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New Investments to Help Yukoners Reduce Energy Costs and Stay Warm

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WHITEHORSE, YT, Dec. 19, 2024 /CNW/ – Yukon residents know how to live with Arctic outdoor temperatures, but indoors they need good heating systems to live comfortably and affordably in extreme weather.

Today, Member of Parliament Brendan Hanley,  on behalf of the Honourable Jonathan Wilkinson and the Honourable Steven Guilbeault, announced a federal investment of $1.4 million from the Oil to Heat Pump Affordability program (OHPA) and approximately $287,000 from Canada’s Low Carbon Economy Fund (LCEF) to support climate action in the Yukon and help low-to-median-income homeowners reduce their energy costs. He was joined by John Streicker, Yukon Minister for Energy, Mines and Resources, who announced an additional $700,000 in territorial funding toward this initiative.

As part of the Oil to Heat Pump Affordability program, low- and median-income Yukon homeowners could receive a rebate of up to $24,000 plus an upfront payment of $250 to add high-efficiency heat pumps in homes currently heated with oil. Low- to median-income Yukon residents who own homes heated with other energy types such as propane, wood or electric baseboards could also be eligible for cold-climate heat pump rebates funded by the Yukon Government and the LCEF.

The federal government also has OHPA program co-delivery arrangements in place with British Columbia, Newfoundland and Labrador, Nova Scotia and Prince Edward Island. Active discussions are underway with other provinces and territories to deliver new, strengthened OHPA co-delivery agreements to make heat pumps even more affordable for Canadians across the country. In jurisdictions without co-delivery arrangements, oil-heated households can continue to apply to the national program to receive up to $10,000 in federal OHPA funding for switching to electric heat pumps.

Together, we can take steps to reduce energy usage and bills, help Canadians maintain safe and comfortable indoor temperatures, reduce their carbon emissions and help to protect our homes from the increasingly harmful effects of climate change — all while creating good-paying, sustainable jobs.

Quotes

“Making the switch to more energy-efficient heating systems can help Canadians save thousands on their energy bills, reduce their energy use and decrease their carbon footprint. That’s why we are strengthening the Oil to Heat Pump Affordability program and ensuring that families in the Yukon are supported in making the switch from heating oil to an efficient heat pump.”

The Honourable Jonathan Wilkinson
Minister of Energy and Natural Resources

“Yukoners face some of the coldest temperatures in Canada and need reliable, affordable heating systems to stay warm. This is now truer than ever as climate change is making our weather increasingly unpredictable. Heat pumps are an efficient way to heat homes while reducing emissions, protecting the environment and helping Canadians save on their utility bills. That’s why we are investing in programs like this that support the transition and get us closer to our emission reduction goals.”

The Honourable Steven Guilbeault
Minister of Environment and Climate Change

“Transitioning to energy-efficient heating systems offers Canadians and Yukoners the opportunity to save money on more-efficient home energy systems. The Oil to Heat Pump Affordability program will ensure that families in the Yukon receive the necessary support to switch from heating oil to efficient heat pumps, which will benefit local installers and businesses while also helping ease northern Canada’s pathway to home heating that is less expensive and more environmentally friendly.”

Brendan Hanley
Member of Parliament for Yukon

“Our government believes that we can save money and our planet at the same time. Through Our Clean Future, our government committed to helping Yukoners transition from fossil fuels to smart electric heating systems like heat pumps. I’m pleased that these new investments will help make life more affordable for Yukoners while reducing our territory’s greenhouse gas emissions.”

The Honourable John Streicker
Yukon Minister of Energy, Mines and Resources

Quick facts

The Oil to Heat Pump Affordability program was first introduced in November 2022 as a $250-million investment in a new stream within the Canada Greener Homes Initiative. On February 22, 2023, the program was opened to pre-registration and was fully launched in late March 2023, with the first grants being issued shortly thereafter.Introduced in October 2023, the federal government announced working with provinces and territories on co-delivery agreements including:A strengthened OHPA program that will partner with provinces and territories to increase federal funding eligible homeowners can receive for installing a heat pump from up to $10,000 to up to $15,000, where up to $5,000 matches supplementary provincial and territorial contributions via co-delivery arrangements.An upfront payment of $250 for eligible applicants through the Canada Heat Pump Bonus.The Low Carbon Economy Fund supports provincial and territorial initiatives to reduce greenhouse gas emissions. This can include support for households to switch from oil or natural gas to heat pumps and increase energy efficiency in their homes.Heat pumps are one of the best ways for homeowners to save money on energy bills and fight climate change. They are also two to three times more efficient than other electric home heating sources. This results in greater savings for homeowners and reduced energy intake for utilities and grids.Every year, on average, a household participating in the Oil to Heat Pump Affordability program saves $1,337 on energy costs and achieves 2.78 tonnes in greenhouse gas reductions.The Oil to Heat Pump Affordability program has received approximately 287,000 applications to date nationally.Under Budget 2024, the Government of Canada is taking numerous steps to make life more affordable for Canadians while addressing climate change. This includes the Canada Greener Homes Affordability Program, which will support the direct installation of energy efficiency retrofits for Canadian households with low to median incomes.

