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Category: Energy

  • MIL-OSI: Kayne Anderson Energy Infrastructure Fund Provides Unaudited Balance Sheet Information and Announces Its Net Asset Value and Asset Coverage Ratios as of February 28, 2025

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, March 04, 2025 (GLOBE NEWSWIRE) — Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) (NYSE: KYN) today provided a summary unaudited statement of assets and liabilities and announced its net asset value and asset coverage ratios under the Investment Company Act of 1940 (the “1940 Act”) as of February 28, 2025.

    As of February 28, 2025, the Company’s net assets were $2.5 billion, and its net asset value per share was $14.60. As of February 28, 2025, the Company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 623% and the Company’s asset coverage ratio under the 1940 Act with respect to total leverage (debt and preferred stock) was 477%.

        STATEMENT OF ASSETS AND LIABILITIES
    FEBRUARY 28, 2025   // (UNAUDITED)
     
        (in millions)
    Investments   $ 3,473.8  
    Cash and cash equivalents     0.7  
    Accrued income     2.0  
    Other assets     1.0  
    Total assets     3,477.5  
         
    Credit facility     92.0  
    Notes     409.7  
    Unamortized notes issuance costs     (2.6 )
    Preferred stock     153.6  
    Unamortized preferred stock issuance costs     (1.3 )
    Total leverage     651.4  
         
    Other liabilities     16.2  
    Current tax liability, net     1.3  
    Deferred tax liability, net     340.2  
    Total liabilities     357.7  
         
    Net assets   $ 2,468.4  
         

    The Company had 169,126,038 common shares outstanding as of February 28, 2025.

    Long-term investments were comprised of Midstream Energy Companies (94%), Utility Companies (3%) and Other (3%).  

    The Company’s ten largest holdings by issuer at February 28, 2025 were:

          Amount
    (in millions)*    		 % Long Term
    Investments
    1. The Williams Companies, Inc. (Midstream Energy Company)   $359.2   10.3 %
    2. Energy Transfer LP (Midstream Energy Company)   358.7   10.3 %
    3. Enterprise Products Partners L.P. (Midstream Energy Company)   346.0   10.0 %
    4. MPLX LP (Midstream Energy Company)   332.1   9.6 %
    5. Cheniere Energy, Inc. (Midstream Energy Company)   261.9   7.5 %
    6. Kinder Morgan, Inc. (Midstream Energy Company)   211.9   6.1 %
    7. Targa Resources Corp. (Midstream Energy Company)   209.1   6.0 %
    8. ONEOK, Inc. (Midstream Energy Company)   204.0   5.9 %
    9. TC Energy Corporation (Midstream Energy Company)   175.7   5.1 %
    10. Western Midstream Partners, LP (Midstream Energy Company)   149.1   4.3 %
    * Includes ownership of common and preferred units.


    Portfolio holdings are subject to change without notice. The mention of specific securities is not a recommendation or solicitation for any person to buy, sell or hold any particular security. You can obtain a complete listing of holdings by viewing the Company’s most recent quarterly or annual report.

    Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NYSE. The Company’s investment objective is to provide a high after-tax total return with an emphasis on making cash distributions to stockholders. KYN intends to achieve this objective by investing at least 80% of its total assets in securities of Energy Infrastructure Companies. See Glossary of Key Terms in the Company’s most recent quarterly report for a description of these investment categories and the meaning of capitalized terms.

    This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of any securities in any jurisdiction in which such offer or sale is not permitted. Nothing contained in this press release is intended to recommend any investment policy or investment strategy or consider any investor’s specific objectives or circumstances. Before investing, please consult with your investment, tax, or legal adviser regarding your individual circumstances.

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This communication contains statements reflecting assumptions, expectations, projections, intentions, or beliefs about future events. These and other statements not relating strictly to historical or current facts constitute forward-looking statements as defined under the U.S. federal securities laws. Forward-looking statements involve a variety of risks and uncertainties. These risks include but are not limited to changes in economic and political conditions; regulatory and legal changes; energy industry risk; leverage risk; valuation risk; interest rate risk; tax risk; and other risks discussed in detail in the Company’s filings with the SEC, available at www.kaynefunds.com or www.sec.gov. Actual events could differ materially from these statements or our present expectations or projections. You should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. Kayne Anderson undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Company’s investment objectives will be attained.

    Contact investor relations at 877-657-3863 or cef@kayneanderson.com.

    The MIL Network –

  • MIL-OSI Australia: Discover the art of lost trades this weekend

    Source: State of Victoria Local Government 2

    Lost arts, rare trades and heritage crafts will be on display at the popular Lost Trades Fair this long weekend, Saturday March 8 to Monday March 10, at the Bendigo Racecourse.

    Talented creators will be demonstrating and exhibiting skills daily, with artisans including armourers, blacksmiths, clock makers, stonemasons, leadlighters, candle makers, soap makers, leatherworkers, bridle makers, bookbinders, paper makers, coopers, wheelwrights, spinners, toy makers, rope makers and more.

    City of Greater Bendigo Manager Economy & Experience James Myatt said the bumper event has something for everyone.

    “The Lost Trades Fair provides a unique experience for attendees to get up close and see for themselves how things are made by hand,” James said.

    “Attendees can meet the makers, watch demonstrations, learn more about sustainability and purchase hand crafted items.

    “Little tradies can enjoy the fair too, with activities for children including puppet shows, carriage rides, dipping beeswax candles and making wooden toys.

    “Pre-ticket sales show attendees are travelling to Bendigo from all over Australia and internationally to attend the fair, which is great for our tourism and hospitality businesses as people plan to stay and make the most of all Bendigo has to offer.”

    Running alongside the Lost Trades Fair this year is Lost Feasts, a program showcasing the best of Australia’s first UNESCO Creative City of Gastronomy.

    Lost Feasts celebrates local produce, growers, producers, chefs, food makers, vignerons, brewers, distillers and restaurants in central Victoria, with a range of dinners and events throughout the weekend at local venues to enjoy.

    MIL OSI News –

  • MIL-OSI Australia: NSW Industry Policy to set ambitious new Local Manufacturing targets

    Source: New South Wales Premiere

    Published: 5 March 2025

    Released by: Minister for Industry and Trade

    The Minns Labor Government has today released the state’s first NSW Industry Policy to promote collaboration across industry, the innovation sector, and trade businesses, to give firms the confidence they need to invest and grow in NSW.

    Built around three connected missions – Housing, Net Zero & Energy Transition, and Local Manufacturing – the NSW Industry Policy sets out the Government’s approach to the NSW economy of the future.

    The policy will also set three ambitious new Local Manufacturing targets to position NSW manufacturing to capitalise on global market opportunities.

    The Minns Labor Government is committed to building a better NSW with a thriving and diversified economy, and the NSW Industry Policy will provide a clear strategic direction across all Government agencies and programs.

    This approach will ensure industry support is clear and consistent, driving investment to help build a productive and resilient economy fit for the future.

    This first-of-a-kind policy, consolidates actions from the private sector, research institutions, and Government agencies to help address some of the most significant current and future challenges facing the state.

    The NSW Industry Policy was informed by extensive consultation with industry peak bodies, academia, and engagement with NSW Government agencies.

    It consolidates targets across numerous government initiatives and identifies key sectors to enable success across all industries.

    The Minns Labor Government will use regulation, procurement, planning, strategic land use, and infrastructure building to help drive change.

    The Government will also partner with industry and other stakeholders to deliver on skills and education, innovation and technology, and trade and investment, to help ensure the policy’s success. 

    A thriving economy in NSW benefits everyone, creates more and better jobs, improves the way we make and do things, and grows the prosperity and wellbeing of the people of NSW.

    Key to this is a diversified industry base and protecting our economy from future shocks which the three central missions will help address.

    Mission 1: NSW residents have access to safe, secure, affordable, well-designed and sustainable housing

    Housing affordability and availability has become one of the state’s biggest challenges.

    Due to the Liberal-National decade of delay, housing supply has not kept up with demand, contributing to increased pressure on prices and rents.

    To improve productivity and sustainability, put downward pressure on construction costs, and increase supply, the Minns Labor Government will focus on increasing the uptake of advanced technologies and innovation in the production and use of sustainable building materials.

    Innovative methods, including modular construction and the potential use of automation and robotics, will help the delivery of new homes.

    The Minns Labor Government is investing more than $8.5 billion to address the housing challenge through investment in social housing and homelessness services, planning reforms, and housing-enabling infrastructure and rental housing.

    Mission 2: NSW is a globally competitive clean energy, sustainable and low carbon economy

    NSW has the potential be a leading force in the global net zero economy, including through our abundance of critical minerals, which are essential components of clean energy and low carbon technologies.

    Developing sustainable industries that export goods and services to other decarbonising markets is critical to offsetting the decline in carbon-intensive industries.

    Renewable fuels are one opportunity for NSW to reduce emissions in hard-to-abate industries such as freight, while contributing to fuel security and growing regional NSW economies.

    The progression of a commercial green hydrogen sector would also produce low-emissions products and fuels for domestic trade purposes.

    The Minns Labor Government invested $3.5 billion in Climate Change and Energy initiatives in the 2024-25 Budget, including $3.1 billion in NSW’s Renewable Energy Zones, getting more clean energy into the grid while creating secure jobs for communities across the state.

    Mission 3: NSW is a dynamic and resilient economy supported by local manufacturing

    Manufacturing declined nationally over the past two decades.

    NSW manufacturers face significant challenges, including high costs and weak supply chains.

    In light of these challenges, growing local manufacturing will require NSW to leverage its comparative advantages including its skilled workforce, infrastructure, and abundant resources.

    In order to combat these challenges, the Minns Labor Government has set three new Local Manufacturing targets:

    Target 1: NSW Gross Value Added for manufacturing achieves real growth on average over the years to 2031.

    Target 2: NSW Gross Value Added for manufacturing achieves growth equal to, or greater than Gross State Product on average in the years between 2031 and 2040.

    Target 3: Achieve a 50% minimum local content target for future rolling transport stock by 2035.

    Advanced manufacturing technologies will also provide new opportunities for NSW to be globally competitive in complex and high-value products while NSW manufacturers can benefit from the global transition to net zero.

    Innovative new technologies in big data, artificial intelligence, quantum, virtual reality, and robotics are dramatically changing manufacturing processes, from design and prototyping to the actual fabrication of products.

    The Minns Labor Government has already committed over $600 million to drive investment in local manufacturing.

    This investment has helped manufacturing in NSW grow two consecutive years for the first time in two decades.

    Link to the NSW Industry Policy available here: https://www.investment.nsw.gov.au/why-nsw/resources/nsw-industry-policy/

    Quotes attributable to the Minister for Industry and Trade Anoulack Chanthivong:

    “The NSW Industry Policy details the Minns Labor Government’s vision and plans for the economic future of NSW and provides the strategic direction across all Government agencies and programs to drive industry investment.

    “This is a clear and stable policy approach to help guide private sector investment needed to increase jobs and productivity in NSW.

    “Addressing the housing crisis, supporting NSW through the transition to Net Zero, and growing our local manufacturing industry are among our key priorities.

    “NSW manufacturing grew in only two years in the 2010s under the previous Liberal-National Government.

    “With three new Local Manufacturing targets, we have demonstrated a real commitment to supporting local manufacturing to promote a dynamic, sustainable, and diversified economy.

    “We want to see a manufacturing industry that is innovative, productive, and boosts Australia’s sovereign capability.

    “Our ambition is clear: to build a better NSW and to make our state the most attractive place for people to live and work, and for local businesses to thrive.”

    Quotes attributable to State Secretary of the AMWU Brad Pidgeon:

    “This policy, particularly the three new Local Manufacturing targets, provides a huge boost for manufacturing workers right across the state.

    “We need an ambitious vision for and support for our local manufacturing industry and this policy provides just that.”

    Quotes attributable to NSW Head of Australian Industry Group Helen Waldron:

    “The NSW Industry Policy provides the certainty and clarity that NSW businesses need to thrive in our rapidly changing economy.

    “Having a clear, overarching strategic vision from the NSW Government provides NSW industry with the tools it needs to attract and grow investment supported by Government policy settings.”

    MIL OSI News –

  • MIL-OSI Canada: Enhancing safety and economic growth in the north

    Moving people to safety during an emergency is a key priority. That’s why Alberta’s government is investing $311 million over three years in Budget 2025 to increase emergency route capacity for residents in northern Alberta. This will provide new and better options to escape dangerous situations, like wildfires, that require people to evacuate from their homes. If passed, Budget 2025 will improve access to and from northern cities and communities and unlock more economic opportunity, opening up the resource-rich north and building a stronger, freer Alberta.

    “Wildfires underscore the need for more emergency egress routes. That’s why we are starting detailed design work to extend Highway 686 between Peerless Lake and Fort McMurray, creating a new emergency route for northern residents and a new east-west economic corridor in this resource-rich part of Alberta.”

    Devin Dreeshen, Minister of Transportation and Economic Corridors

    “These investments make it clear how important northern Alberta is to Alberta’s government. These infrastructure projects will boost safety and economic corridors, especially for people in the Fort McMurray and Lac La Biche region, and better connect Indigenous communities.”

    Brian Jean, Minister of Energy and Minerals

    Budget 2025 includes detailed design work to extend Highway 686 between Peerless Lake and Fort McMurray, adding a new egress route and providing new capacity for the movement of energy products, heavy equipment and the delivery of goods and services to communities in the region. The new Highway 686 alignment will extend the highway by 218 kilometres, creating a new east-west highway link to connect northern Alberta communities and to support economic development across the region.

    “For years, our Nation has fought for better road access, knowing how critical it is for our safety, mobility and economic future. The province’s enhanced funding for the Highway 686 corridor – especially for paving the road from Red Earth Creek all the way to Trout Lake – is a direct and positive response to our advocacy and our Nation’s needs. We recognize the steps Alberta has taken to work with us as meaningful partners and beneficiaries in this process. These investments have the potential to transform lives in Peerless Trout First Nation, and as this spirit of collaboration continues and strengthens, even greater opportunities can unfold for our people.”

    Chief Gilbert Okemow, Peerless Trout First Nation

    “With these latest investments in Highway 686, the Province of Alberta is demonstrating that major infrastructure projects can be developed in true partnership with First Nations. The province has heard our Nations’ voices and has been engaged early and meaningfully, and that is what will ensure this project benefits our communities, our people and future generations. We look forward to continuing to play a leadership role, knowing that this approach – one that respects our rights and prioritizes our leadership and direct involvement – will be key to its long-term success.”

    Chief Ivan Sawan, Loon River First Nation

    “The Highway 686 project is moving in the right direction because it is being shaped by First Nations, not just around us, but with us. The province has shown a willingness to work with our Nations in a way that prioritizes our involvement and our ability to directly benefit from the work ahead. That approach must continue, because when our people are full participants in infrastructure projects like this, we don’t just see roads being built – we see opportunities being created for generations to come.”

    Chief Andy Alook, Bigstone Cree Nation

    “Major projects in traditional territories must balance responsible development with respect for the land and the people who live with it. I appreciate the province’s collaborative commitment to work with First Nations to develop the Highway 686 corridor. This funding announcement is an important step forward. We expect to see tremendous benefits – not just in improved access but in long-term economic development opportunities for our Nations.”

    Chief Raymond Powder, Fort McKay First Nation

    “Investing in Highway 686 is a game-changer for Fort McMurray and the entire northern region. This project will enhance safety for our residents by improving emergency access and unlocking new economic opportunities. I’m proud to see our government taking real action to strengthen our communities and build a more connected and resilient northern Alberta.”

    Tany Yao, MLA, Fort McMurray-Wood Buffalo

    Budget 2025 also proposes funding over three years for engineering work for grade, base and paving of about 61.7 kilometres of the north-south segment of Highway 686 near Red Earth Creek and Peerless Lake in Peerless Trout First Nation, with additional funding over three years to pave more than 27 kilometres between Peerless Lake and Trout Lake.

    If passed, Budget 2025 will also invest in a number of other highway projects that are underway or in the planning phase, including $101 million for twinning Highway 63, north of Fort McMurray, between Mildred Lake and the Peter Lougheed Bridge. This will increase emergency route capacity and support economic growth throughout northern Alberta. Detailed design work on the new bridge continues, as well as consultations with local Indigenous communities.

    Additionally, $141 million over three years would be invested in safety upgrades to Highway 881, from just south of Fort McMurray to Lac La Biche. The improvements include 14 new passing lanes, an oversize load staging area and several intersection upgrades. Construction is expected to take three to four years and be completed by fall 2028.

    Finally, $7 million over three years would be provided to plan an extension to Highway 956 from La Loche in Saskatchewan to Fort McMurray, providing an additional route to and from the Wood Buffalo region. Planning will commence in 2025 and is anticipated to be complete in the 2026-2027 fiscal year. Design is expected to take about three years to complete.

    Budget 2025 is meeting the challenge faced by Alberta with continued investments in education and health, lower taxes for families and a focus on the economy.

    Quick Facts

    • Budget 2025 invests $8.5 billion over three years in Transportation and Economic Corridors’ Capital Plan, a $333.7 million increase compared with Budget 2024 that includes:
      • $2.6 billion in Capital Investment for planning, design and construction of roads and bridges.
      • $1.7 billion in Capital Maintenance and Renewal for highway and bridge rehabilitation projects.
      • $240.1 million for water management and flood.
      • $3.9 billion for Capital Grants to Municipalities. 

