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Chinese property worries turn to Kaisa as shares suspended over debt fears

Shares in the Chinese property company Kaisa were suspended from trading in Hong Kong, as fears mount that the firm may be unable to to make a $400m debt payment due on Thursday. Kaisa is a much smaller player than the troubled giant Evergrande, but also has high levels of foreign debt. Also today, we look at how the United Arab Emirates has changed its working week to Monday-Friday to align with other international business hubs.

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Vertiv Introduces Fully Populated, High-Density Lithium Battery Cabinets for Fast, Cost-Efficient Installation in HPC Data Centers

Meeting the urgent need for solutions supporting high-density
computing in increasingly crowded data center facilities, Vertiv a global provider of
critical digital infrastructure and continuity solutions, today introduced Vertiv™ EnergyCore battery
cabinets. Factory assembled with LFP (Lithium-Iron-Phosphate) battery modules and Vertiv’s
internally-powered battery management system, Vertiv EnergyCore cabinets are available globally
and are qualified for use with most current and legacy three-phase Vertiv™ uninterruptible power
supply (UPS) systems, including the recently launched Vertiv™ Trinergy™.

Vertiv EnergyCore cabinets are optimized for five minutes end-of-life runtime at 263kWb per each
compact, 24” wide (600mm) cabinet, and operate across a wide temperature range, making them
suitable for high-density environments. Lithium batteries are more compact and lighter than VRLA
alternatives, allowing users to deploy fewer battery cabinets in most applications. An internal two-
hole lug eliminates the need for a conduit box, and the cabinets require no on-site external control
wiring, reducing deployment time and cost compared to traditional on-site assembly. The cabinets
are equipped with Vertiv’s intuitive interactive touch screen HMI display to provide visibility and
control of the cabinet, operating system, and the installed batteries.

The integrated battery management system is powered by the Vertiv EnergyCore batteries,
removing the requirement for an external power source and simplifying installation. It provides
lifetime onboard data storage, tracking performance over battery charge-discharge cycles, service
events, and enabling accurate state-of-health reports that can be used for warranty support and
predictive analytics. Remote battery monitoring is available via Vertiv™ Alber™ Battery Xplorer
Enterprise.

“The proliferation of artificial intelligence and other high-performance computing applications is
putting a premium on the ability to deliver more power in smaller, hotter spaces,” said Milind
Paranjape, vice president of energy storage at Vertiv. “With our Vertiv EnergyCore battery cabinets,

we are delivering exactly what our customers and our industry need – compact, high-density energy
storage capable of operating safely and optimally. Simply put, these battery cabinets are designed
for the emerging mission-critical needs of high-density computing environments.”

The modular design of Vertiv™ Trinergy™ allows each UPS core to be paired with dedicated
Vertiv™ EnergyCore battery cabinets in a distributed architecture, enabling uninterrupted service for
critical applications. Due to the density of the Vertiv EnergyCore design, only two lithium-ion battery
cabinets are needed to support each 500kW Trinergy™ UPS core, versus the three cabinets that are
required by most suppliers.

Vertiv EnergyCore is UL 1973 listed and has been successfully tested for compliance to UL 9540A
standard for protection against thermal runaway fire propagation in battery energy storage systems,
which, according to NFPA 855 ESS installation standards, means the three feet (92cm) spacing
requirements between racks can be waived by the Authorities Having Jurisdiction. This can save
space and speed deployment.

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M42’s Environmental Sciences team wins Biotechnology – Environmental Services Award at Middle East Technology Excellence Awards 2024

M42’s Environmental Sciences team has won the prestigious Biotechnology – Environmental Services Award at the Middle East Technology Excellence Awards 2024 for its groundbreaking initiative, Pioneering Marine Conservation: Advanced Genomic Sequencing and AI for Sustainable Biodiversity Management.
The award was a collaborative achievement, as M42 worked closely with its partners, the Environment
Agency – Abu Dhabi (EAD) and Bayanat, a UAE-based company specializing in geospatial data analytics
and AI solutions. This partnership demonstrates how cross-disciplinary collaboration can tackle complex
environmental challenges, bringing together expertise in genomics, environmental science and data
analysis.
The award highlights M42’s innovative approach to marine conservation, utilizing cutting-edge genomic
sequencing and artificial intelligence (AI) technologies to monitor and manage marine ecosystems
sustainably. The project plays a vital role in protecting marine biodiversity by analyzing genetic data to
track species diversity and health while leveraging AI to predict and mitigate environmental threats. This
pioneering initiative is positioned to reshape the region’s approach to marine conservation, aligning
with global sustainability goals.
Commenting on the win, Dr. Wael Elamin, Medical Director, Environmental Sciences, M42 said: “We are
incredibly honored to receive this recognition. Our work in marine conservation is driven by a deep
commitment to sustainable environmental practices. Through the integration of genomic sequencing
and AI, we are creating more efficient and effective ways to preserve marine biodiversity, not just for
the UAE, but for the entire region and beyond. This award is a testament to our team’s dedication and
innovation. Our tech-enabled health solutions for people and the planet are enabling us to predict and
prevent health issues across the world and contribute to global efforts to counter the threats to our
oceans and environment.”
The team’s innovative project demonstrates the potential of biotechnology in environmental services
and reinforces M42’s commitment to reshaping the future of health in a sustainable manner with
technology as a key enabler. The award recognizes M42’s innovative use of AI-driven data analysis,
providing critical insights into marine ecosystem health, while supporting local and global efforts to
combat environmental degradation, aiming to make a lasting impact on biodiversity for generations to
come. The Middle East Technology Excellence Awards celebrate organizations that have made significant
strides in leveraging technology to drive transformation across industries. The awards highlight a diverse range of sectors and innovations, recognizing those at the forefront of technological advancement in the region.

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Green Mobility Hall at WETEX 2024 highlights the latest innovative solutions for green transport

The Green Mobility Hall at the Water, Energy, Technology and Environment Exhibition (WETEX) hosts
leading local and international companies specialising in mobility, transport and green mobility logistics. The Green Mobility Hall highlights the most prominent innovative solutions and practices that use the latest technologies in the individual and public sustainable transport sector. These solutions aim to reduce the operational and infrastructure costs of electric vehicles (EVs), improve energy and resource efficiency in transport and promote the use of hydrogen and low-emission or carbon-free fuels.
Dubai Electricity and Water Authority (DEWA) organises the 26th WETEX from 1 to 3 October 2024 at the Dubai World Trade Centre. “WETEX supports the National Electric Vehicles Policy, Dubai Green Mobility Strategy 2030 and the UAE’s
Net Zero 2050 Strategy. It also promotes the UAE’s leading position in the region in the adoption of EVs, as the UAE has one of the highest ratios of charging stations to EVs in the world. WETEX is a global platform to highlight the latest technologies in energy, water and the environment, as well as all the other sectors that contribute towards achieving net zero and reducing greenhouse gas emissions. According to the Sixth Assessment Report of the Intergovernmental Panel on Climate Change, 23% of net global GHG emission came annually from the transport sector, which generates (8.7 GtCO2-eq). WETEX contributes to achieving national and global climate aspirations to lower the carbon footprint in the transport sector and accelerate climate action,” said HE Saeed Mohammed Al Tayer, MD & CEO of DEWA and Founder and Chairman of WETEX.
“WETEX enhances DEWA’s role in encouraging the use of green and sustainable mobility, while strengthening the UAE and Dubai’s leadership in sustainable transport across the region. DEWA’s EV Green Charger initiative, launched in 2014, led to the creation of the region’s first public charging infrastructure for electric vehicles. The advanced green charging stations infrastructure in Dubai consists of more than 700 in collaboration with stakeholders, including around 400 Green Charging Stations operated by DEWA. This number will increase in the coming years. This includes around 400 Green Charging Stations operated by DEWA,” added Al Tayer.

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