Blockchain Press Releases
BRIGHTSOURCE ENERGY, INC. Spins-Off Renewable Energy and Battery Storage Management Activity Headquartered in Israel
New BrightSource LTD, an Israeli-based management-and-employee-owned company, has acquired foreign operations and IP of BrightSource Energy, Inc.
HOUSTON, July 12, 2023 /PRNewswire/ — BrightSource Energy, Inc. (“BSE”), the world’s leading provider of concentrated solar thermal power (“CSP”) technology, announces the spin-off its Israeli, UK, and South African subsidiaries. As a result, those subsidiaries will form New BrightSource Energy LTD (“New BrightSource”)—a new company group headed by Izik Kirshenbaum and Israeli and UK management.
BSE, now renamed Kelvin Energy Inc. (“KE”), has become a minority shareholder in New BrightSource.
“This transaction, via a debt-free New BrightSource and its world class management and technology team, provides the best opportunity to create synergy between our CSP technology and emerging energy management markets,” said David Ramm, Chairman and CEO of BSE.
As a result of the spin-off, New BrightSource will pursue the market for renewable energy, battery storage management, and AI-based smart grid solutions.
New BrightSource’s technology portfolio provides the basis for new technologies that will be developed based on deep knowledge of distributed energy management. Through its newly acquired subsidiaries, New BrightSource will also continue to provide CSP technology including project and support services to the existing BSE projects in Israel, Dubai, and South Africa.
“We look forward to becoming a central player in the solving of the challenges of global decarbonization and providing a sustainable environment for generations to come,” said Izik Kirshenbaum, who will serve as Chairman and CEO of New BrightSource. “I am blessed and honored with the opportunity to lead the excellent team at New BrightSource, with its breakthrough technologies of intelligent energy management for the exciting emerging markets of smart renewable grid.”
Kelvin Energy Inc., which maintains its equity position in its Ivanpah, CA, project, will continue to provide technical advisory services at Ivanpah and may pursue CSP business opportunities in the US and Canada.
“After considering numerous strategic alternatives over the past several years,” said BSE Vice Chairman Troy Taylor, “this spin-off transaction creates the best path forward to explore new CSP opportunities while maximizing potential value for existing KE stakeholders.”
Contacts:
BrightSource Energy, Inc/Kelvin Energy, Inc.
David Ramm, CEO
New BrightSource Energy LTD
Izik Kirshenbaum, CEO
View original content:https://www.prnewswire.co.uk/news-releases/brightsource-energy-inc-spins-off-renewable-energy-and-battery-storage-management-activity-headquartered-in-israel-301875833.html
Blockchain
MicroStrategy boosts Bitcoin holdings to 214,400 BTC with $7.8m purchase
MicroStrategy has increased its Bitcoin holdings to 214,400 BTC with a recent purchase of $7.8 million worth of the cryptocurrency. This move further solidifies MicroStrategy’s position as a major institutional holder of Bitcoin and demonstrates its continued bullish outlook on the digital asset.
MicroStrategy, a publicly traded business intelligence firm, has been actively accumulating Bitcoin as part of its treasury strategy, viewing the cryptocurrency as a long-term store of value and hedge against inflation. The recent purchase of $7.8 million worth of Bitcoin adds to the company’s already substantial holdings, reaffirming its confidence in the future potential of the digital currency.
MicroStrategy’s ongoing accumulation of Bitcoin reflects a broader trend of institutional adoption and investment in the cryptocurrency space. As more companies recognize the value proposition of Bitcoin as a hedge against economic uncertainty and fiat currency devaluation, they are increasingly allocating funds to acquire and hold the digital asset.
Overall, MicroStrategy’s decision to boost its Bitcoin holdings with a $7.8 million purchase underscores the company’s conviction in the long-term viability and potential of Bitcoin as a strategic asset. This move is likely to further encourage other institutions to explore Bitcoin as a component of their investment portfolios, driving continued growth and adoption in the cryptocurrency market.
Source: crypto.news
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Blockchain
Pollbits Redefines Crypto Trading Standards with Industry-Leading Features and Services
PollBits is redefining crypto trading standards with its industry-leading features and services. This platform is making waves in the cryptocurrency trading space by offering innovative solutions and setting new benchmarks for excellence.
PollBits stands out from other crypto trading platforms by introducing cutting-edge features and services that cater to the needs of traders and investors. By prioritizing user experience and functionality, PollBits is enhancing the trading experience and empowering users to make informed decisions in the dynamic cryptocurrency market.
PollBits’ commitment to excellence and innovation is driving its success and setting it apart as a leader in the industry. With its focus on providing industry-leading features and services, PollBits is positioning itself as a go-to platform for traders seeking a reliable and user-friendly trading experience.
Overall, PollBits’ redefinition of crypto trading standards underscores the rapid evolution and maturation of the cryptocurrency industry. As platforms like PollBits continue to push the boundaries of innovation, traders and investors can expect greater accessibility, transparency, and efficiency in cryptocurrency trading, ultimately contributing to the growth and adoption of digital assets worldwide.
Source: cryptonews.com
The post Pollbits Redefines Crypto Trading Standards with Industry-Leading Features and Services appeared first on HIPTHER Alerts.
Blockchain
Fantasy Metaverse Darklume – Presale is LIVE
The presale for Fantasy Metaverse Darklume is now live. This development marks a significant milestone for the project, signaling its progression towards launch and the realization of its vision for a fantasy-themed metaverse.
Fantasy Metaverse Darklume aims to create an immersive virtual world inspired by fantasy themes, offering users the opportunity to explore, interact, and engage with others in a digital environment. The presale phase represents an early opportunity for participants to acquire tokens associated with the project, potentially securing access to exclusive benefits or privileges within the metaverse once it is fully operational.
The launch of the presale underscores the growing interest in metaverse projects and their potential to redefine how people interact and socialize in virtual spaces. As the concept of the metaverse continues to gain traction, initiatives like Fantasy Metaverse Darklume are poised to play a significant role in shaping the future of digital experiences and entertainment.
The presale for Fantasy Metaverse Darklume represents an exciting opportunity for investors and enthusiasts to get involved in a promising project at an early stage. As development progresses and the metaverse evolves, participants can look forward to a new realm of immersive experiences and creative possibilities in the digital landscape.
Source: the-blockchain.com
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