December 15, 2022

Monaco Smart Yacht Rendezvous: promoting sustainable innovative solutions for superyachts

Monaco Smart Yacht Rendezvous

Bringing innovation all along a yacht’s life cycle. 23rd-24th of March 2023

MONACO, Dec. 15, 2022 (GLOBE NEWSWIRE) — Under the aegis of the Monaco, Capital of Advanced Yachting approach and following the success of its Monaco Smart & Sustainable Marina Rendezvous, M3 (Monaco Marina Management), a Monegasque consultancy specialised in eco-marinas, launches the first Monaco Smart Yacht Rendezvous, with the support of Prince Albert II of Monaco Foundation, Credit Suisse and MB92. This networking event will take place 23-24 March 2023 at Yacht Club de Monaco during Monaco Ocean Week, culminating in the Smart Innovative Yacht Awards. An industry in the throes of transforming, the Luxury Yacht sector is mobilising players who have already begun to make significant steps towards a more sustainable future. To drive the energy transition, this networking event is an opportunity for owners and players in the industry to discover the technical challenges that need to be overcome and facilitate new partnerships, particularly in the circular economy. “It is imperative to involve the entire ecosystem to make it more virtuous by encouraging exchanges and bringing on innovations that can effect major changes to the industry. Today it’s a priority. We started with infrastructures, the Monaco Smart & Sustainable Marina Rendezvous (next one: 24-25 September 2023), and logic dictates that we continue with yachts as the two are inextricably linked,” says Jose Marco Casellini, CEO of M3.

A first online session of networking has been organized by Blumorpho, expert of innovation for a sustainable economy, with the participation of Marc Hervás, Sustainability Coordinator at MB92, world leader for superyacht refits, repairs and maintenance committed to sustainable development and Laurent Perignon, yachting and new technologies consultant. The objective was to introduce to innovation actors (start-ups, scale-ups and companies) the interest and needs in innovation of shipyards throughout the life cycle of a yacht. A second session is scheduled for 12^th January 2023 at 5.00pm, with Paris Baloumis, Group Marketing Director of constructor Oceanco.

For more information:
LaPresse SpA Communication and Press Office Director
Barbara Sanicola – barbara.sanicola@lapresse.it

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GlobeNewswire Distribution ID 8715542

December 15, 2022

Fogo de Chão Announces Expansion Into Bolivia for the First Time

Leading restaurant from Brazil continues international growth momentum with signing of franchise agreement

Fogo BarraShopping

Earlier in 2022, Fogo de Chão opened the doors to its newest Brazil location at Rio de Janeiro’s BarraShopping, one of the largest retail and dining destinations in South America. https://fogodechao.com/newsroom

DALLAS, Dec. 15, 2022 (GLOBE NEWSWIRE) — Fogo de Chão, the internationally-renowned restaurant from Brazil that allows guests to make discoveries at every turn, today announced its planned entrance into Bolivia with the signing of a franchise development agreement with Ventura Brands LLC. Ventura Brands LLC is part of The DAHER Group of Companies and is set to develop three Fogo locations in Bolivia. The DAHER Group includes several well-known companies across industries such as retail, restaurants, luxury automotive services and technology. This announcement follows Fogo’s recently announced plans to enter Costa Rica, El Salvador, Canada and the Philippines and marks a significant step in the company’s execution of its international expansion plans. The DAHER Group joins Fogo’s existing international franchise partners in Canada, Philippines, Mexico and the Middle East.

Fogo Queens

In December 2022, Fogo opened its newest New York City restaurant in Queens across from Queens Center Mall. https://fogodechao.com/newsroom

With 70 locations worldwide and growing, earlier this year Fogo announced a 15 percent planned annual growth rate through company-owned restaurants, with an additional international capital light franchise development strategy. This includes 8-10 company-owned restaurants and 1-2 international franchise restaurant openings this year, backed by a strong pipeline of new restaurant development, to meet demand in new and existing markets. Fogo’s newest openings include restaurants in El Segundo, Calif., Coral Gables, Fla., Friendswood, Texas, Rio de Janeiro, Brazil, Queens, N.Y., Reston, Va. and Monterrey, Mexico.

