BOULDER, Colo., May 14, 2025 /PRNewswire/ — The American Solar Energy Society (ASES) proudly announces the recipients of the 2025 ASES Awards and Fellow Inductions, honoring individuals who have demonstrated outstanding leadership, innovation, and service in advancing renewable energy and sustainability.

 

Each year, ASES celebrates leaders across the solar and renewable energy fields whose contributions inspire progress toward a world equitably and sustainably transformed to 100% renewable energy. This year’s awards reflect the impressive technical and policy advancements of the past year, along with the spirit of resilience, creativity, and collaboration that defines the solar community.

Congratulations to the 2025 ASES Award Winners and Fellow Inductees!

ASES invites all renewable energy professionals, advocates, students, and enthusiasts to join us in celebrating these remarkable individuals and their achievements at the 2025 Awards Banquet and Fellows Reception on Tuesday, August 5, from 5-9pm MT at the University of Colorado Boulder. View the full list of awardees and inductees at ases.org/conference.

The Awards Banquet and Fellows Reception will bring together leaders, innovators, and changemakers from across the solar field for an evening of recognition, laughter, and inspiration, ASES Executive Director Carly Rixham notes. “This year, we honor renewable energy leaders at every stage of their careers, from groundbreaking graduate researchers to seasoned innovators and advocates, who prove that advancing a just, 100% renewable energy future is both urgent and possible. We look forward to celebrating these achievements and the unstoppable dedication of colleagues throughout the renewable energy community at the conference and banquet in Boulder, CO, this August.”

Awards Banquet Tickets & Conference Registration Available Now | Early Bird Registration Closes on May 15!

Tickets for the ASES SOLAR 2025 Awards Banquet are limited — reserve yours today at ases.org/conference! Don’t miss your chance to secure discounted registration for the SOLAR 2025 National Solar Conference, taking place on August 4–6 at the University of Colorado Boulder. This year’s theme, “Innovation for Universal Renewable Energy Access,” promises dynamic sessions, interactive workshops, valuable networking, and the chance to engage with the leaders and peers driving the clean energy transition.

 

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SOURCE American Solar Energy Society

In 2024, Vancity initiated a values-led transformation focused on improving member service and restoring profitability, while staying true to its co-operative values.
 
The year marked a strategic reset under new CEO Wellington Holbrook, reaffirming Vancity’s commitment to delivering modern, people-centered banking rooted in equity, inclusion, and climate action. Key initiatives included rolling out long-requested service upgrades and streamlining operations for greater efficiency. Despite economic headwinds, Vancity returned to profitability with $5.8 million in net income, and continued its community impact work—such as financing affordable housing and supporting climate-ready home retrofits and Indigenous entrepreneurs.
 
Vancity’s 2024 Annual Report, along with its Consolidated Financial Statements, Climate Report, Accountability Statements, and Sustainability Issuance Report, can be viewed here: https://www.vancity.com/AnnualReport.
 
The Climate Report outlines its strategic alignment with the Paris Agreement and UN Sustainable Development Goals, integrating climate action into its core strategy, risk management, and governance. The report highlights progress on emissions reductions.

The Accountability Statements outline Vancity’s approach to managing key material topics and provide detailed data, disclosures, and impact insights.

The Sustainability Issuance Report outlines the purpose, use, and impact of funds raised through its Sustainable Bearer Deposit Notes program. The report details how proceeds were allocated to eligible green and social investments under Vancity’s Sustainability Issuance Framework.
 
Report highlights include: 

  • $12.1B of Vancity’s $36.0B in assets and assets under administration were focused on both generating a profit and creating positive impact.
  • 71% of procurement spent locally
  • Financed the construction or renovation of 1,924 units of affordable housing
  • 7,810 tonnes of avoided emissions from clean energy projects
  • Financed 1,036,020 square feet of energy-efficient buildings 

Vancity’s annual reporting is designed to promote transparency and accountability by openly reporting on how its actions impact people, communities, and the environment. 2024 reporting follows the International Integrated Reporting Framework and GRI Standards, and incorporates elements from IFRS S1 and S2, and the Sustainability Accounting Standards Board (SASB) standards. It is intended to meet the disclosure requirements of Vancity’s membership in the UN Principles for Responsible Banking and was also guided by the disclosure requirements of the Net-Zero Banking Alliance (NZBA) and the Partnership for Carbon Accounting Financials (PCAF).

2024 reporting reflects Vancity’s dual focus on material financial risks and broader social and environmental impacts. It was shaped by ongoing member engagement and supported by external assurance of several key metrics.

About Vancity

Vancity is a values-based financial co-operative serving the needs of its 570,000 member-owners and their communities, with offices and more than 50 branches located in Metro Vancouver, the Fraser Valley, Victoria, Squamish and Alert Bay, within the territories of the Coast Salish and Kwakwaka’wakw people. With $36 billion in assets plus assets under administration, Vancity is one of Canada’s largest credit unions. Vancity uses its assets to help improve the financial well-being of its members while at the same time helping to develop healthy communities that are socially, economically and environmentally sustainable.

Media Contact: 
Media Relations
Phone: 778-837-0394

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GOTHENBURG, Sweden, May 14, 2025 /PRNewswire/ — Minesto, leading technology developer in ocean energy, joins the World Expo 2025 in Osaka, Japan, as part of the Swedish official delegation and partner to the Nordic Pavilion. Today 14 May, Sweden celebrated its national day at World Expo, the delegation led by HM King Carl XVI Gustaf. Minesto CEO Dr. Martin Edlund was invited to join the visit and ceremony as part of the Swedish official delegation.

The World Expo 2025 takes place in Osaka, Japan and is described as a global stage for co-creating the future – with 160+ countries, 28 million visitors expected, and a spotlight on innovation, collaboration and impact. Sweden is part of the joint Nordic pavilion, The Nordic Circle, where sustainability, innovation, and cooperation take centre stage.

Today 14 May, Sweden celebrated its National Day at World Expo. An official delegation led by HM King Carl XVI Gustaf, and a large business delegation headed by Jacob Wallenberg, Chairman of the Confederation of Swedish Enterprise, visited the World Expo and the Nordic pavilion. The day highlighted innovation, business, and culture, showcasing Sweden’s expertise in sustainable and future-proof solutions. Minister for Development Cooperation and Foreign Trade, Benjamin Dousa, represented the Swedish Government. The delegations aim to further strengthen ties between Sweden and Japan and promote the business opportunities made possible through collaboration between the two nations. 

Minesto CEO Dr. Martin Edlund participated in the official delegation, meeting Japanese governmental representatives.

Minesto CEO Dr. Martin Edlund participated in the official delegation, meeting representatives from the Japanese government as well as international stakeholders.

“Our participation in the World Expo in Osaka offers a great opportunity to create global awareness of the ocean and tidal currents as an untapped energy resource – a new renewable that our technology can unlock in a competitive way. We are honoured to be part of the Nordic pavilion and we are here to build relationships and partnerships with industrial actors in Japan as well as globally,” says Dr. Martin Edlund, CEO of Minesto. 

The National Day Sweden during World Expo is coordinated by Business Sweden:

“On 14 May 2025, Sweden will celebrate its National Day at Expo 2025 in Osaka, Japan. Under the theme Join Sweden to Pioneer the Possible, the country extends a hand to Japan – and the world – to collaborate in strategically important areas. The day will highlight Swedish innovation, business, and culture, showcasing Sweden’s expertise in sustainable and future-proof solutions. The business delegation includes high-level representatives from Swedish partner companies to Expo 2025 Osaka, such as EQT, Saab, Tetra Pak, Volvo, Ericsson, Investor, FAM, Alfa Laval, Autoliv, Bona, HemoCue, Getinge, among others.”

Official website World Expo 2025:
Expo 2025 Osaka, Kansai, Japan Official Website

Official website Nordic Pavilion:
Nordic Circle

For additional information, please contact
Cecilia Sernhage, Chief Communications Officer
+46 735 23 71 58
ir@minesto.com

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/minesto-ab/r/minesto-joins-world-expo-2025-in-osaka–japan-as-part-of-the-swedish-official-delegation,c4150131

 

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SOURCE Minesto AB

Swedish firm to sell credits backed by land in Merryville, Louisiana, enabled by adoption of industry-leading methodology

ATHENS, Ga., May 14, 2025 /PRNewswire/ — Qarlbo Biodiversity, together with 6M Properties LLC, today announced the first-ever off-take agreement for voluntary biodiversity credits in the United States.

