NRE

Ahead of the G20 Summit, Coordinating Minister Luhut Officially Launch PLN's FSPP in Nusa Dua Bali

Retrieved on: 
Monday, November 14, 2022

Nusa Dua, Bali, Nov 14, 2022 - (ACN Newswire) - The Coordinating Minister for Maritime Affairs and Investment of the Republic of Indonesia, Luhut Binsar Pandjaitan officially launch the Floating Solar Power Plant (FSPP) of the Muara Nusa Dua Reservoir owned by PLN Group on Friday (11/11).

Key Points: 
  • Nusa Dua, Bali, Nov 14, 2022 - (ACN Newswire) - The Coordinating Minister for Maritime Affairs and Investment of the Republic of Indonesia, Luhut Binsar Pandjaitan officially launch the Floating Solar Power Plant (FSPP) of the Muara Nusa Dua Reservoir owned by PLN Group on Friday (11/11).
  • Luhut said the construction of FSPP was a concrete manifestation of Indonesia's energy transition by intensively building EBT-based power plants.
  • Through the subholding of PLN Indonesia Power, the company completed the FSPP Muara Nusa Dua Reservoir project in just 1.5 month.
  • This FSPP was built on an area of 0.35 hectares or 1 percent of the area of the Muara Nusa Dua Reservoir.

POET Technologies Reports Third Quarter 2022 Financial Results

Retrieved on: 
Monday, November 14, 2022

TORONTO, Nov. 14, 2022 (GLOBE NEWSWIRE) -- POET Technologies Inc. (POET or the Company) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial intelligence markets, today reported its unaudited condensed consolidated financial results for the third quarter ended September 30, 2022.

Key Points: 
  • TORONTO, Nov. 14, 2022 (GLOBE NEWSWIRE) -- POET Technologies Inc. (POET or the Company) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial intelligence markets, today reported its unaudited condensed consolidated financial results for the third quarter ended September 30, 2022.
  • The Company had finance costs of $12,000 in the third quarter of 2022 compared to $20,000 in the third quarter of 2021 and $13,000 in the second quarter of 2022.
  • Cash flow from operating activities in the third quarter of 2022 was ($2.5) million compared to ($2.8) million in the third quarter of 2021 and ($3.3) million in the second quarter of 2022.
  • These non-IFRS financial performance measures are included because management has used the information to analyze the business performance and financial position of POET.

Pertamina develops green business to support emission reduction

Retrieved on: 
Tuesday, November 8, 2022

JAKARTA, Nov 9, 2022 - (ACN Newswire) - State-owned energy company PT Pertamina develops a number of green business initiatives to support Indonesia's goal to achieve net zero emission by 2060.

Key Points: 
  • JAKARTA, Nov 9, 2022 - (ACN Newswire) - State-owned energy company PT Pertamina develops a number of green business initiatives to support Indonesia's goal to achieve net zero emission by 2060.
  • Therefore, our business strategy consists of two pillars, namely decarbonizing our core business and developing a green business," CEO of Pertamina Power Indonesia Dannif Danusaputro stated at the Indonesia Pavilion at COP27 in Sharm El Sheikh, Egypt, on Sunday (November 6).
  • Considering a large investment required for the development of green business and clean technology to support the energy transition, Pertamina cooperates with national and global partners to explore partnerships in decarbonization programs, green businesses as well as accelerate the growth of EBT to achieve net zero emissions.
  • Through several processes at the green refinery, Pertamina produces high-quality and more environmentally friendly fuel derived from palm oil including biodiesel, green diesel, green avtur and green gasoline.

CEVA, Inc. Announces Third Quarter 2022 Financial Results

Retrieved on: 
Wednesday, November 9, 2022

ROCKVILLE, Md., Nov. 9, 2022 /PRNewswire/ -- CEVA, Inc. (NASDAQ: CEVA), the leading licensor of wireless connectivity and smart sensing technologies and co-creation solutions, today announced its financial results for the third quarter ended September 30, 2022.

Key Points: 
  • Total revenue for the third quarter of 2022 was $33.7 million, a 3% increase compared to $32.8 million reported for the third quarter of 2021.
  • Third quarter 2022 licensing, non-recurring engineering (NRE) and related revenue was $22.3 million compared to $21.6 million reported for the same quarter a year ago.
  • Royalty revenue for the third quarter of 2022 was $11.4 million compared to $11.2 million reported for the third quarter of 2021.
  • Non-GAAP operating income for the third quarter of 2022 was $6.8 million up 4% from $6.5 million reported for the third quarter of 2021.

