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PR Newswire

SUSTAINABLE MARKETS INITIATIVE UNVEILS SUPPORT TO COMMONWEALTH MEMBER STATES AT CHOGM

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In support of His Majesty King Charles III’s visits to Australia and Samoa, for the Commonwealth Heads of Government Meeting (CHOGM), SMI launches further support for Commonwealth Member States

  • Pacific Hub launched in Australia to enhance alignment of industry, finance and country efforts to accelerate delivery on global climate and biodiversity targets.
  • Marine Mangrove Sanctuary launched in partnership with SpaceX and Rotary International in Samoa to restore mangrove ecosystems, mitigate sea level rise, increase community connectivity and preserve cultural heritage for future generations.
  • Private Sector Training Programme for government officials extended to enhance public-private partnerships and project delivery in the Commonwealth.
  • SMI’s Impact Accelerator, along with a recommendation to establish High-Level Climate Investment Authorities, launched to provide end-to-end support for governments to develop industry partnerships and investment ready projects aligned with sustainable transition. 
  • The SMI’s Nature-Risk Tool, developed by AECOM, has been made available to all Commonwealth member states to assist them in assessing Nature-risks associated with physical infrastructure and urban planning.
  • The Natural Capital on African Governments’ Balance Sheets Initiative launched to explore making natural capital assets as a core component of national balance sheets.

APIA, Samoa, Oct. 26, 2024 /PRNewswire/ — In the presence of His Majesty King Charles III, as well as leaders from the Commonwealth as part of the Commonwealth Heads of Government Meeting’s Business Forum, the Sustainable Markets Initiative (SMI) has launched several initiatives to further enhance its commitment and support to Commonwealth Members States.

His Majesty King Charles III, founder of the Sustainable Markets Initiative (SMI) when he was The Prince of Wales, during a roundtable organised by the SMI
His Majesty King Charles III, founder of the Sustainable Markets Initiative (SMI) when he was The Prince of Wales, during a roundtable organised by the SMI
  • Pacific Hub: Connecting SMI’s global CEOs with CEOs and climate leaders in Australia, the SMI launched its Pacific Hub to enhance alignment of industry, finance and country efforts to accelerate delivery on global climate and biodiversity targets.
  • Marine Mangrove Sanctuary: In collaboration with Rotary International and Space X, the SMI is launching a Marine Mangrove Sanctuary in Samoa to restore and maintain the mangrove ecosystem, mitigating sea level rise and preserving cultural heritage.
  • Private Sector Training Programme: SMI introduces a climate-based training programme for government officials in Commonwealth Member States. This programme will support the delivery of climate and biodiversity-related projects and the implementation of Nationally Determined Contributions.
  • Impact Accelerator:  SMI launches its Impact Accelerator for Commonwealth Member States which provides end-to-end support for Governments to develop industry partnerships and investment ready projects aligned with sustainable transition.  The SMI further recommends establishing High-level Climate Investment Authorities within governments to better coordinate and crowd-in private sector support and investment.
  • Nature Risk Tool: SMI’s Nature Risk Tool, developed by AECOM, will now be available to all Commonwealth nations to assess the impact of infrastructure on local biodiversity globally.
  • The Natural Capital on African Governments’ Balance Sheets Initiative was launched as an institutional investor-public partnership, led by the SMI Africa Council. This initiative aims to embed Nature as an investable asset class.

Jennifer Jordan-Saifi M.V.O., CEO of the Sustainable Markets Initiative, emphasised the urgency of these initiatives: “It is an honour to be in Samoa for the Commonwealth Heads of Government Meeting (CHOGM). Being welcomed into the community of Nono’a Saleimoa to launch their Mangrove Sanctuary, we saw first-hand how Pacific communities are on the front lines of climate change and biodiversity loss. With future generations in mind, we also saw the passion of community members for restoring harmony with Nature.  The SMI is delighted to bring private sector CEOs together with Commonwealth governments at CHOGM, and through our new Pacific Hub, to accelerate practical, scalable actions that advance a genuinely sustainable future for all.”

Recognizing the importance of biodiversity restoration across the Commonwealth, Dr Hubert Danso, Co-Chair of the SMI Africa Council, highlighted that “Africa’s natural capital forms the backbone not only of our economies, but also of global business models and societies. To protect and expand this value, we must invest at scale in our ecosystems. Through mandate-aligned institutional investor-public partnerships with governments, we can unlock risk and Nature-adjusted returns, that drive benefits for Nature, people and planet.  Through these efforts we aim to demonstrate that what’s good for Africa and the world, can also create sustainable value for investors.”

Pacific Hub

The new SMI Pacific Hub, is the latest addition to the Sustainable Markets Initiative’s regional engagement activities, joining a cohort of five other Hubs and Councils including North America, Africa, China, India, and Greece.  As part of its regional and country approach, the Pacific Hub will provide a forum for CEOs to look more practically at sustainability efforts across industry and finance while exploring how the region’s private sector is actively working with governments to support Nationally Determined Contributions (NDCs) and biodiversity targets in the region.

