Dubai, United Arab Emirates - Wednesday, 02. October 2024
The Green Mobility Hall at the Water, Energy, Technology and Environment Exhibition (WETEX) hosts leading local and international companies specialising in mobility, transport and green mobility logistics. The Green Mobility Hall highlights the most prominent innovative solutions and practices that use the latest technologies in the individual and public sustainable transport sector. These solutions aim to reduce the operational and infrastructure costs of electric vehicles (EVs), improve energy and resource efficiency in transport and promote the use of hydrogen and low-emission or carbon-free fuels.
Dubai Electricity and Water Authority (DEWA) organises the 26th WETEX from 1 to 3 October 2024 at the Dubai World Trade Centre.
“WETEX supports the National Electric Vehicles Policy, Dubai Green Mobility Strategy 2030 and the UAE's Net Zero 2050 Strategy. It also promotes the UAE’s leading position in the region in the adoption of EVs, as the UAE has one of the highest ratios of charging stations to EVs in the world. WETEX is a global platform to highlight the latest technologies in energy, water and the environment, as well as all the other sectors that contribute towards achieving net zero and reducing greenhouse gas emissions. According to the Sixth Assessment Report of the Intergovernmental Panel on Climate Change, 23% of net global GHG emissions came annually from the transport sector, which generates (8.7 GtCO2-eq). WETEX contributes to achieving national and global climate aspirations to lower the carbon footprint in the transport sector and accelerate climate action,” said HE Saeed Mohammed Al Tayer, MD & CEO of DEWA and Founder and Chairman of WETEX.
“WETEX enhances DEWA's role in encouraging the use of green and sustainable mobility, while strengthening the UAE and Dubai's leadership in sustainable transport across the region. DEWA's EV Green Charger initiative, launched in 2014, led to the creation of the region’s first public charging infrastructure for electric vehicles. The advanced green charging stations infrastructure in Dubai consists of more than 700 in collaboration with stakeholders, including around 400 Green Charging Stations operated by DEWA. This number will increase in the coming years. This includes around 400 Green Charging Stations operated by DEWA,” added Al Tayer.
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Contacts
Shaikha Almheiri
Dubai Electricity and Water Authority
+971552288228
shaikha.almheiri@dewa.gov.ae
Thursday, October 3, 2024
Energy Vault Continues to Execute on Growth Strategy with Ownership of Energy Storage Projects and Launches Project Financing
WESTLAKE VILLAGE, Calif.
Initial project financing for groundbreaking green hydrogen project in Calistoga, CA expected in Q4
Process follows through on initiative first laid out during its May 2024 Investor and Analyst Day to maximize capital efficiency in its ‘Own & Operate’ IPP strategy
Management to accelerate investment strategy and increase potential capital deployment based upon significant proactive inbound investor interest
(BUSINESS WIRE)--Energy Vault Holdings, Inc. (“Energy Vault”) (NYSE: NRGV), a leader in sustainable, grid-scale energy storage solutions, today announced continued progress in executing its growth strategy unveiled during the May 2024 Investor and Analyst Day. The Company is focusing on addressing the largest markets and growth regions, delivering more predictable and recurring revenues, and driving strong growth and profitability.
Key Highlights:
Launching project financing for select U.S. projects, including the Calistoga Resiliency Center – one of the world's largest utility-scale, ultra-long duration energy storage projects under a long-term agreement with PG&E. This first-of-its-kind hybrid hydrogen and battery energy storage system enables a cost-effective, community-scale, fully carbon-free microgrid that has the capability of storing and dispatching clean energy, on demand.
Leveraging existing expertise from delivering 1 GWh of projects across the U.S. in prior 12 months with expansion into Australia following recent project awards and contracts.
Accelerating 'Own & Operate IPP' strategy and increasing capital scale based on strong interest from strategic partners and investors.
Engaged Jefferies to facilitate various capital investment alternatives including project financing, monetization of relevant tax credits, and optimization of capital deployment models.
