Day: September 25, 2024

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REVO ZERO and Grupo Édora join forces to accelerate the green hydrogen revolution

This strategic partnership will expedite the deployment of a first-of-its-kind green hydrogen refueling network across the U.S. and Europe.

REVO ZERO and Édora sign agreement.

Harry Hobbs, Global Business Advisor and Board Member at REVO ZERO, Rafael Martín, CEO of Grupo Édora, and Ruben Creus, CEO and Founder at REVO ZERO, sign the agreement.

HERNDON, VIRGINIA, Sept. 25, 2024 (GLOBE NEWSWIRE) — REVO ZERO Corporation, a zero-emissions technology company, and Grupo Édora, a leading European renewable energy developer, announce Grupo Édora’s strategic investment in REVO ZERO to accelerate the deployment of a green hydrogen generation and refueling network in the United States and Europe.

Under the terms of this strategic investment, Grupo Édora has acquired a stake in REVO ZERO, and the two companies will collaborate on developing, financing, and deploying green hydrogen projects globally. REVO ZERO’s innovative modular approach to hydrogen generation and dispensing and Grupo Édora’s renewable energy infrastructure expertise will accelerate the roll-out of a first-of-its-kind hydrogen refueling network in the United States and Europe. The deployment of scalable green hydrogen technology will significantly reduce the cost of generating, transporting, and supplying hydrogen for the transportation industry.

“We are excited to partner with Grupo Édora,” said Ruben G. Creus, CEO of REVO ZERO. “Their experience in renewable energy development and commitment to sustainability makes them the perfect strategic partner for us to achieve our goals. This partnership will enable us to create the first private global hydrogen refueling network quickly and economically.”

“This strategic investment in REVO ZERO will advance Grupo Édora’s international expansion into the United States,” Rafael Martín, CEO of Grupo Édora, said. “We are already evaluating multiple solar projects in the southern corridor of the United States, from Florida to New Mexico, that will produce green energy for hydrogen generation and energy storage.”

The partnership will accelerate the deployment of hydrogen infrastructure for commercial closed-loop environments like airports, municipalities, and universities and will eventually serve the consumer market by providing public access to green hydrogen refueling. The network deployment will set the stage for REVO ZERO to deploy its proprietary pFC Technology vehicles, which utilize a plug-in battery and hydrogen fuel cell to achieve a range of up to 700 miles and refuel time of around 7 minutes.

In addition, Martín, a vehicle enthusiast and owner of one of the most impressive exotic vehicle collections in Europe, is joining the REVO ZERO vehicle engineering team as a special advisor. Martín’s input will be invaluable in helping REVO ZERO shape the future of the zero-emissions automobile industry.

This partnership is a significant milestone in making green hydrogen a reality for the transportation industry. The two companies are well-positioned to lead the way in this emerging industry, and their partnership will help accelerate the transition to a cleaner, more sustainable future.

Attachment

Savannah White
Communications Director
savannah.white@revozero.com
www.revozero.com

GlobeNewswire Distribution ID 9236461

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Montana Technologies Establishes International Office in the United Arab Emirates

Company to showcase transformational AirJoule® technology at the Water, Energy, Technology, and Environment Exhibition (WETEX) in Dubai

RONAN, Mont., Sept. 25, 2024 (GLOBE NEWSWIRE) — Montana Technologies Corporation (NASDAQ: AIRJ) (“Montana Technologies” or the “Company”), the developer of the transformational AirJoule® technology for atmospheric water generation, today announced that it has established its first international office in the United Arab Emirates (“UAE”) to accelerate the deployment of AirJoule® in the region.

“Establishing an office in the UAE will help us to efficiently address the significant demand for AirJoule®’s advanced dehumidification and atmospheric water harvesting capabilities from potential customers in the fast-growing markets of the UAE, the Gulf Cooperation Council countries, and India. Our UAE presence also bolsters the Company’s efforts to strategically calibrate the rollout of our transformative technology globally,” said Ramdas Rao, President, International of Montana Technologies who heads this new office.

“AirJoule®’s market-leading efficiency when delivering distributed water security and power-efficient comfort cooling is our key differentiator and has the potential to support responsible decarbonization while supporting this region’s rapid development trajectory and critical infrastructure growth. The UAE government leadership is very proactive in attracting and supporting the growth of cutting-edge technologies that enable sustainable development. We look forward to working closely with our local and strategic partners and using the UAE as a hub to fine-tune our international go-to-market strategies, thereby further catalyzing sustainable development for communities here and around the world,” Mr. Rao added.

