Latest news with #GFI
Business Wire
30-07-2025
- Business
- Business Wire
Avangrid Celebrates Completion of Solar Module Production at SEG Solar's New Texas Facility
HOUSTON--(BUSINESS WIRE)--Avangrid, Inc., a leading energy company and member of the Iberdrola Group, today announced the successful assembly of over 200,000 solar modules manufactured by SEG Solar at its newly commissioned facility in Houston, Texas. These modules will be deployed at Avangrid's 166 MWdc (120 MWac) Tower Solar project in Morrow County, Oregon, which will deliver energy to the Portland General Electric (PGE) power grid and support Meta's data center operations in the region. Avangrid is the first utility-scale customer to receive modules from SEG Solar's new U.S. manufacturing plant, a milestone that underscores both companies' commitment to strengthening the domestic energy supply chain and bolstering American manufacturing. The facility, located in Houston, currently employs more than 300 people and will create over 500 jobs at full capacity. 'Domestic partnerships are critical to meeting rising demand, and by leveraging U.S. manufacturing, Avangrid has an opportunity to support local jobs and economic opportunity in states like Texas, while advancing a reliable energy future powered by American-made products,' said Avangrid CEO Jose Antonio Miranda. 'Our work with SEG Solar demonstrates not only our commitment to building out the domestic supply chain, but the benefits of investing in American energy infrastructure. We are proud to see our Tower Solar project move forward with the delivery of these modules.' "We are thrilled to have been selected as the module supplier for the Tower Solar in Morrow County, Oregon. This 166 MW project marks the third successful collaboration between Avangrid and SEG Solar, underscoring the strong relationship between the companies,' said Logan Fang, Vice President of Key Accounts. 'SEG Solar looks forward to seeing its premium 630Wp high-efficiency Yukon N Series Solar modules installed and operational in the Pacific Northwest." SEG Solar inaugurated its new Houston module plant last summer and began manufacturing modules for Avangrid in early 2025. The 250,000 square foot facility represented a $60 million investment in the U.S. and can achieve annual production of 2 GW. Avangrid's Tower Solar project is currently under construction and is expected to be completed in 2026. The facility will deliver clean, renewable energy to PGE's grid through Green Future Impact (GFI), a voluntary program designed to help large commercial, industrial, and municipal customers meet their ambitious sustainability and carbon reduction goals through the development of new clean energy facilities in our region. Subscribers to PGE's GFI program enroll in a bundled renewable energy product and receive the Renewable Energy Certificates (RECs) associated with the energy generated from the new facility. PGE's subscription pricing is designed to avoid cost shifting to non-participating customers. Construction of Tower Solar will create over 200 jobs, mostly sourced locally. The project is expected to pay about $20 million in combined PILOT (payment in lieu of taxes) and property taxes which will support a variety of public services, especially schools. About Avangrid: Avangrid, Inc. is a leading energy company in the United States working to meet the growing demand for energy for homes and businesses across the nation through service, innovation, and continued investments by expanding grid infrastructure and energy generation projects. Avangrid has offices in Connecticut, New York, Massachusetts, Maine, and Oregon, including operations in 23 states with approximately $48 billion in assets, and has two primary lines of business: networks and power. Through its networks business, Avangrid owns and operates eight electric and natural gas utilities, serving more than 3.4 million customers in New York and New England. Through its power generation business, Avangrid owns and operates more than 75 energy generation facilities across the United States producing 10.5 GW of power for over 3.1 million customers. Avangrid employs approximately 8,000 people and has been recognized by JUST Capital as one of the JUST 100 companies – a ranking of America's best corporate citizens – in 2025 for the fifth consecutive year. The company was named among the World's Most Ethical Companies in 2025 for the seventh consecutive year by the Ethisphere Institute. Avangrid is a member of the group of companies controlled by Iberdrola, S.A. For more information, visit
Yahoo
17-07-2025
- Business
- Yahoo
ClassNK introduces fleet cost simulation service on decarbonisation
Japanese ship classification society ClassNK has introduced a new service named ClassNK Fleet Cost Simulation, as part of its initiative to assist the maritime sector in transitioning to decarbonised fuels. This service aims to provide clients with cost estimations related to greenhouse gas (GHG) emission reduction regulations, including the International Maritime Organization's (IMO) mid-term measures, the EU Emissions Trading System (EU-ETS), and FuelEU Maritime. It is intended to streamline the workload associated with cost estimation and documentation, allowing clients to access reliable cost data for their business planning needs. The service features the ClassNK Fleet Cost Calculator, a tool designed to project future cost variations resulting from fuel conversion. Available in Excel format, the ClassNK Fleet Cost Calculator addresses three key environmental regulations: IMO GHG