Latest news with #Enova
Cision Canada
2 days ago
- Business
- Cision Canada
Government of Canada Invests to Modernize Ontario's Electricity Grid -- Ensuring More Reliable Power for Ontarians
MARKHAM, ON, Aug. 15, 2025 /CNW/ - Canada's energy security and economic strength depend on our ability to scale up clean, reliable and affordable power. That means advancing next-generation solutions like hydrogen, nuclear, renewables, geothermal and biofuels and integrating our electricity systems so that energy can move seamlessly and efficiently across provincial borders. We're getting more reliable clean energy to market, cutting emissions and delivering for Canadians. To that end, the Honourable Tim Hodgson, Minister of Energy and Natural Resources, announced today over $13 million in federal funding to support five clean energy projects in Ontario that will help modernize existing electricity systems. Funded through the Energy Innovation Program – Smart Grids Demonstration Call for Proposals, these projects will advance clean electricity generation in Ontario, and allow customer-owned devices such as solar panels and batteries to access and benefit from electricity markets, by generating and selling energy. This will drive down energy costs for Canadians while ensuring our grids are smarter, more sustainable, more resilient and ready for the economy of the future. Quotes "This is how Canada becomes an energy superpower — by working with partners and by investing in the modernization and optimization of our electricity system. These efforts are essential to creating a more reliable and resilient network and reducing electricity bills for Canadians." The Honourable Tim Hodgson Minister of Energy and Natural Resources "We're proud to partner with NRCan on Centricity to help shape the future of Ontario's electricity system. This initiative supports a more resilient, responsive and customer-focused grid, modernizing our planning and control room operations and enabling new markets for our customers as we move from limited distribution system operator (DSO) trials to full-scale implementation." Brian Bentz President and Chief Executive Officer, Alectra Inc. "We're excited that this federal support for our distributed energy resources project in Ontario will provide real benefits to our customers, including lower energy costs and greater flexibility in how they manage power. As load growth continues to outpace supply and with large generation assets still many years away, the need for flexible DER solutions has never been greater. This project funding from Natural Resources Canada is a crucial step in creating a cleaner, more-resilient grid while reducing costs for consumers." Derek Lim Soo CEO, Peak Power Inc. "We are excited to be collaborating with GridS2, an Ontario-based cleantech startup, and partnering with Natural Resources Canada on this initiative. This project will enhance Enova's ability to plan and optimize the distribution system through AI-based tools. It will also lay the foundation for local energy procurement and unlock the potential of distributed energy resources for our customers — supporting Enova in creating the electricity system of the future." President and Chief Executive Officer, Enova Power Corp. Quick Facts The Energy Innovation Program (EIP) advances clean energy technologies that will help Canada maintain a competitive, reliable and affordable energy system while transitioning to a low-carbon economy. The EIP – Smart Grid Demonstration Call for Proposals provides support to projects that demonstrate innovation in smart grid technologies/solutions and in market or contract mechanisms (innovations may be jurisdiction-specific). The objectives include accelerating grid modernization; improving customer accessibility of grid-integrated solutions; sufficiently representing a given electricity system to meaningfully inform future deployment considerations; addressing well-defined market gaps to build business solutions; and advancing inclusivity, diversity, equity and accessibility (IDEA) in the electricity sector. One project was also selected for a grant under Mission Innovation's (MI) Green-Powered Future Mission (GPFM), which aims to demonstrate that power systems in different geographies and climates can effectively integrate up to 100-percent variable renewable energy in their generation mix by 2030 while maintaining a cost-efficient, secure and resilient system. The MI GPFM International Collaboration Grant supports proponents engaging stakeholders internationally on the successes and learnings of their EIP – Smart Grid Demonstration project. This is Canada's contribution to the "five demonstrations in five continents" flagship project, representing both Canada and the North American continent. Follow Natural Resources Canada on LinkedIn.
