DUBLIN--(BUSINESS WIRE)--The "Express Delivery Market by Application, End Use and Destination: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.
Express delivery is the quickest method of shipping. The client pays an additional shipping fee for express delivery as the shipment will be done within 24-72 hours. It mainly includes non-palletized packages of documents, parcels, letters, merchandise, and other consumer goods to various customers such as retail customers, business customers, and government agencies in specific destinations. Also, express delivery services are coupled with a variety of value-added services, such as packaging, labeling, billing, payment collection, and return, to improvise the delivery experience for the user.
The rapid growth of the e-commerce industry coupled with rise in B2C deliveries and international trade services propel the market growth. However, lack of infrastructure in several developing countries and higher operational costs of express delivery services are expected to hinder the market growth. Furthermore, various technological advancements in delivery services such as IoT, artificial intelligence & machine learning and emergence of last-mile deliveries coupled with the advancements in delivery vehicles are some of the factors offering future opportunities for the market growth.
The market is segmented on the basis of application, end-use, and destination. Based on application, it is bifurcated into B2B and B2C. By end-use, it is divided into e-commerce platform, document service and others. On the basis of destination, it is categorized into domestics and international. Region wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.
COVID-19 Impact Analysis:
The outbreak of COVID-19 resulted in flight cancellations, travel bans, and quarantines, which led to massive slowing of the supply chain and logistics activities including express deliveries across the world. Also, the supply chain disturbance created by COVID-19 is expected to impact the competitiveness, economic growth, and jobs lost in the delivery industry.
Although, there has been increasing urgent demand for healthcare and FMCG supplies, such as hospital supplies, gloves, sanitizers, vaccinations, and perishable food items, which propels the growth of the express delivery market during the COVID-19 pandemic. Also, significant growth in B2C e-commerce and daily essentials goods deliveries during the pandemic positively affects the express delivery market during COVID situation. For instance, according to new data from IBM's U.S. Retail Index, the pandemic has accelerated the shift away from physical stores to digital shopping.
Key Benefits
Market Dynamics
Drivers
Restraints
Opportunities
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/60qqro
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced that Scott Rowe, president and chief executive officer, will present virtually at the 9th Annual Credit Suisse Industrial Conference on December 2, 2021 at 8:10 a.m. EST.
A webcast of Mr. Rowe’s presentation will be available for shareholders and other interested parties at www.flowserve.com under the “Investor Relations” section.
About Flowserve: Flowserve Corp. is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company’s Web site at www.flowserve.com.
Safe Harbor Statement: This news release includes 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, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.
The forward-looking statements included in this news release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the following: the impact of the global outbreak of COVID-19 on our business and operations; a portion of our bookings may not lead to completed sales, and our ability to convert bookings into revenues at acceptable profit margins; changes in global economic conditions and the potential for unexpected cancellations or delays of customer orders in our reported backlog; our dependence on our customers’ ability to make required capital investment and maintenance expenditures; if we are not able to successfully execute and realize the expected financial benefits from our strategic transformation and realignment initiatives, our business could be adversely affected; risks associated with cost overruns on fixed-fee projects and in taking customer orders for large complex custom engineered products; the substantial dependence of our sales on the success of the oil and gas, chemical, power generation and water management industries; the adverse impact of volatile raw materials prices on our products and operating margins; economic, political and other risks associated with our international operations, including military actions, trade embargoes, epidemics or pandemics or changes to tariffs or trade agreements that could affect customer markets, particularly North African, Russian and Middle Eastern markets and global oil and gas producers, and non-compliance with U.S. export/re-export control, foreign corrupt practice laws, economic sanctions and import laws and regulations; increased aging and slower collection of receivables, particularly in Latin America and other emerging markets; our exposure to fluctuations in foreign currency exchange rates, including in hyperinflationary countries such as Venezuela and Argentina; our furnishing of products and services to nuclear power plant facilities and other critical processes; potential adverse consequences resulting from litigation to which we are a party, such as litigation involving asbestos-containing material claims; expectations regarding acquisitions and the integration of acquired businesses; our relative geographical profitability and its impact on our utilization of deferred tax assets, including foreign tax credits; the potential adverse impact of an impairment in the carrying value of goodwill or other intangible assets; our dependence upon third-party suppliers whose failure to perform timely could adversely affect our business operations; the highly competitive nature of the markets in which we operate; environmental compliance costs and liabilities; potential work stoppages and other labor matters; access to public and private sources of debt financing; our inability to protect our intellectual property in the U.S., as well as in foreign countries; obligations under our defined benefit pension plans; our internal control over financial reporting may not prevent or detect misstatements because of its inherent limitations, including the possibility of human error, the circumvention or overriding of controls, or fraud; the recording of increased deferred tax asset valuation allowances in the future or the impact of tax law changes on such deferred tax assets could affect our operating results; our information technology infrastructure could be subject to service interruptions, data corruption, cyber-based attacks or network security breaches, which could disrupt our business operations and result in the loss of critical and confidential information; ineffective internal controls could impact the accuracy and timely reporting of our business and financial results; and other factors described from time to time in our filings with the Securities and Exchange Commission.
All forward-looking statements included in this news release are based on information available to us on the date hereof, and we assume no obligation to update any forward-looking statement.
Investor Contacts:
Jay Roueche, Vice President, Investor Relations & Treasurer, (972) 443-6560
Mike Mullin, Director, Investor Relations, (972) 443-6636
Media Contact:
Lars Rosene, Vice President, Corporate Communications & Public Affairs, (972) 443-6644
DUBLIN--(BUSINESS WIRE)--The "Thermal Spray Coating For Oil and Gas Market Review 2021 and Strategic Plan for 2022 - Insights, Trends, Competition, Growth Opportunities, Market Size, Market Share Data and Analysis Outlook to 2028" report has been added to ResearchAndMarkets.com's offering.
The Thermal Spray Coating For Oil and Gas Market is expected to register an attractive growth rate during the outlook period driven by technological innovations and application-specific developments. Market Players in the Thermal Spray Coating For Oil and Gas Market business are aligning their operating model to the new normal by pivoting towards digitalization of operations and adapting to emerging technologies in robotic automation and artificial intelligence.
COVID Impact and Post COVID Scenario Analysis
Companies that are adding capacities aggressively to cater to the short-term COVID-induced demand need to be cautious in analyzing these unprecedented demand patterns. Post pandemic transformations in social, economic, trade, and political conditions with expected reforms in environmental regulations will shape the future of the Thermal Spray Coating For Oil and Gas Market industry from 2021 to 2025. Thermal Spray Coating For Oil and Gas Market has reported mixed results during the COVID 19 for different applications and geographies. The research identifies segment-wise implications of the pandemic and offers different case scenarios representing the Thermal Spray Coating For Oil and Gas Market growth prospects to 2028.
Latest Trends, Drivers, Opportunities, and Challenges
Customizing products to cater to a specific application than improvising the product characteristics on a whole has been the emerging trend in the Thermal Spray Coating For Oil and Gas Market. Enterprises should incorporate digitally connected processes and focus on operational efficiency, diversifying supply sources, and cost management to create opportunities in the Thermal Spray Coating For Oil and Gas Market during the forecast period. Uneven recovery in different end markets and geographies is a key challenge in understanding and analyzing the Thermal Spray Coating For Oil and Gas Market landscape.
Competition, Strategies and Company Profiles
While catering to the short-term needs of the market, Thermal Spray Coating For Oil and Gas Market players can address this uncertainty with a clear revision of the product portfolio and a lucid long-term strategy with scenario planning. Investing in innovation, identifying emerging applications, and developing sensible business models to generate sustained growth are the winning strategies in the future Thermal Spray Coating For Oil and Gas Market. The report presents detailed profiles of top companies serving the Thermal Spray Coating For Oil and Gas Market value chain along with their strategies for the near, medium, and long term period.
Thermal Spray Coating For Oil and Gas Market Research Scope
Key Topics Covered:
1. Table of Contents
2. Global Thermal Spray Coating For Oil and Gas Market Review, 2020
3. Thermal Spray Coating For Oil and Gas Market Insights
4. Thermal Spray Coating For Oil and Gas Market Trends, Drivers, and Restraints
5 Five Forces Analysis for Global Thermal Spray Coating For Oil and Gas Market
6. Global Thermal Spray Coating For Oil and Gas Market Data - Industry Size, Share, and Outlook
7. Asia Pacific Thermal Spray Coating For Oil and Gas Market Industry Statistics - Market Size, Share, Competition and Outlook
8. Europe Thermal Spray Coating For Oil and Gas Market Historical Trends, Outlook, and Business Prospects
9. North America Thermal Spray Coating For Oil and Gas Market Trends, Outlook, and Growth Prospects
10. Latin America Thermal Spray Coating For Oil and Gas Market Drivers, Challenges, and Growth Prospects
11. Middle East Africa Thermal Spray Coating For Oil and Gas Market Outlook and Growth Prospects
12. Thermal Spray Coating For Oil and Gas Market Structure and Competitive Landscape
13. Latest News, Deals, and Developments in Thermal Spray Coating For Oil and Gas Market
14. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/irhtx8
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
SPRING, Texas--(BUSINESS WIRE)--Southwestern Energy Company (NYSE: SWN) (the “Company”) today announced additional natural gas derivatives implemented by the Company and GEP Haynesville, LLC (“GEP”) to support the repayment of the borrowings contemplated by the Company to help finance its pending acquisition of GEP. The incremental positions are sufficient to cover at least 80% of the expected 2022 to 2024 production from the acquired properties.
