Media Briefing: State And Trends In Adaptation Report And Climate Adaptation Summit 2021

ROTTERDAM, Netherlands, Jan. 13, 2021 /PRNewswire/ —

ROTTERDAM, Netherlands, Jan. 13, 2021 /PRNewswire/ —

When: Wednesday 20th January at 12.00 CET
What: Media briefing with Ban Ki-moon, 8th Secretary General of the United Nations
Where: To register to join please email CAS2021-Press@minienw.nl with your name, media outlet and work email address.

To learn more about the Climate Adaptation Summit on Monday 25thJanuary 2021 and accompanying announcements from the Global Center on Adaptation on Friday 22nd January please join our media briefing with:

  • Ban Ki-moon, 8th Secretary General of the United Nations and Chair of Global Center on Adaptation
  • Patrick Verkooijen, CEO, Global Center on Adaptation

In the second part of this media session, you will receive an off the record background briefing about the Climate Adaptation Summit.

The Global Center on Adaptation
The Global Center on Adaptation (GCA) is a new international organization, led by Patrick Verkooijen, which acts as a solutions broker to accelerate adaptation action.

In the lead up to the  Summit GCA will be make the following announcements on Friday 22nd January 2021in its capacity as Managing Partner of the Climate Adaptation Summit.

++ Embargoed until Friday 22ndJanuary 2021, 0100 GMT++
State and Trends in Adaptation 2020 Report
This report is the first in a series that will assess progress on climate adaptation and provide guidance and recommendations on best practice in adapting to the effects of a changing climate and building resilience to climate shocks.

Signed Science Statement
Over 2,500 scientists from more than 130 countries will release a signed statement calling on world leaders, decision-makers and investors, to change the way we understand, plan and invest for a changing climate to ensure we limit future damage. 

Youth Declaration
Led by GCA’s Youth Adaptation Network, young people from more than 115 countries will present a Global Youth Call to Action «Adapt for our Future» which will be shared with world leaders at the Climate Adaptation Summit.

++ Embargoed until Monday 25thJanuary 2021, 0100 GMT++
Background briefing – Climate Adaptation Summit
Hosted by the Netherlands, CAS2021 is the first global summit of world leaders dedicated to accelerating action for a climate resilient recovery from Covid-19. Following the work of the Global Commission on Adaptation, chaired by Ban Ki-moon, 8th Secretary General of the United Nations, Bill Gates, Co-founder of Bill and Melinda Gates Foundation and Kristalina Georgieva, Managing Director of the International Monetary Fund, CAS2021 will launch a comprehensive Adaptation Action Agenda to kick start a transformational decade.

World leaders including Prime Minister Mark Rutte of the Netherlands, German Chancellor Angela Merkel, British Prime Minister Boris Johnson, President of France, Emmanuel Macron, Prime Minister Narendra Modi and Prime Minister of Bangladesh Sheikh Hasina will participate. They will be joined by Bill Gates, co-founder of Bill and Melinda Gates Foundation, UN Secretary General Antonio Guterres, Managing Director of the IMF, Kristalina Georgieva and Executive Vice-President of the European Commission Frans Timmermans.

During this background briefing you will be informed about the goals, relevance and contents of the Climate Adaptation Summit and practical information will be shared about how you can register to attend.

Summit registration
If you want to join CAS as press, a press registration is necessary. To register as press for CAS2021, please click here: https://www.cas2021.com/press/press-accreditation

For further information
Media coordinator of the Climate Adaptation Summit
miranda.mens@minienw.nl

Head of Communications, Global Center on Adaptation
Alex.gee@gca.org

Website
www.cas2021.com

Logo – https://mma.prnewswire.com/media/1044191/GCA_Logo.jpg  
Logo – https://mma.prnewswire.com/media/1419910/Climate_Adaptation_Summit_Logo.jpg

 

 

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/media-briefing-state-and-trends-in-adaptation-report-and-climate-adaptation-summit-2021-301207644.html

SOURCE The Global Center on Adaptation

Avalon Park Group Enters the US Market for Renewable Energy with Large Photovoltaic Farm

AVALON PARK, ORLANDO, Fla., Jan. 13, 2021 /PRNewswire/ — Avalon Park Group has entered a purchase contract for 6,253 acres in Volusia County.  The property is located approximately 5 miles west of Avalon Park Daytona Beach on State Road 40, west of Interstate 95, bisected by West Granada Boulevard/State Road 40 and is adjacent to the Tiger Bay State Forest.

