In The Spotlight
THEnergy sees the need for shortened due diligence processes and has developed a streamlined approach
Small and medium sized solar installations up to 200kW in size will find it easier to connect to Scottish Power Energy Networks grid in Scotland
Qtum Foundation Pte Ltd announce today that Energo Foundation Pte Ltd has implemented Qtum blockchain platform in its latest cooperation with First Gen, the largest producer of clean energy in the Philippines, on the company’s blockchain microgrid project.
The off-grid solar module company OPES Solutions has produced four million modules since the start of manufacturing in 2012. Production will be further expanded in the coming months, including the use of processes and machines developed in-house. In its factory, OPES Solutions processes and optimizes cells from various manufacturers and produces both standard off-grid modules and individually developed module types. Most recently, the company presented the ultra-light O-Lite solar module, which weighs only about a third of conventional products.
Fresh data, just off the oven, is smelling good. As much as 9,010 MW of new, ground-mounted solar power plants came into being on Indian soil in 2017-18, a record, and a shade higher than the target of 9,000 MW. Never mind the listlessness in the rooftop sub-segment (353 MW achieved against the...
Solar panels look impressive up on those roofs but how do they make a difference in our daily lives?
Well, for starters, if you live on a remote farmland, just a square metre of solar panel can help pump water for your farm and provide electricity for basic household needs such as lighting,...
Name of the Company: GEM Enviro Management Pvt Ltd
Set up in: 2013
Based in: New Delhi
Founders: Dinesh Pareekh and Sachin Sharma
Funding received: Self-funded. Plans to approach investors for scaling up
What it does: It helps convert India’s waste into resource. India generates over 9,00,000...
WILMINGTON, North Carolina—May 22, 2018—Global Nuclear Fuel (GNF) today announced that it has been awarded a long-term contract by Entergy Nuclear to continue to fuel its boiling water reactors.
The new fuel supply contract, valued at more than $250 million, runs from 2019 through 2031 and includes 10 reloads of GNF3. Entergy will be the first customer to take delivery of GNF3 in reload quantities.
“Entergy and GNF have a long successful history of working together, but it is the opportunity to support the Entergy Nuclear fleet’s bright future that makes us excited about this new agreement,” said Amir Vexler, CEO of GNF. “With this extended period of fuel reloads, we are pleased to be in a position to continue our long-standing relationship with our valued customer by fueling their BWRs for the next decade with GNF3, our newest, most advanced fuel product.”
Based on advanced technology developed by GNF, the GNF3 fuel assembly is designed to offer customers improved fuel cycle economics, increased performance and flexibility in operation and further improve on the reliability of GNF’s previous product lines.
GNF3 lead use assemblies have been operating in several U.S. nuclear power plants, including four lead use assemblies in Entergy’s River Bend Nuclear Station in St. Francisville, Louisiana since 2015.
“We are pleased to continue our partnership with Global Nuclear Fuel to receive fuel for our nuclear reactors,” said John Elnitsky, senior vice president, Engineering and Technical Services, Entergy Nuclear. “Being able to use one of the newest, most advanced fuel products on the market fits well with our strategies for achieving excellence in fuel reliability and gaining efficiencies for our customers.”
In 2019, Entergy’s River Bend nuclear facility will become the first plant in which GNF3 will be installed in reload quantities. GNF3 will be installed in reload quantities at Grand Gulf Nuclear Station in Port Gibson, Mississippi, in 2020. GNF has fueled Entergy’s Grand Gulf and River Bend reactors continuously since 2008.
GNF3 is fabricated with GNF’s latest technology at the company’s state-of-the-art facility in Wilmington, North Carolina.
Global Nuclear Fuel (GNF) is a world-leading supplier of boiling water reactor fuel and fuel-related engineering services. GNF is a GE-led joint venture with Hitachi, Ltd. and operates primarily through Global Nuclear Fuel-Americas, LLC in Wilmington, N.C., and Global Nuclear Fuel-Japan Co., Ltd. in Kurihama, Japan.
For more information, contact:
Global Nuclear Fuel Entergy Nuclear
Jon Allen Mark Sullivan
+1 910 819 2581 +1 601 368 5420
Facility adds up to 1,180 MW to the national grid, enough power to meet the electricity needs of up to 2.4 million Pakistani homes
Lahore, Pakistan; May 21, 2018: Quaid-e-Azam Thermal Power (Private) Limited (QATPL), Harbin Electric International Company Limited (HEI) and GE Power (NYSE: GE) announced the completion of combined cycle commissioning activities and the start of full-fledged commercial operations on May 20, 2018, 00:00 hours at the Bhikki Power Plant. The facility is now adding up to 1,180 megawatts (MW) of power to the national grid - the equivalent power needed to supply up to 2.4 million Pakistani homes.
The plant is owned by QATPL, HEI is the engineering, procurement and construction (EPC) contractor for the project, responsible for setting up the power plant and all commissioning activities and GE has supplied two advanced HA heavy-duty gas turbines, associated equipment and technical advisory services for the facility.
“We realize that the country’s energy needs are immediate and growing and have left no stone unturned in meeting these needs,” said Mr. Akhtar Hussain, Chief Operating Officer of QATPL. “Bhikki Power Plant is expected to run for up to 30 years and will help to power homes, villages, towns and cities across Pakistan. The selection of GE’s HA gas turbines, which have helped to deliver world record levels of combined cycle efficiency, will help ensure that the power generated at Bhikki is reliable, affordable and leaves a smaller environmental footprint than average, to the benefit of millions of Pakistanis.”
