Attorneys General in GOP-led states have introduced a bill to prevent President Biden's student loan debt forgiveness program from helping millions of Americans. Why are they doing this, and can they succeed?
What is President Biden's student loan forgiveness program?
President Biden's Student Loan Forgiveness Program would allow millions of Americans with student loan debt to have their payments reduced or eliminated. This program would be available to borrowers with outstanding loans to have $10,000 to $20,000 of their debt canceled, depending on the loan. Applications for forgiveness are now live via the Department of Education's website, with forgiveness set to begin in January 2023.
Why are Republicans trying to block the President's student loan forgiveness program?
There are a few reasons why Republicans may want to block President Biden's student loan forgiveness program. One reason is that they may not believe that the President should be able to reduce or eliminate someone's debt without going through the bankruptcy process first. President Biden issued the forgiveness plan via Executive Order, and many Republican Congresspeople feel he should've proposed legislation to be voted on instead.
Another reason is that they may think the President's student loan forgiveness program will be too costly for taxpayers. The Department of Education's website estimates that the program will cost taxpayers $400 billion over the next 30 years.
Can Republicans succeed in blocking the President's student loan forgiveness program?
Currently, the Republicans have won a temporary hold. A U.S. appeals court has temporarily blocked the Order from moving forward. A U.S. District Judge previously rejected the lawsuit to block the forgiveness, saying the suit lacked legal standing. However, the GOP-led states that filed the original suit appealed the ruling, which allowed the 8th U.S. Circuit Court of Appeals to prevent the forgiveness plan from continuing while the request is considered.
It is possible that they can permanently block President Biden's student loan forgiveness program, but it is unlikely. The current number of Republicans in the House of Representatives is not large enough to pass a bill preventing the President's program from going into effect. However, they may be able to slow down or stop the program's implementation by attaching amendments to bills passed by Congress.
It's also possible they may issue legislation that will override the Executive Order if they win the House and Senate majority. However, new Senators and Representatives will be sworn in on January 3rd, when the forgiveness will already have been well underway.
What can I do?
If you're concerned about the President's student loan forgiveness program, you can contact your local Representative and Senators and let them know you support the program. You can also sign petitions or write letters to the editor of your local paper to voice your opinion.
It's also essential you vote in this and any upcoming election. The more people who stand up and speak out, the more likely the Republican Party will back down.
However, you should also consider what your backup plan will be to pay off your student loan debt should the GOP successfully block forgiveness altogether. It's difficult to say whether or not you can expect to have student loan debt relief next year at the federal level, so don't stop making your payments until the courts finalize their ruling.
The bottom line
It's essential to stay informed about the Republican Party's plans to block President Biden's student loan forgiveness program. Let your state and federal representatives know where you stand on this issue, and make it a priority to vote this November to ensure your voice is heard.
401Ks can be both valuable and versatile. You can take out a 401K loan to pay off debt in some instances. You might also sit on your 401K and make contributions into it every year, planning for your eventual retirement.
You should also know that there's a deadline every year for putting money in your 401K. Beyond that deadline, you can't put in any more money, and you'll have to wait to contribute more the following year. Let's talk about that deadline and what it means for you.
What is a 401K?
Before we go any further, we should make sure you understand what we mean when we use the term "401K." A 401K is a kind of investment account that is specifically geared toward your eventual retirement. Most people want to retire from work at some point, and a 401K is a financial tool that should set you up nicely when you're ready to do that.
A 401K is similar to an IRA. However, an IRA is a retirement account that you open on your own. A 401K is a retirement account you set up through your job.
Some employers allow you to set up a 401K with them. To encourage you to contribute to it from your regular paychecks, they may match your contributions up to a certain point. Essentially, your employer is giving you free money and helping you invest for your future. Some employers might match 1-3% of what you put in, but more generous ones may give you as much as 5%.
Why is There a Deadline Every Year for 401K Contributions?
The IRS wants to impose a deadline for 401K contributions each year for simplicity's sake. Luckily, that deadline is not difficult to remember. It is Dec. 31, 2022, the last day of the year.
