NGPNGPđ Weirton and the entire surrounding area is a WOW in the fall! Our construction crew continues to push forward on Form Factory 1Â as the leaves in the valley turn bright orange and red all around.
You wouldnât be-leaf the progress on the construction site either. 60% of the buildingâs steel is now up. The buildingâs structure now has two floors, and pretty soon, weâll start installing glass in the front of the building.
Grateful to be building in beautiful Weirton! đ
MARINA DEL REY, Calif.–(BUSINESS WIRE)–Rubicon Carbon, a next generation carbon solutions provider, today announced a strategic partnership with CHOOOSE, a leading SaaS platform enabling businesses to integrate climate action into customer experiences through automation and reporting.
Together, CHOOOSE and Rubicon Carbon will offer an integrated suite of products and services â from precise emissions calculations and automated reporting to seamless transaction management â powered by CHOOOSE software and connected to Rubicon Carbonâs dynamic portfolio of carbon solutions.
The partnership will enable enterprises to leverage Rubicon Carbonâs risk adjusted framework and high integrity carbon credits when executing on their net zero ambitions. CHOOOSE APIs and white-labeled solutions will ensure seamless access to Rubicon Carbonâs diversified portfolio of carbon projects, further reducing risk for buyers and supporting a full suite of adjacent emissions calculation, reporting and transaction management services.
Among other initiatives, CHOOOSE and Rubicon Carbon will collaborate to provide curated portfolios of carbon removals that support the travel industry and others in accessing and utilizing a range of durable solutions. Through CHOOOSEâs aviation sector expertise and purpose-built software platform and Rubicon Carbonâs ability to offer curated portfolios of carbon removals, the partnership will provide clients with a wide range of options for taking action on their carbon footprints.
âCHOOOSE has joined forces with leading airlines to run multi-faceted, integrated, automated carbon programs that empower aviation customers to understand and act on the carbon impact of flying and that support these airlines in pursuing their own climate ambitions. Meanwhile, Rubicon Carbon has developed a broad set of carbon solutions and become a trusted partner to businesses making meaningful progress towards achieving net-zero emissions. By combining our expertise, we can reduce complexity, making cutting edge climate solutions more accessible, and develop strategic solutions that drive real change,â said Nina Birger, VP of Climate Solutions, CHOOOSE.
“We’re thrilled to partner with CHOOOSE, a true innovator and enabler of climate action. Our combined expertise will offer our customers an unparalleled ability to meet their voluntary net zero ambitions and compliance requirements with confidence and ease. While the aviation industry continues to accelerate the development of more sustainable fuels, high integrity carbon offsets will be a critical enabler of emissions reductions for global airlines until those fuels are ready to scale. We look forward to supporting this large and important sector through our partnership with CHOOOSE,” said Amit Kumar, Head of Partnerships, Rubicon Carbon.
About Rubicon Carbon:
With a vision to help the world’s largest enterprises meet their decarbonization goals, Rubicon Carbon works to meet the growing demand for high integrity carbon credits. Backed by TPG Rise Climate and led by top finance and science executives, Rubicon Carbon sources, validates, risk-adjusts and actively manages diversified carbon credit portfolios in both avoided emissions and removals categories. We bring enhanced transparency and quality controls to carbon credits so companies can navigate the process with confidence.
About CHOOOSE:
CHOOOSE⢠delivers a software platform that enables individuals and organizations to understand their carbon footprint and support trusted climate solutions. Leading companies in global travel and logistics â including dozens of airlines â run their voluntary and compliance-driven carbon programs on the CHOOOSE platform.
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Rubicon Carbon:
press@rubiconcarbon.com
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Rare earth magnets are critical enablers of the energy transition â but China controls the supply chain
Rare earth magnets enable the strongest, most efficient electric motors and generators, which are essential components in electric vehicles, wind turbines and a broad range of electrified industrial machinery. Electric motors currently consume over half of all electricity in the U.S. Global demand for rare earth magnets is expected to more than double over the next decade to support broad decarbonization and electrification of the economy.
Today, China controls over 85% of the mined-to-manufactured rare earth supply chain, which poses a major risk to U.S. energy transition ambitions and national security. The desire by both government entities and corporations to mitigate supply risk should drive demand for U.S. rare earth magnet production, and Noveon will be one of only a few domestic producers in this decade based on current announcements. Given the strategic importance of Noveonâs technology, the U.S. Department of Defense has issued over $35 million of grants to the company after vetting the technology.
Noveonâs proprietary technology creates a substantial moat, enhanced by its multi-year time-to-market advantage over competitors and U.S. manufacturing capabilities  Â
Noveonâs proprietary magnets represent the first significant innovation in rare earth magnet technology in the last 15+ years and the first high-performance magnets manufacturable from 100% recycled material. Noveon developed a patented technology and production process to cost-effectively produce high-performance rare earth magnets from either mined alloys (the traditional approach) or directly from recycled end-of-life magnetic materials. Importantly, Noveonâs ability to use end-of-life materials may allow for better margins than traditional magnet manufacturing and can mitigate exposure to upstream pricing and supply chain risk.
Noveon has completed extensive qualification processes with a number of high-volume customers, having first engaged with customers over three years ago to ensure offtake at initial commercial production. At close, Noveon had already constructed its first commercial scale manufacturing facility in San Marcos, Texas and is currently ramping production from its first line.
Noveonâs management team is uniquely qualified to execute the business plan
Noveon is led by a diverse, purpose-built team of magnet experts and engineers that have worked together over the past decade to innovate, develop and commercialize Noveonâs proprietary magnet and manufacturing technology. The teamâs domain expertise is both exceptional and rare in the Western hemisphere, which we believe is a clear competitive advantage for Noveon.
NGP is proud to partner with Noveon Magnetics
Weâre excited to support the Noveon team as they grow production to power an electrified, low-carbon future and strengthen our domestic supply chain.
âNoveon has a proven capability of sustainably manufacturing superior rare earth magnets, which are an essential component in a wide variety of industriesâespecially those focused on the beneficial usage and generation of electricity,â says James Wallis, Partner at NGP. âWeâre proud to partner with Noveon to help them scale their operations and provide their customers a reliable, high-quality supply alternative.â
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Learn more about Noveon Magnetics: https://noveon.co/
About NGP
NGP is a premier private equity firm that believes energy is essential to progress. Founded in 1988, NGP is moving energy forward by investing in innovation and empowering energy entrepreneurs in natural resources and energy transition. With over $20 billion of cumulative equity commitments, we back portfolio companies focused on responsibly solving and securing the energy needs of today and leading the way to a cleaner, more reliable, more affordable energy future.
For more information, visit www.ngpenergy.com.