SRP and sPower Project Will Bring $10 Million in Tax Revenue and 350 Construction Jobs to Pinal County
ELOY, Ariz.--(BUSINESS WIRE)--Salt River Project (SRP) and sPower, a leading renewable energy Independent Power Producer (IPP), today announced construction is underway on “East Line Solar,” a new solar plant which will bring $10 million in 25 years of tax revenue and up to 350 construction jobs to Pinal County. It will also soon deliver 100 megawatts (MW) of solar generation to the Intel Corporation’s Chandler facility.
“Intel is proud to support new, renewable energy built in Arizona and we are looking forward to East Line Solar supplying our growing Arizona manufacturing operations,” said Marty Sedler, Intel’s Director of Global Utilities and Infrastructure. “For more than a decade, Intel has been one of the top voluntary corporate purchasers of green power, currently supplying our US and European facilities with 100% green power. Our goal is to achieve 100% renewable energy use across our global manufacturing operations by 2030 and projects like East Line Solar help make green power more accessible to all.”
East Line Solar received its conditional use permits in the City of Coolidge in 2019 and is expected to begin operations in December of 2020. The project will provide sustained tax revenue to the local community as well as sustainable energy at a fixed price for the 25-year contracted life of the project. Estimated tax benefits total $10 million, with the highest payments at the onset of project operations which infuses substantive benefits into the local communities. Additionally, up to 350 construction workers are employed for six to seven months and approximately three full-time equivalent workers will be employed long term, with a focus on hiring locally.
“sPower has proven its commitment to renewable energy for a sustainable future, and the City is fortunate to partner with the sPower team to expand in one of the regions fastest growing industrial and technology corridors,” said Rick Miller, City Manager, City of Coolidge. “It is also gratifying to have community partners like sPower that give back to the community and work with us on our efforts to better the environment for our citizens.”
This development is part of SRP’s Sustainable Energy Offering, a program that gives SRP commercial customers the option to power a portion of their operations with clean, emission-free energy at an affordable price. There are now a total of 33 companies, including 21 organizations recently announced, that have signed up to receive 300 MW of solar energy provided from Arizona-based solar plants, including the sPower East Line Solar facility.
The East Line Solar facility will support Intel’s Chandler Ocotillo Campus, one of the corporation’s largest global, semiconductor manufacturing sites. The solar plant is also part of SRP’s growing portfolio of clean energy resources contributing to the utility’s 2035 Sustainability Goals to reduce carbon intensity by more than 60 percent in 2035 and by 90 percent in 2050 from 2005 levels.
“This is a scenario that works well for all involved,” said SRP Associate General Manager & Chief Customer Executive Jim Pratt. “With the East Line Solar project, we are supporting a great, locally based partner, Intel, meet its sustainability goals. We also experience many other benefits associated with utility-scale solar investment, like job creation and expansion in an environmentally sensible, growing industry.”
“We are committed to Pinal County for the long term with this low-cost, highly economically impactful project. We also seek to be a good neighbor as we develop, construct and operate projects, and it’s important for us to integrate ourselves from the start. Recent COVID-19 relief efforts have included donations to Eloy’s Community Action Human Services and Coolidge’s Hope International Ministries,” said sPower CEO, Ryan Creamer.
About sPower
Headquartered in Salt Lake City, Utah, sPower is a leading independent power producer (IPP) that owns and operates more than 150 renewable generation systems across the U.S. We operate a leading wind, solar and storage portfolio of nearly 2.0 GW, with 15 GW of projects under development. sPower is owned by a joint venture partnership between The AES Corporation (NYSE: AES), Fortune 500 global power company, and the Alberta Investment Management Corporation (AIMCo), one of Canada’s largest and most diversified institutional investment managers.
Follow us on Twitter: @sPower_US, on LinkedIn @sPower or visit spower.com/az.
About SRP
SRP is a community-based, not-for-profit public power utility and the largest provider of electricity in the greater Phoenix metropolitan area, serving more than 1 million customers. SRP is also the metropolitan area’s largest supplier of water, delivering about 800,000 acre-feet annually to municipal, urban and agricultural water users.
Lara Hamsher, Government Relations and Communications Manager, sPower
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Erica Sturwold, Media Relations Representative, SRP
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High-performance, customizable Manitou pontoons to integrate both Garmin and Fusion Entertainment marine electronics for the 2021 model year
OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International, Inc., a unit of Garmin Ltd. (NASDAQ: GRMN), the world’s leading marine electronics manufacturer1, today announced that Manitou Pontoon Boats will install marine audio packages from Fusion® Entertainment, a Garmin Brand, as the standard-fit for select model year 2021 pontoon boats. Manitou exclusively offers the Garmin ECHOMAP™ UHD 73sv and GPSMAP® chartplotters for its entire lineup and will add a range of Fusion Entertainment stereos, speakers and amplifiers for the upcoming boating season.
“It is clear to us that Manitou, along with other boatbuilders, are taking note of the lasting, high-quality marine audio Fusion can deliver for their boats. We take great pride in the reputation that Fusion is building with each new OEM we supply,” said Dan Bartel, Garmin vice president of global consumer sales. “With Garmin marine electronics already aboard Manitou pontoons, the added convenience of Fusion-Link™ seamless audio integration is sure to bring an incomparable on-the-water experience that Manitou customers can trust for years to come.”
“We are eager to expand our relationship with Garmin to include Fusion Entertainment for the 2021 model year,” said James Heintz, Director, Project Management, BRP Marine Group. “Our customers have come to expect a level of style and sophistication aboard our pontoons, including innovative technology. We knew that selecting Fusion for our marine audio solutions would be a key factor in meeting those expectations.”
Equipped with a full suite of Garmin marine electronics and a range of Fusion Entertainment audio packages, including RA210 stereos, Signature Series high-power amplifiers and XS Series 6.5” sport speakers, Manitou customers will discover the exclusive advantage of Fusion-Link entertainment control onboard their boats. The free Fusion-Link app for compatible Apple and Android devices allows users to control sound volume, song choice, source selection and more at the touch of a button in and around their pontoon. Beyond seamless integration, Fusion Entertainment audio products are engineered and tested with True-Marine™ to be durable enough for any condition while still providing a sleek design and stunning sound performance.
Manitou will factory-install Fusion Entertainment audio packages on its 2021 Aurora LE, Oasis and Encore models with premium upgrade packages available for both the Oasis and Encore. Other audio options from Fusion Entertainment are available to add to premium upgrade packages. To view the full line of Fusion audio products, visit fusionentertainment.com.
Engineered on the inside for life on the outside, Garmin products have revolutionized life for anglers, sailors, mariners and boat enthusiasts everywhere. Committed to developing the most sophisticated marine electronics the industry has ever known, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. For the fifth consecutive year, Garmin was recently named the Manufacturer of the Year by the National Marine Electronics Association (NMEA). Other Garmin marine brands include Navionics®. For more information, visit Garmin's virtual pressroom at garmin.com/newsroom, contact the Media Relations department at 913-397-8200, or follow us at facebook.com/garmin, twitter.com/garminnews, instagram.com/garmin or youtube.com/garmin.
1 Based on 2019 reported sales.
About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (Nasdaq: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin, Fusion Entertainment and Navionics are registered trademarks and ECHOMAP, GPSMAP, Fusion-Link, and True-Marine are trademarks of Garmin Ltd. or its subsidiaries.
Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management’s current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 28, 2019, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). A copy of such Form 10-K is available at http://www.garmin.com/aboutGarmin/invRelations/finReports.html. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
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LEAWOOD, KS--(BUSINESS WIRE)--TortoiseEcofin today announced that CNX Midstream Partners LP (NYSE: CNXM) will be removed from the Tortoise MLP Index® (TMLP) and the Tortoise North American Pipeline IndexSM (TNAP) as a result of the merger with CNX Resources Corp. (NYSE: CNX). CNXM will be removed from both indices effective at market open on Monday, September 28, 2020.
