Connect with us

Technology

Climate United Launches Historic $250M Electric Drayage Truck Program to Provide Affordable, Accessible Financing for Zero-Emission Vehicles

Published

on

In partnership with Forum Mobility, the largest order of all-electric drayage trucks in U.S. history will support small fleet owners in the transition to zero-emission and improve public health.

LOS ANGELES, Oct. 29, 2024 /PRNewswire/ — Today, Climate United announced a new program to offer affordable leasing options to small fleets and independent operators to lower operational costs and reduce air pollution in port communities, beginning at the Ports of Long Beach and Los Angeles with the intention to expand nationally. Leveraging a $6.97 billion award from the Environmental Protection Agency’s National Clean Investment Fund, Climate United Fund intends to invest up to $250 million to purchase up to 500 class 8 electric trucks, making it the largest single order of electric trucks in U.S. history. This program will accelerate the growth of electric truck manufacturing and battery technology innovation that is needed to deploy zero-emission, heavy-duty vehicles in communities across America.

“Electric drayage trucks cost less to operate, but high upfront costs make it difficult for independent owner-operators and small fleets to transition to all-electric,” said Beth Bafford, CEO of Climate United. “Through tax credits, incentives, and attractive financing, we are significantly reducing a cost barrier to sustain small businesses and help them lead the transition to electric vehicles. Investing in an inclusive green economy means supporting and growing small businesses, reducing pollution, improving public health in local communities that have historically borne the brunt of truck pollution, while building supply chains that make America more competitive globally.”

Climate United is partnering with California-based Forum Mobility to develop a program that meets the needs of small fleet operators. Forum Mobility is building a network of staffed and secure electric truck charging depots in California ports and along common freight routes, and provides charging services to help fleets navigate the transition to zero-emission vehicles. Elemental Impact, a non-profit investor in climate technologies, is further assisting Forum Mobility with policy support, community engagement, and additional wrap-around program services. California regulation requires all of California’s drayage fleet of approximately 33,000 trucks to be zero-emission by 2035. Forum Mobility’s partnership with Climate United will help ensure small operators are not left behind in that transition.

“Eighty percent of California’s drayage registry is comprised of small fleets, and it’s our job to make sure the transition to zero-emissions leaves no one behind, that fleets of all sizes have the opportunity to prosper,” said Matt LeDucq, CEO and co-founder of Forum Mobility. “The network of truck charging depots we are building will give fleets access to reliable charging, where they need it. For us, success means not just cleaner air for port communities, but also lower costs per mile for truckers, and this partnership between Forum Mobility and Climate United is a gamechanger.”

The Ports of Long Beach and Los Angeles account for more than 30% of all container imports to the United States, and pollutants from diesel drayage trucks harm the health of nearby port communities, which are disproportionately low-income communities and communities of color. Regional pollution of PM2.5 and nitrogen oxides leads to an estimated 483 premature deaths and more than 15,000 asthma attacks per year, two-thirds of which occur in low-income communities. This project will mitigate these negative health impacts while decreasing emissions by an estimated 50,000 tons of CO2 per year.

“The Port of Long Beach plays a critical role in our nation’s supply chain and our local economy, and this project is an opportunity to become a global leader in the transition to zero-emission trucks,” said Long Beach Mayor Rex Richardson. “By helping small fleet owners transition to electric trucks, we can support local businesses while creating cleaner air and better public health for local communities.”

“For zero-emission battery-electric truck deployments to scale, cost has to be at the forefront of any discussion,” said Matt Schrap, CEO of the Harbor Trucking Association (HTA). “HTA appreciates innovative solutions that can help support fleets in this push for zero-emission. It is always encouraging to see a program that reduces upfront costs by pairing both infrastructure and the truck together. They are inexorably intertwined, you can’t have one without the other and when the two are combined, it solves a lot of challenges for carriers.”

Climate United Fund is requesting proposals from qualified manufacturers to deliver up to 500 electric drayage trucks and will be prioritizing vehicles with domestically made parts and assembled in the U.S., creating good-paying green jobs for American workers. Interested applicants can learn more and apply at ClimateUnited.org.

About Climate United
Climate United is a national nonprofit coalition leveraging $6.97 billion from the U.S. Environmental Protection Agency’s National Clean Investment Fund program to invest in green solutions and remove financial barriers to clean technologies so every American benefits from good-paying jobs, lower energy bills, and better public health. Formed by Calvert Impact, Community Preservation Corporation, and Self-Help, the coalition brings decades of experience in impact investing to increase environmental sustainability and unlock new, lasting economic opportunities in low-income and disadvantaged communities. Learn more at ClimateUnited.org.

About Forum Mobility
Forum Mobility is a leading zero emission trucking solutions provider. Forum builds and operates heavy duty electric truck charging depots, and provides customers with charging – or a truck plus charging together – to make the transition to zero emission vehicles as easy as possible. Learn more at forummobility.com.

Media Contacts
Brooke Durham
Climate United, Director of Communications
(404) 840 4170
bdurham@climateunited.org

Adam Browning
Forum Mobility, EVP of Policy and Communications
(510) 520 0630
abrowning@forummobility.com

This project has been funded wholly or in part by the United States Environmental Protection Agency under assistance agreement 84094001 to Climate United Fund. The contents of this document do not necessarily reflect the views and policies of the Environmental Protection Agency, nor does the EPA endorse trade names or recommend the use of commercial products mentioned in this document.

View original content to download multimedia:https://www.prnewswire.com/news-releases/climate-united-launches-historic-250m-electric-drayage-truck-program-to-provide-affordable-accessible-financing-for-zero-emission-vehicles-302289291.html

SOURCE Forum Mobility

Continue Reading
Click to comment

Leave a Reply

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

Technology

TORRAS to Showcase Pioneering Personal Air-Conditioning Cooling Tech and More at CES 2025

Published

on

By

HONG KONG, Jan. 2, 2025 /PRNewswire/ — TORRAS, a pioneering consumer electronics and accessories brand, will participate in CES 2025, the world’s largest electronics trade conference from January 7-10, 2025. At TORRAS’ booth (#30847, South Hall 1), the brand will showcase its innovative personal cooling gadgets, charging technology and signature cases. 

“At TORRAS, we are committed to delivering high-quality experiences through innovation. We are thrilled to join CES 2025 to not only showcase our best products and technology in front of the world, but also experience them in person,” said Carrie Kong, CEO of TORRAS. 

Revolutionizing Cooling Tech
TORRAS will present its cooling products featuring its updated cooling innovation, Coology, which utilizes cutting-edge TEC semiconductors and proprietary materials to realize rapid heat dissipation. The TORRAS COOLiFY series of neck air conditioners leverage this technology to deliver cool air against hot zones around a user’s neck, helping them stay cool during hot weather and outdoor work. COOLiFY serves as a refuge from oppressive heat, a catalyst for enhanced productivity in high-temperature work environments, and a reliable safeguard against the risks of heat stroke.

Also incorporating Coology, the PolarCircle wireless charger features over 200 fins to help both itself and a charging smartphone maintain a cool temperature as low as 16°C/60.8°F for an optimized and safe charging experience. The PolarCircle does not only prolongs the lifespan of the battery but also enhances safety by vigilantly monitoring every aspect of the charging cycle.

Innovation and High Quality
As the brand behind the world’s first Ostand phone case, TORRAS attributes great importance to product innovation and quality. Visitors to TORRAS’ CES 2025 booth can hold in their hands the brand’s premium smartphone cases and learn more about the engineering behind the case finishes, stand bearings, the eight-layer magnetic case structure fitted in the 3mm back panel, and much more.

