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FranklinWH Home Battery Systems Meet Federal Requirements for Energy Storage Tax Credits

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Independent consultations with four leading law firms establish FranklinWH products qualify for federal clean energy tax credits

SAN JOSE, Calif., June 17, 2026 /PRNewswire/ — FranklinWH announced that independent legal consultations support the eligibility of its aPower 2 and aPower S residential battery systems for federal clean energy tax credits under Foreign Entity of Concern, or FEOC, rules established by the One Big Beautiful Bill Act. This follows consultations with four law firms ranked by Chambers and Legal 500 for expertise in tax, corporate governance and regulatory compliance. The legal consultations support FranklinWH’s ongoing commitment to tax credit eligibility for installers, developers and financing partners deploying its systems across the United States.

FranklinWH engaged Cleary Gottlieb Steen and Hamilton, Norton Rose Fulbright, Sidley Austin and Hogan Lovells for legal consultations on different aspects of OBBBA compliance, covering criteria including FranklinWH’s corporate structure, supply agreements, intellectual property, effective controls, among others, to help confirm that FranklinWH’s U.S. manufacturing and sales entities fall outside the prohibited foreign entity definition established by the OBBBA.

Section 48E investment tax credits are claimed at the project level, and eligibility depends in part on whether deployed systems meet FEOC requirements. As those requirements tighten on an annual schedule through the end of the decade, the compliance status of installed products is an important factor in project economics.

FranklinWH has been aligning its corporate governance and operations with federal compliance requirements as the FEOC framework has developed.

“FranklinWH is built for the long term, and so is our commitment to the U.S. market. This announcement reflects the kind of company we set out to build from day one, and we are proud to keep showing up for our partners and the homeowners we serve,” said Gary Lam, CEO and co-founder of FranklinWH.

The FEOC provisions restrict federal incentive eligibility for products and companies with certain foreign ownership or supply-chain ties. FranklinWH said its products meet applicable thresholds for 2026 and 2027.

“Trust with our partners matters to us, and one way we build that trust is by being transparent,” said Vincent Ambrose, Chief Commercial Officer of FranklinWH. “Financing partners and their legal teams are welcome to review our compliance information, and we will continue to keep it current as the rules around this continue to take shape.”

FranklinWH is now moving forward with market adoption of its aPower 2 and aPower S systems under its FEOC compliance framework, available through authorized installation partners. The systems scale from 15 to 225 kilowatt-hours and are deployed in homes across the United States, providing whole-home backup power and energy resilience while operating in more than 25 utility-managed virtual power plant (VPP) programs.

Eligible product configurations and additional information about FranklinWH’s FEOC compliance framework are available at franklinwh.com.

About FranklinWH

FranklinWH Energy Storage is the manufacturer of the FranklinWH System, a next-generation home energy management and storage solution. Headquartered in the San Francisco Bay Area, FranklinWH’s team brings decades of experience across energy system design, manufacturing, sales and installation. The company is AVL-listed with multiple financial institutions and continues to empower homeowners to achieve true energy freedom. Learn more at franklinwh.com.

Media Contact: media@franklinwh.com

View original content:https://www.prnewswire.com/news-releases/franklinwh-home-battery-systems-meet-federal-requirements-for-energy-storage-tax-credits-302802987.html

SOURCE FranklinWH Energy Storage Inc.

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Philippine Seven Corporation Selects RELEX to Improve Forecasting

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 7-Eleven Philippines becomes the latest retailer to join RELEX’s global customer network

MANDALUYONG CITY, Philippines, Sept. 14, 2026 /PRNewswire/ — Philippine Seven Corporation (PSC), the exclusive operator of 7-Eleven convenience stores in the Philippines, is now utilizing forecasting and replenishment from RELEX Solutions, provider of unified supply chain and retail planning solutions, to transform planning across its 27 distribution centers (DCs). The implementation, delivered in partnership with genieX, has combined RELEX’s world-class technology with genieX‘s business consultancy, project management, and local market expertise to optimize PSC’s end-to-end supply chain.

7-Eleven is the world’s largest convenience store chain, with over 83,000 outlets in 17 countries. In the Philippines, PSC oversees all 7-Eleven operations nationwide. By implementing RELEX’s forecasting and replenishment capabilities, PSC will replace its spreadsheet-based processes with automated, data-driven planning to improve supplier collaboration, increase fill rates, and upgrade operational efficiency.