"Energy Vault continues to execute on our strategic vision, positioning the company at the forefront of the global energy transition," said Robert Piconi, Chairman and Chief Executive Officer of Energy Vault. "As outlined earlier this year, we are progressing project financing for groundbreaking projects like the Calistoga Resiliency Center with PG&E and accelerating the timing and scale of our 'Own & Operate IPP' strategy, positioning Energy Vault to create sustainable, long-term value for our shareholders. Leveraging the depth of our internal engineering, storage technology breadth and project execution expertise to own and operate more assets will help diversify our revenue streams and support our growth, while ensuring we are maximizing our capital efficiency and resources."
Energy Vault's decision to accelerate its 'Own & Operate IPP' strategy comes in response to significant inbound interest from strategic partners and investors. This move is expected to enhance the Company's ability to capitalize organically and inorganically on emerging opportunities in the rapidly evolving energy storage market.
As the Company continues to expand its global footprint, with recent project awards and contracts in Australia complementing its strong presence in the United States and its license-royalty agreements in China and South Africa, Energy Vault is well-positioned to leverage its expertise in delivering large-scale energy storage solutions to meet the growing demand for sustainable grid stability and resilience.
Energy Vault has retained Jefferies LLC to assist the company with its project financing strategy, maximizing the value of available tax credits and optimizing capital deployment models.
About Energy Vault
Energy Vault® develops and deploys utility-scale energy storage solutions designed to transform the world's approach to sustainable energy storage. The Company's comprehensive offerings include proprietary gravity-based storage, battery storage, and green hydrogen energy storage technologies. Each storage solution is supported by the Company’s hardware technology-agnostic energy management system software and integration platform. Unique to the industry, Energy Vault’s innovative technology portfolio delivers customized short-and-long-duration energy storage solutions to help utilities, independent power producers, and large industrial energy users significantly reduce levelized energy costs while maintaining power reliability. Utilizing eco-friendly materials with the ability to integrate waste materials for beneficial reuse, Energy Vault’s G-Vault™ gravity-based energy storage technology is facilitating the shift to a circular economy while accelerating the global clean energy transition for its customers. Please visit www.energyvault.com for more information.
Forward-Looking Statements
This press release includes forward-looking statements that reflect the Company’s current views with respect to, among other things, the Company’s operations and financial performance. Forward-looking statements include information concerning possible or assumed future results of operations, including the Company’s plans to regain compliance with the NYSE’s continued listing standards. These statements often include words such as “anticipate,” “expect,” “suggest,” “plan,” “believe,” “intend,” “project,” “forecast,” “estimates,” “targets,” “projections,” “should,” “could,” “would,” “may,” “might,” “will” and other similar expressions. We base these forward-looking statements or projections on our current expectations, plans, and assumptions, which we have made in light of our experience in our industry, as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances at the time. These forward-looking statements are based on our beliefs, assumptions, and expectations of future performance, taking into account the information currently available to us. These forward-looking statements are only predictions based upon our current expectations and projections about future events. These forward-looking statements involve significant risks and uncertainties that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements, including changes in our strategy, expansion plans, customer opportunities, future operations, future financial position, estimated revenues and losses, projected costs, prospects and plans; the uncertainly of our awards, bookings, backlog and developed pipeline equating to future revenue; the lack of assurance that non-binding letters of intent and other indication of interest can result in binding orders or sales; the possibility of our products to be or alleged to be defective or experience other failures; the implementation, market acceptance and success of our business model and growth strategy; our ability to develop and maintain our brand and reputation; developments and projections relating to our business, our competitors, and industry; the ability of our suppliers to deliver necessary components or raw materials for construction of our energy storage systems in a timely manner; the impact of health epidemics, on our business and the actions we may take in response thereto; our expectations regarding our ability to obtain and maintain intellectual property protection and not infringe on the rights of others; expectations regarding the time during which we will be an emerging growth company under the JOBS Act; our future capital requirements and sources and uses of cash; the international nature of our operations and the impact of war or other hostilities on our business and global markets; our ability to obtain funding for our operations and future growth; our business, expansion plans and opportunities and other important factors discussed under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2023 filed with the SEC on March 13, 2024 and in our Quarterly Report on Form 10-Q for the three months ended June 30, 2024 filed with the SEC on August 6, 2024, as such factors may be updated from time to time in its other filings with the SEC, accessible on the SEC’s website at www.sec.gov. New risks emerge from time to time, and it is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. Any forward-looking statement made by us in this press release speaks only as of the date of this press release and is expressly qualified in its entirety by the cautionary statements included in this press release. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable laws. You should not place undue reliance on our forward-looking statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241002857490/en/
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https://www.aetoswire.com/en/news/20241002857490r1en
Contacts
Investors:
energyvaultIR@icrinc.com
Media:
media@energyvault.com
Cambridge International Education to launch digital examinations in June 2026
CAMBRIDGE, England
(BUSINESS WIRE)--The International Education group of Cambridge University Press & Assessment (Cambridge) today announced the launch of digital examinations in June 2026. Students at schools in Europe, Middle East and North Africa and the US will have the opportunity to take the Cambridge International AS English General Paper and multiple choice questions in Cambridge IGCSE Accounting, Economics, Biology, Chemistry and Physics on laptops. These exams will meet the same validity, reliability and comparability standards as Cambridge’s paper-based exams and mark the start of Cambridge’s global rollout of digital exams across its full Cambridge IGCSE, AS and A level curricula.
Schools in some regions are now being invited to enrol for this first phase of the digital rollout. They will participate in an Early Adopter Programme which will give them exclusive access to Cambridge’s innovative digital examination platform. Through the programme, schools and students will take part in digital mock tests, familiarisation sessions, and testing of new platform functionalities and support materials to enhance the user experience. Cambridge will gather feedback from participating schools to help refine and enhance its digital platform.
A new era of digital examinations
Cambridge’s digital approach is education-led, so that examinations prove and improve learning. As such, we will use technology to improve accessibility, relevance and – ultimately – learning. Our transition to digital exams will take two forms:
Migratory. The digital exams scheduled for June 2026 will be a migration of existing paper-based exams to digital formats with minimal change to curricula, type of assessment, or teaching methods.
Transformational. We are developing new curricula and forms of examination to deliver assessment in a way that has not been possible on paper. Assessments will be redesigned to support teaching and learning aligned to higher education and workplace skills, based on a competency-based curriculum that harnesses collaboration, online research, data and communication skills, for example.
We are drawing on feedback from our school community, on our research, and our examinations expertise to determine which approach to use for each of our qualifications. By 2033, 85% of Cambridge’s high-stakes qualifications will have a digital option.
Rod Smith, Group Managing Director for International Education at Cambridge, said: “Our world has become digitised, and education is no exception. Cambridge International Education provides qualifications to nearly one million students globally every year. Drawing on insights from this community, we have an unrivalled depth of research that will allow us to deliver the optimal form of digital exams to support and assess learning.”
Digital Mocks Service
Beyond the Early Adopter Programme, Cambridge schools have the opportunity to participate in our Digital Mocks Service which is now open for Expressions of Interest from January - March 2025. This service not only helps schools prepare operationally for digital exams of the future, but also returns mock exam results both auto marked and marked by Cambridge examiners so that teachers and learners get detailed results showing each student’s marks, informing them where to focus revision. Since our Digital Mocks Service was launched in 2023, students in 31 countries have taken our digital mock exams in 16 subjects across Cambridge IGCSE and AS & A Level.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240930936487/en/
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https://www.aetoswire.com/en/news/20240930936487r1
Contacts
Karen.Birmingham@cambridge.org
Middle Eastern Designers Set to Shine at Moscow Fashion Week
Moscow, Russia - Wednesday, 02. October 2024
Middle Eastern fashion has taken the world by storm, and Moscow Fashion Week, an accelerator for emerging brands, is set to be a major platform for showcasing the region's rising talent. The event, taking place from October 4th to 9th, will feature over 120 designers, including the renowned Emirati brand ANGELO ESTERA. Known for creating stunning garments for royalty and celebrities, the brand will unveil their latest collection alongside a diverse group of talented designers.
