VLV Development (VLV), a Black and veteran-owned company committed to providing clean, renewable energy in urban communities, announces completion of a first of its kind 1.1MW solar facility that is part of the Bronzeville Micro-Grid Cluster in one of the city’s most iconic neighborhoods.
In collaboration with the local utility and other stakeholders, VLV financed, designed and delivered the solar installation located at Dearborn Homes, a 17-building public housing development serving 660 units of federally subsidized housing. VLV worked with local minority solar trainers, contractors and distributors to support the system’s installation. VGI Energy Solutions, LLC, VLV’s energy division, will provide the operations and maintenance of the facility.
At Dearborn Homes, VLV designed and installed approximately 3,000 solar panels across 16 low-income high-rise buildings, the management office and two ground mounted solar arrays. The smart technology includes 22 inverters with the ability to communicate with the utility’s master controller to support islanding and data gathering across Dearborn Homes’ vast campus. Over the past five years, VLV has installed 1.5MW of solar energy on commercial and residential buildings, churches, as well as ground mount solar facilities in the city of Chicago.
“The Dearborn Homes project is an example of transformative action, brought together to protect vulnerable communities while providing community resilient power,” says Faustina Vincent, Managing Partner, VGI Energy Solutions, LLC.
This project will provide the Chicago Housing Authority, Dearborn Homes, a direct savings in excess of $800,000 over the term of the Power Purchase Agreement. The project created 50 direct and indirect full- and part-time jobs for Black and Brown residents and represents a $4.5 million direct investment in clean energy infrastructure.
“We’re making clean energy and resilience accessible, profitable and affordable across the urban landscape,” says Van Vincent, CEO, VLV Development.
VeChain Introduces New Blockchain-enabled Sustainability Solution To Power "Green Business" For Enterprises
As consumer behaviors shift towards greener and more sustainable products due to climate change awareness, companies are increasingly looking to integrate a more sustainable approach to their businesses. Market-leaders such as Nike, Adidas, H&M & Amazon are already placing sustainability at the forefront of their global product and marketing strategies.
To help companies digitalize and increase efficiency for sustainable business practices, VeChain, the leading enterprise friendly blockchain platform, officially launches its Blockchain-enabled Sustainability Solution. The solution is built on its one-stop data Blockchain-as-a-Service (BaaS) platform VeChain ToolChain™.
BlockChain + Sustainability: Ensuring Trustworthy Long-term Efficiency & Profitability For Brands
Research by The World Economic Forum has shown that the risks for companies will grow due to both the direct impact of climate change on business operations and supply chains. There have been corresponding demands for transparency on sustainable activities, with financial regulators, policymakers proposing mandatory climate risk disclosure legislation, and litigation against companies failing to disclose climate risk.
In the meantime, the majority of customers are demanding more sustainable products from brands, showing strong willingness to change their purchasing habits to help reduce negative impact to the environment, especially among Generation Z. These customers are also inclined to buy products that have a clearly defined sustainability policy.
VeChain’s Blockchain-enabled Sustainability Solution centers on building a value-driven approach for businesses to streamline sustainable practices during the supply chain and manufacturing process. Blockchain technology allows businesses to reliably and accurately showcase their sustainable practices not only to consumers, but financial regulators and policymakers.
The world’s very first “Hydrogen Hotel”
As marine pollution becomes a global issue, the public and private sectors are making progress to combat this problem. In Japan, Toshiba is using its advancements in hydrogen energy in an innovative ‘Hydrogen Hotel’ project, to help Kawasaki City overcome the city’s pollution problem.
The world’s very first “Hydrogen Hotel”
Opened in June 1, 2018, the hydrogen hotel in Kawasaki City is an innovative project, where the hotel creates hydrogen from waste plastics to supply about 30% of the energy the hotel needs. In the first year after its opening, the hotel ran a test in which it recycles even the amenities used in the hotel rooms (toothbrushes, hair combs) as feedstocks for hydrogen production.
Headquartered in Kawasaki City, and having researched fuel cell technologies since the 1960s, Toshiba has developed a product called “H2Rex™”, a pure hydrogen fuel cell system that converts hydrogen to heat and electric power without producing CO2. At the time of the project, Toshiba had already implemented the system in more than 100 sites, including supermarkets and convenience stores.
The project required the linkage of each step in the supply chain, from the waste plastics to the hotel, one by one. The important thing was figuring out how to connect this hydrogen supply chain within Kawasaki City.
By connecting the hotel to the hydrogen pipeline, it enables for the high-volume, stable supply of hydrogen, and also helps make the process more low-carbon, since the delivery will not produce any CO2 emissions. The entire supply chain would produce approximately 80% less CO2 emissions than the use of existing energy sources.
The disposal of waste plastics is a social issue not just in Japan, but in areas throughout the world. Toshiba aims to use the knowledge gained from the hydrogen hotel project and provide it as a global solution in the future.
This News has been Published in Partnership with PR Newswire
Green Tech Startup Ecoinno Raises $6 Million in Series A1 Funding from Alibaba Entrepreneurs Funds
Hong Kong-based green material company, Ecoinno (H.K.) Limited. , focused on providing alternatives to single-use plastics, today announced the closing of a US$6 million Series A1 funding from the Alibaba Hong Kong Entrepreneurs Fund and Alibaba Taiwan Entrepreneurs Fund II.
Ecoinno will utilise these funds to begin industrial-scale production of its proprietary Green Composite Material™ (GCM™) and to strengthen its material research and engineering platform to help meet pressing consumer packaging needs, driven by tightening regulatory requirements globally, as well as increasing consumer green awareness.
Ecoinno is co-founded by CEO Mr George Chen Dah Ren and COO Ms Vivian Chang, incubated within the Hong Kong Science and Technology Park (HKSTP), and sustained with significant grant funding from the Hong Kong Innovation and Technology Commission (ITC).
Ecoinno was also awarded as one of the Top Five Winners, and the only finalist in the Smart City Cleantech segment, at the Alibaba JUMPSTARTER Global Pitch Competition 2020.
“This new funding puts us solidly on the first step towards realising our vision of creating a sustainable, circular economy by delivering GCM™ products to our environmentally- focused clients,” said George Chen Dah Ren, co-founder and CEO of Ecoinno. “We are thrilled to have both Alibaba Entrepreneurs Funds coming on board in our first institutional round, to help take the company forward. We are also very grateful to our long-standing benefactors, especially the HKSTP and the ITC”.
Ecoinno has developed a patented Green Composite Material™ (GCM™) and related processes, based 100% purely on NATURAL PLANT FIBRES – the most abundant, renewable, and naturally occurring polymer on earth. By repositioning nature’s plant fibres, GCM™ harnesses the remarkable natural attributes of plant fibres, notably: 1. 100% biodegradable in the natural environment within 75 days; 2. extreme temperature tolerance (allowing freezing and oven reheating); 3. Three times stronger than plastic and bioplastic in tensile strength; 4. Impermeable to Oxygen (extremely low transmission rate, on par with even metal); 5. Water and Oil-resistance, and most importantly, 6. Toxic free (passed FDA test).
“We were won over by the vision and passion of George, Vivian and their team, to tackle single-use plastics pollution – one of the most pressing environmental challenges globally today. We believe that the functional and commercial attributes of Ecoinno’s GCM™ products represents a paradigm shift in the Movement to Rethink Plastics,” said Mr Edward Liu, Partner of WI Harper Group, manager of Alibaba Taiwan Entrepreneurs Fund II. “We are proud and excited to be Ecoinno’s partners at this early stage of development.”
This News has been produced in partnership with PR Newswire
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