Delving deep into sentiment, the global data showed the 10 best places to stay around the world, as reviewed by Expedia travelers. From boutiques with beehives and resorts with rainwater recycling, to grand urban retreats with solar cell power, many of these amazing places show that luxury and sustainability are not mutually exclusive. Additionally, Expedia highlighted the top countries with the best reviewed eco-conscious accommodations, with the USA topping the charts.

Top 10 eco-friendly stays on Expedia according to travelers

  1. Sandos Caracol Eco Resort, Mexico
  2. Nomad Hotel Roissy CDG, Paris, France 
  3. Siloso Beach Resort, Sentosa, Singapore
  4. Habitat Suites, Austin, Texas
  5. Pakasai Resort, Krabi, Thailand
  6. PARKROYAL on Pickering, Singapore
  7. The Green House, Bournemouth, UK
  8. Listel Hotel, Vancouver, Canada
  9. Hotel Verde, Cape Town, South Africa 
  10. Sherwood Queenstown, Queenstown, New Zealand

Top 10 sustainable countries around the world

  1. USA
  2. Mexico
  3. Canada
  4. Australia
  5. UK
  6. Costa Rica
  7. Thailand
  8. New Zealand
  9. France
  10. Italy

Sustainable travel is the perfect opportunity to show Mother Earth and fellow inhabitants how much you care. Ready to book your eco-friendly hotel? Just visit https://www.expedia.com/earthday or download the Expedia app, which is available to download for free on iOS in the App Store and on Android devices through Google Play.

Take a closer look: Expedia's 10 most recommended eco-friendly stays from around the world

1. Sandos Caracol Eco Resort – Playa del Carmen, Mexico 

Situated between dense jungle and the blue of the Mexican Caribbean coast, this Rainforest Alliance-certified destination is among the highest-rated by travellers for the multitude of positive impacts it offers. 

  • Extensive policies governing waste management, resource consumption and natural conservation
  • Opportunities for guests to engage in ecologically sustainable practices: eco-tours, cruelty-free animal interactions and beach meditation
  • A commitment to the community, reflected in celebrations of local indigenous culture, on-site markets that support local artisans, and local partnerships to improve area schools

2. Nomad Hotel Roissy CDG – Paris, France 

Located five minutes by car from Charles de Gaulle airport, the Nomad Hotel Roissy CDG boasts Scandinavian-inspired design, tech-enabled customisable room layouts and a mission to "to reduce the ecological impact of these buildings to a minimum, at every stage of life, from design to operation"—making it the perfect accommodation for digital nomads with green leanings.

  • Rigorous standards for creation/loss of heat and a low total annual energy consumption, supported by green (living) exterior cladding, solar panels, air handling units
  • Proactive efforts to neutralize water impact through use of rainwater collectors
  • Use of sustainable materials, including PEFC wood, carpets made from recycled fishing nets, recycled stone and glass shower units

3.  Siloso Beach Resort, Sentosa – Singapore 

Just off Singapore's south coast lies Sentosa Island, a haven whose southwest coast is the home to the Siloso Beach Resort. Steps from the sandy beaches of the South China Sea, this award-winning eco-resort has taken special care to integrate the surrounding habitat into its design by prioritising open spaces and preserving established natural features like mature trees and flowing springs. The result? A uniquely organic take on a luxurious beach resort experience.

  • 200 original trees preserved (and 450 planted) on-site; landscape pool fed by underground waters and built according to natural terrain formation
  • 72% of the resort is open-air—and activities including cycle tours, hikes and other eco-adventures
  • Operations keep ecological impacts top-of-mind, emphasising locally-sourced foods, limited use of plastics, and reduced energy consumption

4.  Habitat Suites  Austin, TX, USA 

Habitat Suites, a sustainable gem in the heart of Texas' most progressive city, boasts a 30-year track record of forward-thinking environmental stewardship. Habitat Suites has been a charter member of the Green Hotels Association since 1991—and won an Austin Green Business Leader Gold Award in 2018.

  • Widespread use of alternative energy, including solar panels, solar thermal and electric vehicle charging 
  • On-premises organic fruit and herb gardens; clean, local and organic food options
  • Use of plant-based, zero harsh chemical detergents for cleaning; bio-safe guest shampoos and detergents; hypoallergenic suites that include live potted plants and windows that open for access to fresh air

5.  Pakasai Resort – Krabi, Thailand

Spa treatments, boxing and cooking classes plus plenty of space for lounging by the pool—the Pakasai Resort delivers on everything you'd expect from a tropical Thai resort, then sweetens the deal with an impressive list of sustainability efforts. "Krabi's Greenest Resort" was the first in the area to win an ASEAN Green Hotel Award (2014). 

  • Resource conservation efforts include rainwater capture and greywater recycling, energy efficient lighting, biogas production and reduction of plastic use
  • Careful attention given to reducing carbon emissions through waste minimization program and collaboration with the local community and local organizations
  • Guests are encouraged to make their stay even greener by joining the #GreeningPakasai campaign, which incentivises visitors to make low-carbon choices around food, transportation, linen services and local activities

6.  PARKROYAL on Pickering – Singapore

With 15,000 square metres of greenery and a cutting-edge design, the PARKROYAL is equally impressive in what it does and doesn't do. This LEED-certified masterpiece saves 32.5 Olympic-sized swimming pools' worth of water annually and could power an estimated 680 households with the energy saved by its conservation efforts.

  • Highly regulated resource consumption through employment of light, motion, and rain sensors
  • Solar cells and rainwater collection mean zero-energy maintenance of the 15,000 m2 sky gardens
  • Thoughtful construction processes reduced concrete (and associated waste and energy expenditure) use by more than 80%

7.  The Green House – Bournemouth, UK 

Equally suitable for weddings, self-care weekends and romantic getaways, every detail of this eco-hotel has been designed to help guests feel great while doing good. That ethos touches every facet of The Green House, from the building's renewable energy production and Forest Stewardship certified, UK-crafted furnishings to the on-site restaurant's adherence to local sourcing and high animal welfare standards—the company car even runs on bio-fuel from the kitchen's old cooking oil!

  • The use of earth-friendly cleaning products and efforts toward energy conservation
  • Staff are trained in the ethos of sustainability and are encouraged to find new ways to improve the Green House's efforts
  • Environmental efforts extend to the exterior grounds, including bird and bat boxes (to provide a safe place for breeding) and rooftop beehives that produce honey

8.  The Listel Hotel Vancouver – Vancouver, BC, Canada

The Listel Hotel dedicates itself to both environmental responsibility and the arts. The hotel provides a location to elevate local and international artists—including a gallery dedicated to First Nations artists from the Northwest Coast—while participating in the city of Vancouver's "Corporate Climate Leader" program, setting an example for sustainable tourism efforts across the globe.

  • Responsible food practices including membership in Vancouver Aquarium's Ocean Wise sustainable seafood program and a commitment to offering local and sustainable food and wine
  • Conservation efforts including 20 solar panels, a state-of-the-art heat capture program (reducing the hotel's natural gas use by 30%) and water reduction and air quality programs
  • Adherence to a 100% Zero Waste policy since August 2011

9.  Hotel Verde Cape Town, South Africa

"Sustainable by design, stylish by nature" is the modest motto of Cape Town's Hotel Verde. The first hotel in Africa to offer 100% carbon-neutral accommodation and conferencing, the Cape Town Verde has earned an extensive list of international accolades (LEED Platinum certification and a 6-star rating from the Green Building Council of South Africa) for its extensive adherence to sustainable practices.

  • Restoration of the surrounding wetlands now supports indigenous water-wise vegetation and a healthy population of Cape honeybees—as well as an ecotrail, outdoor gym, and eco-pool for visitor use, plus on-site edible food gardens and aquaponics
  • Energy efficiencies include photovoltaic panels on the roof and north-facing facades, wind turbines, energy-generating gym equipment and geothermal heat
  • Commitment to social responsibility through sustainable procurement practices, waste management and community involvement

10.  Sherwood Queenstown Queenstown, New Zealand

Sustainability and connection with nature are behind every detail you'll encounter at the Sherwood Queenstown, a boutique hotel perched on three acres of alpine hillside overlooking Lake Wakatipu. The Sherwood operates based on the belief that "a simple respect for nature lies at the heart of any sustainable practice". The hotel's orchards and kitchen garden supply its award-winning restaurant; most rooms offer sweeping mountain or lake views, and all are outfitted with South Island wool blankets and locally-sourced beverages. Mornings start with optional yoga sessions, followed by hiking, mountain biking, skiing or snowboarding.

