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Category: Energy

  • MIL-OSI: Sharc Energy’s Wet System Powers Groundbreaking Sen̓áḵw Energy System

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, May 20, 2025 (GLOBE NEWSWIRE) — SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) (“SHARC Energy” or the “Company”) is proud to announce its Wastewater Energy Transfer (“WET“) system as the core component of Creative Energy’s Sen̓áḵw Energy System, the district energy system, or thermal energy network, that will be supporting the landmark Vancouver based project, Sen̓áḵw—an ambitious undertaking representing the largest real estate development in Canadian First Nations history. The SHARC WET system has been shipped to the project.

    District Energy Systems (“DES”), or Thermal Energy Networks (“TEN”), provide thermal energy to multiple buildings from a central energy plant. Steam or hot water produced at the plant is transmitted 24/7 through highly insulated underground thermal piping networks. Thermal energy is transferred into and from the building’s system through energy transfer stations placed in the building, reducing mechanical room space required for housing equipment and simplifying heating and cooling systems. SHARC Energy enables DES or TENs to leverage wastewater, a forgotten resource, as a low-carbon source of thermal energy to help save energy and reduce carbon emissions on a multiple-building scale.

    “We are extremely pleased to announce our partnership with Creative Energy and the Squamish Nation to participate in the rebirth of the historic village of Senakw located in the heart of Vancouver. We are developing a net- zero district heating and cooling system for Sen̓áḵw, which will contain 11 buildings and over 6,000 rental homes, designed to leverage sewer heat recovery as a low-carbon source of thermal energy by extracting heat from one of Metro Vancouver’s nearby sewer trunk mains. Working with SHARC Energy, we will utilize its WET system as the core component for the Sen̓áḵw Energy System,” says Kieran McConnell, Senior Vice President, Engineering & Innovation, Creative Energy.

    Sen̓áḵw, is being developed by the Squamish Nation’s economic development arm, Nch’ḵay̓ Development Corporation. Once fully completed, it will comprise 11 buildings featuring over 6,000 rental units across more than 3 million square feet of residential floor space. It is set to become Canada’s largest net zero operational carbon purpose-built community.

    Over the next 30 years, the Sen̓áḵw Energy System is projected to reduce carbon emissions by 120,000 tonnes compared to a conventional natural-gas based system. This reduction is equivalent to planting 5.5 Stanley Parks or 165,000 acres of trees. The system will initially provide heating and cooling to each building within the development with the potential for future expansion to accommodate upcoming projects.

    Significantly, this project not only represents the first private development in British Columbia to leverage Metro Vancouver’s Sewage and Waste: Heat Recovery policy, but also marks the first private residential development in Canada to harness an external sewer force main as its primary energy source.

    “District energy systems powered by renewable sources have significant benefits for the community and for the climate,” said Mike Hurley, Chair of the Metro Vancouver Board of Directors. “We’re pleased to provide access to the abundant heat in our sewers for this project and others like it, which will help us achieve regional carbon neutrality by 2050.”

    Currently, there are several WET district energy projects in development in various stages across the lower mainland of British Columbia. Quietly, the Metro Vancouver region is becoming the Wastewater Energy Transfer capital of the world showcasing climate leadership in how other regions globally can leverage a forgotten resource like wastewater to significantly decarbonize heating and gain natural resources like fresh water used in cooling towers. As highlighted in a recent Wall Street Journal article featuring several SHARC WET projects, awareness and education around the untapped reservoir of energy available in the sewers continues to gain momentum.

    “SHARC Energy is excited to be at the forefront of this transformative project,” said Michael Albertson, CEO of SHARC Energy. “The Sen̓áḵw development sets a new standard for sustainable urban living, and our WET system is pivotal in realizing this vision.”

    In North America, recent years have shown the proliferation of legislation supporting DES or TEN systems. Currently, eight states, including Massachusetts, Minnesota, New York, Colorado, Washington, Maryland, Vermont and California, have legislation that either allows or mandates utilities to develop thermal energy network demonstration projects or pilots.

    About SHARC Energy  

    SHARC International Systems Inc. is a world leader in energy transfer with the wastewater we send down the drain every day. SHARC Energy’s systems exchange thermal energy with wastewater, generating one of the most energy-efficient and economical systems for heating, cooling & hot water production for commercial, residential and industrial buildings along with thermal energy networks, commonly referred to as “District Energy”.

    SHARC Energy is publicly traded in Canada (CSE: SHRC), the United States (OTCQB: INTWF) and Germany (Frankfurt: IWIA) and you can find out more on our SEDAR profile.

    Learn more about SHARC Energy: Website | Investor Page | LinkedIn | YouTube | PIRANHA | SHARC

    About Creative Energy

    Recognized as a leader in innovative energy solutions, Creative Energy designs, builds, owns, and operates sustainable district energy systems across North America. Our team has a client-focused, community-vested approach to projects that deliver outstanding quality and service while providing tangible value for continued growth. In addition to owning and operating one of Canada’s largest thermal networks in downtown Vancouver, Canada, we provide value to developers, landowners, end-users and the broader community through flexible thermal neighborhood energy systems. Our projects focus on innovation, resiliency, and sustainability, and span across a broad spectrum of technologies including geo-exchange, ocean exchange, cogeneration, microgrids, solar PVs, and sewer heat recovery.

    Serving customers for over 55 years with a reliability rate of 99.99%, we’re developing more than a dozen new low-carbon district energy systems across North America, including the revitalization and decarbonization of our downtown Vancouver steam plant which will be one of North America’s largest thermal fuel-switch projects and provide downtown Vancouver with renewable energy infrastructure for decades to come.

    Visit our website to learn more https://creative.energy/

    ON BEHALF OF THE BOARD

    Fred Andriano
    Chairman

    The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

    Forward-Looking Statements 

    Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified using words such as “anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “intend”, “should”, and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. SHARC Energy’s actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Company. SHARC Energy believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents the Company’s expectations as of the date hereof and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether because of new information, future events or otherwise, except as required by applicable securities legislation. 

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cb4c2081-233f-4ac1-b579-6ceb7d7449da

    The MIL Network –

    May 21, 2025

  • MIL-OSI: Duos Technologies Appoints Retired Brigadier General Craig Nixon as Chairman of the Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    JACKSONVILLE, Fla., May 20, 2025 (GLOBE NEWSWIRE) — Duos Technologies Group, Inc. (“Duos” or the “Company”) (Nasdaq: DUOT), today announced the appointment of Brigadier General (Ret.) James Craig Nixon as the new Chairman of its Board of Directors, effective immediately.

    Brigadier General Nixon succeeds Kenneth Ehrman, who has served as Chairman since 2020. Mr. Ehrman stepped down from the Board to focus on the continued growth of Halo Collar, a leading provider of smart pet safety solutions. Duos sincerely appreciates his leadership and contributions during a pivotal period in the Company’s development.

    “We are honored to welcome Brigadier General Craig Nixon as our new Chairman,” said Chuck Ferry, CEO of Duos. “Craig brings a distinguished track record of leadership and operational excellence from both the military and private sectors. His strategic mindset and business acumen will be invaluable as we continue scaling our data infrastructure and energy businesses alongside our established AI technology platforms. We are equally grateful to Kenneth Ehrman for his leadership and support during a pivotal phase in Duos’ growth, and we wish him continued success with Halo Collar.”

    Brigadier General Nixon is a decorated special operations veteran with over 29 years of military service, including seven tours in elite units such as the 75th Ranger Regiment and Joint Special Operations Command (JSOC). Following his retirement in 2011, he transitioned into business leadership, serving as CEO of ACADEMI and later building Constellis Group into a global leader in security and training with over $1 billion in annual revenue.

    In addition to his military and executive career, Nixon was one of the founding partners of the McChrystal Group, a leadership consultancy, and currently serves as CEO of Nixon Six Solutions, a growth and strategy advisory firm. He is also a board member and advisor to multiple government and technology organizations and a recognized speaker on geopolitics, leadership, and veterans’ issues.

    “I’m honored to step into the role of Chairman at such a transformational time in Duos’ journey,” said Nixon. “The Company’s expansion into critical infrastructure sectors like edge data centers and power generations, coupled with its deep foundation in AI and machine vision, positions it for long-term opportunities. I look forward to supporting Chuck and the entire Duos team as we build on this momentum.”

    Nixon is a graduate of Auburn University, holds two master’s degrees in military art and science and strategic studies, and was inducted into the Ranger Hall of Fame. He brings a unique combination of decorated military service, entrepreneurial success, and board governance experience to the Company.

    About Duos Technologies Group, Inc.
    Duos Technologies Group, Inc. (Nasdaq: DUOT), based in Jacksonville, Florida, through its wholly owned subsidiaries, Duos Technologies, Inc., Duos Edge AI, Inc., and Duos Energy Corporation, designs, develops, deploys and operates intelligent technology solutions for Machine Vision and Artificial Intelligence (“AI”) applications including real-time analysis of fast-moving vehicles, Edge Data Centers and power consulting. For more information, visit www.duostech.com , www.duosedge.ai and www.duosenergycorp.com.

    Forward- Looking Statements
    This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things our plans, strategies and prospects — both business and financial. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as “believe,” “expect,” “anticipate,” “should,” “planned,” “will,” “may,” “intend,” “estimated,” and “potential,” among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law. All forward-looking statements attributable to Duos Technologies Group, Inc. or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4bffaa21-c5a2-4fc8-9655-e641c3c76852

    This press release was published by a CLEAR® Verified individual.

    The MIL Network –

    May 21, 2025

  • MIL-OSI: 8 Rivers Partners with Navajo Transitional Energy Company on Feasibility Study to Develop a Gigawatt of Decarbonized Coal Power

    Source: GlobeNewswire (MIL-OSI)

    DURHAM, N.C., May 20, 2025 (GLOBE NEWSWIRE) — 8 Rivers Capital, LLC, (8 Rivers) a world-leading decarbonization technology developer, in collaboration with Siemens Energy, has contracted with the Navajo Transitional Energy Company (NTEC) to conduct a technical feasibility study for a proposed power plant project at a site co-located with an existing NTEC coal mine, either at the Navajo Mine located on the Navajo Nation or at a Powder River Basin location. The project would leverage 8 Rivers’ proprietary Allam-Fetvedt Cycle (AFC) power cycle technology and direct-fired supercritical CO2 turbines it is developing with Siemens Energy to deliver ultra-low-carbon coal power production with inherent carbon capture. AFC eliminates air emissions with the only byproducts being liquid water and pipeline-ready CO2.

    Under this agreement, the AFC would be deployed in stages to provide power for up to 1000 megawatts of equivalent generation at an NTEC site utilizing NTEC coal. Once operational, the project will deliver an estimated one gigawatt of reliable, dispatchable base-load power while capturing ~8 million tons of CO2 per year. The Navajo Mine site offers the benefits of being strategically placed near existing transmission infrastructure and NTEC’s Navajo Park Electrical Switching Station (NEPSS), which would eliminate the historic interconnection backlogs energy projects face across the U.S. This project supports NTEC’s goal of deploying clean energy generation that maintains and grows the Navajo Nation’s skilled workforce, maximizes the benefits of its natural resources, and provides reliable, affordable zero-emissions power to the region. 

    This agreement represents an extension of the Memorandum of Understanding (MoU) between NTEC and 8 Rivers that was signed in 2024. Under that agreement, the two Companies announced intentions to jointly seek opportunities to develop and market new decarbonized power production projects using AFC technology that can be used as an anchor for further business development opportunities.

    “Pragmatic, scalable, ultra-low-carbon technologies will foster continued economic prosperity, clean air, and energy security for communities like the Navajo Nation and others across New Mexico and the Powder River Basin,” said Damian Beauchamp, CEO of 8 Rivers. “We’re incredibly proud to be working with NTEC and our partners at Siemens Energy on this project, which we truly believe is a testament to the region and community’s rich energy production history and a strategic investment into its long-term energy independence.”

    NTEC will provide the fuel and operate the site while 8 Rivers and Siemens Energy will provide technological and development support. Under the terms of the study, 8 Rivers and NTEC will also pursue a techno-economic evaluation of the project’s CO2 transportation and storage options, including enhanced oil recovery and/or permanent geologic storage. 

    NTEC was formed by the Navajo Nation to establish energy independence and build its economy for future generations. The 2013 Navajo Nation Energy Policy states that, “Diverse revenue streams from a balanced portfolio of energy extraction, generation and transmission will provide the Diné with economic stability, career opportunities and business opportunities.” This project’s engineering, construction, and ongoing operations will support this mission with the creation of hundreds of new jobs and provide new sources of revenue for the Navajo Nation while mitigating carbon emissions. In addition, the project will provide the region with access to more abundant secure, reliable, and affordable energy.

    “In accordance with the 2013 Navajo Nation Energy Policy, NTEC is committed to the continued operation of Four Corners Power Plant and Navajo Mine in order to preserve their irreplaceable economic contributions to the Navajo Nation,” said Vern Lund, Chief Executive Officer for NTEC “As we continue to evaluate all options that make this possible, we believe that 8 Rivers’ AFC technology would an ideal solution to compliment the continued operations of Four Corners Power Plant in securing the long-term economic stability and growth of the Navajo Nation, while eliminating carbon emissions. We are excited to work with 8 Rivers on this feasibility study to examine the costs and benefits of AFC technology on a new plant.”

    Once operational, the power generated at the proposed project would have the potential to be dispatched to meet local and regional energy demand, particularly for fast-growing applications like data centers and artificial intelligence. This partnership comes at a time when the Trump Administration is promoting increased investment into data center infrastructure and bolstering domestic clean coal production. New Mexico is also prioritizing the deployment of renewable energy assets, with the state’s Renewable Portfolio Standard (RPS) setting a goal for utilities to provide 50% renewable energy by 2030 and a goal of 80% by 2040. As more intermittent resources come online, firm, reliable, ultra-low-carbon power generation assets like the AFC will be called upon to balance demand.

    About 8 Rivers Capital, LLC

    8 Rivers is a Durham, North Carolina–based climate technology company leading the energy industry towards achieving net zero. Founded in 2008, 8 Rivers is pioneering the clean energy and climate future through the invention and commercialization of infrastructure-scale technologies and projects that enable the global energy transition. The 8 Rivers technology portfolio includes cleantech innovations such as 8RH2, an ultra-low-carbon hydrogen production technology, the Allam-Fetvedt Cycle, a transformative low-carbon power cycle, and Calcite, a hyper-efficient direct air capture process. Learn more at www.8Rivers.com.

    About NTEC

    Navajo Transitional Energy Company (NTEC) is a world-class, diversified energy company with a unique purpose and vision. Established by the Navajo Nation to exercise sovereignty over its abundant natural resources, NTEC has grown rapidly and now has a sizeable and successful portfolio of mining, energy generation, and helium assets. NTEC is committed to achieving multi-generational, clean energy solutions that ensure the continued prosperity of the Navajo Nation while providing essential power to the entire Southwest and beyond.
    For more information, visit www.navenergy.com.

    Media inquiries: 
    newsmedia@8rivers.com

    The MIL Network –

    May 21, 2025

  • MIL-OSI: NANO Nuclear and MIT’s Department of Nuclear Science and Engineering Launch Advanced Irradiation Study to Investigate Salt-Based Thermal Storage for Nuclear Applications

    Source: GlobeNewswire (MIL-OSI)

    New York, N.Y., May 20, 2025 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or the “Company”), a leading advanced nuclear technology and energy company, today announced the launch of a major irradiation testing program in collaboration with the Massachusetts Institute of Technology (MIT) Department of Nuclear Science and Engineering. The two-year collaboration will investigate the thermal and radiolytic behavior of nitrate molten salts, commonly referred to as “solar salts”, to assess their viability in advanced nuclear energy systems for thermal energy storage and cooling applications.

