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KALiNA Power and Crusoe Sign Framework Agreement for Joint Development of Multiple Co-Sited AI Data Centre Projects in Alberta

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Framework for joint development of multiple Crusoe AI focused data centres co-sited with KALiNA’s near-zero-emissions natural gas-fired power plants using carbon capture and sequestration (Power-CCS)Anticipates Crusoe to own and operate its AI Data Centres contracting for affordable power with KALiNA’s owned and operated Power-CCS plants via power purchase agreements with an investment grade or otherwise credit worthy counterparty of at least 15 years providing KALiNA with stable, long-term cash flow with which to finance each projectAll sites located with access to critical infrastructure – electricity transmission, gas pipelines, fibre optic cables and carbon sequestration hubsParties commit to use reasonable commercial efforts to complete a Project Development Agreement. Each PDA will include an indicative long-term tolling Power Purchase Agreement (PPA) as well as provisions for the funding by Crusoe of certain electrical interconnection and gas supply interconnection security payments for each related project.

CALGARY, Canada, Feb. 12, 2025 /CNW/ — KALiNA Power Limited (ASX: KPO) announces that its wholly owned Canadian subsidiary, KALiNA Distributed Power Limited (“KDP”) has entered into a multi-year Framework Agreement with Crusoe for the joint development of Crusoe’s AI Data Centre Projects co-sited with KDP’s 170 MW near-zero-emissions natural gas power plants using carbon capture and sequestration (“Power-CCS”) in Alberta, Canada (the “Co-Sited Projects”). 

The Framework Agreement supports the establishment of Crusoe’s Data Centre footprint in Alberta in a sustainable and commercially scalable manner by utilizing KDP’s near-zero-emissions power under a contracting arrangement which complies with Alberta’s self-supply requirements.  Each potential co-sited project is to be developed under a separate Project Development Agreement (PDA) between KDP and Crusoe (or their affiliates) as a Crusoe owned and operated AI Data Centre contracting for affordable power with an adjacent, co-sited KALiNA owned and operated Power-CCS plant.  It is anticipated that power will be supplied from each Power-CCS Plant to the adjacent AI focused Data Centre pursuant to a power purchase agreement (PPA) with an investment grade or otherwise credit worthy counterparty of at least 15 years which will provide KALiNA with stable, long-term cash flows with which to finance each Power-CCS project. 

Each of KALiNA’s 170 MW Power-CCS plant represents gross unlevered capex of ~CAD$1 billion which is ~CAD$640 million net of cash rebate incentives.

Each of KDP’s current potential project locations are strategically located sites near electrical transmission, gas pipeline infrastructure, carbon sequestration hubs and fibre optic lines.  The initial three project locations are presently comprised of KDP’s Myers Energy Park, the Alsike Energy Park and the newly secured Crossfield Energy Park location. 

The Framework Agreement commits KDP and Crusoe to use reasonable commercial efforts to complete a Project Development Agreement.  Each PDA will include an indicative long-term tolling PPA as well as provisions for the funding by Crusoe of certain electrical interconnection and gas supply interconnection security payments for each related project.  

Environmental desktop and biophysical studies have been completed at the Myers Energy Park and the Alsike Energy Park and is planned to be completed at the Crossfield Energy Park in 2025.   KDP has already filed self-supply and export System Access Service Requests (SASRs) with the Alberta Electric System Operator (AESO) for all three sites. In addition to the initial three current potential co-sited projects, KDP is continuing to develop the Gilby Power Park, for which site control and environmental desktop and biophysical studies have been completed.  KDP has filed generation only SASR’s for Gilby and a new location in the Clairmont area. The business models for Gilby and Clairmont projects are more applicable to virtual power purchase agreements and/or natural gas tolling contracting arrangements and the terms of the Framework Agreement have accordingly been expanded to include the opportunity for Crusoe to contract for power via Virtual Power Purchase Agreements (“VPPAs”) from KDP power projects which are not co-sited. 

Comments

KALiNA Managing Director Ross MacLachlan said: 

“Our team has worked closely with Crusoe to develop a commercial path forward to keep pace with AI data centre market demand while capitalizing on the unique characteristics of the Alberta market to deliver reliable, affordable natural gas-fired power configured with CO₂ capture and sequestration.  Our negotiations have resulted in a significantly expanded scope that reflects the enormous market opportunity both our companies are seeking to address. This agreement establishes a framework under which up to three projects can be initially developed.  It also provides the potential for additional power plants at all three locations as well as provisions for the parties to jointly develop future prospective sites.  Furthermore, it outlines the potential for Crusoe to contract via virtual power purchase agreements on KDP projects which are not co-sited with Crusoe.

 The Framework Agreement clearly demonstrates a willingness by both parties to capitalise on the pipeline of quality projects that KDP has assembled in Alberta that have all the necessary characteristics and infrastructure to develop multiple co-sited AI data centres powered by our near-zero-emissions natural gas power plants.  Our focus now is to establish project development agreements for each site with an initial focus on the Myers, Alsike and Crossfield projects.” 

– ENDS   –

This announcement was approved and authorised for release by: Ross MacLachlan, CEO.

For further information please contact:

KALiNA Power Limited

Tim Horgan

Executive Director

thorgan@KALiNApower.com

+61 3 9236 2800

+61 449 279 880

Ben Jarvis

Six Degrees Investor Relations

ben.jarvis@sdir.com.au

+61 413 150 448

 

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SOURCE Kalina Power Limited

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Northern Hemisphere Heat Drives Demand for Cooling and Sun-Protection Products on Yiwugo

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YIWU, China, July 24, 2026 /PRNewswire/ — Yiwugo.com, the official website of the Yiwu Commodity Market, is the largest commodity wholesale market in the world. The final whistle may have blown on the World Cup, but the intense heat gripping the Northern Hemisphere shows no sign of letting up. Europe has experienced unusually hot weather this year, sparking not only a surge in demand for air conditioners but also a boom in portable handheld fans. Merchants on Yiwugo say that in previous years, European customers would begin placing orders in March or April and take their time completing their annual procurement. This year, however, the purchasing season has stretched well into summer, with a flood of new buyers coming in, most of them looking for small handheld fans. With customers eager to capitalize on the peak summer season, delivery timelines have also become significantly tighter. Whereas orders in previous years could generally be fulfilled within a month, merchants are now frequently being asked to deliver within about a week, leaving manufacturers scrambling to keep pace with demand.

Lingpan Official Flagship Store has specialized in the production and sales of small fans, insulated cups, and related products for 15 years. This summer, demand from European customers for high-speed small fans has risen sharply, accompanied by urgent delivery requirements. Many customers began requesting shipment just one week after placing their orders, hoping the products would arrive in time for the World Cup and the ongoing heatwave across Europe. One long-standing European customer purchased only five models of small fans from Lingpan last year. Anticipating stronger demand ahead of this summer, the customer expanded the order to 10 models. The first shipment sold out soon after arriving at port, prompting several subsequent repeat orders. European buyers have shown particular interest in high-speed cooling fans and placed great requirements on product quality. So far this year, Lingpan’s fan sales have more than doubled compared with the same period last year, with total purchases reaching approximately RMB 1 million.

Beyond Europe, the owner of Lingpan, Ling Pan pointed out that the Indian market has also undergone significant changes over the past two years. Indian customers are showing great interest in panda-shaped fans, drinking cups, and related products. Procurement volumes among many Indian buyers have increased substantially, with average annual purchases now reaching several hundred thousand yuan.

Unlike European countries grappling with sudden heat waves, Asian markets such as Japan and South Korea, where summers are consistently hot and air conditioners and fans are already everyday essentials, have shown much stronger demand for sun-protection products. From April 1, 2026 to date, sales of sun-protection masks on Yiwugo have increased by 31.6% YoY, while sales of sun-protection face shields surged by 72.42% and sun hats rose by 8.1%.

Chen Jia, a Yiwugo merchant, has engaged in the production and sales of sun-protection masks and sun-protection face shields for eight years. Chen operates the Xiao Zhen and Xiao Mian Sun-Protection Products Workshop in District 4 of the Yiwu International Trade Market. In recent years, the company has customized cooling nylon fabrics for customers in Japan and South Korea. Sun-protection masks and sun-protection face shields made from this material not only offer UPF 50+ protection, but also maintain a more structured shape and are less susceptible to snagging or deformation. Their protective performance remains effective after routine washing, and the products can last for more than five years under normal use.

In 2024, a TV shopping operator from South Korea contacted Xiao Zheng and Xiao Mian through Yiwugo and began placing orders after inspecting the products in person. Over the following two years, the company continued to improve the fitness and design of its sun-protection products. It introduced sun-protection face shields with breathable mesh panels and incorporated soft supports around the nose area to prevent the masks from rubbing against lipstick. These product upgrades have steadily driven up customer ratings on the client’s store. Annual procurement, initially valued at around RMB 300,000, has risen year by year, and the company has since developed into a recognized brand in the local market.

Persistent heat across the Northern Hemisphere has been creating new forms of cross-border consumer demand while enabling Yiwugo merchants to keenly capture shifts in overseas markets. From the strong sales of small portable fans in Europe to the rising demand for functional sun-protection products in Japan and South Korea, the diversity of orders reflects both consumers’ need for relief from extreme heat and the ability of Yiwu manufacturers to strengthen their presence in global markets through product innovation and rapid fulfillment. Faced with a rapidly changing international market, many merchants are continuing to refine product designs, upgrade fabric techniques, and enhance supply efficiency. By leveraging Yiwugo to broaden their export channels, they are keeping pace with overseas consumption trends and capitalizing on the expanding market for cooling and sun-protection products, turning the summer heat into new momentum for cross-border trade.

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SOURCE Yiwugo.com

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Snorkel AI Highlights First Wave of Open Benchmarks Grants Projects

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SAN FRANCISCO, July 24, 2026 /PRNewswire/ — Snorkel AI today highlighted the first group of projects supported through Open Benchmarks Grants, a $3 million commitment to support open-source datasets, benchmarks, and evaluation research.

Launched in February 2026, Open Benchmarks Grants has received hundreds of applications from researchers, labs, and engineers working to address a growing challenge: AI systems are advancing faster than the field’s ability to rigorously measure their performance on realistic, consequential work.

“From complex environments and huge autonomy horizons to rich, sophisticated outputs, these projects tackle some of the field’s hardest evaluation challenges,” said Fred Sala, a member of the Open Benchmarks Grants steering committee and assistant professor at the University of Wisconsin–Madison. “I’m excited to see the broader research community use, validate, and build on them.”

Open Benchmarks Grants provides selected teams with funding, expert data development support, research and engineering collaboration, and platform resources. Supported projects include:

Frontier-Bench (formerly Terminal-Bench 3.0), developed with Laude Institute and the Harbor community, is a harder, more domain-diverse successor to Terminal-Bench 2.1 — built in the open, task by task, under continuous adversarial review.Agents’ Last Exam, developed with UC Berkeley RDI and the RDI Foundation, evaluates agents on long-horizon, economically valuable professional workflows. It spans 55 sub-industries and includes more than 1,500 tasks toward a 5,000-task target, sourced and validated by more than 300 industry experts.OSWorld 2.0, developed with XLANG Lab, evaluates computer-use agents on 108 long-horizon workflows across 31 self-hosted web environments and professional desktop applications.Continual Learning Bench, developed with UC Berkeley SkyLab and the University of Wisconsin–Madison, measures whether agents genuinely improve across sequential, stateful tasks.SlopCode Bench, developed with the University of Wisconsin–Madison, measures how code quality degrades as coding agents repeatedly modify and extend their own solutions.Terminal-Bench 2.1, developed with Stanford University, Laude Institute and the Harbor community, evaluates agents on challenging work in terminal environments. The release corrected 28 tasks and introduced continuous validation.

With support from Open Benchmarks Grants, Terminal-Bench Science is also now in development, extending the Terminal-Bench framework to computational research workflows across the life, physical, earth, and mathematical sciences.

Beyond the grants program, Snorkel led the development of Senior SWE-Bench with the research teams at Princeton University and the University of Wisconsin–Madison. The benchmark evaluates coding agents on senior-level engineering work, including implementing features from realistic instructions, investigating bugs that require runtime analysis, and producing code that follows existing codebase conventions.

Open Benchmarks Grants was established with support from Hugging Face, Prime Intellect, Together AI, Factory, Harbor, and PyTorch. Applications remain open and are reviewed on a rolling basis.

