Artificial Intelligence
GridMarket and the Island Resilience Partnership selected to manage Sint Maarten’s renewable energy transformation, leveraging GridMarket’s AI-driven deep data and digital procurement platform
NEW YORK, Aug. 09, 2021 (GLOBE NEWSWIRE) — GridMarket, Sint Maarten, and Island Resilience Partnership (IRP) are thrilled to announce a public private partnership dedicated to helping Sint Maarten transition to clean, resilient, and affordable energy generation. Sint Maarten joins the Independent State of Samoa, the Kingdom of Tonga, and other governments around the world that have joined IRP and are leveraging the GridMarket platform to achieve their energy goals.
“In the midst of the climate crisis and global pandemic, it is imperative that governments strengthen the resilience of their infrastructure, economies, and public health,” said Sint Maarten Prime Minister Silveria Jacobs. “Through this partnership, we are accelerating our transition to a distributed, affordable, and clean energy future with a committed and coordinated approach across all government agencies to expedite the successful completion of this initiative—delivering tremendous benefits to all Sint Maarten citizens and businesses. The GridMarket platform offers a streamlined, comprehensive approach to advancing our national targets and achieving the United Nations Sustainable Development Goals (SDGs). By joining the Island Resilience Partnership, we are creating a better future for everyone who lives on and visits our beautiful island.”
As detailed in the executed memorandum of understanding, Sint Maarten will work with GridMarket to identify, design, procure, and install distributed energy assets and make corresponding infrastructure upgrades. The scalable partnership model was created to help the island rapidly reach its key energy goals by deploying an optimized mix of energy solutions for the lowest economic cost. The inaugural public-private partnership with the Independent State of Samoa originated at the SAMOA Pathway Inter-Regional Summit in 2018 and has been featured at EarthX, the world’s largest environmental forum, in Dallas, TX. It has since expanded to support energy transformations for other islands and coastal communities around the world.
“We are honored that Sint Maarten has joined the Island Resilience Partnership, a demonstration of its climate leadership and commitment to achieving the Sustainable Development Goals,” said Matt Tranchin, Executive Director of the IRP. “In order to accelerate and optimize the global transition to renewable and resilient infrastructure, we must provide governments with risk-free, scalable solutions. But political will is a prerequisite for transformative change. That’s why the IRP is proud to partner with Prime Minister Jacobs and the Council of Ministers who are committed to achieving climate goals, while reducing the cost of energy for the citizens of Sint Maarten.”
GridMarket will facilitate and procure a turnkey solution that will provide the national utility, NV GEBE, with a comprehensive grid optimization plan and country-wide transition to renewable, resilient, and distributed energy. Last week, focal points from GridMarket, IRP, GEBE, VROMI, TEATT, and the Ministry of General Affairs convened the first stakeholder meeting which is aggregating data and key information from the utility and government, while outlining goals and metrics to ensure success for the people of Sint Maarten. The transformation will align with the Build-Back-Better principle, allowing Sint Maarten to be resilient in the face of future natural disasters and accelerate its long-term climate mitigation and adaptation goals. All phases of this initiative, including final project bidding and vendor selection, will flow through the GridMarket platform.
“GridMarket is honored to be entering into this formal partnership with Sint Maarten as their chosen strategic energy partner,” said Peter Schneider, Director of Sales and Project Management at GridMarket. “By using sophisticated digital analysis, artificial intelligence, and a granular building-by-building approach, we are able to create energy transformation plans that open up capital markets to leverage economies of scale and give our partners the greatest value from their unique opportunity. We are excited to apply our proven methodology in Sint Maarten as we coordinate the government’s procurement process and work with leading independent power producers and financial institutions to bring resilient, low-cost energy to the island.”
The model being used in Sint Maarten has been proven in other island nations, across commercial property portfolios, and for targeted, discrete regions around the world. Together with Sint Maarten government officials and the local utility, GridMarket’s innovative assessment tool will identify the optimal mix of technologies from the broader market to meet Sint Maarten’s unique needs. The platform is technology and vendor agnostic, making it a trusted tool for running the government’s procurement process and navigating energy decisions to secure the most valuable, cost-effective options. Most island nations have received and reviewed individual renewable energy proposals, but the GridMarket difference lies in the holistic approach, next-generation digital capabilities, and collective dedication to success. As shown in Samoa, relationships transcend traditional business, as all partners are committed to climate action, resiliency, and energy independence.