    Funded by NANO Nuclear through over $500,000 of research and development investment, the work will be conducted under the supervision of Prof. Koroush Shirvan, Principal Investigator and a leading expert in nuclear systems engineering. The research will focus on the of salt materials subjected to gamma irradiation using MIT’s Gammacell 220F Co-60 irradiator—ensuring a safe, precisely controlled, and highly instrumented test environment.

    “We are proud to support this world-class irradiation study at MIT,” said Jay Yu, Founder and Chairman of NANO Nuclear. “Understanding how molten salts perform under radiation is essential to unlocking next-generation reactor designs, and this facility gives us the capabilities to do that without the use of any nuclear materials.”

    While molten nitrate salts are widely used in solar thermal energy systems, the knowledge of these materials’ behavior under the ionizing radiation conditions representative of nuclear environments is relatively scarce. This collaboration aims to fill that critical knowledge gap by assessing both the chemical and thermophysical performance of the salts during and after irradiation.

    Using a suite of cutting-edge diagnostics, including a magnetic sector residual gas analyzer (RGA), laser flash analysis, and post-irradiation spectroscopic techniques, MIT researchers will measure off-gassing behavior, thermal degradation, and long-term material stability. The results will inform system design for microreactors that utilize molten salts for heat transfer or energy storage, improving the accuracy and reliability of safety and performance models.

    “This project offers an exciting opportunity to characterize molten nitrate salts in radiation environments with a level of precision not previously achieved,” said Dr. Koroush Shirvan, Principal Investigator at MIT. “We’re using real-time diagnostics, high-temperature test rigs, and modern analytical techniques to generate data that can have immediate impact on next-generation reactor development.”

    The results of this study will feed directly into the engineering and design processes and could also prove useful for other clean energy applications, including industrial process heat and off-grid energy storage.

    “We are thrilled to see this groundbreaking research move forward with MIT,” said Professor Ian Farnan, Lead of Nuclear Fuel Cycle, Radiation and Materials of NANO Nuclear. “The ability to assess salt performance in radiation fields without reliance on operating reactor gives us unprecedented flexibility and speed in advancing the development of our reactor systems.”

    The project is expected to conclude in 2027, with quarterly updates and final data delivery coordinated between MIT and NANO Nuclear’s engineering teams. As NANO Nuclear continues to expand its operations, the Company remains committed to developing cutting-edge nuclear solutions that redefine the global energy landscape.

    About NANO Nuclear Energy, Inc.

    NANO Nuclear Energy Inc. (NASDAQ: NNE) is an advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across five business lines: (i) cutting edge portable and other microreactor technologies, (ii) nuclear fuel fabrication, (iii) nuclear fuel transportation, (iv) nuclear applications for space and (v) nuclear industry consulting services. NANO Nuclear believes it is the first portable nuclear microreactor company to be listed publicly in the U.S.

    Led by a world-class nuclear engineering team, NANO Nuclear’s reactor products in development include patented KRONOS MMR™Energy System, a stationary high-temperature gas-cooled reactor that is in construction permit pre-application engagement U.S. Nuclear Regulatory Commission (NRC) in collaboration with University of Illinois Urbana-Champaign (U. of I.), “ZEUS”, a solid core battery reactor, and “ODIN”, a low-pressure coolant reactor, and the space focused, portable LOKI MMR™, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors.

    Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, is led by former executives from the largest transportation company in the world aiming to build a North American transportation company that will provide commercial quantities of HALEU fuel to small modular reactors, microreactor companies, national laboratories, military, and DOE programs. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy. Assuming development and commercialization, AFT is expected to form part of the only vertically integrated nuclear fuel business of its kind in North America.

    HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear’s own microreactors as well as the broader advanced nuclear reactor industry.

    NANO Nuclear Space Inc. (NNS), a NANO Nuclear subsidiary, is exploring the potential commercial applications of NANO Nuclear’s developing micronuclear reactor technology in space. NNS is focusing on applications such as the LOKI MMR™ system and other power systems for extraterrestrial projects and human sustaining environments, and potentially propulsion technology for long haul space missions. NNS’ initial focus will be on cis-lunar applications, referring to uses in the space region extending from Earth to the area surrounding the Moon’s surface.

    For more corporate information please visit: https://NanoNuclearEnergy.com/

    For further NANO Nuclear information, please contact:

    Email: IR@NANONuclearEnergy.com
    Business Tel: (212) 634-9206

    PLEASE FOLLOW OUR SOCIAL MEDIA PAGES HERE:

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    Cautionary Note Regarding Forward Looking Statements

    This news release and statements of NANO Nuclear’s management in connection with this news release contain or may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “potential”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. In this press release, forward-looking statements relate to, among other things, the anticipated benefits to NANO Nuclear of its collaboration with MIT, as well as the nature and timing of the research described herein. These and other forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to our U.S. Department of Energy (“DOE”) or related state or non-U.S. nuclear fuel licensing submissions, (ii) risks related the development of new or advanced technology and the acquisition of complimentary technology or businesses, including difficulties with design and testing, cost overruns, regulatory delays, integration issues and the development of competitive technology, (iii) our ability to obtain contracts and funding to be able to continue operations, (iv) risks related to uncertainty regarding our ability to technologically develop and commercially deploy a competitive advanced nuclear reactor or other technology in the timelines we anticipate, if ever, (v) risks related to the impact of U.S. and non-U.S. government regulation, policies and licensing requirements, including by the DOE and the U.S. Nuclear Regulatory Commission, including those associated with the recently enacted ADVANCE Act, and (vi) similar risks and uncertainties associated with the operating an early stage business a highly regulated and rapidly evolving industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at www.sec.gov and at https://ir.nanonuclearenergy.com/financial-information/sec-filings. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

    The MIL Network –

    May 20, 2025

  • MIL-OSI: Amplify ETFs Launches the Amplify Samsung U.S. Natural Gas Infrastructure ETF (USNG)

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, May 20, 2025 (GLOBE NEWSWIRE) —  Amplify ETFs is pleased to announce the launch of the Amplify Samsung U.S. Natural Gas Infrastructure ETF (USNG) in collaboration with Samsung Asset Management. USNG is an actively managed ETF offering exposure to companies powering the U.S. natural gas ecosystem.

    Demand for U.S. natural gas is expected to surge by up to 50% over the next five years, driven by the digital economy’s extraordinary rise in energy consumption.1 Increased power usage from data centers and artificial intelligence (AI) is fueling the growing demand for natural gas as a clean, cost-effective and readily available energy source.

    Likewise, the U.S., as the world’s leading exporter of liquefied natural gas (LNG), is poised for exports to grow by 19% in 2025 and 15% in 2026—fueled by global market shifts and escalating demand for American energy.2

    USNG invests in approximately 20 to 25 U.S. stocks involved in the natural gas value chain across midstream, downstream, and upstream, with a primary focus on the midstream segment. Stocks are selected using a ‘Growth at a Reasonable Price’(GARP) investment approach to identify companies with strong earnings, cash flow, and dividend growth potential. The securities are included based on industry trends, company performance, and sector dynamics, with a focus on midstream companies operating in transport, storage, distribution, and wholesale marketing.

    Utilizing its research specialty in the natural gas value chain, Samsung Asset Management serves as the sub-adviser.

    “Due to a declared National Energy Emergency, the U.S. will be actively expanding natural gas production and infrastructure, leading to significant investment and capital commitment to this important segment of the energy market,” said Christian Magoon, CEO of Amplify ETFs. “USNG is positioned to actively navigate the opportunities and challenges of this growth industry.”

    Leveraging natural gas in major energy infrastructure projects and as a tool to address the National Energy Emergency is rapidly becoming a priority for policymakers and corporations alike. The midstream, upstream, and downstream segments may benefit from increased volume driven by electrification, data center expansion, and growth in liquid natural gas exports. USNG stands out as a vehicle to capture growth and income potential in the natural gas industry.

    “We are proud to continue building our U.S. ETF lineup in partnership with Amplify ETFs,” said Gina Lee, President of Samsung Asset Management New York. “Samsung brings extensive global experience in the natural gas space and significant research capabilities to USNG, helping investors access the full value chain of the U.S. natural gas infrastructure market.”

    Learn more about USNG at AmplifyETFs.com/USNG

    About Amplify ETFs
    Amplify ETFs, sponsored by Amplify Investments, has over $10 billion in assets across its suite of ETFs (as of 4/30/2025). Amplify ETFs delivers expanded investment opportunities for investors seeking growth, income, and risk-managed strategies across a range of actively managed and index-based ETFs. To learn more, visit AmplifyETFs.com.

    Carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. This and other information can be found in the Fund’s statutory and summary prospectuses, which may be obtained at amplifyetfs.com. Read the prospectus carefully before investing.

    Investing involves risk including the possible loss of principal. You could lose money by investing in the Fund. As an actively managed fund, there is no guarantee the investment objective will be met.  Being new, the fund has a limited operating history to evaluate. As a non-diversified fund, its performance and Share price are more prone to volatility from individual investments.

    Investments in energy companies can be influenced by cyclical markets, price fluctuations, regulation, economic shifts, technology, and geopolitical instability. Risks for natural gas companies include alternative fuels, price volatility, interest rates, and developments like renewable energy growth and evolving regulations. Utilities companies include risks related to financing, environmental costs, market factors, and political influences.

    Materials companies are impacted by commodity price fluctuations, economic cycles, environmental liabilities, and regulations, all of which can affect their returns. Small and mid-cap companies may face higher market risk, greater price volatility, and lower liquidity than larger firms.

    Investments in MLPs involve unique risks, such as price volatility, illiquidity, limited investor control, potential conflicts of interest, dilution risks, and insufficient cash flow to meet operating requirements. MLPs may also face industry-specific challenges and macroeconomic pressures. The Fund’s returns depend on MLPs being taxed as partnerships, not corporations. Changes in tax laws or policies can reduce MLP cash distributions and negatively affect the Fund’s investments.

    Amplify ETFs are distributed by Foreside Fund Services, LLC.

    1EQT Corporation and Samsung Asset Management
    2The United States remained the world’s largest liquefied natural gas exporter in 2024 – U.S. Energy Information Administration (EIA)

    The MIL Network –

    May 20, 2025

  • MIL-OSI: DT Midstream Achieves Investment Grade Credit Rating

    Source: GlobeNewswire (MIL-OSI)

    DETROIT, May 20, 2025 (GLOBE NEWSWIRE) — DT Midstream, Inc. (NYSE: DTM) announced that it has achieved an investment grade rating with two agencies:

    1. Moody’s Ratings upgraded DTM’s credit rating to Baa3 with a stable outlook on May 16, 2025; and
    2. Fitch Ratings upgraded DTM’s credit rating to BBB- with a stable outlook on October 3, 2024.

    With investment grade ratings from these two credit agencies, DTM expects an improvement in liquidity and reduced interest expense.

    “Achievement of an investment grade credit rating was a strategic goal we had since we became a standalone public company,” said David Slater, President and CEO. “The ratings upgrades are a recognition of the strength of our balance sheet and the quality and scale of our business.”

    About DT Midstream

    DT Midstream (NYSE: DTM) is an owner, operator and developer of natural gas interstate and intrastate pipelines, storage and gathering systems, compression, treatment and surface facilities. The company transports clean natural gas for utilities, power plants, marketers, large industrial customers and energy producers across the Southern, Northeastern and Midwestern United States and Canada. The Detroit-based company offers a comprehensive, wellhead-to-market array of services, including natural gas transportation, storage and gathering. DT Midstream is transitioning towards net zero greenhouse gas emissions by 2050, including a plan of achieving 30% of its carbon emissions reduction by 2030. For more information, please visit the DT Midstream website at www.dtmidstream.com.

    Forward-looking Statements

    This release contains statements which, to the extent they are not statements of historical or present fact, constitute “forward-looking statements” under the securities laws. These forward-looking statements are intended to provide management’s current expectations or plans for our future operating and financial performance, business prospects, outcomes of regulatory proceedings, market conditions, and other matters, based on what we believe to be reasonable assumptions and on information currently available to us.

    Forward-looking statements can be identified by the use of words such as “believe,” “expect,” “expectations,” “plans,” “strategy,” “prospects,” “estimate,” “project,” “target,” “anticipate,” “will,” “should,” “see,” “guidance,” “outlook,” “confident” and other words of similar meaning. The absence of such words, expressions or statements, however, does not mean that the statements are not forward-looking. In particular, express or implied statements relating to future earnings, cash flow, results of operations, uses of cash, tax rates and other measures of financial performance, future actions, conditions or events, potential future plans, strategies or transactions of DT Midstream, and other statements that are not historical facts, are forward-looking statements.

    Forward-looking statements are not guarantees of future results and conditions, but rather are subject to numerous assumptions, risks, and uncertainties that may cause actual future results to be materially different from those contemplated, projected, estimated, or budgeted. Many factors may impact forward-looking statements of DT Midstream including, but not limited to, the following: changes in general economic conditions, including increases in interest rates and associated Federal Reserve policies, a potential economic recession, and the impact of inflation on our business; industry changes, including the impact of consolidations, alternative energy sources, technological advances, infrastructure constraints and changes in competition; changes in global trade policies and tariffs; global supply chain disruptions; actions taken by third-party operators, producers, processors, transporters and gatherers; changes in expected production from Expand Energy and other third parties in our areas of operation; demand for natural gas gathering, transmission, storage, transportation and water services; the availability and price of natural gas to the consumer compared to the price of alternative and competing fuels; our ability to successfully and timely implement our business plan; our ability to complete organic growth projects on time and on budget; our ability to finance, complete, or successfully integrate acquisitions; our ability to realize the anticipated benefits of the Midwest Pipeline Acquisition and our ability to manage the risks of the Midwest Pipeline Acquisition; the price and availability of debt and equity financing; restrictions in our existing and any future credit facilities and indentures; the effectiveness of our information technology and operational technology systems and practices to detect and defend against evolving cyber attacks on United States critical infrastructure; changing laws regarding cybersecurity and data privacy, and any cybersecurity threat or event; operating hazards, environmental risks, and other risks incidental to gathering, storing and transporting natural gas; geologic and reservoir risks and considerations; natural disasters, adverse weather conditions, casualty losses and other matters beyond our control; the impact of outbreaks of illnesses, epidemics and pandemics, and any related economic effects; the impacts of geopolitical events, including the conflicts in Ukraine and the Middle East; labor relations and markets, including the ability to attract, hire and retain key employee and contract personnel; large customer defaults; changes in tax status, as well as changes in tax rates and regulations; the effects and associated cost of compliance with existing and future laws and governmental regulations, such as the Inflation Reduction Act; changes in environmental laws, regulations or enforcement policies, including laws and regulations relating to pipeline safety, climate change and greenhouse gas emissions; changes in laws and regulations or enforcement policies, including those relating to construction and operation of new interstate gas pipelines, ratemaking to which our pipelines may be subject, or other non-environmental laws and regulations; our ability to qualify for federal income tax credits by Clean Fuels Gathering; our ability to develop low carbon business opportunities and deploy greenhouse gas reducing technologies; changes in insurance markets impacting costs and the level and types of coverage available; the timing and extent of changes in commodity prices; the success of our risk management strategies; the suspension, reduction or termination of our customers’ obligations under our commercial agreements; disruptions due to equipment interruption or failure at our facilities, or third-party facilities on which our business is dependent; the effects of future litigation; and the risks described in our Annual Report on Form 10-K for the year ended December 31, 2024 and our reports and registration statements filed from time to time with the SEC.

