Day: February 14, 2023

The cloud-based asset performance management software is now operational for energy storage and all categories of renewables including solar, wind, and hydro

ARLINGTON, Va., Feb. 14, 2023 (GLOBE NEWSWIRE) — Fluence Energy, Inc. (“Fluence”) (NASDAQ: FLNC), a leading global provider of energy storage products and services, and cloud-based software for renewables and storage, today announced that Fluence Nispera has expanded to provide real-time performance monitoring, AI-enabled performance analysis, and optimization of energy storage assets, and is currently operational on five energy storage assets totaling 267 MW / 948 MWh globally. The cloud-based asset performance management (APM) software is now available for energy storage and all categories of renewables including solar, wind, and hydro.

According to a report by the International Energy Agency, the global deployment of renewables is expected to grow by 2,400 GW between 2022 and 2027. The energy storage solutions needed to flexibly and reliably integrate renewable energy into the power system are also estimated to grow significantly: BloombergNEF estimates an increase of 387 GW / 1,143 GWh of energy storage capacity between 2022 and 2030. This accelerated growth of clean energy generation and storage brings an increasing need for digital solutions such as Nispera to allow asset owners to scale their portfolios without scaling their resources. Nispera gives storage and renewables asset owners visibility into what, where, when, and why performance issues and trends are occurring and helps prioritize action to resolve it.

“For years, Nispera has been the leading global APM solution for renewables. By expanding into energy storage, Nispera is now further driving the APM software industry forward by offering asset owners and operators with access to the most comprehensive set of assets for renewables and storage available. This includes wind, solar, hydro, and energy storage from any technology provider, anywhere in the world,” said Fluence Global Head of Digital Asset Management Gianmarco Pizza.

Nispera integrates asset performance and financial data with intelligent machine learning models and visualization tools to help renewable asset owners uncover hidden performance issues and boost energy production. Nispera’s advanced optimization functionalities allow users to prioritize the highest impact performance and O&M interventions. For example, a PV Digital Twin uses geographically accurate maps and animated videos to compare actual and AI-modeled producible energy and show the exact location of and reasons for component issues.

“From the start, Nispera was built by renewables’ asset managers who know the challenges facing owners and operators looking to scale their renewables portfolio. Now, Fluence’s deep expertise in energy storage operations has been built into Nispera’s storage asset management capabilities,” said Fluence SVP & Chief Digital Officer Krishna Vanka. “We’re thrilled to bring this cutting-edge monitoring and analysis software to our Fluence energy storage customers and to owners and operators of diverse portfolios of energy storage and renewables globally.”

Nispera’s functionality for energy storage helps storage asset owners identify, prioritize, and act on asset performance issues to reduce downtime and maximize revenue. Already operational on energy storage assets across the world, the software automates asset- and component-level analyses of real-time and historical production, time-based availability, state of charge, state of health, energy exchanged, and more. Asset owners can drill deeper into performance trends over time and across assets using a drag-and-drop analysis builder of more than 20 key energy storage asset performance variables. Instead of manual and computationally intensive analysis, users can easily and quickly compare, for example, average state of charge over a week across multiple storage assets and identify a priority asset for performance intervention.

Nispera is currently operational on more than 8.5 GW of renewable and energy storage assets across 28 markets. Fluence is a leader in Software-as-a-Service products for managing renewable energy and storage assets, with Fluence IQ, an advanced digital platform which includes both Nispera and Fluence Mosaic, intelligent bidding software for renewables and energy storage.

About Fluence

Fluence Energy, Inc. (Nasdaq: FLNC) is a global market leader in energy storage products and services, and cloud-based software for renewables and storage. With a presence in over 40 markets globally, Fluence provides an ecosystem of offerings to drive the clean energy transition, including modular, scalable energy storage products, comprehensive service offerings, and the Fluence IQ Platform, which delivers AI-enabled SaaS products for managing and optimizing renewables and storage from any provider. The Company is transforming the way we power our world by helping customers create more resilient and sustainable electric grids.

