SOLAR+STORAGE

PanXchange and NIHC Announce Partnership for Climate-Smart Agriculture

PanXchange | June 17, 2022

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PanXchange, the industry market structure solution and benchmark price provider for US hemp, and the Washington DC-based National Industrial Hemp Council of America announced that they have signed a memorandum of understanding (MOU) that will support the growth of financial incentives for carbon sequestration for the US industrial hemp market.

"NIHC is a leading and unifying voice for the industry, particularly in regulatory issues for industrial hemp, Partnering with a strong hemp membership and advocacy organization like NIHC will help grow industrial hemp markets and related climate-smart agricultural practices across the supply chain," 

- Julie Lerner, founder, and CEO of PanXchange.

The two companies said the partnership would allow hemp farmers to take advantage of PanXchange's deep knowledge of commodity trading and the potential impact of implementing climate-smart practices specifically for hemp growing and processing.

PanXchange is rolling out a transparent carbon program that provides farmers a viable path toward financial rewards for implementing regenerative agricultural practices.  Moreover, Lerner explains that the PanXchange program gives farmers full ownership of the carbon credits earned and full agency to market the credits directly to buyers through its online trade platform.

The company already has 31,000 acres of croplands committed to the program for the 2023 crop year.

Other aspects of the MOU include:

PanXchange's carbon program will be the preferred vendor for NIHC's membership of hemp producers under the new agreement.
NIHC will partner with PanXchange to craft joint educational programming on carbon credits and regenerative agriculture.
PanXchange will serve as the NIHC preferred vendor for research projects involving climate-smart commodity markets and climate-smart practices specifically related to hemp growing and processing.

"Carbon sequestration and the voluntary carbon market are part of hemp's renaissance and will be an important part of North American agriculture. This partnership will be a value-add for American farmers who choose to grow hemp.  Producers and the companies using these raw goods will also benefit alongside American consumers who will ultimately fulfill the promise of hemp's potential to power our climate-smart economy,"

- Patrick Atagi, President and CEO of the National Industrial Hemp Council of America.

About PanXchange
PanXchange specializes in creating ESG-focused physical commodity trading markets and benchmark pricing for better risk management. The firm is launching a vertically integrated and inclusive agricultural carbon program relying on its strong foundation in regenerative agriculture to generate carbon credits for sale on its platform. In doing so, PanXchange has developed buyer-approved and farmer-friendly carbon project methodologies for croplands and grasslands to lower the cost of entry for the average farmer. PanXchange is the leading benchmark price provider in the US hemp industry and the only institutional-grade trading platform for physical transactions.

About National Industrial Hemp Council
The National Industrial Hemp Council of America provides high-quality networking and resources for its members, from farm to consumer. Its leadership is composed of leading international, federal, state, private industry, and government professionals throughout the sector. The organization is dedicated to furthering market development, assisting members in entering the industry, and educating consumers on industrial hemp and its applications. Learn more about the NIHC at the 2022 Business, Research and Farm Summit happening August 22-23 in Corvallis, Oregon, at the Oregon State Global Hemp Innovation Center.

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SUSTAINABILITY

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Cummins Inc. | June 29, 2022

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Komatsu has worked to reduce greenhouse gas emissions for customers through innovative product development for decades in many areas including electric diesel dump trucks, hybrid excavators, electric power excavators, regenerative energy storage capabilities and fuel saver programs. Komatsu also announced in 2021 the creation of its Greenhouse Gas (GHG) alliance with customers to actively collaborate on product planning, development, testing and deployment of the next generation of zero-emission mining equipment and infrastructure. The alliance’s initial target is advancing Komatsu’s power-agnostic truck concept, with a goal of commercial offering in 2030. The collaboration with Komatsu is part of Cummins’ Destination Zero strategy to reduce the greenhouse gas (GHG) and air quality impacts of its products and reach net zero emissions by 2050. This commitment requires changes to Cummins’ products and the energy sources that power them. 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SUSTAINABILITY,ENERGY

Sunnova Expands Energy as a Service Offerings to Commercial Businesses

Sunnova Energy | September 23, 2022

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INDUSTRY UPDATES

TGS Acquires Prediktor

TGS | July 04, 2022

a global provider of energy data and intelligence, announced that it has acquired Prediktor AS ("Prediktor"), a leading provider of asset management and real-time data management solutions to renewable and energy asset owners. Established in 1995, the company has carried out thousands of installations on mission-critical industrial and energy assets on all seven continents, enabling data-driven automated operations solutions and optimization of asset portfolios. Prediktor’s software and systems are being utilized on a large variety of assets, including: Benban (Egypt), the world’s largest PV solar plant, built in 2019; Dogger Bank (UK), the world’s largest offshore wind farm, currently under construction; Johan Sverdrup oil field (Norway) delivery in 2019, one of the world’s largest offshore oil & gas assets developed in recent times Based in Fredrikstad, Norway, with 40 employees, Prediktor counts some of the world’s leading renewable energy producers among its clients. The company currently supports 7 GW of renewable energy assets (mainly PV solar), with a solid pipeline of further installations. The asset management solutions help clients manage operational risks and optimize asset performance by monitoring projects, forecasting energy production, recommending actions and automating decision-making. Prediktor also provides data management applications that organize Industrial Internet of Things sensor data (IIoT), helping clients capture, validate, store and contextualize real-time data. Globally leading energy and industrial companies are among Prediktor’s data management customers. "I am very pleased to announce the acquisition of Prediktor. The company has an impressive track record of providing cutting-edge data-driven solutions and superior customer service to energy companies worldwide – a cultural fit with TGS. In February 2021, we introduced our New Energy Solutions initiative, which provides data and insights for industries actively contributing to reducing greenhouse gas emissions. Since then, we have launched several organically-developed data-driven solutions for offshore wind, geothermal energy and carbon storage, as well as acquired offshore wind market intelligence provider 4C Offshore, Ltd. Prediktor will become another important building block for realizing our vision of creating an energy industry gateway providing integrated solutions for data and actionable insights to facilitate decision making, project development and asset performance management across energy project life cycles and markets.” -Kristian Johansen, CEO at TGS Espen Krogh, CEO of Prediktor adds: Prediktor has through the past 27 years attracted unique talent in the field of industrial digitalization, crafting unique and innovative products and services for our clients. The last couple of years we have expanded our focus on the Energy Transition, driven by the high customer demand for our deep industrial experience and field proven products in this rapidly growing segment. We are currently in a unique phase of industrial energy asset building of wind and solar assets at a vast global scale. Prediktor’s biggest challenge is the ability to scale fast enough in all our business processes to deliver to our clients’ ambitious pipeline. In TGS, we see the vision, resources, agile-get-the-job-done culture and infrastructure to meet this challenge: TGS is the perfect new home for Prediktor.” About TGS TGS provides scientific data and intelligence to companies active in the energy sector. In addition to a global, extensive and diverse energy data library, TGS offers specialized services such as advanced processing and analytics alongside cloud-based data applications and solutions. About Prediktor Prediktor is a leading provider of asset management and real-time data management solutions to renewable- and energy asset owners. The Company uses decades of experience with industrial digitalization to enable its clients with data-driven operations and optimization of their asset portfolios. Prediktor automates asset management of portfolios using expertise in advanced prediction models and delivers future-proof solutions and no vendor lock-in with adherence to digital standards.

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