Latest news with #Alexandria
Associated Press
6 hours ago
- Business
- Associated Press
MPR Associates and High Reliability Group Form Novellum Partners LLC to Accelerate Advanced Nuclear Technology Deployment
ALEXANDRIA, Va.--(BUSINESS WIRE)--Jul 30, 2025-- MPR Associates, Inc., a leading engineering and consulting firm, and High Reliability Group LLC, a premier operational excellence consultancy, today announced the formation of Novellum Partners LLC, a joint venture energy and critical infrastructure innovation and strategy consultancy with an initial focus on catalyzing the successful deployment of advanced nuclear technology. Novellum Partners complements MPR's 60+ years of engineering and project delivery expertise and High Reliability Group's proven track record in operational excellence and high-reliability organization development. The new firm is positioned to be the premier strategic advisor in meeting the growing demand for power to support critical infrastructure, such as datacenters. Addressing Critical Market Need The formation of Novellum Partners responds to the unprecedented demand for dispatchable, clean, reliable power driven by artificial intelligence data centers, and industrial loads. With advanced nuclear and other technology moving from development to commercial deployment, there is a critical need for specialized advisory services that can bridge the gap between innovative technology development and successful market implementation. 'The advanced nuclear industry stands at a pivotal moment,' said Bob Coward, Executive Partner of Novellum Partners and former Principal Officer of MPR Associates. 'We have proven technologies ready for deployment, but success requires more than just engineering excellence – it also demands integrated expertise in project and risk management, operations, regulatory strategy, and commercial execution. Novellum Partners brings together the precise combination of capabilities and insights needed to turn the advanced nuclear promise into commercial reality.' Unique Value Proposition Novellum Partners will deliver exceptional value through technical expertise, operational intelligence, and organizational insight to drive innovation and transformational success in critical energy and infrastructure projects. The firm's founding focus centers on accelerating advanced nuclear deployment to strengthen America's energy independence, national security, and economic competitiveness. The firm plans to extend its transformational impact to adjacent mission-critical infrastructure sectors, applying proven methodologies to drive exceptional outcomes across the broader infrastructure landscape. Bob Koonce, Executive Partner of Novellum Partners and Founder of High Reliability Group, emphasized the strategic importance of operational excellence in supporting our growing demand for energy. 'Advanced nuclear technology represents our best path forward for dispatchable, clean, reliable energy, but deployment success requires world-class operational excellence from day one. Our mission is to ensure that these critical projects not only meet their technical objectives but exceed their operational and commercial goals.' Market Opportunity The global advanced nuclear market is projected to grow exponentially over the next decade, with the United States positioned to lead in both technology development and commercial deployment. Novellum Partners is strategically positioned to be an influential enabler of that growth by addressing the critical gap between technological innovation and commercial success. 'We see tremendous opportunity in assembling leadership and talent from across industries to help advanced nuclear stakeholders navigate the journey from technology development and demonstration to fleet deployment,' noted current MPR Principal Officer Tom Lubnow. 'More broadly, with continuing technical innovation from MPR and the addition of Novellum Partners' strategic insight, we will help unleash a full suite of next-generation energy solutions to drive the infrastructure needs for our future economy and security.' About MPR Associates, Inc. MPR Associates is an employee-owned specialty technical and program management services firm founded in 1964 and headquartered in Alexandria, VA, with branch offices in East Lyme, CT, Burlington, MA, and Salt Lake City, UT. The company provides industry-leading, technology development, project management, and asset management services globally, with over 400 active clients in power, health and life sciences, and the federal government. For more information, visit About High Reliability Group LLC Founded in 2016, High Reliability Group specializes in operational excellence consulting for high-consequence industries, with particular expertise in nuclear safety culture, organizational effectiveness, and performance improvement. HRG works with leading energy companies to implement world-class operational standards and safety culture programs. For more information, visit About Novellum Partners LLC Novellum Partners is a strategic consulting firm dedicated to empowering executives and decision-makers to transform complex technical, commercial, and regulatory challenges into successful business outcomes. With a founding focus on accelerating advanced nuclear technology deployment, Novellum Partners combines rigorous technical expertise with operational intelligence and organizational insight to drive innovation and transformational success in critical energy and infrastructure projects. The firm is headquartered in Alexandria, Virginia. View source version on CONTACT: Media Contact: Bob Koonce Novellum Partners LLC 320 King Street, Suite 401 Alexandria, VA 22314 Phone: 703-722-0170 Email:[email protected] Web: KEYWORD: UNITED STATES NORTH AMERICA VIRGINIA INDUSTRY KEYWORD: CONTRACTS OTHER ENERGY PROFESSIONAL SERVICES NUCLEAR ALTERNATIVE ENERGY ENERGY TECHNOLOGY DEFENSE ARTIFICIAL INTELLIGENCE ENGINEERING CONSULTING MANUFACTURING SOURCE: MPR Associates, Inc. Copyright Business Wire 2025. PUB: 07/30/2025 05:24 PM/DISC: 07/30/2025 05:24 PM
Associated Press
17 hours ago
- Business
- Associated Press
CONEXUS supports International Friendship day with Free Connection Events
ALEXANDRIA, VA, UNITED STATES, July 30, 2025 / / -- CONEXUS by Celebrates International Friendship Day with Free Friendship Events July 30 - August 3, 2025 CONEXUS by is proud to announce its support for International Friendship Day on August 3, 2025. To commemorate this special day created by the United Nations, CONEXUS allows free friendship events to help bring people together to nurture meaningful relationships and foster a sense of community. International Friendship Day is a global celebration that recognizes the importance of friendships in our lives. CONEXUS by is committed to creating platforms that facilitate connections and friendships. These free events will provide opportunities for people to meet new friends, strengthen existing bonds, and engage in activities that promote social connections. 'We believe that friendships are essential to our well-being and happiness,' said Pete O'Dell, CEO of 'By enabling these friendship events, we aim to bring people together and celebrate the power of friendships.' 'In a world where digital noise is everywhere, the most meaningful connections still happen face to face.' said Johan Wikman, CTO at 'With Conexus, we're not trying to replace real interaction with tech, we're using technology to make those moments easier to find. That's where the real impact lives.' Individuals can host their own event up to 250 people by registering at People wanting to support international friendship day can participate in CONEXUS's hosted event using this link or QR Code. All identities are shielded using a username and avatar, and no data will be sold/disclosed to outside parties Everyone can join the CONEXUS friendship event using these invites: About CONEXUS by by is a platform that leverages AI technology to facilitate connections and foster meaningful relationships between people at events and gatherings. With a focus on community building and social connections, CONEXUS aims to make a positive impact on people's lives. Peter ODell Perdata Inc +1 202-460-9207 email us here Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Japan Times
2 days ago
- Science
- Japan Times
Rising seas and shifting sands attack ancient Alexandria from below
From her ninth-floor balcony over Alexandria's seafront, Eman Mabrouk looked down at the strip of sand that used to be the wide beach where she played as a child. "The picture is completely different now," she said. The sea has crept closer, the concrete barriers have got longer and the buildings around her have cracked and shifted. Every year, 40 of them collapse across Egypt's second city, up from one on average a decade ago, a study shows. The storied settlement that survived everything from bombardment by the British in the 1880s to attacks by crusaders in the 1160s is succumbing to a subtler foe infiltrating its foundations. The warming waters of the Mediterranean are rising, part of a global phenomenon driven by climate change. In Alexandria, that is leading to coastal erosion and sending saltwater seeping through the sandy substrate, undermining buildings from below, researchers say. "This is why we see the buildings in Alexandria being eroded from the bottom up," said Essam Heggy, a water scientist at the University of Southern California who co-wrote a study published in February describing a growing crisis in Alexandria and along the whole coast. The combination of continuous seawater rises, ground subsidence and coastal erosion means Alexandria's coastline has receded an average of 3.5 meters a year over the last 20 years, he said. Eman Mabrouk, 50, stands on her ninth-floor balcony overlooking Alexandria's corniche, in Alexandria, on April 19. | REUTERS "For many people who see that climatic change is something that will happen in the future and we don't need to worry about it, it's actually happening right now, right here," Heggy said. The situation is alarming enough when set out in the report — "Soaring Building Collapses in Southern Mediterranean Coasts" in the journal "Earth's Future". For Mabrouk, 50, it has been part of day-to-day life for years. She had to leave her last apartment when the building started moving. "It eventually got slanted. I mean, after two years, we were all ... leaning," she said. "If you put something on the table, you would feel like it was rolling." Egypt's government has acknowledged the problem and promised action. Submerged breakwaters reduce coastal wave action and truckloads of sand replenish stripped beaches. Nine concrete sea barriers have been set up "to protect the delta and Alexandria from the impact of rising sea waves," Alexandria's governor, Ahmed Khaled Hassan, said. The barriers stretch out to sea, piles of striking geometric shapes, their clear curves and lines standing out against the crumbling, flaking apartment blocks on the land. Authorities are trying to get in ahead of the collapses by demolishing buildings at risk. Around 7,500 were marked for destruction and 55,000 new housing units will be built, Prime Minister Mostafa Madbouly told a crowd as he stood on one of the concrete barriers on July 14. "There isn't a day that passes without a partial or complete collapse of at least one building that already had a demolition order," Madbouly said. A man fishes by the Mediterranean city of Alexandria on April 20. Sea levels are rising across the world, but they are rising faster in the Mediterranean than in many other bodies of water due partly to the relative shallowness of its basin. | REUTERS Some are hopeful the measures can make a difference. "There are no dangers now ... They have made their calculations," coffee shop owner Shady Mostafa said as he watched builders working on one of the barriers. Others are less sure. Alexandria's 70-kilometer-long coastal zone was marked down as the most vulnerable in the whole Mediterranean basin in the February report. Around 2% of the city's housing stock — or about 7,000 buildings — were probably unsafe, it added. Every day, more people are pouring into the city — Alexandria's population has nearly doubled to about 5.8 million in the last 25 years, swollen by workers and tourists, according to Egypt's statistics agency, CAPMAS. Property prices keep going up, despite all the risks, trackers show. Sea levels are rising across the world, but they are rising faster in the Mediterranean than in many other bodies of water, partly because the relative shallowness of its basin makes it warm up faster. The causes may be global, but the impacts are local, said 26-year-old Alexandria resident Ahmed al-Ashry. "There's a change in the buildings, there's a change in the streets," he said. "Every now and then we try to renovate the buildings, and in less than a month, the renovations start to fall apart. Our neighbours have started saying the same thing, that cracks have started to appear."
