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United Kingdom Atomic Energy Authority (UKAEA) signs MoU with Nordic’s first fusion energy company, Novatron Fusion Group

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STOCKHOLM, May 30, 2024 /PRNewswire/ — The United Kingdom Atomic Energy Authority (UKAEA), the UK’s national fusion energy laboratory, has signed a Memorandum of Understanding with Novatron Fusion Group, a Swedish company that aims to revolutionise the field of fusion energy production and fast-track the transition to commercial fusion power.

The world’s energy demand is growing rapidly, and we need to meet it without reliance on fossil fuels. Fusion power potentially offers a flexible, large-scale, dispatchable source of clean, safe, and virtually limitless energy.

Estimates suggest more than 15 billion tons of CO2 emissions could be saved annually if all coal-fired power plants in the world were replaced with fusion power plants. Looking further to the future, fusion energy could become pervasive and cheap allowing entirely new industries to emerge.

Today’s fusion power announcement made public at the London Residence of the Swedish Ambassador to the UK, between the UKAEA and Swedish company Novatron Fusion Group builds on the UK and Sweden’s recently signed Strategic Partnership, expanding cooperation on science and innovation, energy, trade and security and defence.

Under the Strategic Partnership – signed by Swedish Prime Minister Ulf Kristersson and UK Prime Minister Rishi Sunak in October 2023 – both nations committed to ‘exploring opportunities for collaboration on fusion energy’ after acknowledging the emerging technology’s ‘importance for long-term sustainable energy supply”.

Ambassador of Sweden to the UK, H.E. Mr Stefan Gullgren said: “I am delighted that the Strategic Partnership signed by Sweden and the United Kingdom last year has inspired Novatron Fusion Group and UKAEA to establish a partnership on fusion collaboration. Sweden and the United Kingdom have a long history of investing in cutting-edge research leading to technological advancements. This partnership between two key actors in fusion technology represents yet another building block in our flourishing bilateral cooperation on science and innovation.”

Novatron Fusion Group is developing an innovative machine solution (currently the only mirror machine-concept in Europe) for stable magnetic plasma confinement at KTH Royal Institute of Technology in Stockholm, Sweden.

The new partnership will include site visits, staff exchanges including technology demonstrations alongside broader sharing on knowledge and some IP. Further investigations will be performed in parallel regarding collaboration on the next generation of machines. More specific focus areas include the design of fusion machines: particularly for heating of plasma, along with Diagnostics and Remote handling systems.

Novatron Fusion Group CEO, Peter Roos, said the MoU marked a significant step forward for Europe’s fusion energy ambitions. “We’re pleased to be strengthening our presence in the UK which is making a serious commitment to fusion energy. International cooperation is essential to ensure a concerted push, not only with technology development, but for swift implement of funding and regulatory changes to pave the way for the fusion energy industry. With support from investors, governments, academia and industry, commerciality is now within reaching distance.”

For more information, please contact:

Novatron Fusion Group AB
Linda Nyberg, CCO, +46 76-006 19 15 or linda.nyberg@novatronfusion.com

About Novatron Fusion Group

Novatron Fusion Group AB is a Swedish company headquartered in Stockholm. We are developing the NOVATRON concept – an innovative reactor solution for stable magnetic plasma confinement. The company’s approach aims to simplify the quest to deliver fusion energy to increase reliability and reduce the current capital and operational cost profiles of its fusion reactors, relative to alternative solutions. Partnerships include KTH Royal Institute of Technology (www.kth.se) and EIT InnoEnergy (www.innoenergy.com).

About UK Atomic Energy Authority

United Kingdom Atomic Energy Authority (UKAEA) is the UK’s national organisation responsible for the research and delivery of sustainable fusion energy. It is an executive non-departmental public body, sponsored by the Department for Energy Security and Net Zero.

Fusion energy has great potential to deliver safe, sustainable, low carbon energy for generations to come. It is based on the same processes that power the Sun and stars, and would form part of the world’s future energy mix. Achieving this is a major technical challenge that involves working at the forefront of science, engineering, and technology.

UKAEA’s fusion machines include MAST-Upgrade (Mega Amp Spherical Tokamak) and the JET (Joint European Torus) research facility. JET’s operations were funded by the UK Government from 2021 until 31st December 2023. UKAEA is delivering the transition of JET from plasma operations to repurposing and decommissioning. The insights gained from this process will contribute to the advancement of sustainable future fusion powerplants. 

