JE Cleantech Announces Voting Results Of Its Extraordinary General Meeting

SINGAPORE, Sep 5, 2023 – (ACN Newswire) – JE Cleantech Holdings Limited (NASDAQ: JCSE) today announced the results of the Company's Extraordinary General Meeting of Members (the "Extraordinary Meeting") held on August 29, 2023, at the Company's offices located at 3 Woodlands Sector 1, Singapore.

At the Extraordinary Meeting, the members approved and authorized a consolidation of the Company's Ordinary Shares ("Reverse Stock Split") of the Company's issued Ordinary Shares in a range from 1 for 1.5 to 1 for 10 Ordinary Shares (the "Range"). The Board of Directors may elect to either: (i) effect the Reverse Stock Split; or (ii) not effect the Reverse Stock Split; within the Range at any time during the next 12 months.

The Company may effect the Reverse Stock Split within the Range in order to regain full compliance with the Nasdaq Stock Market LLC's ("Nasdaq") share price listing rule ("Rule"). The Rule requires that the bid price for the Company's Ordinary Shares must close at $1.00 per share or more for a minimum of 10 consecutive business days during the compliance period ending October 28, 2023.

A Reverse Stock Split would reduce the total number of JCSE's issued and outstanding Ordinary Shares, which is expected to result in an increase in the trading price per share. The objective of the Reverse Stock Split, if effected, will be to ensure that the Company regains full compliance with the Rule and maintains its listing on Nasdaq.

About JE Cleantech Holdings Limited

JE Cleantech Holdings Limited is based in Singapore and is principally engaged in (i) the sale of cleaning systems and other equipment; and (ii) the provision of centralized dishwashing and ancillary services. Through its subsidiary, JCS-Echigo Pte Ltd, the company designs, develops, manufactures, and sells cleaning systems for various industrial end-use applications, primarily to customers in Singapore and Malaysia. Its cleaning systems are mainly designed for precision cleaning, with features such as particle filtration, ultrasonic or megasonic rinses with a wide range of frequencies, high-pressure drying technology, high flow rate spray, and deionized water rinses, which are designed for effective removal of contaminants and to minimize particle generation and entrapment. The Company also has provided centralized dishwashing services through its subsidiary, Hygieia Warewashing Pte Ltd, since 2013 and general cleaning services since 2015, both mainly for food and beverage establishments in Singapore. For more information about JE Cleantech, please visit our website: www.jecleantech.sg.

Disclaimer: Forward looking statements

This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. Forward-looking statements may be identified by such words or phrases as "should," "intends," "is subject to," "expects," "will," "continue," "anticipate," "estimated," "projected," "may," "I or we believe," "future prospects," "our strategy," or similar expressions. Forward-looking statements made in this press release that relate to our future contract revenues, among other things, involve known and unknown risks and uncertainties that may cause the actual results to differ materially from those expected and stated in this announcement. We undertake no obligation to update "forward-looking" statements.

For Media Enquiries and Investor Relations, please contact:
jcse@preciouscomms.com

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

BayWa r.e. Solar Trade Celebrates Milestone – Surpassing 1 Gigawatt Cumulative Sales in Thailand for 2023

BANGKOK, Sep 1, 2023 – (ACN Newswire) – BayWa r.e. Solar Trade, the solar trading arm of the global renewable energy developer, service provider and solar distributor, announced that the company surpassed a cumulative sale of 1 GW (gigawatt) of string inverters in Thailand for the first half year of 2023, making it a significant milestone for the region's top global distributor. The 1 GW of string inverter sales is equivalent to 200,000 units of 5 kW (kilowatt) inverters.

BayWa r.e. Solar Trade established its Southeast Asia presence in Thailand in 2017, expanding to the Philippines in 2019. Further expansion was made into Vietnam and Malaysia in the years that followed. BayWa r.e. Solar Trade, since its founding in the region, has been hugely successful and has become a leading player in solar distribution. As a trusted global distributor of top-tier solar brands and products in the solar industry, the business unit provides best-in-class products and services for solar players in residential, commercial/industrial and utility market segments.

