KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (KCS) (NYSE: KSU) announced today that it has been recognized by Logistics Management magazine with a 2020 Quest for Quality award. Kansas City Southern Railway is this year’s Rail/Intermodal Service Provider winner by leading in the key categories of On-Time Performance and Customer Service and tying for the top spot in Equipment and Operations.

Logistics Management readers evaluate companies in all modes and service disciplines, choosing the top performers in categories including motor carriers, railroad and intermodal services, ocean carriers, airlines, freight forwarders, third party/contract logistics services and ports. Transportation service providers are rated on five key criteria: On-Time Performance, Value, Information Technology, Customer Service, and Equipment and Operations.

“We are so pleased to have received this recognition from our customers and Logistics Management magazine,” said KCS executive vice president and chief marketing officer Mike Naatz. “A core part of the KCS vision is to be the most-customer focused transportation service provider in North America, so this validation from our customers is important.”

To read more on the 37th Annual Quest for Quality Awards, visit: https://www.logisticsmgmt.com/article/quest_for_quality_2020_rail_intermodal.

Headquartered in Kansas City, Mo., KCS 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.

C. Doniele Carlson
816-983-1372
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HALIFAX, Nova Scotia--(BUSINESS WIRE)--Scott Balfour, President and CEO of Emera Inc. (TSX: EMA) announced today that Peter Gregg will become the next President & CEO of Nova Scotia Power Inc. (NSPI). Following a rigorous Canadian search that attracted a long list of high caliber internal and external energy executives, Peter was selected as the successful candidate.

“We are excited for Peter to join the Emera team as President and CEO of NSPI,” says Scott Balfour, President and CEO of Emera Inc. “Peter brings deep experience in the Canadian energy sector with a focus on energy efficiency, renewables and innovation. He is joining a strong team at NSPI that’s committed to transitioning to a lower carbon future while ensuring reliability, affordability and a superior customer experience for Nova Scotians.”

Peter is currently the President and CEO of the Independent Electricity System Operator (IESO) in Ontario. The IESO is an independent organization that oversees the safe and reliable operation of the bulk electricity system in Ontario, ensuring affordable electricity is available when and where people need it. The IESO also operates the wholesale electricity markets, plans for Ontario’s future electricity needs, focuses on energy efficiency and demand management programs, and works with partners to foster innovation in support of system cost effectiveness and reliability. Prior to his role at the IESO, Peter served as the President and CEO of Enersource and COO at Hydro One Networks where he was heavily focused on energy distribution in Ontario.

“I was attracted to this exciting opportunity because NSPI is recognized as an innovative and customer-centric utility with an impressive track record and plan for the continued transition to cleaner energy – all at a pace that is affordable for customers,” says Peter Gregg, Incoming President and CEO of NSPI. “I am looking forward to joining NSPI and working with the dedicated team to continue to deliver for customers in Nova Scotia.”

Peter will officially join the NSPI team in mid-November 2020.

About Emera

Emera Inc. is a geographically diverse energy and services company headquartered in Halifax, Nova Scotia, with approximately $32 billion in assets and 2019 revenues of more than $6.1 billion. The company primarily invests in regulated electricity generation and electricity and gas transmission and distribution with a strategic focus on transformation from high carbon to low carbon energy sources. Emera has investments throughout North America, and in four Caribbean countries. Emera’s common and preferred shares are listed on the Toronto Stock Exchange and trade respectively under the symbol EMA, EMA.PR.A, EMA.PR.B, EMA.PR.C, EMA.PR.E, EMA.PR.F and EMA.PR.H. Depositary receipts representing common shares of Emera are listed on the Barbados Stock Exchange under the symbol EMABDR and on The Bahamas International Securities Exchange under the symbol EMAB. Additional Information can be accessed at www.emera.com or at www.sedar.com.

About Nova Scotia Power

Nova Scotia Power Inc. is a wholly-owned subsidiary of Emera Inc. (TSX-EMA), a diversified energy and services company. Nova Scotia Power provides 95% of the generation, transmission and distribution of electrical power to more than 525,000 residential, commercial and industrial customers across Nova Scotia. The company is focused on new technologies to enhance customer service and reliability, reduce emissions and add renewable energy. Nova Scotia Power has over 1,700 employees and $4.1 billion in operating assets. Learn more at www.nspower.ca.

Media:
Dina Seely
902-222-2683
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NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ:NFE) (the “Company”) announced today the pricing of its previously announced private offering of $1,000 million (upsized from $800 million) aggregate principal amount of senior secured notes due 2025 (the “Notes”). The Notes will bear interest at 6.750% per annum and will be issued at an issue price equal to 100% of principal, plus accrued interest, if any, from September 2, 2020. The Company intends to use the net proceeds from the offering, together with cash on hand, to repay in full the amounts outstanding under its credit agreement and to redeem in full the senior secured bonds and senior unsecured bonds issued by its subsidiary, NFE South Power Holdings Limited, terminating the credit agreement and the documentation governing such bonds, in each case including related premiums, costs and expenses. The closing of the offering is subject to certain limited conditions.

