The New Technologies Buoying Efforts to Cut Ship Emissions
Across the far reaches of the ocean, hundreds of yellow, beach ball-sized buoys called Spotters bob in the swell, silently measuring surface temperature, wind speed, atmospheric pressure and wave height. The real-time data they collect alerts cargo ship captains of the best routes to cut their carbon emissions.
At the waterfront offices of San Francisco startup Sofar Ocean, which makes the Spotters, a large wall screen displays the locations of the buoys and client ships as they crisscross the globe. As one owned by Singapore-based Berge Bulk rounds the Cape of Good Hope, Sofar's service notifies the captain that adjusting the vessel's trajectory to take advantage of a nearby ocean current would save $13,000 in fuel costs and reduce the journey's carbon emissions by 11 metric tons.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
34 minutes ago
- Yahoo
BCI Invests in KKR Tower Platform Pinnacle Towers
SINGAPORE & VICTORIA, Canada, June 09, 2025--(BUSINESS WIRE)--KKR, a leading global investment firm, British Columbia Investment Management Corporation ("BCI"), and Pinnacle Towers, an Asia-based digital infrastructure platform with a focus on the Philippines, today announced the signing of definitive agreements under which BCI will acquire a minority stake in Pinnacle Towers from KKR, which will remain the majority shareholder. Pinnacle Towers was established in 2020 to serve the rapidly increasing demand for connectivity and quality telecommunications infrastructure in the Philippines. Led by a highly experienced management team, the platform specializes in executing on Build-to-Suit ("BTS") telecommunications tower projects, optimizing the use and management of Sale-and-Leaseback ("SLB") assets with leading mobile network operators, and providing ancillary management services to industry players. In the span of five years, Pinnacle Towers has scaled to become the largest independent tower company in the Philippines with around 7,000 towers.1 Lincoln Webb, Executive Vice President & Global Head, Infrastructure & Renewable Resources, BCI, said, "We are excited to work closely with KKR and Pinnacle's management team to support the growth of the business. The Philippines represents a compelling market for long-term capital, especially in essential digital infrastructure services. This investment aligns with our emerging markets strategy of backing high-quality infrastructure assets alongside strong institutional partners. We look forward to supporting Pinnacle Towers as it continues to enhance digital connectivity and drive meaningful impact across the Philippines." Projesh Banerjea, Managing Director, Infrastructure, KKR, said, "We are very proud of the success that we have achieved with Pinnacle Towers to serve the Philippines' connectivity needs. Since our initial investment, we have collaborated closely with Pinnacle Towers' outstanding management team to deepen the platform's capabilities and scale its presence organically and through bolt-on acquisitions. We are delighted to welcome BCI, who share our long-term vision and commitment to developing critical digital infrastructure, as strategic partners and look forward to building on Pinnacle Towers' strong growth momentum." Patrick Tangney, Chairman and CEO of Pinnacle Towers, said, "Over the last five years, with the support of KKR, Pinnacle Towers has grown to become the leading independent tower company in the Philippines. BCI's investment marks an important milestone in our journey and is a strong endorsement of our mission. With BCI and KKR as strategic partners, we are well-positioned to continue driving greater digital connectivity in the Philippines and across the region." BCI Infrastructure & Renewable Resources has a global portfolio with nine active investments in the Asia-Pacific region, including Rakuten Mobile (a leading communications tower company in Japan), Altius (a leading communications tower company in India), and Cube Highways (the largest toll road operator in India). The program continues to expand its presence in the region with the addition of this minority stake acquisition in Pinnacle Towers. KKR made its investment in Pinnacle Towers from its Asia Infrastructure Funds I and II. KKR first established its global infrastructure team and strategy in 2008 and has since been one of the most active infrastructure investors around the world. KKR's Asia Pacific infrastructure platform was established in 2019 and has since organically grown to approximately US$13 billion in assets under management. The transaction is expected to be completed by Q3 2025, subject to customary regulatory approvals. About BCI British Columbia Investment Management Corporation (BCI) is amongst the largest institutional investors in Canada, with C$250.4 billion in gross assets under management as of March 31, 2024. Based in Victoria, British Columbia, with offices in Vancouver, New York, and London, U.K., BCI manages a portfolio of diversified public and private market investments on behalf of its British Columbia pension fund and institutional clients. Learn more at About KKR KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website at For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group's website at About Pinnacle Towers Pinnacle invests in, builds and operates telecommunications infrastructure with a focus on towers and related assets. Pinnacle is an Asia-focused digital infrastructure platform with a strong focus on the rapidly growing Philippines market. Frontier's leadership team includes founders of a number of highly successful tower companies and former C-level executives from some of the world's leading wireless operators. KKR first invested in Pinnacle Towers in 2020. _____________________ 1 Including sites contracted to build or acquire View source version on Contacts Media Contacts For BCIOlga Petrycki+1 778 410 7310media@ For KKR Asia PacificWei Jun Ong+65 6922 For Pinnacle TowersHendrik-Jan KroonHendrik@
