Month: August 2025

One year after breaking ground, Deep Sky achieves a global milestone in carbon removal

INNISFAIL, AB, Aug. 20, 2025 /PRNewswire/ — Deep Sky, Canada’s leading carbon removal project developer, today announced that Deep Sky Alpha has officially begun operations, marking the successful start of carbon removal and North America’s first-ever sequestration of CO₂ captured directly from the atmosphere.

Located on 5 acres in an industrial park in Innisfail, Alberta, Deep Sky Alpha went from breaking ground to operational in just 12 months, demonstrating rapid deployment of climate infrastructure. The facility brings together multiple direct air capture (DAC) technologies, enabling scale, speed, and innovation. Alpha allows for real-world operations and optimization of multiple technologies under identical conditions, accelerating the industry’s path to cost-effective, scalable carbon removal.

“This is a defining moment, not just for Deep Sky, but for the global carbon removal industry,” said Alex Petre, Deep Sky CEO. “In just one year, we went from breaking ground to pulling carbon from the sky and locking it underground for good. Companies around the world are looking for high-quality, durable carbon removal to offset carbon footprints. With Deep Sky Alpha, we’re proving that it’s not only possible, it’s here.”

With this milestone, Deep Sky Alpha becomes the first DAC facility in North America to sequester CO₂ underground. The CO₂ captured at Deep Sky Alpha is permanently stored underground in deep geological formations called saline aquifers, which are abundant in Alberta, making it a key solution for hard-to-abate emissions and net zero commitments.

“Alberta continues to lead the way in attracting world-class innovation and this is an example of another company that has chosen Alberta because of our skilled workforce, strong regulatory system, and commitment to responsible development,” said Rebecca Schulz, Minister of Environment and Protected Areas. “We’re proud to see companies investing here — and proving once again that Alberta is the best place in the world to build, innovate, and grow.”

Captured CO₂ comes from multiple Direct Air Capture units on site from all around the world – with additional units being installed this fall and room for up to 10 units total. Featured units that are currently commissioning include UK based Airhive and Mission Zero Technologies, and Quebec based Skyrenu. Subsequent DAC units will be installed this fall and winter.

Deep Sky Alpha’s strategic location in Innisfail, Alberta provides access to renewable power and proximity to permanent geological storage. The facility, entirely powered by solar energy, will capture 3,000 tonnes of CO₂ annually. The project has generated more than 110 construction jobs and will employ approximately 15 full-time operators. Monitoring of Alpha’s capture and sequestration progress will be conducted on an ongoing basis using proprietary software and be available on Deep Sky’s website.

Deep Sky Alpha represents the first step in a worldwide carbon removal effort being developed by Deep Sky, with large-scale projects already underway across Alberta, Quebec, and beyond. The milestone builds on Deep Sky’s recent $40 million grant from Breakthrough Energy Catalyst and carbon removal credit purchase agreements with buyers including Microsoft and Royal Bank of Canada.

Deep Sky helps enterprises meet their decarbonization commitments through high integrity carbon removal credits used to offset company emissions. While credits for Deep Sky Alpha are already pre-sold, buyers interested in reserving credits from subsequent commercial projects can reach out to sales@deepskyclimate.com. 

About Deep Sky
Montreal-based Deep Sky is the world’s first tech-agnostic carbon removal project developer aiming to remove gigatons of carbon from the atmosphere and permanently store it underground. As a project developer, Deep Sky brings together the most promising direct air and ocean carbon capture companies under one roof to bring the largest supply of high quality carbon credits to the market, commercializing and catalyzing carbon removal and storage solutions like never before. With $130M in funding, Deep Sky is backed by world class investors including Investissement Québec, Brightspark Ventures, Whitecap Venture Partners, OMERS Ventures, BDC Climate Fund, Breakthrough Energy Catalyst, BMO, National Bank of Canada, and more. For more information, visit deepskyclimate.com.

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SOURCE Deep Sky

NASDAQ:EU
TSXV:EU
www.encoreuranium.com

DALLAS, Aug. 20, 2025 /PRNewswire/ – enCore Energy Corp. (NASDAQ: EU) (TSXV: EU) (the “Company” or “enCore”), America’s Clean Energy Company™, announced today the pricing of $100 million aggregate principal amount of 5.50% Convertible Senior Notes due 2030 (the “Convertible Notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The offering was upsized from the previously announced offering size of $75 million aggregate principal amount of Convertible Notes. In connection with the offering of the Convertible Notes, enCore granted the initial purchasers of the Convertible Notes a 13-day right to purchase up to an additional $15 million aggregate principal amount of Convertible Notes. The sale of the Convertible Notes is expected to close on August 22, 2025, subject to customary closing conditions.

The Convertible Notes will be senior unsecured obligations of enCore and will bear interest from, and including, August 22, 2025, at an annual rate of 5.50%, payable semi-annually in arrears on February 15 and August 15 of each year, beginning on February 15, 2026. The Convertible Notes will mature on August 15, 2030, unless earlier repurchased, redeemed or converted in accordance with their terms. Before May 15, 2030, holders will have the right to convert their Convertible Notes only upon the occurrence of certain events. At any time from, and including, May 15, 2030, noteholders may convert their notes at any time at their election until the close of business on the second scheduled trading day immediately before the maturity date. enCore will have the right to elect to settle conversions either in cash, common shares or in a combination of cash and common shares. The initial conversion rate is 303.9976 common shares per $1,000 principal amount of notes, which represents an initial conversion price of approximately $3.29 per common share. The initial conversion price represents a premium of 27.5% over the last reported sale price of $2.58 per common share on August 19, 2025 on The Nasdaq Capital Market. The conversion rate and conversion price will be subject to adjustment upon the occurrence of certain events.

The Convertible Notes will be redeemable, in whole or in part, for cash at enCore’s option at any time, and from time to time, on or after August 21, 2028, and on or before the 40th scheduled trading day immediately before the maturity date, enCore may redeem for cash all or any portion of the Convertible Notes, at its option, if the last reported sale price per common share exceeds 130% of the conversion price for a specified period of time. In addition, the Convertible Notes will be redeemable, in whole and not in part, at enCore’s option at any time in connection with certain changes in tax law. The redemption price will be equal to 100% of the principal amount of the Convertible Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the redemption date.

Holders of the Convertible Notes will be able to require enCore to repurchase their Convertible Notes following certain corporate transactions that constitute a “fundamental change” at a repurchase price equal to the principal amount of the Convertible Notes to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the repurchase date. Following certain corporate transactions that constitute a “fundamental change” or if enCore issues a notice of redemption, the Company will, in certain circumstances, increase the conversion rate for a holder that elects to convert its Convertible Notes in connection with such corporate transaction or notice of redemption.

enCore estimates that the net proceeds from the offering will be approximately $95.3 million (or approximately $109.8 million if the initial purchasers exercise their option to purchase additional Convertible Notes in full), after deducting the initial purchasers’ discounts and commissions and estimated offering expenses. The Company intends to use $10.0 million of the net proceeds from the Convertible Notes offering to pay the cost of entering into capped call transactions in connection with the Convertible Notes and approximately $10.6 million of the net proceeds from the Convertible Notes offering to repay amounts outstanding under its loan agreement. enCore intends to use the remainder of the net proceeds from the Convertible Notes offering for general corporate purposes. If the initial purchasers exercise their option to purchase additional Convertible Notes, enCore intends to use a portion of the additional net proceeds to pay the cost of entering into additional capped call transactions and the remainder of net proceeds for general corporate purposes.

The capped call transactions were privately negotiated with certain financial institutions (the “option counterparties”). The capped call transactions will cover, subject to anti-dilution adjustments, the number of common shares initially underlying the Convertible Notes, including any additional Convertible Notes issuable upon exercise of the initial purchasers’ option to purchase additional Convertible Notes.

The cap price of the capped call transactions will initially be $4.52 per share, which represents a premium of 75% over the last reported sale price of enCore’s common shares of $2.58 per share on The Nasdaq Capital Market on August 19, 2025, and is subject to certain adjustments under the terms of the capped call transactions.

