Technology
Return and Verified Announce First 100% Wind-Powered Direct Air Capture Hub, Designed To Scale to 500,000 Tons Annually
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9 hours agoon
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‘Project Concho’ Combines Proven DAC Technology, New Local Wind Power And Texas’ Carbon Storage Capacity
SAN ANGELO, Texas, Nov. 21, 2024 /PRNewswire/ — Carbon capture and removal project developers Return Carbon and Verified Carbon today announced ‘Project Concho,’ a pioneering Direct Air Capture (DAC) hub to be built in Tom Green County, Texas. Project Concho will be the first DAC hub in the world to run entirely on wind power and will leverage advanced DAC technology as well as onsite geological carbon storage to capture and permanently remove CO₂ from the atmosphere. In its first phase, the facility aims to remove 50,000 tons annually before 2030, with expansion plans to reach 500,000 tons per year, in turn creating premium, verified carbon credits that hold significant value in carbon markets.
Project Concho will be powered by a new wind farm to be built and operated by Greenalia, a leading global renewable energy producer with presence in wind and solar in Europe and the United States. The technology underpinning Project Concho will be provided by Skytree, an industry-leading carbon removal company born out of the European Space Agency with DAC units in deployment across Europe, Canada, and the United States.
“Project Concho is a significant step forward in scaling up DAC,” said Martijn Verwoerd, Managing Director of Return Carbon. “This opportunity aligns perfectly with Return Carbon and Verified Carbon’s joint mission to mitigate climate change through the scalable commercialization of new technologies in impactful infrastructure projects. We’re thrilled to make West Texas a home for this groundbreaking DAC hub and create new opportunities for the region.”
Collaboration Sets Stage For Future Renewable Power-DAC Projects
Project Concho is the result of an unprecedented collaboration between a wind energy provider and a DAC developer: the DAC hub guarantees a reliable offtake of wind energy in return for access to low-cost power, one of the challenges associated with large-scale DAC projects. Project Concho’s energy optimization will be enabled through its flexible use of power, leveraging the agreement of Greenalia and Concho partners to develop a unique Power Purchase Agreement (PPA) structure that allows for price stability and full energy deliverability. This symbiotic arrangement sets the stage for future joint renewable power-DAC projects that enable greater scale, lower risk, and reduced costs.
“We are excited about the partnership with Project Concho and there is a vision and a framework for collaboration that our companies share,” said Alexandre Alonso, SVP of Business Development at Greenalia. “The flexibility offered by the DAC hub to optimize around energy price peaks is a game changer for renewable energy projects. It not only strengthens the business case for our wind farm under development in Texas but also contributes to adding innovative business models and alternatives for a greener energy landscape in the U.S.”
State-of-the-art DAC Technology
Project Concho will feature a connected array of Skytree Stratus DAC units. Skytree’s patented DAC technology continuously optimizes energy use and drives down energy consumption while ensuring optimal CO2 capture efficiency. In addition, its modular design and 24/7 uptime guarantee made it a logical choice for a large-scale project like Project Concho in which units will be added over time.
“Project Concho is a first-of-its-kind collaboration that opens the door to even more ambitious and transformative carbon removal projects,” said Elena Nikonova, VP North America at Skytree. “Deploying DAC at scale is necessary to drive down costs across the value chain and achieve greater impact and we are thrilled to provide the technology needed to bring Project Concho to life.”
Revenue and Environmental Benefits to Concho Valley
Through carbon sequestration, local landowners can take advantage of passive revenue streams while promoting sustainable land use. “Project Concho brings significant benefits to the Concho Valley, providing new economic opportunities for landowners beyond traditional activities,” said Coleman White, co-founder of Verified Carbon and Concho Valley landowner. “Projects like these allow us to maintain traditional land uses while benefiting from a new income source and supporting projects that sustain both our environment and local economy”.
About Return Carbon
Return Carbon is a project development and investment company focused on sustainable infrastructure and energy transition projects, with a focus on the development of Direct Air Capture. Return Carbon is part of the Return group, a leading investor in solar and energy storage, with an extensive portfolio in Europe. Return has gained prominence in Europe’s energy transition, having raised EUR 100 million to support its portfolio companies, including leading energy storage companies such as SemperPower, Lion Storage, and J&P Batterie Projekte.
About Verified Carbon
Verified Carbon is a Texas-based carbon capture company, originating from the University of Texas at Austin. The company specializes in deploying DAC technology to sequester carbon and mitigate climate change while delivering financial benefits to local stakeholders. Verified Carbon, whose founding members have contributed to over 35 different Carbon Capture and Storage (CCS) projects, brings vital knowledge of the subsurface and strong landowner partnerships to the project, creating new revenue opportunities for landowners while advancing sustainable carbon sequestration in the region.
