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Medline holds ribbon cutting at new distribution center in Grayslake, Illinois

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4 years ago

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Estimated to be largest medical-grade distribution center in U.S. servicing medical facilities throughout the Midwest

NORTHFIELD, Ill., July 20, 2022 /PRNewswire/ — Medline today celebrated the opening of its 1.4 million-square-foot LEED-certified distribution center in Grayslake, Illinois – estimated to be the largest medical-grade distribution center in the country. To commemorate the opening, Lake County Treasurer Holly Kim, Grayslake Mayor Rhett Taylor, local dignitaries and representatives from Medline, Lake County Partners, major hospitals, nursing homes and healthcare providers in the region gathered on-site for the celebratory ribbon-cutting ceremony.

“It’s a real honor to celebrate the ribbon cutting of our newest facility with our customers, local officials and partner organizations,” said Brian Bevers, senior vice president of operations at Medline. “Medline has been operating in Lake County for nearly 50 years, and we look forward to growing our presence in the community with this latest addition in Grayslake. Thank you to all who have supported us and for joining us on this special day.”

The $125 million cutting-edge facility handles the distribution of thousands of individual products and devices shipped to healthcare providers across the continuum of care, such as hospitals, nursing homes, ambulatory surgery centers, hospices and physicians’ offices. The Grayslake facility has created 350 new jobs, for a total of nearly 700 when at full capacity, and is expected to handle more than $1 billion in annual orders.

“I think it’s significant that Medline is growing their presence in Lake County by choice,” said Lake County Treasurer Holly Kim. “Like any small mom and pop that becomes successful, this is a company that began here, grew over decades, and yet continues to give back in the community. It strikes me as unique and important that the hundreds of good jobs at Medline are not only needed during a pandemic but they will be here when times are good or challenging.”

Grayslake Mayor Rhett Taylor echoed this sentiment. “This investment highlights the tremendous economic growth that we’ve seen in recent years, in the village and in the broader Lake County community. The Alter Group’s Cornerstone development is one of the largest master-planned projects in the United States, and it was designed to give businesses the opportunity to grow. With Medline as an anchor at this new facility, our vision for the property is becoming an exciting reality.”

The Grayslake distribution center is a part of Medline’s $2 billion Healthcare Resilience Initiative, a national capital expenditure campaign that included new distribution centers, manufacturing capabilities and information technology (IT) upgrades to further their commitment to delivering superior customer service. Medline supports small businesses and plans to spend approximately $2.5 million annually with local vendors for maintenance, upkeep and operations support of the Grayslake distribution center. Medline currently manages six facilities throughout Lake County that house offices, manufacturing and distribution, and employ more than 3,000 team members.

“Lake County has celebrated extraordinary growth in advanced manufacturing and life sciences, and Medline is really at the intersection of these key industries,” noted Lake County Partners president and CEO Kevin Considine. “We strategically invest in local talent and infrastructure to make sure that business leaders can rely on our workforce, location and competitive costs. Medline’s success in our community is a testament to favorable business climate.”

Medline serves the nation’s top healthcare systems, operating over 50 distribution centers and 20-plus manufacturing facilities across North America. Medline distributes 300,000 unique medical products, including 65,000+ manufactured by Medline.

Learn how Medline tailors solutions across the entire continuum of care as a manufacturer and distributor by visiting www.medline.com/supply-chain/.   

About Medline

Medline is a healthcare company; a manufacturer, distributor, and solutions provider focused on improving the overall operating performance of healthcare. Partnering with healthcare systems and facilities across the continuum of care, Medline provides the clinical and supply chain resources required for long-term financial viability in delivering high-quality care. With the scale of one of the country’s largest companies and the agility of a family-led business, Medline is able to invest in its customers for the future and rapidly respond to a dynamically changing market with customized solutions. Headquartered in Northfield, Ill., Medline has 30,000+ employees worldwide and does business in more than 125 countries and territories. Learn more about Medline at www.medline.com.

