BLUETTI, the pioneer in portable power solutions, will launch another IP65-rated Water Resistant Portable Power Station, the AC240, on April 2nd. This latest offering marks a significant leap forward from its predecessor the AC60, with increased power and faster charging. Designed to thrive in harsh environments, the AC240 is a game-changer for adventurers and emergency responders alike.
IP65-rated Protection Against All Elements Even in adverse weather conditions, the AC240 ensures that water stays out while the power stays on. It’s impervious to dust and resistant to low-pressure water jets from any angle, thanks to its patented technology and design, including independent air ducts, sealed electronic compartments, double-layer protected ports, and more.
Comprehensive Outdoor Power Solution
At around 72 lbs (33kg), the AC240 conveniently fits into any car trunk for portable power needs. Boasting a formidable 2,400W output, it effortlessly powers a range of devices such as air conditioners, microwaves, heaters, and coffee makers. Its 1,536Wh LFP battery can sustain a 20 cu. ft. fridge (1.2kWh/day) for at least one day.
Featuring multiple outlets, including AC outlets, USB-A, USB-C, and a 12V/30A RV port, the AC240 caters to diverse power needs. Supporting rapid max 2,400W AC charging and compatibility with various solar panels for up to 1,200W solar intake, the AC240 provides constant clean power for self-sustained adventures.
Expandable Power, Uninterrupted Backup
The AC240 is expandable with up to four B210 expansion battery packs, 2,150Wh each, for a combined capacity of 10,136Wh. These packs also double as independent, water-resistant power banks with three DC outputs and various charging options.
Additionally, the AC240 promises an uninterrupted power supply with its responsive UPS function, which detects outages and switches to battery power within just 15 milliseconds-industry-leading speed.
Availability and Pricing of the BLUETTI AC240 The BLUETTI AC240, backed by a 6-year warranty, will be purchasable on BLUETTI’s official website and Amazon store starting April 2nd, with exclusive early bird pricing.
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.
BLUETTI, a leading provider of portable power solutions, will be participating in the Smart Energy Expo 2024 at ICC Sydney from March 6-7. At booth #33, BLUETTIwill present its revolutionary energy solutions that are shaping the smart energy landscape.
What to Expect from BLUETTI: BLUETTI SwapSolar Ecosystem for Enhanced Road Trips
The ecosystem features the AC180T removable battery power station and the MultiCooler portable fridge, providing seamless power and freshness for outdoor adventures and long-term trips.
The AC180T power station delivers 1,800W power for essential devices from coffee makers to portable air conditioners. Its innovative hot-swappable battery design enables seamless battery replacement.
The MultiCooler portable fridge combines ice-making, refrigeration, and freezing in one compact unit. It has a spacious 42qt (40L) compartment to store all the supplies.
With adjustable temperature settings from -4°F to 68°F (-20 degrees C to +20 degrees C) and efficient power management through the BLUETTI app, the MultiCooler keeps food fresh and beverages chilled throughout the journey.
It can be charged from the mains, vehicles, the AC180T’s replaceable B70 batteries, and solar panels. A 716.8Wh B70 battery can power the MultiCooler up to 6 days.
The SwapSolar ecosystem is currently available for funding on Indiegogo until April, with incredible early bird pricing.
BLUETTI Premium Portable Power Stations for Powered Outdoor Experience BLUETTI will also be showcasing its range of portable power stations for every need and lifestyle, including the new Premium series, which offers increased capacities compared to previous models. For instance, the AC180P boasts 1,440Wh, providing longer runtime than its 1,152Wh predecessor AC180. With an output of 1,800W, it can power various devices and charges rapidly at 1,440W, reaching 80% capacity in just 45 minutes. Additionally, the AC70P, an upgrade from the EB70, can handle high-power resistive loads of up to 2,000W in Powerlifting mode, such as electric kettles. With 850W charging capability, it also replenishes more quickly.
Visit BLUETTI at booth #33 to experience firsthand the future of portable power solutions.
About BLUETTI By offering eco-friendly energy storage solutions for both indoor and outdoor use, BLUETTI aims to provide exceptional power experiences while also contributing to a sustainable future for our planet. Its strong commitment to sustainable energy has helped BLUETTI expand its reach to over 100 countries and gain the trust of millions of customers worldwide.