“Protecting financial strength is one of the core pillars of our strategy. With these incremental and acquisition-specific hedge positions executed at favorable prices, we have locked in sufficient cash flow to repay acquisition debt in a timely manner, which aligns with our stated goal to reduce our total debt to a target range of $3.0 billion to $3.5 billion,” said Bill Way, Southwestern Energy President and Chief Executive Officer.
Please refer to the Company’s quarterly report on Form 10-Q filed with the Securities and Exchange Commission for complete information on the Company’s commodity, basis and interest rate protection.
|
|
|
Weighted Average Price per MMBtu |
||||||||||
|
Volume (Bcf) |
|
Swaps |
|
Sold Puts |
|
Purchased
|
|
Sold Calls |
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Combined SWN + GEP natural gas derivatives – October 1, 2021 through November 26, 2021(1) |
|||||||||||||
2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed price swaps |
116 |
|
$ |
4.30 |
|
$ |
— |
|
$ |
— |
|
$ |
— |
Two-way costless collars |
3 |
|
|
— |
|
|
— |
|
|
5.00 |
|
|
6.80 |
Total |
119 |
|
|
|
|
|
|
|
|
|
|
|
|
2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed price swaps |
183 |
|
$ |
3.47 |
|
$ |
— |
|
$ |
— |
|
$ |
— |
Two-way costless collars |
92 |
|
|
— |
|
|
— |
|
|
3.25 |
|
|
4.02 |
Total |
275 |
|
|
|
|
|
|
|
|
|
|
|
|
2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed price swaps |
167 |
|
$ |
3.13 |
|
$ |
— |
|
$ |
— |
|
$ |
— |
Two-way costless collars |
44 |
|
|
— |
|
|
— |
|
|
3.07 |
|
|
3.64 |
Total |
211 |
|
|
|
|
|
|
|
|
|
|
|
|
| (1) | Represents the combined derivatives entered into on a stand-alone basis by SWN and by GEP from October 1, 2021 to November 26, 2021. Upon acquisition close, GEP’s derivative positions are expected to be novated to SWN. |
|
|
|
Weighted Average Price per MMBtu |
||||||||||
|
Volume (Bcf) |
|
Swaps |
|
Sold Puts |
|
Purchased
|
|
Sold Calls |
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SWN natural gas derivative position as of September 30, 2021 |
|||||||||||||
2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed price swaps |
539 |
|
$ |
2.77 |
|
$ |
— |
|
$ |
— |
|
$ |
— |
Two-way costless collars |
141 |
|
|
— |
|
|
— |
|
|
2.66 |
|
|
3.06 |
Three-way costless collars |
333 |
|
|
— |
|
|
2.06 |
|
|
2.51 |
|
|
2.94 |
Total |
1,013 |
|
|
|
|
|
|
|
|
|
|
|
|
2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed price swaps |
274 |
|
$ |
2.76 |
|
$ |
— |
|
$ |
— |
|
$ |
— |
Two-way costless collars |
83 |
|
|
— |
|
|
— |
|
|
2.69 |
|
|
2.92 |
Three-way costless collars |
215 |
|
|
— |
|
|
2.09 |
|
|
2.54 |
|
|
3.00 |
Total |
572 |
|
|
|
|
|
|
|
|
|
|
|
|
2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed price swaps |
57 |
|
$ |
2.43 |
|
$ |
— |
|
$ |
— |
|
$ |
— |
Three-way costless collars |
11 |
|
|
— |
|
|
2.25 |
|
|
2.80 |
|
|
3.54 |
Total |
68 |
|
|
|
|
|
|
|
|
|
|
|
|
GEP natural gas derivative position as of September 30, 2021 |
|||||||||||||
2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed price swaps |
75 |
|
$ |
2.94 |
|
$ |
— |
|
$ |
— |
|
$ |
— |
Three-way costless collars |
14 |
|
|
— |
|
|
2.15 |
|
|
2.65 |
|
|
2.86 |
Total |
89 |
|
|
|
|
|
|
|
|
|
|
|
|
About Southwestern Energy
Southwestern Energy Company (NYSE: SWN) is a leading U.S. producer of natural gas and natural gas liquids focused on responsibly developing large-scale energy assets in the nation’s most prolific shale gas basins. SWN’s returns-driven strategy strives to create sustainable value for its stakeholders by leveraging its scale, financial strength and operational execution. For additional information, please visit www.swn.com and www.swn.com/responsibility.
About GEP Haynesville
GEP Haynesville, LLC, a joint venture formed by the principals of GeoSouthern Haynesville, LP and a private equity firm, and based in the Woodlands, Texas, is a leading energy company focused on the development of natural gas properties in the stacked Haynesville and Middle Bossier shale plays in North Louisiana.
Forward-Looking Statements
Certain statements and information herein may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act, as amended. The words “believe,” “expect,” “anticipate,” “plan,” "predict," “intend,” "seek," “foresee,” “should,” “would,” “could,” “attempt,” “appears,” “forecast,” “outlook,” “estimate,” “project,” “potential,” “may,” “will,” “likely,” “guidance,” “goal,” “model,” “target,” “budget” and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Statements may be forward looking even in the absence of these particular words. Examples of forward-looking statements include, but are not limited to, statements regarding the proposed acquisition of GEP Haynesville, LLC (the “Proposed Transaction”), costs in connection with the Proposed Transaction, estimated financial metrics giving effect to the Proposed Transaction, including the estimate of additional year-end 2021 reserves and related pricing assumptions, expected natural gas production from properties in connection with the Proposed Transaction, repayment of our debt, total amount of our debt, our financial position, business strategy, production, reserve growth and other plans and objectives for our future operations, and generation of free cash flow. These forward-looking statements are based on our current expectations and beliefs concerning future developments and their potential effect on us. The forward-looking statements contained in this document are largely based on our expectations for the future, which reflect certain estimates and assumptions made by our management. These estimates and assumptions reflect our best judgment based on currently known market conditions, operating trends, and other factors. Although we believe such estimates and assumptions to be reasonable, they are inherently uncertain and involve a number of risks and uncertainties that are beyond our control. As such, management’s assumptions about future events may prove to be inaccurate. For a more detailed description of the risks and uncertainties involved, see “Risk Factors” in our most recently filed Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other SEC filings. We do not intend to publicly update or revise any forward-looking statements as a result of new information, future events, changes in circumstances, or otherwise. These cautionary statements qualify all forward-looking statements attributable to us, or persons acting on our behalf. Management cautions you that the forward-looking statements contained herein are not guarantees of future performance, and we cannot assure you that such statements will be realized or that the events and circumstances they describe will occur. Factors that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements herein include, but are not limited to: the timing and extent of changes in market conditions and prices for natural gas, oil and natural gas liquids (“NGLs”), including regional basis differentials and the impact of reduced demand for our production and products in which our production is a component due to governmental and societal actions taken in response to COVID-19 or other public health crises and any related company or governmental policies and actions to protect the health and safety of individuals or governmental policies or actions to maintain the functioning of national or global economies and markets; our ability to accurately estimate the future amount of natural gas produced at the properties in connection with the Proposed Transaction; our ability to fund our planned capital investments; a change in the amount of our debt; a change in our credit rating, an increase in interest rates and any adverse impacts from the discontinuation of the London Interbank Offered Rate; the extent to which lower commodity prices impact our ability to service or refinance our existing debt; the impact of volatility in the financial markets or other global economic factors; difficulties in appropriately allocating capital and resources among our strategic opportunities; the timing and extent of our success in discovering, developing, producing and estimating reserves; our ability to maintain leases that may expire if production is not established or profitably maintained; our ability to realize the expected benefits from recent acquisitions or the Proposed Transaction; costs in connection with the Proposed Transaction; the consummation of or failure to consummate the Proposed Transaction and the timing thereof; integration of operations and results subsequent to the Proposed Transaction; our ability to transport our production to the most favorable markets or at all; the impact of government regulation, including changes in law, the ability to obtain and maintain permits, any increase in severance or similar taxes, and legislation or regulation relating to hydraulic fracturing, climate and over-the-counter derivatives; the impact of the adverse outcome of any material litigation against us or judicial decisions that affect us or our industry generally; the effects of weather; increased competition; the financial impact of accounting regulations and critical accounting policies; the comparative cost of alternative fuels; credit risk relating to the risk of loss as a result of non-performance by our counterparties; and any other factors listed in the reports we have filed and may file with the SEC that are incorporated by reference herein. All written and oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary statement.
Use of Non-GAAP Information
This news release contains non-GAAP financial measures, such as net cash flow, free cash flow, net debt and adjusted EBITDA, including certain key statistics and estimates. We report our financial results in accordance with accounting principles generally accepted in the United States of America (“GAAP”). However, management believes certain non-GAAP performance measures may provide users of this financial information additional meaningful comparisons between current results and the results of our peers and of prior periods. Please see the Appendix for definitions of the non-GAAP financial measures that are based on reconcilable historical information.
Use of Projections
The financial, operational, industry and market projections, estimates and targets in this news release are forward-looking statements that are based on assumptions that are inherently subject to significant uncertainties and contingencies, many of which are beyond SWN's and GEP’s control. The assumptions and estimates underlying the projected, expected or target results are inherently uncertain and are subject to a wide variety of significant business, economic, regulatory and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the financial, operational, industry and market projections, estimates and targets, including assumptions, risks and uncertainties described in "Forward-looking Statements" above.