    The above list of factors is not exhaustive. New factors emerge from time to time. We cannot predict what factors may arise or how such factors may cause actual results to vary materially from those stated in forward-looking statements, see the discussion under the section entitled “Risk Factors” in our Annual Report for the year ended December 31, 2024, filed with the SEC on Form 10-K and any other reports filed with the SEC. Given the uncertainties and risk factors that could cause our actual results to differ materially from those contained in any forward-looking statement, you should not put undue reliance on any forward-looking statements.

    Any forward-looking statements speak only as of the date on which such statements are made. We are under no obligation to, and expressly disclaim any obligation to, update or alter our forward-looking statements, whether as a result of new information, subsequent events or otherwise.

    The MIL Network –

    May 20, 2025

  • MIL-OSI: Radware and MAIRE Team Up to Deliver Managed Security Services

    Source: GlobeNewswire (MIL-OSI)

    MAHWAH, N.J. and MILAN, May 20, 2025 (GLOBE NEWSWIRE) — Radware® (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, and MAIRE, a leading technology and engineering group focused on advancing the Energy Transition, have further expanded their relationship. MAIRE is adding Radware’s AI-powered Cloud Application Protection Services to its managed services portfolio and leveraging Radware’s content delivery network to enhance its security offering for customers.

    MAIRE also uses Radware’s Cloud Application Protection Service to safeguard its global infrastructure from cyber threats. Milan-based MAIRE is present in 50 countries and employs over 9,800 people supported by approximately 50,000 professionals involved in its project worldwide.

    “Our expanded relationship with Radware is grounded in our shared focus on innovation,” said Andrea Sgarlata, identity manager at MAIRE group. “We were looking for a technology partner that could enhance our security offering with state-of-the-art protection, added flexibility and worldwide coverage, enabling our customers to combat even the most sophisticated cyber attacks. Radware is unique in its ability to establish accurate security baselines by continuously studying application traffic and then automatically fine-tuning security policies to block malicious behavior without disrupting legitimate traffic.”

    As part of Radware’s Cloud Application Protection Service, MAIRE is leveraging Radware’s web application firewall (WAF), bot detection and management, and application-layer DDoS protection. Combining end-to-end automation, AI-powered algorithms, behavioral-based detection, and 24/7 managed services, the solution defends against 150+ known attack vectors. This includes the OWASP’s Top 10 Web Application Security Risks, Top 10 API Security Vulnerabilities, and Top 21 Automated Threats to Web Applications.

    Radware’s application security stack is integrated with a high-capacity content delivery network (CDN) solution. The CDN has a global footprint that spans over 600 points of presence in more than 100 cities and 50 countries.

    “With the surge in cyberattacks, shortage of skilled security staff, and need for around-the-clock protection, more companies are opting for managed security services as part of their security strategy,” said Rob Hartley, vice president for Radware in EMEA and CALA. “We look forward to partnering with MAIRE to fill this need and offer customers future-ready application protection solutions designed to reduce their exposure to attacks and improve their security posture.”

    Radware’s DDoS mitigation, application and API protection, web application firewall, and bot detection and management solutions have received numerous industry recognitions. Industry analysts such as Aite-Novarica Group, Forrester, Gartner, GigaOm, IDC, KuppingerCole and QKS Group continue to recognize Radware as a market leader in cyber security.

    About MAIRE
    MAIRE S.p.A. is a leading technology and engineering group focused on advancing the Energy Transition. We provide integrated E&C Solutions for the downstream market and Sustainable Technology Solutions through three business lines: Sustainable Fertilizers, Low-Carbon Energy Vectors, and Circular Solutions. With operations across 50 countries, MAIRE employs nearly 10,000 people, supported by around 50,000 professionals involved in its project worldwide. MAIRE is listed on the Milan Stock Exchange (ticker “MAIRE”).

    About Radware
    Radware® (NASDAQ: RDWR) is a global leader in application security and delivery solutions for multi-cloud environments. The company’s cloud application, infrastructure, and API security solutions use AI-driven algorithms for precise, hands-free, real-time protection from the most sophisticated web, application, and DDoS attacks, API abuse, and bad bots. Enterprises and carriers worldwide rely on Radware’s solutions to address evolving cybersecurity challenges and protect their brands and business operations while reducing costs. For more information, please visit the Radware website.

    Radware encourages you to join our community and follow us on: Facebook, LinkedIn, Radware Blog, X, and YouTube.

    ©2025 Radware Ltd. All rights reserved. Any Radware products and solutions mentioned in this press release are protected by trademarks, patents, and pending patent applications of Radware in the U.S. and other countries. For more details, please see: https://www.radware.com/LegalNotice/. All other trademarks and names are property of their respective owners.

    Radware believes the information in this document is accurate in all material respects as of its publication date. However, the information is provided without any express, statutory, or implied warranties and is subject to change without notice.

    The contents of any website or hyperlinks mentioned in this press release are for informational purposes and the contents thereof are not part of this press release.

    Safe Harbor Statement
    This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements made herein that are not statements of historical fact, including statements about Radware’s plans, outlook, beliefs, or opinions, are forward-looking statements. Generally, forward-looking statements may be identified by words such as “believes,” “expects,” “anticipates,” “intends,” “estimates,” “plans,” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may,” and “could.” For example, when we say in this press release that with the surge in cyberattacks, shortage of skilled security staff, and need for around-the-clock protection, more companies are opting for managed security services as part of their security strategy, we are using forward-looking statements. Because such statements deal with future events, they are subject to various risks and uncertainties, and actual results, expressed or implied by such forward-looking statements, could differ materially from Radware’s current forecasts and estimates. Factors that could cause or contribute to such differences include, but are not limited to: the impact of global economic conditions, including as a result of the state of war declared in Israel in October 2023 and instability in the Middle East, the war in Ukraine, tensions between China and Taiwan, financial and credit market fluctuations (including elevated interest rates), impacts from tariffs or other trade restrictions, inflation, and the potential for regional or global recessions; our dependence on independent distributors to sell our products; our ability to manage our anticipated growth effectively; our business may be affected by sanctions, export controls, and similar measures, targeting Russia and other countries and territories, as well as other responses to Russia’s military conflict in Ukraine, including indefinite suspension of operations in Russia and dealings with Russian entities by many multi-national businesses across a variety of industries; the ability of vendors to provide our hardware platforms and components for the manufacture of our products; our ability to attract, train, and retain highly qualified personnel; intense competition in the market for cybersecurity and application delivery solutions and in our industry in general, and changes in the competitive landscape; our ability to develop new solutions and enhance existing solutions; the impact to our reputation and business in the event of real or perceived shortcomings, defects, or vulnerabilities in our solutions, if our end-users experience security breaches, or if our information technology systems and data, or those of our service providers and other contractors, are compromised by cyber-attackers or other malicious actors or by a critical system failure; our use of AI technologies that present regulatory, litigation, and reputational risks; risks related to the fact that our products must interoperate with operating systems, software applications and hardware that are developed by others; outages, interruptions, or delays in hosting services; the risks associated with our global operations, such as difficulties and costs of staffing and managing foreign operations, compliance costs arising from host country laws or regulations, partial or total expropriation, export duties and quotas, local tax exposure, economic or political instability, including as a result of insurrection, war, natural disasters, and major environmental, climate, or public health concerns; our net losses in the past and the possibility that we may incur losses in the future; a slowdown in the growth of the cybersecurity and application delivery solutions market or in the development of the market for our cloud-based solutions; long sales cycles for our solutions; risks and uncertainties relating to acquisitions or other investments; risks associated with doing business in countries with a history of corruption or with foreign governments; changes in foreign currency exchange rates; risks associated with undetected defects or errors in our products; our ability to protect our proprietary technology; intellectual property infringement claims made by third parties; laws, regulations, and industry standards affecting our business; compliance with open source and third-party licenses; complications with the design or implementation of our new enterprise resource planning (“ERP”) system; our reliance on information technology systems; our ESG disclosures and initiatives; and other factors and risks over which we may have little or no control. This list is intended to identify only certain of the principal factors that could cause actual results to differ. For a more detailed description of the risks and uncertainties affecting Radware, refer to Radware’s Annual Report on Form 20-F, filed with the Securities and Exchange Commission (SEC), and the other risk factors discussed from time to time by Radware in reports filed with, or furnished to, the SEC. Forward-looking statements speak only as of the date on which they are made and, except as required by applicable law, Radware undertakes no commitment to revise or update any forward-looking statement in order to reflect events or circumstances after the date any such statement is made. Radware’s public filings are available from the SEC’s website at www.sec.gov or may be obtained on Radware’s website at www.radware.com.

    Media Contact:
    Gerri Dyrek
    Radware
    Gerri.Dyrek@radware.com

    The MIL Network –

    May 20, 2025

  • MIL-OSI: Phoenix Tech Festival 2025: A Night of Insight, Connection, and Meaningful Innovation

    Source: GlobeNewswire (MIL-OSI)

    PHOENIX, May 20, 2025 (GLOBE NEWSWIRE) — On Saturday, May 10, 2025, professionals, students, creators, and entrepreneurs gathered at the University of Advancing Technology for the Phoenix Tech Festival 2025, an in-person event organized by DataGlobal Hub to celebrate emerging technologies, collaboration, and practical innovation. The festival delivered on its promise by creating space for people to learn, connect, and discover together.

    From thoughtful keynote sessions to interactive showcases and direct mentorship, the event provided attendees with access to real-world knowledge, tools, and people all in one powerful evening. Phoenix Tech Festival is one of the most honest and useful tech events that has been organized in years.

    The main conference was followed by an afterparty at Sugar Cane Lounge & Café, which gave room for casual conversations, AI-generated art, music, and speaker networking in a relaxed atmosphere.

    Speakers and Panelists
    The event brought together distinguished personalities, experts, thought leaders across various organization and industry who are using AI to cause change and development.

    Matthew Prater: Professor of Robotics and Embedded Systems at the University of Advancing Technology. With over five years of teaching experience in Robotics and Embedded systems and a rich background in pharmaceutical robotics and research, Professor Prater’s sessions offered deep insights into the future of robotics and automation.

    Tim Taylor: Patent Attorney at Garlic & Markison with 15 years of experience. Tim specializes in litigation-grade patent portfolio development, helping tech innovators secure and defend their inventions. His session guided participants through the complexities of intellectual property protection, ensuring innovations are well protected for confident growth and investment attraction.

    Jarrett Albritton: VP of Sales and Strategy at WriteSea and Founder & Host of Big Tech Energy Podcast. He also founded DEI Staffing, focusing on diverse tech candidate placement. Drawing from his wealth of experience Jarrett explore how innovators and entrepreneurs can craft powerful strategies that make an impact.

    Richard H. Miller: AI/Design Strategy Consultant and former Senior Director-Level Architect at Oracle, with 17 years of experience in conversational design for AI and NL. He is the author of UX for Enterprise ChatGPT Solutions (2024). Richard brought deep expertise in crafting user-centric, multimodal AI interactions across platforms like Slack, Teams, and web.

    Seyi (Shay) Ogebulu, Ph.D.: Product Management Lead at Intel Corporation with 11 years of experience, championing customer-centric innovation. Co-founder of The Joule Foundation, she helped participants understand how edge computing is reshaping industries and unlocking new possibilities for real-time intelligence and innovation.

    Kent Gilson: Chief Technology Officer at Revobots and a pioneer in mechatronics, Kent brought decades of experience leading robotics innovation, including developing cutting-edge AI-powered humanoid robots like TASKBOT. He shared insights on how robotics is transforming industries and the future of work, blending deep technical expertise with visionary leadership.

    Jim W. Ko: Principal Attorney at Ko IP & AI Law PLLC and board advisor for the AIVN – Artificial Intelligence Venture Network. A leading expert in intellectual property and AI law, he provided cutting-edge counsel to businesses navigating AI challenges, blending deep legal expertise with technology innovation.

    Sandy Martinez, M.Ed.: Higher Ed Leader turned Web3 Strategist, Founder of Women of Web3, Motivational Speaker, Career Coach, and Author. She is transforming the Web3 space through empowerment and education. Sandy shared insights on inclusive digital futures and unlocking Web3’s power for social impact.

    Argustic Dunbar: Senior RPA Developer and Founder of RPA University. Known as “The RPA Guy,” he delivered a high-impact keynote, Fast-Track to Six Figures: Why RPA is the Smartest Tech Career Choice Today, where he revealed insider strategies and actionable steps to leverage automation technology for career growth.

    P.J Way: An award-winning AI filmmaker and visionary speaker, transforming how content is created and experienced using AI-driven tools to craft films, music videos, and art installations. PJ held a workshop at the festival, Beyond the Buzz: Real-World Content Creation with AI Tools for Brands That Need Results, Not Gimmicks, showing how to use AI for authentic, business-impactful content.

    Stephanie Orji, CPACC: Director of Digital Accessibility and Founder of Innov8ive Academy and Innov8ive Solution, leading inclusive tech initiatives. An expert in ensuring digital experiences work for all users, she emphasized accessibility as a driver of innovation and business growth.

    Briant Becote, Ph.D, CISSP, PMP: Cybersecurity Professor at the University of Advancing Technology and former Director of International Relations for the US Navy. With over 22 years of experience, he shared insights on evolving cybersecurity landscapes and resilient systems.

    Matthew Burkett: Founder of CEOPRO.AI, he presented professional insights on leveraging AI for business growth and how advanced technology can drive sustainable expansion.

    Moderator
    Torund Bryhn: Podcast Host at Public Figure Society with over five years of experience, transforming experts into public figures. She led a powerful conversation featuring top industry leaders who are shaping the next wave of innovation in tech and AI.

    Live Tech Showcase/ Exhibitors
    Attendees explored tools, platforms, and ideas that are already making a difference in business and education today. Featured exhibitors included:

    REVOBOTS – Showcased TaskBot, their lifelike, hyper-humanoid 3D printed humanoid robot powered by agentic AI and built to operate seamlessly in real-world environments. TASKBOT is designed to solve real labor challenges through intelligent automation and human-in-the-loop learning. Built for jobs that are dangerous, dull, dirty, and dexterous, it’s not just a robot-it’s a new way of thinking about the Future of Work.

    DataRango – A gamified learning platform making AI education more accessible and engaging.

    CEOPro.ai – Offering intelligent business consulting tools to support strategic growth.

    Interview Buddy – A virtual AI-powered mentorship platform offering prep sessions in machine learning, design, and management offering customized, interactive mock interviews tailored to their resume and career goals.

    OPNRS – Showcased its networking app, enabling meaningful professional connections, presented by Herbie. OPNRS leverages innovative technology to facilitates authentic technology in a digital world.

    Strategic Partnership
    The successful execution of the Phoenix Tech Festival 2025 was made possible through the support of our strategic partners. We acknowledge the valuable contributions of Metropolis Marketing, PodWorks Studios, AIVN (Artificial Intelligence Venture Network), led by Bill Swartz, and Innov8ive Academy, under the leadership of Stephanie Orji, with support from Zach Madson, Elite List and Briana Polanco.

    We also recognize the cross-functional teams responsible for planning, operations, logistics, marketing, content, and technical delivery, whose coordinated efforts ensured a seamless event experience.

    Additionally, we extend our sincere appreciation to Jake Henningsen, the Career Services Coordinator at the University of Advancing Technology, and the dedicated team of student volunteers from UAT, which included Nicholas James, Alexis Sloan, Amara Hill, Joey Monroe, Ethan Nguyen, Paul Thomas, and Marcus Frazier.

    At DataGlobal Hub, we remain committed to fostering impactful partnerships as we shape the future of technology and innovation across the globe.

    Scholarship Award
    As part of our ongoing mission to empower and upskill communities, students, and enthusiasts, DataGlobal Hub granted scholarship access to all volunteers during the festival offering one year of full access to 500+ AI, Data, and Tech courses.

