LEAWOOD, KS--(BUSINESS WIRE)--Tortoise today announced the following unaudited balance sheet information and asset coverage ratio updates for TYG, NTG, TTP, NDP, TPZ and TEAF.

Tortoise Energy Infrastructure Corp. (NYSE: TYG) today announced that as of August 31, 2020, the company’s unaudited total assets were approximately $451.6 million and its unaudited net asset value was $294.5 million, or $22.52 per share.

As of August 31, 2020, the company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 452 percent, and its coverage ratio for preferred shares was 335 percent. For more information on the company’s coverage ratios, please refer to the leverage summary web page at https://cef.tortoiseadvisors.com.

Set forth below is a summary of the company’s unaudited preliminary balance sheet at August 31, 2020.

Unaudited preliminary balance sheet

13.08 million common shares currently outstanding.

During the month, TYG paid $2,927,094 to repurchase 168,873 shares of its common stock at an average price of $17.333 and an average discount to NAV of 26.5%.

Tortoise Midstream Energy Fund, Inc. (NYSE: NTG) today announced that as of August 31, 2020, the company’s unaudited total assets were approximately $213.1 million and its unaudited net asset value was $141.4 million, or $22.75 per share.

As of August 31, 2020, the company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 503 percent, and its coverage ratio for preferred shares was 378 percent. For more information on the company’s coverage ratios, please refer to the leverage summary web page at https://cef.tortoiseadvisors.com.

Set forth below is a summary of the company’s unaudited preliminary balance sheet at August 31, 2020.

Unaudited preliminary balance sheet

6.22 million common shares currently outstanding.

During the month, NTG paid $1,306,391 to repurchase 72,742 shares of its common stock at an average price of $17.959 and an average discount to NAV of 24.6%.

Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP) today announced that as of August 31, 2020, the company’s unaudited total assets were approximately $71.7 million and its unaudited net asset value was $46.7 million, or $18.87 per share.

As of August 31, 2020, the company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 387 percent, and its coverage ratio for preferred shares was 290 percent. For more information on the company’s coverage ratios, please refer to the leverage summary web page at https://cef.tortoiseadvisors.com.

Set forth below is a summary of the company’s unaudited preliminary balance sheet at August 31, 2020.

Unaudited preliminary balance sheet

2.47 million common shares currently outstanding.

During the month, TTP paid $290,994 to repurchase 19,998 shares of its common stock at an average price of $14.551 and an average discount to NAV of 26.1%.

Tortoise Energy Independence Fund, Inc. (NYSE: NDP) today announced that as of August 31, 2020, the company’s unaudited total assets were approximately $33.8 million and its unaudited net asset value was $29.1 million, or $15.78 per share.

As of August 31, 2020, the company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 762 percent. For more information on the company’s coverage ratios, please refer to the leverage summary web page at https://cef.tortoiseadvisors.com.

Set forth below is a summary of the company’s unaudited preliminary balance sheet at August 31, 2020.

Unaudited preliminary balance sheet

1.85 million common shares currently outstanding.

Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ) today announced that as of August 31, 2020, the company’s unaudited total assets were approximately $111.8 million and its unaudited net asset value was $85.2 million, or $12.26 per share.

As of August 31, 2020, the company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 427 percent. For more information on the company’s coverage ratios, please refer to the leverage summary web page at https://cef.tortoiseadvisors.com.

Set forth below is a summary of the company’s unaudited preliminary balance sheet at August 31, 2020.

Unaudited preliminary balance sheet

6.95 million common shares currently outstanding.

Tortoise Essential Assets Income Term Fund (NYSE: TEAF) today announced that as of August 31, 2020, the company’s unaudited total assets were approximately $237.7 million and its unaudited net asset value was $206.3 million, or $15.29 per share.

As of August 31, 2020, the company’s asset coverage ratio under the 1940 Act with respect to senior securities representing indebtedness was 776 percent. For more information on the company’s coverage ratios, please refer to the leverage summary web page at https://cef.tortoiseadvisors.com.

Set forth below is a summary of the company’s unaudited preliminary balance sheet at August 31, 2020.

Unaudited preliminary balance sheet

13.49 million common shares outstanding.

The top 10 holdings for TYG, NTG, TTP, NDP, TPZ and TEAF as of the most recent month-end can be found on each fund’s portfolio web page at https://cef.tortoiseadvisors.com.

About Tortoise

Tortoise invests in essential assets – those assets and services that are indispensable to the economy and society. With a steady wins approach and a long-term perspective, Tortoise strives to make a positive impact on clients and communities. For additional information, please visit tortoiseadvisors.com.

Tortoise Capital Advisors, L.L.C. is the Adviser to Tortoise Energy Infrastructure Corp., Tortoise Midstream Energy Fund, Inc., Tortoise Pipeline & Energy Fund, Inc., Tortoise Energy Independence Fund, Inc., Tortoise Power and Energy Infrastructure Fund, Inc. and Tortoise Essential Assets Income Term Fund. Ecofin Advisors Limited is a sub-adviser to Tortoise Essential Assets Income Term Fund.

For additional information on these funds, please visit cef.tortoiseadvisors.com.

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.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains certain statements that may include “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 fact, included herein are "forward-looking statements." Although the funds and Tortoise Capital Advisors believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the fund’s reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the funds and Tortoise Capital Advisors do not assume a duty to update this forward-looking statement.

Maggie Zastrow at (913) 981-1020 or This email address is being protected from spambots. You need JavaScript enabled to view it.

First Ever Approval for Small Modular Nuclear Reactor Technology & Now Ready for Commercialization

IRVING, Texas--(BUSINESS WIRE)--In the contact information of release dated Aug. 31, 2020, Brian Mershon's phone number should read: 864.281.6484 (instead of 864.282.6484).

The updated release reads:

FLUOR’S NUSCALE POWER ACHIEVES U.S. NUCLEAR REGULATORY COMMISSION DESIGN CERTIFICATION

First Ever Approval for Small Modular Nuclear Reactor Technology & Now Ready for Commercialization

Fluor Corporation (NYSE: FLR) announced today that NuScale Power, in which Fluor is the majority investor, received final design certification by the U.S. Nuclear Regulatory Commission (NRC), which is expected to advance the commercialization of NuScale’s small modular nuclear reactor (SMR) technology.

“The energy future of the U.S. and the world is increasingly more dependent on sustainable and renewable, carbon-free technologies,” said Carlos M. Hernandez, chief executive officer, Fluor. “Fluor has been a leader in serving the nuclear industry for more than 70 years including the design and construction support for more than 25 units, plus nearly 100 million hours of operations and maintenance work.”

The NuScale small modular reactor fits well with Fluor’s world-class modular fabrication capabilities for new facilities of all types.

“This final approval from the NRC clearly establishes NuScale as the preeminent leader in the small modular reactor technology market and positions the company to respond to customers desiring this unique, flexible, safe, clean energy solution,” Hernandez said. “Fluor is extremely proud of NuScale’s achievement, and we would like to acknowledge the continuous support of the U.S. Department of Energy, which has a long history of supporting the nuclear energy market, thereby helping to ensure long-term clean energy solutions in the U.S. and globally.”

In addition to previously announced strategic partners and investors in NuScale, both Fluor and NuScale continue to engage with potential customers, capital investors, manufacturers and other supply chain partners for new SMR development efforts.

Fluor has the exclusive rights to perform engineering, procurement and construction for new NuScale projects. Notably, Fluor and NuScale are working directly with Utah Associated Municipal Power Systems (UAMPS) in the development of a 720 megawatt plant. In addition, NuScale has preliminary agreements with entities in the U.S., Canada, Romania, the Czech Republic and Jordan.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company with projects and offices on six continents. Fluor’s 47,000 employees build a better world by designing, constructing and maintaining safe, well-executed, capital-efficient projects. Fluor is ranked 181 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has served its clients for more than 100 years. For more information, please visit www.fluor.com or follow Fluor on Twitter, LinkedIn, Facebook and YouTube.

#corp

Brian Mershon
Global Media Relations
864.281.6484

Jason Landkamer
Investor Relations
469.398.7222

LAUSANNE, Switzerland--(BUSINESS WIRE)--Akselos SA (Akselos) has announced the successful deployment of a structural Digital Twin for Shell’s Bonga Main FPSO, located 120km Southwest of the Niger Delta in Nigeria.

The Digital Twin is a physics-based model of the asset, which represents its entire physical counterpart in absolute detail and accuracy. The model is updated with loading conditions and inspection data on a regular basis, providing the ability to carry out structural assessments based on the ‘as is’ condition, from anywhere and at any time.

The structural Digital Twin, which is based on Akselos’ patented RB-FEA technology, was selected by Shell Nigeria Exploration and Production Company (SNEPCo), Shell’s deepwater company in Nigeria and operator of the 225,000 oil barrel capacity FPSO, because of its unique ability to realise a number of operational objectives. These include the identification of critical areas for prioritised inspection, maintenance and repair; a reduction in personnel on board the asset; reduced necessity for physical inspections in hard-to-reach areas such as cargo tanks; and to support scenario planning for extreme weather events and asset modification.

The deployment of the breakthrough simulation technology will also enable safe asset life extension by replacing the over-conservative estimates made with conventional simulation software, with accurate assessments that reflect actual remaining fatigue life.

Elohor Aiboni, Asset Manager for Bonga, said “The Bonga Main FPSO heralded a number of innovative ‘firsts’ when it was built back in 2004, so it’s fitting that it’s the first asset of its kind to deploy something as advanced as a structural Digital Twin. We are very excited about the new capabilities that Akselos brings and believe it will create a positive impact on the way we manage structural integrity. It is also a great example of digitalisation coming to life.”

The Bonga Main FPSO, which became operational in 2004, has a capacity of 225,000 barrels per day and weighs over 300,000 tonnes, making it the largest asset in the world to be protected by a structural Digital Twin.

Dr David Knezevic, CTO and Co-Founder of Akselos said: “We are very proud to have reached this important milestone, which represents many months of complex engineering work between SNEPCo and Akselos. To have the opportunity to deploy our breakthrough technology on a 300,000 tonne asset is the kind of technical challenge that Akselos was founded to solve. I’d like to thank the SNEPCo team and the wider team within Shell for sharing our vision and for their commitment to digital transformation.”

Shell has been working with Akselos since its technology scouts were introduced to the company as a start-up, as part of the MIT Industrial Liaison programme in 2015. Since then, the integrated energy company has supported Akselos’ technology deployment on many of its assets and become a minority shareholder through its venture capital arm Shell Ventures. The partnership has played an important role in Akselos’ development to become an international scale-up operating across the energy sector.

About Akselos:
Akselos is the creator of the world's most advanced engineering simulation technology - physics-based, real-time digital twins. Founded in 2012 and with operations in Europe, the USA, and South East Asia, the company’s products are designed specifically to help design and protect the world’s critical infrastructure. Using patented algorithms developed through 15 years of research at MIT, Akselos’ technology is bringing a powerful new innovation curve to mechanical engineering, helping the energy sector optimize design and operations and increase asset sustainability. Akselos was named as a Technology Pioneer in 2020 by the World Economic Forum.

www.akselos.com

David Adelman
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+44 7870 484649

BOSTON--(BUSINESS WIRE)--CRA International, Inc. (NASDAQ: CRAI), a worldwide leader in providing economic, financial, and management consulting services, today announced that an auction process will be conducted for FirstEnergy Corp.’s (NYSE: FE) Pennsylvania utilities — Metropolitan Edison Company (“Met-Ed”), Pennsylvania Electric Company (“Penelec”), Pennsylvania Power Company (“Penn Power”) and West Penn Power Company (“West Penn Power”) — to procure full requirements Default Supply generation service for their Default Service Customers. The auction process will lead up to the auction scheduled for October 26, 2020.

The bidding process will use a descending-price clock auction format. The auction will be managed by Independent Evaluator and Auction Manager CRA International, Inc. The auction is being conducted pursuant to FirstEnergy’s Pennsylvania Default Service Program (DSP‑V) as approved by the Pennsylvania Public Utility Commission. This is the next auction in the DSP‑V auction series that began in October 2018.

The Information Session for prospective bidders for the October auction is scheduled for Wednesday, September 2, 2020. Instructions on how to join the Webcast session are available on the Information Website at http://www.fepaauction.com/Documents/BidderInformationSessions.aspx.

Part 1 Applications from prospective bidders will be accepted starting September 3 and are due no later than September 22. For successful Part 1 applicants, the submission window for the Part 2 Application process will be September 29 through October 13.

The products each of the four Companies is procuring in the October DSP‑V Residential/Commercial (Fixed-Price) auction include: 12‑month residential class (delivery period June 2021 through May 2022), 24‑month residential class (delivery period June 2021 through May 2023), 3‑month commercial class (delivery period December 2020 through February 2021), 12‑month commercial class (delivery period June 2021 through May 2022), and 24-month commercial class (delivery period June 2021 through May 2023).

Additional information about the auction process can be found at the Information Website at www.fepaauction.com.

About CRA International, Inc. and its Auctions & Competitive Bidding Practice

CRA is a global consulting firm specializing in litigation, regulatory, financial, and management consulting. CRA advises clients on economic and financial matters pertaining to litigation and regulatory proceedings, and guides corporations through critical business strategy and performance-related issues. Since 1965, clients have engaged CRA for its unique combination of functional expertise and industry knowledge, and for its objective solutions to complex problems. Headquartered in Boston, CRA has offices throughout the world. Detailed information about Charles River Associates, a registered trade name of CRA International, Inc., is available at www.crai.com. Follow us on LinkedIn, Twitter, and Facebook. CRA’s Auctions & Competitive Bidding Practice offers businesses, governments, bidders, and other market participants extensive experience in auction and market design, implementation, monitoring, and participation. More information about CRA’s Auctions & Competitive Bidding Practice is available at www.auctions.crai.com.

Media Relations
Charles River Associates
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617-425-6453

Nicholas Manganaro
Sharon Merrill Associates, Inc.
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617-542-5300

Electrolyzers, solid oxide electrolysis cells, and biomass gasifiers are expected to play a key role as emphasis for decarbonization and renewables integration increases

BOULDER, Colo.--(BUSINESS WIRE)--#Biomass--A new report from Guidehouse Insights analyzes the global market for emerging hydrogen production technologies, providing forecasts for capacity and revenue through 2029.

There has been much discussion over the past several years of how hydrogen can aid the energy transition. Four emerging technologies—alkaline electrolyzers (AES), proton exchange membrane (PEM) electrolyzers, solid oxide electrolysis cells (SOECs), and biomass gasifiers—are expected to move the market forward as decarbonization becomes increasingly important and costs for green hydrogen (or hydrogen produced with no emissions) decline. Click to tweet: According to a new report from @WeAreGHInsights, the global capacity for emerging hydrogen production technologies is expected to reach approximately 1 GW annually by 2029, representing a compound annual growth rate (CAGR) of 20.2%.

“As countries and economies develop plans for decarbonization, hydrogen is being recognized as a potential tool for a variety of reasons,” says Shayne Willette, research analyst with Guidehouse Insights. “Currently, only 1%-4% of hydrogen is produced with clean production technologies, but with greater emphasis on decarbonization, increasing renewables integration, and decreasing capital costs, emerging clean hydrogen production technologies are poised to play a key role going forward.”

According to the report, AES, PEM, and SOECs can use renewable electricity to produce green hydrogen, while biomass gasifiers can use otherwise carbon-emitting feedstocks such as municipal solid waste (MSW) to achieve the same result. Although most hydrogen is used in the industrial sector, significant demand growth is expected in the mobility sector due to expansion in the fuel cell vehicle (FCV) market as well as in hydrogen storage.

The report, Emerging Hydrogen Production Technologies, analyzes the global market for these emerging hydrogen production technologies based on geographic region and the different technologies. The study provides an analysis of current market issues, opportunities, drivers, and barriers for these emerging hydrogen production technologies. Global market forecasts for capacity and revenue extend through 2029. 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, Emerging Hydrogen Production Technologies, 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.

Lindsay Funicello-Paul
+1.781.270.8456
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Expansion Adds Over 400,000 barrels per day of NGL Capacity Out of the Permian and Delaware Basins

DALLAS--(BUSINESS WIRE)--Energy Transfer today announced the completion of its Lone Star Express Pipeline expansion project, which was a major part of Energy Transfer’s 2020 capital program. The project was delivered on budget and ahead of schedule. The pipeline adds over 400,000 barrels per day of Natural Gas Liquids capacity to Energy Transfer’s existing Lone Star NGL pipeline system in Texas.

The new 352-mile, 24-inch pipeline originates in Winkler County, Texas and connects into the existing Lone Star Express 30-inch pipeline at the Morgan Junction in Bosque County, Texas, south of Fort Worth. It will provide shippers additional connectivity out of the Permian and Delaware basins, further encouraging the recovery of production and jobs underway in the region.

The Lone Star pipeline system ultimately connects into Energy Transfer’s Mont Belvieu facility, an integrated liquids storage and fractionation facility along the U.S. Gulf Coast with strategic connectivity to over 35 petrochemical plants, refineries, fractionators and third-party pipelines. Energy Transfer's seventh fractionator at Mont Belvieu was brought online earlier this year, bringing the partnership's total fractionation capacity to more than 900,000 barrels per day.

Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with a strategic footprint in all of the major domestic production basins. ET is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, NGL and refined product transportation and terminalling assets; NGL fractionation; and various acquisition and marketing assets. ET, through its ownership of Energy Transfer Operating, L.P., also owns Lake Charles LNG Company, as well as the general partner interests, the incentive distribution rights and 28.5 million common units of Sunoco LP (NYSE: SUN), and the general partner interests and 46.1 million common units of USA Compression Partners, LP (NYSE: USAC). For more information, visit the Energy Transfer LP website at www.energytransfer.com.

Energy Transfer Media Relations
214.840.5820
Vicki Granado
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Energy Transfer Investor Relations
214.981.0795
Bill Baerg, Brent Ratliff, Lyndsay Hannah
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-- New deployments in Northern Virginia and Denver to support the agency’s IT transformation initiatives --

BOSTON--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company, today announced that a large U.S. Federal government civilian agency that is at the forefront of the nation's technological progress and achievement, is expanding its existing footprint to Iron Mountain data centers in Manassas, Virginia and Denver, Colorado. Iron Mountain is providing a colocation data center solution in support of the agency’s IT transformation initiatives.

The solution includes migrating the agency from their current proprietary, on-premise data center, into a 4 megawatt space in Iron Mountain’s new Northern Virginia data center, VA-2. In addition, Iron Mountain will facilitate the transition of the agency’s current 1.5 megawatt disaster recovery facility, which is located in Iron Mountain’s Boyers, Pennsylvania data center, into an expanded disaster recovery space in Denver, DEN-1, with an incremental 1 megawatt of power capacity. The lease is expected to commence in the second quarter of 2021.

“We are pleased to have this Federal agency join our robust ecosystems in both Northern Virginia and Denver, as we support their digital transformation strategy,” said Rick Crutchley, Vice President and General Manager, North America at Iron Mountain Data Centers. “The agency’s decision to expand with Iron Mountain underscores their trust in our value proposition for providing secure and quickly scalable data center solutions, with industry-leading compliance.”

Iron Mountain’s Northern Virginia data center campus is an 83-acre site in Manassas, situated in the heart of the world’s largest and fastest-growing data center market, offering low latency and easy access to network / peering interconnection sites in Ashburn and Reston. VA-1, opened in September 2017 is a 12.4 megawatt facility that is fully leased, with carrier-neutral connectivity and easy access to carriers, clouds and IT service providers. The first 4 megawatts at VA-2 was delivered in early July, with that facility representing 24 megawatts of IT capacity at full build-out.

Strategically located in the heart of downtown Denver, DEN-1 is a concurrently maintainable data center, situated in one of the lowest disaster risk areas in the U.S. With more than 11 megawatts of IT capacity, this purpose-built data center provides carrier-neutral connectivity, with access to 12 native carriers and multiple public cloud on-ramps.

Additional highlights from the Iron Mountain data center footprint include:

• Support for multiple use cases: hybrid-IT colocation, local production IT, local/regional business continuity/disaster recovery and consolidation/migration in all campuses.
• Efficient hybrid-IT enablement: centralized access to hundreds of customers, clouds, carriers, and other IT services providers, making hybrid IT efficient, cost-effective, and secure.
• Network density: carrier-neutral campuses working with native network providers, access to diverse meet-me rooms, and the ability to connect to multiple public-cloud on-ramps.
• Energy efficiency: powered by 100% renewable energy.
• Operational excellence: 100% uptime SLAs.
• Industry-leading compliance and security.

Iron Mountain's global data center platform consists of 15 operational facilities across 13 markets and three continents. Including leasable capacity and land and buildings held for future development, Iron Mountain's data center platform can support more than 350 megawatts of IT capacity at full build-out. For more information on Iron Mountain Data Centers, visit https://www.ironmountain.com/digital-transformation/data-centers.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services. Trusted by more than 225,000 organizations around the world, and with a real estate network of more than 90 million square feet across more than 1,480 facilities in approximately 50 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts. Providing solutions that include secure records storage, information management, digital transformation, secure destruction, as well as data centers, cloud services and art storage and logistics, Iron Mountain helps customers lower cost and risk, comply with regulations, recover from disaster, and enable a more digital way of working. Visit www.ironmountain.com for more information.

Forward Looking Statements

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: This release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws and is subject to the safe-harbor created by such Act. Forward-looking statements include, but are not, limited to statements concerning the migration of the customer’s data and the build out capacity at our Northern Virginia facility. When we use words such as "believes," "expects," "anticipates," "estimates" or similar expressions, we are making forward-looking statements. Although we believe that our forward looking statements are based on reasonable assumptions, our expected results may not be achieved, and actual results may differ materially from our expectations. Although we believe that our forward looking statements are based on reasonable assumptions, our expected results may not be achieved, and actual results may differ materially from our expectations.

These forward-looking statements are subject to various known and unknown risks, uncertainties and other factors. Important factors that could cause actual results to differ from expectations include (i) the impact of the COVID-19 outbreak on our business, operations and financial condition, (ii) our ability to remain qualified for taxation as a real estate investment trust for U.S. federal income tax purposes; (iii) the adoption of alternative technologies and shifts by our customers to storage of data through non-paper based technologies; (iv) changes in customer preferences and demand for our storage and information management services; (v) the cost and our ability to comply with laws, regulations and customer demands relating to data security and privacy issues, as well as fire and safety standards; (vi) our ability or inability to execute our strategic growth plan, expand internationally, complete acquisitions on satisfactory terms, and to integrate acquired companies efficiently; (vii) changes in the amount of our growth and recurring capital expenditures and our ability to raise capital and invest according to plan; (viii) the impact of litigation or disputes that may arise in connection with incidents in which we fail to protect our customers' information or our internal records or IT systems and the impact of such incidents on our reputation and ability to compete; (ix) our ability to execute on Project Summit and the potential impacts of Project Summit on our ability to retain and recruit employees and execute on our strategy (x) changes in the price for our storage and information management services relative to the cost of providing such storage and information management services; (xi) changes in the political and economic environments in the countries in which our international subsidiaries operate and changes in the global political climate; (xii) the impact of executing on our growth strategy through joint ventures; (xii) our ability to comply with our existing debt obligations and restrictions in our debt instruments or to obtain additional financing to meet our working capital needs; (xiv) the impact of service interruptions or equipment damage and the cost of power on our data center operations; (xv) changes in the cost of our debt; (xvi) the impact of alternative, more attractive investments on dividends; (xvii) the cost or potential liabilities associated with real estate necessary for our business; (xviii) the performance of business partners upon whom we depend for technical assistance or management expertise; (xix) other trends in competitive or economic conditions affecting our financial condition or results of operations not presently contemplated; and (xx) other risks described more fully in our filings with the Securities and Exchange Commission, including under the caption “Risk Factors” in our periodic reports or incorporated therein. You should not rely upon forward-looking statements except as statements of our present intentions and of our present expectations, which may or may not occur. Except as required by law, we undertake no obligation to release publicly the result of any revision to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Investor Relations Contacts:
Greer Aviv
Senior Vice President, Investor Relations
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(617) 535-2887

Nathan McCurren
Director, Investor Relations
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(617) 535-2997

12.32 GWac global portfolio exceeds total capacity installed by entire U.S. solar industry in 2019

DALLAS--(BUSINESS WIRE)--#AGEL--Adani Green Energy Limited:

EDITOR’S SYNOPSIS

• Mercom Capital ranks the Adani Group as the #1 global solar power generation asset owner
• Adani’s portfolio is 12.32 GWac which exceeds the total installed capacity of the U.S. in 2019
• Adani’s renewable energy generation capacity will displace 1.4 billion tons of carbon dioxide
• Adani Green Energy established its first solar project in just 2015 and has a combined wind & solar portfolio of 14.62 GWac
• In terms of under construction and awarded capacity, Mercom Capital further gives top position to Adani Green with 10.1 GW of projects

The latest ranking of global solar companies by Mercom Capital ranks the Adani Group as the #1 global solar power generation asset owner in terms of operating solar projects. Adani’s renewable energy portfolio exceeds the total capacity installed by the entire United States solar industry in 2019 and will displace over 1.4 billion tons of carbon dioxide over the life of its assets. The group is one of the most fully integrated solar players in the world, manufacturing solar cells and modules, undertaking project development, construction, financial structuring and owning and operating its assets through its robust internal asset management platform. According to the ranking, Adani is roughly 70 percent larger than the next-largest global solar power generation company.

Adani Green Energy Limited (AGEL) established its first solar project in 2015 and even as recently as 2017 the Company had completed just two solar projects. The Company went public (NSE: ADANIGREEN) in 2018 and has accelerated its presence to reach the current milestone of being the largest solar player in the world in a short span of just five years, and has a stated target of reaching 25 GWac of renewable power by 2025.

In response to this ranking, Mr. Gautam Adani, Chairman of the Adani Group said: “Achieving this ranking is a direct result of our commitment to creating the infrastructure needed for a clean-powered future. While we are pleased to be ranked the largest solar player in the world, we recognize that there is a lot more that remains for us to do as the world transitions into an increasingly decarbonized energy landscape. We anticipate that over the next decade several existing business models will be impacted as a result of the disruption caused by the intersection of plummeting cost of renewable energy and the ability of technology to rescale industries.

“We expect our renewable energy platform will create new possibilities for our core business and we will be able to address some of the most intractable problems that humankind has faced, including affordable decentralized energy, availability of distributed clean water, green hydrogen as an alternate fuel, and micro agriculture, among others. Building partnerships with major industrials, data center providers, and global integrated energy players that seek to reduce their carbon footprints will also continue to further accelerate our growth. AGEL was launched just five years ago, our story is only beginning.”

AGEL also achieved a top spot in the global ranking in terms of under construction and awarded capacity with 10.1 GW of projects, making it the definitive leader in mega-scale renewable energy project deployments. As India pushes to invite more global business partners to invest domestically, it sees its growing renewable footprint as helping companies simultaneously fulfill two essential goals: tapping into one of the fastest growing consumer markets and achieving their sustainability targets. The Adani Group has positioned itself at this intersection to help its partners attain both these objectives.

About the Adani Group

The Adani Group is an integrated industrial conglomerate operating globally with six publicly traded companies with total revenues of $15 billion and a market capitalization of ~$30 billion. It has created world class transport and utility infrastructure portfolios with a pan-India presence. Adani Group is headquartered in Ahmedabad, in the state of Gujarat, India. Over the years, Adani Group has positioned itself to be the market leader in its transport logistics and energy utility portfolio businesses focusing on large scale infrastructure development in India with O & M practices benchmarked to global standards. With four IG rated businesses it is the only Infrastructure Investment Grade issuer in India. Adani owes its success and leadership position to its core philosophy of ‘Nation Building’ driven by ‘Growth with Goodness’ - a guiding principle for sustainable growth. Adani is committed to increase its ESG footprint by realigning its businesses with emphasis on climate protection and increasing community outreach through its CSR program based on the principles of sustainability, diversity and shared values. For more information, visit: www.adani.com

About Adani Green Energy Limited

Adani Green Energy Limited (AGEL; NSE: ADANIGREEN), part of the diversified Adani Group, is the largest solar company in the world with 12+ GWp of operating, in-construction and awarded solar parks. The company develops, builds, owns, operates and maintains utility-scale grid-connected solar and wind farm projects. The electricity generated is supplied to investment-grade counterparties. For more information, visit: www.adanigreenenergy.com

United States
Daniel Dus
Mobile: +1 (917) 808-6377
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Australia & Singapore
Kate Campbell
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India
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DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) and its midstream affiliate, San Mateo Midstream (“San Mateo”), today announced the completion and successful start-up of the expansion of San Mateo’s Black River cryogenic natural gas processing plant (the “Black River Processing Plant”) in Eddy County, New Mexico. The expansion of the Black River Processing Plant adds an incremental designed inlet capacity of 200 million cubic feet of natural gas per day to the previously existing designed inlet capacity of 260 million cubic feet of natural gas per day for a total designed inlet capacity of 460 million cubic feet of natural gas per day. The expanded Black River Processing Plant supports Matador’s exploration and development activities in the Delaware Basin and is expected to gather and process natural gas from Matador’s Stateline asset area and from the Stebbins area and surrounding leaseholds in the southern portion of its Arrowhead asset area (the “Greater Stebbins Area”). The Black River Processing Plant currently processes natural gas from the Company’s Rustler Breaks asset area and also provides natural gas processing services for a number of other San Mateo customers in the area. Matador has also secured firm transportation via pipeline and fractionation for all anticipated natural gas liquids (“NGL”) and firm transportation via pipeline for all residue natural gas volumes, including those attributable to the newly increased inlet capacity, delivered at the tailgate of the Black River Processing Plant.

Matador is also pleased to announce that San Mateo is nearing completion on the construction of approximately 24 miles of large diameter natural gas gathering pipelines between the Black River Processing Plant and the Company’s Stateline asset area, as well as approximately 19 miles of large diameter natural gas gathering pipelines between the Black River Processing Plant and the Greater Stebbins Area. In addition, San Mateo is nearing completion on the construction of approximately 19 miles of various diameter crude oil pipelines from certain points of origin in Eddy County to the existing San Mateo interconnect with Plains Pipeline, L.P. in Eddy County. These various pipelines are expected to be placed in service at various times from early to mid-September 2020.

Matador recently initiated flowback operations on its five Leatherneck wells in the Greater Stebbins Area, all two-mile laterals, as anticipated. The Company also remains on track to begin turning to sales the 13 Boros wells, all two-mile laterals, drilled and completed in the Stateline asset area in early September 2020. The Boros wells are expected to be turned to sales in a staggered fashion of three to four wells at a time throughout September and into early October. These projects reflect Matador’s tightly integrated strategy of growing its exploration and production and midstream businesses together, as well as the planning, execution and hard work of the Matador and San Mateo teams to achieve the goals the Company set two years ago in terms of production and reserves growth, midstream expansion and improved capital efficiency. Matador looks forward to providing additional details on the completion of the various pipeline and other midstream projects and the initial test results from the Boros and Leatherneck wells in September and October, as these results become available.

Joseph Wm. Foran, Matador’s Chairman and CEO, commented, “We are pleased to announce the completion of this most recent expansion of the Black River Processing Plant, which was initiated almost two years ago and was completed this summer on time and on budget. Along with the addition of the enhanced processing capacity and firm transportation and fractionation, the Black River Processing Plant and associated residue gas takeaway should provide Matador reliable transportation for the natural gas and NGLs from our Rustler Breaks and Stateline asset areas and the Greater Stebbins Area for years to come. The Board and I congratulate and thank the members of our midstream and asset teams – and especially the teams in the field – for the significant value they have created through their efforts and strong execution. We also greatly appreciate the support from our San Mateo joint venture partner, Five Point Energy LLC.”

Please direct any commercial inquiries about the Black River Processing Plant and related gathering and processing services provided in Eddy County, New Mexico or San Mateo’s other services, including salt water gathering and disposal services and oil gathering and transportation services, to:

Matt Spicer, San Mateo’s Co-Chief Operating Officer, at (972) 371-5420, Corey Lothamer, San Mateo’s Vice President of Business Development, at (972) 587-4635 or This email address is being protected from spambots. You need JavaScript enabled to view it..

About Matador Resources Company

Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, Matador conducts midstream operations, primarily through its midstream joint venture, San Mateo, in support of its exploration, development and production operations and provides natural gas processing, oil transportation services, natural gas, oil and salt water gathering services and salt water disposal services to third parties.

For more information, visit Matador Resources Company at www.matadorresources.com.

About San Mateo Midstream

San Mateo Midstream is a strategic joint venture formed in February 2017 by a subsidiary of Matador Resources Company (NYSE:MTDR) and a subsidiary of Five Point Energy LLC. San Mateo provides an all-inclusive approach to midstream services for the three main product streams produced by oil and natural gas activities, including salt water gathering and disposal services, natural gas gathering, compression, treating and processing services, and oil gathering and transportation services. San Mateo owns and operates oil, natural gas and water gathering and transportation systems in Eddy County, New Mexico and Loving County, Texas, the Black River Processing Plant in Eddy County, New Mexico with a designed inlet capacity of 460 million cubic feet of natural gas per day and thirteen commercial salt water disposal wells in Eddy County, New Mexico and Loving County, Texas, with a combined salt water disposal capacity of 335,000 barrels per day. San Mateo serves as one of the primary midstream solutions for multiple customers across the northern Delaware Basin, including its anchor customer, Matador Resources Company.

For more information, visit San Mateo Midstream at www.sanmateomidstream.com.

Forward-Looking Statements

This press release includes “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. “Forward-looking statements” are statements related to future, not past, events. Forward-looking statements are based on current expectations and include any statement that does not directly relate to a current or historical fact. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “could,” “believe,” “would,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “should,” “continue,” “plan,” “predict,” “potential,” “project,” “hypothetical,” “forecasted” and similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Such forward-looking statements include, but are not limited to, statements about guidance, projected or forecasted financial and operating results, future liquidity, results in certain basins, objectives, project timing, expectations and intentions, regulatory and governmental actions and other statements that are not historical facts. Actual results and future events could differ materially from those anticipated in such statements, and such forward-looking statements may not prove to be accurate. These forward-looking statements involve certain risks and uncertainties, including, but not limited to, the following risks related to financial and operational performance: general economic conditions; the Company’s ability to execute its business plan, including whether its drilling program is successful; changes in oil, natural gas and natural gas liquids prices and the demand for oil, natural gas and natural gas liquids; its ability to replace reserves and efficiently develop current reserves; costs of operations; delays and other difficulties related to producing oil, natural gas and natural gas liquids; delays and other difficulties related to regulatory and governmental approvals and restrictions; its ability to make acquisitions on economically acceptable terms; its ability to integrate acquisitions; availability of sufficient capital to execute its business plan, including from future cash flows, increases in its borrowing base and otherwise; weather and environmental conditions; the impact of the worldwide spread of the novel coronavirus, or COVID-19, on oil and natural gas demand, oil and natural gas prices and our business; the operating results of the Company’s midstream joint venture’s expansion of the Black River cryogenic processing plant, including the timing of the further expansion of such plant; the timing and operating results of the buildout by the Company’s midstream joint venture of oil, natural gas and water gathering and transportation systems and the drilling of any additional salt water disposal wells, including in conjunction with the expansion of the midstream joint venture’s services and assets into new areas in Eddy County, New Mexico; and other important factors which could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. For further discussions of risks and uncertainties, you should refer to Matador’s filings with the Securities and Exchange Commission (“SEC”), including the “Risk Factors” section of Matador’s most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q. Matador undertakes no obligation to update these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by law, including the securities laws of the United States and the rules and regulations of the SEC. 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.

Mac Schmitz
Capital Markets Coordinator
(972) 371-5225
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REDWOOD CITY, Calif.--(BUSINESS WIRE)--The award winning AutoGrid Flex™ is now available for purchase through AWS Marketplace. This allows AWS customers another easy, no-hassle option to purchase AutoGrid Flex Demand Response (DROMS), Distributed Energy Resources (DERMS) and Virtual Power Plant (VPP) management systems directly through existing procurement channels. Transacting in AWS Marketplace streamlines the purchase process, simplifies renewals, and consolidates billing with existing AWS expenses. This option is available for both new and existing AutoGrid clients, as long as they have an account on AWS Marketplace. Existing AutoGrid clients should reach out to their account manager for more details about transferring current contracts to AWS Marketplace.

Access the public Flex listing here: AutoGrid DROMS on AWS Marketplace

Our public Marketplace listing is designed to provide a conveniently packaged offering of our Bring-Your-Own-Things™ (BYOT) solution for supporting up to three of our largest thermostat partners: Google Nest, ecobee, and Honeywell. In addition, customers can set up notification and pricing-based behavioral load management programs supported with custom notification templates through email, sms and phone. All programs come with full featured functionality such as targeted dispatch, ability to define custom groups, and advanced measurement and verification (M&V) capabilities. With a predefined scope of work, a la carte selection of thermostat vendors, and all inclusive pricing, using AWS Marketplace offers a push-button procurement so utilities can spend less time on contracting and more time delivering value. AutoGrid can deploy and configure this BYOT solution in as little as four weeks from date of purchase. Currently, AutoGrid Flex is available in seven global AWS regions - US-West, US-East, Canada, Frankfurt, Hong Kong, Japan, and Australia.

In addition to the integrations available in the standard BYOT offer, customers can optionally add from over 85 additional integrations throughout the term of the contract. These additional integrations are available via Amazon Marketplace Private Offers and include additional DER resource types such as Water Heaters, Electric Vehicles, Energy Storage as well as connections to various enterprise IT/OT systems such as meter data management, CIS, billing and advanced distribution management system (ADMS) as the programs grow in size. Private Offers enable us to tailor our solution to our clients’ specific needs, and offer pricing and contract terms different from our publicly listed offer. Through Private Offers we make the entire suite of Flex products and solutions available via AWS Marketplace.

For clients that have existing AWS relationships with an Enterprise Discount Plan (EDP), purchases made through Marketplace apply against annual EDP spend commitments whether they choose the public or private AWS Marketplace offer. This gives an opportunity to AWS customers to leverage pre-approved and allocated budget to license our software, shortening time-consuming internal processes and increasing utilization of committed AWS spending.

This listing on AWS Marketplace is one more step in AutoGrid’s constant drive to offer greater flexibility and convenience for our clients, such that they can focus on their mission of enabling the distributed, resilient, data-driven power grid of the future. Reach out to us at This email address is being protected from spambots. You need JavaScript enabled to view it. for more information.

Learn more about AutoGrid’s partnership with AWS here: AutoGrid and AWS

About AutoGrid:
AutoGrid builds enterprise software that enables a smarter distributed energy world. The company’s suite of flexibility management applications allows utilities, electricity retailers, renewable energy project developers and energy service providers to deliver clean, affordable and reliable energy by managing networked distributed energy resources (DERs) in real time, at scale through different value streams. AutoGrid has contracted more than 5,000 megawatts of DERs and works with more than 50 leading energy companies around the world, including Schneider Electric, CLP, Shell, CPS Energy, Eneres and Total.

Leo Traub
Antenna Group for AutoGrid
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DALLAS--(BUSINESS WIRE)--San Mateo Midstream (“San Mateo” or the “Company”) today announced the completion and successful start-up of the expansion of the Black River cryogenic natural gas processing plant (the “Black River Processing Plant”) in Eddy County, New Mexico. The expansion of the Black River Processing Plant adds an incremental designed inlet capacity of 200 million cubic feet of natural gas per day to the previously existing designed inlet capacity of 260 million cubic feet of natural gas per day for a total designed inlet capacity of 460 million cubic feet of natural gas per day. The expanded Black River Processing Plant supports San Mateo’s anchor customer, Matador Resources Company (NYSE: MTDR), and offers processing opportunities for other producers’ development efforts in the Delaware Basin. Consistent with existing arrangements, San Mateo’s customers may access firm transportation via pipeline and fractionation for all natural gas liquids (“NGL”) and firm transportation via pipeline for all residue natural gas volumes delivered at the tailgate of the Black River Processing Plant, including those volumes attributable to the newly increased inlet capacity.

San Mateo is currently completing construction of approximately 24 miles of large diameter natural gas gathering pipelines between the Black River Processing Plant and the New Mexico and Texas state line in southeastern Eddy County. The Company is also completing construction of approximately 19 miles of large diameter natural gas gathering pipelines northward from the Black River Processing Plant, as well as 19 miles of various diameter crude oil pipelines from certain points of origin in Eddy County to the existing San Mateo interconnect with Plains Pipeline, L.P. in Eddy County (see San Mateo’s August 6, 2020 press release). These various pipelines are expected to be placed in service at various times from early to mid-September 2020. These new pipelines, along with the expansion of the Black River Processing Plant, substantially increase the footprint of San Mateo’s three-pipe midstream services offering throughout Eddy County.

Matt Spicer, Co-Chief Operating Officer of San Mateo, commented, “We are excited to announce that this most recent expansion of the Black River Processing Plant, which was initiated in February 2019, has been completed on time and on budget. The expanded Black River Processing Plant and the associated pipeline connections provided by San Mateo provide producers in the area reliable transportation and processing for their natural gas and NGLs out of the basin. As a result of the strong execution of the entire San Mateo team, we believe we have generated significant value for our stakeholders and an attractive natural gas transportation and processing option for producers throughout much of Eddy County. We wish to acknowledge and thank both Matador Resources Company and Five Point Energy LLC for their support and encouragement during the construction of this expansion of the Black River Processing Plant and the related infrastructure.”

Please direct any commercial inquiries about the Black River Processing Plant and related gathering and processing services provided in Eddy County, New Mexico or San Mateo’s other services, including salt water gathering and disposal services and oil gathering and transportation services, to:

Matt Spicer, Co-Chief Operating Officer, at (972) 371-5420, Corey Lothamer, Vice President of Business Development, at (972) 587-4635 or This email address is being protected from spambots. You need JavaScript enabled to view it..

About San Mateo Midstream

San Mateo Midstream is a strategic joint venture formed in February 2017 by a subsidiary of Matador Resources Company (NYSE: MTDR) and a subsidiary of Five Point Energy LLC. San Mateo provides an all-inclusive approach to midstream services for the three main product streams produced by oil and natural gas activities, including salt water gathering and disposal services, natural gas gathering, compression, treating and processing services, and oil gathering and transportation services. San Mateo owns and operates oil, natural gas and water gathering and transportation systems in Eddy County, New Mexico and Loving County, Texas, the Black River Processing Plant in Eddy County, New Mexico with a designed inlet capacity of 460 million cubic feet of natural gas per day and thirteen commercial salt water disposal wells in Eddy County, New Mexico and Loving County, Texas, with a combined salt water disposal capacity of 335,000 barrels per day. San Mateo serves as one of the primary midstream solutions for multiple customers across the northern Delaware Basin, including its anchor customer, Matador Resources Company.

For more information, visit San Mateo Midstream at www.sanmateomidstream.com.

Forward-Looking Statements

This press release includes “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. “Forward-looking statements” are statements related to future, not past, events. Forward-looking statements are based on current expectations and include any statement that does not directly relate to a current or historical fact. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “could,” “believe,” “would,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “should,” “continue,” “plan,” “predict,” “potential,” “project,” “hypothetical,” “forecasted” and similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Such forward-looking statements include, but are not limited to, statements about guidance, projected or forecasted financial and operating results, future liquidity, results in certain basins, objectives, project timing, expectations and intentions, regulatory and governmental actions and other statements that are not historical facts. Actual results and future events could differ materially from those anticipated in such statements, and such forward-looking statements may not prove to be accurate. These forward-looking statements involve certain risks and uncertainties, including, but not limited to, the following risks related to financial and operational performance: general economic conditions; the Company’s ability to execute its business plan; the timing of the buildout and the operating results of the Company’s oil, natural gas and water transportation and gathering systems and other facilities; changes in oil, natural gas and natural gas liquids prices and the demand for oil, natural gas and natural gas liquids; the impact of the worldwide spread of the novel coronavirus, or COVID-19, on oil and natural gas demand and the Company’s business; the occurrence and timing of actions, including decisions and the issuance of regulations and permits, by state and federal regulatory authorities; costs of operations; availability of sufficient capital to execute its business plan; weather and environmental conditions; and other important factors which could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. The Company undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by 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.

Matt Spicer
Co-Chief Operating Officer
(972) 371-5420
This email address is being protected from spambots. You need JavaScript enabled to view it.

Corey Lothamer
Vice President of Business Development
(972) 587-4635
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Founded in 1872, the acquisition preserves the company’s legacy in the oil and gas industry and saves 260 jobs across the United States

TULSA, Okla.--(BUSINESS WIRE)--#Cement--Argonaut Private Equity, a Tulsa, Okla.-based private equity fund, announced the acquisition of a cementing solutions business following the Chapter 11 bankruptcy of BJ Services located in Tomball, Texas.

Originally established in 1872, the cementing operation is now doing business as American Cementing with an established footprint in every major oil and gas basin throughout the United States. With the acquisition complete, American Cementing leaders announced today the retention of 260 highly-skilled employees related to the cementing business and procurement of company assets and equipment, including bulk plants and technical labs located in the field. No fracturing assets were acquired in the acquisition.

“The addition of American Cementing to the Argonaut Private Equity portfolio combines our expertise in efficient operations management with our experience in the oil and gas industry,” said Steve Mitchell, Argonaut CEO. “Argonaut’s capital investment provides the strength of our financial support to ensure American Cementing continues its reputation as a leading cementing service provider to upstream oil and gas companies throughout the United States. We are excited to provide American Cementing with an unlevered platform that is focused solely on cementing operations.”

American Cementing services include in-depth laboratory testing, precise blending at the bulk plant and dependable mixing and pumping operations at the wellsite. Additionally, the Company offers acidizing services and products that are engineered to enhance production and remove well-bore damage to ensure integrity for the lifetime of the well.

“We are pleased that American Cementing was able to retain the talent and expertise needed to continue operations and provide a seamless transition to our customers,” said Aaron James, Chief Operating Officer for American Cementing. “With the return to a fiscally-stable business model and clean balance sheet, we can build upon the standard of services and products for which we are known. With the assistance of Argonaut, we have the capacity to reach an even larger customer base within our major basin locations.”

Founded in 2002, Argonaut Private Equity manages investments across multiple asset classes with $3 billion of capital deployed in direct investments in key industry sectors including energy services, manufacturing and industrials.

“We differentiate ourselves in the private equity industry because we value the legacy established by our business enterprises and work side-by-side as partners in their success,” said Mitchell. “This is our third acquisition within the past two months. Despite the ongoing pandemic, Argonaut is actively reviewing opportunities and looks forward to completing more transactions.”

Simmons Energy, a division of Piper Sandler, served as the exclusive M&A investment banker to BJ Services.

About Argonaut Private Equity
Argonaut understands the unique needs of individual businesses that operate in the central region of the United States and other underserved markets. Argonaut partners with companies to develop a strategy for accelerating growth and enhancing operations. Leveraging the collective strength of our historical investment experience, industry advisors, current portfolio companies and affiliates, Argonaut looks to share resources, best practices and key relationships between investments to create synergistic opportunities across the following sectors: energy services, manufacturing and industrials.

In Q3 2019, Argonaut had a final close on Argonaut Private Equity Fund IV, a $400 million fund that continues its strategy of generating attractive investment returns through a disciplined approach and aligning interests with those of their investors and business partners. The fund is focused on partnering with companies that provide services and products to the energy services, manufacturing and industrial sectors.

Steve Mitchell has led Argonaut since 2004, and currently serves as CEO. For more information, visit www.ArgonautPE.com.

About American Cementing
For more information, visit AmericanCementing.com for a complete product and service listing and locations guide for our North and South Operations.

Sheila A. Curley, APR
(c) 918-830-3268
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DUBLIN--(BUSINESS WIRE)--The "Automotive Coolant Market, Size, Share, Outlook and COVID-19 Strategies, Global Forecasts from 2019 to 2026" report has been added to ResearchAndMarkets.com's offering.

This report presents the emerging market trends, factors driving the Automotive Coolant market growth, and potential opportunities over the forecast period. The trends underpinning the profitability of Automotive Coolant companies are shifting rapidly, forcing companies to carefully align their strengths in synchronization with Automotive Coolant industry trends.

To avoid getting left behind in an intensive competitive Automotive Coolant market, global companies need a new approach to ensure they create value in this environment. Amid increasing activities of M&A and growing activist-investor activity, Automotive Coolant companies must strengthen their capabilities to maintain their market shares in the Automotive Coolant industry.

To assist Automotive Coolant manufacturers and vendors to formulate their strategies and analyze their business in the global front, the publisher has published its 2020 series of Automotive Coolant market size, share, opportunities, and outlook to 2026. The report explores changing Automotive Coolant market landscape, capital markets, strategies, mergers & acquisitions in the global and country-level markets.

The report presents an introduction to the Automotive Coolant market in 2020, analyzing the COVID-19 impact both quantitatively and qualitatively. It presents the strategies being adopted by leading Automotive Coolant companies, emerging market trends, Automotive Coolant market drivers, challenges, and potential opportunities to 2026. The market attractiveness index is also included to assess the impact of suppliers, buyers, competitive landscape, new entrants, and substitutes on the Automotive Coolant market.

The global Automotive Coolant market size is forecast across different scenarios including the actual forecasts and COVID affected forecasts from 2019 to 2026. Further, Automotive Coolant market revenue and market shares in global industry are forecast across different types of Automotive Coolant, applications, and end-user segments of Automotive Coolant and across 18 countries.

Companies Mentioned

• ExxonMobil
• Castrol Limited
• British Petroleum
• Cummins Inc.
• Royal Dutch Shell
• BASF
• Chevron
• LUKOIL
• Motul S.A.
• Sinopec

Report Guide

• COVID-19 Impact is specifically included in the research
• This report is in its 12th version since first publication in September 2010
• It comprises of over 90 tables and charts
• The report spans across 150 pages
• Data and analysis is sourced from own proprietary databases

General Scope

• Analysis across different types and applications is covered
• Five regions including Asia Pacific, Europe, Middle East, Africa, North America and South and Central Americas are included
• 18 countries are included in the analytical research
• Five Company Profiles analyzing their Business, Revenues, and Operations is presented

Key Topics Covered:

1 Table of Contents

2 Executive Summary

2.1 Market Panorama, 2020

2.2 Automotive Coolant Outlook to 2026 - Original Forecasts

2.3 Automotive Coolant Outlook to 2026 - COVID-19 Affected Forecasts

3 Strategic Analytics to Boost Productivity and Profitability

3.1 Potential Market Drivers and Opportunities

3.2 New Challenges and Strategies being adopted by Companies

3.3 Short Term and Long Term Automotive Coolant market trends

3.4 Impact of New Entrants, Competitive Landscape, Substitutes, Buyer and Supplier Powers

4 Global Automotive Coolant Market Outlook across Types to 2026

4.1 Asia Pacific Automotive Coolant Market Outlook across Types, 2019 - 2026

4.2 Europe Automotive Coolant Market Outlook across Types, 2019 - 2026

4.3 North America Automotive Coolant Market Outlook across Types, 2019 - 2026

4.4 South and Central America Automotive Coolant Market Outlook across Types, 2019 - 2026

4.5 Middle East Africa Automotive Coolant Market Outlook across Types, 2019 - 2026

5 Global Automotive Coolant Market Outlook across Applications to 2026

5.1 Asia Pacific Automotive Coolant Market Outlook across Applications, 2019 - 2026

5.2 Europe Automotive Coolant Market Outlook across Applications, 2019 - 2026

5.3 North America Automotive Coolant Market Outlook across Applications, 2019 - 2026

5.4 South and Central America Automotive Coolant Market Outlook across Applications, 2019 - 2026

5.5 Middle East Africa Automotive Coolant Market Outlook across Applications, 2019 - 2026

6 Country - wise Automotive Coolant Market Analysis and Outlook to 2026

7 Global Automotive Coolant Market Competitive Analysis

7.1 Top 10 Leading Companies in the global Automotive Coolant industry

7.1.1 Business Overview

7.1.2 Automotive Coolant Products and Services

7.1.3 SWOT Analysis

7.1.4 Financial Profile

8 Global Automotive Coolant Market - Recent Developments

8.1 Automotive Coolant Market News and Developments

8.2 Automotive Coolant Market Deals Landscape

9 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/o2t7s0

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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VALLEY FORGE, Pa.--(BUSINESS WIRE)--UGI Corporation (NYSE: UGI) announced today that Hans G. Bell has been promoted to the position of President of UGI Utilities, Inc.

Mr. Bell joined UGI Utilities in 2013 as Vice President - Engineering and Operations Support, a role he held until 2017 when Mr. Bell was promoted to Chief Operating Officer. Prior to joining UGI, Mr. Bell held senior operating and engineering positions at AGL Resources and Nicor Gas.

“Since joining UGI, Hans has made significant contributions to our company. His understanding of the utility business, intense focus on safe operations, and his ability to build strong relationships both internally and externally, position Hans to be an effective and successful leader of UGI Utilities,” said Robert F. Beard, Executive Vice President - Natural Gas for UGI Corporation, the parent company of UGI Utilities.

About UGI Corporation
UGI Corporation is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, distributes LPG both domestically (through AmeriGas) and internationally (through UGI International), manages midstream energy assets in Pennsylvania, Ohio, and West Virginia and electric generation assets in Pennsylvania, and engages in energy marketing in eleven states, the District of Columbia and internationally in France, Belgium, the Netherlands and the UK.

Comprehensive information about UGI Corporation is available on the Internet at https://www.ugicorp.com.

INVESTOR RELATIONS
610-337-1000
Brendan Heck, ext. 6608
Alanna Zahora, ext. 1004
Shelly Oates, ext. 3202

UGI UTILITIES
Joseph Swope
610-796-3463 (office)
484-332-1485 (mobile)

Supercharging Technology and Scale in North American Pressure Pumping

DENVER & HOUSTON--(BUSINESS WIRE)--Liberty Oilfield Services Inc. (NYSE: LBRT) and Schlumberger (NYSE: SLB) announced today an agreement for the contribution of Schlumberger’s onshore hydraulic fracturing business in the United States and Canada (“OneStim^®”), including its pressure pumping, pumpdown perforating, and Permian frac sand businesses to Liberty in exchange for a 37% equity interest in the combined company. The combined company will deliver best-in-class completion services for the sustainable development of unconventional resource plays in the United States and Canada land markets.

The transaction is expected to close in the fourth quarter of 2020 and is subject to Liberty stockholder approval, regulatory approvals and other customary closing conditions. Following the closing of the transaction, Liberty will offer one of the most innovative suites of completion services and technologies to operators in onshore North America. Liberty will continue to be led by its current management team.

Liberty Chairman and Chief Executive Officer Chris Wright stated, “From day one, the Liberty team has been laser focused on delivering superior returns for our customers and stockholders. The last several months have been extremely challenging for the world, the industry and the Liberty family. These times also bring opportunity. This transaction will be a transformative step forward in our journey as a company. Our expanded technology portfolio and breadth of operations will enable Liberty to further raise our already high bar for safe, innovative, efficient and ESG-conscious frac operations. I look forward to the OneStim team joining Liberty on our mission to help customers provide low-cost clean oil & gas to our country and the world.”

Schlumberger Chief Executive Officer Olivier Le Peuch commented, “I’m very proud we have reached this agreement to combine our OneStim business with a leader in North American hydraulic fracturing who shares a like-minded focus on customers, technology, people and our safety culture. This partnership provides an ideal home for our OneStim business and its employees and is in line with our capital stewardship strategy while benefiting from future market upside through our equity stake. Alongside the comprehensive suite of services and products that Schlumberger continues to offer in North America land, this partnership with Liberty will uniquely position us to leverage our technology and scale to significantly improve our customers’ performance.”

Some key transaction features, and strategic rationale, are:

• Combination of Liberty, the most innovative and efficient frac company, with the technology and scale of Schlumberger OneStim, a significant division of the world’s leading oilfield services company

• Financially compelling transaction with strong benefits for Liberty and Schlumberger shareholders, creating one of the largest pressure pumping companies in North America

• 2019 combined pro-forma revenue of $5.2 billion and substantial earnings power

• Combined pro-forma market capitalization of $1.2 billion and a robust pro forma balance sheet with no net debt and significant available liquidity

• Expanded technology and operating capabilities will further increase E&P operator efficiencies, enhance shale asset economics and raise the bar for sustainable and environmentally conscious frac operations

• World-class completions data and technology portfolio including the most comprehensive production and completions database, Big Data analytics, advanced software for reservoir modeling and designing optimal completions, and frac fleet automation and electrification

• Alliance agreement will provide for future collaboration and access to the companies’ technology portfolios beyond the scope of this transaction, such as Schlumberger’s digital platform, subsurface expertise, downhole completions equipment, frac trees and flowback technology

Liberty will host an investor call on Tuesday September 1, 2020 at 8.00 am Mountain Time (10.00 am Eastern Time). Individuals wishing to participate in the conference call should dial (833) 255-2827, or for international callers (412) 902-6704. Participants should ask to join Liberty's call. A live webcast will be available at http://investors.libertyfrac.com. The webcast can be accessed for 90 days following the call. A telephone replay will be available shortly after the call and can be accessed by dialing (877) 344-7529, or for international callers (412) 317-0088. The passcode for the replay is 10147680. The replay will be available until September 8, 2020.

A presentation summarizing the transaction is available on Liberty’s investor website at https://investors.libertyfrac.com/

About Liberty

Liberty is an independent provider of hydraulic fracturing services to onshore oil and natural gas exploration and production companies in North America. Liberty was founded in 2011 with a relentless focus on improving tight-oil completions, and an emphasis on customer partnerships and technology to find innovative answers to frac optimization. Liberty is headquartered in Denver, Colorado. For more information about Liberty, please contact Investor Relations at This email address is being protected from spambots. You need JavaScript enabled to view it.

About Schlumberger

Schlumberger is the world’s leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. With product sales and services in more than 120 countries and employing approximately 85,000 people as of the end of second quarter of 2020 who represent over 170 nationalities, Schlumberger supplies the industry’s most comprehensive range of products and services, from exploration through production, and integrated pore-to-pipeline solutions that optimize hydrocarbon recovery to deliver reservoir performance sustainably.

Schlumberger Limited has executive offices in Paris, Houston, London and The Hague, and reported revenues of $32.92 billion in 2019. For more information, visit www.slb.com.

This press 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. The opinions, forecasts and projections regarding the expected benefits of the proposed transaction; the expected timing of the completion of the transaction; the parties’ ability to complete the transaction considering the various regulatory approvals and other closing conditions; future opportunities for the combined company and its products and services; and any other statements regarding the parties’ or the combined company’s future expectations, beliefs, plans, objectives, financial conditions, assumptions or future events or performance, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to risks and uncertainties, including, but not limited to, satisfaction of the closing conditions to the proposed transaction, the timing to consummate the proposed transaction, the risk that the proposed transaction does not occur, negative effects from the pendency of the proposed transaction, the ability to realize expected synergies and other benefits from the proposed transaction, and other risks and uncertainties contained in Schlumberger’s and Liberty’s most recent Annual Reports on Form 10-K as well as each party’s other filings with the Securities and Exchange Commission (“SEC”), which are available at the SEC’s website (http://www.sec.gov). Actual results may differ materially from those expected, estimated or projected. Forward-looking statements speak only as of the date they are made, and the parties undertake no obligation to publicly update or revise any of them in light of new information, future events or otherwise.