The capped call transactions are expected generally to reduce the potential dilution to enCore’s common shares upon any conversion of the Convertible Notes and/or offset any cash payments enCore is required to make in excess of the principal amount of converted Convertible Notes, as the case may be, with such reduction and/or offset subject to a cap.

In connection with establishing their initial hedges of the capped call transactions, the option counterparties or their respective affiliates expect to enter into various derivative transactions with respect to enCore’s common shares and/or purchase common shares concurrently with or shortly after the pricing of the Convertible Notes. This activity could increase (or reduce the size of any decrease in) the market price of the Company’s common shares or the Convertible Notes at that time.

In addition, the option counterparties or their respective affiliates expect to modify their hedge positions by entering into or unwinding various derivatives with respect to enCore’s common shares and/or purchasing or selling enCore’s common shares or other securities following the pricing of the Convertible Notes and prior to the maturity of the Convertible Notes (and are likely to do so during the observation period related to any conversions of the Convertible Notes on or after May 15, 2030, or following early termination of any portion of the capped call transactions in connection with any repurchase, redemption or early conversion of the Convertible Notes). This activity could also cause or avoid an increase or decrease in the market price of enCore’s common shares or the Convertible Notes, which could affect the holders’ ability to convert the Convertible Notes and, to the extent the activity occurs during any observation period related to a conversion of the Convertible Notes, it could affect the amount of cash and/or the number and value of common shares, if any, that holders will receive upon conversion of the Convertible Notes.

The Convertible Notes will be offered only to persons reasonably believed to be “qualified institutional buyers” under Rule 144A of the Securities Act. The Convertible Notes and enCore’s common shares issuable upon conversion of the Convertible Notes, if any, have not been and will not be registered under the Securities Act, or any state securities laws, or qualified by way of a prospectus in any province or territory of Canada. As a result, neither the Convertible Notes nor any common shares issuable upon conversion of the Convertible Notes may be offered or sold in the United States except pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws, and may not be offered or sold to persons located or resident in Canada except pursuant to an exemption from the prospectus requirements of applicable Canadian securities laws. This news release is neither an offer to sell nor a solicitation of an offer to buy the Convertible Notes or any common shares issuable upon conversion of the Convertible Notes, nor will there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

All references to dollar amounts contained in this press release are expressed in United States dollars.

About enCore Energy Corp.

enCore Energy Corp., America’s Clean Energy Company™, is committed to providing clean, reliable, and affordable fuel for nuclear energy as the only United States uranium company with multiple Central Processing Plants in operation. The enCore team is led by industry experts with extensive knowledge and experience in all aspects of ISR uranium operations and the nuclear fuel cycle. enCore solely utilizes ISR for uranium extraction, a well-known and proven technology co-developed by the leaders at enCore Energy.

Following upon enCore’s demonstrated success in South Texas, future projects in enCore’s planned project pipeline include the Dewey-Burdock project in South Dakota and the Gas Hills project in Wyoming. The Company holds other assets including non-core assets and proprietary databases. enCore is committed to working with local communities and indigenous governments to create positive impact from corporate developments.

www.encoreuranium.com 

Cautionary Note Regarding Forward Looking Statements

Neither 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.

