Cooling And Heating Requirements – Excel Rac http://excel-rac.co.uk/ Sun, 09 Jan 2022 20:15:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 http://excel-rac.co.uk/wp-content/uploads/2021/05/excel-rac-icon-150x150.png Cooling And Heating Requirements – Excel Rac http://excel-rac.co.uk/ 32 32 Purdue researchers create world’s whitest paint | News http://excel-rac.co.uk/2022/01/09/purdue-researchers-create-worlds-whitest-paint-news/ Sun, 09 Jan 2022 20:15:00 +0000 http://excel-rac.co.uk/2022/01/09/purdue-researchers-create-worlds-whitest-paint-news/

WEST LAFAYETTE – A new paint developed by researchers at Purdue University is the coolest – literally.

When Xiulin Ruan, a mechanical engineering teacher at the school, and his graduate students started working on this project seven years ago, they had no intention of inventing a new paint color. Instead, they wanted to find a way to conserve energy and fight climate change. But what they found was that paint could do just that.

This is how Ruan and her team created the whitest paint in the world – a title she recently won in the Guinness World Records, a status never before achieved.

This painting, however, can do more than break world records. It is seen as a breakthrough in sustainability, which could reduce or even eliminate the need for air conditioning, and therefore the energy required to power it.

“The impact of this painting is good for trying to mitigate global warming, the urban heat island effect and the electricity crisis,” said Xiangyu Li, postdoctoral researcher at the Massachusetts Institute of Technology who worked on this project as a doctoral student. . student in Ruan’s lab. “But what I love the most is that it could have a direct impact on people’s electricity bills, and it’s something everyone can relate to.”

Developing the formula for this paint was not easy. The multi-year study builds on efforts to create a refreshing paint as an alternative to traditional air conditioning that dates back to the 1970s.

The researchers looked at over 100 different materials and narrowed their options down to 10. From there, the lab tested about 50 different formulations for each material.

“I started looking at every white material in my daily life,” Li said.

It was then that they found barium sulfate. The paint is based on two key characteristics: the concentration and size of the barium sulfate compound.

The paint has a very high concentration of the compound, which is also used to make photo paper and white cosmetics. It also contains barium sulfate particles of different sizes in the paint.

Most white paints have a single particle size that reflects the visible part of the solar spectrum, but they absorb more ultraviolet and infrared light, according to Joseph Peoples, a doctoral student. candidate for Purdue School of Mechanical Engineering who also worked in Ruan’s lab.

“The biggest challenge has been making the paint as reflective as possible across the entire solar spectrum,” Peoples said.

The amount of light that each barium sulfate particle diffuses depends on its size, Peoples said. Thus, having a wider range of particle sizes allows the paint to diffuse more of the light spectrum.

Researchers believe this whitest white paint is probably the closest equivalent of Vantablack, the blackest black paint that absorbs up to 99.9% of visible light. The painting Ruan’s lab landed on reflects up to 98.1 percent of sunlight, the research shows. This compares to other highly reflective paints on the market which reflect between 80-90% of the light.

Because Ruan’s painting reflects almost all of the incoming sunlight, it does not consume any energy. Then it goes even further, emitting thermal energy into space beyond Earth’s atmosphere, which means it sends out more heat than it absorbs.

“Let’s say it’s a dry, sunny day outside and the temperature is 85 degrees Fahrenheit,” a surface covered in Purdue paint “will be around 75 degrees Fahrenheit,” Peoples said. “The paint cools below room temperature, creating free refrigeration, with no input of electricity.”

By lowering the surface temperatures of buildings painted with this white paint, the interior temperatures of said buildings are also lowered. If buildings do not heat up because of the sun, it either reduces the need to turn on their air conditioning this high or eliminates it altogether.

“If you were to use this paint to cover a roof area of ​​about 1,000 square feet, we estimate that you could get 10 kilowatts of cooling power,” Ruan said in a statement. “It’s more powerful than the central air conditioners used by most homes.”

Ruan is working to bring the paint to market and therefore his schedule did not allow him to speak with IndyStar.

Although the 98% to 90% difference may not seem large, Li said that before, a building absorbed 10% of sunlight and now only absorbs 2%. . “

When most people think of reducing carbon emissions, they think of the transportation industry and industry. However, buildings generate nearly 40% of the world’s annual energy-related CO2 emissions, according to the United Nations climate report. In Indianapolis, 66% of community-wide greenhouse gas emissions come from buildings, the city said. The majority of these emissions are the result of building operations such as cooling and heating.

Therefore, reducing cooling means using less energy produced by fossil fuels such as coal and natural gas, which could lead to reduced carbon emissions that cause climate change.

“I think the discovery of white paint has potentially significant long-term implications,” said Jeff Dukes, executive director of the Purdue Climate Change Research Center. “In many parts of the world where we want to cool our buildings for most or all of the year for comfortable spaces, this could mean significant energy savings potential. “

The whitest paint can also help reduce the urban heat island effect, according to Peoples. Urban heat islands are the result of cities replacing natural land cover with pavements, buildings and other materials that absorb and retain heat. This increases energy needs, pollution levels and heat-related illnesses.

Climate change is causing more frequent and severe heat waves. According to research conducted at the Dukes center, Indiana could see up to 30 more days above 95 degrees by mid-century.

The recent UN climate change report issued a “code red for humanity” regarding the climate crisis, and stressed the importance of taking swift action to reduce emissions. This paint might just be a tool in that toolbox, Dukes said.

For the everyday American, the paint could also make a big difference to their pockets, Li said, because it essentially creates free air conditioning.

For a one-story house of about 1,000 square feet, paint could save about a dollar a day that would have been spent on air conditioning. This comes down to about $ 30 per month or nearly $ 360 per year in electricity savings.

“Painting has the advantage of saving on electricity bills and at the same time helping to save the earth,” Li said, “it connects with everyone.”

This paint could be used in multiple ways, according to the researchers. Most evident is on commercial and residential buildings, both on their roofs, which face direct sunlight, and on side walls.

But the researchers add that it could even go so far as to be applied to roads or cars to help cool the earth’s surface on an even larger scale.

The team has applied for a patent for the paint and is currently undergoing the necessary tests to bring it to market on a large scale. Ruan and his lab are working with a trading company to ensure the paint meets the reliability requirements for exterior paints and is able to withstand the elements.

There is no timeline for when the paint will hit store shelves, Li said, but it will likely be a few years before customers can purchase it at their local hardware store. Purdue’s paint should be competitive with other exterior paints, he added, and use a similar manufacturing process so that it isn’t difficult to produce.

