Tag: PR Newswire

TAIPEI, Aug. 14, 2025 /PRNewswire/ — PT Bank Rakyat Indonesia (Persero) Tbk (IDX: BBRI) has expanded into Taiwan and East Asia with the launch of BRI Taipei Branch, located at No. 166, Sec. 3, Nanjing East Road, Zhongshan District, Taipei City.

At the Grand Launching Ceremony on Friday, August 8, 2025, Hery Gunardi, BRI’s President Director, highlighted, “As the only Indonesian bank branch in Taiwan, BRI Taipei Branch is positioned as a comprehensive financial hub, serving around 360,000 Indonesian migrant workers with remittance, savings, and investment solutions to support their future financial planning.”

BRI Taipei Branch offers integrated financial services including savings, financing, and remittances, while introducing the Advance FX Licence and BRI ATM cards compatible with Taiwan’s banking infrastructure.

“Looking ahead, we also plan for BRI Taipei Branch to serve as an investment gateway from Taiwan to Indonesia, helping investors channel their funds through both direct and indirect investment avenues. With more competitive investment yields, we believe this will attract greater interest from Taiwanese investors,” added Hery.

At the same launching event, Arif Sulistyo, Head of the Indonesian Economic and Trade Office to Taipei, said BRI’s presence would boost Indonesia–Taiwan economic ties, noting nearly 400,000 Indonesians, mainly in caregiving and manufacturing, now reside in Taiwan.

“Formal Indonesian migrant workers in Taiwan’s manufacturing sector earn approximately 28,590 NTD (IDR 14 million), while those in domestic roles earn around 20,000 NTD (IDR 10 million). Each month, 4,000 to 6,000 new workers arrive in Taiwan, contributing to remittance flows exceeding IDR 40 trillion annually,” explained Arif.

BRI Taipei Branch has held a Full Retail Foreign Bank Branch Office license from Taiwan’s financial authority since 2021, allowing it to offer services including deposits, loans, remittances, trade finance, and treasury.

As part of its continued growth, BRI Taipei Branch is launching two new products: BRImo Taiwan, a banking super app enabling seamless transactions, including remittances to Indonesia; and BRI Taipei Future Saving, a time deposit program in NTD with instalment options over 12, 24, or 36 months.

The Taiwan expansion strengthens BRI’s international network, which includes BRI New York Agency (BRINYA), BRI Singapore Branch (BRISG), BRI Hong Kong Representative Office (BRI HKRO), BRI Timor Leste Branch (BRITL), and BRI Cayman Island Branch (BRICIB).

Information about BANK BRI at www.bri.co.id.

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SOURCE PT Bank Rakyat Indonesia Tbk (BRI)

Link to download photos, b-roll & interviews at DisneyExperiences.com 

Florida A&M, Bethune-Cookman, Hampton and Tuskegee universities among prominent programs participating in new college basketball tournament Dec. 4-7 at ESPN Wide World of Sports Complex; Format involves four men’s teams and four women’s teams; Tickets on sale now at HBCUhoops.org. 

LAKE BUENA VISTA, Fla., Aug. 13, 2025 /PRNewswire/ — Several marquee Black college basketball programs are taking part in the first-ever HBCU Hoops Invitational at Walt Disney World Resort this winter. The men’s field for the Dec. 4-7 tourney features Florida A&M University, Tuskegee University, Florida Memorial University and Barber-Scotia College, while the women’s bracket includes Bethune-Cookman University, Hampton University, Edward Waters University and Cheyney University. 

The Historically Black College and University (HBCU) men’s and women’s teams will compete inside the State Farm Field House at ESPN Wide World of Sports Complex in a single-elimination format with the chance to claim the inaugural HBCU Hoops Invitational titles. Florida A&M, which recently hired former Heisman Trophy winner Charlie Ward as head coach, headlines the men’s field, having reached the NCAA Division I Tournament three times, while Cheyney University’s women’s team is the only HBCU school to ever reach the NCAA Division I Tournament Final Four (1982). 

Beyond the court, the HBCU Hoops Invitational, which is run by HBCU Hoops Global, Inc., plans to support HBCU players, schools and students by hosting a college admissions fair at ESPN Wide World of Sports Complex, creating scholarships, providing academic assistance and identifying career development opportunities throughout the year. 

“The HBCU Hoops Invitational is far more than a basketball tournament—it’s a powerful celebration of heritage, excellence and the limitless future of HBCU athletics,” said HBCU Hoops Global vice president Haywoode Workman, who spent nearly a decade playing in the NBA before becoming an NBA referee. “We are building a legacy that extends well beyond the court to open doors to academic achievement, career readiness and financial opportunity for our scholar-athletes.” 

The new hoops tourney adds to an already bustling college basketball calendar at ESPN Wide World of Sports Complex, which hosts the WBCA Showcase (Nov. 20-23) and the ESPN Events Invitational (Nov. 24-28) during the Thanksgiving holiday week, as well as several AAU boys’ and girls’ national basketball championships.  

“We are excited about the opportunities to bring thrilling, family-friendly events to ESPN Wide World of Sports Complex and this HBCU Hoops Invitational adds to our lineup of high-caliber youth and college events,” said Jorge Senior, Disney’s Director of Sports Planning and Development. “If you’re a college basketball fan, there’s no better place to be during the holidays than at ESPN Wide World of Sports Complex.” 

Tickets for the HBCU Hoops Invitational are on sale now at www.hbcuhoops.org. 

