Mawson’s integrated model is based on a long-term strategy to assist in the global transition to a decarbonized society

SYDNEY--(BUSINESS WIRE)--Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson”), a digital infrastructure provider, is pleased to announce it has joined the Bitcoin Mining Council, a voluntary and open forum of Bitcoin Miners committed to the network and its core principles.

The mandate of the Bitcoin Mining Council is to promote transparency, share best practices, and educate the public on the benefits of Bitcoin and Bitcoin Mining.

Mawson is committed to being a sustainable and efficient Bitcoin Miner and uses predominantly non-carbon emitting/sustainable energy including nuclear, wind and hydro.

James Manning, CEO and Founder of Mawson, said, "We are delighted to join the Bitcoin Mining Council and are excited to share our insights on sustainable energy with the council and the public. Mawson recently signed a partnership with Quinbrook Infrastructure Partners, a global green energy infrastructure fund, with our first site now operational in Australia, co-located next to a 100% renewable energy generation asset. We believe this is the future of the industry and are excited to be at the forefront.”

About Mawson Infrastructure

Mawson Infrastructure is a digital infrastructure provider, headquartered in Sydney, Australia and operating across the USA and Australia, Mawson Infrastructure’s mission is to build a bridge between the rapidly emerging digital asset industry and traditional capital markets, with a strong focus on shareholder returns. Mawson matches energy infrastructure with next-generation mobile data centre solutions, enabling the proliferation of blockchain technology.

For more information, visit: www.mawsoninc.com

About the Bitcoin Mining Council

The Bitcoin Mining Council is a voluntary and open forum of Bitcoin mining companies and other companies in the Bitcoin industry committed to the Bitcoin network and its core principles. It promotes transparency, shares best practices, and educates the public on the benefits of Bitcoin and Bitcoin mining.

For more information, visit: www.bitcoinminingcouncil.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Mawson cautions that statements in this press release that are not a description of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words referencing future events or circumstances such as “expect,” “intend,” “plan,” “anticipate,” “believe,” and “will,” among others. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon Mawson’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, which include, without limitation, the possibility that Mawson’s need and ability to raise additional capital, the development and acceptance of digital asset networks and digital assets and their protocols and software, the reduction in incentives to mine digital assets over time, the costs associated with digital asset mining, the volatility in the value and prices of cryptocurrencies and further or new regulation of digital assets. More detailed information about the risks and uncertainties affecting Mawson is contained under the heading “Risk Factors” included in Mawson’s Annual Report on Form 10-K filed with the SEC on March 1, 2021 and Mawson’s Quarterly Report on Form 10-Q filed with the SEC on November 15, 2021, and in other filings Mawson has made and may make with the SEC in the future. One should not place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Mawson undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as may be required by law.

Investor Contact:
Brett Maas
646-536-7331
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www.haydenir.com

WALL, N.J.--(BUSINESS WIRE)--New Jersey Natural Gas (NJNG) today received approval from the New Jersey Board of Public Utilities (BPU) on the settlement of its base rate case and conclusion of its Safety Acceleration and Facility Enhancement (SAFE II) and New Jersey Reinvestment in System Enhancement (NJ RISE) programs, resulting in a $79.269 million increase to its base rates. NJNG requested the increase to recover costs associated with the responsible operation of its business, system enhancements and infrastructure investments, including an emission-reducing green hydrogen project, the Southern Reliability Link (SRL) and a new safety training facility.

“This is a reasonable, fair settlement that recognizes the value of the more than $800 million of investments we’ve made in our system and operations since 2019,” said Steve Westhoven, President and CEO of New Jersey Natural Gas. “These investments have significantly enhanced the reliability of our delivery system, driven down emissions and supported the critical operation of our lifeline utility service. We thank the Board of Public Utilities for their work in reaching an outcome that balances the interests of our customers and our company.”

After a thorough review by regulators, the settlement reflects a rate base of $2.523 billion, an increase in revenue requirement of $79 million, an overall rate of return of 6.84 percent and a composite depreciation rate of 2.78%.

The BPU also authorized a $269,000 rate increase related to SAFE II and NJ RISE investments through June 30, 2021, effectively concluding those programs. Approved in 2016 and 2014, respectively, SAFE II and NJ RISE replaced unprotected base steel main in NJNG’s pipeline network and enhanced system resiliency in the most storm prone areas of its service territory.

The approved rates include recovery of NJNG’s new emission-reducing green hydrogen facility. This cutting-edge project is the first of its kind on the East Coast to generate zero-carbon green hydrogen and blend that energy with natural gas on an existing distribution system serving customers. The project results in lower emissions from the energy NJNG delivers, without any change to the way its customers receive or consume energy.

Also included is the recovery of all capital investments related to the SRL and a new safety training facility. The SRL is a 30-mile transmission pipeline that significantly strengthens NJNG’s delivery system and provides greater reliability and supply diversity to customers at the southern end of its service territory. The training facility is a part of NJNG’s commitment to safety. It will provide mandated operator qualification and safety-related training, including classroom and simulated field activities for NJNG employees and third-party contractors, as well as training opportunities for local emergency personnel.

Separately, the BPU approved a 1.4% increase related to Basic Gas Supply Service (BGSS) recoveries. The BGSS represents the cost of the commodity that is passed through to customers. Any change to this rate does not result in a change in earnings for NJNG.

The new rates will go into effect on December 1, 2021.

As a result of the BGSS and base rate adjustments approved by the BPU, the typical residential heating customer using 100 therms a month will see an increase of $13.23, or 11.3%, on their monthly bill, from $117.05 to $130.28. Even with this change, customers’ bills are still 23.4% lower than they were in 2008.

Energy assistance is available for customers struggling to pay their natural gas bill. Email This email address is being protected from spambots. You need JavaScript enabled to view it. or call 800-221-0051 to learn more about eligibility and available programs. NJNG also offers energy-efficiency programs through The SAVEGREEN PROJECT®, including rebates and financing options for high-efficiency equipment, to help customers save energy and money. For more information, visit savegreenproject.com.

About New Jersey Resources

New Jersey Resources (NYSE: NJR) is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. NJR is composed of five primary businesses:

• New Jersey Natural Gas, NJR’s principal subsidiary, operates and maintains over 7,500 miles of natural gas transportation and distribution infrastructure to serve over half a million customers in Monmouth, Ocean and parts of Morris, Middlesex and Burlington counties in New Jersey.
• NJR Clean Energy Ventures invests in, owns and operates solar projects with a total capacity of more than 365 megawatts, providing residential and commercial customers with low-carbon energy solutions.
• NJR Energy Services manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions to its customers across North America.
• Storage & Transportation serves customers from local distributors and producers to electric generators and wholesale marketers through its ownership of Leaf River Energy Center and the Adelphia Gateway Pipeline Project, as well as our 50% equity ownership in the Steckman Ridge natural gas storage facility.
• NJR Home Services provides service contracts as well as heating, central air conditioning, water heaters, standby generators, solar and other indoor and outdoor comfort products to residential homes throughout New Jersey.

NJR and its more than 1,200 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve^® and initiatives such as The SAVEGREEN Project^® and The Sunlight Advantage^®.

Follow us on Twitter @NJNaturalGas.

“Like” us on facebook.com/NewJerseyNaturalGas.

Media:
Michael Kinney
732-938-1031
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Investors:
Dennis Puma
732-938-1229
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2,200% revenue growth driven by manufacturers accelerating digital transformation investments

SANTA CLARA, Calif.--(BUSINESS WIRE)--#fast500--Propel, developer of the only unified quality management (QMS) and product lifecycle management (PLM) solution built on Salesforce, today announced it ranked No. 77 on the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 27^th year. Propel grew 2,207% during this period.

"Manufacturers are embracing new technology to win in a design anywhere, build anywhere, sell anywhere world," said Ray Hein, co-founder and CEO, Propel. “Our cloud native solution allows companies to create, commercialize and correct products using a single platform. Our growth is a testament to the business value delivered by this Product 360 approach, and we’re honored to be recognized by Deloitte as one of the fastest growing companies in North America.”

“Each year the Technology Fast 500 shines a light on leading innovators in technology and this year is no exception,” said Paul Silverglate, vice chair, Deloitte LLP and U.S. technology sector leader. “In the face of innumerable challenges resulting from the pandemic, the best and brightest were able to pivot, reinvent and transform and grow. We celebrate the winning organizations and especially the talented employees driving their success.”

