Southern Company joins other utilities in plans for electric vehicle charging network

ATLANTA, March 2, 2021 /PRNewswire/ — Southern Company joins five other energy companies today in announcing plans to ensure electric vehicle (EV) drivers have access to a seamless network of charging stations connecting major highway systems across significant regions of the country.

<a href="https://mma.prnewswire.com/media/808925/Southern_Company_Logo.html" target="_blank"…

ATLANTA, March 2, 2021 /PRNewswire/ — Southern Company joins five other energy companies today in announcing plans to ensure electric vehicle (EV) drivers have access to a seamless network of charging stations connecting major highway systems across significant regions of the country.

The Electric Highway Coalition – made up of Southern Company, American Electric Power, Dominion Energy, Duke Energy, Entergy Corporation and the Tennessee Valley Authority – wants to collaborate on a network of DC fast chargers from the Atlantic Coast through the Midwest and South and into the Gulf and Central Plains regions.

Southern Company and the other companies are each taking steps to provide EV charging solutions within their systems’ service territory. Today’s announcement represents an unprecedented combined effort to offer EV drivers convenient charging across different utility footprints and allow travel without interruption.

The Edison Electric Institute estimates 18 million EVs will be on U.S. roads by 2030. While many drivers recognize the many benefits of driving an EV, such as the ease of low-cost home charging, some have expressed concern with the availability of charging stations during long road trips. With collaborative efforts like the Electric Highway Coalition, energy companies demonstrate to customers that EVs are a smart choice regardless of distance.

The coalition will provide drivers with effective, efficient and convenient charging options to enable long-distance electric travel. Sites along major highways with easy access and amenities for travelers are being considered as coalition members work to determine final charging station locations. DC fast chargers can get drivers back on the road in approximately 20-30 minutes.

«At Southern Company, we are committed to being a leader in building a clean and sustainable energy future for our customers and that includes continuing to increase the reach of electric transportation for more and more drivers,» said Chris Cummiskey, executive vice president, chief commercial officer and customer solutions officer at Southern Company. «By increasing the number of EV fast charging stations across our footprint, we are providing drivers with additional transportation options that are reliable, efficient and more convenient while helping reduce carbon emissions for the benefit of our communities we serve.»

Being a founding member of the Electric Highway Coalition is another part of Southern Company’s larger focus on electrification of the transportation industry and commitment to sustainability and clean energy. Along with  the system-wide goal of net zero greenhouse gas emissions by 2050, last year Southern Company announced an internal fleet electrification goal where the company plans to convert 50 percent of  its electric companies’ fleet vehicles in the auto/SUV/minivan, forklift and ATV/cart/miscellaneous equipment segments to electric by 2030.

The Electric Highway Coalition welcomes interested utilities to join as it seeks to extend the reach of network. Additionally, it supports and looks forward to working with other regional utility transportation corridor electrification initiatives. 

About Southern Company
Southern Company (NYSE: SO) is a leading energy company serving 9 million customers through its subsidiaries. The company provides clean, safe, reliable and affordable energy through electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company serving wholesale customers across America, a leading distributed energy infrastructure company, a fiber optics network and telecommunications services. Southern Company brands are known for excellent customer service, high reliability and affordable prices below the national average. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Through an industry-leading commitment to innovation and a low-carbon future, Southern Company and its subsidiaries develop the customized energy solutions our customers and communities require to drive growth and prosperity. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and govern our business to the benefit of our world. Our corporate culture and hiring practices have been recognized nationally by the U.S. Department of Defense, G.I. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women’s Choice Award. To learn more, visit www.southerncompany.com.

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 emissions reduction goals and fleet electrification goals. Southern Company 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 Southern Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Southern Company’s Annual Report on Form 10-K for the year ended December 31, 2020 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, as well as changes in application of existing laws and regulations; available sources and costs of natural gas and other fuels; the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of facilities or other projects; the ability to construct facilities in accordance with the requirements of permits and licenses, 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; advances in technology, including the pace and extent of development of low- to no-carbon energy technologies and negative carbon concepts; performance of counterparties under ongoing renewable energy partnerships and development agreements; state and federal rate regulations and the impact of pending and future rate cases and negotiations; and the ability to successfully operate the electric utilities’ generating, transmission, and distribution facilities and Southern Company Gas’ natural gas distribution and storage facilities and the successful performance of necessary corporate functions. Southern Company expressly disclaims any obligation to update any forward–looking information.

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SOURCE Southern Company

L’Oréal Paris Women Of Worth Launches Call For Everyday Heroes

NEW YORK, March 2, 2021 /PRNewswire/ — L’Oréal Paris, the #1 global beauty brand, is seeking the everyday heroes among us by announcing the call for its 2021 Women of Worth nominations. Now through April 30, consumers are invited to nominate a woman at <a target="_blank"…

NEW YORK, March 2, 2021 /PRNewswire/ — L’Oréal Paris, the #1 global beauty brand, is seeking the everyday heroes among us by announcing the call for its 2021 Women of Worth nominations. Now through April 30, consumers are invited to nominate a woman at LOrealParis.com who is selflessly giving back to their community through non-profit leadership for a chance to be named one of ten Honorees, receiving up to $45,000 for their cause.

L’Oréal Paris Women of Worth premiered its new campaign this past Sunday, February 28 during the height of Awards Season, calling on Americans across the nation to place their nominations for this year’s Honorees. Featuring the voice of Viola Davis, as well as images of last year’s National Honoree, Noelle Lambert and other alumnae, the new advertisement put the spotlight on incredible moments throughout the last 16 years of Women of Worth.

