Category: Energy

  • MIL-OSI: Enlight to Report First Quarter 2025 Financial Results on Tuesday, May 6, 2025

    Source: GlobeNewswire (MIL-OSI)

    TEL AVIV, Israel, April 17, 2025 (GLOBE NEWSWIRE) — Enlight Renewable Energy (“Enlight”, “the Company”, NASDAQ: ENLT, TASE: ENLT.TA), a leading renewable energy platform, today announced it will release its financial results for the first quarter ended March 31, 2025, before market open on Tuesday, May 6, 2025.

    Conference Call Information

    Enlight will host a conference call to review its financial results and business outlook at 8:00 AM ET on Tuesday, May 6, 2025. Management will deliver prepared remarks followed by a question-and-answer session. Participants may join by conference call or webcast:

    Conference Call

    Please pre-register to join the live conference call:
    https://register-conf.media-server.com/register/BI2f3b7998abd744a590906d1adabe0ad1
    Upon registering, you will be emailed a dial-in number, direct passcode and unique PIN.

    Webcast

    Please register and join the live webcast: https://edge.media-server.com/mmc/p/z2k323sj

    The press release with the financial results as well as the investor presentation materials will be accessible on the Company’s website prior to the conference call. Approximately one hour after completion of the live call, an archived version of the webcast will be available on the Company’s investor relations website at https://enlightenergy.co.il/events/

    About Enlight

    Founded in 2008, Enlight develops, finances, constructs, owns, and operates utility-scale renewable energy projects. Enlight operates across the three largest renewable segments today: solar, wind and energy storage. A global platform, Enlight operates in the United States, Israel and 10 European countries. Enlight has been traded on the Tel Aviv Stock Exchange since 2010 (TASE: ENLT) and completed its U.S. IPO (Nasdaq: ENLT) in 2023. Learn more at www.enlightenergy.co.il.

    Investor Contact

    Yonah Weisz
    Director IR
    investors@enlightenergy.co.il

    Erica Mannion or Mike Funari
    Sapphire Investor Relations, LLC
    +1 617 542 6180
    investors@enlightenergy.co.il

    Cautionary Note Regarding Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements as contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release other than statements of historical fact, including, without limitation, statements regarding the Company’s expectations relating to the Project, the PPA and the related interconnection agreement and lease option, and the completion timeline for the Project, are forward-looking statements. The words “may,” “might,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “target,” “seek,” “believe,” “estimate,” “predict,” “potential,” “continue,” “contemplate,” “possible,” “forecasts,” “aims” or the negative of these terms and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the following: our ability to site suitable land for, and otherwise source, renewable energy projects and to successfully develop and convert them into Operational Projects; availability of, and access to, interconnection facilities and transmission systems; our ability to obtain and maintain governmental and other regulatory approvals and permits, including environmental approvals and permits; construction delays, operational delays and supply chain disruptions leading to increased cost of materials required for the construction of our projects, as well as cost overruns and delays related to disputes with contractors; our suppliers’ ability and willingness to perform both existing and future obligations; competition from traditional and renewable energy companies in developing renewable energy projects; potential slowed demand for renewable energy projects and our ability to enter into new offtake contracts on acceptable terms and prices as current offtake contracts expire; offtakers’ ability to terminate contracts or seek other remedies resulting from failure of our projects to meet development, operational or performance benchmarks; various technical and operational challenges leading to unplanned outages, reduced output, interconnection or termination issues; the dependence of our production and revenue on suitable meteorological and environmental conditions, and our ability to accurately predict such conditions; our ability to enforce warranties provided by our counterparties in the event that our projects do not perform as expected; government curtailment, energy price caps and other government actions that restrict or reduce the profitability of renewable energy production; electricity price volatility, unusual weather conditions (including the effects of climate change, could adversely affect wind and solar conditions), catastrophic weather-related or other damage to facilities, unscheduled generation outages, maintenance or repairs, unanticipated changes to availability due to higher demand, shortages, transportation problems or other developments, environmental incidents, or electric transmission system constraints and the possibility that we may not have adequate insurance to cover losses as a result of such hazards; our dependence on certain operational projects for a substantial portion of our cash flows; our ability to continue to grow our portfolio of projects through successful acquisitions; changes and advances in technology that impair or eliminate the competitive advantage of our projects or upsets the expectations underlying investments in our technologies; our ability to effectively anticipate and manage cost inflation, interest rate risk, currency exchange fluctuations and other macroeconomic conditions that impact our business; our ability to retain and attract key personnel; our ability to manage legal and regulatory compliance and litigation risk across our global corporate structure; our ability to protect our business from, and manage the impact of, cyber-attacks, disruptions and security incidents, as well as acts of terrorism or war; the potential impact of the current conflicts in Israel on our operations and financial condition and Company actions designed to mitigate such impact; changes to existing renewable energy industry policies and regulations that present technical, regulatory and economic barriers to renewable energy projects; the reduction, elimination or expiration of government incentives for, or regulations mandating the use of, renewable energy; our ability to effectively manage our supply chain and comply with applicable regulations with respect to international trade relations, tariffs, sanctions, export controls and anti-bribery and anti-corruption laws; our ability to effectively comply with Environmental Health and Safety and other laws and regulations and receive and maintain all necessary licenses, permits and authorizations; our performance of various obligations under the terms of our indebtedness (and the indebtedness of our subsidiaries that we guarantee) and our ability to continue to secure project financing on attractive terms for our projects; limitations on our management rights and operational flexibility due to our use of tax equity arrangements; potential claims and disagreements with partners, investors and other counterparties that could reduce our right to cash flows generated by our projects; our ability to comply with tax laws of various jurisdictions in which we currently operate as well as the tax laws in jurisdictions in which we intend to operate in the future; the unknown effect of the dual listing of our ordinary shares on the price of our ordinary shares; various risks related to our incorporation and location in Israel; the costs and requirements of being a public company, including the diversion of management’s attention with respect to such requirements; certain provisions in our Articles of Association and certain applicable regulations that may delay or prevent a change of control; and other risk factors set forth in the section titled “Risk factors” in our Annual Report on Form 20-F for the fiscal year ended December 31, 2023, filed with the Securities and Exchange Commission (the “SEC”) and our other documents filed with or furnished to the SEC.

    These statements reflect management’s current expectations regarding future events and speak only as of the date of this press release. You should not put undue reliance on any forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as may be required by applicable law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

    The MIL Network

  • MIL-OSI: Equinor (OSE: EQNR, NYSE: EQNR) suspends offshore construction activities for the Empire Wind project

    Source: GlobeNewswire (MIL-OSI)

    In accordance with a halt work order issued by the US government, Empire Offshore Wind LLC (Empire) will safely halt the offshore construction in waters of the outer continental shelf for the Empire Wind project.

    On 16 April, Empire received notice from the Bureau of Ocean Energy Management (BOEM), ordering Empire to halt all activities on the outer continental shelf until BOEM has completed its review.

    Empire is engaging with relevant authorities to clarify this matter and is considering its legal remedies, including appealing the order.

    The federal lease for Empire Wind was signed with the US Administration in 2017. Empire Wind 1 has validly secured all necessary federal and state permits and is currently under construction. The project is being developed under contract with New York State Energy Research and Development Authority (NYSERDA) to provide an important new source of electricity for the State of New York. The construction phase has put more than 1,500 people to work in the US. Empire wind 1 has the potential to power 500,000 New York homes.

    Empire is complying with the order affecting project activities for Empire Wind. Upon receipt of the order, immediate steps were taken by Empire and its contractors to initiate suspension of relevant marine activities, ensuring the safety of workers and the environment.

    Empire Wind has per 31 March 2025 a gross book value of around USD 2.5 billion, including South Brooklyn Marine Terminal.

    Equinor’s ownership to Empire is held through the Equinor Wind US LLC.

    Total amount drawn under the project finance term loan facility per 31 March 2025 was around USD 1.5 billion. Empire is in the process of ascertaining the impact on the project and project financing. Equinor US Holdings Inc has provided guarantees for the equity commitment in the project financing. In a full stop scenario, the USD 1.5 billion will be repaid from the equity commitment to the project finance lenders and Empire Offshore Wind LLC will be exposed to termination fees towards its suppliers.

    The halt work order will be disclosed as a subsequent event in the first quarter 2025 report.

    Equinor is a broad energy company with more than 35 years of history in the US. Equinor has invested more than 60 billion USD in the US to date, including in oil, gas and renewables.

    Contact persons:

    Investor relations:
    Bård Glad Pedersen, Senior vice president Investor Relations,
    +47 918 01 791

    Media relations:
    Sissel Rinde, Vice president Media Relations,
    +47 412 60 584

    This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act

    The MIL Network

  • MIL-OSI Africa: Congo Energy & Investment Forum Returns to Brazzaville in March 2026

    Source: Africa Press Organisation – English (2) – Report:

    BRAZZAVILLE, Republic of the Congo, April 17, 2025/APO Group/ —

    The Republic of Congo will host the second edition of the Congo Energy & Investment Forum (CEIF) from March 10-12, 2026. As the country gears up for a significant increase in its oil output over the next three years and plans to strengthen its position in the natural gas sector, CEIF – under the theme Invest. Build. Empower: Transforming Congo’s Energy Landscape – underscores Congo’s growing role in the global energy landscape.

    The 2025-2026 period promises to be an exciting time for Congo’s energy sector. Set to begin operations by December 2025, Phase 2 of the Congo LNG project will enable energy major Eni to increase gas production from 0.6 million tons per annum (mtpa) to 3 mtpa. Meanwhile, the Fouta refinery construction project is expected to start up by the end of the year and is set to produce 2.5 million tons of petroleum products per year – including diesel and gasoline – upon commissioning. These developments highlight the commitment of major operators to position Congo as a global oil and gas producer, with upcoming regulation and investments further supporting this goal.

    In the gas sector, the country is targeting 3 million tons of LNG per year by this year from Eni’s Marine XII development – featuring the Congo LNG project. This target comes on the heels of Congo’s February 2024 milestone where the country exported its first LNG cargo from the Tango FLNG facility. The Republic of Congo boasts over 10 trillion cubic feet of proven natural gas resources and is set to unveil its Gas Master Plan, launch a National Gas Company and release a new Gas Code this year.

    Driven by a series of landmark projects spearheaded by industry giants including TotalEnergies, Trident Energy and Perenco, Congo aims to nearly double oil output from the current 280,000 barrels per day (bpd) to 500,000 bpd by 2027. With aims to harness untapped reserves and maximize the potential of existing assets, this strategy will focus on expanding production in both new and mature fields. To support this goal, the country is set to launch a new international oil and gas licensing round this year. This initiative is expected to usher in a new wave of investment in sub-Saharan Africa’s third-largest oil producing market. The licensing round is designed to attract international oil companies with technical expertise and financial capacity to develop deepwater resources, as well as local and independent companies to exploit marginal fields.

    At CEIF 2025, Congo unveiled plans to double its power generation capacity to 1,500 MW by 2030, with a strong focus on renewable energy projects. The country holds an estimated hydropower potential of 27,000 MW, though only 1% of this resource has been developed. As such, the government has identified several key projects, including water diversion and storage techniques, to maximize hydropower output.

    Through a series of dedicated panel sessions, technical workshops and presentations at CEIF 2026, the event will provide an in-depth look at Congo’s investment landscape. The conference will highlight crucial developments across the country’s energy sector as well as the broader strategic importance of Congo’s energy ambitions.

    “CEIF 2026 serves as a vital platform to showcase Congo’s dynamic energy transformation. As the country scales up oil and gas production and prioritizes renewables, the conference fosters meaningful dialogue, attracts investment and strengthens partnerships essential to unlocking the full potential of Congo’s evolving energy and investment landscape,” states Sandra Jeque, Events and Project Director at Energy Capital & Power.

    Supported by the Ministry of Hydrocarbons and national oil company Société nationale des pétroles du Congo, CEIF 2026 will bring together local, regional and international delegates to explore new partnership opportunities across the energy and investments sectors. This highly anticipated event builds on the success of the inaugural edition, which convened government officials, top investors, IOCs, NOCs, independents and industry experts who shared vital insights into Congo’s oil, gas and energy landscape – paving the way for expanded collaboration and professional networking in 2026.

    For more information and to register your interest for CEIF 2026, please visit www.CongoEnergyInvestment.com

    MIL OSI Africa

  • MIL-OSI: UPDATE – ZA Miner Launches Free Cloud Mining Platform, Helping Users Earn Passive Income While Empowering Bitcoin and Dogecoin Enthusiasts in 2025

    Source: GlobeNewswire (MIL-OSI)

    Generate passive income through Zaminer’s cloud mining service.

    MIDDLESEX, United Kingdom, April 17, 2025 (GLOBE NEWSWIRE) — ZA Miner, a leading cloud mining provider, is excited to announce the launch of its free cloud mining platform, enabling Bitcoin (BTC) and Dogecoin (DOGE) enthusiasts worldwide to participate in crypto mining without any upfront investment or the need for expensive hardware.

    Innovating Cloud Mining for Global Access

    In response to the growing interest in cryptocurrency, ZA Miner is dedicated to making mining more inclusive. Unlike traditional methods that require costly equipment, ZA Miner’s cloud-based platform allows users to mine Bitcoin, Dogecoin, and Litecoin (LTC) effortlessly, without the need for hardware or high electricity costs. This model aligns with global pro-crypto policies and addresses the demand for accessible mining opportunities.

    Why Choose ZA Miner’s Free Cloud Mining Platform?

    ZA Miner operates from Middlesex, UK, leveraging energy-efficient mining facilities in regions like Kazakhstan and Iceland. These strategic locations optimize mining efficiency and sustainability, allowing the company to deliver a low-cost, high-output service to its users.

    By offering a risk-free mining experience, ZA Miner eliminates the technical barriers typically associated with crypto mining. New users are provided with a $100 free mining contract, enabling them to explore cloud mining without any financial commitment. For those looking to enhance their mining experience, ZA Miner also offers flexible contract options tailored to various investment goals.

    Flexible mining contracts from ZA Miner cater to all experience levels.

    Key Features of ZA Miner’s Cloud Mining Platform:

    • Free Mining Package – New users receive a $100 bonus to start mining immediately.
    • No Hardware Needed – Mine Bitcoin, Dogecoin, and Litecoin with no expensive equipment.
    • Daily Payouts – Earn consistent passive income with automatic distributions.
    • No Electricity Costs – Cloud infrastructure removes the need for costly electricity.
    • UK-Based & Compliant – Fully regulated to ensure credibility and security.
    • Robust Security – SSL encryption and DDoS protection safeguard user data and transactions.
    • Affiliate Program – Earn commissions by referring new users to the platform.

