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Serco Group, VEV and RVS save 8,898kg of emissions and prove the case for electric recycling & refuse-vehicles in 8-week pilot

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Electrification pioneers VEV and RVS, and public services provider Serco, announce the highly successful results of a pilot scheme for electric recycling and waste collection vehicles (eRCVs) in Hampshire.Two eRCVs completed live collection rounds for thousands of local residents over eight weeks.The eRCVs were converted and repowered from diesel into as-new electric vehicles by RVS, adding to the carbon emission savings.Drivers reported that the vehicles performed better than the usual diesel vehicles and they preferred the smooth and quiet driving experience.The trial delivered significant reduction in noise pollution and 8,898kg in emissions savings – the equivalent of removing two cars from the road for the entire year.Modelling within VEV-IQ demonstrated eRCV total cost of ownership (TCO) could be between 4 and 14% lower than diesel RCVs with effective optimisation.VEV has delivered a three-phase plan for Serco to roll out eRCV collection at multiple sites across the UK, with Serco maintaining the eRCVs operation in Hampshire post-pilot.The full pilot report can be downloaded here, and high-resolution imagery here.

LONDON, July 16, 2024 /PRNewswire/ — VEV, the e-fleet solutions provider backed by Vitol – a world-leader in the energy sector – reveals the results of its highly successful collaboration with public services provider, Serco, and RVS, following the conclusion of a pilot programme for electric recycling and waste collection vehicles in Hampshire.

In an eight-week pilot, VEV, Serco and RVS consolidated their expertise to support the councils’ climate emergency targets by demonstrating the powerful capabilities of electric refuse collection vehicles (eRCVs) to reduce the substantial carbon footprint created by recycling and refuse collection.

Across 69 collection rounds balancing distance, bin-quantity and weight, the two RVS-repowered eRCVs completed refuse and recycling collections for thousands of local residents. The specialised vehicles significantly reduced noise pollution and delivered 8,898kg in emissions savings, removing the equivalent of two cars from the road for an entire year just over the 8-week period. The carbon footprint was further reduced during the manufacturing process by using vehicles converted from diesel to electric.

Crucially, the drivers of the eRCVs lost their scepticism about electric vehicles early on and concluded that they preferred the new vehicles. One said, “I like how quiet it is, I can hear the crew working behind me much easier, it feels much safer.”

Building on the extensive benefits for local communities and the environment, the pilot proved the case for operational efficiency using eRCVs for fleet operators like Serco. Under different scenarios blending the impacts of energy price, vehicle efficiency, mechanical optimisations, fuel price changes and maintenance strategies, TCO savings of between 4 and 14% compared to diesel RCVs, could be achieved in the short term. These models were generated by VEV’s bespoke management platform, VEV-IQ, which is used to optimise EV fleet operations.

From increasing range by up to 20% with driver training, to managing energy consumption through smart charging schedules and vehicle performance monitoring, pilot data was utilised to showcase how an optimised eRCV operation can be a cost-effective solution for operators, without additional financial burden on the local population.

Analysing the real-world data from the daily collection operations, VEV has delivered a TCO-optimised, three-phase plan for Serco to roll out eRCV operations across multiple sites in the UK, starting with the two Hampshire depots. The plan encompasses a grid upgrade, solar power installation, optimisation stream, and the VEV-IQ analytics platform. VEV-IQ will facilitate smart charging and operations optimisation based on monitoring and trialling operational changes.

Assessing the electrification readiness of Serco’s fleets in the two Hampshire councils, VEV identified that multiple vehicles are prepared for a cost-effective switch now, with a second wave to follow.

VEV CEO, Mike Nakrani, said:

“A critical objective for VEV, Serco and RVS in this project, was to prove that electric recycling and refuse collection can be a significant step in reducing carbon emissions and improving air quality, in a way that makes commercial sense for fleet operators and local councils.

“By saving nearly nine tonnes of emissions in just eight weeks and proving that eRCV costs can meet or even improve on their diesel counterparts, this real-life project has delivered a ringing endorsement for electrifying all kinds of commercial fleets. We thank each of our partners for their commitment and rigour in this project, and we look forward to helping Serco make a cost-effective switch across even more of its eRCV fleet moving forward.”

Spencer Law, Founder & CEO of Refuse Vehicle Solutions Ltd. said:

“Repowering refuse collection vehicles enables fleet operators like Serco to reap a swathe of environmental and efficiency benefits. The converted eRCVs we delivered consistently completed their routes with enough battery charge on return to the depot to cater for unplanned, extra rounds.