Beyond CES 2025
TORRAS will also participate in two premier media events, Pepcom and CES Unveiled, where visitors can experience TORRAS’ innovative products firsthand and take part in an immersive experience designed to provide a vivid demonstration of the brand’s vision. 

The TORRAS booth (#30847) is in South Hall 1, Las Vegas Convention Center. The booth is staffed from 09:00 – 18:00 PST for the duration of CES 2025, which takes place January 7-10, 2025. 

About TORRAS
TORRAS is an innovative and award-winning consumer electronics and accessories brand. We strive to constantly shatter the ordinary so consumers can enjoy a high-quality lifestyle. TORRAS aims to assist users in fully engaging in every aspect of life and enabling them to unleash their full potential anytime and anywhere. Since 2012, TORRAS has served over 100 million people in more than 148 regions with its products and services. For more information, please visit www.torraslife.com.

Media Contact
TORRAS Marketing: marketing@torraslife.com 
TORRAS PR Manager: ashley@torras-global.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/torras-to-showcase-pioneering-personal-air-conditioning-cooling-tech-and-more-at-ces-2025-302340599.html

SOURCE TORRAS

Continue Reading

Technology

SK hynix to Unveil ‘Full Stack AI Memory Provider’ Vision at CES 2025

Published

on

By

– SK hynix to showcase technological capabilities, participating in the world’s largest consumer electronics show, CES 2025, from January 7-10

– Featuring a wide range of products driving the AI era, from HBM, the core of AI infrastructure, to next-gen memories like PIM

– Company to present new possibilities in the AI era through technological innovation and provide irreplaceable value

SEOUL, South Korea, Jan. 2, 2025 /PRNewswire/ — SK hynix Inc. (or “the company”, www.skhynix.com) announced today that it will showcase its innovative AI memory technologies at CES 2025, to be held in Las Vegas from January 7 to 10 (local time).

A large number of C-level executives, including CEO Kwak No-jung, CMO (Chief Marketing Officer) Justin Kim and Chief Development Officer (CDO) Ahn Hyun, will attend the event. “We will broadly introduce solutions optimized for on-device AI and next-generation AI memories, as well as representative AI memory products such as HBM and eSSD at this CES,” said Justin Kim. “Through this, we will publicize our technological competitiveness to prepare for the future as a ‘Full Stack AI Memory Provider1’.”

1Full Stack AI Memory Provider: Refers to an all-round AI memory provider, which provides comprehensive AI-related memory products and technologies

SK hynix will also run a joint exhibition booth with SK Telecom, SKC and SK Enmove, under the theme “Innovative AI, Sustainable Tomorrow.” The booth will showcase how SK Group’s AI infrastructure and services are transforming the world, represented in waves of light.

SK hynix, which is the world’s first to produce 12-layer HBM products for 5th generation and supply them to customers, will showcase samples of HBM3E 16-layer products, which were officially developed in November last year. This product uses the advanced MR-MUF process to achieve the industry’s highest 16-layer configuration while controlling chip warpage and maximizing heat dissipation performance.

In addition, the company will display high-capacity, high-performance enterprise SSD products, including the ‘D5-P5336’ 122TB model developed by its subsidiary Solidigm in November last year. This product, with the largest existing capacity, high power and space efficiency, has been attracting considerable interest from AI data center customers.

“As SK hynix succeeded in developing QLC2 (Quadruple Level Cell)-based 61TB products in December, we expect to maximize synergy based on a balanced portfolio between the two companies in the high-capacity eSSD market” said Ahn Hyun, CDO at SK hynix. The company will also showcase on-device AI products such as ‘LPCAMM23’ and ‘ZUFS 4.04,’ which improve data processing speed and power efficiency to implement AI in edge devices like PCs and smartphones. The company will also present CXL and PIM (Processing in Memory) technologies, along with modularized versions, CMM(CXL Memory Module)-Ax and AiMX5, designed to be core infrastructures for next-generation data centers.

