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Only 4% of American Small Business Owners Expect to Fail Due to COVID-19, According to Report Released by Guidant Financial

BELLEVUE, Wash., Feb. 9, 2021 /PRNewswire-PRWeb/ — 78% of American small business owners expect their businesses to survive the COVID pandemic, while only 4% expect to fail, according to the results of the latest Small Business Trends report released by small business financing company Guidant Financial. The remaining 18% are unsure of the future.

The report’s findings are based on the annual Small Business Trends survey conducted by the Small Business Trends Alliance (SBTA), a group of…

The report’s findings are based on the annual Small Business Trends survey conducted by the Small Business Trends Alliance (SBTA), a group of companies dedicated to supporting small business with data insights. The SBTA teamed up to conduct a joint survey of over 2,400 current and aspiring small business owners across the nation.

«While the pandemic has created numerous challenges for American small business, the resilience and innovation small businesses have shown demonstrates how even the most difficult times can’t stop the entrepreneurial spirit,» said David Nilssen, CEO of Guidant Financial.

More Key Findings:

61% of respondents received a Paycheck Protection Program (PPP) loan or Economic Injury Disaster Loan (EIDL). The survey was performed before the January 2021 stimulus package that reopened and clarified both programs.
41% of small businesses have implemented some type of innovative or disruptive change due to the pandemic, such as investing in hands-free POS systems or adding new product lines like anti-microbial products.
49% of small businesses owners were confident about the future of small business post-COVID. 34% were unconfident, while 17% remained neutral.
23% percent of respondents reported a loss of revenue due to COVID, while 6% reported increased revenue.
The number of profitable small businesses has decreased 19% year over year.
Confidence in small business due to the political climate dropped 18% year over year. The survey was conducted post-presidential election but before the events at the Capitol on January 6, 2021.
The number of women small business owners increased by 13% year over year.
The last few years have seen a shift from the plurality of small business owners who are Baby Boomers (41%) to those who are Gen X (46%). Millennials make up 13% of small business owners.
There was an 11% increase of people who went into small business due to their dissatisfaction with corporate America.
Cash remains the most popular form of small business financing, with 39% of respondents utilizing cash alone or combined with other forms of funding.

Accompanying infographic and report can be found https://www.guidantfinancial.com/small-business-trends/. .

Methodology
The Small Business Trends Alliance, an organization comprised of Deluxe, Guidant Financial, MyCorporation, Flippa, FRANdata, and AP Intego, conducted a joint email survey from December 1, 2020 to December 18, 2020 of more than 2,400 current and aspiring small business owners nationwide.

About Guidant Financial
Guidant Financial helps business owners secure financing to start, buy, or grow a business. An industry leader in business and franchise financing, Guidant works with new and existing entrepreneurs to identify, evaluate, and deploy customized financing solutions. Their services include, but are not limited to, 401(k) business funding, SBA loans, unsecured credit, and portfolio loans. In total, Guidant has helped over 20,000 entrepreneurs in all 50 states to invest more than $4 billion in funds to start small businesses, resulting in more than 85,000 U.S. jobs created. Visit Guidant at guidantfinancial.com.

About the Small Business Trends Alliance (SBTA)
Founded in 2019, the Small Business Trends Alliance (SBTA) is a group dedicated to supporting small businesses with data trends and insights. These data-backed insights are intended to help small business owners confidently make key decisions, and to bring transparency to small business for prospective entrepreneurs to learn more about their options. The 2020 SBTA includes Guidant Financial, Deluxe, Flippa, MyCorporation, FRANdata, and AP Intego.

Media Contact

Stacia Kirby, Guidant Financial, 206-478-5841, stacia@kirbycomm.com

SOURCE Guidant Financial

Nu Skin’s Epoch Collection Is First Beauty Brand With New Eco-Pac Packaging, Significantly Reducing Plastic Use And Carbon Emissions

PROVO, Utah, Feb. 9, 2021 /PRNewswire/ — Nu Skin, a global leader in premium-quality beauty and wellness products, today announced it is the first beauty brand to use sugarcane-based Eco-Pac sustainable packaging. With this refresh, Epoch, which is celebrating its 25th anniversary, is enhancing its commitment to better the environment. The 13-piece collection featuring products for body, skin, hair and baby reduces carbon emissions through new, sustainable Eco-Pac packaging, and features safe, natural and effective ethnobotanical ingredients from indigenous cultures around the world.

