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Fresh2 Group Ltd. Announces Receipt of a Delinquency Compliance Alert Notice from Nasdaq

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Fresh2 Group has received a Delinquency Compliance Alert Notice from Nasdaq. The company has announced a partnership with Collins Aerospace and Common Energy to support four new community solar projects in the greater Portland area. These projects will generate 17 million kilowatt hours of clean energy annually, benefitting the community and reducing carbon emissions. The projects will have a mix of commercial, residential, and low-income subscribers, with each receiving credits on their electricity bills and Renewable Energy Certificates. Collins Aerospace's facility in Wilsonville will anchor the portfolio, with a focus on reducing greenhouse gas emissions and supporting sustainability initiatives.
Fresh2 Group ha ricevuto un Avviso di Inadempienza dalla Compliance di Nasdaq. La società ha annunciato una partnership con Collins Aerospace e Common Energy per il sostegno a quattro nuovi progetti di energia solare comunitaria nella zona di Portland. Questi progetti produrranno annualmente 17 milioni di kilowattora di energia pulita, beneficiando la comunità e riducendo le emissioni di carbonio. I progetti avranno un mix di abbonati commerciali, residenziali e a basso reddito, ciascuno dei quali riceverà crediti sulla bolletta dell'elettricità e Certificati di Energia Rinnovabile. L'impianto di Collins Aerospace a Wilsonville sarà il fulcro del portfolio, con un focus sulla riduzione delle emissioni di gas serra e sul supporto alle iniziative di sostenibilità.
Fresh2 Group ha recibido una Notificación de Incumplimiento de Complicidad de Nasdaq. La empresa ha anunciado una asociación con Collins Aerospace y Common Energy para apoyar cuatro nuevos proyectos de energía solar comunitaria en el área metropolitana de Portland. Estos proyectos generarán 17 millones de kilovatios hora de energía limpia anualmente, beneficiando a la comunidad y reduciendo las emisiones de carbono. Los proyectos contarán con una mezcla de suscriptores comerciales, residenciales y de bajos ingresos, cada uno de los cuales recibirá créditos en sus facturas de electricidad y Certificados de Energía Renovable. La instalación de Collins Aerospace en Wilsonville será el ancla del portafolio, con un enfoque en la reducción de emisiones de gases de efecto invernadero y el apoyo a iniciativas de sostenibilidad.
Fresh2 Group은 나스닥으로부터 채무 불이행 준수 경고 통지를 받았습니다. 이 회사는 Collins Aerospace 및 Common Energy와 함께 포틀랜드 지역에서 새로운 커뮤니티 태양광 프로젝트 네 개를 지원하기 위한 파트너십을 발표했습니다. 이 프로젝트들은 연간 1,700만 킬로와트시의 깨끗한 에너지를 생산할 것이며, 커뮤니티에 혜택을 주고 탄소 배출을 줄일 것입니다. 프로젝트는 상업, 주거 및 저소득 가입자들의 혼합을 가지며, 각각 전기 요금에 대한 크레딧과 재생 에너지 인증서를 받게 될 것입니다. Collins Aerospace의 윌슨빌 시설이 포트폴리오의 중심이 될 것이며, 온실 가스 배출 감소 및 지속 가능성 이니셔티브 지원에 중점을 둘 것입니다.
Fresh2 Group a reçu un Avis de Non-conformité de la part de Nasdaq. L'entreprise a annoncé un partenariat avec Collins Aerospace et Common Energy pour soutenir quatre nouveaux projets solaires communautaires dans la région de Portland. Ces projets produiront 17 millions de kilowatts-heures d'énergie propre par an, profitant à la communauté et réduisant les émissions de carbone. Les projets comprendront un mélange d'abonnés commerciaux, résidentiels et à faible revenu, chacun recevant des crédits sur leurs factures d'électricité et des Certificats d'Énergie Renouvelable. L'installation de Collins Aerospace à Wilsonville sera l'ancre du portefeuille, avec un accent sur la réduction des émissions de gaz à effet de serre et le soutien aux initiatives de durabilité.
Die Fresh2 Group hat eine Benachrichtigung über Nichteinhaltung der Compliance von der Nasdaq erhalten. Das Unternehmen kündigte eine Partnerschaft mit Collins Aerospace und Common Energy an, um vier neue Gemeinschafts-Solarprojekte im Großraum Portland zu unterstützen. Diese Projekte werden jährlich 17 Millionen Kilowattstunden saubere Energie erzeugen, was der Gemeinde zugutekommt und die Kohlenstoffemissionen reduziert. Die Projekte werden eine Mischung aus kommerziellen, Wohn- und einkommensschwachen Abonnenten haben, wobei jeder Stromrechnungsgutschriften und Zertifikate für erneuerbare Energien erhält. Die Anlage von Collins Aerospace in Wilsonville wird den Kern des Portfolios bilden, mit einem Schwerpunkt auf der Reduzierung von Treibhausgasemissionen und der Unterstützung von Nachhaltigkeitsinitiativen.
Positive
  • Partnership with Collins Aerospace and Common Energy for community solar projects
  • Projects to generate 17 million kilowatt hours of clean energy annually
  • Mix of commercial, residential, and low-income subscribers with energy bill credits
  • Collins Aerospace's Wilsonville facility to reduce annual carbon emissions by over 1,000 metric tons
  • 80% of facility's annual electrical consumption allocated from community solar projects
Negative
  • None.

Portfolio of projects will generate millions of kilowatt hours of clean electricity

NEW YORK--(BUSINESS WIRE)-- Collins Aerospace, an RTX (NYSE: RTX) business, and Common Energy, a leading community solar provider, today announced a partnership to support a portfolio of four new community solar projects across the greater Portland area. In aggregate, the projects have a capacity of 12 megawatts and will generate 17 million kilowatt hours of clean energy each year. Clean electricity from the projects will flow directly to the electric grid and replace fossil fuel generation, thereby lowering carbon emissions and benefiting the broader Portland community. The projects will be owned and operated by Luminace, a wholly owned subsidiary of Brookfield Renewables.

(Photo: Business Wire)

(Photo: Business Wire)

According to the provisions of Oregon’s Community Solar Program, the projects will have a mix of commercial, residential and low-income subscribers. Each subscriber will receive credits on their electricity bills, proportional to their share of the projects, lowering their energy cost. In addition, all subscribers will receive Renewable Energy Certificates (RECs). Collins’ facility in Wilsonville, Oregon, will make up the commercial allocation, thereby “anchoring” the portfolio. Approximately 10% of the projects’ credits will be allocated to low-income households, which will receive a guaranteed 20% savings on their electricity bills for 20 years.

“As part of our roadmap to improve the sustainability of our manufacturing operations, Collins is working to reduce greenhouse gas emissions at its sites,” said Craig Brown, Wilsonville site leader for Collins. “Through this collaboration with Common Energy and Luminace, we will reduce our Wilsonville plant’s annual carbon emissions by more than 1,000 metric tons—the equivalent of taking 250 gasoline-powered cars off the road for one year. In addition, more than 80% of the facility’s annual electrical consumption will now be allocated from community solar projects.”

“We’re excited to partner with worldclass companies like Collins Aerospace and Luminace to energize community solar projects across the country,” said Richard Keiser, founder and CEO of Common Energy. “These projects will bring economic savings and environmental benefits to businesses and consumers across the greater Portland region.”

“As one of the leading distributed generation platforms in the U.S., we are excited to expand our working relationship with Common Energy as well as support our mutual client Collins Aerospace with their greenhouse gas emissions reduction initiatives,” said Brendon Quinlivan, Luminace’s Chief Executive Officer.

Common Energy would like to thank the leadership of the Energy Trust of Oregon, the Oregon Public Utilities Commission, the Community Energy Project, the Oregon Solar and Storage Industries Association (OSSIA) and the Portland General Electric for their respective efforts to bring the project to fruition.

About Collins Aerospace
Collins Aerospace, an RTX business, is a leader in integrated and intelligent solutions for the global aerospace and defense industry. Our 80,000 employees are dedicated to delivering future-focused technologies to advance sustainable and connected aviation, passenger safety and comfort, mission success, space exploration and more.

About RTX
With more than 185,000 global employees, RTX pushes the limits of technology and science to redefine how we connect and protect our world. Through industry-leading businesses – Collins Aerospace, Pratt & Whitney, and Raytheon – we are advancing aviation, engineering integrated defense systems, and developing next-generation technology solutions and manufacturing to help global customers address their most critical challenges. The company, with 2023 sales of $69 billion, is headquartered in Arlington, Virginia.

About Common Energy
Common Energy is a leading community solar provider that services over 400MW of projects across the country. Common Energy’s programs enable businesses and households to lower their energy costs, support local clean energy, and lower emissions in their communities. To join a community solar project, enroll at www.commonenergy.us. Companies interested in partnering with Common Energy, please email partners@commonenergy.us.

Common Energy

press@commonenergy.us

RTX

Al Killeffer

alexander.killeffer@rtx.com

Source: Common Energy

FAQ

What is the partnership announced by Fresh2 Group related to?

Fresh2 Group announced a partnership with Collins Aerospace and Common Energy to support four new community solar projects in the greater Portland area.

How much clean electricity will the projects generate annually?

The projects will generate 17 million kilowatt hours of clean energy each year.

What type of subscribers will be part of the projects?

The projects will have a mix of commercial, residential, and low-income subscribers.

What benefits will the subscribers receive?

Subscribers will receive credits on their electricity bills and Renewable Energy Certificates.

How will Collins Aerospace's facility in Wilsonville contribute to the projects?

Collins Aerospace's Wilsonville facility will anchor the portfolio and focus on reducing greenhouse gas emissions.

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Raytheon Technologies Corporation is an American multinational aerospace and defense conglomerate headquartered in Arlington, Virginia. It is one of the largest aerospace and defense manufacturers in the world by revenue and market capitalization, as well as one of the largest providers of intelligence services.