Any statements contained in this press release that are not based on historical facts, including statements about the offering, the expected closing of the offering, the intended use of proceeds, third parties entering into or unwinding derivative transactions with respect to enCore’s common shares and/or purchasing or selling the Company’s common shares, and the potential impact of the capped call transactions and third parties entering into or unwinding derivative transactions with respect to the Company’s common shares and/or purchasing or selling the Company’s common shares on dilution to enCore’s shareholders or the offset of any cash payments enCore is required to make in excess of the principal amount of converted Convertible Notes, the market price of the Company’s common shares or the Convertible Notes or the initial conversion price of the Convertible Notes, constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and Canadian securities laws that are based on management’s current expectations, assumptions and beliefs. Forward-looking statements can often be identified by such words as “will”, “expects”, “plans”, “believes”, “intends”, “estimates”, “projects”, “continue”, “potential”, and similar expressions or variations (including negative variations) of such words and phrases, or statements that certain actions, events or results “may”, “could”, or “will” be taken. These forward-looking statements are predictions reflecting the best judgment of senior management and reflect our current expectations regarding the offering, the expected closing of the offering, the intended use of proceeds, third parties entering into or unwinding derivative transactions with respect to enCore’s common shares and/or purchasing or selling the Company’s common shares, and the potential impact of the capped call transactions and third parties entering into or unwinding derivative transactions with respect to enCore’s common shares and/or purchasing or selling the Company’s common shares on dilution to enCore’s shareholders or the offset of any cash payments enCore is required to make in excess of the principal amount of converted Convertible Notes, the market price of enCore’s common shares or the Convertible Notes or the initial conversion price of the Convertible Notes. These expectations may or may not be realized. Some of these expectations may be based on beliefs, assumptions or predictions that may prove to be incorrect. In addition, our business and operations involve numerous risks and uncertainties, many of which are beyond our control, which could result in our expectations not being realized or otherwise materially affect our business, financial condition, results of operations, cash flows and liquidity. Such risks and uncertainties include, but are not limited to, the risks related to whether enCore will consummate the offering of the Convertible Notes on the expected terms or at all, the anticipated terms of, and the effects of entering into, the capped call transactions, third parties entering into or unwinding derivative transactions with respect to enCore’s common shares and/or purchasing or selling enCore’s common shares, market and general conditions, and those described in greater detail in our filings with the Securities and Exchange Commission, particularly those described in our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Should one or more of these risks materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. The Company assumes no obligation to update the information in this communication, except as required by law. Additional information identifying risks and uncertainties is contained in filings by the Company with the respective securities commissions which are available online at www.sec.gov and www.sedarplus.ca.

Forward-looking statements are provided for the purpose of providing information about the current expectations, beliefs and plans of management. Such statements may not be appropriate for other purposes and readers should not place undue reliance on these forward-looking statements, that speak only as of the date hereof, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

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SOURCE enCore Energy Corp.

Driven by utility risk mitigation and rural electrification efforts, community microgrids are poised for 18.8% annual growth worldwide

BOULDER, Colo., Aug. 20, 2025 /PRNewswire/ — A new report from Guidehouse Research explores the growing global market for community microgrids and their increasing role in supporting energy resilience and access in remote or vulnerable areas.

For communities where access to reliable electricity is limited—whether due to geography, infrastructure gaps, or climate—community microgrids offer a flexible, cost-effective solution. These systems combine local energy generation, storage, and control to deliver resilient power, often with a lower carbon footprint than diesel or traditional grid infrastructure. According to a new report from Guidehouse Research, annual community microgrid capacity additions are expected to grow from 304 megawatts (MW) in 2025 to 1.4 gigawatts (GW) by 2034, representing a compound annual growth rate (CAGR) of 18.8%.

“Community microgrids allow distribution lines to be de-energized during high-risk periods without interrupting customer energy service,” says Grant Samms, research analyst with Guidehouse Research. “For countries with 100% electrification goals, microgrids are a pathway to electrifying remote villages that may never have had access before.”

The largest market driver today in overall capacity growth is utilities adopting microgrids in North America to reduce their overall financial and legal risks in the face of aging infrastructure and wildfire liability. In North America, Asia-Pacific, and the Middle East & Africa, electrification of rural and remote communities is another substantial driver of growth, with funding being made available from national clean energy bills, 100% electrification programs, and international development banks. Regulatory status and structure continue to be the largest barriers to community microgrid adoption, according to the report.

The report, Community Microgrids, examines four key generation sources—solar PV, wind, micro hydro, and fossil fuel backup—alongside storage technologies and advanced microgrid control systems. It focuses on how community microgrids improve energy reliability through customized, localized power systems. An executive summary of the report is available for free download on the Guidehouse Research website.

About Guidehouse Research
Guidehouse Research, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Research can be found at guidehouseresearch.com.