    MIL OSI Canada News –

  • MIL-OSI Economics: Phillips 66 to speak at Piper Sandler 25th Annual Energy Conference

    Source: Phillips

    HOUSTON–(BUSINESS WIRE)– Mark Lashier, chairman and CEO of Phillips 66 (NYSE: PSX), will participate in a fireside chat at the Piper Sandler 25th Annual Energy Conference at 1:50 p.m. ET on Tuesday, March 18, 2025.
    Lashier will discuss the company’s plans to continue advancing strategic priorities across its segments to deliver shareholder value and maintaining its ongoing commitment to disciplined capital allocation.
    To access the webcast, go to the Events and Presentations section of the Phillips 66 Investors site, phillips66.com/investors. A replay will be archived on the Events and Presentations page the day after the event, and a transcript will be available at a later date.
    About Phillips 66
    Phillips 66 (NYSE: PSX) is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company’s portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com or follow @Phillips66Co on LinkedIn.

    Source: Phillips 66

    MIL OSI Economics –

  • MIL-OSI: Eos Energy Secures Strategic Naval Base San Diego Project to Strengthen U.S. National Security with American-Made Energy Storage

    Source: GlobeNewswire (MIL-OSI)

    EDISON, N.J., March 04, 2025 (GLOBE NEWSWIRE) — Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (“Eos” or the “Company”), America’s leading innovator in designing, manufacturing, and providing zinc-based long duration energy storage systems sourced and manufactured in the United States, today announced an $8 million standalone BESS order for the Naval Base of San Diego. Fully funded by a grant from the California Energy Commission (CEC), this order highlights Eos’ critical role in supporting U.S. national security infrastructure with American-made energy storage.

    This strategic project will provide essential energy resilience to the U.S. Navy’s western fleet, enhancing operational reliability and supporting mission-critical functions that strengthen the country’s national security. The order also signifies Eos’ commitment to improving grid resilience in the state of California and marks the ongoing expansion of the Company’s valued partnership with the CEC.

    “Partnering with the CEC to deliver energy resilience to a key naval installation is a direct reflection of our mission to advance American energy independence and support the country’s most critical functions,” said Justin Vagnozzi, Senior Vice President of Global Sales at Eos Energy. “We are incredibly proud to contribute to the Navy’s mission and provide vital infrastructure for our armed forces with a safe, secure, and American-made technology.”

    The project will be powered by Eos Z3™ Cubes, which are renowned for their safety, non-flammable chemistry, and low operational costs due to the absence of cooling system requirements. Manufactured in Turtle Creek, Pennsylvania, the Z3 Cubes benefit from Eos’ predominantly U.S.-based supply chain, reinforcing the Company’s commitment to domestic manufacturing and job creation.

    This order follows Eos’ recent successful announcements across the defense and energy sectors, including the recently announced standalone storage order with International Electric Power and the CEC to support Marine Corps Base Camp Pendleton in San Diego County. Eos deployment of American-made energy storages systems is essential not just for military resilience but also plays a key role in fortifying the U.S. against global energy disruptions and securing the nation’s energy independence.

    About Eos Energy Enterprises

    Eos Energy Enterprises, Inc. is accelerating the shift to American energy independence with positively ingenious solutions that transform how the world stores power. Our breakthrough Znyth™ aqueous zinc battery was designed to overcome the limitations of conventional lithium-ion technology. It is safe, scalable, efficient, sustainable, manufactured in the U.S., and the core of our innovative systems that today provides utility, industrial, and commercial customers with a proven, reliable energy storage alternative for 3 to 12-hour applications. Eos was founded in 2008 and is headquartered in Edison, New Jersey. For more information about Eos (NASDAQ: EOSE), visit eose.com.

    Forward Looking Statements

    Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding our expected revenue, for the fiscal years December 31, 2025, our path to profitability and strategic outlook, statements regarding orders backlog and opportunity pipeline, statements regarding our expectation that we can continue to increase product volume on our state-of-the-art manufacturing line, statements regarding our future expansion and its impact on our ability to scale up operations, statements regarding our expectation that we can continue to strengthen our overall supply chain, statements regarding our expectation that our new comprehensive insurance program will provide increased operational and economic certainty, statements that refer to the delayed draw term loan with Cerberus, milestones thereunder and the anticipated use of proceeds, statements that refer to outlook, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are based on our management’s beliefs, as well as assumptions made by, and information currently available to, them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected.

    Factors which may cause actual results to differ materially from current expectations include, but are not limited to: changes adversely affecting the business in which we are engaged; our ability to forecast trends accurately; our ability to generate cash, service indebtedness and incur additional indebtedness; our ability to achieve the operational milestones on the delayed draw term loan; our ability to raise financing in the future; risks associated with the credit agreement with Cerberus, including risks of default, dilution of outstanding Common Stock, consequences for failure to meet milestones and contractual lockup of shares; our customers’ ability to secure project financing; the amount of final tax credits available to our customers or to Eos pursuant to the Inflation Reduction Act; the timing and availability of future funding under the Department of Energy Loan Facility; our ability to continue to develop efficient manufacturing processes to scale and to forecast related costs and efficiencies accurately; fluctuations in our revenue and operating results; competition from existing or new competitors; our ability to convert firm order backlog and pipeline to revenue; risks associated with security breaches in our information technology systems; risks related to legal proceedings or claims; risks associated with evolving energy policies in the United States and other countries and the potential costs of regulatory compliance; risks associated with changes to the U.S. trade environment; our ability to maintain the listing of our shares of common stock on NASDAQ; our ability to grow our business and manage growth profitably, maintain relationships with customers and suppliers and retain our management and key employees; risks related to the adverse changes in general economic conditions, including inflationary pressures and increased interest rates; risk from supply chain disruptions and other impacts of geopolitical conflict; changes in applicable laws or regulations; the possibility that Eos may be adversely affected by other economic, business, and/or competitive factors; other factors beyond our control; risks related to adverse changes in general economic conditions; and other risks and uncertainties.

    The forward-looking statements contained in this press release are also subject to additional risks, uncertainties, and factors, including those more fully described in the Company’s most recent filings with the Securities and Exchange Commission, including the Company’s most recent Annual Report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Further information on potential risks that could affect actual results will be included in the subsequent periodic and current reports and other filings that the Company makes with the Securities and Exchange Commission from time to time. Moreover, the Company operates in a very competitive and rapidly changing environment, and new risks and uncertainties may emerge that could have an impact on the forward-looking statements contained in this press release.

    Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

    The MIL Network –

  • MIL-OSI: Eos Energy Enterprises Strengthens Executive Leadership to Drive Growth in American-Made Energy Storage

    Source: GlobeNewswire (MIL-OSI)

    EDISON, N.J., March 04, 2025 (GLOBE NEWSWIRE) — Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (“Eos” or the “Company”), America’s leading innovator in designing, manufacturing, and providing zinc-based long duration energy storage (LDES) systems sourced and manufactured in the United States, today announced two leadership appointments that will further support its growth strategy and strengthen its market position. Effective March 5, 2025, Nathan Kroeker will transition from his current Chief Financial Officer role to become Eos’ Chief Commercial Officer. In conjunction with this strategic transition, the Company has appointed Eric Javidi as its new Chief Financial Officer, bringing extensive investing, operating and organizational leadership experience in the energy and energy infrastructure spaces.

    “Over the past two years, Nathan secured over $850 million in transformative financing, positioning Eos for significant operational expansion. His prior experience as CEO, where he successfully led an energy trading and marketing company operating assets like those of our customers, gives him a unique understanding of both the complexities of the industry and the evolving needs of customers,” said Joe Mastrangelo, Eos Chief Executive Officer. “Nathan’s background as Chief Financial Officer gives him a unique advantage in understanding both the financial and commercial landscapes of the industry, allowing him to create customer-centric solutions that are not only impactful, but also financially sustainable.”

    Kroeker will be responsible for expanding into new geographies, driving customer project financing, and ensuring that Eos’ offering is aligned with the diverse needs of its customer base. His expertise will help guide the Company’s growth by strengthening customer relationships and bankability, providing financing solutions, and positioning Eos as the preferred partner in long duration energy storage.

    “I am also very pleased to welcome Eric Javidi as our next Chief Financial Officer,” continued Mastrangelo. “Eric brings over 15 years of experience within the energy and energy infrastructure space, having held a variety of executive roles in both the public and private sectors. His extensive experience as a strategic leader will be invaluable as we scale our company. He has a proven track record of driving performance and growth through strategic decision making and tactical capital allocation decisions. His leadership will be crucial in maximizing profitability and shareholder value.”

    Javidi is an experienced executive with extensive industry experience having previously served as Managing Partner and Co-head of Kayne Anderson Capital Advisors, LP’s (“Kayne Anderson”) Energy Infrastructure strategy. In addition to his six years at Kayne Anderson, Javidi has served in C-suite executive roles for several public and private companies, including as the Chief Financial Officer of Archaea Energy, Inc. (NYSE: LFG) and CrossAmerica Partners LP (NYSE: CAPL), and as President and CEO of Southcross Holdings LP. Additionally, he has provided ongoing strategic consulting services to some of the world’s largest infrastructure private equity firms related to their energy transition investments and strategies. Javidi began his career as an investment banker at Lehman Brothers, Barclays and UBS and holds an MBA from Duke University.

    “These two appointments are vital to our continued success,” added Mastrangelo. “Nathan’s transition to Chief Commercial Officer and the addition of Eric as Chief Financial Officer bring two uniquely qualified executives to key roles in the Company. Together, they will lead our efforts to scale operations, profitability and achieving long-term strategic growth in American-made energy storage.”

    “I am thrilled to be part of such an innovative and dynamic team and organization,” said Javidi. “With the energy storage market rapidly evolving to longer duration storage, Joe’s leadership and ability to execute, in addition to the world-class strategic partnership with Cerberus, it couldn’t be a more exciting time to join Eos. I look forward to leveraging my experience to support the Company’s growth, drive value creation and help position Eos for both near-term and long-term success. With Nathan in his new role as Chief Commercial Officer, Eos is poised to enhance both our financial strength and our customer focused approach as we expand our domestic and international footprint and deliver industry-leading solutions.”

    This leadership change comes at a pivotal time as Eos continues to focus on expanding its presence in the fast-growing long duration energy storage market that require increased access to financing options that enable customers to adopt innovative technologies with greater ease and accessibility.

    About Eos Energy Enterprises

    Eos Energy Enterprises, Inc. is accelerating the shift to American energy independence with positively ingenious solutions that transform how the world stores power. Our breakthrough Znyth™ aqueous zinc battery was designed to overcome the limitations of conventional lithium-ion technology. It is safe, scalable, efficient, sustainable, manufactured in the U.S., and the core of our innovative systems that today provides utility, industrial, and commercial customers with a proven, reliable energy storage alternative for 3 to 12-hour applications. Eos was founded in 2008 and is headquartered in Edison, New Jersey. For more information about Eos (NASDAQ: EOSE), visit eose.com.


    Forward-Looking Statements

    Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding our expected revenue, for the fiscal years December 31, 2025, our path to profitability and strategic outlook, statements regarding orders backlog and opportunity pipeline, statements regarding our expectation that we can continue to increase product volume on our state-of-the-art manufacturing line, statements regarding our future expansion and its impact on our ability to scale up operations, statements regarding our expectation that we can continue to strengthen our overall supply chain, statements regarding our expectation that our new comprehensive insurance program will provide increased operational and economic certainty, statements that refer to the delayed draw term loan with Cerberus, milestones thereunder and the anticipated use of proceeds, statements that refer to outlook, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are based on our management’s beliefs, as well as assumptions made by, and information currently available to, them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected.

    Factors which may cause actual results to differ materially from current expectations include, but are not limited to: changes adversely affecting the business in which we are engaged; our ability to forecast trends accurately; our ability to generate cash, service indebtedness and incur additional indebtedness; our ability to achieve the operational milestones on the delayed draw term loan; our ability to raise financing in the future; risks associated with the credit agreement with Cerberus, including risks of default, dilution of outstanding Common Stock, consequences for failure to meet milestones and contractual lockup of shares; our customers’ ability to secure project financing; the amount of final tax credits available to our customers or to Eos pursuant to the Inflation Reduction Act; the timing and availability of future funding under the Department of Energy Loan Facility; our ability to continue to develop efficient manufacturing processes to scale and to forecast related costs and efficiencies accurately; fluctuations in our revenue and operating results; competition from existing or new competitors; our ability to convert firm order backlog and pipeline to revenue; risks associated with security breaches in our information technology systems; risks related to legal proceedings or claims; risks associated with evolving energy policies in the United States and other countries and the potential costs of regulatory compliance; risks associated with changes to the U.S. trade environment; our ability to maintain the listing of our shares of common stock on NASDAQ; our ability to grow our business and manage growth profitably, maintain relationships with customers and suppliers and retain our management and key employees; risks related to the adverse changes in general economic conditions, including inflationary pressures and increased interest rates; risk from supply chain disruptions and other impacts of geopolitical conflict; changes in applicable laws or regulations; the possibility that Eos may be adversely affected by other economic, business, and/or competitive factors; other factors beyond our control; risks related to adverse changes in general economic conditions; and other risks and uncertainties.

    The forward-looking statements contained in this press release are also subject to additional risks, uncertainties, and factors, including those more fully described in the Company’s most recent filings with the Securities and Exchange Commission, including the Company’s most recent Annual Report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Further information on potential risks that could affect actual results will be included in the subsequent periodic and current reports and other filings that the Company makes with the Securities and Exchange Commission from time to time. Moreover, the Company operates in a very competitive and rapidly changing environment, and new risks and uncertainties may emerge that could have an impact on the forward-looking statements contained in this press release.

    Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

    The MIL Network –

  • MIL-OSI: Eos Energy Enterprises Meets 2024 Revised Revenue Guidance and Reports Fourth Quarter & Full-Year 2024 Financial Results; Reaffirms 2025 Revenue Guidance

    Source: GlobeNewswire (MIL-OSI)

    • Achieved Cerberus third tranche of operational performance milestones and secured final $40.5 million to fully fund $210.5 million Delayed Draw Term Loan
    • Closed $303.5 million loan guaranteed by the U.S. Department of Energy’s Loan Programs Office and secured first funding of $68.3 million
    • Secured $8 million standalone BESS order for Naval Base of San Diego to advance American energy independence
    • Grew customer orders backlog to $682 million, a 28% increase year over year
    • Launched Factory 2 Works with eight states responding to Requests for Proposals and multiple sites now shortlisted
    • Reiterates 2025 full-year revenue guidance range of $150 million – $190 million
    • Strengthened executive leadership, appointed current Chief Financial Officer, Nathan Kroeker to Chief Commercial Officer; welcomed new Chief Financial Officer, Eric Javidi, who brings extensive investing, operating and leadership experience within the energy and energy infrastructure spaces, along with a track record of success with high growth companies

    EDISON, N.J., March 04, 2025 (GLOBE NEWSWIRE) — Eos Energy Enterprises, Inc. (NASDAQ: EOSE) (“Eos” or the “Company”), America’s leading innovator in designing, manufacturing, and providing zinc-based long duration energy storage (LDES) systems sourced and manufactured in the United States, today announced its financial results for the fourth quarter and full-year ended December 31, 2024.

    Fourth Quarter Highlights

    • Revenue totaled $7.3 million, a 10% increase compared to the prior year and 749% increase compared to last quarter.
    • Gross loss of $23.5 million, consistent with prior year, on lower Z3 material costs offset by higher project execution costs related to commissioning and field operations.
    • Operating expenses totaled $28.2 million, a 52% increase compared to prior year, with 45% of the total representing non-cash items. Cash operating expenses remained relatively flat, with $8.5 million (or 88% of the increase over prior year) driven by non-cash items such as PP&E write offs and stock-based compensation expense as a result of a significant stock price increase.
    • Net loss attributable to shareholders of $268.1 million, largely driven by non-cash change in fair value tied to mark-to-market adjustments related to the Company’s increased December 31, 2024, stock price. Adjusted EBITDA loss of $44.6 million, a 20% increase compared to the prior year, driven by an increase in Gen 2.3 PP&E write offs and Cerberus debt issuance costs.
    • Total cash of $103.4 million, including restricted cash, as of December 31, 2024.
    • $14.4 billion commercial opportunity pipeline, a 9% increase from prior year, with a $682 million orders backlog, an increase of 16% compared to prior quarter and 28% compared to December 31, 2023.
    • Achieved SOX compliance by strengthening the Company’s internal controls, eliminating previously disclosed material weakness.

    Full-Year 2024 Highlights

    • Revenue totaled $15.6 million in line with the Company’s revised 2024 revenue guidance.
    • Gross loss of $83.3 million, a 13% increase compared to the prior year; lower Z3 material costs were more than offset by labor and overhead inefficiencies related to manual sub assembly and increased project execution.
    • Operating expenses totaled $91.9 million, a 16% increase compared to the prior year, with 29% of the total representing non-cash items. The year over year increase included $7.7 million in cash expenses which was primarily driven by strategic investments in sales, sourcing, software engineering, and controllership to position the Company for scaled growth.
    • Net loss attributable to shareholders of $685.9 million, largely driven by non-cash change in fair value tied to mark-to market adjustments stemming from the increase in stock price as of December 31, 2024. Adjusted EBITDA loss of $156.6 million.

    “Over the past 12 months the team delivered significant results. The organization brought the first state-of-the-art manufacturing line into full operation, reduced Z3 costs, increased commercial opportunity pipeline and orders backlog and secured two major financing investments with Cerberus and the Department of Energy,” said Joe Mastrangelo, Eos Chief Executive Officer. “These two critical proof points strongly validate our long-term strategy and capabilities, positioning the Company to scale with the growing demand for long-duration energy storage. With the announcement of Factory 2 Works and plans to order three additional manufacturing lines, Eos is now hyper-scaling its capacity expansion to secure larger orders and deliver for customers and shareholders.”