HDEX, the world’s first hydrogen exchange, is thrilled to announce complimentary access to its highly anticipated report, titled “Hydrogen Horizons 2024-2050: Navigating the Global Hydrogen Market.” This comprehensive 66-page report offers invaluable insights into the future of the hydrogen market, encompassing market trends, growth opportunities, and strategic recommendations.
“The global hydrogen market stands on the cusp of remarkable expansion, propelled by the transition toward a low-carbon economy, technological advancements, and supportive policies,” said Aron Dutta, Chairman of HDEX. “This report delves into future trends, consumer behaviors, and sales performance within the hydrogen market, making it an indispensable resource for industry professionals, researchers, and stakeholders.”
This new report supplies readers a strategic-level analysis and recommendations for growth in the hydrogen marketplace for the next three decades. These insights into all aspects of investment in the hydrogen space to help readers develop a comprehensive understanding of the market.For a limited time, get your copy of the report free at: https://bit.ly/3PrX4vR
About HDEX
At HDEX, we are committed to advancing the possibilities within the evolving hydrogen market, offering a reliable platform for seamless trade, and contributing to the sustainable future of energy. HDEX is a global company based in the United Kingdom. For more information, please join our mailing list at http://hdexgroup.com/.
Scheduled for 15-17 May 2024 in Bangkok, Thailand, Future Energy Asia will address the urgent need to drive investments and collaborations for tripling renewable energy capacity, accelerating low-emission technologies, and doubling the rate of energy efficiency.
Hihglights:
– Co-hosted by EGAT and PTT, Future Energy Asia Exhibition & Summit taking place from 15-17 May 2024 in Bangkok, aims to lead the sustainable energy transformation in Asia amidst rapid industrialisation and urbanisation – The conference is planned to address themes impacting the future of Asia’s energy landscape, including transitioning Asia towards carbon neutrality, utilising gas as a transition fuel, harnessing hydrogen, ammonia and alternative fuels, and financing renewable energy development – Thai government entities and global associations to engage in critical dialogue impacting regional energy policy – Ministry of Energy, Ministry of Digital Economy and Society, National Energy Technology Center (ENTEC), Energy Regulatory Commission of Thailand, Ministry of Natural Resources and Environment (MNRE), Thailand Convention and Exhibition Bureau and the Energy Regulators Regional Association (ERRA) – The exhibition acts as a hub for renewable energy innovation and investment, with support from energy majors – PTT, ABB, Bapco Energies, Black & Veatch, Cheniere, Emerson, Schneider and more
Endorsement from Thailand’s key governmental bodies, including the Ministry of Energy, Ministry of Digital Economy and Society, National Energy Technology Center (ENTEC), Ministry of Natural Resources and Environment (MNRE), Energy Regulatory Commission of Thailand, and the Thailand Convention and Exhibition Bureau, underscores the event’s critical role in aligning industry advancements with sustainable energy policies.
With its extensive content program featuring over 300 sessions and 2,500 conference delegates, Future Energy Asia will be the breeding ground for the strategies and solutions needed to navigate the energy transition in Asia.
The conference programme will focus on key themes including the strategic role of natural gas and LNG as transition fuels, supported by carbon capture and methane reduction efforts; the push towards alternative fuels like hydrogen, demanding significant government and industry investment; the surge in renewable energy development, requiring innovative solutions for integration and regulatory challenges; the importance of enhancing ASEAN’s power grid for improved sustainability and connectivity; and the pivotal role of digitalisation in managing complex energy systems.
More than 600 policy makers, industry leaders and academia will speak at the event to share insights across multiple stages, including notable figures like Somruedee Chaimongkol (CEO of Banpu), Dr Harald Link (Chairman, B. Grimm), Darmawan Prasodjo (President Director, PT PLN), and Dato’ Ir. Ts. Abdul Razib bin Dawood (CEO, Energy Commission, Malaysia).
“Events like Future Energy Asia are critical for sharing knowledge, strategies, and innovations that will drive our region’s energy transition,” stated Somruedee Chaimongkol, CEO of Banpu. “It’s an opportunity to redefine how we think about and use energy. It’s about building a collective future that prioritises innovation, resilience, and sustainability.”
