KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (NYSE: KSU) (“KCS”) today announced that the KCS Board of Directors determined that CP’s revised proposal constitutes a “Company Superior Proposal” as defined in KCS’s merger agreement with Canadian National Railway Company (TSX: CNR, NYSE: CNI) (“CN”). The KCS Board of Directors made this determination after consultation with the Company’s outside legal and financial advisors.
Under the terms of CP’s proposal, each share of KCS common stock would be exchanged for 2.884 CP common shares and $90 in cash. In addition, holders of KCS preferred stock would receive $37.50 in cash for each share of KCS preferred stock held. The proposal is binding on CP and may be accepted by KCS at any time prior to 5:00 pm EDT on Monday, September 20, 2021. The transaction would be subject to approval by the stockholders of CP and KCS, receipt of regulatory approvals and other customary closing conditions.
KCS has notified CN that it intends to terminate KCS’s merger agreement with CN and enter into the definitive agreement with CP, subject to CN’s right to negotiate amendments to the merger agreement for at least five business days and the KCS Board’s further determination as to whether any such amendments would cause the CP proposal no longer to constitute a “Company Superior Proposal.”
BofA Securities and Morgan Stanley & Co. LLC are serving as financial advisors to Kansas City Southern. Wachtell, Lipton, Rosen & Katz, Baker & Miller PLLC, Davies Ward Phillips & Vineberg LLP, WilmerHale, and White & Case, S.C. are serving as legal counsel to Kansas City Southern.
About Kansas City Southern
Headquartered in Kansas City, Mo., Kansas City Southern (KCS) (NYSE: KSU) is a transportation holding company that has railroad investments in the U.S., Mexico and Panama. Its primary U.S. holding is The Kansas City Southern Railway Company, serving the central and south central U.S. Its international holdings include Kansas City Southern de Mexico, S.A. de C.V., serving northeastern and central Mexico and the port cities of Lázaro Cárdenas, Tampico and Veracruz, and a 50 percent interest in Panama Canal Railway Company, providing ocean-to-ocean freight and passenger service along the Panama Canal. KCS' North American rail holdings and strategic alliances with other North American rail partners are primary components of a unique railway system, linking the commercial and industrial centers of the U.S., Mexico and Canada. More information about KCS can be found at www.kcsouthern.com
Media
C. Doniele Carlson
KCS Corporate Communications & Community Affairs
(816) 983-1372
This email address is being protected from spambots. You need JavaScript enabled to view it.
Joele Frank, Wilkinson Brimmer Katcher
Tim Lynch / Ed Trissel
(212) 355-4449
Investment Community
Ashley Thorne
Vice President
Investor Relations
(816) 983-1530
This email address is being protected from spambots. You need JavaScript enabled to view it.
MacKenzie Partners, Inc.
Dan Burch / Laurie Connell
(212) 929-5748 / (212) 378-7071
This email address is being protected from spambots. You need JavaScript enabled to view it.
This email address is being protected from spambots. You need JavaScript enabled to view it.
$1.7 million contract with leading UK defence contractor for G7 EXOs
CALGARY, Canada--(BUSINESS WIRE)--$BLN #TSX--Blackline Safety Corp. (TSX: BLN), a global leader of gas detection and connected safety solutions, today announced the close of a $1.7 million contract with a leading defence contractor in the United Kingdom.
The contract involves the purchase of G7 EXO area monitors for gas detection, ideal for rapid deployment and long-term monitoring of industrial workspaces. The area monitor’s durable design and long battery life were key factors in the buyer selecting Blackline Safety’s G7 EXO.
This new order follows the same customer’s initial $0.5 million order in October 2020, demonstrating a successful customer experience. More recently, the current contract comes on the heels of Blackline Safety’s largest order of portable area gas monitors from a Houston-based turnaround services provider.
“We’re seeing a significant increase in large orders, signaling that major projects are gaining momentum and our customers are returning to more normal business operations,” said Cody Slater, CEO and Chair for Blackline Safety. “Along with this positive change, we’re also encouraged to see existing customers expand their deployment after experiencing the benefits of protecting their workforce with our products and services.”
Blackline Safety’s G7 EXO is the world’s first direct-to-cloud connected area monitors with integrated 4G communications and deliver unmatched connectivity and visibility into an entire worksite. Supported by advanced analytical capabilities to ensure real-time compliance, comprehensive safety monitoring and the detection of up to five different gas types in even the most rugged of conditions, the award-winning G7 EXO offers industry-leading protection to workers and facilities.
For more information about Blackline Safety’s G7 EXO, visit blacklinesafety.com/g7-exo.
About Blackline Safety
Blackline Safety is a global connected safety leader that helps to ensure every worker gets their job done and returns home safely each day. Blackline provides wearable safety technology, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and increase productivity of organizations with coverage in more than 100 countries. Blackline Safety wearables provide a lifeline to tens of thousands of men and women, having reported over 155 billion data-points and initiated over five million emergency responses. Armed with cellular and satellite connectivity, we ensure that help is never too far away. For more information, visit www.BlacklineSafety.com and connect with us on Facebook, Twitter, LinkedIn and Instagram.
MEDIA CONTACT
Blackline Safety
Christine Gillies, CMO
This email address is being protected from spambots. You need JavaScript enabled to view it.
+1 403-629-9434
DALLAS--(BUSINESS WIRE)--Amen Properties, Inc. (Pink Sheets: AMEN) today announced financial results for its fiscal quarter ended June 30, 2021. The Company posted quarterly revenue of $621 thousand and net income of $471 thousand. These results compare to revenue of $20 thousand and net income of $(108) thousand for the same quarter last year. The Company’s improvement in profitability was caused primarily by increased oil and gas revenue resulting from improved market conditions versus 2020 when the pandemic dramatically decreased demand.
Amen also announced that the Company’s Board of Directors has approved the payment of a quarterly dividend of $7.50 per share, to be paid on September 30, 2021, to shareholders of record as of the close of business on September 23, 2021.
Finally, Amen reiterated that its Board has approved a plan whereby the Company will no longer hedge the revenue stream associated with its oil and gas royalties. “Shareholders of Amen need to understand that they hold an un-hedged long oil and gas position and should pursue their own hedging strategy if they are uncomfortable with that risk,” said Kris Oliver, Amen’s Chief Financial Officer.
The Company’s 2021 second quarter report is available for viewing or download from the company’s web site – www.amenproperties.com.
About Amen Properties:
Amen Properties owns a portfolio of cash-producing properties including real estate and oil and gas interests.
Cautionary Statement:
This document contains forward-looking statements, which involve a number of risks and uncertainties that could cause our actual results to differ materially from those reflected in the forward-looking statements. Forward-looking statements can be identified by use of the words "expect," "project," "may," "might," potential," and similar terms. AMEN Properties, Inc. ("Amen", "we" or the "Company") cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Amen's control. These factors include, but are not limited to, our ability to implement our strategic initiatives, economic, political and market conditions and price fluctuations, government and industry regulation, U.S. and global competition and other factors. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
Press and Investor Relations Contact:
Kris Oliver
(972) 999-0494
WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) today announced Interim General Counsel and Corporate Secretary Richard Reich has been promoted to Senior Vice President and General Counsel. In this position, Mr. Reich is responsible for leading NJR’s legal department, developing and directing the corporate legal function and overseeing corporate compliance. He will also continue to serve in the Corporate Secretary role until a replacement is selected.