GE’s HA technology has now helped to deliver two world records - one for powering the world’s most efficient combined-cycle power plant, based on achieving 63.08 percent gross efficiency at Chubu Electric Nishi-Nagoya Power Plant Block-1 in Japan and another for helping EDF’s Bouchain Power Plant achieve 62.22 percent net combined cycle efficiency in France. Furthermore, the HA can ramp up or down quickly, while still meeting emissions requirements to help maintain grid stability. It thus offers an excellent flexible complement to renewable sources as Pakistan increases the proportion of solar and wind power in the energy mix, which is intermittent in nature and can fluctuate by time of day and season.
Mr. Li Chao, Chief Operation Officer of HEI and General Director of 1st Power Division of HEI added, “The Bhikki Power Plant is a testament to our commitment to power Pakistan and fuel progress. Each stakeholder involved in this project went the extra mile to cooperate, promote and benefit from one another’s expertise to bring power online at an accelerated timeframe.”
Mr. Mohamad Ali, President & CEO of GE’s Gas Power Systems – Projects in the Middle East, Pakistan and India, added, “Uninterrupted, affordable power is a cornerstone of modern societies. The successful completion of the Bhikki Power Plant will benefit communities, businesses and industries across Pakistan and lead the way in helping to secure the country’s energy future. We are honoured to support the government, our customer and the people of Pakistan in establishing this state-of-the-art facility.”
GE’s HA technology has completed off-grid, full-speed, full-load validation testing at extreme conditions well beyond those encountered while in service at the world’s largest, most thorough gas turbine test stand located at GE’s manufacturing facility in Greenville, South Carolina. The technology is the fastest growing fleet of heavy-duty gas turbines today, with more than 75 units ordered to date by over 25 customers across more than 15 countries, including the United States, Mexico, Brazil, Pakistan, Japan, Bahrain, China, France and others. More than 20 units are already operational, clocking in over 100,000 operating hours.
“We are proud to bring GE’s industry-leading HA technology to Pakistan, which will help the country save billions of rupees over the life-cycle of the Bhikki Power Plant through better fuel utilization and greater economies of scale,” said Mr. Sarim Sheikh, President & CEO of GE Pakistan, Iran and Afghanistan. “I congratulate the Government of Punjab and all other stakeholders involved in bringing this critical project online.”
GE’s HA technology also equips the Haveli Bahadur Shah (HBS) and Balloki power plants. Together, HBS, Bhikki and Balloki power plants are a significant component of the government’s strategy to enhance access to electricity to over 90 percent of the population and are expected to add a total of up to 3,600 MW to Pakistan’s grid.
GE has supported the development of energy, transportation and healthcare infrastructure in Pakistan for more than 50 years. Today, GE-built technologies can generate the equivalent power needed to supply up to a quarter of the country’s electricity.
Notes to Editor
About Quaid-e-Azam Thermal Power (Private) Limited (QATPL):
Quaid-e-Azam Thermal Power Private Limited (QATPL) is a wholly owned company of the Government of Punjab engaged in setting up the regasified liquefied natural gas (RLNG) Bhikki Power Plant to meet the energy demand in Pakistan.
About Harbin Electric International (HEI):
Harbin Electric International Company Limited (HEI) is an important member of the Harbin Electric Corporation, and is China’s leading large-scale enterprise in power project contracting and the export of power equipment. Established in 1983, HEI is primarily engaged in the engineering, procurement and construction of thermal, hydro and combined-cycle power plants, and the supply of complete sets of equipment; moreover, the company can be contracted to build large-scale transmission facilities and public utilities, and provides professional comprehensive after-sales service. Since 2014, HEI has expanded its business in power investment to help resolve a global shortage of electric power. http://www.china-hei.com
GE (NYSE: GE) is the world’s Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the "GE Store," through which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry. www.ge.com
About GE Power:
GE Power is a world energy leader that provides technology, solutions and services across the entire energy value chain from the point of generation to consumption. We are transforming the electricity industry by uniting all the resources and scale of the world’s first Digital Industrial company. Our customers operate in more than 150 countries, and together we power more than a third of the world to illuminate cities, build economies and connect the world.
Country’s utilities and government regulators are focused on aggressive electrification, decentralization, and digitization efforts, report finds
A second structural impediment to fully realizing DER benefits is the current grid planning approach, which biases grid design toward traditional infrastructure rather than distributed alternatives, even if distributed solutions better meet grid needs. Outdated planning approaches rely on static assumptions about DER capabilities and focus primarily on mitigating potential DER integration challenges, rather than proactively harnessing these flexible assets.
Section II demonstrated how California could realize an additional $1.4 billion per year by 2020 in net benefits from the deployment of new DERs during the 2016-2020 timeframe. This state-wide methodology was then applied to the planned distribution capacity projects for California’s most recent GRC request, showing how the deployment of DERs in lieu of planned distribution capacity expansion projects in PG&E’s next rate case could save customers over $100 million.
