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Heliene and Nexamp Forge Historic Deal: 1.5 GW of American-Made Solar Modules for Largest Ever U.S. Community Solar Purchase

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U.S. Secretary of Energy Jennifer M. Granholm joined with Heliene and Nexamp to tour Heliene’s manufacturing facility and announce the new partnership

BOSTON, Aug. 31, 2023 /PRNewswire/ — In a groundbreaking stride towards clean energy advancement, Nexamp, the nation’s largest community solar provider, announced yesterday a new strategic partnership with Heliene, Inc., a customer-first provider of North American-made solar modules, that represents the largest community solar module order in U.S. history.

U.S. Secretary of Energy Jennifer M. Granholm joined Heliene and Nexamp to announce new partnership

This monumental order provides Nexamp access to 1.5GW of modules that will be produced at Heliene’s Minnesota facility. Over the next five years, these modules will support the development and construction of about 400 new community solar projects across the nation delivering clean energy savings to more than a quarter of a million U.S. households while increasing the supply of renewable energy on the grid.

Heliene expanded its facility in November 2022 and has additional expansions planned for September 2023 to increase manufacturing capacity of domestic solar modules, which was made possible by the Inflation Reduction Act through the extension and expansion of investment tax credits for clean energy resources. Yesterday, U.S. Secretary of Energy Jennifer M. Granholm and Senator Tina Smith (D-MN) joined Heliene CEO Martin Pochtaruk and Nexamp CEO Zaid Ashai on a tour of Heliene’s solar manufacturing facility in Mountain Iron, Minnesota to see how this historic solar order will be produced. Projects like these demonstrate the real-world impact of policies like the IRA—strengthening domestic supply chains by growing U.S. solar manufacturing capacity.

“We are grateful for the partnership that Heliene and Nexamp are forging to bring the solar supply chain back to the United States,” said U.S. Secretary of Energy Jennifer M. Granholm during yesterday’s event. “Thanks to the Inflation Reduction Act, companies like Nexamp [and Heliene] can make investments that boost American manufacturing and create American jobs, while lowering families’ energy bills. President Biden has said ‘enough’ to watching jobs leaving the country—now, America is the irresistible nation for new clean energy investment.”

Minnesota is leading the way in building a clean energy economy,” added Senator Tina Smith. “This community has never stopped fighting to make things better in this country and this expansion will supercharge America’s supply chain, providing opportunities for the region. And it happened because the President and Congressional leaders were tired of watching our manufacturing dominance fade. We are bringing the benefits home where they belong.”

In addition to increasing the manufacturing capacity of domestic solar modules, Nexamp and Heliene’s partnership will support additional research and development and create nearly 1,000 green jobs throughout the Iron Range region to support local economic growth.

“Nexamp is proud to partner with a North American solar manufacturer to help foster a more resilient supply chain, create green jobs throughout the Midwest, and accelerate the transition to a more just, secure, and resilient energy future,” said Zaid Ashai, Chairman and Chief Executive Officer of Nexamp. “A solar order of this size is without precedent and comes at a critical time as the U.S. continues to develop its solar supply chain. This partnership wouldn’t be possible without the Inflation Reduction Act, and is proof that this historic piece of legislation is continuing to encourage renewable energy production and help drive the energy transition.”

“This strategic partnership with Nexamp is an essential milestone for Heliene as we continue to expand our U.S. manufacturing footprint and domestic workforce. The well-designed incentives and the industrial policy included in the IRA will drive continued growth of solar projects and this partnership puts Heliene and Nexamp on track to meet demand with high-quality, domestically manufactured solar modules,” said Martin Pochtaruk, President of Heliene, Inc. “This historic order also enables Heliene to maintain its commitment to creating good paying manufacturing jobs in the U.S. solar industry.”

About Community Solar
Community (or “shared”) solar allows people, businesses or municipalities to benefit from clean, renewable solar energy without requiring them to install panels on their property, making solar more widely accessible. Customers enroll in a community solar program and save on their annual electricity costs.

About Nexamp 
Nexamp is transforming the new energy economy with proven solar and storage solutions, and inviting individuals, communities, and businesses to take part in the benefits. Our end-to-end capabilities—including project development and acquisition, design, construction, and operations—position Nexamp as a just and equitable market leader. By building integrated clean energy products, we ensure that both savings and job opportunities reach everyday Americans. With more than 1 GW of renewable energy-generating assets currently in operation or under construction, we’re building a cleaner and more resilient future. Visit us at www.nexamp.com.  

About Heliene, Inc.
Heliene is one of North America’s fastest-growing domestic module manufacturers serving the utility-scale, C&I, and residential markets. With an in-house logistics team and remarkably responsive support staff, Heliene delivers competitively priced, high performance solar modules precisely when and where customers need them to accelerate North America’s clean energy transition. Founded in 2010, Heliene is recognized as a highly bankable Tier 1 module manufacturer and has production facilities located in Ontario and Minnesota. For more information, visit www.heliene.com.

Copyright 2023 Nexamp Inc.

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SOURCE Nexamp

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Max Stock Limited Announces Change in Shares Held by an Interested Party

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CAESAREA, Israel, Nov. 24, 2024 /PRNewswire/ — Max Stock Limited (TASE: MAXO(; )the “Company”, “Max Stock“) today announced that on November 20th, 2024, Phoenix Financial Ltd. and Phoenix Investment House Ltd. (“Phoenix reporting group”), including their respective nostro account, provident funds and provident fund management companies, as well as mutual fund management companies and market maker sub entities, informed the Company that they had sold shares of the Company thereby lowering their joint holdings to 4.8% of the Company’s issued capital (4.15% and 0.65% respectively). As a result, Phoenix reporting group will no longer be an interested party in the Company.

This is an English translation of segments of a Hebrew immediate report that was published on November 24, 2024 (Ref. No: 2024-01-618032) (hereinafter: the “Hebrew Version”). This English version is only for convenience purposes. This is not an official translation and has no binding force. In the event of any discrepancy between the Hebrew Version and this translation, the Hebrew Version shall prevail.

About Max Stock

Max Stock is Israel’s leading extreme value retailer, currently present in 64 locations throughout Israel and 2 locations in Portugal. We offer a broad assortment of quality products for customers’ everyday needs at affordable prices, helping customers “Dream Big, Pay Small”. For more information, please visit https://ir.maxstock.co.il                 

Company Contacts:

Talia Sessler,
Chief Corporate Development and IR Officer
talia@maxstock.co.il

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SOURCE Max Stock Limited

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Qatar Development Bank announces strategic investment in global Islamic FinTech, Wahed

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DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.

Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.

Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.

Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”

About Wahed

Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.

For more information, visit: www.wahed.com

About Qatar Development Bank

Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.

For more information, visit: https://www.qdb.qa/

 

SOURCE Wahed

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Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region

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DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.

On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”

Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.

His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.

As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.

Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”

About Wahed

Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.

For more information, visit: www.wahed.com

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