Commemorating the milestone, Junrhey Castro, Managing Director, BayWa r.e. Solar Systems Corporation said, "I join the entire Solar Trade team in celebrating this great achievement. The amazing success would have not been possible without our customers who share the same vision with us.

"It's with great pride I say that this BayWa r.e. milestone will aid towards Thailand's net-zero targets," he added.

Solar in Southeast Asia is set to further grow in 2023. According to the Asian Photovoltaic Industry Association, the market is expected to expand by 13% in 2023, to 3.8 GW of new installations. Starting from 2024, a high pace of growth is expected across the region. Annual installations are forecasted to grow 32% to reach 5.1 GW in 2024, 59% to 8.1 GW in 2025 and 28% to 10.4 GW in 2026, finally hitting 13.3 GW of new additions in 2027, according to the APVIA and the GSC.

The region's top five markets are Thailand, Malaysia, Philippines, Vietnam and Indonesia.

BayWa r.e. AG (BayWa r.e.):

At BayWa r.e. we r.e.think energy – how it is produced, stored and can be best used to enable the global renewable energy transition that is essential to the future of our planet.

We are a leading global developer, service supplier, distributor and solutions provider and have brought over 5.5 GW of energy online and manage over 10 GW of assets. We are also an Independent Power Producer with an expanding energy trading business.

BayWa r.e. works with businesses worldwide to provide tailored renewable solutions. Operating 100% carbon neutral, we are also committed to our own sustainability journey.

Every day, we are working hard to actively shape the future of energy in a diverse, equitable and inclusive workplace.

Our shareholders are BayWa AG, a EUR27.1 billion global business, and Energy Infrastructure Partners, a leader in energy infrastructure investment.

Contact information:
PRecious Communications for BayWa r.e. AG
Li Wen Tan
Tel: +65 6303 0567
Email: baywa-re@preciouscomms.com

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

B20 India follow-on: Pertamina to develop Bioenergy-Based Fuels, toward Energy Independence

NEW DELHI, Aug 29, 2023 – (ACN Newswire) – Pertamina will continue to develop bioenergy-based fuels, using natural resources such as sugarcane, corn, cassava, and sorghum. "Our energy will eventually be bioenergy-based, as Indonesia has abundant resources," said Nicke Widyawati, President Director of Indonesia's Pertamina.

Prime Minister Modi addressing the B20 Summit India 2023 on Aug 27. Since taking the B20 mantle from Indonesia in December, 2022, India has worked with business leaders from all G20+ countries through seven task forces and two action councils.

Nicke Widyawati, President Director of PT Pertamina, as Co-Chair for the B20 Task Force on Energy, Climate Change and Resource Efficiency, ensures regional continuity and follow-on from the B20 Indonesia 2022 to B20 India 2023.

"I met with several Indian bioethanol tech representatives in New Dehli as our byproducts can be processed in Indian companies, to follow-up and align our efforts."

According to Nicke, the bioenergy development offers many benefits in accelerating the energy transition. "For Pertamina, bioenergy is not only about reducing emissions but also decreasing import dependency and creating job opportunities. When we promote plantations, we increase work for a significant amount of the workforce."

Pertamina sees that to enhance energy independence, it must optimize Indonesia's natural resources. "It's truly sustainable when we have resources," she explained.

Nicke, as Co-Chair for the B20 Task Force on Energy, Climate Change and Resource Efficiency ensures continuity in agendas for B20 Bali and B20 India. Firstly, new & renewable energy. Secondly, a fair and affordable transition. Thirdly, developing countries with large populations such as India and Indonesia, must provide equal access to clean and affordable energy.

"We cannot do it alone; no country can do it alone. Hence, global cooperation is vital. Pertamina itself has initiated several endeavors in the context of global cooperation for energy transition," Nicke affirmed.

Vice President of Corporate Communication at Pertamina, Fadjar Djoko Santoso, stated that Pertamina is increasingly dedicated to developing energy transition initiatives following global trends.