    2025 Outlook

    • For the full-year 2025, Eos expects to achieve revenue between $150 million and $190 million. This projected growth is expected to be driven by increased production volume on the Company’s first state-of-the-art manufacturing line as staged sub-assembly automation comes online.

    Recent Business Highlights

    Cerberus Strategic Investment
    As announced in January, Eos successfully achieved the third tranche of performance milestones previously agreed upon between Eos and an affiliate of Cerberus Capital Management LP (“Cerberus”) as part of their strategic investment in the Company. Meeting these performance milestones allowed the Company to access the final $40.5 million of the Delayed Draw Term Loan (DDTL), fueling ongoing operations and U.S. production expansion. The $210.5 million DDTL announced in June 2024 is now fully funded, driven by the Company consistently achieving key operational milestones related to the Company’s state-of-the-art manufacturing line, raw materials cost-out, Z3 technology performance improvement and customer cash conversion. The Company surpassed its January raw materials cost-out target by 6% while delivering manufacturing cycle times below 10 seconds and maintaining 98% first pass yield to further demonstrate continued operational efficiency and progress towards profitable growth.

    Commercial Growth & Bankability
    In the fourth quarter, the Company secured several key standalone storage orders including contracts with a municipal cooperative in Springfield Missouri, the U.S. Marine Corps Base at Camp Pendleton in San Diego and most recently the Naval Base of San Diego. Eos deployment of American-made energy storage systems is becoming increasingly vital, not only for enhancing military resilience but also for strengthening the U.S. against global energy disruptions and securing America’s energy independence.

    To drive further growth, the Company launched a comprehensive insurance program in partnership with Ariel Green, a division of Ariel Re, to enhance the bankability of the Company’s technology. These products include investment tax credit (ITC) and ITC recapture protections, along with contractual warranty and performance guarantee backstop coverage. Most recently, the Company also updated its standard warranty to a 3-year term with the option to extend to 5 or 10 years. These customer-focused solutions, combined with extensive third-party validations and a more robust Company balance sheet, provide greater risk mitigation, enhanced operational stability and increased economic certainty.

    Operational Capacity Expansion
    Demand for safe, multi-cycle, American-made energy storage has reached a level that requires significant capacity expansion. As announced in December 2024, the Company launched its search for Factory 2 Works, submitting Requests for Proposals (RFPs) to eight states, with multiple sites now shortlisted. In parallel, Eos is progressing with plans to procure three additional manufacturing lines, including sub-assemblies, battery manufacturing, and cube assembly to support 6 GWh of additional annualized manufacturing capacity. This expansion is a crucial step in scaling operations to meet the growing demand for reliable, high performance energy storage.

    The Company is expanding its first manufacturing line from 1.25 GWh to 2 GWh annualized capacity and continues to progress through Factory Acceptance Testing with its staged sub-assembly automation implementation. The Company expects full implementation to occur in the second and early third quarter, which is essential for increasing throughput and reducing labor and overhead costs.

    Earnings Conference Call and Webcast
    Eos will host a conference call to discuss its fourth quarter and full-year 2024 results on March 5, 2025, at 8:30 a.m. ET. The live webcast of the earnings call will be available on the “Investor Relations” page of the Company’s website at Eos Investors or may be accessed using this link (registration link). To avoid delays, we encourage participants to join the conference call fifteen minutes ahead of the scheduled start time.

    The conference call replay will be available via webcast through Eos’ investor relations website for twelve months following the live presentation. The webcast replay will be available from approximately 11:30 a.m. ET on March 5, 2025, and can be accessed by visiting Eos Investors.

    About Eos Energy Enterprises

    Eos Energy Enterprises, Inc. is accelerating the shift to American energy independence with positively ingenious solutions that transform how the world stores power. Our breakthrough Znyth™ aqueous zinc battery was designed to overcome the limitations of conventional lithium-ion technology. It is safe, scalable, efficient, sustainable, manufactured in the U.S., and the core of our innovative systems that today provides utility, industrial, and commercial customers with a proven, reliable energy storage alternative for 3 to 12-hour applications. Eos was founded in 2008 and is headquartered in Edison, New Jersey. For more information about Eos (NASDAQ: EOSE), visit eose.com.

    Forward Looking Statements

    Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding our expected revenue, for the fiscal years December 31, 2025, our path to profitability and strategic outlook, statements regarding orders backlog and opportunity pipeline, statements regarding our expectation that we can continue to increase product volume on our state-of-the-art manufacturing line, statements regarding our future expansion and its impact on our ability to scale up operations, statements regarding our expectation that we can continue to strengthen our overall supply chain, statements regarding our expectation that our new comprehensive insurance program will provide increased operational and economic certainty, statements that refer to the delayed draw term loan with Cerberus, milestones thereunder and the anticipated use of proceeds, statements that refer to outlook, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are based on our management’s beliefs, as well as assumptions made by, and information currently available to, them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected.

    Factors which may cause actual results to differ materially from current expectations include, but are not limited to: changes adversely affecting the business in which we are engaged; our ability to forecast trends accurately; our ability to generate cash, service indebtedness and incur additional indebtedness; our ability to achieve the operational milestones on the delayed draw term loan; our ability to raise financing in the future; risks associated with the credit agreement with Cerberus, including risks of default, dilution of outstanding Common Stock, consequences for failure to meet milestones and contractual lockup of shares; our customers’ ability to secure project financing; the amount of final tax credits available to our customers or to Eos pursuant to the Inflation Reduction Act; the timing and availability of future funding under the Department of Energy Loan Facility; our ability to continue to develop efficient manufacturing processes to scale and to forecast related costs and efficiencies accurately; fluctuations in our revenue and operating results; competition from existing or new competitors; our ability to convert firm order backlog and pipeline to revenue; risks associated with security breaches in our information technology systems; risks related to legal proceedings or claims; risks associated with evolving energy policies in the United States and other countries and the potential costs of regulatory compliance; risks associated with changes to the U.S. trade environment; our ability to maintain the listing of our shares of common stock on NASDAQ; our ability to grow our business and manage growth profitably, maintain relationships with customers and suppliers and retain our management and key employees; risks related to the adverse changes in general economic conditions, including inflationary pressures and increased interest rates; risk from supply chain disruptions and other impacts of geopolitical conflict; changes in applicable laws or regulations; the possibility that Eos may be adversely affected by other economic, business, and/or competitive factors; other factors beyond our control; risks related to adverse changes in general economic conditions; and other risks and uncertainties.

    The forward-looking statements contained in this press release are also subject to additional risks, uncertainties, and factors, including those more fully described in the Company’s most recent filings with the Securities and Exchange Commission, including the Company’s most recent Annual Report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Further information on potential risks that could affect actual results will be included in the subsequent periodic and current reports and other filings that the Company makes with the Securities and Exchange Commission from time to time. Moreover, the Company operates in a very competitive and rapidly changing environment, and new risks and uncertainties may emerge that could have an impact on the forward-looking statements contained in this press release.

    Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

    Key Metrics

    Backlog. Our backlog represents the amount of revenue that we expect to realize from existing agreements with our customers for the sale of our battery energy storage systems and performance of services. The backlog is calculated by adding new orders in the current fiscal period to the backlog as of the end of the prior fiscal period and then subtracting the shipments in the current fiscal period. If the amount of an order is modified or cancelled, we adjust orders in the current period and our backlog accordingly, but do not retroactively adjust previously published backlogs. There is no comparable US-GAAP financial measure for backlog. We believe that the backlog is a useful indicator regarding the future revenue of our Company.

    Pipeline. Our pipeline represents projects for which we have submitted technical proposals or non-binding quotes plus letters of intent (“LOI”) or firm commitments from customers. Pipeline does not include lead generation projects.

    Booked Orders. Booked orders are orders where we have legally binding agreements with a Purchase Order (“PO”), or Master Supply Agreement (“MSA”) executed by both parties.

    Non-GAAP Financial Measures

    To provide investors with additional information regarding our financial results, we have disclosed in this earnings release non-GAAP financial measures, including adjusted EBITDA and adjusted EPS, which are non-GAAP financial measures as defined under the rules of the SEC. These non-GAAP financial measures should be considered supplemental to, not a substitute for, or superior to, the financial measures of the Company’s calculated in accordance with U.S. generally accepted accounting principles (“GAAP”). The Company believes adjusted EBITDA, and adjusted EPS are useful measures in evaluating its financial and operational performance distinct and apart from financing costs, certain non-cash expenses and non-operational expenses.

    We believe that non-GAAP financial information, when taken collectively may be helpful to our investors in assessing its operating performance. There are a number of limitations related to the use of these non-GAAP financial measures and their nearest GAAP equivalents. For example, the Company’s definitions of non-GAAP financial measures may differ from non-GAAP financial measures used by other companies. Below is a description of the non-GAAP financial information included herein as well as reconciliations to the most directly comparable GAAP measure. You should review the reconciliations below but not rely on any single financial measure to evaluate our business.

    Adjusted EBITDA is defined as earnings (net loss) attributable to Eos adjusted for interest expense, income tax, depreciation and amortization, non-cash stock-based compensation expense, change in fair value of debt and derivatives, debt extinguishment, and other non-cash or non-recurring items as determined by management which it does not believe to be indicative of its underlying business trends. Adjusted EPS is defined as GAAP net loss per common share as adjusted for non-cash stock-based compensation expense change in fair value of debt and derivatives and debt extinguishment per common share.

    EOS ENERGY ENTERPRISES, INC.
    CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
    (In thousands, except share and per share amounts)
      For the Years Ended December 31,
        2024       2023  
    Revenue $ 15,606     $ 16,378  
    Cost of goods sold   98,867       89,798  
    Gross profit (loss)   (83,261 )     (73,420 )
    Operating expenses      
    Research and development expenses   22,758       18,708  
    Selling, general and administrative expenses   60,047       53,650  
    Loss from write-down of property, plant and equipment   9,133       7,159  
    Total operating expenses   91,938       79,517  
    Operating loss   (175,199 )     (152,937 )
    Other (expense) income      
    Interest expense, net   (8,718 )     (18,770 )
    Interest expense – related parties   (19,499 )     (37,466 )
    Change in fair value of debt – related party   33,823       —  
    Change in fair value of warrants   (171,226 )     (24,980 )
    Change in fair value of derivatives – related parties   (405,388 )     9,983  
    Gain (loss) on debt extinguishment   68,478       (3,510 )
    Other expense   (8,120 )     (1,795 )
    Loss before income taxes $ (685,849 )   $ (229,475 )
    Income tax expense   21       31  
    Net loss attributable to shareholders $ (685,870 )   $ (229,506 )
    Accretion of Preferred Stock – related party   (278,330 )     —  
    Net loss attributable to common shareholders $ (964,200 )   $ (229,506 )
    Other comprehensive (loss) income attributable to common shareholders      
    Change in fair value of debt – credit risk – related party   (43,490 )     —  
    Foreign currency translation adjustment   (13 )     1  
    Comprehensive loss attributable to common shareholders $ (1,007,703 )   $ (229,505 )
    Basic and diluted loss per share attributable to common shareholders      
    Basic $ (4.55 )   $ (1.81 )
    Diluted $ (4.55 )   $ (1.81 )
    Weighted average shares of common stock      
    Basic   212,039,775       126,967,756  
    Diluted   212,039,775       126,967,756  
                   
    EOS ENERGY ENTERPRISES, INC.
    CONSOLIDATED BALANCE SHEET
    (In thousands)
      December 31,
        2024       2023  
    Balance sheet data      
    Cash and cash equivalents $ 74,292     $ 69,473  
    Other current assets   105,620       52,858  
    Property, plant and equipment, net   45,660       37,855  
    Other assets   34,746       26,306  
    Total assets   260,318       186,492  
    Total liabilities   842,085       297,292  
    Mezzanine equity – preferred stock   488,696       —  
    Total deficit   (1,070,463 )     (110,800 )
                   
    EOS ENERGY ENTERPRISES, INC.
    CONSOLIDATED STATEMENT OF CASHFLOWS
    (In thousands)
      December 31,
        2024       2023  
    Cash used in operating activities $ (153,936 )   $ (145,018 )
    Cash used in investing activities   (33,186 )     (29,461 )
    Cash provided by financing activities   205,834       227,918  
    Effect of foreign exchange on cash, cash equivalents and restricted cash   (17 )     5  
    Net increase in cash, cash equivalents and restricted cash   18,695       53,444  
    Cash, cash equivalents and restricted cash, beginning of year   84,667       31,223  
    Cash, cash equivalents and restricted cash, end of year $ 103,362     $ 84,667  
    EOS ENERGY ENTERPRISES, INC.
    RECONCILIATION OF NET LOSS TO EBITDA AND ADJUSTED EBITDA
    (In thousands)
        For the three months
    ended December 31,    		   For the twelve months
    ended December 31,
          2024       2023       2024       2023  
    Net loss   $ (268,124 )   $ (41,208 )   $ (685,870 )   $ (229,506 )
    add: Interest expense     5,248       8,565       28,217       56,236  
    add: Income tax expense     4       6       21       31  
    add: Depreciation and amortization     2,640       2,435       7,899       9,751  
    EBITDA loss     (260,232 )     (30,202 )     (649,733 )     (163,488 )
    add: Stock based compensation     7,840       3,934       18,780       14,057  
    add (deduct): Change in fair value of derivatives     244,877       (10,922 )     576,614       14,997  
    deduct: Change in fair value of debt     (37,099 )     —       (33,823 )     —  
    (deduct) add: (Gain) loss on debt extinguishment     —       —       (68,478 )     3,510  
    Adjusted EBITDA loss   $ (44,614 )   $ (37,190 )   $ (156,640 )   $ (130,924 )
     
    EOS ENERGY ENTERPRISES, INC.
    RECONCILIATION OF NET (LOSS) INCOME
    TO ADJUSTED NET (LOSS) INCOME PER SHARE
    (In thousands, except share and per share data)
      For the three months
    ended December 31,    		   For the twelve months
    ended December 31,
        2024       2023       2024       2023  
    Net loss attributable to common shareholders $ (481,516 )   $ (41,208 )   $ (964,200 )   $ (229,506 )
    add: Stock based compensation   7,840       3,934       18,780       14,057  
    add (deduct): Change in fair value of derivatives   244,877       (10,922 )     576,614       14,997  
    deduct: Change in fair value of debt   (37,099 )     —       (33,823 )     —  
    (deduct) add: (Gain) loss on debt extinguishment   —       —       (68,478 )     3,510  
    Adjusted net loss attributable to common shareholders   (265,898 )     (48,196 )     (471,107 )     (196,942 )
                   
    Basic and diluted loss per share attributable to common shareholders
    Basic $ (2.20 )   $ (0.25 )   $ (4.55 )   $ (1.81 )
    Diluted $ (2.20 )   $ (0.25 )   $ (4.55 )   $ (1.81 )
                   
    Basic and diluted adjusted loss per share attributable to common shareholders
    Basic $ (1.22 )   $ (0.29 )   $ (2.22 )   $ (1.55 )
    Diluted $ (1.22 )   $ (0.29 )   $ (2.22 )   $ (1.55 )
                   
    Weighted average shares of common stock              
    Basic   218,640,092       164,780,351       212,039,775       126,967,756  
    Diluted   218,640,092       164,780,351       212,039,775       126,967,756  

    The MIL Network –

  • MIL-OSI Submissions: Energy – Africa’s Oil & Gas Sector hires lobbying firm to push African issues in Washington and the Trump administration

    SOURCE: African Energy Chamber

    Stryk Global Diplomacy will coordinate efforts between African and U.S. players to attract greater investment across the African oil and gas value chain

    SANDTON, South Africa, March 4, 2025/ — The African Energy Chamber (AEC) (https://EnergyChamber.org) – representing the voice of the African energy sector – has enlisted international consulting firm Stryk Global Diplomacy (SGD) to support oil and gas engagement between the U.S. and Africa. This collaboration will not only ensure that Africa’s energy interests are effectively represented in U.S. legislative and policy discussions, but also aims to facilitate greater capital and technology injection by U.S. firms into African oil and gas projects.

    The strategic partnership will strengthen U.S. understanding of Africa’s vital role in enhancing global energy security, while fostering greater investment and cooperation. SGD will also advise the AEC on fostering a more inclusive and constructive approach to G20 energy dialogues in the lead-up to and during the African Energy Week (AEW): Invest in African Energies conference – taking place in Cape Town from September 29 to October 3, 2025. The collaboration will address ongoing challenges such as financing and policy issues that impact African oil and gas projects. Led by Founder and Chairman Robert Stryk, SGD offers strategic diplomatic solutions, making it a strong partner for the AEC as it works to accelerate energy development across the continent.

    “Africa needs to produce energy for its people, its development and meet global demand so we avoid volatile energy markets that hurt both American and African consumers,” stated Stryk. “Vilifying Africa’s energy industry – the economic engine of multiple nations – because it is based on fossil fuels, although the proportion of renewables is growing, is not justified. Africans need energy to fix energy poverty issues and spur economic growth. They should be allowed to make their own choices. Our firm will work to bring energy matters of Africans to the important decision markets globally.”

    As Africa’s oil and gas industry faces increasing pressure from climate groups and stringent Environment, Social and Governance (ESG) regulations, this collaboration will tackle critical challenges, with finance and climate policies being the most pressing. In recent years, regulations restricting oil and gas financing have limited Africa’s ability to develop its natural resources. Notably, the European Union has sought to reduce or eliminate funding for fossil fuel projects, while environmental organizations such as Greenpeace continue to oppose lending. Up to 11 European banks have cut access to financing for upstream oil and gas projects, despite rising demand across the EU and broader global economy.

