Tag: Alternative Energy

Greenbriar Capital Corp. Closes Non-Brokered Private Placement

Coquitlam, British Columbia, Nov 3, 2020 – (ACN Newswire) – Greenbriar Capital Corp. (TSXV: GRB) (OTC Pink: GEBRF) ("Greenbriar") is pleased to announce that it has closed the non-brokered private placement announced on October 27, 2020. Greenbriar has issued 500,000 units (the "Units") at a price of $1.50 per Unit for gross proceeds of $750,000. Each Unit is comprised of one common share and one share purchase warrant. Each share purchase warrant (a "Warrant") entitles the holder to acquire one additional common share in the capital of Greenbriar at a price of $1.75 per until November 2, 2022.

The common shares comprising the Units and any shares issued upon the exercise of any Warrants are subject to a hold period until March 3, 2021. Proceeds from the Private Placement will be used by Greenbriar for working capital purposes.

Financial Newsletter

Greenbriar sponsored an ESG investor event on March 25, 2020 with Grit Capital. Beginning November 1, 2020, Grit Capital has launched a very efficient and easy to read, fun, exceedingly informative, and highly impactful Investment Newsletter (https://gritcapital.substack.com) that covers emerging trends, themes and investment ideas which is based on where big money and momentum is moving in the market, long before the general investing public studies the available information. The newsletter is written by Genevieve Roch-Decter, CFA, a former $100 Million+ small cap portfolio manager who's fund was ranked #1 for 3 of the 7 years she ran it (as ranked by Globe & Mail – GlobeFunds). We strongly recommend all of our shareholders and all interested friends and family to subscribe to the free newsletter at https://gritcapital.substack.com

About Greenbriar Capital Corp

Greenbriar is a leading developer of sustainable real estate and renewable energy. With long-term, high impact, contracted sales agreements in key project locations and led by a successful, industry-recognized operating and development team, Greenbriar targets deep valued assets directed at accretive shareholder value.

ON BEHALF OF THE BOARD OF DIRECTORS
"Jeff Ciachurski"
Jeffrey J. Ciachurski
Chief Executive Officer and Director
Phone: 949.903.5906

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release. Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release may contain forward-looking statements. All statements, other than statements of historical fact, constitute "forward-looking statements" and include any information that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including the Company's strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/67371

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

TANAKA Receives 2020 Technology Award from Catalyst Manufacturers Association, Japan

TOKYO, Oct 29, 2020 – (ACN Newswire) – TANAKA Holdings Co., Ltd. (Head office: Chiyoda-ku, Tokyo; Representative Director & CEO: Koichiro Tanaka) announced today that TANAKA Kikinzoku Kogyo K.K. (Head office: Chiyoda-ku, Tokyo; Representative Director & CEO: Koichiro Tanaka), which operates the TANAKA Precious Metals manufacturing business, has received the 2020 Technology Award from the Catalyst Manufacturers Association, Japan, (CMAJ). The award was in recognition of the company's joint development of a hydrophobic precious metal catalyst in collaboration with the National Institutes for Quantum and Radiological Science and Technology (Headquarters: Chiba-shi, Chiba; President: Toshio Hirano; QST). Hitoshi Kubo, from TANAKA, and Yasunori Iwai, from QST, received the award and gave an acceptance speech at the 2020 CMAJ award ceremony, held online on October 14.
Hydrophobic precious metal catalyst


Hydrophobic precious metal catalyst floating on water



Examples of Hydrophobic Precious Metal Catalyst Products

The hydrophobic precious metal catalyst for which the Technology Award was received was developed through a collaboration between TANAKA and QST. It was developed as an ambient-temperature hydrogen oxidation technology for ITER and other nuclear fusion facilities. With its hydrophobicity enabling the catalytic reaction to be maintained even at ambient temperatures, it is used for hydrogen oxidation reactions. With conventional catalysts, moisture in the reaction gas and water vapor generated during reactions cover the catalyst surface and stop the catalytic reaction, so they must be heated to prevent the water vapor coating from occurring. Also, normal catalysts use plastic as the carrier, which makes them heat sensitive, causing combustion to occur as the temperature of the catalyst increases through the reaction.

