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AlphaStruxure and Montgomery County Break Ground on Nation’s Largest Renewable Energy-Powered Transit Depot

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Montgomery County, Maryland’s David F. Bone Equipment Maintenance and Transit Operations Center will be the largest renewable energy-powered transit depot, the largest transit depot microgrid in the nation, and the first on the East Coast to produce green hydrogen on-site.This 5.65 megawatt microgrid project, delivered for zero upfront costs via Energy as a Service, will feature solar arrays, electric bus chargers, battery energy storage, and a County-owned hydrogen electrolyzer, thereby allowing the depot to operate indefinitely in “island mode.”Event photos, 3D renderings, B-roll and other media assets can be found here

DERWOOD, Md., June 14, 2024 /PRNewswire/ — Today, AlphaStruxure, a leader in Energy as a Service (EaaS) microgrid solutions, and Montgomery County, Maryland (County) broke ground on an integrated microgrid infrastructure project. The project will feature electric bus charging and on-site green hydrogen production powered by solar and battery energy storage.

The County operates the second-largest bus fleet in the Washington, D.C. region. Its David F. Bone Equipment Maintenance and Transit Operations Center is a major depot within Ride On Montgomery’s network and the fifth largest County-owned energy consumer. By 2035, the depot is projected to accommodate 200 zero-emissions buses, of which most will be hydrogen fuel cellNew electric buses (FCEBs). The County is using FCEBs in part because they have a greater range versus battery electric buses and can thus support longer bus routes. A hydrogen FCEB is a zero-emissions vehicle, powered by hydrogen and oxygen, emitting only water.

The microgrid’s construction is expected to be completed in 2025, when the system will begin sending renewable energy back to the grid and have the ability to power zero-emissions buses. This microgrid follows the launch of the Brookville Smart Energy Bus Depot in 2022, which was the County’s first fully constructed microgrid-powered bus depot and also led by AlphaStruxure. Together, the two depots will eventually power about 335 zero-emissions transit buses, according to the County’s latest fleet transition plan.

“It’s a joyous moment to be breaking ground on a project that is the new standard for public transit in the United States,” said Juan Macias, CEO of AlphaStruxure. “The County has proven itself as a national leader in zero-emissions transit, in part by prioritizing simultaneous procurement of both the buses and the sustainable infrastructure needed to power them. Both are fundamental to a successful fleet transition. Our Energy as a Service approach enables the County to achieve sustainable and resilient transit — without upfront capital, in a way that de-risks the financial, construction, and operations phases of the project.”

“This project is the largest renewable energy-powered transit depot and transit depot microgrid in the nation; it is also the first facility on the East Coast to produce green hydrogen on-site,” said County Executive Marc Elrich. “Montgomery County is providing a sustainable model for the nation to follow. It is great to see this bus depot microgrid move from concept to construction so quickly thanks to our ongoing partnership with AlphaStruxure and their related companies; we already have five microgrids in operation or development, with more underway. This project will both ensure that County services are prepared for the increasingly extreme weather due to climate change as well as increasing our production of clean energy.”

“Transitioning to green transit is better for our commuters and the health of our communities. That’s why I worked to secure funding to support Montgomery County’s efforts to move to a fully zero-emission bus fleet fueled by renewable power,” said U.S. Senator Chris Van Hollen. “Projects like these are critical to achieving Maryland’s ambitious clean energy goals while making local public transit more reliable and cost-effective.”

“By breaking ground on America’s largest electric bus depot, Montgomery County continues to lead the country with investments in creating a clean energy future for our children and grandchildren,” U.S. Representative Jamie Raskin said. “I’m confident this project will serve as an inspiration for other local governments exploring sustainable energy transitions, and I’m committed to continue strongly advocating for commonsense pro-climate legislation in Congress to benefit Maryland and the nation.”