Attended by over 22,000 professionals and featuring more than 350 exhibiting companies, Future Energy Asia Exhibition along with co-located events will act as a catalyst for innovation and investment in renewable energy and efficient systems. The showcase will present latest products, solutions and innovations driving forward Asia’s energy transition, from industry leaders such as PTT, ABB, Bapco Energies, Black & Veatch, Cheniere, Emerson and Schneider.
“By supporting Future Energy Asia, we’re investing in a future where energy is not only accessible but also efficient and sustainable for all,” shared by Mr. Auttapol Rerkpiboon, President and CEO, PTT. “It’s about building a collective future that prioritises innovation, resilience, and sustainability.”
“The collaboration and dialogue facilitated by Future Energy Asia are indispensable for bringing the industry together in tackling it’s decarbonisation goals,” said Narsingh Chaudhary, President, Asia Pacific & India, from Black & Veatch. “It’s truly a great venue to have deep discussions on industry challenges and share innovative global solutions that we bring to the region.”
Christopher Hudson, President, dmg events, said: “It is critical that we urgently address the increasing energy demand by growing economies in Asia while aligning with climate objectives. A synergistic approach between the government and the private sector is essential for propelling Thailand and the wider region towards a sustainable energy future. Events such as Future Energy Asia offer a platform to forge transformative collaborations and develop groundbreaking solutions to shape the future of the industry.”
Taking place alongside the event, and in strategic partnership with Future Energy Asia, the world’s leading energy authorities will gather at the Energy Regulators Forum (ERF) to discuss the complexities of the trilemma of security, affordability, and sustainability in the energy sector, and the urgent need for effective and adaptable regulatory policies.
Held annually by the Energy Regulators Regional Association (ERRA), the 21st edition of ERF will take place for the first time in Asia, uniting global regulators, visionary investors, system operators, top-tier consultants, and academics in high-level dialogue that will significantly impact the future of the energy market.
Also co-located with Future Energy Asia, Future Mobility Asia Exhibition and Summit is uniquely positioned to act as a bridge between innovators in the mobility sector and representatives from across the global energy value chain. Future Mobility Asia creates an inclusive environment that seeks to drive cross-sector collaboration, sparking the innovation needed to accelerate Asia’s mobility transition.
After the huge success of the BLUETTI AC500, which set a crowdfunding record of $12 million on Indiegogo, BLUETTI is back to shake things up by launching its first ecosystem SwapSolar on February 22 at AEDT 1 am. First unveiled at CES 2024, the SwapSolar includes the world’s first LFP-powered MultiCooler portable fridge and the AC180T hot-swappable battery power station. This groundbreaking duo offers an unprecedented blend of convenience and functionality for outdoor activities.
Meet BLUETTI SwapSolar: Two Birds, One Stone The SwapSolar is not just a product; it’s an answer to your outdoor power needs, ice-making desires, and long-distance travel cooling cravings – all in one. The AC180T ensures your independent outdoor power supply off the grid, while the MultiCooler’s 3-in-1 design provides excellent coolness and efficiency.
As BLUETTI’s spokesperson, James Ray, aptly puts it, “We want users to savor the joy of outdoor life. SwapSolar is your ticket to 3-6 days of happy camping trip. Power up and keep your food fresh at once, it’s time to go wild with BLUETTI!”
Introducing BLUETTI MultiCooler MultiCooler’s Triple Threat Imagine a fridge that does it all – ice making, refrigeration, and freezing – in one sleek design. The MultiCooler has a 42qt (40L) capacity, enough to hold about 60 cans of soda. With a temperature range of -4°F to 68°F (-20℃ to +20℃), it caters to all your temperature whims. Its powerful compressor ensures rapid cooling from 86°F to 32°F (30℃ to 0℃) in just 15 minutes! Plus, the built-in ice maker produces crystal-clear ice cubes in minutes, perfect for your fizzy drinks and cocktails.
