Technology

ACX Partners with Trayport to Facilitate Seamless I-RECs Settlement, Accelerating Trading Efficiency and Reducing Counterparty Risk

Published

7 months ago

May 29, 2024

Collaboration enhances the renewable energy market through efficient I-REC settlement, contributing to a settled volume of over 450,000 MWh in the past six months. This achievement enables global reach, a strong regulatory framework, and cost-efficient transactions for market participants.

ABU DHABI, UAE and SINGAPORE and LONDON, May 29, 2024 /PRNewswire/ — ACX Ltd (AirCarbon Exchange), a leading environmental markets exchange located in Abu Dhabi Global Market, announced a strategic collaboration with Trayport on International Renewable Energy Certificates (I-RECs) settlement. Since its launch, the collaborative efforts have facilitated the trading and settlement of over 21,000 MWh of International Renewable Energy Certificates (I-RECs), contributing to a total settled volume of over 450,000 MWh in the past six months.

The collaboration allows traders to settle via ACX, leveraging Trayport’s technology to offer global reach, while benefitting from the regulated framework and robust risk mitigation from ACX. The platform ensures efficiency and cost-effectiveness while reducing counterparty risk for participants.

Andrew Cullen, Global Head of Business Development at ACX, commented, “Our collaboration with Trayport on I-RECs settlement is a testament to our commitment to driving innovation in the environmental commodities market. The results since launch highlight the demand for a secure and efficient platform that mitigates counterparty risk and provides global market access. We’re thrilled to continue providing a reliable and cost-effective trading solution for our partners.”

“IREC’s and the broader Energy Attribute Certificates (EAC) markets are critical tools for allowing companies to meet corporate and global environmental standards. They allow renewable energy to be sourced, trace the origin of energy, credibly document consumption and demonstrate reductions in GHG. This can be a fragmented and opaque market to navigate, and we’re delighted that ACX has chosen to use Trayport’s renowned energy platform to bring visibility and choice to participants,” said Peter Conroy, Chief Executive Officer at Trayport.

Market participants have also recognised the value of the partnership:

Ruben Ortiz-Hernandez, Director and co-Founder at Ecompensate, said “Our trading experience via Trayport/ACX has been very positive. From a trader’s perspective, it provides an excellent interface to monitor the market across a wide array of IRECs bids and offers. The trade execution process is seamless, significantly reducing both counterparty risk and administrative burdens.”

As companies around the world strive to reduce their carbon emissions, I-RECs represent credible documentation of their use of energy from renewable sources, facilitating the achievement of their decarbonisation goals.

I-RECs also represent a valuable additional revenue stream for renewable energy producers who secure these certificates and trade them on the open market.

ACX’s I-REC offering via Trayport reflects its commitment to enhancing the renewable energy market. This service enables traders to efficiently manage their portfolios. As the world transitions to cleaner energy sources, ACX continues to empower participants with innovative tools that facilitate impactful contributions toward sustainability goals.

About the ACX Group:

ACX (AirCarbon Exchange) Group, which includes ACX Abu Dhabi (ACX Ltd) and AirCarbon Pte. Ltd., operates respectively environmental trading platforms in Abu Dhabi and Singapore. It serves corporates, financial traders, carbon project developers, and other industry stakeholders, offering an efficient, transparent, and cost-effective trading platform that leverages distributed ledger technology to foster the growth of environmental product markets in line with global Net Zero goals.

ACX Group is proud to be a member of the International Emissions Trading Association (IETA) and the International Sustainability and Carbon Certification (ISCC), reinforcing its commitment to sustainable and responsible carbon and environmental product trading. It has been recognised as the Best Global Carbon Exchange by Environmental Finance’s prestigious Voluntary Carbon Market Rankings for three consecutive years (2021, 2022, 2023), establishing itself as an industry leader.

For more information, please contact marcomm@acx.net or visit www.acx.net and www.acx.ae.

About Trayport

Trayport is a technology company providing solutions for global commodity markets. We connect different markets and providers and aggregate market data to enable informed trading decisions. Trayport offer technical solutions for European energy, international commodity and environmental markets and their network and solutions support the growth of their clients and trading markets. Trayport also provide analysis and insight tools and now has a global presence with locations in the USA, Singapore, Austria, and Germany.