Fueling the County’s FCEBs with green hydrogen produced by the microgrid’s solar array advances the County’s goal of reaching a 100% reduction in carbon emissions by 2035. The microgrid also enables the County to reduce its Scope 1 and 2 emissions by 4,000 metric tons of CO2 per year, equivalent to approximately 780 homes’ annual electricity use. The County will also use the microgrid to advance equity. The microgrid will support zero-emissions buses for cleaner air and less congestion along its Bus Rapid Transit (BRT) network, which serves many minority and low-income riders. It will also support new career and training opportunities for underserved communities through a County apprenticeship program.

Like the Brookville depot, this existing depot will remain fully operational throughout its 28-phase construction process, with no impact on transit services. The microgrid will provide sustainable, resilient power to a mixed fleet of battery electric and FCEBs, along with the facility’s five buildings. It will also be interconnected to the Pepco utility grid and is engineered to operate in island mode indefinitely, ensuring uninterrupted service for the County’s constituents during extended grid or power outages and emergency situations. Specifically, the microgrid will include:

5.65 MWDC of rooftop and canopy solar generation2 MW/6.88 MWh battery energy storageUp to 2.25 MW of charging capacity1 MW hydrogen electrolyzerSoftware tools and IoT-connected hardwareA complete overview can be found here.

AlphaStruxure and the County will leverage a close partnership with the local utility, Pepco, to deploy the large-scale microgrid on a rapid timeline. In addition to powering on-site production of green hydrogen, a resilient fuel source for FCEBs, the microgrid will also be able to send up to two megawatts (MWs) of renewable energy back to the utility grid via a Pepco net metering program.

“Because of their ability to accelerate adoption of clean power sources, microgrids are emerging as a key driver of the energy transition,” said Jana Gerber, Schneider Electric’s President of North America Microgrids. “And as extreme weather increases, a microgrid’s ability to withstand these events is critical for municipalities that need to deliver services to constituents around the clock. Schneider Electric is very proud to contribute to the key infrastructure of this benchmark project that further establishes Montgomery County’s leadership in microgrid and Energy as a Service adoption. The County continues to lead the way and show what is possible.”

AlphaStruxure, a joint venture of Carlyle and Schneider Electric™, will finance the project through the Energy as a Service (EaaS) business model. The Boston, MA-based company will deliver all aspects of design, construction, and long-term operations and maintenance. As a joint venture, AlphaStruxure combines Carlyle’s comprehensive financial capabilities and infrastructure expertise with Schneider Electric’s leading microgrid technology, software, and services.

AlphaStruxure serves as a trusted partner for the County, helping it to achieve its 2035 fleet sustainability and resilience goals. It is delivering the microgrid to the County without requiring capital expenditures via an EaaS contract, a long-term agreement ensuring predictable operating expenses, performance, and energy pricing.

Montgomery County’s Department of General Services, the Department of Transportation, and the Office of Energy and Sustainability are spearheading this ambitious drive toward achieving net-zero emissions by leading the transition of the County’s transit fleet and depot infrastructure. AlphaStruxure’s partners for this project include Mortenson for design-build; Schneider Electric for the battery energy storage system, microgrid controls, switchgear, and services; WSP as the engineer of record; AZZO for network and cybersecurity; The Mobility House for charge management software; and Heliox for EV charger hardware.

AlphaStruxure is a leading Energy as a Service (EaaS) provider and microgrid integrator. Its purpose is to decarbonize energy infrastructure at speed and scale. It does so by helping public- and private-sector organizations achieve ambitious, tailored energy transformations — without the CapEx or complexity. AlphaStruxure designs, finances, builds, owns, operates and maintains energy infrastructure, including microgrids, to deliver emissions reductions, reliability, and resilience. Its projects include two of the largest transit microgrids in the U.S. and a microgrid for John F. Kennedy International Airport’s New Terminal One. Unlike other EaaS providers, AlphaStruxure owns its clients’ systems for the entire lifecycle, making the company accountable to long-term guarantees on pricing and performance. AlphaStruxure’s joint-venture model harnesses Carlyle’s expertise in financing large-scale energy infrastructure projects and Schneider Electric’s 185+ year legacy of energy innovation, with more than 350 successful microgrid projects across North America. AlphaStruxure is based in Boston, Massachusetts, operates across North America, and leverages global capabilities. Learn more about the company at alphastruxure.com and follow the company on LinkedIn.