Motivated by the challenge faced in designing a grid appropriate to the 21st century, this report first focuses on determining the quantifiable net economic benefits that DERs can offer to society. The approach taken builds on existing avoided cost methodologies – which have already been applied to DERs by industry leaders – while introducing updated methods to hardto-quantify DER benefit categories that are excluded from traditional analyses. While the final net benefit calculation derived in this report is specific to California, the overall methodological advancements developed here are applicable across the U.S. Moreover, the ultimate conclusion from this analysis – that DERs offer a better alternative to many traditional infrastructure solutions in advancing the 21st century grid – should also hold true across the U.S., although the exact net benefits of DERs will vary across regions.
Designing the electric grid for the 21st century is one of today’s most important and exciting societal challenges. Regulators, legislators, utilities, and private industry are evaluating ways to both modernize the aging grid and decarbonize our electricity supply, while also enabling customer choice, increasing resiliency and reliability, and improving public safety, all at an affordable cost.
The share of renewables in overall power generation is rapidly increasing, both in developed and developing countries. Furthermore, many countries have ambitious targets to transform their power sector towards renewables. To achieve these objectives, the structure and operation of existing power grid infrastructures will need to be revisited as the share of renewable power generation increases.
Renewable energy technologies can be divided into two categories: dispatchable (i.e. biomass, concentrated solar power with storage, geothermal power and hydro) and non-dispatchable, also known as Variable Renewable Energy or VRE (i.e. ocean power, solar photovoltaics and wind). VRE has four characteristics that require specific measures to integrate these technologies into current power systems: 1) variability due to the temporal availability of resources; 2) uncertainty due to unexpected changes in resource availability; 3) location-specific properties due to the geographical availability of resources; and 4) low marginal costs since the resources are freely available.
A transition towards high shares of VRE requires a re-thinking of the design, operation and planning of future power systems from a technical and economic point of view. In such a system, supply and demand will be matched in a much more concerted and flexible way. From a technical perspective, VRE generation can be ideally combined with smart grid technologies, energy storage and more flexible generation technologies. From an economic perspective, the regulatory framework will need to be adjusted to account for the cost structure of VRE integration, to allow for new services and revenue channels, and to support new business models.
There are several technological options that can help to integrate VRE into the power system grid: system-friendly VREs, flexible generation, grid extension, smart grid technologies, and storage technologies. New advances in wind and solar PV technologies allow them to be used over a wider range of conditions and provide ancillary services like frequency and voltage control. Flexible generation requires changes in the energy mix to optimise production from both dispatchable and non-dispatchable resources. Smart grid technologies can act as an enabler for VRE integration, given their ability to reduce the variability in the system by allowing the integration of renewables into diverse electricity resources, including load control (e.g. Demand Side Management (DSM), Advanced Metering Infrastructure (AMI), and enhancing the grid operation and therefore helping to efficiently manage the system’s variability by implementing advanced technologies (e.g. smart inverters, Phasor Measurement Unit (PMU) and Fault Ride Through (FRT) capabilities).
Energy storage technologies can alleviate short-term variability (up to 2 Renewable Energy Integration in Power Grids | Technology Brief several hours), or longer-term variability through pumped-storage hydroelectricity, thermal energy storage or the conversion of electricity into hydrogen or gas.
Two immediate applications for deploying innovative technologies and operation modes for VRE integration are mini-grids and island systems. The high costs for power generation in these markets make VREs and grid integration technologies economically attractive since they can simultaneously improve the reliability, efficiency and performance of these power systems. This is, for example, the case of the Smart Grid demonstration project in Jeju Island, South Korea.
Furthermore, the right assessment and understanding of VRE integration costs are relevant for policy making and system planning. Any economic analysis of the transition towards renewables-based power systems should, therefore, consider all different cost components for VRE grid integration, such as grid costs (e.g. expansion and upgrading), capacity costs and balancing costs. Integration costs are due not only to the specific characteristics of VRE technologies but also to the power system and its adaptability to greater variability. Therefore, these costs should be carefully interpreted and not entirely attributed to VRE, especially when the system is not flexible enough to deal with variability (i.e. in the short-term).
Moreover, RE integration delivers broader benefits beyond purely economic ones, such as social and environmental benefits. Even though not straightforward, these externalities should be considered and quantified in order to integrate them into the decision-making process and maximise socio-economic benefits.
Due to the rapid technological progress and multiple grid integration options available, policy makers should build a framework for RE grid integration based on the current characteristic of the system, developing technological opportunities and long-term impacts and targets. In particular, policy makers should adopt a long-term vision for their transition towards renewables and set regulatory frameworks and market designs to foster both RE development and management of greater system variability. Such regulatory frameworks could include new markets for ancillary services and price signals for RE power generators that incentivise the reduction of integration costs.
Source: IEA-ETSAP and IRENA
BEIJING, May 24, 2018 /PRNewswire/ -- Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated (NASDAQ: QCOM), has introduced the new Qualcomm® Snapdragon™ 710 Mobile Platform, built on 10nm process technology. The Snapdragon 710 is designed with highly efficient architectures for artificial intelligence, featuring a multi-core AI Engine and neural network processing capabilities. The Snapdragon 710 is the first mobile platform in the new 700-tier portfolio, designed to exceed what is expected from today's high-tier mobile experiences by bringing select premium-tier features to a broader audience.
"The Snapdragon 710 Mobile Platform is the first in the newly defined and highly significant 700-tier, offering technologies and features previously only available in our premium-tier mobile platforms," said Kedar Kondap, vice president, product management, Qualcomm Technologies, Inc. "By incorporating key AI capabilities and performance advancements, the Snapdragon 710 is designed to transform our customers products into the ultimate personal assistant, enhancing critical everyday consumer experiences, such as high-end camera features that will benefit from on-device high-speed AI processing, without sacrificing battery life."