  • A focus on materiality selection that integrates the building with the landscape, while employing upcycled fixtures, fittings and furnishings
  • Conscious choices about energy generation—the Sherwood is one of the largest private solar installs in New Zealand and currently generates enough electricity to return surplus to the grid
  • Selection of food, wine, beer, spirits, and other consumable products that are local, natural, healthy, ethical, seasonal and sustainable in their production and use

NOTES TO EDITORS

*Top 10 lists compiled from measuring sentiment and volume of reviews from travellers globally on Expedia that mention 'sustainable' or 'eco-friendly'

About Expedia.com

Expedia.com® is one of the world's largest full service travel sites, helping millions of travelers per month easily plan and book travel. Expedia.com (https://www.expedia.com/, 1-800-EXPEDIA) aims to provide the latest technology and the widest selection of top vacation destinations, affordable airfare, hotel deals, car rentals, destination weddings, cruise deals and in-destination activities, attractions, services and travel apps.

© 2019 Expedia, Inc. All rights reserved. Expedia and the Airplane logo are either registered trademarks or trademarks of Expedia, Inc. in the U.S. and/or other countries. All other trademarks are the property of their respective owners. CST# 2029030-50. Visit our web site https://www.expedia.com/ or use our mobile app to book cheap flights and hotels.

SOURCE Expedia.com

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MILWAUKEE, April 18, 2019 /PRNewswire/ -- WEC Energy Group unveiled a report on the company's strategy to reduce costs to customers, preserve fuel diversity and reduce carbon emissions through changes to its generation fleet.

The report – "Pathway to a Cleaner Energy Future" – illustrates the approach WEC Energy Group is taking to reduce emissions and presents a wide-ranging analysis of factors that will help shape future decision-making.

"At this pivotal time in the energy industry, we have made it a priority to reduce greenhouse gas emissions while maintaining a reliable, resilient and cost-effective energy system for our customers," said Gale Klappa, executive chairman – WEC Energy Group.

The company's long-term strategy reflects its focus on environmental stewardship. In 2016, WEC Energy Group set a goal to reduce total carbon emissions by 40 percent, compared to 2005 levels, by the year 2030. The company is on track to meet that goal by 2023 and has announced a new goal of reducing carbon emissions by 80 percent from 2005 levels by 2050.

"When we set a goal, you can count on the fact that we have analyzed the risks, benefits and feasibility," said Kevin Fletcher, president and CEO – WEC Energy Group. "We're confident in our ability to achieve our 80 percent reduction goal, but it will require significant effort, continued improvements in technology and reshaping our generation fleet."

Report highlights

  • Emission reductions
    • By 2030, the company's goal is to reduce total carbon emissions by 40 percent. To help achieve that goal, the company projects more than 70 percent of its electricity supply will come from low-and no-carbon sources.
    • By 2050, the company's goal is to reduce carbon emissions by 80 percent. To achieve that goal the company projects 100 percent of electricity supply to come from low- and no-carbon sources.
  • Investments – WEC Energy Group expects to invest more than $14 billion between 2019 and 2023, with a focus on:
    • Reshaping its generation fleet for a clean, reliable future.
    • Modernizing electric and natural gas delivery infrastructure.
    • Launching advanced metering functionality and upgrading systems and equipment.
  • Business and climate strategy – the company strives to provide the best value for customers by embracing constructive change, demonstrating personal responsibility for results, and using creative solutions to meet or exceed customers' expectations.

The report incorporates industry-specific research from the Electric Power Research Institute and global emissions scenarios used by the Intergovernmental Panel on Climate Change. It includes research and analyses testing the resilience of WEC Energy Group's strategy in different climate-related scenarios – including scenarios consistent with limiting a global temperature rise to less than 2 degrees Celsius.

WEC Energy Group (NYSE: WEC), based in Milwaukee, is one of the nation's premier energy companies, serving 4.5 million customers in Wisconsin, Illinois, Michigan and Minnesota.

The company's principal utilities are We Energies, Wisconsin Public Service, Peoples Gas, North Shore Gas, Michigan Gas Utilities, Minnesota Energy Resources and Upper Michigan Energy Resources. The company's other major subsidiary, We Power, designs, builds and owns electric generating plants.

WEC Energy Group (wecenergygroup.com) is a Fortune 500 company and a component of the S&P 500. The company has approximately 50,000 stockholders of record, 8,000 employees and more than $33 billion of assets.

Cautionary statement regarding forward-looking information

Certain information contained in this press release is forward-looking information based upon management's current expectations and projections that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning future carbon emissions, capital plans and expenditures, investment opportunities, corporate initiatives, the purchase of solar and wind energy, and sources and costs of fuel. Readers are cautioned not to place undue reliance on this forward-looking information. Forward-looking information is not a guarantee of future performance and actual results may differ materially from those set forth in the forward-looking statements.

In addition to the assumptions and other factors referred to in connection with the forward-looking information, factors that could cause the company's actual results to differ materially from those contemplated in any forward-looking information or otherwise affect the company's future results include, among others, the following: general economic conditions, including business and competitive conditions in the company's service territories; timing, resolution and impact of rate cases and negotiations, including recovery of deferred and current costs and the ability to earn a reasonable return on investment, and other regulatory decisions; political developments; energy conservation efforts; continued adoption of distributed generation by customers; the company's ability to continue to successfully integrate the operations of its subsidiaries; availability of the company's generating facilities and/or distribution systems; unanticipated changes in fuel and purchased power costs or availability; key personnel changes; varying weather conditions; continued industry consolidation; cybersecurity and terrorist threats; construction risks; equity and bond market fluctuations; the remaining uncertainty surrounding the tax legislation enacted in December 2017; federal and state legislative and regulatory changes relating to the environment, including climate change and other environmental regulations impacting generation facilities and renewable energy standards, the enforcement of these laws and regulations, changes in the interpretation of regulations or permit conditions by regulatory agencies, and the recovery of associated remediation and compliance costs; the performance of projects the company's energy infrastructure business invests in; the ability to obtain additional generating capacity at competitive prices; current and future litigation and regulatory investigations; the inability of customers, counterparties, and affiliates of the company and its subsidiaries to meet their obligations; advances in technology, and related legislation and regulation supporting the use of that technology; the value of goodwill and its possible impairment; changes in accounting standards; and other factors described under the heading "Factors Affecting Results, Liquidity, and Capital Resources" in Management's Discussion and Analysis of Financial Condition and Results of Operations and under the headings "Cautionary Statement Regarding Forward-Looking Information" and "Risk Factors" contained in the company's Form 10-K for the year ended Dec. 31, 2018, and in subsequent reports filed with the Securities and Exchange Commission. The company expressly disclaims any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE WEC Energy Group

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ATLANTA, April 18, 2019 /PRNewswire/ -- Georgia Power continues to make progress towards the closure of seven ash ponds at Plant Yates with the dewatering process scheduled to begin in mid-May. Dewatering marks a significant step towards completing the closure process, and Georgia Power's ash pond closure plan for Plant Yates is specifically designed for the site to help ensure water quality is protected every step of the way.

Four of the ash ponds nearest the river at Plant Yates are to be completely excavated with the ash consolidated with the remaining three ponds, which will be closed in place using advanced engineering methods and technologies. Ash pond closures are site-specific and consider multiple factors, such as pond size, location, geology and amount of material; and each closure is certified by a team of independent, professional engineers.

"As we begin the dewatering process at Plant Yates, we are pleased with the progress we have made on our ash pond closure process throughout the state at all of our plants," said Dr. Mark Berry, vice president of Environmental & Natural Resources for Georgia Power. "We continue to focus on safety and meeting all compliance requirements throughout the process to fulfill our longstanding commitment to protect the environment and local communities. We have invested in appropriate water treatment systems to help ensure that our dewatering process is protective of the area's rivers. Throughout the process, clear communication to our customers and the community about our progress remains a priority."

