Tag: PR Newswire

LEVERKUSEN, Germany, Sept. 9, 2025 /PRNewswire/ — The Bayer Foundation Women Entrepreneurs Award (BFWEA), powered by the Impact Hub Network, honours 15 women from Latin America, Africa & the Middle East, and Asia Pacific who are addressing critical challenges in healthcare and food security.

According to reports by the United Nations and World Health Organisation, nearly 295 million people globally face acute hunger and 2.33 billion live with food insecurity.  Against this backdrop, practical, scalable solutions are needed more urgently than ever.

Selected from 1,763 applicants across 117 countries, the 2025 winners are advancing innovations from AI-powered health diagnostics and climate-resilient farming to community-led nutrition models and circular economy approaches.

Since 2021, the Award has supported women entrepreneurs driving scalable solutions in these areas. Collectively, the 2024 and 2025 winner cohorts reached 3.68 million people with better healthcare, supported more than 69,000 smallholder farmers, and generated $3.93 million in additional rural income.

Chitkala Kalidas, Executive Director of Bayer Foundation, said, “We believe in the transformative power of social entrepreneurs to drive systemic change. To support their journey, we offer a multifaceted approach that includes funding, knowledge-sharing, strategic connections, and increased visibility.”

Beyond recognition: A platform for growth

Despite contributing 30% of GDP in emerging markets and influencing 70% of global consumption decisions, women entrepreneurs struggle to access capital, mentorship, and visibility, according to the World Economic Forum.

The Award addresses these gaps by providing each awardee a €25,000 cash prize, a six-month Accelerator Program, strategic mentorship, and entry into a global network through the Impact Hub Network.

Kalidas added, “Through our partnership with Impact Hub, we connect entrepreneurs to resources and networks that help scale their impact. This strengthens locally-driven responses to health and food challenges, while building sustainable innovation ecosystems.”

Proven results at scale

Since its launch in 2021, the Award has supported 55 women entrepreneurs whose ventures have created measurable impact in health and food security. In 2024, winners achieved an average revenue growth of 84% within six months, a testament to what’s possible when women entrepreneurs have the resources, networks, and visibility they need to lead change.

The 2025 cohort builds on this track record, addressing systemic challenges with solutions designed for global impact. All profiles of the 15 winners can be found on bayerfoundation-wea.com

Each year, Bayer Foundation publishes a white paper on the challenges of women entrepreneurs in low- and middle-income countries (LMICs), highlighting areas where greater support is needed. The 2025 Bayer Foundation White Paper offers actionable insights.  

About Bayer Foundation
Bayer Foundation drives social innovation by supporting entrepreneurs and organisations focused on health and food security, creating impactful ecosystems for underserved communities.

About Impact Hub Network
Impact Hub is a global network in 120+ locations, empowering 500,000+ Impact Makers to build inclusive and sustainable businesses for people and the planet.

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SOURCE Bayer Foundation Women Entrepreneurs Award

– For Pioneering Contributions to Conception and Development of Vertical-Cavity Surface-Emitting Laser (VCSEL) and Leadership in Its Practical Application –

TOKYO, Sept. 9, 2025 /PRNewswire/ — The Honda Foundation has selected Dr. Kenichi Iga (honorary professor at the Institute of Science Tokyo and 18th president of former Tokyo Institute of Technology), as the recipient of the 2025 Honda Prize. The international award in science and technology honors his pioneering work in conceiving the Vertical-Cavity Surface-Emitting Laser (VCSEL) and his contributions to advancing fundamental research and practical applications. The foundation is a public interest incorporated foundation established by Soichiro Honda, founder of Honda Motor Co., Ltd., and his younger brother Benjiro.

Image 1:
https://cdn.kyodonewsprwire.jp/prwfile/release/M108819/202509034541/_prw_PI1fl_mU6cH3th.jpg 

In 1980, the Honda Foundation established the Honda Prize to acknowledge research achievements that contribute to “the creation of a truly humane civilization.” Foreseeing the new potential of ecotechnology,*1 the Honda Prize is Japan’s first international award for scientific and technological achievements across a wide range of academic fields, encompassing the entire research process from discovery and invention to application and widespread usage.

In 2025, the 46th Honda Prize will be awarded to Dr. Iga for his conception of VCSEL in 1977 and his pioneering contributions to its development and practical applications. The award ceremony will take place at the Imperial Hotel in Tokyo, Japan, on November 17, 2025. In addition to the prize medal and diploma, Dr. Iga will receive 10 million yen in prize money.

*1 Ecotechnology: Human-friendly philosophy founded on science and technology and designed to harmonize the natural and human environments and find resolutions to social issues, adopting a methodology that implies something more than just “being friendly to the Earth,” which is the meaning usually associated with the word “ecology.”

Image2:
https://cdn.kyodonewsprwire.jp/prwfile/release/M108819/202509034541/_prw_PI2fl_ru2TeeqC.jpg 

What is VCSEL

VCSEL, with a vertical resonator, is more compact than conventional Edge Emitting Laser (EEL), allowing dense integration, stable single-wavelength oscillation, mass production, continuous wavelength tuning and low power consumption. These features drive innovations in optoelectronics, including high-speed data communication, fiber optics, 3D facial recognition, computer mouses and LiDAR (Light Detection and Ranging) systems for autonomous vehicles.