About Greenalia
Greenalia is an Independent Power Producer exclusively for renewable energy. The company harnesses wind, sun, and forestry biomass from certified plantations’ remains to generate and store energy sustainably. Greenalia promotes employment and innovation in the regions where it operates, driving growth across Europe and the U.S.
About Skytree
Born out of the European Space Agency in 2014 and headquartered in Amsterdam, Skytree harnesses CO2 from ambient air through the power of direct air capture technology (DAC). Its patented technology can be set up quickly at any location and scaled to meet the needs of businesses of all sizes. With Skytree’s unique Uptime Assurance Guarantee, all DAC systems are monitored to ensure uninterrupted operations and measured to provide valuable insights. Skytree’s Stratus DAC units are field-upgradable to newer generations as capture materials evolve, reducing energy consumption costs while improving unit capacity over time. For more information, visit skytree.eu.
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SOURCE Return Carbon
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Technology
Spinal Simplicity Ranked the 190th Fastest-Growing Company in North America on the 2024 Deloitte Technology Fast 500™
Published
50 minutes agoon
November 21, 2024By
Spinal Simplicity has been ranked 190th on the 2024 Deloitte Technology Fast 500™, recognizing its 617% revenue growth from 2020 to 2023. This success is driven by the widespread adoption of its Minuteman Interspinous Fusion Device and the launch of its Sacroiliac Fusion product line, including Liberty SI, Hero SI, and Patriot SI. The company continues to innovate with over 150 global patents, improving patient outcomes and quality of life.
OVERLAND PARK, Kan., Nov. 21, 2024 /PRNewswire-PRWeb/ — Attributes 617% Revenue Growth to increased adoption of its Flagship Interspinous Fusion Device, Minuteman, and new Sacroiliac Fusion product line Liberty SI, Hero SI, and Patriot SI
Overland Park, KS, November 21, 2024 — Spinal Simplicity today announced it ranked 190 on the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 30th year. Spinal Simplicity grew 617% during this period from 2020-2023.
Spinal Simplicity’s chief executive officer, Todd Moseley, credits Minuteman adoption, the Flagship Interspinous Fusion Device, and their new Sacroiliac Fusion products, Liberty SI, Hero SI, and Patriot SI, with the company’s 617% revenue growth. He said, “It’s an incredible honor to be recognized as one of the Fastest Growing Companies in North America by Deloitte. Since 2020, Minuteman has seen substantial market penetration utilized by both Surgeon and Interventional Pain Physicians. Our growth was further accelerated by the launch of our novel Sacroiliac Fusion product line launched in 2023.”
Overall, 2024 Technology Fast 500 companies achieved revenue growth ranging from 201% to 153,625% over the three-year time frame, with an average growth rate of 1,981% and a median growth rate of 460%.
About the 2024 Deloitte Technology Fast 500
Now in its 30th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2020 to 2023.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
About Spinal Simplicity
Spinal Simplicity is a healthcare technology company dedicated to creating simple, innovative procedure solutions for our physician partners to help improve their patient’s pain and quality of life. Our flagship technologies include Minuteman, Liberty SI, Hero SI, and Patriot SI. With over 150 patents granted globally, Spinal Simplicity remains committed to future innovation.
About Deloitte
Deloitte provides industry-leading audit, consulting, tax, and advisory services to many of the world’s most admired brands, including nearly 90% of the Fortune 500® and more than 8,500 U.S.-based private companies. At Deloitte, we strive to live our purpose of making an impact that matters by creating trust and confidence in a more equitable society. We leverage our unique blend of business acumen, command of technology, and strategic technology alliances to advise our clients across industries as they build their future. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Bringing more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte’s approximately 460,000 people worldwide connect for impact at www.deloitte.com.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States, and their respective affiliates. Certain services may not be available to attest to clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.
Media Contact
Parker Snedden, Spinal Simplicity, 1 913-451-4414, psnedden@spinalsimplicity.com, spinalsimplicity.com
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SOURCE Spinal Simplicity
Technology
Smart Helmets Market to Reach $2.3 Billion by 2031- Exclusive Report by Meticulous Research®
Published
50 minutes agoon
November 21, 2024By
REDDING, Calif., Nov. 21, 2024 /PRNewswire/ — According to a new market research report titled ‘ Smart Helmets Market Size, Share, Forecast, & Trends Analysis by Type (Full-face, Open-face, Hard Hat), Technology (Integrated Communication System, Bluetooth System, Others), End User (Consumer, Industrial, Others)—Global Forecast to 2031,’
The smart helmets market is expected to reach $2.3 billion by 2031, at a CAGR of 15.4% from 2024 to 2031.
