Westinghouse-Energoatom Contract Signals Full Diversification For Ukraine's Nuclear Fuel Supply

Westinghouse Electric Company | September 30, 2020

Today, Westinghouse Electric Company signed a contract with the National Nuclear Energy Generating Company (NNEGC Energoatom) on VVER-440 nuclear fuel for the Rivne nuclear power plant. This agreement illustrates another successful step in the continuation of the long-standing partnership between Energoatom and Westinghouse. The parties also signed a Letter of Intent on further exploring localization of fuel assembly component production in Ukraine. Atomenergomash, a subdivision of Energoatom, is currently completing qualification to manufacture VVER-1000 top and bottom nozzles for Westinghouse fuel. The signing of both documents was witnessed by Ukranian President Volodymyr Zelensky.

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ENERGY

CATL's German plant receives approval for battery cell production

CATL | April 06, 2022

At the ceremony held in CATT at the Erfurter Kreuz industrial area, Anja Siegesmund, Thuringia's Minister of Environment, Energy and Nature Conservation, and Wolfgang Tiefensee, Thuringia's Minister of Economy, handed over the permit to Matthias Zentgraf, CATL's President for Europe, allowing an initial capacity of 8 GWh per year for the plant. The construction of the plant, which is also Germany's first battery factory, is in the final stage and the installation of machines is in full swing so that the first cells can roll off the assembly lines by the end of 2022. "CATT provides a fundamental impetus for the urgently needed energy transition, and we are glad to be the first company to receive approval to manufacture batteries 'Made in Germany',At the same time, the project could be the initial spark for the emergence of a 'Battery Valley Thuringia,' as the first batch of CATL's supplier companies have settled around the area." - Zentgraf, adding that the cooperation with the authorities during the approval process worked in an exemplary manner. E-mobility in Germany is currently gaining immense momentum, and the state needs companies that are committed to taking sustainability and conservation into account right from the production stage, said Siegesmund. CATT consists of two buildings: G1, an existing building purchased from another company and where cells are assembled to modules, and G2, a newly-built plant by CATT and where cells will be produced. The approval on Monday was issued to permit cell production of G2. With clean rooms, technical cleanliness and constant humidity, the plant is almost as complex as a chip factory. Meanwhile, the plant generates part of its power from the solar power panels on the rooftop of the building in an effort to produce sustainably. CATL broke ground on its German plant in 2019, and it is scheduled to start cell production by the end of 2022, when a total of 1,500 jobs will be created in Germany. With a total investment of 1.8 billion euro, CATL plans to achieve a production capacity of 14GWh and create 2,000 jobs in Germany in the future. Located at the heart of Germany, the plant is poised to provide high-quality products and services for major carmakers in Germany, thus promoting the electric mobility and energy transformation in Europe.