    Getting Started with ZA Miner

    • Sign Up – Register with an email address.
    • Claim Free Contract – Start mining with the $100 free contract.
    • Upgrade to Premium – Choose from various plans for higher earnings.

    As cryptocurrency adoption accelerates, ZA Miner is redefining access to cloud mining. By offering a risk-free entry point and competitive contracts, ZA Miner is empowering individuals to engage in the digital economy with ease and confidence.

    For more information, visit www.zaminer.com or follow ZA Miner on Twitter @zamining and YouTube @Zaminers.

    Media Contact:
    SHEIKH, Anisah Fatema
    ZA FUNDINGS LTD
    info@zaminer.com
    https://www.zaminer.com/

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/3738e78d-c1a7-41c7-b8c4-7b7c6f10edfe

    https://www.globenewswire.com/NewsRoom/AttachmentNg/9fba6dee-4df6-44b7-9b1f-9a3c87ce8a84

    The MIL Network

  • MIL-OSI USA: Senator Lee Returns from Congressional Delegation to Denmark, Estonia, and Finland

    US Senate News:

    Source: United States Senator for Utah Mike Lee

    Senator Lee and Senator R. Scott following their meeting with Jonatan Vseviov,
    Secretary General of the Ministry of Foreign Affairs in Estonia 
    WASHINGTON – Senator Mike Lee recently returned from a congressional delegation to Denmark, Estonia, and Finland with Senator Rick Scott (R-FL). They met with senior government officials to discuss shared military and national security priorities. As a member of the Senate Foreign Relations Committee, and as Chairman of the Subcommittee on Multilateral International Development, Multilateral Institutions, and International Economic, Energy, and Environmental Policy, Senator Lee shares the Trump Administration’s goal of peace through strength.
    Of the trip, Senator Mike Lee said:
    “I enjoyed the opportunity to visit Denmark, Estonia, and Finland with my friend, Senator Rick Scott. Our meetings with government, military, and shipbuilding industry leaders, including Ministers of Defense, Ministers of Foreign Affairs, and legislators were productive. I walk away from this trip with a deeper understanding of the issues facing the region, as well as the regulatory burdens shipbuilders face. While abroad, I also had the distinct privilege to meet with U.S. service members, including one Utahn, at Tapa Army Base in Estonia, to discuss the Baltic region.
    The nations I visited are United States allies who have made good on their commitments and have a shared focus on enhancing regional partnerships for shipbuilding and national security. It was an honor to represent Utah overseas, and upon returning home, it is clear to me that the United States is once again respected on the world stage.”

    Senator Lee meets with U.S. service members
    at Tapa Army Base in Estonia 

    MIL OSI USA News

  • MIL-OSI USA: U.S. natural gas production remained flat in 2024

    Source: US Energy Information Administration

    In-brief analysis

    April 17, 2025


    U.S. marketed natural gas production remained relatively flat in 2024, growing by less than 0.4 billion cubic feet per day (Bcf/d) compared with 2023 to average 113 Bcf/d, according to our latest Natural Gas Monthly. Production growth in the Permian was offset by declining production in the Haynesville and relatively flat production in Appalachia.

    EIA’s Short-Term Energy Outlook breaks out U.S. Lower 48 (L48) marketed natural gas production data for the Appalachia, Bakken, Eagle Ford, Haynesville, and Permian regions and also includes Alaska and Gulf of America production data. The Appalachia, Permian, and Haynesville regions produce the most, accounting for around two-thirds of total U.S. natural gas production combined.

    Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, April 2025
    Note: GOA=Gulf of America, AK=Alaska; L48=Lower 48 U.S. states

    In 2024, more natural gas was produced in the Appalachia region of the Northeast than in any other U.S. region, accounting for 31%, or 35.6 Bcf/d, of marketed natural gas production. Production growth in the Appalachia region has been slowing in recent years because of limited pipeline takeaway capacity to transport natural gas to demand markets. In 2024, Appalachian production rose slightly by 0.1% (0.50 million cubic feet per day) and in 2023 Appalachian production grew by 0.9 Bcf/d. Historically low Henry Hub prices contributed to the muted growth in Appalachia in 2024. The Henry Hub spot price averaged $2.21 per million British thermal units (MMBtu) in 2024, the lowest average annual Henry Hub price ever reported and 16% lower than the 2023 annual average.

    The Permian region in Texas and New Mexico accounted for 22% of the marketed natural gas production in the United States in 2024 and accounted for almost all the growth in U.S. production. In 2024, marketed natural gas production in the Permian rose by 12%, or 2.7 Bcf/d, to average 25.4 Bcf/d.

    In the Permian region, growth in natural gas production is primarily the result of associated gas produced during oil production. West Texas Intermediate (WTI) crude oil prices averaged $77/b in 2024, high enough to support oil-directed drilling in the Permian region. The average breakeven price for new wells ranged between $62 per barrel (b) and $64/b in the Permian Midland Basin and the Permian Delaware Basin, two of the largest basins in the Permian, according to data from a Dallas Fed Energy survey.

    In 2024, production in the Haynesville region, which spans Louisiana and Texas, averaged 14.6 Bcf/d, 11% less than the 2023 annual average. Natural gas production in the Haynesville declined last year as producers decreased drilling activity because of historically low natural gas prices. Producers averaged 37 active rigs per month in the Haynesville in 2024, compared with 57 active rigs in 2023. The higher relative cost to produce natural gas in the Haynesville region played a role in reducing rig activity and in the decline in average annual production in 2024 compared with 2023.

    Natural gas production costs depend on many factors, including the cost of drilling wells. The Haynesville formation is between 10,500 feet to 13,500 feet deep, which is much deeper than other formations. By comparison, wells in the Marcellus in the Appalachia region are on average 4,000 feet to 8,500 feet deep. Because drilling deeper wells in the Haynesville is more expensive than drilling wells in the Marcellus and other shale plays, natural gas prices have to be relatively higher to make drilling economical.

    Principal contributor: Naser Ameen

    MIL OSI USA News

  • MIL-OSI Global: Appliance efficiency standards save consumers billions, reduce pollution and fight climate change

    Source: The Conversation – USA – By David J. Vogel, Professor Emeritus of Business Ethics and Political Science, University of California, Berkeley

    Refrigerators were the target of the very first energy efficiency standards for appliances, back in 1974. Justin Sullivan/Getty Images

    President Donald Trump has said he wants to reverse decades of regulations about energy efficiency in American household appliances, claiming doing so will provide Americans with “freedom to choose” products that meet their needs.

    In an April 9, 2025, statement, Trump claimed he could alter government regulations on his own, without the legally required process of public notice and comment.

    But as a scholar of environmental regulations, I know those regulations were created to save energy and lower utility bills for consumers. I also know that many companies and consumers have supported federal regulation to strengthen energy efficiency standards and generally have opposed weakening them.

    The first government-set energy efficiency standards for appliances were issued by California in 1974. They were initially for refrigerators, the household appliance that used the most energy. Subsequently, several other household appliances were added. During the next decade, more states issued standards, as saving energy would help avoid the costs of constructing new power plants.

    The proliferation of state standards led the federal government to prohibit states from issuing appliance efficiency standards once the federal government had done so. The first federal standards, in 1987, applied to 13 household products, including refrigerators.

    Since then, the federal government has created standards for additional products and tightened existing ones. Those changes have progressively made home appliances and business and industrial equipment more efficient, saving consumers billions of dollars, decreasing air pollution from power plants and reducing carbon dioxide emissions that contribute to climate change.

    Electric meters like these at a Mississippi apartment complex keep track of how much – or how little – electricity residents use.
    AP Photo/Rogelio V. Solis

    Broad application

    Federal data indicates that 40% of total U.S. energy consumption – and 28% of U.S. carbon dioxide emissions – is attributable to household and industrial appliances, such as heating and cooling systems, refrigerators, lighting and various kinds of equipment, such as computers, printers and electric motors.

    At present, the U.S. Department of Energy’s Appliance and Equipment Standards Program covers more than 70 products that the government estimates consume about 90% of energy used in homes, 70% of energy in commercial buildings and 30% of energy used in industry. The government estimates the standards saved American consumers $105 billion just in 2024 – with a typical household saving about $576 over the expenses if there were no efficiency standards.

    Appliance energy efficiency standards now in place are cumulatively expected by the Department of Energy to reduce U.S. greenhouse gas emissions by approximately 2 billion metric tons over 30 years. That’s as much carbon dioxide as 15 million gas-powered cars would emit in that same period.

    Many federal standards, including on light bulbs, electric motors and commercial heating and cooling equipment, have been based on those previously adopted by one or more states. Federal law permits states to issue standards for products that the federal government has not yet regulated: As of 2024, 18 states had set efficiency rules for a total of 22 types of appliances, including computers and televisions.

    Additional benefits

    These appliance standards have reduced American energy use, including electricity. The existing national standards are projected to reduce overall national energy consumption by 10% between 2025 and 2035.

    Those standards also improve public health, because there is less need to build new fossil-fuel power plants or operate existing ones. As a result, power generators have been able to reduce their emissions of dangerous pollutants such as nitrogen oxides, sulfur dioxide and mercury.

    Energy efficiency standards reduce the need for fossil fuel-powered electric plants, like this one in Ohio.
    Jim West/UCG/Universal Images Group via Getty Images

    A popular policy

    Making appliances more energy efficient has proved popular. A national survey released by the Consumer Federation of America in 2018 found that 71% of Americans “support the idea that the government should set and update energy efficiency standards for appliances.” Significantly, 72% of those surveyed named lowering electrical bills and 57% stated that avoiding construction of new power plants to keep electricity rates from rising were important reasons to increase appliance efficiency.

    Support remains strong: A June 2024 YouGov poll found that 60% of Americans support tougher appliance efficiency standards.

    From 1987 through 2007, more than three-quarters of national appliance energy efficiency standards were passed into law by Congress, with the rest created by administrative processes under existing laws. These legal standards received bipartisan support and were signed into law by Republican Presidents Ronald Reagan, George H.W. Bush and George W. Bush.

    But more recently, partisanship has affected the setting of standards. Since 2008, whether standards improve or remain unchanged has depended on whether Democrats or Republicans occupied the White House.

    Political back-and-forth

    The Obama administration enacted among the most ambitious energy efficiency standards for appliances and equipment to date. New standards for commercial air conditioners and furnaces affected heating and cooling equipment for half of the square footage used by the nation’s businesses. The rules were projected to reduce energy costs to businesses by $167 billion over the life of the regulated products.

    But during the first Trump administration, improvements in existing standards came to a halt.

    When Joe Biden became president, his administration resumed issuing new standards, most notably phasing out incandescent light bulbs. The Biden administration also issued new standards for furnaces, residential water heaters, stoves, washing machines and refigerators.

    Electric induction stoves, like this one, are more energy efficient than gas stoves.
    Hans Gutknecht/MediaNews Group/Los Angeles Daily News via Getty Images

    Controversy continues

    A new Biden rule for electric motors, which are widely used in manufacturing and processing equipment, incorporated recommendations from businesses and advocacy organizations. The rule was slated to take effect in 2028 and was expected to save businesses and consumers up to $8.8 billion over a 30-year period.

    But the Trump administration has withdrawn this standard, along with others issued by the Biden administration, including for ceiling fans, dehumidifers and external power supplies. The administration has postponed the effective dates of other standards that had been finalized before Trump took office. The administration said the reversals would “slash unnecessary red tape and regulations that raise prices, reduce consumer choice, and frustrate the American people.”

    Another set of politically controversial standards Biden introduced sought to encourage consumers to switch from stoves, furnaces and water heaters that use natural gas or propane to electric ones. The electric versions of those appliances are more energy efficient, while gas cooking emits toxic chemicals into the home. Switching can be expensive, and many consumers prefer gas-powered appliances, as of course does the natural gas industry, which has opposed these federal efforts.

    And in early April 2025, Republicans in Congress used their legislative authority to overturn the regulations for natural gas water heaters. But most of the federal standards – and all of the state ones – remain in effect, at least for now.

    David J. Vogel does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. Appliance efficiency standards save consumers billions, reduce pollution and fight climate change – https://theconversation.com/appliance-efficiency-standards-save-consumers-billions-reduce-pollution-and-fight-climate-change-253673

    MIL OSI – Global Reports

  • MIL-OSI: SUNation Energy Issues Letter to Shareholders in Conjunction With Filing of Form 10-K

    Source: GlobeNewswire (MIL-OSI)

    RONKONKOMA, N.Y., April 17, 2025 (GLOBE NEWSWIRE) — SUNation Energy, Inc. (Nasdaq: SUNE) (“SUNation” or the “Company”), a leading provider of sustainable solar energy and backup power to households, businesses, municipalities, and for servicing existing systems, today issued a Letter to Shareholders from CEO Scott Maskin in connection with the filing of the Company’s Form 10-K for the year ended December 31, 2024 (“FY 2024”) on April 15, 2025. A copy of the Company’s Form 10-K is available at www.sec.gov.

    Dear Fellow Shareholder:

    I am writing to you with a renewed sense of optimism for SUNation’s future, tremendous pride in the dedication and hard work of our team, and appreciation for the continuing faith of our residential and commercial customers in our ability to provide an outstanding end-to-end solar experience. Over the last several quarters, we have made it a priority to address a variety of legacy financial, operational, and governance issues that impeded our growth potential, which included recruiting a new leadership team and a refreshed Board of Directors with relevant industry, capital markets, and public company experience.

    This journey has not been easy, but nothing worth doing ever is. Many of these decisions were among the most difficult of my career, with a significant impact to our people and our investors; they were, however, necessary. While we still have work to do, we believe that we have positioned the Company to resume growth and thrive in the years ahead.

    Our results for 2024 reflect both the encouraging and unpredictable aspects of our industry, as well as the specific issues that affected our operations. The last two years have been some of the most challenging in our space, and some companies – many larger than us – have not survived. While being a smaller company can make us more vulnerable to the effects of macro conditions, it also provides us with a significant advantage – specifically, the ability to act quickly and with resolve.

    As we look ahead to 2025, we see a significant opportunity to pursue a myriad of commercial and residential opportunities in our core markets and surrounding regions, consider strategic acquisition opportunities, and fortify our operations to support a pivot to sustainable growth and profitability. For full year 2024 results, and other recent developments, please review our annual report on Form 10-K, which we filed on April 15, 2025, and can be found at www.sec.gov, free of charge.