"Pertamina is pursuing energy transition to achieve national energy resilience, accessibility, affordability, acceptability, and sustainability. In the short term, energy transition will not disrupt energy resilience; on the other hand, it can achieve carbon emission reduction targets," said Fadjar.

Pertamina, as a leading company in the energy transition, is committed to supporting the Net Zero Emission 2060 target by continuously promoting programs that directly impact the Sustainable Development Goals (SDGs) achievement. All these efforts align with Environmental, Social & Governance (ESG) implementation across all Pertamina's business lines and operations.

Media Contact:
Fadjar Djoko Santoso
Vice President Corporate Communication
PT Pertamina (Persero)
M: +62 813-2063-0765
E: fadjar.santoso@pertamina.com

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

B20 India Summit: MSMEs Need Access to Funding and Technology to Accelerate Energy Transition

New Delhi, India, Aug 25, 2023 – (ACN Newswire) – The energy transition in Indonesia must involve MSMEs, which play a significant role in Indonesia's economic growth. Thus, access to funding and technology is necessary for MSMEs to fully perform their roles as providers of community needs and job opportunities, enabling rural communities to increase their income.

Oki Muraza, Senior Vice President, Research & Technology Innovation at PT Pertamina (L), during the Sustainability Summit B20 held in New Delhi, India (8/24). (Image: Pertamina)

In his presentation at the BNEF forum in New Delhi on August 24, 2023, Oki Muraza, Senior Vice President of Research & Technology Innovation of Pertamina, emphasized MSME involvement's importance in Indonesia's energy transition. He stated that community participation is vital in supplying the raw materials for low-carbon energy development. This process also creates job opportunities for the public while corporations benefit from carbon credits.

"The challenge lies in providing capital or funding and technology access to MSMEs, allowing them to effectively contribute to the energy transition and benefit both the community and corporations," said Oki.

As a developing country rich in natural resources, Indonesia encourages developed nations to provide funding to developing countries, enabling them to develop technology and its implementation with the assistance of countries that possess resources.

"Currently, there is a global economic gap between highly developed and developing nations. Highly developed countries have a GDP per capita of over USD 50,000, while developing countries like Indonesia have a GDP per capita of under USD 5,000. We hope this Capital Flow serves as a form of CBDR (Common but Differentiated Responsibilities)," added Oki.

Oki explained that by involving MSMEs in this energy transition, Indonesia aims to combine international aid, creating job opportunities for the public and benefiting companies in expediting the energy transition.

"We hope that the energy transition in Indonesia can serve as a role model for involving communities, generating employment opportunities, increasing rural incomes, and achieving a Nature-Based Solutions-guided energy transition," Oki stated.

Vice President of Corporate Communication of Pertamina, Fadjar Djoko Santoso, highlighted that MSMEs are the backbone of the national economy and a significant source of employment, underscoring their vital role in accelerating the energy transition.

"Pertamina has initiated the Desa Energi Berdikari program in 52 regions to provide access to renewable energy for MSMEs and communities, enabling them to become energy-independent," stated Fadjar.

Pertamina, as a leading company in the energy transition, is committed to supporting the Net Zero Emission 2060 target by continuously promoting programs that directly impact the Sustainable Development Goals (SDGs) achievement. All these efforts align with Environmental, Social & Governance (ESG) implementation across all Pertamina's business lines and operations.

Media Contact
Fadjar Djoko Santoso
Vice President of Corporate Communication
PT Pertamina (Persero)
M.: +62 813-2063-0765
E.: fadjar.santoso@pertamina.com

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Environmentally Friendly Clean Energy for a Prosperous Future

SYDNEY, AU, Aug 25, 2023 – (ACN Newswire) – Our lives are strongly connected to electric power. There are various ways to generate electricity, which can be broadly classified into two categories: fossil fuel-based energy and clean energy that utilizes nature. Among clean energy sources, solar power is the cleanest energy source on the planet today. Today, when it is difficult to live without electricity, solar power generation, which does not emit greenhouse gases, is attracting a great deal of attention.

