MILPITAS, Calif.--(BUSINESS WIRE)--Nov 18, 2024--
TurnOnGreen, Inc. (OTC:TOGI) (“ TurnOnGreen ” or the “ Company ”), today announced that the Company has been awarded the contract for installation, operation, maintenance, and management of electric vehicle (“ EV ”) charging stations by the Livermore Valley Joint Unified School District (“ LVJUSD ”) in Livermore, California. Under the terms of the contract, TurnOnGreen will be responsible for the installation, operation, maintenance, and management of EV chargers at select LVJUSD campuses. The Company completed installation in July 2024 and activation in August 2024. In exchange for these responsibilities, TurnOnGreen will retain a percentage of recurring charging revenues for the duration of the contract and any extensions.
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The Company completed the first LVJUSD campus installation at Marylin Ave Elementary School in August 2024. The project features multiple high-power, networked EVP1100 Level 2 EV chargers that school district employees and the local community can activate using a smart phone app, RFID card, or scanning a unique QR code displayed on each EV charger. The Company collects fees for all paid sessions on the platform.
Upon successful installation and activation of the initial location, the Company will work with LVJUSD to secure funding for the installation and operation of EV charging infrastructure at three additional locations in the district.
“We are thrilled to work with the LVJUSD to provide their educators and local community with access to affordable and dependable EV charging services,” said TurnOnGreen President Marcus Charuvastra. “Providing EV charging infrastructure to the LVJUSD supports the adoption of electric mobility and will help the district transition to an electric future.”
Amos Kohn, the Company’s Chairman and Chief Executive Officer, added, “Working with public school districts is a key component of our growth, and will help support our recurring revenue verticals. We are steadfast in our quest to be the leader in workplace EV charging and sustainable energy infrastructure solutions for school districts of all sizes.”
TurnOnGreen offers scalable EV charging solutions to homes, businesses, and fleets across North America. The Company’s EV charging hardware, management software, and network services allow municipalities, businesses, and homeowners to monetize, track and report EV charger usage. TurnOnGreen charging systems maintain high standards in the market, are Energy Star Certified, and are backed by an internationally recognized certificate of safety and performance.
For more information on TurnOnGreen’s product line, please visit www.TurnOnGreen.com.
About TurnOnGreen
TurnOnGreen, Inc. (OTC: TOGI) designs and manufactures innovative, feature-rich, top-quality power products for mission-critical applications, lifesaving and sustaining applications spanning multiple sectors in the harshest environments. The diverse markets we serve include defense and aerospace, medical and healthcare, industrial, telecommunications, and e-mobility. TurnOnGreen brings decades of experience to every project, working with our clients to develop leading-edge products to meet a wide range of needs. TurnOnGreen headquarters are located in Milpitas, CA; www.TurnOnGreen.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q, and 8-K. All filings are available at www.sec.gov and the Company’s website at www.TurnOnGreen.com.
TurnOnGreen EV Charging Station Model EVP1100 Marylin Ave Elementary School, Livermore, CA ©All rights reserved @2023-2024 TurnOnGreen, Inc.
BAKU, Azerbaijan (AP) — United Nations climate talks resumed Monday with negotiators urged to make progress on a stalled-out deal that could see developing countries get more money to spend on clean energy and adapting to climate-charged weather extremes.
U.N. Climate Change executive secretary Simon Stiell called for countries to “cut the theatrics and get down to real business.”
“We will only get the job done if Parties are prepared to step forward in parallel, bringing us closer to common ground,” Stiell said to a room of delegates in Baku, Azerbaijan. “I know we can get this done.”
Climate and environment ministers from around the world have arrived at the summit to help push the talks forward.
“Politicians have the power to reach a fair and ambitious deal,” said COP29 President Mukhtar Babayev at a press conference at the venue. "They must deliver and engage immediately and constructively.”
Talks in Baku are focused on getting more climate cash for developing countries to transition away from fossil fuels, adapt to climate change and pay for damages caused by extreme weather. But countries are far apart on how much money that will require.
A group of developing nations last week put the sum at $1.3 trillion, while rich countries are yet to name a figure. Several experts estimated that the money needed for climate finance is around $1 trillion.
“We all know it is never easy in politics and in international politics to talk about money, but the cost of action today is, as a matter of fact, much lower than the cost of inaction,” said Wopke Hoekstra, the EU climate commissioner at press conference.
“We will continue to lead to do our fair share and even more than our fair share, as we’ve always done,” he said. But Hoekstra added that “others have a responsibility to contribute based on their emissions and based on their economic growth too.”
Teresa Anderson, the Global Lead on Climate Justice at ActionAid International, was skeptical about rich countries' intentions.
“The concern is that the pressure to add developing countries to the list of contributors is not, in fact, about raising more money for frontline countries,” Anderson said. "Rich countries are just trying to point the finger and have an excuse to provide less finance. That’s not the way to address runaway climate breakdown, and is a distraction from the real issues at stake.”
Rachel Cleetus from the Union of Concerned Scientists said $1 trillion in global climate funds "is going to look like a bargain five, 10 years from now.”
“We’re going to wonder why we didn’t take that and run with it,” she said, citing a multitude of costly recent extreme weather events from flooding in Spain to hurricanes Helene and Milton in the United States.