About Guidehouse
Guidehouse is a global AI-led professional services firm delivering advisory, technology, and managed services to the commercial and government sectors. With an integrated business technology approach, Guidehouse drives efficiency and resilience in the healthcare, financial services, energy, infrastructure, and national security markets. Built to help clients across industries outwit complexity, the firm brings together approximately 18,000 professionals to achieve lasting impact and shape a meaningful future. guidehouse.com

* The information contained in this press release concerning the report, Community Microgrids, is a summary and reflects the current expectations of Guidehouse Research based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Research nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.

For more information, contact:

Cecile Fradkin for Guidehouse Research
+1.646.941.9139
cfradkin@scprgroup.com 

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SOURCE Guidehouse Research

Grant, awarded in partnership with STAX Engineering and Associated British Ports, will fund the combined carbon and emissions capture and control system as a scalable, immediate solution for global ports

LONDON, Aug. 20, 2025 /PRNewswire/ — Seabound, a UK-based leader in marine carbon capture, is proud to announce an award of £1.1 million through Round 6 of the UK Government’s Clean Maritime Demonstration Competition (CMDC6). The funding will support a first-of-a-kind project between Seabound, STAX Engineering, and Associated British Ports (ABP) to integrate Seabound’s carbon capture technology with the STAX emission capture and control system at the Port of Southampton. The companies previously announced their plan to deploy these barges in collaboration with ABP at the inaugural Maritime UK Solent Coastal Powerhouse Summit.

ABP, the largest port operator in the UK, has committed to reaching net-zero emissions across its own operations by 2040 and is determined to play a catalytic role in emissions reduction across supply chains. The company’s Energy Ventures Accelerator programme, launched in 2024 represents a further example of how ABP is supporting a variety of early-stage clean energy innovators, including Seabound and STAX. Deploying world-first carbon and emissions capture technology sits alongside other initiatives at the Port of Southampton such as the UK’s first investment in shorepower facilities at scale.

“Sustainability and innovation are key themes as ABP helps its customers to adapt to the changing environment” said Max Harris, Head of Strategy and Sustainability at ABP. “We are excited to explore the potential of this innovative solution as we pursue ever better air quality at our ports and support maritime decarbonisation”.

This project positions Southampton as the first UK port to host a fully-integrated solution that captures both carbon dioxide (CO₂) emissions and criteria pollutants — including sulphur oxides (SO₂) and nitrogen oxides (NOₓ) — directly from ships while they are docked. Moreover, the combined Seabound and STAX solution provides maritime operators with an immediate, practical path to meet tightening environmental regulations and decarbonisation requirements without requiring vessels or ports to undergo retrofits and costly structural changes.

“This is the first time in the world that carbon and air pollution capture will be combined and deployed at full commercial scale in a port,” said Alisha Fredriksson, CEO and Co-Founder of Seabound. “We’re thrilled to be working with visionary partners like ABP and STAX to deliver a solution that we see reshaping port operations worldwide.”

Maritime venture lab, lomarlabs, is also supporting Seabound’s expansion and commercialization. Launched in March 2023 by Lomar, the UK based ship owner and management company, lomarlabs was created to collaborate with ambitious deep-tech start-ups to catalyse the deployment of solutions that address some of the maritime industry’s biggest challenges — including the transition to net-zero emissions.

“This project is a breakthrough moment for ports and for the maritime decarbonisation landscape,” said Stylianos Papageorgiou, Managing Director of lomarlabs. “By integrating carbon and emissions capture in a scalable, barge-based system, we’re unlocking a practical path to cleaner port operations without retrofitting ships. At lomarlabs, we’re proud to support Seabound in translating vision into deployment — and proving what’s possible when maritime innovation is driven by real-world experience.”

Seabound’s modular carbon capture units, sized to match standard 20-foot containers, will be integrated onto STAX’s barge-based emissions capture and control system. The combined solution — proven at the Port of Long Beach — connects directly to a ship’s exhaust, with STAX removing up to 99% of particulate matter and 95% of nitrogen oxides. The purified gas then flows into Seabound’s compact capture unit, which isolates and stores up to 95% of carbon dioxide and 98% of sulfur (SO₂), before releasing cleaned exhaust.

