Technology

H&M Group invests in Rondo Energy to further strengthen their climate strategy

Published

3 months ago

June 19, 2024

The global fashion retailer H&M Group is investing in Rondo and joining Rondo’s Strategic Investor Advisory Board to explore the potential for heat storage technologies to help decarbonize the textile supply chain.

ALAMEDA, Calif., June 19, 2024 /PRNewswire/ — Fashion company H&M Group is partnering with Rondo Energy, the leading provider of zero-carbon industrial heat and power, to explore the potential for heat storage technologies in its supply chain. The fashion company is also making an investment in Rondo and joining Rondo’s Strategic Investor Advisory Board (SIAB). The new collaboration will help Rondo deliver clean, affordable heat powering textile factories around the world.

Rondo Heat Batteries combine century-old materials and cutting-edge automation to turn intermittent renewable electricity into the continuous, high-temperature heat and power required by industries including textile producers. H&M Group and Rondo will explore opportunities for factories in the group’s global supply chain to replace fossil fuels with clean heat and power delivered by Rondo Heat Batteries. Rondo will use H&M Group Ventures’ investment to expand its international operations and to develop and build storage projects serving this need.

Rondo Heat Batteries deliver deep decarbonization by changing the fuel, not the factory. As a member of Rondo’s advisory board, H&M Group will join other global leaders seeking large-scale, low-cost, zero-carbon energy to power their operations, including Rio Tinto, Aramco Ventures, SABIC, SCG, TITAN, and SEEIT.

“Producing and finishing fabrics requires large amounts of low-cost energy, which makes our brick batteries a perfect fit,” said John O’Donnell, Founder & Chief Innovation Officer of Rondo Energy. “Today, coal delivers most of the heat and most of the carbon pollution making fabrics, because it’s always been cheap and simple to burn. But the world is changing. Region by region around the world, wind and solar power are becoming cheaper than fossil fuels. At Rondo, we’ve created a simple, practical tool to harness those new energy sources.”

“Rondo is thrilled to be working in partnership with H&M Group to explore how our technology can be of use in their supply chain, and to have H&M as an investor and member of our Strategic Investor Advisory Board,” said Eric Trusiewicz, CEO of Rondo Energy.

The fashion industry has been called “hard to decarbonize,” due to the structure of the industry and its needs for low-cost energy. Today, making what we wear releases some 5% of global greenhouse gases, and emissions are rising every year. Rondo Heat Batteries replace most fossil fuel use in fabric production, and could cut the carbon footprint of our clothing by nearly two-thirds.

H&M Group has been investing steadily in decarbonizing its supply chain through several initiatives to support suppliers reducing their use of energy, increasing their use of renewable electricity and replacing fossil fuels. Now H&M Group’s investment arm, H&M Group Ventures, is taking the next step with Rondo.

“Rondo is H&M Group Venture’s first investment in decarbonisation technology. The company’s thermal battery energy storage has the potential to help factories electrify, which is key to achieving our climate targets. We look forward to working closely with Rondo and the broader ecosystem in scaling decarb tech,” said Laura Coppen, Sustainability Investments at H&M Group Ventures.

Southeast Asia is a center of the world textile industry, where companies like H&M Group are seeking to further create positive impact for people, the planet and economies. Rondo is well suited to serve H&M Group’s work in this region, with a growing presence and experience base in the region today. In May, Rondo and SCG Cleanergy announced Southeast Asia’s first heat battery, and the world’s first heat battery powering a cement plant. Rondo and SCG have established large-scale production capacity in Thailand, and announced plans to scale production capacity to 90GWh/year.

About Rondo Energy

Rondo Energy enables industrial decarbonization—both feasible and profitable—today. The Rondo Heat Battery harnesses low-cost renewable electricity and delivers the world’s highest temperature, highest efficiency energy storage of any kind, empowering customers to operate with zero-carbon energy.

In March 2023, Rondo started the first commercially operating electric thermal energy storage system in the U.S., with the highest efficiency and temperature energy storage worldwide.

Learn more at rondo.com.