You have until the year's end to contribute as much to your 401K retirement account as the law allows. Doing so should be a priority if you want to put money away in anticipation of your work life's eventual conclusion.
How Much Can You Put in Legally Each Year?
Assuming you're thinking about retirement, you probably want to know how much money you can put into your 401K each year. The IRS will let you put in up to $20,500 in 2022. If you are 50 or older, though, you can put in an extra $6,500, sometimes referred to as a catch-up contribution.
Why Contribute to a 401K?
Other than the obvious reason of saving for your retirement, there are also tax benefits if you contribute to a 401K. When you put part of your paychecks into a 401K plan, that contribution comes from your pay before the government collects any income tax. In other words, your taxable income is less, lowering your total tax bill.
Contribute as Much as Possible Before the Year's End
Some people who are hard up for cash cannot put any money into a 401K. For instance, you might be reluctant to lock any of your current income away if you have any urgent debts you're trying to pay off.
If you can afford to put any money into your 401K, though, it's definitely worth it. For one thing, it will reduce your tax burden. Also, your employer might match what you put in up to a certain point, and that's free money.
Understand the total amount you can put in this year, and consider doing so if you haven't yet. You have until Dec. 31 to make that contribution and start building up a financial cushion to use during your Golden Years.
Many individuals trying to determine how to pay off student loans fast were overjoyed to hear about President Biden's partial loan forgiveness plan. The idea that they could get $10,000 or more forgiven if they met the qualifications sounded like a real lifesaver.
There's an application process you have to go through to see if you're eligible for that student loan forgiveness program. It's in what's called a "beta period" right now. We'll talk about what that means in the following article.
What's the Student Loan Forgiveness Beta Application Process?
The student loan beta application process is a period during which you can apply for partial or total student loan forgiveness if you think you meet the qualifications. You can go to the website the federal government set up. There, you'll fill out a simple application. Once it has been processed, you should receive a notification regarding whether your eligibility has been accepted or not.
The most crucial thing to know about the beta application process is that even though it's still in beta, meaning there's a modified version coming out at some point, an application you submit will still be processed. In other words, even though this program is still in beta and the federal government is working the kinks out, your application still counts, and you won't have to submit another one.
That's great news for any individuals who have already submitted an application. More than 8 million people have sent one in through the website so far, proof that this idea is wildly popular with Americans who still have student debt.
What Are the Qualifications for Student Loan Forgiveness?
You could be eligible if you're single and make less than $125,000 per year. If you're one-half of a married couple, and you and your spouse jointly make less than $250,000 per year, you could be eligible as well.
Your adjusted gross income will determine your eligibility. However, keep in mind that you only qualify for debt relief if you took out student loans from the federal government. If you took out private loans, that does not fall under the category the federal government can forgive.
How Much Debt Will Be Forgiven?
Each current or former student who meets the qualifications we mentioned can have as much as $20,000 forgiven, provided they received a Pell Grant in college. If you didn't receive a Pell Grant but still borrowed money for college from the federal government, you can qualify for up to $10,000 in forgiven debt. The total amount the U.S. government might forgive through this program could be as much as $500 billion.
What's This About the Program Being Blocked?
You may also have heard that within the past couple of days, opponents of the debt forgiveness plan have mounted a legal challenge. A federal appeals court has halted the program to investigate its legality.
No debt will be erased until this process concludes. However, most legal experts feel the program will move forward eventually.
What Does All This Mean for You?
If you have outstanding student debt and borrowed money from the federal government, looking into the student loan application process that's currently in beta is definitely worth your time. Even though the program is currently being paused until the legal issues are resolved, it seems likely the program will move forward eventually.
If you've already applied to the program through the beta application process, you can wait until you hear word regarding your acceptance, which should arrive through email after the legal issues have been resolved. If you haven't applied yet, you can do so through the website. Getting some of your debt erased, assuming it eventually happens, should improve your financial outlook.
The Jeep®-branded Edition by ADDAX™ Overland Trailer was recognized with a 2022 Global Media Award this week at the SEMA Show in Las Vegas for its new overlanding trailer co-launch.