AVALON PARK, ORLANDO, Fla., Jan. 13, 2021 /PRNewswire/ — Avalon Park Group has entered a purchase contract for 6,253 acres in Volusia County.  The property is located approximately 5 miles west of Avalon Park Daytona Beach on State Road 40, west of Interstate 95, bisected by West Granada Boulevard/State Road 40 and is adjacent to the Tiger Bay State Forest.

Avalon Park Group has formed an international consortium with Switzerland and Singapore based partners to bring a 300+ megawatt photovoltaic energy farm to Volusia County.  «Utilizing the abundant natural resource of the Sunshine State allows us to create a photovoltaic farm at a scale that will not only support the sustainability of the Avalon Park Daytona Beach Community, but also provides a renewable energy source for the entire region to utilize,» says Beat Kahli, CEO, Avalon Park Group.

The company’s vision to create healthy, sustainable communities’ dates back 35 years to one of its first projects, the Comino Hotels in Malta, where solar energy was used.  Avalon Park Group has since been engaged in other sustainability ventures including timber, agriculture technology and other solar projects in Germany and Switzerland.

Additional sustainability plans include a biomass and agrivoltaic farm, an advanced wetland treatment park to assist in treating the excess greywater that has been a long-time regional issue.  Additional plans include an agrihood, timberland, regional recreational amenities, and additionally to ensure the preservation of existing wetlands and open space.  

«Renewable energy in the form of photovoltaic is where the energy market is moving to,» says Beat Kahli, CEO, Avalon Park Group.  «We are not entering this market in the US with our Swiss and Asian Partners because of a scarcity of fossil energies like gas, coal or oil, it is just an idea for which the time has come.  Similarly, the world didn’t move out of the stone age because of the lack of stone, but because of the abundance of new and better resources.»

This land enhances the sustainability plans of Avalon Park Group within Volusia County which currently includes plans for a compact, walkable, mixed-use and interconnected town where everyone can Live, Learn, Work and Play. 

About Avalon Park Group

Avalon Park Group is a uniquely diversified family of companies engaged in businesses ranging from master-planned community development, to home building, mining and property management, in Florida, Texas and Switzerland. With more than $1 billion in total assets, Avalon Park Group combines its exceptional reputation, sound business experience and significant financial resources to invest in extraordinary opportunities. At Avalon Park Group, our mission is to change the way the world lives, learns, works and plays through creating healthy sustainable communities and every aspect thereof. Avalon Park Group develops communities like Avalon Park, where our residential villages are surrounded by preservation, fields, and ponds that are interconnected by roadways, pedestrian walks, and trails that provide effortless access to. For more information, visit www.AvalonParkGroup.com or call 407-658-6565.

Contact: Beat Kahli, Avalon Park Group, 321-229-4116 or Stephanie Lerret, Avalon Park Group, 407-427-6073.

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/avalon-park-group-enters-the-us-market-for-renewable-energy-with-large-photovoltaic-farm-301207626.html

SOURCE Avalon Park Group

APAA Congratulates President-Elect Biden and Calls for the Preservation of the Section 232 Aluminum Tariffs

WASHINGTON, Jan. 13, 2021 /PRNewswire/ — Today, the American Primary Aluminum Association (APAA) in a letter congratulated President-elect Joe Biden on his upcoming inauguration, called for unity in our country, and urged the incoming Biden Administration to maintain protections for America’s primary aluminum industry. APAA member companies stand ready to work with the Biden Administration to strengthen the U.S. economy, rebuild domestic supply chains and create new…

WASHINGTON, Jan. 13, 2021 /PRNewswire/ — Today, the American Primary Aluminum Association (APAA) in a letter congratulated President-elect Joe Biden on his upcoming inauguration, called for unity in our country, and urged the incoming Biden Administration to maintain protections for America’s primary aluminum industry. APAA member companies stand ready to work with the Biden Administration to strengthen the U.S. economy, rebuild domestic supply chains and create new aluminum jobs across our great nation.

«As the Biden Administration takes office, it inherits a program under Section 232 of the Trade Expansion Act of 1962 that has saved thousands of American aluminum jobs,» said Mark Duffy, CEO of APAA. «As a result of the Section 232 program total U.S. primary aluminum production has increased by nearly 60 percent, and two idled smelters have restarted. If the Section 232 measures are removed before balance is restored in the global market, it is likely that the remaining U.S. smelters will be forced to shut down, leaving U.S. supply chains for this critical material vulnerable to disruption.»

