190 MW solar and battery storage project is now online providing reliable power for Jicarilla Apache Nation, as well as municipalities and electric coops

MINNEAPOLIS and FARMINGTON, N.M., Aug. 15, 2025 /PRNewswire/ — National Renewable Solutions (NRS), a US-based renewable energy developer, announced today that Shallow Basket Energy is now operating. The 140 MWac solar energy and 50 MW battery storage project, located in Rio Arriba County, New Mexico, reached commercial operation in August 2025.

To recognize the start of Shallow Basket Energy’s operations, NRS hosted a grand opening event on site. Officials from NRS, Jicarilla Apache Nation, Guzman Energy, Kit Carson Electric Cooperative (KCEC), and other organizations joined to celebrate the project. Shallow Basket Energy is located on land owned by the Jicarilla Apache Nation. Jicarilla Apache Nation will benefit from power produced by the project through its wholesale power supply agreement with Guzman Energy.  

Jicarilla Apache Nation President Adrian Notsinneh, said, “The Shallow Basket Energy Project represents more than just clean power—it’s a powerful step forward in the Jicarilla Apache Nation’s journey toward energy sovereignty and economic self-determination. By hosting this project on our land, we’re honoring our legacy of environmental stewardship while creating opportunities for our people and contributing to a more sustainable future for the region.” 

Jeffrey M. Heit, Founding Managing Director of Guzman Energy, said, “Power generated by Shallow Basket is an important addition to the overall Guzman Energy power supply portfolio. Guzman Energy customers, including the Jicarilla Apache Nation and Kit Carson Electric Cooperative, will benefit from this new local power source.”

Luis A. Reyes, Jr., CEO of KCEC, said, “Shallow Basket Energy is a great example of what can be accomplished when community partners are aligned with common goals. The project will benefit the Jicarilla Apache Nation and Kit Carson Electric Cooperative members with renewable energy and will also help us all meet New Mexico’s state-wide clean energy targets.”

Shallow Basket Energy is now producing enough power for 38,000 homes annually and boosting local grid reliability by storing and dispatching power when it’s needed. Leveraging the U.S. supply chain for renewable energy, Shallow Basket Energy incorporates Tesla’s grid forming technology and Megapack 2XL units which were manufactured in Lathrop, California. Albuquerque-based Gridworks completed construction of the project.

Since announcing project financing in November 2024, NRS has refinanced the debt for Shallow Basket Energy with MUFG Bank, Ltd., Norddeutsche Landesbank Girozentrale, New York Branch (NORD/LB), Siemens Financial Services, and Zions Bancorporation, N.A. The refinancing provides better terms that will in turn support NRS’s growth.

Bill Whitlock, CEO, National Renewable Solutions, said, “The on-time, on-budget completion of Shallow Basket Energy is a major milestone for our partners and especially for NRS as it completes our transition to an IPP. Importantly, Shallow Basket Energy demonstrates how we are meeting rising demand for reliable energy while delivering on our customers’ commitment to environmental stewardship.”

About National Renewable Solutions
NRS is a renewable IPP with a rich history and demonstrated success deploying a community-based stakeholder engagement model for its utility scale wind and solar projects. Founded in 2011, NRS originates, acquires, and develops renewable energy projects throughout the US at various stages from greenfield through operations. NRS is owned by an investment fund managed by a subsidiary of BlackRock, Inc. With its capital markets support and global reach, NRS has positioned itself as a major player in the U.S. renewable energy market. For more information on NRS, please visit www.natrs.com

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SOURCE National Renewable Solutions

DELRAY BEACH, Fla., Aug. 15, 2025 /PRNewswire/ — The global Combined Heat and Power Market is anticipated to grow from estimated USD 32.02 billion in 2025 to USD 41.48 billion by 2030, at a CAGR of 5.3% during the forecast period. The combined heat and power (CHP) market continues to expand under the influence of the growing demand for energy efficiency and reliable power generation. With the rising load on global power systems due to expanding urban infrastructures, industrial processes, and the integration of renewable energy sources, there is a critical need for high-level monitoring systems. Aging power generation units in developed economies and high rates of energy demand growth in developing economies are also pushing utilities and industries to adopt intelligent, IoT-based monitoring solutions. Other factors contributing to this market trend include government energy efficiency standards and the increasing adoption of smart energy systems worldwide.

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The microturbine segment is projected to register the highest CAGR during the forecast period

The microturbine segment is projected to register the highest growth in the combined heat and power market during the forecast period, owing to its compact design, high reliability, and high efficiency applications in space-constrained applications. Due to the rapid growth of urbanization and smart cities, efficient and space-saving power generation has seen a surge in demand, particularly in densely populated regions. The technology is also safer, less susceptible to reduced maintenance, and provides more resiliency when subject to intense weather conditions in comparison to larger systems. Thus, this technology is more desirable in critical infrastructures such as commercial buildings, hospitals, and distant installations. Furthermore, the growing trend to incorporate more renewable energy sources in the systems and more sophisticated monitoring systems in distributed energy systems influences the utilities and industries’ preferences for microturbines.