Yahoo
04-08-2025
- Business
- Yahoo
Navigator Holdings (NVGS) Announced a New Partnership with Amon Maritime
Navigator Holdings Ltd. (NYSE:NVGS) is one of the . On July 17, Navigator Holdings Ltd. (NYSE:NVGS) announced its new partnership with Amon Maritime. The joint venture between the two companies is called Navigator Amon Shipping AS. Navigator Holdings Ltd. (NYSE:NVGS) owns 80% of this new joint venture, whereas Amon Maritime owns 20%. The partnership plans to build two new ships in Norway, which will use ammonia as fuel and can also carry liquefied petroleum gas. Each ship will have a capacity of 51,530 cubic meters and will be constructed by Nantong CIMC Sinopacific Offshore & Engineering Co., Ltd, costing around $84 million each. The ships are expected to be delivered in June and October of 2028. A modern seaborne tanker off the coast of a major metropolitan city, transporting liquefied petroleum gas. Both the new ships have received significant support from the Norwegian government's agency, Enova, as it has granted NOK 90 million for each ship; however, the management noted that the rest of the funding will come from bank loans. The companies plan to lease these ships to a major industry player on a 5-year contract. Navigator Holdings Ltd. (NYSE:NVGS) already owns and operates a large fleet of specialized ships that carry liquefied gases like petrochemical gases, LPG, and ammonia. While we acknowledge the potential of NVGS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. 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
Yahoo
21-07-2025
- Business
- Yahoo
Navigator Gas, Amon Maritime form JV for ammonia-fuelled gas carriers
Navigator Gas, an operator of liquefied gas carriers, has announced a joint venture (JV) with Amon Maritime named Navigator Amon Shipping to construct two new ammonia-fuelled gas carriers. Navigator will acquire an 80% stake in the JV, with Amon Maritime holding the remaining 20%, subject to investment terms and conditions. The JV aims to build two 51,530m3 capacity vessels, also capable of carrying liquefied petroleum gas. Contracts are already in place with Nantong CIMC Sinopacific Offshore & Engineering for construction at an average cost of $84m per vessel. Navigator CEO Mads Peter Zacho said: 'Expanding our fleet with two modern ammonia carriers capable of using clean ammonia as a fuel, operating in a long-term time charter, is a strategic enabler in meeting the growing demand for a sustainable fuel source in a net-zero economy. 'These modern vessels will be equipped with newly developed technologies that comply with present and future environmental regulations and will thereby deliver great value to both our customers and our shareholders.' Delivery of the vessels is scheduled for June and October 2028. Each vessel project has secured a Nkr90m (approximately $9m) investment grant from Enova, a Norwegian government agency. Most of the purchase price for the vessels is expected to be financed through commercial bank finance, complemented by capital contributions from both Navigator and Amon Maritime. Navigator plans to finance its share of the capital contributions from available cash resources, expecting these investments to be accretive to the company's earnings. Upon delivery, and subject to customary conditions, each vessel will be operated by the JV under long-term time charters with a blue-chip industry leader for five years from delivery. Amon Maritime CEO André Risholm said: 'Amon Maritime was founded with a vision to lead the green shift in shipping by pioneering the use of ammonia fuel. 'We are proud to realise this vision alongside our forward-looking and competent partners in Navigator Gas, serving ammonia-powered transportation services to market leaders. We are very satisfied to expand and strengthen our relationship with Navigator Gas further by constructing and operating these vessels.' "Navigator Gas, Amon Maritime form JV for ammonia-fuelled gas carriers" was originally created and published by Ship Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Forbes
21-07-2025
- Business
- Forbes
Cultivate Growth From The Inside: A Guide To Leadership Development
A passionate HR Executive with over 25 years of experience, Claudine Kourkoumelis currently leads the people team at Enova. Empowering and cultivating your leaders is important to the success of your organization. It is crucial that your leaders have the soft skills needed to step into the role and lead a team. Annually, organizations allocate more than $46 billion to leadership development initiatives, so they need to ensure the initiatives are effective. Leadership development shouldn't be confined to the executive suite. It must nurture both emerging and experienced leaders from the bottom up. An employee's day-to-day attitude and engagement are directly tied to their manager; in fact, 70% of a team member's engagement is determined by their direct manager. I want to explore the importance of establishing a structured leadership program so that all managers receive the same training. In this article, I'll discuss the role mentorship plays and how to develop a multilevel mentorship program. Lastly, I'll discuss the significance of promoting growth and a continuous learning culture. By