For Tortoise MLP Index® (TMLP), the removal of CNXM from the index will trigger a special rebalancing.
For Tortoise North American Pipeline IndexSM (TNAP), CNXM will be removed from the index, but will not require a special rebalancing.
Special rebalancings in TMLP are triggered by corporate actions such as mergers, bankruptcies, and liquidations, in which the resulting weight of a single constituent exceeds the index’s 7.5% threshold and the target constituent weight exceeds certain weighting thresholds. Implementation of special rebalancings will be made in accordance with existing methodologies.
About TortoiseEcofin
TortoiseEcofin focuses on essential assets – those assets and services that are indispensable to the economy and society. We strive to make a positive impact on clients and communities by investing in energy infrastructure and the transition to cleaner energy and by providing capital for social impact projects focused on education and senior housing. TortoiseEcofin brings together strong legacies from Tortoise, with expertise investing across the energy value chain for more than 20 years, and from Ecofin, which unites ecology and finance and has roots back to the early 1990s. To learn more, please visit www.TortoiseEcofin.com.
The Tortoise MLP Index® is a float-adjusted, capitalization weighted index of energy master limited partnerships (MLPs). The index is comprised of publicly traded companies organized in the form of limited partnerships or limited liability companies engaged in transportation, production, processing and/or storage of energy commodities.
Tortoise North American Pipeline IndexSM is a float-adjusted, capitalization weighted index of pipeline companies that are organized and have their principal place of business in the United States or Canada. A pipeline company is defined as a company that either 1) has been assigned a standard industrial classification (“SIC”) system code that indicates the company operates in the energy pipeline industry or 2) has at least 50% of its assets, cash flow or revenue associated with the operation or ownership of energy pipelines. Pipeline companies engage in the business of transporting natural gas, crude oil and refined products, storing, gathering and processing such gas, oil and products and local gas distribution. The index includes pipeline companies structured as corporations, limited liability companies and master limited partnerships (MLPs).
The Tortoise MLP Index® and the Tortoise North American Pipeline IndexSM are the exclusive property of TIS Advisors, which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) to calculate and maintain the Tortoise MLP Index® and the Tortoise North American Pipeline IndexSM (the “Indices”). The Indices are not sponsored by S&P Dow Jones Indices or its affiliates or its third party licensors (collectively, “S&P Dow Jones Indices”). S&P Dow Jones Indices will not be liable for any errors or omissions in calculating the Indices. “Calculated by S&P Dow Jones Indices” and its related stylized mark(s) are service marks of S&P Dow Jones Indices and have been licensed for use by TIS Advisors and its affiliates. S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“SPFS”), and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”).
This data is provided for informational purposes only and is not intended for trading purposes. This document shall not constitute an offering of any security, product or service. The addition, removal or inclusion of a security in the index is not a recommendation to buy, sell or hold that security, nor is it investment advice. The information contained in this document is current as of the publication date. TortoiseEcofin makes no representations with respect to the accuracy or completeness of these materials and will not accept responsibility for damages, direct or indirect, resulting from an error or omission in this document. The methodology involves rebalancing and maintenance of the index that is made periodically during each year and may not, therefore, reflect real time information.
Safe Harbor Statement
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.
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Partnership Building a Global Standard for Financed Emissions Assessment and Disclosure
ANNAPOLIS, Md.--(BUSINESS WIRE)--Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong") (NYSE: HASI), a leading investor in climate change solutions, today announced it has joined the Partnership for Carbon Accounting Financials (PCAF), a global industry-led partnership to facilitate a consistent and transparent approach to assess and disclose greenhouse gas (GHG) emissions associated with loans and investments in the financial services industry.
With its membership, Hannon Armstrong joins a network of more than 70 financial institutions working to establish a common carbon accounting framework.
"Seven years ago, we became one of the first capital providers to evaluate the carbon efficiency of our investment portfolio utilizing CarbonCount, our proprietary scoring tool," said Hannon Armstrong Chairman and CEO Jeffrey W. Eckel. "By joining PCAF, we are pleased to partner with other financial institutions in developing a global and transparent standard on financed emissions that will enable investors the ability to measure the efficiency with which their capital is reducing carbon emissions and mitigating climate change."
Launched in 2019, PCAF will offer a consistent approach to portfolio carbon accounting that provides financial institutions the information required to inform actions and strategy, set climate targets, assess climate transition risks, and disclose progress. This approach feeds into the work of other climate disclosure guidelines and reporting initiatives, such as the Task Force on Climate-related Financial Disclosures (TCFD), Science Based Targets initiative (SBTi), and CDP.
"We are very pleased that Hannon Armstrong has taken a leadership position by joining PCAF," said Ivan Frishberg of Amalgamated Bank and a member of the PCAF Steering Committee. "Measuring the carbon impact of loans and investments is a fundamental building block for further climate action and is of growing importance to investors. As we work towards COP26 next year and further align the finance sector with the goals of the Paris Climate Agreement, we believe that PCAF and member financial institutions will play an important leadership role in that work."
PCAF published a draft version of the Global Carbon Accounting Standard on August 3, with public comments to be collected through the end of September. Visit PCAF's Global Carbon Accounting Standard page to view a copy of the standard.
Hannon Armstrong has long been recognized as a leader among U.S. companies in terms of GHG reductions and transparent disclosures. In 2013, the company developed CarbonCount®, a tool for evaluating investments in U.S. based renewable energy, energy efficiency, and climate resilience projects to determine the efficiency by which each dollar of invested capital reduces annual carbon dioxide equivalent (CO2e) emissions. In 2017, Hannon Armstrong became the first U.S. public company to commit to TCFD and was among the first companies to integrate TCFD recommendations into its financial filings beginning in 2018.
Earlier this year, Hannon Armstrong published its seventh annual sustainability report card disclosing the CarbonCount® associated with each investment. As of December 31, 2019, Hannon Armstrong's investments have avoided 3.2 million metric tons of CO2e annually and saved 3.4 billion cumulative gallons of water annually. More information about Hannon Armstrong's commitment to a sustainable and resilient future can be found at www.hannonarmstrong.com/esg/.
About Hannon Armstrong
Hannon Armstrong (NYSE: HASI) is the first U.S. public company solely dedicated to investments in climate change solutions, providing capital to leading companies in energy efficiency, renewable energy, and other sustainable infrastructure markets. With more than $6 billion in managed assets as of June 30, 2020. Hannon Armstrong's core purpose is to make climate-positive investments with superior risk-adjusted returns. For more information, please visit http://www.hannonarmstrong.com. Follow Hannon Armstrong on LinkedIn and Twitter @HannonArmstrong.
About Partnership for Carbon Accounting Financials
The Partnership for Carbon Accounting Financials (PCAF) launched in 2019, currently consists of more than 70 banks and investors who have committed to the PCAF initiative. PCAF participants work together to jointly develop the Global Carbon Accounting Standard for the financial services industry to measure and disclose the greenhouse emissions of their loans and investments. By doing so, PCAF participants take the first step required to assess climate-related risks, set targets in line with the Paris Climate Agreement and develop effective strategies to decarbonize our society. For more information see https://carbonaccountingfinancials.com/.
Media:
Gil Jenkins
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Investors:
Chad Reed
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(410) 571-6189
LONDON--(BUSINESS WIRE)--#ArtificialLiftSystemsMarket--Technavio has been monitoring the artificial lift systems market and it is poised to grow by $ 4.26 bn during 2020-2024, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Apergy Corp., Baker Hughes Co., Dover Corp., Halliburton Co., National Oilwell Varco Inc., NOW Inc., OiLSERV, Rockwell Automation Inc., Schlumberger Ltd., and Weatherford International Plc are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Growing demand for oil and natural gas has been instrumental in driving the growth of the market. However, high maintenance cost might hamper the market growth.