For more information, visit our website, or follow us on LinkedIn or Twitter. To stay up to date on the latest industry insights, sign up for Fluence’s Full Potential Blog.

Forward-Looking Statements

The statements described herein that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding the anticipated operational performance of Nispera, including its expansion into energy storage and ability to optimize energy storage assets , Nispera’s impact on the APM industry as a whole, and anticipated growth of clean energy generation and need for digital solutions like Nispera. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, words such as “may,” “possible,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions. and variations thereof and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments, as well as a number of assumptions concerning future events, and their potential effects on our business. These forward-looking statements are not guarantees of performance, and there can be no assurance that future developments affecting our business will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, which include, but are not limited to, the adoption, deployment, and use of Nispera by customers s, unforeseen circumstances outside of Fluence’s control which may cause interruptions, delays or unanticipated performance of Nispera, and other factors set forth under Part I, Item 1A. “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended September 30, 2022, filed with the Securities and Exchange Commission (“SEC”) on December 14, 2022 and in other filings we make with the SEC from time to time. New risks and uncertainties emerge from time to time and it is not possible for us to predict all such risk factors, nor can we assess the effect of all such risk factors on our business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. You are cautioned not to place undue reliance on any forward-looking statements made in this press release. Each forward-looking statement speaks only as of the date of the particular statement, and we undertake no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that occur, or which we become aware of, after the date hereof, except as otherwise may be required by law.

Media Contact
Shayla Ebsen, Director of Communications
Email: media.na@fluenceenergy.com
Phone: +1 (605) 645-7486

Analyst Contact
Lexington May, Vice President of Investor Relations
Email: investorrelations@fluenceenergy.com
Phone: +1 (713) 909-5629

GlobeNewswire Distribution ID 8748197

Investment to Expand EV Fleet and EV Everywhere Business Units

OTTAWA, Ontario, Feb. 14, 2023 (GLOBE NEWSWIRE) — BluWave-ai announces that it has completed a $9.5M Series A financing round on Dec. 15, 2022. PowerON Energy Solutions, a subsidiary of Ontario Power Generation, has made a strategic investment and taken a minority stake along with existing and new private investors led by Capital Angels Network. BluWave-ai has also received a $1.73M grant through the Government of Canada investment through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario)1 which was previously announced in November 2022.

PowerON is a leading provider of turnkey electric vehicle charging solutions for fleets. PowerON is servicing the Toronto Transit Commission (TTC)’s Electric Vehicle fleet for the next 20 years. As a result of the PowerON investment, James Brewer (VP, New Growth & Business Development at OPG) has been added to the Board of Directors at BluWave-ai.

The resources from this round will be deployed to build on the company’s Grid Optimization solution with the EV Fleet Orchestrator product line for EV Fleet operators, and the EV Everywhere product line for utilities dealing with the onslaught of personal EVs and electricity grid congestion and upgrade challenges. BluWave-ai has already secured lead customers for its EV Fleet orchestrator product with Dubai Taxi, other fleet operators, and PowerON. The EV Everywhere solution’s lead customers are Hydro Ottawa and IESO.

“BluWave-ai started its journey in 2017 and was built from the ground up to apply supercomputing and AI to the decarbonization of electricity on the plant. Over the last 5 years, we have won many international awards, completed 16 USPTO filings and deployed our products on three continents with recurring revenues,” said Devashish Paul, CEO and founder of BluWave-ai. “We built our grid optimization platform to deal with solar, wind, grid connections, weather, real-time market pricing, grid carbon content and utility-scale battery storage, but now EVs represent the biggest type of variable storage on the grid side, while representing an asset to absorb fluctuating renewables while decarbonizing road miles. Our Series A round is to grow the EV side of our business as it hits prime time during this next growth phase of the company.”

