The best time of year to buy portable generators for outdoor activities and outage preparedness
As Amazon Prime Day 2024 approaches, BLUETTI, a leading provider of eco-friendly power solutions, is joining the Prime Day Sale with unbeatable deals on various portable solar generators from July 16-31 on BluettiOfficial. Savvy shoppers can grab the best portable electric generators for camping, home backup, and off-grid living at the lowest prices.
BLUETTI AC70 Compact Camping Generator. A$899 (18% OFF) on BLUETTI The BLUETTI AC70 is a compact and powerful solar generator with 1,000W rated power(2,000W surge) and 768Wh capacity, perfect for camping trips. The AC70 has 7 outlets to power essential devices like CPAP machines, phones, monitors, coolers, and fridges. Plus, it recharges fast via 950W turbo AC charging or 500W solar, reaching 100% in 1-2 hours. It even supports app control and UPS function for emergency use.
BLUETTI AC200L Quiet RV Generator $2,399(20% Off ) on BLUETTI For RV enthusiasts, the BLUETTI AC200L offers a robust solution for all power needs on the road. With 2,400W of output power, it can handle most demanding appliances such as air conditioners, microwaves, and refrigerators. It has a 2,048Wh capacity, expandable to 8,192Wh with additional battery modules for longer runtime. The AC200L supports 6 ways to charge, including 1,200W solar and 2,400W AC charging. It’s whisper-quiet at 44 dB from a meter away, according to HoboTech’s real-world testing, ideal for campers, travel trailers, and camper vans.
BLUETTI AC300/AC500 Home Backup Power Solutions AC300+B300 for A$4199 (23% Off ), on BLUETTI AC500+B300S for A$4999(26% Off ), on BLUETTI
The modular AC300 and AC500 energy storage are customizable power backup solutions for homes and off-grid residences. Both have a responsive UPS function to keep lights on and refrigerators humming seamlessly during power outages.
The AC300+B300 combo offers a 3,000W output and a 3,072Wh capacity, expandable to 12,288Wh, enough to power a home for about 4 days. While the AC500+B300S goes further with 5,000W power and an expandable capacity of up to 18,432Wh. They support multiple charging methods from wall outlets, solar panels, generators, and vehicles to power through prolonged power outages.
Popular BLUETTI Prime Day Deals BLUETTI offers great deals on popular devices like the AC180, available for A$1099 (27% Off) on BLUETTI. With 1,800W output and 1,152Wh capacity, it’s perfect for powering multiple devices. The newly launched AC50B is A$529 (24% Off) on BLUETTI with a 700W output and 448Wh battery, ideal for outdoor adventures and emergencies.
BLUETTI Prime Day Surprises During the sale, customers can receive a free t-shirt for orders over A$1,000 on official BLUETTI. On July 16th and 17th, they can earn triple BLUETTI Bucks on orders, redeemable for BLUETTI products and coupons. Anyone can get A$50 off their A$1,000 BLUETTI purchases on website by using the code: PR50.
Visit BLUETTI to secure the best prime day deals on portable generators and home backup solutions at unbeatable prices.
About BLUETTI As a technology pioneer in clean energy, BLUETTI is committed to a sustainable future by providing affordable green energy storage solutions for both indoor and outdoor use. Through initiatives like the LAAF (Lighting An African Family) program, BLUETTI is dedicated to bringing power to 1 million African families in off-grid areas. With a strong focus on innovation and customer needs, BLUETTI has established itself as a trusted industry leader in over 100 countries and regions.
BLUETTI, a technology pioneer in clean energy, is launching its newest product, the AC50B portable power station on July 9, ahead of Prime Day 2024. Leading up to this year’s shopping event, BLUETTI is also offering exclusive presale offers on its top generators from July 1-15.
Introducing the AC50B: Smart Portable Power for Maximum Runtime The AC50B is the newest addition to BLUETTI’s lineup of portable power generators, positioned between the compact 300W AC2A and the robust 1,000W EB70. This 700W unit boasts a 448Wh LFP battery, making it perfect for powering devices such as phones, cameras, lamps, and laptops. With 5 versatile outlets, the AC50B is an essential companion for outdoor adventures and emergency situations.
The AC50B stands out with its exceptional minimal self-consumption and extended battery life, achieved through BLUETTI’s innovative technologies. The AI-powered BLUETOPUS Battery Management System (BMS) optimizes energy use and enhances charging efficiency. The AC50B can recharge from 0% to full in just 80 minutes, ideal for quick getaways.
Prime Day Lead-Up Deals on BLUETTI Products BLUETTI AC200P: Ideal for RV and camping, the AC200P features a 2,000W AC output and a 2,000Wh capacity, expandable up to 5,072Wh. It supports 7 ways to recharge (AC/Solar/Car/Generator/Lead battery/Dual AC/AC+Solar). Now available for A$1,799 (37% Off) on Bluetti Official.
BLUETTI AC500 & B300S: Perfect for home backup, the AC500 offers 5,000W rated power and an expandable capacity from 3,072Wh to 18,432Wh. It features a responsive UPS function with an auto-switch in 0.02 seconds during power outages. Now available for A$4,999 (26% Off ) with a free trolley on website.
Exclusive Prime Day Surprises From July 1 to July 15, BLUETTI is offering special vouchers on their official website. Spend A$30, A$70, or A$130 to receive a coupon worth A$150, A$250, or A$300, respectively, applicable to single orders over A$1,500, A$2,500, A$3,000. These purchased coupons are valid until July 31.
