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DRIVEN BY SUSTAINABILITY: DONNELLY ENERGY HELPS SAWYER LYONS COMPLETE ITS ENERGY EFFICIENCY TRANSFORMATION

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WAYNE, N.J., Sept. 5, 2023 /PRNewswire/ — Donnelly Energy and Sawyer Lyons Buick GMC are proud to announce the completion of their comprehensive energy efficiency partnership with the kick-off of the Randolph dealership’s solar array. Now live, the rooftop solar energy system marks the end of a year-long comprehensive sustainability project at the Randolph dealership that included energy-efficiency upgrades to their lighting and HVAC systems through Direct Install from SAVEGREEN® by New Jersey Natural Gas (NJNG). Direct Install provides a turnkey and affordable solution for NJNG customers to reduce energy costs by replacing outdated equipment and systems with energy-efficient alternatives.

 

Sawyer Lyons had sustainability in their mind, having already invested in energy-efficient LED lighting in a few key areas on their own. Through their membership with NJCAR, partners at Sawyer Lyons learned about Donnelly Energy and consulted with the Wayne-based energy efficiency firm on ways they could further improve their facility in their efforts to become environmental stewards.

Donnelly Energy conducted a free, non-invasive assessment of the dealership, determining additional areas of improvement regarding their lighting, and found they also had outdated natural gas-powered boilers that were over 25 years old. They also surveyed Sawyer Lyons’s rooftop to scope out a custom solar energy system to further elevate their energy efficiency.

“It is always a pleasure to work with a client who is motivated and ready to invest in solar energy, while also taking into account the need for energy efficiency,” said Justin Avallone, VP of Utility Programs at Donnelly Energy. “Sawyer Lyons was ready to take advantage of local energy efficiency programs and is a big advocate for clean energy in commercial uses. Collaborations like these are what make our work so fulfilling.”

The first phase of the energy-efficiency transformation focused on replacing one 1.7 million BTU boiler with two new units at 97% efficiency, as well as upgrading lighting to LED for some missing areas. As a participating contractor in Direct Install, Donnelly Energy helped Sawyer Lyons navigate the program and receive a 0%* APR on-bill repayment option through SAVEGREEN to help make the energy-efficiency upgrades affordable.

Once the lighting and HVAC portion of the project was complete, Donnelly Energy got to work on the second phase of Sawyer Lyons’s clean energy investment: solar. The firm designed a custom 163 KW solar energy system that would fit on the dealership’s rooftop, consisting of 937 panels. The project would also be eligible to receive federal tax credits, depreciation credits, and Solar Renewable Energy Certificates (SRECS)**.

Now that the solar energy system is live, it is expected to reduce Sawyer Lyons’s electricity by 88%.

Sawyer Lyons Buick GMC of Randolph has a proven track record in areas such as energy reduction, renewable energy use, water conservation efforts, recycling, onsite nature habitats, and community outreach. The progressive car dealership is showing customers its environmental credentials and was named a 2022 certified Green Dealer, an honor given to only 280 GM dealerships nationwide. 

“Our dealership’s sustainability performance is important to customers, employees, and the community, as well as operational efficiency,” said Todd Sawyer, Partner at Sawyer Lyons. “When doing large energy efficiency upgrade projects, it is extremely important to work with a company that is an established expert. I analyzed every number down to the penny and every project we undertook with Donnelly made sense financially.  Coming from the construction industry prior to owning car dealerships, I can tell you that Donnelly Energy is as good as it gets.  From the original analysis to contracts, to project management, to completion, the team at Donnelly was on top of their game throughout the entire process.”

New Jersey’s clean energy future is well on its way, with businesses like Sawyer Lyons Buick GMC leading the way to implement and advocate sustainability in commercial spaces. Donnelly Energy is proud to be a partner in the effort to help the Garden State lower its energy usage and carbon emissions, as well as invest in renewables.

To start your journey into commercial energy efficiency and sustainability, contact Donnelly Energy directly at 973-323-8008 or visit www.donnellyenergy.com. To learn more about NJNG’s Direct Install program or to participate, visit https://savegreenproject.com.

*Terms and conditions apply. Visit savegreenproject.com for terms, and conditions and eligibility requirements.