“When the Independent State of Samoa formed its partnership with GridMarket and the Island Resilience Partnership, it was a demonstration of our faith in the process because not only were we committed to achieving our national energy goals, but developing a ‘genuine, durable partnership’ based on mutual trust, shared responsibility and accountability,” said High Commissioner Feturi Elisaia. “We knew this partnership could be a model for other island governments around the world to adapt and emulate, which was always our unspoken wish. It is humbling to see our proven partnership in the Pacific being warmly welcomed in its new home in the Caribbean. I congratulate the government of Sint Maarten for its climate leadership and our innovative partners for building upon Samoa’s success.”
Sint Maarten’s official partnership was announced at the SC1.5NCE NOT SILENCE Forum on Friday, July 16th. The forum was organized by the Island Resilience Partnership as an official side event of the United Nations High Level Political Forum.
To join the Island Resilience Partnership, please click here. To learn more about GridMarket’s work with island nations, please click here.
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Jillian Caramanna-Seymour
GridMarket
[email protected]
Matt Tranchin
Island Resilience Partnership
[email protected]
GridMarket is an energy project optimization platform and global marketplace leveraging big data and artificial intelligence to accelerate the global energy transition. Working with governments, utilities, and energy consumers around the world, GridMarket identifies and tailors best-fit energy projects, engages top-tier global solution providers, and mobilizes financial markets to help partners meet energy and carbon targets. GridMarket has a substantial global pipeline and portfolio of successful projects, spanning diverse customer types and geographic regions. Together with key partner and investor Marubeni America, GridMarket uses it’s platform to open up new markets and facilitate distributed energy deployment through automation, predictive analytics, remote digital capabilities, and dynamic stakeholder engagement tools.
The Island Resilience Partnership (IRP) is a public-private partnership that supports countries and communities on the front lines of the climate crisis by accelerating their transition to renewable energy and resilient infrastructure – at no-cost to governments. The IRP leverages philanthropic capital to provide risk-free, scalable solutions for climate mitigation and climate adaptation goals. In partnership with March For Science, the world’s largest grassroots network of science advocates, IRP highlights successful climate initiatives during its Island Resilience Forums – high-level events with world leaders that are live-streamed to more than one million science advocates across the globe.
Sint Maarten is a country in the southern Caribbean. The country has a population of 39,700 and a total area of 34 sq. km. Sint Maarten, a Dutch territory, occupies half of the island and Saint Martin, a French Territory, occupies the other half. Sint Maarten has 97.3 MW total installed capacity and a peak demand of 50 MW. Government-owned NV GEBE produces and distributes power for the island. Sint Maarten is almost entirely dependent on imported oil, but the country’s commitment to an energy transition is evident in its established clean generation goals and policy shifts under development.
Artificial Intelligence
Complyport’s new AI tool – ViCA.Chat – set to revolutionise compliance support services
LONDON, June 14, 2024 /PRNewswire/ — ViCA.Chat, the Virtual Compliance Assistant powered by AI technology, is set to transform regulatory compliance consulting. Developed by ComplyMAP Group’s AI engineers and Complyport’s compliance consulting teams, ViCA redefines compliance support services and propels governance, risk and compliance consulting into a new era of innovation.
Offering real-time assistance across a vast array of UK and EU regulatory frameworks, ViCA delivers unparalleled efficiency, detail and precision in disentangling and dealing with complicated regulatory frameworks.
The key differentiator of ViCA is its specialised and purposely constructed unique databases that leverage Complyport’s 22 years of regulatory expertise, combined with tailored AI training tools, enabling ViCA to operate as an experienced compliance consultant. A dedicated human support team continuously improves and updates ViCA’s knowledge and responses through a feedback loop process and quality assurance sessions. This powerful symbiosis of AI and human expertise sets ViCA apart and ensures businesses have the latest regulatory information instantaneously and seamlessly.
As a result, ViCA’s specialised regulatory database goes beyond readily available online resources which feature into traditional AI tools. ViCA offers exclusive insights, proprietary regulatory interpretations, historical data, bespoke and purposely structured compliance documentation and templates. With advanced scraping capabilities, ViCA also extracts relevant data from selected websites and publicly available information, ensuring an up-to-date and comprehensive understanding of compliance requirements across industries.
From agile fintech startups to established law firms, financial institutions, regulatory bodies, insurance providers, as well as compliance consultants, ViCA seamlessly adapts to unique compliance needs. Its user-friendly interface ensures navigating and analysing regulatory data is swift and intuitive, streamlining the compliance workflow.
“ViCA is a game-changer in how regulatory compliance advice will be provided in the future”, commented Luis Parra, Managing Director of ViCA. “With ViCA, compliance insights become available to all. No longer are regulated firms and responsible people overly dependent on advisors and compliance consultants. Through ViCA, the financial system will not only meet but exceed regulatory standards. Moreover, the level of information made available to the public will benefit society as a whole, in its interactions with the financial services sector.”