The Snapdragon 710 Mobile Platform provides new architectures, engineered to result in significant performance improvements over the 600-tier in the following areas:
AI: The new platform transforms the smartphone into a customized experience for users across camera and voice, powered by a multi-core AI Engine, delivering up to 2X overall performance improvements in AI applications, as compared to Snapdragon 660. Utilizing AI capabilities, the Snapdragon 710 makes it virtually effortless to capture and share contextually-aware photos and videos and personalize voice and speech patterns for more natural interactions. Through heterogeneous computing, the Snapdragon 710 Mobile Platform's newly enhanced architectures, including the Qualcomm® Hexagon™ DSP, Qualcomm® Adreno™ Visual Processing subsystem and Qualcomm® Kryo™ CPU, are engineered to work harmoniously to run on-device AI applications quickly, intuitively and efficiently.
Capture: The new Qualcomm Spectra™ 250 ISP supports enhancements in capturing professional-grade quality photos and videos with superior low light photography, noise reduction, fast autofocus, image stabilization, smooth zoom and real-time bokeh effects. The Qualcomm Spectra 250 ISP is designed to deliver super resolutions with up to 32MP single ISP and 20MP dual ISP. Additionally, the AI Engine in the Snapdragon 710 supports smooth, speedy video style transfer, deep portrait modes and Face ID / Unlock with active depth sensing.
Display: The Snapdragon 710 features 4K HDR playback for viewing HDR videos and apps – also a first outside the premium 800-tier. The addition of 4K HDR playback brings greater brightness, wider color gamut and color depth to the Snapdragon 710, resulting in enhanced visual quality when viewing 4K HDR supported content over the most popular video streaming services.
Connectivity: The Snapdragon 710 features the new Snapdragon X15 LTE modem, a Category 15 LTE modem that supports up to 800 Mbps download speeds. It brings some of the most advanced 4G LTE technologies to the 700-tier, including 4x4 MIMO technology (on up to 2 aggregated carriers) for up to 70% faster download speeds in weak signal conditions, and License-Assisted Access (LAA) for faster speeds in crowded places, compared to phones that don't support these features.
The Snapdragon 710 also offers an advanced suite of wireless technologies including cutting edge Wi-Fi features, Bluetooth 5, Qualcomm® Broadcast Audio and Qualcomm TrueWireless™ Stereo Plus to support wire-free listening experiences without wires between the left and right earbuds whilst delivering an enhanced user experience, including call voice in both ears, lower latency and longer battery life in the headset.
Performance and Battery: The platform's new architectures are engineered to deliver superior power efficiency, long-lasting battery life and an overall enhanced user experience. Due to enhancements to the Adreno 616 Visual Processing Subsystem architecture, Snapdragon 710-based devices can expect to see up to 40% reduction in power consumption for both gaming and 4K HDR video playback, as well as a 20% reduction in power consumption when streaming video, when compared to Snapdragon 660. Additionally, the new Kryo 360 architecture, built on ARM® Cortex™ technology, is optimized to support up to a 20% overall uplift in performance, 25% faster web browsing and 15% faster app launch times, compared to the Snapdragon 660.
With the latest Qualcomm® Quick Charge™ 4+ technology, users can get a 50% battery charge within 15 minutes.
The Snapdragon 710 Mobile Platform is available today and is expected to be found in consumer devices in the second quarter of 2018.
Qualcomm invents breakthrough technologies that transform how the world connects and communicates. When we connected the phone to the Internet, the mobile revolution was born. Today, our inventions are the foundation for life-changing products, experiences, and industries. As we lead the world to 5G, we envision this next big change in cellular technology spurring a new era of intelligent, connected devices and enabling new opportunities in connected cars, remote delivery of health care services, and the IoT — including smart cities, smart homes, and wearables. Qualcomm Incorporated includes our licensing business, QTL, and the vast majority of our patent portfolio. Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, operates, along with its subsidiaries, all of our engineering, research and development functions, and all of our products and services businesses, including, the QCT semiconductor business. For more information, visit Qualcomm's website, OnQ blog, Twitter and Facebook pages.
Qualcomm, Snapdragon, Hexagon, Adreno, Kryo, and Qualcomm Spectra are trademarks of Qualcomm Incorporated, registered in the United States and other countries. Quick Charge is a trademark of Qualcomm Incorporated.
Qualcomm Snapdragon, Qualcomm Hexagon, Qualcomm Adreno, Qualcomm Kryo, Qualcomm Spectra and Qualcomm Quick Charge are products of Qualcomm Technologies, Inc. and/or its subsidiaries.
Pete Lancia, Corporate Communications
John Sinnott, Investor Relations
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SOURCE Qualcomm Incorporated
ATLANTA and SHANGHAI, May 23, 2018 /PRNewswire/ -- Novelis Inc., the world leader in aluminum rolling and recycling, today announced it will invest approximately $180 million to double its automotive aluminum body sheet capacity at its Changzhou facility in China. The investment will be a continuous annealing solution heat (CASH) treatment line that will add approximately 100 kilotonnes of capacity and will include a high-speed slitter as well as a fully automated packaging line. These assets along with our proven operational expertise and first-mover advantage in China will enhance Novelis' ability to supply innovative aluminum solutions to its global automotive customer base as well as Chinese domestic producers. Novelis expects to begin expanding its existing facility in 2018 in order to be operational by 2020. Upon completion, Novelis expects to create approximately 160 full time jobs.