Investor Contacts
Brittany Raiford
Director, Investor Relations
(832) 796-7906
This email address is being protected from spambots. You need JavaScript enabled to view it.
Analytics and insights software platform, Raptor Solar, now includes unlimited inspection reports, normalization of data and a host of new productivity tools.
BOSTON--(BUSINESS WIRE)--#SaaS--Raptor Maps has launched several new features for its analytics and insights software platform, Raptor Solar, aimed at improving productivity, lifting performance and increasing ROI of solar assets. Their software-as-a-service platform for the entire solar lifecycle — from financing and construction through operations — is powered by machine learning and data that Raptor Maps has gathered from over 50 GW of solar power production across 40 countries.
Raptor Solar builds robust digital twins, or digital maps, of solar arrays. The subscription software platform now comes with unlimited inspection reports that are input agnostic — drones, planes, satellites or sensors. The platform can even digitize, standardize and store third party reports.
This enables customers to compare PV module inspection results and degradation over time for a bird’s eye view of solar assets. Users can visualize long term degradation, view recurring issues and trending anomalies as well as keep track of issue resolution. The software allows customers to quantify financial and production loss and even benchmark portfolios against their global database of PV system anomalies.
An industry-first, Raptor Solar also allows you to normalize inspection measurements with sensor and weather data across multiple inspections. Integrate inverter, combiner, pyranometer and other sensor data with inspection reports. Power production, irradiance and other data streams can all be imported, offering context around anomalies as well as more quantitative evidence of asset degradation. The software integrates with SCADA or DAS systems with a few simple clicks to automate otherwise time intensive processes.
This makes meeting BloombergNEF Tier 1 module OEM warranty requirements easier and faster. Using irradiance measurements, aerial thermography results are normalized to Standard Test Conditions (STC), allowing you to quickly get warranty claims processed with less back and forth.
Raptor Solar also now includes several productivity tools to allow teams to work efficiently and communicate effectively — from technicians to executives. The software provides a centralized and secure place to store inspection reports, documents, CAD files, technical specifications, performance models, warranty documentation, shipping receipts, photographs and data. Store all information in one place required for warranty claims, financial or M&A due diligence and general solar farm maintenance, enabling collaboration between parties. Raptor Solar also lets you download original imagery and data for a higher level of auditability.
“We saw an opportunity to accelerate solar industry performance with data, analytics, software and machine learning while making it easier to manage solar installations,” said Nikhil Vadhavkar, CEO & Co-Founder of Raptor Maps. “Customers have easily and quickly been able to deploy Raptor Solar, uniting previously siloed data and unlocking actionable learnings that increase productivity.”
Additional new features include as-built field navigation and serial number geo-location. These build upon the company’s previously-launched barcode scanning and serial number mapping application, the first of its kind for the solar industry. An Android or Apple mobile phone or any Bluetooth scanner allows you to scan barcodes on PV modules, validate serial numbers against OEM verified data and store the data, geo-tagged to your as-built.
The serial number scanning app lets you verify solar supply chains for safe harboring and tax incentive eligibility. You can use the app to validate construction progress in real time or at mechanical or substantial completion. Technicians can scan serial numbers on site for location relative to anomalies. After repairs or replacement, subsequent inspections can confirm punch list completion. The mobile app can be used while on site to view data from inverters and weather stations. And the app lets users export serial number data to spreadsheets, including PV module latitudes and longitudes.
Globally, solar power is in the spotlight as many renewable energy companies seek to reduce the levelized cost of electricity and find innovative ways to identify and track issues with renewable energy equipment. Raptor Maps is one of few companies that provide PV aerial inspections powered by machine learning that meet the standards of the International Electrotechnical Commission. Raptor Maps inspections empower commercial, industrial and utility-scale solar owners and operators to take action on various types of solar equipment degradation, increasing performance and ultimately lifting ROI.
About Raptor Maps
Raptor Maps offers an advanced software platform to standardize data, analyze insights and collaborate across solar. Commissioning info, serial number mapping, equipment records, inspections, aerial thermography, warranty claims, mobile tools and more — all powered by their industry-leading data model. Intelligence for the entire solar industry — asset owners, managers, O&M, engineers, EPCs, financiers and OEMs. Standardize and compare data across installations, increase performance and reduce costs. For more, visit RaptorMaps.com.
Nikhil Vadhavkar
Raptor Maps, Inc.
This email address is being protected from spambots. You need JavaScript enabled to view it.
DALLAS--(BUSINESS WIRE)--Leeward Renewable Energy Operations, LLC (“Leeward”), today announced that it has posted to its secure investor relations site key operating and financial results for the third-quarter 2021, and that it will hold an investor conference call on December 7, 2021, at 10:30 a.m. CST. Investors who hold Leeward’s 4.250% Senior Notes due in 2029 (the “Notes”), prospective investors, broker-dealers, and securities analysts who have previously registered for access can access these reports on Leeward’s secure site here. Leeward has also posted dial-in instructions on the secure investor relations site.
A recording and transcript of the call will be posted to the secure site within 24 hours of the call.
For information on how to access the site, visit https://www.leewardenergy.com/request-access/ or contact Investor Relations at This email address is being protected from spambots. You need JavaScript enabled to view it..
About Leeward Renewable Energy Operations, LLC
Leeward Renewable Energy, LLC is a leading renewable energy company that owns and operates a portfolio of 21 renewable energy facilities across nine states totaling approximately 2,000 megawatts of generating capacity. Leeward is actively developing new wind, solar, and energy storage projects in energy markets across the U.S., with 17 gigawatts under development spanning over 100 projects. Leeward is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada’s largest defined benefit pension plans with C$114 billion in net assets (as at June 30, 2021). For more information, visit www.leewardenergy.com.
Kelly Kimberly
Sard Verbinnen & Co.
713.822.7538
This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Growth Opportunities in the Global CNG Tank Market" report has been added to ResearchAndMarkets.com's offering.
The future of the global CNG tank market is attractive with opportunities in various end use industries, including automotive and bulk transportation. The global CNG tank market is declined in 2020 due to the global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $1.6 billion by 2025 with a CAGR of 7.8% from 2021 to 2026. The major drivers for market growth are increasing number of natural gas vehicles (NGVs) and lower cost of natural gas than gasoline and diesel.
Companies Mentioned
Emerging trends, which have a direct impact on the dynamics of the industry, include the increase in green fleet and development of type V tanks. The study includes trends and forecasts for the global CNG tank market by application, tank type, material consumption, and region.
In this market, type I, type II, type III, and type IV are the major CNG tank types used in different end use industries. The analyst forecasts that tank I will remain the largest segment by value and volume over the forecast period due to its lower cost and higher demand from countries in the APAC and ROW regions which have large NGV fleet.
Within the global CNG tank market, automotive will remain the largest end use industry and it is also expected to witness the highest growth over the forecast period. Expected growth in the fleet of alternative fuel powered vehicles is the major driving factor that is likely to spur growth for this segment over the forecast period.
This report answers the following 11 key questions
Q.1 What are some of the most promising potential, high-growth opportunities for the global CNG tank market by tank type (type I, type II, type III, and type IV), end use industry (automotive and bulk transportation), material consumption (glass fiber composites, carbon fiber composites, metal material), and region (North America, Europe, Asia Pacific, and the Rest of the World)
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the CNG tank market?
Q.5 What are the business risks and threats to the CNG tank market?
Q.6 What are the emerging trends in this CNG tank market and the reasons behind them?
Q.7 What are some changing demands of customers in the CNG tank market?
Q.8 What are the new developments in the CNG tank market? Which companies are leading these developments?
Q.9 Who are the major players in the CNG tank market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in the CNG tank market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities did take place in the last five years in the CNG tank market?
Key Topics Covered:
1. Executive Summary
2. Market Background and Classifications
2.1: Introduction, Background, and Classifications
2.2: Markets Served
2.2.1: Automotive
Light-Duty Vehicles
Heavy-Duty Vehicles
2.2.2: Bulk Transportation Tanks
2.3: Supply Chain
2.4: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2015 to 2026
3.1: Macroeconomic Trends and Forecast
3.2: Global CNG Tank Market Trends and Forecast Error! Bookmark not defined.
3.3: Global CNG Tank Market by Application
3.3.1: Automotive CNG Tank Market
3.3.1.1: By Tank Type
3.3.1.2: By Vehicle Type
3.3.2: Bulk Transportation CNG Tank Market
3.3.2.1: By Tank Type
3.4: Global CNG Tank Market by Tank Type
3.4.1: Type I Tanks
3.4.2: Type II Tanks
3.4.3: Type III Tanks
3.4.4: Type IV Tanks
3.5: Global CNG Tank Type by Material Consumption
3.5.1: Glass Fiber Composites
3.5.2: Carbon Fiber Composite
3.5.3: Metal Material
4. Market Trends and Forecast Analysis by Region
4.1: Global CNG Tank Market by Region
4.2: North American CNG Tank Market
4.3: European CNG Tank Market
4.4: APAC CNG Tank Market
4.5 ROW CNG Tank Market
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Market Share Analysis
5.3: Operational Integration
5.4: Geographical Reach
5.5: Porter's Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.2: Emerging Trends in the Global CNG Tank Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global CNG Tank Market
6.3.3 Mergers, Acquisitions, and Joint Ventures in the Global CNG Tank Market
6.3.4: Certification
7. Company Profiles of Leading Players
For more information about this report visit https://www.researchandmarkets.com/r/njizlt
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
HOUSTON--(BUSINESS WIRE)--Halliburton Company (NYSE: HAL) will host a conference call on Monday, January 24, 2022, to discuss its fourth quarter 2021 financial results. The call will begin at 8:00 AM Central Time (9:00 AM Eastern Time).