“Rich is an exceptional corporate attorney, who will serve our company well as Senior Vice President and General Counsel,” said Steve Westhoven, President and CEO of New Jersey Resources. “Throughout his tenure at NJR, he’s proven himself to be a strong and capable leader and a valued member of our team. I am confident he will continue to play a key role in our success as we continue to grow our business, execute our sustainability strategy and meet our customers’ expectations.”
Mr. Reich joined NJR in 2006 as Associate General Counsel, where he focused on securities law and other corporate legal matters. In 2016, he was promoted to Corporate Secretary and Assistant General Counsel with responsibility for the oversight of the company’s corporate governance. He was named Interim General Counsel in May 2021.
Prior to NJR, he served as an associate attorney at Milbank, Tweed, Hadley & McCloy LLP and Troutman Sanders LLP, where he practiced in the areas of finance, securities and general corporate law.
Mr. Reich graduated magna cum laude from New York University with a bachelor of science degree in politics and received his juris doctor degree from New York University School of Law. He is a member of the Association of Corporate Counsel and the Society of Corporate Secretaries and Governance Professionals.
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:
NJR and its nearly 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 Contact:
Michael Kinney
732-938-1031
This email address is being protected from spambots. You need JavaScript enabled to view it.
Investor Contact:
Dennis Puma
732-938-1229
This email address is being protected from spambots. You need JavaScript enabled to view it.
OVERLAND PARK, Kan.--(BUSINESS WIRE)--Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ) today declared the September monthly distribution of $0.06 per share payable on September 30, 2021, to shareholders of record on September 23, 2021.
Additionally, Ecofin Sustainable and Social Impact Term Fund (NYSE: TEAF) provides an update on the fund’s direct investments, portfolio asset allocation, structure types and impact statistics as of August 31, 2021, on the company website here. On a monthly basis, details on each private deal that has taken place over the prior month will be published here. The list includes all deals completed since the fund’s inception through August 31, 2021. Updates will continue to be posted on a monthly basis until the fund reaches its target of 60% direct investments.
You should not draw any conclusions about TPZ’s investment performance from the amount of this distribution or from the terms of TPZ’s distribution policy.
TPZ estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of the distribution may be return of capital. A return of capital may occur, for example, when some or all of the money that you invested in TPZ is paid back to you. A return of capital distribution does not necessarily reflect TPZ’s investment performance and should not be confused with “yield” or “income.”
TPZ will report the sources for its distributions at the time of the payment in the applicable Section 19(a) Notice. The amounts and sources of distributions TPZ reports are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon TPZ’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. TPZ will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
Tortoise Capital Advisors, L.L.C. (also dba TCA Advisors) (“TCA”) is the adviser to Tortoise Power and Energy Infrastructure Fund, Inc. and Ecofin Sustainable and Social Impact Term Fund. Ecofin Advisors Limited is a sub-adviser to Ecofin Sustainable and Social Impact Term Fund.
For additional information on these funds, please visit cef.tortoiseecofin.com.
About TortoiseEcofin
TortoiseEcofin focuses on essential assets – those assets and services that are indispensable to the economy and society. We strive to make a positive impact on clients and communities by investing in energy infrastructure and the transition to cleaner energy and by providing capital for social impact projects focused on education and senior living. TortoiseEcofin brings together strong legacies from Tortoise, with expertise investing across the energy value chain for more than 20 years, and from Ecofin, which unites ecology and finance and has roots back to the early 1990s. For additional information, please visit www.TortoiseEcofin.com.
Safe harbor statement
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain statements that may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the funds and TCA believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the fund’s reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the funds and TCA do not assume a duty to update this forward-looking statement.
Maggie Zastrow
(913) 981-1020
This email address is being protected from spambots. You need JavaScript enabled to view it.
ROCKVILLE, Md.--(BUSINESS WIRE)--#AmericanJobs--On September 9, Standard Solar Inc., a national leader in commercial and community solar asset development, and the Solar Energy Industries Association, the preeminent trade association for the solar industry, hosted U.S. Senators Chris Van Hollen and Ben Cardin and other government and industry leaders for a site visit and guided tour of the Shepherds Mill Community Solar Project in Union Bridge, MD.
Standard Solar funded the community solar farm and is the project’s long-term owner and operator. OGOS and Earth and Air Technologies developed it and subscriptions are managed by Neighborhood Sun Benefit Company.
“Community solar projects like Shepherds Mill, with their ability to impact significant segments of the population through job creation and the lowering of their carbon footprint, have become more and more important over the years,” said Rick Berube, Chief Operating Officer of Standard Solar. “In this time when our federal government is working to pass groundbreaking legislation that will strengthen solar policies and grow a clean energy economy, renewable energy assets that bring solar to people who might not otherwise have access to it are vital.”
“We need even more smart and focused investments in our infrastructure that respond to real needs and reap broad benefits for our workers, businesses, and the public at large. Strategic development of solar electricity production can help meet electricity demands and combat climate change – an imperative we must immediately confront,” said U.S. Senator Ben Cardin, Chair of the Environment and Public Works Subcommittee on Transportation and Infrastructure. “I appreciated the opportunity to see cutting-edge technology at work at the Standard Solar facility in Union Bridge and applaud the company’s role in helping to power Maryland’s electricity grid and innovation economy.”
“Investing in renewable energy sources like solar will not only help us tackle the threats of climate change but will also create clean energy jobs and boost Maryland’s economy. The Shepherds Mill Community Solar Project will also help participants save up to 30% on their electric bills. I will continue working at the federal level to support solar development projects to incentivize renewable energy use, reduce costs to consumers, and bring more opportunity to Marylanders,” said Senator Van Hollen.
“As we advocate for transformative solar and climate policy in Washington, it’s important that we are intentional and build a clean energy economy that uplifts every community with quality jobs, local investment, and cleaner, more reliable electricity,” said Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association (SEIA). “The economic, health and resiliency benefits of solar energy have to be made accessible to all Americans, and we’re urging Congress to make sure that happens in the infrastructure legislation.”
The Shepherds Mill Community Solar Project is a 2.8 MW ground-mount solar array with 7,182 solar modules located on approximately 11 acres of land. It produces 4,000,000 kilowatt hours of electricity each year and brings the power and savings of solar to hundreds of area subscribers.
A number of renewable energy policy initiatives are being considered as part of the historic Build Back Better infrastructure package such as expanded funding for permitting, a long-term extension of the solar Investment Tax Credit with an option for direct pay, increased job training and investments in grid modernization.
As a large-sized generation system helping to fuel the growth of the nation’s renewable energy infrastructure, the Shepherds Mill Community Solar Project plays a critical role in both Maryland’s burgeoning community solar market and America’s effort to reach 100% clean energy by 2035.