    In this context, the U.S. – with its extensive network of major oil and gas companies and financial institutions – stands to play a key role. African national oil companies, indigenous firms, independents and international energy companies are struggling to secure the financing needed to develop new oil and gas projects and combat energy poverty. However, strengthened collaboration with the U.S. could reverse this trend. The U.S. is not only one of the world’s largest oil and gas producers but, under its new administration, is expected to have an increased presence in Africa’s energy sector. There are significant opportunities for U.S. oil and gas companies in Africa.

    In the oil sector, Africa’s mature producers including Angola, Libya and Nigeria are launching licensing rounds in 2025 to attract fresh investment in exploration projects. Emerging markets such as Senegal, Namibia and Ivory Coast are also seeking increased upstream investment following billion-barrel offshore discoveries. Countries like Gabon, Ghana, Equatorial Guinea and Algeria – some of the continent’s largest oil producers – are facing potential phase-out of finance and production, which could devastate these economies and leave their populations in the dark.

    Meanwhile, Africa’s natural gas sector, with over 620 trillion cubic feet of proven reserves, offers the promise of increased energy supplies and reduced emissions. With over 600 million lacking access to electricity and 900 million relying on traditional biomass for cooking, Africa’s energy future must be driven by pragmatic, Africa-centric solutions. As a cleaner-burning fuel, natural gas offers a sustainable pathway to industrialization and economic empowerment. Major projects like Mozambique’s Rovuma Basin developments, Senegal and Mauritania’s Greater Tortue Ahmeyim LNG, Tanzania LNG and the Republic of Congo’s Marine XII permit have the potential to transform the continent’s energy matrix, but more investment is needed to address energy poverty effectively.

    “Stryk is a super Lobbyist. He understands Africa and he gets results. He is adaptive and forward-thinking. He achieves results by building consensus. I am confident he is going to help give the African energy sector a voice in Washington,” stated NJ Ayuk, Executive Chairman of the AEC.

    “Given that 600 million people on the continent lack access to electricity and 900 million people lack access to clean cooking technologies, it’s impossible — even inhumane — to discuss climate change without addressing energy poverty. The notion that producing energy in Africa will lead to a ‘carbon bomb’ is misleading and ignores the critical need for energy access across the continent. Our partnership with SGD is a crucial step in ensuring U.S. policymakers understand the importance of oil and gas in Africa’s economic development. Energy poverty remains one of the biggest threats to Africa’s future, and we must work with partners who recognize that natural gas is not the problem – it is part of the solution,” concluded Ayuk.

    MIL OSI – Submitted News –

  • MIL-OSI Economics: Microsoft AI powers a new energy future

    Source: Microsoft

    Headline: Microsoft AI powers a new energy future

    Global energy leaders from the power and utilities, oil and gas, and mining sectors are turning to the power of data and AI for streamlined workflows, more efficient operating systems, and better performing assets—the types of changes that help companies to empower their people and grow sustainable business. We’re prioritizing this work with customers and partners because we believe that widespread AI adoption signifies a pivotal shift for the energy industry, with huge value to be gained from digital and AI transformation. But beyond the individual productivity and efficiency gains that AI brings for any single company or industry, it can help us collectively expand renewables, decarbonize the energy value chain, and ignite climate innovation—and that’s a win for everyone.  

    We look forward to participating in CERAWeek 2025 to connect with business leaders, policymakers, and entrepreneurs across the global energy ecosystem from March 10 to 14, 2025, where we’ll explore the theme of “Moving ahead: energy strategies for a complex world”. This year’s theme covers a variety of topics across energy sectors and technologies and will include deep dives into geopolitics, business strategies, AI transformation, and climate impact. 

    Microsoft at CERAWeek

    Power the new energy future with AI.

    AI innovation and digital transformation in energy 

    Across the energy ecosystem, AI-powered solutions are becoming the foundation of global success stories in which companies like Maaden save thousands of hours of worktime, while Aydem Energy boosts customer satisfaction with a digital assistant powered by Microsoft Azure OpenAI Sevice. Another one of our leading customers, JERA, Japan’s largest power generation company, uses Azure OpenAI to drive digital transformation. The collaboration helps JERA to access advanced AI tools and cloud infrastructure, facilitating innovation and the development of new energy solutions for energy performance management, failure prediction, and advanced maintenance, leading to significant cost savings and increased reliability. JERA’s Digital Power Plant (DPP) project is improving functionality in the areas of operations, maintenance, performance management and health, safety, security, and environment (HSSE), and helps promote innovation and workplace safety at power stations. As a result, the number of remote monitoring sites provided by the Global Data Analyzing Center increased by 25% last year, and the number of sites offering 24-hour services tripled. JERA also implemented a dedicated AI agent called Emily which is being used by 3,000 employees and in some cases, has achieved operational efficiencies of more than 90%. By utilizing AI and data analytics, JERA can make more informed decisions, improve energy management, and support Japan’s energy transition efforts.

    We’re eager to highlight these and other success stories at CERAWeek, where leaders from our energy, sustainability, cloud and AI, and security teams will share perspectives on the role of AI and digital technologies in the energy sector. For example, we will dive into sustainability topics such as carbon capture and emissions reduction, highlighting the many ways AI and cloud solutions are reshaping the energy landscape and driving net-zero goals across the energy value chain like Cosmo Energy who harnesses the power of Microsoft AI solutions to better analyze data and improve its ESG results. We’ll also discuss the latest learnings and opportunities around innovative services such as direct air capture and CO2 as a service.  

    Cybersecurity is another topic of increasing urgency, especially in the power and utilities sector. Throughout the week, we’ll discuss AI-powered approaches to securing grid infrastructure, as well as how to address vulnerabilities to allow resilient energy delivery. We’ll also join other power and utilities leaders at a fireside chat to discuss how AI adoption can help grid operators break through common industry roadblocks and drive faster, more secure innovation.  

    I look forward to participating in a Strategic Roundtable conversation on the topic of “AI Applications and Impacts in Action,” where we’ll discuss the challenges and opportunities of AI in driving sustainable business initiatives.  

    These conversations are both inspiring and insightful, as we’re witnessing every day the impact AI is having across the industry. Whether it’s Uniper strengthening cybersecurity, Petrobras streamlining employee workflows, or Enerjisa Uretim accelerating data processing for improved decision making, AI is changing the way we work in energy. We’re looking forward to not only sharing success stories, but also hearing from other technology and energy experts about how AI is creating more value for them.      

    Startups accelerate AI transformation and the energy transition 

    The climate crisis impacts everyone, and diversity in the startup ecosystem helps to ensure that solutions also reach everyone. People of color are disproportionately affected by climate change, yet Black and Latino founders receive less than 1.5% of total United States venture capital funding, women-founded organizations receive 1.9% of those funds, and Black and Latino women founders less than 0.1%1. 

    An important outcome of CERAWeek is knowledge sharing with a diverse group of global energy leaders that represent vastly different backgrounds and stages of business experience. Energy startups are a tremendous source of knowledge and innovation driving real impact across the industry. Transformation starts with people, not technology, and Microsoft is proud to support climate technology from underrepresented startups and CEOs. This year, we’ll hear from nine innovative startups sharing their unique perspectives on advancing diversity and inclusion in energy, and how they think creatively to secure reliable and sustainable energy sources.   

    Partnership, collaboration, and AI innovation in energy 

    The energy industry’s biggest challenges call for strategic collaboration and innovation across sectors and geographies, as real progress cannot be accomplished alone. Our partners are at the forefront of accelerating data modernization and AI innovation, helping to improve safety, efficiency, and productivity for the industry at large. You can hear from many of them at this year’s Innovation Agora, a marketplace buzzing with energy innovation and emerging technologies. The Agora promotes partnership, connection, and sharing among the energy community, and we’re excited to uncover new synergies, lead demonstrations, and explore opportunities to learn from other industry leaders.  

    At the Microsoft Agora House, we’re joined by partners and customers in sharing some of the ways they empower an AI-first energy workforce, operate for a secure and efficient energy future, advance their net-zero journeys, and grow sustainable and AI-powered businesses. Be sure to explore the Microsoft Experience Zone, featuring presentations from many partners that showcase transformative solutions and foster insightful discussions on energy innovation. 

    We’re honored to highlight many of the change-makers attending CERAWeek with us this year, including the following partners: 

    Accenture  Hertha Metals* 
    AIQ Honeywell 
    Amperon  IBM
    Aveva  IFS
    Axis Sky Renewables*  Kanin* 
    Baker Hughes Kauel*
    c3.AI  Kongsberg Digital 
    Carbon Negative Solutions* Loop Bioproducts*    
    Cegal  Mars Materials* 
    Cognite  NobleAI 
    Context Labs  NVIDIA 
    Crux OCM*  Schneider Electric
    Decimetrix*  SLB
    EY Worlds
    Halliburton 

    *Microsoft startup partner 

    Recently, Microsoft, alongside our partners SLB, Halliburton, Cognite, and AspenTech, convened in Munich, Germany with many of our customers, who shared AI-powered transformation stories driving increased productivity and improved operating efficiencies. Events like this allow us to not only highlight the work of our industry partners and customers, but also to share their expertise and create new opportunities for collaboration and innovation.  

    Power an AI-first energy future 

    Together with our customers and partners, we’re collectively empowering organizations to innovate for a new energy future and advance sustainability goals with AI you can trust. We look forward to engaging with you on the future of carbon markets, regional energy challenges, latest developments in consumer energy, and unlocking AI to transform the energy and resources value chain.   

    Learn more about Microsoft at CERAWeek.

    Learn how Microsoft can help accelerate your AI and digital transformation journey: 

    Source:

    1McKinsey and Company, Underrepresented start-up founders: The untapped opportunity, June 2023. 

    Darryl Willis

    Corporate Vice President, Worldwide Energy and Resources Industry

    Darryl leads a global team driving digital transformation across the energy sector through the deployment of Microsoft’s cloud and AI technology and partner solutions. With a deep knowledge of the global energy sector, Darryl leads this cross-functional team in building strategic partnerships and helping enable the energy transition, reduce carbon emissions, and fulfill growing demand with renewable sources.

    See more articles from this author

    MIL OSI Economics –

  • MIL-OSI Asia-Pac: India to Lead the World in Green Hydrogen: Union Minister Shri Pralhad Joshi

    Source: Government of India

    India to Lead the World in Green Hydrogen: Union Minister Shri Pralhad Joshi

    India’s First Fleet of Hydrogen-Powered Heavy Duty Trucks Trials Flagged off

    Posted On: 04 MAR 2025 6:54PM by PIB Delhi

    Union Minister for New and Renewable Energy, Shri Pralhad Joshi, today said that India is striving to  to becoming a global leader in green hydrogen production and utilization. Speaking at the flag-off ceremony of India’s first fleet of hydrogen-powered truck trials in New Delhi, the Minister highlighted the transformative vision behind the National Green Hydrogen Mission (NGHM) and the country’s strides towards energy independence.

    Union Minister Shri Pralhad Joshi emphasized that, under the leadership of Prime Minister Shri Narendra Modi, India has positioned itself at the forefront of the global green energy transition. With an allocation of ₹19,744 crore, the National Green Hydrogen Mission aims to establish India as a key player in hydrogen production, storage, and application across various sectors. He noted that India has already made remarkable progress, awarding 4,12,000 TPA of Green Hydrogen production and approving 3 GW of electrolyser manufacturing capacity per annum. Additionally, seven pilot projects have been launched across transportation, shipping, steel, and storage, alongside the publication of 88 standards to ensure safety and scalability.

    Looking ahead, the Minister outlined India’s ambitious 2030 targets, which include producing 5 million metric tons (MMT) of Green Hydrogen annually, installing 60-100 GW of electrolyser capacity, and adding 125 GW of renewable energy capacity dedicated to hydrogen production. These initiatives are expected to help reduce 50 million metric tons of CO₂ emissions annually, save ₹1 lakh crore in imports, and attract investments worth ₹8 lakh crore.

    Shri Joshi described the launch of hydrogen-powered truck trials as a radical shift in India’s mobility sector, reducing dependence on fossil fuels and enhancing energy security. He noted that India is the third-largest oil consumer and fourth-largest crude oil importer, and hydrogen technology will play a key role in reducing this reliance. The first batch of three hydrogen-powered heavy-duty trucks will operate on the Faridabad–Delhi NCR and Ahmedabad–Surat–Vadodara routes. To support this transition, Indian Oil Corporation Limited (IOCL) is establishing hydrogen refueling stations in Faridabad, Vadodara, Pune, and Balasore.

    The Minister also lauded the contributions of Union Minister Shri Nitin Gadkari, whose leadership in promoting hydrogen-powered mobility has driven innovation in the sector.

    Union Minister Shri Joshi also called upon all stakeholders to support the green energy revolution and emphasized that hydrogen will play a crucial role in shaping India’s energy future and urged industry leaders, innovators, and policymakers to collaborate in making this vision a reality.

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    Navin Sreejith

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  • MIL-OSI Asia-Pac: Union Minister Sarbananda Sonowal lays foundation stone for capacity expansion at AMCH in Dibrugarh

    Source: Government of India

    Posted On: 04 MAR 2025 6:41PM by PIB Delhi

    The Union Minister of Ports, Shipping and Waterways, Shri Sarbananda Sonowal laid the foundation stone for a 37-bedded patient care cabin facility block to be developed within the Assam Medical College and Hospital (AMCH) premises in Dibrugarh, today. The cabins will be spaced out across four floors with advanced medical care for patients. The fully furnished four storied facility will be developed with an investment of ₹8.89 crore. The Oil India Limited will support the cost as part of its Corporate Social Responsibility.

    Speaking on the occasion, Union Minister, Shri Sarbananda Sonowal said, “Under PM Narendra Modi’s visionary leadership, the healthcare system in India has undergone a tremendous transformation which has made it effective for people from all sections of the society. The Ayushman Arogya Bharat is transforming India’s healthcare landscape—affordable, accessible, and world-class. A Viksit Bharat begins with a healthy Bharat, and we are steering the nation towards excellence in healthcare for every citizen. Healthcare excellence is key to achieve the vision of Prime Minister Narendra Modi ji’s Viksit Bharat.”

    Highlighting the role that AMCH has played, Shri Sonowal said, “AMCH Dibrugarh, Northeast India’s pioneering medical college, has long been the backbone of healthcare in Assam, Arunachal Pradesh, and beyond. As demand surges for affordable, high-quality treatment, a new facility in Assam emerges—not just as an expansion, but as a promise to redefine specialised care for the region. I am confident that the capacity expansion at AMCH will further bolster the commitment of Narendra Modi government to reshape and strengthen country’s healthcare system—accessible, affordable, and built to last—boosting the region’s medical backbone with vision and resolve.”

    The Union Minister advised students of AMCH who gathered on the auspicious occasion, that, “Good health is a way of life. Through yoga, balanced nutrition, and mindful living, we build strength, resilience, and inner harmony. A healthy lifestyle isn’t just about adding years to life—it’s about adding life to years. Breathe, move, and thrive—your wellness journey is equally crucial for an efficient healthcare delivery system in the country. As the future caregivers of humanity, you hold the power to heal and transform lives. We wish you the best health and a sound mind, for with these strengths, your contribution to nation-building and improving lives will be even more meaningful.”

    Rituparna Baruah, Chairman, Tourism Development Corporation (ATDC), Government of Assam; Akhim Hazarika, Chairman, District Development Authority (DDA), alongside senior officials from OIL and AMCH were present on the occasion.

     

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  • MIL-OSI Asia-Pac: India’s circular economy to generate a market value of over $2 trillion and create close to 10 million jobs by 2050 – Union Minister Shri Bhupender Yadav

    Source: Government of India

    India’s circular economy to generate a market value of over $2 trillion and create close to 10 million jobs by 2050 – Union Minister Shri Bhupender Yadav

    Memorandum of Understanding (MoU) was signed between the Council of Scientific and Industrial Research (CSIR) and the Ministry of Housing and Urban Affairs (MoHUA)

    Delegates visits Hawa Mahal, City Palace, Albert Hall, and Patrika Gate

    Posted On: 04 MAR 2025 6:39PM by PIB Delhi

    India’s circular economy could generate a market value of over $2 trillion and create close to 10 million jobs by 2050. Expressing this view, while speaking at the 12th Regional 3R and Circular Economy Forum in Asia and the Pacific, Union Minister for Environment, Forest & Climate Change, Shri Bhupender Yadav said, the ‘circular economy’ may be about to drive one of the biggest transformations in business since the Industrial Revolution 250 years ago. Through a radical departure from the traditional ‘take, make, waste’ production and consumption models, the circular economy could provide a potential $4.5 trillion in additional economic output by 2030 world over.

     

     

    Shri Yadav also informed the forum about India’s candidacy for organising the World Circular Economy Forum in the year 2026. Every year, World Circular Economy Forum is organised and in this year, 2025 it is being organized in Sao Paulo, Brazil. India has expressed the willingness to host World Circular Economy Forum 2026.

    Emphasising on the steps taken, the Minister said, India remains committed to addressing plastic waste challenges and their associated ecological impacts. The Plastic Waste Management Rules (2016) have led to significant measures targeting municipal, industrial, residential, and commercial sectors. India has banned certain categories of single-use plastics through notification in 2022. In alignment with the Mission ‘LiFE’ initiative, MoEFCC has notified the Eco-Mark Rules to encourage demand for environmentally friendly products while promoting energy efficiency and circular economy principles.

    He further said, Circular Economy Action Plans for 10 waste categories have been finalized, for which regulatory and implementation framework is under progress. India has already notified various waste management and extended producer responsibility rules in certain sectors, such as the Plastic Waste Management Rules, e-Waste Management Rules, Construction and Demolition Waste Management Rules, and Metals Recycling Policy, among others.

     

     

    Secretary, Ministry of Housing and Urban Affairs, Shri Srinivas Kathikala, and Chief Secretary, Government of Rajasthan, Shri Sudhansh Pant jointly chaired a significant session today, focusing on advancing waste management and circular economy initiatives. The session saw the launch of several key reports, best practices and the signing of important agreements aimed at strengthening India’s waste management ecosystem.

    Launch of SBM Waste to Wealth PMS Portal

    A major highlight of the session was the launch of the SBM Waste to Wealth PMS Portal, an innovative online platform developed under the Swachh Bharat Mission (SBM). The portal is designed to enhance project monitoring, streamline data management, and facilitate resource sharing, thereby supporting the mission’s broader objective of transforming waste into valuable resources. This initiative aligns with the government’s commitment to sustainable urban development and effective solid waste management.

    Release of IFC Document Reference Guide

    The session also marked the release of the IFC Document Reference Guide: Business Models and Economic Assistance for Municipal Solid Waste (MSW) Projects. This guide provides comprehensive insights into various business models for MSW processing, including waste-to-electricity, biomethanation, and bioremediation. The document serves as a crucial resource for municipalities and private players looking to implement effective and economically viable waste management projects.

    MoU Between CSIR and MoHUA

    In a significant step toward fostering scientific collaboration in waste management, a Memorandum of Understanding (MoU) was signed between the Council of Scientific and Industrial Research (CSIR) and the Ministry of Housing and Urban Affairs (MoHUA). This partnership will facilitate research-driven solutions and innovative technologies to enhance urban waste management practices across India.

    Release of ‘India’s Circular Sutra’

    The event also saw the release of ‘India’s Circular Sutra: A Compendium of Best Practices in 3R & Circular Economy’. This compendium documents successful case studies and innovative approaches in the Reduce, Reuse, and Recycle (3R) framework, providing valuable insights for urban local bodies and stakeholders looking to implement circular economy solutions.

    These initiatives mark a significant step forward in India’s efforts to promote sustainable waste management, encourage innovation, and drive the transition toward a circular economy.

    CEEW Report on Solid Waste Management in Million-Plus Cities

    The Council on Energy, Environment, and Water (CEEW) presented its latest study, which offers a detailed outlook on solid waste management (SWM) practices in cities with populations exceeding one million. The report highlights sustainable waste management strategies, circular economy principles, and decentralized solutions that can be tailored to meet the unique challenges of India’s rapidly urbanizing regions.

     

    Technical and Heritage Visit of Delegates

     The delegates undertook a technical site visit to key waste management and sanitation facilities in Jaipur, including the Waste to Energy Plant and Sanitary Landfill Site at Langariyawas and the Dehlawas Sewage Treatment Plant. These visits provided firsthand insights into innovative waste processing techniques, energy recovery from waste, and efficient sewage treatment mechanisms.

    In addition to the technical visits, the delegates also explored Jaipur’s rich cultural heritage, visiting iconic landmarks such as Hawa Mahal, City Palace, Albert Hall, and Patrika Gate. These heritage visits offered a glimpse into the city’s architectural grandeur and historical significance, providing a holistic experience that blended urban infrastructure advancements with Rajasthan’s vibrant cultural legacy.

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  • MIL-OSI Asia-Pac: PM Shri Narendra Modi addresses Post Budget Webinar on Manufacturing, Exports and Nuclear Energy

    Source: Government of India (2)

    PM Shri Narendra Modi addresses Post Budget Webinar on Manufacturing, Exports and Nuclear Energy

    Stakeholders discuss export ecosystem and e-commerce growth at the Webinar

    Export Promotion Mission (EPM), a proposed ₹2,250 crore initiative, to boost India’s exports: Experts

    Posted On: 04 MAR 2025 6:22PM by PIB Delhi

    As part of the Post-Budget Webinar on the Union Budget 2025-26, organized by NITI Aayog, various outreach sessions on Theme 3 comprising of discussions on the topics – Manufacturing, Exports and Nuclear Energy Missions, were successfully held on March 4, 2025. The Exports session, led by the Ministry of Commerce & Industry in consultation with the Ministry of Electronics & Information Technology (MeitY), brought together key stakeholders, including industry leaders, exporters, entrepreneurs, and policymakers, to deliberate on strategies to enhance India’s export capabilities and fortify the country’s global trade position.

    At the outset, Prime Minister of India addressed the participants of the Webinar. He highlighted the reforms undertaken by the Government to create an enabling and nurturing ecosystem for promoting Manufacturing and Exports in the country. He highlighted the transformative approach of the Union Budget 2025-26 which is in line with the reform-oriented agenda undertaken of the Government. He encouraged the participants to come forward with fresh and innovative ideas and contribute to policy formulation and implementation on the themes of Manufacturing, Exports, and Nuclear Energy with a view to promote India’s Exports to the world. His ideas were appreciated by all the stakeholders and shaped the subsequent discussion on various themes.

    Subsequently, the Breakout session on Exports was moderated by Shri Sanjay Nayyar, President ASSOCHAM, with an esteemed panel comprising of Shri Rajesh Nambiar, President, NASSCOM, Shri Ajay Sahai, Director General, Federation of Indian Export Organization (FIEO), Shri Pankaj Mohindroo, President, Indian Cellular and Electronics Association (ICEA), Shri Kalyan Basu, Managing Director, MonetaGo, Ms. Jyoti Vij, Director General, FICCI, and Ms. Nivruti Rai, CEO, Invest India. Their insights and expertise contributed to meaningful discussions on fostering a conducive ecosystem for exports and driving economic growth through policy interventions and digital innovation.

    During the deliberations, several key initiatives were discussed as potential pathways to strengthening India’s exports. Among them was the Export Promotion Mission (EPM), a proposed ₹2,250 crore initiative aimed at boosting India’s exports, particularly for MSMEs, by providing financial incentives, market access support, and compliance facilitation. Participants emphasized that a partnership-driven, whole-of-government approach is needed to address market access issues and facilitate the growth of new and e-commerce exporters.

    Additional strategic policy recommendations included expanding Export Credit Guarantee Corporation (ECGC) coverage to high-risk markets, enhancing collateral-free export credit through EXIM Bank, and providing incentives for MSMEs to adopt sustainability standards and global certifications. Industry experts also stressed the need to strengthen the Driving International Holistic Market Access Initiative (DISHA) to offer sector-specific MSME support.

    Participants also highlighted the importance of Export Readiness Programs to train MSMEs in e-commerce, digital marketing, and international trade regulations. The expansion of the E-Commerce Niryat Credit Card Scheme was another key area of discussion to bolster cross-border digital trade.

    Another major point of discussion was BharatTradeNet (BTN), envisioned as a pioneering Digital Public Infrastructure (DPI) initiative designed to create a seamless, electronic and paperless trade ecosystem for international trade and trade finance. Institutionalizing BharatTradeNet as India’s Digital Public Infrastructure for Trade, integrating it with Aadhaar, DigiLocker, UPI, and other digital platforms, and aligning it with financial institutions for seamless trade finance approvals were also considered integral to simplifying export operations. Strengthening State/District Export Cells, expanding Buyer-Seller Meet (BSM) Programs, and developing a Central Trade Registry and Interoperability Framework for BharatTradeNet were seen as critical steps toward increasing efficiency in trade facilitation. Stakeholders suggested that by aligning with global trade facilitation standards, BTN could help streamline trade documentation, enhance trade financing, and deepen export credit accessibility. It was also suggested that one of the ways to prioritise implementation of BTN would be, by establishing a Special Purpose Vehicle (SPV).

    A structured plan under the National Framework for GCCs was also discussed to expand Global Capability Centres (GCCs) beyond Tier-1 cities by re-orienting regulations, taxation policies, and infrastructure. Based on the discussion, the following recommendations were made by the panellists for the dispersal of GCCs into emerging GCC cities: reducing compliance burden and ease of doing business, building a quality talent pool and talent pipeline, GCCs partnerships in R&D with academia, a national framework on GCC and dedicated policy interventions, the GIFT city model for emerging Tier 2 cities, tax incentives for GCCs in SEZ in Tier 2 cities, a national policy to streamline incentives for GCCs such as incentivizing employment generation, R&D activities, and skilling, transfer pricing rationalization, improving physical and digital infrastructure in emerging Tier-2 hubs for GCC, partnership with National Mission e.g. AI and Quantum, and marketing and branding of GCCs in India and emerging Tier 2 cities.

    The session concluded with a final address by Union Minister of State for Commerce and Industry, Shri Jitin Prasada, who highlighted the government’s unwavering commitment to creating a globally competitive export ecosystem and ensuring the seamless integration of Indian enterprises into global value chains.

    The Breakout Session on Exports successfully provided a forward-looking actionable roadmap, capturing key insights and recommendations from industry experts, policymakers, and entrepreneurs. These discussions will play a crucial role in shaping future policies for strengthening India’s exports through policy reforms, infrastructure development, and digital transformation. The key takeaways from the session shall be implemented by the respective departments.

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  • MIL-OSI Asia-Pac: Union Ministers Nitin Gadkari and Pralhad Joshi flags off first-ever trials of hydrogen-powered heavy-duty trucks from Tata Motors stable

    Source: Government of India (2)

    Posted On: 04 MAR 2025 6:15PM by PIB Delhi

    In a landmark development towards India’s vision of achieving net-zero emissions by 2070, Union Minister of Road Transport and Highways, Shri Nitin Gadkari, Union Minister of New and Renewable Energy Shri Pralhad Joshi flagged off the first-ever trials of hydrogen-powered heavy-duty trucks launched by Tata Motors in New Delhi, today.

    Speaking on the occasion Shri Nitin Gadkari said, “Hydrogen is the fuel of the future with immense potential to transform India’s transportation sector by reducing emissions and enhancing energy self-reliance. Such Initiatives will accelerate the transition to sustainable mobility in heavy-duty trucking, and move us closer to an efficient, low-carbon future. I congratulate Tata Motors for taking the lead in this significant step towards enabling hydrogen-powered green and smart transportation.”

    Union Minister of New and Renewable Energy, Shri Pralhad Joshi said, “Hydrogen is an important fuel for India’s transition to a sustainable and zero-carbon future. The beginning of this trial is a significant step forward in showcasing the potential of green hydrogen in decarbonizing India’s transportation sector. This initiative, part of the National Green Hydrogen Mission, reflects our commitment to driving innovation and achieving India’s energy independence while contributing to global climate goals. I applaud Tata Motors for taking the lead in this pioneering effort.”

    The historic trial, marks a significant step towards sustainable long-distance cargo transportation in the country, as Tata Motors underscores its commitment to leading the charge in sustainable mobility solutions, aligning with India’s broader green energy goals. The company was awarded the tender for this trial, which is funded by the Ministry of New and Renewable Energy under the National Green Hydrogen Mission. It marks a significant step forward in assessing the real-world commercial viability of using hydrogen powered vehicles for long distance haulage as well as setting-up the requisite enabling infrastructure for their seamless operation.

    The trial phase will span up to 24 months and involves deployment of 16 advanced hydrogen-powered vehicles with varying configurations and payload capacities. These trucks, equipped with new age Hydrogen Internal Combustion Engines (H2-ICE) and Fuel Cell (H2-FCEV) technologies, will be tested on India’s most prominent freight routes, including those around Mumbai, Pune, Delhi-NCR, Surat, Vadodara, Jamshedpur and Kalinganagar.

    Mr. Girish Wagh, Executive Director, highlighted Tata Motors’ preparedness saying, “Tata Motors is deeply honored to be at the forefront of driving India’s transformation towards greener, smarter, and sustainable mobility. As a company with a long-standing commitment to nation-building, we have continuously embraced innovation to develop mobility solutions that contribute to India’s growth and development. Today, with the commencement of these hydrogen truck trials, we are proud to further this legacy by pioneering the transition to clean, zero emission energy for long haul transportation. We are grateful to the Government of India for their visionary leadership in making this possible, and we remain committed to playing our part in building sustainable, future ready mobility solutions that will deliver better performance and efficiency.”

     

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  • MIL-OSI Asia-Pac: Nuclear Energy is Critical for India’s Net Zero Goal, Major Expansion Planned: Dr. Jitendra Singh

    Source: Government of India

    Nuclear Energy is Critical for India’s Net Zero Goal, Major Expansion Planned: Dr. Jitendra Singh

    India to Open Nuclear Sector for Private Players, Key Legislative Changes on the Horizon

    Government Unveils Nuclear Power Roadmap: Private Investments, SMRs, and 100 GW Goal by 2047

    Public Awareness Drive on Nuclear Energy Crucial for India’s Clean Energy Transition: Dr. Jitendra Singh

    Posted On: 04 MAR 2025 5:47PM by PIB Delhi

    Addressing a post-budget webinar organized by NITI Aayog, Union Minister of State (Independent Charge) for Science and Technology; Earth Sciences, and Minister of State for PMO, Department of Atomic Energy, Department of Space, Personnel, Public Grievances and Pensions, Dr. Jitendra Singh emphasized that Nuclear Energy is critical for India’s Net Zero goal.

    He highlighted the Union Budget 2024-25’s vision for India’s nuclear power expansion, which sets a target of achieving 100 GW by 2047.

    Pointing out the crucial role of nuclear energy in India’s transition to clean energy and achieving Net Zero emissions by 2070, he called for private sector participation, regulatory reforms, and sustained public engagement.

    Highlighting the growing energy demand, Dr. Jitendra Singh stated that India’s electricity needs are expected to increase four to five times by 2047. While renewable energy sources are expanding, they alone cannot meet the base-load demand, making nuclear power a key component of India’s energy strategy. “Achieving 100 GW of nuclear power will require a focused and determined approach, adding around 4 GW annually from now onwards,” he said, expressing confidence in meeting the goal with proper planning and execution.

    A major shift in India’s nuclear policy is the proposed involvement of the private sector in designing, building, and operating nuclear power plants. Dr. Jitendra Singh acknowledged that legislative amendments to the Atomic Energy Act, Civil Liability for Nuclear Damage Act, and Electricity Act would be required to enable this participation. “Opening up the nuclear sector will send a strong policy signal to industry players, boosting investor confidence and encouraging long-term investments,” he noted.

    He also highlighted that NPCIL, along with its subsidiaries, aims to contribute nearly half of the 100 GW target by leveraging domestic and international partnerships. Meanwhile, NTPC’s joint venture, Ashwini, has already taken the lead in constructing four 700 MWe PHWRs at Mahi-Banswara.

    The Minister further announced the launch of a Small Modular Reactor (SMR) R&D Mission, with the objective of developing five SMRs by 2033. These reactors, known for their adaptability, could be deployed in industrial zones, remote areas, and hard-to-abate sectors like cement and steel manufacturing.

    Dr. Jitendra Singh emphasized that India’s nuclear energy journey, pioneered by Dr. Homi Bhabha, was often met with skepticism, both domestically and internationally, due to restrictive global policies and misplaced concerns over nuclear proliferation. However, he noted that under Prime Minister Narendra Modi’s leadership since 2014, India has witnessed a paradigm shift, with greater acceptance of its nuclear energy program as a key component of clean and sustainable power generation. He pointed out that unlike in the past, the announcement of a 100 GW nuclear target has not faced any negative implications, reflecting India’s growing credibility in the global nuclear community and the recognition of its responsible and transparent approach to nuclear energy development.

    Dr. Jitendra Singh also underscored the need for a nationwide awareness campaign to address public concerns regarding nuclear energy. “A much more vigorous and sustained public outreach program is necessary to dispel fears and highlight nuclear power as a safe and clean energy source,” he said, urging collaboration among government agencies, private players, and environmental groups.

    With a roadmap now being formulated in consultation with stakeholders, the Minister affirmed that while challenges exist, achieving the 100 GW target by 2047 is both ambitious and achievable.

    ****

    NKR/PSM

    (Release ID: 2108130) Visitor Counter : 36

    MIL OSI Asia Pacific News –

  • MIL-OSI Europe: Written question – Commission’s response to the incomplete implementation of the UN Convention on the Rights of Persons with Disabilities in Member States – E-000810/2025

    Source: European Parliament

    Question for written answer  E-000810/2025
    to the Commission
    Rule 144
    Jagna Marczułajtis-Walczak (PPE), Martine Kemp (PPE), Hristo Petrov (Renew), András Tivadar Kulja (PPE), Kamila Gasiuk-Pihowicz (PPE), Reinier Van Lanschot (Verts/ALE), Dariusz Joński (PPE), Diana Iovanovici Şoşoacă (NI), Elena Kountoura (The Left), Oihane Agirregoitia Martínez (Renew), Marc Angel (S&D), Veronika Cifrová Ostrihoňová (Renew), Maria Walsh (PPE), Katrin Langensiepen (Verts/ALE), Ciaran Mullooly (Renew), Andrzej Halicki (PPE), Andrzej Buła (PPE), Krzysztof Śmiszek (S&D), Elio Di Rupo (S&D), Sirpa Pietikäinen (PPE), Branislav Ondruš (NI), Tilly Metz (Verts/ALE), Aodhán Ó Ríordáin (S&D), Giusi Princi (PPE), Kathleen Funchion (The Left), Chiara Gemma (ECR), Ewa Zajączkowska-Hernik (ESN), Catarina Martins (The Left), Olivier Chastel (Renew), Nikos Pappas (The Left), Magdalena Adamowicz (PPE), Salvatore De Meo (PPE), Romana Tomc (PPE), Ewa Kopacz (PPE), Miriam Lexmann (PPE), Jadwiga Wiśniewska (ECR), Michał Kobosko (Renew), Marie Toussaint (Verts/ALE), Lara Magoni (ECR), Gabriella Gerzsenyi (PPE), Alex Agius Saliba (S&D), Krzysztof Brejza (PPE), Merja Kyllönen (The Left), Michał Wawrykiewicz (PPE), Bartosz Arłukowicz (PPE), Marta Wcisło (PPE), Adam Jarubas (PPE), Mirosława Nykiel (PPE), Elżbieta Katarzyna Łukacijewska (PPE), Hanna Gronkiewicz-Waltz (PPE), Michał Szczerba (PPE)

    Since ratifying the United Nations Convention on the Rights of Persons with Disabilities (CRPD) in 2010, the EU has been legally bound to uphold the right to independent living (Article 19 CRPD). However, disparities persist among Member States, particularly in transitioning from institutional care to community-based support.