“The pandemic has underscored the urgent need for tech solutions in a variety of areas across health care, fintech, energy tech, entertainment, to name a few, so reliance on innovators like the winners of the Technology Fast 500 is more important than ever,” said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte’s audit & assurance practice. “These companies are not only at the cutting edge, transforming the way we do business, but most importantly, recognize the strategic importance of ongoing innovation, especially in the ever-changing world of technology.”

Overall, 2021 Technology Fast 500™ companies achieved revenue growth ranging from 212% to 87,037% from 2017 to 2020, with median growth of 521%.

About the 2021 Deloitte Technology Fast 500™

Now in its 27^th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2017 to 2020.

In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.

About Propel

Propel enables Product 360, the modern way to take products from concept to customer. Born in the cloud and built on Salesforce, Propel helps manufacturers collaborate across the entire value chain to get the right products to market faster and at higher margins. Companies of all types trust Propel to achieve product success, from hyper-growth startups like Desktop Metal, Imperative Care, and Inari Medical, to established innovators like Traeger, Simplisafe, and Vizio, to Fortune 500 companies like Shell and Zoetis. For more information, visit propelplm.com and follow us on LinkedIn.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.

Samantha Chapman, This email address is being protected from spambots. You need JavaScript enabled to view it.

While aging infrastructure remains a concern, focus on cybersecurity and grid modernization reflects rising challenges for service providers

OVERLAND PARK, Kan.--(BUSINESS WIRE)--Facing mounting demand to integrate increasing amounts of renewable energy onto the grid and elevate their resilience to power-disrupting weather events and wildfires, U.S. electric utilities continue to wage a transformation keying on their need to modernize in a decarbonizing world. Black & Veatch’s new survey-driven Electric Report puts into focus the blend of challenges and opportunities for a sector tasked with bolstering their reliability in a rapidly evolving energy ecosystem.

Applying its expert analyses to survey data from nearly 500 electric industry stakeholders – and released on the heels of the influential COP26 global summit about climate change – Black & Veatch’s 15^th annual report details a path forward for the sector as “new energy” from solar and wind – and the ascension of hydrogen – continue to reshape the domestic power landscape.

Highlighted during the recent U.N. Climate Change Conference in Glasgow, Scotland, unrelenting demands from governments, corporations, activists and shareholders for lower carbon footprints also are prompting utilities to balance their energy portfolios with cleaner, more environmentally friendly options. Cyber threats and the pressing need to invest in charging infrastructure for a proliferating electric vehicle (EV) market add to such headwinds as the industry prepares for a surge in demand after more than a decade of slow growth.

Detailing the push for utilities and power developers to become more sustainable, reliable and resilient, the report offers key insights, including:

• While aging infrastructure has been a relative constant as the industry’s most-cited top challenge for more than a decade, roughly one-third of survey respondents now rate the integration of renewables as their No. 1 challenge, moving up one spot from last year. Cybersecurity jumped four spots to second place, with aging infrastructure now third.
• Over the next decade, the energy sector expects to see solar and wind power as critical to meeting clean energy goals and/or cutting their emissions and carbon output. Those numbers drop considerably beyond 10 years, giving way to more deployments of hydrogen — the most-cited option beyond the next decade — and battery energy storage.
• Industry concerns regarding the future of renewables at scale center on three major barriers, with cost leading the way.
• With no universal approach in preparing grids for extreme climate events, each energy asset owner and provider will need a customized strategy that accounts for system constraints, geographic location, asset vulnerabilities, budgetary considerations and workforce availability.
• Government incentives and policies, along with increased governmental pressure and influence, are the top two factors driving the respondents’ renewable energy investments in their regions.

“As the surge of clean energy fuels, advancements in energy storage and extreme weather events and wildfires continue to have a profound impact on the U.S. power grid’s resilience, electric utilities must embrace the opportunity to innovate and repower themselves,” said Mario Azar, president of Black & Veatch's energy and process industries business. “It’s a pivotal time for forward-looking, proactive energy approaches that deliver the reliability and lower carbon impacts that consumers and enterprises, big and small, demand from critical infrastructure services.”

Other notable findings in the report include:

• Nine out of 10 respondents expect energy storage investments to increase in the next five years in their region, up from 80 percent last year. More than half — 56 percent — expect their generation capacity investment in hydrogen to rise over the same half-decade time frame, double the 26 percent of respondents who anticipated as much in 2020.
• Nearly 80 percent of respondents are committed to reducing carbon dioxide (CO₂) and other greenhouse gas emissions while furthering their own clean energy goals. More than half (57 percent) are doing this independently from any regulatory mandate.
• Seventy-five percent of respondents say they are directing their capital toward clean renewable energy investment, yet less than 10 percent believe a 100-percent clean energy generation model has been validated.
• Four out of five respondents consider asset hardening to be more important today than in previous years. This may be due to the immediacy of this year’s weather issues – or reflect the business community’s awareness of the significant financial and reputational risk they face from extreme weather events.
• Nearly three-quarters of survey respondents acknowledge there is local pressure on their utilities to commit to decarbonization. Roughly one-third of respondents say they’re feeling increased demand for clean energy solutions from commercial and industrial clients, up nearly three-fold from last year.

Editor’s Notes:

• Black & Veatch’s report is based on a survey of nearly 500 electricity industry stakeholders. To download a free copy of the report, click here.

About Black & Veatch’s Industry Reports

Black & Veatch’s high-impact reports, in a series previously known as Strategic Directions publications, provide industry insights and analysis based on market-leading research. Encompassing several annual reports examining the electric, water and other sectors, the series serves to inform and educate industry players on key issues, challenges and opportunities. Visit https://www.bv.com/reports to learn more.

About Black & Veatch

Black & Veatch is an employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure assets. Our revenues in 2020 exceeded US$3.0 billion. Follow us on www.bv.com and on social media.

Media Contact Information:
JIM SUHR | +1 913-458-6995 P | +1 314-422-6927 M | This email address is being protected from spambots. You need JavaScript enabled to view it.
24-HOUR MEDIA HOTLINE | +1 855-999-5991

SINGAPORE & DOHA, Qatar & SAN RAMON, Calif.--(BUSINESS WIRE)--Pavilion Energy Trading & Supply Pte. Ltd.¹ (“Pavilion Energy”), QatarEnergy and Chevron U.S.A. Inc (Singapore branch) (“Chevron”) (NYSE: CVX) today announced they have jointly published a quantification and reporting methodology to produce a statement of greenhouse gas emissions (SGE) for delivered LNG cargoes.

This is the first such published methodology that will be applied to sales and purchase agreements (SPAs), specifically the executed SPAs² by Pavilion Energy with QatarEnergy and Chevron. Intended for wide adoption, the methodology provides a calculation and reporting framework for greenhouse gas (“GHG”) emissions from wellhead-to-discharge terminal, based on industry standards.

The SGE Methodology was developed by a team of technical specialists representing Pavilion Energy, QatarEnergy and Chevron, supported by global sustainability consultancy Environmental Resources Management (ERM). It aims to create a common standard for the measurement, reporting and verification of the GHG emissions associated with producing and delivering an LNG cargo to drive greater transparency and enable stronger action on GHG reduction measures.

Independent academic experts, commercial institutions and verification bodies have reviewed the SGE Methodology. It complements key industry efforts being developed in parallel, specifically the Monitoring, Reporting and Verification (MRV) and GHG Neutral Framework by the International Group of LNG Importers (GIIGNL).

“We share a common and decisive vision with QatarEnergy and Chevron to advocate for transparency and accuracy of GHG emissions associated with delivered LNG cargoes,” said Alan Heng, Interim Group CEO of Pavilion Energy. “The SGE Methodology sets a strong tone for increased accountability of emissions along the LNG value chain, paving the way for more decarbonisation strategies towards a lower carbon future.”

Ahmad Saeed Al-Amoodi, QatarEnergy’s Executive Vice President of Surface Development and Sustainability, said, "This joint effort to develop a greenhouse gas quantification and reporting methodology is part of a series of projects and initiatives that reflect QatarEnergy’s commitment to reduce GHG emissions and to de-carbonize the LNG value chain. We are proud to join hands with our partners Pavilion Energy and Chevron in this landmark project.”

