logo
Simple Thread Wins Round 2 of U.S. Department of Energy's Digitizing Utilities Prize for Hosting Capacity Analysis Tool

Simple Thread Wins Round 2 of U.S. Department of Energy's Digitizing Utilities Prize for Hosting Capacity Analysis Tool

Award recognizes innovative solution to accelerate clean energy grid interconnection
RICHMOND, VA, UNITED STATES, April 15, 2025 / EINPresswire.com / -- Simple Thread, a software consultancy working at the intersection of software, power systems, and design, has been named a winner of Round 2 of the U.S. Department of Energy's Digitizing Utilities Prize. The company earned recognition for its Hosting Capacity Analysis (HCA) tool — a cloud-based solution that helps utilities accelerate interconnection studies and make faster, more transparent decisions about where new generation can be added to the grid.
As utilities face mounting interconnection requests and pressure to modernize infrastructure, Simple Thread's tool provides a scalable, cost-effective way to assess grid capacity and streamline internal review processes. It is model-agnostic, integrates into existing workflows, and supports strategic planning as well as regulatory reporting.
'We're proud to be recognized by the Department of Energy and the American-Made program,' said Justin Etheredge, CEO of Simple Thread. 'Our Hosting Capacity Analysis tool is just one example of how we help utilities solve mission-critical problems — whether that's modernizing equipment ratings systems for FERC 881 compliance, automating transmission outage analysis, or improving interconnection transparency.'
The Digitizing Utilities Prize, led by the DOE's Office of Electricity and the Office of Technology Transitions, aims to surface innovations that enable more dynamic, resilient, and data-centric grid operations. Simple Thread was selected among other top-performing teams advancing digital solutions for the utility sector.
To learn more about the HCA tool and how it supports utility interconnection planning, visit:
Case Study: Optimizing Grid Interconnection with Hosting Capacity Analysis
While the award was announced in January, interest in Simple Thread's Hosting Capacity Analysis tool has continued to grow, prompting the release of a detailed case study and new engagement opportunities in 2025.
About Simple Thread
We solve the unique challenges of energy and utility organizations by living at the intersection of design, software, power systems, data, and transformation design. From outage planning to interconnection, we build tools that help utilities operate more efficiently, meet evolving regulatory needs, and prepare for the grid of the future.
Tracy Simpson
Simple Thread
email us here
Visit us on social media:
LinkedIn
Legal Disclaimer:
EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

The Wahconah Group Seeks Strategic Investment to Scale Across Both Tactical Services and Loyalty Brand Divisions
The Wahconah Group Seeks Strategic Investment to Scale Across Both Tactical Services and Loyalty Brand Divisions

Yahoo

time8 minutes ago

  • Yahoo

The Wahconah Group Seeks Strategic Investment to Scale Across Both Tactical Services and Loyalty Brand Divisions

