During National Customer Service Week, PG&E Provides Tips to Help Customers Use Less Energy
SAN FRANCISCO--(BUSINESS WIRE)--Pacific Gas and Electric Company (PG&E) is promoting ways to save energy and use it more efficiently in recognition of National Energy Efficiency Day (EE Day) today October 7, 2020. The annual national event that began in 2016 urges customers to save energy, cut pollution, and create jobs. Energy efficiency is the most affordable and fastest way to meet energy needs, cut utility bills, and reduce pollution.
“For more than four decades, PG&E has partnered with our customers to help reduce their energy use through a variety of products and services. Today, our commitment to helping customers save energy is stronger than ever. We recognize residential customers are now spending considerably more time at home – working, schooling and recreating -- and using more energy than normal. Energy efficiency is a critical tool to help customers reduce their bills and benefit local economies. EE Day reminds us of the importance of being energy efficient every day,” said Aaron August, PG&E Vice President of Business Development & Customer Engagement.
PG&E’s energy efficiency programs are built on California’s pioneering energy efficiency model, which has helped keep the state’s per capita electricity consumption nearly flat since the 1970s. PG&E programs are designed to reach customers using a variety of channels, from self-service software tools to PG&E’s business customer account representatives. Reducing the energy used by manufacturers, homes, and businesses benefits everyone – particularly in lowering energy bills. The average household saves almost $500 annually thanks to efficiency standards that apply to new appliances such as dishwashers, refrigerators, and water heaters.
An example of how these savings add up can be found in the PG&E Home Energy Reports, individually tailored mailings going out to 1.8 million PG&E households six times a year. These reports offer information on how households use energy and how that compares with similar homes in the neighborhood, along with savings tips and details on energy saving programs. The actions taken from these reports have helped participating customers save an estimated $250 million on their bills since 2011.
As National EE Day and National Customer Service Week (Oct. 5-9) are being celebrated, PG&E thanks our customers and offers to consider the following ways to make sustainable choices, lower energy use, and bills, this fall.
To find other energy-saving actions, visit www.pge.com or join the conversation on Twitter by using the hashtag #EEDay2020 or #NCSW2020. Customers can also compare and shop energy-saving appliances and electronics by logging onto marketplace.pge.com.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy companies in the United States. Based in San Francisco, with more than 23,000 employees, the company delivers some of the nation's cleanest energy to 16 million people in Northern and Central California. For more information, visit pge.com and pge.com/news.
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AKRON, Ohio--(BUSINESS WIRE)--$BW--Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Thermal segment will design, manufacture and supply two package boilers to Creative Energy for district heating in Vancouver, British Columbia, Canada. The contract is valued at more than $4 million.
The two B&W FM model water-tube package boilers, designed to fire natural gas or fuel oil, will be manufactured in the company’s Monterrey, Mexico, facility.
“B&W Thermal offers a broad portfolio of package boilers that are designed to provide dependable performance for a wide range of uses – from industry and manufacturing, to health care and municipal heating applications,” said B&W Chief Operating Officer Jimmy Morgan. “B&W Thermal’s many decades of ingenuity and experience have made our package boilers the preferred choice for thousands of customers, and we thank Creative Energy for choosing B&W for this project.”
Creative Energy is one of the largest district energy companies in North America. Its 280-megawatt plant in downtown Vancouver provides heating and domestic hot water to 215 buildings through a 15-kilometer network of underground pipelines.
“Creative Energy has a 50-year history of providing reliable service to customers,” said Creative Energy President & Chief Executive Officer, Krishnan Iyer. “The addition of these B&W boilers to our downtown system will further improve efficiency and provide redundancy to the planned installation of low carbon energy generation in the near term.”
Engineering for the boilers is underway and delivery is scheduled for Spring 2021.
With more than 5,000 units and 150 years of experience, B&W Thermal's water-tube package and industrial boilers are engineered to meet unique capacity, space, fuel, emissions, transportation, installation and other requirements. They offer reliable power with low emissions, low auxiliary power requirements, simple operation, low maintenance and can be tailored for a variety of fuel options.
About B&W
Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc., is a global leader in energy and environmental technologies and services for the power and industrial markets. Follow us on Twitter @BabcockWilcox and learn more at www.babcock.com.
About B&W Thermal
Babcock & Wilcox Thermal designs, manufactures and erects steam generation equipment, aftermarket parts, construction, maintenance and field services for plants in the power generation, oil & gas, and industrial sectors. B&W has an extensive global base of installed equipment for utilities and general industrial applications including refining, petrochemical, food processing, metals and more.
Forward-Looking Statements
B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the execution and completion of a contract to design, manufacture and supply two package boilers to Creative Energy Canada Platforms Corp. for district heating in Vancouver, British Columbia, Canada. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.
Investor:
Megan Wilson
Vice President, Corporate Development & Investor Relations
Babcock & Wilcox
704.625.4944 | This email address is being protected from spambots. You need JavaScript enabled to view it.
Media:
Ryan Cornell
Public Relations
Babcock & Wilcox
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SAN DIEGO--(BUSINESS WIRE)--#INL--XENDEE Corporation has partnered with Idaho National Laboratory to develop an optimized platform for designing Microgrid Fast Charging Stations (MFCS) quickly and effectively. This project is funded by the DOE Office of Electricity, Microgrid Program. The platform will be developed alongside a detailed analysis of two test sites which will act as seed locations for fast-charging facilities across the United States.
Additionally, with the use of distributed energy technologies, these Microgrid Fast Charging Stations can enable a deeper market penetration of private electric and commercial vehicles by allowing for the optimal placement of stations even in remote areas unserved by a traditional utility provider. In areas where a provider does exist, an optimized MFCS can help reduce distribution grid disturbances and costs for the entire energy market by supplementing the immense energy required for ultra-fast charging vehicles during peak hours, or by eliminating the need for upgrades to transmission lines.
“In each of our test sites, we will be addressing both a grid connected and an islanded MFCS design solution. This can also be expanded for further use cases such as multiple fast charging stations or large stations that allow for fast charging of Heavy Equipment Transporters,” said Michael Stadler, Ph.D., CTO of XENDEE. “This proof of concept will also enable XENDEE and Idaho National Labs (INL) to provide a streamlined, reliable, and standardized approach to the design and implementation of Microgrid enabled fast charging infrastructure throughout the world.” Success of the test cases performed within this project will ultimately enable a reliable electric vehicle fast-charging solution that could be implemented worldwide based primarily on renewables and battery storage.
Each test site will be developed using XENDEE’s end-to-end Microgrid design and optimization platform as well as Idaho National Laboratory’s Power & Energy Real-Time Lab. XENDEE researchers and engineers will design the Microgrid Fast Charging Stations, including the sizing and placement of Distributed Energy Resources technologies, techno-economic optimization, and power flow analysis to assure voltages can be sustained at every node. Optimizations can be extended from simply relieving congestion at charging sites to optimizing upgrades, energy resilience, and even selling voltage or frequency regulation back to the grid.
Once a design has been created, the XENDEE MFCS model will be validated using Hardware-in-the-Loop simulations of the dynamics and operation on the distribution system at Idaho National Laboratory's Power & Energy Real-time Lab. This simulated loop will evaluate XENDEE’s Microgrid model using actual control components under the most vigorous testing conditions without constructing a completed fast charging station.
“INL is enthusiastic about using its Controller Hardware in the Loop capabilities to simulate XENDEE’s test cases for Microgrid Fast Charging Stations,” said Anudeep Medam, Research Engineer at INL’s Power & Energy Systems department. “This setup is as close to the real world as possible, allowing us to scale up or down the power level and analyze Microgrid Fast Charging Stations under multiple scenarios for capacity and service provisions.”
“This will be the first simulation of our MFCS designs by a national laboratory,” remarked Adib Naslé, CEO of XENDEE, “and we are pleased to be doing it with INL.”
About XENDEE: XENDEE develops world-class Microgrid decision support software that helps designers and investors optimize and certify the Fight-Through™ resilience and financial performance of projects with confidence. The XENDEE Microgrid platform enables a broad audience, from business decision makers to scientists, with the objective of supporting investments in Microgrids and maintaining electric power reliability when integrating sources of renewable generation.
About Idaho National Laboratory: INL is a U.S. Department of Energy (DOE) national laboratory that performs work in each of DOE’s strategic goal areas: energy, national security, science and environment. INL is the nation’s center for nuclear energy research and development. Day-to-day management and operation of the laboratory is the responsibility of Battelle Energy Alliance.
