Month: August 2025

NEW ORLEANS, Aug. 21, 2025 /PRNewswire/ — The Kerry & Melinda Kirby Foundation in partnership with the National Kidney Foundation of Louisiana (NKFL), announced today the impact of their groundbreaking initiative, Ride with Kenny. This pioneering program enables social workers across Louisiana to schedule non-emergency medical transportation for patients who require dialysis—removing a major obstacle to care and helping some of the state’s most vulnerable citizens live healthier, more stable lives.

In a state where more than 460,000 residents are battling chronic kidney disease and over 16,000 rely on dialysis to survive, access to timely and reliable transportation can mean the difference between life and death. Ride with Kenny was created to address this critical gap—removing one of the most persistent barriers to care: simply getting to a dialysis clinic.

According to NKFL and Uber Health’s internal data for the fiscal year ending June 30, 2025, Ride with Kenny provided 1,165 rides to approximately 582 patients—each ride representing a lifeline to health, dignity, and hope. By preventing missed dialysis treatments, the program helps avert up to a 40% increased risk of hospitalization—and reduced mortality risk by as much as 25% among patients who otherwise miss their sessions (Clinical Journal of the American Society of Nephrology, June 2025).

Powered by a generous multi-year grant from the Kerry & Melinda Kirby Foundation, the program expands an existing NKFL initiative to deliver more accessible transportation options to patients across Louisiana. Through an alliance with Uber Health, the program provides a critical link to care—offering HIPAA-compliant rides that get patients to their treatments safely and on time.

“Kerry and Melinda Kirby are not just philanthropists—they are true champions for patients in need,” stated Torie Kranze, CEO of the National Kidney Foundation of Louisiana. “Their extraordinary generosity and compassion have created a life-changing program that removes one of the most significant challenges to obtaining medical services. Ride with Kenny is a shining example of what happens when visionary leadership meets a deep commitment to community.”

The Ride with Kenny initiative is a heartfelt tribute to Kenneth Fredrick Kirby, one of the first dialysis patients in Louisiana. Affectionately known as Kenny, he was a beloved son, devoted husband, and loving father to Kerry W. Kirby and Karen Kirby Lasseigne. Kenny proudly served in the United States Army and later joined the Louisiana State Police, where he carried out his duties with unwavering integrity and dedication. After a long and courageous battle with chronic kidney disease, the illness ultimately claimed his life at the young age of 33. His legacy now lives on through a mission that brings hope, healing, and access to care for others in need.

“Ride with Kenny is more than transportation—it’s a lifeline, a promise, and a deeply personal mission to right a wrong that took my father way too soon,” said Kerry W. Kirby, philanthropist and co-founder of the Kerry & Melinda Kirby Foundation. “It’s about restoring hope and standing with those who fight each day for their health. Melinda and I are committed to removing the roadblocks that prevent access to lifesaving treatments and to uplifting others with dignity and compassion. We’re honored and forever grateful to work with NKFL in bringing this vision to life.”

About The Kerry & Melinda Kirby Foundation: Renowned entrepreneurs Kerry W. Kirby and Melinda M. Kirby are dedicated to supporting communities and causes, with a strong emphasis on humanitarian, educational, healthcare, and equality initiatives. Through the Kerry & Melinda Kirby Foundation, they provide resources to nonprofit organizations that drive progress and amplify the voices of those who are often not heard. Learn more at: Kirby.Foundation 

About the National Kidney Foundation of Louisiana: The National Kidney Foundation of Louisiana (NKFL) is revolutionizing the fight to save lives by eliminating preventable kidney disease, accelerating innovation for the dignity of the patient experience, and dismantling structural inequities in kidney care, dialysis and transplantation. The NKFL provides vital patient and community services, conducts extensive public and professional education, advocates for patients through legislative action, and supports local kidney research to identify new treatments. NKFL relies on individual and corporate donations, business partnerships, foundation and government grants and special event revenue. More than 81 cents of each dollar donated to the NKFL goes directly to support its programs and services. Learn more at: Kidneyla.org

MEDIA CONTACT:
National Kidney Foundation of Louisiana
ATTN: Ingrid Amador
Phone: 504.861.4500
Email: 399810@email4pr.com

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SOURCE Kerry & Melinda Kirby Foundation

Petri Plumbing, Heating, Cooling & Drain Cleaning says homeowners should observe National Water Quality Month by implementing eco-friendly plumbing solutions

BROOKLYN, N.Y., Aug. 21, 2025 /PRNewswire/ — As a longtime leader in green plumbing innovation, the experts at Petri Plumbing, Heating, Cooling & Drain Cleaning, a family-owned home service company serving Brooklyn and Manhattan since 1906, encourages homeowners to embrace eco-friendly plumbing practices as a way to conserve water and reduce utility bills.

“August is National Water Quality Month, so it’s a perfect time for homeowners to learn how choosing an eco-friendly plumber can significantly improve your home’s water quality and save you money in the process,” said Michael Petri, owner of Petri Plumbing, Heating, Cooling & Drain Cleaning. “The goal of green plumbing technology is to help our customers make informed decisions about their water use and plumbing purchases. By adopting sustainable practices, homeowners can boost efficiency while supporting their long-term financial goals.”

Petri said that green plumbing:

• Enhances water quality: By using filtration systems and sustainable materials like PEX piping and reducing the use of chemical drain cleaners, homeowners can remove contaminants, prevent corroded pipes and refrain from contaminating other water sources. This results in cleaner and healthier water.
• Improves water efficiency: Switching to low-flow faucets and toilets, installing tankless or solar water heating systems, and implementing systems like rainwater harvesting and grey water recycling for non-potable purposes can save homeowners money. Low-flow toilets can save the average homeowner 13,000 gallons of water per year, resulting in an annual savings of about $170, while installing a single, 55-gallon rain barrel can save up to 1,300 gallons of water each year, according to the U.S. Environmental Protection Agency.
• Prevents leaks and reduces heat loss: Smart plumbing solutions, such as installing water leak detectors and properly insulating hot water pipes, can not only save money on utility costs but also protect homes from water damage and heat loss.

“Try to imagine life without easy access to clean water,” Petri said. “Our lives would be totally different, and not for the better. It’s up to us to do our part to reduce the amount of pollutants that get into our drinking water and consider the small things we do that negatively affect water quality. Don’t just fix your leaks, fix your water quality and your water bill.”

For more information about Petri Plumbing, Heating, Cooling & Drain Cleaning, visit https://www.petriplumbing.com/, or to schedule service, call (718) 717-1089.

About Petri Plumbing, Heating, Cooling & Drain Cleaning

Petri Plumbing, Heating, Cooling & Drain Cleaning is a family owned and operated business serving Brooklyn, Queens, Manhattan and Staten Island. Founded in 1906, the company offers a 100% guarantee on all services, upfront pricing, 24/7 emergency hours, and friendly and knowledgeable service experts ready to assist you at your home and business. From service, maintenance, replacement and installation, Petri is there for all of your plumbing, heating, cooling & drain cleaning needs. For more information, please visit www.petriplumbing.com or call (718) 717-1089.

View original content to download multimedia:https://www.prnewswire.com/news-releases/new-york-city-plumbers-offer-tips-to-save-water-and-cut-utility-costs-302535181.html

SOURCE Petri Plumbing & Heating, Inc.

KITCHENER, ON, Aug. 21, 2025 /PRNewswire/ — Canadian Solar Inc. (“Canadian Solar” or the “Company”) (NASDAQ: CSIQ) today announced financial results for the second quarter ended June 30, 2025.

Second Quarter Highlights

• 14% quarter-over-quarter (“qoq”) increase in solar module shipments to 7.9 GW, within guidance of 7.5 GW to 8.0 GW.
• 29.8% gross margin, exceeding guidance of 23% to 25%.
• Released the 2024 Sustainability Report on May 29, 2025, with updated disclosures aligned to global reporting standards.

Dr. Shawn Qu, Chairman and CEO, commented, “We delivered a second quarter largely in line with expectations. While revenue came in below guidance due to storage shipments shifting to the second half and delays in certain project sales, gross margin exceeded expectations, driven by a higher mix of North America module shipments and robust storage volumes. Following the surge in installations in China during the first half, we expect demand to normalize as the market adjusts to a new paradigm. We remain focused on navigating the uncertain policy environment with a focus on risk management and sustainable profitability.”

Yan Zhuang, President of Canadian Solar’s subsidiary CSI Solar, said, “In the second quarter, we delivered module shipments near the high end of guidance. Despite tariff headwinds, e-STORAGE achieved one of its strongest quarters. With solar supply chain pricing trending higher and storage margins normalizing, we expect margin pressure in the second half. We remain focused on strategically managing module volumes to less profitable markets and growing our storage volumes globally. Meanwhile, we continue to build emerging profitability drivers such as our residential energy storage systems and bundled sales solutions.”

Ismael Guerrero, CEO of Canadian Solar’s subsidiary Recurrent Energy, said, “Revenue and profitability in the second quarter were sequentially lower, primarily due to lighter project sales. We monetized over 200 MW of projects in Europe and Japan, including our first and profitable sale of a battery energy storage project in Italy, while a project sale in Latin America shifted to the second half of the year. Overall, we expect our electricity sales revenue to grow steadily, as we enhance the performance of our existing IPP portfolio and advance construction in our target markets, with more meaningful contributions expected next year.”