UKAEA is implementing the UK’s £650 million Fusion Futures Programme, the UK’s alternative programme to associating to Euratom R&T, to support the UK Fusion Strategy. The Programme entails establishing new facilities at UKAEA’s Culham Campus in Oxfordshire to facilitate the advancement of new technologies and expand fusion fuel cycle capabilities. The Programme aims to foster world-leading innovation while also stimulating general industry capacity through international collaboration and the development of future fusion powerplants. Additionally, a fusion skills package will be introduced focusing on nurturing expertise across a spectrum of disciplines and levels. In 2021, UKAEA opened its Fusion Technology Facility near Rotherham in South Yorkshire, to develop and test materials and components for future fusion powerplants.

UKAEA also undertakes cutting edge work with academia, other research organisations and the industrial supply chain in a wide spectrum of areas, including robotics and materials.

More information: https://www.gov.uk/ukaea. Social Media: @UKAEAofficial

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/novatron-fusion-group-ab/r/united-kingdom-atomic-energy-authority–ukaea–signs-mou-with-nordic-s-first-fusion-energy-company–,c3991479

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Bybit Champions Web3 Innovation and Strengthens Ties with Asia’s Crypto Community at Taipei Blockchain Week

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DUBAI, UAE, Dec. 24, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange, debuted at the Taipei Blockchain Week Dec. 12 to 14, 2024, spotlighting the vibrant Web3 innovations on its platform alongside a dynamic roster of its strategic Layer 1 ecosystem partners.

Featuring side events in collaboration with the Solana Foundation, the Sui Foundation, and a dazzling lineup of multichain projects, Bybit Web3 dedicated the Taipei tour to building up communities and deepening connections with Web3 ecosystem partners. The Bybit delegation also took the stage to uncover the latest insights on Web3, building with a purpose, and the future of blockchain utilities and DeFi.

Purpose, Innovation, and Partnerships

Representing Bybit at the conference were MK Chin, Core Contributor for Blockchain for Good Alliance and Head of Marketing of Bybit Web3, and Angela Huang, Bybit VIP Relationship Manager, at various panels.

Expanding on blockchain technology’s potential in building better realities for all, Chin joined as a panellist in the session Marketing Web3: Strategies to Engage and Onboard the Next Billion Users. Chin shared learnings and actionable insights from the Bybit-supported Blockchain for Good initiative (BGA), elaborating on both real-world utilities of blockchain technologies and the trickling down of benefits to grassroot communities.

Meanwhile, Angela Huang moderated three sessions closely tied to Bybit’s mission, steering conversations on crucial industry topics:

The panel Bridging TradFi and DeFi: The Exchange’s Role in User Onboarding on Dec. 12 examined how exchanges could elevate access to the digital economy for users at scale.On Dec. 13, Networked Intelligence: The Rise of Decentralized AI explored the intersection of blockchain and AI, showcasing their potential to transform and democratize finance.The Building for Impact: How Female Founders Drive Purpose-Driven Innovation panel on Dec. 14 highlighted the evolving role of women leaders in driving solution-oriented innovation.

Another highlight at the event was amplified globally via Bybit Livestream. Collaborating with the Sui Foundation, Ondo, DeepBook, Scallop, NAVI, and other leading projects, Bybit Web3 led a critical debate on the future of Sui’s growth strategy: Sui Ecosystem Showdown: Mass Adoption vs. Native Growth. Hosted by Emily Bao, Head of Web3 and Spot at Bybit, the livestream attracted over 6,500 viewers live at the Taipei Blockchain Week and globally on Dec. 13.

Deepening Bonds: Key Web3 Ecosystems and Communities

Bybit Web3 brought the local community closer to its world-class ecosystem partners with engaging community events, co-hosting Taiwan DeFi Flow with Sui and Scallop on Dec. 12, and Solana Ecosystem Taipei Greetings with the Solana Foundation and Solar with the support of Orderly Network, Zetachain, Jupiter, and Sonic, on Dec. 14. Through collaborations and innovation, Bybit Web3 opens up new on-chain possibilities for partners and stakeholders to expand the Web3 universe.

These relaxed evening gatherings provided a convivial backdrop for like-minded builders and entrepreneurs to network, exchange ideas, and celebrate their shared enthusiasm for DeFi and dApps in Asia’s growing Web3 innovation hub.

“It’s been an incredible experience connecting with the builders, believers, users, creators, and supporters driving innovation on Solana and Sui. These moments remind us of the heart and spirit of Web3—a vibrant ecosystem shaped by collaboration and shared vision. I’m deeply proud to witness this growth, grateful for every connection made, and excited for the road ahead,” said MK Chin, Core Contributor for Blockchain for Good Alliance and Head of Marketing of Bybit Web3.

