Solar and Wind Power Wealth Does Not Reach Consumers in Chile

At the San Felipe School, in Coyhaique, Chile, the solar panels of a 30 kW plant will be installed which will be inaugurated in the first week of December

At the San Felipe School, in Coyhaique, Chile, the solar panels of a 30 kW plant will be installed which will be inaugurated in the first week of December

By Orlando Milesi
SANTIAGO, Nov 20 2024 – Chile, a country rich in solar and wind energy and with huge photovoltaic power stations  and wind turbines in its elongated territory, managed to change its grid by incorporating renewable energies, which account for an installed capacity equivalent to 43.8 % of its electricity production.

However, it is woefully lacking in distributed generation projects, also known as decentralised generation, which are small scale, mostly dedicated to self-consumption and involving organised communities. This is so even though these initiatives would introduce the population to the advantages of clean energy.

Distributed generation would allow such a shift, but is currently in its infancy in this South American country of 19.8 million people. It lacks adequate legal impetus, access to financing and suffers from a cultural deficit among a population that knows little about it.“We are used to a centralised system and although there has been fossil energy replacement by renewable energy, it is still a large-scale, centralised model with negative impacts”: Cristian Mires.

Successful projects belong to mega-companies that have installed parks and wind turbines in the northern Atacama Desert and in southern Patagonia, between the Andes and the Pacific Ocean, selling their generation to the National Electricity System (SEN).

This profitable business does not benefit Chilean consumers who are suffering a huge tariff increase that will reach up to 60% in 2025. It is a gradual increase that began to be charged in July and will culminate next January after five years of tariff freezes due to the covid pandemic.

Thus, the impact of distributed generation with its panels on the roofs of homes, schools and community or municipal buildings is small.

The leftist government of Gabriel Boric sought to promote this citizen energy and reach the goal of 500 megawatts (MW) of installed capacity by the end of his term, in March 2026.

However, 17 months away from reaching that goal, distributed generation is minimal and only 0.1% corresponds to joint generation, as distributed generation is also known, according to the state-run National Energy Commission.

The Ministry of Energy told IPS that as of November 2024, the total installed capacity of distributed generation projects for self-consumption reached only 290 MW.

“Statistics show an upward trend in this type of project. Several initiatives promoted by the Ministry of Energy seek to encourage the development of this segment, such as the Public Solar Roofs 2.0 programme, which is being implemented and aims to install photovoltaic projects in public institutions,” said the institution that directs the country’s energy policy.

In 2015-2019, this programme installed photovoltaic systems on 136 buildings in 13 regions of Chile for a total of 5.3 megawatt peak (MWp). A technical office was then created to support public institutions in their feasibility analyses of solar energy plans.

Chile has decided, as part of its international climate commitments to reduce its greenhouse gas emissions, that its non-conventional renewable energies will contribute 80% of electricity generation by 2030 and 100% by 2050, when it will reach net zero emissions.

Solar panels installed in the roof of the Industrial Secondary School of Valdivia, a city 850 kilometers south of Santiago. Credit: Courtesy of Sofía Alarcón

Solar panels installed in the roof of the Industrial Secondary School of Valdivia, a city 850 kilometers south of Santiago. Credit: Courtesy of Sofía Alarcón

Barriers in Chile

Cristián Mires, lawyer and president of the NGO Energía Colectiva, says there are a number of barriers to developing jointly owned distributive energy.

“These projects are not cheap. Technical, legal and financial advice is required. A share is equivalent to at least US$530 per user. And if we want bigger savings, we are talking about up to US$2,100. And the majority of the population can’t afford that cost,” he told IPS.

There is no public or private funding for decentralised generation facilities, he claims.

This slows down the implementation of the 2014 Law on Distributed Generation for Self-consumption, which allows households, schools and businesses to self-supply their electricity use through their own generation and inject the surplus into the SEN. In practice, such generation has very restrictive rules for joint ownership.

“It needs to be modified, and as the Citizens‘ Energy Action Group we are participating in technical roundtables with the government and parliament to that end,” Mires said.

“We are used to a centralised system and although there has been fossil energy replacement by renewable energy, it is still a large-scale, centralised model with negative impacts,” he added.

In August, Energía Colectiva, based in Chile and present in other Latin American countries, launched the document Citizen energy in Chile, proposals for its promotion and implementation, where it claims there is potential to reach eight gigawatts (GW) of such citizen generation by 2040.

According to the document, Chile needs “a transition that conceives energy as a right, democratising its production and distribution. A transition focused on satisfying human needs, but which nevertheless understands the pressing need to reduce energy use. Such a transition can only be driven by citizens”.

Arrayán Wind Park, one of the 10 largest in Chile, located in the northern municipality of Ovalle. Credit: Ministry of Energy

Arrayán Wind Park, one of the 10 largest in Chile, located in the northern municipality of Ovalle. Credit: Ministry of Energy

Energy Communities, a key

So-called Energy Communities seek to encourage the participation of new groups in the production, management, use and marketing of energy.

They aim for a decentralised, local energy model with less environmental impact.

These communities seek to organise citizens to generate and manage their own energy, whether for social, economic and/or environmental purposes.

“These communities are considered a fundamental tool for carrying out just energy transitions, where people play a central role in the transformation towards more equitable systems of energy generation and use”, according to the specialised magazine Energía y Equidad.

Based on the use of renewable energy, the Communities offer access to affordable, clean and secure energy; enabling an active participation in response to the climate and ecological crisis by reducing greenhouse gas emissions.

In short, these Communities aim to promote local energy autonomy, strengthen social cohesion, reduce greenhouse gas emissions and decontaminate the local environment.

The 2014 law and its regulation five years later set standards for joint generation and joint ownership.

The Nueva Zelanda school in the municipality of Independencia, in the northern part of the capital, and Coopeumo, a farmers’ cooperative in the O Higgins region, bordering the Santiago metropolitan region, are community projects developed by municipalities and with citizen participation.

Both are connected to a grid into which they inject the energy generated and then receive discounts on their electricity bills.

Jorge Nauto, principal of the Industrial Secondary School of Valdivia, a city 850 kilometres south of Santiago, praised the experience of installing photovoltaic panels on the roof of his school.

“It is a 70 kilowatt peak (kWp) system determined according to the available surface area and the building’s annual consumption. It allows generating power for the premises and the injection of surpluses into the conventional electricity grid through the use of the Distributed Generation Act,” he told IPS from his location.

“Thanks to this generation, we achieved a significant reduction in electricity bills,” Nauto said, before emphasising the value, also educational, of using clean, renewable energy.

New business model

Antu Energía is a company based in Coyhaique, in the southern region of Aysén, which implements a new business model with photovoltaic energy.

It allows remote discounts, which means that a person can own or participate in a photovoltaic plant that injects energy in one place and discount that value in another place from the same distribution company.

We are calling for small companies or individuals to participate in Virtual Solar Panels by acquiring a minimum unit equivalent to generating 500 watts,” Manuel Matta, founding partner of Antu Energía, told IPS from Coyhaique.

The model lowers the investment to US$737 per kilowatt (kW) installed and compares favourably with a similar individually driven project that costs US$2,632 per kW.

This electrical engineer has already sold 28 of 60 minimum units of participation in the 30 kW plant installed on the roofs of the San Felipe high school in Coyhaique’s Plaza de Armas.

Daniela Zamorano, project coordinator for Energía Colectiva, told IPS from Joao Pessoa, in the northern Brazilian state of Paraíba, where she lives, that Chile lacks the political will to promote jointly-owned distributed generation.

“We are seeing problems today with rising rates, and the solutions proposed by the government always come from the logic of subsidising consumption. This is a snowball that reaches gigantic public spending amounts. But they do not visualise options for a long-term solution such as distributed generation,” she said.

Dazzling Wildlife Portraits at COP29: A Conversation with Photographer Brad Wilson

Brad Wilson is an American photographer specializing in classical portraits of animals. Credit: Umar Manzoor Shah/IPS

Brad Wilson is an American photographer specializing in classical portraits of animals. Credit: Umar Manzoor Shah/IPS

By Umar Manzoor Shah
BAKU, Nov 20 2024 (IPS)

As delegates at COP29 stroll through the venue in Baku, Azerbaijan, many pause to marvel at the stunning portraits of animals and birds adorning the pavilion walls. These 16 captivating images, showcasing Azerbaijan’s rich biodiversity, are more than just art—they’re a call to action.

Visitors, from diplomats to environmental activists, can often be seen snapping selfies with these majestic portraits, drawn to their lifelike intensity. Behind this collection is Brad Wilson, an American photographer whose mission is to “bridge the gap between humans and the natural world.” 

Wilson spoke to the IPS on his artistic journey and the philosophy underpinning his work.

“My name is Brad Wilson,” he begins. “I’m an American photographer specializing in classical portraits of animals.”

Classical portraits—usually a domain of human subjects—take on a unique depth when applied to animals.

“I aim to elevate animals to a higher level, presenting them as equals to humans—different but equal. Looking into their eyes through these photographs should invoke a sense of responsibility for their lives because we all share the same planet.”

For Wilson, animals represent a poignant connection to the natural world. “They are our closest relatives living in the wild,” he says. “They serve as a bridge, reminding us of our roots in nature.”

Brad Wilson photographic portraits were commissioned for the Haydar Aliyev Centre in Baku and are on display at the COP29 venue. Credit: Umar Manzoor Shah/IPS

Brad Wilson photographic portraits were commissioned for the Haydar Aliyev Centre in Baku and are on display at the COP29 venue. Credit: Umar Manzoor Shah/IPS

Process: A Dance of Patience and Precision

Creating these portraits is no simple task. Wilson describes the meticulous setup required for his work.

“All the portraits are done in a studio. I set up the studio close to where the animals live—often in sanctuaries or ranches. Then we bring them in for two or three hours,” he says. But those hours yield just fleeting moments of magic.

“I’m lucky if I get two or three good seconds with each animal. But that’s all I need—a single moment of connection that resonates.”

“My photo shoots are like meditations amidst organized chaos,” he says. Amid bustling activity, Wilson remains quiet and still, waiting for the animal to relax. “What I aim to capture is something uncommon—a glimpse of the animal’s soul, if you will. That’s what I hope viewers experience—a moment of connection.”

“I want people to understand that we are part of this planet’s biodiversity. We’re not separate from these creatures. It’s only been about 12,000 years—since the advent of farming and permanent settlements—that we began seeing ourselves as separate from the natural world. That’s a mistake. These animals remind us of our place in the web of life.”

“When we talk about climate action, it’s not just about saving the earth—it’s about saving humanity and the animals that share this planet with us. The earth will endure, but we might not.”

Behind the Scenes at COP29

Wilson’s collection at COP29 was commissioned by the Haydar Aliyev Centre in Baku.

“They brought me here in August to photograph animals in Baku and Shamaki,” he says. The project celebrates Azerbaijan’s biodiversity, showcasing species native to the region while promoting conservation awareness.

The portraits have been a hit among COP29 attendees, sparking conversations about the intersection of art, biodiversity, and climate action. Wilson hopes the images inspire policymakers and the public alike to take meaningful action.

“Climate change is already a massive problem, and it’s only going to worsen. We need to get serious about tackling it.”

Advice for Aspiring Photographers

For those inspired to follow in Wilson’s footsteps, he offers this advice: “Start with humans. I spent 15 years photographing people in New York City before transitioning to animals. That experience taught me about connection and emotion—skills that translate well to wildlife photography.”

IPS UN Bureau Report

 


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Embedding Education into Climate Finance Will Deliver Desired Learning, Climate Action Outcomes

Adenike Oladosu, ECW’s Climate Champion from Nigeria, during an interview with IPS at COP29. Credit: Joyce Chimbi/IPS

Adenike Oladosu, ECW’s Climate Champion from Nigeria, during an interview with IPS at COP29. Credit: Joyce Chimbi/IPS

By Joyce Chimbi
BAKU, Nov 20 2024 – Education is under threat as multiple crises push children out of school and into harms way. COP29 Baku could break historical barriers that hold back education from playing a unique, critical role to accelerate the ambition of nationally determined contributions (NDCs) to the Paris Agreement, protecting people and planet from life-threatening risks of climate change.

“Together with our partners, we have launched a pilot program in Somalia and Afghanistan, working with communities to identify early action activities or anticipatory action to act against the impacts of climate and minimize its disruption on children’s lives and education in those countries,” says Dianah Nelson, Chief of Education, Education Cannot Wait (ECW), the global fund for education in emergencies and protracted crises within the United Nations. 

Towards embedding education into the climate finance debate, ECW held a series of COP29 side events on such issues as unlocking the potential of anticipatory action through multi-stakeholder collaboration; meeting the challenge of conflict, climate and education; climate change-resilient education systems in the most vulnerable nations; and protecting children’s futures: why loss and damage must prioritise education in emergencies.

Panel discussions brought together a wide range of public and private partners, policymakers, and data experts to highlight the benefits of acting ahead of predicted climate shocks to protect education. “The climate crisis is an education crisis, and education cannot wait. We, therefore, need to center climate action on education and build climate-smart school technology. And most importantly, we need anticipatory action to reduce or eradicate the impact of climate shocks on children. Everyone has a contribution to make, and every child has a dream. Uninterrupted access to education makes their dream a reality. We need to safeguard or protect our schools from being vulnerable, or being attacked in conflict, or even being washed away by flood,” Adenike Oladosu, ECW’s Climate Champion and Nigerian climate justice advocate, told IPS.

A member of the audience during one of the sessions hosted by ECW. The sessions highlighted the need to ensure there is funding for education for those on the frontlines of the climate crisis, armed conflict and other emergencies. Credit: ECW

A member of the audience during one of the sessions hosted by ECW. The sessions highlighted the need to ensure there is funding for education for those on the frontlines of the climate crisis, armed conflict and other emergencies. Credit: ECW

These climatic impacts are already being felt in Pakistan. Zulekha, advisor/program manager of the Gender and Child Cell NDMA Pakistan, spoke about how the country has suffered “severe impacts from extreme weather. More than 24,000 schools were damaged in the 2022 floods, and nearly 3.5 million children were displaced and their educations put at risk. We were still reeling from the effects of the floods in 2023 when we started to launch the refresher of the Pakistan School Safety Framework.”

Oladosu spoke about the multiple, complex challenges confronting Nigeria and that anticipatory action “means bringing in the tools, through climate financing, to reduce the loss and damage. Anticipatory action addresses complex humanitarian crises in a proactive rather than reactive way to reduce the impact of a shock before its most severe effects are felt.”

She stressed that anticipatory actions are critical to avoid “losses that are simply irreplaceable, such as the number of days children spend out of school due to climate events, those left behind the education system, or even those who fall out of the system and into child marriages and militia groups.”

