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TRANSFORMING THE ELECTRICAL GRID STARTS WITH RESEARCHER’S ‘BUILDING BLOCKS’

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MILWAUKEE, Jan. 29, 2025 /PRNewswire/ — Electrical outages have become a common occurrence around the globe. With a rise in extreme weather, an ever-growing demand for energy, and an aging electrical grid, Robert Cuzner believes it’s only going to get worse.

Cuzner, a professor of electrical engineering at the University of WisconsinMilwaukee (UWM), has noticed the trend in Southeast Wisconsin, where Microsoft Corporation is building a data center that will soon be largest individual consumer of electricity in Wisconsin. As for the more garden variety of outages, Cuzner said, the future looks just as worrisome. “In the last year, I’ve kept track at my home, and I’ve been without power for at least 100 hours,” he said.

How can the U.S. fix its infrastructure and boost reliability without starting from scratch?

The answer, Cuzner said, is microgrid technology. Microgrids are power sources for a limited area, such as a military base. They integrate different kinds of energy, such as diesel generators, solar cells, wind turbines, fuel cells and battery banks, whether connected to the main grid or operating as an “island,” serving as backup power for the immediate vicinity it serves.

Cuzner views microgrids as pathways to transform the old grid into an automated modern system. Because of microgrids’ systemwide communication – the components “talk” to each other – they are much quicker at detecting defects before they lead to a blackout.

However, because microgrids are smart, they are complex, making them expensive to operate. Cuzner has pioneered an idea that would clear the way to for microgrids to thrive commercially. He proposes breaking them down into “building blocks,” or smaller units of microgrid components, called nanogrids.

The background on microgrids

One reason microgrids aren’t widely used yet involves equipment compatibility, Cuzner said.

“You’re trying to merge the old infrastructure with the new equipment of the microgrid, where no uniform standards exist,” Cuzner said.

Finding the equipment needed to integrate renewables is one example, said Mark Vygoder, a doctoral student and longtime lab member. Cuzner’s lab members have been working with large U.S. military bases in Europe that already use microgrids to address grid insecurity but are grappling with costs related to knitting together unstandardized equipment.

“It’s a bit like the Wild West where you can buy devices from different vendors and all the products are a little bit different,” Vygoder said. “So, it becomes quite costly when you have to hire a service provider to sort that out for you. When the microgrid operates independent of the grid, all those different components need to coordinate and communicate.”

Cuzner and his lab members are working with researchers Giovanna Oriti, Douglas Van Bossuyt, Ron Giachetti and Dan Nussbaum at the Naval Postgraduate School in California with support from a series of grants from the U.S. Naval Facilities Engineering and Expeditionary Warfare Center (NAVFAC EXWC) to simplify the architecture, employ artificial intelligence, and bring down the cost of microgrids.

UWM expertise in power distribution

Cuzner, an expert in power controls, conversion and distribution – the areas of vulnerability in microgrid technology – stands at the center of UWM’s reputation as a leader in both energy storage and electric grid technology.

Cuzner’s lab is a lead partner in the GRid-connected Advanced Power Electronic Systems (GRAPES), a national industry/university research center that aims to accelerate insertion of power electronics into the national grid.

Cuzner, Vygoder and Andrew Eggebeen, a recent PhD graduate in computer engineering, who worked in Cuzner’s lab, visited three U.S. bases in Europe in the summer of 2023 to get a first-hand look at how these microgrids are being implemented and their limitations.

“One thing we found was that these bases are very large and spread out, leading to transmission problems,” Cuzner said. “In one case, the solar array is several miles outside of the base.”

To solve the problem, Cuzner and his colleagues at the Naval Post Graduate School developed a “zonal distribution concept” – essentially breaking microgrids down into less complex units, called nanogrids.

What is a nanogrid?

Cuzner’s background is in the conversion of Navy shipboard power generation to electrical distribution. Such architecture features damage-control zones: When the power goes out in one part of the ship, the system reroutes itself using smart switchgear and continues to operate with only the affected zone shut down.

Nanogrids can be strung together within the microgrid itself, improving overall smart capabilities. And they can be added one at a time, easing the cost burden of a microgrid.

Cuzner and his team are researching the best ways to standardize components supplied by commercial vendors and ensure “grid-edge inter-compatibility,” which means that even components supplied by different vendors can work and play well together.