The Company will issue a press release regarding the fourth quarter 2021 earnings prior to the conference call. The press release will be posted on the Halliburton website at www.halliburton.com.
Please click here to pre-register for the conference call and obtain your dial in number and passcode. You can also visit the Halliburton website to listen to the call via live webcast. Attendees should log in to the webcast or dial in approximately 15 minutes prior to the start of the call.
A replay of the conference call will be available on Halliburton’s website until January 31, 2022. Also, a replay may be accessed by telephone at (855) 859-2056 within North America or +1 (404) 537-3406 outside of North America, using the passcode 1695253.
About Halliburton
Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. With approximately 40,000 employees, representing 130 nationalities in more than 70 countries, the company helps its customers maximize value throughout the lifecycle of the reservoir – from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the asset. Visit the company’s website at www.halliburton.com. Connect with Halliburton on Facebook, Twitter, LinkedIn, Instagram and YouTube.
For Investors:
David Coleman
Investor Relations
This email address is being protected from spambots. You need JavaScript enabled to view it.
281-871-2688
For News Media:
Emily Mir
External Affairs
This email address is being protected from spambots. You need JavaScript enabled to view it.
281-871-2601
CAMPBELL, Calif.--(BUSINESS WIRE)--Event time in first paragraph, first sentence of release issued Nov. 23, 2021 should read: 8:55 a.m. Pacific Time (instead of 9:55 a.m. Pacific Time).
The updated release reads:
VELO3D CEO BENNY BULLER TO PRESENT AT THE CREDIT SUISSE 25TH ANNUAL TECHNOLOGY CONFERENCE
Velo3D, Inc. (NYSE: VLD), a leading additive manufacturing technology company for mission-critical metal parts, announced today that Benny Buller, CEO, will speak at the Credit Suisse 25th Annual Technology Conference on December 1, 2021 at 8:55 a.m. Pacific Time.
The live webcast and replay of the presentation can be accessed from the Events page of the Investor Relations section of Velo3D’s website at ir.velo3d.com.
About Velo3D:
Velo3D is a metal 3D printing technology company. 3D printing—also known as additive manufacturing (AM)—has a unique ability to improve the way high-value metal parts are built. However, legacy metal AM has been greatly limited in its capabilities since its invention almost 30 years ago. This has prevented the technology from being used to create the most valuable and impactful parts, restricting its use to specific niches where the limitations were acceptable.
Velo3D has overcome these limitations so engineers can design and print the parts they want. The company’s solution unlocks a wide breadth of design freedom and enables customers in space exploration, aviation, power generation, energy and semiconductor to innovate the future in their respective industries. Using Velo3D, these customers can now build mission-critical metal parts that were previously impossible to manufacture. The end-to-end solution includes the Flow™ print preparation software, the Sapphire® family of printers, and the Assure™ quality control system—all of which are powered by Velo3D’s Intelligent Fusion® manufacturing process. The company delivered its first Sapphire® system in 2018 and has been a strategic partner to innovators such as SpaceX, Honeywell, Honda, Chromalloy, and Lam Research. Velo3D has been named to Fast Company’s prestigious annual list of the World’s Most Innovative Companies for 2021. For more information, please visit velo3d.com, or follow the company on LinkedIn or Twitter.
Investor Relations:
Velo3D
Bob Okunski, VP Investor Relations
This email address is being protected from spambots. You need JavaScript enabled to view it.
Media Contact:
Velo3D
Dan Sorensen, Senior Director of PR
This email address is being protected from spambots. You need JavaScript enabled to view it.
HONG KONG--(BUSINESS WIRE)--CSOP WTI Crude Oil Futures Daily (-1x) Inverse Product (stock code:7345.HK) will be listed on Hong Kong Stock Exchange on 1 December, 2021. Using a combination of a Futures-based replication strategy and a Swap-based synthetic replication strategy, 7345.HK provides investment results closely corresponding to inverse (-1x) the Daily performance of Solactive WTI 1-Day Rolling Futures Index (the “Index”). 7345.HK mainly invests in the active contracts of West Texas Intermediate crude oil (“WTI crude oil”) (also known as Texas light sweet crude oil) futures contracts traded on the New York Mercantile Exchange (NYMEX) (“WTI Futures Contracts”) and in Swaps when such investments are beneficial to the product to achieve its investment objective. In the current volatile market circumstances, 7345.HK has attracted USD 5.6 million initial investment. The inception price per unit is around HKD 7.8 with trading lot of 100 units, and the entry investment is approximately HKD 780.
Being currently the primary source of energy production, oil is one of the most important commodities worldwide. However, given the changes brought by COVID-19, escalating geopolitical disputes and carbon neutrality goals, oil prices are now facing unprecedented uncertainties than ever before. The impact of the COVID-19 hammered oil demand in 2020, forcing WTI oil futures prices to go negative for the first time on record. On 20 April 2020, the oil futures prices have witnessed the largest one-day plunge of over 300% in history, plummeting from USD 18 a barrel to around USD -37 a barrel.1 Although the economy has begun to recover and OPEC has controlled its production, oil futures prices may still experience turbulence in the future owing to repeated COVID-19 outbreaks and unexpected geopolitical disputes. In addition, determined to realize carbon neutrality, global major economies set clear goals to curb carbon emissions latest in the first half of this century. Renewable energy is developing quickly as a substitute for conventional crude oil. The share of renewable energy is estimated to account for 61.8% of total power generation by 2030.2 Moreover, seasonal changes and increasing extreme weather conditions can also impose more variances to oil prices. All these factors together make oil prices more volatile and turbulent than ever. CSOP WTI Crude Oil Futures Daily (-1x) Inverse Product (stock code:7345.HK) can help investors hedge against crude oil volatility in the ever-changing market environment and capture investment opportunities in times of such uncertainty in an easy and transparent way.
Since the first Leveraged & Inversed (“L&I”) product listed in 2016, Hong Kong’s L&I market has seen a continuous growth to HKD 14.34 billion in size and HKD 1.14 billion of average daily turnover as end of October, 2021.3 Dominating Hong Kong’s L&I market, CSOP has demonstrated a remarkable track record with credibility and success by having introduced 15 L&I products in Hong Kong, contributing more than 90% AUM and daily turnover to Hong Kong’s L&I market.4 Ms. Ding Chen, CEO of CSOP comments, “We are very proud of what we have achieved in the past. The success of our past encourages us to remain dedicated to bringing more excellent L&I products to our investors, further promoting the prosperity and development of Hong Kong’s L&I market.” Melody He, Managing Director and Head of Business Development, adds, “From repeated Covid outbreaks to complicated international situation, investors are facing unprecedented uncertainties. I believe 7345.HK will be an excellent tool to help investors hedge risks and handle oil price volatilities amid increasing uncertainties.”
About CSOP Asset Management Limited
CSOP Asset Management Limited (“CSOP”) was founded in 2008 as the first offshore asset manager set up by a regulated asset management company in China. With a dedicated focus on China investing, CSOP manages public and private funds, as well as providing investment advisory services to Asian and global investors. In addition, CSOP is best known as an ETF leader in Asia. As of 30 September 2021, CSOP has more than USD 10 billion in assets under management.
IMPORTANT: Investment involves risks. Investment value may rise or fall. Past performance information presented is not indicative of future performance. Investors should refer to the relevant Prospectus and the Product Key Facts Statement for further details, including product features and risk factors. Investors should not base on this material alone to make investment decisions.
CSOP WTI Crude Oil Futures Daily (-1x) Inverse Product (the “Product”) is a sub-fund of CSOP Leveraged and Inverse Series II, an umbrella unit trust established under Hong Kong law. Units of the Product (the “Units”) are traded in HKD on The Stock Exchange of Hong Kong Limited (the “SEHK”) like stocks. It is a futures and swap based product with an objective to provide investment results that, before fees and expenses, closely correspond to the inverse (-1x) of the Daily performance of Solactive WTI 1-Day Rolling Futures Index (the “Index”).
Please note that the above listed investment risks are not exhaustive and investors should read the relevant Prospectus and Product Key Facts Statement in detail before making any investment decision.
Index Provider Disclaimer
The Product is not sponsored, promoted, sold or supported in any other manner by Solactive AG nor does Solactive AG offer any express or implicit guarantee or assurance either with regard to the results of using the Solactive WTI 1-Day Rolling Futures Index and/or the use of Solactive trade mark or the index price/prices of the Solactive WTI 1-Day Rolling Futures Index at any time or in any other respect. The Solactive WTI 1-Day Rolling Futures Index is calculated and published by Solactive AG. Solactive AG uses its best efforts to ensure that the Solactive WTI 1-Day Rolling Futures Index is calculated correctly. Irrespective of its obligations towards CSOP Asset Management Limited, Solactive AG has no obligation to point out errors in the Solactive WTI 1-Day Rolling Futures Index to third parties including but not limited to investors and/or financial intermediaries of the Product. Neither publication of the Solactive WTI 1-Day Rolling Futures Index by Solactive AG nor the licensing of the Solactive WTI 1-Day Rolling Futures Index or Solactive trade mark for the purpose of use in connection with the Product constitutes a recommendation by Solactive AG to invest capital in the Product nor does it in any way represent an assurance or opinion of Solactive AG with regard to any investment in the Product. Remember, the information in this Prospectus does not constitute tax, legal or investment advice and is not intended as a recommendation for buying or selling securities. The information and opinions contained in this Prospectus have been obtained from public sources believed to be reliable, but no representation or warranty, express or implied, is made that such information is accurate or complete and it should not be relied upon as such. Solactive AG will not be responsible for the consequences of reliance upon any opinion or statement contained herein or for any omission.
This material is prepared by CSOP and has not been reviewed by the Securities and Futures Commission in Hong Kong.
Issuer: CSOP Asset Management Limited
________________________________
1 Source: U.S. Energy Information Administration, as of 17 November 2021
2 Source: IEA, as of 2 November 2021
3 Source: Bloomberg, as of 31 October 2021
4 Source: Bloomberg, as of 31 October 2021
CSOP Asset Management Limited
Larry Wang / 3406 5613 / This email address is being protected from spambots. You need JavaScript enabled to view it.
Tina Shu/ 3406 5675/ This email address is being protected from spambots. You need JavaScript enabled to view it.
Preparing now for hydrogen electric flight, including passenger and cargo vehicles and electric vertical aircraft (EVA) that are quiet, carbon-neutral and cost-effective
BEND, Ore.--(BUSINESS WIRE)--Element 1 Corporation announced today that it has entered into a global agreement with NEXA Capital Partners LLC to accelerate the adoption of its methanol-to-hydrogen generators for fuel cell applications in aerospace and particularly electric vertical aircraft. Element 1 and NEXA are combining their expertise, along with NEXA’s capital market access, to hasten the introduction and commercialization of fuel cells for hydrogen powered flight.
Methanol is well known for its properties as a hydrogen carrier because a given volume of methanol carries more recoverable hydrogen fuel than an equivalent volume of liquid hydrogen. Compared to conventional fuels, renewable methanol produced from biomass, wind and other processes cuts carbon dioxide emissions by up to 95%, reduces nitrogen oxide emissions by up to 90%, and completely eliminates sulfur oxide and particulate matter emissions.
Element 1 possesses the world’s only scalable methanol-to-hydrogen generator and is the global leader in small-scale to medium-scale solutions for both fuel cell stationary power and fuel cell HD mobility. Its technologies can apply to hydrogen refueling stations (HRS), as well as onboard hydrogen generators (trucks, trains, marine vessels, and, in the near future, aircraft). Element 1’s methanol reforming products are scalable, reliable, and affordable, and are accelerating the adoption of fuel cell solutions globally by solving the “Hydrogen Challenge.”
Dave Edlund, President and CEO of Element 1, said, “Our hydrogen generators, when paired with fuel cells, will improve the performance of EVAs by generating onboard power for propulsion as well as by recharging onboard batteries. Element 1’s solutions, using a hydrogen dense mixture of methanol and water, will significantly extend the range of EVAs beyond what may be typically achieved using onboard compressed hydrogen.” He added, “In addition, most hydrogen today is generated at large-scale production facilities, delivered and stored as a liquified or compressed gas. Element 1 designs hydrogen generators that significantly reduce the cost profile of delivered hydrogen. Lack of affordable hydrogen at the point of use has been one of the most significant factors limiting the growth of the global hydrogen economy. We can now produce hydrogen at low cost on-site at thousands of airports worldwide.”
Captain (ret.) Hank Krakowski, NEXA Principal and Technical Project Lead, observes, “This emerging methanol/hydrogen technology represents a force-multiplier joining the ongoing Sustainable Aviation Fuel initiatives in assisting the aerospace industry to reach its 2050 Sustainability Goals.”
According to Michael Dyment, Managing Partner of NEXA, “Hydrogen-powered electric systems are about to change aviation the same way the jet engine revolutionized air travel 70 years ago. Element 1’s methanol-to-hydrogen technologies will make flying more efficient, more sustainable, and far more affordable. In Element 1, our investment strategy now has a unique technology partner that shares our commitment to a green hydrogen aviation future.”
NEXA and Element 1 will begin moving this technology into the aerospace manufacturing supply chain immediately, and through their newly formed partnership are expected to tap policies and funding from the recently enacted $1.2 trillion Infrastructure Investment and Jobs Act (HR 3684). The legislation calls for the development of a sector-by-sector national strategy and roadmap to facilitate a clean hydrogen economy. HR 3684 explicitly mentions methanol as a practical hydrogen-carrier.
About Element 1
Element 1 of Bend, Oregon is a leading developer of small-scale to micro-scale clean energy technologies, including advanced hydrogen generation systems supporting the fuel cell industry. Element 1 has developed innovative products that are scalable, reliable, affordable, and provide flexibility allowing for easy integration into customer solutions. With expertise in small-scale reactor design and membrane-based hydrogen purifiers, Element 1 offers solutions for on-site hydrogen generation (fuel cells, hydrogen refueling, and industrial manufacturing), and mobile (onboard) hydrogen generation (fuel cell electric vehicles). Novel technology is licensed to Element 1 partners, enabling application of technologies across a wide range of products, markets, and applications. For further information go to www.e1na.com.
About NEXA
NEXA Capital Partners, based in Washington, DC provides corporate and strategic financial advisory services and capital investment to the aerospace, transportation, and logistics sectors. NEXA works with outstanding companies and management teams currently positioned to benefit from emerging factors driving sector transformation. NEXA has strategic relationships with all levels of the aerospace sector, from large A&D companies to aviation’s most innovative start-ups.
NEXA Capital Partners, LLC
Eleanor Herman
This email address is being protected from spambots. You need JavaScript enabled to view it.
+1-202-499-5056
Element 1 Corporation
David Edlund, CEO
This email address is being protected from spambots. You need JavaScript enabled to view it.
+1-541-306-3941
SYDNEY--(BUSINESS WIRE)--#AI--Unleash live, one of the world’s leading A.I. video analytics platforms, announced today that it has achieved Amazon Web Services (AWS) Energy Competency status. This designation recognizes that Unleash live has demonstrated deep expertise helping customers leverage AWS cloud technology to transform complex systems and accelerate the transition to a sustainable energy future.
Achieving the AWS Energy Competency differentiates Unleash live as an AWS Partner with deep expertise and technical proficiency within this unique industry, including proven customer success developing solutions across the value chain, from project planning, production operations, maintenance and optimization, new energy solutions, and more. To receive the designation, AWS Partners undergo a rigorous technical validation process, including a customer reference audit. The AWS Energy Competency provides energy customers the ability to more easily select skilled partners to help accelerate their digital transformations with confidence.
“Our customers in the Energy sector are realising the transformative impact of real time video analytics on their operations. And with the scale and security of AWS, this Competency status further establishes Unleash live as a leading player in video analytics and data insights. Unleash live is proud to achieve the AWS Energy Competency designation,” said Hanno Blankenstein, CEO and Co founder. “Our team is dedicated to helping companies achieve their operational security and efficiency goals by leveraging the agility, breadth of services, and pace of innovation that AWS provides.”
AWS is enabling scalable, flexible, and cost-effective solutions from startups to global enterprises. To support the seamless integration and deployment of these solutions, AWS established the AWS Competency Program to help customers identify AWS Partners with deep industry experience and expertise.
Environmental, Social and Governance (ESG) performance is a key part of the Unleash live offering for the Energy sector.
Power utilities, asset owners, operators and maintenance companies can now automate their entire visual inspection processes through Unleash live. Catering for organizations seeking to embark on their digitisation journey of handheld or head mounted virtual image and video capture, through to ones with advanced drone operations and EVLOS (Extended line of sight) or BVLOS (Beyond Visual Line of sight). Engineers and subject matter experts no longer need to travel for days to the remote asset locations, don't need to trawl through 100k’s of images. Unleash live’s A.I. can inspect and assist with fast and consistent condition reporting and severity ratings. Unleash live builds a digital asset passport with high resolution imagery, the ability to further annotate and collaborate on high priority issues that need immediate action and connecting into work order management and asset management systems.
Custom Machine Learning (ML) algorithms that work right out-of-the-box for Power lines, Wind turbine and Solar PV inspections along with Vegetation Management for linear assets such as Oil & Gas Pipelines can be activated on-demand for monitoring, inspecting and safeguarding any remote asset or corridor globally.
Getting started could not be easier. Through the AWS Marketplace, AWS Energy customers can now adopt the Unleash live platform through a simple SaaS subscription service.
About Unleash live
Today, Unleash live's A.I. App Store supports 34 Apps, addressing a wide range of use cases, from Solar PV and Power line fault detection to traffic and multi modal transport analytics. The number of Apps is expected to pass 200 during the next two years.
Customers connect existing image capture devices (CCTV, IP cameras, drones, headmounted, smartphones, etc.) to Unleash live's cloud-based platform (built on secure AWS services), start streaming their video and then apply the A.I. of their choice from the Apps Store. They do not need to invest in any hardware infrastructure, nor do they need to implement large-scale integration programs.
Customers subscribe to a tiered subscription model, that is based on live streaming, secure storage, and A.I. Apps modules. Existing customers range from city authorities, such as Miami-Dade Transit Authority, the City of Sacramento, and Transport for New South Wales, to energy and resource businesses, such as Worley and BHP.
Hamid Fardoost
This email address is being protected from spambots. You need JavaScript enabled to view it.
AMES, Iowa--(BUSINESS WIRE)--Renewable Energy Group, Inc. (NASDAQ:REGI) today announced that its management team is scheduled to attend the following virtual investor conferences. Attendance at these conferences is by invitation only for clients of each respective firm. Interested investors should contact your respective sales representative to register and to secure a time for one-on-one meetings.