Education must reach every child impacted by a climate crisis they did not make. Credit: UNICEF

Education must reach every child impacted by a climate crisis they did not make. Credit: UNICEF

Lisa Doughten, Director, Financing and Partnership Division at OCHA, stated that in humanitarian crises, climate change “is significantly disrupting the overall access to education as schools temporarily shut down due to extreme climate events causing significant learning disruptions for millions of students. We have countries in conflict and fragile settings, and the climate crisis creates extremely difficult circumstances for, especially children and women.”

Doughten spoke about the need to leverage data to get ahead of predictable climate disasters and how OCHA works with various partners, including meteorological organizations, to monitor and use climate data. Using models that entail pre-planned programs, pre-determined triggers for weather events such as floods and storms, and pre-financing to ensure that funds are disbursed with speed towards anticipatory actions.

At COP29, ECW reiterated the power of education to unite communities, build consensus, and transform entire societies. In the classroom of the future, children will acquire the green skills they need to thrive in the new economy of the 21st century, and communities will come together to share early warnings and act in advance of climate hazards such as droughts and floods.

Graham Lang Deputy Director at ECW at one of the sessions hosted by the Global Fund aimed at ensuring those on the frontlines of the climate crisis, armed conflict and other emergencies are central to climate education action, decisions and commitments. Credit: ECW

Graham Lang, Deputy Director at ECW, at one of the sessions hosted by the Global Fund aimed at ensuring those on the frontlines of the climate crisis, armed conflict and other emergencies are central to climate education action, decisions and commitments. Credit: ECW

Stressing that in this classroom of the future, “an entire generation of future leaders can build the will and commitment to break down the status quo and create true lasting solutions to this unprecedented and truly terrifying crisis. Unfortunately, multilateral climate finance has not prioritized the education sector to date, meaning a tiny proportion, at most 0.03 percent, of all climate finance is spent on education. While children have the most to offer in building long-term solutions to the crisis, they also have the most to lose.”

ECW says the connection between climate action and education is also noticeably underrepresented in NDCs, or national commitments to adapt to and mitigate the impacts of climate change. Only half of all NDCs are child and youth sensitive, and this is an urgent situation for, in 2022 alone, over 400 million children experienced school closures as the result of extreme weather.

According to the Global Fund, “on the frontlines of the world’s worst humanitarian crises, these disruptions will often push children out of the education system forever. In places like Chad, Nigeria, and Sudan, where millions of children are already out of school, it could impact the future of an entire generation. ECW’s disaster-resilient classrooms, for instance, boosted enrolment rates in Chad.”

Amid Chad’s multidimensional challenges compounded by climate change, climate-resilient classrooms whose construction was funded by ECW and completed in March 2022 meant that classrooms were more durable and accessible for children and adolescents with disabilities. These classrooms withstood the heaviest rainy season in 30 years, triggering widespread flooding. Committing needed finances and acting with speed and urgency means bringing solutions within reach.

Accordingly, ECW says a key step is increasing access to the main climate funds—including the Global Environment Facility and Green Climate Fund—and activating new innovative financing modalities to deliver with speed, depth, and impact, and that the funding needs to be faster, transparent, and fully coordinated across both humanitarian and development sectors.

Looking forward to COP30 in Brazil, ECW stressed that education must play an integral role in the new Loss and Damage Fund. Education losses caused by climate change take unprecedented tolls on societies, especially in countries impacted by conflicts, displacement, and other pressing humanitarian emergencies.

Further emphasizing that the “loss and damage connected with years of lost learning may seem hard to quantify. But we know that for every USD 1 invested in a girl’s education, we see USD 2.80 in return. And we know that education isn’t just a privilege; it’s a human right. Finally, we need to ensure the New Collective Quantified Goal on climate finance includes a firm commitment to educating all the world’s children. Not just the easy-to-reach, but the ones that are the most vulnerable, the millions whose lives are being ripped apart by a crisis not of their own making.”

IPS UN Bureau Report

 


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ROSEN, A RANKED AND LEADING LAW FIRM, Encourages Elanco Animal Health Incorporated Investors to Secure Counsel Before Important Deadline in Securities Class Action – ELAN

NEW YORK, Nov. 19, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Elanco Animal Health Incorporated (NYSE: ELAN) between November 7, 2023 and June 26, 2024, both dates inclusive (the “Class Period”), of the important December 6, 2024 lead plaintiff deadline.

SO WHAT: If you purchased Elanco securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Elanco class action, go to https://rosenlegal.com/submit–form/?case_id=29600 or call Phillip Kim, Esq. at 866–767–3653 or email [email protected] for more information. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 6, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: Some law firms issuing releases about this matter do not actually litigate securities class actions. Rosen Law Firm does. Rosen Law Firm is a recognized leader in shareholder rights litigation, dedicated to helping shareholders recover losses, improving corporate governance structures, and holding company executives accountable for their wrongdoing. Since its inception, Rosen Law Firm has obtained over $1 billion for shareholders.

DETAILS OF THE CASE: According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Zenrelia, a once–daily oral Janus kinase (“JAK”) inhibitor for canine dermatology, was less safe than Elanco had led investors to believe; (2) Elanco was unlikely to meet its own previously issued timeline for the U.S. approval and commercial launch of both Zenrelia and Credelio Quattro, a broad spectrum parasiticide product for dogs; (3) accordingly, Elanco’s business and/or financial prospects were overstated; and (4) as a result, Elanco’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Elanco class action, go to https://rosenlegal.com/submit–form/?case_id=29600 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

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:

        Laurence Rosen, Esq.
        Phillip Kim, Esq.
        The Rosen Law Firm, P.A.
        275 Madison Avenue, 40th Floor
        New York, NY 10016
        Tel: (212) 686–1060
        Toll Free: (866) 767–3653
        Fax: (212) 202–3827
        [email protected]
        www.rosenlegal.com


GLOBENEWSWIRE (Distribution ID 9276722)

LLAP DEADLINE: ROSEN, LEADING INVESTOR COUNSEL, Encourages Terran Orbital Corporation Investors to Secure Counsel Before Important November 26 Deadline in Securities Class Action – LLAP

NEW YORK, Nov. 19, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Terran Orbital Corporation (NYSE: LLAP) between August 15, 2023 and August 14, 2024, both dates inclusive (the “Class Period”), of the important November 26, 2024 lead plaintiff deadline.

SO WHAT: If you purchased Terran securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Terran class action, go to https://rosenlegal.com/submit–form/?case_id=29314 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 26, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: Some law firms issuing releases about this matter do not actually litigate securities class actions. Rosen Law Firm does. Rosen Law Firm is a recognized leader in shareholder rights litigation, dedicated to helping shareholders recover losses, improving corporate governance structures, and holding company executives accountable for their wrongdoing. Since its inception, Rosen Law Firm has obtained over $1 billion for shareholders.

DETAILS OF THE CASE: According to the lawsuit, during the Class Period, defendants made materially false and misleading statements and/or failed to disclose to investors that:  (1) it would take much longer than defendants had represented to investors and analysts for Terran to convert its contracts with its customers (collectively, “Customer Contracts”) into revenue and free cash flow; (2) Terran did not have adequate liquidity to operate its business while waiting for the Customer Contracts to generate revenue and free cash flow; (3) Terran had concealed the true scope and severity of its dire financial situation; and (4) as a result of the foregoing, Terran’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Terran class action, go to https://rosenlegal.com/submit–form/?case_id=29314 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the–rosen–law–firm or 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:

        Laurence Rosen, Esq.
        Phillip Kim, Esq.
        The Rosen Law Firm, P.A.
        275 Madison Avenue, 40th Floor
        New York, NY 10016
        Tel: (212) 686–1060
        Toll Free: (866) 767–3653
        Fax: (212) 202–3827
        [email protected]
        www.rosenlegal.com


GLOBENEWSWIRE (Distribution ID 9276607)

Asahi Group Launches Global Sustainability Initiative: The Challenge Calls for Startups and Scaleups to Drive Net-Zero Innovations

TOKYO, Nov. 19, 2024 (GLOBE NEWSWIRE) — Asahi Group Holdings, Ltd. announces the launch of the Sustainability Growth Platform, kicking off with The Challenge (Environment)—a global call for startups and scaleups to advance groundbreaking environmental solutions. This initiative aligns with Asahi's goal of achieving net zero across its value chain by 2040.

“Asahi is committed to sustainability, and The Challenge reflects our dedication to forging partnerships that drive impactful change,” said Drahomira Mandikova, Chief Sustainability Officer at Asahi Group Holdings. “By working with innovative startups, we aim to accelerate progress toward a more sustainable future.”

In collaboration with Antler Ibex, the corporate innovation arm of the globally recognized venture capital firm Antler, Asahi will leverage industry expertise and Antler's vast network to advance innovative sustainability solutions. “Together with Antler Ibex, we're ready to support bold ideas that bring us closer to our net–zero goal,” added Mandikova.

The Challenge (Environment) invites startups and scaleups worldwide to tackle key sustainability themes, including:

  • Sustainable Agriculture & Raw Materials
  • Renewable Energy & Efficiency
  • Sustainable Packaging & Circular Economy
  • Water Conservation & Efficiency
  • Sustainable Transportation
  • Sustainable Product Design & Market Models
  • New Impact Business Models

Nathan Jackson, of Circular Ventures at Asahi Beverages, highlighted the importance of venture collaboration: “I’m continually inspired by the level of innovation coming from startups and venture capital firms in the sustainability space. The Challenge allows us to bring the best ideas into Asahi, supporting our sustainability journey while helping startups scale their solutions. Together, we can create meaningful impact.”

Selected participants will have the opportunity to:

  • Build strategic relationships with Asahi and its network of venture capital firms and industry leaders
  • Access Asahi’s proprietary ecosystem of expertise, data, and specialized tools
  • Develop potential commercial partnerships to drive sustainable innovation

Baz Saidieh, Global Partner at Antler, echoed the initiative's spirit: “Solving the world’s biggest challenges requires collaboration and bold thinking. We’re thrilled to support Asahi on their net–zero journey through our innovation platform, Ibex. The startup and scaleup ecosystem is not just an opportunity—it’s a critical foundation for success. Great things are never built by individuals alone; they are built by teams that push the boundaries together.”