See more INL news at: www.inl.gov
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Jay Gadbois
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CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) (the "Corporation" or "Ampco-Pittsburgh") announced today that it issued an open letter to its shareholders to thank those who participated in the recent equity rights offering and to clarify the terms of the Series A Warrants. The full text of the letter follows:
Dear Investor,
On behalf of the entire Corporation, I want to thank you for participating in our recent equity rights offering. As a result of your actions, we raised $19.3 million in gross proceeds, which adds immediate value to Ampco-Pittsburgh by strengthening our balance sheet, reducing our debts, and supporting capital expenditures that will make a difference to our long-term cost structure and profitability.
By selecting a rights offering process, we chose to prioritize you, our current shareholders, with the opportunity to maintain or increase ownership in the Corporation while providing us the capital to continue to improve and grow our business. We thank you for your very tangible support.
With the exercise of your rights, you received shares of AP common stock as well as Series A warrants to purchase new shares of AP common stock in the future. You may exercise each warrant for 0.4464 shares of AP common stock at an exercise price of $2.5668 per warrant, which equates to a value of ($2.5668/0.4464 =) $5.75 per whole common share.
Since warrants can be complex, we have prepared a Frequently Asked Questions (FAQ) document to address common questions on interpreting and exercising your Series A warrants. This FAQ is available on the Investor Relations section of our website at http://ampcopgh.com/investors/.
Again, we are very grateful for your continued support, and we are here to help with any issues the FAQ document does not address.
Sincerely yours,
J. Brett McBrayer
Chief Executive Officer
Ampco-Pittsburgh Corporation
About Ampco-Pittsburgh Corporation
Ampco-Pittsburgh Corporation manufactures and sells highly engineered, high-performance specialty metal products and customized equipment utilized by industry throughout the world. Through its operating subsidiary, Union Electric Steel Corporation, it is a leading producer of forged and cast rolls for the global steel and aluminum industry. It also manufactures open-die forged products that principally are sold to customers in the steel distribution market, oil and gas industry, and the aluminum and plastic extrusion industries. The Corporation is also a producer of air and liquid processing equipment, primarily custom-engineered finned tube heat exchange coils, large custom air handling systems, and centrifugal pumps. It operates manufacturing facilities in the United States, England, Sweden, Slovenia, and participates in three operating joint ventures located in China. It has sales offices in North and South America, Asia, Europe, and the Middle East. Corporate headquarters is located in Carnegie, Pennsylvania.
Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 (the "Act") provides a safe harbor for forward-looking statements made by or on behalf of the Corporation. The information contained in this press release may include, but are not limited to, statements about undertaking the rights offering described herein, operating performance, trends, events that the Corporation expects or anticipates will occur in the future, statements about sales and production levels, restructurings, the impact from global pandemics (including COVID-19), profitability and anticipated expenses and cash outflows. All statements in this document other than statements of historical fact are statements that are, or could be, deemed "forward-looking statements" within the meaning of the Act and words such as "may," "intend," "believe," "expect," "anticipate," "estimate," "project," "forecast" and other terms of similar meaning that indicate future events and trends are also generally intended to identify forward-looking statements. Forward-looking statements speak only as of the date on which such statements are made, are not guarantees of future performance or expectations and involve risks and uncertainties. For the Corporation, these risks and uncertainties include, but are not limited to: cyclical demand for products and economic downturns; excess global capacity in the steel industry; increases in commodity prices or shortages of key production materials; consequences of global pandemics (including COVID-19); new trade restrictions and regulatory burdens associated with "Brexit"; inability of the Corporation to successfully restructure its operations; limitations in availability of capital to fund the Corporation's operations and strategic plan; inability to satisfy the continued listing requirements of the New York Stock Exchange; potential attacks on information technology infrastructure and other cyber-based business disruptions; and those discussed more fully in documents filed with the SEC by the Corporation, particularly in the prospectus related to the rights offering and in Item 1A, Risk Factors, in Part I of the Corporation's latest annual report on Form 10-K, and Part II of the Corporation's Form 10-Q for the quarter ended June 30, 2020. The Corporation cannot guarantee any future results, levels of activity, performance or achievements. In addition, there may be events in the future that the Corporation may not be able to predict accurately or control which may cause actual results to differ materially from expectations expressed or implied by forward-looking statements. Except as required by applicable law, the Corporation assumes no obligation, and disclaims any obligation, to update forward-looking statements whether as a result of new information, events or otherwise.
Melanie L. Sprowson
Director, Investor Relations
(412) 429-2454
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DUBLIN--(BUSINESS WIRE)--The "Explosion Proof Equipment - Global Market Outlook (2019-2027)" report has been added to ResearchAndMarkets.com's offering.
The Global Explosion Proof Equipment market accounted for $7.09 billion in 2019 and is expected to reach $12.55 billion by 2027 growing at a CAGR of 7.4% during the forecast period.
While the factors like increased oil, investments in emerging markets, are some of the major factors driving the market growth. However, the lack of standardization is hampering market growth.
Explosion-proof equipment refers to commodities that limit any source of explosion within its housings. This equipment relies on different principles of protection, such as explosion avoidance, and explosion isolation. While explosion-proof equipment utilizes a strong, protective housing, to contain any explosion within itself, explosion segregation equipment isolates the source of an explosion inside a protective medium.
Based on the end user, the oil & gas segment is estimated to have a lucrative growth due to the extensive adoption of explosion-protected products in this sector as a preventive measure against explosive areas. The adoption of spark-resistant enclosures, thermocouples, and sensors in dangerous areas of oil & gas industry eliminate the release of potentially toxic and flammable substances.
Companies Mentioned
What the report offers:
Key Topics Covered:
1 Executive Summary
2 Preface
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Explosion Proof Equipment Market, By Group
5.1 Introduction
5.2 Group C: Petrochemicals
5.3 Group D: Petrochemicals (Includes Methane)
5.4 Group A: Acetylene
5.5 Group B: Hydrogen and Manufactured Gases Containing Hydrogen
6 Global Explosion Proof Equipment Market, By Protection Principle
6.1 Introduction
6.2 Explosion Prevention/Limiting Energy
6.3 Explosion Proof/Explosion Containment
6.4 Explosion Segregation (Isolation)
6.5 Encapsulations
6.6 Explosion-proof Lamp
7 Global Explosion Proof Equipment Market, By Flammable Substance
7.1 Introduction
7.2 Class I (Gas and Vapor)
7.2.1 Division 1
7.2.2 Division 2
7.3 Class II (Combustible Dust)
7.4 Class III (Fibers and Flying's)
8 Global Explosion Proof Equipment Market, By Explosion Protection
8.1 Introduction
8.2 Dust Explosion Protection
8.3 1D (Zone 20, 21 and 22)
8.4 2D (Zones 21 and 22)
8.5 3D (Zone 2)
8.6 Gas Explosion Protection
8.7 1Gas (Zones 0, 1 and 2)
8.8 2Gas (Zones 1 and 2)
8.9 3Gas (Zone 2)
9 Global Explosion Proof Equipment Market, By Zone
9.1 Introduction
9.2 Zone 0
9.3 Zone 20
9.4 Zone 1
9.5 Zone 21
9.6 Zone 2
9.7 Zone 22
9.8 Zone 12
9.9 Zone 212
10 Global Explosion Proof Equipment Market, By Temperature Class
10.1 Introduction
10.2 T1 (450C or 842F)
10.3 T2 (300C or 572F)
10.4 T3 (200C or 3142F)
10.5 T4 (135C or 275F)
10.6 T5 (100C or 212F)
10.7 T6 (85C or 185F)
11 Global Explosion Proof Equipment Market, By Product
11.1 Introduction
11.2 Industrial Controls
11.3 Process Instruments
11.4 Strobe Beacons
11.5 Sensors
11.6 Bells & Horns
11.7 Fire Alarms/Call Points
11.8 Visual & Audible Combination Units
11.9 Speakers & Tone Generators
11.10 Cable Glands & Accessories
11.11 Motors
12 Global Explosion Proof Equipment Market, By Connectivity Service
12.1 Introduction
12.2 Wired
12.3 Wireless
13 Global Explosion Proof Equipment Market, By Application
13.1 Introduction
13.2 Junction Boxes & Enclosures
13.3 Lifting Systems
13.4 Lighting Systems
13.5 Material Handling Systems
13.6 Panel Boards & Motor Starters
13.7 Switches & Sockets
13.8 Surveillance & Monitoring Systems
13.9 Signaling Systems
13.10 Switchgear
13.11 Heating, Ventilation, and Air Conditioning (HVAC)
13.12 Distribution Systems
13.13 Automation System
13.14 Power Supply System
13.15 Other Applications
13.15.1 Unions
13.15.2 Flexible Couplings
14 Global Explosion Proof Equipment Market, By End User
14.1 Introduction
14.2 Aerospace & Aircraft
14.3 Construction
14.4 Manufacturing
14.5 Mining
14.6 Oil & Gas
14.7 Marine Industry
14.8 Waste Management
14.9 Pharmaceutical
14.10 Power and Utility
14.11 Food Processing & Beverages
14.12 Automotive
14.13 Energy
15 Global Explosion Proof Equipment Market, By Geography
15.1 Introduction
15.2 North America
15.3 Europe
15.4 Asia Pacific
15.5 South America
15.6 Middle East & Africa
16 Key Developments
16.1 Agreements, Partnerships, Collaborations and Joint Ventures
16.2 Acquisitions & Mergers
16.3 New Product Launch
16.4 Expansions
16.5 Other Key Strategies
17 Company Profiling
For more information about this report visit https://www.researchandmarkets.com/r/ktms11
ResearchAndMarkets.com
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LONDON--(BUSINESS WIRE)--#GeneratorRentalMarketforOilandGasIndustry--The global generator rental market for oil and gas industry is expected to grow by USD 153.87 million as per Technavio. This marks a significant market slow down compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of 3%.
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Read the 120-page report with TOC on "Generator Rental Market for Oil and Gas Industry Analysis Report by Product (Diesel generator and Gas generator), Geography (MEA, North America, Europe, APAC, and South America), Application (Onshore and Offshore), and the Segment Forecasts, 2020-2024". Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales, and supply functions. https://www.technavio.com/report/generator-rental-market-for-oil-and-gas-industry-analysis
The generator rental market for oil and gas industry is driven by the need for consistent power. In addition, the increasing focus on unconventional oil and gas E&P activities is anticipated to boost the growth of the generator rental market for oil and gas industry.
Many oil and gas E&P companies are shifting to smaller, deep or ultradeep reserves, and unconventional reserves due to depleting conventional oil gas reserves. This has increased the use of power tools and additional tools and technologies as extracting oil from such reserves requires more power. In addition, processes such as production, processing, and refining in the oil and gas industry are energy-intensive and require a continuous supply of power. Any downtime in these processes will lead to significant monetary losses for oil and gas E&P companies. Hence, oil and gas E&P companies are exhibiting high demand for rental power as it serves as a backup to assist them during emergency and maintenance. It also helps them reduce downtime, operational costs, and ensures the safety of crew members. All these factors are positively influencing the growth of the global generator rental market for oil and gas industry.
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Major Five Generator Rental for Oil and Gas Industry Companies:
Aggreko Plc
Aggreko Plc operates its business through segments such as Rental Solutions, Power Solutions Industrial, and Power Solutions Utility. The company provides diesel and natural gas rental generators ranging from 20 kVA to 1,375 kVA.
APR Energy
APR Energy operates its business through segments such as Power solutions and Mobile technology. The company provides mobile containerized generators and diesel and natural-gas power module packages.
Ashtead Group Plc
Ashtead Group Plc operates its business through segments such as Sunbelt US, A-Plant, and Sunbelt Canada. The company offers rental power generators under the Sunbelt Rentals brand for industrial applications.
Atlas Copco AB
Atlas Copco AB operates its business through segments such as Compressor Technique, Vacuum Technique, Industrial Technique, and Power Technique. The company offers a wide range of mobile diesel generators and rental power generator models.
Caterpillar Inc.
Caterpillar Inc. operates its business through segments such as Resource Industries, Construction Industries, Energy and Transportation, and Financial Products. The company offers rental generators to oil and gas industry through its subsidiary, Energyst.
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Generator Rental Market for Oil and Gas Industry Product Outlook (Revenue, USD Million, 2020-2024)
Generator Rental Market for Oil and Gas Industry Geography Outlook (Revenue, USD Million, 2020-2024)
Generator Rental Market for Oil and Gas Industry Application Outlook (Revenue, USD Million, 2020-2024)
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Related Reports on Industrials Include:
Global Low Voltage (LV) Diesel Generators Market – Global low voltage (LV) diesel generators market by geography (APAC, Europe, MEA, North America, and South America) and end-user (commercial, residential, and industrial).
Global Mobile Power Generation Equipment Rentals Market – Global mobile power generation equipment market by product (generator and turbine) and geography (APAC, Europe, MEA, North America, and South America).
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DUBLIN--(BUSINESS WIRE)--The "Global Marine Composite Materials Market by Boat Type, Application Type, Material Type, and Region, - Forecast, Competitive Analysis, and Growth Opportunity: 2020-2025" report has been added to ResearchAndMarkets.com's offering.
This report studies the marine composite materials market for the forecast period of 2020 to 2025 at the global, regional, and country-level.
The report provides detailed insights about the market dynamics and competitive landscapes to enable informed business decision making and growth strategy formulation based on the opportunities present in the market. Furthermore, the publisher has exhaustively leveraged their huge marine database, gathered during the preparation of the comprehensive reports on the recreational fiberglass boat market and the marine epoxy resin market, in order to take the veracity of market estimations to the next level.
Companies Mentioned
The global spread of COVID-19 has imprinted an abysmal impact, clinching major economies across the globe. As a result, several industries have had to endure huge repercussions, making drastic changes in the stakeholders' long-term business strategies. The marine industry is no exception. Temporary halts in boat production have caused overall supply chain disruption, creating an obstructive impact on the marine composite materials market as well.
The pandemic's short- as well as long-term reverberations on the demand for marine composite materials are unprecedented. In the short-term, the boat demand is likely to stoop down to 2014-2015 levels, creating a lag of at least 4 to 5 years in the market. With the slow but steady revival in the boat demand, the market is expected to gradually pick up the pace in the long-term, well backed by key factors such as increasing the HNWI population; increasing boating participants in the marine hub, the USA; and increasing penetration of fiberglass boats. Expected healthy recovery in the USA's fiberglass boat market is likely to push the marine composite materials market towards healing, enabling it to cross its 2019-market level by 2025, growing at a healthy long-term CAGR of 7.0% (value basis).
Despite taking a severe blow in 2020, North America is projected to maintain its irrefutable lead, whereas Asia-Pacific is likely to remain the fastest-growing market during the forecast period. China is likely to be one of the fastest-growing marine composite material markets in the coming five years. There has been an increasing presence of country-level boat and yacht manufacturers in China to tap the growing potential.
The following are the key features of the report:
Key Topics Covered:
1. Executive Summary
2. Marine Composite Materials Market - Overview and Segmentation
3. Marine Composite Materials Market - The COVID-19 Impact Assessment
4. Competitive Analysis
4.1. Analyst Insights
4.2. Product Portfolio Analysis
4.3. Geographical Presence
4.4. New Product Launches
4.5. Strategic Alliances
4.6. Market Share Analysis
4.7. Porter's Five Forces Analysis
5. Marine Composite Materials Market Trend and Forecast by Boat Type (2014-2025)
5.1. Analyst Insights
5.2. Outboard Boat: Regional Trend and Forecast (US$ Million and Million Lbs.)
5.3. Inboard/Sterndrive Boat: Regional Trend and Forecast (US$ Million and Million Lbs.)
5.4. PWC: Regional Trend and Forecast (US$ Million and Million Lbs.)
5.5. Others: Regional Trend and Forecast (US$ Million and Million Lbs.)
6. Marine Composite Materials Market Trend and Forecast by Application Type (2014-2025)
6.1. Analyst Insights
6.2. Hull: Regional Trend and Forecast (US$ Million and Million Lbs.)
6.3. Deck: Regional Trend and Forecast (US$ Million and Million Lbs.)
6.4. Stringers: Regional Trend and Forecast (US$ Million and Million Lbs.)
6.5. Roof: Regional Trend and Forecast (US$ Million and Million Lbs.)
6.6. Others: Regional Trend and Forecast (US$ Million and Million Lbs.)
7. Marine Composite Materials Market Trend and Forecast by Material Type (2014-2025)
7.1. Analyst Insights
7.2. Polyester Resin: Regional Trend and Forecast (US$ Million and Million Lbs.)
7.3. Vinyl Ester Resin: Regional Trend and Forecast (US$ Million and Million Lbs.)
7.4. Epoxy Resin: Regional Trend and Forecast (US$ Million and Million Lbs.)
7.5. Glass Fiber: Regional Trend and Forecast (US$ Million and Million Lbs.)
7.6. Carbon Fiber: Regional Trend and Forecast (US$ Million and Million Lbs.)
7.7. Others: Regional Trend and Forecast (US$ Million and Million Lbs.)
8. Marine Composite Materials Market Trend and Forecast by Region (2014-2025)
8.1. Analyst Insights
8.2. North American Marine Composite Materials Market: Country Analysis
8.3. European Marine Composite Materials Market: Country Analysis
8.4. Asia-Pacific's Marine Composite Materials Market: Country Analysis
8.5. Rest of the World's (RoW) Marine Composite Materials Market: Sub-Region Analysis
9. Strategic Growth Opportunities
9.1. Market Attractiveness Analysis
9.1.1. Market Attractiveness by Boat Type
9.1.2. Market Attractiveness by Application Type
9.1.3. Market Attractiveness by Material Type
9.1.4. Market Attractiveness by Region
9.1.5. Market Attractiveness by Country
9.2. Emerging Trends
9.3. Growth Matrix Analysis
9.4. Strategic Implications
9.5. Key Success Factors (KSFs)
10. Company Profile of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/udp3e7.
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Named Chief Government and Public Relations Officer
HOUSTON--(BUSINESS WIRE)--Port Houston’s Executive Director, Roger Guenther, has officially announced Kerrick Henny as the new Chief Government & Public Relations Officer. In this newly-created role, Henny reports directly to the Executive Director. Henny has responsibility for all government relations, media, and communications strategies and activities.
In the announcement, Guenther emphasized Henny’s 30-year career highlighting his strong record of collaboration and work with a broad range of stakeholders.
“It is exciting to have Kerrick join the leadership team,” said Guenther. “He brings a long career and understanding of the economic contributions the Port of Houston makes to the region, the state, and the country.”
Henny began his extensive policy and business experience working for Texas State Legislators and the Texas Attorney General’s Office. He continued his career at AT&T, Inc., rising to the rank of Sr. Vice President External Affairs in his 22-year career there, successfully handling complex matters and issues on behalf of the global telecommunications and technology giant.
Henny joins Port Houston, leaving Texas Star Alliance, one of the nation’s leading lobbying firms, where he served as Principal and part of the senior leadership team since 2018.
A lifelong Houstonian and a graduate of the University of Houston, Henny has close ties to the Port.
“I am honored to join Port Houston and work with the team to achieve its goals,” said Henny. “This opportunity is very personal to me since my father spent over 35 years working as a Longshoreman along the Houston Ship Channel. I have fond memories of many people who worked very hard to support the various businesses that rely on the Port of Houston.”
Henny has served the community in leadership on multiple boards. Notably, he is the longest-serving Chairman of the Greater Houston Partnership’s Government Relations Advisory Committee. The Texas Black Caucus named him Outstanding Texan of the Year. Houston Friends of Friends Network recognized Henny as Positive Male Role Model of the Year, and he is also a graduate of Leadership Houston and Center for Houston’s Future.
Henny and his wife, Adrienne, have been married for more than 23 years, and they have a son, Kristopher.
About Port Houston
For more than 100 years, Port Houston has owned and operated the public wharves and terminals of the Port of Houston – the nation’s largest port for foreign waterborne tonnage and an essential economic engine for the Houston region, the state of Texas and the nation. It supports the creation of nearly 1.175 million jobs in Texas and 2.7 million jobs nationwide, and economic activity totaling almost $265 billion in Texas – 16 percent of Texas’ total gross domestic product – and more than $617 billion in economic impact across the nation. For more information, visit the port’s website at PortHouston.com.
Lisa Ashley, Director, Media Relations, Port Houston
Office: 713-670-2644; Mobile: 832-247-8179; E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
SAN FRANCISCO--(BUSINESS WIRE)--Dividend Finance Inc. (“Dividend”), a leading FinTech point-of-sale lender to solar and home improvement contractors, is announcing the launch of a new technology platform. In addition to a new solar + home improvement partner portal, Dividend is offering its solar contractors an array of new products and enhancements including:
Dividend’s New Partner Portal
With solar and home improvement in one portal, Dividend is making it easier than ever for contractors to provide a fast and informative sales experience to their customers. Dividend’s new portal offers a faster credit application process, the ability for users to update and resend documents, automated change orders, and customizable pipeline functionality to better enable users to manage projects from start to finish.
“We’ve been listening to our contractor network and wanted to deliver a comprehensive overhaul in Q4 2020 with a diverse suite of loan product options, a more flexible point-of-sale experience, enhanced credit approvals, and a streamlined funding process. The residential solar industry has continued to thrive despite facing some major hurdles in 2020. We are proud to see so many of our installer partners working to find creative solutions in this challenging and rapidly-changing environment, and we will continue our efforts to deliver tools that help salespeople close more deals and business leaders run more efficient operations,” said Skyler Hopkins, Dividend’s SVP of Solar Sales.
Dividend Lite – The Single Page App
In addition to the new partner portal, Dividend has launched a single page application to provide maximum speed and flexibility at the point of sale. Dividend Lite requires fewer data inputs upfront and allows a customer to go from prequalification to loan signing with a single click, while ensuring the same best-in-class consumer protection and data security protocols that the industry has come to expect from Dividend.
Direct Pay with CED Ensemble
After nearly three years of steady growth, Dividend is launching a new funding structure with CED Greentech’s Ensemble program. With Ensemble, installers can access up to a 50% stage payment and eliminate the burden of accounting and credit line management while getting exclusive access to the Dividend-Ensemble product suite. The latest iteration of this partnership removes the need for upfront project diligence and invoicing and ensures a more precise and streamlined funding process.
Technology Integrations
Over the coming months, Dividend will be launching strategic partnerships with some of the most popular point-of-sale tools in the solar industry, in addition to customized integrations for installer partners. Whether installers have built in-house software or are leveraging 3rd party applications, Dividend can integrate the prequalification, document signing, and pipeline management workflow for a truly seamless experience for the entire organization.
About Dividend Finance
Dividend is a leading FinTech point-of-sale lender to home improvement and solar contractors. The Company pioneered the residential solar financing landscape in 2014 with the launch of its EmpowerLoan™ product for financing residential solar installations and continues to expand its product offerings into the Home Improvement market. In addition to its industry-leading suite of financial products, Dividend has developed a comprehensive technology platform for installation partners and homeowners to streamline the financing process and manage financed project fulfillment. Learn more by visiting https://www.dividendfinance.com/div-partner-portal.
*Loan terms subject to underwriting and credit approval. Rates and terms may change. Please contact Dividend for more information.
Dividend Finance
Katie Giori, 858-800-4939
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New Center for Carbon Transition will help clients navigate the challenges and capitalize on long-term economic and environmental benefits of a low-carbon world
Firm commits to achieve operational carbon neutrality starting in 2020
NEW YORK--(BUSINESS WIRE)--JPMorgan Chase & Co. (NYSE: JPM) (“JPMorgan Chase” or the “Firm”) said today that it is adopting a financing commitment that is aligned to the goals of the Paris Agreement (“Paris”). As part of its strategy, the Firm intends to help clients navigate the challenges and capitalize on the long-term economic and environmental benefits of transitioning to a low-carbon world.
“Climate change is a critical issue of our time. The goals set in the Paris Agreement are commendable and ambitious, but the world is not on track to meet them,” said Daniel Pinto, co-President of JPMorgan Chase and CEO of its Corporate & Investment Bank. “While the world has a long way to go, we at JPMorgan Chase want to do more. That means working with clients, policymakers and advocates to transition our economy and turn the goals of Paris into a reality.”
The Climate Challenge
While a growing number of companies have been working to align their business strategies to the goals of the Paris Agreement, significant challenges exist. This includes a lack of comprehensive and high-quality greenhouse gas (“GHG”) emissions data, as well as the need for robust policy solutions and new technologies.