In 2021, the philanthropic program continues to bring to life the brand’s iconic tagline, «Because You’re Worth It,» championing women whose unwavering resilience, bravery and courage show the power of owning one’s worth. This year’s Honorees will join the multifaceted program’s alumnae network of 150 individuals, who champion a diverse range of causes that exemplify embracing their own worth and instilling worth within others.

«As we celebrate 50 years of our iconic ‘Because You’re Worth It’ tagline in 2021, we welcome stories that reflect not only the power of the Women of Worth who came before them, but individuals who demonstrate the intrinsic value and worth of women everywhere,» said Ali Goldstein, L’Oréal Paris USA President. «In this landmark year, we are proud to elevate the next 10 extraordinary women who find beauty in giving back, and we can’t wait to meet them.»

L’Oréal Paris will once more join forces with Points of Light, the world’s largest organization dedicated to volunteer service, to find it’s ten Honorees. In addition to receiving financial support for their organization, Women of Worth provides each Honoree with a national platform to tell their stories, and the opportunity to build a network that amplifies their cause to make an even greater impact in the lives of others. 

«It is a privilege to help L’Oréal Paris recognize this year’s Women of Worth Honorees and highlight those who seek to ignite change in their communities and make the world a better place,» said Natalye Paquin, President and CEO of Points of Light. «The 2021 Women of Worth have touched countless lives through their important philanthropic work, and we believe they represent the best of humanity.»

Last year, Women of Worth launched its first-ever national television special, bringing together L’Oréal Paris’ notable roster of spokeswomen to highlight each Honoree’s unique mission.

In 2021, L’Oréal Paris will double its individual grants to $20,000 to create an even greater impact. One National Honoree, chosen by popular vote, will receive an additional $25,000 for her charitable work. Each of the 2021 Women of Worth will be recognized as a shining example of how giving back can truly change the world.

For more information about Women of Worth, to nominate a fearless woman making a difference in the world or to learn more about past Honorees, visit LOrealParis.com.

For more information on Points of Light’s innovative programs, campaigns and events, visit www.pointsoflight.org.

About L’Oréal Paris 
The L’Oréal Paris division of L’Oréal USA, Inc. is a total beauty care brand dedicated to empowering women by offering luxurious and innovative products and services available in the mass market.  The brand’s signature tagline, «Because I’m Worth It,» was born in the United States in 1973 to celebrate the beauty and intrinsic self-worth of women, and for more than 100 years, L’Oréal Paris has been providing women around the world with products in four major beauty categories: hair color, haircare, skincare and cosmetics. With L’Oréal’s invention of hair color in 1909, the brand continues to serve as a leading innovator of hair products across color, care, and styling with brands such as Superior Preference, Féria, Colorista, Elvive, the Ever Collection, and Elnett Satin Hairspray. L’Oréal Paris provides scientifically-advanced skincare products that are tested to address individual skin concerns through its renowned brands Revitalift, Pure-Sugar, Pure-Clay, Age Perfect, and Sublime Bronze. L’Oréal Paris’ iconic cosmetics include best-seller Voluminous Lash Paradise, as well as the Infallible, True Match, Colour Riche, Voluminous, and Visible Lift collections. For more information about L’Oréal Paris and to receive personalized advice, expert tips, and exclusive content, please visit www.lorealparisusa.com or follow on Instagram (@LOrealParis), Twitter (@LOrealParisUSA), Facebook (@LOrealParisUSA), and Pinterest (@LOrealParisUSA).

About Points of Light
Points of Light is a global nonprofit organization that inspires, equips and mobilizes millions of people to take action that changes the world. We envision a world in which every individual discovers the power to make a difference, creating healthy communities in vibrant, participatory societies. Through affiliates in 200 cities across 37 countries, and in partnership with thousands of nonprofits and corporations, Points of Light engages 5 million volunteers in 14 million hours of service each year. We bring the power of people to bear where it’s needed most. For more information, go to www.pointsoflight.org.

Press Contact
Golin
Salina Benitez
sbenitez@golin.com

 

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SOURCE L’Oréal Paris

AEP, Dominion Energy, Duke Energy, Entergy Corp., Southern Co. and Tennessee Valley Authority Plan to Add Electric Vehicle Fast Chargers to Connect Atlantic Coast, Midwest, Gulf Coast and Central Plains Destinations

COLUMBUS, Ohio, March 2, 2021 /PRNewswire/ — Six major utilities today announced a plan to ensure that electric vehicle (EV) drivers have access to a seamless network of charging stations connecting major highway systems from the Atlantic Coast, through the Midwest and South, and into the Gulf and Central Plains regions.

The Electric Highway Coalition – made up of American Electric Power, Dominion Energy, Duke Energy, Entergy Corporation, Southern Co., and the Tennessee Valley Authority…

COLUMBUS, Ohio, March 2, 2021 /PRNewswire/ — Six major utilities today announced a plan to ensure that electric vehicle (EV) drivers have access to a seamless network of charging stations connecting major highway systems from the Atlantic Coast, through the Midwest and South, and into the Gulf and Central Plains regions.

The Electric Highway Coalition – made up of American Electric Power, Dominion Energy, Duke Energy, Entergy Corporation, Southern Co., and the Tennessee Valley Authority – announced a plan to enable EV drivers seamless travel across major regions of the country through a network of DC fast chargers for EVs. The companies are each taking steps to provide EV charging solutions within their service territories. This represents an unprecedented effort to offer convenient EV charging options across different company territories and allow EV travel without interruption.

The Edison Electric Institute estimates 18 million EVs will be on U.S. roads by 2030. While many drivers recognize the benefits of driving an EV, such as the ease of low-cost home charging, some are concerned with the availability of charging stations during long road trips. With efforts like the Electric Highway Coalition, electric companies are demonstrating to customers that EVs are a smart choice for driving around town, as well as traveling long distances.

This effort will provide drivers with effective, efficient, and convenient charging options that enable long-distance EV travel. Sites along major highway routes with easy highway access and amenities for travelers are being considered as coalition members work to determine final charging station locations. Charging stations will provide DC fast chargers that are capable of getting drivers back on the road in approximately 20-30 minutes.

«Throughout the ages, travelers have had to figure out how to get from point A to B. From feeding and watering horses, to filling gas tanks, and now recharging batteries, ensuring that there are convenient places to accomplish these tasks is critical,» said Nicholas K. Akins, AEP’s chairman, president and chief executive officer. «With this effort, we are working to help drivers see that EVs fit their lifestyle and their travel plans, wherever the road might take them.»

AEP has committed to replacing its 2,300 cars and light-duty trucks with EV models by 2030. Additional medium- and heavy-duty vehicles will transition to hybrid or electric alternatives as models become available. The charging network announced today also will enable AEP employees to use EVs to travel throughout the company’s 11-state service territory. AEP also is working with select customers across its service territory to help them understand the benefits of electrifying their own vehicle fleets or business processes.

Across its service territory, AEP is working with regulators to create programs that benefit all customers and support EV adoption, such as off-peak charging programs, incentives for charging station installations, energy efficiency rebates, and consultative services to encourage electrification.

In 2018, AEP Ohio launched a $10 million program to deploy 375 charging stations in partnership with local governments, workplaces and multi-family dwellings to increase publicly available charging sites and demonstrate the benefit of public-private partnerships as part of the Smart Columbus initiative. The program included a requirement to locate 10% of the charging stations in low-income areas, a benchmark that was exceeded.

In 2020, Indiana Michigan Power began offering its IM Plugged In program to address residential, multi-family dwelling, fleet and workplace charging, as well as corridor fast charging. The program offers customers rebate programs that reduce EV charging infrastructure costs and EV-specific off-peak rates.

Appalachian Power offers a residential off-peak charging program for Virginia customers. Customers also receive credits for EV charging that takes place during off-peak periods, such as overnight.

Additionally, residential customers of Public Service Company of Oklahoma and Southwestern Electric Power Company in Louisiana and Texas are eligible for energy efficiency rebates on qualified EV chargers.

The Electric Highway Coalition welcomes interested utilities to join as it seeks to extend the reach of network. Additionally, it supports, and looks forward to working with, other regional utility transportation corridor electrification initiatives. 

American Electric Power, based in Columbus, Ohio, is focused on building a smarter energy infrastructure and delivering new technologies and custom energy solutions to our customers. AEP’s approximately 16,800 employees operate and maintain the nation’s largest electricity transmission system and more than 223,000 miles of distribution lines to efficiently deliver safe, reliable power to nearly 5.5 million regulated customers in 11 states. AEP also is one of the nation’s largest electricity producers with approximately 30,000 megawatts of diverse generating capacity, including more than 5,300 megawatts of renewable energy. AEP’s family of companies includes utilities AEP Ohio, AEP Texas, Appalachian Power (in Virginia and West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana, east Texas and the Texas Panhandle). AEP also owns AEP Energy, AEP Energy Partners, AEP OnSite Partners, and AEP Renewables, which provide innovative competitive energy solutions nationwide. For more information, visit aep.com.

(PRNewsfoto/American Electric Power)

 

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SOURCE American Electric Power

Duke Energy partners with five other utilities to push for more electric vehicle charging for customers

CHARLOTTE, N.C., March 2, 2021 /PRNewswire/ — Six major utilities today announced a plan to ensure electric vehicle (EV) drivers have access to a seamless network of charging stations connecting major highways in the South, Midwest, Gulf and Central Plains regions.

CHARLOTTE, N.C., March 2, 2021 /PRNewswire/ — Six major utilities today announced a plan to ensure electric vehicle (EV) drivers have access to a seamless network of charging stations connecting major highways in the South, Midwest, Gulf and Central Plains regions.

The Electric Highway Coalition – made up of Duke Energy, American Electric Power, Dominion Energy, Entergy Corporation, Southern Co., and the Tennessee Valley Authority – will enable EV drivers seamless travel across a broad portion of the country through a network of DC fast chargers.

«The path to cleaner transportation is a robust charging infrastructure along the nation’s major highways,» said Lang Reynolds, director of Electrification Strategy for Duke Energy. «Range anxiety is a barrier to more EV adoption. This coalition can erase those obstacles and help deliver the benefits of EV ownership to consumers.»

The companies are each taking steps to provide EV fast charging options within their service territories to facilitate interstate travel. This partnership represents an unprecedented effort to offer EV drivers convenient charging across different company boundaries and allow travel without interruptions.

The Edison Electric Institute estimates 18 million EVs will be on U.S. roads by 2030.  While many drivers recognize the benefits of driving an EV, such as the ease of low-cost home charging, some are concerned with the availability of charging stations during long road trips. Coordinated efforts like this are demonstrating that EVs are a smart choice for driving around town as well as traveling long distances.

For Duke Energy, specific fast charging station locations will be determined through the course of existing and planned fast charging program deployments. This effort will provide drivers with effective, efficient, and convenient charging options that enable long-distance electric travel. Sites along major highway routes, with easy highway access and amenities for travelers are being considered first.

Charging stations will provide a high-powered fast charging experience as new EV models released on the market are capable of charging at faster and faster speeds.

Supporting the transition to EVs

The collaboration is good timing for Duke Energy, which has already launched ambitious programs to expand EV charging both internally at Duke Energy locations and externally through several utility pilot programs. An internal «Electrify By Example» initiative is starting with an effort to install workplace chargers at all work locations to enable employees to drive electric.