About BLUETTI As a technology pioneer in clean energy, BLUETTI is committed to a sustainable future by providing affordable green energy storage solutions for both indoor and outdoor use. Through initiatives like the LAAF (Lighting An African Family) program, BLUETTI is dedicated to bringing power to 1 million African families in off-grid areas. With a strong focus on innovation and customer needs, BLUETTI has established itself as a trusted industry leader in over 100 countries and regions.
Mooreast Holdings Ltd.(Mooreast or the Group) inaugurated its sales office in Taiwan today, marking its foray to Northeast Asia as part of an expansion to offer total mooring solutions to the global emerging floating renewable energy sector.
On 16 May 2024, SGX Catalist-listed Mooreast incorporated Mooreast Taiwan Limited (“Mooreast Taiwan”) in Taipei, a wholly-owned subsidiary of Mooreast Renewable Pte. Ltd., which in turn is a wholly-owned subsidiary of the Group.
Representatives of Taiwan’s Industrial Development Administration witnessed the opening of the office. Representing Mooreast were Chairman Mr Joseph Ong, Deputy Chairman, Executive Director and CEO Mr Sim Koon Lam, and Head Commercial Mr Jaymes Sim, along with senior management.
Bringing more than three decades of mooring and offshore marine expertise, along with a strong track record of completing 21 offshore wind-related projects since 2013 – totalling 86.3 megawatts of energy capacity – Mooreast will offer a diverse range of products, services and solutions catered to supporting the next phase of Taiwan’s wind development into floating wind farms.
Mooreast, Asia’s only ultra-high power anchor manufacturer, said Taiwan offers one of the most exciting floating renewable markets in the region. The Group, together with its partners in the region, will jointly offer Engineering, Procurement, Construction and Installation services for floating energy projects.
Mooreast Chairman Mr Joseph Ong said the office in Taiwan will spur collaboration
The Taiwan expansion is part of the Group’s broader transformation to meet anticipated demand in the emerging floating offshore renewable market. On 19 June 2024, the Group announced it intends to acquire a 98,919 sqm (approx. 1.1 million sqft) facility from a subsidiary of Seatrium Limited. This will quadruple its production capacity in Singapore to better serve the fast-growing floating offshore renewable sector.
Mooreast has also signed a non-binding term sheet to secure a S$20.01 million convertible loan from SG-RT FUND, a sub-fund of CEC-SG VCC, a Singapore- registered umbrella variable capital company managed by N PrimePartners Capital Pte. Ltd. on 13 June 2024.
The funds will provide essential working capital for FY2024 and to support the Group’s expansion and growth strategies to strengthen the Group’s mooring supply chain internationally.
Mr Joseph Ong said, “Backed by 30 years of mooring expertise, we are confident of our ability to support the fast-growing offshore wind sector in Taiwan and, indeed, Northeast Asia. A physical presence in Taiwan will spur collaboration with contractors and partners to offer differentiated service and solutions to our customers.”
Mr Sim Koon Lam, said, “Taiwan is a key market for Mooreast, and we are committed to support its renewable energy initiatives. We look forward to nurturing relationships with existing and new partners to build a stronger eco-system for the floating renewable energy sector in the region.”
This press release has been prepared by the Company and its contents have been reviewed by the Company’s sponsor, W Capital Markets Pte. Ltd. (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 Ms Alicia Chang, Registered Professional, W Capital Markets Pte. Ltd., at 65 Chulia Street, #43-01 OCBC Centre, Singapore 049513, Telephone (65) 6513 3525.
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 and Taiwan.
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. For more information, please visit https://mooreast.com/
Media & Investor Contact Information WeR1 Consultants Pte Ltd 1 Raffles Place #02-01 One Raffles Place Mall Suite 332 Singapore 048616 Isaac Tang, mooreast@wer1.net (M: +65 9748 0688)
NASDAQ-listed AGAPE ATP Corporation (ATPC), is delighted to announce the relaunch of its subsidiary, now named ATPC Green Energy Sdn. Bhd. (ATPC Green Energy). ATPC had entered into a collaboration agreement yesterday, with B&H Intec Solution Sdn Bhd (B&H), a total building solutions provider, with a focus on delivering comprehensive energy-saving solutions, aligning with ATPC’s commitment to driving green energy initiatives.
From left: Vincent Tan, Vice President of ATPC, Ting Wan Lock, Head of Corporate Finance, and Prof Dato’ Sri Dr How Kok Choong, Founder and Global Group CEO of ATPC; and Chen Wei Kent, CEO of B&H, Chung Wooi Hen, Sales Director of B&H and Khor Hock Thong, Marketing Director of B&H
B&H brings over 14 years of experience in facilities mechanical and electrical (M&E) services, specialising in building tailored green retrofits and building maintenance. The company has a portfolio of more than 1,000 customers in Malaysia, including luxury hotels, major banks, transportation hubs, government buildings, office towers, mega shopping malls, and healthcare centres. Known for integrating the latest sustainable technologies into building management solutions, B&H’s expertise in monitoring systems, energy-saving retrofit and upgrading, preventive maintenance service, energy-saving consulting and outsourcing services will be instrumental to ATPC Green Energy. Accumulatively, B&H has already achieved contract values of more than USD 10 million (approximately MYR 47 million), underscoring their capability and trust within the industry.
Mr. Chen Wei Kent, Chief Executive Officer (“CEO”) of B&H said, “The potential in the energy-saving space is vast and untapped. Matching the right M&E services to different companies can result in a substantial reduction in energy consumption, or in other cases, a comprehensive green retrofit solution can improve a building’s energy efficiency and reducing its carbon footprint.
