THE WOODLANDS, Texas--(BUSINESS WIRE)--Drilling Specialties Company, a division of Chevron Phillips Chemical Company LP, introduces TribexTM ERD, a specialized dry lubricant designed for the demanding environment oil and gas operating companies face in extended reach drilling.
TribexTM ERD, unlike most liquid or dry lubricants, can be used in oil- or water-based fluid systems. The multifunctional additive reduces static and dynamic friction and high temperature/high pressure fluid loss. Further, its proprietary formula has demonstrated an efficient sealing capacity while reducing torque variability in the wellbore.
“Extended reach laterals are an effective way to optimize wellbore output in what are often costly drilling projects,” says Ryan Pritchard, business development manager. “With TribexTM ERD, our customers can achieve extended reach laterals with greater efficiency and tangible cost savings.”
Drilling Specialties Company has tested TribexTM ERD across multiple U.S. basins. One such example is of an independent west Texas operator who was experiencing high downhole torque values in a highly deviated, extended reach well. The cost impacts of extended reach drilling to the operator included reductions in drilling efficiency and lateral length associated with rig limiting torque and rate of tool failure due to downhole vibration.
After introducing TribexTM ERD as a replacement of two common liquid lubricants, field trial data showed a 67 percent reduction in lubricant needed to achieve the same performance. TribexTM ERD improved torque values compared to both common liquid lubricants at lower cost. The operator was able to achieve an increase in drilling optimization and performance while lowering overall lubricant spend.
“Extended reach laterals are an effective way for Chevron to optimize reservoir wellbore output,” says Neil Trotter, Drilling Fluids Team Lead at Chevron, who also tested the new product. “As drilling with oil-based mud is not always an economical/environmental option, evaluating water-based mud performance is key. Recently, Chevron successfully drilled an extended reach lateral with water-based mud while trialing a new drilling fluid additive, Tribex™ ERD from the Drilling Specialties Company.”
When examining the average U.S. rig cost per day, along with rental expense of directional tools, costs can escalate substantially when drilling today’s challenging wellbore geometries. With TribexTM ERD, operators should be able to optimize the efficiency of their drilling equipment by improving weight on bit transfer. The result is drilling greater lateral length in less time.
About Drilling Specialties Company
Industry leaders for more than 74 years, Drilling Specialties Company, a division of Chevron Phillips Chemical Company LP, manufactures and commercializes specialized products designed to deliver high performance and value. From proprietary drilling, cement and completion fluid additives, to an assortment of stimulation and EOR technologies, our high quality products help our customers improve both their drilling and production results. https://www.cpchem.com/what-we-do/solutions/drilling-specialties
About Chevron Phillips Chemical Company LP
Chevron Phillips Chemical Company LP is an indirect wholly-owned subsidiary of Chevron Phillips Chemical Company LLC, one of the world’s top producers of olefins and polyolefins and a leading supplier of aromatics, alpha olefins, styrenics, specialty chemicals, plastic piping and polymer resins. With approximately 5,000 employees, the LLC and its affiliates own nearly $17 billion in assets, including 31 manufacturing and research facilities in six countries. Chevron Phillips Chemical Company LLC is equally owned indirectly by Chevron Corporation and Phillips 66, and is headquartered in The Woodlands, Texas. For more information about Chevron Phillips Chemical, visit www.cpchem.com. Also, follow us on Twitter: @chevronphillips.
News inquiries: Nick Facchin
Chevron Phillips Chemical Company LP
Phone: 832-813-4264
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DUBLIN--(BUSINESS WIRE)--The "Gas Separation Membrane Market - Growth, Trends, and Forecast (2020-2025)" report has been added to ResearchAndMarkets.com's offering.
The market for gas separation membranes is expected to grow at a CAGR of over 5% globally during the forecast period.
The major factor driving the market studied is the increasing demand for membranes in carbon dioxide separation processes. On the flip side, plasticization of polymeric membranes in high-temperature applications is hindering the growth of the market.
Companies Mentioned
Key Market Trends
Carbon Dioxide Removal Application to Dominate the Market
Asia-Pacific Region to Dominate the Market
Key Topics Covered:
1 INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Demand for Membranes in Carbon Dioxide Separation Processes
4.1.2 Other Drivers
4.2 Restraints
4.2.1 Plasticization of Polymeric Membranes in High-temperature Applications
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Material Type
5.1.1 Polyimide and Polyaramide
5.1.2 Polysulfone
5.1.3 Cellulose Acetate
5.1.4 Other Material Types
5.2 Application
5.2.1 Nitrogen Generation and Oxygen Enrichment
5.2.2 Hydrogen Recovery
5.2.3 Carbon Dioxide Removal
5.2.4 Air Dehydration
5.2.5 Other Applications
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 France
5.3.3.4 Italy
5.3.3.5 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share/Ranking Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Air Liquide Advanced Separation
6.4.2 Air Products and Chemicals Inc.
6.4.3 DIC Corporation
6.4.4 FUJIFILM Manufacturing Europe BV
6.4.5 GENERON
6.4.6 Honeywell International Inc.
6.4.7 Membrane Technology and Research Inc.
6.4.8 Schlumberger Limited
6.4.9 SRI International
6.4.10 Ube Industries Ltd
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Development of Mixed Matrix Membranes
7.2 Other Opportunities
For more information about this report visit https://www.researchandmarkets.com/r/ppzits
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Project Slated to be Largest Geologic Carbon Sequestration Asset in the U.S.
LAKE CHARLES, La.--(BUSINESS WIRE)--#CCS--Gulf Coast Sequestration (GCS) today announced that the company has initiated the process for obtaining a Class VI Underground Injection Control permit from the U.S. Environmental Protection Agency (EPA) by filing a detailed technical submission to delineate its “area of review.” This is a significant step in the company’s effort to build and operate the country’s premier carbon sequestration project, which is designed to permanently store more than 80 million tons of carbon in deep geologic formations.
Once completed, the GCS “hub” is expected to be the largest geologic carbon capture sequestration (CCS) project in the U.S. and one of the largest in the world. With the capacity to sequester 2,700,000 tons of CO₂ annually, it will be equivalent to removing about 600,000 passenger vehicles from the road every year or the equivalent annual carbon avoided from 2,000 wind turbines.
The filing marks a milestone for GCS, which controls both the surface and subsurface rights for a large, contiguous landholding in southwest Louisiana. The permit application comes after years of comprehensive data collection and analysis which determined that the area’s geologic pore space is ideally suited to build and operate a world-class carbon sequestration project.
“This filing is a long time coming and an exciting moment for GCS,” said Gray Stream, President of Matilda Stream Management, Inc., the owner of GCS. “We have done our homework, and our permit application reflects our commitment to robust environmental compliance. We look forward to working with EPA to secure the approvals needed to develop, construct, and operate one of the leading carbon sequestration projects in the world.”