    2024 Performance Overview and Recent Events

    Full Year 2024

    • Total sales of $56.9 million declined as expected from last year’s sales of $79.6 million driven by a decrease in residential and commercial solar projects, as well as lower service revenue. However, sales increased on a consecutive basis for each quarter of 2024 with Q4 2024 sales of $15.4 million up 9.3% from Q1 2024 sales of $13.2 million.  
    • Over 50% of our installed jobs in 2023 and 2024 came from referrals or repeat customers, a rate that ranks among the best in our industry. This also helped drive down year-over-year customer acquisition costs by approximately 8%.
    • Gross margin for 2024 improved to 35.9% from 34.8%, reflecting tighter controls over direct costs.
    • Total operating expenses declined by nearly 7% to $32.7 million from $35.2 million.
    • The decline in total operating expenses in 2024 was offset by a $3.1 million non-cash goodwill impairment charge associated with Hawaii Energy Connection (“HEC”) and a $750,000 intangible asset impairment loss related to technology related intangible assets within the HEC segment; there were no such charges realized in 2023.
    • A series of cost optimization and efficiency measures implemented in 2024 are expected to produce annual selling, general and administrative expense cost savings in 2025 of over $2.0 million.
    • Operating loss from continuing operations was $12.3 million compared to $7.5 million in 2023

    Recent Developments

    • We secured $20 million in aggregate gross proceeds via a securities purchase agreement with certain institutional investors (“the Offering”).
    • This fresh capital allowed us to eliminate $12.6 million of secured debt and other long-term contractual obligations. This included the repayment in full of $9.4 million of senior and junior secured debt that removed an average annual cash drain of approximately $3.4 million through 2027, and the payment in full of a $2.5 million earn out consideration.
    • This reduction in debt has produced material benefits, including lowering our annual interest expense for 2025 by an estimated $1.4 million, while enhancing cash flows that provide the flexibility necessary to invest appropriately in our long-term expansion and/or other strategic options.

    Q1 2025 Outlook

    We expect that our financial position for the first quarter ended March 31, 2025 will reflect the positive effects of this deleveraging and the cost containment initiatives that began in 2024, including:

    • cash and cash equivalents of approximately $1.4 million, up from cash and cash equivalents of $0.8 million at December 31, 2024; cash at March 31, 2025 did not include $5 million in gross proceeds raised as part of the Offering that closed in early April 2025.
    • total debt of approximately $9.3 million, a $9.8 million reduction from $19.1 million at December 31, 2024; this reduction does not include the impact of the above-mentioned $2.5 million earn out payment.    

    The Path Forward

    Our strategy is designed to provide customers with sustainable energy security by leveraging our people, technology, and processes to deliver solutions that improve the performance, increase the reliability, and reduce the cost of energy.

    Our industry is highly fragmented, consisting primarily of small, regional companies that control the majority of installations. We believe that this creates a great opportunity for a company like SUNation. With our corporate transformation substantially complete, an injection of fresh capital, and our outlook for the solar industry positive, we believe that the best pathway for long-term growth is a combination of organic expansion initiatives, while pursuing net profitable accretive strategic acquisition opportunities.

    With respect to organic growth, we will continue to focus on lowering customer acquisition costs by capitalizing on our premier referral rates, achieve economies of scale that support a lower cost of goods sold, and explore opportunities that widen the scope of solar services to become a one-stop shop for solar and storage-related needs. By leveraging our two-decade reputation for high quality and dependable solar installation, we are investing heavily in the operations of our roofing division, a natural extension of our solar offerings, as well as strengthening our outreach to non-SUNation clients in need of service for their existing PV and battery systems. We also believe that we can increase our service revenue by addressing service gaps created by solar providers that are no longer in business.

    Our approach to any potential acquisitions will be deliberate and thoughtful, with a focus on well-run residential and commercial solar companies in a select group of states that contain markets with the factors that are necessary for fruitful expansion. We believe that regional companies with robust corporate support are best suited to navigate their respective state and regulatory operating environments. Our acquisition criteria includes exposure to battery storage and value-added energy services, opportunities that can deliver meaningful cost and revenue synergies, and compatible business cultures, with a focus on the customer. Our goal is to achieve scale while maintaining the regional identity and connection to the community that these companies have developed over the years.

    We believe that SUNation’s value proposition of energy independence, our sterling reputation, customer-centric approach, and diversified service portfolio will help us navigate the macroeconomic environment, including tariffs, government subsidies, and interest rates.

    In Closing

    I founded SUNation in 2003 and built it into one of the largest and most respected solar installers on Long Island. This was accomplished through hard work, a respect for the customer, and surrounding myself with the best possible team. In 2022 we acquired HEC and E-GEAR, both Hawaii-based sustainable energy solution providers, as a reflection of our commitment to capitalize on the growing demand for solutions that provide home energy security.  

    After more than two decades, we are just beginning.

    I am optimistic about the future of the solar and storage industry and SUNation. Our industry creates good paying jobs and generates substantial revenue at the regional level, positioning us as a significant contributor to the national energy mix alongside oil, coal, gas, and wind. Importantly, our distributed energy solutions fortify local energy infrastructures, making us a vital part of energy security. Our industry is resilient and has always aligned with economic expansion – a stronger economy equals strong energy demand.

    I remain committed to capitalizing on the significant opportunities inherent in our industry and delivering long-term value to our shareholders.

    Respectfully submitted,

    Scott Maskin
    Chief Executive Officer

    Corporate Update Call / Submit Question in Advance

    Management will host a Corporate Update call on Wednesday, April 23 at 10:00 am ET. Interested parties may participate in the call by dialing:

    • Domestic: (800) 715-9871
    • International: (646) 307-1963
    • Passcode: 5681681

    The conference call will also be accessible via the Investor Relations section of the Company’s web site at https://ir.sunation.com/news-events or via this link: https://edge.media-server.com/mmc/p/2sjxvf6u.

    Questions may be submitted in advance to ir@sunation.com with the subject line “Corporate Update Questions.” The deadline for submitting questions is April 22 at 5:00 PM ET.

    About SUNation Energy, Inc.

    SUNation Energy, Inc. is focused on growing leading local and regional solar, storage, and energy services companies nationwide. Our vision is to power the energy transition through grass-roots growth of solar electricity paired with battery storage. Our portfolio of brands (SUNation, Hawaii Energy Connection, E-Gear) provide homeowners and businesses of all sizes with an end-to-end product offering spanning solar, battery storage, and grid services. SUNation Energy, Inc.’s largest markets include New York, Florida, and Hawaii, and the company operates in three (3) states.

    Forward Looking Statements 

    Our prospects here at SUNation Energy Inc. are subject to uncertainties and risks. This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. The Company intends that such forward-looking statements be subject to the safe harbor provided by the foregoing Sections. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this presentation. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “projects”, “should”, or other expressions that are predictions of or indicate future events or trends, to be uncertain and forward-looking. We caution readers not to place undue reliance upon any such forward-looking statements. The Company does not undertake to publicly update or revise forward-looking statements, whether because of new information, future events or otherwise. Additional information respecting factors that could materially affect the Company and its operations are contained in the Company’s filings with the SEC which can be found on the SEC’s website at www.sec.gov.

    The MIL Network

  • MIL-OSI Economics: Energy Efficient Living: Smart Homes, Smarter Choices

    Source: Samsung

    Smarter living is on everyone’s minds these days, and Samsung is designing its appliances and devices to help you save time, energy and money. With seamless SmartThings integration across our portfolio, you can take better control of your smart home to improve daily routines, cut down on energy costs and make a positive impact on our planet.
    From our SmartThings technology to the devices and appliances themselves, here’s how you can start doing “just one thing” to make sustainable living second nature.
    How to Lower Energy Consumption & Costs
    Smart home technology has revolutionized energy conservation–and the SmartThings app allows your tech to work together to lower energy use (and your energy bills, too). Explore these tips to start living smarter:
    1. Connect your appliances and devices to the Samsung SmartThings app. SmartThings helps you monitor your energy usage and utilize routines and automations like a pro – making things like preparing for a dinner party a breeze.
    2. Activate SmartThings Energy to discover which devices use the most energy and receive regular tips to help make smarter decisions about how and when you run your appliances. Did you know that the carbon emissions from using or charging your smart home devices vary throughout the day? You can also see your carbon emissions data based on your home’s electricity usage so you can make more informed choices.
    3. Turn on AI Energy Mode. Many of our smart devices, such as our refrigerators, TVs, washers and dryers, have AI intelligence built in, allowing you to use AI Energy Mode in the SmartThings app to analyze your energy usage patterns and intelligently reduce your energy consumption, making a difference for both the environment and your electricity bill. For example, you can activate AI Energy Mode on your Samsung TV and it will adjust brightness in real-time to match the lighting in your space. Our TVs can also recognize when you haven’t been in the room for a while (more than two hours) and lower their brightness automatically.

    4. Earn Rewards for Saving Energy. SmartThings is now giving out Samsung Rewards Points for saving energy! Accrue energy stamps that convert to Samsung Rewards for every 400wh of energy saved. Eligible users can also enroll in Flex Connect to earn $50 in Samsung Rewards for saving energy when the grid is strained.
    5. Set up energy-saving routines and control your devices remotely. Use the SmartThings routines feature to automatically set when and how your appliances and devices function. The app will even tell you if you leave a device on while you’re away — and allow you to turn it off from anywhere.
    To help get you started, we’re sharing a special Earth Day-themed SmartThings routine. Simply scan the QR code below to kick start your day with a message from your Samsung soundbar and keep your home running efficiently all day long.

    With over 600 ENERGY STAR-certified products across our portfolio, including 95% of Samsung dishwashers, 91% of our refrigerators, 55% of electric ranges and 49% of laundry products, we’re here to help make energy savings simple.
    And whether you’re looking to start enjoying energy savings or clear out your pre-loved tech drawer, Samsung makes it easy to responsibly recycle your old devices. Since 2012, we have collected over 1.4 billion pounds of e-waste in the U.S. alone, and this Earth Month, we invite you to join us on the journey. Explore our 1,700+ e-waste drop-off locations from coast to coast to feel good about saying goodbye to your tech.
    For more ways to do just one thing this Earth Month and beyond, follow us on Instagram, Facebook, and YouTube for tips and tricks about reducing your energy consumption and download SmartThings Energy to make the most out of your appliances’ and devices’ energy use.
    Visit Samsung.com for more on sustainability at Samsung.

    MIL OSI Economics

  • MIL-OSI: DTE Energy schedules first quarter 2025 earnings release, conference call

    Source: GlobeNewswire (MIL-OSI)

    DETROIT, April 17, 2025 (GLOBE NEWSWIRE) — DTE Energy (NYSE:DTE) will announce its first quarter 2025 earnings before the market opens Thursday, May 1, 2025.

    The company will conduct a conference call to discuss earnings results at 9:00 a.m. ET the same day.

    Investors, the news media and the public may listen to a live internet broadcast of the call at dteenergy.com/investors. The telephone dial-in number in the U.S. and Canada toll free is: (888) 510-2008. The telephone dial-in USA toll is: (646) 960-0306 and the Canada dial-in toll is: (289) 514-5035. The passcode is 4987588. The webcast will be archived on the DTE Energy website at dteenergy.com/investors.

    About DTE Energy  
    DTE Energy (NYSE:DTE) is a Detroit-based diversified energy company involved in the development and management of energy-related businesses and services nationwide. Its operating units include an electric company serving 2.3 million customers in Southeast Michigan and a natural gas company serving 1.3 million customers across Michigan. The DTE portfolio also includes energy businesses focused on custom energy solutions, renewable energy generation, and energy marketing and trading. DTE has continued to accelerate its carbon reduction goals to meet aggressive targets and is committed to serving with its energy through volunteerism, education and employment initiatives, philanthropy, emission reductions and economic progress. Information about DTE is available at dteenergy.com, empoweringmichigan.com, x.com/DTE_Energy and facebook.com/dteenergy

    For more information, members of the media may contact:
    Dan Miner, DTE Energy: 313.235.5555

    For further information, analysts may call:

    Matt Krupinski, DTE Energy: 313.235.6649
    John Dermody, DTE Energy: 313.235.8750

    The MIL Network

  • MIL-OSI: American Rebel (NASDAQ:AREB) Congratulates Tony Stewart on History-Making Victory in NHRA Top Fuel Event at Las Vegas Motor Speedway

    Source: GlobeNewswire (MIL-OSI)

    First Driver to Win NASCAR Cup Race, IndyCar Race, USAC Triple Crown Championship and NHRA Pro Event

    American Rebel Light Beer Sponsorship of Tony Stewart Racing Drivers Tony Stewart and Matt Hagan Celebrate Stewart Win and Head to Charlotte for American Rebel Light NHRA 4-Wide Nationals April 25 – 27 at zMAX Dragway at Charlotte Motor Speedway

    Nashville, TN, April 17, 2025 (GLOBE NEWSWIRE) — American Rebel Holdings, Inc. (NASDAQ: AREB) (“American Rebel” or the “Company”), creator of American Rebel Beer (americanrebelbeer.com) and a designer, manufacturer, and marketer of branded safes, personal security and self-defense products and apparel (americanrebel.com), would like to congratulate Tony Stewart on his history-making victory in the NHRA Top Fuel Dragster (nhra.com) this past weekend at The Strip at Las Vegas Motor Speedway. Tony is the first driver to win a NASCAR Cup Series race, an IndyCar race, a USAC Triple Crown Championship and an NHRA Pro Event. The American Rebel Light Beer sponsorship of Tony Stewart Racing (tsrnitro.com) drivers Tony Stewart and Matt Hagan proudly celebrate the Stewart win as this history-making victory draws tremendous attention to the American Rebel Light sponsorship. The Stewart victory is also very emotional for the American Rebel team as we know how much this victory means to Tony and Leah personally.

    “I haven’t been around the NHRA Mission Foods Drag Racing Series very long, but I realized it takes a lot to win one of these Top Fuel races,” said Tony Stewart. “In my career, I’ve never had to wait over a year to win a race. We always figured it out pretty quickly and we won. We needed this win. It’s been so stressful for everyone since Leah (Pruett – Stewart’s wife) nearly won the World Top Fuel Championship in 2023 when it came down to the final round of the whole season.”

    Tony Stewart replaced Leah Pruett as the driver of the Tony Stewart Racing NHRA Top Fuel Dragster at the beginning of the 2024 season. Tony and Leah were married in 2021 and Leah asked Tony to drive her car in the Top Fuel series as the couple set out to start a family. Tony drove in the Top Alcohol series, a tier below Top Fuel, in 2023.