Additional Information and Where to Find it

In connection with the proposed transaction Liberty Oilfield Services Inc. (“Liberty”) will file a proxy statement and other materials with the SEC. In addition, Liberty may also file other relevant documents with the SEC regarding the proposed transaction. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT WHEN IT BECOMES AVAILABLE AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and stockholders may obtain a free copy of the proxy statement (when available) and other documents filed by Liberty at its website, www.libertyfrac.com, or at the SEC’s website, www.sec.gov. The proxy statement and other relevant documents may also be obtained for free from Liberty by directing such request to Liberty, to the attention of Investor Relations, 950 17th Street, Suite 2400 Denver, Colorado 80202.

Participants in the Solicitation

Liberty and its respective directors, executive officers and certain other employees may be deemed to be participants in the solicitation of proxies from Liberty’s stockholders in connection with the proposed transaction. Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of Liberty’s directors and executive officers by reading Liberty’s definitive proxy statement on Schedule 14A, which was filed with the SEC on March 10, 2020. Additional information regarding potential participants in such proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be included in the proxy statement and other relevant materials filed with the SEC in connection with the proposed transaction when they become available.

Investors
Michael Stock – Liberty Oilfield Services, Chief Financial Officer
Tel: +1 303 515 2851
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Ndubuisi Maduemezia– Schlumberger Limited, Vice President of Investor Relations
Joy V. Domingo – Schlumberger Limited, Director of Investor Relations
Tel: +1 713 375 3535
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Media
Michael Stock – Liberty Oilfield Services, Chief Financial Officer
Tel: +1 303 515 2851
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Moira Duff, Corporate Communication Manager, Schlumberger Limited
Tel: +1 713 375 3494
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Card provides affordable, turnkey method to make fleets carbon neutral

ATLANTA--(BUSINESS WIRE)--FLEETCOR, a global leader in business payments, and GreenPrint, an environmental technology company, today announced the launch of the Fuelman Clean Advantage Fleet Card, the first U.S. card that automatically offsets 100% of tailpipe emissions from every gallon of fuel purchased. Through this innovative launch, FLEETCOR is helping satisfy the unmet demand for a sustainable fueling solution among small and medium-sized business fleets.

Unlike other cards on the market, the new Fuelman Clean Advantage Fleet Card’s fundamental feature is automatic carbon offsetting on every gallon purchased. Whenever a cardholder fills their tank, FLEETCOR will – through its partnership with GreenPrint – offset 100% of emissions through investments in independently certified carbon projects. Additionally, the Clean Advantage program—in conjunction with the Arbor Day Foundation—will support the planting of 10,000 trees, further underscoring FLEETCOR’s and GreenPrint’s commitment to sustainable practices and to the environment.

“By working with business owners on this initiative, FLEETCOR will play a role in combating climate change, while also helping small and medium-sized businesses reach environmentally-conscious customers,” said Keagan Russo, senior vice president, Fuelman. “We’re seeing more businesses start to build and implement better sustainability practices, and this launch with GreenPrint further emphasizes FLEETCOR’s efforts to do our part.”

The new Fuelman Clean Advantage Card offers a suite of core fuel card benefits including customizable card controls and alerts, online account management, detailed fuel & tax reporting, and 24/7 Roadside Assistance, while also offering an affordable, turnkey solution for environmentally conscious fleets. Cardholders will also have access to annual independently audited carbon offset reporting and related sustainability marketing materials.

“FLEETCOR has long been a leader in helping fleets transition to a more sustainable future, and this new card continues our support of FLEETCOR’s environmental initiatives,” said Pete Davis, CEO of GreenPrint. “Countless research shows most consumers would switch to brands supporting a good cause, so now is the time for fleet owners to embrace carbon neutrality.”

For more information about Clean Advantage or to sign up for the new Fuelman Clean Advantage Card visit https://cleanadvantageprogram.com/.

About FLEETCOR

FLEETCOR Technologies (NYSE: FLT) is a leading global business payments company that simplifies the way businesses manage and pay their expenses. The FLEETCOR portfolio of brands help companies automate, secure, digitize and control payments on behalf of their employees and suppliers. FLEETCOR serves businesses, partners and merchants in North America, Latin America, Europe, and Asia Pacific. For more information, please visit www.FLEETCOR.com.

About GreenPrint

GreenPrint is a global environmental technology company, offering sustainability as a service with patent-protected programs enabling companies the ability to offset carbon and other environmental emissions on a per transaction basis. An Inc. 5000 company and a member of 1% Percent for the Planet, GreenPrint’s turnkey offerings help companies meet sustainability goals while increasing brand value and customer loyalty – making it easy for businesses to do well by doing good. GreenPrint, A Public Benefit Corporation, is on pace to offset over 30 million metric tons of carbon by 2025. For more information please visit www.greenprint.eco and follow us on LinkedIn.

MEDIA CONTACT
Dennis Joyce
GreenPrint Holdings, Inc.
(404) 207-1947
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DUBLIN--(BUSINESS WIRE)--The "Fluids and Lubricants Market for Electric Vehicles - Global Product and Innovation Insights: Product and Innovation Focus - Analysis and Forecast, 2019-2029" report has been added to ResearchAndMarkets.com's offering.

The global fluids market for electric vehicles accounted for $850.9 million in 2018 and is expected to reach $5.74 billion by 2029. The market is anticipated to grow at a CAGR of 18.66% during the forecast period 2019 to 2029.

The global fluids market for electric vehicles is mainly segmented on the basis of product type, vehicle type, and propulsion type, and distribution channel type. This research also analyzes the adoption of electric vehicle fluids market in different regions and countries.

The prominent types of fluids which are being adopted for enhanced application in electric vehicles are greases, heat transfer fluids, driver system fluids, and brake fluids. The application of these types of fluids is in various components such as e-motors, battery systems, bearings, constant velocity joints, power electronics, gears, and the braking system of electric vehicles.

The growth in the global fluids market for electric vehicles is attributable to the rising demand for efficient and durable fluids for electric vehicles. Generally, various components of an electric vehicle generate a lot of heat during the operation of the vehicle, such as the battery system and the e-motors. This has further led to the need for better thermal management in these vehicles. The new EV fluids have added additives and dielectric properties which makes them suitable for application in electric vehicle components.

The major factor hindering market growth are certain technical challenges, such as higher cost and the viability of developing immersion cooling battery systems.

The increasing application areas for new fluids in an electric vehicle have led to the surging demand for various types of coolants and lubricants. Automotive OEMs have partnered with various fluid providers for sourcing fluids for their electric vehicles to improve the driving experience, which in turn, can increase the electric vehicle sales, which is expected to drive the market growth during the forecast period.

Competitive Landscape

The competitive landscape of the fluids market for electric vehicles consists of different strategies undertaken by major players across the oil & gas and lubrication industry to gain market presence. Some of the strategies adopted by electric vehicle fluids manufacturers are new product launches, business expansions, and partnerships, and collaborations. Among all the strategies adopted, new product launches are the leading choice of strategy implemented in the competitive landscape.

ExxonMobil, Total, Shell, Castrol, Valvoline, and Lubrizol are some of the leading players in the global fluids market for electric vehicles. Engineered Fluids, M&I Materials, and Dober are some of the emerging private companies which have remained in the limelight since last few years in the field of fluids market for electric vehicles.

Key Companies Profiled

ExxonMobil, Total, Shell, Castrol, Valvoline, Lubrizol, Engineered Fluids, M&I Materials, Dober, FUCHS, Afton Chemicals, 3M, Petronas, Motul, PolySi Technologies Inc, Kluber Lubrication, Panolin International Inc, and Infineum International Limited.

Major Questions Answered

• Which EV fluid type segment is expected to witness the maximum demand growth in the global fluids market for electric vehicles during 2019-2029?
• What is the patent landscape for the global fluids and lubricants market for electric vehicles?
• Which are the key EV parts that generate demand for different types of fluids and lubricants and which of these parts would help foster the future demand for different types of fluids and lubricants?
• Which are the players that are catering to the demand for different EV fluids?
• What are the key offerings of the prominent companies in the market for fluids for electric vehicles?
• Which regions and countries are leading in terms of consumption of global fluids market for electric vehicles, and which of them are expected to witness high demand growth from 2019 to 2029?
• How does the pricing of different fluids and lubricants vary across regions and countries?

