This letter has been issued by the Minister for Energy, Michael Shanks MP, to the Chair of the Energy Networks Association (ENA) OFTO forum Roger Morgan. It sets out the approach to the consideration of decommissioning plans for ‘early OFTOs’, specifically those within DESNZ’ remit who applied to Ofgem’s tender rounds 1 to 6.
Source: United States House of Representatives – Congresswoman Pramila Jayapal (7th District of Washington)
SEATTLE, WA — U.S. Representative Pramila Jayapal (WA-07) released the following statement on the dissolution of the Resilient Columbia Basin Agreement between the Federal Government, Tribes and the states of Washington and Oregon for the management and restoration of the Columbia River Basin:
“This Executive Order represents the careless discarding of many years of work on the Columbia-Snake River system between the Federal Government, Pacific Northwest Tribes, and the states of Oregon and Washington to address energy, irrigation, environmental, and recreation challenges. Salmon play an essential role in our ecosystem, our community, Tribal culture, and our economy. Breaking up this historic agreement will harm salmon protection efforts — also impacting efforts to recover endangered Southern Resident killer whale populations, jeopardize energy stability and production, and fly in the face of our commitments to our Tribal Nations.
“This agreement had been a major accomplishment for the Northwest, and Trump’s moves to pull the Departments of Energy, the Interior, and Commerce out of binding agreements come after months of inaction to fulfill the commitments made in the Resilient Columbia Basin Agreement. Instead of supporting federal agencies’ implementation of the agreement, the Trump administration gutted federal funding for programs like Columbia River Fish Mitigation, forced out career federal employees at agencies like the National Oceanic and Atmospheric Administration, and undermined the use of science within the federal government.
“My office has been in close communication with many stakeholders impacted by and involved in the health of and operations on the Columbia-Snake River system. We must continue to work in partnership with conservationists to support regional sovereigns and use all available tools to prevent salmon extinction, rebuild salmon populations to healthy abundance, and create a more resilient energy future.”
The ongoing conflict between Iran and Israel intensified on Monday, marking its fourth day of relentless military exchanges, with both nations escalating their campaigns as civilian casualties mount. What began as Israeli preemptive strikes on Friday has spiraled into a sustained barrage of missiles and airstrikes, showing no immediate signs of de-escalation.
According to Iran’s Health Ministry, at least 224 people, predominantly civilians, have been killed since the conflict erupted, with many deaths attributed to Israeli airstrikes targeting military and infrastructure sites. In Israel, the death toll has reached over 20, with more than 300 injured as the conflict reaches unprecedented intensity.
On Sunday night and into Monday, Iranian forces launched a fresh wave of missile and drone attacks targeting civilian areas in Tel Aviv, Haifa, and Petah Tikva, killing at least eight Israelis and injuring dozens. Israel retaliated with extensive airstrikes on Iranian military, nuclear, and energy facilities, including targets in Tehran. Prime Minister Benjamin Netanyahu claimed the Israeli Air Force had achieved “complete operational freedom” over Iranian airspace, striking key command centers, such as those of the Islamic Revolutionary Guard Corps’ Quds Force.
The Israel Defense Forces (IDF) reported significant tactical gains, stating they had destroyed approximately 120 of Iran’s missile launchers—about one-third of its stockpile—over the four-day conflict. On Monday morning, Israeli forces intercepted weapons shipments, including trucks carrying surface-to-air missile launchers headed toward Tehran. On Sunday evening, Israeli jets destroyed over 20 surface-to-surface missiles before they could be launched, with around 50 aircraft striking 100 military targets in Isfahan, central Iran.
Both nations’ leaders have adopted increasingly defiant stances. Israel’s Defense Minister warned that Tehran’s population would “pay the price” for continued attacks, while Iran’s president called for national unity against what he described as Israel’s “genocidal aggression.”
The international community has expressed growing alarm over the conflict’s potential to destabilize West Asia. The G7 summit in Canada has prioritized the crisis, with leaders warning of the risk of a broader regional war. Diplomatic efforts, however, have stalled, as Iran refuses to negotiate under active attack. Russia has offered to mediate, but neither side has shown willingness to accept third-party intervention.
Nuclear concerns have further complicated the situation. The International Atomic Energy Agency’s Rafael Grossi confirmed no damage to Iran’s Fordow fuel enrichment plant or the Khondab heavy water reactor site, despite Israeli strikes on nuclear facilities. However, Iranian parliamentarians are reportedly drafting legislation that could lead to Iran’s withdrawal from the Nuclear Non-Proliferation Treaty, a move that would significantly heighten global tensions.
Source: Africa Press Organisation – English (2) – Report:
The Arab Coordination Group (ACG) (https://TheACG.org/), the world’s second-largest development finance group, extended US$19.6 billion collectively to fund nearly 650 operations in more than 90 countries in 2024. This significant financing was geared towards developing critical infrastructure, addressing global challenges like climate change and food security, and supporting international trade.
The ACG Heads of Institutions gathered in Vienna today for their 20th annual meeting hosted by the OPEC Fund for International Development (the OPEC Fund). Ahead of the Fourth International Conference on Financing for Development (FFD4) which is scheduled to take place from 30 June to 3 July 2025 in Spain, the group reaffirmed its commitment to scaling-up financial assistance for sustainable development.
The top three sectors supported by ACG financing last year were energy (29 percent), agriculture (20 percent) and the financial sector (16 percent). Over 45 percent of the total financing promoted global trade, ensuring the movement of critical products and supporting small and medium-sized enterprises.
In 2024, approximately 20 percent of the ACG’s commitments were dedicated to Africa, aligned with the US$50 billion pledge made by the group in November, 2023. During their meeting in Vienna today, the Heads of Institutions pledged continued and increasing support to the most vulnerable communities in Africa. The commitment aims to provide financing for energy security and energy transition; food security; enhanced integration of the Arab and African regions; gender and youth initiatives; and private sector support.
The ACG will celebrate its 50th Anniversary in October 2025, marking a significant milestone in its journey of fostering sustainable development worldwide. This momentous occasion will provide an opportunity to reflect on the Group’s remarkable legacy, achievements, and challenges, while also reaffirming its commitment to global development. This event will not only document the Group’s accomplishments over the past fifty years but also inspire renewed commitment to advancing impactful development solutions worldwide.
– on behalf of Arab Coordination Group (ACG).
About the Arab Coordination Group (ACG): The Arab Coordination Group (ACG) is a strategic alliance that provides a coordinated response to development finance. Since its establishment in 1975, ACG has been instrumental in developing economies and communities for a better future, providing more than 13,000 development loans to over 160 countries around the globe. Comprising ten development funds, ACG is the second-largest group of development finance institutions in the world and works across the globe to support developing nations and create a lasting, positive impact.
The Group comprises the Abu Dhabi Fund for Development, the Arab Bank for Economic Development in Africa, the Arab Fund for Economic and Social Development, the Arab Gulf Programme for Development, the Arab Monetary Fund, the Islamic Development Bank, the Kuwait Fund for Arab Economic Development, the OPEC Fund for International Development, the Qatar Fund for Development and the Saudi Fund for Development.
Source: Africa Press Organisation – English (2) – Report:
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Angola has taken a decisive step in advancing its strategic partnership with the U.S., following a high-level meeting between Angolan Minister of Mineral Resources, Oil and Gas Diamantino Azevedo and U.S. Secretary of Energy Chris Wright in Washington, D.C. on June 11. The meeting – also attended by Angola’s Ambassador to the U.S., Agostinho Van-Dúnem – underscored the shared commitment of both nations to deepen cooperation across oil and gas, critical minerals and renewable energy development.
American companies have long played a leading role in Angola’s oil and gas industry, from offshore exploration to production and infrastructure. Minister Azevedo and Secretary Wright explored opportunities to build on this foundation through new upstream projects, gas monetization, refining and critical mineral development which is vital for clean technology supply chains. They also highlighted Angola’s efforts to attract U.S. capital for renewable energy initiatives, particularly in solar and green hydrogen, as part of the country’s diversification and modernization drive.
“This meeting reflects the robust and evolving partnership between Angola and the United States. We are committed to working together to achieve a balanced energy transition – one that leverages Angola’s natural resources, advances technological cooperation and contributes meaningfully to our economic transformation and development goals,” stated Minister Azevedo.
With more than nine billion barrels of proven oil reserves and 11 trillion cubic feet of natural gas, Angola has unveiled over $60 billion in oil and gas investment prospects through its National Oil, Gas and Biofuels Agency (ANPG). These span exploration, development, gas processing, refining and midstream infrastructure. A licensing round set to launch this year will offer ten new blocks in the Kwanza and Benguela basins, while 11 additional blocks are open for direct negotiation, alongside five marginal field opportunities.
U.S. firms continue to play a foundational role in Angola’s energy landscape. Earlier this month, ExxonMobil, as a joint venture partner alongside operator TotalEnergies, secured an extension of the PSC for Block 17, enabling continued deepwater exploration and development in this prolific basin and underscoring its long-term commitment to Angola’s offshore sector. Meanwhile, ExxonMobil is advancing the redevelopment of Block 15 – where over 2.6 billion barrels have already been produced – with an 18-well program extending the block’s life by more than two decades and yielding two new discoveries. The company is also undertaking prospective studies on Blocks 17/06 and 32/21, in collaboration with TotalEnergies and ANPG, aiming to identify future drilling targets.
Chevron, through its affiliate Cabinda Gulf Oil Company, is leading Angola’s gas development efforts. The company has ramped up gas supply to 600 million cubic feet per day to the Angola LNG plant and achieved first gas earlier this year from its Sanha Lean Gas Connection Project, which will supply both the Soyo power plants and Angola LNG. Angola LNG – one of sub-Saharan Africa’s few operational LNG export terminals – offers a strategic entry point for U.S. firms into global LNG supply chains. As part of the New Gas Consortium, Chevron is also developing Angola’s first non-associated gas project, set to come online in late 2025 or early 2026.
Downstream and midstream projects are another key pillar of Angola’s energy transformation. Construction is advancing on the $920-million Cabinda Refinery, with U.S. firms engaged in engineering and procurement roles. The U.S.-backed Lobito Corridor – a major infrastructure initiative connecting Angola’s Lobito port to Zambia and the DRC – is poised to boost regional energy transport and industrialization, offering additional opportunities for American companies in logistics, storage and rail-linked energy infrastructure. Complementary investments in storage terminals, fuel distribution and domestic refining capacity are helping Angola reduce its reliance on imports and increase energy self-sufficiency.
The engagement marks a renewed commitment to aligning U.S.-Angola energy collaboration with the goals of sustainable development, energy security and economic modernization.
“One fundamental objective must guide our foreign policy in the Middle East: Iran can never obtain a nuclear weapon. This week, the International Atomic Energy Agency concluded that this possibility was closer than ever and censured Iran for violating its obligations.
“Iran has principally funded and supported the terrorist groups Hamas, Hezbollah, and the Houthis in their quest to eradicate Israel and western democracy writ large. At this dangerous time, diplomacy must continue to be the primary pathway towards ensuring a denuclearized Iran. But Iran must engage in diplomatic talks in good faith, not while rushing to build a nuclear bomb.
“While our Administration’s first priority is to ensure the safety and security of U.S. forces throughout the region, the United States must also defend our democratic ally and strategic partner Israel and continue to work with our regional partners to prevent a broader conflict.
“My prayers are with all those who may be in harm’s way.”
Source: Hong Kong Government special administrative region
The Centre for Food Safety (CFS) of the Food and Environmental Hygiene Department today (June 16) urged the public not to consume several kinds of prepackaged candies, as the products might contain mineral oils (mineral oil saturated hydrocarbons (MOSH) and mineral oil aromatic hydrocarbons (MOAH)). The CFS urged the public not to consume the products concerned, regardless of batches. The trade should stop using or selling the affected products immediately if they possess any of them.
Product details are as follows:
Product name: (1) Jolly Rancher Hard Candy (2) Jolly Rancher ‘Misfits’ Gummies (3) Jolly Rancher Hard Candy Fruity 2 in 1 (4) Jolly Ranchers Berry Gummies Manufacturer: The Hershey Company
A spokesman for the CFS said, “The CFS noted a notice issued by the British Authority indicating that the above-mentioned products might contain mineral oils MOSH and MOAH. The products are not compliant with their local law and all batches of products concerned are being recalled.
After a preliminary investigation, the CFS confirmed one local supplier, Wahcom Limited had imported one of the affected products, Jolly Rancher Hard Candy into Hong Kong.”
The supplier concerned has voluntarily stopped sales, removed the affected products from shelves and initiated a recall. Members of the public may call the supplier’s hotline at 2442 2677 during office hours for enquiries about the recall.
According to the Mineral Oil in Food Regulations (Cap 132AR), no person shall use or permit to be used any mineral oil in the composition or preparation of any article of food intended for sale for human consumption.
​The CFS will alert the trade to the incident and will continue to follow up and take appropriate action. An investigation is ongoing.
Headline: Governor Josh Stein Announces Western North Carolina Homeowners Can Apply for Single-Family Housing Recovery Program
Governor Josh Stein Announces Western North Carolina Homeowners Can Apply for Single-Family Housing Recovery Program lsaito
Raleigh, NC
Today Governor Josh Stein announced the state is accepting applications for a new program to repair or rebuild homes in western North Carolina that were damaged or destroyed by Hurricane Helene. The program is the first of a series of recovery initiatives to be offered by the North Carolina Commerce Department’s Division of Community Revitalization under the program name Renew NC.
“Helene caused significant damage to thousands of homes across western North Carolina,” said Governor Josh Stein. “There is a lot of work to do, and the Renew NC Housing program is the next step in helping western North Carolinians recover. If your home was damaged by Hurricane Helene, you may be eligible for assistance depending on your income, so I encourage you to apply today.”
The Renew NC Single-Family Housing Program is a key initiative to address remaining long-term recovery needs of homeowners in western North Carolina and will prioritize low-to-moderate income (LMI) families. Later this year, two additional Renew NC Housing programs will be offered to address multi-family housing and workforce housing for ownership. Infrastructure and Economic Revitalization programs will also be launched in the coming months.
“We’re ready to get hammers swinging and home construction underway,” said North Carolina Department of Commerce Secretary Lee Lilley. “Today’s opening of the application period for our Renew NC Housing program is an important milestone for Hurricane Helene survivors and western North Carolina’s recovery.”
