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Top 10 Fixed-Income Holdings
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<p…
NEW YORK, Jan. 25, 2021 /PRNewswire/ — AB Global High Income Fund, Inc.[NYSE: AWF] (the «Fund») today released its monthly portfolio update as of December 31,2020.
AB Global High Income Fund, Inc.
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Top 10 Fixed-Income Holdings
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Portfolio %
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1) U.S. Treasury Notes 2.25%, 2/15/27
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2.31%
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2) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/23
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1.83%
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3) U.S. Treasury Notes 2.875%, 8/15/28
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1.45%
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4) Argentine Republic Government International Bond 0.125%, 7/09/30 – 7/09/41
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0.87%
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5) Dominican Republic International Bond 8.625%, 4/20/27
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0.65%
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6) Colombian TES Series B 10.00%, 7/24/24
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0.58%
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7) Nigeria Government International Bond 7.625%, 11/21/25 – 11/28/47
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0.53%
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8) Ukraine Government International Bond 7.75%, 9/01/22 – 9/01/24
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0.50%
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9) U.S. Treasury Bonds 5.25%, 2/15/29
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0.40%
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10) First Quantum Minerals Ltd. 7.25%, 4/01/23
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0.39%
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Investment Type
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Portfolio %
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Corporates – Non-Investment Grade
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Industrial
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Energy
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4.77%
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Communications – Media
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3.59%
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Consumer Non-Cyclical
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3.54%
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Basic
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2.64%
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Consumer Cyclical – Automotive
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2.62%
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Capital Goods
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2.50%
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Consumer Cyclical – Other
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2.48%
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Services
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2.30%
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Technology
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2.17%
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Communications – Telecommunications
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2.01%
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Consumer Cyclical – Retailers
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1.79%
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Consumer Cyclical – Entertainment
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1.75%
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Transportation – Services
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0.47%
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Other Industrial
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0.33%
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Consumer Cyclical – Restaurants
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0.29%
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Transportation – Airlines
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0.19%
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SUBTOTAL
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33.44%
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Credit Default Swaps
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26.60%
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SUBTOTAL
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26.60%
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Financial Institutions
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Banking
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2.30%
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Finance
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0.97%
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Insurance
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0.90%
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REITS
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0.86%
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Brokerage
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0.47%
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Other Finance
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0.44%
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SUBTOTAL
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5.94%
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Utility
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Electric
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0.60%
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SUBTOTAL
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0.60%
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SUBTOTAL
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66.58%
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Corporates – Investment Grade
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Financial Institutions
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Banking
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4.65%
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Insurance
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1.90%
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Finance
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0.74%
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REITS
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0.42%
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Other Finance
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0.02%
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SUBTOTAL
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7.73%
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Industrial
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Energy
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0.96%
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Consumer Cyclical – Other
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0.91%
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Basic
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0.83%
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Transportation – Airlines
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0.56%
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Consumer Cyclical – Automotive
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0.40%
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Consumer Non-Cyclical
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0.39%
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Technology
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0.28%
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Capital Goods
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0.19%
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Other Industrial
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0.19%
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Services
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0.12%
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Communications – Media
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0.07%
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Consumer Cyclical – Retailers
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0.05%
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SUBTOTAL
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4.95%
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SUBTOTAL
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12.68%
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Emerging Markets – Sovereigns
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Emerging Markets – Sovereigns
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10.91%
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Credit Default Swaps
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0.46%
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SUBTOTAL
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11.37%
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Collateralized Mortgage Obligations
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Risk Share Floating Rate
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7.87%
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Non-Agency Fixed Rate
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0.59%
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Non-Agency Floating Rate
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0.49%
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Agency Fixed Rate
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0.45%
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SUBTOTAL
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9.40%
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Global Governments
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6.51%
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Commercial Mortgage-Backed Securities
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Credit Default Swaps
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4.82%
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Non-Agency Fixed Rate CMBS
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1.20%
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Non-Agency Floating Rate CMBS
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0.09%
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SUBTOTAL
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6.11%
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Interest Rate Futures
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5.29%
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Bank Loans
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Industrial
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Consumer Non-Cyclical
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1.10%
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Technology
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0.73%
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Services
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0.57%
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Capital Goods
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0.53%
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Consumer Cyclical – Other
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0.47%
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Communications – Media
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0.31%
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Communications – Telecommunications
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0.29%
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Other Industrial
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0.25%
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Consumer Cyclical – Retailers
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0.16%
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Consumer Cyclical – Restaurants
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0.11%
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Consumer Cyclical – Entertainment
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0.08%
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Consumer Cyclical – Automotive
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0.07%
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Basic
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0.05%
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Energy
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0.05%
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Transportation – Airlines
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0.02%
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SUBTOTAL
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4.79%
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Utility
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Electric
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0.18%
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SUBTOTAL
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0.18%
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Financial Institutions
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Insurance
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0.12%
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SUBTOTAL
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0.12%
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SUBTOTAL
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5.09%
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Emerging Markets – Corporate Bonds
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Industrial
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Basic
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1.67%
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Energy
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0.79%
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Consumer Cyclical – Other
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0.54%
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Consumer Non-Cyclical
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0.43%
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Capital Goods
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0.24%
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Communications – Telecommunications
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0.23%
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Communications – Media
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0.08%
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Transportation – Services
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0.04%
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SUBTOTAL
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4.02%
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Utility
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Electric
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0.38%
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SUBTOTAL
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0.38%
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Financial Institutions
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Insurance
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0.07%
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Banking
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0.05%
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Finance
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0.02%
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SUBTOTAL
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0.14%
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SUBTOTAL
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4.54%
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Emerging Markets – Treasuries
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1.83%
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Common Stocks
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1.45%
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Collateralized Loan Obligations
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CLO – Floating Rate
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1.43%
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SUBTOTAL
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1.43%
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Quasi-Sovereigns
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Quasi-Sovereign Bonds
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1.39%
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SUBTOTAL
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1.39%
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Total Return Swaps
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0.98%
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Asset-Backed Securities
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Other ABS – Fixed Rate
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0.44%
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Autos – Fixed Rate
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0.27%
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Home Equity Loans – Fixed Rate