Key Topics Covered

1 Global Analysis

1.1 Products and Specifications

1.1.1 Heat Transfer Fluids

1.1.2 Drive System Fluids

1.1.3 Brake Fluids

1.1.4 Grease

1.2 Demand Analysis (By Product)

1.2.1 Demand Analysis (by Product Type (by Application)), Value and Volume Data, 2018-2029

1.2.1.1 Grease

1.2.1.1.1 E-motors

1.2.1.1.2 Bearings

1.2.1.1.3 Constant Velocity Joints (CV Joints)

1.2.1.1.4 Others

1.2.1.2 Heat Transfer Fluids

1.2.1.2.1 Batteries

1.2.1.2.2 E-motors

1.2.1.2.3 Power Electronics

1.2.1.2.4 Others

1.2.1.3 Drive System Fluids

1.2.1.3.1 Gears

1.2.1.3.2 E-motors

1.2.1.3.3 Others

1.2.1.4 Brake Fluids

1.2.2 Demand Analysis (by Distribution Channel), Value and Volume Data, 2018-2029

1.2.2.1 OEMs

1.2.2.2 Aftermarket

1.3 Product Benchmarking: Growth Rate - Market Share Matrix

1.3.1 Opportunity Matrix, by Region

1.3.2 Opportunity Matrix, by Product Type

1.4 Patent Analysis

1.5 Global Pricing Analysis

1.6 Technology Roadmap

2 Regional Analysis

2.1 North America

2.2 South America

2.3 Europe

2.4 United Kingdom (U.K.)

2.5 Middle East and Africa

2.6 China

2.7 Asia-Pacific & Japan

3 Competitive Benchmarking & Company Profiles

3.1 Competitive Benchmarking

3.2 Company Profiles

3.2.1 Type 1 Companies (By Product Offerings): Point Solution Providers

3.2.1.1 3M

3.2.1.1.1 Company Overview

3.2.1.1.1.1 Product Portfolio

3.2.1.1.1.2 Production Sites and R&D Analysis

3.2.1.2 Afton Chemicals

3.2.1.3 Engineered Fluids

3.2.1.4 Dober

3.2.1.5 FUCHS

3.2.1.6 Infineum International Limited

3.2.1.7 Klber Lubrication

3.2.1.8 M&I Materials Limited

3.2.1.9 Motul

3.2.1.10 PANOLIN International Inc.

3.2.2 Type 2 Companies (By Product Offerings): Multiple Solution Providers

3.2.2.1 Castrol

3.2.2.2 Electrolube

3.2.2.3 Exxon Mobil Corporation

3.2.2.4 Lubrizol

3.2.2.5 Petronas

3.2.2.6 PolySi Technologies Inc.

3.2.2.7 Royal Dutch Shell

3.2.2.8 Total Lubricants

3.2.2.9 Valvoline Inc.

3.2.3 Other Key Companies

4 Research Methodology

4.1 Data Sources

4.1.1 Primary Data Sources

4.1.2 Secondary Data Sources

4.2 Data Triangulation

4.3 Market Estimation & Forecast

4.3.1 Factors for Data Prediction and Modelling

For more information about this report visit https://www.researchandmarkets.com/r/qsig95

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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MINNEAPOLIS--(BUSINESS WIRE)--Westwood Professional Services, Inc. (Westwood), a leading multi-disciplined surveying and engineering firm, announced today that it completed the acquisition of an Englewood, CO-based engineering and surveying firm, CVL Consultants of Colorado (CVL), on July 31, 2020.

CVL was founded in 2000 and provides civil engineering and surveying solutions for public and private sector clients in the Front Range. Led by CEO Karl Knapp, P.E., CVL is widely regarded for projects throughout Colorado.

Knapp says, “CVL’s interests and connections to our community run deep. Colorado stands to benefit from our newly expanded team, and we look forward to extending that benefit to our clients and community through the additional services that we will provide.”

“We are excited to work with Karl and his team to advance our strategic objectives,” says Bryan P. Powell, PE, senior vice president of Westwood’s Land Division. “CVL and Westwood share the belief that our greatest asset is our people and our business is built on our relationships. We are all very excited about the opportunities that joining forces will bring to our clients and team.”

CVL will operate as, CVL, a Westwood team (CVL) and continue to serve clients from their current location in Englewood, Colorado.

About Westwood Professional Services, Inc. (Westwood)
Westwood is a multi-disciplined national surveying and engineering services provider for private development, public infrastructure, wind energy, solar energy, energy storage, and electric transmission projects. Westwood was established in 1972 in Minneapolis, Minnesota and has grown to serve clients across the nation from multiple US offices. View more Westwood facts.

Awards
In 2020, Westwood ranked in the top 5 on Zweig Group’s Best Firms to Work For and Hot Firms Lists. The firm is consistently ranked on industry top 25 lists and receives recognition for its involvement on award-winning projects nationwide.

Sarah Kopp
Brand Communications Coordinator
952-207-7606
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.westwoodps.com

4,550 General Motors Dealership Locations in North America to Implement the New Technology

ORANGE, Calif.--(BUSINESS WIRE)--#AlexParker--Redline Detection, the world’s leader in diagnostic leak detection technology, announced today that they will provide essential equipment to General Motors that will be required in all 4,550 GM dealerships in the United States and Canada. The GMDE essential equipment program is being managed by Snap-on Business Solutions. GM dealer locations will receive the tool between August and December 2020.

“General Motors has long been at the forefront of technological innovation and so has Redline Detection. As an American manufacturer, we are incredibly proud to design, engineer and build this essential technology for GM,” said Alex Parker, CMO of Redline. “Turbocharged vehicles now make up nearly half of new GM models. GMDE has made PowerSmoke™ technology essential to ensure peak performance for the life of the vehicle. This program will result in dramatic warranty savings for the company with a fast ROI of just 8.2 weeks. The tool will provide substantial technician time savings for dealer service departments and will enhance GM’s already exceptional customer satisfaction rating,” said Parker.

PowerSmoke™ is specifically engineered to test the integrity of turbo, boosted, high pressure systems in one quick procedure, saving valuable technician hours and driving first time fix. Variable pressure from 2-20 PSI and variable flow allow technicians to simulate the boost load of a running engine for testing with the engine safely off. The machine creates a dense, easily visible vapor, free of dyes and contaminants, safe for vehicles, safe for technicians and safe for the environment. GM leads the industry in technical innovations that are environmentally friendly. PowerSmoke™ technology allows technicians to efficiently improve emissions and increase fuel economy while maximizing performance.

Many GM dealer locations have already received the equipment. “This tool has been well worth the money we spent on it in diagnostic time saved. At our store, PowerSmoke™ is used on a daily basis,” said Chad Stevens, Kendall Chevrolet Parts and Service Director.

PowerSmoke™ has been chosen as an essential tool by major OEMs in 114 countries and applauded by the automotive industry. The equipment has won the PTEN Innovation Award; included Power INTAKE™ adaptors won both the Innovation Award and the prestigious Motor Top 20 Tool Award. PowerSmoke™ technology has been chosen for more OEM essential tool programs than any other boosted diagnostic technology worldwide.

About General Motors

General Motors is a multinational corporation headquartered in Detroit, Michigan. GM is the largest American automobile manufacturer and owner of Chevrolet, Buick, GMC and Cadillac. For over 100 years, GM has been a leader in manufacturing and engineering, designing innovative solutions for complex problems in the automotive industry. GM introduced the first catalytic converter, developed the first air bags and were the first automaker to mass-produce an electric car. GM has also set an example for the rest of the industry to lower energy, waste and CO2 emissions for a cleaner environment.

About Redline Detection

Redline Detection, headquartered in Orange, Calif., develops and manufactures the world’s best-selling diagnostic leak detection equipment. From the world’s leading OEMs to individual technicians, Redline Detection has built a global fan base for its professional grade custom diagnostic solutions, as well as its ability to increase the bottom line. To learn more about Redline Detection and its award-winning products, please visit www.redlinedetection.com.

About Snap-on Business Solutions

Snap-on Business Solutions provides turn-key support services to OEMs for essential tool programs, equipment programs and essential diagnostic programs. We have best-in-class support for warehouse, call center, marketing, web technology, account management, field support and business reporting. We design our flexible programs to meet the unique needs of each of our specific customers. Dealerships need to fix it right the first time. To do that, they need the right tools and equipment.

Julia Morris
This email address is being protected from spambots. You need JavaScript enabled to view it.
Redline Detection
+1 714 -451-1411

LONDON--(BUSINESS WIRE)--#GlobalIndustrialHighVoltageMotorsMarket--Technavio has been monitoring the industrial high voltage motors market and it is poised to grow by USD 1.01 billion during 2020-2024, progressing at a CAGR of over 3% 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. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

• Based on segmentation by end-user, which is the leading segment in the market?

• The oil and gas industry are expected to be the leading segment based on end-user in the global market during the forecast period.

• What are the major trends in the market?

• Demand of smart sensors with industrial high voltage motors is one of the major trends in the market.

• At what rate is the market projected to grow?

• Growing at a CAGR of over 3%, the incremental growth of the market is anticipated to be USD 1.01 billion.

• Who are the top players in the market?

• ABB Ltd., CG Power and Industrial Solutions Ltd., General Electric Co., Hitachi Ltd., Meidensha Corp., Nidec Corp., Regal Beloit Corp., Siemens AG, Toshiba International Corp., and WEG Equipamentos Eletricos SA. are some of the major market participants.

• What are the key market drivers and challenges?

• Use of customized industrial high voltage motors is one of the major factors driving the market. However, the need to comply with strict regulations restraints the market growth.

• How big is the APAC market?

• The APAC region will contribute 51% of market growth.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABB Ltd., CG Power and Industrial Solutions Ltd., General Electric Co., Hitachi Ltd., Meidensha Corp., Nidec Corp., Regal Beloit Corp., Siemens AG, Toshiba International Corp., and WEG Equipamentos Eletricos SA are some of the major market participants. The use of customized industrial high voltage motors will offer immense growth opportunities. To make 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.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Industrial High Voltage Motors Market 2020-2024: Segmentation

Industrial High Voltage Motors Market is segmented as below:

• End user
  • Oil and Gas Industry
  • Chemicals and Petrochemicals Industry
  • Utilities Sector
  • Water and Wastewater Treatment Industry
  • Others
• Geography
  • APAC
  • Europe
  • North America
  • MEA
  • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43610

Industrial High Voltage Motors 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 industrial high voltage motors market report covers the following areas:

• Industrial High Voltage Motors Market Size
• Industrial High Voltage Motors Market Trends
• Industrial High Voltage Motors Market Analysis

This study identifies demand of smart sensors with industrial high voltage motors as one of the prime reasons driving the industrial high voltage motors 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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Industrial High Voltage Motors Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist industrial high voltage motors market growth during the next five years
• Estimation of the industrial high voltage motors market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the industrial high voltage motors market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of industrial high voltage motors market vendors

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Market characteristics
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by End-user

• Market segments
• Comparison by End-user
• Oil and gas industry - Market size and forecast 2019-2024
• Chemicals and petrochemicals industry - Market size and forecast 2019-2024
• Utilities sector - Market size and forecast 2019-2024
• Water and wastewater treatment industry - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by End-user

Customer landscape

• Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• ABB Ltd.
• CG Power and Industrial Solutions Ltd.
• General Electric Co.
• Hitachi Ltd.
• Meidensha Corp.
• Nidec Corp.
• Regal Beloit Corp.
• Siemens AG
• Toshiba International Corp.
• WEG Equipamentos Eletricos SA

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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.

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: www.technavio.com/