“Our goal is that if we can bring it to market, it will be like buying any other white paint,” Li said. “The most important way to get the most out of scientific innovation in this field is to ensure that more and more people can use it. “

That’s why Ruan and his graduate students loved the idea of ​​a painting: it’s accessible and easy.

Nonetheless, they recognize that it will be difficult to get people to adopt and use white paint. Especially from a residential perspective, many homeowners might not be used to seeing white walls or they might want their home to stand out from the crowd on their street.

“People aren’t already using white paint everywhere to try and keep buildings cool,” Dukes said, “so the question is, how many people are going to use it?”

The city of Indianapolis said it had ideas on how to increase adoption of such practices. The sustainability office is always looking to make better use of the incentives it can harness and encourage residents to use these types of materials, office executive director Morgan Mickelson said.

City officials also recently enacted a Benchmarking and Transparency Ordinance to help improve the energy and water efficiency of buildings in Indianapolis. Building owners participating in the program are required to measure their buildings’ water and energy use annually and report annually. With that data, they can then work with the city to find ways to make reductions.

Mickelson said she believes this painting, when available, could be a key way to achieve this.

“Our built environment presents one of the greatest opportunities to dramatically reduce greenhouse gas emissions,” she said, adding that the city will try to find ways to use this paint on its own buildings. when it becomes available.

“Having the whitest white paint from Purdue University is so exciting,” Mickelson added, “especially to be an institution in Indiana leading this type of work.”

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Weekly bytes | BMW’s color-changing car, Alexa’s flight to the moon, and more http://excel-rac.co.uk/2022/01/08/weekly-bytes-bmws-color-changing-car-alexas-flight-to-the-moon-and-more/ Sat, 08 Jan 2022 10:34:27 +0000 http://excel-rac.co.uk/2022/01/08/weekly-bytes-bmws-color-changing-car-alexas-flight-to-the-moon-and-more/

Here’s our curated list of important tech news from this week in byte size.

BMW’s color-changing car

BMW has unveiled a car that can change colors at the driver’s request. The surface of the BMW iX Flow is equipped with E Ink technology which allows the appearance of the vehicle to be changed. According to the automaker, the fluid color changes are made possible by a specially developed body wrap. When stimulated by electrical signals, electrophoretic technology brings different color pigments to the surface, causing the skin of the body to take on the desired color. The technology only needs energy during the short phase of color change. It can help tailor a vehicle’s exterior based on the driver’s aesthetic preferences, environmental conditions, or even functional requirements. In addition, it can help reduce the amount of cooling and heating required by the vehicle’s air conditioning, thereby reducing the amount of power that the vehicle’s electrical system requires and, therefore, the consumption of fuel or electricity. of the vehicle, noted the German automobile company. This week, BMW also previewed a 31-inch widescreen display with smart TV functions that extends from the roof of a car to provide an immersive in-car entertainment experience for rear passengers.

(Sign up for our technology newsletter, Today’s Cache, for information on emerging themes at the intersection of technology, business and politics. Click here to subscribe for free.)

Alexa will fly to the moon with NASA’s Artemis mission

Amazon Alexa and Cisco’s Webex will fly aboard the Orion spacecraft built by Lockheed Martin for NASA’s Artemis I mission to the Moon, which is currently scheduled to launch in early 2022. Human-machine interface technologies are going in. space as part of Callisto, a technology demonstration built into the spacecraft. The payload includes technology that will allow Alexa to work without an internet connection and Webex to run on a tablet using NASA’s Deep Space Network. It will be an opportunity to learn how future astronauts could benefit from far-field voice technology, AI and tablet video collaboration. People can follow the mission on Alexa-enabled devices by saying “Alexa, take me to the moon”. In another space-related development, the Indian Space Research Organization is gearing up for a number of missions in 2022, including the launch of Gaganyaan’s first unmanned mission, its chairman, K. Sivan, said.

Asus announces 17-inch foldable laptop

Asus announced the Zenbook 17 Fold OLED, a 17.3-inch laptop with a revolutionary foldable design. It offers two OLED screen sizes in one device: a large 17.3-inch 2.5K touchscreen that folds down in the middle to create two 12.5-inch 1920×1280 transparent screens. In combination with the full-size Asus ErgoSense Bluetooth keyboard and touchpad, the foldable design offers the versatility of multiple modes, such as PC, laptop and tablet. It includes Dolby Vision HDR as well as Dolby Atmos and a Harman Kardon certified four-speaker audio system. The foldable device is powered by the latest 12th generation Intel Core i7 U-Series processors, Intel Iris Xe graphics, and will meet the demands of an Intel Evo laptop. The Asus laptop will be available for purchase in mid-2022. In another update, Asus recently unveiled a series of laptops aimed at content creators as it envisions a 20% share. in the Indian consumer PC segment in 2022.

Twitter reaction functionality on iOS

Twitter said it has started testing a new feature on iOS that allows users to add a reaction photo or video when using the quote tweet feature. Users can tap the retweet icon and choose the “Quote from tweet with reaction” option to create and customize their own tweet take, including a reaction video or photo with the tweet embedded, the plate noted. – micro-blogging form. Users have the option to capture the live photo or video or add it from their media library. The social media platform is testing another feature on iOS that will make it easier for users to compose a tweet. It adds a new compose bar above the bottom navigation menu which will allow users to start a tweet from the timeline page, instead of hitting the “+” button which opens a screen to compose a. tweet. The features are available to a limited number of people, according to Twitter. In a separate development, former US President Donald Trump’s new media venture plans to launch his social network, dubbed “Truth Social,” in February to take on Twitter and other social media platforms.

Samsung announces Galaxy S21 FE 5G

Samsung has announced that the S21 FE 5G smartphone is expanding its Galaxy S21 series. The “Fan Edition” device is equipped with fan favorite features, such as powerful performance, a professional-grade camera and the premium and signature design of the S21 series. The smartphone has a 6.4 inch FHD + Dynamic AMOLED 2X display; 32MP selfie camera; rear camera setup including 12MP, 12MP wide and 8MP ultra-wide telephoto lenses; with a 4,500 mAh battery. The IP68 rated device will be available in 6 GB or 8 GB of RAM with 128 GB of storage and 8 GB of RAM with 256 GB of storage combinations. The Galaxy S21 FE 5G will be available in four new color options – Olive, Lavender, White, or Graphite, starting January 11. This week, Samsung also expanded its monitor lineup with a new curved-screen gaming monitor dubbed the Odyssey Neo G8, as well as Smart Monitor M8, which offers both TV and monitor functions.

You can find out more at thehindu.com/technology

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Purdue researchers create world’s whitest white paint http://excel-rac.co.uk/2022/01/02/purdue-researchers-create-worlds-whitest-white-paint/ Sun, 02 Jan 2022 06:02:20 +0000 http://excel-rac.co.uk/2022/01/02/purdue-researchers-create-worlds-whitest-white-paint/

WEST LAFAYETTE, Ind. – A new paint developed by researchers at Purdue University is the coolest – literally.

When Xiulin Ruan, a mechanical engineering teacher at the school, and his graduate students started working on this project seven years ago, they had no intention of inventing a new paint color. Instead, they wanted to find a way to conserve energy and fight climate change. But what they found was that paint could do just that.

This is how Ruan and her team created the whitest paint in the world – a title she recently won in the Guinness Book of World Records, a status never before achieved.

This painting, however, can do more than break world records. It is seen as a breakthrough in sustainability, which could reduce or even eliminate the need for air conditioning, and therefore the energy required to power it.

“The impact of this painting is good for trying to mitigate global warming, the urban heat island effect and the electricity crisis,” said Xiangyu Li, postdoctoral researcher at the Massachusetts Institute of Technology who worked on this project as a doctoral student. . student in Ruan’s lab. “But what I love the most is that it could have a direct impact on people’s electricity bills, and it’s something everyone can relate to.”

Developing the formula for this paint was not easy. The multi-year study builds on efforts to create a refreshing paint as an alternative to traditional air conditioning that dates back to the 1970s.

The researchers looked at over 100 different materials and narrowed their options down to 10. From there, the lab tested about 50 different formulations for each material.

“I started to look at all the white materials in my daily life,” Li said.

It was then that they found barium sulfate. The paint is based on two key characteristics: the concentration and size of the barium sulfate compound.

The paint has a very high concentration of the compound, which is also used to make photo paper and white cosmetics. It also contains barium sulfate particles of different sizes in the paint.

Most white paints have a single particle size that reflects the visible part of the solar spectrum, but they absorb more ultraviolet and infrared light, according to Joseph Peoples, a doctoral student. candidate for Purdue School of Mechanical Engineering who also worked in Ruan’s lab.

“The ‘biggest challenge was to make the paint as reflective as possible across the entire solar spectrum,” Peoples said.

The amount of light that each barium sulfate particle diffuses depends on its size, Peoples said. Thus, having a wider range of particle sizes allows the paint to diffuse more of the light spectrum.

Researchers believe this whitest white paint is probably the closest equivalent of Vantablack, the blackest black paint that absorbs up to 99.9% of visible light. The painting Ruan’s lab landed on reflects up to 98.1 percent of sunlight, the research shows. This compares to other highly reflective paints on the market which reflect between 80-90% of the light.

Because Ruan’s painting reflects almost all of the incoming sunlight, it does not consume any energy. Then it goes even further, emitting thermal energy into space beyond Earth’s atmosphere, which means it sends out more heat than it absorbs.

“Let’s say it’s a dry, sunny day outside and the temperature is 85 degrees Fahrenheit,” a surface covered in Purdue paint “will be around 75 degrees Fahrenheit,” Peoples said. “The paint cools below room temperature, creating free refrigeration, without any input of electricity. “

By lowering the surface temperatures of buildings painted with this white paint, the interior temperatures of said buildings are also lowered. If buildings do not heat up because of the sun, it either reduces the need to turn on their air conditioning this high or eliminates it altogether.

“If you were to use this paint to cover a roof area of ​​about 1,000 square feet, we estimate that you could get 10 kilowatts of cooling power,” Ruan said in a statement. “It’s more powerful than the central air conditioners used by most homes. “

Ruan is working to bring the paint to market and therefore his schedule did not allow him to speak with IndyStar.

Although the 98% to 90% difference may not seem large, Li said that before, a building absorbed 10% of sunlight and now only absorbs 2%. advantages.’

When most people think of reducing carbon emissions, they think of the transportation sector and industry. However, buildings generate nearly 40% of the world’s annual energy-related CO2 emissions, according to the United Nations climate report. In Indianapolis, 66% of community-wide greenhouse gas emissions come from buildings, the city said. The majority of these emissions are the result of building operations such as cooling and heating.

Therefore, reducing cooling means using less energy produced by fossil fuels such as coal and natural gas, which could lead to reduced carbon emissions that cause climate change.

“I think the discovery of white paint has potentially significant long-term implications,” said Jeff Dukes, executive director of the Purdue Climate Change Research Center. “In many parts of the world where we want to cool our buildings for most or all of the year for comfortable spaces, this could mean significant energy savings potential.”

The whitest paint can also help reduce the urban heat island effect, according to Peoples. Urban heat islands are the result of cities replacing natural land cover with pavements, buildings and other materials that absorb and retain heat. This increases energy needs, pollution levels and heat-related illnesses.

Climate change is causing more frequent and severe heat waves. According to research conducted at the Dukes center, Indiana could see up to 30 more days above 95 degrees by mid-century.

The recent UN climate change report issued a “code red for humanity” regarding the climate crisis, and stressed the importance of taking swift action to reduce emissions. This paint might just be a tool in that toolbox, Dukes said.

For the everyday American, the paint could also make a big difference to their pockets, Li said, because it essentially creates free air conditioning.

For a one-story house of about 1,000 square feet, paint could save about a dollar a day that would have been spent on air conditioning. This comes down to about $ 30 per month or nearly $ 360 per year in electricity savings.

“Painting has the advantage of saving on electricity bills and at the same time helping to save the earth,” Li said, “it connects with everyone.”

This paint could be used in multiple ways, according to the researchers. Most evident is on commercial and residential buildings, both on their roofs, which face direct sunlight, and on side walls.

But the researchers add that it could even go so far as to be applied to roads or cars to help cool the earth’s surface on an even larger scale.

The team has applied for a patent for the paint and is currently undergoing the necessary tests to bring it to market on a large scale. Ruan and his lab are working with a trading company to ensure the paint meets the reliability requirements for exterior paints and is able to withstand the elements.

There is no timeline for when the paint will hit store shelves, Li said, but it will likely be a few years before customers can purchase it at their local hardware store. Purdue’s paint should be competitive with other exterior paints, he added, and use a similar manufacturing process so that it isn’t difficult to produce.

