Latest news with #IGNIS
Yahoo
14-07-2025
- Business
- Yahoo
San Ciprián Smelter Resumes Restart Following National Power Outage
The joint venture receives assurances on grid resilience MADRID, July 14, 2025--(BUSINESS WIRE)--Today, Alcoa Corporation (NYSE: AA, ASX: AAI) and its joint venture partner, IGNIS Equity Holdings, SL (IGNIS EQT), announced that the restart process of the San Ciprián smelter in Spain will resume. On April 28, Alcoa's San Ciprián complex was impacted by a widespread power outage across Spain. As a result of the outage, both the San Ciprián refinery and smelter were affected, significantly impacting the ability to reach a timely and full restart of the smelter. Upon assessing the damage from the outage, the joint venture paused the restart until the Spanish Government could provide sufficient details on the cause of the power outage and the measures being taken to prevent a reoccurrence. "We have reviewed the Spanish Government's report on the circumstances that caused the power outage, and the planned measures and investments aimed at providing improved grid resilience. We have also met with national and regional government representatives and received assurances they will continue to promote measures to provide reliable and competitive energy," said Rob Bear, Vice President, Spain for Alcoa. "Based on these factors and the government's recent public statements, the joint venture has decided to resume the restart of the smelter." The joint venture estimates that the restart will be completed by mid-2026. Based on recent pricing, the Company is revising its prior estimates and expects to record a net loss (pre-tax and noncontrolling interest) for the smelter of approximately $90 million to $110 million, or $0.35 to $0.42 per common share in 2025, and associated cash used by operations for the smelter is expected to approximate $110 million to $130 million in 2025. The unfavorable change from prior estimates is due to a delay in the completion of the restart and related revenue from 2025 into 2026. About Alcoa Corporation Alcoa (NYSE: AA, ASX: AAI) is a global industry leader in bauxite, alumina and aluminum products with a vision to reinvent the aluminum industry for a sustainable future. With a values-based approach that encompasses integrity, operating excellence, care for people and courageous leadership, our purpose is to Turn Raw Potential into Real Progress. Since developing the process that made aluminum an affordable and vital part of modern life, our talented Alcoans have developed breakthrough innovations and best practices that have led to greater efficiency, safety, sustainability and stronger communities wherever we operate. About IGNIS EQT IGNIS EQT is a company 100% owned by Mr. Antonio Sieira, and the majority shareholder in the IGNIS Group of Companies, a vertically integrated energy company based in Spain. Since its creation in 2015, IGNIS promotes the development of a portfolio of more than 20 GW of renewable projects in Europe, USA, Latin America and Asia. Currently, IGNIS manages an operational portfolio of 8 GW of generation technologies and offers customized and innovative energy solutions to industry, SMEs and end-consumers. Dissemination of Company Information Alcoa intends to make future announcements regarding company developments and financial performance through its website, as well as through press releases, filings with the Securities and Exchange Commission, conference calls, media broadcasts, and webcasts. Cautionary Statement on Forward-Looking Statements This press release contains statements that relate to future events and expectations about the San Ciprián operations, including but not limited to, the expected restart timing and financial position of the smelter, and as such constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include those containing such words as "aim," "ambition," "anticipates," "believes," "could," "develop," "endeavors," "estimates," "expects," "forecasts," "goal," "intends," "may," "outlook," "plans," "potential," "projects," "reach," "seeks," "sees," "should," "targets," "will," "working," "would," or other words of similar meaning. All statements by Alcoa that reflect expectations, assumptions or projections about the future, other than statements of historical fact, are forward-looking statements. Forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and changes in circumstances that are difficult to predict. Although Alcoa believes that the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that these expectations will be attained, and it is possible that actual results may differ materially from those indicated by these forward-looking statements due to a variety of risks and uncertainties. Additional information concerning factors that could cause actual results to differ materially from those projected in the forward-looking statements is contained in Alcoa's filings with the Securities and Exchange Commission. Alcoa disclaims any obligation to update publicly any forward-looking statements, whether in response to new information, future events or otherwise, except as required by applicable law. View source version on Contacts Alcoa Investor Contact: Yolande Alcoa Media Contacts: Corporate:Courtney Spain:Raquel Gonzalez Redondo(+34) 611 57 31 For IGNIS Inés Aparicio 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