Fuel Intensity (GFI), EU-ETS, and FuelEU Maritime. The tool is designed for flexibility, enabling users to customise various assumptions, including ship prices, fuel prices, vessel replacement timing, fuel efficiency improvements, and GHG emission factors. The simulation service also includes a Cost Estimation Report that presents a comprehensive overview of the total cost outlook for an entire fleet, utilising graphs and tables to convey the information effectively. The Cost Estimation Report, provided in PowerPoint format, summarises cost projections up to 2050 based on actual fuel consumption data. This report incorporates various cost factors impacting business operations, such as shipbuilding, fuel, and regulatory compliance, and is formatted for immediate use in internal presentations and management reporting. An advanced version of the report is also available upon request, which simulates and analyses the timing and effects of fuel conversion for cost optimisation. ClassNK has committed to further supporting clients in their decarbonisation efforts through ongoing enhancements to the ClassNK Transition Support Service. Updates to the service are planned to be implemented before the IMO GFI (Greenhouse Gas Fuel Intensity), coming into effect on 31 December 2027. In April this year, ClassNK granted approval in principle (AiP) for a retrofitted Kamsarmax bulk carrier's design, transitioning from conventional fuel to a methanol dual-fuel configuration. "ClassNK introduces fleet cost simulation service on decarbonisation" 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. Sign in to access your portfolio
The National
17-07-2025
- Politics
- The National
Pro-Israel groups banned from Stand Up To Racism events in Scotland
Last year, the Scottish Palestine Solidarity Campaign (SPSC) and the Scottish Palestinian Society (SPS) both urged SUTR to ban Glasgow Friends of Israel (GFI) from marches as the presence of the organisation had led to a growing number of pro-Palestine organisations dropping out. Now SUTR's steering committee has confirmed members of GFI and the Confederation of Friends of Israel in Scotland (COFIS) are "not welcome" at future events due to their support for Israel and organisations such as Reform UK. A statement posted on Facebook from SUTR said: "We wish to publicly clarify beyond any doubt that the Glasgow Friends of Israel and COFIS groups are NOT WELCOME at SUTR Scotland events. READ MORE: Tory MP brands SNP 'fifth columnists' over weapons funding opposition 'They have never been invited to any SUTR event, spoken as part of any SUTR platform, or been part of discussions with SUTR Scotland. 'SUTR aims to unite people of all faiths, Muslim, Jewish, Catholic, Protestant, and none, against racism, Islamophobia, antisemitism and the far-right, and they are all welcome at our events and initiatives.' Wael Shawish of SPS – a group for Palestinians residing in Scotland – told The National last year it was 'painful' for him and the organisation not to be able to join the march in 2024 because of the Israeli flag being flown during it. He said: 'We can't even dream of joining such a march with the Israeli flag being waved over our heads. We are oppressed by that flag." Gerry Coutts, of the SPSC, also explained how his group in recent years had handed out leaflets at the start of the march explaining why they are not participating. He said last year: 'As long as Israel remains an apartheid state, SPSC is calling for GFI to be banned from future SUTR marches as their presence is incompatible with the march's intention of celebrating International Day For the Elimination of Racial Discrimination.' READ MORE: 'Disturbed': MP Rosie Duffield hits out after armed police threaten Gaza protester SUTR said it now rejected the presence of GFI and COFIS due to support for the far-right "internationally and here in Scotland" and joining "the efforts by politicians to push the Islamophobic lie that millions protesting in solidarity with Palestine are 'hate marchers'". It added the groups were not welcome due to "justifying and applauding" the actions by the state of Israel. The SUTR committee noted: 'The focus of SUTR Scotland's campaigning activities involves building broad-based mass anti-racist action in solidarity with refugees and migrants, supporting justice campaigns against police and institutional racism, and facilitating a united response to the Islamophobic and antisemitic far-right, fascist groups, and particularly now the threat of Reform UK.' 'However, we reject the presence of GFI and COFIS, organisations whose activity involves justifying and applauding the actions by the state of Israel, which is engaged in carrying out genocide, apartheid and ethnic cleansing.' GFI, which describes itself as 'a grassroots organisation that supports the right of Israel to democratic self-determination,' runs an information stall in Buchanan Street in Glasgow every Saturday. The SUTR committee went on to criticise GFI's relationship with Reform UK councillor Thomas Kerr, who has been photographed visiting the stall and has expressed support for the group on social media. The statement noted: 'No organisation that supports [Reform UK], which is trying to convince millions of voters that refugees, migrants and Muslims are to blame for society's problems, and in the process opening the door to dangerous fascist forces, is welcome at SUTR Scotland events.' In 2024, a group called Scotland Against Criminalising Communities (SACC) refused to attend a SUTR march due to concerns over GFI and COFIS's attendance.
