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Can We Reboot Office Buildings As Data Centers?

WSP

It is now almost universally accepted that we are not all going back to the office, at least not full time. So what does that mean for the proportion of commercial real estate that will be surplus to requirements? As the post-Covid world begins to take shape, property owners must find an alternative use for potentially many millions of square feet of once-prime space.   Simply knocking it down and building something else is the typical solution for property that has become obsolete, though the waste of materials and the embodied carbon this represents is becoming much less acceptable. If only there was some wealthy, space-hungry group of building users, keenly aware of the need to manage their carbon footprint, just waiting to occupy all that empty property … It’s not as far-fetched as it sounds. To say the data centre sector is growing is a colossal understatement. Some US$100bn has been poured into the asset class over the past decade, and the signs are that it has barely got started. The amount of data the world generates and uses is increasing at a vertiginous rate, with some 90% of all the data that has ever existed being created over the past two years. The global datasphere, Seagate predicts, will grow from 45 zettabytes in 2019 to 175 zettabytes by 2025 — and even this might be a conservative estimate because the pandemic has had such a dramatic impact on internet traffic. Pre-Covid, it had been forecast to grow by an already substantial 28% in 2020. In the event, everything from Zoom conferencing to home schooling boosted world traffic by an astonishing 47%, with a commensurate spike in data usage. You don’t need to know what a zettabyte is* to see that this is a growth market. But like every young and expanding sector, it has issues. For a start, data centers — essentially large warehouses that house little other than racks of processors — use mind-boggling amounts of power. Individual buildings routinely require 30-60MW, and the campuses of the giant “Hyperscalers” can use 250 or even 500MW of electricity, or the same as a small town. Already the world’s data centers together consume about the same amount of power, according to some estimates, as the whole of Spain. The carbon footprint of data is rapidly becoming a more high-profile issue. Data centers also take up vast amounts of land, one factor that has traditionally pushed them to less expensive out-of-town locations. The world’s largest campus, The Citadel, under construction in Nevada, covers an area of 7.2 million sq ft, or nearly 100 soccer pitches. It also includes, at 1.3 million sq ft, the world’s largest individual data center building. To locate these extraordinary facilities in empty office blocks would seem to be synergistic — providing more than simply high-rent tenants for the owners. “Most of the embodied carbon from the construction of a data center is in the foundation, structure and envelope,” points out Ben Stanley, data center sustainability consultant at WSP in Colorado. “Reusing existing buildings would save most of that, with benefits for the carbon footprint of the operator.”  "Most of the embodied carbon from the construction of a data center is in the foundation, structure and envelope" -  Ben Stanley, Data Centre Sustainability Consultant, WSP in Colorado There is an even more compelling reason for city center conversions and it’s called “the edge”. This is the drive to decentralize data storage and bring it closer to users, to support growing applications like the Internet of Things. Tech analyst Gartner has predicted that as much as 75% of all data could be stored at the network edge, compared to 10% today. Edge data centers are smaller, often specialized for one client or sector, and located nearer to population centers. This is because speed rather than scale is of primary importance, explains Kevin Imboden, senior research manager for Cushman & Wakefield’s global data center advisory group, based in California’s Silicon Valley. “Edge-style data centers offer a particular advantage over out-of-town hyperscale facilities because there are many applications where latency — the time lag between asking for information and receiving it back — is vital.” This is why high-performance data centers are located close to the centers of financial hubs such as London and Frankfurt, allowing automated trading systems to take advantage of tiny market fluctuations. But Imboden sees other potential applications: “If driverless cars ever become a thing, they too would need very low latency — and that means physical proximity.” Conversion opportunities could also arise from recent changes in the character of the data center market. “Cloud services, which are generally located in large, out-of-town data centers, can be expensive,” says Imboden. “This is encouraging users to adopt a hybrid approach.” So, in addition to out-of-town space, they might also have some of their own private racks in a shared or “co-location” data center, or some actually in their office building. “If they require low latency, they might use a small, specialist, in-town data center facility. They can optimize that mix to suit their business. Smaller deployments will begin making further sense as the edge develops.”   "Cloud services, which are generally located in large, out-of-town data centers, can be expensive. This is encouraging users to adopt a hybrid approach" - Kevin Imboden, Senior Research Manager, Cushman & Wakefield So how easy is it to convert an office building into a data center? Given that the demands from both a structural and servicing point of view are very different, it’s definitely not just a case of swapping out desks for server racks.  Due to the need for a guaranteed UPS (uninterrupted power supply), data centers require massive battery capacity that can take over in a microsecond should the grid supply fail. This is typically installed on the ground floor. “Even though they only need to supply power for a few minutes — the time it could take before emergency generators are fired up — that’s still a lot of power and a lot of heavy batteries,” says Rich Donaldson, principal engineer with WSP firm, kW Mission Critical Engineering in Atlanta, Georgia. The generators are also substantial and heavy, he adds. “Even the racks create much more loading than you would need for an office. So, it’s structurally easier for them also to be ground floor. Data centers are usually single storey to lower the construction cost, although they can be multistorey when site acreage is constrained.” The weight of equipment is not the only difference: there’s also floor-to-ceiling height. Floor heights in a data center are around 1.5 times those of office buildings, so it would require two office floors to provide one for a data center. “Data centers generally require 14ft with another 4 or 5ft clear above to take all of the cooling and extra services infrastructure they need,” says Donaldson. The existing power supply will need to be significantly increased, and the utility company might not be able to route more power or have space to install a substation. Finally, there’s the back-up infrastructure: storing and distributing fuel oil is more difficult in city center locations, for example.  