Business Wire
14-07-2025
- Business
- Business Wire
San Ciprián Smelter Resumes Restart Following National Power Outage
MADRID--(BUSINESS WIRE)--Today, Alcoa Corporation (NYSE: AA, ASX: AAI) and its joint venture partner, IGNIS Equity Holdings, SL (IGNIS EQT), announced that the restart process of the San Ciprián smelter in Spain will resume. On April 28, Alcoa's San Ciprián complex was impacted by a widespread power outage across Spain. As a result of the outage, both the San Ciprián refinery and smelter were affected, significantly impacting the ability to reach a timely and full restart of the smelter. Upon assessing the damage from the outage, the joint venture paused the restart until the Spanish Government could provide sufficient details on the cause of the power outage and the measures being taken to prevent a reoccurrence. 'We have reviewed the Spanish Government's report on the circumstances that caused the power outage, and the planned measures and investments aimed at providing improved grid resilience. We have also met with national and regional government representatives and received assurances they will continue to promote measures to provide reliable and competitive energy,' said Rob Bear, Vice President, Spain for Alcoa. 'Based on these factors and the government's recent public statements, the joint venture has decided to resume the restart of the smelter.' The joint venture estimates that the restart will be completed by mid-2026. Based on recent pricing, the Company is revising its prior estimates and expects to record a net loss (pre-tax and noncontrolling interest) for the smelter of approximately $90 million to $110 million, or $0.35 to $0.42 per common share in 2025, and associated cash used by operations for the smelter is expected to approximate $110 million to $130 million in 2025. The unfavorable change from prior estimates is due to a delay in the completion of the restart and related revenue from 2025 into 2026. About Alcoa Corporation Alcoa (NYSE: AA, ASX: AAI) is a global industry leader in bauxite, alumina and aluminum products with a vision to reinvent the aluminum industry for a sustainable future. With a values-based approach that encompasses integrity, operating excellence, care for people and courageous leadership, our purpose is to Turn Raw Potential into Real Progress. Since developing the process that made aluminum an affordable and vital part of modern life, our talented Alcoans have developed breakthrough innovations and best practices that have led to greater efficiency, safety, sustainability and stronger communities wherever we operate. About IGNIS EQT IGNIS EQT is a company 100% owned by Mr. Antonio Sieira, and the majority shareholder in the IGNIS Group of Companies, a vertically integrated energy company based in Spain. Since its creation in 2015, IGNIS promotes the development of a portfolio of more than 20 GW of renewable projects in Europe, USA, Latin America and Asia. Currently, IGNIS manages an operational portfolio of 8 GW of generation technologies and offers customized and innovative energy solutions to industry, SMEs and end-consumers. Dissemination of Company Information Alcoa intends to make future announcements regarding company developments and financial performance through its website, as well as through press releases, filings with the Securities and Exchange Commission, conference calls, media broadcasts, and webcasts. Cautionary Statement on Forward-Looking Statements This press release contains statements that relate to future events and expectations about the San Ciprián operations, including but not limited to, the expected restart timing and financial position of the smelter, and as such constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include those containing such words as 'aim,' 'ambition,' 'anticipates,' 'believes,' 'could,' 'develop,' 'endeavors,' 'estimates,' 'expects,' 'forecasts,' 'goal,' 'intends,' 'may,' 'outlook,' 'plans,' 'potential,' 'projects,' 'reach,' 'seeks,' 'sees,' 'should,' 'targets,' 'will,' 'working,' 'would,' or other words of similar meaning. All statements by Alcoa that reflect expectations, assumptions or projections about the future, other than statements of historical fact, are forward-looking statements. Forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and changes in circumstances that are difficult to predict. Although Alcoa believes that the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that these expectations will be attained, and it is possible that actual results may differ materially from those indicated by these forward-looking statements due to a variety of risks and uncertainties. Additional information concerning factors that could cause actual results to differ materially from those projected in the forward-looking statements is contained in Alcoa's filings with the Securities and Exchange Commission. Alcoa disclaims any obligation to update publicly any forward-looking statements, whether in response to new information, future events or otherwise, except as required by applicable law.
NDTV
28-06-2025
- Science
- NDTV
How Shubhanshu Shukla Sees Earth From Space As He Adjusts To Zero Gravity
New Delhi: Astronaut Shubhanshu Shukla is getting the incredible views of Mother Earth as he orbits the planet - seeing 16 sunsets and 16 sunrises. Mr Shukla and his Axiom-4 space mission colleagues are learning more about the safety at the International Space Station and shifting cargo, and essentially setting up their new but temporary home in space. One of the astronauts, Peggy Whitson, posted a picture of Earth on X, saying she has "missed the view". I've missed this view! #Ax4 — Peggy Whitson (@AstroPeggy) June 27, 2025 Mr Shukla is feeling well and continues his activities at the space station. For Group Captain Shukla, day two at ISS will begin with setting up experiments. His first day was spent setting up his new home by shifting cargo from the Grace capsule to the space station. Mr Shukla is still learning and integrating with the Space-11 at the ISS. According to Axiom Space, the Axiom crew continued adjusting to life in microgravity, and the crew focused on integration with the resident Expedition 73 crew. Together, they completed training on handover protocols and emergency procedures, ensuring seamless coordination. The crew transferred high-priority cargo and emergency equipment between Dragon and the space station. This included payloads, essential supplies, and safety gear, all carefully logged and stowed for operations. Dziękuję za Wasze wsparcie. Czuję je cały czas 🇵🇱 Praca nad naszymi eksperymentami w mikrograwitacji rozpoczęta! Thank you for your support. I feel it every step of the way 🇵🇱 The work on our experiments in microgravity has begun! #IGNIS #Ax4 #astro_slawosz 📷 @AstroPeggy … — Sławosz Uznański-Wiśniewski (@astro_slawosz) June 27, 2025 The Ax-4 astronauts also began preparing for their research studies. They initiated setup for several experiments and began transferring samples to designated modules. Looking ahead to tomorrow, the crew will continue finalising the setup for research and technology demonstrations. According to NASA, on Friday, Ax-4 quickly got to work unloading sample-packed hardware and portable science freezers from inside Dragon for installation in station incubators and research refrigerators ahead of upcoming experiments. Station safety hardware was also temporarily transferred inside Dragon, as is customary for visiting spacecraft. The private astronaut quartet later joined the Expedition 73 crew for more safety reviews to learn their roles and responsibilities and communication protocols with mission controllers in the unlikely event of an emergency on the orbital outpost, the space agency said. Meanwhile, Expedition 73 kept up its daily research schedule with a space exercise study, eye exams, and lunar photography. Cargo transfers and life support maintenance rounded out the crew's day. There are eleven astronauts at the space station, hence the Space-11 are right now gelling up to become one weightless family.
Yahoo
06-06-2025
- Entertainment
- Yahoo
‘Grey's Anatomy' Star Jake Borelli Making Directorial Debut With ‘IGNIS,' Starring Britt Baron, Allen Leech and Karan Soni (EXCLUSIVE)
Jake Borelli, best known for playing Dr. Levi Schmitt on 'Grey's Anatomy,' is moving behind the camera and making his directorial debut on 'IGNIS.' Described as a 'genre-bending relationship drama,' the film stars Britt Baron ('GLOW'), Allen Leech ('Downton Abbey') and Karan Soni ('A Nice Indian Boy'). 'IGNIS' recently wrapped production in Los Angeles. More from Variety 'Grey's Anatomy' Star Jake Borelli on Levi Schmitt's Exit and Almost Refusing His Coming Out Storyline: 'I Wasn't Ready to Talk About' It on a 'Global Level' 'Grey's Anatomy,' 'Hacks,' 'The Simpsons' Among Series to Be Honored by Hollywood, Health & Society's Sentinel Awards ABC Shares First Looks at New Seasons of 'Grey's Anatomy,' 'Abbott Elementary' and More in Teaser Clip (EXCLUSIVE) The film was written and co-produced by Tony Award-winning producer Julie Cohn ('Stereophonic'), who also wrote the popular podcast 'The Redefector.' It follows Camille, a woman who begins to question her relationship after discovering that her fiancé may have taken a pill designed to chemically induce romantic love. 'As an actor, I've always been drawn to the emotional undercurrents that make us human. With 'IGNIS,' I wanted to explore those same currents — but this time, from the director's chair,' Borelli said in a statement. 'This story is about love, but also about truth, autonomy and the complex ethics of altering our emotions.' Borelli's other credits include the Netflix comedy drama 'Reality High,' as well as 'The Thing About Harry' and 'The Thundermans Return.' He also appeared in shows such as 'iCarly,' 'Parenthood' and 'NCIS: Los Angeles.' On 'Grey's Anatomy,' Borelli played the show's first openly gay male surgeon for more than 130 episodes. Borelli worked with many collaborators from the show on the film, including veteran cinematographer Jeanne Tyson. Line producers Michael Scott and Suki-Rose Etter helped shepherd the project to the screen. 'IGNIS' is targeting a 2026 festival run. Borelli is repped by Amplified and CESD; Baron is repped by Principal Talent and CESD; Leech is repped by Untitled Entertainment and The Way; Soni is repped by CAA and Mosaic; Cohn is repped by Characters and UTA. Best of Variety New Movies Out Now in Theaters: What to See This Week Emmy Predictions: Animated Program — Can Netflix Score Big With 'Arcane,' 'Devil May Cry' and the Final Season of 'Big Mouth?' What's Coming to Netflix in June 2025
