LONDON--(BUSINESS WIRE)--#apac--The Aviation Fuel procurement market will register an incremental spend of about $ 19 billion, growing at a CAGR of 2.07 % from 2020-2024. A targeted strategic approach to Aviation Fuel market sourcing can unlock several opportunities for buyers. This report offers market impact and new opportunities created due to the COVID-19 pandemic. Request free sample pages
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New nationwide industrial model fueled by seismic changes in consumer consumption habits
DENVER--(BUSINESS WIRE)--Broe Real Estate Group (“BREG”) named Sean Fitzsimmons as Senior Vice President for the East Region of its expanded industrial development group and elevated Dean Brown to Senior Vice President for the West Region. BREG’s expanded industrial development model corresponds with an unprecedented increase in demand for industrial space in the United States, driven by double digit ecommerce sales growth and the rising need to house expanded domestic supply chains. With one billion square feet of increased industrial market demand projected by 2025, industrial real estate demand is at an all-time high.
BREG’s Industrial Development business leverages the combined industry expertise of BREG and its affiliate railroad operating company OmniTRAX. BREG is a fully integrated, multi-billion dollar real estate investment management platform with extensive acquisition, development and property management capabilities derived from four decades of projects in the office, multifamily, retail, industrial, and land development sectors across the United States. OmniTRAX is a billion-dollar transportation company with operations that span North America. BREG and OmniTRAX are affiliates of The Broe Group. Founded in 1972, The Broe Group and its affiliates form a privately-owned, multi-billion-dollar value investment group with diversified holdings in 37 North American states and provinces concentrated in four key sectors: real estate, rail, energy and health tech.
BREG’s expanded national industrial development team, headed by Executive Vice President Reagan Shanley, is the nation’s leading full-service industrial real estate and railroad service provider with the ability to offer end-to-end transportation logistics solutions.
“The increased demand for industrial logistics facilities is driven by population and consumption growth, increased ecommerce sales, inventory buildup and re-shoring. Companies are seeking more efficient logistics facilities that provide operational advantages and cost savings,” noted Shanley. “With decades of in-house real estate, rail and logistics expertise, Broe Real Estate and OmniTRAX are uniquely positioned to deliver industrial logistics solutions for our customers throughout the US.”
Fitzsimmons has more than two decades of industrial development and brokerage experience with successful big box projects throughout the top east coast industrial markets, including prior developments in Savannah. In his new role, Fitzsimmons will be located in Savannah and Atlanta, and will lead the East Region including the Savannah Gateway Industrial Hub, a 2,600 master planned industrial park. This development features dual rail service from CSX and Norfolk Southern, as well proximity to the Port of Savannah, which continues its streak as the fastest-growing port in the United States. Savannah Gateway will complete its first building at 998,440 SF and welcome its first tenant, A&R Logistics, this fall.
Brown, who joined BREG in 2018 as the Vice President of Industrial, assumes expanded responsibilities for the industrial team’s West Region. With 22 years of experience in the west coast industrial market, Brown brings deep market knowledge and relationships to BREG. Brown is based in Denver and leads the West Region- including Great Western Industrial Park a 3,000 acre dual rail served Industrial, retail/commercial and residential development located in Windsor, Colo.
BREG’s expanded operations support growing demand and its expanded Northeast, Midwest and Southeast assets and rail served industrial parks spanning from Colorado to Texas and Georgia. The national industrial model enables BREG to further scale its successful private development and public private partnerships.
About Broe Real Estate Group
Broe Real Estate Group, an affiliate of The Broe Group, acquires, develops and manages commercial real estate assets. Affiliated companies own and manage office and industrial properties, medical office buildings and multi-family communities across the country, including premier assets in many of the most desirable markets. The Broe Group has a 40-year history of value-add real estate investing in Northern Colorado and across the United States. We improve value though the implementation of focused business plans that increase cash flow and create stable income streams. Additional information is available at broerealestate.com.
About The Broe Group
Based in Denver, The Broe Group and its affiliates form a privately-owned, multi-billion-dollar real estate, transportation, energy and investment organization with assets owned and managed across North America. Together, Broe managed companies employ more than 1,000 people and provide employment for thousands of others through operations such as its Great Western Industrial Park in Northern Colorado. Its transportation affiliate, OmniTRAX, Inc., is one of the fastest growing railroads in North America specializing in: management services, railroad and port services, intermodal solutions and industrial switching operations. Its energy affiliates include Great Western Petroleum, the largest private operator in the third most prolific U.S. basin. Broe Real Estate Group acquires, develops and manages office and industrial properties, medical office buildings and multi-family communities across the country, including premier assets in many of the most desirable markets. The Broe Group also has multiple investment affiliates, including Three Leaf Ventures, which is focused on innovative healthcare technology start-ups. Learn more at broe.com.
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Innovative model brings predictable energy costs during economic crisis
ROCKVILLE, Md.--(BUSINESS WIRE)--#Allegany--Community solar opens the benefits of solar to anyone who receives an electric bill, including lower-income residents, businesses, municipalities, schools and non-profits. In addition, its cost competitiveness and ability to expand into new markets is driving investments in Maryland communities at a time when they are greatly needed.
Community solar is distinctive for its simplicity and flexibility – it allows utility customers who are unable to access the benefits of onsite solar otherwise the option to purchase renewable energy from a local community solar project.
“Allegany County is proud to have an innovative energy project that brings investment as well as long term tax revenue to the local economy for years to come,” said Jake Shade, President of the Allegany County Board of Commissioners.
Standard Solar, Inc., a leading solar energy company specializing in the development, funding and operations of solar electric systems nationwide, is bringing more than 8,000,000 kWh of annual energy supply to Maryland community solar subscribers, in partnership with Ogos Energy LLC, Earth and Air Technologies and Neighborhood Sun.
The two projects, a combined 5.5 megawatts (MW), are expected to provide savings and clean power to approximately 800 Maryland households as subscribers.
“Community solar is an effective way to provide large numbers of subscribers access to the benefits of clean energy,” said John Finnerty, Director of Business Development, Standard Solar. “Community solar projects engage a community, starting with ratepayers interested in savings and clean energy, a land owner to provide or host the site, a servicing utility to approve the grid interconnection, efficient state regulators providing consumer protections and grants and a team of solar project engineers and system operators. Collectively, the community wins and ratepayers save. We’re particularly excited to own and operate these projects in our home state of Maryland where we’ve funded more than 35 MW of clean energy in the state.”
“These projects will bring direct financial benefits to hundreds of residents of western Maryland while also cleaning our air and helping fight climate change,” noted Gary Skulnik, CEO of Neighborhood Sun. “Together with Standard Solar and the others involved in the projects, we’re proud to be helping improve life in our home state.”
Standard Solar financed and will own and operate the community solar farms. The Flintstone Community Solar project, located in Allegany County Maryland, and the Shepherd’s Mill Community Solar project in Carroll County Maryland are both under construction and are actively being subscribed.
The projects received grant funding from the Maryland Energy Administration’s (MEA) FY20 Community Solar LMI PPA Incentive Grant Program (LMI-PPA Program) designed to help extend the benefits of community solar projects to members of the Low and Moderate Income (LMI) community. LMI subscribers are guaranteed additional discounts on the community solar portion of their electric bill. All other residential customers are guaranteed to save 10% annually by switching to community solar power.
For more information on these projects and to sign up for community solar in Maryland visit: https://neighborhoodsun.solar/pefe/
These projects in Maryland – and more in the state that are currently approved for design and in-construction – join Standard Solar’s 150+ MW of community solar projects funded and operating with partners around the United States.
