Professional Datasolutions, Inc. | March 02, 2022
PDI, a global provider of leading enterprise management software for the convenience retail and petroleum wholesale industries, has acquired GreenPrint, the corporate sustainability solutions leader. GreenPrint will become the foundation of the newly established PDI Sustainability Solutions practice, leveraging the company's expertise to continue building a portfolio that improves business results through eco-minded innovations.
Founded in 2014 and headquartered in Atlanta, Georgia, GreenPrint provides "sustainability as a service" to increase consumer loyalty, sales, and profitability for clients around the world. As innovators of carbon offset programs, GreenPrint offers both turnkey and custom solutions that help companies meet their sustainability goals while enhancing their brand value. PDI retail customers can now offer consumers an opportunity to reduce their environmental footprint while fueling, as GreenPrint programs award carbon offsets based on the purchase of petroleum at the pump through a proprietary processing and reporting portal.
Participating consumers will see their sustainable contribution and impact grow over time, as the loyalty-based program makes an ongoing investment in verified carbon offset efforts such as reforestation, landfill gas capture, renewable energy, and other green initiatives. GreenPrint carbon offset programs follow industry-leading certifications and standards. To add further credibility and effectiveness, all calculations and offsetting claims are certified by a top-five global accounting firm.
The acquisition of GreenPrint, with the proven, tangible impact its programs make, is a meaningful addition that will help our customers advance their sustainability objectives. By investing in GreenPrint and other forward-looking innovations under the umbrella of PDI Sustainability Solutions, we can connect brands and retailers with consumers who share a vision for an environmentally responsible future."
Linnea Geiss, Chief Operating Officer at PDI
PDI Sustainability Solutions will include existing technologies built by PDI, such as EV charge price optimization algorithms, to support the evolution of the c-store and wholesale petroleum industries. PDI is also developing integration opportunities for GreenPrint across its Consumer Engagement solutions, including the Fuel Rewards program, GasBuddy app, and the PDI portfolio of white label loyalty programs.
"When PDI looked at ways it could support consumers in sustainable actions at the pump and in the c-store, GreenPrint rose to the top," revealed Mark Coffey, SVP and General Manager of Consumer Programs at PDI. "GreenPrint is recognized for making sustainability actions simple and effective. This creates a strong sense of consumer goodwill and loyalty that aligns powerfully with the leading loyalty programs PDI currently provides."
Together with PDI, GreenPrint will continue as the sustainability partner behind reduced emissions programs for brands that include Marathon, Stop & Shop, Twice Daily, Maxol, The GIANT Company, and many others. Today, GreenPrint helps reduce emissions on over one billion gallons of fuel annually across thousands of retail locations and over 100,000 corporate and municipal fleets in 15 countries.
"GreenPrint is a pioneer in purpose-driven loyalty and invented the concept of offering carbon offset gasoline at the pump as a bridge to the future and a way to build consumer loyalty," said Pete Davis, Co-Founder and CEO at GreenPrint. "Today, we are thrilled to join PDI to expand and extend our efforts."
Before co-founding GreenPrint, Davis founded and led numerous other loyalty and rewards programs across the retail, hospitality, and payments sectors and is renowned as an innovator of retail and rewards technology. Davis, GreenPrint Co-Founder and President Trenton Spindler, and the GreenPrint team will join PDI as part of the acquisition, where they will remain focused on sustainability and loyalty.
Berenson & Company and Citizens M&A Advisory served as financial advisors to PDI and GreenPrint, respectively, in connection with the transaction.
Professional Datasolutions, Inc. (PDI) software helps businesses and brands increase sales, operate more efficiently and securely, and improve critical decision-making. Since 1983, PDI has proudly served the convenience retail and petroleum wholesale industries. Over 1,500 companies, representing more than 200,000 locations worldwide, count on PDI solutions and expertise to deliver convenience and energy to the world.
GreenPrint is a global environmental technology company, offering sustainability as a service with patent-protected programs that deliver environmental impact and bottom-line results. An Inc. 5000 company and a member of 1% for the Planet, GreenPrint's turnkey offerings help companies meet sustainability goals while increasing brand value and customer loyalty— making it easy for businesses to do well by doing good. GreenPrint, A Public Benefit Corporation, is on pace to offset over 30 million metric tons of carbon by 2025.
NaaS | February 14, 2022
It is commonly said that new energy vehicles (EV) promotes green energy and travel, so then just how much are emissions reduced by EVs, as compared to traditional internal combustion engine (ICE) vehicles? Recently, NaaS, one of China's leading new energy operations and technology providers, revealed the answer by enabling the transition from ICEs to EVs and facilitating the aforementioned emissions and carbon reduction, receiving recognition from the international testing agency SGS for the amount of emissions reduced in the process. According to SGS's "Assessment Report of Greenhouse Gas Emission Reductions on Alternative Traveling by NaaS Electric Vehicles" (the "SGS Assessment Report"), in 2021, NaaS, through the Company's cooperation with Kuaidian and other partners, provided charging services that reduced carbon emissions by 896,800 tons, based on emissions of 661,100 tons versus the 1,557,9000 tons that would have been emitted by traditional ICEs for the same distances travelled.