**The tax credit information contained herein is provided for informational purposes only and is not intended to substitute for expert advice from a professional tax/financial planner or the Internal Revenue Service (IRS). For tax advice, please contact your tax advisor or the IRS at www.IRS.gov.

ABOUT DONNELLY ENERGY:

Donnelly Energy is a premier energy efficiency firm dedicated to helping New Jersey businesses and local government entities “go green” and save green. With exceptional Direct Install turn-key services and utility resources, Donnelly’s mission is to offer the best and most cost-efficient upgrades that help commercial facilities in the Garden State reduce their carbon footprint and overall energy costs.

ABOUT NJNG:

New Jersey Resources (NYSE: NJR) is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. NJR is composed of five primary businesses:

New Jersey Natural Gas, NJR’s principal subsidiary, operates and maintains over 7,700 miles of natural gas transportation and distribution infrastructure to serve over 570,000 customers in New Jersey’s Monmouth, Ocean and parts of Morris, Middlesex, Sussex and Burlington counties.Clean Energy Ventures invests in, owns and operates solar projects with a total capacity of approximately 440 megawatts, providing residential and commercial customers with low-carbon solutions.Energy Services manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions to its customers across North America.Storage and Transportation serves customers from local distributors and producers to electric generators and wholesale marketers through its ownership of Leaf River and the Adelphia Gateway Pipeline, as well as our 50% equity ownership in the Steckman Ridge natural gas storage facility.Home Services provides service contracts as well as heating, central air conditioning, water heaters, standby generators, solar and other indoor and outdoor comfort products to residential homes throughout New Jersey.

NJR and its over 1,300 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve® and initiatives such as The SAVEGREEN Project® and The Sunlight Advantage®.

ABOUT SAWYER LYONS BUICK GMC:

People do business with people they like and people they trust. That is the core value on which Sawyer Lyons Buick GMC of Randolph was founded.  On June 28, 2018, Todd Sawyer and Sean Lyons partnered with Jim Salerno to take Jim’s core value of fair, honest, and respectful dealings with each and every customer to the next level.  By modernizing processes and streamlining operations, we will continue to improve customer service, while also providing the best pricing in the market.  We are confident we can deliver on this promise. Our goal is to WOW every single customer who walks in the door, calls us on the phone, emails us, contacts us through the website, or reaches out to us on social media.  At Sawyer Lyons Buick GMC of Randolph, it’s our goal to provide service so exceptional that we are the first choice when someone wants to buy a Buick, GMC, or preowned vehicle of any kind.  Our fairness, attention to detail, and clear communication will keep customers coming back to us AND referring us to others.  We don’t strive for good – We are always doing everything in our power to be GREAT.

Contact:
Diana Meneses
973-323-8008
dmeneses@donnellyenergy.com

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SOURCE Donnelly Energy

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CHAI, the Social AI Platform, on Track to Hit $1.4B Valuation in 2026

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CHAI, a fast-rising AI startup in Palo Alto, is rapidly emerging as the next unicorn with explosive revenue growth of 250%, surpassing industry leaders like Databricks (127%), SpaceX (139%), and Anthropic (220%). With a last valuation of $450 million more than a year ago, CHAI is on track to achieve a $1.4 billion valuation by 2026, driven by projected 30X revenue multiples—a benchmark set by top-tier Silicon Valley disruptors.

PALO ALTO, Calif., May 17, 2025 /PRNewswire/ — CHAI, a fast-rising AI startup in Palo Alto, is rapidly emerging as the next unicorn with explosive revenue growth of 250%, surpassing industry leaders like Databricks (127%), SpaceX (139%), and Anthropic (220%). With a last valuation of $450 million more than a year ago, CHAI is on track to achieve a $1.4 billion valuation by 2026, driven by projected 30X revenue multiples—a benchmark set by top-tier Silicon Valley disruptors.

With a valuation of $450 million 16 months ago, CHAI is experiencing explosive revenue growth of 250%, surpassing high-profile companies including Anthropic (220%), Midjourney (167%), SpaceX (139%), and Databricks (127%). With 2024 revenue of $18 million and projections to reach or even surpass $45 million by the end of 2025, CHAI’s trajectory places it among the elite tier of tech innovators.

Industry analysts tracking CHAI’s meteoric rise predict revenue multiples of 30X to 32X by 2026, potentially driving the company’s valuation to approximately $1.4 billion. This remarkable growth rate exceeds some of today’s most valuable startups, including Anthropic and SpaceX.

While CHAI doesn’t have plan to start it’s next fund raising round, investors and industry observers are taking note of its extraordinary performance metrics, positioning the company as the next breakthrough success in Silicon Valley’s competitive landscape.

Was CHAI the first AI Platform? CHAI was the first consumer AI product to reach 1 million users, leveraging the open-sourced LLM GPT-J, before ChatGPT or Llama.

What is CHAI? CHAI is a social AI platform where users can create their own AI. Since its launch three years ago, CHAI has experienced significant growth, particularly among Gen Z users. Now, to support further growth and wider adoption, CHAI has redesigned its brand.

Can you use CHAI AI in a browser? As of March 2025, no. CHAI is focused on delivering the most engaging social AI experience by hiring talented engineers to refine its app. While there are currently no plans for a web app, this may change in the future.

Is CHAI AI safe? CHAI has implemented a range of safety features that allow users to engage in dynamic chats while encouraging them to stay within established guidelines. By building better AI, CHAI aims to enhance user value and experience.

What makes CHAI special? CHAI is designed to be the most engaging social AI, delivering highly entertaining conversations. Many users rely on it to craft interactive stories and immersive experiences.

Why do people love CHAI? CHAI employs advanced AI techniques to increase the entertainment value of its bots. Users chat with AI to write interactive novels and have engaging conversations, supported by a variety of genres that appeal to avid novel readers.

Sometimes regarded as the best free AI chatbot, CHAI is paving its way to widespread adoption of conversational social AI for entertainment.

Who is the founder? William Beauchamp is a 2x founder, first started building CHAI with his sister in Cambridge UK in 2020. After building the first AI chat platform they relocated to Palo Alto.

Are they hiring? CHAI is a rapidly growing company that is known for paying very high salaries with an intense culture focused on delivering results and iterating quickly. Apply on CHAI’s website.

Press Contact:

Tom Lu
+1 (626) 594-8966
https://www.chai-research.com/

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SOURCE Chai Research Corp

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GMI Cloud Scales Up With New HQ in Mountain View, CA

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GMI Cloud deepens existing Silicon Valley roots, prioritizing collaboration with leading AI innovators 

MOUNTAIN VIEW, Calif., May 16, 2025 /PRNewswire/ — GMI Cloud, a fast-rising provider of GPU-as-a-Service infrastructure purpose-built for AI, today is proud to announce it has moved its headquarters from San Jose, CA to Mountain View, CA to provide more open space for its growing team and the local growing AI native startup community. From hackathons, meetups, technology industry events and more, the closer proximity to top universities and colleges will help GMI Cloud continue to foster the rapid growth of AI throughout Silicon Valley and on a global level.

The new office comes amid strong momentum for GMI Cloud. Since its funding announcement last year, the company has grown exponentially in customers and partnerships, increasing AI development all over the world. However, GMI Cloud has been a global company since day one, with data centers in Taiwan, Malaysia, Mexico, and the U.S. Its global data center network makes it uniquely able to provide flexible, cost-effective computing solutions without the disruption of geopolitical changes. Customers can scale their AI capabilities without unexpected cost surprises. This new office signifies its commitment to AI innovators in Silicon Valley and beyond.

“Bringing GMI Cloud to Mountain View allows for employees to enjoy what the local community has to offer while keeping us in the epicenter of Silicon Valley,” said Alex Yeh, CEO of GMI Cloud. “We are accelerating quickly and we find it incredibly valuable to have the right home base to host our partners, customers, and employees.”

For more information about GMI Cloud and hiring opportunities, visit www.gmicloud.ai.

About GMI Cloud
GMI Cloud is a global company that delivers full-stack, U.S.-based GPU infrastructure and enterprise-grade inference services built to scale AI products. Whether training foundation models or deploying real-time agents, GMI gives teams full control of performance, costs, and launch velocity. With on-demand and reserved GPU clusters for all workloads and projects, GMI helps AI teams build without limits. GMI Cloud is based in Mountain View, CA.