Since commissioning its initial automotive finishing line in Changzhou in 2014, Novelis has fully contracted its capacity. The timing of this investment is closely aligned with key customer product launches slated for 2020-2021 from both traditional automakers as well as electric vehicle startups.
"By adding another strategic asset to expand its operations in China, Novelis continues to leverage the strength of the Aditya Birla Group as the global leader in aluminum rolling," said Kumar Mangalam Birla, chairman of the board of directors of Novelis Inc. and chairman of the board of directors of Hindalco Industries Limited. "Investing ahead of projected customer demand enables Novelis to offer premium products and a reliable supply chain to automakers as they continue to adopt more automotive aluminum."
Worldwide, automotive aluminum demand is projected to nearly triple over the next eight years with the largest growth potential to be in China, as both domestic and global automakers increase aluminum penetration and production in the market.
"As our customers continue to see aluminum as the material of choice to meet their lightweighting and performance goals, Novelis is strengthening its leadership position in the world's largest automotive market place," said Steve Fisher, President and CEO, Novelis Inc. "We believe China's commitment to fuel efficiency and reducing emissions represent a large and favorable opportunity that will require greater adoption of aluminium, particularly in the rapidly growing electric vehicle market."
According to IHS Markit, total passenger vehicle demand in China is expected to reach 34 million units by 2025, with strong market growth coming from battery electric vehicles.
"Novelis has always had great commitment to the Chinese market and this investment is key to leading the next-phase of market development here," said James Liu, Managing Director of Novelis China, and Vice President, Automotive, Novelis Asia. "By adding not just manufacturing capacity, but also design and innovation capabilities, Novelis will be even more customer-centric and deeply devoted to promoting aluminum applications in the Chinese market."
Novelis' investment in China is its second automotive investment this year, having recently announced a $300 million greenfield manufacturing facility in Guthrie, Kentucky, USA.
Statements made in this news release which describe Novelis' intentions, expectations, beliefs or predictions may be forward-looking statements within the meaning of securities laws. Forward-looking statements include statements preceded by, followed by, or including the words "believes," "expects," "anticipates," "plans," "estimates," "projects," "forecasts," or similar expressions. Examples of forward looking statements in this news release include statements that the company expects to double its automotive aluminum body sheet capacity with the Changzhou facility. Novelis cautions that, by their nature, forward-looking statements involve risk and uncertainty and Novelis' actual results could differ materially from those expressed or implied in such statements. We do not intend, and we disclaim any obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise. Factors that could cause actual results or outcomes to differ from the results expressed or implied by forward-looking statements include, among other things: changes in the prices and availability of aluminum (or premiums associated with such prices) or other materials and raw materials we use; relationships with, and financial and operating conditions of, our customers, suppliers and other stakeholders; factors affecting our operations, such as litigation, environmental remediation and clean-up costs, labor relations and negotiations, breakdown of equipment and other events; economic, regulatory and political factors within the countries in which we operate or sell our products, including changes in duties or tariffs; changes in general economic conditions including deterioration in the global economy; and changes in government regulations, particularly those affecting taxes, derivative instruments, environmental, health or safety compliance. The above list of factors is not exhaustive. Other important risk factors included under the caption "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended March 31, 2018 are specifically incorporated by reference into this news release.
Novelis Inc. is the global leader in aluminum rolled products and the world's largest recycler of aluminum. The company operates in 10 countries, has approximately 11,000 employees and had $11.5 billion in revenue for its 2018 fiscal year. Novelis supplies premium aluminum sheet and foil products to transportation, packaging, construction, industrial and consumer electronics markets throughout North America, Europe, Asia and South America. Novelis is a subsidiary of Hindalco Industries Limited, an industry leader in aluminum and copper, and metals flagship company of the Aditya Birla Group, a multinational conglomerate based in Mumbai, India. For more information, visit novelis.com and follow us on Facebook at facebook.com/NovelisInc and Twitter at twitter.com/Novelis.
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SOURCE Novelis Inc.
Positioned to Expand Smart Metering and Related Services in Australia
ZUG, Switzerland and SYDNEY, May 23, 2018 /PRNewswire/ -- Global smart metering leader Landis+Gyr (LAND.SW) and Pacific Equity Partners (PEP) today announced an agreement to form a joint venture for the acquisition of Acumen from Australia's largest energy retailer, Origin Energy Limited. The joint venture will be known as intelliHUB Holdings Pty Ltd. The Acumen business includes the existing management and servicing of an already deployed 170,000 meters and a material, long-term contract with Origin Energy for the rollout of additional smart meters across Australia. The parties expect the transaction to close in the coming few months.
The intelliHUB business was established by Landis+Gyr in 2015 in preparation for the mass market rollout of smart meters in Australia under new contestability rules. It benefits from Landis+Gyr's global experience in smart metering technology, systems and operating large scale metering deployments overseas as it has refined the local offering. By acquiring the Acumen business, the combined entity is poised to rollout a significant proportion of the estimated 8 million smart meters to be deployed across NSW, Queensland, South Australia and the Australian Capital Territory starting immediately. Landis+Gyr will be contributing both cash and its intelliHUB business with combined equity value of up to AUD 75 million (approximately USD 57 million at current exchange rates).
