Point Roberts, WA and Delta, BC - August 18, 2020 (Investorideas.com Newswire) Investorideas.com, a global news source and leading investor resource covering cleantech and renewable energy stocks (Renewableenergystocks.com) issue a sector snapshot discussing how Covid-19 is reshaping and accelerating green energy adoption, featuring dynaCERT Inc. (TSX:DYA.TO) (OTCQX: DYFSF) (FRA:DMJ).
According to Lux Research, "Despite the dramatic consequences COVID-19 is having on the global economy, we predict the energy transition will be accelerated by several years. Trillions of dollars are expected to flow through economic relief packages into the deployment of low- and zero-carbon infrastructure as well as research and development into technologies that enable it."
Putting their money where their mouth is, is a company dramatically impacted by Covid-19. Delta Air Lines is committing $1 billion (NYSE: DAL) over the next 10 years on its journey to mitigate all emissions from its global business going forward. The airline will invest in driving innovation, advancing clean air travel technologies, accelerating the reduction of carbon emissions and waste, and establishing new projects to mitigate the balance of emissions.
dynaCERT Inc. (TSX:DYA.TO) (OTCQX: DYFSF) (FRA:DMJ), a Canadian cleantech company that manufactures and distributes Carbon Emission Reduction Technology for use with internal combustion engines, announced that it received the Smart Sustainable Company Rating Seal based on the results of the rigorous analysis of Triple-A Analytics GmbH of Austria ("Triple-A").
From the news: This honourable distinction of dynaCERT and our HydraGEN™ Technology as it applies to the United Nations Sustainable Development Goals as well as United Nations Global Compact Principals has been evaluated as "high", the highest global ranking in its category.
Continued: In dynaCERT's Triple-A Smart Sustainable Company Evaluation, Triple-A reports that the United Nations Sustainable Development Goals and the Paris Climate Accord form the world's strongest common agenda for achieving peace and prosperity on a healthy earth.
With over sixteen years of research and development behind their technology and sixty dollars invested in it, dynaCERT is committed to its carbon emission reduction technology and a long term plan for a green economy.
dynaCERT recently reported that during the imposed Covid-19 shutdown their company was moving quickly behind the scenes improving production facilities at their plant, advancing research and development, and preparing for increased demand for their HydraGEN™ Technology.
Unlike most companies, they also reported, "The Company has re-emerged from the global COVID-19 economic slowdown with a cleaner and stronger balance sheet."
Their patented HydraGEN™ Technology creates hydrogen and oxygen on-demand through a unique electrolysis system and supplies these gases through the air intake of internal combustion engines to enhance combustion, resulting in lower carbon emissions and greater fuel efficiency, intake to enhance combustion.
dynaCERT is also transforming the trucking industry with its HydraLytica™ telematics data monitoring software that monitors fuel efficiency and carbon emission reductions.
Another company in the trucking industry is making waves as it capitalizes on the new reality of Covid-19. AYRO, Inc. (NASDAQ:AYRO), a manufacturer of light-duty, urban and short-haul electric vehicles (EVs), recently announced it has received $584,000 in orders for its inaugural purpose-built EV hospitality truck solution.
From the news The milestone follows the recent partnership announcement with Gallery Carts (Gallery), a leading provider of food, beverage and retail carts, kiosks and portables. The collaborative AYRO-Gallery engineering partnership was established in part to launch these new "on-the-go" hospitality vehicles.
From the news: The innovative AYRO-Gallery vehicle integrates a configurable lithium-Powered Vendor Box solution into the Club Car 411 Utility Vehicle, enabling safe hot or cold food distribution via emissions-free, light duty vehicles in hospitality venues nationwide. These initial orders are expected to provide the all-electric configurable mobile vehicles for campuses, stadiums, resorts, airports and event centers across the United States.
Continued: In addition to the logistical and environmental benefits of the AYRO-Gallery solution, purpose-built EVs have been shown to save fleet operators more than 50 percent on annual fuel costs when compared to existing gas and diesel trucks. It also provides Gallery clients with revenue generating opportunities with custom branded exteriors and through mobile on-demand, on-location sales that overcome existing retail space limitations.
Continued: "The AYRO-Gallery solution is helping us support our clients as they continue to address operational issues associated with COVID-19," adds Dan Gallery, President of Gallery Carts. "They need solutions that allow them to expand revenue opportunities by bringing food and other products to students, fans and consumers where they are. We see the demand growing. AYRO's new facility and commitment to growth is critical to satisfying the demand."
In other recent headlines on reduced carbon emissions, Canadian cleantech company Xebec Adsorption Inc. (TSXV: XBC), a global provider of clean energy solutions announced it has signed an exclusive partnership agreement with CarbonQuest.
From the news: Xebec's CO2 separation technology, specifically designed for this application, will be integrated into CarbonQuest's Building Carbon CaptureTM system. CarbonQuest has developed a patent pending "4-Step Carbon Capture Process" which enables the separation and liquefaction of CO2 from natural gas. The captured Sustainable CO2TM will be sequestered or used in manufacturing or other industry. This partnership will bring a timely and cost-effective solution for property owners looking to meet their sustainability goals and reduce their exposure to the new Local Law 97 regulation. As a result, the partnership opens significant market opportunities for Xebec's advanced CO2 capture technologies through CarbonQuest's process.
Continued: In April 2019, the New York City Council passed the Climate Mobilization Act, which included a provision (Intro 1253) that limits greenhouse gas emissions from buildings over 25,000 square feet. Intro 1253 became Local Law 97 in May 2019, and now covers approximately 60,000 NYC buildings. Emissions reduction goals are 40% by 2030 and 80% by 2050, benchmarked against 2005 levels. The limits have been set in three phases for 2024-2029 (Phase 1), 2030-2034 (Phase 2) and 2035-2050 (Phase 3) and are measured in kilograms of CO2 equivalent per square foot. Any emissions above the limits will result in penalties which are set to progress in severity over time.
So what does the future look like? You know the energy world is changing when oil and gas giant BP (NYSE: BP) makes a commitment to be net zero. "Our ambition is to be a net zero company by 2050 or sooner. And to help the world get to net zero. This will mean tackling around 415 million tonnes of emissions - 55 million from our operations and 360 million tonnes from the carbon content of our upstream oil and gas production. Importantly these are absolute reductions, to net zero, which is what the world needs most of all. We are also aiming to cut the carbon intensity of the products we sell by 50% by 2050 or sooner."
Forbes reported in an article, 'Canada's Clean Energy Sector Can Help Drive Economic Recovery From COVID-19': "For Canada, these structural economic changes will have significant implications because the oil and gas sector plays a vital role in the national economy and accounts for 5.6% of nominal GDP. However, given oil's future outlook and negative externalities associated with consuming fossil fuels, the Canadian government needs to structurally steer the economy away from its carbon-intensive energy sector and take the opportunity to push for a green recovery from Covid-19's economic crisis. Even during the economic downturn, we see the resilience of the clean energy sector compared with other energy sources. The International Energy Agency (IEA)'s World Energy Investment 2020 report highlighted that renewables would be the only energy source likely to experience demand growth for the rest of 2020. Alongside this, in the United States, the Energy Information Administration (EIA) expects renewables to surpass coal's share of power generation for the first time this year."
For companies like dynaCERT Inc. (TSX:DYA.TO) (OTCQX: DYFSF) (FRA:DMJ) that have spent years of commitment to creating a reduced co2 emission economy, it's about time and it's very much their moment in time!
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