Learn more and apply for a grant at benchmarks.snorkel.ai.

About Snorkel AI
Snorkel AI is the frontier AI data lab, helping teams build the data and environments behind high-performing frontier and agentic AI. We combine technology with research-driven AI data development to create datasets, benchmarks, evals, and custom solutions for real-world AI systems. Founded out of the Stanford AI Lab in 2019, Snorkel works with leading AI labs and enterprises to move from better data to better outcomes. 

media@snorkel.ai

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SOURCE Snorkel AI

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Payzli Vaults to No. 3 on Tampa Bay’s Fast 50, Up From No. 22 in One Year

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Payments technology company, Payzli earns a second consecutive Fast 50 ranking, crediting the climb to accelerating partner and merchant growth on its proprietary technology stack.

TAMPA, Fla., July 24, 2026 /PRNewswire/ — Payzli, the partner-first payments technology company, has been named the No. 3 fastest-growing company in the region on the Tampa Bay Business Journal’s 2026 Fast 50 – a 19-spot climb from its No. 22 debut last year, and the company’s second consecutive year on the list.

The ranking was announced July 23 at the Tampa Bay Business Journal’s Fast 50 event in Tampa, where Co-Founder and Chief Revenue Officer Naim Hamdar accepted the award alongside members of the Payzli team.

Payzli attributed its growth to a compounding effect: a national network of ISOs, agents and ISVs bringing merchants onto a technology platform Payzli built and operated in-house. 

That platform rests on three proprietary pillars:

Payzli Connect: the company’s payment CRM and merchant-and-partner dashboard, giving agents and ISOs daily residuals visibility and giving merchants a single place to run their account.Payzli POS: AI-powered point-of-sale and business software purpose-built for service businesses, including salons, med spas, wellness studios, and independent operators.Payzli Transact: an online payment gateway built on Visa Platform Connect through Payzli’s partnership with Visa Acceptance Solutions.

The Visa Acceptance Solutions partnership is central to how Payzli frames its credibility: rather than assembling a growth story on top of borrowed infrastructure, the company processes on rails backed by one of the most established networks in the industry alongside Fiserv and TSYS – a point that matters to the partners and merchants deciding where to place their volume.

“A second year on this list, and a jump to No. 3, isn’t about one good quarter. It’s about a network deciding to build with us and stay,” said Naim Hamdar, Co-Founder and Chief Revenue Officer of Payzli. “Every rank on this list represents partners we’ve earned and merchants who trust us to run their payments. We built the technology in-house so we could keep the promises the industry usually breaks: nothing hidden, a real person in reach, and daily residual visibility our agents can actually count on. That’s what this ranking measures and it’s why we’re doing it all, for the joy of business.”

“They say nothing in Tampa moves fast except the afternoon thunderstorms, so making the Fast 50 two years running feels pretty good,” said Kapil Pershad, Co-Founder and Chief Technology Officer of Payzli. “In all seriousness, this is a credit to our team and the businesses that trust us to power their growth.”

The Fast 50, produced by the Tampa Bay Business Journal, recognizes the fastest-growing private companies in the Tampa Bay region. Payzli’s return to the list and its move into the top three reflects a merchant-first product suite and a rapidly expanding national partner network across the payments and embedded-finance landscape.

About Payzli

Payzli is an end-to-end payments technology partner that makes accepting payments simpler and affordable for businesses of all sizes and risk levels. Founded in 2020 and headquartered in Tampa, Florida, Payzli brings together in-person processing, an advanced online gateway, AI-powered point of sale, and mobile and contactless payments – backed by its own technology, honest pricing, and dedicated human support. Built partner-first, Payzli equips ISOs, agents, developers, and independent software vendors to grow, with direct integrations to major processing platforms, in-house underwriting, a flexible credit policy, a Visa Acceptance Solutions foundation partnership, and sponsor-bank backing from Esquire Bank, a NASDAQ-listed strategic investor in Payzli. For more information, email partners@payzli.com or visit payzli.com.

Payzli is a registered trademark of United Payment Systems LLC. United Payment Systems LLC is a registered ISO of Esquire Bank (Jericho, NY), Commercial Bank of California (Irvine, CA), and KeyBank, National Association (Cleveland, OH).

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SOURCE Payzli

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