In Florida, the company’s Park and Plug pilot has installed more than 570 EV public charging stations throughout the state. Fifty of the 570 are fast charging stations connecting areas of Florida previously underserved by EV fast charging infrastructure. To date, drivers have used the Park and Plug network for over 60,000 charging sessions, displacing more than 90,000 gallons of gasoline.

Regulatory action in 2020 led to pilot programs being approved in both North Carolina and South Carolina. The pilots will lead to full fast charging for all types of EVs in about 20-30 minutes.

In North Carolina, a $25 million pilot program will lead to the installation of 200 public Level 2 and fast charging stations, additional stations at multifamily buildings and a school bus electrification pilot that will allow school districts to change out diesel buses with electric ones.

In South Carolina, the company will provide up to a total of $1,000 for 400 residential Duke Energy Carolinas customers who install a Level 2 charging station, provide access to their charging data, and manage EV charging load to occur during off-peak periods. The company will also deploy 60 fast chargers there to expand access to fast charging infrastructure in the state.

About Duke Energy

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of the largest energy holding companies in the U.S. It employs 30,000 people and has an electric generating capacity of 51,000 megawatts through its regulated utilities, and 3,000 megawatts through its nonregulated Duke Energy Renewables unit.

Duke Energy is transforming its customers’ experience, modernizing the energy grid, generating cleaner energy and expanding natural gas infrastructure to create a smarter energy future for the people and communities it serves. The Electric Utilities and Infrastructure unit’s regulated utilities serve approximately 7.7 million retail electric customers in six states – North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. The Gas Utilities and Infrastructure unit distributes natural gas to more than 1.6 million customers in five states – North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The Duke Energy Renewables unit operates wind and solar generation facilities across the U.S., as well as energy storage and microgrid projects.

Duke Energy was named to Fortune’s 2020 «World’s Most Admired Companies» list, and Forbes’ 2019 «America’s Best Employers» list. More information about the company is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos, videos and other materials. Duke Energy’s illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.

Cautionary Language Concerning Forward-Looking Statements.

This document includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are based on management’s beliefs and assumptions. These forward-looking statements are identified by terms and phrases such as «anticipate,» «believe,» «intend,» «estimate,» «expect,» «continue,» «should,» «could,» «may,» «plan,» «project,» «predict,» «will,» «potential,» «forecast,» «target,» «outlook,» «guidance,» and similar expressions. Various factors may cause actual results to be materially different than the suggested outcomes within forward-looking statements; accordingly, there is no assurance that such results will be realized. These risks and uncertainties are identified and discussed in Duke Energy’s most recent Annual Report on Form 10-K and subsequent quarterly reports on Form 10-Q filed with the Securities and Exchange Commission («SEC») and available at the SEC’s website at www.sec.gov. In light of these risks, uncertainties and assumptions, the events described in the forward-looking statements might not occur or might occur to a different extent or at a different time than Duke Energy has described. Duke Energy expressly disclaims an obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact: Randy Wheeless 
24-Hour: 800.559.3853
Twitter: @DE_RandyW

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SOURCE Duke Energy

HyPoint Unveils Breakthrough Hydrogen Fuel Cell Prototype for Aviation and Urban Air Mobility

  

MENLO PARK, Calif., March 2, 2021 /PRNewswire/ —



HyPoint

, the company developing zero-carbon emission hydrogen fuel cell systems for aviation and urban air mobility, today unveiled the first operable prototype of its breakthrough turbo air-cooled…

  

MENLO PARK, Calif., March 2, 2021 /PRNewswire/ —



HyPoint

, the company developing zero-carbon emission hydrogen fuel cell systems for aviation and urban air mobility, today unveiled the first operable prototype of its breakthrough turbo air-cooled hydrogen fuel cell system. The

NASA award-winning

fuel cell technology, developed by an international team of engineers, delivers an unprecedented combination of specific power and energy density and has passed key validation testing to prove its technical viability. Full-scale versions, which are expected to begin shipping in 2022, will drive the commercial development of zero-emission e-aircraft, eVTOL, and urban air mobility vehicles, and serve an important role in the global effort to curb carbon emissions.

The arrival of zero-emission aviation has been hindered by the energy density limitations of lithium-ion batteries and the specific power limitations of hydrogen fuel cells. Testing has shown that HyPoint’s turbo air-cooled hydrogen fuel cell system will be able to achieve up to 2,000 watts per kilogram of specific power, which is more than triple the power-to-weight ratio of traditional hydrogen fuel cells systems. It will also boast up to 1,500 watt-hours per kilogram of energy density, enabling longer-distance journeys. By addressing these core technological barriers, HyPoint will cut years off commercial delivery timelines for hydrogen aircraft and unlock the emerging hydrogen aviation market, which is expected to be valued at more than $27 billion in 2030 and at least $174 billion by 2040, according to Allied Market Research.

HyPoint’s revolutionary approach utilizes compressed air for both cooling and oxygen supply to deliver a high-temperature (HTPEM) fuel cell system that is three times lighter than comparable liquid-cooled low-temperature (LTPEM) fuel cell systems. It also leverages a number of technical innovations including lightweight bipolar plates and a highly conductive, corrosion-resistant coating in order to radically outperform existing systems. As a result, HyPoint can deliver up to a 50% reduction in total cost of ownership for aircraft makers and empower them to create practical, cost-effective zero-emission vehicles. HyPoint’s approach is detailed in a newly-released white paper, which can be found at bit.ly/HyPoint2021.

