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  • New Avionics Innovation Helps Airlines Reduce 800 Tonnes of Co2 Emissions as WeSky Delivers the World’s Lightest In-Seat Power Solution

    New Avionics Innovation Helps Airlines Reduce 800 Tonnes of Co2 Emissions as WeSky Delivers the World’s Lightest In-Seat Power Solution

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    Commercial Airlines Carbon Footprint is Reduced by over 800 Tonnes Annually for a typical fleet of Single Aisle Boeing or Airbus Aircraft with recharge™️, an Avionics In-Seat Power System

    Press Release
    –

    Dec 12, 2022


    VILNIUS, Lithuania, December 12, 2022 (Newswire.com)
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    While world and business leaders recently converged at COP27 in Egypt making promises to fulfill climate commitments to their 2050 accord, EU based avionics company WeSky launched an innovation that will help the commercial airline industry fulfill theirs; its first of a kind in-seat power system which is the lightest in the world and helps to reduce fuel consumption and aircraft weight thus lowering carbon emissions for a typical single aisle commercial aircraft.

    The WeSky 60W USB Power Supply solution, recharge™️, is typically 70% lighter than existing equipment on the market. Other differentiations include increased flexibility and a faster delivery lead-time in light of current supply chain issues facing incumbent competitors.

    Based on research and typical aircraft performance “this new recharge™️ solution will reduce an Airbus 321 carbon footprint by 16 tonnes/year, compared to other products offered by industry leaders. This means a commercial carrier with a fleet of 50 can save 250 tonnes of fuel consumption per year while also reducing carbon emission by 800 tonnes,” said Vytis Petrusevicius, CEO and Founder of WeSky.

    With effective climate friendly solutions available, the aviation industry has an opportunity to put words into action and not only focus on a shift to using alternative and renewable fuels but also  benefit from the implementation of new equipment which promotes efficiency and helps the environment while also benefiting the consumer.

    “The impact of recharge™️ is extremely significant when you think about how the Aviation Industry can speed up adaptation with such innovation. WeSky hopes to lead in bringing new avionics products to the market that have climate and sustainability at its core. With USB-C common charger regulations taking effect for portable electronics, the airlines will have a reliable solution that reduces the passenger need of traveling with extra battery packs and adaptors which is a further benefit for aircraft efficiency and safety,” said Leslie C. Bethel, WeSky Co-founder and Board Member. 

    About WeSky

    Among many avionics innovations, WeSky develops a smart USB in-seat power solution called recharge™️ that allow commercial airlines to provide enhanced in-flight experiences and operating efficiency through lowering aircraft weight and fuel consumption. 

    WeSky was founded on the sole principle of developing aviation technology and innovation in electronics which can have a positive impact on operational efficiency while also helping legacy industries make immediate progress toward attaining their sustainable goals which is critical to our planet and survival.

    For product demo contact WeSky: info@wesky.aero or visit the website https://www.wesky.aero.

    ***

    For more information contact:

    Vytis Petrusevicius
    Founder and Head of Product Design WeSky UAB
    vytis@wesky.aero +44 (0) 77 217 18545

    Website: https://www.wesky.aero/recharge

    Source: WeSky

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  • KKR joins hands with decarbonisation platform Serentica Renewables to create new energy platform

    KKR joins hands with decarbonisation platform Serentica Renewables to create new energy platform

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    Global investment firm KKR and Vedanta Group’s arm Serentica Renewables have decided to create a new energy platform that would help large industrial clients decarbonise their businesses. The investment firm is expected to pump in a whopping $400 million in the platform.  Standard Chartered Bank will act as the sole financial advisor to Serentica for this transaction.

    Pratik Agarwal, Director of Serentica Renewables, said that the company is happy to have a like-minded strategic partner in KKR, which believes in its model of sustainable development. “This investment will allow us to leap ahead in our vision of decarbonizing large energy-intensive industries and help in reversing climate change.”

    Agarwal said  this transaction is among the largest industrial decarbonisation investments in India to date and carries forward the global decarbonization agenda, which is the focus at COP27.

    Serentica Renewables is wholly owned by Twinstar Overseas Limited (TSOL), which has controlling stakes in Sterlite Power Transmission Limited and Sterlite Technologies Limited. Both are held by Anil Agarwal family’s Volcan Investments.

    Hardik Shah, Partner at KKR, said that the investment in Serentica reflects KKR’s confidence in India’s renewable sector and its commitment to advancing the energy transition in India. “With Serentica, we look to support these companies in their decarbonisation objectives. We are delighted to back Serentica through this latest strategic partnership and are excited to develop Serentica into a leading decabonisation platform that can contribute meaningfully to the energy transition requirements that lie ahead of us.”

    An official statement said that since 2011, KKR has deployed over $15 billion in equity globally to invest in renewable assets, such as solar and wind, which have an operational power generation capacity of 23 GW, as of December 31, 2021.

    This is for the second time that KKR has teamed up with Sterlite Power Transmission. Earlier, it had invested in IndiGrid Investment Managers Ltd, an InvIT launched by Sterlite.

    Serentica currently has entered into three long-term PPAs and is in the process of developing 1,500 MW of solar and wind power projects across various states including Karnataka, Rajasthan, and Maharashtra. Serentica’s medium-term goal is to install 5,000 MW of carbon-free generation capacity coupled with different storage technologies and supply over 16 billion units of clean energy annually and displace 20 million tonnes of CO2 emissions.
     

    Also read: KKR invests $300 million in UPL’s Advanta Enterprises for a 13.33% stake

    Also read: As creator economy grows, this start-up helps creators monetise

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