About Standard Solar
Standard Solar, Inc. is a leading solar energy company specializing in the development and financing of solar electric systems nationwide. Dedicated to making Distributed Generation (DG) solar more accessible to businesses, institutions, governments and utilities, the company is forging the path for clean, renewable energy development through turnkey solutions. With more than 100 megawatts installed, financed and maintained, Standard Solar is one of the most trusted and respected solar companies in the US. Owned by Énergir, a leading energy provider with more than $5.8 billion US in assets, Standard Solar operates nationally and is headquartered in Rockville, Md. For more information, please visit www.standardsolar.com
About OGOS Energy
OGOS Energy LLC is a Maryland-based renewable energy development company that focuses on "community scale" solar electricity generating projects. Its mission is to accelerate the development of reliable and cost-effective renewable energy generation assets serving the mid-Atlantic region in order to meet demand, contribute to sustainability of the environment, create beneficial regional economic activity, and reward its investors. The company has originated more than 6 megawatts of ground-mounted solar projects that are in operation and/or under construction and has an additional project pipeline exceeding 25 megawatts. Ogos is a certified Minority Business Enterprise (MBE) co-founded by its CEO Michael G. Miller and Advisory Board Chairman, Lt. General Joe N. Ballard, U.S. Army (Retired). For more information, please visit http://www.ogosenergy.com.
About Earth and Air Technologies
Earth and Air Technologies, LLC is a veteran owned small business headquartered in Westminster Maryland. With over a decade of experience and over 30 megawatts of renewable energy systems developed, installed, operated and maintained, we bring the unparalleled capabilities of installing a small battery back-up system for a home to full scale utility photovoltaic (PV) solar system installation. Earth and Air is a certified Subscriber Organization in the state of Maryland with a staff of certified PV installers with the North American Board of Certified Energy Practitioners (NABCEP), Master Electricians and various equipment manufacturer’s installation and service certifications. For more information, please visit http://www.earthandairtech.com.
About Neighborhood Sun
Neighborhood Sun is a Maryland-based B Corp that is a leader in community solar customer acquisition and management. The company has fully subscribed five projects with several thousand customers that are part of its program. It is the highest ranked B Corp among all community solar companies because of its commitment to transparency, good governance, and the community it serves. With its newly released Sun Engine ™ platform, it now offers solar developers a top quality software service to manage their portfolios of projects and customers. For more information please go to NeighborhoodSun.Solar
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Prolific artists Mason Rothschild and Annie Sperling, in collaboration with Refik Anadol, will premiere their first-of-its-kind installation. Critically acclaimed opera director Peter Sellars will debut a section of his latest opera. Dame Helen Mirren to open The Blue Hour with a special recorded message for AltaSea.
LOS ANGELES--(BUSINESS WIRE)--AltaSea at the Port of Los Angeles announced their plans to cap off The Blue Hour, their first-ever drive-in experience, with a one-night only commissioned art installation by artists Mason Rothschild and Annie Sperling, in collaboration with world-renowned artist, Refik Anadol. Critically acclaimed opera director Peter Sellars is slated debut a section of his production of Mozart’s Idomeneo. The event – with a maximum attendance of 240 cars – will take place on October 10, 2020 from 6:00-8:30 PM PDT in the parking area next to the USS Iowa, a retired battleship-turned-museum moored on the San Pedro waterfront.
“The entertainment industry is one of the most powerful industries in the world, and when they speak out on an issue, people pay attention and listen,” said AltaSea CEO Tim McOsker. “These world-class artists, through their different mediums, will help amplify the important message that our oceans need our attention.”
The art installation will be projected onto the USS Iowa, the famous retired battleship residing in San Pedro, using technology called projection mapping, which will transform the retired battleship into a dynamic, interactive visual display. The installation, designed in totality by Sperling and Rothschild, will take viewers back through time to explore the evolution of ocean exploration.
Annie Sperling, an artist and set designer, has an extensive portfolio, spanning music videos, commercial and fine art projects, and commissioned murals. Sperling has served as production designer for many projects, working with global music stars Billie Eilish and Miley Cyrus, and world-renowned artists David LaChapelle and Ellen Von Unwerth.
Mason Rothschild is a multi-sensory installation artist, stage designer and inventor. The founder and creative director of Discordian Design, Rothschild has worked with many global brands, including Netflix, Buzzfeed, and TikTok.
Rothschild and Sperling, both veterans in the entertainment industry, used their time during the stay-at-home orders to explore new ways to talk about the importance of the ocean conservation. They have formed a new enterprise, BLUE MRKT, which aims to further these ideas, employing tactics from music, film, and pop stardom worlds to benefit ecological conservation.
“Annie and I were getting together on Zoom during the months of quarantine to brainstorm ideas, and one email from AltaSea transformed these brainstorm sessions into an installation that we’re excited to share with the world,” said Rothschild. “We’ve both worked with some pretty big names, but none as big as the ocean. We wanted to give the ‘popstar treatment’ to ecology.”
Refik Anadol, an award-winning Turkish media artist, director, and pioneer in the aesthetics of machine intelligence, is collaborating with Sperling and Rothschild for the installation. His work is known for expanding the possibilities of architecture by embedding media arts, and locating creativity at the intersection of humans and machines. Anadol, founder of Refik Anadol Studio, currently resides in Los Angeles and is a lecturer and visiting researcher at UCLA’s Department of Design Media Arts.
Award-winning opera director Peter Sellars will premiere a section of his latest opera – a production of prolific composer Wolfgang Amadeus Mozart’s Idomeneo. This critically acclaimed production of Mozart’s opera opened the 2019 Salzburg Festival in Austria, and AltaSea’s event will serve as the US debut of Sellars’ production. The Los Angeles Times praised Sellars’ “new progressive approach to opera as an agent for societal transformation and environmental activism that goes far beyond the usual directorial updating of opera beloved in Europe, too often for little more than show-business pizzazz.”1
Sellars has gained international fame for his groundbreaking and transformative interpretations of artistic masterpieces, along with his unique collaborations on projects with a wide range of creative artists. Sellars is actively involved with growing the next generation of artists in his role as professor at UCLA’s Department of World Arts and Cultures/Dance.
“Idomeneo gives us a chance to examine ourselves and our relationship with the ocean,” said Sellars. “The United States premiere of Idomeneo, one of Mozart’s most brilliant works and one of my favorite projects, is going to be a really, really special moment.”
Dame Helen Mirren is slated to open The Blue Hour with a special recorded message for AltaSea. The Academy Award winner and five-time Screen Actor Guild Award-winning actress is one of the best known and most respected actresses with an international career that spans stage, screen and television. She has won many awards for her powerful and versatile performances, including the Academy Award in 2007 for her performance in The Queen.
“Los Angeles is well known for two things – entertainment and the beautiful Pacific Ocean,” said McOsker. “And this experience is what AltaSea is all about: becoming a global beacon for economic recovery and growth by blending the Blue Economy with the creative economy.”
Tickets and more information on the event can be found at https://altasea-project-blue.org/project-blue-presents-2/.
About AltaSea at the Port of Los Angeles
AltaSea at the Port of Los Angeles is dedicated to accelerating scientific collaboration, advancing an emerging blue economy through business innovation and job creation, and inspiring the next generation, all for a more sustainable, just, and equitable world.
For more information on AltaSea, please see our website: https://altasea.org.
Jacob Scott
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Tenth annual recognition event just one of many ways Exelon encourages D&I practices
CHICAGO--(BUSINESS WIRE)--As part of its continued commitment to diversity, equity and inclusion (DE&I), Exelon named 30 companies to its 2020 D&I Honor Roll, which recognizes partners in banking, insurance, IT, legal, professional services and investments for their work to include women and people of color in key roles on Exelon’s account teams, as well as additional efforts that recognize the value of D&I. Exelon also continually improves its own diversity, equity and inclusion programs, and this year added Exelon Investments and Legal as part of the combined D&I Partnership Program, recognizing a broader scope of firms that support diversity in their day-to-day interactions with Exelon.
“Companies with a diverse workforce are stronger, more agile, and more innovative because of the variety of experiences and viewpoints people bring to the table,” said Bridget Reidy, Exelon’s executive vice president of Corporate Operations. “While diversity, inclusion, and equity are good for business, it is a moral imperative that we reaffirm and recommit ourselves to these values in the wake of recent events. That commitment extends to our business partners, and it’s important to recognize and encourage progress while creating a forum to share best practices and learn from one another.”
This year’s honorees are:
Additional business partner Bank of America was recognized as “Most Improved” because of their significant efforts over the past year to increase female and minority representation on the account teams working with Exelon.
“We share Exelon’s commitment to building an inclusive and diverse culture because we recognize that diverse perspectives make our company stronger and result in better outcomes,” said Anju Abraham, executive director, Power & Utilities, Corporate Banking, CIBC, the partner with the most robust D&I efforts of those honored. “We’re proud to be named to Exelon’s Diversity & Inclusion Honor Roll for the fourth consecutive year.”
Exelon was named to DiversityInc’s list of the Top 50 Companies for Diversity and Inclusion as well as Forbes list of Best Employers for Diversity. In 2017, Exelon was inducted into the Billion Dollar Roundtable Inc. (BDR), a top-level advocacy organization that promotes corporate supplier diversity excellence. Exelon spent $2.4 billion with diverse suppliers across its enterprise in 2019. Additionally, over the past five years, Exelon has donated well over $180 million to organizations with a focus on Diversity and Inclusion efforts, more than 76% of the company’s charitable giving.
Exelon also recognizes that the energy industry needs experienced STEM (science, technology, engineering and math) workers to take our grid, and our industry, into the future and are committed to helping build this workforce through programs like our STEM education and jobs training programs. We are committed to helping build this workforce and working to ensure that under-represented groups such as people of color, women, veterans and people with disabilities receive access to training and educational opportunities that will position them to reinvent and lead this business in the new era.
To learn more about Exelon’s innovative workplace policies and practices, visit exeloncorp.com/careers.
Exelon Corporation (NYSE: EXC) is a Fortune 100 energy company with the largest number of electricity and natural gas customers in the U.S. Exelon does business in 48 states, the District of Columbia and Canada and had 2019 revenue of $34 billion. Exelon serves approximately 10 million customers in Delaware, the District of Columbia, Illinois, Maryland, New Jersey and Pennsylvania through its Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco subsidiaries. Exelon is one of the largest competitive U.S. power generators, with 31,500 megawatts of nuclear, gas, wind, solar and hydroelectric generating capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. The company’s Constellation business unit provides energy products and services to approximately 2 million residential, public sector and business customers, including more than three-fourths of the Fortune 100. Follow Exelon on Twitter @Exelon.
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Corporate Communications
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Future-focused Companies Will Collaborate on Project Development and Integrated Technology Solutions for Limiting Carbon Emissions
LAKE MARY, Fla. & NEW ORLEANS--(BUSINESS WIRE)--#CleanEnergy--Mitsubishi Power, a world leader in power generation and energy storage, and Entergy Corporation (NYSE: ETR), an integrated energy company engaged primarily in electric power production and retail distribution operations, signed a joint development agreement in which they will collaborate to bring decarbonization projects to Entergy’s utility businesses in Arkansas, Louisiana, including the separate jurisdiction of New Orleans, Mississippi and Texas. The relationship will foster collaboration on project development and technology solutions toward enabling Entergy to create a cleaner, more sustainable future for stakeholders by limiting carbon emissions from electric power generation.
Entergy has engaged with Mitsubishi Power because of the company’s demonstrated ability to provide innovative total solutions leveraging multiple technologies to reach decarbonization goals. Mitsubishi Power is a first mover in hydrogen-enabled gas turbine and long- and short-term storage solutions. It also provides the world’s first and only standard integrated green hydrogen packages. The Hydaptive™ and Hystore™ packages optimize integration across renewables, energy storage, and hydrogen-enabled gas turbine power plants, which all work together to create and incorporate green hydrogen — a key to reaching carbonless emissions.
Together Entergy and Mitsubishi Power will focus on
Entergy has led the power generation industry in voluntarily reducing greenhouse gas emissions. In 2001, it was the first U.S. electric utility to commit to limiting carbon dioxide emissions, a goal it enhanced and extended through 2020. While operating one of the cleanest large-scale power generation fleets in the country, Entergy announced in March 2019 that it would further address climate risk by lowering its carbon emission rate to half of year-2000 levels by 2030.
Paul Hinnenkamp, Entergy’s Executive Vice President and Chief Operating Officer, said, “For two decades, sustainability has been a priority for Entergy. We have pledged to conduct our business in a manner that is environmentally, socially and economically sustainable that will benefit all our stakeholders. New technologies and innovative solutions to the challenges posed by climate change present opportunities for us to significantly decrease carbon emissions from our generation portfolio while maintaining low rates. We are pleased to welcome Mitsubishi Power as a collaborative partner in developing strategies to integrate these new technologies and solutions that support us achieving our environmental and customer commitments.”
This year Mitsubishi Power announced technologies representing years of development to enable the transition to a low-carbon then carbon-free grid. The company announced the sale of its first hydrogen-capable advanced class gas turbines in March for the Intermountain Power Plant, which plans to transition from coal to a mixture of 30 percent hydrogen with natural gas by 2025, ramping to 100 percent green hydrogen fuel by 2045. Last month the company announced a 200 megawatt lithium-ion battery storage project in Texas, its largest to date. This month Mitsubishi Power announced the world’s first green hydrogen standard packages for power balancing and energy storage.
Paul Browning, Mitsubishi Power America’s President and Chief Executive Officer, said, “In recent years we have supported Entergy on three large power projects that the utility executed on schedule and on budget as part of a multi-year project to modernize the power generation fleet and voluntarily reduce carbon emissions. Now, we’re proud to work with Entergy on the next phase of decarbonization. At Mitsubishi Power, our mission is to provide power generation and storage solutions to our customers that enable them to affordably and reliably combat climate change and advance human prosperity. We look forward to extending our long-term collaboration with Entergy. Together, we will create a Change in Power.”
About Mitsubishi Power Americas, Inc.
Mitsubishi Power Americas, Inc. (Mitsubishi Power) headquartered in Lake Mary, Florida, employs more than 2,000 power generation, energy storage, and digital solutions experts and professionals. Our employees are focused on empowering customers to affordably and reliably combat climate change while also advancing human prosperity throughout North and South America. Mitsubishi Power’s power generation solutions include natural gas, steam, aero-derivative, geothermal, distributed renewable technologies, environmental controls, and services. Energy storage solutions include green hydrogen and battery energy storage systems. Mitsubishi Power also offers digital solutions that enable autonomous operations and maintenance of power assets. Mitsubishi Power is a part of Mitsubishi Power, Ltd., a wholly owned subsidiary of Mitsubishi Heavy Industries, Ltd. (MHI). Headquartered in Tokyo, Japan, MHI is one of the world’s leading heavy machinery manufacturers with engineering and manufacturing businesses spanning energy, infrastructure, transport, aerospace and defense. For more information, visit the Mitsubishi Power Americas website and follow us on LinkedIn.
About Entergy Corporation
Entergy Corporation is an integrated energy company engaged primarily in electric power production and retail distribution operations. Entergy owns and operates power plants with approximately 30,000 megawatts of electric generating capacity, including 8,000 megawatts of nuclear power. Entergy delivers electricity to 2.9 million utility customers in Arkansas, Louisiana, Mississippi and Texas. Entergy has annual revenues of $11 billion and approximately 13,600 employees. For more information, visit www.entergy.com and follow @Entergy on social media.
Forward-Looking Information
Entergy’s statements concerning its environmental plans, goals, beliefs and expectations, including statements regarding its greenhouse gas reduction goals, strategies and actions it may take to achieve such goals, statements regarding opportunities to partner with customers and others to advance technology development or reduce societal emissions and other statements of Entergy’s plans, beliefs, or expectations included in this release are “forward-looking statements” which apply only as of the dates indicated.
Forward-looking statements are subject to a number of risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied in such forward-looking statements, including, among other things, uncertainties associated with regulatory proceedings and other cost recovery mechanisms, risks associated with executing on our business strategies, effects of changes in laws, regulations or policies, the effects of technological change, including the costs, pace of development and commercialization of new and emerging technologies, uncertainties and other factors discussed in Entergy’s most recent Annual Report on Form 10-K and subsequent reports and filings made under the Securities Exchange Act of 1934.