The Wahconah Group seeks funding to accelerate its national and global expansion plans. Fayetteville, North Carolina, June 04, 2025 (GLOBE NEWSWIRE) -- The Wahconah Group, an innovation-driven company specializing in apparel design, manufacturing, and services for both tactical and retail markets, is officially seeking funding and strategic partners to support its rapid national and international expansion. With two divisions, Tactical Services and Loyalty Brand Products, both experiencing transformative growth, the company is now looking to streamline, expedite, and scale that success through investment. Wahconah GroupThe funding sought will support both divisions in their respective scale-ups: building infrastructure to service new regions, hiring a recently laid-off group of experienced American manufacturing professionals, and investing in marketing, logistics, and technology systems to support national and international growth. On the Loyalty Brand Products side, Wahconah has already built a solid reputation throughout the Northeast, serving luxury clients, global conglomerates, private high schools, and prestigious colleges, with custom-branded merchandise and apparel, including acclaimed brand collections. The company is now actively duplicating that model across the U.S., and potentially worldwide. Meanwhile, on the Tactical Services front, Wahconah has just secured a powerful manufacturing partnership with an international firm boasting 60 years of experience, expanding its capabilities in tactical manufacturing. That collaboration, along with a newly acquired United Labs certification, has allowed Wahconah to extend services beyond elite military units to include certified cleaning and repair of firefighter gear, a sector in critical need of health-focused solutions. 'Our process doesn't just restore; it enhances,' said CEO Isaac Crawford. 'Uniforms last 25 to 30 cycles with our cleaning process. That's lab-tested. We're here to help protect the protectors: firefighters, military, and beyond.' With rising cancer rates among firefighters linked to contaminated gear, Wahconah's certified, health-focused uniform care is now a necessity, not a luxury. The timing for scaling couldn't be better: the company is positioned to become a national leader in protective apparel maintenance and tactical manufacturing just as awareness and demand reach critical mass. As the U.S. approaches its 250th anniversary, Loyalty Brand Products is also planning several high-profile initiatives and partnerships. From its roots in high-tech innovation to its on-the-ground impact in apparel accessories and services, Wahconah's business strategy is built on scalable, sustainable solutions. 'For five years, we've done this without outside funding. We've proven the model. We've created jobs. Now we're building the team and infrastructure to grow further,' Crawford confirmed. 'Some investments are a leap of faith. This isn't one of them.' Interested investors and strategic partners are encouraged to reach out directly to explore funding opportunities aligned with the company's values and goals. The Wahconah Group offers a rare chance to join a dual-division company already in motion, delivering results, creating value, and reshaping the future of American apparel and protective gear. Media Contact Name: The Wahconah Group Email: info@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

NIO's Q1 Loss Wider Than Expected, Revenues Increase Y/Y
NIO's Q1 Loss Wider Than Expected, Revenues Increase Y/Y

Yahoo

time8 minutes ago

  • Yahoo

NIO's Q1 Loss Wider Than Expected, Revenues Increase Y/Y

NIO Inc. NIO incurred a loss per American Depositary Share ('ADS') of 45 cents in the first quarter of 2025, which was wider than the Zacks Consensus Estimate of a loss of 22 cents. The company reported a loss of 36 cents in the year-ago quarter. This China-based electric vehicle maker posted revenues of $1.66 billion, which missed the Zacks Consensus Estimate of $1.71 billion but rose 20.85% year over year due to higher delivery volumes. NIO Inc. price-consensus-eps-surprise-chart | NIO Inc. Quote It delivered 42,094 vehicles in the first quarter, up 40.1% year over year, including 27,313 vehicles from NIO and 14,781 from ONVO. Revenues generated from vehicle sales amounted to $1.37 billion, up 18% year over year. The rise in sales was mainly attributable to an increase in delivery volume. Other sales of $288.8 million rose 36.5% on a year-over-year basis. Gross profit was $126.7 million, up 87.7% reported in the year-ago quarter. Vehicle margin in the reported quarter climbed to 10.2% from 9.2% in the first quarter of 2024, due to lower material cost per unit. Gross margin was 7.6%, up from 4.9% in the year-ago quarter. The rise was attributable to an increase in sales from parts, accessories and after-sales vehicle services. Research & development costs amounted to $438.4 million, which rose 10.5% year over year. Selling, general & administrative costs were $606.4 million, up 46% year over year. As of March 31, 2025, cash and cash equivalents totaled $3.6 billion and long-term debt amounted to $1.28 billion. For second-quarter 2025, NIO projects deliveries in the range of 72,000-75,000 vehicles, implying a rise of 25.5-30.7% year over year. Revenues are estimated between $2,689 million and $2,765 million. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) NIO currently carries a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Autoliv Inc. ALV reported first-quarter 2025 adjusted earnings of $2.15 per share, which beat the Zacks Consensus Estimate of $1.72 and rose 37% year over year. The company reported net sales of $2.58 billion in the quarter. The figure beat the Zacks Consensus Estimate of $2.47 billion but fell 1.4% year over year. Autoliv had cash and cash equivalents of $322 million as of March 31, 2025. Long-term debt totaled $1.57 billion. Operating cash flow in the quarter under review was $77 million and capital expenditure amounted to $93 million, resulting in a negative free cash flow of $16 million. In the quarter, ALV paid a dividend of 70 cents per share and repurchased 0.5 million shares. Mobileye Global Inc. MBLY reported first-quarter 2025 adjusted earnings per share of 8 cents. The figure was in line with the Zacks Consensus Estimate. The company reported a loss of 7 cents per share in the year-ago quarter. Total revenues amounted to $438 million, beating the Zacks Consensus Estimate of $434 million. The metric also rose 83% year over year. MBLY had cash and cash equivalents of $1.51 billion as of March 29, 2025, compared with $1.43 billion as of Dec. 28, 2024. Operating cash flow for the three months ended March 29, 2025, was $109 million. Capex was $14 million during the same time frame. Group 1 Automotive GPI reported first-quarter 2025 adjusted earnings per share of $10.17, which beat the Zacks Consensus Estimate of $9.68 and rose 7.17% year over year. The automotive retailer registered net sales of $5.51 billion, beating the Zacks Consensus Estimate of $5.34 billion. The top line also rose from the year-ago quarter's $4.47 billion. Group 1 had cash and cash equivalents of $70.5 million as of March 31, 2025, up from $34.4 million as of Dec. 31, 2024. Total debt was $2.8 billion as of March 31, 2025, down from $2.91 billion as of Dec. 31, 2024. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Autoliv, Inc. (ALV) : Free Stock Analysis Report Group 1 Automotive, Inc. (GPI) : Free Stock Analysis Report Mobileye Global Inc. (MBLY) : Free Stock Analysis Report NIO Inc. (NIO) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Doug Ford urges Canada's leader to ramp up tariffs on US
Doug Ford urges Canada's leader to ramp up tariffs on US

