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Platte River Partners with Qcells to Bring Largest Solar Project to Northern Colorado

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Black Hollow Solar will have capacity for 257MW of power for the utility’s service region.

SEVERANCE, Colo., July 11, 2024 /PRNewswire-PRWeb/ — Platte River Power Authority (Platte River) and turnkey solutions partner Qcells USA Corp. (Qcells), broke ground on northern Colorado’s largest solar generation project on July 10.

“Black Hollow Solar represents a major milestone in our journey of working toward our noncarbon energy goals as outlined in the board-approved Resource Diversification Policy,” says Jason Frisbie, Platte River general manager/CEO. “We are proud that Black Hollow Solar, when completed, will bring the total amount of solar capacity in our portfolio to 309 MW, help replace the coal-fired generation we will be shutting down before the end of the decade and is by far the largest solar generation project in northern Colorado.”

The first phase of the project is expected to be complete in May of 2025 and will deliver approximately 367,000 megawatt-hours (MWh) of energy annually to Platte River’s owner communities of Estes Park, Fort Collins, Longmont and Loveland. Phase two of Black Hollow Solar will add an additional 107 MW of capacity in 2026, totaling 257 MW for this project. This is enough to power over 63,000 homes and will increase Platte River’s total solar capacity to 309 MW.

“Colorado is a national leader in low-cost, renewable energy and we remain focused on protecting our air quality and environment while saving people money. This project will help us do that by expanding solar capacity in our state and helping Colorado reach our goal of 100% renewable energy by 2040 while strengthening northern Colorado communities like Severance,” said Governor Jared Polis.

Per the agreement with Platte River, Qcells will provide turnkey solutions including project development, engineering, procurement and constructions services and will supply over 540,000 Qcells modules on the Black Hollow Solar project. The electricity generated will be sold to Platte River beginning in May 2025 under a long-term power purchase agreement.

Energy will be delivered to Platte River’s owner communities in Colorado’s north Front Range through a substation currently under construction, adjacent to Platte River’s existing transmission system.

“Qcells is pleased to have been selected by Platte River to develop and construct this exciting project and solidify our commitment to supporting Colorado’s low carbon energy future,” said IP Kim, Qcells president. “We are proud to provide energy solutions that support a partner like Platte River, promoting good stewardship of the community while also realizing the benefits this project brings as a clean source of sustainable energy for the next 25+ years for northern Colorado communities and to the growth of American energy.”

The site is located northeast of Black Hollow Reservoir, near the Town of Severance, CO and the infrastructure will utilize nearly 1,400 acres. Platte River and Qcells engaged with local authorities and stakeholders, including neighbors, state agencies, town councils and county leaders to identify this site. The location was selected after careful review of physical and environmental impacts, land-use constraints and stakeholder feedback.

As Platte River continues to replace coal-fired resources with renewable energy technology, the addition of Black Hollow Solar along with existing renewable resources will increase Platte River’s total noncarbon energy generation on an annual basis to 58% serving almost 75% of the utility’s four owner communities’ energy needs. Platte River is currently evaluating its next round of renewable energy projects including wind and battery storage to continue the pursuit of the utility’s and its owner communities’ noncarbon energy goals. Learn more about Platte River’s plans for a noncarbon future at prpa.org/future.

Qcells

Qcells USA provides complete utility-scale turnkey solutions through the entire project lifecycle from modules, solar and energy storage project development, and Engineering Procurement and Construction (EPC) services to the US utility-scale market.

With a track record that includes 8.4 GW of sustainably produced module manufacturing capabilities in Georgia and nearly 2.7+ GW of under-construction and developed, constructed, and operating projects, Qcells USA is a dependable partner throughout the entire project lifecycle. Qcells USA is a flagship company of Hanwha Group, a FORTUNE Global 500 firm and a Top 7 business enterprise in South Korea.

For more information, visit qcellsusa.com and on LinkedIn.

Platte River Power Authority

Platte River Power Authority (Platte River) is a not-for-profit, community-owned public power generation and transmission utility that provides safe, reliable, environmentally responsible and financially sustainable energy and services to Estes Park, Fort Collins, Longmont and Loveland, Colorado, for delivery to their distribution utility customers.

Media Contact

Nick Centera, Qcells, 1 619-750-5712, nick.centera@qcells.com, us.qcells.com

Maia Jackson, Platte River Power Authority, 1 970-568-6678, JacksonM@prpa.org, www.prpa.org

LinkedIn

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SOURCE Qcells

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Beyondsoft Showcases Financial AI Solutions for Southeast Asian Markets at Hong Kong FinTech Week 2026

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Company presents financial technology platforms and shares experience in adapting solutions for Southeast Asian markets

HONG KONG, Nov. 3, 2026 /PRNewswire/ — Beyondsoft showcased its financial AI and digital solutions at Hong Kong FinTech Week x StartmeupHK 2026, where the company also shared its experience of adapting fintech capabilities developed in China to the needs of Southeast Asian markets.

The company presented its AI agent platform, mobile application development platform and enterprise digital currency payment collection system. Its team met with financial institutions, technology companies and industry organisations to discuss AI applications, implementation challenges and opportunities for collaboration across the region.