Montana Technologies previously announced the signing of a Memorandum of Understanding with TenX Investment in Energy Enterprises & Management Co. LLC to address water security and energy efficiency opportunities in the UAE.

Pat Eilers, Executive Chairman of Montana Technologies, said, “UAE’s Vision 2030 places a strong emphasis on water security as one of the critical aspects of its sustainable development goals. The deployment of AirJoule®’s industry-leading capabilities for water harvesting is expected to meaningfully contribute to efforts by the UAE government and corporations to strengthen water security. We are excited to be expanding our presence in the country and bolstering our global reach with the establishment of our international office.”

In conjunction with establishing its international office, Montana Technologies will showcase AirJoule® at the WETEX conference in Dubai on October 1-3. Organized by the Dubai Electricity and Water Authority, WETEX provides a platform to display technological advancements in energy, water and natural resources in support of Dubai’s vision to build a sustainable future. The Company encourages WETEX attendees to visit its exhibition booth (Booth #7-F2) to see a demonstration AirJoule® unit and to meet the Company’s senior executives.

As the most advanced dehumidification and water harvesting technology in the market, AirJoule® can harvest water directly from the air to mitigate water scarcity. AirJoule® can also be paired with vapor compression refrigeration systems to reduce power consumption for air conditioning by up to 75%.

About Montana Technologies Corporation

Montana Technologies Corporation (NASDAQ: AIRJ) is the developer of AirJoule®, an atmospheric thermal energy and water harvesting technology that provides efficient and sustainable air dehumidification and pure water from air. Designed to reduce energy consumption and generate material cost efficiencies, AirJoule® is being commercialized through a joint venture with GE Vernova and through partnerships with Carrier Global Corporation and BASF. For more information, visit www.mt.energy.

Forward-Looking Statements

The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release are forward-looking statements. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and, except as required by law, does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

Contacts

Montana Technologies Corporation
Tom Divine – Vice President, Investor Relations and Finance
investors@mt.energy

GlobeNewswire Distribution ID 9236360

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Hong Kong-Spain: Unlocking Boundless Opportunities, Partnering for Success

HONG KONG SAR – Media OutReach Newswire – 25 September 2024 – Hong Kong’s vibrant economy and strategic location offer boundless opportunities for European firms. Starting in Spain, a delegation led by Hong Kong’s Financial Secretary Paul Chan, is visiting Madrid (September 22-25, 2024) and London (September 25-28, 2024) to promote Hong Kong’s advantages, in particular the city’s burgeoning innovation and technology ecosystem.

In a keynote speech to Spanish business, financial, I&T leaders during a business luncheon, Mr Chan pointed out that with the singular advantages under the “one country, two systems” principle, Hong Kong was solidifying its role as a “super-connector” linking Mainland China to the rest of the world. Mr Chan welcomed Spanish enterprises to use Hong Kong as a springboard to tap into the vast markets of the Guangdong-Hong Kong-Macao Greater Bay Area, Mainland China and broader Asia.

Hong Kong’s vibrant economy and strategic location continue to make it a leading business centre, fostering innovation and connecting international markets.

“We are the only jurisdiction in China practising the common law system, our judiciary exercising its powers independently. Information, capital, goods and people flow freely in and out of our city. Our taxes are low and simple, with a currency pegged to the US dollar. Our regulatory systems and professional services align with the best international standards,” Mr Chan said.

Highlighting Hong Kong’s full spectrum of fund-raising and financial services, Mr Chan also pointed out that Hong Kong was a leader in green finance in Asia with its green standards compatible with those of the European Union. At the same time, Hong Kong’s burgeoning I&T ecosystem can collaborate with Spain’s tech ecosystem across key sectors such as artificial intelligence, biotechnology, fintech and new energy and new materials.

Hong Kong’s Financial Secretary, Mr Paul Chan (right), joins a dialogue session with Professor Pedro Nueno of the Business School of IE University of Spain.

The Hong Kong delegation engaged with relevant institutions and members of Spanish venture capital funds and I&T circles to seek co-operation opportunities. With the fruitful results in Madrid, Mr Chan’s next stop is London.

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Report: The terrifying scenario for Israel’s economy


Bethlehem-Ma’an-The British magazine “The Economist” said that the nightmare scenario for the Israeli economy is a comprehensive war with Hezbollah, stressing that economic policy makers are more concerned about the beginning of the conflict.