Marine Mangrove Sanctuary

The Sustainable Markets Initiative announces the Marine Mangrove Sanctuary in collaboration with Rotary International and SpaceX. The sanctuary in Nono’a Saleimoa, Samoa will restore and maintain the mangrove ecosystem to mitigate the onset of sea level rise.  Starlink will enable project leads to record, in real-time, key data points regarding the progress of the project such as: number of mangrove seedlings planted, growth of seedlings, time spent planting and maintaining the site, and general updates from site visits. The project demonstrates the value of remote access connectivity to support underserved and remote communities across the Commonwealth. The SMI’s partnership with Starlink includes a focus on rapidly scaling support for Nature-capital and post-disaster monitoring.

Government Training Programme

The Sustainable Markets Initiative will now offer Commonwealth Member States access to its highly successful Government Training Programme, which has so far had over 800 participants from over 85 countries register worldwide. The programme has convened subject matter experts from across the public and private sectors along with non-governmental organisations to develop climate-based training that can help support government officials (and others) responsible for delivering and developing climate-related projects and the implementation of Nationally Determined Contributions (NDCs).

SMI Impact Accelerator and High-Level Climate Investment Authority

The SMI also offers support through its Impact Accelerator.  The private sector is ready to mobilize capital, however to date there is a limited pipeline of “investment-ready” projects. The Sustainable Markets Initiative strives to fill this gap by offering end-to-end support for project development, industry partnerships and capacity building.  Recognizing the urgency and complexity of public-private partnerships for transition, we strongly recommend that High-Level Climate Investment Authorities (HCIA) be established to offer an empowered and coordinated docking point that is focused on private sector partnerships and capital mobilization.  The SMI has a range of guidance available on how to best establish these HCIAs.

SMI Nature Risk Tool

The Sustainable Markets Initiative has recently launched its SMI Nature Risk Tool and is now offering it to all Commonwealth Member States.  The SMI Nature Risk Tool recognizes that infrastructure development often leads to habitat loss, biodiversity decline, pollution, and increased greenhouse gas emissions. Powered by AECOM, and using datasets from the Taskforce for Nature-related Financial Disclosures (TNFD), the SMI Nature Risk Tool enables infrastructure investors and promoters to analyse any piece of land globally, providing expert-reviewed descriptions of the location’s habitat and biomes early in the site selection process.

About The Sustainable Markets Initiative

Founded by His Majesty King Charles III in 2020, then the Prince of Wales, the Sustainable Markets Initiative has become the world’s ‘go-to’ private sector organisation on transition.  Launched in 2021, the Terra Carta serves as the Sustainable Markets Initiative’s mandate with a focus on accelerating positive results for Nature, People and Planet through real economy action.  Complementing the Terra Carta, the Astra Carta was launched in 2023 to support a default sustainable approach to space while leveraging space resources for sustainability on Earth.  Read more: www.sustainable-markets.org

PR Newswire

NEC Indonesia and Sinar Mas Land Forge Partnership for Adaptation Finance Development to Mitigate the Impact of Climate Change

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JAKARTA, Indonesia, Oct. 22, 2024 /PRNewswire/ — NEC Indonesia and Sinar Mas Land, through its subsidiary PT Samakta Mitra, have started a strategic partnership to mitigate the impact of climate change by leveraging Adaptation Finance and disaster mitigation visualisation technology. Adaptation Finance is an initiative developed by the United Nations Environment Programme (UNEP), designed to assess the risks and impacts of natural disasters caused by climate change. It aims to identify risks early, plan mitigation strategies, and foster greater business resilience.

The Memorandum of Understanding (MoU) to begin a joint study on Adaptation Finance in Indonesia between Sinar Mas Land and NEC Indonesia was signed by Irvan Yasni, CEO of Technology Advisory and Business of Sinar Mas Land, and Joji Yamamoto, President Director of NEC Indonesia, at the Biomedical Campus, BSD City, last 15 October 2024. Yutaka Ukegawa, Corporate Executive Vice President of NEC Corporation, and Mulyawan Gani, Chief Transformation & Data Officer of Sinar Mas Land, were also in attendance.

Irvan Yasni, CEO of Technology Advisory & Business at Sinar Mas Land (second from the left), together with Joji Yamamoto, President Director of NEC Indonesia (second from the right), signs a Memorandum of Understanding to initiate a joint study on Adaptation Finance in Indonesia, witnessed by Mulyawan Gani, Chief Transformation & Data Officer of Sinar Mas Land (far left), and Yutaka Ukegawa, Corporate Executive Vice President of NEC Corporation (far right).
Irvan Yasni, CEO of Technology Advisory & Business at Sinar Mas Land (second from the left), together with Joji Yamamoto, President Director of NEC Indonesia (second from the right), signs a Memorandum of Understanding to initiate a joint study on Adaptation Finance in Indonesia, witnessed by Mulyawan Gani, Chief Transformation & Data Officer of Sinar Mas Land (far left), and Yutaka Ukegawa, Corporate Executive Vice President of NEC Corporation (far right).