Qarlbo Biodiversity, the Stockholm-based global leader in nature-positive forestry investments, made an agreement with 6M Properties, a South Carolina-based firm specializing in developing timberland resources throughout the Southeastern United States.

A biodiversity credit represents an additional, measurable, and independently verified positive biodiversity outcome achieved on one hectare of forest land over the course of a year. Biodiversity loss is complex to measure and mitigate, but solutions like biodiversity credits are essential for creating transparency and accountability.

Qarlbo Biodiversity will generate the credits on land it owns, through application of its biodiversity credit methodology. The restoration effort the credits will finance will be verified using the proprietary methodology, which is rooted in science and already used to underpin projects globally. This credit sale is a model for restoration of U.S. production forests that are a key driver of economic growth.

“This transaction is a groundbreaking milestone for conservation finance,” said Aleksandra Holmlund, CEO of Qarlbo Biodiversity. “It demonstrates clear market demand and a growing supply of practical solutions for channeling private capital into projects that deliver measurable financial, environmental, and operational outcomes.”

Roughly a third of the planet’s land area is covered by forests, and 30% of those are production forests that play an integral role in critical global supply chains. Following recent European transactions, the first voluntary biodiversity credit sale in the U.S. underscores growing global momentum around nature-based solutions and voluntary nature credit markets.

The credits will be generated on Qarlbo Biodiversity’s 10,576-acre (4,280-hectare) property in Merryville, Louisiana, where the company is restoring longleaf pine ecosystems—among the most ecologically valuable and threatened forest types in North America. Once covering over 90 million acres across the Southern U.S., today less than 5% of longleaf pine forests remain. These ecosystems support threatened species such as the red-cockaded woodpecker, enhance wildfire resistance, and sequester significant amounts of carbon, making their restoration a high-impact investment in both biodiversity and climate resilience.

 “I was personally involved with the team during the acquisition of this asset, and I’m thrilled to be part of the vision that Qarlbo has brought forward,” said Mark McMillan, CEO of 6M Properties LLC. “In today’s challenging landscape of forestry management and sustainability initiatives, it’s truly a pleasure to work alongside a group that evaluates an asset from every angle.” 

Qarlbo Biodiversity’s credit methodology, developed in Sweden, supported the first European biodiversity credit transaction in October 2024, with Orsa Besparingsskog as the seller and Devi Group as the buyer. The system, developed by Martin Pilstjärna, Qarlbo Biodiversity’s Impact Director and Aleksandra Holmlund, Qarlbo Biodiversity’s CEO, exceeds conventional European and American standards for forest management, thereby enabling additional, measurable restoration and preservation actions in timber production while also fostering the biodiversity necessary for resilient, future-proof forests.

About Qarlbo Biodiversity
Qarlbo Biodiversity is a global leader in nature-positive forestry investments, headquartered in Stockholm with U.S. offices in Athens, Georgia. The company invests in and actively manages regeneration of biodiversity in forest landscapes, optimizing impact with the Qarlbo Nature+® Forest Management Strategy. As a co-founder of the UN-affiliated Biodiversity Credit Alliance (BCA), Qarlbo Biodiversity is at the forefront of catalyzing credible, transparent markets for forest conservation and biodiversity regeneration, and the company’s pioneering methodology is responsible for enabling the first-ever commercial sale of biocredits in Sweden. Qarlbo Biodiversity is a wholly-owned subsidiary of Qarlbo AB, a global investment company owned by the Jonsson family and shaped by a commitment to creating sustainable impact that lasts for generations. By integrating monitoring and reporting technology with the latest science, Qarlbo Biodiversity is future-proofing forestry to simultaneously ensure lasting conservation and financial viability. For more information, visit https://www.qarlbobiodiversity.com/

About 6M Properties
6M Properties, LLC is a family-owned and managed timberland investment portfolio firm with holdings in the southeastern United States. 