“We know the road to recovery from Hurricane Helene will be a long one,” said Division of Community Revitalization Deputy Secretary, and native western North Carolinian, Stephanie McGarrah. “We are moving with urgency and care to restore homes and rebuild communities through this program.”
The Renew NC programs are funded through a Community Development Block Grant Disaster Recovery (CDBG-DR) grant from the U.S. Department of Housing and Urban Development (HUD). Of the total $1.4 billion in CDBG-DR funding that was allocated to the state for western North Carolina recovery needs, $807 million is allocated to the Renew NC Single-Family Housing Program.
Governor Stein encourages all low to moderate income homeowners in eligible counties whose homes were damaged or destroyed by Hurricane Helene to see if they are eligible and apply for housing repair or reconstruction at www.renewnc.org.
Homeowners from these eligible counties can apply: Alexander, Alleghany, Ashe, Avery, Buncombe, Burke, Caldwell, Catawba, Clay, Cleveland, Gaston, Haywood, Henderson, Jackson, Lincoln, Macon, Madison, McDowell, Mecklenburg (only from zip code 28214), Mitchell, Polk, Rutherford, Surry, Swain, Transylvania, Watauga, Wilkes, Yadkin, and Yancey.
For homeowners seeking more information about the Renew NC Housing program, please visit www.renewnc.org or call 1-888-791-0207. Program staff can help determine if you qualify for assistance from the program.
Information about the administration of the Renew NC programs can be found at the Division of Community Revitalization’s website at CommerceRecovery.nc.gov.
LOS ANGELES, June 16, 2025 (GLOBE NEWSWIRE) — MEF, a global industry association of enterprises and network, cloud, security, and technology providers accelerating enterprise digital transformation, today announced a major enhancement to its Internet Access and Lifecycle Service Orchestration (LSO) API portfolio with the addition of Layer 2 over Broadband support, including a new MEF standard and payload. This production-ready capability builds on MEF’s proven LSO API framework with more than 165 leading service providers engaged in the adoption lifecycle, and enables the automated buying, selling, and management of wholesale internet broadband access at scale.
Layer 2 over Broadband joins MEF’s growing suite of standardized services aimed at streamlining inter-provider operations and accelerating adoption of Network-as-a-Service (NaaS) offerings. It supports a wide range of use cases, including Ethernet access (Access E-Line) over consumer internet broadband, triple play services, and business connectivity across multi-operator environments and is now available on the MEF LSO Marketplace.
MEF’s LSO APIs are proven and globally adopted, with implementations across services such as Carrier Ethernet and Internet Access, and growing support for additional payloads like SD-WAN and Layer 2 over Broadband. This expansion reflects MEF’s ongoing commitment to delivering practical, standards-based solutions that enable real-world interoperability.
“By adding Layer 2 over Broadband to our Internet Access services and LSO API portfolio, we’re not just introducing a new capability, we’re reinforcing a platform that is powering automated, carrier-grade services across the global ecosystem,” said Pascal Menezes, CTO, MEF. “As the industry increasingly embraces open, standards-based automation, MEF is leading the way through collaboration, real-world implementations, and trusted frameworks.”
Layer 2 over Broadband extends MEF’s comprehensive Internet Access Portfolio, which includes:
The portfolio also includes an extensive suite of LSO APIs now supporting Layer 2 over Broadband, enabling seamless automation across the full service lifecycle:
The new Layer 2 over Broadband capabilities will be introduced in MEF’s upcoming LSO Janis release, expanding support for consumer and business broadband-based services with carrier-grade performance.
MEF’s standardized LSO APIs reduce onboarding time from months to minutes, enabling a true on-demand experience. The new capabilities introduced in this release enable revenue-generating service opportunities across wholesale, retail, and multi-operator environments, while reducing integration overhead and accelerating time to market.
MEF is a global consortium of enterprise and service, cloud, cybersecurity, and technology providers collaborating to accelerate enterprise digital transformation. It delivers standards-based frameworks, services, technologies, APIs, and certification programs to enable Network-as-a-Service (NaaS) across an automated ecosystem. MEF is the defining authority for certified Lifecycle Service Orchestration (LSO) business and operational APIs and Carrier Ethernet, SASE, SD-WAN, Zero Trust, and Security Service Edge (SSE) technologies and services. MEF’s Global NaaS Event (GNE) convenes industry leaders building and delivering the next generation of NaaS solutions. For more information about MEF, visit MEF.net and follow us on LinkedIn and YouTube.
LOS ANGELES, June 16, 2025 (GLOBE NEWSWIRE) — MEF, a global industry association of enterprises and network, cloud, security, and technology providers accelerating enterprise digital transformation, today announced a major enhancement to its Internet Access and Lifecycle Service Orchestration (LSO) API portfolio with the addition of Layer 2 over Broadband support, including a new MEF standard and payload. This production-ready capability builds on MEF’s proven LSO API framework with more than 165 leading service providers engaged in the adoption lifecycle, and enables the automated buying, selling, and management of wholesale internet broadband access at scale.
Layer 2 over Broadband joins MEF’s growing suite of standardized services aimed at streamlining inter-provider operations and accelerating adoption of Network-as-a-Service (NaaS) offerings. It supports a wide range of use cases, including Ethernet access (Access E-Line) over consumer internet broadband, triple play services, and business connectivity across multi-operator environments and is now available on the MEF LSO Marketplace.
MEF’s LSO APIs are proven and globally adopted, with implementations across services such as Carrier Ethernet and Internet Access, and growing support for additional payloads like SD-WAN and Layer 2 over Broadband. This expansion reflects MEF’s ongoing commitment to delivering practical, standards-based solutions that enable real-world interoperability.
“By adding Layer 2 over Broadband to our Internet Access services and LSO API portfolio, we’re not just introducing a new capability, we’re reinforcing a platform that is powering automated, carrier-grade services across the global ecosystem,” said Pascal Menezes, CTO, MEF. “As the industry increasingly embraces open, standards-based automation, MEF is leading the way through collaboration, real-world implementations, and trusted frameworks.”
Layer 2 over Broadband extends MEF’s comprehensive Internet Access Portfolio, which includes:
The portfolio also includes an extensive suite of LSO APIs now supporting Layer 2 over Broadband, enabling seamless automation across the full service lifecycle:
The new Layer 2 over Broadband capabilities will be introduced in MEF’s upcoming LSO Janis release, expanding support for consumer and business broadband-based services with carrier-grade performance.
MEF’s standardized LSO APIs reduce onboarding time from months to minutes, enabling a true on-demand experience. The new capabilities introduced in this release enable revenue-generating service opportunities across wholesale, retail, and multi-operator environments, while reducing integration overhead and accelerating time to market.
MEF is a global consortium of enterprise and service, cloud, cybersecurity, and technology providers collaborating to accelerate enterprise digital transformation. It delivers standards-based frameworks, services, technologies, APIs, and certification programs to enable Network-as-a-Service (NaaS) across an automated ecosystem. MEF is the defining authority for certified Lifecycle Service Orchestration (LSO) business and operational APIs and Carrier Ethernet, SASE, SD-WAN, Zero Trust, and Security Service Edge (SSE) technologies and services. MEF’s Global NaaS Event (GNE) convenes industry leaders building and delivering the next generation of NaaS solutions. For more information about MEF, visit MEF.net and follow us on LinkedIn and YouTube.
Source: United Kingdom – Executive Government & Departments 3
Speech
Situation in the Middle East: E3 Statement at the IAEA Extraordinary Board, 16 June 2025
Joint statement by Ambassador Corinne Kitsell, UK Permanent Representative to the UN, on behalf of France, Germany and the UK (E3) at the International Atomic Energy Agency (IAEA) Extraordinary Board of Governors meeting on 16 June 2025.
Chair,
The E3 are concerned about the ongoing escalation of tensions in the Middle East, following Israeli strikes against targets in Iran and Iran’s response. The E3 reiterate their commitment to the region’s stability and call on all sides to abide by international law, show restraint and refrain from taking further steps which could lead to serious consequences such as potential radioactive release. Escalation is in the interest of no one in the region.
We reiterate our full support to the IAEA’s independent and impartial mandate and thank the DG for his recent update to the UNSC.
The E3 have repeatedly expressed their deep concern about Iran’s accelerating and expanding enrichment activities without any plausible civilian justification. The E3 are also worried by recent statements by high-ranking officials on Iran’s willingness to take new and special measures to protect nuclear materials and equipment that would not be declared to the IAEA. As a state party to the NPT and its nuclear safeguards regime, Iran is obliged to declare and put all nuclear material located in Iran under IAEA safeguards. Such statements are concerning and exacerbate the IAEA Comprehensive Report’s findings of Iran’s continued noncompliance with its safeguards agreement and that the IAEA is not in a capacity to verify that Iran’s nuclear program is exclusively peaceful.
Manipulative attempts to link this crisis with the resolution passed by the Board is an unjustified and irresponsible narrative politicising the IAEA and the safeguards system. The resolution this Board adopted last week was a necessary and long-overdue step to hold Iran into account for its failure to cooperate sufficiently with the Agency over the past six years. It was measured and gave Iran a final opportunity to resolve the outstanding safeguards issues. Iran’s full cooperation with the IAEA and full implementation of its safeguards agreement are a legal obligation and a necessary foundation for any enduring agreement.
The E3 have repeatedly expressed our commitment to a diplomatic solution to Iran’s nuclear programme and the security of the state of Israel. We have supported recent US diplomatic efforts to reach a diplomatic agreement. We regret Iran’s decision not to participate in talks scheduled this Sunday in Oman. We will spare no efforts to contribute to a negotiated solution, in coordination with the United States.
LONDON, June 16, 2025 (GLOBE NEWSWIRE) — via IBN – Roth Capital Partners, LLC (“ROTH”), www.roth.com, will host the 15th Annual Roth London Conference on June 24-26, 2025, at the Four Seasons Hotel London at Park Lane in London, UK.
This event offers institutional investors an exclusive opportunity to engage directly with C-suite leaders and senior executives from approximately 80 companies with a strong focus on the Sustainability and Technology sectors. Designed to foster meaningful dialogue, the conference facilitates 1-on-1 and small group meetings in an intimate setting allowing investors to evaluate various businesses, assess market trends, and identify compelling investment opportunities.
Throughout the event, ROTH’s team of Senior Research Analysts will be on hand to offer expert insights and facilitate introductions. Participating analysts include:
On June 25th, during the lunch session, Michael Darda, ROTH’s Chief Economist and Macro Strategist, will lead a discussion on Markets and Economics, covering key topics such as the US business cycle, inflation, interest rates, and asset allocation strategies across equities and fixed income.
This will be followed by the Keynote Presentation by Dan Shugar, CEO and Founder of Nextracker, Inc. (NXT), exploring the technological, policy, and cost dynamics driving PV adoption. The session will be moderated by Philip Shen.
Later that day, Suji DeSilva, CFA, will moderate a fireside chat with Alan Baratz, CEO of D-Wave Quantum Inc. (QBTS). The discussion will focus on D-Wave’s approach to quantum computing, its unique technology platform, and the growing market opportunities as AI compute accelerates industry demand.
On June 26th, Suji DeSilva, CFA, will return to moderate a fireside chat with Waseem Shiraz, SVP of Strategic Initiatives & Chief of Staff at Quantinuum (PRIVATE). The conversation will cover Quantinuum’s advancements in quantum computing, the competitive landscape, and the anticipated impact of quantum technologies on AI and enterprise applications.
Following will be JC O’Hara, CAIA, CMT, ROTH’s Chief Technical Strategist, presenting insights on portfolio allocation in a globally connected yet increasingly fragmented world.
“We look forward to hosting the 15th edition of our flagship London conference,” said Byron Roth, Executive Chairman of ROTH. “This event creates a unique environment for our corporate clients to engage directly with international financial professionals on a personal level.”
Sagar Sheth, CEO of ROTH, added, “Given the current macroeconomic headwinds and geopolitical tensions, this year’s conference is especially timely. We’re proud to present nearly 80 innovative spanning sustainability, technology, media, and the consumer sector, each addressing some of today’s most critical global challenges.”
TUESDAY | June 24, 2025 –All Times are listed in British Summer Time (BST) 4:00pm – 6:00pm – Pre-Conference Registration 6:00pm – 10:00pm – ROTH Summer Social
WEDNESDAY | June 25, 2025 8:00am – 9:00am – Registration and Morning Coffee 9:00am – 12:00pm – 1-on-1 / Small Group Meetings 12:00pm – 1:30pm – Lunch
The conference is intended for qualified investors, companies, service providers, and members of the media/press related to ROTH.
About ROTH: ROTH is a relationship-driven investment bank focused on serving growth companies and their investors. Our full-service platform provides capital raising, high impact equity research, macroeconomics, sales and trading, technical insights, derivatives strategies, M&A advisory, and corporate access. Headquartered in Newport Beach, California, ROTH is a privately held, employee-owned organization and maintains offices throughout the U.S. For more information on Roth, please visit www.roth.com.
Israel’s conflict with Iran represents far more than another Middle Eastern crisis – it marks the emergence of a dangerous new chapter in nuclear rivalries that has the potential to reshape global proliferation risks for decades to come.
What began with Israeli strikes on Iranian nuclear facilities and other targets on June 13, 2025 has now spiraled into the world’s first full-scale example of what I as an expert in nuclear security call a “threshold war” – a new and terrifying form of conflict where a nuclear weapons power seeks to use force to prevent an enemy on the verge of nuclearization from making that jump. As missiles continue to rain down on both Tehran and Tel Aviv – with hundreds dead in Iran and at least 24 killed in Israel – the international community is witnessing the collapse of traditional deterrence frameworks in real time.
Unlike traditional nuclear rivalries where both sides possess declared arsenals – like India and Pakistan, who despite their tensions operate under mutual deterrence – this new threshold dynamic creates an inherently unstable escalation spiral. Iran increasingly believes it cannot deter Israeli aggression without nuclear weapons, yet every step toward acquiring them invites more aggressive Israeli strikes. Israel, for its part, cannot permanently eliminate Iran’s nuclear knowledge through military means – it can only delay it through means that would seemingly guarantee future Iranian determination to acquire the ultimate deterrent.