“We jointly developed this LNG carbon-footprinting methodology for delivered cargoes to help advance a standard for GHG product-level accounting,” said Bruce Niemeyer, Chevron's vice president of strategy and sustainability. “This methodology is expected to enhance transparency, improve accuracy and build stakeholder confidence in data reliability to help advance net zero ambitions.”

Additional information available online:

Methodology to Support a Statement of Greenhouse Gas Emissions (SGE) for Delivered LNG Cargoes

Executive Summary

About Pavilion Energy

Pavilion Energy is a wholly-owned subsidiary of Temasek. Headquartered in Singapore, its global energy business encompasses natural gas supply and marketing activities in South-East Asia and Europe; and global LNG trading, shipping and optimisation; as well as energy hedging and financial solutions. Pavilion Energy has also been a pioneer by developing LNG bunkering for the maritime industry and by promoting greenhouse gas emissions reduction and carbon offsets in the LNG value chain. As an advocate for LNG and natural gas as fuels of choice, we are driving energy transition efforts towards a more sustainable future for generations to come.

For more information about Pavilion Energy, please visit www.pavilionenergy.com.

About QatarEnergy

QatarEnergy is an integrated energy corporation responsible for the development of cleaner energy resources as part of the energy transition in the State of Qatar and beyond. As “Your energy transition partner”, QatarEnergy is the world leader in the production of Liquefied Natural Gas (LNG), the cleaner, safer, more flexible, and reliable source of energy, and an integral partner in the global energy transition.

For more information about QatarEnergy, please visit www.qatarenergy.qa.

About Chevron

Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We are focused on lowering the carbon intensity in our operations and seeking to grow lower carbon businesses along with our traditional business lines. More information about Chevron is available at www.chevron.com.

CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

This news release contains forward-looking statements relating to Chevron’s operations and energy transition plans that are based on management's current expectations, estimates and projections about the petroleum, chemicals and other energy-related industries. Words or phrases such as “anticipates,” “expects,” “intends,” “plans,” “targets,” “advances,” “commits,” “drives,” “aims,” “forecasts,” “projects,” “believes,” “approaches,” “seeks,” “schedules,” “estimates,” “positions,” “pursues,” “may,” “can,” “could,” “should,” “will,” “budgets,” “outlook,” “trends,” “guidance,” “focus,” “on track,” “goals,” “objectives,” “strategies,” “opportunities,” “poised,” “potential,” “ambitions,” “aspires” and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, many of which are beyond the company’s control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Unless legally required, Chevron undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are: changing crude oil and natural gas prices and demand for the company’s products, and production curtailments due to market conditions; crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries and other producing countries; technological advancements; changes to government policies in the countries in which the company operates; development of large carbon capture and offset markets; public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics, and any related government policies and actions; disruptions in the company’s global supply chain, including supply chain constraints; changing economic, regulatory and political environments in the various countries in which the company operates; general domestic and international economic and political conditions; changing refining, marketing and chemicals margins; the company’s ability to realize anticipated cost savings, expenditure reductions and efficiencies associated with enterprise transformation initiatives; actions of competitors or regulators; timing of exploration expenses; timing of crude oil liftings; the competitiveness of alternate-energy sources or product substitutes; the results of operations and financial condition of the company’s suppliers, vendors, partners and equity affiliates, particularly during the COVID-19 pandemic; the inability or failure of the company’s joint-venture partners to fund their share of operations and development activities; the potential failure to achieve expected net production from existing and future crude oil and natural gas development projects; potential delays in the development, construction or start-up of planned projects; the potential disruption or interruption of the company’s operations due to war, accidents, political events, civil unrest, severe weather, cyber threats, terrorist acts, or other natural or human causes beyond the company’s control; the potential liability for remedial actions or assessments under existing or future environmental regulations and litigation; significant operational, investment or product changes undertaken or required by existing or future environmental statutes and regulations, including international agreements and national or regional legislation and regulatory measures to limit or reduce greenhouse gas emissions; the potential liability resulting from pending or future litigation; the company’s future acquisitions or dispositions of assets or shares or the delay or failure of such transactions to close based on required closing conditions; the potential for gains and losses from asset dispositions or impairments; government mandated sales, divestitures, recapitalizations, taxes and tax audits, tariffs, sanctions, changes in fiscal terms or restrictions on scope of company operations; foreign currency movements compared with the U.S. dollar; material reductions in corporate liquidity and access to debt markets; the receipt of required Board authorizations to pay future dividends; the effects of changed accounting rules under generally accepted accounting principles promulgated by rule-setting bodies; the company’s ability to identify and mitigate the risks and hazards inherent in operating in the global energy industry; and the factors set forth under the heading “Risk Factors” on pages 18 through 23 of the company’s 2020 Annual Report on Form 10-K and in subsequent filings with the U.S. Securities and Exchange Commission. Other unpredictable or unknown factors not discussed in this news release could also have material adverse effects on forward-looking statements.

¹ Wholly-owned subsidiary of Pavilion Energy Pte. Ltd.

² Pavilion Energy and Qatar Petroleum Sign Strategic LNG Supply Agreement for Singapore; Pavilion Energy and Chevron Ink a LNG Supply Agreement for Singapore

Media Contacts

For Chevron:
Cam Van Ast
External Affairs Advisor, Asia Pacific
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For Pavilion:
Nicolette Tang
Manager, Corporate Communications
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• Named to Dow Jones Sustainability Index North America for 12th Consecutive Year
• Achieves Level 4 Status in Transition Pathway Initiative 2021 Report

NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) has earned a place on the prestigious Dow Jones Sustainability Index (DJSI) North America for the 12th consecutive year and is one of only three oil and gas companies included in the North America Index. The DJSI, which recognizes public companies for outstanding performance across economic, environmental and social factors, is used as a reference by shareholders who consider sustainability when making investment decisions. Only the most sustainable companies in each industry are considered each year for index membership.

In addition, the Transition Pathway Initiative (TPI) recently published its 2021 report on the progress of more than 190 energy companies in transitioning to a low carbon economy and supporting efforts to mitigate climate change in line with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. In TPI’s 2021 report, Hess is one of only three U.S. oil and gas companies to achieve its top Level 4 status, which is the highest level awarded to companies that demonstrably manage climate-related risks and opportunities from a governance, operational and strategic perspective.

“We are honored to be recognized by both the Dow Jones Sustainability Index and the Transition Pathway Initiative for delivering industry leading environmental, social and governance performance and disclosure,” said Alex Sagebien, Vice President, Environment, Health and Safety.

Hess’ Sustainability Report describes the company’s sustainability strategy and performance on environmental, social and governance programs and initiatives. The report is available at: www.hess.com/sustainability/sustainability-reports.

Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information about the company is available at www.hess.com.

For Hess Corporation

Investor Contact:
Jay Wilson
(212) 536-8940

Media Contact:
Lorrie Hecker
(212) 536-8250

COLUMBUS, Ohio--(BUSINESS WIRE)--The Conference on Innovations in Climate Resilience, presented by Battelle in collaboration with the Department of Energy’s (DOE) national laboratories, will host the nation’s leading minds in climate change and resilience in Columbus, Ohio, March 29-30. The first-ever event is a curated technical program that focuses on solutions and will include invited keynote presentations, platform and lightning talks and a poster reception.

The conference is expected to attract an audience of 800 government leaders, entrepreneurs and technology innovators who will explore breakthroughs in technology and policy that will help mitigate the threats from a changing climate to our environment, health, communities, national security and economic well-being.

“We are taking an innovative approach to bring together topics and entities that don’t typically come together, such as environment, health, national security, agriculture, infrastructure, and community economic well-being,” said Battelle Technical Fellow Justin Sanchez. “And it’s the combination of all these connected topics that is a lynchpin to our pioneering approach,” he said.

Following the high-profile discussion of climate resiliency with the COP26 global gathering and the Biden Administration’s Net Zero goals and bipartisan infrastructure bill, conference organizers and the scientific community are rallying to present real solutions.

“We are leaders in climate resiliency, and we intend to take the rare approach of collaborating on and presenting real, actionable solutions that have impact,” said Mark Peters, Battelle’s Executive Vice President for Global Laboratory Operations. “We’ve heard loud and clear from the government and other stakeholders that this is a priority, and we’re joining forces with the public and private sectors and academia to step up.”

Technical Program Overview

Climate resilience is focused on developing solutions to climate change. The technical program offers scientists and researchers an opportunity to join the community working at the forefront of innovations that reduce the impacts of climate change by restoring our ecosystems, by enabling adaptation of our built infrastructure and societies or by dramatically reducing the trajectory of causative factors.

