Business Wire News

  • 50%/50% joint venture to evaluate U.S. Gigafactory production of clean, next-generation battery cells for energy storage system, mobility, and electric vehicle applications
  • Joint venture has secured a direct strategic license from U.S.-based 24M Technologies
  • $70 million joint investment in 24M Technologies and the JV’s licensing agreement provide for equity ownership in 24M and deep strategic, operational, and financial alignment
  • Joint venture to also evaluate advanced battery technologies for future commercialization
  • Joint venture further enhances FREYR’s strategy to develop battery cell production capacity leveraging renewable energy and the emerging localized supply chains 
  • Evaluating development of an initial 50GWh of annualized capacity in the U.S. by 2030 with a goal of reaching Final Investment Decision on the first Gigafactory in 2022
  • Joint venture seeks to provide FREYR with a strategic battery production footprint from multiple locations providing added sourcing flexibility for an increasing number of customers
  • Collaboration and partnership with 24M’s SemiSolid™ technology, which simplifies the production process, enabling capital efficient manufacturing of batteries with larger and thicker electrodes at scale

NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, today announced the formation of a joint venture (“JV”) in the United States between Koch Strategic Platforms (“KSP”) and FREYR. The JV, which has a 50%/50% ownership structure, has been established to develop an initial 50 GWh of Gigafactory-scale battery cell manufacturing capacity in the U.S. based on 24M Technologies (“24M”) SemiSolid™ platform technology. The scale and scope of the targeted development would position the JV as one of the largest battery cell manufacturers in the U.S., using American-borne technology and the sustainable innovation of a premier U.S.-based, global industrial partner in KSP. This venture further progresses FREYR’s strategic focus of developing clean, localized battery cell production and supply chains to catalyze emerging energy technology adoption.


“Today’s announcement marks a significant milestone for FREYR as we advance our expansion strategy through the U.S. joint venture with KSP,” said Torstein Sjøtveit, FREYR’s Executive Chairman. “Our entire team is looking forward to collaborating with our U.S.-based strategic partners at Koch and 24M to bring clean, next-generation battery cell production to the U.S. at commercial scale.”

“We are pleased to announce the formation of the joint venture with FREYR and our investment in U.S.-based 24M,” said David Park, president of Koch Strategic Platforms. “This initiative could create jobs here in the U.S. and foster continued adoption of transformative energy technology.”

“KSP conducted diligence on the FREYR investment beginning in January 2021 when we participated as the largest investor in their PIPE offering. We are confident in the prospects of signing significant commercial offtake agreements in both the energy storage and EV sectors that will enable us to select a Gigafactory location in the U.S. next year,” said Jeremy Bezdek, managing director of KSP and FREYR board director.

In conjunction with the agreement, KSP and FREYR have invested $70 million in convertible promissory notes with 24M, under which KSP and FREYR will initially invest $50 million and $20 million, respectively. Upon closing of the convertible note financing, the JV entered into a new licensing agreement with 24M that will enable the JV to deploy 24M’s SemiSolid™ platform technology with conditional limited exclusivity in the U.S.

“We are delighted to enhance our deep strategic partnership with FREYR and establish a new collaboration with a globally-respected industrial player in Koch,” added Naoki Ota, President and CEO of 24M. “The investment in 24M and expanded licensing agreement validate our battery technology leadership and offer potential deployment at commercial scale in the U.S.”

The JV will leverage 24M’s SemiSolid™ technology, which dramatically reduces the number of steps required to manufacture battery cells while still using conventional lithium-ion raw materials. The SemiSolid™ production platform enables capital and operating cost savings as well as expanded opportunities to recycle materials. Using the 24M technology platform, the JV will have the flexibility to provide next-generation batteries of various sizes and chemistries at commercial scale.

“The establishment of the U.S. JV with KSP and the associated investment in 24M are transformational developments for FREYR,” commented Tom Jensen, FREYR’s Chief Executive Officer. “These agreements increasingly position FREYR as a leader in modularized production of next-generation battery cells at scale. We are now taking formal steps to offer localized battery supply complementing our initial Norwegian offering to the exponentially growing U.S. market. We are very excited to deepen our key strategic relationships with Koch and 24M as we accelerate our work to establish a substantial commercial production footprint in the U.S.”

Today’s announcement follows FREYR’s press release on June 11, 2021, which outlined the Company’s negotiations with a major multinational conglomerate to develop battery production facilities in North America; and KSP’s prior investment in the business combination transaction between FREYR AS and Alussa Energy Acquisition Corp. completed on July 9, 2021.

Conference Call
FREYR and KSP will conduct a conference call today, Tuesday, October 12th, 2021, at 10:30 am EDT/4:30 pm CEST to discuss today’s announcement. The presentation material will be available to download at http://freyrbattery.com.

To access the conference call, listeners should contact the conference call operator at the appropriate number listed below approximately 10 minutes prior to the start of the call.

Dial in information:

United Kingdom: +44 3333000804
United States: +1 6319131422
Switzerland: +41 225809034
Spain: +34 935472900
Norway: +47 23500243
Luxembourg: +352 27300160
Hong Kong: +852 30600225
Germany: +49 6913803430
France: +33 170750711
Denmark: +45 35445577
Canada: +1 4162164189

Participant pin code: 45399424#

A webcast of the conference call will be broadcast simultaneously. Attendees may access the webcast at https://streams.eventcdn.net/freyer/freyr-project-leif

About FREYR Battery
FREYR is a producer of clean battery solutions for a better planet. Listed on the New York Stock Exchange, FREYR’s mission is to accelerate the decarbonization of energy and transportation systems globally as one of Europe’s largest clean battery suppliers. To learn more about FREYR, please visit www.freyrbattery.com.

About Koch Strategic Platforms
With offices in Atlanta and Wichita, KSP desires to be the preferred investment partner of growth focused, strategic companies who are innovating in industries with disruptive potential. Created in 2020, the KSP team pursues public and private investments with companies where long-term mutual benefit can be realized. https://www.kochind.com/

About 24M Technologies
24M answers the world’s need for affordable energy storage by enabling a new, more cost-effective solution — SemiSolid™ lithium-ion technology. By re-inventing the design of the battery cell as well as the manufacturing method, 24M solves the critical, decades-old challenge associated with the world’s preferred energy storage chemistry: reducing its high cost while improving its safety, reliability, and performance. Founded and led by some of the battery industry’s foremost inventors, scientists, and entrepreneurs, 24M is headquartered in Cambridge, Mass. For more information, please visit www.24-m.com.

Forward-looking Statements
All statements, other than statements of present or historical fact included in this press release, including, without limitation, statements regarding the development, timeline, capacity and utility of FREYR’s and/or the JV’s Gigafactories, the development and commercialization of 24M’s SemiSolid™ technology, FREYR’s and / or the JV’s manufacturing capacity relative to other market participants and the development of customer and offtake relationships are forward-looking and involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.

Most of these factors are outside FREYR’s control and difficult to predict. Information about factors that could materially affect FREYR is set forth under the “Risk Factors” section in FREYR’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission (the "SEC") on August 9, 2021, as amended, and in other SEC filings available on the SEC’s website at www.sec.gov.


Contacts

FREYR Battery contact information
For investor inquiries, please contact:
Jeffrey Spittel, Vice President, Investor Relations
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Tel: (+1) 281-222-0161

For media inquiries, please contact:
Katrin Berntsen
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Tel: (+47) 920 54 570

Koch Industries contact information
Christin Fernandez, Director of Communications
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202-879-8546

24M Technologies contact information
Pang Tan, VP of Business Development
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Tel: (+1) 617-553-1012

An Alberta Energy Services Company, AiM has net-zero greenhouse gas emissions through its business operations.

CALGARY, Alberta--(BUSINESS WIRE)--AiM, an Alberta Energy Services company, today announced that they have achieved net-zero greenhouse gas emissions throughout its business operations.



