Karbon-X Corp. (OTCQX:KARX) (“Karbon-X” or the “Company”), a vertically integrated climate solutions company, today announced that it has filed its Form 10-K with audited financial results for the fiscal year ended May 31, 2025.
Operational and Strategic highlights for Fiscal Year 2025
Completed the acquisition of ALLCOT Group, expanding Karbon-X’s global footprint and integrating world-class expertise.
Launched trading operations, marking a critical milestone in validating the Company’s business model and initiating its revenue-generating activities.
Entered landmark partnerships with major energy producers and with the BK Dukes, reflecting strong market confidence in Karbon-X’s vision and capabilities.
Financial Highlights for Fiscal Year 2025
Revenue surged to $3.16 million, up from $0.41 million in the prior year, marking the first full year of active carbon credit trading.
Recognized $3.86 million in deferred revenue from forward carbon credit contracts, including contracts acquired through the ALLCOT transaction.
The ALLCOT acquisition expanded Karbon-X’s verified emissions pipeline and positioned the Company for multi-jurisdictional credit monetization.
Entered revenue-generating agreements with major energy producers and the BK Dukes, contributing to $3.79 million in receivables from forward carbon credit sales.
“2025 was a pivotal year for Karbon-X, marked by the acquisition of ALLCOT Group, the launch of our trading operations, and new partnerships that strengthened our position in the global carbon market. These achievements are reflected in our financial results, which highlight both the momentum we’ve built and the foundation we’ve established for long-term growth. We are confident in our strategy and committed to delivering lasting value for shareholders and the planet.” – Chad Clovis, CEO of Karbon-X
Looking Ahead
The Company intends to continue to execute on its growth strategy, with a focus on expanding its role in both compliance and voluntary carbon markets, advancing new partnerships, and scaling its portfolio of climate solutions. Management believes Karbon-X is well-positioned to capitalize on increasing demand for trusted climate solutions and to deliver long-term value for shareholders.
About Karbon-X
Karbon-X Corp. (OTCQX:KARX) is a vertically integrated climate solutions company delivering end-to-end climate solutions across both compliance and voluntary markets. From project origination and emissions quantification to third-party verification, credit issuance, and market distribution, Karbon-X ensures transparency and impact at every step. Karbon-X makes trusted climate action accessible not only to businesses and institutions, but also to individuals and everyday people who want their choices to create lasting impact.
Forward Looking Statement
This news release contains forward-looking statements, including but not limited to expectations related to Karbon-X Corp.’s financial performance, business strategy, growth plans, and market positioning. These statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially. Forward-looking statements are subject to change, and Karbon-X Corp. assumes no obligation to update them, except as required by law.
For the third consecutive year, Karbon-X (OTCQX:KARX) and the Banff Half Marathon have partnered to take meaningful, measurable climate action that reflects the natural values of the Rockies.
This year’s race included verified climate contributions covering the event’s footprint, along with voluntary contributions made by runners at registration. By choosing an optional add-on at checkout, participants were able to make a personal impact, integrating climate action directly into their race experience.
The story behind this effort is as local as it is global. Banff has long lived in rhythm with nature, from the early hydro stations that powered mountain towns to campfires that bring people together after a day outdoors. The climate contributions made through this partnership echo that legacy, supporting clean energy and sustainable heat in communities worldwide, just as Banff has done for generations.
“Partnering with Karbon-X has given us a meaningful way to align our race with the values of the community” said Paul Regensburg, Race Director of the Banff Half Marathon. “Our runners care about protecting the places they love, and this partnership helps turn that care into action.”
“The Karbon-X collaboration with the Banff Half Marathon is built on a shared commitment to protecting the pristine environment that makes this race a world-class destination,” said Matt Kauffman, EVP of Sports & Entertainment at Karbon-X. “We’re proud to provide runners with a simple, effective way to balance their environmental impact. At its core, this partnership is about taking collective responsibility for our footprint, safeguarding the beauty of Banff, and advancing a shared vision for a sustainable future, helping competitors run for a purpose that is larger than the race itself.”
Through 2027, Karbon-X continues its role as the Banff Half Marathon’s Sustainability Partner, working together to minimize impact and inspire collective action among participants and the broader community.
To learn more about this year’s contributions and impact, visit: www.karbon-x.com/banff-marathon-2026
About Karbon-X
Karbon-X Corp. (OTCQX: KARX) is a vertically integrated climate solutions company delivering end-to-end climate solutions across both compliance and voluntary markets. From project origination and emissions quantification to third-party verification, credit issuance, and market distribution, Karbon-X ensures transparency and impact at every step. Karbon-X makes trusted climate action accessible not only to businesses and institutions, but also to individuals and everyday people who want their choices to create lasting impact.
The Banff Half Marathon is Canada’s most breathtaking running experience, welcoming thousands of runners each June to one of the world’s most iconic landscapes. With a growing commitment to sustainability, the event celebrates personal achievement and environmental stewardship in equal measures.
For the first time in human history, the invisible has been given an equation. A milestone in physics and material science has been reached: the Master Formula of Neutrinovoltaics now describes the conversion of unseen radiation spectra into usable electrical energy. Rooted in Nobel Prize-winning discoveries, peer-reviewed experiments, and breakthroughs in advanced materials, this achievement stands as a historic step toward clean, decentralized, and baseload-capable energy.
