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Stake Partners with ACE & Company to Develop Secondary Transfer Facility for Fractional Real Estate Investments in the UAE

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Strategic joint venture aims to enhance liquidity, transparency, and investor confidence in Stake’s real estate offerings in the UAE

DUBAI, UAE, April 21, 2026 /PRNewswire/ — Stake, the MENA region’s leading digital real estate investment platform, and ACE & Company, a Swiss-headquartered global investment group focused on private markets, with more than $2.0 billion in assets under management, today announced a strategic partnership to support the development of liquidity solutions for investors in Stake products. The agreement will focus initially on the platform’s real estate portfolio in the UAE, held through Prescribed Companies, the equivalent of Special Purpose Vehicles (SPVs) in DIFC.

 

 

The initiative is intended to create a more liquid, transparent, and efficient marketplace for investors seeking exposure to fractional real estate opportunities through Stake’s platform. By combining Stake’s innovative access model with ACE & Company’s longstanding experience in private market investing and secondary transactions, the partnership aims to strengthen the investment ecosystem around fractional ownership structures in the UAE.

The joint venture reflects both firms’ confidence in the long-term fundamentals of the UAE. At a time of heightened regional uncertainty, the UAE continues to distinguish itself through economic resilience, political stability, high-quality infrastructure, and sustained global investor interest. These attributes have helped position the country as one of the region’s most compelling destinations for long-term real estate capital.

Through the planned secondary infrastructure framework, investors in Stake products are expected to benefit from greater flexibility in managing their holdings, improved visibility around market pricing, and clearer pathways to liquidity. In turn, the broader market stands to benefit from enhanced stability, stronger price discovery, and increased participation and confidence in fractional real estate as an investable asset class. The framework operates within Stake’s existing DFSA-approved regulatory permissions, providing investors with established oversight and regulatory clarity. Stake is regulated by the DFSA, the independent regulator for business conducted from or within DIFC.

For Stake, the partnership marks an important step in the continued evolution of its platform, extending beyond access to ownership and toward the development of more mature market infrastructure. For ACE & Company, the collaboration draws on its extensive experience in private equity and secondaries to help unlock liquidity solutions in a fast-growing segment of the alternative investment landscape. The DIFC’s established private markets framework, and its Prescribed Company regulations in particular, have been central to enabling this model, providing the institutional and legal infrastructure on which this secondary transfer facility innovation is built.

Manar Mahmassani, Co-Founder and Co-CEO of Stake said:
“The UAE has always rewarded those who invest in it with conviction, and that’s exactly what this partnership represents. Stake was born in crisis. We launched during COVID, when global real estate markets were struggling and Dubai’s property industry was at its low point. What we saw was a market that is far from broken, but fundamentally sound, going through a temporary challenge. That conviction has never left us. Today, the world is watching the region, and we want to be unambiguous about where we stand: we are long Dubai, and we are long the UAE. This is not the moment to retreat: it’s the moment to build the institutional infrastructure this market deserves. That’s exactly what this partnership is all about – a mature, resilient market attracting institutional confidence and capital committed for the long run.”

Sherif El Halwagy, Partner and Co-Founder at ACE & Company said:

“Drawing on almost two decades of experience in offering liquidity to investors across private markets ecosystems via secondaries, we see a tremendous opportunity in real estate secondaries in the UAE. This partnership reflects our conviction in the country’s long-term fundamentals and our disciplined approach to capital deployment in high-quality assets. We look forward to further strengthening our relationships with investors and partners across the region.”

The partnership is designed to benefit all stakeholders across the ecosystem. Existing investors gain added optionality and transparency, prospective investors gain greater confidence in the structure, and the market benefits from stronger liquidity mechanisms, a scalable source of permanent/long-term capital and a more institutionalized framework for participation.

As fractional ownership continues to gain traction globally, Stake and ACE & Company believe that robust secondary infrastructure will play a critical role in supporting the sector’s long-term growth. The joint venture represents a shared commitment not only to product innovation, but also to building the underlying market architecture needed to support sustainable expansion in the UAE and beyond.

About Stake

Founded in the UAE in 2021, Stake is a DIFC-based fintech company and the leading real estate investment platform in the MENA region and beyond. Regulated by the Dubai Financial Services Authority (DFSA) for fractional properties, and by the Capital Market Authority (CMA) in Saudi Arabia for fund distribution, Stake has built a community spanning over 2 million users from 211+ nationalities and has enabled over 450,000 investments across 600+ properties and 4 private real estate funds, paying out over AED 70 million in rental income and surpassing AED 1.5 billion in real estate transactions to date.

