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Minister Vandal announces investments in clean energy projects to help reduce diesel use in Nunavut

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RANKIN INLET, NU, July 29, 2024 /CNW/ – Indigenous-led clean energy projects play an important role in reducing the use of costly and polluting diesel for electricity and heating in Northern and Arctic communities and support local jobs and economic development.

Today, the Honourable Dan Vandal, Minister of Northern Affairs and David Kakuktinniq, President of Sakku Investments Corporation, announced over $19 million in federal funding for three clean energy projects that will increase renewable energy generation in Rankin Inlet, Baker Lake, and Naujaat, Nunavut.

Funding will support the construction of a 1.0 + megawatt solar and battery energy storage facility in Naujaat, which currently relies entirely on diesel to meet its electricity needs. This new facility will supply 30% of the community’s electricity demand with locally-produced renewable energy. The project name “Ikayuut” was chosen by the Hamlet Council of Naujaat. It comes from the Inuktitut word “Ikayuuti,” meaning “help, support, or resources,” and speaks to how the project will help support Naujaat’s power grid. Construction is set to start in the summer of 2024.

The federal government is also providing funding for early-stage work on three solar installations on buildings owned by Sakku Properties Ltd., a subsidiary of Sakku Investments Corporation, in Rankin Inlet. The systems will result in 300kW of installed generation capacity, which would reduce diesel and greenhouse gas emissions by more than 56,000 litres and 178,000 kilograms each year. The systems are expected to generate solar power for the community by 2025.

Funding is also being provided for the Baker Lake and Rankin Inlet Wind Energy Development Projects to undertake research and development of wind energy generation to reduce the communities’ reliance on diesel. They will incorporate traditional Inuit knowledge into community input-driven wildlife studies for wind development in northern Canada while supporting local labour, capacity building, training and economic development.

These Inuit-led clean energy initiatives are foundational to Nunavut’s energy transition. Canada is working directly with Indigenous communities to advance self-determination while building a low-emission energy future and creating economic prosperity, security and more resilient communities.

Quotes

“Sakku is pleased to partner with the Government of Canada to deliver renewable energy infrastructure projects for the Kivalliq region. Investing in a clean energy future for Nunavut is critical as our region grows and we shift away from burning fossil fuels, which is vital to protecting our lands, waters and communities for generations to come.” 

David Kakuktinniq
President and CEO of Sakku Investments Corporation

“As the Regional Inuit Association promoting the interests and rights of the Inuit of the Kivalliq, we are pleased to support Sakku Investments in advancing these important energy projects. It is critical that we fight climate change, build infrastructure that supports economic growth, and change the legacy of diesel fuel that is shipped through sensitive Arctic waters. I’d like to thank the Government of Canada for partnering with us to ensure energy infrastructure in Nunavut is a priority. Let’s continue to build a stronger, greener future.” 

Kono Tattuinee
President of the Kivalliq Inuit Association

“It is great to be back in the Kivalliq Region to announce support for new community-led clean energy initiatives. They are crucial to tackling climate change and growing a clean energy economy in the North. These Inuit-led and delivered initiatives will reduce pollution, save money, and create good jobs in Nunavut.”

The Honourable Dan Vandal, P.C., M.P.
Minister of Northern Affairs and Minister responsible for CanNor

“In Nunavut and across the country, clean energy presents an enormous economic opportunity that will also help people save money on their energy bills and keep the air clean. Supplying people in Rankin Inlet, Baker Lake, and Naujaat with clean energy will make a real difference in their lives and help fight climate change.”

The Honourable Jonathan Wilkinson
Minister of Energy and Natural Resources

“Helping advance Indigenous-led climate action projects, such as the Ikayuut Solar and Energy Storage Project, is critical to building a low-carbon economy and will help reduce the use of diesel in Canada’s Northern and Arctic regions. This project will be a shining example to other communities seeking to implement solar energy technologies and other renewable energy projects in the North and beyond.”

