Latest news with #GHG
Gulf Insider
15-05-2025
- Business
- Gulf Insider
Bahrain: Gulf Hotels Group Reports Q1 2025 Financial Results with BD 2.452 Million Profit
Gulf Hotels Group B.S.C. (GHG) announced a net profit of BD 2.452 million for the first quarter of 2025, reflecting an 8% year-on-year decrease from BD 2.663 million in Q1 2024. The decline was primarily attributed to seasonal challenges, notably reduced travel and hotel occupancy during Ramadan. Earnings per share for the quarter stood at 11 Fils, compared to 12 Fils in the same period last year. Despite the dip in net profit, the Group posted a 7% rise in total comprehensive income, which reached BD 2.542 million, up from BD 2.382 million in Q1 2024. Total revenue for the quarter came in at BD 8.611 million, down 4% from BD 8.983 million a year earlier. Meanwhile, the Group's total assets increased slightly to BD 113.786 million, up 0.8% from BD 112.862 million at the end of 2024. However, total equity (excluding minority interests) declined by 3% to BD 102.424 million. Commenting on the results, Group Chairman Mr. Fawzi Kanoo stated: 'The Q1 financials highlight the strength and resilience of our diversified portfolio. While Ramadan seasonally impacts hospitality activity, we remain optimistic about the sector's outlook, especially with ongoing government efforts to bolster tourism in Bahrain.' GHG CEO Mr. Ahmed Janahi echoed this sentiment, noting that occupancy rates across the market dropped from 54.2% to 52.1% compared to Q1 2024. Revenue per available room (RevPAR) also declined by 11.7% year-on-year due to lower demand and pricing pressures during the holy month. Looking ahead, Janahi said the Group expects stronger performance in Q2 and beyond, supported by major events such as the Formula 1 Grand Prix and Eid holidays. 'We're actively executing several strategic initiatives including integrating Gulf Hotel Bahrain into the Marriott Bonvoy loyalty programme, expanding our F&B offerings, and exploring regional growth opportunities,' he added. GHG's full Q1 financial statements are available on the Bahrain Bourse website at
Arabian Business
15-05-2025
- Business
- Arabian Business
EMSTEEL overcomes global headwind as domestic demand stays strong
The company's Decarbonisation Strategy aims to reduce GHG by 40% from its steel business and 30% from its cement units
Associated Press
12-05-2025
- Business
- Associated Press
Asuene, Asia's Leading Climate Technology, Decarbonization Accounting Cloud Service Provider Acquires NZero, U.S. Pioneering Startup Specializing In AI-Powered Energy Intelligence Management Solutions
Acquisition accelerates Asuene's global expansion, strengthening its net-zero emission structure through integration of NZero's advanced GHG measurement and AI-powered data services in use by the U.S. public and private sector TOKYO, May 12, 2025 /PRNewswire/ -- Asuene, a leading climate technology solutions provider specializing in cloud-based solutions for carbon accounting, ESG (Environmental, Social, and Governance) data management, and decarbonization announced today that it has acquired NZero, Inc., a Nevada-based climate tech company providing real-time GHG emissions measurement and AI-powered energy intelligence management services, making NZero a wholly-owned subsidiary of Asuene America Holdings. The partnership marks a strategic expansion for Asuene into the North American and U.S. Greentech and corporate sustainability markets. Founded in 2019 by Kohei Nishiwada - named a Forbes Japan Top 20 Entrepreneur in 2025 - Asuene offers a suite of products in the decarbonization and ESG space, including CO2 emissions measurement, reduction and reporting, alongside advanced greenhouse consulting services. Through its comprehensive sustainability solutions, Asuene supports the decarbonization and ESG management efforts of more than 25,000 companies, backed by investment funds and VCs that include Salesforce Ventures, Sony Investment Fund, Pavilion Capital (Temasek Group), SMBC, Japan Green Investment Corp. for Carbon Neutrality , GMO VenturePartners and MetaProp. NZero delivers a unified climate tech platform that automates and streamlines energy data collection, using AI to optimize both costs and GHG emissions using highly granular, hourly or sub-hourly measurements in real time. Already deployed across 20+ cities and states, its technology supports energy-intensive sectors, including public infrastructure spanning transportation, water, energy, communications, digital systems, and data centers. NZero's solutions are also in use across business verticals that includes real estate, health and financial services, digital infrastructure and professional services, sports and entertainment and lifestyle. 'Partnering with NZero marks a significant milestone in Asuene's journey toward becoming the world's leading climate tech company,' said Asuene Founder and CEO, Kohei Nishiwada. 