Early-Bird Registration is available through Jan. 24, 2022.

News Media may register here.

Abstract Deadline is Dec. 6, 2021. The Call for Abstracts is now available >

The program will emphasize field applications, case studies, technology solutions and test beds, but submissions on fundamental research and modeling studies are also encouraged.

The technical program will be organized around the following major themes:

• International Climate Risk Analysis and National Security
• Resilient Infrastructure: Energy, Water, Communications, Transportation, and Building
• Nexus of Resilience and Ecosystem Restoration: Carbon Capture, Circular Economy, Water, and Land
• Health Resilience, Risks, and Interventions
• Innovations in Climate Resilient Food and Agriculture

Themes will be further refined and finalized after the abstract submission review conducted by the Technical Program Committee.

Additional information about the event will be added to the website as planning continues. Send inquiries to This email address is being protected from spambots. You need JavaScript enabled to view it..

About Battelle

Every day, the people of Battelle apply science and technology to solving what matters most. At major technology centers and national laboratories around the world, Battelle conducts research and development, designs and manufactures products, and delivers critical services for government and commercial customers. Headquartered in Columbus, Ohio since its founding in 1929, Battelle serves the national security, health and life sciences, and energy and environmental industries. For more information, visit www.battelle.org.

Katy Delaney
(614) 424-7208
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T.R. Massey
(614) 424-5544
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DUBLIN--(BUSINESS WIRE)--The "Pipeline Security Systems - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Pipeline Security Systems estimated at US$7 Billion in the year 2020, is projected to reach a revised size of US$11.5 Billion by 2027, growing at a CAGR of 7.4% over the analysis period 2020-2027.

Natural Gas, one of the segments analyzed in the report, is projected to record a 8.9% CAGR and reach US$3.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Crude Oil segment is readjusted to a revised 6.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.9 Billion, While China is Forecast to Grow at 11.4% CAGR

The Pipeline Security Systems market in the U.S. is estimated at US$1.9 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.6 Billion by the year 2027 trailing a CAGR of 11.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 6.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.

Hazardous Liquid Pipelines/Chemicals Segment to Record 6.1% CAGR

In the global Hazardous Liquid Pipelines/Chemicals segment, USA, Canada, Japan, China and Europe will drive the 5.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$362.9 Million in the year 2020 will reach a projected size of US$530.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.6 Billion by the year 2027, while Latin America will expand at a 7.3% CAGR through the analysis period.

Select Competitors (Total 49 Featured):

• ABB Group
• Future Fibre Technologies Pty., Ltd.
• GE Grid Solutions
• Modcon Systems Ltd.
• OptaSense
• POLUS-ST LLC
• Senstar Corporation
• SFC Energy AG - EFOY
• Siemens AG
• Silixa Ltd.
• Westminster International Ltd.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/n7lbog

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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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

RIDGEWOOD, N.J.--(BUSINESS WIRE)--Scale Microgrid Solutions announces the first closing of its new developer friendly finance products, making up to $55 million of capital available to Urban Energy Inc. to develop community solar in New York City and beyond.

Urban Energy Inc. (“Urban Energy”) is tailored to increase clean distributed energy adoption among small-commercial and condo/cooperative residential buildings in NYC by enabling no-investment participation and maximizing system values through urban-specific technologies and design. Their mission is to be the simplest path forward for New York City building owners to participate in clean energy projects. They’ve grown dramatically in the past several years, fueled by their focus on developing innovative roofing solutions for a historically under-served market. The team works tirelessly to meet New York City’s evolving clean energy needs.

Scale Microgrid Solutions (“Scale”) is pleased to announce a financing commitment with Urban Energy to fund the development, construction and acquisition of community solar installations in all five boroughs of New York City and beyond. Scale is teaming up with Urban Energy to break down the barriers that have traditionally challenged clean energy developers in dense, urban environments.

“Scale has provided us with flexible development capital that will help us grow our pipeline. With their commitment to acquire projects, we can now confidently offer financed solutions to building owners in New York City,” said Russell Wilcox, Co-Founder and CEO of Urban Energy.

“We are excited to launch Scale’s Capital Solutions Development Finance Facility credit product with Urban Energy in New York City. Urban Energy provides innovative solutions to provide cost savings and meet the energy needs of a broad array of New Yorkers. They will utilize this capital to achieve new levels of scale,” said Julian Torres, CFA, Chief Investment Officer of Scale Microgrid Solutions.

About Scale Microgrid Solutions: Scale is a vertically integrated distributed energy platform, with a core focus of designing, building, financing, owning and operating cutting-edge distributed energy assets that offer cheaper, cleaner, and more resilient power. Their team of energy and financing experts accelerate growth in distributed energy projects by providing financing to technology providers, energy developers, and OEMs, while also directly helping large energy-consuming customers ​to take charge of their energy infrastructure and future-proof their businesses.

About Urban Energy: Urban Energy was founded in July 2017 as a solar developer, EPC, and advanced racking manufacturer. Following triple-bottom-line principles, Urban Energy makes rooftop solar viable for multifamily structures by offering scalable and financeable solar products, including an innovative solar canopy designed specifically for underserved urban buildings. Urban Energy currently has a pipeline of 6.5 MW of contracted projects in Con Edison territory of NYC and Westchester, representing over 80 large multifamily residential and small-commercial buildings. Over half of Urban Energy’s contracted projects will employ the solar canopy, and nearly all will serve low-and-moderate-income or public housing buildings.

Scale Media:
Nicole Green
Director, Marketing and Branding
Scale Microgrid Solutions
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Urban Energy Media:
Russell Wilcox
Co-Founder & CEO
Urban Energy
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DEERFIELD BEACH, Fla.--(BUSINESS WIRE)--Capstone Companies, Inc. (OTC: CAPC) (“Capstone” or the “Company”), a designer, manufacturer and marketer of consumer inspired products that simplify daily living through technology reported its third quarter 2021 financial results on Monday, November 15, 2021. As a direct result of ongoing delays of certification and testing, the Company’s planned product launch for Q3 2021 was delayed and no revenues were generated in the third quarter accordingly.

The Company’s plan to produce an estimated 3,000 mirrors in 2021 remains intact. The remarkable increase in costs and limited availability of transport as widely reported in daily news coverage will impact the stateside availability dates for the second production run of 2,000 mirrors. The cost mitigation plan implemented in 2020 and the $1.5 million private equity placement in April 2021 has enabled the Company to sustain operations during these unprecedented times.

Stewart Wallach, Capstone’s Chairman & Chief Executive Officer, commented, “While the outbreaks of COVID have minimally effected the workforce in China and Thai factories in Q3, the certifications and testing, specifically FCC EMC, remain pending precluding the Company from shipping mirrors in Q3 as anticipated."

He added, "Management continues to exhaust every effort in addressing the delays which frankly are inexplicable. We have confirmed (as per my October 11^th PR) that the FCC EMC product testing was completed and that the certification is forthcoming. We are aggressively following up daily to bring this matter to a close. In the thirty-five years that your management team has been creating and bringing new consumer products to market, we have never experienced anything like this before.”

Wallach further commented, “On a positive note, to avoid any further delays, we have pre-paid an estimated $700 thousand for components and production for the first 1,000 mirrors are scheduled at the factory pending the publication of the FCC certification. We are standing ready for initial product release. The insiders and directors remain resolute, and have continued to support the Company with an additional $1 million in inventory funding made available on October 18^th. In addition to the funding, the largest insider shareholders have not sold any shares. I realize the shareholder community is anxious as communications have been limited since mid-October and accordingly, I will be scheduling a webcast prior to Thanksgiving to share material updates on the Smart Mirror program.”

About Capstone Companies, Inc.

Capstone Companies, Inc. is a public holding company that engages, through its wholly owned subsidiaries, Capstone Industries, Inc., Capstone Lighting Technologies, LLC, and Capstone International HK, Ltd., in the development, manufacturing and marketing of consumer products to retail channels throughout North America and certain international markets.

Visit our websites; www.capstonecompaniesinc.com for more information about the Company and www.capstoneconnected.com for information on our current product offerings. Contents of referenced URL’s are not incorporated herein.