– The Honourable Steven Guilbeault, Minister of Environment and Climate Change

Quick facts

The federal government is investing $18.45 million toward a solar and energy storage facility in Naujaat, including:$6.5 million through the Clean Energy for Rural and Remote Communities Program;$5.9 million through Environment and Climate Change Canada’s Low Carbon Economy Fund;$1,050,000 under Natural Resources Canada’s (NRCan’s) Indigenous Off-Diesel Initiative; and$5 million through the Indigenous Community Infrastructure Fund, delivered by Crown-Indigenous Relations and Northern Affairs Canada (CIRNAC) and administered by Nunavut Tunngavik Incorporated.Through CIRNAC’s Northern REACHE Program, the Government of Canada is investing $220,000 in the early project development work for solar photovoltaic installations on three Sakku Properties Ltd buildings, a subsidiary of Sakku Investments Corporation, in Rankin Inlet.The Northern REACHE program supports Indigenous and northern communities’ transition away from diesel fuel for electricity and heating by promoting and funding renewable energy technologies such as solar, wind, hydroelectricity, and biomass heating. To date, Northern REACHE has supported a total of 222 clean energy projects in the North with an investment of over $102 million, including 47 projects in Nunavut.NRCan is providing 1,313,282$ in funding for the Baker Lake and Rankin Inlet Wind Energy Development Projects under the Clean Energy for Rural and Remote Communities Program (CERRC).The CERRC program provides funding for renewable energy and capacity-building projects to reduce the reliance on fossil fuels for heating and electricity in Indigenous, rural and remote communities across Canada. Supporting Indigenous leadership and collaborating on solutions to reduce reliance on fossil fuels in Northern communities for First Nations, Inuit and Métis is central to advancing the reconciliation journey and self-determination.Launched in 2019 and developed with Indigenous representatives and six territorial and provincial governments, Canada’s Arctic and Northern Policy Framework is a long-term vision for the Arctic and the North, reflecting the priorities and perspectives of the Arctic and northern people.

Associated links

Sakku Investments Corporation
Kivalliq Inuit Association
Low Carbon Economy Fund
Clean Energy for Rural and Remote Communities Program
Indigenous Off-Diesel Initiative

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SOURCE Indigenous Services Canada

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Precision Meets Power: Vantage Marks 15 Years with New Anniversary Video, “The Ultimate Trading Machine”

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PORT VILA, Vanuatu, Nov. 14, 2024 /CNW/ — Celebrating 15 years of excellence, leading multi-asset broker Vantage Markets (or “Vantage”) has launched a video titled “The Ultimate Trading Machine*”, a tribute to 15 years of innovation, precision, and the relentless pursuit of empowering traders globally. The video encapsulates Vantage’s journey and reflects the bold, ambitious spirit of the brand.

 

“In the pursuit of excellence, precision and speed are everything,” the video states. For 15 years, Vantage has been at the forefront of innovation, continuously evolving to meet the needs of traders. From launching tools like the proprietary mobile app and Copy Trading platform, to integration with TradingView. In a latest assessment done by Investing.com, Vantage emerged top across multiple key metrics, including leverage, spread value, spread stability, no-slippage rate, market depth, and swap competitiveness, conducted during one of the most volatile periods – the U.S. elections. Vantage has consistently set new standards, solidifying its position as a global leader in online trading.

Since its inception, the company has secured licences in the UK, Australia, South Africa, the Cayman Islands, and Vanuatu, establishing itself as a trusted and regulated broker. Through the years, Vantage has been committed to being a model brand for traders, forging partnerships with esteemed organisations such as NEOM McLaren Extreme E, UNESCO, and UNHCR, ensuring that it contributes positively to society as well.

“For 15 years, Vantage has fueled ambition with tools that empower traders to unlock their full trading potential,” said Marc Despallieres, Chief Strategy and Trading Officer. “The Ultimate Trading Machine’ isn’t just a tagline—it’s our dedication to precision and progress.”