For media enquiries, please contact:
ACX:
Serene Lim-Allison
Email: marcomm@acx.net

View original content:https://www.prnewswire.co.uk/news-releases/acx-partners-with-trayport-to-facilitate-seamless-i-recs-settlement-accelerating-trading-efficiency-and-reducing-counterparty-risk-302157407.html

Technology

PEAK6 to Relocate Global Headquarters to Austin, Texas

Published

43 minutes ago

December 27, 2024

CHICAGO, Dec. 27, 2024 /PRNewswire/ — PEAK6 Investments LLC (“PEAK6”) today announced that, effective January 1, 2025, it will move its global headquarters from its current location in Chicago, Illinois to the company’s existing office in Austin, Texas, which it established in 2021. PEAK6 affiliates PEAK6 Group LLC, PEAK6 Strategic Capital LLC, PEAK6 APX Holdings LLC and PEAK6 LLC will also relocate their global headquarters to Austin. PEAK6 will maintain its office in Chicago.

“Texas has been a cornerstone of PEAK6’s growth for over a decade,” said PEAK6 Co-Founder and Co-CEO, Matt Hulsizer, who continued, “With the majority of our talented workforce now based in Texas and Austin emerging as our largest office, moving our headquarters was an important decision to be closer to our team. We’re excited for the next chapter of PEAK6 that will be written from our new headquarters.”

Austin’s unique blend of creativity, technology and culture provides the ideal environment for PEAK6. The city’s highly educated workforce, business climate, and strong entrepreneurial spirit have enabled us to attract top talent and drive innovation.

About PEAK6

PEAK6 uses technology to find a better way of doing things. The company’s first tech-based solution was developed in 1997 to optimize options trading, and over the past two decades, the same formula has been used across a range of industries, asset classes, and business stages to consistently deliver superior results. Today, PEAK6 seeks transformational opportunities to provide capital and strategic support to entrepreneurs and forward-thinking businesses.

PEAK6’s core brands include PEAK6 Capital Management, PEAK6 Strategic Capital, Apex Fintech Solutions, We Insure, FOCUS, Zogo, Evil Geniuses and Poker Power.

View original content to download multimedia:https://www.prnewswire.com/news-releases/peak6-to-relocate-global-headquarters-to-austin-texas-302339437.html

SOURCE PEAK6 Investments

Technology

Zero Zero Robotics showcases bestselling HOVERAir X1 series at CES 2025

Published

44 minutes ago

December 27, 2024

Redefining motion capture with innovative flying action cameras and the award-winning HOVERAir Beacon

LAS VEGAS, Dec. 27, 2024 /PRNewswire/ — Recently, Zero Zero Robotics, a pioneering tech company in intelligent devices, announced their participation at CES 2025, where the company will showcase its HOVERAir X1 series of self-flying cameras at booth # 56045, Venetian, Level 2, Halls A-D. Designed to simplify aerial cinematography, the HOVERAir lineup includes the pocket-sized HOVERAir X1, the action-focused HOVERAir X1 PRO, and the Professional grade HOVERAir X1 PROMAX. Zero Zero will also celebrate its 2025 CES Innovation Awards Honoree title in Audio/Video Components & Accessories for the HOVERAir Beacon, an intelligent modular controller that redefines precision tracking and control.

The introductory model in the HOVERAir lineup, HOVERAir X1, weighs just 125g and delivers an effortless aerial photography experience with no controller or app required. With over five pre-programmed flight paths, including Hover, Follow, Zoom Out, Orbit, and Bird’s Eye, it’s perfect for capturing cinematic moments in everyday life. Its 2.7K video resolution, palm launch capabilities, and robust computer vision algorithms make it the ultimate everyday and travel companion.

Building on the success of the X1, Zero Zero introduced the HOVERAir X1 PRO and HOVERAir X1 PROMAX in August 2024 to meet the demands of action enthusiasts and professional creators. The X1 PRO offers 4K/60fps video with a 104° field of view for versatile shooting conditions. The X1 PROMAX delivers stunning 8K/30fps video with 4K/120fps slow-motion capabilities, a 1/1.3″ CMOS sensor, and 14 stops of dynamic range for cinematic footage. Both models feature advanced AI tracking, Level 5 wind resistance, and a lightweight, durable HEM™ frame.

“Our vision has always been to create flying cameras that are effortless, intelligent, and fun to use,” said MQ Wang, Founder & CEO of Zero Zero Robotics. “The HOVERAir series puts professional-grade aerial cinematography in the palm of your hand, whether you’re capturing casual moments or pushing creative boundaries.”