Washington, D.C., Sept 9, 2025 – (ACN Newswire) – The formula does not rely on neutrinos alone, but on the combined resonance of the entire invisible spectrum of cosmic and terrestrial radiation. Within multilayer graphene-silicon structures, these fluxes awaken micro-vibrations that cascade into electron flows. It is a process mathematically calculable, physically verifiable, and now proven industrially scalable.
The equation unites five decisive parameters: radiation flux density, scattering cross-section, momentum transfer, phonon velocity, and conversion efficiency. Together, they provide a rigorous scientific framework that elevates neutrinovoltaics from theoretical vision to practical reality.
Acknowledgment of Global Scientific Collaboration
The Neutrino® Energy Group expresses its profound gratitude to the countless scientists and institutions whose work, whether knowingly or unknowingly, has contributed to what we present today: the Master Formula of Neutrinovoltaic Technology.
Every experiment, every theoretical model, every material innovation has been a stone laid in the path. Many of those who placed these stones could never have foreseen that their findings would converge into an entirely new form of energy. Yet through this vast web of knowledge, scattered across decades and continents, this moment has become possible.
We extend our deepest thanks to leading institutions whose voices have shaped this global symphony: Max Planck Society, Fraunhofer Institutes, Helmholtz Association, CERN, ETH Zurich, École Polytechnique, Imperial College London, Cambridge and Oxford, JUNO in China, Tsinghua and Peking Universities, Kyoto and Osaka Universities, University of Tokyo, IIT network and Tata Institute of India, C-MET Pune, Fermilab, Brookhaven, MIT, Stanford, University of California, NREL, University of São Paulo, Rio de Janeiro, Moscow State University, JINR Dubna, ICTP Italy, African Institute for Mathematical Sciences, and many nanotechnology and materials science laboratories worldwide.
To each of them-whether they pursued neutrino physics, material science, electronics, or mathematics-their work has knowingly or unknowingly become part of this collective achievement. To many, it may not have been clear at the time how decisive their findings would become for the birth of a new energy age. Today, we affirm that their contribution is invaluable, and we honor it with the deepest respect and gratitude.
The Master Formula
For the first time, a consolidated equation has been published that describes the conversion of invisible radiation spectra into usable electrical energy: P = ∫ Φ(E,θ) · σ(E) · Δp · v_ph · η_conv dE dθ
This equation unites the flux density of invisible radiation spectra, the scattering cross-section, the momentum transfer, the phonon velocity in the lattice, and the conversion efficiency of graphene-silicon structures. It provides a rigorous framework, mathematically calculable, physically verifiable, and industrially scalable.
Holger Thorsten Schubart, CEO of Neutrino® Energy Group, stated: “This Formula and the technology it represents are not the work of one company, but the culmination of global human effort. It is both a gift to humanity and a responsibility to ensure that the benefits of clean, decentralized, and baseload-capable energy reach people everywhere.”
Closing Appeal
The global demand for energy will rise to unprecedented levels in the decades to come. Humanity cannot afford to ignore any pathway that leads to affordable, clean, and dependable energy. Neutrinovoltaics is the product of interdisciplinary collaboration-physics, mathematics, material science, and engineering woven together into a universal form of energy no one could have imagined only a few years ago.
What began as isolated insights has converged into a vision of energy that transcends borders, disciplines, and generations. It is a reminder that the future will be shaped not by the limits of today, but by the courage to move beyond them.
“We make energy affordable and sustainable. We are realistic, but demand the impossible. We believe that with enough ingenuity the impossible becomes the inevitable.”
About Neutrino® Energy Group
The Neutrino® Energy Group is an internationally operating science and technology enterprise. Based on discoveries in particle physics, the Group develops neutrinovoltaic technology, the conversion of invisible radiation spectra into electrical energy. Its work spans theoretical physics, advanced material research with graphene and silicon, and the development of electronics for energy conversion and storage.
The vision: clean, decentralized, and baseload-capable energy for all people, in every place, for generations to come.
Contact Information Holger Thorsten Schubart CEO and member of the Scientific Advisory Board office@neutrino-energy.com +493020924013
HONG KONG, Sep 8, 2025 – (ACN Newswire) – Sigenergy updated its prospectus on the Hong Kong Stock Exchange. According to the updated prospectus, Sigenergy has turned profitable in 2024. Annual sales revenue of 2024 surpassed RMB 1.3 billion (approximately USD 182.3 million), marking a 22.8-fold increase from 2023, while adjusted net profit exceeded RMB 150 million (approximately USD 21.0 million). In the first four months of 2025, the company generated RMB 1.21 billion (approximately USD 169.7 million) in revenue, with adjusted net profit achieved more than RMB 400 million (approximately USD 56.1 million).
Outstanding Performance, Profitability Achieved in Three Years
The latest financial results disclosed in the prospectus once again highlight the company’s strong execution. In 2024, it recorded annual revenue of RMB 1.33 billion (approximately USD 186.5 million) and an adjusted net profit of RMB 150 million (approximately USD 21.0 million). From January to April 2025, revenue reached RMB 1.21 billion (approximately USD 169.6 million), while adjusted net profit had already surpassed RMB 400 million (approximately USD 56.1 million). This sustained high growth demonstrates the resilience of the company’s business model and its long-term growth potential.