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ENERGY

NFT Platform Voice Celebrates Earth Month By Going Carbon Negative

Ecologi | March 29, 2022

Voice, the NFT platform for creators, is kicking off Earth Month with a pledge to plant a tree for every NFT created on their platform during the month of April, supporting reforestation efforts that have a long-term impact on rebuilding the Earth's overall health. The pledge is part of the platform's commitment to leading the way in future-proofing Web3 and the creator economy. "Every NFT minted on Voice is already carbon neutral, so we're focused on reforestation and moving towards carbon negativity, Building a sustainable NFT ecosystem can't be done only by offsetting. We must also build a greener future." -Salah Zalatimo, CEO of Voice. The month's programming includes partnering with relevant creators and companies on an #ICreateCleanNFTs campaign, and both digital and in person events. Voice has partnered with Ecologi, a platform for real climate action. Ecologi facilitates the funding of carbon offset projects and tree planting around the world. All trees planted on behalf of the Voice community during April will be transparently viewable on the platform's virtual forest. "We are delighted that Voice has partnered with us to celebrate Earth Month, pledging to plant a tree for every NFT created on their platform in April, By pioneering the world's first eco-friendly blockchain technology, and by encouraging other platforms to take responsibility for their emissions, Voice's dedication to changing this notoriously energy-intensive industry is remarkable." -Linda Adams, Head of Partnerships, Ecologi. Voice is built using EOSIO, the world's first major environmentally friendly blockchain. EOSIO enables low carbon emission blockchain transactions by using a Delegated Proof of Stake consensus algorithm (DPoS), which does not require huge server farms to mine for a solution. In DPoS, elected block producers (BPs) take turns producing blocks, with no need to solve complex mathematical problems. Therefore, the only carbon footprint created when using DPoS is the power associated with adding blocks of transactions to the blockchain. Beyond pioneering an eco-friendly technology, Voice supports the Capricorn Ridge Wind Project, a wind generation plant in Texas. The company also partners with Google Cloud to ensure data usage is not just carbon neutral, but carbon negative. (source) The blockchain industry at large has been widely criticized for its impact on the environment. Voice calls upon fellow platforms and organizations to consider a matching commitment to carbon negativity and to pursuing eco-friendly, sustainable initiatives year-round. ABOUT VOICE Voice is an NFT platform that is carbon neutral, easy to use and multi-chain compatible. At Voice, we believe that NFT technology will change the internet by introducing verified ownership to our digital world. We're building a way for creators and communities to be rewarded for their engagement–the way it should be. ABOUT ECOLOGI Ecologi is a platform for real climate action and in 2021, the company was established as a certified B Corporation. It facilitates the funding of carbon reduction projects and tree planting around the world. Ecologi provides a simple but powerful subscription service to reverse climate change. To date, the company has planted over 38 million trees on the behalf of its subscribers and funded climate solution projects that have reduced over 1.5 million tonnes of CO2. Their mission is to reduce 50% of global CO2 emissions by 2040 and responsibly plant billions of trees every year.

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PRODUCTS

CATL Launches Its First EVOGO Battery Swap Services in Xiamen

EcoFlow | April 19, 2022

On April 18, CATL officially launched its EVOGO battery swap services in Xiamen, southeast China's Fujian Province, making it the world's first EVOGO city. The first four fast battery swap stations that have started operation are located in Siming District, Huli District and Haicang District of Xiamen. The number of fast battery swap stations in Xiamen is expected to increase to 30 by the end of this year, when drivers at any place on Xiamen Island can find one such station within a radius of 3 kilometers. The EVOGO battery swap solution will enable EV consumers to bid farewell to the inconvenience of refueling, and allows consumers with no charging parking spaces to enjoy the fun of EV driving as well. At present, the special offer for renting one Choco-SEB block is RMB 399 per month, which will be dynamically adjusted according to different level of power consumption by users. For each battery swap service at the swap station, the charge is almost the same as that of the fast charging service, and it is subject to dynamic adjustment according to different station locations and time slots. CATL's EVOGO battery swap solution will provide more EV users with access to a convenient refueling experience. Contemporary Amperex Energy Service Technology Ltd. (CAES), a wholly-owned subsidiary of CATL, has achieved comprehensive win-win cooperation with multiple partners by implementing its city partner plan. All parties involved have joined forces to cooperate in technology, resources and services to facilitate the construction of battery swap network and promote EVOGO vehicle models in Xiamen. In the future, CATL will join hands with more partners to release more EVOGO vehicle models and deliver EVOGO services in more cities. Let's go with EVOGO.

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SOLAR+STORAGE

Communications Systems to Enhance Finance and Solar Expertise of Board of Directors Following Merger with Pineapple Energy