    “When your wife wants to try to start a family and wants you to driver her car, what are you going to say?” continued Stewart. “We had a lot of changes for the team because my body weight is different. Car tubing is different, and it just takes time. It was frustrating as we just couldn’t get on a path to make consistent gains last year. Two years ago, I won my first NHRA national event in the Top Alcohol Dragster here at Las Vegas with McPhillips Racing, and now I win my first Top Fuel national event at the Strip. It’s pretty damn cool. I’ve been a motorsports fan my whole life, and I think we made racing history with the Top Fuel win. I’m not sure if there has ever been a driver to win a NASCAR Cup race, an IndyCar race, the USAC Triple Crown championship and an NHRA Pro event (Top Fuel). To do it with our team and our family was very emotional. When Leah brought Dom (their newborn son) up on stage in victory lane, my heart stopped. I got so emotional there. That is a feeling I have never had in my life before. The Four Wide setup is the equalizer for me. I’m used to racing with many cars around me. It’s tough for the guys who are not used to four cars racing at once. We can’t get to Charlotte fast enough with the next four-wide setup. I love the format.”

    The next event on the NHRA Misson Foods Drag Racing Series schedule is the American Rebel Light NHRA 4-Wide Nationals April 25 – 27 at the Charlotte Motor Speedway.

    “I couldn’t be happier for Tony and Leah as I know how much the victory in Las Vegas means to them both,” said American Rebel CEO Andy Ross. “Our relationship started out as a sponsorship, turned into a friendship and now it’s family. Tony, Matt and Leah have been a big part of our incredible success opening up distributors for American Rebel Light Beer across the country. Various consultants told me opening up distributors was next to impossible, but American Rebel has proven them wrong because we have a real 12-year organic story of how we got here, and Tony, Matt and Leah’s support have poured patriotic fuel all over the fire we had already started. I can’t thank them enough for everything they’ve done.”

    American Rebel is an associate sponsor on the Tony Stewart driven Top Fuel Dragster and the Matt Hagan driven Funny Car for all 20 races of the NHRA Mission Foods 2025 season as well as the primary sponsor of the Matt Hagan Funny Car for five races, including the American Rebel Light NHRA 4-Wide Nationals at Charlotte Motor Speedway, and the primary sponsor of the Tony Stewart Top Fuel Dragster for one race during the 2025 season. Being a sponsor provides opportunities for vast exposure during the race broadcasts on Fox Sports, Fox Sports 1 (FS1) and Fox Sports 2 (FS2). Ratings for NHRA telecasts are very strong and visibility continues to expand through additional streaming options through NHRA.tv.

    In addition to the strong television viewership of NHRA racing, NHRA has unveiled exciting opportunities for digital media and content creators for the 2025 NHRA Mission Foods Drag Racing Series season. Aiming to change the way influencers, content creators and digital media members experience drag racing, NHRA is working to expand its reach across social media platforms with its Cornwell Tools Burnout Box Content Creator Zone. This expansion and emphasis in the digital media space will significantly benefit American Rebel.

    American Rebel has also benefitted from the relationship with Tony Stewart Racing through the social media reach of Tony Stewart, Matt Hagan and Leah Pruett. Tony Stewart has nearly 750,000 followers on X (@TonyStewart) and over 250,000 followers on Instagram (@tsrsmoke). Matt Hagan has nearly 150,000 followers on Instagram (@matthagan_fc) and Leah Pruett has nearly 400,000 followers on Instagram (@leah.pruett).

    “Tony, Matt and Leah are such an important part of our story,” said Andy Ross. “Tony is a legendary NASCAR driver who may be the most versatile race car driver in history, having also driven in NASCAR, IndyCar, USAC, NHRA and just about anything with wheels. And Matt has 52 NHRA national event wins and is one of only four legendary Funny Car drivers to win four championships (John Force, Don Prudhomme and Kenny Bernstein are the others) and Leah has kicked in doors as a Top Fuel driver and she continues to provide unparalleled support for American Rebel at the track and on social media. Our distributors love our connection with Tony Stewart Racing as American Rebel Light Beer connects with our customers through this sponsorship.”

    It’s been said that Andy Ross wrote the most on-brand drag racing song ever with his “Nitro Lightning” that he wrote for Matt Hagan. The song gets played at the track nearly every race weekend and even has been referenced on the Fox broadcasts. Andy has performed concerts at the Texas Motorplex and the Bradenton Motorsports Park after race events and is scheduled to perform this year at the American Rebel Light NHRA 4-Wide Nationals in Concord, NC.

    “What’s more American Rebel than rock ‘n’ roll and drag racing? I love victory lane and bringing the party,” said Andy Ross. “Drag racing fans are the perfect demo for American Rebel Beer and we’re looking forward to continuing this relationship a long time.”

    Primary sponsorship dates for American Rebel Beer on the Matt Hagan Funny Car are April 25 – 27 at the American Rebel Light NHRA 4-Wide Nationals in Concord, NC; June 20 – 22 at the Virginia NHRA Nationals at North Dinwiddle, VA; August 14 – 17 at the Lucas Oil NHRA Nationals in Brainerd, MN; September 26 – 28 at the NHRA Midwest Nationals near St. Louis, MO; and October 30 – November 2 at the NHRA Nevada Nationals in Las Vegas, NV. American Rebel Beer will also be a primary sponsor for the Tony Stewart Top Fuel Dragster on September 26 – 28 at the NHRA Midwest Nationals near St. Louis, MO.

    About American Rebel Light Beer

    Produced in partnership with AlcSource, American Rebel Light Beer (americanrebelbeer.com) is a domestic premium light lager celebrated for its exceptional quality and patriotic values. It stands out as America’s Patriotic, God-Fearing, Constitution-Loving, National Anthem-Singing, Stand Your Ground Beer.

    American Rebel Light is a Premium Domestic Light Lager Beer – All Natural, Crisp, Clean and Bold Taste with a Lighter Feel. With approximately 100 calories, 3.2 carbohydrates, and 4.3% alcoholic content per 12 oz serving, American Rebel Light Beer delivers a lighter option for those who love great beer but prefer a more balanced lifestyle. It’s all natural with no added supplements and importantly does not use corn, rice, or other sweeteners typically found in mass produced beers.

    About Tony Stewart Racing

    Headquartered in Brownsburg, Indiana, Tony Stewart Racing (TSR) Nitro fields two entries in the NHRA Mission Foods Drag Racing Series. After more than four decades of racing around in circles, Tony Stewart embarked on a straight and narrow path, albeit more than 300 mph. The championship-winning racecar driver who has successfully transitioned to being a championship-winner team owner, formed the TSR nitro team in 2021, with 2022 marking the team’s first season in competition. Matt Hagan pilots the Funny Car and Tony Stewart took over driving duties in 2024 for wife Leah Pruett in the Top Fuel dragster as they started a family. Hagan is a four-time Funny Car champion (2011, 2014, 2020 and 2023) from Christiansburg, Virginia. Stewart hails from Columbus, Indiana and earned his first Top Fuel victory at the 2025 NHRA Four-Wide Nationals in Las Vegas. He also won the 2024 NHRA Rookie of the Year title. Stewart finished second in the 2023 Top Alcohol Dragster championship standings.

    About American Rebel Holdings, Inc.

    American Rebel Holdings, Inc. (NASDAQ: AREB) has operated primarily as a designer, manufacturer and marketer of branded safes and personal security and self-defense products and has recently transitioned into the beverage industry through the introduction of American Rebel Beer. The Company also designs and produces branded apparel and accessories. To learn more, visit americanrebelbeer.com or americanrebel.com. For investor information, visit americanrebelbeer.com/investor-relations.

    American Rebel Holdings, Inc.
    info@americanrebel.com

    American Rebel Beverages, LLC
    Todd Porter, President
    tporter@americanrebelbeer.com

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. American Rebel Holdings, Inc., (NASDAQ: AREB; AREBW) (the “Company,” “American Rebel,” “we,” “our” or “us”) desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “forecasts” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements primarily on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include benefits of a launch party, actual launch timing and availability of American Rebel Beer, success and availability of the promotional activities, our ability to effectively execute our business plan, and the Risk Factors contained within our filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2024. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise, except as may be required by law.

    Company Contact:
    tporter@americanrebelbeer.com
    info@americanrebel.com

    Attachment

    The MIL Network

  • MIL-OSI: Former Australian Ambassador to the United States, The Hon. Arthur Sinodinos AO, Joins Cove Capital as Special Advisor to Bolster Strategic Growth in its global Critical Minerals Operations

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, April 17, 2025 (GLOBE NEWSWIRE) — Cove Capital LLC (“Cove” or the “Company”), a company at the forefront of developing critical minerals projects and advanced downstream technologies globally, is proud to announce the appointment of The Hon. Arthur Sinodinos AO, former Australian Ambassador to the United States, as a Special Advisor.

    Ambassador Sinodinos brings to Cove Capital a wealth of experience at the highest levels of diplomacy, business, and government policy. His tenure as Ambassador to the United States (2020–2023) was marked by a strong focus on deepening U.S.-Australia cooperation on energy security and critical minerals supply chains — priorities that align directly with Cove Capital’s mission. His leadership was instrumental in forging the U.S.-Australia Climate, Critical Minerals and Clean Energy Transformation Compact, which laid the foundation for collaborative investment and innovation in the sector.

    “We are honored to welcome Ambassador Sinodinos to the Cove Capital team,” said Pini Althaus, Chairman and CEO of Cove Capital. “His unique ability to navigate the intersection of diplomacy, policy, and strategic industry partnerships — particularly between Australia and the United States — is invaluable as we continue to scale our global ambitions in critical minerals and downstream technology development.”

    Cove Capital is actively engaged in the advancement of critical minerals projects in Central Asia, with a particular focus on Kazakhstan through its Portfolio company Kaz Resources, and in Uzbekistan. In these regions, with support from the U.S. government and under the framework of various Critical Minerals Agreements, the company is working alongside local governments and partners to unlock high-grade deposits of rare earth elements, lithium, and other key critical materials vital to national security and advanced manufacturing applications. These projects are designed not only to meet growing United States demand, but also to establish long-term, transparent supply chains that support a supply chain independent of China.

    In addition to its upstream activities, Cove Capital is strategically invested in downstream technology, including its Portfolio company, REEMAG LLC. REEMAG has developed an innovative and proprietary carbon-free and chemical-free recycling process for end-of-life rare earth NdFeB (neodymium-iron-boron) magnets — a critical bottleneck in today’s supply chain. The collaboration positions Cove Capital as a vertically integrated player in the rare earths sector, from resource development to refined materials.

    Ambassador Sinodinos will play a key role in advising Cove Capital on international government relations, stakeholder engagement, and strategic alliances — particularly as the company expands its presence in North America and Central Asia.

    “This is an exciting opportunity to support a company that is both innovative and strategically aligned with national and international priorities,” said Ambassador Sinodinos. “Cove Capital is contributing meaningfully to the resilience and diversification of critical mineral supply chains. I look forward to helping advance their mission in collaboration with key allies and partners.”

    As global demand for critical minerals accelerates, Cove Capital remains committed to being a reliable partner for governments, technology firms, and defense companies seeking reliable supply chains and ethically sourced and responsibly processed materials that power the future.

    About Cove Capital LLC

    Cove Capital was founded in 2015. With offices in Melbourne and New York (head office), Cove Capital invests in mining, processing and renewable energy technology. Since 2018, Cove Capital has been at the forefront of investment and development in critical minerals projects in the United States, Central Asia, Latin America, the Middle East and the Indo-Pacific region. Cove Capital, under the visionary leadership of Mr. Pini Althaus, brings unparalleled knowledge and extensive experience to the critical minerals industry.

    The MIL Network

  • MIL-OSI United Kingdom: Low-income families saved £886,000 on water bills through Portsmouth City Council and Southern Water partnership

    Source: City of Portsmouth

    Around £886,000 is set to be cut from the bills of the most vulnerable people in Portsmouth, thanks to a partnership between Portsmouth City Council and Southern Water.

    The council has provided Southern Water with the details of just over 5,000 residents on low incomes or in receipt of benefits who have been found to be eligible for a discount on their bills, as part of a data sharing agreement to save people money.

    All Portsmouth customers who qualify for the cheaper Essentials tariff payment scheme will automatically be moved across. They will have their bills reduced by an average of £177 a year, and Southern Water will be writing to those who have been switched.

    The tariff is designed to help customers who are struggling to pay by providing a discount of at least 45% for low-income households in receipt of Council Tax Support.

    It’s part of Portsmouth City Council’s ongoing work to support residents with the cost of living, which includes:

    • Awarding £245,200 to 1,414 low-income pensioner households through our one-off Portsmouth Older Persons’ Energy Payment scheme
    • Hardship payments for daily costs like food and energy bills through the UK Government-funded Household Support Fund, which is extended for another 12 months.
    • The local Council Tax Support Scheme for households eligible for a discount
    • Holiday Activity and Food (HAF) programme, currently running over Easter, and extended by another 12 months
    • The council’s cost of living hub and phone number, offering free money advice for all
    • Switched on Portsmouth providing free energy and money saving advice

    Council Leader Cllr Steve Pitt said:

    “We are committed to exploring every avenue possible to save Portsmouth residents money, because rising costs continue to impact people’s quality of life.

    “Through this proactive partnership with Southern Water, we have been able to help another 5,000 save a collective £886,000, which is a really significant individual saving.

    “We will be offering more one-off payment schemes to help the most vulnerable to pay for bills and food, and I would urge anyone who needs advice and support around money to call our cost of living hub.”

    Nicky Chitty, Southern Water’s affordability and vulnerability lead, said:

    “We are delighted to be working together with colleagues at Portsmouth so that no households miss out on the support they may be entitled to.

    “By joining our Essentials tariff, these customers will automatically receive a minimum discount of 45% off their bills.”

    The council will continue to pass on the details of any residents that may be eligible for the Essentials tariff to Southern Water.

    The partnership is subject to strict rules around personal data and security and the information shared is solely for the purpose of benefiting eligible residents.

    MIL OSI United Kingdom

  • MIL-OSI Russia: SPbPU and the Republic of Tatarstan signed four cooperation agreements

    Translartion. Region: Russians Fedetion –

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    The program of the visit of the representative delegation of the Republic of Tatarstan to the Polytechnic included the signing of several cooperation agreements. The rais of the Republic of Tatarstan Rustam Minnikhanov and the vice-governor of St. Petersburg Vladimir Knyaginin participated in the solemn ceremony.

    The cooperation between the Ministry of Education and Science of the Republic of Tatarstan and Peter the Great St. Petersburg Polytechnic University will contribute to the effective development of higher education in both subjects of the Federation, the training of highly qualified specialists, continuous professional development of workers, and the integration of professional education and science. The basis for achieving these goals should be joint relevant scientific, technical, educational, innovative, investment, production, and socio-economic projects and programs. The document was signed by the Minister of Education and Science of the Republic of Tatarstan Ilsur Khadiullin and the Rector of SPbPU Andrey Rudskoy.