About ACE & Company

ACE & Company is a global investment group focused on private markets, with more than $2.0 billion in assets under management and over 20 years of investment experience. The firm invests across three core strategies—Venture, Independent Sponsors, and Secondaries—providing diversified exposure and differentiated return opportunities across the private markets lifecycle. Headquartered in Geneva, ACE & Company has offices in Zurich, London, New York, and Cairo.

Media Contacts
Stake
Ozge Onur
VP Marketing
ozge@getstake.com
+971.52.846.9054

ACE & Company
Elia Innamorati
Investor Relations
einnamorati@aceandcompany.com
+41.22.311.3333

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Logo:  https://mma.prnewswire.com/media/2955803/5917553/ACE_and_Company_Logo.jpg

 

 

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Sungrow PhD Talk Outlines 5 Key Trends in Offshore Renewables

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YANTAI, China, Sept. 14, 2026 /PRNewswire/ — Sungrow, a global leading renewable energy company, recently hosted the latest edition of its PhD Talk series in China’s Bohai Bay, bringing together experts and industry representatives in offshore PV, island microgrids, deep-water offshore wind and marine conservation.

Under the theme “The Power of Bridge: Bridge to The Deep Blue,” the event identified five key trends shaping offshore renewables in the move from demonstration projects toward commercial deployment.

Offshore systems must withstand salt spray, high humidity, waves, tides and typhoons while navigating limited operation and maintenance (O&M) windows, insufficient grid support and coordination across multiple types of equipment.

Trend 1: Scenario-Defined Design Replaces a One-Size-Fits-All Approach

Offshore equipment cannot simply replicate land-based products, and different marine environments demand different designs. David Sun, General Manager of the R&D Center at Sungrow’s Utility PV Business Unit, noted that tropical waters bring heat and humidity, cold-water environments create condensation risks, and nearshore industrial zones expose equipment to chemical corrosion.

Sungrow therefore uses a unified, high-standard technology platform while adapting materials, sealing processes and thermal management strategies to local conditions.

Trend 2: AI-Powered Reliability Supports Offshore Solar’s Move to Commercial Scale

As offshore PV moves from demonstration projects toward commercial operation, harsher environmental loads and mounting cost pressures remain key challenges, according to Hui Xing, Chief Engineer of POWERCHINA Northwest Engineering Corporation Limited’s New Energy Engineering Institute.

David further emphasized that project economics extend beyond upfront equipment costs to downtime, offshore inspections and long-term maintenance. Sungrow’s Smart IV Curve Diagnosis identifies string faults, while self-learning algorithms monitor inverter air-duct health, enabling early warnings and dust removal. MPPT-level insulation detection reduces fault-location time to one-sixth of that required by conventional inverter-level diagnosis, while AI-based fault localization pinpoints issues to individual modules within a string.

Trend 3: Lifecycle Reliability and Proactive Safety Become Core Design Requirements

The SG465HX utility string inverter incorporates IP66 protection, C5-H corrosion resistance, a fully sealed electronics chamber, an IP68-rated fan, weather-resistant sealing materials and intelligent active dehumidification.

In a 1,440-hour cyclic neutral salt spray test (two hours in 5% sodium chloride spray and 22 hours at 40±2°C and 93% relative humidity per cycle), no corrosion appeared on the enclosure, structural parts or core internal components. Sungrow also received a third-party C5-H certification report.

The inverter’s proactive safety features include intelligent string shutdown, AC and DC terminal temperature monitoring, a DC switch with a trip mechanism, and 24-hour insulation monitoring. Sungrow also developed two-stage waterproof terminal caps for protection during transportation, construction and long-term operation, including IP68-rated PA66 caps for unused terminals. A dedicated offshore DC switch uses corrosion- and wear-resistant coatings to reduce the risk of contact sticking and failure to interrupt fault current caused by salt spray.

Trend 4: Grid-Forming Technology Becomes the Backbone of Island Microgrid Stability

Island microgrids face three core challenges: generation uncertainty, load uncertainty and the absence of external grid support, making grid-forming technology and coordinated power-system control essential to stable power supply, according to Dr. Liu Hangyue, Deputy General Manager of Sungrow’s Microgrid and Grid Solutions Center.

David said Sungrow’s inverter portfolio offers grid-forming capability under all grid conditions, letting PV inverters in microgrids establish voltage and support frequency through grid-forming algorithms. In PowerMatrix, each sub-array can operate independently in grid-forming mode, enabling 10-millisecond voltage stabilization and a 5-millisecond inertia response.

Future island energy systems will require coordinated control across solar, wind, storage, the grid and loads, rather than relying on individual devices alone.

Trend 5: Deep-Water Offshore Wind Shifts from Equipment Adaptation to System-Level Co-Design

As offshore wind expands into deeper waters and farther from shore, the challenge is shifting from individual-device reliability to system-wide coordination and value-chain collaboration. Larger turbines can reduce costs and improve efficiency but introduce new issues involving fluid-structure interaction, material properties and multidisciplinary coordination, according to Xu Guodong, Deputy Chief Engineer of Windey Energy Technology Group.