ESPN Wide World of Sports Complex
ESPN Wide World of Sports Complex, located at Walt Disney World Resort in Florida, is the home of Disney Soccer and Disney Spring Training and one of the premier sites for amateur sports in the nation. Designed to provide professional, amateur and youth athletes with championship-level experiences, the complex has accommodated 70 different sports featuring athletes from 70 different countries. The 220-acre facility features a 9,500-seat stadium; a state-of-the-art indoor arena in addition to two field houses for competitive cheerleading, gymnastics, dance, basketball, volleyball, eSports and other indoor sports; plus 12 baseball/softball fields and 17multi-purpose outdoor fields for soccer, football and field hockey. An on-site professional production center also produces content for the Disney family of networks for global distribution. For more information, visit www.disneysportsnews.com for news releases, photos and videos and www.espnwwos.com for upcoming events.    

HBCU Hoops Global, Inc.
HBCU Hoops Global Inc. (HBCU HG) is a Tampa, Florida based 501(c)(3) that serves as an educational and philanthropic arm of the HBCU Hoops Invitational Tournament. The organization is committed to the elevation of HBCU sports, fostering educational aspirations through scholarships, student achievement, career development and success. 

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SOURCE Walt Disney World Resort

MINNEAPOLIS, Aug. 13, 2025 /PRNewswire/ — Centerspace (NYSE: CSR) published its 2024 Environmental, Social, and Governance (ESG) Report, and its inaugural Task Force on Climate Related Financial Disclosures (TCFD) report, highlighting the company’s commitment to sustainable business practices in the multifamily industry. This is the Company’s sixth annual report following its 2019 formation of an Environmental, Social, and Governance Committee established to lead identification, implementation, and tracking the progress of various sustainability initiatives.

In 2024, Centerspace prepared its annual ESG report in alignment with GRI’s 2024 Universal Standards and Topic Standards and the United Nations Sustainable Development Goals. Other key accomplishments include meeting four of five ESG goals two years ahead of schedule, completing an updated materiality assessment, raising its GRESB score from 63 to 70, and the graduation of the company’s inaugural Manager in Training class.

Centerspace is dedicated to continuous improvement in disclosure as well as climate risk mitigation. Its inaugural TCFD report serves as a foundation to manage climate risk and align with industry-standard reporting frameworks.

“These accomplishments showcase our commitment to ‘Better Every Days’ and position us to synthesize continued growth with care for our environment and community,” said Anne Olson, Centerspace President and CEO.

Centerspace is committed to exploring and implementing common-sense business practices that further its ability to operate in a responsible manner. This includes being good stewards of resources, pursuing opportunities to minimize consumption, managing and reducing waste, and conserving energy and water.

The full report can be accessed on the ESG Page of the Centerspace website at the link below:

Centerspace ESG Page link

About Centerspace
Centerspace is an owner and operator of apartment communities committed to providing great homes by focusing on integrity and serving others. Founded in 1970, Centerspace owns 73 apartment communities consisting of 13,773 homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, South Dakota, and Utah. Centerspace was named a top workplace for the sixth consecutive year in 2025 by the Minneapolis Star Tribune. For more information, please visit www.centerspacehomes.com. 

If you would like more information about this topic, please contact Josh Klaetsch, Investor Relations, at (952) 401-6600 or IR@centerspacehomes.com.

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SOURCE Centerspace

IMLS supports the Second Lady’s Nationwide Summer Reading Challenge

WASHINGTON, Aug. 13, 2025 /PRNewswire/ — The Institute of Museum and Library Services proudly supports Second Lady Usha Vance‘s nationwide Summer Reading Challenge. The challenge encourages kindergarten through eighth-grade students to continue their intellectual and personal development throughout the summer by reading at least twelve books.

To participate, students and their parents should download the Summer Reading Challenge Log, after reading twelve books over the summer. Successful participants can submit their completed logs to read@mail.whitehouse.gov by September 5th to receive a personalized certificate, a small prize, and entrance into a raffle to visit the Nation’s Capital.

“Reading during summer reinforces the lessons that our students learned during the schoolyear while addressing the summer slide and fostering a lifelong love of books,” said IMLS Acting Director Keith Sonderling. “The Second Lady’s Summer Reading Challenge is an excellent way for young people to dive into reading.”

As the largest federal funder of museums and libraries, IMLS recognizes the critical role that public and school libraries play in ensuring that students have year-round access to books. For that reason, we are working with our partners in every State Library Administrative Agency to increase awareness of the Summer Reading Challenge.

“In every US state and territory, State Library Administrative Agencies partner with local libraries and community leaders to provide reading materials that support educational opportunities. By sharing the Summer Reading Challenge with their constituents, SLAAs can leverage their broad reach and ongoing alignment with literacy initiatives,” said Teri DeVoe, IMLS Associate Deputy Director.

To learn more about Second Lady Usha Vance’s Summer Reading Challenge, please visit www.imls.gov/our-work/partnerships/summer-reading-challenge.

About the Institute of Museum and Library Services (IMLS)

The Institute of Museum and Library Services is the primary source of federal support for the nation’s libraries and museums. We advance, support, and empower America’s museums, libraries, and related organizations through grantmaking, research, and policy development. IMLS envisions a nation where individuals and communities have access to museums and libraries to learn from and be inspired by the trusted information, ideas, and stories they contain about our diverse natural and cultural heritage. To learn more, visit www.imls.gov and follow us on Facebook and LinkedIn.

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SOURCE Institute of Museum and Library Services

Presented by Elton John, David Furnish, and Charlotte Tilbury

One trendsetter will attend Versace’s 2026 Show at Milan Fashion Week, be featured in Flaunt Magazine, and take home a $20,000 cash prize.

PHOENIX, Aug. 13, 2025 /PRNewswire/ — Colossal proudly announces the launch of the online Style Icon competition, presented by Elton John, David Furnish, and Charlotte Tilbury, in support of the Elton John AIDS Foundation. Trendsetters are invited to compete for the title of Style Icon – a first-of-its-kind fashion competition – at www.StyleIcon.org. This exclusive fundraising campaign (open to residents of the U.S. and Canada, excluding Quebec) welcomes designers, fashion visionaries, and style enthusiasts of all kinds to step into the spotlight for a chance to win:

• Tickets to Versace’s Show at Milan Fashion Week 2026,
• A feature in Flaunt Magazine,
• And a $20,000 cash prize.

The competition’s donation-based voting benefits the lifesaving work of the Elton John AIDS Foundation – turning personal expression into meaningful action. The Elton John AIDS Foundation is committed to overcoming the stigma, discrimination, and neglect that continue to stand in the way of ending AIDS.

“We’re calling on fashion’s boldest voices to step into the spotlight for our Style Icon competition, where showcasing your signature style supports the Elton John AIDS Foundation’s critical mission to save lives. This is more than a search for the next trendsetter—it’s an opportunity to prove that true style icons use their platform and influence to create meaningful change in the world.” –David Furnish

“Darlings, there is so much JOY to be found in glamour! When changemakers, beauty lovers, and fashion icons unite for a cause this powerful, we don’t just follow trends — we set them and spark transformation. I am so proud to champion this magical mission with the Elton John AIDS Foundation — and I can’t wait to see all the GORGEOUS, CONFIDENT style stars shining their light and making an impact!” –Charlotte Tilbury

The competition is presented by three iconic voices in fashion, culture, and advocacy: Elton John is a global music icon and one of the top-selling artists of all time, with over 300 million records sold worldwide. Known for his stand-out style, Elton John has utilized his platform to uplift rising stars in both music and fashion. In 1992, he founded the Elton John AIDS Foundation to end AIDS for everyone, everywhere. David Furnish is an acclaimed producer and director, CEO of Rocket Entertainment, and Chair of the Elton John AIDS Foundation. Furnish has been featured as one of British GQ’s “Best Dressed Men in Britain” and once served as an ambassador for the British Fashion Council. Furnish’s advocacy work is extensive, leading global campaigns in the fight against HIV/AIDS. Charlotte Tilbury MBE is a multi-award-winning beauty entrepreneur and makeup artist who translated her artistry expertise into a global beauty empire, empowering everyone everywhere with the magic of confidence and joy.

Registration Is Now Open 

Here’s how it works: 
Apply: Trendsetters submit a photo and short application to spotlight their personal style.
Share: Competitors share their profile and encourage friends, family, and fans to vote.
Compete: The public votes for their favorite style icon, supporting the Elton John AIDS Foundation.

Open to legal residents of the U.S. and Canada (excluding Quebec), 18+. For more information and competition details, please visit: www.StyleIcon.org.

About Colossal:

Colossal is a nationally registered professional fundraiser that inspires people to advocate for themselves and those in need. Through online competitions like Style Icon, participants have the opportunity to make their mark while also making a big impact. Colossal competitions serve as fundraising campaigns for DTCare, a United States 501(c)(3) public charity organization, which then grants donation funds to specified charities at the completion of the competitions. Learn more at colossal.org. Who’s Next? 

About Elton John AIDS Foundation:

The Elton John AIDS Foundation was established in 1992 and is one of the leading independent AIDS organizations in the world. The Foundation’s mission is simple: an end to the AIDS epidemic. The Elton John AIDS Foundation is committed to overcoming the stigma, discrimination and neglect that keep us from ending AIDS. With the mobilization of our network of generous supporters and partners, we fund local experts across four continents to challenge discrimination, prevent infections and provide treatment, as well as informing government strategies to end AIDS.www.eltonjohnaidsfoundation.org. @ejaf on Instagram.

Colossal Media Contact:
Anne-Marie Pritchett
Communications Director
pr@colossal.org
602-633-4163 

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SOURCE COLOSSAL

The partnership will aggregate solar and energy storage systems through the Energy Storage Solutions program to incentivize homeowners and reduce strain on the electrical grid

HARTFORD, Conn. and SAN FRANCISCO, Aug. 13, 2025 /PRNewswire/ — The Connecticut Green Bank and GoodLeap, a leading finance and technology sustainable home solutions platform, today announced a strategic partnership to develop and operate Virtual Power Plants (VPPs) across Connecticut. This collaborative effort, enabled through the State’s Energy Storage Solutions program, will focus on deploying residential solar systems and battery energy storage to help lower energy costs, improve grid resilience, and advance Connecticut’s clean energy goals.

Enabled by GoodLeap’s AI-powered proprietary software, GoodGrid, the fastest growing VPP network in the US, and integrated with the utility’s Distributed Energy Resource Management Systems (DERMS), the VPPs can aggregate thousands of residential solar and storage systems into coordinated networks to provide grid services, such as peak demand reduction, helping reduce strain on the electrical grid, potentially deferring distribution infrastructure investments for utilities, and will better position Connecticut to meet its clean energy deployment targets. This can help lower costs for all homeowners as more expensive sources of energy can be avoided during these peaks, and will increase access to distributed energy resources.

“Together with GoodLeap, we are working to ensure that Connecticut residents — especially those in vulnerable communities — benefit from clean, resilient, and affordable energy solutions,” said Bryan Garcia, President and CEO of the Connecticut Green Bank. “We saw GoodLeap leading on VPPs in other states around the country and felt that their technology, products and services were needed in Connecticut to help our families realize the benefits of these distributed energy resources. This initiative will bring new resources to homeowners and ratepayers while supporting our state’s climate and energy goals.”

Eligible Connecticut homeowners will receive monthly cash rewards through the GoodGrid cash rewards, advancing the goals of the Energy Storage Solutions program. The Green Bank will also support the partnership through technical assistance to streamline project development and interconnection, as well as stakeholder and community engagement to boost awareness and participation while ensuring equitable access.  

“We are thrilled to work with the Connecticut Green Bank to scale residential clean energy and energy storage solutions across the state,” said Daniel Lotano, Chief Operating and Strategy Officer at GoodLeap. “Our technology has already helped tens of thousands of homeowners across the United States earn money for supporting a more reliable grid, and we’re glad to bring our AI powered VPP software and our deep residential customer expertise to Connecticut.”

Through this agreement, Connecticut Green Bank and GoodLeap will partner in ongoing collaboration on performance metrics, grid integration, and community impact reporting.

The Energy Storage Solutions program is overseen by the Public Utilities Regulatory Authority, is paid for by electric ratepayers, and is administered by the Connecticut Green Bank, Eversource, and UI. For more information on the Energy Storage Solutions program, visit https://energystoragect.com.

About the Connecticut Green Bank

The Connecticut Green Bank was established by the Connecticut General Assembly in 2011 as the nation’s first state-level green bank and has since supported the creation of nearly 30,000 green jobs in the state, while reducing the energy cost burden on over 77,000 families, businesses, and nonprofits. The Green Bank’s vision is a planet protected by the love of humanity and its mission is to confront climate change by increasing and accelerating investment into Connecticut’s green economy to create more resilient, healthier, and equitable communities. This is accomplished by leveraging limited public resources to scale-up and mobilize private capital investment into Connecticut. In 2017, the Connecticut Green Bank received the Innovations in American Government Award from the Harvard Kennedy School Ash Center for Democratic Governance and Innovation for their “Sparking the Green Bank Movement” entry. In 2021, the Green Bank’s model was expanded to include new areas of environmental infrastructure, related to climate adaptation and resiliency, land conservation, parks and recreation, agriculture, water, waste and recycling, and environmental markets, including carbon offsets and ecosystem services. To date, the Green Bank has mobilized nearly $3 billion into the State’s green economy. This has reduced the energy costs for thousands of families and businesses, and reduced greenhouse gas emissions that cause climate change and worsen public health.

About GoodLeap

GoodLeap is a technology company delivering best-in-class financing and software products for sustainable solutions, from solar panels and batteries to energy-efficient HVAC, heat pumps, roofing, windows, and more. Over 1 million homeowners have benefited from our simple, fast, and frictionless technology that makes the adoption of these products more affordable, accessible, and easier to understand. Thousands of professionals deploying home efficiency and solar solutions rely on GoodLeap’s proprietary, AI-powered applications and developer tools to drive more transparent customer communication, deeper business intelligence, and streamlined payment and operations. Our platform has led to more than $30 billion in financing for sustainable solutions since 2018. GoodLeap is also proud to support our award-winning nonprofit, GivePower, which is building and deploying life-saving water and clean electricity systems, changing the lives of more than 2 million people across Africa, Asia, and South America. To learn more about GoodLeap, visit, follow and connect with us at goodleap.com.

Media Contacts
Connecticut Green Bank
Rudy Sturk
rudy.sturk@ctgreenbank.com

GoodLeap
press@goodleap.com 

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SOURCE GoodLeap, LLC.

CTA Construction Managers continues to make progress on Fort River Elementary School and the school is expected to be completed on schedule.

AMHERST, Mass., Aug. 13, 2025 /PRNewswire/ — CTA Construction Managers recently joined town officials, school representatives, and project partners to celebrate the topping off of the new Fort River Elementary School, marking a major milestone in the construction of this next-generation educational facility in Amherst, Massachusetts.

The new school was designed by Boston– based architect firm DiNisco Design. “The event commemorated the placement of the final steel beam on the 105,750 square-foot, three-story school, a significant step forward in creating a sustainable and innovative learning environment for the Amherst community,” said Donna DiNisco, Principal, DiNisco Design. “This project reflects the town’s strong commitment to sustainability, equity, and educational excellence,” she continued.

Slated to serve students from grades K–5, Fort River Elementary School is a Net Zero Energy facility. The building features building-mounted and canopy-mounted photovoltaic (PV) solar panels, along with a ground-source heat pump HVAC system powered by 85 geothermal wells, positioning it at the forefront of green school design in the Commonwealth.

“We are proud to be part of this important project that not only invests in the future of education, but also represents a strong commitment to environmental stewardship,” said a Jeff Hazelwood from CTA Construction Managers. “It’s especially rewarding to continue our long-standing collaboration with DiNisco Design on our 9th school together.”

This project represents another successful partnership between CTA Construction and DiNisco Design, led by Donna DiNisco, with a shared portfolio of impactful educational facilities, including Brookside Elementary School, Howe-Manning Elementary School, Lexington Children’s Place, Hurld-Wyman Elementary School, Douglas Middle School, Countryside Elementary School, Douglas Elementary School, and Amesbury Elementary School.

The Fort River Elementary School is expected to be completed on schedule, delivering a state-of-the-art educational facility that meets the needs of the community today and for decades to come.

