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Bihar Partners with Bidgely to Reduce Energy Theft and Revenue Leakage Through AI-Powered Data Analytics

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금요일, 5월 31, 2024

Bihar State Power Holding Company Limited (BSPHCL) has adopted Bidgely’s artificial intelligence (AI)-powered Energy Theft Solution to enhance the discom’s energy theft detection and revenue leakage prevention strategies.

Key Points:

Bihar State Power Holding Company Limited (BSPHCL) has adopted Bidgely’s artificial intelligence (AI)-powered Energy Theft Solution to enhance the discom’s energy theft detection and revenue leakage prevention strategies.
View the full release here: https://www.businesswire.com/news/home/20240531936620/en/
Bidgely's AI technology helps BSPHCL utilize smart meter data to detect energy theft faster and with greater precision.
(Graphic: Business Wire)
Bidgely’s AI technology, which analyzes smart meter data to flag anomalous behaviors and patterns in consumer energy usage, has already flagged over 136 potential cases of theft.
This is where we are partnering with solution providers like Bidgely to deliver revenue leakage solutions and unlock the value of AI/ML driven data analytics for Bihar,” said Sanjeev Hans, CMD at Bihar State Power Holding Company Limited.

REDEX to be an exclusive partner to TNBX in Malaysia to support the Malaysia Green Attribute Trading System (mGATS) platform

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월요일, 5월 20, 2024

Guarantee of origin, TNB, REC, Tenaga Nasional, Carbon, Certification, Acquisition, Electricity, Renewable energy

SINGAPORE, May 20, 2024 - (ACN Newswire) - REDEX will be an exclusive partner to TNBX to support the development of the Malaysia Green Attribute Trading System (mGATS) into the country's preeminent digital trading platform for Malaysia Renewable Energy Certificates (mREC).

Key Points:

SINGAPORE, May 20, 2024 - (ACN Newswire) - REDEX will be an exclusive partner to TNBX to support the development of the Malaysia Green Attribute Trading System (mGATS) into the country's preeminent digital trading platform for Malaysia Renewable Energy Certificates (mREC).
REDEX Founder and CEO Kang Jen Wee said, "REDEX is honoured to be chosen by TNBX as a partner for the development of mGATS into a premier digital trading platform for the Malaysian market.
We are excited to be part of the country's journey to create a sustainable future for current and future generations."
Utilising our expertise and experience, REDEX will work closely with TNBX to enable more renewable electricity certification in Malaysia."

Consolidated Water Reports First Quarter 2024 Revenue up 21% to $39.7 Million, Driving Net Income from Continuing Operations of $6.9 Million or $0.43 Diluted EPS

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수요일, 5월 15, 2024

PERC, Population growth, REC, Consolidated, Engineering, Fresh water, Seawater, Growth, Water board, Water, Music

Services revenue increased 37% to $17.4 million, with recurring services revenue generated from operations and maintenance contracts up 93% to $7.1 million.

Key Points:

Services revenue increased 37% to $17.4 million, with recurring services revenue generated from operations and maintenance contracts up 93% to $7.1 million.
Net income from continuing operations attributable to company stockholders was $6.9 million or $0.43 per diluted share, as compared to $4.1 million or $0.26 per diluted share in the first quarter of 2023.
Cash and cash equivalents totaled $46.2 million and working capital was $95.0 million as of March 31, 2024.
Net income from continuing operations attributable to stockholders for the first quarter of 2024 was $6.9 million or $0.43 per diluted share, compared to net income of $4.1 million or $0.26 per diluted share in the first quarter of 2023.

Ever.green Brings Additionality to the Energy Sector via High-Impact REC Contracts

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화요일, 5월 14, 2024

Alternative Energy, Energy, Environment, Other Energy, Sustainability, Guarantee of origin, University of Edinburgh, CFE, Running, University, REC, Government, Climate change, Climate, COP28, Electricity, Entrepreneurship, Renewable energy

Ever.green today released a whitepaper detailing a new approach to procuring Renewable Energy Certificates (RECs) that significantly enhances their impact on the energy transition.

Key Points:

Ever.green today released a whitepaper detailing a new approach to procuring Renewable Energy Certificates (RECs) that significantly enhances their impact on the energy transition.
Titled "High-Impact RECs: Applying Additionality for Renewable Energy Advancement," this publication addresses the urgent need for substantive change in the REC market to meet global climate targets.
Amid rising global emissions driven primarily by energy production, the transition to renewable energy has become imperative.
Ever.green invites all interested parties to explore the potential of high-impact RECs and join in their effort to reshape the landscape of renewable energy support.

Altus Power, Inc. Announces First Quarter 2024 Financial Results

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목요일, 5월 9, 2024

Altus Power, Inc. (NYSE: AMPS) ("Altus Power" or the "Company"), the largest commercial scale provider of clean, electric power, today announced its financial results for first quarter of 2024.

Key Points:

Altus Power, Inc. (NYSE: AMPS) ("Altus Power" or the "Company"), the largest commercial scale provider of clean, electric power, today announced its financial results for first quarter of 2024.
Operating revenues during the first quarter of 2024 totaled $40.7 million, compared to $29.4 million during the same period of 2023, an increase of 38%.
First quarter 2024 GAAP net income totaled $4.1 million, compared to $3.8 million for the same period of 2023.
Adjusted EBITDA* during the first quarter of 2024 was $19.7 million, compared to $16.0 million for the first quarter of 2023, a 23% increase.