Addressing this shift, Dr. Wang Lingxiang, Vice President of Sungrow and President of its Wind Energy Business Unit, said deep-water sites, evolving power-system requirements and complex marine conditions place greater demands on the reliability, overload capability and intelligent O&M of wind converters.

Electrical equipment must move from passive adaptation to active integration through system-level co-design with generators, cables and transformers, as well as participation in turbine load control and intelligent shutdown strategies. Grid-forming applications must also reflect specific grid-connection and power-transmission configurations, strengthening grid support while safeguarding generators and managing turbine loads. Hardware upgrades should be based on system design requirements.

Beyond technology, Sungrow Foundation joined WWF and the One Planet Foundation to launch a marine “Sun Forest” ecological restoration initiative in Bohai Bay, aiming to restore seagrass and macroalgal beds to improve marine habitats. The foundation also donated a 10.35 kW/10 kWh solar-plus-storage system, expected to generate approximately 12,000 kWh annually, to support emergency and stable power supply for an island community.

This edition of Sungrow’s PhD Talk series traced the industry’s shift from a focus on individual equipment performance toward scenario-specific design, lifecycle reliability, intelligent O&M and system-wide coordination. To support this transition, Sungrow will continue exploring solutions for different marine environments and energy applications through innovation in power conversion and grid technologies.

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SOURCE Sungrow

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Alfa Laval selected by Saipem to supply heat transfer technology for one of Europe’s largest carbon capture projects

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LUND, Sweden, Sept. 14, 2026 /PRNewswire/ — Alfa Laval has been selected by Saipem, the EPC (Engineering, Procurement, Construction) contractor for Stockholm Exergi’s BECCS (Bioenergy with Carbon Capture and Storage) project to supply heat transfer equipment for one of Europe’s largest bioenergy carbon capture facilities. The project is expected to begin operations in 2028 and will capture, liquify, and permanently store up to 800,000 tonnes of CO₂ annually, representing approximately one to two percent of today’s total global carbon capture capacity.

Stockholm Exergi, a leading Swedish energy provider, is taking a bold step towards net-negative emissions with the first-of-its-kind large-scale BECCS initiative set to run at Europe’s largest biomass-based combined heat and power plant in Stockholm. When fully operational, the facility will capture and store CO2 from the combustion of biogenic fuels, where Alfa Laval’s heat transfer solutions will play a crucial role, maximizing system efficiency and heat recovery. The project is part of Sweden’s climate neutrality goals, contributing to the EU’s climate strategy and positioning Stockholm Exergi as an early adopter.

“Carbon capture at this scale is one of the most demanding thermal engineering challenges in the energy transition and effective energy recovery is what ultimately makes it commercially viable,” says Thomas Møller, President of the Energy Division, Alfa Laval. “Stockholm Exergi is setting a new standard for what net-negative emissions can look like at industrial scale, and we are honoured to contribute to this landmark project with our heat transfer solutions.”

“The plant will require a lot of energy to capture the CO2 from the flue gas and liquify it, but with the high quality Ziepack heat exchangers from Alfa Laval, we will be able to reclaim the energy used. This energy will go back in our existing district heating system, which contributes additionally to our carbon removal targets,” says Egil Nybakk, Director BECCS at Stockholm Exergi.

Alfa Laval will supply its Ziepack gas-gas interchanger alongside multiple process plate-and-frame heat exchangers, crucial for maximizing system efficiency and heat recovery, and integral parts of the core capture process. The equipment package has been selected by Saipem as part of its EPC contract for the Stockholm Exergi BECCS facility. Alfa Laval’s technologies will contribute to the efficiency of the carbon capture process and support the project’s ambition to become one of the world’s largest facilities for the capture and permanent storage of biogenic CO2.

Contacts
Johan Lundin
Head of Investor Relations, Alfa Laval
Mobile: +46 730 46 30 90
johan.lundin@alfalaval.com

Hanna Jeppsson
External Communications, Alfa Laval
Mobile: +46 767 77 61 56
hanna.jeppsson@alfalaval.com

This is Alfa Laval

Working closely with customers and partners worldwide, Alfa Laval challenges conventional thinking on engineering, quality, and innovation. Together, driving the solutions of the future, inspiring progress towards a more resourceful, less wasteful world.

Alfa Laval is set on creating positive impact in areas that society depends on, including energy, food, water, medicine, maritime transport and offshore operations. As a leading global provider of solutions in heat transfer, separation, and fluid handling, the company collaborates closely with many industries to optimize efficiency, reduce emissions and increase yields.