following this approach, your organization can develop junior leaders and continue cultivating executive leadership. Establish A Leadership Development Program Sometimes, new or emerging leaders have no direct experience managing teams, whether in past roles or at your organization. With a strong leadership program, you can teach them the key, transferable skills that will contribute to their success. At Enova, for example, we host a quarterly 'Manager Ramp-Up' cohort so new managers can explore foundational topics around managing and leading people and teams. When building a leadership program, you must create a curriculum with sessions focused on leadership effectiveness, emotional intelligence and building trust with team members. If your organization already has a leadership program, ensure there are clearly articulated goals in place to determine effectiveness. You should track quantitative data like performance, promotion and retention rates across program alumni. Equally important is collecting qualitative data. Distribute feedback surveys at the program's midpoint and conclusion, and monitor any employee opinion survey data that measures a manager's effectiveness. Be sure you're tapping into team members with growth potential, not just current or new managers. Providing an early opportunity to learn leadership skills encourages top talent and reinforces your company's commitment to supporting career growth. This is vital because employees are more likely to stay with an employer that invests in their learning and development. Offer Mentoring Opportunities While structured leadership programs lay the groundwork, mentorship provides crucial one-on-one guidance and real-life modeling. Beyond gaining more practical knowledge, employees with mentors (even informal ones) are more engaged at work and often are easier to retain. These connections can even extend beyond the shared workplace; Harvard Business Review once reported that 84% of successful CEOs still turned to their mentor when facing tough decisions. An official mentorship program needs clear goals and objectives that tie directly to your overall company goals and values. For example, at Enova, one of our core values is Top Talent and Teamwork, and our mentorship program reflects this by having an objective to increase internal mobility. We aim to prepare high-potential team members for leadership roles by pairing them with experienced managers from different departments. It's important that your mentorship program has a formal process and structure that fits your company's culture. Our program, which requires a one-year commitment minimum from all parties, pairs an executive with three mentees at the director level, each of whom then gets three mentees of their own from the manager and senior associate levels. We chose this structure so team members at different levels could interact with each other and build connections throughout the company. To participate, our employees must complete an application that gathers what they hope to learn and what they're looking for in a mentor. Once mentees and mentors are matched, they attend a kickoff training that explains the program and sets expectations. From there, it's up to each pair to schedule their own meetings. While resources are provided to support the relationship, each pair's relationship may look different. Promote A Growth Mindset Growth and continuous learning are essential for employee success, especially among future leaders. Here are a few strategies for developing this mindset within your organization. • Encourage strategic goal setting. Have employees establish professional goals that tie back to business goals. For example, joining a stretch project would allow an employee to step outside of their comfort zone, learn new skills and contribute to business outcomes. • Host company learning sessions. In-person presentations, like tech talks or lunch-and-learn sessions, are an informal way for leaders to share their knowledge. Presenters could discuss their current projects, offer key takeaways from a recent conference they attended or teach employees how to leverage different tech tools. • Provide online resources. Designing online coursework is another way to encourage continuous learning. Lessons can cover a broad subject matter or focus on specific department topics or skill sets. For example, we have lessons centered around allyship. • Support continuing education. External resources can reinforce a learning culture. Encourage participation in virtual training courses, and support attending conferences or obtaining certifications. Our technology teams offer employees a yearly stipend to advance their career skills by attending conferences, joining webinars or taking certification courses. Cultivating leaders at every level of your organization is not just a strategic investment. Holistic leadership development is a necessity that drives engagement, retention and performance. When you prioritize the growth of your people, you create a culture where current and future leaders can thrive. In turn, your organization can remain resilient, innovative and future-ready. Forbes Human Resources Council is an invitation-only organization for HR executives across all industries. Do I qualify?