ANGELO ESTERA's new collection, "Elysian Blooms," embodies the essence of Emirati style with its intricate embroidery, luxurious fabrics, and exquisite tailoring. The designer recognizes Moscow Fashion Week as a vital platform for building the international presence. "It is important to showcase at Moscow Fashion Week as it is the gateway to present our brand to the luxury designer market in Russia," Angelo Estera says.
Moscow Fashion Week is a launchpad for emerging brands to connect with the global fashion community and make their mark on the international stage. This year, the event will also highlight the growing trend of modest fashion, which has gained a strong following in Russia. SPONTA, a young brand, will present a collection that blends modern style with traditional craftsmanship, incorporating national ornaments and drawing inspiration from the designer's heritage. ZUHAT, a regular participant at Moscow Fashion Week, will showcase a unique fusion of traditional Kaytag embroidery with modern deconstructed silhouettes. Measure, hailing from Dagestan, a region in Russia, skillfully intertwines local traditions with contemporary trends.
Moscow Fashion Week is held in parallel with the BRICS+ Fashion Summit, a major international event with delegations from over 100 countries. Designers from the region will be prominent at the Summit, showcasing their unique talents and crafts. Eman Al Ahmed from Jordan will present the traditional embroidery, PAZ-Cairo from Egypt will showcase contemporary caftans infused with traditional craft techniques, and aadima from Qatar will demonstrate the artistry of modest fashion.
Moscow Fashion Week promises to be a celebration of global fashion, showcasing the diverse talent and rich cultural heritage of designers from the Middle East and beyond.
Permalink
https://www.aetoswire.com/en/news/mfw21020240eng
Contacts
Ann Reinhold
Email: info@globaltalents.digital
Wednesday, October 2, 2024
PUMA Explores Leather vs Vegan Leather With Global Goals Ambassador
HERZOGENAURACH, Germany - Wednesday, 02. October 2024 AETOSWire Print
PUMA invites Gen Z audiences to join the conversation around one of fashion's biggest material debates
(BUSINESS WIRE)--In response to growing consumer demand for greater transparency from the fashion industry, PUMA launches #KnowYourStuff, an educational content series which delves into one of today’s most debated fashion topics - leather vs vegan leather – and the environmental impact of both.
Created in collaboration with Aishwarya Sharma, one of PUMA’s ‘Voices’ and Global Goals Ambassador, #KnowYourStuff translates the complexities and progressions around the use of leather and its alternatives. Available to view on PUMA YouTube and Aishwarya’s Instagram platform from today, the seven episode story will roll out over the next two weeks.
"By openly discussing the complexities of the materials used in our products, like leather and its alternatives, we hope to foster a more informed and balanced conversation about sustainable clothing and footwear choices, which is essential for driving positive change,” said Anne-Laure Descours, Chief Sourcing Officer at PUMA. “The #KnowYourStuff series is a testament to our commitment of transparency and our promise made during our Conference of the People event to include the next generation as part of these important discussions."
#KnowYourStuff forms part of PUMA’s commitment and actions for greater transparency in sustainability, in which Aishwarya is one of four Voices of a RE:GENERATION enlisted by PUMA to help translate sustainability in a way that engages the next generation.
"My goal with #KnowYourStuff is to educate and empower my audience and young people worldwide,” said Aishwarya Sharma. “Sustainability can be complex and the leather topic is embedded with sensitive themes, so I’ve taken care in making sure this is approached in an open and transparent way that inspires people to become informed about the materials they choose to wear.”
From visiting the PUMA Archive to witnessing behind the scenes leather processing first-hand in Thailand, Aishwarya reports back on her fact-finding mission, encouraging audiences to #KnowYourStuff. Along her journey, Aishwarya navigates different perspectives surrounding leather with guests, including leading PUMA stakeholders and PETA (People for the Ethical Treatment of Animals). Key conversations include animal welfare and the use of leather as a byproduct of the beef industry, cattle farming and concerns around deforestation, the leather tanning process, new material innovations and industry challenges.