Epoch Ingredients Meet Epic Packaging
For centuries, humans have learned to use plants for all aspects of their lives. The knowledge behind many of today’s best-selling beauty products comes from the knowledge of indigenous peoples. Created by Nu Skin scientists in conjunction with Dr. Paul Cox, a leading ethnobotanist and Nu Skin Scientific Advisor, each Epoch product harnesses the power of global ethnobotanical wisdom through authentic formulations that improve the lives of people while protecting native plant diversity. From the Epoch® Baobab Body Butter that features the fruit of the African baobab tree to the Yin and Yang Mask with nourishing porcelain flower and charcoal, ingredients derived from indigenous Chinese cultures, the Epoch collection brings a piece of history and culture to every use.

Epoch’s new, sustainable Eco-Pac packaging also makes its mark not just on the environment, but on the beauty industry as well. Nu Skin is the first brand to use the Eco-Pac design, which is constructed of 100 percent Bio-pe (a bio-based plastic resin derived from sugarcane), using 83 percent less carbon emissions and an average of 10 percent less plastic per product.

The light-weight packaging, which recently won a Spark award for its innovation in sustainability, does not include any fossil-fuel-based ingredients and features a monolayer structure for recycling ease. Each product also features new and noteworthy artwork linking the history of the ingredients to the people and cultures from which the ethnobotanical wisdom originated.

«At Nu Skin, we have been committed to creating tremendous, mindful skincare since day one,» said Ryan Napierski, president. «Our Epoch brand is no different – we have always used ingredients from indigenous cultures to create each product, and now, we’re thrilled to offer packaging that does better for our environment and further pays tribute to local communities. The new Eco-Pac packaging is part of Nu Skin’s pledge to make all of our packaging recycled, recyclable, reusable, reduced or renewable by 2030.»

A Force for Good
In addition to visible results, sustainable packaging and reduced emissions, the Epoch collection gives back to benefit the planet. For the last 25 years, donations from Epoch® product sales have accounted for more than $13 million donated to the Nu Skin Force for Good Foundation. To enhance giving opportunities and deepen the impact, the Foundation grants funds to Nu Skin’s long-term charity partners and invests in global giving initiatives. For example, one of Nu Skin’s charity partners, Seacology, has already saved more than 1.4 million acres of some of the planet’s most vulnerable ecosystems, benefiting indigenous and island communities. Feed the Children, an integral part of the Seeds of Hope initiative, has planted the majority of the 650,000 fruit and baobab trees in villages throughout Malawi to give local communities food and a renewable resource.

The Epoch Line and Availability
The 13-piece Epoch collection features products for body, skin, hair and baby. The safe and effective ingredients found in each Epoch product are also used as natural remedies from historic cultures across the globe. The new Epoch packaging will be available per product on a rolling basis in each market beginning next month. Epoch products range in price from $14 to 40. For more information, please visit www.nuskin.com

About Nu Skin
Founded more than 35 years ago, Nu Skin develops and distributes innovative consumer products, offering a comprehensive line of premium-quality beauty and wellness solutions. The company builds upon its scientific expertise in both skin care and nutrition to continually develop innovative product brands that include the Nu Skin® personal care brand, the Pharmanex® nutrition brand, and most recently, the ageLOC® anti-aging brand. The ageLOC brand has generated a loyal following for such products as the ageLOC LumiSpa skin cleansing and treatment device, ageLOC Youth nutritional supplement, the ageLOC Me® customized skin care system, as well as the ageLOC TR90® weight management and body shaping system. Nu Skin sells its products through a global network of sales leaders in Asia, the Americas, Europe, Africa and the Pacific. As a long-standing member of direct selling associations globally, Nu Skin is committed to the industry’s consumer guidelines that protect and support those who sell and purchase its products through the direct selling channel. Nu Skin International is a wholly owned subsidiary of NSE, Inc., which is traded on the New York Stock Exchange under the symbol (NYSE: NUS). More information is available at nuskin.com.

