Author: Web Desk

Multi-year agreement provides service solutions to the SunZia Transmission Project, linking New Mexico’s wind farms to Arizona’s grid, increasing renewable energy to Western States

Zurich, Switzerland, May 07, 2024 (GLOBE NEWSWIRE) — Hitachi Energy announced that it has signed a multi-year agreement with Pattern Energy to support its high-voltage direct current (HVDC) technologies for the SunZia Transmission Project. The link will connect the 3,515-megawatt (MW) SunZia Wind project in New Mexico to Arizona and Western states, which will be one of the world’s largest transmission links delivering renewable energy.

The long-term agreement will provide service solutions for the SunZia Transmission HVDC link, currently under construction¹, owned by Pattern Energy, one of the world’s largest privately-owned developers and operators of renewable energy and transmission projects. Hitachi Energy’s HVDC Light^® technology will efficiently transfer and integrate huge volumes of wind power over more than 885 kilometers (550 miles) into the regional power grid. This will significantly increase the availability of sustainable energy for homes and businesses throughout the region when it enters operation, which is expected in 2025.

EnCompass is Hitachi Energy’s portfolio of partnership-oriented service offerings, signaling a step-change in life cycle thinking. This order underlines Hitachi Energy’s commitment to trusted long-term partnerships and builds on its proven track record of delivering innovative and reliable energy service solutions ².

When complete, SunZia Wind will have a total power capacity of 3,515 MW, enough clean, renewable electricity to provide power to approximately three million Americans³. The HVDC link will efficiently transmit up to 3,000 MW of this power west to Arizona. The HVDC Light system will be the largest voltage source converter (VSC) installation in the United States, one of the largest worldwide, and one of the country’s longest HVDC connections.

“We’re proud to be selected once again to provide our unique service expertise to keep the important SunZia link operating at maximum efficiency, performance, and reliability,” said Andreas Berthou, global head of the HVDC business at Hitachi Energy. “With our service solutions, we are building a partnership ecosystem to ensure continued support to the HVDC link throughout its lifetime, delivering cutting edge digital service with sustainability and customer-value at its core.”

“The SunZia transmission and Wind projects provide a roadmap to accelerate the transition to renewable energy,” said Paul Haberlein, VP of Operational Excellence at Pattern Energy. “SunZia will play a vital role in delivering clean and sustainable energy to Western states. Pattern selected Hitachi Energy, a global technology leader, as our partner to engineer, manufacture and maintain the HVDC converter stations after they enter operation.”

Service for an HVDC system includes a wide range of activities and support, including scheduled maintenance, cyber services, on-site engineering support and life cycle assessment of the HVDC Light stations.

Hitachi Energy recognizes that the energy transition begins with existing infrastructure and the company is championing the urgency and the pace of change needed to reach Net Zero.  Leveraging on the company’s century of experience and expertise, its dedicated teams deliver exceptional service solutions that cover the entire life cycle of their customer’s assets, ensuring resilient operations. The company offers expert advice at every stage of the process across the whole portfolio, addressing both present and future needs to help customers achieve a sustainable energy future.

Hitachi Energy pioneered commercial HVDC technology 70 years ago and has delivered more than half of the world’s HVDC projects and has the largest installed base of HVDC in the world.

Notes to editors

1 https://www.hitachienergy.com/se/sv/about-us/customer-success-stories/sunzia
2 https://www.hitachienergy.com/services-and-consulting/services/encompass-agreements
3 https://sunzia.net/impact/

About Hitachi Energy 
Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We are advancing the world’s energy system to be more sustainable, flexible and secure and we collaborate with customers and partners to enable a sustainable energy future – for today’s generations and those to come. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries, serving customers in utility, industry, transportation, data centers and infrastructure sectors. With innovative technologies and services including the integration of more than 150 gigawatts of HVDC links into the power system, we help make the energy value chain more efficient, making electricity more accessible to all. Together with stakeholders across sectors and geographies, we enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future. Headquartered in Switzerland, we employ around 45,000 people in 90 countries and generate business volumes of around $13 billion USD.

https://www.hitachienergy.com
https://www.linkedin.com/company/hitachienergy
https://twitter.com/HitachiEnergy

About Hitachi, Ltd.
Hitachi drives Social Innovation Business, creating a sustainable society through the use of data and technology. We solve customers’ and society’s challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products. Hitachi operates under the 3 business sectors of “Digital Systems & Services” – supporting our customers’ digital transformation; “Green Energy & Mobility” – contributing to a decarbonized society through energy and railway systems, and “Connective Industries” – connecting products through digital technology to provide solutions in various industries. Driven by Digital, Green, and Innovation, we aim for growth through co-creation with our customers. The company’s revenues as 3 sectors for fiscal year 2023 (ended March 31, 2024) totaled 8,564.3 billion yen, with 573 consolidated subsidiaries and approximately 270,000 employees worldwide. For more information on Hitachi, please visit the company’s website at https://www.hitachi.com.

Attachment

• SunZia_transmission_project_map

Kurt Steinert
Hitachi Energy North America
rebecca.bleasdale@hitachienergy.com

Global Media Relations
Hitachi Energy
media.relations@hitachienergy.com

GlobeNewswire Distribution ID 9112623

Multi-year agreement provides service solutions to the SunZia Transmission Project, linking New Mexico’s wind farms to Arizona’s grid, increasing renewable energy to Western States

Zurich, Switzerland, May 07, 2024 (GLOBE NEWSWIRE) — Hitachi Energy announced that it has signed a multi-year agreement with Pattern Energy to support its high-voltage direct current (HVDC) technologies for the SunZia Transmission Project. The link will connect the 3,515-megawatt (MW) SunZia Wind project in New Mexico to Arizona and Western states, which will be one of the world’s largest transmission links delivering renewable energy.

The long-term agreement will provide service solutions for the SunZia Transmission HVDC link, currently under construction¹, owned by Pattern Energy, one of the world’s largest privately-owned developers and operators of renewable energy and transmission projects. Hitachi Energy’s HVDC Light^® technology will efficiently transfer and integrate huge volumes of wind power over more than 885 kilometers (550 miles) into the regional power grid. This will significantly increase the availability of sustainable energy for homes and businesses throughout the region when it enters operation, which is expected in 2025.

EnCompass is Hitachi Energy’s portfolio of partnership-oriented service offerings, signaling a step-change in life cycle thinking. This order underlines Hitachi Energy’s commitment to trusted long-term partnerships and builds on its proven track record of delivering innovative and reliable energy service solutions ².

When complete, SunZia Wind will have a total power capacity of 3,515 MW, enough clean, renewable electricity to provide power to approximately three million Americans³. The HVDC link will efficiently transmit up to 3,000 MW of this power west to Arizona. The HVDC Light system will be the largest voltage source converter (VSC) installation in the United States, one of the largest worldwide, and one of the country’s longest HVDC connections.

“We’re proud to be selected once again to provide our unique service expertise to keep the important SunZia link operating at maximum efficiency, performance, and reliability,” said Andreas Berthou, global head of the HVDC business at Hitachi Energy. “With our service solutions, we are building a partnership ecosystem to ensure continued support to the HVDC link throughout its lifetime, delivering cutting edge digital service with sustainability and customer-value at its core.”

“The SunZia transmission and Wind projects provide a roadmap to accelerate the transition to renewable energy,” said Paul Haberlein, VP of Operational Excellence at Pattern Energy. “SunZia will play a vital role in delivering clean and sustainable energy to Western states. Pattern selected Hitachi Energy, a global technology leader, as our partner to engineer, manufacture and maintain the HVDC converter stations after they enter operation.”

Service for an HVDC system includes a wide range of activities and support, including scheduled maintenance, cyber services, on-site engineering support and life cycle assessment of the HVDC Light stations.

Hitachi Energy recognizes that the energy transition begins with existing infrastructure and the company is championing the urgency and the pace of change needed to reach Net Zero.  Leveraging on the company’s century of experience and expertise, its dedicated teams deliver exceptional service solutions that cover the entire life cycle of their customer’s assets, ensuring resilient operations. The company offers expert advice at every stage of the process across the whole portfolio, addressing both present and future needs to help customers achieve a sustainable energy future.

Hitachi Energy pioneered commercial HVDC technology 70 years ago and has delivered more than half of the world’s HVDC projects and has the largest installed base of HVDC in the world.

Notes to editors

1 https://www.hitachienergy.com/se/sv/about-us/customer-success-stories/sunzia
2 https://www.hitachienergy.com/services-and-consulting/services/encompass-agreements
3 https://sunzia.net/impact/

About Hitachi Energy 
Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We are advancing the world’s energy system to be more sustainable, flexible and secure and we collaborate with customers and partners to enable a sustainable energy future – for today’s generations and those to come. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries, serving customers in utility, industry, transportation, data centers and infrastructure sectors. With innovative technologies and services including the integration of more than 150 gigawatts of HVDC links into the power system, we help make the energy value chain more efficient, making electricity more accessible to all. Together with stakeholders across sectors and geographies, we enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future. Headquartered in Switzerland, we employ around 45,000 people in 90 countries and generate business volumes of around $13 billion USD.

https://www.hitachienergy.com
https://www.linkedin.com/company/hitachienergy
https://twitter.com/HitachiEnergy

About Hitachi, Ltd.
Hitachi drives Social Innovation Business, creating a sustainable society through the use of data and technology. We solve customers’ and society’s challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products. Hitachi operates under the 3 business sectors of “Digital Systems & Services” – supporting our customers’ digital transformation; “Green Energy & Mobility” – contributing to a decarbonized society through energy and railway systems, and “Connective Industries” – connecting products through digital technology to provide solutions in various industries. Driven by Digital, Green, and Innovation, we aim for growth through co-creation with our customers. The company’s revenues as 3 sectors for fiscal year 2023 (ended March 31, 2024) totaled 8,564.3 billion yen, with 573 consolidated subsidiaries and approximately 270,000 employees worldwide. For more information on Hitachi, please visit the company’s website at https://www.hitachi.com.

Attachment

• SunZia_transmission_project_map

Kurt Steinert
Hitachi Energy North America
rebecca.bleasdale@hitachienergy.com

Global Media Relations
Hitachi Energy
media.relations@hitachienergy.com

GlobeNewswire Distribution ID 9112623

New release empowers IP professionals with enhanced operational efficiency and functionality

BOSTON, May 07, 2024 (GLOBE NEWSWIRE) — Anaqua, the leading provider of innovation and intellectual property (IP) management technology, today announces the launch of PATTSY WAVE Version 8, the latest release of the patent and trademark management software. With this announcement, PATTSY WAVE Version 8 offers a streamlined IP management experience for IP professionals in corporations and law firms focused on efficient task execution.

Created to simplify workflows, mitigate risk, and elevate accuracy, Version 8’s new components help IP professionals manage their portfolios with greater precision and ease. New capabilities include:

• Inventor Portal: A cutting-edge tool that enhances collaboration between inventors and legal teams. The Inventor Portal streamlines the invention disclosure process with customizable, no-code questionnaires, intuitive tracking mechanisms for inventor awards, and automated workflows for legal processing.
• APIs: PATTSY WAVE’s APIs will provide a standard, reliable mechanism to share data with external applications. Clients will be able to retrieve bibliographic and action data from any of PATTSY WAVE’s primary modules.
• Unlimited Parties & Customizable Roles: Users can now assign an unlimited number of responsible parties to any matter. Teams can also define roles applicable to their organization and create specialized roles associated with Action Categories.

PATTSY WAVE Version 8 also includes enhanced user experience and functionality with expanded data validation to provide global coverage and detailed assignment history, ensuring a comprehensive and intuitive system for all.

“With the release of PATTSY WAVE Version 8, Anaqua continues our commitment to empowering intellectual property professionals with innovative solutions that enhance efficiency, reduce risk, and drive productivity,” said Bob Romeo, CEO at Anaqua. “Version 8 is the ideal solution for IP professionals seeking a modern, integrated tool to drive their IP operations with speed, accuracy and control.”

For more information about PATTSY WAVE Version 8 and its latest features, visit anaqua.com/pattsy-wave/.

About Anaqua

Anaqua, Inc. is a premier provider of integrated intellectual property (IP) management technology solutions and services for corporations and law firms. Its IP management software solutions, AQX^® and PATTSY WAVE^®, both offer best practice workflows with big data analytics and tech-enabled services to create an intelligent environment designed to inform IP strategy, enable IP decision-making, and streamline IP operations, tailored to each segment’s need. Today, nearly half of the top 100 U.S. patent filers and global brands, as well as a growing number of law firms worldwide use Anaqua’s solutions. Over one million IP executives, attorneys, paralegals, administrators, and innovators use the platform for their IP management needs. The company’s global operations are headquartered in Boston, with offices across the U.S., Europe, Asia, and Australia. For additional information, please visit anaqua.com, or on Anaqua’s LinkedIn.

Company Contact:
Amanda Glagolev
Director, Communications
Anaqua
617-375-5808
aglagolev@anaqua.com

GlobeNewswire Distribution ID 9112617

Financing led by SR One, NEA, Norwest Venture Partners, and Delos Capital with significant participation from Enavate Sciences, Longitude Capital, and other new and existing investors

Proceeds to support ongoing mid- to late-stage clinical development programs for Company’s lead I&I product candidate, obexelimab

WALTHAM, Mass., May 07, 2024 (GLOBE NEWSWIRE) — Zenas BioPharma, a global biopharmaceutical company committed to becoming a leader in the development and commercialization of inflammation and immunology-directed therapies, today announced the closing of an upsized $200 million Series C preferred stock financing. The financing round was led by SR One along with NEA, Norwest Venture Partners, and Delos Capital with significant participation from Enavate Sciences and Longitude Capital. Additional new investors, the Federated Hermes Kaufmann Funds, and Arrowmark Partners, along with existing investors, Fairmount, Wellington Management, Rock Springs Capital, Pivotal bioVenture Partners, Vivo Capital, Quan Venture Fund, and Superstring Capital participated in the financing. In conjunction with the financing, Jake Nunn, venture partner at SR One, and Tim Xiao, Partner at Delos Capital, joined Zenas’ Board of Directors.

Proceeds will support ongoing mid- to late-stage clinical development programs for the Company’s lead product candidate, obexelimab, a bifunctional monoclonal antibody designed to bind both CD19 and FcγRIIb to inhibit the activity of B cells, plasmablasts, and CD19-expressing plasma cells.

The obexelimab clinical programs include an ongoing Phase 3 registration-directed trial in IgG4-Related Disease, two planned Phase 2 randomized controlled trials in Multiple Sclerosis and Systemic Lupus Erythematosus, and an ongoing open label Phase 2 trial in Warm Autoimmune Hemolytic Anemia.

“We are pleased and appreciative of the support we have received from this group of tremendous life sciences investors as we advance the ongoing obexelimab development program across multiple auto-immune diseases,” said Lonnie Moulder, Founder and Chief Executive Officer of Zenas BioPharma. “Their commitment to Zenas is a testament to our vision to be a global leader in bringing innovative immunology-based therapies to patients around the world. This financing enables us to complete multiple potentially value driving clinical programs.”

“We are excited to support Zenas’ continued progress toward its goal of becoming a global leader in innovative immunology-based therapies, and we are confident in the capabilities of this exceptional team to advance the comprehensive development program for obexelimab across multiple potential indications,” said Jake Nunn, venture partner at SR One. “At SR One, we invest in companies like Zenas whose science has the potential to rewrite the medical textbooks and meaningfully transform patient care. We are proud to serve as lead investor alongside an exceptional syndicate and look forward to supporting Zenas in advancing a pipeline of innovative new therapeutic approaches for patients living with inflammatory and immune-mediated diseases.”