«Last year we proved that hydrogen-electric aircraft are not only possible but inevitable — and now we are working hard to get a 100-seat zero-emission aircraft in the skies before 2030,» said Val Miftakhov, founder and CEO of ZeroAvia. In September, ZeroAvia became the first company to successfully complete a hydrogen-electric passenger aircraft flight. It went on to raise $21.4 million from Amazon, Shell, and a Bill Gates-backed fund. «The reality is that hydrogen fuel cells are the technological driver behind e-aircraft, and we are working closely with the team at HyPoint to test their systems for potential integration into future ZeroAvia aircraft.»

HyPoint also announced that it will begin work with the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) to further test and validate its hydrogen fuel cell technology. NREL’s hydrogen and fuel cell research and development focuses on developing, integrating, and demonstrating hydrogen production and delivery, hydrogen storage, and fuel cell technologies for transportation, stationary, and portable applications. Projects range from fundamental research to overcome technical barriers, manufacturing process improvement to enable high-volume fuel cell production, systems analysis to identify the most promising commercialization pathways, and market transformation to support early market deployments.

«This functional prototype brings us one step closer to our vision of delivering efficient and cost-effective zero-carbon emission fuel cell technology to the aviation industry, which is expected to contribute up to a quarter of the world’s greenhouse gas emissions by 2050 if left unchecked,» said Dr. Alex Ivanenko, founder and CEO of HyPoint. «The prototype has passed a number of subsystem tests that strongly suggest that our patented technology and unique approach works — and we’re excited to use NREL’s state-of-the-art testing facilities to further validate our system. Moreover, we’re thrilled to be a part of the emerging hydrogen economy, which seeks to replace harmful fossil fuels with hydrogen, the universe’s most abundant energy source.» 

In December 2020, HyPoint was named a winner of NASA’s iTech Initiative, in which inventive technologies were ranked based on criteria that included technical viability, likely impact on future space exploration, benefits to humanity, and commercialization potential. HyPoint’s aeronautic applications — including eVTOLs, UAVs, PAVs, and electric aircraft — were considered to be especially innovative. 

«Over the past several months, interest in hydrogen companies has reached a fevered pitch, in part because the world is waking up to hydrogen as a clean, reliable, and abundant fuel source. The hydrogen economy is here,» said Jordan Levy, managing partner at SoftBank Capital NY and founding partner of Seed Capital Partners, an early-stage venture capital fund. «The team at HyPoint is among the world’s most experienced in the field of hydrogen fuel cell technology and, as an investor, we’re thrilled to be a part of HyPoint’s early success. We look forward to following their continued momentum.»

About HyPoint 

HyPoint is pioneering next-generation hydrogen fuel cell systems for aviation, aeronautics, and urban air mobility. The company’s flagship turbo air-cooled hydrogen HTPEM fuel cell system offers zero carbon emissions and game-changing energy performance as a result of patented innovations including lightweight bipolar plates, a highly-conductive corrosion-resistant coating, and an industry-first air cooling and oxygen supply system. Together these technologies enable a lightweight, climate-independent, extended-lifespan fuel system and dramatically increase operational time and utilization rate while decreasing total cost of ownership by as much as 50%. The company was founded in Silicon Valley in 2019 and is backed by leading venture capital firms and individual investors. To learn more, please visit hypoint.com.

Press contact:

Aaron Endré

Endré Communications

aaron@aaronendre.com

Related Images

hypoint-htpem-fuel-cells.jpg
HyPoint HTPEM fuel cells
Proprietary high-temperature proton-exchange membrane (HTPEM) fuel cells for use in HyPoint’s Turbo Air-Cooled Hydrogen Fuel Cell System.

hypoint-turbo-air-cooled-fuel-cell.jpg
HyPoint Turbo Air-Cooled Fuel Cell System
Rendering of a full-scale HyPoint Turbo Air-Cooled Hydrogen Fuel Cell System within a turboprop engine.

hypoint-hydrogen-fuel-cell.jpg
HyPoint Hydrogen Fuel Cell Prototype
HyPoint Turbo Air-Cooled Hydrogen Fuel Cell System Prototype within its testing apparatus.

Related Links

HyPoint White Paper

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SOURCE HyPoint, Inc.

Mazda Reports February Sales Results

IRVINE, Calif., March 2, 2021 /PRNewswire-HISPANIC PR WIRE/ — Mazda North American Operations (MNAO) today reported total February sales of 26,008 vehicles, a decrease of 8.4 percent compared to February 2020. Year-to-date sales totaled 51,267 vehicles, a decrease of 1.4 percent….

IRVINE, Calif., March 2, 2021 /PRNewswire-HISPANIC PR WIRE/ — Mazda North American Operations (MNAO) today reported total February sales of 26,008 vehicles, a decrease of 8.4 percent compared to February 2020. Year-to-date sales totaled 51,267 vehicles, a decrease of 1.4 percent. With 24 selling days in February, compared to 26 the year prior, the company posted an increase of 0.7 percent on a Daily Selling Rate (DSR) basis.

Mazda North American Operations is headquartered in Irvine, Calif., and oversees the sales, marketing, parts and customer service support of Mazda vehicles in the United States and Mexico through nearly 700 dealers. Operations in Mexico are managed by Mazda Motor de Mexico in Mexico City. For more information on Mazda vehicles, including photography and B-roll, please visit the online Mazda media center at www.mazdausamedia.com.

Sales Highlights

  • Sales of the CX-30 totaled 5,005 in February, an increase of 33.3 percent compared to February 2020.
  • Sales of the CX-9 totaled 3,151 in February, an increase of 7.7 percent compared to February 2020.
  • Sales of the MX-5 Miata totaled 836 vehicles, an increase of 3.6 percent compared to February 2020.

Mazda Motor de Mexico (MMdM) reported February sales of 4,240 vehicles, a decrease of 9.9 percent compared to February 2020.