“The drivers adapted well to the vehicles after the initial coaching, and reported stronger vehicle performance than their diesel equivalents, with many preferring the comfort and quietness of the electric operation. We’re delighted with the performance of the eRCVs that this pioneering project has helped us put in the spotlight.”

George Roach, Performance and Compliance Director for Serco Environmental Services said:

“Establishing the business-case for electrifying Serco’s recycling and refuse collection fleet was key for us throughout this pilot scheme. We’re maximising the huge success of the project and continuing to run the electric RCVs on their routes in both Hampshire councils.

“The operational efficiency gains that VEV and RVS have helped us achieve, have played a critical role in proving the business-case for electrifying even more of our collection contracts across the UK, allowing us to deliver cleaner air and quieter streets for local communities.”

The full pilot report can be downloaded here, and high-resolution imagery here.

VEV’s media kit is available here.

About VEV

VEV helps organisations deliver on their carbon reduction ambitions with an end-to-end fleet electrification solution that integrates across vehicles, charging infrastructure and power. VEV is owned by Vitol, a world leader in energy, which to date has committed circa $2 billion to sustainable energy initiatives worldwide. 

VEV navigates the complexities of EV transformation to design and implement cost-effective EV fleets optimised for specific fleet requirements. It supports EV fleet operations to guarantee resilience and keep mission-critical fleets running at scale. Bespoke, scalable business solutions are designed around the customer’s own fleet data analysed by a powerful assessment tool, VEV-IQ, and VEV’s experts in energy and sustainable e-mobility. VEV sets businesses up for success in an electrified future.

More information at VEV.com

About RVS

Refuse Vehicle Solutions (RVS) is the UK’s leading independent supplier of New, Quality Used, Refurbished and Electric Conversion refuse collection vehicles.

Combining over 100 years of experience, RVS possess a complete understanding of the waste sector’s demands and requirements, enabling our success in all aspects of RCV provision and maintenance.

RVS are proud to be at the forefront of the waste fleet electrification movement, helping the industry meet its sustainability goals, and evolving together towards a cleaner, greener future.

For more information, visit refusevehiclesolutions.co.uk.

About Serco

Serco brings together the right people, the right technology and the right partners to create innovative solutions that make a positive impact and address some of the most urgent and complex challenges facing the modern world. 

With a primary focus on serving governments globally, Serco’s services are powered by more 50,000 people working across defence, space, migration, justice, healthcare, mobility and customer services.

Serco’s core capabilities include service design and advisory, resourcing, complex programme management, systems integration, case management, engineering, and asset & facilities management.

Underpinned by Serco’s unique operating model, Serco drives innovation and supports customers from service discovery through to delivery.

More information can be found at www.serco.com

About Serco in Environmental Services

Serco’s Environmental Services business provides refuse and recycling collection, street cleansing, vehicle maintenance and landscapes services to UK local authorities. We also operate fully integrated waste and recycling contracts which include waste and recycling treatment, processing, recovery and disposal. The company works in long term partnership with 16 local authorities, bringing together our expert knowledge and experience to drive positive social outcomes for the environment, our customers, communities and colleagues.

Photo – https://mma.prnewswire.com/media/2461635/VEV.jpg

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CGTN: From Chancay to Shanghai: Transforming Latin America’s trade future

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BEIJING, Nov. 16, 2024 /PRNewswire/ — “From Chancay to Shanghai” has become a popular slogan in Peru as the Chancay Port, a flagship project of the China-proposed Belt and Road Initiative (BRI), held a grand opening ceremony on Thursday.

The $1.3 billion mega project is set to revolutionize regional trade by accommodating the world’s largest cargo ships and significantly reducing shipping times. The first phase of the project will reduce the sea shipping time from Peru to China to 23 days, cutting logistics costs by at least 20 percent.

The new port has four berths with a maximum depth of 17.8 meters, capable of hosting ultra-large container ships with a capacity of 18,000 twenty-foot equivalent units (TEUs). The port’s designed annual throughput capacity is one million TEUs in the near term and 1.5 million TEUs in the long term, positioning it as a key hub for trade between Latin America and Asia.

Chinese President Xi said in his signed article, published Thursday in the Peruvian media outlet El Peruano, that the Chancay Port project is expected to generate $4.5 billion in yearly revenues for Peru and create over 8,000 direct jobs.

Xi and his Peruvian counterpart Dina Boluarte attended the opening ceremony of Chancay Port via video link on Thursday.