Energy commonly used in our daily life

The electricity most commonly used today is generated by so-called "fossil fuels. As industry has evolved, the consumption of fuels has increased, bringing into sharp relief the problems of depletion of limited fossil fuels and environmental destruction.

When fossil fuels are used, "greenhouse gases" are emitted. This is the primary cause of "global warming," which we often hear about. There are concerns that global warming will cause the temperature of the entire planet to rise, resulting in abnormal weather, rising sea levels, and impacts on ecosystems and other factors.

This is why "clean energy" is attracting attention. Clean energy refers to energy that does not emit (or has reduced emissions of) greenhouse gases. The time has already come when we must generate power without relying on fossil fuels.

What can we do to reduce our dependence on fossil fuels?

The most efficient way to reduce dependence on fossil fuels is to use the clean energy of sunlight. However, solar power can only be generated while the sun is shining. Therefore, a power source that can store energy is needed. With solar panels and energy storage power sources, we can make clean energy more accessible and achieve our goals of saving energy and reducing greenhouse gas emissions at the same time. The power source using safe and secure lithium-ion iron phosphate batteries and solar panels with high power generation efficiency will make the future we imagine brighter. We must start now to do what we can do for the future and for the earth.

BLUETTI, a leading provider of this power source, makes it easy to use clean solar energy. It offers powerful off-grid energy solutions for everyone, no matter how far away from the grid they live. Tom Phease, who lives on a remote farm in southern Australia, uses the BLUETTI AC300+B300 system to store solar energy for his off-grid living. He sees this modular power station as a handy weapon to power his home and fieldwork, and in the future plans to support his chicken house with solar power. "BLUETTI is portable it's modular it's pretty reliable and it's there for need and it's going to be a big help as far as looking after the farm." Tom said in a video and expressed his preference for BLUETTI products. He even gifted a small BLUETTI generator to his friend Sarah to help her reduce electricity bills.

By using the clean energy of solar power, we can protect the blue planet we live on. We need to reduce greenhouse gas emissions by using clean energy in our daily lives so that our future children can live on a beautiful planet.

In addition to the AC300 system, BLUETTI also provides a range of portable and home power solutions to harness the power of the sun. The AC200P and AC200MAX+B230, for example, are popular models that help homeowners and outdoor enthusiasts alike make more use of renewable energy in their daily lives. Dedicated to delivering reliable and eco-friendly power solutions for all, BLUETTI will continue to live up to the principles it stands for and strive for a brighter future.

About BLUETTI

BLUETTI has been committed to promoting sustainability and green energy solutions since its inception. By offering eco-friendly energy storage solutions for both indoor and outdoor use, BLUETTI aims to provide exceptional experiences for our homes while also contributing to a Sustainable future for our planet. This commitment to sustainable energy has helped BLUETTI expand its reach to over 100 countries and gain the trust of millions of customers worldwide.

Contact: Amanda Yan
email: pr@bluetti.com

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Erez Capital Makes Investment in Curio Converting Nuclear Waste into Sustainable Energy

BOSTON, Aug 25, 2023 – (ACN Newswire) – Erez Capital, a rising star in the venture capital arena with a firm focus on disruptive technologies, is thrilled to announce a strategic investment of $100,000 in Curio, an avant-garde deeptech startup. Curio stands at the vanguard of nuclear technology innovation, pioneering the develop and commercialization cutting-edge technologies that are aimed at converting nuclear waste into safe and sustainable energy sources.

"Throughout Erez Capital's journey, I've had the privilege of engaging with numerous startups. Among them, Curio shines as a company positioned to reshape the renewable technology landscape. Beyond mere concepts, Curio boasts an established patented process with a clear path to commercialization, led by a dedicated workforce, a distinguished board of experts, and visionary leadership. Together, they're propelling the company toward unparalleled heights within this industry," shared Michael Benezra, the Managing Director and Founder of Erez Capital.

Curio's breakthrough hinges on its patented nuclear waste recycling technology NuCycle, which effectively addresses the longstanding challenges of the light-water reactor fuel cycle. The company has secured substantial investments, including vital support from the Department of Energy's ARPAe program, as well as continued investments from Synergos Holdings (www.synergosholdings.com) – a distinguished deeptech accelerator based in New York, led by visionary founders Rabbi Yechezkel Moskowitz and Yehudah Moskowitz.