About Renewable Energy Group
Renewable Energy Group (REG) is leading the energy industry's transition to sustainability by converting renewable resources into high-quality, cleaner fuels. REG is an international producer of cleaner fuels and one of North America’s largest producers of advanced biodiesel. REG solutions are alternatives for petroleum diesel and produce significantly lower carbon emissions. REG utilizes an integrated procurement, distribution and logistics network to operate 11 biorefineries in the U.S. and Europe. In 2020, REG produced 519 million gallons of cleaner fuel, delivering 4.2 million metric tons of carbon reduction. REG is meeting the growing global demand for lower-carbon fuels and leading the way to a more sustainable future. For more information, visit regi.com.
Investor Relations:
Renewable Energy Group
Todd Robinson
Deputy Chief Financial Officer and Treasurer
+1 (515) 239-8048
This email address is being protected from spambots. You need JavaScript enabled to view it.
KAWASAKI, Japan--(BUSINESS WIRE)--Toshiba Electronic Devices & Storage Corporation ("Toshiba") has introduced two photocouplers, “TLP5705H” and “TLP5702H,” housed in a thin SO6L package, for use as insulated gate drivers for small to medium capacity IGBTs/MOSFETs. Volume shipments start today.
TLP5705H is Toshiba’s first product to deliver a peak output current rating of ±5.0A in a thin package (SO6L) only 2.3mm (max) high. As a result, devices such as small to medium capacity inverters and servo amplifiers that use a buffer circuit for current amplification can now drive their IGBTs/MOSFETs directly from the photocoupler, without any need of the buffer circuit. This will contribute to parts reduction and set miniaturisation.
TLP5702H has a peak output current rating of ±2.5A. An SO6L package that can be mounted on the land pattern of Toshiba’s conventional SDIP6 package[1], facilitating easy replacement of Toshiba’s current products[2]. The SO6L is thinner than SDIP6, which brings greater flexibility to component layouts on boards, and also allows it to be mounted on the back of a board or used where new circuit design imposes limits on available height.
Both photocouplers have a maximum operating temperature rating of 125ºC (Ta=-40 to 125ºC), making it easier to design and maintain temperature margins.
Toshiba’s line-up also includes TLP5702H(LF4) and TLP5705H(LF4), housed in an SO6L(LF4) package as a lead-forming option.
Notes:
[1] Package height: 4.25mm (max)
[2] Current products: TLP700H in SDIP6 package
Applications
Industrial equipment
Features
Main Specifications
(Unless otherwise specified, @Ta=-40 to 125°C) |
||||||
Part number |
TLP5702H(LF4) |
TLP5705H(LF4) |
||||
Package |
Name |
SO6L |
SO6L(LF4) |
|||
Size (mm) |
10×3.84 (typ.), t: 2.3 (max) |
11.05×3.84 (typ.), t: 2.3 (max) |
||||
Absolute maximum ratings |
Operating temperature Topr (°C) |
-40 to 125 |
||||
Peak output current IOPH/IOPL (A) |
±2.5 |
±5.0 |
±2.5 |
±5.0 |
||
Electrical characteristics |
Peak high-level output current IOPH max (A) |
@IF=5mA, VCC=15V, V6-5=-7V |
-2.0 |
|||
Peak low-level output current IOPL min (A) |
@IF=0mA, VCC=15V, V5-4=7V |
2.0 |
||||
Peak high-level output current (L/H) IOLH max (A) |
@IF=0→10mA, VCC=15V, Cg=0.18μF, CVDD=10μF |
－ |
-3.5 |
－ |
-3.5 |
|
Peak low-level output current (H/L) IOHL min (A) |
@IF=10→0mA, VCC=15V, Cg=0.18μF, CVDD=10μF |
－ |
3.0 |
－ |
3.0 |
|
Supply voltage VCC (V) |
15 to 30 |
|||||
Supply current ICCH, ICCL max (mA) |
3.0 |
|||||
Threshold input current (L/H) IFLH max (mA) |
5 |
|||||
Switching characteristics |
Propagation delay time tpHL, tpLH max (ns) |
200 |
||||
Pulse width distortion |tpHL–tpLH| max (ns) |
50 |
|||||
Propagation delay skew (device to device) tpsk (ns) |
-80 to 80 |
|||||
Common-mode transient immunity CMH, CML min (kV/μs) |
@Ta=25°C |
±50 |
||||
Isolation characteristics |
Isolation voltage BVS min (Vrms) |
@Ta=25°C |
5000 |
|||
Sample Check & Availability |
- |
- |
||||
Follow the links below for more on the new product.
TLP5702H
TLP5705H
Follow the link below for more on Toshiba’s optical semiconductor devices.
Isolators/Solid State Relays
To check availability of the new product at online distributors, visit:
TLP5702H
https://toshiba.semicon-storage.com/ap-en/semiconductor/where-to-buy/stockcheck.TTLP5702H.html
TLP5705H
https://toshiba.semicon-storage.com/ap-en/semiconductor/where-to-buy/stockcheck.TTLP5705H.html
Customer Inquiries:
Optoelectronic Device Sales & Marketing Dept.
Tel: +81-44-548-2218
Contact us
* Company names, product names, and service names may be trademarks of their respective companies.
* Information in this document, including product prices and specifications, content of services and contact information, is current on the date of the announcement but is subject to change without prior notice.
About Toshiba Electronic Devices & Storage Corporation
Toshiba Electronic Devices & Storage Corporation, a leading supplier of advanced semiconductor and storage solutions, draws on over half a century of experience and innovation to offer customers and business partners outstanding discrete semiconductors, system LSIs and HDD products.
The company's 22,000 employees around the world share a determination to maximize product value, and promote close collaboration with customers in the co-creation of value and new markets. With annual sales now surpassing 710-billion yen (US$6.5 billion), Toshiba Electronic Devices & Storage Corporation looks forward to building and to contributing to a better future for people everywhere.
Find out more at https://toshiba.semicon-storage.com/ap-en/top.html
Media Inquiries:
Chiaki Nagasawa
Digital Marketing Department
Toshiba Electronic Devices & Storage Corporation
Tel: +81- 44-549-8361
This email address is being protected from spambots. You need JavaScript enabled to view it.
BATAVIA, N.Y.--(BUSINESS WIRE)--Graham Corporation (NYSE: GHM), a global business that designs, manufactures and sells critical equipment for the defense/space, energy/new energy and chemical/petrochemical industries, today announced that Jeffrey F. Glajch, Chief Financial Officer, who has served as CFO for 13 years, plans to retire in the second calendar quarter of 2022 following the appointment of his successor. The Company has initiated a comprehensive external search to identify a successor for this role.
Daniel J. Thoren, President and CEO, commented, “I have had the pleasure of working with Jeff the last six months at Graham and also for almost three years during the process of the Barber-Nichols (“BN”) acquisition. He has demonstrated tenacity, integrity and a strong business acumen and has been extremely helpful as we bring these two businesses together. Importantly, he has been instrumental in our development of strategies to deliver growth and I am confident he will continue to be a major contributor through the search and transition. Our search for a successor is underway and I expect who we ultimately select will have the experience and capabilities to address the expanded responsibilities of this important role to help us deliver on our Company’s growth objectives.”
Mr. Glajch noted, “These are exciting times for Graham. I am proud of having led our acquisition of Barber-Nichols which has transformed Graham. We have become a defense and space focused company with several other opportunities for growth, including in new energy. Concurrently, we remain strongly committed to advancing our very well positioned traditional energy and petrochemicals business. With our investment in BN, we now have a much more efficient balance sheet and also are working to drive growth. My retirement in the second calendar quarter of 2022 allows for a full year post acquisition, which I believe is ample time to enable a smooth transition, as well as the completion of fiscal year 2022. I am highly confident in Graham’s future and the Company’s dedication to advancing growth.”
ABOUT GRAHAM CORPORATION
Graham is a global business that designs, manufactures and sells critical equipment for the defense/space, energy and advanced energy and chemical/petrochemical industries. The Graham and Barber-Nichols’ global brands are built upon world-renowned engineering expertise in vacuum and heat transfer, cryogenics, and turbomachinery technologies, as well as the Company’s responsive and flexible service and unsurpassed quality.
Graham routinely posts news and other important information on its website, www.graham-mfg.com, where additional comprehensive information on Graham Corporation and its subsidiaries can be found.
Safe Harbor Regarding Forward Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as “expects,” “estimates,” “confidence,” “projects,” “typically,” “outlook,” “anticipates,” “indicates”, “believes,” “appears,” “could,” “opportunities,” “seeking,” “plans,” “aim,” “pursuit,” “look towards” and other similar words. All statements addressing operating performance, events, or developments that Graham Corporation expects or anticipates will occur in the future, including but not limited to, expected expansion and growth opportunities within its defense and energy markets, anticipated revenue, the timing of conversion of backlog to sales, order momentum and demand for our products, market presence, profit margins, tax rates, foreign sales operations, its ability to improve cost competitiveness and productivity, customer preferences, changes in market conditions in the industries in which it operates, the effect on its business of volatility in commodities prices, including, but not limited to changes in general economic conditions and customer behavior, forecasts regarding the timing and scope of the economic recovery in its markets, its acquisition and growth strategy are forward-looking statements. Because they are forward-looking, they should be evaluated in light of important risk factors and uncertainties. These risk factors and uncertainties are more fully described in Graham Corporation’s most recent Annual Report filed with the Securities and Exchange Commission, including under the heading entitled “Risk Factors,” its quarterly reports on Form 10-Q, and other filings it makes with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize or should any of Graham Corporation’s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on Graham Corporation’s forward-looking statements. Except as required by law, Graham Corporation disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this news release.