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0.25%
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Home Equity Loans – Floating Rate
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0.01%
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SUBTOTAL
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0.97%
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Investment Companies
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Funds and Investment Trusts
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0.51%
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SUBTOTAL
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0.51%
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Preferred Stocks
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Financial Institutions
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0.23%
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Industrial
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0.10%
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SUBTOTAL
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0.33%
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Local Governments – US Municipal Bonds
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0.32%
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Inflation-Linked Securities
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0.26%
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Warrants
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0.04%
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Reverse Repurchase Agreements
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-0.06%
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Equity Futures
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Equity Index Futures
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-0.10%
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SUBTOTAL
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-0.10%
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Currency Instruments
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Forward Currency Exchange Contracts
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-0.24%
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SUBTOTAL
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-0.24%
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Net Cash Equivalents
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Investment Companies
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0.66%
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Cash
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0.36%
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Governments – Treasuries
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0.33%
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Foreign Currency
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-0.02%
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SUBTOTAL
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1.33%
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Derivative Offsets
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Futures Offsets
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-5.24%
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Swaps Offsets
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-32.77%
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SUBTOTAL
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-38.01%
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Total
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100.00%
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Country Breakdown
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Portfolio %
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United States
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64.50%
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Brazil
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4.49%
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United Kingdom
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2.63%
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Canada
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1.86%
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Mexico
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1.81%
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Egypt
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1.39%
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Colombia
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1.15%
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France
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1.07%
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Luxembourg
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1.06%
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Dominican Republic
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1.04%
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Cayman Islands
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0.98%
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Italy
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0.97%
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Argentina
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0.92%
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Netherlands
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0.88%
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Switzerland
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0.86%
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Nigeria
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0.85%
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Ukraine
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0.82%
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Bahrain
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0.74%
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Russia
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0.67%
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Ivory Coast
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0.64%
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Spain
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0.60%
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Zambia
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0.53%
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Kenya
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0.49%
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Ireland
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0.49%
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Oman
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0.45%
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Gabon
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0.45%
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South Africa
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0.43%
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Senegal
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0.42%
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Angola
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0.41%
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Bermuda
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0.41%
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Finland
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0.39%
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Ghana
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0.39%
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Sweden
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0.37%
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Macau
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0.31%
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El Salvador
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0.30%
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Costa Rica
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0.28%
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Jersey (Channel Islands)
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0.27%
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Ecuador
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0.27%
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Denmark
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0.26%
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Honduras
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0.25%
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Indonesia
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0.25%
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Peru
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0.25%
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Germany
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0.25%
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Hong Kong
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0.23%
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Israel
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0.22%
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India
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0.20%
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Turkey
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0.18%
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Chile
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0.18%
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Mongolia
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0.16%
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Jamaica
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0.14%
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Australia
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0.13%
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Japan
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0.11%
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Kazakhstan
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0.07%
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Venezuela
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0.07%
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Guatemala
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0.06%
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Jordan
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0.06%
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United Arab Emirates
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0.06%
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Iraq
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0.06%
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Morocco
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0.05%
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Kuwait
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0.04%
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China
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0.03%
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Lebanon
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0.03%
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Sri Lanka
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0.02%
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Pakistan
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0.02%
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Belgium
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0.02%
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Norway
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0.01%
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Total Investments
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100.00%
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Net Currency Exposure Breakdown
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Portfolio %
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United States Dollar
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98.34%
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South African Rand
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0.49%
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Brazilian Real
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0.42%
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Egypt Pound
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0.41%
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Indonesian Rupiah
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0.25%
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Euro
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0.11%
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Great British Pound
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0.05%
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Canadian Dollar
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0.03%
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Argentine Peso
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0.02%
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Nigerian Naira
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0.02%
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Indian Rupee
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0.01%
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Mexican Peso
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0.01%
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Malaysian Ringgit
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0.01%
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Norwegian Krone
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0.01%
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Taiwan New Dollar
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0.01%
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Swiss Franc
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-0.01%
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Chilean Peso
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-0.01%
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Russian Rubles
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-0.06%
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Colombian Peso
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-0.11%
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Total Net Assets
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100.00%
|
|
|
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Credit Rating
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Portfolio %
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AAA
|
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5.48%
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AA
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0.91%
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A
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0.83%
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BBB
|
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19.02%
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BB
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28.95%
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B
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25.39%
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CCC
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9.16%
|
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CC
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0.47%
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C
|
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0.11%
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D
|
|
0.62%
|
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Not Rated
|
|
5.49%
|
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Short Term Investments
|
|
0.99%
|
|
Reverse Repurchase Agreements
|
|
-0.06%
|
|
N/A
|
|
2.64%
|
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Total
|
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100.00%
|
|
|
|
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Bonds By Maturity
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Portfolio %
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Less than 1 year
|
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6.70%
|
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1 to 5 years
|
|
59.21%
|
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5 to 10 years
|
|
21.49%
|
|
10 to 20 years
|
|
6.69%
|
|
20 to 30 years
|
|
3.95%
|
|
More Than 30 years
|
|
0.47%
|
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Other
|
|
1.49%
|
|
Total Net Assets
|
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100.00%
|
|
|
|
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Portfolio Statistics:
|
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|
|
Average Coupon:
|
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7.58%
|
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Average Bond Price:
|
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105.48
|
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Percentage of Leverage(based on gross assets):
|
|
|
Bank Borrowing:
|
|
0.00%
|
|
Investment Operations:
|
|
40.58%
|
|
Preferred stock:
|
|
0.00%
|
|
Tender Option Bonds:
|
|
0.00%
|
|
VMTP Shares:
|
|
0.00%
|
|
Total Fund Leverage:
|
|
40.58%
|
|
Average Maturity:
|
|
5.45 Years
|
|
Effective Duration:
|
|
4.30 Years
|
|
Total Net Assets:
|
|
$1,120.52 Million
|
|
Net Asset Value:
|
|
$12.99
|
|
Number of Holdings:
|
|
1718
|
|
Portfolio Turnover:
|
|
32%
|
* Investment Operations may include the use of certain portfolio management techniques such as credit default swaps, dollar rolls, negative cash, reverse repurchase agreements and when-issued securities.