Asia Pacific is estimated to be the largest market during the forecast period

Asia Pacific is anticipated to emerge as a key region in the combined heat and power (CHP) market, propelled by a growing emphasis on energy efficiency, stringent environmental regulations, and rising industrial energy needs. Significant investments in modernizing power infrastructure, integrating renewable energy sources, and advancing smart grid technologies are encouraging utilities and industries in the region to adopt innovative CHP systems for enhanced reliability and performance. Additionally, the presence of extensive manufacturing plants and expanding commercial developments is increasing the demand for uninterrupted power and fault detection capabilities. Government incentives to upgrade aging energy systems and promote sustainable practices, alongside supportive policies for clean energy adoption, are further driving market expansion. The region’s demand for cost-effective and high-efficiency solutions is attracting global companies, positioning Asia Pacific as a significant market leader through the forecast period.

Key Market Players

Some of the major players in the Combined Heat and Power Market are Siemens Energy, GE Vernova, Wärtsilä, Veolia, and MITSUBISHI HEAVY INDUSTRIES, LTD. The major strategies adopted by these players include acquisitions, product launches, agreements, partnerships, and expansions.

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GE Vernova (US)

GE Vernova (US) is a global leader offering power generation solutions. The company has been operating through three major divisions: Power, Wind, and Electrification. In the Power segment, GE Vernova offers combined heat and power (CHP) services. This segment is very critical, accounting for a major share of GE Vernova revenues. This segment also offers steam power technology, providing boilers, generators, and steam turbines for both fossil and nuclear applications. This division also offers motors, generators, automation and control equipment, and drives for energy-intensive sectors such as marine, oil & gas, and mining & metals. GE Vernova’s subsidiaries operate across 91 manufacturing sites, 18 of which are located in the US and 73 are located internationally. The power segment has 38 manufacturing facilities globally. Geographically, GE Vernova has a strong presence across North America, Europe, Asia Pacific, the Middle East, and Africa.

Siemens Energy (Germany)

Siemens Energy (Germany) is a technology company focused on electrification, automation, and digitalization. The company offers a product portfolio comprising gas and steam turbines, generators, gas engines, instrumentation and controls, and electrical systems. Siemens’ Gas and Power segment has been reassigned into three business areas: Gas Services (GS), Grid Technologies (GT), and Transformation of Industries (TI). Siemens Energy provides its combined heat and power solutions through the Gas Services business segment. The segment serves central and distributed power generation, transmission, and industrial process markets with a wide range of products, systems, and service capabilities. Siemens Energy experienced more revenues in both Asia and Australia due to the business performance in the entire business segment. At present, Siemens Energy is also engaged in the development of the next generation of gas turbines, especially in the US and Germany. The company operates in 90 countries around the world, including France, Italy, India, Canada, Colombia, China, Spain, Denmark, Korea, the US, and Germany, with major manufacturing units.

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Related Reports:

Micro Combined Heat and Power Market

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HANOI, Vietnam, Aug. 15, 2025 /PRNewswire/ — Vantage Foundation has strengthened its commitment to child protection through Blue Dragon Children’s Foundation in Vietnam. The collaboration focuses on rescuing children from trafficking and exploitation, providing them with safety, education, and a pathway to a brighter future.

Vantage Foundation Partners with Blue Dragon Children’s Foundation to Protect Children and Prevent Human Trafficking

Blue Dragon is widely recognized for its holistic approach: rescuing children from danger and providing them with long-term support while preventing trafficking through education and outreach. Many at-risk youths come from rural areas seeking work in cities, where they face heightened vulnerability to traffickers’ false promises. Blue Dragon works with schools and communities to keep kids in school, teaches them to stay safe from trafficking, and empower families to protect their children.

“Traffickers prey on hope,” said Michael Brosowski, Founder of Blue Dragon. “When families are informed, that hope becomes strength, not weakness.”

During a recent visit to Blue Dragon’s center in Hanoi, Vantage Foundation volunteers connected directly with the children and staff. The team helped prepare and shared meals with children at the center, creating moments of joy, encouragement, and connection.

“These moments are a reminder that healing often begins with something as simple as a shared meal and a kind word,” said Steven Xie, Executive Director of Vantage Foundation.

Beyond rescue, Blue Dragon provides free education to homeless and underprivileged children, helping them catch up academically and reintegrate into mainstream schooling. Vantage Foundation supports the expansion of these programs, ensuring more children can access safety, education, and long-term support.

“We believe lasting change starts with dignity and opportunity,” added Steven Xie. “Blue Dragon’s holistic, human-centered approach is deeply inspiring, and we are honored to be able to make a difference.”

With this collaboration, Vantage Foundation reaffirms its commitment to protecting vulnerable children, preventing human trafficking, and building safer communities. The partnership reflects a shared vision: that every child deserves the chance to grow up free from exploitation, with the tools and opportunities to thrive.

Vantage Foundation

Vantage Foundation is an independent charitable organization launched at the McLaren Technology Centre in the UK in 2023. The foundation has partnered with organisations worldwide, including Grab Indonesia, the iREDE Foundation in Nigeria, Teach for Malaysia, and Instituto Claret in Brazil, to drive impactful social initiatives.

