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Enernet Global Signs Power Purchase Agreement for 12MW Solar With Vedanta Zinc International in South Africa

CAPE TOWN, South Africa, Sept. 07, 2023 (GLOBE NEWSWIRE) — Independent Power Producer Enernet Global (Enernet) has signed a Power Purchase Agreement (PPA) to build, own, operate and maintain a 12MW DC solar Photovoltaic (PV) plant with Vedanta Zinc International's (VZI) Black Mountain Mining operations in the Northern Cape, South Africa.

The plant will generate approximately 29 gigawatt hours of electricity annually, substituting a portion of the current Eskom supply. This will reduce carbon emissions by circa 12,244 tonnes per annum compared to Eskom supply. Construction is expected to start in the first quarter of 2024 and take approximately 9 months to complete. The Project will also generate direct and indirect employment within the Khi–Ma municipal area and Namakwa District, both in the construction and 25–year operational tenor of the plant.

Enernet owns and operates hybrid power systems for mining and industrial companies designed to lower costs, reduce emissions and improve reliability. The company has over 140MW of capacity in operation, construction, contracted or awarded of which 60MW is located in Africa.

"We are excited to be Vedanta's long–term partner for power on their decarbonisation journey, working together on the roadmap, phasing and roll–out of renewables," said Bart Haverkamp, Enernet's Managing Director, Africa.

"ESG is the key focus at VZI. In line with our agenda to transform the planet for the greater good, we have committed to reducing carbon emissions by 35ktons and installing 76% renewable energy by 2027. Our goal is carbon neutrality by 2040. We are excited to partner with Enernet as this 12MW solar energy project, which will reduce emissions and enhance energy reliability and security," says Pushpender Singla, VZI Executive Director & CFO.

VZI has further plans to decarbonize its operations through its Renewables Energy Programme and will progress into Phase 2 which will encompass the wheeling of energy from offsite generation, across the Eskom transmission line, to offset its Gamsberg Mining operation. Phase 3 is aimed at the expansion of Gamsberg Phase II and is in its initial stages.

Paul Matthews, Enernet's CEO, added "As a specialist hybrid power company for mining and industrial companies in Africa, Australia and the Caribbean, we are honoured to be working with Vedanta. It is encouraging to see more and more mining companies taking the steps towards decarbonisation and achieving net zero objectives."

Singla concludes: "We are excited at the commencement of our decarbonization journey towards carbon neutrality, green zinc, and upholding our envisaged ESG commitments which will create opportunities for and develop the communities in which we operate."

About Enernet Global Inc

Enernet Global's mission is to decarbonise the world's supply chains. It owns and operates hybrid power systems and drives the adoption of renewable energy, battery storage and energy efficiency solutions that displace CO2"emissions and reduce power costs. Built on the company's proprietary ARC software platform, Enernet Global's Energy–as–a–Service offering benefits on and off–grid customers by providing less expensive, more resilient power solutions at no capital outlay for customers.

Enernet has operations in Sub–Saharan Africa, Australia and the Caribbean, where it focuses on power solutions for customers in the metals and minerals, commercial and industrial and agriculture sectors.

Media contact:
Bart Haverkamp
Managing Director, Africa
Enernet Global Inc.
Office: 3 East 80th Street, New York, NY 10075
Email:"bhaverkamp@enernetglobal.com


GLOBENEWSWIRE (Distribution ID 8918857)

Enernet Global completes rapid delivery of 4MW start-up power generation for off-grid smelting facility in South Africa and is on track to deliver full hybrid solar and battery storage system to reduce emissions

JOHANNESBURG, South Africa, April 10, 2023 (GLOBE NEWSWIRE) — Enernet Global (“Enernet”) remains on–track to deliver a full–hybrid system for the Ironveld Smelting (“Ironveld”) Rustenburg smelter complex in South Africa, having already provided start–up generation required.

Following the successful implementation of a 1MW temporary power plant commissioned in late 2022, Enernet has deployed the first of four stages of power upgrades for the Ironveld. The first stage involves a 4MW power plant that enabled "Hot Commissioning' of the first of three planned operating furnaces. This process included smelting of test quantities of magnetite ore in order to produce HPI and titanium slag. Working in a close partnership with Ironveld and their sub–contractors, Enernet managed the rapid delivery of the first stage power with no safety or environmental incidents. Despite the inherent challenges of labour and equipment shortages due to countrywide stage four load shedding, the project was completed in less than 10 days.

Delivering the fast–tracked power involved road freight conveys from Johannesburg, a 90–tonne crane and a site crew of up to 20 working around the clock to deliver the much needed power in a record time. Enernet's Vice President Engineering, Dusan Nikolic led the onsite pre–delivery electrical safety tests and inspections. “The delivery of stage one power was a combined effort between Ironveld and Enernet, the quality and speed at which the work was completed is a testament to how well the two companies worked together as a team.”

Enernet are now progressing multiple work packages in preparation for the future stages of power upgrades which will boost the on–site power capacity for the operation of three of the furnaces). These upgrades will enable the smelter complex to process approximately 40,000 tonnes of Ironveld's magnetite ore per annum which, in turn, will provide 20,000 tonnes of high purity iron, 190 tonnes of vanadium in slag; and 3,800 tonnes of titanium in slag.

Ironveld Smelting's CEO, Thamaga Mphahlele, commented “Our partnership with Enernet is working extremely well and is provides us with the confidence we need execute our expansion plans over the coming months.”

Imminently, work will begin on the design and construction of both rooftop and ground mounted solar power systems with a combined capacity of 6MW, for which Enernet's power engineers are working with South African–based contractors.

The final stage of power implementation will comprise a hybrid of energy technologies including solar power, a battery energy storage and clean burn, liquefied natural gas generators.

The solar system, battery storage and LNG generators will be fully–funded by Enernet and once operational, power will be purchased by Ironveld under a 20–year energy services agreement. “The team at Ironveld have a 'can do' mindset which aligns with our business culture and has been key to completing the project milestones safely and on time,” Enernet's Business Development Manager, Martin Smith concluded.

About Enernet Global Inc
Enernet Global is a distributed energy service provider that finances, builds, owns and operates microgrids and drives the adoption of renewable energy, battery storage and energy efficiency solutions that displace CO2 emissions. Built on the company's proprietary software platform, Enernet Global's Energy–as–a–Service offering benefits on and off–grid customers by providing less expensive, more resilient power solutions at no capital outlay for customers.

Enernet has operations in Australia, the Philippines, the Caribbean and Sub–Saharan Africa, where it focuses on power solutions for sectors that include island development, mining, commercial and industrial, remote communities, agriculture, utilities and hospitality.

About Ironveld
Ironveld (IRON.LN) is the owner of Mining Rights over approximately 28 kilometres of outcropping Bushveld magnetite with a SAMREC compliant ore resource of some 56 million tons of ore grading 1,12% V2O5, 68,6% Fe2O3 and 14,7% TiO2. In 2022 Ironveld agreed to acquire and refurbish a smelter facility in Rustenburg, South Africa, in which it can process its magnetite ore into the marketable products of high purity iron, titanium slag and vanadium slag.

Media contact:
Paul Matthews
Chief Executive Officer
Enernet Global Inc.
Office: 3 East 80th Street, New York, NY 10075
Contact number: +1 541 292 6422
Email: pmatthews@enernetglobal.com


GLOBENEWSWIRE (Distribution ID 8804745)

Enernet Global selected to build, own and operate hybrid power plant for Global Atomic’s Dasa mine in Niger

JOHANNESBURG, South Africa, July 22, 2022 (GLOBE NEWSWIRE) — Enernet Global Inc. ("Enernet"), a leading hybrid independent power producer, has commenced early engineering for a hybrid power plant for the Dasa Project currently under development by Global Atomic Corporation ("GLO"). Upon completion, Enernet will build, own, operate and maintain the hybrid power plant at the Dasa site in the Republic of Niger.