The foregoing portfolio characteristics are as of the date indicated and can be expected to change. The Fund is a closed-end U.S.-registered management investment company advised by AllianceBernstein L. P.
 View original content:http://www.prnewswire.com/news-releases/ab-global-high-income-fund-releases-monthly-portfolio-update-301214443.html
SOURCE AllianceBernstein Global High Income Fund, Inc.
CHICAGO, Jan. 25, 2021 /PRNewswire-PRWeb/ — Thirty national organizations have pledged their support of a framework for a national subsidized employment program that was released today by Heartland Alliance.
The framework calls on the Biden-Harris administration to include this equitable and large-scale subsidized jobs program as part of their economic recovery plan.
The recommendations include centering people of color — and especially women of color — who have been historically…
CHICAGO, Jan. 25, 2021 /PRNewswire-PRWeb/ — Thirty national organizations have pledged their support of a framework for a national subsidized employment program that was released today by Heartland Alliance.
The framework calls on the Biden-Harris administration to include this equitable and large-scale subsidized jobs program as part of their economic recovery plan.
The recommendations include centering people of color — and especially women of color — who have been historically and currently left behind by our economy. The resource goes further in saying that failure to center people of color in recovery plans will stifle economic growth and prosperity, have long-lasting repercussions for families and communities hardest hit by the pandemic, and miss the opportunity to build back an economy that can withstand future downturns.
«Building back a better, stronger economy in the aftermath of COVID-19 requires policy solutions anchored in economic justice,» said Melissa Young, Senior Director of Research & Policy at Heartland Alliance. «We should seize the opportunity to rebuild our economy so that it works for people of color and would-be workers who have been excluded from or left behind by our labor market. An inclusive recovery will not only improve people’s lives, but improve our economy as a whole.»
Statements of Support
«All economic recovery efforts must center historically oppressed communities, especially Black and Brown youth and adults and those impacted by the criminal legal system. Even before the pandemic, too many communities were struggling to find work and earn livable wages. Young people, for example, were unemployed at twice the rate of the general public. In the midst of the public health crisis, young people of color are now experiencing unemployment rates that approach and surpass 50 percent. A national subsidized employment program that prioritizes those who have been systematically excluded from economic opportunity has the potential to redress deep-seated inequities and move us closer towards racial and economic justice.»
- Kisha Bird, Director of Youth Policy, Center for Law and Social Policy (CLASP).
«As we recover from COVID-19 and the economic havoc left in its wake, we must put equity at the center of our policymaking. Women of color have been hardest hit in this recession, and we will only know a true recovery when their economic security is front and center. This framework for subsidized jobs is an important strategy to do just that: investing in jobs and opportunity for the people struggling the most in today’s economy.»
- Melissa Boteach, Vice President for Income Security and Child Care/Early Learning, National Women’s Law Center
«As an intermediary that invests in and advises employment social enterprises, we believe that individuals who are overcoming adversity, including those who have been historically excluded from the workforce, deserve the opportunity to contribute their skills and talents to our economy. This equity-centered framework will ensure that individuals who are overcoming structural barriers to employment are included in economic recovery efforts by highlighting how transitional jobs programs, like employment social enterprises, are a valuable first step on an individual’s career pathway.»
- Manie Grewal, Head of Policy, REDF (Roberts Enterprise Development Fund)
«As the nation’s largest reentry employment organization, the Center for Employment Opportunities has seen firsthand the positive impact transitional jobs have in stable employment for our participants. Heartland Alliance’s equity-centered subsidized employment framework will ensure the 600,000 individuals returning home from incarceration each year have access to economic opportunity during COVID-19 recovery.»
- Sam Schaeffer, Chief Executive Officer, Center for Employment Opportunities
«Today, at least three in 10 young people are out of school and out of work. A subsidized employment framework like this one will turn the tide for these opportunity youth and others who are consistently shut out of the labor market. The National Youth Employment Coalition is proud to have contributed to this proposal.»
- Thomas Showalter, Executive Director, National Youth Employment Coalition
About Heartland Alliance
Heartland Alliance works to advance human rights and champion human dignity by providing services and promoting solutions to achieve a more just global society. Society benefits when all people can participate, prosper, and reach their full potential. Through human service provision, research, and policy and advocacy campaigns, we advance solutions for health and healing, safety and justice, and economic opportunity.
Media Contact
Joe Dutra, Heartland Alliance, 312-350-0602, jdutra@heartlandalliance.org
Facebook
SOURCE Heartland Alliance
RESTON, Va., Jan. 25, 2021 /PRNewswire/ — Clean, renewable energy for West Virginia residents surged forward today when Clearway Energy Group selected the Bechtel-Reed & Reed Joint Venture, to build its Black Rock wind farm in Grant County and Mineral counties. The new wind farm represents a nearly 15% increase in the state’s wind power and will produce enough green…
RESTON, Va., Jan. 25, 2021 /PRNewswire/ — Clean, renewable energy for West Virginia residents surged forward today when Clearway Energy Group selected the Bechtel-Reed & Reed Joint Venture, to build its Black Rock wind farm in Grant County and Mineral counties. The new wind farm represents a nearly 15% increase in the state’s wind power and will produce enough green energy to power 34,000 homes.