Smart and Portable Design Weighing approximately 52.9lbs (25kg) net, the MultiCooler is designed for easy lifting with side grooves. Got a full load? No problem. Use the wheels and drawbar for effortless transport. It’s even equipped with 45°tilt protection for rough terrain. Worried about stability in your car? The optional slider has you covered. And yes, it operates quietly at 30dB in refrigeration mode and 45dB in ice-making mode, ensuring a peaceful environment.
Easy Control at Your Fingertips In addition to an intuitive LCD touch screen and a few touch buttons for easy use, the MultiCooler supports Bluetooth connectivity. Manage everything with the BLUETTI app – monitor temperatures in real time and adjust settings such as ECO mode and Self-Clean mode.
Versatile Charging for Any Situation The MultiCooler accepts four charging methods to keep your groceries at the right temperature. You can plug it directly into the wall or your car while making ice, a first in the industry. If you don’t want to drain your car battery, use one of the AC180T batteries to charge it for 3 days. With a battery inside and connected to solar panels, it will literally run non-stop as long as the sun is shining.
Introducing BLUETTI AC180T Swappable Battery for Extreme Flexibility The AC180T introduces a removable battery design that allows you to replace its two B70 batteries(716.8Wh) from the top. It uses long-lasting and safe LFP batteries with 3,000+ life cycles and 5,000+ swap times. Since BLUETTI also sells these batteries separately, you can choose multiple battery packs to suit your needs. For longer trips and emergencies, just swap them out for instant full power anytime, anywhere.
To charge these batteries, plug the AC180T directly into a wall outlet for fast 1,440W AC charging or use solar panels for a constant power supply.
AC180T Performance with Battery
AC180T with
1 * B70 Battery
2 * B70 Batteries
Output Power
1,200W
1,800W
Capacity
716.8Wh
1,433.6Wh
Charging Rate/Time
850W80% in 1 HourFull Charge in 1.5 Hours
1,440W80% in 45 MinsFull Charge in 70 Mins
Solar Input
500W Max., 12-60VDC
Pricing and Availability BLUETTI offers a reassuring 5-year warranty for the AC180T and 2 years for the MultiCooler. Join the Indiegogo campaign starting February 22 at AEDT 1 am and enjoy the best deals on limited quantities. Deliveries are available to select countries in Europe, the USA, Canada, and Australia.
Product
Retail Price ($)
Super Early Bird ($)
Limited Quantity
AC180T+MultiCooler
2198
1429
200
AC180T+MultiCooler+B70
2627
1719
100
* Note: Prices are in USD per Indiegogo’s policy. Costs for non-US countries are based on current exchange rates. Shipping fees apply outside the USA; rates will specified on the purchase page by then.
About BLUETTI From the very beginning, BLUETTI has tried to stay true to a sustainable future by offering affordable green energy storage solutions for both indoor and outdoor use. With years of innovation and a caring commitment to the environment, BLUETTI has curated an extensive and reliable product portfolio tailored for adventures, emergency backup power, and off-grid living, making a tangible and positive impact on minimizing our carbon footprint for the greater world we share. That’s why BLUETTI has become an industry leader that makes its presence in 100+ countries and is trusted by millions of customers across the globe.
Energy storage differs from other energy technologies in the breadth and complexity of its addressable market and revenue opportunities. This training course provides a comprehensive, business-focused analysis of these opportunities, allowing attendees to analyse, understand and segment them. While naturally focusing on battery storage, we also cover the variety of competing storage technologies and describe the wide variety of problems energy storage seeks to solve, at a wide range of deployment sizes and timescales, including key issues around practical project delivery.
Attendees will leave with a clear understanding of why and where storage markets are growing, what could limit this growth and what the future trends will be. So, if you are thinking of investing in or developing an energy storage business case, this course provides your essential grounding in the core issues.
A past attendees from Tuas Power Generation noted, “The course has been informative, very practical and covers a wide range of energy storage technology. It is a good introduction to ESS.”
Another past attendee from the Department of Energy also commented, “This was an excellent course. I will without a doubt recommend it to anyone interested in the interplay between energy storage systems, electricity networks and energy markets, policies, procurement and regulations. Trainer’s knowledge and group interaction makes the course not only highly informative, but also engaging and fun as we learn how to successfully transition to more environmentally sustainable energy systems.”
