Latest news with #Envision
Business Insider
17 hours ago
- Business
- Business Insider
AfDB clinches 'Infrastructure deal of the year' for Africa's largest wind power project in Egypt
The African Development Bank has been honoured with the 'Infrastructure Deal of the Year' award for 2025 due to its crucial role in financing the groundbreaking 1.1 GW Suez Wind Power Project in Egypt. The African Development Bank (AfDB) won the 'Infrastructure Deal of the Year' award for its role in Egypt's 1.1 GW Suez Wind Power Project. This project is Africa's largest wind energy endeavor, mobilizing $140 million towards its $1.04 billion total cost. The wind farm, expected to be operational in 2027, will feature 138 cutting-edge turbines, generating 4,111 GWh annually. The African Development Bank has been honoured with the 'Infrastructure Deal of the Year' award for 2025 by The African Banker Awards, recognizing its crucial role in financing the groundbreaking 1.1 GW Suez Wind Power Project in Egypt, the largest wind energy project in Africa to date. The award was announced during the African Development Bank Group's 2025 Annual Meetings in Abidjan, Côte d'Ivoire, and highlights the Bank's leadership and innovative financing strategy in mobilizing $140 million towards the $1.04 billion project. Project development and financing Located in the Gulf of Suez, the project is being developed by Suez Wind Energy S.A.E., a special-purpose vehicle established by ACWA Power and HAU Energy B.V. (a consortium including Hassan Allam Utilities, Meridiam, and EBRD), alongside equity partners Oman Investment Authority and the Sovereign Fund of Egypt. The wind farm will feature 138 Envision turbines, each with an 8 MW capacity, marking the first use of this cutting-edge wind technology in Africa. "The Suez 1.1 GW Wind Power Plant Project stands as a powerful example of what national commitment and strong partnerships can achieve. As the largest wind energy project in Egypt and one of the largest in Africa, it reflects the strength of Egypt's Country Platform under the NWFE program's energy pillar, ' Rania A. Al-Mashat, Minister of Planning, Economic Development & International Cooperation in Egypt said. Set to become operational in 2027, the Suez Wind Farm will generate an estimated 4,111 GWh of clean electricity annually, enough to power over one million households. The project will also reduce carbon emissions by approximately 1.71 million tons of CO₂ each year.
Yahoo
a day ago
- Business
- Yahoo
Envision Energy Partners with SUN Terra to Build Full-Chain Energy Storage Ecosystem
SHANGHAI, June 4, 2025 /PRNewswire/ -- Envision Energy, a global leader in green technology, announced a strategic partnership with SUN Terra, Indonesia's leading renewable energy company, to advance collaboration on energy storage technologies and solutions in key markets including Southeast Asia, India, and Australia. The partnership aims to accelerate the deployment of advanced energy storage solutions, enhance global supply chains, and foster the localization of manufacturing and technological expertise - all in support of the clean energy transition across these regions. According to the agreement, Envision and SUN Terra will collaborate on key areas including energy storage system procurement and distribution, localized assembly and manufacturing, technology licensing, and solution delivery. Together, both parties aim to establish a comprehensive strategic partnership covering the full value chain to accelerate the deployment and scaling of energy storage solutions in the target markets. Kane Xu, Senior Vice President and President of International Product Lines at Envision Energy, said: "SUN Terra's strong local presence and project development capabilities are highly complementary to Envision's expertise in the energy storage. Together, we will accelerate the growth of energy storage markets across Southeast Asia, India and Australia, delivering sustained momentum for enhancing local energy ecosystems." Karina Darmawan, CEO of SUN Terra, added, "As a key part of Sinar Mas' renewable energy portfolio, SUN Terra is committed to advancing clean energy development in Indonesia, Australia, and India. This strategic collaboration with Envision will not only bring advanced energy storage systems to Indonesia, but also empower the localization of production and technology advancements in the Australian and Indian markets." SUN Terra, a subsidiary of Sinar Mas - one of Indonesia's most influential conglomerates, specializes in end-to-end renewable energy development. The company has successfully delivered large-scale solar projects across Indonesia, Australia, and India, and offers integrated solutions for energy storage systems and battery lifecycle management, actively advancing the energy transition in local markets. View original content to download multimedia: SOURCE Envision Energy 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
Techday NZ
a day ago
- Business
- Techday NZ
LogicMonitor appoints Garth Fort as Chief Product Officer to boost AI
LogicMonitor has appointed Garth Fort as Chief Product Officer, tasking him with overseeing the company's global product strategy and execution, with a focus on further developing the LM Envision platform and driving advancement in AI-powered observability and AIOps through its AI agent, Edwin AI. This appointment follows the company's achievement of exceeding USD $300 million in annual recurring revenue (ARR), a milestone attributed to strong expansion into larger market segments and increased adoption of multiple LogicMonitor products. According to LogicMonitor, customers contributing over USD $100,000 in ARR have grown by more than 25 per cent year-over-year and now account for 80 per cent of the total ARR. The company also noted that Edwin AI, which was launched a year ago, has played a significant role in enhancing revenue growth and broadening platform adoption. Commenting on the appointment, Christina Kosmowski, Chief Executive Officer at LogicMonitor, said, "Garth's appointment represents our continued, strategic investment in product leadership at the intersection of Agentic AIOps and hybrid observability. Garth brings the pedigree and operational excellence to accelerate and execute our roadmap and unlock more value for our customers and partners—our goal is to reduce unplanned downtime by 50 per cent and empower customers with foresight, not hindsight." Garth Fort's previous roles include serving as Senior Vice President and