AiM has spent ten months conducting extensive analysis and working with experts to produce a net-zero plan for its Canadian based operations. AiM became a net-zero GHG emitter positioning them as the only company in Canada, within their service sector, to achieve this status.

“The desire to combat climate change is not going away, in fact it’s even more prevalent today than ever before. A key to tackling climate change is reducing the amount of GHG being put into the air, we are aware of this and wanted to combat this problem,” said AiM‘s founder and Vice President Lane Boisjoli.

Mike Bailey, President of AiM, added: “We’re still at the very beginning of the transition of creating a better, cleaner planet and we plan to work closely with our clients to put similar practices into production in order to lead them towards becoming net-zero.”

As an active leader in their industry, AiM is offering a free consultation of services to other energy companies to assist in achieving net-zero status. This will actively encourage other energy services companies to follow suit and in turn positively impact our global environment contributing to positive climate change.

ABOUT AiM LAND

AiM is a full-service land, environment, indigenous and sustainability consulting firm with innovative and expert solutions within their service sector. Offering expertise for a broad spectrum of major energy projects across Canada and the United States, AiM utilizes leading edge technology to reduce costs, improve communications, and ultimately deliver the projects with maximum efficiently. Their strong and dynamic team brings extensive knowledge experiences to each project. Learn more about AiM at https://aimlandservices.com and Our Net Zero Initiative.

Contact me to get the full story or to set up an interview. I am happy to explain why we, as a Canadian Energy Service Company, chose to be a Leader in reducing the effects of climate change by going net-zero.


Contacts

Lane Boisjoli
Vice President

D: 403.648.5401 M: 403.660.4057
O: 403-452-3713 F: 403-452-3769
E: This email address is being protected from spambots. You need JavaScript enabled to view it.
aimlandservices.com
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CHARLOTTE, N.C.--(BUSINESS WIRE)--EnPro Industries, Inc. (NYSE: NPO), an industrial technology company, today announced agreements for the sale of its Compressor Products International (CPI) business unit (and exclusive negotiations with respect to the French operations of the CPI business unit) to Howden Group, a leading global provider of mission critical air and gas handling products and services with headquarters in Glasgow, UK. The aggregate purchase price for the transaction is $195 million, subject to typical closing date adjustments. CPI is a leading provider of manufactured products and services for reciprocating compressors primarily serving the global petrochemical and oil & gas industries. The purchase price equates to approximately 10.4x adjusted LTM EBITDA. The transaction is subject to customary closing conditions, including regulatory reviews, and is expected to close in the first quarter of 2022.


This strategic action continues Enpro’s portfolio transformation toward niche industrial technology products and services, with a focus on faster growing end-markets such as semiconductor, photonics, food and pharma, and aerospace.

“We would like to thank the CPI team for their countless contributions to Enpro over the last 15 years and wish them continued success with Howden,” said Eric Vaillancourt, Interim President and CEO of Enpro. “This transaction bolsters our already strong balance sheet as we continue to invest in our growth priorities to drive sustainable long-term value for the benefit of our shareholders, employees and other stakeholders.”

CPI is included in Enpro’s Engineered Materials segment. Following the completion of the divestiture, the segment will be composed of GGB, an engineered polymer bearings solutions business, and Garlock Pipeline Technologies (GPT), a provider of mechanical solutions for pipeline customers.

Robert W. Baird & Co is serving as the exclusive financial advisor to Enpro. Robinson Bradshaw is Enpro’s lead legal counsel with Bird and Bird supporting internationally.

About Enpro

Enpro is an industrial technology company focused on niche applications across many end-markets, including semiconductor, photonics, industrial process, aerospace, food and pharma and life sciences. For more information about Enpro, visit the company’s website at http://www.enproindustries.com.

Forward-Looking Statements

Certain statements in this press release are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. The words “expect,” “anticipate,” “plan,” “target,” “project,” “believe” and similar expressions identify forward-looking statements. Forward-looking statements include, without limitation, statements about whether or when the transaction will be consummated and the anticipated timing thereof; the application of the anticipated net proceeds thereof; expected financial position; business strategy; operating plans; and capital and other expenditures, plans and objectives. These statements are only predictions. Enpro cautions that these statements are based on current estimates of future events and are highly dependent upon a variety of factors, which could cause actual results to differ from these estimates. Enpro cautions the reader that there are a variety of risks, uncertainties and other factors that could cause actual results to differ materially from what is contained, projected or implied by its forward-looking statements. The potential risks and uncertainties include, among others, the possibility that necessary regulatory approvals may not be obtained or that other conditions to closing the transaction may not be satisfied such that the transaction will not close or that the closing may be delayed; general economic conditions; the possibility of unexpected costs, liabilities or delays in connection with the transaction; risks that the transaction disrupts current plans and operations of Enpro; the ability to recognize the benefits of the transaction; the amount of the costs, fees, expenses and charges related to the transaction; the outcome of any legal proceedings that may arise with respect to the Transaction; and the occurrence of any event, change or other circumstances that could give rise to the termination of the relevant agreements for the sale of CPI. In addition, all forward-looking statements should be read in conjunction with Enpro’s documents filed with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended December 31, 2020 and its Quarterly Report on Form 10-Q for the period ended June 30, 2021. These filings identify important risk factors and other uncertainties that could cause actual results to differ from those contained in the forward-looking statements. These risk factors may not be exhaustive. Further, Enpro operates in a continually changing business environment and cannot predict new risk factors that may arise as a result of these changes. Statements in this press release speak only as of the date hereof. Enpro disclaims any obligation to publicly update or revise any forward-looking statements as a result of new information, future events or any other reason.


Contacts

Investor Contacts:
James Gentile

Vice President, Investor Relations

Jenny Yee
Corporate Access Specialist

Phone: 704-731-1527
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

PASADENA, Calif.--(BUSINESS WIRE)--Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services, announced today that the U.S. Agency for International Development (USAID) awarded the Company a four-year, $19.5 million, single-award contract to implement the Water and Energy for Food (WE4F) Southern and Central Africa Regional Innovation Hub in collaboration with Open Capital Advisors and the International Water Management Institute. WE4F focuses on scaling water-energy-food nexus innovations to enhance sustainable food production; increase income for marginalized populations; and promote biodiversity, climate, and environmental resilience.

Tetra Tech energy specialists will support the development and management of the Regional Innovation Hub to identify water-energy-food nexus companies throughout the region. Tetra Tech will support these companies to grow their operations through customized technical assistance that will increase food production through sustainable water and energy usage.

“Tetra Tech has supported USAID’s energy reform programs—including utility modernization and deployment of advanced off-grid power solutions—in Sub-Saharan Africa for more than 30 years,” said Dan Batrack, Tetra Tech Chairman and CEO. “We look forward to continuing to use our Leading with Science® approach to create sustainable water and clean energy solutions that build climate resilience and economic prosperity.”

About Tetra Tech
Tetra Tech is a leading provider of high-end consulting and engineering services for projects worldwide. With 21,000 associates working together, Tetra Tech provides clear solutions to complex problems in water, environment, sustainable infrastructure, renewable energy, and international development. We are Leading with Science® to provide sustainable and resilient solutions for our clients. For more information about Tetra Tech, please visit tetratech.com or follow us on LinkedIn, Twitter, and Facebook.

Any statements made in this release that are not based on historical fact are forward-looking statements. Any forward-looking statements made in this release represent management’s best judgment as to what may occur in the future. However, Tetra Tech’s actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions ("Future Factors"), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section "Risk Factors" included in the Company’s Form 10-K and Form 10-Q filings with the Securities and Exchange Commission.


Contacts

Jim Wu, Investor Relations
Charlie MacPherson, Media & Public Relations
(626) 470-2844

New two-year agreement builds on initial strategic partnership using Industrial DataOps platform Cognite Data Fusion to optimize well design and workflows

AUSTIN, Texas--(BUSINESS WIRE)--#Data--Cognite, a leader in industrial innovation announced today that it has signed a multi-year agreement with bp (NYSE: BP) to use Cognite's industrial dataops solution Cognite Data Fusion™ to empower its engineers and domain experts with better access to contextualized data in order to increase efficiency and sustainability of well operations.


“bp is pleased to extend our strategic partnership with Cognite to focus on optimization through contextualized data,” says Ahmed Hashmi, Senior Vice President Digital, Production & Business Services, bp. “Our collaboration using Cognite Data Fusion in our Well Delivery Workbench will empower well planners, engineers, and rig site operations teams to optimize well design and execution workflows. This will create a greater focus on safe delivery, improved design quality, and increased efficiency.”

“bp continues to reimagine energy through bold digital solutions and we are glad to play a role as Cognite Data Fusion offers a single consolidated well data layer to increase efficiencies and sustainability,” says Francois Laborie, Cognite North American President. “Both Cognite and bp are dedicated to transforming industry through digital innovation.”

About Cognite

Cognite is a global industrial SaaS company that was established with one clear vision: to rapidly empower industrial companies with contextualized, trustworthy, and accessible data to help drive the full-scale digital transformation of asset-heavy industries around the world. Our core Industrial DataOps platform, Cognite Data Fusion™, enables industrial data and domain users to collaborate quickly and safely to develop, operationalize, and scale industrial AI solutions and applications to deliver both profitability and sustainability. Visit us at www.cognite.com and follow us on Twitter @CogniteData or LinkedIn: https://www.linkedin.com/company/cognitedata.


Contacts

Michelle Holford
Global PR Lead - Cognite
+15127443420 (US)
+4748290454 (Norway)
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Monitoring and Service Solutions to Drive Recurring Revenue

TORONTO--(BUSINESS WIRE)--Kontrol Technologies Corp. (NEO:KNR) (OTCQB:KNRLF) (FSE:1K8) ("Kontrol" or the "Company"), a leader in smart building technologies, is providing its customers with new building automation controls and monitoring solutions for water conservation, including building-level and in-suite technology.


“The core of our growth strategy is to capture additional market share in each building in our operating footprint, while scaling across our customer portfolios,” said Paul Ghezzi, CEO of Kontrol. “Our customers seek a unified platform to better manage their buildings and critical energy infrastructure, including the increasingly important water monitoring vertical. The more technology Kontrol deploys to provide real-time data and controls for important infrastructure and utilities, the greater our ability to deliver value to our customers, and ultimately to our shareholders.”

A New Regulated Market

Kontrol is entering the water reporting, monitoring and conservation market due to increasing regulations and the importance of reducing water waste. It is typical that most large buildings report their annual water usage and water conservation plans. Importantly, areas that are impacted by drought measures can also include regulated conservation.

Integration with Global HVAC and Automation

Through integration with its latest acquisition of Global HVAC and Automation (“Global”), Kontrol will offer its customers smart meters and sensors on its unified SmartSite platform. Smart water meters are an important tool to help end users optimize water resource, monitor for leaks, and provide real-time service, however they often lack an easy to use and unified platform.

“This new opportunity is an example of our continued integration with Global’s operations,” continued Ghezzi. “Prior to the acquisition, Global was outsourcing all building technology to third parties. We are now working diligently to bring those opportunities in-house and add to what is being offered to customers on a recurring basis.”

Recurring Revenues

As the Company deploys its technology to aggregate data, monitor and provide smart learning opportunities to optimize buildings in real-time, it seeks to create recurring revenues through both software and service. Customers can benefit from remote shutoff capability, data visualization, leak monitoring and overall consumption measured against conservation measures.

New Construction and Building Retrofit

With the completion of the Global acquisition, the Company can now offer solutions both in the new construction and retrofit market.

About Kontrol Technologies Corp.

Kontrol Technologies Corp. (NEO:KNR) (OTCQB:KNRLF) (FSE:1K8) is a leader in smart buildings and cities through IoT, Cloud and SaaS technology. Kontrol provides a combination of software, hardware, and service solutions to its customers to improve energy management, air quality and continuous emission monitoring.

Additional information about Kontrol Technologies Corp. can be found on its website at www.kontrolcorp.com and by reviewing its profile on SEDAR at www.sedar.com

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Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy.

Where Kontrol expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that sufficient capital will be available to the Company and that technology will be as effective as anticipated.

However, forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by such forward-looking statements. Such risks include, but are not limited to, that sufficient capital and financing cannot be obtained on reasonable terms, or at all; that those technologies will not prove as effective as expected; those customers and potential customers will not be as accepting of the Company's product and service offering as expected; and government and regulatory factors impacting the energy conservation industry.

Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date. Kontrol does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required under applicable securities law. Readers are cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking information.


Contacts

Kontrol Technologies Corp.
Paul Ghezzi
CEO
This email address is being protected from spambots. You need JavaScript enabled to view it.
180 Jardin Drive, Unit 9, Vaughan, ON L4K 1X8
Tel: (905) 766.0400

Investor Relations:
Brooks Hamilton
MZ Group – MZ North America
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Tel: +1 (949) 546-6326

SE Ventures, Schneider Electric’s venture capital fund, joins MCJ Collective and existing investors to fund smarter, cleaner energy solutions

NEW YORK--(BUSINESS WIRE)--WattBuy, a clean energy platform that empowers consumers to choose more sustainable, affordable energy options, today announced it has raised $10 million in additional investment for its Series A round of funding. This raise is led by SE Ventures, a venture capital fund backed by Schneider Electric, along with MCJ Collective. Existing investors also participating in this round include Evergy Ventures, Updater, Powerhouse Ventures, Techstars Ventures, Avesta Fund and Yoav Lurie, bringing WattBuy’s total Series A raise to $13.25 million.


Each investor brings a significant track record of supporting early-stage climate tech startups across a wide range of sectors.

“While we were not planning to extend our Series A, the tremendous interest from partners like Schneider Electric and MCJ Collective that play a pivotal role in our future growth plans was impossible to ignore,” said Naman Trivedi, CEO and co-founder of WattBuy. “We value the commitment of these industry leaders to help us fundamentally reshape how consumers make energy decisions and support our mission of becoming the ‘everything platform’ for energy.”

The expansion of WattBuy’s Series A round follows significant customer growth over the last 12 months.

“We’re finding that companies across a growing number of verticals want to present climate-friendly, cost-saving solutions to their customers,” said Ben Hood, WattBuy’s co-founder and chief technology officer. “We’re the embedded solution that enables some of the biggest brands and enterprises in the world to provide that intelligent, seamless experience to their customers.”

“WattBuy is enabling enterprises in any industry to launch their own branded energy marketplaces to help consumers access affordable and clean energy options for their homes; which is an incredibly attractive value proposition for businesses with strong brands and a loyal customer base,” said Brock Smith, Managing Director at Evergy Ventures. Partners include market-leading Internet of Things platforms like Samsung SmartThings, personal finance applications like Intuit Mint and real estate platforms like Updater.

“We’re thrilled to be partnering with WattBuy at this inflection point and to help position the company’s technology as a foundational energy data fabric, helping consumers make smarter and ultimately cleaner energy choices,” said Grant Allen, general partner at SE Ventures, a venture capital fund backed by Schneider Electric with $600M under management. “We are always on the hunt for mission-oriented entrepreneurs aligned with Schneider Electric’s vision for a sustainable, all-electric future, and we’ve certainly found that in Naman and Ben.”

The funds from this round will enable WattBuy to double its team, expanding in product, data science and business development. Additionally, the company will soon launch a new solar service that provides residents across the country with community and rooftop solar options. Further, WattBuy will continue to build personalized energy products, services and tools for its engaged customers to unlock the potential of distributed energy resources.

“We need the clean energy and climate tech industries to evolve rapidly if we are going to meet the urgency of the climate crisis,” said Jason Jacobs, founder at MCJ Collective. “I’m proud to stand behind WattBuy’s goal of ensuring that clean, renewable energy is widely available, affordable and accessible to everyone.”