Joji Yamamoto shares, “This collaboration marks an important first step in realising the Adaptation Finance initiative for mitigating the climate change. We believe that the technology and solutions offered by NEC can contribute to developing adaptive financial solutions that can be applied across various sectors. We look forward to this partnership with Sinar Mas Land’s subsidiary, PT Samakta Mitra. Previously, NEC implemented the same solutions in Japan, supported by major insurance companies. The success of this endeavour emphasises the significant potential of this collaboration to bring positive impacts to Indonesia’s financial services industry, particularly in addressing the growing climate challenges.”

Irvan Yasni adds, “Adaptation Finance presents a great opportunity to create a more sustainable and safer environment in the face of disaster risks resulting from climate change. Together with NEC Indonesia, we will conduct a joint study on Adaptation Finance to develop case studies that anticipate adaptation steps and solutions to climate change across various sectors. By applying technology with disaster risk and climate change mapping, insurance companies can estimate potential losses and mitigate existing risks, allowing for more effective mitigation efforts.”

Through this collaboration, Sinar Mas Land and NEC Indonesia will develop risk visualisation solutions capable of mapping the potential for natural disasters such as floods, earthquakes, and tropical cyclones. This will thereby accelerate the adoption of disaster risk mitigation solutions among insurance companies, banks, and investment firms. This initiative also supports better protection for communities and infrastructure in the future.

By utilising data-driven solutions, predictive analytics, and artificial intelligence (AI), NEC Indonesia will identify potential threats, assess environmental impacts, and provide more effective risk mitigation recommendations. This technology enables more strategic and sustainable allocation of funds, allowing Adaptation Finance to deliver positive effects on society, the business community, and the environment. (*)

About PT NEC Indonesia

NEC first established its representative office in Jakarta in 1968. To this day, PT NEC Indonesia continues to play an important role in providing innovative ICT solutions to promote safety, security, and improve the quality of life for individuals and communities. As a leading provider of information and communication technology, PT NEC Indonesia provides world-class services and technology including telecommunications networks, biometric identification, intelligent solutions for Banks and other Financial Services, Public Transportation and Logistics, Retail, Manufacturing, as well as government applications and infrastructure and business enterprises to support the digital transformation journey. For more information, visit us at http://id.nec.com/.

About Sinar Mas Land

Sinar Mas Land is a property developer in Indonesia with over 50 years of experience. Sinar Mas Land has developed more than 50 projects across Indonesia. The company’s success in property and real estate development in Indonesia has been recognized by independent and credible institutions, earning various prestigious international awards such as the MIPIM Award in France (2018), ASEAN Energy Awards (2019), Asia Pacific Property Award (2021), Cambridge IFA’s Global Good Governance Award (2021), and FIABCI World Prix d’Excellence Awards (2022).

With the support of a solid management team, Sinar Mas Land is renowned as a developer of independent townships (through the BSD City Development) and a pioneer in the development of the clustered residential concept. In addition, Sinar Mas Land is also a trailblazer in the development of innovative Strata Mall/Trade Center (ITC) projects in Indonesia. Sinar Mas Land is listed on the Indonesia Stock Exchange as PT Bumi Serpong Damai Tbk, and on the Singapore Exchange. Sinar Mas Land has strong strategic partners such as Sojitz Japan, Aeon, Itochu, Mitsubishi Corporation, Hongkong Land, and local partners like Kompas Gramedia and Kalbe. For more information, please visit: www.sinarmasland.com.

Source: PT. NEC Indonesia

PR Newswire

Hikvision achieves TÜV Rheinland Green Product Mark as first in LED display industry

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HANGZHOU, China, Oct. 19, 2024 /PRNewswire/ — Hangzhou Hikvision Digital Technology Co., Ltd. (“Hikvision”) announced that 16 of its LED display products received the Green Product Mark certification from TÜV Rheinland—the first in the LED display industry achieving this distinction. Based on the 2 PfG E 0052/06.2024 standard, this certification highlights compliance with stringent environmental criteria. TÜV Rheinland, with over 150 years of history, is a member of the UN Global Compact and the Global Ecolabelling Network, making its certifications widely recognized.

Hikvision achieves TÜV Rheinland Green Product Mark as first in LED display industry
Hikvision achieves TÜV Rheinland Green Product Mark as first in LED display industry

The certified products include the CW, BW, and other series, covering various mainstream packaging technologies. They passed comprehensive evaluations in product technical compliance, restricted substances control, carbon footprint, and recyclability. Recognized for outstanding environmental performance and sustainability, these products adhere to high green standards throughout.