Nu Skin Social Media Channels
fb.com/nuskin twitter.com/nuskin instagram.com/nuskin fb.com/ForceForGood

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SOURCE Nu Skin

Texas Trees Foundation Supports the City of Dallas’ Strategic Action Against an Impending Ash Tree Infestation

DALLAS, Feb. 9, 2021 /PRNewswire/ — The Emerald Ash Borer (EAB), an invasive, wood-boring beetle that targets ash trees, is posing a substantial threat to Dallas’ urban forest, on both public and private land, as reported in Texas Trees Foundation’s State of the Dallas Urban Forest Report.

EAB kills unprotected ash trees within 2-5 years of infestation, eliminating entire untreated ash tree populations within 10 years.

Texas Trees Foundation’s 2015 <a…

EAB kills unprotected ash trees within 2-5 years of infestation, eliminating entire untreated ash tree populations within 10 years.

Texas Trees Foundation’s 2015 State of the Dallas Urban Forest Report found that 13.1 percent of all trees in the city are ash, which accounts for an estimated population of nearly 2 million ash trees across Dallas.

In 2015, the city’s ash population was valued at $890.3 million, based on its structural value and ecosystem benefits.

«We are grateful to the City of Dallas for its efforts to understand, monitor, and strategically respond to the impending Emerald Ash Borer infestation,» said Janette Monear, Texas Trees Foundation CEO/President. «Texas Trees Foundation urges the City to implement a SLAM approach, which recommends treatment of 20 percent of the ash population annually. This strategy will slow the spread of EAB, preserve valuable ash trees, and minimize public costs.»

An assessment of the condition of the ash trees in the Trinity Forest and City of Dallas public property will be necessary for a successful EAB mitigation strategy. The SLAM strategy will utilize this information to reduce pest populations through tree treatments and the removal of only low-quality trees with replacement plantings.

The treatment is expected to protect 99 percent of the city’s ash trees after 10 years.

«EAB poses a serious threat to Dallas’s urban forest, especially the Great Trinity Forest where most of the Dallas’ ash trees are found,» said Zach Wirtz, Texas Trees Foundation Urban Forestry Manager. «We can mitigate this threat through thoughtful, research-based approaches that have proven more financially and environmentally effective than outright tree removal.»

Cities that delay action or rely on a removals-only approach may be overwhelmed with public risk trees. This strategy will not only save money, but it will also reduce liabilities.

For more information about the Emerald Ash Borer and Texas Trees Foundation’s recommended strategic approach against the infestation, please contact Zach Wirtz at zach@texastrees.org or call 214-953-1184.

Related Files

EAB Brief.pdf

Related Images

emerald-ash-borer-infestation.jpg
Emerald Ash Borer Infestation
Nebraska Forest Service: Example of an ash tree infested by the Emerald Ash Borer.

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SOURCE Texas Trees Foundation

Teamsters Laud House Committee For Including Pension Reform In Stimulus Bill

WASHINGTON, Feb. 9, 2021 /PRNewswire/ — The Teamsters are applauding the House Ways & Means Committee’s inclusion of a multiemployer pension reform measure in a broader stimulus package introduced by the panel yesterday.

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In unveiling language included in the Butch Lewis Emergency Pension Plan Relief Act of 2021, the House panel took the first step towards ensuring that millions of retirees and active workers who have played by the rules will receive the pension benefits they earned through years of hard work.

«The financial distress many of these plans are facing is beyond the control of retirees and workers,» Teamsters General President Jim Hoffa said. «While multiemployer pension plans have been buffeted by economic turbulence over the decades, the situation has been seriously exacerbated by the current pandemic.»

Through no fault of their own, the earned pension benefits of millions of retirees and active workers are being threatened due to the deteriorating financial status or the impending insolvency of hundreds of multiemployer pension plans – including the Teamsters’ own Central States Pension Fund – representing more than 1 million participants.

