Hitachi Energy supports huge step in Germany’s energy transition

HVDC Light® transmission system will transfer vast amounts of renewable energy for up to 5 million households and help Germany achieve its 2045 carbon neutrality goal

Zurich, Switzerland, Aug. 03, 2022 (GLOBE NEWSWIRE) — Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, today announced it has won a major order from TenneT and TransnetBW, two of Germany’s four transmission system operators, to supply a transmission solution for the SuedLink DC4 high-voltage direct current (HVDC) interconnection between the north and south of the country.

SuedLink DC4 is one of the most important power grid and energy transition projects in Germany. It will play a crucial role in Germany’s energy transition, enabling a reduction in the use of fossil fuels and helping the country achieve carbon neutrality by 2045.*1

Using Hitachi Energy’s HVDC Light® technology, SuedLink DC4 will transfer up to 2,000 megawatts of emission-free electricity, enough to power 5 million German households.*2 The link will efficiently transmit electricity for 550 kilometers underground, at ±525 kilovolts, sending wind power from the north to the industrial south, or alternatively solar power from the south to the north when needed.

“We are proud to play a crucial role in this very important investment in Germany’s transition to renewable energy and carbon neutrality,” said Niklas Persson, Managing Director of Hitachi Energy’s Grid Integration business. “HVDC Light is the enabling technology for large-scale transfers of renewable energy, both onshore and offshore.”

“SuedLink will form the backbone of the energy transition in Germany. With the award of the DC4 high-voltage direct current system to Hitachi Energy, we are now moving towards the realization of this important power link,” says Tim Meyerjürgens, Chief Operations Officer of TenneT.

Hitachi Energy will supply an HVDC Light converter station at each end of SuedLink DC4 to convert AC power from the transmitting grid to DC for delivery through the link, and back to AC for transfer to the receiving grid. The contract includes three cable section stations to speed up fault detection in the link.

As part of its long-term commitment to Germany’s energy transition, Hitachi Energy has recently won or completed orders for solutions that integrate large-scale renewables*3. These include the converter stations for the NordLink*4 HVDC interconnector between Germany and Norway, the converter stations for the connection of the 900-megawatt DolWin5 offshore wind farm in the German North Sea, the Kriegers Flak Combined Grid Solution which connects the German power grids with two offshore wind farms in the Baltic Sea and Denmark, and power quality solutions to enable more renewable energy to flow from north to south Germany.

Note to editors:

Hitachi Energy’s HVDC solution combines world-leading expertise in HVDC converter valves; the MACH™ digital control platform*5, which enables renewables integration and manages voltage and frequency disturbances in the grid; converter power transformers and high-voltage switchgear; as well as system studies, design and engineering, supply, installation supervision and commissioning.

HVDC Light® is a voltage source converter technology developed by Hitachi Energy. It is the preferred technology for many grid applications, including interconnecting countries, integrating renewables and “power-from-shore” connections to offshore production facilities. HVDC Light’s defining features include uniquely compact converter stations and exceptionally low electrical losses.

Hitachi Energy pioneered commercial HVDC technology almost 70 years ago and has delivered more than half of the world’s HVDC projects.

*1 Generationenvertrag für das Klima
*2 Suedlink – TenneT
*3 Hitachi Energy HVDC projects in Germany
*4 NordLink
*5 Modular Advanced Control for HVDC (MACH™)

HVDC website:
https://www.hitachienergy.com/offering/product-and-system/hvdc

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About Hitachi Energy
Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future. We are advancing the world’s energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 38,000 people in 90 countries and generate business volumes of approximately $10 billion USD.

About Hitachi, Ltd.
Hitachi drives Social Innovation Business, creating a sustainable society with data and technology. We will solve customers’ and society’s challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products, under the business structure of Digital Systems & Services, Green Energy & Mobility, Connective Industries and Automotive Systems. Driven by green, digital, and innovation, we aim for growth through collaboration with our customers. The company’s consolidated revenues for fiscal year 2021 (ended March 31, 2022) totaled 10,264.6 billion yen ($84,136 million USD), with 853 consolidated subsidiaries and approximately 370,000 employees worldwide. For more information on Hitachi, please visit the company’s website at https://www.hitachi.com.

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Jocelyn Chang
Hitachi Energy Ltd.
+41 79384 7775

International leading scientists issue critical guide for using microbiomes to combat the global issue of biodiversity loss

Beneficial Microorganisms

Beneficial Microorganisms benefit diverse forms of life, including a) marine life, b) corals, c) honeybees, and d) terrestrial land forms. Photo: KAUST

THUWAL, Saudi Arabia, Aug. 03, 2022 (GLOBE NEWSWIRE) — A group of leading experts have issued a critical framework for using microbiomes to protect wildlife in an ethical and efficient way.

Beneficial Microbes for Marine Organisms (BMMO), an international network of collaborators with expertise in crosscutting areas of probiotic research, have published a paper in Nature Microbiology, Harnessing the microbiome to prevent global biodiversity loss, that provides a science-based framework to accelerate the responsible research and development of microbiome solutions.

Dr. Raquel Peixoto, founder and co-chair of BMMO, and associate professor of marine science at KAUST, said, “Key ecosystems, which host many forms of life, are at the brink of ecological collapse, driving enormous biodiversity losses and mass extinctions, and disrupting ecosystems central to supporting livelihoods.”

Contributing authors include professors Gabriele Berg of The Graz University of Technology; Christian Voolstra of the University of Konstanz; Ute Hentschel of GEOMAR; Rodrigo Costa of the University of Lisbon; Carlos Duarte of KAUST; and ethicist Jeantine Lunsh of Harvard, among other distinguished academics.

A guide to accelerate the use of macrobiotics to restore coral

The scientists examine the use of probiotics to “reboot” healthy microbiomes and protect key, and sensitive, symbiotic relationships between hosts and their associated microbes. Probiotics are now conventionally applied in agroecosystems, showing that successful applications in open environments are possible with controlled risks.

The team propose a science-based framework, outlining a path from laboratory bench to pilot and large-scale applications of microbiomes, to save threatened ecosystems.

“We as a network of leading scientists are concerned that the technological development of an urgently-needed tool may be delayed by unclear and undefined risk assessment steps,” said KAUST Distinguished Professor of Marine Science Carlos Duarte, who serves as executive director of the Coral Research & Development Accelerator Platform (CORDAP).

Lionfish

Lionfish of the genus Pterois is among the many forms of marine life that depend on healthy coral ecosystems. Photo courtesy Morgan Bennett Smith / KAUST

“In addition, no ethical discussions are available to provide guidelines and rules to accelerate the transition from devising to applying environmental probiotics in a practical and safe way. Therefore, we are highlighting the path from concept to real-world solutions, addressing ethical considerations, as well as risks against benefits.”

The paper serves to address this gap. The framework also considers the risk of inaction, and can be adapted to other urgent scientific developments.

Marine scientist Dr. Raquel Peixoto

Marine scientist Dr. Raquel Peixoto uses probiotics to boost the recovery of threatened coral ecosystems, shown here at the world’s first Coral Probiotics Village, located in the Red Sea near King Abdullah University of Science and Technology. Photo courtesy Morgan Bennett Smith / KAUST

“Our framework provides a pragmatic regulatory wildlife-adapted tool to guide scientists and stakeholders through the fight against biodiversity loss,” Peixoto said.   “It takes into consideration potential side effects of its application, while also considering the high toll of inaction.”

Additional context:

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/00597509-4bef-4735-ab8b-40f55417a96b

https://www.globenewswire.com/NewsRoom/AttachmentNg/30e36740-28d6-40bc-9a9a-cfc9ea0c4531

https://www.globenewswire.com/NewsRoom/AttachmentNg/cf556ef1-0d59-4c8a-959a-3c6aad7a5481

ROSEN, NATIONAL TRIAL LAWYERS, Encourages Cavco Industries, Inc. Investors with Losses to Inquire About Securities Class Action Investigation – CVCO

NEW YORK, Aug. 02, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of Cavco Industries, Inc. (NASDAQ: CVCO) resulting from allegations that Cavco may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Cavco securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=7555 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

WHAT IS THIS ABOUT: On November 8, 2018, Cavco revealed in an SEC filing that it had “received a subpoena from the SEC’s Division of Enforcement requesting certain documents relating to, among other items, trading in the stock of another public company.” On this news, Cavco share price fell $49.48 per share, or over 23%, to close at $165.20 per share on November 9, 2018.

On February 4, 2019, Cavco revealed that it had received requests for additional documents. Cavco further disclosed that it spent, and expected to spend, millions of dollars on legal and insurance expenses in relation to the SEC’s subpoenas and Cavco’s independent investigation into the matter. On this news, Cavco’s share price fell $26.92 per share, or about 16.7%, to close at $134.37 per share on February 5, 2019.

On September 2, 2021, the SEC filed a complaint against Cavco, former CEO Joseph Stegmayer, and former CFO and Chief Compliance Officer Daniel Urness. The SEC complaint alleged that Stegmayer and Urness caused Cavco to purchase shares of publicly traded companies on material non-public information. On this news, Cavco’s share price fell $6.59 per share, or about 2.5%, to close at $252.48 per share on September 3, 2021.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

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Funeral prayers of Quetta helicopter crash martyrs offered: ISPR

Namaz -e- Janaza of Lieutenant General Sarfraz Ali Shaheed, Major General Amjad Hanif Shaheed and Brigadier Muhammad Khalid Shaheed was offered at Army graveyard Rawalpindi on Wednesday.

According to Inter-Services Public Relations (ISPR), Prime Minister Shehbaz Sharif, Chairman Senate Muhammad Sadiq Sanjrani, Federal Ministers, PM AJK, Foreign dignitaries and a large number of senior serving and retired military and civil officials and relatives of Shuhahda attended Namaze Janaza.

Pakistan army military contingent presented guard of honour.