The driving force behind this performance is the company’s flagship product, SigenStor. The data shows that sales of the product surged from 18 MWh in 2023 to 447 MWh in 2024, representing an almost 25-fold increase. Strong market demand directly translated into revenue growth, with revenue in the first four months of 2025 hitting RMB 1.206 billion (approximately USD 169.1 million) – more than 5.6 times the RMB 182 million (approximately USD 25.5 million) recorded in the same period of 2024. SigenStor has secured leading residential market share in countries such as Australia, Ireland, Sweden, the Netherlands, and Belgium, setting a record for the fastest path from zero to No. 1 market share in developed economies for a new brand.
This explosive growth not only reflects strong market recognition of SigenStor products and services, but also highlights the company’s strategic positioning in the global new energy industry, which continues to deliver commercial value.
Premium Market Positioning, Value-Driven Global Growth
Since its inception, Sigenergy has adopted a premium positioning strategy. Although the energy storage industry is expanding rapidly, many companies in this fiercely competitive market seek to gain share by cutting hardware costs and lowering prices. While such products may boost short-term shipments, they often come at the expense of safety, reliability, and long-term returns.
SigenStor is an energy storage product for the premium market. It is the world’s first AI-powered flagship “5-in-1” energy storage system (ESS) solution, integrating high functionality with a five-layer battery safety protection system, and pioneering the introduction of AI energy management and dynamic tariff scheduling. Compared to low-price competitors, SigenStor holds a clear advantage in performance, safety, user experience, and the entire product lifecycle.
This strategic choice also aligns perfectly with the market structure. According to the prospectus, Europe, APAC (excluding mainland China), and Africa are Sigenergy’s main sources of revenue, with their revenue shares in 2024 being 60%, 19.7%, and 12.9% respectively. As of April 30, 2025, the top three markets accounted for 61.3%, 23.3%, and 11.5%.
The European market is a mature and premium energy market. The company has precisely targeted medium-to-high-end users from residential homes and industrial and commercial facilities, providing reliable, safe, and efficient energy management solutions with its technologically advanced SigenStor, winning over a large number of long-term clients and quality projects. In Australia, Sigenergy has achieved rapid growth. According to SunWiz data, in March 2025, Sigenergy first topped the Australian residential energy storage market and has held the leading position for five consecutive months, with its market share rising to 31.4% in May, more than double that of the second-place brand. With the ongoing promotion of the “Cheaper Home Batteries Program” subsidy policy in Australia, Sigenergy is expected to further boost sales. In South Africa, product growth has also been rapid, driven by strong demand for on- and off-grid switching. Customers in these regions not only have strong purchasing power but also place higher demands on the safety, intelligence, and the entire product lifecycle – areas where Sigenergy’s offerings align precisely with their core concerns.
This targeted strategy has enabled SigenStor to achieve excellent sales performance and stable profits in each major market, while also avoiding the price competition pressure of the low-end market. By precisely targeting high-value customer groups and combining technologically advanced product performance with intelligent services, Sigenergy has not only strengthened its premium brand image but also established a foundation for sustainable profitability in the global market.
AI-Powered, Software-Hardware Synergy Leading the Energy Revolution
Sigenergy has always regarded product innovation as its core driving force. SigenStor redefines industry benchmarks with multiple “industry-first” innovations. On the hardware front, SigenStor, seamlessly integrates a solar inverter, EV DC charger, Power Conversion System(PCS), battery pack, and Energy Management System (EMS) with a modular, stackable product design, making it the most integrated energy storage product in the industry. Combined with the company’s self-developed energy backup cabinet and optimization algorithms, SigenStor execute rapid on- and off-grid switching. Meanwhile, the company pioneered the bi-directional EV DC charging module for V2X applications, enabling electric vehicles to supply power back to home appliances and the grid, further enhancing energy flexibility.
On the software front, Sigenergy empowers the intelligent transformation of the solar and storage industry through AI technology, building a moat that is difficult for peers to replicate. The company’s self-developed mySigen App is one of the most intelligent energy management platforms in the industry, being the first to integrate the GPT-4o model, achieving the commercial application of AI in the energy sector. The system collects and analyzes massive energy data in real time, automatically identifies potential issues and optimizes operating parameters, not only predicting equipment failures but also dynamically adjusting supply and demand to achieve intelligent dispatch. Through AI-driven dynamic electricity price optimization, SigenStor intelligently adjusts charging and discharging strategies based on electricity price fluctuations, charging in power valley periods and discharging in power peak periods, significantly reducing electricity costs. Meanwhile, Sigen Cloud has completed integration with leading VPP systems in Sweden, the Netherlands, Australia, and other countries, automatically obtaining real-time electricity price data from over 60 utility companies across more than 20 countries, further enhancing intelligent dispatch capabilities.
From the world’s first 5-in-1 ESS solution, to C&I ESS solution, and to the newly launched residential hybrid inverters and microinverters, Sigenergy continues to expand its distributed energy solution matrix, forming a complete product line covering diverse application scenarios. Since their launch, the new products have received an enthusiastic market response, not only further enhancing the company’s competitiveness in the distributed energy solutions sector but also providing channel partners and end-users with more choices. Simultaneously, Sigenergy has fully empowered all types of hardware products with its self-developed AI capabilities, covering the entire chain of power generation, energy storage, consumption, and dispatch, achieving smarter energy management, higher efficiency, and safer operation. With the significant advantage of “hardware-software integration,” Sigenergy’s product portfolio continues to receive high recognition and widespread acclaim in the global market.
While most peers are still exploring the feasibility of combining AI with energy, Sigenergy has already transformed technological innovation into tangible commercial outcomes, demonstrating its leading position in the intelligent solar and storage sector. This innovative model not only enhances energy utilization efficiency, but also elevates the user energy experience.
Mooreast Holdings Ltd. (“Mooreast” or the “Group”) said today that it has partnered with Norway-based GeoProvider AS (“GeoProvider”) to strengthen capabilities in offshore data analysis and enhance its value proposition to the floating offshore renewable energy market.
Through their Framework Agreement, Mooreast will tap into GeoProvider’s extensive geotechnical and geophysical database to accelerate data analysis and support larger, more complicated projects. Both parties will also collaborate on offshore wind projects as the floating renewable market transitions towards the commercialisation phase.
SGX Catalist-listed Mooreast, a total mooring solutions specialist, has been offering geotechnical and geophysical studies, such as soil data analysis to determine project feasibility and engineering design for mooring configurations. The Group is also Asia’s only ultra-high power anchor manufacturer.
Headquartered in Stavanger, Norway, GeoProvider provides geophysical data and geotechnical services for global clients involved in offshore wind, energy exploration and carbon capture and storage. Its team of world-class specialists and cutting-edge technology offers consultancy, advisory, and engineering for subsurface projects.
Mr Eirik Ellingsen, CEO of Mooreast, said, “The agreement with GeoProvider reflects our strategy to build strong partnerships that add value to our clients and increase our capability to take on larger and more complex projects. GeoProvider’s strong track record complements our core competencies as a mooring specialist, allowing us to better meet the demands of the global offshore market.”
In line with these efforts, Mooreast also signed a Memorandum of Understanding (“MoU”) with Korea Ocean Engineering & Consultants Co., Ltd. (“KOCECO”) to promote joint business and technology collaboration in offshore mooring and seabed anchoring solutions.
KOCECO, recognised by South Korea’s Ministry of Trade, Industry and Energy, brings extensive experience in submarine cable laying and underwater engineering services. The MoU lays the groundwork for future cooperation in the rapidly developing floating offshore wind market in North Asia, where Mooreast seeks to play a pivotal role in addressing local supply chain gaps in mooring systems.
“The two agreements will significantly strengthen Mooreast’s global position and our commitment to our transformation to serve the renewable energy sector. Through these partnerships, we are now better equipped to deliver a comprehensive solution for the offshore sector,” added Mr Ellingsen.
This press release has been reviewed by the Company’s sponsor, UOB Kay Hian Private Limited (the “Sponsor”). This press release has not been examined or approved by the Singapore Exchange Securities Trading Limited (the “SGX-ST”) and the SGX-ST assumes no responsibility for the contents of this press release, including the correctness of any of the statements or opinions made or reports contained in this press release.
The contact person for the Sponsor is Mr Lance Tan, Senior Vice President, at 83 Clemenceau Avenue, #10- 01 UE Square, Singapore 239920, telephone (65) 6590 6881.
Issued for and on behalf of Mooreast Holdings Ltd. by WeR1 Consultants Pte Ltd.
About Mooreast Holdings Ltd.
Mooreast is a total mooring solutions specialist, serving mainly the offshore renewable energy, offshore oil & gas (“O&G”) and marine industries, with operations primarily in Singapore, the Netherlands through its wholly-owned subsidiary in Rotterdam Mooreast Europe, and offices based in Scotland, Taiwan and Malaysia.
Mooreast’s solutions include the design, engineering, fabrication, supply and logistics, installation and commissioning of mooring systems. Mooreast is applying its experience and expertise in mooring solutions to floating renewable energy projects, in particular floating offshore wind farms. It has successfully participated in developmental and prototype projects for floating offshore wind turbines in Japan and Europe.
Media & Investor Contact Information WeR1 Consultants Pte Ltd 1 Raffles Place #02-01 One Raffles Place Mall Suite 411 Singapore 048616 Isaac Tang, mooreast@wer1.net (M: +65 9748 0688)
Potassium-ion batteries could have a higher energy density than sodium-ion batteries. This is important for large-scale energy storage such as for renewable energy.
In a review published in Science and Technology of Advanced Materials, researchers have surveyed the battery technologies that will be vital for a sustainable green transition. Eunho Lim and colleagues at Korea’s Dongguk University discuss recent advances and challenges, and point towards the research needed to develop an alternative to lithium-ion batteries.
Although lithium-ion batteries have been invaluable in the electronics revolution—powering laptops, smartphones, electronic vehicles, and much more—their expanding use faces a critical challenge. Lithium is not a common resource. Increasing demand has turned it into a high-value, strategic resource, and the green transition is expected to increase demand further still.
One alternative is to develop battery technologies based around a more common material. Sodium-ion batteries are an option, and the technology is nearly ready for commercialization. But potassium-ion batteries would be even better, since they could have a higher energy density, which is especially important for large-scale energy storage, such as for renewable energy.
“Potassium-ion batteries are emerging as a viable alternative due to the abundance and cost-effectiveness of potassium, but realizing their potential requires the development of advanced anode materials tailored to the unique properties of potassium ions,” explains Lim.
Professor Lim’s review addresses the research needed to realize the potential of potassium-ion batteries. The paper systematically examines the strengths and weaknesses of different anode materials and the electrochemical mechanisms each would rely on. The paper also outlines strategies that could overcome the weaknesses of each approach, as well as the trade-offs between performance and stability. One important point that emerges is the interaction of electrochemical parameters and physical structures in determining the potassium-ion batteries’ capacity and longevity. Based on this overview, the team highlights paths for future research to advance potassium-ion battery technology.