Battery storage (technologies, costs and practicalities)Applications and business cases for short-duration & intraday storageGrowing opportunities & technologies for long-duration storageDistributed storage, including the rise of Virtual Power Plants (VPPs)
Benefits of Attending
Gain a clear understanding of energy storage market opportunities & deployment considerationsA core focus on batteries, including clear explanations of the technologies and performance considerations (in language accessible to non-technical people)Discuss the key project delivery issues for battery storage projectsReview up-to-date examples from around the world and the lessons from themUnderstand the competitive playing field and the economic variables that impact energy storage business casesStay ahead of trends and emerging solutions, including growth opportunities for longer-duration storage solutions
Infocus International is a global business intelligence provider of strategic information and professional services for diverse business communities. We recognise clients’ needs and responds with innovative and result oriented programmes. All products are founded on high value content in diverse subject areas, and the highest level of quality is ensured through intensive and in-depth market research from local and international insights. For more information: www.infocusinternational.com
Sunbank is a Joint Venture With Samsung Renewables and the City of Summerside
BluWave-ai announced today the signing of a contract with the City of Summerside (PE, Canada) to deploy and activate its AI-driven Smart Grid Optimizer for Summerside’s Solar Farm: Sunbank.
BluWave-ai Summerside Sunbank
Sunbank boosts the city’s renewable generation with 21.6 MW of solar and a 10 MW/20 MWH hour battery, augmenting a 12 MW wind farm supplying the city. Integrated with Microsoft Azure, the cloud-based software solution from BluWave-ai optimizes the operation of Sunbank to make the most of available renewables, which cuts net energy costs and reduces the carbon footprint of the city.
Depending on weather conditions, solar and wind energy generation is highly variable and, as such, is not dispatchable. Dispatchable generation can be requested to supply needs at short notice to handle peaks in demand and shortfall in other supply. Most power grids today use dispatchable gas-fired and other fossil-fuel-fired power plants or, in Summerside’s case, importing energy from the mainland via subsea cable, which is generated with a mix of non-renewable and renewable sources. With a maximum peak load of about 35 MW, Summerside can manage most of this peak demand with clean energy if it is made dispatchable.
Energy storage such as Sunbank’s provides the capability to capture energy during surplus periods and release when needed to meet system demand. Intelligent control is needed to maximize the use of renewable energy, predicting demand and generation ahead of time to optimally schedule charging. This includes discharging energy storage and any shortfall required from other sources to avoid curtailing or wasting that energy. This is where BluWave-ai’s Smart Grid Optimizer comes into play.
BluWave-ai and the City of Summerside’s collaboration has expanded from North America’s first AI-enabled energy dispatch announced in 2019 to the first end-to-end AI-optimized smart grid in North America in 2021. This integrates control of local energy assets including solar and energy storage at the city’s sports arena complex, which delivered a 100% solar-powered concert in 2022. With this contract, the solution integrates the utility-scale Sunbank solar and energy storage facility, providing more effective dispatchable clean energy capacity to meet the city’s needs.
“With the Canadian Federal Government’s target for net zero electricity grids by 2035, a key to retiring natural gas peaking plants and coal-fired thermal plants, will be to manage fluctuating renewables in the context of the needs of the grid,” said Devashish Paul, CEO BluWave-ai. “Leveraging 26 USPTO patents filed in the area of grids and optimization embedded in our AI products, this project at Sunbank will be a key AI-enabled battery dispatch project applicable to smart grids across Canada by 2035.”
Summerside’s state-of-the art smart grid with BluWave-ai’s Smart Grid Optimizer showcases a solution that is applicable worldwide as system operators and power utilities strive to build in more renewables to reduce fossil-fuel generation and corresponding emissions. With increased renewable capacity in the system, responding to demand peaks and avoiding curtailing renewable energy during lower demand periods is a significant problem. For example, California curtails about five percent of its solar and wind energy each year: clean energy that would have powered 370,000 homes in the state. In addition to the capabilities in operation at Summerside, the Smart Grid Optimizer can be augmented with BluWave-ai EV Everywhere to corral the rapidly growing, large capacity of energy storage from EVs and behind-the-meter EV chargers connected within electricity distribution grids to further uptake renewables with AI-managed active charging.