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Artificial Lift Systems Market 2020-2024: Segmentation
Artificial Lift Systems Market is segmented as below:
Artificial Lift Systems Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The artificial lift systems market report covers the following areas:
This study identifies the increasing use of automation and remote technology as one of the prime reasons driving the artificial lift systems market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Artificial Lift Systems Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Market Segmentation by Type
Customer Landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
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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FreeWire Technologies, a leader in EV charging technology, achieves a first-of-its-kind safety milestone for its next-generation ultrafast electric vehicle charger.
SAN LEANDRO, Calif.--(BUSINESS WIRE)--#boostcharger--FreeWire Technologies has announced that Boost Charger™ is the first battery-integrated ultrafast charging system to achieve UL certification. Boost Charger is the future of electric vehicle (EV) charging technology – a next-generation charger that boosts power at the grid edge instead of relying on utility upgrades. It uses existing low-voltage power coupled with an integrated battery buffer to enable ultrafast charging speeds while reducing installation costs & complexity by an order of magnitude. By eliminating grid upgrades, Boost Charger also makes ultrafast charging feasible at ten times as many locations as compared to traditional chargers.
Boost Charger is the first technology of its kind to be UL certified under both EV charging standards and energy storage standards. FreeWire’s proprietary lithium-ion battery pack is certified to UL 1973, and the entire system is certified to UL 2202, UL 2231-1, UL 2231-2, and UL 991. This suite of UL certifications ensures that all FreeWire products, which are manufactured at their corporate headquarters in San Leandro, California, have undergone extensive third-party testing & validation and that the company’s supply chain and manufacturing processes have met rigorous quality standards.
"FreeWire is rethinking the relationship with the grid. By leveraging our experience with flexible energy storage platforms, we’re providing high power at a low cost, wherever it's needed," said Arcady Sosinov, CEO and founder of FreeWire Technologies. "Today, very few locations use storage to enhance the grid; in the near future, most sites will use storage to reduce costs and provide resiliency. These UL certifications are major milestones that guarantee safe, high-performance operation and expansion of this innovative product.”
Battery-integrated charging technology addresses limitations in the current electric grid, enabling rapid expansion of necessary charging infrastructure to drive EV growth. Boost Charger is uniquely compatible with both three-phase and split-phase inputs, using low-voltage infrastructure that is readily available at most commercial locations. The design allows sites, previously restricted by that low-voltage infrastructure, to provide premium and ultrafast EV charging in public charging, workplace, or fleet applications.
“Boost Charger offers a step-change in charging solutions, enabling cities like Los Angeles to deploy EV charging on every street corner,” said Matt Petersen, CEO of Los Angeles Cleantech Incubator (LACI). “We are proud to have FreeWire as a LACI alumnus providing innovations to transform the transportation market.”
Boost Charger has been deployed in California and will expand to additional locations this year and throughout 2021. FreeWire's lead investors include BP Ventures, ABB Technology Ventures, and Energy Innovation Capital. FreeWire joined LACI in 2015.
About FreeWire Technologies
FreeWire Technologies merges beautiful design with convenient services to electrify industries formerly dependent on fossil fuels. FreeWire’s turnkey power solutions deliver energy whenever and wherever it’s needed for reliable electrification beyond the grid. With scalable clean power that moves to meet demand, FreeWire customers can tackle new applications and deploy new business models without the complexity of upgrading traditional energy infrastructure. For more information visit www.freewiretech.com.
FreeWire Technologies, Inc.
Connor Botkin, 415.779.5515 ext. 2000
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By Integrating New Technology and Using Mitigation Measures, the Sept. 7 -10 PSPS Affected Approximately 50 Percent Fewer Customers Than a Comparable Event Would Have in 2019
Report Details Wind Gusts of 60+ MPH, Thousands of Customers Served by Community Resource Centers and How Temporary Generation Kept Thousands of Customers in Power
SAN FRANCISCO--(BUSINESS WIRE)--Pacific Gas and Electric Company (PG&E) has identified more than 80 cases of damage or hazards found on power lines that had been de-energized for public safety due to the recent severe wind event. Any of these could have potentially led to a wildfire had the lines not been turned off during the Public Safety Power Shutoff (PSPS) event that started on Sept. 7, 2020.
Although conducting a PSPS event is a tool of last resort for PG&E, it’s important to understand the goals of the program are to not have electrical equipment start any catastrophic wildfires and to prioritize public and customer safety.
In a report submitted to the California Public Utilities Commission today, PG&E also shared:
“We have worked diligently to improve Public Safety Power Shutoffs by integrating enhanced weather technology, boosting our coordination with counties and state agencies, and making sure customers get timely and accurate information,” said Michael Lewis, PG&E’s Interim President. “Still, we know turning off the power represents a significant hardship for our customers. Please know that we don’t take this decision lightly, and we will only initiate a PSPS as an option of last resort when severe weather that could cause a wildfire makes it absolutely necessary for public safety.”
PSPS Event Impacted 50 Percent Fewer Customers Than Similar Events in 2019
For 2020, PG&E has been focusing on making PSPS events smaller in size, shorter in duration and smarter for customers. Due to preparation and mitigation strategies, the Sept. 7-10 PSPS event affected approximately 50 percent fewer customers than a comparable de-energization in 2019. This was the result of improved meteorological analytic tools, distribution sectionalizing devices, temporary generation including microgrids and the ability to island the Humboldt Bay Generation Station to provide local power.
This PSPS event was based on a forecast of dry, hot weather with strong winds and dry fuel on the ground that posed significant wildfire risk. After getting notifications starting two days ahead, approximately 172,000 customers in 22 counties had their power turned off for public safety late in the day on Monday, Sept. 7. Once the severe weather subsided, the weather “all clear” was given early on Wednesday, Sept. 9.
After PG&E crews patrolled thousands of miles of transmission and distribution power lines, a necessary step to see if the strong winds had caused damage or tossed hazards such as tree limbs into the lines, more than 97 percent of customers who could take service had been restored by nightfall on Sept. 9. The remaining customers were restored on Thursday, Sept. 10. Due to unsafe flying conditions caused by smoky conditions and gusty easterly winds, PG&E was unable to use a portion of its helicopter fleet to conduct aerial inspections. In all, approximately 2,700 PG&E personnel participated in restoration work aided by another 300 employees in PG&E’s Emergency Operations Center.
Those inspections revealed more than 80 instances of weather-related damage and hazards in the PSPS-affected areas. This includes 59 instances where PG&E lines or other electric-system components were damaged by vegetation (17) or wind (42). Damages, such as a wire down or a fallen pole, are conditions that occurred during a PSPS event, resulting in necessary repairs or replacement of PG&E assets. Additionally, there were 24 instances where a hazard was found. These, such as a tree limb intertwined in a power line, are conditions that might have caused damage had the line not been de-energized.
Here are some examples of what was found as PG&E crews inspected lines prior to re-energization. If a PSPS had not been executed, these types of damages could have caused potential wildfire ignitions.
More Support for Customers in 2020
During the PSPS, PG&E opened 50 Community Resource Centers (CRCs) in 18 counties. Each center offered an ADA-accessible restroom and hand-washing station, medical equipment charging, device charging, Wi-Fi, bottled water and snacks. Due to COVID-19 safety protocols, many of these CRCs were microsites (open-air tents) or mobile sites supported by van. Visitors were required to wear masks and stay six feet apart. For safety and customer convenience, PG&E provided more than 1,300 grab-and-go bags, which included water, snacks and a charging device.
Smaller, Shorter, Smarter PSPS events
PG&E is applying lessons from past PSPS events, and this year will be making events smaller in size, shorter in length and smarter for customers.
More than 10,300 vulnerable customers, who take part in PG&E’s Medical Baseline program, had enhanced notifications from PG&E, including 1,037 cases where a PG&E employee knocked on their door prior to the PSPS. Additionally, through the California Foundation for Independent Living and other community-based organizations, support included 550 back-up batteries, 174 food vouchers, 91 hotel vouchers and transportation for nine customers. In partnership with five local food banks serving 11 counties, more than 9,000 boxes of food replacement for families who experienced food loss during the event.