WattBuy also announced the hiring of Bobby Tulsiani as the company’s first Chief Financial Officer. Tulsiani joins WattBuy after serving as the head of strategy and finance at Opendoor and director of corporate planning and analysis for Netflix. Earlier in his career, Tulsiani held product management roles for Barnes & Noble and AOL.

"Since the company's earliest days, WattBuy has demonstrated not only an ability to offer cleaner electricity choices, but also a path to upend how consumers and businesses interact with energy providers," said Emily Kirsch, Founder and Managing Partner at Powerhouse Ventures. "The overwhelming level of investor interest in this round reflects the strong traction that WattBuy's API and channel partnerships have enabled."

Since its founding in 2017, WattBuy has raised a total of $16 million in venture funding.

About WattBuy

WattBuy empowers consumers to make smarter, cleaner energy choices through its marketplace of electricity solutions. The company's comprehensive set of APIs helps leading personal finance companies, real estate platforms, energy services businesses and more provide their customers with clean energy solutions and personalized energy analytics. For more information about WattBuy, please visit https://wattbuy.com/.

About Schneider Electric

At Schneider, we believe access to energy and digital is a basic human right. We empower all to make the most of their energy and resources, ensuring Life Is On everywhere, for everyone, at every moment. We provide energy and automation digital solutions for efficiency and sustainability. We combine world-leading energy technologies, real-time automation, software and services into integrated solutions for Homes, Buildings, Data Centers, Infrastructure and Industries. We are committed to unleash the infinite possibilities of an open, global, innovative community that is passionate about our Meaningful Purpose, Inclusive and Empowered values.

www.se.com


Contacts

Steve Smith
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  • Bushel has acquired GrainBridge, a joint venture owned by ADM and Cargill Incorporated.
  • ADM joins Cargill on Bushel’s platform, working with their respective customers to transition from GrainBridge to the Bushel platform over time.
  • The acquisition will further connect the grain industry creating a network effect for more than 40% of the grain origination in the U.S. and Canada.
  • Increased data science capabilities and a larger network will improve decision-making for grain marketing, further strengthening relationships between farmers and local elevators of all sizes.

FARGO, N.D.--(BUSINESS WIRE)--Bushel, an independently owned software technology company focused on developing solutions for the grain supply chain, today announced its acquisition of GrainBridge, LLC, a joint venture owned by ADM and Cargill Incorporated.



GrainBridge employees will join the Bushel team and remain based in Omaha, Neb. Their data expertise will help to further strengthen the end-to-end capabilities of the Bushel platform and enable Bushel’s customers to better serve their farm customers. ADM and Cargill will be working with their customers to transition to the Bushel platform providing a more expansive offering.

“Innovation is one of the pillars of ADM’s strategy, and we’re committed to continually improving and expanding digital technology to help support the producers who grow our food,” said Doug Roose, Vice President Producer Marketing, ADM. “In 2019 we were proud to announce GrainBridge, a joint effort with Cargill to bring together new and useful tools for farmers in a single, easy-to-use digital platform. Now, we’re excited to take the next step: Bringing GrainBridge and Bushel together will give farmers a path to new features and functionality, including existing staples like the ability to see local cash bids and account information. This is a win for producers, and it’s a win for our industry, as we continue to innovate and improve to strengthen the entire food and ag value chain.”

ADM joins Cargill and more than 200 other local country cooperatives, processors, feed mills, ethanol plants, and other biofuel companies who are collaborating in building the industry’s largest digital infrastructure network.

The acquisition complements Bushel’s strategic focus to enable, not disrupt, the agriculture industry and lead it into the digital age with strategies that solve real pain points and provide value for all stakeholders in the ag and food value chain. By providing permission-based data sharing and visualization, there will be improved data-based decision-making. These connections can support all points of the supply chain from grower to grain origination to consumer packaged goods (CPG companies).

Specific examples include:

  • Increased grower profitability at the field level through more data-driven decision-making. Bushel’s data insights capabilities will help educate grain buyers and sellers about forecasted trends and best practices related to grain marketing.
  • Increased visibility for food processors sourcing for specific traits such as higher protein or oil content within their customer base.
  • Verification to support sustainability credits and corporate targets for CPG companies through a “grain passport.”

“ADM and Cargill came together with GrainBridge to better understand the digital grain marketing landscape. This next step of bringing GrainBridge together with Bushel will provide better outcomes for farmers by improving their grain marketing and selling practices,” said Jeff Klock, Global Digital Strategy Leader, Cargill. “We look forward to continuing to engage with Bushel to continue our journey to understand and serve the market not just for today, but for the future.”’

Because both Bushel and GrainBridge collaborate with a number of different partners throughout the grain supply chain, this acquisition will continue to maintain the standard of permission-based control within the sharing of data. Both growers and grain buying facilities will maintain control over when and how their data will be shared throughout the supply chain. The partners who the grower and the grain facility choose to do business with are integrated directly into the software so the information is readily accessible and does not require manual data entry.

“The collaboration of the grain industry behind Bushel will lead to faster standardization, which leads to faster innovation. As an industry, it is more efficient to be working together and collaborating on resources to improve the North American grain trade,” said CEO Jake Joraanstad. “Adding the GrainBridge team members to Bushel gives us stronger data science capabilities to provide even better insights from our expanded network.”

Learn more:

To learn more, visit bushelpowered.com and grainbridge.com

About Bushel

Bushel is an independently owned software company and leading provider of software technology solutions for growers, grain buyers, ag retailers, protein producers and food companies, headquartered in Fargo, N.D. Since launching in 2017, Bushel’s platform has grown rapidly, now powering nearly 2,000 grain facilities across the U.S. and Canada with real-time business information for their producers. Bushel’s platform now reaches 40% of grain origination in the United States, resulting in inarguably the largest technology network effect among growers and grain buyers in the U.S. today. Bushel’s product suite includes its flagship mobile app, websites, trading tools, market feeds, API services, FarmLogs and a custom software division focused on agriculture. Bushel has been focused on building software since the company was founded in 2011. Data privacy is a cornerstone of Bushel’s philosophy. Read here Bushel’s Data Ethos.


Contacts

Bushel contact:
Julia Eberhart
Public Relations & Communications Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
(605) 690-1418
For sales and partnership inquiries:
Jeremy Johnson
Senior Partner
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(701) 371-1524

The Energy Savings Performance Contract will intensify resilience against climate threats and reduce annual energy consumption

FRAMINGHAM, Mass. & PETALUMA, Calif.--(BUSINESS WIRE)--#batteryenergystorage--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced it has entered into a $43 million Energy Savings Performance Contract (ESPC) with the United States Coast Guard (USCG) at the service’s largest west coast training facility, Training Center (TRACEN) Petaluma. The project will be the USCG’s first Battery Energy Storage System (BESS) project and the Department of Homeland Security’s (DHS) largest solar renewable energy project integrated within the USCG’s first fully functional, renewable energy-powered microgrid.



TRACEN Petaluma faces a range of energy security and resiliency challenges endemic to the climate and regional power infrastructure in northern California. In light of the regularity and severity of weather events and utility interruptions affecting the site, USCG competitively selected Ameresco in February 2021 to fast-track development of a comprehensive ESPC to enhance the site’s electric infrastructure and resiliency posture. The microgrid will integrate existing distributed backup generators with a new 5 megawatt (MW) solar array and an 11.6MWh BESS to power the entire site in the event of a loss of utility (LoU). Planned improvements also feature the deployment of new power distribution transformers, Smart controls in 10 buildings across campus, LED lighting improvements for over 8,000 fixtures, installation of new electric vehicle (EV) charging infrastructure and heating, ventilation, and air conditioning (HVAC) equipment upgrades.

“This contract award enables continuity of operations in an environment of unpredictable climate hazards and will increase Training Center Petaluma’s relevance throughout the region, while sustaining our Coast Guard mission ready total workforce,” said Capt. Steven Ramassini, commanding officer for the training campus.