The shutdown of the U.S. economy has greatly amplified the financial struggle of these plans. Hundreds of employers are now facing bankruptcy and cannot contribute to multiemployer pension funds; employees have lost their jobs and the sharp drop in interest rates have hit plans hard. Senior citizens and essential workers are disproportionately impacted by both the impacts of COVID-19 and the multiemployer pension crisis.

Founded in 1903, the International Brotherhood of Teamsters represents 1.4 million hardworking men and women throughout the United States, Canada and Puerto Rico. Visit www.teamster.org for more information. Follow us on Twitter @Teamsters and «like» us on Facebook at www.facebook.com/teamsters.

Contact:
Galen Munroe, (202) 439-7427
gmunroe@teamster.org

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SOURCE International Brotherhood of Teamsters

International Battery Metals Ltd. Announces Private Placement with Existing Shareholders Sorcia Minerals LLC and Evl Holdings, LLC

VANCOUVER, BC, Feb. 9, 2021 /PRNewswire/ – International Battery Metals Ltd. (the «Company») (CSE: IBAT) The Company announced today that its directors have approved a private placement by the Company’s existing shareholders Sorcia Minerals LLC («Sorcia») and EVL Holdings, LLC («EVL)») of up to 17,250,000 units at $0.58 per unit for proceeds of up to $10,005,000 CAD. Each unit will consist of one common share and one share purchase warrant. Each warrant will be exercisable to purchase an additional common share at a fixed price of $0.58 per share for a period of 2 years from closing. 50% of the units will be purchased by Sorcia Minerals LLC and 50% will be purchased by EVL. The placees are not acting jointly and in concert.

Under the terms of the private placement agreements the placees will be granted a pre-emptive right for two years from closing, in respect of any equity securities issuance by the Company, to purchase at fair market value the amount of securities required to maintain their percentage holding of the Company. The placees have agreed to vote their shares with management on general meeting matters during the two-year period.

The proceeds will be used for the final engineering and continued fabrication of the mobile lithium extraction unit, and, also for working capital.

Because the purchasers are both insiders of the Company the private placement will be subject to approval of the minority shareholders under MI 61-101 and accordingly will not close until after it is approved at a meeting of the shareholders called for that purpose. Closing will take place within 5 business days of the required shareholder approval.

Sorcia is a subsidiary of Ensorcia Metal Corporation (Ensorcia) which holds 6,666,666 common shares . Sorcia currently holds 25,000,000 common shares and 25,000,000 share purchase warrants. EVL currently holds 25,000,000 common shares and 25,000,000 share purchase warrants. Upon completion of the private placement Ensorcia will hold directly, and indirectly through Sorcia, an aggregate of 40,291,666 common shares representing 34.30% of the shares then outstanding 38.8% after exercise of warrants. EVL will hold 33,625,000 common shares representing 28.62% of the shares then outstanding and 44.50% after exercise of warrants.

The securities issued under the private placement will be subject to a statutory hold period of four months from the date of issuance and will also be restricted securities under the United States Securities Act of 1933.

ON BEHALF OF THE BOARD

«Dr. John Burba«

Forward–looking and cautionary statements

This release may contain certain forward–looking statements with respect to the financial condition, results of operations and business of the Company and certain of the plans and objectives of the Company with respect to the same. By their nature, forward–looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward–looking statements.

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SOURCE International Battery Metals Ltd.

‘Fuel the Future’ Startup Challenge Launches to Encourage Clean Energy Innovation Across the Globe

SINGAPORE, Feb. 9, 2021 /PRNewswire-PRWeb/ — SparkLabs Clean Energy and SparkLabs Group (http://www.sparklabsgroup.com) is hosting a new clean energy startup challenge for any startup in the world. This would include any seed to Series B stage startup or nonprofit organization in the clean and sustainable energy space. The online applications opened on February 1, 2021 and interested entities can go to http://www.FuelTheFuture.co to apply.

