Geovanny Vicente – Página 244

EXIM Releases FY 2020 Annual Report–«All America»– Highlighting $5.4 Billion in Authorizations Supporting U.S. Exporters and an Estimated 37,000 American Jobs

WASHINGTON, Jan. 22, 2021 /PRNewswire-PRWeb/ — The Export-Import Bank of the United States (EXIM) today released to the United States Congress and to the American people its full fiscal year (FY) 2020 Annual Report, which reports the agency’s authorizations and financial condition as of the close of FY 2020 as well as providing additional data and information about EXIM’s activities in FY 2020 and in the first quarter of FY 2021.

The 2020 Annual Report—entitled «All America» for the agency’s priority initiative on reaching, educating, informing, and supporting small business across the United States—covers EXIM’s achievements in implementing reforms and policies to increase U.S. competitiveness in global markets, supporting U.S. companies during the COVID-19 pandemic, fulfilling small business and other Congressional mandates, and expanding U.S. exports to sub-Saharan Africa.

The Report also provides an update on the EXIM’s Program on China and Transformational Exports (China Program), which was mandated by the U.S. Congress in the agency’s historic 2019 reauthorization and is one of the most significant initiatives in the 87-year history of EXIM.

Important reforms and policy changes implemented in FY 2020 and in the first quarter of FY 2021 include updating the agency’s «additionality» (the likelihood that a transaction would not go forward without EXIM’s support) and economic impact procedures, as well as establishing a narrowly-tailored content policy specific to the agency’s new China Program.

«The past year at EXIM has been one marked with unprecedented challenges and monumental successes. Through it all, our talented and diverse 515-person EXIM team stayed focused on our vision: ‘Keeping America Strong: Empowering U.S. businesses and workers.’ Throughout the challenging COVID-19 pandemic, we worked successfully to level the playing field for American employers and their employees in the tremendously competitive global marketplace in order to make America’s great ‘Made in the USA‘ goods and services more available to customers throughout the world,» said EXIM President and Chairman Kimberly A. Reed. «EXIM’s 2020 Annual Report illustrates our successes and commitment to implementing reforms and to making the policy adjustments needed to enhance America’s competitiveness abroad while protecting the U.S. taxpayer.»

EXIM’s 2020 Annual Report details the agency’s FY 2020 total authorizations and breakdowns of support. The agency’s total authorizations were somewhat lower in FY 2020 for two primary reasons. First, the COVID-19 pandemic and the global economic slowdown disproportionately affected key sectors of the U.S. economy (e.g., aviation) that historically have utilized EXIM’s long-term financing. Second, the lingering effects of the four-year lapse in the EXIM Board quorum from July 2015 to May 2019 discouraged U.S. export opportunities and applications for the agency’s support for large deals that typically require several years to be developed. EXIM’s small business support remained a top priority and relatively steady in FY 2020.

Highlights of the 2020 Annual Report include the following:

EXIM authorized $5.4 billion of loan guarantees, export credit insurance, and direct loans in support of an estimated $10.8 billion of U.S. export sales and an estimated 37,000 jobs.
EXIM’s small business authorizations totaled more than $2.0 billion, representing 38.6 percent of total authorizations—exceeding the agency’s charter requirement of 25 percent. Transactions that directly benefited small business exporters were nearly 89 percent of total transactions.
EXIM authorized $335.4 million for minority- and women-owned businesses.
As of the FY 2020 year-end on September 30, 2020, EXIM’s quarterly default rate was 0.819 percent, well under the «below 2 percent» cap established in EXIM’s Charter in 2015.

For more information, see the fact sheet summarizing highlights of the 2020 Annual Report.

ABOUT EXIM:

The Export-Import Bank of the United States (EXIM) is the nation’s official export credit agency with the mission of supporting American jobs by facilitating U.S. exports. To advance American competitiveness and assist U.S. businesses as they compete for global sales, EXIM offers financing including export credit insurance, working capital guarantees, loan guarantees, and direct loans. As an independent federal agency, EXIM contributes to U.S. economic growth and keeps America strong by supporting tens of thousands of jobs in exporting businesses and their supply chains across the United States. Since 1992, EXIM has generated more than $9 billion for the U.S. Treasury for repayment of U.S. debt. Learn more at http://www.exim.gov.