The Bechtel-Reed & Reed team, will engineer, procure, and construct the farm. The project will include twenty-three Siemens-Gamesa SG 5.0-145 wind turbines on 107.5-meter tall towers, producing 115 MW of electricity at the point interconnection to the First Energy electrical grid.
«We’re excited to partner with Bechtel and Reed & Reed and look forward to potential that their combined resources can bring to this critical project,» said Chris Fox, Vice President of Construction at Clearway Energy Group. «This represents Clearway’s second renewable project in West Virginia, and provides a great opportunity for us to add construction jobs and permanent positions to our existing workforce in the state. Black Rock represents an important and growing sector of West Virginia’s economy and we are proud to help drive that growth.»
«The Black Rock Wind Farm is a significant contribution to renewable wind production in the region, and we are delighted to have Reed & Reed as partners and we are eager to join Clearway Energy Group on their path to deliver clean energy for future generations,» said Kelvin Sims, Bechtel’s Infrastructure general manager, Americas. «Our customers are setting ambitious targets to decarbonize energy systems, and we’re excited to support them in their journey to net-zero.»
«Our partnership with Bechtel combines two leading companies in the new world economy of renewable energy. All of us at Reed & Reed are pleased to begin work on this project with our partners from Bechtel. It’s a chance to demonstrate our expertise and experience in wind projects in a new region. We are especially pleased to have been selected by Clearway to build such an important project,» said Jackson Parker, CEO of Reed & Reed, Inc.
The project will create around 200 jobs in the area during construction, with several permanent jobs when operational. Once the wind farm is active, currently scheduled for late 2021, it will save 298,500 metric tons of CO2 emissions.
About Bechtel:
Bechtel is a trusted engineering, construction and project management partner to industry and government. Differentiated by the quality of our people and our relentless drive to deliver the most successful outcomes, we align our capabilities to our customers’ objectives to create a lasting positive impact. Since 1898, we have helped customers complete more than 25,000 projects in 160 countries on all seven continents that have created jobs, grown economies, improved the resiliency of the world’s infrastructure, increased access to energy, resources, and vital services, and made the world a safer, cleaner place.
Bechtel serves the Infrastructure; Nuclear, Security & Environmental; Oil, Gas & Chemicals; and Mining & Metals markets. Our services span from initial planning and investment, through start-up and operations. www.bechtel.com
About Reed & Reed:
Founded in 1928 by Captain Josiah W. Reed and his son Carlton Day Reed, Reed & Reed has a long history of successful public & private construction projects throughout New England. Headquartered in Woolwich, Maine, Reed & Reed performs a wide range of construction services for both public and private clients. From complex cable-stayed bridges to industrial facilities, marine terminals to wind farms, commercial and institutional buildings to pile driving, parking garages to environmental remediation, Reed & Reed has a track record of superior performance. www.reed-reed.com
Media contacts:
WHITNEY WINN
wnwinn@bechtel.com
tel. +1 703 8266430
ROBIN WOOD
rwood@reed-reed.com
tel. +1 207 4439747
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SOURCE Bechtel
MONTRÉAL, Jan. 25, 2021 /PRNewswire/ – Boralex Inc. (TSX: BLX) («Boralex» or the «Corporation») announces that a wholly owned subsidiary of the Corporation has completed a transaction with Delaware River Solar, LLC to acquire Sky High Solar Farm, located in New York State.
Sky High Solar Farm is a 20MWac project located in the Town of Tully, in the County of Onondaga. The project is ground-mounted and being developed on three…
MONTRÉAL, Jan. 25, 2021 /PRNewswire/ – Boralex Inc. (TSX: BLX) («Boralex» or the «Corporation») announces that a wholly owned subsidiary of the Corporation has completed a transaction with Delaware River Solar, LLC to acquire Sky High Solar Farm, located in New York State.
Sky High Solar Farm is a 20MWac project located in the Town of Tully, in the County of Onondaga. The project is ground-mounted and being developed on three separate parcels of land across 145 acres. The forecasted electric output is estimated at 35 gigawatt-hours annually, enough electricity to power 4,600 homes annually. Construction of the Sky High Solar Farm is expected to be completed by Q3 2022.
«The acquisition of this mature development project marks our continual progress to achieving the growth and diversification orientations of our strategic plan,» said Patrick Decostre, President and CEO of Boralex. «Sky High aligns well with our current New York portfolio, and will help to advance New York’s clean energy transformation.»
In 2018, Sky High Solar Farm was one of 26 projects to be selected by the New York State Energy Research Development Authority («NYSERDA») as part of its 2017 Renewable Energy Standard Solicitation for the purchase of Tier-1 Eligible Renewable Energy Certificates (RECs). Each REC represents the environmental attributes of one megawatt hour of electricity generated from an eligible renewable source like solar. The project supports New York’s goal to obtain 70 percent of its electricity from renewable sources by 2030.
About Boralex
Boralex develops, builds and operates renewable energy power facilities in Canada, France, the United Kingdom and the United States. A leader in the Canadian market and France’s largest independent producer of onshore wind power, the Corporation is recognized for its solid experience in optimizing its asset base in four power generation types — wind, hydroelectric, thermal and solar. Boralex ensures sustainable growth by leveraging the expertise and diversification developed over 30 years. Boralex’s shares are listed on the Toronto Stock Exchange under the ticker symbol «BLX».
More information is available at www.boralex.com or www.sedar.com. Follow us on Facebook, LinkedIn and Twitter.
Caution Regarding Forward-Looking Statements
Some of the statements contained in this press release, including the expected annual electric output and completion of construction date, are forward-looking statements based on current expectations, within the meaning of securities legislation.
Boralex would like to point out that, by their very nature, forward-looking statements involve risks and uncertainties such that its results or the measures it adopts could differ materially from those indicated by or underlying these statements, or could have an impact on the degree of realization of a particular forward-looking statement.
Unless otherwise specified by the Corporation, the forward-looking statements do not take into account the possible impact on its activities of transactions, non-recurring items or other exceptional items announced or occurring after the statements are made. There can be no assurance as to the materialization of the results, performance or achievements as expressed or implied by forward-looking statements. The reader is cautioned not to place undue reliance on such forward-looking statements.
Unless required to do so under applicable securities legislation, management of Boralex does not assume any obligation to update or revise forward-looking statements to reflect new information, future events or other changes.
About Delaware River Solar
Delaware River Solar is a solar company focused on developing, building, and operating community solar and large scale solar projects located across New York State in order to provide clean, locally produced solar power and contribute to the state’s bold energy and climate goals. DRS is located in Callicoon, NY and works with local landowners, governments, organizations, and residents to responsibly and effectively deliver solar projects that benefit the community. Since inception, DRS has developed a pipeline of over 500 MW including community and large scale solar projects.
For more information, please visit www.delawareriversolar.com.
 View original content:http://www.prnewswire.com/news-releases/boralex-announces-closing-of-the-acquisition-of-20-mw-sky-high-solar-farm-in-new-york-state-301214297.html
SOURCE Boralex Inc.
WASHINGTON, Jan. 25, 2021 /PRNewswire/ — The Teamsters Union applauds President Biden’s efforts to reform and strengthen Buy American policies through the Made in America Executive Order signed today.
WASHINGTON, Jan. 25, 2021 /PRNewswire/ — The Teamsters Union applauds President Biden’s efforts to reform and strengthen Buy American policies through the Made in America Executive Order signed today.
The Made in America Executive Order will set in motion a series of reforms to current federal procurement policies that are designed to eliminate the excessive and unnecessary use of foreign suppliers through trade-pact waivers. These waivers, which can be used to procure goods from 60 countries that are U.S. trade partners, have allowed billions of tax dollars to be spent overseas rather than with American suppliers.
«The Made in America Executive Order is an important step toward ensuring that our tax dollars are invested in American manufacturing which in turn, strengthens our economy,» said Teamsters General President James P. Hoffa. «American workers can out-produce and out-perform any other workforce in the world when given the opportunity. By closing loopholes and reforming the government procurement system, we can make sure American tax dollars are helping American companies and workers.»
The executive order also directs federal agencies to increase the threshold of domestic content – the percentage of a product that must be manufactured in the U.S. to qualify under Buy American law to be purchased. Enforcement of these new guidelines will fall under a new, senior-level position established under the executive order within the Office of Management and Budget. The Director of Made-in-America will oversee the implementation of all aspects of the executive order.
«President Biden is signaling his commitment to the American worker and economy with this executive order,» Hoffa said. «Buy American policies will be strengthened and enforced under these new directives and that will only benefit our economy in the long run.»
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
 View original content to download multimedia:http://www.prnewswire.com/news-releases/made-in-america-executive-order-takes-necessary-steps-toward-strengthening-economy-301214294.html
SOURCE International Brotherhood of Teamsters
BEIT YANAI, Israel, Jan. 25, 2021 /PRNewswire/ — ElectReon (TASE: ELWS), developing and implementing Wireless Electric Road Systems that wirelessly charges commercial and passenger electric vehicles while driving, has completed the deployment of 1.65 km of a dynamic wireless charging system on a public road in Gotland, Sweden, which is the largest deployment of its kind in the world.
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BEIT YANAI, Israel, Jan. 25, 2021 /PRNewswire/ — ElectReon (TASE: ELWS), developing and implementing Wireless Electric Road Systems that wirelessly charges commercial and passenger electric vehicles while driving, has completed the deployment of 1.65 km of a dynamic wireless charging system on a public road in Gotland, Sweden, which is the largest deployment of its kind in the world.
https://www.youtube.com/watch?v=L2S2qzGkcis&feature=youtu.be
The fully electric long-haul truck was charged by the road while driving at various speeds of up to 60 km/h on a 200-meter electric road segment, with an average transfer rate of 70 kW from the road to the receivers and into the truck’s battery. The system reached stable operation with consistent results, and testing confirmed that snow and ice do not affect the wireless charging capabilities. The Company proved the robustness of its proprietary cloud-based software by remotely operating, monitoring, and testing the system from the Company’s headquarters in Israel.
In the coming months, following the successful testing on the 200-meter section and given additional approvals from relevant agencies, the Company expects to start operation of the entire road and simultaneously charge an electric bus on the same electric road. The wireless charging system will be further calibrated to enable the increase of power and a local truck operator will regularly operate the truck in order to conduct further tests.
The wireless charging of the electric truck on a public road is a significant milestone in the commercialization of the wireless electric road technology developed by ElectReon. This is also a significant milestone towards meeting the preliminary requirements for applying for the large-scale pilot of the construction of a wireless Electric Road planned by the Swedish Road Administration (Trafikverket) of approximately 30 kilometers designed for dynamic charging of electric trucks while driving.
In Tel Aviv, the Company completed the deployment of 700 meters of dynamic charging segments on a road in Ramat Aviv and a wireless charging station at the Tel-Aviv University train station bus terminal. This represents a significant achievement as the Company deployed the segments in a short time frame, minimizing interruption to the public and illustrating the suitability of its technology for commercial-scale deployment in public roads. The Company is currently waiting for the electric grid connection, expected in the coming weeks, in order to begin road-charging the electric bus, while conducting further tests.
Oren Ezer, CEO of ElectReon Wireless:
«Charging a long-haul truck while driving on an electric road that is open to the public is an exceptional technological achievement coming after years of intense development. The achievement brings us closer to our goal of revolutionizing the field of electric vehicle charging and we thank the strong support from Trafikverket that enabled this to take place in Sweden. Soon we expect to test our urban application when an electric bus will start testing in our pilot project in Tel Aviv.»
Truck driver Emelie Gardell from the truck operator Gotlands bilfrakt:
«I was very surprised at how peaceful and quiet it was to drive the electric truck while it was driving and charging from the road. It did not interfere with my driving experience at all and I am happy to know we are reducing transport emissions and proud to drive the future.»
About ElectReon
https://www.youtube.com/watch?v=L2S2qzGkcis&feature=youtu.be
ElectReon, a global leader in Dynamic Wireless Power Transfer technology for charging all types of Electric Vehicles (EVs). The company accelerates the world’s transition to electric transportation by leveraging existing road infrastructure with its proprietary wireless charging technology to eliminate range anxiety, lower total costs of EV ownership and reduce battery capacity – making it one of the most environmentally sustainable, scalable and compelling charging solutions available today.
For cities and fleet operators, ElectReon offers a shared, invisible «Charging as a Service» platform enabling cost effective electrification of public, commercial and autonomous fleets with minimal batteries and smooth and continuous operation.
Investor Relations Contact
GK Investor Relations
Ehud Helft
+1 646 201 9246
electreon@gkir.com
Company Contact
ElectReon Marketing and Sales Officer
Charlie Levine
+972 585818433
charlie.l@electreon.com
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SOURCE ElectReon
WILLIAMSPORT, Md., Jan. 25, 2021 /PRNewswire/ — Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), has completed installation of four electric vehicle (EV) fast-charging stations in Hancock and McHenry, the first such units the company has installed in its Maryland service area.
WILLIAMSPORT, Md., Jan. 25, 2021 /PRNewswire/ — Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), has completed installation of four electric vehicle (EV) fast-charging stations in Hancock and McHenry, the first such units the company has installed in its Maryland service area.
Fast-charging stations, also known as direct-current fast chargers (DCFC), can provide an 80% charge for most vehicles in less than an hour, enabling drivers to recharge during the day or on a break. Earlier this month, Potomac Edison installed two of these stations at Joseph Hancock Primitive Park in Hancock, and in late December the company installed two fast-charging stations at the Deep Creek Lake Information Center in McHenry.
Potomac Edison also installed Level 2 charging stations, which can accommodate two vehicles for simultaneous charging and deliver 8 to 24 miles of range per hour of charging, at the Deep Creek Information Center and at the Rail Trail Municipal Parking Lot in Hancock in December.
The new stations are part of Potomac Edison’s EV Driven pilot program, a five-year Maryland Public Service Commission-approved program designed to benefit the state’s environment by reducing auto emissions and support Maryland’s goal to reach 300,000 zero-emission vehicles on the road by 2025. Over the course of the program, Potomac Edison will install 59 charging stations, including 20 fast-charging stations, across its seven-county Maryland territory.
«We’re very pleased to have installed our first electric vehicle fast-charging stations in Maryland and excited about the progress we have made in expanding the charging station network,» said James A. Sears, Jr., president of FirstEnergy’s Maryland operations. «We look forward to building on this positive momentum in 2021 as we install additional charging stations across our service territory and continue to support Maryland’s efforts toward electric vehicle adoption throughout the state.»
Over the last two months, in addition to the fast-charging stations, Potomac Edison has completed new dual port Level 2 stations in Boonsboro, Cumberland, Keedysville, New Market and Oakland. To date, Potomac Edison has installed 16 charging stations at the following locations:
- Boonsboro: Boonsboro Town Hall, 15 North Main St.
- Cumberland: Allegany College, 12401 Willowbrook Road
- Cumberland: Liberty Street Parking, 40 North Liberty St.
- Frederick: MARC Station, 155 B and O Ave.
- Frostburg: Parish Hall Parking Lot, 16 Uhl St.
- Hancock: Joseph Hancock Primitive Park, 159 West Main St. (two stations)
- Hancock: Rail Trail Municipal Parking Lot, 77 West Main St.
- Keedysville: Keedysville Library, 22 Taylor Drive
- McHenry: Deep Creek Lake Information Center, 2 Vacation Way (three stations)
- McHenry: Garrett College, 687 Mosser Road
- Middletown: Middletown Municipal Parking, 119 Washington St.
- New Market: New Market Town Hall, 40 South Alley
- Oakland: Oakland Municipal Parking, 108 East Oak St.
Electric vehicles offer a clean, efficient alternative to gasoline-powered vehicles, averaging as low as one-third the cost-per-mile of gasoline. Depending on the battery capacity, EV driving range can vary from about 80 miles up to 280 miles or more. The installation of public charging stations through the EV Driven program will help reduce «range anxiety» for EV owners, as well as provide key data to help determine future implementation efforts throughout Maryland and other areas served by FirstEnergy’s utilities.
Potomac Edison is also offering rebates for both residential and non-residential charger installations. Residential customers of Potomac Edison in Maryland are eligible for rebates of $300 for the installation of EV charging stations at their homes and can also earn additional rewards for using their chargers during off-peak hours. Multifamily property owners can receive a rebate of up to $5,000 for the installation of charging stations within Potomac Edison’s service territory. For more information, please visit www.evdrivenpe.com.
Potomac Edison serves about 270,000 customers in all or parts of Allegany, Carroll, Frederick, Garrett, Howard, Montgomery, and Washington counties. Follow Potomac Edison at www.potomacedison.com, on Twitter @PotomacEdison, and on Facebook at www.facebook.com/PotomacEdison.
FirstEnergy is dedicated to safety, reliability and operational excellence. Its 10 electric distribution companies form one of the nation’s largest investor-owned electric systems, serving customers in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York. The company’s transmission subsidiaries operate approximately 24,500 miles of transmission lines that connect the Midwest and Mid-Atlantic regions. Follow FirstEnergy online at www.firstenergycorp.com and on Twitter @FirstEnergyCorp.
Editor’s Note: Photos of recently installed fast charging stations are available to download on Flickr.
 View original content to download multimedia:http://www.prnewswire.com/news-releases/potomac-edison-installs-first-ev-fast-charging-stations-in-maryland-301214248.html
SOURCE FirstEnergy Corp.
BOGOTA, Colombia, Jan. 25, 2021 /PRNewswire/ — ProColombia, the government entity in charge of promoting international tourism, foreign direct investment, non-mining energy exports and the country brand, is encouraging eco-conscious travelers to consider Colombia as their next international…
BOGOTA, Colombia, Jan. 25, 2021 /PRNewswire/ — ProColombia, the government entity in charge of promoting international tourism, foreign direct investment, non-mining energy exports and the country brand, is encouraging eco-conscious travelers to consider Colombia as their next international destination when planning 2021 vacations. To inspire travelers and educate them on the country’s efforts, Colombia has released a new illustrative nature guide that features easy-to-understand information of its responsible and sustainable practices.
Every year, people leave unused time-off on the table, and with growing interest in sustainable travel, Colombia is perfect for nature lovers planning future vacations. The guide includes information about the country’s rich biodiversity and nature offerings, as well as 50 podcasts and factsheets available in Spanish and soon, English. It’s free of charge and available here.
«The launch of this guide represents a step in the right direction for the development of sustainable nature and adventure tourism,» said Flavia Santoro, president of ProColombia. According to the Vice Minister of Tourism, Julián Guerrero Orozco, «the guide will surely become a handy tool for tourist guides in helping them understand the country’s natural heritage. At the same time, it will be incredibly useful for curious travelers who have an interest in Colombian nature. The idea is for all Colombians and foreigners to have access to it, which will also help us take care of our natural wealth. People tend to protect those areas they know and love, and this document is a contribution to the knowledge of our country.»
The project is supported by the U.S. Agency for International Development (USAID), «Riqueza Natural» Program, the Humboldt Institute, the Wildlife Conservation Society (WCS), and Punto Aparte Editors.
Colombia is poised to be a top destination this year, making top travel lists such as the New York Times’ «52 Places to Love in 2021.» Tourism is also rapidly rebounding. Since September, 533 international weekly air frequencies from 20 countries have already been reactivated.
As eco-conscious travelers continue seeking socially-distanced outdoor experiences, Colombia provides a plethora of natural offerings. It’s the second most biodiverse country in the world, and #1 in bird species. It also has 27 sustainable tourist destinations certified by the Colombian Ministry of Trade, Industry, and Tourism, and recently became a founding member of The Future of Tourism Coalition.
For more information, visit Colombia.Travel and follow us: Facebook, Twitter and Instagram.
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SOURCE ProColombia
TALLAHASSEE, Fla., Jan. 25, 2021 /PRNewswire/ — New vehicle prices have steadily been on the rise with the fourth quarter of 2020 closing with the average cost of a new vehicle reaching a record high of more than $40,000. Additionally, the amount consumers borrowed to finance new cars neared a record high, according to Edmunds. With new vehicle costs surging and more money being borrowed by consumers, auto service contracts, GAP waivers and vehicle protection…
TALLAHASSEE, Fla., Jan. 25, 2021 /PRNewswire/ — New vehicle prices have steadily been on the rise with the fourth quarter of 2020 closing with the average cost of a new vehicle reaching a record high of more than $40,000. Additionally, the amount consumers borrowed to finance new cars neared a record high, according to Edmunds. With new vehicle costs surging and more money being borrowed by consumers, auto service contracts, GAP waivers and vehicle protection products are now more important than ever.
The Service Contract Industry Council (SCIC), Motor Vehicle Protection Products Association (MVPPA), and Guaranteed Asset Protection Alliance (GAPA) remind consumers that there are numerous ways to protect auto investments, including auto service contracts, GAP waivers, and coverage for vehicle tires, paint damage, key fobs, appearance care, and windshield repair.
«With new vehicle prices and the amount consumers are borrowing to finance the vehicles reaching record highs, consumers need the peace of mind a GAP waiver provides of knowing that if they suffer a total loss due to theft or accidental damage, it’s not going to devastate them financially,» said Tim Meenan, Executive Director of MVPPA, SCIC, and GAPA. «Also, as vehicle options and technology become more complex, repairs become more costly. That’s why auto service contracts and vehicle protection products can help save consumers so much down the road.»
GAP waivers are essential for consumers who finance their vehicles as standard auto insurance policies typically only cover the actual value of a vehicle when it is damaged or stolen, which is often not the full amount of the loan. Auto service contracts and extended service plans protect consumers from unexpected and costly repairs.
ABOUT SCIC: The Service Contract Industry Council is a national trade association that works with lawmakers across the country to develop fair and uniform regulation of the service contract industry.
ABOUT MVPPA: The Motor Vehicle Protection Products Association (MVPPA) works to authorize the sale of stand-alone vehicle protection products and pass legislation throughout the U.S.
ABOUT GAPA: Formed in 2006, the Guaranteed Asset Protection Alliance (GAPA) works to preserve the viability of the GAP industry and promote fair and equitable regulation of its members and their products while providing the highest level of service to the consumer.
 View original content to download multimedia:http://www.prnewswire.com/news-releases/as-auto-prices-increase-auto-service-contracts-gap-waivers-and-vehicle-protection-products-become-even-more-important-301214215.html
SOURCE Service Contract Industry Council
ATLANTA, Jan. 25, 2021 /PRNewswire/ — Georgia Power’s Vogtle Unit 4 has begun integrated flush, the testing process that pushes water through the permanent plant system piping that feeds into the reactor vessel and reactor coolant loops. This is the latest in a number of significant milestones recently achieved at the Vogtle nuclear expansion project and marks another step towards operations and providing customers with a clean, carbon-free energy source.