About CTA Construction Managers LLC

CTA Construction Managers is an award-winning construction management and general contracting firm specializing in municipal, academic, multi-family residential, commercial, and senior care facilities. Based in Waltham, Massachusetts, CTA Construction’s portfolio of projects total over $2.0 billion. Founded in 2000, CTA has awarded over $150,000,000 in contracts to certified small, veteran, disadvantaged, minority, and women owned partners. CTA is a leader in green building, helping numerous clients build sustainably and meet LEED and MA-CHPS standards. For more information, please visit: https://ctaconstruction.com/

Press Contact:

CTA Construction Managers
781-786-6600
https://ctaconstruction.com/

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SOURCE CTA Construction Managers LLC

What is the Market Size of Axial Flux Motor Market?

BANGALORE, India, Aug. 13, 2025 /PRNewswire/ — The global market for Axial Flux Motor was valued at USD 272 Million in the year 2024 and is projected to reach a revised size of USD 16379 Million by 2031, growing at a CAGR of 66.7% during the forecast period.

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What Are the Key Factors Driving the Growth of the Axial Flux Motor Market?

• The axial flux motor market is witnessing robust growth due to rising demand for high-performance, compact, and energy-efficient electric motors.
• Axial flux motors are revolutionizing electric mobility, industrial equipment, and renewable energy systems with unmatched torque density and significant space savings.
• Leading manufacturers and startups are heavily investing in product innovation, leveraging advanced materials and modern production techniques to improve scalability and cost-efficiency.
• The push towards electrification, sustainability, and digital transformation is driving the adoption of axial flux motors in next-generation applications.
• Strategic collaborations, increased R&D efforts, and supportive regulations are further boosting market expansion.
• Axial flux motors are positioned as a transformative technology in the evolving electric motor landscape, enabling more efficient, compact, and sustainable solutions.

Source from Valuates Reports: https://reports.valuates.com/market-reports/QYRE-Auto-8K8112/global-axial-flux-motor?utm_source=prnewswire&utm_medium=pressrelease&utm_campaign=axial_flux_motor 

TRENDS INFLUENCING THE GROWTH OF THE AXIAL FLUX MOTOR MARKET:

The dual-rotor single-stator type is a major driver in the axial flux motor market due to its superior torque density and power-to-weight ratio. These motors feature a compact axial configuration with two rotors flanking a central stator, effectively doubling the torque output without significantly increasing the size. This design minimizes magnetic flux leakage and optimizes magnetic utilization, making it ideal for applications with space and efficiency constraints. Electric vehicles, drones, and industrial machinery benefit from this configuration due to its improved cooling, lighter construction, and high power delivery. As demand for compact and efficient electric propulsion systems grows, dual-rotor single-stator motors are increasingly preferred in both mobility and stationary applications, fueling market growth across diverse sectors.

Single-rotor dual-stator type axial flux motors are gaining momentum in the market due to their symmetrical magnetic flux distribution and structural simplicity. This configuration places a rotor between two stators, offering high power output and improved thermal dissipation. The dual stators provide magnetic balance, enhancing efficiency and torque consistency, especially under varying load conditions. This type is widely adopted in e-mobility, industrial drives, and robotics where reliability and compactness are key. Manufacturers are focusing on this design to optimize material usage and reduce electromagnetic losses. The reduced axial length and enhanced performance make it suitable for next-generation EV drivetrains and energy-efficient industrial motors, driving demand for this configuration in advanced electromechanical systems globally.

The automotive sector is a primary catalyst for the axial flux motor market, driven by the electrification of mobility and the demand for lighter, more efficient propulsion systems. Axial flux motors offer high torque density, compact size, and reduced weight, making them ideal for electric vehicles (EVs), hybrid systems, and even e-bikes. Their flat design allows for flexible integration into vehicle architectures, such as in-wheel motors or space-constrained drivetrain layouts. Major EV manufacturers are adopting axial flux technology to improve vehicle range and performance. Additionally, growing regulatory pressure to cut emissions and increase fuel efficiency accelerates the shift toward electric powertrains. As global EV sales continue to rise, the adoption of axial flux motors is expanding rapidly.

High torque density is a crucial factor driving demand for axial flux motors, especially in sectors requiring powerful yet compact systems. Unlike radial flux motors, axial flux designs allow more magnetic material to interact per unit volume, resulting in greater torque output in a smaller footprint. This characteristic is valuable in electric vehicles, drones, and marine propulsion where space optimization is essential. Manufacturers are focused on leveraging this advantage to develop high-efficiency systems with minimal energy loss and optimal torque delivery. As applications evolve to prioritize performance and compactness, axial flux motors stand out for their ability to meet these requirements, thereby increasing their adoption across emerging and established industries.

The global shift toward e-mobility, including electric two-wheelers, e-scooters, delivery drones, and electric aircraft, is propelling the axial flux motor market forward. These solutions demand lightweight, energy-efficient, and high-torque motors to maximize battery life and extend range. Axial flux motors meet these needs with their flat design, high torque-to-weight ratio, and low electromagnetic interference. Startups and OEMs in the mobility space are investing in axial flux technology to differentiate their products and meet strict environmental regulations. With urban transportation evolving rapidly, the need for compact motors that deliver strong propulsion performance continues to grow, reinforcing axial flux motors as a preferred choice in the mobility landscape.

Energy efficiency remains a key motivator for the adoption of axial flux motors across various sectors. These motors offer higher efficiency than traditional radial flux designs due to reduced winding resistance, shorter magnetic paths, and superior thermal management. As industries and governments aim to lower energy consumption and reduce carbon emissions, the efficiency of electric motors becomes a priority. Axial flux motors contribute to these goals by enabling lighter systems with lower energy demands. Their ability to operate at higher efficiency over a wide range of speeds makes them ideal for applications in industrial automation, HVAC systems, and renewable energy. This energy-saving advantage drives market demand globally.

