Indy 500 winner Marcus Ericsson looks back on his chances to win at IMS

Chip Ganassi Racing's Marcus Ericsson wins the 106th running of the Indianapolis 500.

Clark Wade, Indianapolis Star

INDIANAPOLIS -- Angela Ashmore had no idea she'd made Indy 500 history as she stood in victory circle at Indianapolis Motor Speedway, as she watched Marcus Ericsson with a wreath around his neck take a few glorious sips of whole milk, then pour the rest down his face.

All Ashmore knew was an indescribable feeling of watching her driver win the world's most iconic race. Knowing she had played a part in Ericsson's victory, as his engineer, was enough for her, more than enough.

But weeks after the May 29, 2022 Indy 500, Ashmore found out the racing world knew something she didn't know. Ashmore was the first woman on an Indy 500 team to ever win the race -- in any position -- in 106 years.

"It was pretty incredible. It's the biggest race in our sport, one of the biggest races in the world," said Ashmore, 35, a Purdue graduate and Chip Ganassi Racing engineer. "The race has a lot of history and being the first female to win, that's a big accomplishment."

Especially because Ashmore won the Indy 500 in a major role. She is the engineer on Ericsson's team who manages the telemetry of the car, the fuel mileage and strategy during the race. Throughout the season, she oversees the electronic system to ensure quality data is collected and turned into useful information.

In other words, Ashmore makes Ericsson's car go faster.

"From the driver perspective, the engineers are the ones you are the closest with," Ericsson said this week. "I spend a lot of time with Angela when I'm not in the car, sitting, talking and discussing strategy."

Yet as Ericsson drank the milk in 2022, just like Ashmore, he had no idea his win had catapulted her into racing history books. Not until weeks later when a driver and an engineer learned exactly what they had done.

"First of all, I was shocked when I heard it, that she was the first woman. I was sure it had happened before," said Ericsson. "It's crazy it hadn't happened before. It's so great to be part of that history and I'm hoping it will help push more women into the sport."

Ashmore wants that, too, to be a role model for young women trying to break into male-dominated industries, to show them gender doesn't matter, just their skills.

But first, Ericsson and Ashmore have a race to run. And on Sunday, their No. 8 Honda is competing to become the first back-to-back winner of the Indy 500 since Helio Castroneves won in 2001 and 2002. Can they recreate their 2022 magic for a repeat?

"Well, I never want to say that because I don't want to jinx it," said Ashmore. "But we have a fast car that races well in a pack. Chip Ganassi has four really good cars. I hope one of them, but especially the 8 car, takes home a win."

Ericsson doesn't hesitate when asked the same question: Can you repeat an Indy 500 victory? "That's the plan. That is the plan. That's what we're here for."

And with Ashmore on his team, Ericsson said, he is pretty sure the plan can become reality. "She's pretty amazing."

Ashmore grew up in Coopersville, a small town in western Michigan, with a dad who loved racing. The family spent many Saturday nights watching short-track events at the Berlin Raceway. Her dad and uncle even raced together, with a one-man pit crew, her dad.

On Sundays, Ashmore and her dad would settle in front of the television to watch NASCAR. "I literally fell in love with it watching it on TV by the time I was 4 or 5 years old," said Ashmore.

Inside her bedroom closet, her entire wardrobe consisted of racing T-shirts. "It was an obsession. I knew that's what I wanted to do for a career."

But what racing career, she wasn't sure. Maybe a driver or a pit crew member. Maybe one of those track announcers. Or maybe an engineer.

In high school, Ashmore excelled at math and science and took an intro to engineering class where the students built a car. If she had loved racing before, that class took it to a new level.

After she graduated high school, Ashmore was desperately searching for a way to get into racing. She took a chance and walked into Ponstein Racing, a Michigan team competing in the CRA late model series, with an offer.

"'Hey, I'll come work for you for free if you let me just observe and learn,'" Ashmore told the Ponstein team. They said yes.

Every afternoon after her summer day job, Ashmore would go to the shop and spend her nights working on race cars, sweeping floors, swapping out engines and rebuilding brakes.

"I just wanted the experience of being in a race shop no matter what I was doing," she said. "Just so I could learn."

As Ashmore entered her freshman year of college at Purdue, she knew exactly what she wanted to do in her racing career -- make those cars go faster. She wanted to be a racing engineer.

As a standout mechanical engineering student at Purdue, Ashmore landed a spot with Purdue's Formula SAE, a team ofabout 30 students that each year builds a single-seat open wheel race car and competes against other university teams.

On the SAE team, Ashmore was the suspension lead, spending countless hours in the machine shop building parts for the car. She also raced the cars.

After graduating from Purdue in 2010 with a bachelor's degree in mechanical engineering, Ashmore started searching for racing jobs. She soon learned just how hard it was to get a foot in the door in this industry.

"You either grew up in racing, your family did it, you knew somebody your dad was friends with or you knew somebody who did it," said Ashmore. "It's kind of a boys club. Being a female I didn't even know anyone in racing. I didn't know where to start."

Out of college, Ashmore went to work for Chrysler and got a master's degree in mechanical engineering from Purdue. She liked her job, but it wasn't her love. Racing was.

Then it finally happened. Five years out of college, Ashmore finally knew someone in racing who knew of an opening with a NASCAR team.

"It was kind of a low level spot," Ashmore said. She didn't care. This might be her chance. "I picked up my life and moved to North Carolina and finally got to prove myself."

Ashmore was the third engineer on a Roush Fenway race team, the assistant to the assistant engineer. She did data mining and collection and prepared reports for other engineers.

But soon she worked her way up to race engineer for Bubba Wallace's Roush Xfinity team and then she worked her way up to the NASCAR Cup Series as a race engineer for Trevor Bayne. And then she was promoted to David Ragan's lead engineer.

Ashmore was on track to make NASCAR history as the first female crew chief, probably within the next few years. She wanted that desperately but she also had IndyCar dreams raging in her head.

Leaving NASCAR was hard. Ashmore loved her job but the traveling was intense, 38 times a year versus 17 in IndyCar. And she was struggling being so far away from her family in the Midwest. IndyCar seemed like the perfect fit.

She landed an engineering job at Ganassi four years ago and has never once regretted the decision. She loves that she has more time between races to think her way through glitches and problems. She loves the creativity and strategizing that time allows her.

And she loves Ganassi's commitment to women in racing. "It is definitely a male dominated sport," she said. "You don't see a lot of women."

Ganassi is trying to change that. In 2022, PNC Bank and Ganassi collaborated to launch the Women In Motorsports program, part of the PNC Project 257, referring to the number of years, if things continue the way they are, it will take for women to be paid the same as men working in the same role.

"Which is insane," Ashmore said. "257 years."

The Women In Motorsports program offers free internships with housing to women in college and technical schools throughout the United States. Ashmore serves as a close mentor to the women, especially those in engineering, as they look to find their footing in the industry.'

"That was the hardest part, finding a way to get a foot in the door," she said. "This gives these women some opportunities that wouldn't otherwise exist, to get exposure to racing."

It also helps the teams, Ashmore said. "You are always stronger when you have diverse opinions and thoughts."

Having Ashmore on the Ganassi team has paid off in an Indy 500 victory and in making Indy 500 history in 2022. It's crazy to think, Ashmore said, that she will forever be the first woman on an IndyCar team to win an Indy 500.

And she wants all the young women who follow her to remember: "The qualifications for the role have nothing to do with gender. It has to do with your ability to do the job," she said. "And there is nothing that makes a man better than a woman based on those qualities.

"I want them to know they are welcome and wanted, and that they won't be the only women who are there."

Learn more about Ganassi's Women In Motorsports program.

Follow IndyStar sports reporter Dana Benbow on Twitter:@DanaBenbow. Reach her via email:dbenbow@indystar.com.

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First woman to win an Indy 500 was Marcus Ericsson's engineer in ... - IndyStar

Photo by Chor muang / Shutterstock.com

Due to the demands of the COVID-19 pandemic, the healthcare space has been pummeled over the last few years to answer the manifold and ever-growing needs of citizens. Many of these needs have solutions that can only be resolved through agencies information technology systems.

For us, during COVID, it was really about, how quickly can we leverage our growing capabilities in cloudWe stood up data analytics and visualization platforms. In partnership with Microsoft, we rapidly stood up a COVID bot on the website that enabled citizens to determine what they needed to do with regard to COVID symptoms. And we rapidly put in place border health monitoring capabilities, again, all leveraging cloud, said Centers for Disease Control Deputy Chief Information OfficerJason Bonander. The executive shared his thoughts during a recent event hosted by GovCon Wire.

Data administration and the replacement of legacy systems were the primary themes that arose in this discussion between private and public sector healthcare technology professionals. GCWs2nd Annual Healthcare IT Digital Transformation Forum featured Leidos Health Group Vice PresidentBobby Saxon as moderator for the Whats Next for Modernization panel.Leidos was also a Platinum sponsor of the May 17 event alongsideCore4ce and Silver sponsorUnanet.

If you missed the event, you can watch the full slate of discussion here. You can also browse and register for upcoming GCW eventshere and those from sister service Potomac Officers Clubhere.

Bonander went on to say that cloud is less a renegade modernization practice at this point than it is core infrastructure, a given. Still, he says it offers evergreen possibilities that the CDC is still mining in post-pandemic efforts where the agency has been prompted into realizing they must fundamentally modernize and change how [they] develop applications, how and where [they] host those applications. He says theyre operating at a quick pace in remaking and reimagining their offerings.

Fellow panelist Dr.Susan Monarez, deputy director of the Advanced Research Projects Agency Health, reported that her organization has the distinct benefit of being brand new, so it doesnt have any legacy systems to overturn. With regard to making progress in the government health technology space, Monarez said that the goal is to avoid getting into a situation where something that could be realized via an innovative tool or strategy in a matter of three to five years ends up taking 10 to 20 years.

To do so, Monarez says ARPA-H is attempting to break new ground in its field.

How do we take core concepts for the health ecosystem we talk about, from the molecular to the societal, and think about the problems in ways that just are fundamentally different than the way that folks have been thinking about the problemsHow could we actually start to address those problems in a way that hasnt been done before? Monarez explained of the research and development hubs mindset.

When Saxon queried the panelists about how their organizations are aiding decision support, Bonander said its about turning the massive amounts of data the CDC receives and processes into actionable insights in a way that benefits state and local health partners as well as the average citizen.

Data is the lifeblood of public health, Bonander stated, while Monarez said she loses a lot of sleep from excitement in thinking about the possibilities of creating a full-scale way to make health sector data actionable.

Core4ce CEOJack Wilmer noted the utility of artificial intelligence technologies in sorting through large amounts of data to boost decision making, but also said that its important to implement explainable AI whose choices and determinations can be legible to the citizen user.

In looking to the future, Wilmer, who previously worked for the Department of Defense, believes that, despite critiques that say the opposite, the government can actually be incredibly forward leaning in its modernization and innovation practices. Specifically, he referenced biosurveillance initiatives where existing data is being exploited in productive ways. Such practices might, Wilmer said, even help in the mission to predict or identify the next pandemic before its too late.

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Legacy Overhaul & Data Mining at Top of Mind for Health Care ... - GovCon Wire

Showcasing new product capabilities during 10-city World Tour, including new object-centric data model and a more intuitive, open and intelligent platform

NEW YORK & MUNICH, May 23, 2023--(BUSINESS WIRE)--Celonis, the global leader in Process Mining, today showcases a series of powerful new product capabilities that enable companies to rapidly find and capture business value within their processes. At the Celonis World Tour 2023 - that kicked off today in Munich, Germany - the company demonstrates how it helps its customers to improve the performance of their core business processes. The new features demonstrate how the company has extended and enhanced its core platform and underscore how Celonis continues to reinvent process mining.

Object-Centric Data Model

Following on from the launch of Object-Centric Process Mining at Celosphere 2022, Celonis now introduces the Object-Centric Data Model, a new and powerful single data representation of an entire business that enables companies to dramatically accelerate the speed with which they can model their process data, gain critical insights, and take action to start realizing value. Celonis Object-Centric Data Model reduces the work needed to transform the data from source systems and operates side by side with Event Log Data Models, making the transition non-disruptive. It also powers Celonis new End-to-End Lead Times App - also launching today - which enables supply chain leaders to fully comprehend end-to-end lead times and understand the impact of each process to accelerate cash conversion and exceed service levels.

Benefits of Celonis Object-Centric Data Model include:

Simplicity. Businesses can work with a data model that uses the same language they do - for invoices, orders, deliveries rather than the language of source systems, to better model the business;

System agnosticity. Companies can take advantage of Celonis apps and process content, no matter which ERP, SCM, CRM or other source system they use, leveraging standardized business definitions and prebuilt transformations for core processes;

Flexibility. With traditional process mining, a business needs a data model for each process it wants to examine. With the new object-centric data model, organizations can dynamically adjust process analyses, switching perspectives from process to process without needing to go back to the source data. This significantly reduces onboarding time, and allows organizations to get to insights and key actions much faster.

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"I look forward to extending our usage of Celonis market-leading process mining solution throughout our organization," said Travis Cain, Senior Director Enterprise Architecture & Data Science Experience for Dell Technologies. "The Celonis Execution Management System has already provided us with tremendous benefits, including the ability to more easily find bottlenecks in our processes and get to deeper business insights more quickly. Using Celonis process mining capabilities gives us insights into the complexity of our operations and helps us to drive rapid business value by improving the performance of our core business processes."

"Object-centric process mining allows users to easily navigate through processes based on real-life objects and events, and fully unleashes the power of process mining," said Alex Rinke, co-founder and co-CEO at Celonis. "Customers can build and interact with their data more naturally, in a way they are already familiar with. With this new expanded data foundation, as well as the additional capabilities we are unveiling during this years World Tour, I am thrilled to show customers how Celonis provides them with unparalleled visibility, helps them disseminate process intelligence, and enables intelligent actions across the enterprise."

An Intuitive Platform: Process Intelligence Accessible to All Users

Celonis Business Miner, the industrys first intelligent process investigation technology and collaboration workspace, arms every business user with a breakthrough new way to easily, and independently investigate, communicate, and team up around process problems and opportunities. With it, Celonis deepens and democratizes the power of process mining so that everyone in an organization, not just analysts, can understand and improve process performance. No technical background is needed to be able to take advantage of process mining.

Celonis Business Miner is now generally available with process-specific explorations in Celonis core processes: Accounts Payable, Accounts Receivable, Procurement, and Order Management, as well as for additional process-agnostic explorations that focus on topics like cycle times, rework, and undesired activities.

With its intuitive question-and-answer-based exploration that provides quick and consumable insights, Celonis makes this powerful communication and collaboration tool accessible to all users with a Celonis Execution Management System (EMS) license, enabling unparalleled scalability and performance.

An Open Platform: Intelligence API

Celonis is also focused on providing its customers with an open platform - a critical strength recently recognized by Gartner.

First announced at Celosphere 2022 and generally available since March 2023, the Celonis Intelligence API is designed to provide governed access to Celonis process intelligence for use within third party applications.

The Intelligence API enables Celonis to bring unique process intelligence to tools as varied as PowerBI for reporting at scale, Slack for instant communication about process insights, and ServiceNow for rapid action triggered by process mining. Celonis itself uses Intelligence API to surface critical process insights within Salesforce to help its teams within software environments where they already work.

This makes the Intelligence API more open and accessible to an entire organization and enables intelligent orchestration and process-intelligent applications. Emporix, who launched their Commerce Execution Platform (CXP) at Celosphere 2022, are pioneering in this space. The Emporix CXP is a workflow engine that helps organizations optimize their business outcomes by leveraging process insights from Celonis.

Celonis provides the process context while Emporix orchestrates the end customers experience and interactions so that Emporix is delivering a better, more tailored customer experience as well as more efficient and cost-effective operations for customers.

Furthermore, the Intelligence API is a key component of Celonis platform strategy, as the company continuously aims to deliver a more intuitive, more open and more intelligent platform to its customers.

"The current macroeconomic climate demands better ways of working, which means organizations urgently need to improve their core business processes," says R "Ray" Wang, CEO and Principal Analyst, Constellation Research, Inc. "Processes are the fabric of every business, but many do not deliver much value - if any. With features such as the Object-Centric Data Model, Business Miner, and Intelligence APIs, customers can rapidly improve processes to achieve cost savings, increase customer satisfaction, meet regulatory requirements and boost overall performance."

