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Fresh data, just off the oven, is smelling good. As much as 9,010 MW of new, ground-mounted solar power plants came into being on Indian soil in 2017-18, a record, and a shade higher than the target of 9,000 MW. Never mind the listlessness in the rooftop sub-segment (353 MW achieved against the...

Solar panels look impressive up on those roofs but how do they make a difference in our daily lives?

Well, for starters, if you live on a remote farmland, just a square metre of solar panel can help pump water for your farm and provide electricity for basic household needs such as lighting,...

Name of the Company: GEM Enviro Management Pvt Ltd

Set up in: 2013

Based in: New Delhi

Founders: Dinesh Pareekh and Sachin Sharma

Funding received: Self-funded. Plans to approach investors for scaling up

What it does: It helps convert India’s waste into resource. India generates over 9,00,000...

WILMINGTON, North Carolina—May 22, 2018—Global Nuclear Fuel (GNF) today announced that it has been awarded a long-term contract by Entergy Nuclear to continue to fuel its boiling water reactors.

The new fuel supply contract, valued at more than $250 million, runs from 2019 through 2031 and includes 10 reloads of GNF3. Entergy will be the first customer to take delivery of GNF3 in reload quantities.

“Entergy and GNF have a long successful history of working together, but it is the opportunity to support the Entergy Nuclear fleet’s bright future that makes us excited about this new agreement,” said Amir Vexler, CEO of GNF. “With this extended period of fuel reloads, we are pleased to be in a position to continue our long-standing relationship with our valued customer by fueling their BWRs for the next decade with GNF3, our newest, most advanced fuel product.”  

Based on advanced technology developed by GNF, the GNF3 fuel assembly is designed to offer customers improved fuel cycle economics, increased performance and flexibility in operation and further improve on the reliability of GNF’s previous product lines.

GNF3 lead use assemblies have been operating in several U.S. nuclear power plants, including four lead use assemblies in Entergy’s River Bend Nuclear Station in St. Francisville, Louisiana since 2015.

“We are pleased to continue our partnership with Global Nuclear Fuel to receive fuel for our nuclear reactors,” said John Elnitsky, senior vice president, Engineering and Technical Services, Entergy Nuclear. “Being able to use one of the newest, most advanced fuel products on the market fits well with our strategies for achieving excellence in fuel reliability and gaining efficiencies for our customers.”    

In 2019, Entergy’s River Bend nuclear facility will become the first plant in which GNF3 will be installed in reload quantities. GNF3 will be installed in reload quantities at Grand Gulf Nuclear Station in Port Gibson, Mississippi, in 2020. GNF has fueled Entergy’s Grand Gulf and River Bend reactors continuously since 2008.

GNF3 is fabricated with GNF’s latest technology at the company’s state-of-the-art facility in Wilmington, North Carolina.

-more-

About GNF

Global Nuclear Fuel (GNF) is a world-leading supplier of boiling water reactor fuel and fuel-related engineering services. GNF is a GE-led joint venture with Hitachi, Ltd. and operates primarily through Global Nuclear Fuel-Americas, LLC in Wilmington, N.C., and Global Nuclear Fuel-Japan Co., Ltd. in Kurihama, Japan.

###

For more information, contact:

Global Nuclear Fuel                                                                          Entergy Nuclear

Jon Allen                                                                                           Mark Sullivan    

+1 910 819 2581                                                                              +1 601 368 5420

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Facility adds up to 1,180 MW to the national grid, enough power to meet the electricity needs of up to 2.4 million Pakistani homes

Lahore, Pakistan; May 21, 2018: Quaid-e-Azam Thermal Power (Private) Limited (QATPL), Harbin Electric International Company Limited (HEI) and GE Power (NYSE: GE) announced the completion of combined cycle commissioning activities and  the start of full-fledged commercial operations on May 20, 2018, 00:00 hours at the Bhikki Power Plant. The facility is now adding up to 1,180 megawatts (MW) of power to the national grid - the equivalent power needed to supply up to 2.4 million Pakistani homes.

The plant is owned by QATPL, HEI is the engineering, procurement and construction (EPC) contractor for the project, responsible for setting up the power plant and all commissioning activities and GE has supplied two advanced HA heavy-duty gas turbines, associated equipment and technical advisory services for the facility.

“We realize that the country’s energy needs are immediate and growing and have left no stone unturned in meeting these needs,” said Mr. Akhtar Hussain, Chief Operating Officer of QATPL. “Bhikki Power Plant is expected to run for up to 30 years and will help to power homes, villages, towns and cities across Pakistan. The selection of GE’s HA gas turbines, which have helped to deliver world record levels of combined cycle efficiency, will help ensure that the power generated at Bhikki is reliable, affordable and leaves a smaller environmental footprint than average, to the benefit of millions of Pakistanis.”

GE’s HA technology has now helped to deliver two world records - one for powering the world’s most efficient combined-cycle power plant, based on achieving 63.08 percent gross efficiency at Chubu Electric Nishi-Nagoya Power Plant Block-1 in Japan and another for helping EDF’s Bouchain Power Plant achieve 62.22 percent net combined cycle efficiency in France. Furthermore, the HA can ramp up or down quickly, while still meeting emissions requirements to help maintain grid stability. It thus offers an excellent flexible complement to renewable sources as Pakistan increases the proportion of solar and wind power in the energy mix, which is intermittent in nature and can fluctuate by time of day and season.  

Mr. Li Chao, Chief Operation Officer of HEI and General Director of 1st Power Division of HEI added, “The Bhikki Power Plant is a testament to our commitment to power Pakistan and fuel progress. Each stakeholder involved in this project went the extra mile to cooperate, promote and benefit from one another’s expertise to bring power online at an accelerated timeframe.”

Mr. Mohamad Ali, President & CEO of GE’s Gas Power Systems – Projects in the Middle East, Pakistan and India, added, “Uninterrupted, affordable power is a cornerstone of modern societies.  The successful completion of the Bhikki Power Plant will benefit communities, businesses and industries across Pakistan and lead the way in helping to secure the country’s energy future. We are honoured to support the government, our customer and the people of Pakistan in establishing this state-of-the-art facility.”

GE’s HA technology has completed off-grid, full-speed, full-load validation testing at extreme conditions well beyond those encountered while in service at the world’s largest, most thorough gas turbine test stand located at GE’s manufacturing facility in Greenville, South Carolina. The technology is the fastest growing fleet of heavy-duty gas turbines today, with more than 75 units ordered to date by over 25 customers across more than 15 countries, including the United States, Mexico, Brazil, Pakistan, Japan, Bahrain, China, France and others. More than 20 units are already operational, clocking in over 100,000 operating hours.

“We are proud to bring GE’s industry-leading HA technology to Pakistan, which will help the country save billions of rupees over the life-cycle of the Bhikki Power Plant through better fuel utilization and greater economies of scale,” said Mr. Sarim Sheikh, President & CEO of GE Pakistan, Iran and Afghanistan. “I congratulate the Government of Punjab and all other stakeholders involved in bringing this critical project online.”

GE’s HA technology also equips the Haveli Bahadur Shah (HBS) and Balloki power plants. Together, HBS, Bhikki and Balloki power plants are a significant component of the government’s strategy to enhance access to electricity to over 90 percent of the population and are expected to add a total of up to 3,600 MW to Pakistan’s grid.

GE has supported the development of energy, transportation and healthcare infrastructure in Pakistan for more than 50 years. Today, GE-built technologies can generate the equivalent power needed to supply up to a quarter of the country’s electricity.

-ends-

Notes to Editor

About Quaid-e-Azam Thermal Power (Private) Limited (QATPL):

Quaid-e-Azam Thermal Power Private Limited (QATPL) is a wholly owned company of the Government of Punjab engaged in setting up the regasified liquefied natural gas (RLNG) Bhikki Power Plant to meet the energy demand in Pakistan.

About Harbin Electric International (HEI):

Harbin Electric International Company Limited (HEI) is an important member of the Harbin Electric Corporation, and is China’s leading large-scale enterprise in power project contracting and the export of power equipment. Established in 1983, HEI is primarily engaged in the engineering, procurement and construction of thermal, hydro and combined-cycle power plants, and the supply of complete sets of equipment; moreover, the company can be contracted to build large-scale transmission facilities and public utilities, and provides professional comprehensive after-sales service. Since 2014, HEI has expanded its business in power investment to help resolve a global shortage of electric power. http://www.china-hei.com

About GE:

GE (NYSE: GE) is the world’s Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the "GE Store," through which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry. www.ge.com

About GE Power:

GE Power is a world energy leader that provides technology, solutions and services across the entire energy value chain from the point of generation to consumption. We are transforming the electricity industry by uniting all the resources and scale of the world’s first Digital Industrial company. Our customers operate in more than 150 countries, and together we power more than a third of the world to illuminate cities, build economies and connect the world.

For more information, visit the company's website at www.gepower.com. Follow GE Power on Twitter @GE_Power and on LinkedIn at GE Power.

Country’s utilities and government regulators are focused on aggressive electrification, decentralization, and digitization efforts, report finds

A second structural impediment to fully realizing DER benefits is the current grid planning approach, which biases grid design toward traditional infrastructure rather than distributed alternatives, even if distributed solutions better meet grid needs. Outdated planning approaches rely on static assumptions about DER capabilities and focus primarily on mitigating potential DER integration challenges, rather than proactively harnessing these flexible assets.

Section II demonstrated how California could realize an additional $1.4 billion per year by 2020 in net benefits from the deployment of new DERs during the 2016-2020 timeframe. This state-wide methodology was then applied to the planned distribution capacity projects for California’s most recent GRC request, showing how the deployment of DERs in lieu of planned distribution capacity expansion projects in PG&E’s next rate case could save customers over $100 million. 

Motivated by the challenge faced in designing a grid appropriate to the 21st century, this report first focuses on determining the quantifiable net economic benefits that DERs can offer to society. The approach taken builds on existing avoided cost methodologies – which have already been applied to DERs by industry leaders – while introducing updated methods to hardto-quantify DER benefit categories that are excluded from traditional analyses. While the final net benefit calculation derived in this report is specific to California, the overall methodological advancements developed here are applicable across the U.S. Moreover, the ultimate conclusion from this analysis – that DERs offer a better alternative to many traditional infrastructure solutions in advancing the 21st century grid – should also hold true across the U.S., although the exact net benefits of DERs will vary across regions.

Designing the electric grid for the 21st century is one of today’s most important and exciting societal challenges. Regulators, legislators, utilities, and private industry are evaluating ways to both modernize the aging grid and decarbonize our electricity supply, while also enabling customer choice, increasing resiliency and reliability, and improving public safety, all at an affordable cost.

The share of renewables in overall power generation is rapidly increasing, both in developed and developing countries. Furthermore, many countries have ambitious targets to transform their power sector towards renewables. To achieve these objectives, the structure and operation of existing power grid infrastructures will need to be revisited as the share of renewable power generation increases.

Renewable energy technologies can be divided into two categories: dispatchable (i.e. biomass, concentrated solar power with storage, geothermal power and hydro) and non-dispatchable, also known as Variable Renewable Energy or VRE (i.e. ocean power, solar photovoltaics and wind). VRE has four characteristics that require specific measures to integrate these technologies into current power systems: 1) variability due to the temporal availability of resources; 2) uncertainty due to unexpected changes in resource availability; 3) location-specific properties due to the geographical availability of resources; and 4) low marginal costs since the resources are freely available.

A transition towards high shares of VRE requires a re-thinking of the design, operation and planning of future power systems from a technical and economic point of view. In such a system, supply and demand will be matched in a much more concerted and flexible way. From a technical perspective, VRE generation can be ideally combined with smart grid technologies, energy storage and more flexible generation technologies. From an economic perspective, the regulatory framework will need to be adjusted to account for the cost structure of VRE integration, to allow for new services and revenue channels, and to support new business models.

There are several technological options that can help to integrate VRE into the power system grid: system-friendly VREs, flexible generation, grid extension, smart grid technologies, and storage technologies. New advances in wind and solar PV technologies allow them to be used over a wider range of conditions and provide ancillary services like frequency and voltage control. Flexible generation requires changes in the energy mix to optimise production from both dispatchable and non-dispatchable resources. Smart grid technologies can act as an enabler for VRE integration, given their ability to reduce the variability in the system by allowing the integration of renewables into diverse electricity resources, including load control (e.g. Demand Side Management (DSM), Advanced Metering Infrastructure (AMI), and enhancing the grid operation and therefore helping to efficiently manage the system’s variability by implementing advanced technologies (e.g. smart inverters, Phasor Measurement Unit (PMU) and Fault Ride Through (FRT) capabilities).

Energy storage technologies can alleviate short-term variability (up to 2 Renewable Energy Integration in Power Grids | Technology Brief several hours), or longer-term variability through pumped-storage hydroelectricity, thermal energy storage or the conversion of electricity into hydrogen or gas.

Two immediate applications for deploying innovative technologies and operation modes for VRE integration are mini-grids and island systems. The high costs for power generation in these markets make VREs and grid integration technologies economically attractive since they can simultaneously improve the reliability, efficiency and performance of these power systems. This is, for example, the case of the Smart Grid demonstration project in Jeju Island, South Korea.

Furthermore, the right assessment and understanding of VRE integration costs are relevant for policy making and system planning. Any economic analysis of the transition towards renewables-based power systems should, therefore, consider all different cost components for VRE grid integration, such as grid costs (e.g. expansion and upgrading), capacity costs and balancing costs. Integration costs are due not only to the specific characteristics of VRE technologies but also to the power system and its adaptability to greater variability. Therefore, these costs should be carefully interpreted and not entirely attributed to VRE, especially when the system is not flexible enough to deal with variability (i.e. in the short-term).

Moreover, RE integration delivers broader benefits beyond purely economic ones, such as social and environmental benefits. Even though not straightforward, these externalities should be considered and quantified in order to integrate them into the decision-making process and maximise socio-economic benefits.

Due to the rapid technological progress and multiple grid integration options available, policy makers should build a framework for RE grid integration based on the current characteristic of the system, developing technological opportunities and long-term impacts and targets. In particular, policy makers should adopt a long-term vision for their transition towards renewables and set regulatory frameworks and market designs to foster both RE development and management of greater system variability. Such regulatory frameworks could include new markets for ancillary services and price signals for RE power generators that incentivise the reduction of integration costs.

Source: IEA-ETSAP and IRENA

Power regulator Central Electricity Regulatory Commission approved the procedure for grant of connectivity through inter-state transmission system in its order on May 15, 2018.

The commission has issued detailed procedure for grant of long- and medium-term transmission access to renewable energy project that has acquired half of its land requirement and achieved financial closure.

Developers expressed fear that completed projects might not be able to start functioning because all ‘bays’ at the nearest substations are already occupied and transmission lines already carrying their full capacity.

The company said it has won a turnkey order of Rs 643 crore for construction of 765 kV D/C transmission lines in Tamil Nadu from the state's power transmission utility.

With 15 power transmission projects including three in Brazil, Sterlite says it is poised to increase its current market share of 30 per cent of the PPP market.

Power Grid had emerged as the lowest bidder for the transmission project to connect northern and western regions via 765 kV Inter-regional corridor under an auction conducted by the REC arm RECTPCL, an REC statement said.

PARIS--(BUSINESS WIRE)--Designer of patented gas sensors and the first comprehensive air quality analysis and prediction platform, eLichens today announced a new EUR 7 million capital increase with its historical investors and two new entrants. This operation, which follows the success of the first raising of capital of over 4 million euros in July 2016, aims to market large volumes of its micro gas sensors to serve the needs of its industrial customers as well as the large-scale deployment of its platform that performs intelligent indoor and outdoor air quality analysis for the smart city, smart home and smart building markets.

The eLichens team relies on patented technologies developed jointly with renowned laboratories such as CEA-Leti and MIT.

In addition to the renewed and strengthened support from current shareholders, including DEMETER, SOFIMAC Innovation, Business Angels networks (members of France Angels) and Aereco, eLichens is delighted to welcome the Fonds Ville de Demain managed by Bpifrance as part of the Future Investment Program and BNP Paribas Développement.

The success of the fundraising reflects the interest and confidence of investors in the company, reinforced by the recent signing of production contracts with major international industrial groups. They wish to capitalize on eLichens' solutions to develop products in the field of worker safety as well as the implementation of urban scenarios to improve air quality in the city of tomorrow. With its unique and proprietary technology platform of indoor/outdoor stations incorporating artificial intelligence, eLichens addresses the markets for urban gas leak detection and analysis and residential and building energy efficiency.

"I am both delighted and proud of the significant progress made within eLichens, which is reflected in the growing attractiveness of our complete range of products, from patented gas sensors to integrated systems, to major industrial groups. The new fundraising initiative demonstrates the confidence shown in the strong potential of our company by historical shareholders and new entrants", says Wahid Issa, CEO of eLichens.

"Since 2016, the eLichens team has demonstrated its strong ability to develop highly innovative air quality analysis and prediction products and solutions. The contracts signed with major customers, in France and internationally, in a wide variety of business sectors confirm the relevance of the solution developed by the company. We are therefore delighted to continue supporting eLichens in this new phase of growth", explains Olivier Bordelanne, Investment Director at DEMETER.

"We are pleased to reiterate our confidence and strengthen our investment in eLichens. The founders brought together some world-renowned advisors and a very talented team. They have kept their promises and eLichens is well equipped to push the benefits of their disruptive sensor technologies and software solutions into the markets for air quality analysis and gas detection. By contributing to more than a third in this new round of funding, Sofimac Innovation is showing its resolve to significantly support companies that started 12 to 18 months earlier, so as to facilitate their international development ambitions", says Nicolas Boulay, Associate Director at SOFIMAC Innovation.

"Air quality, inside and outside our living spaces, is a major health issue. eLichens has developed unique sensor technologies and software to address the air quality market and make their deployment possible. The company has a strong team that has demonstrated its ability to convince several global players of the value of its products. The Fonds Ville de Demain is very happy to support eLichens in its development ambitions", states Laure Michel, Investment Director at Bpifrance.

"Business Angels, members of the France Angels network, have accompanied eLichens since its creation and have mobilized to support its development. This new phase, which Business Angels are supporting, aims to give concrete expression to the worldwide success of an innovative technology with an experienced team in a rapidly developing and vital market, namely that of air quality," says Pascal Péru, Business Angels representative for the eLichens project.

***

About eLichens (www.elichens.com)

Created in December 2014, eLichens is a start-up with a mission to help individuals digitize their environment. The company relies on a portfolio of patents, know-how and skills, which enable it to develop and market complete sensor/data/services solutions to address the industrial, smart city and consumer markets. eLichens has its headquarters in Grenoble and offices in California.

About Demeter (www.demeter-im.com):

Demeter is a major European private equity player in the field of energy and ecological transition. Its funds invest amounts from EUR 500,000 to EUR 30 million to support companies in the sector at all stages of their development: innovative start-ups, SMEs, fast-growing ETIs and infrastructure projects. Demeter's team comprises 33 staff based in Paris, Grenoble, Metz, Madrid. The company manages EUR 1,000 million and has made 120 investments over the past 12 years.

The EMERTEC 5 fund, an investor in eLichens, is dedicated to providing seed financing to innovative technology companies. The fund, endowed with a little more than EUR 50 million, was raised with the support of the Fonds National d’Amorçage (FNA). The latter is managed by Bpifrance Investissement within the framework of the Future Investment Program and the European Investment Fund (EIF) through the European Union Framework Program for Competitiveness and Innovation (CIP).

About Sofimac Innovation (www.sofimacpartners.fr/innovation/)

Sofimac Innovation is an independent management company certified by the financial markets regulator (AMF) and dedicated to technological and innovative investment. We are present in Paris, Lyon, Rennes and Aix-en-Provence, as close as possible to the major innovation centers in France. We support innovative start-ups in their growth projects with a wide range of investment vehicles. Working in a wide variety of technological sectors, particularly in the health and digital sectors, our team comprises 10 experienced investor-entrepreneurs specialized in their field. The funds managed by Sofimac Innovation are subscribed by some of the most prestigious public and private institutional investors. Sofimac Innovation currently manages eight funds comprising around 80 active companies.

Sofimac Innovation, together with Sofimac Régions, forms part of the Sofimac Investment Managers group, which has been investing in innovation and growth capital for nearly 40 years. Sofimac IM teams are spread over eight national and regional locations.

About the Future Investment Program

With a budget of EUR 57 billion, the Future Investment Program (Programme d'Investissements d'Avenir – PIA), led by the General Secretariat for Investment, was set up by the French state to finance innovative and promising investments in the country. Six national priorities have thus been identified to enable France to increase its growth and employment potential:

  • higher education, research and training,
  • the commercialization of research and its transfer to the economic world,
  • sustainable development,
  • industry and SMEs,
  • the digital economy,
  • health and biotechnology.

Find out more about future investments: http://www.gouvernement.fr/secretariat-general-pour-l-investissement-sgpi – Twitter : @SGPI_avenir

Endowed with EUR 50 million, the VDD fund, managed by Bpifrance within the framework of the Future Investment Program, provides seed and venture capital to companies that develop technologies and services in the field of the smart city. The VDD fund may invest in start-up companies. The investments are made at the time of the first capital openings and can reach EUR 2 million. The companies targeted develop technological or commercial innovations or provide innovative services.

About Bpifrance

Bpifrance Investissement invests its equity capital through Bpifrance Investissement. Bpifrance finances companies – at every stage of their development – with loans, guarantees and equity. Bpifrance supports them in their innovation projects and internationally. Bpifrance also ensures their export activity through a wide range of products. Consulting, university, networking and acceleration programs for startups, SMEs and ETIs are also part of the offer for entrepreneurs.

Thanks to Bpifrance and its 48 regional offices, entrepreneurs enjoy the services of a close-by, single and efficient point of contact to help them face their challenges.

More information at: www.bpifrance.fr – www.presse.bpifrance.fr – Follow us on Twitter: @Bpifrance - @BpifrancePresse

About BNP Paribas Développement

BNP Paribas Développement, a subsidiary of the BNP Paribas Group, is a public limited company created in 1988 and which invests its own funds directly to support the development of high-performing SMEs and ETIs and to ensure their sustainability by facilitating their transfer as minority shareholders. In addition to the financial resources made available to the company to ensure stable resources, the mission of BNP Paribas Développement is to support the management team in carrying out its medium-term strategic project. Our minority position ensures our partners appropriate governance without interference in day-to-day management, while benefiting from the strength of a recognized group and the experience of a partner with a portfolio of over 300 investments. The investment from our own funds guarantees our partners the option of long-term support, adapted to the project and enabling intermediate operations to be carried out: reorganization of capital, external growth, etc. In 2016, BNP Paribas Développement created a structure dedicated to innovation capital which invests in seed capital and in subsequent rounds to support the growth of start-ups with potential.

Find out more at www.bnpparibasdeveloppement.com/

About the Business Angels networks

The Business Angels networks, members of France Angels, are made up of natural persons. The Business Angel invests part of its assets in innovative companies, which also makes its skills, experience, relational networks and part of its time freely available to the company. The Business Angels networks that have participated in supporting eLichens are:

The original source-language text of this announcement is the official, authoritative version. Translations are provided as an accommodation only, and should be cross-referenced with the source-language text, which is the only version of the text intended to have legal effect.

OXFORD, England, May 23, 2018 /PRNewswire/ --

OXIS Energy UK Ltd is in the process of opening a battery production plant in the state of Minas Gerais in south eastern Brazil. OXIS Energy has received a substantial investment from Aerotec, a Brazilian Private Equity fund. This £3.7 million investment is Aerotec's first international venture. The Aerotec Fund is centred on Aerospace and advanced manufacturing and is anchored by CODEMIG, the Economic Development Company. The fund is managed by Confrapar - a pioneer in the Brazilian Venture Capital and private equity market.  

     (Logo: https://mma.prnewswire.com/media/695030/OXIS_Energy_Logo.jpg )

Although OXIS Energy will still continue its research and development programme in the UK, it is excited to be moving into the manufacturing end and sees this venture in Brazil as a huge step towards its quest to be at the forefront of revolutionising city transport across the world. This manufacturing plant will be capable eventually of producing millions of cells annually. A cell is the smallest energy storage units of a battery and several of them placed together form a battery. The new manufacturing plant will initially focus on commercial expansion throughout Latin America and will also address the aviation, defence and heavy electric vehicle markets worldwide.

Established in 2005, OXIS Energy has developed, and continues to advance innovative Lithium Sulfur (Li-S) battery chemistry, cells and systems that will revolutionise the worldwide rechargeable battery market. With considerably higher energy density, OXIS' batteries are lighter, safer and as they do not comprise any rare earth metals, OXIS Energy battery systems are more eco-friendly than Lithium-ion alternatives. Because of those characteristics, OXIS' technologies are very suitable for the aerospace and electric bus industries.

When asked for a comment, Huw W. Hampson-Jones, CEO of OXIS Energy, stated: " Buses tend to use 30 times more fuel than an electric car, and for every 1,000 carbon fuelled buses, we save 500 barrels of diesel fuel a day. The OXIS technology is ideally suited for electric aircraft; it is light and extends significantly the flight times of aircraft. These are key factors in the deployment of OXIS Lithium Sulfur (Li-S) batter systems technology for electric buses and aviation vehicles."

Rodrigo Esteves, Managing Partner at Confrapar, added, "This overseas investment will bring new technological advances into Brazil, whereby the State of Minas Gerais builds up its competencies and skills in the market for rechargeable lithium batteries, with an estimated value in excess of US$100 billion."

Editor's Notes:  

OXIS Energy Ltd is involved in the design, development and now the move towards commercial production of Lithium Sulfur cells for battery systems. With 36 patent families, OXIS has been granted 123 patents with 108 pending. OXIS has demonstrable empirical data justifying its claim on the inherent safety of its battery technology.

http://www.oxisenergy.com 

SOURCE OXIS Energy Ltd

OSLO, Norway--(BUSINESS WIRE)--Greenbird, the company delivering Metercloud to accelerate the energy revolution, today announced that it has been named a Gartner “Cool Vendor” in Application Architecture, Infrastructure and Integration.

Greenbird empowers utilities by delivering Metercloud to manage the data flow faster and smoother than traditional system integration models. With prebuilt Metercloud integration applications and connectors, software solutions can be connected and updated in a few days instead of months of custom coding.

Every year Gartner identifies Cool Vendors with innovative offerings for application leaders responsible for architecture, infrastructure and integration.

Thorsten Heller, CEO and Co-Founder at Greenbird, said that “In the Cool Vendor report, Gartner recommends ‘application leaders responsible for modernizing application architecture, infrastructure and integration should exploit service mesh capabilities in portable, resilient and incrementally extensible microservices implementations to enable application infrastructure.’ Domain specific and flexible integration capabilities will be crucial for creating easy-to-consume integrated solutions. This is exactly what we deliver with Metercloud for digital platform utilities, and clearly acknowledges the value we create for customers and partners.”

The full Gartner report “Cool Vendors in Application Architecture, Infrastructure and Integration” (May 2018) by Eric Thoo, Massimo Pezzini, Aashish Gupta and Bindi Bhullar can be accessed by Gartner subscribers and clients here:

https://www.gartner.com/doc/3874300?ref=AnalystProfile&srcId=1-4554397745

About Greenbird

Greenbird is a Norwegian software company headquartered in Oslo. The company is established as a leading company for integration solutions in the energy industry. Greenbird delivers the integration service Metercloud, a state-of-the-art integration solution accelerating the energy revolution by enabling smart metering and digital grids.

Required Disclaimer

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

KUALA LUMPUR, Malaysia, May 23, 2018 /PRNewswire/ -- Frost & Sullivan today named top Malaysian firms to be honored at the 14th annual Malaysia Excellence Awards banquet, which will be held at the Hilton Kuala Lumpur on 26th June 2018.

Mr. Hazmi Yusof, Senior Vice President and Malaysia Managing Director at Frost & Sullivan said that the award recipients have demonstrated exemplary achievements in the local market. Frost & Sullivan's intent is to help drive innovation, excellence and a positive change in the local economy by recognizing best-in-class products, companies and individuals, he added.

Celcom, DHL Express, KDEB Waste Management, Mah Sing Group, Pos Malaysia and U Mobile were amongst companies honored.

The Malaysia Excellence Awards aims to recognize Malaysian companies for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research in order to identify best practices in the industry.

The findings of the detailed evaluation are then presented to a panel of independent judges comprising influential personalities and leaders in Malaysia, to decide the recipient for the ICT categories. For more information, please visit www.malaysia-awards.com

Frost & Sullivan congratulates all the 2018 Malaysia Excellence award recipients, listed below in alphabetical order.

