Latest news with #Berggren
Business Insider
4 days ago
- Business
- Business Insider
Kepler Capital Reaffirms Their Buy Rating on Swedish Orphan Biovitrum AB (0MTD)
Kepler Capital analyst Jon Berggren maintained a Buy rating on Swedish Orphan Biovitrum AB (0MTD – Research Report) on June 4 and set a price target of SEK350.00. The company's shares closed last Wednesday at SEK303.25. Confident Investing Starts Here: Berggren covers the Healthcare sector, focusing on stocks such as Swedish Orphan Biovitrum AB, Herantis Pharma, and Nightingale Health Oyj Class B. According to TipRanks, Berggren has an average return of 9.5% and a 55.10% success rate on recommended stocks. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Swedish Orphan Biovitrum AB with a SEK363.00 average price target. Based on Swedish Orphan Biovitrum AB's latest earnings release for the quarter ending March 30, the company reported a quarterly revenue of SEK6.47 billion and a net profit of SEK875 million. In comparison, last year the company earned a revenue of SEK6.26 billion and had a net profit of SEK800 million
Newsweek
30-05-2025
- Climate
- Newsweek
Lake Mead Warning Issued: 'On a Knife's Edge'
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. A warning has been issued over low water levels at Lake Mead and Lake Powell, with advocates saying the Colorado River Basin is "on a knife's edge." Dry conditions and disappointing runoff from winter snowpack have sharply reduced the Colorado River's flow, straining a vital water supply for millions across the American Southwest. Why It Matters Lake Mead is a vital water source for millions of people across Nevada, Arizona, California, and parts of Mexico. Its declining levels could potentially jeopardize municipal water supplies, agricultural irrigation, and hydroelectric power generation. A ferry boat passes Rock Island rises on Lake Mead along the Colorado River on March 14, 2025 in Boulder City, Nevada. A ferry boat passes Rock Island rises on Lake Mead along the Colorado River on March 14, 2025 in Boulder City, To Know As of May 30, Lake Mead's water level measured 1,057.43 feet mean sea level (MSL), 171.57 feet below its full pool of 1,229. Lake Powell was at 3,558.92 feet MSL, 141.08 feet below its full pool of 3,700 feet, according to Lakes Online, an online resource for lake and reservoir information. The levels, combined with disappointing snowmelts, have raised the prospect of deeper shortages and cutbacks in water deliveries in the years ahead, according to the Los Angeles Times. John Berggren, the regional policy manager for the nonprofit group Western Resource Advocates, told the paper, "Increasing temperatures in recent decades are having a real impact on runoff." "It's something that, unfortunately, we're going to see more and more of, where you need well above average snowpack to come somewhere close to average runoff because of the warming temperatures," he continued. "We're kind of on a knife's edge between being OK and being in very scary, catastrophic situations," Berggren added. Lake Mead is the largest reservoir in the U.S., with a capacity of nearly 29 million acre-feet of water. It is followed closely by Lake Powell, which can hold some 26 million acre-feet. Lake Mead, which receives flows from Lake Powell, hit critically low levels during the summer of 2022 following years of drought. Levels have somewhat recovered since. What People Are Saying Daniel Swain, a climate scientist at UCLA, told the Los Angeles Times: "This is another year that is not going to help the Colorado basin's long-term water crisis. It's going to make things worse. This year will once again be putting more stress on the Colorado system." Kyle Roerink, executive director of the Great Basin Water Network, told the Las Vegas Review-Journal previously: "It's going to be a painful summer, watching the levels go down. We're getting to those dangerous levels we saw a few years ago." "These types of runoff conditions make water managers nervous. They make NGOs nervous, and they certainly make water users nervous." What Happens Next An earlier study from UCLA and the Natural Resources Defense Council suggested that raising wastewater recycling to 40 percent in the Colorado Basin could conserve nearly 900,000 acre-feet annually, potentially supplying nearly two million households.
Yahoo
16-05-2025
- Climate
- Yahoo
Speedboat re-emerges at Lake Mead, a reminder summer's dropping water levels
LAS VEGAS (KLAS) — Like a ghost of summers gone by, a speedboat sticking out of the bottom of Lake Mead is back to remind Las Vegas of what could be next for our water supply. Protruding about 8 feet above the lake's surface, the boat still has about 14 feet to show. We last saw it in all its glory in August 2022, rising from the lakebed and earning names like 'Lake Mead monolith' and 'the vertical speedboat.' It became a landmark, or watermark, if you will. Now, it's not in the public eye much. The National Park Service closed Government Wash to vehicle traffic last summer after campers turned into long-term residents and trash started to build up. Photos taken by boaters pop up occasionally on social media. A report released today shows water levels will continue to drop at Lake Mead through the end of July, but only about 6 feet below where they are now. The U.S. Bureau of Reclamation's 24-month study shows the lake surface at 1,053.62 feet above sea level by the end of July before rebounding through February 2026, rising 8 feet to 1,061.30 feet. The lake is at 1,059.56 feet as of noon Thursday. Even if Lake Mead won't drop to its 2021 and 2022 levels this year, the news isn't uplifting. Reclamation's projections today seem to defy reports that streamflow into Lake Powell is expected to be about 55% of average, even though snowpack levels reached a peak of 91% on April 8. But looking further into the future, Lake Mead is expected to keep going lower in 2026. Some of the lowest levels that show up in the projections: 1,047.80 — July 2026 1,046.87 — November 2026 1,048.40 — December 2026 1,047.40 — April 2027 Those figures, and particularly the December number, could have serious implications. In August, the Bureau of Reclamation uses Lake Mead's level to set water shortage restrictions that apply to Nevada, Arizona and California. Currently, we're under Tier 1 water restrictions. If Lake Mead is projected to be below 1,050 feet when Reclamation reports in August, states would lose some of their water allocations. 'We're not talking about dead pool this year,' John Berggren of Western Resource Advocates said earlier this week. Dead pool is at 895 feet, when water behind the dam drops lower than pipes used to let water out to flow downstream. When we spoke with Berggren about a month ago, streamflow projections showed Lake Powell inflow at 67%, but it had dropped from 74% projected just two weeks earlier. Now, that number is 55%. For Berggren, the statistics are most concerning because the federal government needs a plan when the current Colorado River guidelines expire. If a new plan isn't in place, rules will revert to a century-old document called the Colorado River Compact — commonly called 'The Law of the River.' What we need, he said, is a plan that is robust enough to account for the reality of a Colorado River that simply has less water than it did when those rules were written 100 years ago. Even the most recent guidelines adopted in 2007 were woefully inadequate to deal with drought conditions that began in 2000 and don't appear to be ending anytime soon. It's not a temporary problem, Berggren said. It demands a long-term fix. About 90% of the water used in Southern Nevada comes from Lake Mead, sucked out through an intake at the bottom of the lake. The majority of the water that comes down the river into Lake Mead belongs to California, which has senior water rights under the Law of the River. On July 27, 2022 — only about three years ago — Lake Mead reached its lowest point since it was filled in the 1930s, dropping to 1,041.71 feet. A wet winter in 2023 helped refill lakes Mead and Powell, the biggest and second-biggest reservoirs in the U.S., after they had dropped to about a fourth of their capacity. Now, Lake Mead is 32% full and Lake Powell is 33% full. The speedboat has been almost like a gauge that tells everyone if the lake is rising or falling. It's a little easier to read than the 'bathtub ring' at Lake Mead that is now somewhere near 170 feet tall. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
15-05-2025
- Business
- Yahoo
Berg Chilling Systems Delivers Advanced Cooling System for NASA's Artemis IV Moon Mission
Canadian Manufacturer Engineers One of the Most Extreme Refrigeration Systems Ever Built TORONTO, May 15, 2025 /CNW/ - Berg Chilling Systems is proud to announce its role in NASA's Artemis Program, supplying a mission-critical cooling system for the Orion crew capsule as part of Artemis IV. In partnership with Bechtel Corporation, Berg designed and manufactured a custom refrigeration system that will sit atop NASA's Mobile Launcher 2 (ML2) at Kennedy Space Center in Florida. Delivered in May 2025, this system represents a major milestone in Berg's legacy of innovation in thermal process control—meeting unprecedented engineering challenges to support the next phase of human space exploration. Extreme Engineering for an Extraordinary MissionUnlike typical rocket cooling systems located far from launch structures, NASA required Berg's system to be installed directly on ML2, adjacent to the Orion spacecraft, high atop of the 392-foot-tall structure—subjecting it to some of the harshest conditions imaginable. The system had to: Withstand temperatures exceeding 1,200°C (2,200°F) produced by NASA's Space Launch System (SLS) Survive the vibration and forces associated with over 890 kPa (130 psi) of blast pressures and 8.9 million pounds of thrust produced by the SLS Resist decades of corrosion from the SLS's exhaust and Florida's coastal environment Remain fully functional for 25 years across multiple missions Berg's engineers performed extensive simulations and rigorous vibration testing to validate performance under launch conditions. The result: a robust, high-performance cooling system engineered to last through the Artemis era and beyond. A Defining Moment for Canadian Innovation"This is one of the most technically demanding projects in our company's 50-year history," said Don Berggren, President of Berg Chilling Systems. "Our team pushed the boundaries of what's possible in industrial refrigeration. We're honored to contribute to humanity's vision for long-term lunar presence—and to once again showcase Canadian innovation on the global stage." Berg began collaboration with NASA for a prototype system in 2019. What started as a straightforward cooling concept evolved into what is likely the world's most extreme refrigeration application. "Tackling our clients' toughest cooling challenges is what we do best," added Berggren. "This project has been one of the most rewarding journeys we've ever undertaken." Looking Ahead: Artemis IV and BeyondThe cooling system is set to go into service for Artemis IV in 2028—NASA's mission to deliver astronauts to the Lunar Gateway, humanity's first permanent lunar space station. It will serve as a launchpad for future missions deeper into space, including to Mars. With Artemis IV laying the foundation for sustained lunar presence, Berg is proud to bring cutting-edge Canadian cooling technology here on earth and beyond—reinforcing its commitment to excellence in even the most extreme environments. About NASA's Artemis IV MissionNASA's Artemis Program is returning humans to the Moon for the first time in over 50 years, establishing a long-term lunar presence and preparing for human exploration of Mars. Artemis IV, scheduled for 2028, will be the first crewed mission to the Lunar Gateway. Learn more: About Bechtel's Mobile Launcher 2 (ML2)ML2 is NASA's next-generation ground support platform for the SLS rocket. Designed for extreme liftoff conditions, ML2 integrates critical systems such as fueling, power, crew access, and safety. Learn more: About Berg Chilling SystemsBased in Toronto, Berg Chilling Systems has delivered over 5,000 custom cooling solutions across 30 industries in more than 50 countries. With a reputation for engineering excellence, Berg specializes in thermal process control systems tailored to complex and demanding environments. Learn more at SOURCE Berg Chilling Systems Inc. View original content to download multimedia: 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
Cision Canada
15-05-2025
- Business
- Cision Canada
Berg Chilling Systems Delivers Advanced Cooling System for NASA's Artemis IV Moon Mission
Canadian Manufacturer Engineers One of the Most Extreme Refrigeration Systems Ever Built TORONTO, May 15, 2025 /CNW/ - Berg Chilling Systems is proud to announce its role in NASA's Artemis Program, supplying a mission-critical cooling system for the Orion crew capsule as part of Artemis IV. In partnership with Bechtel Corporation, Berg designed and manufactured a custom refrigeration system that will sit atop NASA's Mobile Launcher 2 (ML2) at Kennedy Space Center in Florida. Delivered in May 2025, this system represents a major milestone in Berg's legacy of innovation in thermal process control—meeting unprecedented engineering challenges to support the next phase of human space exploration. Extreme Engineering for an Extraordinary Mission Unlike typical rocket cooling systems located far from launch structures, NASA required Berg's system to be installed directly on ML2, adjacent to the Orion spacecraft, high atop of the 392-foot-tall structure—subjecting it to some of the harshest conditions imaginable. The system had to: Withstand temperatures exceeding 1,200°C (2,200°F) produced by NASA's Space Launch System (SLS) Survive the vibration and forces associated with over 890 kPa (130 psi) of blast pressures and 8.9 million pounds of thrust produced by the SLS Resist decades of corrosion from the SLS's exhaust and Florida's coastal environment Remain fully functional for 25 years across multiple missions Berg's engineers performed extensive simulations and rigorous vibration testing to validate performance under launch conditions. The result: a robust, high-performance cooling system engineered to last through the Artemis era and beyond. A Defining Moment for Canadian Innovation "This is one of the most technically demanding projects in our company's 50-year history," said Don Berggren, President of Berg Chilling Systems. "Our team pushed the boundaries of what's possible in industrial refrigeration. We're honored to contribute to humanity's vision for long-term lunar presence—and to once again showcase Canadian innovation on the global stage." Berg began collaboration with NASA for a prototype system in 2019. What started as a straightforward cooling concept evolved into what is likely the world's most extreme refrigeration application. "Tackling our clients' toughest cooling challenges is what we do best," added Berggren. "This project has been one of the most rewarding journeys we've ever undertaken." Looking Ahead: Artemis IV and Beyond The cooling system is set to go into service for Artemis IV in 2028 —NASA's mission to deliver astronauts to the Lunar Gateway, humanity's first permanent lunar space station. It will serve as a launchpad for future missions deeper into space, including to Mars. With Artemis IV laying the foundation for sustained lunar presence, Berg is proud to bring cutting-edge Canadian cooling technology here on earth and beyond—reinforcing its commitment to excellence in even the most extreme environments. About NASA's Artemis IV Mission NASA's Artemis Program is returning humans to the Moon for the first time in over 50 years, establishing a long-term lunar presence and preparing for human exploration of Mars. Artemis IV, scheduled for 2028, will be the first crewed mission to the Lunar Gateway. Learn more:
