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Shanghai Electric Accelerates Hydrogen Energy Chain Development, Boosts Clean Energy Adoption

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Shanghai Electric is focusing on the integration of wind, solar, storage, and hydrogen, a key strategy for expanding clean energy applications in the future.

SHANGHAI, July 30, 2024 /PRNewswire/ — Shanghai Electric (“the Company”) (SEHK:2727, SSE:601727) announced that the Company has made another significant stride in lowering the overall costs of green hydrogen with its latest Z-series alkaline electrolyzer technology, an energy-saving innovation breaking through the bottleneck of the renewable energy sector to make emission-free hydrogen production more economically sustainable.

A solution that further propels the industry toward decarbonization, the solution, which adds to Shanghai Electric’s prowess in new energy innovation, makes industrial applications of green hydrogen more feasible, accelerating the utilization of hydrogen in chemical, transportation, metallurgy, and green energy storage sectors.

“Hydrogen production involves multiple segments and a long industrial chain, with cost being the primary challenge. Green hydrogen is more expensive than grey hydrogen, requiring solutions across production, storage, refueling, and usage. Our goal is to streamline the entire technology chain, driving industry-wide cost reductions,” said Wu Liang, Chief Engineer of Shanghai Bright-H Technology Co., Ltd.

Green hydrogen, the cleanest form of hydrogen, is emerging as a crucial solution in the worldwide quest for renewable energy and decarbonization, but the overall economic feasibility of its production, storage, refueling, and usage is currently a major development constraint. Shanghai Bright-H Technology Co., Ltd. (“Bright-H Technology”), a subsidiary of Shanghai Electric, has been focusing on industry pain points and technological challenges, fully addressing the key links in the hydrogen energy development chain.

Through exploring alkaline water electrolysis and proton exchange membrane (PEM) water electrolysis, the Bright-H Technology is dedicated to providing integrated “production-storage-refueling-usage” system solutions for its customers, achieving breakthroughs in green chemistry, metallurgy, transportation, and energy storage.

Setting its focus on hydrogen energy as part of its technological drive to push the boundary of clean energy innovation, Shanghai Electric has been advancing hydrogen production technology and exploring its commercial applications with other energy sources since 2015. Shanghai Electric’s ongoing endeavor has allowed it to spearhead a number of pilot projects, which puts the Company at the forefront of hydrogen energy innovation as it seeks to integrate the clean energy source within a broader power ecosystem.

For hydrogen production, Shanghai Electric has explored two technology routes, leveraging its technological advantages to build an industrial chain. In June 2023, Shanghai Electric independently manufactured and released a 2000 Nm³/h alkaline electrolyzer, which was China’s largest single hydrogen production unit at the time. In October 2023, the Company rolled out a megawatt-level PEM electrolyzer with a capacity of 200 Nm³/h, leading the industry in China in overall performance, with its compact, lightweight, and flexible design making them better suited for hydrogen refueling stations.

Shanghai Electric has also developed high-pressure hydrogen storage tanks and offers diaphragm compressors for hydrogen refueling while exploring hydrogen applications, such as green chemistry and hydrogen-blended gas turbines. In November 2023, the company tested a hydrogen-blended gas turbine at Datang Haikou Power Plant, achieving a hydrogen volume ratio above 7%, the first operational F-class project in China. In addition, Shanghai Electric proprietary DeNox burner is capable of achieving hydrogen blends of up to 30%.

As of now, Shanghai Electric has secured hydrogen energy projects across the power, transportation, and chemical sectors, leading the way in advancing sustainable energy solutions and driving innovation in clean hydrogen. The Taonan wind power-biomass green methanol integrated demonstration project is set to produce one million tons of green methanol annually in three phases. The first phase aims to develop a 250,000-ton wind-biomass green methanol project, supported by an installed capacity of 680,000 kilowatts of renewable energy.

Marking a breakthrough in hydrogen energy technology development and commercialization, The Zero-Carbon Demonstration Project by the Bright-H Technology integrates renewable energy generation, PEM water electrolysis for hydrogen production, hydrogen storage, and fuel cells. The power generated by the project is sourced from renewable energy, with fuel cells providing additional power during low-demand periods, achieving zero carbon emissions in hydrogen production and green energy self-sufficiency.

For more information about the hydrogen R&D and latest related projects with Shanghai Electric, please visit https://www.shanghai-electric.com/group_en/.

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SOURCE Shanghai Electric

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Howard Hughes Holdings Set to Join S&P SmallCap 600

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NEW YORK, Oct. 23, 2026 /PRNewswire/ — Howard Hughes Holdings Inc. (NYSE: HHH) will replace Arcosa Inc. (NYSE: ACA) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, October 28. S&P 500 constituent CRH plc (NYSE: CRH) has acquired Arcosa in a deal that closed today, October 23.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date

Index Name  

Action

Company Name

Ticker

GICS Sector

October 28, 2026

S&P SmallCap 600

Addition

Howard Hughes Holdings

HHH

Real Estate

October 28, 2026

S&P SmallCap 600

Deletion

Arcosa

ACA

Industrials

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/. 

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
spdji.comms@spglobal.com

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SOURCE S&P Dow Jones Indices

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Chelsea FC announces multi-year sleeve partnership with Sokin, the business payments and FX platform

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Chelsea FC name fast-growing fintech platform as Principal Partner

LONDON, Oct. 23, 2026 /PRNewswire/ — Chelsea Football Club has today announced a multi-year partnership with Sokin, the embedded finance and payments company used by businesses worldwide. Sokin will be named a Principal Partner and Official Business Payments and FX Partner of Chelsea FC and Chelsea FC Women.

As a Principal Partner, Sokin will be represented on the sleeves of the Chelsea FC men’s, women’s and academy home, away, and third kits from the 2026/27 season.

The partnership brings together two ambitious London-headquartered organisations with worldwide reach – a club with millions of fans across the world and a fintech platform through which businesses move more than $11 billion a year. A club of Chelsea’s scale works in many currencies every day, with partners, competitions and supporters around the world, and needs a financial partner built to handle that.

Sokin gives finance teams business payments, multi-currency accounts, foreign exchange, checkout and treasury in one place, so they spend less time juggling banks and providers and keep more of what they move.

As Official Business Payments and FX Partner, Sokin will simplify how Chelsea FC sends, receives and manages money in the currencies the club operates in.

The Sokin logo will feature on the sleeve of the Chelsea shirt for the first time [when the men’s team host Tottenham Hotspur at Stamford Bridge on Saturday 24th October.]

Jason Gannon, President at Chelsea FC said:

“At Chelsea, we seek to partner with organisations that share our ambition and innovative mindset. Sokin’s expertise in business payments, and their focus on making both simpler for the businesses they serve, makes them a natural fit for the Club. We are pleased to welcome Sokin to the Chelsea family and look forward to working together in the years ahead.”

Vroon Modgill, CEO and founder at Sokin said:

“Chelsea plays on the biggest stage in world football, and its business runs in dozens of currencies. Sokin was built for that with regulated, multi-currency payments and foreign exchange for organisations that operate internationally. We’re proud to be the platform behind the business payments and FX of one of the most iconic teams in football. Sokin’s platform serves businesses in more than 170 countries. We’re thrilled to be partners for the season ahead. An organisation as sophisticated as Chelsea doesn’t leave its finances to chance.”

About Sokin

Sokin is the financial layer global business runs on. Businesses can transact, convert and hold money in 70+ currencies across 170+ countries. Some businesses use Sokin to manage global finance in-house. Others build it into their products to power financial experiences for their customers. Businesses move more than $9 billion a year on licenses Sokin holds in 36+ countries and infrastructure Sokin owns. Founded in 2019, Sokin has raised over $100 million from investors including Morgan Stanley Expansion Capital and Prysm Capital.

About Chelsea Football Club

Chelsea Football Club is one of the biggest, most successful football clubs globally and our men’s team are reigning world champions, having won the four-yearly FIFA Club World Cup in 2025. Our women’s team, Chelsea Women, are also multiple trophy winners.

Founded in 1905, Chelsea is London’s most central football club, based at the iconic 40,000-capacity Stamford Bridge stadium. Nicknamed the Blues, the club lifted the Champions League for the first time in 2012 and domestically has won the Premier League five times, the FA Cup eight times, the Football League Cup five times and the Football League Championship once, in 1955.

The Chelsea Women’s team have enjoyed a huge amount of success and in 2025 won the FA Women’s Super League for a sixth consecutive year and the eighth time overall. The Women’s FA Cup has been won on six occasions. We have also captured the FA Women’s League Cup four times as well as reaching the UEFA Women’s Champions League final in 2021. In two seasons, 2020/21 and 2024/25, a domestic treble of trophies was secured.

The Chelsea Foundation boasts one of the most extensive community initiatives in sport, helping to improve the lives of children and young people all over the world.

Media Contacts:

Taina Biggs
taina.biggs@sokin.com 

Nerissa Chesterfield
nerissa.chesterfield@chelseafc.com 

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Amy Johnson Appointed President of GDIT

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RESTON, Va., Oct. 23, 2026 /PRNewswire/ — General Dynamics (NYSE:GD) announced today that Amy Johnson has been appointed as president of GDIT, effective November 3.

Johnson is a 27-year veteran of General Dynamics Mission Systems, where she held increasingly senior roles in engineering, engineering management and business leadership across cybersecurity, defense electronics, space and intelligence systems, most recently as vice president and general manager for Space, Cyber and Intelligence. She earned bachelor’s and master’s degrees in computer science and computer systems engineering. 

“Amy has a proven track record of leading teams to solve complex and highly technical challenges for our customers,” said Phebe Novakovic, CEO of General Dynamics. “I am confident that her dynamic leadership, operational rigor and deep commitment to our values and culture will deliver value to our customers, employees and shareholders.”

GDIT delivers digital modernization, cloud computing, artificial intelligence, cybersecurity and software development solutions to the U.S. federal government, defense, intelligence agencies and other customers. It is a business unit of General Dynamics, a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 120,000 people worldwide and generated $52.6 billion in revenue in 2025. More information is available at gd.com.

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SOURCE General Dynamics

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