Climate tech funds show positive trajectory despite fundraising headwinds

SAN FRANCISCO, April 21, 2025 /PRNewswire/ — The climate tech sector is seeing signs of recovery as venture capital (VC) is flowing into energy, manufacturing, and carbon tech, according to the latest report from Silicon Valley Bank (SVB), a division of First Citizens Bank. Additionally, Climate tech funds are outperforming overall VC, reaching a 9% higher internal rate of return (IRR) in the 2020-2024 fund vintage.

“With continued investor interest, the Climate tech sector is showing reasons for optimism this year,” said Dan Baldi, National Head of SVB’s Climate Technology and Sustainability practice. “Clean fuels, dispatchable renewables and carbon tech are taking the spotlight, sparked by a shift toward electrification and ongoing goals to reduce emissions.”

Leveraging SVB’s proprietary data and insights, the Future of Climate Tech 2025 Report reveals the current fundraising landscape, sector trends, and explores how the industry is evolving to address challenges across the innovation economy.

SVB’s Future of Climate Tech report analyzes key themes shaping the future of climate technology, including:

  • Raising Equity is Tough, But Signs of Growth Persist: 57% of US VC-backed climate tech companies need to raise in the next twelve months even as more than half of companies are reducing burn YoY. Yet there are encouraging signs of growth – trailing 12-month venture investment is increasing, company formation remains strong, and early-stage activity is still vibrant.
  • Early-Stage Resiliency: Early-stage investment has remained more resilient than later-stage activity over the last three years, showing a healthy pipeline of companies fueling future growth of the industry.
  • Electrification Continues, Demand Accelerates: By 2030, half of electricity generation will come from renewable resources. Climate tech solutions from storage to demand response and improved transmission are poised to transform the energy and power sector.

Key findings from the Future of Climate Tech Report include:

  • Valuations and Rounds on the Rise: After valuations bottomed out in 2023, they are on the rise again with climate tech valuations overtaking VC investment at the later-stage. Aside from seed, where median deal sizes have held steady, rounds are getting bigger. Series B and C+ rounds reached decade highs of $30M and $60M, respectively in 2024.
  • Extinguishing Burn, Improving Margins: Margins improved, but revenue growth rates fell. Climate tech hardware companies saw growth rates fall from a median of 58% at the end of 2021 to just 19% by the end of 2023. While growth rates have since marginally improved, climate tech software companies are seeing higher profit margins than hardware companies. The median climate tech software company with over $50M in revenue saw a 30% higher profit margin in 2024.
  • All-Time High for Clean Power Deals: Bolstered by incentives within the IRA and Chips and Science Act that improve profit margins for many renewable energy producers, clean energy and power companies closed 382 deals and surpassed $7B investment in 2024, up 15% YoY and a more than 3x increase over pre-COVID levels.
  • M&A Back to 2020 Levels: Between mid-2023 and early 2024 deals coming from financial buyers jumped from 15% of transactions to 40% of transactions, signaling that financial buyers may be stepping in as VC investment remains low.

Learn More
To read the complete 2025 Future of Climate Tech report, click here: The Future of Climate Tech 2025

SVB is a leader in providing market insights on sectors across the innovation economy. For the complete library of SVB’s signature reports, please visit Market Research Industry Trends & Insights | Silicon Valley Bank (svb.com) 

About Silicon Valley Bank
Silicon Valley Bank (SVB), a division of First Citizens Bank, is the bank of some of the world’s most innovative companies and investors. SVB provides commercial banking to companies in the technology, life science and healthcare, private equity, and venture capital industries. SVB operates in centers of innovation throughout the United States, serving the unique needs of its dynamic clients with deep sector expertise, insights, and connections. SVB’s parent company, First Citizens BancShares, Inc. (NASDAQ: FCNCA), is a top 20 U.S. financial institution with over $200 billion in assets. First Citizens Bank, Member FDIC. Learn more at svb.com

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SOURCE Silicon Valley Bank

Earth Day 2025 Statement

WASHINGTON, April 21, 2025 /PRNewswire/ — The Engine Technology Forum issued the following statement, from Allen Schaeffer, executive director on the eve of Earth Day 2025 (April 22):

“As we recognize Earth Day 2025, we celebrate all that has been accomplished, but recognize more must be done.  

“The economic, energy, and environmental challenges facing society today are complex and don’t have a singular solution. Our future depends on a world where zero emission technology and advanced engines compete and co-exist. Manufacturers of engines and equipment, component suppliers, and fuel producers are meeting this moment with a range of increasingly efficient and productive options available for powering the nation’s cars, trucks, machines, and equipment as well as energy-rich, clean, and renewable fuel options to power them.

“Internal combustion engines (ICEs) will remain the standard and often the only power option in hundreds of applications serving every corner of the globe for the foreseeable future, which makes the continuous improvements in engines and fuels critical to ensuring progress toward environment and energy goals.

“Engine and equipment makers are meeting the challenge of a more sustainable environment through reduced emissions, improved fuel efficiency, remanufacturing of engines and components, and expanded use of renewable biofuels as well as new fuels like hydrogen, methanol, and ammonia.

According to EPA, national concentrations of all criteria pollutants are now below the most recent health-based standards. This could have not been accomplished without the continuous improvement in design, materials, combustion efficiency, and emissions controls that have defined the engine, vehicle, and equipment industries for several decades. Since 2010 for commercial trucks and 2014 for most off-road equipment, emissions from advanced engines have been reduced by over 90% to today’s near zero levels.

“Beyond achievements in lower emissions, engines are increasingly energy efficient, contributing to significant reductions of carbon emissions. For example, in the nation’s trucking fleets recent real world tests and Federal Highway Administration Data show the national average fuel economy of commercial trucks has improved by 16-18% over 2013 models, with some individual drivers and fleets reporting gains of over 50%.

“Expanding the use of advanced renewable biofuels in all engines contributes to reducing emissions while diversifying our energy resources. The U.S. is on track to surpass 5 billion gallons of biodiesel and renewable diesel consumption for the first time in 2024. In California 70% of the state’s diesel fuel pool is now renewable diesel fuel, a drop-in replacement for petroleum diesel. In 2024, more than 79% of all natural gas used in the transportation sector was renewable natural gas, a fuel that can achieve a carbon-negative fleet outcome depending on its source.  

“Virtually all of the several hundred million engines in the population can utilize some level of renewable biofuels. From using 100% renewable diesel in backup power generators and marine vessels and locomotives to expanding the use of biodiesel in highway trucks, renewable fuels provide a growing choice for vehicle and equipment owners to do their share for a better environment.

“The potential of hydrogen for ICE holds additional promise as a new option to power the trucking and heavy equipment sectors. New engines designed to run on hydrogen, methanol, ammonia, and e-fuels demonstrate the engine industry’s commitment to offer new and innovative options for powering marine vessels, commercial trucks, and heavy equipment.

“For several decades, remanufacturing of engines and components has been standard practice of the engine industry; reducing demand for raw materials, energy consumption, and waste generated while providing important options for engine and equipment users. From heavy-duty engines to components like fuel injectors and emissions control catalysts, remanufacturing contributes to an expanding circular economy.”

About the Engine Technology Forum

Founded on the principles of fact-based education, science, outreach and collaboration, the Engine Technology Forum is dedicated to promoting a greater understanding of the benefits of advanced engines and the fuels that they use, as well as how these contribute to a sustainable future. Connect with us on LinkedInXFacebookInstagram, and YouTube. Sign up for our digital newsletter, too.

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SOURCE Engine Technology Forum

During a reroof, old asphalt shingles are removed, and new underlayment and shingles are installed. But what happens to the old shingles? Traditionally, they end up in a landfill, but shingle recycling — if available in your area — is a solution for roofing contractors.

Recycled shingles can be used in the manufacturing of hot mix asphalt for use in paving roads since they share some of the same base materials. This win-win scenario helps keep asphalt shingles out of landfills and provides raw materials to replace and repair roads. Recycled asphalt shingles can be used in roads, driveways, parking lots and hiking/biking trails.

What Is Shingle Recycling?

Asphalt shingle recycling is the process of gathering torn-off asphalt shingles from roofing projects and collecting them for recycling. This recycling process ensures the shingles are reused or repurposed and don’t end up in a landfill.

How Asphalt Shingle Recycling Works 

Steps in the asphalt shingle recycling process include:

  1. Torn-off shingles are driven to a recycling drop-off point designated by the center.
  2. Wood, and nails are removed from the shingle and separated from any gutters or jobsite waste.
  3. Shingles are loaded into specialized grinding equipment, which mechanically reduces them to about 3/8-inch, or smaller, in size.
  4. The ground-up shingles are used in hot mix asphalt.

Asphalt Shingle Recycling Benefits 

Recycling asphalt shingles instead oftaking them to a landfill is a responsible practice in areas where it’s available.

Recycling asphalt shingles:

  1. Prevents resources from accumulating in landfills.
  2. Provides raw materials for necessary products like asphalt pavement.
  3. Can help conserve natural resources: The production of asphalt shingles requires oil, which is a finite resource. By recycling shingles, the demand for virgin oil used in asphalt paving is reduced.

Owens Corning’s Commitment to Asphalt Shingle Recycling 

When it comes to construction waste, shingles make up a sizable part. And each year in the United States alone, 13 million tons of shingles are torn off homes and roofs. And now, thanks to asphalt shingle recycling programs, this material doesn’t have to end up in a landfill. Instead, it can be recycled and used in asphalt pavements.

Owens Corning Roofing has developed a workable roofing shingle recycling program. This circular approach includes all phases of the product life cycle, including:

  • Sourcing
  • Manufacturing
  • Performance
  • End of life

Contractors in the Owens Corning Roofing Contractor Network can pledge to recycle shingles, if a shingle recycling center is available in your region, after your project is complete as part of their commitment*. Look for a small, green recycling icon when browsing for contractors using our search tool.

Owens Corning aspires to diverting 2 million tons of shingles from landfills per year and has since launched a pilot shingle recycling facility in Indianapolis with our technology partner, Redivius. The pilot aims to be able to recycle torn-off shingles and reclaim the materials for use in new asphalt shingles.

How Can I Recycle My TORN-OFF Shingles? 

To help keep roofing shingles out of landfills, hire a roofing contractor that will recycle your torn-off shingles. Find independent roofing contractors in Owens Corning Roofing Contractor Network near you who have taken the shingle recycling pledge — just look for the green recycling icon next to their company name. They will take great care in ensuring your old shingles are recycled, reducing the need for virgin materials, and creating a closed-loop system where materials can be reused and repurposed*.

* Not every county or state has a shingle recycling stream available.

Frequently Asked Questions About Shingle Recycling

How can I find an asphalt shingle recycler near me? 

Look for the familiar green recycling symbol when you browse independent businesses in the Owens Corning Roofing Contractor Network. Then, when you call a roofing contractor, let them know you are interested in having your torn-off shingles recycled.

What do asphalt shingles get recycled into? 

Ground-up asphalt shingles can be used in pavement for roads and highways and into road maintenance products.

How much does asphalt shingle recycling cost? 

In most cases, there is an additional cost for recycling your torn-off shingles. The cost of asphalt shingle recycling varies by region and contractor, but in some cases, it could be free. Check with your roofing contractor for specifics.

Do roofing nails have to be removed for recycling? 

No. During the recycling process, nails are pulled out of the shingles using a magnet, so your contractor doesn’t have to remove them before gathering up the shingles.

What are shingles made of? 

Asphalt shingles are typically made of a substrate, which is fiberglass, and then coated with a filled asphalt coating and covered with granules.

Are there any benefits to shingle recycling? 

Shingle recycling aligns with the principles of a circular economy, which emphasizes the reuse and repurposing of materials instead taking them to a landfill. In addition to supporting a circular economy, shingle recycling offers various benefits, including diverting shingle waste from landfills and conserving natural resources. When shingles are recycled, it helps reduce the need for virgin materials like asphalt, mineral filler, and sand that are typically used to manufacture new shingles and pavement.