Media Contact

Office of Communications, Export-Import Bank of the United States, 202-565-3204, linda.formella@exim.gov

SOURCE Export-Import Bank of the United States

Rogers International Commodity Index (RICI®) Composition Unchanged — FX Source Changed

SINGAPORE, Jan. 22, 2021 /PRNewswire/ — Following the annual meeting of the Rogers International Commodity Index (RICI®) Committee, Jim Rogers and Beeland Interests, Inc. announce no adjustments to the weights of components comprising the RICI, leaving the Index components and weights unchanged since the January 2019 roll period. This outcome reaffirms the founding premise that for the sake of transparency, consistency and stability,…

Effective with the January 2021 roll period, which roll period begins at the end of January 2021, the Index will use WM/Refinitiv Closing Spot Rates fixed at 4 p.m. London as the FX source for settlement levels. The Monthly Contract Weight (MCW) to be calculated for the January 2021 roll period also will use such rates on the MCW calculation day. TPI will continue to be the FX source used for Index intraday levels.

The RICI represents the value of a compendium (or «basket») of globally traded commodities employed in the global economy (38 commodity futures contracts), ranging from agricultural and energy products to metals and minerals. The RICI and its various sub-indexes are used by many investment banks and investors throughout the world.

A copy of the current RICI Handbook may be downloaded free of charge at the following Internet link: http://www.beelandinterests.com/RICI%20Handbook.html

Jim Rogers, an advocate of commodities-based investing, created the RICI in 1997 and 1998 and is the CEO of Beeland Interests, Inc., the owner of the Index. The RICI Committee, currently chaired by Jim Rogers, determines the Index components and weights. Jim Rogers also is the author of Investment Biker, Adventure Capitalist, Hot Commodities, A Bull In China, A Gift to My Children and Street Smarts – Adventures on the Road and in the Markets.

«Jim Rogers«, «James Beeland Rogers, Jr.«, and «Rogers» are trademarks and service marks of, and «Rogers International Commodity Index» and «RICI» are registered trademarks and service marks of, Beeland Interests, Inc., which are used subject to license. The personal names and likeness of Jim Rogers/James Beeland Rogers, Jr. are owned and licensed by James Beeland Rogers, Jr.

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SOURCE Beeland Interests, Inc.

‘Transpotainment’ Trends Buoy Flailing Motorcycle Sales During COVID-19 Pandemic

CLEVELAND, Jan. 22, 2021 /PRNewswire/ — 2020 was a rocky year for the US motorcycle industry as the effects of the COVID-19 pandemic caused overall sales to tumble. But there were also silver…

CLEVELAND, Jan. 22, 2021 /PRNewswire/ — 2020 was a rocky year for the US motorcycle industry as the effects of the COVID-19 pandemic caused overall sales to tumble. But there were also silver linings:

Unlike much of the rest of the world, in the US, motorcycles, scooters, mopeds, and e-bikes are generally considered recreational – or «transpotainment» – vehicles, typically purchased by hobbyists and regarded as a fun way to get from place to place rather than as a primary mode of personal transportation.
Spending on big-ticket items like motorcycles plummeted along with consumer incomes in the first part of 2020 with the onset of the pandemic.
However, certain segments of the motorcycle market provided unexpected near-term growth and ample opportunity for long-term expansion, causing market leaders to pivot their focus and recalibrate their strategies.

Freedonia analyst Gleb Mytko explains: «The COVID-19 pandemic impacted virtually everything in the US two-wheeler market, from global supply chains to the operations of retailers. As consumers adjusted to new realities, however, they reduced use of public transportation and ride sharing services, and pursued new forms of recreation. In turn, the US saw interest in bicycles, e-bikes, scooters, mopeds, and motorcycles surge. This peak in consumer interest coincided with the introduction of the next generation of two-wheelers, built on more than a decade of technological innovation. Potential buyers in the US – including both new and experienced riders – were met with an array of appealing options at many different price points, allowing them to find the model that meets all of their needs.»

US Motorcycle Sales Expected to Approach $6 Billion in 2024

Demand for motorcycles in the US is projected to grow 5.4% per year to over 1.0 million units in 2024, aided by surging e-bike and electric motorcycle and scooter sales. For more information, see Global Motorcycles, now available from The Freedonia Group.

About The Freedonia Group – The Freedonia Group, a division of MarketResearch.com, is a leading international industrial research company publishing more than 100 studies annually. Since 1985 we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Each study includes product and market analyses and forecasts, in-depth discussions of important industry trends, and market share information. Studies can be purchased at www.freedoniagroup.com and are also available on www.marketresearch.com and www.profound.com.

Press Contact:
Corinne Gangloff
+1 440.842.2400
cgangloff@freedoniagroup.com

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SOURCE The Freedonia Group

Michael J. Cumbo Appointed President & CEO Of Omega Optical Holdings

BRATTLEBORO, Vt., Jan. 22, 2021 /PRNewswire/ — Omega Optical Holdings, LLC (Omega or the Company), a leading precision optics platform backed by Artemis Capital Partners (Artemis), announced today that Dr. Michael J. Cumbo has been appointed President and CEO, effective February 1^st. Dr. Cumbo brings more than 30 years of leadership experience in the optics and photonics industry to Omega.

…

Artemis formed Omega Optical Holdings, LLC in August 2020, upon the acquisition of Omega Optical, LLC, a manufacturer of precision optical filters and coatings, and plans to target further complementary acquisitions. Dr. Cumbo will lead all strategic and operational initiatives to position the platform for long-term growth.

Dr. Cumbo is an experienced optics and photonics industry leader with a successful track record of building world-class optical technology companies in the life science, defense & aerospace, semiconductor, and industrial OEM markets. Cumbo joins Omega from his previous role as CEO at AIM Photonics, the U.S. Defense Department’s $600 million photonics hub in Albany, NY, where he will continue to serve as an advisor to AIM’s Leadership Council. Prior to AIM Photonics, Cumbo spent 30 years driving growth and technology development at market-leading optics businesses across the globe, most recently serving as Vice President at AMETEK-ZYGO and as President of IDEX Optics & Photonics.

«We are very pleased to welcome Mike as President and CEO of Omega,» said Peter A. Hunter, Managing Director at Artemis and Chairman of Omega. «He has a deep technical and business background in optics, and he also has a proven track record of successfully building great companies and moving technologies and teams from research to production. We are excited about Omega’s potential, and we are confident in Mike’s ability to help build an innovative, world-class optics platform.»

«I am honored and excited to join the Omega team and partner with Artemis in building the Omega Optical Holdings platform,» Cumbo said. «I look forward to working closely with Omega’s management team, employees, customers and suppliers to build an agile organization that solves mission-critical technology challenges for our customers and meets the growing global demand for high precision, no-fail optical coatings, components and assemblies.»

Dr. Cumbo holds a Ph.D. in Optics, an M.S. in Optical Engineering, and a B.S. in Physics from the University of Rochester, as well as an M.S. in Electrical Engineering from Rochester Institute of Technology. He has 11 patents and authored 22 technical journal papers and conference proceeding articles.

Omega Optical
Founded in 1969, Omega Optical designs and manufactures precision optical filters and coatings enabling mission-critical applications for global OEM customers in a wide range of industries, including life sciences, environmental monitoring, aerospace, defense, semiconductor, and more. Specializing in complex, high-performing thin film band pass filters, the Company has a breadth of capabilities and experience to support full customer life cycle needs from design to prototyping to volume production. Omega is ISO 9001:2015 and ITAR compliant. For more information on Omega Optical, please visit: www.omegafilters.com

Artemis
Founded in 2010, Artemis Capital Partners is a Boston-based private equity firm focused on acquiring and growing manufacturers of differentiated industrial technologies, including optics and photonics. Artemis seeks to partner with companies that have strong established management teams, outstanding engineering capabilities, unique products, and expanding niche markets. For more information on Artemis, please visit: www.artemislp.com.