The project received grant funding from the Maryland Energy Administration’s (MEA) FY20 Community Solar LMI PPA Incentive Grant Program (LMI-PPA Program) designed to help extend the benefits of community solar projects to members of the Low and Moderate Income (LMI) community. LMI subscribers are guaranteed additional discounts on the community solar portion of their electric bill. All other residential customers are guaranteed to save 10% annually by switching to community solar power.
This project in Maryland – and more in the state that are currently operating, approved for design and in-construction – join Standard Solar’s 150+ MW of community solar projects funded and operating with partners around the United States.
About Standard Solar
Standard Solar is powering the nation’s energy transformation – channeling its project development capabilities, financial strength and technical expertise to deliver the benefits of solar, as well as solar + storage, to businesses, institutions, farms, governments, communities and utilities. Building on 17 years of sustainable growth and in-house and tax equity investment capital, Standard Solar is a national leader in the development, funding and long-term ownership and operation of commercial and community solar assets. Recognized as an established financial partner with immediate, deep resources, the company owns and operates more than 200 megawatts of solar across the United States. Standard Solar is based in Rockville, Md. Learn more at standardsolar.com, LinkedIn and Twitter: @StandardSolar.
About SEIA
The Solar Energy Industries Association® (SEIA) is leading the transformation to a clean energy economy, creating the framework for solar to achieve 20% of U.S. electricity generation by 2030. SEIA works with its 1,000 member companies and other strategic partners to fight for policies that create jobs in every community and shape fair market rules that promote competition and the growth of reliable, low-cost solar power. Founded in 1974, SEIA is the national trade association for the solar and solar + storage industries, building a comprehensive vision for the Solar+ Decade through research, education and advocacy. Visit SEIA online at www.seia.org and follow @SEIA on Twitter, LinkedIn and Instagram.
PR Contact:
Leah Wilkinson
Wilkinson + Associates
703-907-0010
This email address is being protected from spambots. You need JavaScript enabled to view it.
OVERLAND PARK, Kan.--(BUSINESS WIRE)--TortoiseEcofin today announced upcoming additions and deletions to its indices as part of its regular quarterly rebalancing for the third quarter of 2021. Following the close of trading on September 17, 2021, the indices will be rebalanced and as a result, the following changes will become effective.
Tortoise MLP Index® |
||
(TMLP/TMLPT) |
||
Action |
Company |
Ticker |
Deletion |
Hoegh LNG Partners LP |
HMLP |
Tortoise North American Pipeline IndexSM |
||
(TNAP/TNAPT) |
||
Action |
Company |
Ticker |
Addition |
DT Midstream Inc. |
DTM |
Ecofin Global Water ESG Index SM |
||
(EGWESG/EGWESGT) |
||
Action |
Company |
Ticker |
Deletion |
Cia de Saneamento Basico do Estado de Sao Paulo |
SBS |
Ecofin Global Digital Payments Infrastructure Index SM |
||
(TPMT/TPAYMENT) |
||
Action |
Company |
Ticker |
Deletion |
Splitit Ltd |
SPT AU |
Full constituent lists for each index from the second quarter rebalance can be found here:
Tortoise MLP Index® (TMLP):
https://tortoiseecofin.com/media/1528/tmlp-constituent-overview-61821.pdf
Tortoise North American Pipeline IndexSM (TNAP):
https://tortoiseecofin.com/media/1530/tnap-constituent-overview-61821.pdf
Ecofin Global Water ESG Index SM (EGWESG):
https://tortoiseecofin.com/media/1260/egwesg-constituent-overview-61821.pdf
Ecofin Global Digital Payments Infrastructure Index SM (TPMT):
https://tortoiseecofin.com/media/1539/tpmt-constituent-overview-61821.pdf
About TortoiseEcofin
TortoiseEcofin focuses on essential assets – those assets and services that are indispensable to the economy and society. We strive to make a positive impact on clients and communities by investing in energy infrastructure and the transition to cleaner energy and by providing capital for social impact projects focused on education and senior living. TortoiseEcofin brings together strong legacies from Tortoise, with expertise investing across the energy value chain for more than 20 years, and from Ecofin, which unites ecology and finance and has roots back to the early 1990s. To learn more, visit www.TortoiseEcofin.com.
The Tortoise MLP Index® is a float-adjusted, capitalization weighted index of energy master limited partnerships (MLPs). The index is comprised of publicly traded companies organized in the form of limited partnerships or limited liability companies engaged in transportation, production, processing and/or storage of energy commodities.
The Tortoise North American Pipeline IndexSM is a float-adjusted, capitalization weighted index of pipeline companies that are organized and have their principal place of business in the United States or Canada. A pipeline company is defined as a company that either 1) has been assigned a standard industrial classification (“SIC”) system code that indicates the company operates in the energy pipeline industry or 2) has at least 50% of its assets, cash flow or revenue associated with the operation or ownership of energy pipelines. Pipeline companies engage in the business of transporting natural gas, crude oil and refined products, storing, gathering and processing such gas, oil and products and local gas distribution. The index includes pipeline companies structured as corporations, limited liability companies and master limited partnerships (MLPs).
The Ecofin Global Water ESG IndexSM is a proprietary, rules-based, modified capitalization-weighted, float-adjusted index comprised of companies that are materially engaged in the water infrastructure or water management industries.
The indices mentioned above are the exclusive property of TIS Advisors, which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) to calculate and maintain the Tortoise MLP Index®, Tortoise North American Pipeline IndexSM,and Ecofin Global Water ESG IndexSM (the “Indices”). The Indices are not sponsored by S&P Dow Jones Indices or its affiliates or its third party licensors (collectively, “S&P Dow Jones Indices”). S&P Dow Jones Indices will not be liable for any errors or omissions in calculating the Indices. “Calculated by S&P Dow Jones Indices” and its related stylized mark(s) are service marks of S&P Dow Jones Indices and have been licensed for use by TIS Advisors and its affiliates. S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“SPFS”), and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”).
The Ecofin Global Digital Payments Infrastructure IndexSM represents the existing global digital payments landscape. It is a proprietary, rules-based, modified market capitalization-weighted, float-adjusted index comprised of companies that are materially engaged in digital payments, including merchant processing and settlement, real time record keeping, settlement networks, and Fintech products/ services that facilitate the ease, efficiency, and speed of electronic transactions. This includes companies whose primary business is comprised of one or a combination of the following categories: credit card networks, electronic transaction processing and associated products/services, credit card issuers, electronic transaction processing software (payments Fintech) or online financial services market places.
This index mentioned above is the exclusive property of TIS Advisors and is calculated by Solactive AG (“Solactive”). The financial instruments that are based on the Index are not sponsored, endorsed, promoted or sold by Solactive AG (“Solactive”) in any way and Solactive makes no express or implied representation, guarantee or assurance with regard to: (a) the advisability in investing in the financial instruments; (b) the quality, accuracy and/or the completeness of the Index or the calculations thereof; and/or (c) the results obtained or to be obtained by any person or entity from the use of the Index.
