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Category: Energy

  • MIL-OSI USA: Senators Coons, Moran introduce legislation to expand financing options for new energy projects

    US Senate News:

    Source: United States Senator for Delaware Christopher Coons

    WASHINGTON – U.S. Senators Chris Coons (D-Del.) and Jerry Moran (R-Kan.) reintroduced the Financing Our Energy Future Act, which expands certain financing tools to all types of energy resources and infrastructure projects. The legislation would allow clean energy resources and infrastructure projects to form as master limited partnerships (MLPs), a tax structure currently only available to traditional energy projects. Newly eligible energy sources would include advanced nuclear, sustainable aviation fuel, hydrogen, biodiesel, biomass, carbon capture, and more.

    “At a time when the United States needs to boost domestic energy production to meet surging demand, Congress should ensure all energy sources are competing on a level playing field,” said Senator Coons. “The Financing our Energy Future Act is a straightforward, bipartisan solution that will bolster investment in American energy projects, create good-paying jobs, and accelerate our transition to cleaner energy sources.”

    “Being energy independent requires an all-of-the-above approach to energy production,” said Senator Moran. “Emerging renewable energy companies currently do not have access to a number of tax incentives available to other energy companies. Expanding these incentives to more companies will increase U.S. energy production, spur innovation, and help reduce prices for consumers.”

    “NIA thanks Senator Coons and Moran for recognizing the role master limited partnerships can play in supporting our nation’s advanced nuclear energy leadership,” said Judi Greenwald, Executive Director of the Nuclear Innovation Alliance. “Their bipartisan master limited partnerships legislation will help commercialize important innovations in advanced nuclear energy and other key technologies, increase U.S. competitiveness, and create jobs.”

    “The Energy Infrastructure Council commends Senators Moran and Coons, along with Representatives Estes and Thompson, for their leadership in introducing the Financing Our Energy Future Act,” said Lori Ziebart, President and CEO of the Energy Infrastructure Council. “This bipartisan legislation is one step that Congress can take this year to grow the energy economy to benefit all working-class Americans. It expands the master limited partnership structure to include new and emerging energy sources such as hydrogen, alternative energy, carbon capture and sequestration, and renewable fuels. The MLP structure has proven to be an efficient, cost-effective method for raising capital to support the development of critical energy infrastructure and provides individuals another vehicle to invest in energy infrastructure similar to real estate investment through REITS. Expanding this framework is essential as all energy sources will be needed to ensure a reliable and secure energy future. This expansion deepens the capital pool, improves market efficiency, creates jobs, and drives down costs of energy in a way that will help all Americans.”

    “To strengthen its economic base and create more reliable and affordable energy, the U.S. needs tax policies that reflect the depth and breadth of America’s energy sector,” said Frank Macchiarola, American Clean Power (ACP) Association Chief Advocacy Officer. “The Financing Our Energy Future Act offers an innovative, logical approach to that challenge that will make America’s energy sector stronger and better able to serve the needs of the nation.”

    “BPC Action applauds the introduction of the Financing Our Energy Future Act, an important step in incentivizing the deployment of innovative energy technologies to increase U.S. economic growth and global competitiveness,” said Michele Stockwell, President of Bipartisan Policy Center Action (BPC Action). “We commend Sens. Moran’s and Coons’ bipartisan leadership to level the playing field for novel energy projects—including around carbon capture, utilization, and storage, energy storage, advanced nuclear, and waste-to-energy—to have the same tax-advantaged structures currently available to fossil fuels.”

    “As the U.S. enters a period of increasing demand growth, it is important to include all forms of reliable energy in advantageous tax and financing structures to accelerate deployment and ensure grid reliability,” said Jeremy Harrell, CEO of ClearPath Action. “We are excited to see advanced nuclear included in this proposal to help catalyze the next generation of advanced reactors through access to master limited partnerships.”

    An MLP is a business structure that is taxed as a partnership but whose ownership interests are traded like corporate stock on a market. Currently, MLPs are only available to investors in energy portfolios for oil, natural gas, coal extraction, and pipeline projects. For projects to be an MLP, at least 90 percent of the project’s income must come from these sources. This legislation would amend the Internal Revenue Code to extend the publicly traded partnership ownership structure to renewable energy power generation projects.

    In addition to Senators Coons and Moran, this legislation is cosponsored by Senators Susan Collins (R-Maine), John Barrasso (R-Wyo.), Roger Marshall (R-Kan.), John Cornyn (R-Texas), Angus King (I-Maine), John Curtis (R-Utah), Kevin Cramer (R-N.D.), Pete Ricketts (R-Neb.), and Mark Warner (D-Va.).

    The full legislation can be read here.

    MIL OSI USA News –

  • MIL-OSI: Astera Labs Appoints Dr. Craig Barratt to Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    SANTA CLARA, Calif., March 03, 2025 (GLOBE NEWSWIRE) — Astera Labs, Inc. (Nasdaq: ALAB), a global leader in semiconductor-based connectivity solutions for AI and cloud infrastructure, today announced the appointment of Dr. Craig Barratt to its Board of Directors. Dr. Barratt is a seasoned technology industry veteran with decades of experience as an impactful leader and board member at networking, semiconductor, and medical device companies.

    “Craig’s proven track record of scaling high-growth technology companies and driving breakthrough innovations at industry leaders like Atheros, Google, and Qualcomm makes him an invaluable addition to Astera Labs’ Board of Directors,” said Jitendra Mohan, CEO and Co-founder, Astera Labs. “His strategic insight and deep technical expertise will provide critical guidance as we continue to expand our leadership in connectivity solutions for AI and cloud infrastructure.”

    Dr. Barratt served as President, CEO, and a Director of Atheros Communications, Inc., a fabless semiconductor company and Silicon Valley success story that developed wireless and wired communication technologies. During his tenure, he led the company through an IPO until its acquisition by Qualcomm, when he then took up the position of President at Qualcomm Atheros, the networking and connectivity subsidiary of Qualcomm.

    Dr. Barratt is also the former Senior Vice President and General Manager of the Connectivity Group at Intel Corporation, since its acquisition of Barefoot Networks, Inc., where he led the computer networking company as President and CEO. Prior to Barefoot Networks, he held several roles at Google, Inc., including Senior Vice President, Access and Energy.

    Dr. Barratt currently chairs the board of Intuitive Surgical, Inc. (Nasdaq: ISRG) – a medical device technology market leader – and previously served on the board of IonQ Inc. He holds doctorate and Master of Science degrees in electrical engineering from Stanford University, as well as undergraduate degrees in electrical engineering and in pure mathematics and physics from the University of Sydney.

    “Craig is a highly accomplished leader with deep expertise in scaling innovative technology companies and shaping transformative products in the semiconductor and networking industries,” said Manuel Alba, Chairman of the Board, Astera Labs. “His extensive board and executive experience, combined with his strategic vision, will be instrumental in helping to steer Astera Labs as we continue our rapid growth and innovation in AI connectivity.”

    “Astera Labs is at the forefront of enabling the next generation of AI and cloud infrastructure with its unmatched execution in addressing the industry’s most critical connectivity bottlenecks,” said Dr. Craig Barratt. “I am excited to join the Board and collaborate with the team to support the company’s strong momentum and strengthen its industry leadership.”

    About Astera Labs
    Astera Labs is a global leader in purpose-built connectivity solutions that unlock the full potential of AI and cloud infrastructure. Our Intelligent Connectivity Platform integrates PCIe®, CXL®, and Ethernet semiconductor-based solutions and the COSMOS software suite of system management and optimization tools to deliver a software-defined architecture that is both scalable and customizable. Inspired by trusted relationships with hyperscalers and the data center ecosystem, we are an innovation leader delivering products that are flexible and interoperable. Discover how we are transforming modern data-driven applications at www.asteralabs.com.

    © Astera Labs, Inc. Astera Labs, and its stylized logo, are trademarks of Astera Labs, Inc. or its affiliates. Other names and brands may be claimed as the property of others.

    CONTACT: Joe Balich
    Joe.balich@asteralabs.com

    INVESTOR CONTACT: Leslie Green
    ir@asteralabs.com

    The MIL Network –

  • MIL-OSI USA: Cassidy, Barrasso, Colleagues Introduce Bill to Repeal Biden Tax on American Energy, Manufacturing

    US Senate News:

    Source: United States Senator for Louisiana Bill Cassidy
    WASHINGTON – U.S. Senators Bill Cassidy, M.D. (R-LA), John Barrasso (R-WY), and colleagues introduced legislation to repeal the largest tax hike from the Democrats’ 2022 reckless tax and spending bill that makes it harder to invest, produce, and manufacture in the United States.
    “The American dream is becoming out of reach for many Americans. We should be investing in American energy, manufacturing, and jobs,” said Dr. Cassidy. “This bill is pro-American worker and pro-Louisiana.”
    “Reckless and complicated taxes like the book minimum tax undermine our nation’s supply chain, threaten our energy security, and send jobs and investments overseas,” said Senator Barrasso. “Companies that want to invest in our country, create more American jobs, and unleash American energy don’t need more punishing taxes. They especially don’t need unelected bureaucrats gaining more control of U.S. tax policy. We need to repeal this reckless and failed tax once and for all.”
    The book minimum tax is an arcane tax on U.S. job creators investing in America. The tax removes longstanding provisions to help promote economic growth and investments while creating loopholes for special interest groups. The Book Minimum Tax Repeal Act will end this harmful provision and stop unelected bureaucrats from manipulating tax policy to benefit their favorite industries.
    The legislation is supported by the National Association of Manufacturers, American Petroleum Institute, American Institute of Certified Public Accountants, National Mining Association, Independent Petroleum Association of America, Energy Infrastructure Council, U.S. Chamber of Commerce, Interstate Natural Gas Association of America, and the Western Energy Alliance.
    Cassidy and Barrasso were joined by U.S. Senators Mike Crapo (R-ID), James Lankford (R-OK), Jim Risch (R-ID), Cynthia Lummis (R-WY), Steve Daines (R-MT), Marsha Blackburn (R-TN), and Pete Ricketts (R-NE) in cosponsoring the legislation. 

    MIL OSI USA News –

  • MIL-OSI USA: Don’t Wait to Apply for FEMA Assistance in North Carolina

    Source: US Federal Emergency Management Agency

    Headline: Don’t Wait to Apply for FEMA Assistance in North Carolina

    Don’t Wait to Apply for FEMA Assistance in North Carolina

    HICKORY, N.C. – If you had uninsured losses from Tropical Storm Helene, don’t wait any longer to apply for financial help from FEMA. The deadline for applications is Saturday, March 8.FEMA may be able to help with temporary lodging, basic home repairs, personal property loss or other disaster-caused needs. Homeowners and renters in these counties can apply: Alexander, Alleghany, Ashe, Avery, Buncombe, Burke, Caldwell, Catawba, Clay, Cleveland, Gaston, Haywood, Henderson, Jackson, Lincoln, Macon, Madison, McDowell, Mitchell, Polk, Rutherford, Transylvania, Watauga, Wilkes and Yancey; and members of the Eastern Band of Cherokee Indians.There are several ways to apply: Visit a Disaster Recovery Center, go online to DisasterAssistance.gov, use the FEMA App, or call 800-621-3362. If you use a relay service, such as Video Relay Service (VRS), captioned telephone or other, give FEMA your number for that service. To find a Disaster Recovery Center, go online to fema.gov/drc or text DRC & your ZIP code to 43362.To view an accessible video on how to apply visit Three Ways to Apply for FEMA Disaster Assistance – YouTube. 
    angela.ambroise
    Mon, 03/03/2025 – 18:36

    MIL OSI USA News –

  • MIL-OSI USA: Going With the Flow: Visualizing Ocean Currents with ECCO

    Source: NASA

    Historically, the ocean has been difficult to model. Scientists struggled in years past to simulate ocean currents or accurately predict fluctuations in temperature, salinity, and other properties. As a result, models of ocean dynamics rapidly diverged from reality, which meant they could only provide useful information for brief periods.
    In 1999, a project called Estimating the Circulation and Climate of the Ocean (ECCO) changed all that. By applying the laws of physics to data from multiple satellites and thousands of floating sensors, NASA scientists and their collaborators built ECCO to be a realistic, detailed, and continuous ocean model that spans decades. ECCO enabled thousands of scientific discoveries, and was featured during the announcement of the Nobel Prize for Physics in 2021.
    NASA ECCO is a powerful integrator of decades of ocean data, narrating the story of Earth’s changing ocean as it drives our weather, and sustains marine life.
    The ECCO project includes hundreds of millions of real-world measurements of temperature, salinity, sea ice concentration, pressure, water height, and flow in the world’s oceans. Researchers rely on the model output to study ocean dynamics and to keep tabs on conditions that are crucial for ecosystems and weather patterns. The modeling effort is supported by NASA’s Earth science programs and by the international ECCO consortium, which includes researchers from NASA’s Jet Propulsion Laboratory in Southern California and eight research institutions and universities.
    The project provides models that are the best possible reconstruction of the past 30 years of the global ocean. It allows us to understand the ocean’s physical processes at scales that are not normally observable.

    Large-scale wind patterns around the globe drag ocean surface waters with them, creating complex currents, including some that flow toward the western sides of the ocean basins. The currents hug the eastern coasts of continents as they head north or south from the equator: These are the western boundary currents. The three most prominent are the Gulf Stream, Agulhas, and Kuroshio. NASA Goddard’s Scientific Visualization Studio.

    Seafarers have known about the Gulf Stream — the Atlantic Ocean’s western boundary current — for more than 500 years. By the volume of water it moves, the Gulf Stream is the largest of the western boundary currents, transporting more water than all the planet’s rivers combined.
    In 1785, Benjamin Franklin added it to maritime charts showing the current flowing up from the Gulf, along the eastern U.S. coast, and out across the North Atlantic. Franklin noted that riding the current could improve a ship’s travel time from the Americas to Europe, while avoiding the current could shorten travel times when sailing back.

    Franklin’s charts showed a smooth Gulf Stream rather than the twisted, swirling path revealed in ECCO data. And Franklin couldn’t have imagined the opposing flow of water below the Gulf Stream. The countercurrent runs at depths of about 2,000 feet (600 meters) in a cold river of water that is roughly the opposite of the warm Gulf Stream at the surface. The submarine countercurrent is clearly visible when the upper layers in the ECCO model are peeled away in visualizations.
    The Gulf Stream is a part of the Atlantic Meridional Overturning Circulation (AMOC), which moderates climate worldwide by transporting warm surface waters north and cool underwater currents south. The Gulf Stream, in particular, stabilizes temperatures of the southeastern United States, keeping the region warmer in winter and cooler in summer than it would be without the current. After the Gulf Stream crosses the Atlantic, it tempers the climates of England and the European coast as well.

    The Agulhas Current flows south along the western side of the Indian Ocean. When it reaches the southern tip of Africa, it sheds swirling vortices of water called Agulhas Rings. Sometimes persisting for years, the rings glide across the Atlantic toward South America, transporting small fish, larvae, and other microorganisms from the Indian Ocean. 
    Researchers using the ECCO model can study Agulhas Current flow as it sends warm, salty water from the tropics in the Indian Ocean toward the tip of South Africa. The model helps tease out the complicated dynamics that create the Agulhas rings and large loop of current called a supergyre that surrounds the Antarctic. The Southern Hemisphere supergyre links the southern portions of other, smaller current loops (gyres) that circulate in the southern Atlantic, Pacific, and Indian oceans. Together with gyres in the northern Atlantic and Pacific, the southern gyres and Southern Hemisphere supergyre influence climate while transporting carbon around the globe. 

    In addition to affecting global weather patterns and temperatures, western boundary currents can drive vertical flows in the oceans known as upwellings. The flows bring nutrients up from the depths to the surface, where they act as fertilizer for phytoplankton, algae, and aquatic plants.
    The Kuroshio Current that runs on the west side of the Pacific Ocean and along the east side of Japan has recently been associated with upwellings that enrich coastal fishing waters. The specific mechanisms that cause the vertical flows are not entirely clear. Ocean scientists are now turning to ECCO to tease out the connection between nutrient transport and currents like the Kuroshio that might be revealed in studies of the water temperature, density, pressure, and other factors included in the ECCO model.

    When viewed through the lens of ECCO’s temperature data, western boundary currents carry warm water away from the tropics and toward the poles. In the case of the Gulf Stream, as the current moves to far northern latitudes, some of the saltwater freezes into salt-free sea ice. The saltier water left behind sinks and then flows south all the way toward the Antarctic before rising and warming in other ocean basins. 

    Currents also move nutrients and salt throughout Earth’s ocean basins. Swirling vortexes of the Agulhas rings stand out in ECCO temperature and salinity maps as they move warm, salty water from the Indian Ocean into the Atlantic.

