Smart Phases Inc. commits to set climate targets in line with SBTi from UN Global Compact & partners

Its new manufacturing plant will be integrating innovative low-carbon emissions technologies that will reduce CO2 emissions by more than 45%

Smart Phases Inc. (DBA Novacab) has responded to the SBTi Call-to-Action #OurOnlyFuture

PLATTSBURGH, NY July 29th 2019 -- Smart Phases Inc. (DBA Novacab) has committed to set science-based emissions reduction targets in line with what the latest climate science indicates is needed to limit the worst impacts of climate change.

The company has responded to a call-to-action, issued by a broad coalition of business, civil society and UN leaders, to make their critical and necessary contribution to keeping global temperature increase within 1.5°C above pre-industrial levels.

Michael L. Carty, President and CEO of Smart Phases Inc. (DBA Novacab) said, “This undertaking is an important milestone in the deployment of our innovative technologies in the USA and abroad. With critically important collaboration of many stakeholders such as ESD, NYSERDA, and NYPA, Smart Phases’ team has advanced our new “low-carbon footprint” manufacturing facility on the Plattsburgh International Airport site. Such a significant endeavour enables us to substantially contribute to achieving climate targets.

In June, global leaders including Her Excellency María Fernanda Espinosa Garcés, President of the UN General Assembly, Lise Kingo, CEO & Executive Director of the UN Global Compact, Patricia Espinosa, Executive Secretary of the UN Framework Convention on Climate Change, John Denton, Secretary-General of the International Chamber of Commerce, and SDG Advocate Paul Polman, former CEO of Unilever, collectively issued an open letter addressed to business leaders.

The letter challenges Chief Executive Officers to set ambitious targets for their companies in line with last October’s report by the Intergovernmental Panel on Climate Change (IPCC) which made the case for limiting global temperature rise to 1.5°C above pre-industrial levels.

Companies are asked to set verifiable science-based targets through the Science Based Targets initiative (SBTi), which independently assesses corporate emissions reduction targets against scientific best practice.

“We need concrete, realistic plans by 2020 to reduce greenhouse gas emissions by 45% over the next decade, and to net zero by 2050,” said Ambassador Luis Alfonso de Alba, UN Special Envoy for the 2019 Climate Action Summit and one of the key advocates for the campaign. “Climate change requires an unprecedented effort from all sectors of society and business leadership demonstrated by setting science-based targets at 1.5°C will send strong market signals as we look to identify scalable and replicable solutions needed to secure a world where no one is left behind.”

Smart Phases’ Founder and Chairman Stephane Bilodeau, Eng., Ph.D., FEC said, “Our company is responding with proven hybrid thermal energy management systems to effectively meet and exceed the challenge of establishing definitive, aggressive climate management benchmarks through the Science Based Targets initiative (SBTi). Leaders “lead”. We are demonstrating our commitment to our partners, suppliers and clients that we are committed to a concrete, realistic plans to reduce greenhouse gas emissions by 2020. Many stakeholders confirm that we are approaching 200 gigawatts of energy storage. By 2040 energy storage capacity must grow to 1 TW. Smart Phases want to contribute to achieve this target with its Hybrid Energy Storage systems.

"We are calling on all companies to set emission reduction targets with a new level of ambition" Lise Kingo, CEO UN Global Compact

“We have less than 11 years to fundamentally change our economies or we will face catastrophic consequences,” said Lise Kingo, CEO & Executive Director of the UN Global Compact, one of the SBTi partners. “For the first time, we are seeing business and climate leaders coalesce around a common call-to-action, sending a powerful signal that science-based target setting presents a significant opportunity for businesses to step up when it comes to tackling climate change and limiting global warming to 1.5 degrees Celsius.”

Paul Simpson, CEO of CDP, one of the SBTi partners, said: “The science is clear: in order to limit the catastrophic impacts of climate change, we must ensure warming does not exceed 1.5°C. The ambition is high but it’s achievable — and science-based targets give companies a roadmap for getting there. Corporations worldwide have an unprecedented opportunity to be at the very forefront of the transition to a net-zero economy — and there is no time to lose.”

About Smart Phases Inc. (DBA Novacab): Based on advanced research and development started in 1996, Smart Phases Inc. produces hybrid and thermal energy storage systems used in buildings and transportation. The company began to extend the deployment of our technologies globally in 2017, offering our hybrid energy storage systems, which stores “heat” for future use – which includes conversion to electricity. In buildings, Novacab TESS stores energy during off-peak hours when conditions are most-favorable and discharges that energy during peak usage times to reduce the burden on the existing power grid. In transportation, the Novacab TES/A allows commercial vehicles, such as long-haul trucks and tractor trailers, to maintain electrical power for heating and cooling without the need to run the engine or a generator, reducing fuel consumption and carbon dioxide emissions.