The APAA letter highlights the importance that primary aluminum plays in U.S. defense, critical infrastructure, and other areas. APAA member company, Century Aluminum, has the sole remaining North American smelter of high-purity aluminum, which is essential to a variety of military applications, including light-weight armor plating to protect U.S. troops in combat. We must ensure that U.S. manufacturers like America’s primary aluminum industry can Build Back Better and look forward to being a partner with the Biden Administration in that effort.

About the American Primary Aluminum Association (APAA): The American Primary Aluminum Association advocates to advance the interests of America’s primary aluminum industry and its workers through the Aluminum Now campaign. The APAA is registered and incorporated in Washington, DC and operates as a non-profit trade association. For more, please visit: www.aluminumnow.org.

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/apaa-congratulates-president-elect-biden-and-calls-for-the-preservation-of-the-section-232-aluminum-tariffs-301207595.html

SOURCE American Primary Aluminum Association

Core Development Group Launches Specialized Owner’s Agent Arm, Suite of Services

MAHWAH, N.J., Jan. 13, 2021 /PRNewswire/ — Core Development Group, a nationally ranked solar energy developer, announced today that it has officially launched a specialized owner’s agent arm to offer a suite of services and resources to companies and nonprofit organizations in the U.S., <span…

MAHWAH, N.J., Jan. 13, 2021 /PRNewswire/ — Core Development Group, a nationally ranked solar energy developer, announced today that it has officially launched a specialized owner’s agent arm to offer a suite of services and resources to companies and nonprofit organizations in the U.S., Canada, and Caribbean islands.

The specialized division will focus on providing companies and nonprofit organizations the confidence to meet their solar energy, and EV charging station design and development goals. Core Development Group has a wealth of experience in renewable energy owner’s agency, with nearly 300 MW of in solar energy and over 1,000 EV charging station design and developments.

«Companies and nonprofit organizations often either do not have the capabilities or resources to dedicate toward renewable energy, but that is where we can help,» said Henry Cortes, Owner and Founder of Core Development Group. «Our newly-launched owner’s agent arm will act as an extension of a company, working hand-in-hand to ensure sustainability and success with renewable energy.»

Core Development Group’s consulting services include request for proposal processes, contractor selection and bid processes, interconnection service agreements, equity and debt financing, power purchase agreements, license and insurance reviews, production data verification, rate structures, market pricing, and more.

«There is a tremendous need for companies to establish processes and strategies surrounding renewable energy procurement, especially with growing sustainability goals,» said Cortes. «By staying ahead of the changing energy market, our experts will help companies and nonprofit organizations help devise strategic renewable energy strategies.»

About Core Development Group

Core Development Group is a leading renewable energy developer and provider of full turnkey EPC services for commercial, government, and utility-scale solar installations. Core’s expert team serves clients in site feasibility and development, Power Purchase Agreements (PPAs), site entitlements and planning, solar system engineering design, interconnection agreements, procurement, project management, construction management, commissioning, operations, and maintenance.

Media Contact:
Core Development Group
Alex Neely
aneely@coredevusa.com / 201-906-0397

Related Links

http://www.coredevusa.com

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/core-development-group-launches-specialized-owners-agent-arm-suite-of-services-301207145.html

SOURCE Core Development Group

Illinois renewable energy experienced rapid growth in 2020; Largest solar developer, Summit Ridge Energy, turned on 30 solar farms across the state

ARLINGTON, Va., Jan. 13, 2021 /PRNewswire/ — Summit Ridge Energy (SRE) today announced an additional 25 of its community solar farms achieved commercial operation across Illinois during the fourth quarter of 2020, bringing the company’s total in the state to 42 and highlighting the resiliency of renewable energy amidst the nation’s broader economic downturn. The company owns more than 90 community solar projects across the United…

ARLINGTON, Va., Jan. 13, 2021 /PRNewswire/ — Summit Ridge Energy (SRE) today announced an additional 25 of its community solar farms achieved commercial operation across Illinois during the fourth quarter of 2020, bringing the company’s total in the state to 42 and highlighting the resiliency of renewable energy amidst the nation’s broader economic downturn. The company owns more than 90 community solar projects across the United States and plans to start construction on another 25 by the second quarter of this year.