    The agreement provides for the unification of the partners’ efforts for the comprehensive development of a system for training scientific and engineering personnel, the involvement of students and young scientists in real scientific research and experimental design developments, and the creation of a new material base for the implementation of educational programs and scientific research projects.

    Other areas of cooperation include: modernization of the education system, improvement of the quality of educational services, advanced training of managers and teaching staff of educational institutions of the Republic of Tatarstan; popularization of science, development of scientific and technical creativity of young people, etc.

    Innopolis University has also joined the cooperation with the Polytechnic University. Having signed the agreement, SPbPU Rector Andrey Rudskoy and Innopolis University Director Iskander Bariyev expressed their desire for strategic interaction between the universities in the field of methodological, educational and scientific activities. The agreement provides for the modernization of current educational programs and the development of new ones, including online ones. An important part of the cooperation will be joint scientific research, including the creation of a specialized laboratory for the development of composite materials for robotic systems and unmanned aircraft. Other areas of cooperation include: organizing academic mobility for teachers and students; popularization of scientific research; joint design, technological and experimental work in the field of robotics and mechatronics, the search for and design of new materials with specified properties, additive technologies, artificial intelligence; participation in the audit of Russian companies and enterprises, including an assessment of the level of their digital maturity, robotics and digital transformation; organization and holding of conferences, meetings, exhibitions and other events on current issues of industrial robotics, etc.

    Almetyevsk State Technological University “Higher School of Oil” has signed an agreement with the Polytechnic University to work together on innovative methods of engineering education, conduct scientific research and implement scientific, educational and creative projects, including within the framework of the federal project “Advanced Engineering Schools”. The document was signed by Andrey Rudskoy and Rector Alexander Dyakonov.

    Kazan National Research Technical University named after A. N. Tupolev-KAI has become a strategic partner of Polytechnic University. The agreement signed by Acting Rector Kirill Okhotkin and Rector of SPbPU Andrey Rudskoy provides for joint activities in scientific, educational, research and innovation spheres and support for large-scale scientific and industrial projects, including within the framework of advanced engineering schools. The partners agreed to use their scientific infrastructure and combine competencies to implement joint projects in such priority areas as: composite material structures; additive, laser and plasma technologies; information and control systems; radio photonics; quantum technologies; electromagnetic compatibility; microelectronics; digital modeling of elements of manned and unmanned transport systems; artificial intelligence.

    “We have very close ties with the Republic of Tatarstan through the Academy of Sciences,” commented Vladimir Knyagin, Vice-Governor of St. Petersburg. “For our St. Petersburg branch of the Russian Academy of Sciences, Tatar colleagues are not only partners, but also, in many cases, cooperators in research. There is an exchange of personnel, research topics, and knowledge. And the fact that today we have the head of the republic testifies to the official recognition of the importance of such interaction.”

    After the signing ceremony, another ceremonial procedure took place — the awarding of representatives of the Polytechnic University. For fruitful cooperation and significant contribution to strengthening the socio-economic potential of the Republic of Tatarstan, Rustam Minnikhanov presented medals “100 years of the formation of the Tatar Autonomous Soviet Socialist Republic” to Vice-Rector for Digital Transformation Alexey Borovkov, Director of the Institute of Mechanical Engineering, Materials and Transport Anatoly Popovich and Academic Secretary of SPbPU Dmitry Karpov.

    During the visit, the delegation of Tatarstan visited several specialized scientific and production sites of the Polytechnic University. Thus, in the Laboratory of Light Materials and Structures, the guests got acquainted with the technologies of additive electric arc growth and friction stir welding. Director of the Institute of Mechanical Engineering, Materials and Transport Anatoly Popovich presented the competencies of SPbPU in the field of large-scale 3D metal printing, spoke about the equipment used, and demonstrated product samples. The partners also saw the advanced developments of the Polytechnic University in the field of additive laser technologies, visitedNetwork engineering center and other workshops.

    In the experimental design bureau of the Advanced Engineering School of SPbPU “Digital Engineering” (OKB PISH), guests from Tatarstan got acquainted with breakthrough developments and research in the field of unmanned aerial vehicles (UAVs), aircraft manufacturing, engine and rocket engineering, as well as robotics, implemented using approaches to systemic digital engineering based on the Digital Platform for the Development and Application of Digital Twins CML-Bench®.

    Vice-Rector for Digital Transformation of SPbPU, Head of the Advanced Engineering School of SPbPU “Digital Engineering” Alexey Borovkov presented to the guests a line of multifunctional devices – a family of electric unmanned aerial vehicles “Snegir”: the “Snegir-1” model and its improved version VTOL (Vertical Take Off and Landing – vertical takeoff and landing) “Snegir-1.5”. Alexey Ivanovich emphasized that the development of the UAV “Snegir-1.5” was carried out using virtual test benches and testing grounds, as well as using the domestic Digital platform CML-Bench®, which made it possible to optimize the design methods of unmanned aircraft systems and their components. The project is being implemented within the framework of the federal initiative “Development, standardization and serial production of unmanned aircraft systems and components” of the national project “Unmanned aircraft systems”, which was launched in accordance with the Strategy for the development of unmanned aviation of the Russian Federation until 2030 and for the future until 2035.

    Alexey Borovkov noted that leading specialists of the Advanced Engineering School of SPbPU “Digital Engineering” are developing technologies and a demonstrator of a software package for the automated design of electric propeller-motor groups of unmanned aerial vehicles, and demonstrated the results of the development and manufacture of a prototype of the CML_03 electric motor for unmanned aerial vehicles with improved technical characteristics. The development is based on multi-criteria optimization methods and interdisciplinary calculation methods.

    Speaking about the promising projects of the SPbPU Ecosystem of Technological Development, Aleksey Borovkov focused on the strategic tasks planned and already implemented jointly with the partner of the SPbPU – the scientific institution “Engineering and Design Center for Support of Operation of Space Technology” to create tooling kits and quality control for the manufacture of tank structures of the Angara family of launch vehicles using advanced technologies. In addition, the vice-rector announced the start of a project to create a prototype of the CML-Aeroplane, where the key task is multi-criteria optimization of the design taking into account aerodynamics, flight dynamics, strength, fuel efficiency and cost.

    As part of the project activities of the structural divisions of the SPbPU Technological Development Ecosystem, a scientific and technological reserve has been formed that allows us to carry out cross-industry technology transfer and accelerate the design of complex and new products thanks to the CML-Bench® Digital Platform, which stores information on solving similar problems, concluded Alexey Ivanovich.

    The guests were interested in the activities of the Student Design Bureau (SDB), which operates within the structure of the SPbPU Advanced Engineering School Design Bureau. SDB is a unique educational and practical platform where students, under the guidance of university teachers and specialists from industrial partners, acquire basic engineering competencies through participation in real R&D, and also have the opportunity to implement their own initiatives in the field of technological creativity. As an example, Alexey Borovkov cited the development of the SPbPU Advanced Engineering School student team CML®-Bots – the combat robot “Laska”. This project became the winner of the International Robot Fighting Championship in India in April 2025 and a number of Russian student competitions earlier.

    “The Battle of Robots is a prestigious championship where engineers compete in creating the most effective combat vehicles,” noted Alexey Ivanovich. “Our students not only achieve victories, but also constantly improve the design, deepening their knowledge in robotics, mechanics and physics. The acquired skills allow them to find non-standard, interdisciplinary solutions to complex engineering problems, which is extremely important for future professional activities.”

    Photo archive

    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

  • MIL-OSI: Ring Energy Provides Operational Update

    Source: GlobeNewswire (MIL-OSI)

    ~ Announces Timing of First Quarter Earnings Conference Call ~

    THE WOODLANDS, Texas, April 17, 2025 (GLOBE NEWSWIRE) — Ring Energy, Inc. (NYSE American: REI) (“Ring” or the “Company”) today provided an operational update, including first quarter 2025 oil sales volumes above the high end of the Company’s guidance range and total sales volumes above the midpoint of guidance. The Company also announced the timing of Ring’s quarterly results conference call.

    KEY HIGHLIGHTS

    • Produced over 12,000 barrels of oil per day (“Bo/d”), exceeding high end of guidance;
    • Produced over 18,300 barrels of oil equivalent per day (“Boe/d”), exceeding the midpoint of guidance;
    • Oil production outperformance was driven by the success of Ring’s drilling program, featuring 7 horizontal and 3 vertical wells coming online, all surpassing the Company’s pre-drill estimates;
    • Completed the acquisition of the Central Basin Platform (“CBP”) assets of Lime Rock Resources IV, LP (“Lime Rock”) on March 31, 2025;
      • Highly accretive transaction provides immediate and meaningful increased cash flow from shallow declining, long life, oil weighted assets;
      • Realized initial operational synergies by reducing LOE over 5%;
      • Production during the first two weeks of Ring’s operations exceeded expectations by over 200 Boe/d, averaging over 2,500 Boe/d; and
    • Company has over 6,300 barrels of oil per day hedged with weighted average downside protection of $64.44 per barrel for the remainder of the year, as of April 1, 2025.

    Mr. Paul D. McKinney, Chairman of the Board and Chief Executive Officer, commented, “The first quarter has set a strong foundation for 2025, and we look forward to sharing our full results in early May. Despite some initial weather-related downtime, we are pleased to report that oil sales volumes surpassed our highest projections, thanks to the outstanding performance of the wells drilled this quarter. Every well not only met but exceeded our pre-drill expectations, showcasing our operational excellence. Additionally, we successfully completed our Lime Rock asset acquisition before the quarter’s end, and we are actively integrating these new properties into our portfolio—yielding an impressive 200 Boe/d increase over earlier estimates during the first two weeks of operations. We are confident that these achievements will propel us toward continued success in the upcoming months.”

    Mr. McKinney concluded, “Our value-focused and proven strategy is designed to effectively navigate both high and low commodity price cycles, emphasizing the generation of free cash flow, maintaining a disciplined capital spending program, and prioritizing debt reduction. The flexibility in our contracting terms with drilling rigs and oil field service providers empowers us to quickly adapt our capital spending to stay aligned with our objectives. Our steadfast, value-focused strategy ensures we maintain the discipline and agility needed to navigate price volatility, positioning the Company for enduring success.”

    First Quarter Earnings Conference Call

    Ring plans to issue its first quarter 2025 earnings release after the close of trading on Wednesday, May 7, 2025. The Company has scheduled a conference call on Thursday, May 8, 2025 at 11:00 a.m. central standard time to discuss its first quarter 2025 operational and financial results. To participate, interested parties should dial 833-953-2433 at least five minutes before the call is to begin. Please reference the “Ring Energy First Quarter 2025 Earnings Conference Call”. International callers may participate by dialing 412-317-5762. The call will also be webcast and available on Ring’s website at www.ringenergy.com under “Investors” on the “News & Events” page. An audio replay will also be available on the Company’s website following the call.

    ABOUT RING ENERGY, INC.

    Ring Energy, Inc. is an oil and gas exploration, development, and production company with current operations focused on the development of its Permian Basin assets. For additional information, please visit www.ringenergy.com.

    SAFE HARBOR STATEMENT

    This release contains 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. Forward-looking statements involve a wide variety of risks and uncertainties, and include, without limitation, statements with respect to the Company’s strategy and prospects, including: expected first quarter 2025 sales volumes and capital projects activity levels; the potential impact of and the Company’s efforts to manage commodity price volatility through targeted contracting, hedging and other Company-directed strategies; and, the expected benefits and related timing afforded by the recent completion for the Lime Rock acquisition – all of which are designed to further position the Company for long-term success. The forward-looking statements include the Company’s ability to execute its proven strategy designed to further position the Company for long-term success. Forward-looking statements are based on current expectations and subject to numerous assumptions and analyses made by Ring and its management considering their experience and perception of historical trends, current conditions and expected future developments, as well as other factors appropriate under the circumstances. However, whether actual results and developments will conform to expectations is subject to a number of material risks and uncertainties. Such statements are subject to certain risks and uncertainties which are disclosed in the Company’s reports filed with the Securities and Exchange Commission (“SEC”), including its Form 10-K for the fiscal year ended December 31, 2024, and its other SEC filings. Ring undertakes no obligation to revise or update publicly any forward-looking statements, except as required by law.

    CONTACT INFORMATION

    Al Petrie Advisors
    Al Petrie, Senior Partner
    Phone: 281-975-2146
    Email: apetrie@ringenergy.com

    The MIL Network

  • MIL-OSI: Talen Energy to Report First Quarter 2025 Financial Results on May 8, 2025

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, April 17, 2025 (GLOBE NEWSWIRE) — Talen Energy Corporation (“Talen”) (NASDAQ: TLN) plans to release its first quarter 2025 financial results on Thursday, May 8, 2025, before market open. President and Chief Executive Officer Mac McFarland and Chief Financial Officer Terry Nutt will discuss the financial and operating results during an earnings call at 9:00 a.m. EDT (8:00 a.m. CDT) on May 8, 2025.

    To listen to the earnings call, please register in advance for the webcast here. For participants joining the call via phone, please register here prior to the start time to receive dial-in information. For those unable to participate in the live event, a digital replay of the earnings call will be archived for approximately one year and available on Talen’s Investor Relations website at https://ir.talenenergy.com/news-events/events.

    About Talen
    Talen Energy (NASDAQ: TLN) is a leading independent power producer and energy infrastructure company dedicated to powering the future. We own and operate approximately 10.7 gigawatts of power infrastructure in the United States, including 2.2 gigawatts of nuclear power and a significant dispatchable fossil fleet. We produce and sell electricity, capacity, and ancillary services into wholesale U.S. power markets, with our generation fleet principally located in the Mid-Atlantic and Montana. Our team is committed to generating power safely and reliably, delivering the most value per megawatt produced. Talen is also powering the digital infrastructure revolution. We are well-positioned to capture this significant growth opportunity, as data centers serving artificial intelligence increasingly demand more reliable, clean power. Talen is headquartered in Houston, Texas. For more information, visit https://www.talenenergy.com/.

    Investor Relations:
    Sergio Castro
    Vice President & Treasurer
    InvestorRelations@talenenergy.com

    Media:
    Taryne Williams
    Director, Corporate Communications
    Taryne.Williams@talenenergy.com

    Forward-Looking Statements
    This communication contains forward-looking statements within the meaning of the federal securities laws, which statements are subject to substantial risks and uncertainties. These forward-looking statements are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this communication, or incorporated by reference into this communication, are forward-looking statements. Throughout this communication, we have attempted to identify forward-looking statements by using words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecasts,” “goal,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “will,” or other forms of these words or similar words or expressions or the negative thereof, although not all forward-looking statements contain these terms. Forward-looking statements address future events and conditions concerning, among other things capital expenditures, earnings, litigation, regulatory matters, hedging, liquidity and capital resources and accounting matters. Forward-looking statements are subject to substantial risks and uncertainties that could cause our future business, financial condition, results of operations or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this communication. All of our forward-looking statements include assumptions underlying or relating to such statements that may cause actual results to differ materially from expectations, and are subject to numerous factors that present considerable risks and uncertainties.