For more information, please visit www.vantage.foundation

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SOURCE Vantage Foundation

SÖDERTÄLJE, Sweden, Aug. 15, 2025 /PRNewswire/ — Never before have so many different types of electric trucks been showcased to such a wide variety of customers across Europe. All told, The electric journey: an optimisation road show will bring six different Scania electric trucks to 13 European cities between mid-August and mid-December, allowing customers and potential customers to see and experience these electric vehicles for themselves.

The events, which start in Denmark and end in Sweden after a 20,000km journey all over Europe, will also act as a conversation starter for battery charging strategies. There will be a chance to discuss the pros and cons of maximum battery capacity versus capacity that is optimised for individual customers’ specific operations. Meanwhile the trucks, which cover urban, tipper, hooklift, tractor and refuse collection applications, will be charged on multiple occasions during the tour at chosen charging points throughout the continent.

The roadshow underlines Scania’s unwavering commitment to electrification as the key way to achieve sustainable transport where infrastructure and technologies allow. It’s a bold new initiative in the company’s efforts to explain, promote and provide its solutions and ecosystem for electric transport.

“We understand that many operators still have questions and concerns about electric transport,” says Alexandra Österplan, E-mobility stream leader at Scania.

“So, rather than sitting back and assuming people will come to us, we are driving our electric trucks to where they are so they can see and experience for themselves the business benefits that electrification can bring, as well as address their queries about electric vehicle batteries and provide advice on charging technologies and strategies.”

“We know from the surprised, positive reactions that we have had from customers who test our electric trucks that seeing truly is believing, and we are convinced that this roadshow will win hearts and minds to make the switch to electric transport.”

A full list of the roadshow venues, the six Scania electric trucks that will be on show and the designated charging points can be found here.

For further information, please contact:
Alexandra Österplan
E-mobility Marketing Communication Manager
Phone: +46 735 667 121 
E-mail: alexandra.osterplan@scania.com

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SOURCE Scania

BEIJING, Aug. 15, 2025 /PRNewswire/ — August 15 marks the National Ecology Day. During an inspection tour to Yucun village, Anji county in East China’s Zhejiang Province on August 15, 2005, Xi Jinping, then secretary of the Zhejiang Provincial Committee of the Communist Party of China (CPC), for the first time put forward the concept of “lucid waters and lush mountains are invaluable assets.” 

Since the 18th CPC National Congress, ecological civilization has been placed in the country’s “five-sphere” integrated plan. The concept has become the core philosophy and action framework for China’s eco-civilization construction, ushering in a new chapter for China’s ecological civilization. Guided by this philosophy, the country has achieved historic, transformative, and comprehensive changes in ecological and environmental protection, which has become a distinctive feature of the historic accomplishments and transformations in the cause of the Party and the country.

The book series of Xi Jinping: The Governance of China includes several important speeches on ecological construction. Chinese President Xi’s directive on China’s first National Ecology Day in 2023 is included in Volume V of the book series. President Xi said “I hope our whole society acts now to promote and apply the concept that lucid waters and lush mountains are invaluable assets. Through solid and sustained efforts, we will make a greater contribution to building a clean and beautiful world.”

In the 10th installment of the special series “Decoding the Book of Xi Jinping: The Governance of China,” the Global Times, along with People’s Daily Overseas Edition, explores the theme: China’s innovative approach in ecological conservation and its global impact. We continue to invite Chinese and foreign scholars, translators of Xi’s works, practitioners with firsthand experience, and international readers to discuss how the concept of “lucid waters and lush mountains are invaluable assets” and relevant practices contribute to sustainable development, global ecological governance and building a community with a shared future for humanity.

In the 10th article of the “Readers’ Reflections” column, Global Times (GT) reporter Ma Jingjing talked to Helge Muenkel (Muenkel), Chief Sustainability Officer of Singapore-based DBS Bank, who profoundly perceived China’s rapid strides in ecological development and green technology and the global value of the concept that “lucid waters and lush mountains are invaluable assets.” According to Muenkel, China’s green technology innovation and industrial development experience have provided strong support for the global energy green transition, while providing new opportunities for global partners and foreign enterprises with the country’s high-quality development.

GT: In the article “Chinese Modernization: Harmony Between Humanity and Nature” in Volume V of Xi Jinping: The Governance of China, President Xi Jinping stressed to “adhere to a people-centered approach, and uphold and act on the idea that lucid waters and lush mountains are invaluable assets. In our efforts to build a great country and advance national rejuvenation, we will prioritize the Beautiful China initiative and work for substantial improvements in urban and rural living environments. This will enable us to support high-quality development with a high-quality environment.” DBS Bank has been deeply rooted in the Chinese market for over 30 years since its entry. Can you share your observations on China’s green development over the years? What are the core advantages of China’s green and low-carbon development?

Muenkel: China’s green energy transition over the last three decades has marked remarkable progress, positively impacting and inspiring many, far beyond its borders. Facts best demonstrate just how tremendous China’s strides have been. In 2024, China installed more renewable energy capacity than the rest of the world combined.  

