Tag: PR Newswire

• The joint venture company Green Metals Battery Innovations will construct a pre-processing facility in North Carolina to extract black mass, a key material for battery recycling
• The new facility objective is to achieve an annual processing capacity of 13,500 tons of scrap, equivalent to over 40,000 automotive batteries
• LG Energy Solution’s first battery recycling JV in North America signifies a strong commitment to collaboration on a closed-loop system and circular economy

SEOUL, South Korea, June 19, 2025 /PRNewswire/ — LG Energy Solution and Toyota Tsusho Corporation today announced the establishment of Green Metals Battery Innovations, LLC, a joint venture company focused on battery recycling. Under the agreement signed by LG Energy Solution Michigan and Toyota Tsusho America, the two partners decided to construct and operate a pre-processing plant in Winston-Salem, North Carolina.

The new plant will handle pre-processing operations to extract black mass which contains valuable raw metals such as nickel, cobalt, and lithium, by dismantling and shredding battery production scrap. In the initial stage of the joint venture’s operation, LG Energy Solution will supply scrap generated during the production of EV batteries for Toyota Motor.

The facility is scheduled to commence operations in 2026, with an objective to achieve maximum annual processing capacity of 13,500 tons of scrap — equivalent to over 40,000 automotive batteries.  

The extracted black mass will later undergo a separate post-processing stage to recover raw materials contained within. The joint venture seeks to further establish a battery-to-battery closed-loop system where those raw materials are circulated as recycled resources for new battery materials, advancing a true circular economy in the battery supply chain.

This collaboration between LG Energy Solution and the Toyota Group aims to drive carbon emissions down through circular economy initiatives. By partnering with a leading battery recycler equipped with advanced pre-processing technologies and operational know-how, LG Energy Solution intends to secure a competitive recycling infrastructure in the region.

“This joint venture will not only help secure a stable supply of key battery materials but also enhance the competitiveness of our recycling business in North America,” said Chang Beom Kang, CSO of LG Energy Solution. “We are fully committed to leading the recycling market through innovative and differentiated technologies.”

“We are proud to partner with LG Energy Solution to advance the battery recycling infrastructure in North America,” said Masaharu Katayama, COO of Toyota Tsusho. “This joint venture is a significant step toward realizing a circular economy for batteries, which is essential for building a sustainable mobility society.”

About LG Energy Solution

LG Energy Solution (KRX: 373220), a split-off from LG Chem, is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 69,600 patents. Its robust global network, which spans North America, Europe, and Asia, includes battery manufacturing facilities established through joint ventures with major automakers. Committed to building sustainable battery ecosystem, LG Energy Solution aims to achieve carbon neutrality across its value chain by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. To learn more about LG Energy Solution’s ideas and innovations, visit https://news.lgensol.com.

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SOURCE LG Energy Solution

Full-stack residential, C&I, and utility-scale solutions highlight seamless PV, storage, and energy management integration

NINGBO, China, June 18, 2025 /PRNewswire/ — On June 11, 2025, Risen Energy unveiled its Full-Stack Renewable Energy Solutions at the 18th SNEC PV Power Expo. The solutions lineup is designed to deliver a fully integrated ecosystem that brings together modules, inverters, energy storage and smart energy management platforms. These vertically integrated solutions are built to simplify procurement, reduce operational complexity, and resolve fragmented after-sales support—common issues that continue to challenge today’s solar industry.

Full-Stack Renewable Energy Solutions: Three System Configurations to Support Residential, C&I, and Utility-Scale Applications

To support a wide range of customer needs, Risen Energy has developed three targeted system solutions for the residential, commercial and industrial (C&I), and utility-scale markets. Each configuration combines customized hardware with intelligent software to ensure optimized performance and user-centric energy management:

Residential Solution – Featuring high-efficiency n-type modules, compact Luvit microinverters, and stackable storage systems, this offering is engineered to maximize safety, convenience, and energy efficiency for homeowners. Built-in Wi-Fi connectivity and rapid shutdown functionality provide smarter, safer home energy management.

C&I Solution – Built for industrial parks, factories, and other commercial environments, this hybrid system combines PV, energy storage, and diesel generation under one platform, all managed through the Risen Cloud system. This enables real-time, end-to-end digital control of generation, storage, usage, and load balancing—delivering meaningful reductions in energy costs and improved operational visibility.