The International Energy Agency has noted that one-third of the emission reductions needed in its Paris-aligned Sustainable Development Scenario will have to come from technologies that are not yet commercially available. While the use of lower-carbon technology is growing within the electric power and automotive sectors, currently there are not adequate commercially available solutions to replace oil and natural gas in critical applications such as long-distance transportation and heavy industry. As a result, these resources will continue to play a significant role as sources of energy.
JPMorgan Chase plans to help tackle these challenges by working with clients in key sectors to align its financing activities with the goals of Paris.
A Commitment to Paris
The Paris Agreement aims to hold the increase in global average temperature to well below 2 degrees Celsius above pre-industrial levels, and ideally, to 1.5 degrees Celsius – which would require the world to achieve net-zero emissions by 2050.
As part of its commitment, JPMorgan Chase will establish intermediate emission targets for 2030 for its financing portfolio and begin communicating about its efforts in 2021. The Firm will focus on the oil and gas, electric power and automotive manufacturing sectors and set targets on a sector-by-sector basis.
Over time, JPMorgan Chase will aim to support companies to advance the goals of Paris, including reducing GHG emissions and expanding investment in low- and zero-carbon energy sources and technologies. The Firm recognizes that significant changes in policy and the creation of new technologies will ultimately be required to reach net-zero emissions by 2050, particularly in those industrialized sectors that today lack alternatives. To that end, JPMorgan Chase will continue to advocate for market-based policy solutions, including a price on carbon, and the commercialization of new technologies that can help advance deep decarbonization.
JPMorgan Chase plans to share more details in its next climate report, which will be informed by the recommendations of the Task Force on Climate-related Financial Disclosures (“TCFD”) and will be published in spring 2021. The Firm will also provide ongoing updates on its progress over time.
“With its ambitious new climate commitment, JPMorgan Chase & Co is positioning itself as a critical player in driving clean energy technology development and deployment. By aligning its financing with the Paris climate goals, the bank is sending a powerful signal that will help steer utilities, automakers, and oil and gas companies further along the path to decarbonization,” said Bob Perciasepe, President of the Center for Climate and Energy Solutions (C2ES). “Executing this new strategy will be no easy task. But as more and more companies step up to the challenge, it’s now up to our political leaders to enact the policies needed to get the job done.”
Center for Carbon Transition
The Firm is launching the Center for Carbon Transition (“CCT”) to provide clients in the Corporate & Investment Bank and Commercial Banking with centralized access to sustainability-focused financing, research and advisory solutions. The CCT will also engage clients on their long-term business strategies and related carbon disclosures. The group will be led by Rama Variankaval, a Managing Director and 18-year veteran of the Firm who also continues to lead J.P. Morgan’s Corporate Finance Advisory team.
“The transition to Paris-alignment will require big ideas, technology innovation and financing,” said Rama Variankaval, Head of the Center for Carbon Transition, JPMorgan Chase. “This group will enable us to leverage the best of our expertise and resources across the Firm to help all our clients thrive in a low-carbon future.”
Measurement and Industry Engagement
To help advance the transition to a low-carbon economy and track progress towards Paris, the Firm will aim to evaluate its clients’ carbon intensity, which tracks emissions relative to unit of output. When measured over time, carbon intensity provides insight into changes in efficiency and performance. The Firm is also exploring ways to most effectively address all emissions, including Scope 3 emissions, which are relevant for sectors where the majority of GHGs are generated at other points in the supply chain.
Additionally, the Firm will continue to engage with other stakeholders and clients on how to strengthen the comprehensiveness and quality of data reported, which remains a challenge, as well as advance policy solutions. As company disclosures improve, JPMorgan Chase remains committed to incorporating the best available information into decision making about its financing activities.
For example, earlier this year, the Firm became a Founding Partner of Rocky Mountain Institute’s Center for Climate-Aligned Finance, which is developing practical solutions for financial institutions seeking to pursue the goals of the Paris Agreement in relation to relevant business activities. In addition, JPMorgan Chase is a member of the Climate Leadership Council and Business Roundtable, the latter of which recently published a new set of principles to guide the development of effective climate policy.
Operational Carbon Neutrality
The Firm is also expanding upon its 100 percent renewable energy target by committing to become carbon neutral in its operations beginning in 2020. This commitment will cover all of JPMorgan Chase’s direct carbon emissions from its corporate buildings and branches, indirect emissions from the generation of purchased electricity, and emissions from employee travel.
History of Sustainability
JPMorgan Chase’s announcement builds upon its efforts to advance sustainable solutions for its clients and within its operations, including its commitment to facilitate $200 billion in financing in 2020 for companies and projects that support green, social and economic development objectives of the United Nations Sustainable Development Goals. This year, the Firm also announced a $1 billion inaugural green bond issuance to fund eligible green projects, which may include the financing or refinancing of projects related to green buildings and renewable energy projects as well as lending to clients for eligible green projects. Additionally, JPMorgan Chase committed to source renewable energy for 100 percent of the Firm’s power needs starting in 2020, through efforts such as installing on-site solar systems at its retail branches and commercial offices. The Firm has also called for market-based carbon policy solutions, including a price on carbon, both through its memberships in the Climate Leadership Council and Business Roundtable. More information on JPMorgan Chase’s sustainability efforts is available on the Firm’s sustainability webpage.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services Firm with assets of $3.2 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands.
Press Contact:
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SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX), one of the world’s leading energy companies, will hold its quarterly earnings conference call on Friday, October 30, 2020 at 11:00 a.m. ET (8:00 a.m. PT).
Conference Call Information:
Date: Friday, October 30, 2020
Time: 11:00 a.m. ET / 8:00 a.m. PT
Dial-in # (Listen-only mode): 773-305-6865 / 888-244-2435
Conference ID #: 7891185
Speakers:
Mark Nelson – Executive Vice President, Downstream & Chemicals
Pierre Breber – Vice President and Chief Financial Officer
Wayne Borduin – General Manager, Investor Relations
To access the live webcast, visit www.chevron.com.
The meeting replay will also be available on the company website under the “Investors” section.
Chevron Corporation is one of the world’s leading integrated energy companies. Through its subsidiaries that conduct business worldwide, the company is involved in virtually every facet of the energy industry. Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemicals and additives; generates power; and develops and deploys technologies that enhance business value in every aspect of the company’s operations. Chevron is based in San Ramon, Calif. More information about Chevron is available at www.chevron.com.
Media Contact:
Sean Comey
+1 (925) 842-5509
MELBOURNE, Australia--(BUSINESS WIRE)--Hansen Technologies is pleased to announce that Australia’s Western Power, a leading electricity distributor, is advancing its capabilities in the smart energy era with the addition of the network billing module within Hansen CIS. Coupled with the company’s established use of Hansen MDM, the addition of the Hansen Network Billing Module will enhance Western Power’s ability to handle the advanced metering infrastructure, as it charts a new journey in the age of digitalization and unprecedented data creation.
In a rapidly changing landscape, Western Power continuously strives to meet the evolving energy needs of their customers, providing a wide range of traditional and renewable energy sources to power modern lifestyles. With an exponential data increase expected over the next few years, the newly added network billing module within Hansen CIS will enable Western Power to more effectively meet the needs of energy retailers while providing the necessary capabilities for end-customers to experience the rewards of innovative energy solutions.
Andrew Smith, Head of Information and Communication Technology, Western Power, commented: “We have enjoyed an immensely rewarding relationship with Hansen Technologies spanning more than ten years. Operating in an increasingly data-first environment, we were in need of a solution that could handle a higher degree of advanced metering and complex billing demands. With enhanced operational efficiency, reduced billing time and increased market dynamics, the latest upgrades to Western Power’s capabilities marks another milestone in this partnership.
David Castree, President, Asia-Pacific, Hansen Technologies, commented: “As a valued customer for over a decade now, we are thoroughly invested in the continued success of Western Power as it takes the next steps in its digital journey. Upgrading their advanced energy solutions capabilities whilst delivering improved operational outcomes has been a great success. As the energy market continues to evolve, we look forward to strengthening our partnership even further in the years to come.”
Hansen MDM is a smart metering solution that ensures energy companies leverage real-time energy usage data to improve the management of grid networks and provide accurate billing and resulting energy efficiency to customers. The solution brings benefits to the entire utility value chain – from smart device roll-out management to energy logistics, energy business, billing and value-added customer related services. Provided as a premise or cloud-based solution, companies are able to run their operations aligned to their preferred business model.
For further information about Hansen Technologies, please visit www.hansencx.com.
About Hansen Technologies
Hansen Technologies (ASX: HSN) is a leading global provider of software and services to the energy, water and communications industries. With its award-winning software portfolio, Hansen serves 550+ customers in over 80 countries, helping them to create, sell, and deliver new products and services, manage and analyse customer data, and control critical revenue management and customer support processes.
For more information, visit www.hansencx.com
About Western Power
Western Power is a Western Australian State Government-owned corporation. Our vision is to deliver on the changing energy needs of Western Australians, powered by community trust and the passion of our people. For more than 70 years, we have been delivering energy safely, reliably and efficiently.
Western Power’s vast transmission and distribution network connects Western Australians to a wide range of both traditional and renewable energy sources to power a vibrant modern lifestyle. For more information, visit: https://westernpower.com.au/.
Adnan Bashir
Senior Corporate Communications Manager
Hansen Technologies
+1 647-204-0999
Multiple states with varying climates and road conditions adopt electric school buses for cost savings and environmental impact
FORT VALLEY, Ga.--(BUSINESS WIRE)--Electric vehicles have experienced significant growth in the past decade, and school buses are no exception. Since their introduction in 2018, school bus manufacturer Blue Bird Corporation (NASDAQ: BLBD), has seen a surge in demand for their 100% electric school buses. While a majority of these buses have been sold in California, the interest in electric is nation-wide, with buses being deployed all over the country.
“With districts able to obtain grant and other financial assistance, locations that we have deployed electric school buses in were the first in their state to have an EV bus in their fleet,” said Phil Horlock, president and CEO of Blue Bird Corporation. “As the only manufacturer currently producing every bus type in Electric, we can help districts start to introduce and potentially transform their entire fleet over time to zero emissions.”
School bus fleets in many states are transitioning their fleets to alternative power solutions such as propane and electric, in an effort to benefit their communities with cleaner air. “As districts continue to see the environmental benefits of low- and zero-emissions solutions, such as electric, it is inevitable for our industry to see this shift,” added Horlock. “In fact, over 50% of what we produce is an alternative to diesel, and we are prepared to meet further growth in demand.”
Electric buses built by Blue Bird are now equipped with vehicle to grid (V2G) capability, allowing communities to use the electric buses as back-up power sources in emergency situations, as well as revenue generators through selling electricity back to the grid while the bus is plugged in during peak power use times. Electric buses also have fewer parts to maintain, which helps the district see immediate savings on maintenance costs.
“The usual concern with deciding to introduce electric in a new area is the climate – will it work in cold weather?” said chief commercial officer for Blue Bird, Mark Terry. “We have deployed buses in over 25% of all states in the U.S., including cold climates such as North Dakota and New York, as well as hot areas such as Texas and Georgia. Charging is a key part of the equation that districts should really look into, and we have an incredible dealership network that helps districts navigate infrastructure setup to ensure effective charging and operation.”
For more information on Blue Bird’s electric school buses, please visit www.blue-bird.com/electric.
About Blue Bird Corporation
Blue Bird (Nasdaq: BLBD) is the leading independent designer and manufacturer of school buses, with more than 550,000 buses sold since its formation in 1927 and approximately 180,000 buses in operation today. Blue Bird distinguishes itself from its principal competitors by its singular focus on the design, engineering, manufacture and sale of school buses and related parts. As the only manufacturer of chassis and body production specifically designed for school bus applications, Blue Bird is recognized as an industry leader for school bus innovation, safety, product quality/reliability/durability, operating costs and drivability. In addition, Blue Bird is the market leader in alternative fuel applications with its propane-powered, electric-powered and compressed natural gas-powered school buses. Blue Bird manufactures school buses at two facilities in Fort Valley, Georgia. Its Micro Bird joint venture operates a manufacturing facility in Drummondville, Quebec, Canada. Service and after-market parts are distributed from Blue Bird’s parts distribution center located in Delaware, Ohio. For more information on Blue Bird’s complete line of buses, visit www.blue-bird.com.
FOR MORE INFORMATION:
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Accurately Determines Stuck Point in Pipe, Tubing or Casing String
HOUSTON--(BUSINESS WIRE)--Titan Division of Hunting Energy Services, a subsidiary of Hunting PLC, the international energy services company, today introduced its Digital Freepoint Tool. The tool transmits real-time data processed from movements in the downhole assembly that allows operators to determine where their tubulars are stuck in the borehole, and make rapid and informed decisions in recovering the immobilized assembly.
The tool’s Hall Effect sensor picks up movements in the assembly associated with tension, compression, or torque and converts that to an AC signal. This signal is sent up hole and processed at the surface by the Digital Freepoint Panel or SDS Warrior System.
With accurate data in hand, the operator has the ability to fire a jet cutter or string shot below the tool in the same run.
About Hunting
Hunting PLC is an international energy services provider to the world's leading upstream oil and gas companies. Established in 1874, it is a premium-listed public company traded on the London Stock Exchange. The Company maintains a corporate office in Houston and is headquartered in London. As well as the United Kingdom, the Company has operations in Canada, China, Indonesia, Kenya, Mexico, Netherlands, Norway, Saudi Arabia, Singapore, South Africa, United Arab Emirates and the United States of America.
The company’s Hunting Energy Services Titan Division engineers and manufactures perforating systems, wireline selective firing systems, cased hole logging instruments, nuclear detectors, energetics, and associated wireline hardware and accessories.
Business Contact: John Feuerstein, Hunting, 281-442-7382, This email address is being protected from spambots. You need JavaScript enabled to view it.
FRAMINGHAM, Mass.--(BUSINESS WIRE)--#earnings--Ameresco, Inc. (NYSE:AMRC), a leading energy efficiency and renewable energy company, today announced that it will release its third quarter 2020 financial results after the close of the market on Monday, November 2, 2020. The earnings press release will be available on the “Investor Relations” section of the Company’s website at www.ameresco.com. The Company will host an earnings conference call at 4:30 p.m. ET the same day.
In conjunction with its earnings conference call and press release, the Company will provide supplemental information concerning the financial results. The supplemental information on a Current Report on Form 8-K will be posted to the “Investor Relations” section of the Company's website.
Participants may access the earnings conference call by dialing domestically +1 (877) 359-9508 or internationally +1 (224) 357-2393. The passcode is 8769918. Participants are advised to dial into the call at least ten minutes prior to register. A live, listen-only webcast of the conference call will also be available over the Internet. Individuals wishing to listen can access the call through the “Investor Relations” section of the Company’s website at www.ameresco.com. If you are unable to listen to the live call, an archived webcast will be available on the Company’s website for one year.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading independent provider of comprehensive services, energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include upgrades to a facility’s energy infrastructure and the development, construction and operation of renewable energy plants. 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.
Media Relations
Leila Dillon, 508.661.2264, This email address is being protected from spambots. You need JavaScript enabled to view it.
Investor Relations
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The company receives Small Business Innovation Research Program funding for continued development of major solar panel innovation.
WILMINGTON, Mass.--(BUSINESS WIRE)--Leading Edge Equipment Technologies, the maker of revolutionary silicon wafer manufacturing equipment for solar panels, has been awarded a National Science Foundation (NSF) Small Business Innovation Research (SBIR) Phase II grant for $998,820 to support continued research and development of their advanced silicon wafer manufacturing process.
“Our first grant from the NSF was instrumental in proving our nascent technology can move from the lab into the real world,” said Alison Greenlee, Founder of Leading Edge and Principal Investigator. “The NSF’s continued support helps us take the next step in developing this important manufacturing technology so it can be reliably deployed and drive global adoption of renewable energy.”
Leading Edge has developed a new drop-in manufacturing technology that produces kerfless, single-crystal silicon wafers for solar panels. The company’s manufacturing equipment uses their patented Floating Silicon Method™ to produce silicon wafers through ribbons. This manufacturing technology reduces silicon wafer costs by 50 percent, increases commercial solar panel power by up to seven percent, and reduces solar panel manufacturing emissions by over 55 percent. Leading Edge’s technology will accelerate renewable energy adoption and has the potential to annually eliminate up to one gigaton of CO2 when fully deployed in the industry.
“NSF is proud to support the technology of the future by thinking beyond incremental developments and funding the most creative, impactful ideas across all markets and areas of science and engineering,” said Andrea Belz, Division Director of the Division of Industrial Innovation and Partnerships at NSF. “With the support of our research funds, any deep technology startup or small business can guide basic science into meaningful solutions that address tremendous needs.”