The Celonis World Tour kicks off on May 23 and covers 10 stops across the US, Europe and Japan. It is Celonis global process mining roadshow where customers, prospects and partners share how, with Celonis, they are able to find and capture business value within processes, enabling them to perform at levels they never thought possible. The Celonis World Tour kicked off shortly after Celonis was named a leader in Gartners first-ever Magic Quadrant for Process Mining Tools. The report catapulted process mining into C-level consciousness and placed Celonis highest and farthest to the right on both axes, Ability to Execute and Completeness of Vision.

About Celonis

Celonis enables customers to optimize their business processes. Powered by its leading process mining technology, Celonis provides a unique set of capabilities for business executives and users to continuously find improvement opportunities within and across processes, and execute targeted actions to rapidly enhance process performance. This optimization yields immediate cash impact, radically improves customer experience, and reduces carbon emissions. Celonis has thousands of implementations with global customers and is headquartered in Munich, Germany and New York City, USA with more than 20 offices worldwide.

2022 Celonis SE. All rights reserved. Celonis, Execution Management System, EMS and the Celonis "droplet" logo are trademarks or registered trademarks of Celonis SE in Germany and other jurisdictions. All other product and company names are trademarks or registered trademarks of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230523005621/en/

Contacts

Celonis press@celonis.com

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Celonis Launches New Process Mining Innovations to Deliver Fast, Substantial Value to Customers - Yahoo Finance

High-Speed Engine Market to reach USD 29.9 billion by 2029 at a CAGR of 3.9 percent says Maximize Market Research

Pune, May 25, 2023 (GLOBE NEWSWIRE) -- A global Material & Chemical business consulting firm, Maximize Market Research has published a market intelligence and competitive landscape report on the High-Speed Engine Market . The report is a combination of primary data and secondary data and domain experts have analyzed the High-Speed Engine Market from a global point and regional standpoint. Over the forecast period, Maximize Market Research expects the market to grow from USD 23.6 Bn. in 2022 to USD 29.9 Bn. in 2029 at a CAGR of 3.9 percent.

High-Speed Engine Market Report Scope and Research Methodology

Request For Free Sample Report: https://www.maximizemarketresearch.com/request-sample/188030

The High-Speed Engine Market report includes a comprehensive analysis of emerging trends, market drivers, growth opportunities, and major restraints in the industry. It also provides a detailed analysis of the major segments of the High-Speed Engine Market with their sub-segments. The report covers historical data for understanding the past and forecasting future trends in the High-Speed Engine industry. To understand the structure of the market and the prevailing competition in the industry, a thorough regional and competitive analysis of the High-Speed Engine Market is covered in the report. The competitive landscape includes key players in the market along with new entrants. Regional analysis of the market is covered at global, regional, and country levels for understanding the market penetration, dominant players, and growth strategies used by them.

The bottom-up approach was used to estimate the global and regional High-Speed Engine Market size. The main research methodology used by the Maximize Market Research team is data triangulation which involves data mining , analysis of the impact of data variables on the High-Speed Engine Market, and primary (industry expert) validation. The report includes extensive use of secondary sources directories and databases such as Bloomberg, Hoovers, Statista and other government associations. The company websites and private websites have also been used to identify and collect information useful for the technical, market-oriented and commercial study of the High-Speed Engine Market. To provide strengths, weaknesses, opportunities, and threats in the High-Speed Engine Market, a SWOT analysis was used. PESTLE was employed to understand the potential impact of the micro-economic and macro-economic factors affecting the High-Speed Engine Market.

High-Speed Engine Market Overview

High-Speed Engine engines are typically used in high-performance vehicles, including sports cars, supercars, and race cars. They are designed to deliver exceptional power, torque, and acceleration, enabling the vehicles to achieve top speeds. Continuous advancements in engine technology contribute to the growth of the high-speed engine market.

Get a Sample Copy of the Report: https://www.maximizemarketresearch.com/request-sample/188030

High-Speed Engine Market Dynamics

Advancements in engine technology are crucial for the high-speed engine market, playing a pivotal role in enhancing engine performance, efficiency, and reliability. Manufacturers are continuously innovating to improve these aspects by integrating technologies such as direct injection, turbocharging, variable valve timing, and lightweight materials into high-speed engines. These advancements result in increased power output, responsiveness, and fuel efficiency, fostering competition among manufacturers and driving the development of more powerful and efficient high-speed engines.