China has also become the clear leader in electrifying mobility. It is the largest market in the world for new-energy vehicles, which include battery-electric, plug-in hybrid and extended-range electric cars, and is also the largest exporter of such cars globally. In the first six months of 2025, the country’s new-energy vehicle (NEV) production and sales surpassed 6.9 million units, respectively, the country’s official data showed. In June alone, the sales of passenger NEVs accounted for over half of all passenger vehicles sold in the country. China’s innovation power is driving these developments, with BYD shocking the world when it announced in March that it had developed a new battery and charging system that allows for an EV to gain 400 kilometers of range in just five minutes. The Chinese government had also implemented smart policies to support the growth of the electric vehicle industry, including tax incentives and investment in charging infrastructure.

Furthermore, China has also made significant investments in green infrastructure, including green buildings, sustainable transportation systems, beyond electric vehicles, and eco-cities. China has also embarked on massive afforestation project, the Three-North Shelterbelt Forest Program, also referred to as the “Great Green Wall”, launched in 1978 to combat desertification, reduce soil erosion, and improve the ecological environment. The project has shown significant progress, with China’s forest coverage growing from around 8.6 percent of the overall territory in 1949 to over 25 percent in 2024.

I met my wife in Shanghai in 2010, when she worked and lived in the city. I remember us walking along the Bund a lot. When I again visited Shanghai a few months ago, I could see and feel the difference. Apart from the city’s remarkable infrastructure developments, the air was just so much cleaner than over a decade ago. Air pollution levels have been reduced materially across major cities in China, due to a combination of many factors including the aforementioned green energy transition and push for electric vehicles as well as industrial upgrades, transportation reforms and tree planning.

The success has been possible due to a combination of factors, including strategic and long-term planning by the government and regulators, as well as the country’s remarkable innovation and manufacturing power. It is important to note that China dominates global clean tech patents accounting for more than 50 percent of the world’s green and low carbon patent applications. 

GT: The article “Chinese Modernization: Harmony Between Humanity and Nature” is part of the speech by President Xi at the National Conference on Eco-environmental Protection. In the speech, President Xi also stressed that “the next five years will be crucial in building a beautiful China.” How do you understand this?

Muenkel: The concept of “Beautiful China” highlights the country’s commitment to an ecological civilization and sustainable development, stressing that “lucid waters and lush mountains are invaluable assets.” It marked a transition from remediation toward systematic governance of ecology, embedding green, low‑carbon and circular development into the national growth framework. On the back of this, it allowed to further strengthen legal frameworks, and market‑mechanism to support the mobilization of both private and public actors in realizing these goals.

China’s green and low carbon development not only allows to reduce carbon emissions, which in turn materially supports the global climate goal, as enshrined in the Paris Agreement, to hold “the increase in the global average temperature to well below 2°C above pre-industrial levels and pursue efforts to “limit the temperature increase to 1.5°C above pre-industrial levels.” But it also fosters broader socio-economic growth, and hence, supports sustainability more holistically by improving people’s lives, for example, as it creates new jobs and improves public health.

GT: Currently, green and low-carbon development has become an unstoppable trend, leading the transformation and upgrading of global industrial and supply chains. In recent years, the global green economy market has demonstrated explosive growth momentum. China has established a dominant position in sectors such as photovoltaics, wind power, and electric vehicles. What impact do you think China’s green and low carbon transformation has had on the world?

Muenkel: As the world’s largest producer and consumer of renewable energy, China’s shift toward a low-carbon economy is driving innovation and reducing costs. The country’s dominance in electric vehicle production and sales has spurred global adoption, with China accounting for over 50 percent of global electric vehicle sales. China’s green development has also created new industries and job opportunities, contributing to sustainable economic growth. As a global leader in clean energy, China’s green transformation can accelerate the transition to a low-carbon economy worldwide.

Furthermore, the significant size of China’s economy has a material impact on global demand patterns for fossil fuels. Given the significant rise in renewable energy and electric vehicles in the country, some scenarios suggest China’s oil demand could peak and decline as early as the 2030s, which would have significant impacts on global markets, and could further accelerate global trends toward cleaner energy.

GT: In a keynote speech delivered at APEC CEO Summit held in November 2021, President Xi said “China’s carbon reduction action is a profound economic and social transformation. However formidable the task may be, we will work tirelessly to make our contribution to promoting global green transition. Our carbon reduction action will also require massive investment, thus creating huge market opportunities and room for cooperation.” As a representative of foreign banks deeply rooted in China, what strategic opportunities do you think this trend has created for foreign invested enterprises?

Muenkel: China’s commitment to peak carbon dioxide emissions before 2030 and achieve carbon neutrality before 2060 will transform China’s economy into a green, low-carbon, and circular system by mid-century.

And the numbers are again stark. In 2024, China was by far the largest investor in the global energy transition, according to data from Bloomberg New Energy Finance. China invested $818 billion in clean technologies last year. This materially outpaced the US and the EU, which invested $338 billion and $375 billion, respectively. 

As such, the expansion of China’s green economy unlocks more dividends and presents significant opportunities for foreign-invested enterprises. As China continues to prioritize sustainability, foreign companies can leverage their expertise and technologies to support the country’s green development goals. The dual carbon goals have created a favorable environment for green investments, and foreign enterprises can benefit from partnering with Chinese companies to jointly develop innovative solutions and tap into the vast Chinese market. With China’s green economy expected to further grow materially, foreign-invested enterprises can capitalize on this trend by investing in renewable energy, green infrastructure, and sustainable technologies.