Related Information

Yukon: Rebates on Your Home Heating SystemOil to Heat Pump Affordability programLow Carbon Economy FundCanada Greener Homes InitiativeCanada Greener Homes Affordability ProgramCanada Green Buildings StrategyElectric Heat Pumps

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SOURCE Natural Resources Canada

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LG LAUNCHES FREE AUDIO STREAMING SERVICE WITH EASY ACCESS AND SIMPLE, DYNAMIC USER EXPERIENCE

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LG Radio+ Brings LG Smart TV Users Free Listening to a Wide Range of Popular Podcasts and Live Stations, also Accessible from LG’s Audio Devices

ENGLEWOOD CLIFFS, N.J., Dec. 20, 2024 /PRNewswire/ — LG Electronics (LG) has launched LG Radio+, the company’s ad-supported audio streaming service, now available on LG smart TVs running webOS 6.0 and above. This new service allows users to effortlessly access a diverse selection of podcasts and radio programs. For a streamlined user experience, LG Radio+ will work with the LG ThinQ app,1 providing users with a convenient way to access and enjoy their favorite audio content no matter where they are in the room.

To offer a curated list of audio streaming content, LG has partnered with global radio and audio provider Radioline, giving users an all-in-one audio platform allowing effortless access to news, sports, music and more. Available in the US and Korea, LG smart TV users can explore a range of live stations and podcasts, with options such as NPR, CNN Radio, Fox Radio or The Joe Rogan Experience in US, or popular local stations and podcasts in Korea.

The LG Radio+ app can be accessed from the Content Store or Apps or by using the voice search function of the LG Magic Remote, providing a fast and convenient way to discover new listening content.

For quick and easy exploration, LG Radio+ has an intuitive interface with a comprehensive channel list, presenting popular audio channels on the On Air page, alongside a personalized selection of favorite channels. Users can navigate the On Air and Podcast pages to access their desired audio streaming content, while the Featured page provides a dynamic view of trending music, updated in real-time to highlight the most popular or season hits. This enables users to search, discover and enjoy their preferred audio content with ease out of a large library of over 14,500 channels in US and over 440 available in Korea.

As part of LG’s commitment to enhancing user convenience and connectivity across the company’s life-enriching products, listeners will be able to access LG Radio+ through the LG ThinQ app,2 enabling enjoyable audio streaming on LG audio devices with minimal effort. What’s more, LG Radio+ will also be available to access through the My button on xboom speakers in 2025.

LG continues to elevate the user experience with a broad range of content and an intuitive user interface, making it effortless to explore and enjoy audio entertainment. To learn more about how LG is enhancing the audio experience, visit LG Newsroom.

1 Available at a later date in 2025.
2 Accessible via xboom category

About LG Electronics USA

LG Electronics USA, Inc., based in Englewood Cliffs, N.J., is the North American subsidiary of LG Electronics, Inc., a $68 billion global innovator in technology and manufacturing. In the United States, LG sells a wide range of innovative home appliances, home entertainment products, commercial displays, air conditioning systems, and vehicle components. LG is an 11-time ENERGY STAR® Partner of the Year. The company’s commitment to environmental sustainability and its “Life’s Good” marketing theme encompass how LG is dedicated to people’s happiness by exceeding expectations today and tomorrow. For more information, visit www.LG.com.

Media Contacts:

LG Electronics USA                                                   

LG Electronics USA  

Chris De Maria                                                           

Christin Rodriguez    

christopher.demaria@lge.com                           

christin.rodriguez@lge.com

LG-One

LGHEUS@LG-One.com

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SOURCE LG Electronics USA

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Zoomcar Launches ‘Zoomcar Cabs’: Affordable Car Rentals with Drivers as a New Offering

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BENGALURU, India, Dec. 20, 2024 /PRNewswire/ — Zoomcar Holdings, Inc. (“Zoomcar” or the “Company”) (NASDAQ: ZCAR), India’s leading car-sharing marketplace, has announced the launch of Zoomcar Cabs, as a pilot in Bengaluru, that provides commercial cars with professional drivers at the best prices. Expanding beyond its successful self-drive offerings, this expansion into chauffeur-driven services marks Zoomcar’s commitment to diversifying its offerings and enhancing customer experiences.