    What’s Next
    Building on the success of Phoenix Tech Festival, DataGlobal Hub is excited to announce its upcoming event “Global Data and AI Virtual Tech Conference GDAI 2025” set to take place later this year. This flagship online event will convene over 100 renowned speakers, researchers, and tech leaders to share real-world insights across AI, data science, business innovation, robotics, and more. GDAI 2025 is designed to be more than a conference; it’s an interactive, global learning experience focused on real opportunities, actionable knowledge, and community connection. Whether you’re a student, founder, or executive, GDAI 2025 will give you the edge to grow, build, and lead in today’s digital world.

    Call to action
    Register for GDAI: https://dataglobalhub.org/events/gdai/register
    Become a partner: https://dataglobalhub.org/events/gdai/partnership
    Call to speak: https://dataglobalhub.org/events/gdai/call-for-speakers

    About DataGlobal Hub
    DataGlobal Hub is a trusted global media organization focused on news, analysis, and resources in the world of Data and Artificial Intelligence. Our mission is to empower individuals and organizations to thrive in the digital era through high-quality content, thought leadership, mentorship and community engagement. With a growing network of global experts and contributors, we remain committed to making AI knowledge practical, inclusive, and impactful.

    Learn More About DataGlobal Hub:
    Website: https://dataglobalhub.org
    Instagram: https://www.instagram.com/dataglobalhub?igsh=YzljYTk1ODg3Zg==
    LinkedIn: https://www.linkedin.com/company/dataglobal-hub/
    X (Twitter) : https://x.com/DataGlobalHub

    Media Contact.
    Company Name: DataGlobal Hub
    Website: https://www.dataglobalhub.org/
    Contact Person: Mojeed Abisiga, CEO
    Email: partnerships@dataglobalhub.org

    Photos accompanying this announcement are available at :

    https://www.globenewswire.com/NewsRoom/AttachmentNg/497b47e5-df04-4745-bf27-b565c34cbd9c

    https://www.globenewswire.com/NewsRoom/AttachmentNg/d3935828-fb51-48e3-9d42-b00b1ab71a61

    The MIL Network –

    May 20, 2025

  • MIL-OSI Russia: Bashneft Launches First Fully Automated Digital Substation in Bashkiria

    Translation. Region: Russian Federal

    Source: Rosneft – Rosneft – An important disclaimer is at the bottom of this article.

    ANK Bashneft (part of Rosneft) launched a highly automated substation in the Krasnokamsk region of the Republic of Bashkortostan. The substation was launched as part of the 33rd international specialized exhibition Gas. Oil. Technologies, which is taking place in Ufa.

    The completely renovated Mirnaya substation receives, converts and transmits high-voltage energy of 110 thousand volts (110 kV). The substation will provide reliable power supply to more than 470 production wells and 5 large production sites: an oil terminal, reservoir pressure maintenance facilities and primary oil refining facilities.

    All processes at the facility are carried out automatically, no personnel is required. This will reduce operating costs by more than 40%. All Mirnaya equipment is Russian-made.

    Remote control of the substation is carried out from the control center of the Arlan oil and gas production region (part of Bashneft). Operational personnel determine the equipment load and monitor the operation of the power system in real time.

    The launch of the Mirnaya substation marks the start of a large-scale pilot project of Rosneft in the Republic of Bashkortostan to create a Digital Electricity Grid Region (DEG), which will include several highly automated substations controlled from a single control center.

    Reference:

    ANK Bashneft is one of the oldest enterprises in the country’s oil and gas industry, operating in the extraction and processing of oil and gas. The company’s key assets, including oil refining and petrochemical complexes, are located in the Republic of Bashkortostan.

    The modernization of Bashneft’s energy systems allows for an uninterrupted supply of electricity to the company’s production facilities, while reducing labor costs for maintenance and major repairs.

    Department of Information and Advertising of PJSC NK Rosneft May 20, 2025

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

    May 20, 2025

  • MIL-OSI United Kingdom: Pioneering approach to green energy planning launched in Winchester

    Source: City of Winchester


    Winchester City Council is using a pioneering new digital tool called LENZA to create a digital local area energy plan (LAEP) for the district – it’ll be the first of its kind in the country to be developed this way.

    A local area energy plan is recognised as the best way of making sure local energy use is as green and efficient as possible. It will help the district become greener faster by identifying the most cost-effective route to make the district’s energy use greener and helping communities to bring forward their own local energy schemes.

    Using the LENZA tool, the city council is able to identify where energy saving measures can be introduced. One example is that it can assess the potential heat loss from buildings, which allows the city council to suggest measures such as improved insulation or low carbon heating to reduce reliance on fossil fuels.

    The LENZA tool – which was co-developed by Scottish and Southern Electricity Networks (SSEN) Distribution (the Distribution Network Operator which serves central southern England) and spatial analytics and software company, Advanced Infrastructure (AI) Technology Limited – can also help identify the best locations for renewable technologies such as solar panels and electric vehicle charging points, and where the most suitable locations for renewable energy generation sites are in the district.  Winchester’s LAEP will be developed in collaboration with SSEN and AI, following a successful pilot project in 2024.

    LENZA gives the council free access to important data and tools to support its development of a LAEP, resulting in cost savings of up to £50,000 or 54% compared to traditional consultancy methods.

    Councillor Kelsie Learney, Cabinet Member for climate emergency at Winchester City Council, said:

    “Having experienced the capabilities of LENZA as a data tool during the pilot project, I’m really excited to see how it can help us develop our local area energy plan. It’ll provide a detailed picture of future energy needs in Winchester district and allow the team to support the development of green energy schemes to power and heat our homes, vehicles and workplaces and also supply renewable energy back into the grid.”

    Andrew Wainwright, Whole Systems Manager at SSEN Distribution said:

    “It’s been a privilege for me and my team to follow Winchester City Council’s LENZA journey since they became one of the first local authorities we introduced to the platform.

    “They’ve embraced LENZA with enthusiasm, and the benefit of this approach will be borne out in the forthcoming Local Area Energy Plan. And crucially, it’s the communities in Winchester who’ll see the benefits of this hard work and ambition.

    “In the years to come, they’ll feel the economic and societal benefits of decarbonisation, because of the forward-thinking work the team at Winchester City Council is doing, with our support.”

    Christopher Jackson, CEO at Advanced Infrastructure said:

    “We’re proud to support Winchester City Council in developing the UK’s first digital Local Area Energy Plan within LENZA. Built on Advanced Infrastructure’s LAEP+ platform, LENZA has already demonstrated its value to many local authorities within SSEN’s licence area. This marks a significant step forward in local energy planning, enabling councils to access the granular data and powerful digital tools required to plan their net zero strategies efficiently.”

    It is expected that the LAEP will be completed by early 2026.

    Anyone interested in knowing more about the development of a LAEP for the Winchester district is invited to attend the online Carbon Neutrality Open Forum event on the evening of Wednesday, 21 May from (6:30pm – 8pm).

    Last Updated: Tuesday 20 May 2025

    MIL OSI United Kingdom –

    May 20, 2025

  • PM Modi to visit Rajasthan on May 22, unveil development projects worth over ₹26,000 crore

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi is scheduled to visit Rajasthan on May 22, where he will inaugurate and lay the foundation stone for a series of development projects worth over ₹26,000 crore. The visit will include a public address in Palana, Bikaner, and a darshan at the Karni Mata Temple in Deshnoke around 11:00 AM.

    Focus on Rail Infrastructure

    As part of the day’s events, PM Modi will inaugurate the redeveloped Deshnoke Railway Station under the Amrit Bharat Station Scheme and flag off the Bikaner-Mumbai express train. He will also launch 103 redeveloped Amrit Stations across 86 districts in 18 states and union territories, developed at a cost of over ₹1,100 crore. These stations integrate modern passenger amenities with regionally inspired architecture and improved accessibility, including facilities for Divyangjan.

    Reflecting India’s diverse cultural fabric, stations like Deshnoke, Thawe, and Begumpet are being redesigned to showcase traditional architectural styles and local art forms as part of a nationwide revamp covering over 1,300 railway stations.

    The Prime Minister will also dedicate six electrified rail lines across Rajasthan and lay the foundation stone for the Churu–Sadulpur rail line. These electrification projects, covering nearly 1,000 km, support Indian Railways’ goal of 100% electrification for enhanced operational efficiency and reduced carbon emissions.

    Expansion of Road Network

    Significant investments in road infrastructure are also on the agenda, with PM Modi laying the foundation stone for three vehicle underpasses and several national highway upgrades. He will also dedicate seven major roadway projects in Rajasthan, collectively worth over ₹4,850 crore. These projects aim to improve connectivity to the Indo-Pak border, boosting both civilian mobility and national security.

    Push for Renewable Energy and Power Transmission

    The Prime Minister will further inaugurate and lay the foundation stones for several power and renewable energy projects, including large-scale solar energy developments in Bikaner and Didwana Kuchaman. Projects under PowerGrid Mewar and Sirohi Transmission Ltd will bolster energy evacuation systems. The expansion of solar and transmission capacity is expected to provide clean energy and support India’s climate goals.

    State Projects: Roads, Health, and Water Supply

    A total of 25 state government projects will also be inaugurated or launched during the visit. These include improvements to over 750 km of state highways, with an additional 900 km planned under future phases, at a cost exceeding ₹3,240 crore. In the health sector, PM Modi will inaugurate nursing colleges in Rajsamand, Pratapgarh, Bhilwara, and Dholpur to enhance medical education and local healthcare capacity.

    Water infrastructure projects will also feature prominently. These include the Rural Water Supply and Fluorosis Mitigation Project in Jhunjhunu and the restructuring of urban water supply schemes in seven towns of Pali district under the AMRUT 2.0 scheme.

    This visit comes as part of the government’s broader push to enhance infrastructure, connectivity, and clean energy development across India’s heartland, with Rajasthan at the centre of several strategic initiatives.

    May 20, 2025

  • MIL-OSI United Kingdom: UK announces major sanctions in support of Ukraine

    Source: United Kingdom – Executive Government & Departments

    Press release

    UK announces major sanctions in support of Ukraine

    As President Putin ruthlessly intensifies his strikes against innocent Ukrainians, the UK is ramping up pressure with raft of 100 new sanctions.

    • UK announces wide-ranging sanctions on Russia as Putin launches his biggest ever drone attack against Ukraine.  

    • 100 sanctions targets across Russian military, energy, financial sectors and those conducting Putin’s information war against Ukraine.  

    • UK and partners are also working to tighten the Oil Price Cap, further restricting critical oil revenues for Putin’s war machine.

    As President Putin ruthlessly intensifies his strikes against innocent Ukrainians, the UK is ramping up pressure with raft of 100 new sanctions. 

    The latest sanctions targets include entities supporting Russia’s military machine, energy exports and information war, as well as financial institutions helping to fund Putin’s invasion of Ukraine.    

    On Saturday, Russia fired 273 drones at Ukrainian cities, the biggest drone onslaught of the war.  A strike on a bus in Sumy killed nine civilians.  

    Putin has so far not put in place the full, unconditional ceasefire that President Trump has called for, and which President Zelenskyy endorsed over two months ago.  

    The UK’s latest sanctions action comes as the EU prepares to announce its 17th package of sanctions against Russia, in a co-ordinated effort to secure a just and lasting peace in Ukraine.    

    Today’s measures sanction the supply chains of deadly Russian weapons systems, including Iskander missiles.  This will protect Ukrainian lives, and our collective security by disrupting Russia’s military machine.     

    Putin has repeatedly fired Iskander missiles into crowded civilian areas with a callous disregard for life.  He used these weapons during the strike against Sumy on 13 April that killed 34 civilians including children, some of them heading for Palm Sunday services.     

    UK and other Western sanctions are having a severe effect on Russia’s economy.  Russian GDP shrank in the first quarter of the year and the non-defence economy has been in recession for some time.  Security and defence spending is now over 40% of the federal budget, and Putin has had to raise taxes and slash social spending in order to continue the war.    

    Every rouble by which we cut Kremlin revenues diminishes Putin’s ability to sow chaos, division and disorder across the world and protects the British people, increasing security and prosperity at home.

    As the Prime Minister set out at the European Political Community summit on Friday, people in Ukraine and across the world have paid the price for Putin’s aggression and now he must pay the price for avoiding peace.

    Foreign Secretary, David Lammy said:

    Putin’s latest strikes once again show his true colours as a warmonger.  

    We urge him to agree a full, unconditional ceasefire right away so there can be talks on a just and lasting peace.   

    We have been clear that delaying peace efforts will only redouble our resolve to help Ukraine to defend itself and use our sanctions to restrict Putin’s war machine.

    Today’s sanctions also target 14 more members of the Social Design Agency (SDA), which carries out Kremlin-funded information operations that are designed to undermine sovereignty, democracy, and the rule of law in Ukraine and across the world.    

    The UK previously sanctioned the SDA and several of its leaders in 2024.  We are now targeting all levels of the organisation.    

    In addition, today’s measures will strike at the heart of Putin’s efforts to get around our sanctions and help block his failing attempts to reconnect to the international economy.   

    Today’s action targets 46 financial institutions that help Russian attempts to evade sanctions, as well as the St Petersburg Currency Exchange, and the Russian Deposit Insurance Agency which insures Russian banks.  These new sanctions will further isolate the Russian economy and disrupt Russia’s revenue streams.     

    Finally, the UK will also sanction 18 more ships in the ‘shadow fleet’ carrying Russians oil, along with the fleet’s enablers.  The Prime Minister announced 110 shadow fleet related sanctions ahead of his visit to Kyiv earlier this month.   

    Today’s targets include John Michael Ormerod, a British national who procured ships for Russia’s shadow fleet, and two Russian captains of shadow fleet tankers.  This action imposes a personal cost on those who are supporting Russia’s trade in oil and is another step in the Foreign Secretary’s personal mission to constrain the Kremlin and a crucial part of the Plan for Change to ensure a secure Britain.     

    The UK is also working with partners to tighten the Oil Price Cap that limits the price that Russia can charge for its oil if transported using G7 services like insurance and shipping.  We are reviewing the $60 crude price level, with a view to lowering the cap closer to the cost of production and hitting Putin where it hurts by striking at his oil revenues.

    Background

    The Full list of today’s targets can be found here

    Media enquiries

    Email newsdesk@fcdo.gov.uk

    Telephone 020 7008 3100

    Email the FCDO Newsdesk (monitored 24 hours a day) in the first instance, and we will respond as soon as possible.

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    Updates to this page

    Published 20 May 2025

    Invasion of Ukraine

    • UK visa support for Ukrainian nationals
    • Move to the UK if you’re coming from Ukraine
    • Homes for Ukraine: record your interest
    • Find out about the UK’s response

    MIL OSI United Kingdom –

    May 20, 2025

  • MIL-OSI Europe: Briefing – A coordinated EU approach to housing – 20-05-2025

    Source: European Parliament

    The recent cost-of-living crisis has exacerbated a longstanding problem with housing affordability in the EU. Higher building costs and mortgage rates, together with a related decrease in housing construction, have made access to home ownership more difficult. At the same time, investors use housing as a vehicle for investment. Growing numbers of people are struggling to access affordable housing, whether to rent or to buy, particularly in cities. Across Europe, homelessness is rising. In addition, many residential buildings need to be made energy-efficient and decarbonised in order to achieve the EU’s energy and climate goals, lower energy consumption and reduce energy bills. While the EU has no direct competence in the area of housing and only a limited scope of action to address social issues, it provides relevant guidance and funding, and has carried out several initiatives to support housing. Furthermore, certain EU rules have a indirect impact on housing provision, starting with the Energy Performance of Buildings Directive. In parallel, many sources of EU funding are available for various housing-related purposes in the current financing period. In the run-up to the 2024 European elections, the lack of adequate and affordable housing, and the need to address it at EU level, emerged as a concern across the whole of the EU and the entire political spectrum. The new European Commission) is giving housing policy visibility and weight by proposing a coordinated approach. For the first time, housing has become a distinct part of a commissioner’s portfolio. Dan Jørgensen, the new Commissioner for Energy and Housing, is responsible for dealing with several complex issues relating to housing. In 2024, the spotlight was on affordable housing, while 2025 is seeing a scaling-up of housing-related policy developments across the EU institutions, including discussions, consultations and funding initiatives. This updates a briefing published in January 2025.