Xinbo Zhu, Senior VP and CFO, added, “In the second quarter, we delivered $1.7 billion in revenue and a gross margin of 29.8%. Non-recurring operating expenses, including impairments to projects and manufacturing assets, reduced profitability, resulting in net income attributable to shareholders of $7 million, or a net loss of $0.08 per diluted share. We continue to manage cash flow prudently, prioritizing disciplined capital deployment. Operating cash inflow was $189 million, and we ended the quarter with a cash position of $2.3 billion.”

Second Quarter 2025 Results

Total module shipments recognized as revenues in Q2 2025 were 7.9 GW, up 14% quarter-over-quarter (“qoq”) and down 4% year-over-year (“yoy”). Of the total, 672 MW were shipped to the Company’s own utility-scale solar power projects.

Net revenues were $1.7 billion in Q2 2025, up 42% sequentially and 4% yoy, mainly due to higher sales of battery energy storage systems and solar modules.

Gross profit was $505 million, compared to $140 million in Q1 2025 and $282 million in Q2 2024. Gross margin was 29.8%, compared to 11.7% and 17.2%, respectively. The gross margin sequential and yoy increases were primarily driven by a release of unrealized profit upon sales-type leasing of a U.S. project, higher margin contribution from battery energy storage systems, and the benefit from a U.S. anti-dumping (“AD”) and countervailing duty (“CVD”) true-up adjustment.

Operating expenses were $378 million, up from $195 million in Q1 2025 and $234 million in Q2 2024. The increase was primarily caused by impairment charges related to certain solar and storage assets, as well as manufacturing assets. Operating expenses represented 22.3% of revenue, compared to 16.3% in Q1 2025 and 14.3% in Q2 2024.

Net income attributable to Canadian Solar in accordance with generally accepted accounting principles in the United States of America (“GAAP”) in Q2 2025 was $7 million, or a net loss of $0.08 per diluted share, compared to a net loss of $34 million, or $0.69 per diluted share, in the Q1 2025, and net income of $4 million, or $0.02 per diluted share, in Q2 2024.

Adjusted net loss attributable to Canadian Solar Inc. (non-GAAP) was $23 million, and adjusted loss per share – diluted was $0.53 per share in Q2 2025, compared to an adjusted net loss of $60 million or adjusted $1.07 per share in Q1 2025, and a net income of $4 million or $0.02 per share in Q2 2024. Adjusted net loss attributable to Canadian Solar Inc. and adjusted loss per share – diluted in Q2 2025 and Q1 2025 exclude the recognition of income using hypothetical liquidation at book value (“HLBV”) method. The Company uses the HLBV method to attribute income and loss to its tax equity investors. Please see Recurrent Energy – HLBV for definition and About Non-GAAP Financial Measures for reconciliation to nearest GAAP measures.

Net cash flow provided by operating activities in Q2 2025 was $189 million, driven by changes in working capital, specifically a decrease in inventories, compared to net cash flow used in operating activities of $264 million in Q1 2025 and $429 million in Q2 2024.

Total debt, including financing liabilities, was $6.3 billion as of June 30, 2025, including $2.5 billion, $3.5 billion, and $0.3 billion related to CSI Solar, Recurrent Energy, and convertible notes, respectively. Total debt rose from $5.7 billion as of March 31, 2025, mainly due to new borrowings for development of projects and operational assets. Total non-recourse debt as of June 30, 2025, was $1.8 billion.

Business Segments

The Company operates in two reportable segments: CSI Solar, focused on solar modules and battery energy storage manufacturing and products, and Recurrent Energy, focused on utility-scale solar power and battery energy storage project development and operation.

Recurrent Energy

As of June 30, 2025, the Company held a leading position with a total global solar project development pipeline of approximately 27 GWp and a battery energy storage project development pipeline of 80 GWh.

The business model consists of three key drivers:

• Electricity revenue from operating portfolio to drive stable, diversified cash flows in growth markets with stable currencies, with some project ownership sales to manage cash flow and debt level;
• Asset sales (solar power and battery energy storage) in the rest of the world to drive cash-efficient growth model, as value from project sales will help fund growth in operating assets in stable currency markets; and
• Power services (O&M) through long-term operations and maintenance (“O&M”) contracts, currently with nearly 14 GW of contracted projects, to drive stable and long-term recurring earnings and synergies with the project development platform.

Project Development Pipeline – Solar

As of June 30, 2025, the Company’s total solar project development pipeline was 27.3 GWp, including 2.0 GWp under construction, 4.2 GWp of backlog, and 21.1 GWp of projects in advanced and early-stage development, defined as follows:

• Backlog projects are late-stage projects that have passed their risk cliff date and are expected to start construction in the next 1-4 years. A project’s risk cliff date is the date on which the project passes the last high-risk development stage and varies depending on the country where it is located. Typically, this occurs after the project has received all the required environmental and regulatory approvals, and entered into interconnection agreements and offtake contracts, including feed-in tariff (“FIT”) arrangements and power purchase agreements (“PPAs”). A significant majority of backlog projects are contracted (i.e., have secured a PPA or FIT), and the remaining have a reasonable assurance of securing PPAs.
• Advanced pipeline projects are mid-stage projects that have secured or have more than 90% certainty of securing an interconnection agreement.
• Early-stage pipeline projects are early-stage projects controlled by the Company that are in the process of securing interconnection.

While the magnitude of the Company’s project development pipeline is an important indicator of potential expanded power generation and battery energy storage capacity as well as potential future revenue growth, the development of projects in its pipeline is inherently uncertain. If the Company does not successfully complete the pipeline projects in a timely manner, it may not realize the anticipated benefits of the projects to the extent anticipated, which could adversely affect its business, financial condition, or results of operations. In addition, the Company’s guidance and estimates for its future operating and financial results assume the completion of certain solar projects and battery energy storage projects that are in its pipeline. If the Company is unable to execute on its actionable pipeline, it may miss its guidance, which could adversely affect the market price of its common shares and its business, financial condition, or results of operations.

HLBV

The Company applies the HLBV method to account for its contractual relationships with tax equity investors in U.S. solar energy and battery energy storage projects. This method which allocates income or loss attributable to redeemable noncontrolling interests reflects the changes in the amounts that tax equity investors would hypothetically receive upon liquidation at the beginning and end of each reporting period, after considering any capital transactions, such as contributions or distributions, between our subsidiaries and tax equity investors.

The following table presents the Company’s total solar project development pipeline.

 

Project Development Pipeline – Battery Energy Storage

As of June 30, 2025, the Company’s total battery energy storage project development pipeline was 80.2 GWh, including 6.4 GWh under construction and in backlog, and 73.8 GWh of projects in advanced and early-stage development.

The table below sets forth the Company’s total battery energy storage project development pipeline.

 

CSI Solar

Solar Modules and Solar System Kits

CSI Solar shipped 7.9 GW of solar modules and solar system kits to more than 70 countries in Q2 2025. The top five markets ranked by shipments were the U.S., China, Pakistan, Spain, and Australia.

CSI Solar’s revised manufacturing capacity expansion targets are set forth below.

 

e-STORAGE: Battery Energy Storage Solutions

As of June 30, 2025, e-STORAGE contracted backlog, including contracted long-term service agreements, was $3 billion. These are signed orders with contractual obligations to customers, providing significant earnings visibility over a multi-year period.

The table below sets forth e-STORAGE’s manufacturing capacity expansion targets.

 

Business Outlook

The Company’s business outlook is based on management’s current views and estimates given factors such as existing market conditions, order book, production capacity, input material prices, foreign exchange fluctuations, the anticipated timing of project sales, and the global economic environment. This outlook is subject to uncertainty with respect to, among other things, customer demand, project construction and sale schedules, product sales prices and costs, supply chain constraints, and geopolitical conflicts. Management’s views and estimates are subject to change without notice.

In Q3 2025, the Company expects total revenue to be in the range of $1.3 billion to $1.5 billion. Gross margin is expected to be between 14% and 16%. Total module shipments recognized as revenues by CSI Solar are expected to be in the range of 5.0 GW to 5.3 GW. Total battery energy storage shipments by CSI Solar in Q3 2025 are expected to be in the range of 2.1 GWh to 2.3 GWh, including approximately 250 MWh to the Company’s own projects.

For the full year of 2025, the Company expects CSI Solar’s total module shipments to be in the range of 25 GW to 27 GW, including approximately 1 GW to the Company’s projects. CSI Solar’s total battery energy storage shipments are expected to be in the range of 7 GWh to 9 GWh, including approximately 1 GWh to the Company’s own projects. The Company’s total revenue is expected to be in the range of $5.6 billion to $6.3 billion.

Dr. Shawn Qu, Chairman and CEO, commented, “We expect third quarter margins to moderate as difficult market conditions persist, and storage profitability reflects more recent orders at normalized levels. We narrowed our full year module volume guidance and maintained our storage volume guidance, supported by increased visibility into the second half. Full year revenue expectations have been adjusted to reflect certain project sales shifting into 2026 and a more measured view on module pricing. The second half will remain challenging, with rising solar supply chain prices and ongoing trade uncertainties. We will continue to navigate these conditions with discipline, maintaining a prudent balance between growth and profitability.”

Recent Developments

Canadian Solar

On May 29, 2025, Canadian Solar announced the publication of its 2024 Sustainability Report, which highlights the Company’s sustainability strategy and performance, including progress towards achieving its sustainability goals. The sustainability disclosures in the report are aligned with the global standards set by the SASB and GRI, with reference to the IFRS set by the ISSB.

CSI Solar

On July 16, 2025, Canadian Solar announced its residential energy storage system, EP Cube, designed by its subsidiary, Eternalplanet, won the prestigious Red Dot Award 2025. This award recognizes EP Cube as one of the most well-designed residential energy storage products globally. Earlier this year, EP Cube also received several other international design awards, including the If Design Award and MUSE Design Award Gold.  

On June 3, 2025, Canadian Solar announced the completion of Large-Scale Fire Testing for its SolBank 3.0 energy storage system. The successful test demonstrated that SolBank 3.0 meets key fire safety criteria by containing thermal events within a single enclosure, providing enhanced safety assurance for utility-scale deployments.

Recurrent Energy

On July 17, 2025, Canadian Solar announced it closed project financing and tax equity for Blue Moon Solar located in Harrison County, Kentucky. U.S. Bank, through its subsidiary U.S. Bancorp Impact Finance, is providing both tax equity and construction financing for the project, totaling $260 million. Constellation will purchase power and renewable energy certificates produced by the 94 MW energy facility. Blue Moon Solar is currently under construction and expected to reach commercial operation in 2026. Recurrent Energy will own and operate the project after it is energized.

On July 7, 2025, Canadian Solar announced that the 1,200 MWh Papago Storage facility in Maricopa County, Arizona, has reached commercial operation. The project is now dispatching stored energy to Arizona Public Service (APS), the state’s largest electric utility. Papago Storage is the first of three Recurrent Energy projects with tolling agreements in place with APS to become operational.

Conference Call Information

The Company will hold a conference call on Thursday, August 21, 2025, at 8:00 a.m. U.S. Eastern Time (8:00 p.m., Thursday, August 21, 2025, in Hong Kong) to discuss the Company’s second quarter 2025 results and business outlook. The dial-in phone number for the live audio call is +1-877-704-4453 (toll-free from the U.S.), 800 965 561 (from Hong Kong), +86 400 120 2840 (local dial-in from Mainland China) or +1-201-389-0920 from international locations. The conference ID is 13755040. A live webcast of the conference call will also be available on the investor relations section of Canadian Solar’s website at www.canadiansolar.com.

A replay of the call will be available after the conclusion of the call until 11:00 p.m. U.S. Eastern Time on Thursday, September 4, 2025 (11:00 a.m. September 5, 2025, in Hong Kong) and can be accessed by dialing +1-844-512-2921 (toll-free from the U.S.) or +1-412-317-6671 from international locations.  The replay pin number is 13755040. A webcast replay will also be available on the investor relations section of Canadian Solar’s website at www.canadiansolar.com.

About Canadian Solar Inc.

Canadian Solar is one of the world’s largest solar technology and renewable energy companies. Founded in 2001 and headquartered in Kitchener, Ontario, the Company is a leading manufacturer of solar photovoltaic modules; provider of solar energy and battery energy storage solutions; and developer, owner, and operator of utility-scale solar power and battery energy storage projects. Over the past 24 years, Canadian Solar has successfully delivered nearly 165 GW of premium-quality, solar photovoltaic modules to customers across the world. Through its subsidiary e-STORAGE, Canadian Solar has shipped over 13 GWh of battery energy storage solutions to global markets as of June 30, 2025, boasting a $3 billion contracted backlog as of June 30, 2025. Since entering the project development business in 2010, Canadian Solar has developed, built, and connected approximately 12 GWp of solar power projects and 6 GWh of battery energy storage projects globally. Its geographically diversified project development pipeline includes 27 GWp of solar and 80 GWh of battery energy storage capacity in various stages of development. Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.

Safe Harbor/Forward-Looking Statements

Certain statements in this press release, including those regarding the Company’s expected future shipment volumes, revenues, gross margins, and project sales are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the “Safe Harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as “may”, “will”, “expect”, “anticipate”, “future”, “ongoing”, “continue”, “intend”, “plan”, “potential”, “prospect”, “guidance”, “believe”, “estimate”, “is/are likely to” or similar expressions, the negative of these terms, or other comparable terminology. These forward-looking statements include, among other things, our expectations regarding global electricity demand and the adoption of solar and battery energy storage technologies; our growth strategies, future business performance, and financial condition; our transition to a long-term owner and operator of clean energy assets and expansion of project pipelines; our ability to monetize project portfolios, manage supply chain fluctuations, and respond to economic factors such as inflation and interest rates; our outlook on government incentives, trade measures, regulatory developments, and geopolitical risks; our expectations for project timelines, costs, and returns; competitive dynamics in solar and storage markets; our ability to execute supply chain, manufacturing, and operational initiatives; access to capital, debt obligations, and covenant compliance; relationships with key suppliers and customers; technological advancement and product quality; and risks related to intellectual property, litigation, and compliance with environmental and sustainability regulations. Other risks were described in the Company’s filings with the Securities and Exchange Commission, including its annual report on Form 20-F filed on April 30, 2025. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today’s date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.

Investor Relations Contact:

 

 

 

 

The following table summarizes the revenues generated from each product or service.

 

 

 

 

 

 

 

 

 

 

 

 

About Non-GAAP Financial Measures

This press release also contains adjusted net income (loss) attributable to Canadian Solar Inc. and adjusted earnings (loss) per share – diluted that are not determined in accordance with GAAP. These non-GAAP financial measures should not be considered as an alternative to net income (loss) attributable to Canadian Solar Inc. or earnings (loss) per share, respectively, each of which is an indicator of financial performance determined in accordance with GAAP. Adjusted net income (loss) attributable to Canadian Solar Inc. and adjusted earnings (loss) per share – diluted exclude from net income (loss) attributable to Canadian Solar Inc. and earnings (loss) per share certain items that the Company does not consider indicative of its ongoing financial performance such as the effects of HLBV method to account for its tax equity arrangements. Management uses these non-GAAP financial measures to facilitate the analysis and communication of the Company’s financial performance as compared to its previous financial results. Management believes that these non-GAAP financial measures are also useful and meaningful to investors to facilitate their analysis of the Company’s financial performance. These non-GAAP measures may differ from non-GAAP measures used by other companies, and therefore their comparability may be limited.

The table below provides a reconciliation of our GAAP net income (loss) to non-GAAP financial measures.

 

View original content:https://www.prnewswire.com/news-releases/canadian-solar-reports-second-quarter-2025-results-302535645.html

SOURCE Canadian Solar Inc.

Frost & Sullivan, the global Growth Pipeline Company, is proud to announce a strategic knowledge partnership with Building. Technology. Solutions. – the industry content hub of Messe Frankfurt – as well as with Light + Building and ISH, the leading international trade fairs for their respective sectors. This collaboration marks a new milestone in driving cross-industry insight, innovation, and transformation across the built environment.

LONDON, Aug. 21, 2025 /PRNewswire/ — Frost & Sullivan is joining forces with Building. Technology. Solutions., Light + Building, the premier event for lighting and building services technology, and ISH, the world’s leading trade fair for HVAC + Water, to provide deep, actionable insights to audiences, participants, and industry stakeholders around the globe.

This partnership will deliver impactful thought leadership through curated content focused on critical themes such as sustainability, smart infrastructure, decarbonisation, digital building technologies, and future business models that are driving transformational growth.

The shift towards climate-neutral buildings, intelligent energy management, and smart living is transforming sectors from construction to home automation. Fuelled by innovation and sustainability, the smart building sector is advancing rapidly. AI, IoT, and analytics are enabling integrated, energy-efficient systems, while predictive maintenance boosts performance and cybersecurity ensures resilience. Emerging technologies and cross-industry collaboration are redefining the built environment – making buildings smarter, greener, and more connected.

Frost & Sullivan estimates the global smart building sector will exceed $50 billion by 2030.

Kamal Shah, Associate Partner & Head of DACH Region at Frost & Sullivan, said:

“Sustainable, connected infrastructure is no longer optional – it’s the new baseline. Through this partnership, we aim to empower businesses to understand the macro forces reshaping their industries and to make smarter, faster decisions.”

“By combining Frost & Sullivan’s global analytics expertise with the reach of ISH in the fields of water, heating and air, and Light + Building’s focus on lighting, building services technologies and connected security, we are creating a knowledge-sharing platform that will elevate the conversation and catalyse future growth,” he added.

Johannes Möller, Group Show Director – Building Technologies Shows at Messe Frankfurt, commented:

“We are delighted to formalise our collaboration with Frost & Sullivan and bring their comprehensive industry expertise into the heart of our two international trade fairs. Their insight into emerging trends, policy landscapes, and innovation drivers will provide valuable strategic orientation to our exhibitors and visitors alike. This partnership will play a vital role in shaping the future direction of Light + Building and ISH, and these insights are also available year-round on Building. Technology. Solutions. – the information platform of Messe Frankfurt for intelligent building technology.”

As a Global Knowledge Partner, Frost & Sullivan is excited to actively contribute to the knowledge enrichment at Messe Frankfurt’s building technologies shows through custom insights, market intelligence and strategic foresight to members of the Messe Frankfurt community to navigate evolving market dynamics.

Exclusive Offer
Frost & Sullivan is offering attendees and partners of ISH and Light + Building a 20% discount on select Energy & Environment and Smart Buildings Growth Opportunity Analytics via the company’s Online Store.

About Frost & Sullivan
Frost & Sullivan, the growth pipeline company, enables clients to accelerate their growth and achieve best-in-class positions in growth, innovation, and leadership. The company’s Growth Pipeline as a Service provides the CEO’s Growth Team with transformational strategies and best-practice models to drive the generation, evaluation, and implementation of powerful growth opportunities. Let us be your growth coach on this transformational journey, as we actively support you in fostering collaborative initiatives within your industry’s ecosystem.

Your Transformational Growth Journey Starts Here: Schedule Your Growth Pipeline Dialog™ with the Frost & Sullivan Team

Contact:
Kristina Menzefricke
Tel.: +44 (0)20 331 01228
kristina.menzefricke@frost.com 

Building. Technology. Solutions.
Industry Insights 24/7 – One platform, all trends. Get fresh ideas from the world of smart building technology. Relevant. Neutral. Customisable: Building. Technology. Solutions.

Light + Building
Light + Building is the world’s leading trade fair for lighting and building services technology. It covers everything from smart lighting design to integrated building automation, bringing together architects, designers, engineers, and industry experts from across the globe. www.light-building.com

About ISH
ISH is the world’s leading trade fair for HVAC + Water. It addresses the growing demand for comfort, convenience, individualisation, well-being and aesthetics, presenting integrated solutions that contribute significantly to energy-efficient and resource-friendly building systems. The event brings together all key target groups, from installers, planners and the industry to architects, the construction sector, investors and local authorities. www.ish.messefranfurt.com

Background information on Messe Frankfurt
www.messefrankfurt.com/background-information

Sustainability at Messe Frankfurt
www.messefrankfurt.com/sustainability-information

View original content:https://www.prnewswire.com/news-releases/messe-frankfurt-and-frost–sullivan-launch-strategic-knowledge-partnership-to-accelerate-growth-and-innovation-in-smart-sustainable-infrastructure-302532994.html

SOURCE Frost & Sullivan

– Fukushima’s Second Wetland to be Recognized for International Importance –

FUKUSHIMA, Japan, Aug. 21, 2025 /PRNewswire/ — Aizuwakamatsu City, Koriyama City, Inawashiro Town, and Fukushima Prefecture have cooperated to see Lake Inawashiro registered under the Ramsar Convention. As of July 15, 2025, the process has been concluded to place Lake Inawashiro on the list of registered wetlands of international importance under the convention. This makes it the 54th such location in Japan and the second after Oze, in Fukushima Prefecture.

The registration was officially awarded on July 26 (Sat.), during the Ramsar Convention’s 15th Meeting of the Conference of the Contracting Parties (COP15 of the Ramsar Convention), held in the Republic of Zimbabwe, Africa.

– Summary of the Registration

Registered name: Lake Inawashiro

Local municipalities: Aizuwakamatsu City, Koriyama City, Inawashiro Town

Area: 10,960 ha

Status of preservation: Preserved as part of Bandai-Asahi National Park

Status of registration: 54th in Japan, 2nd in Fukushima Prefecture, following Oze

– Summary of COP15 of the Ramsar Convention

Period: July 23 (Wed.)-July 31 (Thu.) *Local time

Venue: Victoria Falls, Republic of Zimbabwe

Award ceremony and more: PR and other undertakings for Lake Inawashiro were conducted during side events etc. held by the Japanese Ministry of the Environment on July 26 (Sat., local time 13:30-, Japan time 20:30-). Afterward, discussions were held with the Ramsar Convention’s Secretary General, and registration certificates were awarded to the three municipalities, as well as the prefecture.

Participants: Aizuwakamatsu City Director of Citizen Affairs, Koriyama City Director of the Environment, Inawashiro Town Department Chief and Advisor for the Department of Financial Planning, Fukushima Prefecture Department of Nature Conservation Director, and others.

What is the Ramsar Convention?

The Ramsar Convention is an international agreement adopted in Ramsar, Iran, in 1971, aiming to conserve wetlands and waterfowl habitats. In order to balance conservation with the lives and livelihoods of local people, it champions “wise use” of wetlands, valuing exchange, nurturing relevant skill sets, education, participation, and raising awareness. Lake Inawashiro was recognized for its connection with local ecosystems and its value as a migration spot for waterfowl, which led to its registration.

Photo: Lake Inawashiro/Urabandai Lake photo contest award winners: https://cdn.kyodonewsprwire.jp/prwfile/release/M108780/202508073368/_prw_PI1fl_Fl9M572R.png 

Lake Inawashiro’s traits

Lake Inawashiro is the 4th largest lake in Japan, and with its rich aquatic habitat, it is known as home to many wild birds and aquatic plants.

Shallows are particularly widespread on the northern shore, and the lake’s wide area and significant depth lead to the water temperature decreasing less in winter, which in turn means the lake does not freeze. Due to this, it is a valuable spot for ducks and swans to winter. Further, Lake Inawashiro and its surroundings are home to 197 different species of fauna, including 111 species of birds.

As for flora, over 100 species of aquatic plants grow here, and it is also the largest national habitat for fringed water lilies. A total of 705 species of ground plants have been confirmed on the lake’s shores, making this an important location for conserving biodiversity in the region.

