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NRDC Equity Partners and BB Kapital SA acquire Galeria Karstadt Kaufhof GmbH out of insolvency

Retrieved on:

Wednesday, April 10, 2024

NRDC Equity Partners, a New York-based investment firm, alongside investment firm BB Kapital SA, Bernd Beetz’s family office, have undertaken the acquisition of Galeria Karstadt Kaufhof GmbH (Galeria).

Key Points:

NRDC Equity Partners, a New York-based investment firm, alongside investment firm BB Kapital SA, Bernd Beetz’s family office, have undertaken the acquisition of Galeria Karstadt Kaufhof GmbH (Galeria).
The consortium of NRDC Equity Partners and BB Kapital SA is pursuing the takeover and financing of Galeria as part of an insolvency plan.
Insolvency administrator Stefan Denkhaus says, “We have been negotiating intensively with two potential investors, and, together with the creditors' committee, we have selected two investment firms, BB Kapital SA and NRDC Equity Partners.
“Three months ago, we set in motion a plan to secure the future of Galeria Karstadt Kaufhof by filing for insolvency proceedings,” said Olivier van den Bossche, CEO of Galeria Karstadt Kaufhof GmbH.

Study: EV Efficiency Improvements Can Reduce Future Electric Infrastructure and Consumer Costs

Retrieved on:

Wednesday, April 10, 2024

EPRI, Natural Resources Defense Council, PALO, Energy, Natural Resources, Electricity, RMI, Criminal defense lawyer, Transport, Safety, NRDC, Renewable energy

PALO ALTO, Calif., April 10, 2024 /PRNewswire/ -- In a joint study issued today, EPRI and NRDC (Natural Resources Defense Council) found that electric vehicle (EV) efficiency improvements have the potential to significantly reduce future electric infrastructure buildout, energy usage, and consumer costs over the next three decades as the U.S. works toward meeting net-zero targets by 2050.

Key Points:

PALO ALTO, Calif., April 10, 2024 /PRNewswire/ -- In a joint study issued today, EPRI and NRDC (Natural Resources Defense Council) found that electric vehicle (EV) efficiency improvements have the potential to significantly reduce future electric infrastructure buildout, energy usage, and consumer costs over the next three decades as the U.S. works toward meeting net-zero targets by 2050.
Key vehicle energy efficiency measures evaluated include reduced weight without sacrificing size or safety, reduced aerodynamic drag, improved battery and powertrain efficiency, and higher battery energy density.
According to the study, efficiency gains create opportunities for lower vehicle ownership costs and better performance.
To read the full paper, visit: Valuing Improvements in Electric Vehicle Efficiency (epri.com)

Edelson PC Welcomes Environmental Partner Aaron Colangelo

Retrieved on:

Wednesday, January 3, 2024

Edelson PC , a national plaintiffs’ class, mass, and governmental action firm, proudly announces the expansion of its team with the addition of a seasoned environmental partner Aaron Colangelo.

Key Points:

Edelson PC , a national plaintiffs’ class, mass, and governmental action firm, proudly announces the expansion of its team with the addition of a seasoned environmental partner Aaron Colangelo.
Colangelo, joining as a partner in the firm’s District of Columbia office, brings two decades of experience from the Natural Resources Defense Council (NRDC), where he most recently served as Chief Litigation Counsel.
As importantly, Aaron is a great person who has shown his commitment to mentoring our younger people, something that has been a foundational value of the firm.”
“I’m thrilled to be joining the impressive team at Edelson,” said Colangelo.
I look forward to helping represent the firm’s clients in important environmental and public health matters.”

Purebase hosts partners in philanthropy and climate to decarbonize heavy industry

Retrieved on:

Monday, October 23, 2023

Carbon, NRDC, University of Washington, ClimateWorks Foundation, AJW, Sierra Club, EDF, NBI, Mineral, SCM, University, GHG, Primary energy, LC3, Renewable energy, Cement

The site visit showcased Purebase’s operations and its plans to address global greenhouse gas (GHG) emissions through its new supplementary cementitious material (SCM) products.

