Tag: generator

(Oslo, Norway, 3 June 2026) Statkraft and Elkem ASA have signed a new long-term power purchase agreement (PPA) that secures competitive and predictable electricity supply for Elkem’s plant in Bjølvefossen, Norway. The agreement is for the 2031-2037 period, and the total contract volume is 1,534 GWh.

The agreement supports continued industrial activity, local value creation and sustainable production at Bjølvefossen. The plant employs 150 people and is one of the world’s largest suppliers of foundry alloys, with an annual production capacity of 60.000 mt. Its products are sold primarily in the EU and Asia and are used in sectors such as automotive, construction, renewable energy and defence. They are produced with a carbon footprint of around one-third of the global average.

“We are very pleased to sign yet another long-term power agreement with an important Norwegian industrial company. Long-term contracts at competitive terms help support local jobs and value creation at a time of significant uncertainty and volatility, says EVP Markets in Statkraft, Hallvard Granheim.

“Access to long-term, competitive power agreements is essential to maintain industrial production and jobs in Norway. This agreement with Statkraft strengthens the competitiveness of our Bjølvefossen plant and reflects the close link between energy and industrial development in Norway. It enables us to continue supplying strategic materials to European industry and supporting the EU's security in a turbulent geopolitical context,” says Inge Grubben-Strømnes, Elkem’s SVP Foundry Alloys.

Elkem has a strong portfolio of long-term power contracts in Norway, securing a significant share of its 3.5 TWh annual power consumption at competitive terms. The new agreement further strengthens predictability for the company’s operations and investment planning. 

For further information, please contact:

Eletre X is built for drivers who refuse to compromise - delivering ultimate performance, 1,200+ km of range, and 9-minute charging in a practical hybrid SUV.¹
Available to order today, starting from €96,990.

Targeted to Begin Generating Revenue Between Late 2028 and Mid-2029 Following Siemens Restoration at U.S. Facilities.

The UV Ozone Generator Market is set to grow from USD 1.12 billion in 2024 to USD 2.23 billion by 2032, with a CAGR of 8.91%. Driven by demand in water treatment, air purification, and food industries, the market faces challenges like emission limits and competition. Asia-Pacific leads growth, while innovation focuses on compact, energy-efficient designs. The comprehensive market report covers trends, strategies, and regional insights crucial for stakeholders in navigating this evolving landscape.

Dubai, UAE, Aug. 05, 2025 (GLOBE NEWSWIRE) -- Christ is King ($CIK), a movement to bring the church onchain and bless the trenches, has officially released its highly anticipated community roadmap, outlining its mission to onboard one million Christians into Web3. More than a meme, $CIK is quickly becoming a digital movement unifying believers through faith, finance, and decentralized innovation.

The project launched on May 5, 2025, with a fair and transparent token offering rooted in community-first principles. Despite an attempted snipe at launch, the team’s rapid response and what many are calling divine timing helped preserve the project’s foundation. Within the first 24 hours, $CIK soared to a $10 million market cap, eventually reaching an all-time high of $30 million just two weeks later quickly cementing its place among the top tokens on the Base chain.

June marked a turning point in CIK’s public presence. The team represented at a Ryan Pineda event in Las Vegas, introducing the concept of digital evangelism to a network of kingdom-minded entrepreneurs. International visibility expanded with sponsorships at Philippine Blockchain Week and NFT NYC, allowing $CIK to connect with both faith-driven and crypto-savvy audiences around the globe.

In July, the project solidified its foundation by closing a fresh funding round, reinforcing its treasury and operational capabilities. Strategic hires from Web3, tech, and ministry backgrounds joined the leadership team, equipping the movement with the right blend of experience and vision as it enters its next growth phase.

Starting in August, $CIK enters Phase II of its roadmap. A buyback program was initiated to strengthen long-term value, while the launch of a new website will serve as a central hub for education, community, and onboarding. $CIK has also been tapped as a co-sponsor for Base's OnChain Summit, Base's annual Web3 summit focused on builders, thinkers, and dreamers within the Base blockchain ecosystem.

Among its most innovative developments, CIK is building its first Base mini app, Daily Bread, which gamifies spiritual habits and rewards engagement with scripture. Community creativity will be amplified with the rollout of a Saint Generator and Meme Generator on X, enabling believers to express faith in fun and viral ways. The roadmap also includes billboard campaigns in San Francisco, weekly X Spaces with thought leaders, and a major collaboration with a well-known Christian influencer who will release exclusive digital art tied to the mission.

In September, the public launch of Daily Bread will be CIK's first mini app for churches and ministries. A Blessing App will enable believers to share encouragement using $CIK across social platforms, while the launch of an official merch store and CIK’s first virtual event will further strengthen the digital faith community.

Looking ahead to Q4, Christ is King will launch the $CIK Launchpad, a launchpad to empower ministries, charities and nonprofits. A CIK-branded podcast will begin production, and the project will break ground on its Content House in Las Vegas, a space for worship, media creation, and ministry in the digital age. Plans are also underway for a high-level in-person gathering connecting Web3 builders with faith leaders shaping the future of technology and belief.

“Christ is King began as a meme, but it’s become so much more than that,” said Curtis Smith, a founder and Co-CEO. “This roadmap is a reflection of our conviction to bring the Church onchain, empower believers globally, and use blockchain for kingdom impact.”

Follow updates and announcements on X: https://x.com/christonchain

Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.