Despite the technical challenges, there are a growing number of successful conversions. “There’s one in an old print works in London which, given the connection with information distribution, seems quite symbolic,” Imboden says. This worked because there was already an industrial power supply to run the presses, there was a large floor-to-ceiling clearance, and the structure was strong because the print machinery was heavy. Similarly, he points to a recent shopping mall conversion, which had sufficient ceiling heights for extra data center services. As for converting office blocks, he says there is potential: “I see maybe a small facility next to a 5G phone antenna, or at the top of a building to connect the users below.”  "The generators are also substantial and heavy. Even the racks create much more loading than you would need for an office. So, it’s structurally easier for them also to be ground floor" -  Rich Donaldson, Principal Engineer, WSP firm, kW Mission Critical Engineering, USA In fact, converted data centers are already a well-established feature of the Hong Kong market. Being small and densely populated, Hong Kong has no cheap, out-of-town land. But then for the same reason it also has no latency problem – a boon to the city’s considerable financial services sector. Here data centers are located not in converted office blocks, but in converted warehouses. “In Hong Kong, because of the space constraints, we have warehouses — or “godowns” — which are multistorey,” explains Eric Sin, an executive director at WSP and specialist in data center design. “As heavy industry here has declined, these buildings have become available, and we actually have government incentives to convert them to data centers.” Although they are multistorey, such conversions make sense as the godowns have heavy concrete structures and usually plenty of floor-to-ceiling height. In addition, they are cheaper than more central office blocks, and located away from residential areas, “so the noise and smell of back-up diesel generators is less of a problem”. WSP is currently converting four floors of a former godown to provide a client with a 6MW data center. “Every conversion has its own challenges,” says Sin’s colleague Lydia Lun, an architect and project manager for the China region. “This project will need two additional 11kV feeders to be provided by the power company, meeting building louvre and flat roof area requirements for generator exhaust, and there’s limited vertically aligned space for risers. So very efficient planning is required.” "In Hong Kong, because of the space constraints, we have warehouses. They are cheaper than more central office blocks, and located away from residential areas" - Eric Sin, Executive Director, WSP, Hong Kong For the future, continuing improvements in the design of computer hardware should improve the feasibility of converting more constrained buildings: “The processor racks themselves are already less demanding than they use to be,” says Imboden. “For example, they used to be kept at 60°F because that was optimum for the processors. They can now operate at more like 75°F. Less cooling equals more efficiency. Ten years ago, data centers' power usage efficiency was something like 1.7 — the ‘point seven’ being the power used for cooling and other non-processing activity. Now, with warmer environments and more efficient, evaporative, cooling, it’s more like 1.2, or even less.” Further innovations, such as the liquid cooling of waterproof racks, are beginning to make an impact and could further reduce the need for bulky air-conditioning plant.  As in other sectors, as operational carbon emissions come down, the embodied carbon of buildings will account for a greater proportion of the total, and this too will drive interest in reusing existing structures rather than meeting demand with new construction alone.  Moving data center capacity into towns also opens up possibilities regarding the vast amounts of waste heat that these facilities generate, particularly in colder climates. For Amazon’s headquarters in downtown Seattle, completed in 2018, WSP’s building services design included piping waste heat from an adjacent data center into a district heating plant for the whole development, which helped it to exceed stringent local energy requirements by 20%. Similarly a 98,000sq ft, 4MW high-performance computer facility designed by kW MCE for a downtown location, uses waste heat recovery to provide warm water to a neighboring high-rise building. This could also be a solution for residential buildings: a planned scheme in Amsterdam will use warm water from a data center cooling system to heat local housing.   "There are challenges, but they can be overcome – and in doing so, we open up huge opportunities for data center companies to obtain space in locations that were not previously possible" - Austin Wikner, Director, WSP, UK The successful conversion of any building to data center use will come down to an insightful identification of opportunities, coupled with meticulous design. Fundamentally, this is an essential way of expanding the pool of developable land in mature markets, says WSP director Austin Wikner. His London building services team is already working on one feasibility study and he thinks there will be many more such projects. “There are challenges, but they can be overcome – and in doing so, we open up huge opportunities for data center companies to obtain space in locations that were not previously possible,” he says. “It’s similar to the way that major developers are now building over railways and electricity substations. Many of the easy sites are gone, so we need to work a bit harder to find the next set of opportunities.” * 1,000,000,000,000,000,000,000 bytes Words by Tony Whitehead  View additional multimedia and more ESG storytelling from WSP on 3blmedia.com

