Latest news with #hybridpower
Fox News
20-07-2025
- Automotive
- Fox News
Santino Ferrucci Out For Toronto After Morning Crash Damages Car Beyond Repair
TORONTO — Santino Ferrucci will miss the INDYCAR race today at Toronto, as a hard crash in the morning warm-up damaged the car beyond repair. With only three hours between the end of the warm-up and the start of the race, the A.J. Foyt Racing team did not have time to adequately repair the car or get the spare car ready to race. Ferrucci was icing his hand after the accident, but the team indicated it was not broken and Ferrucci said he would be OK. The accident occurred in the last few minutes of the 25-minute morning warm-up. Ferrucci said it was purely driver error, as he had not disengaged the hybrid power boost and was on the primary (harder) tires, which meant more power going into Turn 8. The rear of the car swung around and he slapped the outside wall hard. "Mistake," Ferrucci said. "I'm struggling obviously with the car. It was wet [from rain earlier] in that corner and I had been lifting and just out of habit, I'd been pulling the hybrid and I forgot to turn the hybrid off. ... I just lost the rear [of the car]. "It was a little bit of the boost in the power, it was just enough [and] we were also on the prime tire instead of the [softer] alternate just to get a read. Just a driving error. I feel pretty bad about that." Ferrucci was 10th in the series standings but had struggled this weekend on the Toronto streets. He was slated to start 23rd. Ferrucci will be awarded three points (instead of five for last place) for qualifying for the race but not starting. "The damage sustained to the car requires extensive repairs that cannot be completed to the standard of safety and performance necessary to race," the team said in a statement. "While this is a difficult decision for the team, the safety of our driver and our crew remains our top priority." Bob Pockrass covers NASCAR and INDYCAR for FOX Sports. He has spent decades covering motorsports, including over 30 Daytona 500s, with stints at ESPN, Sporting News, NASCAR Scene magazine and The (Daytona Beach) News-Journal. Follow him on Twitter @bobpockrass.
Yahoo
17-07-2025
- Business
- Yahoo
Foxtheon Launches Hybrid Power Systems for Cranes with 50% Fuel Savings
FUZHOU, China, July 17, 2025 (GLOBE NEWSWIRE) -- Foxtheon, an innovator in intelligent hybrid energy solutions, has announced the launch of its HybridPack HP1000 and EnergyPack P500 and P200—hybrid power systems designed for the construction sector. These systems can handle the high power demands and variable loads of heavy equipment, such as tower cranes. They help reduce diesel consumption by up to 50% and contribute to lower emissions on job sites. The launch comes as construction sites continue to struggle with the inefficiencies of diesel generators, especially under inconsistent load conditions, driving up high fuel use, noise, and emissions. In response, Foxtheon offers cleaner, more efficient alternatives: EnergyPack P500 and P200: Engineered for high-power off-grid sites, these smart energy storage systems can handle peak loads and reduce reliance on diesel generators. The EnergyPack series can be used for construction, mining, and industrial microgrids, providing stable power at lower HP1000: A hybrid power generator, HP1000 optimises diesel efficiency through load balancing, peak shaving, and automatic switching. It is suitable for remote job sites, telecommunications, and emergency power backup. The HybridPack HP1000 and EnergyPack P500/P200 are more than just batteries; they are intelligent, plug-and-play hybrid battery energy storage systems. At their core is Foxtheon's proprietary FoxMind intelligent management system, which seamlessly integrates with diesel generators. This advanced AI manages power flow to meet fluctuating loads from tower cranes and heavy machinery, optimising generator performance and reducing fuel waste. This regulation can improve fuel efficiency and cut consumption by up to 50%. 'Foxtheon's mission is to redefine hybrid power solutions through innovation and smart technology,' says George, CEO of Foxtheon. 'The EnergyPack P500/P200 and HybridPack HP1000 change how heavy construction equipment is powered. For contractors and rental fleets, this means a significant competitive edge through lower operating costs and a step toward more sustainable construction.' For more information on Foxtheon's hybrid power solutions, visit: About FoxtheonFoxtheon is a trusted provider of intelligent hybrid power solutions, specialising in energy storage, hybrid generators, and solar power systems. With operations in more than 15 countries and regions, Foxtheon has successfully implemented over 80 hybrid power projects, helping businesses lower fuel costs and reduce emissions. Media ContactCompany Name: FoxtheonWebsite: info@ +86 0591 23510987 A photo accompanying this announcement is available at in to access your portfolio
Yahoo
17-06-2025
- Business
- Yahoo
KKR to acquire Australia's Zenith Energy from consortium
Investment firm KKR has signed definitive agreements to acquire Australia-based Zenith Energy from a consortium of Pacific Equity Partners, Canada's OPSEU Pension Trust (OPTrust) and the Foresight Group. The strategic partnership will enhance Zenith's ability to expand renewable and hybrid energy solutions throughout Australia's most remote and energy-intensive sectors. Zenith is an independent power producer focusing on sustainable and dependable hybrid power solutions for remote, off-grid clients in the resource sector, as well as urban microgrids for commercial, industrial and residential areas. The company plays a vital role in supporting Australia's extensive off-grid mining industry and has built a robust reputation over its 18 years of operation. It currently offers more than 710MW of contracted capacity across 15 sites, all secured through long-term agreements. KKR is executing the acquisition through its Asia Pacific Infrastructure Investors II Fund. The transaction marks an expansion by the company into the renewable energy sector as it continues to grow its global infrastructure portfolio. KKR Australia and New Zealand (ANZ) infrastructure managing director and head Andrew Jennings stated: 'Zenith's position at the forefront of the energy transition, coupled with its long-term relationships with strategic, high-quality counterparties, make it an ideal investment for our Asia Pacific infrastructure platform. 'Zenith has established itself as one of the clear leaders in deploying and managing hybrid power solutions in Australia, a priority market for KKR in Asia Pacific. We look forward to supporting Zenith and its management team over the next stage of growth and helping them capitalise on the significant opportunity for off-grid renewable power.' The acquisition follows Zenith's recent A$1.9 billion ($1.24 billion) refinancing and upsizing of existing debt facilities, which provided more than A$1 billion in growth capital from various lenders to support new project development within Australia's resource sector. The deal is expected to close by late 2025, pending regulatory approvals. Zenith Energy CEO and managing director Hamish Moffat stated: 'We are excited by the opportunity presented by KKR's investment in the company and its strategy, which is a strong validation of Zenith's capabilities and competitive edge. The investment by KKR will accelerate our growth and ability to service large-scale projects with a broad capital base. 'Today's announcement positions the company to continue providing our distinct value proposition via these unique remote energy solutions to our existing clients, while enabling us to pursue a robust pipeline of new opportunities as Australia's mining sector intensifies its decarbonisation efforts.' In January 2025, AEP entered a strategic partnership worth $2.82bn with KKR and PSP Investments to divest a 19.9% equity interest in its transmission companies in the US states of Ohio, Indiana and Michigan. "KKR to acquire Australia's Zenith Energy from consortium" was originally created and published by Power 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 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
Entrepreneur
15-05-2025
- Business
- Entrepreneur
Finvolve and India Accelerator Invest USD 1 Mn in Rohal Technologies
You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Finvolve, the multi-stage VC fund backed by India Accelerator (IA), has invested USD 1 million in seed funding into Rohal Technologies, a deep-tech startup specialising in hybrid green energy solutions for defense and mission-critical applications. The funds will be deployed to scale up production, fulfill defense orders, boost R&D, and grow the engineering and operations teams. Founded in 2017, Rohal Technologies is headquartered in New Delhi and focuses on building innovative, zero-emission hybrid power systems for use in defense, homeland security, disaster management, and telecom. The company's indigenously developed Solid Oxide Fuel Cell (SOFC) technology powers highly portable, rugged, and clean energy systems that can operate in extreme conditions, including altitudes above 18,000 feet and temperatures as low as -35°C. Rohal's core offerings include hybrid off-grid power solutions integrating solar panels, batteries, and inverters; renewable energy and hybrid power management systems; IT management solutions; and cutting-edge fuel cell technologies. These systems are already deployed by key government and defense bodies including the Indian Army, Air Force, NSG, CRPF, BSF, and others. Karmbir Singh, Founder and CEO of Rohal Technologies, added, "Our mission has always been to make India energy-resilient in its most sensitive and remote defense zones. With the support of IA and Finvolve, we are now ready to ramp up production, expand our research capabilities, and deliver best-in-class, zero-emission power systems where they are needed most." With this funding, Rohal Technologies aims to ramp up its patented hybrid power management systems and collaborate further with institutions like DRDO and BEL to co-develop future-ready energy technologies. The company is also expanding its footprint in advanced tech areas such as exoskeletons, autonomous systems, AI platforms, and APU-based solutions, establishing itself as a holistic defense technology provider.