Hikvision achieves TÜV Rheinland Green Product Mark as first in LED display industry
Hikvision achieves TÜV Rheinland Green Product Mark as first in LED display industry

Hikvision’s LED products strictly follow rigorous environmental standards in material selection and production. By using eco-friendly materials, optimizing designs, implementing intelligent manufacturing, and enforcing strict quality control, the products minimize environmental impact throughout their lifecycle. Notably, the casings are made with up to 90% recycled aluminum, and packaging cartons use 100% recycled materials, significantly reducing waste.

Moreover, the new generation of Hikvision’s LED products incorporates three energy-saving technologies: flip-chip packaging, common cathode driving, and intelligent power systems. These innovations significantly reduce carbon emissions, standing out among high-energy-consuming industrial products. They also achieve a remarkable reduction in greenhouse gas emissions.

In addition to environmental features, these LED products maintain industry-leading quality. They utilize proprietary display control systems for stability and safety. Dynamic energy-saving algorithms automatically recognize high-brightness image details and adjust local brightness seamlessly, providing a comfortable viewing experience while enhancing image quality and reducing energy consumption.

Earning the TÜV Rheinland Green Product Mark certification underscores Hikvision’s commitment to green and low-carbon production. The company has consistently invested in green innovation, integrating sustainable design concepts like automation, modularization, and recyclability into product development. By focusing on the entire product lifecycle—from raw materials to end-of-life—Hikvision ensures its products meet green requirements throughout.

Looking ahead, Hikvision will continue to embed sustainability into its operations, promoting social responsibility alongside business growth.

More about Hikvision’s LED Products

All raw materials of Hikvision’s LED products undergo strict inspections, including tests for photoelectric parameters, environmental adaptability, electrical properties, stability, dimensional accuracy, material characteristics, and appearance, ensuring quality before production.

By deploying intelligent manufacturing equipment—achieving automatic SMT, assembly, aging, packaging, and warehousing—the entire process is fully automated, effectively preventing quality issues. With bases in Hangzhou and Wuhan, and over 20 automated production lines, annual production of Hikvision LED display screens exceeds 500,000 square meters.

Hikvision operates seven laboratories covering EMC, environmental testing, safety regulations, electrical performance, and more, holding certifications such as CNAS, UL, and CCC. These facilities enable LED products to undergo rigorous tests for temperature impact, salt spray, vibration, dissipation, and waterproofing, ensuring stable and reliable operation in various environments.

For more details and updates, please visit the official website of Hikvision Commercial Displays.

Source: Hikvision Digital Technology Co., Ltd.

PR Newswire

SEMIFIVE Extends Partnership with Arm to Advance AI and HPC SoC Platforms

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Strengthening SoC platforms for high-performance custom silicon with Arm Neoverse CSS technology

SEOUL, South Korea, Oct. 14, 2024 /PRNewswire/ — SEMIFIVE, a leading design solution provider and pioneer in platform-based custom silicon, today announced the expansion of its collaboration with Arm to deliver the proven high-performance computing capabilities of Arm® Neoverse™ to SEMIFIVE’s SoC platform customers. As part of the Arm Total Design ecosystem, SEMIFIVE’s collaboration with Arm facilitates the seamless integration of Arm Neoverse Compute Subsystems (CSS) into custom chips, while continuing to leverage a broad range of Arm IP, including Cortex®-A, Cortex-R, and Cortex-M CPUs, Mali™ GPUs, Ethos™ NPUs, and various system and subsystem IP.

SEMIFIVE’s Arm-based SoC platforms have empowered several AI silicon startups to develop advanced AI accelerator SoCs demonstrating the platform’s efficiency and reliability for rapid custom silicon development over the last three years. As an Arm Total Design member, SEMIFIVE is also equipped to offer even more comprehensive Arm-based solutions, bringing cutting-edge computing technology to a wider range of customers. SEMIFIVE is building on this collaboration to lead the future of computing and will showcase its advancements at the upcoming Open Compute Project (OCP) Global Summit in San Jose later this month.

“Our platform has evolved to deliver even greater value, from the world’s most advanced tech companies to the most innovative startups, thanks to our ongoing and broader partnership with Arm,” said Brandon Cho, CEO and co-founder of SEMIFIVE. “We are grateful for Arm’s support and look forward to continuing to drive innovation together with the Arm Total Design ecosystem, helping our customers unlock the full potential of custom silicon.”

About SEMIFIVE

SEMIFIVE is the pioneer of platform based SoC design, working with customers to implement innovative ideas into custom silicon in the most efficient way. Our SoC platforms offer a powerful springboard for new chip designs and leverage configurable domain-specific architectures and pre-validated key IP pools. We offer comprehensive spec-to-system capabilities with end-to-end solutions so that custom SoCs can be realized faster, with reduced cost and risks for key applications such as data center or AI-enabled IoT. With a strong partnership with Samsung Foundry as a leading SAFETM DSP partner, as well as the larger ecosystem, SEMIFIVE provides a one-stop shop solution for any SoC design needs. For more information, please visit www.semifive.com.