The ash pond dewatering plan for Plant Yates that has been approved by the Georgia Environmental Protection Division (EPD) identifies the enhanced water treatment system, controls and monitoring that will be used during the process to help ensure that the water discharged is protective of water quality standards. The planned on-site closure methods will be permitted and regulated by the EPD.

To date, the company has removed two of the seven ash ponds at Plant Yates, completed engineering and feasibility studies and filed permit applications with the EPD for the remaining ash ponds on site. Communication regarding the closure plan is provided through EPD notifications, advance public notice of permits and updates to local homeowners and local media. To read more about Plant Yates's ash pond closure and dewatering process, click here.

Georgia Power first announced its plans to permanently close all of its ash ponds in September 2015, with initial plans released in June 2016. The company is in the process of completely excavating 19 ash ponds located adjacent to lakes and rivers with the remaining 10 being closed in place using advanced engineering methods and closure technologies.

In November 2018, Georgia Power completed the submission of 29 Coal Combustion Residuals (CCR) permit applications as required by the Georgia CCR rule for ash ponds and landfills. These permit applications outlined significant and detailed engineering information about Georgia Power's ash pond closure plans and landfill operations plans. The permitting application process was developed and completed with significant internal and external resources supported by multiple third-party consulting and engineering firms.

Georgia Power's ash pond closure plans fully comply with the federal CCR rule, as well as the more stringent requirements of Georgia's state CCR rule. Georgia was one of the first states in the country to develop its own rule regulating management and storage of CCR such as coal ash. The state rule, which goes further than the federal rule, regulates all ash ponds and landfills in the state and includes a comprehensive permitting program through which the EPD will approve all actions to ensure ash pond closures are protective of water quality.

In 2016, the company announced that all ash ponds will stop receiving coal ash in three years and the significant construction work necessary to accommodate the dry-handling of ash is on track to be completed in 2019. Today, more than 60 percent of the coal ash Georgia Power produces is recycled for various beneficial uses, such as Portland cement, concrete and cinder blocks.

Protecting Water Quality Throughout Ash Pond Closure Process    
Since 2016, Georgia Power has installed approximately 500 groundwater monitoring wells, including 45 wells at Plant Yates, around its ash ponds and landfills to actively monitor groundwater quality. Monitoring is being conducted in compliance with federal and state laws and regulations. The company has also engaged independent, third-party contractors for sampling and accredited independent laboratories for analysis. The company continues to post testing results on Georgia Power's website and report them to the EPD. Based on the extensive data collected, the company has identified no risk to public health or drinking water.

Dewatering Process
Georgia Power's commitment to protecting water quality of surface waters, such as lakes and rivers, includes comprehensive and customized dewatering processes during ash pond closures. The company's process treats the water to help ensure that it meets the requirements of the plant's wastewater discharge permits approved by the EPD and is protective of applicable water quality standards. The dewatering process marks a significant step towards completing the ash pond closure process and has begun at four of Georgia Power's plants: Bowen, McDonough, McManus and Branch, with Plant Yates scheduled to begin in mid-May.

About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the Company's promise to 2.6 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy at rates below the national average, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the Company is consistently recognized by J.D. Power and Associates as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the Company on Facebook (Facebook.com/GeorgiaPower), Twitter (Twitter.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).

Cautionary Note Regarding Forward-Looking Statements 
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the method and timing of planned closure of coal ash ponds. Georgia Power Company cautions that there are certain factors that could cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2018, and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state regulatory changes, including environmental laws and regulations and tax and other laws and regulations to which Georgia Power Company is subject, as well as changes in application of existing laws and regulations; current and future litigation or regulatory investigations, proceedings, or inquiries; the ability to control costs and avoid cost and schedule overruns during the development, construction and operation of facilities; the ability to construct facilities in accordance with the requirements of permits and licenses and to satisfy any environmental performance standards; state and federal rate regulations and the impact of pending and future rate cases and negotiations; catastrophic events such as fires, earthquakes, explosions, floods, tornadoes, hurricanes and other storms, droughts, pandemic health events, or other similar occurrences; and the effect of accounting pronouncements issued periodically by standard-setting bodies.  Georgia Power Company expressly disclaims any obligation to update any forward-looking information.

SOURCE Georgia Power

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CHARLOTTE, N.C., April 18, 2019 /PRNewswire/ -- Lineworkers chase storms, climb towering poles and are always ready when severe weather strikes. And when the lights go out, our lineworkers shine.

Whether perched on a 40-foot pole or sky high in an elevated bucket truck, lineworkers ensure the electricity is flowing to power vital infrastructure from hospitals and water treatment facilities to businesses and industries and our everyday conveniences at home.

On April 18, we celebrate our lineworkers' role in powering the lives of millions of people across the country for National Lineman Appreciation Day.

"Powering the lives of hard-working families and communities is the most important job we have," said Lloyd Yates, executive vice president customer and delivery operations and president Carolinas. "Lineworkers' brave and vital work on the front lines requires dedication, passion and continuous training. Today, we honor them for keeping the lights on across America."

Lineworker hiring
If you like working outdoors, tackling challenges, working as a team and making a steady salary with overtime and advancement opportunities, Duke Energy and other companies who work on the electric grid are hiring. Nearly 900 lineworkers are needed this year to support Duke Energy's grid improvement work.

Anyone interested in lineworker positions can join our talent community, a pipeline for future recruitment, to stay connected about new lineworker opportunities. Visit https://dukeenergy.avature.net/DELineworker or text 'lineworker' to 67076. As positions become available, our recruiting team will notify the talent community.

Technology
While more traditional aspects of the job such as climbing poles and towers remain, technology has further enhanced the profession. Drones can be used to assess damage and string lines in areas with limited access following severe weather events.

New portable technology used by lineworkers in the field helps better inform customers on the status of outages including the causes, crew updates and the estimated times of restoration.

Technology developed by Duke Energy called "Ping It" helps crews quickly identify remaining outages as repairs are made to damaged lines. The technology "pings" customers' smart meters to verify the status of an outage, which saves crews time in the field, especially when restoring power after a storm.

More than 7,800 Duke Energy and contract lineworkers are part of the Duke Energy team. They are responsible for constructing, operating and maintaining equipment and more than 300,000 miles of power lines in Duke Energy's service territories – that is enough to wrap around the Earth 12 times.

Those who wish to honor lineworkers and their families are encouraged to use the hashtag #ThankALineman on social media.

For more information about Duke Energy's lineworkers, follow @DukeEnergy and visit facebook.com/DukeEnergy.

B-roll of lineworkers in the field is available, here: https://news.duke-energy.com/file?fid=560ef6e95e8eef0635e13d15.

For a behind the scenes look with a high-voltage line crew, visit https://illumination.duke-energy.com/articles/they-climb-the-tallest-poles-to-build-a-stronger-grid.

And, for a letter from a lineman's wife, visit: https://illumination.duke-energy.com/articles/my-husband-the-lineworker-is-a-superhero.

Duke Energy
Duke Energy (NYSE: DUK), a Fortune 125 company headquartered in Charlotte, N.C., is one of the largest energy holding companies in the U.S. It employs 30,000 people and has an electric generating capacity of 51,000 megawatts through its regulated utilities and 3,000 megawatts through its nonregulated Duke Energy Renewables unit.

Duke Energy is transforming its customers' experience, modernizing the energy grid, generating cleaner energy and expanding natural gas infrastructure to create a smarter energy future for the people and communities it serves. The Electric Utilities and Infrastructure unit's regulated utilities serve approximately 7.7 million retail electric customers in six states – North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky. The Gas Utilities and Infrastructure unit distributes natural gas to more than 1.6 million customers in five states – North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The Duke Energy Renewables unit operates wind and solar generation facilities across the U.S., as well as energy storage and microgrid projects.

Duke Energy was named to Fortune's 2019 "World's Most Admired Companies" list, and Forbes' 2019 "America's Best Employers" list. More information about the company is available at duke-energy.com. The Duke Energy News Center contains news releases, fact sheets, photos, videos and other materials. Duke Energy's illumination features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.