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SOURCE Medline

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Strong Alliance, Smart Blueprint for New Power Systems | ZOE and Octopus Energy Sign Strategic Cooperation MOU to Co-Develop China’s VPP and Smart Energy Landscape

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August 4, 2026

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LONDON, Aug. 4, 2026 /PRNewswire/ — Shanghai ZOE Energy Storage (ZOE) and global clean energy leader Octopus Energy signed a Strategic Cooperation Memorandum of Understanding (MOU) on July 10, 2026 at Octopus Energy’s UK headquarters. The two parties will integrate local industrial resources with cutting-edge international digital energy technologies. They agree to establish a comprehensive co-operation agreement, with a shared ambition to explore a joint venture in China to build a smart energy and virtual power plant (VPP) ecosystem tailored to the domestic market, setting a new benchmark for Sino-foreign energy digital cooperation.

ZOE Energy Storage is a benchmark VPP service provider in China, holding operational VPP licenses in multiple provinces and has established a provincial-level directly dispatched VPP. ZOE offers end-to-end capabilities covering investment, construction, trading, and operations, building deep local competitive moats through its ecosystem partnerships.

Octopus Energy operates across 27 countries, serving 11 million households and managing £7 billion in renewable energy assets, covering PV, storage, heat pumps, and cross-border VPPs. The company has developed proprietary, field-proven AI forecasting, dynamic pricing, and cloud-edge coordinated dispatch systems—its core algorithms having been validated across multiple markets—giving it mastery over the foundational technologies for global VPP operations.

This partnership achieves deep complementary advantages: ZOE will be responsible for domestic VPP business development, integrated hardware & software deployment, compliant operational management, and localized product services; Octopus Energy will contribute its core algorithms and global operational expertise, adapt technologies to Chinese regulations and driving continuous optimization. A joint working group will conduct feasibility studies, compliance assessments, and commercial planning to advance their comprehensive partnership.

The proposed platform will integrate resources from commercial and industrial users, industrial parks, distributed PV, energy storage, and EV charging infrastructure, to build a one-stop intelligent VPP operation system adapted to domestic grid rules. Through fine-grained dispatch, it will enhance returns on distributed assets, smooth renewable fluctuations, and underpin new-type power systems.

Both parties stated that this cooperation marks a strategically significant milestone in cross-border energy technology innovation and synergistic transformation. Looking ahead, they will continue to deepen partnership through co-innovation and market expansion, unlocking distributed energy value with digital technologies, blending international expertise with local practice, and advancing China’s dual-carbon goals while leading the smart energy industry upgrade.

View original content:https://www.prnewswire.co.uk/news-releases/strong-alliance-smart-blueprint-for-new-power-systems–zoe-and-octopus-energy-sign-strategic-cooperation-mou-to-co-develop-chinas-vpp-and-smart-energy-landscape-302842143.html

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PCG Global Closes Pre-Series A to Capture Southeast Asia’s Fast-Growing Power Demand

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8 minutes ago

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August 4, 2026

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GUANGZHOU, China and SINGAPORE, Aug. 4, 2026 /PRNewswire/ — PCG Global, a clean energy platform focused on renewable energy infrastructure, has announced the closing of its Pre-Series A financing round, led by GenZero, a wholly owned Temasek platform focused on accelerating decarbonisation globally.

The company was founded in Singapore by the team behind PCG Power, one of China’s leading distributed energy operators, with more than 2GW of operational assets. PCG Global draws on this track record to replicate a full-cycle “development–construction–operation–asset securitisation–reinvestment” model across international markets. It currently has approximately 1.8GW of projects in various stages of development, spanning distributed solar, utility-scale plants, behind-the-meter storage and smart energy management, with a full-lifecycle offering from financing and development through to operations and carbon management.

Proceeds from PCG Global’s first external capital raise will be deployed to accelerate project origination and execution across Southeast Asia, Oceania and the Middle East, where net-zero commitments and rising power demand are driving rapid growth for renewables. The company already has its first operational project in Indonesia and is advancing utility-scale opportunities in the region.

