AES

AES Reports Record Performance in 2023 & Raises Long-Term Guidance

Retrieved on: 
Monday, February 26, 2024

ARLINGTON, Va., Feb. 26, 2024 /PRNewswire/ -- The AES Corporation (NYSE: AES) today reported financial results for the year ended December 31, 2023.

Key Points: 
  • "Overall, 2023 was AES' best year ever in terms of both execution and financial performance.
  • Full year 2023 Net Income (Loss) was ($182) million, including $1.1 billion of impairments in 2023 primarily related to the Company's continued exit from coal-fired generation.
  • During full year 2023, the Company realized Tax Attributes5 of $611 million, an increase of $344 million compared to full year 2022.
  • The Company's 2024 guidance is based on foreign currency and commodity forward curves as of December 31, 2023.

CERAWeek by S&P Global 2024 to Convene Energy CEOs, Government Officials and Business and Technology Leaders in Houston, March 18-22

Retrieved on: 
Monday, February 26, 2024

HOUSTON, Feb. 26, 2024  /PRNewswire/ -- The 42nd annual gathering of CERAWeek by S&P Global—the world's preeminent energy conference—will convene energy industry leaders, experts, government officials and policymakers, as well as leaders from the technology, financial and industrial communities, March 18-22 in Houston.

Key Points: 
  • Learn more at www.ceraweek.com
    HOUSTON, Feb. 26, 2024 /PRNewswire/ -- The 42nd annual gathering of CERAWeek by S&P Global—the world's preeminent energy conference—will convene energy industry leaders, experts, government officials and policymakers, as well as leaders from the technology, financial and industrial communities, March 18-22 in Houston.
  • "The increasing focus on energy transition following COP28 coincides with a growing realization of just how complex the road ahead will be," said Yergin.
  • Meeting those challenges, and realizing the promise, of the new energy future will be the focus of the world's energy leaders at CERAWeek 2024 in Houston."
  • The CERAWeek 2024 conference program will explore key themes related to:
    Energy Markets – How will supply and demand balance in a world of uncertainty?

CARLA TULLY APPOINTED TO NIKOLA BOARD OF DIRECTORS

Retrieved on: 
Friday, February 16, 2024

PHOENIX, Feb. 16, 2024 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, today announced the appointment of energy and infrastructure expert Carla Tully, to its Board of Directors. Over more than two decades, Tully has built a successful track record leading and scaling energy organizations across Fortune 150, private equity, startup, and government entities. Tully serves as the Vice Chair of Earthrise Energy's Board of Directors, a Board Director for Citizens for Responsible Energy Solutions Forum and as an Advisor to several energy transition startups.

Key Points: 
  • PHOENIX, Feb. 16, 2024 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand , today announced the appointment of energy and infrastructure expert Carla Tully, to its Board of Directors .
  • Tully serves as the Vice Chair of Earthrise Energy's Board of Directors, a Board Director for Citizens for Responsible Energy Solutions Forum and as an Advisor to several energy transition startups.
  • "As Nikola scales its energy infrastructure business, especially in the hydrogen ecosystem, the addition of Carla to Nikola's Board of Directors will greatly benefit our company, employees and shareholders," said Steve Shindler, Chairman of Nikola's Board of Directors.
  • I've dedicated my career to similar missions, and I am delighted to join Nikola's Board of Directors and support Nikola in 2024 and beyond."

Real Estate Giant CoStar Group Selects Arlington, Va. for Global Headquarters

Retrieved on: 
Wednesday, February 14, 2024

ARLINGTON, Va. , Feb. 14, 2024 /PRNewswire-PRWeb/ -- CoStar Group, a leading global provider of online real estate marketplaces, information, and analytics in the property markets, has selected Arlington County, Va. for its global headquarters, announced Arlington Economic Development. The real estate giant will relocate to Central Place Tower, a 560,000-square-foot office building in Arlington, Va. in late 2024. CoStar Group will occupy 175,000 square feet of commercial office space and employ 650 workers at the facility, located at 1201 Wilson Boulevard.

Key Points: 
  • The real estate giant will relocate to Central Place Tower, a 560,000-square-foot office building in Arlington, Va. in late 2024.
  • CoStar Group will occupy 175,000 square feet of commercial office space and employ 650 workers at the facility, located at 1201 Wilson Boulevard.
  • CoStar Group joins additional businesses with headquarters of note in Arlington, including AES, Amazon, Boeing, Nestlé and RTX.
  • CoStar Group will pay $13,951,900 to Arlington County to obtain sole use of the observation deck at 1201 Wilson Boulevard.

Lexar Introduces SL600 Portable SSD with Blazing-fast Performance up to 2000MB/s

Retrieved on: 
Wednesday, February 14, 2024

SAN JOSE, Feb. 14, 2024 /PRNewswire-PRWeb/ -- Key Features

Key Points: 
  • Lexar, a leading global brand of flash memory solutions, is excited to announce the Lexar® Professional SL600 Portable SSD.
  • "We understand that many creative professionals need solutions that expedite their workflows and make their jobs easier.
  • The Lexar® Professional SL600 Portable SSD does just that by offering blazing fast read and write speeds that allow creatives to spend more time focusing on their craft rather than waiting for files to transfer," said Joey Lopez, Director of Marketing.
  • The Lexar® Professional SL600 Portable SSD comes in three capacities and is available for $129.99 for 1TB and $174.99 for 2TB.

West Africa trade will take a hit as Mali, Niger and Burkina Faso leave Ecowas

Retrieved on: 
Wednesday, February 14, 2024

Founded in 1975, Ecowas is one of eight regional economic communities recognised by the African Union to foster regional integration on the continent.