Industrial automation is creating significant opportunities for the axial flux motor market. These motors are being integrated into robotic arms, conveyor systems, CNC machinery, and other equipment that require compact, precise, and high-torque actuation. Axial flux motors enable faster response times, smoother motion control, and more efficient energy use compared to traditional motors. Their slim profile allows for flexible installation, which is especially valuable in space-constrained industrial environments. As industries invest in smart manufacturing and Industry 4.0 technologies, the need for high-performance, intelligent motor systems rises. Axial flux motors fulfill these evolving demands, positioning themselves as a key component in the future of digital and automated industrial workflows.

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What are the major product types in the Axial Flux Motor Market?

• Dual-rotor Single-stator Type
• Single-rotor Dual-stator Type

What are the main applications of Axial Flux Motor Market ?

• Electric Buses
• Electric Trucks
• Electric Supercars
• Other

Who are the key players in the Axial Flux Motor Market ?

• YASA Limited
• Magnax
• EMRAX
• Phi-Power
• PanGood
• Omni Powertrain Technologies
• Naxatra Labs
• Turntide Technologies
• EFLOW
• Beyond Motors
• Evolito

Which region dominates the Axial Flux Motor Market?

• Europe leads the axial flux motor market, driven by high electric vehicle adoption, renewable energy initiatives, and industrial automation.
• Key European countries, including Germany, France, and the UK, are investing heavily in high-efficiency motor technologies.
• North America is a close contender, with the U.S. focusing on e-mobility, aerospace electrification, and R&D in advanced manufacturing.
• The Asia-Pacific region—notably China, Japan, and South Korea—is experiencing rapid market growth due to expanding EV production, smart manufacturing, and government-backed green energy programs.
• Latin America and the Middle East are emerging regions adopting axial flux motors for energy and industrial applications.
• Regional market dynamics are shaped by technology maturity, regulatory support, and manufacturing capabilities, influencing adoption and growth trends.

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What are some related markets to the Magsafe Accessories Market?

• In 2024, the global market size of Permanent Magnet Synchronous Motor (PMSM) was estimated to be worth USD 15580 Million and is forecast to reach approximately USD 26010 Million by 2031 with a CAGR of 7.7% during the forecast period 2025-2031.
• High Power Density Permanent Magnet Synchronous Motor Market

• Low Voltage Synchronous Permanent Magnet Motor Market

• The global market for Axial Flux Motor for Robots was valued at USD 190 Million in the year 2024 and is projected to reach a revised size of USD 325 Million by 2031, growing at a CAGR of 8.0% during the forecast period.
• The global market for Compact Axial Flow Fan was valued at USD 465 Million in the year 2024 and is projected to reach a revised size of USD 612 Million by 2031, growing at a CAGR of 4.0% during the forecast period.
• The global market for Axial Piston Pump was valued at USD 3142 Million in the year 2024 and is projected to reach a revised size of USD 4009 Million by 2031, growing at a CAGR of 3.6% during the forecast period.
• The global market for Electronically Commutated (EC) Axial Cooling Fans was valued at USD 1254 Million in the year 2024 and is projected to reach a revised size of USD 1937 Million by 2031, growing at a CAGR of 6.5% during the forecast period.
• The global Permanent Magnet Synchronous Motor for Power market was valued at USD 175 Million in 2023 and is anticipated to reach USD 245.2 Million by 2030, witnessing a CAGR of 4.9% during the forecast period 2024-2030.
• Permanent Magnet Drive Market

• Synchronous Motors Market

• The global Permanent Magnet Synchronous Traction Machine market is projected to reach USD 2833.7 Million in 2029, increasing from USD 1815 Million in 2022, with the CAGR of 6.5% during the period of 2023 to 2029.

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Funding will support behavioral health crisis services at Nationwide Children’s Hospital and provide free educational resources through The Kids Mental Health Foundation. 

COLUMBUS, Ohio, Aug. 13, 2025 /PRNewswire/ — Abercrombie & Fitch Co. announced today that it has pledged $15 million over a period of six years to Nationwide Children’s Hospital and The Kids Mental Health Foundation to support behavioral health initiatives for children and young adults in central Ohio and across the country.

The global retailer’s continued support of Nationwide Children’s impactful efforts will be reflected in two key ways:

• Nationwide Children’s Behavioral Health Crisis Services: Nationwide Children’s is a national leader in addressing behavioral and mental health crises among youth, and Abercrombie & Fitch Co. will support and help expand those crucial services. Nationwide Children’s is home to the largest pediatric behavioral health network of any children’s hospital in the United States.

• The Kids Mental Health Foundation: Founded by the behavioral health experts at Nationwide Children’s, The Kids Mental Health Foundation provides free educational resources for parents, educators and coaches. The resources are custom-built by Nationwide Children’s experts to help adults learn how to start talking about mental health and build skills with their children before a concern or emergency. More than 24 million people have engaged with the foundation’s materials.

Nationwide Children’s is naming a new building in New Albany, Ohio, in recognition of Abercrombie & Fitch Co.’s support. The facility will house a new Close To Home^SM center, offering advanced urgent care services and imaging, specialty clinics, occupational, physical and speech therapy and lab services. Nationwide Children’s currently operates 24 Close To Home^SM centers in Ohio, and the New Albany facility is scheduled to open in 2027.

“Abercrombie & Fitch Co. has long been a supporter of Nationwide Children’s Hospital’s mission, and their new commitment will help us provide the best possible outcomes for children,” said Tim Robinson, Chief Executive Officer at Nationwide Children’s. “More families in central Ohio will benefit from our behavioral health crisis services, and The Kids Mental Health Foundation will be able to reach even more caregivers, teachers, coaches, and children across the country.”

