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California Energy Commission, California Public Utilities Commission and Rajasthan Electricity Regulatory Commission Sign Landmark Memorandum of Intent to Advance Clean Energy Collaboration

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ISGF Facilitated Strategic Partnership to Accelerate Renewable Energy Integration, Grid Modernization, Energy Storage and Transportation Electrification between California and Rajasthan

NEW DELHI, July 28, 2026 /PRNewswire/ — The California Energy Commission (CEC), the California Public Utilities Commission (CPUC), and the Rajasthan Electricity Regulatory Commission (RERC) have executed a landmark Memorandum of Intent (MoI) on 25 June 2026, establishing a strategic collaboration framework for advancing clean energy technologies, grid modernization, renewable energy integration, energy efficiency, transportation electrification, long-duration energy storage, renewable energy forecasting, and grid reliability.

The Memorandum of Intent marks a significant milestone in strengthening international cooperation between two global leaders in renewable energy deployment. California and Rajasthan, among the largest and most progressive states in their respective countries, share common ambitions of accelerating the clean energy transition while ensuring reliable, resilient, and affordable electricity systems.

The virtual signing ceremony was attended by Hon’ble Energy Minister of Rajasthan Mr Heeralal Nagar, Mr Siva Gunda, Vice Chair of California Energy Commission; Mr John Reynolds, President, California Public Utilities Commission, Mr Hemant Kumar Jain, Member, Rajasthan Electricity Regulatory Commission; and Mr Reji Kumar Pillai, President, India Smart Grid Forum (ISGF) and Chairman, Global Smart Energy Federation (GSEF), along with senior officials from the participating organizations.

The collaboration aims to promote knowledge exchange, policy dialogue, technical cooperation, and the sharing of global best practices in key areas including Renewable energy integration, Grid modernization and resilience, Energy efficiency, Transportation electrification, Long-duration energy storage, Energy forecasting and grid planning and other Emerging clean energy technologies.

Speaking on the occasion, Hon’ble Minister for Energy, Rajasthan Government, Mr Heeralal Nagar, said, “Rajasthan is a leader in clean energy in India. We have strong sunshine and good wind, and we are using them to produce more and more solar and wind power. We are also adding battery storage and smart meters, and improving our power grid, so that clean power reaches our people in a steady and affordable way. California has done excellent work in this field, and there is a lot we can learn from each other. This agreement is an important step. It allows our two sides to share knowledge, ideas and experience — on solar and wind power, storage, electric vehicles and grid reliability. I believe this will bring real benefits to the people of both Rajasthan and California.”

Mr Siva Gunda, Vice Chair, California Energy Commission, said, “California and Rajasthan are demonstrating how subnational partnerships can accelerate the clean energy transition through practical collaboration. This Memorandum of Intent provides a strong foundation for sharing technical expertise on renewable energy integration, grid reliability, energy forecasting, transportation electrification, and long-duration energy storage. We look forward to learning from one another as we work toward reliable, affordable, resilient, and increasingly clean energy systems.”

President of California Public Utilities Commission, Mr. John Reynolds, commented, “California and Rajasthan are confronting many of the same challenges as we transition to cleaner, more reliable, and more affordable energy systems. This Memorandum of Intent creates an important opportunity for our institutions to learn from one another, share regulatory experience, and strengthen our collaboration in support of the people we serve.” 

ISGF President, Mr Reji Kumar Pillai has commented, “Rajasthan today operates one of the most complex grids with nearly 80% of renewable energy. Out of 62 GW of installed capacity in Rajasthan, 42 GW is solar and 6 GW is wind. Managing a grid with such high level of variable RE generation sources is a major challenge and requires advanced digital technologies and enabling regulatory framework. This collaboration between California and Rajasthan is expected to be mutually beneficial and would be an ideal test bed for new technologies and policy interventions.”

Following the signing ceremony, the California Energy Commission acknowledged ISGF’s pivotal role in enabling this collaboration and expressed its appreciation for the continued partnership with Rajasthan and ISGF. The Commission also recognized the valuable support provided by the India Energy and Climate Center at UC Berkeley and the UC Davis India Center for Energy and Climate in advancing this initiative.

ISGF has been actively promoting international collaborations to accelerate the deployment of smart grids, renewable energy, electric mobility, and advanced energy technologies across India. This partnership further reinforces ISGF’s commitment to fostering global cooperation that supports India’s clean energy ambitions and contributes to building resilient, sustainable, and future-ready power systems.

About India Smart Grid Forum (ISGF)

ISGF is a public private partnership initiative of Govt. of India with the mandate of accelerating smart grid deployments across the country. With 170+ members comprising of ministries, utilities, technology providers, academia and research, ISGF has evolved as a Think-Tank of global repute on Smart Energy and Smart Cities. Mandate of ISGF is to accelerate energy transition through clean energy, electric grid modernization and electric mobility; work with national and international agencies in standards development and help utilities, regulators and the industry in technology selection, training and capacity building. Website: https://indiasmartgrid.org/

 

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Howard Hughes Holdings Set to Join S&P SmallCap 600

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NEW YORK, Oct. 23, 2026 /PRNewswire/ — Howard Hughes Holdings Inc. (NYSE: HHH) will replace Arcosa Inc. (NYSE: ACA) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, October 28. S&P 500 constituent CRH plc (NYSE: CRH) has acquired Arcosa in a deal that closed today, October 23.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date

Index Name  

Action

Company Name

Ticker

GICS Sector

October 28, 2026

S&P SmallCap 600

Addition

Howard Hughes Holdings

HHH

Real Estate

October 28, 2026

S&P SmallCap 600

Deletion

Arcosa

ACA

Industrials

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/. 