Key Points: 
  • Founded in 1975, Ecowas is one of eight regional economic communities recognised by the African Union to foster regional integration on the continent.
  • Its main objective is to create a single, large trading bloc through economic cooperation.
  • Intra-regional trade remains well below the levels of other regions and the west African economies still rely a lot on informal activities.
  • These networks have encouraged the development of informal trade between west African countries and prevented the implementation of trade facilitation initiatives.

The integration conundrum

  • Subject to constant climatic uncertainties, it includes some of the poorest and least developed countries in the world.
  • Sahelian countries such as Burkina Faso, Mali and Niger depend more on regional trade than coastal countries, such as Côte d’Ivoire, Ghana or Nigeria.
  • They tend to produce identical agricultural commodities, which they typically trade with other countries located on the Gulf of Guinea.
  • Livestock trade between the Sahel and the Gulf of Guinea is also highly dependent on free movement between west African countries.

The consequences

  • Withdrawing from Ecowas is likely to have major consequences on the regional economy as a whole.
  • Without free access to the ports of Cotonou, Lomé, Abidjan or Tema, Sahelian imports will be far more expensive.
  • In addition, leaving Ecowas and its free movement protocol could have catastrophic consequences for millions of Sahelians who live in – or wish to migrate to – coastal cities.

Political motivations

  • It is primarily motivated by the fact that the bloc’s approach to region-building is not confined to economic integration.
  • Ecowas is also well-known for its robust involvement in peacekeeping and security operations to end conflict in the region.


Olivier Walther receives funding from the Organisation for Economic Co-operation and Development.

BrightNight Adds Experienced Asset Management, Operations & Maintenance, and Construction Leadership to Support Next Phase of Portfolio Growth

Retrieved on: 
Monday, February 5, 2024

He spent the last 16 years successfully scaling organizations in the renewable generation space with full P&L responsibility.

Key Points: 
  • He spent the last 16 years successfully scaling organizations in the renewable generation space with full P&L responsibility.
  • At BrightNight, Jeff will lead the development and execution of new Asset, Operations & Maintenances competencies across its multi-resource, utility-scale renewable power plants in the U.S.
  • He will lead BrightNight's Construction Management team in the U.S., with a focus on accelerating the buildout of BrightNight's U.S. project portfolio.
  • Jeff and Doren bring tremendous experience and knowledge as we manage our portfolio buildout and enter the next phase of our rapid growth."

H2O.ai Announces Breakthrough in Reducing Cost of Inferencing with Snowflake Integration

Retrieved on: 
Wednesday, January 31, 2024

H2O.ai , the open source leader in Generative AI and machine learning, today announced a significant breakthrough in reducing the cost of inferencing through its integration with the Snowflake Data Cloud.

Key Points: 
  • H2O.ai , the open source leader in Generative AI and machine learning, today announced a significant breakthrough in reducing the cost of inferencing through its integration with the Snowflake Data Cloud.
  • View the full release here: https://www.businesswire.com/news/home/20240129636509/en/
    The company's latest innovations, H2O.ai eScorer and its Snowflake Integration, enable organizations to deploy machine learning models directly into Snowflake as a user-defined function (UDF).
  • "With H2O.ai scoring optimized for Snowflake, we are reducing the cost of inferencing by 3000%," said Sri Ambati, CEO and co-founder of H2O.ai.
  • "With H2O.ai eScorer, we are confident that we can help organizations to improve their bottom line by reducing the cost of inferencing and improving efficiency."

NAM Info Inc unveils Telecom services startup: NAM InfoCom

Retrieved on: 
Wednesday, January 31, 2024

CRANBURY, N.J., Jan. 31, 2024 /PRNewswire-PRWeb/ -- NAM Info Inc, a trailblazing technology and information services provider, is thrilled to announce the official launch of NAM InfoCom, a dynamic telecom services startup poised to redefine communication in today's digital landscape. NAM InfoCom offers a suite of innovative communication solutions for enterprises, including three flagship products: eNCALL, eNCOM, and eNWEB, meticulously designed to meet the unique needs and challenges of the modern business landscape.

Key Points: 
  • NAM InfoCom, is a dynamic telecom services startup poised to redefine communication in today'sdigital landscape.
  • CRANBURY, N.J., Jan. 31, 2024 /PRNewswire-PRWeb/ -- NAM Info Inc, a trailblazing technology and information services provider, is thrilled to announce the official launch of NAM InfoCom, a dynamic telecom services startup poised to redefine communication in today's digital landscape.
  • NAM InfoCom offers a suite of innovative communication solutions for enterprises, including three flagship products: eNCALL, eNCOM, and eNWEB, meticulously designed to meet the unique needs and challenges of the modern business landscape.
  • NAM InfoCom has come out with a revolutionary communication framework based on WebRTC technology and ensuring the most important requirement of enterprise which is security.

FTC proposes enhanced protections for kids online. Where do you stand?

Retrieved on: 
Sunday, February 4, 2024

FTC proposes enhanced protections for kids online. Where do you stand? The FTC wants your comments about the enhanced protections it has in mind.

Key Points: 

FTC proposes enhanced protections for kids online. Where do you stand?

  • The FTC wants your comments about the enhanced protections it has in mind.
  • After the FTC announced it was considering revisions to the COPPA Rule, we received more than 175,000 comments.
  • You’ll want to read the Notice of Proposed Rulemaking for the details, but here is a brief recap of some of the provisions the FTC is considering: