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Insider information: Merus Power receives nearly EUR 20 million energy storage order from Alpiq

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HELSINKI, June 19, 2024 /PRNewswire/ — Swiss-based Alpiq has placed an order with Merus Power to build a 30 MW/36 MWh energy storage facility in Valkeakoski to be connected to Fingrid’s grid. Merus Power has carried out the project development work and is responsible for the overall supply of the energy storage facility. In addition, the parties have concluded a contract for operation maintenance services. 

The delivery and commissioning of the energy storage facility is scheduled for summer 2025. The investment amounts to nearly EUR 20 million and includes an option to use Merus Power’s trading service in the future.

Alpiq is a leading Swiss electricity producer and energy service provider and is active throughout Europe. Alpiq has a low-carbon and flexible asset portfolio with a strong base of hydro and thermal plants, nuclear and renewable assets.

The main function of the energy storage facility to be built in Valkeakoski is to support the balancing of generation and consumption in the grid by participating in Fingrid’s frequency reserve market. The energy storage facility will be one of the largest in Finland operating on the frequency reserve market in terms of power and energy capacity. 

“We have persistently increased the expertise of Merus Power’s energy storage team and developed our solutions to meet a wide range of market requirements. Our agreement with the internationally operating Alpiq both demonstrates the effectiveness of our energy storage strategy and contributes to the development of their market position in Finland.” – Mikko Marttala, Project Development Director at Merus Power. 

Together for a better climate and an improved security of supply  

“This investment in a battery energy storage system (BESS) is a valuable contribution to strengthening security of supply in our European core markets and is in line with our corporate purpose. The energy transition requires more and more intermittent wind and solar energy capacities to be integrated. Alpiq can support this integration by combining our existing expertise in flexible generation with BESS investments.” – Lukas Gresnigt, Head International and member of the Alpiq Executive Board

Balancing electricity production and consumption is becoming increasingly important as renewable energy sources become more widespread. This change requires new solutions, as renewables make the fluctuations in the frequency of the electric grid faster and steeper. The energy storage facility in Valkeakoski will be able to react to these changes in milliseconds.

The modern energy storage facility supplied by Merus Power includes power electronics, intelligent software, and batteries that form a high-tech, high-quality package. With its exceptional expertise and technological know-how, Merus Power has the potential to act as a value chain builder for the entire business. All their products are designed and manufactured in Finland, where Merus Power holds a leading position in the market. Jones, Lang & LaSalle is advising Merus Power on the project to be build in Valkeakoski.

“We have tailored Merus Power’s energy storage software and services to meet the specific needs of our customers. Our software provides customers with confidence simplicity in using their devices and getting the most out of their entire investment. Our customers can also rely on the compatibility of the hardware and software and the ability to react quickly to market changes. We are able to accommodate future requirements in our existing systems – thus maintaining high availability in both the short and long term.” – Kari Tuomala, CEO of Merus Power. 

For more information: 

Kari Tuomala, CEO, kari.tuomala@meruspower.com, +358 20 735 4320 
Jonna Kannosto, Marketing and Communications Director, jonna.kannosto@meruspower.com, +358 44 357 8320 
Aktia Alexander Corporate Finance Oy, Authorised Advisor, +358 50 520 4098 

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Nasdaq Helsinki Ltd.
Key media 

Merus Power in brief: 

Merus Power is a technology company that enables a sustainable and energy-efficient future. We design and manufacture innovative electrical engineering solutions, such as energy storages, power quality solutions and services for renewable energy and industrial needs. With our scalable technology, we enable the growth of renewable energy in electric grids and improve the energy efficiency of society. We are a domestic innovative electrical engineering specialist and operate in global and fast-growing markets. Our personnel represent internationally respected engineering expertise. Our turnover in 2023 was EUR 29.0 million and our stock trading symbol on the Nasdaq First North Growth Market Finland is MERUS. www.meruspower.com.

The original of this document has been made in Finnish. In case of any discrepancy, the Finnish version will prevail.

Alpiq in brief: 

Alpiq is a leading Swiss energy services provider and electricity producer that operates throughout Europe. It offers its customers comprehensive and efficient services in the fields of energy generation and marketing as well as energy optimisation. Alpiq has been generating climate-friendly and sustainable electricity from carbon-free Swiss hydropower for more than 100 years. The power plant portfolio also comprises shares in two Swiss nuclear power plants as well as flexible thermal power plants, wind farms and photovoltaic facilities in Europe. The Alpiq Group has around 1,200 employees and is headquartered in Lausanne. Alpiq Holding Ltd. is a private stock corporation in majority private ownership. It is fully controlled by the three shareholder groups of Schweizer Kraftwerksbeteiligungs-AG (SKBAG), the Consortium of Swiss Minority Shareholders (KSM) and EOS Holding SA (EOS).

 

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Knowledge Grid Study Shows the Same AI Model Goes From Wrong to Right When Data Becomes Knowledge

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Findings point to a missing layer in the agentic AI stack: durable knowledge of the environment, built once and kept for every model and agent to use.

SALT LAKE CITY, Oct. 28, 2026 /PRNewswire/ — Knowledge Grid, the company defining the Cognitive Data Layer for AI, today announced a study showing an AI model’s verdict can flip from wrong to right without changing the model.

Enterprises are handing AI agents decisions people once made. Most reason over data with no memory of what is normal, so the agent or model fills the gap with confident but unverified assumptions.

In one example, the study gave the same AI models the same incident and data twice: through a conventional cyber analysis pipeline (SIEM stack) and through the Knowledge Grid Cognitive Data Platform, which contains knowledge of each user’s normal behavior.

On the conventional pipeline, the models misinterpreted a user’s routine work as suspicious; and another model confidently called it potential insider threat activity. In the Knowledge Grid stack, the same models correctly interpreted the user behavior and did not flag it as suspicious. Results held for both frontier and smaller open-weight models.

This knowledge is too valuable to rebuild for every investigation or question. Agents rebuilding it from raw data start from zero. Using Knowledge Grid’s Durable Knowledge Layer, it keeps that knowledge current, so every model and agent starts from what is already known.

“The most dangerous AI answer is the one that sounds right, but isn’t,” said Peter Bybee, founder and CEO of Knowledge Grid. “The same model got the same incident wrong, then right. The difference was the knowledge underneath it, and that knowledge should outlast any one question.”

Knowledge Grid is sharing the methodology and results with analysts and customers and will demonstrate it at VentureBeat’s Agentic Infrastructure Stack Summit on Oct. 28.

About Knowledge Grid

Knowledge Grid builds the Cognitive Data Layer: knowledge infrastructure that turns high-volume temporal data into Persistent Environmental Knowledge that AI, analytics and automation can reason over without reconstructing the environment each time. The KG Cognitive Data Platform is built on Rough Set mathematics developed by the company’s research team in Warsaw, Poland, and is protected by seven issued U.S. patents, with two pending. Knowledge Grid is headquartered in Salt Lake City. Learn more at knowledgegrid.com.

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SOURCE Knowledge Grid

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Greenlane Renewables Announces Renewal of Service Agreements with Major International Energy Company

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~Renewals reinforce strength of Greenlane’s long-standing customer relationship and aftermarket parts and service business~

VANCOUVER, BC, Oct. 28, 2026 /CNW/ — Greenlane Renewables Inc. (“Greenlane” or the “Company”) (TSX: GRN) (FSE: 52G) today announced the renewal of service agreements with a major international energy company for three of its renewable natural gas (“RNG”) producing facilities at dairy farms in the United States. The renewals reinforce the strength of Greenlane’s long-standing relationship with this customer and aftermarket parts and service business.

“The renewed service agreements reflect continued confidence in Greenlane’s products, technical expertise and service capabilities to support the reliable and efficient operation of our customer’s RNG production facilities,” said Brad Douville, CEO of Greenlane. “It is a strong endorsement of the value we continue to deliver to our customers. Our ability to maintain and expand relationships with established customers is an important part of our growth strategy and demonstrates the confidence they place in Greenlane to support their operations over the long term. As our installed base of systems continues to grow, we see meaningful opportunities to further expand our aftermarket parts and service business, generate recurring revenue and strengthen the long-term relationships that underpin our business.”

Greenlane’s aftermarket parts and service business is an important component of the Company’s strategy to expand recurring revenue opportunities and deepen relationships with existing customers. With more than 500 systems sold across 32 countries over its more than 35-year history, Greenlane has an extensive installed base that provides opportunities for ongoing maintenance, replacement parts, technical support and system optimization services.

Greenlane offers maintenance packages designed to meet the varying service requirements of its customers and their biogas upgrading systems. The Company’s service capabilities include preventative maintenance, technical support, troubleshooting and plant performance optimization, helping customers support the reliability, efficiency and long-term performance of their installed systems.

Greenlane’s service offerings include:

24/7 Expert Support: Immediate assistance through our dedicated helpline and remote access capabilities.Proactive Maintenance: Preventative measures, corrective actions, and scheduled site inspections to ensure optimal performance.Media Change-Outs: Provide turnkey H₂S media change-outs to plant locations, saving time and reducing costs. Our experienced team safely and efficiently executes the work to minimize downtime and lower our customers’ operating costs.Spare Parts & Logistics: Priority supply of critical spare parts to minimize downtime.Training & Performance Optimization: Operator training, real-time monitoring, and detailed performance analysis to keep sites running efficiently.