Jeffrey F. Glajch
Vice President - Finance and CFO
Phone: (585) 343-2216
This email address is being protected from spambots. You need JavaScript enabled to view it.
Deborah K. Pawlowski
Kei Advisors LLC
Phone: (716) 843-3908
This email address is being protected from spambots. You need JavaScript enabled to view it.
ATHENS, Greece--(BUSINESS WIRE)--Celestyal Cruises, the award-winning, number one choice for cruise travelers to the Greek Islands and the Eastern Mediterranean, and its parent company, Louis PLC, a leading Cyprus-based tourism organization, are pleased to announce a definitive strategic investment agreement with funds managed by Searchlight Capital Partners, L.P. (“Searchlight”), a leading global private investment firm.
As part of the partnership, Searchlight will make an investment into a new holding company, Celestyal Holdings. This will enable Celestyal Cruises to amplify its brand globally, build upon its success to-date and expand its operational footprint whilst growing and renewing its fleet. Celestyal Cruises will continue to operate its fleet of two ships from its offices in Piraeus, Greece with its current global management team leading the business. The Louis Group will continue as a shareholder in the new holding company.
“Prior to the pandemic, Celestyal was on a fast growth trajectory, and Searchlight’s infusion of capital will propel our growth strategy and accelerate our fleet renewal plan,” said Celestyal Cruises’ CEO, Chris Theophilides. “We are extremely pleased to have Searchlight as a strategic partner and are eager to join forces with them to build on our positive momentum, amplify our global brand awareness and elevate our award-winning guest experience, taking it to new heights. Our 2022 season is already looking solid and with this significant development, we are extremely excited about Celestyal’s journey ahead.”
“The cruise industry has shown a tremendous amount of resilience coming out of the pandemic, and as Greece’s major, home-porting cruise line, Celestyal has played a pivotal role in the country’s strong tourism recovery,” said Searchlight Partner, Ralf Ackermann. “We are excited to support Chris and his management team and to work with the Louis Group to be involved in the next chapter of Celestyal’s growth. We believe this partnership will help to reinforce the company’s position as the leading cruise operator in the Eastern Mediterranean region and enhance its uniquely authentic experiences and operating footprint.”
“Celestyal Cruises has always been a strong and robust regional expert, and a key component of our tourism portfolio,” said Costakis Loizou, Executive Chairman of the Louis Group. “With the added financial resources of Searchlight, Celestyal is destined for an even brighter future, and we look forward to being part of realizing Celestyal’s full potential.”
Louis PLC was advised by financial advisors, Houlihan Lokey, London; legal advisors, Hill Dickinson, London and Chryses Demetriades, Cyprus; and tax advisors, PricewaterhouseCoopers, Cyprus.
Searchlight was advised by legal advisors, Willkie Farr & Gallagher LLP; financial advisors, Alvares & Marsal; tax advisors, KPMG, insurance advisors, Lockton; and technical advisors Renaissance Shipbroking.
About Celestyal Cruises
Celestyal Cruises has fast built an award-winning reputation and earned recognition as the number one choice for cruise travelers to the Greek Islands and East Mediterranean thanks to its regional expertise and exceptional hospitality. The company operates two vessels, each one intimate enough to provide guests with a genuine and highly personalized experience. The foundation of the company’s philosophy is built on a unique Greek heritage which combines outstanding hospitality with genuine cultural destination immersion and provides authentic, lifetime experiences both onboard and onshore.
About Searchlight Capital Partners
Searchlight is a global private investment firm with more than $9 billion in assets under management and offices in New York, London and Toronto. Searchlight seeks to invest in businesses where its long-term capital and strategic support accelerate value creation for all stakeholders. For more information, please visit www.searchlightcap.com.
About Louis Group
One of the leading tourism and leisure groups in Southeast Europe, Louis Group is known for consistent high-quality services, deep market insight and many years of leading experience. Founded in 1935 by the ‘father of tourism’ in Cyprus, the late Louis Loizou, the company now employs around 4,000 professionals. Applying their experience to a full spectrum of tourism services, Louis Group owns and manages hotels, restaurants and cruises, as well as a range of IATA offices. Predominantly operating in Cyprus and Greece, the Group also has a growing presence worldwide.
For Celestyal Cruises
Charles Mardiks, Mardiks PR, This email address is being protected from spambots. You need JavaScript enabled to view it., ph: +1.646.283.5273
Frosso Zaroulea, Celestyal Cruises, This email address is being protected from spambots. You need JavaScript enabled to view it., ph: +30.216.4009659
For Searchlight Capital
Prosek Partners, This email address is being protected from spambots. You need JavaScript enabled to view it., +44 7771 810 803
SAN ANTONIO--(BUSINESS WIRE)--Valero Energy Corporation (NYSE: VLO; “Valero”) announced today that it has called for redemption the entire outstanding principal amount of its 2.700% Senior Notes due 2023 (the “Notes”). The Notes were previously subject to an “any and all” tender offer by Valero, which is expected to settle tomorrow. According to information provided by the tender and information agent for the “any and all” tender offer, $594,520,000 aggregate principal amount of the Notes were validly tendered in the “any and all” tender offer (excluding $202,000 aggregate principal amount of the Notes tendered pursuant to guaranteed delivery procedures, which remain subject to the holders’ performance of the delivery requirements under such procedures). The redemption announced today will apply to all of the Notes that remain outstanding following the settlement of the “any and all” tender offer. The redemption date for the Notes is December 29, 2021. The aggregate principal amount of the Notes outstanding, before giving effect to the settlement of the “any and all” tender offer, is $850 million. The redemption price will be equal to the greater of (i) 100% of the principal amount of the Notes or (ii) the sum of the present values of the remaining scheduled payments of principal and interest thereon (not including any portion of such payments of interest accrued as of the date of redemption) discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate (as defined in the Notes), plus 40 basis points, as calculated by an Independent Investment Banker (as defined in the Notes), plus accrued and unpaid interest thereon to, but not including, the redemption date.
A notice of redemption is being sent to all currently registered holders of the Notes by the Trustee, U.S. Bank National Association.
This press release is not an offer to sell or a solicitation of an offer to buy any securities.
About Valero
Valero Energy Corporation, through its subsidiaries (collectively, “Valero”), is an international manufacturer and marketer of transportation fuels and petrochemical products. Valero is a Fortune 500 company based in San Antonio, Texas, and owns 15 petroleum refineries with a combined throughput capacity of approximately 3.2 million barrels per day and 12 ethanol plants with a combined production capacity of approximately 1.6 billion gallons per year. The petroleum refineries are located in the United States (U.S.), Canada and the United Kingdom (U.K.), and the ethanol plants are located in the Mid-Continent region of the U.S. Valero is also a joint venture partner in Diamond Green Diesel, which owns and operates a renewable diesel plant in Norco, Louisiana. Diamond Green Diesel owns North America’s largest biomass-based diesel plant. Valero sells its products in the wholesale rack or bulk markets in the U.S., Canada, the U.K., Ireland and Latin America. Approximately 7,000 outlets carry Valero’s brand names. Please visit www.investorvalero.com for more information.
Safe-Harbor Statement
Statements contained in this press release that state Valero’s or its management’s expectations or predictions of the future are forward-looking statements intended to be covered by the safe harbor provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934. The words “anticipate,” “believe,” “expect,” “plan,” “intend,” “scheduled,” “estimate,” “project,” “projection,” “predict,” “budget,” “forecast,” “goal,” “guidance,” “target,” “could,” “would,” “should,” “may,” “strive,” “seek,” “potential,” “opportunity,” “aimed,” “considering,” “continue,” and similar expressions identify forward-looking statements. Forward-looking statements in this press release include the expected timing and terms of redemption of the Notes. It is important to note that actual results could differ materially from those projected in such forward-looking statements based on numerous factors, including those outside of Valero’s control, such as legislative or political changes or developments, market dynamics, cyberattacks, weather events, and other matters affecting our operations or the demand for our products. These factors also include, but are not limited to, the uncertainties that remain with respect to the COVID-19 pandemic, variants of the virus, governmental and societal responses thereto, including requirements and mandates with respect to vaccines, vaccine distribution and administration levels, and the adverse effects the foregoing may have on our business or economic conditions generally. For more information concerning these and other factors that could cause actual results to differ from those expressed or forecasted, see Valero’s annual report on Form 10-K, quarterly reports on Form 10-Q, and other reports filed with the Securities and Exchange Commission.
Valero Contacts
Investors:
Homer Bhullar, Vice President – Investor Relations and Finance, 210-345-1982
Eric Herbort, Senior Manager – Investor Relations, 210-345-3331
Gautam Srivastava, Senior Manager – Investor Relations, 210-345-3992
Media:
Lillian Riojas, Executive Director – Media Relations and Communications, 210-345-5002
Former Uber Freight, sennder and C.H. Robinson vet Oleksii Kosenko joins leading supply chain visibility platform to pursue aggressive carrier growth strategy
AMSTERDAM--(BUSINESS WIRE)--Oleksii Kosenko joins FourKites®, the world’s leading real-time supply chain visibility platform, as Director Carrier Network Operations, EMEA, to accelerate the company’s rapidly growing carrier base in Europe. Prior to joining FourKites, Kosenko led the carrier sales teams at Uber Freight and sennder Technologies GmbH, and held a senior sales role at C.H. Robinson.