Under this dynamic, neither side can step back without accepting an intolerable outcome: for Israel, an Iran more determined than even in becoming a nuclear weapons nation capable of deterring Israeli action and ending its regional military dominance; for Iran, the risk of regime change through devastating Israeli strikes. The consequences of this deadly logic extend far beyond the Middle East.
Flames rise from an oil storage facility after it appeared to have been hit by an Israeli strike in Tehran, Iran, on June 15, 2025. AP Photo/Vahid Salemi
The preventive strike precedent
The stakes could not be higher, as Iranian officials have called the attack “a declaration of war” and vowed that destroyed nuclear facilities “would be rebuilt.” Israel, meanwhile has warned its campaign will continue “for as many days as it takes.”
Most ominously, the scheduled nuclear talks between the U.S. and Iran were called off, with Tehran dismissing any such dialogue as “meaningless.” This may suggest diplomacy’s window – which opened for just a few months under Trump’s second administration, after being closed during his first – was deliberately slammed shut.
More broadly, the Israeli strikes mark a dangerous evolution in international norms around preventive warfare. While Israeli officials called this a “preemptive strike,” the legal and strategic reality is different. Preemptive strikes respond to imminent threats – like Israel’s 1967 Six-Day War against Arab armies preparing to attack. Preventive strikes, by contrast, target distant future threats when conditions seem favorable – like Japan’s attack on Pearl Harbor in 1941.
Israel justified its action by claiming Iran could rapidly assemble up to 15 nuclear bombs. Yet, as the International Atomic Energy Agency director, Rafael Grossi, warned beforehand, an Israeli strike could solidify rather than deter Iran’s nuclear ambitions, potentially prompting withdrawal from the Nuclear Non-Proliferation Treaty. True to that warning, on June 16, Iran announced it was preparing a parliamentary bill that would see the country leave the 1968 treaty.
Israel’s calculations in opting to strike build on the same erosion of international legal frameworks that has legitimized preemptive warfare since the United States’ military action in Afghanistan and Iraq after the Sept. 11, 2001 attack. America’s “war on terror” fundamentally challenged sovereignty norms through practices like drone strikes and preemptive attacks. More recently, operations in Gaza and elsewhere have demonstrated that violations of international humanitarian law carry limited consequences in practice. For Israel, this permissive environment has seemingly created both opportunity and justification regarding striking Iran – something that Prime Minister Benjamin Netanyahu has been pursuing for decades.
Already, Russia’s attacks on Ukraine’s Zaporizhzhia nuclear plant demonstrated nuclear facilities’ vulnerability in modern warfare. I believe Israel’s actions further risk normalizing attacks on nuclear infrastructure, potentially legitimizing similar preventive actions by India, China or the U.S. against emerging nuclear programs elsewhere.
From strikes to regional conflagration
Israel’s initial strike quickly triggered inevitable escalation. Iran’s retaliation came in waves: first hundreds of drones and missiles on June 13, then sustained barrages throughout the following days. By the morning of June 15, both countries were trading strikes on energy infrastructure, military bases and civilian areas, with no immediate end in sight.
The Houthis in Yemen have since joined the fight, by launching ballistic missiles at Tel Aviv. Notably absent are Hezbollah, Hamas and Iran’s Iraqi militias – all significantly damaged by recent action by Israel. This degradation of Iran’s “axis of resistance” – its traditional forward deterrent – fundamentally alters Tehran’s strategic calculations. Without strong proxies to threaten retaliation, Iran is more exposed to Israeli strikes, making nuclear weapons seem like the only reliable deterrent against future attacks.
The escalation pattern illustrates what can happen when when a government casts aggression as prevention. Having initiated the recent escalation of hostilities, Israel now faces the consequences. Iranian President Masoud Pezeshkian’s vow that destroyed facilities “would be rebuilt” underscores that Israeli action designed to prevent nuclearization may instead result in Iran pursuing it with renewed determination.
The commitment trap
This creates what strategists call the “commitment trap” – a dynamic where both sides face escalating costs but cannot back down. Israel faces its own strategic dilemma. The strikes may ultimately accelerate rather than prevent Iranian nuclearization, yet backing down would mean accepting a nuclear Iran. Netanyahu’s promise that current strikes are “nothing compared to what they will feel in coming days” shows how quickly strikes sold as preventative escalate toward total war.
Unlike established nuclear powers that can negotiate from positions of strength, threshold states, such as Iran, face a stark choice: remain vulnerable to preventive strikes and regime change or race toward the protection that nuclear deterrence provides.
North Korea offers the clearest example of this dynamic. Despite decades of sanctions and military threats, Pyongyang’s nuclear program has made it essentially immune to preventive strikes. Iranian leaders understand this lesson well – the question is whether they can reach the same protected status before suffering decisive preventive action.
Traditional nuclear deterrence theory assumes rational actors operating under mutual vulnerability. But threshold wars break these assumptions in fundamental ways. Iran cannot fully deter Israeli action because it lacks confirmed weapons, while Israel cannot rely on deterrence to prevent Iranian weaponization because Iran’s nuclear program continues advancing.
This creates “use it or lose it” dynamics: Israel faces shrinking windows to act preventively as Iran approaches weaponization; Iran faces incentives to accelerate its program before suffering additional strikes.
The absence of effective external mediation compounds these risks. U.S. President Donald Trump’s response to the strikes reveals this dynamic starkly. Initially opposing military action and preferring diplomacy to “bombing the hell out of” Iran, Trump pivoted dramatically after the strikes began, and warned that “there’s more to come. A lot more.”
The international response reveals how thoroughly Israel’s Operation Rising Lion has normalized aggression against nuclear facilities. While European leaders called for “maximum restraint,” none condemned Israel’s initial attacks. Russia and China condemned the attacks but took no concrete action. The U.N. Security Council produced only statements of “concern” about “escalation.”
This normalization sets what I believe to be a catastrophic precedent. The threshold war model threatens to unravel decades of nuclear governance based on deterrence rather than preemption.
Indeed, the Iran-Israel threshold war sets dangerous precedents for other regional nuclear competitions. Successful preventive strikes could incentivize similar actions elsewhere, eroding diplomatic nonproliferation efforts. Conversely, rapid nuclearization by Iran could encourage other threshold states, like Saudi Arabia, to pursue nuclear capabilities swiftly and secretly.
When preventive strikes become the enforcement mechanism for nonproliferation norms, the entire architecture of nuclear governance begins to crumble. Without these frameworks, the world faces an unstable future defined by cycles of preventive strikes and accelerated nuclear proliferation – far more dangerous than the Cold War-era standoffs that shaped nuclear governance.
Farah N. Jan does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
Israel’s conflict with Iran represents far more than another Middle Eastern crisis – it marks the emergence of a dangerous new chapter in nuclear rivalries that has the potential to reshape global proliferation risks for decades to come.
What began with Israeli strikes on Iranian nuclear facilities and other targets on June 13, 2025 has now spiraled into the world’s first full-scale example of what I as an expert in nuclear security call a “threshold war” – a new and terrifying form of conflict where a nuclear weapons power seeks to use force to prevent an enemy on the verge of nuclearization from making that jump. As missiles continue to rain down on both Tehran and Tel Aviv – with hundreds dead in Iran and at least 24 killed in Israel – the international community is witnessing the collapse of traditional deterrence frameworks in real time.
Unlike traditional nuclear rivalries where both sides possess declared arsenals – like India and Pakistan, who despite their tensions operate under mutual deterrence – this new threshold dynamic creates an inherently unstable escalation spiral. Iran increasingly believes it cannot deter Israeli aggression without nuclear weapons, yet every step toward acquiring them invites more aggressive Israeli strikes. Israel, for its part, cannot permanently eliminate Iran’s nuclear knowledge through military means – it can only delay it through means that would seemingly guarantee future Iranian determination to acquire the ultimate deterrent.
Under this dynamic, neither side can step back without accepting an intolerable outcome: for Israel, an Iran more determined than even in becoming a nuclear weapons nation capable of deterring Israeli action and ending its regional military dominance; for Iran, the risk of regime change through devastating Israeli strikes. The consequences of this deadly logic extend far beyond the Middle East.
Flames rise from an oil storage facility after it appeared to have been hit by an Israeli strike in Tehran, Iran, on June 15, 2025. AP Photo/Vahid Salemi
The preventive strike precedent
The stakes could not be higher, as Iranian officials have called the attack “a declaration of war” and vowed that destroyed nuclear facilities “would be rebuilt.” Israel, meanwhile has warned its campaign will continue “for as many days as it takes.”
Most ominously, the scheduled nuclear talks between the U.S. and Iran were called off, with Tehran dismissing any such dialogue as “meaningless.” This may suggest diplomacy’s window – which opened for just a few months under Trump’s second administration, after being closed during his first – was deliberately slammed shut.
More broadly, the Israeli strikes mark a dangerous evolution in international norms around preventive warfare. While Israeli officials called this a “preemptive strike,” the legal and strategic reality is different. Preemptive strikes respond to imminent threats – like Israel’s 1967 Six-Day War against Arab armies preparing to attack. Preventive strikes, by contrast, target distant future threats when conditions seem favorable – like Japan’s attack on Pearl Harbor in 1941.
Israel justified its action by claiming Iran could rapidly assemble up to 15 nuclear bombs. Yet, as the International Atomic Energy Agency director, Rafael Grossi, warned beforehand, an Israeli strike could solidify rather than deter Iran’s nuclear ambitions, potentially prompting withdrawal from the Nuclear Non-Proliferation Treaty. True to that warning, on June 16, Iran announced it was preparing a parliamentary bill that would see the country leave the 1968 treaty.
Israel’s calculations in opting to strike build on the same erosion of international legal frameworks that has legitimized preemptive warfare since the United States’ military action in Afghanistan and Iraq after the Sept. 11, 2001 attack. America’s “war on terror” fundamentally challenged sovereignty norms through practices like drone strikes and preemptive attacks. More recently, operations in Gaza and elsewhere have demonstrated that violations of international humanitarian law carry limited consequences in practice. For Israel, this permissive environment has seemingly created both opportunity and justification regarding striking Iran – something that Prime Minister Benjamin Netanyahu has been pursuing for decades.
Already, Russia’s attacks on Ukraine’s Zaporizhzhia nuclear plant demonstrated nuclear facilities’ vulnerability in modern warfare. I believe Israel’s actions further risk normalizing attacks on nuclear infrastructure, potentially legitimizing similar preventive actions by India, China or the U.S. against emerging nuclear programs elsewhere.
From strikes to regional conflagration
Israel’s initial strike quickly triggered inevitable escalation. Iran’s retaliation came in waves: first hundreds of drones and missiles on June 13, then sustained barrages throughout the following days. By the morning of June 15, both countries were trading strikes on energy infrastructure, military bases and civilian areas, with no immediate end in sight.
The Houthis in Yemen have since joined the fight, by launching ballistic missiles at Tel Aviv. Notably absent are Hezbollah, Hamas and Iran’s Iraqi militias – all significantly damaged by recent action by Israel. This degradation of Iran’s “axis of resistance” – its traditional forward deterrent – fundamentally alters Tehran’s strategic calculations. Without strong proxies to threaten retaliation, Iran is more exposed to Israeli strikes, making nuclear weapons seem like the only reliable deterrent against future attacks.
The escalation pattern illustrates what can happen when when a government casts aggression as prevention. Having initiated the recent escalation of hostilities, Israel now faces the consequences. Iranian President Masoud Pezeshkian’s vow that destroyed facilities “would be rebuilt” underscores that Israeli action designed to prevent nuclearization may instead result in Iran pursuing it with renewed determination.
The commitment trap
This creates what strategists call the “commitment trap” – a dynamic where both sides face escalating costs but cannot back down. Israel faces its own strategic dilemma. The strikes may ultimately accelerate rather than prevent Iranian nuclearization, yet backing down would mean accepting a nuclear Iran. Netanyahu’s promise that current strikes are “nothing compared to what they will feel in coming days” shows how quickly strikes sold as preventative escalate toward total war.
Unlike established nuclear powers that can negotiate from positions of strength, threshold states, such as Iran, face a stark choice: remain vulnerable to preventive strikes and regime change or race toward the protection that nuclear deterrence provides.
North Korea offers the clearest example of this dynamic. Despite decades of sanctions and military threats, Pyongyang’s nuclear program has made it essentially immune to preventive strikes. Iranian leaders understand this lesson well – the question is whether they can reach the same protected status before suffering decisive preventive action.
Traditional nuclear deterrence theory assumes rational actors operating under mutual vulnerability. But threshold wars break these assumptions in fundamental ways. Iran cannot fully deter Israeli action because it lacks confirmed weapons, while Israel cannot rely on deterrence to prevent Iranian weaponization because Iran’s nuclear program continues advancing.
This creates “use it or lose it” dynamics: Israel faces shrinking windows to act preventively as Iran approaches weaponization; Iran faces incentives to accelerate its program before suffering additional strikes.
The absence of effective external mediation compounds these risks. U.S. President Donald Trump’s response to the strikes reveals this dynamic starkly. Initially opposing military action and preferring diplomacy to “bombing the hell out of” Iran, Trump pivoted dramatically after the strikes began, and warned that “there’s more to come. A lot more.”
The international response reveals how thoroughly Israel’s Operation Rising Lion has normalized aggression against nuclear facilities. While European leaders called for “maximum restraint,” none condemned Israel’s initial attacks. Russia and China condemned the attacks but took no concrete action. The U.N. Security Council produced only statements of “concern” about “escalation.”
This normalization sets what I believe to be a catastrophic precedent. The threshold war model threatens to unravel decades of nuclear governance based on deterrence rather than preemption.
Indeed, the Iran-Israel threshold war sets dangerous precedents for other regional nuclear competitions. Successful preventive strikes could incentivize similar actions elsewhere, eroding diplomatic nonproliferation efforts. Conversely, rapid nuclearization by Iran could encourage other threshold states, like Saudi Arabia, to pursue nuclear capabilities swiftly and secretly.
When preventive strikes become the enforcement mechanism for nonproliferation norms, the entire architecture of nuclear governance begins to crumble. Without these frameworks, the world faces an unstable future defined by cycles of preventive strikes and accelerated nuclear proliferation – far more dangerous than the Cold War-era standoffs that shaped nuclear governance.
