Waste Management is Quickly Becoming a Staple for Household Service Providers

News provided by

Jul 14, 2022, 09:00 ET

FinancialBuzz.com News Commentary

NEW YORK, July 14, 2022 /PRNewswire/ -- Energy efficiency delivers a number of environmental benefits as it notably reduces greenhouse gas (GHG) emissions. This occurs in both direct emissions from fossil fuel combustion or consumption, and indirect emissions reductions from electricity generation. Currently, a wide range of strategies are available to help organizations reduce GHG emissions including supply chain management, waste reduction and diversion, using high-capacity energy storage systems, increasing fuel efficiency and electrification of transportation, amongst others. However, the broader waste sector alone was responsible for 110.3 million metric tons of carbon dioxide (CO2) equivalent in 2019, according to data from the U.S. EPA's Greenhouse Gas Reporting Program. The waste sector ranks as one of the highest reporting contributors, behind facilities classified under categories such as power plants, oil and gas, non-fluorinated chemicals, refineries, and minerals. E-Home Household Service Holdings Limited (NASDAQ: EJH), NextEra Energy, Inc. (NYSE: NEE), ChargePoint Holdings, Inc. (NYSE: CHPT), Stem, Inc. (NYSE: STEM), Acuity Brands, Inc. (NYSE: AYI).

Overall, the global market for carbon footprint management was estimated at USD 9.5 Billion in the year 2022. Now, it is projected to reach a revised size of USD 12.2 Billion by 2026, while growing at a CAGR of 6% over the analysis period, according to data provided by Global Industry Analysts, Inc. As a result, the market for carbon footprint management, consisting of services and solutions which aid in managing carbon footprint, has begun to garner a greater amount of attention. Carbon footprint services include managed services and professional services that aid in the management of an organization's carbon footprint.

E-Home Household Service Holdings Limited (NASDAQ: EJH) just announced breaking news regarding, a new "carbon neutral" initiative to provide specialized waste classification, energy saving and emission reduction household services.

E-Home plans to launch garbage classification services and incorporate the concept of "emission reduction" into standard door-to-door household cleaning and maintenance services, which involves developing tailor-made garbage bags (decomposable, non-composable, recyclable, non-recyclable etc.) and advocating customers to use this designated service for environment-friendly sorting of waste. The Company is also looking to provide such waste sorting services for public service institutions and has signed contract with a local property management company in Fujian for domestic garbage sorting and dumping.

China aims to have non-fossil energy consumption exceed 80% of its total mix by 2060, when the world's second-biggest economy plans to be carbon neutral, according to guidelines published by the official Xinhua News Agency in October last year. The measures are part of China's larger plan for achieving peak carbon emissions and reaching net-zero by 2060. The report reiterated the government's climate goals for 2025 and 2030 and vowed to accelerate a decline in China's coal use.

Carbon neutral is also not so far away from our day-to-day life. Garbage collection could play a key role in reducing carbon emissions but limited waste collection and poor segregation by households and at landfills make it difficult for recycling works. E-Home has established expertise and experience to provide this specialized service with garbage collection and dumping to help facilitate China's carbon neutral goals. Moreover, China has categorized "Carbon Emission Manager" as a new profession that involves the monitoring, measuring and facilitating consultation on the reduction of carbon and other greenhouse gas emissions. E-Home is also riding on this trend and will combine existing training program and human resources system with skillset related to "carbon neutral" household services to foster transformation of the Company's business into a green profession. The Company plans to provide Carbon Emission Manager training, which should help create new opportunities and jobs for workforce and also diversify E-Home's streams of revenue.

Mr. Wenshan Xie, Chairman and CEO of E-Home, commented: 'We are delighted to announce our carbon neutral project and we believe this new initiative will help create new jobs and work to expand our revenue from household training, boosting our profitability. In recent years we humans are profoundly aware that climate change is a security issue related to the survival and sustainable development of the whole ecosystem. To help facilitate China's carbon neutral goals, E-Home will also seek to adhere to green, low-carbon and circular development via transforming and upgrading our existing high-quality household cleaning and maintenance services.''

NextEra Energy, Inc. (NYSE: NEE) subsidiary NextEra Energy Resources, LLC's subsidiary NextEra Water Texas, LLC announced on July 13th, that it has completed the previously announced acquisition of a portfolio of rate-regulated water and wastewater utility assets in eight counties near Houston, Texas, from Quadvest, L.P. "This acquisition marks our first purchase of water and wastewater assets and furthers our strategy to build a world-class water utility in the coming years," said Bruce Hauk, president of NextEra Water. "We are committed to meeting high standards for the operation of these assets and providing exceptional service to community residents and businesses."

ChargePoint Holdings, Inc. (NYSE: CHPT) announced on March 29th, a partnership with Goldman Sachs Renewable Power (GSRP), a strategic, long-term investor in clean energy projects. Together, ChargePoint and Goldman Sachs Renewable Power are introducing new tailored financing solutions as part of the ChargePoint as a Service® (CPaaS®) product family to reduce upfront costs of EV charging technology for eligible customers. "This partnership with Goldman Sachs Renewable Power reduces the barrier to entry for businesses who have been interested in adopting clean energy but have held back due to lack of tailored financing," said Pasquale Romano, president and CEO of ChargePoint. "Fleet owners, retailers, fueling and convenience providers, transit operators, and logistics firms, among others, can now participate in the new fueling network without the upfront costs and utilization risk typically associated with EV charging."

Stem, Inc. (NYSE: STEM) announced on February 24th, that the Company has been selected to provide smart energy storage solutions in Texas to Available Power ("AP"), a developer that designs, develops, and deploys distributed energy resources and microgrid systems for commercial and industrial real estate. John Carrington, Chief Executive Officer of Stem, commented, "This partnership with Available Power showcases Stem's ability to support developers across the project lifecycle and enable best-in-class management of large portfolios of energy storage projects. Our market-leading Athena® software, advanced BidderTM application, system operating knowledge, and ability to rapidly deploy projects will help Available Power quickly go to market and generate exceptional value."

Acuity Brands, Inc. (NYSE: AYI) announced on February 3rd, a new initiative planned to reduce paper use by more than 15 million sheets and save an estimated 1,500 trees per year through its introduction of scannable QR code instructions. The shift to lessen paper usage aligns the Company's sustainability goals with its digital transformation. "Our products last for years and sometimes decades, and over time, the paper installation instructions are discarded or misplaced. Giving our customers digital access to the documents they need helps minimize waste and makes our product information more accessible," said Trevor Palmer, President, Acuity Brands Lighting and Lighting Controls.  

Subscribe Now! Watch us report LIVE https://www.youtube.com/FinancialBuzzMedia

Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz

Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/

About FinancialBuzz.com

FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the 'Site') is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. FinancialBuzz.com has not been compensated directly by any of the companies mentioned here in this editorial unless mentioned otherwise. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For e-home household service holdings limited. video production, filming editing, news reporting, financial and corporate news dissemination, FinancialBuzz.com has been compensated five thousand dollars by the company. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please visit: http://www.financialbuzz.com

Media Contact:
[email protected]
+1-877-601-1879
www.FinancialBuzz.com

SOURCE FinancialBuzz.com