“The collaboration with ATPC will raise our profile, and it will allow us to continue to support more companies in achieving their energy-saving goals. With Malaysia’s energy demand projected to increase by 4.8% by 2030 and electricity demand growing faster than primary energy production, the need for alternative energy sources and energy-saving measures is urgent. In 10 years, Malaysia’s energy demand is expected to rise significantly, from 96.3 terawatt-hours to 206 terawatt-hours (TWh).”
In this collaborative arrangement, B&H’s founder and management team will join ATPC Green Energy as executive officers, leading the energy-saving solutions portfolio. They will also become shareholders in ATPC Green Energy, gaining an equity stake of 30%. This partnership allows ATPC Green Energy to leverage B&H’s expertise, customer base, and leadership, while aligning the interests of B&H’s founders through shareholding, supporting the long-term growth of the energy-saving solutions business.
Prof Dato’ Sri Dr How Kok Choong, the Founder and Global Group CEO of ATPC, explains, “We aim to address this urgent energy demand by providing innovative energy-saving solutions across major sectors, leveraging the extensive expertise of B&H leadership team. By combining our resources and expertise, ATPC Green Energy is well-positioned to drive energy efficiency initiatives across multiple sectors.”
“ATPC Green Energy is looking to provide innovative energy-saving solutions to various sectors, including hospitality, insurance, government, semiconductor, retail, and manufacturing, and we are pleased to have the strong support of B&H as we strive to achieve our mutual goals. Collaboratively, we are in the midst of pitching for a USD 2.0 million project, and we are optimistic about our prospect.” How added.
ATPC’s commitment to the UN Sustainable Development Goals drives the company to build a comprehensive renewable energy ecosystem in ASEAN. This includes energy-saving solutions, solar projects, and other renewable technologies. The Company hopes to develop a diverse portfolio, expand its energy-saving offerings, foster partnerships, and achieve a significant market share in the region.
Mooreast Holdings Ltd. (“Mooreast” or the “Group”), announced today that its wholly-owned subsidiary, Mooreast Asia Pte. Ltd., intends to acquire a 98,919 sqm (approx. 1.1 million sqft) facility from a subsidiary of Seatrium Limited (“Seatrium”), quadrupling its production capacity in Singapore to serve the fast-growing floating offshore renewable sector.
The SGX Catalist-listed specialist in total mooring solutions catering to the renewable sector has been granted an option to purchase 60 Shipyard Crescent by Seatrium New Energy Limited, which is a wholly-owned subsidiary of Seatrium, a leading provider of engineering solutions to the global offshore, marine and energy industries.
Mooreast, Asia’s only ultra-high power anchor manufacturer says it expects to complete the proposed acquisition (subject to approval by JTC Corporation, the facility’s lessor) and commence operations at the new facility by the end of 2024. The consideration for the new facility will be funded through internal resources.
The facility adjoins Mooreast’s current 30,691 sqm (approx. 323,000 sqft) yard at 51 Shipyard Road, which is one of the world’s largest drag anchor manufacturing sites with in-house fabrication capabilities. Together, these two facilities will have a total land area of 129,609 sqm (approx. 1.4 million sqft). The combined value of right-of-use assets and equipment is estimated at approximately S$50 million including machinery/equipment.
The enlarged facility will increase its production capacity by four-fold, further cementing Mooreast’s position as one of only three ultra-high power anchor manufacturers globally. This will enable Mooreast to produce enough subsea foundations to support between 1.5 gigawatts (“GW”) to 2GW of floating offshore wind energy per annum, a significant increase from 0.5GW currently.
The new facility will be used to fabricate high-value sub-sea foundations and serve as a logistics hub to handle holding, staging and assembly of equipment and blocks. This will streamline operations and enhance efficiency, enabling Mooreast to manage and execute larger-scale projects.
The new facility’s 865-metre water frontage will further strengthen the Group’s Yard division. It will be able to accommodate specialist vessels for mobilisation and demobilisation for both onshore and offshore projects globally. Mooreast will also install solar panels on the facility’s rooftop to power on-site operations, in line with the Group’s commitment to sustainability.
This expansion is a major part of Mooreast’s strategy to increase its capacity to meet anticipated demand in the emerging floating offshore renewable market. It has been introducing new products and stepping up marketing efforts. Mooreast is also widening its geographical footprint, having incorporated Mooreast Taiwan this month and Mooreast UK in July 2022.
These efforts have helped Mooreast secure several project wins, including for the supply of its proprietary anchors to a pre-commercial floating offshore wind farm in Southern France, as well as supply of buoys to Japan’s first commercial-scale floating wind farm.
Mr Sim Koon Lam, founder, Executive Director, CEO and Deputy Chairman of Mooreast, said, “The acquisition of 60 Shipyard Crescent will expand our manufacturing capabilities significantly. Apart from economies of scale with a wide sea-front, we will also be able to position ourselves better to meet the growing global demand.”
“We are already fielding enquiries from several developers of floating offshore renewable energy projects. Mooreast is now ready to handle even bigger, commercial-scale wind projects. This will strengthen our value proposition and competitive edge in international markets significantly,” he added
This press release has been prepared by the Company and its contents have been reviewed by the Company’s sponsor, W Capital Markets Pte. Ltd. (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 Ms Alicia Chang, Registered Professional, W Capital Markets Pte. Ltd., at 65 Chulia Street, #43-01 OCBC Centre, Singapore 049513, Telephone (65) 6513 3525.
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 and Taiwan.