    The MIL Network

  • MIL-OSI Asia-Pac: Curtain Raiser: India Steel 2025

    Source: Government of India

    Curtain Raiser: India Steel 2025

    “India set to host the largest international steel event in Mumbai from April 24–26, 2025”

    Hon’ble Prime Minister to inaugurate the flagship event of Steel Industry

    Posted On: 17 APR 2025 3:14PM by PIB Delhi

    The India Steel 2025 is set to take place from *24 April to 26 April, 2025*, at the Bombay Exhibition Centre in Mumbai. This 6th edition of the biennial international exhibition and conference will bring together leading stakeholders from across the global steel value chain to discuss the future trajectory of the sector, with a sharp focus on growth, sustainability, resilience, and innovation.

    India is on a trajectory to achieve a production capacity of 300 million tonnes and a per capita consumption of 160 kg by 2030, in line with the National Steel Policy.  Keeping in view this  ambitious growth in the steel sector, the conference is being organised to unlock new opportunities for inter-state and international collaboration, facilitate knowledge exchange, and showcase India’s policy reforms and infrastructure initiatives aimed at enhancing the ease of doing business across the steel value chain.

    The Hon’ble Prime Minister of India will address  the premier Steel Industry event of the country  on 24th April 2025 through Video conferencing , in the esteemed presence of dignitaries including  Hon’ble Minister of Steel and Heavy Industries Shri H. D. Kumaraswamy, Hon’ble Minister of State for Steel and Heavy Industries Shri Bhupathi Raju Srinivasa Varma, Hon’ble Chief Minister of Maharashtra Shri Devendra Phadnavis  and Hon’ble Chief Minister of Chattisgarh Shri Vishu Deo Sai. 

    The conference will see presence of high-level participation from various Central Ministries and States including Chief Ministers and Union Ministers indicating the critical importance of Steel as an important clog in the wheel of Atmanirbhar Bharat.  Among those who will grace the program with their presence include Union Ministers, Hon’ble Minister of Steel and Heavy Industries Shri H. D. Kumaraswamy, Minister of Commerce and Industry Shri Piyush Goyal, Hon’ble Minister of Railways Shri. Ashwini Vaishnaw, Hon’ble Minister of New & Renewable Energy and Consumer Affairs Shri Pralhad Venkatesh Joshi, Hon’ble Minister of Mines Shri G. Kishan Reddy , Hon’ble Minister of State for Steel and Heavy Industries Shri Bhupathi Raju Srinivasa Varma,  Hon’ble Chief Minister of Maharashtra, Shri Devendra Fadnavis, Hon’ble Chief Minister of Chhattisgarh, Shri Vishnu Deo Sai  and Hon’ble Chief Minister of Odisha, Shri Mohan Charan Majhi.  They  will preside over key sessions of the conference, reflecting the multi-sectoral relevance of steel in India’s economic and industrial strategy.

    Senior officials of the Government of India, including Secretary, Ministry of Electronics and Information Technology (MeitY), Secretary, Ministry of Steel and Secretary, Ministry of Coal will also chair key sessions during the event.

     The event will also have a presence of global Industry leaders and senior Foreign dignitaries leading  high-level  delegations, including the Deputy Minister of Industry and Trade of the Russian Federation, Ambassadors of Australia, Mozambique, and Mongolia, reflecting the deepening international engagement and strategic cooperation in the steel sector.

    Key highlights of the International Conference-cum-Exhibition includes:

    – Exhibition and Innovation Showcase: Displaying cutting-edge technologies and advancements in the steel industry.

    – Roundtable Conferences: Discussions on sector-specific topics, international collaboration, and emerging trends including CEOs roundtable and Sectoral roundtables.

    – Reverse Buyer-Seller Meet (RBSM): Facilitating trade opportunities and fostering new business engagements.

    – International Engagement: Country specific sessions involving key steel-producing nations, including the South Korea, Sweden, Australia, and Mongolia. These discussions will explore joint research, technology transfer, and resilient supply chains to de-risk India’s steel production and drive global competitiveness.

    The event will also focus on themes like augmenting domestic consumption, showcasing futuristic steel applications, and fostering global partnerships

    With more than 12,000 business visitors, 250 exhibitors, and 1,200 conference delegates representing various sectors, Government departments, State Governments, country delegations, and domestic and international buyers from India and abroad, the conference would be one of the biggest Steel event globally.

    *********

    TPJ/NJ

    (Release ID: 2122393) Visitor Counter : 36

    MIL OSI Asia Pacific News

  • MIL-OSI: Correction: UAB „Atsinaujinančios energetikos investicijos“ publishes audited consolidated and separate annual financial statements for 2024

    Source: GlobeNewswire (MIL-OSI)

    UAB “Atsinaujinančios energetikos investicijos” (the Company) publishes its audited annual consolidated and separate financial statements for 2024 together with Company’s and Group‘s annual report for 2024

    Financial results

    The Company’s objective is to earn a return for the Company’s investors from investments in renewable energy infrastructure facilities and related assets. The main financial indicators for the period were:

    • As at 31 December 2024, the Company’s total assets were EUR 189,795 thousand, total equity was EUR 100,476 thousand, and total liabilities were EUR 89,319 thousand.
    • As at 31 December 2024, the Company’s investment assets at fair value through profit or loss were EUR 159,902 thousand, which compared to 31 December 2023, decreased by EUR 20,158 thousand or 11.20%. The decline in fair value of the investment portfolio was mainly driven by the results of the independent annual valuation of the Company’s shares. Specifically, the value of the Company’s solar assets in Poland primarily decreased due to electricity price curve forecasts being significantly lower than the electricity price curve utilised in the Company’s valuation in the fourth quarter of 2023.
    • From January to December 2024, the Company reported a comprehensive loss of EUR 14,824 thousand, primarily attributed to the negative fair value change in the investment portfolio resulting from the independent annual valuation of the Company’s shares.

    Review of performance and development

    • In December 2024, the Company successfully divested its 65.5 MW operating solar portfolio in Poland, Energy Solar Projekty sp. z o.o. This divestment marks the Company’s first significant exit in its core portfolio.
    • The construction of the 67.8 MW total capacity portfolio for PV Energy Projects sp. z o.o. is nearing completion. As of the fourth quarter of 2024, 44.8 MW of this capacity is operational, with a Commercial Operation Date (COD) anticipated for September 2025.
    • The construction of the PL SUN sp. z o.o. portfolio, with a total capacity of 114.7 MW, is progressing through two distinct development phases. The first phase, encompassing 66.6 MW, saw substantial completion in the second quarter of 2024, with 26.4 MW energized by the close of the fourth quarter. The remaining capacity of 40.2 MW is scheduled to be energized by the second quarter of 2025. Construction on the second phase, totalling 48.1 MW, commenced in the fourth quarter of 2024, with energization expected by the fourth quarter of 2025.
    • The Company holds 25% of shares of UAB Žaliosios investicijos, which manages the 185.5 MW portfolio, consisting of 34 wind turbines in Lithuania. The energy production license for the Anykščiai wind farm was secured in August 2024, and licenses for the Jonava and Rokiškis wind farms are anticipated in the second quarter of 2025.
    • The development permit for a hybrid power plant with a capacity of 100 MW of wind and 70 MW of solar, being developed by UAB Ekoelektra, has been granted. The technical design project has been initiated and submitted to the Transmission System Operator (Lidgrid) for coordination, ensuring adherence to grid requirements for effective integration into the national electricity network.
    • UAB JTPG submitted the grid connection technical project for a 70 MW solar PV project to Litgrid for approval in the third quarter of 2024, marking a significant step in the project’s development.
    • The development permit for a hybrid power plant developed by UAB KNT Holding, which includes 390 MW of wind, 250 MW of solar, and a Battery Energy Storage System (BESS) of 50 MW / 200 MWh, has also been granted. The technical design project has been initiated and submitted to the Lidgrid for coordination.
    • For the 112 MW wind park development project in Latvia managed by Zala Elektriba SIA, the grid connection deadline was extended in the third quarter of 2024, with balance of plant works commencing in the fourth quarter of 2024.

    Shareholders’ meeting

    According to the Law on Companies of Republic of Lithuania, the annual financial statements prepared by the Management are authorised by the General Shareholders’ meeting. The shareholders hold the power to not approve the annual financial statements and have the right to request new financial statements to be prepared. 

    The shareholders of the Company will vote on approving the Group‘s and Company’s 2024 financial statements at a shareholders’ meeting to be held on 30 April 2025. The meeting will also consider a proposal for the distribution of profits. The proposed profit allocation is as follows:

    Article Thousand, EUR
    Retained earnings (loss) – at the beginning of financial year 31,450
    Comprehensive income (loss) for the reporting period – net profit for the current year* (14,824)
    Profit transfer to the legal reserve (250)
    Retained earnings (loss) – at the end of financial year 16,376
    Profit distribution:  
    Profit transfer to the legal reserve
    Profit transfer to other reserves
    Profit to be paid as dividends
    Retained earnings (loss) at the end of the financial year for 2024 and previous financial periods 16,376

    * The preliminary announcement contained an inaccuracy regarding the Company’s total losses for the year 2024

    Contact person for further information:
    Mantas Auruškevičius
    Manager of the Investment Company
    Mantas.Auruskevicius@lordslb.lt 

    Attachments

    The MIL Network

  • MIL-OSI United Kingdom: Owner of North London tyre fitters banned for 10 years after inflating turnover to secure maximum-value Covid loan

    Source: United Kingdom – Government Statements

    Press release

    Owner of North London tyre fitters banned for 10 years after inflating turnover to secure maximum-value Covid loan

    Decade-long ban for director who abused Bounce Back Loan Scheme

    • Shkelzen Gashi overstated his Smart Tyres Services Ltd company’s turnover by almost double to secure a £50,000 Bounce Back Loan, the most businesses were allowed under the scheme 

    • Smart Tyres was entitled to a loan of £33,600 but ended up with £50,000 because of Gashi’s false declaration 

    • Gashi has now been disqualified as a company director for a decade following Insolvency Service investigations 

    The owner of a North London tyre shop has been banned as a director for 10 years after overstating his company’s turnover to secure a maximum-value Covid loan. 

    Shkelzen Gashi ran Smart Tyres Services Ltd from his address on Harringay Road from 2015 to 2022. 

    The 53-year-old claimed his company’s turnover was £250,000 when he applied to the bank for a £50,000 Bounce Back Loan in 2020. 

    In reality, Smart Tyres had a turnover of little more than half that figure. 

    Gashi was banned as a company director until April 2035 and ordered to pay costs of £5,333 at a hearing of the High Court in Birmingham on Wednesday 2 April. 

    His ban started on Thursday 17 April. 

    Gashi has also repaid £8,000 of the Bounce Back Loan. 

    Kevin Read, Chief Investigator at the Insolvency Service, said: 

    Shkelzen Gashi blatantly overstated the turnover of his company, ensuring it received significantly more in Covid support than it was entitled to. 

    Gashi was given numerous opportunities by our investigators to explain his actions but failed to do so. 

    This was taxpayers’ money and Gashi will now no longer be able to be involved in the promotion, formation or management of a company for the next decade as a result of his dishonest conduct.

    Smart Tyres was incorporated in May 2015 with Gashi as the sole director and shareholder. 

    Gashi described the company as providing a full range of both mechanical and electrical repairs. 

    Insolvency Service analysis of the Smart Tyres’ accounts revealed it had a turnover of £134,401 for the 2019 calendar year. 

    However, Gashi falsely declared on the application form that its income was a quarter of a million pounds. 

    Gashi received the £50,000 Bounce Back Loan in October 2020. 

    Smart Tyres ceased trading in August 2022 with liabilities of more than £100,000. 

    A tyre shop operates from the same address Smart Tyres traded from. Gashi is not a director of this company. 

    The Bounce Back Loan Scheme helped small and medium-sized businesses to borrow between £2,000 and £50,000, at a low interest rate, guaranteed by the government. 

    The loans had to be repaid over six to 10 years, with payments starting one year after companies received the funds. 

    Further information 

    Updates to this page

    Published 17 April 2025

    MIL OSI United Kingdom

  • MIL-OSI Asia-Pac: Records show emissions fell in 2023

    Source: Hong Kong Information Services

    The Environment & Ecology Bureau today released the 2023 greenhouse gas (GHG) emission inventory for Hong Kong and updated the methodology for compiling its GHG emission inventory.

     

    The bureau pointed out that the Government has used the Global Warming Potential (GWP) values set out in the Intergovernmental Panel on Climate Change’s Fifth Assessment Report (AR5) to compile the 2023 GHG emission inventory.

     

    It has also updated previous GHG emission figures, using the new GWP values, in order to reflect annual variations and long-term trends.

     

    In updating the methodology, the Government has complied with the requirement of the United Nations Framework Convention on Climate Change.

     

    Based on the calculation using AR5’s GWP values, Hong Kong’s total GHG emissions in 2023 amounted to about 34.5 million tonnes of carbon dioxide equivalent (CO2-e), representing a decrease of about 20% compared with 2005 levels and a decrease of around 25% from the peak emissions in 2014.

     

    Per capita GHG emissions amounted to approximately 4.58 tonnes in 2023, a new low since 1990, and 30% lower compared with 2005 and 2014. It is also about a quarter of the US level and 60% of the European Union level.

     

    Carbon intensity in 2023 was 0.012 kg CO2-e per Hong Kong dollar GDP, about 46% lower than that in 2005.

     

    Electricity generation continued to be the major source of emissions, generating 61% of total emissions in 2023. Other major emission sources were transport, accounting for 18% of the total, and waste management, which accounted for 8%.

    MIL OSI Asia Pacific News

  • MIL-OSI: ZA Miner Launches Free Cloud Mining Platform, Helping Users Earn Passive Income While Empowering Bitcoin and Dogecoin Enthusiasts in 2025

    Source: GlobeNewswire (MIL-OSI)

    Generate passive income through Zaminer’s cloud mining service.

    TBC, April 17, 2025 (GLOBE NEWSWIRE) — ZA Miner, a leading cloud mining provider, is excited to announce the launch of its free cloud mining platform, enabling Bitcoin (BTC) and Dogecoin (DOGE) enthusiasts worldwide to participate in crypto mining without any upfront investment or the need for expensive hardware.