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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Wins continue to validate success of Graham’s strategy
BATAVIA, N.Y.--(BUSINESS WIRE)--Graham Corporation (NYSE: GHM), a global business that designs, manufactures and sells critical equipment for the oil refining, petrochemical and defense industries, today announced that it secured $17.5 million in orders for two defense projects and two oil refining projects. One of the oil refining projects is in India and the other is in North America.
James R. Lines, Graham’s President and Chief Executive Officer, commented, “We continue to execute well on our defense strategy. Orders for the defense industry continue to represent more than 50% of total backlog. The defense industry provides terrific visibility into procurement schedules, which translates into improved multiyear planning for our operations. We expect to continue to build defense backlog across the remainder of the current fiscal year.” Mr. Lines continued, “In our commercial markets, we are successfully leveraging our large installed base and continue to create follow-on revenue demand. These projects can arise quickly without much visibility and can have conversion cycles that are between 6 to 12 months. The India order is the result of our restructuring and establishing a subsidiary in India enabling us to secure our second large refining order for that region.”
The defense projects are existing component orders for new naval vessels in two of the three programs that Graham already participates in. The majority of revenue from the navy orders is expected to convert beyond fiscal 2022. The project in India is a major refinery expansion that will increase throughput capacity 50%, while the other oil refining order is a metallurgical upgrade to equipment supplied by the company approximately 20 years ago.
The projects will all be recognized in backlog during the second quarter of fiscal 2021. The company expects approximately 5% of the new order total to convert to revenue during the remainder of fiscal 2021 and approximately 25% to convert in fiscal 2022, with the remainder converting to revenue beyond fiscal 2022.
ABOUT GRAHAM CORPORATION
Graham is a global business that designs, manufactures and sells critical equipment for the energy, defense and chemical/petrochemical industries. Energy markets include oil refining, cogeneration, and alternative power. For the defense industry, the Company’s equipment is used in nuclear propulsion power systems for the U.S. Navy. Graham’s global brand is built upon world-renowned engineering expertise in vacuum and heat transfer technology, responsive and flexible service and unsurpassed quality.
Graham designs and manufactures custom-engineered ejectors, vacuum pumping systems, surface condensers and vacuum systems. Graham’s equipment can also be found in other diverse applications such as metal refining, pulp and paper processing, water heating, refrigeration, desalination, food processing, pharmaceutical, heating, ventilating and air conditioning. Graham’s reach spans the globe and its equipment is installed in facilities from North and South America to Europe, Asia, Africa and the Middle East.
Graham routinely posts news and other important information on its website, www.graham-mfg.com, where additional comprehensive information on Graham Corporation and its subsidiaries can be found.
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This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
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An estimated 21,000 customers who might be affected by the Public Safety Power Shutoff are receiving the initial notifications today–two days ahead of the potential event
Fewer than 1 percent of PG&E customers could be affected by shutoff
SAN FRANCISCO--(BUSINESS WIRE)--This afternoon, Pacific Gas and Electric Company (PG&E) notified customers in portions of three Northern Sierra and North Valley counties about a potential Public Safety Power Shutoff (PSPS) starting Saturday evening. Hot and dry conditions combined with expected high wind gusts pose an increased risk for damage to the electric system that has the potential to ignite fires in areas with dry vegetation.
High fire-risk conditions are expected to arrive Saturday evening, continue through Sunday evening and subside Monday morning. PG&E will then inspect the de-energized lines to ensure they were not damaged during the wind event. PG&E will safely restore power in stages as quickly as possible, with the goal of restoring most customers within 12 daylight hours, based on once the weather “all clear” is provided.
While there is still uncertainty regarding the strength and timing of this weather system, the shutoff is currently expected to impact approximately 21,000 customers in portions of Butte, Plumas and Yuba counties. This weather event will be localized to the Sierra Foothills, so customers in the Bay Area and southern parts of PG&E’s service area will not be impacted.
Potential Public Safety Power Shutoff: What People Should Know
The potential PSPS event is still at least 48 hours away. PG&E’s in-house meteorologists as well as its Wildfire Safety Operations Center and Emergency Operations Center will continue to monitor conditions, and additional customer notifications will be issued as we move closer to the potential event.
Customer notifications—via text, email and automated phone call—began late this afternoon. Customers enrolled in the company’s Medical Baseline program who do not verify that they have received these important safety communications will be individually visited by a PG&E employee with a knock on their door when possible. A primary focus will be given to customers who rely on electricity for critical life-sustaining equipment.
Why PG&E Calls a PSPS Event
Due to forecasted extreme weather conditions, PG&E is considering proactively turning off power for safety. Windy conditions, like those being forecast, increase the potential for damage and hazards to the electric infrastructure, which could cause sparks if lines are energized. These conditions also increase the potential for rapid fire spread.
State officials classify more than half of PG&E’s 70,000-square-mile service area in Northern and Central California as having a high fire threat, given dry grasses and the high volume of dead and dying trees. The state’s high-risk areas have tripled in size in seven years.
No single factor drives a PSPS, as each situation is unique. PG&E carefully reviews a combination of many criteria when determining if power should be turned off for safety. These factors generally include, but are not limited to:
New for 2020: Improved Watch and Warning Notifications
In response to customer feedback requesting more information as soon as possible to ensure they have time to prepare for and plan in advance of a potential PSPS event, PG&E will provide improved Watch and Warning notifications this year.
Whenever possible, an initial Watch notification will be sent two days in advance of a potential PSPS event. This is what is being sent to customers today. One day before the potential PSPS event, an additional Watch notification will go out, notifying customers of the possibility of a PSPS event in their area based on forecasted conditions.
A PSPS Watch will be upgraded to a Warning when forecasted conditions show that a safety shutoff will be needed. Whenever possible, Warning notifications will be sent approximately four to 12 hours in advance of the power being shut off.
Both Watch and Warning notifications are directly tied to the weather forecast, which can change rapidly.
As an example of how notifications have been improved for 2020, customers will see the date and time when power is estimated to be shut off as well as the estimated time when their power will be restored, all provided two days before the power goes out. Last year, the estimated time of restoration was not provided until the power had been turned off.
Here’s Where to Go to Learn More
Smaller, Shorter, Smarter PSPS events
PG&E is learning from past PSPS events, and this year will be making events smaller in size, shorter in length and smarter for customers.
Earlier this month, due to better weather technology and mitigation efforts such as sectionalizing devices and temporary generation, the Sept. 7-10 PSPS event affected approximately 50% fewer customers than a comparable event would have in 2019.
Community Resource Centers Reflect COVID-Safety Protocols
PG&E will open Community Resource Centers (CRCs) in every county where a PSPS occurs. The sole purpose of a PSPS is to reduce the risk of major wildfires during severe weather. While a PSPS is an important wildfire safety tool, PG&E understands that losing power disrupts lives, especially for customers sheltering-at-home in response to COVID-19. These temporary CRCs will be open to customers when power is out at their homes and will provide ADA-accessible restrooms and hand-washing stations; medical-equipment charging; Wi-Fi; bottled water; and non-perishable snacks.
In response to the COVID-19 pandemic, all CRCs will follow important health and safety protocols including:
Besides these health protocols, customers visiting a CRC in 2020 will experience further changes, including a different look and feel. In addition to using existing indoor facilities, PG&E is planning to open CRCs at outdoor, open-air sites in some locations and use large commercial vans as CRCs in other locations. The CRC to be used will depend on a number of factors, including input from local and tribal leaders. Supplies also will be handed out in grab-and-go bags at outdoor CRCs so most customers can be on their way quickly.
How customers can prepare for a PSPS
As part of PSPS preparedness efforts, PG&E suggests customers:
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 20,000 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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LONDON--(BUSINESS WIRE)--#GlobalLiquidImmersedTransformersMarket--The liquid-immersed transformers market will witness an incremental growth of USD 7.29 billion during 2020-2024, according to the latest pandemic recovery-based research report by Technavio. Factors such as imposition of worldwide lockdowns have partially halted operations and affected supply chains and logistics. This has further impacted economies around the globe, resulting in an overall slowdown during 2020. However, businesses are gradually carving out unique pathways to recover from the COVID-19 crisis. With the exemption of lockdowns, growing incorporation of active social distancing and remote working, and surging entries of players in digital marketplaces, various industry and market conditions are likely to improve by early 2021.