“As the global conversation at COP28 centered on reducing worldwide emissions and addressing climate change, the City of Summerside has proactively implemented substantial measures to greatly diminish our carbon footprint. Our collaboration with Bluwave-ai showcases the pioneering end-to-end AI-controlled smart grid in our city, deploying cutting-edge innovation to deliver tangible outcomes in emission reductions and energy cost savings. The integration of Sunbank into our operations marks a significant stride towards achieving net zero energy for our community,” said Dan Kutcher, Mayor of the City of Summerside.
“Wind and solar farms all over North America need to be turned into effective dispatchable energy assets to maximize use of clean energy,” said Thomas Triplet, Senior Director of Engineering, BluWave-ai. “With a combination of Sunbank’s renewable energy expertise and BluWave-ai’s AI-driven optimization, we can provide this capability, reducing the reliance of electricity systems on fossil-fuel generation without sacrificing capacity to handle demand peaks.”
For more information on the BluWave-ai Smart Grid Optimizer or for independent power producers who want to meet with BluWave-ai’s Smart Grid Optimization experts at Distributech in Orlando, Florida, at Booth 1325, Kiosk 1 (Feb. 26-29), please contact info@bluwave-ai.com.
As the month of love unfolds, BLUETTI, a pioneer in portable power solutions, launches an extraordinary event starting February 2nd, offering innovative energy solutions tailored for both romantic home settings and adventurous outdoor escapades.
BLUETTI Home Backup Power Solutions: Reliable Standby Power Elevate home resilience with BLUETTI’s modular power system such as the AC300+B300, AC500+B300S, and the all-in-one EP500 power station, which includes a 5100Wh battery and a robust 2000W inverter. The modular design of the AC300 and AC500 allows for easy expansion to meet evolving power needs. With a swift 20-millisecond switching time, these systems guarantee an uninterrupted power supply during blackouts. They are critical for homes in areas prone to natural disasters, such as Queensland, which is currently struggling with power outages caused by flooding.
BLUETTI Versatile Power Stations: Power Indoors and Out Meet the AC180 and AC200MAX, outstanding powerhouse options for homeowners and adventurers alike. The AC180 boasts an impressive 1800W AC output and a 1186Wh capacity, perfect for weekend camping. The AC200MAX offers an expandable capacity ranging from 2048Wh to a maximum of 8192Wh with B300 expansion batteries. With 15 sockets and an efficient 1,400W dual charging capability, it ensures a seamless blend of power and versatility.
BLUETTI Portable Power Generators: Power On the Go Experience the portable power of the EB70, which delivers 1,000W of continuous power for almost anything from freezers to phones and small induction cookers. It has a 716Wh battery and 10 versatile outlets. Connecting it to solar panels ensures a stable power supply anywhere. For those on the move, the compact EB3A, weighing only 4.6kg, pumps out 600W of AC power from its 268Wh battery. It can simultaneously charge 9 devices and swiftly recharges via 430W AC+solar dual recharging when needed.
About BLUETTI From the very beginning, BLUETTI has tried to stay true to a sustainable future by offering affordable green energy storage solutions for both indoor and outdoor use.
With years of innovation and a caring commitment to the environment, BLUETTI has curated an extensive and reliable product portfolio tailored for adventures, emergency backup power, and off-grid living, making a tangible and positive impact on minimizing our carbon footprint for the greater world we share.
That’s why BLUETTI has become an industry leader that makes its presence in 100+ countries and is trusted by millions of customers across the globe.
This packaging innovation will be showcased at Pharmapack Europe 2024 (January 24th-25th, 2024, Paris Expo, Porte de Versailles – booth B78-B79, Hall 7.2)
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 and Bormioli Pharma, an international leader in pharmaceutical packaging and medical devices, today announced that an innovative pharmaceutical packaging bottle manufactured with 100% recycled virgin quality Loop™ PET resin will be unveiled within the Bormioli booth at Pharmapack Europe 2024.