Apply to The Challenge (Environment) here: https://bit.ly/AGH–The–Challenge–Application

Application Deadline: 00:01 GMT, Friday, November 29, 2024

About Asahi Group Holdings

Asahi Group Holdings, Ltd. is a global leader offering a diverse collection of brands centered on beer, alcohol and non–alcohol beverages, and food. Our mission is to deliver on our great taste promise and bring more fun to life. Established in Japan in 1889, the Group has always been committed to innovation and quality. This dedication has brought together iconic brands and the expertise of renowned breweries from around the world, including those with a rich heritage spanning over centuries. Our approach has culminated in a globally recognized portfolio of brands that includes premium beers such as Asahi Super Dry, Peroni Nastro Azzurro, Kozel, Pilsner Urquell, and Grolsch. “Make the world shine” articulates Asahi Group’s commitment to build connections among people, thereby paving the way for a sustainable future together. Through these connections, we can contribute to a brighter world, both today and in the future. With a global presence primarily in Japan, Europe, Oceania, and Southeast Asia, we provide over 10 billion liters of beverages to consumers worldwide and generate revenues of over JPY 2.7 trillion annually. Headquartered in Japan, Asahi Group Holdings is listed on the Tokyo Stock Exchange (Prime Market: 2502.T).

Contact

Nathan Jackson, Circular Ventures, Asahi Beverages Pty. Ltd.
[email protected]

About Antler Ibex
Ibex, the corporate innovation arm of Antler, is designed as a sector–specific innovation and investment platform. It aims to assist corporations in transforming their approach to technological development by fostering collaborations with startups. Through Ibex, corporates can better navigate the complexities of growth, ensuring that their partnerships with startups lead to measurable and impactful outcomes.

Antler is one of the most active early–stage investors globally. The firm leads in ‘Day Zero’ investing, an approach to venture capital focused on partnering with founders pre–launch. Antler systematically removes capital and network constraints for early–stage technology entrepreneurs by providing co–founder matching, deep business model validation, initial capital, expansion support, and follow–on funding. Antler is present in 27 cities across most leading technology ecosystems globally and has made over 1,300 investments into early–stage startups, with the goal of backing more than 6,000 by 2030. For further information about Ibex please see here.

Contact
Rike Döpp Bergérus, VP of Global Communications
[email protected]

Photos accompanying this announcement is available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/ecc68a3f–7935–4e4a–938d–24bf3bc3d2e6
https://www.globenewswire.com/NewsRoom/AttachmentNg/c59cfa32–2cbf–440f–804b–de2ff98a9329


GLOBENEWSWIRE (Distribution ID 1001014146)

MGX DEADLINE: ROSEN, NATIONAL TRIAL LAWYERS, Encourages Metagenomi, Inc. Investors to Secure Counsel Before Important November 25 Deadline in Securities Class Action – MGX

NEW YORK, Nov. 19, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of stock of Metagenomi, Inc. (NASDAQ: MGX) pursuant and/or traceable to the Company’s initial public offering conducted between February 9 and 13, 2024 (the “IPO”), of the important November 25, 2024 lead plaintiff deadline.

SO WHAT: If you purchased Metagenomi stock you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Metagenomi class action, go to https://rosenlegal.com/submit–form/?case_id=29254 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 25, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: Some law firms issuing releases about this matter do not actually litigate securities class actions. Rosen Law Firm does. Rosen Law Firm is a recognized leader in shareholder rights litigation, dedicated to helping shareholders recover losses, improving corporate governance structures, and holding company executives accountable for their wrongdoing. Since its inception, Rosen Law Firm has obtained over $1 billion for shareholders.

DETAILS OF THE CASE: According to the lawsuit, Metagenomi introduced itself to investors during its IPO as a “genetic medicines company” having a long–standing business relationship with Moderna, one of the leading Covid–19 vaccine companies. Integral to Metagenomi’s collaboration with Moderna was the claim that the two companies had entered into a Strategic Collaboration and License Agreement on October 29, 2021, which included multiple four–year research programs and a subsequent licensed product–by–licensed product agreement. Metagenomi completed its initial public offering on February 13, 2024, selling 6.25 million shares at $15 per share. However, less than three months later, on May 1, 2024, Metagenomi announced that it and Moderna had “mutually agreed to terminate their collaboration” agreement. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Metagenomi class action, go to https://rosenlegal.com/submit–form/?case_id=29254 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

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:

        Laurence Rosen, Esq.
        Phillip Kim, Esq.
        The Rosen Law Firm, P.A.
        275 Madison Avenue, 40th Floor
        New York, NY 10016
        Tel: (212) 686–1060
        Toll Free: (866) 767–3653
        Fax: (212) 202–3827
        [email protected]
        www.rosenlegal.com


GLOBENEWSWIRE (Distribution ID 9276615)

POWW DEADLINE ALERT: ROSEN, A RANKED AND LEADING LAW FIRM, Encourages AMMO, Inc. Investors to Secure Counsel Before Important November 29 Deadline in Securities Class Action – POWW

NEW YORK, Nov. 19, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of AMMO, Inc. (NASDAQ: POWW) between August 19, 2020 and September 24, 2024, both dates inclusive (the “Class Period”), of the important November 29, 2024 lead plaintiff deadline.