For media inquiries, please contact:
QarlboBio@EdelmanSmithfield.com 

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SOURCE Qarlbo Biodiversity

BEIJING, May 14, 2025 /PRNewswire/ — SolarEast, a leading manufacturer of air-to-water heat pumps, has announced the global launch of its next-generation R290-based heating and cooling solution. Designed for both residential and commercial buildings, this system combines environmental sustainability, regulatory compliance, and advanced smart technology, positioning itself as a key contributor to the global energy transition.

Meeting International Climate and Energy Policies

As countries accelerate decarbonization efforts, SolarEast’s new heat pump aligns with global climate action targets, including the EU Green Deal, REPowerEU, and the IEA’s Net Zero by 2050 roadmap. The system qualifies for a range of government subsidies and tax incentive programs aimed at replacing fossil-fuel-based systems with high-efficiency alternatives.

QuietEdge R290 Heat Pump: Ultra-Quiet Performance with Smart IoT Control

Unveiled at ISH 2025, the QuietEdge R290 Heat Pump attracted strong attention for its ultra-quiet operation and refined energy performance. Designed to meet the needs of modern homes and commercial spaces, this system delivers whisper-quiet heating and cooling—as low as 35 decibels—making it ideal for noise-sensitive environments such as residential communities, schools, and hospitals.

Powered by natural refrigerant R290 and full DC inverter technology, QuietEdge balances energy efficiency with climate-conscious design. The built-in 5G/2.4G Wi-Fi module enables users to monitor consumption, receive predictive maintenance alerts, and control the system remotely via an intuitive smart platform. Its combination of acoustic comfort and intelligent connectivity has attracted interest from European HVAC distributors and industry professionals. 

Flexible Applications from Homes to Industrial Facilities

The modular design supports a broad capacity range—from compact 4kW units for energy-efficient single-family homes to high-power 100kW systems capable of meeting the demands of hotels, office buildings, and even industrial heating and hot water supply. Cascade configurations ensure uninterrupted operation during maintenance, while the system’s customizable exterior integrates seamlessly with modern architecture, featuring a discreet casing that blends harmoniously into contemporary building facades

Integration with Solar PV and Energy Storage Systems

The system is engineered to integrate seamlessly with solar photovoltaic (PV) panels and battery storage systems, offering users a fully decarbonized, energy-independent heating and cooling solution. This compatibility allows for greater use of self-generated renewable energy, reducing reliance on the grid and maximizing energy savings. For residential and commercial users pursuing net-zero building goals, SolarEast’s R290 system provides a future-ready platform that supports PV-to-HP direct utilization and smart load balancing within energy management systems.

In-House Manufacturing Ensures Quality, Safety, and Reliability

SolarEast operates a vertically integrated production system, with over 85% of critical components—including evaporators, condensers, copper piping, and electronic control boards—manufactured in-house. This high degree of self-reliance allows for greater consistency, flexibility, and engineering precision across product lines.

All units undergo rigorous quality checks at multiple stages of production. Inspection procedures include helium leak detection, halogen leak testing, and assembly on dedicated explosion-proof production lines.

This comprehensive quality control process underscores SolarEast’s commitment to delivering reliable, high-performance systems that meet global regulatory and customer expectations.

A Clear Vision for Carbon Neutrality

“At SolarEast, we believe in accelerating the global shift toward cleaner energy,” said the company’s CEO. “This R290 system is not just a product launch—it’s our commitment to empowering global communities with sustainable, future-proof heating technologies that support climate goals and unlock real economic benefits through policy incentives.”

For detailed technical specifications and additional product information, visit:
https://www.solareasthvac.com 

CONTACT: Zoe, heatpump@solareast.com 

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SOURCE Solareast Heat Pump Ltd.

The Leading Parenting Brand is Set to Showcase Upcoming Product Launches at Booth #969

LAS VEGAS, May 13, 2025 /PRNewswire/ — GROWNSY, a trusted brand behind some of the most reliable parenting products on the market, is excited to announce its participation in the 2025 ABC Kids Expo, taking place May 21–23 at the Mandalay Bay Hotel & Convention Center in Las Vegas. The brand will be exhibiting at Booth #969, where it will unveil exclusive, never-before-seen products and spotlight several fan-favorite items that have earned the love and loyalty of parents everywhere.