Lim plans to build on this groundwork, aiming to design new materials that can deliver the promise of potassium-ion batteries while working around their limitations. “My research will focus on the development of cost-effective, high-performance, and safe anode materials for potassium-ion batteries,” he says. He also plans to use advanced characterization techniques to investigate some of the fundamental phenomena that happen in the battery materials. “Understanding these mechanisms will be crucial for optimizing material design and electrode architecture.”
“Ultimately,” he says, “my goal is to contribute to the commercialization of potassium-ion batteries by developing materials that can rival or exceed the performance of current lithium-ion battery anodes.”
Further information Eunho Lim Dongguk University, Republic of Korea eunholim@dgu.ac.kr
About Science and Technology of Advanced Materials (STAM)
Open access journal STAM publishes outstanding research articles across all aspects of materials science, including functional and structural materials, theoretical analyses, and properties of materials. https://www.tandfonline.com/STAM
Agreement intended to launch New Rise Australia as a SAF and HVO platform driven by XCF’s patent-pending site design and configuration
Agreement expected to include equity stake, license fees, and exclusive rights to the Australian market
Intended partnership in line with announced strategy regarding international expansion
XCF Global, Inc.(XCF) (NASDAQ:SAFX), a key player in decarbonizing the aviation industry through Synthetic Aviation Fuel (SAF), and Continual Renewable Ventures Pty. Ltd. (Continual), an Australian-based company with a focus on advancing SAF and hydrotreated vegetable oil (HVO), also known as renewable diesel, today announced the signing of a non-binding Memorandum of Understanding (MOU) that seeks to launch New Rise Australia Pty. Ltd. (New Rise AU), a venture dedicated to the development and commercialization of synthetic aviation fuel projects across Australia.
New Rise AU is expected to operate under a licensing agreement that leverages XCF’s integrated SAF platform – including patent-pending site design, configuration, and layout that shortens development timelines and improves capital efficiency. Designed for rapid deployment and scalable growth, the first Australian facility is expected to follow the blueprint of XCF’s New Rise Reno facility.
“This partnership underscores the strength of XCF’s platform and validates our unique, capital-efficient approach to facility development. Our patent-pending site design and modular configuration give ventures like New Rise AU a strategic head start in high-demand markets,” said Mihir Dange, Chief Executive Officer and Board Chair of XCF Global. “The Australian market is primed for SAF growth, with strong regulatory support, rising demand from the aviation sector, and a focus on cutting emissions. We’re excited to bring our blueprint to the region and proud to work alongside a team that shares our ambition to accelerate the clean energy transition.”
Renzo Petersen, Director of Continual, added: “We chose XCF because of their innovative approach to SAF and HVO facility design, which enables faster, more efficient deployment at scale. This partnership gives us a head start in building Australia’s next-generation SAF and HVO infrastructure. We’re proud to collaborate with XCF to bring SAF and HVO solutions to Australia. Together, we’re laying the foundation for a scalable, commercially viable platform that supports Australia’s decarbonization goals and positions New Rise AU as a regional leader in sustainable fuel.”
Today’s announcement marks a key milestone in XCF’s international expansion strategy and builds on the company’s momentum following the recent commissioning of its New Rise Reno facility in Reno, Nevada and listing on the Nasdaq Capital Market.
Definitive agreements are expected to be completed in the coming months, with legal, technical, and commercial diligence already underway. However, there can be no assurance that the parties will enter into definitive agreements in a timely manner or at all, or, if definitive agreements are reached, that the terms will be consistent with the terms outlined in the MOU.
About XCF Global, Inc.
XCF Global, Inc. is a pioneering synthetic aviation fuel company dedicated to accelerating the aviation industry’s transition to net-zero emissions. XCF is developing and operating state-of-the-art clean fuel SAF production facilities engineered to the highest levels of compliance, reliability, and quality. The company is actively building partnerships across the energy and transportation sectors to accelerate the adoption of SAF on a global scale. XCF is currently listed on the Nasdaq Capital Market and trades under the ticker, SAFX. To learn more, visit www.xcf.global.
About Continual Renewable Ventures Pty. Ltd. Continual Renewable Ventures Pty. Ltd. is an Australian-based company committed to building the infrastructure required to support the long-term decarbonization of the transportation industry in Australia. With a focus on advancing SAF and HVO projects, the company brings together an experienced team of seasoned entrepreneurs, engineers, and Indigenous business leaders who are united by a shared commitment to innovation, sustainability, and economic development.
