SANTA CLARITA, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) (the “Company”) announced today the appointment of Mark A. (“Mac”) McFarland as the Company’s permanent President and Chief Executive Officer, effective immediately. Mr. McFarland has served on the Company’s board since its emergence from bankruptcy in October 2020, as its Executive Chairman from November 2020 through December 31, 2020 and as its Chairman of the Board and interim Chief Executive Officer since December 31, 2020.
James N. Chapman, lead independent director, said, “In his role as interim CEO, Mac has been instrumental in repositioning the Company post its bankruptcy exit, including the recent successful high yield financing. In addition, Mac is stewarding ongoing efforts to reduce costs and optimize the operating portfolio with the core objective for CRC to become a lean and efficient operator producing robust cash flow. The Board of Directors is excited about the Company’s future under Mac’s leadership with a strong asset base, talented workforce and firm commitment to our ESG efforts.”
Forward-Looking Statement Disclosure
All statements, except for statements of historical fact, made in this release regarding activities, events or developments the Company expects, believes or anticipates will or may occur in the future, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements speak only as of the date of this release. Although the Company believes that the plans, intentions and expectations reflected in or suggested by the forward-looking statements are reasonable, there is no assurance that these plans, intentions or expectations will be achieved. Therefore, actual outcomes and results could materially differ from what is expressed, implied or forecast in such statements. Except as required by law, the Company expressly disclaims any obligation to and does not intend to publicly update or revise any forward-looking statements.
The Company cautions you that these forward-looking statements are subject to all of the risks and uncertainties incident to the Company’s business, most of which are difficult to predict and many of which are beyond the Company’s control. These risks include, but are not limited to, the risks described under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020.
About California Resources Corporation
California Resources Corporation is an independent oil and natural gas exploration and production company, applying complementary and integrated infrastructure to gather, process and market its production. Using advanced technology, the Company focuses on safely and responsibly supplying affordable energy.
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Whitehead Brings Nearly Three Decades of Experience in the Electrical Power Industry
VALENCIA, Calif.--(BUSINESS WIRE)--#electricpower--H2scan, a leading provider of proven, proprietary hydrogen sensors and technologies for utilities and industrial markets, announced today it has named Bill Whitehead as its new International Accounts Sales Director for Transformers.
In this role, Whitehead is responsible for international sales of H2scan’s hydrogen monitoring products, working with global OEMs to utilize H2scan sensors to develop and enhance their hydrogen monitoring solutions for the electric power industry.
Whitehead joins H2scan from Siemens Energy, where he served as business development manager and was responsible for power transformer bushing solution sales covering U.S. power utility and large industrial customers. Previously, Whitehead worked as vice president of business development at Camlin Power, Inc.
Whitehead previously held positions at Fuji Electric, ABB, General Electric, Danaher Power Solutions and served in the United States Army Reserve. He holds a Bachelor of Science degree in electrical engineering from North Carolina State University.
“Bill brings a wealth of experience in the power utility industry, and adds to the strong leadership at H2scan with a deep foundation in transformer life extension and asset health solutions,” said Leon White, Vice President of Transformer Sales and Business Development, of H2scan. “We’re thrilled to have Bill on the team at H2scan and to be able to leverage his experience in international sales. Our overseas sales have experienced tremendous growth in recent years, and Bill will be able to support our customers in a very positive way.”
“I have enjoyed a long career in the power utility industry and understand the important role of hydrogen monitoring in providing utilities with high reliability and decreased costs,” said Whitehead. “H2scan is the leader in hydrogen measurement for dissolved gas analysis and offers hydrogen monitoring unlike any other company. I look forward to helping the company drive growth both internationally and domestically this year and for years to come.”
For more information on H2scan and its hydrogen sensors, visit http://h2scan.com/.
About H2scan Corporation
H2scan was founded in 2002, and has its headquarters, sales, production and marketing staff in Valencia, California. The Company provides the most accurate, tolerant and affordable hydrogen leak detection and process gas monitoring solutions for industrial markets. H2scan enables the accurate monitoring and control functions for a wide range of applications, including control systems, safety monitoring and alarm systems. H2scan also provides portable, handheld configurations for easy leak detection and monitoring. H2scan supplies its hydrogen process analyzer and hydrogen leak detectors to utility, petrochemical, refinery, and gas line companies, nuclear power plants, fuel cell, petroleum and other industrial organizations through distribution, or long- term supply agreements. H2scan helps its customers meet safety, regulatory and process control requirements while doing critical hydrogen monitoring. H2scan’s customer base includes some of the largest manufacturing enterprises in the world including: General Electric, DOD, ABB, Siemens, ExxonMobil, Shell, Chevron, NASA, Proctor & Gamble and more.
H2scan now holds 27 patents on its core technology, software and electronics and its products are sold in over 50 countries worldwide. For more information, please visit http://www.h2scan.com.
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HOUSTON--(BUSINESS WIRE)--Phillips 66 Partners LP (NYSE: PSXP) executive management will host a webcast at 2 p.m. EDT on Friday, April 30, to discuss the partnership’s first-quarter 2021 financial results, which will be released earlier that day, and provide an update on strategic initiatives.
To access the webcast, go to the Events and Presentations section of the Phillips 66 Partners Investors site, https://unitholder.phillips66partners.com/investors. A replay of the webcast will be archived on the Events and Presentations page approximately two hours after the live call, and a transcript will be available at a later date.
About Phillips 66 Partners
Headquartered in Houston, Phillips 66 Partners is a growth-oriented master limited partnership formed by Phillips 66 to own, operate, develop and acquire primarily fee-based crude oil, refined petroleum products and natural gas liquids pipelines, terminals and other midstream assets. For more information, visit www.phillips66partners.com.
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DUBLIN--(BUSINESS WIRE)--The "Enhanced Oil Recovery (EOR) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The enhanced oil recovery (EOR) market is expected to grow at a CAGR of more than 1.5% during the forecast period of 2021 - 2026.
The COVID-19 pandemic has severely affected the shale and heavy oil market which accounts for a large usage of the EOR techniques. Factors such as the increasing number of maturing oil fields coupled with improving technologies with the introduction of better oil recovery techniques are likely to drive the EOR market during the forecast period. However, the volatility of crude oil prices is expected to restrain the growth of the market in the coming years.
Companies Mentioned
Key Market Trends
Gas Injection Technique to Dominate the Market
Asia-Pacific to Witness Significant Growth
Key Topics Covered:
1 INTRODUCTION
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2026
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Technology
5.1.1 Gas Injection
5.1.2 Thermal Injection
5.1.3 Chemical Injection
5.1.4 Microbial Injection
5.1.5 Others
5.2 Location
5.2.1 Onshore
5.2.2 Offshore
5.3 Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia-Pacific
5.3.4 South America
5.3.5 Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Baker Hughes Co.
6.3.2 BP PLC
6.3.3 Chevron Corporation
6.3.4 Exxon Mobil Corporation
6.3.5 Halliburton Co.
6.3.6 Praxair Technology Inc.
6.3.7 Royal Dutch Shell PLC
6.3.8 Schlumberger Ltd.
6.3.9 Total SA
6.3.10 Weatherford International PLC
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/881kxq
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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SAN FRANCISCO--(BUSINESS WIRE)--Pacific Gas and Electric Company (PG&E) today issued the following statement in response to the release of information by the California Department of Forestry and Fire Protection (CAL FIRE) regarding the September 2020 Zogg Fire:
“The loss of life and devastation in the communities impacted by the Zogg Fire is tragic, and we recognize that nothing can heal the hearts of those who have lost so much. We also thank the courageous first responders who saved lives, protected property and worked to contain and put out the fire.
Today, CAL FIRE announced that it has determined the cause of the Zogg Fire was a pine tree contacting PG&E electrical lines located north of Igo in Shasta County. As we have said previously, PG&E has fully cooperated with CAL FIRE’s investigation.
While we have not been given access to CAL FIRE’s report or evidence it collected, we look forward to reviewing both when we are allowed to do so. We filed an Electric Incident Report with the California Public Utilities Commission on October 9, 2020, related to the Zogg Fire.
We remain focused on continuing to reduce wildfire risk throughout our system and executing on the commitments made in our 2021 Wildfire Mitigation Plan. These efforts include:
PG&E’s most important responsibility is the safety of our customers and communities we serve. As the threat of extreme weather continues to impact portions of California, we remain focused on preventing major wildfires and are committed to our mission to safely deliver energy to our customers and communities.”
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
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Newly completed solar energy sites at Cumberland and Tiverton to benefit off-taker Rhode Island Airport Corporation (RIAC)
FRAMINGHAM, Mass. & TIVERTON & CUMBERLAND, R.I.--(BUSINESS WIRE)--#cleanenergy--Ameresco, Inc., (NYSE: AMRC), a leading clean technology integrator specializing in energy efficiency and renewable energy, today announced that it achieved commercial operation at its solar energy site in Tiverton, Rhode Island and mechanical completion at its site in Cumberland, Rhode Island. Both milestones mark meaningful steps in the advancement of solar energy resources within the State.
Installed on a former corn field, Ameresco’s Tiverton’s solar energy site comprises over 12,000 modules with an electricity generation capacity of 4.95 MW. Through the implementation of these solutions, the Rhode Island Airport Corporation (RIAC) is expected to amass an annual cost savings of approximately $380,000 in the first year alone. While not yet at commercial operation, the solar site at Cumberland installed over 14,000 modules with an electricity generation capacity of 5.71 MW, subsequently accumulating an annual cost savings of approximately $410,000 in its first year.
RIAC has entered into a long-term agreement with Ameresco as the designated off-taker of the clean energy generated from both sites. RIAC has a long-standing history of supporting the development of various sustainable resources and environmental programs meant to minimize potential adverse impacts from airport operations.
Both solar sites further enhance Cumberland and Tiverton’s commitment to implementing reliable, cost-effective and environmentally conscious solutions. Over the years, Cumberland has prioritized various sustainability initiatives by installing energy efficient technologies in public buildings, and Tiverton has established local conservation and recycling commissions dedicated to educating community residents. These initiatives play a vital role in informing the public and strengthening the importance of renewable energy solutions.
“Our projects in Cumberland and Tiverton are prime examples of the economic and environmental benefits renewable energy solutions offer our customers. By developing and implementing over 10MW of electricity capacity and providing over $790K in annual energy savings, these projects provide a renewable energy source that directly advances the state’s commitment to clean energy expansion within their renewable energy portfolio.” said David J. Anderson, executive vice president and director at Ameresco.
Commercial operation of the Cumberland project is expected to be achieved by April 2021.
To learn more about the energy efficiency solutions offered by Ameresco, visit www.ameresco.com/energy-efficiency/.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and the United Kingdom. Ameresco’s sustainability services in support of clients’ pursuit of Net Zero include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.
About the Rhode Island Airport Corporation
The Rhode Island Airport Corporation was formed on December 9, 1992 as a semi-autonomous subsidiary of the Rhode Island Commerce Corporation to operate and maintain the state's airport system. The powers of the corporation are vested in its seven-member board of directors, all of whom are appointed by the governor. The Rhode Island Airport Corporation is responsible for the design, construction, operation and maintenance of the six state-owned airports; and the supervision of all civil airports, landing areas, navigation facilities, air schools and flying clubs. In addition to T. F. Green Airport, the Rhode Island Airport Corporation is responsible for five general aviation airports throughout the state: Block Island, Newport, North Central, Quonset and Westerly. For more information visit RIAC at https://www.pvdairport.com/.
The announcement of Ameresco’s completion of a renewable energy asset project is not necessarily indicative of the timing or amount of revenue from the energy asset, of the company’s overall revenue for any particular period or of trends in the company’s overall total assets in development or operation. The Tiverton site was included in our previously reported operating assets and the Cumberland site was included in our previously reported assets in development as of December 31, 2020.
Ameresco: Leila Dillon, 508-661-2264, This email address is being protected from spambots. You need JavaScript enabled to view it.
HOUSTON--(BUSINESS WIRE)--Phillips 66 (NYSE: PSX) executive management will host a webcast at noon EDT on Friday, April 30, to discuss the company’s first-quarter 2021 financial results, which will be released earlier that day, and provide an update on strategic initiatives.
To access the webcast, go to the Events and Presentations section of the Phillips 66 Investors site, https://www.phillips66.com/investors. A replay of the webcast will be archived on the Events and Presentations page approximately two hours after the live call, and a transcript will be available at a later date.
About Phillips 66
Phillips 66 is a diversified energy manufacturing and logistics company. With a portfolio of Midstream, Chemicals, Refining, and Marketing and Specialties businesses, the company processes, transports, stores and markets fuels and products globally. Phillips 66 Partners, the company’s master limited partnership, is integral to the portfolio. Headquartered in Houston, the company has 14,300 employees committed to safety and operating excellence. Phillips 66 had $55 billion of assets as of Dec. 31, 2020. For more information, visit www.phillips66.com or follow us on Twitter @Phillips66Co.
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DUBLIN--(BUSINESS WIRE)--The "Shale Oil Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The shale oil market is expected to grow at a CAGR of more than 2% over the period of 2021-2026.
Companies Mentioned
Key Market Trends
Growing Petrochemicals Industry to Drive the Market
North America to Dominate the Market
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Shale Oil Production and Forecast, in million barrels per day, till 2026
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Geography
5.1.1 North America
5.1.2 South America
5.1.3 Europe
5.1.4 Asia-Pacific
5.1.5 Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Exxon Mobil Corporation
6.3.2 Chevron Corporation
6.3.3 ConocoPhillips Company
6.3.4 Royal Dutch Shell PLC
6.3.5 Continental Resources Inc
6.3.6 Murphy Oil Corporation
6.3.7 Occidental Petroleum Corporation
6.3.8 Marathon Oil Corporation
6.3.9 Schlumberger Limited
6.3.10 Halliburton Company
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/beqcq4
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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LONDON--(BUSINESS WIRE)--Accenture (NYSE: ACN) and Ripjar, a leading UK-based data intelligence company, are collaborating with Royal Dutch Shell to further enhance risk screening within its global supply chain using artificial intelligence (AI).
Shell is leveraging Accenture’s industry experience and risk expertise to configure Ripjar’s AI technology for analysis of its supply chain. The insights will provide additional accuracy and efficiency in screening for risks across Shell’s third-party supply chain transactions. The AI technology embedded in the system could also reduce data-reporting errors by over 80%, when compared to third-party legacy systems.
By integrating this tool on Shell’s cloud-based infrastructure on Microsoft Azure, Accenture will also ensure Shell is positioned to scale the solution, creating cost efficiencies. Additionally, the solution optimizes accessibility, providing self-service capabilities to Shell employees globally as they conduct due diligence on third-party vendors.