Mazda North American Operations is headquartered in Irvine, California, and oversees the sales, marketing, parts and customer service support of Mazda vehicles in the United States and Mexico through approximately 620 dealers. Operations in Mexico are managed by Mazda Motor de Mexico in Mexico City. For more information on Mazda vehicles, including photography and B-roll, please visit the online Mazda media center at InsideMazda.MazdaUSA.com/Newsroom.

Follow MNAO’s social media channels through Twitter and Instagram at @MazdaUSA and Facebook at Facebook.com/MazdaUSA.

Month-To-Date

Year-To-Date

February

February

YOY %

% MTD

February

February

YOY %

% MTD

2021

2020

Change

DSR

2021

2020

Change

DSR

Mazda3

3,083

3,759

(18.0)%

(11.1)%

6,129

6,255

(2.0)%

4.1%

Mazda6

1,327

1,730

(23.3)%

(16.9)%

2,725

3,485

(21.8)%

(16.9)%

MX-5 Miata

836

807

3.6%

12.2%

1,372

1,203

14.0%

21.2%

CX-3

519

947

(45.2)%

(40.6)%

893

2,093

(57.3)%

(54.7)%

CX-30

5,005

3,754

33.3%

44.4%

8,629

6,122

41.0%

49.8%

CX-5

12,087

14,462

(16.4)%

(9.5)%

25,670

27,370

(6.2)%

(0.3)%

CX-9

3,151

2,926

7.7%

16.7%

5,849

5,478

6.8%

13.4%

CARS

5,246

6,296

(16.7)%

(9.7)%

10,226

10,943

(6.6)%

(0.7)%

TRUCKS

20,762

22,089

(6.0)%

1.8%

41,041

41,063

(0.1)%

6.2%

TOTAL

26,008

28,385

(8.4)%

(0.7)%

51,267

52,006

(1.4)%

4.7%

*Selling Days

24

26

48

51

 

Photo – https://mma.prnewswire.com/media/648475/Mazda_North_American_Operations_Logo.jpg

SOURCE Mazda North American Operations

Volvo Cars launches new, pure electric Volvo C40 Recharge

GOTHENBURG, Sweden, March 2, 2021 /PRNewswire/ — The future of Volvo Cars is electric and the new Volvo C40 Recharge is the latest manifestation of its commitment to a zero emission future.

<img id="prnejpgd763left" title="Volvo Cars launches new, pure electric Volvo C40 Recharge " border="0" alt="Volvo Cars launches new, pure electric Volvo C40 Recharge " align="middle" imagelabel="General"…

GOTHENBURG, Sweden, March 2, 2021 /PRNewswire/ — The future of Volvo Cars is electric and the new Volvo C40 Recharge is the latest manifestation of its commitment to a zero emission future.

Volvo Cars launches new, pure electric Volvo C40 Recharge

The C40 Recharge has all the benefits of an SUV but with a lower and sleeker design. It is based on the CMA vehicle platform and the first Volvo model in history designed as pure electric only.

Following the introduction of the XC40 Recharge and now the C40 Recharge, Volvo Cars will roll out several additional electric models in coming years.

Already by 2025, it aims for 50 per cent of its global sales volume to consist of fully electric cars, with the rest hybrids. By 2030, it plans for every car it sells to be pure electric.

«The C40 Recharge represents the future of Volvo and shows where we are going,» said Henrik Green, chief technology officer. «It is fully electric, offered online only with a convenient care package and will be available for quick delivery. Getting a new Volvo was never this attractive.»

The rear of the C40 Recharge features a striking rear-end design to go with the lower roof line, while the new front design introduces a new face for electric Volvos and includes head lights with state-of-the-art pixel-technology.

Inside, the C40 Recharge provides customers with the high seating position that most Volvo drivers prefer, while it is available with a range of colour and deco options unique to the model. It is also the first Volvo model to be completely leather-free.

Like the XC40 Recharge, the C40 Recharge comes with one of the best infotainment systems on the market, jointly developed with Google and based on the Android operating system. It provides consumers with Google apps and services built-in, such as Google Maps, Google Assistant and the Google Play Store*.

Unlimited data enables superior connectivity and the C40 Recharge will receive software updates over the air. That means it will continue to improve over time after it has left the factory.

The propulsion consists of twin electric motors, one on the front and one on the rear axle, powered by a 78kWh battery that can be fast-charged to 80 per cent in about 40 minutes*. It offers an anticipated range of around 420 km*, which is expected to improve over time via over-the-air software updates.

As announced earlier today, the fully electric C40 Recharge will be available online only. In line with its ambition of reducing complexity in its model offering and focus on attractive pre-selected variants, Volvo Cars has drastically simplified the consumer offering of the C40 Recharge.

When customers get a new C40 Recharge, it will come with a convenient care package that includes items such as service, warranty, roadside assistance, as well as insurance and home charging options*.

The C40 Recharge will go in production this fall and will be built alongside the XC40 Recharge at the Volvo Cars manufacturing plant in Ghent, Belgium.

Notes to editors

  • Described features might be optional. Vehicle specifications and the exact customer offer may vary from one country to another, or not (yet) be available in all markets.
  • Charging times are dependent on factors such as outdoor temperature, current battery temperature, charging equipment, battery condition and car condition.
  • Range according to the realistic WLTP driving cycle under controlled conditions for a new car. Real-world range may vary. Figures are based on preliminary target. Final vehicle certification pending.
  • Consumer information available at https://www.volvocars.com/intl/v/cars/c40-electric

Volvo Car Group in 2020
For the 2020 financial year, Volvo Car Group recorded an operating profit of 8.5 BSEK (14.3 BSEK in 2019). Revenue over the period amounted to 262.8 BSEK (274.1 BSEK). For the full year of 2020, global sales reached 661,713 cars (705,452), a decline of 6.2 per cent compared to 2019.