«Our ability to move forward with so many projects in 2020 is testament to the demand for affordable solar energy, despite the economic damage caused by the COVID-19 crisis. ESG investing continues to gain momentum across multiple industry sectors, including renewable energy,» said CEO Steve Raeder. «Community solar in particular stimulates local economic growth, provides savings to customers of all income levels and will continue to play a critical role in job creation as the nation regains its footing following this terrible pandemic.»

Democratic State Representative Ann Williams, a leader on Illinois renewable energy issues, added, «the growth and resiliency of renewable energy in Illinois, and in particular solar energy as illustrated by the success of Summit Ridge Energy and others, underscores the need to pass legislation in this upcoming session to meet our long-term energy goals. Renewable energy is the future and Illinois should continue to be a national leader in facilitating its growth.»

By the end of 2021, Summit Ridge Energy will have nearly 200 MWdc of operational community solar projects across the country, providing aggregate annual electricity savings of approximately $2.5mm to over 30,000 households.

About Summit Ridge Energy
Summit Ridge Energy is the nation’s leading owner-operator of community solar assets. Through dedicated funding platforms, the team acquires pre-operational projects within the rapidly growing solar energy and battery storage sectors. Follow Summit Ridge Energy on LinkedIn and Twitter for updates, or learn more at srenergy.com.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/illinois-renewable-energy-experienced-rapid-growth-in-2020-largest-solar-developer-summit-ridge-energy-turned-on-30-solar-farms-across-the-state-301207607.html

SOURCE Summit Ridge Energy

New Vision Solar CFO, Faraz Khan, Poised to Help Drive Company Growth

BLACKWOOD, N.J., Jan. 13, 2021 /PRNewswire-PRWeb/ — On January 4th, Vision Solar announced Faraz Khan as their new Chief Financial Officer. Khan is extremely eager to play a part in the success of the company in the years to come.

Faraz Khan has over 15 years of professional experience within the energy industry. Prior to joining Vision Solar, Khan served as Senior Director of Corporate Finance at…

BLACKWOOD, N.J., Jan. 13, 2021 /PRNewswire-PRWeb/ — On January 4th, Vision Solar announced Faraz Khan as their new Chief Financial Officer. Khan is extremely eager to play a part in the success of the company in the years to come.

Faraz Khan has over 15 years of professional experience within the energy industry. Prior to joining Vision Solar, Khan served as Senior Director of Corporate Finance at Hardinge Inc. for two years, following his experience as CFO for Siemens Gamesa Renewable Energy for four years. His diverse background experience has created a strong reputation for delivering financial results and driving business transformation across the Renewable Energy enterprise.

Khan is extremely passionate about being a part of the switch to renewable energies.

«I think it is a great time to join the renewable energy revolution. Because of this, I am excited to become a part of Vision Solar’s success, while helping them grow with the right financial discipline,» Khan stated.

Khan’s goals for his position is to help the company grow profitably, while improving their margin. He is dedicated to growing in a sustainable way, in order to expand on their current markets.

For any inquiries regarding this press release, please feel free to contact Ellen Granson at egranson@visionsolar.llc

About Vision Solar
Vision Solar is one of the fastest growing solar energy companies in the United States. Their full-service renewable energy company installs solar services for residential homes in Pennsylvania, Arizona, New Jersey, Massachusetts and Florida. Over the past three years, Vision Solar has grossed over $100 million in revenue, with significant increase in projected growth for 2021. To learn more, visit https://visionsolar.llc/.

Media Contact

John Czelusniak, Vision Solar LLC, +1 305-283-6336, jczelusniak@visionsolar.llc

John Czelusniak, Vision Solar LLC, 305-283-6336, jczelusniak@visionsolar.llc

Facebook

 

SOURCE Vision Solar LLC

Alight And International Creatives Host Virtual Premiere Of Humanitarian Film Bringing A Little Piece Of Home To The Kitchen Table

MINNEAPOLIS, Jan. 13, 2021 /PRNewswire/ — In the spirit of camaraderie and support throughout the creative community, global humanitarian organization, Alight, in collaboration with <a target="_blank"…

MINNEAPOLIS, Jan. 13, 2021 /PRNewswire/ — In the spirit of camaraderie and support throughout the creative community, global humanitarian organization, Alight, in collaboration with Burners Without Borders, renowned architect and designer, Ronald «RAEL» Rael, and filmmaker, Kai Schoenhals, has embarked upon igniting a global movement to transform migrant shelters and create sustainable change along the US/Mexico border in a program called A Little Piece of Home. The initiative will be unveiled February 6, 2021 during a virtual fundraising event featuring: an interactive cooking demonstration with activist, food educator and innovator, Chef Charles Michel; the premiere of A Little Piece of Home/Pedacito de la Tierra, a documentary short film by award-winning Director, Lina Lyte Plioplyte; and an in-depth Q&A with project contributors.