Geraldine Goh, Chief Marketing Officer, added, “This video captures Vantage’s journey—15 years of innovation, ambition, and dedication to empowering traders. Our goal is to inspire traders to aim higher, knowing Vantage will always be there, pushing the limits alongside them.”

Vantage’s journey continues with a focus on setting new industry standards, delivering cutting-edge features, and empowering traders to succeed.

Experience Vantage’s 15-year journey and see “The Ultimate Trading Machine” in action here.

Learn more about Vantage’s 15 anniversary here.

About Vantage

Vantage Markets (or Vantage) is a multi-asset CFD broker offering clients access to a nimble and powerful service for trading Contracts for Difference (CFDs) products, including Forex, Commodities, Indices, Shares, ETFs, and Bonds.

With over 15 years of market experience, Vantage transcends the role of broker, providing a trusted trading ecosystem, an award-winning mobile trading app, and a user-friendly trading platform that empowers clients to seize trading opportunities. Download the Vantage App on App Store or Google Play.

trade smarter @vantage

RISK WARNING: CFD trading carries significant risks. You could lose more than your initial investment.

*’The Ultimate Trading Machine’ is a marketing term and does not imply guaranteed performance.

View original content to download multimedia:https://www.prnewswire.com/news-releases/precision-meets-power-vantage-marks-15-years-with-new-anniversary-video-the-ultimate-trading-machine-302304140.html

SOURCE Vantage

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J&T Express Exceeds 100 Million Global Parcels Handled in a Single Day During Double 11, Driven by Strong Growth Across Multiple Regions

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HONG KONG, Nov. 14, 2024 /PRNewswire/ — J&T Global Express Limited (“J&T Express” or “J&T” or “the Company”, stock code: 01519), a global logistics service provider, announced a new milestone in its growth trajectory, surpassing 100 million parcels handled worldwide in a single day during this year’s Double 11 shopping festival on November 12th.

Double 11 is a traditional peak season for China and Southeast Asia. From October 20 to November 12, J&T Express saw significant growth in parcel volume in both markets. In China, the daily average parcel volume during this period reached nearly 66 million, a 25% year-over-year (“YoY”) increase, setting a new record. In Southeast Asia, the daily average parcel volume from November 1 to 11 exceeded 15 million, marking an impressive 73% YoY growth.

In anticipation of the expected surge in parcel volumes during the multiple year-end shopping festivals, J&T Express implemented early preparations across various markets, increasing investment in infrastructure and human resources to ensure operational efficiency and service quality. In China, based on business forecasts and actual production needs, J&T upgraded and renovated 32 sorting centers nationwide, expanding operating areas and improving timeliness. Over 600 distribution hubs and outlets were also upgraded across the country, with over 400 sets of automated equipment deployed to enhance operational capacity and effectively manage the peak parcel volume.

Benefiting from the vast growth potential of Southeast Asian markets and close collaboration with e-commerce clients, J&T Express anticipated the increase in e-commerce parcel volume during Double 11 and made proactive preparations. In September and October, J&T Express Vietnam deployed over 300 trucks, and the company constructed its largest sorting center in North Vietnam, equipped with advanced operating technology and equipment, which officially commenced its operations. This center boasts a parcel handling accuracy rate of 99.99%, significantly enhancing operational efficiency.

In Thailand, J&T Express upgraded four sorting centers and five distribution hubs, adding over 13 sets of automated equipment to boost operational capacity. As a result, the peak processing capacity of sorting centers increased by approximately 25%, and the distribution hubs saw a 20% improvement. Furthermore, J&T Express Thailand expanded its sorting area by approximately 19,000 square meters, added over 900 transport vehicles, and recruited over 3,800 personnel to meet the growing demand of sorting, delivery, and customer service sectors.