Contact: Meghan Miles
24-Hour: 800.559.3853
This email address is being protected from spambots. You need JavaScript enabled to view it. 
Twitter - @DE_MeghanM

SOURCE Duke Energy

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WALLOPS ISLAND, Va., April 18, 2019 /PRNewswire/ -- Mission Success yesterday for Indiana's NearSpace Launch Inc. (NSL) ThinSat constellations launched off the Antares NG-11 on route to International Space Station. The 60 ThinSat were developed for Virginia Space as a STEM program for middle and high schools. Over 400 students participated in the testing and delivering of experiments in orbit today. The school teams were overseen by Twiggs Space Labs.   

Co-founder of Twiggs Space Labs and Co-Inventor of the CubeSat, Bob Twiggs, states, "Our goal is to inspire future generations of engineers and scientists through innovation in the field of space." Twiggs goes further to say, "To me, this (ThinSat launch) is the most exciting day of my career." 

ThinSat is a new pioneering model for satellites that are scalable, simpler, and more affordable. Their focus is to broaden access to space for educational and space research participants.

The ThinSat comes in an array of sizes that comply with the CubeSat launcher. The 11.2 cm by 11.7 cm by 2 cm ThinSat version was the first model to launch this week. The ThinSat team choose to use EyeStar radios and Alta Devices solar technology. The NSL's EyeStar radios allow for 24/7 connectivity via Globalstar's constellation. Alta Devices solar cells provide a unique modular, lightweight, flexible form factor with high efficiency characteristics.

The ThinSat inventor and co-founder of NSL, Hank Voss states, "ThinSats will travel in a region of the atmosphere that is important to climate and space weather forecasts, but rarely studied because atmospheric drag makes it hard to keep satellites there," Voss also expressed, as an emeritus professor, he is "thankful to Virginia Space and Twiggs Space Labs for investing into the project that has a such strong STEM and research outreach."   

About NearSpace Launch, Inc.

NearSpace Launch, Inc. (NSL) based in Upland, IN. NSL has 100% mission success with over 60 systems flown in the past four years. Hank Voss & Jeff Dailey founded NSL following the successful mission of TSAT. The mission proved the effectiveness of a Globalstar radio connection for orbital radio communication. NSL manufactures and produces ThinSats, CubeSat satellites, 24/7 real-time EyeStar communication systems, and high-altitude balloons for a variety of educational, commercial, and government applications. For more information with images visit www.nearspacelaunch.com

Contact:
Matthew Voss
This email address is being protected from spambots. You need JavaScript enabled to view it.

SOURCE NearSpace Launch Inc. (NSL)

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KATONAH, N.Y., April 18, 2019 /PRNewswire/ -- On Friday, April 12th, Joule Community Power issued a Request for Proposal (RFP) for energy suppliers to bid a more competitive price relative to the default energy supplier (Central Hudson) on behalf of eight communities in the Hudson Valley – the Town of Beacon, the Town of Cold Spring, the Town of Fishkill, the Town of Geneva, the Town of Lima, Marbletown, Philipstown, the City of Poughkeepsie – as part of the Hudson Valley Community Power program. The winner of the RFP will provide electricity to the participating communities at a lower price than what residents have historically paid, and is expected to come, at least in part, from cleaner sources.

Hudson Valley Community Power is a community-based bulk energy purchasing program (Community Choice Aggregation, or CCA) intended to lower costs and increase the use of renewable energy in the Hudson Valley.

The issuance of the RFP marks an historic agreement of the participating communities to join forces in the Hudson Valley Community Power energy program, through the signing of a Memorandum of Understand (MoU) with the Program Administrator, Joule Community Power.

Glenn Weinberg, Vice President of Joule Community Power, said, "Following our timeline, residents and small businesses should start seeing savings on their energy bills by July: We aim to designate a supplier by May, with the expectation to begin delivery shortly thereafter. We'll publicly release the name of the winning supplier and the terms of the new contract, as soon as these are determined."

Jeffrey Domanski, of Hudson Valley Energy, the program's Local Organizer, said, "This RFP is an historic moment for the Hudson Valley, demonstrating a powerful shared service model in the area of sustainability. Many people have worked hard to make this happen, and we're excited to see the benefits. We are very proud of these communities for choosing a path towards 100% renewable energy, and look forward to helping them meet their carbon reduction goals."

New York State's first CCA pilot program across twenty-five municipalities in Westchester County in 2016 has, to date, saved residents more than $17 million on their energy bills.

About Joule Community Power
Joule Community Power (Joule Community) is leading the energy paradigm shift in New York State by guiding municipalities and residents towards local energy independence and 100% clean energy. Joule Community Power helps municipalities reduce residential energy costs while advancing energy reduction, energy management, and clean energy goals amidst an evolving regulatory environment. With no upfront cost to a municipality or its residents, Joule's first-of-kind, integrated Community Power program helps municipalities and consumers save money and energy by pooling local demand to broker cheaper energy supply contracts for residents and small businesses while creating new revenue opportunities enabled by participation in renewable energy markets, further enabling rapid customer acquisition for solar developers at scale. Joule Community's distinctive expertise in designing and implementing new consumer-protective energy supply contracts was instrumental in the creation of New York State's first Community Choice energy program. Having created the blueprint to guide communities through a smooth and empowering decision process, Joule Community aims to scale its successful CCA model across NY State and beyond.  Joule Community is 100% owned and operated by Joule Assets Inc. Learn more about Joule Community at: www.joulecommunity.com.

SOURCE Joule Community Power

Related Links

https://www.joulecommunity.com/

Read more: Joule Community launches RFP for local energy...

ALBANY, N.Y., April 18, 2019 /PRNewswire/ -- Dynamic Energy Solutions, LLC, a leading solar energy project developer and installer, today announced that they have completed construction of one of the largest community solar projects in New York State. The 5.49‑megawatt project, known as the Capital Region Community Solar Garden, will generate more than 7,300 megawatt-hours per year, the equivalent of powering more than 800 homes.

Capital Region Community Solar Garden
Capital Region Community Solar Garden

Community solar projects are designed to provide solar access to residents and businesses who may not own property or have ideal roof conditions to support solar panels. The Capital Region Community Solar Garden is a remotely installed solar panel garden consisting of two adjacent 2.7-megawatt arrays in Altamont, NY. Residents and businesses who subscribe to the solar garden will have a portion of the garden's production allocated to their electric account, which will provide them with a discount to their monthly electricity costs.

"We are thrilled that the Capital Region Community Solar Garden is now live and generating clean, renewable energy in the Albany, NY area," said Michael Perillo, Founder and CEO of Dynamic Energy Solutions. "This project offers customers of National Grid an easy and cost-effective way to go solar. It's free to join, requires no installation or maintenance, and provides savings to subscribers on their electricity costs. We are proud to have developed one of the largest community solar projects in the state, as these gardens support local, renewable energy generation, reduce air pollution, and generate local jobs."

The Capital Region Community Solar Garden received support from NYSERDA through NY-Sun, Governor Andrew M. Cuomo's $1 billion initiative to advance the scale-up of solar and move New York closer to having a sustainable, self-sufficient solar industry. Since 2011, solar in New York State has increased more than 1,500 percent and leveraged nearly $3.5 billion in private investments. There are currently nearly 12,000 people engaged in solar jobs across New York.

"Congratulations to Dynamic Energy on the completion of their community solar project, which is an increasingly popular option for residents and businesses as we work towards meeting New York's nation-leading clean energy goals under Governor Cuomo's Green New Deal," said Alicia Barton, President and CEO, New York State Energy Research and Development Authority (NYSERDA). "I commend the Capital Region community for taking part in solar energy projects like this one to help reduce emissions and support locally-produced renewable energy."

"Dynamic's team has built a robust community solar subscription and operations platform that is bringing solar to residents of the Capital Region that currently lack access behind-the-meter," said Noah Kirsch, Director of Finance at Wunder Capital. "At Wunder, we're pushing aggressively to finance community solar's rapid growth, and we're excited to have another opportunity to partner with Dynamic as owner-operator of these assets."

Dynamic Energy developed, installed and owns the project. Dynamic Energy has partnered with the Solomon Organization, a leading multi-family real estate investment, management and development firm, to provide Solomon residents in the Capital Region the opportunity to subscribe to the solar garden. For information on how to become a subscriber, please visit https://dynamicenergy.com/community/new-york/

About Dynamic Energy Solutions, LLC
Dynamic Energy is a full-service solar energy provider that brings together the diverse expertise needed to design, finance, build, and maintain projects to meet the needs of commercial, industrial, and institutional customers. With an in-house team that includes professional engineers, project managers, and master electricians, Dynamic Energy creates high-quality projects that reduce customer expenses, improve operating efficiency, provide an attractive return on investment, and achieve sustainability goals.

About Wunder Capital
Wunder Capital develops and manages solar investment funds by leveraging its national partnership network, tested processes, proprietary underwriting framework, and best-in-class online investment portal. Wunder actively manages everything, from the sourcing of commercial solar opportunities, to the underwriting, contracting, and construction of each project. Once a system is live, Wunder manages the ongoing operation and maintenance of the array, bills the energy customer, and distributes proceeds to investors. For more information, please visit www.wundercapital.com.

Media Contact:
Elizabeth Dougherty
(484) 323-1176
This email address is being protected from spambots. You need JavaScript enabled to view it.

SOURCE Dynamic Energy

Related Links

https://dynamicenergy.com

Read more: Dynamic Energy New York State Community Solar...

NEW YORK, April 18, 2019 /PRNewswire/ -- Hunt Capital Partners, the tax credit syndication division of Hunt Companies, Inc., announced today it will co-host the Novogradac 2019 Investing In Puerto Rico Conference. The event is May 9-10 at the Sheraton Puerto Rico Hotel & Casino in San Juan. The conference focuses on the strategies and practical solutions to encourage investment in affordable housing in Puerto Rico and the U.S Virgin Islands.

The agenda includes diverse topics for community development investors and others. Sessions planned are:

  • Investment and lending outlook for Puerto Rico and the U.S. Virgin Islands
  • Best practices for Community Development Block Grant-Disaster Recovery funds
  • Other key subsidy programs to help development in Puerto Rico
  • Opportunity Zone, LIHTC, RAD, and NMTC Basics

"Puerto Rico has had a rough couple of years with devastating storms and economic downturns impacting the region and the overall housing market," noted Jeff Weiss, President of Hunt Capital Partners. "This conference offers investors a terrific two-day opportunity to learn how to make a significant impact in restoring affordable housing locally."

Hunt Capital Partners recently collaborated with McCormack Baron Salazar, the Puerto Rico Housing Finance Authority, and Citibank to raise more than $50 million in tax credit equity for a pair of San Juan developments known as Renaissance Square and Bayshore Villas. Completed in February 2019, the 140-unit Renaissance Square was the first development under the Puerto Rico Comprehensive Housing Plan and the island's first mixed-income development. Bayshore Villas features 174 units and an estimated completion date in Summer 2019.

"Hunt's diverse and interconnected platform offers a one-stop shop for developers and investors looking to create affordable housing," Weiss added. "We can invest, develop, and finance affordable housing anywhere. Hunt Companies offers a complete range of services spanning conventional multifamily, affordable housing, commercial real estate and infrastructure. These complementary offerings help our clients achieve tremendous efficiencies. This conference is the perfect venue to showcase our broad range of capabilities and seamless execution as we embark upon an investing strategy in the region."

For more information on the event, visit: https://www.novoco.com/events/novogradac-2019-investing-puerto-rico-conference

About Hunt Capital Partners
Hunt Capital Partners (HCP) is the syndication division of Hunt Companies, Inc. (Hunt). HCP specializes in the syndication of Federal and State Low-Income Housing, Historic and Solar Tax Credits. Since the successful launch of its first fund in the fall of 2011, HCP has raised over $1.7 billion in tax credit equity. Founded in 1947, Hunt is a privately held company that invests in businesses focused in the real estate and infrastructure markets. The activities of Hunt's affiliates and investees include investment management, mortgage banking, direct lending, loan servicing, asset management, property management, development, construction, consulting and advisory. For more information on Hunt Capital Partners, please visit www.huntcapitalpartners.com, or for Hunt Companies, please visit www.huntcompanies.com.

MEDIA CONTACTS   
Brent Feigenbaum
Hunt Real Estate Capital
212-317-5730
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Pam Flores
773-218-9260
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SOURCE Hunt Mortgage Group

Related Links

https://huntcapitalpartners.com

Read more: Hunt Capital Partners Co-Hosting 2019 Investing...

Sustainable business growth drives Invenergy's broader sustainability efforts. Last year Invenergy experienced 25 percent growth in its portfolio of operating and advanced development projects. The company invested $3.1 billion to construct new energy facilities, which supported 3,695 jobs mostly in rural communities and small towns. The number of full-time Invenergy employees also grew nearly 7 percent, to just over 950 employees worldwide.

"At Invenergy, sustainability is about more than just advancing innovative renewable and clean energy technologies, it's about environmental stewardship, community investment and empowering people," said Invenergy's Founder and CEO, Michael Polsky. "As a privately-held company, Invenergy voluntarily embraces and reports on sustainable business practices because sustainability just makes sense, and I am proud of what our employees do every day to further this work."

The Invenergy Impact: 2018 Sustainability Report reflects the company's investments related to three core pillars: Environmental Stewardship, Community Investment and Empowering People. Highlights from each of these areas include:

  • In 2018, projects developed by Invenergy offset an additional 14 million tons of carbon dioxide pollution, the equivalent of planting 300 million trees or taking half a million cars off the road.
  • Invenergy energy centers generated $160 million of economic investment in its home communities in 2018 through wages & benefits, landowner payments and state & local taxes. Invenergy also invested $1 million in cause-based giving and volunteer time to nonprofits and charitable organizations.
  • 48 hours of safety training on average per Invenergy Services employee, combined with other measures, ensure a strong safety culture and have helped the company achieve its lowest incident and lost work rates. Invenergy also invested in initiatives to support careers in energy for women, people of color and military veterans.

Invenergy believes the sustainable energy movement is about people who commit themselves to building a better world. Whether by developing projects that deliver clean energy all over the world, protecting wildlife habitat, investing in the communities Invenergy employees call home, or supporting its people, the company is turning energy innovation into social good.

To learn more about Invenergy Impact, visit InvenergyImpact.com.

About Invenergy

Invenergy drives innovation in energy. Invenergy and its affiliated companies develop, own, and operate large-scale renewable and other clean energy generation and storage facilities in the Americas, Europe and Asia. Invenergy's home office is located in Chicago and it has regional development offices in the United States, Canada, Mexico, Japan, Poland and Scotland.

Invenergy and its affiliated companies have successfully developed more than 22,600 megawatts of projects that are in operation, construction or contracted, including wind, solar, and natural gas power generation and advanced energy storage projects. Learn about Invenergy at Invenergyllc.com.

SOURCE Invenergy

Related Links

http://www.invenergyllc.com

Read more: Invenergy Impact: 2018 Sustainability Report...

WUXI, Jiangsu Province, China, April 18, 2019 /PRNewswire/ -- Sharing Economy International Inc. ("SEII" or "the Company") (OTC Markets: SEII), a clean technology and sharing economy company that designs, manufactures and distributes of proprietary high and low temperature dyeing and finishing machinery to the textile industry, and is engaged in the development of sharing economy platforms and rental related businesses, today announced its financial results for year ended December 31, 2018.

"In 2018, our legacy dyeing and finishing business continued to face numerous challenges such as difficult economic conditions, rising raw materials costs and forced closures by the Chinese government which adversely impacted our financial results for the year. We also recorded $8.6 million in impairment losses related to patent use rights and the disposition of manufacturing equipment along with an $8.9 million loss on our solar farm equity method investment following the Chinese government's halt on new solar farm installations and reduced subsidies for solar farms already under construction," said Mr. Jianhua Wu, Chairman and CEO of SEII. "Given the challenges facing our existing manufacturing operations, we continue to look for new growth opportunities for the Company. In 2018, we established new sharing economy businesses in peer-to-peer errand services, coworking and 3D virtual tours, and are making good progress in developing our online rental sharing business in Asia."

