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AMP ENERGY ANNOUNCES THE LARGEST BATTERY STORAGE FACILITIES IN EUROPE WITH TWO
FLAGSHIP 400 MW PROJECTS LOCATED IN SCOTLAND

by PRNewswire
January 25, 2022 7:00 AM | 4 min read



FREE REPORT: Click to Get the Benzinga Pro Insider report (no credit card
needed)

LONDON and TORONTO, Jan. 25, 2022 /CNW/ - Amp Energy, a global Energy Transition
Platform, and renewable energy developer, today announces Europe's two biggest
battery storage facilities with its 800 MW battery portfolio in central Scotland
(the "Scottish Green Battery Complex"). The portfolio is due to be operational
in April 2024 and will be comprised of two 400 MW battery facilities, each
providing 800 MWhrs of energy storage capacity.

 * Following consultations with stakeholders and local councils the two sites
   received planning consent from the Scottish Government Energy Consents Unit
   on the 5th January 2022.
 * The 400 MW batteries will be the two largest grid-connected battery storage
   facilities in Europe.
 * Amp X, Amp's proprietary AI-powered digital energy platform, will be used to
   optimize dispatch of power from the batteries to the electricity grid.
 * The projects will provide reliable grid stability services and power
   management across the central belt of Scotland including Glasgow and
   Edinburgh.
 * By storing and managing the dispatch of renewable energy generated from
   Scottish windfarms, the projects are future-proofing the UK's electricity
   infrastructure at a fraction of the cost of expensive transmission upgrades.

Setting the standard for energy storage globally, the projects, located in
Hunterston and Kincardine, provide an important step forward for the UK towards
achieving its net-zero target. Following the recent ScotWind offshore wind
announcement for the planned addition of 25 GW of new renewable generation
capacity, the requirement for large-scale energy storage that can shift power
and provide grid stability services is even more critical. Over the coming
years, Amp's Scottish battery facilities will enable up to 1,750 GWhrs per year
of additional renewable energy to be generated in Scotland and transported to
other regions of the UK, equivalent to enabling approximately 500 MW of new
offshore wind deployments.





"With these ground-breaking projects Amp is making a significant investment in
vitally needed green infrastructure as the UK transitions to a fully
decarbonized grid. Our projects not only support the growth of renewable
generation in Scotland but also provide an alternative to costly transmission
upgrades for consumers" said Ben Skinner, Vice President Global Markets at Amp.

The Hunterston and Kincardine projects are also participating in National Grid's
Scottish Stability Pathfinder 2 tender, which seeks to address voltage and
stability issues faced by the UK electricity grid. Amp's facilities will deploy
state-of-the-art grid-forming inverter technology alongside two new Synchronous
Condensers installations which also assist with grid stabilisation.

"The UK electricity grid is in the process of transitioning to a greener
net-zero market", according to Amp's Co-founder and Chief Investment Officer,
Paul Ezekiel. "This has only been accelerated with the recently awarded addition
of 25GW of offshore wind licenses as part of the ScotWind offshore wind leasing
program.  Amp's development of strategically located, transmission-connected
utility-scale batteries is helping the GB transmission network operator to
provide UK citizens with a stable and secure carbon free electricity system."






This investment continues Amp's expansion into Europe which includes development
and ownership of solar and wind with large-scale energy storage facilities in
Spain and the UK, alongside active development of several green hydrogen
projects that complement its Asia-Pacific green hydrogen development activities.

The Scottish Green Battery Complex will be optimized and dispatched by Amp X,
Amp's proprietary AI-powered digital energy platform. Amp X relies on its
proprietary and already bankable transactive-ready system architecture and
cloud-hosted state-of-the-art advanced analytics. Operating autonomously, the
Amp X platform provides solutions to grid constraints, providing flexibility and
enabling the end-to-end energy transition.

"With our global scale and the disruptive innovation that we are deploying with
our Amp X platform, we are at the forefront of the global energy transition."
Paul said. "The deployment of Green Hydrogen and utility-scale energy storage,
such as the Scottish Green Battery Complex, is critical to our continued rapid
growth and long-term strategy." 

About Amp

Amp is a global energy transition platform. 

We develop, own and operate clean energy assets throughout our core markets
around the world. Alongside Amp X, our disruptive grid-edge technology platform
utilizing proprietary artificial intelligence expertise, we are reimagining the
grid and leading the Energy Transition. The company is headquartered in Toronto
with global operations throughout North America, Australia, Japan, Spain, Czech
Republic, and the UK. 