Prof Subodh Mhaisalkar, Governing Board Member at the EcoLabs Centre of Innovation for Energy, which is supporting SparkLabs Clean Energy Accelerator and hosted by Nanyang Technological University, Singapore (NTU Singapore), said: «The ‘Fuel the Future’ Startup Challenge will increase the variety of potential start-ups, encouraging its participants to think out of the box when tackling global energy problems. This helps ensure that the best ideas and solutions are developed. The goals of the competition are also well aligned with NTU EcoLab’s aim of nurturing start ups to innovate, grow and thrive in the competitive energy sector.»

Companies are allowed to apply until February 19th, 2021 and winners will be announced on March 8, 2021. The grand prize winner will receive entry to SparkLabs Clean Energy’s first batch and an investment up to $150,000. Additionally, they will be given the opportunity to present at SparkLabs Korea’s demo day event, which is the largest accelerator demo day in the world with over 3,000 attendees who gather in-person in Seoul.

The «Fuel the Future» challenge will focus on these key aspects of the clean energy sector: carbon reduction, renewable energy, energy efficiency, energy storage, and transportation. There will also be additional recognition for entities from emerging markets and the nonprofit sector.

Jessica Jackley, a Partner at SparkLabs Global Ventures and Co-founder of Kiva.org, explained, «Clean energy will power the world within the next 30 years. The faster we can build and move toward this future, the better off we’ll all be. I’m really looking forward to being a part of something pushing this agenda forward.»

About SparkLabs Clean Energy
SparkLabs Clean Energy is a Singapore-based energy efficiency, circular economy, and carbon neutrality ecosystem accelerator that invests globally. This is a part of the SparkLabs Group, which is a network of startup accelerators and venture capital funds, and in partnership with the Ecolabs Centre of Innovation for Energy. They bring together start-ups and innovation with corporates, regulators, and industry organizations that make up a technology ecosystem to accelerate carbon neutrality and energy efficiency.

About SparkLabs Group
SparkLabs Group is a network of startup accelerators and venture capital funds that has invested in over 300 startups across 6 continents since 2013. SparkLabs Korea is the leading accelerator in South Korea along with SparkLabs Taipei in Taiwan and SparkLabs Cultiv8 in Australia respectively. SparkLabs Global Ventures is an early-stage fund that primarily invests in the U.S., SparkLabs Ventures is an early-stage for South Korea and SE Asia, and SparkLabs Global Capital is a late-stage vehicle. For more information, please visit http://www.sparklabsgroup.com

Media Contact

Bernard Moon, SparkLabs Group, 650-454-5244, bernard@sparklabsglobal.com

SOURCE SparkLabs Group

Davis Instruments EnviroMonitor agriculture platform now compatible with Pessl Instruments FieldClimate Software

HAYWARD, Calif., Feb. 9, 2021 /PRNewswire/ — Davis Instruments and Pessl Instruments, two leading global manufacturers of weather stations, data collection hardware, and software for agriculture have partnered to integrate data from Davis Instruments EnviroMonitor platform with Pessl Instruments FieldClimate software, creating the most holistic suite of agriculture sensors and software on the market.

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Davis EnviroMonitor and Pessl FieldClimate Collaboration Creates Holistic Agricultural Field Data Solution.

«We are excited to offer Pessl FieldClimate software to farmers around the world who trust Davis’ VantagePro2 weather stations and EnviroMonitor farm data platform to collect critical weather and other sensor data from their farms. This collaboration allows our customers to choose the best combination of hardware and software wherever they farm,» said Chris Sullivan, President of Davis Instruments.

Davis Instruments EnviroMonitor platform is built on their history of designing and manufacturing high quality, durable, scientific-grade sensor data collection systems, giving farmers cost-effective access to the power of data-driven decisions. Combining that heritage with FieldClimate’s software platform designed for collecting, analyzing, and displaying agronomic, meteorological, soil, and pest data creates a broad range of solutions. The integration with EnviroMonitor gives Davis customers access to the FieldClimate platform and Pessl’s enhanced decision support tools.