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SOURCE Omega Optical (an Artemis company)

Lucid Motors Adds Second Retail Location in South Florida At Rosemary Square in West Palm Beach

WEST PALM BEACH, Fla., Jan. 22, 2021 /PRNewswire/ — Lucid Motors, which is setting new standards for sustainable mobility with its advanced luxury EVs, today announced the opening of its newest retail location in South Florida – the Lucid Studio in West Palm Beach at Rosemary Square – on Saturday, January 23. This location is the sixth in a network of Lucid Studios that will grow to 20 locations across the United States by the end of the year. All Lucid Studios are designed to give customers the opportunity to experience Lucid’s advanced electric vehicle technology and reserve their own Lucid Air all-electric sedan.

At any Lucid Studio, customers can review options for the full Lucid Air lineup of luxury, high-performance EVs, which resets the bar for electric vehicle performance and efficiency with 517 miles of projected range on a single charge for the Grand Touring model and a 0-60 mph time as low as 2.5 seconds. The lineup includes the Lucid Air Pure, a very well-equipped model available from $77,400 ($69,900 after federal tax credit), the Lucid Air Touring, which starts at $95,000 ($87,500 after federal tax credit), and the Lucid Air Grand Touring that starts at $139,000 ($131,500 after federal tax credit). The first available Lucid Air model will be the exclusive, limited production Dream Edition, available from $169,000 ($161,500 after federal tax credit) , featuring a projected 503 miles of range, with 1080 hp and a quarter mile time of 9.9 seconds. Lucid Air production begins in Spring 2021 at the newly completed Lucid Advanced Manufacturing Plant (AMP-1) in Casa Grande, Arizona.

«The opening of our West Palm Beach Studio signifies our confidence in the South Florida market as we continue the expansion of our retail network across the United States,» said Zak Edson, Senior Director of Retail Operations, Lucid Motors. «Our first product, Lucid Air, is a true luxury EV that will set new standards in power, efficiency, comfort and range, and we look forward to sharing it with discerning consumers at our newest location in West Palm Beach.»

«We believe in brands that are reimagining and also leading their respective industries and are thrilled to build on the success of our current tenants with additions like Lucid Motors that speak to the experience, connection and innovation that define our neighborhood,» said Gopal Rajegowda, Partner at Related Southeast, developer of Rosemary Square.

About Lucid Motors
Lucid’s mission is to inspire the adoption of sustainable energy by creating the most captivating electric vehicles, centered around the human experience. The company’s first car, the Lucid Air, is a state-of-the-art luxury sedan with a California-inspired design underpinned by race-proven technology. Featuring luxurious interior space in a mid-size exterior footprint, select models of the Air will be capable of a projected EPA range of over 500 miles and 0-60 mph in under 2.5 seconds. Customer deliveries of the Lucid Air, which will be produced at Lucid’s new factory in Casa Grande, Arizona, will begin in the spring of 2021.

Media Contacts
Andrew Hussey
David Buchko
media@lucidmotors.com

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SOURCE Lucid Motors

Michael J. Cumbo Appointed President & CEO Of Omega Optical Holdings

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Dr. Cumbo is an experienced optics and photonics industry leader with a successful track record of building world-class optical technology companies in the life science, defense & aerospace, semiconductor, and industrial OEM markets. Cumbo joins Omega from his previous role as CEO at AIM Photonics, the U.S. Defense Department’s $600 million photonics hub in Albany, NY, where he will continue to serve as the Chairman of AIM’s Leadership Council. Prior to AIM Photonics, Cumbo spent 30 years driving growth and technology development at market-leading optics businesses across the globe, most recently serving as Vice President at AMETEK-ZYGO and as President of IDEX Optics & Photonics.

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SOURCE Omega Optical (an Artemis company)

National Audubon Society Announces Additions to Senior Leadership with Appointment of New President and Chief Conservation Officer and Chief Equity, Diversity, and Inclusion Officer

NEW YORK, Jan. 22, 2021 /PRNewswire/ — The National Audubon Society («Audubon») today announced the appointment of two key senior hires to join the organization’s leadership team following broad national searches. Dr. Elizabeth Gray will join Audubon as President and Chief Conservation Officer, reporting to CEO David Yarnold. Dr. Gray will be the first woman to hold the title of President in the organization’s 115-year history. Jamaal Nelson has been appointed Chief Equity, Diversity, and Inclusion Officer, and will also report to David Yarnold. These appointments will become effective March 8 and March 1, respectively. Audubon has also announced the promotion of David Ringer to Chief Network and Communications Officer.

