Category: Renewable Hydrogen

  • MIL-OSI Russia: ROSNEFT OIL COMPANY FULL YEAR 2024 IFRS RESULTS

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

    • 2024 HYDROCARBON PRODUCTION  AMOUNTED TO 255.9 MLN TOE
    • 2024 LIQUID HYDROCARBON PRODUCTION AMOUNTED TO 184.0 MLN TONS
    • 2024 GAS PRODUCTION TOTALLED 87.5 BCM
    • 2024 EBITDA AMOUNTED TO RUB 3,029 BLN
    • 2024 NET INCOME ATTRIBUTABLE TO ROSNEFT SHAREHOLDERS AMOUNTED TO RUB 1,084 BLN
    • 2024 FREE CASH FLOW AMOUNTED TO RUB 1,295 BLN
    • 2024 UNIT UPSTREAM COSTS AMOUNTED TO $2.9/BOE
    • THE TOTAL AMOUNT OF PAID TAXES AND OTHER PAYMENTS BY THE COMPANY TO THE CONSOLIDATED BUDGET OF THE RUSSIAN FEDERATION EXCEEDED RUB 6.1 TRLN

    Rosneft Oil Company (hereafter, “Rosneft”, and the “Company”) publishes its results for 12M 2024 prepared in accordance with International Financial Reporting Standards (IFRS).

      12M
    2024
    12M
    2023
    % change
      RUB bln (except for %)
    Revenues from sales and equity share in profits of associates and joint ventures 10,139 9,163 10.7%
    EBITDA 3,029 3,005 0.8%
    Net income attributable to Rosneft shareholders 1,084 1,267 (14.4)%
    CAPEX 1,442 1,297 11.2%
    Adjusted free cash flow 1,295 1,427 (9.3)%

     

    Igor Sechin, Chairman of the Management Board and Chief Executive Officer of Rosneft, said:

    “In the reporting year, the Company operated against the backdrop of oil production cap under the OPEC+ agreement, increased taxation, the natural monopolies tariff rises outstripping inflation, incremental anti-terrorist security costs, growing sanctions pressure, and unprecedented interest rates increases.

    Management focused its efforts on revenue and EBITDA growth, while maintaining unit upstream costs at less than $3/boe, which is in line with our strategic objective, as well as on debt burden reduction. At the end of the year the net financial debt/EBITDA ratio amounted to less than 1.2x.

    Rosneft is the country’s largest taxpayer. In 2024, the total amount of paid taxes and other payments made by the Company to the consolidated budget of the Russian Federation exceeded RUB 6,1 trillion1.This is record high both for the Company and for the whole of the Russian market.

    The net income attributable to the Company’s shareholders is lower as compared to the previous year due to the impact of non-cash factors, the main one being the revaluation of tax liabilities due to the income tax rate increase to 25% from 2025. In accordance with IFRS requirements, this resulted in a restatement of deferred tax with a negative income effect of RUB 0.24 trillion. However, efficient execution and improved development parameters of a number of our key projects afforded an opportunity to dramatically reduce the negative effect of these changes.

    The sizable key rate increase exerted additional pressure on the net income. In particular, the Company’s interest expenses on loans and borrowings increased 1.5 times in 2024. I should note that the Bank of Russia maintains a very high real interest rate in the economy: in the last two years, it has been the highest in the world.

    Taking into account our shareholders’ interests and in full compliance with the dividend policy, in February, the Company paid an interim dividend of RUB 36.47 per share. The Company has been paying dividends consecutively since 1999. The dividend base has remained unchanged since the 2011 dividend, which ensures transparency and predictability of the dividend amount. I am pleased to note that in the last year alone the number of our shareholders increased by almost a third and reached 1.5 million people.

    Taking into account the negative macroeconomic environment, the Company forcibly adjusts its strategy to sustain its fundamental value. In 2024, in order to support its stock prices during the periods of sharp decline, the Company continued its Share Buyback Program previously approved by the Board of Directors. At the end of October – beginning of November 2024, when the Russian stock market hit its local lows, Rosneft successfully bought back about 2.6 mln of its shares at an average price of RUB 443.7. The Company used the same mechanism during 2020, when commodity markets suffered a COVID-pandemic related price crisis. At that time, the Company bought back about 0.76% of its shares at an average price of RUB 347.5. The current stake value exceeds the buyback price by more than 1.5х”.

    Operating performance

    Exploration and production

    FY2024, liquid hydrocarbon production amounted to 184.0 mln tons (3,737 th. bpd) on the back of, primarily, the production cap in compliance with the decisions of the Russian Government.

    In 2024, the Company’s gas production amounted to 87.5 bcm (1,455 th. boepd), maintaining Rosneft’s status as the largest independent gas producer in Russia. Greenfield projects in the Yamal-Nenets Autonomous District commissioned in 2022 account for over a third of the Company’s gas production.

    As a result, in 2024, the Company’s hydrocarbon production amounted to 255.9 mln toe (5,192 th. boepd).

    In 2024, production drilling footage exceeded 12 mln meters. Rosneft commissioned over 3 th. new wells, horizontal wells accounting for 72% of that amount.

    In 2024, Rosneft conducted 1.2 th. linear km of 2D seismic and 5.3 th. sq. km of 3D seismic onshore Russia. The Company completed testing of 62 exploratory wells with a success rate of 89%.

    In 2024, Rosneft discovered 7 deposits and 97 new hydrocarbon accumulations to the total of 0.2 bln toe under the AB1C1+B2C2 categories of the Russian reserve classification due to the high efficiency of the Company’s exploration activities. As a result, Rosneft’s hydrocarbon reserves under the Russian classification amounted to 21.5 bln toe (AB1C1+B2C2) at the end of 2024.

    Following an audit under the international PRMS classification (Petroleum Resources Management System), the Company’s 2P hydrocarbon reserves amounted to 11.4 bln toe. The 2P reserves replacement ratio exceeds 100%.

    Vostok Oil Project

    As part of the Vostok Oil project, in 2024, the Company completed 0.7 th. linear km of 2D seismic and 0.6 th. sq. km of 3D seismic. Rosneft carried out successful testing of 4 wells, with 1 well being drilled and 3 more wells being tested.

    In the reporting year, the project scope expanded from 52 to 60 license areas, and the resource base under the Russian classification increased to 7.0 bln tons of crude oil.

    The Company continues pilot development of the Payakhskoye, Ichemminskoye and Baikalovskoye fields: in 2024, production drilling footage amounted to 92 th. meters, while 11 production wells were completed. Successful drilling and testing of wells at the Payakhskoye field resulted in transportation of produced oil to the nearby Suzun field.

    Work is underway at the ‘Vankor – Payakha – Sever Bay’ trunk oil pipeline. As of the end of 2024, over 78,000 piles were installed; 359 km of pipeline were laid, including a 119 km long two-piped section. The Company completed laying and leak testing of the main pipeline crossing the Yenisei River, continues laying the backup pipeline.

    The Company completed most of the work on the construction of two cargo berths, as well as a berth for the port fleet at the Sever Bay Port terminal. Construction of the first oil loading berth is underway, and preparatory work for the second one is carried out. Construction of a crude oil delivery and acceptance point and the Suzun oil pumping station is underway. The Company continues with the construction of logistics infrastructure and hydraulic engineering installations, shore reinforcement, and expansion of onshore and berth infrastructure.

    Refining

    In 2024, Rosneft processed 82.6 mln tons of crude oil in Russia.

    Efforts have been made to maintain a high degree of reliability of refining assets and transition to domestic technologies. In particular, Rosneft provides its refineries with proprietary catalysts, which are essential for the production of high-quality motor fuel. In 2024, Rosneft produced more than 2 th. tons of catalysts for hydrotreatment of diesel fuel and gasoline fractions, as well as protective layer catalysts. Rosneft subsidiaries also produced 138 tons of gasoline reforming catalysts and 390 tons of catalysts for hydrogen production, petrochemicals and adsorbents. 1.6 th. tons of coked catalysts for hydrotreatment of diesel fuel were regenerated.

    Stable supply of high-quality motor fuel to Russian consumers is one of Rosneft’s key priorities. In 2024, the Company sold 43.6 mln tons of petroleum products in the domestic market, including 13.1 mln tons of gasoline and 18.1 mln tons of diesel fuel.

    The Company is an active participant of trading activities at the St. Petersburg International Mercantile Exchange (SPIMEX). In the reporting year, Rosneft sold 10.1 mln tons of gasoline and diesel fuel on the exchange, which is twice the required volume.

    Financial performance

    Operating performance and the current macroeconomic environment combined with management solutions determined the dynamics of the Company’s key financial indicators.

    The Company’s revenue2 for 2024 amounted to RUB 10,139 bln, representing an increase of 10.7% year-on-year on the back of higher Urals prices. EBITDA amounted to RUB 3,029 bln with an EBITDA margin of 29.7%.

    The unit upstream liftng costs in 2024 amounted to $2.9/boe.

    FY2024 net income attributable to Rosneft shareholders amounted to RUB 1,084 bln, which was 14.4% lower year-on-year and driven primarily by higher debt financing rates, as well as non-cash factors, including exchange rate revaluation of foreign currency liabilities and the effect of changes in the income tax rate.

    In 2024, capital expenditures amounted to RUB 1,442 bln, which was 11.2% year-on-year higher due to the scheduled implementation of the investment program at Upstream assets. At the same time, free cash flow3 in the reporting period reached RUB 1,295 bln.

    The net debt / EBITDA ratio at the end of 2024 remained unchanged in comparison with the end of Q3 2024, amounting to 1.2x, despite new negative macroeconomic factors.

    ESG

    Based on 2024 results, Rosneft reaffirmed its leading positions in sustainable development as well as high quality of information disclosure.

    The Company once again became a constituent of the Moscow Exchange – RAEX “ESG Balanced” Index with the best performance among Russian oil and gas companies. Rosneft became the only Russian oil and gas company with an AA ESG-rating assigned by RAEX for its “very high” level of ESG risk and opportunity management, with Rosneft governance rating at the highest AAA level.

    As a result of RAEX research, Rosneft was recognized as a leader of efficient management of water resources, becoming the only Russian oil and gas company among the top-10 rating participants with the highest scores in prudent water consumption, as well as in the quality of corporate policies and programs related to water consumption. The share of recycled and reused water at Rosneft production facilities consistently has exceeded 90% for 10 years.

    Moreover, Rosneft became the only Russian oil and gas company with the highest A+ rating “Leader of Corporate ESG Practices in the Russian Federation” from the Corporate Development Agency “Da-strategy”.

    In the reporting period, the Company proceeded with activities aimed at achieving sustainable development goals under the ‘Rosneft-2030: Reliable Energy and Global Energy Transition’ strategy.

    Rosneft applies advanced technologies and state-of-the-art production methods to create a safe working environment and minimize the risk of occupational injuries and occupational illnesses. In 2024, the Lost Workday Injury Severity (LWIS) went down by 23%.

    In 2024, there were no gas, oil and water shows (release of oil, gas or water to the surface) during well drilling operations at Rosneft facilities. The Company continued with pipeline replacement as part of its efforts to minimize oil and petroleum product spills.

    In 2024, Rosneft reduced the area of contaminated land by 9%, and the volume of oily waste – by 11% under the corporate program for the elimination of environmental legacy. In particular, the Company completed execution of a large-scale remediation program of legacy lands harmed during the Soviet years at the Samotlor oil field. Biological soil productivity was restored at the area of more than 2.2 th. hectares.

    1 Excluding the reimbursement of the excise duty on crude oil, which represents compensation for oil companies’ losses from motor fuels domestic price controls and refinery modernization costs.
    2 Includes sales revenue and income from associated organizations and joint ventures.
    3 Adjusted for prepayments under long-term oil supply contracts, including accrued interest payments thereon, net change in operations of subsidiary banks, and operations with trading securities.

    Department of Information and Advertising
    Rosneft Oil Company
    March 20, 2025

    These materials contain statements regarding future events and expectations that are forward-looking estimates. Any statement in these materials that is not historical information is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from the expected results, performance or achievements expressed or implied by these forward-looking statements. We assume no obligation to adjust the data contained herein to reflect actual results, changes in underlying assumptions or factors affecting the forward-looking statements.

    Please note; this information is the raw content received directly from the information source. This is exactly what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News

  • MIL-OSI Russia: ROSNEFT OIL COMPANY H1 2024 IFRS RESULTS

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

    • H1 2024 HYDROCARBON PRODUCTION AMOUNTED TO 131.3 MLN TOE
    • H1 2024 LIQUID HYDROCARBON PRODUCTION EQUALED 92.8 MLN TONS
    • H1 2024 GAS PRODUCTION TOTALLED 46.8 BCM
    • H1 2024 EBITDA AMOUNTED TO RUB 1,650 BLN
    • H1 2024 NET INCOME ATTRIBUTABLE TO ROSNEFT SHAREHOLDERS AMOUNTED TO RUB 773 BLN
    • H1 2024 FREE CASH FLOW AMOUNTED TO RUB 700 BLN
    • NET DEBT/EBITDA AT THE END OF H1 2024 WAS LESS THAN 1X
    • H1 2024 UNIT LIFTING COSTS AMOUNTED TO $2.7/BOE

    Rosneft Oil Company (hereinafter – Rosneft, the Company) announces its results for H1 2024, prepared in accordance with the International Financial Reporting Standards (IFRS).

      H1
    2024
    H1
    2023
    % change
      RUB bln (except for %)
    Revenues from sales and equity share in profits of affiliates and joint ventures 5,174 3,880* 33.4%
    EBITDA 1,650 1,401 17.8%
    Net income, attributable to Rosneft shareholders 773 609** 26.9%
    CAPEX 696 599 16.2%
    Adjusted free cash flow 700 434 61.3%

    * Adjusted for royalty effect in the Sakhalin-1 project.
    ** Revised due to completion of the 2022–2023 acquisition price allocation in 2023.

    Operating performance

    Exploration and production

    H1 2024 liquid hydrocarbons production amounted to 92.8 mln tons (3,796 th. bpd). The indicator performance is primarily driven by the production cap in compliance with the decisions of the Russian Government.

    H1 2024 gas production amounted to 46.8 bcm (1,566 th. boepd). Greenfield projects in the Yamal-Nenets Autonomous District commissioned in 2022 account for over a third of the Company’s gas production.

    As a result, the Company’s H1 2024 hydrocarbon production amounted to 131.3 mln toe (5,362 th. boepd).

    H1 2024 production drilling footage exceeded 5.9 mln meters. Rosneft commissioned over 1.4 th. new wells, 71% of which were horizontal.

    In H1 2024, Rosneft conducted 1.2 th. sq. km of 2D seismics and 4.7 th. sq. km of 3D seismics onshore Russia. The Company completed testing of 15 exploratory wells with a success rate of 87%.

    Vostok Oil Project

    As part of the flagship Vostok Oil project, in H1 2024 the Company completed 0.7 th. linear km of 2D seismics and 0.6 th. sq. km of 3D seismics. Rosneft carried out successful testing of one well, completed drilling of two wells with two more wells being tested.

    Pilot development of the Payakha, the Ichemminskoye and the Baikalovskoye fields is in progress: production drilling footage amounted to 42 th. meters, six production wells were completed in H1 2024.

    Work is underway at the ‘Vankor – Payakha – Sever Bay’ trunk oil pipeline. As of the end of H1 2024, over 65 th. piles had been mounted; over 280 km of pipeline had been welded, including 78 km long two-piped section. The Company completed the main pipeline crossing across the Yenisei River is finalizing the trench backfilling, and has started bottom dredging for laying a backup pipeline.

    The Company has completed most of activities on two cargo berths and one berth for the port fleet at the Sever Bay Port terminal, continues construction of an oil loading berth, and is working on construction of a crude oil delivery and acceptance point. Construction of logistics infrastructure, building of hydraulic structures, shore reinforcement, expansion of coastal and berthing infrastructure is underway.

    The Company completed winter-spring cargo delivery, and over 830 th. tons of property and equipment were delivered to the project’s production facilities via the Northern sea route and winter roads. Compared to the previous period, the volume of transported cargo increased by 32%.

    Refining

    H1 2024 refining volume in Russia amounted to 40.9 mln tons.

    The Company has been consistently developing domestic technologies and import substitution. In particular, Rosneft provides Company refineries with proprietary catalysts, which are essential for production of high-quality motor fuel. In H1 2024, Rosneft produced 1,130 tons of catalysts for hydrotreatment of diesel fuel and gasoline fractions, as well as protective layer catalysts. Rosneft subsidiaries also produced over 100 tons of gasoline reforming catalysts and 185 tons of catalysts for hydrogen production, petrochemicals and adsorbents. 630 tons of coked catalysts for hydrotreatment of diesel fuel were regenerated.

    Sustainable supply of high-quality motor fuel to Russian consumers is one of Rosneft’s key priorities. In H1 2024, the Company sold 21.6 mln tons of petroleum products on the domestic market, including 6.4 mln tons of gasoline and 8.8 mln tons of diesel fuel.

    The Company is an active participant of trading activities at the St. Petersburg International Mercantile Exchange (SPIMEX). In H1 2024, Rosneft sold 5.0 mln tons of gasoline and diesel fuel on the exchange, which is twice the required volume. The Company’s share in the total volume of exchange sales of gasoline and diesel fuel amounted to 38%.

    Financial performance

    Operating performance and the current macroeconomic environment combined with management decisions determined the trend of the Company’s key financial indicators.

    In H1 2024, the Company’s revenue1 amounted to RUB 5,174 bln, representing an increase of 33.4% year-on-year. EBITDA reached RUB 1,650 bln, which is 17.8% higher year-on-year. EBITDA margin amounted to 32%. At the end of H1 2024, the Net Debt/EBITDA ratio was 0.96x.

    H1 2024 unit lifting costs amounted to USD 2.7/boe.

    H1 2024 net income attributable to Rosneft shareholders increased to RUB 773 bln, a growth of 26.9%, which was mainly driven by the EBITDA growth.

    H1 2024 capital expenditure amounted to RUB 696 bln, which was 16.2% higher year-on-year and was due to the scheduled implementation of activities in the Upstream segment. At the same time, Rosneft’s free cash flow2 in the reporting period reached RUB 700 bln, which is 61.3% higher than in H1 2023.

    The Company is taking measures to reduce its ruble-denominated debt burden against the backdrop of high interest rates.

    In addition to the increase in interest rates, the outstripping growth of tariffs of natural monopolies negatively affects the Company’s performance. In particular, since 2020 increase in tariffs for cargo transportation by rail has exceeded the inflation rate by 17%.

    ESG

    In the reporting period, the Company continued to implement measures to achieve sustainable development goals under the ‘Rosneft-2030: Reliable Energy and Global Energy Transition’ strategy.

    Rosneft applies advanced technologies and state-of-the-art production methods to create a safe working environment and minimize the risk of occupational injuries and occupational illness. In H1 2024, while the overall LTIF (Lost Time Injury Frequency Rate) remained unchanged, the Lost Work Injury Frequency Rate (LWIS) dropped by 34%.

    In H1 2024, there were no gas, oil and water shows (release of oil, gas or water to the surface) during drilling operations at Company facilities. As part of efforts to minimize oil and petroleum product spills, measures were taken to replace field pipelines.

    In H1 2024, the Company processed more than 30 th. tons of legacy oily waste under the program on liquidation of environmental legacy.

    Active implementation of circular economy principles is one of the Company’s strategic development areas. In April 2024, Rosneft headed the waste management rating of RAEX, Russia’s largest non-credit rating agency, of 160 Russian companies. The Company’s leadership was acknowledged on the basis of the quality of corporate waste management policies and programs, gross and unit indicators of waste generation, as well as the share of waste reuse.

    Igor Sechin, Chairman of the Management Board and Chief Executive Officer of Rosneft, said:

    “Despite external pressure and challenges including production restrictions under the OPEC+ agreement, outstripping growth of tariffs of natural monopolies, increasing tax burden and interest rates, the Company continues to achieve strong financial results thanks to its high level of operational efficiency.

    In the first half of 2024, Rosneft’s key financial indicators – revenue, EBITDA, net income, cash flow – demonstrated stability. Unit lifting costs remained at a low level of USD 2.7/boe. As the country’s largest taxpayer, Rosneft paid RUB 2.8 trln in taxes in the first half of 2024.

    The ongoing growth of the tax burden has a negative impact on the oil industry. Its high level is confirmed by the calculations based on the data of Russia’s Federal Tax Service and Ministry of Finance – for 2019-2023, the tax burden in the oil industry amounted to 75%. By comparison, the burden in other industries for the same period is much lower: in the banking sector – 27%, in mining and metallurgy – 35%, in mining of diamonds and precious metals – 31%, in the gas industry – 62%.

    Such a level of tax burden undermines the very economic model of the industry and violates the rights of investors, including individual shareholders, of which Rosneft has over 1.3 mln people.

    In August 2024, for the benefit of shareholders and in full compliance with the dividend policy, the Company completed payment of final dividends approved by the Annual general shareholder meeting totaling over RUB 307 bln (29.01 per share).The total amount of dividends for 2023 is RUB 59.78 rubles per share or RUB 634 bln, which is a record high in the Company’s history”.

    1 Includes revenues from sales and equity share in profits of affiliates and joint ventures.
    2 Adjustment for prepayments under long-term oil supply contracts, including accrued interest payments thereon, net change in operations of subsidiary banks, and operations with trading securities.

    Department of Information and Advertising
    Rosneft Oil Company
    August 29, 2024

    These materials contain statements regarding future events and expectations that are forward-looking estimates. Any statement in these materials that is not historical information is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from the expected results, performance or achievements expressed or implied by these forward-looking statements. We assume no obligation to adjust the data contained herein to reflect actual results, changes in underlying assumptions or factors affecting the forward-looking statements.

    Please note; this information is the raw content received directly from the information source. This is exactly what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News

  • MIL-OSI Russia: Sechin Calls Synthesis of Conventional and Alternative Sources New Landscape of Energy Sector

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

    Synthesis of conventional and alternative energy sources is currently the optimal solution for the development of the global energy sector, said Igor Sechin, Chief Executive Officer of Rosneft, at the Energy Panel at the XXVIII St. Petersburg International Economic Forum.

    According to the CEO, the search for new energy sources never stops, and today a number of promising technologies are being actively developed. However, their full-fledged implementation is still far away, as modern technological solutions in this area are too expensive and inferior to traditional energy sources in a number of parameters.

    “For many years, great hopes have been placed on the use of hydrogen. However, low-carbon hydrogen still accounts for less than 1% of all production volumes. According to the Deloitte consulting company, the introduction of “green” hydrogen fuel will cost almost 10 trillion dollars by 2050,” Igor Sechin noted, adding that the cost of green hydrogen varies from 200 to 400 dollars per barrel of oil equivalent, which, under current conditions, makes it uncompetitive with oil and gas.

    He also emphasized that the use of cheaper methods of hydrogen production does not allow to reduce the carbon footprint, as the production of so-called “gray” hydrogen exceeds the emissions arising from the full cycle of production and use of gasoline.

    The introduction of space solar energy is also costly, Igor Sechin emphasized. The CEO noted that the cost of a satellite capable of converting solar energy into electricity in space exceeds 30 billion euros, and there is still no technology that would allow to transmit huge amounts of energy to Earth from space.

    Rosneft’s CEO also drew attention to the search for alternatives in energy storage. “Alternative types of batteries are emerging that already offer certain advantages but are not yet ready for widespread adoption. For example, sodium-ion batteries reduce charging time by 75% and perform better in low-temperature conditions, but they lag significantly behind existing lithium-ion counterparts in terms of energy density and lifespan,” Igor Sechin said.

    “As we can see, full-scale implementation of all these technologies is still a long way off. Therefore, today the optimal solution is a synthesis of conventional and alternative energy sources,” summarized the CEO of Rosneft.

    Department of Information and Advertising
    Rosneft Oil Company
    June 21, 2025

    Please note; this information is the raw content received directly from the information source. This is exactly what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News

  • MIL-OSI: $HAREHOLDER ALERT: Class Action Attorney Juan Monteverde Investigates the Merger of Aimei Health Technology Co., Ltd (NASDAQ: AFJKU)

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 02, 2025 (GLOBE NEWSWIRE) — Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating Aimei Health Technology Co., Ltd (NASDAQ: AFJKU) related to its merger with United Hydrogen Global, Inc., in which Aimei shareholders will be eligible for either (i) a redemption of their shares for $10.00; or (ii) becoming Class A shareholders in the combined company with minimal voting influence. Is it a fair deal?

    Click here for more info https://monteverdelaw.com/case/aimei-health-technology-co-ltd/. It is free and there is no cost or obligation to you.

    NOT ALL LAW FIRMS ARE EQUAL. Before you hire a law firm, you should talk to a lawyer and ask:

    1. Do you file class actions and go to Court?
    2. When was the last time you recovered money for shareholders?
    3. What cases did you recover money in and how much?