“At Abercrombie & Fitch Co., our purpose drives everything we do and with our partners, we’re committed to creating meaningful, positive impact,” said Fran Horowitz, Chief Executive Officer at Abercrombie & Fitch Co. “Together, with Nationwide Children’s and The Kids Mental Health Foundation, we can work towards a day when there is no difference in the level of support, care and treatment between mental health and physical health.”

This new announcement builds on the long-standing partnership between Nationwide Children’s and Abercrombie & Fitch Co., which first began in 2002. Additionally, The Kids Mental Health Foundation will also be one of Abercrombie & Fitch Co.’s impact partners for the retailer’s annual music festival and fundraiser, The Challenge, held in Columbus on September 19, 2025.

About Nationwide Children’s Hospital 
Named to the Top 10 Honor Roll on U.S. News & World Report’s 2024-25 list of “Best Children’s Hospitals,” Nationwide Children’s Hospital is one of America’s largest not-for-profit free-standing pediatric health care systems providing unique expertise in pediatric population health, behavioral health, genomics and health equity as the next frontiers in pediatric medicine, leading to best outcomes for the health of the whole child. Integrated clinical and research programs, as well as prioritizing quality and safety, are part of what allows Nationwide Children’s to advance its unique model of care. Nationwide Children’s has a staff of more than 16,000 that provides state-of-the-art wellness, preventive and rehabilitative care and diagnostic treatment during more than 1.8 million patient visits annually. As home to the Department of Pediatrics of The Ohio State University College of Medicine, Nationwide Children’s physicians train the next generation of pediatricians and pediatric specialists. The Abigail Wexner Research Institute at Nationwide Children’s Hospital is one of the Top 10 National Institutes of Health-funded free-standing pediatric research facilities. More information is available at NationwideChildrens.org. 

About The Kids Mental Health Foundation
The Kids Mental Health Foundation is the leading organization promoting mental health for children in the United States. To achieve its vision to build a world where mental health is a vital part of every child’s upbringing, nearly 1,000 mental health professionals and researchers at Nationwide Children’s Hospital, in partnership with other trusted experts, provide real-world knowledge and expertise to power the Foundation’s free educational videos, guides and curriculum. To date, more than 24 million people have engaged with the Foundation’s materials, helping parents, educators and coaches be a guiding force for children all across the United States.

About Abercrombie & Fitch Co.
Abercrombie & Fitch Co. (NYSE: ANF) is a global, digitally led, omnichannel specialty retailer of apparel and accessories catering to kids through millennials with assortments curated for their specific lifestyle needs. The company operates a family of brands, including Abercrombie & Fitch and Hollister brands, each sharing a commitment to offer products of enduring quality and exceptional comfort that support global customers on their journey to being and becoming who they are. Abercrombie & Fitch Co. operates approximately 790+ stores under these brands across North America, Europe, Asia and the Middle East, as well as the e-commerce sites abercrombie.com and hollisterco.com.

Contact: Media Relations
Nationwide Children’s Hospital
Marketing and Public Relations
(614) 355-0495

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SOURCE Nationwide Children’s Hospital

The biofuels market is anticipated to increase due to the policies such as the U.S. Renewable Fuel Standard, and the European Union’s RED II directive encourage biofuel usage, offering financial and regulatory incentives that stimulate investment and production across the value chain.

WESTFORD, Mass., Aug. 13, 2025 /PRNewswire/ — SkyQuest Technology Consulting published a report, titled, Biofuels Market – Global Opportunity Analysis and Industry Forecast, 2025-2032″, valued at USD 117.69 Billion in 2024. With a projected CAGR of 6.7% from 2025 to 2032, the market is expected to reach USD 197.72 Billion by the end of 2032. Climate change and greenhouse gas emissions are becoming increasingly recognized. This recognition is resulting in the use of biofuels as a cleaner substitute for fossil fuels. There is a global trend with governments implementing strict emissions regulations, as they promote renewable energy sources, such as biofuels to limit one’s carbon footprint particularly in transportation and in the industrial sector.

Get a Free Sample Report – https://www.skyquestt.com/sample-request/biofuels-market 

Biofuels Market Key Growth Drivers

The biofuels market has experienced significant growth owing to ongoing innovations in biofuel technologies, such as second-generation and advanced biofuels are enhancing efficiency, yield, and feedstock flexibility. Developments like algae-based fuels and cellulosic ethanol make biofuels more viable and scalable, reducing reliance on food-based crops, and improving the overall sustainability of biofuel production.

Another key factor driving the market growth is the transportation sector, especially aviation, and road freight, is increasingly seeking sustainable fuel alternatives to meet decarbonization goals. Biofuels, specifically biodiesel and bioethanol, have an immediacy in use since they fit straight to the engines and existing infrastructure. With their ability to reduce lifecycle emissions, they are a preferred option by environmentally conscious fleet operators and logistics companies.

Recent Developments in Biofuels Market

• In May 2025, UK‑based HutanBio released a lifecycle assessment confirming its proprietary HBx microalgal biofuel achieves net‑negative emissions—removing up to 1.48 t CO₂e per tonne in Morocco, the Middle East, and Australia. This milestone marks a scalable, transparent benchmark for algal biofuel sustainability.
• In May 2025, Zhejiang Jiaao Enprotech shipped its first cargo of SAF (13,400 tonnes) from its east‑China plant to Europe. This follows the award of a 2025 export license and marks the company’s entry into international low‑carbon aviation fuel exports.
• In April 2025, Repsol and Bunge partnered to integrate camelina and safflower crops into Europe’s renewable fuel supply. Hydrotreated vegetable oils (HVOs) and sustainable aviation fuels (SAFs) are derived from these intermediates, which have reduced lifecycle emissions by up to 90% and increased low-carbon crop use.