Under the adept leadership of President and CEO Ed McGinnis, a former Executive Director of the President's Council of Advisors on Science and Technology (PCAST) and Acting Secretary for Nuclear Energy at the U.S. Department of Energy (DOE), Curio is ushering in a new era of nuclear recycling and energy transformation.

About Erez Capital:

Erez Capital is an early-stage venture capital firm in Boston, investing in seed-stage startup companies at the forefront of digital transformation. For more information, visit https://ErezCapital.io.

About Curio

Curio is a leading deeptech startup dedicated to revolutionizing the energy landscape through its groundbreaking nuclear waste recycling technology NuCycle. By converting nuclear waste into secure and renewable energy resources, Curio is determined to shape a cleaner and more sustainable future. Guided by the expertise of President and CEO Ed McGinnis, a distinguished luminary in the field of nuclear energy, Curio is poised to redefine how we approach energy generation and waste management. For more information, visit https://curio.energy.

For media inquiries, please reach out to:
Michael Benezra
mbenezra@erezcapital.io

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Pertamina’s Steps in Facing Global Energy Challenges

New Delhi, India, Aug 24, 2023 – (ACN Newswire) – After the severe impact of the Covid-19 pandemic, the world is once again confronted with geopolitical tensions in Eastern Europe, giving rise to new challenges such as price volatility, supply scarcity, security issues, and economic uncertainties that contribute to the global energy crisis.

Oki Muraza, Senior Vice President, Research & Technology Innovation at PT Pertamina (2-L), during the Sustainability Summit B20 held in New Delhi, India (8/22). (Image: Pertamina)

Oki Muraza, PT Pertamina, explained that political tensions in Europe have led to dangerous increases in energy prices, posing a threat to energy security and resilience in countries like Indonesia.

Oki Muraza, Senior Vice President, Research & Technology Innovation at PT Pertamina (Persero), explained that the political tensions in Europe have led to dangerous increases in energy prices, posing a threat to energy security and resilience in Indonesia.

"So, we must strive to enhance our energy resilience while working to achieve sustainability goals. How can we reduce emissions and increase the volume of green energy businesses, environmentally friendly electricity, and more," said Oki Muraza during the Sustainability Summit B20 held in New Delhi, India (8/22).

According to Oki, before the geopolitical crisis, Europe was one of the leaders in transitioning toward sustainability. However, with the decline in energy security, where Europe is once again importing energy sources like coal, there's a shift in the energy mix that affects the world.

To anticipate this, developing countries like Indonesia and India with lower incomes should collaborate with advanced nations, primarily in capital or financing.

"Collaboration is crucial to address this issue. We have some examples, such as partnering with Japan for CO2 Injection in the Jatibarang field and later in the Sukowati field. Pertamina will continue to expand collaborations, involving substantial international funding, to support the energy transition in Indonesia," he added.

Furthermore, Oki emphasized that technology development is key in the energy transition, as it improves economic viability. Within the Pertamina Group, there are eight initiatives divided into three blocks.

Firstly, Pertamina's efforts to generate green energy, sourced from geothermal power, reached 672 Megawatts under its management and 1.2 GW in partnership. Besides producing environmentally friendly electricity, Pertamina in the geothermal fields is also developing Green Hydrogen, which holds great potential for export markets.

Secondly, Variable Renewable Energy, such as solar PV, changes over time. These variable RE sources should be integrated with the Grid and Energy storage, commonly known as batteries.

The third block involves harnessing the abundant energy resources in Indonesia, such as rainfall, solar radiation, and biomass. These resources are processed simultaneously. Some could become vegetable oil, green diesel, or bioethanol mixed with gasoline.

"How can we refine them into lower-emission fuels, utilizing the current infrastructure with lower emissions," Oki explained.