SO WHAT: If you purchased AMMO securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the AMMO class action, go to https://rosenlegal.com/submit–form/?case_id=29426 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 29, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: Some law firms issuing releases about this matter do not actually litigate securities class actions. Rosen Law Firm does. Rosen Law Firm is a recognized leader in shareholder rights litigation, dedicated to helping shareholders recover losses, improving corporate governance structures, and holding company executives accountable for their wrongdoing. Since its inception, Rosen Law Firm has obtained over $1 billion for shareholders.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) AMMO lacked adequate internal controls over financial reporting; (2) there was a substantial likelihood AMMO failed to accurately disclose all executive officers, members of management, and potential related party transactions in fiscal years 2020 through 2023; (3) there was a substantial likelihood AMMO failed to properly characterize certain fees paid for investor relations and legal services as reductions of proceeds from capital raises rather than period expenses in fiscal years 2021 and 2022; (4) there was a substantial likelihood AMMO failed to appropriately value unrestricted stock awards to officers, directors, employees and others in fiscal years 2020 through 2022; and (5) as a result of the foregoing, defendants’ positive statements about AMMO’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the AMMO class action, go to https://rosenlegal.com/submit–form/?case_id=29426 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

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:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686–1060
Toll Free: (866) 767–3653
Fax: (212) 202–3827
[email protected]
www.rosenlegal.com


GLOBENEWSWIRE (Distribution ID 9276593)

Quantexa Introduces AI-Powered Workload for Microsoft Fabric to Transform Data Quality and Usability Across the Enterprise

 • The Quantexa Unify Workload for Microsoft Fabric gives users industry–leading entity resolution capabilities to perform highly accurate data–matching and relationship–discovery at scale.

 • Organizations can enhance data quality, eliminate silos, lower costs and address challenges linked to getting data ready for AI, facilitating better and faster decision–making.

LONDON and CHICAGO, Nov. 19, 2024 (GLOBE NEWSWIRE) — Quantexa, a global leader in decision intelligence (DI) solutions for the public and private sectors, today at Microsoft Ignite, announced immediate availability of Quantexa’s Unify Workload for Microsoft Fabric. Quantexa Unify, currently in preview, brings advanced, AI–powered entity resolution and data matching to Microsoft Fabric. This allows organizations to take advantage of mission critical capabilities from Quantexa’s Decision Intelligence Platform to create an enterprise data estate with a unified, interconnected view of their data. More than 50 industry leading enterprises and government agencies have used this capability to match over 60 billion records with remarkable speed and 99% accuracy.

A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d7652daf–4337–4eec–b971–61cf4c867ef4

This innovative workload enables data engineers, data scientists, analysts, and business users to effortlessly connect and continuously update data from multiple sources entirely within Microsoft Fabric. With the Quantexa Unify workload, organizations can automatically identify, match, and consolidate records of the same entities—like people, businesses, locations and contacts—despite any inconsistencies or errors.

Creating A Trusted Data Foundation for Analytics and Generative AI
Quantexa Unify reads data directly from OneLake, automates cleansing, parsing and normalization of data sources, then performs sophisticated data matching to produce a connected view of the data in OneLake. Quantexa Unify provides preconfigured matching templates, allowing users to define the level of match quality required. Microsoft Power BI reports are delivered to highlight data quality metrics and issues. The workload runs directly within Microsoft Fabric and writes the results back out to OneLake for wider use.

The result is an enterprise–wide data estate that is continually refreshed with trusted data that:

  • Can be seamlessly integrated into Microsoft’s full suite of data, analytics and business productivity services.  
  • Maximizes business intelligence capabilities.
  • Provides a connected, contextual view as a knowledge graph to unlock advanced graph–based analytics.
  • Can be fed into privately built and trained AI models.
  • Can be used as a powerful asset in conjunction with Copilot Studio and Azure OpenAI to augment or automate decision–making and spur innovation.

Key capabilities of Quantexa Unify

  • No–Code, Automated Data Mapping: The workload can be configured with your own data model, which simplifies and accelerates the process of mapping data fields among different systems or data sources using a visual interface.
  • Advanced Entity Matching: Using out–of–the–box configurations and machine learning, the workload performs high–quality matching across entity types, linking records and enriching incomplete data.
  • Contextualized Insights: Uncover significant connections, reveal hidden relationships, and produce knowledge graphs.
  • Data Quality: Uncover and remediate data quality issues using Power BI Dashboards.
  • Scalability and Performance: This workload is optimized for speed and scalability, making it suitable for large–scale enterprise environments where data volume and complexity can be overwhelming.
  • Democratized Data Access for Faster, Better Decision–Making: Accelerate your enterprise’s ability to make trusted data accessible and usable for technical and business users across your organization. Leverage the results from Quantexa Unify in Microsoft’s full suite of analytical tools, including Microsoft Copilot.