Among ViCA’s revolutionary features is its cost-effective model, allowing businesses to significantly reduce reliance on traditional spending with external consultants and advisors.
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About ViCA.Chat:
ViCA.Chat is a revolutionary Virtual Compliance Assistant powered by cutting-edge AI technology, designed to demystify the complexities of regulatory compliance. Utilising Complyport’s 22 years of regulatory expertise, ViCA offers real-time assistance and guidance across a wide range of regulatory frameworks, setting a new standard for efficiency and precision in compliance support. From fintech start-ups to established law firms, financial services institutions, regulators, regulatory firms, compliance consultants and insurance firms, ViCA caters to the diverse needs of professionals across all levels in the broader UK financial services sector.
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Artificial Intelligence
LoRa and LoRaWAN IoT Market worth $32.7 billion by 2029- Exclusive Report by MarketsandMarkets™
CHICAGO, June 14, 2024 /PRNewswire/ — The LoRa and LoRaWAN IoT Market is expected to reach USD 32.7 billion by 2029 from USD 8.0 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 32.4 % during 2024–2029, according to a new report by MarketsandMarkets™.
Browse in-depth TOC on “LoRa and LoRaWAN IoT Market”
320 – Tables 58 – Figures294 – Pages
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Scope of the Report
Report Metrics
Details
Market size available for years
2018-2029
Base year considered
2023
Forecast period
2024–2029
Forecast units
Value (USD Billion)
Segments Covered
Offering, Network Deployment, Application, End User, and Region
Region covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
List of Companies in LoRa and LoRaWAN IoT
The Bosch Group (Germany), Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US).
The LoRaWAN ecosystem influences development of tools, software libraries, and cloud-based platforms that streamline the creation, deployment, and management of IoT solutions. Continuously evolving, this ecosystem boasts a burgeoning array of vendors providing LoRa-compliant devices, gateways, and network management solutions. This vibrant competition within the ecosystem propels innovation while driving down costs for end-users. Moreover, the development of interoperable solutions fosters seamless integration and deployment of LoRaWAN networks, simplifying the implementation process for businesses and organizations. As the ecosystem continues to expand and mature, it empowers developers, system integrators, and IoT enthusiasts to unleash their creativity, accelerate time-to-market, and unlock the full potential of LoRaWAN technology in diverse applications and industries.
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Based on network deployment, the public network segment to hold the largest market size during the forecast period.
The robust security features integrated into public LoRaWAN networks play a significant role in driving the growth and adoption of LoRaWAN technology in the market. End-to-end encryption ensures that data transmitted between devices and gateways is protected from unauthorized access or interception, safeguarding sensitive information such as sensor readings, location data, and command messages. Message integrity checks verify the integrity of data packets, detecting any tampering or alteration during transmission and ensuring data authenticity and reliability. Additionally, mutual authentication mechanisms establish trust between devices and gateways, verifying the identity of both parties before allowing communication to occur. These security measures provide organizations and end-users with confidence in the integrity and confidentiality of their data, mitigating concerns related to data privacy, cybersecurity threats, and regulatory compliance. As a result, implementing robust security features in public LoRaWAN networks enhances trust and credibility in the technology, driving increased adoption and market growth as organizations seek reliable and secure connectivity solutions for their IoT deployments.
By offering, the services segment is expected to hold a higher growth rate during the forecast period.
IoT service providers are pivotal in driving adoption by developing vertical-specific solutions finely tuned to the distinct needs of industries like agriculture, healthcare, logistics, and smart cities. In agriculture, for instance, IoT services offer solutions for precision farming, crop monitoring, and livestock management, enabling farmers to optimize irrigation, monitor soil health, and enhance yields. Similarly, IoT services facilitate remote patient monitoring, asset tracking, and inventory management in healthcare, improving patient care, reducing costs, and ensuring compliance with regulatory standards such as HIPAA. In logistics, IoT services provide real-time tracking of shipments, fleet management, and predictive maintenance, enhancing supply chain visibility, efficiency, and reliability. For smart cities, IoT services offer solutions for traffic management, waste management, energy optimization, and public safety, transforming urban infrastructure and enhancing the quality of life for residents. By addressing industry-specific challenges, compliance requirements, and use cases, vertical-specific IoT solutions deliver tangible business value, driving adoption and fueling the growth of the IoT services market across diverse sectors.
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Asia Pacific is expected to hold a higher growth rate during the forecast period.