“Our goal is that if we can bring it to market, it will be like buying any other white paint,” Li said. “The most important way to get the most out of scientific innovation in this field is to ensure that more and more people can use it. “

That’s why Ruan and his graduate students loved the idea of ​​a painting: it’s accessible and easy.

Nonetheless, they recognize that it will be difficult to get people to adopt and use white paint. Especially from a residential perspective, many homeowners might not be used to seeing white walls or they might want their home to stand out from the crowd on their street.

“People aren’t already using white paint everywhere to try to keep buildings cool,” Dukes said, “so the question is, how many people are going to use it? “

The city of Indianapolis said it had ideas on how to increase adoption of such practices. The sustainability office is always looking to make better use of the incentives it can harness and encourage residents to use these types of materials, office executive director Morgan Mickelson said.

City officials also recently enacted a Benchmarking and Transparency Ordinance to help improve the energy and water efficiency of buildings in Indianapolis. Building owners participating in the program are required to measure their buildings’ water and energy use annually and report annually. With that data, they can then work with the city to find ways to make reductions.

Mickelson said she believes this painting, when available, could be a key way to achieve this.

“Our built environment offers one of the greatest opportunities for significantly reducing greenhouse gas emissions,” she said, adding that the city will try to find ways to use this paint on its own buildings. when it becomes available.

“Having the whitest white paint from Purdue University is so exciting,” Mickelson added, “especially to be an institution in Indiana leading this type of work.”

Source: The Indianapolis Star

Source link

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Purmo Group Plc was formed and registered, following the merger of Virala Acquisition Company and Purmo Group; Purmo Group Plc Board of Directors holds inaugural meeting http://excel-rac.co.uk/2021/12/31/purmo-group-plc-was-formed-and-registered-following-the-merger-of-virala-acquisition-company-and-purmo-group-purmo-group-plc-board-of-directors-holds-inaugural-meeting/ Fri, 31 Dec 2021 10:21:05 +0000 http://excel-rac.co.uk/2021/12/31/purmo-group-plc-was-formed-and-registered-following-the-merger-of-virala-acquisition-company-and-purmo-group-purmo-group-plc-board-of-directors-holds-inaugural-meeting/

DO NOT DISTRIBUTE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR IN UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE, SOUTH AFRICA OR ANY OTHER JURISDICTION IN THE DISTRIBUTION, PUBLICATION OR DISTRIBUTION CONSTITUTES A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. FOR MORE INFORMATION, PLEASE SEE “IMPORTANT INFORMATION” BELOW.

Purmo Group (“Purmo Group“or the”Society”) Announces that the statutory merger by absorption of Purmo Group Ltd. in Virala Acquisition Company Plc (“ACC“) (the “Merger”) Has been registered with the Finnish Commercial Register on the effective date of the Merger on December 31, 2021. As a result, Purmo Group Ltd. was dissolved and ACC became Purmo Group.

Trading of existing merger shares and class C shares on the official list of Nasdaq Helsinki Ltd will start on January 3, 2022 under the commercial code PURMO (ISIN code: FI4000507488).

Based on the new class C shares issued in consideration of the merger to the shareholders of Purmo Group Ltd, the total number of class C shares of Purmo Group Plc is 40,374,531 shares, the total number of all shares is of 41 939 748 and the share capital is 3,080,000 euros.

Inaugural Meeting of the Board of Directors of Purmo Group Plc

The Extraordinary General Assembly of Virala Acquisition Company Plc to December 13, 2021 elected the following people to the board of directors to Purmo Group: Tomas von rettig as president, Matt Rosenberg as vice-president, and Alexandre ehrnroot, Carina Edblad, Carlo Grossi, Jyri Luomakoski and Catherine stackelberg as members.

The board of directors of Purmo Group held its inaugural meeting today and has decided to establish a Compensation Committee and a Mergers and Acquisitions Committee in addition to the current Audit Committee.

The Board of Directors elected the following members to the Board committees:

  • Jyri Luomakoski as chairman of the audit committee with Matt Rosenberg and Alexandre ehrnroot as members of this committee;
  • Tomas von rettig as Chairman of the Compensation Committee with Catherine stackelberg and Carina Edblad as members of this committee; and
  • Matt Rosenberg as Chairman of the M&A Committee with Alexandre ehrnroot and Carlo Grossi as members of this committee.

The Board of Directors has assessed the independence of the members of the Board and concluded that all members of the Board of Directors are independent of the Company. Carina Edblad, Carlo Grossi, Jyri Luomakoski and Catherine stackelberg are also independent of the Company’s significant shareholders. Alexandre ehrnroot is not independent of a major shareholder of the Company, Viral society and Tomas von rettig and Matt Rosenberg are not independent of a major shareholder of the Company, Rettig Group SA

The board of directors has decided to appoint John Peter Leesi as CEO of the Company. The Board of Directors has further decided to appoint the following persons within the management team of the company:

  • Erik Hedin, Financial director
  • Mike Conlon, Senior Vice President, Indoor Air Conditioning Systems Division
  • Linda currie, Human Resources Director
  • Tomasz Tarabura, Senior Vice President, Radiators Division

In addition, the Board of Directors formally adopted the financial objectives, dividend policy and strategy of the Company, which had previously been set by Purmo Group Ltd. and announced on November 30, 2021.

Tomas von rettig, Chairman of the Board of Directors of Purmo Group Plc, comments:

“The merger of Purmo Group Ltd. with VAC and subsequent list of new Purmo Group on the Nasdaq Helsinki is a historic achievement that will support the Purmo Group’s growth strategy and our value creation program. With our strong management team, supported by our newly appointed Board of Directors, we are well positioned to achieve our strategic goal of becoming the global leader in sustainable indoor climate comfort solutions and achieving our ambitious financial goals.

John Peter Leesi, CEO of Purmo Group, comments:

“Since the merger of ACC and Purmo Group was announced in September 2021, the need for energy-efficient and sustainable indoor climate comfort solutions has further intensified. Thanks to our wide range of products and our brands recognized for their quality and innovation, we are uniquely positioned to offer the market the most intelligent indoor air conditioning systems and solutions possible. Our growth ambitions are clear. With our management team and committed employees, and supported by our long-standing relationships with wholesalers through Europe, Russia and China, we feel at ease in our new coming journey. I am very excited to launch the next phase of the Purmo Group and lead Purmo Group as a listed company with a clear ambition to become the world market leader in indoor climate comfort solutions.

PURMO SA GROUP

More information

Erik Hedin, CFO, +44 (0) 7979 363473

Josefina Tallqvist, Investor Relations: +358 (0) 40 745 5276

Distribution

Nasdaq Helsinki Ltd
Main media
investors.purmogroup.com

Purmo Group is a leader in sustainable indoor climate comfort solutions in Europe. We provide complete heating and cooling solutions to residential and non-residential buildings, including radiators, towel warmers, underfloor heating, convectors, valves and controls. Our mission is to be the world leader in sustainable indoor climate comfort solutions. Our 3,500 employees operate at 46 sites in 21 countries, manufacturing and distributing premium products and solutions to customers in more than 100 countries around the world. www.purmogroup.com

Important information
Distribution of this press release may be restricted by law and persons in possession of any document or other information mentioned in this document should inform themselves of and comply with these restrictions. The information contained in this document is not intended to be published or distributed, in whole or in part, directly or indirectly, in or in United States, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa or any other jurisdiction where such publication or distribution would violate applicable laws or rules or require additional documents to be completed or registered or action taken in addition to the requirements of Finnish law. Any breach of these restrictions may constitute a violation of the securities laws of such jurisdiction. This release is not intended for, and is not intended for distribution or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction where a such distribution, publication, availability or use would be contrary to law or regulation or which would require registration or license in that jurisdiction.
This press release does not constitute an offer of shares in consideration for the merger in United States and it is not intended for distribution in or in United States or in any other jurisdiction in which such distribution would be prohibited by applicable law. The Merger Compensation shares have not been and will not be registered under the we Securities Act of 1933 (the “Securities Act“), and may not be offered, sold or delivered in or in United States, except by virtue of an applicable exemption or in connection with a transaction not subject to the Securities Act.
This press release is for informational purposes only and does not constitute an offer or invitation by or on behalf of VAC, Rettig Group SA Where Purmo Group, or any other person, to purchase securities.
This press release does not constitute a prospectus. Any decision relating to the merger by statutory absorption of Purmo Group in VAC must be made solely on the basis of the information to be included in the prospectus relating to the Merger as well as on an independent analysis of the information contained therein. You should consult the prospectus for more complete information about ACC, Purmo Group, their respective subsidiaries, their respective titles and the Merger. No part of this press release, or the fact of its distribution, should form the basis of, or be relied upon in connection with, any contract or commitment or investment decision of any kind. The information in this press release has not been independently verified, does not claim to be complete or complete, and may be subject to change. No representation, warranty or commitment, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of any information or opinions contained in the this document. Neither ACC, Rettig Group SA Where Purmo Group, nor any of their respective affiliates, advisers or representatives or any other person, shall be liable (by negligence or otherwise) for any loss resulting from the use of this version or its contents or arising in any other way from this version. Each person should rely on their own review and analysis of VAC, Purmo Group, their respective titles and the Merger, including the merits and the risks involved. The transaction may have tax consequences for Purmo Group shareholders, who should seek their own tax opinion.
This press release includes “forward-looking statements” which are based on current plans, estimates, projections and expectations and are not guarantees of future performance. They are based on certain expectations and assumptions which, although they seem reasonable at this time, may prove to be incorrect. Shareholders should not rely on these forward-looking statements. Many factors may cause the actual results of operations or the financial condition of the Combined Company to differ materially from those expressed or implied in the forward-looking statements. Neither ACC nor Purmo Groupnor any of their respective affiliates, advisers or representatives or any other person undertakes to review, confirm or publicly publish any revision of any forward-looking statement to reflect events or circumstances that arise after the date of this release.
Nordea Abp Bank (“Nordea“) and Skandinaviska Enskilda Banken AB (publ) Helsinki branch (“Seb”) Act as financial advisers to VAC on certain matters outside of United States and no one else in connection with the matters mentioned herein, and shall not be liable to anyone other than VAC for providing the protections afforded to clients of Nordea and SEB, or for giving advice in relation to the transaction. or any question or arrangement referred to in this version.

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No more firewood in New York? http://excel-rac.co.uk/2021/12/30/no-more-firewood-in-new-york/ Thu, 30 Dec 2021 05:07:16 +0000 http://excel-rac.co.uk/2021/12/30/no-more-firewood-in-new-york/

The days of heating your home with a wood-fired furnace may be fading away in New York State. There’s a law pending in New York who will start banning heaters that create carbon emissions.

This bill known as New York State Climate Leadership and Community Protection Act was signed in 2019 and will start to have a big impact in 2022.

Sections 2 and 3 of the bill would amend the Environmental Conservation Act to establish the New York State Climate Action Council, greenhouse gas emission limits and requirements for declaration, as well as provisions to deal with potential impacts on disadvantaged communities.

READ: New York’s Weirdest Stories in 2021

According to the bill, this part of the law will come into force in October.

The bill would come into force on the same date as a chapter of the 2019 law relating to a standing advisory group on environmental justice as proposed, except that the community air monitoring program required by article 2 of the law will enter into force on October 1, 2022.

Similar to the reasons there there will be no gasoline ATVs available in New York State, this new law aims to put an end to the damage caused to the environment by outdoor boilers / wood-fired ovens.

READ: New York’s tallest tree gone missing

These laws will be implemented in phases, but we need to prepare for them as we prepare to start a new year in New York State.

Then and Now: How Fast Food Restaurants in the Hudson Valley Have Changed

While many of your favorite Hudson Valley fast food restaurants have stayed in one place for decades, their buildings are almost unrecognizable from what they once looked like.

Hudson Valley restaurants with the most critical violations in 2021

Critical infractions are those that can cause immediate harm to consumers, such as undercooked food and improper storage of ingredients. Other violations such as inadequate hand washing facilities or dirty conditions are noted as non-critical violations.

The ten restaurants below all received four or more critical violations during their last inspection in 2021. In some cases, restaurants have been given the opportunity to correct violations by inspectors and have done so. Just because a restaurant is on this list does not mean that it is currently breaking the health code. However, the Board of Health thinks it’s important to be armed with information about how seriously a restaurant takes kitchen cleanliness, food safety, and other important rules that affect the food you give to. your family.

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The clothing industry continues its sustainability marathon http://excel-rac.co.uk/2021/12/25/the-clothing-industry-continues-its-sustainability-marathon/ Sat, 25 Dec 2021 18:00:00 +0000 http://excel-rac.co.uk/2021/12/25/the-clothing-industry-continues-its-sustainability-marathon/

The world is more environmentally conscious than ever as the threats of pollution become more evident.

Fashion, being one of the most polluting industries, can no longer shirk its responsibilities.