About H&M Group

H & M Hennes & Mauritz AB (publ) was founded in Sweden in 1947 and is quoted on Nasdaq Stockholm. H&M’s business idea is to offer fashion and quality at the best price in a sustainable way. In addition to H&M, the group includes the brands COS, Monki, Weekday, & Other Stories, H&M HOME, ARKET, Afound and Sellpy. H&M Group’s investment arm H&M Group Ventures makes long-term investments in entrepreneur-led companies working with solutions for a circular and more sustainable fashion industry. Learn more at hmgroup.com and hmgroupventures.com

View original content:https://www.prnewswire.co.uk/news-releases/hm-group-invests-in-rondo-energy-to-further-strengthen-their-climate-strategy-302176944.html

Technology

Zentera Systems Sponsors Zero Trust Architecture Implementation Summit, Showcasing Industry-Leading Zero Trust Strategies

Published

3 mins ago

September 22, 2024

Top Cybersecurity Experts Unite in Taiwan to Share Real-World Zero Trust Solutions and Strategies

MILPITAS, Calif., Sept. 22, 2024 /PRNewswire/ — Zentera Systems, Inc., the leader in Zero Trust Security for the digitally-transformed enterprise, today announced that it is co-sponsoring and co-hosting the Zero Trust Architecture Implementation Summit in conjunction with Taiwan National University of Science and Technology. The event will take place on October 3, 2024, at the Renaissance Taipei Hotel, and will bring together top cybersecurity leaders to explore evolving challenges and practical strategies for implementing Zero Trust architecture.

The event will feature a special keynote by Dr. Chase Cunningham (also known as “Dr. Zero Trust“) – a cybersecurity advisor to the U.S. government, former Vice President and Principal Analyst at Forrester, and a consultant on the NIST SP800-207 Zero Trust Architecture. Dr. Cunningham will be speaking on “From Revelation to Application: New Cyber Threats and the Realities of Zero Trust Implementation,” sharing his extensive experience and insights on implementing Zero Trust security. Having played a critical role in the development of the Zero Trust framework from its inception, Dr. Cunningham will help businesses and organizations understand the key challenges they may encounter during the planning and deployment process, along with the strategies and actions they should take to ensure their security frameworks are robust, effective, and adaptable to the ever-evolving cyber threats.

Dr. Jaushin Lee, Founder and CEO of Zentera Systems, will also present “From Theory to Practice: How to Make the Zero Trust Goal Actionable and Attainable.” Lee will also moderate a panel featuring industry experts, including Robert Jin, CISO at ASUS Group, and Thomas Wan, General Manager at Ernst & Young Management Consulting Co., and Dr. Ying-Dar Lin, Deputy Director of the National Institute for Cyber Security (NICS). The panel will discuss strategies for successful Zero Trust implementation across various industries.

“As cybersecurity threats to Taiwanese industries intensify, Zero Trust offers an indispensable framework to secure digital assets. At Zentera, we are committed to providing the tools and insights necessary to help companies achieve real-world Zero Trust implementation,” said Jaushin Lee. “We are proud to contribute to this summit and help businesses transform Zero Trust theory into practice.”

The Zero Trust Architecture Implementation Summit promises to provide actionable insights for organizations looking to enhance their cybersecurity posture. Attendees will gain valuable knowledge from real-world case studies and expert discussions on overcoming the challenges of Zero Trust adoption.

Don’t miss this opportunity to learn from industry leaders. Register now for insights that will transform your Zero Trust strategy. To learn more about how Zentera’s solutions can transform your Zero Trust journey, visit our web site.

About Zentera Systems, Inc.

Zentera Systems is the leader in Zero Trust Security solutions for the digitally-transformed enterprise. Founded by experts in networking, security, and remote access, the company offers award-winning Zero Trust networking, security, and multi-cloud connectivity that overlays any fragmented infrastructure and deploys rapidly on premises or in the cloud. Global enterprises use Zentera’s products to secure employee and third-party access, protect against data leaks, and instantly defend applications in complex hybrid and IT/OT environments. The Silicon Valley-based company has received numerous recognitions, including Cool Vendor for Cloud Security by Gartner.

Press Contact: Katie Quaranta, PR Manager, +1 (949) 236-6448 x 770, https://www.zentera.net/

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SOURCE Zentera Systems, Inc.

Technology

DANAconnect and eSource Capital Launch PayrollTrace for Digital Payroll Compliance

Published

3 hours ago

September 22, 2024

PayrollTrace is an innovative, secure platform for paperless payroll receipt delivery, ensuring regulatory compliance and real-time traceability.