The lake water is used for hydroelectric power, irrigation, and supplying both Aizuwakamatsu City and Koriyama City with water. Additionally, the inflowing rivers create multiple sand beaches near the river mouths, creating the distinctive “hakusha seisho” (white beach, green pine trees) vistas represented by Tenjinhama Beach and others. This beautiful natural view makes it one of Fukushima Prefecture’s more major tourism destinations, as well as a site for swimming in the lake and other water-related activities. The lakeside is used as a camping site and also contributes greatly to developing the regional economy.

Future plans

With registration under the Ramsar Convention completed, the prefectural government and local municipalities anticipate not only growing awareness about the conservation of Lake Inawashiro’s environment, but an increase in visitors due to greater international renown, as well as bringing visitors to the lake for educational purposes, both as part of schooling and beyond it. Going forward, the prefectural government will join forces with local municipalities and various relevant groups to ensure that Lake Inawashiro’s beauty and bounty are preserved for the future, treating the lake as the priceless prefectural treasure that it is.

Other materials: https://cdn.kyodonewsprwire.jp/prwfile/release/M108780/202508073368/_prw_PI2fl_xTD6di5U.png 

Photo (receiving the registration certificate at COP15): https://cdn.kyodonewsprwire.jp/prwfile/release/M108780/202508073368/_prw_PI3fl_x6FE7mlY.png 

Photo (Lake Inawashiro PR etc.): https://cdn.kyodonewsprwire.jp/prwfile/release/M108780/202508073368/_prw_PI4fl_5hTN7QZ1.png 

View original content:https://www.prnewswire.com/news-releases/lake-inawashiro-in-fukushima-prefecture-registered-as-wetlands-under-ramsar-convention-302535254.html

SOURCE Fukushima Prefecture Department of Conservation

The European Commission has launched a new Communication Toolkit to help tourism destinations and stakeholders across the EU promote sustainable tourism and responsible travel.

BRUSSELS, Aug. 21, 2025 /PRNewswire/ — Part of the Sustainable EU Tourism – Shaping the Tourism of Tomorrow initiative, the toolkit supports destinations in their communication efforts as they lead the green and digital transition of tourism in Europe. With ready-made content and real-world success stories, it gives tourism actors the tools they need to align their outreach with the EU’s broader sustainability goals.

A timely resource for a changing sector
As the tourism sector works to recover and evolve after the COVID-19 pandemic, there is growing momentum to rethink how we travel, develop destinations and engage visitors. The European Commission’s initiative and its accompanying toolkit aim to empower destinations to lead this shift and communicate it effectively to both travellers and peers.

The launch follows the European Commission’s second stocktaking report on the Transition Pathway for Tourism. Three years after its launch, the report highlights real progress across all action areas, driven by the strong engagement of tourism stakeholders across Europe.

So far, 240 organisations have made over 500 pledges in support of sustainable, digital and resilient tourism. Many pledges focus on the green transition, such as the CopenPay initiative by Wonderful Copenhagen, which rewards sustainable tourist behaviour with cultural experiences. This momentum will feed into the upcoming EU Sustainable Tourism Strategy, set to be developed with citizen and stakeholder input. Citizens can give their feedback on the Commission’s public consultation until 12 September 2025. Stakeholders can also contribute to the Commission’s call for evidence.

What’s inside the toolkit?
The toolkit contains a suite of free, downloadable materials that can be adapted for local use and audiences: a project overview, the compilation of real-world examples from destinations leading on sustainability, an infographic with practical tips for responsible travel, social media posts and visual assets and four destination success stories with accompanying visuals.

These resources are designed for use by destination management organisations (DMOs), local authorities, tourism boards and other stakeholders promoting sustainable tourism, with content tailored for both professional and traveller-facing communications.

Tourism professionals are encouraged to download and integrate the content into their communication strategies, whether in newsletters, online campaigns, public presentations or stakeholder engagement.

The full communication toolkit is now available at: https://transport.ec.europa.eu/tourism/communication-toolkit_en

About Sustainable EU Tourism – Shaping the Tourism of Tomorrow
The Sustainable EU Tourism project supports the EU’s tourism priorities by promoting collaboration, sustainable practices, and resilience in the tourism sector. With over 200 participating destinations and extensive research, this initiative aims to transform European tourism, ensuring long-term benefits for both local communities and the environment. The project has compiled a collection of best practices from 50 destinations across Europe, ready for download here.

Follow us on LinkedIn for all the latest news on Sustainable EU Tourism – Shaping the Tourism of Tomorrow.

For press inquiries, please contact:
Myrsini Karamanli | myrsini.karamanli@s-f.com | +49 30 166352565

View original content:https://www.prnewswire.com/news-releases/new-eu-toolkit-helps-tourism-stakeholders-communicate-sustainability-effectively-302534882.html

SOURCE Sustainable EU Tourism