“PowerON has been established by OPG to deliver behind-the-meter electrified solutions for fleet operators across North America,” said Keegan Tully, Managing Director at PowerON Energy Solutions. “We chose to partner with a Canada-based world leader like BluWave-ai that is poised to transform the industry with AI and real-time automation.”

“The addition of a large penetration of EVs in the Ontario grid is a challenge,” said Thomas Triplet, BluWave-ai Senior Director of Engineering. “The IESO has collaborated with BluWave-ai on its EV Everywhere program. As part of the IESO project, working with Hydro Ottawa, and using this Series A financing, we’ve already launched our BluWave-ai EV Flight Test Center.”

“We are pleased to see the steady growth and progress of Ottawa-based cleantech leader, BluWave-ai,” said Michael Tremblay, President & CEO, Invest Ottawa. “They are paving the way for regions around the world to increase their use of renewable energy sources. We are particularly excited about their work in optimizing EV fleet deployment and smart/micro-grid operations, including a pilot project that they have underway with Hydro Ottawa at Area X.O. One more reason why the world needs Ottawa.”

“The future of Canada’s transportation industry is green. That is why FedDev Ontario has invested over $1.7 million in BluWave-ai as it creates the tools needed by our businesses to adapt to a new energy-efficient future,” said the Honourable Filomena Tassi, Minister responsible for the Federal Economic Development Agency for Southern Ontario. “Investments like these will help our entrepreneurs contribute to Canada’s end-to-end electric vehicle supply chain to ensure a seamless transition to electric vehicles.”

The use of proceeds from this round is for commercial scale-out, new customer acquisition, growing staff to 60, and expansion in existing markets for grid optimization as well as the EV market. As a result of the financing, the company has in excess of 30 months of runway with cash on hand and contracts to date; this enables product growth to service key customers in the market.

All shares issued in the round and to date are common class A shares. BluWave-ai has commenced the fundraising process for its Series B round for interested Climate Investors or strategic corporate partners for scale-out to build the world’s premier renewable energy and electric transport AI company.

The BluWave-ai EV Fleet Orchestrator is partially funded by support from FedDev Ontario. For details, click here. To purchase BluWave-ai’s EV Fleet Orchestrator and EV Everywhere products, please contact info@bluwave-ai.com.

Notes:

1. The grant from Federal Economic Development Agency for Southern Ontario previously announced in November 2022 is a repayable interest-free loan.

About BluWave-ai

BluWave-ai is focused on driving the proliferation of renewable energy and electric transportation worldwide. Our solutions apply artificial intelligence (AI) cloud software to optimize the cost, carbon footprint, and reliability of different energy sources, both renewable and non-renewable, in real time. This lets our customers – utilities, fleet operators and electricity system operators – improve their energy-related decision-making in planning and in live systems to decrease costs and carbon footprint. Every day, our employees come to BluWave-ai with the mission to decarbonize the planet by using hardware assets more efficiently with AI software while we build the world’s premier renewable energy and transport electrification AI company based in Canada.

Click here to learn more about BluWave-ai EV Fleet Orchestrator.

About PowerON Energy Solutions

PowerON Energy Solutions is the catalyst for organizations to electrify and create a better climate future. We provide turnkey planning, design, installation, operation and energy management for fleets to reduce cost and emissions. We understand that electrification is about more than just chargers and our technical expertise, experience and mastery of electrical systems allow us to deliver maximum ROI for our partners. PowerON is a subsidiary of Ontario Power Generation, one of the largest power generators in North America with more than 100 years of history building and operating complex electrical infrastructure.

About FedDev Ontario

For 13 years, the Government of Canada, through FedDev Ontario, has worked to advance and diversify the southern Ontario economy through funding opportunities and business services that support innovation, growth and job creation in Canada’s most populous region. The Agency has delivered impressive results, which can be seen in southern Ontario businesses that are creating innovative technologies, improving productivity, growing revenues, creating jobs, and in the economic advancement of communities across the region. Learn more about the impacts the Agency is having in southern Ontario by exploring our pivotal projects, our Southern Ontario Spotlight, and FedDev Ontario’s website.