“Ports are in immediate need of sustainable solutions that don’t cause disruptions — and that’s exactly what we’re providing: a viable and effective alternative to shore power that can be deployed to any ship without retrofits, new infrastructure, or upfront costs in any port around the world,” said STAX CEO Mike Walker. “Through this project with Seabound and ABP, we’re one step closer to making clean air accessible and practical for all maritime operations.”

The £1.1 million CMDC6 funding will support crucial pre-deployment work for this project in Southampton. This includes testing container swapping logistics, refining Seabound’s next-generation carbon capture system, and establishing the groundwork for a fleet of barges capable of covering key berths across the port.

This project builds on Seabound’s earlier win in CMDC Round 3, where the company achieved 78% CO₂ capture efficiency and over 90% SO₂ removal during a world-first shipboard carbon capture demonstration on the MV Sounion Trader. Seabound continues work with Lomar Shipping, the ship’s owner, to deploy its carbon capture solution across the company’s fleet.

“I’m delighted to see Seabound’s continued success in maritime innovation,” said James Lovett, Innovation Lead for Future Maritime Technologies at Innovate UK. “Their project is an excellent example of UK led engineering and entrepreneurship within a particularly hard-to-abate transport sector. We’re excited to see the results of this CMDC Round 6 project, particularly given Seabound’s great achievements in Round 3.”

It’s so exciting to see investment in green fuels and technologies spurring on skills, innovation and manufacturing across the UK, delivering on our Plan for Change missions to kickstart economic growth and become a clean energy superpower,” added UK Maritime Minister Mike Kane. “We’ve charted a course to net zero shipping by 2050 and this £30 million will be crucial in supporting the green fuels and technologies of the future, so we can clean up sea travel and trade.”

Beyond emissions reductions, the project will generate new skilled jobs at the Port of Southampton — from barge operations and maintenance to carbon capture servicing and logistics. ABP intends to expand and scale this solution to other ports across the country, offering a replicable model for other ports worldwide.

Founded in late 2021, Seabound has established itself as a leading onboard carbon capture technology developer with its simple, modular, and cost-effective technology. Seabound completed a world-first demonstration of their onboard carbon capture system together with lomarlabs and Hapag Lloyd, successfully capturing CO₂ at ~80% efficiency onboard a 3200 twenty-foot equivalent unit (TEU) container vessel. The company also recently announced a first-of-its-kind onboard carbon capture project in partnership with Hartmann Group and Heidelberg Materials AG to equip a cement-carrying ship with Seabound’s compact carbon capture system.

Seabound is on a mission to capture 100 million tonnes of CO₂ annually by 2040, representing 10% of the global shipping sector’s emissions. The company continues to engage shipowners, cargo companies, and industrial players across the supply chain to expand adoption and maximize impact. For more information visit www.seabound.co or contact press@seabound.co.

About Seabound

Seabound is an award-winning leader in modular carbon capture systems for ships. Founded in late 2021, Seabound recently completed the world’s first port-based CO₂ capture demonstration at the Port of Long Beach with STAX Engineering. Previously, the company completed a world-first pilot with lomarlabs and Hapag-Lloyd, capturing CO₂ at ~80% efficiency on a container ship in the Middle East. To date, Seabound has raised $6.8M from world-class investors including Lowercarbon Capital, Y Combinator, Eastern Pacific Shipping, Elemental Impact, and Collaborative Fund, and received £2.3M in grant funding from the UK Government through the Clean Maritime Demonstration Competition. Learn more at seabound.co.

About STAX Engineering

STAX’s patented, flexible exhaust capture system is designed to fit all ships without modification, even in the most congested ports. Once the exhaust is captured and funneled into the STAX system, it is filtered. STAX removes 99% of particulate matter (PM) and 95% of oxides of nitrogen (NOx) before being released as purified gas. To date, STAX has treated 1,151 at-berth vessels for a cumulative of 24,000 hours and 185 tons of pollutants—and counting. In 2024, STAX was named a winner of Fast Company’s Next Big Things in Tech, recognizing its innovative contributions to emissions reduction and cleaner air solutions. Learn more at staxengineering.com.