'As decarbonization becomes central to long-term strategy for businesses, our collaboration with NZero enables cutting-edge, data-driven solutions that support measurable outcomes. By uniting our capabilities across Japan and the U.S., we're empowering businesses and governments with the tools they need to reduce emissions, optimize energy use, and meet regulatory and stakeholder expectations with confidence.' NZero acquisition background As the U.S. enters a new era of energy and climate policy, this alliance was formed to address rising energy and emission challenges, offering scalable growth potential across two of the world's most influential markets, positioning the combined entity as a frontrunner in the global climate tech economy. The strategic integration of Asuene's Asia region market leadership in sustainability and compliance with NZero's AI-powered energy intelligence platform—already gaining traction with U.S. state governments and several industries—creates a differentiated and comprehensive decarbonization solution. Asuene's acquisition of NZero further enhances its global Greentech capabilities and positions the company to deliver integrated, full-scale decarbonization solutions—laying the foundation for a world-class climate tech platform poised to meet rising global demand. 'This alliance allows NZero to accelerate GHG emissions measurement and the implementation of reduction measures in the United States and across Asuene's global operations as a fully integrated partner,' said Josh Weber CEO of NZero. 'As climate change intensifies and global sustainability standards evolve, combining industry expertise and innovation is critical in equipping organizations with the tools needed to take accountable, measurable steps toward net-zero emissions.' US Greentech/Decarbonization challenges and opportunities In 2025, the U.S. Green tech landscape is marked by a sharp contrast between federal policies, regional and local initiatives. The Trump administration's rollback on decarbonization efforts has led to a decline in federal commitment, including the withdrawal from the Paris Agreement, reduced investment for renewable energy and increased support for the fossil fuel industry. In turn, states like California and New York, along with various cities, continue to lead the charge, pushing forward with their own ambitious emissions reduction goals. This dichotomy has resulted in a decentralized, yet resilient, approach to climate action, as local governments and the private sector accelerate their decarbonization efforts. While the federal government's stance on climate regulations may be shifting, the pressure on businesses to reduce emissions remains relentless. This is driven by market forces, including customer demands, investor expectations, and international competition. As companies continue to voluntarily disclose their emissions data, states, local governments and the private sector's momentum towards decarbonization is gaining strength, further demonstrating that green tech is not just a matter of policy, but one of global economic competitiveness. Through this acquisition, Asuene will leverage the high-precision GHG emissions calculation systems and energy intelligence management technologies developed by NZero, with its expanding global market presence, including within the public sector, to establish and strengthen the Greentech business foundation in the US sustainability market. 'NZero is a truly dependable and proven technology partner that has consistently achieved results for municipalities and public facilities,' added Nishiwada. Asuene is ranked 86th on the list of TIME Magazine's 'World's Top GreenTech Companies 2025,' out of 250 companies selected worldwide - one of three Japanese companies and the only Japanese carbon accounting platform provider to make the list. Moving forward, guided by its mission, 'Creating a better world for the next generation', Asuene will continue its mission to accelerate the development of infrastructure for a decarbonized society, through strategic acquisitions investment and partnerships with a focus on Japan, the United States, Asia, and the broader global landscape. About Asuene Asuene Inc. is a leading Climate Tech company committed to driving global efforts toward a net-zero society, providing comprehensive sustainability solutions for businesses on their decarbonization journey. The ASUENE carbon accounting platform enables the measurement, reporting, and reduction of greenhouse gas emissions. Learn more at About NZero NZero's Energy Intelligence platform enables organizations, governments, and businesses to operationalize and optimize energy usage, cost, and emissions. By delivering granular data at both the asset and portfolio levels – paired with powerful predictive analytics, reporting, and compliance tools – NZero empowers leaders to make informed decisions that drive efficiency, reduce expenses, and meet climate commitments. To learn more, visit Media Contact: CJ Martinez +1 310 980 5431 [email protected] View original content to download multimedia: SOURCE Asuene
National Post
01-05-2025
- Business
- National Post
FlexEnergy Solutions Signs Agreement for the Sale of Its Canadian Operations to Focus on Growth Opportunities
Article content CENTENNIAL, Colo. — FlexEnergy Solutions ('FlexEnergy'), a leader in reliable, clean, on-demand power solutions, today announced the signing of a Purchase and Sale Agreement to sell 100% of its shares of Flex Leasing Power and Service ULC ('FlexEnergy Canada') to Enterprise Group, Inc. ('Enterprise'), a consolidator of energy services (including specialized equipment and services to the energy/resource sector), emphasizes technologies that mitigate, reduce, or eliminate CO2 and Green House Gas (GHG) and other harmful emissions for small local and Tier One resource clients. FlexEnergy Solutions and Enterprise Group are finalizing the necessary documentation and anticipate closing the acquisition within the next few days. Article content Article content With this strategic transaction, Enterprise will become the exclusive supplier for FlexEnergy's turbines in Canada, further solidifying its market leadership and positioning Enterprise at the forefront of addressing the growing demand for reliable and efficient natural gas to electric power solutions across Canada and various industries. Article content FlexEnergy manufactures, sells, and leases the most resilient, clean gas turbines available for off-grid or grid-parallel power applications. With more than 20 years of engineering and manufacturing experience, the Flex Turbine addresses the need for uninterrupted power by delivering continuous, clean power with wide fuel tolerance in a scalable design that is quick and simple to deploy. The divestiture reflects the company's focus on core growth markets across North America and provides additional financial flexibility to expand its fleet and better serve its growing customer base. Article content Flex Energy's turbine technology, renowned for its efficiency, low-emission performance, and industry-leading fuel tolerance, has been a proven solution in Canada's most demanding, extreme environments. The technology's robust performance is critical for industries ranging from remote power requirements, manufacturing, to AI data centers, which are increasingly relying on natural gas due to its rapid growth and sustainability as a power source. Article content This acquisition not only expands Enterprise's fleet by adding 17 turbine generators but also establishes a platform from which to add FlexEnergy's innovative 2.0-megawatt unit that meets the highest standards of power generation efficiency. Additionally, the acquisition includes several long-term lease and service contracts, ensuring a steady stream of recurring revenue. Article content The integration of FlexEnergy Canada into Enterprise Group will enhance the company's offerings significantly. Not only will Enterprise continue to meet temporary and project-based power needs, but it will also provide permanent installation solutions with long-term lease options catering to a wider range of customer needs across all industries. Article content The acquisition also includes Flex Energy's team of highly trained specialists, ensuring continued excellence in turbine technology and operations. This expansion aligns with the growing trend toward mobile, temporary natural gas power solutions, which offer a more cost-effective and environmentally friendly alternative to traditional diesel. Article content 'We are excited about this transformational transaction and the new opportunities it creates for FlexEnergy Solutions,' said Doug Baltzer, CEO of FlexEnergy Solutions. 'This decision represents a key milestone in our long-term growth strategy. The transaction will provide us with additional capital to invest in growing our fleet and pursuing emerging opportunities in key markets across North America.' Article content 'We are excited to represent FlexEnergy Solutions in the Canadian market. The Flex Turbine® is truly best-in-class technology, offering unrivaled uptime and dependability,' said Leonard D. Jaroszuk, CEO and Chairman of Enterprise Group, Inc. 'Our two companies share the common goals of delivering reliable, clean power on demand.' Article content FlexEnergy Solutions is a leader in reliable, clean, on-demand power solutions for industrial and commercial institutions that require consistent, reliable power in 250 kW, 333 kW, and 2 MW offerings. We lease and service the most resilient, clean gas turbines available for off-grid or grid-parallel applications. Our turbines are ideal for remote, extreme climates, and our customers rely on our ability to deliver the highest quality engineering, power, and support 24/7, 365 days per year. For more information, please visit Article content Article content Article content Article content Article content
Business Wire
01-05-2025
- Business
- Business Wire
FlexEnergy Solutions Signs Agreement for the Sale of Its Canadian Operations to Focus on Growth Opportunities
CENTENNIAL, Colo.--(BUSINESS WIRE)--FlexEnergy Solutions ('FlexEnergy'), a leader in reliable, clean, on-demand power solutions, today announced the signing of a Purchase and Sale Agreement to sell 100% of its shares of Flex Leasing Power and Service ULC ('FlexEnergy Canada') to Enterprise Group, Inc. ('Enterprise'), a consolidator of energy services (including specialized equipment and services to the energy/resource sector), emphasizes technologies that mitigate, reduce, or eliminate CO2 and Green House Gas (GHG) and other harmful emissions for small local and Tier One resource clients. FlexEnergy Solutions and Enterprise Group are finalizing the necessary documentation and anticipate closing the acquisition within the next few days. With this strategic transaction, Enterprise will become the exclusive supplier for FlexEnergy's turbines in Canada, further solidifying its market leadership and positioning Enterprise at the forefront of addressing the growing demand for reliable and efficient natural gas to electric power solutions across Canada and various industries. FlexEnergy manufactures, sells, and leases the most resilient, clean gas turbines available for off-grid or grid-parallel power applications. With more than 20 years of engineering and manufacturing experience, the Flex Turbine addresses the need for uninterrupted power by delivering continuous, clean power with wide fuel tolerance in a scalable design that is quick and simple to deploy. The divestiture reflects the company's focus on core growth markets across North America and provides additional financial flexibility to expand its fleet and better serve its growing customer base. Flex Energy's turbine technology, renowned for its efficiency, low-emission performance, and industry-leading fuel tolerance, has been a proven solution in Canada's most demanding, extreme environments. The technology's robust performance is critical for industries ranging from remote power requirements, manufacturing, to AI data centers, which are increasingly relying on natural gas due to its rapid growth and sustainability as a power source. This acquisition not only expands Enterprise's fleet by adding 17 turbine generators but also establishes a platform from which to add FlexEnergy's innovative 2.0-megawatt unit that meets the highest standards of power generation efficiency. Additionally, the acquisition includes several long-term lease and service contracts, ensuring a steady stream of recurring revenue. The integration of FlexEnergy Canada into Enterprise Group will enhance the company's offerings significantly. Not only will Enterprise continue to meet temporary and project-based power needs, but it will also provide permanent installation solutions with long-term lease options catering to a wider range of customer needs across all industries. The acquisition also includes Flex Energy's team of highly trained specialists, ensuring continued excellence in turbine technology and operations. This expansion aligns with the growing trend toward mobile, temporary natural gas power solutions, which offer a more cost-effective and environmentally friendly alternative to traditional diesel. 'We are excited about this transformational transaction and the new opportunities it creates for FlexEnergy Solutions,' said Doug Baltzer, CEO of FlexEnergy Solutions. 'This decision represents a key milestone in our long-term growth strategy. The transaction will provide us with additional capital to invest in growing our fleet and pursuing emerging opportunities in key markets across North America.' 'We are excited to represent FlexEnergy Solutions in the Canadian market. The Flex Turbine® is truly best-in-class technology, offering unrivaled uptime and dependability," said Leonard D. Jaroszuk, CEO and Chairman of Enterprise Group, Inc. 'Our two companies share the common goals of delivering reliable, clean power on demand.' About FlexEnergy Solutions FlexEnergy Solutions is a leader in reliable, clean, on-demand power solutions for industrial and commercial institutions that require consistent, reliable power in 250 kW, 333 kW, and 2 MW offerings. We lease and service the most resilient, clean gas turbines available for off-grid or grid-parallel applications. Our turbines are ideal for remote, extreme climates, and our customers rely on our ability to deliver the highest quality engineering, power, and support 24/7, 365 days per year. For more information, please visit About Enterprise Group, Inc. Enterprise Group, Inc., is a consolidator of services-including specialized equipment rental to the energy/resource sector. The Company works with particular emphasis on systems and technologies that mitigate, reduce, or eliminate CO2 and Greenhouse Gas and other harmful emissions for itself and its clients. The Company is well known to local Tier One and international resource companies with operations in Western Canada. More information is available at the Company's website Corporate filings can be found on