Li Wenxuan, Chairman and CEO of PCG Power, said: “This round reflects institutional confidence in our ability to translate proven distributed energy capabilities into high-quality outcomes beyond China. We look forward to delivering lasting impact across our target markets.”

Kimberly Tan, Head of Investments at GenZero, said: “The PCG team has demonstrated strong capabilities across capital management, project development and operational execution. We believe they are well-positioned to expand globally, particularly in regions with significant demand for clean and resilient energy infrastructure.”

Headquartered in Singapore, PCG Global operates under independent governance with dozens of professionals and development teams spanning its target markets.

About PCG Global

PCG Global is a Singapore-headquartered clean energy platform focused on the investment, development and operation of renewable energy infrastructure across international markets. The company delivers integrated energy solutions spanning solar generation, energy storage and smart energy management, with a full-lifecycle approach from project financing through to carbon asset management.

About GenZero

GenZero is an investment platform company focused on accelerating decarbonisation globally. Founded by Temasek, it seeks to deliver positive climate impact alongside long-term sustainable financial returns by investing in scalable solutions.

Media Contacts:

PCG Global – Public Relations: pr@pcgglobal.com  GenZero – Michelle Tan: michelletan@genzero.co  

 

View original content:https://www.prnewswire.com/apac/news-releases/pcg-global-closes-pre-series-a-to-capture-southeast-asias-fast-growing-power-demand-302842067.html

SOURCE PCG Global

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PCG Global Closes Pre-Series A to Tap into Oceania’s Accelerating Renewable Capacity Expansion

Published

8 minutes ago

on

August 4, 2026

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GUANGZHOU, China and SINGAPORE, Aug. 4, 2026 /PRNewswire/ — PCG Global, a clean energy platform focused on renewable energy infrastructure, has announced the closing of its Pre-Series A financing round, led by GenZero, a wholly owned Temasek platform focused on accelerating decarbonisation globally.

The company was founded in Singapore by the team behind PCG Power, one of China’s leading distributed energy operators, with more than 2GW of operational assets. PCG Global draws on this track record to replicate a full-cycle “development–construction–operation–asset securitisation–reinvestment” model across international markets. It currently has approximately 1.8GW of projects in various stages of development, spanning distributed solar, utility-scale plants, behind-the-meter storage and smart energy management, with a full-lifecycle offering from financing and development through to operations and carbon management.

Proceeds from PCG Global’s first external capital raise will be deployed to accelerate project origination and execution across Southeast Asia, Oceania and the Middle East, where net-zero commitments and rising power demand are driving rapid growth for renewables. The company already has its first operational project in Indonesia and is advancing utility-scale opportunities in the region.

Li Wenxuan, Chairman and CEO of PCG Power, said: “This round reflects institutional confidence in our ability to translate proven distributed energy capabilities into high-quality outcomes beyond China. We look forward to delivering lasting impact across our target markets.”

Kimberly Tan, Head of Investments at GenZero, said: “The PCG team has demonstrated strong capabilities across capital management, project development and operational execution. We believe they are well-positioned to expand globally, particularly in regions with significant demand for clean and resilient energy infrastructure.”

Headquartered in Singapore, PCG Global operates under independent governance with dozens of professionals and development teams spanning its target markets.

About PCG Global

PCG Global is a Singapore-headquartered clean energy platform focused on the investment, development and operation of renewable energy infrastructure across international markets. The company delivers integrated energy solutions spanning solar generation, energy storage and smart energy management, with a full-lifecycle approach from project financing through to carbon asset management.

About GenZero

GenZero is an investment platform company focused on accelerating decarbonisation globally. Founded by Temasek, it seeks to deliver positive climate impact alongside long-term sustainable financial returns by investing in scalable solutions.

Media Contacts:

PCG Global – Public Relations: pr@pcgglobal.com  GenZero – Michelle Tan: michelletan@genzero.co  

View original content:https://www.prnewswire.com/apac/news-releases/pcg-global-closes-pre-series-a-to-tap-into-oceanias-accelerating-renewable-capacity-expansion-302842127.html

SOURCE PCG Global

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