Forward Looking Statements. This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, included in this press release regarding strategy, future operations, and plans, including assumptions underlying such statements, are forward-looking statements, and should not be relied upon as representing Company’s views as of any subsequent date. Such forward-looking statements are based on information available to the Company as of the date of this press release and involve a number of risks and uncertainties, some beyond the Company’s control or ability to foresee, that could cause actual results to differ materially from those anticipated by these forward-looking statements, including, including the impact of Coronavirus/COVID-19 pandemic on the Smart Mirror product line, any difficulty in marketing Company products in its target markets, competition in the market, and impact of evolving technologies in Smart Mirrors on Company’s prospects and products. Additional information that could lead to material changes in Company’s performance is contained in its filings with the Securities and Exchange Commission.

Company is under no obligation to, and expressly disclaims any responsibility to, update or alter forward-looking statements contained in this release, whether as a result of current information, future events or otherwise. Any investment in the Company’s common stock, which is a “penny stock,” is highly risky and not suitable for investors who require liquidity and are unable to withstand the loss of their investment. Investors should only rely on public information in our filings with the SEC, especially disclosures of Risk Factors, as a basis for investment decisions about Company common stock. Company’s SEC filings can be accessed through SEC website: www.sec.gov or the corporate website listed below.

FINANCIAL TABLES FOLLOW. THE FOLLOWING SUMMARY FINANCIAL STATEMENT SHOULD BE READ ALONG WITH THE FORM 10K FINANCIAL STATEMENT FILED BY THE COMPANY WITH THE SECURITIES AND EXCHANGE COMMISSION.

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

Aimee C. Brown
Corporate Secretary
(954) 252-3440, ext. 313

Investment Alleviates Supply Bottleneck for Electric Vehicle Batteries, and Will Establish Mangrove’s First Lithium Refining Facility

VANCOUVER, British Columbia--(BUSINESS WIRE)--Mangrove Lithium announced today it has closed a $10 million USD Series A investment round led by Breakthrough Energy Ventures (BEV) with participation from existing investor BDC Capital’s Cleantech Practice (BDC). The company will use the investment to build its first operational, commercial-scale plant with the intention of expanding lithium refining capacity in the Western Hemisphere.

Benchmark Mineral Intelligence forecasts a global supply gap of 4.3 million tons of lithium carbonate and lithium hydroxide by 2040. The supply of high-purity, battery grade lithium will be critical to the rapid adoption of electric vehicles (EV). A shortage could keep millions of EVs from being built. (See Figure 1)

Mangrove has developed a feedstock-flexible, modular platform to produce battery-grade lithium hydroxide and lithium carbonate. It does so cost-effectively by using brines, hard-rock, clays, and battery recycling streams to address this supply gap.

“A sufficient supply of high-purity lithium is critical if the world is going to reach over 70% EV penetration by 2040. There is a strong risk of this ambition being derailed if the emerging supply deficit is not addressed today,” said Mangrove CEO Saad Dara.

The company’s technology unlocks new assets and turns resources into reserves by enabling greater project bankability. Mangrove’s initial focus is on the lithium brines that represent 60% of global deposits. Mangrove’s innovation eliminates complex steps in the conventional refining processes for lithium brines. In addition to eliminating CapEx traditionally associated with conventional refining methods, Mangrove’s technology has the potential to reduce OpEx by as much as 40% in lithium hydroxide production from brines.

“Transitioning to EVs is a critical step in reducing global greenhouse gas emissions. Mangrove’s technology solves a huge constraint in electrifying the world’s vehicle fleet by enabling the lowest-cost, highest-purity lithium hydroxide – at a scale of hundreds of millions of vehicles – and can be applied throughout the supply chain,” said Carmichael Roberts, Breakthrough Energy Ventures.

BDC’s Vivian Kan added that, “This investment will continue to build on Canadian innovation and secure a stronger position for Canadian firms in the lithium and battery sector.”

Mangrove’s platform can integrate with upstream lithium producers, vertically integrate lithium refining alongside battery manufacturing, or act as a versatile independent refinery. All of these contribute to a more resilient and distributed supply chain (See Figure 2). Mangrove intends to work with different companies throughout the lithium and battery supply chains to produce battery-grade lithium hydroxide and lithium carbonate at commercial scale to meet growing demand.

About Mangrove Lithium
Mangrove Lithium, a Vancouver based company, has developed a breakthrough platform for the most cost-effective production of battery grade lithium hydroxide and carbonate from diverse input streams and assets. Mangrove’s modular solution can be scaled to any capacity and co-located with upstream lithium producers or cathode and cell manufacturers. The platform technology is also being commercialized for the conversion of waste brines to chemicals and desalinated water. Visit www.mangrovelithium.com.

About Breakthrough Energy Ventures
Backed by many of the world’s top business leaders, Breakthrough Energy Ventures (BEV) invests in cutting-edge companies that will lead the world to net-zero emissions. BEV has more than $2 billion in committed capital to support bold entrepreneurs building companies that can significantly reduce emissions from agriculture, buildings, electricity, manufacturing, and transportation. BEV’s strategy links government-funded research and patient, risk-tolerant capital to bring transformative clean energy innovations to market as quickly as possible.

The first fund was created in 2016 as part of the Breakthrough Energy network of initiatives and entities, which include investment funds, non-profit and philanthropic programs, and policy efforts linked by a shared commitment to scale the technologies needed to address climate change and achieve a path to net zero emissions by 2050. Visit www.breakthroughenergy.org to learn more.

About BDC Capital
BDC Capital is the investment arm of BDC, the bank for Canadian entrepreneurs. With over $3 billion under management, BDC Capital serves as a strategic partner to the country’s most innovative firms. It offers businesses a full spectrum of capital, from seed investments to growth equity, supporting Canadian entrepreneurs who have the ambition to stand out on the world stage. Visit bdc.ca/capital.

Jack Shaw
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(510) 910-5427

DUBLIN--(BUSINESS WIRE)--The "Power Transformers - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Transformers play a pivotal role in the generation, transmission and distribution (T&D) of electricity. Growth in the global market is steered by rising demand for electricity and the resulting new power projects coupled with expansion of the T&D network. The urgent need to replace and upgrade aging power infrastructure in the developed countries, growing prominence of renewable energy, expansion and interconnection of grid infrastructures, and exponential increase in power consumption in both developed and developing countries requiring efficient management of electricity transmission and distribution represent important factors driving growth.

Amid the COVID-19 crisis, the global market for Power Transformers estimated at US$23.9 Billion in the year 2020, is projected to reach a revised size of US$32.6 Billion by 2026, growing at a CAGR of 5.1% over the analysis period. Oil Immersed, one of the segments analyzed in the report, is projected to grow at a 5.4% CAGR to reach US$20.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Dry Type segment is readjusted to a revised 4.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $6.9 Billion in 2021, While China is Forecast to Reach $6.6 Billion by 2026

The Power Transformers market in the U.S. is estimated at US$6.9 Billion in the year 2021. The country currently accounts for a 27.1% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$6.6 Billion in the year 2026 trailing a CAGR of 7.8% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.6% respectively over the analysis period.

Select Competitors (Total 93 Featured) -

• ABB Limited
• ASTOR TRANSFORMER A.S
• Bharat Heavy Electricals Limited
• Bowers Electricals Ltd.
• CG Power and Industrial Solutions Limited
• DAIHEN Corporation
• EFACEC Group
• GE Grid Solutions
• Hammond Power Solutions, Inc.
• Howard Industries, Inc.
• Hyosung Heavy Industries
• Hyundai Electric & Energy Systems Co., Ltd.
• Imefy Group
• JSHP Transformer
• Kirloskar Electric Company Limited
• KONCAR Group
• Mitsubishi Electric Corporation
• Olsun Electrics Corporation
• Schneider Electric SA
• SGB-SMIT Group
• Shihlin Electric & Engineering Corporation
• Siemens AG
• SPX Transformer Solutions, Inc.
• TBEA Co., Ltd.
• Toshiba Energy Systems & Solutions Corporation
• Wilson Power Solutions
• Wilson Transformer Company
• Winder Power Ltd.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Impact of Covid-19 and a Looming Global Recession
• Power Transformers: The Power to Manage Power with Greater Reliability, Efficiency, Resilience, and Durability
• Market Fortunes Intrinsically Linked to Power T&D Equipment Industry
• Surge in Energy Consumption and Resulting Expansion in Power Production and T&D Investments
• Transformations in Power Transmission Technology over the Years
• Steady Growth Projected for Power Transformers
• Developing Regions Emerge as Core Markets Amid Rising Power Infrastructure Spending
• Aging Power Transformer Fleet Underscores Need for Replacement and Upgrades in Developed Regions
• COMPETITIVE LANDSCAPE
• Power Transformers: A Consolidated Marketplace