    Reports highlight ongoing barriers for persons with disabilities in accessing personal assistance, accessible housing and inclusive services. Additionally, EU funds are still being allocated to institutional care rather than community-based alternatives, contradicting CRPD objectives.

    In the light of these challenges, could the Commission clarify:

    • 1.What measures are in place to ensure that EU funds support deinstitutionalisation and independent living, in full compliance with the CRPD?
    • 2.What mechanisms are in place to monitor and enforce Member States’ compliance with Article 19?
    • 3.Is the Commission considering stricter funding conditions, requiring verifiable progress in deinstitutionalisation and community-based services as a prerequisite for financial support?

    Submitted: 21.2.2025

    MIL OSI Europe News –

  • MIL-OSI Security: Major Nuclear Repository Adopts New Fully Searchable Digital Platform

    Source: International Atomic Energy Agency – IAEA

    The IAEA’s International Nuclear Information System, a multi-million strong digital library, has been further strengthened with the addition of a modern repository platform – that offers full text search for the first time.

    Founded in 1970, the International Nuclear Information System (INIS) Repository hosts a massive library of nearly five million reports, books, scientific articles, conference papers and other knowledge products covering topics in nuclear science, reactor technology, materials science, medical applications, decommissioning, and all other areas the IAEA is involved in.

    Using Invenio, an open-source platform developed by the European Organization for Nuclear Research (CERN) and tailoring it to its own needs the Agency was to make advancements in automation and accessibility as well as a major increase in capacity for handling new knowledge product entries in INIS. The new functionalities built with the platform allow INIS to connect with other repositories, facilitating the sharing of content and expanding the utility of all participating databases. INIS will be the first large repository to implement full-text search with Invenio – searching both the metadata and the text of a PDF.

    “In today’s knowledge-based economy, information is considered one of the most valuable resources. It is critical for research, innovation, decision making, efficiency and productivity, knowledge sharing and continuous learning,” said Dibuleng Mohlakwana, Head of the IAEA’s Nuclear Information Section. “This new platform will help INIS expand its role as a global player in open science improving its capabilities as an information hub that facilitates the pursuit of nuclear science for peaceful purposes.”

    INIS relies on contributions from more than 130 countries and 11 international organizations, with well over 100 000 new knowledge products being added each year.  INIS staff supplement national contributions by harvesting information from some of the largest publishers, including Elsevier, Nature-Springer and the Institute of Physics.

    The landscape of scientific publishing has changed greatly in the years since INIS was founded, with an increasing emphasis on open access. Publishers are providing more information and making it freely available, while repositories such as arXiv, the Directory of Open Access Journals, PubMed, etc. have made scientific knowledge more accessible than ever before.

    “One of the great things about this platform is that whatever we develop here can be shared with all the other organizations. So not only are we sharing scientific information with the world, but we’re also sharing what we develop with Invenio,” said Astrit Ademaj, Nuclear Systems Support Analyst and Project Manager for the implementation of Invenio. INIS is the first large repository to implement full-text search – searching both the metadata and the text of a PDF.

    Knowledge products entered into Invenio will be automatically categorized and tagged with descriptors. This had previously been done manually in what had been a highly time-consuming endeavour. This work will now primarily be handled by NADIA (Nuclear Artificial intelligence for Document Indexing and Analysis), an AI tool developed by the IAEA. Previously, contributors sent their entries using a unique language and format. Now a user-friendly form is provided, so specialized knowledge and training are no longer necessary.

    “Many of the items available on INIS are quite fascinating,” said Brian Bales, INIS Coordinator. “One of the most popular recent additions is the Prospective Study Bluebook on Nuclear Energy to Support Low Carbon – a cooperative effort between nuclear companies in China and France to address the challenges of climate change. Over the last 5 years, we’ve added over 600 000 such knowledge products.”

    MIL Security OSI –

  • MIL-OSI Global: Netflix’s Toxic Town offers a stark warning on environmental rollbacks

    Source: The Conversation – UK – By Kirsty Pringle, Atmospheric Scientist and Project Manager, Software Sustainability Institute, University of Edinburgh

    Netflix’s new drama Toxic Town tells the true story of a group of women from Corby in Northamptonshire, UK, who gave birth to children with limb differences in the 1980s and 90s. The children were born with shortened arms or legs or missing fingers. The drama follows their battle to uncover the cause and their subsequent fight for justice.

    This skilful portrayal of a real-life tragedy isn’t just compelling drama, it’s a stark warning about the dangers of weak environmental protections. With the UK no longer following EU environmental standards and the US rolling back key pollution regulations and scaling down environmental enforcement, the issues at the heart of Toxic Town feel more urgent than ever.

    As two atmospheric scientists, we were pleased to see Netflix taking on this recent event in UK history.

    Corby’s industrial heritage mirrors that of many English towns: for decades, the town’s steelworks provided jobs. Then in the 1980s they were decommissioned, leaving behind high unemployment and thousands of tonnes of hazardous waste. While many areas have decommissioned steelworks, the difference here is that environmental procedures for decommissioning hazardous waste appear not to have been followed.

    Looking for something good? Cut through the noise with a carefully curated selection of the latest releases, live events and exhibitions, straight to your inbox every fortnight, on Fridays. Sign up here.

    Waste from the steelworks was transported through town in lorries to sites for long-term storage. Despite government advice to ensure their lorries were cleaned and their loads covered to prevent contamination, dirty, uncovered lorries carrying hazardous waste were repeatedly driven through the area, allowing toxic sludge to spill out on to the roads.

    Drivers were also paid bonuses for extra loads, which encouraged them to ignore regulations and cut corners. And, as the sludge spilled from their lorries dried, it turned into dust that was carried through the air and inhaled by residents, including pregnant mothers.

    Crucially, this dust was not typical air pollution which, while harmful, doesn’t usually come from contaminated land so doesn’t contain high concentrations of heavy metals and industrial chemicals. Yet, to the naked eye, Corby’s toxic dust would have been pretty indistinguishable from everyday grime.

    What is clear, however, is that there was a lot of it. During the 2009 court case against what was then Corby Borough Council, which was responsible for the steelworks’ decommissioning, residents recalled the orange dust coating surfaces and filling the air. Many stressed the need to wash their cars frequently as they quickly became coated in dust.

    As the show depicts, in 1999 concerns were raised about the impact of the pollution by mothers in the area who had given birth to children with upper limb differences. Northamptonshire Health Authority conducted an initial investigation and concluded the problem was no worse than elsewhere in England and Wales.

    Acting on behalf of the mothers, the solicitor Des Collins launched his own investigation. Ultimately birth differences in Corby were, in fact, found to be three times higher than in surrounding areas

    Inexplicably, even among environmental researchers, the Corby toxic waste case remains relatively unknown despite being a landmark legal case. It was the first time a link between airborne pollution and limb differences in children was officially established.

    The council lost the case and was found liable for public nuisance, negligence and breach of statutory duty. It disputed the verdict but reached a confidential private settlement with the families.

    Corby’s story has been dubbed the “British Erin Brockovich”. This is due to its parallels with the famous US environmental lawsuit in which Erin Brockovich, a legal clerk, helped build a case against Pacific Gas and Electric who were fined US$330 million (£415 million) for contaminating the water supply in Hinkley, California.

    Why environmental regulation matters

    It’s tempting to watch Toxic Town with the reassurance that such a disaster couldn’t happen again. Surely, with modern environmental monitoring and stronger regulations, we are now better protected?

    Environmental protections are only as strong as the political will to enforce them. History has repeatedly shown that weak or poorly enforced regulations can lead to catastrophic consequences. For example, the Bhopal gas disaster in India in 1984 saw a toxic gas leak that killed thousands.

    The Love Canal incident in the US in the 1970s exposed residents to hazardous waste, causing birth defects and illness. And the Deepwater Horizon oil spill in the US in 2010, which became one of the largest marine oil spills in history.

    Despite such repeated events, environmental regulation is increasingly dismissed by some politicians and industry leaders as red tape –a bureaucratic burden that hampers industrial and economic growth.

    The UK’s exit from the EU means that it no longer needs to adhere to EU environmental regulations, including the Reach law which mandates the registration, evaluation, authorisation and restriction of chemicals, It’s the main EU law that governs chemicals to protect both the environment and human health. While not flawless, Reach is considered to be the most robust chemicals regulation in the world and because of global supply chains, it often encourages manufacturers beyond Europe to comply.

    Campaigners worry that the UK’s departure from the EU environmental regulations will weaken its environmental benchmarks. Water quality in the UK has worsened in the past decade and is now worse than that of most EU countries. Yet, evidence shows that the chemicals industry lobby is powerful.

    The attitude of the new administration in the US to environmental protection laws has caused considerable concern across the global scientific community. There has been a rollback of more than 100 environmental regulations, including 39 relevant to air and water pollution. Most of these rule reversals have already been enacted, just over a month into the new administration.

    The US Environmental Protection Agency (EPA) has had 168 staff placed on leave and environmental groups have warned “that these cuts put minority and lower income families living close to polluting sites at risk”. In parallel, the National Oceanic and Atmospheric Administration (Noaa), another federal agency which monitors oceanic and atmospheric conditions, is facing drastic cuts to it’s staff and budget. These cuts harm the capacity of the US to monitor and enforce environmental regulations.

    What happens in the US often sets a precedent for other countries. It is worrying that reducing environmental protection in the US may encourage other countries, including the UK, to follow suit.

    So, far from being a thing of the past, we could be witnessing a return to the toxic times seen in Corby if we fail to prioritise stringent environmental safeguards. As solictor Des Collins starkly reminds us at the end of the drama: “A town that is made by burning up red tape and using it as fuel does so much damage.”

    Kirsty Pringle receives funding from UKRI.

    Jim McQuaid receives funding from UKRI, Horizon Europe, The Royal Society and Defra

    – ref. Netflix’s Toxic Town offers a stark warning on environmental rollbacks – https://theconversation.com/netflixs-toxic-town-offers-a-stark-warning-on-environmental-rollbacks-251168

    MIL OSI – Global Reports –

  • MIL-OSI USA: Wyden, Castor, Tonko Unveil Legislation to Rescind Trump’s Day-One Executive Orders on Energy

    US Senate News:

    Source: United States Senator Ron Wyden (D-Ore)
    March 04, 2025
    Legislation would protect American jobs, keep energy security competitive against China, and support record investments in rural communities
    Washington, D.C. — U.S. Senator Ron Wyden, D-Ore., along with U.S. Representatives Kathy Castor, D-Fla., and Paul Tonko, D-N.Y., today introduced legislation to nullify Donald Trump’s day-one executive orders on energy. The Defending American Jobs and Affordable Energy Act would reassert America’s clean energy leadership, keep energy costs for families as low as possible, and unfreeze critical Inflation Reduction Act and Bipartisan Infrastructure Law funds to protect jobs and support rural economies.
    “Since day-one, Trump has been laser focused on giving handouts to the oil and gas industry at the expense of American jobs,” Wyden said. “As the nation braces itself for more spin from Trump during tonight’s State of the Union, here are the facts: crippling clean energy production at home will only lead to clean energy manufacturing packing up and moving to China. Rural communities, which are the American epicenter of clean energy jobs and investments, will suffer the consequences of Trump’s ignorance. America needs a leading clean energy response to continue to be a dominant energy force against China.”
    “President Trump’s reckless energy agenda will hike electric bills, raise costs for families, and give China the upper hand in advancing clean energy solutions,” Castor said. “By reversing progress in clean energy initiatives and thumbing his nose at allies, Trump is forcing American families to pay the price of unchecked climate change while other nations reap the economic benefits of innovation. Floridians know the costs of extreme weather and pollution firsthand, and we must stand firm against policies that harm our economy and environment. That’s why I’m proud to stand with my colleagues in introducing this important legislation, which will protect our significant progress in expanding cleaner, cheaper energy for American families.”
    “Donald Trump’s Day One executive orders were nothing more than a massive giveaway to his Big Oil donors — gutting climate action and stalling clean energy investments while American families were left holding the bag,“ Tonko said. “Trump promised that his actions would lower energy costs for consumers, but instead, energy prices have only gone up. That’s why I’m joining Senator Wyden and Congresswoman Castor to introduce this legislation to repeal these reckless orders, restore American leadership on fighting the climate crisis, and put working families’ pocketbooks over oil industry profits.” 
    The Defending American Jobs and Affordable Energy Act would nullify the “Unleashing American Energy” executive order, the executive order declaring a National Energy Emergency, the executive order behind the U.S. departure from the Paris Climate Agreement, and the executive order that pauses offshore wind leases in the Outer Continental Shelf.
    Cosponsors in the Senate include Senate Energy and Natural Resources Committee Ranking Member Martin Heinrich, D-N.M., and Senate Environment and Public Works Committee Ranking Member Sheldon Whitehouse, D-R.I., Minority Whip Dick Durbin, D-Ill., as well as Senators Jeff Merkley, D-Ore., Edward J. Markey, D-Mass., Chris Van Hollen, D-Md., Peter Welch, D-Vt., Mazie Hirono, D-Hawai’i, Patty Murray, D-Wash., Richard Blumenthal, D-Conn., Chris Coons, D-Del., Elizabeth Warren, D-Mass., and Jack Reed, D-R.I.
    Wyden is a longtime champion of keeping energy costs low for consumers while electrifying the grid. In 2019, Wyden and his colleagues introduced legislation to overhaul the federal energy tax code, create jobs and combat climate change. In 2022, Wyden’s Clean Energy For America Act was enacted as part of the Inflation Reduction Act – significantly lowering carbon emissions while reducing energy costs.
    The text of the bill is here.

    MIL OSI USA News –

  • MIL-OSI USA: Cortez Masto, Wyden Lead Colleagues in Reaffirming Congress’ Authority to Maintain Trade Restrictions on Russia

    US Senate News:

    Source: United States Senator for Nevada Cortez Masto
    Washington, D.C. – U.S. Senator Catherine Cortez Masto (D-Nev.) and Senate Finance Committee Ranking Member Ron Wyden (D-Ore.) led eight of their Senate colleagues in a letter to President Donald Trump reaffirming Congress’ authority to maintain trade restrictions on the Russian Federation while it continues its war of aggression against Ukraine. Their letter follows the devolution of talks between the United States and Ukraine last Friday, just two weeks after the President claimed that Ukraine “should have never started [the war].”
    “Vladimir Putin is a ruthless dictator who has led the Russian Federation into a war of aggression against Ukraine with the explicit goal of denying Ukraine and its people their collective rights to independence, sovereignty, and territorial integrity,” wrote the Senators. “Our country, in coordination with our allies and partners and with bipartisan support has imposed sweeping financial sanctions, stringent export controls, and aggressive trade restrictions on the Russian Federation.”
    In 2022, Congress passed the Suspending Normal Trade Relations with Russia and Belarus Act which revoked Russia’s permanent normal trade relations (PNTR) status to ensure Russian goods and services do not enjoy privileged, “most-favored nation” access to the U.S. market. Congress also passed the Ending Importation of Russian Oil Act which banned the importation of all energy products from the Russian Federation.
    According to these laws, the Russian Federation must reach an agreement relating to the withdrawal of its forces and cessation of military hostilities that is accepted by the free and independent government of Ukraine, recognize the right of the people of Ukraine to independently and freely choose their own government, and pose no immediate military threat of aggression to any NATO member before the President can restore normal trade relations.
    “In light of your worrisome statements, we wish to remind you that you must not—and cannot, under statute—attempt to restore normal trade relations or lift the import ban on Russian energy products unless and until Ukraine’s peace demands are met and their free and independent government has accepted a peace agreement,” continued the Senators. “Ukraine must be at the table to determine its future, and conditions for peace cannot be imposed on Ukraine.”
    Additional signatories to the letter include Senators Michael Bennet (D-Colo.), Amy Klobuchar (D-Minn.), Jeff Merkley (D-Ore.), Gary Peters (D-Mich.), Jacky Rosen (D-Nev.), Chris Van Hollen (D-Md.), Raphael Warnock (D-Ga.), and Peter Welch (D-Vt.).
    The full letter can be found here.
    Senator Cortez Masto has consistently advocated for the U.S. to stand up to Russian aggression and support Ukrainian sovereignty. Earlier this year, Senators Cortez Masto and Cornyn (R-Tex.) introduced the HONOR Act to prevent businesses from claiming a foreign tax credit or deduction against taxes paid to fund the Russian government’s war machine. She has voted to pass bipartisan legislation to support Ukraine and helped pass bipartisan economic sanctions that were signed into law to hold Russia accountable for its illegal invasion of Ukraine. She voted in support of sanctions against Russia and its Nord Stream 2 pipeline, and she supported similar sanctions in the 2020 and 2021 National Defense Authorization Acts.