Under the new joint ownership structure, the business will benefit from PEP's proven track record in business development to deliver long-term growth, underpinned by strong governance and sustainability. The joint venture has raised a starting position in excess of AUD 500 million of capital to finance the rollout of smart meters in Australia. This comes from a combination of PEP's new AUD 1 billion Secure Assets Fund and a banking consortium of eight leading Australian and global financial institutions.
The business will retain both the intelliHUB and Acumen brands as the combined businesses come together to focus on all facets of residential, consumer and industrial, embedded networks and solar metering services across Australia and New Zealand. The acquisition is an important milestone for Landis+Gyr as it transitions its footprint across Asia Pacific to a multi-faceted business offering market leading products, solutions and services for smart metering rollouts.
In parallel with the establishment of the joint venture, intelliHUB has entered into a five-year meter supply contract with Landis+Gyr with expected volumes of approximately 800,000 smart meters to be deployed to multiple utility customers across Australia and New Zealand.
"Landis+Gyr is the global leader in smart metering and offers the largest portfolio in the industry for utility companies and retailers that help bring the grid into the digital age. We have been investing for several years in our products and solutions for Australia and the partnership with intelliHUB will be crucial to giving the Australian market access to the best of our global smart metering products, solutions and services technologies," said Richard Mora, Landis+Gyr's chief executive officer.
"With deep international experience and having supplied more than 2 million of the 2.9 million smart meters in Victoria, Landis+Gyr has deep knowledge of the Australian market and consumer expectations. In the Power of Choice market structure, bringing together two industry leaders is an ideal solution to meeting customers' requirements. We are very pleased to have partnered with PEP on this acquisition and we are excited to continue to deliver market leading service across the nation and helping consumers better manage their energy," Mora concluded.
Cameron Blanks, Managing Director at PEP said: "The Australian market is just commencing a major widespread deployment of smart metering technology. This requires experienced partners that are acutely focused on the customer experience and getting the most out of this once in a generation technology refresh. We have partnered with Landis+Gyr and we believe this business will create an independent and differentiated experience for energy retailers, providing an exceptional rollout experience with the global leader in metering innovation."
Mr. Blanks added: "We have quickly formed a strong partnership and smooth working relationship with the entire Landis+Gyr team, it has been a pleasure to work with Landis+Gyr's CEO Richard Mora and his colleagues in Australia. Together we have developed a robust model to put our combined expertise towards building and growing the intelliHUB business."
PEP and Landis+Gyr were advised on this transaction by Credit Suisse, Highbury Partnership and Ironstone. Baker & McKenzie and Clayton Utz acted as legal advisers.
Landis+Gyr is the leading global provider of integrated energy management solutions for the utility sector. Offering one of the broadest portfolios of products and services to address complex industry challenges, the company delivers comprehensive solutions for the foundation of a smarter grid, including smart metering, distribution network sensing and automation tools, load control, analytics and energy storage. Landis+Gyr operates in over 30 countries across five continents. With sales of approximately USD 1.7 billion, the company employs c. 6,000 people with the sole mission of helping the world manage energy better. More information is available at www.landisgyr.com.
Pacific Equity Partners is a leading Australasian private equity firm. In addition to successfully managing five private equity LBO funds since its inception in 1998, the firm launched the PEP Secure Assets Fund in late 2017. SAF targets control-based investments across a range of infrastructure sectors including energy, water, transport, health, education and communications that possess a combination of protected cashflows and unrealised growth and performance improvement potential. The team provides strategic management experience and capital resources to maximise the performance of its investee companies through a focus on supporting management to drive operational improvement and realise additional growth opportunities. Further information on PEP and its investee companies can be found at www.pep.com.au.
This publication may contain specific forward-looking statements, e.g., statements including terms like "believe", "assume", "expect", "forecast", "project", "may", "could", "might", "will" or similar expressions. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors which may result in a substantial divergence between the actual results, financial situation, development or performance of Landis+Gyr Group AG and those explicitly or implicitly presumed in these statements. Against the background of these uncertainties, readers should not rely on forward-looking statements. Landis+Gyr Group AG assumes no responsibility to update forward-looking statements or to adapt them to future events or developments.
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DUBLIN--(BUSINESS WIRE)--The "Global Vacuum Circuit Breakers Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
Vacuum circuit breakers are electrical switching devices used on distribution and transmission networks for safety of the equipment and devices. They provide safe and reliable medium-voltage power distribution and stand out for their long service life. They are kind of circuit breakers where the arc quenching takes place in vacuum. They are widely used in industries, like building & construction, utilities, cement manufacturing, mining & metal, etc. The advantage of using a vacuum circuit breaker is that it can be operated frequently or at a place of a multi-breaking short circuit.
Load Management or Demand Side Management (DSM) relies on adjusting the load side, rather than the power station output. This method can be used by power utilities to manage peak period demand without relying on peaking power plant. This technique helps to significantly improve efficiency, and reduce emissions and generation costs.
As of 2017, Asia-Pacific was the leader of the market. China will be spending USD 315 billion to expand its power grid infrastructure over 2015-2020 period. It has plans to build a safe and environment-friendly smart grid by 2020, to promote the spread of clean energy. Beijing will be building long-distance transmission systems and dynamic power distribution systems to completely utilize hydro-power, wind, and solar.