Mr. Parkson Yip, Vice President of SEII, commented, "While the development of our sharing economy businesses is dependent on additional capital to fund their growth, we made great strides over the last year. In 2018 we launched BuddiGo, our sharing platform that provides on demand delivery of items including packages, flowers, cakes and food delivery by 'buddies' who can spare idle time to run errands in the Hong Kong market. During the year we had over 1,200 individuals officially registered as sell-side buddies and they completed over 500 delivery orders. Meanwhile, 3D Discovery generated over $0.2 million in revenue in 2018 and continues its work on Autocap, a mobile app which allows users to create an interactive virtual tour of a physical space by using a mobile phone camera. Finally, through our agreement with ECrent, we continue our prelaunch activities for our peer-to-peer rental sharing economy in Asia. We remain optimistic about the future of this business and are hopeful it will make a meaningful contribution to our topline in 2019."

Full Year 2018 Results

Revenue for 2018 decreased by 30.9% to $9.5 million, compared to $13.5 million for 2017.  The Company's dyeing and finishing business generated substantially all revenue in 2018, since the forged rolled rings and related products and petroleum and chemical equipment businesses were discontinued in 2016 and the new sharing economy businesses are still in an early stage.  Revenues declined due to an anticipated slowdown in shipments of low-emission airflow dyeing machines as many companies in the dyeing industry had already upgraded to new models and did not require additional equipment, and orders for new low-emission airflow dyeing machines slowed down in 2018 and 2017 as potential customers did not have the financial resources or credit to purchase equipment.  In addition, apparel factories and other factories have been shut down throughout the last year by China's environmental bureau, which has been cutting electricity and gas supply to determine compliance with China's environmental laws, which contributed to the decline in revenues.

Gross loss for 2018 was $4.4 million, compared to a gross loss of $156,000 for 2017.  Gross margin was negative 46.4% during 2018 compared to negative 1.2% for 2017. The gross margin for 2018 was primarily impacted by the reduced scale of operations resulting from lower revenues, which is reflected in the allocation of fixed costs, mainly consisting of depreciation, to cost of revenues, and an increase in labor and raw material costs.

Operating expenses increased by 135.0% to $28.4 million, compared to $12.1 million in 2017.  The increase was primarily due to higher professional fees in the form of stock-based compensation related to implementing a new business plan with the objective of improving long-term growth, an increase in salaries to support new business opportunities, temporary rent expense and an increase in the allowance for doubtful accounts. In addition, the Company recorded impairment losses of approximately $1.9 million related to the write-off its patent of use rights in September 2018 and approximately $6.3 million related to the disposition of manufacturing equipment in December 2018.

Other expense was $9.3 million, compared to other expense of $188,000 in 2017. The increase was primarily due to an $8.9 million loss in equity investment in Shengxin, a developer and designer of solar farms in China. In April 2018, Shengxin secured and invested in a large solar PV project in Guizhou province, paid RMB40.0 million for the project rights and also engaged a local contractor to proceed with building the project. However, on June 1, 2018, the Chinese government halted installation of new solar farms for the remainder of the year and reduced subsidies for projects already under construction. Due to significant doubt about the status of this project and recoverability of the Company's investment, the Company fully impaired the value of its investment during the third quarter of 2018.

Loss from continuing operations was $42.1 million, or $(7.15) per basic and diluted share, compared to loss from continuing operations of $12.8 million, or $(6.99) per basic and diluted share in 2017.

Gain from discontinued operations (Refer to "Discontinued Operations" discussion below) was $16,000, or $0.00 per basic and diluted share.  This compares to loss from discontinued operations of $98,000, or $(0.05) in 2017.

Net loss for 2018 was $41.1 million, or $(7.15) per basic and diluted share, compared to net loss of $12.9 million, or $(7.04) per basic and diluted share, in 2017.   

Basic and diluted earnings per share were based on 5,753,698 and 1,832,900 weighted average shares outstanding, respectively, for the years ended December 31, 2018 and 2017. All share and per share information has been adjusted to reflect a 1-for-4 reverse stock split effective March 20, 2017.

Financial Condition

As of December 31, 2018, SEII held cash and cash equivalents of $0.9 million compared to $1.0 million at December 31, 2017.  Accounts receivable were $4.3 million compared to $9.1 million at December 31, 2017.  Inventories were $6.4 million compared to $4.6 million at December 31, 2017.  The Company had $2.3 million in short-term bank loans payable at December 31, 2018, down slightly from $2.5 million at December 31, 2017. Working capital was $10.6 million at December 31, 2018 compared to $13.5 million at December 31, 2017.   Stockholders' equity was $35.4 million at December 31, 2017. 

In 2018, the Company used $2.5 million in cash flow from operations. The Company used $72,000 in cash flow from investing activities, and generated $2.0 million in cash flow from financing activities, primarily due to proceeds $0.9 million in from the sale of a convertible note, proceeds from the sale of common stock of $0.3 million and advances from a related party of $1.4 million.

Discontinued Operations

On December 30, 2016, the Company sold and transferred 100% of the stock of Wuxi Fulland Wind Energy Equipment Co., Ltd. ("Fulland Wind") to an unrelated party and discontinued the Company's forged rolled rings and related components business. Additionally, the Company's management decided to discontinue its petroleum and chemical equipment segment due to significant declines in revenues and the loss of its major customer. As such, the assets and liabilities of these two segments have been classified on the consolidated balance sheet as assets and liabilities of discontinued operations as of December 31, 2018 and 2017 and the operating results have been classified as discontinued operations in the consolidated statements of operations for all years presented.

About Sharing Economy International Inc.

Sharing Economy International Inc., through its affiliated companies, designs, manufactures and distributes a line of proprietary high and low temperature dyeing and finishing machinery to the textile industry. The Company's latest business initiatives are focused on targeting the technology and global sharing economy markets, by developing online platforms and rental business partnerships that will drive the global development of sharing through economical rental business models. Moreover, the Company will actively pursue blockchain technology in its existing and to-be-acquired business, enabling the general public to realize the beauty of resource sharing. For more information visit www.seii.com.  

Safe Harbor Statement

This release contains certain "forward-looking statements" relating to the business of the Company and its subsidiary and affiliated companies and certain potential transactions that they may enter into. These forward looking statements are often identified by the use of forward looking terminology such as "believes," "expects" or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website, including factors described in "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Form 10-K for the year ended December 31, 2018.  All forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume a duty to update these forward-looking statements.

Company Contact:

Sharing Economy International Inc.
Mr. Parkson Yip
Vice President of Strategic Business Development
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.  
Phone: +852-31060372

SHARING ECONOMY INTERNATIONAL INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS






December 31,



December 31,




2018



2017









ASSETS







CURRENT ASSETS:




Cash and cash equivalents


$

781,740



$

1,019,437


Restricted cash



77,473




272,991


Notes receivable



149,757




461,292


Accounts receivable, net of allowance for doubtful accounts



4,327,980




9,092,709


Inventories, net of reserve for obsolete inventories



6,414,305




4,553,559


Advances to suppliers



565,295




2,023,779


Receivable from sale of subsidiary



2,791,590




2,950,442


Prepaid license fee - related party, net



663,830




-


Prepaid expenses and other



5,235,113




2,144,624


Assets of discontinued operations



209,926




407,510











Total current assets



21,217,009




22,926,343











OTHER ASSETS:









Equity method investment



-




9,053,859


Property and equipment, net



21,563,420




33,181,119


Intangible assets, net



3,562,513




5,394,296











Total other assets



25,125,933




47,629,274











Total assets


$

46,342,942



$

70,555,617











LIABILITIES AND STOCKHOLDERS' EQUITY


















CURRENT LIABILITIES:









Short-term bank loans


$

2,182,960



$

2,074,529


Bank acceptance notes payable



72,698




422,589


Convertible note payable



710,504




670,000


Accounts payable



4,254,598




2,798,590


Accrued expenses



779,948




165,749


Advances from customers



1,073,797




2,454,375


Due to related parties



1,257,505




347,589


Income taxes payable



60,065




63,483


Liabilities of discontinued operations



268,532




389,633











Total current liabilities



10,660,607




9,386,537











LONG-TERM LIABILITIES:









Long-term loan



244,910




-











Total liabilities



10,905,517




9,386,537











Commitments and contingencies


















STOCKHOLDERS' EQUITY:









Preferred stock, $0.001 par value; 10,000,000 shares authorized;









Series A Preferred stock ($0.001 par value; 10,000,000 and 0 shares authorized; 0
    and 0 issued and outstanding at December 31, 2018 and 2017, respectively)



-




-


Common stock ($0.001 par value; 12,500,000 shares authorized; 7,501,304 and
    2,527,720 shares issued and outstanding at December 31, 2018 and 2017,
    respectively)



7,449




2,528


Additional paid-in capital



58,452,131




40,241,172


Retained earnings



(27,492,559)




13,624,729


Statutory reserve



2,352,592




2,352,592


Accumulated other comprehensive income - foreign currency translation adjustment



2,657,614




4,923,829


Total stockholder's equity



35,977,227




61,144,850











Non-controlling interest



(539,802)




24,230











Total stockholders' equity



35,437,425




61,169,080











Total liabilities and stockholders' equity


$

46,342,942



$

70,555,617


SHARING ECONOMY INTERNATIONAL INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS






For the Years Ended




December 31,




2018



2017









REVENUES                                                                                                                         


$

9,508,042



$

13,522,056











COST OF REVENUES



13,924,107




13,677,889











GROSS (LOSS) PROFIT



(4,416,065)




(155,833)











OPERATING EXPENSES:









Depreciation and amortization



1,132,052




1,100,944


Selling, general and administrative



16,211,430




3,619,382


Research and development



498,803




420,023


Bad debt expense



1,920,490




6,473,838


Impairment loss



8,619,109




462,111











Total operating expenses



28,381,884




12,076,298











LOSS FROM OPERATIONS



(32,797,949)




(12,232,131)











OTHER INCOME (EXPENSE):









Interest income



16,108




12,574


Interest expense



(374,387)




(137,823)


Loss on equity method investment



(8,901,746)




(130,498)


Foreign currency transaction loss



(2,764)




(1,812)


Other (loss) income



(41,580)




69,584











Total other expense, net



(9,304,369)




(187,975)











LOSS FROM CONTINUING OPERATIONS BEFORE PROVISION FOR INCOME
TAXES



(42,102,318)




(12,420,106)











PROVISIONS FOR INCOME TAXES:









Current



-




(11,273)


Deferred



-




(397,014)











Total Income taxes provision



-




(408,287)











LOSS FROM CONTINUING OPERATIONS



(42,102,318)




(12,828,393)











DISCONTINUED OPERATIONS:









Gain (loss) from discontinued operations, net of income taxes



16,237




(97,957)











GAIN (LOSS) FROM DISCONTINUED OPERATIONS, NET OF INCOME TAXES



16,237




(97,957)











NET LOSS



(42,086,081)




(12,926,350)











NET LOSS ATTRIBUTABLE TO NON-CONTROLLING INTEREST



(968,793)




(19,581)











NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS


$

(41,117,288)



$

(12,906,769)











COMPREHENSIVE (LOSS) GAIN:









Net loss


$

(42,086,081)



$

(12,926,350)


Unrealized foreign currency translation gain



(2,266,215)




4,046,840











Comprehensive loss


$

(44,352,296)



$

(8,879,510)











Net loss attributable to non-controlling interest


$

(968,793)



$

(19,581)


Unrealized foreign currency translation gain (loss) from non-controlling interest



-




-











Comprehensive loss attributable to common stockholders


$

(43,383,503)



$

(8,859,929)











NET LOSS PER COMMON SHARE:









Continuing operations - basic and diluted


$

(7.15)



$

(6.99)


Discontinued operations - basic and diluted



0.00




(0.05)











Net loss per common share - basic and diluted


$

(7.15)



$

(7.04)











WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:









Basic and diluted



5,753,698




1,832,900


SHARING ECONOMY INTERNATIONAL INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS






For the Years Ended




December 31,




2018



2017


CASH FLOWS FROM OPERATING ACTIVITIES:







Net loss


$

(42,086,081)



$

(12,926,350)


Adjustments to reconcile net loss from operations to net cash provided by operating
    activities:









Depreciation                                                                                                                   



4,045,881




3,950,932


Amortization of intangible assets



707,390




324,190


Allowance for doubtful accounts



1,920,490




6,473,838


Allowance for doubtful accounts - discontinued operations



(16,237)




66,085


Loss from impairment of acquisition of a non-wholly owned subsidiary



-




462,111


Impairment loss of disposition for manufacturing equipment



6,257,583




-


Impairment loss of intangible assets



2,335,562




-


Impairment loss of goodwill



25,965




-


Loss on equity method investment



8,901,746




130,498


Stock-based employment compensation



352,391




-


Stock-based professional fees



10,467,783




1,586,643


Stock-based donation



241,860




-


Stock-based rents



1,268,727




-


Amortization of debt discount



185,336




-


Amortization of license fee



376,170




-


Inventory reserve



944,567




285,334


Changes in operating assets and liabilities:









Notes receivable



297,922




(306,542)


Accounts receivable



2,547,860




(924,212)


Inventories



(3,132,915)




(2,209,520)


Prepaid and other current assets



(640,312)




(255,321)


Advances to suppliers



1,402,354




(801,282)


Deferred tax assets



-




397,014


Assets of discontinued operations



198,757




42,273


Accounts payable



1,700,787




1,849,047


Accrued expenses



640,344




(210,396)


VAT and service taxes payable



-




(48,621)


Income taxes payable



-




(20,532)


Advances from customers



(1,297,307)




1,923,909


Liabilities of discontinued operations



(104,043)




(198,889)











Net cash used in operating activities



(2,457,419)




(409,791)











CASH FLOWS FROM INVESTING ACTIVITIES:









Purchase of property and equipment



(74,832)




(5,199,833)


Proceed received from acquisition



2,341




-


Proceed received from sale of subsidiary in cash



-




2,130,556


Proceeds from sales of equipment from discontinued operations



-




1,146,959











Net cash used in investing activities



(72,491)




(1,922,318)











CASH FLOWS FROM FINANCING ACTIVITIES:









Offering costs paid



(195,018)




-


Proceeds from bank loan



2,522,913




1,257,620


Repayments of bank loan



(2,039,675)




(1,479,553)


Proceed from convertible note



900,000




670,000


Decrease in bank acceptance notes payable



(339,946)




(155,353)


Advance from related party



1,394,872




347,589


Repayment of related party advances



(484,956)




-


Proceeds from sale of common stock, net



256,410




860,000











Net cash provided by financing activities



2,014,600




1,500,303











Effect of exchange rate changes



82,095




369,745











Net decrease in cash and cash equivalents



(433,215)




(462,061)











Cash and cash equivalents - beginning of period



1,292,428




1,481,498











Cash and cash equivalents - end of period


$

859,213



$

1,019,437











SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:









Cash paid in continuing operations for:









Interest


$

131,684



$

134,459


Income taxes


$

-



$

-











Cash paid in discontinued operations for:









Interest


$

-



$

-


Income taxes


$

-



$

-











NON-CASH INVESTING AND FINANCING ACTIVITIES:









Stock issued for future services


$

4,189,028



$

1,709,989


Stock issued for future services to employees and directors


$

932



$

-


Stock issued for prepayment of license fee - related party


$

663,830



$

-


Stock issued for repayment of convertible note


$

670,335



$

-


Stock issued for redemption of convertible note and accrued interest


$

75,000



$

-


Stock issued for acquisition of non-wholly owned subsidiaries


$

976,984



$

507,710


Stock issued for accrued liabilities


$

-



$

37,835











RECONCILIATION OF CASH,CASH EQUIVALENTS AND RESTRICTED CASH









Cash and cash equivalents at beginning of period


$

1,019,437



$

1,481,498


Restricted cash at beginning of period



272,991




551,047


Restricted cash included in discontinued operations at beginning of period



-




-


Total cash, cash equivalents and restricted cash at beginning of period


$

1,292,428



$

2,032,545











Cash and cash equivalents at end of period


$

781,740



$

1,019,437


Restricted cash at end of period



77,473




272,991


Restricted cash included in discontinued operations at end of period



-




-


Total cash, cash equivalents and restricted cash at ended of period


$

859,213



$

1,292,428


SOURCE Sharing Economy International, Inc.

