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Swift Current Energy Announces Energization of Landmark 800 MW Solar Facility in Illinois with American-Made Equipment

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Substantial Scale: Double Black Diamond Solar is the largest operating solar facility in Illinois and east of the Mississippi RiverStrong Local Customers: City of Chicago and seven other customers are now sourcing power through Constellation from Double Black Diamond Solar, advancing their energy goals with affordable, emissions-free powerDomestic Content and American Jobs: From module manufacturing to installation, thousands of American workers supported and benefitted from the project’s construction, underscoring the now robust domestic solar industryLocal Economic Impacts: Sangamon and Morgan Counties are set to receive ~$100 million in revenue over the life of the project

SPRINGFIELD, Ill., April 30, 2025 /PRNewswire/ — Swift Current Energy (Swift Current) today announced that its landmark 800 MWdc (593 MWac) Double Black Diamond Solar project is now operating. The new solar facility, located 30 miles west of Springfield, IL, is the largest operating solar facility east of the Mississippi and provides a major source of new energy capacity in the state.

To celebrate the project’s completion, local leaders, project landowners, and customers joined Swift Current Energy today for a ribbon-cutting ceremony at the project site. Chicago Mayor Brandon Johnson, Sangamon County Board Chair Andy Van Meter, Constellation Executive Vice President Kathleen L. Barrón, and Swift Current Energy CEO Eric Lammers, President Matt Birchby, and Chief Development Officer William Kelsey provided official remarks on the project.

Eric Lammers, CEO and Co-Founder of Swift Current, said, “Electricity demand in the U.S. is accelerating with new manufacturing load and tech needs. Our Double Black Diamond Solar facility is an example of how we are utilizing U.S.-manufacturers and American workers to provide the energy needed to charge our country’s growth now. We thank our customers in collaboration with Constellation for their commitment to this project. We especially thank Sangamon and Morgan Counties for welcoming us into their communities during development and construction. We will continue to honor our commitments as we operate Double Black Diamond.”

Neil Doherty, Executive Director, Infrastructure at IFM Investors, added, “We are delighted to sponsor the Double Black Diamond solar project and demonstrate the benefits that long term private capital can bring when partnering with a major American City like Chicago. We are proud to support this project which will deliver tangible economic benefits for the local community, and has supported manufacturing and construction jobs for American workers.”

The City of Chicago is one of the largest cities in the U.S. to source 100 percent of the power for its operations from renewable energy. About 70 percent of Chicago’s power that is used for its facilities – including O’Hare and Midway airports – is sourced from Swift Current’s Double Black Diamond Solar project. Additionally, Cook County, CVS Health, Loyola University Chicago, PPG, State Farm, and TransUnion are sourcing power from the project via Constellation NewEnergy, Inc.

Chicago Mayor Brandon Johnson said, “This project is a powerful example of why we believe in the green economy. Double Black Diamond Solar is union-made, clean energy that will make our city cleaner and more energy efficient. Projects like this are about our commitment to environmental justice, but they are also about good jobs and affordability for the working people of our city. We intend to build upon this critical milestone and continue to increase the adoption of clean energy in our city, improving the lives of our residents through new job opportunities in the green economy and reduced emissions. We are happy to partner with Swift Current Energy and Constellation to make progress toward a healthier, greener Chicago.”

Kathleen Barrón, Executive Vice President and Chief Strategy Officer, Constellation, said, “Double Black Diamond demonstrates what’s possible when we bring customers and clean energy solutions together. We were proud to work closely with the City of Chicago and other customers to help bring this new capacity to life. Efforts like this aren’t just about reducing emissions – they also drive local investment, support American manufacturing, and help communities realize the full value of clean energy while advancing their sustainability goals.”

Swift Current utilized the robust domestic solar manufacturing supply chain to source most of the components for Double Black Diamond Solar, adding to the national and regional benefits of the project. A majority of the project’s 1.6 million solar modules were manufactured by First Solar in Ohio, and the racking was supplied by U.S.-based Nextracker, with a portion of key components manufactured locally in Chicago using 100% US-made steel. During construction, Double Black Diamond Solar created approximately 500 jobs and reached commercial operation with more than 1 million safe person-hours. The project also successfully met the Illinois Clean and Equitable Jobs Act’s (CEJA) labor and diverse hiring standards for renewable energy development, helping bring employment opportunities to a wider range of Illinoisians. St. Louis-based McCarthy Building Companies, Inc. served as engineering, procurement, and construction provider for the project.

Swift Current Energy started the greenfield development of Double Black Diamond Solar in 2018. The facility began producing power in 2024 and today the facility is the largest solar project east of the Mississippi River, producing enough power for the equivalent of 100,000 homes annually. 

Over the life of the project, Double Black Diamond Solar is anticipated to provide substantial tax revenue to the local project counties, Sangamon and Morgan counties, in central Illinois. Additionally, Swift Current will provide $10 million in community benefits funds to the Sangamon Growth Alliance, Auburn School District, City of Chicago, and Cook County.