Located in close proximity to one of the nation’s busiest industrial corridors, GCS will partner with industrial customers to capture CO₂ and safely contain it underground. In recent years, technological developments and new federal tax credits have made it economically attractive for some industrial facilities to install CCS systems to dramatically reduce their CO₂ emissions.
“At GCS, we believe that CCS is the best way to tackle industrial greenhouse gas emissions,” said GCS principal Benjamin Heard. “By providing safe and secure storage for carbon dioxide, GCS will assist industrial customers in achieving their sustainability goals. Working together, we can help to steer the United States toward a more economically and environmentally sustainable future.”
The Intergovernmental Panel on Climate Change estimates that the costs of tackling climate change could more than double if CCS technology is not developed and widely deployed. The GCS project capitalizes on CCS’s vital – and singular – capability for reducing the emissions from existing industrial facilities.
The team behind GCS includes several of the world’s leading experts on carbon capture and sequestration who bring insight and experience on geology, petrophysics, seismic, and reservoir modeling and simulation as well as the complex legal and regulatory issues involved with a project of this size and scale.
More information about GCS is online at www.gcscarbon.com.
Caitlin Sickles
202-828-7637
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Company plans to launch new engine platform in 2024
COLUMBUS, Ind.--(BUSINESS WIRE)--Global technology and power solutions leader Cummins Inc. (NYSE: CMI), with the support of the Indiana Economic Development Corporation (IEDC), the City of Seymour, Indiana and Duke Energy (NYSE: DUK) announced plans to invest more than $25 million at its Seymour Engine Plant (SEP) over the next several years. The investment is also expected to create and retain more than 150 jobs over the next 5-10 years.
“After our significant investments into our manufacturing and tech center infrastructure over the last 10 years, our latest expansion decision will once again expand our ability to serve global markets and bring new products and technology from our high horsepower engine hub in Seymour,” said Norbert Nusterer, President, Power Systems Business Segment, Cummins Inc. “The evolving partnerships with our terrific workforce as well as the city help us build a more successful company, while in turn allowing us to contribute to stronger and more vibrant communities in and around Seymour. We are grateful to all stakeholders for the solid effort of past years on which this latest decision is built.”
The investment in upgrading existing plant infrastructure at SEP, which is Cummins’ global high-horsepower headquarters, will bring in new manufacturing capabilities, including assembly, machining and block lines as well as testing equipment. This investment will improve and refine the plant’s capabilities to prepare for the addition of a new engine platform that will be launched for global customers in 2024.
“This is exciting for our employees,” said Darren Wildman, Americas Operations Leader, Power Systems Business, Cummins Inc. “These investments ultimately mean we are going to bring to market the next generation of high-horsepower engines. A new engine platform allows us to tap even deeper into our exceptional technological, engineering and manufacturing expertise to create a game-changing product to serve more customers and expand into new markets.”
Over the past 10 years, Cummins has invested more than $350 million at its high-horsepower operations in Seymour, including a significant renovation of the plant and the addition of a cutting-edge technical center, bringing together key capabilities to enhance technological and product development. The investment has contributed to a nearly doubling of the employment at its Seymour operations, where it now has 1,100 employees.
“It’s a phenomenal day for Indiana as we celebrate yet another expansion for Cummins, which has been a driving force for Indiana’s strong advanced manufacturing sector from the very beginning,” said Indiana Secretary of Commerce Jim Schellinger. “The investment the company is making now will benefit Hoosiers for generations to come, and it’s an honor to support them as they continue finding success in Indiana.”
The IEDC offered Cummins Inc. up to $550,000 in conditional tax credits and up to $100,000 in training grants based on the company’s plans to create up to 87 new jobs by the end of 2028. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired.
“The decision by Cummins to again invest in Seymour is tremendous news,” said Seymour Mayor Matt Nicholson. “We believe our commitment to create and maintain a business-friendly environment, when combined with the workforce they are able to attract from throughout South Central Indiana, are reasons Cummins continues to invest in Seymour. Not only does this project create new jobs, but it also will retain workers which is a win-win for everyone.”
“Cummins’ investment in Seymour will have an impact beyond the company,” said Duke Energy Indiana President Stan Pinegar. “It’s an investment in the community and state. We were glad to do our part to provide incentives to help offset their energy costs.”
SEP produces natural gas and diesel engines ranging in size from 15L to 95L. These engines support the power generation, rail, marine, mining, agricultural, oil and gas, industrial, and military applications.
About Cummins Inc.
Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products range from diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, batteries, electrified power systems, hydrogen generation and fuel cell products. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 61,600 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $2.3 billion on sales of $23.6 billion in 2019. See how Cummins is powering a world that’s always on by accessing news releases and more information at https://www.cummins.com/always-on.
Jon Mills
Cummins Inc.
Phone: 317-658-4540
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SAN FRANCISCO--(BUSINESS WIRE)--Today, Project Drawdown has announced the launch of Drawdown Labs – a consortium of private sector partners working to go beyond ‘net zero’ to scale climate solutions in the world, within and outside their own operations.
Leveraging world-class research and analysis from Project Drawdown and cross-industry capabilities of participating businesses, Drawdown Labs will experiment with collaborative ways to address climate change at unprecedented scale and offer the world a more expansive vision for corporate climate leadership.
Alongside a cross-sectoral group of companies, climate-focused businesses, funders and the global design firm IDEO, Drawdown Labs will serve as a testing ground for how the private sector can go beyond a “doing less harm” approach to one that also brings their resources, influence, employees and customers in to help solve the problem. By generating learnings and tapping leverage points for outsized impact, Drawdown Labs seeks to reach far beyond the operational footprints of individual companies and offer the world powerful new ways to address the climate crisis at the urgency and scale required.
“To help build the future we need,” said Jamie Alexander, Director of Drawdown Labs, “business can no longer stop at a ‘doing less harm’ approach of gradually reducing their emissions over time. They must also look beyond their operational footprint toward how they can leverage their full resources to help build a thriving planet for all. That means bringing their reach, influence and core business model to bear, and inviting the passion and skills of their workforce, from every part of the business, to contribute.”
Dr. Jonathan Foley, Project Drawdown: “I am proud that Project Drawdown is launching this initiative and asking businesses to step up to a much higher standard for climate leadership. To be a leader in the 21st century, it is no longer enough to do 'less harm' over time; we need businesses to look far beyond reducing their own operational footprint and commit to achieving bigger emissions reductions in the broader world. Leading businesses can help shape the larger world around them, working with communities, customers, employees, and the rest of society, bringing new tools to bear in addressing climate change.”