About Volvo Car Group 
Volvo Cars was founded in 1927. Today, it is one of the most well-known and respected car brands in the world with sales of 661,713 cars in 2020 in about 100 countries. Volvo Cars has been under the ownership of the Zhejiang Geely Holding since 2010.

As of December 2020, Volvo Cars employed approximately 40,000 (41,500) full-time employees. Volvo Cars head office, product development, marketing and administration functions are mainly located in Gothenburg, Sweden. Volvo Cars head office for APAC is located in Shanghai. The company’s main car production plants are located in Gothenburg (Sweden), Ghent (Belgium), South Carolina (US), Chengdu and Daqing (China), while engines are manufactured in Skövde (Sweden) and Zhangjiakou (China) and body components in Olofström (Sweden).

Under its new company purpose, Volvo Cars aims to provide customers with the Freedom to Move in a personal, sustainable and safe way. This purpose is reflected into a number of business ambitions: for example, by the middle of this decade it aims for half of its global sales to be fully electric cars and to establish five million direct consumer relationships. Volvo Cars is also committed to an ongoing reduction of its carbon footprint, with the ambition to be a climate-neutral company by 2040.

For more info, please contact:
Volvo Cars Media Relations 
Phone: +46 31-596525 
media@volvocars.com

Volvo Cars launches new, pure electric Volvo C40 Recharge

 

 

Volvo Cars launches new, pure electric Volvo C40 Recharge

 

 

Volvo Cars launches new, pure electric Volvo C40 Recharge

 

Volvo Cars launches new, pure electric Volvo C40 Recharge

 

 

Volvo Logo

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SOURCE Volvo Cars

Mazda Reports February Sales Results

IRVINE, Calif., March 2, 2021 /PRNewswire/ — Mazda North American Operations (MNAO) today reported total February sales of 26,008 vehicles, a decrease of 8.4 percent compared to February 2020. Year-to-date sales totaled 51,267 vehicles, a decrease of 1.4 percent. With 24 selling…

IRVINE, Calif., March 2, 2021 /PRNewswire/ — Mazda North American Operations (MNAO) today reported total February sales of 26,008 vehicles, a decrease of 8.4 percent compared to February 2020. Year-to-date sales totaled 51,267 vehicles, a decrease of 1.4 percent. With 24 selling days in February, compared to 26 the year prior, the company posted an increase of 0.7 percent on a Daily Selling Rate (DSR) basis.

Mazda_North_American_Operations_Logo

Sales Highlights

  • Sales of the CX-30 totaled 5,005 in February, an increase of 33.3 percent compared to February 2020.
  • Sales of the CX-9 totaled 3,151 in February, an increase of 7.7 percent compared to February 2020.
  • Sales of the MX-5 Miata totaled 836 vehicles, an increase of 3.6 percent compared to February 2020.

Mazda Motor de Mexico (MMdM) reported February sales of 4,240 vehicles, a decrease of 9.9 percent compared to February 2020.

Mazda North American Operations is headquartered in Irvine, California, and oversees the sales, marketing, parts and customer service support of Mazda vehicles in the United States and Mexico through approximately 620 dealers. Operations in Mexico are managed by Mazda Motor de Mexico in Mexico City. For more information on Mazda vehicles, including photography and B-roll, please visit the online Mazda media center at InsideMazda.MazdaUSA.com/Newsroom.

Follow MNAO’s social media channels through Twitter and Instagram at @MazdaUSA and Facebook at Facebook.com/MazdaUSA.

Month-To-Date

Year-To-Date

February

February

YOY %

% MTD

February

February

YOY %

% MTD

2021

2020

Change

DSR

2021

2020

Change

DSR

Mazda3

3,083

3,759

(18.0)%

(11.1)%

6,129

6,255

(2.0)%

4.1%

Mazda6

1,327

1,730

(23.3)%

(16.9)%

2,725

3,485

(21.8)%

(16.9)%

MX-5 Miata

836

807

3.6%

12.2%

1,372

1,203

14.0%

21.2%

CX-3

519

947

(45.2)%

(40.6)%

893

2,093

(57.3)%

(54.7)%

CX-30

5,005

3,754

33.3%

44.4%

8,629

6,122

41.0%

49.8%

CX-5

12,087

14,462

(16.4)%

(9.5)%

25,670

27,370

(6.2)%

(0.3)%

CX-9

3,151

2,926

7.7%

16.7%

5,849

5,478

6.8%

13.4%

CARS

5,246

6,296

(16.7)%

(9.7)%

10,226

10,943

(6.6)%

(0.7)%

TRUCKS

20,762

22,089

(6.0)%

1.8%

41,041

41,063

(0.1)%

6.2%

TOTAL

26,008

28,385

(8.4)%

(0.7)%

51,267

52,006

(1.4)%

4.7%

*Selling Days

24

26

48

51

 

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SOURCE Mazda North American Operations

February 2021 ISM-New York Report on Business: Another Down Month

NEW YORK, March 2, 2021 /PRNewswire/ — In February, New York City purchasing managers reported significant drops in Current Business Conditions and Employment, according to the survey taken by the Institute for Supply Management-New York.  

<a href="https://mma.prnewswire.com/media/1175511/Buyers_Meeting_Point_Logo.html" target="_blank"…

NEW YORK, March 2, 2021 /PRNewswire/ — In February, New York City purchasing managers reported significant drops in Current Business Conditions and Employment, according to the survey taken by the Institute for Supply Management-New York.  

«Wild month over month fluctuations have been replaced with lower business conditions and outlook,» said Kelly Barner, ISM-New York’s Business Survey Chair and Owner of Buyers Meeting Point. «For the last two months, the only increases have been in prices.»