The 26th United Nations Conference of the Parties on Climate Change (COP26) in Glasgow witnessed a loud presence from the fashion industry, as it is now seen as a central part of the climate conversation due to of its role in the climate crisis.

This is a great incentive for the industry to act to protect the environment from the impacts of climate change.

As the world’s second-largest apparel exporter, Bangladesh’s textile industry has made great strides in recent years by integrating sustainability into the heart of its operations.

This is clear from the fact that Bangladesh has the largest number of green clothing factories in the world with 152 LEED certified green factories, of which 44 are platinum rated and 94 are gold rated.

In addition, 40 of the world’s top 100 green factories belong to Bangladesh while another 500 are in the process of being certified. This proves our willingness to focus on environmental sustainability.

Additionally, given the severity of global warming, we are determined and determined to pursue the environmental sustainability we have achieved so far.

That is why, leading a delegation from the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) to COP26, we reaffirmed our commitment to climate action.

We previously signed the Fashion Industry Charter for Climate Action of the UNFCCC, which calls for a 30% reduction in greenhouse gas emissions from the clothing sector by 2030.

Moreover, it was indeed a great pleasure and an honor for us to represent Bangladesh at the COP26 by installing a “Bangladesh Pavilion” at the official venue of the summit.

The pavilion looked like a mini-Bangladesh at the top, attended by at least 120 heads of state and representatives from nearly 200 countries.

Our main goal was to showcase all the good work of the Bangladesh garment industry on sustainability while highlighting the green revolutions in our factories.

We presented the Garment Industry 2020 Sustainability Report, which was formulated on the basis of the Global Reporting Initiative (GRI) as well as its SDG reports on 47 member factories.

In addition, a video presentation on progress towards sustainability in the Bangladesh textile industry was shown at the Bangladesh Pavilion.

The presentation attracted a good number of visitors, including many brands and international media, who praised the achievements of the Bangladesh garment industry in the field of environmental sustainability.

As such, the summit has proven to be a great opportunity for us to highlight the initiatives taken so far to mitigate climate change, renew our commitment and seek cooperation for capacity building and green finance. .

Participation in COP26 was also an opportunity to keep up the pace of sartorial diplomacy, which we kicked off in September with a month-long tour of the United States and Canada.

Following this tour, this time, with BGMEA Vice President Miran Ali, Directors Asif Ashraf and Abdullah Hil Rakib, and Shasha Denims Ltd Managing Director Shams Mahmud, I visited three European countries, namely the United Kingdom, Belgium and Scotland.

Although COP26 and climate change were the focus of the tour, we have organized various meetings with supply chain actors.

In these meetings, we not only highlighted the progress and potential of Bangladesh’s garment sector, but also discussed what international supply chain partners can do to complement manufacturers’ efforts to mitigate climate change.

For example, on the sidelines of the COP26 summit, we met Primark, one of the leading Bangladeshi clothing buying brands.

We have expressed our support for the goals Primark has set for itself to change the way its clothing is made, halve carbon emissions throughout the supply chain and improve the lives of workers.

To explore profitable ways of green financing in the apparel industry, we met with Fund Director Bob Assenberg and Director Bernadette Blom of the Good Fashion Fund (GFF) in Antwerp, Belgium.

BGMEA and GFF have already signed a Memorandum of Understanding to support and strengthen the development and adoption of innovative sustainability solutions with a focus on improving environmental and social sustainability in our factories.

Under the agreement, the GFF will provide a long-term loan as well as technical, environmental and social expertise to manufacturers to adopt sustainable production.

In Belgium, I had the pleasure of attending the Board meeting of the International Apparel Federation (IAF) and the 36th IAF World Fashion Convention. There, I briefed the public on the current state of the garment industry in Bangladesh and its impressive progress, especially in the areas of workplace safety, environmental sustainability and worker well-being.

It should be mentioned that the next IAF Fashion Convention will be held in Dhaka in November 2022, which will be an important occasion for us.

To mark the occasion, we are planning to organize a week-long international program, titled ‘Made in Bangladesh Week’, including the 3rd Dhaka Apparel Summit, a fashion festival and an exhibition to name a few. .

The IAF is the world’s leading federation of garment manufacturers, and its annual conference in Dhaka will be a one-of-a-kind international program in Bangladesh.

During the visit, we also met Leslie Johnston, CEO of Laudes Foundation in Glasgow, Dirk Vantyghem, Director General of the European Confederation of Clothing and Textiles (EURATEX) in Antwerp, Mahbub Hassan Saleh, Ambassador of Bangladesh in Belgium, Rushanara Ali and Rupa Huq, Members of the UK Parliament in London, and many other UK and European brand managers.

During these meetings, our discussions covered a range of issues on mutual interests related to the textile and clothing industry, its challenges and opportunities.

We shared the incredible journey of the Bangladesh garment industry to become a prestigious brand in the global garment market, and highlighted the successes of the garment industry in the country, including its world class standards. in workplace safety and its exemplary advancements in environmental sustainability and commitment to further excellence in sustainability.

During the tour, we tried to highlight the importance of ethical sourcing to ensure a sustainable supply chain and make a positive difference in the lives of workers, especially against the backdrop of falling prices associated with increased production costs.

We also shed light on the future priorities set by the Bangladesh garment industry with the aim of maintaining its reputation as a safe, sustainable and competitive destination for the world’s garment sourcing.

Sustainable manufacturing has long been a mission and a vision for Bangladeshi garment makers, and it is an issue on which no dissenting voice can be heard.

COP26 was an opportunity to come back to the issue, to reinvigorate our commitment and to show our progress.

However, building on the progress we have made so far can be a decisive step in strengthening Bangladesh’s position as a lucrative garment sourcing center in the competitive global market.

The author is the president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA).

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BMW iX Gets 324 Miles of EPA Range: Here’s All We Know http://excel-rac.co.uk/2021/12/24/bmw-ix-gets-324-miles-of-epa-range-heres-all-we-know/ Fri, 24 Dec 2021 17:44:00 +0000 http://excel-rac.co.uk/2021/12/24/bmw-ix-gets-324-miles-of-epa-range-heres-all-we-know/

The upcoming BMW iX Electric Luxury Sports Activity Vehicle (SAV) has received an EPA range rating of 324 miles (521 km) and over 300 miles even with bigger wheels.