«No matter the innovation, cooperation, or other step in the development of the company, we always have this most important goal in mind: how will the farmer benefit? Partnering with Davis and combining 80-plus years of experience in farming solutions, weather data, and analysis, will directly impact farmers, easing the farming processes, saving resources, avoiding costly errors, and earning the most out of their hard work. Pessl has always strived to collaborate where it makes sense for all parties and where there is a clear win, win, win,» explains Gottfried Pessl, CEO and Founder of Pessl Instruments.

About Davis
Davis Instruments created the personal weather station industry nearly 40 years ago. Today, Davis Instruments is a leading global provider of accurate, durable, and affordable weather instruments and data services for homes, schools, government agencies, and farms.

About Pessl
Pessl Instruments offers tools for informed decision making. A complete range of wireless, solar-powered monitoring systems that supports almost all communication standards roofed under the METOS® brand is available worldwide. The systems, along with the online platform and mobile application FieldClimate, are used in agriculture, smart cities, research, hydrology, meteorology, flood warning and more.

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SOURCE Davis Instruments Corp.

NSF International Recognized by Forbes Among America’s Best Midsize Employers 2021

ANN ARBOR, Mich., Feb. 9, 2021 /PRNewswire/ — NSF International has earned the honor of being named one of 2021’s Best Midsize Employers in America by Forbes Magazine.

The award is presented by Forbes and Statista Inc., the world-leading statistics portal and industry ranking provider. Across 25 industry sectors, 1,000 employers have been awarded, 500 large employers and 500 midsize employers. Forbes announced the list earlier today before <a target="_blank"…

ANN ARBOR, Mich., Feb. 9, 2021 /PRNewswire/ — NSF International has earned the honor of being named one of 2021’s Best Midsize Employers in America by Forbes Magazine.

Forbes and Statista chose America’s Best Employers based on an independent survey from a sample of more than 50,000 U.S. employees working for companies employing at least 1,000 employees in America. Participants were not consulted through their employer, but anonymously though other online panels, allowing for open, honest discussion and feedback. The evaluations were based on both direct and indirect recommendations. Participants were first asked to rate their willingness to recommend their employer to friends and family. They were then prompted to evaluate other employers in their respective industries.

«I am proud to see our employees have shared their voices, earning our organization the distinction of being named one of the best places to work, not only in our profession, but across all industry sectors,» said President and CEO Kevan Lawlor. «We are honored to be recognized by Forbes and to be named among such an impressive roster of companies. Our commitment to building an engaged workforce with a customer-centric mindset is vital to our continued growth and success.»

About NSF International

NSF International (nsf.org) is an independent, global organization that facilitates standards development, and tests and certifies products for the food, water, health sciences and consumer goods industries to minimize adverse health effects and protect the environment. Founded in 1944, NSF is committed to protecting human health and safety worldwide. With operations in 180 countries, NSF International is a Pan American Health Organization/World Health Organization (WHO) Collaborating Center on Food Safety, Water Quality and Indoor Environment.

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SOURCE NSF International

Texas Gov. Greg Abbott Receives Tri Global Energy’s Wind Leadership Award

AUSTIN, Texas and DALLAS, Feb. 9, 2021 /PRNewswire/ — Tri Global Energy, a leading U.S. originator and developer of utility-scale renewable energy projects, today announced that Texas Gov. Greg Abbott is a recipient of the Tri Global Energy Wind Leadership Award. The annual award recognizes commitment to wind development and to the people who rely on wind projects to support their families and…

«Texans know that responsible stewardship of our environment must be a priority as we continue to utilize the natural resources available to us while also preserving the treasure that Texas is,» said Gov. Abbott in his Clean Energy Week Proclamation. «For this reason, clean and renewable energy are a valuable part of America’s future and are closely tied with Texas’ prosperity and success. While Texas continues its leadership in production in our oil and gas sector, the Lone Star State also is a national and international leader in wind energy.»

«Wind energy will thrive wherever it is economically competitive, and Texas is proof of that. The rapid growth of the wind industry in our state has helped to ensure Texas families and businesses have access to affordable electricity, all while powering job creation and new opportunities in the state’s rural communities,» said John Billingsley, Chairman and CEO of Tri Global Energy.