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 332 Singapore 048616 Isaac Tang, mooreast@wer1.net (M: +65 9748 0688)
Join an impressive line-up of experts, all geared up to share profound knowledge and expertise on achieving net zero emissions, the fast tracking of energy transition, and the latest advancements and opportunities in renewable energy.
Themed “TRIPLING RENEWABLE POWER & DOUBLING ENERGY EFFICIENCY BY 2030”, this exclusive event will bring together +1000 top energy professionals, Industry key players policymakers, Energy producer and solution providers, spearheading the energy evolution and transformation across the world.The conference will explore the emergence of green hydrogen, electric vehicles, solar and wind energy, and breakthroughs in energy storage through energy efficiency. Attendees will gain an in-depth understanding of the latest advances and strategies shaping the clean energy landscape. From cutting-edge renewable energy technologies to innovative financing models and regulatory frameworks, every aspect of the transition to cleaner, more sustainable energy systems will be scrutinized.Don’t let this chance slip away, come and join us today for invaluable hands-on insights into Energy. This 3rd Annual event is set to be bigger and more impactful than ever. Secure your seat now before it’s too late.Event DetailsDate: 25-27 June 2024Venue: M Resort & Hotel, Kuala LumpurRegister or Brochure Request at: https://lnkd.in/d3g3bFEBEvent website: https://lnkd.in/g3C3UjSbWatch our previous edition here: https://lnkd.in/gyCdjYnXThe 3rd CPNE 2024 event is HRDF claimable.For any further inquiries, feel free to contact Amina at amina@cteventasia.com or call 601112476257.
The Japan Energy Summit & Exhibition 2024 opened today at Tokyo Big Sight, marking the beginning of a pivotal three-day event (3-5 June) focused on driving energy transition and decarbonisation efforts in Japan and the broader Asia-Pacific region. Hosted by Tokyo Gas Co., Ltd., the summit gathered global energy leaders, policymakers, and industry experts, to delve into innovative solutions shaping the future of energy and seeks to foster international collaboration pivotal to accelerating energy transformation and advancing climate action.
Opening Ceremony of Japan Energy Summit & Exhibition 2024
Day one opened with inspiring remarks from Nobuo Tanaka, former Executive Director of the International Energy Agency (IEA), who emphasised the urgent need for international collaboration to achieve sustainable energy goals.
Keynote Address by Shinichi Kihara from METI
This was followed by a compelling keynote address from Shinichi Kihara, Director General for International Policy on Carbon Neutrality at METI (Ministry of Economy, Trade and Industry), who highlighted the critical role of the Asia Zero Emissions Community (AZEC), a platform launched by 11 partner countries in 2023 to advance decarbonisation in Asia, and Japan’s dedication to achieving industry reduction, economic growth and energy security. He added: “Japan aims to simultaneously achieve industry reduction, economic growth and energy security. We do not sacrifice one for the others.”
Yuya Hasegawa, Director of Energy Resource Development Division, Ministry of Economy, Trade and Industry (METI), Japan said: “There is no perfect energy source. We need to have as many sources as possible and diversify to ensure a stable supply of energy, even during disasters.”
Kadri Simson, Commissioner for Energy at the European Commission, delivered a visionary keynote, highlighting Japan’s crucial role as a key partner in shaping the global energy security framework, especially in relation to LNG, emphasising the importance of collaborative efforts, most notably between Europe and Japan, in enhancing energy security and promoting sustainability worldwide. She added: “Japan and Europe may be on opposite sides of the earth, but we have a lot in common: we are both democracies, and we are both carbon tech pioneers. Japan is one of our key partners in designing the global energy security architecture, especially in relation to LNG.”
Panel – Strengthening Global Ties to Achieve Energy Security
The Japan Energy Summit & Exhibition features a Strategic Conference, which brings together global energy leaders and senior regional policymakers to advance the momentum needed for Japan and the Asia-Pacific region to achieve decarbonisation goals while maintaining economic growth and energy security. Over three days, esteemed figures including energy majors, government leaders, and industry experts, will share valuable insights on fostering international partnerships, cross-sector cooperation and knowledge-sharing across the energy value chain.
Junya Tawa, Senior Managing Executive Officer, Chief Strategy Officer and Head of the Planning Division, JERA Co., Inc. said: “To address these global energy challenges, we must tackle the energy trilemma of sustainability, affordability, and stability. Our mission is to provide state-of-the-art solutions by combining linear energy with low-emission formula.”
Takayuki Ueda, President & CEO, INPEX CORPORATION said: “The market’s vulnerability persists, and one of the key challenges facing the energy market is the staggering 30% to 40% surge in demand for electricity, even in Japan.”
Shinichi Sasayama, CEO, President, Representative Executive Officer, Tokyo Gas Co., Ltd.: “The supply and demand structure for energy is anticipated to experience significant transformations, encompassing heightened volatility, geopolitical risks, the integration of renewable energies, and a mid to long-term surge in energy demand.”
The event also features a Technical Conference, a forum for leading engineers and technical experts to showcase cutting-edge innovations crucial for Japan and the Asia-Pacific’s transition to a low-carbon future. Curated by a specialist Technical Committee, the conference highlights the latest research and practical applications across nine key technical categories essential for the future of clean energy and transportation supply chains.