Alfa Laval was founded more than 140 years ago, has customers in over 100 countries, employs more than 23,500 people, and annual sales were 69.6 BSEK (6.6 BEUR) in 2025. The company is listed on Nasdaq Stockholm.
www.alfalaval.com

About the Stockholm Exergi BECCS project

Bioenergy with Carbon Capture and Storage (BECCS) is a key climate technology that generates renewable energy from biomass while capturing and permanently storing the resulting CO2.

The Stockholm Exergi plant, BECCS Stockholm, is expected to capture and permanently store up to 800,000 tonnes of biogenic CO₂ annually, making it one of the world’s largest carbon removal facilities. The captured CO2 is then compressed and liquified, allowing for space-efficient underground or offshore storage.

About Stockholm Exergi

Stockholm Exergi is a Swedish energy provider in Stockholm. Today, more than 800,000 people and around 400 locations in Stockholm are connected to the district heating network, which is in turn connected to Stockholm Exergi’s heating and cogeneration plants.

About Saipem

Saipem is a global leader in the engineering and construction of major projects for the energy and infrastructure sectors. The company is active across the entire CO₂ value chain, from carbon capture to transportation and storage, leveraging its engineering, technological and project execution capabilities to support clients’ decarbonization objectives.

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/alfa-laval/r/alfa-laval-selected-by-saipem-to-supply-heat-transfer-technology-for-one-of-europe-s-largest-carbon-,c4394980

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Alfa Laval selected by Saipem to supply heat transfer technology for one of Europe’s largest carbon capture projects_Alfa Laval press release

 

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SOURCE Alfa Laval

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Share buybacks in Ericsson during the period September 7 – September 11, 2026

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STOCKHOLM, Sept. 14, 2026 /PRNewswire/ — During the period September 7 – September 11, 2026, Telefonaktiebolaget LM Ericsson(publ) (“Ericsson”) (LEI code 549300W9JLPW15XIFM52) repurchased own Class B shares (ISIN: SE0000108656) as follows:

Date

Aggregated daily volume (number of
shares)

Weighted average share price per day
(SEK)

Total daily transaction value
(SEK)

07/09/2026

249,987

97.5722

24,391,781.56

08/09/2026

1,000,000

96.8581

96,858,100.00

09/09/2026

250,000

97.2057

24,301,425.00

10/09/2026

250,000

96.7441

24,186,025.00

11/09/2026

100,000

98.0260

9,802,600.00

Total

1,849,987

97.0493

179,539,931.56

The share repurchases are a part of the share buyback program of up to SEK 15,000,000,000 which Ericsson announced on April 16, 2026, and which runs between April 23, 2026, and March 31, 2027, at the latest. The Board of Directors intends to propose to the 2027 Annual General Meeting that the repurchased shares, other than those used to fulfil Ericsson’s obligations under its share-related incentive programs, are cancelled.

The share buyback program is executed in accordance with the Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse (MAR) and the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 supplementing MAR (the Safe Harbour Regulation).

All acquisitions have been carried out on Nasdaq Stockholm by Goldman Sachs Bank Europe SE on behalf of Ericsson. A full breakdown of the transactions is attached to this announcement.

Following the repurchases above, Ericsson’s holding of treasury stock amounts to 107,518,663 Class B shares. There are in total 3,371,351,735 shares in Ericsson, 261,755,983 shares of Class A and 3,109,595,752 shares of Class B.

NOTES TO EDITORS:

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MORE INFORMATION AT:
Ericsson Newsroom
media.relations@ericsson.com  (+46 10 719 69 92)
investor.relations@ericsson.com  (+46 10 719 00 00)

Investors
Daniel Morris, Vice President, Head of Investor Relations
Phone: +44 7386 657217
E-mail: investor.relations@ericsson.com

Lena Häggblom, Director, Investor Relations
Phone: +46 72 593 27 78
E-mail: lena.haggblom@ericsson.com

Media
Ralf Bagner, Head of Media Relations
Phone: +46761284789
E-mail: ralf.bagner@ericsson.com

ABOUT ERICSSON:
Ericsson’s high-performing, programmable networks provide connectivity for billions of people every day. For 150 years, we’ve been pioneers in creating technology for communication. We offer mobile communication and connectivity solutions for service providers and enterprises. Together with our customers and partners, we make the digital world of tomorrow a reality. www.ericsson.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/ericsson/r/share-buybacks-in-ericsson-during-the-period-september-7—september-11–2026,c4395255

The following files are available for download:

https://mb.cision.com/Main/15448/4395255/4265622.pdf

Share buybacks in Ericsson during the period September 7-September 11 2026

https://mb.cision.com/Public/15448/4395255/b5e53b4e6c971ce1.xlsx

Daily Ericsson Share Buyback Report

 

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SOURCE Ericsson

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