This data is provided for informational purposes only and is not intended for trading purposes. This document shall not constitute an offering of any security, product or service. The addition, removal or inclusion of a security in the index is not a recommendation to buy, sell or hold that security, nor is it investment advice. The information contained in this document is current as of the publication date. TortoiseEcofin makes no representations with respect to the accuracy or completeness of these materials and will not accept responsibility for damages, direct or indirect, resulting from an error or omission in this document. The methodology involves rebalancing and maintenance of the index that is made periodically during each year and may not, therefore, reflect real time information.
Safe Harbor Statement
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.
For more information contact Maggie Zastrow at (913) 981-1020 or This email address is being protected from spambots. You need JavaScript enabled to view it.
BALTIMORE--(BUSINESS WIRE)--The Potomac Edison Company (PE), Baltimore Gas and Electric Company (BGE), Delmarva Power, and Pepco have issued Requests for Proposals (RFPs) for full-requirements, wholesale electric power supply to meet their Standard Offer Service (SOS) obligations in their Maryland service territories.
Each utility will provide market-based supply service to some or all of its electric customers who do not take service from competitive retail suppliers. The RFPs will consist of supply contracts ranging in term from three to twenty-four months. For BGE, Delmarva Power, and Pepco, the bidding for Residential contracts will occur in two procurements – October 2021 and April 2022, and the contract term will be twenty-four months. For PE, the bidding for Residential contracts will occur in four procurements – October 2021, January, April, and June 2022, and the contract term will range from twelve to twenty-four months. For BGE and PE, the bidding for small commercial Type I contracts will occur in two procurements – October 2021 and April 2022, and the contract term will be twenty-four months. For Delmarva Power and Pepco, the bidding for small commercial Type I, is combined with Residential contracts and will occur in two procurements – October 2021 and April 2022, and the contract term will be for twenty-four months. For all the Maryland Utilities, the bidding for larger commercial Type II contracts will be for three-month term contracts and will occur quarterly. The quarterly procurements will occur in October 2021, January, April and June 2022. Further details regarding the procurement schedule, including the bid due dates for this multi-procurement process can be found in the RFP documents. The four utilities will concurrently conduct their bidding processes under uniform rules and timetables.
The utilities are requesting proposals totaling approximately 3,990 megawatts (MW), including:
A joint-utility pre-bid webinar will be held on Sept. 21, 2021, at 1:00 p.m. EDT. The webinar will review the general RFP structure and process, the specific utility bid plans, and the power supply contract.
Additional details regarding the RFPs, the pre-bid webinar, and utility contact information can be found by visiting any of the following utility RFP websites:
PE |
||||
BGE |
||||
Delmarva Power |
||||
Pepco |
POTOMAC EDISON: 888-233-3583
BGE: Richard Yost, 410-470-7433
DELMARVA POWER: 866-655-2237
PEPCO: 202-872-2680
SEATTLE--(BUSINESS WIRE)--i(x) investments (“i(x)” or the “Company”), a permanently capitalized holding company focused on the Energy Transition and Sustainability in the Built Environment (“SIBE”), is delighted to announce that A.P. Moller – Maersk (“Maersk”) has agreed to acquire a minority stake in i(x)’s key holding company, WasteFuel Global LLC (“WasteFuel”), which produces renewable fuels using proven technologies to address the climate emergency and revolutionize mobility. The announcement by Maersk also highlights the opportunity for a long-term offtake agreement to supply green bio-methanol at scale for its new fleet of “green” container ships.
The Maersk investment is an important and high-profile endorsement of i(x) investments’ strategy to create long-term enterprise value in combination with positive, measurable environmental and social impact. i(x) invests catalytic capital and deploys strategic resources to enable its holdings to achieve growth at scale.
i(x) investments is led by an executive team with broad and deep experience within the finance industry, including private equity, venture capital, growth capital, real estate and capital markets. CEO Steve Oyer, formerly of Lazard and Brookfield, is supported by private equity and global special situations specialist, Pär Lindström, CIO, and former Macquarie Senior VP, Marc Chennault as CFO. Nick Hurd, former UK Government Minister and Convenor of the Climate Change working group of the Conservative Party's Quality of Life Policy Group, is Non-Executive Chairman.
In addition to WasteFuel, i(x)’s holdings include Enphys (renewable power) and Carbon Engineering (carbon to value) and sustainable real estate firms, MultiGreen Properties and Sustainable Living Innovations.
WasteFuel, which is currently i(x)’s largest holding, is focused on converting municipal (trash) and agricultural waste into low-carbon fuels, renewable natural gas, and green methanol. WasteFuel’s first project, which is to convert waste into sustainable aviation fuel, is under development in Manila, Philippines. Maersk’s acquisition of a minority stake in WasteFuel reflects the shipping giant’s stated commitment to decarbonize its fleet: it recently announced a US$1.4 billion investment in methanol-fueled ships and has committed to being carbon neutral by 2050.
Steve Oyer, CEO of i(x) investments, said:
“From our perspective, we see capital, when deployed intentionally, having the power to improve the sustainability of our planet and the communities in which we live. Our mission is to utilise our shareholders’ capital, our collective experience and sphere of influence as a catalyst to help solve the intractable problems of climate change through proven technology and new industrial-scale businesses.
“The greatest challenges facing our world also create the greatest opportunities for entrepreneurs and investors. i(x) investments was founded on this principle with the aim of providing top-tier, risk-adjusted returns with measurable impact that align with the values and mission of our stakeholders.
“WasteFuel’s new relationship with Maersk is a significant endorsement of the quality of our holdings and our strategy. We all congratulate Trevor Neilson, i(x)’s Co-founder and former CEO and Chairman, and his team for this important milestone.”
Trevor Neilson, Co-founder, Chairman and CEO of WasteFuel, said:
“We are delighted to be entering into this partnership with Maersk and to be working with them to help achieve their goal of a fully net zero fleet by 2050.
“WasteFuel is a firm believer in the power of technology to solve the challenges presented by climate change. We are grateful for the early investment and continued support from i(x) investments, without which there would be no WasteFuel.”
About i(x) investments
Founded in 2015, i(x) investments is a permanently capitalized holding company for investors who want to create long-term enterprise value in combination with positive, measurable social impact. i(x) believes the world’s biggest problems are also the biggest market opportunities and invests in areas of human need. i(x)’s current holdings focus on the Energy Transition and Sustainability in the Built Environment. The company uses a multi-strategy investment approach throughout the entire capital structure.
For more information on i(x) investments, please visit https://www.ix-investments.com/ or email This email address is being protected from spambots. You need JavaScript enabled to view it..
For more information on WasteFuel, please visit https://www.WasteFuel.com/ or email This email address is being protected from spambots. You need JavaScript enabled to view it..
ANN ARBOR, Mich.--(BUSINESS WIRE)--The Coretec Group, Inc. (OTCQB: CRTG) (the “Company”), is pleased to announce that it will be presenting at the H.C. Wainwright Annual Global Investment Conference being held virtually September 13-15, 2021.