Dan Higgins, Chief Product Officer of Quantexa, said: “Announcing the preview of Quantexa Unify for Microsoft Fabric at Ignite is a significant milestone in our ongoing collaboration with Microsoft. Our AI–powered workload for Microsoft Fabric will transform how organizations achieve data readiness to maximize their generative AI investments. This powerful integration helps organizations create the foundation for augmented decision–making by resolving complex entity relationships using external and internal data sources with speed and precision. By tapping into the scalability and flexibility of Microsoft Fabric, we are empowering businesses to drive innovation and harness the full potential of their data like never before.”

Amir Netz, Technical Fellow and CTO for Microsoft Fabric, said: “We are pleased to see Quantexa’s innovation bring such a compelling capability to Microsoft Fabric. This enables organizations to use their data within Microsoft Fabric to foster better decision–making and enhanced operational efficiency. As customers increasingly rely on Microsoft Fabric to accelerate their digital transformation, this capability will allow them to gain deeper insights they expect from their data investments, all within a trusted enterprise–wide data estate. We look forward to continuing to collaborate with Quantexa to help our customers unlock new opportunities and drive confidence in their AI and data–driven initiatives.”

Novo Banco Joins Private Preview
In addition to the public preview, which allows customers to experience Quantexa Unify with publicly available data sets, Quantexa also disclosed they have opened a private preview for customers ready to deploy Quantexa Unify. Today at Microsoft Ignite, Novo Banco, an early private preview participant and a prominent financial institution headquartered in Portugal, serving individual and corporate clients, with digital transformation ambitions that include extending the banks offerings throughout Europe, disclosed its intention to build an enterprise–wide data estate with Quantexa and Microsoft.

Seamus Murphy, Chief Operating Officer at Novo Banco, stated: “Understanding customer behavior through a comprehensive data view lets banks personalize communications and services, fostering stronger client relationships, and simultaneously protecting them and the bank with a single investment.
The current trend of creating vertical solutions is not cost effective and does not create the intended business impact. An enterprise–wide data estate is the future of effective data operationalization in banking. Quantexa’s Unify for Microsoft Fabric will be the foundation for us to dismantle organizational and data silos, enabling advanced analytics, efficiency using AI, and better customer service.”

To learn more about how your organization can participate in Quantexa’s public or private preview for Quantexa Unify for Microsoft Fabric, visit here.

About Quantexa
Quantexa is a global AI, data and analytics software company pioneering Decision Intelligence to empower organizations to make trusted operational decisions with data in context. Using the latest advancements in AI, Quantexa’s Decision Intelligence platform helps organizations uncover hidden risk and new opportunities by unifying siloed data and turning it into the most trusted, reusable resource. It solves major challenges across data management, customer intelligence, KYC, financial crime, risk, fraud, and security, throughout the customer lifecycle.

The Quantexa Decision Intelligence Platform enhances operational performance with over 90% more accuracy and 60 times faster analytical model resolution than traditional approaches. An independently commissioned Forrester TEI study on Quantexa's Decision Intelligence Platform found that customers saw a three–year 228% ROI. Founded in 2016, Quantexa now has over 800 employees and thousands of platform users working with billions of transactions and data points across the world.

Resources
Microsoft Fabric Ignite blog: https://aka.ms/Fabric–Ignite24

Media Inquiries
C: Stephanie Crisp, Fight or Flight
E: [email protected]

OR

C: Adam Jaffe, SVP of Corporate Marketing
T: +1 609 502 6889
E: [email protected]


GLOBENEWSWIRE (Distribution ID 1001013946)

ROSEN, LEADING INVESTOR COUNSEL, Encourages PACS Group Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – PACS

NEW YORK, Nov. 19, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of PACS Group Inc. (NYSE: PACS): (i) common stock pursuant and/or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) in connection with the Company’s April 11, 2024 initial public offering (“IPO”); and/or (ii) securities between April 11, 2024 and November 5, 2024, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 13, 2025.

SO WHAT: If you purchased PACS common stock pursuant and/or traceable to the IPO and/or securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the PACS class action, go to https://rosenlegal.com/submit–form/?case_id=30617 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 13, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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. 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 achieved the largest ever securities class action settlement against a Chinese Company at the time. 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.

DETAILS OF THE CASE: According to the lawsuit, in the Registration Statement and throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) PACS engaged in a “scheme” to submit false Medicare claims which “drove more than 100% of PACS’ operating and net income from 2020 – 2023”; (2) PACS engaged in a “scheme” to “bill thousands of unnecessary respiratory and sensory integration therapies to Medicare”; (3) PACS engaged in a scheme to falsify documentation related to licensure and staffing; and (4) as a result of the foregoing, defendants’ positive statements about PACS’ business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the PACS class action, go to https://rosenlegal.com/submit–form/?case_id=30617 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

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:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686–1060
Toll Free: (866) 767–3653
Fax: (212) 202–3827
[email protected]
www.rosenlegal.com


GLOBENEWSWIRE (Distribution ID 9276586)