The automotive industry is currently undergoing a notable transition towards electric and hybrid powertrains. This shift presents both challenges and opportunities for the high-speed engine market. The increasing demand for electric vehicles (EVs) and hybrid vehicles has significantly influenced the market dynamics. In this context, Ferrari holds a prominent position in the high-speed engine market. The company is renowned for its exceptional V8 and V12 engines, which power its sports cars and supercars, solidifying its presence in the industry.

High-Speed Engine Market Regional Insights

North America is expected to be the leading revenue contributor in the High-Speed Engine market during the forecast period. The presence of a well-established industrial sector, technological advancements, and a strong focus on energy efficiency and emissions regulations drive the demand for high-speed engines. The North American high-speed engine market is highly competitive with the presence of both domestic and international manufacturers. Prominent manufacturers in the region include Cummins Inc., Caterpillar Inc., and MTU America among others. These companies offer a wide range of high-speed engines with varying power outputs and applications catering to the diverse needs of industries in North America.

Get Customization on this Report for Specific Research Solutions: https://www.maximizemarketresearch.com/request-customization/188030

High-Speed Engine Market Segmentation

By Speed

By Power Output

High-Speed Engine Market's Key Competitors include:

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Key Offerings:

Key questions answered in the High-Speed Engine Market are:

Maximize Market Research is leading research firm, has also published the following reports:

Automotive Engineering Services Market - The market size is expected to reach USD 303.23 Bn by 2029 at a CAGR of 8.9 percent during the forecast period. The consistently rising consumer trust in engineering services and the significant RD investments made by the automobile industry .

Aircraft Engines Market - Market size was valued at US$ 84.96 Bn and expected to reach US$ 137.47 Bn by 2029, at a CAGR of 6.2% throughout the forecast period.

Heavy Duty Automotive Aftermarket Market - The total Market size is expected to reach USD 105.38 Billion by 2029 at a CAGR of 5.2 percent during the forecast period. The growing popularity of e-commerce channels is driving the growth of the heavy-duty automotive aftermarket market.

Automotive Suspension System Market - The total market size is expected to reach USD 95.94 Bn. by 2029 at a CAGR of 6 percent during the forecast period. The market is expected to be driven by Government and automaker initiatives to introduce commercial electric vehicles.

Automotive Data Cable Market - The market size is expected to reach USD 16.48 Billion by 2029 at a CAGR of 11.5 percent during the forecast period. The rise of electric vehicles (EVs) and autonomous vehicles (AVs) is a major driver impacting the automotive data cable market.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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High-Speed Engine Market to reach USD 29.9 billion by 2029 at a ... - InvestorsObserver

ZUG, Switzerland, May 24, 2023 (GLOBE NEWSWIRE) -- Energy Web, an independent non-profit that develops open-source software for clean energy solutions, today announced the launch of Green Proofs for Bitcoin (GP4BTC), a first-of-its kind initiative to establish an independent, standardized energy measurement system for the Bitcoin mining industry.

GP4BTC will provide transparency into the decarbonization efforts of Bitcoin miners and hosting companies, supporting the industry on its journey to net-zero. As part of the solution, certifications will be issued to Bitcoin miners based on their clean energy use and contributions to grid stability via demand response. By delivering verifiable metrics that are consistent across companies and geographies, GP4BTC will provide recognition and reputational benefit for companies mining sustainably, as well as improved access to institutional finance and other returns on their investments into sustainability practices.

Speaking on the launch of the certification initiative, Amy Westervelt, Senior Delivery Lead and head of the GP4BTC initiative at Energy Web, said Today Bitcoin is scrutinized for its electricity consumption and associated climate impact. While leading miners are pursuing strategies to reduce their carbon footprints, the industry lacks a unifying definition of sustainable mining, as well as a shared framework for assessing and verifying miners sustainability practices. Green Proofs for Bitcoin seeks to provide this.

Launched with five certified miners, the GP4BTC certification platform and registry assesses miners via a Clean Energy Score and a Grid Impact Score, each of which are calculated based on operational information including location and energy consumption data. Together, these scores reflect miners procurement of renewable electricity, siting operations in regions with low grid carbon intensity, and their contributions to grid stability through demand flexibility.

Developed in partnership with over 35 miners, NGOs, grid operators, and other energy and crypto market participants, this approach to scoring is aligned with best practices for sustainability leadership in other industries, and to approaches to corporate ESG reporting in the financial sector and beyond.