The early engineering works include solution optimization, equipment selection, preliminary design and configuration of the Sonichar grid network connection. This agreement enables the parties to engage collaboratively and builds certainty into GLO's project budget and program. Enernet will complete the early engineering in late 2022 following which the construction phase of the power plant is scheduled to begin.

Once operating, the mine will require 12 MW of consistent power and Enernet will deliver a hybrid power plant including 16 MW solar, 15 MW battery energy storage, a 16 MW back–up diesel generation plant and advanced controls integrated with grid power provided by the Niger Government owned Sonichar utility. The system will provide approximately 35% of power requirements from renewables, making Dasa one of the greenest operations in Africa, abating 27,000 tonnes of CO2e per annum.

Enernet is focused on decarbonizing the world's supply chains and will own and operate a hybrid plant that meets GLO's energy needs while maximizing renewable generation at no capital cost to GLO. The project will be delivered by Enernet's Africa team, headquartered in Johannesburg. Enernet also has operations in Australia, Caribbean and the Philippines and works across mining, commercial and industrial, island development and remote community projects.

Stephen Roman, Chairman and CEO of Global Atomic commented, "Our commitment to a cleaner and greener environment is absolute. At the Dasa Project, the flagship of our uranium division, we will produce uranium for nuclear power generation and to help countries reach their zero carbon targets. We are committed to develop Dasa as the largest and highest grade uranium producer in Africa and Enernet will help us to become one of the mining industry's leaders in low emissions. Enernet's approach will help reduce our up–front capital costs, support Niger by engaging its state–owned utility Sonichar as our primary energy source, introduce solar as a legacy to the region and utilize our own generators as a backup for the health and safety of our workers and to assure our investors that we will be able to operate continuously without interruption."

"We are honoured to work with Global Atomic on this journey and salute their commitment to a low–carbon future. This will be one of the greenest operations in sub–Saharan Africa," said Paul Matthews, Enernet's CEO. "This is another big step by our Africa team to deliver sustainable, renewable projects and drive toward our vision to decarbonize supply chains around the world."

Matthew Silvester, Enernet's Director of Development for Africa, added, "We are excited to begin engineering works, with start–up generation scheduled in 2022 and the hybrid plant to be delivered in 2023. This marks another major step towards green generation as a standard in Africa and brings benefits to the customer, the local community and shareholders."

About Enernet Global Inc
Enernet Global is a distributed energy service provider that finances, builds, owns and operates microgrids and drives the adoption of renewable energy, battery storage and energy efficiency solutions that displace CO2 emissions. Built on the company's proprietary software platform, Enernet Global's Energy–as–a–Service offering benefits on and off–grid customers by providing less expensive, more resilient power solutions at no capital outlay for customers.

Enernet has operations in Australia, the Philippines, the Caribbean and Sub–Saharan Africa, where it focuses on power solutions for sectors that include island development, mining, commercial and industrial, remote communities, agriculture, utilities and hospitality.

About Global Atomic
Global Atomic Corporation (www.globalatomiccorp.com) is a publicly listed company ("Global Atomic" or the "Company"; TSX: GLO; Frankfurt: G12; OTCQX: GLATF) which provides a unique combination of high–grade uranium mine development and cash–flowing zinc concentrate production.

The Company's Uranium Division includes four deposits with the flagship project being the large, high–grade Dasa Project, discovered in 2010 by Global Atomic geologists through grassroots field exploration. With the issuance of the Dasa Mining Permit and an Environmental Compliance Certificate by the Republic of Niger, the Dasa Project is fully permitted for commercial production. The Phase 1 Feasibility Study for Dasa was filed in December 2021 and estimates Yellowcake production to commence by the end of 2024. Mine excavation began in Q1 2022.