Utility-Scale Solution – Powered by the high-density eTron liquid-cooled energy storage system (6.9MWh per unit), this large-scale solution delivers a 37% boost in energy density and a 23% improvement in space efficiency. Coupled with AI-driven cloud monitoring, the system helps maximize output and return on investment for developers and grid operators.

Flagship technologies on display at SNEC:

Hyper-ion Pro Module – Setting a new industry standard, this module delivers over 730Wp in mass production, with a bifaciality ratio of 90% and an ultra-low temperature coefficient of -0.24%/°C—surpassing both TOPCon and back-contact designs in core performance areas.

Next-Gen Inverter – Designed with a single-stage integrated architecture, this inverter achieves over 98% peak efficiency and a 4% increase in energy yield compared to conventional models. Symmetrical stress load distribution contributes to a 50% longer system lifespan and enhanced long-term value.

iCon Liquid-Cooled ESS – Offering modular scalability and direct integration with multiple energy inputs, this solution uses top-tier LFP cells and features IP55-rated protection for long-lasting reliability across a wide range of operating conditions. Key functions include off-grid capability, scalable capacity, and peak load balancing.

Risen Stack1 Modular ESS – Designed for deployment flexibility, this system supports configurations from 48 to 120kWh with a uniform modular architecture. A six-level battery protection system ensures safety, while deployment can be completed in under five minutes using the Risen Cloud platform for intuitive operation and maintenance.

Risen Energy also unveiled its new 4S Safety Architecture, which builds on the traditional BMS+EMS+PCS model by adding a proprietary Safety Management System (SMS). The solution applies intelligent algorithms and topologic strategy to create a closed-loop framework for prevention, control, and fail-safe operation—raising the benchmark for safety in solar storage deployments.

“From cell to system, our goal has always been to bring clean energy into everyday life,” said Song Yifeng, Director of Product Center at Risen Energy. “The future of energy doesn’t lie in standalone products, but in integrated, intelligent systems. We’re committed to pushing forward innovation across the entire energy value chain.”

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SOURCE Risen Energy Co., Ltd

SINGAPORE, June 18, 2025 /PRNewswire/ — ShawKwei & Partners (“ShawKwei”), an Asian private equity industrial investor, has completed the US$165 million acquisition and final delisting of PEC Ltd (“PEC”) from the Singapore Exchange. The PEC acquisition is by Liberty Energy Solutions Ltd (“Liberty Energy”), an investment platform established under the control of ShawKwei. 

Founded in 1982 and headquartered in Singapore, PEC is a well-established provider of maintenance and engineering, procurement, and construction (EPC) services for the oil & gas and petrochemical industries. PEC reported revenue of US$305 million, net profit of US$12 million, and a net cash position of US$110 million for the twelve months ending 31 December 2024. Please visit www.peceng.com for more information on PEC.

Liberty Energy currently has two other wholly owned subsidiaries with CR3 Group (“CR3”), a leading energy engineering solutions leader, and ZymeFlow LLC (“ZymeFlow”), an innovator in chemical decontamination technologies. This PEC acquisition accelerates Liberty Energy’s strategic development as a global platform with best-in-class energy services. The integration of PEC’s operational capabilities with Liberty Energy’s existing subsidiaries establishes the sector’s preeminent provider of comprehensive energy solutions across oil & gas and petrochemical industries with major operational offices in Singapore, Houston, Abu Dhabi, and Mumbai.

Kyle Shaw, Founder and Managing Partner of ShawKwei and Chairman of Liberty Energy, stated: “This addition of PEC’s operational expertise to Liberty Energy strengthens CR3’s engineering and manufacturing capabilities, broadens the group’s geographic spread of customers, and creates more opportunities for ZymeFlow’s proprietary decontamination technology. There are tremendous opportunities with the changing energy industry and Liberty Energy is now best positioned to serve our global clients with world-class products and services.”

PEC management will continue under the successful leadership of Chair Edna Ko and CEO Robert Dompeling as they now join Liberty Energy in meeting today’s global energy service, product, and solution demands.