AI and Digital Solutions for Financial Services

Beyondsoft’s AI agent platform combines large language models with industry knowledge bases to support risk management, oversight of funds, automated regulatory reporting and targeted customer engagement. The platform is designed to bring AI into financial workflows and help institutions explore end-to-end automation of core business processes.

Built on Beyondsoft’s proprietary technology, the mobile application development platform supports financial apps across multiple device environments and enables faster updates, helping teams improve development and delivery efficiency.

The enterprise digital currency payment collection system provides payment collection services for financial institutions and corporate clients through a customised software-as-a-service model.

Conversations at the exhibition focused on where financial AI agents could be most useful, how to implement them and how to assess their business value. The team also discussed potential partnerships in mobile financial services and digital payments.

Adapting China’s Fintech Experience to Southeast Asian Markets

As part of the event, Ariel Lin, who leads Beyondsoft’s Innovation Lab and AI Practice, delivered a presentation on adapting China’s financial AI capabilities to Southeast Asian markets.

Drawing on China’s experience in core banking, AI-powered lending at scale and generative AI in production, Lin emphasised that international expansion requires more than exporting products. Technical expertise, experienced people and proven delivery practices are equally important.

Customer expectations, operations and infrastructure vary across Southeast Asia. Technology providers need to adapt their solutions to each market and work with local teams to build the skills needed to maintain and develop them. Technology transfer and knowledge sharing can help local businesses build these capabilities over time.

Addressing Local Regulatory Requirements

The presentation also examined differences in regulatory requirements across Southeast Asia, with examples from Singapore, Malaysia, Indonesia and Thailand. Topics included data protection, biometric identity verification, the fairness and explainability of AI-assisted decisions, and financial data sharing.

For cross-border projects, these requirements need to be considered from the outset. Data use must comply with applicable purpose limitations and consent requirements. Biometric applications require attention to liveness detection and accuracy, while AI-assisted decisions need to address fairness and explainability. Financial data sharing must also comply with local banking secrecy and credit information requirements.

Lin emphasised that compliance needs to be built into solution design and implementation to help financial institutions manage the risks of deploying AI across markets.

Experience in Cross-Border Delivery

Beyondsoft’s work for the overseas branches of a Chinese global bank illustrated the demands of cross-border technology delivery. The projects covered personal and corporate mobile banking, credit card applications, mobile workplace tools and mobile learning platforms.

The work required experience in financial systems development, coordination across platforms and complex project delivery. For institutions operating across borders, individual applications also need to work together, support business continuity and meet regional requirements.

With its International Headquarters in Singapore, Beyondsoft continues to connect technology expertise from China with business needs in Southeast Asia. Drawing on its financial technology experience and global service network, the company will explore AI applications and service models suited to regional markets, working with industry partners to bring AI into financial business processes.

******

About Beyondsoft

Beyondsoft is a global technology services and solutions company helping organisations accelerate digital transformation and turn technology into business value. With more than 30 years of experience and a global talent network of nearly 30,000 professionals, Beyondsoft delivers capabilities spanning AI and data intelligence, cloud and infrastructure, digital platforms, enterprise applications, managed services and localisation capabilities.

With its International Headquarters in Singapore, Beyondsoft supports organisations across Southeast Asia and beyond, combining global technology expertise with local market delivery capabilities. Through its ecosystem of technology partners and industry solutions, Beyondsoft works with organisations of all sizes to adopt emerging technologies, improve operational efficiency and drive sustainable growth.

www.beyondsoft.com

 

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Notice of Data Event

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EAST LONGMEADOW, Mass., Nov. 2, 2026 /PRNewswire/ — Magnolia Management Company, LLC (“Magnolia”) is providing notice of a recent data privacy event that may have affected limited protected health information for certain individuals. On April 3, 2026, Magnolia became aware of unauthorized activity in one employee email account. Upon discovery, Magnolia took immediate action to secure its email environment and investigate the scope of the event, including hiring a third-party forensic investigation firm. Following a thorough review, Magnolia confirmed that a limited amount of information may have been accessed by an unauthorized individual. Magnolia undertook a comprehensive review of the impacted data to identify what type of information was contained therein, and to whom that information belonged. On August 10, 2026, that review was completed.

In response to this event, Magnolia also implemented additional technical safeguards to further enhance the security of information in its possession and with the aim of preventing similar events from happening in the future. While there is no evidence of actual or attempted misuse of any information as a result of this event, Magnolia will be providing impacted individuals with access to complimentary credit monitoring and identity protection services.

Magnolia takes the confidentiality of information in its care very seriously and regrets any inconvenience or concern caused by this event. If you have any questions, please call our dedicated assistance line at 833-918-4065, Monday – Friday, 8 am – 8 pm CT, excluding major U.S. holidays.

Individuals are encouraged to remain vigilant against events of identity theft by reviewing credit reports, account statements, and explanation of benefits forms for suspicious activity and to detect errors.