Communications Systems | February 16, 2022

Communications Systems, Inc. highlighted steps to enhance the composition of its board of directors following the closing of the proposed merger with Pineapple Energy LLC. Following the completion of the proposed merger with Pineapple, CSI will be renamed “Pineapple Holdings, Inc.” will trade under the new Nasdaq ticker symbol “PEGY,” and will be focused on the growing home solar industry, primarily operating through its Hawaii Energy Connection and E-Gear subsidiary businesses. The CSI post-merger board of directors will be comprised of seven members, four of whom will be independent directors. To enhance the post-merger board, Pineapple and CSI have agreed on the addition of Marilyn Adler and Tom Holland to the board concurrently with the closing of the merger. Roger Lacey, CSI’s Executive Chair and Interim CEO stated, “Ms. Adler and Mr. Holland bring more than 60 years of combined experience in finance and the residential solar industry. We are excited to be adding their talents to the post-closing board and we look forward to leveraging their deep business, management and industry experience. The identification of Ms. Adler and Mr. Holland for the post-closing board is just one of the steps CSI and Pineapple have taken to position the post-closing company for success. The post-closing board and management team will implement Pineapple’s strategy to capitalize on the growing demand for consumer energy solutions by providing homeowners with an end-to-end portfolio of product offerings spanning energy secure solar, battery storage, electric vehicle connections, and managed grid services via organic growth and strategic acquisitions.” As we prepare to ‘hit the ground running’ after the proposed merger closes, the highly experienced management team and diverse board of directors post-closing will help us pursue our objective of transforming Pineapple Holdings into one of the largest rooftop solar and storage companies in the U.S.” Kyle Udseth, Co-Founder and CEO of Pineapple A special meeting of CSI shareholders has been scheduled for Wednesday, March 16, 2022, at 10:00 a.m. Central Time to vote on the proposed Pineapple merger transaction, among other things. Beginning on February 4, 2022, the notice of the special meeting and a proxy statement/prospectus was sent to CSI shareholders as of the January 27, 2022 record date. Post-Closing Board of CSI (Pineapple Holdings) Kyle Udseth, Co-Founder and Chief Executive Officer of Pineapple, who previously served in multiple executive roles at leading national residential solar companies SunRun and Sunnova. Roger Lacey, Executive Chairman of the CSI board of directors, who also served as CSI’s chief executive officer or acting chief executive officer from February 2015 through November 30, 2020 and from August 2, 2021 until the present. Mr. Lacey has served as a CSI director since 2008. Previously he served in executive positions at 3M Company, a multinational industrial and consumer products company. Scott Honour, Managing Partner of Northern Pacific Group, a Wayzata, Minnesota based private equity firm, where he has served since 2012. Northern Pacific is a significant investor in Pineapple Energy. Previously, he was a Senior Managing Director of The Gores Group, a Los Angeles based private equity firm, and before that was an investment banker at UBS Warburg and Donaldson, Lufkin & Jenrette. Marilyn Adler (independent director), founder of Mizzen Capital, a private credit fund, and has been a Managing Partner there since March 2019. Prior to launching Mizzen, Ms. Adler held senior management roles with several Small Business Investment Company funds. Prior to that, she worked in the fixed income group at Teachers Insurance and Annuity Association, a Fortune 100 financial services organization, and before that was an investment banker at Donaldson, Lufkin & Jenrette. Ms. Adler earned an MBA from The Wharton School of the University of Pennsylvania in 1991 and a BS with distinction from Cornell University in 1987. Tom Holland (independent director), Chief Operating Officer of Homebound Inc., a California-based housing company. Previously, he had two stints as a partner with management consultant Bain & Company, from 2018 to 2021 and 1989 to 2013. Holland also has significant operating experience: he was the CEO of Century Snacks, LLC, a California-based food manufacturing company, and was COO and later President of SunRun Inc., an industry leading provider of residential solar panels and home batteries. Mr. Holland holds a B.S. in Civil Engineering from the University of California, Berkeley and an M.B.A. from the Stanford Graduate School of Business. Randall Sampson (independent director), CSI director since 1999 and lead independent director since December 2018. Since 1994, Mr. Sampson has been the president, chief executive officer, and a board member of Canterbury Park Holding Corporation (Nasdaq: CPHC), which owns and operates Canterbury Park Racetrack and Card Casino in Shakopee, Minnesota. Michael Zapata (independent director), director of CSI since June 2020. Mr. Zapata has led Schmitt Industries, Inc. since December 2018. Mr. Zapata is also the founder and Managing Member of Sententia Capital Management, LLC, an investment management firm. Prior to Sententia, Mr. Zapata served nearly 10 years in the U.S. Navy. About Communications Systems, Inc. Communications Systems, Inc., has operated as an IoT intelligent edge products and services company.

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