In the Asia Pacific region, where agriculture serves as a cornerstone of many economies, adopting IoT technologies, particularly LoRa and LoRaWAN, is revolutionizing traditional farming practices. LoRaWAN’s long-range connectivity and low-power consumption make it well-suited for deployment in rural agricultural settings, where access to reliable connectivity may be limited. Through LoRa-based IoT solutions, farmers can implement precision agriculture techniques to address pressing challenges such as water scarcity, soil degradation, and unpredictable weather patterns. LoRa-enabled sensors facilitate real-time monitoring of soil moisture levels, temperature, and humidity, allowing farmers to optimize irrigation schedules and conserve water resources. Remote sensing technologies powered by LoRaWAN enable farmers to gather actionable insights on crop health, pest infestations, and nutrient deficiencies, facilitating timely interventions and improving overall crop management practices. Furthermore, LoRa-based crop analytics platforms provide farmers with data-driven decision support tools, helping them optimize planting strategies, improve yield forecasting, and mitigate the impact of climate change on agricultural productivity. By harnessing the power of LoRa and LoRaWAN IoT solutions, farmers in the Asia Pacific region can increase yields, conserve resources, and enhance resilience to environmental challenges, driving the adoption and growth of the LoRaWAN IoT market in the agricultural sector.
Top Key Companies in LoRa and LoRaWAN IoT Market:
The major vendors covered in the LoRa and LoRaWAN IoT Market are The Bosch Group (Germany), Cisco (US), Orange SA (France), Comcast Corporation (US), Semtech (US), NEC Corporation(Japan), Tata Communications (India), AWS (US), Advantech (Taiwan), SK Telecom (South Korea), Murata (Japan), Kerlink (France), Actility (France), Digi International (US), MultiTech (US), Ezurio (US), Sensoterra (Netherlands), Nwave Technologies (US), RAKwireless (China), TheThings.io (Spain), Datacake (Germany), Milesight (China), LORIOT (Switzerland), Exosite (US), Orbiwise (Switzerland), Netmore Group (Sweden), and Radio Bridge Inc (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their footprint in the LoRa and LoRaWAN IoT Market.
Browse Adjacent Markets: Digitalization and Internet of Things (IoT) Market Research Reports & Consulting
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MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
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The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
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Artificial Intelligence
Scoring a Seat at UEFA EURO 2024™ with Top-Performing AI-Powered TOSHIBA TV Lineup
HONG KONG, June 14, 2024 /PRNewswire/ — Football fans are in for a treat as they gear up for UEFA EURO 2024™ with Toshiba TV’s top-performing Gaming TV Z670. As the OFFICIAL TV OF UEFA EURO 2024™, Toshiba TVs present immersive viewing of the football game by their AI-powered TV lineup. To celebrate the brilliant moments it can bring, Toshiba TV are gifting USD100 Amazon Gift Card via their social platform! By simply like, follow and comment on @ToshibaTVGlobal, fans can boost their chances of scoring this prize.
Optimized Visuals Tailored for Football Dynamics
The Toshiba REGZA Engine ZRi in Z670 transports football fans into the heart of the action. With the AI Football Mode, they’ll be able to see fast-moving objects crystal clear and football field actions much enriched. To see their favourite player score that winning goal, the AI Picture Optimizer automatically adjusts visual contrast and precision adapted to the game. From vivid green fields and vibrant player kits, every play comes to life with AI 4K Upscaling and Quantum Dot Color, transforming lower-resolution broadcasts into near-4K quality and unleashing lifelike visual color.
Powerful Audio Effects for a Live Stadium Experience
The Toshiba TV Z670’s powerful audio system makes viewers feel like they’re right in the game. With the REGZA Bass Woofer Pro, Tru Bass Booster, and Dolby Atmos, they’ll experience heart-thumping 3D surround sound that captures the live stadium atmosphere. Whether it’s the roar of the crowd or the intensity of each play, the rich audio brings the excitement of each game right into their room.
Bringing Everyone Together for UEFA EURO 2024™
Available in sizes ranging from 55″ to 85″, Z670 is equipped with a Wide Viewing Angle and Anti-reflection features that ensures a clear picture from all viewing positions with the non-glare panel. Gather everyone for “Brilliant Every Moment” in UEFA EURO 2024™ with Toshiba TV!
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About Toshiba TV:
With 70+ years of history in TV production, Toshiba TV is known for its exquisite craftsmanship, innovative ideas and groundbreaking inventions. By prioritizing superior image quality and auditory experiences, Toshiba TV sets new standards in entertainment. Toshiba TV stems from the excellence quest of customers, providing the world with responsible products to make the world a better place. Emphasizing attention to product details and technological advancement, Toshiba TV integrates aesthetically pleasing design, quality assurance, and brand reputation to underscore its commitment to authenticity in the actual world and a sincere dedication to its consumers, showcasing Toshiba TV’s long-standing design philosophy and continuous pursuit of product quality.
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