GT: In Volume II of Xi Jinping: The Governance of China, President Xi stressed “We should pursue the new vision of green development and a way of life and work that is green, low-carbon, circular and sustainable. Efforts should be made to strengthen cooperation in ecological and environmental protection and build a sound ecosystem so as to realize the goals set by the 2030 Agenda for Sustainable Development.” Could you, in the context of DBS Bank’s support for Chinese enterprises in implementing overseas renewable energy projects, share your insights on how the Belt and Road Initiative (BRI) contributes to promoting global green development and ecological governance?

Muenkel: The BRI provides a platform for promoting global green development and ecological governance. By advocating for green, low-carbon, and sustainable practices, the BRI can help reduce the environmental impact of infrastructure development, and foster broader socio-economic progress. It is important to highlight China’s efforts to collaborate globally on this. For instance, China signed a memorandum of understanding with the UN Environment Programme on building a green Belt and Road and launched partnerships with various countries.

DBS has adopted the voluntary Green Investment Principles for the Belt and Road to support this initiative. And as one example, DBS banking entities in the Chinese mainland and the Hong Kong Special Administrative Region facilitated a green bridging loan deal with China General Nuclear Power Group’s company in Laos for one of the largest clean energy projects in Laos’ history, demonstrating support for the construction of Belt and Road green projects.

Overall, China’s commitment to green BRI development has led to increased investments in renewable energy, green infrastructure, and sustainable transportation.

GT: Since humanity entered the era of industrial civilization, while creating enormous material wealth, it has also generated severe climate problems. The international community has made arduous efforts for decades to address this challenge. How should countries work together to promote the building of a clean and beautiful world?

Muenkel: As the world grapples with the pressing challenges of sustainability more broadly, and specifically climate change, collaboration and multilateralism have proven to be powerful drivers of innovation and action in the energy transition.

Collaboration between nations is crucial for achieving global sustainability goals. By working together, countries can share knowledge, technologies, and best practices as well as align on policy frameworks, accelerating the transition to a low-carbon economy. China’s experience and technical expertise in scaling up renewable energy and reducing emissions can inform and support similar efforts in other countries.

In a world where climate change knows no borders, unilateral actions will inevitably fall short of addressing the global nature of the crisis. Collaboration, on the other hand, enables countries to pool their resources, expertise, and influence to drive meaningful change. As the world moves forward, it’s essential to prioritize multilateral cooperation and recognize the critical role that countries like China can play in shaping a sustainable future.

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SOURCE Global Times

With 1.5 billion kWh of Clean Energy Output Annually, the Project Cuts CO₂ Emissions by 780,000 Tons and Sets New Milestone for Renewable Energy Projects in the Middle East with 100% Performance Compliance

MANAH, Oman, Aug. 15, 2025 /PRNewswire/ — Shanghai Electric‘s (SEHK: 2727, SSE: 601727) first solar power plant in Oman, the 500MW Oman Manah-1 Solar IPP Project (the “Project”), has completed one month of smooth operations after passing all assessments and final handover. The flagship Project under the Oman Vision 2040 national blueprint for sustainable environment and clean energy will generate 1.5 billion kWh of electricity annually, cutting CO₂ emissions by 780,000 tons per year, the equivalent of taking 170,000 gasoline-powered cars off Oman’s roads.

Shanghai Electric provided end-to-end solutions for the Project—from design and planning, procurement and construction to long-term operation and maintenance. The integrated strategy delivered an efficient, sustainable energy system while advancing global solar technology innovation.

To overcome the policy and technical challenges, Shanghai Electric partnered with France’s EDF under a unique dual-track agreement to meet Oman’s strict technical requirements, adopting a “split-team” approach with Chinese engineers handling solar field design, while the Oman team led substation construction. This approach resolved conflicts between international standards and local regulations.

The innovative project management split the construction into 11 directly managed sections that cut timelines by 22 percent. A real-time safety reporting app resolved 924 safety risks and achieved 4 million accident-free work hours. The dynamic scheduling kept large equipment usage at 90 percent efficiency, and cross-trained workers boosted site-to-site mobility.

The planning also adopted a staffing strategy of competing teams with rolling inspections at 59 project zones. The designers worked on-site during substation construction and improved oversight efficiency by 30%, while a 20-member skilled team completed wiring and terminal work in just 72 hours to accelerate medium-voltage cable installation progress.

The highly efficient coordination set a new record of grid connection, with simultaneous testing, day-night shifts, and ChinaOman team collaboration ensuring seamless progress. The Project team finished 59 zones in nine days, which was 21 days ahead of schedule, with 100 percent grid success, zero equipment damage, and no worker injuries.

“Shanghai Electric’s solution completely changed how fast we thought solar projects could connect to the grid,” said Hamood Al Shuaili, the Project director. “The team showed unmatched expertise and teamwork, they’re world-class engineers setting new global standards.”

With China’s high-voltage cable technology and upgraded piling support design, the site leveling preparation workload was reduced by 80 percent, which cut the construction timeline by 60 days. A streamlined supply chain and precise procurement planning guaranteed on-time delivery, with all equipment performance exceeding targets.