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Rising Utility Investments in Power Infrastructure for Transitioning to the Smart Grid Standard Drive Healthy Market Growth
• Power Infrastructure to Experience Considerable Transformation Driven by Modern Technology and Renewables
• Wind Power Makes Robust Progress within the Renewables Sector
• Solar Power Emerges as Reliable Renewable Energy Source
• Microgrids Ease Network Burden
• Utilities Bet on Big Data
• Renewable Energy: A Statistical Perspective
• Myriad Benefits and Superior Attributes over Traditional Transformers Drive Strong Demand for Smart Transformers
• Smart Transformers for Smarter Power Transmission and Distribution
• Traditional Vs. Smart Transformers: A Comparison
• Growing Prominence of Smart Cities and Smart Homes of the Future Necessitates Highly Capable Power T&D Networks
• Technology Improvements and Product Innovations Spearhead Market Expansion
• SGB-SMIT's Smart Transformers
• ABB AbilityT Power Transformer
• Self-Cooling Transformers from ABB
• Siemens' Ester Fluid-based Phase Shifting Power Transformer
• Hybrid Power Transformers Technology
• Energy Efficient and Eco-Friendly Power Transformers
• Wireless Power Transmission
• Innovative Alternative Fluids
• Design Innovation in Large Power Transformers (LPTs)
• Dryformers by ABB
• Superconductor Based Power Transformers
• HTS Transformers: Energy Efficient, Lightweight, and Small Sized
• Gas-Insulated Power Transformers
• Future for Gas-Insulated Transformers Appears Bright
• IEC Standards for Gas-Insulated Transformers
• Powerformer: A Superior Replacement for Step-Up Transformer
• Innovative On-load Tap Changers (OLTCs) Improves Reliability and Safety
• Stabilizing Regulatory Environment Augurs Well
• Proposed/Approved Standards for Transformers in Select Countries
• Demographic and Socio-Economic Trends Strengthen Market Prospects
• Ballooning Global Population
• Exponential Increase in Urban Dwellers

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/gu7s3o

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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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

Funding validates residential solar software platform; enables Los Angeles-based company to accelerate product development, customer service, and sales across the country.

LOS ANGELES--(BUSINESS WIRE)--Quativa, Inc., a revolutionary residential solar sales platform and marketplace, announced today it has received a $7 million growth equity investment from Blueprint Equity, whose managing partner Sheldon Lewis joined Quativa’s Board of Directors.

“This funding will fuel the ongoing development of our first-of-its-kind sales platform for the solar industry which links solar sales teams, installers, homeowners, and lenders. It will also help us accelerate our roadmap for the future – broader coverage, upgraded usability, and new tools – we couldn’t be more excited about the future,” said Dallen Gietz, Co-Founder and CEO of Quativa.

“Quativa has experienced exceptional growth since launching earlier this year and what really stuck out to us was Quativa’s all-in-one platform,” commented Lewis. “The solar industry is massive but fragmented – there are no easy ways for sellers and installers to connect. We see this as a tremendous opportunity because we believe Quativa’s centralized platform is well-positioned to scale across the country.”

Currently, at 21 full-time employees, Quativa’s software platform is already used by hundreds of sales representatives in nine states, growing at over 25% per month, and is on track to expand nationwide in 2022.

“We are excited to have Blueprint as a partner in our journey to democratize the way solar and other green home improvement services are sold and managed,” said David Makharadze, Co-Founder and Chief Revenue Officer of Quativa. “Blueprint Equity was able to very quickly understand what we were doing within the cleantech industry and did everything they promised they would throughout our process.”

About Quativa

Quativa is a software platform and marketplace for the residential solar ecosystem. Its all-in-one solution streamlines residential solar projects by connecting sales teams to homeowners, lenders, and solar installation companies through a single application, through which the entire transaction takes place. Quativa reduces the need and cost for multiple applications while providing exceptional customer service through a centralized platform to allow each stakeholder to focus on what they do best. To learn more, visit quativa.com.

About Blueprint Equity

Blueprint Equity provides expansion capital to rapidly growing enterprise software and technology-enabled services businesses across North America. To learn more about Blueprint Equity, visit onblueprint.com.

Media Contact:
Bill Douglass
Gotham Communications
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(646)504-0890

New corporate form, approved by a vote of the company’s board and shareholders, formalizes Generate’s longstanding commitment to building a sustainable world

SAN FRANCISCO--(BUSINESS WIRE)--Generate, a leading sustainable infrastructure investment and operating platform, today announced its official conversion to a Public Benefit Corporation (PBC). Since its founding in 2014, Generate’s vision has been to rebuild the world with sustainable infrastructure, aligning the incentives of our stakeholders for the long term. Converting to a PBC reinforces the company’s commitment to its mission.

Following approval from the company’s shareholders, Generate filed an amendment to its corporate charter and certificate of incorporation, reincorporating the company as Generate Capital, PBC. The company will continue on its existing growth trajectory, enabled by its values, its people, and its business model, which is designed to align the many stakeholders of sustainability.

“Becoming a Public Benefit Corporation makes the company’s charter consistent with the core values we have espoused since our founding in 2014,” said Scott Jacobs, CEO and co-founder of Generate. “This conversion represents a commitment to our purpose and will keep our business focused on solving the big problems that matter in the urgent fight against climate change, water scarcity, food insecurity and energy poverty. We will keep our focus on the long-term outcomes of sustainability – as we say at Generate: our time horizon is forever.”

The PBC structure and mission embodies Generate’s proven belief that there need not be a tradeoff between financial results and sustainability. As a Delaware Public Benefit Corporation, Generate’s board of directors will have a mandate to balance the economic interests of shareholders with the material interests of other stakeholders affected by the company’s operations and its stated public benefit. Generate will report biennially on its progress in achieving its public benefit.

“To build the resilient, climate-aligned infrastructure that meets our net zero emissions goals, we need everyone focused on bringing all stakeholders into the process,” said Ross Israel, Head of Global Infrastructure at Australia’s QIC and a Generate board member. “We’ve been proud to be investors in Generate because of its pioneering role in building, financing and operating projects profitably and sustainably and we believe this PBC conversion will support the company’s growth and mission.”

Generate builds, owns, operates and finances sustainable infrastructure that delivers affordable and reliable resource solutions for companies, governments and communities. Over the last seven years, Generate has invested billions of dollars to build a leading portfolio of sustainable infrastructure assets across the energy, waste, water, agriculture and transportation markets. Generate recognizes deploying proven solutions that can have an immediate impact on reducing greenhouse gas emissions and improving resource efficiency. The conversion follows Generate’s $2 billion capital raise announced in July to expand the company’s mission to new regions and sectors including smart cities and sustainable agriculture.

Generate works with more than 40 technology and project development partners to build infrastructure that serves the mission-critical needs of over 2,000 customers, including companies, universities, school districts, cities and non-profits across North America. Generate’s projects have helped create thousands of jobs across communities and the infrastructure assets already on its balance sheet are expected to prevent over 43 million metric tons of CO2e from entering the atmosphere over the course of their operating lives.

About Generate

Generate Capital, PBC is a leading sustainable infrastructure company driving the infrastructure revolution. Generate builds, owns, operates and finances solutions for clean energy, water, waste and transportation. Founded in 2014, Generate partners with over 40 technology and project developers and owns and operates more than 2,000 assets globally. Generate is the one-stop shop offering pioneers of the infrastructure revolution tailored funding and support needed to get projects built. Our Infrastructure-as-a-Service model delivers affordable, reliable and sustainable resources to over 2,000 customers, companies, communities, school districts and universities. Together, we are rebuilding the world. For more information, please visit www.generatecapital.com.

Media Contact
Emily Chasan
(415) 480-2914
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SAN JOSE, Calif.--(BUSINESS WIRE)--QuantumScape Corporation (NYSE: QS) will host a live audio webcast today at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the previously announced achievement of its final goal for 2021, having released 10-layer battery cell testing data showing 800 cycles at better than one-hour charge rates at 25 °C.

Conference Call Details:

For those unable to listen live, an audio webcast of the call and investor presentation will be archived on the QuantumScape IR Events page.