A smart helmet is a helmet equipped with advanced technologies such as sensors, AI, Bluetooth, GPS, and cameras, among others. These technologies provide riders with enhanced safety and convenience. Smart helmets provide risers with information on their surroundings and allow users to access their phones via voice commands. Moreover, features such as built-in lights and head-up displays improve visibility and reduce the risk of accidents. Smart helmets are used across various sectors, such as transportation, manufacturing, construction, military, and sports.
The smart helmets market is experiencing growth primarily due to strict road traffic rules and the increasing need for safety & security. However, the high prices of smart helmets restrain market growth.
Additionally, the increasing preference for smart technology among consumers and technological advancement in wearables are anticipated to offer substantial growth opportunities for market players. However, low awareness about the importance of using helmets poses a significant challenge to market growth.
Download FREE PDF Brochure Of Smart Helmets Market – https://www.meticulousresearch.com/download-sample-report/cp_id=6012
Key Players:
Some of the major players studied in this report are Sena Technologies, Inc. (U.S.), Feher Helmet (Germany), Crosshelmet (Japan), Nexsys. Co., Ltd. (South Korea), H&H Sports Protection USA, Inc. (U.S.), LIVALL Tech Co., Ltd. (China), Intelligent Cranium Helmets LLC (U.S.), Forcite Helmet Systems Pty Ltd. (Australia), NEXX North America (U.S.), Steelbird Hi-Tech India Ltd. (India), STUDDS Accessories Limited (India), Lumos Labs Pte. Ltd. (Hong Kong), JARVISH (Taiwan), TVS Motor Company (India), Headkayse Ltd. (U.K.), HJC AMERICA, INC. (U.S.), and SHOEI Co., Ltd. (Japan).
The smart helmets market is segmented by type (full-face Helmets, open-face Helmets, hard hats), technology (integrated video cameras, integrated communication systems, Bluetooth systems, integrated navigation systems, other technologies), and end user (consumer, industrial, healthcare, construction, military & defense, other end users). The report also provides a comprehensive analysis of the smart helmets market in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
Smart Helmets Industry Overview: Latest Developments from Key Industry Players
In March 2023, TVS Motor Company (India) launched its new Bluetooth communication devices, S10X & S20X. Both devices feature a mesh-style intercom system that allows for communication between 20 connected riders as far away as 1.2 kilometers. S10X and S20X also allow for mobile GPS navigation, allowing users to keep on riding without ever worrying about getting lost.In April 2022, Forcite Helmet Systems Pty Ltd. (Australia) launched the MK1S Smart Helmet, which features an inventive road alert ecosystem that provides riders with alerts for navigation, speed traps, mobile cameras, live traffic conditions, and more via Forcite’s smartphone app.
Get Insightful Data On Regions, Market Segments, Customer Landscape, And Top Companies (Charts, Tables, Figures And More) – https://www.meticulousresearch.com/request-sample-report/cp_id=6012
Key Findings in the Smart Helmets Market Study:
By type, the hard hats segment is slated to record the highest CAGR during the analysis period. The growing safety concerns in industrial workspaces, the increased adoption of smart helmets among bicyclists, and the growing demand for hard hats in several industries, including construction, oil & gas, mining, and manufacturing, are factors expected to support the segment’s high growth.
By technology, the integrated navigation systems segment is slated to record the highest CAGR during the analysis period. The growing use of smart helmets with navigation systems in industries such as military, mining, and oil & gas to support live tracking, fall detection, and SOS alarm, and the development of smart helmets with GPS for hands-free navigation are factors expected to support the segment’s high growth.
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By end user, the consumer segment is slated to record the highest CAGR during the analysis period. The growing focus of automotive manufacturers on the development of smart helmets, the increasing integration of helmet detection systems into motorcycles, and stringent traffic regulations imposed by transport authorities are factors expected to support the segment’s high growth.
By geography, Asia-Pacific is slated to record the highest CAGR of over 16.5% during the analysis period. The growing inclination toward sports vehicles, rising disposable income levels, increased sales of 2-wheelers, rise in urbanization across several countries in the region, the growing focus of key players on the development of helmets with smartphone connectivity features, increased construction activities, and the region’s strong focus on safety and technology adoption are factors expected to support the market’s high growth.