    ECCO offers researchers a way to run virtual experiments that would be impractical or too costly to perform in real oceans. Some of the most important applications of the ECCO model are in ocean ecology, biology, and chemistry. Because the model shows where the water comes from and where it goes, researchers can see how currents transport heat, minerals, nutrients, and organisms around the planet. 
    In prior decades, for example, ocean scientists relied on extensive temperature and salinity measurements by floating sensors to deduce that the Gulf Stream is primarily made of water flowing past the Gulf rather than through it. The studies were time-consuming and expensive. With the ECCO model, data visualizers at NASA’s Goddard Space Flight Center in Greenbelt, Maryland, virtually replicated the research in a simulation that was far quicker and cheaper.

    The example illustrated here relies on ECCO to track the flow of water by virtually filling the Gulf with 115,000 particles and letting them move for a year in the model. The demonstration showed that less than 1% of the particles escape the Gulf to join the Gulf Stream. 
    Running such particle-tracking experiments within the ocean circulation models helps scientists understand how and where environmental contaminants, such as oil spills, can spread.

    Today, researchers turn to ECCO for a broad array of studies. They can choose ECCO modeling products that focus on one feature – such as global flows or the biology and chemistry of the ocean – or they can narrow the view to the poles or specific ocean regions. Every year, more than a hundred scientific papers include data and analyses from the ECCO model that delve into our oceans’ properties and dynamics. 

    [embedded content]
    Credits: Kathleen Gaeta Greer/ NASA’s Scientific Visualization Studio 

    Composed by James Riordon / NASA’s Earth Science News Team
    Information in this piece came from the resources below and interviews with the following sources: Nadya Vinogradova Shiffer, Dimitris Menemenlis, Ian Fenty, and Atousa Saberi.  

    Liao, F., Liang, X., Li, Y., & Spall, M. (2022). Hidden upwelling systems associated with major western boundary currents. Journal of Geophysical Research: Oceans, 127(3), e2021JC017649.
    Richardson, P. L. (1980). The Benjamin Franklin and Timothy Folger charts of the Gulf Stream. In Oceanography: The Past: Proceedings of the Third International Congress on the History of Oceanography, held September 22–26, 1980 at the Woods Hole Oceanographic Institution, Woods Hole, Massachusetts, USA on the occasion of the Fiftieth Anniversary of the founding of the Institution (pp. 703-717). New York, NY: Springer New York.
    Biastoch, A., Rühs, S., Ivanciu, I., Schwarzkopf, F. U., Veitch, J., Reason, C., … & Soltau, F. (2024). The Agulhas Current System as an Important Driver for Oceanic and Terrestrial Climate. In Sustainability of Southern African Ecosystems under Global Change: Science for Management and Policy Interventions (pp. 191-220). Cham: Springer International Publishing.
    Lee-Sánchez, E., Camacho-Ibar, V. F., Velásquez-Aristizábal, J. A., Valencia-Gasti, J. A., & Samperio-Ramos, G. (2022). Impacts of mesoscale eddies on the nitrate distribution in the deep-water region of the Gulf of Mexico. Journal of Marine Systems, 229, 103721.

    MIL OSI USA News –

  • MIL-OSI Asia-Pac: PM to participate in three Post- Budget webinars on 4th March

    Source: Government of India

    PM to participate in three Post- Budget webinars on 4th March

    Webinars on: MSME as an Engine of Growth; Manufacturing, Exports and Nuclear Energy Missions; Regulatory, Investment and Ease of doing business Reforms

    Webinars to act as a collaborative platform to develop action plans for operationalising transformative Budget announcements

    Posted On: 03 MAR 2025 9:43PM by PIB Delhi

    Prime Minister Shri Narendra Modi will participate in three Post- Budget webinars at around 12:30 PM via video conferencing. These webinars are being held on MSME as an Engine of Growth; Manufacturing, Exports and Nuclear Energy Missions; Regulatory, Investment and Ease of doing business Reforms. He will also address the gathering on the occasion.

    The webinars will provide a collaborative platform for government officials, industry leaders, and trade experts to deliberate on India’s industrial, trade, and energy strategies. The discussions will focus on policy execution, investment facilitation, and technology adoption, ensuring seamless implementation of the Budget’s transformative measures. The webinars will engage private sector experts, industry representatives, and subject matter specialists to align efforts and drive impactful implementation of Budget announcements.

     

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Workshop on Sustainability in the Dairy Sector and Circularity Inaugurated by Union Home Minister and Minister of Cooperation Shri Amit Shah, in New Delhi

    Source: Government of India (2)

    Workshop on Sustainability in the Dairy Sector and Circularity Inaugurated by Union Home Minister and Minister of Cooperation Shri Amit Shah, in New Delhi

    MoUs signed between NDDB and 26 Milk Unions of 15 States for Establishment of Biogas Plants and Dairy Cooperatives

    Guidelines Released for Greening of the Dairy Sector; NDDB Sustain Plus Project Launched

    Posted On: 03 MAR 2025 7:08PM by PIB Delhi

    The Department of Animal Husbandry & Dairying (DAHD) under the Ministry of Fisheries, Animal Husbandry and Dairying successfully organized the Workshop on Sustainability in the Dairy Sector and Circularity at Bharat Mandapam, New Delhi on 3rd March 2025. Union Home Minister and Minister of Cooperation, Shri Amit Shah, inaugurated the workshop today in the august presence of Shri Rajiv Ranjan Singh alias Lalan Singh, Union Minister of Fisheries, Animal Husbandry & Dairying and Panchayati Raj. Union Ministers of State, Ministry of Fisheries, Animal Husbandry and Dairying, Prof. S.P. Singh Baghel and Shri George Kurian also graced the occasion. Alongside key stakeholders from the dairy sector, senior officials from the Department of Animal Husbandry & Dairying (DAHD), Ministry of Petroleum & Natural Gas (MoPNG), Ministry of New & Renewable Energy (MNRE), Department of Fertilizers, National Dairy Development Board (NDDB), Indian Oil Corporation Ltd. (IOCL), and various milk cooperatives also participated in the workshop.

    The workshop marked significant milestones in the field of sustainability and circularity with the signing of MoU between NDDB and NABARD to promote sustainable and inclusive growth in the dairy sector by leveraging the technical, financial and implementation support. For setting up Biogas Plants across the country NDDB has signed MoUs with 26 Milk Unions of 15 States. On this occasion,  Comprehensive Guidelines aimed at sustainability in the dairy sector (Click here) was released along with the launch of Financing Initiatives under NDDB’s (National Dairy Development Board) Small  Scale Biogas, Large Scale Biogas/Compressed Biogas projects ( Click here)  and the NDDB Sustain Plus Project for financing sustainable dairying interventions (Click here). These initiatives are expected to accelerate the adoption of circular practices in dairy farming, promoting efficient manure management and energy generation while reducing environmental impact. This national workshop has provided a crucial platform for policymakers, industry leaders, and experts to discuss and develop strategies for enhancing sustainability, reducing carbon emissions, and ensuring financial viability for small and marginal dairy farmers.

    In his address, Union Minister Shri Amit Shah said that today when we are moving towards the White Revolution 2.0, the importance of sustainability and circularity takes precedence. He said that apart from what we have achieved so far with the help of first White Revolution, sustainability and circularity in dairy sector are still to be fully accomplished. Shri Amit Shah said that India’s agriculture system is based on small farmers and their migration from villages to cities is associated with their prosperity. He said that dairy is an important option to make small farmers prosperous along with overcoming the problem of rural migration.

    Union Minister Shri Rajiv Ranjan Singh, said that with focus on circularity and sustainability in the dairy sector, use of cow dung to produce fuel will help in increasing income of farmers. Shri Singh highlighted that from the huge livestock resource of more than 53 crores, approximately 30 crore constitutes cows and buffaloes in the country. He said that a large quantity of cow dung is hence available that can be used for organic fertilizer, biofuels etc., that will boost productivity.  While thanking the Union Minister of Cooperation Shri Amit Shah, Shri Rajiv Ranjan Singh said that due to dedicated efforts of the government, the dairy sector has largely moved from unorganised to an organised sector. He highlighted the importance of circular economy practices, renewable energy initiatives, and public-private partnerships to drive green growth and farmer welfare in the country. Addressing the stakeholders, he stated that integrating eco-friendly practices with innovation will not only drive green growth but also uplift millions of farmers ensuring their prosperity.

    In her address, Smt. Alka Upadhyaya, Secretary, Department of Animal Husbandry & Dairying, emphasized the need for sustainable practices in the dairy sector and the government’s vision of integrating circular economy principles. Highlighting that India is the “Dairy of the World,” she noted that the dairy sector contributes 30 percent of the agriculture GVA. To support these sustainable practices, NDDB has introduced a new financing scheme with an allocation of Rs 1,000 crores, aimed at providing financial assistance through credit support for small biogas, large-scale biogas plants, and Compressed Biogas (CBG) projects, thereby facilitating the scaling up of various manure management models over the next 10 years.

    During the workshop, key discussions revolved around the Policy framework and financial mechanisms required to scale up circularity initiatives in dairying. Senior officials from DAHD, Ministry of New and Renewable Energy (MNRE), Department of Fertilizers, NABARD, ONGC, NDDB, Maruti Suzuki, GCMMF (Amul), Banaskantha Milk Union, AMUL, GIZ, and EKI Energy Services shared valuable insights. Key themes for deliberations included successful circular economy models, carbon credit opportunities for small dairy farmers, and the role of carbon trading in promoting sustainable practices. The dairy sector, supported by the Government of India and led by the NDDB, has initiated key manure management practices to enhance sustainability and circularity. Three notable models include the Zakariyapura Model, Banas Model and Varanasi Model which highlight dung’s potential as a valuable commodity alongside milk, contributing to a more sustainable and circular dairy ecosystem. The session concluded with a call for a structured roadmap to ensure a financially viable and environmentally responsible dairy sector.

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Government Scales Up PLI Budget to Accelerate Manufacturing

    Source: Government of India (2)

    Government Scales Up PLI Budget to Accelerate Manufacturing

    A Push for Domestic and Global Competitiveness

    Posted On: 03 MAR 2025 6:51PM by PIB Delhi

    Introduction

    India’s manufacturing sector is undergoing a transformative shift, driven by visionary policies aimed at redefining its global standing. At the heart of this transformation is the Production Linked Incentive (PLI) Scheme, a cornerstone of the government’s strategy to establish India as a global manufacturing powerhouse while promoting innovation, efficiency, and competitiveness across key industries.

    In a strong push to accelerate industrial growth, the Government has significantly increased budget allocations for key sectors under the PLI Scheme in 2025-26, reaffirming its commitment to strengthening domestic manufacturing. Several sectors have witnessed substantial hikes, with allocations for Electronics and IT Hardware soaring from ₹5,777 crore (revised estimate for 2024-25) to ₹9,000 crore, and Automobiles and Auto Components seeing a remarkable jump from ₹346.87 crore to ₹2,818.85 crore. The Textile sector has also received a major boost, with its allocation surging from ₹45 crore to ₹1,148 crore.

    PLI Schemes with the Highest Budget Allocation (2025-26)

    Name of the Scheme

    Revised Estimates 2024-25 (₹ Crores)

    Budget Estimates 2025-26 (₹ Crores)

    Production Linked Incentive (PLI) Scheme
    in electronics manufacturing and IT hardware.

    5777.00

    9000.00

    PLI for Automobiles and Auto Components

    346.87

    2818.85

    PLI for Pharmaceuticals

    2150.50

    2444.93

    PLI for Textile

    45.00

    1148.00

    PLI for White Goods (ACs and LED Lights)

    213.57

    444.54

    PLI for Specialty Steel

    55.00

    305.00

    PLI for National Programme on Advanced Chemistry Cell (ACC) Battery Storage

    15.42

    155.76

     

    Launched in 2020, the PLI Scheme is more than just a policy; it is a strategic leap toward self-reliance. By targeting industries like electronics, textiles, pharmaceuticals, and automobiles, the initiative offers financial incentives tied directly to measurable outcomes such as higher production and incremental sales. This performance-driven approach not only attracts investments from domestic and global players but also encourages businesses to embrace cutting-edge technologies and achieve economies of scale.

    Sectors Covered Under PLI Scheme

    With an impressive outlay of ₹1.97 lakh crore (over US$26 billion), the PLI Schemes focus on 14 critical sectors, each strategically chosen to enhance the country’s manufacturing prowess, foster technological advancements, and elevate India’s position in global markets. These sectors are aligned with the government’s goal of strengthening domestic production and expanding exports, contributing to the broader vision of Atmanirbhar Bharat.

    The 14 sectors covered under the PLI Scheme include:

     Achievements and Impact

    The Production Linked Incentive (PLI) Schemes have made significant strides in transforming India’s manufacturing landscape. As of August 2024, actual investments totalling ₹1.46 lakh crore have been realized, with projections suggesting this figure will cross ₹2 lakh crore within the next year. These investments have already led to a remarkable boost in production and sales, amounting to ₹12.50 lakh crore, while directly and indirectly generating approximately 9.5 lakh jobs—this number is expected to rise to 12 lakhs in the near future.

    Exports have also seen a substantial uptick, surpassing ₹4 lakh crore, driven by key sectors such as electronics, pharmaceuticals, and food processing. The success of these schemes is evident in the accelerated growth of domestic industries, the increasing global competitiveness of Indian products, and the creation of millions of employment opportunities, all contributing to the nation’s broader economic goals.

    FDI Reforms and their Impact

    The PLI Scheme focuses on attracting investment in high-tech industries, strengthening domestic manufacturing capabilities, and enhancing India’s global competitiveness. By targeting key sectors, it aims to boost industrial growth and position India as a major manufacturing hub.

    To support this objective, the Government of India has introduced a liberalized Foreign Direct Investment (FDI) policy to promote manufacturing and economic expansion. Most sectors, including manufacturing, allow 100% FDI under the automatic route, removing the need for prior government approval. Between 2019 and 2024, significant FDI reforms were implemented, such as permitting 100% FDI in coal and contract manufacturing (2019), increasing the FDI limit in insurance to 74% while bringing the telecom sector under the automatic route (2021), and liberalizing the space sector (2024). These measures aim to attract global investors, enhance industrial capabilities, and boost domestic production.

    As a result of these reforms, FDI equity inflow in the manufacturing sector increased by 69%, rising from USD 98 billion (2004-2014) to USD 165 billion (2014-2024). With an investor-friendly approach and streamlined approval processes, the government continues to strengthen India’s position as a leading global manufacturing destination.

    Other sector specific achievements include:

    Largescale Electronics Manufacturing (LSEM)

    India’s electronics manufacturing sector has flourished under the PLI scheme, transforming from a net importer to a net exporter of mobile phones. Domestic production grew from 5.8 crore units in 2014-15 to 33 crore units in 2023-24, with imports dropping significantly. Exports reached 5 crore units, and Foreign Direct Investment increased by 254%, highlighting the scheme’s role in boosting manufacturing and investment.

    Pharmaceuticals, Medical Devices, and Bulk Drugs

    The PLI scheme has strengthened India’s position in the global pharmaceuticals market, making it the third-largest player by volume. Exports now account for 50% of production, and the country has reduced reliance on imports by manufacturing key bulk drugs like Penicillin G. Additionally, global companies have transferred advanced medical device technology, enabling India to produce critical equipment like CT scanners and MRI machines locally.

    Automotive Industry

    With an outlay of US$ 3.5 billion (₹20,750 crore), the automotive PLI scheme has driven significant investments and boosted production of high-tech automotive products. Over 115 companies applied, with 85 approved for incentives, attracting US$ 8.15 billion (₹67,690 crore) in investments, far exceeding the target. This success has strengthened India’s position in the global automotive sector.

    Renewable Energy and Solar PV

    The PLI scheme for solar PV modules has accelerated India’s renewable energy goals. The first phase, with an outlay of US$ 541.8 million (₹4,500 crore), established manufacturing capacity, while the second tranche aims to build 65 GW of capacity with US$ 2.35 billion (₹19,500 crore). The initiative is expected to create jobs, reduce imports, and drive solar innovation.

    Telecom and Networking Products

    India has achieved 60% import substitution in telecom products under the PLI scheme. Global tech companies have set up manufacturing units, turning India into a major exporter of 4G and 5G telecom equipment. This growth strengthens India’s telecom infrastructure and enhances its position in the global supply chain.

    Drones and Drone Components

    The drone sector has experienced rapid growth, with turnover increasing seven-fold under the PLI scheme. Driven by MSMEs and start-ups, this success has attracted significant investments and job creation, positioning India as a global leader in drone manufacturing.

    Conclusion

    The PLI Scheme stands as a cornerstone of India’s vision for Atmanirbhar Bharat and Make in India, driving self-reliance, innovation, and global competitiveness. With increased budget allocations, rising investments, and expanding exports, it is transforming key industries while reducing import dependence. By fostering a resilient and technologically advanced manufacturing ecosystem, the scheme is set to propel India toward sustained economic growth and leadership in global supply chains.