“In a proactive move to tackle the growing challenges associated with criminal activity, security and fraud in today’s global business landscape, Shell is reinforcing its risk management capabilities across the supply chain,” said Adam Markson, a managing director and lead for Risk and Compliance at Accenture. “Together, we are taking a time-consuming, manual process and applying state-of-the-art automation with more insights into data to not only improve accuracy, but also give management complete audit capabilities and accountability over the entire screening process. Indeed, Accenture was selected for its deep industry expertise and track record of implementing the next generation of compliance capabilities and enabling transformational change.”
“Global energy companies like Shell can better provide the products and services that are essential to our society with the help of a business ecosystem,” added Jeremy Annis, CEO, Ripjar. “Ripjar’s technology, enhanced by AI, can help reduce the number of steps it takes to conduct due diligence and detect risks through continuous real-time monitoring of the supply chain.”
The multi-year deal builds on Accenture Ventures’ investment in Ripjar and a strategic alliance formed in 2018.
About Royal Dutch Shell
Shell is a global group of energy and petrochemical companies that aims to meet the world’s growing need for more and cleaner energy solutions in ways that are economically, environmentally and socially responsible.
About Accenture
Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 537,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at www.accenture.com.
Accenture helps oil and gas companies develop innovation-led capabilities to drive end-to-end transformation and make energy more available, affordable and sustainable. To learn more, visit Accenture’s Oil and Gas industry portal.
About Ripjar
Ripjar builds software that helps governments and organisations automate the detection, investigation and monitoring of threats from criminal activity – making the world more secure and prosperous by empowering organisations to prevent crime.
Our data intelligence platform, Labyrinth, combines automation, AI and data visualisation to help leading financial institutions, governments and corporates analyse and mitigate threats in real time. Threats often transcend borders and our software enables our customers to scale to meet the evolving complexity of the risk landscape: finding patterns from international and unstructured data in over 60 languages. Ripjar was founded by experienced technologists from Britain's Government Communications Headquarters (GCHQ), and is headquartered in Cheltenham, United Kingdom.
Disclaimer: Copyright ©2021 Accenture. All rights reserved. Accenture and its logo are registered trademarks of Accenture.
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Accenture
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WILLISTON, Vt.--(BUSINESS WIRE)--$ISUN #microgrid--iSun, Inc. (NASDAQ: ISUN) (“iSun” or the “Company”), a leading solar energy and clean mobility infrastructure company with 50 years of construction expertise for solar, electrical and data services, today announced that it has been selected to provide its innovative solar products and services for phase one of one of the nation’s largest solar plus storage microgrid projects underway in Jackson, TN.
Highlights
Phase one of the multi-phase project led by industry pioneer Northern Reliability is the vision of Community Development Enterprises (“CDE”) whose mission is to provide green energy solutions and economic relief to cities across the United States that have been hit with natural disasters and economic challenges over the past decade. Under the agreement, iSun will provide Engineering Procurement and Construction (“EPC”) services for the 16MW ground mount solar energy infrastructure. iSun’s estimated contract value is approximately $25 million with installations beginning in late-summer 2021.
“The selection of iSun as the provider of the solar portion of this project is testament to the Company’s established position as a high-quality EPC partner in the solar energy market and iSun’s innovative solar products and solutions. Our team has the ability to engage at all stages of a project to provide EPC expertise, innovation recommendations and confidence in our ability to execute,” said Jeffrey Peck, Chairman and Chief Executive Officer of iSun. “We are excited to be working with such forward thinking partners in NRI and CDE that share our values. Constructed solar assets will provide immediate local jobs and benefits to the Jackson, TN area for decades to come, and we are looking forward to continuing to work together to pursue similar opportunities across the nation.”
“We evaluated multiple proposals for our Jackson solar microgrid from qualified EPCs and it was clear to us that the iSun proposal stood out as superior. CDE has selected iSun because of the high-quality and detail presented in their 16MW array facility design, their flexibility in adapting to our usual site and use case demands, the overall completeness of their scope, and the high votes of confidence provided by their long-term customers,” remarked Dennis Emberling, President and CEO of CDE in Jackson.
Emberling continued, “This project is part of a larger effort by CDE to help Jackson redevelop. It will bring new businesses, new jobs, new educational opportunities, and $211M in economic impact to Jackson, including contributions to their infrastructure and community organizations. In selecting our Project Partners, it was important that our Partners shared the values of the communities that we are serving. We think CDE and iSun are a fit, and we look forward to doing many projects together in the near future.”
Gregg Noble, Vice President of Sales & Development of Northern Reliability, Inc., added, "The team at NRI is pleased to make this announcement regarding the selection of iSun as the PV vendor for the Jackson Solar Microgrid project. iSun will be a valuable part of the team as we push forward CDE's vision of redeveloping the City of Jackson into a green energy hub and energy model of the future. The success in Jackson is critical towards understanding the economic potential which exists in all of America's hardest hit communities. It is not a story about technology, it is a hopeful story about the path forward. We are proud to be moving down that path with a partner like iSun who shares that same positive vision for the business and citizens of this community."
About iSun, Inc.
Headquartered in Williston, VT, iSun, Inc. (NASDAQ: ISUN) is a business rooted in values that align people, purpose, innovation, and sustainability. Ranked by Solar Power World as one of the leading commercial solar contractors in the Northeastern United States, iSun provides energy services, smart city innovations and clean mobility infrastructure to customers for projects from smart solar mobile phone and electric vehicle charging, up to multi-megawatt renewable energy solutions. Since entering the renewable energy market in 2012, iSun has installed over 200 megawatts of rooftop, ground mount and EV carport solar systems (equal to power required for 38,000 homes). We continue to focus on profitable growth opportunities. For more information, visit www.isunenergy.com
About Northern Reliability, Inc.
Northern Reliability, Inc. (“NRI”) is a US-based power systems integrator and the oldest operating engineering firm in the energy storage space based in Waterbury, Vermont. Initially formed as the energy storage and hybrid power systems division of Northern Power (formerly TSX:NPS) in the early 1970s, the NRI engineers broke off to become a separate organization. Having designed and deployed over 1,100 off-grid and microgrid power systems around the planet, the NRI team made news in T&D World Magazine 2017, 2018, and 2019 when it was awarded a unique $1.3M Grid-Tied Distributed Energy System Project for Xcel Energy in Denver, CO, the largest grid-tied solar + storage project in the Southern U.S., for Today’s Power, Inc. in Fayetteville, Arkansas 12MW-26.1MWh, and for a transportable storage contract with EPRI and the US Navy. In March 2021, NRI co-founded the first Mobile Energy Storage platform Nomad Transportable Power Systems. Visit www.northernreliability.com
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about (i) the benefits of the proposed acquisition, including future financial and operating results, cost savings and synergies, effects on cash flow, market accessibility, financing opportunities, enhancements to revenue and accretion to reported earnings that may be realized from the proposed acquisition; (ii) iSun’s plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts; and (iii) other statements identified by words such as “expects” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “targets,” “projects,” or words of similar meaning generally intended to identify forward-looking statements. These forward-looking statements are based upon the current beliefs and expectations of the respective management of iSun and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the control of iSun. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Actual results may differ materially from the anticipated results discussed in these forward-looking statements because of possible uncertainties.