IMMEDIATE DELIVERY AVAILABLE | BUY THIS RESEARCH REPORT (Insights, Charts, Tables, Figures and More)- https://www.meticulousresearch.com/Checkout/13839807
Scope of the Report:
Smart Helmets Market Assessment—by Type
Full-face HelmetsOpen-face HelmetsHard Hats
Smart Helmets Market Assessment—by Technology
Integrated Video CamerasIntegrated Communication SystemsBluetooth SystemsIntegrated Navigation SystemsOther Technologies
Smart Helmets Market Assessment—by End User
ConsumerIndustrialHealthcareConstructionMilitary & DefenseOther End Users
Smart Helmets Market Assessment—by Geography
North AmericaS.CanadaEuropeK.GermanyFranceItalySpainSwedenNetherlandsRest of EuropeAsia-PacificChinaJapanIndiaSouth KoreaSingaporeAustraliaMalaysiaRest of Asia PacificLatin AmericaBrazilMexicoRest of Latin AmericaMiddle East & AfricaIsraelUAERest of Middle East & Africa
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Smart Helmets Market Research Summary
Particulars
Details
Number of Pages
250
Format
Forecast Period
2024–2031
Base Year
2023
CAGR
15.4 %
Market Size
$2.3 Billion by 2031
Segments Covered
By Type
Full-face HelmetsOpen-face HelmetsHard Hats
By Technology
Integrated Video CamerasIntegrated Communication SystemsBluetooth SystemsIntegrated Navigation SystemsOther Technologies
By End User
ConsumerIndustrialHealthcareConstructionMilitary & DefenseOther End Users
Countries Covered
North America (U.S. and Canada), Europe (U.K., Germany, France, Italy, Spain, Sweden, Netherlands, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Singapore, Australia, Malaysia, and Rest of Asia-Pacific), Latin America (Mexico, Brazil, and Rest of Latin America), and the Middle East & Africa (UAE, Israel, and Rest of Middle East & Africa)
Key Companies Profiled
Sena Technologies, Inc. (U.S.), Feher Helmet (Germany), Crosshelmet (Japan), Nexsys. Co., Ltd. (South Korea), H&H Sports Protection USA, Inc. (U.S.), LIVALL Tech Co., Ltd. (China), Intelligent Cranium Helmets LLC (U.S.), Forcite Helmet Systems Pty Ltd. (Australia), NEXX North America (U.S.), Steelbird Hi-Tech India Ltd. (India), STUDDS Accessories Limited (India), Lumos Labs Pte. Ltd. (Hong Kong), JARVISH (Taiwan), TVS Motor Company (India), Headkayse Ltd. (U.K.), HJC AMERICA, INC. (U.S.), and SHOEI Co., Ltd. (Japan)
Contact:
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SOURCE Meticulous Market Research Pvt. Ltd.
Technology
Grey Market Labs announces $8M Series A funding led by Capri Ventures to accelerate growth of its Replica Platform – First of its kind “Secure Environment as a Service”
Published
50 minutes agoon
November 21, 2024By
Replica enables Fortune 100 financial, business and healthcare institutions and Federal agencies such as the US Army and Defense Innovation Unit to securely engage in high risk cyber activities without compromising productivity.
FALLS CHURCH, Va., Nov. 21, 2024 /PRNewswire/ — Grey Market Labs (dba Replica Cyber), a pioneering leader in cybersecurity solutions, proudly announces it has secured $8M in Series A funding led by Capri Ventures, with participation from Blu Ventures and AFG to accelerate adoption of its groundbreaking platform – Replica. This strategic investment will enable the company to advance its mission of delivering Secure Environments-as-a-Service, bringing unparalleled privacy and security in an increasingly vulnerable digital landscape.
With this round, Andy Brown, CEO of SandHill East, former CTO of UBS, and current board member of ZScaler and PureStorage, will be joining the Board of Directors as will Dennis Shaya, Partner at Capri Ventures. In addition, Don Duet, Former Head of Technology at Goldman Sachs, and Tim Estes, founder of Angel Kids AI and former CEO at Digital Reasoning, will be joining the advisory board, complementing an already strong team including: Christopher Caine (CEO – Mercator XXI), Gary Cubbage (fmr. EVP – Booz Allen Hamilton), Nick Donofrio (fmr. EVP Innovation – IBM), Todd Helfrich (VP Federal – Censys).
The Replica platform offers Secure Environments-as-a-Service, revolutionizing how organizations protect and enable high risk activities. This includes targeting Russian misinformation campaigns in Ukraine, safe testing of new tech with proprietary data, disrupting financial scams and fraud aimed at seniors, and identifying and mitigating insider threats within organizations, among other scenarios. By integrating patented technology, intelligence tradecraft, and Zero Trust architecture, Replica quickly creates realistic IT environments that encompass hardware, operating systems, applications, networks, and data layers. This innovative solution not only protects user and organizational privacy but also delivers the data, tools and workflows needed for users to be productive in their most sensitive work.