About Obexelimab

Obexelimab is a bifunctional monoclonal antibody designed to bind both CD19 and FcγRIIb to inhibit B-lineage cell activity.  Obexelimab has demonstrated clinical activity and was well-tolerated in five clinical trials, including in several autoimmune diseases, in which 198 subjects were dosed. In these clinical studies, obexelimab demonstrated inhibition of B cell function without depleting the cells, resulting in encouraging treatment effect in patients with various autoimmune diseases. Zenas acquired exclusive worldwide rights to obexelimab from Xencor, Inc. Obexelimab is currently being studied in a global Phase 3 clinical study in patients with IgG4-Related Disease and a global Phase 2/3 study in patients with Warm Autoimmune Hemolytic Anemia (wAIHA). Clinical development of obexelimab for Multiple Sclerosis and Systemic Lupus Erythematosus is under way.

More information on the Phase 3 (INDIGO) study for the treatment of IgG4-Related Disease is available at clinicaltrials.gov: NCT05662241. More information on the Phase 2/3 (SApHiAre) study for the treatment of wAIHA is available at clinicaltrials.gov: NCT05786573.

About Zenas BioPharma

Zenas BioPharma is a clinical-stage global biopharmaceutical company committed to becoming a leader in the development and commercialization of inflammation and immunology (I&I) directed therapies for patients in need around the world. With clinical development capabilities and operations globally, Zenas is advancing a portfolio of potentially differentiated autoimmune therapeutics in areas of high unmet medical need. Zenas’ experienced leadership team and network of business partners drive operational excellence to deliver potentially transformative therapies to improve the lives of those facing autoimmune and rare diseases. For more information about Zenas BioPharma, please visit www.zenasbio.com and follow us on X at @ZenasBioPharma and LinkedIn.

About SR One

SR One is a transatlantic biotechnology venture capital firm that collaborates with entrepreneurs and investment partners in an effort to build elite biotechnology companies. The Company’s mission is to translate innovative technologies and scientific discoveries into next-generation medicines with the potential to benefit patients with significant unmet medical needs. SR One leadership has worked together to build and invest in biotechnology companies for more than a decade. Working alongside the investment team, SR One’s venture partners bring deep operational experience to help company creation initiatives and support portfolio companies with financing and corporate strategies. SR One has offices in Redwood City, CA, and Philadelphia, PA, in the US and London in the UK. For more information, please visit www.srone.com.

About NEA

New Enterprise Associates, Inc. (NEA) is a global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. Founded in 1977, NEA has over $25 billion in assets under management as of December 31, 2023, and invests in technology and healthcare companies at all stages in a company’s lifecycle, from seed stage through IPO. The firm’s long track record of investing includes more than 270 portfolio company IPOs and more than 450 mergers and acquisitions. For more information, please visit www.nea.com.

About Norwest Venture Partners

Norwest Venture Partners is a global venture and growth equity investment firm managing more than $15.5 billion in capital. Since its inception, Norwest has invested in more than 700 companies and currently partners with more than 230 companies in its venture and growth equity portfolio. The firm invests in early- to late-stage businesses across key sectors with a focus on enterprise, consumer and healthcare. The Norwest team offers a deep network of connections, extensive operating experience, and a wide range of impactful services to help CEOs and founders scale their businesses. Norwest has offices in Menlo Park and San Francisco, Calif.; Mumbai, India; and Tel Aviv, Israel. For more information, please visit www.nvp.com.

About Delos Capital

Delos Capital is a life sciences investment firm that partners with extraordinary teams pursuing breakthrough medicines that meaningfully improve the lives of patients. We are a collaborative, global team of seasoned biotech investors, company-builders, operators, and industry analysts, and we aim to serve the companies into which we invest by bringing both capital and substantive biotech expertise. We have designed, built, financed, and supported both novel platforms and approved medicines that strengthen hundreds of millions of lives across the world. Our global team is spread across offices in Cambridge, MA and in East Asia, allowing us to blend deep experiences operating at the epicenter of global biotech venture with proprietary insights into innovations from emerging biotech clusters. Delos Capital currently manages three funds, with ~US$600 million in total capital under management. For more information, please visit www.deloscapital.com.

Investor and Media Contact:
Argot Partners
Zenas@argotpartners.com

GlobeNewswire Distribution ID 9111837