Andy Van Meter, Chair, Sangamon County Board, said, “The Double Black Diamond Solar project brings significant financial benefits to Sangamon County. It’s expected to generate $100 million in local tax revenue over its lifetime, with more than 60% directed to our public schools. The remaining revenue will strengthen essential services, including  public safety, infrastructure, and community programs that support the needs of families throughout our County. We are thankful to Swift Current Energy, whose efforts will deliver tangible benefits for our residents.”

Swift Current is the long-term owner and operator of the project and has previously announced that tax equity for the project was provided by Google, and construction financing for the project was provided by Mitsubishi UFJ Financial Group (MUFG), Societe Generale, Truist, and eight other leading lenders.

About Swift Current Energy
Swift Current Energy is trailblazing a path for clean energy now. Founded in 2016, the company develops, owns and operates highly competitive, utility-scale wind, solar and energy storage projects across the United States. Swift Current Energy is majority-owned by funds managed by IFM Investors and Lookout Ridge Energy Partners. For more information, please visit swiftcurrentenergy.com

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SOURCE Swift Current Energy

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Bloomberg Introduces Spread-to-Benchmark Quoting for EUR and GBP Portfolio Trading Baskets

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LONDON, June 2, 2026 /PRNewswire/ — Bloomberg today announced the launch of Spread-to-Benchmark quoting and trading for Euro (EUR) and Sterling (GBP) denominated portfolio trades through its Portfolio Trading Basket Builder (PTBB). The new functionality expands the range of quoting protocols available for European credit portfolio trading and reflects growing client demand for spread-based execution workflows, alongside increased dealer support for the convention across EUR and GBP markets.

Spread-to-Benchmark quoting is a well-established protocol for USD credit portfolio trades and is used by market participants to evaluate and execute portfolio trades. By extending this workflow to EUR and GBP portfolio trades, Bloomberg enables clients and dealers to transact using a familiar spread-based methodology across additional credit markets. 

The introduction of Spread-to-Benchmark quoting for EUR and GBP baskets reflects increased client interest in evaluating portfolio trades through a spread-based lens and the growing adoption of spread-based execution workflows in European credit markets. The workflow provides market participants with an additional framework for assessing the relationship between credit spread risk and underlying government bond yields when pricing and executing portfolio trades. 

Additional Workflow Flexibility 
The workflow complements Bloomberg’s existing portfolio trading capabilities, which support the full range of market-standard quoting conventions, including Price, Yield, Spread-to-Benchmark and Spread based workflows that reference Bloomberg’s evaluated pricing service (BVAL). This gives clients flexibility to compare and execute portfolio trades using the quoting methodology that best aligns with their investment objectives, execution preferences and internal risk management processes. 

“European credit clients continue to look for execution workflows that reflect how they evaluate risk and monitor portfolio trading outcomes,” said Harry Street, Global Head of Credit and Equities Trading Product at Bloomberg. “By expanding dealer support for Spread-to-Benchmark quoting for EUR and GBP baskets, Bloomberg is broadening the range of workflow options available to clients trading European credit portfolios.” 

“Portfolio trading workflows in fixed income continue to become more sophisticated as institutional investors look for ways to evaluate execution quality in changing market conditions,” said Kevin McPartland, Head of Market Structure & Technology Research at Crisil Coalition Greenwich. “Spread-based quoting helps market participants more clearly distinguish between the impacts of credit spread and underlying rates movements when determining how best to execute a portfolio trade.” 

Bloomberg’s Electronic Markets solutions are used by leading financial institutions to trade efficiently in over 175 markets around the world. More than 9,000 client firms use Bloomberg Electronic Markets to access industry-leading depth and breadth of liquidity across asset classes from over 800 dealers globally. Bloomberg Electronic Markets provides market participants with comprehensive solutions across the trading lifecycle, including robust price transparency, analytics, automation and execution, powered by Bloomberg’s high-quality, multi-asset class data and tools.

About Bloomberg
Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration. For more information, visit Bloomberg.com/company or request a demo.

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SOURCE Bloomberg L.P.

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Dr. Sunho Kang, a senior battery-technology executive with leadership experience at major global battery and EV manufacturers, joins TeraWatt Technology as Head of Product and Technology

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SAN FRANCISCO, June 2, 2026 /PRNewswire/ — TeraWatt Technology Inc. (Headquartered in California, USA) is pleased to announce that Dr. Sunho Kang has joined the company as Head of Product and Technology.

Dr. Kang is a globally recognized battery-technology executive with more than 25 years of leadership experience spanning the United States, Asia, and Europe, and a distinguished track record of advancing innovations from laboratory research through gigafactory-scale production. He has held senior executive positions at world-leading organizations including Samsung SDI, Apple, and Volkswagen Group of America, and brings deep expertise in lithium-ion battery materials, cell engineering, and product industrialization across a broad range of applications, including electric vehicles and energy storage systems.

At TeraWatt, Dr. Kang will lead global product development and the commercialization of TeraWatt’s battery technology platform, aiming to accelerate the delivery of TeraWatt’s competitive products as well as the technology and commercialization roadmap including manufacturing scale-up.