Other key speakers contributing to the Strategic and Technical conferences include:
Izuru Kobayashi, Deputy Director General for Environmental Affairs, Ministry of Economy, Trade and Industry (METI)
H.E. Rachmat Kaimuddin, Deputy Minister for Infrastructure and Transportation Coordination, Coordinating Ministry of Maritime Affairs and Investment of the Republic of Indonesia
Hon. Brian Jean, ECA, KC, Minister of Energy and Minerals, Government of Alberta
Charles Oppenheimer, Founder, Oppenheimer Energy Ventures
Helle Kristoffersen, President of Asia and member of the Executive Committee, TotalEnergies
Kathy Wu, Regional President Asia Pacific, Gas & Low Carbon Energy, bp
Hitoshi Nishizawa, SVP, LNG Division, JERA Inc.
Rashed Al Mazrouei, Petroleum Engineer, Ministry of Oil Kuwait
Ryoji Miyawaki, CEO, Aakel Technologies Inc.
Joe Raia, CCO, Abaxx Commodity Futures Exchange and Clearinghouse
Kiyoshi Hikino, Director of Power and Gas Market Policy Division, Agency for Natural Resources and Energy, Ministry of Economy, Trade and Industry (METI)
Hayley Pham, VP of Business Development, Asia Pacific, Low Carbon Solutions, ExxonMobil
Shinichi Sasayama, CEO, President, Representative Executive Officer, Tokyo Gas Co., Ltd.
Junya Tawa, Senior Managing Executive Officer, Chief Strategy Officer (CSO) and Head of the Planning Division, JERA Inc.
Takayuki Ueda, President & CEO, INPEX CORPORATION
Varun Gujral, CEO Asia Pacific, ENGIE Global Energy Management & Sales (GEMS)
Claudio Facchin, CEO, Hitachi Energy
Juancho Eekhout, VP, Business Development LNG and Net Zero Solutions, Sempra Infrastructure
Eiji Ohira, Director Fuel Cell and Hydrogen, New Energy and Industrial Technology Development Organization (NEDO)
This year’s event will introduce a new Climatetech Zone, a platform for startups, students, professionals, entrepreneurs, and industry leaders to explore cutting-edge innovations in climate mitigation and energy transitions. It features the Climatetech Theatre and Startup Zone, offering enriching masterclasses and networking sessions to deepen understanding of climate technology’s pivotal role in fostering a sustainable, secure, and affordable energy ecosystem.
About Japan Energy Summit & Exhibition
The Japan Energy Summit & Exhibition, taking place on 3-5 June 2024 in Tokyo is a pivotal event designed to accelerate Japan’s transition to a sustainable and carbon-neutral future. As a global economic leader and technological innovator, Japan is setting the stage for an ambitious energy transformation that aligns with its environmental commitments and economic aspirations.
The event creates an environment for fostering a cross-sector collaboration for a diverse energy system, investing in climate technology across the energy value chain, ensuring energy security through strategic partnerships, decarbonising industries for a sustainable economic future, and promoting an inclusive and just transition. www.japanenergyevent.com
About dmg events
dmg events is a global exhibitions and publishing company, established in 1989 and operating with 13 offices around the world. With a vast portfolio of over 80 exhibitions annually, we attract more than 1 million visitors, positioning us as one of the leading players in the industry. This global portfolio works closely with key stakeholders across the industry to facilitate pragmatic dialogue, serving as platforms for the latest discussions at the forefront of change.
Over recent years dmg events has significantly expanded operations to achieve impressive growth in emerging and mature markets. With new events continually being launched to adapt to changing market conditions, evolving with the industry, live events remain a focal point, providing a mix of exhibitions, conferences, certified workshops, technical seminars, clubs and leadership roundtables. www.dmgevents.com
Rothman & Roman on behalf of dmg events:
DIANA ESTELLA PETER PUBLIC RELATIONS EXECUTIVE Rothman & Roman Tel: +65 8498 9424 E-mail: diana.estella@rothmanasia.com
TASHAN KASSEY PUBLIC RELATIONS ACCOUNT DIRECTOR Rothman & Roman Tel: +65 8282 8746 E-mail: tashan.kassey@rothmanasia.com
The End of Financial Year (EOFY) season is almost here, and it’s the perfect time to score unbeatable deals on your favorite tech gadgets. This year, BLUETTI, a global leader in the clean energy industry, is offering exceptional discounts of up to 37% off on portable power stations, solar generator bundles, and large home batteries from June 1 to June 30. Whether you love outdoor adventures, want to save on energy costs, or need reliable backup power, BLUETTI has you covered.
Stay Prepared and Powered Up with BLUETTI As temperatures drop, our energy demands rise. Heating systems work overtime, leading to higher electricity bills and increased stress on the power grid. Now is the ideal time to upgrade your energy system with BLUETTI’s dependable and eco-friendly solutions, ensuring you stay warm and your devices remain powered without breaking the bank.
BLUETTI EOFY Sale Top Picks: AC180 and AC200L Power Stations
BLUETTI AC180: Aussies’Go-To for Portable Power Now $1,099 (was $1499)
The BLUETTI AC180 is one of the top-selling products on BLUETTI’s Australian website, and for good reason. This power station perfectly balances power and portability, delivering 1,800 watts from a lightweight 16kg build. It’s perfect for camping trips or as a reliable backup during blackouts, capable of powering household items like fridges, freezers, TVs, microwaves, induction cooktops, and even hair dryers. Pair the AC180 with BLUETTI’s folding PV200 solar panels for a max 500W solar input, and you can recharge it in about 3 hours, having an endless supply of renewable energy wherever you go.
BLUETTI AC200L: Expandable Capacity for Every Need Now $2,399 (was $2,799) Power shortages can ruin outdoor adventures or disrupt work at home. The BLUETTI AC200L portable generator, with its massive 2,048Wh capacity and powerful 2,400W output, ensures you have reliable power for your home, camper, workshop, and beyond. It can run a 150W fridge for up to 11 hours on a single charge and features 10 output ports to power all your needs.