Related Links

http://www.cleantechsolutionsinternational.com

Read more: Sharing Economy International Reports Full Year...

PHOENIX, April 18, 2019 /PRNewswire/ -- Top energy companies – including GE Energy Storage, Panasonic, LG Chem Power and Duke Energy -- joined the Energy Storage Association today to make safety a priority when manufacturing and operating energy storage systems.

ESA formally launched the Energy Storage Industry Corporate Responsibility Initiative and pledge at its Annual Energy Storage Conference & Expo in Phoenix. To date, 30 companies have signed the pledge, emphasizing their commitment to the well-being and safety of consumers. At the conference, ESA and the signatory companies launched a task force to develop best practices for potential operational hazard prevention, end-of-life recycling and responsible supply-chain practices.

"The U.S. energy storage market nearly doubled in 2018 and is expected to double again in 2019, so this marks an ideal time for the industry to demonstrate their commitment to corporate responsibility," said ESA CEO Kelly Speakes-Backman. "Representing the national trade association and the voice of the energy storage industry, I can say unequivocally that the industry stands ready to tackle the topics outlined in the Corporate Responsibility Initiative in a proactive and direct manner."

Here is a list of the companies that signed the pledge:

Amber Kinetics

Engie

LG Chem Power, Inc.

Ameresco

EsVolta

Li-Ion Tamer

Ascend Analytics

Eversource

LS Energy Solutions

Borrego Solar

EVgo

NEC

Clearway

Fluence

NEXTracker

CSA Group

GE Energy Storage

Panasonic

Duke Energy

Highview Power Storage

Renewance

Dimension Energy

Hyosung

STEM

Dynapower

Ingersoll Rand

Swinerton

Enel Green Power

Invenergy

UL

About The Energy Storage Association

The Energy Storage Association (ESA) is the national trade association dedicated to energy storage, working toward a more resilient, efficient, sustainable and affordable electricity grid – as is uniquely enabled by energy storage. With more than 160 members, ESA represents a diverse group of companies, including independent power producers, electric utilities, energy service companies, financiers, insurers, law firms, installers, manufacturers, component suppliers and integrators involved in deploying energy storage systems around the globe. More information is available at: www.energystorage.org.

SOURCE Energy Storage Association

Related Links

http://www.energystorage.org

Read more: Leading Energy Companies Join Together to Put...

HONG KONG, April 18, 2019 /PRNewswire/ -- Reolink announces incredible discounts (up to 25 percent off) on top-selling smart home security cameras & systems to celebrate the upcoming Easter, giving consumers the maximum opportunity to benefit from a range of offers.

Shoppers can view the best security camera Easter deals 2019 here: https://reolink.com/flash-sale.

Reolink Innovation Limited
Reolink Innovation Limited

Note: Reolink Easter sales are time-limited. The deals will end on April 22.

Big Features, Little Prices: Get Reolink Security Camera Hero Deals

Consumers can now have a safe Easter and make egg hunts easier by putting up security cameras to keep tabs on their properties.

Reolink Flagship — Battery Powered Security Camera Lineup

  • 25 percent off on Reolink Keen™: Reolink's first wire-free security camera, capable of rotating in all directions with its pan/tilt function
  • Up to 15 percent off on Reolink Argus® 2 & Argus Pro: Reolink's first rechargeable battery or solar powered security cameras
  • 10 percent off on Reolink Go: The most versatile 4G LTE security camera that works even without Internet or power supply

Enjoy 10 percent off on Reolink PoE and Wi-Fi Security Cameras & Systems

Please check the below chart for the full range of live deals on Reolink PoE and WiFi standalone IP cameras and all-in-one security systems.

Get an up-to-date list of the best Reolink Easter deals and the newest sales for 2019 at its official online store.

About Reolink

Reolink, a global innovator in the smart home field, is always dedicated to delivering the easiest and most reliable security solutions for home and business. Reolink's mission is to make security a seamless experience for customers with its groundbreaking security products. Reolink products are available and sold worldwide, providing video surveillance and protection for millions of homes and families.

For more information about Reolink and its products, please visit https://reolink.com.

Contact

Elvia Poon/PR manager
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Address: RM.4B, Kingswell Commercial Tower, 171-173 Lockhart Road, Wan Chai, Hong Kong
Reolink Innovation Limited

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Reolink Security Camera Easter Sales 2019

SOURCE Reolink Innovation Limited

Related Links

https://reolink.com

Read more: Reolink Launches Final April Boom on Smart...

A la cabeza de los rankings por tercer año consecutivo, el informe reveló que Arctech Solar captó el 9% del mercado global de trazadores FV por megavatios despachados en 2018, con un crecimiento sostenido del 6% en 2017. Además, Arctech Solar duplicó sus despachos globales de trazadores solares FV con respecto al año anterior.

Además de su liderazgo en la región del Pacífico asiático, Arctech Solar ha marcado un hito significativo en otras regiones, por ejemplo, ubicándose en el tercer lugar en Australia por primera vez. También se ubica entre los 10 principales proveedores en México, Brasil, España, Latinoamérica y Europa. Muchos de los logros se deben a la estrategia de expansión de mercados de Arctech Solar en estos mercados solares en rápido crecimiento en 2018.

"Estos resultados marcan un importante hito para Arctech y han demostrado nuestra competitividad en el mercado de trazadores FV", comentó el señor Guy Rong, presidente de negocios internacionales de Arctech Solar. "Nos honra ser reconocidos como uno de los líderes del mercado por tercer año consecutivo, y creemos que esto reafirma nuestra estrategia global y el compromiso permanente con la innovación y el servicio".

Arctech Solar también mantuvo su liderazgo en la lista de despachos solares FV totales históricos (que incluye embarques de equipos fijos y trazadores) por tercer año consecutivo, con un récord acumulado de 18,827 GW.

Este impactante crecimiento es resultado de la estrategia de internacionalización de la compañía, y su dedicación a la innovación, la ejecución y el servicio al cliente. Con el lanzamiento de su abordaje global en 2013, la llegada de Arctech Solar actualmente abarca cuatro continentes, y la experiencia y familiaridad de la compañía con las normas locales de más de 20 países le permite proveer soluciones personalizadas.

Además de ampliar su huella internacional, Arctech Solar sigue desarrollando tecnologías revolucionarias, que incluyen el nuevo tubo de torque Skyline y el sistema trazador SkySmart líder en el mundo. Estas innovaciones ofrecen mayor eficiencia energética y menores costos de instalación y mantenimiento, siendo al mismo tiempo confiables y ajustadas a las normas globales de certificación. Específicamente, estos dos sistemas trazadores fueron sometidos a pruebas en túnel de viento considerando el efecto de desprendimiento de vórtices, tales como análisis de inestabilidad dinámica y aeroelástica. Así, puede ayudar a Arctech Solar a salvaguardar la calidad del sistema trazador y a proporcionar una base estable como socio confiable para los inversores globales.

Arctech planea exhibir sus principales productos en ferias comerciales en todo el mundo en 2019 y posteriormente, como parte de su misión continua de llevar energía limpia al mundo.

Acerca de Arctech Solar 

Arctech Solar es uno de los principales fabricantes y proveedores de soluciones de sistemas trazadores y de racks para paneles solares del mundo. En la última década, Arctech Solar ha instalado con éxito subsidiarias/centros de servicios en Estados Unidos, India, Japón, España, México y Australia. A fines de 2018, llevamos instalada una capacidad acumulada de 19 GW, y hemos completado 900 proyectos en 24 países. Actualmente, Arctech Solar es un socio confiable en la industria global de sistemas trazadores y de racks fotovoltaicos. Para obtener más información, visite www.arctechsolar.com.

Para consultas de medios de comunicación, contactar a:

Lisa Zhou
Teléfono: +86-18918888669
Correo electrónico: This email address is being protected from spambots. You need JavaScript enabled to view it.

Foto - https://mma.prnewswire.com/media/873160/Global_solar_PV.jpg

FUENTE Arctech Solar

Related Links

http://www.arctechsolar.com

SOURCE Arctech Solar

Read more: Arctech mantiene su puesto entre los 4 mejores...

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