    MIL OSI USA News –

  • MIL-OSI USA: Luján Condemns Potential Closure of Carlsbad Facility Critical to the Mission of Nation’s Only Repository for the Disposal of Nuclear Waste

    US Senate News:

    Source: US Senator for New Mexico Ben Ray Luján

    Washington, D.C. – U.S. Senator Ben Ray Luján (D-N.M.) released the following statement in response to reports stating that the General Services Administration (GSA) is moving to discontinue the government’s lease for the Department of Energy’s (DOE) Carlsbad Field Office. DOE’s Carlsbad Field Office employs nearly 200 federal workers who oversee highly radioactive nuclear waste from nuclear defense activities at the Waste Isolation Pilot Plant (WIPP).

    “WIPP is critical to our national security. Now, Elon Musk and President Trump are jeopardizing WIPP’s operations and its ability to safely manage the disposal of nuclear waste. The Carlsbad Field Office exists to ensure that WIPP can safely and effectively conduct its operations, and a potential closure could lead to delays in nuclear waste disposal and puts our environmental safety at risk.

    “Closing the Carlsbad Field Office would not only undermine the safety protocols at WIPP to protect the public and environment but also will put hundreds of federal jobs in one of the most rural areas of our state at risk. The Carlsbad Field Office is critical for WIPP’s mission, and I will fight to ensure DOE and GSA does not close this facility and put our national and environmental security at risk.”

    MIL OSI USA News –

  • MIL-OSI USA: King, Cruz Introduce Bipartisan Legislation to Modernize Ocean Mapping for Fishing and Boating Navigation

    US Senate News:

    Source: United States Senator for Maine Angus King

    WASHINGTON, D.C. — U.S. Senators Angus King (I-ME), a member of the Senate Committee on Energy and Natural Resources (ENR), and Ted Cruz (R-TX) have introduced bipartisan legislation to modernize mapping information on public oceans in an effort to improve public safety and provide navigation guidance through a user-friendly smartphone app. The bipartisan Modernizing Access to Our Public Oceans (MAPOceans) Act would require the federal government to standardize and digitize information about ocean recreation and navigation. This would create a one-stop shop that would help to ensure sportsmen and women can recreate in a safe and responsible manner.

    “Maine’s Atlantic coastline is an incredible natural treasure and one that attracts outdoor enthusiasts from around the country. If you want to enjoy the water, there should be an app for that purpose,” said Senator King, Chair of the Congressional Sportsmen’s Caucus. “The bipartisan MAPOceans Act would combine all the available information about ocean recreation and navigation into a one-stop resource containing information about ocean recreation and navigation that you can hold in the palm of your hand. From deep-sea anglers to sailors and lobstermen, this legislation ensures that every person seeking adventure in Maine has the opportunity to do so safely and responsibly.”

    “Many Texans and Americans enjoy recreational fishing and boating, but it can be difficult to find reliable information about access to waterways and restricted areas,” said Senator Cruz. “I am proud to lead the effort to ensure anglers, boaters, and other users have easy access to accurate information on fishery area closures, so they can focus on appreciating what America’s beautiful waterways have to offer instead of wading through confusing agency websites.”

    Senator King is among the Senate’s leading voices for conservation of our nation’s outdoor treasures. In 2022, his bipartisan MAPLand bill to modernize park and public land mapping was signed into law. He also helped lead the passage the Great American Outdoors Act (GAOA) into law; the legislation includes the Restore Our Parks Act — a bill led by Senator King — and the Land and Water Conservation Fund (LWCF) Permanent Funding Act. The historic legislative package continues Senator King’s career-long focus on conservation efforts, dating back to his work prior to running for elected office through his years as Governor and his service in the Senate. Over the course of his time in the Blaine House, Governor King was responsible for conserving more land across Maine than all Governors before him combined. 

    MIL OSI USA News –

  • MIL-OSI USA: Senators Markey and Cassidy Reintroduce Children and Teen’s Online Privacy Protection Legislation

    US Senate News:

    Source: United States Senator for Massachusetts Ed Markey
    Bill Text (PDF)
    Washington (March 4, 2025) – Senators Edward J. Markey (D-Mass.), a member of the Senate Committee on Commerce, Science, and Transportation, and Bill Cassidy (R-La.) today reintroduced the bipartisan Children and Teens’ Online Privacy Protection Act (COPPA 2.0), which would update online data privacy rules for the 21st century and ensure children and teenagers are protected online. Senator Markey first introduced this legislation to update his original COPPA law in 2011 as a member of the House of Representatives and has introduced the bipartisan legislation in every Congress since.
    “We need strong modern legislation that keeps pace with the ever-evolving digital landscape and creates a safer online environment by addressing the youth mental health crisis and protecting the personal information of our kids,” said Senator Markey. “Congress must finally pass my Children and Teens’ Online Privacy Protection Act to extend these protections to teenagers, block targeted advertising to kids and teens, and give parents of young people an eraser button to protect them from predatory data collection practices.”
    “Every kid has an iPad or smartphone. They’re going to use the internet. Parents should be confident they can do it safely,” said Dr. Cassidy. “COPPA 2.0 is the tool that will give parents the peace of mind they need and keep their children’s personal information secure.”
    The legislation is also cosponsored by Senate Commerce Committee Ranking Member Maria Cantwell (D-Wash.) and Senators Brian Schatz (D-Hawaii), Shelly-Moore Capito (R-W.V.), Amy Klobuchar (D-Minn.), Mike Crapo (R-Idaho), Ron Wyden (D-Ore.), Chuck Grassley (R-Iowa), Ben Ray Lujan (D-N.M.), Richard Blumenthal (D-Conn.), Jeff Merkley (D-Ore.), Peter Welch (D-Vt.), Angus King (I-Maine), Mark Kelly (D-Ariz.), Katie Britt (R-Ala.) and Martin Heinrich (D-N.M.).
    Specifically, the Children and Teens’ Online Privacy Protection Act would:
    Ban targeted advertising to children and teens;
    Create an “Eraser Button” by requiring companies to permit users to delete personal information collected from a child or teen;
    Establish data minimization rules to prohibit the excessive collection of children and teens’ data;
    Revise COPPA’s “actual knowledge” standard to close the loophole that allows platforms to ignore kids and teens on their site; and
    Build on COPPA by prohibiting internet companies from collecting personal information from users who are 13 to 16 years old without their consent.
    The legislation is endorsed by AASA – the School Superintendents Association, ACCESS Lab – Washington University in St. Louis, Alaska Eating Disorders Alliance, American Academy of Pediatrics, American Association for Psychoanalysis in Clinical Social Work, American Federation of Teachers, American Psychological Association, Association of Educational Service Agencies, Bilateral Safety Corridor Coalition, Carolina Resource Center for Eating Disorders, Center for Change, Center for Digital Democracy, Center for Humane Technology, Centerstone, CHILD USA, Children’s Justice Fund, Common Sense Media, Consumer Action, Consumer Federation of America, Consumer Watchdog, Defending the Early Years, Design It For Us, Early Childhood Work Group, Screen Time Action Network, Eating Disorder Foundation, Eating Disorders Coalition, Electronic Privacy Information Center (EPIC), Fairplay, Farrington Specialty Centers, Foolproof, IFEDD – The International Federation of Eating Disorder Dietitians, Inseparable, International Society for Psychiatric Mental Health Nurses, Issue One, Lines for Life, Marsh Law Firm PPLC, Mentari, MO Eating Disorders Council, Multi-Service Eating Disorders Association, Inc. (MEDA), National Association for Pupil Transportation, National Association of School Nurses, National Federation of Families, National Parent Teacher Association (PTA), National Rural Education Association, Network for Public Education, P.E.A.C.E (Peace Educators Allied for Children Everywhere), Parents Who Fight, Phone Free Schools Movement, Public Interest Privacy Center (PIPC), Postpartum Support International, Prosperity Eating Disorders and Wellness, Psychotherapy Action Network (PsiAN), Public Citizen, PEDC, REGO Payment Architectures, Sandy Hook Promise, Strategic Training Initiative for the Prevention of Eating Disorders, Student Data Privacy Project, University of Connecticut Rudd Center for Food Policy & Health, Western Youth Services, Yellowstone Human Trafficking Task Force, and Young People’s Alliance.
    “The Children and Teens’ Online Privacy Protection Act, reintroduced by Senators Markey and Cassidy and other Senate co-sponsors, is more urgent than ever. Children’s surveillance has only intensified across social media, gaming, and virtual spaces, where companies harvest data to track, profile, and manipulate young users. COPPA 2.0 will ban targeted ads to those under 16, curbing the exploitation, manipulation, and discrimination of children for profit. By extending protections to teens and requiring a simple ‘eraser button’ to delete personal data, this legislation takes a critical step in restoring privacy rights in an increasingly invasive digital world,” said Katharina Kopp, Deputy Director of the Center for Digital Democracy.
    “Common Sense Media believes Congress must update the Children’s Online Privacy Protection Act to strengthen safeguards for young children and extend vital protections to teenagers. Common Sense applauds Senators Markey and Cassidy for their unwavering commitment to this critical cause. With strong bi-partisan support having carried this legislation through the Senate last year, we are optimistic about securing passage in both chambers this year – America’s families deserve no less. This bill would take decisive action by prohibiting targeted advertising to young users, requiring platforms to acknowledge and protect children on their sites, and prevent companies from exploiting youth vulnerabilities for profit. This time has come for Congress to finally pass this essential legislation,” said James P. Steyer, Founder and CEO of Common Sense Media. 
    “The Children and Teens’ Online Privacy Protection Act is an essential step toward addressing youth mental health and online safety. By expanding critical privacy protections to teens for the first time, banning targeted advertising, and closing loopholes that allow platforms to ignore the presence of underage users, COPPA 2.0 will disrupt the business model that capitalizes on our kids’ attention at the expense of their physical and mental wellbeing. Last year, the Senate demonstrated the importance of this landmark legislation by passing it in a historic 91-3 vote. We applaud Senators Markey and Cassidy for reintroducing it so that Congress can finish the job and pass privacy protections for all youth in the 119th Congress,” said Haley Hinkle, Policy Counsel at Fairplay.
    “National PTA is committed to making sure that safeguards are in place to ensure the safety and well-being of children and youth online,” said Yvonne Johnson, President of the National Parent Teacher Association, the nation’s oldest and largest child advocacy association. “That’s why we’ve strongly advocated for COPPA 2.0, which would provide a long-overdue and desperately needed update of federal law to better protect the personal information of children online and ban targeted advertising toward children and teens. Our association applauds Senators Markey and Cassidy for reintroducing this critical legislation.”  
    “Design It For Us strongly supports Senators Markey and Cassidy reintroducing COPPA 2.0 to better protect the privacy of young people online. As a coalition of young advocates, we are all too familiar with Big Tech’s toxic business model that collects massive amounts of data on young people and uses it to target them with ads and content. Young people deserve the critical protections COPPA 2.0 has to offer, including privacy tools and an eraser button to delete personal information,” said Zamaan Qureshi, Co-Chair of Design It For Us.
    “Social media companies generate astronomical profits off our nation’s young people by turning platforms into a playground for advertisers. They are literally selling access to our children with targeted ads designed to prey on kids’ vulnerabilities. A child as young as 13 struggling with an eating disorder will be targeted with a constant stream of deceptive ads for the next miracle diet pill. In what other setting would we ever allow that? Parents across the country are calling for common-sense age restrictions on targeted ads on social media. COPPA 2.0 is a much-needed answer to their call,” said Dr. S. Bryn Austin, Board Member at Eating Disorders Coalition and Director of the Strategic Training Initiative for the Prevention of Eating Disorders.
    “The Public Interest Privacy Center (PIPC) is proud to support the re-introduction of COPPA 2.0. COPPA 2.0 increases the age of individuals entitled to foundational privacy protections online from children under 13 to teens under 17. In today’s digital world, prioritizing the privacy and safety of children and teens online should no longer be optional. COPPA 2.0 will help to make this a reality,” said Amelia Vance, President of Public Interest Privacy Center.
    “AASA is proud to support the re-introduction of COPPA 2.0. This legislation is more important than ever, as it will fill the gap left by the Federal Trade Commission declining to codify long-standing guidance allowing schools to consent to edtech in their recent update to the COPPA Rule. COPPA 2.0 finds the right balance between increasing protections for children and teen privacy online while still allowing schools to provide appropriate, technology-enhanced educational opportunities for all students,” said Dr. David R. Schuler, Executive Director of AASA, The School Superintendents Association.
    “Public school educators and parents want kids to learn and thrive in safe, engaging and welcoming schools. However, Big Tech’s dismal failure to erect basic safeguards around its predatory social media products has resulted in a growing plague of loneliness, anxiety and depression. We must pass commonsense regulations and laws to protect children from these dangers, just as we did with lead paint and seatbelts, and as Congress almost did last year before Meta’s last minute opposition lobbying. Sen. Ed Markey’s bill, COPPA 2.0, would protect our kids by modernizing and strengthening privacy laws to reflect the online world they live in now. And it would stop Big Tech’s invasive data practices that track and traumatize kids for profit,” said Randi Weingarten, President of the American Federation of Teachers (AFT).
    “For too long, Big Tech has evaded accountability by exploiting young users with manipulative design features and harvesting their data to fuel addictive algorithms. As long as these companies profit from hooking children and exploiting their sensitive data, they will continue to prioritize profits at-all-cost over democracy. The Children and Teens’ Online Privacy Protection Act 2.0 shifts this paradigm by introducing critical protections, including data minimization requirements, a ban on targeted advertising to children and teens, and the closure of loopholes that allow platforms to ignore young users on their sites. Congress now has a crucial opportunity to stand with millions of Americans — parents, young people, and advocates — demanding common-sense safeguards for kids online,” said Alix Fraser, Vice President of Technology Reform at Issue One.
    “In the absence of a strong federal comprehensive privacy law, it’s critical that we at least protect the most vulnerable people online — kids and teens. Senator Markey and Cassidy’s Children and Teens’ Online Privacy Protection Act (COPPA 2.0) does this by placing critical limits on the amount of data that can be collected from young users online to what is necessary for the product or service requested by the child or teen. EPIC is proud to support COPPA 2.0,” said Caitriona Fitzgerald, Deputy Director at the Electronic Privacy Information Center (EPIC).
    “The Young People’s Alliance supports Senator Markey and Senator Cassidy as they reintroduce COPPA 2.0, a critical step in curbing Big Tech’s exploitative revenue model. Data privacy cuts predatory platforms off at the source, limiting their ability to track, manipulate, and profit off kids. This, alongside banning targeted ads and allowing minors to delete their data will give young people more control over their online experiences, which we are extremely grateful to see,” said Ava Smithing, Advocacy Director at the Young People’s Alliance.
    “The Children and Teens’ Online Privacy Protection Act (COPPA 2.0) is an important piece of legislation to protect young people from harmful and exploitative advertising online. We strongly support this bipartisan bill and applaud the legislators who are working to see that it passes. Kids are not just tiny adults – their young minds are incredibly vulnerable to the content they’re exposed to on social media. This can lead to terrible and tragic outcomes like violence, self-harm, and suicide. As trusted adults, we must do all we can to protect our youth from these kinds of dangerous marketing practices and online materials,” said Mark Barden, Co-Founder and CEO of the Sandy Hook Promise Action Fund and father of Daniel, who was killed in the Sandy Hook Elementary shooting.
    In December 2024, Senator Markey blasted the decision not to include COPPA 2.0 in the continuing resolution to fund the government through March 14, 2025. In September 2024, the House Energy and Commerce Committee passed COPPA 2.0 by a voice vote. In July 2024, the U.S. Senate passed the Kids Online Safety and Privacy Act, which included COPPA 2.0, by a 91-3 vote. In July 2023, the Senate Commerce, Science, and Transportation Committee unanimously passed COPPA 2.0.