    References:

    Kindly find the pdf file 

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    Santosh Kumar/ Sarla Meena/ Anchal Patiyal

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  • MIL-OSI Asia-Pac: Pilot Projects on Hydrogen Fuelled Buses and Trucks Launched under the National Green Hydrogen Mission

    Source: Government of India (2)

    Posted On: 03 MAR 2025 5:31PM by PIB Delhi

    As part of the National Green Hydrogen Mission, the Government has initiated five pilot projects for using Hydrogen in buses and trucks. Earlier the Ministry of New and Renewable Energy had issued guidelines for implementing Pilot projects in the Transport Sector under this Mission.

    Accordingly, the proposals were invited for different types of hydrogen-based vehicles, routes, and hydrogen refueling stations. After detailed scrutiny, the Ministry of New and Renewable Energy has sanctioned five pilot projects consisting total of 37 vehicles (buses and trucks), and 9 hydrogen refueling stations. The vehicles that will be deployed for the trial include 15 hydrogen fuel cell-based vehicles and 22 hydrogen internal combustion engine-based vehicles. These vehicles will run on 10 different routes across the country viz., Greater Noida – Delhi – Agra, Bhubaneshwar – Konark – Puri, Ahmedabad – Vadodara – Surat, Sahibabad – Faridabad – Delhi, Pune – Mumbai, Jamshedpur – Kalinga Nagar, Thiruvananthapuram – Kochi, Kochi – Edappally, Jamnagar – Ahmedabad, and NH-16 Visakhapatnam – Bayyavaram. The above projects are awarded to major companies like TATA Motors Ltd, Reliance Industries Limited, NTPC, ANERT, Ashok Leyland, HPCL, BPCL, and IOCL.

    The total financial support for selected projects made available will be around Rs. 208 Crore from the Government of India. These pilot projects are likely to be commissioned in the next 18-24 months, paving the way to the scaleup of such technologies in India.

    The thrust area for providing support under the scheme is the development of commercially viable technologies for the utilization of hydrogen in the transport sector as fuel in buses and trucks and Supporting infrastructure like Hydrogen refueling stations.

    One of the objectives of the Mission is to support the deployment of Green Hydrogen as fuel in buses and trucks, in a phased manner on a pilot basis. These pilot projects can demonstrate safe and secure operations, assess the effectiveness of hydrogen-based vehicles and refueling stations, validate technical feasibility and performance, and evaluate their economic viability, thereby leading to hydrogen-based vehicles and hydrogen refueling stations under real-world operational conditions.

    The Scheme Guidelines for the implementation of Pilot projects for use of Green Hydrogen in the Transport Sector under the NGHM can be accessed here.

    The National Green Hydrogen Mission was launched on 04th January 2023 with an outlay of Rs. 19,744 crores up to FY 2029-30. It will contribute to India’s goal to become Aatmanirbhar (self-reliant) through clean energy and serve as an inspiration for the global Clean Energy Transition. The Mission will lead to significant decarbonization of the economy, reduced dependence on fossil fuel imports, and enable India to assume technology and market leadership in Green Hydrogen.

    Reference:

    https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1999676

    https://pib.gov.in/PressReleaseIframePage.aspx?PRID=2006052

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    Navin Sreejith 

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    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Dr. Jitendra Singh addressed the celebrations of India’s National Science Day at the Indian Embassy at Tokyo in Japan

    Source: Government of India

    Dr. Jitendra Singh addressed the celebrations of India’s National Science Day at the Indian Embassy at Tokyo in Japan

    Dr. Singh dedicates year 2025-26 as the India-Japan Year of Science, Technology, and Innovation Exchange

    Dr. Jitendra Singh traces the remarkable progress made since 2014 under the leadership of Prime Minister Narendra Modi, marking the beginning of a new chapter in Indo-Japan cooperation

    Celebrating 40 Years of Indo-Japan Science & Technology Cooperation

    A Landmark Shift in India-Japan Cooperation Under PM Modi’s Leadership: S&T Minister Dr. Singh

    India’s Space Program: A Global Leader in Cost-Effective Innovation

    Posted On: 03 MAR 2025 5:27PM by PIB Delhi

    In a landmark initiative, Union Minister Dr. Jitendra Singh addressed the celebrations of India’s National Science Day at the Indian Embassy at Tokyo in Japan.

    Tracing the four decades of successful science and technology (S&T) collaboration between India and Japan, Dr. Jitendra Singh, Minister of State for Science and Technology, dedicated the year 2025-26 as the India-Japan Year of Science, Technology, and Innovation Exchange.

    Dr. Jitendra Singh traced the remarkable progress made since 2014 under the leadership of Prime Minister Narendra Modi, marking the beginning of a new chapter in Indo-Japan cooperation. He highlighted the significant achievements since 2015, such as the selection of around 7,000 Indian science students by the Department of Science and Technology for the Sakura Science Program, which allowed them to visit Japan and gain exposure to cutting-edge scientific research.

    This event marks a significant milestone in the ongoing S&T partnership between the two nations and sets the stage for further deepening collaboration in critical areas such as Artificial Intelligence (AI), Machine Learning, Quantum Technology, and Space.

    Gracing the NSD celebrations virtually, Union Minister of State (Independent Charge) for Science and Technology, Minister of State (Independent Charge) for Earth Sciences, MoS PMO, Department of Atomic Energy and Department of Space and MoS Personnel, Public Grievances and Pensions, Dr. Jitendra Singh said “The Inter-Governmental Agreement between India and Japan has laid the foundation for numerous initiatives over the years, and this year marks a momentous 40 years of impactful partnership,” emphasizing that the Indo-Japan S&T cooperation has been one of the most robust and enduring aspects of India’s international S&T engagements.

    Building on the strong foundation of this bilateral cooperation, Dr. Jitendra Singh announced that the 11th meeting of the Indo-Japan Joint S&T Committee is expected to be held in June 2025. The meeting will review ongoing collaborations and channel new initiatives to explore the full potential of S&T synergies between the two nations.

    Highlighting the long-standing association, Dr. Singh pointed out that the Japan Society for the Promotion of Science (JSPS) has been instrumental in supporting more than 300 joint projects since 1993, with thousands of scientists from both countries engaging in exchange visits. Additionally, the partnership has facilitated numerous seminars, workshops, and collaborative initiatives in emerging fields like AI and Machine Learning.

    “Together with Japan’s Science and Technology Agency (JST), we are pioneering joint programs focused on the future of technology. The collaboration between our two countries in these fields is key to addressing the global challenges of tomorrow,” Dr. Singh remarked.

    Dr. Singh revealed that the future of India-Japan cooperation will see an increase in the exchange of students and researchers, with a particular focus on long-term stays, joint supervision, and internships in Japan. Special emphasis will be placed on nurturing talented women scientists. In a bid to further strengthen bilateral ties, the Department of Science and Technology (DST) has also invited Japanese science students for exposure visits to India. Last year, ten students and their two supervisors visited India as part of this initiative.

    Celebrating India’s remarkable transformation over the past decade, Dr. Jitendra Singh shared that India has significantly improved its global position across various innovation benchmarks. India now ranks 3rd globally in research publications, PhDs, and start-ups, and is 9th in the quality of research publications. The nation has also risen to 3rd in terms of unicorns and 39th in the Global Innovation Index, a significant leap from its position of 80th in 2014.

    Dr. Jitendra Singh also took pride in India’s space achievements, particularly highlighting the success of the Chandrayaan-3 mission, which marked the first soft landing on the south pole of the Moon. He noted that this achievement is not only a monumental success for India but for the entire world. “India’s space program is now among the strongest, most ambitious, and cost-effective in the world. Our 2017 achievement of launching 104 satellites in a single mission by ISRO is a world record,” he remarked.

    Reaffirming the theme “Empowering Indian Youth for Global Leadership in Science & Innovation for Viksit Bharat,” Dr. Jitendra Singh highlighted India’s unwavering commitment to creating a level playing field for women and young scientists, ensuring their active participation in the nation’s scientific and technological journey. He emphasized the importance of a multi-stakeholder approach, involving academia, research and development institutions, and entrepreneurs, to foster an inclusive ecosystem where talent from all corners of society can thrive.

    In his address, Dr. Singh also touched upon India’s growing role in pioneering innovations in AI, quantum technology, cybersecurity, biotechnology, and vaccine production. He noted that India’s space sector is now open to private sector investments, unlocking new opportunities for collaboration with global players, including Japan.

    In a bold move, Dr. Singh referred to the recent Union Budget announcement, which opened up the nuclear energy sector to non-government entities. He described this as an unprecedented step that will allow the creation of BharatSmall modular reactors (SMRs) in India, marking a new era in the country’s energy landscape.

    Concluding his remarks, Dr. Jitendra Singh expressed his vision for a future of deepened scientific and technological engagement between India and Japan. With a focus on mutual benefits and shared growth, the next decade promises to bring even greater achievements in science, technology, and innovation, positioning both nations at the forefront of global progress.

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  • MIL-OSI Asia-Pac: India’s R&D Spending More Than Double in Last Decade, from Rs 60,196 cr in 2013-14 to ₹1.27 Lakh Crore: Dr. Jitendra Singh

    Source: Government of India

    India’s R&D Spending More Than Double in Last Decade, from Rs 60,196 cr in 2013-14 to ₹1.27 Lakh Crore: Dr. Jitendra Singh

    Homegrown Innovations in AI, Biotechnology, and Quantum Computing to Shape India’s Economic Future: Dr. Jitendra Singh

    DISHA Program to Propel India’s Knowledge Economy, Strengthening Atmanirbhar Bharat, says the Minister

    AI-Driven Healthcare to Revolutionize Accessibility, But Human Expertise Remains Indispensable: Dr. Jitendra Singh

    Young Innovators to Lead India’s Tech Transformation Towards Global Leadership by 2047, Affirms the Minister

    Posted On: 03 MAR 2025 5:24PM by PIB Delhi

     “India R&D spending (GERD) is double in last one decade during the government headed by Prime Minister Narendra Modi, from Rs 60,196 cr in 2013-14 to ₹1,27,381 cr and is shaping the future economy of India which will be defined by homegrown innovations in artificial intelligence, biotechnology, and quantum computing,” Dr. Jitendra Singh said, underscoring the role of government-backed initiatives in catalyzing scientific advancements.

    Speaking at the DISHA event at India Habitat Centre here, the 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 highlighted the government’s multi-pronged strategy to position India as a global leader in deep-tech innovation and commercialization.

    Dr. Jitendra Singh reiterated that India is making significant strides in fostering an intellectual property (IP)-driven innovation ecosystem, with academia, industry, and startups playing a pivotal role. He noted that the government’s emphasis on research and development (R&D) funding has led to India’s Gross Expenditure on Research and Development (GERD) more than doubling in the last decade, from Rs 60,196 cr in 2013-14 to ₹1,27,381 cr. “The government is not only investing in research but also ensuring that these innovations are seamlessly transitioned from labs to industries, strengthening the foundation of Atmanirbhar Bharat,” he added.

    The DISHA Program, an initiative aimed at Developing Innovations, Successful Harnessing, and Adoption, is a step towards building a knowledge-based economy where research-driven solutions transform industries. The program is designed to support faculty members and students working on disruptive technologies across disciplines, ensuring that India remains at the forefront of global innovation.

    Dr. Jitendra Singh emphasized that initiatives like DISHA align with the Anusandhan National Research Foundation (ANRF), which seeks to create a unified research ecosystem bridging science, humanities, and social sciences. This integrated approach will empower Indian researchers to engage in cross-sectoral collaborations, pushing the boundaries of discovery and implementation.

    One of the key highlights of Dr. Jitendra Singh’s address was India’s policy shift in allowing private sector participation in strategic fields such as space technology and nuclear research. “What was once solely the domain of government institutions is now open to private enterprises, enabling faster technological advancements, higher efficiency, and global competitiveness,” he stated.

    The space sector, in particular, has witnessed a surge in innovation, with startups actively contributing to satellite development, launch services, and space-based applications. The government’s decision to open up the nuclear energy sector to private players is another transformative step aimed at leveraging indigenous expertise to drive energy security and sustainability.

    Highlighting the transformative impact of artificial intelligence in healthcare, Dr. Jitendra Singh pointed out the success of AI-driven mobile telemedicine units in providing healthcare access to remote areas. “AI-powered diagnostics and telemedicine solutions are already redefining patient care, making high-quality healthcare services accessible and affordable for all,” he noted.

    However, he stressed the importance of maintaining a balance between AI and human expertise. “The role of AI is to complement human intelligence, not replace it. A hybrid approach will ensure that technology enhances, rather than diminishes, the role of skilled professionals in healthcare and other critical fields,” he added.

    With India set to complete 100 years of independence in 2047, Dr. Jitendra Singh urged young innovators to take the lead in shaping the country’s technological future. “The responsibility of building a technologically advanced India lies with the next generation. What we invest in today will determine our standing in the global economy decades from now,” he said.

    As the government continues to invest in deep-tech research, skill development, and industry-academia collaboration, programs like DISHA will play a crucial role in making India an innovation powerhouse. The Minister’s address reinforced the vision of an India that is not just a consumer of technology but a leading creator and exporter of cutting-edge solutions to the world.

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  • MIL-OSI Europe: Answer to a written question – Addressing the impact of the housing crisis on teachers and other categories of public servants in Greece – E-001890/2024(ASW)

    Source: European Parliament

    In the Political Guidelines for 2024-2029, and in the Mission Letter addressed to the Commissioner for Energy and Housing, the Commission President announced ambitious actions to address the housing crisis and help all citizens facing issues to find affordable housing.

    The first-ever European Affordable Housing Plan will aim at offering technical assistance to cities and Member States and focus on investment and skills needed .

    Furthermore, to promote investments, the Commission envisages to work on a pan-European investment platform together with the European Investment Bank, international financial institutions, national promotional banks and other stakeholders.

    The Commission also plans to inject liquidity into the market by allowing Member States to double the planned cohesion policy investments in affordable housing.

    Support is already available under the Recovery and Resilience Facility, an option that is planned by Greece, notably with the new ‘Affordable Housing Programme My Home II’, of EUR 1 billion, which provides financial incentives to individuals for the acquisition of an affordable primary residence.

    The Commission has also been tasked with making proposals aimed to tackle systemic issues arising from short-term accommodation rentals and the inefficient use of the current housing stock.

    The Commission is working on the implementation of the short-term rental Regulation, adopted in April 2024[1]. It foresees the provision of reliable data on short-term rentals, to help Member States design the most appropriate and targeted measures.

    The Commission will also lead on conducting an analysis of the impact of housing speculation and its economic consequences, as well as propose follow up actions where needed.

    • [1]  OJ L, 2024/1028, 29.4.2024 — https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32024R1028#:~:text=Regulation%20%28EU%29%202024%2F1028%20of%20the%20European%20Parliament%20and,Regulation%20%28EU%29%202018%2F1724%20%28Text%20with%20EEA%20relevance%29%20PE%2F77%2F2023%2FREV%2F1

    MIL OSI Europe News –

  • MIL-OSI Europe: Answer to a written question – Management of Natura 2000 sites: the Habitats Directive and the case of the Bagnoli-Coroglio site of national interest – E-000198/2025(ASW)

    Source: European Parliament

    The Commission has no specific information about the alleged impacts of the project mentioned by the Honourable Members (‘Upgrading the Arena San Antonio (ASA) wastewater collector’) on any Natura 2000 site.

    Under Article 6(3) of the Habitats Directive[1], any project likely to have a significant effect on a Natura 2000 site shall be subject to an appropriate assessment of its implications for the site in view of the site’s conservation objectives.

    Italy has transposed the above provisions into its national legislation[2] and has adopted appropriate national guidelines[3] to improve their implementation. The Campania region has also transposed the national guidelines into its legal order[4].

    According to publicly available information[5], on 30 January 2025 Italian authorities suspended, for 365 days, the authorisation of the project mentioned by the Honourable Members, pending the conclusion of the compliance verification procedure for the environmental conditions that need to be respected and checked so as to prevent or minimise possible impacts on the environment, and which are set by decree of the Italian Ministry of Environment and Energy Security n. 421 of 29 November 2024[6].

    Such environmental conditions were established following an appropriate assessment of possible implications of the project on the Special Area of Conservation ‘Fondali marini di Gaiola e Nisida’ (IT8030041).

    Regarding projects funded under the Recovery and Resilience Plan[7], Member States are required to ensure compliance of specific projects with EU and national law, including the Do No Significant Harm (DNSH) principle.

