Former Indiana Governor Holcomb Joins Doral Renewables Board of Directors
Doral Renewables, an independent power producer, specializes in greenfield development of utility scale renewable energy projects. Its 14 gigawatt (GW) pipeline includes projects such as the 1.3 GW Mammoth Solar in Indiana and the 1.2 GW Vista Sands Solar project in Wisconsin. These two projects alone will power 500,000 Midwestern households.
The company's Mammoth Solar project in Indiana impacts the Hoosier state's economy by tapping into Indiana's leading industries, including utilizing approximately 20,000 tons of Indiana steel. The project is also expected to contribute over $40 million to local municipalities through taxes and economic development payments. One of Doral's primary efforts focuses on implementing dual-use practices that allow solar energy and farming to co-exist on the same land, offering local family farms the opportunity to increase profitability, and promote food production and heritage farming. Mammoth Solar currently features 2,000 livestock grazing within the project's perimeter and the cultivation of several food crops.
'Governor Holcomb brings decades of exceptional experience in policymaking and economic development. His vision and leadership have resulted in record-breaking investments in Indiana,' stated Nick Cohen, President and CEO of Doral Renewables. 'His innovative mindset aligns with our farmer community, especially as we continue to enhance our agrivoltaics deployment efforts, benefiting both the national grid by diversifying energy resources and cost reduction as well as local farmers by maximizing land use and creating additional revenue streams.'
'I couldn't be more excited to join the relationship-centric team at Doral Renewables', said Holcomb. 'Doral's world-class vision and mission are both critically important to meet the communities' needs and provide them with economic opportunities and increased energy demand we are going to experience in the upcoming years. I look forward to strategically assisting Doral as the months and years unfold.'
About Doral Renewables
Doral Renewables is a Philadelphia-based developer, owner, and operator of renewable energy assets throughout the United States. Our solar and storage development portfolio exceeds 14 GW, which includes 400 MW currently in operation and 950 MW under construction. Doral Renewables operates in 20 states and across seven electricity markets. With a strong focus on community engagement, we aim to integrate agrivoltaics practices throughout our pipeline, creating additional opportunities for farming communities. We have secured over $2.5 billion in long-term wholesale power purchase agreements with U.S. customers. Our global management and leadership team includes the Doral Group (TASE: DORL), Migdal Group (TASE: MGDL), Clean Air Generation, APG, and Apollo Global Management (NYSE: APO). Learn more at doral-llc.com and follow us on LinkedIn and Facebook.
Governor Eric J. Holcomb
Eric J. Holcomb most recently served as the 51st Governor of the State of Indiana. Holcomb is a lifelong Hoosier, born in Indianapolis, Indiana, graduated from Pike High School and Hanover College in southeastern Indiana. He went on to serve six years of active duty in the U.S. Navy, first at Naval Station Great Lakes , and later at Naval Air Station Cecil Field, Florida, and then overseas at CINCIBERLANT NATO Command in Portugal. Holcomb was a trusted advisor to both Governor Mitch Daniels and Senator Dan Coats and served as a former state chairman of the Indiana Republican Party. He just finished serving in his second term as governor having been elected in 2016 and 2020 when he received the most votes for governor in Indiana history. Prior to his election as governor, Holcomb served as Indiana's 51st Lieutenant Governor alongside then Governor Mike Pence. Holcomb has earned a reputation as a problem-solving, consensus builder focused on creating new opportunities for all. He frequently traveled throughout the state, visiting with Hoosiers about how to make Indiana the best place in the world to live, work, study, play, and stayed focused on economic, workforce, and community development. Under Holcomb's leadership, Indiana soared to new heights, including record investments and outcomes in infrastructure, education and healthcare and becoming an economic envy in America. Holcomb and his wife, Janet, live with their miniature schnauzer Oliver in central Indiana.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
12 minutes ago
- Yahoo
360 Advanced, Inc Ranks No. 3419 on the 2025 Inc. 5000 List of America's Fastest-Growing Private Companies
With Three-Year Revenue Growth of 114.8 Percent, This Marks 360 Advanced, Inc's Second Appearance on the List NEW YORK, Aug. 13, 2025 /PRNewswire/ -- Inc., the leading media brand and playbook for the entrepreneurs and business leaders shaping our future, today announced that 360 Advanced is No. 3419 on the annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. The list provides a data-driven snapshot of the most successful companies within the economy's most dynamic segment—its independent, entrepreneurial businesses. Past honorees include companies such as Microsoft, Meta, Chobani, Under Armour, Timberland, Oracle, and Patagonia. "This recognition reflects the trust our clients place in us and the dedication of our team to delivering exceptional cybersecurity and compliance solutions," said Matt McNulty, Chief Revenue Officer at 360 Advanced. "Over the past eighteen