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HOUSTON--(BUSINESS WIRE)--Today, Harvest Midstream announced the successful commissioning of two connections between Harvest’s Ingleside Pipeline and Moda Midstream. The first connection provides shippers access from the Harvest Ingleside Pipeline to Moda Midstream LLC’s Ingleside Energy Center located in Ingleside, Texas. The second connection is a bi-direction connection between the Harvest Ingleside Pipeline and Moda Midstream’s Taft Terminal located in Taft, Texas. The bi-directional capability allows Moda’s Taft Terminal to receive crude volumes from Harvest’s Ingleside Pipeline and also deliver volumes to Harvest’s Ingleside Pipeline.
“Just a few months after the announcement of the Ingleside Pipeline’s completion, it is a huge win for Harvest and our customers to have these new connections in place. As we continue to build capabilities to provide our customers growth potential, we look forward to being able to announce new successes in the region,” said Jason Rebrook, CEO of Harvest Midstream Company.
On June 23, 2020, Harvest announced the completion of the Ingleside Pipeline, a 24-mile, 24-inch oil pipeline. The capacity of the line is 600,000 barrels per day (bpd) with up to 380,000 bpd supplied by the existing Harvest Eagle Ford pipeline systems.
“Harvest is and always will be building our capabilities to provide world class services to our customers,” said Sean Kolassa, President of Harvest Midstream Company. “We are extremely proud to continue to expand service offerings on our system for the benefit of our customers and for the region.”
The Harvest Ingleside Pipeline originates at the Harvest Midway Terminal and can receive up to 380,000 bpd from the existing Harvest Eagle Ford pipeline system. The Harvest Midway Terminal will start full operations October 1st.
Harvest Midstream Company:
Harvest Midstream Company is a privately held midstream services provider based in Houston, TX. Harvest operates crude oil and natural gas gathering, storage, transportation, treatment, and terminalling assets across the Lower 48 and Alaska. To learn more visit: www.harvestmidstream.com.
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Shape strategic responses through the phases of industry recovery
Exxon Mobil Corp., FUCHS PETROLUB SE, PJSC LUKOIL, Royal Dutch Shell Plc, Total SA, and Valvoline Inc. will emerge as major compressor oil market participants during 2020-2024
LONDON--(BUSINESS WIRE)--#CompressorOilMarket--The compressor oil market is expected to grow by USD 1.069 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the compressor oil market in optimistic, probable, and pessimistic forecast scenarios.
The compressor oil market will witness Negative and Inferior impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to Decrease as compared to 2019.
Enterprises will go through Respond, Recover and Renew phases. Download free report sample
As the COVID-19 pandemic continues to spread, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through respond, recover and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis and towards the Next Normal.
This post-pandemic business planning research will aid clients to:
Download the Post-Pandemic Business Planning Structure. Click here
Key Considerations for Market Forecast:
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Major Three Compressor Oil Market Participants:
Exxon Mobil Corp.
Exxon Mobil Corp. operates its business under various segments such as upstream, downstream, and chemical. The company offers Mobil SHC Rarus Series, Mobil Rarus SHC 1020 Series, Mobil Rarus SHC 1020 Series, Mobil Rarus 800 Series, and Mobil Rarus 400 Series compressor oil.
FUCHS PETROLUB SE
FUCHS PETROLUB SE operates its business in EMEA, Asia-Pacific, and North and South America. The company offers RENOLIN 503, RENOLIN 504, RENOLIN 505, RENOLIN 506, and RENOLIN LPG 185 compressor oil amongst others.
PJSC LUKOIL
PJSC LUKOIL has business operations under various segments, namely exploration and production; refining, marketing, and distribution; and corporate and other. The company offers RRENOLIN Unisyn OL and NAVISYN DE 100 compressor oil.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technavio.com/report/ compressor oil market-industry-analysis
Compressor Oil Market 2020-2024: Segmentation
Compressor Oil is segmented as below:
The compressor oil market is driven by increasing investments in oil and gas E&P activity. In addition, other factors such as rising environmental concerns and stringent safety regulations is expected to trigger the compressor oil market toward witnessing a CAGR of about 2% during the forecast period.
Get more insights about the global trends impacting the future of compressor oil market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR45117
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SmartEnergy IP Survey Confirms That “Cool” and “Energy Savings” Are Two Major Drivers for Consumer Interest in Smart Home
PHILADELPHIA--(BUSINESS WIRE)--#AMI--SmartEnergy IP™, a leading research and advisory firm focused on customer experience in energy and utilities, announced today the release of its industry white paper entitled “Customer Preferences Dictate the Future of Smart Home Business Models: Exploring the Role of Smart Home in the Utility of Future Business Model”. The paper was published following a series of customer surveys beginning in November 2019 and ending in August 2020 that focused on identifying key drivers for smart home investment.
In addition, the survey also spotlighted the opportunity for utilities and energy companies to optimize these programs for home energy management and automation, evolving current energy efficiency programs by providing more tangible tools for customers to save energy and money.
The combined surveys reached 6,000 customers across the United States and across gender and age brackets.
Key findings of the paper include:
“We are embarking on a new chapter for utility energy efficiency programs and smart grid investments. It is the separate, but equal forces at play that will lead to sustainable energy reduction,” said Juliet Shavit, President of SmartMark Communications and Founder of SmartEnergy IP. “The natural next step to optimizing AMI investments is to understand the role of the smart home in the smart grid.
As an industry we have already established the role technology automation plays in reliability, safety and efficiency. We must no longer overlook home automation and the role customers play in long term grid modernization and offer them the tools that they need to take control of their energy use,” added Shavit.
The survey is available for download at smartenergy-ip.com.
About SmartEnergy IP™
SmartEnergy IP™ is a research and advisory firm within SmartMark Communications dedicated to helping articulate the benefits of energy technology investment and innovation for consumers. The company helps utilities and stakeholders define the technology and business requirements necessary to develop and implement customer-focused programs that benefit communities and meet policy goals. SmartEnergy IP also hosts the annual Smart Grid Customer Education Symposium and publishes annual reports on major industry trends related to utility customer experience. To learn more, visit www.smartenergy-ip.com.
About SmartMark Communications, LLC
SmartMark Communications is a strategic communications and advisory firm dedicated to helping businesses, organizations, and policymakers boldly transform their industries and educate their stakeholders. The company is driving the next era of technology adoption by helping industries innovate and use technology applications to improve customer experience and drive behavior change. To learn more, visit www.smartmarkglobal.com.
Media:
Meredith Salefski
SmartMark Communications, LLC
615-864-7841
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DUBLIN--(BUSINESS WIRE)--The "Global Electric Vehicle Charger Market 2020-2024" report has been added to ResearchAndMarkets.com's offering.
The electric vehicle charger market is poised to grow by 1.85 million units during 2020-2024 progressing at a CAGR of 29% during the forecast period.
The reports on electric vehicle charger market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the government incentives and subsidies for EV charger infrastructure developments, increasing EV sales through tax incentives pushing demand for well-built EV charger infrastructure and fuel emission and efficiency regulations driving adoption of EVs and charger.
The electric vehicle charger market analysis includes end-user segment, type segment, and geographical landscapes. This study identifies the powering EV charging stations through renewable energy as one of the prime reasons driving the electric vehicle charger market growth during the next few years. Also, open and closed platform approaches by EV charger solution providers and ultracapacitors in EV energy storage system will lead to sizable demand in the market.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
Companies Mentioned
The electric vehicle charger market covers the following areas:
Key Topics Covered:
1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Five Forces Analysis
5. Market Segmentation by End-user by Volume
6. Market Segmentation by Type by Volume
7. Customer landscape
8. Geographic Landscape
9. Vendor Landscape
10. Vendor Analysis
11. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/elb3u5
ResearchAndMarkets.com
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New Sustainability Report Emphasizes Climate Innovation and Mission Advancement
PETALUMA, Calif.--(BUSINESS WIRE)--Straus Family Creamery publishes its annual Sustainability Report to a public audience in its tenth year of reporting through the Sustainable Food Trade Association. Straus’ goal is to inspire other businesses in farming and food production to replicate environmental stewardship practices in their communities. The report captures the company’s progress in agricultural innovation, climate change mitigation, and the advancement of its mission to help sustain family farms while protecting the planet, local economies, and the people who live and work in the community.