The Hill

time9 minutes ago

  • The Hill

Doug Ford urges Canada's leader to ramp up tariffs on US

Ontario Premier Doug Ford is pressuring Canada's Prime Minister Mark Carney to ramp up tariffs against the United States after President Trump doubled tariffs on steel and aluminum earlier this week. 'I highly recommended to the prime minister directly that we slap another 25 percent on top of our tariffs to equal President Trump's tariffs on our steel,' Ford said during his Wednesday appearance on CNN's 'Situation Room.' 'He has to, he has to start looking around the world at China and other locations that are taking Chinese steel and really stop the flow of steel. That's the problem,' Ford told host Wolf Blitzer. 'Canada is not the problem. Again. We purchased 30 billion, with a 'B,' of steel off the US, and that's going to come to an end real quick.' Trump signed the executive order to hike the tariffs on Tuesday. The measure went into effect on Wednesday and would levy steel and aluminum tariffs on almost all imports to the U.S.. The United Kingdom is exempt as it inked a trade deal with Washington last month. Canada has retaliated against the U.S. previously, slapping a 25 percent reciprocal tariff on U.S. aluminum and steel products. Carney, who met with Trump at the White House in early May, did not express readiness to implement Ford's suggestion. 'We will take some time, not much, some time because we are in intensive discussions right now with the Americans on the trading relationship,' Carney said to reporters on Wednesday, according to Politico. 'Those discussions are progressing. I would note that the American action is a global action. It's not one targeted in Canada, so we will take some time, but not more,' the prime minister said. Ontario is open to imposing its own countermeasures, according to Ford. When asked on Wednesday if willing to bring back the electricity surcharge, he told reporters that 'everything's on the table.' Ontario implemented a 25 percent extra charge on the electricity Canada exports to three U.S. states after Trump threatened to double tariffs on steel and aluminum. Ford eventually spoke to Commerce Secretary Howard Lutnick and later suspended the tax impacting Michigan, New York and Minnesota.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store