PR Newswire

Midea Showcases the Latest Sustainable Technologies at Chillventa 2024, Pioneering Sustainable Path with Low Carbon Innovations

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NUREMBERG, Germany, Oct. 12, 2024 /PRNewswire/ — From 8-10 October, Midea, leader in electro domestic and smart appliances, showcased its commitment to sustainability at Chillventa 2024. With a booth themed “Green Vision Blue Future,” Midea highlighted its focus on low carbon, energy-efficient technologies. The event served as a platform for Midea to demonstrate its innovative solutions for advancing sustainable energy initiatives.


A standout at the exhibition was Midea’s award-winning product, the CirQHP Indoor Hybrid. This innovative indoor hybrid heat pump solution garnered significant attention from industry professionals. Its compact design and indoor installation capabilities addresses the limitations of outdoor unit installations prevalent in the European market. This eliminates concerns about outdoor unit noise, space constraints and building regulations. The hybrid concept allows users to transition to more environmentally friendly heat pump technologies with lower initial investment costs. By integrating with existing home boilers, the system optimizes energy use, offering greater efficiency and economic benefits, while ensuring stable heating even in extremely low temperatures.

In addition, Midea introduced the CirQHP Multi-Hybrid solution, which combines a multi-split heat pump system. This marks the first integration of heating and cooling systems, offering enhanced possibilities for hybrid technology. The solution ensures more stable heating in winter and more comfortable cooling in summer.


Midea also unveiled the VETLE, a high performance heating unit capable of operating efficiently, even at temperatures as low as -40°C. This product targets the high-end market segment in Northern Europe, achieving A+++ energy efficiency for optimal heating performance.

The intelligence of Midea’s products is best exemplified by the new AI-powered air conditioner, Solstice. Featuring their proprietary ECOMASTER technology, Solstice marks a major leap forward in inverter control, delivering over 30% extra energy savings without sacrificing comfort. At the event, Midea showcased Solstice’s improved installation and maintenance features. Its innovative pull-down structure offers more operational space, enabling easier installation by loosening just one screw. The enhanced fan motor and PCB design streamlines the replacement process.

Midea’s All-In-One Smart Energy Management System, MHELIOS, also received substantial attention. This system features a top-tier VDE-2510 certified energy storage battery, with software upgrades that impressed attendees. It offers comprehensive appliance and HVAC management, precise power control and optimized HVAC usage based on energy needs. MHELIOS AI enhances energy distribution by factoring in weather forecasts and household energy use, predicting consumption more accurately and creating optimal charging and discharging strategies based on dynamic tariffs. All these features are seamlessly integrated into the Midea SmartHome App, offering a single touchpoint for intelligent HVAC control, dynamic tariffs and virtual power plant integration.

At the event, Midea was honored with two prestigious awards from Euromonitor International, recognizing it as the world’s No.1 R290 air conditioner and residential inverter air conditioner company for the second year running. Attendees explored Midea’s full range of R290 products, including integrated units, split systems and heat pump water heaters, all of which use the eco-friendly R290 refrigerant. Midea’s dedication to environmental protection is further evident in its sustainable smart home solutions, which utilize energy management systems to harness solar energy and employ heat recovery technology for energy recycling and reuse.

The exhibition also featured the highly acclaimed PortaSplit portable AC, a European bestseller endorsed by the Manchester City striker and treble winner Erling Haaland. Renowned for its versatility, powerful performance and ultra-quiet operation, PortaSplit has achieved widespread acclaim from local users and channel partners alike, making a big impression at the event.

https://mma.prnasia.com/media2/2529297/video.mp4
PR Newswire

Hyundai Motor Group and Singapore Strengthen Joint Research in Sustainable Energy and Manufacturing Solutions

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  • Hyundai Motor Group and Nanyang Technological University, Singapore collaborate in the field of hydrogen energy and advanced energy system
  • The partnership aims to advance towards carbon neutrality through joint research with world-renowned NTU
  • HMGICS, NTU and A*STAR to establish a tripartite Corporate Lab Program for collaborative research in AI, robotics and 3D printing

SINGAPORE and SEOUL, South Korea, Oct. 9, 2024 /PRNewswire/ — Hyundai Motor Group (the Group) has signed a collaborative research agreement with Nanyang Technological University, Singapore (NTU) in the field of new energy at the Singapore-Korea Business Forum, Ritz Carlton Singapore, on October 8. The partnership encompasses a three-year research collaboration, focusing on the hydrogen energy business and advanced energy system.