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SOURCE AlphaStruxure

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Galaxy Digital Inc. Announces Pricing of $3.507 Billion of Senior Secured Notes

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NEW YORK, July 23, 2026 /PRNewswire/ — Galaxy Digital Inc. (NASDAQ: GLXY) (“Galaxy” or the “Company”), a global leader in digital assets and data center infrastructure, today announced that its indirect wholly owned subsidiary, Galaxy Helios Data Centers II LLC (the “Issuer”), has priced a $3.507 billion private offering (the “Offering”) of 9.875% senior secured notes due 2031 (the “Notes”). The Offering is expected to close on July 28, 2026, subject to market and other conditions.

The Issuer intends to use the net proceeds from the Offering to finance a portion of the development and construction of two buildings containing eight data halls with a combined total of 400 megawatts (“MW”) of utility capacity and 260 MW of critical IT capacity (the “Project”) to be built on an approximately 260-acre property in Dickens County, Texas and to fund debt service reserves.

The Notes will bear interest at a rate of 9.875% per annum payable semi-annually in cash in arrears on February 1 and August 1 of each year, beginning on February 1, 2027 and will mature on August 1, 2031. The Notes will amortize at a rate of 4.00% per annum of the original principal amount subject to adjustment, with amortization payments payable semi-annually with the first payment date to occur at least ten months after the completion of the Project.

The Notes will be fully and unconditionally guaranteed by Galaxy Helios II LLC, a wholly owned direct subsidiary of the Issuer (the “Guarantor”), and will constitute the senior secured obligations of the Issuer and the Guarantor. The Notes and related note guarantee will be secured by first-priority liens on (i) substantially all assets of the Issuer and the Guarantor, other than certain excluded property and (ii) all equity interests of the Issuer held by the direct parent company of the Issuer.

The Offering is subject to market and other conditions, and there can be no assurance as to whether, when or on what terms the Offering may be completed.

The Notes have not been registered under the Securities Act or the securities laws of any other jurisdiction, and the Notes may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act and any applicable state securities laws. The Notes will be offered only to persons reasonably believed to be qualified institutional buyers under Rule 144A under the Securities Act and outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act.

This press release shall not constitute an offer to sell, or a solicitation of an offer to buy the Notes, nor shall there be any sale of the Notes in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Galaxy

Galaxy Digital Inc. (Nasdaq: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, we develop and operate cutting-edge data center infrastructure to power AI and HPC workloads. Our 1.63 GW Helios campus in Texas positions Galaxy among the largest and fastest-growing data center developers in North America. The Company is headquartered in New York City, with offices across North America, Europe, the Middle East, and Asia.

Forward Looking Statements

This press release includes forward-looking statements, including statements relating to the completion, size and timing of the Offering, the terms of the Notes and the intended use of proceeds. The Company intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 and includes this statement for purposes of complying with these safe harbor provisions. Forward-looking statements represent the Company’s current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Among those risks and uncertainties are market conditions, including market interest rates, the satisfaction of the closing conditions related to the Offering and risks relating to the Company’s business, including those described in periodic reports that the Company files from time to time with the SEC. The Issuer may not consummate the proposed Offering described in this press release and, if the proposed Offering is consummated, cannot provide any assurances regarding the final terms of the Offering or the Notes or its ability to effectively apply the net proceeds as described above. The forward-looking statements included in this press release speak only as of the date of this press release, and the Company does not undertake to update the statements included in this press release for subsequent developments, whether as a result of new information, future events, or otherwise, except as may be required by law.