The Herald Scotland
17-07-2025
- Politics
- The Herald Scotland
Stand up to Racism Scotland bars pro-Israel groups
On Thursday, the group's steering committee announced that members of Glasgow Friends of Israel (GFI) and the Confederation of Friends of Israel in Scotland (COFIS) were 'not welcome' at future events due to their support for Israel and organisations such as Reform UK. This is the latest development in a years-long row over the inclusion of the two pro-Israel groups. SUTR has organised a range of events in recent years. (Image: Colin Mearns) In a statement posted to X, the committee wrote: 'We wish to publicly clarify beyond any doubt that the Glasgow Friends of Israel and COFIS groups are NOT WELCOME at SUTR Scotland events. 'They have never been invited to any SUTR event, spoken as part of any SUTR platform, or been part of discussions with SUTR Scotland. 'SUTR aims to unite people of all faiths, Muslim, Jewish, Catholic, Protestant, and none, against racism, Islamophobia, antisemitism and the far-right, and they are all welcome at our events and initiatives.' GFI, which describes itself as 'a grassroots organisation that supports the right of Israel to democratic self-determination,' runs an information stall on Buchanan Street every Saturday. The group regularly posts on Facebook about interactions with supporters, as well as with pro-Palestine demonstrators, who they have called 'hate groups' and 'terrorist lovers.' COFIS was set up in 2020 to counteract 'lazy and biased reporting in the media' and the 'careless words' of politicians, which they claim leads to "antisemitism and prejudice.' It consists of pro-Israel groups in Glasgow, Edinburgh, and Inverness. The groups have been criticised for their support of Israel and its government, led by President Benjamin Netanyahu. The SUTR committee noted: 'The focus of SUTR Scotland's campaigning activities involves building broad-based mass anti-racist action in solidarity with refugees and migrants, supporting justice campaigns against police and institutional racism, and facilitating a united response to the Islamophobic and antisemitic far-right, fascist groups, and particularly now the threat of Reform UK.' 'However, we reject the presence of GFI and COFIS, organisations whose activity involves justifying and applauding the actions by the state of Israel, which is engaged in carrying out genocide, apartheid and ethnic cleansing.' The SUTR committee went on to criticise GFI's relationship with Reform UK councillor Thomas Kerr, who has been photographed visiting the stall and has expressed support for the group on social media. The statement noted: 'No organisation that supports [Reform UK], which is trying to convince millions of voters that refugees, migrants and Muslims are to blame for society's problems, and in the process opening the door to dangerous fascist forces, is welcome at SUTR Scotland events.' Reform councillor Thomas Kerr has backed the group. (Image: Newsquest) The ongoing row dates back several years. In a 2023 post on their website, COFIS alleged that members of two Scottish pro-Israel groups had been sent to the back of a SUTR anti-racist march and told they were not welcome due to their views. The post read: 'On 18 March 2023, members of Glasgow Friends of Israel and Highland Friends of Israel assembled in George Square for the start of this year's march. 'Although there had been liaison with Police Scotland to ensure their protection, any 'Zionist' who dared to try and join the mainstream march was forcefully told by organisers that they were not welcome and ordered to the back, where they were separated from the rest of the marchers by a line of stewards.' Read more: Cool-headed John Swinney pulls out trump card ahead of high stakes summit Scottish Greens slam John Swinney's 'tragic' plans to meet with Donald Trump 'A grim reality': Glasgow City Council spent £106m to house homeless last year However, SUTR has previously been criticised for 'failing' to publicly denounce the groups. In 2024, a group called Scotland Against Criminalising Communities (SACC) refused to attend a SUTR march due to concerns over GFI and COFIS's attendance. The group wrote: "SACC is one of a number of organisations that, as in previous years, will be staying away from the march because of the failure by SUTR Scotland to state that Friends of Israel groups will not be welcome on the march." COFIS and GFI have been approached for comment.
Yahoo
10-07-2025
- Business
- Yahoo
Is Gold Fields Limited (GFI) Stock Outpacing Its Basic Materials Peers This Year?
Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Is Gold Fields (GFI) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question. Gold Fields is a member of the Basic Materials sector. This group includes 238 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Gold Fields is currently sporting a Zacks Rank of #1 (Strong Buy). Over the past three months, the Zacks Consensus Estimate for GFI's full-year earnings has moved 26.9% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving. Based on the latest available data, GFI has gained about 82% so far this year. Meanwhile, the Basic Materials sector has returned an average of 12.3% on a year-to-date basis. This means that Gold Fields is performing better than its sector in terms of year-to-date returns. One other Basic Materials stock that has outperformed the sector so far this year is FUCHS SE - Unsponsored ADR (FUPBY). The stock is up 32.1% year-to-date. Over the past three months, FUCHS SE - Unsponsored ADR's consensus EPS estimate for the current year has increased 4.3%. The stock currently has a Zacks Rank #2 (Buy). Looking more specifically, Gold Fields belongs to the Mining - Gold industry, which includes 39 individual stocks and currently sits at #23 in the Zacks Industry Rank. On average, stocks in this group have gained 50.8% this year, meaning that GFI is performing better in terms of year-to-date returns. On the other hand, FUCHS SE - Unsponsored ADR belongs to the Chemical - Specialty industry. This 37-stock industry is currently ranked #90. The industry has moved +6% year to date. Investors with an interest in Basic Materials stocks should continue to track Gold Fields and FUCHS SE - Unsponsored ADR. These stocks will be looking to continue their solid performance. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Gold Fields Limited (GFI) : Free Stock Analysis Report FUCHS SE - Unsponsored ADR (FUPBY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
