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OnLocation’s U.S. Energy Horizons to 2050 Release: Reference and Advanced Technologies Scenarios for the U.S. Energy Sector

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VIENNA, Va., June 26, 2024 /PRNewswire/ — The U.S. energy system will continue a significant transition through 2050, driven by new technologies, policies, and consumer choices. These will result in new market dynamics, industry challenges, and changes in energy-related greenhouse gas emissions. OnLocation, a KeyLogic company, produced the U.S. Energy Horizons to 2050 report to explore these issues using its enhanced version of the National Energy Modeling System (OL-NEMS). The Horizons report provides Reference and Advanced Technologies scenarios to illustrate the impacts of clean technology innovation and enabling policies that could lead to deeper decarbonization. OnLocation’s release webinar is on Thursday, June 27 at 2 p.m. (EST).

What is the OnLocation U.S. Energy Horizons to 2050 Report (OL EH)?
OL EH provides a view of the U.S. energy system through 2050 and may be used by various stakeholders to inform policy decisions. If specific actions are taken, it projects potential future effects on energy supply and demand. OL EH considers the impact of existing and potential policies and technologies affecting energy-related greenhouse gas emissions.

OL EH is a series of modeled projections under different sets of consistent input assumptions. Although many input assumptions (e.g., prices, technology development, economic growth, geopolitical developments) are uncertain long-term, OnLocation uses the best judgment of its energy experts, informed by historical trends and expected future changes, to develop quantitative central pathways for model input assumptions. These central pathways produce the OL EH Reference scenario and may be adjusted in sensitivity scenarios to illustrate the impacts of parameter uncertainty on the energy system.

The OL EH Reference scenario serves as a baseline against which policy action may be compared. It assumes current laws and regulations continue throughout the projection period, which allows proposed policy actions or technology improvements to be modeled as a sensitivity scenario. The impact of the OL EH Advanced Technologies scenario is estimated by comparing scenario results with the Reference scenario.

Why is OnLocation Releasing OL EH?
That fact that the energy system is undergoing and will continue rapid and complex change is neither a singular nor recent phenomenon. To assist policymaking in this dynamic environment, the U.S. Energy Information Administration (EIA) routinely captures the existing state of knowledge about the U.S. energy system in its Annual Energy Outlook (AEO). Citing the need for more time to incorporate new features to the underlying NEMS model to reflect recent energy system changes, EIA announced they would not release an AEO for 2024. This is the first year since the early 1980’s that EIA did not produce an AEO.

OnLocation decided to produce the OL EH this year to benefit the energy & climate modeling community. Over its 40-year history, OnLocation has worked with EIA to build and maintain parts of NEMS, the energy-economy model used to produce AEOs. OnLocation developed its own version of the model, OL-NEMS, based on AEO 2023, including new features and policy updates to address energy system issues and CO2 mitigation strategies important to OnLocation’s clients. OL EH brings together the best of OnLocation’s energy system expertise in a modeling framework familiar to users of the AEO.

How Did OnLocation Develop the OL EH?
OL-NEMS is based on AEO 2023. OnLocation updated this model with publicly available data, policy updates, and new capabilities, making OL EH markedly different from EIA’s AEO 2023. OnLocation is solely responsible for OL EH assumptions and results.

A full report will include a full list of OL-NEMS model updates and OL EH scenario assumptions. Key updates include:

Hydrogen production, storage, and trade (including low-carbon hydrogen sources).Improved representation of carbon capture and sequestration (CCS) and carbon markets.Other CO2 mitigation technologies such as direct air capture (DAC) and sustainable aviation fuel.Updated regulations including new EPA greenhouse gas standards for power plants and vehicles.Greater data center electricity demand growth in the commercial sector.Lower cost assumptions for renewables, carbon capture, and electric vehicles.

How Does OL EH Compare to AEO 2023?
Our key modifications lead to greater CO2 reductions in most energy sectors by 2050 compared to AEO 2023, especially in the power and transportation sectors, as shown in Figure 1. These reductions are due to a more rapid phase-out of conventional fossil fuels in favor of clean energy sources such as renewable energy and electric vehicles in EH Ref compared to AEO.

What the EH Scenarios Reveal
While Reference scenario CO2 emissions decline over time, net emissions in the Advanced Tech scenario are much lower than the Reference scenario (Figure 2).

An important contributor to these reductions is that the power sector achieves net zero CO2 by 2040 with a combination of new renewables, battery storage, and CO2 capture including bioenergy with carbon capture (BECCS). Some other sectoral emissions are offset by net negative emissions from both DAC and BECCS in industry, biofuels, and hydrogen production.

