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Indian Agri-tech startup, Arya Collateral showcases their expertise at 16th Philippine National Corn Congress

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Indian Agri-tech startup in the post-harvest solutions domain, Arya Collateral participated in Philippine’s 16th edition of National Corn Congress (PNCC) today. Organized by Philippines Maize Federation Inc. (PhilMaize) and the National Corn Board, the event marks the joint celebration of their National Farmers Day. Prasanna Rao, Managing Director, Arya Collateral participated as a resource speaker and showcased India’s work in the field of agri production. He also spoke in-depth on the topic of ‘Commodity Collateral Financing.’ The 16th PNCC was organised virtually this year with more than 3000 participants and 20 eminent speakers from the agriculture industry. Prasanna has been among the few Indians to have been invited to the event to date.

The theme of the event was “Maunlad na Magmamais; Kaakibat sa Pagbangon ng Ating Ekonomiya” translating to “Prosperous Corn Farmers, Key Partner to our Economic Recovery” highlighting the inclusive role of the local corn industry in contributing to the national economic recovery given the challenges of the on-going global pandemic. 

On the occasion, Prasanna Rao, Managing Director, Arya Collateral shared, “Arya has evolved to being the largest agri-warehousing service provider in India while servicing mostly the smaller primary and secondary agricultural markets. It also extends its market linkages and financial linkages services in more than 20 states in India. We feel that corn is an extremely important value chain for a country like India where the dependence on commodities like wheat and rice has traditionally been very high. Post-harvest losses can be reduced manifold using innovative farm gate level storage and embedded commodities collateral financing. We believe that more accessible credit and storage can contribute to food security. Such financing is an important component of a holistic approach to making agricultural credit and professional storage more accessible and we are striving for that through all our initiatives.”

Arya also highlighted its efforts in India to tackle the challenges that arrived due to the pandemic and also suggested how the Philippines can opt for them and implement them at the local level. Their recent initiative, A2ZGodaam enables farmers and other value chain stakeholders to easily find agri-warehouses, access credit and other post-harvest solutions across the country. Presently, about 3,000 warehouses (located in 300 districts) are listed on the platform. They have an aggregated area of about 45 million square feet with a storage capacity of 7.0 million tonnes. Besides, there are 76 service providers from insurance to local transportation that could be accessed through the platform.

Mr Roger Navarro, President Philmaize at the event expressed his desire to replicate the Arya experience of Commodity Collaterised finance in the Philippines. He also suggested that it is the way forward for Philippines’s corn farmer and can help stabilise prices and supplies and offer the best price and cost for farmers and consumers.

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Nikola Positioned To Accelerate Hydrogen Economy

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Nikola Positioned To Accelerate Hydrogen Economy

Nikola Corporation (NASDAQ: NKLA) has secured an innovative electric rate schedule with Arizona Public Service Company (“APS”) that makes possible the accelerated development of hydrogen-based fueling solutions for the transportation industry.  Nikola is a company dedicated to the advancement of innovative zero-emissions truck solutions and the energy infrastructure required to make this feasible.  By facilitating low-cost production of hydrogen, the Arizona Corporation Commission’s (“ACC”) approval of this rate schedule paves the way for the curtailment of greenhouse gases in the transportation sector, while also providing benefits to key constituents via novel grid-balancing solutions.

Today’s unanimous approval of this agreement by the ACC provides Nikola with a competitive electric rate specifically designed for the production, processing, and dispensing of hydrogen. This will support, among other things, enabling a zero-emission heavy-duty freight corridor along the I-10 freeway between Los Angeles and Phoenix.  

APS’s competitive electric rate will help lead the creation of the hydrogen economy in Arizona.  Nikola estimates that under the rate structure it will be able to deliver hydrogen at market leading prices and within the ranges required for Nikola to offer competitive lease rates for its trucks customers.

The agreement reflects value that results from the curtailment flexibility that Nikola’s hydrogen production facilities are expected to provide to the electrical grid. These facilities will be configured to respond to the needs of the grid, for example by reducing Nikola’s energy consumption from the electric grid during heatwaves. This agreement will encourage Nikola to deploy capital within the state, increase electric load relating to hydrogen production, and further develop and employ a highly skilled and well-educated workforce.

Nikola CEO, Mark Russell, celebrated today’s critical milestone stating: “Nikola values the joint efforts of APS and the ACC to enable competitive electrolytic hydrogen production. The approval of this special rate for hydrogen production is critical for advancing the future of zero-emissions transportation and building a hydrogen economy.”