Find a Contractor in the Owens Corning Roofing Contractor Network

When you choose a roofing contractor from the Owens Corning Roofing Preferred or Platinum Contractor Network, you can take advantage of the many benefits they offer, including possible warranties and knowing your roofing project is being taken care of by an experienced team of experts. Search for a contractor today in your area with your zip code.

FIND A CONTRACTOR

The definition of “waters of the United States” (WOTUS) under the Clean Water Act (CWA) has long been a point of legal contention and regulatory complexity. The CWA establishes federal jurisdiction over “navigable waters,” which it defines as “…waters of the United States (WOTUS), including the territorial seas” (Section 502(7).

Recent court decisions—most notably Sackett v. U.S. EPA—and subsequent agency actions have significantly shifted how WOTUS is interpreted and enforced. These changes are poised to influence permitting requirements, compliance expectations, and environmental planning for a range of industries. Below is a summary of the key developments and what they could mean for businesses and environmental professionals moving forward.

WOTUS Before 2025  

Sackett v. U.S. EPA (2023) concluded that the U.S. EPA’s definitions and utilization of “adjacent” and “significant nexus” in the CWA was inconsistent with the structure of the Act. The court affirmed that the Rapanos v. United States (2006) plurality was correct – “use of ‘waters’ encompasses only those relatively permanent, standing or continuously flowing bodies of water forming geographical features that are described in ordinary parlance as streams, oceans, rivers, and lakes.”

The court agreed with narrowing non-navigable wetland coverage under the CWA to apply “when wetlands have ‘a continuous surface connection to bodies that are ’waters of the United States’ in their own right, so that there is no clear demarcation between “waters” and wetlands.’”

In summary, the CWA gives the U.S. EPA authority over the navigable waters of the U.S. To be considered WOTUS, they must be permanent, standing or continuously flowing bodies of water and have a continuous surface connection; and wetlands must be indistinguishable from adjacent, traditional WOTUS. The U.S. EPA no longer has authority over WOTUS/wetlands under the CWA through previous definitions of “adjacent” or “significant nexus”.

What’s Changing: March 2025 EPA Announcement 

Building on the Sackett decision, the U.S. EPA and the Department of the Army announced on March 12, 2025, that they  will review the definition of WOTUS and written recommendations from the public. The CWA does not directly provide a definition for WOTUS; instead, it relies on the definition of “navigable waters.”. The U.S. EPA committed to defining WOTUS in accordance with the Sackett v U.S. EPA ruling that “waters” encompasses only those relatively permanent, standing or continuously flowing bodies of water forming streams, oceans, rivers, and lakes.

U.S. EPA Administrator Lee Zeldin stated, “The previous Administration’s definition of ‘waters of the United States’ placed unfair burdens on the American people and drove up the cost of doing business. Our goal is to protect America’s water resources consistent with the law of the land while empowering American farmers, landowners, entrepreneurs, and families to help Power the Great American Comeback.”

Stakeholders who care about how WOTUS is defined—particularly those whose operations intersect with wetlands, waterways, or regulated water use—should pay close attention to the public comment period. This is a key opportunity to provide input that could shape the final definition and influence future permitting and compliance requirements.

What This Means for Clients 

While we can only speculate about client impacts until the U.S. EPA releases an initial draft of their WOTUS definition for comment, based on Zeldin’s statements and the Sackett v U.S. EPA ruling, this will likely be a win for clients and reduce their overall permitting, compliance costs, and risk.

However, as responsible environmental stewards, we should advise our clients to continue implementing all possible measures to protect sensitive receptors such as wetlands and waterways from environmental impacts, regardless of federal oversight Long-term environmental performance and public perception are still driven by broader sustainability goals and local regulatory frameworks.

What Businesses Should Expect 

Business impacts have most likely already been realized, given that these decisions stem from the Sackett v U.S. EPA (2023) ruling. The primary services affected would be limited and primarily centralized around ecological assessments, audits, and construction planning and permitting. Any additional regulatory impacts are expected to be minimal for most businesses or may be balanced by new opportunities created by this ruling, especially since many compliance obligations are still driven by state and other federal regulations.

Key Takeaways and Next Steps

The evolving definition of WOTUS continues to reshape the regulatory landscape for water and wetland protections in the United States. While recent developments point toward reduced federal oversight, this does not eliminate the need for careful planning, sound environmental practices, and awareness of local requirements. Staying ahead of these regulatory shifts ensures that clients can manage risk effectively while continuing to meet sustainability goals.

As more guidance is released, we’ll continue to monitor the situation and help our clients navigate the path forward with confidence. In the meantime, we encourage clients to stay informed and participate in the public comment process, especially if proposed changes could directly impact their operations or development plans.

Questions? Our team is happy to help. Reach out today to get answers!

Strengthening California’s Grid Resilience with Next-Generation Failsafe Battery Storage

RICHMOND, Calif., April 21, 2025 /PRNewswire/ — Viridi, the industry leader in fail-safe battery energy storage systems (BESS), has announced its acquisition of the former Moxion Power production facility in Richmond, California, along with securing a $9.3 million grant from the California Energy Commission (CEC). This funding marks a major milestone in Viridi’s mission to revolutionize energy storage and reinforces California’s leadership in clean energy innovation.

Viridi is the first and only commercial-scale BESS to be installed in existing, occupied spaces, and is deployed nationwide for indoor, behind-the-meter installations across industrial, medical, commercial, and municipal buildings. The new 40,000+ square-foot, state-of-the-art facility will establish Viridi’s bicoastal presence, expanding its service, manufacturing, R&D, and sales operations from New York to California. This strategic growth will accelerate customer adoption and product innovation, ensuring Viridi’s advanced energy storage solutions are designed to meet the unique demands of California’s evolving energy landscape.

“This grant from the CEC is a testament to the urgent need for advancing energy storage solutions that are both safe and scalable,” said Jon M. Williams, CEO of Viridi. “Our expansion to the West Coast represents more than just growth—it’s a pivotal step toward transforming California’s energy landscape. We’re honored to contribute to Governor Newsom’s vision for a fully renewable and economically sustainable energy future.

As the largest state economy in the U.S. and the fifth-largest economy in the world, California is both an economic powerhouse and a global leader in renewable technologies. However, a crucial piece of the renewable energy puzzle remains missing: fail-safe, scalable, and AI-enabled BESS.

“Energy storage plays a vital role in creating cleaner air and healthier communities,” said Liane Randolph, Chair, California Air Resources Board (CARB). “Companies like Viridi contribute to this progress through their innovative technology that provides an alternative to electricity generated by fossil fuels for on-site installations and mobile needs. Viridi’s investments are another bright spot in California’s clean energy economy — creating jobs and supporting the state’s goal of carbon neutrality by 2045.”

Viridi’s groundbreaking BESS features a proprietary anti-propagation architecture, eliminating the risks of propagation inherent in lithium-ion battery systems. Prioritizing safety, scalability, real-time remote monitoring, and advanced AI, Viridi’s BESS is designed for both stationary and mobile applications.

Because of its unique safety technology, Viridi’s BESS eliminates the need for additional fire suppression systems, HVAC, or construction, offering unparalleled adaptability for seamless installation within existing buildings. Viridi can also double the electrons sold through the utility meter, adding additional capacity at peak time-of-use demand, without adding any wires, transformers, or poles to the grid.

“Viridi’s innovative approach to energy storage aligns with California’s commitment to advancing safe, sustainable and resilient energy solutions,” said David Hochschild, Chair of the California Energy Commission. “This grant underscores the importance of fostering technologies that address our growing energy demands. Viridi’s expansion into California can help play an important role in supporting the state’s clean energy transition and strengthening grid reliability.”

From indoor installations at the DOE’s Oak Ridge National Laboratory to the 600kWh indoor energy system at the Hauptman-Woodward Medical Research Institute, as well as critical infrastructure, emergency response efforts, and high-profile events like the nation’s largest sporting event and music festivals in the desert, Viridi’s BESS is setting a new benchmark for safety and reliability. 

As part of its commitment to inclusive workforce development, Viridi also partners with GreenForce, a program that creates pathways into clean energy careers for individuals from underrepresented communities. This initiative will be expanded to the new Richmond facility, helping to build a more equitable and locally rooted energy workforce.

A press conference for the ribbon cutting will be held on Monday, April 21 from 3-4 p.m. PT, featuring remarks from David Hochschild, Liane Randolph, and Jon M. Williams. Media are encouraged to RSVP to alexandra@ponycommunications.com.

About Viridi
Viridi is transforming energy storage with its proprietary fail-safe lithium-ion battery technology. Viridi’s battery energy storage systems (BESS) feature breakthrough anti-propagation technology, preventing propagation and significantly reducing the risk of lithium-ion battery fires. Viridi’s commercial-scale BESS is among the first and only to be installed in an existing, occupied space, setting a new benchmark for safety and reliability. Engineered for seamless integration into virtually any environment, the BESS combines advanced AI and connectivity to deliver unparalleled remote monitoring and energy optimization. Viridi enables clean, scalable energy solutions across industries, paving the way for a safer, more sustainable future.

Learn more at: www.viridiparente.com, and follow Viridi on LinkedIn.

About the California Energy Commission
The California Energy Commission is the state’s primary energy policy and planning agency. It has seven core responsibilities: advancing state energy policy, encouraging energy efficiency, certifying thermal power plants, investing in energy innovation, developing renewable energy, transforming transportation, and preparing for energy emergencies.

Media Contact
Alexandra Pony
393650@email4pr.com
250.858.0656

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SOURCE Viridi Parente

BATTLE CREEK, Mich., April 21, 2025 /3BL/ – In the spirit of giving back and carrying forward the legacy of our founder, WK Kellogg Co is honoring National Volunteer Month by encouraging employees nationwide to give back to the communities they call home.

From cleaning up roadways and packing snacks for children, to serving meals and sprucing up outdoor spaces, WK Kellogg Co employees are stepping up to make a difference. Throughout April, teams are volunteering their time and energy in a variety of hands-on activities that reflect the company’s commitment to community service.

“Giving back is part of who we are,” said Stacy Flathau, Chief Corporate Affairs Officer at WK Kellogg Co. “We’re proud to see so many of our employees coming together to support their local communities. It’s one of the many ways we carry forward the legacy of our founder, W.K. Kellogg, who believed in nourishing families and communities through meaningful action.”

Employees are participating in volunteer activities across the U.S., Canada and Mexico, partnering with local organizations to serve those in need. In Battle Creek, where the company is headquartered, employees are supporting efforts at Sunlight Gardens, the Salvation Army, South Michigan Food Bank and Community Action Agency.

Last year, during the month of April, 446 WK Kellogg Co employees contributed more than 1,000 volunteer hours to over 130 organizations—and this year, that impact continues to grow.

###

ABOUT WK KELLOGG CO

At WK Kellogg Co, we bring our best to everyone, every day through our trusted foods and brands. Our journey began in 1894, when our founder W.K. Kellogg reimagined the future of food with the creation of Corn Flakes, changing breakfast forever. Our iconic brand portfolio includes Kellogg’s Frosted Flakes®, Rice Krispies®, Froot Loops®, Kashi®, Special K®, Kellogg’s Raisin Bran®, and Bear Naked®. With a presence in the majority of households across North America, our brands play a key role in enhancing the lives of millions of consumers every day, promoting a strong sense of physical, emotional and societal wellbeing. Our beloved brand characters, including Tony the Tiger® and Toucan Sam®, represent our deep connections with the consumers and communities we serve. Through our sustainable business strategy – Feeding Happiness™ – we aim to build healthier and happier futures for families, kids and communities. We are making a positive impact, while creating foods that bring joy and nourishment to consumers. For more information about WK Kellogg Co and Feeding Happiness, visit wkkelloggco.com.

ENGLEWOOD CLIFFS, N.J., April 21, 2025 /3BL/ – LG has been named the 2025 Sustainable Brand Index Leader in both the HVAC and Appliance categories by Green Builder Magazine for the second consecutive year. Announced on the eve of Earth Day 2025, this is a powerful endorsement of LG Electronics USA’s continued leadership in delivering energy-efficient, innovative solutions for homebuilders and homeowners alike.