About QuantumScape Corporation

QuantumScape is a leader in developing next-generation solid-state lithium-metal batteries for electric vehicles. The company is on a mission to revolutionize energy storage to enable a sustainable future. For more information, please visit www.quantumscape.com.

Forward-Looking Statements

The information in this press release includes a “forward-looking statement” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, including, without limitation, regarding the development, timeline and performance of QuantumScape’s products and technology are forward-looking statements.

These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside QuantumScape’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to the following: (i) QuantumScape faces significant barriers in its attempts to scale and complete development of its solid-state battery cell and related manufacturing processes, and in achieving the quality, consistency and throughput required for commercial production and scale, (ii) QuantumScape may encounter substantial delays in the development, manufacture, regulatory approval, and launch of QuantumScape solid-state battery cells and building out of QS-0, which could prevent QuantumScape from commercializing products on a timely basis, if at all, and (iii) QuantumScape may be unable to adequately control the costs of manufacturing its solid-state separator and battery cells. QuantumScape cautions that the foregoing list of factors is not exclusive. Additional information about factors that could materially affect QuantumScape is set forth under the “Risk Factors” section in the QuantumScape’s Annual Report on Form 10-Q filed with the Securities and Exchange Commission on October 28, 2021, and available on the SEC’s website at www.sec.gov.

Except as otherwise required by applicable law, QuantumScape disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Should underlying assumptions prove incorrect, actual results and projections could different materially from those expressed in any forward-looking statements.

For Media
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EDISON, N.J.--(BUSINESS WIRE)--#blowers--Fuji Electric Corp. of America has expanded their product portfolio with the addition of the Direct Drive 20hp blower to FDC Series. The units are equipped with dual voltage TEFC motor and the housing position is field adjustable to fit installation requirements.

The FDC series offers a complete lineup of energy efficient, UL-certified and RoHS compliant Turbo Blower models that are ideal for a wide variety of industrial applications including Cooling, Blow-off, drying, Wastewater treatment, and more.

“The FDC Series offers customers the same level of high reliability, performance, and quality that they expect from Fuji Electric,” said Bill Maier, National Sales Manager for FEA’s Ring Compressor & Blower Department. “We have responded to the market requirement for Direct Driven High Flow Devices."

The VFZ Series, now available for shipment to customers from Fuji Electric’s warehouse location New Jersey, is comprised of Direct Driven Turbo Blowers with a maximum pressure of 30 in. H2O, and a maximum capacity of 5850 SCFM. Featuring direct motors from 1 HP to 20 HP and available voltages of 115 single phase, 230 single phase, 230/460 3-phase (dependent upon motor size), these new models utilize Premium Efficiency motors. This lineup joins Fuji Electric’s portfolio of Regenerative Blowers, High Pressure Blowers, Turbo Style Blowers, and Vacuum systems.

About Fuji Electric Corp. of America

Fuji Electric Corp. of America is a wholly owned subsidiary of Fuji Electric Co., Ltd., headquartered in Tokyo, Japan and has been responsible for sales and distribution of the company’s products since 1970. Fuji Electric Co., Ltd. began developing power electronics equipment in 1923, and is a global leader in industrial products ranging from semiconductors, HMIs, contactors, relays, and power generation equipment to AC drives and uninterruptible power supply systems. For more information, please visit https://americas.fujielectric.com/ or follow us on LinkedIn and Twitter.

Business Contact:
Bill Maier
National Sales Manager, Ring Compressor & Blower Dept.
Fuji Electric Corp. of America
973-727-1372
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Winter is Almost Here: Act Now to Prepare and Save Energy this Season

SAN FRANCISCO--(BUSINESS WIRE)--Winter chills mean the heating system and water heaters in your home may need to work harder, which ultimately impacts pocketbooks. And, this year, the commodity price of natural gas is rising across the nation and around the world, which will affect all of us. Pacific Gas and Electric Company (PG&E) passes through the commodity cost of natural gas to our customers with no markup.

“We use various strategies throughout the year to secure favorable pricing for the natural gas we purchase for our customers, in addition to offering a variety of programs to help customers manage energy costs. As we continue to attempt to alleviate the price swings, we encourage our customers to take extra steps now that will help them get ready and save all winter long,” said Marlene Santos, PG&E’s Chief Customer Officer.

PG&E takes several steps to reduce the impact of volatile gas prices on our customers. These include:

• Buying natural gas at times throughout the year when it’s less expensive,
• Using our gas storage facilities like McDonald Island, as well as other independently owned gas storage fields in northern California to store less expensive gas purchases for cold winter months, when prices and customer demand are higher,
• Contracting for pipeline access to multiple gas production geographic areas to secure lower priced gas, and
• Engaging in financial hedging to limit the impact of price volatility on customer bills.

PG&E wants customers to be aware of ways to save energy and money as we head into the winter months. PG&E offers the following tips to safely reduce the cost of keeping warm.

• Lower thermostat: Setting the thermostat to 68 degrees (health permitting) during the cooler months can save up to 15% on energy bills. Save about 2% on your heating bill for each degree the thermostat is lowered (if the turndown lasts a good part of the day or night).
  
  
• Control water temperature: Set your water heater thermostat at 120°F or lower. This way you'll reduce the amount of energy it takes to produce and maintain your hot water by not overheating it.
  
  
• Stop drafts in their tracks: Save up to 10% on annual energy costs by reducing drafts and saving energy by sealing holes around pipes, wiring, vents or recessed lights with foam or caulk.
  
  
• Keep warm air moving: Reverse your fan in winter to produce a gentle updraft, forcing warm air near the ceiling down into the living space.
  
  
• Don’t close vents in unused rooms: Closed registers force the same amount of air through other ducts. This builds pressure in the system and makes the HVAC work harder to distribute air where needed.
  
  
• Invest in energy-saving products: Install a programmable thermostat to save about $180 annually in energy costs.
  
  
• Enroll in a monthly discount program: Qualifying customers can apply for a monthly discount through the California Alternate Rates for Energy Program (CARE)
  
  
• Get help making energy-saving improvements: Qualifying customers can receive free energy efficiency upgrades through the Energy Savings Assistance Program.

For more tips on saving energy this winter, visit www.pge.com/winter.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.

MEDIA RELATIONS:
415-973-5930

JACKSONVILLE, Fla.--(BUSINESS WIRE)--$RDW--Redwire Corporation (NYSE: RDW), a leader in space infrastructure for the next generation space economy, is providing critical navigation components and roll-out solar array (ROSA) technology for NASA’s Double Asteroid Redirection Test (DART) mission, the world’s first planetary defense test mission. The mission is set to launch no earlier than November 23 at 10:20 p.m. PST from Vandenberg Space Force Base in California.

Redwire delivered two Roll-Out Solar Arrays (ROSA) for the DART program through a contract with Johns Hopkins Applied Physics Laboratory (APL). The two solar arrays, which each unfurl to 28 feet when fully deployed, will power the entire spacecraft. The arrays will feature Redwire’s Flexible Array Concentrator Technology (FACT) Solar Power Modules, which use high efficiency SolAero Inverted Metamorphic Module 4J Photovoltaic solar cells, as a Transformational Solar Array demonstration. Redwire also delivered a Digital Sun Sensor system consisting of five Digital Sun Sensor heads and one Digital Sun Sensor electronics processing unit, which will be used for attitude control and fail-safe recovery throughout the mission.

“Redwire is proud to partner with APL and NASA on this historic mission and it’s incredibly exciting to see our technology used to advance Earth’s planetary defense capabilities,” said Andrew Rush, President and COO of Redwire. “As a critical mission partner, we are leveraging our innovative, flight-proven technology to enable truly game-changing missions, like DART, that are expanding our understanding of the solar system and ushering in an exciting new era of exploration.”

DART will be the first demonstration of the kinetic impactor technique to change the motion of an asteroid in space. The DART spacecraft will travel millions of miles to a binary asteroid, Didymos, where it will crash into its moonlet to adjust its speed and trajectory. As humankind’s first planetary defense mission, DART will demonstrate critical technology that could one day be used to protect Earth from a dangerous asteroid or comet.

