Sysco Announces Sustainability Bond Framework to Advance Its 2025 CSR Goals

Sysco | February 07, 2020

Sysco Corporation (NYSE: SYY), the leading global foodservice distribution company, announced today it has designed a Sustainability Bond Framework (the Framework) under which it may issue Green, Social and/or Sustainability Bonds to advance the company’s 2025 corporate social responsibility (CSR) goals. Sysco’s CSR strategy focuses on three key areas: people, products and planet, setting a clear path for the future and demonstrating the company’s continued commitment to caring for people, sourcing products responsibly and protecting the planet. The company’s 2025 CSR goals, announced in 2018, include a comprehensive set of objectives, including sourcing 20% of its electricity from renewable sources, powering 20% of its truck fleet with alternative fuels, expanding its sustainable agriculture program to five fresh crops, doubling the availability of Sysco Brand organic produce, and increasing its spend with women- and minority-owned suppliers by 25%.

Spotlight

Joe Lillard of Atlas Copco discusses where Atlas is currently seeing highest project development demand, major barriers to geothermal development and what practices the industry could adopt from the oil and gas industry.


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SOLAR+STORAGE

Greenland Launches New HEVI Equipment Brand

Greenland Technologies Holding Corporation | May 13, 2022

Greenland Technologies Holding Corporation (NASDAQ: GTEC) ("Greenland" or the "Company"), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, today announced the launch of HEVI Equipment, its new clean industrial heavy equipment brand. HEVI Equipment will serve as a rebranding of the Company's Greenland Machinery division that produces all electric industrial sized front loaders, excavators and other equipment. The Company's focused strategy is symbolized in the iconic American bison logo, which exemplifies a healthy, green environment, strength, durability and graceful power. Customers can find more information at www.gethevi.com. The American bison has a message of duality. On one hand it serves to show the strength, power, and ruggedness that a bison possess that our vehicles also demonstrate. While on the other hand, the American bison is a living example that through endurance, perseverance, and the drive towards a more sustainable environment, we can begin to right our wrongs and start taking the steps towards a cleaner tomorrow. The American Bison was nearly driven to extinction in the 19th century from human interference and over hunting. After realizing the near extinction of the species, Americans began to take concerted efforts to preserve the species, which is why today, the American bison is once again roaming the plains freely. "This is another important step in our company's evolution. We reached a critical juncture having launched our initial electric industrial equipment models. With the rebranding of our Greenland Machinery division as our HEVI Equipment division, we believe we will gain a further advantage in the market. We are drawing on our Company's highly successful history and leveraging our expertise in the industrial market to accelerate growth in the rapidly evolving industrial electric vehicle market." -Raymond Wang, CEO of Greenland About Greenland Technologies Holding Corporation Greenland Technologies Holding Corporation (NASDAQ: GTEC) is a developer and a manufacturer of drivetrain systems for material handling machineries and electric vehicles, as well as electric industrial vehicles. Information on the Company's clean industrial heavy equipment division can be found at HEVI Equipment, its new clean industrial heavy equipment division.

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ENERGY

Volvo Energy invests in Connected Energy for second life battery business

Volvo Energy | June 17, 2022

Volvo Energy invests in the UK-based, second-life battery energy storage specialist Connected Energy in order to further accelerate Volvo Group's battery business and sustainability opportunities. In its mission to support and secure an attractive and sustainable circular business model for batteries, Volvo Energy is investing approx. SEK 50 M for 10 percent in the UK-based second-life battery energy storage specialist Connected Energy. "There is a great deal of untapped potential in the second-life use of batteries. This forward-leaning investment aims to facilitate the scaling-up of second-life battery energy storage systems and further secure circular business opportunities for the forthcoming ramp-up in Volvo Group's second-life battery returns, Together with Connected Energy, we will minimize the environmental impact of the batteries that has powered Volvo Group vehicles. By repurposing the batteries, we obtain the full value from them – from a climate, environment and business perspective." -Joachim Rosenberg, President Volvo Energy. "We couldn't be more pleased to welcome our new investor Volvo Energy on board and look forward to forging a path to increasing the sustainability of both electric vehicles and grid connected energy storage. Our collaboration will enable us to optimize the potential for battery reusage and ensure that the resources in the batteries are used effectively," - Matthew Lumsden, CEO Connected Energy. Volvo Energy is one of five new investors including Caterpillar Venture Capital Inc., the Hinduja Group, Mercuria, OurCrowd to join existing investors of Connected Energy; Engie New Ventures, Macquarie, and the Low Carbon Innovation Fund. Facts Volvo Energy Volvo Energy is a business area within the Volvo Group dedicated to providing essential support and infrastructure during the first-life, i.e. when batteries are mounted on vehicles, whilst subsequently securing reliable and sustainable second-life opportunities prior to battery recycling. Consequently, Volvo Energy supports to optimize first-life, creates and prolongs the second-life opportunities and thereby expanding the value creation from a climate, environment and business perspective. Facts Connected Energy With its headquarters in Newcastle upon Tyne, Technical Centre in Norfolk and systems operational in the UK, Belgium, Germany and Netherlands, Connected Energy is one of only a handful of companies in the world to have proven that second life vehicle batteries can be used in commercial battery storage systems. Connected Energy has sixteen operational systems across Europe: Belgium, Germany, the Netherlands and the UK with its largest at Cranfield University in Bedfordshire, England.

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SOLAR+STORAGE

Innovative Quidnet Energy Storage Technology Specifically Designed to Prevent Texas-Type Grid Failures

Quidnet Energy | February 19, 2021

Company’s Modular Pumped Hydro Solution Highlighted This Week on 60 Minutes, Forbes and USA Today Houston, TX - Quidnet Energy today said that on its current development trajectory, its low cost, modular, long duration energy storage technology could be installed across the Texas system in as few as three-five years to prevent failures such as witnessed the third week of February when a polar vortex froze the grid. The company is already developing two projects in the Lone Star State as well as in Ohio and New York. Quidnet’s Geomechanical Pumped Storage (GPS) technology stores excess power when electricity demand is low and saves it to be released to the grid over long periods of time when generators can’t keep up with demand such as this week in Texas. Quidnet was launched in 2016 and is rapidly scaling to deploy this storage technology. It is being widely embraced for its potential as a game changer for maintaining electric reliability in the new world of variable output renewable energy. The company receives support from the US Department of Energy, New York State Energy Research Development Authority, Evok Innovations, Trafigura and Bill Gates’ Breakthrough Energy Ventures climate change focused fund. Quidnet pumps water underground and stores it in-between layers of shale. The natural elasticity of the rock performs like a spring and holds the water under pressure until it is needed, at which time it is released through a hydroelectric turbine to produce electricity to send back to the grid. The system is closed loop and the primary components of the process are water, clay, and natural salts. The entire process is powered by excess grid electricity. Because the majority of the process is subsurface, there is relatively minor land disturbance (well head, pump and generator building, holding pond), allowing farmers and landowners to generate significant new lease revenue with minor impact. Quidnet utilizes many of the same subsurface knowledge, workforce, and supply chains as the O&G industry, making it a perfect opportunity to re-channel thousands of displaced workers—and the supply chains they operate--toward accelerating a green energy future. Early resource investigations project sufficient North American shale resources to provide 2-4 times the long duration energy storage needed by the grid at less than half the projected cost of Li-ion batteries and other leading solutions. “The very talented, dedicated and rapidly-growing Quidnet team is hyper-focused on the imperative to ensure a reliable energy transition” said Joe Zhou, Quidnet CEO. “We are committed to being a major part of the solution.” To view the 60 Minutes, Forbes and USA Today clips and learn more about Quidnet, please visit www.quidnetenergy.com. About Quidnet Energy Based in Houston, Texas with offices in San Francisco and Saratoga Springs, Quidnet’s patented GPS technology utilizes excess renewable energy to store water beneath ground under pressure. When renewable energy is not producing this pressurized water drives hydroelectric turbines producing electricity to support the grid at a fraction of the cost of Li-ion and for much longer duration. Quidnet’s technology is an adaptation of centuries-old gravity-powered “pumped storage,” but without the massive land requirements and reliance on elevated terrain. Please visit www.quidnetenergy.com Contact: Steve Sullivan (518) 441-7272 sullivan@quidnetenergy.com