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COVID-19 Highlights
Markets across the globe have faced the economic wrath of the pandemic and are dealing with uncertainties by banking on the online marketspace to reach out to a wider target audience. This liquid-immersed transformers market research report encompasses all possible factors expected to drive the market growth and create opportunities for all the stakeholders in the supply chain. View detailed liquid-immersed transformers market insights here: https://www.technavio.com/report/liquid-immersed transformers market-industry-analysis
Key Liquid-Immersed Transformers Market Research Findings
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Key Considerations for Market Forecast
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Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Type
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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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LONDON--(BUSINESS WIRE)--#GlobalPortsandTerminalOperationsMarket--The ports and terminal operations market will witness an incremental growth of USD 4.64 billion during 2020-2024, according to the latest pandemic recovery-based research report by Technavio. Factors such as imposition of worldwide lockdowns have partially halted operations and affected supply chains and logistics. This has further impacted economies around the globe, resulting in an overall slowdown during 2020. However, businesses are gradually carving out unique pathways to recover from the COVID-19 crisis. With the exemption of lockdowns, growing incorporation of active social distancing and remote working, and surging entries of players in digital marketplaces, various industry and market conditions are likely to improve by early 2021.
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COVID-19 Highlights
Markets across the globe have faced the economic wrath of the pandemic and are dealing with uncertainties by banking on the online marketspace to reach out to a wider target audience. This ports and terminal operations market research report encompasses all possible factors expected to drive the market growth and create opportunities for all the stakeholders in the supply chain. View detailed Ports and Terminal Operations market insights here: https://www.technavio.com/report/ports and terminal operations market-industry-analysis
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Key Considerations for Market Forecast
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Table of Contents:
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Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Service
Customer Landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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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Caltech/Cyclotron Road start-up working to reduce CO2 emissions through innovative technologies for industrial processes
OAKLAND, Calif.--(BUSINESS WIRE)--Brimstone Energy, Inc. (Brimstone) today announced that the startup company will join the Chevron Technology Ventures (CTV) Catalyst Program to support further development of its innovative technology platform for reducing CO2 emissions from industrial processes, including production of hydrogen and cementitious materials. Specializing in the generation of low-emissions hydrogen, as well as various commodity products, Brimstone’s technology platform focuses on developing multiple routes to cleaner production of key industrial inputs at a low price point.
The CTV Catalyst Program was launched in 2017 to accelerate the maturation of early-stage companies that have technology beneficial to the energy industry.
By meeting its Catalyst Program milestones, Brimstone Energy will make progress toward an initial plant trial as part of the company’s plan to scale its technology platform to deliver potential emissions reductions in hydrogen and cement production processes. Today, hydrogen production, mostly done via steam methane reforming, produces over two percent of global greenhouse gases. Cement production also has a significant climate impact producing over five percent of greenhouse gases.
“Brimstone Energy is excited to be supported by Chevron, a multi-national industrial company,” said Cody Finke, Ph.D., co-founder and CEO of Oakland, CA-based Brimstone Energy. “It is good to see Chevron continue to back companies with decarbonization in their mission.”
About Brimstone Energy
Co-founded in 2019 at Caltech, by Cody Finke and Hugo Leandri, Brimstone is working to eliminate non-energy process CO2 emissions from various industrial processes including the production of hydrogen and cement. The non-energy process emissions from hydrogen and cement are difficult to decarbonize, because even if clean energy were to be used to make these products, these emissions would persist. For more information, visit https://www.brimstoneenergy.com/
About Chevron Technology Ventures
Chevron Technology Ventures (CTV) pursues externally developed technologies and new business solutions that have the potential to enhance the way Chevron produces and delivers affordable, reliable, and ever-cleaner energy. CTV leverages innovative companies and technologies to strengthen Chevron’s core operations and identifies new opportunities to shape the future of energy. For more information, visit www.chevron.com/technology/technology-ventures.
Cody Finke, CEO
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Consumers identified lack of charging infrastructure availability and vehicle purchase price as the two main barriers for plug-in EV adoption
BOULDER, Colo.--(BUSINESS WIRE)--#EVCharging--A new report from Guidehouse Insights analyzes results from the firm’s 2020 Vehicle Preferences and EV Awareness Consumer Survey, which assesses consumer knowledge of plug-in EV (PEVs), attitudes of current PEV owners, and potential barriers to PEV adoption.
Global sales of light duty PEVs reached nearly 2.5 million in 2019 at sales growth of 30% over 2018. However, the US saw an 8% decline in sales since 2018. PEV sales in the US have been inconsistent through the first half of 2020 due to the outbreak of coronavirus. 1Q 2020 had relatively high sales, followed by a sharp decline in 2Q as much of the country was required to shelter in place. Click to tweet: According to a new report from @WeAreGHInsights, despite the sales slump, consumer attitudes toward EVs remain positive.
“As OEMs bring more models to the market and investment in charging infrastructure continues to increase, the PEV market will grow across the US,” says Raquel Soat, research analyst with Guidehouse Insights. “Pockets of high adoption in certain markets indicate that policy and economics play a large role in the adoption of PEVs—more exposure brings more awareness of PEV technology, and PEV awareness will continue to increase as states such as Washington, Colorado, and Nevada have committed to becoming zero emissions vehicle (ZEV) zones.”
Survey respondents indicated that charging availability and purchase price of PEVs are two major barriers to adoption, and more than 45% of respondents said they were not willing to pay more to purchase a PEV rather than a conventional gasoline or diesel vehicle. According to the report, consumer knowledge and awareness of PEV technologies and incentives are expected to play a key role in the PEV market.
The report, Market Data: EV Consumer Profiles, analyzes Guidehouse Insights’ 2020 Vehicle Preferences and EV Awareness Consumer Survey, which assesses consumer vehicle preferences, perceptions, and knowledge of PEVs, attitudes of current PEV owners, and potential barriers to PEV adoption. The survey collected more than 2,000 responses and identified more than 70 PEV owners. 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: EV Consumer Profiles, 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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L37 Leads $4M Round with Equinor Ventures and Saudi Aramco Energy Ventures
Blockchain Network Powers Smart Contracts to Ensure Transactional Certainty for Commercial Relationships
HOUSTON--(BUSINESS WIRE)--#VCfunding--Data Gumbo, the trusted industrial blockchain network, today announced the first close in its Series B funding round of $4 million led by new investor L37, a Bay Area and Houston-based venture capital company, with return investments from Equinor Ventures, the venture subsidiary of Equinor, and Saudi Aramco Energy Ventures, the venture subsidiary of Saudi Aramco.
Based on sales pipeline growth, increased demand of new projects and required global expansion, Data Gumbo has executed this first close of its Series B. Additionally, the capital will be used to mature its massively interconnected blockchain network, GumboNet™, in support of capturing increased market share across asset-heavy and capital-intensive industries including oil & gas, construction, mining and manufacturing. Data Gumbo’s funding totals $14.8 million to date.
“Time is of the essence to capitalize on greatly increased demand for our network, and we’re making key hires to support our growing commercial success and market penetration in oil & gas and adjacent industries,” said Andrew Bruce, CEO and Founder, Data Gumbo. “This funding will solidify Data Gumbo’s leadership position realizing transactional certainty through smart contracts. We are thrilled to partner with L37 and their expert team to apply our network to solve problems and generate value for our customers in this considerably difficult environment.”
In the current global business environment, it's imperative that industry frees up working capital and reduces inefficiencies to cut costs and streamline operations. As a network of companies, customers, suppliers and vendors, GumboNet enables participants to reduce contract leakage, free up working capital, improve cash and financial management, and deliver material provenance through the deployment of blockchain-powered smart contracts.
Investor Quotes
“Data Gumbo is the category leader for industrial smart contracts, which is an inevitable next step in digital transformation of the oil and gas industry,” said Kemal Farid, a Partner in L37. “There is a lack of transparency, visibility and accuracy between counterparts of contracts that increases the costs of doing business and this has been greatly exacerbated by the current business landscape. We look forward to applying our experience to propel the company along its journey to bring transactional certainty and cost efficiency to commercial relationships.”
“We are pleased to continue the investment in Data Gumbo as the company matures and scales, driving cost savings and efficiencies across the energy sector,” said Gareth Burns, Vice President and Head of Equinor Ventures. “We are excited to partner with a player pushing the envelope with proven technology to transform and automate business processes in oil, gas and low carbon solutions.”
“Data Gumbo’s deep knowledge of the issues that plague the oil & gas market, in addition to other industries, and its position to directly address these pain points make our follow-on investment an easy decision,” said Dan Carter, Senior Investment Director, Saudi Aramco Energy Ventures. “Our repeat investment will help the company achieve meaningful milestones including key hires, investing in further developing its product and expanding market presence. Smart contracts backed by blockchain empower companies to operate in low cost environments and realize value, a much needed consideration today in our current economic global climate.”
About L37
L37 is a new generation, hybrid venture capital and private equity company. We invest in visionary founders and companies who want to solve problems and transform industries. We work alongside founding teams, leveraging frameworks and our network of trusted relationships with customers, capital and talent to design new categories and engineer market-first, globally-minded companies. For more information, please visit www.L37.vc.
About Equinor Ventures
Equinor Ventures is Equinor’s corporate venture fund dedicated to investing in attractive and ambitious early phase and growth companies. We believe that the innovation, creativity and agility of startups can drive change and transition the energy industry toward a low carbon future. We deliver strategic business impact by connecting external innovation to Equinor.
About Saudi Aramco Energy Ventures
Saudi Aramco Energy Ventures LLC (SAEV) is the corporate venturing subsidiary of Saudi Aramco, the world’s leading fully integrated energy and petrochemical enterprise. Headquartered in Dhahran with offices in North America, Europe and Asia, SAEV’s mission is to invest globally in startup and high growth companies with technologies of strategic importance to its parent. For more information, visit www.saev.com.
About Data Gumbo
Data Gumbo provides transactional certainty for tomorrow’s industrial leaders through GumboNet™, a massively interconnected industrial blockchain network. With integrated real-time capabilities that power, automate and execute smart contracts, our network reduces contract leakage, frees up working capital, enables real-time cash and financial management and delivers provenance with unprecedented speed, accuracy, visibility and transparency. Headquartered in Houston, Texas, Data Gumbo has a subsidiary office in Stavanger, Norway. To date, the company has received equity funding with Saudi Aramco Energy Ventures, the venture subsidiary of Saudi Aramco, and Equinor Technology Ventures, the venture subsidiary of Equinor, Norway’s leading energy operator. For more information, visit www.datagumbo.com or follow on LinkedIn, @DataGumbo and Facebook.
Gina Manassero
Data Gumbo
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LONDON--(BUSINESS WIRE)--#GlobalTurbineOilMarket--The turbine oil market will witness an incremental growth of 1500.05 K MT during 2020-2024, according to the latest pandemic recovery-based research report by Technavio. Factors such as the imposition of worldwide lockdowns have partially halted operations and affected supply chains and logistics. This has further impacted economies around the globe, resulting in an overall slowdown during 2020. However, businesses are gradually carving out unique pathways to recover from the COVID-19 crisis. With the exemption of lockdowns, growing incorporation of active social distancing and remote working, and surging entries of players in digital marketplaces, various industry and market conditions are likely to improve by early 2021.
Get Free Turbine Oil Market 2020-2024 Sample!
COVID-19 Highlights
Markets across the globe have faced the economic wrath of the pandemic and are dealing with uncertainties by banking on the online marketspace to reach out to a wider target audience. This turbine oil market research report encompasses all possible factors expected to drive the market growth and create opportunities for all the stakeholders in the supply chain. View detailed turbine oil market insights here: https://www.technavio.com/report/turbine oil market-industry-analysis
Key Turbine Oil Market Research Findings
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Key Considerations for Market Forecast
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Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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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DUBLIN--(BUSINESS WIRE)--The "2030 Allowances Price and GHG Emissions Forecast for WCI Carbon Market" report has been added to ResearchAndMarkets.com's offering.
The California Air Resources Board (CARB), provides annual emissions data for each facility within an organization. California Carbon compiles that data and segregates facilities into nine sectors. The publisher then looks at sector-wise macroeconomic indicators to derive a usable correlation between variables to provide the forecast up to 2030. In the emissions forecast for 2018, an accuracy of 99.6% was achieved against actual data. This report provides a forecast for emissions, supply-demand, and prices up to the year 2030.
The report is segregated into six sections. Section one of the report gives an overview of the present WCI market emissions. The reported emissions data from 2018 is analyzed by sector and major entity. Section two of the report evaluates how regulations have evolved over time, and how market prices have been affected by these regulatory shifts. Section three presents the sectoral emissions forecast through to 2030. Consequently, California Carbon Allowance (CCA) supply-demand forecast is laid out in section four. Section five builds on this balance to give a 2030 WCI price forecast. Whilst section six concludes some of the research and provides an opinion on the program's future.
Key Topics Covered:
1 Context for the market
2 WCI Regulatory Timeline
2.1 CaliforniaCarbon.info Model Update on the proposed entry of Oregon in the Cap and Trade program
3 California GHG Emissions Forecast
3.1 Forecast Methodology
3.2 Long-term sectoral emissions forecast
3.3 Sectoral breakdown of forecasted emissions and production
3.3.1 Transportation Fuel & CO2 suppliers
3.3.2 Natural Gas Suppliers
3.3.3 Refineries and Hydrogen Plants
3.3.4 Fossil Fuel Based Electricity Generation
3.3.5 Electricity Importers
3.3.6 Oil and Gas Production
3.3.7 Other Combustion Sources
3.3.8 Cement Manufacturing
3.4 Other Cogeneration
3.5 WCI's GHG emissions forecast
4 Supply- Demand Forecast of Carbon Allowances in WCI
5 WCI Carbon allowance price forecast
5.1 Assumptions:
5.2 Allowance price forecast under base case emissions scenario
5.3 Allowance price forecast under low case emissions scenario
5.4 Allowance price forecast under high emissions case scenario
5.5 Offsets
6 Looking ahead
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/i4rfjf
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The Climate Pledge, a commitment co-founded by Amazon and Global Optimism, calls on signatories to take urgent action to meet the Paris Agreement 10 years early
Signatories are implementing real, science-based, high-impact changes to their businesses, including deploying renewable energy, investing in sustainable buildings, and mobilizing supply chains to reach net zero by 2040
SEATTLE--(BUSINESS WIRE)--Today, Amazon (NASDAQ: AMZN) and Global Optimism announced that Best Buy, McKinstry, Real Betis, Schneider Electric, and Siemens have joined The Climate Pledge, a commitment to be net-zero carbon by 2040—a decade ahead of the Paris Accord’s goal of 2050.
These new signatories to The Climate Pledge agree to:
“From hurricanes to forest fires, climate change is leading to very real, negative impacts to our daily lives even sooner than scientists expected. Every company has a role to play in fighting climate change, and we welcome these new Climate Pledge signatories who are stepping up and committing to reach net-zero carbon by 2040,” said Jeff Bezos, Amazon founder and CEO. “They are showing important leadership in accelerating the transition to a low carbon economy to protect the planet for future generations.”
To achieve a net-zero carbon footprint, Best Buy will continue to measure, manage and decarbonize its emissions, increase the energy efficiency of its operations, and invest in carbon offsetting projects. Since 2009, the company has reduced its carbon emissions by 56% through investments in LED lighting, controls systems and hybrid vehicles. The company has also undertaken investments in utility-scale solar generation like the Best Buy Solar Field, which powers the equivalent of 260 Best Buy stores each year. Through its previously established science-based target, the company aims to reduce emissions in its operations by 75% and help customers reduce product emissions by 20%, saving the company $5 billion on utility costs by 2030. And as it looks to the future and meeting the 2040 requirements of The Climate Pledge, Best Buy’s focus areas may include fleet electrification, energy efficiency, renewable energy investments, and the development of carbon offset projects.
“We are a purposeful, values-driven company, with a long history of environmental work that includes meaningfully reducing our carbon footprint and helping our customers do the same,” said Corie Barry, Best Buy CEO. “We are proud to take the next step by committing to The Climate Pledge. Simply put, our customers and employees expect this degree of commitment from us and the planet demands it.”
McKinstry, a U.S. engineering, construction and energy services firm, has a three-fold plan. McKinstry will reduce its net greenhouse gas emissions by 50% by 2025 and reach net-zero carbon by 2030. McKinstry will use its impact and influence to support community organizations who are leading approaches to preserve the planet. It will also work with building owners and operators to deliver more buildings that aim for zero-carbon, energy-sharing, high-efficiency operations, and optimal building-to-grid interactions. This leads to occupant behavior that helps to transform buildings from blind energy consumers to valuable assets that serve the grid.
“Buildings account for 40% of energy use in the United States and 36% globally,” said Dean Allen, McKinstry CEO. “Emerging, complex building technologies are unlocking the potential to radically reduce carbon emissions and operate buildings with startling efficiency. It will take working together across industries to deploy these technologies and decarbonize the global building stock and dramatically improve energy efficiency. Working with other Climate Pledge companies, I believe we can meet this goal and drive real, lasting change.”
Real Betis, a professional football club based in Seville, Spain, has measured its carbon footprint and is implementing plans to reduce its emissions while at the same time purchasing carbon offsets from certified climate protection projects. In an effort to reduce its carbon emissions, the club is installing a “smart illumination system” in its 60,000-capacity Estadio Benito Villamarín stadium and is attempting to reduce its reliance on single-use plastic. It is also focused on serving as a role model for its fans: for the upcoming season, Real Betis is developing a list of sustainable initiatives to help fans reduce carbon emissions.
“At Real Betis, we are committed to tackling climate change,” said Ramón Alarcón, Real Betis general business director. “We are also helping to raise awareness to address the climate crisis, by engaging with our players and fans. We understand that climate change is a threat to the livelihoods and the wellbeing of everyone on the planet, and we are committed to doing our part. We are very excited to be the first football club in the world to join this program, and we can’t wait to work with Climate Pledge companies to ramp up our efforts.”
Fighting climate change has long been at the heart of Schneider Electric’s strategy and innovation roadmap, much ahead of its COP 21 Carbon Pledge endorsement. For Climate Week 2020, Schneider is accelerating its own carbon neutrality commitments and reaffirming that it will be carbon neutral in its operations by 2025 and have net-zero (no offset) emissions by 2030. It is also promising to have all of its products be carbon neutral by 2040, with full end-to-end neutrality, as well as having a net-zero supply chain by 2050. Schneider’s corporate pledge was amongst the first +1.5 degree Celsius roadmaps approved by the Science Based Target Initiative (SBTi).
“Sustainability is at the core of everything we do at Schneider, and digital innovation is critical to address the challenge of climate change,” said Jean-Pascal Tricoire, Schneider Electric chairman and CEO. “We will progress faster towards a sustainable and inclusive world if we progress together. This is why we joined The Climate Pledge – to deliver carbon neutrality.”
Siemens’ goal is clear: all production facilities and buildings worldwide are to achieve a net-zero carbon footprint by 2030. To reach this objective, Siemens is focusing on four levers: green energy procurement, improving energy efficiency, decentralized energy systems (e.g. photovoltaics on factory rooftops), and the electrification of its car fleet. Besides, Siemens has initiated a new Managing Board compensation system that is also linked to sustainability targets, such as CO2 emissions reduction targets.
“Climate change is one of humanity’s greatest challenges of our time. Businesses need to lead the way towards accelerated decarbonization. In September 2015, Siemens became the first global industrial company to commit to achieving carbon neutrality for our global operations by 2030. Today, we reemphasize our commitment to this goal and are looking forward to joining forces with other Climate Pledge companies to help ramp up global efforts,” said Joe Kaeser, Siemens AG president and CEO.
“The Paris Agreement set out a unifying roadmap for all countries and all people to address the climate crisis by taking action. The IPCC has informed us that we cannot warm the planet beyond 1.5 degrees Celsius and that the faster we achieve net-zero emissions, the better,” said Christiana Figueres, the UN’s former climate change chief and Global Optimism founding partner. “By joining The Climate Pledge, signatories are not just making a statement of commitment to the future, they are setting a pathway to significant actions and investments that will create jobs, spur innovation, regenerate the natural environment and help consumers to buy better starting now. This is what leadership looks like in resetting the global economy.”
Last year, Amazon and Global Optimism co-founded The Climate Pledge, a commitment to reach the Paris Agreement 10 years early and be net-zero carbon by 2040. Eleven organizations have now signed The Climate Pledge including: Amazon, Best Buy, Infosys, McKinstry, Mercedes-Benz, Oak View Group, Real Betis, Reckitt Benckiser (RB), Schneider Electric, Siemens, and Verizon—sending an important signal that there will be rapid growth in demand for products and services that help reduce carbon emissions. For more information visit www.theclimatepledge.com.
About Amazon
Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. For more information, visit www.amazon.com/about.
About Global Optimism
Global Optimism exists to precipitate transformational, sector-wide change. Achieving a zero emissions future is not a far-off challenge. It’s one we must get on track for now. Every scientific assessment shows that to meet the goal of net -zero emissions by 2050, to keep global heating below 1.5 degrees Celsius, we must halve our emissions between 2020 and 2030. Tackling the climate crisis is only possible when everyone, everywhere plays their part. We work with like-minded collectives from all sectors who are willing to invest in the choices required to be on this challenging – and life-affirming – journey. For more information, visit https://globaloptimism.com/.
Amazon.com, Inc.
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VISALIA, Calif.--(BUSINESS WIRE)--California Bioenergy LLC (CalBio), Chevron U.S.A. Inc. and local dairy farmers today announced their joint venture, CalBioGas LLC, successfully achieved first renewable natural gas (RNG) production from dairy farms in Kern County. The milestone underpins the partners’ commitment to provide affordable, reliable, and ever-cleaner energy to California consumers.
Manure storage on dairy farms results in the release of methane, a greenhouse gas. CalBio brings technology and operational experience to help build digesters and methane capture projects to convert this methane to a beneficial use as RNG. CalBio, dairy farmers and Chevron are providing funding for digester projects across three geographic clusters in Kern, Tulare and Kings counties. As they are completed, these projects will mitigate the dairies’ methane emissions and reduce greenhouse emissions from livestock.
The dairy biomethane projects are designed to send dairy biogas to a centralized processing facility where it will be upgraded to RNG and injected into local utility SoCalGas’ pipeline. The RNG is then marketed as an alternative fuel for heavy-duty trucks and buses.
“The project is the result of efforts of a remarkable range of stakeholders, including the California Department of Food and Agriculture, the California Energy Commission and the California Public Utility Commission. CalBio also is honored to be supported by a group of California’s dairy farmers, Farm Credit West and Chevron, California’s largest energy company,” said N. Ross Buckenham, CalBio’s CEO. “These projects bring so many win-wins – they help create local jobs, improve local air quality by producing renewable natural gas for use in low-NOX emission fleets, and reduce dairy methane emissions.”
With other recent Chevron announcements – such as the Adopt-a-Port initiative with Clean Energy Fuels – this milestone further demonstrates the company’s action areas to increase renewables in support of its business and invest in lower-carbon technologies.