    MIL OSI Europe News –

    May 20, 2025

  • India leads call for inclusive energy governance at BRICS ministers’ meet

    Source: Government of India

    Source: Government of India (4)

    Union Minister for Power and Housing & Urban Affairs, Manohar Lal, led the Indian delegation at the BRICS energy ministers’ meeting held in Brasília, Brazil, under the country’s ongoing presidency. The meeting was convened under the theme “Strengthening Global South Cooperation for More Inclusive and Sustainable Governance.”

    During his address, the minister highlighted energy security as one of the most pressing global challenges and emphasized the urgent need to deepen BRICS cooperation to ensure economic stability, sustainability, and equitable access to energy resources. He reaffirmed India’s strong commitment to building a sustainable and inclusive energy future and commended Brazil’s leadership in advancing the collective energy agenda of the Global South.

    Showcasing India’s rapid progress in clean energy development, Lal noted a 90 percent increase in electricity generation capacity over the past decade, reaching 475 GW in 2025, with a national target of 900 GW by 2032. He said that India had become the world’s third-largest producer of solar and wind energy and was progressing steadily toward its Nationally Determined Contributions.

    Lal also highlighted India’s achievement of a 20 percent ethanol blending milestone, underlining its role in advancing biofuel adoption and emissions reduction. The country is also investing heavily in smart grid infrastructure, advanced metering systems, and expanded transmission networks, including the Green Energy Corridor.

    Additionally, India has set ambitious goals for green hydrogen and nuclear energy, including a target of 100 GW of nuclear capacity by 2047. The recent launch of a domestic Carbon Credit Market was also mentioned, with the minister inviting global collaboration in this initiative.

    Lal underlined the importance of energy efficiency and sustainable infrastructure development through programs such as the Energy Conservation Sustainable Buildings Code, rooftop solar initiatives, and improved standards for energy-efficient appliances. He further emphasized the role of the Global Biofuels Alliance in enhancing international cooperation in the biofuels sector.

    While advocating for clean energy, the minister also acknowledged the continuing role of fossil fuels in the global energy mix, particularly for developing countries. He called for greater international cooperation in promoting cleaner and more efficient use of fossil fuels through technologies such as coal gasification, carbon capture and storage, and green chemical innovations.

    Lal extended an invitation to the BRICS nations to participate in the next BRICS Energy Gathering, which is scheduled to be hosted by India in 2026. He reaffirmed India’s commitment to leading the energy dialogue for the Global South and to building a collaborative path toward a more secure, inclusive, and sustainable energy future.

    May 20, 2025

  • MIL-OSI Russia: Kirill Kosarev, a graduate of the Geological and Geophysical Faculty of NSU, became a finalist in the project “Career in OFS”

    Translation. Region: Russian Federal

    Source: Novosibirsk State University – Novosibirsk State University –

    In November 2024, the oilfield services company OFS Technologies launched the Career in OFS project (kareraofs.rf) for the second time — a program to find promising and talented students and graduates who want to start a career in the oil and gas industry. More than 80 educational institutions in Russia were invited to participate. In total, more than 450 people took part in the project.

    The participants passed the selection tests, following which the best were invited to the final in-person stage in Tyumen, at the site of the company “OFS Technologies”. Among the 47 most promising participants was a graduate Faculty of Geology and Geophysics Novosibirsk State University – Kirill Kosarev.

    — I have been participating in such projects all year. This is a great way to start a career in a large oilfield services company when you are just graduating from university, you have no experience yet, but you have knowledge and a desire to develop. In addition, this is an opportunity to make useful contacts, — Kirill Kosarev said about the reasons for participating in the project.

    As part of the final stage, the participants visited the Remote Drilling Support Center and the Tyumen Oilfield Equipment Plant, a unique Russian manufacturer of submersible cable for oil wells. The contestants demonstrated their skills in a technical team task and also passed individual interviews with representatives of business areas and the HR department. In addition, the finalists passed an assessment, where they demonstrated the level of their technical knowledge acquired during their training.

    — The selection of finalists took place through an online test and a video business card. But the final was much more interesting and difficult. A team challenge awaited us: we built structures from scrap materials in several stages. First, there was a technical task: assembly according to drawings, then interviews. The tasks were designed for those who do not yet have much production experience, so the hardest thing was to cope with the excitement, — Kirill shared.

    Following the results of the competition, the winners received job offers at the facilities of the OFS Technologies company.

    — When the selection stage was taking place, I was calm and confident: I already have good achievements in the oil and gas sector. I felt that I did well with the test and the answers in the video business card, — Kirill summed up.

    We congratulate Kirill and all the finalists on their excellent results and wish them further professional growth, interesting projects and career victories!

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

    May 20, 2025

  • MIL-OSI: Extension of the Convertible Loan Note Offer by ASC Energy PLC

    Source: GlobeNewswire (MIL-OSI)

    The Company, the Euronext-listed ultimate parent of ASC Energy PLC, announces an extension to the Right of First Refusal (“RoFR”) process for the proposed issuance of new ASC Energy PLC Convertible Loan Notes, maturing in 2056 issued by ASC Energy PLC.

    Please see the full press release attached.

    Attachment

    • Extension of the Convertible Loan Note Offer by ASC Energy PLC and Right of First Refusal Process

    The MIL Network –

    May 20, 2025

  • MIL-OSI: Falcon Oil & Gas Ltd. – Filing of Interim Financial Statements

    Source: GlobeNewswire (MIL-OSI)

    FALCON OIL & GAS LTD.

    (“Falcon”)

    Filing of Interim Financial Statements

    20 May 2025 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) announces that it has filed its interim financial statements for the three months ended 31 March 2025 and the accompanying Management’s Discussion and Analysis (“MD&A”).

    The following should be read in conjunction with the complete unaudited unreviewed interim financial statements and the accompanying MD&A for the three months ended 31 March 2025, which are available on the Canadian System for Electronic Document Analysis and Retrieval (“SEDAR+”) at www.sedarplus.ca and on Falcon’s website at www.falconoilandgas.com.

    Q1 2025 Financial Highlights

    • Debt free with cash of $6.9 million at 31 March 2025 (31 December 2024: $6.8 million).
    • Continued focus on strict cost management and efficient operation of the portfolio.

    Ends.

    For further information, please contact:

    CONTACT DETAILS:

    Falcon Oil & Gas Ltd.          +353 1 676 8702
    Philip O’Quigley, CEO +353 87 814 7042
    Anne Flynn, CFO +353 1 676 9162
     
    Cavendish Capital Markets Limited (NOMAD & Broker)
    Neil McDonald / Adam Rae +44 131 220 9771
       

    Falcon Oil & Gas Ltd.
    Interim Condensed Consolidated Statement of Operations and Comprehensive Loss
    (Unaudited)

          Three months ended
    31 March 2025
    $’000    		 Three months ended
    31 March 2024
    $’000    		    
                 
    Revenue            
    Oil and natural gas revenue     – –    
          – –    
                 
    Expenses            
    Exploration and evaluation expenses     (40) (44)    
    General and administrative expenses     (491) (528)    
    Foreign exchange gain     77 120    
          (454) (452)    
                 
    Results from operating activities     (454) (452)    
                 
    Finance income     98 8    
    Finance expense     (141) (362)    
    Net finance expense     (43) (354)    
                 
    Loss and comprehensive loss for the period     (497) (806)    
                 
    Loss and comprehensive loss attributable to:            
                 
    Equity holders of the company     (497) (804)    
    Non-controlling interests     – (2)    
                 
    Loss and comprehensive loss for the period     (497) (806)    
                 
             
    Loss per share attributable to equity holders of the company:        
                 
    Basic and diluted     ($0.000) ($0.001)    

    Falcon Oil & Gas Ltd.
    Interim Condensed Consolidated Statement of Financial Position
    (Unaudited)

        At 31 March
    2025
    $’000    		 At 31 December
    2024
    $’000
           
    Assets      
    Non-current assets      
    Exploration and evaluation assets   53,347 50,291
    Accounts receivable   56 56
    Restricted cash   2,123 2,040
        55,526 52,387
           
    Current assets      
    Cash and cash equivalents   6,896 6,823
    Accounts receivable   139 3,031
        7,035 9,854
           
    Total assets   62,561 62,241
           
    Equity and liabilities      
           
    Equity attributable to owners of the parent      
    Share capital   406,684 406,684
    Contributed surplus   47,446 47,446
    Deficit   (410,652) (410,155)
        43,478 43,975
    Non-controlling interests   690 690
    Total equity   44,168 44,665
           
    Liabilities       
    Non-current liabilities      
    Decommissioning provision   16,751 16,587
        16,751 16,587
           
    Current liabilities      
    Accounts payable and accrued expenses   1,642 989
        1,642 989
           
    Total liabilities   18,393 17,576
           
    Total equity and liabilities   62,561 62,241

    Falcon Oil & Gas Ltd.
    Interim Condensed Consolidated Statement of Cash Flows
    (Unaudited)

        Three months ended 31 March
        2025
    $’000    		 2024
    $’000
           
    Cash flows from operating activities      
    Net loss for the period   (497) (806)
    Adjustments for:      
    Share based compensation   – 36
    Depreciation   – 1
    Net finance expense   43 354
    Effect of exchange rates on operating activities   (77) (120)
    Change in non-cash working capital:      
    Increase in accounts receivable   (110) (83)
    Increase in accounts payable and accrued expenses   19 7
    Net cash used in operating activities   (622) (611)
           
    Cash flows from investing activities      
    Interest received   8 8
    Exploration and evaluation assets   (2,384) (2,869)
    Legacy exploration permit bonds refund   19 –
    R&D Tax incentive refund   2,962 –
    Net cash generated by / (used in) investing activities   605 (2,861)
           
    Change in cash and cash equivalents   (17) (3,472)
    Effect of exchange rates on cash and cash equivalents   90 (231)
           
    Cash and cash equivalents at beginning of period   6,823 7,992
           
    Cash and cash equivalents at end of period   6,896 4,289

    All dollar amounts in this document are in United States dollars “$”, except as otherwise indicated.

    About Falcon Oil & Gas Ltd.

    Falcon Oil & Gas Ltd is an international oil & gas company engaged in the exploration and development of unconventional oil and gas assets, with the current portfolio focused in Australia, South Africa and Hungary. Falcon Oil & Gas Ltd is incorporated in British Columbia, Canada and headquartered in Dublin, Ireland.

    For further information on Falcon Oil & Gas Ltd. please visit www.falconoilandgas.com

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    Certain information in this press release may constitute forward-looking information. This information is based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Falcon assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward looking-statements unless and until required by securities laws applicable to Falcon. Additional information identifying risks and uncertainties is contained in Falcon’s filings with the Canadian securities regulators, which filings are available at www.sedarplus.ca.

    Attachment

    • 033125.3 FINAL Press release – Announcing release of 31 March 2025 results

    The MIL Network –

    May 20, 2025

  • M.R. Srinivasan, pioneer of India’s nuclear energy programme, passes away at 95

    Source: Government of India

    Source: Government of India (4)

    Dr. M.R. Srinivasan, a towering figure in India’s nuclear science community and former Chairman of the Atomic Energy Commission, passed away on Tuesday in Udhagamandalam, Tamil Nadu, at the age of 95.

    A key architect of India’s civil nuclear energy programme, Dr. Srinivasan’s career in the Department of Atomic Energy (DAE) spanned over five decades, beginning in September 1955.

    He worked closely with Dr. Homi Bhabha on the construction of Apsara, India’s first nuclear research reactor, which attained criticality in August 1956.

    In 1959, he was appointed Principal Project Engineer for the country’s first atomic power station. His contributions became even more prominent in 1967, when he took charge as the Chief Project Engineer of the Madras Atomic Power Station, helping lay the groundwork for India’s self-reliant nuclear power capabilities.

    In 1974, he became Director of the Power Projects Engineering Division in the DAE and, a decade later, assumed the role of Chairman of the Nuclear Power Board.

    Under his leadership, the country witnessed rapid growth in its nuclear infrastructure. Srinivasan oversaw the planning, construction, and commissioning of major power plants across India.

    In 1987, he was appointed Chairman of the Atomic Energy Commission and Secretary of the Department of Atomic Energy. That same year, he also became the founding Chairman of the Nuclear Power Corporation of India Limited (NPCIL).

    His tenure saw remarkable expansion: 18 nuclear power units were developed under his guidance — seven became operational, seven were under construction, and four remained in the planning phase.

    For his exemplary contributions to the field of nuclear science and engineering, Dr. Srinivasan was awarded the Padma Vibhushan, India’s second-highest civilian honour.

    “His legacy of visionary leadership, technical brilliance, and tireless service to the nation will continue to inspire future generations,” his daughter, Sharada Srinivasan, said in a statement issued by the family.

    Dr. Srinivasan’s death marks the end of an era in India’s scientific and technological history. He leaves behind an enduring legacy that helped power the nation’s progress and energy security.

    IANS

    May 20, 2025

  • ASHA sisters are first ray of health in remote villages: LS Speaker Om Birla

    Source: Government of India

    Source: Government of India (4)

    Lok Sabha Speaker Om Birla lauded ASHA workers as the strongest pillar of the nation’s health system, asserting that during times of crisis, when many step back, ASHA sisters step forward with unwavering commitment and selfless service.

    Speaking at the event organised by Promising Indian Society in collaboration with GAIL (Gas Authority of India Limited) at the UIT Auditorium, Birla said that if essential health services are reaching India’s most remote villages today, much of the credit goes to these frontline health workers. “They work tirelessly, day and night, for every pregnant woman, newborn, and person in need,” he said.

    Recalling the COVID-19 pandemic, Birla highlighted the dedication of ASHA sisters who, despite the risks, went door-to-door identifying the sick, delivering medicines, and connecting people to medical care, even as many were reluctant to step out. Their contribution, he said, is vital in nurturing a healthier, more self-reliant, and dignified future generation.

    Birla described the ASHA workers as embodiments of compassion, self-confidence, and dedication. He noted that the dialogue was more than just a formal gathering; it was a collective resolve that every citizen in the Kota-Bundi parliamentary constituency should enjoy good health, every expecting mother and child should be safe, and even the most marginalised individuals should live with dignity.

    Acknowledging their significant role in the Suposhit Maa Abhiyan, Birla applauded the efforts of ASHA sisters in reaching the most underserved sections of society. He urged them to identify pregnant women lacking adequate nutrition or medical care, so they can be supported effectively.

    Referring to the newly inaugurated Pradhan Mantri Divyasha Kendra in Kota, Birla mentioned that essential assistive devices will now be delivered to the homes of Divyangjans (persons with disabilities).

    He appealed to ASHA workers to help identify such individuals in their areas and inform the MBS Hospital or Lok Sabha office to ensure timely assistance. (IANS)

    May 20, 2025

  • MIL-OSI USA News: ICYMI: President Trump Signs TAKE IT DOWN Act into Law

    Source: The White House

    Today, President Donald J. Trump signed the TAKE IT DOWN Act into law — a key initiative of First Lady Melania Trump and a landmark step in the fight to protect victims of digital exploitation.