Contact Information:
Brandon Paul
Senior Corporate Marketing Manager
brandon.paul@bluwave-ai.com

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GlobeNewswire Distribution ID 8748406

A broad international consortium has been established to develop the first handbook for Environmental, Social and Governance (ESG) disclosure in relation to marine minerals. The purpose of the guidance document is to enable evidence-based assessments of the ESG performance of marine mineral projects in the context of global standards

NEW YORK, Feb. 14, 2023 (GLOBE NEWSWIRE) — The IEA estimates a quadrupling of the amount of critical minerals required for the energy transition to meet the sustainable development scenario by 2040. The greater our climate ambition – the greater the demand for minerals will be. The renewable energy system is far more mineral intensive than the current system powered by fossil fuels. While recycling will play an important role, increased recycling rates will be insufficient to meet the increasing demand for minerals necessary for the energy transition for at least the next couple of decades.

Marine minerals are emerging as a potential source of minerals to help meet the growing demand. As with any extractive industries, consideration of ESG issues is key to ensuring transparent and responsible supply chains. While some ESG challenges and opportunities are shared across different sources of minerals, others are unique to marine minerals.

The ESG handbook will be a guidance document to addresses material topics related to marine mineral projects in the deep-sea environment using a standardized approach.

The need for creating a tailored ESG handbook for marine mineral mining is to specifically address the unique material topics of this new industry and provide guidance for companies to disclose ESG performance of their operations in a consistent manner. The handbook will build upon existing broad ESG reporting standards such as GRI and CDP, and industry specific standards such as IRMA (The Initiative for Responsible Mining Assurance) and Towards Sustainable Mining. The handbook seeks to become a useful disclosure guidance tool for companies, and to enable internal and external stakeholders to access this data in a format that is consistent across the ESG disclosure world. The handbook will not drive any legal framework and is not intended to be used as a compliance tool.

The development of this handbook is also intended to promote ESG thinking and improvements before any commercial activity begins.

The handbook will be based on a collective input from all the collaborating institutions. Furthermore, the project will invite other stakeholders to open hearings and meetings to enable a wider input to the work. The project is open to enter for other collaborating institutions and sponsors.

The project was initiated by GCE Ocean Technology (Norway) and Fórum Oceano (Portugal) in 2021, both being members of the BlueTech Cluster Alliance. DNV performed a scoping of the work from Q4-21 to Q2-22, that was funded by GCE Ocean Technology. The aim is to finalise the project by the end of 2023.

Collaborating institutions

The projects reference group consists of the following companies and organisation:

• Adepth Minerals
• Advisory Committee on Protection of the Sea (ACOPS)
• Aker BP
• AU Commission and the African Minerals Development Centre (AMDC)
• DeepSea Mining Alliance (DSMA)
• DNV
• Equinor
• Fearnley Securities
• Fórum Oceano
• GCE Ocean Technology
• Global Sea Mineral Resources (GSR, part of the DEME group)
• Guangzhou Geological Survey (GMGS) / China Geological Survey (CGS)
• INESC TEC
• International Marine Minerals Society (IMMS)
• Japan Oil, Gas and Metals National Corporation (JOGMEC)
• Loke Marine Minerals
• MiningImpact project
• Norwegian Forum for Marine Minerals (NMM)
• NOV
• Natural History Museum, UK
• Odyssey Marine Exploration
• Pôle Mer Bretagne Atlantique
• The Metals Company (TMC)
• The Nickel Institute
• The Pacific Community (SPC)
• UK Seabed Resources
• Organization for Economic Co-operation and Development (OECD) (Observer status)
• International Seabed Authority (ISA) (Observer status)

The main project is sponsored by: The Metals Company, UK Seabed Resources, Aker BP, Global Sea Mineral Resources (GSR), Norwegian forum for Marine Minerals (NMM) and Equinor.