"We are thrilled that the Jeep-branded Edition by ADDAX Overland Trailer has been recognized as a global game changer at SEMA," said ADDAX CEO Kirk Jowers. "We look forward to continuing to engage with the Jeep brand in engineering more award-winning overlanding products that appeal to the brand's international community."
"There are hundreds of aftermarket innovations on the SEMA show floor this week, and from them all, we're proud that the Jeep Branded Edition by ADDAX Overland Trailer is a 2022 SEMA Global Media Award winner because it's authentic to the Jeep brand," said Jim Morrison, senior vice president and head of Jeep Brand North America. "Our Jeep enthusiasts are always looking to go further and do more, and this award-winning overlanding trailer will allow them to go further and stay longer as they continue to push the boundaries of adventure."
Inspired by the U.S. military's all-but-indestructible surveillance trailers and engineered by the team that set a world land speed record at the Bonneville Salt Flats, the Jeep-branded Edition has set the new benchmark for off-road overlanding performance, capability and comfort.
Boasting an unprecedented dry weight of just 850 pounds, Jeep adventure-seekers can now tow a 1,200-pound payload up previously unfathomable terrain—all without compromising a Jeep brand vehicle's signature stability and efficiency. The Jeep-branded Edition by ADDAX Overland Trailer's high-strength, lightweight engineering makes it the perfect companion for technical rock climbers and beginner off-roaders alike. Thanks to the Jeep-branded Edition's foldable tongue and compact 5-foot-by-6-foot dimensions, even those adventurers with limited garage space can always be ready to get off the grid.
The Jeep-branded Edition by ADDAX Overland Trailer's independent torsion axle trailer suspension system provides an aggressive 17 inches of ground clearance for maximum maneuverability, control and comfort. The 3/16-inch military-grade steel chassis and 14-gauge steel body are seamlessly bent, instead of welded, to deliver industry-leading durability.
The Jeep-branded Edition by ADDAX Overland Trailer comes standard with:
robust 35 cubic feet of storage
four 8,000-pound stabilizing corner jacks
foldable tongue
articulating hitch
rear receiver hitch
heavy-duty, custom rack for endless mounting possibilities
The SEMA Global Media Awards (GMA) Program recognizes those companies that manufacture specialty equipment products and accessories that would have mass appeal to consumers in countries outside the United States. The products are voted on by a prestigious group of international journalists who serve as judges.
"Vehicle customization and personalization has been growing worldwide," said Linda Spencer, SEMA director of international and government relations. "The GMA program taps top international media experts to weigh in on which new products are likely to succeed in their home markets. The global automotive specialty-equipment market is made up of enthusiasts who are passionate about the hobby. This passion can be found not only throughout the United States but also in countless spots around the globe including in Dubai, United Arab Emirates; Melbourne, Australia; and Stockholm, Sweden."
This year's program included 11 judges from seven countries. Each judge carefully reviewed and evaluated nearly 2,000 product entries at the SEMA Show before selecting the products that they felt would resonate and appeal most to consumers in their home countries.
The Jeep Edition by ADDAX Overland Trailer was also selected as a "Featured Product" in SEMA's highly-coveted New Product Showcase.
MOPAR, JEEP®, DODGE, HEMI, PLYMOUTH, RAM, SRT, CHRYSLER and related logos, vehicle model names and trade dress are trademarks of FCA US LLC and used under license by ADDAX Overland LLC.
About ADDAX Overland
Built upon a combined 60 years of off-road industry chops, ADDAX Overland is proud to create the world's most rugged, reliable, and trailblazing overlanding trailers. Our innovative spirit secured a world land speed record at the Bonneville Salt Flats. And our thirst for open-air freedom drives our uncompromising pursuit of the ultimate in overlanding performance. We're based in the backyard of Moab, Utah—Jeep's home away from home—and we pride ourselves in pushing our trailers to the limit on the iconic red-rock terrain. Forged in the U.S.A. Tested in Hell.™ For more information, visit www.addaxoverland.com.
Jeep Brand
Built on 80 years of legendary heritage, Jeep is the authentic SUV brand that brings capability, craftsmanship and versatility to people who seek extraordinary journeys. The Jeep brand delivers an open invitation to live life to the fullest by offering a broad portfolio of vehicles that continues to provide owners with a sense of security to handle any journey with confidence. The Jeep vehicle range consists of the Gladiator, Grand Cherokee and Wrangler. The legendary Jeep brand's off-road capability is now being enhanced by a global electrification initiative, that is transforming 4xe into new 4x4 in pursuit of the brand's vision of accomplishing Zero Emission Freedom. A fully electric Jeep 4xe will be offered in every SUV segment by 2025.
About SEMA and the SEMA Show
The SEMA Show is a trade show produced by the Specialty Equipment Market Association (SEMA), a nonprofit trade association founded in 1963. Since the first SEMA Show debuted in 1967, the annual event has served as the leading venue bringing together manufacturers and buyers within the automotive specialty equipment industry. Products featured at the SEMA Show include those that enhance the styling, functionality, comfort, convenience, and safety of cars and trucks. Additional details are available at www.semashow.com or www.sema.org, 909/396-0289.
Vetnique donates 10% of special pet care bundle sales in partnership with The Mutt Dog and PAWS Chicago, keeping with their tradition of helping pets thrive while supporting local animal welfare organizations.
NAPERVILLE, Ill. - November 7, 2022 - (Newswire.com)
With their newest campaign, Illinois-based Vetnique is building a common thread between the brand's passion for helping pets thrive and finding animals their "furever" home. They've partnered with The Mutt Dog - a Massachusetts-based clothing brand whose mission is to help rescue animals-for a joint social media and web event in support of local Illinois animal shelter, PAWS Chicago.
The charitable campaign will be active between Monday, Nov. 7, and Wednesday, Nov. 16, 2022 on Vetnique's website.
Vetnique is unveiling three limited-time product bundles for the event, with each set featuring special-priced Vetnique pet care products plus a free pet bandana from The Mutt Dog. Another bonus for animal-loving shoppers? In addition to a built-in discounted price for each bundle, 10% of every purchase will be donated to animal welfare efforts at PAWS Chicago.
The following bundles can be purchased on Vetnique.com:
Vetnique is proud to partner with The Mutt Dog in support of animal welfare organizations like PAWS Chicago.
"At Vetnique, one of our values is to reach outside our walls to make a difference in the lives of pets and pet parents we serve," said Brandon Williams, Vetnique's Director of Marketing. "We've teamed up with two incredible non-profit organizations who share the same passion for helping pets lead happier and healthy lives."
ABOUT PAWS CHICAGO
Since 1997, PAWS Chicago has performed more than 280,000 free and low-cost spay/neuter surgeries, found loving homes for more than 70,000 pets, and consistently saved 98% of the pets who come through their doors.
ABOUT THE MUTT DOG
The Mutt Dog community was created to help get more dogs rescued & provide support to shelters across the world. Whether your pup is mutt or purebred, stories of rescue and newfound family remind us to hold our dogs closer and be grateful for their health, happiness, and unwavering love.
ABOUT VETNIQUE
As a veterinarian-founded company, we genuinely understand pets' health needs better than anyone. It's what sets us apart from the pack! With our veterinary expertise, we offer unique solutions to everyday problems facing pet families. We don't just help pets live happier, healthier lives--we help them thrive!
Contact Information:
Brandon Williams
Director of Marketing [email protected]
iQuanti: Achieving financial stability is a dream for many. Nowadays, it is as possible as ever, but with so many helpful tips and tricks out there, it can be overwhelming to decide what's right. Below, you'll find four effective ways to build financial stability in your life:
Create a budget
A proper budget can mean the difference between achieving financial stability or never reaching those hallmark financial goals. When you plan your budget, keep in mind that there are dozens of methods that strangers and professionals will swear is the right way.
The truth is, the right option is the one that works for you, your needs, and your wants. Important factors to keep in mind, regardless of the ratio, are your needs, including debt repayment and other living costs, wants, savings, and other investments. Creating a strong budget from the beginning allows you to make decisions that only improve your financial stability rather than harming it.
Eliminate debt
One of the best things you can do to improve your financial stability is to tackle your debt. There is no greater hindrance than carrying debt longer than you need to. Not only will you suffer monetarily with a reduced net worth, more money going to interest rates than things that matter, and so on, but you'll also have to face the stress of trying to get ahead when obligations continue to mount.
In order to stop debts from continuing to multiply and distract from other important needs like emergency savings and retirement, start eliminating debt using a strategy like the debt avalanche or debt snowball method. Not only will paying off debt reduce stress, but it will also boost your credit score, net worth, as mentioned above, and lower your overall debt-to-income ratio.
Have a backup plan
Not everything always goes to plan, regardless of who you are or your financial history. It's crucial that you have a backup plan in order to prevent financial ruin in the case that an emergency expense arises, especially if you have poor financial stability.
A good idea is to only use a small portion of any given credit line to keep most of it open for an unexpected expense. Similarly, you may want to know where you can obtain a personal loan in case you need a quick source of money. While knowing how to apply with your own financial institution will be helpful, keep in mind they can only be so flexible when it comes to terms. You may also want to keep family or friends in mind as a quick option for money.
Monitor your credit score
Your credit score says a lot about your financial health. It is a number ranging up to 800 that is a comprehensive representation of your financial history. Factors that go into calculating your credit score include payment history, including late and on-time payments, account mixes, and credit utilization.
When it comes time to secure a place to live or borrow money, your credit score is one of the factors that will determine your eligibility. With a low credit score, you can expect denials or difficulty securing the things you need in life. It's important to monitor your credit score to ensure you're financially stable. When you do this, it's easier to catch mistakes or bad marks that are heavily influencing your score.
The bottom line
Financial stability is something that many Americans hope to achieve but struggle to do so during the course of their lifetimes. Beginning with a strong foundation and building up from there can ensure that you meet your goals and achieve the financial freedom you're hoping for.
Visitors to the all-new JacksonHoleWY.com will benefit from a sleek user interface and navigation that enables them to easily discover unparalleled savings on flights, accommodations, lift tickets and guided experiences. An improved information architecture thoughtfully houses content in a manner that is easily discoverable both by users and search engines, further elevating the organization's online presence while also highlighting their authority and expertise on Jackson Hole experiences.
At the forefront of the new site is a refined booking experience, allowing users to easily input their travel preferences, browse available experiences, airfare rates and lodging options, and book their vacations, all within one smooth process. Travelers who book their lodging, activities and flights — including new direct options from Newark, Miami and Seattle — through Jackson Hole Central Reservations can take advantage of airfare deals, with savings of up to $400 per person.
The new JacksonHoleWY.com is constructed on the publisher-first Craft Content Management System (CMS), which presents the Jackson Hole Central Reservations team with complete control over the site's content and dynamic page layouts. Pages and blogs can easily be enriched through customizable sections and site elements, and can easily populate inspirational related content that is relevant to the reader's interests.
"We are dedicated to providing the same value to our customers as we have for over 50 years," said Bridget Murphy, General Manager of Jackson Hole Central Reservations. "This new website modernizes our company and presents Jackson Hole travelers with an improved, seamless booking experience for all things to do in and around the Jackson area."
"Tempest is honored to be a trusted partner to Jackson Hole Central Reservations and the Jackson community for over 11 years," stated Alex Heimann, CEO of Tempest. "We are excited for the new website to help travelers research, plan and book their next Jackson Hole adventure."
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About Jackson Hole Central Reservations:
We are located just off the town square in downtown Jackson, with 50 years of representing Teton county. We are open year-round, and our knowledge is unparalleled, which is why you should choose to book with us.
About Tempest:
Tempest is a leading destination solutions provider trusted by over 200 destination organizations across North America. Tempest partners with destination organizations to build value for their communities through its web, marketing, cloud software, and community engagement solutions. For more information about Tempest, please visit www.tempest.im.