Click HERE for more information on Greenlane services.

About Greenlane Renewables
At Greenlane, we are relentless innovators solving the toughest challenges. At a time when new solutions are urgently needed, we are accelerating the energy transition to a net-zero emissions economy. As a pioneer and leading global specialist in biogas desulfurization and upgrading, we have been actively contributing to the decarbonization of our planet for over 35 years with more than 500 systems sold into 32 countries. The systems we supply transform biogas generated from organic waste into high-value, low-carbon renewable natural gas (“RNG”) for gas networks, transportation and industry from a wide range of sources such as landfills, sugar mills, dairy farms, wastewater, and food waste. Greenlane is transforming energy production through new technology without adding new technology risk, making RNG more accessible and scalable for our customers – all while dramatically reducing carbon emissions. Partner with us, let’s accelerate the energy transition together. For further information, please visit www.greenlanerenewables.com

FORWARD LOOKING INFORMATION – This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not historical in nature contain forward-looking information. Forward-looking information can be identified by words or phrases such as “may”, “is expected”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions “can”, “may” or “will” happen. In particular, this news release contains forward looking information relating to expectations regarding the ongoing operations, reliability, efficiency, and long-term performance of the biogas upgrading systems; the expected scope, support, and benefits under the service agreements with an international energy company; the Company’s ability to support customer facilities throughout their operating lives and build or extend long-term customer relationships beyond initial system delivery and commissioning; the ability of Greenlane’s growing installed base to drive future opportunities, expand its aftermarket service business, and develop recurring revenue streams; and the Company’s service capabilities to minimize downtime and lower operating costs for customers. The forward-looking information contained herein is made as of the date of this press release and is based on assumptions management believed to be reasonable at the time such statements were made, including market demand for renewable natural gas solutions, continued customer adoption of Greenlane’s parts and service offerings, the continued demand for renewable natural gas solutions and aftermarket support services; the successful ongoing operation and maintenance of the installed biogas upgrading systems; Greenlane’s ability to fulfill its contractual obligations under the service agreements; the Company’s ability to leverage its growing installed base to generate recurring aftermarket revenue and expand customer relationships; and the Company’s ability to execute its aftermarket service strategy. While management considers these assumptions to be reasonable based on information currently available to management, there is no assurance that such expectations will prove to be correct. By their nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. A variety of factors, including known and unknown risks, many of which are beyond the Company’s control, could cause actual results to differ materially from the forward-looking information in this press release. Additional risk factors can also be found in the Company’s Management Discussion and Analysis, and its Annual Information Form, all of which have been filed under the Company’s SEDAR+ profile at www.sedarplus.com. Readers are cautioned not to put undue reliance on forward-looking information. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

SOURCE Greenlane Renewables Inc.

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Pixelworks to Announce Third Quarter 2026 Financial Results on November 11

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PORTLAND, Ore., Oct. 28, 2026 /PRNewswire/ — Pixelworks, Inc. (NASDAQ: PXLW), a provider of innovative cinematic and enhanced visualization solutions, will release its third quarter 2026 financial results on Wednesday, November 11, 2026, after market close. Todd DeBonis, Chairman and CEO, and Haley Aman, CFO, will host a conference call at 2:00 p.m. Pacific Time to discuss the Company’s quarterly results.

Analysts and investors are invited to join the Company’s conference call using the following information:

Third Quarter 2026 Conference Call
Date: Wednesday, November 11
Time: 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time)
Live Webcast Link: Click Here
Dial-in Participation Registration Link: Click Here

Advanced registration is required for dial-in participants. Please complete the linked registration form above to receive a dial-in number and dedicated PIN for accessing the conference call by phone. A live and archived audio webcast of the conference call will also be accessible via the Investor Relations section of Pixelworks’ website.

About Pixelworks, Inc.

Pixelworks (NASDAQ: PXLW) is a technology licensing company specializing in cinematic visualization solutions, including industry-leading content creation, delivery and display processing solutions that enable highly authentic viewing experiences with superior visual quality. Pixelworks has more than 20 years of delivering image processing innovation to leading providers of consumer electronics, professional displays and video streaming services.

About TrueCut Motion

TrueCut Motion® is a powerful video platform from Pixelworks that provides filmmakers with a new palette for motion. It enables shot-by-shot motion grading, allowing creators to manage judder, motion blur, and frame rates to achieve a consistent, cinematic look across all screens. For more information on TrueCut Motion, visit: www.truecutmotion.com

Note: Pixelworks, the Pixelworks logo, TrueCut Motion and TrueCut are registered trademarks of Pixelworks, Inc.

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SOURCE Pixelworks, Inc.

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