In line with this, Valentin de Miguel, Senior Managing Director of Growth & Strategy Lead Growth Market, explained to address global energy challenges, developing countries must earnestly focus on implementation and execution.

"Therefore, it's imperative to drive innovation, research, and analysis of alternative fuel technology reliability, like hydrogen, ammonia, and especially carbon capture. These three major technologies are essential for progress," Miguel stated.

Pertamina, as a leading company in the energy transition, is committed to supporting the Net Zero Emission 2060 target by continuously promoting programs that directly impact the Sustainable Development Goals (SDGs) achievement. All these efforts align with Environmental, Social & Governance (ESG) implementation across all Pertamina's business lines and operations. www.pertamina.com.

Media Contact
Fadjar Djoko Santoso
Vice President of Corporate Communication
PT Pertamina (Persero)
M. : +62 813-2063-0765
E. : fadjar.santoso@pertamina.com

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Pertamina’s Innovations Support Energy Transition in Indonesia

New Delhi, India, Aug 23, 2023 – (ACN Newswire) – As a state-owned energy company, PT Pertamina (Persero) continues to develop technological innovations for operational decarbonization to support Indonesia's energy transition. This commitment was emphasized by Oki Muraza, Senior Vice President of Research & Technology Innovation of Pertamina, during his participation in the B20 Sustainability Summit in New Delhi, India, from August 22 to 27, 2023.

Pertamina's Oki Muraza, Senior Vice President of Research & Technology Innovation, during the B20 Sustainability Summit in New Delhi, India, from August 22 to 27, 2023. [Image: Pertamina]

Oki Muraza explained that Pertamina's operational decarbonization is focused on Carbon Capture Utilization and Storage (CCUS/CCS) technology development and Biofuel. [Image: Pertamina]

Oki Muraza explained that Pertamina's operational decarbonization is focused on the Carbon Capture Utilization and Storage (CCUS/CCS) technology development and Biofuel. "Pertamina has the initiative to implement CCS or CCUS through CO2 injection technology, first applied at the Jatibarang Field in West Java. This technology could enhance oil and natural gas production through CO2-EOR while significantly reducing greenhouse gas emissions," stated Oki.

Oki continued that in addition to carbon capture and utilization technology to support the energy transition, Pertamina is also committed to developing Bio Refineries or Green Refineries to produce more environmentally friendly fuels. 'These green refineries process renewable raw materials such as palm oil (RBDPO) and used cooking oil (UCO)," he added.

Currently, according to Oki, Pertamina's operational Bio Refineries include the Cilacap Bio-Refinery and Dumai Bio-Refinery, which produce HVO (Hydrotreated Vegetable Oil), Green Gasoline, and the Plaju Bio-Refinery and Cilacap Bio-Refinery, Green Diesel at the Dumai Bio-Refinery, as well as Green AvturJ2 at the Cilacap Bio-Refinery.

"We also aim to implement bioethanol, using various raw materials, including waste from palm oil such as Oil Palm's Empty Bunches," Oki added.

According to Oki, the Covid-19 pandemic and geopolitical tensions have significantly impact global energy price volatility, supply shortages, security issues, and economic uncertainties, causing a shift in the short-term focus of energy transition towards energy resilience.

"While developed countries focus on sustainability, developing countries prioritize energy security and affordability, as they act as catalysts for economic growth," he conveyed.

Pertamina, as a leading company in the energy transition, is committed to supporting the Net Zero Emission 2060 target by continuously promoting programs that directly impact the Sustainable Development Goals (SDGs) achievement. All these efforts align with Environmental, Social & Governance (ESG) implementation across all Pertamina's business lines and operations.

Media Contact;
Fadjar Djoko Santoso
Vice President of Corporate Communication
PT Pertamina (Persero)
M. : +62 813-2063-0765
E. : fadjar.santoso@pertamina.com

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

ICDX Group Facilitates Initial Trade of Renewable Energy Certificates (REC)

JAKARTA, Aug 22, 2023 – (ACN Newswire) – Indonesia Commodity & Derivatives Exchange Group (ICDX Group), through its entity Indonesia Climate Exchange (ICX), officially facilitated the initial trading of Renewable Energy Certificates (REC). This first voluntary REC trade carried out by ICX was sourced from Geothermal Power Plants and also Micro Hydro Power Plants.