“For over four decades, PSC has worked to make 7-Eleven a trusted part of everyday life for Filipinos,” said Victor Paterno, Chair of Philippine Seven Corporation. “As we continue to expand and digitalize, partnering with RELEX and genieX enables us to strengthen our supply chain foundation and plan more effectively for the future.”

RELEX and genieX will work closely with PSC to ensure a smooth implementation and continuous support throughout the project.

“7-Eleven is one of the most recognizable brands in the Philippines,” said Mahesh Gopinath, Chief Operating Officer at genieX. “We’re proud to support PSC in implementing RELEX’s advanced forecasting and replenishment solution. Together, we’ll help drive efficiency, accuracy, and resilience across their supply chain.”

The RELEX forecasting and replenishment capabilities enable more accurate and agile demand planning by leveraging multiple data sources while accounting for seasonality and local fluctuations. In addition, RELEX provides DC-level visibility and precise replenishment recommendations, helping retailers, like PSC, reduce manual work, optimize inventory, and improve service levels.

“We’re delighted to welcome Philippine Seven Corporation to the RELEX customer community,” said Rod Talbot, Vice President of Sales, APAC at RELEX Solutions. “We look forward to helping PSC achieve similar results across the dynamic and diverse Philippine market.”

About Philippine Seven Corporation

Philippine Seven Corporation (PSC) is the exclusive licensee, developer, and operator of 7-Eleven stores in the Philippines. Founded in 1982, the company revolutionized the local retail landscape by introducing the modern convenience store concept to the country.

About RELEX Solutions

RELEX Solutions delivers a unified supply chain planning platform for retailers and manufacturers, enabled by proven AI technology. We help companies optimize demand forecasting, replenishment, merchandising, pricing and promotions, supply chain operations, and production planning across the end-to-end value chain. Brands like ADUSA, AutoZone, Coles, Circle K, Dollar Tree and Family Dollar, Ford South America, M&S Food, PetSmart, Rituals, The Home Depot, Systemair and Vita Coco trust RELEX to increase product availability, boost sales, deliver actionable insights, improve sustainability, and drive profitable growth.

Learn more at: https://www.relexsolutions.com/customers/

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SOURCE RELEX Solutions

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Shanghai Electric Secures First Overseas Heavy-Duty Gas Turbine Order for 500 MW Malaysian Project

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SHANGHAI, Sept. 14, 2026 /PRNewswire/ — Shanghai Electric (SEHK: 02727, SSE: 601727) has achieved a milestone in the high-end overseas energy sector by securing the contract for Unit 3 of the Sarawak Samalaju Combined Cycle Gas Turbine (CCGT) Project in Malaysia. The win represents significant international recognition of Shanghai Electric’s heavy-duty gas turbine technology, underscoring the company’s growing competitiveness in the global gas turbine market.

Under the agreement, Shanghai Electric will deliver a full EPC turnkey solution for the gas-fired power plant, coupled with a 25-year long-term service agreement (LTSA) covering all major equipment. Notably, every core component—from gas turbines and steam turbines to generators, heat recovery steam generators, and air-cooled systems—will be manufactured in-house by Shanghai Electric, which will also serve as the sole provider of the long-term maintenance and service program. This integrated, end-to-end capability gives Shanghai Electric full life-cycle coverage, spanning equipment manufacturing, systems integration, and multi-decade operational support—a vertical model that brings the company on par with the established global leaders in the heavy-duty gas turbine sector.

Shanghai Electric’s current heavy-duty gas turbine lineup features two principal models, with output ratings of 300 MW and 78 MW, respectively. To date, the company has delivered 103 units, with total installed capacity from commissioned projects exceeding 21,000 MW. The units covered by Shanghai Electric’s long-term service and maintenance programs have accumulated more than 1.3 million operating hours. With robust production capacity available across both turbine classes, Shanghai Electric is positioned to offer new units for delivery as early as 2028. Beyond the Malaysian energy developer that awarded the current contract, project developers in Indonesia, Thailand, the Philippines, and Vietnam have also expressed strong interest in placing orders.

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/shanghai-electric-secures-first-overseas-heavy-duty-gas-turbine-order-for-500-mw-malaysian-project-302876170.html

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Auria Announces Partnership and Contract with Mitsubishi Electric to Advance Next-Generation SATCOM Mission and Resource Management

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COLORADO SPRINGS, Colo., Sept. 14, 2026 /PRNewswire/ — Auria, a leading provider of advanced space, missile, and cyber solutions, today announced a partnership and contract with Mitsubishi Electric Corporation to deliver next-generation satellite communications capabilities through Auria’s advanced Kythera Operating System mission and resource management and optimization software.