    About Monteverde & Associates PC

    Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court. 

    No one is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at jmonteverde@monteverdelaw.com or by telephone at (212) 971-1341.

    Contact:
    Juan Monteverde, Esq.
    MONTEVERDE & ASSOCIATES PC
    The Empire State Building
    350 Fifth Ave. Suite 4740
    New York, NY 10118
    United States of America
    jmonteverde@monteverdelaw.com
    Tel: (212) 971-1341

    Attorney Advertising. (C) 2025 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com).  Prior results do not guarantee a similar outcome with respect to any future matter.

    The MIL Network

  • MIL-OSI Russia: Kingdom of the Netherlands – Curaçao: Staff Concluding Statement of the 2025 Article IV Mission

    Source: IMF – News in Russian

    July 2, 2025

    A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF’s Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, or as part of other staff monitoring of economic developments.

    The authorities have consented to the publication of this statement. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF Executive Board for discussion and decision.

    Washington, DC.

    Curaçao’s economic activity expanded by 5 percent in 2024, as strong tourism performance trickled into the wider economy. Stayover arrivals, growing at double digits, continued to outperform Caribbean peers and carried over to other sectors, including whole trade, real estate, and construction. Mostly related to holiday homes and hotels, construction was further fueled by strong mortgage growth and complemented by a resumption of public investments under the Road Maintenance Plan. Average headline inflation declined to 2.6 percent in 2024 from 3.5 percent in 2023, in line with global oil prices and lower US inflation. Real wages increased for the first time in five years but job creation continued to be dominated by informal construction and tourism-related sectors while formal employment declined. The primary surplus continued its upward trajectory on the back of increased tax collection on goods and services. The current account deficit widened due to higher merchandise imports, mainly related to construction activity.

    The government is pursuing an ambitious agenda to steer a now tourism-led economy, amidst heightened global uncertainty. Mindful of tourism saturation and a decoupling of local living standards, the authorities strive to improve social conditions while generating sustainable and green growth amid safeguarding solid public finances. The near doubling of the tourism footprint within five years brought profound structural shifts to Curaçao’s economy, including the decline in manufacturing and rise in services, lower overall wages, higher informality, and greater reliance on – more regressive – indirect taxation. Policy responses need to shift accordingly. Priorities are rightly focused on upgrading tourist experiences and diversification, improving skills and labor market conditions, and reforming the tax system in an equitable way while addressing social spending pressures. The administration has delivered on a first round of targeted, one-off pension increases this year, continued reforms to contain health costs, expanded investment in education infrastructure, and came closer to its renewables target with the opening of the latest wind park in 2024. The landspakket, a structural reform package agreed with the Netherlands in 2020, continues to guide structural reforms.

    Outlook and Risks

    Growth is projected to moderate to 4 percent in 2025, balancing domestic impulses and heightened global uncertainty, before gradually converging to 2 percent over the medium term. Further expansion of stayover tourism and construction activity will continue to support growth in 2025, along with fiscal expansion driven by higher public investments. Potential negative effects of slowing global demand and heightened uncertainty would dampen tourism flows towards the end of 2025 and 2026. Growth is expected to moderate to 2 percent over the medium term, given saturation in tourism and slower global demand, while public capital spending would be carried forward, including in road infrastructure and the energy value chain. Headline inflation is projected to stabilize at 2.5 percent in 2025, subject to oil price-related uncertainty. Fiscal accounts would remain in surplus, fully compliant with the fiscal rule, allowing the government to partially settle a large bullet loan in 2025 with own liquid reserves, thereby accelerating the impressive downward trajectory of debt. The current account deficit would decline in the medium term but remain elevated.

    Risks to the outlook are tilted to the downside. External risks include trade policy and investment shocks, which could induce higher inflation and lower external demand, adversely impacting tourism arrivals. Domestic upside risks include faster-than-expected advances in the green hydrogen value chain project and development of other energy sources. On the downside, lower-than-expected disbursements in public investments and delays in infrastructure improvements could set back the expected increase in potential growth from the expansion of hotel capacities. Continued high growth in mortgage credit fueling rising house prices could lead to financial sector as well as household balance sheet vulnerabilities. Buffers include access to favorable refinancing conditions on the Dutch capital market, subject to compliance with the fiscal rule, which grants the island substantial fiscal space, notably for capital and emergency spending.

    Tailoring Fiscal and Structural Policies to a Tourism-led Economy

    Safeguarding Medium-term Fiscal Sustainability

    Reaching the medium-term debt target and further sustaining growth will require weighing the need to boost investments and address social spending pressures while reforming the tax system in an equitable manner.  

    Advancing healthcare reforms is an urgent priority to restore the sector’s financial sustainability and limit medium-term fiscal risks. Annual deficits of the SVB healthcare fund amounted to around 5 percent of GDP over the past years, excluding central government transfers, with an additional 1 percent of GDP annual deficit by the Curaçao Medical Center. Transfers to the latter were recently increased to better cover operating costs and invest in new medical equipment, but the health system’s overall finances remain unsustainable. Curaçao’s health expenses, around 13 percent of GDP, stand out relative to regional peers and surpass the OECD average. Possible efficiency gains on the spending side would include additional volume and price measures for pharmaceuticals, re-evaluation of laboratory service tariffs, further expansion of primary care to contain hospital visits, and improvements in preventive care, with the latter likely to materialize over the longer horizon. Revenue reform options would include a broadening of the contributor base, e.g., via the inclusion of migrant workers, increasing co-payments for higher-income households, allowing for price differentiation for the privately insured, exploring options to charge for add-on services, with a possible secondary, private insurance market for these services, and expanding the potential in medical tourism. 

    The authorities’ plans to adjust pension benefits for lower-income households in a fiscally responsible manner are welcome and should be accompanied by widening the contribution base. Staff welcomes the intention to reassess benefit levels, given the pausing of indexation and a decline in real per capita benefits by 23 percent between 2016 and 2024. Applying inflation indexation to residents’ pensions only would allow for a broadly balanced budget of the old-age pension scheme (before central government transfers). Considerations to providing a supplement for low-income pensioners, which could cost around ½ percent of GDP per year, should be partially financed by broadening the contributor base. Legalizing predominantly young migrant workers and providing incentives for them and their employers to formalize (see below) would increase revenues by about 0.3 percent of GDP. Ensuring longer-term sustainability of social insurances would likely imply tapping general budget resources, which could be expanded with selected measures while avoiding earmarking (see below). Meanwhile, the current draft law to make second-pillar occupational pension plans mandatory would reduce reliance on old-age pensions and increase private savings, which would also help alleviate the sizable current account deficit.

    The authorities envisage the introduction of a VAT while continuing the modernization of the tax authority and improving revenue collection. Given Curaçao’s already significant tax burden and the recent expansion of direct taxation from a pre-pandemic average of 11 percent of GDP to 14 percent of GDP in 2024, plans to design the envisaged VAT reform in a revenue-neutral and equity-enhancing way are welcome. Expanding property taxation on second homes should be prioritized, as well as the purchase and implementation of digital infrastructure to modernize Curaçao’s tax system. Further considerations to introduce a tourism fee (by 2026), end tax holidays on import duties, and adjust permitting fees would lift revenues and contribute to compensating for potential pension increases.

    Further efforts are needed to boost investments and improve government service delivery. While capacity constraints were successfully addressed in the ramp-up of investments in 2024, including by hiring external project managers, capacity in planning and execution must be strengthened further to administer the needed investment increase of 2-3 percent of GDP in the coming years, including via a centralized investment planning unit. Implementing multi-year project budgeting and establishing a transparent procurement system will be critical to improve execution, ensure the efficient allocation of financing resources, and grant space to a gradual inclusion of adaptation investments against damage from sea level rise. Efforts to render health and pension spending as well as goods and services taxation more equitable hinge on improving means-testing and maintaining a state-of-the-art registry for lower-income households.  

    Labor Market Policies to Address Informality and Improve Education

    Informality could be addressed by strengthening incentives for formal work, improving enforcement and monitoring, and tightening eligibility criteria for receiving benefits. Decomposing changes in the formal workforce over the past decade, the strong decline in formal employment was mostly driven by a drop in registered jobs among men, especially in prime working age. Half of this decline cannot be explained by demographics, migration, or unemployment, and is likely attributed to the transition to informality. Tourism and construction sectors offer relatively more opportunities for informal work, making it harder to design the right incentives for formalization. Incentivizing formality, however, is crucial to maintaining government revenues and ensuring social protection for workers, and could be fostered by: facilitating access to education, increasing formal sector productivity, introducing more in-work benefits for workers with incomes between minimum and median wage, and stricter eligibility criteria for monthly assistance, along with strengthening enforcement and monitoring.

    Skill deterioration compounded by population aging is a key drag on long-term potential growth. The 2023 census showed that education levels of new entrants to the labor force are below the level of the pre-retirement cohort, and young employees tend to work in more precarious positions. Ongoing investments in education, in line with landspakket recommendations, including in schools’ physical as well as digital infrastructure, are very welcome. Recent initiatives to attract graduates back to the island, including with tax incentives, and an expedited labor permitting process for high-skill workers are important steps in the right direction. These could be complemented by vocational training to lift the overall skill level and reduce skill mismatches, in line with government’s proposed stimulation package with incentives for employer-led vocational education. Integrating migrants into the workforce would grant them perspectives to grow and invest in their skills.

    Fostering Competitiveness and Diversification

    Bracing for slower growth and mindful of market saturation and the global context, the authorities’ focus is rightly on tourism value added and diversification of source markets. Roads and transportation are among the key bottlenecks of the island, and more public investments are needed to improve the connectivity within the island for tourists to venture out. Public and private investments should also be directed to maritime infrastructure to attract more yacht tourists and move up the tourism value chain. Increasing the number of taxi licenses is welcome and will improve tourist experiences through better mobility. Efforts to tap markets in South America have proven successful, and new flight routes opened from Brazil, Argentina, and Colombia, countries with a large consumer base and rising purchasing power.

    Fostering non-tourism sectors in areas of competitive advantage would help build resilience against global shocks and attract additional investments. Building on recent successful reforms to expedite business permits and promote digitalization, more progress is needed to achieve the authorities’ goals as outlined in the National Export Strategy. Curaçao’s connection to a new submarine cable throughout the Caribbean and Miami from 2027 onwards could help expand the island’s data center industry – conditional on sufficient absorption capacity of the electricity grid and a moderation in electricity prices, which remain among the highest in the region. Planned investments in the grid by Aqualectra would be supported by funding from the Netherlands and provide the basis for lifting renewables electricity production to 70 percent by 2027 from around 50 percent currently. The envisaged floating offshore wind park of 3-10 GW would help cover Curaçao’s entire electricity demand and create new export opportunities, in addition to exploratory investments in other energy sources.

    In the presence of global uncertainty, diversification of trade as well as regional integration are key for mitigating Curaçao’s exposure to external shocks. Curaçao’s imports remain concentrated on advanced markets, providing ample room to expand goods imports from neighboring countries, such as Brazil and Colombia. As a new associate CARICOM member and acknowledging limitation of independent trade policy given Kingdom laws, Curaçao should continue strengthening regional cooperation and trade integration with neighboring states.

    The authorities’ commitment to lower corruption vulnerabilities are welcome. The online gaming law has been approved by parliament in end-2024, an important step towards meeting the landspakket’s rule of law target. Curaçao’s recent accession to the UN Convention Against Corruption and delisting from the EU grey list of non-cooperative jurisdictions, following key legal updates in 2024, is another step in the right direction and opens doors for further international cooperation and bilateral tax treaties, as pursued by the authorities. The mutual evaluations of the AML/CFT frameworks for both Curaçao and Sint Maarten are underway, with results expected to be published in mid-July 2025.

    The Monetary Union of Curaçao and Sint Maarten

    The external balance of the Union is expected to improve, following a mild deterioration in 2024. The Union’s current account deficit widened to around 17 percent of GDP in 2024 driven by higher imports, mainly related to construction on Curaçao, and despite strong growth in tourism receipts. Going forward, stronger travel receipts, moderation in construction-related imports, and an increase in renewables would support a contraction of the Union’s current account deficit towards 10 percent of GDP in the medium term. The deficit will continue to be financed by private investment inflows and decumulation of assets abroad. The stock of international reserves would remain broadly stable and adequate over the medium term. Given still sizable deficits and a sustained real effective exchange rate appreciation, staff’s preliminary assessment suggests that the external position in 2024 was weaker than the level implied by fundamentals and desirable policies in Curaçao and broadly in line in Sint Maarten, albeit subject to high uncertainty given persistent measurement biases. The assessment for the Union is the same as for Curaçao due to its larger size and current account deficits.

    The monetary policy stance is appropriate and continues to support the peg. Following developments in the US, the CBCS cut its benchmark pledging rate by a cumulative 100 basis points in September and November 2024 to 4.75 percent, and has kept it unchanged since then, in line with the pegged exchange rate regime. Transmission to banking sector interest rates continues to be weak, as deposit rates stayed broadly constant throughout the recent tightening and easing cycles, with a mild uptick in late 2023 driven by time deposits, and Union lending rates declined between 2018 and end 2024. Excess liquidity is the key impediment to the transmission, further exacerbated by the absence of interbank and government securities markets.

    With lending rates declining, credit growth has accelerated, entirely driven by mortgages in Curaçao. Mortgage credit in the union, the second highest in the Caribbean, has been growing by double digits in real terms post pandemic, while real overall credit growth has been negative. Driven by Curaçao, mortgages are expected to remain on an upward trajectory, including financing for the construction of second homes and vacation rental apartments. In Sint Maarten, on the contrary, mortgage credit growth turned negative in 2024, possibly reflecting delays in construction projects and cross-border financing on the French side. With the islands’ financial sectors predominantly financing tourism-related activities, credit to non-tourism sectors is declining in real terms.

    The financial sector is broadly sound and systemic risks are contained, but mortgage growth needs to be monitored closely while a macroprudential toolkit is further developed. Banks are well capitalized, among the highest in the region, but both NPLs and provisioning remain weaker than the CBCS early warning signal – and with respect to peers. Liquidity is abundant and has further increased, but the Union’s banks are somewhat less profitable than the Caribbean median and concentration remains high. Closely monitoring mortgage growth to detect overheating in the real estate sector and possible vulnerabilities in household balance sheets should become a priority, in particular given continued data gaps. Overcoming these gaps and further developing a macroprudential toolkit towards the introduction of CCyBs, and thresholds for the loan-to-value and debt-service-to-income ratios are warranted to detect vulnerabilities and ensure timely response to potential shocks. Caps on mortgage credit growth or mortgage loan exposure could be applied should the positive mortgage credit gap widen further.

    The IMF mission would like to thank the authorities for their cooperation and the candid and constructive discussions that took place during June 18-25.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Reah Sy

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    https://www.imf.org/en/News/Articles/2025/07/02/07022025-curacao-staff-concluding-statement-of-the-2025-article-iv

    MIL OSI

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  • MIL-OSI USA: 3 Years of Science: 10 Cosmic Surprises from NASA’s Webb Telescope

    Source: NASA

    Since July 2022, NASA’s James Webb Space Telescope has been unwaveringly focused on our universe. With its unprecedented power to detect and analyze otherwise invisible infrared light, Webb is making observations that were once impossible, changing our view of the cosmos from the most distant galaxies to our own solar system.
    Webb was built with the promise of revolutionizing astronomy, of rewriting the textbooks. And by any measure, it has more than lived up to the hype — exceeding expectations to a degree that scientists had not dared imagine. Since science operations began, Webb has completed more than 860 scientific programs, with one-quarter of its time dedicated to imaging and three-quarters to spectroscopy. In just three years, it has collected nearly 550 terabytes of data, yielding more than 1,600 research papers, with intriguing results too numerous to list and a host of new questions to answer.
    Here are just a few noteworthy examples.

    Webb was specifically designed to observe “cosmic dawn,” a time during the first billion years of the universe when the first stars and galaxies were forming. What we expected to see were a few faint galaxies, hints of what would become the galaxies we see nearby.
    Instead, Webb has revealed surprisingly bright galaxies that developed within 300 million years of the big bang; galaxies with black holes that seem far too massive for their age; and an infant Milky Way-type galaxy that existed when the universe was just 600 million years old. Webb has observed galaxies that already “turned off” and stopped forming stars within a billion years of the big bang, as well as those that developed quickly into modern-looking “grand design” spirals within 1.5 billion years.
    Hundreds of millions of years might not seem quick for a growth spurt, but keep in mind that the universe formed in the big bang roughly 13.8 billion years ago. If you were to cram all of cosmic time into one year, the most distant of these galaxies would have matured within the first couple of weeks, rapidly forming multiple generations of stars and enriching the universe with the elements we see today.

    Webb has revealed a new type of galaxy: a distant population of mysteriously compact, bright, red galaxies dubbed Little Red Dots. What makes Little Red Dots so bright and so red? Are they lit up by dense groupings of unusually bright stars or by gas spiraling into a supermassive black hole, or both? And whatever happened to them? Little Red Dots seem to have appeared in the universe around 600 million years after the big bang (13.2 billion years ago), and rapidly declined in number less than a billion years later. Did they evolve into something else? If so, how? Webb is probing Little Red Dots in more detail to answer these questions.

    How fast is the universe expanding? It’s hard to say because different ways of calculating the current expansion rate yield different results — a dilemma known as the Hubble Tension. Are these differences just a result of measurement errors, or is there something weird going on in the universe? So far, Webb data indicates that the Hubble Tension is not caused by measurement errors. Webb was able to distinguish pulsating stars from nearby stars in a crowded field, ensuring that the measurements weren’t contaminated by extra light. Webb also discovered a distant, gravitationally lensed supernova whose image appears in three different locations and at three different times during its explosion. Calculating the expansion rate based on the brightness of the supernova at these three different times provides an independent check on measurements made using other techniques. Until the matter of the Hubble Tension is settled, Webb will continue measuring different objects and exploring new methods.

    While NASA’s Hubble Space Telescope made the first detection of gases in the atmosphere of a gas giant exoplanet (a planet outside our solar system), Webb has taken studies to an entirely new level. Webb has revealed a rich cocktail of chemicals, including hydrogen sulfide, ammonia, carbon dioxide, methane, and sulfur dioxide — none of which had been clearly detected in an atmosphere outside our solar system before. Webb has also been able to examine exotic climates of gas giants as never before, detecting flakes of silica “snow” in the skies of the puffy, searing-hot gas giant WASP-17 b, for example, and measuring differences in temperature and cloud cover between the permanent morning and evening skies of WASP-39 b.

    Detecting, let alone analyzing, a thin layer of gas surrounding a small rocky planet is no easy feat, but Webb’s extraordinary ability to measure extremely subtle changes in the brightness of infrared light makes it possible. So far, Webb has been able to rule out significant atmosphere on a number of rocky planets, and has found tantalizing signs of carbon monoxide or carbon dioxide on 55 Cancri e, a lava world that orbits a Sun-like star. With findings like these, Webb is laying the groundwork for NASA’s future Habitable Worlds Observatory, which will be the first mission purpose-built to directly image and search for life on Earth-like planets around Sun-like stars.

    We already knew that galaxies are collections of stars, planets, dust, gas, dark matter, and black holes: cosmic cities where stars form, live, die, and are recycled into the next generation. But we had never been able to see the structure of a galaxy and the interactions between stars and their environment in such detail. Webb’s infrared vision reveals filaments of dust that trace the spiral arms, old star clusters that make up galactic cores, newly forming stars still encased in dense cocoons of glowing dust and gas, and clusters of hot young stars carving enormous cavities in the dust. It also elucidates how stellar winds and explosions actively reshape their galactic homes.

    Brown dwarfs form like stars, but are not dense or hot enough to fuse hydrogen in their cores like stars do. Rogue planets form like other planets, but have been ejected from their system and no longer orbit a star. Webb has spotted hundreds of brown-dwarf-like objects in the Milky Way, and has even detected some candidates in a neighboring galaxy. But some of these objects are so small — just a few times the mass of Jupiter — that it is hard to figure out how they formed. Are they free-floating gas giant planets instead? What is the least amount of material needed to form a brown dwarf or a star? We’re not sure yet, but thanks to three years of Webb observations, we now know there is a continuum of objects from planets to brown dwarfs to stars.

    When a star like our Sun dies, it swells up to form a red giant large enough to engulf nearby planets. It then sheds its outer layers, leaving behind a super-hot core known as a white dwarf. Is there a safe distance that planets can survive this process? Webb might have found some planets orbiting white dwarfs. If these candidates are confirmed, it would mean that it is possible for planets to survive the death of their star, remaining in orbit around the slowly cooling stellar ember.

    Among the icy “ocean worlds” of our solar system, Saturn’s moon Enceladus might be the most intriguing. NASA’s Cassini mission first detected water plumes coming out of its southern pole. But only Webb could reveal the plume’s true scale as a vast cloud spanning more than 6,000 miles, about 20 times wider than Enceladus itself. This water spreads out into a donut-shaped torus encircling Saturn beyond the rings that are visible in backyard telescopes. While a fraction of the water stays in that ring, the majority of it spreads throughout the Saturnian system, even raining down onto the planet itself. Webb’s unique observations of rings, auroras, clouds, winds, ices, gases, and other materials and phenomena in the solar system are helping us better understand what our cosmic neighborhood is made of and how it has changed over time.

    [embedded content]
    A combination of images and spectra captured by NASA’s James Webb Space Telescope show a giant plume of water jetting out from the south pole of Saturn’s moon Enceladus, creating a donut-shaped ring of water around the planet.Credit: NASA, ESA, CSA, G. Villanueva (NASA’s Goddard Space Flight Center), A. Pagan (STScI), L. Hustak (STScI)

    In 2024 astronomers discovered an asteroid that, based on preliminary calculations, had a chance of hitting Earth. Such potentially hazardous asteroids become an immediate focus of attention, and Webb was uniquely able to measure the object, which turned out to be the size of a 15-story building. While this particular asteroid is no longer considered a threat to Earth, the study demonstrated Webb’s ability to assess the hazard.
    Webb also provided support for NASA’s Double Asteroid Redirection Test (DART) mission, which deliberately smashed into the Didymos binary asteroid system, showing that a planned impact could deflect an asteroid on a collision course with Earth. Both Webb and Hubble observed the impact, serving witness to the resulting spray of material that was ejected. Webb’s spectroscopic observations of the system confirmed that the composition of the asteroids is probably typical of those that could threaten Earth.
    —-
    In just three years of operations, Webb has brought the distant universe into focus, revealing unexpectedly bright and numerous galaxies. It has unveiled new stars in their dusty cocoons, remains of exploded stars, and skeletons of entire galaxies. It has studied weather on gas giants, and hunted for atmospheres on rocky planets. And it has provided new insights into the residents of our own solar system.
    But this is only the beginning. Engineers estimate that Webb has enough fuel to continue observing for at least 20 more years, giving us the opportunity to answer additional questions, pursue new mysteries, and put together more pieces of the cosmic puzzle.
    For example: What were the very first stars like? Did stars form differently in the early universe? Do we even know how galaxies form? How do stars, dust, and supermassive black holes affect each other? What can merging galaxy clusters tell us about the nature of dark matter? How do collisions, bursts of stellar radiation, and migration of icy pebbles affect planet-forming disks? Can atmospheres survive on rocky worlds orbiting active red dwarf stars? Is Uranus’s moon Ariel an ocean world?
    As with any scientific endeavor, every answer raises more questions, and Webb has shown that its investigative power is unmatched. Demand for observing time on Webb is at an all-time high, greater than any other telescope in history, on the ground or in space. What new findings await?
    By Dr. Macarena Garcia Marin and Margaret W. Carruthers, Space Telescope Science Institute, Baltimore, Maryland

    Laura Betz – laura.e.betz@nasa.govNASA’s Goddard Space Flight Center, Greenbelt, Md.
    Christine Pulliam – cpulliam@stsci.eduSpace Telescope Science Institute, Baltimore, Md.

    More Webb News
    More Webb Images
    Webb Science Themes
    Webb Mission Page

    What is the Webb Telescope?
    SpacePlace for Kids
    En Español
    Ciencia de la NASA
    NASA en español 
    Space Place para niños

    MIL OSI USA News

  • MIL-OSI USA: 3 Years of Science: 10 Cosmic Surprises from NASA’s Webb Telescope

    Source: NASA

    Since July 2022, NASA’s James Webb Space Telescope has been unwaveringly focused on our universe. With its unprecedented power to detect and analyze otherwise invisible infrared light, Webb is making observations that were once impossible, changing our view of the cosmos from the most distant galaxies to our own solar system.
    Webb was built with the promise of revolutionizing astronomy, of rewriting the textbooks. And by any measure, it has more than lived up to the hype — exceeding expectations to a degree that scientists had not dared imagine. Since science operations began, Webb has completed more than 860 scientific programs, with one-quarter of its time dedicated to imaging and three-quarters to spectroscopy. In just three years, it has collected nearly 550 terabytes of data, yielding more than 1,600 research papers, with intriguing results too numerous to list and a host of new questions to answer.
    Here are just a few noteworthy examples.