- ABB Ltd
- General Electric
- Hitachi Ltd
- Siemens Ltd
- Hawker Siddeley Switchgear Ltd
- Fuji Electric
- LSIS Co. Ltd
- Mitsubishi Electric
- Kirloskar Electric Company
Key Topics Covered:
1. Executive Summary
2. Research Methodology
3. Market Overview
4. Market Dynamics
5. Value Chain Analysis
6. Industry Attractiveness - Porter's Five Force Analysis
7. Market Segmentation and Analysis
8. Regional Market Analysis
9. Key Company Analysis
10. Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/4pdvwr/global_vacuum?w=4
DUBLIN--(BUSINESS WIRE)--The "Global Microgrid Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global demand for energy is expected to increase by 30% between 2017 and 2040, with renewable sources of energy to contribute 40% of the increase in primary demand. To meet with the growing demand for energy, numerous new power projects are expected to be implemented across the globe, resulting in added concerns for grid stability. Countries across the globe are increasing the deployment of distributed power source, or microgrids, to reduce the overdependence on power grids and prevent power blackouts during natural calamities.
The integration of microgrids with wholesale power market is a big boost for the development of microgrid network in Europe. The widespread network of microgrid can be integrated with the power network, and the owners of the microgrid can execute the trading activities.
As part of Japan's policies to boost energy efficiency and power generation from renewable sources, the country's sustained efforts toward smart grid deployment is expected to supplement the microgrid market in the Asia-Pacific region. To increase resiliency against natural disasters, Japanese cities are moving away from large-scale power toward microgrids. Higashi-Matsushima, a coastal city that was stricken by the 2011 earthquake and tsunami, is leading the switch.
- ABB Ltd
- Siemens AG
- Honeywell International Inc.
- Schneider Electric SE
- Toshiba Corporation
- General Electric Company
- Eaton Corporation Plc
- S.A.dard Microgrid Inc.
- Princeton Power Systems Inc.
- S&C Electric Co.
Key Topics Covered:
1. Executive Summary
2. Research Methodology
3. Market Overview
4. Market Dynamics
5. Value Chain Analysis
6. Industry Attractiveness - Porter's Five Force Analysis
7. Market Segmentation and Analysis
8. Regional Market Analysis
9. Key Company Analysis
10. Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/8s8ck8/global_microgrid?w=4
東京発--(BUSINESS WIRE)--（ビジネスワイヤ） -- エンタープライズソフトウェア製品とサービスの世界的プロバイダーで、OracleおよびSAP ソフトウェアの第三者保守サポートプロバイダーとして業界をリードする リミニストリート（Nasdaq: RMNI）は、住宅・産業用CISソーラーパネルの開発／販売大手であるソーラーフロンティア株式会社が、SAP ERPアプリケーション向けの年間保守サポートとしてリミニストリートを採用したことを発表いたします。
ソーラーフロンティアでは、親会社である昭和シェル石油がSAPを採用したことに伴い、2010年にSAP ECC 6.0を導入しました。しかしながら、カスタマイズを極力行わず、標準機能を最低限のアドオンだけで利用している同社では、安定して稼働するシステムに対するベンダーサポートの利用頻度は高くありませんでした。それに加えて、問い合わせを行った場合のベンダーからのレスポンスが非常に遅く、場合によっては回答が来るまでに数週間を要することも少なくなかったことから、年間保守にかかる費用に見合ったサービスを受けられていないという実感を持っていました。
これについて、ソーラーフロンティア株式会社 IT企画推進室 室長の竹内 康晴 氏は次のように述べています。
ソーラーフロンティア株式会社 IT企画推進室の佐野 光義 氏は次のように述べています。
リミニストリートは、エンタープライズソフトウェア製品とサービスのグローバルプロバイダーであり、OracleおよびSAPのソフトウェア製品に対する第三者保守サポートにおいても、契約顧客数および認知度の両面において業界をリードしています。2005年以来、多くの受賞歴を持つ革新的プログラムにより、エンタープライズソフトウェア向けサポートサービスのあり方を塗り替えてきました。これにより、IBM、Microsoft、Oracle、SAPおよびその他のエンタープライズソフトウェアを利用するライセンシーにかかる総サポート費用の最大90%を削減することを可能にしています。そしてお客様は、現行のソフトウェアリリースを、アップグレードなしに少なくとも15年間使い続けることが出来るようになります。多様な業界のグローバル企業、フォーチュン500企業、中規模企業、公共セクター組織を含む1,580社以上の顧客が、信頼できる第三者保守サポートプロバイダーとして、リミニストリートにサポートを委託しています。詳細はhttp://www.riministreet.comをご覧ください。またTwitter （@riministreet ）、 Facebook、LinkedInでリミニストリートをフォローしてください。 (C-RMNI)
本プレスリリースには、過去に関する事実ではなく、1995年米国民事証券訴訟改革法のセーフハーバー規定に定義する将来見通しに関する記述が含まれています。通常、将来見通しに関する記述には、「かもしれない」、「はずだ」、「だろう」、「計画する」、「意図する」、「予知する」、「考える」、「推定する」、「予測する」、「可能性」、「思われる」、「求める」、「継続する」、「将来～だろう」、「期待する」、「見通し」などの単語や、その他類似の語句や表現が使用されます。これらの将来見通しに関する記述には、我々の2018年第２四半期及び2018年会計年度期の収益予想、業界、将来の事象、将来における機会や成長戦略、雇用計画、リミニストリートの有効市場に関する推定、顧客にとっての節約効果に関する予測などに関する記述が含まれます（ただしこれらには限定されません）。これらの記述は、さまざまな仮定および経営陣の現時点の期待に基づいており、実際の業績を予測するものではなく、過去に関する事実に基づく記述でもありません。これらの記述は、リミニストリートのビジネスに関連する多くのリスクおよび不確実性に左右されるものであり、実際の結果は大きく異なる可能性があります。これらのリスクおよび不確実性としては次のもの（ただしこれらには限定されない）が挙げられます。リミニストリートが活動するビジネス環境における変化（リミニストリートが活動する業界に影響を与えるインフレや金利、一般的な財務、経済、規制、および政治的な状況などを含む）。訴訟または政府当局による調査における不利な展開。当社訴訟に関連するOracleからの損害賠償返還の最終的な金額及び時期。好条件で既存債務を借り換えられるかの可能性。税金、法律、および規制の改正。競合製品と価格設定。増益管理の困難性。直近に展開した新規製品及びサービス（Rimini Street Mobility, Rimini Street Analytics, Rimini Street Advanced Database Security 及びSales Sales Cloud並びにService Cloud製品に関するサービス等を含む）の成功。リミニストリートの経営陣メンバーの終任。RMNIの普通株式の長期的な価値の不確実性。リミニストリートが2018年3月15日に証券取引委員会に提出したリミニストリートのForm 10-Kによる年次報告書の「Risk Factors」に記載している事項及び適宜それら事項について更新される内容、及びそれら事項がForm 10-Qによる四半期報告書、Form 8-Kによる最新の報告書およびリミニストリートがSECに提出するその他書面に更新されている事項。また、リミニストリートが現在重要でないと認識しまたは信じている追加のリスクが原因となり、実際の結果が将来見通しに関する記述の内容と異なることになる可能性もあります。さらに、将来見通しに関する記述には、本プレスリリースの発表時点でのリミニストリートの将来の事象に関する期待、計画、または予測、および考えが示されています。リミニストリートは、後発事象や今後の進展がリミニストリートの評価を変える原因になると予想しています。ただし、リミニストリートは、これらの将来見通しに関する記述を将来のある時点で更新することを選択する可能性がある一方で、法律で要求されていない限り、そのような義務を明示的に否認いたします。これらの将来見通しに関する記述は、本プレスリリース発行日後の時点におけるリミニストリートの評価を表すものとして依拠されるべきではありません。
© 2018 Rimini Street, Inc. All rights reserved. Rimini Streetは、米国およびその他の国におけるリミニストリートの登録商標です。Rimini Street、Rimini Streetロゴ、およびその組み合わせ、その他TMの付いたマークは、リミニストリートの商標です。その他のすべての商標は、それぞれの所有者の財産権を構成するものであり、別段の記載がない限り、リミニストリートは、これらの商標保有者またはここに記載されているその他の企業と提携や協力関係にあるものでも、またそれらを支持しているものでもありません。
- 10 August 2018 - 10 August 2018
- THE PRIDE, AEROCITY, NEW DELHI
- 14 June 2018 - 15 June 2018
- The Pride Plaza, Aerocity
- 28 June 2018 - 29 June 2018
- Fortune JP Celestial, Bangalore
- 17 May 2018 - 18 May 2018
- Holiday Inn New Delhi International Airport
- 08 February 2018 - 09 February 2018
- Hotel Holiday Inn
- Asset Area 12, Aero City Hospitality District, New Delhi, Delhi 110037
- 18 January 2018 - 19 January 2018
- Hotel Pride Plaza
- Asset 5A, Hospitality District, Aerocity, Indira Gandhi International Airport, New Delhi, Delhi 110037
WITHSTANDING HARSH OPERATING CONDITIONS
Hohhot Co., Ltd. operates a pump-storage plant (PSP) in Inner Mongolia, China, that supplements a wind farm and provides peak demand power, supplemental power capacity when production is reduced, and energy storage for stand-by emergency power and frequency regulation.
The operating conditions of the Hohhot PSP are harsh and required a specific design of pump turbines and motor-generators that includes:
Higher stability while operating over a large head range
Ability to withstand load and thermal cycles due to frequent starts and stops
Higher availability to cope with demand from the grid.
OBLIQUE ELEMENTS TO ENHANCE PERFORMANCE
GE installed four reversible, 306 MW Francis pump turbines and motor generator units at the PSP plant, and furnished technical and quality support for the unit equipment.
The motor generator’s upper bracket, rotor spider and stator frame were equipped with patented oblique elements that allow thermal expansion without moving parts, resulting in a maintenance free solution. Since this greatly reduces element fatigue and permits smaller clearances, the generators are more compact, efficient and reliable.
The maintenance-free oblique elements increase generator lifetime and—given their smaller foundation – decrease construction costs.
ACHIEVING DESIRED PARAMETERS
The PSP entered commercial operation in 2014 and the customer uses the plant to complement their wind farm production, as well as to provide the electrical network with power for peak demand, supplemental power for periods of reduced production, energy storage for emergency power stand-by and frequency regulation.
Courtesy GE Renewable Energy
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