Audubon Board Chair, Maggie Walker, said, «This is an exciting moment for Audubon as we welcome two outstanding leaders – Elizabeth and Jamaal – to the organization’s executive team. Elizabeth’s exceptional credentials as a scientist, fundraiser and strategic leader will give Audubon much-needed executive capacity as we continue to grow. While we did not originally set out in our search to hire for the role of President, meeting Elizabeth presented us with a golden opportunity to build on a doubling of our budget over the past decade and our vastly increased influence and capabilities. She and David will make a terrific team.»

Ms. Walker continued, «Audubon and its Board and leaders are all deeply committed to ensuring diversity, equity, and inclusion are at the core of what we do and how we operate every day. That is why we could not be more excited to welcome Jamaal to lead Audubon on this journey. The organization will benefit greatly from his expertise in advancing social and environmental justice as we work together to put our values into practice.»

Dr. Elizabeth Gray
Dr. Elizabeth Gray is a renowned expert in the field of conservation and climate change. She was selected after an extensive search process involving both internal and external candidates, led by Isaacson Miller. During the search process and in recognition of the outstanding candidacy of Dr. Gray, Audubon elected to split the roles of President and CEO. Dr. Gray will serve as President and Chief Conservation Officer, with responsibility for the organization’s conservation, policy, international, and science teams, as wells as the national network of chapter organizations. As CEO, Mr. Yarnold will continue to serve as the organization’s senior leader, strategist and fundraiser. Dr. Gray will report to him, as will the heads of development; equity, diversity and inclusion; operations; state offices; and marketing.

Trained as an ornithologist, Dr. Gray has spent more than three decades as a dedicated conservationist, spending considerable time in the field nationally and abroad. She joins Audubon from The Nature Conservancy where she most recently held the role of Global Managing Director for Climate. Dr. Gray has a significant track record on climate change leadership at the national and global level including: serving as a global spokesperson for the Conservancy’s climate change work at the United Nations Framework Convention on Climate Change meetings; launching regional programs in climate adaptation and natural climate solutions across the United States, Canada and the Caribbean; and, publishing numerous scientific papers focused on her research in climate-impacted areas such as Latin America, East Africa, Hawaii and the Pacific Northwest.

Dr. Gray served as one of five members of The Nature Conservancy’s Global Gender Equity Council, advising the CEO, President, and COO/General Counsel on gender issues across the organization. She founded the first urban conservation program in Washington, D.C., and has worked to empower the next generation of conservation leaders through a young professional’s network and youth advocacy program. Dr. Gray earned her Ph.D. in ecology from the University of Washington and holds an A.B. with highest honors in psychology from Harvard University. She will be based in Washington, D.C.

Mr. Yarnold said, «When we embarked on the search for a Chief Conservation Officer, we could not have imagined a better candidate than Elizabeth. Her unmatched track record as a global leader on climate and conservation, together with her deep commitment to diversity and inclusion make her the ideal fit for our organization. Audubon will benefit tremendously from her strategic and creative approach, not to mention her scientific and policy expertise. I am thrilled to welcome Elizabeth to our team as President and look forward to working alongside her to build an Audubon for the future.»

Dr. Elizabeth Gray said, «Audubon’s mission resonates deeply with me; my love of birds began as a college student when I studied how homing pigeons navigate. I am excited and honored to join the Audubon team as President and CCO. I look forward to working with Audubon’s wonderful talent to advance new and innovative solutions to the most pressing challenges facing birds and the places they need, today and tomorrow.»

Audubon’s conservation priorities reflect the opportunity that a bipartisan membership base offers. From working across the aisle on climate and clean energy, to a «30×30» agenda for America’s lands and waters, to bedrock bird conservation policies, Audubon brings 115 years of trust and an entrepreneurial approach to bear for birds and people and the places they need.

Jamaal Nelson
Jamaal Nelson will join Audubon as Chief Equity, Diversity, and Inclusion Officer. His appointment is the culmination of a national search process that included internal and external candidates and was led by Russell Reynolds.

Mr. Nelson is a widely recognized leader in issues of diversity and inclusion and has a track record in helping some of the most important and visible organizations in the country transform their cultures in support of social justice. Mr. Nelson previously served as Partner and Advisor with The Management Center, a nonprofit management consulting and leadership development organization that supports social justice leaders in building and running more effective organizations. In this role, Mr. Nelson led DEI, coaching, and organizational effectiveness services to leading national nonprofits and their leaders, including organizations such as Generational Citizen, the NAACP, American Red Cross, Common Cause, the Legal Defense Fund, and the Democratic National Committee.

Mr. Nelson also held various leadership roles at Leadership for Educational Equity, a nonprofit leadership development organization focused on supporting civic leaders who are working to end the injustice of educational inequity. He continues to serve a senior advisor to the Executive Director of LEE. In addition to these roles, Mr. Nelson’s career spans many years in education and labor organizing. Mr. Nelson holds an M. Div. from Harvard Divinity School and received his B.S. with honors in Human and Organizational Development from Vanderbilt University. He will be based in New York.

David Yarnold commented, «There has never been a more important time in Audubon’s history – or the history of the conservation movement – to ensure that we are fostering a workplace that values and lifts up diverse voices, ensures everyone feels that they belong, fights systemic racism and injustice, and that our work in communities does the same. Jamaal stood out for his deep expertise and experience leading organizations through transformational change – and for his strong values and commitment to justice. He is the passionate, experienced, and accomplished leader that Audubon needs and we will again budget an additional discretionary $1 million to help jump start our ED&I work — as we did this year. I look forward to working with Jamaal to ensure Audubon lives up to its mission of being an Audubon for all.»

Jamaal Nelson said, «I am honored to be joining Audubon at this important moment in the organization’s history. Audubon’s mission is one that I admire greatly, and I am looking forward to driving positive change in the conservation movement so that it is more inclusive and equitable for the BIPOC community especially. The passion and talent that I have seen across Audubon’s staff and leadership make me excited for what we will be able to accomplish towards this goal.»

David Ringer
In addition to the appointments of Dr. Gray and Mr. Nelson, Audubon has announced the promotion of David Ringer to Chief Network and Communications Officer. This elevation follows the changes made to the organization of Audubon’s executive team with the now-separate roles of CEO and President and reflects the expanded scope under Mr. Ringer’s responsibilities. Mr. Ringer joined Audubon in 2009 and was appointed as the organization’s first Chief Network Officer in 2016.

The National Audubon Society protects birds and the places they need, today and tomorrow. Audubon works throughout the Americas using science, advocacy, education, and on-the-ground conservation. State programs, nature centers, chapters, and partners give Audubon an unparalleled wingspan that reaches millions of people each year to inform, inspire, and unite diverse communities in conservation action. A nonprofit conservation organization since 1905, Audubon believes in a world in which people and wildlife thrive. Learn more at www.audubon.org and on Facebook, Twitter and Instagram @audubonsociety.

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SOURCE National Audubon Society, Inc.

InventHelp Inventor Develops Environmentally-Friendly Design for Caskets (LVT-359)

PITTSBURGH, Jan. 22, 2021 /PRNewswire/ — «I wanted to create a more earth-conscious casket design for people and pets,» said an inventor, from Las Vegas, Nev., «so I invented the E-CASKET. My design enables you to protect the environment even in death.»

<a href="https://mma.prnewswire.com/media/634035/InventHelp_Logo.html" target="_blank"…

The invention provides an environmentally-friendly casket option. In doing so, it reduces deforestation and plastic waste. As a result, it helps to protect the environment after the individual’s death and it provides added peace of mind. The invention features a unique design that is convenient and easy to use so it is ideal for the general population. Additionally, it is producible in design variations.

The original design was submitted to the Las Vegas sales office of InventHelp. It is currently available for licensing or sale to manufacturers or marketers. For more information, write Dept. 19-LVT-359, InventHelp, 217 Ninth Street, Pittsburgh, PA 15222, or call (412) 288-1300 ext. 1368. Learn more about InventHelp’s Invention Submission Services at http://www.InventHelp.com.

