HONG KONG, Dec. 19, 2024 /PRNewswire/ — On 8th November 2024, the Asia Direct Cable (ADC) international submarine cable, initiated and led by China Telecom, officially announced its commencement of operations. As a leading communication infrastructure in the Asia-Pacific region, the ADC cable will significantly enhance communication capacity within the region and provide robust support for partners’ digital transformation efforts. This milestone not only marks a new height in international telecommunications cooperation but also injects powerful momentum into the digital development of the regional economy.

With ADC cable, China Telecom provides over 50 Tb/s of additional capacity for the Asia-Pacific region, employing the industry’s most advanced open cable technology. Spanning a total length of 9,988 kilometers, it connects China (Mainland and Hong Kong SAR), Japan, Singapore, and several other countries and regions in the Asia-Pacific, making it the submarine cable system with the highest transmission capacity in Asia. The launch of this project will significantly enhance China Telecom’s bandwidth scale and technical strength in the Asia-Pacific region.

As the largest investor, China Telecom not only assumes core management responsibilities for the ADC project but also oversees the operations of the Network Operations Center (NOC). S.B.Submarine Systems (SBSS) and China Submarine Cable Construction Co., Ltd participated in and successfully completed the engineering construction tasks for the ADC cable, with SBSS laying 7,740 kilometers of cable.

The ADC cable not only meets the high-bandwidth transmission needs of emerging technologies such as cloud computing and large models but also enhances the redundancy and stability of networks in the Asia-Pacific region by providing diversified routing options, creating more opportunities for sustainable business development.

To date, China Telecom has over 50 international submarine cable resources and 254 overseas PoP nodes and plans to further advance the construction of other submarine cable systems. This will lay the groundwork for the development of future digital technologies such as 5G, AI, and the Internet of Things, supporting the digital upgrade of the global economy and the high-quality development of the “Belt and Road” initiative.

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SOURCE China Telecom Global

ADELAIDE, Australia, Dec. 19, 2024 /PRNewswire/ — A leading Australian energy management software and services company has today announced a growth capital investment from Angeleno Group, a long-standing clean energy and climate solutions venture capital and growth equity investment firm headquartered in Los Angeles, with a track record of investing in Australian-based sustainability businesses.

This investment aims to accelerate AZZO’s geographical expansion and the development and impact of its EnergyX IoT platform helping organisations comprehensively manage their energy including renewables and electrification initiatives for efficiency, sustainability and resilience through microgrids.

AZZO’s EnergyX IoT platform has made a significant impact in Australia by optimising renewable energy management, addressing grid instability and supporting the transition to a more sustainable, resilient energy ecosystem, helping businesses reduce energy costs, improve efficiency and meet sustainability goals.

Founded in Adelaide by John Azzollini in 2005, AZZO has grown from its innovation roots in Australia to become a trusted global leader in the energy transition, with operations nationwide and a well-established presence in North America. 

“I am incredibly proud of the AZZO team for their dedication and achievements. This partnership with Angeleno Group marks a significant milestone in our journey, and I’m excited about what we can achieve together,” says John Azzollini, Founder, AZZO.

“Our commitment to sustainability and energy management remains our guiding purpose, and Angeleno Group’s backing allows us to make a broader impact in the energy transition alongside its other innovative portfolio companies advancing decarbonisation and sustainability outcomes,” says James DiLiberto, CEO, AZZO.

The organisation delivers cutting-edge energy solutions for energy efficiency, reduces costs, orchestrates Distributed Energy Resources (DERs) and helps in achieving sustainability goals.

“AZZO has developed a compelling energy management solution that aligns well with our mission to invest in and help scale innovative clean energy and climate solutions businesses,” says Daniel Weiss, Co-founder and Managing Partner, Angeleno Group. “We are excited to contribute to AZZO’s growth journey and support their expansion into new markets” says Anil Tammineedi, Partner, Angeleno Group.

This partnership with Angeleno will enable AZZO to further extend its presence in existing markets and enter new territories. With Angeleno Group’s experience in scaling transformative energy businesses, AZZO is well-positioned and capitalised to expedite the development and deployment of its innovative solutions through partnerships, investments, and acquisitions.

As part of this investment, Dominic Drenen will join AZZO as Chairman of the Board in Melbourne, bringing over 25 years of experience in the energy sector. Dominic’s leadership and industry expertise will be invaluable as AZZO continues to drive growth and innovation. Dominic is an Operating Partner of Angeleno Group and the former CEO of the Angeleno Group portfolio company, Click Energy, which was acquired by AGL in 2020.

The collaboration between AZZO and Angeleno Group represents a major milestone in AZZO’s journey to help organisations unlock the full potential of their energy ecosystem. Through targeted investments and partnerships, both companies aim to contribute meaningfully to the transition towards cleaner energy and greater sustainability. 

About AZZO 

With a 19-year history of customer-focused innovation and offices in Oceania and North America, AZZO is a leader in renewable energy & electrification management solutions. The company offers technology and services that help businesses achieve sustainability goals and reduce energy costs while increasing resilience and energy-related revenues. The EnergyX IoT platform is central to AZZO’s offerings, providing monitoring, analytics, applications, and control and management capabilities for traditional and renewable energy systems. For more information, visit https://www.azzo.com.  

About Angeleno Group 

Founded in 2001, Angeleno Group is a pioneer in providing growth capital for clean energy and climate solutions companies. Angeleno Group has become one of the United States’ longest standing dedicated clean energy and sustainability focused investment firms, making growth investments on a global basis. The firm’s core strategy is to invest in high-growth, well managed, innovative businesses with proven technologies and established customer traction. Angeleno Group invests in a range of deal types, with a strategy that is sector-focused and research-driven. Angeleno Group is headquartered in Los Angeles, California. For more information, visit www.angelenogroup.com. 

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SOURCE AZZO

NINGBO, China, Dec. 20, 2024 /PRNewswire/ — Risen Energy Co., Ltd, a prominent player in the renewable energy sector, has been distinguished for its efforts in climate action, securing a spot in the 2024 Repository of Outstanding Sustainability Practices for Listed Companies. This recognition, administered by the China Association for Public Companies (CAPCO), marks the fourth consecutive year of the initiative designed to promote and highlight sustainable practices among publicly traded firms.

Risen Energy is dedicated to combining technological innovation with green, low-carbon practices to address current climate change and environmental challenges. The company not only prioritizes climate change in its core agenda but has also established a three-tiered governance structure consisting of the Board of Directors, the Office of Strategy and Sustainability, and the Working Group on Special Issues. This framework is designed to comprehensively advance the implementation of the firm’s climate change strategy.

Risen Energy has achieved significant breakthroughs in the R&D and production of green energy products. As extreme weather events become more frequent and the challenges of global climate change grow more acute, the demand for highly efficient and reliable photovoltaic (PV) modules has surged. The company has focused intently on heterojunction technology (HJT), continually innovating to boost the power output and conversion efficiency of its HJT modules. These efforts have cemented Risen Energy’s leadership in the global PV market in terms of overall product performance. Additionally, the firm is also developing next-generation HJT-based PV products, aiming to provide even stronger contributions in combating global climate change.

View original content:https://www.prnewswire.co.uk/news-releases/risen-energy-earns-recognition-for-climate-action-excellence-in-2024-sustainability-practices-repository-302333201.html