Individuals may place a fraud alert or credit freeze by contacting the credit reporting agencies: TransUnion 1-800-680-7289, P.O. Box 2000 Chester, PA 19016, transunion.com; Experian 1-888-397-3742, P.O. Box 9554 Allen, TX 75013, experian.com; Equifax 1-888-298-0045, P.O. Box 105069 Atlanta, GA 30348, equifax.com.

Individuals can further educate themselves regarding identity theft, fraud alerts, credit freezes, and steps to protect their personal information by contacting the credit reporting bureaus, the Federal Trade Commission, or their state attorney general. The FTC may be reached at 600 Pennsylvania Ave. NW, Washington, D.C. 20580; www.identitytheft.gov; 1-877-ID-THEFT (1- 877-438-4338); and TTY: 1-866-653-4261. Instances of known or suspected identity theft should also be reported to law enforcement, your state attorney general, and the FTC.

View original content:https://www.prnewswire.com/news-releases/notice-of-data-event-302927076.html

SOURCE Magnolia Management Company, LLC

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Arrowpoint Investment Partners Selects Arcesium to Scale Asia-Focused Multi-Strategy Platform

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Asia-focused multi-strategy investment firm uses Arcesium’s Opterra™ investment lifecycle management platform to efficiently scale complex multi-manager, multi-asset strategies  

SINGAPORE, Nov. 3, 2026 /PRNewswire/ — Arrowpoint Investment Partners (“Arrowpoint”), an investment firm building an Asia-focused, multi-strategy platform, today announced that it has partnered with Arcesium, a leading global financial technology provider to the investment industry. Arrowpoint is leveraging Arcesium’s intelligent data management and operational platform, Opterra, along with its industry expertise and managed services, to scale its sophisticated, multi-asset investment strategies. Equipped with industry-leading technology, Arrowpoint is able to onboard new managers quickly and drive competitive edge across multiple asset classes and investment strategies as the platform scales.

“Using Arcesium’s technology and operational platform enables us to achieve efficient and scalable growth through our Asia-focused strategy,” said Woon Young Jeong, Chief Operating Officer of Arrowpoint. “The company’s pedigree of working with large multi-strategy firms, its managed services’ global coverage, and its intelligent technology made it the right partner to support our goals. Arcesium’s deep capabilities within the hedge fund ecosystem mean our portfolio managers can quickly deploy and scale new strategies, supported by operational infrastructure capable of matching our growth ambitions.”

Founded in 2024 by a former Millennium Asia co-CEO, the Singapore-headquartered firm manages $2 billion in funds, has a presence in Hong Kong and Dubai, and oversees 24 portfolio managers across Asia and the Middle East. As Arrowpoint grows and manages investment activity across multiple asset classes, the firm’s priority was to find an agile technology partner that meets rapid workflows and processes, while harmonizing large volumes of data.

Chris Barrow, Head of Revenue for EMEA & APAC at Arcesium, commented on the announcement: “We are delighted to partner with Arrowpoint as one of the most sophisticated and high-profile launches we’ve seen in Asia. Since opening the Arcesium office in Hong Kong earlier this year and expanding our presence in the region, we are quickly gaining momentum with other hedge funds and asset managers and are tapping into the vibrant market interest in Hong Kong and Singapore. Partnering with such a high-caliber client like Arrowpoint is a key milestone and we look forward to enabling the firm to scale in new directions with the support of our technology and managed services.”

Arcesium’s Opterra is a front-to-back investment lifecycle management platform that fits the unique operating environments of hedge funds, enabling optimized capital efficiency, increased productivity, and reduced operational risk. This partnership underscores Arcesium’s continued momentum in the APAC region as more firms look to modernize their technology infrastructure and scale with confidence.

ENDS

About Arcesium:

Arcesium© is a global financial technology company delivering front-to-back technology solutions for some of the world’s most sophisticated financial institutions, including hedge funds, asset managers, private markets, sell side, and digital assets firms. Expertly designed to achieve a synchronized golden source of data throughout a client’s ecosystem, Arcesium’s cloud-native technology is built to systematize the most complex workflows and help clients achieve scale.

Today, Arcesium services over $6.7T in gross AUM and over $1.2T in sell-side capital balances and has modelled over 178 million investments to date. Arcesium was built from a platform developed and tested by investment and technology development firm, the D. E. Shaw group, and launched as a joint venture with Blackstone Multi-Asset Investing. J.P. Morgan, another large client, later made a strategic investment in the company, helping Arcesium further its mission: to power the entire investment lifecycle. Arcesium currently has a staff of over 2,600 software engineering, accounting, operations, and treasury professionals.

For more information about Arcesium and its capabilities, visit www.arcesium.com and follow the firm on LinkedIn.

 
About Arrowpoint Investment Partners:

Arrowpoint is an investment firm building a differentiated Asia-focused, multi-strategy platform. Learn more at https://arrowpointfund.com/

Arcesium Media Contact:

Ivy Gitarts
Aspectus Group
Ivy.Gitarts@aspectusgroup.com
 

Arrowpoint Investment Partners Media Contact:
media@arrowpointfund.com

 

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SOURCE Arcesium

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