This initial trade includes a REC transaction of 1.050 MWh, with an opening price of IDR 35,000 and an auction closing price of IDR 38,000, an increase of 8.57%. This trade is proof that market participants can trade market-based climate instruments through an effective, efficient, open platform, as proven by higher auction closing prices, driven by increased demand.

Renewable Energy Certificate (REC) is a certificate that proves that electricity production per megawatt hour (MWh) comes from non-fossil power plants, such as hydropower, wind power, solar power, geothermal or bioenergy-based plants. REC trading that occurs on ICX can be a market-based solution to provide economic incentives to market players and renewable energy investors.

Nursalam, CEO of ICDX Group said, "By using the platform at ICX, industry players will be provided with convenience in terms of market access, as well as accountable and transparent trading. This certainly opens up space for corporations to be able to make the transition towards low-carbon operations. ICDX Group will continue to push for decarbonization efforts through the democratization of carbon trading. Our hope, of course, is that what we have implemented in the future can be replicated for other climate instruments such as carbon trading on a wider scale."

Nursalam added, "Of course we really appreciate those who have participated in the decarbonization program through the REC trade. This shows that the responsibility towards low carbon emissions is our shared responsibility. For now, several corporations that have participated are PT Agrodana Futures, PT Phillip Futures, PT Victory International Futures, PT Magnet Berjangka Indonesia, PT Rajawali Kapital Berjangka, PT Handal Semesta Berjangka, and several other entities. In the future, we will continue to invite various parties to participate in this program."

Megain Widjaja, CEO Indonesia Climate Exchange (ICX) said, "The REC transaction by the ICX has undergone a rigorous trial and alignment phase. This phase adhered to global standards in terms of technology and ecosystem. ICX is dedicated to expanding the range of climate instruments available on our platform. Our goal is to become the preferred choice for both government and industry players looking to transition towards low-carbon operations."

By engaging in this REC transaction, the Indonesia Climate Exchange has the potential to establish itself as a pioneering platform for climate instrument trading. This includes the widespread implementation of carbon trading and facilitating the adoption of various industries throughout Indonesia. The development of climate instrument trading necessitates collaboration between stakeholders and the government to effectively Development related to trade in climate instruments requires synergy between actors and the government in order to achieve the unconditional Nationally Determined Contribution (NDC) target of 31.89% and conditional target of 43.2% with the Business as Usual (BaU) mechanism in 2030 in efforts to reduce emissions carbon. "We invite all stakeholders to jointly make efforts to reduce carbon emissions," added Megain.

The trading of the Renewable Energy Certificate (REC) has been in existence since 2014. This was a result of the RE100 movement initiated by a consortium of major global corporations with the objective of achieving complete reliance on renewable electricity consumption. The set goals for renewable energy consumption include reaching a minimum of 30% by 2020, 60% by 2030, 90% by 2040, and ultimately achieving full utilization of renewable energy sources by attaining a target rate of 100% in 2050.

About the ICDX Group:

The Indonesia Commodity & Derivatives Exchange Group (ICDX Group) is a trading ecosystem consisting of the Commodity Exchange (ICDX), the Indonesian Clearing House (ICH), ICDX Bonded Logistics (ILB) and the Indonesia Climate Exchange (ICX). ICDX Group facilitates transactions of various types of commodities, finance and climate, which was established in 2009. ICDX Group has a vision to modernize trade and financial infrastructure through a commodity trading system ecosystem and market deepening through derivative contracts. Visit: https://www.icdx.co.id/

About Indonesia Climate Exchange (ICX):

Indonesia Climate Exchange (ICX), a part of the ICDX Group, was established to aid the government's mission of decreasing carbon emissions. It specializes in trading climate instruments and aims to make decarbonization accessible for all industry participants through convenient transactions, diverse product options, and transparent accountability. This enables businesses to seamlessly transition to low-carbon operations by utilizing Indonesia Climate Exchange services. Visit: https://www.climateexchange.id/