The magazine reported that the Israeli economy should have been on the road to recovery, after all, many of the 300,000 workers who left their jobs to fight returned to offices, factories and farms. Instead, the difficult situation has become more acute than ever.



‘The nightmare scenario for Israel is a conflict that could reach Jerusalem and Tel Aviv, the country’s commercial hubs. But even a less intense war in which fighting is limited to the north of the country could be enough to upend its economy,’ she said, adding that ‘a government that pursues a policy of free spending is not helping matters.’



‘The deficit is now expected to reach 8.1% of GDP this year, nearly three times what was expected before the war,’ she said, noting that ‘investors are uncertain about Israel’s ability to recover. The shekel is volatile, Israeli banks are experiencing capital flight, and the three largest banks are reporting a significant increase in the number of customers asking to transfer their savings to other countries or to link them to the dollar.’



‘Although inflation remains above target, the central bank chose to hold its previous policy rate at its August policy meeting, fearing it would derail the recovery,’ she added. ‘Then there is the nightmare scenario, where a few investors are preparing for a war that could engulf all of Israel, including Jerusalem or Tel Aviv, although Hezbollah may be able to launch such an attack.’



‘Under such a scenario, economic growth will be severely damaged, perhaps more severely than it was after October 7. Military expenditures will rise, and investor flight will likely topple the banks and push the shekel lower, forcing the Bank of Israel to intervene and spend its reserves. Whatever happens, Israeli economists are resigned to things getting worse,’ she stressed.





Source: Maan News Agency



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Foreign Minister meets with Kenyan counterpart

Manama, Dr. Abdullatif bin Rashid Al Zayani, the Minister of Foreign Affairs, met Musalia Mudavadi, the Prime Cabinet Secretary and Cabinet Secretary for Foreign and Diaspora Affairs of Kenya, at the United Nations Headquarters in New York with, on the sidelines of the 79th session of the United Nations General Assembly.

The ministers discussed the course of solid relations between the two countries, ways to develop aspects of bilateral cooperation in various fields and enhance joint coordination and exchange of support in international forums, in the service of common interests.

Views were also exchanged on the latest regional developments and current developments in the Middle East and the African continent, the war on the Gaza Strip, and Arab and international efforts aimed at reaching a permanent ceasefire, protecting civilians and civil dignitaries, and delivering humanitarian aid to the civilian population without hindrance.

The meeting was also attended by Ambassador Jamal Fares Al Rowaiei, Bahrain
‘s Permanent Representative to the UN, and Shaikh Abdullah bin Ali Al Khalifa, Director General of Bilateral Relations.

Source: Bahrain News Agency

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Foreign Minister participates in GCC-US joint ministerial meeting

New York, Dr. Abdullatif bin Rashid Al Zayani, Minister of Foreign Affairs, participated in the joint ministerial meeting between the Foreign Ministers of the Gulf Cooperation Council (GCC) and the United States of America on the sidelines of the 79th session of the United Nations General Assembly.

The meeting was co-chaired by Sheikh Mohammed bin Abdulrahman Al Thani, the Prime Minister, Minister of Foreign Affairs of Qatar and Chairman of the current session of the Ministerial Council, and Antony Blinken, United States Secretary of State.

Jassim Mohammed Albudaiwi, GCC Secretary General, was present.

The meeting discussed ways to promote cooperation and strategic partnership between the GCC countries and the US in various fields, and to further develop joint coordination to meet the aspirations of both sides.

The ministers also reviewed regional and international developments and ways to intensify cooperation to address various challenges that threaten regional and international peace and security.

Th
e meeting discussed the latest developments in the region, including the escalation of the war on Gaza, and the intensity of the conflict. It also reviewed Arab and international efforts at all levels aimed at achieving a permanent ceasefire, protecting civilians and civilian infrastructure, securing the release of hostages and detainees, facilitating the delivery of humanitarian aid and relief to the civilian population, and advancing peace efforts in the Middle East.

Shaikh Abdullah bin Rashid Al Khalifa, Bahraini Ambassador to US, and Ambassador Shaikh Abdullah bin Ali Al Khalifa, the Director General of Bilateral Relations, attended the meeting.

Source: Bahrain News Agency

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SCH Chairman attends press conference for Bahrain Diabetes and Obesity Conference

Manama, Lieutenant General Dr. Shaikh Mohammed bin Abdullah Al Khalifa, Chairman of the Supreme Council of Health (SCH), attended the press conference announcing the Bahrain Diabetes and Obesity Conference.