This newly developed catalyst employs an inorganic material, which has better resistance to heat and radiation than plastic, as its underlying carrier. The carrier has a hydrophobic group attached (a substance that is difficult to mix with water), which creates a uniform hydrophobic surface to the carrier to improve its hydrophobic and heat-resistant properties. According to internal testing at TANAKA, a precious metal catalyst consisting of this carrier coated with platinum can maintain hydrophobicity for 24 hours at a temperature of 450 degrees C.

This catalyst can be used for oxidation reactions of hydrogen and combustible gases, in nuclear fusion facilities and elsewhere, without the need for heaters and other equipment. It also enables reactions in outdoor environments without access to an electric power source or in disaster-affected areas during power failures. Because of the hydrophobic properties of this catalyst, it has potential applications in safety equipment to prevent explosions and other accidents. It is particularly promising for use in infrastructure development for the hydrogen energy society.

[2020 Technology Award from Catalyst Manufacturers Association, Japan]
– Category: Technology Award
– Recipients:
— Hitoshi Kubo, TANAKA Kikinzoku Kogyo K.K.
— Yasunori Iwai, National Institutes for Quantum and Radiological Science and Technology
– Recognition: Development of a hydrophobic precious metal catalyst

Notes
Catalyst Manufacturers Association, Japan, was founded to promote the sound development of Japan's catalyst industry, including companies manufacturing catalysts, producing catalyst-related materials, and dealing with catalyst products. It is Japan's leading catalyst industry association, with participation by major catalyst manufacturers. The association's award system recognizes excellence in advanced catalyst-related technologies and technologies that have made a significant contribution to the catalyst industry each year through Technology Awards, Distinguished Service Awards, and Special Awards.

ITER is an immense international project that aims to create mankind's first experimental fusion reactor for demonstrating the scientific and technological feasibility of nuclear fusion energy for peaceful purposes. The seven ITER Members – Japan, Europe, the United States, Russia, Korea, China, and India – aim to begin the operation of the reactor by 2025.

TANAKA Kikinzoku Kogyo K.K.
Headquarters: 22F, Tokyo Building, 2-7-3 Marunouchi, Chiyoda-ku, Tokyo
Representative: Koichiro Tanaka, Representative Director & CEO
Founded: 1885
Incorporated: 1918
Capital: 500 million yen
Employees: 2,393 (as of March 31, 2020)
Sales: JPY 992,679,879,000 (FY2019)
Main businesses: Manufacture, sales, import, and export of precious metals (platinum, gold, silver, and others) and various types of industrial precious metals products.
URL: https://tanaka-preciousmetals.com

National Institutes for Quantum and Radiological Science and Technology
Headquarters: 4-9-1, Anagawa, Inage-ku, Chiba-shi, Chiba 263-8555, Japan
President: Hirano Toshio
Established: 2016
Employees: 1,301 full-time staff (as of September 1, 2020)
Business activities: Cancer therapy with charged particles, radiation effects on human bodies, medical applications of radiation, radiation protection and radiation emergency medicine, material science with quantum beams, development of life science with quantum beams, quantum science with high power lasers, nuclear fusion as the ultimate energy source for mankind centered around international collaborations such as the ITER Project and the Broader Approach (BA) Activities.
URL: https://www.qst.go.jp/site/qst-english/

Press release in PDF: http://www.acnnewswire.com/clientreports/598/20201029_EN.pdf

Press Inquiries
TANAKA Holdings Co., Ltd.
https://tanaka-preciousmetals.com/en/inquiries-for-media/

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Pacific Green Builds Out Senior Management Team Appointing Xavier Lara As Senior Vice President, Concentrated Solar Power

DOVER, DE, Oct 27, 2020 – (ACN Newswire) – Pacific Green Technologies, Inc. (the "Company" or "PGTK", (OTCQB:PGTK)) announces the appointment of Xavier Lara as Senior Vice President, Concentrated Solar Power, effective October 26, 2020.

Xavier is one of the pre-eminent experts in the Concentrated Solar Power (CSP) sector, with over twenty-five years' experience, including various senior-level roles for AELIUS Engineers and Consultants, Empresarios Agrupados, ACWA Power and NextEra Energy. Xavier joins Pacific Green having recently served as Project Director on billion dollar Cleantech developments around the world.