About lomarlabs

lomarlabs is a corporate venture lab launched by Lomar in March 2023, that provides maritime tech companies with the physical infrastructure, support, industry insight, expertise and funding they need to responsibly test, prove and commercialise their solutions; catalysing their entry into a market that’s rapidly evolving. Learn more at lomarlabs.com.

About the Clean Maritime Demonstration Competition (CMDC)

This project is funded by UK Government through the UK Shipping Office for Reducing Emissions (UK SHORE) programme in the Department for Transport. UK SHORE has allocated over £230m since 2022 to over 247 projects, leveraging over £107m private investment. Innovate UK, part of UK Research and Innovation, is the main delivery partner for UK SHORE interventions, including the flagship CMDC and ZEVI competitions.

Maritime is a key sector which needs to find innovative solutions to its carbon footprint in order to contribute to the UK’s decarbonisation agenda. The UK SHORE programme is a key part of that work, supporting research and development to unlock an industry-led transition towards Net Zero and deliver economic growth, in line with the Government’s missions and the Plan for Change.

The UK SHORE programme consists of multiple headline projects situated all across the UK from Belfast and Orkney to Cornwall and Portsmouth and all points in between – showcasing the exceptional, highly-skilled work being delivered throughout the UK economy. UK SHORE is supporting 500 organisations, unlocking investment potential in UK technologies, at UK ports and at UK shipyards.

Media Contact
David Ganske
DG+ for Seabound
pr@dgplusdesign.com
+1-424-209-2394

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SOURCE Seabound

BEIJING, Aug. 20, 2025 /PRNewswire/ — Witness China’s low carbon revolution — where coral restoration revitalizes coastal ecosystems, and an abandoned coal mine has transformed into a clean energy hub.

In the first episode of China Daily’s Carbon Journey documentary series released on August 15, follow reporter Xia Ji on an extraordinary exploration of these stories of ecological renewal.

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SOURCE China Daily

ISTANBUL, Aug. 20, 2025 /PRNewswire/ — BKPS, a Karpowership affiliate, has signed a contract with Iraq’s Ministry of Electricity and the General Company for Electric Energy Production / Southern to launch a new power generation project in Iraq, delivering rapid, reliable, and affordable electricity to strengthen the country’s energy security.

The project will supply up to 590 MW of electricity through Karpowership’s two signature Powership vessels. Under the agreement, the Company will provide electricity for an initial contract period of 71 days, playing a critical role in stabilizing the national grid and meeting demand.

“We are honored to partner with Iraq in advancing its energy resilience,” said Zeynep Harezi Yılmaz, Chief Commercial Officer at Karpowership. “This project represents a strong step toward bridging the electricity gap and aligns with our mission to provide rapid, flexible, and reliable power wherever it is needed most.”

The Powerships will be deployed to the Khor Al Zubair and Umm Qasr ports in Basra and are expected to begin operations in August 2025. The Powerships, which are multi-fuel enabled and entirely self-contained with everything needed to function onboard, will provide a cost-effective, rapidly deployable solution that avoids the lengthy construction timelines of land-based power infrastructure.

Karpowership has a proven track record of delivering floating power solutions globally, with operations in 16 countries across four continents. Its Powership technology offers a practical, scalable solution to improve energy security, with the flexibility to operate on multiple fuels, while providing reliable power to support economic development; including in Iraq where operations will be carried out through its affiliate, BKPS.

About Karpowership

Karpowership is a global energy company specializing in fast-track and integrated power solutions. As the only builder, owner and operator of the world’s largest Powership fleet, Karpowership’s vessels can deliver turnkey energy solutions wherever they are needed, connecting to the grid and generating electricity in less than 30 days. In addition to its signature Powerships, Karpowership offers floating LNG solutions to support a cleaner, more flexible energy future. With over 25 years of experience, Karpowership remains committed to delivering sustainable and reliable power, empowering nations and communities.

Visit www.karpowership.com for more information.

Photo – https://mma.prnewswire.com/media/2753922/The_Powership_Orka_Sultan.jpg
Logo – https://mma.prnewswire.com/media/2404491/Karpowership_Logo.jpg

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SOURCE Karpowership