Zoomcar Cabs stems from a clear need expressed by Guests for a reliable, transparent alternative to traditional cab services, as Guests often compare self-drive options with chauffeur-driven services. In the last 6 months, Zoomcar has significantly improved profitability and is now strategically investing in new product lines to meet growing demand and elevate the overall customer experience.

In the current cab market, options are often limited only to selecting a car category like sedan, hatchback, etc, leaving customers uncertain about the exact car model or the condition of the car they will receive. Zoomcar’s AI technology in cataloging, pricing, and image enhancement ensures every inventory item is unique, so Guests have the benefit to select the exact car model, see reviews and ratings by other Guests, car quality and condition preferences like year make, age, boot space, etc. Additionally, Guests simply need to add their pick up or start location on the Zoomcar app and have full control of their stops, route, destination, etc without the need to update it on app. Zoomcar Cabs offers the freedom to book a car for as little as two hours to extended periods of over 30 days.

Hiroshi Nishijima, CEO, Zoomcar said, “The launch of Zoomcar Cabs reflects Zoomcar’s focus on listening to customer feedback and delivering tailored solutions with an added layer of transparency and flexibility that sets it apart from other apps. Guests can effortlessly book their preferred vehicles, whether for self-drive or with a driver, all through the single Zoomcar app — eliminating the need for multiple apps to meet their travel needs.”

These technological advancements position Zoomcar to offer a seamless, scalable service that sets a new standard in the cab industry. The Bengaluru pilot serves as a beta project to validate this model, with plans for expansion to other cities in 2025 based on its success. These unique features set Zoomcar Cabs apart from other cab services and apps, ensuring Guests experience a combination of diversity, quality, choice and freedom. Whether for business trips, family vacations, or everyday commutes, Zoomcar Cabs is designed to meet diverse use cases, ensuring comfort, reliability, and affordability.

About Zoomcar

Founded in 2013 and headquartered in Bengaluru, India, Zoomcar is a leading marketplace for car sharing focused in India. The Zoomcar community connects Hosts with Guests, who choose from a selection of cars for use at affordable prices, promoting sustainable, smart transportation solutions in India.

Forward-Looking Statement:

Except for any historical/factual information contained herein, this press release may contain forward-looking statements about our plans, efforts, goals, assumptions, commitments, expectations, or prospects inter alia related to Zoomcar’s Cab services offering and reflect our management’s expectations for the business. These forward looking statements entail significant risk and uncertainty. To identify these forward-looking statements, we use terms such as “may,” “will,” “aim,” “enable,” “increase,” “estimate,” “intend,” “indicate,” “continue,” “expand,” “enhance,” “believe,” “elevate”, “supports,”, “ensure”, “drives,” “expect” or the negatives thereof, as well as other variations or comparable terminology. We ask that you read statements that contain these terms carefully because we believe this information is important for our investors and customers. Any forward-looking statement in this press release refers solely to what is accurate as of the day it is issued or based on assumptions that Zoomcar believes to be reasonable. The actual results and outcomes may materially differ due to various factors or events beyond our control which may not be foreseeable at all times. We cannot guarantee or assure any plan, initiative, projection, goal, assumption, commitment, expectation, or prospects set forth in this press release can or will be achieved. We undertake no obligation to alter or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise, save and except as required by law.

Press Contact:

Akarshit Gulati: akarshitg@avianwe.com Bhagyashree Rewatkar: bhagyashree.rewatkar@zoomcar.com

Logo: https://mma.prnewswire.com/media/2517562/5014195/Zoomcar_Logo.jpg

 

View original content:https://www.prnewswire.com/news-releases/zoomcar-launches-zoomcar-cabs-affordable-car-rentals-with-drivers-as-a-new-offering-302337077.html

SOURCE Zoomcar

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Deepcoin 2024 Year in Review: Passion Fuels Perfection, Innovation Drives Breakthroughs

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SEOUL, South Korea, Dec. 20, 2024 /PRNewswire/ — In 2024, Deepcoin achieved remarkable milestones in the global cryptocurrency market through its exceptional products, innovative services, and strategic global expansion. From market rankings and regulatory compliance to product innovation, customer service, and brand promotion, Deepcoin made significant strides across multiple fronts. Reflecting on the year’s innovative journey and looking forward to 2025, Deepcoin remains committed to achieving excellence through passion and leading breakthroughs through innovation.

Record-Breaking Growth in Trading Volumes

Futures Trading: Increased nearly 10x year-over-year, with average daily active users up by 3x and trading pairs expanded by 42.13%.Spot Trading: Volume grew by nearly 6x, with daily activity surging by 3x.