If you demand more power for your off-grid lifestyle or outage protection, expand its capacity with expansion batteries like the B230, B210, or B300. By connecting two B300s, you get an impressive 8,192Wh of power-enough to keep your devices running for days. The classic AC200P also supports capacity expansion with B230 or B300, but at a more affordable cost.
For those preferring an all-in-one setup for home use, the EP500Pro offers 5,120Wh capacity and 3,000W output, with the convenience of mobility thanks to its 4-wheel design.
BLUETTI EP760 Battery System: CEC-Certified Home Energy Solution
Beyond portable power, BLUETTI provides comprehensive home energy solutions like the EP760. Certified by the Clean Energy Council (CEC), the EP760 meets Australia’s stringent safety and technical standards, ensuring you’re investing in a reliable product.
The EP760, paired with several B500 batteries, offers a customizable battery setup for any home. It can intake 9,000W of solar power and store it for use anytime, reducing household energy costs. As electricity prices climb and extreme weather events frequent, having a clean energy storage system can significantly cut your bills and provide peace of mind during outages.
Seize the EOFY Deals with BLUETTI This EOFY, take advantage of BLUETTI’s incredible up to 37% discount and invest in top-tier clean energy products. Plus, you can get more from BLUETTI! Join BLUETTI’s lucky draw wheel, participate in social media giveaways, or simply subscribe to BLUETTI’s newsletter for generous gifts.
About BLUETTI Committed to a sustainable future, BLUETTI provides affordable green energy storage solutions for both indoor and outdoor use. Through initiatives like the LAAF (Lighting An African Family) program, BLUETTI has empowered over 100,000 African families in off-grid regions. With a dedication to innovation and addressing customer needs, BLUETTI has established itself as a trusted industry leader across more than 100 countries worldwide.For more information regarding BLUETTI products, please visit our homepage at https://www.bluettipower.com.au/
LOOP AND REED MANAGEMENT SAS (REED) SIGN AGREEMENT FOR €35 MILLION IN FINANCING TO CONTRIBUTE TO THE GLOBAL COMMERCIAL ROLLOUT OF THE INFINITE LOOP™ TECHNOLOGY
LOOP AND REED TO FORM JOINT VENTURE TO COMMERCIALIZE LOOP’S TECHNOLOGY ACROSS EUROPE
PARTNERSHIP IN LINE WITH LOOP’S STRATEGY OF DEPLOYING CAPITAL IN LOW-COST MANUFACTURING COUNTRIES SUCH AS INDIA AND HAVE A MORE ASSET-LIGHT MODEL FOCUSED ON LICENSING ITS TECHNOLOGY IN HIGHER COST COUNTRIES
Loop Industries, Inc.(NASDAQ:LOOP) (the “Company, Loop, we, us, or our), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate (PET) plastic and polyester fiber, today announced that the Company and Reed, a European investment firm focused on high impact and technology-enabled infrastructure, have signed definitive binding agreements, subject to certain closing conditions, for an investment of €35 million from Reed to fund the global commercialization of the Infinite Loop™ technology and have agreed to form a 50/50 joint venture for the European deployment of Loop’s technology.
The signing of this agreement occurred subsequent to the Company’s fourth quarter and full fiscal year 2024 financial release and 10-K filing and is therefore being announced separately as a further update to these filings.
Under the terms of the agreement, which has been signed following the completion by Reed of extensive operational, technical, ESG, and legal due diligence, Reed will provide capital as follows:
€10M investment in a Convertible Preferred Security to be issued by Loop, which contains a 13% PIK dividend rate and 5-year term;
€25M loan to Loop in two equal tranches – first tranche to support global deployment opportunities paid at closing and second tranche to support European deployment opportunities paid in the following 12 months with both tranches having a 13% PIK interest rate and 3-year term;
Loop is also concurrently negotiating financing with a governmental agency in order to complete the Company’s required financing for its planned monomer facility in India.
The closing of the transaction is subject to the fulfillment of certain closing conditions, principally the conditions that (i) Reed shall have successfully completed its first capital raising for its fund; and (ii) Loop shall have received a binding financing commitment from a governmental agency.
The Company understands that Reed’s funding negotiations are progressing well. The Company also believes that its process to obtain the government funding is advancing positively. While there can be no assurance that the abovementioned closing conditions will be met, the Company currently anticipates that the transaction should close by the end of the second quarter of the current fiscal year.
Julien Touati, CEO of Reed, commented saying: “We are convinced at Reed that tackling global sustainability issues such as plastic pollution requires scaling up the best technologies globally and applying them to large-scale capital-intensive projects locally. Our partnership with Loop Industries is a fantastic illustration of how this approach comes into play. After months of active engagement, we have been more than impressed with Loop management’s vision as well as the reliability and versatility of Loop’s technology. We will serve as a trusted partner for European expansion and are deeply honored to support Loop’s scale up in an active manner alongside Daniel and his team.”
Daniel Solomita, Founder and CEO of Loop Industries, commented saying: “We are thrilled to form this strategic partnership with Reed, this partnership enhances our strategy of deploying capital in low-cost manufacturing countries such as India and focus more on an asset-light licensing model in higher cost countries such as in western Europe. In addition to providing the capital required for Loop’s equity commitment in India, this partnership also brings strategic support from Reed’s experienced leadership thanks to their in-depth industry experience as well as their established relationships with major financial institutions.”