August 17, 2021 01:21 PM Eastern Daylight Time

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Quantron Supports IKEA’s Emissions-free Delivery

Ev Dynamics (Holdings) Limited

HONG KONG SAR - Media OutReach - 17 August 2021 - Quantron, strategic partner of Ev Dynamics, delivers 30 electric vans to IKEA Austria. Quantron AG, handed over the first set of 100% emission-free vans to IKEA Austria, this week. The international furniture company IKEA has set itself the goal of becoming climate-positive by 2030. The e-mobility specialist Quantron supports IKEA in this mission and supplies the IKEA logistics center near Vienna with 30 environmentally friendly e-vehicles. The Germany based Quantron AG is strategic partner of Ev Dynamics. Quantron's first all-electric Q-Light was already used for extensive testing at the logistics center in June. With a range of at least 170 km, a drive power of 100 kW and a maximum charging power of 70 kW, the e-transporters are ideally equipped for routes between IKEA locations and customers' delivery addresses. Initially, the vehicles will be used for deliveries to all 23 of Vienna's municipal districts and within a 30 km radius of the logistics center. Andreas Haller, founder and CEO of Quantron AG: “We are pleased to be able to support IKEA with our knowledge and expertise in this important step towards emission-free delivery. Quantron is proud to help companies like IKEA with our many years of e-mobility experience and our international network to make the switch to emission-free freight transport.” Miguel Valldecabres Polop, CEO of Ev Dynamics, said: “Ev Dynamics and Quantron entered into a share swap agreement on 29 July 2021. Ev Dynamics is proud as investor and strategic partner for the win of this new business opportunity for Quantron AG.” You can find the original photo in low and high resolution here: Press releases from Quantron AG About Ev Dynamics (Holdings) Limited (Stock Code: 476) Ev Dynamics (Holdings) Limited is a pioneer and a prominent player in China’s new energy commercial vehicles market, as well as a whole-vehicle manufacturer of specialty passenger vehicles and new energy passenger vehicles. It is an integrated driving and logistics solutions provider with a solid technological foundation in diverse areas including new energy platform power systems and their key components. The Group has a production base in Chongqing and it has developed its sales network in Mainland China, Hong Kong, Asia Pacific and South America. About Quantron AGQuantron AG is a provider of clean battery and hydrogen-powered e-mobility systems for commercial vehicles such as trucks, buses and vans. In addition to new electric vehicles, the wide range of services offered by the innovative solutions include the electrification of used and existing vehicles, the creation of individual overall concepts including the appropriate charging infrastructure as well as rental, financing and leasing services and driver training. Quantron AG also sells batteries and integrated customised electrification concepts to manufacturers of commercial vehicles, machinery and intralogistics vehicles. The German company from Augsburg in Bavaria is a pioneer and innovation driver for e-mobility in passenger, transport and freight traffic.You can find more information at www.quantron.net Visit the Quantron AG on its social media channels on LinkedIn and YouTube. Contact Details Vicky Lee +852 2864 4834 vicky.lee@sprg.com.hk

August 17, 2021 09:32 AM Eastern Daylight Time

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Community and Philanthropic Outreach Through positiveNRG

NRG Energy

PositiveNRG is our company’s philanthropic giving program. It helps to build our culture by creating a workplace that empowers employees to support communities, causes, and organizations that they elect to champion through donations of their time and/or money. The platform offers multiple touch points, which allow for engagement with non-profit organizations and internal employee team building. During 2020, in an effort to safely engage our employees while also meeting our philanthropic goals, we reimagined our annual company-wide volunteer week. With more than 90% of the NRG workforce in a 100% virtual environment, it was important to reinforce our Power Value of collaboration and reignite employees’ feelings of joint purpose and connection. During this “reimagined” positiveNRG Week, employees were placed in small groups and provided a series of light-hearted, physical, and mind-bending tasks, allowing them to interact and engage with colleagues. Separately, we conducted a socially- distanced food drive, and donated the money allocated to our annual volunteer week to 15 food banks across 8 states. PositiveNRG also sponsors and helped double the number of Business Resource Groups, which enable employees to share and receive support from their colleagues. We also committed $2 million in charitable contributions to fund relief efforts  in connection with COVID-19, which included providing urgently needed safety equipment and funds to aid local communities and teachers. Sun Club® In 2020, Sun Club, the charitable outreach arm of our Green Mountain Energy retail brand, surpassed $10 million in cumulative grant giving — directed by its customers — since its inception in 2002. With $1.4 million invested in local communities and environmental groups in 2020, more than 4 million pounds of CO2 were prevented from being released in the air. By funding sustainable solutions, conservation initiatives, and educational programs, Sun Club is helping nonprofit organizations create a cleaner planet for us all. A total of 11 funded projects were completed in 2020, including: Avenue: Support to this Houston-based organization included funding for its first-ever electric vehicle, along with a new 30 kW solar array, 35.2 kW parking canopy array, and an EV charging station to help promote sustainability in all forms — community, economic, and environmental Essex Heritage: Sun Club’s first Massachusetts- based project (Salem, MA) brings an off-the-grid solar system to the Bakers Island lighthouse in an historic area hosting 2.7 million visitors XOOM Energy XOOM has a continuing charitable outreach component — when customers sign up, they can choose to designate a charity to receive 5% of their monthly energy charges. In 2020, XOOM Energy sent more than $300K to two local charities: $168,350:  PetSmart Charities $146,198:  Driscoll Hospital Business Solutions Through the “GreenRoots” program, business customers who enroll in a demand response program have a tree planted in their name through a partnership with the Arbor Day Foundation. Since its inception in 2008, more than 30,000 trees have been planted on behalf of U.S. customers, including 5,000 in 2020. econrg Our econrg outreach promotes ecological stewardship among plant employees with initiatives aimed at improving environmental awareness and education. In 2020, these employees participated in 47 voluntary econrg projects and NRG facilities donated more than $14,000 to benefit the environment and provided $24,500 in scholarships to students expressing interest in these environmental studies programs: Biodiversity: invasive species removal, stocking native fish in local waterways, protection of native vegetation, supporting eagle survey activities Community: tree planting, educational outreach to local schools and communities; shoreline and public area clean-ups along streams, rivers, and lakes; and public space invasive species removal Resource reduction, reuse, and recycling: energy efficiency improvements, solar-powered lighting, LED lighting, community recycling drives and recycling of oils and metals Student Conservation Association (SCA) For over 60 years, SCA has been the leader in teaching youth how to conserve our planet. With support from NRG, SCA engaged over 850 youth, alumni, employees, and community members across the nation in 2020 through online conservation education and virtual programming.  Read more in NRG Energy's 2020 Sustainability Report View additional multimedia and more ESG storytelling from NRG Energy on 3blmedia.com