    • [1]  Council Directive 92/43/EEC of 21 May 1992 on the conservation of natural habitats and of wild fauna and flora, OJ L 206, 22.7.1992, p. 7-50.
    • [2]  https://www.mase.gov.it/pagina/la-valutazione-di-incidenza-vinca#:~:text=Si%20tratta%20del%20processo%20d,di%20significativit%C3%A0%20di%20tali%20incidenze
    • [3]  https://www.mase.gov.it/pagina/linee-guida-nazionali-la-valutazione-di-incidenza-vinca-direttiva-92-43-cee-habitat-articolo
    • [4]  D.G.R. n. 280 del 30 giugno 2021, Recepimento delle Linee guida nazionali per la valutazione di incidenza (vinca) — direttiva 92/43/CEE habitat art. 6, paragrafi 3 e 4. Aggiornamento delle “Linee guida e criteri di indirizzo per l’effettuazione della valutazione di incidenza in Regione Campania”.
    • [5]  https://commissari.gov.it/bagnoli/comunicazione/notizie/ad_dec_1_25/ —
      https://commissari.gov.it/media/xtxphh3t/decreto-n1-del-30012025-signed.pdf
    • [6]  https://va.mite.gov.it/File/Documento/1178172
    • [7]  https://reform-support.ec.europa.eu/what-we-do/recovery-and-resilience-plans_en
    Last updated: 3 March 2025

    MIL OSI Europe News –

  • MIL-OSI Europe: EIB Group Forum: Investing in a more sustainable and secure Europe

    Source: European Investment Bank

    • The third edition of the EIB Group Forum will be held in Luxembourg from 5-7 March, focusing on action to boost Europe’s prosperity, security, and fostering global cooperation.  
    • EIB Group President Nadia Calviño will open the Forum on 5 March, with EIB Chief Economist Debora Revoltella launching the EIB Investment Report, which analyses investment trends of more than 12,000 European companies.
    • President Nadia Calviño and European Commissioner for Energy and Housing, Dan Jorgensen, will outline latest joint efforts to support access to affordable housing in Europe. 
    • President Calviño will also participate in sessions alongside European Commissioners, national ministers, international partners and European business leaders.

    The European Investment Bank Group (EIB) President Nadia Calviño will open the EIB Group Forum on Wednesday, 5 March, in Luxembourg. The three-day event, held at the European Convention Centre, will bring together leaders and experts to discuss and put forward concrete solutions to the challenges and the opportunities facing Europe and the world today across the economy, society and global politics. 

    “Now is the time to act. The global order which has provided peace and prosperity for the last 80 years is changing. In these turbulent times it is more important than ever that Europe provides stability and certainty – founded on our strengths, with unity and determination”, said EIB President Nadia Calviño. “Europe is a superpower when it comes to trade, research and innovation. The EIB Group Forum offers a timely opportunity for European leaders and innovators to come together with companies and international partners to put concrete solutions on the table in key areas like green tech, health, security and defense, building a more secure, competitive, and prosperous future for all of us.”

    The Forum will feature a diverse lineup of speeches and panels over its three days. Highlights include:

    5 March:

    • A session on decarbonising Europe’s industry, with a keynote by Luca De Meo, CEO of Renault Group, one of the world’s largest carmakers.
    • Launch of the EIB Group Investment report, presenting insights on EU investment trends based the EIB Group’s annual survey of more than 12,000 companies.
    • Panels covering Europe’s increased need for security investments; the connection between digitalisation and growth; and the role of capital markets in advancing gender equality.

    6 March:

    • Keynote address by Antonio Costa, President of the European Council (by video).
    • Keynote by Teresa Ribera, Executive Vice-President of the European Commission, in charge of Clean, Just and Competitive Transition.
    • Keynote address by World Health Organisation Head Dr Ghebreyesus Tedros
    • A session on affordable and sustainable housing in Europe, featuring EIB President Nadia Calviño and European Commissioner for Energy and Housing, Dan Jørgensen, laying the foundations for a new pan-European affordable housing initiative

    6-7 March:

    • EIB Global Days: Sessions on Europe’s role in the world, including discussions on expanding the EU, support for Ukraine, energy transition beyond EU borders, critical raw materials, and health.
    • On the eve of International Women’s Day (8 March), discussions will focus on scaling up solutions for diversity, inclusion and economic growth with the second meeting of the Women Climate Leaders’ Network on the Forum margins.  

    For the full agenda and speakers please visit the EIB website. The Forum will be entirely livestreamed on the EIB YouTube channel, while the opening speech of the President and other key moments will be available on EBS.

    Journalists interested in interviews with Forum participants are invited to contact us. We will facilitate connections with their respective spokespersons where possible.

    Background information

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, the capital markets union, and a stronger Europe in a more peaceful and prosperous world. 

    The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.   

    High-quality, up-to-date photos of our headquarters for media use are available here.

    MIL OSI Europe News –

  • MIL-OSI USA: $245.3 Million Recovered for New Yorkers in 2024

    Source: US State of New York

    n honor of National Consumer Protection Week, Governor Kathy Hochul today announced that the New York State Department of Financial Services, Department of Public Service and the New York Department of State’s Division of Consumer Protection secured more than $245 million in recoveries and restitution for New Yorkers in 2024. This builds on efforts by the Department of Public Service and the New York Department of State’s Division of Consumer Protection, which assisted 71,000 New York households with a variety of consumer protection matters, returning $17.3 million to consumers in 2024, up more than 78 percent from $9.7 million in 2023. These efforts reflect the Governor’s ongoing commitment to consumer protection and affordability, including strengthening oversight of financial products, cracking down on predatory fees and ensuring transparency in emerging lending models. Governor Hochul also proposed a suite of consumer protection items in her State of the State and FY26 Executive Budget that seek to protect consumers shopping online, crack down on exploitative practices and regulate emerging industries.

    “The federal government may be taking aim at consumer protection regulations, but New York State is doubling down — recovering more than $245 million in 2024,” Governor Hochul said. “I’m fighting to put more money in New Yorkers’ pockets, and that means taking a hard line against fraud, deception and predatory pricing practices that make it harder for families to get by.”

    New York State Department of Financial Services (DFS)

    DFS’s Consumer Assistance Unit (CAU) plays a critical role in protecting New Yorkers, addressing more than 46,000 complaints in 2024 alone. The CAU works directly with consumers to resolve disputes, investigate claim denials and hold financial institutions accountable. New Yorkers who need assistance with disputes involving banks, insurance companies or other financial service providers can visit dfs.ny.gov/complaint or call (800) 342-3736.

    As financial services rapidly change, Governor Hochul is ensuring consumer protections keep pace with innovation. This includes addressing emerging risks in Buy Now, Pay Later (BNPL) programs and unfair overdraft fees, both of which are key priorities of her FY26 Executive Budget.

    BNPL services have surged in popularity, with U.S. consumers spending $18.2 billion through these programs during the 2024 holiday season. While they offer flexibility, they often lack clear repayment terms and consumer protections found in traditional credit products. To close these gaps, Governor Hochul’s FY26 Executive Budget advances measures to bring BNPL providers under proper oversight by DFS, ensuring transparency and fair lending practices.

    At the same time, DFS recently proposed new regulations to curb unfair overdraft fees. These regulations, which align with the Governor’s broader consumer protection agenda, would ensure that consumers aren’t charged for minor transactions and receive timely notifications to improve transparency and fairness in banking.

    New York State Department of Financial Services Superintendent Adrienne A. Harris said, “At DFS, protecting consumers is at the core of what we do. Recovering record amounts for New Yorkers each year reflects our commitment to ensuring fairness, transparency, and accountability in financial services.”

    New York State Department of Public Service (DPS)

    DPS fielded more than 42,000 consumer complaint calls, handled approximately 20,000 consumer inquiries and complaints, and returned nearly $13 million in utility consumer refunds, an increase of 75 percent from 2023.

    In 2024, the Public Service Commission levied $23.5 million in financial penalties against five utilities for failing to meet 2023 customer service standards. The Commission also secured $115 million cumulatively from utility shareholders in enforcement proceedings against utilities that violated the Public Service Law, or regulations.

    In this year’s State of the State, the Governor has proposed closing a loophole that does not obligate Energy Service Companies to return unclaimed funds to New Yorkers. Once enacted, this proposal will ensure New Yorkers are able to receive every penny owed to them.

    The DPS Office of Consumer Services monitors the number and types of complaints received against all utilities operating in New York State to ensure that utilities fulfill their obligation to provide effective customer service in compliance with the laws, rules, regulations and policies. Each month, the Office makes public a detailed overview of complaint activity and utility responsiveness that is informative to both consumers and utility companies (visit dps.ny.gov and search for matter no. 19-00950).

    New York State Public Service Commission Chair Rory M. Christian said, “The PSC and Department of Public Service are committed to protecting New Yorkers by ensuring all industries we regulate are in full compliance with consumer protection laws and regulations. Inaccurate utility billing can lead to significant customer overcharges, which the Department works to get refunded back to affected customers.”

    New York State Department of State (DOS)

    The New York State Division of Consumer Protection provides education, advocacy and mediation services to help consumers make informed decisions and protect themselves from fraud and unfair business practices.

    DOS assisted nearly 29,000 New York households with a variety of marketplace disputes, returning more than $2.3 million to consumers. In addition, DOS’s Do Not Call investigation and enforcement work resulted in settlements with seven telemarketing companies and the collection of nearly $1.2 million in fines in 2024, and it advanced cost effective and quality electric, gas, telephone and cable service by representing consumers at 23 utility rate and policy proceedings before State and federal regulators.

    The top five categories of consumer complaints received by DOS in 2024:

    1. Refunds/Store Policy: Complaints related to refunds and store policies, including return policies, restocking fees and refunds for damaged goods.
    2. Orders/Deliveries: Complaints related to the order and delivery of goods purchased, including missing items, incorrect items received, late or delayed delivery or items never shipped.
    3. Merchandise/Product: Complaints related to merchandise or products that did not meet consumers’ expectations.
    4. Credit Cards: Complaints related to erroneous charges, billing, card benefits and illegal surcharges.
    5. Travel: Complaints related to travel and tour reservations, travel agents, accommodations and lodging, and transportation including airlines, cruises and rental cars.

    As part of this year’s State of the State, Governor Hochul proposed legislation to require retail sellers to offer a minimum 30-day return window for various products unless otherwise specified. Additionally, Governor Hochul proposed first-in-the-nation legislation that requires businesses to notify online shoppers when prices are set based on their personal data. To further protect consumers, Governor Hochul proposed additional legislation to ensure cancellation processes are simple, transparent and fair, ensuring that it is just as easy to cancel a subscription as it was to sign up.

    The DOS Division of Consumer Protection’s mission is to assist, protect, educate and represent consumers in an ever-changing economy. The Division of Consumer Protection works hard to assist individuals aggrieved in the marketplace through its complaint mediation efforts, along with educating the public on marketplace scams, and advocating consumers’ interest before legislative and regulatory bodies.

    New York State Secretary of State Walter T. Mosley said, “The Department of State’s Division of Consumer Protection is proud to have helped return over $2.3 million to New Yorkers and will continue to protect consumers from deceptive and dangerous business practices in goods and services. We’re working every day to educate the public about the latest scams, how to shop smart to protect their money and stay informed of their rights in order to create a more economically affordable and equitable New York.”

    Through these initiatives, Governor Hochul reaffirms her commitment to empowering and protecting New Yorkers, ensuring a fair, transparent and secure financial marketplace for all.

    For free consumer assistance, visit dos.ny.gov/consumer-protection or call the Consumer Assistance Helpline at (800) 697-1220.

    State Senator Rachel May said, “Our Department of Financial Services has recovered millions of dollars for consumers, demonstrating our commitment to protecting New Yorkers from scams. I want to thank Governor Hochul for her dedication to preventing exploitation in the marketplace. As chair of the Consumer Protection Committee, I share this commitment and will work to promote a fair economy where consumers get what they pay for and where bad actors are held accountable.”

    Assemblymember Nily Rozic said, “Returning over $245 million to consumers and health care providers is a critical step in protecting New Yorkers from financial harm. Unfair fees and predatory practices create real barriers to financial stability, making it harder for people to get ahead or even stay afloat. By ensuring fairness and transparency, these efforts will help ease that burden and build a stronger, more equitable financial system.”

    MIL OSI USA News –

  • MIL-OSI Security: IAEA Board Briefed on Ukraine, Iran, Gender Parity, AI and More

    Source: International Atomic Energy Agency – IAEA

    Mr Grossi then turned to the IAEA’s flagship initiatives, starting with Atoms4Food, a joint FAO/IAEA initiative aimed at boosting global food security. He said about 27 countries had already requested help under the scheme. “I want to thank the countries that have already started manifesting their interest to provide financing for this important project,” the Director General added. 

    Rays of Hope: Cancer Care for All is an IAEA initiative to bring life-saving cancer care to countries where there is little access to radiotherapy. Mr Grossi explained that 90 countries, mostly in the developing world, had requested assistance under the scheme.  

    And around 100 countries have expressed interest in NUTEC Plastics, the IAEA initiative aimed at monitoring and reducing plastic pollution using nuclear techniques and applications. 

    “So all of these are also confirmations of the very concrete, very tangible, not rhetorical ways in which all of us together and this organization help to solve problems around the world,” the Director General said. 

    MIL Security OSI –

  • MIL-OSI Global: How gas keeps the UK’s electricity bills so high – despite lots of cheap wind power

    Source: The Conversation – UK – By Michael Tamvakis, Professor of Commodity Economics and Finance, City St George’s, University of London

    The UK has become a world leader in offshore wind power. iweta0077 / shutterstock

    Gas and electricity bills will rise again for millions of UK households on April 1, when the latest energy price cap takes effect. A typical household will pay £111 more per year.

    Though prices have fallen somewhat since their peak in 2022, bills are still considerably higher than they have been historically. That’s despite the construction over the past decade of vast wind farms in the North Sea – which, once built, provide electricity for very little extra cost.

    So what explains the UK’s pricey gas and electricity?

    Since the 1990s, the UK has been dependent on natural gas in more ways than one. In 2023 (the most recent year for which we have full statistics), gas accounted for 33% of the UK’s energy and almost as much of the electricity it generated. That year, wind contributed 29% to generation and solar an additional 5%, which is of some significance.

    As nearly all households are connected to mains gas, most energy bills reflect the global price of gas.

    The UK has to compete with demand for gas from other markets, especially, but not exclusively, the EU. The higher the demand, the higher the price. Before the Ukrainian crisis, many EU economies, especially Germany, were able to source abundant gas through pipelines from Russia.

    The UK, like other big European countries such as Spain, Italy and France, was able to meet some of its gas supply via pipelines (from Norway in the case of the UK), but also in the form of more expensive liquefied natural gas (LNG) from as far afield as Qatar, Algeria, West Africa and, more recently, the US.

    Since the Russian invasion of Ukraine in early 2022, the flow of pipeline gas has almost entirely stopped. Germany and western EU countries have to compete with everyone else to source their gas from Norway or international LNG markets. A few countries on the eastern side of the EU, such as Austria and Hungary, are still sourcing their gas from Russia but face western criticism for that continued dependence.

    This all matters to UK consumers because most of a household’s average energy bill reflects the vagaries of the international gas market. A relatively harsh winter in Europe means they have purchased more gas and paid more for it. In a global market the UK consumer will have to pay this price as well. Even a harsh winter in Japan means that more LNG is directed there, increasing prices for UK and EU consumers.

    We can’t suddenly turn on the wind

    Even the growth in renewables, especially wind power, does not offer protection against the vagaries of the global gas markets. It is well known that wind energy is intermittent and therefore difficult to forecast and base generation plans on.

    Wind energy is what people in the electricity industry call “non-dispatchable”. Because electricity is a universal good, which we expect to have whenever we ask for it, the national grid needs to be able to balance the randomness of wind generation with the immediate response of a reliable, quick-start, “dispatchable” source of generation. Gas fits the bill.

    As a result, expensive gas which is called on to make up for the loss of wind or solar generation, ends up setting the electricity price (called the “system price”) most days. Other countries experience something similar. Germany, for instance, generates just 15% of its electricity from gas (albeit with a further 25% from coal) and gets a higher proportion from renewables (28% wind and 12% solar). Yet it still has to use gas frequently to balance the electrical system, with the same effect as in the UK.

    Ultimately, the more variable renewable electricity we inject into the system, the more we need to plan for, and invest in, infrastructure that can support it. That means a smarter grid, fewer grid bottlenecks within the UK, more and bigger interconnections to other European countries and battery solutions which can store electricity both for short periods (minutes and hours) and for days and even weeks.

    Putting all these elements in place is a Herculean task. Gas fills the gap, but in a way which is more expensive (for now) and continues emitting greenhouse gases, albeit at half the rate that coal did.

    Don’t have time to read about climate change as much as you’d like?

    Get a weekly roundup in your inbox instead. Every Wednesday, The Conversation’s environment editor writes Imagine, a short email that goes a little deeper into just one climate issue. Join the 40,000+ readers who’ve subscribed so far.