Fogo Reston

Fogo opened the Reston, Va. location in December 2022, marking the 70th location globally for the brand. https://fogodechao.com/newsroom

“As a company founded in Southern Brazil, we are honored to partner with Abdallah Daher, Founder & CEO and Sergio Loma, General Manager, and their accomplished team at The DAHER Group and Ventura Brands to bring Fogo to our Bolivian neighbors,” said Barry McGowan, Chief Executive Officer of Fogo de Chão. “This agreement marks an important step as we continue to scale our brand internationally. We look forward to bringing the culinary art of churrasco to Bolivia and welcoming our local guests soon.”

Fogo Coral Gables

Guests can enjoy new brand extensions such as the Next Level Lounge and The Butchery in the recently opened Coral Gables, Fla. Location. https://fogodechao.com/newsroom

Founded by Abdallah Daher, The DAHER Group operates prominent and respected businesses across several sectors. Additionally, The DAHER Group owns and operates Ventura Mall, the largest, most successful mall in Bolivia and franchises several retail and restaurant brands within the mall including Hard Rock Café, Johnnie Rockets, Mango, Calvin Klein, Hugo Boss and Armani Exchange. Sergio Loma, General Manager of Ventura Mall, will oversee the development of the Fogo brand in Bolivia.

“We are proud to partner with Fogo de Chão and see tremendous value in the brand that has proven success across the globe,” said Abdallah Daher, Founder of The DAHER Group. “Incredible hospitality and fire-roasted steaks are such an important part of the Bolivian dining culture. We believe Fogo’s upscale dining experience will be celebrated by locals and visitors alike.”

Founded in Southern Brazil in 1979, Fogo de Chão is a nearly 45-year-old brand known for its dining experience of discovery and showcasing the culinary art of churrasco where guests can watch as gaucho chefs butcher, hand-carve and grill high-quality cuts of protein over an open flame. With a modern, timeless design and signature offerings including a fresh and seasonal Market Table and an award-winning Bar Fogo menu featuring hand-crafted cocktails and South American wines, Fogo has become a destination of choice by both brand advocates and new guests globally.

For more information about Fogo de Chão, visit fogo.com. To learn more about global franchising opportunities, visit fogo.com/global-development/.

About Fogo de Chão
Fogo de Chão (fogo-dee-shown) is an internationally renowned restaurant that allows guests to discover what’s next at every turn. Founded in Southern Brazil in 1979, Fogo elevates the centuries-old cooking technique of churrasco – the art of roasting high-quality cuts of meat over an open flame – into a cultural dining experience of discovery. In addition to its Market Table and Feijoada Bar – which includes seasonal salads and soup, fresh vegetables, imported charcuterie and more – guests are served simply-seasoned meats that are butchered, fire-roasted and carved tableside by gaucho chefs. Guests can also indulge in dry-aged or premium Wagyu cuts, seafood a la carte, All-Day Happy Hour including signature cocktails, and an award-winning South American wine list, as well as smaller, sharable plates in Bar Fogo. Fogo offers differentiated menus for all dayparts including lunch, dinner, weekend brunch and group dining, plus full-service catering and contactless takeout and delivery options. For locations and more information about Fogo de Chão, visit fogo.com.

About DAHER Group
The Daher Group is a representative and successful business conglomerate in Bolivia with more than 40 years of commercial and business history, recognized for its contribution to business development and developer of highly recognized global brands including Hard Rock Café, Johnnie Rockets, Mango, Calvin Klein, Hugo Boss and Armani Exchange.

In December 2022, Fogo opened its newest New York City restaurant in Queens across from Queens Center Mall. https://fogodechao.com/newsroom

Fogo opened the Reston, Va. location in December 2022, marking the 70^th location globally for the brand. https://fogodechao.com/newsroom

Guests can enjoy new brand extensions such at the Next Level Lounge and The Butchery in the recently opened Coral Gables, Fla. location. https://fogodechao.com/newsroom

Media Contact:
FogoPR@icrinc.com

Photos accompanying this announcement are available at
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GlobeNewswire Distribution ID 8715041

December 15, 2022

Dubai Announces Initiative to Become First Certified Autism Destination™ in Middle East North Africa Region

Specialized training will be provided to attractions and resorts as a first step to welcome autistic and sensory-sensitive visitors from all over the globe and start the journey towards certification that will have a lasting impact.

Dubai shares plans to become Certified Autism Destination

DUBAI, Arab Emirates, Dec. 15, 2022 (GLOBE NEWSWIRE) — Dubai is taking steps to enhance the destination’s accessibility and inclusion for travelers from all over the world to the next level. The Dubai Economy and Tourism department is spearheading this movement with the International Board of Credentialing and Continuing Education Standards (IBCCES) to designate the first-ever Certified Autism Destination (CAD) outside the United States. The first phase of this initiative means all Dubai attractions, hospitality and entertainment organizations will have access to specialized autism-specific training designed to enhance staff knowledge, understanding and strategies for communication, guest experience and safety to better serve and accommodate people of determination.

With 1 in 6 people having sensory needs and rising global autism diagnosis rates, there is an overwhelming need for more accessibility options in the travel and entertainment industry. Many autistic and sensory-sensitive individuals and their families find it challenging when visiting new places or planning family trips due to lack of staff understanding or supports.

In alignment with HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, National Policy for Empowering People of Determination, Dubai’s Certified Autism Destination initiative helps support this plan by focusing on areas of inclusion and city stakeholder empowerment. Through the training and eventual certification with IBCCES, Dubai’s leading entertainment, hospitality and travel facilities will become essential entities to furthering the initiative and create an accessible destination for people of determination.

“We want to ensure that all visitors have the best possible experience when visiting Dubai. We are proud to partner with IBCCES to provide staff training to equip Dubai’s hospitality and entertainment teams with the tools and training needed to better serve people of determination, including those who are autistic or sensory-sensitive,” said Issam Kazim, CEO of Dubai Corporation for Tourism and Commerce. “IBCCES is recognized all over the globe as the international standard for autism training and certification and millions of families look to them for guidance on travel questions and approved destinations. We want these families to know Dubai stands ready to welcome them with open arms. We aim to encourage all travel and entertainment facilities in Dubai to take the next step and complete the IBCCES autism certification program to help Dubai become the next Certified Autism Destination.”

This IBCCES and Dubai Economy and Tourism partnership will open a new destination for these families to visit where they can feel welcomed and understood. IBCCES training and certification programs specifically for travel and entertainment organizations such as theme parks, attractions and hotels, help staff feel knowledgeable and empowered to serve these visitors better and create a more standardized, credible and long-term approach to efforts toward accessibility and providing accommodations for the guests. Research released earlier this year by Expedia Group Media Solutions shows 7 out of 10 consumers would choose a destination, lodging, or transportation option that is more inclusive to all types of travelers, even if it’s more expensive and 92% of consumers think it’s important for travel providers to meet the accessibility needs of all travelers; therefore, the demand for more accessible travel options is a universal want among all travelers.

The next step to achieve the Certified Autism Destination designation will require a variety of travel and entertainment locations to undergo IBCCES’ Certified Autism Center (CAC) certification process. Beyond staff training, the CAC process will also include onsite reviews to provide additional recommendations and supports so that attractions and resorts can enhance the visitor experience.

