Connect with us

Technology

EverWind’s Leading Canadian Green Hydrogen and Ammonia Project Will Generate Substantial Economic & Structural Benefits, Major Study Finds

Published

on

HALIFAX, NS, Feb. 15, 2024 /CNW/ – EverWind Fuels (“EverWind”), a pioneering developer of an Atlantic Canadian green fuels hub based across Nova Scotia & Newfoundland & Labrador, today announced the release of EverWind’s Economic Impact Assessment on its Nova Scotia based green hydrogen and ammonia project (“Nova Scotia Project”).

The Economic Impact Assessment, which was supported by Deloitte Canada, found significant economic and environmental benefits from EverWind’s Nova Scotia Project, including the full green energy production cycle from renewable power generation (wind & solar) to green hydrogen-to-ammonia production. 

Economic contribution that will arise during the construction period for Phase 1 of EverWind’s Nova Scotia Project were estimated to be: 

Over $2.3 billion in Canadian GDP, with approximately half accruing to Nova ScotiaOver 11,000 FTEs in Canada, with approximately half accruing to Nova ScotiaApproximately $568 million in Government revenue, with approximately half accruing to Nova Scotia

Economic contribution during operations (post-construction) for Phase 1 of EverWind’s Nova Scotia Project were estimated to be: 

Over $340 million/year contribution in Canadian GDP, with the vast
majority accruing to Nova ScotiaApproximately 900 FTEs1, in Canada, with the vast majority accruing to Nova ScotiaApproximately $37 million/year in Government revenue, with the vast majority accruing to Nova Scotia

The EIA highlighted the following structural benefits: 

Community and First Nations Benefits – EverWind’s Mi’kmaq equity partnerships will enable sustainable business growth, employment, and training opportunities for local First Nations.The Nova Scotia Project will reduce CO2 emissions by an estimated 1.91 to 2.33 million tonnes each year (the approximate equivalent of taking 3 out of every 4 cars in Nova Scotia off the road).Energy Supply and Balancing for the Grid – The Nova Scotia Project is poised to deliver annual benefits of over $30 million to Nova Scotia’s grid through load following, and ancillary grid services, and tariff payments.International Trade for Green Hydrogen – Point Tupper is considered to be an ideal location for green hydrogen and green ammonia exports to the largest global demand marketsCapacity Development and Innovation – The Nova Scotia Project will enhance Canada’s green energy innovation, while supporting Nova Scotia’s labour market.

The study finds that the first phase of production may break the chicken-and-egg problem of hydrogen supply and demand and establishes further phases of growth and sustainability of project operations. Future phases of the project, which include additional onshore and offshore wind development, are set up to generate further economic benefits to Canada and Nova Scotia.

Additional Resources: 
Deloitte Economic Impact Assessment Infographic 
Deloitte Economic Impact Assessment Full Report 

Recognition of the Mi’kmaw & their Ancestral Territory 
EverWind acknowledges the ancestral and unceded territory of the Mi’kmaq people, and we acknowledge them as the past, present, and future caretakers of this land, Mi’kma’ki. Our work shares a core principle practiced by the Mi’kmaq: environmental stewardship. We are committed to working with the Mi’kmaq through consultation, engagement and delivering a comprehensive
partnership on all aspects of the project. 

About EverWind Fuels  EverWind is North America’s leading independent green hydrogen developer. EverWind received the first Environmental Approval in North America for a large-scale green hydrogen project, and is well progressed 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 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 18 years without a lost time injury, reflects a highly skilled and extensively certified workforce. 

EverWind has three First Nations equity partners and is a champion for meaningful engagement with Rightsholders and the advancement of social and economic reconciliation. At a local level, the Company works closely with municipalities and stakeholder organizations. 

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 also supported by a world-class advisory team including Black & Veatch, ILF, RES, Strum Environmental, McInnes Cooper, King & Spalding, McKinsey, Morgan Stanley, CIBC, and Citi.  

SOURCE EverWind Fuels Company

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

DeriW: Prioritizing Security in the Next-Gen On-Chain Perp DEX Experience

Published

on

By

HONG KONG, March 6, 2025 /CNW/ — Security is the cornerstone of blockchain development. CoinW has operated for eight years without any security incidents. As a result, it has developed deep insights into security and blockchain technology.

CoinW is now leveraging its expertise in the on-chain space with the launch of DeriW, a decentralized derivatives exchange (DEX) prioritizing both security and speed. 

DeriW distinguishes itself from other platforms. It was engineered from the ground up with a focus on both security and performance, with the goal of delivering an exceptional user experience.

Let’s delve into the technical foundations that make this possible.

CoinW Reshapes On-Chain Trading

On March 4, 2025, DeriW—a decentralized perpetual contract trading platform built on Arbitrum—announced its testnet launch. 

Built as an L3 solution on Arbitrum, DeriW inherits its security from Arbitrum’s L2, which ultimately derives its robust security from Ethereum.