Founded in 2009, Amp is a high-growth disruptor at scale, backed by major
investments from institutional capital partners including most recently Carlyle,
which invested US$374 million for a minority stake in the company in late 2020.

For more information, please visit amp.energy 




View original
content:https://www.prnewswire.com/news-releases/amp-energy-announces-the-largest-battery-storage-facilities-in-europe-with-two-flagship-400-mw-projects-located-in-scotland-301466976.html



SOURCE Amp Energy







View original content:
http://www.newswire.ca/en/releases/archive/January2022/25/c5989.html







© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights
reserved.

Posted In: Electrical UtilitiesEnvironmental Products & ServicesNew
Products/ServicesOilUtilitiesCommoditiesPress Releases

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MEDIROM HEALTHCARE TECHNOLOGIES (NASDAQ: MRM) PRELIMINARY 2022 AUDIT SHOWS $8.3
MILLION INCREASE IN REVENUE; COMPANY ANNOUNCES STOCK REPURCHASES

by Faith Ashmore
February 3, 2023 8:06 AM | 3 min read

Advertiser Disclosure


MEDIROM Healthcare Technologies Inc.
MRM+ Free Alerts
(“Medirom”) is a holistic healthcare company based in Japan. Medirom operates
312 relaxation salons across Japan and is part of the health-tech industry.
During the pandemic, Medirom entered the device business and produced a smart
tracker called “MOTHER Bracelet”. The company has reported immense success in
its field, with an 81% repeat customer ratio.

The company announced its unaudited, preliminary total revenue for 2022 under
the Japanese GAAP. The company is expected to have had a total of $49.3 million
in revenue for 2022, with a projected increase of $8.3 million from the previous
year. The revenue increase is largely attributed to the contribution of SAWAN
and ZACC, two subsidiaries that were acquired in 2021.

Easing COVID restrictions helped the company return to a higher level of
performance. In 2022, over 800,000 customers were served. 

Kouji Eguchi, CEO of MEDIROM Healthcare Technologies, said, “We are pleased with
the revenue growth and improved operating income achieved under local GAAP
during the year ended December 31, 2022, based on the unaudited, preliminary
financial results prepared under JGAAP. Our directly-operated salons and our
franchised salons contributed in very complementary ways to the strong
operational results of the year, as well as the growth of the sales of
directly-owned salons to investors, which has become our new revenue model. In
addition, the revenue contribution from our acquired salons, which  reflected
the implementation of our M&A strategy, coupled with the encouraging recovery
from COVID-19, led to a steady operating performance this year.”

Medirom also announced that COZY LLC (“COZY”) entered a stock repurchase plan
under which COZY may purchase up to JYP50 million of the company’s American
Depository Shares (ADSs). COZY is owned and controlled by Mr. Kouji Eguchi, the
CEO and controlling shareholder of Medirom. COZY has no obligation to purchase
but if COZY decides to buy ADSs under the plan it must do so between February 13
and March 31, 2023. 

“This decision demonstrates my confidence in Medirom’s business fundamentals and
growth opportunities,” said Mr. Eguchi. Currently, Mr. Eguchi owns approximately
38.6% of Medirom’s outstanding common shares. 

The preceding/following post was written and/or published as a collaboration
between Benzinga’s in-house sponsored content team and Skyline Corporate
Communications Group, LLC, a financial partner of Benzinga. This article/video
is a paid sponsorship by investor relations agency Skyline Corporate
Communications Group, LLC, which is paid by MEDIROM Healthcare Technologies Inc.
MRM+ Free Alerts
for providing investor relations and corporate communications services relating
to the Company’s securities. Please see Skyline's 17(b) Disclaimer and
Disclosure Statement here: https://skylineccg.com/disclosures/. 

Although the piece is not and should not be construed as editorial content, the
sponsored content team works to ensure that any and all information contained
within is true and accurate to the best of their knowledge and research. The
content that follows is for informational purposes only and not intended to be
investing advice.

This post contains sponsored advertising content. This content is for
informational purposes only and is not intended to be investing advice.

Featured Photo by HUUM on Unsplash



© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights
reserved.

Posted In: Electronic Equipment ManufacturersInformation TechnologyMedirom
Healthcare TechnologiesPartner ContentHealth CareGeneral


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