Mid East Info
14-07-2025
- Automotive
- Mid East Info
Enova and Schneider Electric Join Forces to Advance Energy Solutions in the Gulf - Middle East Business News and Information
Partnership combines Schneider Electric's advanced technologies with Enova's energy performance services to deliver smart, data-driven, and future-ready energy systems Collaboration is aimed at empowering organizations to meet evolving sustainability goals Enova – a premier provider of integrated energy and multi-technical solutions and a Majid Al Futtaim and Veolia joint venture has entered a strategic collaboration with Schneider Electric, a global leader in the digital transformation of energy management and automation. This collaboration brings to the fore Schneider Electric technologies — including microgrids, photovoltaic (PV) systems, and electric vehicle (EV) charging infrastructure — with Enova's deep expertise in energy efficiency strategies and advanced asset management systems. As the region intensifies efforts to decarbonize its economy and transition toward cleaner and more resilient energy systems, the collaboration will focus on driving impactful outcomes in energy efficiency and emissions reduction. Renaud Capris, Chief Executive Officer of Enova, commented, 'As we accelerate our progress towards a sustainable energy future in the Gulf, our collaboration with Schneider Electric enables us to integrate advanced technologies and energy efficient solutions and to optimize our service portfolio and enhance value for our clients. Since its establishment in 2002 as a joint venture between Majid Al Futtaim and Veolia, Enova has enabled clients across the region to achieve more than AED 530 million in total energy cost savings and reduce carbon emissions by over 580,000 tons. Capris added, 'Together, we are uniquely positioned to enable our clients across diverse sectors optimize their energy use and decarbonize operations in alignment with Enova stakeholders' environmental objectives – including Veolia's GreenUp strategic program – while making a meaningful contribution to the region's environmental goals.' Amel Chadli, President of Gulf Countries at Schneider Electric, said: 'As the region places greater urgency on decarbonizing its economy and building more resilient energy systems, it has become increasingly important for businesses, of various sectors, to optimize energy consumption, maintain a healthy and productive environment, and update aging facilities.' She added: 'Our collaboration with Enova builds on our commitment to set a new standard for decarbonization in the region through the convergence of technology and expertise. Our shared goal is to support organizations in driving meaningful transformation through sustainability, innovation, and operational resilience.' The collaboration will drive the adoption of smart technologies and support the integration of renewable energy into core business operations. The initiative empowers businesses to contribute meaningfully towards regional goals to scale clean energy and efficiency, through Schneider Electric's EcoFit and EcoCare programs, aimed at modernizing aging systems and ensuring circularity. By integrating Schneider Electric's connected technologies with Enova's on-the-ground capabilities in asset management and technical operations, the two companies will deliver future-ready solutions that respond to clients' evolving sustainability requirements. About Schneider Electric: Schneider's purpose is to create Impact by empowering all to make the most of our energy and resources, bridging progress and sustainability. At Schneider, we call this Life Is On. Our mission is to be the trusted partner in Sustainability and Efficiency. We are a global industrial technology leader bringing world-leading expertise in electrification, automation and digitization to smart industries, resilient infrastructure, future-proof data centers, intelligent buildings, and intuitive homes. Anchored by our deep domain expertise, we provide integrated end-to-end lifecycle AI enabled Industrial IoT solutions with connected products, automation, software and services, delivering digital twins to enable profitable growth for our customers. We are a people company with an ecosystem of 150,000 colleagues and more than a million partners operating in over 100 countries to ensure proximity to our customers and stakeholders. We embrace diversity and inclusion in everything we do, guided by our meaningful purpose of a sustainable future for all. About Enova: Enova is the regional leader in integrated energy and multi-technical services, offering comprehensive and performance-based Energy and Facilities Management solutions to its clients to help achieve their financial, operational, and environmental targets. With more than 5,700 highly trained and multi-skilled employees, Enova serves a wide portfolio of clients in the public, residential, commercial, industrial, and healthcare sectors across the region. Enova was created in 2002 as a joint venture between Majid Al Futtaim and Veolia. Majid Al Futtaim is the leading shopping malls, communities, retail, and leisure pioneer across the Middle East, Africa, and Asia. Veolia is a global leader in optimised resource management; designing and providing water, waste, and energy management solutions which contribute to the sustainable development of communities and industries.