April 2024 Monthly Investor Update

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월요일, 5월 6, 2024

Electricity, Guarantee of origin, Canal Flats, REC, Dell Technologies, GPU

(May 16, 2024)

Key Points:

(May 16, 2024)
Dell Technologies World (May 20 - 23, 2024)
B Riley Annual Investor Conf.
(May 22 - 23, 2024)
GenAI Summit San Francisco (May 29 - 31, 2024)
Comprises actual power usage for Canal Flats, Mackenzie, Prince George, and Childress.
The Company’s Childress site has been powered by 100% renewable energy since inception via the purchase of RECs.
Final decisions with respect to exercising miner purchase options will be made during 2024 taking into consideration market and funding conditions.

Nodal Exchange Achieves Second-Highest Trading Volume Ever in Both Power and Environmental Markets in April

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화요일, 5월 7, 2024

Other Energy, Utilities, Oil, Gas, Environment, Finance, Alternative Energy, Energy, Professional Services, Carbon, Guarantee of origin, REC, Record, Exchange, LCFS, Risk, Auction

In power, Nodal set a calendar month record for April with traded power futures volume of 345 million MWh, up 13% from 306 million MWh in April 2023.

Key Points:

In power, Nodal set a calendar month record for April with traded power futures volume of 345 million MWh, up 13% from 306 million MWh in April 2023.
This is the second highest month ever for Nodal Exchange, only surpassed by the 379 million MWh in February 2024.
Nodal posted the second-highest monthly volume ever in environmental markets of 48,865 lots, topping the prior record of 43,883 lots in April 2023 by 11%.
“I am excited to see strong performance across all of our markets,” said Paul Cusenza, Chairman and CEO of Nodal Exchange and Nodal Clear.

REC Group receives EcoVadis Silver Medal for its advanced ESG efforts

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수요일, 5월 8, 2024

Renewable Energy Corporation, Human rights, Solar energy, REC, Labour, CSRD, Water, ESG, GDP, Environment, Sustainable procurement, Energy, Renewable energy

SINGAPORE, May 8, 2024 /PRNewswire/ -- REC Group, an international pioneering solar energy company with its cell and module manufacturing sites in Singapore, is proud to announce that it has been awarded the prestigious EcoVadis Silver Medal for its advanced efforts in environmental, social, and governance (ESG) practices. REC is now ranked within the top 15% of evaluated companies in the global electronic goods manufacturing sector.[1]

Key Points:

SINGAPORE, May 8, 2024 /PRNewswire/ -- REC Group , an international pioneering solar energy company with its cell and module manufacturing sites in Singapore, is proud to announce that it has been awarded the prestigious EcoVadis Silver Medal for its advanced efforts in environmental, social, and governance (ESG) practices.
REC Group excelled in particular in the themes Environment and Labor & Human Rights, showcasing its commitment to sustainable practices and responsible business conduct.
Jan Bicker, CEO of REC Group, expressed his gratitude for the recognition, stating, "We are extremely proud to receive this medal and I would like to thank our whole ESG Steering Committee and all the passionate REC colleagues for all their efforts.
Detailed information on REC's ESG efforts available in the latest ESG report and here: www.recgroup.com/csr
For media inquiries please contact:

REC Group receives EcoVadis Silver Medal for its advanced ESG efforts

Retrieved on:

수요일, 5월 8, 2024

Renewable Energy Corporation, Human rights, Solar energy, REC, Labour, CSRD, Water, ESG, GDP, Environment, Sustainable procurement, Energy, Renewable energy

SINGAPORE, May 8, 2024 /PRNewswire/ -- REC Group, an international pioneering solar energy company with its cell and module manufacturing sites in Singapore, is proud to announce that it has been awarded the prestigious EcoVadis Silver Medal for its advanced efforts in environmental, social, and governance (ESG) practices. REC is now ranked within the top 15% of evaluated companies in the global electronic goods manufacturing sector.[1]

Key Points:

SINGAPORE, May 8, 2024 /PRNewswire/ -- REC Group , an international pioneering solar energy company with its cell and module manufacturing sites in Singapore, is proud to announce that it has been awarded the prestigious EcoVadis Silver Medal for its advanced efforts in environmental, social, and governance (ESG) practices.
REC Group excelled in particular in the themes Environment and Labor & Human Rights, showcasing its commitment to sustainable practices and responsible business conduct.
Jan Bicker, CEO of REC Group, expressed his gratitude for the recognition, stating, "We are extremely proud to receive this medal and I would like to thank our whole ESG Steering Committee and all the passionate REC colleagues for all their efforts.
Detailed information on REC's ESG efforts available in the latest ESG report and here: www.recgroup.com/csr
For media inquiries please contact:

Recycled Elastomers Market worth USD 20.2 Billion to 2031 - Latest Report by InsightAce Analytic Pvt. Ltd.

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화요일, 5월 7, 2024

Table tennis rubber, Elastomer, Avient Corporation, Content, Carbon, PCR, REC, TPE, Hardness, Waste management, Primary energy, Recycling, Growth

Recycled elastomers are not up to par for usage in high-end applications due to process limitations that compromise their purity and other desirable qualities.

Key Points:

Recycled elastomers are not up to par for usage in high-end applications due to process limitations that compromise their purity and other desirable qualities.
In addition, manufacturers feel uncertain due to the absence of clear norms on the use and quality of recycled elastomers.
The Asia Pacific recycled elastomers market is anticipated to record a large market share in revenue.
Besides, North America had a remarkable share in the market due to the building industry using recycled elastomers, businesses embracing sustainable methods, and a well-established system for collecting and processing recycled materials, and the constant technical advances to grow the global recycled elastomers market.