Dr. Kang commented:

“I am thrilled to join TeraWatt Technology as Head of Product and Technology. TeraWatt’s innovative battery platform presents a tremendous opportunity to push the boundaries of lithium-ion technology, and I look forward to working with the team to accelerate product development and commercialization to deliver meaningful impact.”

TeraWatt Technology founder CEO Ken Ogata, Ph.D. commented:

“We are thrilled to welcome Dr. Kang as our Head of Product and Technology. His deep expertise in battery materials, cell engineering, and productization will be instrumental in accelerating TeraWatt’s product roadmap and technology leadership. Together with Dr. Kang, we will continue to drive our mission forward.”

About TeraWatt Technology Inc.
TeraWatt Technology Inc. is a California-based company that produces lightweight, high-power, and safe next-generation lithium-ion batteries.

Company Overview
Name: TeraWatt Technology Inc.
Representative: Co-founder and CEO Ken Ogata
Headquarters: 28 Geary St, Suite 650, San Francisco, CA 94108, United States
Founded: January 2020
Established: December 2019
URL: https://www.terawatt-technology.com/

 

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SOURCE TeraWatt Technology Inc.

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Tencent Cloud and Soniox Announce Strategic Partnership: Combining Advanced Speech-to-Text (STT) Technology with Global Real-Time Infrastructure

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HONG KONG, June 2, 2026 /PRNewswire/ — Tencent Cloud, the cloud business of global technology company Tencent, today announced a strategic partnership with Soniox, a San Francisco-based speech AI company that specializes in developing high-accuracy, low-latency speech AI solutions. The collaboration integrates Soniox’s speech-to-text (STT) technology with Tencent Cloud’s Real-Time Communication (TRTC) enterprise-grade global infrastructure, enabling enterprises to build and deploy multilingual voice AI applications across 200+ countries and regions.

Elevating Enterprise Voice AI at a Global Scale

In enterprise voice AI deployments, latency directly affects user experience and application reliability. The integration of Soniox’s high-accuracy, low-latency STT with TRTC’s global transmission infrastructure reduces latency across the entire pipeline, creating a comprehensive end-to-end solution for enterprises deploying conversational AI applications worldwide.    

Soniox is the voice platform for every language. Unlike legacy speech AI, which was built primarily for English-speakers, Soniox delivers native-speaker accuracy across 60+ languages. Its technology can handle mid-sentence language switching — a user can switch between English and Chinese in a single utterance, and Soniox will capture every word with complete accuracy. All of this works through a single API that works for both speech-to-text and text-to-speech.

By integrating TRTC, the partnership leverages an enterprise-grade real-time communication backbone featuring more than 3,200 global nodes, sub-300 ms worldwide latency, and advanced capabilities such as AI noise suppression and weak-network resilience. These capabilities enable conversational AI applications to operate reliably across diverse network environments, including regions such as Southeast Asia and Africa.

With the roll out of this partnership, developers can integrate the Soniox STT API directly within the Tencent Cloud console. Whether targeting English-speaking markets or supporting languages such as Arabic, Hindi, and Malay, enterprises can build global voice applications — including intelligent customer service, voice assistants, real-time translation, and meeting transcription — to address the demands of expansion into emerging markets and multilingual scenarios.

Wison Xie, Head of Product at Tencent RTC, stated: “Tencent RTC has always been committed to providing reliable real-time communication infrastructure for global enterprises. Our partnership with Soniox brings together our strengths in enterprise-grade audio transmission and Soniox’s advanced speech recognition technology. Together, we are making it easier for businesses to deploy accurate, low-latency voice AI applications across any language and any market.”

Klemen Simonic, CEO at Soniox Inc., stated “At Soniox, our mission is to help businesses understand every word, in any language, with native speaker accuracy and exceptional speed. Partnering with Tencent Cloud combines our speech AI with world-class real-time infrastructure, enabling enterprises to build voice AI experiences that scale globally with low latency and reliability.”

About Tencent Cloud:

Tencent Cloud, one of the world’s leading cloud companies, is committed to creating innovative solutions to resolve real-world issues and enabling digital transformation for smart industries. Through our extensive global infrastructure, Tencent Cloud provides businesses across the globe with stable and secure industry-leading cloud products and services, leveraging technological advancements such as cloud computing, Big Data analytics, AI, IoT, and network security. It is our constant mission to meet the needs of industries across the board, including the fields of gaming, media and entertainment, finance, healthcare, property, retail, travel, and transportation.

About Tencent RTC:

Tencent RTC provides real-time communication solutions, including audio/video calling, live streaming, and in-game voice. With enterprise-grade security, AI-powered enhancements, and a global network of over 3,200 nodes, Tencent RTC powers mission-critical communication for customers worldwide.

About Soniox:

Soniox is a next-generation voice AI company bringing about the end of English-first speech AI. Most people on the planet did not grow up speaking English and often mix languages mid-sentence; and yet legacy speech AI was built for just English. Soniox is different: native-speaker accuracy across 60+ languages, true mid-sentence language switching, and flawless alphanumeric recognition that legacy providers still can’t match. For developers building global apps, Soniox is the only option. Try it for yourself at soniox.com.

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SOURCE Tencent Cloud

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