Scott Poulter, PGTK's Chief Executive commented: "As we continue to build on our existing CSP capabilities, we believe Xavier's unparalleled sales and operations expertise will allow the company to take another step in becoming an industry-leader in this flourishing sector. Xavier brings an exceptional skill set and decades of on-the-ground experience leading flagship CSP projects. Xavier will oversee our rapidly growing CSP business stream and we enthusiastically welcome him to our team."

Xavier Lara, Senior Vice President, Concentrated Solar Power, commented: "Following the acquisition of ENGIN, Pacific Green has positioned itself for success in the CSP space and I look forward to being part of the team to help Pacific Green continue its path to become a world leader in the design and manufacture of CSP systems."

Scott added: "Pacific Green and PowerChina have combined to form an engineering and manufacturing powerhouse, but we believe Xavier's addition to our existing design resources in ENGIN will be instrumental in helping us achieve our goal to be a world leader in this important new sector."

Xavier holds an MEng in Industrial Engineering (Mechanical), an MSc in HSE (Occupational Risk Prevention) and a BSc Hons in Astronomy (Solar Astrophysics).

About Pacific Green Technologies, Inc.

Pacific Green Technologies Inc. is focused on addressing the world's need for cleaner and more sustainable energy. The Company's strategy is to build through organic development and acquisition, a portfolio of patented competitive cutting-edge technologies designed to meet increasingly stringent environmental standards. For more information, visit PGTK's website: www.pacificgreentechnologies.com

About POWERCHINA SPEM Co. Ltd

POWERCHINA SPEM is a subsidiary of POWERCHINA, the largest power equipment manufacturer in the PRC. With abundant resources, expertise, strong manufacturing capacity, domestic sales channels and rich experience, POWERCHINA SPEM is in a strong position to deploy PGTK technology throughout the PRC.

Notice Regarding Forward-Looking Statements:

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the ongoing effects of the pandemic on delays and orders regarding Pacific Green's technologies, potential business developments around the world and future interest in our green technologies.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, general economic and political conditions, the continuation of the JV with POWERCHINA SPEM, and the ongoing impact of the pandemic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Contact:
Scott Poulter, Chairman & CEO
Pacific Green Technologies
T: +1 (302) 601-4659

SOURCE: Pacific Green Technologies, Inc.

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Buick Electra Electric Crossover Concept Enjoys Global Premier

SHANGHAI, Oct 21, 2020 – (ACN Newswire) – The Buick Electra concept vehicle enjoyed a global premiere in Shanghai. The all-electric crossover offers a sneak peek at Buick's vision for a new intelligent electric future.






"Today, Buick's innovative thinking and imagination of future intelligent mobility have reached the next level with the Electra," said Sam Basile, executive vice president of SAIC-GM. "I am confident that the aesthetics and technology innovations reflected on the Electra will ultimately help reset consumers' expectations, just as all previous Buick concepts have done."

Adopting the new "potential energy" design language, the Electra emphasizes clean and bold styling with seamless integrated technology. It comes with a new-generation electric propulsion system and the advanced Ultium battery, along with a variety of connected and intelligent driving technologies, demonstrating Buick's ongoing evolution toward the future of personal mobility.

"Building on Buick's proven leadership in electrification, the Electra represents the brand's ambition to bring together beautiful styling and intelligent connectivity in the new era of zero emissions," said Molly Peck, executive director of Buick Sales and Marketing at SAIC-GM.

"The advanced Ultium battery unlocks the exciting new possibilities for what future EVs will look like. The Electra fully leverages state-of-the-art technology to set a new standard for future EV design and personal mobility."

The Electra is the latest global concept vehicle developed by GM's Pan Asia Technical Automotive Center (PATAC) automotive engineering and design joint venture in Shanghai, backed by GM's global resources. It is named after an iconic Buick flagship model that originally represented one of the three shields in the brand's logo.

Forward-looking design inspired by a space capsule

Combining the athletic look of a four-seat crossover with Gran Turismo aesthetics, the Electra previews Buick's next-generation design language for electric vehicles.