Make an Inquiry to Address your Specific Business Needs – https://www.skyquestt.com/speak-with-analyst/biofuels-market 

Major Challenges in Biofuels Industry

Increasing biofuel crop agriculture relates to deforestation, conversion of natural habitat into farmland, and losses of biodiversity, which compromises the environmental assumptions of biofuels. Agricultural use of land raises environmental issues that attract scrutiny from environmental groups, which provide rationale for stricter regulations that slow biofuels project approvals and investment.

The absence of harmonised biofuels policies and certification standards across countries creates market, and investment uncertainty. Different sustainability criteria, blending requirements and import/export regulations hinder international trade and investment decisions. These differences also discourage reliable long-term commitments from producers and investment sectors required for the long-term growth of a coherent global biofuels market.

Secure Your Biofuels Market Report Copy – https://www.skyquestt.com/buy-now/biofuels-market 

Competitive Landscape

The biofuels market worldwide is intensely competitive and includes innovators like POET LLC, Neste, ADM, Chevron Corporation, and BP. Neste is focused on renewable diesel and sustainable aviation fuel and is expanding its capacity on a global scale. BP is investing in advanced biofuels with a focus on partnerships and acquisitions, POET LLC is dedicated to increasing production of corn-based ethanol. The competitive landscape of biofuels is influenced by the strategies of competing companies, and three fundamental strategies are prominent in shaping competition collaboration and cooperation, feedstock diversification, and geographical expansion.

The major players in the biofuels industry include,

• Archer Daniels Midland Company (USA)
• Cargill Inc. (USA)
• Royal Dutch Shell plc (Netherlands)
• Neste Corporation (Finland)
• Bunge Limited (Switzerland)
• Wilmar International Ltd. (Singapore)
• Louis Dreyfus Company BV (Netherlands)
• POET LLC (USA)
• Green Plains Inc. (USA)
• The Andersons Inc. (USA)
• Raizen Energia SA (Brazil)
• Delta Air Lines, Inc. (USA)
• Marathon Petroleum Corporation (USA)
• Total Energies SE (France)
• Exxon Mobil Corporation (USA)
• BP plc (UK)
• CROPENERGIES AG (Germany)
• ALGENOL (United States)

Biofuels Market Segmental Analysis

The biofuels market is segmented based on fuel type, feedstock, form, and region.

• By fuel type, bioethanol, primarily produced from corn, sugarcane, and wheat, is extensively used as a gasoline additive to reduce emissions. It maintains the highest market share, particularly in the U.S. and Brazil, because of established infrastructure and government mandates. It dominates the market because of high blend mandates and capacity to produce and deliver developed in terms of sustainability.
• By feedstock, starch sources like corn and wheat dominate ethanol production, particularly in the United States. This segment currently holds the largest market share due to large-scale corn cultivation, established supply chains, and government support through renewable fuel mandates.
• By form, solid biofuels include wood pellets, briquettes, and agricultural residues. These are primarily used for heating and power generation in residential and industrial applications. While widely used in some regions (like Europe), they have limitations in transportation use and lower energy density compared to liquid biofuels. Their growth is moderate and mostly tied to biomass heating markets.

Read Biofuels Market Report Overview – https://www.skyquestt.com/report/biofuels-market 

Regional Outlook

• North America dominates the global biofuels market, led by the United States due to strong ethanol production from corn and favorable government mandates like the Renewable Fuel Standard (RFS). Advancements in biodiesel and renewable diesel, along with increasing investment in sustainable aviation fuel (SAF), continue to drive regional market growth.
• Asia Pacific is witnessing rapid growth in the biofuels market, driven by rising energy demand, supportive government policies, and agricultural feedstock availability. Countries like India, China, and Indonesia are investing in ethanol blending programs and biodiesel initiatives to reduce fossil fuel dependence and lower emissions, fostering strong regional market expansion.
• Europe is a key player in the global biofuels market, driven by stringent emission regulations and the EU’s Renewable Energy Directive (RED II). Countries like Germany, France, and Sweden are leading in biodiesel and advanced biofuel adoption, with growing focus on sustainable aviation fuel (SAF) and waste-derived bioenergy solutions.
• The Middle East and Africa are emerging markets in the global biofuels sector, driven by growing interest in energy diversification and sustainability. Countries like South Africa and the UAE are exploring bioethanol and biodiesel production, leveraging agricultural and waste resources to reduce fossil fuel reliance and support long-term clean energy goals.
• Latin America plays a significant role in the global biofuels market, with Brazil leading in sugarcane-based ethanol production and widespread ethanol-blended fuel usage. Favourable policies, abundant feedstock, and export potential drive growth across the region. Countries like Argentina and Colombia are also expanding biodiesel production from soybean and palm oil.

Explore Extensive ongoing Coverage on Energy Sector:

• Transformer Oil Market – https://www.skyquestt.com/report/transformer-oil-market
• Utility Asset Management Market – https://www.skyquestt.com/report/utility-asset-management-market
• Power-To-Gas Market – https://www.skyquestt.com/report/power-to-gas-market
• Shale Gas Market – https://www.skyquestt.com/report/shale-gas-market
• Energy As a Service Market – https://www.skyquestt.com/report/energy-as-a-service-market

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