Investor Relations:
Chase Jacobson
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NEW YORK & LONDON--(BUSINESS WIRE)--Arrival, the global company creating electric vehicles using its game-changing technologies, announced today that, in addition to the previously announced five members of its Board of Directors, it expects to appoint two additional members upon the consummation of the pending business combination between Arrival Group, Arrival S.à r.l (“Arrival”) and CIIG Merger Corp. (NASDAQ: CIIC) (“CIIG”), a U.S. publicly-traded special purpose acquisition company. Arrival Group, the combined company, will become a publicly listed company and its ordinary shares and warrants will be listed on NASDAQ under the new ticker symbols “ARVL” and “ARVLW” respectively, upon completion of the business combination.
“As Arrival nears becoming a public company, it is important for us to bring together a globally experienced and diverse Board of Directors who can help Arrival to achieve its goal of reinventing the automotive industry," said Peter Cuneo, the current Chief Executive Officer and Chairman of the Board of Directors of CIIG and the nominee for Non-Executive Chairman of Arrival’s global Board of Directors. "Drawing on expertise from the forefront of the technology, media, financial and automotive industries, Arrival’s global Board of Directors will play a pivotal role in supporting the business through its journey as it accelerates the mass adoption of electric vehicles worldwide.”
“I am pleased that we have assembled the right Board that reflects Arrival’s culture and will support us in our transition to becoming a public company and the responsibility that brings,” said Denis Sverdlov, Founder and CEO of Arrival. “We are looking forward to working together as they bring their collective experience in scaling companies, managing rapid growth and building global brands to the business.”
Arrival’s initial global Board of Directors is expected to include:
Peter Cuneo, Chief Executive Officer and Chairman of the Board of Directors, CIIG
F. Peter Cuneo has been Chief Executive Officer and Chairman of Board of Directors at CIIG Merger Corp. (NASDAQ: CIIC) since its inception in 2019. A recognized leader in corporate value creation, Mr. Cuneo has reshaped the operations of seven companies in the global media and consumer products sectors in the past 40 years. Mr. Cuneo is the Managing Partner of Cuneo & Co, an early stage private venture capital firm. Mr. Cuneo is active on numerous private, public and nonprofit boards. As President and Chief Executive Officer of Marvel Entertainment Inc. (NYSE:MVL) he led Marvel post-bankruptcy, to a prominent position in the entertainment industry, before serving as Vice Chairman of the Board and providing one of the world’s leading entertainment brands with active strategic leadership. This culminated in the company’s more than $4 billion sale to Disney at the end of 2009 when shares were trading at $54 per share, representing share price appreciation of approximately 57 times from the stock low. Mr. Cuneo previously served as President and Chief Executive Officer of Remington Products Company, President of the Security Hardware Group of the Black & Decker Corporation, President of Bristol-Myers Squibb Co.’s Pharmaceutical Group in Canada, and President of the Clairol Personal Care Division. At Arrival, he will serve as Non-Executive Chairman of the Board as well as a member of the Board’s Audit Committee.
Tawni Nazario-Cranz, Venture Operating Partner, SignalFire
Tawni Nazario-Cranz currently works as a Venture Operating Partner at the San Francisco-based venture firm SignalFire, as well as a strategic advisor to various VC firms throughout Silicon Valley. With more than 25 years of experience in scaling some of the world’s most innovative companies, Ms. Nazario-Cranz has led operational and cultural change at the likes of Netflix (NASDAQ: NFLX), Waymo, Cruise and many more. During her time at Netflix (2007-2017), as Chief Talent Officer (CHRO), she grew the company’s global business operations and enabled rapid international growth (overseeing the international campaign #NetflixEverywhere). Ms. Nazario-Cranz also pioneered the company’s innovative and high-performing business culture, authoring Netflix’s Unlimited Maternity & Paternity Leave policy and co-authoring the company’s first culture deck. Beyond Netflix, Ms. Nazario-Cranz also scaled and built out the core HR functions at Waymo (2018-2019) and Cruise Automation (2017-2018) as Chief People Officer. At Arrival, she will serve on the Board of Directors as Chairperson of the Compensation Committee and as a member of the Nominating and Corporate Governance Committee.
Rex Tibbens, President, CEO & Director, Frontdoor Inc.
Rex Tibbens is an experienced executive with a proven history of building strong cultures, and repeated success in growing businesses and fostering work environments in which innovation and creativity are encouraged. Prior to being named President and Chief Executive Officer of Frontdoor, Inc. (NASDAQ: FTDR) in 2017, Mr. Tibbens served as Chief Operating Officer of Lyft (NASDAQ: LYFT) from 2015-2018, where he worked to expand the on-demand transportation company’s service to every US state, and launched a series of crucial strategic initiatives, including their Nashville support center and Express Drive. Mr. Tibbens also worked as a Vice President at Amazon (NASDAQ: AMZN) from 2011-2015, where he led the technical and product development of Prime Now, preceded by twelve years at Dell (NYSE: DELL) working in a variety of operations and logistics roles, and nine years at Toyota (LON: TYT) as Logistics Manager. At Arrival, he will serve as a member of both the Board’s Audit Committee and Compensation Committee.
Avinash Rugoobur, President, Arrival
As Arrival's President, Avinash Rugoobur is responsible for the company’s business strategy and international expansion, encouraged by his passion for projects with positive social impact and delivering affordable zero emission transportation to everyone. Prior to Arrival, Mr. Rugoobur was leading advanced technology activities at General Motors’ Silicon Valley Office and Strategy and M&A at Cruise Automation, after launching his own award-winning entrepreneurial ventures Curve Tomorrow and Bliss Chocolates. During his time at GM, Mr. Rugoobur was responsible for the ~$1Bn acquisition of Cruise Automation, and played an integral role in Cruise’s subsequent valuation increase to $14B as Head of Strategy & Mergers & Acquisitions (2017-2019). This work was pivotal in accelerating the delivery of AVs, as well as supporting in the creation of the OEM - Startup ecosystem that pervades the automotive industry today.
Jae Oh, Vice President & Head of Corporate Development, Hyundai Motor Group
Jae Oh currently oversees a broad spectrum of strategic investment activities for Hyundai Motor Group, ranging from Series A ventures to mergers and acquisitions. While at Hyundai, he has been responsible for leading early to late-stage investments in companies operating in sectors causing disruptions in the traditional automotive industry. Some of the transactions that he successfully led include equity financing rounds for Grab, Ola, Aurora, Rimac among others. Prior to joining Hyundai in 2017, Mr. Oh served across various international roles at leading investment banks, including Merrill Lynch (2014-2016), UBS (2013), Lehman Brothers / Nomura in Hong Kong (2008-2012). At Arrival, he will serve as a member of the Board’s Nominating and Corporate Governance Committee.
Kristen O’Hara, Senior Vice President & Chief Business Officer, Hearst Magazines
Kristen O’Hara is a strategic marketing executive with extensive experience driving the digital and data transformation of global businesses. She is currently serving as Senior Vice President and Chief Business Officer of Hearst Magazines. Prior to this, Ms. O’Hara brought her expertise in data, social and digital media to some of the world’s leading media and entertainment companies, as VP Business Solutions for Snap Inc. (NYSE: SNAP) throughout 2018 and Chief Marketing Officer, Global Media for Time Warner Inc. (now Warner Media, LLC, a division of AT&T Inc, NYSE: T) from 2011-2018. While at Time Warner, Ms. O’Hara led the enterprise-wide global data strategy as the business was shifting to a streaming model. Ms. O’Hara has experience building global blue chip brands having held leadership positions at global marketing communications firm Young & Rubicam Inc. (now part of WPP PLC, NYSE: WPP) from 1993-2002. At Arrival, she will serve on the Board of Directors as Chairperson of the Nominating and Corporate Governance Committee as well as a member of the Compensation Committee.