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

    – ref. How gas keeps the UK’s electricity bills so high – despite lots of cheap wind power – https://theconversation.com/how-gas-keeps-the-uks-electricity-bills-so-high-despite-lots-of-cheap-wind-power-251136

    MIL OSI – Global Reports –

  • MIL-OSI Russia: Denis Manturov held a meeting on the development of the automotive industry

    Translartion. Region: Russians Fedetion –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    Denis Manturov held a meeting on the development of the automotive industry.

    First Deputy Prime Minister Denis Manturov held a meeting on the prospects for the development of the automotive industry until 2035. Currently, interested departments, on behalf of the First Deputy Prime Minister, are already preparing their proposals to update the Strategy for the Development of the Automotive Industry of the Russian Federation until 2035, approved at the end of 2022. Let us recall that the possibility of updating is provided for by the document itself.

    “It is important to conduct joint work of all departments and ensure the interrelation of the developed updates to the industry strategy for the development of the automotive industry with both the Transport Strategy of the Russian Federation – in terms of infrastructure development and balance with other types of transport, and with the Energy Strategy – in terms of the use of traditional and alternative types of fuel,” noted Denis Manturov.

    The event, which took place at the Government Coordination Centre, was attended by Deputy Prime Ministers Alexander Novak and Vitaly Savelyev, Minister of Industry and Trade Anton Alikhanov, Minister of Transport Roman Starovoit, representatives of the Ministry of Industry and Trade, the Ministry of Transport, the Ministry of Economic Development, the Ministry of Emergency Situations, the Ministry of Energy, the Ministry of Internal Affairs and other federal and regional executive bodies, as well as leading companies in the industry.

    Deputy Minister of Industry and Trade Albert Karimov spoke about the factors and prerequisites that, according to the Ministry of Industry and Trade, could have the greatest impact on the development of the domestic automobile industry in the period 2035–2050. Among the key factors is the expansion of the use of alternative fuels in the industry.

    “In the strategic aspect of the development of the domestic auto industry, the further introduction of transport on environmentally friendly fuel is a priority for us. We already have state support measures in place for the conversion of equipment to gas motor fuel, as well as measures stimulating the production of electric transport. The development of commercial transport on liquefied natural gas and hydrogen is currently being discussed. The use of these types of fuel improves the environment, helps reduce greenhouse gas emissions, and meets the climate goals of achieving carbon neutrality by the Russian Federation by 2060,” said Deputy Prime Minister Alexander Novak.

    The Ministry of Industry and Trade identified the further development of the sharing economy, an increase in the share of electric transport and driverless cars as other factors that will influence the appearance of the Russian auto industry.

    The meeting participants also agreed to work out options for fine-tuning government support measures, thanks to which the promising image of the domestic auto industry will be formed.

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

    MIL OSI Russia News –

  • MIL-OSI United Nations: Nuclear energy watchdog chief raises ‘serious’ safety concerns over sites in Ukraine and Iran

    Source: United Nations MIL OSI b

    Peace and Security

    In his latest address to the International Atomic Energy Agency (IAEA) Board of Governors on Monday, Director General Rafael Mariano Grossi warned of the escalating nuclear safety risks in Ukraine as the conflict grinds on.

    Reaffirming the UN-backed IAEA’s commitment to monitoring facilities such as the Khmelnitsky, Rivne and South Ukraine Nuclear Power Plants (NPPs), he described how facilities were performing under extreme conditions.

    “The electrical grid’s ability to provide a reliable off-site power supply to Ukrainian NPPs was reduced by damage sustained following military attacks in November and December 2024,” Mr. Grossi stated, underscoring the ongoing strain on national energy infrastructure, in the face of Russia’s ongoing invasion.

    © IAEA

    A team of IAEA experts visits Zaporizhzhya Nuclear Power Plant in Ukraine in June 2024.

    Direct attacks on staff

    Direct attacks have complicated the agency’s work. The Director General described a drone strike that severely damaged an IAEA vehicle during a routine rotation.

    “Staff survived this unacceptable attack unharmed, but the rear of the vehicle was destroyed,” he said, noting the continuous risks faced by staff working in these volatile conditions.

    Particularly concerning is the situation at the Zaporizhzhya Nuclear Power Plant (ZNPP), where six reactor units remain in cold shutdown. The facility’s off-site power supply continues to be vulnerable.

    Mr. Grossi highlighted a recent incident in which ZNPP relied on a single off-site power line after losing its remaining backup, further underscoring the fragility of the plant.

    Meanwhile, an attack on the Chernobyl site nearly three weeks ago, which caused significant damage to the protective structure of the 1986 reactor, was also addressed.

    While no radioactive release occurred, Mr. Grossi stressed that the attack “underlines the persistent risk to nuclear safety during this military conflict.”

    © IAEA

    Fire on the New Safe Confinement (NSC) at the Chornobyl Nuclear Power Plant site following a drone attack on 14 February 2025.

    Support for safety efforts

    Despite the challenges, Mr. Grossi reaffirmed the IAEA’s ongoing support for Ukraine.

    Since November 2024, the Agency has delivered 31 shipments of nuclear safety, security and medical equipment, totalling over €15.6 million in value.

    “We are grateful to all 30 donor states and the European Union for their extrabudgetary contributions,” Mr. Grossi added, urging continued support for the comprehensive assistance programme.

    Concerns over Iran’s nuclear programme

    Mr. Grossi also reported fresh concerns over Iran’s nuclear programme, especially its stockpile of uranium enriched to 60 per cent.

    Iran remains the only non-nuclear weapon State enriching uranium to this level, raising significant concerns over potential weapons development.

    “Iran says it has declared all nuclear material, activities and locations required under its NPT Safeguards Agreement. However, this statement is inconsistent with the Agency’s findings of uranium particles of anthropogenic origin at undeclared locations in Iran,” Mr. Grossi explained.

    The Director General emphasised the need for greater transparency, stressing that unresolved safeguards issues must be addressed for Iran’s nuclear activities to be deemed peaceful.

    He called on Iran to urgently implement the Joint Statement of March 2023 and engage in serious dialogue aimed at resolving outstanding issues.

    Global safety initiatives

    Mr. Grossi also outlined the IAEA’s broader initiatives, including his recent visit to Japan’s Fukushima Daiichi Nuclear Power Station, where he oversaw the collection of water samples related to the ongoing release of ALPS-treated contaminated water – in the wake of the major 2011 meltdown.

    “The IAEA has maintained its independent monitoring and analysis efforts, confirming that tritium concentrations in the discharged batches remain far below operational limits,” he noted.

    Looking ahead, the Director General highlighted key upcoming initiatives, such as the launch of the Atomic Technology Licensed for Applications at Sea (ATLAS) and the IAEA’s first International Symposium on Artificial Intelligence and Nuclear Energy, which will take place in December 2025.

    A growing role in energy solutions

    With the global demand for energy rising, Mr. Grossi pointed to the growing role of nuclear power in addressing energy needs.

    “In the IAEA’s high case scenario, global nuclear electricity generating capacity is seen increasing two and a half times by 2050,” he said.

    However, the Director General stressed that such growth must be accompanied by public support and a continued commitment to safety.

    MIL OSI United Nations News –

  • MIL-OSI Security: Over 30 individuals sentenced to federal prison following Angelina County drug trafficking investigation

    Source: Office of United States Attorneys

    BEAUMONT, Texas – Over 30 individuals have been sentenced to federal prison following a five-year investigation into drug trafficking in the Eastern District of Texas, announced Acting U.S. Attorney Abe McGlothin, Jr.

    According to information presented in court, in 2019, law enforcement in Angelina County began investigating numerous individuals for trafficking methamphetamine into and through East Texas.  As of February 2025, over 30 individuals have been sentenced to federal prison for offenses including conspiracy to distribute and possess with the intent to distribute methamphetamine, possession of firearms in furtherance of drug trafficking crimes, and other related offenses.  The investigation and prosecution of individuals from East Texas, Houston, and elsewhere, resulted in the dismantling of a drug trafficking organization that operated between Mexico, Houston, Angelina County, Tyler County, and other areas.

    The following individuals were sentenced for various roles in the methamphetamine distribution conspiracy:

    • Jesus Sanchez-Rueda, 33, of Houston – 360 months
    • Jesse Canseco, 35, of Houston – 292 months
    • Oscar Negrete, 26, of Humble – 68 months
    • Adolfo Lopez-Lemus, 35, of Houston – 57 months
    • Ryan Canseco, 35, of Houston – 120 months + 60 months for a firearms violation (for a total of 180 months)
    • Jason Thompson, 44, of Lufkin – 210 months + 60 months consecutively for a firearms violation (for a total of 295 months)
    • Krista Thompson, 38, of Lufkin – 95 months + 60 months for a firearms violation (for a total of 155 months)
    • Rogers Williams, 31, of Houston – 135 months
    • Edgar Reyes, 26, of Houston – 57 months
    • Edwin Galicia, 26, of Houston – 150 months
    • Joel Hernandez, Jr., 30, of Humble – 57 months
    • Matthew Rogers, 43, of Houston – 70 months
    • Robert Rogers, 68, of Woodville – 120 months + 60 months for a firearms violation (for a total of 180 months)
    • Dustin Dauzart, 32, of Alexandria, LA – 140 months
    • Everett Charles Lutz, 67, of Lufkin – 235 months
    • Amanda Jane Lorentz, 37, of Lufkin – 235 months
    • Kevin Edward Hughes, 30 of Lufkin – 120 months
    • Aaron Dewberry, 52, of Lufkin – 120 months
    • Charles Gregory Runnels, 46, of Zavalla – 137 months
    • Richard Lyles, 44, of Lufkin – 84 months
    • Shane Gammons, 44, of Lufkin – 96 months
    • Andrea Bosley, 49, of Lufkin – 37 months
    • Paul Smith, 62, of Lufkin – 77 months
    • Joshua Gilpin, 37, of Lufkin – 121 months + 60 months consecutively for a firearms violation (for a total of 181 months)
    • Martin Deanda, 32, of Houston – 121 months
    • Lorenzo Hernandez, 24, of Houston – 121 months
    • Larry Sanchez, 30, of Houston – 121 months
    • Eric Copaus, 44, of Houston – 135 months
    • Autumn Farley aka Autumn Sheppard, 30, of Houston – 57 months
    • Santos Navarro, 50, of Houston – 130 months
    • Fernando Arias, 26, of Humble – 87 months
    • Lamarcus Morris, 38, of Houston – 235 months
    • Luke Bridges, 49, of Missouri City – 235 months
    • Brian Jones, 45, of Pensacola, FL – 48 months

    This effort is part of an Organized Crime Drug Enforcement Task Forces (OCDETF) operation. OCDETF identifies, disrupts, and dismantles the highest-level criminal organizations that threaten the United States using a prosecutor-led, intelligence-driven, multi-agency approach.  Additional information about the OCDETF Program can be found at https://www.justice.gov/OCDETF.

    This case was investigated by the Federal Bureau of Investigation-Lufkin; Bureau of Alcohol, Tobacco, Firearms, and Explosives; U.S. Drug Enforcement Administration; Angelina County Sheriff’s Office; Lufkin Police Department; Harris County Sheriff’s Office; Houston Police Department; and the Texas Department of Public Safety-Criminal Investigations Division.  These cases were prosecuted by Assistant U.S. Attorney Lauren Gaston.                                                                                                                                  

    ###

    MIL Security OSI –

  • MIL-OSI Canada: Government of Saskatchewan will be well Represented at Prospectors & Developers Association of Canada Convention in Toronto

    Source: Government of Canada regional news

    Released on March 3, 2025

    Energy and Resources Minister Colleen Young, along with representatives from the Government of Saskatchewan, are in Toronto, Ontario this week for the annual Prospectors & Developers Association of Canada (PDAC) Convention. Over the four-day convention, PDAC will bring together almost 30,000 attendees from over 135 countries.  

    The Ministry of Energy and Resources will be joined at PDAC by the Ministry of Trade and Export Development and the Saskatchewan Research Council. Together they will host a pavilion at the convention trade show. The pavilion is an excellent opportunity for both national and international delegates to speak with government officials about the opportunities for mining, developments in geoscience and investment in Saskatchewan. 

    “For over 30 years the Government of Saskatchewan has attended PDAC and since that time we have grown our presence and our outreach efforts,” Young said. “PDAC truly is an excellent opportunity to build relationships and grow Saskatchewan’s mining sector. PDAC is one of the world’s premier mineral exploration and mining events. I look forward to meeting with current partners and potential investors while I am in Toronto.”

    In addition to the Saskatchewan booth, PDAC provides learning and networking opportunities for attendees. Government officials will also be meeting with investors and stakeholders on site. As Canada’s largest mining convention, and one of the world’s largest mining and exploring events, PDAC provides an excellent opportunity for the province to showcase Saskatchewan as a key player in the industry and an open and attractive place to invest in.  

    -30-

    For more information, contact:

    MIL OSI Canada News –

  • MIL-OSI: ZOOZ Power: Leading Charge Point Operator in China to install ZOOZ Power’s Boosting System, Marking Strategic Entry into the World’s Largest EV Market

    Source: GlobeNewswire (MIL-OSI)

    Tel-Aviv, Israel, March 03, 2025 (GLOBE NEWSWIRE) — ZOOZ Power Ltd. (Nasdaq: ZOOZ, TASE: ZOOZ), a leading provider of flywheel-based power boosters and energy management systems for enabling ultra-fast EV charging solutions, announced today that it has shipped its first power-boosting system, the ZOOZTER™-100, to China. The commercial arrangements were made through a related party of ZOOZ Power in China. The site where ZOOZTER™-100 will be installed was developed by Yixiaoju Technology Co., Ltd, a company that operates numerous locations within the Orange Charging (Xiaoju) network. Orange Charging, a sub-brand of DiDi’s energy sector, is China’s largest charging network, operating over 115,000 fast chargers. As the foremost mobility services platform in China and a publicly traded company in the U.S. with a market cap of $24.3 billion, DiDi’s ecosystem offers a significant opportunity for ZOOZ Power to extend its presence in this rapidly growing market.

    China’s electric vehicle (EV) market is experiencing unprecedented growth, with EVs accounting for nearly 50% of total car sales in 2024(1). This surge highlights the increasing demand for efficient charging solutions. In addition to enhancing the capabilities of Yixiaoju’s charging station, the Shanghai pilot installation will also serve as a vehicle for market penetration of ZOOZ Power’s flywheel-based power-boosting technology coupled with ZOOZ’s proven Energy Management System to the Chinese market. By providing a reliable and highly efficient solution for high-power EV charging, ZOOZ Power aims to support the expansion of ultra-fast charging networks while reducing the strain on local electricity grids.

    “Shipping our first system to China is a significant step in ZOOZ Power’s penetration into the Chinese market,” said Erez Zimerman, CEO of ZOOZ Power. “China is the undisputed leader in electric vehicle adoption and charging infrastructure, and we see tremendous potential for our technology in this market. We are thrilled to have an opportunity to demonstrate the benefits of our sustainable power-boosting solution to China’s top EV players. This is just the beginning of our journey in China, and we look forward to further opportunities to contribute to the country’s ambitious electrification goals.”

    ZOOZ Power’s innovative flywheel-based technology enables ultra-fast charging even in locations with limited grid capacity, eliminating the need for expensive grid upgrades and while maximizing charging station effectiveness. The company’s solution has already been deployed in multiple locations across Europe and North America, and this latest move signals its strategic focus on expanding into China’s rapidly growing EV market.

    About ZOOZ Power

    ZOOZ is the leading provider of Flywheel-based Power Boosting and Energy Management solutions, enabling the widespread deployment of ultra-fast charging infrastructure for electric vehicles (EVs) while overcoming existing grid limitations.

    ZOOZ pioneers its unique flywheel-based power-boosting technology, enabling efficient utilization and power management of a power-limited grid at an EV charging site. Its Flywheel technology allows high-performance, reliable, and cost-effective ultra-fast charging infrastructure.