Matthew Kappers, CEO of The Coretec Group, will provide an overview of the Company's business via a video presentation and will be available to participate in one-on-one meetings with investors who are registered to attend the conference. Matthew Kappers said, “the Wainwright team is a valued partner of The Coretec Group and we’re glad to be part of their Global Investment Conference.”
If you are an institutional investor, and would like to attend the Company’s presentation, click on the following link (www.hcwevents.com) to register. Once your registration is confirmed, you will be prompted to log into the conference website to request a one-on-one meeting with the Company.
About H.C. Wainwright & Co.
H.C. Wainwright is a full‐service investment bank dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. H.C. Wainwright & Co. also provides research and sales and trading services to institutional investors.
About The Coretec Group
The Coretec Group, Inc. is developing a portfolio of engineered silicon to improve energy-focused verticals, including electric vehicle and consumer batteries, solid-state lighting (LEDs), and semiconductors, as well as 3D volumetric displays and printable electronics. The Coretec Group serves the global technology markets in energy, electronics, semiconductor, solar, health, environment, and security.
For more information, please visit www.thecoretecgroup.com and follow The Coretec Group on Twitter and LinkedIn.
Forward-Looking Statements
The statements in this press release that relate to The Coretec Group’s expectations with regard to the future impact on the Company’s results from operations are forward-looking statements, and may involve risks and uncertainties, some of which are beyond our control. Such risks and uncertainties are described in greater detail in our filings with the U.S. Securities and Exchange Commission. Since the information in this press release may contain statements that involve risk and uncertainties and are subject to change at any time, the Company’s actual results may differ materially from expected results. We make no commitment to disclose any subsequent revisions to forward-looking statements. This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity.
Corporate contact:
The Coretec Group, Inc.
Lindsay McCarthy
This email address is being protected from spambots. You need JavaScript enabled to view it.
+1 (866) 916-0833
Media contact:
The Coretec Group, Inc.
Allison L. Gabrys
This email address is being protected from spambots. You need JavaScript enabled to view it.
+1 (866) 916-0833
DUBLIN--(BUSINESS WIRE)--The "Container Fleet Market Research Report by Type, by Region - Global Forecast to 2026 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.
The Global Container Fleet Market size was estimated at USD 19.69 Billion in 2020 and expected to reach USD 21.61 Billion in 2021, at a Compound Annual Growth Rate (CAGR) 10.11% to reach USD 35.10 Billion by 2026.
Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix evaluates and categorizes the vendors in the Container Fleet Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
Company Usability Profiles:
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Container Fleet Market, including China Ocean Shipping Company, CMA CGM, Evergreen Marine Corporation (Taiwan) Ltd., Hapag Lloyd, Hyundai Merchant Marine Co. Ltd., Kawasaki Kisen Kaisha Ltd., Maersk Line, Mediterranean Shipping Corporation S.A., Mitsui O.S.K. Lines, Ltd, and Westfal-Larsen Shipping A/S.
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Global Container Fleet Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Container Fleet Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Container Fleet Market?
4. What is the competitive strategic window for opportunities in the Global Container Fleet Market?
5. What are the technology trends and regulatory frameworks in the Global Container Fleet Market?
6. What is the market share of the leading vendors in the Global Container Fleet Market?
7. What modes and strategic moves are considered suitable for entering the Global Container Fleet Market?
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/he827m
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Longevity’s US operations are spearheaded by rapidly growing teams in Austin, New York and San Francisco
AUSTIN, Texas--(BUSINESS WIRE)--Longevity Partners, the global, multi-disciplinary energy and sustainability consultancy, today announces the appointment of its new global Chief Commercial Officer, Louise Ellison and the expansion of its Business Development team, in a move to meet increased client demand as businesses transition to a low carbon economy.
Chair of the Better Buildings Partnership for eight years, chair of the EPRA Sustainability Committee and following previous roles at Hammerson, Quintain and Investment Property Forum, Louise is a beacon in the world of sustainability and will be paramount to Longevity Partners’ continued expansion. Louise’s appointment exemplifies Longevity Partners’ ongoing commitment to provide their clients with an industry-leading service.
Commenting on the company’s growth and Louise’s appointment, Etienne Cadestin, founder and CEO of Longevity Partners says:
“Louise’s appointment comes at a crucial time for the property industry which still has a long way to go to meet its net-zero targets. I very much look forward to working alongside Louise, who will be able to develop bespoke programmes for our partners to achieve their current and future ESG and climate goals. As a member of the executive team, she will remain on the board of Longevity Partners and will provide invaluable insight.
“As society and business continue to transition to a low carbon economy, Longevity Partners will keep creating green jobs and attracting the most talented ESG professionals to respond to our growing client requirements. We have the expertise and instruments to educate, advise and implement net zero carbon programmes and we’re crafting the manpower to deliver it on the ground at scale.”
Commenting on her new role at Longevity Partners, Louise Ellison, newly appointed CCO of Longevity Partners says:
“I am delighted to be joining Longevity Partners in October. Having seen the business grow so rapidly, I am very much looking forward to working with the team and supporting the sustainability ambitions of such a rich array of interesting clients. There is much our sector can contribute in the battle against climate change and I am excited to be part of a business driving this change.”
In the last 18 months, Longevity Partners has quadrupled its workforce, with plans to double its 98 strong employee roster globally over the next year. Longevity entered the US market late last year, where the firm is focused on delivering multiple building certifications for in-use and new construction assets that are highly likely to achieve 'excellent' scores. With headquarters in Austin, Texas and satellite offices in New York and San Francisco, the firm is poised to deploy its full suite of services for asset managers across the country. Service lines run the gamut in the transition to net zero from carbon footprinting to portfolio asset management to data management and reporting and electric vehicle feasibility studies.
In June of this year, Longevity Partners announced the launch of its new clean energy solutions spin-off company, Longevity Power, which works in tandem with the company to offer a ‘one-stop-shop’ to advise and then deliver net zero carbon commitments to businesses.
For more information about Longevity Partners, please visit www.longevity.com.
About Longevity Partners
Operating in 38 countries for more than 100 institutional investors across all asset classes, Longevity Partners provides all services required to future-proof property investment portfolios. From carbon foot-printing to climate risk and ESG strategy development and implementation, our experts provide all the tools to respond to ESG performance requirements from pension funds and asset owners. Longevity works hand-in-hand with real estate owners to position their assets for the demands of tomorrow, while improving the well-being of users and net operating income today
The company advises on anticipated legislation and designates achievable benchmarks for companies to improve ESG and outperform their competitors. Asset managers must be aware of how they can optimise their assets’ resiliency to extreme weather events, better manage regulatory risks and improve the quality of their products over time to respond to client demand.
For further information, please visit www.longevity.com.
Victoria Shannon
August PR
This email address is being protected from spambots. You need JavaScript enabled to view it.