Adopting a pure design philosophy, the Electra has clean and minimalist styling inspired by a space capsule. The evolving sculptural beauty is distinguished by a spacious glass interior pod situated in an aerodynamic wing-form bodyshell. The glass canopy extends from near the front of the hood to the rear.

The Electra's innovative "potential energy" design language is characterized by sculptural surfaces in front, along the sides, and in its wheels and lamps. It reinforces the elegant overall shape while emphasizing the dynamic stance like an arrow being released. This "moving tension" is also reflected through its gradient light silver exterior tone in the front end that progressively transitions to dark silver in back.

The illuminated Buick badge integrates a flow-through design. Along with 23-inch wheels featuring an optimal design, it helps enhance aerodynamics while contributing to the Electra's futuristic look.

Its "breathing" front and rear Matrix LED lamps feature parametrical mathematic lighting strings with a three-dimensional effect. They are complemented by a full LED-illuminated grille and rear screen nameplate to provide dramatic digital lighting interaction.

The Electra's butterfly wing doors support facial recognition and provide a robust opening for convenient access. There is also a hidden floating skateboard integrated with the stoplight under the rear bumper to expand users' personal mobility options.

Zero-gravity environment with seamless technology integration

The Electra's four-seat interior takes full advantage of the all-new electric vehicle architecture developed by GM, with an optimized battery layout. Together with the lack of traditional A/B pillars, the result is a maximum extension of the cabin with a longer wheelbase, a more efficient package and a more spacious, open interior.

The Electra interior has a sculptural spaceship-like cradle, without a traditional instrument panel. The large curved display is a central feature. A retractable steering wheel and suspended seats, supported by an all-new light-weighted armature structure, creates a visual effect of zero gravity inside the cabin.

The Electra's color palette, including copper gold trim surrounding the cabin and dark trim on the exterior frame, replicates the atmosphere of outer space. The interior seamlessly integrates technologies such as a concealed air-conditioning system, ambient lighting and an electronic rearview mirror. The Electra provides functionality and convenience with features available when the user needs them.

Intuitive and immersive user experience

The Electra offers an intuitive and immersive user experience that rewards all the senses. Buick's next-generation eConnect connectivity system runs on the distinctively large retina display with industry-leading freeform curved screen technology, expanding the viewing area for the driver with an immersive visual experience.

The advanced eConnect system supports remote over-the-air (OTA) updates and enables a connected experience by providing on-demand driving information, advanced driver assistant system details and infotainment control. The introduction of a large augmented reality-enhanced head-up display with advanced live-view navigation adds to the Electra's intuitive multi-screen interactive user interface.

The Electra is also equipped with the next generation of Buick's intelligent AI Voice Assistant. Users can fully manage the vehicle's functions with smooth and precise human-machine voice interaction, such as controlling the air-conditioning, accessing home devices and adjusting the driving mode.

Advanced electrification technology and smart mobility

Leveraging GM's global EV expertise, the Electra is supported by its new-generation high-performance modular electric propulsion system. Utilizing the advanced Ultium battery, the Electra has a range of more than 660 kilometers on a single charge, making it ideal for daily commutes as well as family trips.

Thanks to the industry-leading wireless battery management system, the Ultium battery reduces wires within the battery by 90%. It also helps balance chemistry within the individual battery cell groups and conduct real-time battery pack checks to safeguard battery health.

The Electra's Ultium drive unit has high-performance motors in both the front and the rear to ensure optimized power output. It has maximum power of 435 kW, enabling 0-100 kilometer per hour acceleration of just 4.3 seconds.

Additional vehicle highlights for future mobility include GM's next-generation intelligent driving technology with door to-door smart mobility solutions, as well as V2X technologies, to offer a safe and intelligent ride with peace of mind.

Buick has found success offering premium SUVs and cars with sculptural designs, refined performance, modern interiors and thoughtful personal technologies. Buick's award-winning customer service and sales experience, along with the Avenir trim, the highest expression of Buick luxury, are attracting new buyers to experience Buick's unique approach to attainable luxury in North America and China. Buick has sold over 10 million vehicles in China since its introduction by SAIC-GM in 1998. More information about Buick vehicles in China, its largest market, is available at www.Buick.com.cn.