Furthermore, the Project has boosted local employment, strengthened energy security, and created lasting social value. With a community-focused approach, 90 percent of operations and maintenance staff are local workers, and the core technical training programs have been integrated into Oman’s vocational education system, with the aim of building skills for the future.

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SOURCE Shanghai Electric

SANDNES, Norway, Aug. 15, 2025 /PRNewswire/ — Desert Control AS (DSRT) announces its second-quarter report and interim financial results for the fiscal period ending 30 June 2025. 

Desert Control made operational and commercial progress in the second quarter of 2025, expanding deployments and trial programs in the U.S. across permanent crop agriculture, golf, and ornamental landscaping, while advancing key partnerships and projects in the Middle East. Notable developments included new applications with commercial growers, universities, and golf courses in California and Arizona, as well as continued integration of Liquid Natural Clay (‘LNC”) in landscaping and urban greening initiatives with our licensing partners.

Operational Highlights: 

  • Application of over 4.5 million litres of LNC at Woodland Hills Country Club, marking our first full golf course deployment
  • Our partner, Saudi Desert Control, deploys first commercial sale at Atlas Turf Arabia, the Middle East’s first internationally licensed golf and sports turf farm, applying LNC to 3.7 hectares of turf farm.
  • Pilot application at Tempe Marketplace, marking our first application with a large owner of commercial real estate.
  • Encouraging improvement in cantaloupe and broccoli yields in certain sections of trials at the University of Arizona Maricopa Agricultural Center.             

Financial Highlights: 

In the first half of 2025, Desert Control advanced key operational initiatives in the U.S. and Middle East, laying the foundation for stronger revenue contributions in the second half of the year. The Company maintained stable operational performance despite the timing of revenue recognition under major contracts, while continuing to invest in strategic projects, product development, and commercial capacity.

  • Revenue Outlook: Revenue for the quarter reflects the timing of recognition under the U.S. PAYS contract, where measurable customer water savings trigger revenue. Significant application work completed in Q2 is expected to contribute to revenue in Q3 and beyond.
  • EBITDA Performance: EBITDA remained stable quarter-over-quarter and year-to-date, with disciplined cost control and operational efficiencies offsetting higher activity levels in the U.S.
  • Equity: Equity totalled NOK 43.71 million at quarter-end, providing headroom for operations but reflecting a reduced buffer following continued losses.
  • Cash Position: NOK 24.84 million in cash and cash equivalents as of 30 June 2025, reflecting strategic investments in product development, commercial initiatives, and team capacity to support growth.
  • Funding Horizon: Current cash resources are expected to support operations into Q4 2025, excluding any future revenues. 

As a result, the Board is actively evaluating funding alternatives to secure additional resources. This may include potential equity financing, grants, license agreements and cost optimization measures to extend the financial runway and enable execution of the long-term growth plan. In conjunction with these evaluations the Board may also assess other strategic alternatives to enhance shareholder value.

Q2 Report 2025:

  • The information enclosed is subject to the disclosure requirements pursuant to sections 5-12 of the Norwegian Securities Trading Act.
  • The report can be downloaded from the company webpage: https://desertcontrol.com/investors/
  • A webcast presentation for Desert Control Q2 2025 Report and Company Update is hosted on 15 August 2025 at 16.00 PM, Central European Time (CET).

Register: https://desertcontrol.zoom.us/webinar/register/WN_IpBEUdDjRJWiAvi1Dug2kw

For more information, please contact:

James Thomas Chief Executive Officer
Email: james.thomas@desertcontrol.com
Mobile (USA): +1 203 984 7658

About Desert Control:

Desert Control develops innovative solutions to enhance soil health, conserve water, and promote ecosystem resilience. Our proprietary Liquid Natural Clay (LNC) allows sandy, fast-draining soils to retain water and nutrients, improving soil health, crop yields, and ecosystem vitality while conserving water. Desert Control provides customized solutions to strengthen sustainability, profitability, and prosperity for agriculture, forests, and green landscapes. In collaboration with partners and clients, we aim to preserve natural resources, enhance food security, and ensure a climate-resilient future.

Important Notice:

This information is considered to be inside information pursuant to the EU Market Abuse Regulation (MAR) and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. The stock exchange announcement was published by Leonard Chaparian, CFO in Desert Control AS, at the time and date stated above in this announcement.

Cautionary Note:

This release contains forward -looking information and statements relating to the business, performance, and items that may be interpreted to impact the results of Desert Control and/or the industry and markets in which Desert Control operates. Forward-looking statements are statements that are not historical facts and may be identified by words such as “aims,” “anticipates,” “believes,” “estimates,” “expects,” “foresees,” “intends,” “plans,” “predicts,” “projects,” “targets,” and similar expressions. Such forward-looking statements are based on current expectations, estimates, and projections, reflect current views concerning future events, and are subject to risks, uncertainties, and assumptions, and may be subject to change without notice. Forward-looking statements are not guarantees of any future performance, and risks, uncertainties, and other important factors could cause the actual business, performance, results, or the industry and markets in which Desert Control operates to differ materially from the statements expressed or implied in this release by such forward-looking statements. No representation is made that any of these forward-looking statements or forecasts will come to pass or that any forecasted performance, capacities, or results will be achieved, and you are cautioned not to place any undue reliance on any forward-looking statements.