631.525.3394
DUBLIN--(BUSINESS WIRE)--The "Wind Power - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Wind Power Market to Reach 69.7 Thousand Megawatts by 2027
Amid the COVID-19 crisis, the global market for Wind Power estimated at 58.3 Thousand Megawatts in the year 2020, is projected to reach a revised size of 69.7 Thousand Megawatts by 2027, growing at a CAGR of 2.6% over the period 2020-2027.
The U.S. Market is Estimated at 15.8 Thousand Megawatts, While China is Forecast to Grow at 4.8% CAGR
The Wind Power market in the U.S. is estimated at 15.8 Thousand Megawatts in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 14 Thousand Megawatts by the year 2027 trailing a CAGR of 4.8% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.6% and 1.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.2% CAGR.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
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/ago3cd
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Brookville Smart Energy Bus Depot supports the sustainability, electrification, and climate resilience goals of Montgomery County, Maryland
SILVER SPRING, Md.--(BUSINESS WIRE)--AlphaStruxure, a leader in Energy as a Service (EaaS) solutions, today announced it will begin construction on the Brookville Smart Energy Bus Depot, an integrated microgrid and electric bus charging infrastructure project in Montgomery County, Maryland. The Brookville Smart Energy Bus Depot will be built and operational by mid 2022, supporting 44 electric buses within Ride On Montgomery County’s public transit fleet by 2023.
Montgomery County leveraged its progressive energy purchasing regulations to create a public-private partnership with AlphaStruxure, which was announced in May 2021. AlphaStruxure, a joint venture of Schneider Electric and the Carlyle Global Infrastructure Opportunity Fund, will design, build, finance, own and operate the project, providing a holistic solution for large-scale fleet electrification. The microgrid and charging infrastructure will be delivered at no upfront cost to the County through an EaaS contract, a long-term agreement ensuring predictable operating expenses and guaranteed performance for sustainability, resilience, and reliability.
“Decarbonizing the transportation sector is critical to mitigating climate change, making fleet electrification an utmost priority for local governments and transit agencies. But the transition to zero-emission fleets is not without its challenges,” said Juan Macias, CEO of AlphaStruxure. “With AlphaStruxure, fleet owners and operators have a trusted partner in realizing their electrification, sustainability and resilience goals with The Carlyle Group's comprehensive financial capabilities and Schneider Electric's leading distributed energy and digital automation technology.”
Montgomery County is committed to sustainability leadership and improving resilience to climate change, after experiencing extreme weather events and extended power outages in the recent past. Statewide, Maryland is working towards a 50 percent zero-emission bus fleet by 2030. The Brookville Smart Energy Bus Depot is aligned with the County’s priorities to reduce emissions from public transportation while enhancing the resilience of the community and infrastructure assets.
“The Brookville Smart Energy Bus Depot project falls in line with our ambitious climate action plan to reduce all carbon emissions by 2035,” said County Executive Marc Elrich. “This bus depot is one component of many County projects that is making a difference for our environment such as converting our fleets to electric and reducing harmful emissions. This infrastructure project will improve the County’s resilience and we are proud to be at the forefront amongst local governments when it comes to projects like this.”
The 5.6 MW microgrid includes distributed energy generation, energy storage and over 2 MW of charging capacity. AlphaStruxure will implement a strategy to transition the onsite gas generation to carbon neutral sources in the near future, allowing the microgrid to run on 100 percent renewable energy in alignment with the County’s goal to reach net-zero emissions by 2035. Transitioning 44 buses from diesel to electric, powered by on-site clean energy microgrid, will reduce lifetime emissions by 62 percent, equivalent to 155,000 tons of greenhouse gases.
The Brookville Smart Energy Bus Depot improves the County’s climate resilience, ensuring uninterrupted transit bus services during emergencies, even in the event of multi-day utility grid outages. The microgrid’s lithium-ion battery system will also participate in a Demand Response program with Potomac Electric Power Company (Pepco), which will support regional grid performance and optimization for greater energy resilience overall.
The Depot will ensure a ready supply of sustainable, resilient and cost-effective power for Montgomery County’s new electric bus fleet. By charging from its own power supply, the County will avoid utility demand charges and won’t have to set bus charging schedules around the utility’s time-of-use rates. The project ensures operational flexibility, providing the County with full control over dispatch and bus routing.
With the Biden administration’s investments in zero-emission transport and aggressive goal to slash GHG emissions 50% below 2005 levels by 2030, the Brookville Smart Energy Bus Depot provides a national model for municipalities and private fleet owners to efficiently deploy the charging infrastructure and distributed energy resources that this transition requires.
Beyond microgrid fleet electrification projects, AlphaStruxure partners with energy-intensive and energy-sensitive clients spanning commercial, industrial, government, and critical infrastructure sectors to deliver custom EaaS solutions. Delivering specified outcomes for sustainability, resilience, reliability, and cost-predictability, AlphaStruxure’s EaaS microgrid solutions often integrate additional energy-related technologies including electrical and mechanical upgrades, electrification technologies, charging infrastructure and other advanced systems.
About AlphaStruxure
AlphaStruxure delivers customized Energy as a Service solutions that transform sustainability, resilience and reliability into a strategic advantage. Serving energy-intensive private and public sector organizations, AlphaStruxure brings together technical, financial and contractual innovation to meet customers’ current and future energy needs without capital expenditure. AlphaStruxure’s mission is to be the trusted partner in energy transformation, combining Schneider Electric’s industry-leading smart energy management and automation technologies with The Carlyle Group’s comprehensive structuring and financing capabilities. For more information, visit www.AlphaStruxure.com
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Investment Solutions. With $246 billion of assets under management as of December 31, 2020, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. The Carlyle Group employs 1,825 people in 29 offices across five continents. Further information is available at www.carlyle.com. Follow The Carlyle Group on Twitter @OneCarlyle.
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On. Our mission is to be your digital partner for Sustainability and Efficiency. We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries. We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values. www.se.com.
Antenna Group for AlphaStruxure
Annika Harper
This email address is being protected from spambots. You need JavaScript enabled to view it.
Montgomery County
Monika Hammer
240-463-2442
This email address is being protected from spambots. You need JavaScript enabled to view it.
The Carlyle Group
Brittany Berliner
+1 (212) 813-4839
This email address is being protected from spambots. You need JavaScript enabled to view it.
Former National Grid Executive and Financial Expert Is Newest Independent Director
NORWELL, Mass.--(BUSINESS WIRE)--Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH), the leading provider of environmental and industrial services throughout North America, today announced the appointment of Marcy Reed to the Company’s Board of Directors. A seasoned financial executive, Ms. Reed worked for more than 30 years for National Grid and its predecessor companies before retiring in early 2021. For the past decade, she served as President of National Grid Massachusetts and Executive Vice President U.S. Energy Policy and Social Impact. The appointment of Ms. Reed expands the Company’s Board from nine to ten members.
“Marcy is an accomplished senior executive whose expertise across multiple disciplines, including finance, corporate strategy, operations, enterprise risk and external affairs, makes her a valuable addition to our Board,” said Alan S. McKim, Chairman, President and Chief Executive Officer of Clean Harbors. “She possesses a rare public company skillset as a strategic leader, finance executive and board member with one of the nation’s largest investor-owned utilities. In addition, she brings a unique perspective on sustainability and regulatory solutions to address climate change – issues that align with our organizational values. We look forward to benefitting from Marcy’s background and insights as we continue to execute our growth strategy.”
Ms. Reed was appointed as a Class II director whose term will expire at Clean Harbors’ 2024 annual meeting of shareholders. She will serve on the Audit Committee and the Environmental, Health and Safety Committee. A certified public accountant since 1988, Ms. Reed is a qualified financial expert as defined by the Securities and Exchange Commission.
Ms. Reed joined National Grid in 1988. She served as Head of Investor Relations, Senior Vice President Business Services, Senior Vice President Finance and Senior Vice President Corporate Affairs before being named President of National Grid’s Massachusetts business and EVP U.S. Policy & Social Impact in 2011. A frequent speaker on topics of leadership, energy policy, innovation, and the evolving energy paradigm, she has been recognized with numerous leadership and philanthropic awards, including being named three times as one of Boston’s Top 100 Leaders.
She serves as an Independent Director for Blue Cross Blue Shield of Massachusetts and is on the board of Northeastern University, chairing the Audit Committees of both entities. She also is a board member of Qualus, a private equity-backed electric power engineering company. Ms. Reed previously served as board chair of The Partnership, Inc., an organization working to build racially diverse leadership pipelines. She earned an A.B. in Economics from Dartmouth and an M.S. in Accounting from Northeastern University, and holds Executive Education Certificates from Wharton and INSEAD.
About Clean Harbors
Clean Harbors (NYSE: CLH) is North America’s leading provider of environmental and industrial services. The Company serves a diverse customer base, including a majority of Fortune 500 companies. Its customer base spans a number of industries, including chemical, energy and manufacturing, as well as numerous government agencies. These customers rely on Clean Harbors to deliver a broad range of services such as end-to-end hazardous waste management, emergency spill response, industrial cleaning and maintenance, and recycling services. Through its Safety-Kleen subsidiary, Clean Harbors also is North America’s largest re-refiner and recycler of used oil and a leading provider of parts washers and environmental services to commercial, industrial and automotive customers. Founded in 1980 and based in Massachusetts, Clean Harbors operates in the United States, Canada, Mexico, Puerto Rico and India. For more information, visit www.cleanharbors.com.
Michael L. Battles
EVP and Chief Financial Officer
Clean Harbors, Inc.
781.792.5100
This email address is being protected from spambots. You need JavaScript enabled to view it.
Jim Buckley
SVP Investor Relations
Clean Harbors, Inc.
781.792.5100
This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Ship and Boat Building and Repairing Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
The global ship and boat building and repairing market is expected to grow from $219. 23 billion in 2020 to $234. 41 billion in 2021 at a compound annual growth rate (CAGR) of 6. 9%. The market is expected to reach $282. 75 billion in 2025 at a CAGR of 5%
Major companies in the ship and boat building and repairing market include Daewoo Shipbuilding & Marine Engineering Co Ltd; Hyundai Heavy Industries; Mitsubishi Heavy Industries; Samsung Heavy Industries and General Dynamics.
The ship and boat building and repairing market consists of sales of ships and boats and ship and boat building and repairing services and related services by entities (organizations, sole traders and partnerships) that operate shipyards. Shipyards are fixed facilities with drydocks and fabrication equipment capable of building a ship, defined as watercraft typically suitable or intended for other than personal or recreational use.
The activities of shipyards include the construction of ships, their repair, conversion and alteration, the production of prefabricated ship and barge sections, and specialized services, such as ship scaling. The ship and boat building and repairing market is segmented into ship building and repairing and boat building and repairing.
Asia Pacific was the largest region in the global ship and boat building and repairing market, accounting for 49% of the market in 2020. North America was the second largest region accounting for 21% of the global ship and boat building and repairing market. Africa was the smallest region in the global ship and boat building and repairing market.
Shipbuilding companies around the world are increasingly using green shipbuilding technologies to comply with environmental rules and regulations. Technologies being used for shipbuilding include ships with no ballast systems that block organisms entering the ship and eliminate the need for sterilization equipment, sulphur scrubber systems, waste heat recovery systems, speed nozzles, exhaust gas recirculation systems, advanced rudder and propeller systems, fuel and solar cell propulsion systems and use of LNG fuels for propulsion and auxiliary engines. Ships built using these technologies have significant energy savings and low carbon emissions.
For instance, Peace Boat, a Japanese non-profit NGO has entered into an agreement with a Finnish shipbuilding company Arctech Helsinki Shipyard for the construction of Ecoship, the world's greenest cruise vessel. Dean Shipyards Group is also coordinating a green LeanShips project aimed at creating less polluting vessels.
Transportation manufacturers depend heavily on supply of parts and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to lack of parts and components.
Also, sales of new automobiles decreased significantly due to decline in consumer demand as many countries impose lockdowns. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the ship and boat building and repairing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. ?
Economic Growth in Emerging Markets-The ship and boat building and repairing market is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3. 3% in 2020 and 3. 4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth.
Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments in the end user markets, thereby driving the market during forecast period.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Ship and Boat Building and Repairing Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Ship and Boat Building and Repairing Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Ship and Boat Building and Repairing Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Ship and Boat Building and Repairing Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Ship and Boat Building and Repairing Market Trends and Strategies
8. Impact of COVID-19 on Ship and Boat Building and Repairing
9. Ship and Boat Building and Repairing Market Size and Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers of the Market
9.2.2. Restraints on the Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers of the Market
9.3.2. Restraints on the Market
10. Ship and Boat Building and Repairing Market Regional Analysis
10.1. Global Ship and Boat Building and Repairing Market, 2020, by Region, Value ($ Billion)
10.2. Global Ship and Boat Building and Repairing Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region
10.3. Global Ship and Boat Building and Repairing Market, Growth and Market Share Comparison, by Region
11. Ship and Boat Building and Repairing Market Segmentation
11.1. Global Ship and Boat Building and Repairing Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12. Ship and Boat Building and Repairing Market Segments
12.1. Global Ship Building and Repairing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Ship Building; Ship Repairing
12.2. Global Boat Building and Repairing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Boat Building; Boat Repairing
13. Ship and Boat Building and Repairing Market Metrics
13.1. Ship and Boat Building and Repairing Market Size, Percentage of GDP, 2015-2025, Global
13.2. Per Capita Average Ship and Boat Building and Repairing Market Expenditure, 2015-2025, Global
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/lci4o2
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
BATAVIA, N.Y.--(BUSINESS WIRE)--Graham Corporation (NYSE: GHM), a global business that designs, manufactures and sells critical equipment for the defense/space, energy/new energy and chemical/petrochemical industries, today announced that Daniel J. Thoren, President and Chief Executive Officer, and Jeffrey F. Glajch, Vice President and Chief Financial Officer, will be presenting at the Sidoti Fall 2021 Virtual Small Cap Conference on Wednesday, September 22, 2021.
Sidoti Fall 2021 Virtual Small Cap Conference
Wednesday, September 22, 2021
4:00 p.m. Eastern Time
Live webcast link and accompanying slide presentation: www.graham-mfg.com.
ABOUT GRAHAM CORPORATION
Graham is a global business that designs, manufactures and sells critical equipment for the defense/space, energy/new energy and chemical/petrochemical industries. The Graham and Barber-Nichols’ global brands are built upon world-renowned engineering expertise in vacuum and heat transfer, cryogenics, and turbomachinery technologies, as well as the Company’s responsive and flexible service and unsurpassed quality.
Graham routinely posts news and other important information on its website, www.graham-mfg.com, where additional comprehensive information on Graham Corporation and its subsidiaries can be found.
Jeffrey F. Glajch
Vice President - Finance and CFO
Phone: (585) 343-2216
This email address is being protected from spambots. You need JavaScript enabled to view it.
Deborah K. Pawlowski
Kei Advisors LLC
Phone: (716) 843-3908
This email address is being protected from spambots. You need JavaScript enabled to view it.
Program pays homeowners to participate in Swell’s Distributed Power Plant while accelerating the state’s move to 100% renewable energy
HONOLULU--(BUSINESS WIRE)--Swell Energy Inc. is now enrolling 6,000 O‘ahu, Hawai‘i Island, and Maui solar and energy storage customers in its Home Battery Rewards program with Hawaiian Electric, offering significant incentives for existing and new energy storage systems powered by rooftop solar.
Incentive payments are based on system characteristics and the fixed monthly payment will apply to the customer’s monthly electric bill. If the incentive exceeds a customer’s minimum bill, participants will receive a check from Hawaiian Electric each month. For example, customers with between 1-3 Tesla Powerwalls can earn between $1,500-$11,700 over the life of the five-year program. There is no limit to the number of batteries a customer can enroll.
The program, approved by the Public Utilities Commission, will provide a total of 80 megawatts (MW) of grid services supplied from storage among all participants, which is equivalent to approximately 4,000 residential systems on O‘ahu, 1,500 systems on Hawai‘i Island and 500 systems on Maui. Enrollment is on a first-come basis on each island and customers start receiving value from the program soon after they enroll.
“Existing and new solar-plus-storage customers can now get more value from their home energy system with advanced grid service programs like Home Battery Rewards,” said Yoh Kawanami, Director-Customer Energy Resources Operations at Hawaiian Electric. “We are at a turning point in Hawaii for advancing the capabilities of all residential solar and batteries already deployed and being installed in the future. By harnessing the collective power in our homes, we enable a more affordable and resilient Hawaii that also helps us meet our 100% renewable energy goals by 2045 or sooner,” he said.
In conjunction with homeowners in the Home Battery Rewards program, Swell Energy aggregates participating batteries to perform grid services such as:
In the event of a power outage, home batteries enrolled in the program only provide electricity to the customer’s home and the homeowner is in full control of their solar energy and battery. By offering clean, dispatchable and distributed energy resources, Hawaiian Electric expects the Home Battery Rewards program to help the state of Hawaii reach its renewable energy goals and is encouraging customers to apply today.
“Swell’s Home Battery Rewards program with Hawaiian Electric unlocks the potential for home batteries to bolster the local grid in Hawaii and bring even more renewable energy onto the islands. The program is available to a broad set of residential customers, including those who already have an eligible battery system, as well as those seeking to install a new system,” said Suleman Khan, CEO of Swell Energy. “Swell is launching the first phase of this program in partnership with RevoluSun on O‘ahu and Rising Sun Solar on Maui and Hawai‘i Island. We look forward to expanding our local network of Home Battery Rewards partners soon in an effort to make this program accessible to as many homes in Hawaii as possible.”
Customers can opt-out of the Home Battery Rewards program at any time. There is no penalty and customers will not be required to repay any funds received while in the program.
To sign up, visit: https://swellenergy.com/hi/.
About Swell Energy Inc.
Swell Energy is an energy and smart grid solutions provider that is uniting property owners, businesses, industry partners and utilities behind the shared goal of achieving reliable, cost-effective, clean and flexible energy. Swell Energy delivers simple and secure energy solutions and sophisticated grid service programs that are customizable to serve the needs of these diverse stakeholders. Swell Energy provides electricity consumers with financing and educational resources, and installs solar-powered battery systems with its regional partners using top technologies. This approach creates a critical mass of dynamic, clean energy resources for a virtual smart grid that delivers grid-balancing services within utility markets across the United States. Learn more at www.swellenergy.com.
Press
Tiffany Foyle
Pang Communications for Swell Energy
808.292.0867
This email address is being protected from spambots. You need JavaScript enabled to view it.
BALTIMORE--(BUSINESS WIRE)--Green River Asset Management has published a report requesting that shareholders provide their input to Odyssey Marine Exploration, Inc. (NASDAQ:OMEX) (“Odyssey”) management on the subject of pre-award interest. The article can be found at https://greenriverassetmanagement.wordpress.com/
The report notes that pre-award interest is an area of critical importance to shareholders because OMEX’s ultimate arbitration award is extremely sensitive to this rate. Yet, Green River’s research indicates that Odyssey’s quantum experts have requested a rate of pre-award interest that only covers half of the costs incurred over the pre-award period.
Shareholders in Odyssey and subsidiary Exploraciones Oceanicas need to familiarize themselves with issues around pre-award interest and provide their input to management because it is in their best interest to do so. The report will help shareholders quickly get up to speed on the matter by providing both analysis and independent sources of information.
Forward Looking Information
This Press Release may include "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. Certain factors that could cause outcomes to differ materially from those in the forward-looking statements are set forth in "Risk Factors" in Part I, Item 1A of Odyssey’s Annual Report on Form 10-K for the year ended December 31, 2020, and Odyssey’s other filings with the Securities and Exchange Commission. The possible outcomes of the matter described herein will depend upon unpredictable future events, many of which are beyond Odyssey's or Drumcliffe’s control and, accordingly, no assurance can be given that any desirable outcome will occur.
Bill Atkinson
443-797-4150
This email address is being protected from spambots. You need JavaScript enabled to view it.
FRAMINGHAM, Mass.--(BUSINESS WIRE)--#cleanenergy--Ameresco, Inc. (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced that members of its management team will attend the following investor conferences:
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and the United Kingdom. Ameresco’s sustainability services in support of clients’ pursuit of Net Zero include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.
Media:
Ameresco: Leila Dillon, 508.661.2264, This email address is being protected from spambots. You need JavaScript enabled to view it.
Investor Relations: Eric Prouty, AdvisIRy Partners, 212.750.5800, This email address is being protected from spambots. You need JavaScript enabled to view it.
Lynn Morgen, AdvisIRy Partners, 212.750.5800, This email address is being protected from spambots. You need JavaScript enabled to view it.
Offshore Source keeps you updated with relevant information concerning the Offshore Energy Sector.
Any views or opinions represented on this website belong solely to the author and do not represent those of the people, institutions or organizations that Offshore Source or collaborators may or may not have been associated with in a professional or personal capacity, unless explicitly stated.