SAIC-GM Buick
Yu Qian
Qian2_Yu@SAIC-GM.com

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Pacific Green Acquires Battery Energy Storage System Design Company Innoergy Limited

DOVER, DE, Oct 20, 2020 – (ACN Newswire) – Pacific Green Technologies, Inc. (the "Company" or "PGTK", (OTCQB:PGTK)) announces that it has acquired Innoergy Limited, a designer of battery energy storage systems whose clients include Osaka Gas Co. Ltd, in Japan, and Limejump Limited ("Limejump"), a subsidiary of Royal Dutch Shell plc. The acquisition marks PGTK's entry into the battery energy storage system market in conjunction with PGTK's joint venture partner, PowerChina SPEM.

Innoergy was founded in April 2019 by James Gratton and Gareth Dauley with supplemental seed capital provided by Ning Zhang, a co-founder of Limejump, the world's first developer of virtual power platforms optimizing energy generation and storage. James Gratton was formerly Head of Engineering at Limejump and Gareth served as a Director of Limejump for two years having formerly worked at Honeywell on its battery energy storage systems and virtual power platforms in the UK. Innoergy is currently in negotiations to design and develop over 450MW of battery energy storage systems in Europe.

Scott Poulter, PGTK's Chief Executive commented: "We believe that the battery energy storage system market has tremendous potential for growth as renewable energy continues to gain momentum. The team at Innoergy provide us with the expertise to build our energy storage platform in conjunction with PowerChina, and together we have the manufacturing capacity to rival the global leaders in the market as designers and manufacturers."

James Gratton, co-founder of Innoergy commented: "After my time as Head of Engineering at Limejump, we are excited to be part of a new chapter in the development of battery energy storage systems. With the support of Pacific Green and their relationship with PowerChina we believe that we are now in an excellent position to become market leaders in the design and manufacture of battery energy storage systems."

Gareth Dauley, co-founder of Innoergy commented: "We are delighted to be joining Pacific Green. Having spent a decade working in the developmental years of this exciting new industry with Honeywell and Limejump, with our combined capabilities we expect to witness the rapid acceleration of Pacific Green's entry into the market due to its unrivalled connections with China's leading energy storage technology, software and hardware companies."

PGTK has continued to expand its technologies through its acquisition of ENGIN in December 2019 so that its portfolio now includes Concentrated Solar Power, Flue Gas Emmission Control Systems, Water Desalination and Battery Energy Storage Systems. PGTK continues to actively seek complementary technologies to add to its Cleantech portfolio.

Scott added: "Pacific Green is now targeting specific industries and sectors where its technology enhances the growing industry of Cleantech solutions. As well as having the capability and resources to carry out whole large scale projects, Pacific Green will continue to develop and produce new cutting edge products as we expand into new sectors."

PGTK's joint venture with PowerChina SPEM, one of the world's largest engineering, procurement and construction companies with annual revenues of around $50 billion, combines elite technical expertise with unrivalled production capabilities in China ensuring PGTK can scale efficiently in each industry sector.

PGTK will continue to adhere to a high-quality development strategy, implement improved processes in all disciplines, and provide state of the art professional and efficient products and services for its customers.

About Pacific Green Technologies, Inc.

Pacific Green Technologies Inc. is focused on addressing the world's need for cleaner and more sustainable energy. The Company's strategy is to build through organic development and acquisition, a portfolio of patented competitive cutting edge technologies designed to meet increasingly stringent environmental standards. For more information, visit PGTK's website: www.pacificgreentechnologies.com

About POWERCHINA SPEM Co. Ltd

POWERCHINA SPEM is a subsidiary of POWERCHINA, the largest power equipment manufacturer in the PRC. With abundant resources, expertise, strong manufacturing capacity, domestic sales channels and rich experience, POWERCHINA SPEM is in a strong position to deploy PGTK technology throughout the PRC.

Notice Regarding Forward-Looking Statements:

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the ongoing effects of the pandemic on delays and orders regarding Pacific Green's technologies, potential business developments around the world and future interest in our green technologies.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, general economic and political conditions, the continuation of the JV with POWERCHINA SPEM, and the ongoing impact of the pandemic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Contact:
Scott Poulter, Chairman & CEO
Pacific Green Technologies
T: +1 (302) 601-4659

SOURCE: Pacific Green Technologies, Inc.

Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

EMC Provides One-stop Marketplace for Businesses to Buy Electricity and Offset Consumption

SINGAPORE, Oct 12, 2020 – (ACN Newswire) – Singapore's Energy Market Company (EMC) announced that organisations committed to environmental sustainability can now conveniently purchase electricity and offset their electricity consumption with Renewable Energy Certificates (RECs) through EMC's PowerSelect platform.



Toh Seong Wah, CEO of EMC


Esther An, Chief Sustainability Officer, City Developments Limited (CDL)


His Excellency Dr. Rashid Al Leem, Chairman of the Sharjah Electricity, Water and Gas Authority (SEWA)



RECs are an additional offering on the PowerSelect platform, which helps businesses efficiently source the best electricity packages across a large number of electricity retailers in Singapore. With this new service, organisations can now also access a wide range of RECs from local and overseas energy providers, and across different renewable energy sources. Increased choices for both electricity packages and RECs translate into more competitive prices for customers.

RECs are financial instruments that certify the purchase by an investor of units of electricity generated from renewable energy sources. Once the renewable energy is fed into the national power grid by the power generator, the REC can be traded as a separate energy commodity (1)(2)(Fact Sheet on RECs in Annex A).

Sound sustainability practice and corporate reputation go hand in hand

RECs support businesses towards environmental sustainability goals. In addition to enhancing corporate reputation, studies have shown that good sustainability practices can be a competitive advantage and support business growth. Organisations that have already purchased RECs from EMC include City Developments Limited (CDL), Singapore Exchange (SGX) and the Sharjah Electricity, Water and Gas Authority (SEWA) in the United Arab Emirates.

Loh Boon Chye, Chief Executive Officer (CEO) of SGX, said: "A commitment to Environmental, Social and Governance (ESG) practices is seen as increasingly important by customers, employees and shareholders of companies, who want their investments to not only deliver a financial return, but also contribute to social goals including environmental sustainability. We are delighted that our subsidiary EMC has launched a RECs offering which helps support organisations in their sustainability goals. SGX is pleased to be EMC's first customer, offsetting the electricity consumption of our offices in FY2019/20 using locally-produced RECs, which will support the adoption of solar panels in Singapore."

Convenience and benefits of purchasing electricity and RECs through EMC

Toh Seong Wah, CEO of EMC, said: "PowerSelect is a one-stop marketplace where businesses in Singapore can competitively purchase electricity and offset their electricity consumption with RECs. While customers can purchase either product independently, they gain additional savings when they purchase both electricity packages and RECs."

"EMC is neither a buyer nor a seller of electricity or RECs. This fully independent role means EMC is able to serve as a trusted advisor to our customers, helping them navigate the electricity and RECs markets and obtain the best value for their transactions," added Mr Toh.

RECs customers benefit from EMC's large pool of local and overseas suppliers, as well as the full range of renewable energy sources including solar, wind and hydro power. Customers that require a large quantity of RECs, which individual sellers may not have, can also rely on EMC to aggregate supply.

In addition, customers save significant time and effort as EMC does all the groundwork – like liaising with RECs suppliers, obtaining and comparing prices – before recommending the RECs that best meet their requirements. Furthermore, with EMC as its contract counterparty, customers face negligible counterparty risk compared to them entering contracts with RECs sellers directly. This is especially so with overseas sellers who usually require that buyers make payment before they receive the RECs.

Customers trust EMC's experience and reputation

With almost 20 years' experience in the power sector and backed by SGX, EMC ensures its customers can buy with confidence. The RECs offered by EMC are accredited by either the International REC Standard Foundation (I-REC) or the Tradable Instrument for Global Renewables (TIGR) Registry, the two key independent global RECs accreditations that ensure verification of trades and adherence to best practices in the sector.

As awareness grows of the need to mitigate global warming and climate change, EMC's customers are recognising the importance of RECs as instruments to help demonstrate their commitment to environmental sustainability.