About ShawKwei & Partners

ShawKwei & Partners is a private equity fund manager investing in industrial and service companies with revenues between US$50-800 million operating across Asia, Europe, and the USA. After investing, ShawKwei & Partners helps improve a business by partnering with management to identify and realize sustainable performance improvements in sales growth, margin expansion, and capital efficiency. Kyle Shaw established ShawKwei & Partners in Hong Kong in 1998 after previously managing Asian private equity funds for the Tudor Investment Group and Security Pacific National Bank. Please visit www.shawkwei.com 

About Liberty Energy Solutions

Liberty Energy Solutions is a global leader in energy engineering and proprietary technologies, serving oil & gas and petrochemical clients across North America, Asia, and the Middle East. With 200+ patents and 200+ annual plant turnarounds for industry leaders including Reliance, SPRC, Neste, Chevron, Nayara, Petronas, BP, and Shell, Liberty Energy through its subsidiaries delivers end-to-end solutions from decontamination to operational optimization, driving sustainable value across the energy sector.  Please visit libertyenergy.group 

About CR3 Pte Ltd

Founded in 1991 in Singapore, CR3 provides energy engineering solutions across 18 Asian countries, India, and the Middle East from operational bases in Singapore, Thailand, India, Malaysia, and the UAE. CR3 is well known for handling mission-critical reactor catalysts used in refining, chemical, fertilizer, and heavy industrial plants for customers in asset-intensive industries such as energy production, chemical processing, and power generation.  CR3 also offers equipment and plant maintenance, pipeline and process services, shutdowns and turnarounds, and engineering, procurement, and construction (EPC) solutions. Backed by a loyal workforce, strong customer relationships, and a wide network of technical partners, CR3 has built a reputation for excellence and is well-positioned to support the energy sector’s transition to a lower-carbon future.  Please visit www.CR3.group  

About ZymeFlow LLC

Headquartered in Houston, Texas, ZymeFlow has over 35 years of experience pioneering innovative chemical decontamination solutions that are more effective, more environmentally friendly, and less wasteful than alternative methods. As an industry leader, ZymeFlow continues to develop proprietary chemistries and application technologies such as ZymeFlow® Pro, Rezyd-HP®, CatZyme®, and ZymeFlow® LNG. Its diverse, 100% biodegradable product line helps clients meet sustainability goals, reduce downtime, and lower costs across refining, petrochemical, and LNG facilities onshore and offshore in over 55 countries.  Supported by one of the most experienced operations teams in the industry, ZymeFlow’s patented, eco-friendly solutions optimize facility performance, reduce carbon footprints, and drive green initiatives. Please visit www.ZymeFlow.com 

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SOURCE ShawKwei & Partners

LOS ANGELES, June 18, 2025 /PRNewswire/ — Scientology Network’s VOICES FOR HUMANITY, the weekly series presenting heroic change makers from a variety of faiths, cultures and nations, working to uplift their communities, announces a new episode featuring antidrug activist Jorjão Oliveira, premiering on June 18, 2025.

VOICES FOR HUMANITY airs Wednesdays at 8 p.m. ET/PT on Scientology Network.

Brazil is the world’s largest consumer of crack cocaine, and its third-largest state, Mato Grosso, ranks second highest in the nation for drug trafficking. For many youth, drug use leads to crime, prison—or worse. Jorjão Oliveira lived that firsthand. After overcoming addiction, he founded the Genesis Rap Project, blending rap with antidrug education to enlighten and empower youth throughout Brazil.

ABOUT JORJÃO OLIVEIRA

Born in Cuiabá, the capital of Brazil’s Mato Grosso state, Jorjão Oliveira found his passion in rap music early on. He began performing, formed a group and quickly rose to fame—opening for major artists and becoming one of the most recognized rap groups in the region. But as drug addiction took hold, everything fell apart. Jorjão lost his friends, his career and eventually his freedom after multiple convictions sent him to prison. After his release, he had nothing left, except a determination to change. He founded the Genesis Rap Project to turn his life experience into a message of prevention, blending rap with themes of love, faith and transformation. Today, his entire family and a growing team work alongside him to bring the Truth About Drugs to schools, churches and communities across Brazil. His work has earned recognition from the state’s legislative assembly and support from the federal government.

Jorjão Oliveira is the founder of Genesis Rap Project.