Forward-Looking Statements This Press Release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential” or “continue”, or the negatives of these terms or variations of them or similar terminology. These forward-looking statements, including, without limitation, statements regarding XCF Global’s expectations with respect to future performance and anticipated financial impacts of the Business Combination, estimates and forecasts of other financial and performance metrics, and projections of market opportunity and market share, are subject to risks and uncertainties, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by XCF Global and its management, are inherently uncertain and subject to material change. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) changes in domestic and foreign business, market, financial, political, and legal conditions; (2) unexpected increases in XCF Global’s expenses resulting from potential inflationary pressures and rising interest rates, including manufacturing and operating expenses and interest expenses; (3) the occurrence of any event, change or other circumstances that could give rise to the termination of negotiations and any agreements with regard to XCF Global’s offtake arrangements; (4) the outcome of any legal proceedings that may be instituted against the parties to the Business Combination Agreement or others; (5) XCF Global’s ability to meet Nasdaq’s continued listing standards; (6) XCF Global’s ability to integrate the operations of New Rise and implement its business plan on its anticipated timeline; (7) XCF Global’s ability to raise financing in the future and the terms of any such financing; (8) New Rise’s ability to produce the anticipated quantities of SAF without interruption or material changes to the SAF production process; (9) XCF Global’s ability to resolve current disputes between New Rise and its landlord with respect to the ground lease for the New Rise Reno facility; (10) XCF Global’s ability to resolve current disputes between New Rise and its primary lender with respect to loans outstanding that were used in the development of the New Rise Reno facility; (11) costs related to the Business Combination and the New Rise acquisitions; (12) the risk of disruption to the current plans and operations of XCF Global as a result of the consummation of the Business Combination; (13) XCF Global’s ability to recognize the anticipated benefits of the Business Combination and the New Rise acquisitions, which may be affected by, among other things, competition, the ability of XCF Global to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (14) changes in applicable laws or regulations; (15) risks related to extensive regulation, compliance obligations and rigorous enforcement by federal, state, and non-U.S. governmental authorities; (16) the possibility that XCF Global may be adversely affected by other economic, business, and/or competitive factors; (17) the availability of tax credits and other federal, state or local government support; (18) risks relating to XCF Global’s and New Rise’s key intellectual property rights; (19) the risk that XCF Global’s reporting and compliance obligations as a publicly-traded company divert management resources from business operations; (20) the effects of increased costs associated with operating as a public company; and (21) various factors beyond management’s control, including general economic conditions and other risks, uncertainties and factors set forth in XCF Global’s filings with the Securities and Exchange Commission (“SEC”), including the final proxy statement/prospectus relating to the Business Combination filed with the SEC on February 6, 2025, this Press Release and other filings XCF Global makes with the SEC in the future. If any of the risks actually occur, either alone or in combination with other events or circumstances, or XCF Global’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that XCF Global does not presently know or that it currently believes are not material that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect XCF Global’s expectations, plans or forecasts of future events and views as of the date of this Press Release. These forward-looking statements should not be relied upon as representing XCF Global’s assessments as of any date subsequent to the date of this Press Release. Accordingly, undue reliance should not be placed upon the forward-looking statements. While XCF Global may elect to update these forward-looking statements at some point in the future, XCF Global specifically disclaims any obligation to do so.
BW Digital and BW ESS, international owner-operators of digital infrastructure and energy storage systems, today announced the launch of BW Velora.
BW Velora Management and Board
The new venture will focus on developing and commercializing high-value sites for next-generation digital infrastructure and data centers in the Nordic region and Canada.
In an era where data is a strategic asset, building secure, sovereign digital infrastructure is critical to reducing dependency on foreign jurisdictions and safeguarding sensitive data.
Building data centers requires significant investment in critical infrastructure, which also enables the growth of other related industries.
BW Velora will leverage the digital infrastructure expertise of BW Digital and BW ESS’ extensive experience developing energy infrastructure in Europe to position itself at the intersection of digital infrastructure development, access to renewable energy and engagement with local communities.
BW Velora will create a sustainable environment for the construction of new data centers – from early-stage development to ready-to-build projects, including land and utilities, regulatory approvals, design and execution services – enabling customers to unlock synergies across the value chain and significantly reduce time-to-market.
BW Velora aims to drive regional industrial growth, promote innovation and accelerate sustainable development. The data centers will anchor industries such as AI, renewable energy, carbon capture and advanced digital services.
It was co-founded by industry experts Paal Skoe, Nils Kristian Liveng-Ness and Christian Ekeberg, whose combined experience positions the company uniquely in the fast-growing digital infrastructure market.
“BW Velora is strategically positioned to meet the rapidly growing demand for digital infrastructure,” said Paal Skoe, Co-founder and CEO of BW Velora. “Our innovative approach significantly reduces risks, simplifies project execution and accelerates entry into high-performance data center markets, ultimately driving substantial economic growth and sustainability in local communities.”
Erik Strømsø, CEO of BW ESS and BW Velora chairman commented: “The worlds of digital infrastructure and sustainable energy are increasingly intertwined. As digital power demand continues to grow, we believe it is essential to take a holistic approach to energy and digital infrastructure development.
“Our investment in BW Velora is an example of this and we believe the company is uniquely positioned to take a leading role in this space, while at the same time creating local economic growth and sustainability.”
Ludovic Hutier, CEO of BW Digital and BW Velora director, added: “As AI continues to evolve, the convergence of data center growth and increasing power demand strongly supports BW Velora’s ambitions. Through BW Digital, we are excited to extend our investment opportunities into the Nordic region, building upon our existing digitalecosystem in Asia-Pacific and fostering meaningful synergies across industries and regions.”
About BW Velora
BW Velora specializes in initiating, commercializing and financing high-value sites for digital infrastructure, specifically data center projects. The company addresses the complex challenges associated with digital infrastructure development, providing comprehensive solutions from early-stage project planning through to execution and financing.Part of the BW Group ecosystem, BW Velora leverages a global industry network, including decades of experience in digital infrastructure and energy infrastructure investment, delivery and operation. To find out more, visit: https://bw-velora.com/
About BW ESS
BW ESS is a global energy storage owner-operator, moving with speed to develop and build market-leading energy storage projects across multiple countries.