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SOURCE Galaxy Digital Inc.

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The Finish Line that Changed China: Retracing the Long March to Yan’an

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BEIJING, July 23, 2026 /PRNewswire/ — A news report from China.org.cn on the Long March, and what it means for China today:

 

Every journey has a destination.

But some destinations become the beginning of something even greater.

This is Yan’an.

Over 90 years ago, an army of soldiers embarked from Yudu, Jiangxi Province, on a journey that would go down in history.

They crossed snow-capped mountains, vast grasslands and raging rivers, eventually arriving in northern Shaanxi.

Across this grueling 12,500-kilometer journey, they wrote a magnificent epic in human history with willpower and courage.

Here, their Long March came to a victorious end. But a new chapter of history was only beginning.

In Yan’an, the Red Army found time to recover and rebuild, and the Central Committee of the Communist Party of China regrouped, gathering strength for the next chapter.

Here, new ideas were debated, new strategies were shaped, and a vision for China’s future gradually took form.

Today, while preserving its revolutionary legacy, Yan’an has grown into a vibrant, modern city — with a greener environment, thriving industries and happier lives for its people.

Nearly 90 years ago, American journalist Edgar Snow came to northern Shaanxi, seeking to uncover a story that few outside China knew. He later chronicled it in his book “Red Star Over China,” which carried the story of the Long March to the world.

Today, people from around the world are once again retracing those steps.

As part of China International Communications Group (CICG)’s “Together on the Long March” international communication project, participants have spent more than a month retracing the route across six key regions.

From Jiangxi to Shaanxi, they followed the Red Army’s journey and witnessed the remarkable changes that have taken place along the way.

I asked them one simple question: What does this journey mean to you?

Zhavier Harris, marketing and communications manager at the Springfield Urban League, said conversations with local residents and descendants of the Red Army made history feel far more immediate than he had expected.

He said history isn’t as distant as we often think. “We’re only one or two generations from these great sacrifices that led to the development and the greatness that we see from the Communist Party of China and China as a whole.”

David Ferguson, honorary chief English editor at Foreign Languages Press under CICG and a recipient of the 2021 Chinese Government Friendship Award, said the journey deepened his understanding of the Long March.

He said the journey helped him understand not only the historical facts, but also what the Red Army endured. “If you see the Long March merely as a military campaign, it ended in Yan’an. But as a spirit, it has never truly come to an end.”

We came to retrace history. We leave with something more: a deeper understanding of China’s past, a clearer view of its present, and perhaps a greater appreciation for the stories that connect us across cultures.

Edgar Snow called the Long March “an Odyssey unequalled in modern times.” He believed that what sustained it was a flame — consisting of an undimmed ardor, an undying hope and an amazing revolutionary optimism.

Ninety years later, that flame still burns.

Passed down through generations, the spirit of the Long March continues to light China’s path forward.

And as it crosses borders and cultures, it offers the world a glimpse of a nation defined by resilience, perseverance and an enduring drive to move forward.

China Mosaic
http://www.china.org.cn/video/node_7230027.htm 

The Finish Line that Changed China: Retracing the Long March to Yan’an
http://www.china.org.cn/video/2026-07/23/content_118614941.shtml

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SOURCE China.org.cn

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Visa and Lianlian Advance Trusted B2B Agentic Commerce Through LoopXPay’s First Live B2B Agentic Transaction

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First live B2B agentic transaction in Greater China highlights how AI-enabled commerce can help SMBs streamline purchasing and payments, supported by Visa’s Agentic Directory for trusted AI agent interactions

SINGAPORE, July 24, 2026 /PRNewswire/ — Visa (NYSE: V), a global leader in digital payments, and Lianlian DigiTech Co., Ltd. (“Lianlian”), an AI-native global financial infrastructure provider, today announced the first live B2B agentic transaction completed using LoopXPay, Lianlian’s AI agent. 