years, we've focused on building meaningful client relationships, expanding our service offerings, and positioning 360 Advanced as a leader in helping organizations navigate complex compliance requirements. Earning a spot on the Inc. 5000 for the second time is a milestone we're proud to celebrate." This year's Inc. 5000 honorees have demonstrated exceptional growth while navigating economic uncertainty, inflationary pressure, and a fluctuating labor market. Among the top 500 companies on the list, the median three-year revenue growth rate reached 1,552 percent, and those companies have collectively added more than 48,678 jobs to the U.S. economy over the past three years. For the full list, company profiles, and a searchable database by industry and location, visit: "Making the Inc. 5000 is always a remarkable achievement, but earning a spot this year speaks volumes about a company's tenacity and clarity of vision," says Mike Hofman, editor-in-chief of Inc. "These businesses have thrived amid rising costs, shifting global dynamics, and constant change. They didn't just weather the storm—they grew through it, and their stories are a powerful reminder that the entrepreneurial spirit is the engine of the U.S. economy." Inc. will celebrate the honorees at the 2025 Inc. 5000 Conference & Gala, taking place October 22–24 in Phoenix, and the top 500 will be listed in the Fall issue of Inc. magazine. About 360 Advanced, Inc360 Advanced is Making Better Businesses through their client-centric cybersecurity and compliance offerings. For nearly 20 years, 360 Advanced has delivered integrated compliance solutions to a global base of clients in a wide range of industries, from tech startups to the Fortune 500. Their cybersecurity and compliance offerings include ISO 27001, FedRAMP, HITRUST, SOC, Penetration Testing, Risk Assessments, and more. To learn more about their services, visit 360 Advanced. 360 Advanced operates under an alternative practice structure in accordance with all applicable laws, regulations, standards, and codes of conduct of the AICPA. Read full disclaimer here. Media ContactKeith FrechetteDirector of Marketingmarketing@ Methodology Companies on the 2025 Inc. 5000 are ranked according to percentage revenue growth from 2021 to 2024. To qualify, companies must have been founded and generating revenue by March 31, 2021. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2024. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2021 is $100,000; the minimum for 2024 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. About Inc. Inc. is the leading media brand and playbook for the entrepreneurs and business leaders shaping our future. Through its journalism, Inc. aims to inform, educate, and elevate the profile of its community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating the future of business. Inc. is published by Mansueto Ventures LLC, along with fellow leading business publication Fast Company. For more information, visit View original content to download multimedia: SOURCE 360 Advanced 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
CNBC
14 minutes ago
- CNBC
CoreWeave stock slumps 14% on wider-than-expected loss ahead of lockup expiration
CoreWeave's stock dropped 14% after the renter of artificial intelligence data centers reported a bigger-than-expected loss. In its second quarterly financial results as a public company, CoreWeave reported an adjusted loss of 27 cents per share, compared to a 21-cent loss per share expected by analysts polled by LSEG. CoreWeave's results came as the lock-up period following its initial public offering is set to expire Thursday evening and potentially add volatility to shares. The term refers to a set period of time following a market debut when insiders are restricted from selling shares. "We remain constructive long term and are encouraged by today's data points, but see near-term upside capped by the potential CORZ related dilution and uncertainty, and the pending lock-up expiration on Thursday," wrote analysts at Stifel, referencing the recent acquisition of Core Scientific. Shares of Core Scientific fell 7% Wednesday. In the current quarter, the company projects $1.26 billion to $1.30 billion in revenue. Analysts polled by LSEG forecasted $1.25 billion. CoreWeave also lifted 2025 revenue guidance to between $5.15 billion and $5.35, up from a $4.9 billion to $5.1 billion forecast provided in May and above a $5.05 billion estimate. Some analysts were hoping for stronger guidance given the stock's massive surge since going public in March. Others highlighted light capital expenditures guidance and a delay in some spending until the fourth quarter as a potential point of weakness. "This delay in capex highlights the uncertainty around deployment time; as go-live timing is pushed, in-period revenue recognition will be smaller," wrote analysts at Morgan Stanley. The AI infrastructure provider said revenue more than tripled from a year ago to $1.21 billion as it continues to benefit from surging AI demand. That also surpassed a $1.08 billion forecast from Wall Street. Finance chief Nitin Agrawal also said during a call with analysts that demand outweighs supply. The New Jersey-based company, whose customers include OpenAI, Microsoft and Nvidia, also said it has recently signed expansion deals with hyperscale customers. CoreWeave acquired AI model monitoring startup Weights and Biases for $1.4 billion during the period and said it finished the quarter with a $30.1 billion revenue backlog.