New York Metro
Current Business Conditions decreased by 15.7 points to a 9-month low of 35.5 in February (referencing the 19.5 reported in May of 2020). This finding is down from 51.2 in January, a level that represented a loss of 10.1 points.

The Six-Month Outlook fell for the second month in a row, officially ending the pattern of 20-point swings up and down. In February, the outlook fell 1.8 points to 51.5, a 3-month low that just managed to stay above the breakeven point. The six-month outlook has been a reliable short-run guide for current business conditions over time.

Company Specific
Employment, a seasonally adjusted index, fell 19.5 points from 60.6 in January to 41.1 in February. This is the biggest mover in this month’s report and marks a 3-month low.
Quantity of Purchases nudged downward in February, moving from an 8-month low of 35.7 to a 9-month low of 35.3.

Top line and forward revenue guidance both fell in February. Current Revenues fell for the second month in a row, reaching an 8-month low of 35.3 (referencing the 30.6 reported in June of 2020). Expected Revenues fell 10 points to reach 47.1 in February, a 5-month low (referencing the 42.9 reported in September of 2020).

Prices Paid rose for the fourth consecutive month, increasing 5.1 points from 71.4 in January to a 30-month high of 76.5 in February (referencing the 78.6 reported in August of 2018).

About the ISM-New York Report on Business
The survey results are compiled as diffusion indices. A reading of 50% means no change from the prior month, greater than 50% indicates a faster pace of activity, and less than 50% a slower rate.

Current Business Conditions, Six-Month outlook, NY-BCI, and the Employment index are seasonally adjusted. All other measures are not. For more information visit http://www.ismny.com/reports-on-business/

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SOURCE Buyers Meeting Point, LLC

A new case study from Mike Albert Fleet Solutions reveals the key to the success of Columbus Yellow Cab’s transition to fleet electrification.

CINCINNATI, March 2, 2021 /PRNewswire/ — Mike Albert Fleet Solutions, one of the nation’s top leaders in fleet electrification and electric vehicle (EV) fleet management, just released a case study about Columbus Yellow Cab’s evolution from internal combustion engine (ICE) vehicles to EVs and hybrids.

<a href="https://mma.prnewswire.com/media/1447401/CYC_Brand_lineup.html"…

CINCINNATI, March 2, 2021 /PRNewswire/ — Mike Albert Fleet Solutions, one of the nation’s top leaders in fleet electrification and electric vehicle (EV) fleet management, just released a case study about Columbus Yellow Cab’s evolution from internal combustion engine (ICE) vehicles to EVs and hybrids.

The study’s release celebrates the three-year anniversary of the business relationship between Columbus Yellow Cab and Mike Albert Fleet Solutions. In March of 2018, Morgan Kauffman, CEO and owner of Columbus Yellow Cab, decided it was time to do what’s right for the planet and move away from ICE vehicles. Knowing that the shift to fleet electrification would be a job too big and specialized for anyone at his company, Kauffman contacted the EV experts at Mike Albert Fleet Solutions for help.

 «Mike Albert was extremely flexible when helping us not only organize the finances of switching to EVs, but also to locate all the EVs that we needed,» says Kauffman.

Over the years, Mike Albert Fleet Solutions has developed close working relationships with several OEMs in the EV space, including Tesla. The good will Mike Albert Fleet Solutions has built with Tesla made it possible for them to acquire 30 Tesla Model 3s for Kauffman, making Columbus Yellow Cab the first third-party Tesla shop in the world.

The result of Columbus Yellow Cab’s «electric» transformation has been very rewarding for them. The total cost of ownership for their vehicles—the cost of owning a vehicle that includes fuel, maintenance, depreciation costs and more—has decreased significantly.

Plus, having a fleet full of EVs and hybrids has provided them with an environmentally-responsible reputation that gives them an advantage over competitors in the transportation-as-a-service industry.

«We’re excited that EVs and fleet electrification initiatives have become top of mind for businesses like Columbus Yellow Cab and government agencies that have carbon footprint reduction initiatives and want a lower total cost of ownership. We’re proud to lead in this growing segment of the industry and help our clients realize the benefits of a zero-emission fleet,» says Nate Shadoin, Director, Sales & Fleet Electrification at Mike Albert Fleet Solutions.

Mike Albert Fleet Solutions has been active in the automotive electrification movement for the past ten years in pursuit of their mission to empower fleet clients to achieve their sustainability goals and improve their ROI with EVs. Through immense research and experience, their team has acquired extensive EV expertise including:

-Flexible financing terms for EVs
-Monetization of EV incentives, grants and tax credits
-TCO and ROI data collection and reporting for EV fleets
-Assistance with charging needs via charging infrastructure and consultation partners

To see the full case study about Columbus Yellow Cab’s transition to fleet electrification, visit https://www.mikealbert.com/success-stories/columbus-yellow-cab.

About Mike Albert
Mike Albert is a future-focused mobility company, 63 years in the making, that’s home to three business units – Fleet Solutions, Sales & Service and Rental. Mike Albert is proudly rooted in Cincinnati, Ohio, but serves clients nationwide. Whether you need the ways and means to transport people, products or services, Mike Albert associates pride themselves on matching you with the right vehicles, financing and services to help you achieve your goals today and tomorrow.

Mike Albert Fleet Solutions, a top 10 national fleet management company, offers end-to-end services including vehicle acquisition and remarketing, leasing and financing, maintenance management, fuel management, telematics data and truck and van equipment and branding. Mike Albert Fleet Solutions serves fleets of any size, in any industry, including service contracting, pest control, construction, food and beverage, delivery, grounds management and municipalities.

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SOURCE Mike Albert Fleet Solutions