Alain Kinsch, Former Managing Partner, Ernst & Young
Alain Kinsch served as a leading audit partner and management consultant across Ernst & Young S.A. (“EY”) from 2004 through to December 2020, and held several senior leadership roles. Mr Kinsch served as Country Managing Partner leading EY Luxembourg in one of EY’s and the market’s fastest growing and most successful country practices (2009-2020). Mr. Kinsch was also the EMEIA Private Equity Fund Leader (2009-2020) and the founder and leader of EY’s Private Equity practice in Luxembourg (2004-2012). Throughout his entire career, Mr. Kinsch supported a portfolio of clients including private equity funds, banks as well as industrial and commercial companies, as signing lead audit partner. Mr Kinsch has been a member of the Luxembourg State Council since 2015, and was nominated as 2nd Most Influential Business Leader in Luxembourg by Paperjam Magazine in December 2018. Since May 2020, Mr. Kinsch has been serving as an independent director of Aperam S.A. (Euronext Amsterdam: APAM), a stainless and specialty steel producer, and serves on its Audit & Risk Management Committee and as Chairman of its Remuneration, Nomination & Corporate Governance Committee. At Arrival, he will serve on the Board of Directors as Chairperson of the Audit Committee.
Arrival has now announced all of its nominees for global Board of Directors, including the final two members - Tawni Nazario-Cranz and Rex Tibbens. With these additions, the board is expected to consist of seven members who bring a wealth of experience from some of the world’s most innovative technology-enabled businesses. Together, they will play an important role in supporting Arrival through this initial phase of execution, as the company expands its global reach over the coming years.
About Arrival
Arrival is reinventing the automotive industry with its entirely new method to the design and assembly of electric vehicles. Low CapEx, rapidly scalable Microfactories combined with proprietary in-house developed components, materials and software, enable the production of best in class vehicles competitively priced to fossil fuel variants and with a substantially lower total cost of ownership. This transformative approach provides cities globally with the solutions they need to create sustainable urban environments and exceptional experiences for their citizens. Arrival is a global business founded in 2015 and headquartered in London, UK and Charlotte, North Carolina, USA, with more than 1500 global employees located in offices across Germany, Netherlands, Israel, Russia, and Luxembourg. The company is deploying its first three Microfactories in North Carolina and South Carolina, USA and Bicester, UK in 2021.
About CIIG
CIIG Merger Corp. (NASDAQ: CIIC) is a Delaware special purpose acquisition company founded by Peter Cuneo, Gavin Cuneo and Michael Minnick for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. CIIG’s units, Class A common stock and warrants trade on the NASDAQ under the ticker symbols "CIICU," "CIIC," and "CIICW" respectively.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding the benefits of the proposed transaction, the anticipated timing of the proposed transaction, the anticipated timing of Arrival becoming a publicly listed Company, the products offered by Arrival and the markets in which it operates, the anticipated announcement of the appointment of additional members to Arrival’s Board of Directors, and Arrival Group’s projected future results. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Such statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are based on management’s belief or interpretation of information currently available. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including, but not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the price of CIIG’s securities, (ii) the risk that the transaction may not be completed by CIIG’s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by CIIG, (iii) the failure to satisfy the conditions to the consummation of the transaction, including the adoption of the business combination agreement by the stockholders of CIIG and Arrival, the satisfaction of the minimum trust account amount following redemptions by CIIG’s public stockholders and the receipt of certain governmental and regulatory approvals, (iv) the lack of a third party valuation in determining whether or not to pursue the proposed transaction, (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the business combination agreement, (vi) the impact of COVID-19 on Arrival’s business and/or the ability of the parties to complete the proposed transaction; (vii) the effect of the announcement or pendency of the transaction on Arrival’s business relationships, performance, and business generally, (viii) risks that the proposed transaction disrupts current plans and operations of Arrival and potential difficulties in Arrival employee retention as a result of the proposed transaction, (ix) the outcome of any legal proceedings that may be instituted against Arrival Group, Arrival or CIIG related to the business combination agreement or the proposed transaction, (x) the ability to maintain the listing of CIIG’s securities on the NASDAQ Stock Market, (xi) the price of CIIG’s and the post-combination company’s securities may be volatile due to a variety of factors, including changes in the competitive and highly regulated industries in which Arrival operates, variations in performance across competitors, changes in laws and regulations affecting Arrival business and changes in the combined capital structure, (xii) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed transaction, and identify and realize additional opportunities, (xiii) the risk of downturns and the possibility of rapid change in the highly competitive industry in which Arrival operates, (xiv) the risk that Arrival and its current and future collaborators are unable to successfully develop and commercialize Arrival’s products or services, or experience significant delays in doing so, (xv) the risk that the post-combination company may never achieve or sustain profitability; (xvi) the risk that the post-combination company will need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all; (xvii) the risk that the post-combination company experiences difficulties in managing its growth and expanding operations, (xviii) the risk that third-parties suppliers and manufacturers are not able to fully and timely meet their obligations; (xix) the risk that the utilization of Microfactories will not provide the expected benefits due to, among other things, the inability to locate appropriate buildings to use as Microfactories, Microfactories needing a larger than anticipated factory footprint, and the inability of Arrival to deploy Microfactories in the anticipated time frame; (xx) the risk that the orders that have been placed for vehicles, including the order from UPS, are cancelled or modified; (xxi) that Arrival has identified material weaknesses in its internal control over financial reporting which, if not corrected, could adversely affect the reliability of Arrival’s financial reporting (xxii) the risk of product liability or regulatory lawsuits or proceedings relating to Arrival’s products and services; (xxiii) the risk that Arrival is unable to secure or protect its intellectual property; and (xxiv) the risk that the post-combination company’s securities will not be approved for listing on the NASDAQ Stock Market or if approved, maintain the listing. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of CIIG’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, the Registration Statement and proxy statement/prospectus discussed above and other documents filed by CIIG from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Arrival Group, Arrival and CIIG assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Neither Arrival Group, Arrival nor CIIG gives any assurance that either Arrival Group, Arrival or CIIG will achieve its expectations.
PRIIPs / Prospectus Regulation /IMPORTANT – EEA AND UK RETAIL INVESTORS
The ordinary shares to be issued by Arrival Group in the proposed transaction (the “Ordinary Shares”) are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the EEA or in the UK. For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of MiFID II; or (ii) a customer within the meaning of Directive (EU) 2016/97, where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 (this Regulation together with any implementing measures in any member state, the “Prospectus Regulation”). Consequently, no offer of securities to which this announcement relates, is made to any person in any Member State of the EEA which applies the Prospectus Regulation who are not qualified investors for the purposes of the Prospectus Regulation, is made in the EEA and no key information document required by Regulation (EU) No. 1286/2014 (as amended the “PRIIPs Regulation”) for offering or selling the Ordinary Shares or otherwise making them available to retail investors in the EEA or in the United Kingdom will be prepared and therefore offering or selling the Ordinary Shares or otherwise making them available to any retail investor in the EEA or in the United Kingdom may be unlawful under the PRIIPs Regulation.
For more information, please visit www.arrival.com.