    Innovating Cloud Mining for Global Access

    In response to the growing interest in cryptocurrency, ZA Miner is dedicated to making mining more inclusive. Unlike traditional methods that require costly equipment, ZA Miner’s cloud-based platform allows users to mine Bitcoin, Dogecoin, and Litecoin (LTC) effortlessly, without the need for hardware or high electricity costs. This model aligns with global pro-crypto policies and addresses the demand for accessible mining opportunities.

    Why Choose ZA Miner’s Free Cloud Mining Platform?

    ZA Miner operates from Middlesex, UK, leveraging energy-efficient mining facilities in regions like Kazakhstan and Iceland. These strategic locations optimize mining efficiency and sustainability, allowing the company to deliver a low-cost, high-output service to its users.

    By offering a risk-free mining experience, ZA Miner eliminates the technical barriers typically associated with crypto mining. New users are provided with a $100 free mining contract, enabling them to explore cloud mining without any financial commitment. For those looking to enhance their mining experience, ZA Miner also offers flexible contract options tailored to various investment goals.

    Flexible mining contracts from ZA Miner cater to all experience levels.

    Key Features of ZA Miner’s Cloud Mining Platform:

    • Free Mining Package – New users receive a $100 bonus to start mining immediately.
    • No Hardware Needed – Mine Bitcoin, Dogecoin, and Litecoin with no expensive equipment.
    • Daily Payouts – Earn consistent passive income with automatic distributions.
    • No Electricity Costs – Cloud infrastructure removes the need for costly electricity.
    • UK-Based & Compliant – Fully regulated to ensure credibility and security.
    • Robust Security – SSL encryption and DDoS protection safeguard user data and transactions.
    • Affiliate Program – Earn commissions by referring new users to the platform.

    Getting Started with ZA Miner

    • Sign Up – Register with an email address.
    • Claim Free Contract – Start mining with the $100 free contract.
    • Upgrade to Premium – Choose from various plans for higher earnings.

    As cryptocurrency adoption accelerates, ZA Miner is redefining access to cloud mining. By offering a risk-free entry point and competitive contracts, ZA Miner is empowering individuals to engage in the digital economy with ease and confidence.

    For more information, visit www.zaminer.com or follow ZA Miner on Twitter @zamining and YouTube @Zaminers.

    Media Contact:
    SHEIKH, Anisah Fatema
    ZA FUNDINGS LTD
    info@zaminer.com
    https://www.zaminer.com/

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/3738e78d-c1a7-41c7-b8c4-7b7c6f10edfe

    https://www.globenewswire.com/NewsRoom/AttachmentNg/9fba6dee-4df6-44b7-9b1f-9a3c87ce8a84

    The MIL Network

  • MIL-OSI Russia: Digital Innovations: GUU took part in the strategic session of the RosGeoTech PIS

    Translartion. Region: Russians Fedetion –

    Source: State University of Management – Official website of the State –

    The State University of Management took part in a strategic session dedicated to the implementation of the Development Program of the Advanced Engineering School “RosGeoTech”.

    The meeting took place at the Grozny State Oil Technical University named after Academician M.D. Millionshchikov.

    The discussion was attended by the rector of the State University of Management Vladimir Stroyev, the vice-rector Maria Karelina, the rector of the State Petroleum Technical University Magomed Mintsayev, the head of the RosGeoTech PISh Andrey Luzhetsky, the first vice-rector Ibragim Gayrabekov, the vice-rector for research work Magomed Saidumov and other representatives of the partner universities and the project team.

    The agenda included discussions on the implementation of the main directions of the RosGeoTech PISh Program for 2025 and ways to achieve target indicators, indicators, and project effectiveness.

    Vladimir Stroyev noted that the RosGeoTech PISh solves problems not only in the interests of universities, but also reflects the most important national priorities. Despite serious competition, the school demonstrates high efficiency and remains promising.

    Rector of GGNTU Magomed Mintsaev noted that large-scale work had been carried out over the past year, which resulted in the school’s status being raised and transferred to the second group, with a grant of over 210 million rubles being received.

    Andrey Luzhetskiy emphasized that the achieved results are the result of the team’s joint work. The project has proven its viability and potential for scaling.

    During the session, an agreement was also signed on the creation of a special educational space – the ABRIS laboratory of digital innovations in industry.

    After the strategic session, representatives of the State University of Management and GGNTU met with students of the Advanced Engineering School “RosGeoTech”, where they told the children about their opportunities for growth and development within the framework of the Advanced Engineering School, answered their questions and wished the children success.

    Then the PISH team went to the Institute of Oil and Gas of the GGNTU named after academician M.D. Millionshchikov, where they were shown the results of the work on creating new special educational spaces within the framework of the Advanced Engineering School “RosGeoTech”.

    Let us recall that the RosGeoTech PISh project is being implemented by the State University of Management and the State Petroleum Technological University named after academician M.D. Millionshchikov in active cooperation with industrial partners PJSC NK Rosneft, JSC Grozneftegaz, JSC Chechenneftekhimprom, LLC NTC ZERS and others.

    Subscribe to the TG channel “Our GUU” Date of publication: 04/17/2025

    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

  • MIL-OSI New Zealand: Release: Inflation rises and families feel the squeeze

    Source: New Zealand Labour Party

    Inflation is rising again and it’s landing hardest on families already stretched thin.

    “For the second time this week, families already stretched by rising costs are hit with the news that prices are going up again,” Labour finance and economy spokesperson Barbara Edmonds said.

    “It’s not just grocery prices that are high, it’s rates and rents too.”

    On Tuesday, figures from Stats NZ showed food prices up 3.5 percent over the past year, with butter up a staggering 64 percent, milk up 16 percent, and meat up more than five percent. Now, new figures show that inflation is up across the board, including rates which have gone up 12.2 percent and rent, up 3.7 percent.

    “With the shift to final year fees-free, prospective students are also being hit with a 22.6 percent increase in the cost to study right now. Coupled with rents and food prices, it’s a particularly hard time to be a student,” Barbara Edmonds sai

    “The Government has spent billions on tax cuts but made life more expensive for people at the same time. The small amount each week is quickly eaten up by rising costs.

    “They scrapped free prescriptions, cancelled half-price public transport, and chose not to lift the minimum wage in line with inflation. These are their choices, and it’s made life harder for New Zealanders.

    “Nicola Willis also won’t say if she’s about to cut the Best Start or Winter Energy Payments. These are vital safety nets which help new parents pay the bills and older New Zealanders heat their homes in winter.

    “These price hikes occurred before U.S. tariffs hit and there’s a lot of uncertainty ahead. Families need reassurance and real support, not more cuts and complacency,” Barbara Edmonds said.


    Stay in the loop by signing up to our mailing list and following us on FacebookInstagram, and X.

    MIL OSI New Zealand News

  • MIL-Evening Report: In the trade war, China has moved to curb supply of critical minerals. Can Australia seize the moment?

    Source: The Conversation (Au and NZ) – By Marina Yue Zhang, Associate Professor, Technology and Innovation, University of Technology Sydney

    China has placed curbs on exports of rare germanium and gallium which are critical in manufacturing. Shutterstock

    In the escalating trade war between the United States and China, one notable exception stood out: 31 critical minerals, including rare earth elements, were strategically exempted from tariffs.

    This was not a gesture of goodwill. It was a tacit acknowledgment of the United States’ deep dependence on China for materials essential to its technological competitiveness, clean energy transition and national defence.

    Beijing’s response was swift and calculated. China’s Ministry of Commerce announced expanded export controls and a shift in pricing principles. The move reflects China’s long-standing effort to shift rare earth pricing from market supply and demand to pricing based on their strategic value.

    The impact was immediate. Rare earth exports from China effectively ground to a halt, as exporters awaited approvals under a new, opaque licensing regime.

    The announcement prompted President Trump to issue a new executive order directing a review of national security risks stemming from the US reliance on imported, processed critical minerals.

    As global supply chains reel from these disruptions, Australia finds itself in a unique strategic position. As a trusted US ally, it possesses the resources, partnerships and political capital to step into the breach. But can Australia seize this opportunity – or will it come with strings attached?

    China’s new playbook

    China’s latest restrictions target seven rare earths – such as dysprosium and terbium – crucial for electric vehicles, wind turbines, fighter jets and missile systems.

    While stopping short of a full export ban, the policy functions as a chokepoint. It leverages China’s near-total global control of rare earth refining (around 90%) and its monopoly on heavy rare earth processing (98%).

    Domestically, China’s rare earth sector is dominated by two state-owned giants which together control nearly 100% of national mining quotas.

    These measures have exposed the vulnerability of Western supply chains. The US has only one operational rare earth mine – Mountain Pass in California – and minimal domestic refining capacity. A new processing facility in Texas owned by Australia’s Lynas is under development, but it will take years to establish a self-sufficient supply chain.

    Rare earths have become a source of contention in the tariff war.
    Shutterstock

    Europe faces similar challenges. While rare earths are vital to the EU’s green transition, domestic production remains limited. Efforts to diversify through partners like Australia and Canada show promise but are hindered by high production costs and continued reliance on Chinese technology.

    China is also working to redefine how rare earths are priced. One proposal would tie the value of key elements like dysprosium to the price of gold, elevating them from industrial inputs to geopolitical assets. Another would settle rare earth transactions in yuan rather than US dollars, advancing Beijing’s broader ambition to internationalise its currency.

    For China, this strategy goes beyond economics. It is a deliberate national resource policy comparable to OPEC’s management of oil, designed to link pricing to the strategic significance of critical minerals.

    Australia’s window?

    Investors
    are closely watching Australian producers. Strategic deposits such as Mt Weld in Western Australia have drawn renewed interest from Japan, Europe and the US.

    Industry observers argue Australia is better positioned than the US to develop secure supply chains, due to its rich geological endowment and transparent regulatory environment.

    To seize this opportunity, the government has begun to act.

    Under its Future Made in Australia initiative, the federal government is considering measures such as strategic stockpiling, production tax credits and expanded support for domestic processing. Iluka Resources has secured A$1.65 billion to build a rare earth refinery, due to be operational by 2026.

    Emerging projects like Browns Range and Lynas’s Malaysian refinery already serve as alternative nodes in the global rare earth supply chain network.

    However, structural barriers remain. The Western allies, including Australia, still lack key processing technologies and have potentially high environmental compliance costs. Lynas’s Texas plant was intended to expand allied capacity but has faced delays due to environmental approvals.

    Walking a diplomatic tightrope

    Geopolitical tensions add another layer of complexity. Australia’s dual role – as a major upstream supplier to China and a strategic ally of the US – places it on a diplomatic tightrope.

    Aligning too closely with the US could invite Chinese retaliation. Appearing overly aligned with China may provoke scrutiny from Washington.

    Ownership concerns are also rising. The government has blocked or forced divestment of Chinese stakes in rare earth and lithium companies including Northern Minerals.

    Market volatility compounds these challenges. Prices are currently buoyed by geopolitical risk, but have been volatile. Moreover, China’s ability to undercut global prices could erode the competitiveness of Australian exports.

    A strategic opportunity – but with strings attached

    Australia stands at the centre of a rare strategic inflection point. It is both a beneficiary of China’s retreat and a potential casualty of intensifying great power competition.

    In a world where resources confer influence, the question for Australia is not simply whether it has the mineral deposits but whether it has the strategy to match.

    If the government can capitalise on this moment – diversifying partnerships, investing in capabilities, and navigating allies and rivals with strategic care – it could emerge as a leader in a more diverse critical minerals landscape.

    In the era of mineral geopolitics, possessing the resources is no longer enough. The real test is whether Australia has the foresight and the will to lead.

    Marina Yue Zhang does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. In the trade war, China has moved to curb supply of critical minerals. Can Australia seize the moment? – https://theconversation.com/in-the-trade-war-china-has-moved-to-curb-supply-of-critical-minerals-can-australia-seize-the-moment-254574

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI USA: Cortez Masto, Wyden Call for Criminal Investigation into Evidence of Fraud by Promoters Affiliated with IRS Nominee Billy Long

    US Senate News:

    Source: United States Senator for Nevada Cortez Masto
    Former Congressman Billy Long, Trump Nominee for IRS Commissioner, Partnered with Promoters of Fraudulent “Tribal Tax Credits,” Other Tax Scams
    Washington, D.C. – U.S. Senator Catherine Cortez Masto (D-Nev.) and Senate Finance Committee Ranking Member Ron Wyden (D-Ore.) called for a criminal investigation into promoters involved in a tax evasion scheme selling investors fraudulent “tribal tax credits,” including firms that had close financial ties with former Congressman Billy Long, the Trump nominee for IRS Commissioner. 
    “As you are aware, the IRS recently confirmed to Senate Finance Committee investigators that these ‘tribal tax credits’ do not exist and that promoters of these credits could face civil and criminal penalties,” the Senators wrote. “It appears that White River Energy Corporation, like other promoters involved in this scheme, used the identity and image of Native American tribes without their knowledge to dupe investors into spending millions to purchase fake tax credits. Given IRS Commissioner nominee Billy Long’s direct financial ties to White River and other entities implicated in this scheme, we are concerned that if confirmed Long could undermine enforcement actions related to this fraudulent scheme.”
    In response to an inquiry by Democratic Finance Committee staff seeking to better understand the legal mechanisms under which White River and other promoters were able to buy and sell these tribal tax credits, the IRS said the following: 
    “We can confirm that these tax credits do not exist. Taxpayers who claim credits that don’t exist are subject to penalties and possible examination. Furthermore, promoters of these credits may be subject to civil or criminal penalties. The IRS reminds all taxpayers to be aware of tax scams and encourages taxpayers consult with a reputable tax advisor.”
    “Promoters engaged in fraudulent ‘tribal tax credits’ schemes must face criminal consequences,” the Senators continue. “The IRS must promptly investigate this matter to send the message that no one is above the law, regardless of whether they have powerful friends in high places.”
    Read the full letter here.
    Senator Cortez Masto has pushed multiple Departments under the Trump Administration for detailed, public information regarding the impacts of President Trump and Elon Musk’s chaotic actions on Nevada – including at the Department of the Interior, the U.S. Forest Service, the National Nuclear Security Administration, the Department of Veterans Affairs, Department of Agriculture, and General Services Administration. The Senator has also been a vocal opponent of many of Trump’s dangerous nominations to lead federal agencies.