Small and medium sized businesses (SMBs) often lack dedicated procurement teams and spend valuable time sourcing, purchasing and making payments themselves. In the transaction, the LoopXPay agent was used to source a product sample from a supplier and complete the purchase in a single workflow. The agent identified the purchasing requirement, recommended suitable suppliers, compared options, placed the order and securely executed the payment within a single workflow, while operating within pre-defined spending controls and approval parameters.

The milestone highlights how AI-powered commerce experiences can help SMBs simplify purchasing and payment activities while maintaining appropriate controls and oversight. By enabling AI agents to operate within pre-defined spending parameters and approval controls, businesses can reduce manual effort while retaining visibility into commercial decision-making.

As AI agents become more involved in purchasing and payment activities, businesses will require confidence that transactions are being executed by verified participants, within approved parameters and with appropriate oversight. Capabilities aligned with Visa’s Trusted Agent Protocol can help provide the identity, transparency and controls needed to support these interactions.

As part of the collaboration, LoopXPay has been registered in Visa’s Agentic Directory, enabling participating businesses and merchants to identify verified AI agents within the ecosystem. Supporting the implementation of Visa’s Trusted Agent Protocol, the Agentic Directory helps provide greater transparency into agent-driven interactions and confidence that participating agents have met Visa’s requirements.

“AI-powered commerce experiences can help businesses simplify purchasing and payments while maintaining the controls and oversight they require,” said Darren Parslow, Global Head, Visa Commercial Solutions, Visa. “For SMBs, that means less complexity in managing day-to-day commercial activities and more time focused on growth. As businesses increasingly look to embed intelligence into purchasing and payment experiences, trust will become a critical enabler of adoption. Through our collaboration with Lianlian, we are helping advance the trusted foundations that businesses will need to participate in this next era of commerce with confidence.”

Building on this milestone, Visa and Lianlian are exploring how AI agents can support a broader range of commercial activities, including procurement, digital advertising optimisation and B2B platform payments, helping advance trusted commerce through greater efficiency, transparency and control.

Zhang Zhengyu, Founder, Chairman of the Board and CEO, Lianlian DigiTech, said, “AI is reshaping the entire commercial value chain, where a growing number of business activities will be autonomously executed by AI agents, with payments serving as the critical infrastructure connecting them to global commerce. Leveraging its experience in global cross-border payments, compliance, as well as payment network, LianLian is actively building AI-native financial infrastructure, delivering an integrated suite of capabilities for the Agent Economy, spanning identity verification, transaction authorisation, intelligent payment, and global fund settlement. Through this collaboration with Visa, we aim to combine Lianlian’s AI-native capabilities with Visa’s trusted global network and commercial payment expertise to help businesses transact more securely, intelligently and efficiently in an increasingly agent-driven commerce environment.”

About Visa

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, sellers, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

About Lianlian

Lianlian DigiTech Co., Ltd. (“Lianlian DigiTech” or “Lianlian”) was founded in 2009 and listed on the Main Board of the Hong Kong Stock Exchange in 2024 (stock code: 2598.HK). As China’s leading global provider of digital and intelligent payment services, Lianlian adheres to its mission of “Connecting the world, empowering global commerce” and pursues an “AI-Native + Globalization” strategy. The Company is committed to building a trusted global intelligent financial infrastructure, enabling seamless connectivity between Chinese enterprises and global businesses.  As of now, Lianlian has established a global licensing portfolio comprising 68 payment licenses and related qualifications, and holds a VATP license issued by the Hong Kong SFC. It supports services in more than 200 countries and regions and enables transaction settlement in over 140 currencies, connecting over 180 global e-commerce platforms and serving a cumulative total of over 13.3 million customers. Learn more at www.lianlian.com.

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SOURCE Visa Worldwide Pte. Limited

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