“It is a great honor to partner with Dubai Economy and Tourism department to elevate the level of commitment to a city-wide mission and become leaders in the tourism industry,” said Myron Pincomb, IBCCES Board Chairman. “So many families need more communication and understanding from travel destinations, so they can make those memories together that we all cherish. In some cases, small changes can make a huge impact. Our training and certification programs ensure each entertainment, hospitality, and service industry facility within Dubai is committed to long-term growth and understanding, not just a one-time training.”

For more than 20 years, IBCCES has been the leader in cognitive disorder training and certification for healthcare, education, and corporate professionals around the globe. IBCCES created programs specifically for hospitality and entertainment organizations such as hotels, theme parks, and other attractions so staff would be more knowledgeable and other accommodations offered to this growing, but underserved, part of the community. IBCCES is the only credentialing board offering these types of programs, including onsite reviews, sensory guide creation, and ongoing support to ensure locations continue to successfully provide accommodations and positive experiences. IBCCES also ensures autistic self-advocates and clinical and subject matter experts are featured in training content.

IBCCES also created AutismTravel.com, a free online resource for parents that lists certified destinations and connects families to other resources and each other. Each destination listed on the site has met the Certified Autism Center (CAC) requirements.

Contact Information:
Myron Pincomb
IBCCES Board Chairman
myron@ibcces.org
+1 904 608 0493

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December 15, 2022

Plug and Nikola Announce Collaboration to Push Hydrogen Economy Forward

Companies enter into a Green Hydrogen Supply Agreement. Plug will be supplying green hydrogen to Nikola starting in 2023, and ramping up to a 125 TPD take-or-pay commitment as Plug’s green hydrogen network continues to come online.

Nikola to purchase a 30 TPD liquefaction system from Plug for its Arizona Hydrogen Hub

Plug to purchase up to 75 Nikola Tre FCEVs over the next three years

Emphasizes Plug’s commitment to sustainability by driving down greenhouse gas emissions within the hydrogen ecosystem

LATHAM, N.Y., Dec. 15, 2022 (GLOBE NEWSWIRE) — Plug Power (Nasdaq: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, and Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, today announced a strategic relationship focused on moving the hydrogen economy forward.

Plug and Nikola have executed a Green Hydrogen Supply Agreement. Plug will be supplying green hydrogen to Nikola starting January 1, 2023, with volumes ramping up to 125 tons per day (TPD) as Plug’s green hydrogen production network continues to come online. The agreement anticipates 125 TPD volume by the end of 2026, with 80% under a take-or-pay contract.

Nikola has awarded Plug the contract to provide one 30 TPD hydrogen liquefaction system for Nikola’s recently announced Arizona hydrogen hub. The Plug designed, engineered and manufactured liquefaction system is for the first phase of Nikola’s Arizona hydrogen hub, with a potential to scale up to 150 TPD. Nikola plans to provide access of up to 300 TPD of hydrogen supply and up to 60 hydrogen dispensing stations by 2026. Nikola’s Arizona hub is currently going through the permitting and rezoning process, and procurement of long-lead equipment is underway. Plug’s hydrogen liquefaction system has one of the most energy-efficient and cost-effective designs on the market, utilizing hydrogen as the refrigerant in the main liquefaction cycle.

“Nikola and Plug share a common vision for sustainable, efficient, energy solutions which supports our commitment to decarbonize the transportation industry,” said Nikola President, Energy, Carey Mendes. “This strategic relationship will help underpin Nikola’s ambitious growth plans to expand the hydrogen energy business and to support the adoption of Nikola’s zero-emission Class 8 trucks.”

As part of Plug’s commitment to advancing the decarbonization of energy, up to 75 Nikola Tre Fuel Cell Electric Vehicle (FCEVs) will be purchased over the next three years to bring green hydrogen to Plug customers in North America, with the first trucks being delivered in 2023. This initiative underscores Plug’s commitment to decarbonize the hydrogen ecosystem by driving down Plug’s current scope 1 emissions by as much as 50%, while decarbonizing the hydrogen supply chain for its customers. The acquired FCEVs will be paired with Plug’s liquid hydrogen tankers. The Plug hydrogen tanker is the largest and lightest trailer ever manufactured, with unprecedented over-the-road payloads.