    Webb was specifically designed to observe “cosmic dawn,” a time during the first billion years of the universe when the first stars and galaxies were forming. What we expected to see were a few faint galaxies, hints of what would become the galaxies we see nearby.
    Instead, Webb has revealed surprisingly bright galaxies that developed within 300 million years of the big bang; galaxies with black holes that seem far too massive for their age; and an infant Milky Way-type galaxy that existed when the universe was just 600 million years old. Webb has observed galaxies that already “turned off” and stopped forming stars within a billion years of the big bang, as well as those that developed quickly into modern-looking “grand design” spirals within 1.5 billion years.
    Hundreds of millions of years might not seem quick for a growth spurt, but keep in mind that the universe formed in the big bang roughly 13.8 billion years ago. If you were to cram all of cosmic time into one year, the most distant of these galaxies would have matured within the first couple of weeks, rapidly forming multiple generations of stars and enriching the universe with the elements we see today.

    Webb has revealed a new type of galaxy: a distant population of mysteriously compact, bright, red galaxies dubbed Little Red Dots. What makes Little Red Dots so bright and so red? Are they lit up by dense groupings of unusually bright stars or by gas spiraling into a supermassive black hole, or both? And whatever happened to them? Little Red Dots seem to have appeared in the universe around 600 million years after the big bang (13.2 billion years ago), and rapidly declined in number less than a billion years later. Did they evolve into something else? If so, how? Webb is probing Little Red Dots in more detail to answer these questions.

    How fast is the universe expanding? It’s hard to say because different ways of calculating the current expansion rate yield different results — a dilemma known as the Hubble Tension. Are these differences just a result of measurement errors, or is there something weird going on in the universe? So far, Webb data indicates that the Hubble Tension is not caused by measurement errors. Webb was able to distinguish pulsating stars from nearby stars in a crowded field, ensuring that the measurements weren’t contaminated by extra light. Webb also discovered a distant, gravitationally lensed supernova whose image appears in three different locations and at three different times during its explosion. Calculating the expansion rate based on the brightness of the supernova at these three different times provides an independent check on measurements made using other techniques. Until the matter of the Hubble Tension is settled, Webb will continue measuring different objects and exploring new methods.

    While NASA’s Hubble Space Telescope made the first detection of gases in the atmosphere of a gas giant exoplanet (a planet outside our solar system), Webb has taken studies to an entirely new level. Webb has revealed a rich cocktail of chemicals, including hydrogen sulfide, ammonia, carbon dioxide, methane, and sulfur dioxide — none of which had been clearly detected in an atmosphere outside our solar system before. Webb has also been able to examine exotic climates of gas giants as never before, detecting flakes of silica “snow” in the skies of the puffy, searing-hot gas giant WASP-17 b, for example, and measuring differences in temperature and cloud cover between the permanent morning and evening skies of WASP-39 b.

    Detecting, let alone analyzing, a thin layer of gas surrounding a small rocky planet is no easy feat, but Webb’s extraordinary ability to measure extremely subtle changes in the brightness of infrared light makes it possible. So far, Webb has been able to rule out significant atmosphere on a number of rocky planets, and has found tantalizing signs of carbon monoxide or carbon dioxide on 55 Cancri e, a lava world that orbits a Sun-like star. With findings like these, Webb is laying the groundwork for NASA’s future Habitable Worlds Observatory, which will be the first mission purpose-built to directly image and search for life on Earth-like planets around Sun-like stars.

    We already knew that galaxies are collections of stars, planets, dust, gas, dark matter, and black holes: cosmic cities where stars form, live, die, and are recycled into the next generation. But we had never been able to see the structure of a galaxy and the interactions between stars and their environment in such detail. Webb’s infrared vision reveals filaments of dust that trace the spiral arms, old star clusters that make up galactic cores, newly forming stars still encased in dense cocoons of glowing dust and gas, and clusters of hot young stars carving enormous cavities in the dust. It also elucidates how stellar winds and explosions actively reshape their galactic homes.

    Brown dwarfs form like stars, but are not dense or hot enough to fuse hydrogen in their cores like stars do. Rogue planets form like other planets, but have been ejected from their system and no longer orbit a star. Webb has spotted hundreds of brown-dwarf-like objects in the Milky Way, and has even detected some candidates in a neighboring galaxy. But some of these objects are so small — just a few times the mass of Jupiter — that it is hard to figure out how they formed. Are they free-floating gas giant planets instead? What is the least amount of material needed to form a brown dwarf or a star? We’re not sure yet, but thanks to three years of Webb observations, we now know there is a continuum of objects from planets to brown dwarfs to stars.

    When a star like our Sun dies, it swells up to form a red giant large enough to engulf nearby planets. It then sheds its outer layers, leaving behind a super-hot core known as a white dwarf. Is there a safe distance that planets can survive this process? Webb might have found some planets orbiting white dwarfs. If these candidates are confirmed, it would mean that it is possible for planets to survive the death of their star, remaining in orbit around the slowly cooling stellar ember.

    Among the icy “ocean worlds” of our solar system, Saturn’s moon Enceladus might be the most intriguing. NASA’s Cassini mission first detected water plumes coming out of its southern pole. But only Webb could reveal the plume’s true scale as a vast cloud spanning more than 6,000 miles, about 20 times wider than Enceladus itself. This water spreads out into a donut-shaped torus encircling Saturn beyond the rings that are visible in backyard telescopes. While a fraction of the water stays in that ring, the majority of it spreads throughout the Saturnian system, even raining down onto the planet itself. Webb’s unique observations of rings, auroras, clouds, winds, ices, gases, and other materials and phenomena in the solar system are helping us better understand what our cosmic neighborhood is made of and how it has changed over time.

    [embedded content]
    A combination of images and spectra captured by NASA’s James Webb Space Telescope show a giant plume of water jetting out from the south pole of Saturn’s moon Enceladus, creating a donut-shaped ring of water around the planet.Credit: NASA, ESA, CSA, G. Villanueva (NASA’s Goddard Space Flight Center), A. Pagan (STScI), L. Hustak (STScI)

    In 2024 astronomers discovered an asteroid that, based on preliminary calculations, had a chance of hitting Earth. Such potentially hazardous asteroids become an immediate focus of attention, and Webb was uniquely able to measure the object, which turned out to be the size of a 15-story building. While this particular asteroid is no longer considered a threat to Earth, the study demonstrated Webb’s ability to assess the hazard.
    Webb also provided support for NASA’s Double Asteroid Redirection Test (DART) mission, which deliberately smashed into the Didymos binary asteroid system, showing that a planned impact could deflect an asteroid on a collision course with Earth. Both Webb and Hubble observed the impact, serving witness to the resulting spray of material that was ejected. Webb’s spectroscopic observations of the system confirmed that the composition of the asteroids is probably typical of those that could threaten Earth.
    —-
    In just three years of operations, Webb has brought the distant universe into focus, revealing unexpectedly bright and numerous galaxies. It has unveiled new stars in their dusty cocoons, remains of exploded stars, and skeletons of entire galaxies. It has studied weather on gas giants, and hunted for atmospheres on rocky planets. And it has provided new insights into the residents of our own solar system.
    But this is only the beginning. Engineers estimate that Webb has enough fuel to continue observing for at least 20 more years, giving us the opportunity to answer additional questions, pursue new mysteries, and put together more pieces of the cosmic puzzle.
    For example: What were the very first stars like? Did stars form differently in the early universe? Do we even know how galaxies form? How do stars, dust, and supermassive black holes affect each other? What can merging galaxy clusters tell us about the nature of dark matter? How do collisions, bursts of stellar radiation, and migration of icy pebbles affect planet-forming disks? Can atmospheres survive on rocky worlds orbiting active red dwarf stars? Is Uranus’s moon Ariel an ocean world?
    As with any scientific endeavor, every answer raises more questions, and Webb has shown that its investigative power is unmatched. Demand for observing time on Webb is at an all-time high, greater than any other telescope in history, on the ground or in space. What new findings await?
    By Dr. Macarena Garcia Marin and Margaret W. Carruthers, Space Telescope Science Institute, Baltimore, Maryland

    Laura Betz – laura.e.betz@nasa.govNASA’s Goddard Space Flight Center, Greenbelt, Md.
    Christine Pulliam – cpulliam@stsci.eduSpace Telescope Science Institute, Baltimore, Md.

    More Webb News
    More Webb Images
    Webb Science Themes
    Webb Mission Page

    What is the Webb Telescope?
    SpacePlace for Kids
    En Español
    Ciencia de la NASA
    NASA en español 
    Space Place para niños

    MIL OSI USA News

  • MIL-OSI Europe: Written question – Climate impact of hydrogen leakage – E-002566/2025

    Source: European Parliament

    Question for written answer  E-002566/2025
    to the Commission
    Rule 144
    Sara Matthieu (Verts/ALE)

    Given the prominent role envisaged for clean hydrogen in the EU’s decarbonisation agenda, questions around its full climate impact must be assessed urgently.

    There is strong scientific consensus that hydrogen’s global warming potential (GWP) is significantly higher than previously reported by the IPCC and referenced in current EU legislation. In addition, recent scientific research, including EU-funded projects and independent campaigns, will provide new evidence such as direct measurement and quantification of hydrogen emissions.

    Article 9(6) of the Gas Market Directive[1] mandates the Commission to submit a report evaluating hydrogen leakage and proposing maximum leakage rates, but it does not specify a publication timeline. Given the rapid pace of hydrogen infrastructure development and the investment decisions being made now, this regulatory gap poses immediate risks to achieving EU climate objectives.

    In light of this:

    • 1.Can the Commission agree that it is both feasible and critically important to submit the report on hydrogen leakage, and if so, what specific steps will the Commission take to ensure it is submitted before 2028?
    • 2.Does the Commission acknowledge the scientific consensus regarding hydrogen’s GWP and will this updated understanding inform upcoming legislative initiatives, including the upcoming delegated act on low-carbon hydrogen?

    Submitted: 25.6.2025

    • [1] Directive (EU) 2024/1788 of the European Parliament and of the Council of 13 June 2024 on common rules for the internal markets for renewable gas, natural gas and hydrogen, amending Directive (EU) 2023/1791 and repealing Directive 2009/73/EC (OJ L, 2024/1788, 15.7.2024, ELI: http://data.europa.eu/eli/dir/2024/1788/oj).
    Last updated: 2 July 2025

    MIL OSI Europe News

  • MIL-OSI Africa: Namibia Gears Up for Energy Transformation – Deputy Prime Minister (PM) to Speak at African Energy Week (AEW) 2025

    African Energy Week (AEW) 2025: Invest in African Energies welcomes Natangwe Paulus Ithete, Namibia’s newly appointed Deputy Prime Minister and Minister of Industrialization, Mines and Energy, as a featured speaker at this year’s edition, taking place from September 29 to October 3 in Cape Town. Minister Ithete’s confirmation comes at a defining moment for Namibia’s energy sector, as the country accelerates large-scale investments in hydrocarbons, renewables and industrial infrastructure.

    Appointed in March 2025 as part of President Netumbo Nandi-Ndaitwah’s new administration, Minister Ithete steps into his role amid a surge of high-impact activity across Namibia’s energy landscape. The country has captured international attention following a string of offshore oil discoveries by Shell, TotalEnergies and Galp, positioning Namibia as one of the world’s most promising new petroleum frontiers. Since Minister Ithete took office, momentum has only accelerated: TotalEnergies is expected to submit a development plan for its giant Venus discovery by July 2025, targeting a final investment decision next year for what could become Namibia’s first major offshore oil development. Galp confirmed a significant light oil find at its Mopane-3X well in February, while Rhino Resources struck oil at the Capricornus-1X well in April. Chevron is advancing plans to drill a new exploration well in the Walvis Basin, and Namibia is expanding licensing opportunities through its open-door system introduced last year. These developments are backed by government efforts to streamline fiscal terms, de-risk investment and solidify Namibia’s position as one of the most dynamic and closely watched frontiers in global oil and gas.

    In parallel, the government has reaffirmed its commitment to scaling up renewable energy and positioning Namibia as a green hydrogen hub for the region. The $10-billion Hyphen Hydrogen Energy project, which aims to produce green ammonia for export from the Tsau //Khaeb National Park, is progressing steadily, backed by international partners including the EU and Germany. Namibia’s renewables strategy has also attracted global developers to solar and wind projects across the country, contributing to regional energy security and industrial expansion.

    Minister Ithete has moved swiftly to align policy with these opportunities. In his first few months in office, he outlined the government’s intention to streamline regulatory processes, accelerate infrastructure development and strengthen fiscal and legal frameworks for investment. Speaking at the Namibia International Energy Conference in April, he emphasized the importance of building an enabling environment for energy companies, while ensuring that Namibians benefit meaningfully from the country’s natural resource wealth.

    These priorities are reinforced by Namibia’s broader industrialization agenda. In May, Minister Ithete introduced a NAD 637.5 million budget to support industrial growth and renewable energy expansion. The funding targets the development of value-added industries, energy infrastructure and technical capacity across key sectors, forming part of a longer-term strategy to move beyond resource extraction and into domestic processing and export-led industrialization.

    “Namibia’s transformation from a frontier market to a serious energy and industrial contender has been nothing short of remarkable,” states NJ Ayuk, Executive Chairman of the African Energy Chamber. “The appointment of Minister Natangwe Ithete reflects a strong political commitment to getting the fundamentals right – from regulatory clarity to infrastructure and local content. His leadership brings new energy to Namibia’s vision for growth, and we look forward to welcoming him at AEW 2025.”

    With a growing number of bilateral and commercial partnerships underway – including recent cooperation talks with China on energy and industrial development – Namibia is rapidly emerging as one of Africa’s most dynamic energy investment destinations. The country is pursuing a holistic approach that leverages its oil and gas potential, renewable resources and strategic geographic location to become a regional supply hub and industrial center.

    Distributed by APO Group on behalf of African Energy Chamber.

    About AEW: Invest in African Energies:
    AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event.

    MIL OSI Africa

  • MIL-OSI Africa: The European Union (EU) Accelerates Mining Investments Across Africa in H1 2025


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    The EU has increased financial and technical support for Africa’s mining sector in the first half of 2025, aligning its foreign investment strategy with the continent’s agenda to shape the global energy transition. In June this year, the EU named four Africa-bsed projects as part of its 13 globally strategic initiatives under the Critical Raw Materials Act. The projects include Mkango Resources’ 8,425-ton-per-annum Songwe Hill Rare Earths Project in Malawi and Frontier Rare Earths’ 4,000-ton-per-annum Zandkopsdrift magnet-grade rare earths project in South Africa. The Maniry Graphite Project in Madagascar led by Evion Group and a 6,000-ton-per-annum cobalt refinery in Zambia are also among the projects set to receive EU financial support and technical assistance.

    Amid increased EU support for African mining projects, the upcoming African Mining Week – Africa’s premier gathering for mining stakeholders, taking place from October 1–3, 2025 in Cape Town – will showcase lucrative investment and cooperation opportunities for EU companies in Africa’s burgeoning mining sector. The event will feature an EU-Africa Roundtable, showcasing the EU’s contribution to Africa’s mining sector sustainability.

    EU-DRC Mining Partnership Strengthened

    Two new programs announced by the EU this June have deepened the bloc’s mining partnership with the Democratic Republic of Congo (DRC) – the world’s top cobalt producer and Africa’s largest copper producer. The programs include the Cobalt for Development project which aims to formalize and uplift small-scale mining operations in the DRC. Meanwhile, the upcoming Panafgeo+ geological mapping program – led by France’s Bureau of Geological and Mining Research in collaboration with DRC’s Ministry of Mines – will enhance the country’s geological knowledge base. At AMW, a panel titled The Cobalt Opportunity: DRC’s Strategic Position in the EV Revolution will unpack trends and opportunities within the DRC’s cobalt sector value chain.

    EU Backs African Mineral Logistics Expansion

    The EU is also backing strategic infrastructure development to facilitate connectivity between mineral-rich African markets and EU buyers. The Africa Finance Corporation recently secured a €250 million, 10-year loan from Italy’s development bank Cassa Depositi e Prestiti to advance the Lobito Corridor, bolstering connectivity between EU markets and Angola, Zambia and the DRC. Meanwhile, the European Investment Bank has also approved a €113 million loan to co-finance the expansion of Mauritania’s iron ore rail line linking Zouérat to Nouadhibou – part of a broader €461 million investment aimed at boosting the country’s iron ore export capacity.

    EU-South Africa Partnership

    The EU recently announced a €4.7 billion financing package announced to support mineral processing, green hydrogen and transport infrastructure in South Africa, the world’s largest producer of platinum group metals. This financing package reflects a growing focus on securing diversified and sustainable mineral supply chains. At AMW, a dedicated panel exploring South Africa’s PGMs market will showcase emerging prospects for EU firms within the country’s value chain.

    Growing Support for Formalized Artisanal Mining

    The EU has also committed to the ACP-EU Technical Assistance Facility for Commodity Resource Management, which was launched in February to support artisanal and small-scale miners across Africa through formalization and training program. As part of growing efforts by African nations and international partners to uplift small-scale miners, AMW will host a panel discussion titled ASM Regulation: Balancing Formalization and Livelihood Protection. The panel will explore policies and initiatives aimed at integrating artisanal and small-scale mining into the formal mining sector.

    Distributed by APO Group on behalf of Energy Capital & Power.

    About African Mining Week:
    African Mining Week serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.

    MIL OSI Africa

  • MIL-OSI Economics: 1 July 2025 Sakhalin Region to appear at EEF Far East Street as Asia-Pacific energy and logistics hub Sakhalin Region will again participate in the Far East Street exhibition, scheduled to take place on 3–9 September as part of the 2025 Eastern Economic Forum in Vladivostok. The exhibition is being organized by the Roscongress Foundation with the support of the Office of the Presidential Plenipotentiary Envoy to the Far Eastern Federal District. The country’s only island region will present major investment and social projects, share its unique history and culture, and touch on the development of unmanned aviation.

    Source: Eastern Economic Forum

    1 July 2025

    Sakhalin Region to appear at EEF Far East Street as Asia-Pacific energy and logistics hub

    Sakhalin Region will again participate in the Far East Street exhibition, scheduled to take place on 3–9 September as part of the 2025 Eastern Economic Forum in Vladivostok. The exhibition is being organized by the Roscongress Foundation with the support of the Office of the Presidential Plenipotentiary Envoy to the Far Eastern Federal District. The country’s only island region will present major investment and social projects, share its unique history and culture, and touch on the development of unmanned aviation.

    “Sakhalin Region is one of the Far East’s investment leaders. It ranks fourth on the National Investment Climate Rating and first out of the constituent entities of the Far Eastern Federal District. The manufacturing, coal, and construction industries are all growing. Awaiting entrepreneurs are TAD and free port benefits and preferential treatment in the Kurils. Science and technology are booming in the region. The President has ordered that an international campus be created. An engineering school and electrical engineering laboratory are currently in operation, the first phase of the Oil and Gas Industrial Park has been launched, and a scientific and production centre for the development of unmanned systems established, all contributing to new production facilities, new talent, and train for a new generation of specialists. The local master plan is reinventing Yuzhno-Sakhalinsk. There’s no denying there is much to showcase and be proud of in the region,” Deputy Prime Minister of the Russian Federation and Plenipotentiary Presidential Envoy to the Far Eastern Federal District Yury Trutnev said.

    The Sakhalin Region’s main pavilion on Far East Street, located next to the investor pavilion in the shape of a scallop shell, will take the form of waves and be decorated with installations related to logistics: a hydrogen train, a UAV, an aircraft, and the port of Korsakov.

    “The EEF has long played an important role in Sakhalin Region’s economic development. We have signed more than 60 agreements here in the past five years, good for some 5,700 jobs, and launched important projects in energy, transport, and education, modernizing the power grid, developing hydrogen energy, spreading gas throughout the region, modernizing port infrastructure, building medical clinics, and developing science as part of the construction of the SakhalinTech campus. It is important to us that Sakhalin and the Kuril Islands become more comfortable and that people want to visit and live here, a goal we will continue to pursue in the future,” Governor of the Sakhalin Region Valery Limarenko said.

    Inside the pavilion, there will be an installation dedicated to the 80th anniversary of Victory in the Great Patriotic War, with the exhibition ‘Roads to Victory’ telling the story of the Battle of Sakhalin and the Landing on Shumshu and a film about the expedition to the island and videos reconstructing battles in the Kholmsky and Smirnykhovsky.

    “The President of the Russian Federation has tasked us with creating a memorial complex on Shumshu, one the islands of the Kuril chain, dedicated to the Kuril landing operation, which essentially marked the end of World War II and the defeat of the Kwantung Army. Our soldiers defeated superior forces, demonstrated outstanding heroism, parachuted into the water fully equipped, and attacked tanks and firing points located on high ground. It is one of the most significant pages in our history,” Trutnev said.

    The Tourism zone will feature new historical tours like ‘The Battle of Shumshu’ and ‘The Liberation of Southern Sakhalin’, winter and summer holidays, culinary tours, and the ‘Far East – Land of Adventure’ project.

    The Sakhalin – Russian Showcase zone will feature important projects like the agglomeration master plan and regional development in medicine, science and education, logistics, culture, and the urban environment.

    Another zone has been dedicated to the results of the Sakhalin Region Development Corporation’s work over the last decade and will use multimedia technologies, among others, to report on initiatives by the Mersi Agro Sakhalin livestock complex, the Horizon residential complex, the Uyun territory development project, the agro-park, and the oil service park.

    The UAV and USV zone will showcase the island’s efforts to lead the development of unmanned systems in Russia, with a separate exhibition promoting Sakhalin’s achievements in the field.

    There are plans to host three international forums in Sakhalin Region in 2025: ‘Wings of Sakhalin’, ‘Energy of Sakhalin’, and ‘Islands of Sustainable Development: Climate’ at the new Pushisty Drone Port. The Sakhalin Expo exhibition will be dedicated to the development of congress and exhibition activities in the region.

    The main pavilion will be located next to the ‘Made in Sakhalin’ stand, which will showcase regional clothing, jewellery, souvenir, food, and health brands as well as achievements in the film industry and computer graphics. The pavilion will incorporate works by Sakhalin photographers and musicians into its design and feature a variety of murals, including an image of the Aniva lighthouse, the unofficial symbol of the region.

    The art installation ‘Happy Motherhood’ will symbolize family values in honour of 2025 as the Year of Happy Motherhood on the islands and the focus of the regional government’s social policy on demographic issues and the conditions necessary for women to be mothers without having to sacrifice their careers or their families.

    This year’s cultural programme from the Sakhalin Region will seek to promote local authors and musicians, with songs by Sakhalin composer and poet Georgy Zobov to be performed by artists from the Stage Academy and accompanied by the Aritmia dance studio and Dreambox band. Guests can look forward to performances by the duo Vishnya, who will present a combination of electronic music, songs, and ethnic music, the Larisa Dolina Academy of Pop Music ensemble, which will perform cover versions of well-known Russian hits, and stilt walkers from the 2233 theatre studio.

    A regional delegation will present a series of unique performances entitled ‘Sea Meditation’. Over the course of three days, Sakhalin artist Konstantin Kolupaev will employ his own unique technique to create paintings dedicated to the beauty and power of nature on a huge canvas as viewers observe the master at work.

    The Sakhalin Region sports programme will feature an interactive VR platform, where visitors can try their hand at downhill skiing, ski jumping, or parachuting, and the Beat the Champion chess platform.

    The Eastern Economic Forum will be held on the campus of the Far Eastern Federal University in Vladivostok from 3–6 September, during which time the Far East Street exhibition will be open to Forum participants, before opening to the general public on 7, 8, and 9 September. The Eastern Economic Forum is being organized by the Roscongress Foundation.

    Read more

    MIL OSI Economics

  • MIL-OSI China: Intermodal land-sea cargo route connects China’s landlocked west to South America

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

    Intermodal land-sea cargo route connects China’s landlocked west to South America

    An aerial drone photo shows a view of a dock operation area at Chancay Port, Peru, on June 21, 2024. [Photo/Xinhua]

    CHONGQING, July 2 — A cargo train loaded with 84 TEU of complete vehicles departed from southwest China’s Chongqing Municipality on Monday. These vehicles will travel through the New International Land-Sea Trade Corridor to reach a Chinese port, and then board an ocean-going vessel bound for Chancay Port in Peru.