(from left) Young-Joon Yoon, President and CEO of Hyundai E&C; Jaehoon Chang, President and CEO of Hyundai Motor; Duk-geun Ahn, Minister of Trade, Industry and Energy of the Republic of Korea; Dr. Tan See Leng, Minister for Manpower and Second Minister for Trade and Industry of Singapore; Prof. Lam Khin Yong, Vice President of NTU; and Prof. Madhavi Srinivasan, Executive Director of Energy Research Institute at NTU (Photo credit: Ministry of Trade, Industry and Energy, Korea)
(from left) Young-Joon Yoon, President and CEO of Hyundai E&C; Jaehoon Chang, President and CEO of Hyundai Motor; Duk-geun Ahn, Minister of Trade, Industry and Energy of the Republic of Korea; Dr. Tan See Leng, Minister for Manpower and Second Minister for Trade and Industry of Singapore; Prof. Lam Khin Yong, Vice President of NTU; and Prof. Madhavi Srinivasan, Executive Director of Energy Research Institute at NTU (Photo credit: Ministry of Trade, Industry and Energy, Korea)

This collaboration between the Group and NTU, a globally renowned university, aims to develop alternative energy sources to achieve carbon neutrality, leveraging the Group’s advanced energy technologies that are suitable for Singapore’s unique characteristics.

“HMGICS is a global hub for Hyundai Motor Group’s future mobility innovation,” said Hyun Sung Park, Vice President and CEO of Hyundai Motor Group Innovation Center Singapore (HMGICS). “Through this partnership, we aim to accelerate our research in the field of innovative technologies, ultimately enhancing the commercial viability of our sustainable mobility solutions.”

One of the key areas of focus will be studying the adoption of hydrogen production technologies and businesses in Singapore. This includes the implementation of Hyundai Motor Group’s innovative resource-cycle hydrogen production technologies: Plastic-to-Hydrogen (P2H) and Waste-to-Hydrogen (W2H) systems. W2H utilizes organic waste such as food and sewage sludge to produce hydrogen, while P2H utilizes non-recyclable plastic.

In the field of advanced energy system research, the Group and NTU will develop a solution that is well-suited for urban countries like Singapore. The system offers the advantages of easy installation and high safety levels thanks to its modular design, playing a vital role in achieving carbon neutrality in Singapore.

HMGICS also held a joint signing ceremony for the establishment of a tripartite research center with NTU and the Agency for Science, Technology, and Research (A*STAR). The Corporate Lab Program is set to conduct research in innovative manufacturing domains such as AI, robotics and 3D printing.

“The research partnerships between NTU Singapore and Hyundai Motor Group reflect how close collaboration with industry is vital in developing innovative and relevant solutions to address real world issues, including the race to carbon neutrality,” said Professor Lam Khin Yong, Vice President (Industry) of NTU. “We will continue to build on our long-standing partnership with Hyundai Motor Group, leveraging NTU’s core strengths in areas such as sustainable energy, AI, robotics, 3D printing, and advanced materials, to develop innovative and sustainable solutions for Singapore and the global society.”

For more information, please visit: http://www.hyundaimotorgroup.com or Newsroom: Media Hub by Hyundai, Kia Global Media Center (kianewscenter.com), Genesis Newsroom

(from left) Prof. Lim Keng Hui, Assistant Chief Executive of Science and Engineering Research Council at A*STAR; Hyun Sung Park, Vice President and CEO of HMGICS; Jaehoon Chang; Duk-geun Ahn; Dr. Tan See Leng; Prof. Lam Khin Yong; Prof. Warren Chan, Dean of the College of Engineering at NTU; Frederick Chew, CEO of A*STAR (Photo credit: Ministry of Trade, Industry and Energy, Korea)
(from left) Prof. Lim Keng Hui, Assistant Chief Executive of Science and Engineering Research Council at A*STAR; Hyun Sung Park, Vice President and CEO of HMGICS; Jaehoon Chang; Duk-geun Ahn; Dr. Tan See Leng; Prof. Lam Khin Yong; Prof. Warren Chan, Dean of the College of Engineering at NTU; Frederick Chew, CEO of A*STAR (Photo credit: Ministry of Trade, Industry and Energy, Korea)

PR Newswire

Midea’s New ECOMASTER Energy-Saving Solution Shines at IFA Berlin 2024

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Combining AI algorithms, big data, and cloud connectivity to significantly improve appliance energy efficiency, without sacrificing performance

BERLIN, Sept. 7, 2024 /PRNewswire/ — Midea, the world’s leading manufacturer in air treatment and home appliances, unveiled its ECOMASTER energy-saving solution at Booth 101, Hall 5.1, during IFA Berlin 2024, the world’s largest consumer and electronics show. This intelligent technology optimizes product performance and reduces energy consumption by an average of 30%.

Midea launched new technology ECOMASTER at IFA 2024
Midea launched new technology ECOMASTER at IFA 2024

“Our users have made it clear that they care about reducing energy use and protecting the environment, and we aim to deliver,” said Kurt Jovais, Global Director of Product Management, Midea International Business. “Combining cloud connectivity, advanced analytics, and an intelligent AI algorithm, ECOMASTER achieves the perfect balance between performance and energy efficiency.”

As an example, an ECOMASTER air conditioner leverages an AI algorithm pre-trained on billions of data points, continuously detecting environmental data every 30 seconds, integrating cloud-based data such weather forecasts to predict heat load changes. This enhances its predictive abilities, ensuring precise temperature control and optimizing comfort and energy efficiency for the optimal cooling experience.

