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Government of Canada Passes Legislation to Seize the Enormous Economic Opportunity Offshore Wind Presents for Nova Scotia and Newfoundland and Labrador

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OTTAWA, ON, Oct. 3, 2024 /CNW/ – The offshore renewable energy sector presents a generational economic opportunity for Canada, with the global offshore wind market alone forecast to attract one trillion dollars in investment by 2040. Canada, in partnership with Nova Scotia and Newfoundland and Labrador, is working to seize this unprecedented economic opportunity and create jobs for Atlantic Canadians.

Today, Bill C-49: An Act to amend the CanadaNewfoundland and Labrador Atlantic Accord Implementation Act and the Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act, received Royal Assent. Developed in partnership with the Government of Nova Scotia and the Government of Newfoundland and Labrador, this legislation will help unlock the enormous potential of offshore renewable energy, to generate thousands of jobs while attracting billions in investment and creating new economic opportunities in Nova Scotia and Newfoundland and Labrador.

By harnessing the world-class wind resources in the Atlantic offshore, we are positioning Canada as the leading supplier of clean energy, including the clean hydrogen countries like Germany are looking to buy, while continuing to decarbonize our electricity grids here at home. This legislation advances the priorities identified through the Regional Energy and Resource Tables in Nova Scotia and Newfoundland and Labrador, including seizing the opportunity clean energy presents.

The Government of Canada is working with the Governments of Nova Scotia and Newfoundland and Labrador to develop offshore renewable energy resources, enabling the provinces to capitalize on their existing strengths and accelerate offshore wind development safely and responsibly. Nova Scotia has already adopted mirror legislation, with Newfoundland and Labrador expected to do the same in the coming weeks.

Canadian workers and businesses are well positioned to seize the enormous economic opportunity clean energy presents, in Atlantic Canada and beyond. Today’s legislation underscores Canada’s commitment to deliver prosperity, create new clean energy opportunities, strengthen the economy, create thousands of jobs and better protect Canada’s environment.

Quotes

“Bill C-49 enables Atlantic Canada to seize the generational economic opportunity presented by offshore renewable energy. It will strengthen the economy, enable the creation of thousands of jobs and attract billions in investments in Nova Scotia and Newfoundland and Labrador. These opportunities would not have been possible without the close collaboration of the Premiers of Newfoundland and Labrador and Nova Scotia, Andrew Furey and Tim Houston, and Atlantic Canada’s Members of Parliament, who fought and delivered for the people of Nova Scotia and Newfoundland and Labrador.”

The Honourable Jonathan Wilkinson
Minister of Energy and Natural Resources

“Bill C-49 is important to Nova Scotia meeting its offshore wind targets. Investors are lining up to harness our wind power and produce clean energy for green hydrogen and other uses. Now that this bill has passed, along with our own provincial mirror legislation, we are well on our way to developing our offshore wind industry hand in hand with our federal partners, starting with issuing our first call for bids next year.”

The Honourable Tory Rushton
Minister of Natural Resources and Renewables, Government of Nova Scotia

“Bill C-49 ensures the necessary measures are in place to support offshore renewable energy opportunities; allows for a fiscal regime that provides the maximum economic returns to Newfoundland and Labrador; and furthers joint management of the offshore area while building upon the extensive expertise the C-NLOPB has in managing offshore projects.”

The Honourable Andrew Parsons, KC
Minister of Industry, Energy and Technology, Government of Newfoundland and Labrador

“I was honoured to sponsor a bill of such significant economic and environmental importance to my province. I look forward to seeing the positive impacts of Bill C-49, as this historic bill presents a generational opportunity for Newfoundland and Labrador, Nova Scotia and Canada as a whole.”

The Honourable Iris G. Petten, Senator for Newfoundland and Labrador,
Senate of Canada

Quick Facts

This legislation establishes a joint management regulatory framework for offshore renewable energy development

Bill-49 includes amendments to the Accord Acts that:establish the framework to develop offshore renewable energy;change the Canada-Nova Scotia Offshore Petroleum Board’s name to the Canada-Nova Scotia Offshore Energy Regulator (CNSOER);change the CanadaNewfoundland and Labrador Offshore Petroleum Board’s name to the CanadaNewfoundland and Labrador Offshore Energy Regulator (C-NLOER);expand the mandates of the CNSOER and the C-NLOER to include the regulation of offshore renewable energy projects;improve alignment between the Accord Acts and the Impact Assessment Act (IAA);provide tools to support the Government of Canada’s marine conservation agenda; andmodernize the land tenure regime for offshore petroleum development.