    The signing of this critical bill received bipartisan praise on Capitol Hill and beyond:

    Sen. Ted Cruz: “The TAKE IT DOWN ACT is an historic win for victims of revenge porn and deepfake image abuse. Predators who weaponize new technology to post this exploitative filth will now rightfully face criminal consequences, and Big Tech will no longer be allowed to turn a blind eye to the spread of this vile material. This day stands as a powerful testament to the bravery and dedication of Elliston Berry, Francesca Mani, Breeze Liu, and Brandon Guffey, whose relentless advocacy made this law possible. I am deeply grateful to my legislative partners, particularly Sen. Amy Klobuchar and First Lady Melania Trump, for their collaboration in advancing this critical legislation to protect every American’s privacy and dignity online.”

    Sen. Amy Klobuchar: “Big news: my bipartisan TAKE IT DOWN Act w/Sen. Cruz was signed into law by the President today.  It protects victims of online abuse and set some rules of the road for social media and AI. Thank you to the First Lady for her support and to the advocates who made this possible.”

    Rep. Maria Elvira Salazar: “Before this law, victims were ignored. Schools couldn’t act, police had no tools, and Big Tech looked away. With TAKE IT DOWN, that changes. Platforms must respond — and predators will face justice. Now, victims have the power and the law behind them.”

    X CEO Linda Yaccarino: “Honored to be at the @WhiteHouse today as @POTUS signed the Take It Down Act. Grateful to @FLOTUS for her dedication to ensuring safety. @X will continue to work alongside @SenTedCruz @MarshaBlackburn @RepNancyMace and @NCMEC to do everything possible to make the internet safer, especially for children.”

    South Carolina Attorney General Alan Wilson: “No one should have to live in fear of their most private moments being weaponized against them. Revenge porn is a cruel and deeply violating crime, and for too long, the law has lagged behind the technology. Today, with President Trump’s leadership, we’re now bringing that fight to the national stage, by standing up for survivors, holding predators accountable, and making it absolutely clear: digital abuse is real abuse, and it will be met with real consequences.”

    National Center for Missing & Exploited Children: “Today, @NCMEC_CEO, Michelle DeLaune and NCMEC’s Chief Legal Officer, Yiota Souras attended the TAKE IT DOWN Act bill signing ceremony at the White House. We’re grateful for @POTUS and @FLOTUS prioritizing this critical legislation and shining a light on child exploitation. This groundbreaking new law closes a dangerous gap by targeting the distribution of both real and digitally altered exploitative content involving children – content that may fall outside existing CSAM definitions – and requires social media platforms to take this imagery down. As the Congressionally designated national clearinghouse on missing and exploited children issues, we will continue to work with Congress and the Administration to identify evolving threats in child sexual exploitation and look forward to continuing our work together to protect children online.”

    National Organization for Women President Christian F. Nunes: “Today, President Donald Trump signed into law the Take It Down Act—the first bipartisan legislation that zeroes in on one of the most pernicious threats to women’s health and safety—the theft of our bodily autonomy through deepfake images used to harass and exploit women and girls … Today’s signing shows how much can be done when we get out of the silos that separate us from issue to issue and work together on the values and common goals that unite us despite those differences. When it comes to protecting women and girls from online abuse, this work is just beginning.”

    Sen. Marsha Blackburn: “I was pleased to be at the White House to witness the signing of The Take It Down Act, which will criminalize the distribution of nonconsensual intimate imagery. I will be working to get the Kids Online Safety Act to President Trump’s desk next to hold Big Tech accountable for failing to protect innocent children from online harms.”

    Sen. Shelley Moore Capito: “I am proud to be an original cosponsor on the TAKE IT DOWN Act. This important legislation will protect victims of digital exploitation by making non-consensual, explicit images shared online against the law. Thank you to @FLOTUS for your work on this issue and for @POTUS signing it into law today.”

    Sen. John Cornyn: “I was honored to join @POTUS + @FLOTUS at the @WhiteHouse today for the signing of the TAKE IT DOWN Act. This bill will help punish predators & protect kids from exploitation by requiring online platforms to remove explicit images, including AI generated deepfakes, within 48 hours. Happy to see this commonsense bill signed into law!”

    Sen. Catherine Cortez Masto: “I’m glad Pres. Trump signed our bipartisan TAKE IT DOWN Act today. We’ve seen how technology can deliver incredible innovations but there have to be guardrails to keep people safe. That’s why I supported this bill to protect and empower victims of real and deepfake revenge porn.”

    Sen. Roger Wicker: “The U.S. must lead in AI innovation and accountability. Today, President Trump signed the Take It Down Act. This new law protects people from AI deepfakes which often target families and children.”

    Sen. Todd Young: “Glad to see @POTUS sign our TAKE IT DOWN Act into law today to protect victims—especially young women and children—from harmful deepfakes.”

    House Majority Whip Tom Emmer: “Glad to see @POTUS sign the Take It Down Act into law. Deepfake sexual exploitation has sadly become more common with technological advancements. Thankfully, this law will hold perpetrators accountable and protect the victims of these depraved crimes.”

    House Republican Conference Chair Lisa McClain: “In America, we will not tolerate the exploitation of our children. This law will protect our children and families from becoming targets of digital predators. I’m proud to have stood alongside President Trump when he signed this important legislation into law. I look forward to continuing to support his administration and the First Lady’s efforts to hold those who create harmful content accountable, ensure that platforms take responsibility, and keep our children safe in the digital age.”

    Rep. Rick Allen: “✅ SIGNED INTO LAW: The Take It Down Act As a grandfather of 14, I was proud to support this bill in @HouseCommerce and on the House floor. Thank you to @FLOTUS for your tireless work to create a safer digital future and protect our kids from online exploitation.”

    Rep. Vern Buchanan: “President Trump has signed the TAKE IT DOWN Act into law, which protects children and victims of revenge porn from online exploitation. I was proud to help introduce this bill and vote for its passage in support of those who have been subject to this horrific violation.”

    Rep. Kat Cammack: “Glad to support the Take It Down Act and to see it signed into law today by @POTUS.”

    Rep. Ben Cline: “President Trump just signed the bipartisan TAKE IT DOWN Act into law—a major step toward removing non-consensual AI-generated deepfakes on social media. Grateful for @FLOTUS’s leadership in getting this across the finish line and protecting every American from these harmful images.”

    Rep. Debbie Dingell: “The TAKE IT DOWN ACT is now law. This is a huge win for women and children across the country. Grateful for my partners in the House and Senate who helped get this bill across the finish line and passed into law.”

    Rep. Randy Feenstra: “Thank you to President Trump for signing the TAKE IT DOWN Act to deliver the harshest punishment possible for criminals who take advantage of our kids.”

    Rep. Laura Gillen: “I was proud to vote for the bipartisan Take It Down Act and glad to see it signed into law today. No one should have to endure such a violation of privacy without protection. #TakeItDown”

    Rep. Morgan Griffith: “For me, voting for the Take It Down Act was easy. This commonsense bill protects our kids from nonconsensual online distribution of sexually explicit images.”

    Rep. Brett Guthrie: “I want to thank President Trump and First Lady Melania Trump for their steadfast leadership, as well as the millions of Americans affected by online exploitation, for their courage. As the Chairman of the House Committee on Energy and Commerce, I am proud that we delivered on our commitment to advance this important legislation to protect victims of online exploitation. I want to honor Eli Heacock, and express my gratitude to his mom, Shannon Cronister-Heacock, for having the courage to share her son’s devastating story. The scourge of sexual exploitation online has upended the lives of innocent victims all across our country. The TAKE IT DOWN Act is an important step forward in protecting kids from new, 21st century threats to their well-being. This bill would not have been possible without the bravery of families like the Heacocks, and the TAKE IT DOWN Act works to ensure tragedies like this never happen again.”

    Rep. Pat Harrigan: “A few weeks ago, I voted for the TAKE IT DOWN ACT in the House. Today, it’s the law! Justice is here for the victims, and a reckoning is coming for those who thought they could get away with preying on the vulnerable.”

    Rep. Diana Harshbarger: “The Take It Down Act is a crucial step in protecting our children from predatory behavior online. I was proud to support this important legislation!”

    Rep. Kevin Hern: “I’m honored to be at the @WhiteHouse today to witness @POTUS sign the Take It Down Act into law! Earlier this year, @FLOTUS came to Capitol Hill for a roundtable that I was grateful to be a part of. We heard directly from teenagers whose lives had been destroyed by malicious AI-generated pornographic images shared on social media. This legislation will require social media sites to act as quickly as possible to remove such images from their platforms. The First Lady has been an incredible advocate for this legislation, helping to garner bipartisan support in both the House and Senate. Congratulations!”

    Rep. Young Kim: “Good news! The TAKE IT DOWN Act is now the law of the land to protect kids from online exploitation. I was proud to vote in favor of this historic, bipartisan bill on the House floor.”

    Rep. Barry Loudermilk: “Today, @POTUS signed the TAKE IT DOWN Act into law. As AI advances, so do the risks involved with it. This legislation will help children and their families to remove explicit or defamatory images posted online. In the digital age, privacy and security are vital and this is a major step.”

    Rep. Nancy Mace: “We’re at the @WhiteHouse as the Take It Down Act is signed into law. Thank you, President Trump. With the rise of AI and deepfake a*use, women and children have been left vulnerable for too long. The Take It Down Act finally gives victims real protection, and makes exploitation a crime, not a loophole.”

    Rep. Ryan Mackenzie: “Proud to attend today’s signing of the Take it Down Act. As a Pennsylvania State Representative, I helped to lead efforts to remove harmful deepfake images. Now, this law takes that fight nationwide and protects young people throughout our nation from AI-generated online exploitation.”

    Rep. Nicole Malliotakis: “Today @POTUS signed the Take It Down Act, bipartisan legislation I co-sponsored, into law! Together we’re protecting women (and men) from becoming victims of digital exploitation.”

    Rep. August Pfluger: “I just witnessed @POTUS sign the TAKE IT DOWN Act into law! This is a major step forward in protecting innocent victims and restoring online accountability, and I was proud to co-lead this legislation alongside @RepMariaSalazar.”

    Rep. Roger Williams: “Today @POTUS signed the bipartisan TAKE IT DOWN Act into law. This law will hold abusers accountable and empower victims of online abuse to have deepfake content or explicit material shared without their consent removed. We will not tolerate the exploitation of our children.”

    Attorney General Pam Bondi: “I was proud to stand with @POTUS as he signed the Take It Down Act. Thank you @FLOTUS for your work in safeguarding children from deepfake exploitation.”

    Secretary of Housing and Urban Development Scott Turner: “As @FLOTUS’ Take it Down Act is signed into law, @POTUS highlights $25 million to support foster youth aging out of the foster care system. I am proud to partner with the First Lady to provide young adults with the assistance and foundation they need to transform their lives.”

    Small Business Administration Administrator Kelly Loeffler: “Congratulations to @FLOTUS on the official signing of the Take It Down Act. This nation is so grateful for your advocacy and commitment to protecting America’s children!”

    House Republican Conference: “The Take It Down Act was signed into LAW by @POTUS!
    Congratulations to @FLOTUS, @RepMariaSalazar, and Chairman @RepGuthrie. Thank you for leading this effort to protect children from exploitation online.”

    House Energy & Commerce Committee: “This bill will protect countless Americans from entirely preventable harm online.”

    Republican Study Committee: “This is a huge win. The TAKE IT DOWN Act is critical to protecting children from non-consensual deepfakes online and holds AI abusers accountable. Thank you, President Trump!”

    Department of Homeland Security: “Thank you @POTUS Trump for continuing to prioritize America’s children by signing into law the “Take It Down Act,” to protect children from extortion. DHS is at the forefront fighting predators who try to harm and exploit our children. Make America Safe Again!”

    MIL OSI USA News –

    May 20, 2025

  • MIL-OSI China: Microgrids power China green energy transition

    Source: People’s Republic of China – State Council News

    At a new energy vehicle industrial park in the city of Xuzhou, east China’s Jiangsu Province, a large digital screen flashes real-time data on solar power generation and carbon dioxide reduction.

    Sprawling across the park’s rooftops are 52,000 square meters of photovoltaic panels, supported by an energy storage system. Together, they form a self-sufficient microgrid that generates nearly 7 million kilowatt-hours of electricity annually — enough to power the entire park.

    “This clean energy solution replaces 2,800 tonnes of coal consumption while cutting carbon emissions by about 7,500 tonnes every year,” said Zhang Dong, a technician at the State Grid Xuzhou Power Supply Company, noting that companies in the park could save over 20 percent on energy costs.

    Zhang added that demand for microgrid projects is surging in industrial parks across China, as companies see them as a way to help cut costs and transition toward greener growth.

    A microgrid is a localized power network typically composed of renewable energy sources such as solar and wind power, alongside energy storage systems. These systems can operate independently or in sync with the main power grid, making them flexible, environmentally friendly and stable.

    China has channeled substantial investment into microgrids. According to the action plan on accelerating the construction of new power systems, local governments are encouraged to build smart microgrid projects that cater to regional needs. The country’s 14th five-year plan for modern energy systems also underscores the importance of microgrid construction.

    More than 300 green microgrid projects are currently operational or under construction in the industrial sector, according to the Ministry of Industry and Information Technology.

    One of the leaders in the construction boom is the city of Changzhou in Jiangsu, both a manufacturing hub and a major new energy base. It has already launched nearly 40 microgrid projects and plans to increase the number to 300 by the end of 2027.

    “The microgrid expansion is both a result and a driver of China’s energy transformation,” said Zhang. “The falling costs of wind and solar power have made it feasible, while the decentralized energy model enhances grid stability and ensures cleaner power is available where it’s needed most.”

    China is steadily advancing toward its dual carbon goals of peaking carbon emissions by 2030 and achieving carbon neutrality by 2060. In the first quarter of 2025, newly installed wind and solar power capacity reached 74.33 million kilowatts, bringing the cumulative installed capacity to 1.482 billion kilowatts, surpassing coal-fired capacity for the first time, according to the National Energy Administration.

    In many densely populated Chinese cities like Suzhou in Jiangsu, where energy demand is high but land is scarce, centralized solar farms are not a viable option. Instead, distributed solar generation coupled with smart microgrids has emerged as the optimal approach to sustainable urban development.

    “Microgrids offer tremendous advantages in remote islands, deserts and areas where grid coverage is limited or electricity demand is high,” said Chen Hao, an associate professor at Renmin University of China.

    Suzhou’s microgrid system can now regulate over 20,000 kilowatts daily. During peak demand periods, these networks can achieve short-term self-balancing, supplying power to more than 5,000 households.

    Microgrids are also making energy management smarter. In many highway service areas across China, prime locations for microgrid deployment, AI-powered systems are used to optimize the real-time allocation of clean energy for electric vehicle charging based on traffic volume and weather conditions.

    A highway service area in Nanjing, capital of Jiangsu Province, has recently launched a smart microgrid featuring solar power, energy storage, fast-charging stations, and battery-swap infrastructure for light trucks. The system can dynamically allocate green electricity to meet the demand of vehicle charging services.

    “After years of development, microgrids are going beyond technological research and development to commercial applications,” said Tang Xisheng, a researcher at the Chinese Academy of Sciences.

    “We can expect to see their footprint expand across more industrial parks, residential communities, and rural regions in the future,” Tang added. 

    MIL OSI China News –

    May 20, 2025

  • MIL-OSI China: China’s green system wins key approval

    Source: People’s Republic of China – State Council News

    China Daily | May 20, 2025

    China’s energy market is becoming more accessible to green businesses worldwide, now that a key global renewable energy initiative has given its full backing to the nation’s green electricity certificates, authorities said.