Midea ECOMASTER is compatible across various Midea appliances including refrigerators, washing machines, ovens, dishwashers and water heaters. When activated, the ECOMASTER autonomously optimizes energy use, and users can monitor energy savings through the app.

The power of ECOMASTER is further amplified when paired with the ESS Energy Management System. The tailored AI Energy Assistant adjusts to users’ preferences for storing, charging, and discharging energy based on dynamic electricity tariffs, and employs strategies for intelligent energy allocation.

Midea also respects user privacy. All uploaded data is operational, such as indoor and compressor temperatures, containing no personal information and only remaining available to the user.

Midea ECOMASTER represents Midea’s latest achievement in utilizing advanced technology to develop energy-saving and user-friendly appliances for the home.

About Midea & Midea Group

Midea is one of over 10 brands within the Smart Home Business of Midea Group.

Established in 1968, Midea Group is a leading global high-technology company, ranked on the 2024 Fortune Global 500 list. It is one of the world’s largest home appliance manufacturers. In early 2021, the company streamlined its core units into five high-growth business pillars: Smart Home, Electro-Mechanical, Building Technologies, Robotics & Automation, and Digital Innovation.

www.midea-group.com
www.midea.com 

PR Newswire

‘The Charge of Change’: Dahua Technology Unveils D-Volt Intelligent EV Charging Solution

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HANGZHOU, China, Aug. 23, 2024 /PRNewswire/ — Through a successful online launch, Dahua Technology, a world-leading video-centric AIoT solution and service provider, has released its very own intelligent EV charging solution – D-Volt. Embodying its slogan “The Charge of Change”, D-Volt offers speed, power, innovation, precision, and a steadfast commitment to sustainability.

D-Volt is designed to deliver quick and comprehensive charging performance in order to ensure that users can recharge their electric vehicles quickly and efficiently. It is crafted to meet the highest standards of quality and reliability, offering innovative solutions that are as accurate as they are advanced. In terms of innovation, D-Volt is integrated with Dahua’s very own cutting-edge technologies with meticulous precision. What’s more, this intelligent EV charging solution also reflects Dahua’s unwavering commitment to environment conservation and sustainability, utilizing sustainable materials and energy efficient technologies and striving to significantly reduce the company’s carbon footprint for a greener planet.

D-Volt’s benefits to users and customers include:

  • Ideal for Any Scenario: It utilizes a single platform designed to manage both home (D-Volt Air) and commercial (D-Volt Pro) charging equipment, effectively optimizing charging experience and e-mobility processes. It supports 3.5kW to 22kW for AC charging and 60kW to 240kW for DC charging.
  • Designed to Stay Cool: It is built and designed to withstand both outdoor and indoor use. Its multi-level protection helps prevent overcurrent, short-circuit, AC/DC leakage, etc., greatly ensuring safety.
  • Intelligent Integration: Its Dynamic Load Balancing feature enables users to optimize their power usage by intelligently distributing energy between their charging station and other electrical appliances on-site. It uses solar panels to charge electric vehicles with 100% solar energy or a mix of solar and grid energy, helping vehicle owners to avoid using expensive grid energy. Also, it can be combined with other Dahua solutions based on actual requirements.
  • Open & Flexible Software: D-Volt Desktop & D-Volt App greatly simplify the operation of the charger. These digital platforms offer a great deal of benefits, including real-time visual information about the station status, power use, fees, etc. In addition, it allows charging schedule to benefit from off-peak tariffs, locating stations by map, as well as setting prices and controlling access based on group functions. It also provides valuable insights from multiple dashboards and supports private cloud customization.

Overall, D-Volt is a revolutionary electric vehicle charging solution that provides great value for customers and users. It is ideal for a wide-range of application scenarios such as residential homes, commercial establishments, charging fleets, and office buildings. Aside from its aforementioned highlights and technical benefits, D-Volt also demonstrates Dahua’s firm commitment to provide products and solutions that promote sustainable and eco-friendly transportation, aiding the transition to clean energy and ensuring that Dahua’s innovations benefit both the modern world and future generations.

PR Newswire

THE FUTURE OF NON-TERRESTRIAL INFRASTRUCTURE: SCEYE DEMONSTRATES BREAKTHROUGH DIURNAL FLIGHT IN THE STRATOSPHERE WITH RENEWABLE ENERGY

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ROSWELL, N.M., Aug. 19, 2024 /PRNewswire/ — Sceye, an aerospace company with a background in material science and manufacturer of High-Altitude Platform Systems (HAPS), announced today that it completed a full diurnal flight in the stratosphere while staying over an area of operation. This is a critical milestone towards long-duration flights of months or years by using of solar power through daylight hours, and battery capacity enabling overnight flight through solar recharge the next morning. The HAPS launched at 7:36 AM MST on August 15th from the company’s New Mexico facility and landed at 12:21 PM MST the following day after the flight test points were completed.