Through the partnership, Auria will provide software to dynamically and autonomously manage, optimize, and orchestrate payload and network resources for Mitsubishi Electric’s next-generation, software-defined SATCOM satellites. The effort will leverage Auria’s Kythera Operating System (KOS), part of Auria’s HeliOS product line, to enable autonomous satellite service provisioning, real-time resource optimization, orchestration of space and ground assets, and adaptive mission operations in response to changing demand, operating conditions, and interference events.

“Mitsubishi Electric has a long history of advancing space technology, and we are proud to empower their innovation in dynamic, autonomous satellite communications,” said Damian DiPippa, CEO at Auria. “By combining Mitsubishi Electric’s advanced software-defined satellite hardware with Auria’s software for dynamic resource management and mission optimization, we are enabling Mitsubishi Electric customers to leverage higher capacity and more flexible, resilient, responsive, and efficient SATCOM services.”

Auria will also provide its KOS Interference Manager module, a HeliOS capability that dynamically detects, geolocates, and mitigates signal interference. Together, these capabilities help satellite operators maintain high-quality, resilient service while adapting to changing operating conditions and mission needs.

The partnership with Mitsubishi Electric reflects Auria’s growing role in delivering intelligent software systems for complex space operations. Auria’s HeliOS platform is designed to serve as a software mission segment system for advanced SATCOM architectures, providing the Space Brain® needed to autonomously provision service, optimize resources, and support resilient communications across dynamic operating environments.

“This partnership is about marrying Mitsubishi Electric’s advanced satellite systems with the intelligent software needed to manage and optimize them,” said Andy Musliner, SVP Growth at Auria. “As SATCOM architectures become more capable and complex, satellite manufacturers and their operator customers need systems that can adapt on the fly, manage resources autonomously, and mitigate interference in real time. That is exactly where Auria’s HeliOS product line and its Kythera Operating System deliver value.”

Mitsubishi Electric has been a pioneer in Japanese space technology since the 1960s and has contributed to a broad range of satellite programs and space systems. This partnership underscores the importance of software-defined, autonomous mission management as satellite communications systems continue to evolve.

About Auria

Auria Space delivers technology solutions for next-generation space, satellite, and mission systems. The company’s mission is to simplify and modernize command, control, and communications (C3) to unify space and ground operations, deliver resilient connectivity from orbit to the tactical edge, and automate secure mission intelligence. Combining commercial off-the-shelf technologies with mission-focused engineering, Auria helps government and commercial customers accelerate deployment, reduce lifecycle costs, increase agility, and securely integrate satellite constellations, ground networks, and edge systems amid rapidly evolving threats and mission demands.

About Mitsubishi Electric Corporation

Guided by its corporate philosophy, Mitsubishi Electric Corporation (TOKYO: 6503) places sustainability at the core of its operations and values stakeholder trust—encompassing society, customers, shareholders and employees. In pursuing profitability, capital efficiency and growth, Mitsubishi Electric works closely alongside customers to develop value-added solutions that address today’s complex challenges while enhancing the company’s sustainable corporate value. Founded in 1921, Mitsubishi Electric has over a century of experience in delivering reliable, high-quality products and solutions. With over 200 group companies and approximately 150,000 employees worldwide, the company is a recognized global leader in manufacturing, marketing and selling electrical and electronic equipment and systems across a broad range of sectors, including public utility systems, energy systems, defense and space systems, factory automation systems, automotive equipment, building systems, air conditioning systems & home products, digital innovations, and semiconductor & devices. Mitsubishi Electric recorded consolidated revenue of 5,894.7 billion yen (U.S.$ 36.8 billion*) in the fiscal year that ended on March 31, 2026. For more information, please visit www.MitsubishiElectric.com

*JPY 160=USD 1, the approximate rate on the Tokyo Foreign Exchange Market on March 31, 2026

CONTACT: Dan Palumbo
Dan@vrge.us

View original content:https://www.prnewswire.com/apac/news-releases/auria-announces-partnership-and-contract-with-mitsubishi-electric-to-advance-next-generation-satcom-mission-and-resource-management-302876578.html

SOURCE Auria Space

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