Farah N. Jan does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
Source: The Conversation – USA – By Elizabeth Wolfson, Assistant Director of Campus Partnerships for the Office of Public Scholarship, Washington University in St. Louis
Edward Gorey on the set he designed for the Broadway revival of Bram Stoker’s ‘Dracula’ in 1977. Jack Mitchell/Getty Images
The book reproduces, in stunning detail, a series of 50 elaborately illustrated envelopes Gorey created in the mid-1970s. But when I started reading “From Ted to Tom,” I felt confused – and a little let down.
The book makes no mention of Gorey’s queerness. To me, this is a missed opportunity to shed light on how being gay may have fueled some of his most personal work.
The master of macabre
Today, Edward Gorey is widely known for his sprawling, macabre-yet-humorous body of work, which spans nearly every medium.
His stories often feature adults and children alike who meet untimely ends through mostly hilarious, unlikely accidents – and, yes, the occasional straight-up murder. But they’re never gratuitous, nor do they glorify violence for violence’s sake.
As for his personal life, Gorey may have been what today we’d call asexual; Gorey himself used the term “undersexed,” but he also acknowledged, when asked directly about his sexuality, that he “supposed” he was gay.
Mark Dery’s 2018 Gorey biography, “Born to be Posthumous: The Eccentric Life and Mysterious Genius of Edward Gorey,” documents the artist’s participation in postwar gay life. The book details a handful of crushes Gorey had on various men, at least one of which – a brief affair with a man named Victor – involved some physical intimacy.
To whatever extent Gorey entertained sex or romance, it was with men. As Dery points out, however, this fact largely goes unaddressed in discussions of the artist’s work.
A chance encounter
“From Ted to Tom” reinforces this silence.
The “Tom” is Tom Fitzharris, the author of the book’s introduction and some commentary at the book’s end.
In the introduction, Fitzharris explains that before he met Gorey, he was already collecting the artist’s “small, exquisite books.”
After attending a gallery exhibit of Gorey’s work in 1974, Fitzharris mailed him one of the books from his collection to request Gorey’s signature, along with a cryptic inquiry about two of the book’s characters. Gorey obliged and returned the book with a similarly cryptic reply.
Soon after this exchange, Fitzharris spotted Gorey on the street and introduced himself. The two soon began meeting regularly “for dinner, the theater, coffee, and especially the ballet, his great passion,” one that Fitzharris shared. When Gorey left to summer on Cape Cod, he began sending Fitzharris the envelopes collected in “From Ted to Tom.”
Fitzharris shares almost no information about himself in the book, and he has never commented publicly about his own sexuality. However, even his dry, minimalist narration cannot conceal the intensity of their connection.
Describing his first visit to Gorey’s apartment, he writes: “I thought I’d be at Gorey’s for ten minutes, but I left two hours later.” Whether Fitzharris lost track of time as the two explored their “dozens of shared interests” or simply couldn’t tear himself away, when he finally made it back to work, he was surprised that he still had a job.
The envelope as canvas
Given this voracious drive to create, it is no surprise that Gorey saw an object as humble as a letter envelope as a creative opportunity. As Dery points out, Gorey was also making his illustrated envelopes as the mail art movement was becoming popular. Sparked by artist Ray Johnson in the 1960s – who, like Gorey, lived in New York City – it involved artists using the postal service to exchange works of art, using it as an alternative to the commercial galleries and museums that artists had largely depended on.
The 50 envelopes reproduced in “From Ted to Tom” was not Gorey’s first dalliance with the envelope as canvas; he’d experimented with it six years earlier, while in the midst of a collaboration with author and editor Peter Neumeyer, with whom he produced three children’s books.
In his drawings to Neumeyer, Gorey mostly seems to be having fun playing around with a new formal challenge: how to integrate drawings with the prerequisite address text in a satisfying way.
The Fitzharris series is poised and polished from the jump. Gorey’s distinctive hand-lettering is crisp, precise and perfectly straight, each envelope a complete scene. Some scenes are more complex than others, but each is a complete thought.
There’s another notable difference between the Neumeyer and Fitzharris envelopes. While the former features a revolving cast of real and imaginary creatures, the latter has two co-stars: two black-and-white dogs, sides emblazoned with matching, serifed T’s.
In his introduction to the book, Fitzharris confirms that the animals represent Gorey and him. Fitzharris is also clearly more than the lucky witness to a burst of creative genius. He is its muse.
‘Pen pal’ or something more?
Whatever Gorey’s artistic ambitions for the project, it is also a visual diary of sorts: an album of their shared experiences, their common interests and hobbies, and a document of Gorey’s goings-on while they were apart.
Take, for example, an envelope that depicts the canine duo standing amid a vast assemblage of blue bottles, with Fitzharris’ address displayed as labels.
“All the blue bottles are a recollection of a window full of them in one of the antique shops I stopped in after you left that Sunday,” Gorey wrote in the accompanying letter. “The sun coming through them is not reproducible, at least by me.”
In the same letter, Gorey struggles to convey the depth of his feeling upon receiving a recent letter from Fitzharris.
“I used to maintain that if it couldn’t be put into words it didn’t exist; if anything I believe rather the opposite now. All of which is rather a strangled attempt to say that I appreciated your letter of the 23rd very much, but that I don’t know how to say so directly. Yes.”
What did Fitzharris’ letter say that moved Gorey so much? What is the meaning of his singular, elliptical “yes”? Is it simply stylistic? Or is it a response?
We’ll likely never know. But evidently whatever Fitzharris said moved him deeply.
There are other poignant scenes. In his notes to “From Ted to Tom,” Fitzharris takes credit for introducing Gorey to the French phrase “heure bleue,” which translates to “the blue hour” and refers to the time of day just after the sun sets. Gorey’s delight is reflected in a lovely scene of quiet companionship.
Tom and Ted stand at a low fence or porch railing, sharing drinks and gazing up at a darkening sky as dusk settles over thick foliage. For once leaving nothing to the imagination, he inscribes “HEURE BLEUE” next to the image in thick, bold letters – a rare act of captioning.
This unusual relative directness continues into the accompanying letter. Though he can hardly bear admitting it, Gorey describes their recent visit as “a happy day,” immediately qualifying the comment as a “revolting phrase.”
One “cannot help but think how seldom in life one knows one is having one at the time,” he continues. The phrasing is somewhat innocuous. But I wonder how much pleasure Gorey must have felt – and how strong his need to convey it must have been – to overcome the force of his “revulsion.”
This push and pull between attraction to one another and repulsion at one’s own spontaneous emotion supplies the dynamism that make the drawings in “From Ted to Tom” so compelling.
Despite this powerful current, Fitzharris, who is credited as the book’s editor, leaves the topic of Gorey’s sexuality untouched in both his introduction to the book and its end notes, where he provides a guide to some of the personal and cultural references in Gorey’s drawings and letters. The book’s back cover refers to Fitzharris as the artist’s “pen pal.”
Denied access to the underlying details driving this dynamism, the reader loses the chance to reflect on the source of this electrical current, its impact on his art, and how Gorey’s struggles with intimacy and desire, which are all too universal, were also undoubtedly shaped by the challenge of being gay in a deeply homophobic society.
Rather than limiting the understanding of his work, accounting for Gorey’s queerness invites viewers of his art and readers of his work into deeper communion with the artist – and themselves.
Elizabeth Wolfson does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
Source: Africa Press Organisation – English (2) – Report:
The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a €19.6 million financing package to support the Cabeólica Phase II Expansion Project in Cabo Verde.
The project is the country’s first renewable energy initiative to integrate wind power generation and battery energy storage systems (BESS) at scale.
The financing includes a loan of approximately €12.6 million from the African Development Bank, and €7 million in concessional loan financing from the Bank Group-managed Sustainable Energy Fund for Africa (SEFA).
Building on the success of the original Cabeólica power project commissioned in 2012, Phase II will add 13.5 megawatts of wind generation capacity and 26 megawatt-hours of grid-connected battery energy storage. The expansion is expected to generate over 60 gigawatt-hours of clean energy annually, eliminating expensive thermal generation and reducing carbon dioxide emissions by an estimated 50,000 tonnes annually.
“This project is a testament to Cabo Verde’s long-term vision to decarbonize its power sector and enhance its resilience. It also demonstrates how private sector investment, facilitated by catalytic concessional financing, can deliver cost-effective, sustainable energy solutions for small island economies,” said Wale Shonibare, Director for Energy Financial Solutions, Policy and Regulations at the African Development Bank.
Daniel Schroth, the Bank Group’s director for Renewable Energy and Efficiency said: “SEFA’s support for the integration of battery storage into Cabo Verde’s power system enhances power security and grid reliability while reducing generation costs in Cabo Verde.” He noted that the project highlights the added value of the right mix of financing and technology to strengthen long-term power sector sustainability.
Ayotunde Anjorin, Chairman of Cabeólica and Senior Director and CFO at Africa Finance Corporation, said: “As the first renewable energy commercial scale PPP in sub-Saharan Africa, Cabeólica is again proud to lead this transformative expansion project comprising additional wind capacity and battery energy storage. This project underscores Cabeólica’s deep commitment to delivering reliable, clean energy infrastructure in line with national goals and priorities and continues to set a replicable model for the region.”
Cabeólica Phase II entails five installations across four islands: a wind expansion on Santiago and BESS deployments on Santiago, Sal, Boa Vista, and São Vicente. Battery storage will support ancillary grid services such as frequency response and voltage regulation, enabling more efficient use of intermittent wind power and reducing curtailment. With Cabo Verde’s electricity system still heavily reliant on imported fossil fuels, these upgrades are expected to reduce system costs and enhance energy security.
Owned by Africa Finance Corporation, A.P. Moller Capital, and Cabo Verdean public entities, Cabeólica S.A. is the country’s first independent power producer (IPP). Phase II of the project will be underpinned by a 20-year power purchase and storage services agreement with the national utility Electra S.A., at tariffs significantly lower than the national average generation cost.
The project advances Cabo Verde’s goal of generating 50% of its electricity from renewables by 2030 as well as its Nationally Determined Contribution under the Paris Agreement.
It aligns with the African Development Bank’s ‘Light Up and Power Africa’ High-5 priority, its Ten-Year Strategy, and SEFA’s Green Baseload pillar.
– on behalf of African Development Bank Group (AfDB).
Media Contact: Olufemi Terry Communication and External Relations Department media@afdb.org
About the African Development Bank Group: The African Development Bank Group is Africa’s premier development finance institution. It comprises three distinct entities: the African Development Bank (AfDB), the African Development Fund (ADF) and the Nigeria Trust Fund (NTF). On the ground in 41 African countries with an external office in Japan, the Bank contributes to the economic development and the social progress of its 54 regional member states. For more information: www.AfDB.org
Source: United Kingdom – Executive Government & Departments
Press release
Export bar placed on £8 million Rubens work
A temporary export bar has been placed on an oil sketch, titled Cimon Falling in love with Efigenia, by Flemish artist Peter Paul Rubens
The work has been valued at £8.4 million
The export bar will allow time for a UK gallery or institution to acquire the oil sketch for the nation
An export bar has been placed on an oil sketch by Flemish artist, Peter Paul Rubens, which is at risk of leaving the UK.
Rubens was an exceptionally successful painter and is considered the most influential artist of the Flemish Baroque tradition. Rubens was born in Siegen, Germany in 1577 and is mostly known for his vibrant style emphasising movement, colour, and sensuality. Some of his most famous paintings include The Elevation of the Cross and Judgement of Paris.
Cimon Falling in love with Efigenia is a remarkable example of one of Rubens’ authentic oil sketches created entirely by his own hand.
Oil sketches by Rubens have been eagerly collected in the UK and there is a strong British connection to this piece, as George Villiers, the first Duke of Buckingham (1592–1628), was an admirer of his artistic talent and displayed works by Rubens in his home at York House. This included the finished painting of Cimon and Efigenia for which the current oil sketch is a preparatory work.
The sketch is a marvellous encapsulation of Rubens’ working methods at a relatively early stage in his career. It would enhance the representation of such works in the UK if saved for the nation by a cultural institution.
Arts Minister Sir Chris Bryant said:
This work is the perfect example of Rubens’ artistic talent and gives us greater insight into Flemish art during the 17th century.
I hope that a UK gallery is able to save it so that the public can enjoy it for generations to come.
Mark Hallett, Committee Member said:
This is a picture that gives us the opportunity to appreciate a great artist’s creative process in full flow. Produced on panel as the primary sketch for a monumental oil painting that now hangs in the Kunsthistorisches Museum in Vienna, Cimon falling in Love with Efigenia is entirely the product of Rubens’s own hand, rather than one that – as is the case with the final picture – contains the contributions of his studio assistants. In the sketch, we see Rubens exploring the artistic possibilities of an ethically and erotically charged scene from early Renaissance literature, and experimenting with the established pictorial conventions of the female nude. The longer one looks at and thinks about this picture, the more complex and challenging it becomes: the mark of all truly significant works of art. For these reasons, Cimon falling in Love with Efigenia demands to be found a permanent home in the UK, where it can be enjoyed and reflected upon for decades to come.
The RCEWA made its recommendation on the basis that the painting met the second and third Waverley criteria for its outstanding aesthetic importance and its outstanding significance to the study of Rubens’ preparatory studies and sketches and their influence, as well as the treatment of the female nude in art.
The decision on the export licence application for the painting will be deferred for a period ending on 15 September 2025 inclusive. At the end of the first deferral period owners will have a consideration period of 15 Business Days to consider any offer(s) to purchase the painting at the recommended price of £8,440,000. The second deferral period will commence following the signing of an Option Agreement and will last for six months.
Notes to editors:
Organisations or individuals interested in purchasing the painting should contact the RCEWA on 02072680534 or rcewa@artscouncil.org.uk.
Details of the painting are as follows: Peter Paul Rubens (1577–1640) Cimon Falling in love with Efigenia, c. 1616–17. Oil on panel, 29.8 x 43.5 cm. The painting is on a narrow wooden panel with vertical grain. The painting is in generally good condition.
Provenance: Probably the painter and dealer Jeremias Wildens (1621-53), son of Jan Wildens (1586 – 1653) who collaborated with Rubens on the Vienna picture in which he painted the landscape; His estate: inventory drawn up 30 January 1653 and 11 January 1654, no. 528 ‘Eenen Thimon met Naeckte vrouwkens van Rubbens’ (A Thimon [Cimon] with naked women by Rubens); Philippe Panné, Esq., Great George Street, Hanover Square, London (d. 1819); His sale: Christie’s, London, A catalogue of the very capital, valuable and highly important collection of Italian, French, Flemish and Dutch pictures, of the late Ph. Panné, Esq. of Great George Street, Hanover Square, deceased, 27 March 1819 (including 350 lots), lot 17, as ‘Rubens, Cymon and Iphigenia. panel, 12’ x 17’ [sic.] (sold 26-5 pounds); William Noel-Hill, 3rd Baron Berwick (1773-1842); His sale: Christie’s, London, 1 December 1827, lot 73, as ‘Rubens’ School, Cymon and Iphiginia’ (“17 guineas”, “”bought in”); Sir Matthew Wilson,1st Baronet of Eshton Hall (1802-1891), Gargrave, 1877; Private Collection, U.K. by 1886; Private collection, purchase, 2024
The Reviewing Committee on the Export of Works of Art and Objects of Cultural Interest is an independent body, serviced by Arts Council England (ACE), which advises the Secretary of State for Culture, Media and Sport on whether a cultural object, intended for export, is of national importance under specified criteria.
Data source: U.S. Energy Information Administration analysis based on Vortexa tanker tracking Note: 1Q25=first quarter of 2025
The Strait of Hormuz, located between Oman and Iran, connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. The strait is deep enough and wide enough to handle the world’s largest crude oil tankers, and it is one of the world’s most important oil chokepoints. Large volumes of oil flow through the strait, and very few alternative options exist to move oil out of the strait if it is closed. In 2024, oil flow through the strait averaged 20 million barrels per day (b/d), or the equivalent of about 20% of global petroleum liquids consumption. In the first quarter of 2025, total oil flows through the Strait of Hormuz remained relatively flat compared with 2024.
Although we have not seen maritime traffic through the Strait of Hormuz blocked following recent tensions in the region, the price of Brent crude oil (a global benchmark) increased from $69 per barrel (b) on June 12 to $74/b on June 13. This piece highlights the importance of the strait to global oil supplies.
Chokepoints are narrow channels along widely used global sea routes that are critical to global energy security. The inability of oil to transit a major chokepoint, even temporarily, can create substantial supply delays and raise shipping costs, potentially increasing world energy prices. Although most chokepoints can be circumvented by using other routes—often adding significantly to transit time—some chokepoints have no practical alternatives. Most volumes that transit the strait have no alternative means of exiting the region, although there are some pipeline alternatives that can avoid the Strait of Hormuz.
Between 2022 and 2024, volumes of crude oil and condensate transiting the Strait of Hormuz declined by 1.6 million b/d, which were only partially offset by a 0.5-million b/d increase in petroleum product cargoes. The decline in oil transit through the strait partially reflects the OPEC+ decision to voluntarily cut crude oil production several times starting in November 2022, which lowered exports from Saudi Arabia, Kuwait, and the United Arab Emirates (UAE). In addition, disruptions in 2024 to oil flows around the Bab al-Mandeb Strait, which connects the Arabian Sea to the Red Sea, led Saudi Arabia’s national oil company Aramco to shift seaborne crude oil flows from the Strait of Hormuz, instead sending it over land through its East-West pipeline to ports on the Red Sea. Also, more refining capacity in the Persian Gulf states increased regional demand for crude oil and shifted some flows to local markets within the Persian Gulf.
Flows through the Strait of Hormuz in 2024 and the first quarter of 2025 made up more than one-quarter of total global seaborne oil trade and about one-fifth of global oil and petroleum product consumption. In addition, around one-fifth of global liquefied natural gas trade also transited the Strait of Hormuz in 2024, primarily from Qatar.
Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, June 2025, and U.S. Energy Information Administration analysis based on Vortexa tanker tracking Note: World maritime oil trade excludes intra-country volumes except those volumes that transit the Strait of Hormuz. LNG=liquefied natural gas. 1Q25=first quarter of 2025
Based on tanker tracking data published by Vortexa, Saudi Arabia moves more crude oil and condensate through the Strait of Hormuz than any other country. In 2024, exports of crude and condensate from Saudi Arabia accounted for 38% of total Hormuz crude flows (5.5 million b/d).
Alternative routes Saudi Arabia and the UAE have some infrastructure in place that can bypass the Strait of Hormuz, which may somewhat mitigate any transit disruptions through the strait. The pipelines do not typically operate at full capacity, and we estimate that about 2.6 million b/d of capacity from the Saudi and UAE pipelines could be available to bypass the Strait of Hormuz in the event of a supply disruption.
Saudi Aramco operates the 5 million-b/d East-West crude oil pipeline, which runs from the Abqaiq oil processing center near the Persian Gulf to the Yanbu port on the Red Sea. Aramco temporarily expanded the pipeline’s capacity to 7.0 million b/d in 2019 when it converted some natural gas liquids pipelines to accept crude oil. In 2024, Saudi Arabia pumped more crude oil through the East-West pipeline to avoid the shipping disruptions around the Bab al-Mandeb.
The UAE also operates a pipeline that bypasses the Strait of Hormuz. This 1.8 million-b/d pipeline links onshore oil fields to the Fujairah export terminal in the Gulf of Oman. In 2024, crude oil and condensate volumes originating in the UAE and traversing Hormuz were 0.4 million b/d less than in 2022 because refinery upgrades allowed more heavy crude oil to be refined locally. These upgrades also allowed the UAE to increase exports of its lighter crude oil grades, and use of the pipeline to the Fujairah export terminal increased. Increased use of the pipeline for day-to-day operations has limited the excess capacity available to reroute additional volumes around the Strait of Hormuz.
Iran inaugurated the Goreh-Jask pipeline and the Jask export terminal on the Gulf of Oman (avoiding the Strait of Hormuz) with a single export cargo in July 2021. The pipeline’s effective capacity remains around 300,000 b/d. However, during the summer of 2024 Iran exported less than 70,000 b/d from ports (Bandar-e-Jask and Kooh Mobarak) using the Goreh-Jask pipeline and stopped loading cargoes after September 2024.
Destination markets We estimate that 84% of the crude oil and condensate and 83% of the liquefied natural gas that moved through the Strait of Hormuz went to Asian markets in 2024. China, India, Japan, and South Korea were the top destinations for crude oil moving through the Strait of Hormuz to Asia, accounting for a combined 69% of all Hormuz crude oil and condensate flows in 2024. These markets would likely be most affected by supply disruptions at Hormuz.
Data source: U.S. Energy Information Administration analysis based on Vortexa tanker tracking Note: 1Q25=first quarter of 2025
In 2024, the United States imported about 0.5 million b/d of crude oil and condensate from Persian Gulf countries through the Strait of Hormuz, accounting for about 7% of total U.S. crude oil and condensate imports and 2% of U.S. petroleum liquids consumption. In 2024, U.S. crude oil imports from countries in the Persian Gulf were at the lowest level in nearly 40 years as domestic production and imports from Canada have increased.
Principal contributors: Candace Dunn, Justine Barden
Source: Rosneft – Rosneft – An important disclaimer is at the bottom of this article.
RN-Uvatneftegaz (part of the oil and gas production complex of NK Rosneft) produced the 100-millionth ton of oil at the Eastern Hub*. This largest field provides more than 50% of the oil production of the Uvat project.
The hub’s production stock includes 1,026 wells producing about 11,000 tons of oil per day. Since the start of the hub’s fields’ operation, the drilling meterage in production drilling has amounted to 3.5 million meters of rock. Currently, the construction of high-tech, mainly horizontal wells using hydraulic fracturing operations (HF) continues. In the construction of wells, modern technologies are used that allow up to 10 HF stages to be carried out, as well as biopolymer drilling mud.
The first fields in this area – Malyka and Urnenskoye – were put into operation in 2009, and geological exploration work continues here, which has allowed the Eastern Hub to increase its recoverable reserves.
High production indicators are ensured by the developed infrastructure of the field. Over the 15 years since the beginning of the development of the territory in a hard-to-reach area, key oil and gas production facilities have been built, which allow new fields to be put into operation at an accelerated pace. The central collection point prepares the extracted raw materials, external oil transportation is provided by a main oil pipeline with a length of more than 260 km. More than 210 km of roads have been built at the hub fields, 560 km of power transmission lines have been installed. A gas turbine power plant with a capacity of 83 MW supplies energy to the main production facilities, using associated petroleum gas as fuel.
More than 2 thousand employees of the enterprise and contractors work at the oil field. RN-Uvatneftegaz creates conditions for their comfortable living, including at autonomous fields. A residential complex for 290 people, a gym, and a medical center have been built here. The construction of the third stage of the residential complex is in its final stage, which will increase its capacity by another 90 people.
The company’s work in the social sphere has been repeatedly recognized with awards at the “Russian Organization of High Social Efficiency” competition.
*For the efficient development of deposits in hard-to-reach marshy terrain, the Uvat project uses a strategy of hubs – centers with a single infrastructure, to which smaller satellite deposits are gradually added. Currently, there are four hubs operating in Uvat: Vostochny, Protozanovsky, Tyamkinsky and Kalchinsky, the infrastructure of which is constantly expanding.
Reference:
RN-Uvatneftegaz LLC, a subsidiary of Rosneft Oil Company, is conducting exploration and development of a group of fields located in the Uvatsky District of the Tyumen Region and the Khanty-Mansiysk Autonomous Okrug-Yugra. The Uvatsky project includes 19 licensed areas with a total area of over 25 thousand square kilometers.
Department of Information and Advertising of PJSC NK Rosneft June 16, 2025
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
Source: Rosneft – Rosneft – An important disclaimer is at the bottom of this article.
Rosneft held the second corporate triathlon competition in Moscow. Both experienced athletes and newcomers competed for victory in the individual and team events. All participants demonstrated exceptional endurance, fortitude and corporate team spirit.
Rosneft develops a healthy lifestyle culture and comprehensively supports sports. As part of the Energy of Life program, the Company’s employees take part in a number of major sports events, including marathon races, international triathlon competitions, family sports events, the All-Russian Physical Culture and Health Complex GTO festival, and many others.
This year, the participants of the Rosneft Triathlon competition were offered three distance options: Olympic, sprint and super-sprint. They all differed in mileage, but required the same full dedication. The athletes also competed in the relay race – 19 teams took part in it, each of which included three participants.
The competition took place in the Krylatskoye sports complex. The first stage, swimming, took place in the Rowing Canal, followed by a cycling race and running. The triathlon united Rosneft employees from different cities of the country and divisions of the Company. At the same time, the oldest athlete who took part in the distance and successfully completed it turned 57 years old.
In the Olympic distance (1.5 km swimming, 40 km cycling and 10 km running), the winners were Denis Zaitsev from Samaraneftegaz and Kristina Ignatyeva from RN-Vankor. In the sprint (0.75 km swimming, 20 km cycling and 5 km running), the winners were Mikhail Ignatyev from Udmurtneft and Irina Lokhmakova from Slavneft-Krasnoyarskneftegaz. In the super sprint (300 m swimming, 7.3 km cycling and 2 km running), the winners were Dmitry Krupin from SIBINTEK and Victoria Bunyak from RN-Moscow. In the relay, the Udmurtneft team won gold, while the Verkhnechonskneftegaz team and the second Udmurtneft team also made it onto the podium.
Congratulations to the winners and all participants of the Rosneft corporate triathlon competitions!
Reference:
Rosneft has one of the strongest triathlon teams among corporate teams. Rosneft Triathlon has been participating in various competitions since 2015 and unites more than 200 athletes of the Company.
During its performances, the Rosneft triathlon team was awarded the title of “Most Successful Corporate Team” in the annual triathlete rating according to the organizer of international starts IRONSTAR, and took first place in corporate team standings at IRONSTAR triathlon competitions.
As part of the corporate program “Energy of Life”, the Company carries out large-scale information and organizational work to develop a mass sports movement among employees and involve them in a healthy lifestyle. More than 128 thousand employees of the Company participate in the corporate-wide sports and health movement. More than 92 thousand take part in competitions in various sports in corporate-wide competitions and challenges, in competitions at the regional and federal levels. Sports training is organized for employees.
Department of Information and Advertising of PJSC NK Rosneft June 16, 2025
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
New York, N.Y., June 16, 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 that Matthew Barry has joined the Company as its Director of Investor Relations.
As Director of Investor Relations, Matt will spearhead NANO Nuclear’s efforts to connect with and inform its growing retail and institutional investor base and assist with all corporate communication initiatives.
Matt has over 10 years of experience in accounting, equity research and investor relations at both public and private companies. He began his career at Deloitte, where he audited the financial statements and internal controls of various public and private clients across various industries. Matt served as an equity research analyst at investment banks H.C. Wainwright and Cowen and Company, where he covered an aggregate portfolio of approximately 40 companies across both firms, creating complex financial models and analyzing a wide range of macroeconomic and industry data and trends. He later served as Manager of Investor Relations at Veeco Instruments Inc. (NASDAQ: VECO), a Nasdaq-listed global capital equipment provider, where he led the investor relations function. At Veeco, he successfully developed an in-house investor targeting program and was instrumental in attracting investment from multiple ideal long-only long-term oriented investors who initiated substantial positions in the company.
Matt joins NANO Nuclear following the recent addition of Intel technologist and former U.S. Department of Energy Deputy (DOE) Chief Data Officer, Seth Berl, Ph.D. as an independent member in NANO Nuclear’s Board of Directors, and the appointment of former U.S. Secretary of Energy and Texas Gov. Rick Perry as Chair of the NANO Nuclear’s Executive Advisory Board. These quality additions to the team highlight NANO Nuclear’s growing reputation for excellence in advanced nuclear technology and its commitment to strong leadership as it propels its ambitious business plans forward.
“I feel privileged to join this exciting company, which is not only striving to lead the advanced nuclear technology sector, but has made remarkable achievements so far, including having been the top performing initial public offering in the U.S. in 2024,” said Matthew Barry, Director of Investor Relations of NANO Nuclear. “I firmly believe in NANO Nuclear’s mission, and as we continue our progress, keeping our shareholders fully informed and aligned with our long‑term vision is essential. I’m looking forward to bringing my communications experience and my knowledge of public companies and the equity capital markets to NANO Nuclear at this pivotal time and to work with our energetic leadership team committed to delivering lasting value.”