Joey Zwillinger, Allbirds: “While putting a price on carbon through coordinated public policy efforts is essential, we can no longer afford to wait for governments to act – let alone wait for the 'perfect' solution to climate change. Business has to be better, and we must act now. The private sector should hold itself accountable for the pollution it emits, and in so doing, will create an incentive structure that rewards low-carbon innovation to bring emissions down over time. I believe in a future where companies and even entire industries will remove more carbon from the atmosphere than they produce, but we can't get there without strong and immediate action from the private sector.”
Andrew Savage, Lime: “Addressing climate change is the issue of our time. It will take harnessing the collective muscle of government, the public, and of course business to tackle this crisis head-on. And when we do, we'll have a healthier and more prosperous future.”
Scott Tew, Trane Technologies: “Our planet is in need of strong leadership and bold action to mitigate climate change. At Trane Technologies, sustainability is core to who we are and is central to our strategy, how we operate, and how we serve our customers and community. Our 2030 Sustainability Commitments are leading us into the future as we aim to achieve carbon neutrality in our own operations, achieve a 10% absolute energy reduction, reduce our customers’ carbon emissions by one gigaton, and more. There is more work to do and it’s crucial that we continue innovating and leveraging the power of collaborative groups like Drawdown Labs to advance the pathways that will make a measurable impact.”
Joanne Cheung, IDEO: “Our planet's climate challenge demands organizations work together in new ways to discover, design, and launch solutions. We’re thrilled to be collaborating with Project Drawdown to design Drawdown Labs, and work with the wonderful group of partner organizations to radically accelerate our collective commitments and progress addressing climate change.”
Danielle Jezienicki, Grove Collaborative: “Grove Collaborative is thrilled to partner with Drawdown Labs to scale our ambition to propel the CPG industry towards plastic-free solutions. Grove exists to make household essentials a force for positive impact, but this is not a journey we hope to take on our own. Partnering with like-minded organizations such as Project Drawdown showcases the potential for business to regenerate and protect planetary resources, rather than continue on a path of destruction and depletion."
Sean Kinghorn, Intuit: “Intuit is honored to be the founding member of Drawdown Labs. Companies must stop focusing on only reducing their own emissions, and look outside their four walls to have a positive impact in the broader world if we are ever going to slow down, and eventually, reverse climate change. Intuit is proud to have the opportunity to collaborate with other forward-thinking companies and accelerate climate solutions around the globe.”
Kate Brandt, Google: “Google is committed to taking ambitious climate action in our own operations, while also helping to move the world closer to a carbon-free future through our technology. We’re proud to support Drawdown Labs and to join this coalition of companies. Together, we can work toward a more sustainable future for everyone.”
Rebekah Moses, Impossible Foods: “Each consumer, every day, has the ability to help halt and even reverse climate change. Yet, very few people know about how incredibly powerful their food choices are for averting climate disaster and for saving rapidly collapsing wildlife populations. Impossible Foods is providing a plant-based toolkit for every-day individual action, and is partnering with Project Drawdown to lift awareness, to collaborate across industry, and to protect the best planet we have (and by extension, ourselves).”
About Project Drawdown
The World’s Leading Resource for Climate Solutions
The mission of Project Drawdown is to help the world reach “Drawdown”— the point in the future when levels of greenhouse gases in the atmosphere stop climbing and start to steadily decline, thereby stopping catastrophic climate change — as quickly, safely, and equitably as possible.
Since the 2017 publication of the New York Times bestseller, Drawdown, the organization has emerged as a leading resource for information and insight about climate solutions. We continue to develop that resource by conducting rigorous review and assessment of climate solutions, creating compelling and human communication across mediums, and partnering with efforts to accelerate climate solutions globally.
Jamie Alexander 202-657-1770 This email address is being protected from spambots. You need JavaScript enabled to view it. | @jabeckx
TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) plans to announce its third-quarter 2020 financial results after the market closes on Monday, Nov. 2, 2020. The company’s third-quarter 2020 earnings conference call and webcast with analysts and investors is scheduled for Tuesday, Nov. 3, 2020, at 9:30 a.m. Eastern Time (8:30 a.m. Central Time). A limited number of phone lines will be available at (833) 350-1330. International callers should dial (778) 560-2598. The conference ID is 5398490.
A webcast link to the conference call will be provided on Williams’ website. A replay of the webcast will be available on the website for at least 90 days following the event.
About Williams
Williams (NYSE: WMB) is committed to being the leader in providing infrastructure that safely delivers natural gas products to reliably fuel the clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation and storage of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. Williams owns and operates more than 30,000 miles of pipelines system wide – including Transco, the nation’s largest volume and fastest growing pipeline – and handles approximately 30 percent of the natural gas in the United States that is used every day for clean-power generation, heating and industrial use. www.williams.com
Portions of this document may constitute “forward-looking statements” as defined by federal law. Although the company believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the “safe harbor” protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in the company’s annual and quarterly reports filed with the Securities and Exchange Commission.
MEDIA:
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(800) 945-8723
INVESTOR CONTACT:
Danilo Juvane
(918) 573-5075
EDISON, N.J.--(BUSINESS WIRE)--Eos Energy Storage LLC (“Eos”), a leading manufacturer of safe, low-cost and long-duration zinc battery storage systems, today announced that it has entered into an agreement with Babcock & Wilcox (“B&W”) (NYSE: BW) to be the exclusive battery supplier for B&W’s global customer base of industrial, utility and power companies. The agreement will also enable Eos to leverage B&W’s global experience as a leader in providing renewable energy and environmental technologies, services and solutions to utility and industrial customers.
As previously announced, B. Riley Principal Merger Corp. II (“BMRG”), a publicly traded special purpose acquisition company, and Eos have entered into a definitive merger agreement for a business combination that would result in Eos becoming a publicly listed company. Upon closing of the transaction, the combined company will be renamed Eos Energy Enterprises, Inc. (“Eos Energy”) and intends to list its shares of common stock on Nasdaq under the ticker symbol “EOSE”.
B&W will market, sell and service Eos’ signature product, the Znyth® zinc battery system, which is optimized for the critical longer duration stationary storage market and ideal for grid congestion and renewable power applications. Under the agreement, B&W subsidiary Babcock & Wilcox Construction Co., LLC, will be Eos’ exclusive preferred installation provider for the technology in the United States and Canada.
Eos’ system is unique for its ability to withstand extreme temperatures, its scalable design made with five core commodity materials widely available, and its fully recyclable nature. In addition to the environmental and technological benefits, the Znyth® zinc battery system is also a cost-effective energy storage solution, with a 15-year to 30-year life and minimal installation and maintenance costs. These are among the many qualities that differentiate Eos’ zinc-based batteries from the lithium-ion alternative.
“Our partnership with B&W enables us to reach new customers who will benefit from Eos’ industry-disrupting technology,” said Joe Mastrangelo, Chief Executive Officer of Eos. “Our zinc battery storage systems offer a viable alternative to lithium-ion—they are non-flammable, built with non-rare earth materials and manufactured right here in the United States. Combining Eos’ design and technology with B&W’s construction and service capabilities will ensure that our global customer base has a superior energy storage solution for the long term.”