Business Wire
38 minutes ago
- Business Wire
BCI Invests in KKR Tower Platform Pinnacle Towers
SINGAPORE & VICTORIA, Canada--(BUSINESS WIRE)--KKR, a leading global investment firm, British Columbia Investment Management Corporation ('BCI'), and Pinnacle Towers, an Asia-based digital infrastructure platform with a focus on the Philippines, today announced the signing of definitive agreements under which BCI will acquire a minority stake in Pinnacle Towers from KKR, which will remain the majority shareholder. Pinnacle Towers was established in 2020 to serve the rapidly increasing demand for connectivity and quality telecommunications infrastructure in the Philippines. Led by a highly experienced management team, the platform specializes in executing on Build-to-Suit ('BTS') telecommunications tower projects, optimizing the use and management of Sale-and-Leaseback ('SLB') assets with leading mobile network operators, and providing ancillary management services to industry players. In the span of five years, Pinnacle Towers has scaled to become the largest independent tower company in the Philippines with around 7,000 towers. 1 Lincoln Webb, Executive Vice President & Global Head, Infrastructure & Renewable Resources, BCI, said, 'We are excited to work closely with KKR and Pinnacle's management team to support the growth of the business. The Philippines represents a compelling market for long-term capital, especially in essential digital infrastructure services. This investment aligns with our emerging markets strategy of backing high-quality infrastructure assets alongside strong institutional partners. We look forward to supporting Pinnacle Towers as it continues to enhance digital connectivity and drive meaningful impact across the Philippines.' Projesh Banerjea, Managing Director, Infrastructure, KKR, said, 'We are very proud of the success that we have achieved with Pinnacle Towers to serve the Philippines' connectivity needs. Since our initial investment, we have collaborated closely with Pinnacle Towers' outstanding management team to deepen the platform's capabilities and scale its presence organically and through bolt-on acquisitions. We are delighted to welcome BCI, who share our long-term vision and commitment to developing critical digital infrastructure, as strategic partners and look forward to building on Pinnacle Towers' strong growth momentum.' Patrick Tangney, Chairman and CEO of Pinnacle Towers, said, 'Over the last five years, with the support of KKR, Pinnacle Towers has grown to become the leading independent tower company in the Philippines. BCI's investment marks an important milestone in our journey and is a strong endorsement of our mission. With BCI and KKR as strategic partners, we are well-positioned to continue driving greater digital connectivity in the Philippines and across the region.' BCI Infrastructure & Renewable Resources has a global portfolio with nine active investments in the Asia-Pacific region, including Rakuten Mobile (a leading communications tower company in Japan), Altius (a leading communications tower company in India), and Cube Highways (the largest toll road operator in India). The program continues to expand its presence in the region with the addition of this minority stake acquisition in Pinnacle Towers. KKR made its investment in Pinnacle Towers from its Asia Infrastructure Funds I and II. KKR first established its global infrastructure team and strategy in 2008 and has since been one of the most active infrastructure investors around the world. KKR's Asia Pacific infrastructure platform was established in 2019 and has since organically grown to approximately US$13 billion in assets under management. The transaction is expected to be completed by Q3 2025, subject to customary regulatory approvals. About BCI British Columbia Investment Management Corporation (BCI) is amongst the largest institutional investors in Canada, with C$250.4 billion in gross assets under management as of March 31, 2024. Based in Victoria, British Columbia, with offices in Vancouver, New York, and London, U.K., BCI manages a portfolio of diversified public and private market investments on behalf of its British Columbia pension fund and institutional clients. Learn more at About KKR KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website at For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group's website at Pinnacle invests in, builds and operates telecommunications infrastructure with a focus on towers and related assets. Pinnacle is an Asia-focused digital infrastructure platform with a strong focus on the rapidly growing Philippines market. Frontier's leadership team includes founders of a number of highly successful tower companies and former C-level executives from some of the world's leading wireless operators. KKR first invested in Pinnacle Towers in 2020.