Contact Information:
Kyle Huff
Director of Content Marketing, Tempest [email protected]
Bridget Murphy
General Manager, Jackson Hole Central Reservations [email protected]
SEOUL, South Korea - November 7, 2022 - (Newswire.com)
3Dme Crown of Imagoworks Inc., a digital dental CAD solution company based on artificial intelligence, is attracting attention as the next-generation dental CAD.
3Dme Crown is an automatic crown design module of 3Dme Solutions, Imagoworks' AI-based web dental solutions. Based on the patient's 3D scan data, using AI technology, the crown prosthesis design that is most suitable for the patient's oral environment is generated in seconds.
3Dme Crown's AI technology finds the tooth that requires crown design by examining the dental 3D scan data. At the same time, it automatically identifies the margin line between the tooth and gum of the crown prosthesis to be manufactured and suggests an optimized margin line. Then, it goes through a process of creating an optimal crown design in a matter of seconds, considering the surrounding and antagonist teeth. Finally, the crown design may be downloaded in the desired file format (STL, OBJ, PLY, etc.) and sent to a 3D printer or milling machine for an immediate prosthesis production.
The crown design using the existing dental CAD is done through dozens, even hundreds of mouse clicks for over 10 to 15 minutes by skilled dentists and dental technicians. However, this process takes only seconds with just a few clicks using 3Dme Crown. In addition, as 3Dme Crown is developed as a software running on the web; users are not limited by time or space to benefit from the convenience of being able to work on the design anytime, anywhere. As a result, dental clinics and laboratories can produce crown prostheses in a shorter time, which had taken at least several days, to enjoy the effects of increased efficiency and productivity. The number of visits for each patient can be reduced and the satisfaction with treatment can be increased.
Collaborating with global dental scanner/platform company Medit
At a time when dental platforms are emerging as the mainstream of digital dentistry worldwide, Imagoworks is keeping pace with the times through cooperation with global dental company Medit. Recently, both companies have simplified the digital workflow by linking 3Dme Crown to Medit Link, Medit's digital dental platform.
Medit Link is a digital dental platform operated by Medit, a software capable of managing the data of patients' oral and dental plaster models acquired from oral scanners (Medit i500, i600, i700) and model scanners (Medit T710, T510, T310). For dental clinics using the Medit oral scanner, a workflow can be created to complete an optimal crown design easily and quickly through 3Dme Crown. Dentists can check the prosthesis design directly with the patient in the unit chair and utilize it as a tool during consultation. Plus, when milling machines and 3D printers are provided in the dental clinic, true one-day prosthetics will be made possible as the quick design operation immediately following the oral scan would allow the processing to be completed.
Chairside CAD to be further improved with version 2.0 update
Meanwhile, Imagoworks continues to invest in R&D to improve service quality. In particular, on Nov. 21, a large-scale update of 3Dme Crown is scheduled. This 2.0 version update includes improvement of AI crown shape and implementation speed, focusing on the modification of the generated crown. Imagoworks plans to enhance the user convenience through the large-scale update and strengthen its competitiveness in the global market by strengthening clinical usefulness. 3Dme Crown can be accessed and used from anywhere in the world after a member registration at https://www.3dme.ai.
VANCOUVER, British Columbia - November 7, 2022 - (Newswire.com)
Klean Industries Inc ("Klean"), a leading equipment manufacturer that owns a commercialized portfolio of intellectual properties and know-how focusing on the recovery of clean energy and resources from waste, is pleased to announce that it has signed a partnership agreement with H2 Core Systems ("H2 Core") to distribute and build green hydrogen projects around the globe.