The conference will be held on November 20-21, under the theme “Diabetes and Quality of Life”. The event will feature international experts from the GCC, Middle East, and North Africa.

The conference, under the patronage of Her Royal Highness Princess Sabeeka bint Ibrahim Al Khalifa, Consort of His Majesty the King and President of the Supreme Council for Women (SCW), will include sessions on diabetes and women’s health, and workshops for school supervisors and community members, as part of Bahrain’s November diabetes awareness programmes.

Speaking at the press conference, Dr. Lolwa Showaiter, the Health Minister Undersecretary, said the conference will highlight health services offered by the ministry in this area, as part of the comprehensive health care system.

Government Hospitals CEO Dr. Maryam A
l Jalahma said that statistics from 2023 indicate that women and children account for 24% of diabetic hospital admissions, with women representing 48% of outpatient treatments. Additionally, 14% of women receiving prenatal care were diagnosed with diabetes.

Efforts are being made to provide 160 insulin pumps in public hospitals for children and adults, as well as through other civil institutions, she added.

Dr. Dalal Al Rumaihi, Endocrinologist at Awali Hospital, explained that the conference will address various topics related to diabetes, including women’s health, obesity and heart health, child health and mental health. The event will also feature an exhibition with strategic partners, sponsors, and civil society institutions.

She noted that the conference aims to update healthcare professionals on the latest developments in diabetes and obesity care, focus on women’s health, involve decision-makers in discussions, and promote scientific research in Bahrain.

Colonel Dr. Feryal Ali, Endocrinology Consul
tant at the Royal Medical Services, underscored the commitment to treating and managing diabetes, particularly during and after pregnancy, and providing care for type 1 and type 2 diabetes and related complications.

Source: Bahrain News Agency

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Social Development Minister opens first Gulf Youth Forum on Social Responsibility

Manama, Osama bin Ahmed Khalaf Al Asfoor, the Minister of Social Development, opened the first Gulf Youth Forum on Social Responsibility, attended by Rawaan bint Najeeb Tawfiqi, the Minister of Youth Affairs.

The forum was organised by the Bahrain Corporate Social Responsibility (CSR) Society, with participation from various relevant institutions and social figures.

Al Asfoor highlighted the important role of civil society institutions as key partners in national efforts, praising the community initiatives undertaken by this developmental sector.

He said that the forum serves as a platform for constructive dialogue and the exchange of ideas on how to enhance youth engagement in social responsibility, aiming to create opportunities for them to support sustainability and social and economic development. He emphasised the ministry’s commitment to fostering effective partnerships across all sectors to advance national development projects for the benefit of the community.

The forum aims to promote the concep
t of social responsibility among youth, highlighting its indicators, developmental priorities, and practices that contribute to sustainable development within a community partnership framework. The agenda included several key topics, such as training programmes in social fields, developmental and community initiatives, leadership development for young people, and innovation in social responsibility.

Source: Bahrain News Agency

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Speaker attends forum on special needs integration in education

Manama, Ahmed bin Salman Al Musallam, Speaker of the Council of Representatives, attended the opening of the second forum for people with special needs.

The forum is organised by Ahlia University under the theme “Integrating Students with Special Needs into Higher Education.”

Osama bin Ahmed Khalaf Al Asfoor, Minister of Social Development, members of the Shura Council and the Council of Representatives, as well as professors, researchers, executives, and members of Ahlia University, attended the event.

The forum focused on three key topics: scientific projects and successful experiences in integrating people with special needs into the educational process, preparing teachers and administrators to support students with special needs, and policies for integrating students with special needs into institutes and universities.

Source: Bahrain News Agency

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Oil Minister meets with Executive Secretary of UN Framework Convention on Climate Change

New York, Dr. Mohammed bin Mubarak Bin Dainah, the Minister of Oil and Environment and Special Envoy for Climate Affairs, met with Simon Stiell, the Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC), on the sidelines of the 79th UN General Assembly in New York.

The minister praised the UNFCCC’s efforts in climate action and aligning international positions to achieve climate security and sustainable development goals, reaffirming the Kingdom’s commitment to the UNFCCC.

They discussed Bahrain’s preparations for the 2024 UN Climate Change Conference (UNFCCC COP29), to be held in Baku, Azerbaijan, and reviewed the Kingdom’s efforts in carbon emission reduction and climate adaptation, as well as ways to enhance cooperation with the UNFCCC and countries party to the convention.

Source: Bahrain News Agency