COAS Presented National Flag to the relatives of Shuhada. Jasd e Khaki of Shaheeds buried with full military honour at Army Graveyard.

Source: Radio Pakistan

Govt committed to provide maximum relief to masses, NA informed

The National Assembly was informed on Wednesday that measures are being taken by the government to tackle the issue of price hike.

Parliamentary Secretary for Finance Rana Ishaq Khan told the house whilst responding to a calling attention notice that the rupee has witnessed appreciation over the last two days. He said fifteen percent raise has been given to the employees in the budget whilst low income groups are also being provided assistance through Benazir Income Support Program. He said the PTI government destroyed the economy in its four year tenure but we are committed to again put it on the path of development.

Alluding to the devastation caused by floods in the country, the Parliamentary Secretary said the government has announced compensation for the affected families.

Responding to a calling attention notice moved by Maulana Abdul Akbar Chitrali and others, Parliamentary Secretary for Power Rana Iradat said the present government has reduced the circular debt which was doubled by the PTI government in its four year tenure.

Taking the floor, Minister for Defense Khawaja Asif said it is our responsibility to protect the supremacy of the parliament which is enshrined in the constitution.

He regretted that certain foreign funded elements compromise the supremacy of the parliament and violate the constitution.

He stressed for making the house’s committees more effective.

The National Assembly on Wednesday passed the National Accountability (Second Amendment) Bill, 2022.

It was moved by Minister of State for Law and Justice Shahadat Awan.

The bill is aimed at excluding private transactions from the scope of National Accountability. Under the amendments, the pecuniary jurisdiction of the NAB has been fixed to take only action against mega scandals. Further, it has been proposed that supplementary references can only be filed with the permission of the court to expedite the proceedings of the court within one year.

As per the bill, the investigation officers shall not harass any person at the time of investigation or inquiry and they will confine their question relevant to the investigation or inquiry or for extracting evidence.

Under the bill, the accused must be informed whether he has been summoned in the capacity of accused or witness and information be given to him to enable him to give his evidence. Section 25 is related to protect the interest of the Government that in case persons entering into plea bargain fail to make payment, pursuant to the payment approved by the court, the plea bargain agreement will become infructuous.

The House also passed the Publication of Laws of Pakistan Amendment Bill, 2022.

The house has been adjourned to meet again on the tenth of this month.

Source: Radio Pakistan

Planning Minister underlines need of adopting market- driven approach

Minister for Planning Development and Special Initiatives Ahsan Iqbal says time has come to adopt market- driven approach keeping in view the global trends.

In this regard, a detailed briefing was given to the Minister in Islamabad on Wednesday.

The Minister directed the stakeholders to step up the export with China from current trade of three billion to 30-40 billion dollars.

He further stated that the Ministry of Commerce should align with other departments to devise a strategy on increasing trade with China.

Meanwhile, the Minister also reviewed the projects of the Ministry of Planning Development and Special Initiatives under Public Sector Development Programme.

Source: Radio Pakistan

Pakistan, Japan agree to enhance trade, investment relations

Pakistan and Japan have agreed to further enhancing bilateral trade and investment relations and close cooperation on regional and international issues of mutual interest.

An understanding to this effect came during a meeting between Foreign Secretary Sohail Mahmood and Japanese Parliamentary Vice Minister for Foreign Affairs, Honda Taro, in Islamabad on Wednesday.

During the meeting, all aspects of bilateral relations were discussed, including political, economic, cultural and regional connectivity with particular emphasis on trade, investment, and people-to-people contacts.

The Foreign Secretary stressed that Pakistan and Japan enjoyed longstanding ties marked by cordiality and a mutual desire to expand cooperation in all fields. He noted that the 70th anniversary of Pakistan-Japan diplomatic relations this year was an important milestone.

Sharing Pakistan’s perspective on the situation in Afghanistan, the Foreign Secretary said that practical cooperation between the Interim authorities and the international community was in the interest of regional peace and stability.

He also stressed that the international community needed to scale up assistance for the Afghan people to help address the twin challenges of a dire humanitarian situation and economic sustainability of Afghanistan.

The Foreign Secretary updated the Japanese side on the negative consequences of India’s illegal and unilateral actions of 5 August 2019, the continuing serious human rights and humanitarian situation in Indian Illegally Occupied Jammu and Kashmir (IIOJK), and the importance of the world community playing its role in facilitating a peaceful resolution of the Jammu and Kashmir dispute.

The Parliamentary Vice Minister emphasized the importance of closer cooperation between Japan and Pakistan.

Source: Radio Pakistan

UN announces a two-month extension in ceasefire in civil war in Yemen

The United Nations has announced a two-month extension in the ceasefire in civil war in Yemen. In a press release, UN Special Envoy for Yemen Hans Grundberg said that the parties to the Yemeni conflict have agreed to extend the UN-mediated truce, for an additional two months, from August until October 2022, under the same terms.

He said that this truce extension includes a commitment from the parties to intensify negotiations to reach an expanded truce agreement as soon as possible.

Source: Radio Pakistan