    MIL OSI USA News –

  • MIL-OSI New Zealand: Greenpeace – Fonterra’s palm kernel supply link to illegal palm operations bad news for Nestlé

    Source: Greenpeace

    Greenpeace Aotearoa says Fonterra’s entire supply chain is tainted with illegal palm products after all of the major importers of palm kernel into New Zealand have been found to be illegally operating palm plantations in Indonesia.
    A decree from the Indonesian Minister of Forestry released a list of 436 companies operating palm plantations without proper permits in Indonesian forest areas. New Zealand’s main importers of palm kernel – Wilmar International, Viterra, GAR, Musim Mas and Apical – are all implicated in this list of illegal operators.
    Greenpeace spokesperson Sinéad Deighton-O’Flynn says, “Over the last 20 years, nearly 10 million hectares of primary forest have been destroyed in Indonesia, and palm plantations have been the leading driver of that deforestation. It is shameful that New Zealand’s dairy industry, led by Fonterra, continues to contribute to this destruction through its reliance on palm kernel.”
    New Zealand is the world’s biggest importer of palm kernel, importing nearly 2 million tonnes annually from Southeast Asia. Palm kernel is used as a supplementary feed for dairy cows, particularly during dry summer months when there isn’t enough grass to feed the dairy herd. The main importer of palm kernel to New Zealand is Wilmar International, the parent company of Agrifeeds, which sells its palm kernel exclusively through Fonterra’s Farm Source stores.
    “This new evidence indicates that Fonterra and Agrifeeds are both complicit in deforestation and the destruction of rare wildlife habitat in Southeast Asia,” says Deighton-O’Flynn.
    “When Fonterra uses deforestation-linked palm kernel, it becomes embedded in its dairy products, tainting its entire supply chain. This means products like Kit Kat, Snickers bars and Milo, which are made with Fonterra’s dairy, are linked to deforestation too.”
    An analysis published by Greenpeace Indonesia indicated that as of 2019, illegal oil palm plantings in Indonesia’s forest estate occupied 183,687 hectares of land previously mapped as orangutan habitat and 148,839 hectares of Sumatran tiger habitat. Both species are critically endangered.
    In Decree 36/2025, Indonesia’s Minister of Forestry revealed that over 1 million hectares of forest are being used for palm plantations illegally, with 790,474 hectares in the process of settlement, while 317,253 hectares have been rejected for settlement.
    Deighton-O’Flynn says, “Fonterra made a commitment to zero deforestation in its supply chains by 2025, and its biggest customers like Nestlé, MARS and Danone all have Zero Deforestation policies. However, this Indonesian Government decree implicates all of these companies in illegal operations and associated historic deforestation in Indonesia.”
    Wilmar International, and many of the other companies listed hold Roundtable on Sustainable Palm Oil (RSPO) certifications. A Greenpeace report from 2021, found that certifications like RSPO are weak tools to protect rainforests and peatlands from deforestation.
    “Fonterra must ban the use of rainforest-destroying palm kernel on all of its farms across the country in light of these new developments. The company cannot continue to claim to be deforestation-free while relying on this destructive feed.”
    In late 2024, Greenpeace announced it was suing Fonterra for false claims on its Anchor Butter packaging. The packaging bore a label reading ‘100% New Zealand grass-fed’, despite Fonterra’s own policy allowing for up to 20% of a cow’s diet to be palm kernel. Since the lawsuit was announced on September 30th, the dairy giant has changed the logo on the packaging – but the grass-fed claim remains.
    Deighton O’Flynn says, “Fonterra must phase out the use of palm kernel, instead of relying on greenwash tactics, like misleading logos, weak sustainability certifications and a deforestation policy that ignores rainforest destroying palm kernel.
    “As Fonterra looks to sell its consumer brands, we’re issuing a warning to potential buyers. Fonterra’s grass is not as green as they claim it is – in fact, in some cases, it isn’t grass at all.”

    MIL OSI New Zealand News –

  • MIL-OSI Africa: Congo and the African Development Bank celebrate the strengthening of their strategic partnership for inclusive and sustainable development

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

    BRAZZAVILLE, Congo (Republic of the), March 4, 2025/APO Group/ —

    Talks held by the African Development Bank Group (www.AfDB.org) in the Republic of Congo from 24 – 28 February 2025 marked a significant step forward in strengthening the strategic partnership between the Bank and the Central African country.

    Led by Solomane Koné, Acting Director General for Central Africa, the discussions reinforced cooperation to accelerate national development priorities.

    They also coincided with the signing of two grant agreements (apo-opa.co/41HG8HS) totalling $1.5 million to address Congo’s energy challenges:

    • A $585,000 grant from the Middle Income Country Technical Assistance Fund to fund feasibility studies for hydroelectric infrastructure on the Congo River.
    • A $995,000 grant from the Korea-Africa Economic Cooperation Trust Fund (KOAFEC) to enhance the electrical transmission line between Pointe-Noire and Brazzaville.

    “The projects funded by these agreements will help us to open up power pools with neighbouring countries, such as the Democratic Republic of Congo. The African Development Bank will again play an essential role, since it is a stakeholder in numerous initiatives, including the new Mission 300 (apo-opa.co/41qMj1F), which our country welcomes,” commented the Congolese Minister of the Economy, Planning and Regional Integration, Ludovic Ngatsé, who is also the Bank Group’s governor for his country.

    “This financial support illustrates the Bank’s willingness to support Congo in modernizing its energy infrastructure, which is essential for diversifying its economy,” added Koné.

    In the digital sector, a visit to the Data Center (https://apo-opa.co/3XrGmjT), currently being built in Congo as part of the Central African Backbone fibre optic project, highlighted the country’s technological advances. This strategic centre will help improve national and regional connectivity, while supporting the emergence of an inclusive digital economy and sovereignty.

    Strategic discussions for stronger cooperation

    The Bank Group’s mission was also punctuated by high-level meetings, including with the Prime Minister, Anatole Collinet Makosso, and the Minister of the Economy, Planning and Regional Integration, Ludovic Ngatsé, and other members of the Congolese government. The talks were an opportunity to reiterate the Bank’s commitment to supporting the structural reforms and implementation of Congo’s National Development Plan (NDP) 2022-2026.

    The Bank Group’s mission encouraged the government to pursue the satisfactory implementation of major reforms, particularly in terms of debt management, to allow the Bank to provide funding, from 2025 onwards, for core projects that have already been planned or are in preparation, particularly in the energy sector.

    “You can be reassured by the fact that we are going to keep our commitments and will continue to count on the Bank’s valuable support,” stated the Congolese Prime Minister.

    The Bank’s representatives were welcomed by the Ministers of Agriculture, Livestock Farming and Fishing; Technical and Vocational Education; Finance, the Budget and Public Holdings; and Energy and Water, among others. The talks with ministers helped consolidate the strategic dialogue on key questions, review the progress of current projects – some of which are approaching completion, with tangible results – monitor commitments and discuss the prospects of the partnership between the African Development Bank Group and the Republic of Congo.

    A meeting with United Nations representatives also provided an opportunity to explore synergies with the Bank to maximize the impact of interventions, particularly in energy. The working meeting with the Central Africa Power Pool highlighted the importance of regional integration in this sector to respond to the country’s energy security and access challenges.

    Outlook for positive cooperation

    The Bank Group’s mission to Congo also opened prospects for mobilizing new funding to support strategic sectors, especially energy, digital infrastructure and roads.

    The Bank Group’s mission to Congo explored new funding opportunities for key sectors, including energy, digital infrastructure, and roads.

    The Bank plans to provide technical assistance to help Congo reassess its GDP, incorporating natural capital—a key step in unlocking climate funding.

    Congo has also expressed interest in joining the second cohort of Energy Compacts under Mission 300 (https://apo-opa.co/41qs981), a joint initiative by the African Development Bank and World Bank.

    Lastly, discussions covered Congo’s hosting of the Bank’s 2026 Annual Meetings, with the Prime Minister reaffirming the country’s readiness to ensure a successful event.

    The Bank is planning to provide technical assistance to support Congo in “reassessing” its gross domestic product to take account of its natural capital, creating a genuine opportunity to mobilize climate funding.

    Moreover, Congo has expressed its interest in being part of the second cohort of countries committed to Energy Compacts in the context of Mission 300 (https://apo-opa.co/3Xvrd15), an unprecedented initiative by the African Development Bank and World Bank. Finally, the mission discussed the organization by Congo of the Bank Group’s 2026 Annual Meetings. The Congolese Prime Minister offered reassurance as to his country’s preparedness and promised a successful outcome.

    “The relationship between the African Development Bank and the Republic of the Congo is excellent. The Bank has always been at our side, providing various forms of support, both operationally and in terms of strategic advice. It exerts its influence to back initiatives to support Congo, and it has my sincere thanks for that,” concluded Anatole Collinet Makosso.

    Cooperation between the African Development Bank and the Republic of the Congo is based on the Country Strategy Paper (CSP) 2023-2028 (https://apo-opa.co/41EiyMo), which focuses on two priority areas: the development of sustainable infrastructure to strengthen value chains with high growth potential, and improving human capital and economic governance to support social inclusion.

    MIL OSI Africa –

  • MIL-OSI: Alm. Brand A/S – Completion of proportionate buyback of shares from Foreningen Alm. Brand af 1792 fmba

    Source: GlobeNewswire (MIL-OSI)

    Today, Alm. Brand Group A/S has completed a block buyback of 47,710,542 shares for a total amount of DKK 764,8 million from Foreningen Alm. Brand af 1792 fmba, equivalent to 47.8% of the total share buyback of DKK 1.6 billion announced on 22 January 2025 through company announcement no. 4/2025. The buyback is related to the divestement of Energy & Marine. The block buyback was completed to maintain Foreningen Alm. Brand af 1792 fmba’s percentage ownership interest in Alm. Brand Group A/S following completion of the total share buyback. The block buyback was completed at the closing price of the company’s shares on Nasdaq Copenhagen on 4 March 2025.

    In accordance with section 31 of the Danish Capital Markets Act, Alm. Brand A/S hereby announces that the portfolio of treasury shares now exceeds 5% of the shares in Alm. Brand A/S.

    Contact
    Please direct any questions regarding this announcement to:

            

    Head of IR, Rating and ESG reporting        
    Mads Thinggaard                 
    Mobile no. +45 2025 5469        

    Attachment

    The MIL Network –

  • MIL-OSI USA: Welch Joins Colleagues in Pressing for Timely Disaster Assistance for All Farmers

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)
    WASHINGTON, D.C. – U.S. Senator Peter Welch (D-Vt.), Ranking Member of the Senate Agriculture Subcommittee on Rural Development, Energy, and Credit, joined Senator Amy Klobuchar (D-Minn.), and 13 of their Democratic colleagues in pressing the Trump Administration for assurances that assistance for economic challenges in 2024 and natural disasters in 2023 and 2024 will be honored for all farmers—including row crop and specialty crop farmers—and distributed as quickly as possible. The Senators emphasized the need for farmers to receive this aid as they make decisions for spring planting season. 
    In the letter to Secretary of Agriculture Brooke Rollins, the Senators wrote: “Farmers are making decisions right now about fertilizer usage and their crop mix and are working with their bankers to figure out if they can secure the financing they need to continue farming this year. Without the timely delivery of economic and disaster assistance, farmers face the prospect of reducing plantings or liquidating assets to remain in business as they head into another potentially difficult growing season.” 
    In 2023, major weather disasters caused over $21 billion in crop losses, with extreme weather causing $69 million in Vermont’s food and agricultural sector. In Vermont, floods in July 2023 and July 2024 impacted nearly 31,000 acres of farmland across the state and resulted in at least $50 million in agricultural losses and damages. As a result of a growing gap in disaster aid relief funding, many Vermont farmers are increasingly operating in the red or losing their livelihoods altogether. In the absence of immediate federal assistance, damage caused by past natural disasters will continue to impact Vermont farmers’ future growing seasons.  
    In addition to Senators Welch and Klobuchar, the letter was signed by Sens. Reverend Raphael Warnock (D-Ga.), Michael Bennet (D-Colo.), Tina Smith (D-Minn.), Dick Durbin (D-Ill.), Cory Booker (D-N.J.), Ben Ray Luján (D-N.M.), Adam Schiff (D-Calif.), Elissa Slotkin (D-Mich.), Kirsten Gillibrand (D-N.Y.), Patty Murray (D-Wash.), Ron Wyden (D-Ore.), Jeff Merkley (D-Ore.), and Richard Blumenthal (D-Conn.). 
    Read the full letter here. 

    MIL OSI USA News –

  • MIL-OSI Economics: Independent Oil and Natural Gas Producers Statement Ahead of President Trump’s Address to Joint Session of Congress

    Source: Independent Petroleum Association of America

    Headline: Independent Oil and Natural Gas Producers Statement Ahead of President Trump’s Address to Joint Session of Congress

    Mar 4, 2025 Independent Oil and Natural Gas Producers Statement Ahead of President Trump’s Address to Joint Session of Congress

    Posted at 09:00h in Press Releases by

    WASHINGTON – Independent Petroleum Association of America (IPAA) President & CEO Jeff Eshelman issued the following statement ahead of President Donald Trump’s address to a Joint Session of Congress:

    “President Trump’s address today comes at a historic time; last week both chambers passed the first Congressional Review Act resolution of the year which nullifies the methane tax regulations on energy producers put in place by the Biden Administration, an issue IPAA has active in since the tax’s wrongful inclusion in the Inflation Reduction Act. Our association was the first to testify in opposition to the methane tax and supported its elimination in H.R. 1 last Congress. This Congress’ action to nullify this tax helps American consumers, and we urge President Trump to quickly sign the CRA resolution as part of his larger energy dominance agenda.

    “Independent oil and natural gas producers will also be listening to the address for news on tariffs. While IPAA supports the pro-domestic energy and pro-jobs agenda of the Trump Administration, steel and aluminum tariffs increase the cost of well construction for U.S. oil and natural gas producers. Steel imports are essential to the industry and imports comprise up to half of the U.S. supply for the specific quality of steel in the line pipe and oil country tubular goods (OCTG) marketplace. The new tariffs on steel and aluminum imports could undermine the successes of the Administration’s goal of American Energy Dominance.”

    MIL OSI Economics –

  • MIL-OSI: Ambiq Democratizes Edge AI with the Apollo330 Plus Series SoCs

    Source: GlobeNewswire (MIL-OSI)

    AUSTIN, Texas, March 04, 2025 (GLOBE NEWSWIRE) — Ambiq®, a leading provider of ultra-low-power semiconductor solutions that address the significant power consumption challenges of conventional and AI compute at the edge, unveils the Apollo330 Plus System-on-Chip (SoC) series. The series consists of the base Apollo330 Plus, the Apollo330B Plus, and the Apollo330M Plus, each offering a rich set of peripherals and connectivity options for healthcare, smart homes and buildings, industrial edge applications, and more to drive always-on and real-time AI at the edge.

    Key Features:

    • Up to 250 MHz Arm® Cortex ®-M55 application processor with turboSPOT® and Arm® Helium™ technology
    • 48/96 MHz Arm Cortex-M4F network processor and multi-protocol radio (in wireless product options)
    • Over 16x faster performance and lower latency, and 30x better AI energy efficiency than similar solutions based on previous generation Cortex-M processors
    • Ultra-low power digital microphone PDM for truly always-on voice
    • Multiple package and connectivity options such as Bluetooth® Low Energy, Matter, and Thread for diverse edge devices

    The Apollo330 Plus series is purpose-built to enable always-on and real-time AI inferencing on devices. Built on Ambiq’s proprietary subthreshold power optimized technology (SPOT®) platform, it achieves unprecedented 16x faster performance and up to 30x better AI energy efficiency compared to similar solutions based on previous generation Cortex-M processors, so manufacturers can deliver innovative features while extending device lifetimes, offering multi-protocol connectivity across diverse endpoints, and enhancing user experiences.

    The Apollo330 Plus architecture fully leverages the Arm Cortex-M55 processor with Arm Helium technology for AI acceleration, processing up to 8 MACs per cycle. The Apollo330 Plus series includes 2MB of on-chip system RAM, 2MB of embedded non-volatile memory, a large 32kB I-cache and 32kB D-cache on a wide bus, and a multi-protocol radio for developers to create high-performing and power-efficient products.

    “While today’s smart devices rely heavily on power-hungry cloud computing, the Apollo330 Plus series creates a brand-new opportunity by enabling true edge AI processing,” says Fumihide Esaka, CEO of Ambiq. “This empowers manufacturers to create longer-lasting, more responsive, intelligent devices for homes, offices, and factories.“

    “With a growing number of new and compelling edge AI applications emerging across markets including industrial and smart home, enabling ultra-low-power AI processing directly at the edge will be transformative,” said Laurence Bryant, VP segment marketing, IoT Line of Business at Arm. “With this new solution, built on Arm, Ambiq is paving the way for smarter, more efficient devices that can deliver real-time intelligence across a wide range of use cases.“

    The Apollo330 Plus series offers three variants:

    • The Apollo330 Plus base model without wireless connectivity offers a rich set of peripherals for wearables, medical/healthcare, and smart home, empowering developers to create sophisticated sensor-based applications easily.
    • The Apollo330B Plus extends upon the Apollo330 Plus with Bluetooth® Low Energy (BLE) support for a wide selection of connected peripherals and audio applications
    • The Apollo330M Plus further adds multi-protocol radio support for IEEE 802.15.4, Thread, and Matter, enabling low-power interoperability mesh networking between next-gen smart home, smart meter, and industrial edge devices

    Its streamlined multi-core architecture comprises a powerful application processor and a dedicated network co-processor for uncompromised radio performance. The design simplifies development while delivering uncompromised multi-protocol radio performance with robust signal strength up to +14dBm signal strength and enhanced radio sensitivity.

    Innovative secureSPOT® 3.0 features based on Arm TrustZone® technology further enhance Apollo330 Plus Series SoCs, ensuring the integrity and confidentiality of data transmitted and processed by connected devices. With hardware-based security mechanisms, such as secure boot and secure firmware updates, these SoCs provide robust protection against unauthorized access and malicious attacks, enabling secure deployment in various applications.

    As the newest addition to Ambiq’s portfolio, the Apollo330 Plus SoC series sets a new standard for ultra-low-power AI processing at the edge. With more connectivity, security, a wider set of peripheral interfaces, and multiple package options, these SoCs provide developers with the tools they need to implement sophisticated, energy-efficient AI solutions in edge devices.

    Check out the Apollo330 Plus SoC Series, and visit Ambiq at Embedded World 2025 by booking a meeting with their team.

    About Ambiq

    Our mission is to enable intelligence (artificial intelligence (AI) and beyond) everywhere by delivering the lowest power semiconductor solutions. We enable our customers to deliver artificial intelligence compute at the edge where power consumption challenges are the most profound. Our technology innovations, built on the patented and proprietary subthreshold power optimized technology (SPOT), fundamentally deliver a multi-fold improvement in power consumption over traditional semiconductor designs. We’ve powered over 260 million devices today. For more information, visit www.ambiq.com.

    Contact 

    Charlene Wan 
    VP of Branding, Marketing, and Investor Relations
    cwan@ambiq.com
    +1.512.879.2850

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/caa4645a-4944-4bf7-b13b-0a3177b7d62c

    The MIL Network –