Award Title

Award Recipient

2018 Malaysia Unmanned Aerial Vehicle (UAV) Services Company of the Year

Aerodyne Group

2018 Malaysia Fertility Centre of the Year

Alpha Fertility Centre

2018 Malaysia Excellence Award in Customer Experience - Telecommunications Industry Malaysia - In Store Experience

Celcom Axiata Berhad

2018 Malaysia Excellence Award in Customer Experience - Telecommunications Industry Malaysia - Contact Center Experience

Celcom Axiata Berhad

2018 Malaysia Home Water Filter Growth Excellence Leadership Award

Cuckoo International (MAL) Sdn Bhd 

2018 Malaysia E-Commerce Service Provider of the Year

DHL Express (Malaysia) Sdn Bhd

2018 Malaysia Solar Power Company Of the Year

Ditrolic Sdn Bhd

2018 Malaysia Food Ingredients Company of the Year

Ecolex Sdn Bhd

2018 Malaysia Express Service Provider of the Year - Private Sector

GD Express Sdn Bhd

2018 Malaysia IT Infrastructure Services Competitive Strategy, Innovation and Leadership Award 

Heitech Padu Berhad

2018 Malaysia Payment Gateway Provider of the Year

iPay88 (M) Sdn Bhd

2018 Malaysia Smart Waste Solutions Company of the Year

KDEB Waste Management Sdn Bhd  

2018 Malaysia Property Development Company of the Year

Mah Sing Group

2018 Malaysia Unmanned Aerial Vehicle (UAV) Services Entrepreneurial Company of the Year

OFO Tech

2018 Malaysia Aesthetic Medicine Growth Excellence Leadership Award

One Doc Medical Centre

2018 Malaysia Smart Building Solutions Company of the Year 

Optergy

2018 Malaysia Express Service Provider of the Year

Pos Malaysia

2018 Malaysia Project Logistics Service Provider of the Year

Pos Malaysia

2018 Malaysia Warehouse Service Provider of the Year 

Tiong Nam Logistics Solutions Sdn Bhd

2018 Malaysia Cloud Service Provider of the Year

TM One

2018 Malaysia Telecom Service Provider of the Year

TM One

2018 Malaysia Data Centre Service Provider of the Year

TM One

2018 Malaysia Smart City Service Provider of the Year

TM One

2018 Malaysia Mobile Data Service Provider of the Year

U Mobile

2018 Malaysia Excellence Award in Customer Experience - Telecommunications Industry Malaysia - Overall Experience

U Mobile

2018 Malaysia Excellence Award in Customer Experience - Telecommunications Industry Malaysia - Online Experience

U Mobile

2018 Malaysia Excellence Award in Customer Experience - Telecommunications Industry Malaysia - Mobile Experience

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UEM Edgenta Berhad

2018 Malaysia Organic Food Customer Value Leadership Award

Zenxin Agri-Organic Food Sdn Bhd

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?  Contact Us:     Start the discussion

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SOURCE Frost & Sullivan

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NEW YORK, May 23, 2018 /PRNewswire/ --

Editor's Summary

  • The new Acer Chromebook Spin 13 and Chromebook 13 boast stylish all-aluminum designs that are durable, thin, and light
  • Designed with productivity in mind, the new Acer Chromebooks feature 3:2 aspect ratio screens for more vertical space than wider 16:9 screens, reducing the need for scrolling while editing documents and spreadsheets
  • Includes 8th Gen Intel® Core processors providing remarkable performance and exceptional battery life[1]
  • The new Acer Chromebooks feature dual USB 3.1 Type-C Gen 1 ports for convenient charging and data transfers, and Android app support via Google Play Store

Acer today introduced two new premium Chromebooks designed for business use -- the Acer Chromebook Spin 13 and the Acer Chromebook 13. Both models feature a stylish and durable all-aluminum design and a full HD+ 13.5-inch display in a 3:2 aspect ratio. The new Acer Chromebooks are powered by 8th Gen Intel® Core processors providing exceptional performance and battery life for productivity on the go.

The convertible Chromebook Spin 13 (CP713-1WN) has 360-degree hinges for use as a tablet, notebook, display, or in tent-mode. It comes with a Wacom® stylus (for pen input) that can be conveniently stored in the device slot. The Acer Chromebook 13 (CB713-1W) opts for the traditional notebook design for keyboard-heavy tasks.

"The new premium profiles of the Acer Chromebooks are a reflection of the superior performance they provide, as well as of the vast capabilities of Chrome OS," said James Lin, General Manager, Commercial & Detachable Notebooks, IT Products Business at Acer. "As a leader in Chromebooks, Acer has helped accelerate their adoption in business, education, and at home. As Chrome OS has evolved to include more features, we've responded with designs and form factors that offer meaningful benefits to our customers."

Productivity-Boosting Full HD+ 13.5-inch Display

The new Acer Chromebook Spin 13 and Acer Chromebook 13 feature a 13.5-inch Full HD+ display with 2256x1504 resolution for 3.3 million pixels of brilliant clarity and vibrancy while running apps and viewing content. The IPS display lets users easily present projects and share content thanks to its wide 178-degree viewing angles.

The display's 3:2 aspect ratio adds 18 percent more vertical space compared to an equally wide 16:9 display, so customers scroll less when viewing websites, documents, and spreadsheets. Plus, when the Chromebook Spin 13 is in tablet mode, the taller display feels more like an actual magazine, enhancing the reading experience.

Stylish and Sturdy Premium Aluminum Design

The Chromebook 13's new design features a beautiful all-aluminum chassis that is visually appealing for professionals, students, or anyone who appreciates sleek, modern design. The attractive diamond-cut effects on the edges and surrounding the touchpad complement the sandblasted matte aluminum chassis, making it pleasing to touch and easier to grip.

The Chromebook Spin 13 and Chromebook 13 are both built with a sturdy but stylish aluminum chassis to improve durability while reducing flex. The Corning® Gorilla® Glass touchpad provides smooth navigation when browsing the web and using apps, while dual microphones effectively pinpoint sound for clear audio during video chats and online calls.

Convertible Chromebook Spin 13 with Four Usage Modes and Wacom Pen Input

The Chromebook Spin 13's convertible design with 360-degree hinges allows it to be opened a full 360-degrees so the touchscreen display can be used in tablet mode, useful for reading online content, gaming, or chatting. The convertible design brings the keyboard forward quickly for input. In addition, customers can stand it up in display mode to get closer to the screen, or use it in tent-mode in tight spaces.

The included Wacom EMR stylus lets customers sketch, take notes, capture ideas, and interact with programs and apps with precision. The refined elastomer tip provides unsurpassed accuracy and a natural writing experience. In addition, it can be stored in the Chromebook Spin 13's storage slot to prevent it from getting misplaced.

Staying Connected

The new Acer Chromebooks have USB 3.1 Type-C ports on each side for charging the Chromebook from the most convenient angle. Plus, the ports can be used for quick data transfers when connecting to an external display or for charging other devices. Both new Chromebooks also have a legacy USB 3.0 port and a MicroSD card reader.

The Chromebook Spin 13 and Chromebook 13 feature dual slot-antennae to provide fast and reliable 2x2 MIMO 802.11ac Wi-Fi, while Bluetooth 4.2 delivers a convenient connection to peripherals.

All-Day Battery Life and Enhanced Performance

The new Acer Chromebook Spin 13 can be used for a full day of work or school, streaming or gaming, with its industry-leading battery life of up to 10 hours.

The Acer Chromebook Spin 13 is powered by an 8th Gen Intel Core i5-8250U processor or Core i3-8130U processor. It offers up to 16GB LPDDR3 memory and up to 128GB of on-board eMMC storage.

The Acer Chromebook 13 processor options include an 8th Generation Intel Core i3-8130U, Intel® Pentium® 4415U or Intel® Celeron® 3865U. It comes with up to 16GB LPDDR3 memory and either 32GB or 64GB of on-board eMMC storage.