For further Information:
P Giri Hatmoko
Indonesia Commodity & Derivatives Exchange (ICDX) Group
Tel: +62 21 30027788
www.icdx.co.id

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Thinking of Buying a Battery to Help Power Your Home? Here’s What You Should Know

SYDNEY, AU, Aug 18, 2023 – (ACN Newswire) – Are you tired of fluctuating energy prices and unexpected power outages? It might be time to consider a home battery system. These energy storage solutions offer a range of benefits that can enhance your energy independence and financial savings. In this article, we'll delve into the essentials of home battery systems, explore why they're worth your consideration, and highlight key factors to keep in mind when making your decision.

Advantages of Home Battery Systems

Factors to Consider When Buying a Home Battery System

Understanding Home Battery Systems

In a nutshell, a home battery system is a clever energy storage solution housed within your abode. It can store energy from the grid or your solar setup, reserving it for later use during peak energy demand time or when the lights unexpectedly go out. The battery systems, such as BLUETTI's AC Series, boast advanced LiFePO4 batteries that last over 3,500 cycles before reaching 80% of their original capacity.

Constant Power Supply

Imagine a scenario where the lights suddenly go out due to a grid failure. In such moments, a home battery system can be your lifeline, powering essential devices like refrigerators, medical equipment, and communication devices seamlessly. Some systems, like the BLUETTI AC300 system, operate as responsive uninterruptible power supplies (UPS), instantly delivering electricity within a few milliseconds of a power outage.

Reduce Energy Bills

Through a process known as peak load shifting, home battery systems charge during off-peak hours when energy rates are lower and discharge when demand-and consequently prices-peak. By tapping into stored energy during peak hours, you can significantly reduce your energy costs. Moreover, if your home is installed with solar panels, a home battery system, such as the BLUETTI AC300+B300 system, can harness free solar energy and store excess power at a maximum rate of 2,400W for later use.

Empowering a Sustainable Tomorrow

Embracing a home battery system isn't just about financial benefits; it's also a step towards a greener future. By pairing a home battery with solar panels, you can capture and store clean and renewable solar energy, reducing your carbon footprint and environmental impact.

Household Energy Needs

Understanding your household's energy usage patterns is the first step in choosing the right home battery system. Start by assessing your daily electricity usage. Consider the appliances and devices you use regularly, such as refrigerators, air conditioners, heaters, and electronics. If you have solar panels installed, factor in the amount of energy they generate during the day. This analysis will help you determine the battery capacity needed to effectively meet your energy needs.

Battery System Capacity

Home battery systems come with varying storage capacities, typically measured in kilowatt-hours (kWh). Choose a system that aligns with your energy needs. For example, if you're expected to have short blackouts, power stations around 2kWh like BLUETTI AC200P and AC200MAX can keep your essentials charged. For higher energy demands or longer outages, you could add additional B230 batteries to complement the AC200MAX, or simply opt for a customizable energy storage, such as the AC300. The modular system allows for a flexible capacity ranging from 3,072Wh to 12,288Wh to get you through multi-day power cuts.

Installation and Maintenance Costs

When considering a home battery system, assess both the upfront installation costs and potential ongoing maintenance expenses. Installation costs can vary based on factors such as the installation process, the size of the battery system, and any additional equipment required. Obtain quotes from reputable installation professionals and budget for any periodic servicing or potential component replacements.

Electricity prices are on the rise. With a reliable BLUETTI home battery system, you can reduce your energy bills and take advantage of free, clean solar energy.

About BLUETTI

BLUETTI has been committed to promoting sustainability and green energy solutions since its inception. By offering eco-friendly energy storage solutions for both indoor and outdoor use, BLUETTI aims to provide exceptional experiences for our homes while also contributing to a sustainable future for our planet. This commitment to sustainable energy has helped BLUETTI expand its reach to over 100 countries and gain the trust of millions of customers worldwide.

Contact:
Amanda Yan
Email: pr@bluetti.com

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