Esther An, Chief Sustainability Officer, City Developments Limited (CDL), said: "As a sustainability pioneer and green building champion, CDL has remained steadfast in tackling the climate crisis and reducing our carbon emissions. As the world navigates this new normal, sustainability, energy efficiency and the reduction of our carbon footprint will remain our top priorities in the way we design, build and manage our assets. Committed to embracing innovative technologies and solutions that reduce environmental impact, CDL is glad to support EMC's initiative to accelerate Singapore's transition towards a low-carbon economy increasingly powered by renewable energy."

His Excellency Dr. Rashid Al Leem, Chairman of the Sharjah Electricity, Water and Gas Authority (SEWA), said: "Sustainable growth and carbon neutrality are important pillars in SEWA's Vision 2025, which is our blueprint towards a globally successful, innovative and sustainable tomorrow. EMC is the ideal partner for us, as we develop our plans to show our commitment to sustainability through the use of RECs."

Governments and enterprises around the globe are increasingly taking action to reduce their carbon footprint. EMC's entry into the RECs market demonstrates its commitment to the market's growth and evolution, and the development of renewable energy at large.

– RECs, Renewable Energy Certificates : http://www.acnnewswire.com/clientreports/598/FactSheet.pdf

– PowerSelect platform : https://www.powerselect.sg

– EMC, the Energy Market Company : https://www.emcsg.com

About Energy Market Company

Energy Market Company (EMC) operates the wholesale market of the National Electricity Market of Singapore (NEMS), which is Asia's first liberalised electricity market. EMC completes the connection between those who make electricity in Singapore and those who use it.

As the exchange for wholesale electricity trading, EMC provides a transparent and competitive trading platform and its key activities include calculating prices, scheduling generation, clearing and settling market transactions as well as supporting governance of the market.

In line with its mission of building successful energy markets, EMC also provides training and consultancy services to promote the development of competitive electricity markets in countries that are embarking on the path of market liberalisation.

EMC is a subsidiary of the SGX Group. For more information on EMC, please visit www.emcsg.com.

For media enquiries, please contact:
Winnie Tan
Vice President, Communications
Mobile: +65 9782 9705
Email: winnie.tan@emcsg.com

Carol Chong
Senior Executive, Communications
Tel: +65 6871 1857
Email: carol.chong@emcsg.com

1. PowerSelect is the most comprehensive electricity procurement portal for businesses in Singapore. It offers different procurement options (including 'live' auctions which drive prices down), access to data from the wholesale and futures electricity markets, and is supported by a good mix and number of electricity retailers in Singapore. For more information on PowerSelect, please visit the PowerSelect website.
2. RECs were created as a means of tracking and recording the amount of energy from renewable sources such as biomass, biogas, hydro-, solar- or wind-generated power, fed into national power grids.
3. Clark, G. L., Feiner, A., & Viehs, M. (2015, March). From the stockholder to the stakeholder – How sustainability can drive financial outperformance. University of Oxford and Arabesque Asset Management Ltd.



Copyright 2020 ACN Newswire. All rights reserved. http://www.acnnewswire.com

6th Annual POWER WEEK ASIA Is Going Digital

SINGAPORE, Oct 6, 2020 – (ACN Newswire) – As the COVID-19 situation continues to evolve, POWER WEEK will be continuing our efforts to deliver POWER WEEK ASIA 2020 from 9 – 12 November 2020. As it has always been, the safety and well-being of our delegates, speakers, sponsors, and staffs remains our highest priority. We have decided to bring POWER WEEK ASIA to you live online, so that you can stay connected with the global power sector.

POWER WEEK ASIA attracts the industry leaders from national power companies, government regulators, policymakers, renewable & IPPs, investors and suppliers from around the globe. With C-level speakers and attendees all under one roof, it offers the chance to learn the success strategies and pitfalls of notable power projects.

The conference features 20+ engaging sessions covering government regulation & policy, market liberalisation, energy mix & integration, fossil fuels in power market, demand & supply, renewable energy outlook, energy transition, utility-scale solar development, wind energy, tariffs, energy storage, smart grid technologies, mini-grid & microgrid, digitalization, electric vehicles, power trading, project finance, project development, energy efficiency and many more.

Across 4 days, we will be broadcasting live interactive presentations, in-depth panel discussions, and networking sessions from leading experts across the world. Join in from wherever you are online either live or watch the sessions on-demand.