H2 Core Systems ("H2 Core") is a leader in integrated design and engineering for modular and containerized green hydrogen production plants. H2 Core Systems develops, manufactures, and maintains modular and configurable electrolysis systems that are expandable and scalable at any time. H2 Core offers the perfect solutions in combination with photovoltaic (solar) or wind power systems for a decentralized, self-sufficient, integrated system that enables the creation of a green energy supply chain that can be used worldwide. Hydrogen plays a crucial role in providing a solution for the global path to a zero-emission future in transportation, industry, homes, and workplaces. H2 Core Systems understands the clean hydrogen value chains, technology integration, systems, people, and partnerships needed to ensure hydrogen's role in the clean energy economy.
The combination of this partnership in deploying hydrogen at scale is being built on the foundation of Enapter AG's ("Enapter") Anion Exchange Membrane (AEM) Electrolysers. Enapter provides this partnership with modular electrolyzers which can be deployed individually or at scale for any amount of on-site hydrogen and for any application. Inspired by the mind-blowing cost reduction of solar panels and microchips through standardization and mass production, Enapter has developed plug-and-play electrolyzers that can be manufactured at scale.
"Klean, H2 Core, and Enapter share synergistic values and the understanding of what the world needs to achieve Net Zero, in a Circular Economy that supports the development of a sustainable society. The KleanTeam has conducted extensive due diligence on the hydrogen production marketplace, and we believe that H2 Core's technology applications combined with Enapter's AEM Electrolysers' and energy management system ("EMS") offer the perfect design for both Klean's internal projects and our customers' projects. The uniqueness of these designs also compliments the integration of our KleanLoop™ technology, which together represent a game changer for combined applications of alternative energy production," said Marc Schwarzlose, Director of Project Development for Klean Industries Inc.
Over the course of the next few months, Klean is planning the development of a modular and scalable 40' containerized pilot project with the integration of an AEM MultiCore 1.0 megawatt (MW) electrolytic production unit designed by H2 Core for Klean's flagship facility in Boardman, Oregon. This site is the perfect location for creating green hydrogen onsite from cost-effective, clean, reliable, and environmentally friendly hydroelectric power as Boardman has one of the lowest costs for electricity in North America.
The hydrogen produced at the Boardman facility is being engineered for its potential application and use in Klean's modular oil upgrading units. The carbon emissions-free hydrogen produced can be utilized to upgrade recovered fuel oil ("rFO") and pyrolysis oil into highly valuable, drop-in replacement fuel known as e-fuels to produce significantly lower CO2 gasoline and diesel to meet the needs of California's Low Carbon Fuels Standards ("LCFS").
Additionally, Klean and H2 Core see an opportunity for a number of Klean's projects to have their own hydrogen-generating plants for producing 100% renewable green hydrogen, which could be used in Klean's fleet vehicles for the collection and transportation of feedstock and output products. This alone offers a significant environmental advantage to our projects and the communities in which Klean operates. This concept is further reinforced by the ability to also integrate fuel cells, engines, and boilers that are powered by green hydrogen to offset energy costs in terms of electrical demand, with the added benefit of also providing both heating and cooling applications in various projects.
Beyond Klean's internal applications, H2 Core and Klean see increasing market demand for green hydrogen produced by electrolysis. Together through this partnership, Klean plans to work with its project partners in Canada, the United States, and Australia to deploy H2 Core's fully integrated containerized solutions. By doing so, they aim to unlock hydrogen's true potential in reducing pollution and climate change by building hydrogen supply solutions and station networks to support the rollout of fuel-cell electric vehicles and decentralized renewable energy plants.
"Partnerships make what we do at H2 Core Systems possible. Enapter, H2 Core Systems, and Klean Industries are aligned in our commitment to both deploying and developing a renewable hydrogen value chain. We believe this partnership is a great first step in what we hope will become a long and successful relationship," said Ulf Joergensen, CEO H2 Core Systems.
"We believe Enapter's mass-produced AEM Electrolysers will enable low-cost green hydrogen to be deployed at a massive scale in the shortest amount of time. It is partnerships like this that illustrate the demand and opportunity throughout various industries for green hydrogen worldwide. By combining technologies and applications, this partnership offers integrated solutions that address both climate protection and decentralized energy generation. To make all of this happen, we must act with urgency, opt for simplicity, and insist on transparency and global partnerships," said Sebastian-Justus Schmidt, CEO Enapter GmbH.
