NEWPORT BEACH, Calif.--(BUSINESS WIRE)--$CLNE--Clean Energy Fuels Corp. (NASDAQ: CLNE) announced it will supply World Fuel Services, Inc. with an estimated 78 million gallons of liquefied natural gas (LNG) for two Pasha Hawaii container ships.
When operating from the Port of Long Beach, these ‘Ohana Class’ vessels will become one of the first natural gas-powered containerships to call on the U.S. West Coast and the first to service Hawaii. Both ships will surpass the International Maritime Organization (IMO) 2030 standards for ocean vessels with zero sulfur emissions, a 90 percent reduction in nitrogen oxide and 25 percent reduction in carbon dioxide as compared to liquid fuel oil.
M/V George III and M/V Janet Marie are the two LNG-powered container ships that will join Pasha Hawaii’s fleet serving Hawaii. The George III is expected to begin operation in Q4 2021 and the Janet Marie shortly thereafter. Ship construction is supported by Clean Energy’s Cryogenics division, which will perform tank conditioning and first LNG bunkering at Keppel AmFELS’ Brownsville, Texas shipyard.
“Named after my late parents, the M/V George III and the Janet Marie were specifically designed to utilize the latest in technologies to construct clean fuel ships that we hope will set a precedent for environmental sustainability within our shipping industry,” said George Pasha, IV, president and CEO of Pasha Hawaii. “These ships represent our commitment to our customers and the environmental health of both Hawaii and Southern California. Partnering with Clean Energy and World Fuel Services brings us one step closer to achieving this goal.”
The LNG that will power the Pasha Hawaii container ships will come from the Clean Energy plant in Boron, CA. Clean Energy is expanding the Boron LNG plant by adding a production train that increases production by 50 percent. For LNG delivery, World Fuel Services has contracted with West Coast Clean Fuels, LLC to transport and load the LNG into the ship fuel tanks. West Coast Clean Fuels provides end-to-end supply chain solutions for low-carbon fuels, such as LNG and hydrogen, to marine transportation operators on the U.S. West Coast.
“Pasha Hawaii has quickly become a leader in sustainability shipping with these new ships powered by LNG. The environmental benefits will result in the immediate reduction of air pollutants around the ports in Hawaii and Southern California,” said Andrew J. Littlefair, president and CEO, Clean Energy.
“World Fuel Services congratulates Pasha Hawaii and Clean Energy in their commitment to developing new LNG ships and supply. Together, we have made a significant step in providing cleaner marine fuels that positively impacts the marine industry and environment,” said Michael Kasbar, chairman and CEO, World Fuel Services Corporation. “As demand for cleaner fuel increases, World Fuel will continue to provide our customers with sourcing and logistics solutions to meet these requirements.”
About Clean Energy
Clean Energy Fuels Corp. is the country’s largest provider of the cleanest fuel for the transportation market. Our mission is to decarbonize transportation through the development and delivery of renewable natural gas (RNG), a sustainable fuel derived from organic waste. Clean Energy allows thousands of vehicles, from airport shuttles to city buses to waste and heavy-duty trucks, to reduce their amount of climate-harming greenhouse gas. We operate a vast network of fueling stations across the U.S. and Canada. Visit www.cleanenergyfuels.com and follow @CE_NatGas on Twitter.
About Pasha Hawaii
Pasha Hawaii, an independent operating subsidiary of The Pasha Group, is one of the nation’s leading domestic ocean shipping companies serving Hawaii from the continental United States. The company operates a fleet of six fully Jones Act-qualified vessels and operates out of multiple port terminals. Pasha Hawaii is a trusted partner for many of the nation’s leading retailers, manufacturers and U.S. government agencies, providing reliable containerized and roll-on/roll-off cargo services that leverage its unique combination of ocean transportation and inland distribution capabilities to deliver goods that are vital to the people of the State of Hawaii and the prosperity of the Hawaii market it serves.
About World Fuel Services
Headquartered in Miami, Florida, World Fuel Services is a global energy management company involved in providing supply fulfillment, energy procurement advisory services, and transaction and payment management solutions to commercial and industrial customers worldwide. World Fuel Services sells and delivers liquid fuels, natural gas, electricity, renewable energy, and other sustainability solutions to its clients at more than 8,000 locations in more than 200 countries and territories through its Marine, Aviation, and World Kinect Energy Services divisions.
For more information visit www.wfscorp.com or www.world-kinect.com.
About West Coast Clean Fuels, LLC
West Coast Clean Fuels, LLC provides clean fuel delivery solutions for the marine transportation operators serving U.S. West Coast ports, including transpacific containerships and coastwise ferry and tugs. Working with clients and stakeholders, West Coast Clean Fuels designs and implements scalable fueling supply chains to link low-carbon fuel sources, such as LNG and hydrogen, with operators in a safe, reliable and efficient method.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks, uncertainties, and assumptions, including without limitation statements about the commencement of operations of the George III and the Janet Marie, the amount of LNG to be consumed, the environmental benefits of containerships operating on natural gas, and expansion of the Boron LNG plant. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements. The forward-looking statements made herein speak only as of the date of this press release and, unless otherwise required by law, Clean Energy undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. Additionally, the reports and other documents Clean Energy files with the SEC (available at www.sec.gov) contain risk factors, which may cause actual results to differ materially from the forward-looking statements contained in this news release.
Clean Energy Contact:
Raleigh Gerber
949-437-1397
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Investor Contact:
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BSEA is the First ETF to Provide Investors Exposure to the Innovative Companies Actively Developing "Green" Technologies Powering the Global Shipping Industry
SUMMIT, N.J.--(BUSINESS WIRE)--ETF Managers Group LLC (ETFMG®), leading exchange-traded fund issuer, announced that the ETFMG Breakwave Sea Decarbonization Tech ETF (NYSE Arca: BSEA) will begin trading today on the New York Stock Exchange. BSEA is designed to provide investors access to a diversified set of global companies involved in actively reducing the environmental impact of the global maritime sector, including those that develop technologies, manufacture equipment or provide services related to marine or ocean decarbonization.
“BSEA is a key step towards capitalizing on the ocean decarbonization transition by providing investors with an easy way to track the performance of publicly-traded sector leaders backed by comprehensive research and analytics,” said John Kartsonas, Founder and Managing Partner of Breakwave Advisors.
The shipping industry accounts for roughly 3% of global carbon emissions, around 1 billion metric tons of greenhouse gases emitted yearly.1 Without further action, shipping emissions are expected to surge. BSEA provides exposure to dynamic and pioneering companies involved in developing and commercializing technologies that could benefit from the growth of new sector initiatives aiming to combat the environmental impact of the global maritime sector. This includes companies involved in cleaner propulsion (including alternative fuels, batteries and fuel cells), carbon capture technologies and offshore wind development.
“We are excited to bring yet another first to the market with BSEA, a product that answers investor demand for access to these disruptive technology companies at the forefront of ocean decarbonization,” said Sam Masucci, Founder and CEO of ETFMG.
“Shipping will always remain a major part of the global economy, while the decarbonization transition will provide considerable investment opportunities that are still in their infancy,” said Hal Malone, Principal of Sea/Switch Partners.
BSEA tracks the Marine Money Decarbonization Index (MMDI or “the Index”). The Index was developed and is maintained by Maritime Transformation Partners, a collaboration between Marine Money, Breakwave Advisors and Sea/Switch Partners.
“For more than 30 years, Marine Money’s mission has been to facilitate and strengthen the relationship between investors and the maritime industry. As the industry embarks on a multi-decade process of mandated decarbonization, the Marine Money Decarbonization Index will help investors participate in this significant opportunity. The launching of the Index marks the beginning of an important journey. We anticipate that the Index will evolve as more companies go public and existing companies grow and satisfy the Index inclusion requirements,” said Matt McCleery, President of Marine Money.
For more information, visit: etfmg.com/BSEA.
About ETFMG®
ETFMG is a provider of exchange-traded funds (ETFs), founded in 2014 with a vision of developing innovative thematic ETFs that provide investors unique exposure to new markets. Today, the ETFMG fund line up provides access to a diverse collection of global themes and is comprised of 75% first-to-market products. We turn portfolio management strategies into successful ETFs by partnering with market segment experts to bring long-term growth opportunities to investors. ETFMG funds are proof as to the power of the ETF wrapper and that thematic products can have a place in investors’ portfolios. To learn more about ETFMG and our portfolio of exchange traded funds please visit www.etfmg.com.
Carefully consider the Fund’s investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in the Fund’s prospectus, which may be obtained by calling 1-844-ETF-MGRS (1-844-383-6477), or by visiting www.etfmg.com/BSEA. Please read the prospectus carefully before investing.
Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Narrowly focused investments typically exhibit higher volatility. The Fund is non-diversified, meaning it may concentrate its assets in fewer individual holdings than a diversified fund. Investments in smaller companies tend to have limited liquidity and greater price volatility than large capitalization companies. The Fund’s return may not match or achieve a high degree of correlation with the return of the Marine Money Decarbonization Index. To the extent the Fund utilizes a sampling approach, it may experience tracking error to a greater extent than if the Fund had sought to replicate the Index. Diversification does not guarantee a profit, nor does it protect against a loss in a declining market.
The underlying Index’s decarbonization criteria, and thus the Fund’s investment strategy, limits the types and number of investment opportunities available to the Fund, and, as a result, the Fund’s returns may be lower than other funds that do not seek to invest in companies based on decarbonization criteria. In addition, decarbonization investing may affect the Fund’s exposure to certain companies or industries and the Fund will forgo certain investment opportunities that are screened out of the decarbonization methodology. Finally, some of the companies are developing new technologies that have not yet achieved full commercialization.
The Fund is a recently organized investment company with limited operating history. As a result, prospective investors have a limited track record or history on which to base their investment decision. There can be no assurance that the Fund will grow to or maintain an economically viable size.
The Index was created by and is owned and maintained by the with Maritime Transformation Partners, LLC (the “Index Provider”), which has not previously been an index provider, which may create additional risks for investing in the Fund.
ETF Managers Group LLC is the investment adviser to the Fund.
The Fund is distributed by ETFMG Financial LLC. ETF Managers Group LLC and ETFMG Financial LLC are wholly owned subsidiaries of Exchange Traded Managers Group LLC (collectively, “ETFMG”). ETFMG is not affiliated with Maritime Transformation Partners, LLC or Breakwave Advisors LLC.
The Fund is intended to be made available only to U.S. residents. Under no circumstances is any information provided on this website intended for distribution to or use by, or to be an offer to sell to or solicitation of an offer to buy the Fund or any investment product or service of, any person or entity in any jurisdiction or country, other than the United States, where such distribution, use, offer or solicitation would subject the Fund or its affiliates to any registration requirement or be unlawful under the securities laws of that jurisdiction or country.
Sources:
Deborah Kostroun
Zito Partners
(201) 403-8185
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Successful launch streamlines gates, reduces turn times at G&W UK terminals.
SOMERSET, N.J.--(BUSINESS WIRE)--#intermodal--Advent eModal, provider of the eModal® suite of applications that simplify and accelerate the flow of cargo across the intermodal supply chain, today announced the successful deployment of its Intermodal Manager™ rail solution at G&W’s Birmingham and Cardiff terminals in the UK. These terminals mark the first implementations of eModal at intermodal rail facilities and Advent eModal’s first installations in Europe.
At its core, the application provides a robust vehicle booking system (VBS), or appointment system, which enables the haulier community to book container drop-off and pick-up activities in advance of the truck’s arrival at the terminal. The system is tightly integrated with the IPRO® terminal operating system (TOS) provided by Tideworks Technology. Additionally, as part of its terminal technology modernization program, G&W has deployed the Camco gate management system at both Birmingham and Cardiff. The combination of these technologies has empowered G&W to automate upwards of 90 percent of gate transactions at these UK terminals, resulting in streamlined gates and significantly reduced truck turn times.
“We are excited to be working with such a great group of people at G&W’s UK operations and to have gone live with the Intermodal Manager VBS at Birmingham and Cardiff,” said Dennis Monts, COO of Advent eModal. “The G&W UK team has done a tremendous job of preparing the trucking community and terminal personnel for this change, as well as communicating with the project teams throughout the process. Thanks to their efforts, the go lives have been as smooth as we have seen. We could not be prouder of our team and to be associated with this project. We look forward to the rollout of VBS at the subsequent G&W UK sites.”
A Software as a Service (SaaS) solution, the VBS enables G&W UK operations to register trucking companies, their dispatchers and drivers; establish terminal appointment capacity; publish the availability of appointments to the community; and report on terminal activity. Registered trucking companies can now make appointments with the terminal for a single container pick up, a single drop off, or a combination of the two from a straight-forward, intuitive interface. The system provides the flexibility to book appointments by a variety of reference numbers, including customer reference, release reference and rail reference. In conjunction with the other technologies deployed, the VBS enables the terminal to drastically accelerate gate activities and balance the terminal’s workload, as well as reduces gate queues and turn times for the haulier community.
“We are extremely pleased with the outcomes at Cardiff and Birmingham,” stated Chris Lawrenson, Managing Director of G&W’s UK Terminals segment. “We are investing in technology to improve the customer and haulier experience and to help speed up the supply chain. The Advent eModal team has worked diligently to provide a VBS solution that meets our needs at two very different rail terminals within our network. Because of this, we are confident that the VBS could perform well at our other terminals and depots as we move forward with additional site deployments. Our technology modernization program is a large-scale initiative, and Advent eModal’s VBS is a critical component of the program and of its success.”
About Advent eModal
The eModal® platform serves as the world’s largest port community system serving intermodal operators in North, Central & South America, Australia and the United Kingdom. Active in every U.S. port complex, Advent eModal technology is at the core of operations in 8 of the top 10 largest port communities in North America. Core Advent eModal developed applications provide executional tools and APIs offering cargo visibility, terminal pre-advice & appointment setting, payment processing and data enabled business intelligence. Over 85 global port authorities and container terminals, over 200 inland depots and 160,000 users trust Advent eModal and its SaaS platforms like eModal.com, Chassis.com and eModal Data Services (EDS) to optimize daily operations and process over 200 million monthly cargo transactions. For more information, visit https://www.adventemodal.com.
About G&W
G&W owns or leases 116 freight railroads organised in locally managed operating regions with 7,300 employees serving 3,000 customers.
G&W’s UK/Europe Region companies include Freightliner, the UK’s largest rail maritime intermodal operator and second-largest freight rail provider, and Pentalver, a leading UK container logistics services provider as well as regional rail services in continental Europe.
Freightliner is an established rail freight provider offering customers a wide range of safe, reliable and cost-effective solutions to cater for the requirements of a diverse market sector. With an extensive offering of bulk freight transportation services as well as the 770,000 maritime containers we move per year by both road and rail, Freightliner provides the complete logistics package, ensuring satisfaction from port to door.
Pentalver’s strategically located off-dock facilities at Felixstowe, Southampton and London Gateway, along with their inland hub at Cannock, offer diverse container services such as road haulage, container storage, container repairs, refrigeration services and cargo handling. Pentalver is also one of the UK’s leading container sales and bespoke container conversions providers.
Harvey Bauer
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206.617.2331
Francesco Starace speaks with IHS Markit Vice Chairman Daniel Yergin for a new edition of CERAWeek Conversations – available at https://ondemand.ceraweek.com/cwc
WASHINGTON--(BUSINESS WIRE)--The CEO of Enel—one of the world’s largest electric power companies—discusses what it means to be a renewable energy and renewable power “supermajor” in the latest edition of CERAWeek Conversations.
In a conversation with Daniel Yergin, vice chairman, IHS Markit (NYSE: INFO), Enel CEO Francesco Starace talks about decarbonizing electricity grids through large-scale renewable investments; the “less-obvious” role that improved materials play alongside digital advances; and financial innovations in the sustainable development bond market.
Starace also shares his thoughts on the momentum for energy transition and the European Union’s “Fit for 55” emissions reduction target, which he believes is achievable. “It’s not a big deal. It would be best for Europe,” he says.
He also discusses his outlook for hydrogen; “hand-in-hand” collaborations with electric vehicle manufacturers; and his thoughts on traditional oil and gas companies entering the renewable power generation space.
“[Oil and gas companies] are much better to have as competitors rather than the wild bunch that we have today,” he says. Today we have all developers. Anyone who wants to build a project and sell it can do that. They don’t really care about returns or dividends over 20-30 years.
“They just want to build and sell,” he continues. “A utility has a different view. And an oil and gas company has more discipline and value to shareholders that they need to [maintain]. It would be much better for the sector if the expanding space would be filled by rational, experienced players rather than another bunch of cowboys that we’ve had so far.”
“A growing shortage of people,” he observes, is “the bottleneck of the industry today.”
The complete video is available at: https://ondemand.ceraweek.com/cwc
Podcast version available: CERAWeek Conversations is also available via audio podcast on Apple Podcasts, Google Podcasts, Soundcloud, Spotify and Stitcher.
Selected excerpts:
Interview Recorded Wednesday, September 8, 2021
(Edited slightly for brevity only)
Watch the complete video at: https://ondemand.ceraweek.com/cwc
Recent CERAWeek Conversations segments also include:
About CERAWeek Conversations:
CERAWeek Conversations features original interviews and discussion with energy industry leaders, government officials and policymakers, leaders from the technology, financial and industrial communities—and energy technology innovators.
The series is produced by the team responsible for the world’s preeminent energy conference, CERAWeek by IHS Markit.
The complete episode library is available at https://ondemand.ceraweek.com/cwc.
CERAWeek Conversations is also available via audio podcast on Apple Podcasts, Google Podcasts, Soundcloud, Spotify and Stitcher.
About IHS Markit (www.ihsmarkit.com)
IHS Markit (NYSE: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.
IHS Markit is a registered trademark of IHS Markit Ltd. and/or its affiliates. All other company and product names may be trademarks of their respective owners © 2021 IHS Markit Ltd. All rights reserved.
News Media:
Jeff Marn
IHS Markit
+1 202 463 8213
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Press Team
+1 303 858 6417
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PLANO, Texas--(BUSINESS WIRE)--Denbury Inc. (NYSE: DEN) (“Denbury”) today announced that its wholly-owned subsidiary, Denbury Carbon Solutions, LLC., and Mitsubishi Corporation (“Mitsubishi”) have executed a term sheet for the transport and storage of CO2 captured from Mitsubishi’s proposed ammonia project on the Gulf Coast of the United States. The agreement between Denbury and Mitsubishi underscores the parties’ shared interest in pursuing energy opportunities and contributing towards a low-carbon society, with Mitsubishi focused on the production of fuel ammonia and Denbury pursuing its mission of providing world-leading carbon transportation and storage solutions.
Mitsubishi aims to introduce its fuel ammonia to the Japanese market, with production commencing from its Gulf Coast facility in the latter half of the decade. The project is targeted to produce an ammonia volume of around 1 million metric tons per annum (mmtpa) with associated CO2 emissions of around 1.8 mmtpa and the potential for additional ammonia projects to follow.
Key highlights of Denbury’s term sheet with Mitsubishi include:
Chris Kendall, Denbury’s President and Chief Executive Officer, commented, “Today’s announcement with Mitsubishi highlights Denbury’s position as the preferred business partner for transporting and storing captured industrial CO2 emissions. We are excited to deliver the first of what we believe will be many CO2 transport and storage deals with industrial customers along our extensive infrastructure footprint. We look forward to working with Mitsubishi on this project, which represents a significant step in the creation of substantial value through our Carbon Solutions business.”
ABOUT DENBURY
Denbury is an independent energy company with operations and assets focused on Carbon Capture, Use and Storage (CCUS) and Enhanced Oil Recovery (EOR) in the Gulf Coast and Rocky Mountain regions. For over two decades, the Company has maintained a unique strategic focus on utilizing CO2 in its EOR operations and since 2013 has been active in CCUS through the injection of captured industrial-sourced CO2. The Company currently injects over three million tons of captured industrial-sourced CO2 annually, and its objective is to fully offset its Scope 1, 2, and 3 CO2 emissions within this decade, primarily through increasing the amount of captured industrial-sourced CO2 used in its operations. For more information about Denbury, visit www.denbury.com.
The Denbury Carbon Solutions team was formed in January 2020 to advance Denbury’s leadership in the anticipated high-growth CCUS industry, leveraging its unique capabilities and assets that were developed over the last 20-plus years through its focus on CO2 EOR.
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ABOUT MITSUBISHI
Mitsubishi Corporation is a global integrated business enterprise that develops and operates businesses across virtually every industry including natural gas, industrial materials, petroleum & chemicals solution, mineral resources, industrial infrastructure, automotive & mobility, food industry, consumer industry, power solution and urban development. For more information about Mitsubishi, visit https://www.mitsubishicorp.com/jp/en/.
This press release contains forward-looking statements that involve risks and uncertainties, including Denbury and Mitsubishi negotiating and executing definitive agreements documenting the anticipated arrangements discussed above, the construction of the ammonia plant, connecting CO2 pipeline and sequestration facilities and their becoming operational, and the estimated levels of CO2 emissions being available for sequestration. These statements are based on engineering, geological, financial and operating assumptions that management of both parties believe are reasonable based on currently available information; however, their achievement are subject to a wide range of business risks, and there is no assurance that these goals and projections can or will be met. Actual results may vary materially. In addition, any forward-looking statements represent the parties’ estimates only as of today and should not be relied upon as representing its estimates as of any future date. The parties assume no obligation to update these forward-looking statements.
DENBURY CONTACTS:
Brad Whitmarsh, Executive Director, Investor Relations, 972.673.2020, This email address is being protected from spambots. You need JavaScript enabled to view it.
Susan James, Manager, Investor Relations, 972.673.2593, This email address is being protected from spambots. You need JavaScript enabled to view it.
VANCOUVER, British Columbia--(BUSINESS WIRE)--Loop Energy (TSX: LPEN), a developer and manufacturer of hydrogen fuel cell solutions, announces the addition of Wendy Bach to the company’s senior management team as General Counsel and Corporate Secretary.
Ms. Bach joins Loop Energy with extensive legal and executive experience including 19 years at Methanex Corporation (MX-T; MEOH), where she held various roles including Senior Vice-President, Corporate Resources and General Counsel, Vice-President Human Resources, Director of Investor Relations and Senior Corporate Counsel. Ms. Bach also currently sits on the Board of Take a Hike Foundation and the Advisory Board for the Centre for Business Ethics at the Sauder School of Business at UBC. She has a wealth of experience in corporate governance, risk management, compliance, acquisitions & divestitures, corporate finance, joint ventures, and commercial contracts.
Wendy began her career as a lawyer in private practice at Bennett Jones LLP focusing on mergers and acquisitions and other large corporate transactions primarily in the oil and gas sector. She moved to an in-house counsel position at Canadian Airlines before joining Methanex in 2000 as Corporate Counsel. She graduated from the University of British Columbia Law School in 1995.
Reporting to Loop Energy’s Chief Executive Officer, Ms. Bach will serve as Loop’s chief legal strategist, providing sound counsel to the CEO, Board of Directors, Executive and other members of the Loop team. As a member of the executive team, she will also support the development of corporate strategies and the execution of key commercialization goals and objectives.
“I am excited to join Loop Energy’s passionate and innovative team that is focused on transforming fuel cell architecture through our design ingenuity and customer collaboration,” said Wendy Bach. “Loop’s values are aligned with my core values in sustainability and climate, and I am looking forward to doing my part to help Loop Energy become a leading supplier of fuel cell technology and products globally.”
About Loop Energy Inc.
Loop Energy is a leading designer and manufacturer of fuel cell systems targeted for the electrification of commercial vehicles, including, light commercial vehicles, transit buses and medium and heavy-duty trucks. Loop’s products feature the Company’s proprietary eFlow™ technology in the fuel cell stack’s bipolar plates. eFlow™ was designed to enable commercial customers to achieve performance maximization and cost minimization. Loop works with OEMs and major vehicle sub-system suppliers to enable the production of hydrogen fuel cell electric vehicles. For more information about how Loop is driving towards a zero-emissions future, visit www.loopenergy.com.
This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflect management’s current expectations and projections regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company’s control and could cause actual results and events to vary materially from those that are disclosed, or implied, by such forward‐looking information. Such risks and uncertainties include, but are not limited to, the ability of the Company to execute on its strategy and the factors discussed under “Risk Factors” in the Company’s Annual Information Form dated March 30, 2021. Loop disclaims any obligation to update these forward-looking statements.
Loop Energy Media Contact: Ashley Eisner | Tel: +1.212.697.2600 | This email address is being protected from spambots. You need JavaScript enabled to view it.
Loop Energy Business Contact: George Rubin | Tel: +1.604.828.8185 | This email address is being protected from spambots. You need JavaScript enabled to view it.
Already carbon neutral since 2018, the company plans to set science-based targets for its operations and supply chain to reach this goal and provide $10 million in new philanthropic funding toward initiatives that address climate change
NEW YORK--(BUSINESS WIRE)--American Express (NYSE:AXP) today announced it has committed to net-zero carbon emissions by 2035, fifteen years ahead of the Paris Agreement’s 2050 goal. To achieve this ambition, the company will follow the Science Based Targets initiative (SBTi) methodology to set targets over the coming two years for its global operations and supply chain. American Express will also join the ‘Business Ambition for 1.5°C’ commitment and Race to Zero, and will provide at least $10 million in new philanthropic funding towards organizations and initiatives that drive action on climate change through 2025.
“Climate change is one of the most pressing issues we face right now, and we are seeing the devastating impacts around the world that remind us that we have a responsibility to take decisive action,” said Stephen J. Squeri, Chairman and Chief Executive Officer. “To further our impact, we will seek to innovate and advance sustainable solutions, and work with our business, vendor, and community partners to achieve net-zero emissions by 2035.”
Since 2018, American Express has remained a carbon neutral company across its operations and has been powered with 100% renewable energy.1 To achieve net-zero emissions, it plans to work with its suppliers to reduce their impact on the company’s value chain by inviting them to track, reduce, and eventually neutralize their own operational greenhouse gas emissions. As a first step, the company plans to partner with top vendors that are responsible for 50% of the company’s annual third-party spend to set their own science-based emissions reduction targets.
The company’s 2035 net-zero goal is based on SBTi’s ambitious objective of limiting global warming to 1.5°C, a critical target to avoid the most catastrophic threats of climate change as set out by the 2015 Paris Agreement. With this announcement, American Express is also proud to join the Race to Zero, a global campaign established by the United Nations Framework Convention on Climate Change (UNFCCC) to rally leadership for a healthy, resilient, and zero-carbon recovery.
As part of its objective to manage climate-related financial risks, American Express is also signing up to be a supporter of the Task Force on Climate-Related Financial Disclosures (TCFD), created by the Financial Stability Board and chaired by Michael Bloomberg. This signals the company’s belief, alongside more than 2500 organizations, that the TCFD framework increases transparency on climate related risks in the financial markets.
Investing in a Sustainable Future
In addition to its net-zero commitment and in an effort to build more climate resilient and equitable communities, American Express and the American Express Foundation plans to provide at least $10 million by the end of 2025 toward initiatives, partnerships, and programs that prevent and address the adverse effects of climate change. The company is also setting goals to enhance the management of climate-related risks and opportunities across its business, pilot low-carbon product innovations, including solutions to track and offset emissions by 2022, and identify opportunities to engage its global colleague base in sustainability initiatives and volunteer opportunities.
These goals are part of American Express’ commitment to advancing climate solutions, which is one of the core pillars of its ESG strategy and build on its previous efforts to support the transition to a low-carbon economy. In 2019, American Express set environmental goals for 2025 that cover energy and water use, waste generation, green building certifications, the phaseout of single-use plastics, and sourcing paper responsibly.
The company also launched the first American Express Card manufactured mainly from reclaimed plastic collected from beaches, islands, and coastal communities in 2019 along with a Card Take Back program for U.S. Card Members. More than 920,000 expired or non-working cards have been recycled to date. American Express also makes its Carbon Footprint Dashboard available to certain commercial clients so that they are able to track emissions data associated with their air travel, and through its colleague engagement efforts, has planted more than 150,000 trees in partnership with The Nature Conservancy’s Plant A Billion Trees program.
More information on the company’s sustainability strategy, goals, and progress will be available in the company’s 2020-2021 ESG Report, which will be published on September 28, 2021.
| ___________________________ |
1 Achieved carbon neutral operations for Scope 1 (direct emissions from sources owned or controlled by American Express), Scope 2 (indirect location-based and market-based emissions), and Scope 3 (waste and employee business travel, including third-party air, rail and rental cars) emissions through renewable energy credits, carbon offsets, and reduced GHG emissions. Operations include all our managed facilities, field sites and data centers. Managed facilities are individual properties operationally managed by our global real estate team and housing critical business functions. Field sites are individual properties that are not operationally managed by our global real estate team but directly by our business units. They are typically smaller sites, less than 30,000 square feet (including airport lounges, foreign exchange kiosks, and sales offices) that are owned or leased by American Express. |
ABOUT AMERICAN EXPRESS
American Express is a globally integrated payments company, providing customers with access to products, insights and experiences that enrich lives and build business success. Learn more at americanexpress.com and connect with us on facebook.com/americanexpress, instagram.com/americanexpress, linkedin.com/company/american-express, twitter.com/americanexpress, and youtube.com/americanexpress.
Key links to products, services and corporate responsibility information: charge and credit cards, business credit cards, travel services, gift cards, prepaid cards, merchant services, Accertify, InAuth, corporate card, business travel, and corporate responsibility.
Source: American Express Company
Location: Global
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 which are subject to risks and uncertainties. The forward-looking statements, including the company’s aspirational emissions and climate-related commitments and goals, contain words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “aim,” “will,” “may,” “seek,” “should,” “could,” “would,” “likely,” “potential,” “continue” or other similar expressions. Actual results may differ from those set forth in the forward-looking statements due to a variety of factors, including: competition, brand perceptions and reputation; an inability to develop and market value propositions that appeal to Card Members and new customers; the amount and efficacy of investments in product innovations, resources, marketing campaigns and programs; changing customer behaviors, interest in the company’s products, resources and programs, and willingness to access capital provided by the company, spend money at small businesses and value environmentally and socially responsible products and services; management’s inability to identify suitable suppliers, grantees, partners and community investments and negotiate acceptable terms; an inability to build partnerships and execute programs with other companies and of partners to meet their obligations to the company; changes in developing standards and certifications; the cost and availability of renewable energy, carbon removal and carbon offset projects, energy attribute certificates, certified paper and green buildings, and alternatives to single-use plastic; supply chain and market disruption; regulation; potential M&A activity; severe weather conditions, natural disasters and other catastrophic events; changes in the company’s real estate, technology, colleague and community engagement, and risk management strategies; an inability of waste management systems to divert waste to recycling and composting facilities; and changes in economic or business conditions and the company’s ability to grow, improve its financial performance and execute on its strategies. A further description of these and other risks and uncertainties can be found in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020 and the Company’s other filings with the U.S. Securities and Exchange Commission. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update or revise any forward-looking statements.
Media:
Leah M. Gerstner, This email address is being protected from spambots. You need JavaScript enabled to view it., +1.212.640.3174
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Combined Networks Capable of Connecting Billions of Low Power Sensor-Based IoT Devices Across the United States
PORTSMOUTH, N.H. & SAN FRANCISCO--(BUSINESS WIRE)--#Communications--Senet, Inc., a leading provider of cloud-based software and services platforms that enable global connectivity and on-demand network build-outs for the Internet of Things (IoT), and Helium, the company behind one of the world’s first peer-to-peer wireless networks, today announced a network roaming integration, broadening access to public LoRaWAN network connectivity for customers deploying IoT applications throughout the United States.
The Helium Network, also known as “The People’s Network”, joins a growing number of network operators, Radio Access Network (RAN) Partners and network infrastructure providers partnering with Senet to ensure that LoRaWAN connectivity can be accessed when and where it is needed, and at the optimal cost. Senet operates the first and only National public, carrier-grade LoRaWAN network and through this roaming integration, its customers deploying enterprise and consumer-grade devices now have expanded access to public network coverage provided by over 175,000 Helium-compatible Hotspots deployed by individuals throughout the US. This network access is available from Senet under its Extended Coverage offering and is supported by Senet network management services, delivering the highest levels of reliability and responsiveness for scaled IoT applications.
For Helium-compatible Hotspot owners, this partnership provides an opportunity for increased network traffic generated by high density IoT applications being deployed by Senet customers, such as asset tracking, logistics and supply chain monitoring, environmental monitoring, and municipal (Smart City) services. These customers represent well over one billion transactions processed on the Senet network annually. Accumulated data transfer and “proof-of-coverage” transactions earn Hotspot owners HNT cryptocurrency for their contribution to building and maintaining the Helium Network infrastructure.
“Our collaboration with the Helium Network demonstrates Senet’s commitment to leading through a combination of innovation and partnerships,” said Bruce Chatterley, CEO of Senet. “Helium created a unique and complementary business model for deploying LoRaWAN networks and the combination of extended network coverage and the potential economic incentive of HNT puts Senet and the Helium Network in a leading position to move the market a step closer to pervasive low power wide area network coverage for IoT applications throughout the United States.”
“Senet’s dominant position in the commercial LoRaWAN network market and experience with scaled IoT solution deployments are examples of the success we look for as we partner to deliver value to the Helium ecosystem,” said Amir Haleem, Helium’s CEO and co-founder. “This is an exciting announcement for the industry. The roaming integration with Senet is made possible by the Helium blockchain and brings together two of the fastest- growing LoRaWAN networks in the United States, delivering a significant opportunity for our Hotspot owners to benefit from the rapidly growing IoT services economy.”
Senet operates the largest and most densely deployed public carrier-grade LoRaWAN network in the United States, deployed in over 29 states, covering over 1,300 cities, serving a population of over 55 million people, and processing millions of transactions daily.
The Helium Network has witnessed rapid growth in Hotspot deployments from 7,000 in 2020 to over 175,000 in 2021 across 123 countries globally. There are more than 500,000 additional Hotspots currently back-ordered waiting to come online and over 50 new manufacturers waiting to be approved to build and sell Helium-compatible hardware.
About Senet, Inc.
Senet develops cloud-based software and services used by Network Operators, Application Developers, and System Integrators for the on-demand deployment of Internet of Things (IoT) networks. In addition to industrial and commercial applications, Senet has designed smart meter networks for many municipal water utility districts across the United States, representing millions of households. With a multi-year head start over competing Low Power Wide Area Network technologies, Senet offers technology in over eighty countries and owns and operates the largest publicly available LoRaWAN network in the United States. Our disruptive go-to-market models and critical technical advantages have helped us become a leading connectivity provider with recognized expertise in building and operating global IoT networks. For additional information, visit www.senetco.com.
About Helium
Co-founded by Shawn Fanning and Amir Haleem in 2013, Helium is building the world’s first peer-to-peer wireless network to simplify connecting devices to the internet by rewarding anyone to become a network operator. CEO Amir Haleem comes from an extensive background in triple-A video games. Helium is backed by GV (formerly Google Ventures), Khosla Ventures, Union Square Ventures, Multicoin Capital, FirstMark, Marc Benioff, Shawn Fanning and other top VCs. The Network is live in more than 15,000 cities globally. More information can be found at helium.com.
Senet Contact:
James Gerber
Crackle Communications
508-233-3391
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Helium Media Contact:
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Demonstrating American Water’s Continued Commitment to Serving Our Customers and Our Communities
CAMDEN, N.J.--(BUSINESS WIRE)--American Water (NYSE: AWK), the largest publicly traded U.S. water and wastewater utility company, announced today it has issued its sixth biennial Sustainability Report covering its industry leading performance in 2019 and 2020.
“At American Water, delivering a reliable supply of safe, clean and affordable water service to our customers and treating their wastewater is fundamental to our business. We are committed to limiting our impact on the environment while strengthening the communities we serve,” said Walter Lynch, President and CEO of American Water. “It is because of this ongoing commitment to integrating environmental, social and governance principles throughout our business that American Water continues to be recognized for our leadership.”
American Water prepared the Sustainability Report in accordance with the Global Reporting Initiative (GRI) Standards: Core option. In this report, we also disclose several standards from the Sustainability Accounting Standards Board (SASB) and the Edison Electric Institute (EEI). In addition, we reference the Task Force on Climate-related Financial Disclosures (TCFD) recommendations, providing information and data related to our approach to managing climate risk across the enterprise. We also take into consideration the United Nations Sustainable Development Goals (UNSDGs) and we submit responses to the S&P Global Corporate Sustainability Assessment (CSA) and CDP Climate Change annually.
Some performance highlights from the report include:
American Water has received various awards and recognitions demonstrating our ESG related accomplishments, some examples include:
The full report can be found in the Sustainability Report section of the company’s website.
About American Water
With a history dating back to 1886, American Water is the largest and most geographically diverse U.S. publicly traded water and wastewater utility company. The company employs more than 7,000 dedicated professionals who provide regulated and market-based drinking water, wastewater and other related services to 15 million people in 46 states. American Water provides safe, clean, affordable and reliable water services to our customers to help make sure we keep their lives flowing. For more information, visit amwater.com and follow American Water on Twitter, Facebook and LinkedIn.
Media:
Joseph Szafran
External Affairs Manager
856-955-4304
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The company’s green power use is equivalent to the electricity use of more than 5,000 average American homes annually.
COPPELL, Texas--(BUSINESS WIRE)--$TCS #thecontainerstore--The Container Store, leading specialty retailer of storage and organization solutions and custom closets, announced today they joined the U.S. Environmental Protection Agency’s Green Power Partnership. The Container Store is using more than 57 million kilowatt-hours (kWh) of green power annually, which is enough green power to meet 100 percent of the organization's electricity use. By choosing green power, The Container Store is helping lead the transition to a cleaner energy future.
As part of The Container Store’s commitment and effort, all of their stores, distribution centers, and corporate office power is offset by an investment in 100% renewable energy, powered by one of the cleanest power sources: wind.
“The Container Store is passionate about the environment and is fully committed to reducing the overall footprint of our operations,” said President and CEO, Satish Malhotra. “We are proud to join the EPA’s Green Power Partnership. Using green power helps further reduce our organization's emissions footprint.”
By joining the voluntary green power market, The Container Store and other Green Power Partners are helping to reduce the negative health impacts of air emissions on people and the environment.
According to the U.S. EPA, The Container Store’s green power use is equivalent to the electricity use of more than 5,000 average American homes annually.
About The Container Store
The Container Store Group, Inc. (NYSE:TCS) is the nation’s leading specialty retailer of storage and organization products and solutions, and custom closets – a concept they originated in 1978. Today, with locations nationwide, the retailer offers more than 11,000 products designed to transform lives through the power of organization.
Visit www.containerstore.com for more information about products, store locations services offered and real-life inspiration.
Follow The Container Store on Facebook, Twitter, Instagram, TikTok, YouTube, Pinterest and LinkedIn.
About EPA’s Green Power Partnership
The Green Power Partnership is a partnership program that helps increase green power use among U.S. organizations to advance the American market for green power and development of those sources as a way to reduce air pollution and other environmental impacts associated with electricity use. In 2020, the Partnership had more than 700 Partners voluntarily using nearly 70 billion kilowatt-hours of green power annually. Partners include a wide variety of leading organizations such as Fortune 500® companies; small and medium sized businesses; local, state, and federal governments; and colleges and universities. For additional information, please visit www.epa.gov/greenpower.
Katelyn Clinton
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972-538-6000
KANSAS CITY, Mo.--(BUSINESS WIRE)--Evergy, Inc. (NYSE: EVRG) will host a Virtual Investor Day on September 21, 2021 at 9:00 AM Eastern Time. Senior management will provide an update on Evergy’s business strategy, operational highlights, sustainability profile and financial outlook.
Investors, analysts, and media may access a webcast of the event, which will be posted on the company’s website at investors.evergy.com. A replay will also be available on the website for those unable to listen live.
A question-and-answer session will take place following management’s prepared remarks. If you do not wish to ask a question, simply remain logged onto the webcast to continue listening.
To participate in the question-and-answer session, investors and analysts will need to dial-in using the information below:
Phone conference call at (888) 353-7071, conference ID 9269637
The presentation will be available under the Investors section of the company website at investors.evergy.com.
About Evergy, Inc.
Evergy, Inc. (NYSE: EVRG), provides clean, safe and reliable energy to 1.6 million customers in Kansas and Missouri. The 2018 combination of KCP&L and Westar Energy to form Evergy created a leading energy company that provides value to shareholders and a stronger company for customers.
Evergy’s mission is to empower a better future. Today, half the power supplied to homes and businesses by Evergy comes from emission-free sources, creating more reliable energy with less impact to the environment. We will continue to innovate and adopt new technologies that give our customers better ways to manage their energy use.
For more information about Evergy, Inc., visit us at www.evergy.com.
Media Contact:
Gina Penzig
Manager, External Communications
Phone: 785-508-2410
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Media line: 888-613-0003
Investor Contact:
Cody VandeVelde
Director, Investor Relations
Phone: 785-575-8227
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Heila, SimpliPhi Power, and New Partners Community Solar add intelligent energy storage to an existing solar array to enable resilience and significant cost reductions in utility bills
BOSTON--(BUSINESS WIRE)--Heila Technologies, an energy technology leader responsible for controlling, aggregating, and optimizing distributed energy resources (DERs), partnered with SimpliPhi Power and New Partners Community Solar to deploy an energy storage system that provides cost-effective, reliable and sustainable energy at Ludlow-Taylor Elementary School.
Ludlow-Taylor is a public school and Community Renewable Energy Facility located in an underserved community in Washington, D.C. that installed a 200 kilowatt (kW) solar array in late 2019 to meet its energy needs and sell an excess of 30kW back to the utility to reduce operating costs. When the COVID-19 pandemic hit in 2020 and forced the school to shift to remote learning, the excess solar being produced amounted to 90 kW – far in excess of the net metering agreement with the local utility, Pepco, for export to the grid.
In order to maximize the investment of the solar array for the school, satisfy the imposed export limit of 30 kW per day, avoid the system being shut down, as well as capture valuable excess renewable energy, SimpliPhi Power designed a 60 kWh 1200 VDC lithium ferro phosphate (LFP) battery bank to store the excess solar generation. Pepco uses the excess energy generated and stored in the SimpliPhi battery to provide additional capacity for the low-income community that surrounds Ludlow-Taylor as part of Solar for All, a program of D.C.’s Department of Energy and Environment.
"Advancing a reliable and equitable grid requires innovation, and we’re proud to partner with these bold thinkers to provide the Ludlow-Taylor school with a creative and cost-effective energy system," said Francisco Morocz, CEO of Heila Technologies. “We hope this project can serve as an example of what’s possible for other low-income communities looking to reap the economic and resiliency benefits of sustainable energy.”
The specific system requirements and necessary capabilities were developed by the expert consultants at Amidus working alongside SUNCATCH ENERGY, the EPC installing the high voltage storage system, and SimpliPhi Power application engineers.
“SimpliPhi Power believes access to clean and affordable energy is fundamental to economic growth, social equity and environmental sustainability,” said Catherine Von Burg, CEO and co-founder of SimpliPhi Power. “By turning to battery storage to solve for the cost hurdles of its existing solar array, Ludlow-Taylor Elementary can be confident its system is resilient and secure while it pays dividends to augment the school’s operating budget and the greater community.”
To enable advanced functionality for this impactful solar and energy storage system, SimpliPhi Power turned to the Heila Edge® platform to integrate the solar array and batteries with advanced system controls and functionality. By leveraging Heila’s distributed control software, the school is able to connect, manage and optimize these DERs remotely. The decentralized approach provides Ludlow-Taylor with unparalleled automation and modularity, dramatically reducing system complexity and cost of commissioning and operation.
With the addition of an intelligent energy storage system to the existing solar array, Ludlow-Taylor can now power itself with clean energy, support the surrounding community, achieve significant cost reductions to free up critical funding for school resources, and ensure resilient operations in case of power outages.
Across the U.S., low-income households face a disproportionately higher energy burden, defined as the percentage of gross household income spent on energy costs. According to the Department of Energy, the national average energy burden for low-income households is 8.6%, three times higher than for non-low-income households.
While there is a greater opportunity for energy and cost savings for these households, low-income communities face barriers to accessing energy technologies which help make energy more affordable, such as solar photovoltaic (PV) and battery systems. New Partners Community Solar and SimpliPhi Power have been tackling these challenges, working to bring solar capabilities to the communities—like the Washington, D.C. neighborhood surrounding Ludlow-Taylor—that need it most.
As the needs of the Ludlow-Taylor community continue to evolve, the school can easily expand its renewable energy ecosystem in the future by using the scalable nature of the Heila Edge® platform and the modular building blocks of SimpliPhi Power’s battery systems.
About Heila Technologies
Heila Technologies is an MIT-born company dedicated to simplifying the integration and operation of Distributed Energy Resources (DERs). Combining decades of deep theoretical knowledge and practical industry experience, Heila’s mission is to transform the energy industry from the ground up using DERs as the pillars of a new clean, resilient, and equitable grid. Its decentralized optimization system provides unparalleled automation and modularity, dramatically reducing system complexity and cost. The company was founded in 2015 and is based in Greentown Labs in Somerville, Massachusetts. To learn more, visit www.heilatech.com
About SimpliPhi Power
With a mission to create universal access to safe, reliable, and affordable energy, SimpliPhi Power designs and manufactures efficient, non-toxic, and enduring energy storage and management systems that utilize environmentally benign lithium ferro phosphate (LFP) battery chemistry. Based in Oxnard, California, SimpliPhi combines the non-hazardous LFP energy storage chemistry with its proprietary cell and battery architecture, power electronics, Battery Management System (BMS) and manufacturing processes to create safe, reliable, durable, and highly scalable on-demand power solutions for residential, commercial, industrial, and government sectors.
For more information, visit www.simpliphipower.com
Emily Lospennato
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AUSTIN, Texas--(BUSINESS WIRE)--Terradepth, a disruptor in maritime data collection and use, was highlighted in Fast Company’s Innovation by Design Awards for 2021 in the Experimental category.
Former Navy SEALs Joe Wolfel and Judson Kauffman founded Terradepth to create Google Maps for the world’s oceans. To build this accurate virtual ocean, the team is developing a fleet of fully autonomous deep ocean data collection submersibles capable of collecting comprehensive data, processing it on the edge and populating a cloud-based ocean data portal.
“While the oceans hold about 96.5% of the Earth’s water, we’ve only mapped less than 10% of that. The implications of this knowledge gap are immeasurable,” said Joe Wolfel, co-founder and co-CEO at Terradepth. “At Terradepth, we are committed to closing that gap and helping understand areas like climate change, weather patterns and currents. We’re honored that Fast Company recognized the importance of creating a comprehensive, immersive and accurate virtual ocean.”
“The answers to making better decisions about our planet can be found in the ocean,” said Judson Kauffman, co-founder and co-CEO of Terradepth. “It’s a great honor to be recognized by Fast Company as we move closer to our goal of sharing information that can help to conserve and protect the last unexplored frontier on Earth.”
The awards recognize people, teams and companies that transform businesses, organizations and society through design. One of the most sought-after design awards in the industry, Innovation by Design is the only competition to honor creative work at the intersection of design, business and innovation.
“Design is not just a beauty contest,” said Stephanie Mehta, editor-in-chief of Fast Company. “It’s something that can change the world and create solutions in a time when we face pressing global issues such as systemic racism, climate change and a global pandemic. Many of these entries showcase these challenges while providing hope for the future through their steadfast commitment to elevate design.”
The judges include renowned designers from a variety of disciplines, business leaders from some of the most innovative companies in the world, and Fast Company’s own writers and editors. Entries are judged on the key ingredients of innovation: functionality, originality, beauty, sustainability, user insight, cultural impact and business impact.
Honorees are featured online and in the October issue of Fast Company magazine, on newsstands on September 28. To see the complete list, go to: https://www.fastcompany.com/innovation-by-design/2021.
About Fast Company
Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. The editor-in-chief is Stephanie Mehta. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication, Inc., and can be found online at fastcompany.com.
About Terradepth
Terradepth is enabling a holistic reasoning of the Earth for the first time in human history. By making high-resolution undersea information accessible to a diverse stakeholder base, Terradepth is driving human connection with the ocean through greater understanding. From environmental decisions to new medical treatments, Terradepth's combination of subsea drones and its Virtual Ocean are changing our relationship to the ocean for good. To learn more, visit Terradepth.com.
Media Contact
Treble
Ethan Parker
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BlocPower Workforce Trainees to Operate Aclima Mobile Air Sensor Network Block by Block
NEW YORK--(BUSINESS WIRE)--#PBC--During a Climate Week NYC event, Aclima co-founder and CEO Davida Herzl and BlocPower founder and CEO Donnel Baird announced a partnership to scale up their commitment to creating good green jobs in the communities that need them most, while also delivering the technology needed to guide emissions reductions, clean up the air, and protect communities.
BlocPower, a New York-based climate tech startup that is rapidly greening American inner cities, will work with Aclima and its community and government partners to train and staff workforce trainees to operate Aclima’s mobile environmental sensor network — the world’s largest. Through the partnership, BlocPower will provide recruitment and workforce development support to Aclima, sourcing talent from impacted communities.
“Aclima and BlocPower are launching a partnership to bring green jobs, street-level transparency into air pollution and greenhouse gas emissions, and healthy buildings to New York City and beyond,” said Baird. “Aclima is a gamechanger — bringing the world’s largest mobile environmental sensor network to cities so people can breathe better, block by block.”
Aclima, a Public Benefit Corporation that measures and analyzes air pollution and greenhouse gases block by block will work with BlocPower and its community and government partners to identify pollution hotspots, target interventions, accelerate emissions reductions, and track progress over time. Aclima will create employment opportunities for talent to run the sensor network, generating block-level air pollution and greenhouse gas data.
“Together with BlocPower we can draw down emissions, and lift people up,” said Herzl. “Using this new data and transparency, we’re turning the climate crisis into an opportunity to green our cities, transform our economy, and create a more just future for all.”
The data will then be used by BlocPower to target building retrofits and will be made publicly available to identify the greatest opportunities for emissions reductions that support the health of the community.
Through this partnership, Aclima and BlocPower are demonstrating a blueprint for implementation of the Build Back Better plan, delivering good green jobs and a healthier environment through bold, data-driven climate action in the communities that need them most, in partnership with local residents.
About Aclima
Aclima is a Public Benefit Corporation that has pioneered an entirely new way to measure and analyze air pollution and greenhouse gases, block by block and around the world. The Aclima hardware and software technology platform translates billions of scientific measurements from its network of stationary and roving sensors into environmental intelligence for governments, businesses, and communities. Aclima is dedicated to catalyzing bold action to protect public health, reduce climate-changing emissions, and support environmental justice. For more information please visit https://aclima.io.
About BlocPower
BlocPower is a Brooklyn-based climate technology startup that is making American cities greener, smarter and healthier. Since its founding in 2014, the company has retrofitted more than 1,100 buildings in disadvantaged communities in New York City, with projects underway in 26 cities. BlocPower uses proprietary software for analysis, leasing, project management, and monitoring of clean energy projects that save customers between 20-70 percent on annual energy costs. For more information please visit https://blocpower.io.
BlocPower PR Contact:
Eric Sokolsky
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(908) 288-7201
Aclima PR Contact:
Jeannie Entin
(646) 460-9470
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Mr. Pike brings decades of experience in advocating, supporting and leading clean energy initiatives across the state notably in his recent role as CEO of MassCEC
BURLINGTON, Mass.--(BUSINESS WIRE)--FirstLight Power, a leading clean power producer and energy storage company, today announced that the company has tapped Stephen Pike as Vice President and General Counsel. Mr. Pike joins FirstLight after leading the Massachusetts Clean Energy Center (MassCEC) as Chief Executive Officer for the past six years. He will serve on FirstLight’s leadership team and report directly to President and CEO, Alicia Barton, assuming the role from Marc Silver, who recently announced his retirement.
“I’m incredibly excited to welcome Steve to our growing senior leadership team. Steve brings a rare combination of deep legal expertise and extensive leadership experience in the clean energy industry that will be a significant asset to FirstLight as we advance our mission to decarbonize the regional electric grid,” said Alicia Barton, President and CEO of FirstLight. “I also want to acknowledge and thank Marc Silver for his many years of service and contributions to building FirstLight, the largest renewable energy and energy storage portfolio operating in New England today.”
Mr. Pike will bring more than eight years of experience and leadership in the clean energy sector at MassCEC and well over a decade serving as outside general counsel to privately held and publicly traded companies, advising on transaction, commercial and operational matters, focusing primarily on financing transactions and mergers and acquisitions.
“I am thrilled to be joining FirstLight at a time of dynamic change and opportunity in the power delivery industry,” said Stephen Pike, VP and General Counsel of FirstLight. “FirstLight's vision for decarbonizing the electric grid and developing an electric system that is clean, reliable, affordable and equitable is a natural continuation of the goals I have pursued in the public sector over the past eight years.”
Under Mr. Pike’s leadership, MassCEC strengthened its focus combating climate change by helping the Commonwealth meet its ambitious greenhouse gas reduction goals in addition to MassCEC’s historic focus on boosting economic development in the clean energy sector. Over the past six years, MassCEC launched several cutting-edge programs to advance deployment of energy storage, renewable energy generation, and building decarbonization solutions, and to fuel the growth of climate focused startup companies. In addition, he has played a leading role in advancing Massachusetts’ new offshore wind industry through execution of partnerships with both Vineyard Wind and Mayflower Wind to bring significant new offshore wind jobs to the Bay State.
“We are so pleased to add Steve to FirstLight’s leadership team – his deep experience will help support our efforts to lead the region’s conversion to a clean energy future faster by delivering clean, locally made hydropower, and by leveraging large-scale storage facilities to integrate renewable energy and store it for times when it is needed,” said Phil Giudice, Board Chair of FirstLight. “Steve joins an excellent team that is committed to the company’s strong legacy of environmental stewardship with the necessary clean energy expertise to help lead the drive to a more sustainable future in the years ahead.”
ABOUT FIRSTLIGHT POWER
FirstLight Power (FirstLight) is a leading clean power producer and energy storage company in New England with a portfolio that includes nearly 1,400 megawatts of pumped-hydro storage, battery storage, hydroelectric generation, and solar generation – the largest clean energy generation portfolio in New England today. Based in Burlington, MA, with operating offices in Northfield, MA and New Milford, CT, FirstLight provides stewardship of and recreational access to 14,000 acres of land and waters along the Connecticut, Housatonic, Shetucket, Still, and Quinebaug Rivers. To learn more, visit www.firstlightpower.com.
Media:
Len Greene, Director of Government Affairs & Communications
Office: 413-659-4426, Cell: 860-795-4310
Travis Small, Slowey McManus Communications
Cell: 617-538-9041, Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Central European energy group to implement OneStream’s Intelligent Finance platform
BIRMINGHAM, Mich.--(BUSINESS WIRE)--Energetický a průmyslový holding (EPH), a leading Central European energy group, has selected corporate performance management (CPM) vendor OneStream Software to unify the company’s finance operations. EPH will utilize the OneStream platform to streamline their financial close, consolidation, planning and reporting processes for over 400 users across the enterprise.
EPH owns and operates assets in the Czech Republic, the Slovak Republic, Germany, Italy, Ireland, the UK, France and Switzerland. The company manages over €18 billion in assets, with €8.5 billion in revenue in 2020. The company needed a flexible platform that could accommodate the complexity of EPH’s assets, as well as manage the company’s continued growth and ever-changing business environment. After a detailed evaluation process, OneStream was selected for the platform’s modern approach to CPM.
“OneStream brings a new and fresh concept based on predefined process and best practices in financial management,” said Martina Matouskova, Business Performance Director at EPH. “The platform is flexible to support our complex business environment as well as rapid changes in our Group structure. Partnering with OneStream will help with future automatization of our finance processes and will play a key role in improving our user experience.”
“Just as EPH seeks to achieve excellence in all aspects of its operations, our mission at OneStream is to drive 100% customer success,” said Craig Colby, President at OneStream. “We are thrilled to partner with EPH to evolve their financial processes and to support their growth by providing key insights into business performance, flexibility for users and a unified approach to the office of finance, from financial close and consolidation to reporting, planning and analytics.”
About EPH
Energetický a průmyslový holding (EPH) is a leading Central European energy group that owns and operates assets in the Czech Republic, the Slovak Republic, Germany, Italy, Ireland, the UK, France and Switzerland.
EPH is a vertically integrated energy utility covering the complete value chain ranging from highly efficient cogeneration, power and heat generation, natural gas transmission, gas storage, as well as gas, heat and electricity distribution and supply. The scope includes also trading and logistics platforms, gas infrastructure management, and real estate development. For more information, visit www.epholding.cz.
About OneStream Software
OneStream Software provides a market-leading intelligent finance platform that reduces the complexity of financial operations. OneStream unleashes the power of finance by unifying corporate performance management (CPM) processes such as planning, financial close and consolidation, reporting and analytics through a single, extensible solution. We empower the enterprise with financial and operational insights to support faster and more informed decision-making. All in a cloud platform designed to continually evolve and scale with your organization.
OneStream is an independent software company backed by private equity investors KKR, D1 Capital Partners, Tiger Global and IGSB. With over 750 customers, 200 implementation partners and 900 employees, our primary mission is to deliver 100% customer success. To learn more visit www.onestreamsoftware.com.
OneStream Software
PAN Communications
Kristen Hyle
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BUFFALO, N.Y.--(BUSINESS WIRE)--$ROCK #ROCK--Gibraltar Industries, Inc. (Nasdaq: ROCK), a leading manufacturer and provider of products and services for the renewable energy, residential, agtech and infrastructure markets, today announced that President and Chief Executive Officer Bill Bosway and Chief Financial Officer Tim Murphy are scheduled to present at the Sidoti Fall Virtual Investor Conference, on Thursday, September 23, 2021, at 11:30am ET, and hold meetings with investors that day.
The link to the live webcast of the Company’s presentation will be available by visiting Gibraltar’s website at https://ir.gibraltar1.com/reports-presentations.
About Sidoti & Company
For over two decades, Sidoti & Company (http://www.sidoti.com) has been a premier provider of independent securities research focused specifically on small and microcap companies and the institutions that invest in their securities, with most of its coverage in the $100 million-$5 billion market cap range. The firm’s approach affords companies and institutional clients a combination of high-quality research, a small- and microcap-focused nationwide sales effort, broad access to corporate management teams, and extensive trading support. Sidoti serves 500+ institutional clients in North America.
About Gibraltar
Gibraltar Industries is a leading manufacturer and provider of products and services for the renewable energy, residential, agtech and infrastructure markets. With a three-pillar strategy focused on business systems, portfolio management, and organization and talent development, Gibraltar’s mission is to create compounding and sustainable value with strong leadership positions in higher growth, profitable end markets. Gibraltar serves customers primarily throughout North America. Comprehensive information about Gibraltar can be found on its website at www.gibraltar1.com.
LHA Investor Relations
Jody Burfening/Carolyn Capaccio
(212) 838-3777
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VALLEY FORGE, Pa.--(BUSINESS WIRE)--#fortune500--UGI Corporation (NYSE: UGI) is expanding a unique partnership with the Human Library Organization (HLO), a Danish-based nonprofit that works internationally to help organizations with their diversity, equity, and inclusion efforts.
UGI has committed to a sponsorship role with the Human Library for the creation of a digital learning platform that will expand the reach of the Human Library’s diversity experiences across the globe. UGI began working with the Human Library in 2020 for diversity and inclusion education for its leadership development, supervisor training and new hire onboarding programs. Nearly 500 employees participated in the Human Library “reader sessions” over the past year and UGI expects that more than 500 additional employees will participate in the coming year.
The Human Library offers diversity training for companies that want to raise social and cultural awareness in their workforce to promote better partnerships with customers and the communities they serve. The learning platform addresses cultural, religious, social and ethnic differences by offering direct conversations with people experiencing stigma, discrimination or prejudice and challenges stereotypes.
Roger Perreault, President and Chief Executive Officer of UGI Corporation, said, “We are excited to announce this strategic partnership with the Human Library and help to promote this mission globally. We launched our Belonging, Diversity, Inclusion, and Equity (BIDE) initiative in 2020 to promote greater diversity of thought, inclusive leadership, and equitable treatment of our employees, customers, and the communities we serve. We think our partnership with the Human Library will help us along our journey to become an even more innovative and inclusive company.”
Before COVID-19, individuals participated in Human Library experiences at a local library, university, or their workplace. In the past year, these live sessions became virtual, allowing an organization’s employees to meet people with diverse identities from around the world, ask questions about difficult issues, and promote more inclusive communities.
Ronnie Abergel, Chief Executive Officer and Founder of The Human Library, said, “With this important support from UGI, we will soon be able to offer our safe space online and publish people as ‘open books’ to help us better understand our diversity. The app and community we are building together will be a home for curious and courageous conversations with people everywhere.”
About UGI Corporation
UGI Corporation is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, natural gas utilities in West Virginia, distributes LPG both domestically (through AmeriGas) and internationally (through UGI International), manages midstream energy assets in Pennsylvania, Ohio, and West Virginia and electric generation assets in Pennsylvania, and engages in energy marketing, including renewable natural gas in the Mid-Atlantic region of the United States, California, and the District of Columbia and internationally in France, Belgium, the Netherlands and the UK.
Comprehensive information about UGI Corporation is available on the Internet at https://www.ugicorp.com.
Investor Relations
Tameka Morris, 610-456-6297
Arnab Mukherjee, 610-768-7498
Shelly Oates, 610-337-1000 ext. 3202
Human Library
Copenhagen, Denmark
+45 4292 1217
Emma Arne Skidmore
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ORANGE, Conn. & COPENHAGEN, Denmark--(BUSINESS WIRE)--Avangrid Renewables, a subsidiary of AVANGRID, Inc. (NYSE: AGR), and Copenhagen Infrastructure Partners (CIP), today announced a restructuring of their Vineyard Wind joint venture which will enable both companies to leverage their strengths and expertise to continue to grow the U.S. offshore wind industry.
The Vineyard Wind joint venture, which pioneered offshore wind in the United States, has successfully built a portfolio that includes Vineyard Wind 1, the first commercial scale offshore wind project in U.S. waters. Vineyard Wind 1, an 800-megawatt (MW) project that will deliver clean energy to Massachusetts beginning in 2023, reached financial close last week and is beginning construction this month.
Vineyard Wind 1 will continue to be developed as a 50/50 joint venture between the partners and Avangrid Renewables will have an option to gain operational control once the project reaches commercial operation. Avangrid Renewables will take full ownership of lease area OCS-A 0534 which includes Park City Wind, an 804 MW project which will deliver clean energy to Connecticut, and Commonwealth Wind, which last week submitted a bid for up to 1,200 MW to the third Massachusetts offshore wind competitive solicitation.
Copenhagen Infrastructure Partners will take full ownership of lease area OCS-A 0522, the easternmost offshore wind area, which has the potential to deliver over 2,500 MW of clean energy into New England and New York.
“Along with Avangrid Renewables, we have during the previous week achieved the most important milestone for offshore wind in the U.S., and with our partner are excited to lead Vineyard Wind 1 through the construction phase and complete this trailblazing project,” said Christian T. Skakkebæk, Senior Partner in CIP. “Lease area 522 has the highest wind speed of any lease area in the northeast and will be a very competitive site for solicitations from New York to Massachusetts. Continuing to operate with our core leadership team and local staff in place, we can build on the strong relationships and early engagement with all stakeholders that has always been at the core of our development philosophy as we move forward.”
“We are proud of the extraordinary accomplishments achieved in partnership with CIP, including the first commercial-scale offshore wind farm in the United States,” said Dennis V. Arriola, CEO of AVANGRID. “We look forward to continuing our partnership with CIP for Vineyard Wind 1 as well as leading Park City Wind and Commonwealth Wind to deliver economic opportunity and clean energy to New England. This restructuring is aligned with our long-term growth strategy and our aspiration to be the leading sustainable energy company in the U.S.”
Once the restructuring is finalized, Avangrid Renewables will make a net payment of $167.5 million in order to acquire 100% of OCS-A 534 containing Park City Wind and Commonwealth Wind. In exchange, CIP will acquire 100% of OCS-A 522. The transaction is subject to consents from key stakeholders and regulators, which include the Bureau of Ocean Energy Management (BOEM) as well as the Connecticut electric distribution companies. The transaction is expected to close in approximately six months during which the parties have agreed on a transition plan.
CIP is a first mover in the U.S. offshore wind industry, entering the market in 2016. CIP will, through its Copenhagen Infrastructure II K/S and Copenhagen Infrastructure III K/S, continue leading the offshore wind industry by co-leading the construction of the first commercial scale offshore wind project in the U.S., Vineyard Wind 1 of 800 MW. At the same time, CIP will, through its Copenhagen Infrastructure IV K/S, focus on developing OCS-A 522, highlighting CIP’s continued strong interest and presence in the U.S. offshore wind market.
Avangrid Renewables is a leading U.S. clean energy developer with a strong track record of owning and operating renewable energy assets with an experienced, U.S. based, offshore wind team. The company further benefits from the backing of Iberdrola, a major European offshore wind developer and an 81.5% shareholder of AVANGRID.
About AVANGRID: AVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $39 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs approximately 7,000 people and has been recognized by Forbes and Just Capital as one of the 2021 JUST 100 companies – a list of America’s best corporate citizens – and was ranked number one within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2021 for the third consecutive year by the Ethisphere Institute. For more information, visit www.avangrid.com.
About Copenhagen Infrastructure Partners: Copenhagen Infrastructure Partners P/S (CIP) is a fund management company focused on energy infrastructure including offshore wind, onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity and storage, and other energy assets like Power-to-X. CIP is one of the largest financial sponsors in offshore wind globally, and a first mover in the US offshore wind market. In the US, CIP has been involved in the development, construction and operations of more than 12 GW of renewable energy projects.
CIP manages eight funds and has approximately EUR 16 billion under management. PensionDanmark was founding and sole investor in CI I and CI A I. Today CIP’s funds have approximately 100 international institutional investors from the Nordics, Continental Europe, the UK, Israel, Asia, Australia, and North America and multi-lateral organizations e.g. EIB.
CIP was founded in 2012 by senior executives from the energy industry in cooperation with PensionDanmark. CIP has approximately 250 employees and offices in Copenhagen, Hamburg, New York, Tokyo, Utrecht, and London.
For further information, visit www.cip.dk
AVANGRID
Susan Millerick
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959.245.4816
Copenhagen Infrastructure Partners
Kelly Bork
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+45 70 70 51 51
BELOIT, Wis.--(BUSINESS WIRE)--#OEM--Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, expanded its leadership team with two new executives: Crystal Brent and Chancelor Wyatt.
Crystal Brent joins the company as Vice President of Marketing. She will leverage more than a decade of marine-related marketing experience to direct and guide marketing strategies for Fairbanks Morse Defense and each of its divisions. Previously, Brent served in various marketing roles with Rolls-Royce Marine Services and most recently served as Chief Marketing Officer for the hospital ship healthcare charity, Mercy Ships Canada. Brent will be working remotely from Toronto, Canada.
Chancelor Wyatt joins FMD as Vice President and General Manager of Ward Leonard and will oversee daily operations of the division from Thomaston, Conn. Wyatt brings more than 20 years of experience as a strategic business executive for the industrial and commercial markets. Before joining the Ward Leonard division, Wyatt served as a business unit leader for ITW/Miller Electric, an arc welding and cutting equipment manufacturing company. He also served as the Portfolio Head of Marketing and Business Development at Ansell, a leading manufacturing firm in Iselin, NJ.
“There has never been a more dynamic time to be part of the Fairbanks Morse Defense team as we rapidly expand our capabilities and solidify our position as a leading single-supplier for marine defense,” said FMD CEO George Whittier. “Crystal’s background in marine marketing and Chancelor’s expertise in managing operations for the industrial and commercial sectors are exactly the skills we need to guide us through the next phase of growth. We welcome both of these seasoned executives to Fairbanks Morse Defense.”
About Fairbanks Morse Defense
Fairbanks Morse Defense (FMD) is the leading provider of the highest value equipment for naval defense customers. For more than 100 years, FMD has been a principal supplier of reliable power systems, parts, and aftermarket services to the U.S. Navy, U.S. Coast Guard, Military Sealift Command, and the Canadian Coast Guard. Through its six strategically located service centers and a robust aftermarket team, FMD is able to provide round-the-clock field service and parts support. Additionally, its suite of full lifecycle solutions extends asset life and enables it to run more efficiently. With a growing portfolio of companies under the FMD brand, the company continues to integrate these mission-critical products and innovative service solutions to power marine defense. FMD, a portfolio company of Arcline Investment Management, is based in Beloit, Wisconsin.
Learn more about FMD by visiting www.FairbanksMorseDefense.com.
Mercom Capital Group
Michelle Hargis
1.512.215.4452
www.mercomcapital.com
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