While PUMA has a long history with leather, dating back to the 1950s, today, leather accounts for approximately 4% of its footwear materials. PUMA’s 10For25 targets include sourcing 100% leather from certified sources and today the brand works with third parties, such as Leather Working Group, to ensure all leather is sourced from certified tanneries. Additionally, PUMA consults animal protection organisations on a regular basis to review its animal welfare policy and actions.
To watch the first episode of #KnowYourStuff visit PUMA’s YouTube or follow Aishwarya’s Instagram channel @figuramoda.
Visit https://foreverbetter.com/en to learn more.
Notes to Editors:
#KnowYourStuff Episode Synopsis
Episode 1 – Get Ready With Me To #KnowYourStuff – live 02 October 2024
Introduction to the series and Aishwarya’s journey to unpack the conversation around leather vs vegan leather
Episode 2 – Leather: The Pros and Cons – live 07 October 2024
A discussion with Frank Schmidt, Director of Corporate Responsibility (PETA) and Veronique Rochet Senior Director Sustainability (PUMA), understanding the facts, advantages and disadvantages of leather and leather alternatives
Highlighting leather as a byproduct of beef production, animal welfare considerations and addressing deforestation concerns
Episode 3 – PUMA Ever Evolving – live, 09 October 2024
Aishwarya visits PUMA HQ and speaks with Romain Girard, Vice President Innovation and Ulrich Planer, Lead PUMA archive
Discussions unpack the historical leather products used by PUMA in the past
Episode 4 – The Chemicals of Leather – live, 11 October 2024
Aishwarya heads to a leather tannery in Thailand to explore the leather tanning process
Aishwarya explores chemical use in leather production
Episode 5 – What about the Water – live, 14 October 2024
Aishwarya continues her journey at the leather tannery and learns about water and wastewater treatment in leather production
Episode 6 – The Alternatives – live 16 October 2024
Aishwarya returns to PUMA HQ following her discoveries at the leather tannery
Aishwarya speaks with Romain Girard, Vice President Innovation at PUMA, on the leather alternatives that PUMA have explored in the past
Episode 7 – Do You #KnowYourStuff – live 18 October 2024
Aishwarya heads home and wraps up the series by summarising her journey
Aishwarya asks her audience to share what they’ve learnt, with the chance to win a pair of PUMA RE:SUEDE shoes
PUMA
PUMA is one of the world’s leading sports brands, designing, developing, selling and marketing footwear, apparel and accessories. For 75 years, PUMA has relentlessly pushed sport and culture forward by creating fast products for the world’s fastest athletes. PUMA offers performance and sport-inspired lifestyle products in categories such as Football, Running and Training, Basketball, Golf, and Motorsports. It collaborates with renowned designers and brands to bring sport influences into street culture and fashion. The PUMA Group owns the brands PUMA, Cobra Golf and stichd. The company distributes its products in more than 120 countries, employs about 20,000 people worldwide, and is headquartered in Herzogenaurach/Germany.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241002636284/en/
Permalink
https://www.aetoswire.com/en/news/2102024418766
Contacts
Media contact: Samantha.duplessis@puma.com
SLB Announces Third-Quarter 2024 Results Conference Call
(BUSINESS WIRE)--SLB (NYSE: SLB) will hold a conference call on October 18, 2024, to discuss the results for the third quarter ending September 30, 2024.
The conference call is scheduled to begin at 9:30 am US Eastern time and a press release regarding the results will be issued at 7:00 am US Eastern time.
To access the conference call, listeners should contact the Conference Call Operator at +1 (844) 721-7241 within North America or +1 (409) 207-6955 outside of North America approximately 10 minutes prior to the start of the call and the access code is 8858313.
A webcast of the conference call will be broadcast simultaneously at www.slb.com/irwebcast on a listen-only basis. Listeners should log in 15 minutes prior to the start of the call to test their browsers and register for the webcast. Following the end of the conference call, a replay will be available at www.slb.com/irwebcast until November 18, 2024, and can be accessed by dialing +1 (866) 207-1041 within North America or +1 (402) 970-0847 outside of North America and giving the access code 8893594.