August 05, 2021 10:01 AM Eastern Daylight Time

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Black & Veatch Continues Advancing Solar Power's March as Global Decarbonization Push Intensifies

Black & Veatch

OVERLAND PARK, Kans., July 27, 2021 /3BLMedia/ – Continuing its ascent as part of a diversified energy portfolio in an evolving, rapidly decarbonizing power industry, the U.S. solar market has eclipsed 100 gigawatts of installed electric generating capacity, doubling the solar sector’s size since 2018, a recent report found. And Black & Veatch, a global leader in power infrastructure solutions, continues to play a key role in helping satisfy the demand. Newly released rankings by Solar Power World – the solar industry’s leading business-to-business publication – recognizes the achievements of U.S. solar developers, subcontractors and installers within the utility, commercial and residential markets. The rankings are based on kilowatts (kWs) installed by contractors in the previous year. According to the U.S. Solar Market Insight 2020 Year-in-Review report, released in March by the Solar Energy Industries Association and energy research consultant Wood Mackenzie, the U.S. solar market grew by 43 percent in 2020, nearly double the 23-percent increase in 2019. Last year’s installed U.S. electric generating capacity was a record 19.2 gigawatts. “At a transformational time when the power industry is repowering itself, clean and affordable solar power continues to prove itself to clients as a critical option in lowering their carbon footprints,” said Paul Skurdahl, senior vice president of Black & Veatch's solar business. “With our deep expertise in helping utilities and power producers diversify their generation portfolios through renewable energy, we remain committed to delivering on the promise of solar power for a cleaner, greener world.” The U.S. solar momentum continues to be driven by declining system costs and accelerating government and corporate mandates for clean energy. The federal government’s passage of a two-year extension on the solar investment tax credit (ITC) at the end of 2020 also is expected to accelerate solar adoption across all market segments. Wood Mackenzie expects the U.S. solar market to quadruple by 2030, when the equivalent of one in eight American homes is projected to have solar. "Not even COVID-19 closures and slowdowns could prevent the solar industry from installing fantastic numbers last year," said Kelly Pickerel, Solar Power World’s editor in chief. "The Solar Power World team is so glad to recognize over 400 companies on the 2021 top solar contractors list that not only survived a pandemic but thrived in spite of it." About Black & Veatch Black & Veatch is an employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure assets. Our revenues in 2020 exceeded US$3.0 billion. Follow us on  www.bv.com  and on social media. Media Contact Information: JIM SUHR | +1 913-458-6995 P | +1 314-422-6927 M | SuhrJ@bv.com 24-HOUR MEDIA HOTLINE | +1 866-496-9149 View additional multimedia and more ESG storytelling from Black & Veatch on 3blmedia.com

July 27, 2021 10:04 AM Eastern Daylight Time

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ENEOS returns to Pikes Peak with Dai Yoshihara, Evasive Motorsports and a Tesla Model 3