    The National Energy Administration is pushing for wider use of the certificates to boost green power consumption, following the recent unconditional recognition given to the GEC system by RE100, a global campaign involving more than 400 member businesses that have committed to eventually using 100 percent renewable electricity in their operations.

    Wan Jinsong, deputy head of the NEA, said that RE100’s unconditional acceptance of the GECs is a “landmark achievement” that signals the international standing of the system.

    The move confirms that China’s renewable electricity market has made a crucial step forward in providing confidence to companies that use the GEC system, as they can make credible claims about using green power, knowing that their renewable energy purchases have a verifiable impact, according to the RE100 website.

    It also said that China has become an attractive international market for companies’ drive toward 100 percent renewable electricity, as proving their use of renewables in the country is now easier.

    Furthermore, the GEC system ensures that renewable energy use by large manufacturers in China is recognized throughout global supply chains, it said.

    Currently, 270 RE100 member companies purchase green electricity in China, according to Helen Clarkson, CEO of the Climate Group, which co-launched RE100.

    They reported an annual green electricity volume of 77 billion kilowatt-hours, accounting for 59 percent of their electricity consumption. Among these, the manufacturing sector consumed the most green electricity, reaching 63.876 billion kWh, said Clarkson.

    She added that RE100’s unconditional approval shows the influence of China’s GECs on the international stage. The system helps RE100 members and their suppliers meet renewable energy commitments, offering them more flexible ways to do so.

    This recognition followed successful discussions between RE100 and the China Renewable Energy Engineering Institute based on the mutual consensus on improvements to China’s GEC system that were led by the Chinese government.

    RE100 was launched in 2014 by the Climate Group and Carbon Disclosure Project. Member companies commit to using 100 percent renewable electricity by no later than 2050. Its technical guidelines influence how global companies and their supply chains buy renewable electricity.

    Yi Yuechun, deputy head of the China Renewable Energy Engineering Institute, said the GEC system helps assess provincial-level renewable energy targets and the use of green power by industries such as aluminum production. It also supports carbon accounting and carbon footprint calculations, he said.

    Manufacturing sectors such as telecommunications and automotive account for 70 percent of green electricity certificate purchases, he added.

    The GECs are the sole proof of the environmental attributes of renewable energy in China and serve as the only certificate for verifying renewable energy production and consumption. One certificate is generated for every 1,000 kWh of green electricity.

    China started its GEC system in 2017. Previously, China’s green certificates were only conditionally accepted by RE100, requiring extra proof. China improved the system by expanding the GECs to cover all renewable power projects in 2023 and making it the sole proof of renewable energy attributes.

    German chemical giant BASF was one of the first foreign companies to buy green power in China. BASF has been investing in new energy projects while also buying green electricity in China through power trading and the GECs to reduce its carbon emissions, it said.

    Pan Huimin, deputy head of the NEA’s new and renewable energy department, said the RE100 recognition will significantly increase the willingness and enthusiasm of RE100 member companies and their supply chains to purchase green electricity and use China’s certificates. This is expected to further expand the demand for the GECs, she said.

    Pan said that the NEA will continue to work with relevant departments to strengthen communication and exchanges with RE100. It will encourage RE100 to issue technical guidelines related to purchasing the GECs, which would better assist Chinese companies in buying them.

    The NEA will also enhance communication on the GEC system with China’s major trading partners to accelerate the process of achieving international mutual recognition.

    MIL OSI China News –

    May 20, 2025

  • MIL-OSI Submissions: Energy – Stop work order lifted, Empire Wind project resumes construction – Equinor

    Source: Equinor

    Empire Offshore Wind LLC (Empire), a subsidiary of Equinor ASA, has been informed by the Department of the Interior’s Bureau of Ocean Energy Management (BOEM) that the stop work order has been lifted for the Empire Wind project, allowing construction activities to resume.

    “We appreciate the fact that construction can now resume on Empire Wind, a project which underscores our commitment to deliver energy while supporting local economies and creating jobs,” says Anders Opedal, President and CEO of Equinor ASA.

    “I would like to thank President Trump for finding a solution that saves thousands of American jobs and provides for continued investments in energy infrastructure in the U.S. I am grateful to Governor Hochul for her constructive collaboration with the Trump Administration, without which we would not have been able to advance this project and secure energy for 500 000 homes in New York. We are very appreciative of New York City Mayor Adams, congressional leaders including Senator Schumer, Senator Gillibrand, Representative Garbarino, and Representative Goldman, as well as labour groups and other advocates that have maintained their steadfast support for the project,” says Anders Opedal, President and CEO of Equinor ASA.

    “I would like to thank the Norwegian Prime Minister Støre and Minister of Finance Stoltenberg for their support at a critical time, and that the Minister of Finance raised the situation with the U.S.administration,” says Anders Opedal, President and CEO of Equinor ASA.

    The stop work order was issued on 16 April 2025. Following dialogue with regulators and federal, state, and city officials, the stop work order has been lifted and construction activities will resume.

    “This project delivers on the energy ambitions shared by the United States and New York by providing a vital new source of power to the region. Empire Wind brings supply chain investments in states across the nation including New York, Louisiana, Pennsylvania, Texas and South Carolina,” said Molly Morris, President of Equinor Wind US.

    Equinor will perform an updated assessment of the project economics in the second quarter. Empire aims to be able to execute planned activities in the offshore installation window in 2025 and reach its planned commercial operation date in 2027. Empire will engage with suppliers and regulatory bodies to reduce the impact of the stop work order.

    After a competitive process, the United States government first leased Empire a designated area of the outer continental shelf off the coast of New York in 2017. After an extensive environmental review process, the United States government approved the plan to build a commercial offshore wind farm in early 2024, after which construction started. Project financing was secured in 2024. The project is currently more than 30 percent complete.

    The United States is a core country in Equinor’s portfolio. Since the early 2000s, Equinor has invested approximately USD 60 billion in U.S. energy projects, mainly within oil and gas, and more recently within low carbon solutions, critical minerals and renewables.

    MIL OSI – Submitted News –

    May 20, 2025

  • MIL-OSI USA: ICYMI: Sen. Cramer Op-Ed: If Countries Want Access to Our Markets, They Must Abide By Our Standards

    US Senate News:

    Source: United States Senator Kevin Cramer (R-ND)
    BISMARCK, N.D. – On President Trump’s “Liberation Day” last month, he argued non-tariff trade barriers are often more damaging to America’s competitiveness than actual tariffs imposed by foreign governments. He rightly called out unfair practices like currency manipulation, export subsidies, and intellectual property theft. But one often-overlooked offense stands out: lax environmental standards, enforcement, and compliance.
    In his remarks, the President blasted other countries for accusing America of committing environmental crimes and demanding that our producers pay for damages for which they were not responsible. U.S. Senator Kevin Cramer (R-ND), member of the Senate Environment and Public Works Committee, penned an op-ed in RealClearEnergy, arguing for an America First approach to foreign pollution, and that the rules we impose on ourselves reflect our stewardship values. If countries want access to our markets they should abide by our standards, and we shouldn’t devolve to theirs. 

    If Countries Want Access to Our Markets, They Must Abide By Our Standards
    RealClearEnergy – May 19, 2024
    On President Trump’s “Liberation Day,” he argued non-tariff trade barriers are often more damaging to America’s competitiveness than actual tariffs imposed by foreign governments.  
    The President called out several unfair practices used to create an artificial advantage in trade – currency manipulation, export subsidies, intellectual property theft, exorbitant value-added taxes, and unfair rules. But one often-overlooked offense stands out: lax environmental standards, enforcement, and compliance. He is right to pinpoint this disparity as it undermines U.S. competitiveness and directly harms the wellbeing of Americans.
    Emissions from industrial activities across the Pacific, particularly in China, contribute up to 30% of surface ozone and 20% of fine particulate matter in the western U.S., making it more difficult for states to meet their air quality targets under the Clean Air Act. In addition, mercury pollution from coal-fired plants in Asia accounts for 20 to 40% of mercury deposition in the West.
    If American facilities fail to comply with our environmental statutes, a state’s federal highway funds can be withheld, or strict regulatory constraints impacting the permitting and investment of new industrial facilities could be imposed. This is why U.S. Environmental Protection Agency (EPA) Administrator Lee Zeldin recently announced the removal of red tape that placed excessive burden on states’ ability to prove their pollution problem was linked to foreign sources. He understands Americans should not be punished for another country’s’ pollution.
    U.S. companies work hard to meet EPA requirements. They spend hundreds of billions on environmental compliance, with our manufacturing and energy-intensive sectors bearing the highest burden. A National Association of Manufacturers’ report found the average U.S. producer pays over $10,000 per employee annually on meeting environmental standards.
    When a regulation’s costs outweigh its public benefits, it should be eliminated. But Americans live by the old Boy Scout adage to “leave this world a little better than you found it.” We want safe environments for our workers, clean air and water, and for our innovators to create more efficient ways to produce more in America. The rules we impose on ourselves reflect our stewardship values. If countries want access to our markets they should abide by our standards, and we shouldn’t devolve to theirs. 
    “Free-trade-at-any-cost” idealogues portend all commodities are created equal, as if there isn’t intrinsic value in where a product is made. In their mind, a barrel of Russian or Iranian oil is the same as one out of North Dakota or Alaska, or a rod of Chinese steel is no different than one out of Cleveland or Pittsburgh. Never mind these foreign producers are dirtier, use their profits to promulgate foreign wars, and exploit abhorrent labor standards.
    In his remarks, the President blasted other countries for accusing America of committing environmental crimes and demanding that our producers pay for damages for which they were not responsible.   
    He’s right to decry this hypocrisy and I’m committed to working with him to hold overseas polluters accountable.
    Last Congress, Sen. Chris Coons (D-DE) and I introduced the PROVE IT Act, which would require the U.S. Department of Energy (DOE) to develop a dataset to compare the relative carbon efficiency of U.S. production to our foreign competitors. Existing data compiled by the Climate Leadership Council already shows the United States has a clear carbon advantage over its competitors. While the idea of using carbon as a metric might confuse those who seek to punish overseas producers for traditional pollutants, it serves as an excellent proxy for actual emissions. 
    On paper, China’s environmental regulatory regime appears reasonable, but enforcement and compliance suffer from corruption that results in cheating. Chinese companies, especially coal-fired power plants and heavy industries, have been documented turning off or bypassing pollution scrubbers to cut costs. Our bill requires DOE to strictly review foreign data to make sure this type of cheating isn’t tolerated.
    The President is right to focus on the effects of unfair trade practices to level the playing field. An America First approach on foreign pollution, however, can do much more – it can rewrite the script on how conservatives view U.S. environmental progress.
    Paired with effective trade measures that hold overseas polluters accountable, we can monetize the superior environmental performance of our workers and industry and protect public health. At the same time, we can create a durable and transparent trade agenda that not only encourages domestic investment in manufacturing but also cleans up the global environment. 
    Global demand for virtually everything is growing. If we want cleaner, more secure supply chains, we won’t get there by punishing ourselves. The solution is recognizing our excellence and making more in America!
    President Trump gets this. But first, we need the comparative emissions data authorized by the PROVE IT Act to determine the scope of this unfair trade practice and to help understand the impact of foreign pollution on America.

    MIL OSI USA News –

    May 20, 2025

  • MIL-OSI USA: Kennedy, Transportation Secretary Sean Duffy announce National Center of Excellence for LNG Safety in Lake Charles

    US Senate News:

    Source: United States Senator John Kennedy (Louisiana)
    WASHINGTON – Sen. John Kennedy (R-La.), a member of the Senate Appropriations Committee, and Secretary of Transportation Sean Duffy today announced that McNeese State University in Lake Charles, La. was selected as the site of the Pipeline and Hazardous Materials Safety Administration (PHMSA) National Center of Excellence for Liquefied Natural Gas (LNG) Safety.
    “In 2020, Congress passed the PIPES Act, which improved pipeline safety and infrastructure. As part of the bill, I added language that created the first-ever National Center of Excellence for LNG Safety, but I didn’t stop there. I made sure in that bill that the newly created Center was required to be in Louisiana. Today, President Trump and Transportation Secretary Duffy announced that the Center will be headquartered at McNeese State University in Lake Charles, and I thank them,” said Kennedy.
    “Producing and exporting LNG is one of the most powerful ways we can unleash American energy, and the Lake Charles region is a critical hub of LNG activity in the U.S. The sheer volume of product supplied by the state of Louisiana is unparalleled and growing, and there is no better place to locate our Center of Excellence,” said Duffy.
    The Protecting our Infrastructure of Pipelines and Enhancing Safety (PIPES) Act of 2020 required PHMSA to establish that the National Center of Excellence for LNG Safety improve the federal government’s LNG facility expertise, act as an information repository on best practices for LNG facilities and facilitate collaboration among LNG stakeholders.
    “The Center will advance LNG safety by promoting collaboration among government agencies, industry, academia, and other safety partners. Consolidating such remarkable levels of expertise will benefit the LNG sector for many generations to come,” said PHMSA Acting Administrator Ben Kochman.
    “The PHMSA National Center of Excellence for LNG Safety at McNeese will be a game-changer for our region in terms of workforce development and groundbreaking research. We are excited to be on the forefront of helping ensure safety and sustainability in the energy sector and look forward to working with PHMSA to develop a world-class facility to house their staff,” said Wade Rousse, President, McNeese State University. 
    Kennedy has long fought for the National Center of Excellence for LNG Safety and its presence in southwest Louisiana.
    In 2020, Kennedy inserted a provision to the PIPES Act requiring that the Center be in Louisiana. The PIPES Act, including Kennedy’s addition, became law as part of the Consolidated Appropriations Act of 2021.
    In May 2024, Kennedy questioned then-Secretary of Transportation Pete Buttigieg in the Senate Appropriations Subcommittee on Transportation, Housing and Urban Development and Related Agencies (THUD Appropriations). In response to Kennedy’s questioning, Buttigieg confirmed that the Center would be located in Lake Charles, La.
    During a May 2025 THUD Appropriations hearing, Kennedy questioned Secretary Duffy and confirmed that McNeese State University would be the site of the new Center. McNeese State University is the first undergraduate institution in the U.S. to offer a certificate program in LNG Business and is already the site of its own LNG Center of Excellence.
    PHMSA and other federal agencies, including the U.S. Coast Guard, Department of Energy and Federal Energy Regulatory Commission, have worked together to ensure the Center is focused on its mission of making the U.S. the leader in LNG operations. 
    Additional information about the National Center of Excellence for LNG Safety is available on PHMSA’s website.

    MIL OSI USA News –

    May 20, 2025

  • MIL-OSI USA: Cassidy Applauds Energy Department on Taking Next Step to Unleash American LNG

    US Senate News:

    Source: United States Senator for Louisiana Bill Cassidy
    WASHINGTON – U.S. Senator Bill Cassidy, M.D. (R-LA) issued the following statement after the U.S. Department of Energy (DOE) took a critical step toward unleashing American liquefied natural gas (LNG) exports that were halted under the Biden administration. With this action, DOE has completed the final hurdles left over from the Biden administration’s pause on LNG export permits, paving the way for the Trump administration to fully unleash American LNG exports. 
    “Democrats led a full-out assault on American energy during the Biden administration. We’re still fixing their mess,” said Dr. Cassidy. “It’s great to finally have an administration on the side of Louisiana energy workers.”
    Background
    In January, Cassidy released a statement applauding President Trump’s executive order to lift the Biden administration’s harmful pause on liquefied natural gas (LNG) export permitting. In March, Cassidy was joined by U.S. Senator John Kennedy (R-LA) in reiterating support for President Trump’s approach to American energy. 
    Last year, immediately following the Biden administration’s announcement that they would freeze pending applications for LNG export permits, Cassidy led 25 of his Republican colleagues in condemning the decision. Cassidy later delivered a speech on the U.S. Senate floor blasting the decision. In February 2024, Cassidy penned an op-ed with U.S. Senator John Cornyn (R-TX) in the Houston Chronicle underscoring the devastating economic, environmental, and national security impacts of the LNG export freeze.
    Cassidy also introduced the LNG Security Act to reverse President Biden’s LNG export ban and require DOE to approve LNG exports to all countries that have imported, currently import, or are capable of importing Russian or Iranian natural gas. Additionally, he introduced the Unlocking Domestic LNG Potential Act, which depoliticizes the export of American LNG. It eliminates the requirement for the DOE to authorize exports and instead gives the Federal Energy Regulatory Commission (FERC) sole authority over the approval process. 