The COVID-19 pandemic, combined with an early and devastating start to wildfire season, floods, and hurricanes have created abrupt challenges that have tested the ability of the country’s food system to function in the face of disruptions to production, the supply chain, and distribution. Emerging from this pandemic and the historic disasters are lessons on how to reprioritize the way American society uses, shares, and values its resources—especially how food is harvested, produced, and the repercussions it has on an increasingly unstable climate.
Decades before the twin crises of climate change and COVID-19, the Straus business model emphasized environmental, economic, and community resilience. As described in its new Sustainability Report, environmental stewardship is core to the Straus’ mission-driven climate change strategy. Sustainability is a founding principle, and core value of the company, and organic farming practices are foundational to all of its sustainability efforts.
Founder and CEO Albert Straus grew up working on the family farm alongside his parents, Bill and Ellen Straus, and took over management of the farm in the late 1970s. He prioritized innovative farming practices and pastureland management to improve soil health, increase carbon storage, and reduce environmental impact. The Straus Dairy Farm became the first organic dairy farm in the Western United States, and today, the farm models regenerative farming practices that can be replicated on any organic or pastured-based dairy farm or farming system.
A study from UC Davis climate scientists notes that in 21st Century California, grasslands are more reliable carbon sinks than forests. Grassland ecosystems are dependent upon grazing to activate the lifecycle of perennial grasses, and modern science-based managed grazing strategies are an efficient means of replicating this natural process. Managed livestock grazing is an essential land management tool that can help reduce catastrophic wildfire risk or fire intensity while also cycling nutrients through the soil and fostering healthy wildlife habitat.
Managed livestock grazing and other climate-smart practices are time-honored methods in sustainable farming communities throughout the world. These practices include applying compost on pastures to increase the organic matter, moisture retention, and nutrients. When soils have more organic matter, greater water retention and receive proper nutrition, they naturally increase the volume of pasture production. Other climate-smart practices include implementing intensive rotational animal grazing to maximize pasture growth, planting windbreaks and hedgerows to reduce soil erosion, and planting perennial grasses to deepen underground root systems.
“I believe organic dairy farming can be one of the primary solutions to climate change and that sustainable organic agriculture can create economically viable opportunities for dairy farmers while balancing the world’s ecosystem,” said Albert Straus. “We need managed livestock grazing to protect our farmland and open spaces.”
Evaluating the impact of its mission, the newly released 2019 Sustainability Report quantifies, measures and illustrates the company’s environmental, social and economic impacts and shares its progress toward a carbon-neutral farming goal that will be implemented on the Straus Dairy Farm by 2022. Report highlights include:
“Being able to work closely with an innovative company that blazes truly new paths of sustainability is not an opportunity that comes up every day. For over a decade, the Sustainable Food Trade Association has been lucky to count Straus Family Creamery within our membership. We have learned from their innovation, celebrated their success, and helped chart their progress through annual sustainability reporting using the SFTA Sustainability Framework,” said Lisa Spicka, interim executive director. “Their new public sustainability report reflects years of careful measurement, trials, and successes.”
Recognizing the company’s climate mitigation innovation in a first-of-its kind partnership to supply BMW Group with cow-to-car electricity for BMW Group’s electric vehicles in California, Fast Company named Albert Straus as one of 2020’s Most Creative People in Business. The program lauds individuals who used their innovative thinking to make an impact on the world beyond financial success.
Straus Family Creamery
Based in Marshall, CA, Straus Family Creamery is a Northern California, certified organic creamery offering minimally processed milk, cream, yogurt, butter, sour cream, ice cream, and a variety of wholesale and specialty dairy products distributed throughout the Western United States. The Creamery makes minimally processed dairy products from organic milk supplied by family farms in Marin and Sonoma Counties, including the Straus Dairy Farm, which is the first certified organic dairy farm west of the Mississippi River. Straus Family Creamery, the first 100 percent certified organic creamery in the United States, continues to make business decisions based on its mission to help sustain family farms, revitalize rural communities, and protect the environment. The family-owned business sustains collaborative relationships with the family farms that supply it milk, offering stable prices and predictability in what can otherwise be a volatile marketplace. Learn about the Straus difference at StrausFamilyCreamery.com and join us on social here. Straus Family Creamery is a member of the Sustainable Food Trade Association, which serves as a hub for businesses to learn, report, improve performance, and share best practices. SFTA’s mission is to build the capacity of the organic food trade to transition to sustainable business models. Albert Straus, who believes that livestock have an essential role in reversing climate change, joins Fast Company’s 11th annual Most Creative in Business list of 74 individuals from such companies as Google, Netflix, and Patagonia, as well as institutions such as Johns Hopkins University and the ACLU of Massachusetts.
MEDIA CONTACTS:
Shereen Mahnami
Director of Communications
Straus Family Creamery
707-776-2887 x2149
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Haven Bourque
HavenBMedia
415-505-3473
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LONDON--(BUSINESS WIRE)--#apac--The Global Well Intervention Services, Procurement, Construction Management Industry is poised to experience spend growth of more than USD 3 billion between 2019-2024 at a CAGR of over 4.00%. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Request free sample pages
Read the 120-page research report with TOC and LOE on "Global Well Intervention Services, Procurement, Construction Management Industry – Procurement Intelligence Report, Pricing Outlook in Geographies that include APAC, North America, South America, and MEA, and insights into best practices to optimize procurement spend."
SpendEdge's reports now include an in-depth complimentary analysis of the COVID-19 impact on procurement and the latest market data to help your company overcome sourcing challenges. Our Well Intervention Services, Procurement, Construction Management Industry procurement intelligence report offers actionable procurement intelligence insights, sourcing strategies, and action plans to mitigate risks arising out of the current pandemic situation. The insights offered by our reports will help procurement professionals streamline supply chain operations and gain insights into the best procurement practices to mitigate losses.
Information on Latest Trends and Supply Chain Market Information Knowledge center on COVID-19 impact assessment
Insights into the Market Price Trends
Insights to help buyers identify and shortlist the most suitable suppliers for their Well Intervention Services, Procurement, Construction Management Industry requirements. This procurement report answers the following questions:
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Insights into strategies that will help buyers optimize their category management practices. The report answers the following questions:
Some of the top Well Intervention Services, Procurement, Construction Management Industry suppliers enlisted in this report
This Well Intervention Services, Procurement, Construction Management Industry procurement intelligence report has enlisted the top suppliers and their cost structures, SLA terms, best selection criteria, and negotiation strategies.
Get access to regular sourcing and procurement insights to our digital procurement platform- Contact Us.
Table of Content
Executive Summary
Market Insights
Category Pricing Insights
Cost-saving Opportunities
Best Practices
Category Ecosystem
Category Management Strategy
Category Management Enablers
Suppliers Selection
Suppliers under Coverage
US Market Insights
Category scope
Appendix
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SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions.
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CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) today announced that it has set a new sustainable finance goal of $8 billion to be achieved by 2025. This goal continues the Bank’s leadership in environmental sustainability, having become the first Fortune 500 company to achieve 100% renewable power through a single, solar project, earning an A- Climate leadership score from CDP, and receiving an EPA Green Power Leadership Award, all of which occurred over the past year.
Fifth Third Bank Chairman, President & CEO Greg D. Carmichael, said, “By setting this $8 billion sustainable finance goal, we are expanding our commitment to partner with clients to make a real difference for our planet. We are proud to be part of the solution to address climate change through our financing of quality renewable energy projects and other climate solutions.”