"Developing clean energy projects in partnership with leading technology providers such as Enapter and H2Core Systems supports Klean's strategic focus and enables our companies to create a symbiosis between waste, resources, and energy, while simultaneously creating a circular low carbon economy," said Jesse Klinkhamer, CEO of Klean Industries Inc.
About H2 Core Systems
H2 Core Systems ("H2 Core") develops, manufactures, and maintains modular and configurable electrolysis systems that are expandable and scalable at any time. The perfect solution in combination with photovoltaic or wind power systems for a decentralized, self-sufficient, and green energy supply that can be used worldwide. H2 Core provides solutions for making green hydrogen available for everyone and everywhere, from 100% renewable energy sources in a standardized, flexible, and intelligent way. Their systems and containerized units replace fossil power with carbon emissions-free alternatives, combining their know-how of fluid systems with innovative Enapter AEM electrolysers and their energy management system ("EMS"). H2 Core is building standardized, flexible, and smart hydrogen sources that utilize a long track record of experience in industrial services. H2 Core, builds, upgrades, and maintains the systems they provide throughout its lifecycle.
Enapter is an innovative energy technology company that manufactures highly efficient hydrogen generators - known as electrolysers - to replace fossil fuels and thus drive the global energy transition. Their patented and proven Anion Exchange Membrane (AEM) technology enables the mass production of cost-effective plug-&-play electrolyzers for green hydrogen production at any scale. Their modular systems are already used in 50 countries across the energy, mobility, industrial, heating, and telecommunications sectors. Enapter has its main offices in Italy and Germany.
Klean Industries ("Klean") provides best-in-class technologies and solutions in the waste-to-value industry. Our international team of award-winning experts has decades of experience in the design, engineering, and manufacturing of the highest-quality equipment to convert waste streams into valuable energy and resources. Our unique products and services are a result of combined knowledge in the design of recycling, resource recovery, waste management, and power generation projects. Our global project management expertise safeguards timelines and budgets enabling projects to be delivered in less time and at lower costs.
Klean uses proprietary technologies to rapidly develop projects that produce the highest quality fuels, recovered Carbon Blacks ("rCB"), and green hydrogen from various kinds of carbon-based wastes. Our know-how and skillfulness provide a specialization in building projects that use advanced thermal technologies such as gasification, pyrolysis, and carbonization, which convert scrap tires, waste plastics, and municipal solid waste into domestic energy, sustainable commodities, and new cleantech jobs. We create a symbiosis between waste, resources, and energy. Klean Industries is the link between the low carbon, circular economy, and the goal of zero waste to landfill.
Amid rapid growth in the teen and adult driver's education market in Illinois, Top Driver announced today that effective Oct. 31, 2022, the company completed the acquisition of Drive Home Safe Driving School located in Geneva, Illinois.
CEO Paul Zalatoris commented, "Top Driver is excited to have the opportunity to service the driving needs of teens and adults of the far western suburbs of Chicago. Top Driver will manage and continue to operate out of the Drive Home Safe locations effective immediately with the same, committed Drive Home Safe instructor team. Top Driver continues to be the largest private driving school in the Midwest serving more than 14,000 students annually."
Drive Home Safe driving school has been in business for many years and is well known throughout the far western suburbs of Chicago. This acquisition extends the footprint, visibility, and service area of Top Driver throughout suburban Chicago with classroom locations in Geneva and Oswego. Top Driver remains committed to providing quality training, convenience, and help for parents and teens in teaching driver safety.
For additional information about the acquisition or to enroll in drivers' education classes in suburban Chicago, please visit topdriver.com or call 800-374-8373.
About Top Driver
Top Driver is the Midwest's Premier Driving School with over 40 locations. Since its inception in 2003, it has provided more driver lessons and education classes than any Midwest competitor. The "Top Driver Difference" focuses on contemporary training, convenience, and extensive resources for both students and parents. Top Driver equips students with the knowledge and skills necessary to become intelligent drivers.