Figure 1 – NANO Nuclear Appoints Matthew Barry as its Director of Investor Relations.
Matt earned his Certified Public Accountant (CPA) license in 2017 and Chartered Financial Analyst (CFA) designation in 2024. He holds a Bachelor of Business Administration in Accounting and a Master of Science in Taxation from Hofstra University where he received the FEI Top Accounting Student award.
“I’m very excited to welcome Matt to NANO Nuclear,” said Jay Yu, Founder and Chairman of NANO Nuclear. “His background in accounting, equity research and investor relations gives him a solid understanding of how public companies work and what their investor communities desire in terms of information and outreach. I believe he will be instrumental in strengthening our dialogue with shareholders, whose support has been vital to our success as we pursue our strategic objectives.”
“Matt aligns perfectly with our commitment to transparent, investor‑focused communication,” said James Walker, Chief Executive Officer of NANO Nuclear. “His capital‑markets expertise will be invaluable as we engage new investors and broaden market awareness. Matt’s appointment underscores our commitment to excellence, and I look forward to collaborating with him.”
About NANO Nuclear Energy, Inc.
NANO Nuclear Energy Inc. (NASDAQ: NNE) is an advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across five business lines: (i) cutting edge portable and other microreactor technologies, (ii) nuclear fuel fabrication, (iii) nuclear fuel transportation, (iv) nuclear applications for space and (v) nuclear industry consulting services. NANO Nuclear believes it is the first portable nuclear microreactor company to be listed publicly in the U.S.
Led by a world-class nuclear engineering team, NANO Nuclear’s reactor products in development include patented KRONOS MMR™Energy System, a stationary high-temperature gas-cooled reactor that is in construction permit pre-application engagement U.S. Nuclear Regulatory Commission (NRC) in collaboration with University of Illinois Urbana-Champaign (U. of I.), “ZEUS”, a solid core battery reactor, and “ODIN”, a low-pressure coolant reactor, and the space focused, portable LOKI MMR™, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors.
Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, is led by former executives from the largest transportation company in the world aiming to build a North American transportation company that will provide commercial quantities of HALEU fuel to small modular reactors, microreactor companies, national laboratories, military, and DOE programs. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy. Assuming development and commercialization, AFT is expected to form part of the only vertically integrated nuclear fuel business of its kind in North America.
HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear’s own microreactors as well as the broader advanced nuclear reactor industry.
NANO Nuclear Space Inc. (NNS), a NANO Nuclear subsidiary, is exploring the potential commercial applications of NANO Nuclear’s developing micronuclear reactor technology in space. NNS is focusing on applications such as the LOKI MMR™ system and other power systems for extraterrestrial projects and human sustaining environments, and potentially propulsion technology for long haul space missions. NNS’ initial focus will be on cis-lunar applications, referring to uses in the space region extending from Earth to the area surrounding the Moon’s surface.
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 anticipated benefits to the Company of the new Director of Investor Relations referred to herein. These and other forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to our U.S. Department of Energy (“DOE”) or related state or non-U.S. nuclear fuel licensing submissions, (ii) risks related the development of new or advanced technology and the acquisition of complimentary technology or businesses, including difficulties with design and testing, cost overruns, regulatory delays, integration issues and the development of competitive technology, (iii) our ability to obtain contracts and funding to be able to continue operations, (iv) risks related to uncertainty regarding our ability to technologically develop and commercially deploy a competitive advanced nuclear reactor or other technology in the timelines we anticipate, if ever, (v) risks related to the impact of U.S. and non-U.S. government regulation, policies and licensing requirements, including by the DOE and the U.S. Nuclear Regulatory Commission, including those associated with the recently enacted ADVANCE Act, and (vi) similar risks and uncertainties associated with the operating an early stage business a highly regulated and rapidly evolving industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at www.sec.gov and at https://ir.nanonuclearenergy.com/financial-information/sec-filings. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.
CDC’s rupture disc and pressure/vacuum relief valve portfolio is a leader in addressing pressure/vacuum safety and pressure management for critical applications across a broad range of attractive end markets
Transaction adds complementary portfolio of products to Baker Hughes existing valves product line
Acquisition expected to be immediately accretive to earnings and cash flow per share and IET’s segment margins
HOUSTON and LONDON, June 16, 2025 (GLOBE NEWSWIRE) — Baker Hughes (NASDAQ: BKR), an energy technology company, announced Monday it has agreed to acquire Continental Disc Corporation (CDC), a leading provider of safety-critical pressure management solutions, from investment partnerships managed by Tinicum Incorporated in an all-cash transaction for approximately $540 million.
Headquartered in Liberty, Missouri, CDC designs and manufactures rupture discs, rupture disc holders, burst disc indicators, pressure- and vacuum-relief valves, flame and detonation arrestors, and related safety products. These products, which are highly complementary to Baker Hughes Industrial & Energy Technology’s (IET) existing Control Valve and High-Pressure Relief Valve offerings, are deployed across a broad range of industries, including applications across pharmaceutical, chemical, food and beverage, oil and gas, and aerospace markets.
With a large global installed base and essential products that require regular replacement to maintain safety and operational reliability, CDC generates significant recurring revenue. In 2024, approximately 80% of CDC’s $109 million in proforma revenue was recurring – a key driver of its strong returns and highly accretive margin profile.
The CDC acquisition, along with the recently announced Surface Pressure Control (SPC) transaction and sale of the Precision Sensors & Instrumentation (PSI) product line, advances Baker Hughes’ portfolio optimization strategy designed to drive more durable earnings and cash flow. These actions reflect the company’s disciplined approach to capital allocation, with a focus on core businesses that offer compelling return potential. The addition of CDC aligns with Baker Hughes’ acquisition criteria: a strong strategic fit with growth and synergy opportunities, accretive margins and returns, and a lifecycle business model that supports long-term aftermarket demand and strengthens earnings quality. The acquisition is expected to be immediately accretive to earnings and cash flow per share, as well as IET’s segment margins.
“We are excited to enhance our industrial portfolio and expand our addressable market with the addition of CDC’s well-established critical pressure management solutions,” Baker Hughes Chairman and CEO Lorenzo Simonelli said. “Together with the recently announced SPC and PSI transactions, this acquisition sets the blueprint for our portfolio optimization strategy – focused on driving higher returns and creating long-term value for our shareholders.”
“While we will miss working with the extraordinarily dedicated CDC team, we are thrilled to see the business and CDC’s employees join Baker Hughes, a leader in the global process control and energy technology industries. We are confident that Baker Hughes will bring exciting new growth opportunities to the business and its team, given Baker Hughes’ highly complementary product lines and global reach,” added Michael Donner, Partner of Tinicum.
The acquisition will be funded with cash on hand and is expected to close in the fourth quarter of 2025, subject to completion of all customary conditions and required regulatory approvals.
Jefferies is serving as financial adviser and King and Spalding is serving as legal adviser for Baker Hughes on this transaction. William Blair & Company and Baird are serving as financial advisers and Morrison Foerster is serving as legal adviser to the board of Continental Disc Corporation.
About Baker Hughes Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.
About Tinicum Tinicum, founded in 1974 as a family investment office, is a private partnership that manages a diversified group of manufacturing, distribution, and industrial technology companies. It seeks to be a trusted partner of business owners and executives who share its belief that long-term prosperity can be created by teams of capable, honest people working together and investing diligently to fulfill the potential of a great business. For more information, visit www.tinicum.com.
SINGAPORE, June 16, 2025 (GLOBE NEWSWIRE) — OMS Energy Technologies Inc. (“OMS” or the “Company”) (Nasdaq: OMSE), a growth-oriented manufacturer of surface wellhead systems (“SWS”) and oil country tubular goods (“OCTG”) for the oil and gas industry, today provided a business update outlining its recent accomplishments as the Company prepares for its inaugural earnings call following its successful Nasdaq listing in May 2025.
Operational Highlights
New order win in Angola and renewed contract in Thailand; Southeast Asia emerging as driving force in customer acquisition
Expanding business footprint and growing talent pool
R&D achievements and partnerships steadily enriching product portfolio
Consistent enhancements to occupational health, safety and environmental management
Development initiatives fostering revenue diversification and enhancing financial stability
Mr. How Meng Hock, CEO of OMS Energy Technologies Inc., commented, “We’re excited to begin our journey as a public company with a healthy operational foundation, underscored by thriving customer relationships and partnerships, an expanding brand presence and cutting-edge R&D and manufacturing capabilities. We are also supported by a strong balance sheet and a deep commitment to prudent financial management, positioning us to quickly and flexibly execute our development strategy when suitable opportunities arise. With our focus on exceptional service and dedication to crafting superior products, we’re confident of delivering innovative solutions to a growing, global customer base, creating value for all of our stakeholders.”
Customer Growth and Diversification
Offering a broad array of highly engineered products and customizable solutions for the oil and gas industry, OMS is anchored by a solid base of long-term contracts and longstanding relationships with global and local oil companies, drilling contractors, E&P and oilfield service providers across the Asia Pacific, Middle East and North Africa (MENA), and West African regions. The Company recently entered the Angola market and has secured a letter of award through its Middle East representative for the supply of surface wellhead systems to Grupo Simples Oil in the Onshore Kwanza Basin Block of KON-06 in Angola, expanding its brand presence in West Africa.
In the Indonesian market, the Company’s marketing efforts are attracting new customers, such as PT Seleraya Belida (South Sumatra) and Pertamina Hulu Sanga Sanga (East Kalimantan), and driving steady growth in sales of surface wellhead and Christmas tree products.
OMS’ existing customer base continues to exhibit strong loyalty. In June, PTTEP, a long-term customer in the Thailand market, signed a new three-year agreement effective July 1, 2025, further stabilizing the Company’s revenue base. The Company also inked a 10-year supply agreement with Saudi Aramco in early 2024, projected to generate an estimated $120 to $200 million annually. Moreover, the Company’s annual price agreement with Halliburton continues to fuel robust order volumes at its Malaysia and Singapore facilities.
Geographic and Talent Pool Expansion
OMS boasts a broad geographic footprint in the oil-rich Asia Pacific and MENA regions, with 11 manufacturing facilities strategically situated across six countries (Singapore, Malaysia, Brunei, Saudi Arabia, Thailand, and Indonesia). By hiring local citizens, producing products and services within these jurisdictions, and sourcing high-value materials locally, the Company establishes eligibility to participate in government tenders and contracts, boosting its competitive edge. Employing locals also helps the Company meet the requirements of localization programs such as IKTVA in Saudi Arabia and TKDN in Indonesia while enriching its talent pool. The Company is exploring new operating jurisdictions to increase market share and extending its reach globally through a growing number of export countries.
Product Development & Manufacturing Advancements
OMS’s $1.1 million investment in Additive Manufacturing (AM) research is propelling progress in the development of a metallic seal for the Company’s high-pressure-high temperature (HPHT) gate valves, a technological breakthrough that promises to promote innovation, improve supply chain efficiency and enable better material selection for critical components. To date, OMS has completed Phase 1 of its proof of concept, covering material selection, additive manufacturing methodology and stress analysis on the part for fit, form and function for using this method. The Company continues to invest in R&D, forging partnerships with top institutions such as the Singapore Institute of Manufacturing and Technology (SIMTech) to remain at the forefront of industry innovation.
Meanwhile, the Company is steadily delivering on orders placed under its long-term agreements with Saudi Aramco and Halliburton Malaysia and Singapore, leveraging its precision manufacturing expertise and strategically-located facilities to produce mission-critical products and custom solutions with shorter lead times. A healthy, balanced manufacturing capacity utilization level empowers OMS to seamlessly meet rising demand from new and existing customers.
Occupational Health, Safety and Environmental Management Enhancements
Safety and environmental protection are critical to the oil and gas industry and a key cornerstone of OMS’ operations. The Company holds ISO 9001 and API Q1 quality management system certifications for all of its manufacturing sites, as well as ISO 45001-Occupational Health and Safety Management System and ISO 14001-Environmental Management System certifications. The Company recently completed the annual surveillance audit required to maintain its ISO 45001 and ISO 14001 certifications, a crucial step in the Company’s ongoing implementation of ESG programs.
Strategic Development Initiatives
Sustainable, long-term growth remains OMS’ top priority. The Company’s R&D collaboration with Singapore’s Agency for Science, Technology and Research (A*STAR) and SIMTech reflects its commitment to environmental sustainability, covering life cycle analysis, energy efficiency monitoring and digital transformation and innovation. OMS is also actively exploring growth and revenue diversification through acquisitions, joint ventures and strategic alliances. By driving development both organically and externally, OMS is creating a more resilient and balanced portfolio, strengthening the backbone of its business.
AboutOMS Energy Technologies Inc.
OMS Energy Technologies Inc. (NASDAQ: OMSE) is a growth-oriented manufacturer of surface wellhead systems (SWS) and oil country tubular goods (OCTG) for the oil and gas industry. Serving both onshore and offshore exploration and production operators, OMS is a trusted single-source supplier across six vital jurisdictions in the Asia Pacific, Middle Eastern and North African (MENA) regions. The Company’s 11 strategically located manufacturing facilities in key markets ensure rapid response times, customized technical solutions and seamless adaptation to evolving production and logistics needs. Beyond its core SWS and OCTG offerings, OMS also provides premium threading services to maximize operational efficiency for its customers.
The information in this press release includes forward-looking statements within the meaning of the federal securities laws. These statements generally relate to future events or our future financial or operating performance and include statements regarding the expected size, timing and results of the initial public offering. When used in this press release, words such as “expect,” “project,” “estimate,” “believe,” “anticipate,” “intend,” “budget,” “plan,” “seek,” “envision,” “forecast,” “target,” “predict,” “may,” “should,” “would,” “could,” and “will,” as well as the negative of these terms and similar expressions, are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words.
Forward-looking statements are based on management’s current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, actual results could differ materially from those indicated in these forward-looking statements. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in OMS’s prospectus. OMS undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
For investor and media inquiries, please contact:
OMS Energy Technologies Inc. Investor Relations Email: ir@omsos.com
Source: Africa Press Organisation – English (2) – Report:
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Egypt’s first integrated solar and battery storage plant will deliver dispatchable clean energy, enhance grid stability, and manage peak demand.