The Bank’s sustainable finance goal includes lending commitments and financing for renewable energy (solar, wind, geothermal, biomass and hydropower). It includes the financing of projects like the Bancroft Station Solar Farm in Early County, Georgia. Fifth Third financed the roughly $110 million construction-to-term facility for Nashville-based Silicon Ranch Corporation in 2019. The solar farm loads power onto the Georgia transmission grid and is supplying Facebook’s Newton Data Center with 100% renewable energy.
“At Silicon Ranch, we believe in the power of collaborative partnerships,” said Virginia Williams, senior vice president of project finance at Silicon Ranch. “We naturally seek to work with financial partners who share this value and are grateful for the strong relationship we have built with Fifth Third. Their support of projects like Bancroft Station enable us to meet the goals of our customers and bring significant capital investments to underserved communities.”
Approximately $4 billion in renewable energy lending and capital raising services have been provided by Fifth Third since 2012. These services have led to the completion of more than 3.5 GW of renewable energy projects across more than 50 clients. In 2018, Fifth Third established its national renewable energy finance center of excellence and drastically expanded the Bank’s sustainability practice. In August 2019, the practice was further expanded through the addition of a renewable energy investment banking team. Today, approximately 25 Fifth Third employees are dedicated full-time to sustainable financing and advisory activities.
The current sustainable financing strategy and policy for lending excludes more speculative development financing, such as construction projects prior to being “shovel ready” or without a power purchase agreement, as well as projects with less certain off-taker contracts, including those that require taking merchant and/or wholesale energy price risk.
More information regarding Fifth Third’s new $8 billion sustainable finance goal, including the financing of the Bancroft Station Solar Farm, will be published in the Bank’s inaugural Environmental, Social and Governance (ESG) Report, which will be available online on Sept. 30, 2020. The report will include environmental data and a comprehensive Task Force on Climate Related Financial Disclosure index.
The establishment of this $8 billion sustainable finance goal is the latest in a series of steps—many of which align to the United Nations Sustainable Finance Goal No. 13 Climate Action—that Fifth Third has taken to be a leader in environmental sustainability. Fifth Third also recently published a new Environmental and Social Policy that identifies sectors that pose heightened environmental and social risks. The policy provides guidance on sectors or activities that are prohibited or that are subject to enhanced due diligence and may require escalated review and approval. In 2017, Fifth Third established five bold sustainability goals to be achieved by 2022 and has, to date, achieved its goals for 100% renewable power, a 25% reduction in greenhouse gas emissions and a 20% reduction in water usage. The Company continues to pursue its remaining 2022 goals, which are a 25% energy use reduction and a 20% reduction in landfill waste.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio and the indirect parent company of Fifth Third Bank, National Association, a federally chartered institution. As of June 30, 2020, Fifth Third had $203 billion in assets and operated 1,122 full-service banking centers and 2,456 ATMs with Fifth Third branding in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and North Carolina. In total, Fifth Third provides its customers with access to approximately 53,000 fee-free ATMs across the United States. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending and Wealth & Asset Management. Fifth Third is among the largest money managers in the Midwest and, as of June 30, 2020, had $405 billion in assets under care, of which it managed $49 billion for individuals, corporations and not-for-profit organizations through its Trust and Registered Investment Advisory businesses. Investor information and press releases can be viewed at www.53.com. Fifth Third’s common stock is traded on the Nasdaq® Global Select Market under the symbol “FITB.” Fifth Third Bank was established in 1858. Deposit and Credit products are offered by Fifth Third Bank, National Association. Member FDIC.
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BAAR, Switzerland--(BUSINESS WIRE)--Blackstone Resources AG (SWX: BLS) (“Blackstone”) It is our great pleasure to announce our activities and successes during the first half of 2020. Our goal is to develop a new proprietary battery technology that will help ensure a sustainable clean-energy world.
Highlights from the first half of 2020
Battery technology
Battery metals
Outlook for the H2 2020 and beyond
Blackstone Resources AG
Blackstone Resources is a Swiss Holding Company, with its legal domicile in Baar, Kanton Zug and is concentrating on the battery technology and battery metals market. In addition, it sets up, develops and manages refineries used for gold and battery metals. It offers direct exposure to the battery technology and battery metal revolution that is being driven by the demand of electric vehicles that need vast quantities of these metals. These include cobalt, manganese, graphite, nickel, copper and lithium. In addition, Blackstone Resources has started a research programme on new battery technologies on solid state batteries and its production process.
For more information please visit www.blackstoneresources.ch
The disclaimer is an integral part of this press release.
Please ensure you consult the disclaimer for a full understanding of the content within:
http://www.blackstoneresources.ch/investors/disclaimer/
Blackstone Resources AG
Doris Suta
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JACKSONVILLE, Fla.--(BUSINESS WIRE)--Today BCR announced that Naval Air Station Jacksonville has upgraded its existing CleanB® technology to further reduce energy consumption to zero while converting wastewater sludge to Class B biosolids. This was accomplished through installing and integrating a Solar Power System that produces more than enough power to run the CleanB® system. Traditional digester systems make up a significant percentage of a WWTP’s energy usage with annual electrical costs ranging from $50,000 to $150,000 or more per year. This new solar power system can eliminate that cost in its entirety for WWTPs that use the CleanB® system powered by solar.
“Our CleanB® system has already proven itself to be a leader in energy savings for our customers,” explained Joshua Scott, CEO for BCR. “With the solar powered option, customers can now eliminate electrical power costs while creating EPA Class B biosolids. Reducing energy usage not only saves our customers operating costs, but also reduces the carbon footprint associated with responsible disposition of wastewater sludge. We see a growing number of wastewater facilities across North America that are looking for ways to reduce their carbon footprint. We’ve seen an uptick in demand for BCR’s CleanB systems with the solar powered option.”
The CleanB system in Naval Air Station Jacksonville has delivered numerous annualized benefits including a $75,000 reduction in energy costs, a reduction of 500 tons of greenhouse gas emissions, a decrease of 71% in polymer consumption, and an additional savings of $30,000 due to improved dewatering. In addition, the reduced odor Class B biosolids eliminate landfill costs and produce a soil-like product that is used as an organic fertilizer for beneficial reuse.
About BCR:
BCR partners with municipal leaders and the engineers who research, evaluate, specify and procure biosolids treatment technology. BCR provides mobile CleanB® units that can process up to 270 gallons of waste activated sludge per minute and can drive from site to site. BCR also provides full-scale permanent installations of the CleanB® system. Eleven permanent CleanB® system installations include city and county wastewater treatment plants in the US, including a US Naval Air Station installation.
Learn more at www.bcrinc.com or by contacting the company: This email address is being protected from spambots. You need JavaScript enabled to view it..
Marilyn Franklin
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LOS ANGELES--(BUSINESS WIRE)--The Automated Bus Consortium, a collective of U.S. transit and transportation agencies formed to investigate the feasibility of implementing pilot automated bus projects, today announced the completion of the country’s first-ever automated bus performance specification. The specification combines the American Public Transportation Association’s white book for standard bus specification with the new full-size bus automated driving system requirements developed by AECOM, the world’s premier infrastructure consulting firm, which formed the Consortium.
Its development marks a significant achievement of the Automated Bus Consortium, which prepared the document with input from its own Bus Specification Technical Committee as well as through one-on-one meetings with interested bus suppliers. The Technical Committee also incorporated the industry’s perspectives on automated bus programs. The specification phases in required automated bus capabilities over three stages with each stage providing a higher level of bus automation through software updates over a two-year period.
The current schedule calls for an early 2021 RFP release to candidate bus manufacturers. This significant step forward is just one of many for the Consortium which also marked milestones in such areas as feasibility studies completion with risk analysis, pilot project selection, regulatory reviews, financial planning and charging strategy development for each member agency.
A first of its kind collaborative approach to accelerating automated transit technologies deployment, the Consortium will combine the purchasing power and collaborative decision-making of participating transit and transportation agencies nationwide. Pilot projects will use full-sized, full-speed buses enabling members to collectively demonstrate and use automated technologies in varied live service environments.