Known for innovative, parent-approved solutions that make everyday life with babies and toddlers easier, GROWNSY is excited to make its debut at this year’s ABC Kids Expo. Attendees will have the opportunity to preview brand-new, unreleased products, offering a first look at what’s coming soon to the GROWNSY lineup.

“We’re thrilled to participate in this year’s ABC Kids Expo, one of the most influential gatherings within the parenting industry,” said CEO GROWNSY. “It’s an honor to have the ability to showcase our newest innovations alongside some of the top brands in the space. This year, we’re introducing new products and giving our community a closer look at the solutions parents already know and love.”

Highlights at Booth #969 will include:

  • Exclusive Previews: Be the first to see GROWNSY’s upcoming product launches, designed with cutting-edge features and real parent feedback in mind.
  • Fan Favorites: From the brand’s best-selling Bottle Warmer to the Nasal Aspirator that parents swear by during cold and flu season, the booth will feature top-performing products that continue to deliver peace of mind.
  • Interactive Demos: Hands-on product experiences with expert brand reps available for Q&A.

For more information, please visit https://grownsy.com/.

About GROWNSY 

GROWNSY is the brand trusted for modern parents—those who are navigating the challenges of parenthood while staying true to their personal values of reliability, functionality, and health. Our products are designed to make parenting easier, with solutions that fit seamlessly into busy, multi-faceted lifestyles. 

Media Contact
Grownsy PR Team
awen@grownsy.com

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SOURCE GROWNSY

Captivated by the enduring wisdom of traditional Chinese culture and the country’s modern transformation, Patrick Nijs, former Belgian ambassador to China, chose to take root in the country after retirement and bring his visionary green dream to life. 

BRUSSELS, May 13, 2025 /PRNewswire/ — In the rugged terrains of Dongchuan, Yunnan Province – a region dubbed China’s “Mudslide Natural Museum” – lies an unlikely sanctuary: Kabissa Organic Farm. Here, retired Belgian diplomat Patrick Nijs, former ambassador to China (2009-2013), cultivates not just crops but a vision of planetary harmony. Rejecting synthetic fertilizers, pesticides, and machinery, Nijs embraces traditional Chinese farming as humanity’s last hope for planetary salvation.

Former Belgian Ambassador to China, Patrick Nijs, plants a chestnut tree in the pine woods at his Kabissa Organic Farm in Yunnan Province, as part of his efforts to promote forest biodiversity and ecological sustainability.

Nijs holds a unique distinction as the only European ambassador to choose permanent residency in China after retirement. His decision, announced upon stepping down from his diplomatic role in 2013, stems from a profound conviction: “What happens to China and within China will shape the globe’s destiny.” Foreseeing the nation’s ascent as a global power, he added, “I wanted to remain close to this epicenter of change. Bridging understanding between China and the world is one of the most pressing tasks of our time.”

A Pull to China

Born into a Belgian diplomatic family in Congo, Africa, Nijs forged an innate bond with nature during childhood – barefoot adventures through rainforests fostering a profound reverence for the natural world. This early immersion in Africa’s unparalleled biodiversity left an indelible mark, shaping his identity as a lifelong environmental advocate. “I felt profoundly fortunate to grow up surrounded by such ecological richness,” he reflected. Witnessing the rapid extinction of species due to deforestation deeply troubled him, igniting a lifelong commitment to planetary stewardship.

During his secondary education in Belgium, a serendipitous encounter with the ancient Chinese work Tao Te Ching by the ancient Chinese sage Laozi became a turning point. The text’s emphasis on harmony with nature – positioning humanity not as a conqueror but as an integral part of the cosmos – resonated with his African experiences. Here, Laozi’s philosophy crystallized into a spiritual compass, propelling Nijs toward a profound yearning for China.

“My generation was very interested in China’s transformation under Chairman Mao Zedong,” he recalled in an interview with China Today. “We tried to understand what these big changes meant for the global development.”

This intellectual curiosity and philosophical kinship propelled Nijs into diplomatic service in China: first as Belgium’s consul general in Shanghai (1997), and later as ambassador in Beijing (2009).

When asked to define his cultural identity, he said: “I am a global citizen – a mosaic of Chinese, European, and African influences. My roots now anchor in China, evolving into an ‘international Chinese Buddha-being’.”