    ZOOZ Power’s sustainable, power-boosting solutions are built with longevity and the environment in mind, helping its customers and partners accelerate the deployment of fast-charging infrastructure, thus facilitating improved utilization rates, better efficiency, greater flexibility, and faster revenues and profitability growth. ZOOZ is publicly traded on NASDAQ and TASE under the ticker ZOOZ
    For more information, please visit: www.zoozpower.com/

    Investor Contact:
    Miri Segal – CEO
    MS-IR LLC
    msegal@ms-ir.com

    Media enquiries:
    Media@zoozpower.com

    Forward-Looking Statement

    This press release contains “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended, and the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on the current beliefs, expectations, and assumptions of ZOOZ Power. All statements other than statements of historical facts contained in this press release, including statements regarding ZOOZ Power, and any of ZOOZ Power’s strategy, future operations and statements related to the collaboration between ZOOZ Power and “ON” charging network (including any plans to implement ZOOZ Power’s solution and upgrade an additional site of “ON” on Route 6) are forward-looking statements. These statements involve known and unknown risks, uncertainties and other important factors that may cause ZOOZ Power’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks and other risks and uncertainties are more fully discussed in the “Risk Factors” section of ZOOZ’s most recent Annual Report on Form 20-F as filed with the U.S. Securities and Exchange Commission (“SEC”) as well as other documents that may be subsequently filed by the Company from time to time with the SEC. The words “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements include, but are not limited to, statements relating to deployment of public ultra-fast charging infrastructure, the potential outcome of ZOOZ Power’s collaborations with third parties for installation of its flywheel-based power boosting solution, statements regarding the opportunity for ZOOZ Power to extend its presence in China, statements regarding growth in the Chinese market, statements regarding the expansion of ultra-fast charging networks and conditions in Israel and in the Middle East, including the effect of the evolving nature of the ongoing “Swords of Iron” war, may adversely affect ZOOZ Power’s operations. These forward-looking statements are only estimations, and ZOOZ Power may not actually achieve the plans, intentions or expectations disclosed in any forward-looking statements, so you should not place undue reliance on any forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in forward-looking statements made in this Press Release. Management of ZOOZ Power has based these forward-looking statements largely on current expectations and projections about future events and trends that such persons believe may affect ZOOZ Power’s business, financial condition and operating results. Forward-looking statements contained in this Press Release are made as of the date hereof, and none of ZOOZ Power or any of its representatives or any other person undertakes any duty to update such information except as may be expressly required under applicable law.

    1 https://www.asiafinancial.com/one-in-nearly-every-two-cars-sold-in-china-was-electric-in-2024

    The MIL Network –

  • MIL-OSI: Sage Geosystems Achieves “Awardable” Status by the U.S. Department of Defense for the U.S. Air Force Geothermal Program

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, March 03, 2025 (GLOBE NEWSWIRE) — Sage Geosystems Inc. (Sage), the pioneer of Pressure Geothermal technology, announced today it was selected by the U.S. Air Force Office of Energy Assurance and the U.S. Department of Defense’s (DoD) Chief Digital and Artificial Intelligence Office (CDAO) to explore how to tap into America’s abundant geothermal energy supply to increase the U.S.’s national security and energy dominance.

    Having achieved “Awardable” status for three separate applications, Sage can now explore developing a utility-scale geothermal power plant domestically and abroad to supply U.S. military bases with reliable and cost-effective electricity, even during a grid outage.

    Sage was selected through the CDAO’s innovative solicitation process known as the Tradewinds Solutions Marketplace, which is designed to accelerate the procurement and adoption of mission-critical technologies, such as Artificial Intelligence, Machine Learning, and resilient energy technologies. All “awardable” solutions in Tradewinds have been assessed through complex scoring rubrics and competitive procedures and allow government and military customers to readily choose a pre-approved vendor to expedite a contract.

    Tradewinds selected three of Sage’s submissions:

    • Sage Geosystems individual submission
    • A partnership with an independent energy and carbon management company
    • A partnership with a major energy equipment manufacturing company and an energy service company.

    These selections represent three of eleven final applications that achieved “awardable” status.

    “The U.S. Air Force leveraged the Tradewinds solicitation process to quickly collaborate with innovative American companies to build resilient, next-generation geothermal technologies at our bases, using private capital instead of taxpayer dollars,” said Mr. Kirk Philips, Director, Air Force Office of Energy Assurance.

    “Sage is incredibly excited to have been granted awardable status by the DoD as this allows us priority selection for future contracts,” said Cindy Taff, CEO of Sage. “We are excited to play a role in helping unleash America’s energy dominance with secure, plentiful, geothermal energy.”

    Sage’s videos, including two videos produced in collaboration with three separate partner entities, accessible only by government customers on the Tradewinds Solutions Marketplace, present actual use cases in which the company would implement geothermal power generation solutions and/or energy storage solutions. Sage Geosystems was recognized among a competitive field of applicants to the Tradewinds Solutions Marketplace whose solutions demonstrated innovation, scalability, and potential impact on DoD missions. Government customers interested in viewing the video solutions can create a Tradewinds Solutions Marketplace account at tradewindAI.com.

    About Sage Geosystems:
    Sage Geosystems is a leader in the next-generation geothermal industry, pioneering the use of Pressure Geothermal. Pressure Geothermal leverages both the heat and the pressure of the earth to enable three applications: energy storage, power generation and district heating. It also broadly expands where it can be applied allowing geothermal to be deployed globally. For more information, visit www.sagegeosystems.com.

    About the Tradewinds Solutions Marketplace:
    The Tradewinds Solutions Marketplace is a digital repository of post-competition, readily awardable pitch videos that address the U.S. Department of Defense’s (DoD) most significant challenges in the Artificial Intelligence/Machine Learning (AI/ML), data, and analytics space. All awardable solutions have been assessed through complex scoring rubrics and competitive procedures and are available to Government customers with a Marketplace account. Government customers can create an account at www.tradewindai.com. Tradewinds is housed in the DoD’s Chief Digital Artificial Intelligence Office. For more information or media requests, contact: Success@tradewindai.com.

    About the U.S. Air Force Office of Energy Assurance:
    The U.S. Air Force Office of Energy Assurance (AF OEA), a directorate of the Air Force Civil Engineer Center (AFCEC), develops energy solutions that close energy resilience gaps and strengthen our nation’s Air Force and Space Force installations at home and abroad. By leveraging the expertise of the energy community, AF OEA builds tailored energy solutions for each installation that are resilient, innovative, and cost-effective. For more information, visit https://www.afcec.af.mil/energy.

    Media Contact:
    Claire Underwood
    claire@teamsilverline.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d29340a8-b223-4747-94af-84cc4d3c8782

    The MIL Network –

  • MIL-OSI United Kingdom: European Day for Victims of Terrorism event – speakers announced

    Source: Traditional Unionist Voice – Northern Ireland

    Every year since the Madrid bombings in 2004 across Europe one day in March has been set aside as a Memorial Day to the victims of terrorist attacks. Following his election to the Assembly Jim Allister hosted events at Stormont to mark the occasion. His successor as TUV MLA for North Antrim, Timothy Gaston, is continuing the tradition.

    Over the years, there have been highly successful events attended by victims of Republican and Loyalist terrorism from across Northern Ireland, Great Britain, the Republic and continental Europe.

    This year’s event to mark European Day for Victims of Terrorism will be held in the Senate Chamber in Parliament Buildings at 11am on Monday 10th March with refreshments available from 10:30am.

    The press are very welcome to attend.

    Timothy Gaston explained:

    “The event will take the form of a minute of silence in memory of murdered victims, followed by three victims telling their stories so that we might hear some of the untold accounts of the consequences of terrorism, both republican and loyalist.

    “I believe this will be a worthwhile effort and in previous years I received very positive feedback from those who attended. It is but right that one of the regions of Europe most savagely ravaged by terrorism should mark this important day. I am pleased that we will hear from a cousin of Dougald McCaughey, one of the three Scottish soldiers murdered in particularly brutal circumstances in on 10th March 1971 meaning the event will take place on the anniversary of these brutal murders.

    “I am thankful for the South East Fermanagh Foundation and Ulster Human Rights Watch for making this event possible and for Assembly colleagues Mike Nesbitt and Patsy McGlone without whose co-sponsorship this event would not be taking place”.

    This year’s event will include contributions from four speakers. Their details are provided by SEFF and UHRW.

    1. Caroline D’Eath
    Daughter of Gerald D’Eath
    22nd May 1975

    Gerald was a 31-year-old Roman Catholic civilian murdered by a UVF bomb. He was married with four children and a machine operator who was from, Braeside in Dungannon.

    Gerald had been working on the building site of a new Christian Brothers school for several months and died on the site when a UVF bomb exploded. He was working as a bricklayer at the time.

    Pics provided by the family:

    Gerald D’Eath with his daughters before his death.

    Second picture is with his loving late wife Margaret.

    2. David McCaughey

    Cousin of Dougald McCaughey who was murdered by Provisional IRA terrorists alongside John and Joseph McCaig

    Three Scottish soldiers – 10th March 1971

    The soldiers were unarmed members of the 1st Battalion, Royal Highland Fusiliers.
    Dougald McCaughey, 23, was murdered along with brothers John, 17 and Joseph McCaig, 18 respectively. All three men were from Scotland.

    They were murdered when off-duty and in civilian clothes, having been lured from a city-centre bar in Belfast, driven to a remote location, and shot.

    Family, former colleagues, and friends of the three Scottish soldiers continue to fight for justice for three young men, who were much loved by many, David is a key driver in The Three Scottish Soldiers campaign group.

    3. Pamela Wilson
    Daughter of Const. David Dorsett RUC GC
    14th January 1973

    David Dorsett and Mervyn Wilson who were murdered by Provisional IRA terrorists.

    David was 37-years-old and originally from Wolverhampton and had served in the Royal Navy and the Bristol Constabulary.

    In 1967, he joined the RUC. His wife was from Londonderry. It was his son’s 8th birthday on the day he was murdered. He also had a 10-year-old daughter and an 8-month old baby girl.

    A bomb exploded beneath their car on Harbour Square.

    Both officers were serving with the force’s Traffic Branch and had been stationed at the nearby Victoria RUC station.

    Two other police officers who were in the car were also injured.

    4. Colette Murray

    Colette Murray was aged 47 years when her brother Cyril was shot dead by Loyalist terrorists on the 8th of July 1992 in the family home where they both had lived for 29 years. Their late parents and two other siblings had lived there with the latter both moving out on getting married. Cyril and Colette had put the house up for sale and were in the process of moving to a new bungalow in Randalstown which they were having built and which was ready for occupation ten days after the incident.

    Cyril Murray was a law-abiding citizen who had taught in a primary school in Belfast. He was well regarded in educational circles as an inspirational teacher and many past pupils had fond memories of him.

    The terrorists later stated it was a case of mistaken identity.

    Two individuals were later convicted and sentenced. As a result of the 1998 Belfast Agreement these individuals would only have served a minimum of 4 years and a maximum of 8 years for their heinous crimes.

    MIL OSI United Kingdom –

  • MIL-OSI Global: We need to switch to heat pumps fast – but can they overcome this problem?

    Source: The Conversation – UK – By Jack Marley, Environment + Energy Editor, UK edition

    StockMediaSeller/Shutterstock

    People in the UK need to adopt heat pumps and electric vehicles as fast as they once embraced refrigerators, mobile phones and internet connection according to a new report by the Climate Change Committee (CCC).

    This government watchdog says the next 15 years will be critical for decarbonising the UK, one of the world’s largest (and earliest) carbon polluters. Eighty-seven percent of its climate-heating emissions must be eliminated by 2040 to keep the country on track for net zero emissions by mid-century, per the report. The majority (60%) of these cuts are expected to come via a single source: electricity.

    This roundup of The Conversation’s climate coverage comes from our award-winning weekly climate action newsletter. Every Wednesday, The Conversation’s environment editor writes Imagine, a short email that goes a little deeper into just one climate issue. Join the 40,000+ readers who’ve subscribed.

    Out of possible alternatives to a fossil fuelled economy, electrification has emerged as the favoured solution of experts at the CCC.

    Ran Boydell, an associate professor in sustainable development at Heriot-Watt University, agrees. “Home boilers will very soon move into the realm of nostalgia,” he says.



    Read more:
    UK ban on boilers in new homes rules out hydrogen as a heating source

    The reason why heat pumps are increasingly touted as the future of home heating – and not retooled boilers that burn hydrogen instead of methane – is efficiency.

    Boydell points out that green hydrogen fuel is made using electricity from solar and wind farms. We could eliminate emissions a lot quicker, he argues, if that electricity went directly to heat pumps instead.

    Electricity can be turned into a fuel – or power appliances directly.
    Piyaset/Shutterstock

    “This is because you end up with only two-thirds of the energy in the hydrogen that you started with from the electricity,” he says.

    Likewise, battery-powered vehicles have an advantage that has allowed them to race ahead of hydrogen fuel cells to comprise almost a fifth of all new vehicles sold in the UK in 2024.

    “An electric vehicle can be recharged wherever there is access to a plug socket,” say Tom Stacey and Chris Ivory, supply chain experts at Anglia Ruskin University. “The infrastructure that exists to support hydrogen vehicles is limited in comparison and will require extensive investment to introduce.”



    Read more:
    The days of the hydrogen car are already over

    If the route to zero emissions is largely settled, we need to travel it quickly.

    Electric dreams

    One of the fastest energy transitions in history occurred over a decade in South Korea, according to energy system researchers James Price and Steve Pye (UCL). Between 1977 and 1987, the generation of electricity from oil in the east Asian country collapsed – from roughly 7 million gigawatt-hours to nearly 7,000 – and was replaced with, among other sources, nuclear power.

    There are historic analogues for the rapid shift necessary to arrest climate change. But a zero-carbon power sector, which the UK government aims to achieve by 2030, is just the start.



    Read more:
    For developing world to quit coal, rich countries must eliminate oil and gas faster – new study

    “Wind and solar, which provide more than 28% of the UK’s electricity, will soon overtake gas as the main generation source as more wind farms come online,” say energy system modeller Andrew Crossland and engineer Jon Gluyas, both of Durham University.

    “But successive governments have failed to achieve the same result in homes and communities where so much high-carbon gas is burned, despite their decarbonisation being critical to net zero.”



    Read more:
    Is Britain on track for a zero-carbon power sector in six years?

    Crossland and Gluyas note that solar panels, batteries and heat pumps can be installed “in days” to rapidly cut emissions, and that doing so would create “skilled jobs across the country”. As things stand, however, it would also present a severe challenge to the grid.

    Mechanical engineer Florimond Gueniat of Birmingham City University predicts that converting UK transport to battery power wholesale would require expanding grid capacity by 46% – the equivalent of erecting 5,800 skyscraper-sized wind turbines. And that’s even accounting for the greater efficiency of electric vehicles, which waste less of the energy we put into them compared with oil-powered cars.



    Read more:
    Switching to electric vehicles will push the power grid to the brink

    A massive upgrade to the electricity network is needed, and ordinary people have a part to play. Charging cars could serve as batteries that grid operators draw from during a supply pinch. The same goes for the power generated by solar panels on top of houses.

    “Such policies in Germany have … already offset 10% of the national demand,” says Gueniat.

    Getting to net zero requires the public’s involvement. But some of the CCC’s advice may be difficult to swallow. Not least the implication that people will have to eat 35% less meat and dairy in 2050 compared with 2019.



    Read more:
    The UK must make big changes to its diets, farming and land use to hit net zero – official climate advisers

    So are people ready for a world that runs on electrons alone? Aimee Ambrose, a professor of energy policy at Sheffield Hallam University, thinks heat pumps will struggle to compete with the inviting warmth of wood stoves and coal fires. Over three years she spoke with hundreds of people in the UK, Finland, Sweden and Romania and found strong attachments to high-carbon fuels even among people committed to solving climate change.

    The allure of the wood stove is hard to ignore.
    Jaromir Chalabala/Shutterstock



    Read more:
    Heat pumps have a cosiness problem

    Human behaviour is the most difficult variable for experts who study climate change to model. There will certainly be drawbacks to abandoning fossil fuelled conveniences at breakneck speed. Yet, there are bound to be benefits too – some of which might only materialise once we get going.

    In mid-April 2020, while much of humanity was under some form of lockdown to halt the spread of COVID-19, atmospheric chemist Paul Monks of the University of Leicester was marvelling at the sudden drop in air pollution, which kills millions of people each year and is predominantly caused by burning coal, oil and gas.

    “If there is something positive to take from this terrible crisis, it could be that it’s offered a taste of the air we might breathe in a low-carbon future,” he said.



    Read more:
    Coronavirus: lockdown’s effect on air pollution provides rare glimpse of low-carbon future

    – ref. We need to switch to heat pumps fast – but can they overcome this problem? – https://theconversation.com/we-need-to-switch-to-heat-pumps-fast-but-can-they-overcome-this-problem-249658

    MIL OSI – Global Reports –

  • MIL-OSI: NANO Nuclear Energy to Support Advanced Engineering Solutions and City University of New York on DOE SBIR Phase I Project Application for Microreactor Cooling and Smart Monitoring Technologies

    Source: GlobeNewswire (MIL-OSI)

    Project Would Investigate Advanced Decay Heat Removal Methods and a Smart Alarming System for Microreactor Transportation

    New York, N.Y., March 03, 2025 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear energy and technology company focused on developing clean energy solutions, today announced its support of a U.S. Department of Energy (DOE) Small Business Innovation Research (SBIR) Phase I application for a project in collaboration with the City University of New York – City College (CCNY) and Advanced Engineering Solutions LLC of Jersey City, New Jersey (AES). AES is headed by Dinesh Kalaga, Ph.D., a chemical engineer with experience on DOE funded projects, who would serve as the principal investigator of the project.