Typically working with local development partners, the business is active in the UK, Australia, Italy, Germany, and Sweden. It has more than 500MWh of operating BESS projects, with over 2.5GWh under construction and a development pipeline of about 7GW.
BW ESS has a strategy to hold assets for the long-term, taking a hands-on approach to unlock value throughout the energy storage asset lifecycle.
Part of BW Group, BW ESS can leverage a global industry network, as well as decades of experience in energy infrastructure investment, delivery, and operation. To find out more, visit: https://bw-ess.com/
About BW Digital
Privately-owned and carrier-neutral, BW Digital develops, builds and operates digital infrastructure. Our vision is to create a sustainable digital ecosystem for cloud and AI workloads by combining data centre and connectivity assets.
BW Digital is the owner-operator of Hawaiki – a 15,000km submarine cable system connecting Australia, New Zealand, American Samoa, Hawaii and the US west coast since 2018 – and is currently building its first digital campus spanning Singapore and Indonesia. The campus includes a 120MW data centre (NDP1) in Batam, a subsea cable linking Singapore and Batam (NCC) and a terrestrial fibre network within Nongsa Digital Park (Citra Connect).
Part of BW Group, BW Digital can leverage a global industry network, as well as decades of experience in energy infrastructure investment, delivery, and operation. To find out more, visit https://www.bw-digital.com/
Media Contact
BW Velora Nils Kristian Liveng-Ness +47 413 14 003 nk@bw-velora.com
Euro Manganese Inc. (TSXV: EMN) (ASX: EMN) (FSE: E060) (the “Company” or “Euro Manganese“) announced today that it has entered into an offtake term sheet dated June 18 (the “Term Sheet“) with Integrals Power Limited (“IPL“), for the sale of high-purity manganese sulphate from the Company’s Chvaletice Manganese Project (“Chvaletice” or the “Project“) in the Czech Republic.
Highlights
UK-based Integrals Power Limited is a next-generation battery nano-materials company that has developed an innovative and proprietary process for producing high-performance, cost effective and scalable battery cathode materials such as Lithium Iron Phosphate (“LFP“) and Lithium Manganese Iron Phosphate (“LMFP“) for lithium-based batteries.
Euro Manganese and IPL will partner to support the use of the Company’s battery-grade High Purity Manganese Sulphate Monohydrate (“HPMSM“) in IPL’s LMFP cathode material for use in batteries for electric vehicles, grid-scale storage, defence and other applications.
Initial program of test work to determine the compatibility of the Company’s HPMSM with IPL’s production process and the performance of the resulting LMFP cathode material will commence in the third quarter of 2025. Successful completion of this work will pre-qualify Euro Manganese’s HPMSM as a feedstock for IPL’s LMFP cathode and the supply chain served by this new technology, and potentially lead to further collaboration.
Pursuant to the Term Sheet, deliveries are to commence from first commercial production for an initial term of seven years, with the option to renew for additional successive four-year periods. The commencement of the initial term shall be subject to successful qualification by IPL of the Company’s high-purity manganese product from the Chvaletice Demonstration Plant.
Pricing will be subject to market indicators, with mechanisms for increase/decrease tied to certain benchmarks.
The Term Sheet for the future supply of Euro Manganese’s HPMSM to IPL and any licensee of their technology is non-binding and includes terms associated with cost sharing of initial test work.
Martina Blahova, CEO of Euro Manganese, commented:
“We are excited to partner with Integrals Power to advance new battery technologies. IPL’s innovative cathode materials are at the forefront of the global transition towards safer, more sustainable, and cost-effective battery solutions and are designed to support a wide range of applications. We look forward to supplying fully traceable, responsibly produced products that enhance energy efficiency and drive emissions reduction.”
Behnam Hormozi , CEO of Integrals Power, commented:
“Our collaboration with Euro Manganese is a major step forward in securing a reliable, traceable, and local supply of high-purity manganese – a key ingredient in our L(M)FP cathode materials. This partnership enhances Integrals Power’s ability to scale cathode production sustainably while supporting the growing demand for high-performance battery technologies across UK & Europe. It aligns perfectly with our mission to build a resilient, transparent supply chain that underpins the energy transition.”
About Euro Manganese
Euro Manganese is a battery materials company focused on becoming a leading producer of high-purity manganese for the electric vehicle industry. The Company is advancing development of the Chvaletice Manganese Project in the Czech Republic and an early-stage opportunity to produce battery-grade manganese products in Bécancour, Québec.
The Chvaletice Project is a unique waste-to-value recycling and remediation opportunity involving reprocessing old tailings from a decommissioned mine. It is also the only sizable resource of manganese in the European Union, strategically positioning the Company to provide battery supply chains with critical raw materials to support the global shift to a circular, low-carbon economy.
Euro Manganese is dual listed on the TSX-V and the ASX.
About Integrals Power
Integrals Power is a next-generation battery technology company committed to accelerated research, development and commercialisation of state-of-the-art battery. IPL’s latest battery material development results empower economical cells with higher performance compared to conventional alternatives. Integrals’ innovations are designed to support a wide range of applications, from electric vehicles (EVs) and grid-scale storage, to defence, motorsports, maritime, and portable power systems, with an emphasis on localised supply chains, high performance, and regulatory compliance. For more information visit: integralspower.co.uk
Authorized for release by the CEO of Euro Manganese Inc.
Neither TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) or the ASX accepts responsibility for the adequacy or accuracy of this release.