    This marks the first time the New International Land-Sea Trade Corridor has connected to Chancay Port. The cargo train will reach Beibu Gulf Port in south China’s Guangxi Zhuang Autonomous Region, and the vehicles will sail from there.

    As an important project under the Belt and Road Initiative (BRI), the New International Land-Sea Trade Corridor has been playing a key role in connecting landlocked western China to global markets.

    An aerial drone photo taken on April 14, 2025 shows hydrogen-powered heavy-duty trucks awaiting departure from the dry port of the New International Land-Sea Trade Corridor in Chongqing, southwest China. [Photo/Xinhua]

    MIL OSI China News

  • MIL-OSI: NR7 Miner Unveils AI-Driven XRP Cloud Mining for Passive Income: A Sustainable, Multi-Asset Solution for Global Investors

    Source: GlobeNewswire (MIL-OSI)

    Norfolk, UK, July 02, 2025 (GLOBE NEWSWIRE) — As the demand for sustainable income in the crypto market grows, NR7 Miner has announced the launch of its upgraded AI-driven cloud mining platform, centered around XRP and other major cryptocurrencies. This new rollout empowers users to earn passive income daily, with zero technical setup, 100% clean energy, and an intelligent mining engine that automatically shifts power to the most profitable digital assets.

    The platform supports multi-asset mining, allowing users to mine XRP, BTC, DOGE, ETH, LTC, and SOL with a single deposit. Whether you’re a beginner or a seasoned investor, NR7 Miner’s AI-enhanced model makes crypto mining as easy as signing up and choosing a plan, no mining rigs, noise, or maintenance required.

    Why NR7 Miner’s AI-Powered Mining Is the Future of Passive Crypto Income

    Unlike static cloud mining contracts that lock users into one coin or fixed terms, NR7 Miner’s intelligent engine uses real-time data to reallocate mining power across multiple assets. This ensures users always mine the most rewarding coins based on market price, mining difficulty, and energy efficiency.

    “We built NR7 Miner to give anyone, anywhere in the world, a smarter, cleaner, and more stable way to earn passive crypto income,” said the company’s CEO.

    “By combining multi-coin mining with renewable energy and AI-powered optimization, we’re opening the door to sustainable wealth generation.”

    Key Features of NR7 Miner’s New Platform:

    Multi-Asset Mining, Earn across XRP, BTC, DOGE, ETH, LTC, and SOL with one deposit

    AI Optimization Engine, adjusts power in real time based on market profitability

    Eco-Friendly Infrastructure, 100% powered by solar, wind, geothermal, and hydrogen

    Beginner-Friendly, start mining with as little as $10 and get a $12 welcome bonus

    Daily Rewards, Profits are automatically deposited and available for withdrawal

    No Hardware Needed, completely cloud-based; no tech skills required.

    Passive Income Aligned with Market Momentum:

    The launch of NR7 Miner’s XRP-focused mining comes at a time when market optimism around XRP continues to build. Following key regulatory developments and speculation of a future XRP ETF, crypto investors are seeking low-risk ways to gain exposure to the asset, without the volatility of direct trading.

    “This isn’t just mining, it’s smart wealth building,” said NR7 Miner’s Chief Market Strategist.

    “Our users don’t need to worry about the market swings. Our platform adjusts automatically, so they’re always positioned for the best possible return.”

    Mining Contracts:

    $100 Plan – 2-Days Term – Earn ~$3.5 per day

    $500 Plan – 5-Days Term – Earn ~$6.25 per day

    $1200 Plan – 10-Days Term – Earn ~$15.96 per day

    $3,000 Plan – 20-Days Term – Earn ~$42.3 per day

    $5,000 Plan – 30-Days Term – Earn ~$76 per day

    $8,000 Plan – 40-Days Term – Earn ~$130.4 per day

    $25,000 Plan – 50-Days Term – Earn ~$455 per day

    $50,000 Plan – 45-Days Term – Earn ~$990 per day

    $100,000 Plan – 45-Days Term – Earn ~$2100 per day

    $150’000 Plan – 30-Days Term – Earn ~$3675 per day

    Each plan offers guaranteed daily payouts, with the full principal returned upon maturity. Users can withdraw their profits at any time during the term.

    Global Reach Backed by Green Energy:

    Founded in 2020 and based in the UK, NR7 Miner now powers more than 100 cloud mining farms using 100% renewable energy. With over 8 million users across 100+ countries, the company’s platform is trusted by individuals, institutions, and crypto newcomers alike. Its affiliate program offers rewards up to $25,000, and customer support is available 24/7 in multiple languages.

    Get Started in 3 Easy Steps:

    Sign Up: Create your account and claim a $12 bonus

    Choose a Plan: Select your preferred contract and tern

    Start Earning: Let NR7 Miner’s AI engine mine on your behalf, automatically

    About NR7 Miner:

    NR7 Miner is a global leader in AI-powered, eco-friendly cloud mining solutions. The company enables users to mine XRP, BTC, DOGE, ETH, LTC, and SOL without the need for technical expertise or expensive equipment. With a focus on transparency, sustainability, and passive income generation, NR7 Miner helps users around the world unlock crypto profits the smart way.

    Website: https://nr7miner.com

    Email: info@nr7miner.com

    Attachment

    The MIL Network

  • MIL-OSI: NR7 Miner Unveils AI-Driven XRP Cloud Mining for Passive Income: A Sustainable, Multi-Asset Solution for Global Investors

    Source: GlobeNewswire (MIL-OSI)

    Norfolk, UK, July 02, 2025 (GLOBE NEWSWIRE) — As the demand for sustainable income in the crypto market grows, NR7 Miner has announced the launch of its upgraded AI-driven cloud mining platform, centered around XRP and other major cryptocurrencies. This new rollout empowers users to earn passive income daily, with zero technical setup, 100% clean energy, and an intelligent mining engine that automatically shifts power to the most profitable digital assets.

    The platform supports multi-asset mining, allowing users to mine XRP, BTC, DOGE, ETH, LTC, and SOL with a single deposit. Whether you’re a beginner or a seasoned investor, NR7 Miner’s AI-enhanced model makes crypto mining as easy as signing up and choosing a plan, no mining rigs, noise, or maintenance required.

    Why NR7 Miner’s AI-Powered Mining Is the Future of Passive Crypto Income

    Unlike static cloud mining contracts that lock users into one coin or fixed terms, NR7 Miner’s intelligent engine uses real-time data to reallocate mining power across multiple assets. This ensures users always mine the most rewarding coins based on market price, mining difficulty, and energy efficiency.

    “We built NR7 Miner to give anyone, anywhere in the world, a smarter, cleaner, and more stable way to earn passive crypto income,” said the company’s CEO.

    “By combining multi-coin mining with renewable energy and AI-powered optimization, we’re opening the door to sustainable wealth generation.”

    Key Features of NR7 Miner’s New Platform:

    Multi-Asset Mining, Earn across XRP, BTC, DOGE, ETH, LTC, and SOL with one deposit

    AI Optimization Engine, adjusts power in real time based on market profitability

    Eco-Friendly Infrastructure, 100% powered by solar, wind, geothermal, and hydrogen

    Beginner-Friendly, start mining with as little as $10 and get a $12 welcome bonus

    Daily Rewards, Profits are automatically deposited and available for withdrawal

    No Hardware Needed, completely cloud-based; no tech skills required.

    Passive Income Aligned with Market Momentum:

    The launch of NR7 Miner’s XRP-focused mining comes at a time when market optimism around XRP continues to build. Following key regulatory developments and speculation of a future XRP ETF, crypto investors are seeking low-risk ways to gain exposure to the asset, without the volatility of direct trading.

    “This isn’t just mining, it’s smart wealth building,” said NR7 Miner’s Chief Market Strategist.

    “Our users don’t need to worry about the market swings. Our platform adjusts automatically, so they’re always positioned for the best possible return.”

    Mining Contracts:

    $100 Plan – 2-Days Term – Earn ~$3.5 per day

    $500 Plan – 5-Days Term – Earn ~$6.25 per day

    $1200 Plan – 10-Days Term – Earn ~$15.96 per day

    $3,000 Plan – 20-Days Term – Earn ~$42.3 per day

    $5,000 Plan – 30-Days Term – Earn ~$76 per day

    $8,000 Plan – 40-Days Term – Earn ~$130.4 per day

    $25,000 Plan – 50-Days Term – Earn ~$455 per day

    $50,000 Plan – 45-Days Term – Earn ~$990 per day

    $100,000 Plan – 45-Days Term – Earn ~$2100 per day

    $150’000 Plan – 30-Days Term – Earn ~$3675 per day

    Each plan offers guaranteed daily payouts, with the full principal returned upon maturity. Users can withdraw their profits at any time during the term.

    Global Reach Backed by Green Energy:

    Founded in 2020 and based in the UK, NR7 Miner now powers more than 100 cloud mining farms using 100% renewable energy. With over 8 million users across 100+ countries, the company’s platform is trusted by individuals, institutions, and crypto newcomers alike. Its affiliate program offers rewards up to $25,000, and customer support is available 24/7 in multiple languages.

    Get Started in 3 Easy Steps:

    Sign Up: Create your account and claim a $12 bonus

    Choose a Plan: Select your preferred contract and tern

    Start Earning: Let NR7 Miner’s AI engine mine on your behalf, automatically

    About NR7 Miner:

    NR7 Miner is a global leader in AI-powered, eco-friendly cloud mining solutions. The company enables users to mine XRP, BTC, DOGE, ETH, LTC, and SOL without the need for technical expertise or expensive equipment. With a focus on transparency, sustainability, and passive income generation, NR7 Miner helps users around the world unlock crypto profits the smart way.

    Website: https://nr7miner.com

    Email: info@nr7miner.com

    Attachment

    The MIL Network

  • MIL-OSI USA: Capito Votes to Pass Republican Reconciliation Bill

    US Senate News:

    Source: United States Senator for West Virginia Shelley Moore Capito
    WASHINGTON, D.C. – U.S. Senator Shelley Moore Capito (R-W.Va.), chairman of the Senate Republican Policy Committee (RPC), released the below statement following the passage of the Republican Reconciliation bill:
    “The Republican Reconciliation bill is a clear reflection of our priorities: securing our borders, rebuilding our military, preventing the largest tax increase in U.S. history, and unleashing American energy. I was proud to vote in favor of this commonsense legislation that not only delivers on the promises we’ve made to the American people, but will put West Virginia and our entire nation on a path to greater economic growth, national security, energy independence, and opportunity,” Senator Capito said.
    Senator Capito, who also chairs the Senate Environment and Public Works (EPW) Committee, led efforts to craft legislative text for the reconciliation bill within the EPW Committee’s jurisdiction. Click HERE for more details on this portion of the bill, including a one-pager, highlights, and a section-by-section.
    Additional West Virginia wins included in the legislation are below:
    Extends the Hydrogen Tax Credit (45V) until January 1, 2028, which will save Hydrogen Hubs across the country, including West Virginia’s ARCH2 project and the thousands of jobs that it will bring to West Virginia.
    Permanently restore 163j interest deductibility beginning after December 31, 2024, which will provide West Virginia’s small business owners the tools they need to compete, grow, and hire.
    Adds metallurgical coal as a critical mineral to 45x, which will have a significant impact on Southern West Virginia.
    Provides historic investments to strengthen America’s border security and immigration system, something that Senator Capito has long-championed during her time in the Senate, including during her many years as the top Republican on the Homeland Security Appropriations Subcommittee.
    Supports law enforcement officers by providing funding for training and equipment, hiring, and critical grant programs.
    Provides resources to help curb the opioid crisis, particularly the fight against fentanyl, by increasing funding to the U.S. Department of Justice to support efforts to combat deadly drug trafficking.
    Provides funding to the Federal Aviation Administration (FAA) for the acquisition, construction, sustainment, and improvement of air traffic control (ATC) facilities and equipment.
    Sustains safety net programs like Medicaid and SNAP over the long-term. Specifically, the legislation puts Medicaid back on a more fiscally stable trajectory for those who need it.
    Invests significant funding in a rural health transformation program to improve access to care and stabilize critical hospitals and other providers.
    Creates a relief fund for rural hospitals, helping to support their critical services and those they serve in rural communities like the many throughout West Virginia.
    Establishes investment accounts for newborns to secure financial futures for every American child from birth.
    Provides $25 billion to replenish and increase stockpiles of critical munitions, including many that have key components manufactured at sites like Allegany Ballistics Laboratory in Mineral County, W.Va.
    Provides $500 million to support the readiness of National Guard units.
    Provides $100 million to accelerate production of the MQ-25 Stingray unmanned refueling drone, of which key components are manufactured in Harrison County, W.Va.
    Provides $1 billion for U.S. Department of Defense (DoD) support to border security missions and counterdrug enforcement to protect West Virginians from drug trafficking and fentanyl.
    Provides $9 billion to support service members and their families, including improvements to housing, healthcare, child care, and education benefits.
    Enhances the Child and Dependent Care Tax Credit (CDCTC), a tax credit that helps working parents offset the cost of child care.
    Establishes workforce Pell, which will allow students across West Virginia to utilize the Pell Grant to obtain certificates and credentials through short term programs, something Senator Capito has long-advocated for.
    Improves the Employer-Provided Child Care Credit (45F), which supports businesses that want to help provide child care for their employees.
    Expands the Dependent Care Assistance Plans (DCAP), which are flexible spending accounts that allow working parents to set aside pre-tax dollars to pay for child care expenses.
    Invests in rural America by providing significant funding for competitive grants to assist in the construction, alteration, acquisition, modernization, renovation, or remodeling of agricultural research facilities under the Research Facilities Act—something that various institutions of higher education throughout West Virginia support.

    MIL OSI USA News

  • MIL-OSI Russia: Yuri Trutnev: Sakhalin Region will be presented as an energy and logistics center of the Asia-Pacific region on the “Far East Street” within the framework of the EEF

    Translation. Region: Russian Federal

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

    Sakhalin Region will traditionally be one of the participants in the Far East Street exhibition, which will be held from September 3 to 9 as part of the tenth, anniversary Eastern Economic Forum – 2025 in Vladivostok. The exhibition is organized by the Roscongress Foundation with the support of the Office of the Plenipotentiary Representative of the President of Russia in the Far Eastern Federal District. The only island region in the country will present information about its main investment and social projects, history and culture, and will also talk about the development of unmanned aviation.

    “Sakhalin Oblast is one of the leading regions in the Far East in terms of attracting investment. In the national investment climate rating, Sakhalin Oblast ranks first in the Far Eastern Federal District and fourth in the country. There is growth in the manufacturing industry, coal industry, and construction. Entrepreneurs can take advantage of the benefits of the priority development area, free port, and preferential regime on the Kuril Islands. The region is actively developing scientific and technologically. An international-level campus is being created on the instructions of the President. An engineering school and an electrical engineering laboratory are operating, the first stage of the Oil and Gas Industrial Park has been launched, and a research and production center for the development of unmanned systems has been created. This and much more allows us to create new production facilities, attract new personnel, and train young specialists. Thanks to the master plan, the urban environment of Yuzhno-Sakhalinsk is changing. I am sure that the region has something to show and be proud of,” emphasized Deputy Prime Minister and Presidential Plenipotentiary Representative in the Far Eastern Federal District Yuri Trutnev.

    The main pavilion of the Sakhalin Region on the “Far East Street” will be made in the form of waves. This year it will be decorated with installations on the theme of logistics: a hydrogen train, a UAV, an airplane and the port of Korsakov. Next to it there will be an investor’s pavilion in the form of a scallop shell.

    “The Eastern Economic Forum has long been an important platform for the Sakhalin Region to develop the region’s economy. Over the past five years, we have signed more than 60 agreements here, which will create 5.7 thousand jobs, and launch key projects in energy, transport, and education. Among them are the modernization of the electric grid complex, the development of hydrogen energy, the continuation of gasification of the region, the modernization of port infrastructure, the construction of clinics, and the development of science as part of the construction of the SakhalinTech campus. It is important for us that Sakhalin and the Kuril Islands become increasingly attractive for living, and that comfort for residents and visitors to the region grows. And we will consistently continue this work in the future,” said Sakhalin Region Governor Valery Limarenko.

    An installation dedicated to the 80th anniversary of Victory in the Great Patriotic War will be placed inside the pavilion. The exhibition “Roads of Victory” will tell about the Yuzhno-Sakhalinsk operation and the landing on Shumshu. It is planned to show a film about the expedition to the island, videos about reconstructions of battles in the Kholmsky and Smirnykhovsky districts.

    “On the instructions of the President of the Russian Federation Vladimir Vladimirovich Putin, we are creating a memorial complex on Shumshu Island dedicated to the Kuril landing operation. Shumshu is one of the islands of the Kuril chain. In fact, World War II ended there. The Kwantung Army was defeated. Our soldiers defeated the superior forces of the enemy, demonstrated mass heroism, landed in the water with full equipment and attacked tanks and firing points that were on the heights. This is one of the most significant pages in our history,” concluded Yuri Trutnev.

    In the Tourism zone, new programs will be presented: military-historical tours “Battle for Shumshu” and “Liberation of the South of Sakhalin”, seasonal offers for winter and summer recreation, as well as gastronomic tours and the “Far East – Land of Adventure” project.

    The Sakhalin – Showcase of Russia zone will showcase key projects of the master plan for the first belt of the agglomeration, as well as the main areas of development of the region: medicine, science and education, logistics, culture, and the urban environment.

    The results of the decade of work of the Sakhalin Region Development Corporation will be presented in a separate zone. With the help of multimedia technologies, the exposition will present the results of the organization’s work over 10 years, including the initiatives of the Merci Agro Sakhalin livestock complex, the Gorizont residential complex, the Uyun territory development project, the agropark and the oil service park.

    The UAV and BEK zone will tell about how the island region strives to become a leader in Russia in the implementation of unmanned aircraft systems. This topic will be dedicated to a separate exposition aimed at promoting Sakhalin’s achievements in this area.

    In 2025, Sakhalin Oblast plans to hold three international forums – Wings of Sakhalin, Energy of Sakhalin and Islands of Sustainable Development: Climate Aspect – at a new venue – the Pushisty drone port. The Sakhalin Expo exposition will be dedicated to the development of congress and exhibition activities in the region.

    Next to the main pavilion there will be a stand “Made in Sakhalin”. The exposition will present regional brands – clothes, jewelry, souvenirs, gastronomic products, health products, and achievements of the film industry and computer graphics will also be demonstrated. The pavilion’s design will include works by Sakhalin photographers and musicians, as well as various murals, including an image of the Aniva lighthouse – the unofficial symbol of the region.

    The art object “Happy Motherhood” will also be exhibited, symbolizing family values. 2025 has been declared the Year of Happy Motherhood on the islands. The regional government’s social block is paying special attention to solving the demographic issue and creating conditions under which women can successfully combine motherhood with professional activity, without sacrificing either their career or family.

    This year, the cultural program of the Sakhalin Region is aimed at popularizing the work of local authors and musicians. Songs by Sakhalin composer and poet Georgy Zobov will be presented, performed by artists of the Variety Academy, accompanied by the dance studio “Aritmiya” and the group Dreambox. The duet “Vishnya” will present a combination of electronic music, songs and ethnic music. The ensemble of the Variety Academy of Larisa Dolina will perform cover versions of famous hits of the Russian variety art. Stilt walkers of the theater studio 2233 will also perform for the guests.

    In addition, the regional delegation will present a series of unique performances called “Sea Meditation”. For three days, Sakhalin artist Konstantin Kolupaev will create paintings dedicated to the beauty and power of nature on a huge canvas using unique techniques. Spectators will be able to watch the master at work.

    As part of the sports program, Sakhalin Oblast plans to organize an interactive platform using VR glasses, where you can try alpine skiing, ski jumping or parachuting. There will be a chess platform called “Beat the Champion.”

    The 10th Eastern Economic Forum will be held on September 3–6 at the campus of the Far Eastern Federal University in Vladivostok. During these days, the exhibition will be available to forum participants, and on September 7, 8, and 9, it will be open to everyone. The EEF is organized by the Roscongress Foundation.

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

    MIL OSI Russia News

  • MIL-OSI Africa: African Development Bank Approves $474.6 Million Loan to support South Africa’s Infrastructure Governance and Green Growth

    The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $474.6 million loan for South Africa’s Infrastructure Governance and Green Growth Programme (IGGGP). This financing marks a significant milestone in the country’s transition toward a sustainable, low-carbon economy.

    This IGGGP is the second phase of the Bank’s strategic support for South Africa’s Just Energy Transition. It builds on the success of the $300 million Energy Governance and Climate Resilience Programme, approved in 2023, which delivered key reforms that bolstered financial stability and increased renewable energy capacity.

    Structured around three interconnected pillars: enhancing energy security through power sector restructuring, supporting a low-carbon and just transition, and improving transport efficiency – the IGGGP is designed to accelerate South Africa’s green transformation and promote inclusive, resilient growth. South Africa’s Minister of Finance, Enoch Godongwana,  described the Bank’s support as valuable. 

    “Our country faces the significant challenge of energy shortages, leading to loadshedding, as well as significant transport bottlenecks, which have been detrimental to growing our economy and achieving our developmental aspirations. With your partnership, our government has committed itself to stay the course and implement these critical reforms in the energy and transport sectors, while endeavoring to achieve our international commitments on climate change and our JET objectives,” he said.

    The IGGGP also places strong emphasis on green industrialization, skills development, and job creation, including support for electric vehicle manufacturing and green hydrogen production. Recent estimates from the IMF show that South Africa’s Just Energy Transition could boost the country’s GDP growth by 0.2 to 0.4 percentage points annually between 2025 and 2030.

    “This approval represents more than financing — it’s a blueprint for Africa’s energy future,” said Kennedy Mbekeani, African Development Bank Group’s Director General for Southern Africa. “South Africa’s success in building a just, green, and inclusive energy system demonstrates that sustainable development and economic growth can go hand in hand.”

    This financing includes targeted grant components to promote energy efficiency initiatives and advance rail sector reforms. Key priorities include accelerating vertical separation and establishing an investment framework to revitalize South Africa’s freight and logistics systems. These efforts are expected to strengthen competitiveness of the transport sector and contribute to regional integration and economic growth across the Southern African Development Community.

    As an advanced economy in Africa and a regional power hub, South Africa’s success in its energy transition could catalyze similar transformations across the continent. Its experience integrating renewable energy, modernizing its grid, and implementing just transition policies will provide valuable lessons for other African nations pursuing sustainable development goals.

    The initiative incorporates comprehensive environmental and social safeguards, with a particular focus on gender and youth empowerment. Women will constitute 70% of the beneficiaries of the expanded Social Employment Fund, and dedicated youth skills programmes will equip the next generation for emerging opportunities in the green economy.

    The success of the IGGGP will contribute to several United Nations Sustainable Development Goals, including affordable and clean energy (SDG 7), decent work and economic growth (SDG 8), industry, innovation, and infrastructure (SDG 9), and climate action (SDG 13).

    The African Development Bank’s support forms part of a historic $2.78 billion international financing package that includes $1.5 billion from the World Bank, €500 million from Germany’s KfW, up to $200 million from Japan’s JICA, and an expected $150 million from the OPEC Fund. This coordinated financing underscores the global significance of South Africa’s energy transition, particularly under its G20 presidency. The programme aligns with South Africa’s updated Nationally Determined Contributions under the Paris Agreement, which targets reducing greenhouse gas emissions to 398–510 million tons of CO₂ equivalent by 2025 and 350–420 million tons by 2030.

    Distributed by APO Group on behalf of African Development Bank Group (AfDB).

    Additional Image: https://apo-opa.co/3G4EecH

    Media contact:
    Emeka Anuforo,
    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

    MIL OSI Africa

  • MIL-OSI Russia: How cryopreservation and diapause affect embryo metabolism

    Translation. Region: Russian Federal

    Source: Novosibirsk State University – Novosibirsk State University –

    What processes occur in the embryo at the molecular level after freezing? Can a slowdown in metabolism indicate risks for the future organism? A unique study in which a master’s student is participating helps to find answers to these questions Faculty of Physics Anastasia Omelchenko of Novosibirsk State University. A team of scientists from the Laboratory of Condensed Matter Spectroscopy of the Institute of Automation and Electrometry of the Siberian Branch of the Russian Academy of Sciences (where Anastasia works) and the Cryopreservation and Reproductive Technologies Sector of the Institute of Cytology and Genetics of the Siberian Branch of the Russian Academy of Sciences, for the first time in the world, used the method of Raman scattering of deuterated labels to study the metabolism of embryos.

    — Raman scattering is a contactless and non-destructive method of optical spectroscopy that allows us to understand the chemical composition, structure and phase state of a substance. We use it to look inside living cells and see what molecules are formed as a result of their metabolism, — explained Anastasia Omelchenko.