About Loop Industries Loop Industries is a technology company whose mission is to accelerate the world’s shift toward sustainable PET plastic and polyester fiber and away from our dependence on fossil fuels. Loop Industries owns patented and proprietary technology that depolymerizes no and low-value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpets and textiles of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). The monomers are filtered, purified and polymerized to create virgin-quality Loop™ branded PET resin suitable for use in food-grade packaging and polyester fiber, thus enabling our customers to meet their sustainability objectives. Loop™ PET plastic and polyester fiber can be recycled infinitely without degradation of quality, successfully closing the plastic loop. Loop Industries is contributing to the global movement towards a circular economy by reducing plastic waste and recovering waste plastic for a sustainable future.
Common shares of the Company are listed on the NASDAQ Global Market under the symbol “LOOP.”
For more information, please visit www.loopindustries.com. Follow Loop on Twitter: @loopindustries, Instagram: loopindustries, Facebook: Loop Industries and LinkedIn: Loop Industries
Forward-Looking Statements This news release contains “forward-looking statements” as defined in the U.S. Private Securities Litigation Reform Act of 1995. Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “should,” “could,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or “continue,” the negative of such terms or similar words. These forward-looking statements include, without limitation, statements about Loop’s market opportunity, its strategies, ability to improve and expand its capabilities, competition, expected activities and expenditures as Loop pursues its business plan, the adequacy of its available cash resources, regulatory compliance, plans for future growth and future operations, the size of Loop’s addressable market, market trends, and the effectiveness of Loop’s internal control over financial reporting. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond Loop’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with among other things: (i) commercialization of our technology and products, (ii) our status of relationship with partners, (iii) development and protection of our intellectual property and products, (iv) industry competition, (v) our need for and ability to obtain additional funding relative to our current and future financial commitments, (vi) engineering, contracting, and building our manufacturing facilities, (vii) our ability to scale, manufacture, and sell our products in order to generate revenues, (viii) our proposed business model and our ability to execute thereon, (ix) the ability to obtain the necessary approvals or satisfy any closing conditions in respect of any of our proposed partnerships, (x) our joint venture projects and our ability to recover certain expenditures in connection therewith, (xi) adverse effects on the Company’s business and operations as a result of increased regulatory, media, or financial reporting scrutiny, practices, rumors, or otherwise, (xii) disease epidemics and other health-related concerns and crises, which could result in reduced access to capital markets, supply chain disruptions and scrutiny, embargoing of goods produced in affected areas, government-imposed mandatory business closures and any resulting furloughs of our employees, government employment subsidy programs, travel restrictions or the like to prevent the spread of disease, or market or other changes that could result in non-cash impairments of our intangible assets, and property, plant and equipment, (xiii) the effect of the continuing worldwide macroeconomic uncertainty and its impacts, including inflation, market volatility and fluctuations in foreign currency exchange and interest rates, (xiv) the outcome of any U.S. Securities and Exchange Commission (“SEC”) investigations or class action litigation filed against us, (xv) our ability to hire and/or retain qualified employees and consultants, (xvi) other events or circumstances over which we have little or no control, and (xvii) other factors discussed in Loop’s Annual Report on Form 10-K for the fiscal year ended February 29, 2024 filed with the SEC and in Loop’s subsequent filings with the SEC. More detailed information about Loop and the risk factors that may affect the realization of forward-looking statements is set forth in Loop’s filings with the SEC. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at http://www.sec.gov. Loop assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.
For More Information: Investor Relations: Kevin C. O’Dowd, Investor Relations Loop Industries, Inc. +1 617-755-4602 kodowd@loopindustries.com
Media Inquiries: Andrea Kostiuk, VP Marketing & Communications Loop Industries, Inc. +1 (450) 951-8555 akostiuk@loopindustries.com
Loop Industries, Inc. (Nasdaq:LOOP) (the Company or Loop), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate (PET) plastic and polyester fiber, today announced its collaboration with On, the Swiss sportswear brand, and unveiled the launch of the Cloudeasy Cyclon shoe. This innovative shoe, part of On’s Circular Cyclon™ program, is a groundbreaking achievement in sustainable footwear, featuring an upper crafted from yarn made with Loop’s 100% recycled polyester fiber using the Infinite Loop™ fiber-to-fiber recycling technology.
Photo: The Cloudeasy Cyclon shoe, featuring an upper crafted from yarn made with Loop’s 100% recycled polyester fiber using the Infinite Loop™ fiber-to-fiber recycling technology.
This collaboration combines On’s commitment to performance and sustainability with Loop’s disruptive technology to manufacture a shoe that is not only manufactured with recycled polyester fiber but can also be recycled into new shoes endlessly. This closed-loop system minimizes waste and maximizes sustainability, setting a new standard for environmentally responsible footwear manufacturing. Coloured, multi-material textile waste that was destined to be incinerated was diverted and upcycled into recycled polyester fiber and used in the upper of the Cloudeasy Cyclon shoe. The recycled polyester fiber was created from purified rDMT and rMEG monomers that were manufactured at Loop’s depolymerization facility in Terrebonne, Quebec, which were then polymerized into 100% recycled virgin quality Loop™ PET resin by Loop’s strategic partner, Ester Industries Ltd. On is the first footwear company to launch a shoe using the Infinite Loop™ fiber-to-fiber recycling technology.
The Cloudeasy Cyclon represents a new era of sustainable footwear and sets a precedent for circularity in the industry. The Infinite Loop™ technology not only reduces reliance on virgin materials produced from fossil fuels but also significantly cuts down carbon emissions by up to 79%1. Together with Loop, On is setting a new benchmark and standard for sustainable footwear, leading the way towards a circular future for the footwear and textile industry.