Associated Press
an hour ago
- Associated Press
Vallous International Launches Energy Efficiency Initiative Aligned with Singapore Green Plan 2030
SINGAPORE - Media OutReach Newswire - 9 June 2025 - Vallous International has announced the launch of its Energy Efficiency Initiative, a bold step toward building resilient, future-ready infrastructure in alignment with the Singapore Green Plan 2030. Vallous International Launches Energy Efficiency Initiative Aligned with Singapore Green Plan 2030 Transforming Infrastructure for the Future This programme targets organisations across Singapore, ranging from commercial & industrial buildings to data centres. The objective is to enhance their performance in sustainability, energy efficiency, and operational resiliency. Recognising that power resiliency is now a strategic business enabler rather than a mere technical function, Vallous International aims to address critical challenges, such as outdated systems, fragmented vendor environments, and rising sustainability demands. Many existing infrastructures fall short of today's carbon-conscious standards and are not equipped to handle modern AI workloads or grid instabilities. 'Our clients need intelligent, integrated systems that can keep operations running 24/7 while promoting energy efficiency,' said Matthew Kee, Head of Solutions & Operations at Vallous International. 'We saw a clear opportunity to support businesses with brand-agnostic, full-service infrastructure solutions that are sustainable, resilient, and future-proof.' Key Goals and Measurable Impact Vallous International adopts a continuous improvement approach—Plan, Measure, Review, Refine—to help clients achieve and exceed their energy-saving targets. The company will track the success of this initiative through these key metrics: Real-World Results and Community Impact Initial implementations have already shown results: Focusing on UPS data centres, this project marked a 12-month uptime record with a 30% reduction in energy usage and Green Mark certification. Enabled smaller enterprises to enhance critical infrastructure with reduced downtime and improved customer satisfaction scores. As these projects scale, Vallous anticipates lower energy consumption across Singapore's commercial sectors. This should be achieved without compromising business continuity or end-user experience. Stakeholder and Ecosystem Engagement Employee engagement is central to the initiative's success, with internal teams and partners encouraged to share success stories and champion sustainability goals. Vallous International also strengthens its ecosystem approach by working closely with OEMs, SMEs, and public agencies to deliver integrated, multi-vendor infrastructure solutions. 'This energy efficiency initiative is more than just a CSR exercise; it also offers a strategic advantage,' as revealed by Peggy Chng, Managing Director at Vallous International. 'Aligned with our sustainability priorities, this initiative boosts our brand reputation and deepens client trust. We would also like to thank our partners for multiplying the positive impact.' Future Outlook With this initiative, Vallous reinforces its commitment to supporting business continuity and environmental leadership. In line with the Singapore Green Plan 2030, the company looks to set a precedent for how technology and sustainability can intersect to drive meaningful, scalable change. Hashtag: #VallousInternational #SustainableInnovation #GreenPlan2030 The issuer is solely responsible for the content of this announcement. About Vallous International Pte Ltd Vallous International specialises in critical power solutions, data centre engineering, IT infrastructure, connectivity, and maintenance support. The company supports the core operations of digitally focused organisations through resilient, future-ready technology and infrastructure.