    Scientists are studying the metabolism of early-stage mouse embryos. To do this, they fed the embryos specially labeled (deuterated) molecules — such as amino acids, glucose, stearic acid — and used Raman spectroscopy to track how these substances were transformed inside the cells.

    — When we want to track how one compound is converted into another during metabolism, we must separate these compounds from other organic molecules present in the cells. This is a fairly complex task and is similar to finding one person in a crowd. To simplify it, you can give this person a “flag”, that is, mark him – this will allow you to identify him against the background of the rest of the crowd. In Raman spectroscopy, it is convenient to use deuterated labels, that is, molecules in which some hydrogen atoms are replaced by heavier deuterium. Due to the isotopic shift, such labels have a spectrum that is different from other molecules, which allows you to track the number and nature of deuterated molecules in the sample, — the researcher explained.

    It turned out that amino acids are steadily converted into proteins at all stages of development, and as the embryo grows, synthesis increases. Contrary to expectations, glucose is not so much broken down to obtain energy as it is stored as a glycogen polymer. Fatty acids, such as stearic acid, accumulate in lipid granules (the cell’s energy storage facilities).

    But what was particularly interesting was the effect of cryopreservation on metabolism – a technology used to freeze and store embryos at ultra-low temperatures. After freezing and thawing, the scientists analyzed how the metabolism of the embryos changed and found that at later stages of development, fatty acids were processed worse – it was as if the cell “decided” to accumulate them rather than use them.

    — The method allows us to see which processes are disrupted as a result of cryopreservation, — noted Anastasia Omelchenko. — This is especially important in conditions when more and more biomaterial — both in medicine and in agriculture — is frozen for storage or transportation. Our approach can help us understand how to preserve the viability of such cells.

    In addition to cryopreservation, the study looked at how another unique condition, diapause, affects embryo metabolism. This is a natural stop in embryo development in response to unfavorable conditions, which occurs in a number of mammals (about 130 species). The scientists worked with mouse embryos with induced diapause and found that their protein synthesis decreases by about 23% compared to normal ones.

    — This is consistent with other data: in embryos that enter the implantation stage, the activity of key metabolic processes increases. And our method allows us to measure this quantitatively, quickly and without harm to the object itself, — the researcher emphasizes.

    The research is only just entering the stage of systemic application, but it is already clear that optical non-invasive methods of metabolic analysis may well become an effective diagnostic tool in reproductive medicine and biotechnology.

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

    MIL OSI Russia News

  • MIL-OSI Submissions: Why relying on technology to keep ASEAN’s coal plants running is risky

    Source: The Conversation – Indonesia – By Lay Monica, Researcher, Center of Economic and Law Studies (CELIOS)

    shutterstock

    A recent ASEAN Centre for Energy (ACE) report emphasised that to contribute in tackling climate change, ASEAN countries don’t need to immediately phase out all of their coal fleet.

    The report asserted that coal will continue to be an essential part of the energy transition. It also stated that by allowing ASEAN countries more time to improve electricity grids to accommodate more renewables could help smooth the transition to cleaner energy. Put the two together, and it strongly hinted that coal might be squeezed in to buy said time.

    In order to reduce damage from coal, ACE urged ASEAN member states to use clean coal technologies in coal-fired power plants. It also recommended to use carbon capture and storage (CCS) or carbon capture, utilisation and storage (CCUS) to replace “old, inefficient, and unabatable coal plants”.

    Interestingly, this is also a view promoted by the World Coal Association — now Future Coal – the international coal lobbying group.

    At first glance, this plan seems promising. However, relying heavily on technology oversimplifies potential risks and assumes full delivery of promises without thorough risk assessments. In this article, we provide evidence that ACE’s chosen pathway is not as good as it seems and could face significant problems in the future.

    False solution

    The first “clean coal technology” proposed by ACE – termed “high efficiency, low emissions (HELE)” – is mostly supercritical coal power plant. This means it uses less coal while producing more energy. This is why they’re claimed to be more environmentally friendly than sub-critical or “regular” coal power plants.

    But using supercritical technology doesn’t guarantee the emission problem is solved; it has varying degrees of success in reducing coal emissions.

    For example, a 2019 Australian paper found supercritical coal power plants underperformed against regular power plants with higher breakdown rates, leading to frequent electricity price spikes during 2018-2019. This was a decade after the technology was first launched in 2007.

    Failing to deliver steady electricity supplies would contradict ACE’s stated goal to prevent energy shortage and provide smoother transitions towards renewable energy.

    Risks of carbon capture

    Another technology that ACE advocates is carbon capture and storage (CCS), which captures carbon emissions from power plants and stores them underground.

    However, CCS appears to replicate past project failures. Opponents of CCS often suggest its success rate is relatively small.

    The industry claims the technology can capture 95% carbon from each project. Yet, the 2023 reports from the Institute for Energy Economics and Financial Analysis (IEEFA) found that no current project has consistently managed to capture more than 80% of carbon emissions. Some of them only succeeded in capturing 15% of carbon emissions.

    Leakage from captured carbon underground is the other risk we might bear. This will have tremendous consequences not only by netting off the so-called mitigated emissions but also by contaminating groundwater and risking communities nearby.

    According to carbon capture proponents, when done properly, the risk of leakage is minuscule. Even when it occurs, they claim it will not be catastrophic.

    However, a big enough leak is still possible. The margin of safety is very narrow: even a mere 1% leakage every ten years could pose serious consequences in the long-run, mainly rises in temperature. Keeping the “safe level of leakage rate” requires a rigorous monitoring and supervision. Therefore, the risks could be higher in developing countries like Indonesia, which has chronic problems with regulatory governance.

    Some other evidence suggests that CCS is not economically viable. One of the strongest arguments against CCS is probably the diminishing returns. As one of the leading experts in carbon capture claims:

    The closer a CCS system gets to 100% efficiency, the harder and more expensive it becomes to capture additional carbon dioxide.

    This implies potential future costs for bigger equipment, additional time, and additional energy for CCS to achieve that efficiency level.

    More importantly, chasing increasingly expensive CCS technology merely prolongs the life of coal-fired power plants, which pose significant environmental risks. The same money and effort could be used to build more renewable energy infrastructure such as wind turbines or solar panels.

    In addition to its potential high costs, captured carbon must be sold in the market – for various uses ranging for oil extraction to food preservation – to increase its economic viability.

    However, other than CO₂ conversion to fuels, there is a strictly limited usage of CO₂. Commercial use of CO₂ is less than 1% of the global CO₂ emmissions from energy usage. On the other hand, converting CO₂ back to fuels requires carbon-free energy sources.

    The conversion will also result in approximately 25-35% of energy losses. Although there have been more research on how to improve the efficiency of the process, CO₂ utilisation has yet to be scalable.

    Why the half measure?

    ACE must be wary of its reliance on technological solutions. Instead, the centre should consider a double-down on less-risky and less-capital-intensive solutions with many positive impacts, such as setting up community-based renewable energy, aggressive reforestation, or even better, significant halt of deforestation.

    Community-based renewable energy offers to help people in energy-poor areas to build their own energy sources. Moreover, people living in close geographical proximity can share costs and resources to install and maintain off grid renewables, encouraging more widespread adoption of cleaner energy sources with minimum problem of land use.

    On the other hand, in contrast to CCUS, aggressive reforestation does not require heavy machinery or specialised knowledge and skills to operate complex technology to achieve the same goals of storing emissions. Again, it is an established scientific fact that forests and soil currently store 30% of emissions. Unlike CCS that only stores emissions from sites where it is installed, forests and soil absorb atmospheric carbon emissions. Even well-planned city forests could have more capacity to effectively absorb CO2 than we thought.

    ACE can also reconsider replacing the “old, inefficient, and unabatable coal plants” with renewables, such as solar and wind, especially those for non-industrial electricity facilities. Those electricity generation costs have been falling rapidly for years.

    As most of the ASEAN member states are developing countries, they must carefully select the most suitable technologies to adopt. With limited fiscal capacity, rashly importing an advanced technology that will require substantial startup costs potentially becomes a costly effort, yielding limited benefits.

    It is puzzling why we should replace our old coal plants with new ones. It is like when we are replacing our old mobile phone with a slightly better mobile phone – instead of jumping straight to a smartphone. Why the half-measure?

    Para penulis tidak bekerja, menjadi konsultan, memiliki saham atau menerima dana dari perusahaan atau organisasi mana pun yang akan mengambil untung dari artikel ini, dan telah mengungkapkan bahwa ia tidak memiliki afiliasi di luar afiliasi akademis yang telah disebut di atas.

    ref. Why relying on technology to keep ASEAN’s coal plants running is risky – https://theconversation.com/why-relying-on-technology-to-keep-aseans-coal-plants-running-is-risky-234918

    MIL OSI

  • MIL-OSI Submissions: AI applications are producing cleaner cities, smarter homes and more efficient transit

    Source: The Conversation – Canada – By Mohammadamin Ahmadfard, Postdoctoral Fellow, Mechanical & Industrial Engineering, Toronto Metropolitan University

    Artificial intelligence (AI) is quietly transforming how cities generate, store and distribute energy, acting as the invisible conductor that orchestrates cleaner, smarter and more resilient cities.

    By integrating renewables — from solar panels and wind turbines to geothermal grids, hydrogen plants, electric vehicles and batteries — AI can enable cities to manage diverse energy sources as a single, intelligent system.

    One striking example is the Oya Hybrid Power Station in South Africa. Here, AI-driven controls seamlessly co-ordinate solar, wind and battery storage to deliver reliable power to up to 320,000 households. Using AI makes this kind of integration not only possible, but dramatically more efficient.

    Recent research shows AI can also optimize how batteries, solar and the grid interact in buildings. A 2023 study found that deep learning and real-time data helped a boarding school in Turin, Italy increase low-cost energy purchases and cut its electricity bill by more than half.

    Cleaner, smarter energy grids

    AI models are increasingly able to predict weather with greater precision. These predictions allow electric grid operators to plan hours ahead, storing excess energy in batteries or adjusting supply to meet demand before a storm or heatwave hits.

    Using AI to respond strategically to weather is a game-changer. In Cambridge, England, a system called Aardvark uses satellite and sensor data to generate rapid, accurate forecasts of sun and wind patterns.

    Unlike traditional supercomputer-driven weather models, Aardvark’s AI can deliver precise local forecasts in minutes on an ordinary computer. This makes advanced weather prediction more accessible and affordable for cities, utilities and even smaller organizations — potentially transforming how communities everywhere plan for and respond to changing weather.

    AI models are increasingly able to predict weather with greater precision, allowing electric grid operators to plan ahead, storing excess energy in batteries or adjusting supply to meet demand before a storm or heat wave hits.
    (Shutterstock)

    AI for smarter district heating and cooling

    In Munich, Germany, AI is improving geothermal district heating by using underground sensors to monitor temperature and moisture levels in the ground.

    The collected data feeds into a digital simulation model that helps optimize network operations. In more advanced versions, during winter cold snaps, such systems can suggest lowering flow to underused spaces like half-empty offices and boosting heat where demand is higher, such as in crowded apartments.

    This intelligent, self-optimizing approach extends the life of equipment and delivers more warmth with the same energy input.

    This is a breakthrough with enormous potential for cities in cold climates with established geothermal networks, such as Winnipeg in Canada and Iceland’s Reykjavik.

    Although these cities have not yet adopted AI-driven monitoring systems, they could benefit from AI’s real-time improvements in efficiency, comfort and energy savings during harsh winters — a principle that holds true wherever geothermal district heating and cooling exists.

    Inside the home, AI-managed smart climate systems can factor in how many people are in each room, which appliances are in use, how much natural sunlight each space receives.
    (Shutterstock)

    Smart buildings

    Inside the home, AI-managed smart climate systems can factor in how many people are in each room, which appliances are in use, how much natural sunlight each space receives and how much electricity or heat a home’s solar panels generate throughout the day.

    Based on this, AI determines how to heat or cool rooms efficiently, and can transfer energy from one space to another, balancing comfort with minimal energy use.

    Coastal cities and those in wind-heavy regions are using AI in other creative ways. In Orkney, Scotland, excess wind and tidal energy are converted into green hydrogen. Instead of letting that surplus power go to waste, an AI system called HyAI controls when to generate hydrogen based on wind forecasts, electricity prices and how full the hydrogen storage tanks are.

    When winds are strong at night and electricity is cheap, the AI can divert surplus power to produce hydrogen and store it for later use. On calmer days, that stored hydrogen can power fuel cells or buses.

    Energy storage

    AI is transforming energy storage into a smart, revenue-generating force. In Finland, a startup called Capalo AI has developed Zeus VPP, an AI-powered virtual power plant that aggregates distributed batteries from homes, businesses and other sites.

    Zeus VPP uses advanced forecasting and AI algorithms to decide when batteries should charge or discharge, factoring in energy prices, local consumption and weather forecasts. This enables battery owners to earn revenue by participating in electricity markets, while also supporting grid stability and making better use of renewable energy.

    Utility companies are also using AI to monitor everything from high-voltage transmission lines to neighbourhood transformers, dramatically increasing reliability.

    AI-powered dynamic line rating adjusts how much electricity a line can carry in real time, boosting capacity by 15 to 30 per cent when conditions allow. This helps utilities maximize the use of existing infrastructure instead of relying on costly upgrades.

    At the local level, AI analyzes smart metre data to predict which transformers are overheating due to rising EV and heat pump use.

    By forecasting these stress points, utilities can proactively upgrade equipment before failures happen — a shift from reactive to predictive maintenance that makes the grid stronger and cities more resilient.

    AI-powered public transit and mobility

    Transportation innovation is becoming part of the energy solution, with AI at the centre of this transformation. In New York City, energy company Con Edison has installed major battery storage systems to help manage peak electricity demand and reduce reliance on polluting peaker plants, which supply energy only during high-demand periods.

    More broadly, Con Edison is deploying advanced AI-powered analytics software across its electric grid — optimizing voltage, enhancing reliability and enabling predictive maintenance. Together, these efforts show how combining energy storage and AI-driven analytics can make even the world’s busiest cities more resilient and efficient.

    AI is also powering “vehicle-to-grid” innovations in California, where an AI-driven platform manages electric school buses that can supply stored energy back to the grid during periods of high demand.

    By carefully managing when buses charge and discharge, these systems help keep the grid reliable and ensure vehicles are ready for their daily routes. As this technology expands, parked electric vehicles could serve as valuable backup resources for the electricity system.

    Transportation innovation is becoming part of the energy solution.
    (Shutterstock)

    AI for clean energy initiatives

    AI is rapidly transforming cities by revolutionizing how energy is used and managed. Google, for example, has slashed cooling energy at its data centres by up to 40 per cent using AI that fine-tunes fans, pumps and windows more efficiently than any human operator.

    Organizations like the Electric Power Research Institute (EPRI), in collaboration with NVIDIA, Microsoft and others, have launched the Open Power AI Consortium, which is creating open-source AI tools for utilities worldwide.

    These tools will enable even the most resource-constrained cities to deploy advanced AI capabilities, without having to start from scratch, helping to level the playing field and accelerate the global energy transition.

    The result is not just cleaner air and lower energy bills, but a path to fewer blackouts and more resilient homes.

    Mohammadamin Ahmadfard receives funding from the Natural Sciences and Engineering Research Council of Canada (NSERC) and Mitacs Inc. for his postdoctoral research at Toronto Metropolitan University.

    ref. AI applications are producing cleaner cities, smarter homes and more efficient transit – https://theconversation.com/ai-applications-are-producing-cleaner-cities-smarter-homes-and-more-efficient-transit-256291

    MIL OSI

  • MIL-OSI Europe: REPORT on the security of energy supply in the EU – A10-0121/2025

    Source: European Parliament

    MOTION FOR A EUROPEAN PARLIAMENT RESOLUTION

    on the security of energy supply in the EU

    (2025/2055(INI))

    The European Parliament,

     having regard to the Treaty on the Functioning of the European Union, and in particular Article 194 thereof,

     having regard to Council Directive 2009/119/EC of 14 September 2009 imposing an obligation on Member States to maintain minimum stocks of crude oil and/or petroleum products[1] (Oil Stocks Directive),

     having regard to the Commission communication of 28 May 2014 entitled ‘European Energy Security Strategy’ (COM(2014)0330),

     having regard to Regulation (EU) 2017/1938 of the European Parliament and of the Council of 25 October 2017 concerning measures to safeguard the security of gas supply and repealing Regulation (EU) No 994/2010[2],

     having regard to Directive (EU) 2019/944 of the European Parliament and of the Council of 5 June 2019 on common rules for the internal market for electricity and amending Directive 2012/27/EU[3],

     having regard to Regulation (EU) 2019/943 of the European Parliament and of the Council of 5 June 2019 on the internal market for electricity[4],

     having regard to Regulation (EU) 2019/941 of the European Parliament and of the Council of 5 June 2019 on risk-preparedness in the electricity sector and repealing Directive 2005/89/EC[5],

     having regard to the Commission communication of 11 December 2019 entitled ‘The European Green Deal’ (COM(2019)0640),

     having regard to the Commission communication of 8 July 2020 entitled ‘Powering a climate-neutral economy: An EU Strategy for Energy System Integration’ (COM(2020)0299),

     having regard to Regulation (EU) 2021/1153 of the European Parliament and of the Council of 7 July 2021 establishing the Connecting Europe Facility and repealing Regulations (EU) 1316/2013 and (EU) No 283/2014[6],

     having regard to Regulation (EU) 2021/1119 of the European Parliament and of the Council of 30 June 2021 establishing the framework for achieving climate neutrality and amending Regulations (EC) No 401/2009 and (EU) 2018/1999 (‘European Climate Law’)[7],

     having regard to Regulation (EU) 2022/869 of the European Parliament and of the Council of 30 May 2022 on guidelines for trans-European energy infrastructure, amending Regulations (EC) No 715/2009, (EU) 2019/942 and (EU) 2019/943 and Directives 2009/73/EC and (EU) 2019/944, and repealing Regulation (EU) No 347/2013[8],

     having regard to the joint communication from the Commission and the High Representative of the Union for Foreign Affairs and Security Policy of 18 May 2022 entitled ‘EU external energy engagement in a changing world’ (JOIN(2022)0023),

     having regard to the Commission communication of 18 May 2022 entitled ‘REPowerEU Plan’ (COM(2022)0230),

     having regard to the Commission communication of 18 October 2022 entitled ‘Digitalising the energy system – EU action plan’ (COM(2022)0552),

     having regard to the final assessment report on the EU-NATO Task Force on the resilience of critical infrastructure, published in June 2023,

     having regard to Directive (EU) 2023/1791 of the European Parliament and of the Council of 13 September 2023 on energy efficiency and amending Regulation (EU) 2023/955 (recast)[9] (Energy Efficiency Directive),

     having regard to the Euratom Supply Agency Annual Report 2023,

     having regard to Directive (EU) 2023/2413 of the European Parliament and of the Council of 18 October 2023 amending Directive (EU) 2018/2001, Regulation (EU) 2018/1999 and Directive 98/70/EC as regards the promotion of energy from renewable sources, and repealing Council Directive (EU) 2015/652 (the Renewable Energy Directive)[10],

     having regard to Directive (EU) 2024/1788 of the European Parliament and of the Council of 13 June 2024 on common rules for the internal markets for renewable gas, natural gas and hydrogen, amending Directive (EU) 2023/1791 and repealing Directive 2009/73/EC (recast)[11],

     having regard to Regulation (EU) 2024/1789 on the internal markets for renewable gas, natural gas and hydrogen, amending Regulations (EU) No 1227/2011, (EU) 2017/1938, (EU) 2019/942 and (EU) 2022/869 and Decision (EU) 2017/684 and repealing Regulation (EC) No 715/2009 (recast)[12],

     having regard to Regulation (EU) 2024/1787 of the European Parliament and of the Council of 13 June 2024 on the reduction of methane emissions in the energy sector and amending Regulation (EU) 2019/942[13],

     having regard to Directive (EU) 2024/1711 of the European Parliament and of the Council of 13 June 2024 amending Directives (EU) 2018/2001 and (EU) 2019/944 as regards improving the Union’s electricity market design[14],

     having regard to Regulation (EU) 2024/1747 of the European Parliament and of the Council of 13 June 2024 amending Regulations (EU) 2019/942 and (EU) 2019/943 as regards improving the Union’s electricity market design (Electricity Market Design (EMD) Regulation)[15],

     having regard to its resolution of 14 November 2024 on EU actions against the Russian shadow fleets and ensuring a full enforcement of sanctions against Russia[16],

     having regard to the report by Sauli Niinistö entitled ‘Safer Together – Strengthening Europe’s Civilian and Military Preparedness and Readiness’ (Niinistö report), published on 30 October 2024,

     having regard to European Court of Auditors Special Report 09/2024 entitled ‘Security of the supply of gas in the EU’[17],

     having regard to the Commission communication of 29 January 2025 entitled ‘A Competitiveness Compass for the EU’ (COM(2025)0030),

     having regard to the joint communication from the Commission and the High Representative of the Union for Foreign Affairs and Security Policy of 21 February 2025 entitled ‘EU Action Plan on Cable Security’ (JOIN(2025)0009),

     having regard to the Commission communication of 26 February 2025 entitled ‘Action Plan for Affordable Energy’ (COM(2025)0079),

     having regard to the joint communication from the Commission and the High Representative of the Union for Foreign Affairs and Security Policy of 26 March 2025 on the European Preparedness Union Strategy (JOIN(2025)0130),

     having regard to Rule 55 of its Rules of Procedure,

     having regard to the report of the Committee on Industry, Research and Energy (A10-0121/2025),

    A. whereas energy security is a key building block of a resilient, sustainable and competitive economy; whereas reliable and affordable energy supplies are essential for economic growth, industrial productivity and societal well-being;

    B. whereas in the context of a general security crisis and the need for preparedness against defence challenges, securing energy supply constitutes a priority;

    C. whereas despite the potential for developing domestic clean and renewable energy sources, the EU imports more than 60 % of its energy, including 90 % of its gas and 97 % of its oil[18], leaving it vulnerable to potential energy supply disruptions;

    D. whereas the EU has the potential to develop renewable resources, and since the publication of the Commission’s last Energy Security Strategy in 2014, the production of home-grown renewable energy has grown substantially – wind power by 98 %, solar photovoltaic by 314 %, solar thermal by 22 % and ocean energy by 244 %; whereas, over the same period, the EU’s domestic fossil fuel production has declined, with coal production falling by 53 %, oil by 31 % and gas by 73 %;

    E. whereas with a renewable energy-dominated grid, Europe will need to secure over 100 GW of new clean firm power capacity by 2035 to ensure reliability, energy security and lower costs[19];

    F. whereas the gap between energy production and EU demand negatively affects the EU’s trade balance, with energy imports amounting to EUR 427 billion in 2024 – down from a peak of EUR 602 billion in 2022 – for coal, oil and gas[20];

    G. whereas EU nuclear production has declined by 24 % since 2014[21]; whereas a number of Member States are demonstrating their commitment to expanding nuclear energy as a pillar of their energy strategies and advancing their nuclear power projects;

    H. whereas the diversification of energy sources contributes to the EU’s open strategic autonomy, energy security and resilience against external supply disruptions;

    I. whereas applying renewable and clean domestic energy production, energy efficiency and energy saving measures across the entire value chain decreases reliance on external energy sources and enhances the security of energy supply; whereas EU energy efficiency policies have yielded structural results, with energy demand peaking in 2006 and declining by 20 % in 2023[22], highlighting energy efficiency as the most cost-effective way to reduce emissions, enhance competitiveness, make energy consumption more affordable and improve energy security;

    J. whereas Member States differ in terms of natural and geographical characteristics, energy supply, security, sources and policies;

    K. whereas the Russian Federation has for decades weaponised its supplies of oil, coal, nuclear power and gas to the EU in order to create division among Member States and, since the summer of 2021, to fuel inflation and weaken Europe’s resolve to support Ukraine in its just fight for freedom; whereas Russia’s war against Ukraine started in 2014; whereas Russia has been carrying out an illegal, unprovoked and unjustified full-scale war of aggression against Ukraine since 24 February 2022; whereas Member States agreed in the Versailles Declaration[23] to reassess how to ensure the security of their energy supplies and to phase out their dependency on Russian gas, oil and coal imports ‘as soon as possible’ by, among other means, speeding up the development of renewables and the production of their key components and accelerating the reduction of overall EU reliance on fossil fuels, taking into account national circumstances and Member States’ energy mix choices; whereas the REPowerEU plan put forward a set of actions to stop importing Russian fossil fuels by 2027 at the latest;

    L. whereas while most Russian oil and coal imports have been sanctioned, Russian gas and nuclear imports have regrettably remained outside of the EU’s sanctions regime amid concerns over security of supply;