The new funding will be used to continue development of p-type solar cells as well as more advanced n-type cell architectures. Development will be conducted at Leading Edge’s new production headquarters outside Boston, Massachusetts.
All proposals submitted to the NSF SBIR/STTR program, also known as America’s Seed Fund powered by NSF, undergo a rigorous merit-based review process. Leading Edge has previously received non-dilutive funding from the National Science Foundation, the Department of Energy, and the Massachusetts Clean Energy Center.
About Leading Edge Equipment Technologies
Leading Edge Equipment Technologies has developed a revolutionary crystal growth manufacturing technology that creates kerfless, single-crystal silicon wafers for solar panels. The company builds drop-in manufacturing equipment for solar panel manufacturers that can lower all-in module production costs, improve solar cell efficiency, and reduce manufacturing emissions. Learn more at www.leadingedgetech.io.
About the National Science Foundation's Small Business Programs
America’s Seed Fund powered by NSF awards $200 million annually to startups and small businesses, transforming scientific discovery into products and services with commercial and societal impact. Startups working across almost all areas of science and technology can receive up to $1.75 million in funding to support research and development (R&D), helping de-risk technology for commercial success. America’s Seed Fund is congressionally mandated through the Small Business Innovation Research (SBIR) program. The NSF is an independent federal agency with a budget of about $8.1 billion that supports fundamental research and education across all fields of science and engineering. To learn more about America’s Seed Fund powered by NSF visit: https://seedfund.nsf.gov/
Alison Greenlee, Founder & CCO
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NEW YORK--(BUSINESS WIRE)--Citi’s Issuer Services business, acting through Citibank, N.A., has been appointed by China Yangtze Power Co., Ltd. (“CYPC”) – one of the largest listed hydropower companies in the world, established under the laws of the People’s Republic of China - to act as Depositary Bank for its Global Depositary Receipt (“GDR”) program.
CYPC’s GDR program was established in connection with a US$1.82 billion initial public offering of its GDRs (or approximately $2.01 billion, if the underwriters exercise their over-allotment option in full), priced at US$26.46 per GDR. The GDRs are listed on the Shanghai-London Stock Connect (“SLSC”) segment of the Main market of the London Stock Exchange (“LSE”) under the symbol “CYPC”. Each GDR represents ten A shares. CYPC’s A shares are listed and traded on the Shanghai Stock Exchange (“SSE”) under the stock code 600900.
“The successful listing on the London Stock Exchange will help raise CYPC’s profile in the international capital markets and help it further develop its overseas business. During the roadshow, CYPC’s strengths in hydropower business, future strategies of expanding along the industrial value chain and achievements in our overseas business were fully recognized by international investors, and we are happy to see many reputable international institutional investors joining the rank of our shareholders…We look forward to bringing more value to shareholders under the Shanghai-London Stock Connect,” said Mr. LEI Mingshan, Chairman of China Yangtze Power Company.
“It’s our honor to be appointed as the Depositary Bank for CYPC’s LSE Listed GDR Program,” said Dirk Jones, Head of Global Issuer Services at Citi. “Citi is committed to providing CYPC and its investors with the highest quality services by leveraging our cross-regional capabilities, global network and our experience gained in other SLSC programs.”
Citi is a leading provider of depositary receipt services. With depositary receipt programs in 67 markets, spanning equity and fixed-income products, Citi leverages its global network to provide cross-border capital market access to issuers, intermediaries and investors.
For more information about Citi’s Depositary Receipt Services, please visit www.citi.com/dr.
About Citi
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi
Sophia Anthony
Citi Global Public Affairs
Banking, Capital Markets & Advisory Communications
+1 (212) 816-7140
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Multiple market trends support rapid adoption, including growing complexity of energy technologies, sustainability commitments, and CAPEX constraints
BOULDER, Colo.--(BUSINESS WIRE)--#BuildingEfficiency--A new report from Guidehouse Insights examines the market for energy as a service (EaaS) financing, providing regional forecasts for building efficiency, onsite energy supply, and energy flexibility solutions, through 2029.
While EaaS definitions continue to evolve, the financing element—focused on OPEX-based payments—is increasingly recognized as the central distinguishing feature of these agreements. EaaS contracts allow customers to outsource parts or the entirety of their energy operation while avoiding CAPEX or debt and paying out of the OPEX budget instead. The EaaS vendor owns and controls the installed technologies and guarantees an output, such as heating, cooling, or electricity. Click to tweet: According to a new report from @WeAreGHInsights, the as a service financing market for energy solutions is expected to grow from $1.6 billion in 2020 to $27.2 billion in 2029 at a compound annual growth rate of 36.8%.
“Customers are attracted to EaaS financing as it allows them to address sustainability and deferred maintenance while upgrading facilities with OPEX-only payments and immediate ROI,” says Sasha Wedekind, research analyst with Guidehouse Insights. “Multiple market trends support rapid adoption of the EaaS financing model, including growing complexity of available energy technologies, expanding sustainability commitments, and constraints on CAPEX across different sectors.”
According to the report, the market is expected to scale as common definitions evolve and vendors converge around a couple of repeatable models that are known by customers. North America is estimated to be the largest market for as a service financing for energy solutions in 2020, representing 42% of the total market value.
The report, Market Data: As a Service Financing for Energy Solutions, forecasts the EaaS financing market size between 2020 and 2029. The forecast is segmented by five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Revenue is also segmented by three technology categories: building efficiency, onsite energy supply, and energy flexibility solutions. The forecast also provides revenue splits between commercial and institutional customers. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
About Guidehouse
Guidehouse is a leading global provider of consulting services to the public and commercial markets with broad capabilities in management, technology, and risk consulting. We help clients address their toughest challenges with a focus on markets and clients facing transformational change, technology-driven innovation and significant regulatory pressure. Across a range of advisory, consulting, outsourcing, and technology/analytics services, we help clients create scalable, innovative solutions that prepare them for future growth and success. Headquartered in Washington DC, the company has more than 7,000 professionals in more than 50 locations. Guidehouse is led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets and agenda-setting issues driving national and global economies. For more information, please visit: www.guidehouse.com.
* The information contained in this press release concerning the report, Market Data: As a Service Financing for Energy Solutions, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
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HOUSTON--(BUSINESS WIRE)--$NEXT #LNG--NextDecade Corporation (NextDecade or the Company) (NASDAQ: NEXT) today announced that the Company has developed proprietary processes using proven technology to reduce carbon dioxide equivalent (CO2e) emissions at its proposed Rio Grande LNG facility by approximately 90 percent. NextDecade is also exploring options to address the remaining emissions to enable Rio Grande LNG to achieve carbon-neutrality.
Throughout the course of NextDecade’s pre-FID development activities, and intensively in recent months, the Company has evaluated multiple technical solutions to ascertain the commercial viability of dramatically reducing CO2e emissions at Rio Grande LNG.
Based on these evaluations, NextDecade has determined that carbon capture and storage (CCS) is the most feasible technical solution for Rio Grande LNG. The Company believes that the addition of proven CCS technology in conjunction with its proprietary processes could reduce the CO2e emissions of its Rio Grande LNG facility by approximately 90 percent. While NextDecade advances its work in this area, the Company is also exploring options to address the remaining (approximately 10 percent) CO2e emissions.
“Natural gas has a critical role to play in the global energy transition to a low-carbon economy, ensuring the security of energy supplies and preserving high quality jobs in the United States and around the world,” said Matt Schatzman, NextDecade’s Chairman and Chief Executive Officer. “Our work to date confirms that reliable, competitively priced LNG and responsible environmental stewardship are not mutually exclusive. A solution that promises both is indeed eminently feasible with the thoughtful use of existing technologies and the application of our proprietary processes.”
NextDecade continues to work on remaining commercial agreements needed to achieve a final investment decision in 2021, enabled by flexible commercial offerings and leadership in environmental and social performance including targeting carbon-neutrality at Rio Grande LNG.
About NextDecade Corporation
NextDecade is a liquefied natural gas (LNG) development company focused on LNG export projects. NextDecade is developing the largest LNG export solution linking Permian Basin and Eagle Ford Shale natural gas to the global LNG market, creating value for producers, customers, and stockholders. Its portfolio of LNG projects includes the 27 mtpa Rio Grande LNG export facility in the Port of Brownsville, Texas. NextDecade’s common stock is listed on the Nasdaq Stock Market under the symbol “NEXT.” NextDecade is headquartered in Houston, Texas. For more information, visit www.next-decade.com.