“LG continues to refine its practices and reinvent its processes and product innovations to reduce its environmental impact in a way worthy of distinction,” said Sara Gutterman, CEO of Green Builder Media. “The company’s commitment to sustainability reflects a deep understanding of what today’s consumers value—reliability, efficiency and innovation.”

In addition to being singled out as the leading sustainable appliance and HVAC brand, LG earned two 2025 Sustainable Products of the Year distinctions for ENERGY STAR® certified induction cooking innovations, showcasing LG’s ability to fuse sleek, modern design with advanced energy-efficient technology that transforms the kitchen experience.

  • LG Smart Induction Slide-in Range: Blending sleek design with powerful performance, this range (model LSIL6332FE) combines fast, precise induction cooking with a 6.3-cubic-foot ProBake® Convection oven for even baking and air-fry functionality, wrapped in a flush, built-in aesthetic. With LG ThinQ® app connectivity and a cookware compatibility indicator, it offers a smarter, more efficient way to cook.
  • SKS 36-inch Pro Induction Range: Designed for serious home chefs, this pro-style range delivers commercial-grade performance with a 7,000-watt induction element, Flex Cooking Zones, and a spacious oven powered by SKS ProHeat™ Convection. With Smart Knobs,™ 13 cooking modes including steam sous vide, and a 10-minute Speed Clean™ cycle, model SKSIR360IS delivers a luxury experience backed by smart technology. (SKS is LG’s fast-growing luxury appliance brand.)

Beyond its award-winning appliances, LG supports builders, developers and designers through the LG Pro Builder program, a one-stop resource for high-performance, builder-focused solutions designed to power today’s connected, energy-efficient homes. Offering solutions ranging from advanced HVAC systems to heat pump water heaters and smart home electronics, LG Pro Builder simplifies the building process by providing a single-source solution that empowers professionals to deliver homes that are both future-ready and seamlessly integrated.

Empowering builders to create efficient and homeowner-friendly homes, LG’s ThinQ® smart home platform enhances connectivity, convenience and efficiency using AI-powered technology. ThinQ offers personalized features that extend product life and simplify future upgrades, including the monitoring of energy consumption and usage.

To explore LG’s award-winning lineup of smart home appliances and builder solutions, visit www.LGprobuilder.com and www.LGhvac.com.

# # #

About LG Pro Builder

LG Pro Builder, is the division of LG Electronics USA that brings the company’s broad portfolio of home appliances to building and design professionals nationwide. From custom, high-end homes to single- and multi-family dwellings with different styles and budgets, LG Pro Builder takes projects to the next level with best-in-class innovations that enable homebuilders to incorporate the right appliances for every buyer imaginable. Made up of dedicated sales and service teams with extensive builder-specific experience, LG Pro Builder also offers access to the broad LG portfolio of builder-centric products. www.LGprobuilder.com

About LG Air Conditioning Technologies USA

LG Electronics USA’s Air Conditioning Technologies business is based in Alpharetta, Ga. LG is a leading player in the air conditioning market, manufacturing both commercial and residential air conditioners and building management solutions. From consumer and individual units to industrial and specialized air conditioning systems, LG provides a wide range of products for heating, ventilating, air conditioning, water heating, and building controls. For more information, please visit www.LGhvac.com.

About LG Electronics USA

LG Electronics USA Inc., based in Englewood Cliffs, N.J., is the North American subsidiary of LG Electronics Inc., a smart life solutions company with annual global revenues of more than $60 billion. In the United States, LG sells a wide range of innovative home appliances, consumer electronics products, commercial displays, air conditioning systems and vehicle components. LG is an 11-time ENERGY STAR® Partner of the Year. www.LG.com.

Media Contacts:

John I. Taylor  
john.taylor@lge.com  
+1 201 816 2166 

Katy Donnelly  
katy.donnelly@lg-one.com  
+1 917 664 1758

Carl’s Jr. Matches Community Contributions to Help Provide Aid for Those Affected by Recent LA Wildfires

FRANKLIN, Tenn., April 21, 2025 /PRNewswire/ — Carl’s Jr. announces the conclusion of its in-store fundraising campaign for the American Red Cross Disaster Relief, the campaign raised more than $100,000 to support victims of the wildfires in Los Angeles. Running from Jan. 27 to March 15, 2025, the campaign encouraged customers to donate $1 at any Carl’s Jr. location, with all contributions going directly to aid those affected by the devastating fires. Thanks to the generosity of customers and the Carl’s Jr. team’s commitment to match donations up to $50,000.

Los Angeles is not just where Carl’s Jr. got its start; it is our home and the heart of our brand,” said Blake Devillier, president of Carl’s Jr. “The wildfires in Los Angeles have profoundly impacted our community, and we believe it’s our responsibility to give back and support those in need. We are deeply grateful for the support of our guests and team members who participated in this campaign. Together, we have made a meaningful contribution to the recovery efforts and have shown the true spirit of community.”

The funds raised will directly support the American Red Cross to continue to provide essential services, including shelter, meals and financial assistance to wildfire victims. The organization has already provided over 19,000 overnight stays in shelters and served more than 163,000 meals and snacks to those affected.

“The American Red Cross remains on the ground helping those impacted by the devastating wildfires in California,” said Joel Sullivan, regional chief executive officer for the Tennessee Region of the American Red Cross. “We are incredibly grateful for partners like Carl’s Jr. and their customers as we work together to provide relief and hope for communities in the wake of this heartbreaking disaster.”

As part of the Los Angeles community, Carl’s Jr. remains committed to supporting its neighbors and ensuring that those impacted by the wildfires receive the assistance needed.

About Carl’s Jr.  
Carl’s Jr.® is famous around the world for big, audacious, impossible-to-ignore flavors inspired by its California roots. For a bold move, guests have ordered items like over-the-top, juicy charbroiled burger creations, Hand-Breaded Chicken Tenders™, Hand-Scooped Ice-Cream Shakes™ and indulgent breakfast burgers for more than 80 years. Together with its franchisees, Carl’s Jr. operates more than 1,000 restaurants across the U.S. and has a presence in 24 countries worldwide. Learn more at www.carlsjr.com

About CKE Restaurants Holdings, Inc.  
CKE Restaurants Holdings, Inc., a privately held company based in Franklin, Tennessee, runs and operates Carl’s Jr.® and Hardee’s® restaurants, two beloved brands, known for premium and innovative menu items such as iconic charbroiled burgers, Made from Scratch™ Biscuits and Hand-Breaded Chicken Tenders™. With both a U.S. and international footprint, Carl’s Jr. Restaurants LLC and Hardee’s Restaurants LLC have more than 3,600 franchised or company-operated restaurants domestically and more than 35 international markets and U.S. territories. For more information about CKE, please visit www.ckr.com or its brand sites at www.carlsjr.com and www.hardees.com.  