    M. whereas the share of Russian pipeline gas, both liquefied natural gas (LNG) and pipeline, in the EU’s total energy imports significantly decreased from 45 % in 2021 to approximately 19 % in 2024; whereas EU imports of Russian fossil fuels in the third year of the invasion have surpassed the EU financial aid sent to Ukraine in the same period (EUR 18.7 billion in 2024)[24]; whereas since the beginning of the war, Russia has earned a total of EUR 206 billion in revenue from fossil fuel exports to the EU; whereas global fossil fuel exports constitute the single largest source of revenue for Russia, amounting to EUR 250 billion per year[25] – equivalent to 160 % of the Russian military budget for this year[26];

    N. whereas among the 100 reactors operating in the EU, 18 are located in five EU countries and are of Russian or Soviet-design, each with varying levels of built-in reliance on Rosatom, which poses a particular risk to European energy security; whereas in 2024, Russia met around 23 % of the EU’s total demand for uranium conversion services and 24 % for uranium enrichment services;

    O. whereas Russia has been circumventing sanctions through its shadow fleet, which transports oil to willing buyers under false flags or without flags and which poses serious environmental risks; whereas Member States have yet to implement the effective measures adopted by the Council in the 15th sanctions package against sanctions evasion through the shadow fleet;

    P. whereas in its November 2024 resolution, Parliament called for the EU and its Member States to ban all imports of Russian energy, including LNG and nuclear, to require that ships exporting LNG from Russia be banned from entering EU ports and to refrain from concluding any new agreements with Rosatom or its subsidiaries;

    Q. whereas the absence of an updated robust EU energy security strategy is adversely affecting businesses, industries and households; whereas, among other contributing factors, this has led to a sharp rise in energy poverty with nearly one in ten households (10.6 %) unable to adequately heat their homes in 2023[27], an increase from 6.9 % in 2021[28];

    R. whereas attacks against critical energy infrastructure can lead to a loss of power affecting several Member States simultaneously and substantial economic damage, undermine public security and have implications for the EU’s defence capabilities; whereas Europe’s energy sector has been inundated with cyberattacks since Russia’s invasion of Ukraine; whereas the Baltic Sea’s critical energy infrastructure is under regular attack from Russia; whereas the growing number of perimeter harassment incidents against offshore energy infrastructure poses a serious concern;

    S. whereas NATO’s role in energy security was first defined at the 2008 Bucharest Summit and has since been strengthened; whereas NATO is strengthening the security of critical infrastructure to prevent sabotage, including through the recently launched Baltic Sentry initiative; whereas NATO is supporting national authorities in enhancing their resilience against energy supply disruptions that could affect national and collective defence;

    T. whereas the integration of the Baltic states’ electricity systems into the continental European network in February 2025 was a critical step towards enhancing their energy security, as it eliminated reliance on the Russian-controlled grid, thereby reducing geopolitical vulnerabilities and strengthening the resilience of the Baltic region;

    A new vision for energy security in a changing global landscape

    1. Recalls that the European Environment Agency defines energy security as ‘the availability of energy at all times in various forms, in sufficient quantities, and at reasonable and/or affordable prices’; considers that a comprehensive approach to energy security should take into account the physical infrastructure dimension, the availability, reliability, stability and affordability of supplies and their sustainability, and should place emphasis on the geopolitical and climate dimensions;

    2. Stresses that energy security is a cross-sectoral issue that underpins the functioning of all critical sectors, making it indispensable for economic stability, public safety and national resilience; underlines that integrating energy security considerations into relevant policies and their underlying impact assessments is crucial for enhancing the coherence, consistency and overall effectiveness of EU policymaking;

    3. Emphasises that the current geopolitical situation and continued perilous energy supply dependencies underscore the need to revise the understanding of energy security and recognises that the resilience of energy systems, understood as the ability to anticipate, withstand, adapt to, and quickly recover from possible disruptions, is now a strategic imperative;

    4. Stresses that as the energy system continues to decarbonise, the share of renewables increases and electrification advances, a well-functioning and integrated energy market, energy efficiency, the integration of flexibility sources (electricity and heat storage, hydrogen, comprehensively developed and resilient infrastructure, demand response, etc.), and sufficient dispatchable capacity will be crucial to successfully manage the intermittency of renewable energy sources and unlock the full potential of the energy transition;

    5. Highlights that energy security cannot work without adequacy; notes that ‘the scarcity issues tend to shift from the peripheral areas of Europe in 2025 to the central parts of the continent by 2033’[29]; believes that capacity remuneration mechanisms play a structural role in securing dispatchable backup capacity to ensure adequacy during peak times or periods of supply shortages and in helping to incentivise the necessary investments in generating capacity that market signals, relying solely on infrequent scarcity price hours, may fail to justify; underlines the need to ensure that the mechanisms are open to different types of resources (such as demand side, energy savings, aggregation, storage units and cross-border resources) capable of providing the necessary services, such as flexibility, do not create undue market distortions or limit cross-zonal trade, and reflect compatibility with a future decarbonised electricity system, including through coherence with defined emission limits as set out in Article 22 of the EMD Regulation; recalls that remuneration for capacity mechanisms only covers their availability; stresses the urgent need to simplify and streamline their approval processes, as requested by the EMD revision, while giving due consideration to the specific problems of the electricity market in the respective Member States in the Commission’s approval process; notes the Commission report on the assessment of possibilities of streamlining and simplifying the process of applying a capacity mechanism[30] and the ongoing works on the Clean Industrial Deal State Aid Framework with concrete proposals to accelerate the approval process; notes that while the balancing market provides essential short-term services, it is not yet investment-friendly and calls therefore on the Commission to develop incentives to build the flexible assets that balancing markets urgently need;

    6. Stresses that decarbonisation should take into account the specificities of Member States and their regions, including Europe’s outermost territories and Just Transition Fund regions and their level of access to different types of clean energy sources, the needs of their industries and the vulnerability of their citizens in order to ensure a just transition that maintains energy security by creating synergies between climate ambitions, geographical and natural conditions, and social and economic realities;

    7. Notes the need for a broader approach to non-fossil flexibility and energy storage that incorporates molecules and heat; highlights the potential of district heating systems that can use thermal storage to reduce the temperature of the loop and incorporate waste heat, solar, geothermal and other renewable sources, where appropriate, using natural gas and biomass in a transition period; draws attention to the important role that the optimal use of high-efficiency cogeneration, in line with the Energy Efficiency Directive, can play in contributing to balancing the electricity grid and to the competitiveness of some industrial sectors, especially those that do not have alternative ways of producing affordable heat in their industrial processes; stresses the need to modernise and expand district heating grids to this end;

    8. Emphasises that technological neutrality plays a key role in enhancing the security of energy supply while avoiding lock-in effects and fostering sustainability, economic efficiency and a just transition; recalls the need to invest in a diverse portfolio of clean technologies that allow regions to adopt technologies best suited to their needs in a cost-effective way, making energy more affordable and accessible;

    9. Notes that the Draghi report[31] highlights that a reduction in dependency on fossil fuel imports would enhance EU competitiveness and the affordability and security of supply; notes that natural gas is currently a component of the EU’s energy security, with demand of 320 bcm in 2024, and notes the International Energy Agency (IEA) forecasts indicating a moderate demand of 260 bcm annually by 2035[32], while a REpowerEU scenario projected a possible demand reduction of 184 bcm by 2030, implying an approximate 50 % slash in natural gas demand in less than five years, compared to demand of 356 bcm in 2022; recalls Draghi’s proposal to establish a comprehensive strategy for natural gas, managing its role during the transition and securing its supply, that should guide infrastructure choices, international partnerships and legislation; notes, with concern, that inconsistent policies on natural gas have weakened the trading position of EU companies, leaving them exposed to global spot market prices and potentially creating a gap between what the EU has contractually secured and what will be imported over time;

    10. Stresses that the development of nuclear energy remains a national prerogative in the framework of EU law; notes that for the Member States that choose to have nuclear power in their energy mix, it can have an important role to play in an integrated energy system with increasing penetration of renewables; notes that a number of Member States see a need to support the development and deployment of both existing and a new generation of nuclear technologies, as well as the entire nuclear fuel cycle, that will contribute to building a competitive technological supply chain in the EU so as to ensure open strategic autonomy; stresses the importance of assessing the full cost of the entire nuclear energy life cycle, including construction, operation, security, environmental and health impacts, waste management and decommissioning; notes the existing and ongoing reliance on foreign providers, with approximately 97 % of the EU’s natural uranium supply in 2022 coming from oversea sources[33] and stresses the need to diversify  uranium and nuclear fuel supply sources and to follow the Euratom Supply Agency’s recommendation in developing reliable supply chains to meet the growing demand for nuclear and new nuclear technologies; notes, in this regard, the European Investment Bank’s recent decision to renew its support for strengthening European uranium enrichment capacities; underlines that small modular reactors (SMRs) and advanced modular reactors (AMRs) have the potential to enhance energy security by providing low-carbon power; notes, however, that the technology is not yet fully developed; welcomes the announced assessment of the possibility of streamlining licensing practices for new nuclear energy technologies such as SMRs;

    11. Recognises that renewable energy constitutes an enabler of energy autonomy and long-term security of supply; stresses that renewables are essential in delivering energy security as they already constitute the main source of home-grown energy for the EU; highlights the importance of maximising the use of existing renewable capacities, particularly by tackling the issue of curtailment, as grid congestion in the EU curtailed over 12 TWh of renewable electricity in 2023, resulting in an additional 4.2 million tons of CO₂ emissions[34]; notes that renewables have already helped to reduce EU dependence on Russian gas as they accounted for 25 % of the energy and 45 % of the electricity consumed in the EU in 2023; reaffirms the importance of sustained EU support for the development and deployment of established renewable technologies, such as solar, wind power, geothermal and heat pumps; reiterates the necessity of policy and investment support for less developed or emerging sectors in order to accelerate the deployment of renewable technologies that are the most relevant given their national and local circumstances, such as innovative geothermal technologies, biomethane, solar thermal, marine energy, tidal energy, osmotic energy and concentrated solar power; expresses concern that, without targeted support policies, some innovative technologies may fail to reach commercialisation in a timely manner, and therefore calls on the Member States to support their research, demonstration, market adoption and scale-up; calls on the Commission to present an investment plan for these renewable technologies;

    12. Notes, in particular, the potential of geothermal energy, estimated to reach 510 GW by 2035 at a capacity factor of 80-90 %; highlights the vast untapped resources in certain EU regions and calls on the Commission to deliver on Parliament’s call to support the development of geothermal energy, including through the establishment of risk mitigation instruments;

    13. Asks the IEA to conduct an analysis to assess the possibilities for using EU natural gas resources; notes that domestic EU natural gas production dropped by more than a third between 2020 and 2023 and that this decline is expected to continue with no significant near-term increase in the production of green gases, including biogas and biomethane, in the EU; notes that Draghi’s report highlights that while progressively decarbonising and moving to hydrogen and green gases in line with RED III and REPowerEU as a transitional measure, domestic natural gas production – where deemed justified by individual Member States – could also play a role in contributing to security of supply and avoiding exposure to negative geopolitical developments;

    14. Highlights that diversification is vital to mitigate the risk of supplier dominance in a changing geopolitical context; believes the EU needs to strengthen international partnerships with reliable suppliers of energy, raw materials and clean-tech components in all regions of the world, and, in particular, with European Economic Area countries;

    15. Underlines that enhancing energy security requires a holistic approach, notably through improving energy efficiency in key end-use energy sectors, such as buildings and industry, promoting energy savings, boosting investment in research and development, and ensuring meaningful citizen participation, all of which are essential to achieving a resilient, sustainable and inclusive energy system;

    16. Calls on the Commission to be mindful of future military capability and mobility needs in the development of the EU’s energy system; notes, with concern, that the EU is highly import-dependent for crude oil and petroleum products; calls on the Commission to prepare a comprehensive strategy on liquid fuels in order to ensure their readily available access for the military in a crisis situation, and to reduce dependencies on vulnerable import chains and unreliable producers, particularly thorough the development of advanced synthetic fuels (such as sustainable aviation fuels and e-fuels) in Europe;

    17. Draws attention to the Niinistö report’s recommendation on the need for further work on priority dual-use transport corridors for civilian and defence-related logistical needs, and on the expansion of fuel supply chains for the armed forces along these corridors, as well as stockpiling and strategic reserves of energy, that could be particularly useful for the regions with insufficiently developed pipeline infrastructure and fuel storage; calls, in this respect, on the Commission to review the Oil Stocks Directive in the light of recent geopolitical shifts and the military readiness needs in order to strengthen energy security and resilience against emerging military risks;

    18. Acknowledges the rapidly accelerating energy demand driven by the digital sector, particularly the substantial energy requirements of data centres and artificial intelligence systems; stresses that this trend highlights the urgent need for robust energy efficiency policies and underscores the importance of the EU proactively pursuing sustainable, forward-looking solutions to meet this growing demand while safeguarding the resilience of its energy system;

    A resilient energy infrastructure

    19. Notes that infrastructure bottlenecks impede the benefits of sector integration and aggravate the threats to energy security; underlines the importance of investing in new energy networks, including cross-border interconnectors and offshore grids, and optimising existing infrastructure to increase capacity using grid-enhancing technologies (GETs) while reducing new infrastructure needs, in order to enable the integration of renewables and other new generation facilities, close price gaps, improve the overall system efficiency and foster solidarity among the Member States in the event of an energy crisis; emphasises the need for technically sound infrastructure planning that takes into account geographical and natural characteristics while ensuring long-term viability and avoiding the creation of stranded assets;

    20. Calls on the Commission to urgently assess areas where interconnectors are insufficient so as to achieve the current 15 % interconnection target as set out in Regulation (EU) 2018/1999[35]; stresses the importance of Projects of Common Interest (PCIs) in facilitating the efficient and secure flow of electricity across Member States and regions, thereby strengthening cross-border integration and energy solidarity within the EU; acknowledges the role of the Connecting Europe Facility for Energy (CEF-E) in completing the above investments and reiterates its call for its funding to be significantly increased when proposing the next multiannual financial framework;

    21. Calls on the Member States to accelerate permitting procedures for electricity installations and networks; notes that excessively long permitting procedures could create legal uncertainty, undermining resource adequacy by delaying the implementation of critical projects – whether for repowering or revamping existing generation sites, or for developing transmission, distribution, or storage infrastructure; welcomes the positive progress made regarding provisions adopted in the latest revision of the Renewable Energy Directive and the Emergency Regulation on Permitting[36] to accelerate, streamline and simplify permit-granting procedures;

    22. Recalls that climate change continues to worsen, placing increasing stress on the energy system due to extreme weather events, such as heat waves, that lead to thermal power plant shutdowns, droughts that reduce generation output, and severe storms, floods and fires that damage electricity grids and gas pipelines; stresses that the impact of climate change on generation assets, networks and consumption patterns should be better integrated into the modelling and preparedness of energy infrastructure; emphasises the need for resilient energy system planning, incorporating climate-adaptive strategies such as advanced cooling technologies, grid flexibility, decentralised renewable generation and strengthened infrastructure protections; highlights the importance of integrating a climate-proofing plan, grounded in an initial risk-based assessment, into energy projects from the earliest stages of development;

    23. Calls on the Commission to build on Directive (EU) 2022/2557[37] on the resilience of critical entities by facilitating its full and harmonised implementation through the provision of best practices, guidance materials and methodologies, and cross-border training activities and exercises to support Member States, competent authorities and critical energy entities;

    24. Emphasises the need to invest in the protection and resilience of energy infrastructure against human-caused threats, such as military, hybrid and cyber attacks; expresses concern about recent sabotage incidents in the Baltic Sea and calls for stronger EU-level action to protect the EU’s critical energy infrastructure, including cross-border connections with non-EU countries, such as subsea pipelines and cables, offshore wind farms and interconnections, designed to support the most impacted Member States, and to complement national measures; welcomes, in this regard, the joint communication on the EU Action Plan on Cable Security;

    25. Notes that the decentralisation of the energy system, that both strengthens resilience and facilitates the energy transition, and increased diversity of sources and autonomy, reduce reliance on centralised power plants, minimise outage risks, enhance grid stability, and enable quicker recovery from disruptions; emphasises at the same time that the increased number of remote and dispersed sources of energy, energy storage and new connections require enhanced measures to ensure robust infrastructure protection;

    26. Calls on the Commission to draw on the lessons learned from the war in Ukraine, particularly the critical role of electricity interconnection, microgrids, distributed solar power, wind power and battery storage in ensuring greater resilience of the electricity grid against military attacks, including cyberattacks, drones and missiles; commends Ukraine’s sustained efforts to maintain the functionality and safety of its energy system in the face of Russia’s war of aggression, and underscores that supporting Ukraine also entails helping to safeguard the soundness of its national electrical grid;

    27. Notes, with concern, that small distributed energy resources (DERs) connected to the internet, such as inverters, are not covered by appropriate conformity assessment procedures under cybersecurity legislation, such as the Cyber Resilience Act[38], and since they can be remotely controlled and their software updated by the manufacturer, which, in many cases, are non-trusted vendors, they could give these non-trusted vendors control over EU electricity grids; urges the Commission to establish mandatory risk assessments for DERs based on the country of origin, ensuring that devices controlled from jurisdictions with potential security concerns are subject to strict oversight and localisation requirements; calls for enhanced resilience in European supply chains by promoting EU-based manufacturing of DERs and fostering alliances with trusted international partners; highlights the need for an adequate number of professionals specialised in cybersecurity and close coordination among Member States to address these vulnerabilities;

    28. Calls on energy companies that manage critical infrastructure to work closely with the EU Agency for Cybersecurity and equip themselves with the most advanced cybersecurity tools; considers that cooperation with NATO in the field of cybersecurity should be strengthened in order to counter hybrid threats to Europe’s energy security;

    29. Notes that the Member States need to do their utmost to increase their resilience, which encompasses the ability to prevent, protect against, respond to, resist, mitigate, absorb, accommodate and recover from incidents, taking into full account the interdependence of the EU energy market and the potential domino effect that infrastructure failures in one country may have across the Union; underlines, in particular, the need to strengthen the recovery aspect, which could be achieved through an efficient European repair and response mechanism and national and regional operational plans, which could serve as an important element of the EU’s deterrence strategy; notes the importance of EU solidarity in responding to potential infrastructure incidents, ensuring coordinated action and mutual support among Member States;

    30. Recalls that energy infrastructure constitutes a particularly sensitive sector in need of protection against foreign interests; urges the Member States and the Commission to address security risks associated with foreign investment in and acquisitions of energy infrastructure; expresses concern about a series of potentially sensitive foreign investments, particularly in grids; welcomes, in this regard, the ongoing revision of the Foreign Investment Screening Regulation[39] as a timely step towards adopting a stringent strategic approach to the development and oversight of European energy infrastructure;

    31. Stresses that energy security should include the supply of key clean technologies, components and critical raw materials and notes the need for their diversified sourcing; calls for increased support for the EU’s grid manufacturing industry as a strategic pillar of the energy transition, with particular emphasis on ensuring a fair and competitive regulatory environment for European manufacturers, while exploring the potential for local content requirements to strengthen energy security, supply chain resilience and industrial competitiveness; calls for an update of the Public Procurement Framework to simplify and reduce the administrative burden for grid operators to access the needed grid technologies;

    32. Emphasises the importance of integrating circularity principles into the design of critical infrastructure and equipment, and calls for increased support for their implementation, with the goal of reducing the EU’s dependence on imports of foreign raw materials and enhancing resource efficiency;

    Phase out of Russian energy supplies

    33. Highlights that the challenges posed by a lack of solidarity in the EU and by some Member States prioritising particular interests have made the whole continent aware of the dangers of dependence on an unreliable energy supplier weaponising energy exports; underlines that the lessons learned from Russia’s war of aggression against Ukraine need to be at the core of future EU actions, particularly highlighting the critical importance of a united European response in order to eliminate perilous dependencies in energy supplies;

    34. Underlines that the EU has made advances in reducing its energy dependence thanks largely to the REPowerEU plan and the 16 sanctions packages, leading to a decline in imports of Russian gas (pipeline and LNG) from 45 % of total EU gas imports in 2021 to 19 % as of 2024;

    35. Expresses deep concern that the EU still maintains its reliance on Russian gas and, moreover, has recently seen an increase, with imports rising by 18 % in 2024 and continuing to grow in 2025[40]; notes that in 2024 alone, Member States purchased an estimated EUR 7 billion worth of Russian LNG, and since Russia’s invasion of Ukraine, the EU has imported EUR 200 billion worth of Russian oil and gas – totally[41] fuelling Russia’s war machine;

    36. Welcomes the publication of a roadmap for phasing out Russian energy imports, which must pave the way for their definitive end as soon as possible;

    37. Welcomes the stepwise prohibition of Russian gas imports proposed by the Commission; stresses the need to introduce an EU-wide ban on all Russian natural gas imports by 2027 at the latest, and on new contracts and existing spot contracts by the end of 2025; insists that the Member States, including those currently benefiting from targeted derogations for Russian oil imports, should ultimately phase out these imports by 2027 at the latest; welcomes the upcoming legislative proposals in this regard and calls on the Commission to explore the use of all available transitional instruments that could lead to the end of Russian fossil fuel imports by 2027, such as the introduction of a regular quota system for Russian gas imports into the EU and the introduction of a ceiling price for Russian LNG, following an assessment of market and price impacts; calls on the Commission to provide EU companies with effective and legally sound toolkits to facilitate their efforts to get out of long-term contracts with Russian suppliers without incurring penalties;

    38. Calls on the Member States to include gas deliveries to the EU from the Yamal LNG and Arctic LNG 2 terminals in the scope of EU sanctions and the respective sanctioning of the singular fleet of ice-class LNG carriers linked to the Yamal LNG project; notes that sanctioning LNG carriers would be highly effective, as there is a limited number of ice-class LNG carriers in the world; stresses that the above actions would require adequate assessments of the legal and economic impacts on the European companies concerned and to ensure their ability to exit contracts;

    39. Commends the inclusion of the nuclear supply chain in the roadmap; notes, with concern, that Russian nuclear fuel remains present in the EU market, including through indirect supply chains, and that in 2023, 23.5 % of the uranium consumed in the EU came from Russia and 30.1 % of the uranium used in the EU’s nuclear fleet was enriched by Russia; notes that while domestic providers are ramping up capacity in their European facilities to meet increased demand, as utilities proactively move away from Russian supply, clear policy decisions are urgently required at EU and national level to address the above vulnerabilities in the nuclear supply chain; calls therefore for support for projects within the Union that contribute to greater autonomy and security of nuclear fuel supply;

    40. Expresses concern that official data does not provide a complete picture of Russian energy imports and their final destination, as relabelled Russian oil and gas continue to enter the EU market; notes with regret that this, in some cases, occurs with the acquiescence of the state actors involved;

    41. Agrees that an adequate assessment of the amount of Russian energy imports is a prerequisite for phasing out this dependence; regrets the continued whitewashing of Russian energy imports and stresses the need for greater transparency in the EU energy market; calls on the Member States to publish data on the origin of imported, exported and consumed Russian gas, and urges the application of all measures against the whitewashing of Russian energy imports; notes that relevant reporting obligations laid down under Regulation (EU) 2024/1787 on methane emissions reduction in the energy sector can contribute to achieving this goal;

    42. Welcomes the upcoming proposals for transparency, monitoring and traceability mechanisms, as the effective implementation of sanctions depends on compatible control mechanisms in all Member States; underscores the urgent need to develop a legal mechanism to ensure the transparency and traceability of natural gas originating in Russia and exported to the EU as liquefied natural gas and by pipeline, and eventually to cover oil imports; stresses that this mechanism should be extended to energy imports from other destinations in the future; considers that the mechanism would require cooperation between various services, including EU competition services, the Agency for the Cooperation of Energy Regulators (ACER) and national customs authorities; asks the Member States to consider strengthening the criminal investigation powers of national customs authorities to ensure the effectiveness of the above mechanism and introducing sufficient deterrent measures and fines, such as adequate financial penalties for sanctions evasion;

    43. Stresses the need to adopt a legal framework for diversification, requiring each Member State to prepare, in a coordinated manner and through the appropriate competent authorities, an exit plan for Russian energy sources and to support and oversee the preparation and implementation of specialised exit plans at the level of undertakings active in their respective energy sectors; considers that these plans should include domestic production and demand reduction dimensions;

    44. Strongly condemns the calls for a return to Russian energy imports as part of the peace settlement in Ukraine; firmly rejects the idea of the possible certification of the Nord Stream 2 pipeline and insists on the complete decommissioning of Nord Stream pipelines; warns against the EU falling back into dependency on an unreliable supplier and calls on the Commission and the Member States to develop safeguards against this, such as a countersignature by the Commission on any potential contracts with Russia or the mandatory use of the AggregateEU platform for this type of purchase;