The SGS Assessment Report relied on the Clean Development Mechanism (CDM), the 2006 IPCC Guidelines for National Greenhouse Gas Inventories, and the China Certified Emission Reduction (CCER)'s related process and methodologies to make the assessment, and primarily focused on the greenhouse emissions related to EVs that used NaaS' partner Kuaidian's related charging services.
Recently, the global adoption of EVs has reached a breakthrough. In 2021, China's EV sales and penetration rate continues to grow rapidly month on month, and the market has reached a stage of explosive growth. According to statistics from the Public Security Bureau, at the end of 2021, the total number of EVs in China reached 7.84 million, representing 2.6% of all automobiles, and an increase of 59.25% year on year. According to the China Passenger Cars Association (CPCA)'s latest projections, total sales of new EVs is expected to exceed 6 million in 2022, representing a market penetration rate of approximately 22%. In addition, based on the Ouyang Team's analysis and estimates, China's new EV sales will reach between 17 million and 19 million by 2030. In terms of total number of EVs on the road, total EVs in China will reach approximately 100 million by 2030, nearly 200 million by 2035, and nearly 300 million by 2040.
Based on the expected increase in the number of EVs on the road in China, it can be anticipated that the trends driving the transition from ICEs to EVs will continue to strengthen, and bring with it an increasingly strong decarbonization effect. These trends also mean that the market for EV charging services in China have tremendous room for growth and potential for development. NaaS, as an enabler and strong supporter of EV adoption and the government's "Dual Carbon" goals, provides the charging infrastructure and services that enables green energy and travel. NaaS, through the Company's electric charging partners, reliable technology, and strong operational capabilities, will continue to contribute strongly to the decarbonization of transportation services.
As an EV charging operations and technology provider, NaaS services China's fast public charging network by providing software services, hardware and equipment, and integrated technical support, and is a preferred partner within the EV charging industry. NaaS aims to make EV charging more convenient, faster, and the experience better, and enable all members of the industry value chain to improve efficiency and effectiveness. The Company aims to raise the utilization rates of chargers as part of the structural adjustments in China's energy industry, and help realize "Carbon Neutrality" in the process.
SGS is an organization with over 140 years of history in testing, inspection and certification, and is headquartered in Switzerland. SGS is globally recognized for quality and trusted standards assessment. SGS has for six continuous years been included in the Dow Jones Sustainability Indexes, and for the past three years in the FTSE ESG index. SGS has over 96,000 employees globally in 2,600 related branch organizations and laboratories. In China, SGS' services already cover the apparel and shoe industry, electronics, agriculture, food and beverage, chemicals and petroleum, mining, environmental, transportation and e-commerce industries' upstream and downstream supply chain.
Established in 2019, NaaS is one of China's leading new energy operations and technology providers. NaaS is China's leading comprehensive EV charging service platform and is servicing China's #1 fast charger network with over 175,000 fast chargers. NaaS also offers hardware, software, and technology services and solutions to charger operators and works with all members of the EV charging value chain. NaaS aims to make EV charging easier, better, and more efficient for all stakeholders, and to promote and ensure decarbonization and carbon neutrality throughout the automotive value chain.
STRATEGY AND BEST PRACTICES
ACE Green Recycling | May 16, 2022
US-based recycling technology company, ACE Green Recycling (ACE) announces its plans to build and operate four new lithium-ion battery recycling facilities with a planned total annual capacity of over 30,000 tons. The four locations will tap into previously underserved recycling markets and provide regional markets with an emissions-free, carbon-neutral recycling solution to support the global adoption of lithium-ion batteries. Lithium-ion batteries are currently employed in most of the world's portable electronic devices and electric vehicles, as well as potentially serving as grid energy storage solutions.
ACE is currently planning for facilities in Thailand, India, and USA, with planned capacities of 10,000 tons between India and Thailand and 20,000 tons in the USA. Operations in India are expected to commence by the third quarter of 2022 with initial processing capacity of 1800 tons per year, while Thailand and USA would come online in 2023 with full operational capacity planned to be achieved across all facilities by 2025.
ACE recently announced its flagship combined lead-acid and lithium-ion battery recycling park in Texas, USA. With the announcement of plans to simultaneously set-up facilities in Asia, ACE is working towards being a global player for Li-ion battery recycling. The company will be deploying its proprietary hydrometallurgical recycling process that combines a completely emissions-free, low temperature process with market-leading recovery rates in excess of 98%. ACE can also successfully reclaim valuable metals like copper and aluminum , while also being able to handle a wide variety of the world's most utilized lithium-ion battery chemistries. In line with its environmental ethos, the process also produces zero toxic solid waste or effluent.
In addition to copper and aluminum, materials recovered also include a variety of sulphates and carbonates of cobalt, manganese, and nickel, all of which leave ACE's facility "user-ready" for use in the next generation of lithium-ion batteries.
"With the set-up of these four new facilities we would strategically leverage our global supply chain experience to not only cater to the North American markets but also Asia where we have a very strong on the ground experience and existing relationships,"
-Nishchay Chadha, ACE's Co-Founder and Chief Executive Officer.
ACE is already in discussions with potential partners for various battery waste supply and product off-take arrangements to guarantee a steady inflow of recyclable batteries and a ready customer for its market-grade battery materials.
When fully operational, ACE expects to provide up to 100 direct and indirect jobs to the local economy.
While the global market for lithium-ion battery recycling currently remains relatively low, key OEMs, EV manufacturers, and strategic investors remain bullish on the need for a sustainable and environmentally responsible recycling solution due to three key reasons.
The exponential growth in the adoption of lithium-ion batteries – from the already ubiquitous portable electronic devices to the widespread and growing popularity of electric vehicles – is heralding an unprecedented uptick in demand. Further, government mandates for "producer responsibility" require battery manufacturers to rapidly identify sustainable recycling solutions which can minimize the overall environmental footprint of battery manufacturing. With the continual fragility of global supply chains causing extreme price shocks , players across the value chain(s) are looking to diversify their sources of battery materials away from regions of heightened political instability.
"By providing a zero emissions lithium-ion battery recycling solution, ACE solves all of these concerns and provides the necessary supply chain localization and reliability of the valuable battery materials. Global scale up of our technology will provide vital support for a sustainable electrification of mobility and manufacturing."
- Dr Vipin Tyagi, Co-founder and Chief Technology Officer of ACE.
ACE will deploy its capital and collaborate with several strategic and financial investors to set up the envisioned facilities.
ACE is already a leading pioneer in the hydrometallurgical recycling of lead-acid batteries, having already deployed its technology on a commercial scale with leading recyclers and industry players with many new facilities set to come online across Asia, Europe, and the Middle East by early 2023.
About ACE Green Recycling Inc
ACE Green Recycling is an American green recycling technology company with global operations across Southeast Asia and India. The company has successfully commercialized its proprietary recycling process for used lead-acid batteries that releases no greenhouse gas emissions and is currently scaling up its zero-emission technology to recycle lithium-ion batteries. ACE is also simultaneously working on clean technology solutions for other metallic waste streams. The team behind ACE has decades of recycling, technology and scrap supply chain experience, making them poised to become a leader in global recycling.
Global Strat View | February 07, 2022
Global Strat View hosted a panel discussion on the International Solar Alliance (ISA) and the Quest for Clean Energy on February 4, 2022, at the National Press Club.
Moderated by Kostis Geropoulos, Energy Editor at New Europe, the panelists included Jagjeet Sareen, Assistant Director General of ISA; Llewellyn King, founder of the Energy Daily; and Neelima Jain, Deputy Director & Senior Fellow, Wadhwani Chair in U.S. India Policy Studies, CSIS.
If you add up all the net zero commitments made by countries in Glasgow, solar technology applications provide more than 50 percent of the solution. And if you add hydrogen to it, if you add storage, heating and cooling, the offering of solar as a solution goes about 65 percent. It's well established among among the top leaders, thinkers, modelers, industry people who are doing forecasting that we need to harness solar technology in a much bigger way to solve the energy transition problem if we are really serious about this.”
Jagjeet Sareen, Assistant Director General of ISA
"India has been punching above its weight as part of the additional renewable energy capacity system, despite continuing to balance the development and social needs of a large and complex developing nation. The installed capacity of renewable energy overall has increased to about 220 plus percent in the last four years, and solar power capacity alone has increased more than 11 fold in the last five years," said Neelima Jain.
"Solar electricity from photovoltaic cells is cheap. We know how to make it. We know how to deploy it. We need to find out how to move it around quickly and cheaply and how to store it. It is one of the great benefits for mankind, and it is definitely a huge benefit in fighting carbon in the atmosphere," said Llewellyn King.
The ISA was founded by India and France to mobilize efforts against climate change through deployment of solar energy solutions. It was conceptualized on the sidelines of the 21st Conference of Parties (COP21) to the UN Framework Convention on Climate Change in Paris in 2015. India hosted the Founding Conference of the ISA in 2018, and the ISA Secretariat was established in New Delhi. 40 % of India's total installed electricity capacity today is non-fossil based.