Taoist philosophy profoundly structures Nijs’ worldview. “Eastern thought unifies body, mind, and universe – humans are not separate entities but a vibrational part of the universe,” he explained. This holistic paradigm, he argued, prioritizes symbiotic coexistence: “It’s a mixture of yin and yang, masculine and feminine energy, which is much softer and much more comprehensive and where man actually has to find its right place in the universe.”

Inspired by oriental philosophy, Nijs believes we have to find a kind of reconciliation between man and nature, saying, “There was no other way if you wanted to generate happy people and healthy people.” In his view, if people want to be in harmony with their surroundings and be happy, oriental philosophy holds the key. “The Taoism is the engine that keeps me alive and feeds me. And this is why I have to get back to the countryside whenever it’s possible, to be close to nature.”

A Chinese Farming Dream

Chinese philosophy has also shaped Nijs’ daily routine. Nijs rises with the sun, and practices both sitting and standing meditation inspired by the teachings of Zen and Taoism as he faces the sunrise. Being close to nature, he believes, fills him with energy and connects him to the universe. After meditation, he studies and practices writing Chinese characters, fascinated by their etymology. To him, these characters reveal much about Chinese psychology and thought.

Before breakfast, Nijs takes a morning walk through his permaculture farm of about two hectares which he runs together with his Chinese wife Deng Minyan. “Our fields are like an edible forest,” he explained. “They’re composed of multiple layers – vegetables, trees, shrubs – all part of a living ecosystem that produces food.” In the early hours, Nijs simply observes, using his senses to understand the farm’s rhythms and the growth of new plants. After breakfast, he often works in the fields until dusk.

Though a foreigner, Nijs is deeply committed to preserving traditional Chinese farming methods. “Traditional Chinese farming is disappearing, and that worries me,” he told China Today. Nowadays, only elderly farmers retain this knowledge, which Nijs greatly values. “They till the land using simple techniques, avoiding those destructive machines that ruin the soil’s structure.” He finds the traditional practice of intercropping – growing different plants together – particularly fascinating. “This biodiversity is very close to permaculture’s principles.”

Nijs loves being a farmer in China because, to him, Chinese farmers embody the essence of farming. “I adore Chinese farmers – they’re wonderfully simple people. You don’t need many words; just sitting together feels good.”

Green China, Green World

Nijs is deeply concerned about the looming threats of climate change and biodiversity loss, which he believes are accelerating the extinction of Homo sapiens. In his view, cooperation between China and Europe will be key to addressing this crisis.

“We face immense challenges. Yet today, people are so distracted by geopolitics that they overlook the deterioration of our global ecosystems.”

Europe’s tradition of multilateralism, he argued, offers a path forward. “Our history has taught us the devastation of war and colonialism. Now, we must join forces with China to restore multilateralism and steer the world in the right direction.”

To strengthen global efforts in ecological preservation and green development, Nijs co-founded the Wutong-Acacia International Forum, aiming to “bridge Europe and China in determined, innovative action to prevent the collapse of our planet’s ecosystems.”

The forum brings policymakers, experts, and business leaders to Moganshan (Mount Mogan), a natural sanctuary in Huzhou of Zhejiang Province, to advance the circular economy. “We avoid politics, opting instead for symbolic resonance. The Wutong, a Chinese tree, attracts and protects the phoenix – a mythical bird reborn from ashes. It’s a powerful emblem of renewal. The Acacia, from Greek mythology, symbolizes knowledge and longevity. It’s a pioneer species, the first to regenerate forests, sacrificing itself to restore biodiversity.”

At the inaugural forum in December 2023, participants adopted the Moganshan Declaration, affirming: “Our mission is to champion green innovation. As a global power, China’s role is pivotal – without its participation, effective solutions remain a mirage. We strive to bring a green China to the world and a green world to China, a vital step toward a shared future for humanity.”

Nijs praised China’s green development achievements, noting its steady progress under the ecological civilization framework. “China may surpass its own targets for carbon peak and neutrality,” he said, highlighting the country’s strides in ecosystem restoration, expansion of national parks, pollution control, and waste management. “Across China, garbage sorting and recycling efforts are visible, embedding reuse into the circular economy. In green energy and transportation, China now leads globally.”

China is emerging as a pilot in green transition, while Europe remains a pioneer. Our task is to align efforts across both regions,” he continued, emphasizing Sino-European collaboration to support sustainable development in Africa.

“We must explore every possible channel to unite Europe and China – acting, innovating, and creating together to secure our survival on this planet.”

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SOURCE China Today

VANCOUVER, BC, May 13, 2025 /PRNewswire/ — GreenPower Motor Company Inc. (Nasdaq: GP) (TSXV: GPV) (“GreenPower” and the “Company”), a leading manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, announces a term loan offering of up to U.S. $2,000,000 from several lenders (the “Loan”). The Company may, at its discretion, elect to close the Loan in one or more tranches (each, a “Closing Date”). The Loan will be secured with a general security agreement on the assets of the Company subordinated to all senior debt with financial and other institutions and will bear interest of 12% per annum commencing on the date of advance (the “Advance Date”) to and including the date all of the Company’s indebtedness pursuant to the Loan is paid in full. The term of the Loan will be two years from the Advance Date.

The Company anticipates closing the first tranche of U.S. $500,000 from companies associated with the CEO and a Director of the Company (together, the “Initial Lenders”). Management anticipates that the Company will allocate the net proceeds from the Loan towards production costs, supplier payments, payroll and working capital.

As an inducement for the Loan, the Company will issue non-transferable share purchase warrants (each, a “Loan Bonus Warrant”) to each Initial Lender with the number of Loan Bonus Warrants to be determined by the amount of the Loan to each Individual Lender divided by the Market Price (as such term is defined in the Policies of the TSX Venture Exchange (the “Exchange”)) (the “Market Price”). Each Loan Bonus Warrant will entitle the holder to purchase one common share of the Company (each, a “Share”) at an exercise price not less than the Market Price of the Shares on the Closing Date for a period of twenty-four (24) months from the Closing Date. The issuance of the Loan Bonus Warrants remains subject to acceptance by the Exchange.

For future tranches, the Company may issue Loan Bonus Warrants or bonus common shares (each, a “Loan Bonus Share“) up to 20% of the amount of the Loan (determined by 20% of the amount of the Loan divided by the Market Price), or a combination of Loan Bonus Warrants and Loan Bonus Shares.

The Company may pay a finder’s fee in connection with the Loan. Closing of the Loan is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including Exchange acceptance. All securities issued in connection with the Loan will be subject to a statutory hold period of four months plus a day from the closing of the Loan in accordance with applicable securities legislation.

Certain insiders, including the Initial Lenders, participating in the Loan are considered to be a “related party” within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”) and the Loan and issuance of Loan Bonus Warrants is considered to be a “related party transaction” within the meaning of MI 61-101 but each is exempt from the formal valuation requirement and minority approval requirements of MI 61-101 by virtue of the exemptions contained in section 5.5(a) and 5.7(a) as the fair market value of the Loan and Loan Bonus Warrants is not more than 25% of the Company’s market capitalization.

For further information contact:

Fraser Atkinson, CEO
(604) 220-8048

Brendan Riley, President
(510) 910-3377

Michael Sieffert, CFO
(604) 563-4144

About GreenPower Motor Company Inc.
GreenPower designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo van and a cab and chassis.  GreenPower employs a clean-sheet design to manufacture all-electric vehicles that are purpose built to be battery powered with zero emissions while integrating global suppliers for key components. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. GreenPower was founded in Vancouver, Canada with primary operational facilities in southern California. Listed on the Toronto exchange since November 2015, GreenPower completed its U.S. IPO and NASDAQ listing in August 2020. For further information go to www.greenpowermotor.com

Forward-Looking Statements

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation that are not historical facts. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as “upon”, “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Forward-looking statements in this news release include, but are not limited to, statements with respect to the expectations of management regarding the use of proceeds of the Loan, the issuance of the Loan Bonus Warrants, and the closing of the Loan. Although the Company believes that and the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including that the proceeds of the Loan may not be used as stated in this news release, and those additional risks set out in the Company’s public documents filed on SEDAR+ at www.sedarplus.ca and with the United States Securities and Exchange Commission filed on EDGAR at www.sec.gov. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.  ©2025 GreenPower Motor Company Inc. All rights reserved.

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SOURCE GreenPower Motor Company

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