Key Points:

The site visit showcased Purebase’s operations and its plans to address global greenhouse gas (GHG) emissions through its new supplementary cementitious material (SCM) products.
Purebase is in the process of calcining clay for LC3 , a low-carbon alternative material to cement that could transform heavy industry.
Attendees viewed ongoing operations and several of the significant clay deposits, then had a discussion with onsite geologists and engineers about the new climate friendly SCM technology.
Low-emission cement materials will be a key strategy to help California meet its net zero cement goal by 2045 as required by SB596.”

California Cement Industry Marks Near-Term Progress on Carbon Neutrality Goals

Retrieved on:

Thursday, July 27, 2023

Natural Resources Defense Council, California Air Resources Board, Criminal defense lawyer, PLC, Senate, California Department of Transportation, Investment, Carbon footprint, CARB, Public policy, GHG, Carbon, NGO, Legislation, Natural Resources, NRDC, CNCA, CCUS, Renewable energy

ANAHEIM HILLS, Calif., July 27, 2023 /PRNewswire/ -- The California Nevada Cement Association (CNCA) released an update to its carbon neutrality plan. The timebound, action-oriented plan outlines goals and pathways to lower emissions throughout California cement manufacturing. CNCA and its members have made remarkable progress in furthering near-term emissions reduction objectives and this second edition reflects recent developments.

Key Points:

ANAHEIM HILLS, Calif., July 27, 2023 /PRNewswire/ -- The California Nevada Cement Association (CNCA) released an update to its carbon neutrality plan .
The California cement industry has committed to reach net carbon neutrality by 2045.
The California cement industry recognizes that progress not only requires constructive engagement among all public policy stakeholders, but also partnerships across the entire cement-concrete-construction value chain.
The California cement industry remains encouraged by the constructive, solutions-oriented conversations that it has engaged in with stakeholders.

WRA Report: Xcel Energy Can Meet 2030 Gas System Decarbonization Goals with Accelerated Adoption of Electric Appliances, Energy Efficiency Measures

Retrieved on:

Wednesday, July 19, 2023

“We recommend that Xcel invest now in efficient electric appliances in buildings.

Key Points:

“We recommend that Xcel invest now in efficient electric appliances in buildings.
By this measure, Xcel Energy, Colorado’s largest electricity and gas provider, must reduce emissions from its gas system by 28% from current levels in the next seven years.
Xcel must file a Clean Heat Plan by Aug. 1, 2023, that details the steps it will take to meet these emissions reduction goals.
This report’s key findings and recommendations include:
Prioritizing replacing air conditioners, gas furnaces and boilers, and gas water heaters with efficient electric appliances.

Renewable Energy Projects Trapped in PJM's Interconnection Queue Would Create Thousands of New Jobs, Billions in Capital Investment

Retrieved on:

Wednesday, June 28, 2023

WASHINGTON, June 28, 2023 /PRNewswire-PRWeb/ -- The low-cost, clean power that American businesses and homeowners are demanding is ready for deployment, but thousands of renewable energy projects are stuck in grid interconnection queues across the country, facing long delays and rising costs. Nearly all the active projects currently seeking grid connection across America are wind, solar, and battery storage projects that, if developed, could help meet decarbonization targets, create new jobs, and drive significant capital investment.

Key Points:

Nearly all the active projects currently seeking grid connection across America are wind, solar, and battery storage projects that, if developed, could help meet decarbonization targets, create new jobs, and drive significant capital investment.
In a first-of-its-kind analysis being released today, the American Council on Renewable Energy (ACORE) quantified the potential economic benefits of the onshore renewable energy projects awaiting grid connection in PJM, the largest electricity market in the United States.
ACORE's new analysis focuses on the 2,003 renewable energy projects in this transition cycle for PJM and includes a state-by-state breakdown of the potential job creation and capital investment these projects can deliver.
"Unlocking the interconnection queue is key for states to realize well-paid, green jobs and economic opportunities under the Inflation Reduction Act."

The Arbour Way Foundation Commemorates Launch with Significant Gifts to the University of Pennsylvania’s Venture Lab and Memorial Sloan Kettering Cancer Center

Retrieved on:

Friday, June 9, 2023

The Arbour Way Foundation (“AWF”) today announced two significant gifts to mark the launch of the foundation by Robin and Marc Wolpow.