    The project, titled “Investigation of Microreactor Cooling and Development of a Smart Alarming System for Reactor Pressure Vessel Surface Temperature Monitoring,” is part of DOE’s Funding Opportunity Announcement and aims to develop advanced cooling techniques and monitoring systems for microreactor transport safety.

    Assuming SBIR Phase I approval and funding, the project will evaluate advanced Heat Pipes (HPs), Thermoelectric Cooling Modules, and Smart Alarming Systems as innovative solutions for managing decay heat during nuclear microreactor transportation. These technologies have the potential to evolve into a Type B-certified transport container with an integrated cooling system, ensuring the safe and efficient transportation of nuclear microreactors (including NANO Nuclear’s ZEUS microreactor in development) in compliance with U.S. Department of Transportation (DOT) regulations.

    Figure 1 – NANO Nuclear Energy Inc. supports City University of New York and Advanced Engineering Solutions on for Microreactor Cooling and Smart Monitoring Technologies Supports For DOE SBIR Phase I Project

    “Our support of AES and CCNY represents an important step forward in addressing one of the most significant challenges facing microreactor deployment—the safe and efficient removal of decay heat during transport,” said James Walker, Chief Executive Officer and Head of Reactor Development of NANO Nuclear Energy. “By leveraging advanced heat pipe technologies and smart monitoring systems, we aim to develop a first-of-its-kind transport system that will significantly enhance microreactor safety and regulatory compliance. As the microreactor industry continues to grow, solving transportation challenges is crucial to ensuring ultimate widespread deployment. NANO Nuclear’s involvement in this potential DOE-funded initiative reflects our dedication to advancing safe, efficient, and scalable microreactor technologies.”

    If funding from DOE is approved, the SBIR Phase I project will focus on:

    • Developing a Thermal Management System for microreactor transport containers using advanced Heat Pipes (HPs) and Thermoelectric Cooling Modules to remove decay heat passively and actively.
    • Creating a Smart Alarming System utilizing real-time monitoring sensors and computer vision technology to detect anomalies in temperature and pressure, enabling operators to take immediate corrective action.
    • Designing and testing a scaled-down prototype system at CCNY’s Thermal-Hydraulics Laboratory to validate performance and regulatory compliance.

    “This project aligns perfectly with our mission to pioneer the next generation of nuclear energy solutions, including those related to reactor transportation,” said Jay Yu, Founder and Chairman of NANO Nuclear Energy. “A robust and regulatory-compliant transport system is essential for unlocking the full potential of microreactors. By working with AES and CCNY, we are taking proactive steps to ensure microreactors can be safely delivered to locations where they are needed most.”

    Microreactors are represent the cutting edge of innovation in nuclear energy, designed to provide clean, resilient power in remote locations, military bases, disaster relief operations, data centers and other industrial applications. However, once shut down, microreactors continue to generate decay heat, necessitating an advanced cooling system to prevent overheating during transport. By advancing the thermal management and monitoring technologies needed for microreactor transportation, the project will contribute to overcoming key deployment barriers, helping to accelerate the commercialization of microreactors. The successful completion of Phase I will pave the way for a Phase II expansion, where NANO Nuclear may actively collaborate with AES and CCNY in further development, including a full-scale prototype and real-world testing.

    “This collaboration with NANO Nuclear, CCNY and AES brings together leading research and industry expertise to tackle one of the most pressing issues in microreactor deployment,” said Dr. Carlos O. Maidana, Ph.D., NANO Nuclear’s Head of Thermal Hydraulics and Space Program. “Our approach integrates passive and active cooling technologies, ensuring that microreactors meet strict transportation safety requirements while maintaining operational reliability.”

    NANO Nuclear Energy’s suite of energy systems includes several next-generation microreactors in development. To support these technologies, NANO Nuclear is also leading efforts in domestic HALEU (High-Assay Low-Enriched Uranium) fuel development through its subsidiary, HALEU Energy Fuel Inc., ensuring a secure and sustainable fuel supply for microreactors. NANO Nuclear will continue to engage with government agencies, national laboratories, and industry leaders to drive innovation in nuclear energy solutions and is committed to developing innovative reactor technologies and infrastructure that support the necessary transition to clean nuclear energy solutions.

    About NANO Nuclear Energy, Inc.

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

    Led by a world-class nuclear engineering team, NANO Nuclear’s reactor products in development include “ZEUS”, a solid core battery reactor, and “ODIN”, a low-pressure coolant reactor, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors. NANO Nuclear is also developing patented stationary KRONOS MMR™ Energy System and space focused, portable LOKI MMR™.

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

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

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

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

    For further NANO Nuclear information, please contact:

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

    PLEASE FOLLOW OUR SOCIAL MEDIA PAGES HERE:

    NANO Nuclear Energy LINKEDIN
    NANO Nuclear Energy YOUTUBE
    NANO Nuclear Energy X PLATFORM

    Cautionary Note Regarding Forward Looking Statements

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

    Attachment

    The MIL Network –

  • MIL-OSI China: China discovers 180-mln-tonne shale oil reserves

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

    BEIJING, March 3 — Sinopec, China’s largest oil refiner, on Monday announced the discovery of two major shale oilfields in the east of the country with combined proven reserves of 180 million tonnes.

    The confirmation of the Xinxing and Qintong oilfields, which was approved by China’s Ministry of Natural Resources, is a strategic move to exploit and identify shale oil reserves in the country’s continental rift basins.

    Shale oil mainly refers to liquid hydrocarbons trapped in formations of shale rock that can be extracted for refining. It is often found in organic-rich shale and thin interlayers of carbonate rock, sandstone and siltstone.

    The assessment is the first time to use China’s independently developed industry standards for the estimation of shale oil and continental shale oil system data, providing experience for the improvement of technical specifications and the reserve evaluation of shale oil in the future, said Li Jinggong, head of the ministry’s oil reserves assessment team.

    The two oilfields show promise for high initial yields due to favorable fracturability and formation pressure, with test results indicating the likelihood of stable outputs over extended periods.

    Sinopec is aiming to see an annual shale oil output of 2 million tonnes by the end of the 15th Five-Year Plan period (2026-2030), with an annual increase in proven reserves exceeding 100 million tonnes during the period.

    The recoverable shale oil reserves in China, one of the world’s major crude oil consumers, ranks third globally. Data from China’s National Energy Administration shows that the country’s crude oil production was 213 million tonnes in 2024, while its shale oil output surged to 6 million tonnes, a year-on-year increase of over 30 percent.

    MIL OSI China News –

  • MIL-OSI USA: Refinery closures and rising consumption will reduce U.S. petroleum inventories in 2026

    Source: US Energy Information Administration

    In-brief analysis

    March 3, 2025

    In 2026, we forecast that inventories of the three largest transportation fuels in the United States—motor gasoline, distillate fuel oil, and jet fuel—will fall to their lowest levels since 2000 in our February Short-Term Energy Outlook.

    Two pending refinery closures will reduce U.S. production of refined petroleum products. When combined with our forecast of growing consumption, we expect inventories for the three fuels to decline through 2026. We forecast inventories for these fuels will end next year at 375 million barrels, the lowest since 2000 when they ended the year at 358 million barrels.

    Inventory withdrawals tend to increase wholesale and retail fuel prices because market participants must meet demand by competing for a smaller pool of refinery production. As a result, we also forecast wholesale refinery margins for the three fuels will increase. In our forecast, however, these wider margins are partially offset by falling crude oil prices, leading to relatively smaller increases in retail fuel prices or even a decline in retail gasoline prices.

    Less motor gasoline refinery production and smaller inventories correspond with falling gasoline consumption in the United States. Because of both increased automobile efficiency and less employment growth, we forecast U.S. motor gasoline consumption will decline about 1% in 2026, following no year-over-year change in 2025.

    Dividing inventory levels by the three-year average previous rate of consumption provides an indicator called days of supply. Based on this indicator, we expect the days of supply of motor gasoline will remain near historical averages.

    For distillate, increased biofuel substitution is a new factor affecting balances and prices. We forecast that biodiesel and renewable diesel, both consumed individually and blended into petroleum distillate, will comprise about 9% of U.S. distillate fuel oil consumption next year, up from 5% in 2021. Accounting for these fuels’ stocks means that the United States will have around 10% more days of supply of distillate fuel than if we considered availability by only looking at petroleum distillate inventories. Even accounting for biofuels, inventories and days of supply will remain relatively low compared with historical averages, however.

    Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, February 2025
    Note: Days of supply calculated as ending inventories divided by three-year average consumption.

    We believe jet fuel will face tight supply and demand conditions. U.S. consumption of jet fuel will rise to an all-time high next year, while reduced refinery production will decrease jet fuel inventories to low levels. When adjusted on a days of supply basis, we forecast U.S. jet fuel will decline to about 21 days of supply—the lowest since 1963.

    Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, February 2025
    Note: Days of supply calculated as ending inventories divided by three-year average consumption.

    Principal contributor: Jeff Barron

    MIL OSI USA News –

  • MIL-OSI: New Stratus Energy Announces Award of a Transformative Production Sharing Contract for a Significant Oil Field in Ecuador, Funding and Offtake Agreement, and Concurrent Offerings

    Source: GlobeNewswire (MIL-OSI)

    NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

    CALGARY, Alberta, March 03, 2025 (GLOBE NEWSWIRE) — New Stratus Energy Inc. (TSX.V – NSE) (“New Stratus”, “NSE” or the “Corporation”) is pleased to announce that a consortium formed by subsidiaries of Sinopec International Petroleum E&P Corporation (60%) (“Sinopec”) and New Stratus (40%) (the “Consortium”) has reached an agreement for an award by the Ministry of Energy and Mines of Ecuador (“MEM”) of a 20-year (renewable) production sharing contract (the “PSC”) for crude oil production and additional exploration relating to Block 60 in Ecuador, also known as the “Sacha Block”, for an upfront cash entry bonus of US$1.5 billion (US$600 million payable by NSE). Formal execution of the PSC (“PSC Execution”) by the Consortium and MEM is expected to occur in March 2025 and upon which the Corporation will acquire a 40% interest (the “Acquired Interest”) in the Sacha Block.

    Highlights:

    • Average production in 2024 for the Sacha Block was approximately 77,191 barrels per day (bbl/d) of medium oil (25 degrees API gravity). Average gross production(1) in 2024 attributable to the Acquired Interest was approximately 30,876 bbl/d, implying US$19,433 per flowing barrel.
    • The average prices for WTI and Oriente Blend in December 2024 were US$70.12 and US$64.11, respectively. Currently, production from the Sacha Block receives a positive quality adjustment over Oriente Blend pricing of approximately US$2.50. Accordingly, using average production for December 2024 of 73,711 bbl/d, gross revenue(2) for the month of December 2024 attributable to the Acquired Interest was approximately US$60.9 million (approximately C$87.7 million).
    • As at December 31, 2024, proved developed producing (“PDP”) gross reserves(3) for the Acquired Interest are estimated at 67.8 million barrels, implying US$8.85 per barrel.
    • As at December 31, 2024, before-tax PDP reserve net present value of future net revenue(4) at a 10% discount rate (“PDP NPV 10”) for the Acquired Interest is estimated at US$2.4 billion (approximately C$3.5 billion), implying 0.25x before-tax PDP reserve net present value. The before-tax PDP NPV10 for the Acquired Interest is described in more detail in the chart below and implies a 1.13x before-tax PDP NPV10 for 2025.
      Period Ending
    December 31,    		     PDP NPV10(4) for
    Acquired Interest    		  
      2025     US$ 530.8 million  
      2026     US$ 413.1 million  
      2027     US$ 317.7 million  
      2028-2044     US$ 1,148.4 million  
      Total    

    US$ 2,410.1million(5)

    		  
               

    PSC Award and Terms

    On February 28, 2025, the official Committee for Hydrocarbons Tenders formed by the MEM, the Ministry of Finance and a representative of the President of Ecuador, approved the PSC and recommended to the MEM to grant the PSC to the Consortium. The PSC Execution by the Consortium and MEM is expected to occur in March 2025 and upon the Consortium paying an upfront cash entry bonus (“Entry Bonus”) to the Republic of Ecuador in the amount of US$1.5 billion (approximately C$2.2 billion), or US$600 million (approximately C$864 million) payable by NSE in accordance with its Acquired Interest.

    The PSC will be awarded for an initial 20-year term (the “Initial Term”) and pursuant to which the Consortium shall receive a share of production (known as the “X Factor”) calculated on a sliding scale basis depending on the prevailing Oriente Blend price (which is correlated to the price of WTI). At a WTI price of US$65 per barrel, the government production share is anticipated to be 18%, resulting in a Consortium production share, or X Factor, of 82%.

    In addition to the Entry Bonus, the Consortium has agreed to invest (the “Capital Investment”) amounts in excess of US$1.7 billion (approximately C$2.4 billion) during the Initial Term to finance a development plan approved by MEM (the “Approved Development Plan”). The Corporation’s share of the Capital Investment is approximately US$680 million (approximately C$979 million), of which approximately US$64 million (approximately C$92 million) and US$159 million (approximately C$229 million) are expected to be invested in 2025 and 2026, respectively. NSE expects to fund its share of the Capital Investment primarily through cash flow from operations, as well as from additional debt financing. The objectives of the Approved Development Plan are, among other things: (i) to replace and upgrade current facilities; (ii) for the expansion and construction of new facilities; (iii) for drilling new wells, workovers, recompletions, and water injection wells; (iv) for the drilling of two exploration wells; (v) for projects to eliminate gas flaring; and (vi) for secondary recovery which is intended to take the current oil recovery rate from 23% to 30%.

    No other royalties, or other similar production share arrangements, are payable and all operating expenses, capital expenses and taxes are on the account of the Consortium.

    The PSC Execution is subject to customary approval by the TSX Venture Exchange (“TSXV”). No finder’s fee is payable in connection with the PSC. The PSC, and the transactions contemplated thereby, are arm’s length.

    Ecuadorian Regulatory Framework

    The Ecuadorian government recently implemented policies to optimize the production from its oil and gas assets and aimed at attracting private investment, including reinstating production sharing contracts pursuant to the country’s Hydrocarbons Law and the 2018 executive decree no. 449. In accordance with the reinstated production sharing contracts, the Ecuadorian government may enter into production sharing contracts whereby the investing entity receives a share of the oil produced. The term for a production sharing contract is generally four years for exploration (extendable for two additional years) and 20 years for production, subject to an extension if reserves have been added and new investments are committed. The PSC includes the continuation and increase of production by the Consortium, as well as additional exploration in the Sacha Block.

    Sacha Block

    With an approximate area of 355 km2 and located in Central Ecuador, the Sacha Block has been operated by EP Petroecuador since 1990. The Sacha Block main reservoir is the Lower Cretaceous Hollin sandstone, with secondary reservoirs in the Upper Cretaceous Napo ‘T’ and ‘U’ sands.

    Pursuant to the PSC, the Consortium has committed to increase production for the Sacha Block to over 105,000 bbl/d by the end of 2029 (the “Production Increase”) and intends to achieve the Production Increase by providing the Capital Investment and completing the Approved Development Plan.

    Acquired Interest Funding

    NSE’s portion of the Entry Bonus will be satisfied through a combination of the following funding sources: (i) a funding and off-take agreement with a leading global off-taker (the “Off-Taker”) in the amount of US$480 million (approximately C$691 million); (ii) the Subscription Receipt Offering (as defined below) for aggregate gross proceeds of approximately US$70 million (C$100 million); (iii) the Common Share Offering (as defined below) for aggregate gross proceeds of approximately US$10 million (C$14 million); and (iv) additional amounts through a combination of debt, convertible debt or other equity financing sources (collectively, the “Additional Financing”).

    Off-take Mandate and Senior Secured Prepayment Facility

    NSE has appointed the Off-Taker as exclusive mandated lead arranger of an up to US$480 million (approximately C$691 million) senior secured prepayment facility (the “Facility”) and exclusive off-taker. The Facility has a cost of SOFR + 9.5%, a five-year final maturity date, and a minimum amortization equal to 1/16th of the original principal amount per quarter after a one-year grace period. As exclusive off-taker, the Off-Taker will have the right to purchase NSE’s share of the production from the Sacha Block for five years.

    Concurrent Offerings

    NSE intends to complete brokered private placements of (i) subscription receipts of the Corporation (“Subscription Receipts”) for gross proceeds of up to approximately US$70 million (C$100 million) (the “Subscription Receipt Offering”); and (ii) common shares of the Corporation (“Common Shares”) for gross proceeds of up to approximately US$10 million (C$14 million) (the “Common Share Offering” and together with the Subscription Receipt Offering, the “Concurrent Offerings”). The number of Subscription Receipts and Common Shares to be sold, the offering price (the “Offering Price”) of the Subscription Receipts and Common Shares, and the terms of the Concurrent Offerings will be determined in the context of the market. NSE expects to issue a subsequent news release containing the final terms of the Concurrent Offerings following the time of pricing.

