Latest news with #Cogo
Techday NZ
5 days ago
- Business
- Techday NZ
ASB & Cogo launch calculator to help Kiwis save energy costs
ASB has introduced an online energy calculator in partnership with carbon management fintech Cogo, offering Kiwis a digital tool to calculate energy savings from home and vehicle electrification. The online calculator allows users to assess the efficiency of their homes and vehicles. It shows potential cost savings when switching to electric heating, appliances, or vehicles. This approach is designed to help both ASB customers and other New Zealand households make informed decisions that could result in significant savings and increased sustainability. Energy savings explained According to research referenced by ASB, consumers could save up to NZD $3,000 per year in energy costs through changes such as switching to electric vehicles or replacing old gas appliances with electrical alternatives. The calculator provides tailored estimates for each home based on property details, energy use, and desired upgrades. David Jackson, ASB Lend and Protect Tribe Lead, highlighted the collaboration, stating, "The Cogo team are experts in their field at building technology that has great economic and environmental value. We're thrilled to be leading the way by providing this online tool to our customers and to all Kiwi." "Based on research conducted by Rewiring Aotearoa, consumers could save up to $3,000 per year in energy costs with changes such as switching to an EV when it's time for a new car and replacing old gas appliances with electricity. It means that customers looking to upgrade, are able to make an informed decision on cost-effective long-term choices that are also sustainable." The tool forms part of what ASB describes as an 'electrification ecosystem' on its website. Users receive personalised recommendations detailing possible changes to reduce energy use, the initial investment required, and projected annual savings. Real-world scenarios In one example provided by ASB, a four-person household in Birkenhead, Auckland, might save NZD $1,400 per year by switching their heating, hot water, and cooktops to electric options, with estimated upfront costs starting from NZD $15,500. Adding solar installations, at upfront costs from NZD $11,000, could boost savings by an additional NZD $1,600 per year. Opting for an electric vehicle, potentially costing NZD $49,990, may result in another NZD $1,200 saved annually on vehicle running expenses. The calculator also suggests electric vehicle models that closely match users' current vehicles, simplifying the upgrade decision. Once a user has finalised plans using the calculator, they can connect with Cogo's network of installers who offer exclusive discounts or liaise with ASB's finance team to discuss borrowing options to cover upfront costs. Eligible customers may be able to borrow up to NZD $80,000 at 1% interest for three years via the 'Better Homes Top Up' offer. Strategic partnership ASB is the first New Zealand bank to adopt Cogo's Home and Vehicle Electrification solution. The partnership supports a move toward sustainable energy adoption among residents, making the process more accessible by integrating information, supplier connections, and finance within one platform. Cogo founder and Chief Executive Officer, Ben Gleisner, commented on the alignment between the two organisations, stating, "We share a strong alignment with ASB in our mission to encourage people to take personal action on climate change, and electrifying their homes and cars is a great way to start. Success for us would be thousands of Kiwi making changes that save them money and reduce their carbon footprint." The Better Energy Calculator is accessible to all Kiwis via the ASB website, offering a practical tool for both householders and vehicle owners to explore potential benefits before committing to upgrades or financial products.
Scoop
7 days ago
- Business
- Scoop
ASB And Cogo Launch Online Energy Calculator To Help Customers Save Thousands A Year By Switching To Electric
Press Release – ASB Bank The Better Energy Calculator is available now, to anyone, on the ASB website: Get better energy with ASB. When homeowners are ready to upgrade, they can use the Better Energy Calculator to view and compare options and energy savings that are specific … ASB has partnered with global carbon management fintech Cogo to launch a new online calculator which enables Kiwi to measure, understand and optimise the efficiency of their home and vehicle, helping to lower costs, while making their homes more sustainable. When homeowners are ready to upgrade, they can use the Better Energy Calculator to view and compare options and energy savings that are specific to their property. By choosing to switch heating, appliances or their vehicle to electric, ASB customers stand to benefit from installation discounts and could borrow up to $80,000 at 1% for up to three years through the 'Better Homes Top Up' for eligible upgrades. ASB Lend and Protect Tribe Lead, David Jackson says: 'The Cogo team are experts in their field at building technology that has great economic and environmental value. We're thrilled to be leading the way by providing this online tool to our customers and to all Kiwi. 