“From Chancay to Shanghai, what we are witnessing is not only the root and blossom of the Belt and Road Initiative in Peru, but also the birth of a new gateway that connects land and sea, Asia and Latin America,” said President Xi when addressing the opening ceremony.

Xi flew in earlier Thursday to pay a state visit to Peru and attend the 31st APEC Economic Leaders’ Meeting. This is his sixth visit to the continent since 2013.

Transforming regional trade dynamics

The Chancay Port is not only a good deep-water port, but also the first smart port and green port in South America, Xi said.

Strategically located as Peru’s gateway to the Pacific, the port is connected to the Pan-American Highway via a tunnel, providing direct access to Peru’s capital Lima. As the first “maritime expressway” into Latin America, it will enable faster and more cost-efficient transport of Peruvian exports, such as cranberries and avocados, to Asian markets.

“Our goal is to become the Singapore of Latin America, so that port cargo passes through here when going to Asia. When someone from Brazil, Venezuela, Bolivia, Paraguay and Argentina wants to go to Asia, they should think of Peru as a point of departure,” Peruvian Transport Minister Raul Perez Reyes told reporters last month.

The construction of Chancay Port aligns perfectly with the growing demands for trade between China and Latin America.

Additionally, Peru has initiated plans to develop a railway and highway network connecting Chancay Port to major cities across the country, with potential future links to transportation networks in other regional countries, and could support the efficient export of Brazilian soybeans, iron ore, frozen meat, Colombian coffee, avocados and other goods to Asia via this new trade route.

“The Chancay Port will help Peru improve shipping efficiency and deepen trade cooperation with Asia,” said David Gamero, a deputy manager at the Chancay megaport project. He added that beyond direct economic benefits, the massive port will also drive the development of Latin America’s logistics value chain and advance technological and industrial growth, creating a “multiplier effect.”

Xi once referred to Peru as “China’s neighbor across the Pacific,” and cited an ancient Chinese poem to characterize China’s relations with countries in Latin America and the Caribbean: “True friends always feel close to each other no matter the distance between them.”

Once the Chancay Port comes into operation, it will be able to integrate the entire Latin American region into the dynamic economic framework of the Asia-Pacific, greatly bolstering connectivity within and beyond the continent.

Intensifying China-Latin America cooperation

The BRI, proposed by China in 2013, incorporated Latin America and the Caribbean region in 2017.

As of 2023, 22 countries in the region have signed BRI cooperation documents with China, according to the report by a steering group for the Belt and Road Initiative. Notable projects include the Belo Monte Hydropower Plant ultra-high-voltage transmission line in Brazil, Argentina’s Belgrano Cargas railway, among others.

Additionally, since 2012, China has been the second-largest trading partner of Latin America. In 2023, the total trade volume between China and Latin American countries exceeded $489 billion.

Experts say China’s investment and technical support are helping Latin American countries accelerate their economic development and have become an important driving force for the development of the Global South. They also voiced expectation for Xi’s attendance at APEC to inject positive momentum into regional integration and economic cooperation.

Rafael del Campo Quintana, vice president of the Peruvian Exporters Association, said that APEC is not only an important platform for promoting regional trade and economic cooperation but also provides developing countries, including Peru, with opportunities to deeply integrate into the global economy.

https://news.cgtn.com/news/2024-11-14/Peru-s-Chancay-megaport-poised-to-reshape-trade-in-the-Pacific-1yveJbUsORy/p.html 

SOURCE CGTN

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Keynode Launches BTC Staking Service as Bitcoin Approaches $100K Milestone

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Keynode introduces a new BTC staking service, offering users an opportunity to earn rewards as Bitcoin nears the $100K milestone.

NEW YORK , Nov. 16, 2024 /PRNewswire-PRWeb/ — Keynode, a recognized leader in the crypto staking platform, is excited to introduce its latest BTC staking option, providing a unique opportunity for investors to participate in Bitcoin‘s growth journey. This new staking service aims to enable users to benefit from Bitcoin‘s market potential while contributing to broader adoption as Bitcoin targets the highly anticipated $100K threshold.

As one of the first platforms to offer Bitcoin staking in a straightforward, user-friendly manner, Keynode positions itself as a valuable tool for investors seeking to earn passive income through cryptocurrency. By offering a BTC staking option, Keynode combines the power of Bitcoin‘s market strength with the stability and growth potential of a staking-based approach. This program allows investors to stake their Bitcoin holdings and generate a steady yield, without needing to trade or sell assets.

Accessible Staking with Competitive Rewards

The BTC staking service on Keynode is designed to attract both new and experienced investors interested in diversifying their crypto portfolios. Keynode’s platform features an accessible structure with competitive staking rewards, making it appealing for a wide range of users. With staking periods and potential yield options crafted to meet different financial goals, Keynode ensures that users can tailor their participation according to their preferred level of commitment and growth expectation.

Driving Market Participation with Innovative Solutions

As Bitcoin continues to garner attention from both retail and institutional investors, reaching record highs has become a topic of market speculation. Keynode’s BTC staking program contributes to this momentum by offering secure and user-centric ways to support the Bitcoin ecosystem. As more individuals choose to stake BTC, the overall scarcity and demand for Bitcoin may be influenced, helping support a long-term vision of reaching new price heights.

“BTC staking represents a forward-looking approach in cryptocurrency investments,” said a Keynode spokesperson. “With this service, we are making it simpler for investors to stay invested in Bitcoin while also enjoying staking rewards, which aligns with Bitcoin‘s journey toward greater market adoption and potentially even the much-anticipated $100K mark.”

About Keynode

Keynode is a leader in crypto staking solutions, dedicated to offering accessible and reliable staking options for users across the globe. With a commitment to security and user-friendly features, Keynode continues to innovate in the crypto space, providing services that support investors in reaching their financial goals.

For more information on Keynode’s BTC staking service, visit Keynode.net or contact Keynode at (+1) 678-310-6834 or info@keynode.net.

Media Contact

Kiven Scott, Keynode, (+1) 678-310-6834, info@keynode.net, https://keynode.net/

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SOURCE Keynode

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Sustainable Infrastructure Holding Company (“SISCO”) Q3FY24 revenue (excluding accounting construction revenue) increases by 23.8% to 341.8 million

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Revenue grew by 23.8% compared to previous yearGross profit of SAR 179.8 million, a 21.7% increase compared to Q3FY23Adjusted EBITDA rose 29.5% to SAR 210.2 million

JEDDAH, Saudi Arabia, Nov. 16, 2024 /PRNewswire/ — Sustainable Infrastructure Holding Company (“SISCO”, “TADAWUL: 2190”), Saudi Arabia’s leading strategic investor in Ports & Logistics and Water Solutions has announced its financial results for the quarter ended 30 September 2024.

Revenues for the third quarter of 2024, excluding accounting construction revenue, grew by 23.8% compared to Q3FY23 to reach SAR 341.8 million. On a quarter-to-quarter basis, revenues grew by 13.0% compared to Q2FY24.

The third-quarter gross profit of SAR 179.8 million represents 14.7% quarter-on-quarter growth and 21.7% growth compared to Q3FY23. The gross profit margin for Q3FY24 was down 0.9% year-on-year, due to increased depreciation and direct costs, but was up 0.8% quarter-on-quarter, in line with expectations. Year-to-date saw gross profits increase by 13.8% to SAR 469.5 million.

Adjusted EBITDA growth rose 29.5% to SAR 210.2 million compared to Q3FY23, aligning SISCO with strategic goals. Quarter-on-quarter growth was 20.8%, with a year-to-date increase of 17.7% to SAR 543.8 million.

SISCO reports a strong recovery in the Red Sea Gateway Terminal from subdued Q3FY23 Port segment results due to the Red Sea situation. Port volume reached 828,868 TEUs in Q3FY24, returning to levels similar to Q4FY23.

Commenting on the results: Eng. Khalid Suleimani, Group CEO, SISCO said:

“I am pleased to report that SISCO has continued to demonstrate strong growth and operational performance in Q3FY24, with revenues improving by 23.8% compared to Q3FY23. Our Ports segment, which remains a key growth driver, saw a significant increase, leading to robust results despite the Red Sea challenges.

Net income remains strong, despite the one-off payment of SAR 25 million to Zakat. Another highlight of the quarter is the impressive recovery in the Red Sea Gateway Terminal, highlighting it’s resilience.

We are also excited to announce the Multi-Purpose Terminals (MPT) concession, which will allow us to expand operations across all non-containerised port facilities in the Red Sea Gateway Terminal. This strategic initiative positions SISCO to capture further growth opportunities domestically and internationally.

Looking ahead, we remain committed to executing our five-year strategy to double revenues by 2026 and continue delivering long-term value to our shareholders.”

View original content:https://www.prnewswire.co.uk/news-releases/sustainable-infrastructure-holding-company-sisco-q3fy24-revenue-excluding-accounting-construction-revenue-increases-by-23-8-to-341-8-million-302307352.html

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