Chief Product Officer at Splunk. During his tenure, he led Splunk's transition to the cloud, which is now a USD $4.2 billion business. The company highlighted his experience in shaping software and cloud services at prominent technology firms, including Amazon Web Services and Microsoft. Fort holds a bachelor's degree from the University of North Carolina, Chapel Hill, where he was recognised as a Morehead Scholar. Garth Fort, Chief Product Officer at LogicMonitor, said, "LogicMonitor is uniquely positioned to lead the next era of AI-driven observability and IT Operations at a time of massive data centre transformation. The increased demands created by rapid adoption of AI are driving unprecedented complexity across hybrid and multi-cloud environments. I'm excited to join LogicMonitor to help build an observability platform that doesn't just monitor across physical and cloud data centres - it foresees and adapts in real time." LogicMonitor stated that its LM Envision platform is designed to enable observability across on-premises and multi-cloud environments, providing IT and business teams with operational visibility and predictability across technologies and applications. The company aims to allow teams to spend less time on troubleshooting and more time on delivering services to employees and customers. The appointment of Fort as Chief Product Officer is intended to further the company's strategy of investing in product development and driving its growth in AI-driven software for IT operations. The company noted that Edwin AI's adoption is contributing to its financial results by supporting platform expansion and accelerating revenue from enterprise customers. LogicMonitor's focus remains on reducing unplanned downtime for its customers, addressing the challenges brought about by increased data centre complexity and the hybrid nature of modern IT environments. The company attributed part of its ongoing growth to the deployment of its AI-powered solutions, which it claims provide clients with improved foresight into IT operations. The company indicated that having experienced leadership, such as Garth Fort, is central to advancing its product roadmap and meeting the evolving demands of customers seeking operational efficiency amid growing technological complexity.
Business Wire
2 days ago
- Business
- Business Wire
LogicMonitor Appoints Garth Fort as Chief Product Officer to Accelerate AI Platform and Agentic AI Growth
BUSINESS WIRE)-- LogicMonitor, the leading SaaS-based platform for AI-powered data center transformation, today announced the appointment of Garth Fort as Chief Product Officer. Fort will oversee LogicMonitor's global product strategy and execution, accelerating development of its LM Envision platform and driving continued leadership in AI-powered observability and AIOps with its AI agent, Edwin AI. The announcement comes as LogicMonitor surpasses a key financial milestone—exceeding $300 million in annual recurring revenue (ARR)—fueled by strong momentum in up-market expansion and multi-product adoption. Customers generating over $100K in ARR have grown more than 25% year-over-year and now account for 80% of total ARR. Edwin AI, launched just one year ago, has already contributed meaningfully to top-line acceleration and broader platform adoption. 'Garth's appointment represents our continued, strategic investment in product leadership at the intersection of Agentic AIOps and hybrid observability,' said Christina Kosmowski, CEO of LogicMonitor. 'Garth brings the pedigree and operational excellence to accelerate and execute our roadmap and unlock more value for our customers and partners—our goal is to reduce unplanned downtime by 50% and empower customers with foresight, not hindsight.' A former SVP and Chief Product Officer at Splunk, Fort led the company's transition to the cloud, now a $4.2 billion business. His expertise in product and technology has been key in shaping market-leading software and cloud services, including at Amazon Web Services (AWS) and Microsoft. Garth holds a bachelor's degree from the University of North Carolina, Chapel Hill, where he was a Morehead Scholar. 'LogicMonitor is uniquely positioned to lead the next era of AI-driven observability and IT Operations at a time of massive data center transformation,' said Fort. 'The increased demands created by rapid adoption of AI are driving unprecedented complexity across hybrid and multi-cloud environments. I'm excited to join LogicMonitor to help build an observability platform that doesn't just monitor across physical and cloud data centers - it foresees and adapts in real time.' About LogicMonitor LogicMonitor® offers AI-powered data center transformation. The company's SaaS-based platform, LM Envision, enables observability across on-prem and multi-cloud environments. LogicMonitor provides IT and business teams operational visibility and predictability across their technologies and applications to focus less on troubleshooting and more on delivering extraordinary employee and customer experiences. For more information, visit and our blog, or follow us on LinkedIn, X, Facebook, and YouTube.
Yahoo
15-05-2025
- Business
- Yahoo
Sedgwick County offices could move to new building
WICHITA, Kan. (KSNW) – Sedgwick County is moving forward with a new administrative building. On Wednesday, Sedgwick County Commissioners approved buying the Envision building at 610 N. Main Street, near the Sedgwick County Courthouse. The county is buying the building for under $12 million. It is one of about a dozen buildings county staff have examined over the last decade. 'This is the people's building, so we didn't want to favor necessarily one district over another, so we wanted a center footprint. That was number one. Number two, there were unique parking needs for this. This has to be a commercial office-type of building, which begins to narrow down our options,' Sedgwick County Manager Tom Stolz said. Wichita basketball player dies after suffering brain bleed County staff will now work to determine how much it will cost to remodel the building. The county can back out of the deal. The county leases space for its administrative offices at the Ruffin Building. For more Kansas news, click here. Keep up with the latest breaking news by downloading our mobile app and signing up for our news email alerts. Sign up for our Storm Track 3 Weather app by clicking here. To watch our shows live on our website, click here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