Scientology Network debuted on March 12, 2018, launched by David Miscavige, Chairman of the Board Religious Technology Center and ecclesiastical leader of the Scientology religion. Since then, Scientology Network has been viewed in over 240 countries and territories worldwide in 17 languages. Satisfying the curiosity of people about Scientology, the network takes viewers across six continents, spotlighting the everyday lives of Scientologists, showing the Church as a global organization and presenting its Social Betterment programs that have touched the lives of millions worldwide. The network also showcases documentaries by independent filmmakers who represent a cross section of cultures and faiths, but share a common purpose of uplifting communities. Scientology Network’s innovative content has been recognized with more than 125 industry awards, including Tellys, Communitas and Hermes Creative Awards. 

Broadcast from Scientology Media Productions, the Church’s global media center in Los Angeles, Scientology Network is available on DIRECTV Channel 320, DIRECTV STREAM and AT&T U-verse and can be streamed at scientology.tv, on mobile apps and via the Roku, Amazon Fire and Apple TV platforms.

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SOURCE Church of Scientology International

Event Launches National Shelter Contest with $1 Per Vote Donations and Grand Prize Adoption Event

LOS ANGELES, June 18, 2025 /PRNewswire/ — Global pop icon Kesha and Spot Pet Insurance launched their nationwide campaign for pet healthcare awareness with an exclusive listening party and adoption celebration at Wags and Walks in West Los Angeles. The event marked the start of a summer-long initiative supporting pet health, adoption, and shelter awareness across the U.S.

Guests at the June 10 event were treated to a first listen of Kesha’s upcoming album “. (PERIOD),” out July 4 via Kesha Records, while mingling with adoptable pets from Wags and Walks. As part of the celebration, Spot Pet Insurance announced the official launch of the Tails Out Tour Shelter Contest, a fan-driven campaign supporting animal shelters nationwide.

“This campaign is about access—to healthcare, to adoption, and to the support pet families need,” said Trey Ferro, CEO of Spot Pet Insurance. “We’re honored to launch this tour with Kesha and to spotlight the work of shelters across the country.”

Fans can now visit spotpet.com/kesha-tails-out to vote once per day for their favorite participating shelter through July 20. Each vote equals a $1 donation (up to $1,000 per shelter) from Spot Pet Insurance. The shelter with the most verified votes will win a grand prize Spot-sponsored adoption event, including:

• Waived adoption fees for every adopted pet

• Goodie bags from Spot Perks partners for new pet parents

• A dedicated Instagram Story shoutout from Kesha

“Animals have always been my safe space. They’re healers, best friends, and family,” said Kesha. “Partnering with Spot is about making real change—giving pets the care they deserve and helping shelters do what they do best: find these animals the loving homes they need.”

“At Wags & Walks, our mission has always been to change the perception of rescue dogs and help them find loving homes,” said Lesley Brog, founder of Wags & Walks. “Partnering with Spot Pet Insurance and Kesha allows us to bring that mission to a wider audience in a meaningful way. This collaboration is about using our collective platforms to promote adoption, highlight the value of pet insurance, and give more rescue dogs the visibility they deserve.”

Limited-edition Kesha x Spot Pet Insurance merchandise is also available, with all proceeds benefiting The Magic Mission, a nonprofit founded by Kesha’s mother, Pebe Sebert, dedicated to ending pet homelessness and abuse.

For more information or to vote, visit spotpet.com/kesha-tails-out

About Spot Pet Insurance
Spot Pet Insurance is a passionate team of pet-health-obsessed pet parents dedicated to helping dogs and cats lead longer, healthier lives. With customizable insurance plans and 24/7 vet helpline access, Spot helps makes it easier for pet parents to afford the care their pets deserve.

About Kesha
Kesha is a 2x GRAMMY® nominee and multi-platinum global superstar with 10 Top 10 singles, two #1 albums, and nearly 40 million social media followers. A fierce advocate for animal welfare and LGBTQIA+ rights, Kesha continues to use her platform to uplift causes she deeply believes in.

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SOURCE Spot Pet Insurance

ANCHORAGE, Alaska, June 18, 2025 /PRNewswire/ — Aleut Federal LLC proudly announces that Jennifer Anderson, Director of Environmental Programs for Aleut Environmental Remediation LLC (Aleut), has been named one of the “Top 50 Women Leaders of Alaska for 2025” by Women We Admire.