Yahoo
3 days ago
- Business
- Yahoo
Oxford Finance Appoints Nick McDearis to Lead ABL Originations, Expands into Traditional ABL Market
ALEXANDRIA, Va., July 28, 2025--(BUSINESS WIRE)--Oxford Finance LLC ("Oxford" or the "Company"), a leading specialty finance firm, is pleased to announce the appointment of Nick McDearis to lead Asset-Based Lending (ABL) Originations. This strategic hire marks a significant milestone as Oxford enters the traditional ABL market. Nick McDearis brings nearly 20 years of experience in the ABL industry and a proven track record of success in originating and structuring complex financing solutions. His expertise and leadership will be instrumental in driving Oxford's growth and diversification strategy. Prior to Oxford, Mr. McDearis was a Managing Director at Ares Management, where he was responsible for originating, underwriting, structuring and executing middle-market sponsored and non-sponsored senior debt investments. Prior to Ares, he held roles at Monroe Capital, AloStar Capital, and First Capital. "We are thrilled to welcome Nick to the Oxford team," said Tracy Maziek, Senior Managing Director & Group Head of Oxford. "Nick's extensive experience and deep understanding of the ABL market make him the ideal leader to spearhead our expansion into the traditional ABL space. This move aligns with Oxford's long-term vision to broaden its service offerings and provide flexible financing solutions to companies in a wider range of industries and with differing needs." Since its inception, Oxford has been a trusted partner in the healthcare sector, providing tailored financial solutions to support the growth and success of its borrowers. With this tactical expansion, Oxford is positioned to fully address the needs of businesses and sponsors in the middle market. "I am excited to join Oxford and spearhead this new business line," said Nick McDearis. "Oxford has an outstanding reputation in the healthcare industry. I look forward to building on that foundation as we expand the Company's product offering with comprehensive and customized financing solutions for asset-based borrowers." About Oxford Finance LLC Oxford Finance LLC is a specialty finance firm providing senior secured loans to public and private companies operating in a variety of industries worldwide. For over 20 years, Oxford has delivered flexible financing solutions to over 700 companies, allowing borrowers to maximize their equity by leveraging their assets. Since 2002, Oxford has originated more than $14 billion in loans. Oxford is headquartered in Alexandria, Virginia, with additional offices serving the greater San Diego, San Francisco, Boston and New York City metropolitan areas. For more information, visit View source version on Contacts For more information, please contact:Amanda SternDirector of MarketingOxford Finance703.519.4900media@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
3 days ago
- Zawya
Egypt: EGPC unveils results of inspection campaign at fuel stations
Arab Finance: The Egyptian General Petroleum Corporation (EGPC) announced the results of its periodic inspection campaign of the petroleum products trading and distribution system, according to a statement. Conducted by the Central Committee for the Control of Petroleum Products Circulation, the campaign took place during the third week of July and covered 26 gas stations in 14 governorates. In the New Valley Governorate, the authority seized a fuel station over collecting large quantities of diesel and gasoline, amounting to 15,700 liters, for illegal disposal, with a fine of EGP 471,000. Moreover, the committee has taken legal action against a diesel tanker driver, as he was caught red-handed on the Abu Zekry axis in Alexandria selling illegal quantities of diesel fuel. The campaign also uncovered tampering with the calibration of nine fuel nozzles at four stations. They were seized in preparation for proper recalibration of the fuel pumps by the Egyptian Organization for Standardization and Quality (EOS). Also, the authority discovered water in a diesel tank at one station and took action immediately to disinfect the tank and ensure the safety of citizens' vehicles. The committee observed several violations at some fuel stations related to safe operating procedures, which resulted in a lack of awareness among employees about the risks of certain operational behaviors, such as smoking inside the station or refueling vehicles while the engine is running. In this regard, stations were required to adhere to safe operating regulations, informing workers about these procedures to ensure the safety of customers and themselves as well. Meanwhile, specialized training programs are being developed for fuel station workers in cooperation with the training centers of the sector's companies. Other programs are also being implemented for fuel depot and tanker truck inspection workers to raise awareness and ensure compliance with safety standards. © 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (
