Latest news with #solarPower
Associated Press
a day ago
- Business
- Associated Press
IBN Coverage: SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) to Allocate Solar Project Revenue to Bitcoin Treasury Strategy
This article was published by IBN, a multifaceted communications organization engaged in connecting public companies to the investment community. LOS ANGELES, CA - June 6, 2025 ( NEWMEDIAWIRE ) - Disseminated on behalf of SolarBank Corporation SolarBank (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) has taken its first step toward implementing a Bitcoin treasury strategy by committing net revenue from its 3.79 MW Geddes Solar Power Project to Bitcoin purchases. This initiative places SolarBank among the early renewable energy companies integrating digital assets into corporate finance. The Geddes Project, built on a repurposed landfill, is expected to begin operations by the end of June 2025. CEO Dr. Richard Lu described the move as a strategic blend of stable energy cash flow and Bitcoin's appreciation potential, with future expansions of the strategy under evaluation across the company's clean energy portfolio. To view the full press release, visit About SolarBank Corporation SolarBank Corporation is an independent renewable and clean energy project developer and owner focusing on distributed and community solar projects in Canada and the USA. The Company develops solar, Battery Energy Storage System (BESS) and EV Charging projects that sell electricity to utilities, commercial, industrial, municipal and residential off-takers. The Company maximizes returns via a diverse portfolio of projects across multiple leading North America markets including projects with utilities, host off-takers, community solar, and virtual net metering projects. The Company has a potential development pipeline of over one gigawatt and has developed renewable and clean energy projects with a combined capacity of over 100 megawatts built. For more information, visit the company's website at This report contains forward-looking information. Please refer to for additional details. NOTE TO INVESTORS: IBN is a multifaceted financial news, content creation and publishing company utilized by both public and private companies to optimize investor awareness and recognition. For more information, please visit Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: The latest news and updates relating to SUUN are available in the company's newsroom at Forward Looking Statements Certain statements in this article are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including the risks set forth under the heading 'Risk Factors' discussed under the caption 'Item 1A. Risk Factors' in Part I of the Company's most recent Annual Report on Form 10-K or any updates discussed under the caption 'Item 1A. Risk Factors' in Part II of the Company's Quarterly Reports on Form 10-Q and in the Company's other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this article in making an investment decision, which are based on information available to us on the date hereof. All parties undertake no duty to update this information unless required by law. About IBN IBN is a cutting-edge communications and digital engagement platform providing tailored Platform Solutions for select private and public companies. Over the course of 19+ years, IBN has introduced over 70 investor facing brands to the investment public and amassed a collective audience of millions of social media followers. These distinctive investor brands amplify recognition and reach as well as help fulfill the unique needs of our rapidly growing and diverse base of client-partners. IBN will continue to expand our branded network of influential properties as well as leverage the energy and experience of our team of professionals to best serve our clients. IBN's Platform Solutions provide access to: (1) our Dynamic Brand Portfolio (DBP) through 70+ investor facing brands; (2) article and editorial syndication to 5,000+ news outlets; (3) full-scale distribution to a growing Social Media Network (SMN) ; (4) a network of wire solutions via InvestorWire to effectively reach target markets and demographics; (5) Press Release Enhancement to ensure accuracy and impact; (6) a full array of corporate communications solutions; and (7) total news coverage solutions. For more information, please visit Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: Media Contact IBN Los Angeles, California 310.299.1717 Office [email protected] View the original release on
Associated Press
2 days ago
- Business
- Associated Press
KCC Celebrates World Environment Day
On World Environment Day, we're sharing the impactful efforts of our teams as they continue to work toward a more sustainable future and deliver on our purpose, Better Care For A Better World. Our Epping facility near Cape Town, South Africa, implemented an on-site solar panel installation that's expected to generate more than 2,200 megawatt-hours (MWh) of clean energy annually. That's enough to power roughly 500 homes and remove more than 2,300 metric tons of carbon dioxide equivalent emissions each year. The installation is part of Kimberly-Clark's broader on-site solar program, which plays a vital role in our energy-sourcing strategy and supports our climate goals. In 2024 alone, we activated eight new solar installations across our global operations, generating 34,000 MWh of renewable energy. And we're just getting started, with 14 more installations planned for 2025. These initiatives are some of the many ways we are working toward our global sustainability ambitions. About Kimberly-Clark Kimberly-Clark (Nasdaq: KMB) and its trusted brands are an indispensable part of life for people in more than 175 countries. Fueled by ingenuity, creativity, and an understanding of people's most essential needs, we create products that help individuals experience more of what's important to them. Our portfolio of brands, including Huggies, Kleenex, Scott, Kotex, Cottonelle, Poise, Depend, Andrex, Pull-Ups, GoodNites, Intimus, Plenitud, Sweety, Softex, Viva and WypAll, hold No. 1 or No. 2 share positions in approximately 70 countries. We use sustainable practices that support a healthy planet, build strong communities, and ensure our business thrives for decades to come. We are proud to be recognized as one of the World's Most Ethical Companies® by Ethisphere for the seventh year in a row and one of Fortune's Most Innovative Companies in America in 2024. To keep up with the latest news and to learn more about the company's more than 150-year history of innovation, visit the Kimberly-Clark website. View original content here. Visit 3BL Media to see more multimedia and stories from Kimberly-Clark Corporation
Bloomberg
3 days ago
- Business
- Bloomberg
European Power Markets Brace for Extreme Heat Over the Summer
A cool, wet start to June in Northern Europe is set to give way to a summer of extreme weather, roiling energy markets that have become increasingly dependent on solar and wind power. High-pressure systems are forecast to return later this month, bringing the risk of heat waves this summer following an unusually dry and sunny spring. That will drive up power demand for cooling, though the impact on gas prices will also depend on surging solar generation and nuclear output levels in France.
South China Morning Post
3 days ago
- Business
- South China Morning Post
Are Chinese solar panels the answer for Global South, or do costs not add up?
The rise of decentralised solar power has prompted a Pakistani think tank to call for China to play a leading role in Pakistan's energy transition, creating a model for other countries in the Global South. However, a Chinese energy scholar has questioned whether its vision is too expensive to be true. Advertisement An increasing flow of cheap Chinese solar panels to the South Asian nation is undercutting demand for power from coal-fired plants that China helped finance and leading to a vicious cycle of stranded assets, according to a report by Renewables First, a think tank based in the Pakistani capital, Islamabad. 'China's solar panels are outcompeting China's power plants,' said Muhammad Basit Ghauri, lead author of the report. 'What we are seeing is an unintentional but profound strategic contradiction. And Pakistan is ground zero for this global experiment in energy disruption.' Pakistan had witnessed a rapid transition to 'distributed' solar power generation on people's rooftops over the past five years, with 39 gigawatts of solar panels imported over that time, mostly from China, the report said, adding that was roughly the equivalent of three-quarters of Pakistan's total installed power generation capacity. With a zero tax rate for solar power imports, Pakistan has emerged as the second-largest destination for Chinese solar panels, behind only Brazil. Advertisement According to data from the Pakistani government's Finance Division, thermal power generation accounted for 59.4 per cent of the country's installed capacity at the end of March last year, followed by hydroelectricity on 25.4 per cent, nuclear on 8.4 per cent and renewables on 6.8 per cent.
Khaleej Times
5 days ago
- Business
- Khaleej Times
'We sleep much better': Why Zayed Sustainability Prize winner lit up remote Africa
Spending the first five years of her life in the turmoil of Lebanon's civil war in the early 1980s, Angela Homsi remembers a world without electricity and basic luxuries. That memory shaped her mission to bring clean, sustainable energy to underserved communities, especially in Africa. Now, over four decades later, Homsi is leading Ignite Power, a renewable energy company she co-founded, from a new global headquarters in Abu Dhabi. 'We cannot be more excited by this latest development,' Homsi, winner of the 2024 Zayed Sustainability Prize in the Energy category, told Khaleej Times. 'There's no nation out there in the world more aligned with what we want to do and achieve with our impacts than the UAE.' Ignite Power provides solar-powered electricity and internet to some of Africa's most remote communities. The company currently operates in 15 countries and is aiming to reach 100 million people over the next five years. 'We're on a very high growth path, and the UAE is really at the centre of 2.5 to 3 billion people. It's a very strategic location for logistics, economic power, and influence.' Lighting up lives The impact of Ignite's work is far-reaching. In rural Rwanda, the arrival of solar home systems has transformed daily life for families. 'Now, with the lights, we sleep much better,' said Mukande Qwe, a mother of three in Gisagara. 'We used to sleep with the cows before because it wasn't safe to leave them outside due to the many thefts after dark. Now, thanks to the light, we keep them outside, and everybody has more room to sleep comfortably.' Beneficiaries across the country echoed similar stories of transformation. Nakabonye Daforosa, a 70-year-old resident of Rulindo, said: 'My granddaughter is able to do her homework after dark and is getting higher grades. The radio helps me stay updated… the solar torch allows me to walk outside after dark.' Odetta Musabyimana, 58, lives alone in Gisagara. 'I feel much safer with the lights on… I also save 100 francs a month since I don't have to buy petrol anymore. I have time to make mattresses, giving them to neighbours and friends who cannot afford to buy one.' Other households have seen a boost in agricultural output and income. 'Before we had light, we sold 20kg of beans and 30kg of maize, and now we are selling 40kg of beans and 60kg of maize,' said Tasiana Irikunze, a mother of two from Kabunjwiri village. 'When we didn't have light, we lost crops due to rotting. Now we have more time to process them.' Solar-powered irrigation has also made a difference. 'We used to sell 200kg, and now it is 500kg,' said Mukamparaye Jeanne from Kivomo. 'Before, we used a generator and petrol to fuel it, 5L per day… extremely expensive and not even half as beneficial.' For Nsabimana Deogen, a farmer and mother in Rulindo, the benefits are personal and financial. 'With proper light, I can cook clean food, and my family's health has gotten much better for it. The light has given my children time to study and do their homework, their grades are rising, and they have much higher motivation to succeed.' Homsi, now 44, was born in Lebanon in 1980 and moved to Cairo at age five. She later lived in Europe and pursued a career in investment, working with Goldman Sachs and Generation Investment Management, the sustainability fund chaired by former US Vice President Al Gore. 'I always wanted to make an impact on the wider continent,' she said. 'To do something that will change the direction of Africa and the Middle East.' Ignite began not as a company, but as a white paper. 'Most countries in Africa only had around 20 per cent of their population with access to electricity,' Homsi explained. 'Eighty percent were using kerosene lamps, damaging to health, education, and economic development.' The first project was launched in Rwanda after Homsi and her team presented a vision to the country's president. 'We supported writing a proper socio-economic feasibility study on how Rwanda could become the first fully connected country in Africa.' Growth through Abu Dhabi Since receiving the Zayed Sustainability Prize, Homsi said Ignite has grown eightfold. 'That's huge. Above and beyond our own expectation,' she said. The award helped raise visibility and credibility. 'We've always had our head on the ground, making sure every single dollar goes to the deepest possible impact." "The prize helped us tell our story.' One of the company's most promising initiatives is the solar-plus-internet deployment in schools. 'We deployed the first 30 schools right after the prize,' she said. 'That pilot is now shaping the way for the next 10,000 schools in multiple countries.' Homsi believes Abu Dhabi offers the infrastructure and values to support the firm's ambitious growth. 'We've already incorporated in the UAE, finalised office spaces, and started hiring. The office will host our senior management, R&D, business development, procurement, and public affairs roles — functions that cover multi-country operations.' She also plans to deepen ties with UAE universities. 'I dedicate a large amount of my time to education, advocacy, teaching… we need more youth to be inspired, to take over the flame, and carry on the mission.' For Homsi, impact and scale go hand in hand. 'You cannot scale the amount of people you will impact… if you cannot scale your business. It has to be a strong business that attracts top talent and achieves deep, lasting change,' she concluded.