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SOURCE GMI Cloud

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STL reports FY25 results; well-positioned to unlock growth

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Reports EBITDA of INR 146 Cr, highest in the last six quarters; 31% QoQ growth

MUMBAI, India, May 17, 2025 /PRNewswire/ — STL (NSE: STLTECH), a leading optical and digital solutions company, today announced its financial results for the year ended 31 March, 2025. The Company reported revenues of INR 1052 Cr for the quarter and INR 3996 Cr for FY25 across its business units – Optical Networking and Digital. STL delivered EBITDA margins of 13.8% and EBITDA of INR 146 Cr, highest in the last six quarters.

With a focus on customer centricity, product innovation, and cost leadership, STL continues to be a partner of choice for the global Digital Infrastructure build. As we navigate evolving tariff dynamics, we remain focused on leveraging our global manufacturing footprint in the U.S., Europe, and India and diversified supplier partnerships to drive company performance. 

In Q4 FY25, Optical Networking Business reported a 26% revenue growth and 110% EBITDA as compared to Q4 FY24. This was driven by accelerating momentum in the Enterprise Connectivity and Data Centre Business and a ~22% attach rate in the Optical Connectivity Business (OC). Enterprise and Data Centre Business has seen robust demand in Europe and India as STL supported key players in these regions to expand their end customer connectivity solutions.

STL Digital – Achieved EBITDA positive for consecutive 2 quarters with a steady YoY revenue growth and a robust order book. STL Digital has strategic partnerships with 40+ technology companies and has acquired more than 25 global customers across India and the U.S.

Some key highlights for FY25

Global Services Business* – STL completed the demerger of its Global Services Business that transitioned from Sterlite Technologies (STL) to STL Networks Limited under the brand name ‘Invenia.’Our marquee wins – STL added diversified customers across geographies, forming deep partnerships with service providers like Archtop Fiber in the U.S., Connexin, Netomnia and Wyre in the UK and Europe, Vocus in Australia, du Telecom in MEA and Bharatnet and Vedanta in India.Product innovation and co-creation with customers – STL has aggressively driven product innovation, focusing on co-creation with customers and next-gen optical solutions with development of ultra-thin optical fibre of 160-micron, 180-micron and 864F Microcables, AI-led data centre solutions, Multi-core fibre (MCF) for quantum communications and silicon photonics, and Optical Connectivity portfolio for the U.S. STL also unveiled Rapid series of Optical products, compliant with the ‘Build America, Buy America’ (BABA) regulations. STL ended the year with a patent count of 740 with 76 new patents filed in FY25.Our Net Debt: Equity has improved to 0.68 times against 1.39 times post demerger and Post QIP (YoY).

“FY25 was marked by resilience and customer-focus. By doubling down on our core priorities—Customer and Cost Leadership—we not only sustained momentum but also laid the groundwork for future growth. The strengthening order pipeline and customer engagements signal a promising shift in market dynamics,” remarked Ankit Agarwal, Managing Director, STL. “The trifecta of AI-ready infrastructure, rural fiberisation, and data centre expansion will be the cornerstone of global digitalisation, and we’re are fully prepared with our extensive Connectivity solutions,” he added.

Financial highlights (INR Cr)

Financials**

INR Cr

FY25

FY24

Q4FY25

Q4FY24

Revenue

3996

4083

1052

843

EBITDA

452

527

146

44

**All financials are from continued operations

*Pursuant to receipt of necessary statutory approvals and in accordance with the Scheme of Arrangement between STL and STL Networks Limited, the Company has demerged its Global Service business effective March 31, 2025, as approved by NCLT. Consequently, the financial results of the Global Service business for the respective quarters and year ended March 31, 2025 and March 31, 2024 have been presented as discontinued operations to reflect the impact of this demerger.

About STL – Sterlite Technologies Ltd:

STL is a leading global optical and digital solutions company providing advanced offerings to build 5G, Rural, FTTx, Enterprise and Data Centre networks. Read more, Contact usstl.tech | Twitter | LinkedInYouTube

For more information, contact:
Media Relations:
Shaily Rai Sinha
stl.communications@stl.tech

Investor Relations
Ajay Jhanjhari 
investor@stl.tech

Logo: https://mma.prnewswire.com/media/2259921/4968402/STL_Logo.jpg

 

View original content:https://www.prnewswire.com/in/news-releases/stl-reports-fy25-results-well-positioned-to-unlock-growth-302457858.html

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