About the American Red Cross:
The American Red Cross shelters, feeds and provides comfort to victims of disasters; supplies about 40% of the nation’s blood; teaches skills that save lives; distributes international humanitarian aid; and supports veterans, military members and their families. The Red Cross is a nonprofit organization that depends on volunteers and the generosity of the American public to deliver its mission. For more information, please visit redcross.org or CruzRojaAmericana.org, or follow us on social media.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/carls-jr-donates-more-than-100-000-to-american-red-cross-for-wildfire-relief-302433466.html

SOURCE CKE Restaurants Holdings, Inc.

NINGDE, China, April 21, 2025 /PRNewswire/ — On April 21, 2025, CATL unveiled three groundbreaking EV battery products at its inaugural Super Tech Day: The Freevoy Dual-Power Battery, Naxtra – the world’s first mass produced sodium-ion battery, and the second-generation Shenxing Superfast Charging Battery, as well as an integrated 24V start/stop Naxtra battery for heavy-duty trucks. These revolutionary innovations break through technological boundaries, and officially lead the industry into the “Multi-Power Era”.

The Freevoy Dual-Power Battery introduces a pioneering cross-chemistry system design that transcends the limitations of single technology paths to meet customized user needs. Naxtra, the world’s first mass-producible sodium-ion battery, breaks resource constraints and strengthens the foundation of the new energy industry. The second-generation Shenxing Superfast Charging Battery, with its peak 12C charging rate, sets a new global record for superfast charging technology.

Naxtra Battery: Breaking Performance Limits, Powering the Future of Energy

CATL’s Naxtra Battery breaks through the performance boundaries of the material itself, achieving the mass production of sodium-ion batteries for the first time. With sodium’s inherent safety and abundant reserves, it efficiently reduces dependence on lithium resources and strengthens the foundation of new energy technologies, while promoting energy utilization from “single resource dependence” to “energy freedom”.

The Naxtra Battery product line includes two categories: the Naxtra passenger EV Battery and the Naxtra 24V Heavy-Duty Truck Integrated Start-Stop Battery. Both are capable of performing across the full temperature range from -40°C to +70°C, redefining the extreme temperature limitations of batteries. The Naxtra passenger EV Battery retains 90% usable power at -40°C. In an extremely low state of charge with only 10% SOC remaining, the Naxtra passenger EV Battery can still achieve no significant power degradation at a temperature of -40 ℃.

CATL’s Naxtra passenger EV Battery achieves an energy density of 175Wh/kg, the highest among sodium-ion batteries worldwide, and comparable to LFP batteries. It offers a 500-kilometer range and can achieve over 10,000 cycles, which significantly reduces maintenance costs. In terms of safety, the Naxtra Battery eliminates combustion-supporting factors at the material level, thus achieving a transformative breakthrough from “passive defense” to “intrinsic safety”.

CATL’s Naxtra 24V Heavy-Duty Truck Integrated Start-Stop Battery boasts over 8 years of service life. It reduces total lifecycle costs by 61% compared to traditional lead-acid batteries. This product offers unique advantages including deep discharge across the entire capacity, one-click starting at -40°C, and the ability to start after being idle for a year. Compared to lead-acid batteries, it is more efficient, eco-friendly, and economical, driving commercial vehicles into a lead-free era where vehicle and battery ages as one.

This significant breakthrough made by CATL in the performance of sodium-ion batteries has filled the gap in the application of batteries in extremely cold environments. The performance breakthrough of sodium-ion batteries is a key development in the full scenario application of batteries. Thus, CATL’s Freevoy Dual-Power Battery has emerged.

Freevoy Dual-Power Battery: Ushering in the Multi-Power Era of Energy Freedom

The Freevoy Dual-Power is a breakthrough product that deeply integrates CATL’s dual-power architecture and self-forming anode technology. The dual-power architecture means that the battery pack has two powerful “independent energy zones,” which enables five dual functions: dual high-voltage, dual low-voltage, dual structure, dual thermal management, and dual thermal runaway safety protection, ensuring the continuity, stability and safety of power output. This dual-power design and innovative integration of software will provide a more stable and reliable power supply for vehicles in the upcoming L3 and L4 autonomous driving era.

The “self-forming anode technology” represents a disruptive breakthrough at the atomic level, meaning the volumetric energy density of the battery can increase by 60%, and the gravimetric energy density by 50%. This also means that more power can be engineered into the same battery pack space, supporting longer range. This technology can be flexibly paired with various material systems, and when combined with NCM systems, the energy density can be increased to over 1000Wh/L.

The “dual-electric range extension” technology pioneered by the Freevoy Dual-Power Battery can intuitively regulate the allocation strategy of two energy zones based on the vehicle’s driving status and users’ driving habits. The main energy zone of the dual-power battery can use different chemical systems of battery cells according to the users’ driving habits and scenarios, meeting daily driving needs; The extended range energy zone can adopt high specific energy self-forming anode technology to provide greater capacity to meet users’ long-distance travel needs.

Three dual-power solutions across different chemical systems were released on site:

  • Sodium-LFP Dual-Power Battery – It combines Naxtra with a LFP self-forming anode battery, fully utilizing the low-temperature performance of sodium-ion technology to provide users with an exceptional experience that excels in cold conditions while delivering extended range.
  • LFP-LFP Dual-Power Battery – It pairs the second-generation Shenxing Superfast Charging Battery with the LFP self-forming anode battery. It easily achieves 1,000 kilometers of pure electric range in sedans with a 3-meter wheelbase, reducing the commuting cost per kilometer to as low as 0.1 yuan.
  • NCM-LFP/NCM-NCM Dual-Power Battery – It integrates an NCM battery with an LFP self-forming anode battery, achieving a peak charging rate of 12C for the NCM battery in the main energy zone, providing over 1 megawatt of power. Even when SOC drops to 20%, it can still output over 600KW of power. The upgraded version of the product, consisting of an NCM battery and an NCM self-forming anode battery enables a capacity of over 180 kWh in sedans with a 3-meter wheelbase, breaking through the 1,500-kilometer pure electric range barrier.