“Addressing the evolving needs of the Coast Guard means that we have to look beyond just using traditional direct appropriations. The use of energy performance contracts allows the Coast Guard to address critical infrastructure improvements in a timeframe that would be unachievable with customary methods and provides holistic solutions to complex issues. Leveraging partnerships and finding unique solutions is how the Coast Guard is able to accomplish mission critical improvements with our limited resources,” notes Rear Adm. Carola List, Assistant Commandant for Engineering and Logistics, and the Coast Guard’s chief engineer.

Once completed, Training Center Petaluma ​​will realize a cost savings of more than $1.2 million in the first year alone. The project will also reduce the site’s annual electricity and propane consumption by 8.7M kWh and 50.8 kgal, respectively.

“We are so honored to lead the design and development of this historic project for the United States Coast Guard,” said Nicole Bulgarino, executive vice president, Ameresco. “The upgrades outlined integrate energy efficiency and clean onsite energy with advanced microgrid controls and significantly enhance the training facility’s energy resiliency. The finished project will set a strong precedent for future Federal renewable generation and battery storage projects.”

Construction on the project is set to begin in October 2021 and reach completion by Fall 2023.

To learn more about the energy efficiency solutions offered by Ameresco, visit www.ameresco.com/energy-efficiency/.

About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and the United Kingdom. Ameresco’s sustainability services in support of clients’ pursuit of Net Zero include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.

About the United States Coast Guard
Since 1790, the Coast Guard has safeguarded the American people and promoted national security, border security, and economic prosperity in a complex and evolving maritime environment. The Coast Guard saves those in peril and protects the Nation from all maritime threats. As a branch of the U.S. Armed Forces, a law enforcement organization, a regulatory agency, a member of the U.S. Intelligence Community, and a first responder, the Coast Guard employs a unique mix of authorities, broad jurisdiction, flexible operational capabilities, and a network of partnerships. The Coast Guard is the principal Federal agency responsible for maritime safety, security, and environmental stewardship in U.S. ports and inland waterways, along more than 95,000 miles of U.S. coastline, throughout the 4.5 million square miles of U.S. Exclusive Economic Zone (EEZ), and on the high seas. For more information, visit https://www.uscg.mil/About/.

The announcement of a customer’s entry into a contract is not necessarily indicative of the timing or amount of revenue from such contract, of the company’s overall revenue for any particular period or of trends in the company’s overall total backlog. This project was included in our previously reported awarded project backlog and assets in development as of June 30, 2021.


Contacts

Media Contact:
Ameresco: Leila Dillon, 508-661-2264, This email address is being protected from spambots. You need JavaScript enabled to view it.

  • Second amine treating plant, on track for October 2021 start-up, to double treating capacity
  • Second sequestration well planned for 2022

HOUSTON--(BUSINESS WIRE)--Piñon Midstream, LLC (Piñon) today announced its greenfield sour gas treating and carbon capture facility (the Dark Horse Facility) and its associated pipelines, compressor stations, and acid gas sequestration infrastructure were placed into service with the initial capacity fully subscribed. The facility is operating near its initial treating capacity of approximately 85 million cubic feet per day (MMcf/d) of sour natural gas.


Located in Lea County, New Mexico, the Dark Horse Facility brings a state-of-the-art, purpose-built sour gas treating and carbon capture facility to the Delaware Basin. The facility was specifically built to capture and permanently sequester both carbon dioxide (CO2) and hydrogen sulfide (H2S) from operators’ natural gas volumes and redeliver their “sweet” gas to third-party midstream processors within the region.

Growth Plans Underway for the Dark Horse Facility

Piñon is near completion on the installation of a second amine treating plant (“Plant 2”), expected to be completed in October 2021. When operational, the second amine plant will increase treating capacity of the Dark Horse Facility to approximately 170 MMcf/d.

“We are excited to announce that our Dark Horse Facility is open for business,” said Piñon Midstream Co-Founder and President Steven Green. “The producers in our area have had a dire need for a long-term and environmentally friendly solution to the extreme acid gas concentrations that have previously challenged the region. By removing and sequestering these gases, the Dark Horse Facility makes it possible for operators to realize a single-source solution to CO2 and H2S contaminants that are prevalent throughout the basin.”

“We are also excited to announce that the capacity of Plant 1 is fully subscribed along with a portion of the capacity in Plant 2,” said Piñon Midstream Co-Founder and Chief Commercial Officer Justin Bennett.

The Dark Horse Facility and associated infrastructure includes a centralized amine treating plant (“Plant 1”) along with an 18,000-foot-deep acid gas sequestration well (“Independence AGI #1”), 40,000 horsepower of full NACE field and plant compression, and 30 miles of high-pressure gathering and redelivery pipelines. The facility is expandable to treat up to 400 MMcf/d of sour gas.

Piñon’s Independence AGI #1 is New Mexico’s deepest and largest acid gas injection well, with the capacity to permanently sequester up to 175,000 tons of CO2 and 75,000 tons of H2S annually. Sequestration capacity for the Dark Horse Facility will double when the Independence AGI #2 well is completed and placed into service. Independence AGI #2 is scheduled for completion in 2022.

New Senior Secured Credit Facility

In August 2021, Piñon closed on a new senior secured credit facility with BOK Financial. The proceeds will be used to fund expansion projects and for other general business purposes.

“Piñon is very excited to partner with BOK Financial to support our system buildout and growth objectives,” said David Cargill, Piñon’s Vice President of Finance. “This facility, combined with our equity commitment from Black Bay Energy Capital, provides ample liquidity to satisfy the growing demand for sour gas treatment and carbon capture solutions in the Delaware Basin.”

About Piñon Midstream, LLC

Piñon Midstream, LLC was formed in 2020 by midstream veterans Steven Green and Justin Bennett to provide a viable solution to the sour gas problem in the northeastern Delaware Basin. Formed with financial backing from Black Bay Energy Capital and supported by underwriting commitments from Ameredev II, Piñon delivers a full menu of sour gas services that include field gathering and compression, sour condensate stabilization and marketing, amine treating for removal of H2S and CO2, H2S and CO2 geologic sequestration, and high-pressure delivery of treated sweet gas to multiple area third-party processing plants. For more information, please visit www.pinonmidstream.com.

About Black Bay Energy Capital

Black Bay Energy Capital (“Black Bay”) is an energy private equity firm focused on the North American energy sector. Black Bay invests equity capital in businesses managed by talented entrepreneurs that provide a differentiated product or service to their clients to help reduce costs, improve operations, and achieve ESG initiatives. The firm’s investment strategy and success stem from the more than 75 years its investment professionals have been working day-to-day with great teams and building high-growth companies. For more information, please visit www.blackbayenergy.com.


Contacts

Bevo Beaven
TEN|10 Group, LLC
303.433.4397, x114 o
720.666.5064 m
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NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the "Company") plans to announce its financial results for the third quarter 2021 prior to 8:00 A.M. Eastern Time on Wednesday, November 3, 2021. A copy of the press release and an earnings supplement will be posted to the Investors section of the Company's website, www.newfortressenergy.com.


In addition, management will host a conference call on Wednesday, November 3, 2021 at 8:00 A.M. Eastern Time. The conference call may be accessed by dialing (866) 953-0778 (from within the U.S.) or (630) 652-5853 (from outside of the U.S.) fifteen minutes prior to the scheduled start of the call; please reference “NFE Third Quarter 2021 Earnings Call."

A simultaneous webcast of the conference call will be available to the public on a listen-only basis at www.newfortressenergy.com. Please allow extra time prior to the call to visit the site and download the necessary software required to listen to the internet broadcast.

A replay of the conference call will be available after 11:00 A.M. Eastern Time on November 3, 2021 through 11:00 A.M. Eastern Time on November 10, 2021 at (855) 859-2056 (from within the U.S.) or (404) 537-3406 (from outside of the U.S.), Passcode: 7250426.

About New Fortress Energy Inc.

New Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to help accelerate the world’s transition to clean energy. The company funds, builds and operates natural gas infrastructure and logistics to rapidly deliver fully integrated, turnkey energy solutions that enable economic growth, enhance environmental stewardship and transform local industries and communities.


Contacts

IR:
Joshua Kane
(516) 268-7455
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Media:
Jake Suski
(516) 268-7403
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ROCKVILLE, Md.--(BUSINESS WIRE)--#AmericanJobs--Goodwill Industries of the Valleys is harnessing clean energy from the sun to save on their electricity bill, allowing them to put those savings directly into the work they do, ensuring every individual can acquire the skills and support needed to earn a good job and advance into a sustainable career.

The new rooftop solar array is located on the Roanoke Jobs Campus building in Roanoke, Virginia. This is one of several solar projects that RER Energy Group has been honored to develop for organizations in the Goodwill movement, and the first of these acquired by Standard Solar Inc., a nationally recognized leader in the development, funding, ownership, and operation of commercial and community solar assets.

Goodwill Industries of the Valleys’ Chief Financial & Compliance Officer, Jackson Green, said, “This is our second solar array. Solar makes economic sense for Goodwill, and it aligns with our value of stewardship. The new array will save us money and be a long-term solution to rising energy costs. The money saved will provide for more opportunities for future investment in people, programs and new ventures which will strengthen our mission and the communities we serve. We are committed to reducing the carbon footprint of Goodwill.”

While many non-profits may want to reduce their carbon footprint, ensuring that an organization also gets real financial benefits from solar takes commitment from project funders like Standard Solar working closely with developers like RER Energy Group, whose mission is to leverage solar to strengthen communities.

“We applaud Goodwill Industries of the Valleys for joining other Goodwills that have already gone solar and demonstrating how solar supports the movement’s overall mission of sustainability,” said Jim Kurtz, President RER.

“Adding this project to our commercial & industrial (C&I) portfolio is a meaningful step in helping non-profits, including Goodwill Industries of the Valleys, benefit from the power of solar and controlled energy costs,” said Eric Partyka, Director of Business Development-National Accounts, Standard Solar. “Adopting solar technology allows Goodwill to reduce its carbon footprint and enhance its mission to ensure every individual can acquire the skills and supports needed to earn a good job and advance into a sustainable career.”

The 547.92 kW project is expected to generate 90% of the building’s onsite electricity needs. Each year the array will produce 742 megawatt-hours of electricity, an annual reduction in CO2 emissions equivalent to 581,205 pounds of coal burned and 63,964,861 smartphones charged.

Click here to view a video of the solar array at the Goodwill Roanoke Jobs Campus.

About Goodwill Industries of the Valleys

Goodwill Industries of the Valleys serves 35 counties and 14 cities throughout Central, Southwest, and Southside Virginia. Its mission is to eliminate poverty through empowering individuals, strengthening families, and building stronger communities. In 2020, Goodwill served 63,078 youth, adults, and seniors who needed assistance getting back to work and gaining greater independence, placed 2,598 people into jobs in our community, and helped individuals attain 6,321 industry recognized credentials that will allow them to be more competitive in their job search and to find higher paying employment. At the end of August, Goodwill had already assisted nearly 26,000 people in 2021. Visit www.goodwillvalleys.com for more information.

About RER Energy Group

Founded in September 2009, RER Energy Group is a national leader in renewable energy deployment. RER’s mission is to leverage solar to strengthen communities and works relentlessly to find innovative solutions that lead to more savings through solar. RER provides cost efficient and quality renewable energy systems to non-profit, commercial, industrial, and municipal organizations throughout the U.S. and Mexico. To date, RER has developed more than 60 Megawatts (MW) of solar arrays for over 120 clients. To help fund these solar systems, RER has assisted clients in securing more than $30 million in State and Federal grants. For more information, visit rerenergygroup.com.

About Standard Solar

Standard Solar is powering the nation’s energy transformation – channeling its project development capabilities, financial strength and technical expertise to deliver the benefits of solar, as well as solar + storage, to businesses, institutions, farms, governments, communities and utilities. Building on 17 years of sustainable growth and in-house and tax equity investment capital, Standard Solar is a national leader in the development, funding and long-term ownership and operation of commercial and community solar assets. Recognized as an established financial partner with immediate, deep resources, the company owns and operates more than 225 megawatts of solar across the United States. Standard Solar is based in Rockville, MD. Learn more at standardsolar.com, LinkedIn and Twitter: @StandardSolar.


Contacts

PR Contact for Standard Solar:
Leah Wilkinson
Wilkinson + Associates
703-907-0010
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PR Contact for RER Energy Group:
Jennifer Cruz
703-727-5002
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Managed SD-WAN and SASE Provides World Fuel Services with Secure Connectivity for Their Hybrid Workforce While Lowering Their Total Cost of Ownership

SAN MATEO, Calif.--(BUSINESS WIRE)--#Cloud--Aryaka®, the leader in fully managed SD-WAN and SASE, today announced World Fuel Services, a leading global energy company, has selected the company’s cloud-first platform for its latest network transformation initiative. The new initiative consists of providing World Fuel Services with secure connectivity for their global hybrid workforce while lowering their total cost of ownership (TCO).


World Fuel Services sells and distributes aviation, marine and land fuel products, as well as energy management solutions, to clients across a range of industries in over 200 countries worldwide. ­The Fortune 500 company is headquartered Miami, Florida with employees across the U.S., Latin America, Europe, and Asia.

When World Fuel Services embarked on a company-wide digital transformation initiative, transforming their core on-premises network was the critical first step and foundation to achieving their vision of a cloud-first architecture. The company’s MPLS network was unreliable, expensive, and time-consuming to maintain across their global sites. Their IT organization determined they needed a unified, cloud-based architecture to deliver the company’s critical SaaS applications, such as Microsoft Office365, Box, Slack, Zoom and more, without increasing costs or management complexity.

After determining that Aryaka’s fully managed Cloud-First SD-WAN solution plus last mile management services met all their requirements, World Fuel Services quickly rolled out the solution to 75+ global sites. Once deployed, global application performance and network redundancy improved, while the company decreased their network TCO by 25% — a real win-win for the organization.

Yet when the global pandemic appeared in 2020, World Fuel Services, like most organizations, was challenged to transition a fully on-site organization to a fully remote workforce. Th­e company’s traditional VPN was slow and unreliable. After deploying Aryaka Private Access, a secure managed VPN-as-a-Service solution, latency for remote workers decreased and, anecdotally, remote users noted the positive experience of having fast, uninterrupted connectivity.

As a result of this shift, the company has embraced a hybrid work environment, viewing it as the future of work and Aryaka as an important tool to enabling this vision. By moving to Aryaka’s fully managed SD-WAN and SASE solution, World Fuel Services plans to be MPLS and datacenter free by the end of 2021. Lastly, the move to Aryaka’s managed service has proved to be a major benefit, saving both time and money for the IT organization.

“We wanted to consume our network in the same way we consume the cloud, which is an as-a-service model, but at the same time, we wanted to make sure the company we worked with was culturally aligned to who we are and who we want to be,” said Richard Delisser, vice president of global infrastructure at World Fuel Services. “Th­ose are the two core reasons we chose Aryaka.”

“From a network performance standpoint, I view the benefits in two areas: one is redundancy. We could never have the level of redundancy with MPLS that we now have with Aryaka. The second is the amount of incidents. We’ve seen a 90% reduction in incidents since deploying Aryaka,” said Walter Aragon, senior network manager, at World Fuel Services.

“I would like to add, it’s not just Aryaka’s technology we’re thankful for, it’s their level of support. If we have a circuit that’s down, they support us end-to-end by reaching out to the ISP, managing the issue, and letting us know when it’s been solved. This helps us put the pressure aside and focus on other priorities,” Walter concluded.

“World Fuel Services is a company that is top of their game in delivering trusted energy solutions,” said Shashi Kiran, CMO at Aryaka. “We are pleased to have earned their trust as a strategic partner as they deliver best-in-class energy solutions to their customers globally.”

In January 2020, Aryaka and World Fuel Services won the 2020 SD-WAN Implementation Award from Internet Telephony in the category of successful SD-WAN deployment.