First demonstrated on the International Space Station (ISS) in 2017, Redwire‘s ROSA technology is compact, modular and scalable, making it ideal for use on various spaceflight platforms. In June 2021, two ROSA arrays were successfully installed and deployed on the ISS to provide a critical power boost, and four more arrays under contract with Boeing will be installed over the next two years. Redwire is also producing various modular versions of ROSA for many government and commercial spaceflight applications, including Maxar’s Power and Propulsion Element for NASA’s Gateway program and the Ovzon 3 GEO spacecraft for Maxar’s Legion-class satellites.

Redwire’s Digital Sun Sensor has a rich flight heritage and is valued for its accuracy, durability, and compact and lightweight design. Other missions and spacecraft the Digital Sun Sensors have supported include: Mars Pathfinder, Mars Exploration Rovers A and B, Mars Science Lander Curiosity, Mars 2020 Perseverance, IRIS, and Cassini-Huygens.

Building on decades of flight heritage combined with new space technology, Redwire’s advanced sensors and components are enabling unparalleled navigation and power generation capabilities, providing more flexibility and capability on-orbit with more processing power and smaller form factors.

To learn more about Redwire's involvement in this historic mission, visit www.redwirespace.com.

About Redwire

Redwire Corporation (NYSE: RDW) is a leader in mission critical space solutions and high reliability components for the next generation space economy, with valuable IP for solar power generation and in-space 3D printing and manufacturing. With decades of flight heritage combined with the agile and innovative culture of a commercial space platform, Redwire is uniquely positioned to assist its customers in solving the complex challenges of future space missions. For more information, please visit www.redwirespace.com.

Media Contact:
Tere Riley
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321-831-0134

Investors:
Michael Shannon
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904-425-1431

Leader in industrial scale woody biomass to renewable gasoline and hydrogen selects sites for the construction of its renewable gasoline and hydrogen plants

HOUSTON--(BUSINESS WIRE)--Arbor Renewable Gas, LLC (“Arbor Gas”) announced today that it has selected a 53-acre site in Beaumont, Texas as the home of its first renewable gasoline plant. The “Spindletop Plant” is located on the Beaumont, Nederland border. The site was selected for its access to critical infrastructure and feedstock as well a talented and experienced workforce, along with longstanding community support for modern fuel plants.

The plant will produce approximately 1,000 barrels per day of high quality, environmentally responsible “drop-in” renewable gasoline for sale into the renewable fuels marketplace. The gasoline will be produced from woody biomass generated from the East Texas woodshed in compliance with the EPA rules under the Renewable Fuel Standard (“RFS”). Once produced, the gasoline will be shipped to consumers that require the fuel under the Low Carbon Fuel Standard (“LCFS”).

“The Arbor Gas team is extremely excited to build its first plant in the City of Beaumont,” said Timothy Vail, CEO of Arbor Gas. “Both the City of Beaumont and Jefferson County have been very welcoming and supportive of our development efforts.” Mr. Vail continued to say, “Just as the Spindletop area opened the door to the petroleum revolution in 1901, Arbor Gas and the City of Beaumont are reinventing the way transportation fuels are produced, and decarbonizing transportation fuel for all consumers of gasoline.”

Construction of the Spindletop Plant will commence in the first quarter of 2022 with an expected completion date in late 2023. Commercial production from the facility is expected to begin in early 2024.

Additionally, Arbor Gas has tentatively selected a site in Pasadena, Texas for continued later expansion. The “Red Bluff Road” site is ideally located in the Bayport industrial district near large consumers of hydrogen. This site offers a unique location to produce renewable hydrogen on an industrial scale with the ability to efficiently transport the product via pipeline directly to end-users.

About Arbor Renewable Gas, LLC

Arbor Gas’ mission is to build and own a portfolio of cost-effective, safe, and reliably sourced woody biomass to renewable gasoline and green hydrogen plants around the world. With an initial focus on the Texas and Louisiana Gulf Coast, Arbor Gas brings a unique blend of intellectual capital, technology, financing, and project execution skills to successfully advance its vision of a clean, low carbon transportation fuel utilizing existing infrastructure and vehicles.

For more information, visit www.arborgas.com.

Heather Haley
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Phone: 346-708-7819

DNV, Amazon, FlexGen, Heila Technologies, CELI, and SEIA as Gold Honorees Among the Diverse Class of Winners

ARLINGTON, Va.--(BUSINESS WIRE)--The Cleanie Awards®, the leading awards program focused on recognizing innovators and those making an impact on the clean energy industry, announced its 2021 winners today at its virtual The Cleanie Awards® 2021 Award Ceremony. The awards program recognizes people and brands delivering on the promise of a clean energy future. Among the diverse group of winners included organizations such as DNV, Amazon, FlexGen, Heila Technologies, Clean Energy Leadership Institute, and Solar Energy Industries Association.

BNEF reported an estimate of nearly $174 billion was invested in renewable energy projects and companies in the first half of 2021. The clean energy industry continues to grow, and this year’s total investments reached a record high. This year’s program added two people’s choice categories and introduced new categories, the Best Corporate Sustainability Strategy and Best Journalist, to address the growing needs of this sector. This was the most competitive in the awards history with a triple-digit increase in the number of submissions from 2020.

“We launched the awards in 2017 as a recognition program, welcoming 10 names into our winner’s circle for the inaugural year. Now, four years later, we have grown 600 percent with our winner’s circle nearing 100 people and brands driving the clean energy economy,” said Randee Gilmore, Executive Director, The Cleanie Awards. “We have established ourselves as the #1 comprehensive clean energy awards program, and we feel like we’re just getting started. To say I’m excited about this year’s class of winners is an understatement.”

The full list of 2021 The Cleanie Award winners is as follows:

Enterprise Company of the Year

• Gold: DNV
• Silver: Blattner Company
• Bronze: Generac Power Systems
• Hon. Mention: McCarthy Building Companies, Inc.

Midsize Company of the Year

• Gold: FlexGen
• Silver: Pine Gate Renewables
• Bronze: Edison Energy
• Hon. Mention: World Energy

Startup Company of the Year

• Gold: Heila Technologies

Non-Profit Company of the Year

• Gold: Clean Energy Leadership Institute (CELI)

Best Corporate Sustainability Program

• Gold: Amazon
• Silver: Black & Veatch
• Bronze: Resolute Forest Products
• Hon. Mention: Pine Gate Renewables

Journalist of the Year

• Gold: Brian Eckhouse, Bloomberg
• Silver: Jeff St. John, Canary Media

Community Contributor of the Year

• Gold: Stuart McCafferty, Eamonn McCormick, and David Fofia, Contributors at Energy Central

Podcaster of the Year

• Gold: Stephen Lacey, Post Script Media

DE&I Champion (Corporate)

• Gold: Solar Energy Industries Association (SEIA)
• Silver: Renewables Forward
• Bronze: Atlas Renewable Energy
• Hon. Mention: Leyline Renewable Capital

DE&I Champion (Individual)

• Gold: Catherine McLean, Dylan Green

College Excellence, Sponsored by REpowering Schools

• Gold: Avery Taylor, Student at Penn State University
• Silver: Callie Chaplain and Meghan Jennings, James Madison University

Corporate Investment Leader of the Year:

• Gold: FullCycle

Individual Investment Leader of the Year:

• Gold: Meghan Schultz, Invenergy

Keep the Power On:

• Gold: Connexus Energy

Pioneer in New Technology

• Gold: FlexGen
• Silver: Plug Power
• Bronze: Schneider Electric
• Hon. Mention: SOLV Energy

Rising Star – Under 40

• Gold: Kevin Magayah, CS Energy

Rising Star – Under 30

• Gold: Miles Braxton, Goldman Sachs Renewable Power Group/Black Oak Collective

Trailblazer

• Gold: Annika Colston, AC Power

Women of the Year

• Gold: Abigail Ross Hopper, Solar Energy Industries Association (SEIA)

Project of the Year – PEOPLE’S CHOICE

• Gold: Ameresco

Project of the Year – JUDGES’ CHOICE

• Gold: Fluence

BEST MEDIA OUTLET – PEOPLE’S CHOICE

• Gold: Canary Media

Visit www.thecleanieawards.com to learn more about the program and sign up for notifications about next year’s application process.

About The Cleanie Awards®

The Cleanie Awards® is the first comprehensive awards program exclusive to the cleantech industry. It generates much needed visibility for innovators and disruptors in the industry who are creating life- and planet-changing solutions. The campaigns recognized by the award program aim to influence public opinion about technologies delivering on the promise of a clean energy future.

Randee Gilmore
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