“This is an exciting milestone that speaks to the capabilities and can-do attitude of our partners – CalBio and dairy farmers – to bring this RNG to the California vehicle fuels market,” said Andy Walz, president, Chevron Americas Products. “Chevron is increasing RNG in support of our business and is making targeted investments and establishing partnerships, as we evaluate many emerging sources of energy and the role they will play in our portfolio. And as a proud California company, we are pleased that local communities in the state will benefit from this investment.”
About California Bioenergy
CalBio is a leading developer of dairy digesters for generating renewable electricity and vehicle fuel in California. Founded in 2006, CalBio has worked closely with the dairy industry and state agencies to develop programs to help the state achieve its methane reduction goals while delivering a new revenue source to California dairies. For more information, visit: www.calbioenergy.com
About Chevron
Chevron U.S.A. Inc. is a subsidiary of Chevron Corporation, one of the world's leading integrated energy companies. Through its subsidiaries that conduct business worldwide, Chevron Corp 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.
N. Ross Buckenham, CalBio CEO
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Sean Comey, Chevron External Affairs
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CLEVELAND & DALLAS--(BUSINESS WIRE)--Align Capital Partners (“ACP”) announced today the closing of a fifth strategic add-on for its utility market intelligence, data science and consulting platform E Source. Excergy (the “Company”) is a consulting and technology implementation firm that partners with water, electric, and gas utilities and municipalities; specifically helping its customers assess, design and deploy operational technologies, such as advanced metering infrastructure (“AMI”) solutions, through multi-year engagements.
Based in Denver, CO, Excergy’s services include all aspects of a project from determining technology needs, writing RFPs, vendor selection, implementation and integration, customer communication and project management to completion. “E Source is a great partner for Excergy as both our companies believe in the transformative power of utility technology,” said Jim Ketchledge, Excergy’s CEO. “Together we can help bring utilities and cities to the 21st century by better leveraging technology to capture, synthesize and use data to make optimized decisions, conserve resources and best serve their customers.” Ketchledge will now serve as the Executive Vice President of Operations for E Source’s Technology Planning and Implementation Consulting Division.
For more than three decades, over two-thirds of the electric and gas utilities in the US and Canada have trusted E Source to help solve their most complex challenges using data and consumer insights. “E Source looks forward to welcoming Excergy into our recently formed Technology Planning and Implementation Consulting Division. The Company’s team of industry veterans have been offering energy and water solutions for over 20 years,” said E Source CEO Wayne Greenberg. “Excergy’s experience in AMI implementation makes for a perfect fit to the UtiliWorks acquisition we completed in February of this year.”
The Excergy partnership represents continued efforts by E Source to bring industry-leading tactical solutions to its customers to help them address the challenges that utilities face today. ACP acquired E Source in June of 2019 and announced earlier this year the acquisitions of QuadROI, UtiliWorks Consulting, Trove Predictive Data Science and StrategyWise. The Company will be united under the E Source brand in the months ahead.
“2020 has been a transformative year for E Source with the addition of new service offerings such as predictive data science and smart technology consulting,” said Rob Langley, ACP Managing Partner and Co-Founder. “These acquisitions enhance E Source’s value proposition and strategically complement one another by giving E Source customers the competitive advantage and intelligence they need to succeed in a rapidly evolving market.”
Operating Partner Dave Perotti, Vice President Matt Iodice and Senior Associate Corey Roe worked alongside Mr. Langley on the transaction.
About E Source
E Source is the leading solver focused solely on electric, gas, and water utilities and municipalities. The Company provides predictive data science software, market research, benchmarking data, and consulting services to more than 300 utilities, municipalities, and their partners. E Source’s data and experience helps customers make the best data-driven decisions to strengthen customer relationships, plan for tomorrow’s infrastructure and smart technology needs, and further their environmental sustainability while becoming more innovative and responsive in the rapidly evolving market. For more information, visit esource.com.
About Align Capital Partners
Align Capital Partners is a growth-oriented private equity firm that partners with business owners and management teams to create shared success. ACP manages $775 million in committed capital with investment teams in Cleveland and Dallas. ACP brings experience and resources to help lower-middle market companies accelerate their growth, to the benefit of management, employees, and the firm’s investors. ACP makes control investments in differentiated companies within the business services, technology, specialty manufacturing / distribution, and healthcare sectors. For more information, visit aligncp.com.
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Multi-Emmy award-winning journalist Val Zavala to lead conversation on the importance of women in STEM.
LOS ANGELES--(BUSINESS WIRE)--AltaSea at the Port of Los Angeles announced an upcoming webinar with three of the top female explorers and scientists in the field of ocean exploration and conservation. The webinar will be focused on the role these women played in breaking barriers in their field. The webinar will take place on October 9 at 12 PM PDT. Pre-registration is required, and space is limited. The link to sign up for the event is: https://altasea-project-blue.org/webinars/.
The webinar will feature Dr. Carlie Wiener, Dr. Dawn Wright, and Allison Fundis – three of the leading scientists, communicators, and explorers in the field, who have blazed the trail for the next generation of ocean explorers. The October 9 webinar is the latest in a series of webinars that AltaSea has hosted in 2020 following their launch of Project Blue, a digital education platform designed to provide science-based programming through webinars and live chats and inspire the next generation of explorers.
“These remarkable women have broken the glass ceiling at the bottom of the ocean, exploring what has been traditionally a man’s domain,” said Jenny Krusoe, founding executive director of AltaSea. “Collectively, they have covered significant ground in the exploration of the vast ocean, and their careers light the path forward for the next wave.”
The webinar comes on the eve of AltaSea’s biggest event of the year, The Blue Hour, which is a drive-in experience focusing on LA as the global capital of the Blue Economy and the importance of educating young people on ocean exploration and conservation. The Blue Hour will honor those who have paved the way for AltaSea and those who will continue to forge new paths. Space at the October 10 experience is limited, and tickets can be found here: https://altasea-project-blue.org/project-blue-presents-2/.
Allison Fundis, Chief Operating Officer of the Ocean Exploration Trust (OET), has spent much of the last 15 years exploring the deep sea, investigating submarine volcanoes, other unique ecosystems, shipwrecks, and even searching for Amelia Earhart’s airplane. Her work has taken her to remote stretches of the world, where she has led or participated in more than 50 expeditions at sea. As the COO for Ocean Exploration Trust, Allison leads a team of talented scientists, engineers, and educators to conduct annual missions aboard exploration vessel Nautilus. She is passionate about making authentic opportunities in STEM available to students, educators, and the public through her work and serves as an IF/THEN Ambassador for the American Association for the Advancement of Science.
Dr. Carlie Wiener, Director of Communications and Engagement Strategy at the Schmidt Ocean Institute, has over thirteen years of experience in marine science communications. Dr. Wiener has taught several courses throughout her career, specializing on communicating oceanography and marine science to the public. She has over twelve publications printed in top scientific research journals across the country.
Dr. Dawn Wright, Chief Scientist of the Environmental Systems Research Institute (Esri), became the first African American female to dive to the ocean floor early in her career, and never stopped breaking barriers after that. She currently plays a critical role at Esri by strengthening the scientific foundation for their software and services. She also represents the company, a world-leading geographic information system software, research and development company, to the international scientific community. Additionally, Dr. Wright is an active board member of the National Oceanic and Atmospheric Administration (NOAA) and other conservation agencies. A professor of Geography and Oceanography in the College of Earth, Ocean, and Atmospheric Sciences at Oregon State University, Dr. Wright was honored as Oregon Professor of the Year in 2007.
Dr. Wright will be presented with the Ocean Innovation Award at The Blue Hour the following evening.
“We believe it’s important to recognize and honor those who are dedicated to forging paths for the next generation of explorers,” said Krusoe. “These women are the embodiment of strength and perseverance, and I’m excited to use our platform to promote their advice and words of encouragement.”
Moderating the October 9 webinar will be the multi-Emmy award-winning journalist, Val Zavala. Zavala spent 30 years as a broadcast journalist at KCET in Los Angeles, winning numerous journalism awards. During her career, Zavala has covered a broad spectrum of Southern California issues, including politics, the environment, and the economy.
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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