Bormioli Pharma and Loop Industries aim to introduce market-ready solutions for the global pharmaceutical industry and the two companies began to collaborate over a year ago in order to achieve this goal. Bormioli Pharma tested Loop™ PET resin in its packaging, commissioning to independent third parties’ additional analysis to verify extractables levels with different solutions, also taking in consideration the worst-case scenario. The results of these tests set a new benchmark for recycled plastic products within the pharmaceutical industry, as the bottles produced with Loop™ PET resin do not release any substance deemed of toxicological relevance1.
Bormioli Pharma’s EcoPositive offering, gathering low-impact packaging solutions, currently constitutes 50% of their standard catalogue, contributing to position itself among the players with the broadest sustainable offerings on the international market.
In addition to the independent third-party testing commissioned by Bormioli Pharma, LoopTM PET resin was also tested by a worldwide leader in laboratory testing services and on December 13th, 2023 Loop announced that test results confirmed its Loop™ PET resin meets the strict requirements and standards outlined by the European Pharmacopeia (Ph.Eur. 3.1.15, Polyethylene Terephthalate for Containers for Preparations not for Parenteral Uses) and the United States Pharmacopeia (USP <661.1>, Plastic Materials of Construction) and is compliant for use in packaging applications in the pharmaceutical industry.
“Through this collaboration with Loop we’re strengthening our role as a solid, quality and reliable partner for the pharmaceutical industry” stated Andrea Lodetti, CEO of Bormioli Pharma. “Loop Industries shares our values and commitment, and together we made available a new pharma-grade sustainable solution, showing even greater safety standards than traditional ones.”
Daniel Solomita, Founder and CEO of Loop Industries, commented “Through our collaboration with Bormioli Pharma, we have developed an innovative pharmaceutical packaging solution manufactured from 100% recycled virgin quality LoopTM PET resin. This high-quality packaging alternative raises the bar for responsible solutions and helps set a new standard for sustainable packaging in the pharmaceutical industry.”
1 Results from an extractables study conducted by an independent, external lab and performed on bottles manufactured with Loop™ PET resin using different simulating solutions.
About Bormioli Pharma Bormioli Pharma works closely with the pharmaceutical industry and all companies that are working towards the future of healthcare globally. As a world-renowned player in the packaging industry, the company serves the pharmaceutical and biopharmaceutical markets with complete solutions, including glass and plastic bottles, plastic and aluminum closures and accessories. Bormioli Pharma’s wide product ranges are designed and manufactured with a focus on innovation and addressing the ever-growing sustainability issues. Moreover, each product is specifically conceived for the destination market thanks to an accurate portfolio segmentation. Bormioli Pharma has a global presence in over 100 countries, with more than 1,400 employees and 9 plants across Europe specialized in the production of glass and plastic packaging. Each year, the company produces more than 7 billion pieces and in 2022 reported annual sales of approximately 315 million euros. As a partner to the pharmaceutical industry, Bormioli Pharma invests and innovates with one goal in mind: making health a positive practice, available to everyone, kind to the planet.
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.
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.
The complexities of the trilemma of security, affordability, and sustainability in the energy sector, warrants the urgent need for effective and adaptable regulatory policies. Against this backdrop, the world’s leading energy authorities will gather at the Energy Regulators Forum (ERF) from 15-17 May 2024, to chart a dynamic course for energy policy and regulatory advancements that will spearhead the energy transition.
Held annually by the Energy Regulators Regional Association (ERRA), the 21st edition of the event will take place at the Queen Sirikit National Convention Centre in Bangkok, Thailand hosted and supported by the Energy Regulatory Commission of Thailand. Taking place for the first time in Asia, the event is set to unite global regulators, visionary investors, system operators, top-tier consultants, and academics in high-level dialogue that will significantly impact the future of the energy market.
In a strategic partnership this year, ERF will be co-located with the Future Energy Asia Exhibition and Summit (FEA) in Bangkok, allowing for powerful synergies with the hugely successful FEA that attracts an impressive 21,000 business leaders and policymakers, serving as the platform for propelling a revolutionary energy transition agenda from an Asian perspective.
Kacper Jarosz, Deputy Program Director at ERRA, emphasised the crucial role of energy regulators in the transition. He said: “Energy regulators safeguard the effectiveness of modern energy systems and markets. They are tasked with the delicate balancing act between entrepreneurship, innovation, and consumer protection. ERRA is at the forefront of international discussions on best practices, particularly regarding the energy transition. We are thrilled to bring the regulatory agenda of our 48-member regulatory authorities to the Future Energy Asia Exhibition and Summit in 2024.”
“How to progress the Energy Transition has become one of the most pertinent topics for the global energy sector. A transformation of the energy landscape in moving from fossil-based to zero-carbon sources has become a big challenge for every country to achieve while the risks of climate change are becoming increasingly tangible. The goal is to successfully reduce carbon emissions and limit global temperature increase to 1.5°C of pre-industrial levels. To meet the global warming limit, concerted efforts are urgently needed to reduce emissions and reach global net-zero emissions by 2050. This is why this ERC Forum has been organised, providing a platform to discuss, collaborate, share best practices, latest developments in energy policy and regulation, particularly in the ASEAN region.” explains Mr. Samerjai Suksumek, Chairman of the Energy Regulatory Commission, Thailand, on the motivation for this international collaboration of collocated events to take place in 2024.
Organised by dmg events, a global leader in energy events, Future Energy Asia features Strategic Summits, Technical Conferences, and a substantial exhibition showcasing over 400 innovative exhibitors. With the addition of ERF, Future Energy Asia will be a critical platform to address the most critical challenges and opportunities in the energy transition and define the future of energy.
Marcus Magee, Vice President – Asia at dmg events, spoke of the profound collaboration between the ERF and Future Energy Asia: “The collaboration of the ERF with Future Energy Asia demonstrates a clear commitment from both parties to create a united platform that accelerates the transition forward. The events have complete synergy, and the combination ensures that the highest calibre of attendees and decision-makers extract maximum effectiveness from their three-day attendance. We eagerly anticipate the fresh discussions, groundbreaking insights, and unprecedented collaborations that ERRA will bring to the forum.”
About ERRA
The Energy Regulators Regional Association (ERRA) is an inter-institutional non-profit organisation unified by the shared goal of its regulatory members to improve energy regulation. ERRA’s focus is to bring together effective energy regulators with the necessary autonomy and authority to make positive change. www.erranet.org
About ERC Thailand
The Energy Regulatory Commission (ERC) was established under the mandate of the Energy Industry Act B.E. 2550 (2007) which came into effect in 2007, stipulating the establishment of a regulatory body to oversee energy industry operations, which include electricity, natural gas, and energy network systems, in accordance with the objectives of the Act under the policy framework of the government. The purpose of this was to promote sufficient, stable, and fair energy services, protect the interests of energy users and energy industry licensees, and safeguard the benefits of energy users. The Office of the Energy Regulatory Commission (OERC) is also established under the Act to function as the secretariat to the ERC and operates as a state agency, which is not considered a government agency or state-owned enterprise under the law on budgetary procedure.
About The Energy Regulators Forum
The Energy Regulators Forum (ERF) will be hosted and supported by the Energy Regulatory Commission of Thailand. The ERF is going to be an anchor event of the Future Energy Asia Exhibition and Summit. ERRA will also support the Energy Regulatory Commission of Thailand hosting a Summit of ASEAN Regulators constituting a breakout session of the ERF. The goal of ERF is to convene national regulators in a global format with investors, utilities, consultants, traders and academics to engage in strategic dialogue on policy and regulatory developments, and to map a way forward for the energy transition in the coming years in ERRA regions including Asia.
About Future Energy Asia
Future Energy Asia (FEA) is Asia’s leading energy transition and transformation exhibition and summit, taking place in-person at Queen Sirikit National Convention Center, Bangkok, Thailand. Convening energy ministers, policy makers, energy majors including NECs and IECs, power generation authorities, midstream gas and LNG companies, EPCs and project consultants, and renewable energy developers, the exhibition and summit will advance innovation and collaboration with the participation of key energy stakeholders.
Headquartered in Dubai, United Arab Emirates since 1989, with offices in Canada, Egypt, Nigeria, Saudi Arabia, Singapore, South Africa, Thailand and the United Kingdom, dmg events is an international exhibitions, conference and intelligence company, attracting more than 1 million attendees to a portfolio of over 80 events each year. 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