CATL’s Freevoy Dual-Power EV Battery puts users’ needs at its center, enabling different chemical systems to “collaborate and complement each other” and overcoming the technical bottlenecks that prevent single chemical systems from adapting to all scenarios. This makes customized battery performance possible across different cost segments and application scenarios.

The innovative architecture from dual power to multi power will not be limited to the field of electric passenger vehicles, but will also be implemented in all fields such as electric buses, heavy-duty trucks, airplanes, ships, as well as industrial and commercial applications, accelerating the industrialization of renewable energy across all scenarios. At the same time, it will also accelerate the application process of cutting-edge technologies such as solid-state batteries.

Second-Generation Shenxing Superfast Charging Battery: Setting New Global Records

CATL launched its Shenxing 4C Superfast Charging Battery in 2023, ushering in the era of superfast charging. The release of CATL’s second-generation Shenxing Battery once again pushes the limits of superfast charging performance and sets new world records for charging rates.

CATL’s second-generation Shenxing Superfast Charging Battery is the world’s first LFP battery featuring both an 800 km range and a 12C peak charging rate. With a peak charging power of 1.3 MW, it achieves 2.5 kilometers of range per second of charging, virtually eliminating the frustration of waiting. In low-temperature environments of -10°C, the second-generation Shenxing Superfast Charging Battery can charge from 5% to 80% SOC in just 15 minutes, 100% faster than the industry’s highest current charging level.

Additionally, CATL’s second-generation Shenxing Superfast Charging Battery provides robust power across all temperature ranges and states of charge. Even in a low-charge state, it maintains an output power of 830kW. In the demanding environment of -10°C with low charge, it can still easily meet the power requirements for 0-100km/h acceleration.

The essence of multi-power batteries means bringing power batteries from the “parameter driven” stage to the “demand driven” stage. CATL is constantly exploring and breaking through the boundaries of technology, ushering in the multi-power era in the new energy industry – a truly user centric era.

Cision View original content:https://www.prnewswire.com/news-releases/naxtra-battery-breakthrough–dual-power-architecture-catl-pioneers-the-multi-power-era-302433439.html

SOURCE Contemporary Amperex Technology Co., Limited (CATL)

Originally published on Geena Davis Institute

A new study from Nielsen, which arrives just in time for Black History Month, serves as a reminder that Black history is being made every day. That’s increasingly true in the economic landscape, where Black America wields an outsized impact thanks to audiences that lead media engagement across multiple channels.

The Nielsen report serves as a green light for brands and programmers to invest in customer-centric strategies that deepen connections with Black audiences. And opportunities abound. The study estimates that Black audiences will pack $2.1 trillion in buying power in 2026, up 2.4 times since 2000.

Nielsen’s introduction to the study, titled “Engaging Black Audiences: How brands impact, grow and win with inclusion,” drives home this message at this pivotal juncture for advertisers:

“One thing is certain, brands’ approach to Black consumers cannot be business as usual. As more Black people embrace the nuances of their identities, they expect brand outreach and targeting to better understand and reflect them in order to earn their business long-term.”

Indeed, no audience is a monolith that can be reached by one-size-fits-all advertising. Sometimes the approach requires a more thoughtful approach via different channels. The bottom line? Expanding the net of inclusion is good for business.

The study is part of Nielsen’s “Diverse Intelligence Series” and arrives as a follow-up to a February 2024 research study from Nielsen, The global Black audience: shaping the future of media, which explored this increasingly influential demographic.

To help make sense of the latest installment, Spotlight spoke with Charlene Polite Corley, Nielsen’s Vice President of Inclusive Insights.

“Really, this is a call to action and a reminder for advertisers that just trying to reach Black consumers is about more than just business as usual at this moment,’’ she said. “It’s about connecting to the audience that is engaging with media more so than any other population.”

Nielsen’s latest study, offers critical insights into the economic and cultural influence of Black consumers, reinforcing the importance of intentional and authentic engagement.

As a longstanding partner of Nielsen, the Geena Davis Institute recognizes the value of data in shaping industry practices, and this research provides a compelling case for why media and brands must move beyond generic outreach and truly connect with audiences.

While the study focuses on consumer behavior and purchasing power, its findings highlight the need for storytelling, advertising, and content strategies that resonate with Black audiences in meaningful ways.

BLACK AUDIENCES ARE DIGITAL TRENDSETTERS

As the report notes, digital media trends are a perfect example of Black America’s outsized cultural and economic influence. Black audiences spend 31 hours and 56 minutes on apps and websites on their smartphones and tablets—two full hours more than the U.S. overall.

“There’s just this omnipresence of smartphones in particular, of just staying connected,’’ Corley said.

But any company looking for a return on investment on their ad dollar should know that it’s more complicated than that. Reaching Black audiences is one thing, but understanding how to connect deeply is the most important part.

As Corley put it, there is a difference between “Wow, they really get me!” versus “They just got to me.”

Considering how much time the Black community invests in social media and its influence in that space, brands should be on the lookout for how to create authentic connections. The Nielsen report suggests strategies such as deeper partnerships across channels with creators. A Nielsen Brand Lift study found 77 percent of creator fans felt connected to brands featured in creator content.

“The more that brands can really be intentional about what representation and inclusion looks like for their current and potential consumers – that can help make them even more effective,’’ Corley said. “Just putting up an ad and reaching someone doesn’t mean that that ad was effective, or that it was the best opportunity to really move somebody to take action.”

Nielsen’s research continues to show that the best way for brands to maximize the connection is to understand the nature of their conversations with Black audiences.

“What part of the culture are you speaking to? Because of course, there are differences in region, in lifestyle, and life stage that need to be taken into account now more than ever,’’ Corley said. “Yes, we are still a community and a diaspora, but intentionality and nuance can just really superpower a brand’s efforts and help them be more effective.”