    45. Recalls that energy is a fundamental necessity; emphasises that the phase out of Russian energy imports must be a collective effort, ensuring that no Member State, company or household is left behind; emphasises that Member States are not equally positioned to phase out Russian energy imports in the same manner, and therefore urges strong solidarity among them, alongside appropriate support measures from the Commission to ensure a fair and coordinated transition;

    46. Notes that, in the near-term, there is the need to replace phased out Russian energy imports with reliable non-EU sources and urges the Commission therefore to propose measures that ensure their sufficient substitution from trusted partners; stresses, however, that Russian energy supplies should not be replaced by new dependencies in supplies, and therefore that, in the long term, energy imports should be progressively reduced through effective measures to support decarbonisation, electrification and energy efficiency and savings in the sectors where it is possible and cost-efficient, as well as through the development of domestic energy production in line with the REPowerEU plan;

    47. Emphasises that energy dependence on Russia also should not be replaced by new dependencies on individual suppliers of energy technologies, components or critical raw materials;

    Revision of security of supply framework

    48. Welcomes the upcoming revision of the Security of Supply architecture including the Gas Security of Supply Regulation and the Electricity Risk Preparedness Regulation, and other relevant legislation; considers that the new EU security of supply architecture should reflect such fundamental shifts as increasing cross-sectoral integration of the energy system, the new geopolitical landscape, the profound changes in supply routes, the impact of climate change, as well as changes in the maturity of energy technologies reflected in shifts of levelised costs of energy and the opportunities this presents for the energy transition;

    49. Highlights that energy efficiency plays a critical role in enhancing the security of energy supply by reducing overall energy demand, lowering dependency on energy imports and increasing system resilience; considers that the new security of supply framework should be broadened to reflect a new way of looking at the security of energy supply, based not only on energy sources, but also on the energy efficiency first principle, energy savings, cost efficiency, as well as the ability to produce different types of energy domestically; notes that, in the near-term, the Union should concentrate on effective and solid weaning of Russian energy imports without loopholes, including through securing alternatives supplies from reliable partners and better use of existing infrastructure, while in parallel continuing to develop domestic alternatives to imported energy products, where possible; stresses, nevertheless, the imperative to develop a future-proof security of supply architecture that systematically reduces dependence on external actors, notably by advancing energy efficiency, promoting energy savings, enhancing circularity and ensuring the sustained growth of home-grown clean energy production and well-protected decentralised energy infrastructure;

    50. Emphasises the need to prioritise the resilience of energy infrastructure, drawing on the lessons learned from Russia’s war of aggression against Ukraine, the targeted attacks on its energy systems and the benefits of decentralised energy systems; considers that new energy assets should be ‘resilient by design’, including to possible military threats and extreme weather events;

    51. Stresses the need for greater cooperation among all actors on the resilience of energy infrastructure to both climate impacts and human-caused threats; insists that the protection of this infrastructure requires greater involvement of governments, including through public-private partnerships; welcomes, in this regard, the Niinistö report recommendation to engage with the private sector in institutionalising de-risking efforts, cross-sector stress tests and proactive security measures; asks the Commission to ensure that such cooperation is reflected in plans covering incident management and recovery, and is subject to regular exercises; notes that the Union’s preparedness strategy includes actions to strengthen public-private partnerships and calls on the Commission to further develop relevant specific measures for the energy sector in the review of the security of supply architecture;

    52. Notes the need to accommodate in the security of supply architecture the integration of renewable and low-carbon gases, such as biomethane and hydrogen; recalls that the Hydrogen Strategy already recognised the role that renewable and low-carbon hydrogen production can play in providing flexibility and storage in an integrated energy system with a high share of renewables; calls on the Commission to recognise the complementarities between hydrogen and electricity in the future Electrification Action Plan, in line with energy sector integration, and to set clear conditions for the ramp-up of hydrogen to contribute to the energy transition, particularly in hard-to-abate sectors;

    53. Stresses the need to include affordability risks in national risk assessments; calls for transparency on the implementation of national risk-preparedness measures to increase trust between the Member States; notes the advantages of greater coherence on protected consumer categories (consistent categories and gradation of disconnection priority for grid users) to allow coordinated consumer load-shedding plans to be defined, including plans to support vulnerable households affected by, or at risk of, energy poverty during an energy crisis;

    54. Highlights the need for a unified, resilient and strategically coordinated energy policy; emphasises that as the EU energy markets become more integrated, energy security is increasingly becoming a shared responsibility of the Member States, thus requiring solidarity and coordination in order to prevent unilateral actions that could undermine the security of the entire EU; warns that a unilateral decision by a single actor to enter into a harmful energy agreement with a non-EU country could expose the whole EU to renewed energy crises, price volatility and geopolitical pressure;

    55. Notes the need for stronger coordination between the Member States on the decommissioning of ageing generation units with cross-border impact, as well as on withdrawal from the system of generation capacity in order to ensure that alternative installations have been completed and are in operation, as this affects the availability and affordability of energy in neighbouring countries;

    56. Underlines that data-driven technologies should positively impact energy security management; recognises the importance of comprehensive energy information and data in identifying and responding to evolving energy security threats and in infrastructure planning, and calls for improved coordination in the collection of such information and data;

    57. Calls on the Commission to include in the security of supply proposal technical provisions for the standardisation and interoperability of critical components of the EU’s energy system, particularly electrical transformers, to ensure that a lack of standardisation does not hinder European solidarity;

    58. Welcomes the establishment by the European Network of Transmission System Operators for Electricity (ENTSO-E) of a new Task Force on the Security of Critical Infrastructure, aimed at analysing and proposing recommendations on the topic of security of critical infrastructure; stresses the importance of incorporating lessons learned from Ukraine’s experience, including the valuable expertise of the dedicated unit within the Ukrainian Transmission System Operator (TSO) tasked with identifying and mitigating threats to critical infrastructure; calls on the Commission to collaborate closely with ENTSO-E in delivering a comprehensive and systemic assessment of threats to the EU electricity grid, to be completed by 2026;

    °

    ° °

    59. Instructs its President to forward this resolution to the Council and the Commission.

     

    MIL OSI Europe News

  • MIL-OSI Africa: Hydrogen Growth, Water Risk – Can Africa Balance Both?

    Free Live Webinar Hosted by ESI Africa
    Reserve My Seat Now (https://apo-opa.co/45OsWDH)

    As Africa positions itself to lead in the green hydrogen economy, one vital resource sits at the centre of this transformation: water.

    Green hydrogen production via electrolysis requires large quantities of water — a pressing challenge on a continent where water scarcity already threatens communities, agriculture, and industry.

    Join ESI Africa for a live webinar unpacking the complex connection between hydrogen development and water resource management across Africa. This session will explore the opportunities, trade-offs, and innovations shaping the continent’s sustainable hydrogen future.

    What You’ll Learn:

    • The water intensity of green hydrogen — and what it means for Africa
    • Technologies enabling hydrogen production with minimal freshwater use
    • Planning and policy tools to align hydrogen development with water sustainability
    • Africa’s potential to lead a balanced, green hydrogen economy

    Secure your seat now – space is limited (https://apo-opa.co/45OsWDH)

    Why Attend?

    This is a critical conversation for energy planners, water authorities, hydrogen developers, policymakers, and anyone working at the intersection of Africa’s energy and environmental future. Learn how Africa can scale hydrogen without compromising water security.

    Date: 24 July 2025
    Time: 14:00–15:00 (SAST)
    Format: Free Virtual Webinar
    Registration Link: https://apo-opa.co/45OsWDH

    Readers can also read more about the webinar here: https://apo-opa.co/4nsa2J3

    Distributed by APO Group on behalf of Vuka Group.

    MIL OSI Africa

  • MIL-OSI: Bitcoin Hits $108K Amid Europe Heatwave — RI Mining Release AI-Powered Green Cloud Mining to Earn BTC & DOGE by Mining XRP

    Source: GlobeNewswire (MIL-OSI)

    Gloucester, England, June 30, 2025 (GLOBE NEWSWIRE) — As Bitcoin surges to a historic $108,000 during Europe’s unprecedented heatwave, the demand for sustainable, eco-friendly cryptocurrency mining has reached a critical peak. RI Mining proudly introduces its AI-powered green cloud mining platform, designed to meet the growing need for environmentally conscious crypto mining solutions.

    Climate Urgency Meets Next-Gen Crypto Mining

    Europe’s record-breaking heatwave has intensified the global call for greener energy solutions across industries. Cryptocurrency mining, often criticized for its environmental impact, is rapidly evolving. RI Mining platform combines advanced artificial intelligence with 100% renewable energy sources, delivering a cloud mining experience that maximizes efficiency while minimizing environmental footprint.

    Robert Chen, RI Mining’s Strategic Vice President, said:
    “The future of wealth is rooted in sustainability. By harnessing green energy and intelligent technology, we empower everyone to participate in a cleaner, smarter form of crypto mining.”

    Why RI Mining Stands Out in Cloud Mining

    RIMining seamlessly integrates innovation and environmental stewardship by offering:

    • AI-Optimized Mining Operations: Dynamic resource allocation enhances efficiency and profitability.
    • 100% Renewable Energy Usage: Mining operations powered exclusively by solar, wind, geothermal, and green hydrogen energy.
    • Multi-currency support: the platform supports more than 10 cryptocurrency settlements: including DOGE, BTC, ETH, SOL, BCH, XRP, USDC, LTC, USDT-TRC20 and USDT-ERC20, etc.
    • Transparent, Flexible Contracts: Clear terms, predictable ROI, and zero hidden fees.
    • User-Friendly Platform: Designed for both novices and experts, featuring real-time monitoring and dedicated support.

    Green Energy Strategy: RI Mining Core Commitment

    From its inception, RI Mining has prioritized 100% renewable energy as the foundation of its operations. Each mining facility operates independently, backed by green power purchase agreements with regional energy providers. The platform utilizes a diversified mix of solar, wind, geothermal, and green hydrogen power.

    Advanced energy storage systems ensure stable and continuous mining, overcoming renewable energy intermittency and maximizing environmental benefits. This strategic approach exemplifies RI Mining’s commitment to leading the crypto mining industry towards carbon neutrality and sustainable innovation.

    Flexible Bitcoin Mining Packages

    RIMining offers flexible contracts with competitive cloud mining ROI:

    Package Investment Total Profit
    [Newbie Plan] BTC  $100 $100 + $8
    [Basic Hashrate Contract]BTC $600 $600 + $47.16
    [Basic Hashrate Contract]DOGE $2,800 $2,800 + $592.2
    [Intermediate Hashrate Contract]BTC $4,800 $4,800 + $1471.68
    [Advanced Hashrate Contract]BTC $53,000 $53,000 + $42214.5

    *Estimated returns based on current network conditions and green energy efficiencies; actual returns may vary.

    Click here to explore the $100 XRP mining contract.    ✅More potential future benefits

    How to Start Mining with RI Mining

    1. Register: Quickly create an account at https://www.RImining.com.

    Only an email account required(Register & Get $15)

    1. Choose a Contract: Select a mining package that fits your budget and goals.

    Select your XRP or other crypto asset

    1. Start Mining: Access the dashboard to track your earnings daily, supported by 24/7 customer service.

    Conclusion: Green Crypto Revolution

    Bitcoin’s historic climb amid Europe’s intense heatwave underscores the urgent need for environmentally conscious innovation. RI Mining sincerely invites investors to join hands in embracing a new era of crypto mining that balances sustainability and technological advancement, collectively driving the flourishing green crypto industry, popularizing green mining principles, democratizing crypto mining, and enabling more people to participate in this environmental revolution.

    Media Contact

    RI Mining Media Team

    Official website: www.RImining.com

    Email:  info@RIMining.com

    Download App:Click to enter download

    Disclaimer:This announcement is for informational purposes only and does not constitute investment advice. Cryptocurrency mining involves risks including potential capital loss. Investors should conduct thorough due diligence and consult financial advisors before engaging.

    Attachment

    The MIL Network

  • MIL-OSI: Bitcoin Hits $108K Amid Europe Heatwave — RI Mining Release AI-Powered Green Cloud Mining to Earn BTC & DOGE by Mining XRP

    Source: GlobeNewswire (MIL-OSI)

    Gloucester, England, June 30, 2025 (GLOBE NEWSWIRE) — As Bitcoin surges to a historic $108,000 during Europe’s unprecedented heatwave, the demand for sustainable, eco-friendly cryptocurrency mining has reached a critical peak. RI Mining proudly introduces its AI-powered green cloud mining platform, designed to meet the growing need for environmentally conscious crypto mining solutions.

    Climate Urgency Meets Next-Gen Crypto Mining

    Europe’s record-breaking heatwave has intensified the global call for greener energy solutions across industries. Cryptocurrency mining, often criticized for its environmental impact, is rapidly evolving. RI Mining platform combines advanced artificial intelligence with 100% renewable energy sources, delivering a cloud mining experience that maximizes efficiency while minimizing environmental footprint.

    Robert Chen, RI Mining’s Strategic Vice President, said:
    “The future of wealth is rooted in sustainability. By harnessing green energy and intelligent technology, we empower everyone to participate in a cleaner, smarter form of crypto mining.”

    Why RI Mining Stands Out in Cloud Mining

    RIMining seamlessly integrates innovation and environmental stewardship by offering:

    • AI-Optimized Mining Operations: Dynamic resource allocation enhances efficiency and profitability.
    • 100% Renewable Energy Usage: Mining operations powered exclusively by solar, wind, geothermal, and green hydrogen energy.
    • Multi-currency support: the platform supports more than 10 cryptocurrency settlements: including DOGE, BTC, ETH, SOL, BCH, XRP, USDC, LTC, USDT-TRC20 and USDT-ERC20, etc.
    • Transparent, Flexible Contracts: Clear terms, predictable ROI, and zero hidden fees.
    • User-Friendly Platform: Designed for both novices and experts, featuring real-time monitoring and dedicated support.

    Green Energy Strategy: RI Mining Core Commitment

    From its inception, RI Mining has prioritized 100% renewable energy as the foundation of its operations. Each mining facility operates independently, backed by green power purchase agreements with regional energy providers. The platform utilizes a diversified mix of solar, wind, geothermal, and green hydrogen power.

    Advanced energy storage systems ensure stable and continuous mining, overcoming renewable energy intermittency and maximizing environmental benefits. This strategic approach exemplifies RI Mining’s commitment to leading the crypto mining industry towards carbon neutrality and sustainable innovation.

    Flexible Bitcoin Mining Packages

    RIMining offers flexible contracts with competitive cloud mining ROI:

    Package Investment Total Profit
    [Newbie Plan] BTC  $100 $100 + $8
    [Basic Hashrate Contract]BTC $600 $600 + $47.16
    [Basic Hashrate Contract]DOGE $2,800 $2,800 + $592.2
    [Intermediate Hashrate Contract]BTC $4,800 $4,800 + $1471.68
    [Advanced Hashrate Contract]BTC $53,000 $53,000 + $42214.5

    *Estimated returns based on current network conditions and green energy efficiencies; actual returns may vary.

    Click here to explore the $100 XRP mining contract.    ✅More potential future benefits

    How to Start Mining with RI Mining

    1. Register: Quickly create an account at https://www.RImining.com.

    Only an email account required(Register & Get $15)

    1. Choose a Contract: Select a mining package that fits your budget and goals.

    Select your XRP or other crypto asset

    1. Start Mining: Access the dashboard to track your earnings daily, supported by 24/7 customer service.

    Conclusion: Green Crypto Revolution

    Bitcoin’s historic climb amid Europe’s intense heatwave underscores the urgent need for environmentally conscious innovation. RI Mining sincerely invites investors to join hands in embracing a new era of crypto mining that balances sustainability and technological advancement, collectively driving the flourishing green crypto industry, popularizing green mining principles, democratizing crypto mining, and enabling more people to participate in this environmental revolution.

    Media Contact

    RI Mining Media Team

    Official website: www.RImining.com

    Email:  info@RIMining.com

    Download App:Click to enter download

    Disclaimer:This announcement is for informational purposes only and does not constitute investment advice. Cryptocurrency mining involves risks including potential capital loss. Investors should conduct thorough due diligence and consult financial advisors before engaging.

    Attachment

    The MIL Network

  • MIL-OSI Submissions: How the ‘Big Beautiful Bill’ positions US energy to be more costly for consumers and the climate

    Source: The Conversation – USA (2) – By Daniel Cohan, Professor of Civil and Environmental Engineering, Rice University

    Proposed revisions to U.S. energy policy would likely raise consumer prices and climate-warming emissions. zpagistock/Moment via Getty Images

    When it comes to energy policy, the “One Big Beautiful Bill Act” – the official name of a massive federal tax-cut and spending bill that House Republicans passed in May 2025 – risks raising Americans’ energy costs and greenhouse gas emissions.

    The 1,100-page bill would slash incentives for green technologies such as solar, wind, batteries, electric cars and heat pumps while subsidizing existing nuclear power plants and biofuels. That would leave the country and its people burning more fossil fuels despite strong popular and scientific support for a rapid shift to renewable energy.

    The bill may still be revised by the Senate before it moves to a final vote. But it is a picture of how President Donald Trump and congressional Republicans want to reshape U.S. energy policy.

    As an environmental engineering professor who studies ways to confront climate change, I think it is important to distinguish which technologies could rapidly cut emissions or are on the verge of becoming viable from those that do little to fight climate change. Unfortunately, the House bill favors the latter while nixing support for the former.

    Renewable energy

    Wind and solar power, often paired with batteries, are providing over 90% of the new electricity currently being added to the grid nationally and around the world. Geothermal power is undergoing technological breakthroughs. With natural gas turbines in short supply and long lead times to build other resources, renewables and batteries offer the fastest way to satisfy growing demand for power.

    However, the House bill rescinds billions of dollars that the Inflation Reduction Act, enacted in 2022, devoted to boosting domestic manufacturing and deployments of renewable energy and batteries.

    It would terminate tax credits for manufacturing for the wind industry in 2028 and for solar and batteries in 2032. That would disrupt the boom in domestic manufacturing projects that was being stimulated by the Inflation Reduction Act.

    Deployments would be hit even harder. Wind, solar, geothermal and battery projects would need to commence construction within 60 days of passage of the bill to receive tax credits.

    In addition, the bill would deny tax credits to projects that use Chinese-made components. Financial analysts have called those provisions “unworkable,” since some Chinese materials may be necessary even for projects built with as much domestic content as possible.

    Analysts warn that the House bill would cut new wind, solar and battery installations by 20% compared with the growth that had been expected without the bill. That’s why BloombergNEF, an energy research firm, called the bill a “nightmare scenario” for clean energy proponents.

    However, one person’s nightmare may be another man’s dream. “We’re constraining the hell out of wind and solar, which is good,” said Rep. Chip Roy, a Texas Republican backed by the oil and gas industry.

    Wind turbines and solar panels generate renewable energy side by side near Palm Springs, Calif.
    Mario Tama/Getty Images

    Efficiency and electric cars

    Cuts fall even harder on Americans who are trying to reduce their carbon footprints and energy costs. The bill repeals aid for home efficiency improvements such as heat pumps, efficient windows and energy audits. Homeowners would also lose tax credits for installing solar panels and batteries.

    For vehicles, the bill would not only repeal tax credits for electric cars, trucks and chargers, but it also would impose a federal $250 annual fee on vehicles, on top of fees that some states charge electric-car owners. The federal fee is more than the gas taxes paid by other drivers to fund highways and ignores air-quality and climate effects.

    Combined, the lost credits and increased fees could cut projected U.S. sales of electric vehicles by 40% in 2030, according to modeling by Jesse Jenkins of Princeton University.

    Nuclear power

    Meanwhile, the bill partially retains a tax credit for electricity from existing nuclear power plants. Those plants may not need the help: Electricity demand is surging, and companies like Meta are signing long-term deals for nuclear energy to power data centers. Nuclear plants are also paid to manage their radioactive waste, since the country lacks a permanent place to store it.

    For new nuclear plants, the bill would move up the deadline to 2028 to begin construction. That deadline is too soon for some new reactor designs and would rush the vetting of others. Nuclear safety regulators are awaiting a study from the National Academies on the weapons proliferation risks of the type of uranium fuel that some developers hope to use in newer designs.

    The House-passed bill would protect government subsidies for existing nuclear power plants, like the one in the background, while limiting support for wind turbines.
    Scott Olson/Getty Images

    Biofuels

    While cutting funding for electric vehicles, the bill would spend $45 billion to extend tax credits for biofuels such as ethanol and biodiesel.

    Food-based biofuels do little good for the climate because growing, harvesting and processing crops requires fertilizers, pesticides and fuel. The bill would allow forests to be cut to make room for crops because it directs agencies to ignore the impacts of biofuels on land use.

    Hydrogen

    The bill would end tax credits for hydrogen production. Without that support, companies will be unlikely to invest in the seven so-called “hydrogen hubs” that were allocated a combined $8 billion under the Bipartisan Infrastructure Law in 2021. Those hubs aim to attract $40 billion in private investments and create tens of thousands of jobs while developing cleaner ways to make hydrogen.

    The repealed tax credits would have subsidized hydrogen made emissions-free by using renewable or nuclear electricity to split water molecules. They also would have subsidized hydrogen made from natural gas with carbon capture, whose benefits are impaired by methane emissions from natural gas systems and incomplete carbon capture.

    However it’s made, hydrogen is no panacea. As the world’s smallest molecule, hydrogen is prone to leaking, which can pose safety challenges and indirectly warm the climate. And while hydrogen is essential for making fertilizers and potentially useful for making steel or aviation fuels, vehicles and heating are more efficiently powered by electricity than by hydrogen.

    Still, European governments and China are investing heavily in hydrogen production.

    As Congress deliberates on the One Big Beautiful Bill Act, the nation’s energy agenda is one of many issues being hotly debated.
    Kevin Carter/Getty Images

    Summing it up

    The conservative Tax Foundation estimates that the House bill would cut the Inflation Reduction Act’s clean energy tax credits by about half, saving the government $50 billion a year. But with fewer efficiency improvements, fewer electric vehicles and less clean power on the grid, Princeton’s Jenkins projects American households would pay up to $415 more per year for energy by 2035 than if the bill’s provisions were not enacted. If the bill’s provisions make it into law, the extra fossil fuel-burning would leave annual U.S. greenhouse gas emissions 1 billion tons higher by then.

    No one expected former President Joe Biden’s Inflation Reduction Act to escape unscathed with Republicans in the White House and dominating both houses of Congress. Still, the proposed cuts target the technologies Americans count on to protect the climate and save consumers money.

    Daniel Cohan receives funding from the Carbon Hub at Rice University.

    ref. How the ‘Big Beautiful Bill’ positions US energy to be more costly for consumers and the climate – https://theconversation.com/how-the-big-beautiful-bill-positions-us-energy-to-be-more-costly-for-consumers-and-the-climate-257783

    MIL OSI

  • MIL-OSI Submissions: How the ‘Big Beautiful Bill’ positions US energy to be more costly for consumers and the climate

    Source: The Conversation – USA (2) – By Daniel Cohan, Professor of Civil and Environmental Engineering, Rice University

    Proposed revisions to U.S. energy policy would likely raise consumer prices and climate-warming emissions. zpagistock/Moment via Getty Images

    When it comes to energy policy, the “One Big Beautiful Bill Act” – the official name of a massive federal tax-cut and spending bill that House Republicans passed in May 2025 – risks raising Americans’ energy costs and greenhouse gas emissions.

    The 1,100-page bill would slash incentives for green technologies such as solar, wind, batteries, electric cars and heat pumps while subsidizing existing nuclear power plants and biofuels. That would leave the country and its people burning more fossil fuels despite strong popular and scientific support for a rapid shift to renewable energy.

    The bill may still be revised by the Senate before it moves to a final vote. But it is a picture of how President Donald Trump and congressional Republicans want to reshape U.S. energy policy.

    As an environmental engineering professor who studies ways to confront climate change, I think it is important to distinguish which technologies could rapidly cut emissions or are on the verge of becoming viable from those that do little to fight climate change. Unfortunately, the House bill favors the latter while nixing support for the former.

    Renewable energy

    Wind and solar power, often paired with batteries, are providing over 90% of the new electricity currently being added to the grid nationally and around the world. Geothermal power is undergoing technological breakthroughs. With natural gas turbines in short supply and long lead times to build other resources, renewables and batteries offer the fastest way to satisfy growing demand for power.

    However, the House bill rescinds billions of dollars that the Inflation Reduction Act, enacted in 2022, devoted to boosting domestic manufacturing and deployments of renewable energy and batteries.

    It would terminate tax credits for manufacturing for the wind industry in 2028 and for solar and batteries in 2032. That would disrupt the boom in domestic manufacturing projects that was being stimulated by the Inflation Reduction Act.