«Through the connection of food and storytelling, the goal of this virtual event is to deepen the understanding of migrant populations and to unite communities across borders in a deep, human-centered way,» said Alight Director of the Americas, Annie Nolte-Henning. «It’s Alight’s purpose to serve every individual no matter their circumstances, everyone needs space – to nourish, to rest, to dream – everyone deserves A Little Piece of Home

Chef Michel will lead an interactive cooking demonstration highlighting a family-friendly recipe traditionally made in a horno, similar to the one designed and built by RAEL and members of the community at Casa da Misericordia, the first shelter transformed as part of this program.

«Food has been at the center of families, communities and societies for hundreds of years, today, however, most of us have lost our connection to food and our agricultural roots,» said Chef Charles Michel. «This virtual event allows families from around the world to come together, share in the joy of cooking a meal while learning about A Little Piece of Home and enjoy that meal with one another.»

Guests will engage in meaningful conversation and share a meal with project collaborators and families currently living at the shelter on their migrant journey. The event will conclude with the premiere of A Little Piece of Home/Pedacito de la Tierra.

‘»Hope’ guides our film about a shelter in Nogales, a border city, where we were welcomed by hundreds of migrants who journeyed across the Americas with a common dream of crossing that border,» said A Little Piece of Home Executive Producer, Kai Schoenhals. «Our story follows this community building, cooking and breaking bread together,  as members of all ages share thoughts and ideas about their futures.»

Register here to attend the event on February 6, 2021. Learn more about Alight’s work and A Little Piece of Home along the U.S./Mexico border, at www.wearealight.org.

ABOUT ALIGHT
Established in 1978 by founder Neal Ball, Alight, formerly known as American Refugee Committee, provides health care, clean water, shelter, protection and economic opportunities to more than 3.5 million people in 19 countries each year. Alight believes in the incredible creativity, potential and ingenuity of the displaced and works to shine a light on their humanity, the tremendous amount of good that’s already happening and the possibilities to do more. In 2020, Alight received the prestigious 4-Star Rating from Charity Navigator for the tenth consecutive year, celebrating a decade of impactful work. The organization exists to see and help every person make meaningful change in the world – from displaced and marginalized communities in Africa, Asia and the Americas to…anyone, anywhere.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/alight-and-international-creatives-host-virtual-premiere-of-humanitarian-film-bringing-a-little-piece-of-home-to-the-kitchen-table-301207531.html

SOURCE Alight

Scality accelerates with record-breaking Q4 and 30% YoY annual growth in 2020

SAN FRANCISCO, Jan. 13, 2021 /PRNewswire/ — Scality, the object storage pioneer, achieved worldwide annual growth of 30% year over year, successfully navigating an unprecedented 2020 with the largest quarterly revenue results in the company’s 10-year history. Results were fueled by ever-increasing customer demand for large-scale data management solutions in hybrid and multi-cloud environments, the company announced today.

SAN FRANCISCO, Jan. 13, 2021 /PRNewswire/ — Scality, the object storage pioneer, achieved worldwide annual growth of 30% year over year, successfully navigating an unprecedented 2020 with the largest quarterly revenue results in the company’s 10-year history. Results were fueled by ever-increasing customer demand for large-scale data management solutions in hybrid and multi-cloud environments, the company announced today.

Click to Tweet: @Scality announces record growth in 2020, driven by customer demand for at-scale #datastorage and more deployments for #ai/#ml, #analytics, #ransomware. https://bit.ly/3stHBya

Scality’s enterprise customers now span 43 countries across multiple industries, including healthcare, financial services, cloud service providers, government agencies and media content deliverers. Customer investments grew the most in the areas of all-flash file and object storage solutions, as well as S3 hybrid-deployments across AWS, Microsoft Azure and Google Public Cloud.