Over 20 New Products and 1 Million+ New Active Users

In 2024, Deepcoin introduced 20+ new features, focusing on enhancing trading experience, fund security, and copy trading functionality. Key innovations include:

Chasing Limit Orders, Order Transparency, Proportion/Reverse Copy Trading, and Passphrase Authentication.Enhancements like the Chasing Limit Orders significantly boosted user trading frequency due to their ease of use and cost efficiency.

Deepcoin’s R&D team also made consistent updates to existing features, ensuring continuous improvement in user experience.

Exceeding 400,000 Customer Issues Resolved

Resolved 400,000+ inquiries in 12 languages.Achieved a 95.75% response rate within 30 seconds, with complaint rates below 0.01%.Recovered thousands of lost or misplaced assets, ensuring a 93.69% resolution rate within 48 hours for complex cases.

Integration with CODE Travel Rule Solution Completed

In Jan 2024, Deepcoin became the first overseas exchange of the year—and the seventh globally—to integrate the CODE travel rule solution, underscoring Deepcoin’s commitment to fortifying its security infrastructure and advancing compliance standards within the cryptocurrency landscape. This integration enhances transparency in virtual asset transfers and ensures seamless deposits and withdrawals with leading Korean exchanges, including Upbit、Bithumb、Coinone、Korbit、GoPax.

Hong Kong TCSP License Acquisition

In July 2024, Deep Custodian Limited announced that it has been approved for the Hong Kong Trust or Company Service Provider License (TCSP License, License No. TC009487), enabling it to legally and compliantly provide custody services for crypto assets, including Bitcoin (BTC) and Ethereum (ETH). This milestone underscores Deepcoin’s commitment to providing secure and regulated asset custody for individuals and institutions.

CMC Rankings and Asset Proof

Verified reserves of over $200 million with a reserve ratio exceeding 100%, reflecting robust liquidity and solvency.Ranked 7th globally among derivatives exchanges on CoinMarketCap (CMC), highlighting Deepcoin’s growing market presence.

Sponsorship of Black Combat in Korea

In July 2024, Deepcoin proudly became the title sponsor of Black Combat, South Korea’s premier MMA league. This partnership underscores Deepcoin’s dedication to supporting the sports community while promoting cryptocurrency adoption through innovative avenues. It also strengthens Deepcoin’s engagement with South Korea’s vibrant youth demographic. With Black Combat’s widely popular YouTube content amassing nearly 400 million views, this collaboration significantly amplifies Deepcoin’s global reach and brand presence.

The brand statement of Black Combat, “Who is the King?” complements Deepcoin’s slogan of “Boost Your Decisions.” Just as every cryptocurrency trader aims to emerge victorious in the volatile world of crypto trading, Black Combat seeks to continually convey the passionate spirit of mixed martial arts. Every punch resonates loudly, and every trade empowers like a fierce blow.

Engagement in Major Web3 Events

Deepcoin actively participated in leading industry events such as Hong Kong Web3 Festival, Dubai Token2049, Bitcoin Asia 2024, Korea Blockchain Week (KBW), Singapore Token2049 and Digital Tech Media Show (DTMS), hosting side events to foster collaboration with industry leaders, innovators, and investors.

Message from the CEO

Ego Huang, Deepcoin’s Founder and CEO, commented:

“2024 was a transformative year for Deepcoin. Through innovation, compliance, and regional expansion, we delivered a more efficient and innovative trading experience for our users. As we step into 2025, we will continue optimizing product functionalities, driving industry compliance, and setting new benchmarks in the crypto sector.”

About Deepcoin

Deepcoin is a leading cryptocurrency exchange committed to providing users with a secure, efficient, and innovative trading experience while known for its relentless innovation and long-term value proposition. Founded in 2019 by industry veterans and former executives of renowned companies, Deepcoin has amassed over 10 million registered users across 30 countries, facilitating a cumulative trading volume exceeding US $1 trillion. Having broad support for global fiat currency deposits, Deepcoin enables direct purchases of major cryptocurrencies and offers a range of trading options for over 100 cryptocurrencies. Its user-friendly platform includes spot trading, perpetual contracts, inverse perpetual contracts, and DeFi financial management savings, backed by 24/7 multilingual customer support, empowering individuals and institutions to navigate the digital asset market with confidence and ease. Deepcoin continues to redefine the crypto trading landscape, delivering unparalleled innovation and exceptional user experiences.

Website | Twitter | Telegram

View original content:https://www.prnewswire.com/news-releases/deepcoin-2024-year-in-review-passion-fuels-perfection-innovation-drives-breakthroughs-302337145.html

SOURCE Deepcoin

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