ENEOS

ENEOS — Japan’s largest oil company, and supplier of motor oil and transmission fluids to the majority of Asian vehicle manufacturers — announces its return to the Pikes Peak International Hill Climb with its sponsored driver, Daijiro Yoshihara, and car builder Evasive Motorsports. This in itself is a big story since the same combination won the Unlimited Class at the 2020 event, but what makes it more remarkable is that the team has put aside its proven 900-horsepower turbocharged Toyota 86 and is building a Tesla Model 3 from scratch for the new attempt. Initially, the connection between a Japanese oil company and a US-built electric race car might not be immediately apparent, but it’s an indication of the major changes electric vehicles are bringing to the automotive industry. For ENEOS, its involvement with the Turn 14 Distribution / Toyo Tires / ENEOS / Evasive Motorsports Tesla Model 3 Pikes Peak race car is an opportunity to prove and promote its new EV Fluid Series. The line of six dedicated EV fluids (listed below) has been developed by the same engineers and chemists who work alongside the majority of leading car makers in Japan and Asia. Currently, ENEOS engineers and chemists are working closely with many vehicle manufacturers to create the latest lubricants, continuously improving vehicle efficiency through reduced friction, lower emissions, improved fuel consumption and greater longevity. And as the future of automotive development looks towards electric vehicles, ENEOS also tasked its development teams to look at alternative fuel vehicle concepts, particularly in terms of lubrication and cooling. The new ENEOS EV Fluid Series is now being offered to existing OEM (Original Equipment Manufacturer) partners and the rest of the world’s EV manufacturers to help improve vehicle efficiency. With a stroke of serendipity, Evasive Motorsports in Cerritos, CA also foresaw electric vehicles becoming a major factor in their future and took the major decision to purchase a used Tesla Model 3 and transform it into a challenger for the annual Pikes Peak International Hill Climb (PPIHC). As one of the world’s most grueling motorsports festivals for both the driver and the car, the 12.42-mile “Race to the Clouds” climbs 4724 feet from start to finish The sustained demand of the high-speed course will put tremendous strain on any vehicle’s components, but particularly the Tesla battery packs, which must remain cool to maintain maximum power for the duration of the 156-turn course. As with all vehicle technology, one of the best ways to prove its credentials is to drop it into the cauldron of competition. And so the Turn 14 Distribution / Toyo Tires / ENEOS / Evasive Motorsports Tesla Model 3 Pikes Peak race car will become a partner in the development of the new ENEOS EV Fluid Series. TESLA MODEL 3 PIKES PEAK With six previous PPIHC attempts under its belt, Evasive Motorsports (EVS) is supremely experienced but the Tesla’s preparation is particularly challenging because very few motorsports components exist, requiring a great deal of extra effort in terms of problem solving and fabrication. One of the team’s priorities has been to ensure the powertrain has sufficient cooling. Evasive worked with CSF Radiators to create a new radiator and oil cooler set up. As an extra precaution, a nitrous oxide sprayer was installed, helping to chill the batteries during the hill climb if pre-set temperatures are exceeded. Airflow to the battery pack has been further improved with a carbon fiber front vent, venting in the new carbon fiber hood, and rear inlet ducts integrated into the C-pillars. Developing 450 horsepower, the stock Tesla Model 3 Performance accelerates 0-60mph in 3.1sec to a top speed of 162mph. The Evasive team needs to harness its all-wheel drive performance in order to create a new EV Production Car track record time in the Exhibition Class (because no EV competition class currently exists). As such, the car has further modifications, including widebody fenders and carbon fiber aero pieces from Artisan Spirits in Japan. The primary purpose is to accommodate 18x11” Titan 7 TP-5 forged wheels and 305/650-18 Toyo Tires racing slicks. This combination, in harmony with KW Competition suspension and Brembo racing brakes, should ensure Dai Yoshihara has the best chassis to command the 156 turns on his way up to the finish line. To further enhance aerodynamic efficiency and reduce weight, EVS developed its own aero disc covers for the wheels, and carbon fiber replacement doors, roof, rear windshield and trunk lid. For high-speed stability, the Tesla is equipped with an EVS honeycomb carbon splitter and rear diffuser plus a Voltex carbon fiber GT rear wing to generate increased downforce. Another major addition is the Quaife ATB rear differential, which will better apportion power to the rear wheels. However, its installation was far from simple, requiring a modified frame and custom bushings. As with previous PPIHC attempts, the diff is lubricated by ENEOS gear oil to ensure efficiency and durability. The final piece of the puzzle is the nut behind the wheel. And for 2021, driving duties will again be performed by Dai Yoshihara. As the 2011 Formula DRIFT driver’s champion, multiple Time Attack race winner, GT sports car driver and racing instructor, he will be protected by an FIA-spec EVS rollcage while sat in his carbon/Kevlar Sparco QRT-K bucket seat with six-point harnesses. For his third attempt at PPIHC, Dai will monitor speed and vehicle parameters via a Motec C127 Datalogger display in a custom carbon fiber EVS dashboard. “I’m very excited about my third PPIHC,” Dai told us. “We had a great result last year and will try our best to build on the momentum. I’m grateful that ENEOS has supported our PPIHC program ever since my first year in 2019, and that they accepted our new challenge with the Tesla EV this year. We’re all very excited to see what we can do!” With the conversion to a race car recently completed, its test program continued until the team headed out to the “Race to the Clouds,” which takes place on June 27 in Colorado. Everybody at Evasive Motorsports is determined to be fully prepared for when the Turn 14 Distribution / Toyo Tires / ENEOS / Evasive Motorsports Tesla Model 3 Pikes Peak pulls up to the start line. “This is definitely our most ambitious project to date,” admitted Mike Chang, co-founder of Evasive Motorsports. “We love to challenge ourselves and know it’s only a matter of time before the performance and racing industry will need to look seriously at electric vehicles. So, we decided to jump into the deep-end and apply all our motorsports experience to the Tesla Model 3. We’re hoping to anticipate any potential problems we will face, but we won’t know if we succeeded until Dai crosses the finish line on 6/27, and hopefully we’re left holding the EV Production Class track record!” For ENEOS, its EV development program will not stop when the flag drops at Pikes Peak. It will continue to work with many of the world’s largest car makers to help solve their lubrication and EV fluid requirements in the pursuit of greater efficiency. “We’re proud to be returning to Pike Peak International Hill Climb with Dai Yoshihara and Evasive Motorsports,” said Keisuke Yokochi, Chief Marketing Officer at ENEOS USA. “We’re excited to learn how our products work under intense competition, not only in the traditional rear differential but also with the latest EV components. We have always worked with partners in world-class motorsports series such as F1, NASCAR, Super GT, Rallycross, Formula DRIFT and more, which has allowed ENEOS to develop not only the most efficient vehicle solutions but also the most protective to help ensure maximum durability and performance for the benefit of all.” SPECIFICATION Turn 14 Distribution / Toyo Tires / ENEOS / Evasive Motorsports Tesla Model 3 Pikes Peak Motor / Battery Cooling: CSF Radiators radiator / oil cooler, NO2 (nitrogen dioxide) sprayer, custom hood vent and rear inlet ducts Suspension / Chassis: KW Competition 3 Way coilover suspension, SPL Suspension spherical links, Evasive Motorsports spherical joints and custom front sway bar, MPP front upper A-arms and rear lower arms, Quaife ATB rear differential in modified frame, air jack lift system Wheels / Tires / Brakes: 18x11” Titan 7 TP-5 forged wheels with Evasive Motorsports aero covers, 305/650-18 Toyo Tires racing slicks, Brembo Pista racing front brake kit, custom Brembo GTS rear brakes, Evasive Motorsports electronic E-brake system Exterior: Artisan Spirits widebody fenders plus carbon fiber aero kit, Evasive Motorsports custom honeycomb carbon splitter and rear diffuser, Voltex dry carbon Type 13 1800mm GT rear wing, Evasive Motorsports carbon fiber doors, roof, rear windshield, trunk lid and front air duct, Lexan windows Interior / Safety: Evasive Motorsports FIA-spec rollcage, Evasive Motorsports carbon fiber dashboard, Motec C127 Datalogger / dash display, Sparco carbon/Kevlar QRT-K racing bucket seat, six-point harnesses and steering wheel ENEOS EV FLUID SERIES ENEOS EV FLUID Gear Protection: A fluid to enhance the performance and increase the protection of reduction gears ENEOS EV FLUID HV AT: A specialized fluid for automatic transmissions in electric/hybrid vehicles ENEOS EV FLUID Motor Cool: A fluid with a balance of gear lubricity, motor cooling, and electrical insulation properties ENEOS EV FLUID Energy Saving: A fluid to maximize the performance of motor cooling and energy-saving through very low friction ENEOS EV FLUID Isolation: A fluid to maximize electrical insulation for safety ENEOS EV FLUID Battery Cool: A specialized coolant for battery packs and electrical components EDITOR’S NOTE Additional high-resolution images of the Turn 14 Distribution / Toyo Tires / ENEOS / Evasive Motorsports Tesla Model 3 Pikes Peak race car are available here for editorial use: dropbox.com/sh/dkqgsmrz03p6bjo/AACyd_-aCEz7l4P5-2AsUDjna?dl=0 ABOUT ENEOS Established in 1888 and headquartered in Tokyo, ENEOS is Japan’s largest oil company, with manufacturing and sales facilities throughout the world. With a unique position in its home market, ENEOS has worked with Asia’s automakers and leading race teams for decades, creating advanced lubricants with their vehicle engineers to provide optimum fuel economy with maximum power and long-term protection. ENEOS also recently announced a new line of products for future electric vehicle applications, helping to ensure the newest EV technology is operating as efficiently as possible. For more information, please visit eneos.us Contact Details ENEOS Satomi Yamashita media@eneos.us ID Agency Greg Emmerson greg@theidagency.com Company Website https://www.eneos.us