Enquiries
Martina Blahova Chief Executive Officer +1 (604) 681-1010 martina@mn25.ca
Certain statements in this news release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of the Company, its Chvaletice Project, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict” and other similar terminology, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.
Readers are cautioned not to place undue reliance on forward-looking information or statements. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements and, even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, the Company.
Such forward-looking information or statements also include, but are not limited to, statements regarding the Company’s intentions regarding the development of the Chvaletice Project, the ability of any collaboration between Euro Manganese and IPL to strengthen the LMFP battery supply chain, timelines for testwork, ability to pre-qualify Euro Manganese’s HPMSM as a feedstock for IPL’s LMFP cathode and the supply chain and potentially lead to further collaboration with IPL, ability of Euro Manganese to enter into an offtake agreement with IPL, and ability to supply fully traceable, responsibly produced products that enhance energy efficiency and drive emissions reduction.
All forward-looking statements are made based on the Company’s current beliefs including various assumptions made by the Company including that the Chvaletice Project will be developed and operate in accordance with current plans, that the Company will be able to raise the financing that it requires, and that it will meet conditions of its secured credit facility. Factors that could cause actual results or events to differ materially from current expectations include, among other things: risks and uncertainties related to maintaining necessary licenses or permits; risks related to acquisition of surface rights; securing sufficient offtake agreements; the availability of acceptable financing; the potential for unknown or unexpected events to cause contractual conditions to not be satisfied; developments in EV (Electric Vehicles) battery markets and chemistries; and risks related to fluctuations in currency exchange rates, changes in laws or regulations; and regulation by various governmental agencies. For a further discussion of risks relevant to the Company, see “Risk Factors” in the Company’s annual information form for the year ended September 30, 2024, available on the Company’s SEDAR+ profile at www.sedarplus.ca.
Although the forward-looking statements contained in this news release are based upon what management of the Company believes are reasonable assumptions, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the Company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this news release.
Asia Research & Engagement (ARE), a leading sustainability-focused consultancy and capital markets engagement firm, has expanded its India team with two senior appointments: Shishir Soti, Director, Global Operations and Partnerships and Arun Kumar, Strategic Advisor – Power Markets and Technology Innovation.
Founded in 2013 and headquartered in Singapore, ARE works across Asia’s key economies – including China, India, and Japan – to drive sustainability outcomes through the alignment of capital markets, corporate strategy, and policy. India’s expanding influence in energy, agriculture, and capital markets makes it not just a domestic focus but a regional anchor for accelerating Asia’s net-zero transition.
“India is already making bold strides on its decarbonisation journey,” said Benjamin McCarron, Founder & Managing Director, ARE. “Expanding our footprint here strengthens our ability to connect investor expectations and corporate ambition across the region, from Tokyo to Bangkok to Singapore. India’s scale and innovation are pivotal to designing future-fit systems across all of Asia.”
Shishir Soti brings more than 25 years of experience to ARE, having held senior positions in banking and financial services at institutions including Standard Chartered and ICICI Bank, as well as senior roles at environmental groups such as the Shakti Sustainable Energy Foundation and Environmental Defense Fund. At ARE he will help deepen the integration of India into ARE’s regional programmes on financed emissions, sustainable food systems, and transition financing. He will also spearhead stakeholder engagement and fundraising strategy for ARE’s India programmes, advancing efforts to align Indian corporates and banks with net-zero goals.
“India’s ambition to reach net-zero by 2070 has implications far beyond its borders,” said Soti. “Its energy and agricultural transitions will shape supply chains, investment flows, and climate ambition throughout Asia. I’m proud to support ARE’s work connecting policy, capital, and corporate action at this critical intersection.”
Arun Kumar joins ARE with more than 25 years of experience in power markets, technology, and strategy, having held leadership positions at PTC India, HSBC Securities, KPMG and CRISIL where he was consistently ranked among India’s top energy analysts. He will provide strategic insights into regulatory trends, market innovation, and grid decarbonisation.
“ARE’s investor-informed approach has already helped shift conversations in China, Japan, and Southeast Asia,” said Kumar. “India’s power market is on the cusp of transformation, and I look forward to helping shape the trajectory through collaborative engagement and technology foresight.”
Soti and Kumar will work closely with Rituj Sahu, Director – Protein Transition (India), who has been leading ARE’s work on food systems, climate finance, and impact stewardship in India since 2022. Their collective expertise positions ARE to deepen its regional impact across three core pillars: Energy transition and financed emissions engagement with corporates and banks; Sustainable food and agriculture systems, with a focus on the protein transition; Capital mobilisation, bridging global finance with local sustainability outcomes.
The India expansion complements and strengthens ARE’s ongoing work in Singapore, China, Taiwan, Japan, and Thailand – creating a more connected and coordinated platform for sustainable transformation across Asia.
“To solve regional sustainability challenges, we need local intelligence, regional coordination, and global capital alignment,” added McCarron. “India is integral to the systems change ARE is driving across the region.”
About Asia Research & Engagement (ARE)
Creating change through investor-backed engagement. ARE’s pioneering approach fills an engagement gap to bring leading investors into dialogue with Asian-listed companies. ARE currently works with investors representing US$10trillion. ARE covers Asian-listed companies from the financial sector, energy-related industries, and food value chains, seeking to advance a sustainable and compassionate Asia.
For media interviews and further enquiries, please contact Wani Diwakar Asia Research & Engagement (ARE) wani.diwarkar@asiareengage.com