Establishing those lines of communication could prove vital to the bottom line. Within the Black community, the influence of online buzz holds tremendous power. Nielsen determined that 44.4% of Black audiences reported buying products based on product recommendations from YouTube. That came as a bit of a surprise, considering word-of-mouth (43.7%) has historically been the key source.

“It was still close, but for Black Americans to say that – for more folks to say or agree that YouTube recommendations can have more sway than what you heard through your family or neighbors – was pretty interesting,” Corley said.

BLACK AUDIENCES ARE AVID LISTENERS

Nielsen’s research spotlighted how Black audiences tune in to audio-based media like podcasting and radio, which create personal connections to hosts – and the brands that support them.

The recent election cycle highlighted this phenomenon, the study notes, and underlined how podcasts offer audiences content that can seem less scripted and feels more authentic. There is something egalitarian about this medium – anyone with access to a microphone can start a podcast – but brands are still figuring out how to keep up with the fragmented media landscape.

Still, as Nielsen notes, the payoff can be worth it: Among Black listeners, podcast ads continue to drive strong brand recall, motivating listeners to learn more and make purchases. In fact, 73 percent of Black podcast listeners were able to recall a brand name after ad exposure compared to 70 percent overall.

Moreover, a recent Nielsen survey found that Black listeners were two times more likely to want to try a brand’s product advertised on local radio.

Corley views these statistics as an extension of how Black audiences have long gravitated toward trusted voices over the airwaves.

“It’s a cultural tradition, especially when it comes to African Americans,’’ she said. “Everybody after the election was talking about the engagement with podcasts and how important that was. But if you’ve been paying attention to data from these audiences, you know that there’s just something about audio that remains so centered to this culture. And whether that be radio or podcasts, there’s so much engagement.”

Radio and podcasts often have the advantage of delivering information in a conversational tone. Longtime listeners might even feel as if they’re hearing updates from a friend.

“It cuts to that tradition of having a conversation around these key pieces of content in the culture,’’ Corley said. “It extends really naturally to the podcast environment because it allows those people who maybe haven’t had the primary voice within the community to take the mic and talk about their experience.”

Nielsen’s survey found that 54 percent of Black listeners are more likely than overall listeners to buy a new product when their favorite podcast host or local radio personality mentions it.

“There’s just ongoing engagement with your local expert that knows the slang, knows the culture, knows the trends, knows the hit songs, but also knows the news and how it might impact you,’’ Corley said. “So there have just been decades of growing this connection when it comes to broadcast radio that remains in a lot of communities.”

The study spotlights the engagement of Black men from different age groups, including Gen X-aged men with online radio. Among Black listeners aged 18-49 the format gets 13.2 percent of all radio listening. This is a significant reach with a key demographic many advertisers are eager to engage.

“Maybe it also has to do with learning styles,’’ Corley said. “Really tuning in and hearing someone out and kind of having that conversation, and then oftentimes getting in on the conversation through comments or social media.

“So I think it’s part tradition, but also the innovation of getting to hear from more and more nuanced voices in the community than ever before. And it’s a perfect storm.”

BEYOND THE GAME: HOW SPORTS AUDIENCES INTERACT

When it comes to success stories in this space, the new basketball league called Unrivaled lives up to its billing. The 3-on-3 professional venture, which opened play in January, completed a riveting social media rollout by knowing exactly how to press their target audience’s buttons.

“Oh, my gosh, that’s a great example of somebody who is doing everything right,’’ Corely said. “They’ve been very digital-first. Particularly through Instagram, it’s really been kind of a slow drip, edge-of-your-seat type of strategy that has got everybody talking. Lots of engagement in the comment sections.”

One key has been centering the marketing on player stories, maximizing their compelling backgrounds. It’s helped drive the conversation about women’s professional basketball, specifically among Black audiences. Black fans are four times more likely to be very interested in the WNBA, according to Nielsen.

That success story drives home another finding from the Nielsen survey, which discovered that Black audiences are interested in so much more than the final score. Nielsen looked at an advanced audience of “sports superfans,” who represent the heaviest viewers of sports programming, and determined that while Black sports superfans underindex the broader sports superfan segment for watching sporting events, they’re the most likely to tune in for sports commentary.

“It’s about the game, but also the culture and context around the game,’’ Corley said. “It’s about the stats and the analysis and the ‘who’s training who’ and all of that behind-the-scenes stuff.”

That demographic wanted the commentary before and after sporting events, with an interest that was roughly four and a half times viewers in general.

“We’re seeing sort of an over-index with supporting ancillary content around the game, not just the game itself,’’ Corley said.

Advertisers should take note of the strategies that took root. Nielsen advised companies looking to make a connection to focus their investment on growing and amplifying women’s sports stories – especially for Black athletes whose contributions can often go unsung.

Furthermore, they suggested adding genuine value to the fan experience through consistent and authentic sponsorship across women’s sports. Nielsen noted that at 52 percent, Black fans are 5 percent more likely than all sports fans to believe that brand sponsors are socially responsible.

Look no further than the WNBA as proof.

“I think as the ‘W’ has continued to expand its programming strategies, the audience is answering the call and showing up,’’ Corley said. “So it’s really, really cool to see how audiences are driving a ton of growth and success across women’s sports.”

WHAT IT ALL MEANS

When Black Americans consume media, they seek culture and connection. For brands and programmers, that means exploring data-driven strategies so they can do more than merely reach Black consumers. The relationship must go deeper.

Nielsen’s study lists these findings as the two biggest takeaways:

  • The right data partners and an inclusive approach to cross-media data are essential.
  • Think beyond the generic ad buy to reach audiences wherever they’re tuned in

Corley is eager to see how this dynamic continues to evolve.

“You can have super-targeted communications, right?” she said. “And there’s a chance to take advantage of that to reflect someone’s unique experience. It’s a great opportunity to go beyond just reach and tap into a connection.

“But really connecting with us takes a little bit of a different approach – more intentional, more nuance. Because, like many other folks, there’s a demand to see perspectives and experiences reflected in the media and even the advertising that we consume.”

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