Nikola President of Energy and Commercial, Pablo Koziner, added, “Through this agreement, Nikola is assured a reliable and competitively priced source of electricity that will allow us to commence the development of hydrogen production facilities to serve the fueling needs of our truck customers.  The agreement sets an important precedent in showcasing that innovative operational solutions can be developed for the economic production of hydrogen that maximize benefits to all stakeholders.”

The approval of this agreement marks an important milestone. Going forward, Nikola will work with APS to finalize site selection and interconnection requirements to establish its first hydrogen production facility in Arizona.

“For decades, hydrogen has been a promising, but elusive, source of clean energy for both the transportation and power sectors.  We simply haven’t done enough to bring hydrogen to the mainstream,” stated Chairwoman Lea Márquez Peterson. “As we begin to enter a new energy economy, however, I want to ensure that we take all steps necessary to promote Arizona’s gradual and innovative move towards decarbonization. By supporting this application, we are doing exactly that.  Let’s make our great state the nation’s epicenter of hydrogen production, processing, and fueling, and let’s have Arizona serve as a model to other states about clean energy innovation.”

ABOUT NIKOLA CORPORATION:­

Nikola Corporation is a designer and manufacturer of zero-emission battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen station infrastructure, Nikola is driven to revolutionize the economic and environmental impact of commerce as we know it today. Founded in 2015, Nikola Corporation is headquartered in Phoenix, Arizona.

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Allseated Acquires easyRAUM To Further Expand European Presence

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Allseated Acquires easyRAUM To Further Expand European Presence

Allseated, a global leader in innovative event technology, announced today its acquisition of Dusseldorf based, easyRAUM GmbH to further scale its rapid expansion into the European market. The acquisition broadens Allseated’s market presence, bringing the full power of its event technology platforms to venues, brands, corporates, and planners across Europe.

A long-time leader and serving some of the biggest names in the German speaking market, easyRAUM’s reputation and reach has been second to none. With thousands of users powering large scale events, it has been successfully serving and expanding its customer base for the past fifteen years.

“This is a strategic move for us to further scale our business in Europe by combining easyRAUM’s market presence, amazing team and customer base with Allseated’s cutting-edge technology platform.”  said Yaron Lipshitz, Allseated CEO. “EasyRAUM has been a great partner of ours and we have worked so close together, that the acquisition seems more of a formality at this point. Thanks to our now German team, Allseated is now powering some of the largest venues and brands in the European market with our latest virtual event product exVo, already in use by the local industry” he added.

“We are pleased to open a new chapter with Allseated, for our customers, for the industry, and for our company” said Sabine Reise, Founder and Managing Director of easyRAUM and now Managing Director of Allseated GmbH. “Our many years of industry and market experience as well as the software development know-how complement the agile structures of Allseated perfectly”.

Sandy Hammer, co-founder and CMO of Allseated added: “The partnership with easyRAUM enabled us to short-circuit our expansion in this exciting market and to quickly bring value to some amazing brands. We are thrilled to have the team join our rapidly growing company.”

Financial terms of the transaction are not disclosed.

About Allseated

Allseated is one of the world’s most innovative event technology platform powering hundreds of thousands of events a year. Through a cutting-edge 3D visualization platform including floorplan design tools, venue virtual tours, and revolutionary virtual/hybrid event solution, Allseated is transforming the event industry and leveraging innovation with superior customer service to help clients grow their businesses.

Allseated Acquires easyRAUM To Further Expand European Presence

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GameChange Solar Unveils Bifacial Tracker Reflector Technology to Boost Power Production 15-20%

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GameChange Solar Unveils Bifacial Tracker Reflector Technology to Boost Power Production 15-20%

GameChange Solar today announced BifacialReflector™, a patent-pending new technology which dramatically increases power production for the GameChange Solar Genius Tracker™ with bifacial modules. The technology is a highly reflective (.95 albedo), permanent solid surface up to 4m wide, which reflects light from just above ground level to the back of the bifacial modules. This technology is a significant improvement over other ideas since it is not a ground cover which has a limited life and requires constant maintenance. BifacialReflector™ is a self-cleaning, long-term (40-year life) solution. The reflectors can boost the gain by up to an estimated total of 15-20% when using bifacial modules, which is approximately 5-8% extra gain versus other bifacial trackers which do not have BifacialReflector™ technology.

Andrew Worden, CEO of GameChange Solar, stated: “Solar power plant owners globally have been asking for a cost-effective, long life, maintenance-free, high reflectivity (.95 albedo) ground cover to place under trackers with bifacial modules. We are excited to have been able to provide a unique and superior solution, the BifacialReflector™ technology. Our technology has a significant power boost for bifacial modules and has a life of 40 years with no maintenance, making it a meaningful breakthrough for the industry.”

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