Key Points:

The Arbour Way Foundation (“AWF”) today announced two significant gifts to mark the launch of the foundation by Robin and Marc Wolpow.
AWF made a $10 million commitment to the University of Pennsylvania’s Venture Lab, which will establish a dedicated healthcare entrepreneurship vertical for students.
AWF, separately, made a $1 million gift to Memorial Sloan Kettering Cancer Center’s (MSK) Office of Health Equity.
“After 20-plus years of charitable giving, we created the Arbour Way Foundation to take a more hands-on approach to philanthropy,” noted Robin Wolpow.

The Supply Crisis for Rare Earth Elements Intensifies

Retrieved on:

Wednesday, June 7, 2023

NEW YORK, June 7, 2023 /PRNewswire/ -- The transition from fossil fuels to electrification has created a huge increase in demand for rare earth oxides and demand is expected to get much larger. Rare earth oxides are irreplaceable elements integral to permanent magnets, critical components in electric vehicles and sustainable power generation equipment, especially windmills. About 90% of all permanent magnets are currently produced in China, which is now considering banning or restricting exports of technology to process and refine rare-earth elements. Beijing is also pondering provisions prohibiting or limiting exports of alloy technology used in making high performance magnets made from rare earths minerals. As the transition to a cleaner world grows, China is restricting exports of permanent magnets and related tech in favor of feeding domestic demand, thus strangling the global transition. Governments in North America and across the world have voiced extreme urgency in reshaping supply chains to reduce dependence upon China and achieve clean energy mandates. Only a few companies can be called leaders in a nascent yet potentially explosive market. Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) (Profile) stands out with its transformative technology, RapidSX(TM), for separating and purifying critical metals. Also in the hunt for market share in this burgeoning new market is MP Materials Corp. (NYSE: MP), Neo Performance Materials Inc. (TSX: NEO), Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) and Li-Cycle Holdings Corp. (NYSE: LICY), all of which have established footholds and expanding operations in a concerted effort to shift away from reliance upon China and achieve energy independence.

Key Points:

Rare earth oxides are irreplaceable elements integral to permanent magnets, critical components in electric vehicles and sustainable power generation equipment, especially windmills.
Against this backdrop, China's domestic market is experiencing a remarkable boom in the rare earth oxide (also often called rare earth elements, or REE) sector.
For more than 15 years, Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) has been an important part of the rare earth market, developing technology to disrupt the status quo of rare earth elements.
The company is now in a position to help solve the impending supply crisis by assisting with the creation of an independent supply chain of rare earth oxides for North American manufacturers.

The Supply Crisis for Rare Earth Elements Intensifies

Retrieved on:

Wednesday, June 7, 2023

NEW YORK, June 7, 2023 /PRNewswire/ -- The transition from fossil fuels to electrification has created a huge increase in demand for rare earth oxides and demand is expected to get much larger. Rare earth oxides are irreplaceable elements integral to permanent magnets, critical components in electric vehicles and sustainable power generation equipment, especially windmills. About 90% of all permanent magnets are currently produced in China, which is now considering banning or restricting exports of technology to process and refine rare-earth elements. Beijing is also pondering provisions prohibiting or limiting exports of alloy technology used in making high performance magnets made from rare earths minerals. As the transition to a cleaner world grows, China is restricting exports of permanent magnets and related tech in favor of feeding domestic demand, thus strangling the global transition. Governments in North America and across the world have voiced extreme urgency in reshaping supply chains to reduce dependence upon China and achieve clean energy mandates. Only a few companies can be called leaders in a nascent yet potentially explosive market. Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) (Profile) stands out with its transformative technology, RapidSX(TM), for separating and purifying critical metals. Also in the hunt for market share in this burgeoning new market is MP Materials Corp. (NYSE: MP), Neo Performance Materials Inc. (TSX: NEO), Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) and Li-Cycle Holdings Corp. (NYSE: LICY), all of which have established footholds and expanding operations in a concerted effort to shift away from reliance upon China and achieve energy independence.

Key Points:

Rare earth oxides are irreplaceable elements integral to permanent magnets, critical components in electric vehicles and sustainable power generation equipment, especially windmills.
Against this backdrop, China's domestic market is experiencing a remarkable boom in the rare earth oxide (also often called rare earth elements, or REE) sector.
For more than 15 years, Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) has been an important part of the rare earth market, developing technology to disrupt the status quo of rare earth elements.
The company is now in a position to help solve the impending supply crisis by assisting with the creation of an independent supply chain of rare earth oxides for North American manufacturers.