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Newfoundland and Labrador Department of Environment and Climate Change Advances EverWind Burin Peninsula Green Hydrogen and Ammonia Project

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EverWind Advances Green Fuels Project to Environmental Impact Statement, Aiming to Deliver Significant Economic and Environmental Benefits for Newfoundland and Labrador 

BURIN PENINSULA, NL, Oct. 29, 2024 /PRNewswire/ – EverWind is pleased to announce that on October 25th, 2024, Newfoundland and Labrador’s Department of Environment and Climate Change issued a letter to EverWind Fuels on its recently filed Environmental Assessment Registration, advancing the project to the next stage. The letter stipulates the requirement for an Environmental Impact Statement (EIS) to be conducted by EverWind, a step EverWind had recommended in its Environmental Assessment Registration. This decision aligns with the work EverWind will conduct to ensure the highest environmental and community stewardship standards are adhered to throughout the project. EverWind’s EIS will address specific environmental, social and economic impacts that may result from the project and where necessary propose mitigation measures to address them. The full scope of the EIS will cover a wide range of topics and include comprehensive studies on the following: 

Project scope. 

Greenhouse gas emissions. 

Waste management plans. 

Erosion and sediment control measures. 

Effluent streams and outfall locations.  

Noise, shadow flicker and solar glare.  

Location of the project and project components. 

Flora and Fauna studies. 

Occupational information. 

Potential impacts on provincial roads and bridges.  

While EverWind undertakes the EIS, critical wind data collection and analysis remains underway, in collaboration with wind turbine OEMs, aiming to design a turbine suitable for the strength of Newfoundland’s wind regime. As this analysis progresses, EverWind will develop a layout for the Lower Burin Peninsula wind project site and develop a solution to ensure that the project does not require significant interconnection to the Newfoundland and Labrador grid.  

Additionally, EverWind has been progressing work with the Department of Industry, Energy and Technology and the Department of Fisheries, Forestry and Agriculture on the reduction of our Crown Land reservation area. Together, we are striving to minimize the reservation of unnecessary land by over half of what was awarded to reflect the project’s need accurately, and we continue to prioritize alignment with the communities and the recreational and conservation values of the residents of Burin Peninsula.

As part of the EA registration, EverWind remains committed to continued engagement with communities across the Burin Peninsula, having already completed over 50 information sessions since 2022. In addition, EverWind is dedicated to ongoing collaboration with Indigenous communities and organizations by engaging in thorough consultation and providing a comprehensive partnership throughout project development.   

 EverWind’s regional office is located at 215-217 Ville Marie Drive in Marystown. Community members are encouraged to visit, share insights, and learn more about the Project. The office is open Monday through Thursday from 8:30 AM to 4:30 PM and on Fridays by appointment only. For information on the project, as submitted in our Environmental Assessment Registration, please visit the Government of Newfoundland and Labrador’s Department of Environment and Climate Change website or follow the link here: Burin Peninsula Green Fuels Project EARD 

Quotes 

“We are dedicated to working hand in hand with residents of the Burin Peninsula and every level of government to see this project take shape with environmental stewardship at the forefront. This project will result in direct economic benefits and jobs for Newfoundlanders, Labradorians, and their communities. It will position Newfoundland and Labrador as a leader in the green fuels industry for Canada and the world.” Trent Vichie, Founder and CEO EverWind Fuels.  

“This project represents an incredible opportunity for the residents of the Burin Peninsula. We have an industrial history that stretches back generations. This project will build on our legacy and can make us the leader that Newfoundland needs to be in the green energy and green fuels industry.” Harold Murphy, Mayor of Parker’s Cove and Vice Chair Burin Peninsula Energy Board. 