In other new markets, Black Friday (November 29th) marks the largest logistics peak season in Latin America. J&T Express has observed a significant upward trend in parcel volumes in Brazil and Mexico. To address the upcoming peak, J&T Express in both countries has proactively invested in infrastructure and human resources, upgrading automated equipment to meet the high-quality express service demands of both clients and consumers.

“J&T Express exceeding 100 million global parcels handled in a single day during Double 11, setting a historic record, demonstrates our robust operational capabilities and unwavering commitment to serving our global customers,” said Charles Hou, Vice President of J&T Express. “We will continue to invest in infrastructure and resource allocation across various markets, focusing on network optimization and service enhancement to ensure efficient and reliable logistics services for global users during peak seasons, meeting the ever-growing global market demands.”

About J&T Express

J&T Express is a global logistics service provider with leading express delivery businesses in Southeast Asia and China, the largest and fastest-growing market in the world. Founded in 2015, J&T Express’ network spans thirteen countries, including Indonesia, Vietnam, Malaysia, the Philippines, Thailand, Cambodia, Singapore, China, Saudi Arabia, the UAE, Mexico, Brazil and Egypt. Adhering to its “customer-oriented and efficiency-based” mission, J&T Express is committed to providing customers with integrated logistics solutions through intelligent infrastructure and digital logistics network, as part of its global strategy to connect the world with greater efficiency and bring logistical benefits to all.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/jt-express-exceeds-100-million-global-parcels-handled-in-a-single-day-during-double-11-driven-by-strong-growth-across-multiple-regions-302305465.html

SOURCE J&T EXPRESS

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CHINT’s CHX120 Integrated DC Meters Offer a Reliable and Precise Solution

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SHANGHAI, Nov. 14, 2024 /PRNewswire/ — (CHINT )The global shift towards electric vehicles (EVs) and renewable energy solutions has increased the demand for accurate and reliable DC metering technologies. DC meters play a crucial role in charging systems, where precise energy measurement is vital to ensure transparency, efficiency, and fairness for both operators and consumers.

DC meters are primarily designed for electric vehicle charging stations, where high precision and reliability are essential. The CHINT CHX120 is an innovative DC meter designed specifically for EV charging stations and other high-demand DC metering environments. Key features include:

Integrated Design: Shunt and meter combined in a single unit, reducing space and simplifying installation.High-Precision Measurement: Accurate readings for both forward and reverse energy flows, ensuring reliable billing.Multi-Tariff and Time Period Support: Supports up to 12 tariffs and 24 time periods for flexible energy pricing.Intelligent Temperature Monitoring: Monitors temperature to ensure safe operation and extend equipment lifespan.Strong Communication Compatibility: Compatible with RS-485, Modbus, and other protocols for seamless system integration.Diverse Shunt Specifications: Offers various shunt sizes, supporting currents up to 650A for high-power applications.Dual Sealing: Features physical and electronic seals for enhanced security and tamper resistance.Strong Data Storage Functionality: Stores up to 100 charging cycles and preserves data for 10 years during power outages.

The CHX120 is perfect for electric vehicle charging stations and other DC metering scenarios where high precision, safety, and reliability are crucial. It is particularly suited for high-power charging applications and systems requiring robust performance and long-term data storage.

In summary, DC meters are essential components in modern energy systems, particularly in electric vehicle charging infrastructure. Their ability to accurately measure energy consumption, communicate data remotely, and integrate seamlessly into complex systems makes them invaluable for both operators and consumers. The CHINT CHX120 is a standout DC energy meter that combines cutting-edge technology with practical design, offering a reliable and precise solution for today’s DC metering needs.

By understanding the principles, technology, and application of DC meters, businesses and consumers can make informed decisions to optimize energy usage and improve operational efficiency.

Photo – https://mma.prnewswire.com/media/2557870/image_5019413_31239855.jpg

View original content:https://www.prnewswire.co.uk/news-releases/chints-chx120-integrated-dc-meters-offer-a-reliable-and-precise-solution-302305475.html

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