Related Information

Building Offshore Renewables in Newfoundland and Labrador and Nova ScotiaGovernments of Canada and Newfoundland and Labrador launch regional assessment to support future decisions on offshore wind projects in the provinceGovernments of Canada and Nova Scotia launch regional assessment to support future decisions on offshore wind projects in the provinceThe Offshore Renewable Energy Regulations InitiativeCanada Offshore Renewable Energy Regulations

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SOURCE Natural Resources Canada

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Olymptrade hits its 10th year with a focus on care that counts

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BELMONT, St. Vincent and the Grenadines, Oct. 4, 2024 /PRNewswire/ — Olymptrade, an online trading platform, is marking its 10th anniversary with a refreshed look and renewed focus on supporting its traders across the globe. As part of the milestone, Olymptrade has unveiled its new name, logo and redesigned platform, including a streamlined Olymptrade login page — all under the slogan, “Care that counts.”

Olymptrade’s rebranding reflects its commitment to making the trading experience smoother and more accessible. Over the past 10 years, more than 100 million traders from 130 countries have chosen Olymptrade for their trading journey. The platform’s updated look reinforces its dedication to putting traders first, ensuring they have the support they need to trade with confidence.

In celebration of its 10th anniversary, Olymptrade is also hosting a series of community events throughout October, giving traders a chance to share their success stories and win prizes. Details about these events can be found on Olymptrade’s social media pages.

Olymptrade’s rebranding reflects its ongoing focus on delivering a reliable and accessible trading platform and a user-friendly mobile app, all while continuing to support traders at every step of their journey through its philosophy of “Care that counts.”

Olymptrade. Care That Counts.

Photo – https://mma.prnewswire.com/media/2521652/Olymptrade_Newswire.jpg

View original content:https://www.prnewswire.co.uk/news-releases/olymptrade-hits-its-10th-year-with-a-focus-on-care-that-counts-302265577.html

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Forrester Announces Full Conference Agenda For Technology & Innovation Summit APAC 2024

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The event will equip technology, data, and security leaders with the latest research and insights to achieve a high-performance IT strategy that accelerates business outcomes

SYDNEY, Oct. 4, 2024 /PRNewswire/ — Forrester (Nasdaq: FORR) today announced the full conference agenda for its Technology & Innovation Summit APAC 2024, set to take place on October 29 in Sydney and also available digitally. According to Forrester, 92% of technology leaders plan to increase their budget investments in data management and AI, indicating a commitment to enhance their AI capabilities. But without a strategic approach rooted in the principles of high-performance IT, these investments risk being squandered.

Themed “Unleash The Power Of Tech, Talent, And AI,” this year’s Summit will present the latest research, tools, and frameworks to help technology, data and analytics, and cybersecurity leaders build a strong tech foundation to meet evolving business needs and a future dominated by AI.

Speakers at Technology & Innovation Summit APAC include top Forrester analysts and industry leaders such as Tracy Deveugle-Frink, head of digital products at Western Power, who will share how the company is transforming IT from a project-based to an agile, product-focused model, using alignment, trust, and adaptivity as core principles. Other noteworthy sessions on the agenda include:

Unleash Your Potential With High-Performance IT In An Age Of AI. This keynote will dive into how firms can align and adapt technology to changing business dynamics through the four investment styles of high-performance IT.Cultivate An Adaptive Mindset For High-Performance IT. This session breaks down what exactly defines an adaptive mindset and how these parameters shift as AI and automation integrate into the business model.High-Performance IT: Success Or Failure? This keynote covers how tech leaders should measure for success and drive cross-functional alignment to power business results.Who Is Your CISO? Understand Their Background To Reduce Risk And Bolster Trust. Tech leaders will learn how they should partner with their CISOs to build alignment and trust for their overall tech strategy.

“Technology, data, and security leaders are facing increasing pressure to deliver returns on their tech investments,” said Frederic Giron, VP and senior research director at Forrester. “To navigate the unique economic landscape of the Asia Pacific region and meet growing demands for digital and AI sovereignty, tech leaders must collaborate and invest in technologies and capabilities that drive high performance. At Technology & Innovation Summit APAC, leaders will come away with the actionable insights they need to improve business results with technology.”

Forrester will also honor the recipients of its Technology Awards, companies in Asia Pacific that align technology with business objectives through their IT strategies and enterprise architecture innovation, respectively. The winners will also have the opportunity to share their success stories at Technology & Innovation Summit APAC.

In-person attendees will experience facilitated discussions, exclusive one-on-one access to Forrester analysts, and special sessions, including the Women’s Leadership Forum and the Executive Leadership Exchange, an exclusive peer networking program targeted at C-level leaders. Digital attendees will have access to all conference sessions and sponsors via the event platform.

Resources:

Register to attend Forrester’s Technology & Innovation Summit APAC 2024.View the full agenda and speakers for Technology & Innovation Summit APAC 2024.Members of the press interested in attending, please contact press@forrester.com.

About Forrester
Forrester (Nasdaq: FORR) is one of the most influential research and advisory firms in the world. We help leaders across technology, customer experience, digital, marketing, sales, and product functions use customer obsession to accelerate growth. Through Forrester’s proprietary research, consulting, and events, leaders from around the globe are empowered to be bold at work — to navigate change and put their customers at the center of their leadership, strategy, and operations. Our unique insights are grounded in annual surveys of more than 700,000 consumers, business leaders, and technology leaders worldwide; rigorous and objective research methodologies, including Forrester Wave™ evaluations; and the shared wisdom of our clients. To learn more, visit Forrester.com.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/forrester-announces-full-conference-agenda-for-technology–innovation-summit-apac-2024-302267432.html

SOURCE Forrester

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Graid Technology and INFINITIX Turn Your SuperPOD into a Real Business Opportunity at Tech Week Singapore

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SINGAPORE, Oct. 4, 2024 /PRNewswire/ — Graid Technology and INFINITIX are excited to announce their joint participation in Tech Week Singapore 2024, taking place at Big Data & AI World. Visitors can explore a range of cutting-edge solutions at booth R120, including highlights on how Graid and INFINITIX provide the most efficient, economical, and secure infrastructure solutions for the SuperPOD architecture in real business environments.

INFINITIX’s flagship product, AI-Stack, is at the forefront of this showcase, a proven industry-leading AI infrastructure management platform designed to streamline AI adoption for enterprises and optimize AI computing resources for AI data centers. Features advanced technologies such as third-generation GPU partitioning and aggregation, distributed training, auto-scaling inference across fractional GPUs/multi-GPUs/multi-servers, heterogeneous GPU management, storage management integrated with high-performance storage for computing/object storage for users, high-speed networking management, easy integration/hosting of open-source/3rd party AI frameworks/tools/applications, seamless workload deployment, providing user self-service and operation portal with a user-friendly interface, AI-Stack empowers businesses to overcome the complexities of rapid AI evolution with ease and efficiency.

In addition, Graid Technology will introduce its latest collaborative solution, The Supreme Storage Solution, specifically designed for high-performance AI and HPC applications. This solution integrates SupremeRAID™ SR-1010 by Graid Technology and BeeGFS to harness all-flash servers. The dual controller delivers outstanding performance, with tests showing data transfer speeds of more than 80Gb/s by 2x 400 Gb IB networks. The system supports node-to-node communication (heartbeat) and hardware HA functionality with hardware protection, ensuring reliability and efficiency in demanding environments. Optimized for industries such as AI, HPC & ML, media & entertainment, and life sciences, Supreme Storage Solution is the ideal solution for complex computational workloads.

At Tech Week Singapore 2024, Graid Technology and INFINITIX will showcase comprehensive solutions designed for the big data and AI world, which suit SuperPOD architecture, providing the most efficient, cost-effective, and secure options. These solutions are crafted to help bring your big data AI applications to market seamlessly, enhancing performance and driving innovation.

Join Graid Technology and INFINITIX at Tech Week Singapore 2024 to explore the latest solutions for the big data & AI world.

Event information

When: October 09-10, 2024 

Where: Marina Bay Sands Expo & Convention Centre 

Find Us: The Big Data & AI world, Booth R120 

For more information, please visit:
https://www.graidtech.com/graid-featured-tech-week-singapore2024/

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/graid-technology-and-infinitix-turn-your-superpod-into-a-real-business-opportunity-at-tech-week-singapore-302267037.html

SOURCE Graid Technology Inc.

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