“Taipei Blockchain Week showcased the immense growth and potential of Web3 innovation in Asia. Representing Bybit, I had the honor to collaborate with industry leaders to explore Web3’s limitless possibilities, from DeFi and AI to real-world applications. Together, we are shaping a more inclusive global crypto community,” said Angela Huang, Bybit VIP Relationship Manager.

In the past year, Bybit has seen exponential growth in its user base, surging to over 60 million by the end of 2024. It has also invested in vertical growth through community engagements across the world. Connected by the passion for the future of crypto, blockchain, and Web3, the Bybit family is on track to building an inclusive and sustainable path to growth for the industry.

 

#Bybit / #TheCryptoArk / #BybitWeb3

About Bybit Web3

Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting.

Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 50 million users globally.

Join the revolution now and open the door to your Web3 future with Bybit.

For more details about Bybit Web3, please visit Bybit Web3.

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: media@bybit.com

For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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SOURCE Bybit

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Yu Liu, Vice President of Baijiayun, to Attend 2024 Jixin AIGC Summit for Exploring New Industry Landscape

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BEIJING, Dec. 24, 2024 /PRNewswire/ — Baijiayun Group Ltd (“Baijiayun” or the “Company”) (NASDAQ: RTC), a one-stop AI video solution provider, today announced that it will attend the 2024 AIGC Summit soon.

Recently, the 2024 AIGC Summit, hosted by “Jixin”, a venture capital and industry research media that focuses on industrial AI, is about to kick off. As an outstanding enterprise representative that has successfully implemented AI technology in various industries, Baijiayun has been invited to attend. Yu Liu, the vice president of Baijiayun, will share unique insights at the summit to promote industry communication and progress.

This summit focuses on the in-depth application of AIGC technology in vertical scenarios, aiming to analyze the strategies, practices and successful experiences of AI going global, grasp the pulse of the development of the times, build a more open and win-win AIGC industrial ecosystem on a global scale, and open a new chapter for the future.

As an important participant in the AIGC field, Baijiayun has achieved remarkable results in technological innovation and application implementation. Vice President Yu Liu has been deeply involved in many core businesses and strategic decisions during the development of the company and has rich experience and profound insights in the application practice of AIGC technology. His attendance at this summit is expected to bring the latest achievements and innovative ideas of Baijiayun in vertical scenario applications and international market expansion, providing valuable references and inspirations for industry colleagues, further stimulating the innovation vitality and development momentum of the industry, and promoting the AIGC industry to a new peak. Many industry insiders are looking forward to this summit with full anticipation. It is believed that with the joint efforts of all parties, a clear and promising blueprint for the future development of the AIGC industry will be drawn.

For investor and media enquiries, please contact:

Company Contact:
Ms. Fangfei Liu 
Chief Financial Officer, Baijiayun Group Ltd
Phone: +86 25 8222 1596
Email: ir@baijiayun.com

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SOURCE Baijiayun Group Ltd

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My China Story: Technology Brings the World Together for a Chinese New Year

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BEIJING, Dec. 24, 2024 /PRNewswire/ — As the Spring Festival approaches, many are preparing for their holiday travels abroad. While the excitement of spontaneous trips is undeniable, one of the biggest hurdles travelers face is language barriers. However, iFlytek‘s innovative translation device promises to make communication effortless, helping you navigate any language challenges with ease.

 

Known for its sleek and compact design, iFlytek’s smart translation gadget offers an elegant black, business-style exterior, a moderate size, and a lightweight build. It’s the ideal travel companion, fitting easily into your pocket without weighing you down. Whether you’re heading to a city getaway or a remote adventure, this device ensures that language is never an obstacle.

The device boasts impressive capabilities, supporting translations in 84 languages online and 16 languages offline. Whether you’re traveling to Japan, South Korea, France, Germany, or the Middle East, this device handles it all. Even in remote locations—such as secluded mountain temples or isolated islands—the offline translation feature ensures you won’t be left speechless. The device also offers specialized vocabulary for specific fields, making translations more precise and professional.

With its intuitive interface, the gadget is easy to use—just a tap, and you’re ready to communicate. This makes it a perfect tool for travelers who want to ensure a smooth and enjoyable experience while abroad.

But what lies behind this innovative device? How did it come to life? To learn more about its development and functionality, we are following a Russian journalist as he visits iFlytek’s headquarters for an exclusive look at this remarkable “gadget” and uncover the story behind its creation.

Stay tuned as we explore the technology that’s revolutionizing the way we connect across cultures.

https://youtu.be/QkdFG0LvH70

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SOURCE “My China Story” International Short Video Competition Organizing Committee

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