About SLB
SLB (NYSE: SLB) is a global technology company that drives energy innovation for a balanced planet. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at slb.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240924753300/en/
Contacts
Investors
James R McDonald
SVP of Investor Relations & Industry Affairs
Joy V. Domingo
Director of Investor Relations
Tel: +1 (713) 375-3535
Email: investor-relations@slb.com
Media
Moira Duff
Director of External Communications
Tel: +1 (713) 375-3407
Email: media@slb.com
CEOs Say They Are Ready to Lead Beyond Business
Egon Zehnder’s 2024 survey reveals that a majority of chief executives feel a responsibility to help solve societal problems
(BUSINESS WIRE)--Egon Zehnder, the world's preeminent executive search and leadership advisory firm, today released the results of its latest Global CEO Survey at the Berlin Global Dialogue, which is taking place under the theme "Building Common Ground."
The survey, which polled more than 470 CEOs from around the world, highlights the unprecedented changes business leaders foresee in the coming decade and, more importantly, their responsibility in addressing complex global challenges:
- 95% of CEOs expect significant, systemic shifts in the economy, geopolitics, energy and technology over the next decade.
- 80% of CEOs acknowledge an expanded role beyond leading their companies, positioning themselves as key players in shaping new societal realities.
The majority of CEOs also believe they can find common ground with other stakeholders, with climate change emerging as the top priority (32%), followed by regulating AI (30%) and promoting a fairer global economy (13%).
"Political shifts, including the concerning rise of right-winged movements, are increasingly relevant to CEOs. Promoting dialogue between leaders from business and politics is hence more crucial than ever," said Lars-Hendrik Röller, Founder and Chair of the Berlin Global Dialogue.
When asked about the importance of adaptive skills for the future, CEOs prioritized “cultivating a culture of openness and curiosity” (99%).
"CEOs are embracing a new era of leadership," said Michael Ensser, Global Chair of Egon Zehnder. "They are positioning themselves as key architects of societal progress. As complexity increases, they recognize that fostering curiosity and openness within their organisations will be critical to meeting the challenges ahead."
The full report "The CEO Response" is available for download at: https://www.egonzehnder.com/the-ceo-response
About the Berlin Global Dialogue
The Berlin Global Dialogue unites leaders from business, policy, and academia to develop joint solutions for the most pressing challenges impacting the global economy. Established in 2022, it emerged from the economic, political, and social realities of the twenty-first century. Founded with the mission to strengthen the dialogue between different stakeholders, the annual summit convenes select high-level participants for candid, eye-level exchanges in interactive formats that highlight diverse perspectives and facilitate cross-disciplinary collaboration. Berlin Global Dialogue is embedded in ESMT Berlin, one of Germany’s leading business schools.
https://www.berlinglobaldialogue.org/
About Egon Zehnder
Egon Zehnder is the world’s preeminent leadership advisory firm, inspiring leaders to navigate complex questions with human answers. We help organizations get to the heart of their leadership challenges and offer honest feedback and insights to help leaders realize their true being and purpose.
We are built on a foundation that supports partnership in the truest sense of the word and aligns our interests with those of our clients. Our 600 consultants across 65 offices and 36 countries are former industry and functional leaders who collaborate seamlessly across geographies, industries and functions to deliver the full power of the Firm to every client, every time.
We partner closely with public and private corporations, family-owned enterprises, and non-profit and government agencies to provide executive search, leadership solutions, CEO search and succession, board advisory, and diversity, equity & inclusion.
Our services include discovering leaders, developing leadership, advancing governance, shaping successions and unlocking transformations. We partner with Mobius Executive Leadership to offer highly experiential, personalized and transformational programs for senior leaders.
We believe that together we can transform people, organizations and the world through leadership.
For more information, visit www.egonzehnder.com and follow us on LinkedIn and X.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240930913921/en/
Contacts
Media Relations:
Klara Schroeder, Berlin Global Dialogue, Berlin, klara.schroeder@esmt.org
Stacy Drumtra, Egon Zehnder, Chicago, stacy.drumtra@egonzehnder.com
Martin Klusmann, Egon Zehnder, Berlin, martin.klusmann@egonzehnder.com
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