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
spdji.comms@spglobal.com

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SOURCE S&P Dow Jones Indices

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Chelsea FC announces multi-year sleeve partnership with Sokin, the business payments and FX platform

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Chelsea FC name fast-growing fintech platform as Principal Partner

LONDON, Oct. 23, 2026 /PRNewswire/ — Chelsea Football Club has today announced a multi-year partnership with Sokin, the embedded finance and payments company used by businesses worldwide. Sokin will be named a Principal Partner and Official Business Payments and FX Partner of Chelsea FC and Chelsea FC Women.

As a Principal Partner, Sokin will be represented on the sleeves of the Chelsea FC men’s, women’s and academy home, away, and third kits from the 2026/27 season.

The partnership brings together two ambitious London-headquartered organisations with worldwide reach – a club with millions of fans across the world and a fintech platform through which businesses move more than $11 billion a year. A club of Chelsea’s scale works in many currencies every day, with partners, competitions and supporters around the world, and needs a financial partner built to handle that.

Sokin gives finance teams business payments, multi-currency accounts, foreign exchange, checkout and treasury in one place, so they spend less time juggling banks and providers and keep more of what they move.

As Official Business Payments and FX Partner, Sokin will simplify how Chelsea FC sends, receives and manages money in the currencies the club operates in.

The Sokin logo will feature on the sleeve of the Chelsea shirt for the first time [when the men’s team host Tottenham Hotspur at Stamford Bridge on Saturday 24th October.]

Jason Gannon, President at Chelsea FC said:

“At Chelsea, we seek to partner with organisations that share our ambition and innovative mindset. Sokin’s expertise in business payments, and their focus on making both simpler for the businesses they serve, makes them a natural fit for the Club. We are pleased to welcome Sokin to the Chelsea family and look forward to working together in the years ahead.”

Vroon Modgill, CEO and founder at Sokin said:

“Chelsea plays on the biggest stage in world football, and its business runs in dozens of currencies. Sokin was built for that with regulated, multi-currency payments and foreign exchange for organisations that operate internationally. We’re proud to be the platform behind the business payments and FX of one of the most iconic teams in football. Sokin’s platform serves businesses in more than 170 countries. We’re thrilled to be partners for the season ahead. An organisation as sophisticated as Chelsea doesn’t leave its finances to chance.”

About Sokin

Sokin is the financial layer global business runs on. Businesses can transact, convert and hold money in 70+ currencies across 170+ countries. Some businesses use Sokin to manage global finance in-house. Others build it into their products to power financial experiences for their customers. Businesses move more than $9 billion a year on licenses Sokin holds in 36+ countries and infrastructure Sokin owns. Founded in 2019, Sokin has raised over $100 million from investors including Morgan Stanley Expansion Capital and Prysm Capital.

About Chelsea Football Club

Chelsea Football Club is one of the biggest, most successful football clubs globally and our men’s team are reigning world champions, having won the four-yearly FIFA Club World Cup in 2025. Our women’s team, Chelsea Women, are also multiple trophy winners.

Founded in 1905, Chelsea is London’s most central football club, based at the iconic 40,000-capacity Stamford Bridge stadium. Nicknamed the Blues, the club lifted the Champions League for the first time in 2012 and domestically has won the Premier League five times, the FA Cup eight times, the Football League Cup five times and the Football League Championship once, in 1955.

The Chelsea Women’s team have enjoyed a huge amount of success and in 2025 won the FA Women’s Super League for a sixth consecutive year and the eighth time overall. The Women’s FA Cup has been won on six occasions. We have also captured the FA Women’s League Cup four times as well as reaching the UEFA Women’s Champions League final in 2021. In two seasons, 2020/21 and 2024/25, a domestic treble of trophies was secured.

The Chelsea Foundation boasts one of the most extensive community initiatives in sport, helping to improve the lives of children and young people all over the world.

Media Contacts:

Taina Biggs
taina.biggs@sokin.com 

Nerissa Chesterfield
nerissa.chesterfield@chelseafc.com 

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Amy Johnson Appointed President of GDIT

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RESTON, Va., Oct. 23, 2026 /PRNewswire/ — General Dynamics (NYSE:GD) announced today that Amy Johnson has been appointed as president of GDIT, effective November 3.

Johnson is a 27-year veteran of General Dynamics Mission Systems, where she held increasingly senior roles in engineering, engineering management and business leadership across cybersecurity, defense electronics, space and intelligence systems, most recently as vice president and general manager for Space, Cyber and Intelligence. She earned bachelor’s and master’s degrees in computer science and computer systems engineering. 

“Amy has a proven track record of leading teams to solve complex and highly technical challenges for our customers,” said Phebe Novakovic, CEO of General Dynamics. “I am confident that her dynamic leadership, operational rigor and deep commitment to our values and culture will deliver value to our customers, employees and shareholders.”

GDIT delivers digital modernization, cloud computing, artificial intelligence, cybersecurity and software development solutions to the U.S. federal government, defense, intelligence agencies and other customers. It is a business unit of General Dynamics, a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 120,000 people worldwide and generated $52.6 billion in revenue in 2025. More information is available at gd.com.

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SOURCE General Dynamics

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