THE FUTURE OF NON-TERRESTRIAL INFRASTRUCTURE: SCEYE DEMONSTRATES BREAKTHROUGH DIURNAL FLIGHT IN THE STRATOSPHERE WITH RENEWABLE ENERGY
THE FUTURE OF NON-TERRESTRIAL INFRASTRUCTURE: SCEYE DEMONSTRATES BREAKTHROUGH DIURNAL FLIGHT IN THE STRATOSPHERE WITH RENEWABLE ENERGY

“This is a significant milestone for the Sceye team, towards opening up vast opportunities in the stratosphere, building an entirely new layer of infrastructure between drones and satellites,” said Sceye CEO and Founder, Mikkel Vestergaard Frandsen. The ability to stay in the stratosphere for long durations over an area of operation offers a unique vantage point for detecting climate disasters in real time like wildfires and methane leaks, as well as connectivity to the billions of unconnected which conventional infrastructures cannot serve.

Today’s launch furthered all key stratospheric objectives of the Sceye 2024 test program, including demonstrating diurnal flight, controlled relocation, and the ability to stay over an area of operation. The completion of these objectives will allow Sceye to initiate commercial use cases.

“The flight was an important demonstration of our platform’s performance and resilience. I’m looking forward to seeing the growth and capabilities scale with each and every flight that follows,” said Stephanie Luongo, Sceye Chief of Mission Operations.

Sceye has completed twenty test flights, with two additional test flights planned for 2024, further maturing the platform in preparation for commercialization.

The flight carried an advanced payload suite consisting of instruments for addressing some of humanity’s  most critical issues : stereo-optical cameras, for creating precise elevation models used to understand disasters such as floodings and earthquakes and how to mitigate them; infrared cameras to allow for prediction and detection of wildfires and to detect methane leaks in real time, representing two significant sources of global warming. The payload also included synthetic aperture radar that allows the platform to see through clouds and observe the planet’s most vital systems in any weather and time of day.

About Sceye

Sceye is an aerospace company founded in 2014 to unleash the possibilities in the stratosphere by uplifting and connecting all people and protecting our planet. The company is leading the industry of High-Altitude Platform Systems (HAPS) to provide universal and equitable connectivity, improve climate change monitoring, natural resource stewardship, wildfire detection and better detect and contain disasters before they spiral out of control.

Press Inquiries:
Kristian Ullum Vind
press@sceye.com

PR Newswire

LILYSILK Partners with Leading Nonprofits to Celebrate National Nonprofit Day, Empowering Communities and Promoting Sustainability

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NEW YORK, Aug. 17, 2024 /PRNewswire/ — LILYSILK celebrates its 14th anniversary and Brand Month this August and proudly commemorates National Nonprofit Day on August 17 by announcing two new partnerships with the World Woman Foundation and I Support The Girls. Additionally, LILYSILK continues its collaboration with longstanding partners, including National Breast Cancer Foundation®, Baby2Baby, and One Tree Planted, demonstrating a sustained commitment to community support and environmental sustainability.

National Nonprofit Day serves as a reminder of the collective efforts of individuals and organizations to create a more equitable and compassionate world, highlighting the critical role in addressing societal issues, promoting social justice, and providing essential services to those in need.

Credit: I Support The Girls
Credit: I Support The Girls

LILYSILK is thrilled to partner with the World Woman Foundation as their sustainable fashion partner. This collaboration aims to empower women across North America and Europe by promoting sustainability and leadership through the use of sustainable silk products.

“We are thrilled to partner with LILYSILK, a brand that shares our commitment to sustainability and women’s empowerment,” said Rupa Dash, CEO of the World Woman Foundation. “This partnership is a significant step towards creating a more sustainable future while uplifting women worldwide.”

LILYSILK proudly supports I Support The Girls (ISTG) by donating over US$8,000 worth of bras to promote dignity for all. Dana Marlowe, founder and Executive Director of ISTG, expressed enthusiasm for the partnership: “LILYSILK’s generous donation enables us to support hundreds of individuals in need.” ISTG collects and distributes essential items to women experiencing homelessness and distress, fostering dignity and confidence.

Since 2022, LILYSILK has been a steadfast supporter of National Breast Cancer Foundation®, contributing over US$5,000 and US$43,000 worth of eye masks to aid women undergoing breast cancer treatment.

LILYSILK continues its support for Baby2Baby, helping the organization continue to provide essential items like diapers. In celebration of Mother’s Day this year, LILYSILK helped Baby2Baby distribute 250,000 diapers to mothers and their babies. Additionally, in 2023, LILYSILK partnered with One Tree Planted to plant 35,000 trees in Brazil and Mexico, reaffirming their commitment to sustainability and reforestation efforts.

“We express our deepest gratitude to our nonprofit partners who enable us to make a positive impact,” said David Wang, CEO of LILYSILK. “By collaborating with nonprofits, we underscore our commitment to sustainability and community empowerment.”