BMW will initially launch a single iX xDrive50 version (twin-engine, all-wheel drive) in Q1 2022, equipped with a 111.5 kWh battery. Depending on the wheel size (20 “is standard), the EPA range will be as follows:

  • 20 “rims (235 / 60R20 108H XL): 324 miles (521 km)
  • 21 “rims (255 / 50R21 109H XL): 305 miles (491 km)
  • 22 “rims (275 / 40R22 107Y): 507 km (315 miles)

The base price of the BMW iX xDrive50 is $ 83,200 (MSRP) plus $ 995 for the destination. After deducting the federal tax credit ($ 7,500), the effective price will start at $ 76,695.

In the future, the company will also introduce a more powerful solution BMW iX M60 model, with more than 600 hp. The entry-level xDrive40 version introduced in Europe will not be offered in the United States (at least not initially).

Let’s summarize the knowledge related to electric vehicles on the BMW iX.

The BMW iX xDrive50 has a large battery of 111.5 kWh (* 105.2 kWh net usable) which consists of prismatic battery cells. It is a standard 400 V battery system.

According to BMW, the gravimetric energy density of the lithium-ion battery has been increased by around 20% compared to the previous generation (no figures were provided).

Depending on the size and type of wheel, the EPA range will range from 305 miles (491 km) to 324 miles (521 km).

BMW iX
BMW iX

The vehicle has an advanced thermal management system – heating and cooling with heat pump. There is a function of preconditioning the battery before fast charging.

“The heating and cooling system of the BMW iX consists of three cooling / heating circuits which can be interconnected by means of electric valves with a common expansion tank. When driving in low outside temperatures, for example , the excess heat generated by the drive units is used to reheat the high-voltage coil. A two-stage cooling module, a refrigeration compressor, two evaporators, a water condenser and a high-performance control unit together provide optimum temperature control for the BMW eDrive components and the vehicle interior in any operating condition and under all normal weather conditions. “

“The latest version of the heat pump achieves a high efficiency factor by using ambient heat and heat from dehumidification – as well as waste heat from motors – for energy efficient operation. The integrated heating and cooling system also ensures optimum temperature control of the high voltage battery in very dynamic driving situations with high energy requirements and during rapid charging from a DC charging station. If the route guidance function of the navigation system is active and has programmed a stop at a fast charging station, the management will automatically precondition the battery beforehand.

Heating or cooling the high voltage battery as appropriate means that it will be at the optimum temperature for fast and efficient charging to its maximum capacity upon arrival at the charging station. Thermal management here takes several factors into account, including the current battery temperature, remaining range, expected charge rate, and expected charge amount as part of the overall route calculation. “

The BMW iX is based on BMW’s 5th generation eDrive technology, which includes highly integrated drive units (electric motor, power electronics and single-speed transmission in one housing). The power density of this 5th generation system is around 30% higher than before, according to BMW.

The electric motors – synchronous (without permanent magnets) – were developed and are manufactured in-house by BMW. Their efficiency is 93%.

The BMW xDrive50 specifically has two drive units – one at the front and one at the rear for a total system power of 516 hp (384 kW) and 564 lb-ft (765 Nm) of torque.

BMW iX
BMW iX

An important element that improves the driving dynamics of the all-wheel drive system is the all-new quasi-actuator wheel slip limitation technology.

“This allows the vehicle to maximize straight-line acceleration even on slippery surfaces, thanks to extremely fast and precise control responses. Specially designed for the supply of instantaneous power to electric motors, this traction control system is integrated into the engine management. Signal paths to the control unit for DSC (Dynamic Stability Control), meaning that corrective inputs to the front and rear wheels are applied much faster and more precisely, with coordination between the front and rear wheels. “

Another valuable feature is advanced adaptive energy harvesting

“Intelligently connected driving management makes it possible to adapt the intensity of the braking energy recovery to the road situation, provided by the data from the navigation system and the sensors used by the assistance systems. When approaching an intersection, for example, the degree of recovery can be increased, while feeding energy back into the high-voltage battery and increasing the deceleration effect. This targeted control of deceleration by energy recovery increases autonomy.

In the United States, the BMW iX has an 11 kW single-phase on-board charger, which can fully recharge (0-100%) in 10 hours and 15 minutes.

DC fast charging power can reach 195kW and 10-80% recharge should take over 40 minutes.

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BMW iX
BMW iX

BMW is partnering with EVgo to provide easy access to publicly accessible charging stations through a single app. Buyers and renters will also receive $ 100 in the form of an EVgo recharge credit that can be used at EVgo network stations and partners in all 50 states.

BMW iX xDrive50 specifications (US version):

  • EPA range
    20 “wheels (235 / 60R20 108H XL): 324 miles (521 km)
    21 “rims (255 / 50R21 109H XL): 305 miles (491 km)
    22 “rims (275 / 40R22 107Y): 315 miles (507 km)
  • 111.5 kWh battery (105.2 kWh net usable)
    * in the press release there is also another net value: 106.3 kWh
    369 V nominal, capacity 303 Ah
    prismatic battery cells
  • 0-60 mph (96.5 km / h) in 4.4 seconds
    0-100 km / h (62 mph) in 4.6 seconds
  • top speed of 124 mph (200 km / h)
  • two-engine all-wheel drive
    5th generation synchronous electric motors with single speed transmissions
  • maximum system power of 516 hp (385 kW) and 564 lb-ft (765 Nm) of torque
    front engine: 268 hp (200 kW) / 260 lb-ft (353 Nm)
    rear engine: 335 hp (250 kW) / 295 lb-ft (400 Nm)
  • AC load (on-board): 11 kW
    0-100% load in 10.25 hrs at 11 kW or 16 hrs at 7.4 kW
  • DC fast charge: up to 195 kW
    10-80% in over 40 minutes with up to 195 kW
    range can be increased to 90 miles (145 km) in 10 minutes
  • Weight:
    Curb weight: 5,659 lb (2,567 kg)
    GVWR: 6,867 lbs (3,115 kg)
    Payload: 1,054 lbs (478 kg)
  • Dimensions: length 195.0 inches; Width 77.4 inches; Height 66.8 inches; Wheelbase 118.1 in.
  • Ground clearance: 8.8 inches
  • Turning diameter: 21.4 feet
  • Coefficient of drag (Cd) of 0.25
  • Characteristics
    • Integrated heating and cooling system with heat pump function and advance thermal management of the battery (including preconditioning before rapid charging)
    • live software updates
    • Standard, speed-sensitive servotronic power assist with variable rack ratio
    • Electric all-wheel drive, DSC and wheel slip limitation near the actuator
    • Adaptive energy recovery
    • BMW iDrive 8 infotainment system
    • Optional two-axle air suspension

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The 12 biggest fears workers have about retirement http://excel-rac.co.uk/2021/12/22/the-12-biggest-fears-workers-have-about-retirement/ Wed, 22 Dec 2021 19:52:30 +0000 http://excel-rac.co.uk/2021/12/22/the-12-biggest-fears-workers-have-about-retirement/
pixelheadphoto digitalskillet / Shutterstock.com

Does the thought of retirement sometimes make you shiver? If so, you are not alone.