“The Zynth® zinc battery system has the potential to be a real game-changer, offering proven energy storage capabilities and improved safety performance over lithium-ion batteries,” said Kenny Young, Chairman and Chief Executive Officer of B&W. “Coupling it with B&W’s strong reputation with utility and industrial customers worldwide, our construction and plant maintenance capabilities, and our experienced global sales team is an exciting development for both of our companies.”
Additional Information about the Business Combination
In connection with the business combination, BMRG has filed a preliminary proxy statement with the United States Securities and Exchange Commission (“SEC”). BMRG stockholders and other interested persons are advised to read, when available, the preliminary proxy statement and any amendments thereto and, once available, the definitive proxy statement, in connection with BMRG’s solicitation of proxies for the meeting of stockholders to be held to approve, among other things, the proposed business combination, because the proxy statement will contain important information about BMRG, Eos and the proposed business combination. When available, the definitive proxy statement will be mailed to BMRG stockholders as of a record date to be established for voting on the proposed business combination. Stockholders will also be able to obtain copies of the proxy statement, without charge, once available, at the SEC’s website at www.sec.gov. Copies of the documents filed with the SEC by BMRG when and if available, can be obtained free of charge by directing a written request to B. Riley Principal Merger Corp. II, 299 Park Avenue, 21st Floor, New York, New York 10171 or by telephone at (212) 457-3300.
About Eos Energy Storage LLC
At Eos, we are on a mission to accelerate clean energy by deploying stationary storage solutions that can help deliver the reliable and cost-competitive power that the market expects in a safe and environmentally sustainable way. Eos has been pursuing this opportunity since 2008 when it was founded. Eos has more than 10 years of experience in battery storage testing, development, deployment, and operation. The Eos Aurora® system integrates Eos’ aqueous, Znyth® technology to provide a safe, scalable, and sustainable alternative to lithium-ion. https://eosenergystorage.com
About B. Riley Principal Merger Corp. II
BMRG was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
About Babcock & Wilcox
Headquartered in Akron, Ohio, B&W is a global leader in energy and environmental technologies and services for the power and industrial markets. Follow B&W on LinkedIn and learn more at www.babcock.com.
For Eos Energy Storage LLC
Investors
Ed Yuen
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Media
Balki G. Iyer
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MELBOURNE, Australia--(BUSINESS WIRE)--IFM Investors has committed to reducing greenhouse gas emissions across its asset classes targeting net zero by 2050, following a landmark decision by the pension fund-owned fund manager.
The commitment aligns with the goals of the Paris Agreement to limit global temperature rises and is an extension of action already being taken at IFM’s infrastructure assets to reduce emissions through investment in renewable energy and other carbon reduction initiatives.
IFM Investors has established a multi-disciplinary taskforce to support the commitment, spearheaded by its investment team. It will establish clear frameworks and policies to guide and support sustainable decision-making processes that are designed to mitigate climate change risk exposure and help meet the net zero by 2050 target.
The taskforce will consider the following:
IFM Investors Chief Executive David Neal said today that the firm was committed to reducing the carbon impact of its investments.
“This is a natural step and an important one if IFM is to continue delivering on its purpose to protect and grow the long-term retirement savings of working people.”
“The investment horizon of IFM and our investors is often measured in decades, not years, and it’s vital that we actively manage the risks posed by climate change.”
“The actions we take will help ensure we continue to deliver long-term risk-adjusted returns for our investors and their members and beneficiaries.”
IFM is already implementing strategies to reduce carbon emissions across its infrastructure portfolio companies, including:
As part of this commitment, IFM Investors itself will become a net zero organisation.
About IFM Investors:
IFM Investors is an investor-owned global fund manager with A$159 billion under management as of 30 June 2020. Established more than 20 years ago and owned by 27 major pension funds, IFM Investors’ interests are deeply aligned with those of its investors. Investment teams in Europe, North America, Australia and Asia manage institutional strategies across infrastructure (equity and debt), debt investments, listed equities and private capital. IFM Investors is committed to the United Nations supported Principles for Responsible Investment and has been a signatory since 2008. IFM Investors has offices in nine locations; Melbourne, Sydney, New York, London, Berlin, Tokyo, Hong Kong, Seoul and Zurich. For more information please visit www.ifminvestors.com
Kristin Cole
Prosek Partners
+1 310 652 1411
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● “Industrial Superheroes” take center stage as global companies deploy mission-critical software to tackle day-to-day business and plan for the future
● GE Digital prepares to welcome GE Aviation Digital to the team with analytics solutions aligned to the company’s mission
● More than 20 Power Generation, Oil & Gas, Grid Utility, Manufacturing, and Aviation customers share Digital Transformation stories
SAN RAMON, Calif.--(BUSINESS WIRE)--#GEDUC20--GE Digital today begins a three-day virtual User Conference featuring stories of companies in multiple industries on their path to digital transformation: enabling more renewable energy on the grid; reducing emissions; increasing plant productivity; adapting to demand, and keeping their teams safe. The conference will feature sessions from GE Digital executives, partners, and customers.
“We have had a year of unprecedented challenges, in our personal lives, in our communities, and in our industries,” said Pat Byrne, GE Digital CEO. “The determination and commitment companies around the world have mustered is unmatched in modern business. How we exercise leadership through uncertain times matters even more than how we lead when times are good. It’s heroic and it’s important. Successful leaders are resilient, they create competitive advantage by streamlining their systems and processes, and by building sustained capabilities within their organizations. With this conference, we are recognizing those leaders as ‘Industrial Superheroes.’”
Participating in the User Conference and joining GE Digital will be GE Aviation’s Digital team. They plan to align their Software as a Service (SaaS) business with GE Digital later this year. “This team brings deep domain knowledge in aviation and flight analytics to GE Digital with data-driven insights for commercial airlines, business jet operators, and military to reduce operational costs, empower crew, and improve passenger experience,” continued Byrne. “This connects well to our GE Digital purpose: Transforming how industry solves its toughest challenges by putting industrial data to work.”
Through the theme of “From Resilience to Innovation,” GE Digital highlights the challenges faced by “Industrial Superheroes,” most notably the urgent need for digital tools coupled with the concern that custom software is expensive and too slow to implement. Additional challenges include the struggle to make data actionable when organizations and data are siloed and the need to quickly and continually demonstrate the value of a software investment.
In each of the industries GE Digital serves, solutions are designed and delivered to help customers manage these shifting realities. Digital transformation is accelerating – and to meet the needs of companies on their digital journey, GE Digital has introduced 17 new products this year, all designed to meet current and future challenges head on, in partnership with customers, leaning into proven technology while continually innovating – at unparalleled speed and scale.
In conjunction with the User Conference, GE Digital introduces four new products: Visual Intelligence for Electric Utilities, Remote Operations and Operations Performance Management solutions for the Power Generation industry, and upgrades to industry-leading Digital Plant solutions Proficy Operations Hub, iFIX HMI/SCADA, Proficy Historian, and Proficy Plant Applications.
“Where organizations are on their digital transformation journey varies,” said Colin Parris, GE Digital CTO, “but all share the common goal of making our businesses smarter, leaner, and more profitable. We can create new technologies, we can build powerful solutions and scale them like never before, but if there’s no clear path to value, no clear return on investment, all we’re building are barriers. This is especially true in the world of industrial IoT, where innovation is often seen more as evolution than revolution.”
The concept of Software is Mission Critical will also be addressed in a presentation by Parris entitled, “The Future of Digital.” Parris will discuss digital twins, technology that GE Digital has delivered for more than 20 years, providing real value to customers through reduced operations and maintenance costs, as well as avoided downtime. He will also talk about new AI / ML initiatives like Humble AI, Digital Ghosts, and “Twins that Talk.”
The Conference will feature industry tracks with sessions including lean and continuous improvement, Enabling Renewables and Distributed Resources, Ensuring Plant Continuity and Worker Safety During COVID-19, and Regaining Passenger Trust and Confidence Through Blockchain Technology. There will also be industry-focused roundtables moderated by business executives. In addition, attendees will be able to attend product demonstrations and participate in live Q&A sessions with subject matter experts.
“Our 1000+ dedicated software engineers, plus 4,000 professional services, managed services, and support staff are industrial experts,” concluded Byrne. “We know how to build the right products, implement flawlessly, and guide our customers to success. Our unparalleled expertise, exceptional software, global presence, and scalability lets us embed with customers, anywhere in the world. This User Conference demonstrates our commitment to those customers, helping them navigate this changing world and take advantage of the future with Digital Transformation.”
More information about GE Digital, solutions, and technology can be found here.
About GE Digital
GE Digital is transforming how industry solves its toughest challenges. GE Digital’s mission is to bring simplicity, speed and scale to its customers’ digital transformation activities, with software that helps them to better operate, analyze, and optimize their business processes. GE Digital’s product portfolio – including grid optimization and analytics, asset and operations performance management, and manufacturing operations and automation – helps industrial companies in the utility, power generation, oil & gas and manufacturing sectors put their industrial data to work. For more information, visit www.ge.com/digital.
Media:
Ellie Holman
GE Digital
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DALLAS--(BUSINESS WIRE)--Kosmos Energy (NYSE: KOS) (LSE: KOS) announced today the following schedule for its third quarter 2020 results:
Dial-in telephone numbers:
Toll Free: 1-877-407-3982
Toll/International: 1-201-493-6780
UK Toll Free: 0800 756 3429
Webcast:
investors.kosmosenergy.com
About Kosmos Energy
Kosmos is a full-cycle deepwater independent oil and gas exploration and production company focused along the Atlantic Margins. Our key assets include production offshore Ghana, Equatorial Guinea and U.S. Gulf of Mexico, as well as a world-class gas development offshore Mauritania and Senegal. Kosmos is listed on the New York Stock Exchange and London Stock Exchange and is traded under the ticker symbol KOS. As an ethical and transparent company, Kosmos is committed to doing things the right way. The Company’s Business Principles articulate our commitment to transparency, ethics, human rights, safety and the environment. Read more about this commitment in our Corporate Responsibility Report. For additional information, visit www.kosmosenergy.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Kosmos expects, believes or anticipates will or may occur in the future are forward-looking statements. Kosmos’ estimates and forward-looking statements are mainly based on its current expectations and estimates of future events and trends, which affect or may affect its businesses and operations. Although Kosmos believes that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made in light of information currently available to Kosmos. When used in this press release, the words “anticipate,” “believe,” “intend,” “expect,” “plan,” “will” or other similar words are intended to identify forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Kosmos, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Further information on such assumptions, risks and uncertainties is available in Kosmos’ Securities and Exchange Commission (“SEC”) filings. Kosmos undertakes no obligation and does not intend to update or correct these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by applicable law. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.
Investor Relations
Jamie Buckland
+44 (0) 203 954 2831
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Media Relations
Thomas Golembeski
+1-214-445-9674
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The global Digital Revolution Awards will recognize and celebrate excellence across major cloud technology ecosystems
NEW YORK--(BUSINESS WIRE)--Nominations are now open for the first-ever Digital Revolution Awards. This new ceremony aims to recognize and celebrate the very best individuals and businesses in the global cloud ecosystem.
With digital transformation more crucial than ever, the Digital Revolution Awards seeks to showcase the outstanding work being done across the cloud industry and commend those making a difference to the way we work, the way we live, and the way we build our future through cloud technology.
As well as acknowledging the fantastic work being done to drive cloud innovation, the awards will also recognize efforts to make the cloud industry a more diverse and inclusive place, where in partnership with leading organizations across the cloud space, the Digital Revolution Awards recognize achievement in the following categories:
Tech Star of the Year |
Most Inclusive And Diverse Board of the Year |
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Outstanding Leadership Award, CEO |
Rapid Business Innovation Champion |
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Outstanding Leadership Award, CIO |
Excellence in Learning and Development Award |
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Outstanding Leadership Award, CTO |
Outstanding Contribution to Vendor Ecosystem |
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Tech for Good Award |
Digital Transformation Project Of The Year |
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Business Pioneer of the Year |
Fast Growth Business Partner of the Year |
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Diversity and Inclusion Employer of the Year — Business |
Cloud Technology Product of the Year |
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Diversity and Inclusion Employer of the Year — Partner |
Cloud Technology Deal of the Year |
Nominations close on December 4th 2020. Finalists will be announced on January 6th 2021, with winners revealed in a virtual awards ceremony on February 25th 2021. Nominations are open to the public; anyone may submit a nomination either for themselves or their own business or on behalf someone else.
A panel of independent, cloud expert judges will review each nomination and score each finalist individually. The judging panel will be announced shortly. Winners will be recognized industry-wide for their achievements, and will also receive a bottle of champagne and a commemorative plaque.
"We are thrilled to be working alongside our trusted partners to deliver the Digital Revolution Awards," said Kashif Naqshbandi, CMO at cloud talent solutions firm and awards organizer Tenth Revolution Group.
"Working in the cloud space, we witness first-hand the fantastic work being done by so many outstanding businesses and by exceptional cloud professionals. It's been a tough year for everyone, so we're excited to co-host an event that will show our appreciation for our peers and hopefully give everyone a reason to celebrate.
"We're passionate about championing the transformative work being done in the cloud ecosystem, so it's fantastic to be working with the cream of the cloud industry crop. We're looking forward to celebrating alongside them—albeit virtually—as we recognize the tremendous talent all around us."
Nominations can be submitted online here.
ABOUT THE DIGITAL REVOLUTION AWARDS
Founded in 2020, the Digital Revolution Awards recognizes and celebrates the very best individuals and businesses in the cloud ecosystem.
Our mission is to lift up the innovators, the pioneers, the glass-ceiling breakers, and those who are enabling and empowering the world to achieve more.
With digital transformation more crucial than ever, we want to showcase the outstanding work being done in the industry, and commend those making a difference not only to the way we live and work today, but also to how we use cloud technology to build our tomorrow.
Josie Middleton
T: +44 (0)191 338 7553
E: This email address is being protected from spambots. You need JavaScript enabled to view it.
W: www.digitalrevolutionawards.com
SPRING, Texas--(BUSINESS WIRE)--Southwestern Energy Company (NYSE: SWN) today announced it will host a conference call and live audio webcast on October 30, 2020 to discuss third quarter 2020 financial and operating results. The Company plans to release results on October 29, 2020 after market close, which will be available on SWN’s website at www.swn.com.
Date: |
October 30, 2020 |
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Time: |
9:30 a.m. CT |
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Webcast: |
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US/Canada: |
877-883-0383 |
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International: |
412-902-6506 |
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Access code: |
7104794 |
A replay of the call will also be available until November 30, 2020 at 877-344-7529, International 412-317-0088, or Canada Toll Free 855-669-9658, access code 10148744.
Southwestern Energy Company is an independent energy company engaged in natural gas, natural gas liquids and oil exploration, development, production and marketing. For additional information, visit our website www.swn.com
Investor Contacts
Brittany Raiford
Director, Investor Relations
(832) 796-7906
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Bernadette Butler
Investor Relations Advisor
(832) 796-6079
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HALIFAX, Nova Scotia--(BUSINESS WIRE)--Today Emera (TSX: EMA) announced that it will release its Q3 2020 results on Friday, November 13, 2020, before markets open. The Company will host a teleconference and webcast the same day at 9:30 a.m. Atlantic (8:30 a.m. Eastern) to discuss the results.
Analysts and other interested parties in North America are invited to participate by dialing 1-866-521-4909. International parties are invited to participate by dialing 1-647-427-2311. Participants should dial in at least 10 minutes prior to the start of the call. No pass code is required.
A live and archived audio webcast of the teleconference will be available on the Company's website, www.emera.com. A replay of the teleconference will be available two hours after the conclusion of the call by dialing 1-800-585-8367 and entering pass code 6936268.
About Emera Inc.
Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, with approximately $32 billion in assets and 2019 revenues of more than $6.1 billion. The company primarily invests in regulated electricity generation and electricity and gas transmission and distribution with a strategic focus on transformation from high carbon to low carbon energy sources. Emera has investments throughout North America, and in four Caribbean countries. Emera’s common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, EMA.PR.F and EMA.PR.H. Depositary receipts representing common shares of Emera are listed on the Barbados Stock Exchange under the symbol EMABDR and on The Bahamas International Securities Exchange under the symbol EMAB. Additional Information can be accessed at www.emera.com or at www.sedar.com.
Emera Inc.
Investor Relations:
Scott Hastings, 902-474-4787
This email address is being protected from spambots. You need JavaScript enabled to view it.
Media:
902-222-2683
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LONDON--(BUSINESS WIRE)--#GlobalWindTurbineGeneratorMarket--The global Wind power market is expected to grow at a CAGR of almost 4% during 2020-2024, according to the latest market research report by Technavio. The report provides a detailed analysis on the impact and new opportunities created by the COVID-19 pandemic. The report also helps clients keep up with new product launches in direct & indirect COVID-19 related markets.
Learn more about how COVID-19 is impacting the wind power market - Request a free sample report
The depletion of conventional energy sources and rising GHG emissions are fueling the adoption of renewable energy sources across the world. Wind is one of the most abundant and efficient sources of power generation. In 2018, China added a wind capacity of 23,000 MW. Countries such as Denmark, Spain, Germany, and the UK produce more than 10% of their power from wind energy. The growing use of wind energy is increasing the demand for wind turbine generators, which is driving the growth of the global wind power market.
Wind Power Market: COVID-19 Impact Analysis on Related Markets
Global Wind Turbine Brakes Market 2020-2024
Global Wind Turbine Bearing Market 2020-2024
Global Wind Turbine Gearbox Market 2020-2024
Wind Power Market: COVID-19 Impact Analysis on Parent Market
The global renewable electricity market is the parent market of the wind power market. Within its scope, the renewable electricity market covers companies engaged in the generation and distribution of electricity using renewable sources. Our report on the wind power market offers a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as analysis on several large and small vendors active in the market including GENERAL ELECTRIC, Nexans, Prysmian Group, SIEMENS GAMESA RENEWABLE ENERGY, Vestas, and Xinjiang Goldwind Science & Technology.
Technavio’s research report on the wind power market identifies the key drivers, trends, challenges, and the market scenario over the forecast period. The report also analyzes the impact of these factors on the overall renewable electricity market.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
Wind Power Market: Segmentation Analysis
The global wind power market has been analyzed across various segments to identify market dynamics, developments, and key growth areas during the forecast period. The report also offers insights on high growth regions and opportunities for vendors operating in each sub-segment of the wind power market. The market is segmented as follows:
Source
End-user
Geography
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Vendor Landscape
Technavio’s industry coverage utilizes various sources and tools to gather information about multiple stakeholders and their offerings toward the wind power market. Sources such as company websites, annual reports, whitepapers, subscription & in-house databases, industry journals, publications, and magazines are used in addition to other relevant sources. The vendor landscape provides a framework to estimate the renewable electricity market, while also categorizing the vendors into pure-play, category-focused, or diversified based on their offerings. All market reports provide the key and contributing players across the value chain based on in-house influence index, developed using multiple industry and market parameters.
About Technavio
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.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: https://www.technavio.com
SAN DIEGO--(BUSINESS WIRE)--#Bavaria--XENDEE Corporation and The Department of the Army have signed a contract for modeling, analysis, and design of secure and resilient Microgrid systems at US Army Garrison Bavaria’s Grafenwoehr and Hohenfels Operational Readiness Training Complexes. As part of this contract, XENDEE will develop the optimal configuration and operation of Distributed Energy Resources at both locations, including the mixture and placement of technologies, optimized energy dispatch, financial analysis, and software training for Army staff. XENDEE’s engineers will leverage their patented Microgrid design and implementation software platform which has recently been selected and awarded funding by the DoD.
“XENDEE’s integrated design platform combines site feasibility studies, a satellite image based geographical design system, technological & economic optimization, powerflow analysis, and one-line diagramming under a single entity,” said Michael Stadler, CTO of XENDEE. “This streamlines the entire process of Microgrid design and provides the flexibility to quickly test different solutions and technologies to ensure the greatest possible energy resilience, sustainability, and security.”
XENDEE’s engineers and software platform provide a valuable resource in the Army's efforts to establish strong energy resilience at US Army Garrison Bavaria. The further promulgation of dependable and resilient Microgrids at these facilities will improve energy security as well as decrease dependency on local utility services and foreign energy resources, enhance outage resilience, and leverage renewable resources to meet Department of Defense sustainability goals.
A sample of past projects for XENDEE Corporation includes the conceptual and techno-economic modeling of Microgrids at Hanscom Air Force Base, Boston Logan Airport, and The US Navy Expeditionary Warfare Center, to name a few. XENDEE software has also been specifically enhanced to meet the needs of the US Army through awards and funding from the Department of Defense’s ESTCP program and the United States Federal Aviation Administration.
About XENDEE: XENDEE develops world-class Microgrid decision support software that helps designers and investors optimize and certify the Fight-Through™ resilience and financial performance of projects with confidence. The XENDEE Microgrid platform enables a broad audience, from business decision makers to scientists, with the objective of supporting investments in Microgrids and maintaining electric power reliability when integrating sources of renewable generation.
XENDEE Press Contact:
Jay Gadbois
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An estimated 50,000 customers who might be affected by the Public Safety Power Shutoff are receiving the initial notifications today, two days ahead of the potential event
SAN FRANCISCO--(BUSINESS WIRE)--Pacific Gas and Electric Company (PG&E) has notified customers in targeted portions of 21 counties about a potential Public Safety Power Shutoff (PSPS) as early as Wednesday afternoon. 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 Wednesday evening. High winds are currently expected to subside Thursday morning in some locations and Friday morning in other locations. 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 as quickly as possible, with the goal of restoring most customers within 12 daylight hours, based on current weather conditions.
While there is still uncertainty regarding the strength and timing of this weather wind event, the shutoff is forecasted to affect approximately 50,000 customers in targeted portions of 21 counties, including Alameda, Amador, Butte, Calaveras, Contra Costa, El Dorado, Lake, Monterey, Napa, Nevada, Placer, Plumas, San Mateo, Santa Clara, Santa Cruz, Shasta, Sierra, Solano, Sonoma, Tehama and Yuba.
The highest probability areas for this PSPS are the Northern Sierra Nevada foothills; the mid and higher elevations in the Sierra generally north of Yosemite; the North Bay mountains near Mt. St. Helena; small pockets in the East Bay near Mt. Diablo; the Oakland Hills east of Piedmont; the elevated terrain east of Milpitas around the Calaveras Reservoir; and portions of the Santa Cruz and Big Sur mountains. This is not expected to be a widespread event in the Bay Area at this time.
Potential Public Safety Power Shutoff: What People Should Know
The potential PSPS event is still two days away. PG&E in-house meteorologists as well as staff in its Wildfire Safety Operation Center and Emergency Operation Center will continue to monitor conditions closely, 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, approximately two days prior to the potential shutoff. 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.
Potentially Affected Customers
Here is a list of customers by county who could be potentially affected by this PSPS event.
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 PG&E’s 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 over the last 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 timely information 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. 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 for restoration. These notifications will be provided two days before the power goes out. Last year, the estimated time of restoration was not provided until after 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.
Due to better weather technology and mitigation efforts such as sectionalizing devices and temporary generation, the Sept. 7-10 PSPS event affected 54% 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) to support our customers.. 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. CRC format 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.
Media Relations:
415-973-5930
FERGUS FALLS, Minn.--(BUSINESS WIRE)--Otter Tail Corporation will issue a news release announcing third quarter 2020 earnings results after market close on Monday, November 2, 2020 and will host a live conference call and webcast on Tuesday, November 3, 2020 at 10:00 a.m. CT to discuss the corporation’s financial and operating performance.
Accompanying slides will be posted on the corporation’s website before the webcast begins. To access the live webcast, go to www.ottertail.com/presentations and select “Webcast.” Please allow time prior to the call to visit the site and download any software required to listen. A copy of the webcast will be available on the corporation’s website shortly after the call.
Dial 877-312-8789 to be able to ask a question during the conference call, or dial 866-634-1342 to listen only. Please contact Loren Hanson at 218-739-8481 or This email address is being protected from spambots. You need JavaScript enabled to view it. with any questions on how to participate.
About Otter Tail Corporation: Otter Tail Corporation has interests in diversified operations that include an electric utility and manufacturing businesses. Otter Tail Corporation stock trades on the NASDAQ Global Select Market under the symbol OTTR. The latest investor and corporate information is available at www.ottertail.com. Corporate offices are located in Fergus Falls, Minnesota, and Fargo, North Dakota.
Loren Hanson, 218-739-8481
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ABU DHABI--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, today provides an update on its plans to launch ICE Futures Abu Dhabi (IFAD) and the world’s first futures contracts based on Murban crude oil.
Subject to the completion of regulatory approvals, ICE plans to launch IFAD and trading in Murban futures contracts late in the first quarter of 2021. A more specific date for the launch of trading will be announced in due course.
In November 2019, ICE announced its plans to launch IFAD, with the Abu Dhabi National Oil Company and nine of the world’s largest energy traders partnering with ICE on the launch.
ICE Murban Futures will be a physically delivered contract with delivery at Fujairah in the United Arab Emirates (UAE) on a free on board (FOB) basis. ICE Murban Futures will be complemented with a range of cash settled derivatives which IFAD plan to launch for day one of trading. The full list of contracts are listed here and include:
• Crude Outright - Murban Singapore Marker 1st Line Future Contract;
• Crude Outright - Murban Singapore Marker 1st Line Balmo Future Contract;
• Crude Outright - Murban 1st Line Future Contract;
• Crude Outright - Murban 1st Line Balmo Future Contract;
• Crude Diff - Murban Singapore Marker 1st Line vs Brent Singapore Marker 1st Line Future Contract;
• Crude Diff - Murban Singapore Marker 1st Line vs Brent Singapore Marker 1st Line Balmo Future Contract;
• Crude Diff - Murban 1st Line vs Brent 1st Line Future Contract;
• Crude Diff - Murban 1st Line vs Brent 1st Line Balmo Future Contract;
• Crude Diff - Murban Singapore Marker 1st Line vs Brent 1st Line Future Contract;
• Crude Diff - Murban Singapore Marker 1st Line vs Brent 1st Line Balmo Future Contract;
• Crude Diff - Murban 1st Line vs WTI 1st Line Future Contract;
• Crude Diff - Murban 1st Line vs WTI 1st Line Balmo Future Contract;
• Crude Diff - Murban 1st Line vs Dated Brent (Platts) Future Contract;
• Crude Diff - Murban 1st Line vs Dated Brent (Platts) Balmo Future Contract;
• Gasoil Crack - Singapore Gasoil (Platts) vs Murban 1st Line Future Contract;
• Fuel Oil Crack - Fuel Oil 380 CST Singapore (Platts) vs Murban 1st Line Future Contract;
• Gasoline Crack - Singapore Mogas 92 Unleaded (Platts) vs Murban 1st Line Future Contract;
• Naphtha Crack - Naphtha C+F Japan (Platts) vs Murban 1st Line Future Contract (in Bbls).
Contracts traded at IFAD will be cleared at ICE Clear Europe, a leading energy clearing house, and will clear alongside the most significant global oil benchmarks - ICE Brent, ICE WTI, ICE (Platts) Dubai and ICE Low Sulphur Gasoil - allowing customers to benefit from associated margin offsets and delivering meaningful capital efficiencies.
About Intercontinental Exchange
Intercontinental Exchange (NYSE: ICE) is a Fortune 500 company formed in the year 2000 to modernize markets. ICE serves customers by operating the exchanges, clearing houses and information services they rely upon to invest, trade and manage risk across global financial and commodity markets. A leader in market data, ICE Data Services serves the information and connectivity needs across virtually all asset classes. As the parent company of the New York Stock Exchange, the company is the premier venue for raising capital in the world, driving economic growth and transforming markets.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at http://www.intercontinentalexchange.com/terms-of-use. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2019, as filed with the SEC on February 6, 2020.
Source: Intercontinental Exchange
ICE-CORP
ICE Media Contact
Rebecca Mitchell
+44 7951 057351
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ICE Investor Contact:
Warren Gardiner
770-835-0114
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HOPATCONG, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) CEO Steve Westhoven and Hopatcong Mayor Michael Francis to join with local leaders to host a ribbon-cutting on October 15, 2020, at 10 a.m., to celebrate the completion of a new commercial solar project located at the capped municipal landfill. Built, operated and maintained by NJR Clean Energy Ventures, a subsidiary of NJR, the solar array is expected to produce 1.5 megawatts (MW) of clean energy to be sold to the wholesale electric market.
WHAT:
Ribbon-cutting to celebrate the completion of a new 1.5 MW solar facility.
WHEN:
Thursday, October 15, 2020, at 10 a.m.
WHERE:
Hopatcong Municipal Landfill
400 Durban Avenue
Hopatcong, NJ 07843
(Next to the Hopatcong Animal Shelter located at the corner of Durban Ave. and Flora Ave.)
SPEAKERS:
Steve Westhoven, President and CEO, New Jersey Resources
Michael Francis, Mayor, Borough of Hopatcong
and Others
Forward-Looking Statements
Certain statements within this release are forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. NJR cautions readers that the assumptions forming the basis for forward-looking statements include many factors that are beyond NJR’s ability to control or estimate precisely, such as estimates of future market conditions and the behavior of other market participants. Words such as “anticipates,” “estimates,” “expects,” “projects,” “may,” “will,” “intends,” “plans,” “believes,” “should” and similar expressions may identify forward-looking statements and such forward-looking statements are made based upon management’s current expectations, assumptions and beliefs as of this date concerning future developments and their potential effect upon NJR. There can be no assurance that future developments will be in accordance with management’s expectations, assumptions and beliefs or that the effect of future developments on NJR will be those anticipated by management. Forward-looking statements in this release include, but are not limited to, certain statements regarding the Hopatcong solar facility.
Additional information and factors that could cause actual results to differ materially from NJR’s expectations are contained in NJR’s filings with the U.S. Securities and Exchange Commission (“SEC”), including NJR’s Annual Reports on Form 10-K and subsequent Quarterly Reports on Form 10-Q, recent Current Reports on Form 8-K, and other SEC filings, which are available at the SEC’s web site, http://www.sec.gov. Information included in this release is representative as of today only and while NJR periodically reassesses material trends and uncertainties affecting NJR’s results of operations and financial condition in connection with its preparation of management’s discussion and analysis of results of operations and financial condition contained in its Quarterly and Annual Reports filed with the SEC, NJR does not, by including this statement, assume any obligation to review or revise any particular forward-looking statement referenced herein in light of future events.
About New Jersey Resources
New Jersey Resources (NYSE: NJR) is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. NJR is composed of five primary businesses:
NJR and its more than 1,100 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve® and initiatives such as The SAVEGREEN Project® and The Sunlight Advantage®. For more information about NJR: www.njresources.com.
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Investor:
Dennis Puma
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DUBLIN--(BUSINESS WIRE)--The "Shale-Gas Hydraulic Fracturing Market - Growth, Trends, and Forecasts (2020-2025)" report has been added to ResearchAndMarkets.com's offering.
The shale gas production for the US has witnessed a growth rate of approximately 1.26% during the period of 2017-2018.
The global market for shale gas hydraulic fracturing is greatly influenced by the increasing demand for gas. Also, the depleting resources of conventional oil and gas reserves have shifted the focus towards unconventional reserves, and this is expected to have a positive bearing on the global shale gas hydraulic fracturing market. However, the environmental impact these processes have for groundwater and others is expected to pose a challenge.
Companies Mentioned
Key Market Trends
Horizontal and Directional Well Type to Witness a Significant Growth
North America to Dominate the Market
Competitive Landscape
The global shale gas hydraulic fracturing market is fragmented. The major companies include Chevron Corporation, Exxon Mobil, Sinopec Ltd., Marathon Oil, and Royal Dutch Shell Plc.
Reasons to Purchase this report:
Key Topics Covered:
1 INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
1.4 Research Phases
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD million, till 2025
4.3 Crude Oil Historic Trend and Production Forecast, till 2025
4.4 Brent Crude Oil and Henry Hub Spot Prices Forecast, till 2025
4.5 Natural Gas Historic Trend and Production Forecast, till 2025
4.6 Key Projects Information
4.7 Recent Trends and Developments
4.8 Government Policies and Regulations
4.9 Market Dynamics
4.9.1 Drivers
4.9.2 Restraints
4.10 Supply Chain Analysis
4.11 Porter's Five Forces Analysis
4.11.1 Bargaining Power of Suppliers
4.11.2 Bargaining Power of Consumers
4.11.3 Threat of New Entrants
4.11.4 Threat of Substitutes Products and Services
4.11.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Well Type
5.1.1 Horizontal and Directional
5.1.2 Vertical
5.2 Geography
5.2.1 North America
5.2.2 Asia-Pacific
5.2.3 Europe
5.2.4 South America
5.2.5 Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Chevron Corporation
6.4.2 ExxonMobil
6.4.3 CNPC
6.4.4 Sinopec Ltd.
6.4.5 Marathon Oil
6.4.6 BP PLC
6.4.7 Baker Hughes Co.
6.4.8 Exxon Mobil Corporation
6.4.9 Royal Dutch Shell Plc
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/8bf9e0
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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