Additional highlights of Scality’s growth in 2020 include:

Customer expansion was accompanied by significant wins in the form of some of the largest enterprise deployments in Scality’s history. In 2020, Scality was selected by:

  • A top five U.S. bank for a major long-term financial analytics solution using RING for a large Splunk SmartStore analytics workload with HPE Ezmeral and GreenLake
  • A major U.S. medical imaging service provider that will use RING to support long-term storage requirements for thousands of patients
  • Irish Prison Service to secure the health and safety of inmates and staff with a multi-petabyte storage solution for video storage and maintenance
  • National Library of Spain for backup and archiving, putting Scality RING at three national libraries across the globe
  • KADOKAWA Connected to power seamless data streaming for a leading video-sharing platform

Jerome Lecat, CEO, Scality, said: «In 2020 customers entrusted us with their most valuable asset, their data. As they faced accelerated digital transformation, Scality worked tirelessly to make data more accessible for faster, smarter business decisions. Moving into 2021, we remain committed to being a source of continued stability and innovation despite fluctuating headwinds.»

Jason Donohue, chairman of the board, Scality, said: «Investors committed $20M in new financing to Scality for investment in R&D, customer support and sales. With Scality now funded to profitability, this new financing gives the company the push it needs to continue on its long-term, rapid growth curve. Along with its impressive growth last year, Scality came much closer to profitability in 2020 and, with this new investment, we anticipate the company will reach profitability in 2021.»

Read more in our blog: Reflections on 2020, the year of resilience

About Scality
Scality® builds a market leading software-defined file and object platform designed for on-premises, hybrid and multi-cloud environments. We give customers the freedom and control necessary to compete in a data driven economy. Scality is recognized as a leader by Gartner and IDC. Follow us @scality and LinkedIn. Visit www.scality.com or subscribe to our company blog SOLVED.

Media Contact: 
Corey Eldridge
831-440-2414
corey.eldridge@nadelphelan.com

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/scality-accelerates-with-record-breaking-q4-and-30-yoy-annual-growth-in-2020-301207535.html

SOURCE Scality

8 Rivers Capital and City of Estevan Awarded Federal Grant to Perform A Feasibility Study on a NET Power Plant Deployment in Saskatchewan

ESTEVAN, Saskatchewan, Jan. 13, 2021 /PRNewswire/ — 8 Rivers Capital and the City of Estevan have been awarded a grant to undertake a feasibility study for a commercial-scale NET Power plant deployment. The grant was awarded through Western Economic Diversification Canada and the Coal Community Transition initiative. As a world pioneer in power sector carbon capture and storage, Estevan is an ideal location for one of the initial…

ESTEVAN, Saskatchewan, Jan. 13, 2021 /PRNewswire/ — 8 Rivers Capital and the City of Estevan have been awarded a grant to undertake a feasibility study for a commercial-scale NET Power plant deployment. The grant was awarded through Western Economic Diversification Canada and the Coal Community Transition initiative. As a world pioneer in power sector carbon capture and storage, Estevan is an ideal location for one of the initial Canadian NET Power plant deployments.

NET Power’s Allam-Fetvedt cycle technology combusts natural gas with oxygen, as opposed to air, and uses supercritical carbon dioxide as a working fluid to drive the turbine and produce zero emissions electricity. This cycle can hit the same efficiency of a traditional power plant while capturing all of its CO2 and eliminating all air pollutants. As the inventor of the Allam-Fetvedt cycle, 8 Rivers is ideally situated to partner with Estevan to hit their energy and economic goals.

Bill Brown, CEO at 8 Rivers Capital and NET Power, said: «We look forward to working with Estevan to drive power production where clean is cheaper than dirty.  A November 2020 MIT study characterized the underlying technology as «a real game changer.» 8 Rivers is proud to deploy the NET Power technology in partnership with Estevan.  Working with Estevan and leaders in Ottawa, Regina and other provincial and local governments—as well as with private entities like Canada Clean Energy Corporation—we can create jobs and deploy zero emission NET Power plants in a way that allows the entire country to achieve its net-zero emissions goal at the lowest possible costs.

8 Rivers will lead the Feasibility Study, performing engineering and economic analysis tailored to an Estevan deployment of the NET Power technology, work which will be overseen by the City of Estevan and funded by Western Economic Diversification Canada.