When Dr. Iga first proposed VCSEL, his concept was met with skepticism from both academia and industry due to concerns about its feasibility. However, through persistent research and continuous advocacy, Dr. Iga and his team gradually established global recognition for this innovative technology. In 1988, his collaborator, Dr. Fumio Koyama, later a professor at former Tokyo Institute of Technology (now the Institute of Science Tokyo), achieved the first room-temperature continuous-wave operation of a VCSEL—a decisive step toward its commercialization. Since the late 1990s, VCSELs have been industrialized worldwide, transforming modern optoelectronics and shaping numerous industries.

– Details of achievement commentaries and past Honda Prize laureates
Please see the Honda Foundation official website.
Official Website: https://www.hondafoundation.jp/en/index.html
Achievement Commentary:
https://www.hondafoundation.jp/commemoration/index_en/285/year:2025
Honda Prize Laureates: https://www.hondafoundation.jp/en/winner.html 

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SOURCE Honda Foundation

SHANGHAI, Sept. 9, 2025 /PRNewswire/ — Shanghai Electric (SEHK: 2727, SSE: 601727), a global leader in industrial and energy equipment manufacturing, announced its mid-term performance results for the period ending June 30, 2025. The Group reported revenue of RMB 54.303 billion (USD 7.605 billion), marking an 8.9% year-on-year increase, while net profit attributable to shareholders of the parent company surged by 7.3%. These results underscore the success of Shanghai Electric’s strategic growth in emerging sectors and its expanding influence in international markets.

Shanghai Electric’s three core business segments—energy equipment, industrial equipment, and integrated services—synergized operations to drive structural improvements in both revenue composition and order portfolio:

• Energy equipment segment generated operating revenue of RMB 30.116 billion (USD 4.218 billion), up 22.2% year-on-year;
• Industrial equipment segment reported revenue of RMB 18.598 billion (USD 2.604 billion), remaining largely flat compared to the same period last year;
• Integrated services segment saw modest growth, with revenue rising 3.8% to RMB 8.260 billion (USD 1.156 billion).

In the first half of 2025, Shanghai Electric secured new orders totaling RMB 109.81 billion (USD 15.38 billion). Orders in the energy equipment sector accounted for RMB 60.04 billion (USD 8.41 billion), followed by industrial equipment for RMB 22.82 billion (USD 3.2 billion) and integrated services for RMB 26.95 billion (USD 3.77 billion). Notably, orders in the new energy sector achieved robust growth rates, showing significant progress of Shanghai Electric’s green energy transition strategy.

Furthermore, the Group’s overseas revenue reached RMB 8.696 billion (USD 1.218 billion), an 11.7% increase year-on-year. Key milestones included the on-schedule completion of the Zafarabad 220kV digital substation project in Uzbekistan’s Jizzakh Province and the full commissioning of the Similajau-Bunut 500kV transmission line project in Sarawak, Malaysia. These achievements aligned with Shanghai Electric’s strategic focus on the Belt and Road Initiative and further strengthened its market share in participating countries.

Shanghai Electric prioritizes technological innovation. In the first half of the year, the Company allocated RMB 2.546 billion (USD 356.61 million) to R&D, representing 4.7% of its total operating revenue with a 9.4% year-on-year increase.

It has solidified its position as a technological pioneer and reported core breakthroughs in controlled nuclear fusion, AI and robotics innovation. Shanghai Electric delivered the world’s first cryogenic test Dewar for the ITER (International Thermonuclear Experimental Reactor) magnet in July. The Group launched its LINGKE dual-arm industrial robot and SUYUAN industrial humanoid robot, marking the initial establishment of a comprehensive robotics ecosystem spanning industrial, specialized, and intelligent robotics. Concurrently, it has strengthened its capabilities in critical components, laying the groundwork for end-to-end automation solutions.

In energy storage technology, Shanghai Electric achieved a milestone with its solid-state battery production line, where key equipment, including wet coating, mixing, rolling, and solid electrolyte transfer printing systems, has passed rigorous real-world project validation. It has accentuated the Group’s technological advancement and positioned it as a frontrunner in next-generation energy storage solutions.

For further details, please visit https://www.shanghai-electric.com/group_en/.

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SOURCE Shanghai Electric

GENEVA, Sept. 9, 2025 /PRNewswire/ — The International Organization for Standardization (ISO) and Greenhouse Gas Protocol (GHG Protocol) – a joint initiative of World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD) – have today announced a landmark partnership to harmonize their existing portfolios of greenhouse gas (GHG) standards and to co-develop new standards for GHG emissions accounting and reporting.

Under the agreement, ISO and GHG Protocol will combine their leading GHG standards into harmonized co-branded international standards. This includes standards from the ISO 1406X family of standards, alongside the GHG Protocol Corporate Accounting and Reporting, Scope 2 and Scope 3 Standards.

The harmonized portfolio will represent a major step towards a more common global language for emissions accounting – simplifying processes for companies, increasing consistency for policymakers, and reducing measurement and reporting burdens for all users.

“ISO is proud to announce this landmark partnership with GHG Protocol, which drives forward an ambition that enables co-creation, resulting in a harmonized portfolio of standards. Both ISO and GHG Protocol have a shared vision to efficiently advance climate action and simplify the task for all stakeholders. This is a new era for the carbon accounting landscape and both organizations are thrilled to be working together,” Sergio Mujica, ISO Secretary General said.

“We are very pleased to announce this historic agreement that leverages the respective strengths of both organizations. Harmonizing corporate, product and project-level GHG accounting standards is key. With users top of mind, this partnership establishes a new mechanism for long-term collaboration, demonstrating our commitment to reducing complexity in the field of international standards and allowing the development of the core frameworks needed to enable meaningful climate action across stakeholder groups,” Geraldine Matchett, Steering Committee Chair of GHG Protocol said.

One of the barriers to effective climate action is the fragmentation of standards and policies. This new partnership, which includes a common approach and portfolio of dual-logo standards covering corporate, product and project accounting, addresses that challenge by aligning the existing portfolio of GHG standards and providing a shared platform for future co-development.

Both ISO and GHG Protocol standards have been widely adopted by organizations around the world. The ISO 1406X family of standards is used by governments in legislation and regulation and forms the foundation for GHG reporting and verification frameworks in many industries. GHG Protocol standards are relied upon by leading sustainability and disclosure initiatives.

By combining standards from the ISO 1406X series and the GHG Protocol suite of standards, the partnership will bring technical rigor, policy relevance and practical usability into one set of standards.

Experts from both organizations will now collaborate through an integrated technical process, with the goal of delivering cohesive standards that meets the needs of all users, and support robust, science-based decarbonization across regions, sectors and economies.

More information about ISO is available at www.iso.org. More information about GHG Protocol is available at www.ghgprotocol.org.

Contact: Katie Clift, press@iso.org, +351 913 976 202

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SOURCE International Organization for Standardization (ISO)

SALT LAKE CITY, Sept. 8, 2025 /PRNewswire/ — On the eve of President Russell M. Nelson‘s 101st birthday, The Church of Jesus Christ of Latter-day Saints released a photo of the prophet taken in his office on Sunday, September 7, 2025.

The leader of the worldwide Church enjoyed a pre-birthday celebration Sunday with a small gathering of family members at the Church Administration Building in Salt Lake City. His birthday is Tuesday, September 9.

Earlier this week, TIME magazine published an op-ed authored by President Nelson. His “birthday wish for all of us,” he wrote, is to embrace eternal truths that “we are happiest when we remember our divine worth and extend that recognition to others — beginning with our own families.”

Read the full article in TIME here.

President Nelson’s 101st birthday has prompted millions of Latter-day Saints and friends worldwide to reflect on and share how the leader’s teachings have increased their faith in and desire to follow the Savior Jesus Christ.

Highlights from President Nelson’s Ministry

• September 9, 1924: Born in Salt Lake City, Utah.
• April 7, 1984: Called as an Apostle for The Church of Jesus Christ of Latter-day Saints.
• July 15, 2015: Became President of the Quorum of the Twelve Apostles.
• January 14, 2018: Set apart as the 17th President of The Church of Jesus Christ of Latter-day Saints, succeeding President Thomas S. Monson after his death.
• April 1, 2018: Introduced an enhanced focus on service and ministering to others through creation of the ministering program.
• October 6, 2018: Introduced a new worldwide two-hour Church schedule and new resources for daily at-home gospel study, creating a more “home-centered, Church-supported” model of gospel learning.
• October 7, 2018: Emphasized the importance of referring to The Church of Jesus Christ of Latter-day Saints by its full name, reinforcing the sacred nature of that name.
• March 2020: Led the Church in adapting to the start of the global COVID-19 pandemic, including innovations in online missionary work and ways Church members could worship together and minister to each other remotely.
• 2018–Present: Continues to lead the Church with a focus on following the fundamental principles of the gospel of Jesus Christ, temple building, personal revelation, and preparing for the Second Coming of Jesus Christ.

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SOURCE The Church of Jesus Christ of Latter-day Saints

OLD TAPPAN, N.J., Sept. 8, 2025 /PRNewswire/ — Dunkin’ is thrilled to announce the grand opening of its brand-new location in Old Tappan on September 15th at 10 AM! Join us for a momentous celebration that’s not just about coffee, but also about community spirit! The first 50 customers in line who bring a canned food donation for the Old Tappan Food Pantry will receive a FREE coffee, delicious donut, exciting radio station giveaways, and an awesome swag bag!

Mark your calendars, gather those canned goods, and be part of something special! The grand opening will take place at 200 Old Tappan Rd., and we can’t wait to see you there!

Mayor Gallagher expressed his enthusiasm about this new addition to the community, stating, “Old Tappan is very happy that Dunkin’ Donuts has chosen to come to Old Tappan. Whether traveling on business or pleasure, Dunkin’ Donuts is always a welcome sight to recharge. Old Tappan runs on Dunkin!”

The Old Tappan Food Pantry https://www.oldtappan.net/boards/assistance plays a vital role in our community, with Old Tappan Social Services striving to ensure that senior and disabled residents, as well as those facing difficult times, receive the support they need to preserve their well-being and dignity. With the help of residents, town organizations, and schools, Social Services provides a well-stocked Food Pantry, including fresh produce, and special programs such as the Adopt-a-Family Holiday Program, Holiday Gift Program, Make-a-Senior-Smile Program, Spring/Fall Yard Cleanup, Snow Removal, and Emergency Financial Assistance.

The celebration will kick off at 10 AM and run until noon, featuring the radio station 105.5 FM WDHA of Beasley Media Group, which will be there remotely playing music and providing customers with free station giveaways. Local franchisee Bill Mulholland has invited local officials and first responders for the official ribbon-cutting ceremony.

“We are so excited to bring the convenience and great coffee of Dunkin’ to Old Tappan,” said Bill Mulholland, Old Tappan Dunkin’ franchisee. “For years, frequenting Dunkin’ has been a part of our daily routine, and we look forward to bringing that sense of community and tradition to the Old Tappan area for years to come!”

Don’t miss out on this exciting event! Bring your canned goods, enjoy delicious Dunkin’ treats, and celebrate with us as we embark on this new journey together.

See you on September 15th at 10 AM! Old Tappan runs on Dunkin’!

Dunkin‘, founded in 1950, is the largest coffee and donuts brand in the United States, with more than 14,000 restaurants in nearly 40 global markets. Dunkin’ is part of the Inspire Brands family of restaurants. For more information, visit InspireBrands.com.

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SOURCE Old Tappan Dunkin’

florrent’s material breakthrough enables supercapacitor solutions to unlock more performance from today’s grid, while preparing for the demands of tomorrow

NORTHAMPTON, Mass., Sept. 8, 2025 /PRNewswire/ — florrent, Inc., an energy technology company helping to solve the $150B/year power quality problem by providing economical power quality and reliability (PQ&R) solutions for a stable and decarbonized grid, today announced the successful closure of an oversubscribed $9.5M Seed-2 funding round. The round was led by MassVentures, with significant participation from Raven Indigenous Capital Partners, MassMutual Catalyst Fund, Boston Impact Initiative, Sky Foundation, Elbezius, Maroon Venture Partners Fund, and a group of mission-aligned angel investors.

This funding will accelerate florrent’s production scale-up of Contoured Carbon™, their next-generation activated carbon material, which, when applied into supercapacitors, enables high-power solutions with lower total cost, smaller footprint, and a reduced carbon footprint when compared with existing technologies. As the electrical grid undergoes its most significant transformation in over a century, florrent’s technology provides a crucial solution to the stability challenges posed by today’s dynamic loads and aging infrastructure.

“The need for grid stability is accelerating to an unprecedented scale, driven by the rapid growth of dynamic loads and the wide distribution of energy resources,” said Jose LaSalle, CEO of florrent. “florrent’s supercapacitor solution is a critical addition to the toolbox that enables better use of existing infrastructure to meet these evolving needs. A defining hallmark of this energy transition will be unlocking new economic opportunities that are shared widely—especially among communities historically marginalized or most impacted by environmental degradation. At florrent, we’re driven to join other companies demonstrating that it is possible to build a profitable business founded on innovative technology that wins on unit economics while contributing to the well-being of people and the planet.”

The foundation of florrent’s technology is a material innovation that diverts domestic biomass waste from landfills, sequestering carbon as high-value, active power media that provide critical stability for an increasingly unstable grid. Importantly, this sourcing strategy also creates opportunities to partner with—and drive meaningful economic participation for—historically underserved communities within florrent’s value chain. 

“Having led florrent’s Seed-1 funding round, we’re excited to lead again and continue our strong partnership with this exceptional team,” said Charlie Hipwood, CEO and President of MassVentures. “florrent continues to deliver impressive results while advancing their ambitious social and environmental impact mission. We’re proud to support their continued growth and help them scale solutions that create meaningful change.”

“We’re thrilled to continue to partner with Jose, Alex, Joe and the entire florrent team,” said Althea Wishloff, General Partner at Raven Indigenous Capital Partners. “As a big supporter of Indigenous- and Native-led entrepreneurs and businesses, Raven sees florrent as a means to drive positive environmental change while benefiting Tribal Nations and Peoples in raw material procurement and grid stabilization.”

florrent’s supercapacitors are made in the US and designed to integrate seamlessly into existing infrastructure, providing both front-of-the-meter and behind-the-meter resilience. They enable grid-forming capabilities, fast frequency response, and improved power quality, making them an indispensable tool for modern grid management.

florrent will use this $9.5M in new funding to hire key roles, including engineers and technicians to support their scaling manufacturing processes, scientists to expand their product development capabilities, operations specialists to drive efficiencies as they grow, and a business development leader to accelerate this next phase of commercialization. The company will be building out a new pilot manufacturing facility in Northampton, MA, which is scheduled to begin operations in 2026.

For more information about florrent and their groundbreaking work, please visit www.florrent.com or contact outreach@florrent.com.

About florrent
florrent is an energy technology company helping to solve the $150B per year power quality problem by providing economical power quality and reliability (PQ&R) solutions for a stable and decarbonized grid. florrent’s proprietary bio-derived activated carbon enables its supercapacitor solutions to lead the industry and enable widespread decarbonization and electrification.

About MassVentures
MassVentures is a leading venture capital firm focused on investing in early-stage, high-growth companies in Massachusetts. With a commitment to fostering innovation and economic development, MassVentures supports entrepreneurs who are transforming industries and creating lasting impact.

Learn more at:
https://www.mass-ventures.com/ 

About Raven Indigenous Capital Partners:
Raven is an impact-focussed venture capital fund investing in early-stage businesses led by Indigenous and Native Peoples. With $150M in assets under management and four offices across the United States and Canada, Raven’s mission is to improve the wellbeing of Indigenous entrepreneurs.

To learn more and apply for venture funding, visit Raven’s website: https://ravencapitalpartners.com/ or reach out to: Althea Wishloff, General Partner, info@ravencapitalpartners.com

Media Contact:
Joe Hastry
Co-Founder, Director of Finance & Operations
jhastry@florrent.com

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SOURCE florrent

Twice the energy. More reliable than the grid. Gigawatt-scale capacity in under a year.

LOS ANGELES, Sept. 8, 2025 /PRNewswire/ — In a defining moment for energy infrastructure, 1st Avenue Power (1AP) unveils a radical new clean power solution: a modular, rapidly deployable, fully integrated system engineered to meet the explosive energy demands of the AI era. As the grid buckles under the weight of modern computing, 1st Avenue Power introduces what the market has never seen: dispatchable, firm, cyber-secure, clean energy systems that can go live in months—not years—and scale to gigawatt capacity.

Hyperfirm™ Power: Dispatchable. Dense. Unmatched.

1st Avenue Power’s proprietary Hyperfirm™ system architecture combines solar generation, advanced storage, and AI-optimized controls into a single, integrated platform—delivering clean energy with greater reliability than the grid and unprecedented control. Through breakthroughs in solar deployment density and proprietary energy storage and power systems, Hyperfirm™ systems produce up to twice the usable energy per acre of traditional solar. This makes it the fastest, most cost-effective clean power solution on the market today.

Power systems pioneer Dr. Tom Buttgenbach launched 1st Avenue Power to do what no one else has: deliver dispatchable, firm, low-cost, cyber-secure power systems that can be deployed at speed. “Unlike any other generation technology, our industry is made up of specialized component manufacturers that are assembled on-site by construction companies,” said Buttgenbach, founder of 1st Avenue Capital and former CEO of Avantus and 8minute Solar. “We’re designing and building fully integrated systems. That’s how we get the system performance that the next generation of power infrastructure demands.”

Buttgenbach brings an unmatched track record through his leadership of 8minute Energy and Avantus: 30 GW of solar and 90 GWh of storage developed—enough to power 20 million U.S. homes day and night—over $10 billion in financing and power purchase agreements secured, and the first U.S. solar project to undercut fossil fuels on price. He led the development of the first gigawatt scale powerplant for a U.S.-based hyperscaler that commenced operation in June 2025.

See: www.1ap.com.

1st Avenue Power Fact Sheet

Founding Leadership Team

• Dr. Tom Buttgenbach, CEO – 30 GW solar + 90 GWh storage delivered; $10B+ in financing; built first U.S. solar project to beat fossil fuel costs; Ph.D. in Physics (Caltech).
• Kip Larson, CTO – Former CTO at Avantus and executive technology leader at AWS and Amazon with deep experience in AI and industrial controls..
• Drew Lowe, VP Operations – Former Apple, SiriusXM, and Disney operations executive with experience in multi-gigawatt data infrastructure.
• Dr. Finbar Sheehy, VP Technology – Former head of Technology at Avantus and industry expert, former AB Bernstein equities analyst.
• Greg McPheeters, VP Product Development – Product designer formerly with REC Solar and SnapNrack with experience in design and installation of complete turnkey solar electric systems.
• Alex Turek, VP Software Engineering – Software engineering leader at Avantus, Amazon, and Convoy; with deep experience in energy markets and software.
• Executive Advisors: Joe Inzerillo, Blair LaCorte, Jordan Greene.

Technology Innovations

• Hyperfirm™ Systems – Always-on, firm and dispatchable clean energy by integrating solar, advanced storage, and AI optimization.
• Gemini™ Architecture – Modular, high-density solar+storage power plants engineered for up to 2x firm energy output per acre, with full dispatchability.
• NatureMount™: Rapidly-deployable, terrain-following, solar array technology that enables double-density solar.
• Blackbird™ Power Systems – Solid-state, turnkey, modular systems designed for 100x higher reliability than conventional grid/thermal generation.
• AI-Driven Optimization – End-to-end predictive analytics for system efficiency, cost savings, and revenue optimization.
• Rapid Deployment – Gigawatt-scale projects rolled out in months, not years — more than 3x faster than conventional builds.

Company Overview

• Founded by: Dr. Tom Buttgenbach, power systems pioneer and founder and former CEO of Avantus/8minute Solar.
• Mission: We deliver rapidly deployable power systems that generate Hyperfirm™ and inexpensive clean power leveraging the abundance of solar to liberate energy-constrained businesses and communities around the world.
• Approach: Proprietary solar + storage architectures enhanced by AI-optimized software for reliable, dispatchable, low-cost, modular power.

Learn more: www.1ap.com

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SOURCE 1st Avenue Power

PUNE, India, Sept. 8, 2025 /PRNewswire/ — Market Outlook

The Europe Underground Mining Equipment Market is positioned for steady expansion, with projections indicating significant growth over the coming decade. According to Credence Research the market is anticipated to increase from USD 6.4 billion in 2023 to an estimated USD 8.9 Billion by 2032. This represents a compound annual growth rate (CAGR) of 3.72% from 2024 to 2032, signaling a period of sustained and positive development for the industry.