    MIL OSI USA News –

    May 20, 2025

  • MIL-OSI: PrimeEnergy Reports Increased Production, Higher Revenue, and Strategic Share Repurchases in Q1 2025

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, May 19, 2025 (GLOBE NEWSWIRE) — PrimeEnergy Resources Corporation (NASDAQ: PNRG) today announced first quarter 2025 results, with continued growth in oil and gas production supporting a 16.4% increase in revenue year-over-year. While earnings per share declined compared to Q1 2024, the Company highlighted significant shareholder returns and operational momentum.

    Key Highlights – Q1 2025 vs Q1 2024
    • Revenue: $50.1 million ↑ 16.4%

    • Oil Production: 457,000 barrels ↑ 6.0%

    • Natural Gas Production: 2.39 Bcf ↑ 106.6%

    • NGL Production: 454,000 barrels ↑ 120.4%

    • Net Income: $9.1 million ↓ 19.3%

    • Diluted EPS: $3.72 ↓ 15.7%

    • Share Buyback 2025: 47,970 shares repurchased at a cost of $9.17 million

    Since initiating its share repurchase program, PrimeEnergy has returned a total of $112.6 million to shareholders through stock repurchases. As of May 19, 2025, the Company’s outstanding share count was 2,428,000, inclusive of vested options.

    Total assets were $339.3 million at quarter-end, up from $324.6 million as of December 31, 2024.

    “Our Q1 results reflect a continuation of strong operational momentum with significant growth in natural gas and NGL volumes,” said Beverly Cummings, CFO of PrimeEnergy. “We are also returning capital to shareholders through our buyback program, demonstrating confidence in our long-term value.”

    PrimeEnergy Resources is an independent oil and natural gas company engaged in the acquisition, development, and production of hydrocarbons, primarily in Texas. The Company’s common stock trades on the NASDAQ under the symbol PNRG.

    For investor inquiries, contact:

    Connie Ng – (713) 735-0000 ext. 6416

    Forward-Looking Statements
    This Report contains forward-looking statements that are based on management’s current expectations, estimates and projections. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes”, “projects” and “estimates,” and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, and are subject to the safe harbors created thereby. These statements are not guarantees of future performance and involve risks and uncertainties and are based on a number of assumptions that could ultimately prove inaccurate and, therefore, there can be no assurance that they will prove to be accurate. Actual results and outcomes may vary materially from what is expressed or forecast in such statements due to various risks and uncertainties. These risks and uncertainties include, among other things, the possibility of drilling cost overruns and technical difficulties, volatility of oil and gas prices, competition, risks inherent in the Company’s oil and gas operations, the inexact nature of interpretation of seismic and other geological and geophysical data, imprecision of reserve estimates, and the Company’s ability to replace and expand oil and gas reserves. Accordingly, stockholders and potential investors are cautioned that certain events or circumstances could cause actual results to differ materially from those projected.

    The MIL Network –

    May 20, 2025

  • MIL-OSI USA: Welch Speaks on Prescription Drug Pricing: “The bottom line is that President Trump issued an executive order that I support—my hope is that he’s going to follow through.”

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)
    WASHINGTON, D.C. – U.S. Senator Peter Welch (D-Vt.) tonight spoke on the Senate floor about how health care is at risk for millions, and challenged President Trump to join him and Senator Josh Hawley (R-Mo.) in working to lower prescription drug prices through concrete, durable legislation, such as the recently-introduced, bipartisan Fair Prescription Drug Prices for Americans Act:
    “The bottom line is that President Trump issued an executive order that I support—my hope is that he’s going to follow through, because we are going to need the leadership of the president of the United States, and the influence he has in Congress, to…make more progress on price negotiation. All for the goal of making lifesaving medications more accessible to folks on Medicare, folks on Medicaid, to folks who have private insurance, and also to bring down the cost for our employers,” said Senator Welch.
    Watch more here:
    ■■■
    Senator Welch’s Committee and Subcommittee Assignments for the 119th Congress include: 
    Senate Committee on Finance  
    Senate Committee on Agriculture, Nutrition, & Forestry
    Ranking Member, Subcommittee on Rural Development, Energy, and Credit  
    Senate Committee on the Judiciary
    Ranking Member, Subcommittee on the Constitution  
    Senate Committee on Rules & Administration
    Learn more about his work by visiting his website or by following him on social media.

    MIL OSI USA News –

    May 20, 2025

  • MIL-OSI USA: Murray, Kaptur Call for Energy Department to Reverse New, Expanded Caps on Indirect Research Costs

    US Senate News:

    Source: United States Senator for Washington State Patty Murray

    ICYMI: Murray, Kaptur call for reversal of arbitrary cap on DOE-funded research—a policy already blocked in federal court for university grants

    Washington, D.C. — Today, Senator Patty Murray (D-WA), Vice Chair of the Senate Appropriations Committee and Ranking Member of the Subcommittee on Energy and Water Development, and Congresswoman Marcy Kaptur (D-OH-09), Ranking Member of the House Appropriations Subcommittee on Energy and Water Development, sent a letter to Department of Energy (DOE) Secretary Chris Wright expressing deep concern about the Department’s recently announced caps on indirect costs for DOE research for a variety of recipients. The new caps, which follow the Department’s previously announced arbitrary cap on indirect costs for research at universities, will jeopardize critical research and innovation—and Murray and Kaptur call for the immediate reversal of the policy.

    “We write in response to the Department of Energy’s (DOE) decision to impose sweeping new caps on indirect cost rates across a wide spectrum of its funding recipients—including state and local governments, non-profit organizations, and for-profit partners,” write Murray and Kaptur. “Capping indirect cost rates far below their current values compounds the detrimental policy you have already announced cutting funding for university-led research, and these proposed cuts put energy innovation and economic development in communities across the country at serious risk.”

    The lawmakers note the policy will disproportionately hurt smaller research institutions: “Ultimately, this policy threatens to prevent smaller, under-resourced organizations from getting the support they need to conduct cutting-edge research, which will stifle innovation in regions that need investment the most.”

    “If left to stand, the consequences of these cuts will be severe: multi-sector collaboration will be chilled, community-led innovation efforts across the US will be disrupted, and thousands of jobs supporting energy and infrastructure will be at risk. This abrupt policy change will undercut the very institutions—state and local governments, non-profits, and research organizations—that drive energy innovation, workforce development, and clean energy solutions in local communities,” Murray and Kaptur write.

    They conclude by calling for an immediate reversal of the policies and demanding answers on how the Department determined the caps, whether it consulted with stakeholders, and whether it considered the economic consequences.

    The full letter is available HERE and below:

    The Honorable Christopher Wright
    Secretary of Energy
    U.S. Department of Energy
    1000 Independence Avenue, SW
    Washington, DC 20585

    Dear Secretary Wright,

    We write in response to the Department of Energy’s (DOE) decision to impose sweeping new caps on indirect cost rates across a wide spectrum of its funding recipients—including state and local governments, non-profit organizations, and for-profit partners. While direct costs support salaries, supplies, and equipment, indirect costs provide essential support for general operations and infrastructure. Capping indirect cost rates far below their current values compounds the detrimental policy you have already announced cutting funding for university-led research, and these proposed cuts put energy innovation and economic development in communities across the country at serious risk. Like so many actions your Department has already taken, these new cuts will also raise energy costs for American families and businesses.

    By imposing an arbitrary, inflexible cap of 10 or 15% on indirect costs—regardless of organizational type, mission, or financial structure—the Department is undermining the ability of its grantees and partners to deliver on DOE’s core priorities. Ultimately, this policy threatens to prevent smaller, under-resourced organizations from getting the support they need to conduct cutting-edge research, which will stifle innovation in regions that need investment the most. These indirect cost caps disregard the essential infrastructure required to administer safe, scalable, and high-impact projects.

    Local governments and non-profits, already stretched thin, now face arbitrary limitations that will squash efforts to fortify electricity grids to be robust to storms and other disruptions, initiatives to ensure all community members can access affordable and reliable energy, and emerging technology deployment at the local level.

    If left to stand, the consequences of these cuts will be severe: multi-sector collaboration will be chilled, community-led innovation efforts across the US will be disrupted, and thousands of jobs supporting energy and infrastructure will be at risk. This abrupt policy change will undercut the very institutions—state and local governments, non-profits, and research organizations—that drive energy innovation, workforce development, and clean energy solutions in local communities. America’s energy future must be built on strong partnerships—not policies that penalize those on the front lines of progress.

    These abrupt changes have been announced without the transparency you have promised, without public engagement, and without any meaningful justification. Worse, they appear to ignore the diverse cost structures and compliance burdens that entities must absorb to responsibly manage federal funds. These are not “wasteful” administrative expenses—they are essential costs of conducting federally sponsored research that benefits the American people.

    We reiterate our call to immediately reverse these harmful caps, urge you to engage stakeholders and experts in crafting any future reforms, and request written responses to the following questions by no later than May 30:

    1. What will happen to existing (conditional and nonconditional) awards if they do not meet the new terms and conditions in this policy?
    2. What data and models did DOE use to conclude that a uniform 10 or 15% cap would be sufficient and sustainable across such varied institutional types (e.g., local governments, non-profits, for-profits)? Will DOE release this analysis publicly?
    3. How does DOE justify this cap given that many organizations and governments currently operate with indirect cost rates significantly higher than the new proposed cap?
    4. How does DOE reconcile these cost caps with existing negotiated indirect cost rates under OMB Circulars and 2 CFR 200, particularly where they exceed the new ceilings?
    5. What outreach or consultation—if any—did DOE undertake with non-profit, municipal, or private-sector stakeholders prior to issuing these policy changes?
    6. What specific exemptions, waivers, or appeal mechanisms will DOE make available for awards where capped indirect costs would result in program delays, layoffs, or funding shortfalls?
    7. Has DOE assessed the potential regional economic and workforce consequences of capping indirect costs on state, local, and non-profit implementation partners? If so, will DOE release that analysis publicly?

    We look forward to your responses and attention to this critical issue.

    Sincerely,  

    MIL OSI USA News –

    May 20, 2025

  • MIL-OSI USA: PRESS RELEASE: Rep. Barragán Joins Discharge Petition to Prevent Republican Cuts to Medicaid and Food Assistance

    Source: United States House of Representatives – Representative Nanette Diaz Barragán (CA-44)

    FOR IMMEDIATE RELEASE
    May 8, 2025

    Contact: Jin.Choi@mail.house.gov

    WASHINGTON, DC – On Tuesday, Congresswoman Nanette Barragán (CA-44) signed a discharge petition to force consideration of a special rule to prevent the largest cuts to Medicaid and food assistance in American history — just so Donald Trump and Republicans can pay for massive tax giveaways to their billionaire donors. The petition is led by Congressman Brendan F. Boyle (PA-02), Ranking Member of the House Budget Committee. The petition is now open for signature by any Member of the House who is committed to protecting access to Medicaid and SNAP for millions of Americans.

    Under House rules, once a discharge petition receives 218 signatures, it triggers a vote on the House Floor. Ranking Member Boyle’s petition would trigger a special rule that includes the text of his Hands Off Medicaid and SNAP Act—amending the Congressional Budget Act to protect Medicaid and SNAP from any reduction in coverage or benefits in the reconciliation process.  

    “This is the chance for House Republicans to do the right thing and prove that they do indeed work for the American people,” said Rep. Barragán. “Donald Trump and House Republicans’ budget would cut healthcare and food assistance for the hardworking families who struggle more than ever to put food on the table and secure the care that they deserve. House Democrats will fight and take every possible path of action to prevent this budget from passing, because we believe that working- and middle-class families having access to essential benefits is far more important than funding tax breaks for Republicans’ billionaire donors.” 

    “Instead of working to lower the high cost of living, Donald Trump and Rubber Stamp House Republicans are advancing their deeply unpopular budget scheme to give tax breaks to their billionaire donors like Elon Musk while sticking everyday Americans with the bill,” said Democratic Leader Hakeem Jeffries. “They are planning to enact the largest cut to Medicaid and food assistance in American history, but House Democrats will continue pushing back with the fierce urgency of now. If House Republicans are telling the truth that they do not support taking food out of the mouths of children and slashing healthcare, our bill does just that.”

    “The Republican budget includes the largest cuts to Medicaid and SNAP in our nation’s history—cuts that would jeopardize health care and food assistance for millions of Americans,” said Budget Committee Ranking Member Boyle. “This discharge petition is an opportunity for every Member of Congress to show where they stand. We intend to gather 218 signatures from both parties, and I sincerely hope my colleagues across the aisle will join us. If they truly believe in protecting these essential benefits, this is their chance to prove it.”

    “Republicans have repeatedly claimed they’re not going to take away people’s health care by cutting Medicaid,” said Energy and Commerce Committee Ranking Member Pallone, Jr. “If they’re telling the truth, Republicans should join Democrats in signing this discharge petition to bring our bill to the House floor to ensure Medicaid will not be cut to pass tax breaks that help the rich get richer.”

    “Slashing $230 billion from SNAP will take food assistance away from children, seniors and veterans,” said Agriculture Committee Ranking Member Craig. “Supporting the Hands Off Medicaid and SNAP discharge petition is a way to protect their access to food and health care at a time when all Americans are struggling with rising costs.”

    “House Democrats oppose taking food and health care from working people to pay for tax cuts for billionaires,” said Congressional Progressive Caucus Chair Casar. “Now the question is: will any House Republican join us, or will they all support taking health care and food from millions of Americans?”

    “Signing this discharge petition should be as easy as saying you support Medicaid and SNAP, but so far not one Republican is willing to put health care and food assistance for millions of people above tax cuts for billionaires,” said New Democrat Coalition Chair Schneider. “If our colleagues across the aisle truly support hardworking families over President Trump’s billionaire buddies, they’ll join us in signing this petition.” 

    “In my district alone, nearly 80,000 residents rely on SNAP and food assistance programs to keep their families fed. Under this budget plan, they would be left behind. And the 34,000 CA-46 residents who receive Affordable Care Act coverage would see their premiums go up by over $2,000 every year. That is unacceptable, unconscionable, and un-American,” said Blue Dog Coalition Co-Chair for Policy and Legislative Strategy Lou Correa. “We’re introducing this discharge petition to block these harmful cuts and ensure that tens of millions of our constituents continue to receive the health care and food assistance they need and deserve. And we hope our colleagues across the aisle will join us in signing it.”

    The Hands Off Medicaid and SNAP Act is led in the House by Representatives Brendan F. Boyle (PA-02), Ranking Member of the House Budget Committee; Frank Pallone, Jr. (NJ-06), Ranking Member of the Energy and Commerce Committee; Angie Craig (MN-02), Ranking Member of the Agriculture Committee; Greg Casar (TX-35), Chair of the Congressional Progressive Caucus; Brad Schneider (IL-10), Chair of the New Democrat Coalition; and Lou Correa (CA-46), Blue Dog Coalition Co-Chair for Policy and Legislative Strategy.

    More information about the Hands Off Medicaid and SNAP Act is available here.

    ###

    MIL OSI USA News –

    May 20, 2025
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