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FOOD SYSTEMS

AlsoEnergy, a Stem Company, Launches Premier Distribution Channel

AlsoEnergy | June 08, 2022

AlsoEnergy, a Stem (NYSE: STEM) company and a leading edge-to-cloud clean energy optimization platform provider, has launched a premier distribution channel to further accelerate the adoption of clean energy assets. Building on the success of its direct sales, AlsoEnergy is leveraging Stem’s proven channel sales model and relationships with global distributors to begin offering its edge-to-cloud platform more broadly across the U.S. The new distribution channel provides Engineering, Procurement and Construction (EPCs) and developers with streamlined access to AlsoEnergy’s platform that unlocks improved economic and operational opportunities for a range of systems, including solar Commercial and Industrial (C&I) systems. The channel launched with a leading North American distributor and is expected to expand to other distributors. Designed for C&I projects up to 3 megawatts (MW), the platform includes edge solutions that collect and log data about onsite conditions from various clean energy hardware. The data is then securely transmitted to PowerTrack, AlsoEnergy’s cloud application for optimization of clean energy assets, providing insights into weather-adjusted, expected site performance. Accompanying 5-year PowerTrack subscriptions, three of AlsoEnergy’s edge solutions will now be offered through its distribution channel, including AlsoEnergy’s Power Light Commercial Solution 400, Power Light Commercial Solution 600 BASE, and Power Light Commercial Solution 600 PLUS. “For more than a decade, AlsoEnergy has consistently delivered reliable edge-to-cloud solutions to empower energy stakeholders to realize higher returns in the evolving energy market, By launching a distribution channel, we are able to serve a larger market in the U.S. and more diversified energy asset portfolios by improving access to our industry-leading solutions. As a new part of Stem, we are excited to continue to grow this channel to accelerate the clean energy transition.” -Bob Schaefer, President of AlsoEnergy. “Three years ago, the Stem Partner Program pioneered bringing energy storage to the distribution channel and established successful relationships with national and global distribution leaders, As a key post-acquisition milestone for Stem and AlsoEnergy, this new distribution channel is an important step for the companies’ business goals to create an inclusive energy economy by delivering synergistic, market-leading solutions.” -Alan Russo, Chief Revenue Officer at Stem. As a newly combined company, Stem and AlsoEnergy are uniquely positioned to meet the increasingly complex needs of the energy market as it matures, reinforcing their commitment to their partner network. Since 2019, the Stem Partner Network has yielded more than 500 active partners and more than 48GWh of active projects. About Stem Stem (NYSE: STEM) provides solutions that address the challenges of today’s dynamic energy market. By combining advanced energy storage solutions with Athena®, a world-class AI-powered analytics platform, Stem enables customers and partners to optimize energy use by automatically switching between battery power, onsite generation, and grid power. Stem’s solutions help enterprise customers benefit from a clean, adaptive energy infrastructure and achieve a wide variety of goals, including expense reduction, resilience, sustainability, environmental and corporate responsibility, and innovation. Stem also offers full support for solar partners interested in adding storage to standalone, community or commercial solar projects – both behind and in front of the meter. With the acquisition of AlsoEnergy, Stem is a leader in the solar asset management space, bringing project developers, asset owners and commercial customers an integrated solution for solar and energy storage management and optimization. About AlsoEnergy From its founding, AlsoEnergy has led the market in edge-to-cloud portfolio management solutions that make clean energy more resilient, manageable, and scalable. With the clean energy economy offering unprecedented opportunities, AlsoEnergy empowers businesses to rapidly scale and confidently optimize their clean energy portfolios with distributed assets in utility, C&I, and aggregated residential. PowerTrack, AlsoEnergy’s flagship portfolio management application for users throughout the value chain, drives insightful decisions that improve business efficiencies and financial and energy performance. Our dedicated team with deep industry expertise provides tailored solutions throughout the lifetime of clean energy assets. AlsoEnergy was recently acquired by Stem, the leader in smart energy storage.

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Spotlight

Joe Lillard of Atlas Copco discusses where Atlas is currently seeing highest project development demand, major barriers to geothermal development and what practices the industry could adopt from the oil and gas industry.

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