Robert Habeck, Germany’s climate and economic affairs minister said rich nations shouldn't try to stop developing nations from producing more energy, but it has to come from cleaner sources.
“They have the same right to create same work, same education and health system," he said. "On other hand, if we’re they are doing the same as we did for 100 years of burning fossil energy, that is completely messed up.”
Meanwhile, the world’s biggest decision makers are halfway around the world as another major summit convenes. Brazil is hosting the Group of 20 summit, which runs Nov. 18-19, bringing together many of the world's largest economies. Climate change — among other major topics like rising global tensions and poverty — will be on the agenda.
COP President Babayev said the world “cannot succeed” in its climate goals without G20 nations.
“We urge them to use the G20 meeting to send a positive signal of their commitment to addressing the climate crisis. We want them to provide clear mandates to deliver,” he said.
Harjeet Singh, global engagement director for the Fossil Fuel Non-Proliferation Treaty Initiative, said G20 nations “cannot turn their backs on the reality of their historical emissions and the responsibility that comes with it.”
"They must commit to trillions in public finance," he said.
Also on Monday, the Paris-based Organization for Economic Cooperation and Development has been mulling a proposal to cut public spending for foreign fossil fuel projects. The OECD — made up of 38 member countries including the United States, the United Kingdom, South Korea, Japan and Germany — are discussing a deal that could prevent up to $40 billion worth of carbon-polluting projects.
At COP29, activists are protesting the U.S., South Korea, Japan, and Turkey who they say are the key holdouts preventing the agreement in Paris from being finalized.
“It’s of critical importance that President Biden comes out in support. We know it’s really important that he lands a deal that Trump cannot undo. This can be really important for Biden’s legacy,” said Lauri van der Burg, Global Public Finance Lead at Oil Change international. “If he comes around, this will help mount pressure on other laggards including Korea, Turkey and Japan.”
Associated Press journalist Ahmed Hatem in Baku contributed to this report.
The Associated Press’ climate and environmental coverage receives financial support from multiple private foundations. AP is solely responsible for all content. Find AP’s standards for working with philanthropies, a list of supporters and funded coverage areas at AP.org.
Attendees sit during a break while at the COP29 U.N. Climate Summit, Monday, Nov. 18, 2024, in Baku, Azerbaijan. (AP Photo/Joshua A. Bickel)
Huang Jiangcheng, from China, left, and Fareed Mohammed Felemban, from Saudi Arabia, pose for photos after speaking at a youth session during the COP29 U.N. Climate Summit, Monday, Nov. 18, 2024, in Baku, Azerbaijan. (AP Photo/Rafiq Maqbool)
Wopke Hoekstra, EU climate commissioner, speaks during a news conference at the COP29 U.N. Climate Summit, Monday, Nov. 18, 2024, in Baku, Azerbaijan. (AP Photo/Sergei Grits)
Simon Stiell, United Nations climate chief, speaks ahead of a plenary session at the COP29 U.N. Climate Summit, Monday, Nov. 18, 2024, in Baku, Azerbaijan. (AP Photo/Rafiq Maqbool)
Activist Ann Carlotta Oltmanns, center, pretends to resuscitate Earth with others during a demonstration at the COP29 U.N. Climate Summit, Monday, Nov. 18, 2024, in Baku, Azerbaijan. (AP Photo/Peter Dejong)
Activist Friday Barilule Nbani leads a demonstration for clean energy at the COP29 U.N. Climate Summit, Monday, Nov. 18, 2024, in Baku, Azerbaijan. (AP Photo/Sergei Grits)
Mukhtar Babayev, COP29 President, bangs a gavel during a plenary session at the COP29 U.N. Climate Summit, Monday, Nov. 18, 2024, in Baku, Azerbaijan. (AP Photo/Rafiq Maqbool)
Attendees gather in the Moana Blue Pacific Pavilion at the COP29 U.N. Climate Summit, Monday, Nov. 18, 2024, in Baku, Azerbaijan. (AP Photo/Sergei Grits)
Yalchin Rafiyev, Azerbaijan's COP29 lead negotiator, attends a plenary session at the COP29 U.N. Climate Summit, Monday, Nov. 18, 2024, in Baku, Azerbaijan. (AP Photo/Rafiq Maqbool)
A demonstrators holds a sign that reads "don't burn our future" at the COP29 U.N. Climate Summit, Monday, Nov. 18, 2024, in Baku, Azerbaijan. (AP Photo/Peter Dejong)
Attendees arrive at the venue as it rains during the COP29 U.N. Climate Summit, Monday, Nov. 18, 2024, in Baku, Azerbaijan. (AP Photo/Peter Dejong)
Activists participate in a demonstration for climate finance at the COP29 U.N. Climate Summit, Monday, Nov. 18, 2024, in Baku, Azerbaijan. (AP Photo/Peter Dejong)
Arnold Jason Del Rosario leads a demonstration on climate finance at the COP29 U.N. Climate Summit, Monday, Nov. 18, 2024, in Baku, Azerbaijan. (AP Photo/Peter Dejong)
People arrive as it rains at the COP29 U.N. Climate Summit, Monday, Nov. 18, 2024, in Baku, Azerbaijan. (AP Photo/Rafiq Maqbool)