Fox News
37 minutes ago
- Fox News
Treasury sanctions 'brutally violent' cartel for timeshare fraud in tourist destination, warns Americans
FIRST ON FOX: The Treasury Department sanctioned a network of individuals linked to a "brutally violent" cartel for hundreds of millions of dollars of timeshare fraud targeting Americans in popular tourist destination Puerto Vallarta, Mexico, Fox News Digital has learned. The Treasury Department is now warning current U.S.-based owners of timeshares and those considering the purchase of a Mexico-based timeshare, to conduct "appropriate due diligence." Officials warn that the scams often target older Americans who can lose their life savings. The Treasury Department's Office of Foreign Assets Control imposed sanctions on four Mexican individuals and 13 Mexican companies linked to timeshare fraud led by the Cartel de Jalisco Nueva Generacion (CJNG). The individuals linked to the fraud are based in or near Puerto Vallarta. "We are coming for terrorist drug cartels like Cartel de Jalisco Nueva Generacion that are flooding our country with fentanyl," Secretary of the Treasury Scott Bessent said in a statement. "These cartels continue to create new ways to generate revenue to fuel their terrorist operations. At President Trump's direction, we will continue our effort to completely eradicate the cartels' ability to generate revenue, including their efforts to prey on elderly Americans through timeshare fraud." The three senior CJNG members most involved in timeshare fraud sanctioned Wednesday are Julio Cesar Montero Pinzon (Montero), Carlos Andres Rivera Varela (Rivera), and Francisco Javier Gudino Haro (Gudino). Additionally, Puerto Vallarta native Michael Ibarra Diaz Jr. (Ibarra) was sanctioned. Treasury says Ibarra is "engaged in timeshare fraud on behalf of CJNG." The companies sanctioned are Akali Realtors, Centro Mediador De La Costa, S.A. de C.V., Corporativo Integral De La Costa, S.A. de C.V., Corporativo Costa Norte, S.A. de C.V., and Sunmex Travel, S. de R.L. De C.V. They "explicitly acknowledge their involvement in the timeshare industry." Another company involved in timeshare-related transactions that was sanctioned is TTR Go, S.A. de C.V. They claim only to be a travel agency. Three additional companies were sanctioned for their alleged real estate activities: Inmobiliaria Integral Del Puerto, S.A. de C.V., KVY Bucerias, S.A. de C.V., and Servicios Inmobiliarios Ibadi, S.A. de C.V. "This diverse corporate network also includes tour operators (Fishing Are Us, S. De R.L. de C.V.; Santamaria Cruise, S. de R.L. de C.V.), an automotive service company (Laminado Profesional Automotriz Elte, S.A. de C.V.), and an accounting firm (Consultorias Profesionales Almida, S.A. de C.V.). Cartel de Jalisco Nueva Generacion is a U.S.-designated Foreign Terrorist Organization. Officials said the cartel is increasingly supplementing its drug trafficking proceeds with alternative revenue streams like timeshare fraud and fuel theft. "Treasury has taken a series of actions targeting the diverse revenue streams benefitting the cartels, including fuel theft, human smuggling, extortion, and fraud," the Treasury Department said. "As Treasury and its partners seek to disrupt the cartels' revenue streams, it is important to remind current owners of timeshares in Mexico: If an unsolicited purchase or rental offer seems too good to be true, it probably is." Treasury added: "Those considering the purchase of a timeshare in Mexico should conduct appropriate due diligence." Officials said Mexico-based cartels have been targeting U.S. owners of timeshares through call centers in Mexico staffed by telemarketers in fluent English. Officials said that beginning in 2012, CJNG took control of timeshare fraud schemes in Puerto Vallarta, Jalisco, Mexico, and the surrounding area. The scams often target older Americans "who can lose their live savings," officials warned, adding that the lifecycle of the scams can "last years, resulting in financial and emotional devastation of the victims while enriching cartels like CJNG." Officials said the cartels typically obtain information about U.S. owners of timeshares in Mexico from "complicit insiders at timeshare resorts." "After obtaining information on timeshare owners, the cartels, through their call centers, contact victims by phone or email and claim to be U.S.-based third-party timeshare brokers, attorneys, or sales representatives in the timeshare, travel, real estate, or financial services industries," the Treasury Department said. Officials explained that the fraud may include timeshare exit scams, or resale scams, timeshare re-rent scams, and timeshare investment scams. "The common theme is that victims are asked to pay advance 'fees' and 'taxes' before receiving money supposedly owed to them," officials warned. "This money never comes, and the victims are continuously told to send these 'fees' and 'taxes' via international wire transfers to accounts held at Mexican banks and brokerage houses." After initial scams, officials warn that "re-victimization scams can occur." In July 2024, Treasury Department's Financial Crimes Enforcement Network and the FBI issued a joint-notice on the timeshare fraud associated with Mexico-based cartels and criminal organizations. In the six month period following that notice, FinCEN received more than 250 Suspicious Activity Reports, and filers reported approximately 1,300 transactions totaling $23.1 million, sent primarily from U.S. based individuals to counterparties in Mexico. Based on FinCEN's analysis, U.S. fraud victims sent an average of $28,912 and a median amount of $10,000 per transaction to the suspected scammers since July 2024. The FBI says approximately 6,000 U.S. victims reported losing nearly $300 million between 2019 and 2023 to timeshare fraud schemes in Mexico. But officials said that figure "likely underestimates total losses, as the FBI believes the vast majority of victims not report the scam due to embarrassment, among other reasons."