FORT LAUDERDALE, Fla., Sept. 22, 2024 /PRNewswire-PRWeb/ — DANAconnect, the leading company in automated business communications, in collaboration with eSource Capital, a prominent Google Cloud Partner in Latin America, announce the launch of PayrollTrace, an innovative platform designed for the secure and efficient digital delivery of payroll receipts, ensuring regulatory compliance and complete traceability in every transaction.

Paul Kienholz, CEO of DANAconnect, highlighted: “PayrollTrace is the next step in automating critical business processes, enabling companies to eliminate paper and manage payroll receipt deliveries with full confidence and transparency, while ensuring regulatory compliance.”

PayrollTrace automates the delivery of payroll receipts through multiple channels, including email and SMS, completely eliminating the use of paper or reliance on email. This solution not only simplifies human resources processes but also ensures regulatory compliance with verifiable technical reports that allow companies to manage and audit receipt deliveries in real time.

Juan Aguilera Franceschi, Managing Partner at eSource Capital, added: “Our partnership with DANAconnect allows us to offer companies in the region a robust solution that optimizes payroll management. PayrollTrace provides the security and flexibility companies need to manage payments efficiently and sustainably.”

The partnership between DANAconnect and eSource Capital combines DANAconnect’s strength in omnichannel business communications with eSource Capital’s expertise in cloud digital transformation. Together, they aim to provide businesses across the Americas with a comprehensive solution that not only optimizes payroll delivery but also ensures compliance with local regulations, guaranteeing that every transaction is backed by complete audits.

About DANAconnect

DANAconnect is a North American company and a leader in communication automation for financial companies through its omnichannel platform. It sends communications to more than 10% of the population of the Americas every month, ensuring secure deliveries, traceability, and large-scale regulatory compliance.

About eSource Capital

eSource Capital is a leading Google Cloud partner in Latin America, specializing in digital transformation and cloud solutions. With a focus on Google Workspace and Google Cloud, eSource Capital helps companies optimize their operations in the digital environment.

Media Contact

Fabiana Arroyo, DANAconnect Corp., 1 8556003262, info@payrolltrace.com, https://www.payrolltrace.com

Twitter, LinkedIn

View original content to download multimedia:https://www.prweb.com/releases/danaconnect-and-esource-capital-launch-payrolltrace-for-digital-payroll-compliance-302254651.html

SOURCE DANAconnect Corp.

Technology

Siemon Announces Optical Patching Solutions for GenAI Networks Using NVIDIA Accelerated Computing

Published

9 hours ago

September 22, 2024

Siemon announces it is offering its full range of optical patching solutions to work specifically with NVIDIA AI infrastructure for generative AI networks.

WATERTOWN, Conn., Sept. 22, 2024 /PRNewswire-PRWeb/ — The Siemon Company, a global leader in network infrastructure solutions, today announced it is offering its full range of optical patching solutions to work specifically with NVIDIA AI infrastructure for generative AI networks. Large complex GPU clusters can benefit from using structured cabling patch panels versus point-to-point cabling. Siemon acts as a trusted advisor to customers by providing expert advice and best practice recommendations for design & deployment of NVIDIA AI Infrastructure.

“Siemon is very familiar with NVIDIA reference architectures and has worked with many customers to design and deploy NVIDIA clusters… Siemon offers a full range of AI-ready fiber cabling, DAC, and AOC solutions that support 400G, 800G, and 1.6T applications.”

As part of the solution integration, Siemon has joined the NVIDIA Partner Network (NPN) as a Solution Advisor Consultant. NPN Solution Advisor Consultants provide consultation services and expert advice to customers looking to implement NVIDIA-based solutions or technologies. Siemon joins the network to offer its expertise in addressing the unique infrastructure and cabling challenges presented by accelerated computing.

NVIDIA optical reach specifications are calculated assuming two optical patch panels are used in the link and assuming each employ two optical connectors, which makes for a total allowance of four optical connectors in the link. The Siemon optical patching solutions meet NVIDIA requirements and provide customers with flexibility and ease of management.

Media Contact

Brian Baum, Siemon, 1 8609454200, brian_baum@siemon.com

View original content:https://www.prweb.com/releases/siemon-announces-optical-patching-solutions-for-genai-networks-using-nvidia-accelerated-computing-302254640.html

SOURCE Siemon