“If smart components of a nanogrid are standardized,” Cuzner said, “it can become a ‘plug and play’ building block that can be produced cost-efficiently.”

UWM’s microgrid ‘sandbox’

To work out the details of nanogrids, Cuzner’s lab members have built a fully functional microgrid at the University Services & Research building near UWM’s Kenwood campus. Since 2021, the lab has been building an energy distribution system with smart metering and controls, giving them an experimental sandbox.

The researchers can now observe how a microgrid responds under varying conditions, quantify how commercial components monitor microgrid data, and then simulate in real-time a full-scale system that interacts with real control hardware.

“With our microgrid, we can simulate equipment that is on the grid, test it at scale, quantify the ‘grid-edge’ where everything comes together, and figure out how to improve performance,” Cuzner said. “That’s something no one else has done yet.”

In 2023, they worked with a local company, Badger Technologies, to install, test and integrate a battery energy storage system with the UWM microgrid. In addition, UWM’s microgrid includes a solar array, one wind turbine, two natural gas generators and a smart switch that could connect it to the national grid.

The college is currently exploring ways to secure federal funding to turn the UWM microgrid into an industry-collaborative lab with a 1,000-13,000-volt testing facility. Such a facility would attract industry, quicken the pace of new microgrid technology and would include research on electric ships and aircraft.

Power, energy and controls in focus

Nanogrids also improve control of the flow of electricity if connected to the grid.

Control refers to how the existing grid meets demand. Higher than normal demand for electricity could cause a blackout, but so could a glut of power to the grid from renewables.

Another benefit of nanogrids is that the controls can be built from the “bottom up,” Vygoder said, giving nanogrids the ability to speedily compensate for power disturbances.

Southeast Wisconsin is the perfect place to develop this commercial potential with its cluster of companies related to energy, power and controls. UWM is at the epicenter, with longstanding research partnerships with industry leaders including Eaton, Rockwell Automation, Leonardo DRS, and Johnson Controls.

Most recently, Office of Naval Research has funded Cuzner to develop a “digital twin” approach to study how nanogrid components respond to a wide range of both normal and damaged scenarios.

AI and nanogrid decision-making

Digital twins rely on artificial intelligence to improve communication among the smart components of both micro and nanogrids. It’s the next step in the integration research.

When paired with machine learning, AI could potentially allow microgrids and nanogrids to teach themselves what leads to a breakdown and autonomously decide what to do when they detect trouble brewing.

For this research, Cuzner has consulted with Zhen Zeng, UWM assistant professor of computer science, who is an expert in digital twins and cybersecurity. Zeng is co-advising computer engineering students who are helping in Cuzner’s lab, bringing together power/energy and computer engineering in the college.

“When we feed a lot of information into an AI model, the model can quickly tell you what is going on in the system,” said Zeng. “We try to understand which situations we would need to consider when building cyber-protection into the design.”

This news release was issued on behalf of Newswise™. For more information, visit http://www.newswise.com.

Media Contacts: Laura Otto
Senior Public Relations specialist
LLHunt@uwm.edu
Phone: 414-229-6447

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SOURCE UNIVERSITY OF WISCONSIN-MILWAUKEE

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BRIDGE Appoints Morgan Jetto As Executive Vice President, Business Development & Ecosystems

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Industry Veteran to Lead Strategic Partnerships as BRIDGE Extends Its Position as the Trusted Partner for Audience Targeting, Curation, and Agentic Audience Targeting

NEW YORK, Apr. 21, 2026 /PRNewswire/ — BRIDGE, the verified people-data layer for advertising and marketing, today announced the appointment of Morgan Jetto as Executive Vice President, Business Development & Ecosystems. In this newly created role, Jetto will drive BRIDGE’s partnership strategy, expand its ecosystem of data and media integrations, and accelerate revenue growth across its key growth verticals as demand for verified data surges.

“Morgan brings a rare combination of deep industry relationships, strategic vision, and hands-on execution,” said Robert Rose, CEO of BRIDGE. “The industry is moving toward verified identity, curated audiences advertisers can trust, and agentic audience targeting that needs real, consent-audited people data underneath it. BRIDGE sits at the center of all three shifts, and Morgan’s leadership will help us extend that foundation to every agency, platform, and AI builder who needs it.”

Jetto joins BRIDGE from Verve Group, where he served as Senior Vice President and General Manager. His career spans nearly two decades of proven senior roles in AdTech and MarTech — including global partnerships at Yahoo, client leadership at GroupM, as well as board and advisory roles — with a consistent focus on building partnerships at the intersection of data, media, and emerging technology.

“BRIDGE has built something genuinely differentiated — a verified, people-based data foundation the industry urgently needs, and an architecture built for the next generation of agentic audience targeting,” said Jetto. “I’m excited to join at this critical and pivotal moment and help expand the ecosystem of partners, platforms, and clients who can benefit from the differentiated foundation BRIDGE has built— and I’m just getting started.”

BRIDGE is the verified people-data layer for advertising and marketing — the trusted foundation agencies, brands, platforms, and AI builders rely on for audience targeting and curation. Every record is a real person, verified through the Data Safe™ methodology. The CONNECT platform activates the same verified person across CTV, digital, social, email, audio, programmatic, and direct mail, and is built for agentic audience targeting through Connect MCP. People Match™ closes the loop with deterministic attribution. BRIDGE powers 160,000+ campaigns annually and has been ranked #1 for data accuracy by Truthset — an independent third party — for five consecutive years. The graph includes 412.9M verified consumers and business people and 679.8M permission-based emails, anchored on SOC2, SOC3, and HIPAA compliance. Learn more at www.thebridgecorp.com.

Media Contact

Karen Nordahl
BRIDGE
Director, Human Resources 
connect@thebridgecorp.com
+1 ( 212) 991-5633

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SOLOWIN HOLDINGS Expects Revenue in the Range of $27 Million to $29 Million, Approximately 10x Year-over-Year Growth for the Fiscal Year Ended March 31, 2026 Based on Preliminary Unaudited Results

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HONG KONG, April 21, 2026 /PRNewswire/ — SOLOWIN HOLDINGS (Nasdaq: AXG) (“SOLOWIN,” the “Company,” or “we”), a leading financial technology firm bridging traditional and digital assets, today announced certain preliminary, unaudited financial results for the fiscal year ended March 31, 2026. Driven by the rapid expansion of its digital asset tokenization, stablecoin infrastructure, and AI-powered services, the Company delivered exceptional top-line growth for the fiscal year ended March 31, 2026, as it advances its global framework compliance and institutional-grade service strategy.

The preliminary financial results described in this press release are unaudited and based on management’s current estimates of our results for the fiscal year ended March 31, 2026. These figures are subject to the completion of our customary year-end financial closing procedures and audit by the Company’s independent registered public accounting firm. No assurance can be given that final audited results will not differ materially from these preliminary estimates, and any such differences could be significant. We expect to file our audited financial results for the fiscal year ended March 31, 2026, with the U.S. Securities and Exchange Commission in our Annual Report on Form 20-F, which is expected to be filed in July 2026.

Overall Performance

Revenue increased nearly tenfold year over year to between $27 million and $29 million for the fiscal year ended March 31, 2026.

Net loss was in the range of $11 million to $13 million, reflecting continued investment in technology, compliance, and global business expansion.

Financial Condition

As of March 31, 2026, cash and cash equivalents increased to between $14 million and $16 million.

Net cash used in operating activities was in the range of $12 million to $14 million for the year ended March 31, 2026. The increase in receivables from customers was the primary driver of the cash used in operating activities during the current period.

Net cash provided by investing activities was in the range of $1 million to $3 million for the year ended March 31, 2026, mainly consisting of cash and bank balances arising from acquisition of subsidiaries, partly offset by purchases of short-term investments.

Net cash provided by financing activities increased to between $18 million and $20 million for the year ended March 31, 2026, mainly representing the proceeds from capital injections from investors.

Strategic Overview

Against a backdrop of accelerating institutional adoption, maturing global regulation, and deepening integration of AI and blockchain, SOLOWIN has further consolidated its position as a fully compliant, vertically integrated digital financial platform, with a clear dual-token strategy focused on Digital Asset Tokens and AI Tokens. The Company’s ecosystem spans stablecoin issuance and payments, asset tokenization, securities trading and asset management, as well as AI-powered services.

Management Commentary

Mr. Lok Ling Ngai, Chief Executive Officer and Chairman of SOLOWIN, stated: “Fiscal 2026 marks a transformative year for SOLOWIN. Achieving tenfold revenue growth represents more than a financial milestone, it validates the strength of our dual-token strategy and underscores the accelerating global demand for compliant, institutional-grade digital asset infrastructure. We are uniquely positioned at the convergence of three structural shifts reshaping our industry: the advancement of regulatory frameworks, the rapid adoption of tokenization, and the integration of AI with blockchain technologies.”

“Guided by our mission ‘Mobilizing Tokens 24/7,’ we are building a secure, efficient, and fully regulated digital financial ecosystem. Over the past year, we have significantly strengthened and expanded our stablecoin and payment infrastructure, scaled our asset tokenization capabilities, and enhanced our AI-powered services. Together, these efforts reinforce and deepen our licensed platform advantages across Hong Kong, Bahrain, and other key global markets.”

“We see ourselves as more than a technology company — we are a trusted bridge connecting traditional finance and the decentralized economy. As global regulatory frameworks continue to mature and institutional adoption accelerates, we remain steadfast in our commitment to compliance, transparency, and responsible innovation. Our goal is to deliver sustainable, long-term value for our clients, partners, and shareholders — and help to power the future of finance.”

About SOLOWIN HOLDINGS

SOLOWIN HOLDINGS (NASDAQ: AXG) is a leading global regulated fintech company. Established in 2016, AXG combines blockchain and artificial intelligence technologies to operate a fully compliant dual-token digital economy super platform.

Guided by the mission “Mobilizing Tokens 24/7,” the Company focuses on tokenization and operates two core business pillars: Digital Asset Tokens and AI Tokens. Its offerings span stablecoin issuance and payments, asset tokenization, securities trading and asset management, as well as AI-powered services including cloud infrastructure, Know-Your-Agent verification, and token router.

Through its integrated ecosystem, including AXCOIN, AXONE, FERION, SOLOMON, SCION, and KOVAR, AXG empowers global institutions and investors to capitalize on the rapid growth of the dual-token economy.

For more information, visit the Company’s website at https://www.alloyx.com or Investor Relations webpage at https://ir.alloyx.com

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. The Company has attempted to identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations that arise after the date hereof, except as may be required by law. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and other factors discussed in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”) including the “Risk Factors” section of the Company’s most recent Annual Report on Form 20-F as well as in its other reports filed or furnished from time to time with the SEC. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s filings with the SEC, which are available for review at www.sec.gov.

For investor and media inquiries please contact:

SOLOWIN HOLDINGS
Investor Relations Department
Email: ir@solowin.io

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com

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SOURCE SOLOWIN HOLDINGS

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Chemours Announces Dates for First Quarter 2026 Earnings Release and Webcast Conference Call

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WILMINGTON, Del., April 21, 2026 /PRNewswire/ — The Chemours Company (“Chemours” or “the Company”) (NYSE: CC) today announced that the Company expects to issue its first quarter 2026 financial results after market on Tuesday, May 5, 2026.

The Company expects to hold its conference call to discuss its first quarter 2026 financial results at 8:00 a.m. Eastern Time on Wednesday, May 6, 2026. The call is open to the public and can be accessed via the webcast information below. The webcast and materials can be accessed by visiting the “Events and Presentations” section of the Investor Relations section of Chemours’ website at investors.chemours.com.

Conference Call: Please visit investors.chemours.com for a link to the live webcast and to view the accompanying slides.

Replay: A webcast replay will be available at investors.chemours.com.

About The Chemours Company
The Chemours Company (NYSE: CC) is a global leader in providing industrial and specialty chemicals products for markets, including coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and advanced electronics, general industrial, and oil and gas. Through our three businesses – Thermal & Specialized Solutions, Titanium Technologies, and Advanced Performance Materials – we deliver application expertise and chemistry-based innovations that solve customers’ biggest challenges. Our flagship products are sold under prominent brands such as Opteon™, Freon™, Ti-Pure™, Nafion™, Teflon™, Viton™, and Krytox™. Headquartered in Wilmington, Delaware and listed on the NYSE under the symbol CC, Chemours has approximately 5,700 employees and 28 manufacturing sites and serves approximately 2,400 customers in approximately 110 countries. For more information, visit chemours.com or follow us on LinkedIn

CONTACTS:

INVESTORS
Brandon Ontjes
Vice President, Head of Strategy & Investor Relations
+1.302.773.3300
investor@chemours.com

NEWS MEDIA
Cassie Olszewski
Media Relations & Reputation Leader
+1.302.219.7140
media@chemours.com  

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SOURCE The Chemours Company

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