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Media and Investors
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Company outlines a Build Back Better framework to accelerate carbon reduction, environmental justice, and job creation starting with the built environment
SEATTLE--(BUSINESS WIRE)--McKinstry, a national construction and energy services firm, today unveiled a set of recommendations for the Biden-Harris administration’s Build Back Better jobs and recovery plan to propel the U.S. toward a zero-carbon future. The recommendations provide a framework to decarbonize the built environment, advance environmental justice, and create the thousands of sustained good-wage jobs needed to make buildings healthier, more resilient, and more efficient.
Commercial buildings today account for 40% of total carbon emissions and 40% of energy consumed in the U.S., but just 11% of that energy comes from clean, zero-carbon, renewable sources. While decades of utility energy efficiency programs have slowed energy consumption in the building sector, these initiatives do not reduce carbon emissions enough to prevent global temperatures from increasing beyond the 1.5-degree Celsius threshold that climate scientists agree is a tipping point.
“The world is grappling with the real-time effects of the climate crisis, racial injustice, economic inequities and the need to make better buildings more affordable,” said McKinstry CEO Dean Allen. “Clean energy and improved efficiency within the built environment can deliver a healthier, more affordable and more equitable society while directly addressing the climate crisis. At no other point has McKinstry felt so compelled and so confident to lay out the leadership needed to bring about bold change – for our people, for our industry, for our planet.”
In response to this need, McKinstry recommends a set of five specific actions focused on building momentum for transformative change in the U.S. energy value chain and speeding progress on critical goals related to the climate crisis, affordability, job creation and social equity.
Along with these recommendations, McKinstry calls on the Biden-Harris administration to create a clear, tangible, complete and compelling vision of what the U.S. will look like in 2030 – a highly efficient society powered by zero-carbon energy sources equitably distributed across incomes and geographies.
“Over the last decade, the effort to address the climate crisis has suffered from a lack of clarity around priorities and answers. We support a national effort aimed at creating the jobs required to build a modern, sustainable infrastructure today backed by an equitable zero-carbon future,” Allen said. “Modernizing infrastructure so that it is in better balance with the natural environment must happen within the next decade and a targeted zero-carbon investment and action in the built environment will lift up every community across the U.S. We must act with urgency and make the most of this once-in-a-generation opportunity.”
To learn more and download a copy of McKinstry’s white paper, “Action for Impact: Recommendations to Build Back Better,” visit: https://www.mckinstry.com/about/action-for-impact/
About McKinstry
McKinstry is a national leader in designing, constructing, operating and maintaining high-performing buildings. From new construction and ongoing operations to adaptive reuse and energy retrofits, the company provides a single point of accountability across the entire building lifecycle. McKinstry focuses on people and outcomes to ensure the built environment serves owners, operators and occupants alike. McKinstry is your trusted partner for the life of your building. Learn more at www.McKinstry.com.
Steve Smith
Voxus PR, on behalf of McKinstry
425.753.1653
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HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that it will participate in the following investor conferences this week.
The Partnership’s latest presentation materials are available and may be downloaded by visiting the Partnership’s website at www.genesisenergy.com under “Presentations” under the Investors tab.
Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis’ operations include offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation and marine transportation. Genesis’ operations are primarily located in the Gulf Coast region of the United States, Wyoming and the Gulf of Mexico.
Genesis Energy, L.P.
Ryan Sims
SVP – Finance and Corporate Development
(713) 860-2521
Update to MACS3’s Dangerous Goods module - IMDG code amendment 40-20 ensures stowage and segregation rules are followed, leading to safer and more efficient loading operations
OAKLAND, Calif. & FLENSBURG, Germany--(BUSINESS WIRE)--Navis, the leading provider of maritime software solutions for efficient and compliant cargo, stowage planning and vessel performance, announced that the MACS3 loading computer has successfully complied with the International Maritime Dangerous Goods (IMDG) code amendment 40-20. The MACS3 loading computer is setting the industry standard in maximizing operational safety for container vessels as well as efficient loading operations worldwide.
“When it comes to handling dangerous goods, safety is not just part of the job - it is the job,” said Younus Aftab, Chief Product Officer at Navis. “The increasing number of incidents at sea clearly emphasizes the importance of prioritizing safety for daily operations. With dangerous goods, there is just too much at the stake including legal sanctions and incidents leading to collateral damages, so it is imperative that appropriate safety measures not be overlooked and that key stakeholders across the ocean shipping supply chain operate with seamless solutions.”
The MACS3 DG module allows shipping companies to gain a holistic view and greater control over the safe handling of hazardous cargo. One of the unique benefits of the MACS3 DG module is the integration with StowMan and MACS3 API, which increases visibility and the robustness of operational safety. Connecting key stakeholders - terminals, ports, crew on-board, liners and ship managers and owners - ensures maximum safety of handling dangerous goods can be achieved at different operational stages. Planners can now share the same view on stowage-related KPIs as the crew on board, helping to optimize the cargo load and trim based on accurate vessel profile information. This is especially important when managing dangerous goods transportation under unexpected situations such as incidents at sea. In case of an incident or an emergency situation, the segregation and storage rules produced by MACS3 prevent collateral damage from happening.
“We know that shipping dangerous goods is not an easy task and safety of the vessel and crew aboard are of the utmost importance. At Navis, we are aiming to facilitate safer vessel operations and improve visibility of dangerous goods flowing through ports and terminals. That includes making sure that the solutions we provide are in compliance with the latest industry safety standards and that our customers have access to all of the relevant data necessary to make informed decisions that will make seaborne operations safer. We remain committed to delivering technology that will get our customers’ goods and people where they need to go without incident,” Younus Aftab, Chief Product Officer at Navis continued.
To learn more, visit www.navis.com.
About Navis, LLC
Navis, a part of Cargotec Corporation, is a provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the cargo supply chain. Navis combines industry best practices with innovative technology and world-class services, to enable our customers, regardless of cargo type, to maximize performance and reduce risk. Through its holistic approach to operational optimization, Navis customers benefit from improved visibility, velocity and measurable business results. Whether tracking cargo through a terminal, improving vessel safety and cargo capacity, optimizing rail network planning and asset utilization, automating equipment operations, or managing multiple terminals through an integrated, centralized solution, Navis helps all customers streamline operations. www.navis.com
About Cargotec Corporation
Cargotec (Nasdaq Helsinki: CGCBV) enables smarter cargo flow for a better everyday with its leading cargo handling solutions and services. Cargotec's business areas Kalmar, Hiab and MacGregor are pioneers in their fields. Through their unique position in ports, at sea and on roads, they optimise global cargo flows and create sustainable customer value. Cargotec has signed United Nations Global Compact’s Business Ambition for 1.5°C. The company’s sales in 2020 totalled approximately EUR 3.3 billion and it employs around 11,500 people. www.cargotec.com
Ekinsu Rudek
Navis, LLC
T+49 461 430 41 318
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Geena Pickering
Affect
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Selected companies to receive $100,000 cash investment and year-long accelerator experience
HOUSTON--(BUSINESS WIRE)--Halliburton Labs today announced that it has opened the application process for early stage clean energy companies interested in joining its accelerator program. The application deadline is April 23, 2021.
“We’re excited to identify technology entrepreneurs with ready-to-scale solutions in energy generation, storage, distribution, conservation, and the circular economy,” said Dale Winger, managing director, Halliburton Labs. “Our program provides critical resources, including technical and operational expertise across numerous hardware disciplines and a global business network, to help participants advance their products, prepare for further scale and position for additional financing.”
Halliburton Labs will invite selected applicants to pitch for a spot in the program on May 21, 2021, at the Halliburton Labs Finalist Pitch Day. The pitch day will be delivered as a major clean tech event hosted as part of the Houston Tech Rodeo, a festival that celebrates the convergence of popular culture and technology in Houston.
“In our experience, Halliburton Labs is distinct among accelerator programs in the breadth and depth of its valuable industrial expertise to rapidly and responsively support our build, deployment, and commercial-grade demonstration,” said Todd Brix, founder and CEO of OCO Inc., a Halliburton Labs participant. OCO transforms carbon dioxide, water, and zero carbon electricity into a hydrogen-rich platform chemical to make a wide variety of zero-carbon chemicals, materials, and fuels.
For more information and to apply visit www.HalliburtonLabs.com.
ABOUT HALLIBURTON LABS
Halliburton Labs is a collaborative environment where entrepreneurs, academics, investors and industrial labs join to advance cleaner, affordable energy. Located at Halliburton Company’s headquarters in Houston, Texas, Halliburton Labs provides access to world-class facilities, operational expertise, practical mentorship and financing opportunities in a single location to help participants scale their business. Visit the company’s website at www.halliburtonlabs.com. Connect with Halliburton Labs on Twitter, LinkedIn and Instagram. Halliburton Labs is a wholly owned subsidiary of Halliburton Company.
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Investor Relations
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External Affairs
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TEHACHAPI, Calif.--(BUSINESS WIRE)--World Wind & Solar (“WWS” or “the Company”), a Pearce Services company and leader in renewable energy operations and maintenance services for utility-scale wind, solar, and energy storage system (“ESS”) assets, today announced the expansion of its service offering with the addition of A & A Wind Pros, Inc. (“A & A Wind Pros”). A & A Wind Pros is a Waurika, Oklahoma-based provider of wind turbine cleaning, repair, and maintenance services, with an excellent reputation in the industry.
The addition of A & A Wind Pros to the WWS team further expands the Company’s portfolio of services to include wind turbine tower cleaning (internal and external), blade cleaning, and yaw puck removal and installation services. WWS also provides break-in maintenance, scheduled and emergency services, major component exchange, composite repairs, technical troubleshooting, engineered solutions, and parts and logistics to wind turbine OEMs and asset owners throughout the United States.
“The addition of A & A Wind Pros supports our continued mission to be a total solutions provider to our nation’s critical energy infrastructure. A & A Wind Pros is a well-established maintenance company with more than a decade of experience in the industry. They share our steadfast commitment to safety, integrity, environmental responsibility, and quality, making them an ideal addition to our team,” said Travis Dees, WWS’s Vice President of Operations.
“Enhancing our service offering and adding industry professionals to our team is a huge win for the WWS team, our customers, and the industry,” added Daryl Ragsdale, Vice President of Business Development at WWS.
Over the past year, WWS has continued to experience rapid growth and worked to enhance its service capabilities. With approximately 600 technicians working throughout the country, WWS is one of the largest Independent Service Providers (ISP) in the renewable energy industry, serving a wide range of OEMs, asset owners, and operators. The addition of A & A Wind Pros is a natural expansion of WWS’s service capabilities and provides additional career progression opportunities for all employees.
“Together with WWS, we will significantly expand our geographic coverage and deliver a more comprehensive service offering to our customers,” said Slade Roberson, Founder and President of A & A Wind Pros. “We are thrilled to be part of the WWS family and look forward to continued growth together,” added Jennifer Cathey, Co-Owner of A & A Wind Pros.
About World Wind & Solar (WWS)
World Wind & Solar (WWS) is the nation’s number one Independent Service Provider (ISP) and has been supporting renewable assets since 2007. WWS offers a comprehensive list of services across all phases of a project’s lifecycle including construction, commissioning, operations, including re-power or decommissioning. Project owner’s, OEM’s, O&M providers, and EPC companies use WWS to operate, maintain, and repair their critical assets. When you need quality scheduled or unscheduled maintenance, large corrective repairs or exchanges, blade repairs, inverter services, PV optimization, or any other specialty solution WWS should be your first call. For more information, please visit www.worldwindsolar.com.
About Pearce Services
Pearce Services is a leading national provider of operations, maintenance, and engineering services for mission-critical infrastructure. Pearce offers innovative, tech-enabled services across its four brands: Pearce Services, Pearce Renewables, MaxGen Energy Services, and World Wind & Solar. We safely serve our telecom, renewable energy, electric vehicle (EV), and energy storage system infrastructure customers around-the-clock. With nationwide coverage, we can deploy our highly trained technicians quickly and efficiently to provide you unmatched response times, quality, and consistent service for your distributed mission-critical assets. Our engineering and support teams use sophisticated software, analytics, and detailed safety plans to support our technical experts in the field. Our constant innovation and close collaboration with our customers are a hallmark of our service. To learn more about Pearce Services, visit www.pearce-services.com.
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Active member of the Bitcoin Community since 2013;
Brings 25 years’ experience in financial services, technology and technology investing to role as Vice Chairman of Board
DRESDEN, New York--(BUSINESS WIRE)--Greenidge Generation Holdings Inc. (“Greenidge” or the “Company”), a holding company that includes Greenidge Generation LLC, a vertically integrated bitcoin mining and power generation facility in Upstate New York, announced today the appointment of Ted Rogers, an active member of the bitcoin community for nearly a decade, as Vice Chairman of its Board of Directors.
Greenidge’s integrated business model delivers significant competitive advantages compared to bitcoin mining peers. Greenidge owns its own power generation assets and operates its own mining equipment, unlike most other bitcoin miners. This allows Greenidge to operate without relying on highly variable outside power purchase and hosting agreements that are subject to renegotiation or other cost volatility. The company also boasts low fixed costs shared between its power generation and cryptocurrency mining operations. In addition, Greenidge’s Upstate New York location provides access to some of the lowest-cost natural gas in North America.
Greenidge has a demonstrated record of successfully mining bitcoin, coupled with significant private investment from both funds sponsored and managed by Atlas Holdings LLC and major institutional investors. As bitcoin adoption continues to accelerate, Greenidge is well-positioned to benefit, as it is expected to be the only U.S. public company operating a vertically integrated power generation asset and bitcoin mining operation.
“I’m thrilled to join a best-in-class platform like Greenidge,” said Ted Rogers, Greenidge’s new Board Vice Chairman. “I believe that having a robust bitcoin mining community, one that moves quickly toward clean energy usage, is in the national interest of the United States. I joined because Tim Fazio and Greenidge have a clear commitment to ethically invest and innovate in the space. I look forward to helping the team write the next chapter in their story.”
Ted has 25 years’ experience in financial services, technology, and technology investing. He has been an active member of the bitcoin community since 2013, when he joined Xapo, one of the first venture-backed bitcoin platforms, before its launch in 2014. As President, he oversaw all of Xapo’s institutional offerings, including OTC, client services, and custody. The company became the largest bitcoin custodian in the world. Coinbase acquired the custody business of Xapo in 2019.
Before Xapo, Ted co-founded and served as General Partner for Arpex Capital, an international venture investment firm, whose portfolio includes fintechs such as Brex and Stone Payments. Earlier in his career, Ted worked in corporate finance for FBR Group and in Business Affairs for America Online. He graduated from Williams College in 1991 and cum laude from Georgetown University Law School in 1996. Ted spent two years as a linebacker for the Washington Football Team, including during their Super Bowl-winning season of 1991-1992.
About Greenidge Generation Holdings Inc.
Greenidge Generation Holdings Inc. is a holding company that includes Greenidge Generation LLC, a vertically integrated bitcoin mining and power generation facility in Upstate New York. Boasting an environmentally-sound 106MW natural gas plant that has undergone a remarkable transformation in recent years, Greenidge enjoys significant competitive advantages including low fixed costs, an efficient mining fleet, in-house operational expertise and low power costs due to its access to some of the least expensive natural gas in North America. The company is currently mining bitcoin and contributing to the security and transactability of the bitcoin ecosystem while concurrently meeting the power needs of homes and businesses in its region. Greenidge employs dozens of skilled associates, creating attractive new blockchain jobs and serving as an anchor for the Upstate New York economy.
Given its proven operational success and private investment from both funds sponsored and managed by Atlas Holdings LLC and major institutional investors, Greenidge is uniquely positioned to expand its unique, vertically integrated business model to additional sites.
Greenidge Generation Holdings Inc.
Media
Kelly Wallace
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917-991-6308
TORONTO--(BUSINESS WIRE)--Chemtrade Logistics Income Fund (TSX: CHE.UN) today announced that it has declared a cash distribution of $0.05 per unit for the month of March 2021 payable on April 27, 2021 to unitholders of record at the close of business on March 31, 2021.
Holders of units who are non-residents of Canada will be required to pay all withholding taxes payable in respect of any distributions of income by the Fund.
Rohit Bhardwaj
Vice President, Finance & CFO
Tel: (416) 496-4177
Ryan Paull
Business Development Manager
Tel: (973) 515-1831
GALESBURG, Mich.--(BUSINESS WIRE)--#automotive--Power management company Eaton today announced its Vehicle Group has launched an aftermarket ELocker differential for Toyota Tacoma midsize pickup trucks with manual transmissions, model years 2016 to present with an 8.9-inch ring gear and 32 spline axle. It's one of 14 aftermarket new differential part numbers for a variety of late-model vehicles.
In addition to the recently added ELocker differential for the Toyota Tacoma, Eaton introduced 11 other ELocker differentials in the past year that fit Toyota 4Runner®, FJ Cruiser®, Land Cruiser®, Tundra® and older Tacoma models.
“We heard requests from Toyota truck enthusiasts and went to work to fulfill their needs,” said Corneliu Bogdan, director, Aftermarket Product Strategy, Eaton’s Vehicle Group North America. “We’re glad to introduce new products that help them enjoy their outdoor lifestyle.”
The Eaton ELocker is an electronic locking differential designed for drivers that want full control and traction on demand. The ELocker features net-forged gears for the strength and durability needed for off-road and recreational driving. Its electronic controls provide driver-selectable operation and added reliability over similar air-controlled products. By simply pressing a dash switch, drivers can conveniently engage their differential to a 100 percent locked position and back to an open position.
In addition to the new Tacoma ELocker application, Eaton’s Vehicle Group recently introduced Detroit Truetrac® differential applications for late-model RAM® 1500 V-6 and V-8 pickups, General Motors 1500 pickup trucks with V-8 engines, and 2015 and newer S550 Ford Mustangs with 2.3-liter EcoBoost I-4, 3.7-liter V-6 and 5.0-liter V8 engines.
Truetrac offers RAM and GM pickup owners improved handling, better off-road performance and increased stability while towing, while Mustang owners will benefit from a tuned, high-bias preload system that enhances aggressive on-road performance and optimized wheel traction for maximum acceleration, making it ideal for street and strip applications.
“Eaton’s aftermarket team continues to add exciting new products to our aftermarket portfolio,” said Bogdan. “Our aftermarket customers are passionate about their vehicles, and we share that passion to help fulfill their needs.”
Eaton’s mission is to improve the quality of life and the environment through the use of power management technologies and services. We provide sustainable solutions that help our customers effectively manage electrical, hydraulic, and mechanical power – more safely, more efficiently, and more reliably. Eaton’s 2020 revenues were $17.9 billion, and we sell products to customers in more than 175 countries. We have approximately 92,000 employees. For more information, visit www.eaton.com.
Thomas Nellenbach
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(216) 333-2876 (cell)
H24US Corp announces best polymer membrane selectivity and permeability with novel technology that will drop cost for consumer and commercial adoption of clean hydrogen energy.
CAMARILLO, Calif.--(BUSINESS WIRE)--H24US Corp. today announces that its advanced polymer membrane technology has the best-known observed performance in selecting hydrogen (selectivity) from other gases with very high throughput (permeability) indicating that this technology is one of the current leaders in this field. This outstanding performance was contrasted to other membranes via a direct comparison of published data in an exhaustive literature search. The H24US process, called H2PrimeEnergy™, uses certain specialized materials and proprietary processing steps. (1)
Clean hydrogen, also known as Green hydrogen, “can be transported via pipes or trucks as a liquid or gas, similar to oil and natural gas. When used in fuel cells, hydrogen delivers enough energy per kilogram to rival jet fuel. And when sustainable sources like solar or wind are used to generate hydrogen through electrolysis — the process of splitting water (H2O) into hydrogen and oxygen — the result is an infinitely renewable zero-carbon energy source.” (2)
Blending hydrogen into the existing natural gas infrastructure has national and regional benefits for energy storage, resiliency, and emissions reductions. Hydrogen produced from renewable, nuclear, or other resources can be injected into natural gas pipelines with the blend used by conventional natural gas customers to generate power and heat. (3)
The Hydrogen Council has stated that Green hydrogen production prices are dropping faster than previously expected, with optimal operations beginning to achieve price parity (with fossil based gray hydrogen) by 2030 even without carbon taxes on the gray hydrogen. (4)
Per Bank of America, the global hydrogen energy market is at a ‘tipping point’ with $11 trillion market set to explode. (5)
H24US produces an exceptionally low cost, high performance membrane for separating hydrogen from multicomponent gas streams. These inexpensive membranes can be used for splitting hydrogen from other gases, and for hydrogen purification. This technology will facilitate hydrogen distribution via existing infrastructure by inserting low concentrations (up to 20%) of hydrogen to natural gas in existing pipelines and then using H2PrimeEnergy™ units for deblending the hydrogen at the customers’ site.
Company President Mike Rocke revealed that, “The new technology has created a cost-effective solution for selecting hydrogen out of gas mixtures that are produced from multiple sources. The H24US membrane does not use expensive precious metals in its manufacture. H2PrimeEnergy™ technology is a key to overcoming excessive cost issues now blocking acceptance of green hydrogen as the future of clean, zero carbon energy.”
H24US Corp has filed for two US patents on its unique technology and has been self-funded by the founders since inception. It is currently seeking additional investment/partners to build out the company’s hydrogen membrane and hardware production volume manufacturing.
For additional information contact: Mike Rocke: 408-421-9455 This email address is being protected from spambots. You need JavaScript enabled to view it. See: https://H24US.com
(1) Contact Mike Rocke for additional information. This email address is being protected from spambots. You need JavaScript enabled to view it.
(2) Get Ready: The Hydrogen Economy Is On Its Way (forbes.com)
(3) What effect will blending Hydrogen into the Natural Gas network have? - Energy Post
(4) Hydrogen projects worth $300 billion are dropping green H2 prices fast (newatlas.com)
(5) Hydrogen is at a 'tipping point' with $11 trillion market set to explode, says Bank of America (cnbc.com)
Mike Rocke, Phone 408-421-9455 email: This email address is being protected from spambots. You need JavaScript enabled to view it.
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