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SOURCE InventHelp

Groundbreaking Flow Battery Project Helping To Advance Clean Energy Microgrids

SAN DIEGO, Jan. 22, 2021 /PRNewswire/ — Two years after becoming the first battery of its kind to be connected to the California grid to help support reliability and maximize the use of clean energy, the vanadium redox flow (VRF) battery based at a San Diego Gas & Electric substation is again breaking new ground. This time, the emerging battery technology is being tested as a means to help achieve zero-emission microgrids – a tool to keep communities and…

With the support of Japan’s New Energy and Industrial Technology Development Organization (NEDO) and the California Governor’s Office of Business and Economic Development (GO-Biz), SDG&E and Sumitomo Electric (SEI) launched the demonstration project in 2017. The collaboration was recently extended for another year through the end of 2021, to further test the battery’s microgrid capabilities and maximize its ability to support the grid with ancillary services such as voltage and frequency regulation. Unlike the most prevalent energy storage technology (stacked cells of lithium-ion batteries), the flow battery being tested consists of tanks of liquid electrolytes and pumps. It began participating in the California Independent System Operator’s (CAISO) wholesale electricity markets in December 2018 and was used last summer to help minimize the impact of rotating outages during a record heatwave.

«Long-duration energy storage and microgrids are both key to helping California meet its clean energy, reliability and resiliency goals. We need breakthrough technologies to achieve 100% renewable energy on our grid and to power microgrids during emergencies,» said SDG&E CEO Caroline Winn. «SDG&E is proud to play a role in developing innovative solutions, like the flow battery technology, to help solve California’s climate-related challenges.»

Flow battery systems have an expected lifespan of more than 20 years and could have less degradation over time from repeated charging cycles than other chemical battery technologies.

«This project is cutting-edge and serves as the proving ground for integrating flow batteries into microgrids,» NEDO Executive Director Sato Yoshiteru said. «We are determined to contribute towards developing innovative solutions to environmental and energy challenges, such as improving grid reliability, which are among the most important issues for the State of California.»

«I’d like to express my deepest gratitude to GO-Biz, San Diego Gas & Electric and NEDO for implementation of the Sumitomo flow battery in California. This is a reliable, long-duration technology that offers a high degree of operational freedom and fire safety, using non-flammable and re-usable electrolyte. Based upon these advantages, I’m confident the flow battery contributes to grid reliability in California. I am determined to help California reach its clean energy goals. I look forward to continuing our partnership with San Diego Gas & Electric,» said Hideo Hato, Senior Managing Director of Sumitomo Electric.

In 2015, NEDO signed an agreement with GO-Biz to test flow battery performance in a demonstration setting. NEDO then contracted with Sumitomo to implement the project. The flow battery provides 2 MW/8 MWh of energy, enough to power the equivalent of about 1,000 homes for up to four hours.

«California has proven time and again that addressing climate change is good for our environment, it’s good for future generations, and it’s good for our economy – spurring new technologies and creating new markets on a regular basis,» said Tyson Eckerle, GO-Biz’s Deputy Director of Zero Emission Vehicle Market Development. «We continue to be proud international partners with NEDO as this game-changing technology brings new opportunities and renewed economic growth through renewable energy.»

Since unveiling the project in 2017, SDG&E has been researching if flow battery technology can economically enhance the delivery of reliable energy to customers, integrate growing amounts of renewable energy and increase the flexibility of grid operations. Like other energy storage systems, the flow battery absorbs or releases electrons as needed to help maintain grid stability. For example, soaking up surplus solar energy generated in the middle of the day and discharging it to the grid during peak evening hours.

SDG&E has been a leader in integrating energy storage, as well as developing microgrids. In 2013, SDG&E began operating the first utility-scale microgrid in America – the Borrego Springs Microgrid. Last year, it received a federal grant to upgrade the Borrego system to run on 100% renewable energy. In 2017, SDG&E unveiled what was then the world’s largest lithium-ion battery storage facility. To date, SDG&E has about 100 MW of energy storage projects completed or contracted and is working to add more.

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SOURCE SDG&E

ALYI Targets Unique Electric Vehicle Market Segment And Anticipates 2021 Breakout

DALLAS, Jan. 22, 2021 /PRNewswire/ — Alternet Systems, Inc. (USOTC: ALYI) today published a corporate update and 2021 outlook from company CEO Randell Torno. The update and outlook is included in entirety below.

ALYI Corporate Update and 2021 Outlook

The ALYI business model is founded on the idea of establishing a perpetual system of electric vehicle innovation.

Unlike the vast majority of electric vehicle contenders, ALYI is not staking…

ALYI Corporate Update and 2021 Outlook

The ALYI business model is founded on the idea of establishing a perpetual system of electric vehicle innovation.

Unlike the vast majority of electric vehicle contenders, ALYI is not staking its shareholder value on a single state-of-the-art electric vehicle designed to capture consumers imagination today. ALYI is launching an electric mobility ecosystem to continuously identify market needs, capture the best available technology, target new ideas and combine all of the above into the next and the next and the next innovative electric vehicle product.

To both attract industry leading talent and provide an opportunity to prove their innovations, ALYI is launching an annual electric vehicle race in partnership with a brand name racing organization. The annual race event will be hosted simultaneously with an electric mobility symposium and expo.

While most electric vehicle companies target developed economic markets where their products will have to replace existing combustion engine powered competitors, ALYI is focused on Africa where low per capita transportation saturation provides the opportunity to introduce first time transportation solutions, not replacements.

Yes, we’ve started with an electric motorcycle to prime the electric mobility ecosystem.

Since the original pilot motorcycle, the ALYI design team has introduce two additional electric motorcycle design paths.

First, the company will produce an electric motorcycle with a sleek retro style based on a BMW R71 clone (www.revoltmotorbikes.com) and include a conversion kit for do-it-yourselfers to electrify their own BMW R71 or R71 clone.

ALYI’s second design path leads to an electric motorcycle to be produced immediately to specifically support an Uber and Lyft type transportation solution evolving the African motorcycle taxi (Boda) market.

ALYI’s design team has now launched a third design path to develop a paradigm changing, state-of-the-art electric motorcycle. In particular, the third design path will be integrated into the electric mobility ecosystem.

ALYI progress in 2020, has put the company in a strong position to make 2021 a breakout year.

ALYI has existing orders for its electric motorcycles and the opportunity to increase orders by one thousand percent, if not more. Demand in Africa is high.

ALYI has production partners in Africa ready to produce ALYI’s electric motorcycles.

The electric vehicle race partnership has begun site selection and engineering to host the annual event.

The anticipated breakout in 2021 will be triggered on ALYI’s financing partner finalizing its $100 million investment commitment.

ALYI’s financing partner, RevoltTOKEN, has already provided key funding to advance ALYI’s business plan to its current stage. RevoltTOKEN plans to democratize the ALYI electric vehicle ecosystem through the introduction of dedicated cryptocurrency offering holders participation in the ecosystem. RevoltTOKEN, the business entity, plans to offer RevoltTOKENs, a cryptocurrency, through an Initial Coin Offering (ICO).

RevoltTOKEN is carefully addressing regulatory prerequisites prior to launching an ICO. While RevoltTOKEN optimistically anticipated the process to address regulatory prerequisites going faster than has been the case, RevoltTOKEN is still resolved in its commitment to fund ALYI progress in a timely manner. While RevoltTOKEN remains committed to the ICO, RevoltTOKEN plans to soon provide additional funding separate from the ICO process to maintain ALYI on a rapid business development path.

The prevailing electric vehicle investment environment is ideal for ALYI to access necessary funding to maintain business development momentum. In addition to the heightened electric vehicle investment interest that began in the summer of 2020, President Biden’s environmental agenda now stands to further accelerate electric vehicle investment interest.

RevoltTOKEN and ALYI anticipate soon finalizing terms on the next strategic investment that will fund electric racetrack construction and fund the initiation of electric motorcycle production in Africa.

2021 is going to be an exciting year for ALYI.

For more information and to stay up to date on ALYI’s overall latest developments, please visit www.alternetsystemsinc.com.

Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies’ contracts, the companies’ liquidity position, the companies’ ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.

Alternet Systems, Inc. Contact:
Randell Torno
info@lithiumip.com
+1-800-713-0297

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SOURCE Alternet Systems, Inc.