Adding to these innovations, the HOVERAir Beacon enhances control and precision for the series. The Beacon features a patented Tri-state modular design with two detachable joysticks, enabling one-handed and full-featured two-handed controls. It activates HoverLink™ for precise tracking with up to a 1 km transmission range, while the 1.78″ OLED display allows real-time footage monitoring. Equipped with AI-powered noise cancellation, the Beacon sets a new standard for audio and video recording during aerial shoots.

“We’re excited to bring the HOVERAir X1 series and Beacon to CES 2025, where we’re redefining how motion is captured, tracked, and controlled,” continued Wang. “These tools empower creators and adventurers to document their journeys with breathtaking precision and ease.”

Zero Zero Robotics invites attendees to stop by Booth #56045 to experience the HOVERAir X1 series in action and witness its unparalleled performance. Media wishing to interview Zero Zero Robotics personnel should contact Borjana Slipicevic.

About Zero Zero Robotics

Zero Zero Robotics was co-founded in 2014 by Stanford PhDs MQ Wang and Tony Zhang, specializing in embedded AI technology for intelligent devices. Known for its innovative machine vision and high-precision control systems, ZeroZero has team members who are dreamers, engineers, inventors, and builders hailing from top universities and research institutions around the world. Zero Zero Robotics holds more than 140 core patents and has pioneered technologies like fully enclosed portable propeller designs and bi-copter designs, cementing its place as a leader in intelligent device development.

Photo – https://mma.prnewswire.com/media/2587719/20241225_CES.jpg

View original content:https://www.prnewswire.co.uk/news-releases/zero-zero-robotics-showcases-bestselling-hoverair-x1-series-at-ces-2025-302339226.html

Technology

ResumeTemplates.com Survey Reveals 3 in 10 Gen Zers Believe CEOs Are Evil; Many Support Release of Mangione

Published

2 hours ago

December 27, 2024

The majority of Gen Zers feel CEOs wield excessive power, with some expressing extreme views about corporate accountability

SEATTLE, Dec. 27, 2024 /PRNewswire-PRWeb/ — ResumeTemplates.com, the leading platform for professional resume templates and career advice, has released findings from a recent survey revealing critical attitudes among Gen Z toward corporate leaders. Conducted in December 2024, the survey of 1,200 U.S.-based Gen Zers highlights the sentiment that CEOs hold excessive power and are overcompensated, with some respondents expressing extreme views about corporate accountability.

According to the survey, more than half of Gen Zers (55%) believe CEOs wield excessive power in society, particularly influencing elections, the economy, and policymaking. Additionally, 59% of respondents believe CEOs are overpaid, with most saying total annual compensation should not exceed $750,000. Only 7% of respondents support unlimited earning potential for CEOs. The survey also found that 39% of Gen Zers believe all levels of a workforce equally contribute to a company’s success, while only 20% think CEOs create the most value within an organization.

The survey also explored Gen Z’s perceptions of corporate leadership. More than half believe CEOs are responsible for driving corporate greed, and 30% of respondents view CEOs as “evil,” reflecting deep skepticism toward corporate leadership.

Additionally, the survey examined opinions on high-profile cases like Brian Thompson’s killing. Among respondents, 21% agreed that “CEOs deserve to lose their lives for their professional actions,” including 7% who strongly agreed. When asked specifically about Brian Thompson’s killing, 22% of respondents believe he definitely (10%) or probably (12%) deserved what happened to him. Regarding Luigi Mangione, Thompson’s accused killer, 21% supported his release, while 51% opposed it.

This survey, conducted December 18, 2024, via Pollfish, gathered responses from 1,200 U.S.-based 18 to 27 year olds. The full report can be viewed here: https://www.resumetemplates.com/3-in-10-gen-zers-say-ceos-are-evil-many-believe-mangione-should-go-free/

ABOUT RESUMETEMPLATES.COM
ResumeTemplates.com offers a comprehensive selection of free, industry-specific resume templates, tailored to meet the needs of various job seekers. The website also provides extensive resources to help facilitate the job application process, including expert advice, resume examples, and tips and tricks for creating impactful resumes. For more information, please visit: https://www.resumetemplates.com/.

Media Contact

Abigail Davis, ResumeTemplates, 000-0000, abigail@resumetemplates.com

View original content:https://www.prweb.com/releases/resumetemplatescom-survey-reveals-3-in-10-gen-zers-believe-ceos-are-evil-many-support-release-of-mangione-302338434.html

SOURCE ResumeTemplates