About The Automated Bus Consortium
With rapid advancement of driverless technologies and the urgent need to improve mobility options while safely and effectively mitigating congestion in cities across the United States, the Consortium’s collaborative effort to leverage its combined resources and launch its pilot deployment program of full-sized buses is groundbreaking. Using cost-efficient and standardized methodologies and assessment, the Consortium will lead the nation’s effort to test and evaluate driverless bus technology. The Consortium is actively seeking additional member transit and transportation agencies. Learn more about the Consortium at www.automatedbusconsortium.com.
Media Contact:
Eric Dick
Senior Vice President, Communications, AECOM
1.213.910.2737
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Independent judging panel recognizes Blackline innovation in Internet of Things and Industrial Hygiene – Gas Monitors categories
CALGARY, Alberta--(BUSINESS WIRE)--Blackline Safety Corp. (TSX.V: BLN), a global leader of gas detection and cloud-connected safety solutions, was honored by Occupational Health & Safety (OH&S) Magazine with two New Product of the Year awards for its Industrial Contact Tracing solutions and G7 cloud-connected gas monitor with the NevadaNano MPSTM Flammable Gas Sensor. This recognition marks a total of 11 OH&S New Product of the Year awards honoring Blackline products over the last seven years.
“OH&S has been celebrating innovation and products optimized to keep workers safe for over 10 years. This year, safety products and services are being recognized on a global scale, bringing greater awareness to the important work completed by manufacturers in the industry,” OH&S Editor Sydny Shepard said. “This year we are recognizing outstanding products in 26 award categories, including a new category for products created to protect against infectious diseases. Now more than ever, it is of the utmost importance to keep workers and employees safe from emerging and existing workplace hazards.”
Blackline’s suite of Industrial Contact Tracing solutions was named the winner in the Internet of Things category. Equipped with G7 connected wearables, cloud-hosted software and data analytics, customers benefit from efficient tools that proactively assess social distancing effectiveness and trace potential person-to-person contact, should an employee test positive for COVID-19 or present with symptoms. Blackline’s Industrial Contact Tracing solutions fill a gap where many industrial businesses cannot allow employees to bring smartphones onto worksites due to lack of intrinsic safety certification.
“To be recognized once again by OH&S Magazine’s panel of independent judges this year is an honor,” said Sean Stinson, VP Sales and Product Management for Blackline Safety. “On top of the many safety challenges industrial businesses face each day, COVID-19 introduced a new set of obstacles that threatened worker health and safety, plus the production and delivery of essential goods and services. We take our commitment to safety seriously and are proud to have helped our customers and essential businesses around the world ensure their employees make it home safe and healthy at the end of every day.”
In June 2020, Blackline announced a partnership with NevadaNano, a developer and manufacturer of micro-electro-mechanical systems (MEMS)-based gas sensors, and the launch of the revolutionary MPSTM Flammable Gas Sensor as part of the G7 cloud-connected product line. G7 wearables combined with the MPS sensor won an OH&S New Product award in the category of Industrial Hygiene – Gas Monitors. Together, they provide an accurate, linear response for the lower explosive limit (LEL) of the most common explosive gases and gas mixtures, including hydrogen. G7 wearables location-enable every LEL gas reading, automatically reporting measurements to the Blackline Safety Cloud. The MPS sensor incorporates technology that places all LEL readings into one of six classifications based on the types of gases detected. Within Blackline Analytics, a new MPS report unlocks insights that enable businesses to identify abnormalities and further leverage data to improve safety and productivity.
To learn about Blackline Safety and its portfolio of connected safety solutions, visit www.blacklinesafety.com and follow on social media @blacklinesafety.
About Blackline Safety: Blackline Safety is a global connected safety leader that helps to ensure every worker gets their job done and returns home safe each day. Blackline provides wearable safety technology, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and increase productivity of organizations in more than 100 countries. Blackline Safety wearables provide a lifeline to tens of thousands of men and women, having reported over 100 billion data-points and initiated over five million emergency responses. Armed with cellular and satellite connectivity, we ensure that help is never too far away. For more information, visit BlacklineSafety.com and connect with us on Facebook, Twitter, LinkedIn and Instagram.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
MEDIA
Heather Houston
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LIBERTY LAKE, Wash.--(BUSINESS WIRE)--Itron, Inc. (NASDAQ: ITRI), the leader in innovating the way utilities and cities manage energy and water, announced a plan to deliver $20 million to $25 million in annual savings from a global cost savings project, that includes continued execution towards its asset light strategy.
“Itron continuously pursues ways to better utilize our talent, capital and infrastructure to more efficiently and effectively support our customers,” said Tom Deitrich, Itron's president and chief executive officer. “With this cost savings project, we are taking an opportunity to further align our operations with our strategy to increase focus on higher value solutions and optimize our supply chain. These actions will make Itron stronger and more resilient.”
This project will begin immediately and is scheduled to be substantially complete by the end of 2022. Approximately 80% of the savings will improve gross margin with the remainder primarily focused on SG&A activities. The Company estimates a pre-tax restructuring charge of $55 million to $65 million. Of the total estimated charge, approximately $35 million to $45 million will result in cash expenditures, and the remainder relates to non-cash charges. The majority of the expense will be recognized in the third quarter of 2020.
About Itron
Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.
Itron® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.
Cautionary Note Regarding Forward Looking Statements
This release contains, and our officers and representatives may from time to time make, "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical factors nor assurances of future performance. These statements are based on our expectations about, among others, revenues, operations, financial performance, earnings, liquidity, earnings per share, cash flows and restructuring activities including headcount reductions and other cost savings initiatives. This document reflects our current strategy, plans and expectations and is based on information currently available as of the date of this release. When we use words such as "expect," "intend," "anticipate," "believe," "plan," “goal,” “seek,” "project," "estimate," "future," “strategy,” "objective," "may," “likely,” “should,” "will," "will continue," and similar expressions, including related to future periods, they are intended to identify forward-looking statements. Forward-looking statements rely on a number of assumptions and estimates. Although we believe the estimates and assumptions upon which these forward-looking statements are based are reasonable, any of these estimates or assumptions could prove to be inaccurate and the forward-looking statements based on these estimates and assumptions could be incorrect. Our operations involve risks and uncertainties, many of which are outside our control, and any one of which, or a combination of which, could materially affect our results of operations and whether the forward-looking statements ultimately prove to be correct. Actual results and trends in the future may differ materially from those suggested or implied by the forward-looking statements depending on a variety of factors. Therefore, you should not rely on any of these forward-looking statements. Some of the factors that we believe could affect our results include our ability to execute on our restructuring plan, our ability to achieve estimated cost savings, the rate and timing of customer demand for our products, rescheduling of current customer orders, changes in estimated liabilities for product warranties, adverse impacts of litigation, changes in laws and regulations, our dependence on new product development and intellectual property, future acquisitions, changes in estimates for stock-based and bonus compensation, increasing volatility in foreign exchange rates, international business risks, uncertainties caused by adverse economic conditions, including, without limitation those resulting from extraordinary events or circumstances such as the COVID-19 pandemic and other factors that are more fully described in Item 1A: “Risk Factors” included in our Annual Report on Form 10-K for the year ended Dec. 31, 2019 and other reports on file with the Securities and Exchange Commission (SEC). Itron undertakes no obligation to update or revise any information in this press release.
The impact caused by the ongoing COVID-19 pandemic includes uncertainty as to the duration, spread, severity, and any recurrence of the COVID-19 pandemic, the duration and scope of related government orders and restrictions, impact on overall demand, impact on our customers’ businesses and workforce levels, disruptions of our business and operations, including the impact on our employees, limitations on, or closures of, our facilities, or the business and operations of our customers or suppliers. Our estimates and statements regarding the impact of COVID-19 are made in good faith to provide insight to our current and future operating and financial environment and any of these may materially change due to factors outside our control. For more information on risks associated with the COVID-19 pandemic, please see Itron’s updated risk in Part II, Item 1A, “Risk Factors” of our latest 10-Q filing with the SEC.
Itron, Inc.
Kenneth P. Gianella
Vice President, Investor Relations
669-770-4643
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Itron, Inc.