«Governor Abbott understands the positive impact of wind energy in Texas, and it is important to recognize his leadership,» said Billingsley.

About Tri Global Energy

Tri Global Energy is an independent renewable energy originator and developer in the U.S. The company is a leading wind developer in Texas and among the top five in the U.S. for projects under construction. Nearly 5,000 megawatts of TGE’s renewable energy projects are either in late stage development, financing, construction or operation, including wind, solar and energy storage projects.

Founded in 2009, Tri Global Energy’s mission is to improve communities through local economic development generated by originating and commercializing renewable energy projects. The company currently develops and owns utility-scale wind and solar energy projects in Texas, Nebraska, Illinois, Indiana, Pennsylvania and Virginia. Tri Global Energy is headquartered in Dallas with regional development offices in Lubbock, Texas; El Paso, Georgetown and Forreston, Illinois; and Reynolds and Hartford City, Indiana. For more information, visit www.triglobalenergy.com.

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SOURCE Tri Global Energy

LineVision Introduces LineRate AAR+ to Help Electric Utilities Comply with Proposed FERC Ambient Adjusted Rating Rules

SOMERVILLE, Mass., Feb. 9, 2021 /PRNewswire/ — LineVision, Inc., the world’s only provider of non-contact overhead power line sensor solutions to monitor, optimize and protect critical energy delivery infrastructure today announced the launch of a new advanced line rating offering to help utilities comply with rules proposed by the Federal Energy Regulatory Commission (FERC). LineVision’s LineRate AAR+ seamlessly provides utilities with a scalable, turnkey solution for FERC compliance while enhancing grid reliability by reducing the times when traditional Ambient Adjusted Rating (AAR) methods would inaccurately overestimate line ratings, risking public safety and damage to conductors.

FERC has issued a Notice of Proposed Rulemaking («NOPR») intended to improve the accuracy and transparency of transmission line ratings, which identify the maximum power a transmission line can transmit safely. Until recently, utilities predominantly determined line ratings based on «conservative assumptions about the worst-case» weather conditions. However, the NOPR would require utilities to implement, at a minimum, AAR while instructing RTO’s and ISO’s to prepare to operationalize Dynamic Line Rating (DLR) technologies.

Dynamic Line Ratings, and, to a lesser extent, Ambient Adjusted Ratings can increase line ratings, reduce grid congestion and enable the integration of new sources of renewable power generation. LineVision’s LineRate AAR+ and LineRate DLR solutions deliver superior accuracy to weather-only solutions by directly monitoring the sag and temperature of the conductors. These non-contact monitoring systems are powered by Velodyne LiDAR sensors, the same sensor technology used in autonomous vehicles and can be easily installed without requiring outages or live line work.

«Multiple studies have shown that advanced line ratings can unlock upwards of 40% additional capacity on our congested grid and FERC has recognized the need to update rating practices,» said Jonathan Marmillo, LineVision’s VP of Products. «However, AAR often overestimates capacity, risking reliability, safety, and damage to conductors, so with input from our utility partners we developed LineRate AAR+ as a turn-key solution to achieve compliance with proposed FERC rules and to overcome the deficiencies of Ambient Adjusted Ratings.»

FERC’s NOPR acknowledges that «under DLR approaches, the use of additional data (beyond the ambient temperature data used in AAR approaches) can allow DLRs to even more accurately reflect transfer capability» and LineRate AAR+ helps utilities safely operate under AAR guidelines in the interim as the industry continues to move toward the adoption of full Dynamic Line Ratings.

About LineVision

LineVision provides industry leading, non-contact overhead line monitoring solutions for data-driven real time situational awareness and predictive analysis—helping utilities and other grid participants anticipate potential failures, increase capacity on existing lines, and identify the need for proactive replacement, while enhancing reliability and safety. For more information, visit www.linevisioninc.com.

Media Contact
Colin Mahoney
212-220-6045
291130@email4pr.com

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SOURCE LineVision, Inc.