"As today’s supply chain challenges put increasing pressure on carriers across the world, my priority is to ensure that European carriers of all sizes can leverage FourKites to offer better customer service, improve cash flow and cut costs," says Kosenko. "Being able to provide a secure platform for sharing data is what will propel the entire supply chain visibility market into the future, and carriers should receive immense value in return."
According to a recent study from FourKites and Reuters, carrier relationships and capacity constraints are a persistent problem for shippers. “Our biggest challenges are carrier integration and data sharing,” says Ferenc Polgar, Global Distribution Operational Excellence Lead, Bayer. “Given the volume of transportation companies we subcontract with, getting them engaged to connect and share data is a big challenge. It can be their capability to share data, their infrastructure or how they communicate. It is improving, but very slowly.”
FourKites pioneered real-time supply chain visibility in 2014 and has since built the world’s largest platform to track shipments across every mode of transportation, including road, rail, ocean, air, parcel and courier. The company works with some of Europe’s largest GPS hardware providers to help carriers of all sizes get GPS tracking technology at both the hardware and software levels. Globally, the company tracks more than 2 million shipments a day for more than 750 of the world’s most recognised brands. In addition to real-time visibility, FourKites improves efficiency for carriers and drivers through digital documentation workflows, enhanced collaboration tools and mobile capabilities.
“Oleksii plays a strategic role in our major European investments, and we’re delighted to have such an experienced industry veteran onboard as we continue to drive momentum among Europe’s carrier base,” says Mathew Elenjickal, FourKites Founder and Chief Executive Officer. “His deep understanding of the European carrier landscape and his expertise in the Eastern European and Baltic regions is exactly what we need to enhance our offering for carriers. He also brings us experience with 3PL and digital freight forwarders.”
About FourKites
FourKites® is the #1 supply chain visibility platform in the world, extending visibility beyond transportation into yards, warehouses, stores and beyond. Tracking more than 2 million shipments daily across road, rail, ocean, air, parcel and courier, and reaching 176 countries, FourKites combines real-time data and powerful machine learning to help companies digitise their end-to-end supply chains. More than 750 of the world’s most recognised brands — including 9 of the top-10 CPG and 18 of the top-20 food and beverage companies — trust FourKites to transform their business and create more agile, efficient and sustainable supply chains. To learn more, visit https://www.fourkites.com/.
Scott Johnston
European PR Director, FourKites
+31 62 147 8442
This email address is being protected from spambots. You need JavaScript enabled to view it.
BOSTON--(BUSINESS WIRE)--#IndustriesOfTheFuture--bp, the global integrated energy company and Schneider Electric, the leader in the digital transformation of energy management and automation, recognized as the World’s Most Sustainable Corporation in 2021 by Corporate Knights Global 100 index, have signed a memorandum of understanding (MoU) to help decarbonize high-emission customers, in Australia, the European Union, U.K. and, U.S.
Under the terms of the MoU, bp and Schneider Electric intend to combine skills and capabilities to define and scale integrated energy solutions for cities and commercial and industrial customers in hard to abate sectors, such as high emission transportation and heavy industry.
Together, bp and Schneider Electric’s complementary skills in consulting, designing, building, and operating decarbonized energy systems will help companies to achieve their decarbonization targets. In addition, bp and Schneider Electric intend to explore business models to enable customers to lessen the complexity, risk and capital investment of decarbonization by operating such energy systems as a service.
William Lin, EVP, regions, cities and solutions, bp said, “Schneider Electric’s expertise is complementary to ours, opening up more opportunities for us to jointly help energy systems decarbonise. Combining bp’s energy supply capabilities with Schneider Electric’s microgrid and energy management technologies means that together we can offer clean, efficient and resilient solutions to better meet our customers’ needs.”
“Many of our customers are looking for innovation and expertise to help decarbonize their energy supply and demand systems,” says Barbara Frei, Executive Vice President, Industrial Automation, Schneider Electric. “With bp, we’re committed to advancing technology solutions and addressing key markets together to help these customers reach net-zero faster.”
Schneider Electric will provide decarbonization expertise and electricity 4.0 technologies to help design and operate critical or energy-intensive power systems. Schneider’s microgrid platform can integrate on-site renewable power, reliable backup systems including battery storage, electric vehicle infrastructure, and associated energy retail services.
bp brings together technologies and businesses including solar, wind, hydrogen, biofuels and electric vehicle charging, to provide innovative, integrated and decarbonized energy solutions at scale to help cities and large corporates reduce their carbon emissions.
bp and Schneider intend to collaborate on integrated solutions and technology that address today’s most complex energy challenges, to help accelerate the world’s transition to net zero.
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.
Our mission is to be your digital partner for Sustainability and Efficiency.
We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.
We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.
Discover Life Is On Follow us on: Twitter, Facebook, LinkedIn, YouTube, Instagram, Blog
Discover the newest perspectives shaping sustainability, electricity 4.0, and next generation automation on Schneider Electric Insights.
Hashtags: #sustainability #energytransition #NetZero #IndustriesOfTheFuture
Schneider Electric Media Relations – Thomas Eck, E mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Carbon Capture & Storage Project Backed by BlackRock’s GEPIF III and Anchored by Valero
DALLAS--(BUSINESS WIRE)--Navigator CO2 Ventures LLC (”Navigator”) announced today that it has entered into an agreement with OCI N.V.’s wholly-owned Iowa Fertilizer Company facility (“OCI”) to provide CO2 transportation and storage services on its carbon capture and storage (CCS) system, the Heartland Greenway.
The project is backed by BlackRock’s Global Energy & Power Infrastructure Fund III, which invests in essential, long-term infrastructure assets, and is commercially anchored by Valero.
The agreement signed by both companies outlines the key terms for Navigator to provide CO2 transportation and storage services under a long-term agreement for up to 1,130,000 metric tons of CO2 per year, equivalent to the carbon emissions of approximately 245,000 vehicles driven annually. The project will have two phases, with the first phase focused on process gas representing approximately 500,000 metric tons of CO2 per year, and the second phase for the balance, subject to regulatory enhancements of the 45Q program to make installation of the required post-combustion capture equipment economically feasible.
When the new infrastructure is installed, the project has the capability to capture and store materially all of the CO2 emissions from Iowa’s largest fertilizer plant. Start of operations for the first phase is expected at the end of 2024.
“OCI is a global leader in the ammonia and nitrogen fertilizer industries - an important component of agriculture - and forward thinking in their plans for decarbonization. We’re excited to embark on this project with them to provide a long-term and cost-effective solution for handling their CO2 emissions,” says Navigator CEO, Matt Vining. “State-of-the-art nitrogen producers like OCI play a critical role in decarbonizing the agricultural supply chain, as well as industrial feedstocks and fuels, and we look forward to advancing a greener future together.”
Navigator will be working with other industrial processing plants in the Midwest to adopt a more sustainable approach in the execution of their services and aid in the reduction of their carbon footprints through Heartland Greenway.
Once fully expanded, the Heartland Greenway will be able to capture and sequester 15 million metric tons of CO2 annually, which, according to EPA estimates, is equivalent to eliminating the annual carbon footprint of the Des Moines metro area three times over.
Ahmed El-Hoshy, CEO of OCI NV commented: “We are excited to partner with Navigator on this project which allows for an effective and quick solution to reduce our CO2 footprint and offer low carbon products to our customers across the value chain from our world-scale facility in Iowa. We are monitoring the on-going discussions in Congress around enhancements to the 45Q program to support the project economics and potentially open the opportunity to widen the scope of this project to capture more CO2. This agreement follows the announcement earlier this year that we have the ability to produce up to 365,000 metric tons per year of blue ammonia at OCI Beaumont in Texas, and blue and green ammonia projects in Abu Dhabi and Egypt, and marks another milestone towards achieving our sustainability goals and progressing towards a greener future.”
The agreement is subject to finalization of definitive documents.
About Navigator CO2 Ventures
Navigator CO2 Ventures is a company developed and managed by the Navigator Energy Services (Navigator) management team. The company specializes in carbon capture and storage (CCS), and the management team has safely constructed and operated over 1,000 miles of midstream infrastructure since being founded in 2012. Navigator CO2 Ventures will be hiring skilled individuals to fill new offices across the Heartland Greenway footprint in the Midwest United States, and we are committed to building and operating our projects to meet and exceed safety requirements while minimizing the collective impact on the environment, landowners, and the public during construction and ongoing operations. For more information about Navigator CO2 and the Heartland Greenway, visit our websites at: navigatorco2.com and heartlandgreenway.com.
About OCI N.V.
OCI N.V. (Euronext: OCI) is a leading global producer and distributor of nitrogen and methanol products providing lower carbon fertilizers, fuels, and feedstocks to agricultural, transportation, and industrial customers around the world. OCI’s production capacity spans four continents and comprises approximately 16.2 million metric tons per year of nitrogen fertilizers, methanol, biofuels, diesel exhaust fluid, melamine, and other nitrogen products. OCI has more than 3,600 employees, is headquartered in the Netherlands and listed on Euronext in Amsterdam.
Andrew Bates
515-201-5860
This email address is being protected from spambots. You need JavaScript enabled to view it.
Offshore Source keeps you updated with relevant information concerning the Offshore Energy Sector.
Any views or opinions represented on this website belong solely to the author and do not represent those of the people, institutions or organizations that Offshore Source or collaborators may or may not have been associated with in a professional or personal capacity, unless explicitly stated.