    Deployments would be hit even harder. Wind, solar, geothermal and battery projects would need to commence construction within 60 days of passage of the bill to receive tax credits.

    In addition, the bill would deny tax credits to projects that use Chinese-made components. Financial analysts have called those provisions “unworkable,” since some Chinese materials may be necessary even for projects built with as much domestic content as possible.

    Analysts warn that the House bill would cut new wind, solar and battery installations by 20% compared with the growth that had been expected without the bill. That’s why BloombergNEF, an energy research firm, called the bill a “nightmare scenario” for clean energy proponents.

    However, one person’s nightmare may be another man’s dream. “We’re constraining the hell out of wind and solar, which is good,” said Rep. Chip Roy, a Texas Republican backed by the oil and gas industry.

    Wind turbines and solar panels generate renewable energy side by side near Palm Springs, Calif.
    Mario Tama/Getty Images

    Efficiency and electric cars

    Cuts fall even harder on Americans who are trying to reduce their carbon footprints and energy costs. The bill repeals aid for home efficiency improvements such as heat pumps, efficient windows and energy audits. Homeowners would also lose tax credits for installing solar panels and batteries.

    For vehicles, the bill would not only repeal tax credits for electric cars, trucks and chargers, but it also would impose a federal $250 annual fee on vehicles, on top of fees that some states charge electric-car owners. The federal fee is more than the gas taxes paid by other drivers to fund highways and ignores air-quality and climate effects.

    Combined, the lost credits and increased fees could cut projected U.S. sales of electric vehicles by 40% in 2030, according to modeling by Jesse Jenkins of Princeton University.

    Nuclear power

    Meanwhile, the bill partially retains a tax credit for electricity from existing nuclear power plants. Those plants may not need the help: Electricity demand is surging, and companies like Meta are signing long-term deals for nuclear energy to power data centers. Nuclear plants are also paid to manage their radioactive waste, since the country lacks a permanent place to store it.

    For new nuclear plants, the bill would move up the deadline to 2028 to begin construction. That deadline is too soon for some new reactor designs and would rush the vetting of others. Nuclear safety regulators are awaiting a study from the National Academies on the weapons proliferation risks of the type of uranium fuel that some developers hope to use in newer designs.

    The House-passed bill would protect government subsidies for existing nuclear power plants, like the one in the background, while limiting support for wind turbines.
    Scott Olson/Getty Images

    Biofuels

    While cutting funding for electric vehicles, the bill would spend $45 billion to extend tax credits for biofuels such as ethanol and biodiesel.

    Food-based biofuels do little good for the climate because growing, harvesting and processing crops requires fertilizers, pesticides and fuel. The bill would allow forests to be cut to make room for crops because it directs agencies to ignore the impacts of biofuels on land use.

    Hydrogen

    The bill would end tax credits for hydrogen production. Without that support, companies will be unlikely to invest in the seven so-called “hydrogen hubs” that were allocated a combined $8 billion under the Bipartisan Infrastructure Law in 2021. Those hubs aim to attract $40 billion in private investments and create tens of thousands of jobs while developing cleaner ways to make hydrogen.

    The repealed tax credits would have subsidized hydrogen made emissions-free by using renewable or nuclear electricity to split water molecules. They also would have subsidized hydrogen made from natural gas with carbon capture, whose benefits are impaired by methane emissions from natural gas systems and incomplete carbon capture.

    However it’s made, hydrogen is no panacea. As the world’s smallest molecule, hydrogen is prone to leaking, which can pose safety challenges and indirectly warm the climate. And while hydrogen is essential for making fertilizers and potentially useful for making steel or aviation fuels, vehicles and heating are more efficiently powered by electricity than by hydrogen.

    Still, European governments and China are investing heavily in hydrogen production.

    As Congress deliberates on the One Big Beautiful Bill Act, the nation’s energy agenda is one of many issues being hotly debated.
    Kevin Carter/Getty Images

    Summing it up

    The conservative Tax Foundation estimates that the House bill would cut the Inflation Reduction Act’s clean energy tax credits by about half, saving the government $50 billion a year. But with fewer efficiency improvements, fewer electric vehicles and less clean power on the grid, Princeton’s Jenkins projects American households would pay up to $415 more per year for energy by 2035 than if the bill’s provisions were not enacted. If the bill’s provisions make it into law, the extra fossil fuel-burning would leave annual U.S. greenhouse gas emissions 1 billion tons higher by then.

    No one expected former President Joe Biden’s Inflation Reduction Act to escape unscathed with Republicans in the White House and dominating both houses of Congress. Still, the proposed cuts target the technologies Americans count on to protect the climate and save consumers money.

    Daniel Cohan receives funding from the Carbon Hub at Rice University.

    ref. How the ‘Big Beautiful Bill’ positions US energy to be more costly for consumers and the climate – https://theconversation.com/how-the-big-beautiful-bill-positions-us-energy-to-be-more-costly-for-consumers-and-the-climate-257783

    MIL OSI

  • MIL-OSI Submissions: How the ‘Big Beautiful Bill’ positions US energy to be more costly for consumers and the climate

    Source: The Conversation – USA (2) – By Daniel Cohan, Professor of Civil and Environmental Engineering, Rice University

    Proposed revisions to U.S. energy policy would likely raise consumer prices and climate-warming emissions. zpagistock/Moment via Getty Images

    When it comes to energy policy, the “One Big Beautiful Bill Act” – the official name of a massive federal tax-cut and spending bill that House Republicans passed in May 2025 – risks raising Americans’ energy costs and greenhouse gas emissions.

    The 1,100-page bill would slash incentives for green technologies such as solar, wind, batteries, electric cars and heat pumps while subsidizing existing nuclear power plants and biofuels. That would leave the country and its people burning more fossil fuels despite strong popular and scientific support for a rapid shift to renewable energy.

    The bill may still be revised by the Senate before it moves to a final vote. But it is a picture of how President Donald Trump and congressional Republicans want to reshape U.S. energy policy.

    As an environmental engineering professor who studies ways to confront climate change, I think it is important to distinguish which technologies could rapidly cut emissions or are on the verge of becoming viable from those that do little to fight climate change. Unfortunately, the House bill favors the latter while nixing support for the former.

    Renewable energy

    Wind and solar power, often paired with batteries, are providing over 90% of the new electricity currently being added to the grid nationally and around the world. Geothermal power is undergoing technological breakthroughs. With natural gas turbines in short supply and long lead times to build other resources, renewables and batteries offer the fastest way to satisfy growing demand for power.

    However, the House bill rescinds billions of dollars that the Inflation Reduction Act, enacted in 2022, devoted to boosting domestic manufacturing and deployments of renewable energy and batteries.

    It would terminate tax credits for manufacturing for the wind industry in 2028 and for solar and batteries in 2032. That would disrupt the boom in domestic manufacturing projects that was being stimulated by the Inflation Reduction Act.

    Deployments would be hit even harder. Wind, solar, geothermal and battery projects would need to commence construction within 60 days of passage of the bill to receive tax credits.

    In addition, the bill would deny tax credits to projects that use Chinese-made components. Financial analysts have called those provisions “unworkable,” since some Chinese materials may be necessary even for projects built with as much domestic content as possible.

    Analysts warn that the House bill would cut new wind, solar and battery installations by 20% compared with the growth that had been expected without the bill. That’s why BloombergNEF, an energy research firm, called the bill a “nightmare scenario” for clean energy proponents.

    However, one person’s nightmare may be another man’s dream. “We’re constraining the hell out of wind and solar, which is good,” said Rep. Chip Roy, a Texas Republican backed by the oil and gas industry.

    Wind turbines and solar panels generate renewable energy side by side near Palm Springs, Calif.
    Mario Tama/Getty Images

    Efficiency and electric cars

    Cuts fall even harder on Americans who are trying to reduce their carbon footprints and energy costs. The bill repeals aid for home efficiency improvements such as heat pumps, efficient windows and energy audits. Homeowners would also lose tax credits for installing solar panels and batteries.

    For vehicles, the bill would not only repeal tax credits for electric cars, trucks and chargers, but it also would impose a federal $250 annual fee on vehicles, on top of fees that some states charge electric-car owners. The federal fee is more than the gas taxes paid by other drivers to fund highways and ignores air-quality and climate effects.

    Combined, the lost credits and increased fees could cut projected U.S. sales of electric vehicles by 40% in 2030, according to modeling by Jesse Jenkins of Princeton University.

    Nuclear power

    Meanwhile, the bill partially retains a tax credit for electricity from existing nuclear power plants. Those plants may not need the help: Electricity demand is surging, and companies like Meta are signing long-term deals for nuclear energy to power data centers. Nuclear plants are also paid to manage their radioactive waste, since the country lacks a permanent place to store it.

    For new nuclear plants, the bill would move up the deadline to 2028 to begin construction. That deadline is too soon for some new reactor designs and would rush the vetting of others. Nuclear safety regulators are awaiting a study from the National Academies on the weapons proliferation risks of the type of uranium fuel that some developers hope to use in newer designs.

    The House-passed bill would protect government subsidies for existing nuclear power plants, like the one in the background, while limiting support for wind turbines.
    Scott Olson/Getty Images

    Biofuels

    While cutting funding for electric vehicles, the bill would spend $45 billion to extend tax credits for biofuels such as ethanol and biodiesel.

    Food-based biofuels do little good for the climate because growing, harvesting and processing crops requires fertilizers, pesticides and fuel. The bill would allow forests to be cut to make room for crops because it directs agencies to ignore the impacts of biofuels on land use.

    Hydrogen

    The bill would end tax credits for hydrogen production. Without that support, companies will be unlikely to invest in the seven so-called “hydrogen hubs” that were allocated a combined $8 billion under the Bipartisan Infrastructure Law in 2021. Those hubs aim to attract $40 billion in private investments and create tens of thousands of jobs while developing cleaner ways to make hydrogen.

    The repealed tax credits would have subsidized hydrogen made emissions-free by using renewable or nuclear electricity to split water molecules. They also would have subsidized hydrogen made from natural gas with carbon capture, whose benefits are impaired by methane emissions from natural gas systems and incomplete carbon capture.

    However it’s made, hydrogen is no panacea. As the world’s smallest molecule, hydrogen is prone to leaking, which can pose safety challenges and indirectly warm the climate. And while hydrogen is essential for making fertilizers and potentially useful for making steel or aviation fuels, vehicles and heating are more efficiently powered by electricity than by hydrogen.

    Still, European governments and China are investing heavily in hydrogen production.

    As Congress deliberates on the One Big Beautiful Bill Act, the nation’s energy agenda is one of many issues being hotly debated.
    Kevin Carter/Getty Images

    Summing it up

    The conservative Tax Foundation estimates that the House bill would cut the Inflation Reduction Act’s clean energy tax credits by about half, saving the government $50 billion a year. But with fewer efficiency improvements, fewer electric vehicles and less clean power on the grid, Princeton’s Jenkins projects American households would pay up to $415 more per year for energy by 2035 than if the bill’s provisions were not enacted. If the bill’s provisions make it into law, the extra fossil fuel-burning would leave annual U.S. greenhouse gas emissions 1 billion tons higher by then.

    No one expected former President Joe Biden’s Inflation Reduction Act to escape unscathed with Republicans in the White House and dominating both houses of Congress. Still, the proposed cuts target the technologies Americans count on to protect the climate and save consumers money.

    Daniel Cohan receives funding from the Carbon Hub at Rice University.

    ref. How the ‘Big Beautiful Bill’ positions US energy to be more costly for consumers and the climate – https://theconversation.com/how-the-big-beautiful-bill-positions-us-energy-to-be-more-costly-for-consumers-and-the-climate-257783

    MIL OSI

  • MIL-OSI Submissions: How the ‘Big Beautiful Bill’ positions US energy to be more costly for consumers and the climate

    Source: The Conversation – USA (2) – By Daniel Cohan, Professor of Civil and Environmental Engineering, Rice University

    Proposed revisions to U.S. energy policy would likely raise consumer prices and climate-warming emissions. zpagistock/Moment via Getty Images

    When it comes to energy policy, the “One Big Beautiful Bill Act” – the official name of a massive federal tax-cut and spending bill that House Republicans passed in May 2025 – risks raising Americans’ energy costs and greenhouse gas emissions.

    The 1,100-page bill would slash incentives for green technologies such as solar, wind, batteries, electric cars and heat pumps while subsidizing existing nuclear power plants and biofuels. That would leave the country and its people burning more fossil fuels despite strong popular and scientific support for a rapid shift to renewable energy.

    The bill may still be revised by the Senate before it moves to a final vote. But it is a picture of how President Donald Trump and congressional Republicans want to reshape U.S. energy policy.

    As an environmental engineering professor who studies ways to confront climate change, I think it is important to distinguish which technologies could rapidly cut emissions or are on the verge of becoming viable from those that do little to fight climate change. Unfortunately, the House bill favors the latter while nixing support for the former.

    Renewable energy

    Wind and solar power, often paired with batteries, are providing over 90% of the new electricity currently being added to the grid nationally and around the world. Geothermal power is undergoing technological breakthroughs. With natural gas turbines in short supply and long lead times to build other resources, renewables and batteries offer the fastest way to satisfy growing demand for power.

    However, the House bill rescinds billions of dollars that the Inflation Reduction Act, enacted in 2022, devoted to boosting domestic manufacturing and deployments of renewable energy and batteries.

    It would terminate tax credits for manufacturing for the wind industry in 2028 and for solar and batteries in 2032. That would disrupt the boom in domestic manufacturing projects that was being stimulated by the Inflation Reduction Act.

    Deployments would be hit even harder. Wind, solar, geothermal and battery projects would need to commence construction within 60 days of passage of the bill to receive tax credits.

    In addition, the bill would deny tax credits to projects that use Chinese-made components. Financial analysts have called those provisions “unworkable,” since some Chinese materials may be necessary even for projects built with as much domestic content as possible.

    Analysts warn that the House bill would cut new wind, solar and battery installations by 20% compared with the growth that had been expected without the bill. That’s why BloombergNEF, an energy research firm, called the bill a “nightmare scenario” for clean energy proponents.

    However, one person’s nightmare may be another man’s dream. “We’re constraining the hell out of wind and solar, which is good,” said Rep. Chip Roy, a Texas Republican backed by the oil and gas industry.

    Wind turbines and solar panels generate renewable energy side by side near Palm Springs, Calif.
    Mario Tama/Getty Images

    Efficiency and electric cars

    Cuts fall even harder on Americans who are trying to reduce their carbon footprints and energy costs. The bill repeals aid for home efficiency improvements such as heat pumps, efficient windows and energy audits. Homeowners would also lose tax credits for installing solar panels and batteries.

    For vehicles, the bill would not only repeal tax credits for electric cars, trucks and chargers, but it also would impose a federal $250 annual fee on vehicles, on top of fees that some states charge electric-car owners. The federal fee is more than the gas taxes paid by other drivers to fund highways and ignores air-quality and climate effects.

    Combined, the lost credits and increased fees could cut projected U.S. sales of electric vehicles by 40% in 2030, according to modeling by Jesse Jenkins of Princeton University.

    Nuclear power

    Meanwhile, the bill partially retains a tax credit for electricity from existing nuclear power plants. Those plants may not need the help: Electricity demand is surging, and companies like Meta are signing long-term deals for nuclear energy to power data centers. Nuclear plants are also paid to manage their radioactive waste, since the country lacks a permanent place to store it.

    For new nuclear plants, the bill would move up the deadline to 2028 to begin construction. That deadline is too soon for some new reactor designs and would rush the vetting of others. Nuclear safety regulators are awaiting a study from the National Academies on the weapons proliferation risks of the type of uranium fuel that some developers hope to use in newer designs.

    The House-passed bill would protect government subsidies for existing nuclear power plants, like the one in the background, while limiting support for wind turbines.
    Scott Olson/Getty Images

    Biofuels

    While cutting funding for electric vehicles, the bill would spend $45 billion to extend tax credits for biofuels such as ethanol and biodiesel.

    Food-based biofuels do little good for the climate because growing, harvesting and processing crops requires fertilizers, pesticides and fuel. The bill would allow forests to be cut to make room for crops because it directs agencies to ignore the impacts of biofuels on land use.

    Hydrogen

    The bill would end tax credits for hydrogen production. Without that support, companies will be unlikely to invest in the seven so-called “hydrogen hubs” that were allocated a combined $8 billion under the Bipartisan Infrastructure Law in 2021. Those hubs aim to attract $40 billion in private investments and create tens of thousands of jobs while developing cleaner ways to make hydrogen.

    The repealed tax credits would have subsidized hydrogen made emissions-free by using renewable or nuclear electricity to split water molecules. They also would have subsidized hydrogen made from natural gas with carbon capture, whose benefits are impaired by methane emissions from natural gas systems and incomplete carbon capture.

    However it’s made, hydrogen is no panacea. As the world’s smallest molecule, hydrogen is prone to leaking, which can pose safety challenges and indirectly warm the climate. And while hydrogen is essential for making fertilizers and potentially useful for making steel or aviation fuels, vehicles and heating are more efficiently powered by electricity than by hydrogen.

    Still, European governments and China are investing heavily in hydrogen production.

    As Congress deliberates on the One Big Beautiful Bill Act, the nation’s energy agenda is one of many issues being hotly debated.
    Kevin Carter/Getty Images

    Summing it up

    The conservative Tax Foundation estimates that the House bill would cut the Inflation Reduction Act’s clean energy tax credits by about half, saving the government $50 billion a year. But with fewer efficiency improvements, fewer electric vehicles and less clean power on the grid, Princeton’s Jenkins projects American households would pay up to $415 more per year for energy by 2035 than if the bill’s provisions were not enacted. If the bill’s provisions make it into law, the extra fossil fuel-burning would leave annual U.S. greenhouse gas emissions 1 billion tons higher by then.

    No one expected former President Joe Biden’s Inflation Reduction Act to escape unscathed with Republicans in the White House and dominating both houses of Congress. Still, the proposed cuts target the technologies Americans count on to protect the climate and save consumers money.

    Daniel Cohan receives funding from the Carbon Hub at Rice University.

    ref. How the ‘Big Beautiful Bill’ positions US energy to be more costly for consumers and the climate – https://theconversation.com/how-the-big-beautiful-bill-positions-us-energy-to-be-more-costly-for-consumers-and-the-climate-257783

    MIL OSI

  • MIL-OSI Submissions: Marine fossil found in South Africa is one of a kind, thanks to unusual preservation

    Source: The Conversation – Africa (2) – By Sarah Gabbott, Professor of Palaeontology, University of Leicester

    A fossilised creature found in a South African roadside quarry 25 years ago has finally got an official name. The small, segmented, crustacean-like creature, dated to 444 million years ago, can now be introduced as Keurbos susanae. It belongs to the arthropod group of animals, which accounts for about 84% of all known species that exist today, including insects, spiders and crabs.

    Palaeontologist Sarah Gabbott explains what’s so unusual about her discovery, which she named as part of the process of describing it scientifically.

    What can you tell us about this creature and the environment it lived in?

    The fossil is about 50cm long and has 46 almost identical segments. Projecting from each is a delicate, gill-like structure. It would probably have looked like a bit like a horseshoe crab and the gills would have been for absorbing oxygen from the water it lived in. Its insides are exquisitely well-preserved, which is very unusual for fossils – normally only the hard, more decay-resistant external features would be preserved. You can see bundles of muscle fibres that would have powered the limbs, tendons and an internal scaffold structure that gave the animal rigidity.

    We think it would have spent most of its life living on, or more likely just above, the seafloor, probably walking and swimming in an undulatory (waving) motion.

    It lived in the immediate aftermath of the end Ordovician extinction event more than 440 million years ago, caused by glaciations (the spread of icy conditions) across vast swaths of the planet. This extinction wiped out about 85% of Earth’s species. The marine basin that Keurbos susanae inhabited was probably very cold and at times covered with sea ice.

    It was a relatively hostile environment in other ways too. Our analyses of the chemistry of the shales – the sediments on the sea bed where this animal and others lived, now turned to rock – shows that they were deposited under anoxic conditions (that is, there was no oxygen circulating freely in the water). And at times free hydrogen sulfide occurred in the sediment porewaters (the water in tiny spaces between grains of sediment) and even above the seafloor. Not much could live in these conditions and this was critical to this fossil’s amazing preservation.

    It meant the carcass was not scavenged by other animals after it died. Also, the chemistry was important in the process whereby the soft tissues, which should usually rot away rapidly, became mineralised quickly after death. This turned the animal’s anatomy to mineral which survived for hundreds of millions of years until it was discovered.

    It is preserved “inside out”.

    Keurbos susanae is a new genus and species which we are still trying to place among other early arthropods. The fact that its insides are better preserved than its outside makes it difficult to compare with other fossils that are preserved the “other way round”.

    How did you find the fossil and what else has been found in that area?

    The site is in the Cedarberg mountains, north of Cape Town. To collect fossils in this area you need a permit granted by the Council for Geoscience. Fossil-bearing rocks are protected by law because of their heritage and scientific value.

    Fossil hunting in these rocks takes a lot of hard work and patience, splitting open the shales with a hammer and chisel. These shale rocks are what’s left of layers of silt that were once on the sea floor. The fossils here are super rare: you can dig and split shale for days and not find a single fossil! But we know there are some in there because of discoveries made previously.

    I found two specimens. The first one is complete but the second one only has the middle part of the body preserved.

    In the same rocks we have found some of the earliest vertebrate fossils with mineralised teeth, called conodonts. They were eel shaped and predatory. Also eurypterids (sea scorpions), arthropods with powerful swimming appendages, which would have cruised through the frigid waters. There are also orthocones – a type of chambered cephalopod – like the mollusc fossils called ammonites, which have been found in large numbers, but with a straight shell instead of coiled.

    Why has it taken 25 years to describe Keurbos susanae scientifically?

    Two reasons really.

    First, because of the nature of preservation, where all the insides are perfectly preserved but the outside (the carapace or body covering) is absent, it is just difficult to interpret and compare to other fossils. And secondly because the specimen’s head and legs are missing and these are key characteristics that palaeontologists would use to help them to understand the evolutionary relationships of such fossils.

    If more specimens were to be found, with their heads and legs, we could be more certain about where this fossil fitted in the scheme of life. But the site where I found it has been covered in a lot of rock from quarrying activity. So we decided to describe what we had in the meantime, and not wait for more examples.

    The fossil’s name, Keurbos susanae, refers to the place where I found it and to my mother, Sue, who encouraged me to follow a career that made me happy, whatever that might be.

    Sarah Gabbott receives funding from Natural Environmental Research Council; National Geographic. She is affiliated with Green Circle Nature Regeneration CIC a not for profit Environmental Community Interest Company in the UK

    ref. Marine fossil found in South Africa is one of a kind, thanks to unusual preservation – https://theconversation.com/marine-fossil-found-in-south-africa-is-one-of-a-kind-thanks-to-unusual-preservation-255256

    MIL OSI

  • MIL-OSI Africa: South Africa’s Platinum Group Metals (PGMs) Sector in Focus as Isondo Precious Metals Chief Executive Officer (CEO) Joins African Mining Week (AMW)


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    Vinay Somera, CEO of South African fuel cell component manufacturer Isondo Precious Metals has joined the upcoming African Mining Week (AMW) 2025 – Africa’s premier gathering for mining stakeholders – as a speaker.

    Somera will join a high-level panel, South Africa’s Strategic Influence in the Global Platinum Group Metals (PGMs) Market, where he is expected to highlight efforts to maximize PGM production in South Africa. With the country supplying roughly 80% of the world’s PGMs –essential for electric vehicle and clean energy development – AMW 2025 will unpack the country’s strategic position in the global market, especially as the world enters its third consecutive year of supply deficits – expected to reach 848,000 ounces in 2025.

    African Mining Week serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@energycapitalpower.com.

    At AMW 2025, Somera is set to showcase how Isondo Precious Metals is producing membranes for green hydrogen fuel cells and electrolyzers using South African-sourced PGMs. Under his leadership, the company is scaling its fuel cell manufacturing capabilities and working with international partners on infrastructure development and workforce training. Isondo Precious Metals recently acquired hydrogen reduction equipment from U.S.-based Camco Furnaces and two test stations from Greenlight Innovations, where it is also conducting workforce development initiatives.

    As such, AMW 2025 represents an ideal platform for Somera to provide an update on Isondo Precious Metals’ strategy to deploy hydrogen refueling stations for hydrogen-powered buses and vehicles in South Africa. As Isondo Precious Metals advances its proof of concept for a new ammonia cracking generator, AMW 2025 offers a strategic platform for Somera to present the company’s investment and expansion plans to a targeted audience of South African, regional and global investors and partners.

    Distributed by APO Group on behalf of Energy Capital & Power.

    MIL OSI Africa