This recognition highlights Anderson’s outstanding leadership and deep commitment to environmental service across the state. Since joining Aleut in 2021, she has built and led the company’s Alaska-based operations, growing and diversifying its environmental portfolio to serve federal, commercial, and tribal clients. Her work reflects not only technical excellence, but also a meaningful focus on supporting the Unangax̂ people and communities across the Aleut Region.

“I’m honored to be recognized among so many incredible women shaping Alaska’s future,” said Anderson. “I’m proud of the work we’ve done at Aleut. These projects aren’t just about the science or the cleanup, they’re about the people and the place. I’m grateful to lead a team that takes that responsibility seriously every day.”

Anderson is a licensed Civil and Environmental Professional Engineer and a certified Project Management Professional with more than 25 years of experience in Alaska’s environmental sector. She has led complex programs with focus and integrity, earning a reputation for delivering high-quality results. During her four-year appointment to the Alaska State Board of Registration for Architects, Engineers, and Land Surveyors, she helped oversee licensure standards and regulatory compliance statewide.

Since launching Aleut’s Alaska office, Anderson has prioritized close collaboration with Aleut village corporations and tribal entities, providing environmental consultation, mentorship, and stewardship. Her leadership continues to guide projects that deliver high quality outcomes and support a more resilient and sustainable future for Alaska.

“Jennifer brings a level of professionalism and integrity that elevates every project she touches,” said Mark Gragg, Vice President of Environmental Services at Aleut Federal. “She leads with both technical rigor and heart, and her work makes a tangible impact not only on the land, but on the communities who depend on it.”

Women We Admire recognizes accomplished women across sectors who demonstrate visionary leadership and dedication to service. Anderson’s inclusion emphasizes the critical role women play in Alaska’s environmental and economic future, through both strategic leadership and a strong sense of purpose.

ABOUT ALEUT FEDERAL
Aleut Federal LLC (Aleut), a holding company for The Aleut Corporation‘s federal services portfolio, is an Alaska Native-owned enterprise dedicated to delivering vital services to the U.S. government across four primary sectors: Technology, Mission Support, Environmental, and Construction. Our Environmental Services Group (ESG) focuses on specialized environmental solutions such as hazardous waste disposal, radiological cleanup, munitions remediation, and site restoration, adhering to ISO 9001:2015 and DOE “Q” security standards to ensure safety and compliance.

Through our specialized subsidiaries like Aleut Environmental Remediation we bring expertise in PFAS remediation, groundwater monitoring, and advanced environmental technologies. Committed to regulatory compliance and sustainability, Aleut ESG delivers high-quality outcomes aligned with client goals.

Established under the Alaska Native Claims Settlement Act (ANCSA) of 1971, The Aleut Corporation is one of 12 original regional Alaska Native corporations. Aleut Federal’s diversified portfolio includes Small Business Administration (SBA) 8(a) certified and Small Disadvantaged Business (SDB) subsidiaries, offering specialized capabilities to meet the diverse needs of federal clients.

Berlyn Martin
Aleut Federal, LLC
Phone: 586-337-5828

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SOURCE Aleut Federal, LLC

CLEVELAND and BOSTON, June 18, 2025 /PRNewswire/ — MPE Partners (“MPE” or “Morgenthaler Private Equity”), along with its portfolio company Delphi Infrastructure Group (“DIG”), announced today the acquisition of JMF Underground (“JMF”). JMF is a provider of underground utility services for a blue-chip customer base in South-Central Pennsylvania and surrounding states. JMF specializes in horizontal directional drilling, boring, trenching, and excavation services related to the repair and maintenance of underground electrical and natural gas infrastructure.

MPE and DIG partnered in the transaction with JMF’s Founder and CEO, Joe Fisher, as well as its management team. Mark Crowson, CEO of DIG, said, “JMF Underground has become a leading provider of specialized underground solutions across the Mid-Atlantic and Eastern United States. The company’s consistent growth reflects its deep commitment to safety, reliability, and customer service under Joe’s leadership. We are proud to partner with the JMF team and support their continued expansion as part of the DIG portfolio of companies.”

Joe Fisher, Founder and CEO of JMF, stated, “I am exceptionally proud of what the JMF team has built since being founded in 2008. We are excited to join a like-minded, established, and reputable team at DIG that will enable us to better serve customers and accelerate our next phase of growth.”