Conclusion
OL EH is accessible to organizations aiming to explore potential future projections of the U.S. energy system more effectively and identify strategies for influencing its direction. Additional OnLocation reports on Data Center (AI & Cryptocurrency) Energy Demands, Employment Impacts of the U.S. Energy Transition, and Critical Materials Demands of the U.S. Energy Sector are planned for later this year.

OnLocation helps public and private groups apply quantitative tools to assess structural and regulatory challenges facing the U.S. energy system. For more information or to book a free consultation, please visit our website or email contact@onlocationinc.com.

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SOURCE Keylogic

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Leoguar Electric Bike Makes Christmas Unforgettable with Exclusive Holiday Offers

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HOUSTON, Dec. 25, 2024 /PRNewswire/ — As the holiday season draws near, Leoguar is excited to offer exclusive deals on their range of electric bikes, bringing families together for memorable moments. With a collection designed to combine fun and fitness, this Christmas is the perfect time to gift an unforgettable experience.

“This Christmas, we’re inviting families to rediscover the joy of outdoor exploration. Our bikes help you bond, stay active, and make the most of every moment,” said the Leoguar COO.

Leoguar’s holiday lineup offers premium e-bikes for every rider, now with unbeatable deals: 

Flippo Folding eBike: A lightweight, foldable ride perfect for urban commutes. Upgrade to the Flippo Pro for enhanced performance with a torque sensor for smoother rides.

Fastron Fat Tire eBikes: Built for rugged terrains, the Fastron features a durable, rugged build, and speeds up to 28 MPH, making it the perfect choice for adventurous riders.

Zephyr Beach Cruiser eBikes: Crafted for effortless coastal cruising, the design combines style and comfort, featuring a comfort saddle that ensures a smooth, seamless ride.

Sprint Utility eBike: A versatile, practical choice featuring a sturdy frame and passenger seat, perfect for errands or leisure.

Trailblazer EMTB: Designed for tough off-road trails, the model features a 500W mid-drive motor, offering powerful performance, extended range, and excellent climbing ability.

To make this holiday gift even sweeter, all Leoguar bikes come with free shipping and a two-year warranty for worry-free riding. Additionally, customers can join the holiday giveaway to win prizes like $59 bottle holders, or even a free e-bike!

Leoguar bikes cater to all experience levels, offering comfort and a seamless riding experience. They promote health benefits like improved fitness and stress relief while creating lasting memories on scenic rides.

“Whether it’s cruising the city streets, riding mountain trails, or relaxing by the beach, a Leoguar electric bike is the ideal Christmas gift,” the COO added. “This holiday season, choose a cycling gift that will last for years to come — there’s no better way to kick off the new year.”

To check out the full collection and take advantage of these limited-time offers, visit www.leoguarbikes.com

About Leoguar:

Leoguar is an eco-conscious e-bike brand founded by Johnny, an engineer with decades of industry expertise. Combining innovation, agility, and power, Leoguar delivers high-quality electric bikes designed for adventure, sustainability, and individuality.

Media contact: lily@leoguarbikes.com 

 

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SOURCE Leoguar Electric Bikes

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2024 Financial Oscars: Waton Securities International Honored as “Outstanding Digital Empowerment Institution” of the Year

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SHENZHEN, China, Dec. 25, 2024 /PRNewswire/ — In early December, at the 18th Huaxia Institutional Investor Annual Conference of 2024, the 18th Golden Cicada Awards were announced. Waton Securities International was awarded the “Outstanding Digital Empowerment Financial Institution of 2024” for its significant achievements in securities brokerage and fin-tech sector.

The selection for the “Outstanding Digital Empowerment Financial Institution” focused on evaluating companies based on financial performance, market competitiveness, customer recognition, digital strategy planning and implementation, digital transformation outcomes, and risk control capabilities. Particularly, it highlighted cases that have made significant strides in digital empowerment.

The evaluation also emphasized the outstanding performance of financial institutions in their own digital transformation and the sound risk control abilities demonstrated during this process, ensuring that while pursuing innovation, companies can effectively manage and control risks. Waton Securities International distinguished itself among the contenders with its sophisticated technology platform, well-defined digital strategy, substantial transformation achievements, and commendable risk control mechanisms.

Established in Hong Kong in 1989, Waton Securities International has steadily grown with a deep understanding of professional financial services and regulatory compliance. It has obtained licenses 1/4/5/9 from the Hong Kong Securities and Futures Commission, becoming a fully licensed brokerage with comprehensive financial service qualifications. Through continuous technological innovation and digital transformation, it has successfully built a one-stop brokerage cloud service platform, promoting advanced digital financial technology globally. Its pioneering SaaS product, “Broker Cloud”, allows corporate clients to independently deploy and operate high-performance digital customer information management and trading systems without their own IT teams. The solution is relatively low-cost and adaptive to industry, which is the core competitiveness of Waton Securities International.