2QLC: NAND flash is divided into SLC (Single Level Cell), MLC (Multi Level Cell), TLC (Triple Level Cell), QLC (Quadruple Level Cell), and PLC (Penta Level Cell) depending on how much information is stored in one cell. As the amount of information stored increases, more data can be stored in the same area.

3Low Power Compression Attached Memory Module 2 (LPCAMM2): LPDDR5X-based module solution that provides power efficiency and high performance as well as space savings. It has the performance effect of replacing two existing DDR5 SODIMMs with one LPCAMM2.

4Zoned Universal Flash Storage (ZUFS): A NAND Flash product that improves efficiency of data management. The product optimizes data transfer between an operating system and storage devices by storing data with similar characteristics in the same zone of the UFS, a flash memory product for various electronic devices such as digital camera and mobile phone.

5Accelerator-in-Memory based Accelerator (AiMX): SK hynix’s accelerator card product that specializes in large language models using GDDR6-AiM chips

In particular, CMM-Ax is an groundbreaking product that adds computational functionality to CXL’s advantage of expanding high-capacity memory, contributing to improving performance and energy efficiency of the next-generation server platforms6.

6Platform: Refers to a computing system that integrates both hardware and software technologies. It includes all key components necessary for computing, such as the CPU and memory.

“The changes in the world triggered by AI are expected to accelerate further this year, and SK hynix will produce 6th generation HBM (HBM4) in the second half of this year to lead the customized HBM market to meet the diverse needs of customers,” said Kwak Noh-Jung, CEO at SK hynix. “We will continue to do our best to present new possibilities in the AI era through technological innovation and provide irreplaceable value to our customers.”

About SK hynix Inc.

SK hynix Inc., headquartered in Korea, is the world’s top-tier semiconductor supplier offering Dynamic Random Access Memory chips (“DRAM”), flash memory chips (“NAND flash”), and CMOS Image Sensors (“CIS”) for a wide range of distinguished customers globally. The Company’s shares are traded on the Korea Exchange, and the Global Depository shares are listed on the Luxemburg Stock Exchange. Further information about SK hynix is available at www.skhynix.com, news.skhynix.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/sk-hynix-to-unveil-full-stack-ai-memory-provider-vision-at-ces-2025-302341613.html

SOURCE SK hynix Inc.

Continue Reading

Technology

Secondary Tickets Market, 28% of Growth to Originate from North America, Technavio

Published

on

By

NEW YORK, Jan. 2, 2025 /PRNewswire/ — The global secondary tickets market size is estimated to grow by USD 9.05 billion from 2025 to 2029, according to Technavio. The market is estimated to grow at a CAGR of 8.4% during the forecast period.

For comprehensive forecast and historic data on regions,market segments, customer landscape, and companies- Click for the snapshot of this report

Report Attribute

Details

Base Year

2024

Forecast period

2025-2029

Historic Data for

2019 – 2023

Segments Covered

Type (Sports events, Concerts, Performing arts, and Movies), Mode Of Booking (Online and Offline), and Geography (North America, Europe, APAC, South America, and Middle East and Africa) 

Key Companies Covered

Ace Ticket LLC, Anschutz Entertainment Group Inc., Citizen Ticket Ltd., Coast To Coast Tickets LLC, CTS Eventim AG and Co. KGaA, eBay Inc., Eventbee Inc., Eventbrite Inc., Face-value Alliance Ticketing Ltd., Ideabud LLC, Live Nation Entertainment Inc., PrimeSport LLC, SeatGeek Inc., Ticket City Inc., TicketNetwork Inc., TickPick LLC, TiqIQ LLC, Twickets Ltd., Viagogo Entertainment Inc., and Vivid Seats Inc. 