Android App Support; Chrome OS Speed, Simplicity and Security

Both the new Acer Chromebook Spin 13 and Chromebook 13 fully support Android apps via Google Play, so customers can have access to Chrome apps and more than two million Android apps for productivity, connectivity, and fun.

The new Acer Chromebooks are not only easy to use, but also easy to share with multiple users. Customers simply log into their Google account to access Gmail, Google Docs, apps, extensions, bookmarks, and more. Chromebooks run on Google's Chrome OS platform, which automatically updates and uses multiple levels of security to guard against ever-changing online threats.

Exact specifications, prices, and availability will vary by region. To find out about availability, product specifications and prices in specific markets, please contact your nearest Acer office or retailer via www.acer.com.

The new Acer Chromebook Spin 13 and Chromebook 13 were unveiled today at the next@acer press event held in New York, where the company announced a range of new devices and solutions for gamers, creators, families, students and professionals. For more information, visit www.acer.com/nextatacer.

About Acer

Founded in 1976, today Acer is one of the world's top ICT companies and has a presence in over 160 countries. As Acer looks into the future, it is focused on enabling a world where hardware, software and services will fuse with one another to open up new possibilities for consumers and businesses alike. From service-oriented technologies to the Internet of Things to gaming and virtual reality, Acer's 7,000+ employees are dedicated to the research, design, marketing, sale, and support of products and solutions that break barriers between people and technology. Please visit www.acer.com for more information.

© 2018 Acer Inc. All rights reserved. Acer and the Acer logo are registered trademarks of Acer Inc. Other trademarks, registered trademarks, and/or service marks, indicated or otherwise, are the property of their respective owners. All offers subject to change without notice or obligation and may not be available through all sales channels. Prices listed are manufacturer suggested retail prices and smay vary by location. Applicable sales tax extra.

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SOURCE Acer Incorporated

Related Links

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BEIJING, May 22, 2018 /PRNewswire/ -- Smartisan held a product launch for its latest release at the Bird's Nest Stadium in Beijing, a long-awaited, revolutionary device: the TNT Work Station, along with the R1 phone.

Smartisan is now in its sixth year, and the TNT Work Station is based on Smartisan OS's large screen work center, using an innovative "touch and talk" (TNT) interaction style. By changing the underlying logic of how users interact with a computer with both gesture and voice input, it creates a more natural, more intuitive approach to interaction. It redefines human-machine interaction, making for a "smarter" experience and decreasing the demands on the user. It recreates the most important productivity tools, and by pairing with the R1 phone it allows users to flow between devices, enhancing efficiency for work, messaging, search, and input. It is a revolutionary new engine for productivity.

The TNT Work Station supports system-wide voice input and control. At any point, a user only need tap one button, and they can input text by voice or issue commands. It's a more intuitive and much more efficient interaction experience. And with the Smartisan Office document, spreadsheet, and slide presentation apps, combined with touch and talk interactions and AI algorithms, all of the repetitive little office software tasks and actions, like editing slides, become instantly easier. For instance, the system's AI can provide format recommendations, predict what images you might want and find them automatically, convert notes into full slides, and, through the ten buttons of the Smart Sidebar, offer easy shortcuts for text, images, and files, all to make your work more truly productive.

The TNT Work Station also offers "Bullet Messaging" to allow for easy, one-off messaging with 10+ contacts. It supports combined, full platform search with one-time input, and storage is shared with the R1 phone so you never need to sync. The capacitive touchscreen supports gestures using up to all ten fingers for an unprecedented level of control.

The TNT Work Station provides a full array of richly optimized system apps, including Smartisan Office, messaging, Big Bang, and Idea Pills, not to mention Smartisan Notes, Gallery, Calendar, Mail, File Manager, Browser, and more, all for large screen display. This ecosystem will be built out in the future to work with handheld gaming devices and 4K screens, letting users experience a new style of work and play.

The R1 phone, meanwhile, is the "core" of the TNT Work Station. Dubbed a "next generation flagship phone, with the computer of the future inside," it has powerful performance and processing speed, a flagship caliber camera, and stunning industrial design. R1 is equipped with a Snapdragon 845 processor, 6GB of memory (up to 8GB), and up to 1TB of storage. Its Antutu benchmark score stands at 275,000. It supports TV OUT large screen gameplay, has dual 12 MP and 20 MP cameras on the back, a 24 MP camera on the front, and Sony's IMX363 sensor with OIS and 4K video EIS, yielding exceptional, first-rate camera and video performance under all kinds of conditions. The system also has newly added touch sensitivity shortcuts, full upgrades to the three key productivity tools (Idea Pills, Big Bang, and One Step), AI enhancements throughout, along with support for multi-key phone cases that improve the phone's usability. In terms of industrial design, it uses a 6.17" 18.7:9 wide color gamut screen, with 1500:1 contrast ratio, support for touch sensitivity, and a screen ratio of up to 84%. It continues Smartisan's tradition of minimalist design, with discreet touches like the integration of the logo within the fingerprint sensor, and a cambered 3D glass back, making for yet another breakthrough in visual and tactile design.

R1 has all of the specs that a flagship phone should: fingerprint and face recognition unlocking, with linear motor haptic feedback; 3600 mAh battery with 18W fast charging and 10W wireless charging; an immersive sound system for stereo sound with music, movies, and gaming; hardware-level AI noise reduction for effortlessly eliminating ambient noise in calls; support for dual 4G dual VoLTE, and two SIM cards with simultaneous standby; and support for NFC, USB 3.0, and more. R1 is everything a flagship phone should be.

R1 is offered in two colors, carbon black (the "thin red line" edition) and pure white, with options of 6GB/64GB, 6GB/128GB, 8GB/128GB, or 8GB/1TB RAM and storage, selling for 3499, 3999, 4499, and 8848 RMB, respectively. Sales started on Smartisan's website JD online store on May 15. The TNT Work Station starts at 9999 RMB, with full-pay pre-orders now available on Smartisan's website.

Smartisan's official website: https://www.smartisan.com/r1/overview 
Smartisan's JD store: https://item.jd.com/7341428.html#crumb-wrap 

Six Years Old, Smartisan Is Still Exploring, Still Innovating

May 15 was not only the date of Smartisan's latest product launch at the Bird's Nest, it was also the company's sixth birthday. It was on this day six years ago that Smartisan released its first disruptive product, spelling something new not just for Smartisan, but for the whole industry.