“Today’s announcement demonstrates Plug’s leadership in the green hydrogen economy and its ability to make the adoption of hydrogen as easy as possible,” said Sanjay Shrestha, CSO and General Manager of Energy Solutions for Plug. “Our vertically integrated solutions, which are designed to fit individual customer needs, include hydrogen production equipment or the delivery of green hydrogen fuel, whichever is preferred. We look forward to our strategic relationship with Nikola as we advance the hydrogen economy forward.”

A proven leader in the hydrogen economy, Plug is building the world’s first end-to-end green hydrogen ecosystem and remains on track to have 500 TPD of green hydrogen generation network in North America by 2025 and 1,000 TPD on a global basis by 2028. Plug’s green hydrogen supply, combined with other sources of hydrogen, is expected to help Nikola further buildout a robust portfolio and Nikola FCEV sales.

About Plug

Plug is building an end-to-end green hydrogen ecosystem, from production, storage and delivery to energy generation, to help its customers meet their business goals and decarbonize the economy. In creating the first commercially viable market for hydrogen fuel cell technology, the company has deployed more than 50,000 fuel cell systems and over 165 fueling stations, more than anyone else in the world, and is the largest buyer of liquid hydrogen. With plans to build and operate a green hydrogen highway across North America and Europe, Plug is building a state-of-the-art Gigafactory to produce electrolyzers and fuel cells and multiple green hydrogen production plants that will yield 500 tons of liquid green hydrogen daily by 2025. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple environments, including material handling, e-mobility, power generation, and industrial applications. For more information, visit www.plugpower.com.

Plug Safe Harbor Statement

This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve significant risks and uncertainties about Plug Power Inc. (“PLUG”), including but not limited to statements about: PLUG’s design, construction, commissioning and operation of each hydrogen generation plant and through the use of Plug’s electrolyzers, liquefaction capabilities and cryogenic tankers, PLUG’s targets of 45 tons per day of green hydrogen production by the end of 2022 in North America, 500 tons per day by 2025 in North America, and 1,000 tons per day globally by 2028. PLUG’s plans to provide its industry-leading liquefaction equipment for Nikola’s recently announced Arizona hydrogen hub. Plug’s equipment will be engineered to produce 30 metric-tons per day in its first phase, and will scale up to 150 metric-tons per day upon completion. Plug’s commitment to advancing the decarbonization of energy; the initial order of up to 75 Nikola Tre Fuel Cell Electric Vehicles (FCEVs) to support Plug operations in the transport of green hydrogen to customers in North America. The acquired FCEVs potential to pair with Plug’s liquid hydrogen tankers; the claim that they are the largest and lightest trailer ever manufactured, and potential for unprecedented over-the-road payloads. Plug’s option to assist Nikola in marketing FCEVs as part of its comprehensive energy solutions to its customers; Plug’s expectation to benefit from Nikola’s projected heavy-duty truck demand for hydrogen through increased asset utilization; Enabling more efficient operations and lower costs, while supporting continued supply growth through capacity expansions at existing facilities and the development of new hubs. The supply could help Nikola de-risk hydrogen development through supply that blends with and enhances other hydrogen supply sources to create a robust portfolio, which is expected to enable Nikola FCEV sales in key markets, starting in 4Q 2023. Such statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in these statements. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of PLUG in general, see PLUG’s public filings with the Securities and Exchange Commission (the “SEC”), including the “Risk Factors” section of PLUG’s Annual Report on Form 10-K for the year ended December 31, 2021 and any subsequent filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements are made as of the date hereof, and PLUG undertakes no obligation to update such statements as a result of new information.