Aryaka will also be hosting an upcoming webinar with Walter Aragon of World Fuel Services and Mauricio Sanchez, Network Security Research Director at Dell’Oro, addressing SASE technology drivers and implementation successes. Register here: https://www.aryaka.com/events-webinars/sase-myths-and-implementation/.

Aryaka/World Fuel Services Case Study: https://www.aryaka.com/resources/case-study-world-fuel-services/

For more on Aryaka, please visit: https://www.aryaka.com/

Visit the Aryaka blog: https://www.aryaka.com/blog/

Follow Aryaka on Twitter: @AryakaNetworks

Visit Aryaka on LinkedIn: https://www.linkedin.com/company/aryaka-networks/

About Aryaka

Aryaka, the Cloud-First WAN and SASE company, and a Gartner “Voice of the Customer” leader, makes it easy for enterprises to consume network and network security solutions delivered as-a-service for a variety of modern deployments. Aryaka uniquely combines innovative SD-WAN and security technology with a global network and a managed service approach to offer the industry’s best customer and application experience. The company’s customers include hundreds of global enterprises including several in the Fortune 100.


Contacts

US Aryaka Media Contact:
Liam Collopy, Executive Vice President
Harden Communications Partners
Ph: 510-488-2472
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UK Aryaka Media Contact:
Inés Mitsou, Account Manager
Positive
Ph: 0770-388-4664
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HOUSTON--(BUSINESS WIRE)--#HooverCS--Hoover CS, a leading provider of sustainable packaging and fleet management solutions, announced today that Arash Hassanian, Senior Vice President, will assume the role of President effective immediately.



Hassanian has been with the company for more than fifteen years, serving in several different roles with increasing responsibilities. Most notably, Hassanian was instrumental in leading the company’s strategic transformation earlier this year towards the support of sustainability and environmental responsibility in industrial packaging.

Arash has been a driving force in guiding the growth of our business over the past few years,” said Kevin Friar, CEO, Hoover CS. “His passion for sustainability, dedication to sales force productivity and effectiveness, and leadership for improving operational procedures across the business provide tremendous value to our team. His knowledge and experience will be pivotal to our future success.”

In his new role as President, Hassanian will lead Hoover CS’s global sales and operations teams and work to accelerate the company’s growth as it pushes forward with empowering environmental responsibility through sustainable packaging solutions.

About Hoover CS

Hoover CS is paving the way for customers across the chemical, refining and general industrial-end markets to move away from single-use containers. Through its large rental fleet of reusable liquid and dry IBCs and ISO tanks, combined with integrity management and fleet management services, Hoover CS’s sustainable packaging solutions facilitate circularity across the supply chain, yielding an optimized environmental footprint through reduced plastic, water conservation, and lower greenhouse gas emissions. For more information, please visit www.hooversolutions.com.


Contacts

Lana Belmokadem,
Vice President of Marketing, Hoover CS
+1-281-870-8402 x 1075
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ALEXANDRIA, Va.--(BUSINESS WIRE)--VSE Corporation (NASDAQ: VSEC), a leading provider of distribution and maintenance, repair and overhaul (MRO) services for land, sea and air transportation assets in the public and private sectors, today announced that it has entered into a 5-year extension to an existing distribution agreement (the “Agreement”) valued at approximately $125 million with a global aircraft engine manufacturer (“OEM”).


Under the terms of the Agreement, VSE Aviation will remain the worldwide exclusive distributor of new fuel control systems and associated spare parts to the business and general aviation as well as rotorcraft markets for a leading global OEM. VSE expects to support more than 15,000 aircraft currently in operation worldwide with on-demand, flight-critical components on a 24/7 basis to support scheduled engine overhaul activity, line maintenance and AOG (aircraft on-ground) events. The agreement excludes Japan-based customers.

The Agreement and partnership, which was initially scheduled to terminate in 2024, has been extended through 2029. VSE currently expects total working capital investments under the extended Agreement to decline versus historical levels, with no impact to current customer support levels. Annual revenue contributions under the Agreement are anticipated to approximate the prior-year period.

“This contract extension further solidifies our successful, long-term relationship with a valued global OEM partner, one who values our technical expertise, services capabilities and depth of experience managing complex global distribution programs,” stated John Cuomo, President and CEO of VSE Corporation. “We are pleased by the opportunity to further support this OEM and look forward to leveraging our unique value proposition as a supplier of choice to our growing global base of BG&A customers.”

“At a strategic level, VSE Aviation continues to build a multi-year pipeline of higher-value contractual revenue with both new and existing partners,” stated Ben Thomas, VSE Aviation President. “The continuation of this important, decades long OEM relationship serves to strengthen our core business, while further positioning us to become the leading integrated supplier of flight-critical systems and MRO services to the global business and general aviation market.”

ABOUT VSE CORPORATION

VSE is a leading provider of aftermarket distribution and repair services for land, sea and air transportation assets for government and commercial markets. Core services include maintenance, repair and overhaul (MRO) services, parts distribution, supply chain management and logistics, engineering support, and consulting and training services for global commercial, federal, military and defense customers. VSE also provides information technology and energy consulting services. For additional information regarding VSE’s services and products, visit us at www.vsecorp.com.

FORWARD-LOOKING STATEMENTS

This press release contains certain forward-looking statements. These forward-looking statements, which are included in accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, may involve known and unknown risks, uncertainties and other factors that may cause VSE’s actual results to vary materially from those indicated or anticipated by such statements. Many factors could cause actual results and performance to be materially different from any future results or performance, including, among others, the risk factors described in our reports filed or expected to be filed with the SEC. Any forward-looking statement or statement of belief speaks only as of the date of this press release. We undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.


Contacts

INVESTOR RELATIONS
Noel Ryan | Phone: 720.778.2415 | This email address is being protected from spambots. You need JavaScript enabled to view it.

ALBERTA, Calgary--(BUSINESS WIRE)--#E2Eenergysolutions--E2E will be releasing the details of its new patent pending process Enhanced Geothermal Reservoir Recovery System or EGRRS at its virtual PTAC TIS presentation October 14 at 10:30am MST. The presentation can be viewed live by registering in advance on the PTAC website: PTAC TIS: E2E Energy Solutions Inc.



E2E Energy Solutions is a Calgary based alternative energy company providing new innovative solutions to help the world meet its goals of a net zero carbon economy.


Contacts

Nick Daprocida, President and CEO
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Canadian Mobile: +1 403 805 1463
or
Tracey Kukurudz, Director of Administration
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+1 604 715 7114

New integration reaffirms ecobee’s commitment to an open ecosystem, making it one of the best smart thermostats for Apple users

TORONTO--(BUSINESS WIRE)--Today, ecobee announced that Siri is coming to the SmartThermostat with voice control with a free software update. Customers will be able to use Apple’s intelligent assistant to say “Hey Siri” to their ecobee SmartThermostat and get hands-free help setting the temperature, sending an intercom message, and more. The software update is beginning to roll out now and will be available over the next few weeks for all ecobee SmartThermostat customers.



By design, the SmartThermostat will send these requests through a customer’s HomePod mini on the same network, providing a level of privacy customers have come to expect from Apple. Users can also control the SmartThermostat using the Home app.

“We’re excited that customers will be able to talk to Siri directly from ecobee’s SmartThermostat with voice control, offering Apple customers a more seamless experience throughout the home. With every advancement to our products, we hope to make our customers’ lives better, with devices that bring even more comfort and convenience to each day. This new integration brings that promise to life by opening up new ways for our customers to control their home with our SmartThermostat,” said Stuart Lombard, ecobee Founder and CEO.

The addition of Siri demonstrates ecobee’s commitment to an open ecosystem, with all the leading smart home ecosystems compatible with the ecobee SmartThermostat. The sustainable smart home leader understands access to intelligent assistants such as Siri helps ecobee SmartOwners manage their busy lives with ease and is committed to evolving its privacy-focused voice experience.

ecobee’s SmartThermostat delivers comfort and increased energy savings that you can control with your voice or mobile device. It is also ENERGY STAR certified and can help customers save up to 26% annually on their heating or cooling costs, compared to a hold of 72°F/22°C.