Until now, efforts to standardize clean energy procurement practices and drive collective action across the Bitcoin mining sector have been siloed and inconsistent, added Westervelt. While other electricity-intensive industries have benefited from custom decarbonization roadmaps, Bitcoin has largely been ignored, creating a negative feedback loop where climate-conscious miners are left to forge their own paths. Our goal is to create a virtuous cycle where clean mining is easier to define, pursue, and monetizeso that it eventually becomes the status quo.

For miners, GP4BTC offers a solution for miners to provide evidence of clean energy practices. Using Energy Webs privacy-first Green Proofs technology, miners retain full ownership and control of their data. For Bitcoin users and institutions, GP4BTC provides a one-stop-shop for discovering and validating miners' sustainability credentials so they can make data-driven decisions regarding commercial strategy and policy. At launch, certified miners and data centers include Argo Blockchain, Cowa, DMG Blockchain Solutions, Hive Blockchain Technologies, and Gryphon Digital Mining.

DMGs CEO,SheldonBennett, commented, We are pleased to be included among the initial Green Proofs for Bitcoin miner participants. We believe Energy Webs launch of Green Proofs for Bitcoin represents a real first step towards recognizing a broad swath of industry participants for powering their data center equipment utilizing primarily carbon neutral energy sources.

This initiative will settle the basis for long term sustainability within the Bitcoin mining industry. We are proud to contribute to the growth of the ecosystem and to have the ability to certify our commitment towards sustainability, said Fiorenzo Manganiello, co-founder of Cowa.

Decarbonization represents one of the main priorities for the sector, and by providing standardized and verifiable metrics, as well as acknowledging best practices with certifications, initiatives such as Energy Webs Green Proofs for Bitcoin serve a fundamental role in driving industry standards. At Argo, sustainable mining has been at the core of our business model and growth strategy ever since our foundation. We are proud of our GP4BTC certification, and we look forward to contributing to the impact and success of this exciting initiative,said Seif El-Bakly, Interim CEO at Argo Blockchain.

President and CEO of Hive Blockchain Technologies Aydin Kilic commented, In our commitment to be green energy focusedwhich has been our mandate since HIVE went public back in 2017 as the first publicly traded crypto minerwe are glad to see the industry embracing this strategy, and advocates like Energy Web helping to validate and certify the renewable aspects of crypto miners. This makes our industry stronger. We hope that the public, along with policy makers and utility companies, realize that a large contingent of crypto miners are utilizing renewable energy.

Gryphon Digital Minings CEO Rob Chang urges the Bitcoin mining industry to start providing concrete evidence of sustainable mining practices. We need to move past pandering press releases and start offering tangible, coordinated, third-party certifications that confirm clean energy use, Chang emphasized. We believe in GP4BTCs mission and proudly announce that Gryphon is one of the first recipients of its certification. As Bitcoin mining continues to grow, it is critical to prioritize sustainable practices and hold the industry accountable for its impact on the environment.

Energy Web is keen to work with any Bitcoin miner or other party interested in using Green Proofs for Bitcoin. Miners and data centers can learn more about the solution and apply for certification directly at http://www.GP4BTC.org or by contacting gp4btc@energyweb.org.

About Energy Web

Energy Web is a global non-profit accelerating the clean energy transition by developing open-source technology solutions for energy systems. Our enterprise-grade solutions improve coordination across complex energy markets, unlocking the full potential of clean, distributed energy resources for businesses, grid operators, and customers. Our solutions for enterprise asset management, data exchange, and Green Proofs, our tool for registering and tracking low-carbon products, are underpinned by the Energy Web Chain, the worlds first public blockchain tailored to the energy sector. The Energy Web ecosystem comprises leading utilities, renewable energy developers, grid operators, corporate energy buyers, automotive, IoT, telecommunications leaders, and more. More information on Energy Web can be found atwww.energyweb.orgor follow us on Twitter@EnergyWebX

Media contact

Daniyal AjdadiEnergy Webdaniyal.ajdadi@energyweb.org

Gavin CahillSillionGavin.cahill@sillion.co.uk+44 20 3858 7800

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Energy Web Launches Certification for Sustainable Bitcoin Mining - GlobeNewswire