Rebecca Hussey
Manager, Investor Relations
(509) 891-3574
Accelerated growth and the integration of distributed energy resources will continue to transform the power and utility industry
WASHINGTON--(BUSINESS WIRE)--As distributed energy resources (DER) assets continue to grow in number and installed capacity, energy providers must accelerate the transformation of business models and the way they engage with customers to become orchestrators of a network of integrated DER platforms. According to a new white paper from Guidehouse’s Energy, Sustainability, and Infrastructure (ES&I) segment, integrated DER, or iDER, is one of seven emerging energy platforms identified in the Energy Cloud 4.0 vision of a more sustainable, highly digitized, decentralized, and dynamic energy system.
As Guidehouse notes, under an accelerated scenario, iDER could account for at least half of all new generation capacity by 2030. To achieve this, a fundamental rethink of strategy and planning, as well as organization and system operations that embrace DER networks and their underlying technologies, will be needed. In doing so, iDER is expected to enable a more successful transformation and an energy system better attuned to evolving demand and customer needs.
“The shift away from centralized generation requires integration platforms that can aggregate, organize, optimize, schedule, and settle rapid-fire transactions that are necessary to keep the grid in balance,” says Dan Hahn, leader of Guidehouse’s Energy Providers practice. “Nurtured by technology, artificial intelligence (AI), and machine-learning algorithms, iDER solutions may serve specific stakeholders, but they’re also aimed at a common purpose: supporting a sustainable, reliable, affordable, and customer-centric energy system.”
For utilities and other stakeholders, this represents a platform for innovative business models, leveraging network orchestration and enabling more ambitious value creation in tomorrow’s energy system.
“The only way to meet the sustainability, affordability, and decarbonization goals set forth by public and private sectors is to reinvent utilities and allow for better orchestration of flexible loads, generators, and energy storage to deliver value across the entire Energy Cloud ecosystem,” says Peter Asmus, research director at Guidehouse Insights. “Stakeholders that move now to embrace iDER will be better prepared to reap the rewards sooner.”
According to the white paper, achieving true iDER will include a combination of market reforms linked to technology advances and reimagined relationships among utilities, suppliers, and consumers to create an environment where win-win scenarios can play out across the DER ecosystem, not as exceptions, but as standard practice.
“Utilities and other stakeholders need to take a lead role in this emerging Energy Cloud ecosystem to maximize shared value from DER integration, enabling industry transformation to be sustained across the entire value chain,” says Mackinnon Lawrence, director in Guidehouse’s ES&I segment.
To learn more about iDER, download Guidehouse’s latest white paper, Integrated DER: Orchestrating the Grid’s Last Mile, and join the social media conversation through #FutureUtility.
About Guidehouse’s Energy, Sustainability, and Infrastructure Segment
With more than 700 consultants, Guidehouse’s global Energy, Sustainability, and Infrastructure segment is the strongest in the industry. We are the go-to partner for leaders creating sustainable, resilient communities and infrastructure, serving as trusted advisors to utilities and energy companies, large corporations, investors, NGOs, and the public sector. We’ve solved big challenges with the world’s 60 largest electric, water, and gas utilities; the 20 largest independent power generators; five of the 10 largest oil and gas majors; the 20 largest gas distribution and pipeline companies; European governments; and the U.S. federal government’s civilian agencies involved in the country’s land, resources, and infrastructure. We combine our passion, expertise, and industry relationships to forge a resilient path toward sustainability for our clients. We turn vision into action by leading and de-risking the execution of big ideas and driving outcomes for our clients that enable them to reach their ambitions through transformation.
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, D.C., the company has more than 7,000 professionals in more than 50 locations. Guidehouse is a Veritas Capital portfolio company, 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.
Lindsay Funicello-Paul
Guidehouse
781.270.8456
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WARRENVILLE, Ill.--(BUSINESS WIRE)--Fuel Tech, Inc. (NASDAQ: FTEK), a technology company providing advanced engineering solutions for the optimization of combustion systems, emissions control and water treatment in utility and industrial applications, today announced that on September 22, 2020, the NASDAQ Stock Market (“NASDAQ”) approved the Company’s application to transfer its listing from NASDAQ’s Global Select tier to the Capital Market tier. In connection with the transfer to the Capital Market tier, NASDAQ also granted the Company an additional 180 calendar day grace period to regain compliance with the minimum bid requirement of NASDAQ Marketplace Rule 5450(a)(1) (the “Rule”) for continued listing.
The NASDAQ Capital Market® is one of the three markets for NASDAQ-listed stocks and operates in the same manner as the NASDAQ Global Select Market®. Companies listed on the NASDAQ Capital Market must meet certain financial requirements and adhere to NASDAQ's corporate governance standards. The transfer is expected to be effective at the opening of business on Wednesday, September 23, 2020.
As previously reported, the Company was notified by NASDAQ on January 7, 2020 that the bid price for its Common Stock was not in compliance with the Rule. At that time, NASDAQ gave the Company 180 calendar days to regain compliance; this was subsequently extended to September 18, 2020. The Company has until March 17, 2021, to demonstrate compliance with the minimum bid price requirement for continued listing. The Company will regain compliance with the Rule if at any time before March 17, 2021, the bid price for the Company’s Common Stock closes at or above $1.00 per share for a minimum of 10 consecutive business days.
The Company intends to monitor the closing bid price of its Common Stock and has given written assurance to NASDAQ that it will, if necessary, implement available options to regain compliance with the minimum bid price requirement under the Rule, including a reverse stock split within the range previously approved by stockholders.
About Fuel Tech
Fuel Tech develops and commercializes state-of-the-art proprietary technologies for air pollution control, process optimization, water treatment, and advanced engineering services. These technologies enable customers to operate in a cost-effective and environmentally sustainable manner. Fuel Tech is a leader in nitrogen oxide (NOx) reduction and particulate control technologies and its solutions have been in installed on over 1,200 utility, industrial and municipal units worldwide. The Company’s FUEL CHEM® technology improves the efficiency, reliability, fuel flexibility, boiler heat rate, and environmental status of combustion units by controlling slagging, fouling, corrosion, and opacity. Water treatment technologies include DGI™ Dissolved Gas Infusion Systems which utilize a patented nozzle to deliver supersaturated oxygen solutions and other gas-water combinations to target process applications or environmental issues. This infusion process has a variety of applications in the water and wastewater industries, including remediation, aeration, biological treatment, and wastewater odor management. Many of Fuel Tech’s products and services rely heavily on the Company’s exceptional Computational Fluid Dynamics modeling capabilities, which are enhanced by internally developed, high-end visualization software. For more information, visit Fuel Tech’s web site at www.ftek.com.
NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains “forward-looking statements” as defined in Section 21E of the Securities Exchange Act of 1934, as amended, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and reflect Fuel Tech’s current expectations regarding future growth, results of operations, cash flows, performance and business prospects, and opportunities, as well as assumptions made by, and information currently available to, our management. Fuel Tech has tried to identify forward-looking statements by using words such as “anticipate,” “believe,” “plan,” “expect,” “estimate,” “intend,” “will,” and similar expressions, but these words are not the exclusive means of identifying forward-looking statements. These statements are based on information currently available to Fuel Tech and are subject to various risks, uncertainties, and other factors, including, but not limited to, those discussed in Fuel Tech’s Annual Report on Form 10-K in Item 1A under the caption “Risk Factors,” and subsequent filings under the Securities Exchange Act of 1934, as amended, which could cause Fuel Tech’s actual growth, results of operations, financial condition, cash flows, performance and business prospects and opportunities to differ materially from those expressed in, or implied by, these statements. Fuel Tech undertakes no obligation to update such factors or to publicly announce the results of any of the forward-looking statements contained herein to reflect future events, developments, or changed circumstances or for any other reason. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including those detailed in Fuel Tech’s filings with the Securities and Exchange Commission.
Vince Arnone
President and Chief Executive Officer
(630) 845-4500
Devin Sullivan
Senior Vice President
The Equity Group Inc.
(212) 836-9608
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