Media contact:
Paul Matthews
Chief Executive Officer
Enernet Global Inc.
Office: 3 East 80th Street, New York, NY 10075
Contact number: +1 541 292 6422
Email: pmatthews@enernetglobal.com

Global Atomic Key Contacts:

Stephen G. Roman
Chairman, President and CEO
Tel: +1 (416) 368–3949
Email: sgr@globalatomiccorp.com		 Bob Tait
VP Investor Relations
Tel: +1 (416) 558–3858
Email: bt@globalatomiccorp.com


Enernet Global acquires KPS Power Africa

NEW YORK, Nov. 22, 2021 (GLOBE NEWSWIRE) — Enernet Global Inc. ("Enernet"), a distributed energy service company whose mission is to decarbonise the world's supply chains, acquired KPS Power Africa ("KPSPA") to accelerate presence in African mining.

Enernet's global footprint enables it to provide tailored energy solutions for mining, commercial, industrial, remote community and utility customers across its operations in Australia, the Philippines, the Caribbean and Sub–Saharan Africa. KPSPA finances, builds, owns and operates hybrid power plants for the mining sector in Africa. The transaction provides Enernet with a portfolio of projects and expert team to rapidly scale the business.

"The combination of KPS Power Africa's deep roots in mining and power in Africa combined with Enernet's world–leading expertise on renewable hybrid plants and competitive capital enables us to bring a unique solution to mines across Africa," said Paul Matthews, Enernet and KPSPA's CEO. "Mines are under increasing pressure to reduce scope 1, 2 and 3 emissions and their CEOs must report to investors and the market on their ambitions to reduce CO2. Together, we finance, build and operate cheaper, cleaner and more reliable power solutions for customers across Sub–Saharan Africa."

"The acquisition of KPSPA by Enernet Global is a great strategic move which allows both companies to advance hybrid power generation within mining in Africa. KPSPA has increased its exposure to the renewable energy market and Enernet Global its presence in the African mining industry, which is ideally positioned for renewable hybrid system," said Ben Zikmundovsky, KPSPA's General Manager.

Enernet and KPSPA deploy distributed on– and off–grid generation projects that integrate renewable energy, battery storage, cogeneration and existing thermal or grid supply. System design and operational optimization are underpinned by Enernet's patented technology platform.

Selling energy and services through power purchase agreements, systems are delivered at no capital cost to customers and tailored to their specific energy needs. This lowers costs, adds energy resilience and independence, and dramatically reduces emissions mines in Africa.

About Enernet Global Inc ("Enernet")
Enernet is a distributed energy service provider that finances, builds, owns and operates microgrids and drives the adoption of renewable energy, battery storage and energy efficiency solutions that displace CO2 emissions. Built on the company's proprietary software platform, Enernet's Energy–as–a–Service offering benefits on– and off–grid customers by providing less expensive, more resilient power solutions at no capital outlay for customers.

Enernet has operations in Australia, the Philippines, the Caribbean and Sub–Saharan Africa, where it focuses on power solutions for sectors that include island development, mining, commercial and industrial, remote communities, agriculture, utilities and hospitality.

About KPS Power Africa ("KPSPA")
KPS Power Africa specialises in designing, building, owning and operating power stations for African mining operations. As a leading contract power supplier to the mining sector, KPSPA provides independent power generation services with the benefit of over 30 years' experience in African mining.

Servicing all of Africa, KPSPA's purpose–built power generation systems include design, construction, operation and maintenance, reducing customers' capital and maintenance requirements. Capabilities and expertise cover multiple technologies and deliver benchmark reliability and fuel efficiency for our customers' mining operations.

Media contact:
Paul Matthews
Enernet Global Inc.
Office: +1 541 292 6422
Email: pmatthews@enernetglobal.com


GLOBENEWSWIRE (Distribution ID 8396748)