Lukas Sontich, Vice President at MPE, added, “The addition of JMF Underground alongside Precision Pipeline, SabCon Underground, and Allegheny Contracting further establishes DIG as a scaled, leading provider of underground infrastructure services to a diverse set of utility customers. We are thrilled to welcome Joe and the JMF team to the organization.”

Churchill Asset Management and BMO Sponsor Finance provided financing to support the transaction. Jones Day served as legal advisor to MPE.

About JMF Underground
Headquartered in Mechanicsburg, PA, JMF Underground provides critical repair, maintenance, and installation services for underground electrical and natural gas infrastructure. JMF offers a comprehensive suite of services including horizontal directional drilling, boring engineering and design, soft excavation and core boring, trenching, excavation, and high-density polyethylene fusion services, with a specialty focus in large, hard rock drilling offerings that are offered throughout the Eastern United States. For more information, please visit www.jmfunderground.com.

About Delphi Infrastructure Group
Headquartered in Columbus, OH, Delphi Infrastructure Group (DIG) is a portfolio of companies providing repair, replacement, and maintenance services for utility customers across the gas, electrical, telecommunications, and water end markets. DIG currently encompasses the Precision Pipeline, SabCon Underground, and Allegheny Contracting operating brands. DIG offers horizontal directional drilling, excavation, hot tapping, stoppling, coating, hydrovac operations, utility locating and verification, GPS mapping, and other underground solutions throughout the Eastern United States. For more information, please visit www.digdelphi.com.

About MPE Partners
MPE Partners (“MPE” or “Morgenthaler Private Equity”) seeks to be the preferred partner for entrepreneur- and family-owned companies. Based in Cleveland, OH, and Boston, MA, MPE invests in profitable, lower middle market companies with EBITDA between $8 million and $40 million. MPE has two primary target investment areas: high-value manufacturing and commercial & industrial services. For more information, please visit www.mpepartners.com.

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SOURCE MPE Partners

STORA ENSO OYJ INSIDE INFORMATION 18 June 2025 at 19:00 EEST

HELSINKI, Finland, June 18, 2025 /PRNewswire/ — As part of its stronger focus on renewable packaging, Stora Enso is initiating a strategic review of its Swedish forest assets. The review includes assessing a potential separation and public listing of the forest assets through a partial demerger. The initiative aims to further increase business focus, streamline operations, and fully unlock the value of both the forest assets and Stora Enso’s core packaging business.

As part of this review, Stora Enso will explore various options, including a potential separation and listing of the forest business through a partial demerger into a new company that would be wholly owned by all Stora Enso shareholders. This move aims to establish two robust and independent entities, each with heightened focus and strategic agility. Stora Enso would continue to lead in renewable packaging, with strong market positions and more flexible, integrated, and cost-competitive production. Meanwhile, the Swedish forest business would emerge as Europe’s largest listed pure forest company, owning a unique class of assets with anticipated long-term value appreciation and potential for significant new revenue streams.

Following the recent agreement to divest approximately 175,000 hectares of Swedish forestland for an enterprise value of EUR 900 million, in line with book value, Stora Enso retains ownership of over 1.2 million hectares (1.0 million hectares of productive forestland) in Sweden, with a fair value of approximately EUR 5.8 billion as of 31 March 2025. While these assets are integral to Stora Enso’s wood supply chain, they possess a distinct operational, financial, and strategic profile.

“Our Swedish forest assets exemplify excellence in sustainable forestry operations and environmental stewardship,” stated Hans Sohlström, President and CEO of Stora Enso. “Initiating this strategic review underscores our commitment to maximising shareholder value while ensuring alignment with our long-term strategic objectives. By evaluating various strategic options, we aim to enhance business focus, reduce complexity, and unlock the full potential of both our forest and industrial assets.”

Stora Enso plans to provide an update on the strategic review by the end of 2025. All changes are subject to co-determination negotiations and other potential legal procedures in all impacted countries.

Webcast on Thursday 19 June 2025
Stora Enso will organise a webcast regarding the strategic review on Thursday 19 June at 11.00 EEST / 10.00 CEST. The webcast will be held in English, and it can be accessed at https://stora-enso-call-june-2025.open-exchange.net/. More information is available on storaenso.com/investors.

The forest is at the heart of Stora Enso, and we believe that everything made from fossil-based materials today can be made from a tree tomorrow. We are the leading provider of renewable products in packaging, biomaterials, and wooden construction, and one of the largest private forest owners in the world. In 2024, Stora Enso had approximately 19,000 employees, and the Group sales were EUR 9 billion. Stora Enso’s shares are listed on Nasdaq Helsinki Oy (STEAV, STERV) and Nasdaq Stockholm AB (STE A, STE R). In addition, the shares are traded in the USA OTC Markets (OTCQX) as ADRs and ordinary shares (SEOAY, SEOFF, SEOJF). storaenso.com

STORA ENSO OYJ

CONTACT:

For further information, please contact:
Carl Norell
SVP Corporate Communications
tel. +46 72 241 0349 

Investor enquiries:
Jutta Mikkola
SVP Investor Relations
tel. +358 50 544 6061

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

https://news.cision.com/stora-enso-oyj/r/stora-enso-initiates-a-strategic-review-of-its-swedish-forest-assets–inside-information-,c4166325

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SOURCE Stora Enso Oyj

Fourth annual report highlights industry-leading achievements and milestones

SCOTTSDALE, Ariz., June 18, 2025 /PRNewswire/ — Arevon Energy, Inc., a leading American energy developer, owner, and operator, has released its 2024 Sustainability Report, highlighting a year of meaningful progress in environmental performance, health and safety, and corporate governance. 

“At Arevon, sustainability isn’t a side initiative — it’s the foundation of how we build, operate, and lead,” said Kevin Smith, Chief Executive Officer at Arevon. “In 2024, we grew our renewable energy portfolio while redefining what responsible growth looks like. We scaled domestic energy generation, strengthened our ties with communities, advanced circular practices like solar panel recycling, and deepened our commitment to a diverse, inclusive, future-ready workforce. These achievements reflect more than progress — they reflect our unwavering focus on long-term impacts: for people, the planet, and the resilience of our energy future.”

Our 2024 Sustainability Report underlines a year of strong performance, innovation, and industry recognition across climate, culture, and governance. 

Arevon was ranked No. 1 in North America and No. 2 globally in GRESB’s Renewable Energy Benchmark, and received multiple national awards for workplace culture; diversity, equity, and inclusion (DE&I) leadership; and environmental, social, and governance (ESG) performance, including recognition from Energage as a Top Workplace and DE&I Practices Winner. 

Operationally, Arevon generated 6.5 million megawatt-hours of renewable electricity in 2024, avoiding 4.6 million metric tons of CO₂, while expanding its operating portfolio to 4.5 gigawatts and securing $2.4 billion in new project financing.

Arevon further embedded ESG practices across its planning, procurement, and operations divisions. As a result, the company recycled more than 11,800 solar panels, diverting more than 600,000 pounds of waste. 

On the people front, the percentage of women in leadership positions increased from 25% to 35%. Arevon also launched new mentorship and tuition reimbursement programs for its employees and its health and safety program made significant strides with new initiatives, training, and emergency preparedness programs, ensuring a safer, more prepared workforce. Notably, Arevon earned silver certification in the Solar Energy Industries Association’s (SEIA) Diversity, Equity, Inclusion, and Justice (DEIJ) Program, recognizing its ongoing commitment to and success in fostering an inclusive and diverse workplace.

Additionally, Arevon contributed more than $57 million in economic benefits, which includes state taxes, local jurisdiction taxes, payments to landowners, and charitable contributions.

Governance advances included a new vendor platform for ESG tracking, strengthened ethics and compliance policies across the organization, and the establishment of a Finance Center of Excellence to drive transparency and cost efficiency. 

Arevon’s full 2024 Sustainability Report is available here. 

About Arevon Energy, Inc.
Arevon is a U.S. energy leader committed to powering America with affordable, reliable, and secure homegrown energy. Headquartered in Scottsdale, Arizona, and with a regional office in New York City, the company’s experienced and dedicated staff develops, finances, builds, owns, and operates renewable energy projects nationwide. With a strong track record in utility-scale solar and energy storage, Arevon is a trusted partner to utilities and businesses seeking cost-effective, sustainable energy solutions. By prioritizing American manufacturing and domestic energy production, the company invests in U.S. jobs, strengthens local economies, and advances the country’s energy independence. 

Arevon owns and operates more than 4.5 gigawatts (GW) of solar and energy storage projects across 17 states, representing more than $9.3 billion in capital investment, and is constructing an additional 1.9 GW of new capacity. The company also partnered with local utilities to develop and build 480 megawatts of solar energy, ensuring each project was successfully integrated into their communities. Over the past 18 months, Arevon has completed more than $3.8 billion in project financings. With a 6 GW development portfolio and continued investment in new projects, Arevon is solidifying its role as a leader in powering an American energy future. For more information, visit arevonenergy.com. 

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SOURCE Arevon

The agreement brings Circular Services’ leading recycling operations to North Carolina, supporting Mecklenburg County’s efforts to modernize its recycling infrastructure and advance material recovery.

CHARLOTTE, N.C., June 18, 2025 /PRNewswire/ — Circular Services, a leading developer and operator of circular economy infrastructure in the United States, announced it has been selected by Mecklenburg County, North Carolina, to serve as their recycling processing and operations partner. Circular Services will take over operations of the County’s two Material Recovery Facilities (MRFs), supporting the region’s growing need for modernized recycling infrastructure and advancing local efforts to recover valuable materials at scale.

Starting June 2025, Circular Services will operate the County’s 48,510 sq. ft. MRF at 7833 Pence Road under a five-year agreement with two one-year extensions. Initially, the facility will serve in an interim capacity to process residential single-stream recyclable materials while the County undertakes a major retrofit of its flagship Metrolina MRF on Amble Drive.

Once the retrofit is complete, expected in mid-2026, Circular Services will transition residential single-stream processing to the upgraded Metrolina MRF and repurpose the Pence Road facility as a construction and demolition (C&D) recycling facility—optimized to meet the region’s growing demand for industrial material recovery. Circular Services will operate the Metrolina MRF under a separate five-year agreement with two one-year extensions.

The partnership was formally celebrated at a ribbon-cutting event held on June 17, where leaders from Mecklenburg County and Circular Services gathered at the Pence Road MRF to mark the start of this new collaboration. The event underscored both parties’ shared commitment to building local recycling capacity and investing in long-term solutions for material recovery. Speakers included Ebenezer Gujjarlapudi, Director of the Land Use & Environmental Services Agency (LUESA); Elaine Powell, Commissioner for District 1 & Chair of Environmental Stewardship Committee; Jeff Smithberger, Director of Solid Waste; and Ron Gonen, CEO of Circular Services.

“This partnership reflects Mecklenburg County’s forward-thinking commitment to strengthening local recycling infrastructure,” said Gonen. “We are proud to bring our operational expertise to North Carolina and support the County’s efforts to maximize recovery, reduce landfill disposal costs, and build a more circular local economy.”

“[The new Materials Recovery Facility (MRF)] is a picture of the County’s ongoing investment in environmental stewardship, sustainability and innovation,” said Gujjarlapudi during his remarks. “Recycling in Mecklenburg County is not optional, it is essential.”

Mecklenburg County expects to deliver over 6,000 tons of residential single-stream material to the Pence Road facility each month. Circular Services will manage the processing and marketing of these materials, as well as the maintenance and upkeep of the facilities. The company anticipates hiring 35 full-time employees to support the site’s operations, not including County staff.

The MRF at Pence Road features a BHS processing system engineered for flexibility, enabling a smooth future transition from residential recycling to industrial and C&D material processing. The facility is located just a few hundred yards from the County’s Hickory Grove Recycling Center, ensuring continued accessibility and convenience for residents.

This agreement further expands Circular Services’ national footprint, aligning with the company’s mission to build resilient, regional infrastructure that keeps valuable materials in circulation, eliminates landfill disposal costs, and supports local economic growth.

About Circular Services:

Circular Services is a leading developer and operator of circular economy infrastructure and services in the United States. With 27 operating locations, Circular Services provides holistic materials management services to municipalities and businesses across the country, keeping valuable materials in circulation and minimizing the cost and environmental impact of landfills. www.circularservices.com

Media Contact:
Alexandra Gyarfas
Circular Services
512-472-3355
alex.gyarfas@circularservices.com

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SOURCE Circular Services