NextDecade Forward-Looking Information
This press release contains forward-looking statements within the meaning of U.S. federal securities laws. The words “anticipate,” “contemplate,” “estimate,” “expect,” “project,” “plan,” “intend,” “believe,” “may,” “might,” “will,” “would,” “could,” “should,” “can have,” “likely,” “continue,” “design” and other words and terms of similar expressions are intended to identify forward-looking statements, and these statements may relate to the business of NextDecade and its subsidiaries. These statements have been based on NextDecade’s current assumptions, expectations, and projections about future events and trends and involve a number of known and unknown risks, which may cause actual results to differ materially from expectations expressed or implied in the forward-looking statements. These risks include uncertainties about progress in the development of NextDecade’s LNG liquefaction and export projects and the timing of that progress; NextDecade’s final investment decision (“FID”) in the construction and operation of a LNG terminal at the Port of Brownsville in southern Texas (the “Terminal”) and the timing of that decision; the successful completion of the Terminal by third-party contractors and an approximately 137-mile pipeline to supply gas to the Terminal being developed by a third-party; NextDecade’s ability to secure additional debt and equity financing in the future to complete the Terminal; the accuracy of estimated costs for the Terminal; statements that the Terminal, when completed, will have certain characteristics, including amounts of liquefaction capacities; the development risks, operational hazards, regulatory approvals applicable to the Terminal’s and the third-party pipeline's construction and operations activities; NextDecade’s anticipated competitive advantage and technological innovation which may render its anticipated competitive advantage obsolete; the global demand for and price of natural gas (versus the price of imported LNG); the availability of LNG vessels worldwide; changes in legislation and regulations relating to the LNG industry, including environmental laws and regulations that impose significant compliance costs and liabilities; the 2019 novel coronavirus pandemic and its impact on NextDecade’s business and operating results, including any disruptions in NextDecade’s operations or development of the Terminal and the health and safety of NextDecade’s employees, and on NextDecade’s customers, the global economy and the demand for LNG; risks related to doing business in and having counterparties in foreign countries; NextDecade’s ability to maintain the listing of its securities on a securities exchange or quotation medium; changes adversely affecting the business in which NextDecade is engaged; management of growth; general economic conditions; NextDecade’s ability to generate cash; compliance with environmental laws and regulations; the result of future financing efforts and applications for customary tax incentives; and other matters discussed in the “Risk Factors” section of NextDecade’s Annual Report on Form 10-K for the year ended December 31, 2019 and other subsequent reports filed with the Securities and Exchange Commission, all of which are incorporated herein by reference.
Additionally, any development of the Terminal remains contingent upon completing required commercial agreements, acquiring all necessary permits and approval, securing all financing commitments and potential tax incentives, achieving other customary conditions and making a final investment decision to proceed. The forward-looking statements in this press release speak as of the date of this release. Although NextDecade believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that the expectations will prove to be correct. NextDecade may from time to time voluntarily update its prior forward-looking statements, however, it disclaims any commitment to do so except as required by securities laws.
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Investment will accelerate expansion of outsourced solutions leader in the transportation and logistics industry
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Lean Staffing Solutions (“LSS”), a leading provider of nearshore, expert outsourced solutions for transportation and logistics companies in the United States, today announced a $42.5 million minority growth equity investment from FTV Capital, a sector-focused investor in innovative companies in enterprise technology and services, financial services, and payments and transaction processing. LSS, headquartered in Florida with operations in four cities across Colombia, is a pioneer in nearshoring for the logistics and transportation industry. The investment enables LSS to continue expanding in its core transportation and logistics market and further enhance the product suite to better serve clients. The investment will also help LSS grow its footprint beyond transportation into industries like finance, healthcare, factoring and insurance, where LSS’s domain expertise and broadly applicable offering will help customers to become more efficient, improve scalability and reduce cost.
Given its proximity to the United States, Colombia has emerged as a preferred nearshoring hub for many North American companies, particularly those in the freight brokerage and third-party logistics (3PL) industries. Trucking remains labor intensive and while more technologies are available to address problems, human-to-human communications will remain critical to apply nuanced solutions to complex logistics systems.
LSS’s value lies in its deep domain expertise and exceptional talent, providing customers with quality assurance and consultative guidance as employees take on increasingly sophisticated roles as part of a dedicated team operating as an extension of the customer’s own office.
LSS’s workforce draws from highly educated, motivated, bilingual talent who are trained in industry-specific functions across back-office administration, sales, marketing, customer service and technology. LSS delivers significant cost savings to its customers by managing all recruitment, training and onboarding of qualified employees.
LSS has scaled nearly 3,000%, from a staff of 14 in 2016 to more than 1,500 employees today. With an ambition to deepen their expertise and build their careers with a fast-growing American company, LSS’s Colombian employees have contributed to industry-leading retention rates, helping customers achieve a higher degree of continuity in an industry where employee tenure is valuable.
“With our deeply collaborative customer success model, we have built a compelling value proposition across the logistics space and are experiencing rapid growth,” said Roberto Cadena, CEO and co-founder of LSS. “We are thrilled to partner with FTV Capital at this stage to advance our product and services and launch into new verticals to further meet the needs of our clients.”
Included in the Inc. 500 list for America’s fastest-growing private companies for the second year in a row, moving from #409 to #347 in 2020, LSS is recognized for its leadership advancing freight brokerage and transportation management, an area where many companies seek support to hire the right talent dedicated to their businesses.
“Colombia is the fourth largest business process outsourcing (BPO) market in Latin America with a $2.3 billion market size and an annual growth rate of 19% over the last seven years,” said Brad Bernstein, managing partner of FTV Capital. “With its outstanding management team, vertical expertise and operational excellence anchored in a customer-centric approach, LSS is well positioned to continue to lead in this market. A profitable, high-growth and founder-owned business, LSS is highly representative of the innovative companies which FTV Capital seeks to partner. We look forward to bringing the best of our 22 years’ domain expertise in logistics, BPO and emerging markets to help accelerate the company’s enormous potential.”
“Already in partnership with many of the world’s top-tier logistics companies and expanding to address a huge market need, LSS has clearly established itself as the leader in the category,” said Jerome Hershey, senior investment advisor at FTV Capital. “LSS’s ability to be a true partner to their diverse customer base is attributed to the company’s experienced management team who have long-standing careers in the logistics industry, giving them an exceptional view into their customers’ pain points.”
As part of the transaction, FTV Capital’s managing partner Brad Bernstein, senior investment advisor Jerome Hershey, and vice president Brent Fierro will join Lean Staffing Solutions’ board of directors.
About Lean Staffing Solutions
Lean Staffing Solutions has revolutionized the way companies look to outsource their back- and front-offices by providing nearshoring solutions in Colombia. LSS specializes in the transportation and logistics industry and works with US-based companies to enhance their back- and front-office operations. Since 2014, LSS has worked with over 100 satisfied customers, partnering with them to establish a satellite office in Cartagena, Barranquilla, Bogotá and Medellín. Led by industry veterans, LSS has grown its workforce to over 1,500 employees due to its continued focus on customer service and the expansion of offering to provide support across organizations. For more information, please visit leanstaffingsolutions.com.
About FTV Capital
FTV Capital is a growth equity investment firm that has raised nearly $4 billion to invest in high-growth companies offering a range of innovative solutions in three sectors: enterprise technology and services, financial services, and payments and transaction processing. FTV’s experienced team leverages its domain expertise and proven track record in each of these sectors to help motivated management teams accelerate growth. FTV also provides companies with access to its Global Partner Network®, a group of the world’s leading enterprises and executives who have helped FTV portfolio companies for two decades. Founded in 1998, FTV Capital has invested in more than 115 portfolio companies, including Centaur, CloudFactory, Derivative Path, Docupace, Enfusion Systems, InvestCloud, Liberis, Riskalyze, Strata Fund Services, Sunlight Financial and successfully exited companies including Empyrean Benefits (acquired by Securian Financial), ExlServices (IPO), Fleet One (acquired by WEX), Globant (NYSE IPO), Health Credit Services (acquired by Ally Financial), MedSynergies (acquired by Optum), Mu Sigma (acquired by shareholders), and WorldFirst (acquired by Ant Financial). FTV has offices in San Francisco and New York. For more information, please visit ftvcapital.com.
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Alexa Ottenstein
Prosek Partners for FTV Capital
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