For more information, visit https://www.desertcontrol.com/

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Cision View original content:https://www.prnewswire.com/news-releases/desert-control-releases-q2-2025-report-and-year-to-date-company-update-302530849.html

SOURCE Desert Control AS

BEIJING, Aug. 14, 2025 /PRNewswire/ — August’s summer heat is no match for the lively atmosphere in Yucun.

In front of a stone tablet inscribed “lucid waters and lush mountains are invaluable assets,” tourists often stop to take photos. From the village post office, vibrant rice paddies stretch all the way to the foot of the mountains, swaying in the breeze. Parents ride shared e-bikes with their children along country paths, feeling the air filled with fresh scent of bamboo and tea – this is the bucolic lifestyle many people now long for.

It’s hard to imagine that 20 years ago, this was a mining village shrouded in dust and filled with the din of quarries. From “selling ore” to “selling scenery,” to “selling lifestyle and quality,” this development path is deeply etched in the memories of residents in Yucun.

During an inspection tour to Yucun on August 15, 2005, Xi Jinping, then secretary of the Zhejiang Provincial Committee of the Communist Party of China (CPC), for the first time put forward the concept of “lucid waters and lush mountains are invaluable assets.”

Pan Wenge, who was on site for Xi’s field visit and symposium in Yucun, and later served as Yucun village Party chief, is a key witness and promoter of the concept’s inception and practice in the village. Now a member of the Party Committee at the Anji County Party School, Pan recently told the Global Times how that day changed the future of the village, as well as many people’s life trajectories.

In Volume V of the book series Xi Jinping: The Governance of China, President Xi emphasized that “I hope our whole society acts now to promote and apply the concept that lucid waters and lush mountains are invaluable assets. Through solid and sustained efforts, we will make a greater contribution to building a clean and beautiful world,” in the article titled “Promote and Apply the Concept that Lucid Waters and Lush Mountains Are Invaluable Assets.” This is Xi’s directive on the first National Ecology Day on August 14, 2023.

Today, more and more young people are travelling to Yucun, to Anji to start careers there, becoming a new generation of “two mountains” concept practitioners. The seeds planted 20 years ago are now taking root in many people’s lives, growing toward broader horizons.

A 20-Year Green Transition

On August 15, 2005, when Pan attended the symposium, he was a young official in Yucun village, and the only university graduate there. For the day, he made a trip to the county town to buy a white shirt.

At the time, Pan silently made a vow to lead Yucun onto a long-term path of green development and build a “paradise of bamboos and peach trees.”

Yucun was, in fact, under great pressure to explore economic transformation. In the 1980s and 1990s, thanks to high-quality limestone resources, the village had become the “richest village” in Anji. At its peak, Yucun boasted three mines, one cement plant, and over 100 tractors shuttling back and forth.

However, this model of “living off the mountain” came at the cost of an overexploited environment – vegetation was destroyed, air was polluted, rivers had been turned black, and pedestrians were perpetually covered in dust.

For Pan, a Yucun native, the childhood memories of peach and plum trees in front of homes and clear blue skies had long disappeared.

According to the Xinhua News Agency, in December 2002, Xi, then secretary of the Zhejiang Provincial Committee of the CPC, proposed during the second plenary session of the 11th provincial Party committee the active implementation of a sustainable development strategy, aiming to build a “Green Zhejiang.” Using the construction of an ecological province as the main vehicle, the province should strive to achieve coordinated development among the population, resources, environment, and the economy.

In June 2003, Zhejiang Province launched the “Thousand Villages Demonstration and Ten Thousand Villages Renovation” project, with the aim of comprehensively renovating ten thousand administrative villages in the province and building a thousand key villages of them into all-round well-off model villages.

Guided by the policy, the officials of Yucun village made the resolute decision to close its quarries and cement factory, and began exploring the development of ecological tourism.

On August 15, 2005, Xi visited Yucun and highly affirmed its approach. According to Xinhua, Xi noted that in the past, we said we want both lucid waters and lush mountains, and invaluable assets. In fact, lucid waters and lush mountains are invaluable assets – they themselves have value.

The proposal of the “two mountains” concept further strengthened the confidence of Yucun officials and villagers in pursuing green development. Pan recalled that in the years that followed, Yucun undertook mine rehabilitation, expanded greenery, and mobilized villagers to clean ditches, repair roads, and repaint walls, transforming the previously shabby village into public spaces resembling scenic spots.

In addition, the previously scattered household workshops and small factories were reorganized into collective businesses such as farm stays, specialty product sales, and experience-based tourism. For the first time, villagers realized that working together could also generate wealth.

Before each step was taken, Pan would clearly explain the financial and logic, striving to safeguard villagers’ interests. Though disagreements inevitably arose, the villagers’ sincerity and reasonableness helped resolve conflicts.

Yucun’s exploration ultimately paid off. The implementation of the “two mountains” concept has led to significant ecological improvement, economic growth, and social progress.

Today, in this small village of only 4.86 square kilometers, hundreds of thousands of tourists visit annually.

According to Pan, more than 100 households in the village now run their own businesses, from farm stays to specialty stores, experience centers to social media hotspots. Business is booming, popularity is rising, and with that, villagers’ incomes and life satisfaction have increased.

“After 20 years of development, mountains turned green, waters became clear, and every household has a business, with expanding range. We don’t need to leave the village to find work anymore,” said Pan Chunlin, owner of Chunlin Mountain Lodge in Yucun.

“The concept of ‘lucid waters and lush mountains are invaluable assets’ has not only significantly raised our income and happiness, but also changed the fate of several generations of our family,” he said.

Xi returned to Yucun 15 years later during an inspection tour in Zhejiang in March 2020. He said time had flown, but memories of that year were still vivid. This time, what he saw was completely different, and the vision of a beautiful countryside had become reality in Yucun. The village’s achievements prove that the path of green development is correct, and once chosen, it must be followed through.

New Generation of Practitioners

On the lawn in Yucun, frisbees arc through the air in the hands of young people. The “most beautiful” rural library has also become a popular selfie-taking spot. Further out, in Anji’s cafes, a few “digital nomads” close their laptops and make plans to stroll through the tea fields.

Today’s Anji has become a hub for young people – they work, study, and live here, turning “lucid waters and lush mountains” into a sustainable lifestyle, while becoming the new generation of practitioners of the “two mountains” concept.

One of them is young millennial entrepreneur Li Yanyi. Originally from Shanghai, she has taken root in Anji’s Xilong township since 2019, where she runs the “Anji Hood” project, a tourism integration complex based on the culture of Anji’s famous white tea. She and her team systematically revitalize old spaces, transforming abandoned structures into public venues, shops, or guesthouses, redefining rural aesthetics through a more international lens.

Unlike the traditional “build a view to attract people” model, Li focuses on building communities. She transformed an abandoned bamboo and timber factory into a multifunctional community space, launching the “DNA (Digital Nomad Anji)” project in 2021.

Programmers, designers, and creatives have moved their studios into this mountain-water setting, working remotely during the day and chatting in the fields at night. This has become a unique part of Anji’s landscape.

If we say Pan’s generation answered the era’s call to “close the mines,” then new Anji residents like Li are now exploring the question of “how to open up new ways of life.”

“For young people just out of university, Anji is a great option – it’s close to big cities, has a low trial and error cost, and offers a taste of rural life without leaving familiar circles all at once,” she told the Global Times.

“Lucid waters and lush mountains are a timeless human aspiration. As rural populations decline, the challenge is how to keep people here and how to make them want to live here,” she said.

This is also a concern for Pan. “In the past, once young people went to college, they left the countryside. Now the key is how to attract talented individuals to return and start new lives and businesses in the countryside.”

Statistics show that since 2019, over 50,000 young people have chosen to work and start businesses in Anji, gradually making it known as a “top destination for youth returning to the countryside.”

From Beautiful Villages to a Beautiful China

At the entrance to Yucun, nestled among lush greenery beside a small bridge over flowing water, a large stone bears the inscription “lucid waters and lush mountains are invaluable assets” – now one of the most iconic symbols of China’s ecological civilization efforts.

As the birthplace of the “two mountains” concept, Yucun draws in many visitors. During the Global Times’ visit, a group of faculty and students from Fujian Province’s Xiamen University were conducting a summer research program titled “Retracing the Two Mountains Path: Co-building the Ecological Circle.”

Jiang Yizhou, a master’s student from the College of Environment and Ecology at Xiamen University, told the Global Times that “we wanted to see how the past 20 years were actually lived. Traditionally, people view ecology and the economy as a seesaw – gains in one mean losses in the other. But here, we see they are not merely balanced – they are synergized. Both ecological protection and economic growth rise together, achieving a kind of decoupling.”

Today, the concept that “lucid waters and lush mountains are invaluable assets” has become a widespread consensus and shared action across society. According to Xinhua, regions nationwide are exploring various “two mountains” transformation paths. Models such as “protecting green for gold,” “aggregating green into gold,” and “leveraging green for gold” have been refined across 572 ecological civilization demonstration zones and 240 “two mountains” bases, with ecological dividends continuing to emerge.

At the post office at Yucun’s entrance, Global Times reporters saw several tourists writing postcards about their trip – on the back of each card was an aerial snapshot of a green and lush Yucun. Pan Chunlin’s “Chunlin Mountain Lodge” was welcoming a new group of guests. The students from Xiamen University took a group photo in front of the stone monument before heading to their next research destination.

When asked whether the vision he had for Yucun 20 years ago had come true, Pan raised his fist and replied, “That goal has been achieved, and I believe tomorrow will be even better!”

When the concept of “lucid waters and lush mountains are invaluable assets” transforms from the choice of one village into the choice of millions of lives, a Beautiful China comes into view.

Cision View original content:https://www.prnewswire.com/news-releases/global-times-from-mines-to-green-hills–two-generations-witness-20-years-of-chinas-ecological-development-miracle-under-two-mountains-concept-302530791.html

SOURCE Global Times

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