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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Mawhiba Marks 94th National Day, Showcases Achievements

King Abdulaziz and His Companions Foundation for Giftedness and Creativity (Mawhiba) celebrated the Kingdom’s 94th National Day with a series of activities attended by foundation Acting Secretary General Dr. Khaled Al-Sharif and members.

Al-Sharif highlighted the significant strides Mawhiba made in identifying and nurturing talented individuals, and reaching a broad spectrum of students in different regions of the Kingdom, and the foundation’s programs, successes, and achievements during the current year.

Source: Saudi Press 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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General Authority for the Affairs of the Two Holy Mosques Uses Advanced Techniques to Handle Zamzam Water

The General Authority for the Care of the Affairs of the Two Holy Mosques is using advanced methods to manage the storage, purification, and distribution of Zamzam water from the sacred well in Makkah.

The process involves utilizing tanks constructed with reinforced concrete, with a capacity of 5,000 cubic meters, to store the water, which then undergoes purification at a specialized plant where it is meticulously filtered and treated to achieve a high level of purity and sterilization using a filtration system. Subsequently, the purified water is conveyed to two Zamzam water tanks, capable of holding 10,000 cubic meters, and to the King Abdulaziz Sabil (public drinking fountain) for distribution.

Zamzam water from the tanks is distributed to the Grand Mosque, while water from King Abdulaziz Sabil is directed to the Prophet’s Mosque. After undergoing additional purification with ultraviolet light, the water is bottled into 5-liter containers at the production plant. It is then transported through stainless
steel pipes to cooling stations located around the Grand Mosque.

At every stage of the process, Zamzam water undergoes rigorous testing to ensure it meets the highest standards of purity. Samples are taken and analyzed to verify that the water is free from contaminants. The testing process involves physical examination: visual inspection to ensure the sample is free from visible impurities; chemical analysis: using specialized equipment, all compounds in the water are analyzed and compared to set standards and specifications; bacteriological analysis: the water is tested using specific media to cultivate and identify bacteria and microbes; and advanced laboratory techniques: highly specialized equipment is used for comprehensive water testing, including chlorine analyzers for immediate chlorine testing, pH meters for measuring acidity and alkalinity, and instruments for analyzing all water compounds and elements.

The Grand Mosque is supplied with over 1.25 million liters of Zamzam water daily from the King
Abdullah bin Abdulaziz Project for Zamzam Water Distribution. To meet the high demand, the authority has implemented a large-scale distribution system involving over 30,000 containers, 300 mobile units, and 80 smart carts, all operated by a workforce of some 1,030 individuals.

Source: Saudi Press 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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Saudi Arabian Cultural Mission Celebrates National Day in the US

The Saudi Arabian Cultural Mission to the US marked the Kingdom’s 94th National Day with a lively celebration at King Abdullah Academy in Virginia.

The event was attended by Saudi Ambassador to the US Princess Reema bint Bandar bin Sultan bin Abdulaziz and Minister of Education Yousef Al-Benyan.

The festivities included an array of national events, including the traditional Saudi Ardha dance, and an exhibition showcasing the Kingdom’s rich cultural heritage, and which further enriched the celebratory atmosphere.

A heritage tent and a display of handmade crafts, including pottery, traditional inscription murals, and fashion, provided attendees with a glimpse into the Kingdom’s cultural heritage.

Source: Saudi Press 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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Al-Turath Foundation Launches ‘King Salman’ Book, an Homage to the King’s Dedication to the Nation’s Stability and Development

Al-Turath Foundation yesterday launched the book “King Salman”, coinciding with the 94th National Day celebration.

The launch ceremony was attended by Prince Sultan bin Salman bin Abdulaziz, special advisor to the Custodian of the Two Holy Mosques, founder and chairman of Al-Turath Foundation, a non-profit organization. Also attending the event at King Abdulaziz Center for World Culture (Ithra) in Dhahran were President and CEO of Saudi Aramco Eng. Amin H. Nasser and a large number of guests.

In his speech on this occasion, Prince Sultan said that Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud was the first to review the book, its photographs, and the information included in this important publication. He added that the book was launched on National Day to pay a well-deserved tribute to King Salman who has dedicated his life to serving the nation. King Salman lives with and among the people, interacting with all segments of society, as citizens would visit his office daily at Al-Hukm P
alace in Riyadh.

Prince Sultan stressed that since the beginning of King Salman’s reign, he has tirelessly worked to ensure the security, stability, and development of the nation. He worked with diligence, determination, and courage to overcome any obstacles that stood in his or the nation’s path and march toward progress.

The prince said that the book highlights aspects of King Salman’s social and humanitarian life, his dedication to the nation’s stability and development, and his unwavering determination to defend the country whenever it was threatened.

Prince Sultan praised the King’s exemplary relation with the people, noting that his doors are always open and that it is his love for the people that defines this special bond.

He highlighted the remarkable transformation and development projects that the Kingdom is currently witnessing, and stressed that His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, speaks to today’s youth in their language, setti
ng a course that ensures the country’s progress, obvious to all.

The prince said that the country has always looked to the future with confidence and determination, a stand shared by King Abdulaziz and the previous kings of Saudi Arabia (may Allah rest their souls) whose long-term outlook has yielded the benefits that the Kingdom enjoys today.

The book was the initiative of Al-Turath Foundation; its publication was sponsored by Saudi Aramco. A skilled team made up of people from the two organizations worked to produce this book that documents the life of the Custodian of the Two Holy Mosques through photographs.

The book highlights the King’s life, the stages of his upbringing and youth, family life, the leadership roles he has held, contributions to the establishment of the modern state, global presence, significant social, humanitarian, cultural, heritage, and economic achievements, as well as his vision for the future.

It took more than a year to produce the book, a process that involved specialized in
stitutions, experts, and professionals. It is published both in Arabic and in English, and there is an interactive digital edition as well.

The book features over 500 photographs, including one of the oldest photos, dating back to 1938. These images were selected from more than 10,000 photographs, following a methodology that ensures the accuracy of the documentation.

Visitors to Ithra Center can view the book for two weeks at the museum. It will also be displayed at the foundation’s booth (No. E131) at the Riyadh International Book Fair from September 26 to October 5. An interactive website for the book will be launched soon at: www.kingsalmanbook.sa.

Source: Saudi Press Agency