Green business to reduce 26 million tons of CO2 by 2060: Pertamina

Retrieved on: 
Monday, November 7, 2022

JAKARTA, Nov 7, 2022 - (ACN Newswire) - Pertamina is expecting its green business of new and renewable energy (NRE) to be able to meet its target of reducing 26 million tons of CO2 by 2060, higher than its 2030 target of 11 million tons of CO2 reduction.

Key Points: 
  • JAKARTA, Nov 7, 2022 - (ACN Newswire) - Pertamina is expecting its green business of new and renewable energy (NRE) to be able to meet its target of reducing 26 million tons of CO2 by 2060, higher than its 2030 target of 11 million tons of CO2 reduction.
  • We are also targeting to be able to produce up to 600,000 bpd of B30 and A20 by 2060," Widyawati noted.
  • In recent decades, governments have shared climate change responsibilities with academia, business, civil society organizations and others.
  • "Sometimes this becomes a paradox, a form of discrepancy in social relevance, so that policies are less effective into action.

Long list achievement of PLN enabling energy transition in Indonesia

Retrieved on: 
Wednesday, November 2, 2022

PLN prepared to lead energy transition in Indonesia by presenting roadmap towards Net Zero Emission 2060.

Key Points: 
  • PLN prepared to lead energy transition in Indonesia by presenting roadmap towards Net Zero Emission 2060.
  • In addition to early retirement, PLN has decreased the capacity of CFPP at Corporate plan (RUPTL) from 27 GW to 13.9 GW.
  • "Us, in PLN committed to support government's program to actualized clean energy.
  • Since 2021, PLN has delivered ~1.5 TWh of green energy to +230 stakeholders such as SOEs, Government, Business, and Industry players.

The Indonesia Ministry of SOEs Supports PLN's Breakthrough to Accelerate the Clean Energy Transition in Indonesia

Retrieved on: 
Wednesday, October 26, 2022

The President Director of PLN Darmawan Prasodjo welcomes the government's support to make the energy transition successful, especially to follow the NZE 2060 target.

Key Points: 
  • The President Director of PLN Darmawan Prasodjo welcomes the government's support to make the energy transition successful, especially to follow the NZE 2060 target.
  • This means, continued Darmawan, PLN is ready to lead the energy transition in Indonesia.
  • To do so, the Ministry of SOEs is not only encouraging PLN to support the NZE effort, but also all SOEs must contribute to the initiative.
  • The energy transition must be carried out based on the transformation desired by Indonesia," said Erick Thohir, Minister of State-Owned Enterprises (SOEs), during the SOE International Conference in Bali (17/10).

Q3 2022 Trading and Business Update

Retrieved on: 
Monday, October 17, 2022

Licence and Non-recurring Engineering ("NRE") bookings in Q3 2022 were up 169% year-on-year.

Key Points: 
  • Licence and Non-recurring Engineering ("NRE") bookings in Q3 2022 were up 169% year-on-year.
  • In Q3 2022, Alphawave IP extended its leadership with a second design win in 3nm technology.
  • In the quarter we built on the advantages of the hybrid business model with four new custom silicon wins in September.
  • Our hybrid model enables the business to generate larger revenue streams by capturing the full value embedded in our custom silicon offering.

Q3 2022 Trading and Business Update

Retrieved on: 
Monday, October 17, 2022

Licence and Non-recurring Engineering ("NRE") bookings in Q3 2022 were up 169% year-on-year.

Key Points: 
  • Licence and Non-recurring Engineering ("NRE") bookings in Q3 2022 were up 169% year-on-year.
  • In Q3 2022, Alphawave IP extended its leadership with a second design win in 3nm technology.
  • In the quarter we built on the advantages of the hybrid business model with four new custom silicon wins in September.
  • Our hybrid model enables the business to generate larger revenue streams by capturing the full value embedded in our custom silicon offering.

AITX's Subsidiary Robotic Assistance Devices Group (RAD-G) Launches Efforts to Penetrate New Markets

Retrieved on: 
Monday, October 3, 2022

Detroit, Michigan, Oct. 03, 2022 (GLOBE NEWSWIRE) -- Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), today announced that its wholly owned subsidiary, Robotic Assistance Devices, Group (RAD-G) has launched efforts to provide OEM system-level components to specific industries and clients outside of the Company’s existing security services industry footprint.

Key Points: 
  • To support and lead these efforts, the Company has named Ravi Gade as RAD-Gs OEM Program Director.
  • I believe that Ravi leading the RAD-G efforts of placing RADs hardware and software in new markets has significant potential.
  • Devices currently offered by RAD-Gs sister company and AITX wholly owned subsidiary, Robotic Assistance Devices (RAD) are powered by components closely related to RADPack Millie.
  • Robotic Assistance Devices Group (RAD-G) is a high-tech start-up that produces and delivers component-level artificial intelligence-based solutions that empower organizations to offer enhanced solutions based on proven technology, with a quick time-to-market.