    MIL OSI USA News

  • MIL-OSI Economics: Media release: QLD voters oppose Greens’ gas ban, back long-term role for gas: poll – Australian Energy Producers

    Source: Australian Petroleum Production & Exploration Association

    Headline: Media release: QLD voters oppose Greens’ gas ban, back long-term role for gas: poll – Australian Energy Producers

    A majority of voters in the key federal electorates of Brisbane, Griffith and Ryan believe that natural gas has a long-term role in the state’s energy mix and oppose the Greens’ policy to ban all new gas developments, new polling shows.

    A recent poll of over 2500 voters across the three electorates found that more than 80 per cent of voters see a role for gas in Queensland’s energy mix, with around 58 per cent citing a long-term role. More than 60 per cent of voters also believe the natural gas industry is important to the state’s economy.

    The JWS Research poll commissioned by Australian Energy Producers surveyed more than 800 voters in each of the electorates of Brisbane, Griffith and Ryan, held by Greens MPs Stephen Bates, Max Chandler-Mather and Elizabeth Watson-Brown respectively.

    The poll found that 58 of voters across the three seats oppose the Greens’ policy to ban all new gas projects in Australia, and only one in five support it. It also found 57 per cent support Queensland’s gas industry, and fewer than one in five don’t support the industry.

    Australian Energy Producers Chief Executive Samantha McCulloch said the results showed Queenslanders understood the critical role of gas for the state’s economic prosperity and energy security.

    “Queensland runs on natural gas, which provides 20 per cent of the state’s primary energy needs, contributes $25 billion a year to the state economy and supports more than 57,000 jobs across the state,” Ms McCulloch said.

    “Voters in these electorates understand the value of Queensland’s gas and LNG sector because they directly benefit from the sector’s investment. A recent study found Queensland’s gas industry spent $27.8 billion with 1,100 local businesses in the seats of Ryan, Griffith and Brisbane over the past 10 years, supporting 22,000 local jobs.”

    The poll also found that cost-of-living and energy affordability is the biggest issue for voters this election.

    “With cost-of-living pressures front of mind for Queenslanders this election, these results send a strong message to all candidates contesting this election about the importance of a strong Queensland gas sector to the state’s economic growth and energy security,” Ms McCulloch said.

    “Recent analysis by EnergyQuest found The Greens’ reckless energy policy to ban new gas projects would mean higher energy bills, increased risk of blackouts, and higher emissions as more coal and diesel would be needed to keep the lights on.”

    Key results of JWS Research polling in Brisbane, Griffith and Ryan 

    JWS conducted the poll on 8-9 April on behalf of Australian Energy Producers, with over 800 respondents in each electorate.

    Brisbane

    • 80% believe natural gas has a role in Queensland’s energy mix, with 54% citing long-term role. Only 6% saw no role.
    • 53% support the natural gas industry in Queensland, only 21% oppose.
    • 57% consider the natural gas industry important to the state’s economy. Only 12% consider it unimportant
    • 53% oppose the Greens’ policy to ban all new gas projects in Australia, with 23% neutral or undecided. Only 24% support the policy.
    • 31% ranked cost of living including energy affordability as the most important issue in deciding who to vote for in the upcoming election, followed by climate change and the environment (14%), the economy and jobs (12%) and housing supply and affordability (12%).

    Griffith

    • 78% believe natural gas has a role in Queensland’s energy mix, with 54% citing long-term role. Only 11% saw no role.
    • 53% support the natural gas industry in Queensland, only 24% oppose.
    • 56% consider the natural gas industry important to the state’s economy. Only 16% consider it unimportant
    • 54% oppose the Greens’ policy to ban all new gas projects in Australia, with 23% neutral or undecided. Only 24% support the policy.
    • 38% ranked cost of living including energy affordability as the most important issue in deciding who to vote for in the upcoming election, followed by hospitals, healthcare and ageing (16%), housing supply and affordability (11%) and the economy and jobs (11%).

    Ryan

    • 85% believe natural gas has a role in Queensland’s energy mix, with 66% citing long-term role. Only 6% saw no role.
    • 66% support the natural gas industry in Queensland, only 14% oppose.
    • 66% consider the natural gas industry important to the state’s economy. Only 7% consider it unimportant
    • 66% oppose the Greens’ policy to ban all new gas projects in Australia, with 21% neutral or undecided. Only 13% support the policy.
    • 35% ranked cost of living including energy affordability as the most important issue in deciding who to vote for in the upcoming election, followed by crime (18%), housing supply and affordability (16%), climate change and the environment (11%).

    Media contact: 0434 631 511

    MIL OSI Economics

  • MIL-OSI New Zealand: Enduring Pacific bonds reinforced

    Source: New Zealand Government

    A high-level delegation from across Parliament has reinforced New Zealand’s enduring bonds to the Pacific over the past week, Deputy Prime Minister Winston Peters says.
    “Our New Zealand Parliamentarians drawn from five political parties, across government and opposition, have spent time in Tonga, Hawaii, Fiji and Vanuatu connecting with our Pacific family,” Mr Peters says.
    “We live in challenging and uncertain times, and it is more important than ever that the Pacific works together towards a more secure, more prosperous and more resilient region.
    “This visit has helped us to gain a fresh understanding of priorities from right across the region, in Polynesia, Melanesia and Micronesia – and what more New Zealand can do to help.”
    Pacific Peoples, Science & Innovation, and Universities Minister Dr Shane Reti says higher education helps drive prosperity and, in tumultuous times, engenders understanding and tolerance.
    “We are working to ensure New Zealand’s science, innovation and university sectors contribute to Pacific development for mutual benefit,” says Dr Reti. 
    Climate Change and Energy Minister, Simon Watts says New Zealand’s Pacific neighbours are among the most vulnerable to the impacts of climate change.
    “We are committed to collaborating with Pacific nations to increase energy security to help deal with the effects of climate change,” says Mr Watts.
    Courts Minister Nicole McKee says the delegation benefited from engaging with a broad range of Pacific counterparts.
    “Forging new relationships and re-connecting with established partners has been productive for both the New Zealand delegation and our Pacific brethren,” says Mrs McKee.
    The other members of the delegation have been:

    Deputy Leader of the Opposition, Carmel Sepuloni;
    Chair of Foreign Affairs, Defence and Trade Committee, Tim van de Molen;
    Co-Chairs of the New Zealand-Pacific Interparliamentary Friendship Group, Teanau Tuiono and Jenny Salesa; and
    Chair of the Transport and Infrastructure Committee, Andy Foster.

    The delegation returns to New Zealand later today (17 April).

    MIL OSI New Zealand News

  • MIL-OSI USA: Unleashing American Energy: Rep. Pfluger Hosts EPA Regional Administrator and Rep. Fedorchak in Midland

    Source: United States House of Representatives – Congressman August Pfluger (TX-11)

    Unleashing American Energy: Rep. Pfluger Hosts EPA Regional Administrator and Rep. Fedorchak in Midland

    Midland, April 16, 2025

    MIDLAND, TX—Congressman August Pfluger (TX-11) hosted U.S. Environmental Protection Agency (EPA) Regional Administrator Scott Mason, and Congresswoman Julie Fedorchak (ND-At-large), a fellow member of the House Energy and Commerce Committee, in the Permian Basin for an oil and gas site visit and roundtable with producers, local leaders, stakeholders, and EPA officials.

    Following the site visit and producer roundtable, Rep. Pfluger also hosted a press conference to update the media on the efforts of the Trump Administration, Congress, and the EPA to cut the burdensome red tape the Biden Administration had previously imposed on the Permian Basin.

    Photos from the day are available for broadcast and distribution HERE.

    “Everything we do depends on energy dominance and the ability to produce affordable, reliable energy, and with President Trump back in office, the future of American energy has never been brighter,” said Rep. Pfluger. “It was an honor to bring everyone together today in Midland—the city that anchors the most important region, equipped and ready to solve many of the critical issues facing our nation. American energy dominance must be at the center of our national security strategy. This is why Congress will continue to work alongside the Trump administration and the EPA to ensure an energy future that embraces all forms of domestic production and recognizes the strategic importance of the Permian Basin.”

    “During my visit to the Permian Basin today, I heard over and over from energy companies of all sizes that they want common-sense regulations for emissions and wastewater,” said EPA Regional Administrator Scott Mason. “I look forward to working toward that goal, and appreciate Representative Pfluger’s leadership on these issues.”

    “The Permian Basin is key to America’s energy security, and visiting the region with Rep. Pfluger offered a valuable up-close perspective on the shared challenges our energy producers face. Much like in North Dakota, innovation and growth are being held back by one-size-fits-all federal regulations that lack common sense,” said Rep. Fedorchak. “It was encouraging to hear from EPA Region 6 Administrator Scott Mason, who assured us that the Trump administration’s EPA is committed to providing the certainty and clarity needed to unleash American energy. I appreciated the West Texas hospitality and look forward to showing him North Dakota’s energy leadership soon.”


    Check out these stories highlighting the day:

     

    Congressman August Pfluger brought together Environmental Protection Agency (EPA) officials and members of the House Energy and Commerce Committee to discuss the challenges and opportunities oil and gas producers are facing today.

    Federal energy and environmental policy leaders visited the Permian Basin to see oil and gas operations up close and hear directly from the people shaping the region’s energy future.

    Read the full story and watch coverage of the press conference here.

    Several government officials met with local groups and organizations at the Petroleum Club of Midland on Tuesday to discuss federal oil and gas regulations.

    Headed by U.S. Rep. August Pfluger, the group also consisted of Mayor Lori Blong, Environmental Protection Agency (EPA) Regional Administrator Scott Mason, U.S. Rep. Julie Fedorchak of North Dakota and key members of several Permian Basin trade organizations.

    Read the full story here.

    Congressman August Pfluger returned to the energy capital of West Texas on Tuesday to lead a roundtable discussion on oil and gas policy.

    Pfluger was joined by EPA Regional Administrator Scott Mason and North Dakota Congresswoman Julie Fedorchak for a site visit and stakeholder meeting in Midland.

    Read the full story and watch coverage of the press conference here.

    Joined by a congresswoman from North Dakota and the regional director of the U.S. Environmental Agency, Congressman August Pfluger said Tuesday that the Permian Basin has reached “a new era” of working with the federal regulatory agencies that beleaguered them during the Biden administration.

    Read the full story here.

    Representative August Pfluger visited the Permian Basin this afternoon alongside U.S. Environmental Protection Agency Regional Administrator Scott Mason, Congresswoman Julie Fedorchak (ND-At-large), as well as local oil and gas companies, and Midland Mayor Lori Blong.

    During the visit, all parties toured a Diamondback Energy oil rig, where they were shown the latest technology being used in its production. Following the tour, the leaders spoke about options to keep regulations at a minimum while also looking to keep oil operations as safe and clean as possible.

    Read the full story and watch coverage of the press conference here.

    MIL OSI USA News

  • MIL-OSI United Kingdom: British soldiers take down drone swarm in groundbreaking use of radio wave weapon

    Source: United Kingdom – Executive Government & Departments 3

    Press release

    British soldiers take down drone swarm in groundbreaking use of radio wave weapon

    British soldiers have successfully tracked, targeted and defeated swarms of drones in the latest trial of a new directed energy weapon developed in the UK.

    Radiofrequency Directed Energy Weapon demonstrator

    • UK-made, invisible radio wave weapon knocks out drone swarms for the first time.
    • Weapon has potential to help protect against drone threats as nature of warfare changes.
    • The project supports more than 135 highly skilled jobs across the UK.

    The trial was completed at a weapons range in West Wales and was the largest counter-drone swarm exercise the British Army have conducted to date.

    The weapon system demonstrator is a type of Radiofrequency Directed Energy Weapon (RF DEW) and has proven capable of neutralising multiple targets simultaneously with near-instant effect.

    The UK Government has invested more than £40 million in RF DEW research and development to date, supporting 135 highly skilled jobs in Northern Ireland and the South-East of England.

    It uses high frequency radio waves to disrupt or damage critical electronic components inside drones, causing them to crash or malfunction. 

    At an estimated cost of 10p per shot fired, if developed into operational service it could provide a cost-effective complement to traditional missile-based air defence systems. 

    RF DEW systems can defeat airborne targets at ranges of up to 1km and are effective against threats which cannot be jammed using electronic warfare.

    The successful trial comes as drone swarms are increasingly seen in use in frontline combat in Ukraine. UK Defence Intelligence estimates that last year Ukraine had to defend against attacks from more than 18,000 drones.

    With national security a foundation for the Plan for Change, the government is significantly increasing the proportion of MOD’s equipment procurement spend on novel technologies, spending at least 10% from 2025-26. It follows the announcement of the biggest sustained increase in defence spending since the end of the Cold War, as the UK will spend 2.5% of GDP on defence by April 2027.

    Minister for Defence Procurement and Industry, Rt Hon Maria Eagle MP, said:

    This significant experiment exemplifies the strength of British innovation – driven by our home-grown industry, technology firms and scientific talent. 

    We continue to strengthen our defence sector, adding more cutting-edge capabilities to keep the UK secure at home and strong abroad, while making defence an engine for growth across our towns and cities.

    The project has been delivered by Team Hersa – a collaboration between Defence Equipment & Support and the Defence Science and Technology Laboratory. The RF DEW demonstrator has been developed by an industry consortium led by Thales UK.

    Successful experiments included the Army taking down two swarms of drones in a single engagement, and the project saw more than 100 drones being tracked, engaged and defeated using the weapon across all trials.

    Sgt Mayers, a Senior Remotely-Piloted Air Systems Operator from 106 Regiment Royal Artillery, had the honour of being the first British soldier to bring down drones using a radiofrequency weapon.

    Sgt Mayers said:

    RF DEW is an exciting concept. We found the demonstrator quick to learn and easy to use. With improvements on range and power, which could come with further development, this would be a great asset to Layered Air Defence.

    Protecting national security is the foundation of the Government’s Plan for Change and the development of RF DEW systems could help to protect the UK from unidentified drones at security sensitive areas such as defence bases, and could play a role in preventing disruption at airports. 

    The RF DEW development supports the Defence Industrial Strategy – to support the UK defence industry in mobilising to help face down global threats and ensuring the sector is an engine for growth in every region and nation of the UK. The MOD is working with a range of industry partners to deliver powerful future RF DEW capabilities for UK forces.

    Thales, which led the development of the RF DEW demonstrator, employ around 100 highly skilled engineering and manufacturing staff in Northern Ireland on the project, and there are a further 30-35 highly skilled supply chain jobs in Chelmsford, Essex, that directly contribute to the development of the weapon demonstrator. 

    Nigel MacVean, MD of Thales Integrated Airspace-protection Systems, said: 

    Thales continues to be at the forefront of this pioneering technology, and we are proud to continue the research and development in this sector alongside our partners in Government.

    Updates to this page

    Published 17 April 2025

    MIL OSI United Kingdom