Plug Media Inquiries

Caitlin Coffee
Allison+Partners
plugPR@allisonpr.com

GlobeNewswire Distribution ID 8715031

December 15, 2022

Hitachi Energy selected as technology partner to support the transmission of renewable power between Canada and the United States

Substantial modernization of a key transmission system in Canada will support the transfer of electricity between Montreal and New York.

Zurich, Switzerland, Dec. 15, 2022 (GLOBE NEWSWIRE) — Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, today announced that it has been selected by Hydro-Québec for its high-voltage direct current (HVDC) technology for the transmission of electricity, which will ensure the sustainability of the energy exchange between the Quebec network, in eastern Canada, and New York State in the northeastern United States.

Hydro-Québec, the largest hydroelectricity producer in Canada and one of the largest hydroelectricity producers in the world, is a public company that generates, transmits, and distributes reliable, clean and renewable electricity in Québec. Thanks to its surplus energy, it supplies the Canadian provinces and the northeastern United States.

The Châteauguay HVDC system will enable the transmission of up to 1,500 megawatts of electricity between the electrical networks of Quebec and the state of New York which will contribute to maintaining a low carbon footprint in the region. This new system will replace existing equipment which has been in operation since 1984^*1, increasing the efficiency and controllability, plus raising the power conversion capacity of the Châteauguay HVDC system^*2 by 50 percent.

*1 Châteauguay “back-to-back” HVDC converter station

*2 Subject to authorization by the Régie de l’énergie du Québec of the project to replace the converter units at Châteauguay substation.

“We are proud to be returning to the Chateauguay HVDC station, after helping to build it almost four decades ago,” said Niklas Persson, Managing Director of Hitachi Energy’s Grid Integration business. “This new system represents an important enhancement to the ability to transmit large-scale hydro power between Canada and the United States, which will support the shift away from fossil fuel.”

Hitachi Energy is supplying a “back-to-back” converter station, which converts AC power to DC then reconverts it to AC from DC enabling the interconnection of the 735 kilovolt Canadian and 765 kilovolt New York grids which are “out of phase” and cannot be connected directly via traditional AC systems.

Note to editors:

Hitachi Energy’s HVDC solution combines world-leading expertise in HVDC converter valves; the MACH digital control platform^*3, which enables renewables integration and manages voltage and frequency disturbances in the grid; converter power transformers and high-voltage switchgear; as well as system studies, design and engineering, supply, installation supervision and commissioning.

*³ Modular Advanced Control for HVDC (MACH)

HVDC Light^® is a voltage source converter technology developed by Hitachi Energy. It is the preferred technology for many grid applications, including interconnecting countries, integrating renewables and “power-from-shore” connections to offshore production facilities. HVDC Light’s defining features include uniquely compact converter stations and exceptionally low electrical losses.

Hitachi Energy pioneered commercial HVDC technology almost 70 years ago and has delivered more than half of the world’s HVDC projects.

HVDC website:

https://www.hitachienergy.com/offering/product-and-system/hvdc

About Hitachi Energy Ltd.

Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future. We are advancing the world’s energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 40,000 people in 90 countries and generate business volumes of approximately $10 billion USD.

https://www.hitachienergy.com

https://www.linkedin.com/company/hitachienergy

https://twitter.com/HitachiEnergy

About Hitachi, Ltd.

Hitachi drives Social Innovation Business, creating a sustainable society with data and technology. We will solve customers’ and society’s challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products, under the business structure of Digital Systems & Services, Green Energy & Mobility, Connective Industries and Automotive Systems. Driven by green, digital, and innovation, we aim for growth through collaboration with our customers. The company’s consolidated revenues for fiscal year 2021 (ended March 31, 2022) totaled 10,264.6 billion yen ($84,136 million USD), with 853 consolidated subsidiaries and approximately 370,000 employees worldwide. For more information on Hitachi, please visit the company’s website at https://www.hitachi.com.

Attachments

Jocelyn Chang
Hitachi Energy
+41793847775
jocelyn.chang@hitachienergy.com

GlobeNewswire Distribution ID 8715203