Kristopher Schroeder, CEO of Grey Market Labs, emphasized the significance of this funding round: “Replica is the culmination of over 20 years of experience in embedded tradecraft, intelligence operations, and cutting edge software. Our engineering team, with extensive backgrounds in offensive and defensive cyber warfare, has developed a product that is comprehensive with the protection and efficiency needed for today’s enterprises and their users.” Schroeder goes on to say, “This funding will allow Grey Marketing Labs to accelerate our vision to deliver even more impactful solutions for our customers.”
Capri Ventures, the lead investor in this funding round, expressed their excitement about partnering with Replica. “We are thrilled to support Grey Market Labs in their mission to redefine cybersecurity with the Replica platform,” said Dennis Shaya, Partner with Capri Ventures. “Their innovative approach and deep expertise position them as a frontrunner in the industry, especially financial services, and we believe this partnership will drive significant advancements in digital privacy and security.”
Available as both a SaaS product and a hosted service, Replica enables secure work even in a global ecosystem, while reducing burden on the IT organization. The platform’s flexible architecture supports rapid deployments (noted as some of the fastest in Financial Services), continuous updates, and seamless integration with existing enterprise services, including single-sign-on, proxies, and data governance. Additionally, Replica offers rich audit and reporting functionalities to ensure compliance with regulatory standards and provide the critical observability needed for leadership.
Replica has solved critical problems for major Banks, Health Systems, Global Consulting, and Governments with use cases like: Protected Research (deep/dark web, social, automated collects, OSINT), Isolating Acquired (M&A) tech and activities, Advanced Sandboxing for Malware/Unknown Files, Complex Training Environments, Enabling Fraud/Cyber Investigations, Secure DevOps with Data Controls, Intellectual Property Sharing and Protection, and more.
With this new round of funding, Replica is poised to expand its value to customers, enhance its offerings, and further solidify its position as a leader redefining how to protect and enable high-risk activities.
For more information about Replica, please visit ReplicaCyber.com.
About Grey Market Labs
Founded as Grey Market Labs® (dba Replica Cyber), a Certified B-Corp with the mission to protect life online. Our work protecting the United States from foreign intelligence evolved to the creation of Replica™, the world’s first Secure Environments-as-a-Service platform. This patented SaaS platform simplifies creation of comprehensive hybrid-computing systems, delivering privacy and security while giving control to business users and reducing the burden on IT by 99.73%. We have solved critical problems for major Banks, Health Systems, Global Consulting, and Governments with use cases like: Protected Research (deep/dark web, social, automated collects, OSINT), Isolating Acquired (M&A) tech and activities, Advanced Sandboxing for Malware/Unknown Files, Complex Training Environments, Enabling Fraud/Cyber Investigations, Secure DevOps with Data Controls, and more. For anyone that has tried to build complex, secure systems and platforms – Replica replaces this expensive work with the automation of secure environments.
About Capri Ventures
Capri Ventures is an early stage venture capital firm focused on Enterprise Technology. The team is composed of former software executives and leaders from Fortune 500 enterprises, bringing significant resources early in a company’s lifecycle to help drive commercialization and market adoption.
About AFG Partners
AFG Partners <https://www.afgvc.com/> is an Asian-based VC fund investing in B2B fintech and enabling tech startups addressing the critical needs of financial institutions and corporates globally, particularly in Asia. A core part of the strategy is to invest and help companies in Europe and the US who are interested in expanding across Asia via our network of LPs and ecosystem partners. Previous investments of the principals include N26, Unit, Blockdaemon, Airbnb, Transferwise, Gocardless and Wefox amongst others.
About Blu Ventures
Blu Ventures, a venture capital firmed based in Washington, DC, provides strategic funding and expert guidance in Seed to Series A companies in cybersecurity, healthtech, and B2B software startups. Blu leverages the deep domain expertise of its partners—all former operators with extensive industry experience—to empower visionary entrepreneurs. Learn more at www.bluventureinvestors.com
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SOURCE Grey Market Labs
Spinal Simplicity Ranked the 190th Fastest-Growing Company in North America on the 2024 Deloitte Technology Fast 500™
Smart Helmets Market to Reach $2.3 Billion by 2031- Exclusive Report by Meticulous Research®
Grey Market Labs announces $8M Series A funding led by Capri Ventures to accelerate growth of its Replica Platform – First of its kind “Secure Environment as a Service”
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