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ATLANTA, Jan. 25, 2021 /PRNewswire/ — Georgia Power’s Vogtle Unit 4 has begun integrated flush, the testing process that pushes water through the permanent plant system piping that feeds into the reactor vessel and reactor coolant loops. This is the latest in a number of significant milestones recently achieved at the Vogtle nuclear expansion project and marks another step towards operations and providing customers with a clean, carbon-free energy source.
Last month the project received the historic first nuclear fuel shipment for Vogtle Unit 3, placed the two-million-pound roof of the Vogtle Unit 4 shield building and completed the pre-operational condenser vacuum test of the Vogtle Unit 3 turbine system in preparation for hot functional testing.
Integrated flush represents a critical step as the process is key to helping ensure the safe startup of Unit 4 and marks the start of extensive testing ahead for the unit’s systems. Over the next few months, site personnel at the Vogtle nuclear expansion project will work through this process to clean and test the system piping ahead of testing of Unit 4.
This process will start with the chemical and volume control system and spent fuel pool cooling system, and continue into the reactor coolant system, the passive core cooling system, and the normal residual heat removal system as they are turned over from construction to the system operations teams.
Additional milestones recently achieved include:
- Unit 3 Nuclear Fuel Receipt – With the receipt of the first nuclear fuel assemblies in December, the site is preparing for the last major test remaining for Unit 3, hot functional testing, ahead of initial fuel load.
- Unit 3 Condenser Vacuum Test – The test was conducted with the main turbine on turning gear and by operating supporting systems to establish the condenser vacuum, which is necessary to demonstrate the steam supply and water-cooling systems operate together and are ready to support hot functional testing and initial fuel load in the reactor.
- Completion of Unit 3 Cold Hydro Testing – Confirmed the reactor’s coolant system functions as designed and verified the welds, joints, pipes and other components of the coolant system and associated high-pressure systems do not leak when under pressure.
- Emergency Preparedness Drill – Vogtle 3 & 4 completed a required emergency preparedness exercise for a simulated emergency event for Vogtle Unit 3. Teams participated in the simulation and demonstrated their ability to effectively and efficiently respond and protect the health and safety of the public.
Carbon-free energy source
The new Vogtle units are an essential part of Georgia Power’s commitment to deliver safe, clean, reliable and affordable energy for customers and play a significant role in supporting Southern Company’s goal of net-zero carbon emissions by 2050.
Once operating, the two new units at Plant Vogtle will be able to power more than 500,000 homes and businesses. A diverse fuel mix, including nuclear, is also essential to maintaining a reliable and affordable energy infrastructure that attracts new investment, supports economic growth and creates jobs.
With more than 7,000 workers on site, and more than 800 permanent jobs available once the units begin operating, Vogtle 3 & 4 is currently the largest jobs-producing construction project in the state of Georgia.
Photos highlight progress
Follow the progress being made at the site of the nation’s first new nuclear units in more than 30 years through the Plant Vogtle 3 & 4 Online Photo Gallery and Georgia Power’s YouTube channel.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America’s premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company’s promise to 2.6 million customers in all but four of Georgia’s 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is recognized by J.D. Power as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected schedule for completion of construction and start-up of Plant Vogtle units 3 and 4 and expected job creation as well as carbon emissions reduction goals. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power’s Annual Report on Form 10-K for the year ended December 31, 2019, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2020, June 30, 2020, and September 30, 2020, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the potential effects of the continued COVID-19 pandemic, including, but not limited to, extended disruptions to supply chains and further reduced labor availability and productivity, which could have a variety of adverse impacts, including a negative impact on the ability to develop, construct, and operate facilities, including, but not limited to, Plant Vogtle Units 3 and 4; the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of facilities or other projects, including Plant Vogtle Units 3 and 4, which includes components based on new technology that only within the last few years began initial operation in the global nuclear industry at this scale, and including changes in labor costs, availability and productivity, challenges with management of contractors or vendors, subcontractor performance, adverse weather conditions, shortages, delays, increased costs, or inconsistent quality of equipment, materials, and labor, contractor or supplier delay, delays due to judicial or regulatory action, nonperformance under construction, operating, or other agreements, operational readiness, including specialized operator training and required site safety programs, engineering or design problems, design and other licensing-based compliance matters, including, for nuclear units, the timely submittal by Southern Nuclear of the Inspections, Tests, Analyses, and Acceptance Criteria documentation for each unit and the related reviews and approvals by the NRC necessary to support NRC authorization to load fuel, challenges with start-up activities, including major equipment failure, or system integration, and/or operational performance; the ability to overcome or mitigate the current challenges at Plant Vogtle Units 3 and 4, including, but not limited to, those related to COVID-19, that could further impact the cost and schedule for the project; legal proceedings and regulatory approvals and actions related to construction projects, such as Plant Vogtle Units 3 and 4, including Public Service Commission approvals and NRC actions; under certain specified circumstances, a decision by holders of more than 10% of the ownership interests of Plant Vogtle Units 3 and 4 not to proceed with construction and the ability of other Vogtle owners to tender a portion of their ownership interests to Georgia Power following certain construction cost increases; the ability to construct facilities in accordance with the requirements of permits and licenses (including satisfaction of NRC requirements), to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; the inherent risks involved in operating and constructing nuclear generating facilities; the ability of counterparties of Georgia Power to make payments as and when due and to perform as required; the direct or indirect effect on Georgia Power’s business resulting from cyber intrusion or physical attack and the threat of physical attacks; catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events or other similar occurrences; and the direct or indirect effects on Georgia Power’s business resulting from incidents affecting the U.S. electric grid or operation of generating or storage resources. Georgia Power expressly disclaims any obligation to update any forward–looking information.
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SOURCE Georgia Power
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