This architecture allows DeriW to leverage Ethereum‘s safety while achieving ultra-high throughput of up to 80,000 TPS through customizable L3 capabilities.

As an innovative protocol focused on derivatives trading, DeriW balances user experience and asset security through a multi-layered security framework and optimized trading logic.

Security: DeriW inherits the foundational security of an L2 and an L1 while utilizing Rollup technology for cross-chain state synchronization. It combines proactive measures with passive defenses, including real-time anomaly detection tools and a bug bounty program to eliminate risks at their source.Gas-Free Transactions: Thanks to L3’s customizability, DeriW achieves zero gas fees while optimizing transaction matching logic to minimize MEV attacks, reduce costs, and enhance fairness.Non-Custodial Design: User funds remain fully self-custodied, eliminating third-party intervention risks. Core contracts are managed via multi-signature wallets with time-lock mechanisms and have undergone audits by authoritative security agencies. All code is open-source for community oversight.Cross-Chain Security: For cross-chain operations—a common vulnerability—DeriW adopts Arbitrum’s mature solutions using Rollup mechanisms for state synchronization. Optimistic validation ensures abnormal transactions can be corrected during a protection period when submitting fund states from L3 to L2.

Smart contracts, fund management, and cross-chain operations are just some of DeriW’s layers of protection. With these measures in place, DeriW delivers the best possible balance of security and performance achievable with today’s technology.

This builds a closed-loop trust system that appeals to all types of users.

Ecosystem Incentives: 6000 DER Points Reward Pool Awaits

Since its inception, DeriW has implemented or planned features such as on-chain open-source governance, multi-signature management, and DAO mechanisms. In the future, community voting will optimize core parameters as DeriW moves toward full decentralization.

To incentivize participation in the DeriW testnet, CoinW is offering generous rewards through the “SUPERNOVA” program. 

Participants can earn up to 6600 DER tokens by completing various tasks. The program features two modules: tiered tasks based on trading volume and holding duration, and basic airdrops for completing initial trades.

Rewards will be distributed to user addresses upon the mainnet launch: 

Basic Airdrop (L1): Users completing their first trade of at least 1,000 USDT will receive 100 DER tokens.Tiered Tasks: Rewards are based on cumulative trading volume and holding duration:Level 2: Trade ≥ 100,000 USDT and hold for 1 days to earn 500 DER.Level 3: Trade ≥ 500,000 USDT and hold for 2 days to earn 1,000 DER.Level 4: Trade ≥ 1,000,000 and hold for 4 days to earn 5,000 DER.

More information please visit:https://www.deriw.com/zh_cn/supernova

Conclusion

CoinW is embracing the inevitable shift towards decentralization in the blockchain space and is committed to driving this change forward.

From its inception, DeriW has been designed with speed, security, and affordability at its core. 

DeriW achieves both high security and an exceptional user experience with comprehensive safeguards such as: 

Authoritative audits Multi-signature managementMEV resistance mechanisms, and Mature cross-chain bridge solutions

After eight years of operation, CoinW’s legacy expands with the launch of DeriW. This innovative platform pioneers fast, secure, and cost-effective on-chain contract trading. DeriW is set to become the premier choice for decentralized derivatives.

About CoinW    

Founded in 2017, CoinW is a globally trusted cryptocurrency exchange serving over 11 million users in 18 countries. With cutting-edge technology, advanced security, and a focus on empowering blockchain innovation, CoinW supports communities worldwide in realizing the transformative power of digital assets.   

Website: https://www.coinw.com/    

X Official: https://x.com/CoinWOfficial   

Telegram: https://t.me/coinwoff    

Instagram Official: https://www.instagram.com/coinwofficial   

YouTube Official: https://www.youtube.com/@CoinWOfficial    

Linkedin: https://www.linkedin.com/company/coinwofficial/    

About DeriW     

DeriW is the first zero-gas-fee decentralized perpetual contract exchange, blending Ethereum‘s security with Layer 3 scalability to deliver CEX-like efficiency in a decentralized framework. Operated by CoinW’s seasoned fintech team, it redefines trading with 80,000 TPS throughput, ensuring speed, transparency, and trustless execution. 

View original content to download multimedia:https://www.prnewswire.com/news-releases/deriw-prioritizing-security-in-the-next-gen-on-chain-perp-dex-experience-302395244.html

SOURCE CoinW

Continue Reading

Technology

Network, Simplified: Sunwave Brings Smart, Seamless Connectivity to MWC 2025

Published

on

By

BARCELONA, Spain, March 7, 2025 /PRNewswire/ — Sunwave Communications is making waves at MWC 2025, unveiling next-generation 5G solutions designed for seamless, intelligent, and high-performance connectivity.

As networks expand at an accelerated pace, Metcalfe’s Law states that network value grows exponentially with its size. However, this also introduces increasing complexities in network design, procurement, deployment, and operations. Sunwave addresses these challenges with cost-effective, easy-to-deploy solutions, empowering operators and enterprises with greater flexibility and efficiency.