Your golden years are meant to be a time to relax and enjoy life. But the thought of funding decades of retirement without a steady paycheck is nerve-racking even for the most hardy of souls.

Over 3,100 adults working in for-profit companies recently revealed their biggest retirement worries at the 21st Annual Transamerica Center for Retirement Studies Workers’ retirement survey. Here are the dozen fears that haunt their visions of retirement.

12. Being laid off – not being able to retire on my own terms

Senior worker dismissed
Pormezz / Shutterstock.com

Respondents who cite this as one of the top retirement fears: 17%

Discrimination on the basis of age in the workplace is illegal. Alas, it is also a fact of life.

A joint analysis by ProPublica and the Urban Institute estimate that 56% of workers experience at least one involuntary job loss after 50 years. Only 1 in 10 of these workers find a job as paying as their previous position.

If you’re an older worker looking for a new job, check out “The 20 Most Popular Jobs for Seniors”.

11. Find meaningful ways to spend time and stay involved.

Woman with box of clothes to give
Kate Kultsevych / Shutterstock.com

Respondents citing this as one of the top retirement fears: 21%

Many of us dream of a retirement full of endless rounds of golf or weekend getaways. But having too much free time to do nothing is not the recipe for happiness.

Volunteering is a great way to make retirement meaningful. But if you are considering volunteering in your golden years, start now. As we point out in “12 Hard Truths About Retirement:”

“Of the people who did not volunteer during their working years, only a third eventually started volunteering in retirement. “

10. Affordable housing

house costs exceeding savings
pogonici / Shutterstock.com

Respondents citing this as one of the top retirement fears: 22%

A decade ago, homes were selling at bargain prices, thanks to the bursting of the real estate bubble that triggered the Great Recession. Since then, house prices have exploded, leaving today’s workers clearly worried about future costs.

While you can’t control house prices, you can significantly reduce your costs by getting the right mortgage. So stop by the Money Talks News Solutions Center and search for a great mortgage rate.

9. Feel isolated and alone

Middle aged sad woman
Koraysa / Shutterstock.com

Respondents who cite this as one of the top retirement fears: 27%

The life of seniors can be lonely. Without the camaraderie of the workplace, some people find themselves alone far more often than they would like. As we have reported, this is mostly a problem for single men.

But overall, retirement is what you make of it. So focus on bonding with your friends and family now to create a happy retirement in the future.

7. Lack of access to adequate and affordable health care (equality)

Home help
Monkey Corporate Images / Shutterstock.com

Respondents citing this as one of the top retirement fears: 29%

In general, the older we get, the more health services become a part of our life. The cost of health care appears to be skyrocketing, but one way to keep those costs under control is to open a health savings account.

You have to meet certain conditions to be eligible for an HSA, but if you are eligible, this type of account offers some of the most impressive tax benefits in all of the IRS code.

7. Losing my independence (tie)

Rest house
Photographee.eu / Shutterstock.com

Respondents citing this as one of the top retirement fears: 29%

Few things frighten older people more than the idea of ​​depending on others. Physical ailments and illnesses like dementia can quickly rob us of our ability to take care of ourselves.

It is a reality of retirement for millions of people, especially for those who live long. All we can do is prepare ourselves – mentally and financially – for this possibility.

6. Not being able to meet my family’s basic financial needs

An old man holding an empty wallet
Motortion Films / Shutterstock.com

Respondents citing this as one of the top retirement fears: 32%

Growing old does not mean the end of worrying about taking care of loved ones. However, it can be difficult to support others when you no longer have a regular income.

Investing wisely during your working years can help you build a big nest egg that will help support your loved ones in retirement.

Building a solid real estate plan also allows you to take care of your family after you leave. Money Talks News founder Stacy Johnson has some thoughts on the subject in her Estate Planning Tips and Tricks podcast.

5. Cognitive decline, dementia, Alzheimer’s disease

Elder with dementia
LightField Studios / Shutterstock.com

Respondents citing this as one of the top retirement fears: 32%

One of the great fears in life is the worry that one day our ability to think may decline. But that’s just another of the realities of life, even though we wish it wasn’t.

Ultimately, there is no sure way to prevent cognitive decline. But researchers have suggested a handful of things you can do to lower your risk. For more information, see:

4. Possible costs of long-term care

Man with dementia
LightField Studios / Shutterstock.com

Respondents citing this as one of the top retirement fears: 34%

Standard retirement costs cause enough worry, but the price of long-term care sends financial anxiety to a whole new level.

If you’re ready to tackle this sobering part of senior living head-on, check out “Should I Buy Long-Term Care Insurance?” “

3. Social security will be reduced or cease to exist in the future.

Oscar C. Williams / Shutterstock.com

Respondents citing this as one of the top retirement fears: 38%

It is a widely reported fact that Social Security finances are in trouble. All of this publicity is probably contributing to the level of fear that workers today feel about the future of the program.

Is there still time to fix things? Social Security expert Jeff Miller gave his opinion last summer in “Can Congress Still Fix Social Security?” “

2. Declining health that requires long-term care

Senior with dementia doing occupational therapy
Toa55 / Shutterstock.com

Respondents citing this as one of the top retirement fears: 39%

If you pay close attention, you notice a theme on this list. Workers worry a lot about their long-term physical and mental health and what a drop in either or both could mean for their retirement years.

1. Outlive my savings and investments

Senior woman worried about money
Maria Symchych / Shutterstock.com

Respondents who cite this as one of the top retirement fears: 42%

Most of us fear that we will run out of money before we run out of life, as the old saying goes. So it’s no surprise to see this fear at the top of the list.

As a group, American workers have notoriously saved little for retirement. And for many of us, time is running out if we hope to build a decent-sized nest egg.

Instead of panicking, sign up for the Money Talks News retreat course The only retirement guide you’ll ever need.

Money Talks News Founder Stacy Johnson is your guide to the online course – a 14-week boot camp for people 45 or older. It can teach you everything from Social Security secrets to planning for your retirement.

Disclosure: The information you read here is always objective. However, we sometimes receive compensation for clicking on links in our stories.