'Based on research conducted by Rewiring Aotearoa, [1] consumers could save up to $3,000 per year in energy costs with changes such as switching to an EV when it's time for a new car and replacing old gas appliances with electricity. It means that customers looking to upgrade, are able to make an informed decision on cost-effective long-term choices that are also sustainable.' ASB is the first bank in New Zealand to offer Cogo's Home and Vehicle Electrification solution. It's part of an 'electrification ecosystem' on ASB's website, which offers personalised suggestions on changes energy users could make, and the upfront costs and potential savings of these changes. For example, the Better Energy Calculator shows that for a four-person dwelling in the Auckland suburb of Birkenhead, a homeowner could save $1,400 per year by switching their heating, hot water and cook tops to electric, with upfront costs from $15,500. Adding solar to the home increases potential savings by an additional $1,600 per year, based on upfront costs from $11,000. In fact, if they go electric with their next vehicle (costing $49,990), this homeowner could save another $1,200 per year on car running costs. [2] With a click of a mouse, people can connect directly with Cogo's trusted installers offering exclusive discounts, and with the ASB team, who can support with financing of upfront costs. The Better Energy Calculator even removes the hard work of research by suggesting EVs most similar to the user's existing vehicle. Cogo founder and CEO, Ben Gleisner says: 'We share a strong alignment with ASB in our mission to encourage people to take personal action on climate change, and electrifying their homes and cars is a great way to start. Success for us would be thousands of Kiwi making changes that save them money and reduce their carbon footprint.' The Better Energy Calculator is available now, to anyone, on the ASB website:
Scoop
7 days ago
- Business
- Scoop
ASB And Cogo Launch Online Energy Calculator To Help Customers Save Thousands A Year By Switching To Electric
Press Release – ASB Bank The Better Energy Calculator is available now, to anyone, on the ASB website: Get better energy with ASB. When homeowners are ready to upgrade, they can use the Better Energy Calculator to view and compare options and energy savings that are specific … ASB has partnered with global carbon management fintech Cogo to launch a new online calculator which enables Kiwi to measure, understand and optimise the efficiency of their home and vehicle, helping to lower costs, while making their homes more sustainable. When homeowners are ready to upgrade, they can use the Better Energy Calculator to view and compare options and energy savings that are specific to their property. By choosing to switch heating, appliances or their vehicle to electric, ASB customers stand to benefit from installation discounts and could borrow up to $80,000 at 1% for up to three years through the 'Better Homes Top Up' for eligible upgrades. ASB Lend and Protect Tribe Lead, David Jackson says: 'The Cogo team are experts in their field at building technology that has great economic and environmental value. We're thrilled to be leading the way by providing this online tool to our customers and to all Kiwi. 'Based on research conducted by Rewiring Aotearoa, [1] consumers could save up to $3,000 per year in energy costs with changes such as switching to an EV when it's time for a new car and replacing old gas appliances with electricity. It means that customers looking to upgrade, are able to make an informed decision on cost-effective long-term choices that are also sustainable.' ASB is the first bank in New Zealand to offer Cogo's Home and Vehicle Electrification solution. It's part of an 'electrification ecosystem' on ASB's website, which offers personalised suggestions on changes energy users could make, and the upfront costs and potential savings of these changes. For example, the Better Energy Calculator shows that for a four-person dwelling in the Auckland suburb of Birkenhead, a homeowner could save $1,400 per year by switching their heating, hot water and cook tops to electric, with upfront costs from $15,500. Adding solar to the home increases potential savings by an additional $1,600 per year, based on upfront costs from $11,000. In fact, if they go electric with their next vehicle (costing $49,990), this homeowner could save another $1,200 per year on car running costs. [2] With a click of a mouse, people can connect directly with Cogo's trusted installers offering exclusive discounts, and with the ASB team, who can support with financing of upfront costs. The Better Energy Calculator even removes the hard work of research by suggesting EVs most similar to the user's existing vehicle. Cogo founder and CEO, Ben Gleisner says: 'We share a strong alignment with ASB in our mission to encourage people to take personal action on climate change, and electrifying their homes and cars is a great way to start. Success for us would be thousands of Kiwi making changes that save them money and reduce their carbon footprint.'
Scoop
7 days ago
- Business
- Scoop
ASB And Cogo Launch Online Energy Calculator To Help Customers Save Thousands A Year By Switching To Electric
ASB has partnered with global carbon management fintech Cogo to launch a new online calculator which enables Kiwi to measure, understand and optimise the efficiency of their home and vehicle, helping to lower costs, while making their homes more sustainable. When homeowners are ready to upgrade, they can use the Better Energy Calculator to view and compare options and energy savings that are specific to their property. By choosing to switch heating, appliances or their vehicle to electric, ASB customers stand to benefit from installation discounts and could borrow up to $80,000 at 1% for up to three years through the 'Better Homes Top Up' for eligible upgrades. ASB Lend and Protect Tribe Lead, David Jackson says: 'The Cogo team are experts in their field at building technology that has great economic and environmental value. We're thrilled to be leading the way by providing this online tool to our customers and to all Kiwi. "Based on research conducted by Rewiring Aotearoa, [1] consumers could save up to $3,000 per year in energy costs with changes such as switching to an EV when it's time for a new car and replacing old gas appliances with electricity. It means that customers looking to upgrade, are able to make an informed decision on cost-effective long-term choices that are also sustainable.' ASB is the first bank in New Zealand to offer Cogo's Home and Vehicle Electrification solution. It's part of an 'electrification ecosystem' on ASB's website, which offers personalised suggestions on changes energy users could make, and the upfront costs and potential savings of these changes. For example, the Better Energy Calculator shows that for a four-person dwelling in the Auckland suburb of Birkenhead, a homeowner could save $1,400 per year by switching their heating, hot water and cook tops to electric, with upfront costs from $15,500. Adding solar to the home increases potential savings by an additional $1,600 per year, based on upfront costs from $11,000. In fact, if they go electric with their next vehicle (costing $49,990), this homeowner could save another $1,200 per year on car running costs. [2] With a click of a mouse, people can connect directly with Cogo's trusted installers offering exclusive discounts, and with the ASB team, who can support with financing of upfront costs. The Better Energy Calculator even removes the hard work of research by suggesting EVs most similar to the user's existing vehicle. Cogo founder and CEO, Ben Gleisner says: 'We share a strong alignment with ASB in our mission to encourage people to take personal action on climate change, and electrifying their homes and cars is a great way to start. Success for us would be thousands of Kiwi making changes that save them money and reduce their carbon footprint.' The Better Energy Calculator is available now, to anyone, on the ASB website: Get better energy with ASB [1] Rewiring Aotearoa, Electric Homes Report [2] Upfront costs represent the initial outlay for the product only and do not include finance or interest rates which vary. ASB Bank Helping you get one step ahead. In 1847, ASB opened as the Auckland Savings Bank with the pledge: 'to serve the community; to grow and to help Kiwis grow'. And that is very much what ASB is about today. ASB is a leading provider of integrated financial services in New Zealand including retail, business and rural banking, funds management and insurance. ASB strives to consistently provide its customers with outstanding service and innovative financial solutions. They're dedicated to providing simple financial products that allow their customers to bank with them how and when they want. We all have our own ways to measure progress, and our own stories about the things that matter to us. Whatever way you choose to measure progress, and whatever your goals, ASB is there to help you get one step ahead.
Zawya
17-02-2025
- Business
- Zawya
Financing Oil and Gas (O&G) Projects in Congo: Increased Investment to Drive Output
As the Republic of Congo endeavors to boost its oil production to 500,000 barrels per day (bpd) by 2027 and expedite gas exploration and production, the Ministry of Hydrocarbons is simultaneously prioritizing the modernization of downstream infrastructure to address energy insecurity. With new regulatory measures, large-scale infrastructure projects and a strong push toward sustainability, the country has seen an influx of international investment, thereby strengthening Congo's momentum toward ambitious reforms in the hydrocarbon sector. Towards Increased Production The Congolese subsidiary of China Oil Natural Gas Oversees Holding Ltd (Cogo) plans to invest $150 million to boost oil production over the next three years in the Conkouati-Koui and Nanga III fields in Congo. The company will drill four wells – two in each field – with the project set to expand to include 3D seismic surveys and further data analysis. On October 3, 2024, the new Director General of Cogo's Congolese subsidiary Fublert Dzimbe presented the company's activity roadmap to the Minister of Hydrocarbons Bruno Jean-Richard Itoua. Meanwhile, oil and gas supermajor TotalEnergies announced last year that it will invest $600 million to strengthen exploration and production activities in Congo. The investment will be used to finance exploration and maintain production in the country's deep offshore Moho Nord field, which accounts for approximately half of all Congolese oil production – roughly 140,000 bpd. TotalEnergies' commitment to Congo's oil production is set to ensure additional production of 40,000 bpd, adding to the country's current levels of 267,000 bpd. Set to finance a seven-year development program across the Mengo-Kundji-Bindi IIoilfields in Congo, oil and gas company Trident secured a $300 million financing facility from pan-African multilateral financing institution Afreximbank in 2023. The capital will enable the company to increase production – up to 30% of national crude output – while opening job creation opportunities. A Focus on Refining Currently, the Congolaise de raffinage, a subsidiary of the state-owned Société nationale des pétroles du Congo, operates the nation's sole refinery in Pointe-Noire. With a processing capacity of one million tons per year, the refinery converts crude oil into finished products such as butane gas, gasoline, kerosene, light diesel and heavy fuel oil, meeting approximately 70% of the country's refined energy needs. To address growing domestic demand and reduce the reliance on imports, the government has initiated the construction of a new refinery in Fouta – near Pointe Noire. Known at the Atlantic Petrochemical Refinery, the project is being developed in partnership with the Chinese firm Beijing Fortune Dingheng Investment, representing an investment of around $600 million. The first phase aims to achieve a production capacity of 2.5 million tons per year, focusing on high-quality gasoline and diesel. The refinery is expected to commence operations by the end of 2025, contributing significantly to national energy security. As sub-Saharan Africa's fourth-largest oil producer, Congo presents significant investment opportunities for global investors. The country aims to attract fresh capital to its oil sector, with a licensing round set to be launched at the inaugural Congo Energy&Investment Forum (CEIF) 2025, taking place in Brazzaville from March 24-26. Meanwhile, the country is preparing to launch its Gas Master Plan alongside a new Gas Code at CEIF 2025, which are set to provide a strategic framework for investing in the country's gas value chain. Distributed by APO Group on behalf of Energy Capital&Power.