This consistent growth trajectory suggests a robust demand for underground mining equipment across Europe, likely driven by the need for essential metals and minerals. The forecasted expansion reflects continued investment in mining operations and the adoption of advanced equipment to enhance productivity, safety, and efficiency. This outlook points to a stable and evolving market where manufacturers and stakeholders can expect consistent opportunities and a favorable business environment throughout the forecast period.

Key Growth Determinants

Growing Demand for Metals and Minerals

One of the central drivers of growth in the Europe Underground Mining Equipment Market is the increasing demand for a wide range of metals and minerals across the continent. European economies depend heavily on mineral resources for critical industries such as automotive, manufacturing, construction, and renewable energy. The transition towards electric vehicles, expansion of infrastructure projects, and development of alternative energy sources (like wind and solar) are all boosting the need for key minerals such as copper, nickel, zinc, and lithium. As these sectors expand, mining companies are ramping up underground mining activities to extract these valuable resources, directly stimulating demand for advanced underground mining equipment.

Technological Advancements and Equipment Modernization

Another significant growth determinant is the rapid technological progress in mining equipment. European mining operators are increasingly adopting next-generation machinery featuring automation, digital monitoring, AI-driven analytics, and equipment electrification. These innovations offer substantial benefits, including increased operational efficiency, enhanced worker safety, cost reductions, and improved productivity. The push to automate underground mining processes—such as drilling, loading, and haulage—reduces manual labor risks and supports the industry’s safety objectives. With equipment manufacturers investing in smarter, cleaner, and more reliable solutions, mining operators are motivated to upgrade or replace older fleets, thus driving steady market growth.

Environmental Regulations and the Shift towards Sustainable Mining

Europe leads globally in environmental stewardship, with stringent regulations targeting emissions, mine safety, and sustainable resource extraction. The underground mining sector is under mounting pressure to minimize its ecological footprint, comply with tough EU regulations, and achieve climate-related targets. This has resulted in a growing preference for energy-efficient, low-emission, and electrically powered mining equipment. Mining companies are investing in greener technologies to reduce diesel consumption, lower greenhouse gas emissions, and enhance their social license to operate. The convergence of regulatory pressure and corporate sustainability commitments is accelerating the adoption of environmentally friendly underground mining equipment, becoming a key growth catalyst for the market.

Tailor the report to align with your specific business needs and gain targeted insights. Request – https://www.credenceresearch.com/report/europe-underground-mining-equipment-market

Key Trends

Electrification of Mining Fleets

A prominent trend is the move towards electrifying underground mining machinery. There is a notable rise in the deployment of battery-electric vehicles (BEVs) as mining companies aim to reduce their carbon footprint, adhere to strict emissions regulations, and lower operational expenses related to ventilation and equipment maintenance.

Automation and Digitalization

The adoption of automation, remote-control systems, and digitalization is transforming the European market. These technologies enhance worker safety by minimizing human presence in hazardous underground environments, while simultaneously boosting operational efficiency and productivity. The integration of the Internet of Things (IoT) and data analytics is also revolutionizing practices such as predictive maintenance, which helps anticipate equipment failures and reduce downtime.

Surging Demand for Critical Raw Materials

The market is strongly influenced by the increasing demand for critical raw materials essential for battery production and the renewable energy sector. The European Union’s strategic goal to source a larger share of these materials domestically is spurring investment in new mining projects and the specialized equipment required to extract minerals like copper, lithium, and nickel.

Development of Specialized and Compact Equipment

There is a growing emphasis on creating compact and specialized equipment designed for the unique conditions of European mines, which are often smaller and feature narrower veins compared to mines in other regions. This includes the development of advanced narrow-vein underground drills and other machinery optimized for efficiency in confined spaces.

Key Growth Barriers

High Capital Investment and Operating Costs

A primary obstacle to market growth is the substantial capital investment required to purchase and maintain advanced underground mining equipment. The initial cost for machinery such as drills, loaders, and trucks can be prohibitively expensive, particularly for small and medium-sized mining enterprises. For example, the price for a single piece of underground mining equipment can range from USD 500,000 to USD 1.5 million.

Beyond the initial purchase, operating and maintenance costs for fuel, electricity, labor, and repairs are also significant, affecting overall profitability and deterring investment in fleet modernization. These high costs can create a significant barrier to entry and slow the adoption of newer, more efficient technologies.

Stringent Regulations and Permitting Delays

The European mining industry is subject to some of the world’s most stringent environmental and safety regulations. While these standards drive the adoption of cleaner technologies, they also create complex and often lengthy permitting processes that can significantly delay mining projects.

Environmental permitting complexities are a major cause of project delays, with mine development timelines often extending beyond 16 years due to regulatory procedures. These delays in project approval can cause mining companies to postpone capital investments in new equipment until they have greater regulatory certainty, leading to cyclical demand and impacting market growth.

Infrastructure and Power Grid Constraints

The transition to battery-electric equipment, a key market trend, is hampered by inadequate infrastructure at many remote mining sites. The adoption of electric machinery requires substantial investment in charging infrastructure and a reliable power supply. However, many remote European mining locations face power grid limitations and congestion, with connection delays sometimes stretching for years. These grid constraints can force mining operators to delay full-scale electrification, maintain less efficient hybrid fleets, and limit the growth potential for the battery-electric equipment sector.

Key Market Opportunities

Strategic Push for Critical Raw Materials

A major opportunity stems from the European Union’s strategic focus on achieving self-sufficiency in critical raw materials. The EU’s Critical Raw Materials Act is designed to bolster domestic supply chains for minerals essential for the green and digital transitions, such as lithium, cobalt, and rare earth elements. This initiative is expected to drive substantial investment in new and existing mining projects across the continent. For instance, the EU aims to source 10% of its strategic raw materials domestically by 2030, creating sustained demand for specialized extraction and processing equipment. Projects like Finland’s Keliber lithium project, backed by significant financing, exemplify the large-scale procurement of mining equipment on the horizon.

Transition to Electric and Automated Equipment

The industry-wide shift towards electrification and automation presents a significant growth opportunity. European mining companies are increasingly adopting battery-electric vehicles (BEVs) and automated machinery to reduce emissions, improve worker safety, and lower operating costs. There has been a notable increase in the deployment of BEVs in European underground mines, a trend driven by both regulatory pressure and the operational benefits of electric equipment, such as reduced ventilation needs. This creates a strong market for manufacturers offering advanced, low-emission, and autonomous solutions. Large-scale partnerships, such as one major manufacturer’s recent deal to supply a large number of zero-emission autonomous trucks, underscore the massive scale of this opportunity.

Regional Analysis

Western Europe

Western Europe represents the largest and most mature segment of the European mining equipment market, accounting for over 40% of the total market share in 2024. Germany is a key leader in this region, with significant demand for advanced mining machinery. The market in Western Europe is characterized by a strong focus on automation, digitalization, and the adoption of environmentally friendly technologies. The presence of established mining operations and a push for modernization drive consistent demand for equipment replacement and upgrades. Furthermore, the growth of rental services is particularly prominent in this region, making advanced equipment more accessible to a broader range of operators.

Northern Europe

Northern Europe, particularly the Nordic countries of Finland and Sweden, is a critical hub for the mining of essential metals and minerals. This region is at the forefront of adopting battery-electric and automated equipment, driven by a combination of stringent environmental regulations and a need to offset skilled labor shortages. The demand for critical raw materials, such as copper and lithium, to support the EU’s green transition is a major growth driver in this area. For example, a copper project in Finland with a significant inferred resource highlights the scale of investment and the corresponding need for specialized metal mining equipment. The UK market is also expected to experience significant growth in the coming years.

Credence Research’s Competitive Landscape Analysis

According to Credence Research’s analysis, the competitive landscape of the Europe underground mining equipment market is characterized by a strong push towards innovation and sustainability, driven by the region’s increasing demand for industrial minerals and strict environmental regulations. The market is largely dominated by key players in countries such as Germany, Russia, and Poland, which are major centers for mining operations. The competitive dynamic is heavily influenced by the strategic shift towards eco-friendly, low-emission, and energy-efficient machinery to align with European standards. While Credence Research highlights these market forces, the landscape is populated by major global manufacturers including Caterpillar Inc., Sandvik AB, Epiroc AB, and Komatsu Ltd., who compete by offering technologically advanced, safe, and productive equipment tailored to the needs of the European mining sector.

Tailor the report to align with your specific business needs and gain targeted insights. Request – https://www.credenceresearch.com/report/europe-underground-mining-equipment-market

Segments

Based on Product Type

• Mining Loaders
• Mining Trucks
• Mining Drills
• Mining Bolters
• Mining Shearer

Based on Mining Technique 

• Soft Rock Mining
• Hard Rock Mining

Based on End User

• Mining Operators
• Rental Service Providers

Based on Region

• Southern Europe
• Northern Europe
• Western Europe
• Eastern Europe

Key Player Analysis

• Caterpillar Inc.
• Sandvik AB
• Epiroc AB
• Komatsu Ltd.
• Volvo Construction Equipment
• Liebherr Group

Recent Industry Developments

• April 2025: Liebherr presented more than 100 exhibits at Bauma 2025, highlighting the battery-electric T 264 autonomous mining truck and the R 9400 E electric excavator, both designed for zero emissions. The company stressed digitalization with autonomous systems and intelligent assistance, working with Fortescue to deliver emissions-free mining equipment.
• March 2025: The European Commission selected 47 Strategic Projects under the Critical Raw Materials Act, requiring EUR 22.5 billion investment across 13 EU states. These include 25 extraction, 24 processing, 10 recycling, and 2 substitution projects, targeting lithium, nickel, cobalt, manganese, and graphite for the EU battery supply chain.
• January 2025: Epiroc and ABB signed a Memorandum of Understanding to develop underground trolley equipment. The partnership focuses on electrification to raise productivity and meet decarbonization targets, expanding on successes in Swedish mines. A survey shows 76% of global mining firms see benefits in vehicle electrification.
• December 2024: Sandvik Mining and Rock Solutions upgraded the DD210 narrow vein underground drill rig. The new drill performance package allows face drilling, cross-cutting, bolting, and other operations in restricted underground spaces.
• May 2024: Epiroc acquired the remaining shares of ASI Mining, after holding 34% since 2018. This strengthens Epiroc’s advanced automation technologies to boost safety and productivity across mining operations, expanding its position in Europe.
• September 2023: Paus GmbH launched the UNI 50-3 FW underground firefighting vehicle. Built on the UNI 50-3 chassis, it features advanced fire suppression, a large water tank, and foam-mixing pumps for confined underground fires, addressing one of the EU mining sector’s major safety challenges.
• January 2023: Normet Group acquired Finnish boom system maker Rambooms and hydraulic attachment supplier Marakon. The acquisition supports Normet’s innovation and marketing goals, expanding underground and surface mining machinery and increasing revenue potential in Europe.

Reasons to Purchase this Report:

• Gain a comprehensive understanding of the market through qualitative and quantitative analyses, considering both economic and non-economic factors, with segmentation and sub-segmentation details provided in terms of market value (USD Billion).
• Identify regions and segments expected to experience the fastest growth or dominate the market, with a detailed analysis of geographic consumption patterns and the factors driving or hindering market performance in each region.
• Stay informed about the competitive environment, with rankings of major players, recent product and service launches, partnerships, business expansions, and acquisitions from the past five years.
• Access detailed profiles of major market players, including company overviews, insights, product benchmarking, and SWOT analysis, to understand competitive advantages and market positioning.
• Explore the present and forecasted market landscape, with insights into growth opportunities, market drivers, challenges, and constraints for both developed and emerging regions.
• Benefit from Porter’s Five Forces analysis and Value Chain insights to evaluate various market perspectives and competitive dynamics.
• Understand the evolving market scenario, including potential growth opportunities and trends expected in the coming years.

Tailor the report to align with your specific business needs and gain targeted insights. Request – https://www.credenceresearch.com/report/europe-underground-mining-equipment-market 

Discover additional reports tailored to your industry needs –

Global Underground Mining Equipment Market – https://www.credenceresearch.com/report/underground-mining-equipment-market

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SOURCE Credence Research Inc.

LAS VEGAS, Sept. 8, 2025 /PRNewswire/ — Absolute Dental, a leading dental care provider in Nevada, proudly announces it will surpass a major philanthropic milestone this fall: raising $250,000 for the Candlelighters Childhood Cancer Foundation of Nevada. This remarkable achievement will be reached during the upcoming SuperHero 5K at the end of September—culminating years of committed partnership, employee pledges, and community-driven events.

Candlelighters, a nonprofit supporting families facing pediatric cancer, has provided financial assistance, emotional support, and advocacy for over 40 years. The funds raised by Absolute Dental have helped ensure that local families in crisis receive the resources they need during their most difficult times.

“This cause is deeply personal to our team,” said Julie Cotton, Director of Talent and Community Partnerships at Absolute Dental. “We’re honored to stand alongside Candlelighters and the families they serve. Our mission is to change lives—one smile, and one act of support at a time.”

Since the beginning of this partnership in 2019, Absolute Dental has helped amplify Candlelighters’ mission through signature fundraising events such as:

• Absolute Dental Cares Day with Cowabunga Waterparks
• Dinks to Fight Cancer Pickleball Tournament at Chicken N Pickle
• Candlelighters Nights with the Reno Aces and Las Vegas Aviators

These efforts have not only driven donations but have also rallied families, patients, and community partners together in support of Nevada’s youngest cancer warriors.

“We’re incredibly grateful for Absolute Dental’s unwavering support,” said Christina Ramirez, Candlelighters Interim CEO. “With the landscape of nonprofit funding becoming increasingly uncertain, direct donations like these are critical to continuing our programs. Every dollar helps us offer hope, stability, and tangible assistance to families when they need it most.”

This latest milestone brings Absolute Dental Cares’ total community giving to over $450,000 since its creation in 2018. Contributions have supported uninsured patients, veterans, local dental students, and even Absolute Dental team members in need—reaffirming the organization’s mission to serve Nevada’s communities beyond the dental chair.

If you need further information regarding Absolute Dental’s partnership with Candlelighters, please contact Julie Cotton at 702-779-3668 or JCotton@AbsoluteDental.com.

About Candlelighters
As the first and oldest local organization dedicated exclusively to supporting children diagnosed with childhood cancer, Candlelighters Childhood Cancer Foundation of Nevada has been a beacon of hope for families in Southern Nevada for over 40 years. Each year, Candlelighters proudly serves approximately 400 families and 1,200 children, including both diagnosed children and their siblings. Over the past decade, the organization has provided nearly $15 million in financial assistance, emotional support, and quality-of-life programs to help families cope with the overwhelming costs of childhood cancer. These services cover medical expenses, rent and mortgage payments, travel for treatment, counseling, sibling support, and safe, supportive social opportunities to ensure no family faces this journey alone. For more information, please visit www.candlelightersnv.org or connect with us on social media: Facebook and Instagram @candlelightersnv, Twitter @Candle_Lighters.

About Absolute Dental
Absolute Dental is Nevada’s largest dental providers, offering all dentistry in one place with a commitment to quality, access, and compassion. Through its Absolute Dental Cares program, the company is committed to giving back to the communities it serves—changing lives, one smile at a time.

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SOURCE Absolute Dental