It is expected to generate approximately 3,000 GWh of clean energy and avoid up to 1.4 million tons of emissions annually, supporting Egypt’s decarbonisation goals.
The African Development Bank (www.AfDB.org), European Bank for Development and Reconstruction (EBRD), and the British International Investment (BII), the UK’s development finance institution and impact investor, are providing $479.1 million to Obelisk Solar Power SAE, a special purpose vehicle incorporated in Egypt, and owned by Scatec ASA (http://apo-opa.co/3SSYfFL). This financing will support the development of a 1 GW solar photovoltaic (PV) power plant integrated with a 200 MWh Battery Energy Storage System (BESS) in the country’s Nagaa Hammadi region.
The African Development Bank Group’s financing package of $184.1 million includes $125.5 million in commercial loans, as well as concessional funding from Bank Group-managed Special Funds the Sustainable Energy Fund for Africa (SEFA) worth $20 million, and $18.6 million from the Canada-African Development Bank Climate Fund, a partnership of the African Development Bank and the Government of Canada. A further $20 million will be channelled from the Climate Investment Funds’ Clean Technology Fund through the African Development Bank. The Bank’s Board of Directors approved the funding package on 11 June 2025 (https://apo-opa.co/4le4gsV).
EBRD will be providing a financing package of up to $173.5 million, of which US$101.9 million will benefit from a European Fund for Sustainable Development (EFSD+) first loss cover guarantee for the first 18 years, in addition to a $6.5 million grant to be provided by the EBRD Shareholder Special Fund.
BII financing includes a US$100 million concessional loan and a US$15 million returnable grant that helps lower the overall cost of the BESS part of the project, making it more financially viable and affordable, while attracting private sector participation and creating models for future investments. BII’s financing is subject to drawn down conditions.
The project’s blended financing of $475.6 million corresponds to approximately 80 per cent of the total estimated capital expenditure of $590 million.
The integrated power plant will be developed by Scatec, a leading renewable energy solutions provider, and built in two phases. The first phase, with 561 MW of solar and 100 MW/200 MWh of battery storage, aims to begin operations in the first half of 2026. The second phase of 564 MW solar aims to start operations in the second half of 2026. The energy will be sold under a USD-denominated 25-year Power Purchase Agreement (PPA) with the Egyptian Electricity Transmission Company, backed by a sovereign guarantee.
Upon completion, it will be the first integrated solar photovoltaic and battery storage project of this scale in Egypt, representing a significant milestone in the country’s energy transition. Egypt aims to reach 42 per cent of renewables in its power mix by 2030. The solar power plant is estimated to generate approximately 3,000GWh per year of additional renewable power, which will enhance grid stability and manage peak demand. It will also reduce carbon dioxide emissions by up to 1.4 million metric tons annually.
The facility will support the diversification of Egypt’s energy mix and will increase the share of renewable energy contributing to the reduction of greenhouse gas emissions and supporting the country’s decarbonisation goals.
Egypt’s Minister of Planning, Economic Development and International Cooperation, Dr. Rania A. Al-Mashat: “The Obelisk Solar Power project represents a landmark in Egypt’s clean energy transition, not only as the first integrated solar and battery storage facility, but also as a model for innovative financing through effective multilateral partnerships. It reflects our continued efforts to scale renewable energy, enhance grid resilience, and drive forward the implementation of Egypt’s Nexus of Water, Food and Energy (NWFE) Country Platform, thus advancing our climate ambitions and creating new opportunities for private sector engagement and sustainable development.”
Wale Shonibare, The African Development Bank’s Director of Energy Financial Solutions, Policy, and Regulations noted: “This project exemplifies the scale of renewable energy potential across Africa and demonstrates how strong partnerships and innovative solutions can advance the energy transition and foster sustainable economic development. It has a high demonstration and replication potential for similar initiatives across the continent.”
Iain Macaulay, Director and Head of Project Finance (Africa & Pakistan), BII said: “This agreement underscores BII’s commitment to innovative and sustainable energy solutions. The integration of battery storage with solar PV is a game-changer for Egypt’s energy sector, providing reliable and dispatchable renewable energy and reducing reliance on fossil fuels. This project not only meets Egypt’s current energy needs but also sets a precedent for future dispatchable hybrid renewable energy projects in the region.”
Boyd Carpenter, EBRD Managing Director for sustainable Infrastructure, said: “We’re delighted to work with our longstanding partners SCATEC, African Development Bank and BII to support this transformative project, which takes Egypt’s green energy transition to another level by harnessing the power of the sun not just during the day but also at night, thanks to the combination of solar and battery storage. It addresses the growing demand for electricity and reduces the need to import expensive fossil fuels. The project contributes towards the goals of the Egypt’s flagship Nexus on Water, Food, and Energy which was launched at COP27 in Sharm El Sheikh, and for which EBRD is Egypt’s lead partner on the energy pillar.”
Stefano Sannino, Director-General of the Directorate-General for the Middle East, North Africa and Gulf of the European Commission said: “Today, the European Union (EU) launches the EU-Egypt Investment Guarantee for Development Mechanism, a strategic platform designed to fast-track a significant pipeline of investment projects to deliver large-scale financing solutions in Egypt. This is a major milestone in the implementation of the EU-Egypt Strategic Partnership. This particular project is a concrete example of a fruitful collaboration between the EU and the EBRD for supporting green transition in the country, through a large-scale investment. The EU guarantee allows the EBRD to provide a loan alongside other financiers to finance an innovative integrated solution which can attract private investors.”
Terje Pilskog, CEO of Scatec, the project’s operation and maintenance contractor, said: “This project marks a major milestone for Scatec. It proves our ability to deliver large-scale hybrid projects. We are proud to partner with leading development finance institutions to support Egypt’s clean energy ambitions, and we look forward to delivering this important project together with our partners.”
– on behalf of African Development Bank Group (AfDB).
For media inquiries please contact: The African Development Bank Olufemi Terry media@afdb.org
British International Investment Paschorina Mortty press@bii.co.uk
The European Bank for Development and Reconstruction Nibal Zgheib zgheibn@ebrd.com
Scatec Meera Bhatia meera.bhatia@scatec.com
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Follow The European Bank for Development and Reconstruction on: Web: http://apo-opa.co/4kHHidA Facebook: http://apo-opa.co/409LVF1 LinkedIn: http://apo-opa.co/400CnMA Instagram: http://apo-opa.co/45s0OGs Twitter: http://apo-opa.co/45vClQB YouTube: http://apo-opa.co/4jQZiRu
About British International Investment: British International Investment is the UK’s development finance institution and impact investor. As a trusted investment partner to businesses in Africa, Asia and the Caribbean, BII invests to create productive, sustainable and inclusive economies in our markets. Between 2022-2026, at least 30 per cent of BII’s total new commitments by value will be in climate finance. BII is also a founding member of the 2X Challenge which has raised over $33.6 billion to empower women’s economic development. The company has investments in over 1,580 businesses across 65 countries and total net assets of £8.5 billion. For more information, visit: www.BII.co.uk | watch here (http://apo-opa.co/4jOKyTr).
About The European Bank for Development and Reconstruction: The EBRD is a multilateral bank that promotes the development of the private sector and entrepreneurial initiative in 36 economies across three continents. The Bank is owned by 75 countries as well as the EU and the EIB. EBRD investments are aimed at making the economies in its regions competitive (http://apo-opa.co/4jWC9xg), inclusive (http://apo-opa.co/3FWLuqT), well-governed (http://apo-opa.co/4kNijpm), green (http://apo-opa.co/43Yjvin), resilient and integrated (http://apo-opa.co/3TrRBq8).
TALLINN, Estonia, June 16, 2025 (GLOBE NEWSWIRE) — The countdown has begun. Bitcoin Solaris (BTC-S), a next-generation blockchain project engineered for speed, fairness, and global accessibility, is now in Phase 8 of its presale, with just under seven weeks remaining before the final launch.
Priced at $8 in the current round and set to debut at $20, the presale presents investors with a potential 150% return before the token even hits exchanges. Backed by more than 11,500 participants and over $4.5M already raised, Bitcoin Solaris is generating significant momentum as it prepares to deliver a more accessible and inclusive approach to blockchain participation.
Bitcoin Solaris: Engineered for the Next Generation of Wealth
Here’s what makes Bitcoin Solaris a standout:
Dual-Layer Architecture: Combines a SHA-256 Proof-of-Work base with a Delegated Proof-of-Stake Solaris Layer for scalability and decentralization.
Validator Rotation: 21 validators rotate every 24 hours to maintain fairness.
Up to 100,000 TPS: Transactions finalize in just 2 seconds.
Rust-based smart contracts: Powerful, secure, and ready for cross-chain execution.
Energy Efficient: Uses 99.95% less energy than Bitcoin.
BTC-S is battle-tested. Audits by Cyberscope and Freshcoins confirm its security and performance benchmarks, giving investors added confidence.
Mobile Mining: Your Device, Your Income
Through the exciting release of the upcoming Solaris Nova App, anyone with a smartphone, laptop, or standard PC can mine BTC-S. It’s a true shift in how mining works:
Accessible from anywhere
Dynamic power scoring for fairness
No rigs, no barriers
To estimate what your device could earn, check the official mining calculator. It’s the first time mining feels this democratic.
Most projects claim fairness. Bitcoin Solaris backs it with a real structure. Its tokenomics reflect the same 21 million fixed-supply model as Bitcoin, but with smarter allocation:
66.66% for mining over 90 years
20% for presale
5% for liquidity pools
2% for ecosystem development
2% for community rewards
2% for staking rewards
2% for marketing
0.33% for the team and advisors
This ensures most of the supply goes to users, not insiders, making it one of the most user-forward tokenomics models in the industry.
Where It’s Going: Highlights from the Roadmap
Unlike slow-to-ship competitors, Bitcoin Solaris has a locked roadmap focused on rapid progress:
Q3 2026: Full mainnet release with DPoS validators and mobile mining
Q4 2026: Integration of the Mining Power Marketplace
2027+: Focus on quantum-resistant upgrades, layer-2 solutions, and institutional utility
From governance to scalability, every step is built for global growth.
Crypto Voices Are Getting Louder
The hype isn’t isolated. Influencers are calling it early:
2Bit Crypto broke down how Bitcoin Solaris overcomes Bitcoin’s limitations and makes mining fair again.
Ben Crypto praised BTC-S as one of the few projects that could scale while still preserving decentralization and value generation for holders.
With voices like these behind it, BTC-S is gaining the traction early Bitcoin once had, only faster.
The Presale That’s Turning Heads
We’re now deep into Phase 7 of the presale:
Current price: $8
Next phase: $9
Launch price: $20
233% return potential
Over 11,500 participants
More than $4.5M raised
Less than 7 weeks remaining
This is being called one of the shortest and most explosive presales in recent memory. Bitcoin Solaris is proving that timing and tech are finally on the side of the everyday investor.
Final Verdict: You Missed Bitcoin at $10 Don’t Miss This
Bitcoin Solaris isn’t just the next project. It’s a second chance. With mobile mining, 100,000 TPS, and a fair launch model, it’s positioned to democratize wealth in a way Bitcoin never could.
If you watched history unfold and wished you were there earlier, this is it. Don’t just invest. This time, participate.
Disclaimer:This is a paid post and is provided byBitcoin Solaris. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented.We do not guarantee any claims, statements, or promises made in this article.This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital.It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose.Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.In the event of any legal claims or charges against this article, we accept no liability or responsibility.Globenewswire does not endorse any content on this page.
Legal Disclaimer:This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied.We assume no responsibility for any inaccuracies, errors, or omissions.We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.
Photos accompanying this announcement are available at:
TALLINN, Estonia, June 16, 2025 (GLOBE NEWSWIRE) — The countdown has begun. Bitcoin Solaris (BTC-S), a next-generation blockchain project engineered for speed, fairness, and global accessibility, is now in Phase 8 of its presale, with just under seven weeks remaining before the final launch.
Priced at $8 in the current round and set to debut at $20, the presale presents investors with a potential 150% return before the token even hits exchanges. Backed by more than 11,500 participants and over $4.5M already raised, Bitcoin Solaris is generating significant momentum as it prepares to deliver a more accessible and inclusive approach to blockchain participation.
Bitcoin Solaris: Engineered for the Next Generation of Wealth
Here’s what makes Bitcoin Solaris a standout:
Dual-Layer Architecture: Combines a SHA-256 Proof-of-Work base with a Delegated Proof-of-Stake Solaris Layer for scalability and decentralization.
Validator Rotation: 21 validators rotate every 24 hours to maintain fairness.
Up to 100,000 TPS: Transactions finalize in just 2 seconds.
Rust-based smart contracts: Powerful, secure, and ready for cross-chain execution.
Energy Efficient: Uses 99.95% less energy than Bitcoin.
BTC-S is battle-tested. Audits by Cyberscope and Freshcoins confirm its security and performance benchmarks, giving investors added confidence.
Mobile Mining: Your Device, Your Income
Through the exciting release of the upcoming Solaris Nova App, anyone with a smartphone, laptop, or standard PC can mine BTC-S. It’s a true shift in how mining works:
Accessible from anywhere
Dynamic power scoring for fairness
No rigs, no barriers
To estimate what your device could earn, check the official mining calculator. It’s the first time mining feels this democratic.
Most projects claim fairness. Bitcoin Solaris backs it with a real structure. Its tokenomics reflect the same 21 million fixed-supply model as Bitcoin, but with smarter allocation:
66.66% for mining over 90 years
20% for presale
5% for liquidity pools
2% for ecosystem development
2% for community rewards
2% for staking rewards
2% for marketing
0.33% for the team and advisors
This ensures most of the supply goes to users, not insiders, making it one of the most user-forward tokenomics models in the industry.
Where It’s Going: Highlights from the Roadmap
Unlike slow-to-ship competitors, Bitcoin Solaris has a locked roadmap focused on rapid progress:
Q3 2026: Full mainnet release with DPoS validators and mobile mining
Q4 2026: Integration of the Mining Power Marketplace
2027+: Focus on quantum-resistant upgrades, layer-2 solutions, and institutional utility
From governance to scalability, every step is built for global growth.
Crypto Voices Are Getting Louder
The hype isn’t isolated. Influencers are calling it early:
2Bit Crypto broke down how Bitcoin Solaris overcomes Bitcoin’s limitations and makes mining fair again.