GCE Ocean Technology is the project owner, while the handbook will be prepared by DNV.

GCE Ocean Technology is a Norwegian cluster supported and co-funded by Innovation Norway, The Research Council of Norway and Siva. The cluster comprises 140 partners and members from industry, universities, R&D institutions and public entities. Its objective is to strengthen innovation to accelerate the energy transition.

DNV is an independent assurance and risk management company, with about 12 000 employees in more than 100 different countries. The purpose is to safeguard life, property and the environment. DNV empowers their customers and stakeholders with facts and reliable insights so that critical decisions can be made with confidence.

For more information, please contact:

Jon Hellevang
Mobile +47 988 488 28
E-mail: jon.hellevang@gceocean.no

Tor Jensen
Mobile: + 47 415 42 421
E-mail: tor.jensen@dnv.com

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GlobeNewswire Distribution ID 8748821

A new technology developed by BioMed X in collaboration with Janssen functionally identifies and validates T cell target antigens, making it a powerful tool for immunology discovery.

HEIDELBERG, Germany, Feb. 14, 2023 (GLOBE NEWSWIRE) — BioMed X announced today the launch of its new immunology discovery platform that will allow for the accurate and fast identification of target antigens of human T cell receptors (TCRs). The research team led by John Lindner, who has developed the new technology, is based at the BioMed X Institute in Heidelberg, Germany. The platform is expected to be deployed via a collaborative model with pharmaceutical and biotechnology companies worldwide for preclinical research, vaccine development, and the development of new therapeutic concepts for treating autoimmune diseases and cancer.

The underlying technology emerged from a collaboration between BioMed X and Janssen Research & Development, LLC (Janssen). An international team of outstanding early-career researchers was recruited through the unique BioMed X crowdsourcing model. During a five-year research project at the BioMed X Institute in Heidelberg, the team developed a new platform technology for “Rapid Identification of Auto-Antigens in Autoimmune Diseases.” The project resulted in a patent application and several manuscripts soon to be published.

“In contrast to many of our competitors in the T cell space, our new platform is based on physiological molecular interactions between T cells and antigen-presenting cells. At the same time, we believe it will have wide applicability as a highly accurate, robust, and cost-efficient drug discovery and development tool,” explains Christian Tidona, Founder and Managing Director of the BioMed X Institute. “With this new technology, I believe that we can make a major contribution to developing new therapeutic concepts for the treatment of life-threatening diseases such as cancer and autoimmune diseases,” adds Tidona.

The BioMed X Institute has now established a new independent immunology discovery unit offering services and partnering opportunities in the fields of TCR discovery and characterization, identification and mapping of TCR target epitopes, evaluation and safety profiling of TCR and chimeric antigen receptor (CAR) T cell therapies, as well as discovery and validation of engineered TCR therapeutic assets. Interested parties are invited to directly contact BioMed X to discuss a potential partnership.

About BioMed X

BioMed X is an independent research institute located on the campus of the University of Heidelberg in Germany, with a worldwide network of partner locations. Together with our partners, we identify big biomedical research challenges and provide creative solutions by combining global crowdsourcing with local incubation of the world’s brightest early-career research talents. Each of the highly diverse research teams at BioMed X has access to state-of-the-art research infrastructure and is continuously guided by experienced mentors from academia and industry. At BioMed X, we combine the best of two worlds – academia and industry – and enable breakthrough innovation by making biomedical research more efficient, more agile, and more fun.

Contact Information:
Flavia-Bianca Cristian
Recruiting & Communications Manager BioMed X
fbc@bio.mx
00491727540707

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T-cell receptors (red) bind specifically to peptide-HLA complexes (blue/gray) on the surface of antigen-presenting cells, resulting in T-cell activation.

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GlobeNewswire Distribution ID 8747763