Pricing, Availability and Compatibility

The ecobee ENERGY STAR-certified SmartThermostat with voice control ($249.99 USD) is available to purchase on ecobee.com, through select retail partners including Amazon, Lowes, Home Depot and Best Buy, or an ecobee certified installer. The device comes with one SmartSensor in the box with additional sensors available for purchase in packs of two. SmartThermostat learns and adapts to your schedule for enhanced comfort and reduced energy use. Across North America, there are millions of connected ecobee thermostats that have an average lifespan of over 10 years.

An Apple HomePod mini and an iPhone with iOS 15 or later are required to enable Siri on SmartThermostat. Customers can also connect to and control the SmartThermostat using the Home app. For more information, visit Apple Support.

Built-in voice control with Amazon’s Alexa is also available. ecobee SmartThermostats are compatible with most homes in North America. Check if your home is compatible at ecobee.com/compatibility.

About ecobee

ecobee Inc. was founded in 2007 by Stuart Lombard with a mission to improve everyday life while creating a more sustainable world. Since launching the world’s first smart thermostat, ecobee has helped customers across North America save more than 20 TWh of energy, which is the equivalent of taking all the homes in Los Angeles off the grid for a year. Today, ecobee continues to be an independently held company that innovates with smart home solutions that solve everyday problems with comfort, security, and conservation in mind. With ecobee’s award-winning products, including the SmartThermostat with voice control and SmartCamera with voice control, ecobee continues to encourage SmartOwners to imagine what home could be. For more information, visit ecobee.com.


Contacts

Press:
Fatima Reyes, Senior Communications Manager, ecobee
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AUSTIN, Texas--(BUSINESS WIRE)--HUVR, Inc. (HUVR), announces the expansion of its expanding HUVR Partner Network (HPN), adding world-class inspection tool providers: DeFelsko, FLX Solutions and Planys Technologies. Every addition serves to deliver greater value to all concerned users.


The HPN is designed to provide a seamless, streamlined and simple user experience to customers, compiling data from any source for a single inspection, giving a complete view of asset health. By partnering with the best technology providers possible, HUVR enables customers to seamlessly integrate the best tools into their tank inspection workflows, without the need to waste valuable time with complex integrations.

The platform also incorporates securely-gathered information into comprehensive reporting and analytics from both internal teams and inspection service providers like:

Bob Baughman, CEO of HUVR, said, “Our goal with the HUVR Partner Network is to deliver the maximum value and most choice possible to our customers. By partnering with top companies, we expand the available options for our customers to integrate the best-in-class inspection tools into their tank inspection workflows.”

Each company brings their particular strength to HUVR’s robust platform. HUVR’s vendor-agnostic system makes it easier for customers to integrate these tools into their existing workflows:

  • DeFelsko's hardware captures ultrasonic thickness (UT) measurements across a wide variety of applications, which can be linked to information on the HUVR platform seamlessly.
  • FLX Solutions modular robotics, when combined with the HUVR platform, will provide users with a seamless, end-to-end inspection process.
  • Planys Technologies unique ability to remotely analyze underwater inspections for subsea infrastructure and tank assets will further expand users' non-destructive testing (NDT) capabilities on the HUVR platform.

About HUVR

HUVR was founded to help asset owners maximize ROI through comprehensive digital maintenance and inspection flows. Their vision started by providing simple tools that allow technicians to ingest their inspection data via easy and simple to use mobile tools, letting them do their jobs rather than struggling with annoying paperwork.

HUVR provides a sophisticated but simple to use system that allows clients to manage petabytes of asset data without the need for manuals or extensive training. Their clients are most pleased by the dashboard and analytics tools that give them a visualization of the health of their assets in ways they never had with simplicity. For more information visit https://www.huvrdata.com/


Contacts

Jenn Starr
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RENFREW, Scotland--(BUSINESS WIRE)--Howden, a leading global provider of mission critical air and gas handling products, technologies and services, has entered into an agreement with EnPro Industries (NYSE: NPO) to acquire Compressor Products International (“CPI”), a leading provider of aftermarket components and services to the global reciprocating compressor market. This will be Howden’s sixth acquisition in 2021 and is expected to close following customary regulatory clearances and approvals.



CPI, headquartered in Houston, Texas, USA, has a diverse, global blue-chip customer base with sales primarily in North America, Europe and Asia. It is a manufacturer of precision-engineered, custom aftermarket products and its broad product offering is critical to the longevity, efficiency and safety of reciprocating compressors.

The acquisition of CPI is well aligned with Howden’s strategy of expanding its global aftermarket presence in the compressor market. By leveraging CPI’s strategically located service centres, Howden will expand its aftermarket services and coverage across North America and Europe. CPI’s valves and aftermarket products are complementary and strategically important additions to Howden’s existing aftermarket compressor technology portfolio. As a result of this acquisition, Howden’s addressable markets will increase by $1 billion.

As part of Howden, CPI will be able to access growth opportunities through additional technology support from Howden and by leveraging Howden’s existing global distribution and services network in China, Asia Pacific and South Africa. With CPI’s predominantly aftermarket revenues, this acquisition will be accretive to both Howden’s aftermarket mix and overall margins.

This acquisition also reinforces Howden’s role in supporting the ongoing energy transition towards renewable sources of energy. Reciprocating compression technology is critical to the energy transition, with applications in hydrogen production and infrastructure as well biofuel production. Howden will leverage CPI’s reciprocating compressor technology to support customers through the energy transition in these critical applications.

Ross Shuster, CEO of Howden, commented: “CPI’s technology, expertise and aftermarket presence, is an excellent fit within Howden, and will allow us to best serve customers looking to improve the performance and extend the life of their vital compressor assets across a wide range of industries.

The synergies for both organisations and the positive impact for the combined customer base is significant. We look forward to welcoming the CPI team into Howden upon closing of the transaction.”


Contacts

Devan LaBrash / Holly Kidd
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+44 (0) 7741 614756 / +44 (0) 7590 405915

  • Conversion ratio increased to 162.9223 units
  • Increase reflects distribution related to Atlantic Aviation sale

NEW YORK--(BUSINESS WIRE)--Macquarie Infrastructure Holdings, LLC (NYSE: MIC) (the “Company”) announced an adjustment to the conversion ratio applicable to its 2.00% Convertible Senior Notes due 2023. The conversion ratio for the Notes increased to 162.9223 units per $1,000 of principal amount. The increase is effective October 8, 2021. The adjustment reflects the impact of the distribution to unitholders by the Company on October 7, 2021, related to the sale of its Atlantic Aviation business.

This press release is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell any Notes. The Notes are the subject of a repurchase offer being made only pursuant to the Fundamental Change Company Notice and Offer to Repurchase for Cash dated September 23, 2021, and the related materials that the Company has distributed to Note holders and filed with the Securities and Exchange Commission, including the amendment thereto filed today.

Note holders are encouraged to carefully read these documents before deciding whether to exercise their option to require the Company to purchase their Notes, as these documents contain important information regarding the details of the Company’s obligation to purchase the Notes. Holders of the Notes may obtain a free copy of these documents at the Securities and Exchange Commission’s website, www.sec.gov or from the trustee, paying agent and conversion agent for the Offer to Repurchase, Wells Fargo Bank, National Association, by calling toll free at (800) 344-5128 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..

About MIC

MIC’s businesses consist of entities comprising energy services, production, and distribution in Hawaii. For additional information, please visit the MIC website at www.macquarie.com/mic.

MIC is not an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of MIC do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL). MBL does not guarantee or otherwise provide assurance in respect of the obligations of MIC.


Contacts

Investors
Jay A. Davis
Investor Relations
MIC
+1 212-231-1825

Media
Lee Lubarsky
Corporate Communications
MIC
+1 212-231-2638

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