About EverWind   

EverWind is North America’s leading independent green hydrogen developer, currently developing of a pipeline of 15GW of renewables across Atlantic Canada, and the first in North America to complete FEED engineering for a large-scale green hydrogen production facility. EverWind is developing one of the world’s largest green fuels projects on the Burin Peninsula in Newfoundland & Labrador. This project will be critical in delivering the scale and competitive wind resource required to support the green energy transition ambitions of some of the largest industrial companies in the world. EverWind has collected over 18 months of environmental data and is executing the largest wind measurement campaign in the Province. EverWind continues to engage with communities and stakeholders on the Burin Peninsula and work closely with the Government of Newfoundland and Labrador to ensure the economic, social and environmental prosperity of the region for generations to come.  

EverWind is also concurrently developing a sister green fuels project at Point Tupper in Nova Scotia. The Point Tupper Project received the first Environmental Approval in North America for a large-scale green hydrogen project, and is significantly advanced in design, engineering, and development for the first phase of both its green energy generation projects and the production facility which will convert this energy into green hydrogen and green ammonia. EverWind owns and operates the Point Tupper Transshipment Terminal, which is the deepest ice-free berth on the East Coast of North America, with world class access to rail, roads, and pipelines. Our safety-first culture, evidenced through 19 years without a lost time injury, reflects a highly skilled and extensively certified workforce.  

EverWind is led by Trent Vichie, a co-founder of Stonepeak Infrastructure Partners, and a former Blackstone Partner. EverWind’s development team consists of over 20 members who have previously held senior positions at various infrastructure, private equity, renewable power, engineering, and utility companies. EverWind is supported by a local team of Newfoundland & Labrador based partners including Strum Consulting, ICI Innovations, Caron Hawco Group, Angler Solutions, Eunoia Consulting, McInnes Cooper, Robot Interactive and Edwards & Associates.  

View original content to download multimedia:https://www.prnewswire.com/news-releases/newfoundland-and-labrador-department-of-environment-and-climate-change-advances-everwind-burin-peninsula-green-hydrogen-and-ammonia-project-302289642.html

SOURCE EverWind Fuels

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MEMS Drive: Paving the Way for Super-High Image Resolution

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TAIPEI, Dec. 26, 2024 /PRNewswire/ — Fabless chip firm MEMS Drive Hong Kong Ltd manufactures cutting-edge MEMS actuators targeted at mobile imaging in portable electronics. The company uses its proprietary MEMS design and process to allow CMOS sensors to achieve swift and precise ‘SensorShift’ and is the first semiconductor company to implement 5-axis stabilization in mobile cameras.

“With edge computing capabilities steadily advancing, MEMS Drive utilizes precise movement matching algorithms and artificial intelligence [AI] to derive multiple image-enhancing features besides just stabilization, such as super-resolution and improving identification capabilities,” says Colin Kwan, CEO and President of MEMS Drive during an interview with EE Times Asia. “MEMS SensorShift-driven image sensors overturn traditional voice coil motors [VCMs], and could be applied to mobile phones, sports cameras, wearable tech, surveillance, autonomous vehicles, robotic vision and other products, bringing unlimited possibilities to the future of imaging systems.”

It is for these reasons that the company won an Innovation Award and Best Sensor of the Year award for its piezo technology-enabled autofocus actuator and optical image stabilizer (OIS) actuator at EE Awards Asia 2024. Now in its fourth year, EE Awards Asia honors some of the best products, companies, and leaders making a difference every day in Asia’s electronics industry.

The MEMS autofocus (AF) actuator is a piezoelectric multi-morphic thin film actuator that can move at Z-axis and tip-tilt directions to achieve a 3-axis compensation. The MEMS devices are designed to be based on standard silicon fabrication processes, thereby enabling good scalability and ease of handling, testing, and packaging.

According to Colin, this sensor-based technology offers multiple advantages. “It provides 3-axis image adjustments as compared to 1-axis counterparts on lens-based AF systems; it also moves three times faster and 10 times more precise by detecting positions of less than a pixel, compared to 3-5µm on lens-based AF,” he explains. “And finally, by not using a motor to move the lens around, it consumes up to 50 times less power and avoids heating problems that could affect the image’s quality.”