«We have been working hard to identify economic development opportunities like this for our city and we are excited to see more projects and studies moving ahead in Estevan.» Said City Manager Jeff Ward. «Working with 8 Rivers, we hope to be able to develop a strong plan that we can present to the provincial and federal governments during discussions around the future of power generation in Estevan

8 Rivers Capital, LLC is a Durham, NC-based firm leading the innovation of sustainable, infrastructure-scale technologies. As the inventor of the Allam-Fetvedt Cycle, 8 Rivers is also focusing on developing direct air capture, retrofit carbon capture, clean hydrogen well below $1 per kg, and uses for the CO₂ captured by the cycle, including the production of ethylene and other valuable products and the removal of sulfur impurities from gas streams. For more information, please visit: www.8Rivers.com

Cision View original content:http://www.prnewswire.com/news-releases/8-rivers-capital-and-city-of-estevan-awarded-federal-grant-to-perform-a-feasibility-study-on-a-net-power-plant-deployment-in-saskatchewan-301206842.html

SOURCE 8 Rivers Capital, LLC

Collections in Affordable Housing Rebound in December; Occupancy Tightens Across All Asset Classes

SOLON, Ohio, Jan. 13, 2021 /PRNewswire/ — Although uncertainty surrounding a stimulus package characterized most of December, rates of collections in affordable and public housing were surprisingly high for the month, with public housing reaching 97% of 2019 rates and affordable housing reaching 83% — the highest level for the latter class since June.  These are key findings of the latest <a target="_blank"…

SOLON, Ohio, Jan. 13, 2021 /PRNewswire/ — Although uncertainty surrounding a stimulus package characterized most of December, rates of collections in affordable and public housing were surprisingly high for the month, with public housing reaching 97% of 2019 rates and affordable housing reaching 83% — the highest level for the latter class since June.  These are key findings of the latest report from Proptech firm MRI Software («MRI»), which compiles data on one million market-rate units and 1.5 million affordable and public housing units in the U.S.

The December data also showed a continued tightening of occupancy across all asset classes, as move-ins outpaced move-outs for the sixth consecutive month. 

Other highlights of the report, which includes both year-over-year (YOY) and month-over-month comparisons, include: 

  • December lease pricing decreased by 2% YOY in market-rate housing.
  • New applications increased significantly YOY in both public and affordable housing, by 56% and 14% respectively. This represents a major shift in direction since the start of the pandemic, after which new applications trailed the numbers of 2019.
  • Aggregate concession values for market-rate housing increased by over $6 million YOY.

«We anticipated some of these results because of our involvement in the NMHC’s Rent Payment Tracker,» says Brian Zrimsek, Industry Principal, MRI Software.  «The Tracker’s data, which aligns with our own, reveals a slow erosion of collections in market-rate housing over the course of the pandemic.  Financial pressures are a likely cause, and they may be prompting tenants to seek out less costly alternatives in affordable or public housing, thus increasing demand in these asset classes and decreasing demand for market-rate units.  The decreased demand, in turn, has likely led to lower rents and more concessions from landlords.

«But as the December data shows, tenants in affordable and public housing made great efforts to stay current, despite the early-month uncertainties about a stimulus package,» he continues. «More and more people don’t want to risk eventual eviction, a bad credit rating, or a huge payment in deferred rent. Therefore, tenants have actively changed their circumstances with some downsizing, some consolidating households and some looking to ‘downshift’ to affordable or public housing.»

Zrimsek will discuss the December report, along with overall trends for 2020, during a webinar on January 14th at 2 p.m. Eastern. 

About MRI Software

MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses – from property-level management and accounting to investment modelling and analytics for the global commercial and residential markets. A pioneer of the real estate software industry, MRI develops lasting client relationships based on nearly five decades of expertise and insight. Through leading solutions and a rich partner ecosystem, MRI gives organizations the freedom to transform the way communities live, work and play while elevating their business and gaining a competitive edge. For more information, please visit mrisoftware.com.

MEDIA CONTACTS:

(U.S. for MRI)
Rachel Antman (+1 212-362-5837)
rachel@saygency.com

(U.K.) Platform Communications for MRI
Zoe Mumba (+44 7725 832393)
or Hugh Filman (+44 7905 044850)
mri@platformcomms.com

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/collections-in-affordable-housing-rebound-in-december-occupancy-tightens-across-all-asset-classes-301207390.html

SOURCE MRI Software