“We are excited to collaborate with Loop Industries as we take this significant next step in our circularity journey,” said Begüm Kürkçü, Director of Sustainability at On. “This latest expansion of the Cyclon program brings us closer to our long-term vision of becoming circular through design and business models.”
Daniel Solomita, Founder and CEO of Loop Industries, commented ” Our collaboration with On is a prime example that demonstrates the power and impact of fiber-to-fiber recycling, and showcases how polyester fiber waste can be transformed into virgin quality, recycled materials for new products. Our Infinite Loop™ technology enables brands to lower their carbon footprint without impacting quality or performance and helps pave the way for a more circular approach to manufacturing.”
The Cloudeasy Cyclon is available online through On’s subscription service Cyclon™ at www.on.com/cyclon
To view the press release issued by On, please click on the following link:
About On On was born in the Swiss Alps in 2010 with the mission to ignite the human spirit through movement – a mission that still guides the brand today. Fourteen years after market launch, On delivers industry-disrupting innovation in premium footwear, apparel and accessories for high-performance running, outdoor, training, all-day activities and tennis. On’s award-winning CloudTec® innovation, purposeful design and groundbreaking strides within the circular economy have attracted a fast-growing global fan base – inspiring humans to explore, discover and Dream On.
On is present in more than 60 countries globally and engages with a digital community on www.on.com.
1 Life Cycle Assessment of Loop GEN II Infinite Loop France done by Franklin Associates, a division of ERG, compares kg for kg Loop PET vs. Virgin PET. CO2 savings are compared to the production of virgin PET made from fossil fuels and the avoided incineration of waste used as a feedstock.
About Loop Industries Loop Industries is a technology company whose mission is to accelerate the world’s shift toward sustainable PET plastic and polyester fiber and away from our dependence on fossil fuels. Loop Industries owns patented and proprietary technology that depolymerizes no and low-value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpets and textiles of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). The monomers are filtered, purified and polymerized to create virgin-quality Loop™ branded PET resin suitable for use in food-grade packaging and polyester fiber, thus enabling Loop Industries Collaborates With on and Unveils Launch of the Cloudeasy Cyclon, a Shoe Manufactured With the Infinite Loop™ Fiber-To-Fiber Recycling Technologyour customers to meet their sustainability objectives. Loop™ PET plastic and polyester fiber can be recycled infinitely without degradation of quality, successfully closing the plastic loop. Loop Industries is contributing to the global movement towards a circular economy by reducing plastic waste and recovering waste plastic for a sustainable future.
Common shares of the Company are listed on the NASDAQ Global Market under the symbol “LOOP.”
For more information, please visit www.loopindustries.com. Follow Loop on Twitter: @loopindustries, Instagram: loopindustries, Facebook: Loop Industries and LinkedIn: Loop Industries
Forward-Looking Statements This news release contains “forward-looking statements” as defined in the U.S. Private Securities Litigation Reform Act of 1995. Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “should,” “could,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or “continue” the negative of such terms or similar words. These forward-looking statements include, without limitation, statements about Loop’s market opportunity, its strategies, ability to improve and expand its capabilities, competition, expected activities and expenditures as Loop pursues its business plan, the adequacy of its available cash resources, regulatory compliance, plans for future growth and future operations, the size of Loop’s addressable market, market trends, and the effectiveness of Loop’s internal control over financial reporting. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond Loop’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with among other things: (i) commercialization of our technology and products, (ii) our status of relationship with partners, (iii) development and protection of our intellectual property and products, (iv) industry competition, (v) our need for and ability to obtain additional funding relative to our current and future financial commitments, (vi) engineering, contracting, and building our manufacturing facilities, (vii) our ability to scale, manufacture, and sell our products in order to generate revenues, (viii) our proposed business model and our ability to execute thereon, (ix) the ability to obtain the necessary approvals or satisfy any closing conditions in respect of any of our proposed partnerships, (x) our joint venture projects and our ability to recover certain expenditures in connection therewith, (xi) adverse effects on the Company’s business and operations as a result of increased regulatory, media, or financial reporting scrutiny, practices, rumors, or otherwise, (xii) disease epidemics and other health-related concerns and crises, which could result in reduced access to capital markets, supply chain disruptions and scrutiny, embargoing of goods produced in affected areas, government-imposed mandatory business closures and any resulting furloughs of our employees, government employment subsidy programs, travel restrictions or the like to prevent the spread of disease, or market or other changes that could result in non-cash impairments of our intangible assets, and property, plant and equipment, (xiii) the effect of the continuing worldwide macroeconomic uncertainty and its impacts, including inflation, market volatility and fluctuations in foreign currency exchange and interest rates, (xiv) the outcome of any SEC investigations or class action litigation filed against us, (xv) our ability to hire and/or retain qualified employees and consultants, (xvi) other events or circumstances over which we have little or no control, and (xvii) other factors discussed in Loop’s subsequent filings with the Securities and Exchange Commission (“SEC”). More detailed information about Loop and the risk factors that may affect the realization of forward-looking statements is set forth in Loop’s filings with the SEC. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at http://www.sec.gov. Loop assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.
For More Information:
Investor Relations: Kevin C. O’Dowd, Investor Relations Loop Industries, Inc. +1 617-755-4602 kodowd@loopindustries.com
Media Inquiries: Andrea Kostiuk, VP Marketing & Communications Loop Industries, Inc. +1 (450) 951-8555 akostiuk@loopindustries.com
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