Meanwhile, its OIS, known as SensorShift, is said to be the world’s smallest MEMS OIS actuator. It provides a 5-axis OIS solution to improve clarity and achieve stable and precise image.

“All vibrations in pitch, yaw, roll, translational X, and translational Y can be compensated with a single MEMS chip,” says Colin. “Due to its high precision and fast response in active movement, we can achieve another application called super resolution. By shifting the imager 1 pixel or half a pixel in different directions, capturing the image at each position, and then merging and processing those images, we can get a 4X or even higher-resolution image.”

Colin notes that compared to traditional lens-based OIS, MEMS Drive’s MEMS OIS is a sensor shift solution that provides superior stabilization performance with multiple advantages, including a 10ms fast response, just 4mW of power consumption, sub-pixel precision, and high image resolution in low light and video without blur.

“Powered by our patented electrical conductive flexure [ECF] technology, the MEMS Drive actuator provides consistent, durable performance,” says Colin. “With over 2.5 billion test cycles completed in continuous operation, these innovations are crucial for ensuring the highest standards in automotive applications and safety.”

MEMS Drive’s technology is suitable for smartphones, automotive, wearable technologies such as AR/VR camera systems, sports cameras, smart city applications, and robotic vision.

In this video interview, Colin also talks about his outlook for the semiconductor and electronics manufacturing industry over the next year, upcoming challenges amid the increasingly complex designs and architectures, and the new opportunities in the market.

For more information about MEMS Drive Hong Kong Limited and its innovative solutions, please visit: memsdrive.com
Youtube / Bilibili : MEMSDrive
LinkedIn: MEMS Drive

View original content to download multimedia:https://www.prnewswire.com/news-releases/mems-drive-paving-the-way-for-super-high-image-resolution-302338882.html

SOURCE EE Times Asia

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Nodepay Raises $7M Total Funding To Power AI Growth with Real-Time Data Infrastructure

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SINGAPORE, Dec. 27, 2024 /PRNewswire/ — Nodepay, a decentralized AI platform transforming unused internet bandwidth into real-time data pipelines for AI training, today announced it has raised a second round of funding, bringing its total to $7 million.

The latest funding round welcomed new strategic investors IDG Capital ($23 Billion AUM), Mythos, Elevate Ventures, IBC, Optic Capital, Funders.VC, Matthew Tan (Etherscan founder) and Yusho Liu (CoinHako Co-founder & CEO) as notable angels. They join an impressive roster of previous backers that includes Animoca Brands, Mirana, OKX Ventures, JUMP Crypto, Tokenbay Capital and more.

Nodepay’s network taps into a global community of users running privacy-protected nodes. By sharing their spare internet bandwidth, these participants earn rewards for creating a real-time data source that improves AI inference with accurate, timely information—an approach known as Retrieval Augmented Generation (RAG).

Darren Nguyen, co-founder of Nodepay commented: “Our mission is to develop solutions that create tangible value for both AI developers and its end users. We give contributors a share in the AI ecosystem they help fundamentally build.”

Nodepay’s infrastructure platform integrates real-time data retrieval, a Web3-focused decentralized answer engine, reinforcement learning for more accurate model output, and gamified human verification. Together, these components combine to create a fair, collaborative, and innovative AI ecosystem.

Eric Le, investment director of IDG Capital, said, “The team at Nodepay is democratizing the AI economy by providing a platform that allows users to share directly in the value they create. We’re proud to support their vision of making AI more accessible and beneficial to all.”

With this funding, Nodepay will continue to commercialize its infrastructure to benefit both its community and partner AI labs. As it prepares to launch on Solana, Nodepay stands ready to lead the next era of decentralized AI development and training.

Already serving over 1.5 million active users worldwide, Nodepay continues to expand its reach, solidifying its role as a leader in the integration of AI and blockchain technology. Users can expect further updates and new announcements through their social channels and official website.

About Nodepay
Nodepay is a decentralized AI platform dedicated to democratizing AI training through real-time data retrieval. By turning idle internet bandwidth into a valuable resource, Nodepay fuels the next generation of AI models and stands at the forefront of AI decentralization.

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View original content:https://www.prnewswire.co.uk/news-releases/nodepay-raises-7m-total-funding-to-power-ai-growth-with-real-time-data-infrastructure-302339478.html

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Plume Network Partners with Maseer to Tokenize $200M of Carbon Allowances

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NEW YORK, Dec. 26, 2024 /PRNewswire/ — Plume Network is proud to announce a strategic partnership with Maseer, an Abu Dhabi based tokenization platform, to bring $200M in Carbon Allowances exclusively on-chain to Plume. Built on Plume’s Real-World Asset Finance (RWAfi) ecosystem, Maseer will offer a tokenized solution to one of the fastest-growing alternative asset classes: compliance carbon.

Empowering Climate Action Through Compliance Carbon Tokenization

Compliance carbon has been one of the fastest growing alternative asset classes given increased regulatory and business scrutiny on emissions. The S&P Global Carbon Credit Index, which tracks the most liquid segment of the tradable carbon credit futures markets, has seen a 15.68% annualized return over the past five years. The value of these markets reached nearly one trillion USD in 2023.

The partnership with Plume Network allows Maseer to bring fully collateralized carbon products on-chain, where they will be fully compatible with Web3’s potent DeFi sector. DeFi integration vastly enhances compliance carbon markets with superior liquidity solutions and greater access to a global body of investors, broader market demand, and new yield sources.

“We are excited to partner with Plume to bring carbon allowances on chain. Plume is uniquely positioned to bring this vision to fruition because they are the only chain purpose built for RWAs. They’ve raised the bar with their tokenization engine, infrastructure tooling, and ecosystem network effects. We believe Plume is on the bleeding edge of on-chain adoption of RWAs,” said Bradley Allgood, CEO of Maseer.

“Energy transition is an asset category that we have been increasingly focused on at Plume because of growing demand for climate action, both from a government and corporate sustainability perspective. Volumes for the global carbon credit market are forecasted to grow at a 39% CAGR from 2024 to 2033,” said Teddy Pornprinya, Chief Business Officer and Co-Founder at Plume Network.

What are carbon allowances?

Compliance carbon allowances trade under cap-and-trade programs known as Emissions Trading Systems (ETS). These systems create transparent, liquid markets that are government-mandated and regulated. As of April 1, 2024, approximately 18 percent of global greenhouse gas emissions are covered by emissions trading systems (ETS). Carbon allowances are distinct from project-based carbon offsets and offer a market-based approach to regulating a region’s emissions, with mandatory participation for specified industries. Carbon allowance supply is managed by government agencies and adjusted primarily through an annually declining cap. 

About Plume
Plume is the first fully integrated L1 modular blockchain focused on RWAfi, offering a composable, EVM-compatible environment for onboarding and managing diverse real-world assets. With 180+ projects on its private devnet, Plume provides an end-to-end tokenization engine and a network of financial infrastructure partners, simplifying asset onboarding and enabling seamless DeFi integration for RWAs. Learn more at https://www.plumenetwork.xyz/ or contact press@plumenetwork.xyz

About Maseer
Maseer operates out of Abu Dhabi Global Market (ADGM), the world’s leading Special Economic Zone (SEZ) for digital asset innovation. Maseer is led by Tokenization and Free Zone Veteran Bradley Allgood and is focused on the design of bringing real world assets on chain to be fully interoperable with DeFi. Maseer has developed strategic relationships with Sovereign Nations and Large Enterprises to identify the highest quality real world assets around the world.

View original content to download multimedia:https://www.prnewswire.com/news-releases/plume-network-partners-with-maseer-to-tokenize-200m-of-carbon-allowances-302339461.html

SOURCE Plume Network

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