Ben Crypto praised BTC-S as one of the few projects that could scale while still preserving decentralization and value generation for holders.
With voices like these behind it, BTC-S is gaining the traction early Bitcoin once had, only faster.
The Presale That’s Turning Heads
We’re now deep into Phase 7 of the presale:
Current price: $8
Next phase: $9
Launch price: $20
233% return potential
Over 11,500 participants
More than $4.5M raised
Less than 7 weeks remaining
This is being called one of the shortest and most explosive presales in recent memory. Bitcoin Solaris is proving that timing and tech are finally on the side of the everyday investor.
Final Verdict: You Missed Bitcoin at $10 Don’t Miss This
Bitcoin Solaris isn’t just the next project. It’s a second chance. With mobile mining, 100,000 TPS, and a fair launch model, it’s positioned to democratize wealth in a way Bitcoin never could.
If you watched history unfold and wished you were there earlier, this is it. Don’t just invest. This time, participate.
Disclaimer:This is a paid post and is provided byBitcoin Solaris. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented.We do not guarantee any claims, statements, or promises made in this article.This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital.It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose.Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.In the event of any legal claims or charges against this article, we accept no liability or responsibility.Globenewswire does not endorse any content on this page.
Legal Disclaimer:This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied.We assume no responsibility for any inaccuracies, errors, or omissions.We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.
Photos accompanying this announcement are available at:
FREMONT, Calif., June 16, 2025 (GLOBE NEWSWIRE) — Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, today announced the launch of its most powerful and versatile battery yet, the IQ® Battery 5P™ with FlexPhase, for customers in Spain, Portugal, France, Sweden, Denmark, Belgium, and the Netherlands. The IQ Battery 5P with FlexPhase is an all-in-one AC-coupled system that delivers reliable backup power and supports both single-phase and three-phase applications, providing unmatched flexibility to meet diverse home energy needs. Enphase also launched the IQ Battery 5P with FlexPhase in Poland, Luxembourg, Germany, Austria, and Switzerland earlier this year.
The IQ Battery 5P with FlexPhase starts at 5 kWh of capacity and can be configured up to 70 kWh. Each 5 kWh battery delivers continuous power of up to 3.84 kW in single-phase configuration and 1.28 kW per phase in three-phase configuration. The new battery can be configured to meet the needs of each homeowner, offering grid-tied support or backup power. It is designed to discharge up to two times the maximum continuous power for three seconds, enabling the operation of high-power devices during a grid outage when paired with the IQ® System Controller 3 INT. The IQ Battery 5P with FlexPhase comes with an industry-leading 15-year warranty in Spain, Portugal, France, Sweden, Denmark, Belgium, and the Netherlands.
“Following recent blackouts in Spain, the need for reliable home energy solutions has never been higher,” said Miguel Rico Benitez, CEO at HogarSolar, a Platinum level installer of Enphase products in Spain. “There’s a growing urgency for reliable home energy solutions – and the IQ Battery 5P with FlexPhase offers the performance and resilience households need now more than ever.”
“The IQ Battery 5P with FlexPhase is a major step forward for energy storage in France,” said Thomas Poncet, owner of IdeeSys, an installer of Enphase products in France. “With powerful backup capabilities, scalable capacity, and long-term reliability, it’s exactly the kind of smart, future-ready technology our customers are looking for.”
“Belgian homeowners are increasingly looking for smart, future-ready energy systems that can adapt to their unique needs,” said Kristof Lassaut, CEO of K.L. Green Energy, an installer of Enphase products in Belgium. “The IQ Battery 5P with FlexPhase delivers outstanding flexibility, whether it’s single-phase or three-phase, and brings the kind of long-term reliability our customers trust. And now, with the IQ System Controller available, homeowners can also get reliable backup power for added peace of mind.”
“Adaptability is everything for Dutch homeowners when it comes to home energy, and the IQ Battery 5P with FlexPhase delivers just that,” said Paul Cortvriend, owner of Savo Solar Systemen, an installer of Enphase products in the Netherlands. “We love that the battery accommodates both single-phase and three-phase systems, letting us customize the perfect backup solution for each home. Enphase continues to lead the industry with innovations like this.”
“The IQ Battery 5P with FlexPhase was engineered to meet the growing demand for resilient, scalable home energy solutions across Europe,” said Sabbas Daniel, senior vice president of sales at Enphase Energy. “We’re excited to continue expanding access to our most powerful battery yet – bringing reliable, high-performance storage to more homeowners and helping accelerate Europe’s transition to a cleaner, more resilient energy future.”
Enphase Energy, a global energy technology company based in Fremont, CA, is the world’s leading supplier of microinverter-based solar and battery systems that enable people to harness the sun to make, use, save, and sell their own power — and control it all with a smart mobile app. The company revolutionized the solar industry with its microinverter-based technology and builds all-in-one solar, battery, and software solutions. Enphase has shipped approximately 81.5 million microinverters, and approximately 4.8 million Enphase-based systems have been deployed in over 160 countries. For more information, visit https://investor.enphase.com.
This press release may contain forward-looking statements, including statements related to the expected capabilities and performance of Enphase Energy’s technology and products, including safety, quality, and reliability. These forward-looking statements are based on Enphase Energy’s current expectations and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those contemplated by these forward-looking statements as a result of such risks and uncertainties including those risks described in more detail in Enphase Energy’s most recently filed Quarterly Report on Form 10-Q, Annual Report on Form 10-K, and other documents filed by Enphase Energy from time to time with the SEC. Enphase Energy undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations, except as required by law.
FREMONT, Calif., June 16, 2025 (GLOBE NEWSWIRE) — Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world’s leading supplier of microinverter-based solar and battery systems, today announced the launch of its most powerful and versatile battery yet, the IQ® Battery 5P™ with FlexPhase, for customers in Spain, Portugal, France, Sweden, Denmark, Belgium, and the Netherlands. The IQ Battery 5P with FlexPhase is an all-in-one AC-coupled system that delivers reliable backup power and supports both single-phase and three-phase applications, providing unmatched flexibility to meet diverse home energy needs. Enphase also launched the IQ Battery 5P with FlexPhase in Poland, Luxembourg, Germany, Austria, and Switzerland earlier this year.
The IQ Battery 5P with FlexPhase starts at 5 kWh of capacity and can be configured up to 70 kWh. Each 5 kWh battery delivers continuous power of up to 3.84 kW in single-phase configuration and 1.28 kW per phase in three-phase configuration. The new battery can be configured to meet the needs of each homeowner, offering grid-tied support or backup power. It is designed to discharge up to two times the maximum continuous power for three seconds, enabling the operation of high-power devices during a grid outage when paired with the IQ® System Controller 3 INT. The IQ Battery 5P with FlexPhase comes with an industry-leading 15-year warranty in Spain, Portugal, France, Sweden, Denmark, Belgium, and the Netherlands.
“Following recent blackouts in Spain, the need for reliable home energy solutions has never been higher,” said Miguel Rico Benitez, CEO at HogarSolar, a Platinum level installer of Enphase products in Spain. “There’s a growing urgency for reliable home energy solutions – and the IQ Battery 5P with FlexPhase offers the performance and resilience households need now more than ever.”
“The IQ Battery 5P with FlexPhase is a major step forward for energy storage in France,” said Thomas Poncet, owner of IdeeSys, an installer of Enphase products in France. “With powerful backup capabilities, scalable capacity, and long-term reliability, it’s exactly the kind of smart, future-ready technology our customers are looking for.”
“Belgian homeowners are increasingly looking for smart, future-ready energy systems that can adapt to their unique needs,” said Kristof Lassaut, CEO of K.L. Green Energy, an installer of Enphase products in Belgium. “The IQ Battery 5P with FlexPhase delivers outstanding flexibility, whether it’s single-phase or three-phase, and brings the kind of long-term reliability our customers trust. And now, with the IQ System Controller available, homeowners can also get reliable backup power for added peace of mind.”
“Adaptability is everything for Dutch homeowners when it comes to home energy, and the IQ Battery 5P with FlexPhase delivers just that,” said Paul Cortvriend, owner of Savo Solar Systemen, an installer of Enphase products in the Netherlands. “We love that the battery accommodates both single-phase and three-phase systems, letting us customize the perfect backup solution for each home. Enphase continues to lead the industry with innovations like this.”
“The IQ Battery 5P with FlexPhase was engineered to meet the growing demand for resilient, scalable home energy solutions across Europe,” said Sabbas Daniel, senior vice president of sales at Enphase Energy. “We’re excited to continue expanding access to our most powerful battery yet – bringing reliable, high-performance storage to more homeowners and helping accelerate Europe’s transition to a cleaner, more resilient energy future.”
Enphase Energy, a global energy technology company based in Fremont, CA, is the world’s leading supplier of microinverter-based solar and battery systems that enable people to harness the sun to make, use, save, and sell their own power — and control it all with a smart mobile app. The company revolutionized the solar industry with its microinverter-based technology and builds all-in-one solar, battery, and software solutions. Enphase has shipped approximately 81.5 million microinverters, and approximately 4.8 million Enphase-based systems have been deployed in over 160 countries. For more information, visit https://investor.enphase.com.
This press release may contain forward-looking statements, including statements related to the expected capabilities and performance of Enphase Energy’s technology and products, including safety, quality, and reliability. These forward-looking statements are based on Enphase Energy’s current expectations and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those contemplated by these forward-looking statements as a result of such risks and uncertainties including those risks described in more detail in Enphase Energy’s most recently filed Quarterly Report on Form 10-Q, Annual Report on Form 10-K, and other documents filed by Enphase Energy from time to time with the SEC. Enphase Energy undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations, except as required by law.
RONKONKOMA, N.Y., June 16, 2025 (GLOBE NEWSWIRE) — SUNation Energy, Inc. (Nasdaq: SUNE)(“the Company”), a leading provider of sustainable solar energy and backup power solutions for households, businesses, and municipalities, today announced that, by a decision dated June 10, 2025, the Nasdaq Hearings Panel (the “Panel”) made a finding that the Company is not in violation of Nasdaq Listing Rules 5100 and 5550(a)(2), the “Public Interest Concern” and “Bid Price Rule”, respectively, which were the bases of the non-compliance and delisting notices previously provided to and disclosed by the Company.
Accordingly, the Company is deemed to be in full compliance with the applicable Nasdaq Listing Rules, and the Panel granted the Company’s request for continued listing on The Nasdaq Stock Market LLC (“Nasdaq”) and is closing this matter.
“We appreciate Nasdaq’s thoughtful and considered view of this matter and are very pleased to maintain our listing on Nasdaq,” said Scott Maskin, Chief Executive Officer. “We remain confident in the strength of our business, the scope of opportunities ahead of us, and our outlook for 2025.”
About SUNation Energy, Inc.
SUNation Energy, Inc. is focused on growing leading local and regional solar, storage, and energy services companies nationwide. Our vision is to power the energy transition through grass-roots growth of solar electricity paired with battery storage. Our portfolio of brands (SUNation, Hawaii Energy Connection, E-Gear) provide homeowners and businesses of all sizes with an end-to-end product offering spanning solar, battery storage, and grid services. SUNation Energy, Inc.’s largest markets include New York, Florida, and Hawaii, and the company operates in three (3) states.
Forward Looking Statements
Our prospects here at SUNation Energy Inc. are subject to uncertainties and risks. This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. The Company intends that such forward-looking statements be subject to the safe harbor provided by the foregoing Sections. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this presentation. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “projects”, “should”, or other expressions that are predictions of or indicate future events or trends, to be uncertain and forward-looking. We caution readers not to place undue reliance upon any such forward-looking statements. The Company does not undertake to publicly update or revise forward-looking statements, whether because of new information, future events or otherwise. Additional information respecting factors that could materially affect the Company and its operations are contained in the Company’s filings with the SEC which can be found on the SEC’s website at www.sec.gov.
Contacts: Scott Maskin Chief Executive Officer (631) 350-9340 IR@sunation.com
RONKONKOMA, N.Y., June 16, 2025 (GLOBE NEWSWIRE) — SUNation Energy, Inc. (Nasdaq: SUNE)(“the Company”), a leading provider of sustainable solar energy and backup power solutions for households, businesses, and municipalities, today announced that, by a decision dated June 10, 2025, the Nasdaq Hearings Panel (the “Panel”) made a finding that the Company is not in violation of Nasdaq Listing Rules 5100 and 5550(a)(2), the “Public Interest Concern” and “Bid Price Rule”, respectively, which were the bases of the non-compliance and delisting notices previously provided to and disclosed by the Company.
Accordingly, the Company is deemed to be in full compliance with the applicable Nasdaq Listing Rules, and the Panel granted the Company’s request for continued listing on The Nasdaq Stock Market LLC (“Nasdaq”) and is closing this matter.
“We appreciate Nasdaq’s thoughtful and considered view of this matter and are very pleased to maintain our listing on Nasdaq,” said Scott Maskin, Chief Executive Officer. “We remain confident in the strength of our business, the scope of opportunities ahead of us, and our outlook for 2025.”
About SUNation Energy, Inc.
SUNation Energy, Inc. is focused on growing leading local and regional solar, storage, and energy services companies nationwide. Our vision is to power the energy transition through grass-roots growth of solar electricity paired with battery storage. Our portfolio of brands (SUNation, Hawaii Energy Connection, E-Gear) provide homeowners and businesses of all sizes with an end-to-end product offering spanning solar, battery storage, and grid services. SUNation Energy, Inc.’s largest markets include New York, Florida, and Hawaii, and the company operates in three (3) states.
Forward Looking Statements
Our prospects here at SUNation Energy Inc. are subject to uncertainties and risks. This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. The Company intends that such forward-looking statements be subject to the safe harbor provided by the foregoing Sections. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this presentation. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “projects”, “should”, or other expressions that are predictions of or indicate future events or trends, to be uncertain and forward-looking. We caution readers not to place undue reliance upon any such forward-looking statements. The Company does not undertake to publicly update or revise forward-looking statements, whether because of new information, future events or otherwise. Additional information respecting factors that could materially affect the Company and its operations are contained in the Company’s filings with the SEC which can be found on the SEC’s website at www.sec.gov.
Contacts: Scott Maskin Chief Executive Officer (631) 350-9340 IR@sunation.com