Global energy leaders who have confirmed to speak:
– Simon Li, President, Asia Pacific Project Business Unit, Trina Solar, China
– Toh Seong Wah, CEO, Energy Market Company, Singapore
– Torbjorn Kirkeby-Garstad, EVP Asia, SN Power, Philippines
– Alice Jawan, Permanent Secretary, Ministry of Utilities, Malaysia
– Akihiko Taniguchi, Executive Officer, Global Partnership, JERA, Japan
– Pongsakorn Yuthagovit, Assistant Governor of Planning and Power System Development, Provincial Electricity Authority, Thailand
– Arun Kumar Mishra, Director, National Smart Grid Mission (NSGM), India
– Zainal Arifin, VP, Technology Development & Standardization, Perusahaan Listrik Negara (PLN), Indonesia
– Ingo Birnkraut, CEO and Managing Director, RWE Technology International, Germany
– Alejandro Hernandez, Head of Renewable Integration and Secure Electricity Unit, International Energy Agency, France
– Narsingh Chaudhary, EVP & Managing Director, Power- Asia, Black & Veatch, Thailand
– Shinichi Yasuda, SVP, Structured and Corporate Finance, Development Bank of Japan
– Martin Angelov, SVP, Asia Pacific Project Finance, Korea Development Bank
– Ram Natarajan, CEO, APAC, Mainstream Renewable Power, Singapore
– Gu-Yoon Chung, Managing Director, ENEL Green Power, Singapore
– Mohd Yusrizal Mohd Yusof, Managing Director, TNB Renewables, Malaysia
– Shalabh Singhania, Director & Head of Portfolio Management, InfraCo Asia, Singapore
– Jitendra Nalwaya, Vice President, BSES Yamuna Power Limited, India
– Bert Deprest, Head of C&I and Renewables, ENGIE South East Asia, Singapore
– Virgil Beaston, CTO, Powin Energy, United States of America
– James Colbert, Regional Director – East Asia & Pacific, Digital Grid Solutions, Schneider Electric, Australia
– Philip Napier-Moore, Programme Leader, Renewable Power, East Asia, Mott MacDonald, Thailand
– Aman Modi, Partner, Boston Consulting Group, Singapore
– Marko Lackovic, Principal, Boston Consulting Group, Singapore
– Refi Kunaefi, Managing Director, Akuo Energy, Indonesia
– Achal Sondhi, APAC Market Director, Fluence, Singapore
– Francois Espinassous, Head of Advisory, Asia Pacific Project Finance, Korea Development Bank
– David Platt, Partner, Pinsent Masons, Singapore
– Robert de Groot, Energy Storage Specialist, Mott MacDonald, Singapore
– Rahul Gupta, Solution Leader and Associate Partner, McKinsey & Company, Singapore
– Stephen Woodhouse, Director, AFRY, United Kingdom
– Johanna Heckmann, Head of Charging Infrastructure, P3 Group, Germany

The POWER WEEK ASIA will feature 3 supplementary workshops addressing cutting edge topics with Real Examples and Case Studies, including Energy Storage, Renewable Power Purchase Agreement and Renewable Energy.

POWER WEEK ASIA is the most anticipated event, not to be missed!
Email Weslyn Lee to register your attendance now. For more information, please log onto www.power-week.com/asia .

About Infocus International Group

The organiser of POWER WEEK Conferences. Infocus International is a global business intelligence provider of strategic information and professional services for diverse business communities, designed to provide insights and to assist our clients on the global stage. The major knowledge-management companies strategically based in Singapore, independently researching and producing market-driven programmes across the region mainly in Asia Pacific, Middle East and Africa.

Infocus International recognises clients' needs and responds with innovative and result oriented programmes. All products are founded on high value content in diverse subject areas, and the highest level of quality is ensured through intensive and in-depth market research from local and international insights.

Any queries, please contact:
Weslyn Lee
Tel: +65 6325 0352 | Email: weslyn@power-week.com

To join the discussion:
LinkedIn Group: https://www.linkedin.com/groups/6985809
Twitter: @powerweeksummit
Official Website: www.power-week.com/asia

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