Data reveals that of the 1,100 securities firms in Hong Kong, approximately 600 are actively trading, yet fewer than 50 have developed their own mobile applications. On a global scale, among the 30,000 securities companies, only a handful—less than 300—feature brokerage trading Apps in App stores. This underscores a significant market demand for the digital enhancement of the securities sector.

With the swift growth of technologies like generative AI LLMs, blockchain, big data, and cloud computing, the securities industry can use these tools to streamline trading strategies, assess risks more accurately, and forecast market trends. These technologies also help the industry to move towards more integrated, platform-focused, and digital operations. The main goal of technology in finance is to increase the efficiency of financial institutions. A good starting point for applying technology is to focus on financial services and build a solid technical foundation for these institutions.

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SOURCE Waton Securities

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Mega Matrix Announced that the English Version of “Getting Even: The Secret Prodigy’s Playbook” Now Streaming on FlexTV

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SINGAPORE, Dec. 25, 2024 /PRNewswire/ — The highly anticipated English adaptation of the revenge rebirth series, Getting Even: The Secret Prodigy’s Playbook, officially premiered on December 19th on FlexTV, the world-leading short drama streaming platform operated by Mega Matrix Inc. (NYSE American: MPU). The series delves into the intricacies of power struggles within the White family, chronicling the protagonist’s journey of rebirth and empowerment to rewrite her destiny.

Audrey White, the legitimate daughter of the White family, was sent abroad at a young age due to family circumstances, gradually estranging her from her kin. When she finally returns home, eager to reunite with her family, she unexpectedly becomes the target of jealousy from Ruby White, the family’s adopted daughter. Harboring deep resentment, Ruby orchestrates a kidnapping plot, culminating in a devastating fire designed to test the loyalty and affection of the White family.

Left to perish in the flames, Audrey is abandoned by her family but heroically rescued by her uncle. Miraculously, she is granted a second chance at life, returning three years prior with the power to alter her fate. Determined to expose Ruby’s schemes, rebuild her family bonds, and claim her rightful respect and happiness, Audrey embarks on a journey of resilience and redemption.

FlexTV, operated by MPU, is a global leader in short drama streaming, delivering content in over 100 countries in multiple languages, including English, Japanese, Korean, Portuguese, Spanish, French, and Arabic. Known for its premium-quality dramas and unparalleled user experience, FlexTV has captured the hearts of audiences worldwide. The English version of Getting Even: The Secret Prodigy’s Playbook, now streaming on FlexTV, offers a compelling exploration of familial power dynamics, the complexities of human nature, and the protagonist’s growth and self-redemption in adversity. For more exciting content, please visit https://www.flextv.cc/.

#WealthyFamily #Revenge #Rebirth #ShortDrama #FlexTV #MPU

About Mega Matrix Inc.: Mega Matrix Inc. (NYSE American: MPU) is a holding company and operates FlexTV, a short-video streaming platform and producer of short dramas, through its subsidiary, Yuder Pte, Ltd.. Mega Matrix Inc. is a Cayman Island corporation headquartered in Singapore. For more information, please contact info@megamatrix.io or visit: http://www.megamatrix.io.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements that are purely historical are forward looking statements. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose,” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees for future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate future acquisitions; ability to grow and expand our FlexTV business; ability to execute the strategic cooperation with TopReels, ability to obtain additional financing in the future to fund capital expenditures; ability to establish the investment fund with 9 Yards Communications under the memorandum of understanding; fluctuations in general economic and business conditions; costs or other factors adversely affecting the Company’s profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic; the possibility that the Company may not succeed in developing its new lines of businesses due to, among other things, changes in the business environment, competition, changes in regulation, or other economic and policy factors; and the possibility that the Company’s new lines of business may be adversely affected by other economic, business, and/or competitive factors. The forward-looking statements in this press release and the Company’s future results of operations are subject to additional risks and uncertainties set forth under the “Risk Factors” in documents filed by the Company’s predecessor, Mega Matrix Corp., with the Securities and Exchange Commission, including the Company’s latest annual report on Form 10-K, as amended, and are based on information available to the Company on the date hereof. In addition, such risks and uncertainties include the Company’s inability to predict or control bankruptcy proceedings and the uncertainties surrounding the ability to generate cash proceeds through the sale or other monetization of the Company’s assets. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release.

Disclosure Channels

We announce material information about the Company and its services and for complying with our disclosure obligation under Regulation FD via the following social media channels:

The Company will also use its landing page on its corporate website (www.megamatrix.io) to host social media disclosures and/or links to/from such disclosures. The information we post through these social media channels may be deemed material. Accordingly, investors should monitor these social media channels in addition to following our website, press releases, SEC filings and public conference calls and webcasts. The social media channels that we intend to use as a means of disclosing the information described above may be updated from time to time as listed on our website.

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SOURCE Mega Matrix Corp.

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