    New Stratus has received lead indications of interest: (i) for the Common Share Offering from a U.S.-based energy specialist institutional investor; and (ii) for the Subscription Receipt Offering from a group of global energy specialist institutional investors, all based on an expected Offering Price reflecting the customary discount to the trading price for financings of this nature.

    The Concurrent Offerings are being co-led by Ventum Financial Corp. (“Ventum”) and Cormark Securities Inc. (“Cormark” and together with Ventum, the “Lead Agents”) on their own behalf, and in respect of the Subscription Receipt Offering, on behalf of a syndicate of agents (the “Agents”). Each Subscription Receipt will entitle the holder thereof to automatically receive, without payment of any additional consideration or further action on the part of the holder, one Common Share upon completion of certain escrow release conditions in accordance with the terms of a subscription receipt agreement to be entered into between the Corporation, the Lead Agents and Odyssey Trust Company, as subscription receipt agent (the “Subscription Receipt Agent”), including, among other things, the completion of all conditions precedent to the PSC Execution other than payment of the Entry Bonus.

    In addition, NSE will grant the Agents an option (the “Agents’ Option”) to increase the size of the Subscription Receipt Offering by up to 15% by giving written notice of the exercise of the Agents’ Option, or a part thereof, to NSE at any time up to 48 hours prior to closing of the Subscription Receipt Offering.

    In consideration for their services, the Agents will receive a commission equal to 6.0% of the gross proceeds (the “Subscription Receipt Commission”) of the Subscription Receipt Offering and the Lead Agents will receive a commission equal to 6.0% of the gross proceeds of the Common Share Offering.

    The proceeds from the sale of the Subscription Receipts less 50% of the Subscription Receipt Commission and the Agents’ expenses incurred in connection with the Subscription Receipt Offering (the “Escrowed Proceeds”) will be held by the Subscription Receipt Agent. If (i) an escrow release notice and direction is not delivered to the Subscription Receipt Agent prior to by 5:00 p.m. (Calgary time) on May 15, 2025; (ii) the Corporation gives notice to the Agents that it does not intend to proceed with the PSC Execution; or (iii) the Corporation announces to the public that it does not intend to proceed with the PSC Execution (each, a “Termination Event” and the time of the earliest of such Termination Event to occur, the “Termination Time” and the date on which such Termination Time occurs, the “Termination Date”), the Subscription Receipt Agent will pay to each holder of Subscription Receipts, no earlier than the third business day following the Termination Date, an amount per Subscription Receipt equal to the issue price in respect of such Subscription Receipt, plus such holder’s proportionate share of any interest and other income received or credited on the investment of the Escrowed Proceeds between the closing date and the Termination Date.

    The securities to be issued under the Concurrent Offerings will be offered by way of private placement in (i) all of the provinces of Canada, (ii) the United States and (iii) such other jurisdictions as may be determined by the Corporation, in each case, pursuant to applicable exemptions from the prospectus requirements under applicable securities laws. The Concurrent Offerings are expected to close on or about March 25,
    2025, subject to TSXV approval and other customary closing conditions.

    The securities issued pursuant to the Concurrent Offerings, and any securities issued on exchange or conversion thereof, are subject to a statutory four-month hold period from the date(s) of closing of the Concurrent Offerings and applicable U.S. resale restrictions.

    Additional Financing

    The Corporation expects to issue a subsequent news release containing the details of the Additional Financing once an agreement has been reached in respect of same, which will include the material terms of such transaction.

    Disposition of Interest in Venezuela

    NSE also announces that it has entered into a termination agreement pursuant to which it has formally dissolved its joint venture for the development of four oil fields located in eastern Venezuela. This joint venture was structured through an indirect 40% equity participation in Vencupet SA, facilitated via Gold Pillar International SPC Ltd. (“GP”), a British Virgin Islands-based fund that holds 40% of Vencupet.

    The Vencupet oil fields development project included a financing arrangement under which GP would provide funding for the rehabilitation of these oil wells. In return, PDVSA was to repay the financing and to compensate GP with oil produced through the assignment of crude oil shipments.

    Following the termination of its joint venture, NSE has relinquished its entire equity stake in DOOG at no cost. Additionally, all shareholder loans extended by NSE to DOOG in the amount of approximately US$4.1 million have been forgiven, and all counterparty agreements and consideration arrangements have been terminated, without any further obligation or liability to NSE, except for specific compensation to GP’s principal shareholder, in the event that certain anticipated project costs cannot be recovered from PDVSA within fourteen months of the termination date.

    For two years from the termination, NSE will be allowed to negotiate the terms to reacquire its shareholding in DOOG and in the Vencupet project, in terms to be agreed between the Parties.

    Financial Advisors

    Ventum, Cormark and Horizon Partners are acting as financial advisors to the Corporation with respect to the transaction. ECM Capital Advisors Inc. is acting as strategic advisor to the Corporation with respect to the transaction.

    Contact Information:

    Jose Francisco Arata
    Chairman & Chief Executive Officer
    jfarata@newstratus.energy

    Wade Felesky
    President & Director
    wfelesky@newstratus.energy

    Mario Miranda
    Chief Financial Officer
    mmiranda@newstratus.energy – (647) 498-9109

    Notes:

    (1) Average gross production attributable to the Acquired Interest is presented before any deductions relating to the government share, because the government share was not payable as at December 31, 2024. Applying an example government share of 18%, net production attributable to the Acquired Interest would have been 25,319 bbl/d.
    (2) Gross revenue for December 2024 attributable to the Acquired Interest is calculated using December 2024 average production and December 2024 average pricing (being Oriente Blend pricing plus the positive quality adjustment), and is presented before any deductions relating to the government share, because the government share was not payable as at December 31, 2024. Applying an example government share of 18%, net revenue for the month of December 2024 attributable to the Acquired Interest would have been approximately US$49.9 million (approximately C$71.9 million).
    (3) As at December 31, 2024, Netherland, Sewell & Associates, Inc. (“NSAI”) estimates the gross PDP reserves for the Sacha Block (100% working interest) to be 169.5 million barrels. Gross reserves attributable to the Acquired Interest are based on a 40% working interest and are presented before any deductions relating to the government share.
    (4) As at December 31, 2024, NSAI estimates the net present value of future net revenue before income taxes discounted at 10 percent for the PDP reserves for the Sacha Block (100% working interest) to be US$6.0 billion. Net present value of future net revenue attributable to the Acquired Interest is based on a 40% working interest and is presented before any deductions relating to the government share, because the government share was not payable as at December 31, 2024. Following the acquisition of the Acquired Interest, NSE will be required to pay the government share, which is estimated to be 18% at a WTI price of US$65 per barrel.
    (5) Total value may not add due to rounding.

    Note on Currency and Exchange Rates

    In this news release, references to “C$” or “$” are to Canadian dollars and references to “US$” are to United States dollars. In this news release, the Corporation has used a currency exchange rate of US$1.00 = C$1.44.

    Forward-Looking Information

    Certain information set forth in this news release constitutes “forward-looking statements”, and “forward-looking information” under applicable securities legislation (collectively, “forward-looking statements”). All statements other than statements of historical fact are forward-looking statements. Forward-looking statements may be identified by the use of conditional or future tenses or by the use of words such as “will”, “expects”, “intends”, “may”, “should”, “estimates”, “anticipates”, “believes”, “projects”, “plans”, and similar expressions, including variations thereof and negative forms. Forward-looking statements in this news release include, among others, timing of the PSC Execution; satisfaction or waiver of the conditions precedent to the PSC Execution, including the funding and payment of the Entry Bonus; receipt of required legal and regulatory approvals for the PSC Execution (including approval of the TSXV); expected production and revenue related to the Sacha Block; the anticipated dates of the PSC Execution; the terms (including the Offering Price), timing and completion of the Concurrent Offerings; the indications of interest and the lead orders for the Concurrent Offerings; the timing and completion of the Additional Financing and the terms thereof; the closing of the Facility and the terms thereof; the use of proceeds from the Concurrent Offerings, the Additional Financing and the Facility; the amount, terms and timing of the Capital Investment, and the resulting effect thereof on production levels, including the Production Increase; the terms and timing of the Approved Development Plan, and the resulting effect thereof on production levels, including the Production Increase; and the Consortium’s ability to replicate past performance in the Sacha Block. Forward-looking statements are based on the Corporation’s current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Forward-looking statements are not guarantees of future performance and undue reliance should not be placed on them.

    In respect of the forward-looking statements contained herein, the Corporation has provided them in reliance on certain key expectations and assumptions made by management, including expectations and assumptions concerning the receipt of all approvals and satisfaction of all conditions to the completion of the PSC Execution, the Concurrent Offerings, and the Facility, the operational and financial performance of the Sacha Block, the geological characteristics of the Sacha Block, the availability of debt and equity financing on terms acceptable to the Corporation, the cooperation of the Consortium, prevailing weather conditions, prevailing legislation affecting the oil and gas industry, commodity prices and exchange rates.

    Although NSE believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because NSE can give no assurance that they will prove to be correct. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to: risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks); risks associated with negotiating with foreign governments as well as country risk associated with conducting international activities; the impact of general economic conditions in Canada and Ecuador; prolonged volatility in commodity prices; the risk that the new U.S. administration imposes tariffs affecting the oil and gas industry in Ecuador or globally, and that such tariffs (and/or retaliatory tariffs in response thereto) adversely affect the demand for the Corporation’s production, or otherwise adversely affects the Corporation’s business or operations; the risk that Oriente Blend oil prices are lower than anticipated; determinations by OPEC and other countries as to production levels; the risk of changes in government policy on resource development; industry conditions including changes in laws and regulations including adoption of new environmental laws and regulations, and changes in how they are interpreted and enforced; the timing for conducting planned operations and the results of such operations, including flow rates and resulting production; the availability of the requisite personnel and equipment to conduct operations; the ability to successfully integrate operations and realize the anticipated benefits of acquisitions; the ability to increase production, and the anticipated cost associated therewith; failure of counterparties to perform under contracts; changes in currency exchange rates; interest rate fluctuations; the ability to secure adequate equity and debt financing; and management’s ability to anticipate and manage the foregoing factors and risks.

    There can be no assurance that forward-looking statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. New Stratus undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change except as required by applicable securities laws. Actual results, performance or achievement could differ materially from those   expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits may be derived therefrom.

    Oil & Gas Matters Advisory

    The reserves information included in this news release attributable to the Acquired Interest has been derived from a report prepared by Netherland, Sewall & Associates, Inc. (“NSAI”) effective as of December 31, 2024 (the “NSAI Report”). The reserves information was prepared in accordance with the Canadian Oil and Gas Evaluation Handbook and National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities.

    Statements relating to reserves are deemed to be forward-looking statements, as they involve the implied assessment, based on certain estimates and assumptions, that the reserves described exist in the quantities predicted or estimated. The reserve estimates described herein are estimates only. The actual reserves may be greater or less than those calculated.

    It should not be assumed that the estimates of future net revenues presented herein represent the fair market value of the reserves. There are numerous uncertainties inherent in estimating quantities of crude oil, reserves and the future net revenues attributed to such reserves.

    References in this news release to historical production rates are not indicative of long term performance or of ultimate recovery. Readers are cautioned not to place reliance on such rates in assessing the future production rates for the Corporation.

    “Proved Developed Producing Reserves” are those reserves that are expected to be recovered from completion intervals open at the time of the estimate. These reserves may be currently producing or, if shut-in, they must have previously been on production, and the date of resumption of production must be known with reasonable certainty.

    Medium crude oil is crude oil with a relative density greater than 22.3 degrees API gravity and less than or equal to 31.1 degrees API gravity.

    General Advisory

    This announcement does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States, nor may any securities referred to herein be offered or sold in the United States absent registration or an exemption from registration under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) and the rules and regulations thereunder. The securities referred to herein have not been and will not be registered under the U.S. Securities Act or any state securities laws. Accordingly, the securities may not be offered or sold within the United States except in transactions exempt from the registration requirements of the U.S. Securities Act and applicable state securities laws.

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

    The MIL Network –

  • MIL-OSI: Australian Oilseeds Announces Appointment of Amarjeet Singh as Chief Financial Officer

    Source: GlobeNewswire (MIL-OSI)

    COOTAMUNDRA, Australia, March 03, 2025 (GLOBE NEWSWIRE) — Australian Oilseeds Holdings Limited, a Cayman Islands exempted company (the “Company”) (NASDAQ: COOT), today announced the appointment of Amarjeet Singh as Chief Financial Officer (“CFO”) effective February 28, 2025. Singh brings more than 20 years of finance and accounting experience and held leadership roles at major companies in the global agricultural sector and will replace Bob Wu who is leaving his position to explore new opportunities outside of the Company.

    “We are excited to welcome Amarjeet as the Company’s new Chief Financial Officer,” said Gary Seaton, Chief Executive Officer. “His deep expertise in finance and accounting coupled with a strong background in the global agricultural sector make him the ideal candidate to lead our finance organization at this pivotal time. Amarjeet is a strategic leader with a proven track record of driving growth and productivity along with improving profitability. On behalf of everyone at the Company, I would like to thank Bob for his significant contributions and wish him success in his future endeavors. I am particularly grateful for his leadership and support over the last four years that we have worked together. He has been a critical player to drive our strategic agenda, leading key initiatives, which will benefit us for many years to come”

    Mr. Singh commented, “It’s an exciting time to join Australian Oilseeds as the Company continues to focus on expanding and scaling its business globally. I look forward to working with this talented team to strengthen our foundation and ensure we are well positioned to deliver significant long-term sustainable growth and shareholder value.”

    Mr. Singh is an experienced financial controller with a demonstrated history of working in the Agri-commodities and manufacturing listed companies, with experience in financial reporting, consolidation, budgeting, accounting, treasury management, and management information systems (MIS) including leadership roles at major companies in the global agricultural sector. Before joining Australian Oilseeds, from 2018 to 2025, he served as Head of Finance at MOI International Pty Ltd, a subsidiary of Mewah International, a large agricultural company listed in Singapore. From 2011 to 2017, Mr. Singh was Manager, Accounts and Treasury, at Mewah Oils & Fats, another subsidiary of Mewah International. Prior to Mewah, Mr. Singh held finance and accounting roles of progressive responsibility at divisions of large, NYSE-listed multi-national companies including General Electric and Snap-On Tools from 2008 to 2011 and served as an Audit Senior for BDO Lodha & Co. from 2004 to 2007. Mr. Singh is a graduate of the Institute of Chartered Accountants of India as a chartered accountant, specializing in Finance & Accountancy in 2007.

    About Australian Oilseeds Investments Pty Ltd.: Australian Oilseeds Investments Pty Ltd. is an Australian proprietary company that, directly and indirectly through its subsidiaries, is focused on the manufacture and sale of sustainable oilseeds (e.g., seeds grown primarily for the production of edible oils) and is committed to working with all suppliers in the food supply chain to eliminate chemicals from the production and manufacturing systems to supply quality products to customers globally. The Company engages in the business of processing, manufacture and sale of non-GMO oilseeds and organic and non-organic food-grade oils, for the rapidly growing oilseeds market, through sourcing materials from suppliers focused on reducing the use of chemicals in consumables in order to supply healthier food ingredients, vegetable oils, proteins and other products to customers globally. Over the past 20 years, the Company’s cold pressing oil plant has grown to become the largest in Australia, pressing strictly GMO-free conventional and organic oilseeds.

    Forward-Looking Statements: This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding our financial outlook, business strategy and plans, market trends and market size, opportunities and positioning. These forward-looking statements are based on current expectations, estimates, forecasts and projections. Words such as “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” “shall” and variations of these terms and similar expressions are intended to identify these forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control. For example, global economic conditions could in the future reduce demand for our products; we could in the future experience cybersecurity incidents; we may be unable to manage or sustain the level of growth that our business has experienced in prior periods; our financial resources may not be sufficient to maintain or improve our competitive position; we may be unable to attract new customers, or retain or sell additional products to existing customers; we may experience challenges successfully expanding our marketing and sales capabilities, including further specializing our sales force; customer growth could decelerate in the future; we may not achieve expected synergies and efficiencies of operations from recent acquisitions or business combinations, and we may not be able to pay off our convertible notes when due. Further information on potential factors that could affect our financial results is included in our most recent Annual Report on Form 10-K and our other filings with the Securities and Exchange Commission. The forward-looking statements included in this press release represent our views only as of the date of this press release and we assume no obligation and do not intend to update these forward-looking statements.

    Contact
    Australian Oilseeds Holdings Limited
    126-142 Cowcumbla Street
    Cootamundra New South Wales 2590
    Attn: Gary Seaton, CEO
    Email: gary@energreennutrition.com.au

    Investor Relations Contact
    Reed Anderson
    (646) 277-1260
    reed.anderson@icrinc.com

    The MIL Network –