June 22, 2021 06:50 AM Pacific Daylight Time

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Vinfast open for sale the first electric car, priced around VND 690 million

Media Outreach

HANOI, VIETNAM - Media OutReach - 24 March 2021 - On March 24th, 2021, VinFast Trading and Production LLC officially to open for placing orders for the first electric car model - VF e34 for around VND 690 million. In particular, pioneering customers with successful orders from now to June 30th, 2021 will be offered many attractive incentives and have the opportunity to own a car for just over VND 500 million. VinFast officially open for placing orders for VF e34 car model via website: https://shop.vinfastauto.com/vn/car-vfe34.html and at all showrooms and dealers in Vietnam with a deposit fee of only VND10 million VND per unit. Pioneering customers with successful orders from now to June 30th, 2021 will be offered a preferential price of VND 590 million with 01 year of free battery subscription. This is a stunningly attractive price for an electric car in segment C, creating favorable conditions for more customers to easily own smart and environment-friendly electric cars. In addition to attractive incentives and supporting policies, VinFast also introduces a breakthrough battery rental service instead of selling batteries with cars as usual. Besides reducing product costs, this solution provides maximum peace of mind for customers as VinFast will bear all risks of battery quality and life expectancy during use. Accordingly, customer can exchange for new batteries when the batteries are able to receive the charger below 70%. In terms of costs, customers only have to pay the monthly battery rental equal to the cost of buying gasoline. Specifically, VF e34 users pay monthly battery subscription fee of VND 1,450,000/month for a maximum travel distance of 1,400km (this is the average monthly minimum travel distance of a normal car). If traveling more than 1,400 km/month as the standard traveling distance, customers will pay an additional fee of VND 998/km. Adding charging cost of about VND 484/ km, the total cost of battery rental and charging will be VND 1,482/ km, equal to the cost of gasoline per km traveled. “In essence, although VF e34 is a smart electric vehicle, we manufactured it as a product enabling customers to directly compare with gasoline cars. In particular, customers do not have to pay for batteries and operating costs (including costs of battery rental and charging) which are exactly equal to the cost of gasoline consumption, while the price and features are superior to gasoline cars”, Ms. Thai Thi Thanh Hai – CEO of VinFast. Users can charge their batteries at home for proactive energy sources or charge them at VinFast charging stations. If fast charging mode is used, the car can travel a distance of 180km with just 15 minutes of charging. VinFast is urgently implementing construction of a charging station system across Vietnam. The Company aims to build about 40,000 electric car charging ports covering 63 provinces and cities by the end of 2021. VinFast VF e34, announced in January 2021 as VF31, is a smart electric car in segment C. It has a wheelbase of 2,611mm, dimensions (length x width x height) of 4,300 x 1,793 x 1,613 (mm), ground clearance of 180mm and unladen weight of 1,490kg. VF e34 is equipped with an electric motor for a maximum capacity of 110 kW, maximum torque of 242 Nm with front-wheel drive, MacPherson front suspension and torsion bar rear suspension. Additionally, it uses a 42kWh capacity battery for a traveling distance of 300km in a single full charge. To demonstrate product class and quality and for peace of mind of customers, VinFast pioneered in applying 10-year warranty policy for VF e34 model. Moreover, as a smart electric car, VinFast VF e34 is equipped with a wide range of driver-assistance and use-centric features for easier and more enjoyable operation. These include remote software update, automatic diagnosis and warning of vehicle problems, remote customer care support, cruise planning, calling emergency rescue services, locating and finding charging stations and dealers, tracking battery charge status, vehicle operation history, anti-theft warning, learning and remembering user’s usage habits, and voice control, etc. More specially, the car is fully equipped with the most advanced safety features. The first VinFast VF e34 cars are expected to be handed over to customers in November 2021. By the time of the next payment to receive the car, if the customers change their mind, the deposit fee will be refunded by VinFast without any fine. On this occasion, Vingroup also announced the establishment of the Green Future Fund, which aims to encourage and support initiatives to improve the living environment, towards a sustainable future. The Green Future Fund will immediately donate VND 30 million to customers who change from fossil fuel-based vehicles (gasoline, oil) to electric cars, thereby contributing to reducing environmental pollution through the Smart Solution's “Car Exchange Offer” service. (*) Basis for calculating battery subscription fees of VinFast VF e34 electric cars: - Estimated cost of gasoline (1): VND 1,482/ km (the current gasoline price is VND 19,000/ liter and average gasoline consumption of 7.8 liters/100km) - Estimated cost of electricity (2): VND 484/ km (the current price of electricity at level 5 is VND 3,117/ kW and the average energy consumption is 15.52 kW/100km). Customers pay this fee when charging the batteries at home or at the charging station. - Cost of battery rental payable by customers to VinFast: (3) = (1) – (2) = VND 998 Contact Details Vingroup +1 843-974-9999 v.chidqd@vingroup.net