Regions Covered

North America, Europe, APAC, South America, and Middle East and Africa

Region Outlook

North AmericaEuropeAsiaRest of World

1. North America – North America is estimated to contribute 28%. To the growth of the global market. The Secondary Tickets Market report forecasts market growth by revenue at global, regional & country levels from 2017 to 2027. In the geographic landscape of the secondary tickets market, fraudulent activities such as ticket scalping and the resale of tickets continue to pose moral concerns for sincere fans. Exorbitant costs, driven by dishonest persons using bots and automated software, create risks for consumers seeking acceptable prices. The global market for tickets, including concerts, sports events, theater performances, and special events, has become a commanding presence in the entertainment industry. Urbanization and digital platforms have expanded the market, making trips and experiences more accessible but also increasing the prevalence of deceptive advertising on third-party platforms. Technological changes, such as sophisticated bots and algorithms, have complicated security measures for individual sellers and professional resellers/brokers. Blockchain technology offers potential solutions through ticket ownership and authenticity, but consumer complaints persist due to inflated prices and the risks associated with automated scalping. Equitable ticket allocation and a user-friendly ecosystem remain elusive goals in this complex market.

The secondary tickets market refers to the sale of tickets for events that have already been purchased by individuals but are now being resold. This market provides an opportunity for fans to purchase tickets to sold-out events. It operates through various platforms, including online marketplaces and brokers. The demand for secondary tickets is driven by the desire to attend popular events that may have limited ticket availability. The market functions based on supply and demand principles, with prices fluctuating according to the availability and desirability of the tickets. It’s essential to note that the purchase of secondary tickets may come with additional fees and potential risks, such as the possibility of counterfeit tickets.

For more insights on North America’s significant contribution along with the market share of rest of the regions and countries – Download a FREE Sample

Segmentation Overview

Type1.1 Sports events1.2 Concerts1.3 Performing arts1.4 MoviesMode Of Booking2.1 Online2.2 OfflineGeography3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

Get a glance at the market contribution of rest of the segments – Download a FREE Sample Report in minutes!

1.1 Fastest growing segment:

The secondary tickets market refers to the sale of tickets for events that have already been purchased by individuals but are now being resold. This market provides an opportunity for fans to purchase tickets to sold-out events. It operates through various platforms, including online marketplaces and brokers. The demand for secondary tickets is driven by the desire to attend popular events that may have limited ticket availability. The market functions based on supply and demand principles, with prices fluctuating according to the availability and desirability of the tickets. It’s essential to note that the purchase of secondary tickets may come with additional fees and potential risks, such as the possibility of counterfeit tickets.

Research Analysis

The secondary tickets marketplace experiences significant demand during sold-out concerts, big athletic events, and blockbuster theatrical plays. This demand often leads to a spike in prices, making tickets unaffordable for sincere fans. The resale of tickets through unofficial channels and third-party platforms poses moral concerns and risks, including fraudulent activities, unfair competition, and deceptive advertising. Dishonest persons use automated software and bots to buy tickets in restricted quantities, leading to inflated prices and exorbitant costs. Ethical considerations and customer trust are crucial in this market, as fans seek convenience without falling victim to fraudulent scalpers.

Market Overview

The Secondary Tickets Market refers to the sale and purchase of tickets for events that have already been issued. This market operates independently of the primary market, which sells tickets directly from the event organizers or venues. The demand for secondary tickets arises due to various reasons such as unavailability of tickets in the primary market, high demand for popular events, or the convenience of purchasing tickets closer to the event date. The market for secondary tickets is regulated by various laws and regulations to prevent fraudulent activities and ensure fair pricing. The use of technology, such as mobile applications and websites, has significantly increased the accessibility and convenience of buying and selling secondary tickets. The market for secondary tickets is a dynamic one, with prices fluctuating based on various factors such as demand, supply, and the proximity of the event date.

Start exploring market insights by Download a FREE Sample Report in minutes!

Key Topics Covered:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/secondary-tickets-market-28-of-growth-to-originate-from-north-america-technavio-302340146.html

SOURCE Technavio

Continue Reading

Trending