Through the last six years of exploration and development, Smartisan has matured, succeeding in product quality and innovation, product line diversification, the buildout of its team, integration of its sales channels, and the expansion of the user experience. And it is using its accelerated growth to evolve. In the smartphone industry, Smartisan has always made the effort to raise the bar for industrial design and user-centered interaction. Even in the toughest moments, it has stayed committed to this, and in a time when smartphones are becoming more homogenized, it has held to a differentiated product strategy so as to better satisfy the needs of users. That is what is behind Smartisan's artisanship, and its courage to explore and innovate.

Within that is Smartisan OS, the most distinctive smartphone OS around, dedicated to enhancing the efficiency of interaction with mobile devices. Throughout the last six years, Smartisan Notes, Big Bang, One Step, Idea Pills, and other productivity enhancements have been hugely popular with users. But mobile devices are only part of it, and when needing to work at a desk, the model is still rooted in the last century. This is why Smartisan OS has adopted an all new interaction model, to challenge the status quo of larger screen devices. TNT Work Station is an important breakthrough, and one of Smartisan's most disruptive products of 2018.

TNT Work Station's Innovative "Touch and Talk" Interaction Model

This history of human-computer interaction has been one of turning from humans adapting to computers, to computers being adapted to humans. And that has taken us through stages centered around manual input, command languages, graphical user interfaces, voice commands, up to multi-channel and multimedia smart interactions. TNT Work Station is based on Smartisan OS's large-screen launcher center, using an innovative "touch and talk" interaction model of both gestures and voice input and command to allow for more truly human interactivity. It redefines human-computer interaction, improving the experience while reducing the burden on the user.

Addressing the current pain points in office software, the TNT Work Station is designed with a "Crystal Ball" feature that is able predict the next likeliest operation based on what a user has already done, and then provide solutions. Crystal Ball can, for instance, recommend photo filters based on an image, make preliminary photo touchups, or anticipate content based on what's already been input into a table.

TNT Work Station also is based on a 4K large screen, providing an all new experience for search and communication. On a practical level, Smartisan also expended incredible effort to redesign and improve the productivity of office, communication, search, and input apps.

On that foundation of high productivity, TNT Work Station will be introducing even more features in the future, fitting even more mainstream office production tools, like image editing, audio editing, and more. Outside of work, TNT Work Station also promises users a better entertainment experience, including the ability to port mobile games like Honor of Kings or PUBG to a large 4K screen, giving users an even more thrilling 3D experience.

Smartisan's Next Generation Flagship R1 Phone Breaks Boundaries and Charts a New Direction

Following the first generation of smartphones, with already ten years of development, the industry has entered a phase of extreme homogeneity. Over just a few years, smartphones have gone through countless iterations, including in performance, screen size and aesthetics, software interactions, and so on. But there has been no real breakthrough. In 2018, the hardware in smartphones is already fully mature, as with R1's Snapdragon 845 processor for powerful performance, 8GB memory for faster processing, and 12 MP and 20 MP dual cameras for better photos. But apart from all that, what else can a smartphone do? With that question, Smartisan made R1 the "next generation phone with the computer of the future inside."

The "next generation" flagship phone is made for the next era, and expands the possibilities of what a flagship phone can do. This is where R1's value lies.

First, it breaks through the limitations of the small screen and redefines the next generation for smartphones. R1's screen is more evolved, allowing for an experience nearer to that of desktop work. With Smartisan OS's large screen version built in, when you connect to the TNT Work Station the phone's launcher screen instantly transforms and becomes dramatically more efficient

Second, it breaks through the limitations of storage. R1 adopts Smartisan's unique Dual UFS patented technology to expand onboard storage up to 1TB. That means more space for your files, and more ways that your phone can be used. At the same time, R1 is the "core" of the TNT Work Station, achieving a system that operates smoothly in both large and small formats, removing the need to sync, and realizing true seamless storage across devices.

R1 is Smartisan's 2018 heavyweight flagship device, a significant new step among flagship product lines following from ceaseless innovation, and it will point the way for future smartphone development.

In a time of increasingly fast iteration of consumer digital products, Smartisan has brought the revolutionary TNT Work Station and R1 to completion after starting development on them just last year. They mark a significant point in the evolution of smart products, and, after six years, a major breakthrough in Smartisan's own growth.

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SOURCE Smartisan

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Grid List

WITHSTANDING HARSH OPERATING CONDITIONS

Hohhot Co., Ltd. operates a pump-storage plant (PSP) in Inner Mongolia, China, that supplements a wind farm and provides peak demand power, supplemental power capacity when production is reduced, and energy storage for stand-by emergency power and frequency regulation.

The operating conditions of the Hohhot PSP are harsh and required a specific design of pump turbines and motor-generators that includes:

Higher stability while operating over a large head range
Ability to withstand load and thermal cycles due to frequent starts and stops
Higher availability to cope with demand from the grid.


OBLIQUE ELEMENTS TO ENHANCE PERFORMANCE

GE installed four reversible, 306 MW Francis pump turbines and motor generator units at the PSP plant, and furnished technical and quality support for the unit equipment.

The motor generator’s upper bracket, rotor spider and stator frame were equipped with patented oblique elements that allow thermal expansion without moving parts, resulting in a maintenance free solution. Since this greatly reduces element fatigue and permits smaller clearances, the generators are more compact, efficient and reliable.

The maintenance-free oblique elements increase generator lifetime and—given their smaller foundation – decrease construction costs.

 

ACHIEVING DESIRED PARAMETERS

The PSP entered commercial operation in 2014 and the customer uses the plant to complement their wind farm production, as well as to provide the electrical network with power for peak demand, supplemental power for periods of reduced production, energy storage for emergency power stand-by and frequency regulation.

Courtesy GE Renewable Energy

· A new approach to electric mobility is needed to stimulate economic growth and reduce carbon emissions, says new Forum report

· Electrified autonomous vehicles will revolutionize urban mobility by reducing travel costs by up to 40% and cut down CO2 marginal emissions to 0

· Generation of new jobs, combined with resulting improvements in air quality, will benefit human health and could result in up to $635 billion of value creation for society by 2030

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