March 24, 2021 09:10 AM Eastern Daylight Time

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Noy Fund and Nofar Energy enter Italy’s Energy Market

Nofar Energy Ltd.

Sunprime, which specializes in the development, certification, and construction of solar energy systems, won a tender for building 30MW rooftop capacity at a secured rate of €90-102 for 20 years. Sunprime is also in the process of licensing and developing a cumulative total of 100 MW Nofar and Noy Fund expect their collaboration in surplus-yield segments will accelerate the development and maximize the Italian market's potential. Nofar Energy today reported it had entered an agreement to invest in Sunprime General Srl via Andromeda Solutions, a company jointly held by Noy Fund (60%) and Nofar Energy (40%). Sunprime Generation develops, certifies, and builds photovoltaic rooftop systems in Italy. The power generated by these systems is sold at a fixed rate for 20 years under tenders published by Italy’s Regulatory Authority for Energy, Networks and Environment (ARERA). The partners will invest ~€40 million in shares that account for up to 50% of Sunprime’s share capital subject to attaining certain milestones. Nofar’s report shows the investment will be made via share purchase and allocation, including share convertible loans. The investment will be implemented in several stages, conditioned on winning ARERA’s tender for rooftop systems and the systems' physical readiness. The partners will provide €20 million in a shareholders’ loan to support Sunprime’s development and growth. As of the time of the report, Sunprime won a tender to build photovoltaic rooftop systems with a total throughput of 27.8MW. The electricity generated by the systems will be offered at €90-102 MW/h (€0.09 to 10.2 per Kw/h), a secured rate for 20 years. Sunprime also plans to bid on other projects published in 2021-2022 to build systems and sell the power generated by them at the rate stipulated in the various tenders (also secured for 20 years). Pini Cohen, Ran Shelach, and Gil-Ad Boshwitz, directors at Noy Fund, commented, “The investment in Sunprime adds to other strategic investments Noy Fund made in renewable energies in general and the high-growth niche market of solar roofs, in particular. The Fund had identified Sunprime as offering the most promising potential to achieve a breakthrough in the current phase of Italy’s solar roofs segment. |The new is aligned with the strategic thinking that has guided us in our successful investment in Nofar.” Nadav Tene, CEO of Nofar Energy, said, “Nofar Energy and its partner, Noy Fund, venture into Italy, a well-developed electricity market with multiple energy sources. The Italian government’s decision to increase the power generated from renewable energy sources to 55% of Italy’s power consumption played an important role in our investment decision. In line with Nofar’s signature approach, we focus on projects with a potential for surplus value and ROI. In Italy, too, each MW we generate will be worth more from the first tender. The transaction with Sunprime, a growing local platform, is expected to create Nofar and Noy Fund a significant potential for surplus yield.” Italy’s well-developed electricity market boasts numerous energy sources, including natural gas, hydroelectric facilities, renewable energies, and coal. In 2017, Italy’s government announced the National Energy Strategy, committing to phase out coal for energy production by 2025 and increase the share of electricity from renewable energy to 28% of its energy consumption by 2030 and 55% by 2030. In 2019, Italy set specific targets for renewable energies, including reaching an installed capacity of 50GW from solar energy and 18GW from wind energy by 2030. Noy Fund is Israel's largest infrastructure fund. To date, it had raised ~ILS 7 billion in three funds and other entities and is now in advanced stages of mobilizing its fourth fund of over ILS 2 billion. Noy Fund incorporates most of Israel's major institutional investors, including Altshuler Shaham, the Phoenix, Menora, Clal, Migdal, Amitim, Meitav Dash, Psagot, Halman Aldubi, Poalim Capital Markets, and more. Nofar Energy, which issued stock on TASE in December 2020, develops, certifies, builds, and operates photovoltaic systems, mainly in the dual segment (stored and rooftop power). As an engineering company, Nofar leverages its in-house capabilities to achieve operating flexibility and other benefits in this segment, which features surplus yields projects. The company translates wins into initiating, building and running projects with surplus yields and “megawatts that are worth more”. Contact Details Dikla Ivry Pardnoy +972 52-380-4085 dikla@ivripr.com

February 09, 2021 04:05 AM Eastern Standard Time

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VinFast Launches 3 Brand New Electric Autopilot Models And Affirms Vision To Be The Global Smart Electric Vehicles Company