Next-Gen Digital DAS for High-Density Venues

With global mobile data traffic expected to surge nearly 200% from 2024 to 2030, ensuring stable connections in high-density environments is more critical than ever. Sunwave’s latest M3-L Digital DAS is engineered to provide uninterrupted multi-operator 5G coverage in venues such as stadiums, airports, and metro stations. Featuring an 8-channel combiner, it supports seven sub-3GHz bands and one additional 5G (n78) band in a compact form, simplifying deployment while enhancing network efficiency.

Smarter, More Adaptable 5G Base Stations

As 5G networks evolve, operators and enterprises require greater agility, efficiency, and intelligence from their infrastructure. Sunwave’s latest 5G base station solutions are designed to optimize network architecture while delivering superior performance.

Next-Gen Integrated 5G Base Stations: Featuring an all-in-one compact design, these base stations integrate baseband, radio, and core network functions, supporting mainstream 5G bands and enhanced carrier aggregation (CA) for high-performance, stable connections across various deployment scenarios.5G Femtocell Small Cells – Plug-and-play deployment enhances indoor coverage and eliminates network blind spots.Distributed Base Stations – Built on FlexRAN, these enable virtualized, low-latency 5G networks with multi-band carrier aggregation for increased capacity.

Powering 200+ Cities with Future-Ready Networks

The telecom industry is shifting to AI-driven and intelligent edge computing networks. Sunwave is driving this evolution, investing in R&D and next-gen technologies to accelerate digital transformation.

With deployments across 200+ cities in Latin America, Southeast Asia, Europe, and the Middle East, Sunwave continues to deliver high-performance, scalable 5G solutions—reshaping the future of wireless connectivity for a smarter, more connected world.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/network-simplified-sunwave-brings-smart-seamless-connectivity-to-mwc-2025-302394958.html

SOURCE Sunwave Communications

Continue Reading

Technology

Elmo Motion Control Kicks off the 2025 Global Roadshow at Smart Factory and Automation World Korea

Published

on

By

PETAH TIKVA, Israel, March 7, 2025 /PRNewswire/ — Elmo Motion Control, a global technology leader in motion control solutions, announces its participation at the AIMEX (Smart Factory & Automation World) exhibition at COEX in Seoul, Korea. The 35th International Factory Automation Expo will be held from March 12 to March 14.

Luis Lee, Elmo APAC Sales Director, said, “We are excited to showcase the latest innovative Elmo solutions at AIMEX. Our goal is to demonstrate how our compact, yet powerful servo drives can enhance machine performance and safety. Our versatile motion control solutions highlight the vast potential and ongoing dedication to the powerful possibilities that Elmo’s technology can provide to any machine.”  

The future Titanium line of multi-axis servo drives, and the current Platinum line will be presented at the show. Both product lines contain full functional safety options and deliver heightened motion accuracy, performance, and robustness for almost any machine.

Elmo will demonstrate motion control capabilities, presenting a live demo of three machines powered by Elmo: an XYZT stage demo driven by the Elmo Platinum Quartet, a 4-axis servo drive, a Full Solution demo stand will showcase the latest versatile low to high power motion control comprehensive solution over EtherCAT networking and an interactive AGV motor driven by 11kW small servo drives. The live demonstrations will highlight Elmo’s technology’s seamless integration and superior performance for multitudes of industrial machine applications like AGV, Semiconductors, Robotics, Medical, and more. Additionally, attendees will have the opportunity to speak with Elmo’s experts and gain insights into these cutting-edge advanced technologies.

To schedule a one-on-one meeting at the show, register here: https://www.elmomc.com/media/events/

About Elmo Motion Control

Elmo has been a motion control technology leader for over 35 years, with millions of servo drives working 24/7 worldwide. Elmo offers complete motion control solutions from design to delivery of cutting-edge servo drives, network-based multi-axis motion controllers, and integrated servo motors. All solutions can be customized and configured using Elmo’s proprietary advanced and easy-to-use software tools for any machine in any industry, such as semiconductors, lasers, robots, life sciences, industrial automation, AGV, and more. The company employs more than 350 personnel with headquarters in Israel and offices in the United States, China, Germany, Italy, Korea, Singapore, and an additional manufacturing facility in Poland. Elmo has a worldwide distribution network. By advancing motion control with state-of-the-art technology, Elmo makes smart machines even smarter. As of 2022, Elmo is a Bosch Rexroth company.

For more information, visit www.elmomc.com or email marketing@elmomc.com.

Copyright 2025. All brand names are the property of their respective owners and may or may not be trademarked.

Media Contact

Robert Dugan, Marketing Manager at Elmo Motion Control
T: +972-(3)-929-2300 (ext. 368)
E: robertond@elmom.com

Logo – https://mma.prnewswire.com/media/2209952/Elmo_Motion_Control_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/elmo-motion-control-kicks-off-the-2025-global-roadshow-at-smart-factory-and-automation-world-korea-302394737.html

Continue Reading

Trending