Media Outreach

VinFast's strategic vision to become a global high-tech automobile brand; Three new Smart EV models: VF31, VF32, VF33; In particular, VF32 and VF33 will recieve orders in US and Canadian and European market in November 2021; VinFast applies self-driving up to level 4 and other advanced technologies such as: artificial intelligence (AI), deep learning (Deep Learning), facial recognition, multi-lingual virtual assistant, etc.; HANOI, VIETNAM - Media OutReach - 22 January 2021 - On 22 January 2021, VinFast announced 3 brand new self-driving electric SUV models, using AI with many outstanding smart features. This is an important milestone, affirming the vision of becoming a global smart electric vehicle company; and contributing to bringing Vietnam to a new level on the world map of automobile industry. With this strategic vision, after only 3 years in operation, VinFast has successfully researched and developed the first three self-driving electric cars: VF31, VF32, VF33. All 3 SUVs are multi-purpose vehicles, with a strong and trendy high-chassis design; capable of steering and self-driving assistance; equipped with outstanding safety and intelligence features. In particular, the VF31 is a mid-sized SUV/C-segment with basic self-driving and steering assistance features such as lane departure warning, blind spot warning, vehicle cross-section warning when reversing, vehicle warning from behind when opening. door, reverse camera, 360 camera, front-back parking assist sensor, automatic headlight... VF32 (mid-size SUV/D-segment) and VF33 (full-size SUV/E-segment) own self-driving level of 2-3, with 30 intelligent features divided into 7 groups including: driver assistance, lane control, speed control, scene collision warning and mitigation, parking assistance and driver monitoring. This is among the few vehicles in the world, which reach level 3 autopilot capability, affirming VinFast's R&D capacity and ability to deploy high-class, pioneering products. In particular, the full-option versions of VF33, VF32 and VF31 own high-performance sensor systems including LiDAR sensors; 14 cameras are capable of detecting objects up to 687m away; 19 360-degree sensors allow warning and handling at high speeds (above 100km/h). The self-driving system controlled by the Orin-X chip can process up to 200 GB of data per second, allowing control and navigation up to eight times faster than current generations. In addition, the full-option versions of all 3 models are equipped with some level 4 autopilot features such as automatic 3-dimensional map setting (first and only in the market), auto-detect parking slot and auto-parking; summoning vehicles... with the ability to connect with the transport system and smart cities, bringing comfort, safety and high-class experience to the users. In addition to outstanding autopilot features - with the "customer-centric" philosophy - VinFast specially invests in smart features (virtual cockpit) with advanced technologies such as artificial intelligence technology (AI), deep learning (Deep Learning), facial recognition, multi-lingual virtual assistant, etc. The above features not only open up a space for enjoyment, but also fully customizable to personalize the vehicle according to the characteristics and usage habits of the owner. This is an outstanding difference that VinFast focuses on accelerating user experience, creating every most valuable moment, only available in VinFast electric cars. In terms of safety, all 3 models meet the world's highest safety standards such as NHTSA 5*, Euro NCAP 5* with automatic detection, warning and notification systems to medical centers when users have accident. The batteries are arranged under the floor of the car, with heat resistance from 400C to 800C to ensure absolute safety when driving. In addition, all vehicles have automatic updating software and detecting faults and contacting service stations, etc. The VF31 car is expected to start receiving orders in Vietnam from May 2021, and hand over to customers from November 2021. VF32 and VF33 will receive orders from September 2021 in Vietnam, hand over from February 2022. In the US and Canadian, European market, VinFast will receive orders from November 2021 and hand over from June 2022. The launch of smart electric vehicles, including electric scooters, electric buses and electric cars, is part of VinFast's predetermined roadmap since joining the auto market - 3 years ago. In addition to the most modern factory complex in Southeast Asia in Vietnam, VinFast currently owns a network of R&D centers in Australia, Germany and the US; and a world-class vehicle testing center in Australia. This is a solid foundation for VinFast to reach its global vision and become a popular high-tech electric vehicle company in the world as well as develop green transport eco-system and reducing emissions./. 3 model specifications: VinFast VF31, equivalent to C-SUV segment Overall: total 4,300mm long, 2,611mm long wheelbase; 10-12.8 inch infotainment screen, air conditioning system using HEPA filter with activated carbon filter; steering wheel heating, seat heating and ventilation (premium version).... Permanent magnet electric engine: equivalent to vehicles using internal combustion engines. Power 150kW, maximum torque 320Nm (Premium version); capacity of 85kW, maximum torque of 190Nm (standard version). Battery capacity 42kWh. Travel distance up to 300km Safety standards: EURO NCAP 5* (premium version); ASEAN NCAP 4* (standard version) VinFast VF32, equivalent to D-SUV segment Overall: total 4,750mm long, 2,950mm long wheelbase; 15.4-inch infotainment screen; interior lighting system with multi-color adjustment, air conditioning system using HEPA filter with activated carbon filter; steering wheel heating, seat heating and ventilation (premium version).... Permanent magnet electric engine: 2 permanent magnet electric engine, capacity of 300kW and maximum torque of 640Nm (premium version). 1 electric motor with permanent magnet capacity of 150kW, 320Nm (standard version). 90kWh capacity battery and full-time 4-wheel drive. Highest safety standards: NHTSA 5*, Euro NCAP 5* VinFast VF33, equivalent to E-SUV segment Overall: 5,120mm long, 3,150mm wheelbase, 15.4-inch center screen, LED Matrix system; Panoramic ceiling glass, area 2.63m2, anti-UV 99% (high-end version) Permanent magnet electric engine: 2 electric engine X 150 KW, Battery capacity up to 106kW. Travel distance up to 550 km Highest safety standards: NHTSA 5*, Euro NCAP 5* Contact Details VinGroup Media Contact +84 24 3974 9999 v.chidqd@vingroup.net Company Website https://vingroup.net/

January 22, 2021 08:00 AM Eastern Standard Time

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