The Notes and the guarantees thereof were offered in the United States to qualified institutional buyers under Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to persons outside of the United States under Regulation S under the Securities Act. The Notes and the guarantees thereof will not be registered under the Securities Act or any state securities laws, and, unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About New Fortress Energy Inc.

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

Cautionary Language Regarding Forward-Looking Statements

This press release contains forward-looking statements, including but not limited to statements regarding the consummation of the offering or the Company’s anticipated use of the net proceeds from the offering. All statements contained in this press release other than historical information are forward-looking statements that involve known and unknown risks and relate to future events, our future financial performance or our projected business results. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “projects,” “targets,” “potential” or “continue” or the negative of these terms or other comparable terminology. Such forward-looking statements are necessarily estimates based upon current information and involve a number of risks and uncertainties. Actual events or results may differ materially from the results anticipated in these forward-looking statements as a result of a variety of factors.

All forward-looking statements speak only as of the date on which it is made. When considering forward-looking statements, you should keep in mind the risk factors and other cautionary statements included in our annual, quarterly and other reports we file with the SEC. We undertake no duty to update these forward-looking statements, even though our situation may change in the future. Furthermore, we cannot guarantee future results, events, levels of activity, performance, projections or achievements.

IR:
Alan Andreini
(212) 798-6128
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Joshua Kane
(516) 268-7455
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Jake Suski
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Together, Kahuna and HRG offer a digital platform and framework to keep a culture of excellence, quality, and safety front-of-mind at all times.

HOUSTON--(BUSINESS WIRE)--Kahuna Workforce Solutions and High Reliability Group (HRG) announce a partnership combining Kahuna’s proven SaaS platform with HRG’s organizational framework enabling organizations to create and sustain Operational Excellence.

Built with compliance and workforce management in mind, Kahuna gives enterprise-wide visibility into competencies and meets organizational needs of how they are really assigned, assessed, and managed. Ultimately, Kahuna’s platform ensures organizations have complete visibility and control, empowering complex organizations to place the right worker in the right job at the right time – one hundred percent of the time. HRG’s foundational framework is based on using the principles of the US Nuclear Navy to help clients in highly complex and potentially dangerous operational environments transform into High Reliability Organizations (HRO).

“Customers often ask for recommendations regarding their operating models and competency frameworks. HRG’s approach and expertise to ensure management systems, culture, leadership, and feedback all work together is a natural fit for our customer base,” said Jai Shah, Kahuna Co-founder and CEO. “Kahuna allows organizations who adopt the HRG framework to better sustain their operational excellence initiatives by engaging participants and allowing organizations to track and measure progress.”

“To transform at scale into a High Reliability Organization, our clients are often in need of tools that will enable change across geographically and operationally diverse operations. Combining our proven HRO principles with the Kahuna platform gives our clients the ability to accelerate the implementation of these required changes to establish a more safe, efficient, and effective working environment,” said Bob Koonce, HRG Founder and President.

In highly regulated environments, mistakes can cost lives. By partnering together, Kahuna’s best-of-breed competency management platform and HRG’s model for High Reliability Organizations offer clients the framework and software to transform their operational culture and performance, improve productivity, and prioritize safety into ongoing reputable processes.

About High Reliability Group

High Reliability Group LLC was founded in 2016 to help our clients improve operations based on the principles of the US Nuclear Navy. Each one of our consultants has significant experience in the U.S. Nuclear Submarine Force or Nuclear Surface Navy along with post-Navy industry experience. We look forward to helping you on your journey to Extreme Operational Excellence.

About Kahuna Workforce Solutions

Kahuna Workforce Solutions is transforming competency management and workforce planning. Our flagship Kahuna platform helps organizations gain an objective view of their workforce’s capabilities, measure talent supply against current and future demand, and maximize the return on training investment. Kahuna is used in a wide array of industries including oil and gas, healthcare, manufacturing, construction, and aerospace. For information visit www.kahunaworkforce.com.

Torrye Metoyer
Director of Marketing
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HOUSTON--(BUSINESS WIRE)--Live Oak Resource Partners, LLC (“Live Oak”) and Posse Resources, LLC (“Posse”) announced the closing of the sale of Live Oaks’ mineral and royalty assets held by Live Oak Resource Partners I, LP (“Fund I”) to Posse, through Posse’s newly created entity, Oak Ridge Royalties, LP.

The transaction includes all of Live Oak Fund I’s remaining north Louisiana mineral & royalty assets, consisting of ~4,800 net royalty acres (normalized to 1/8 royalty), with production across the Haynesville Shale, Bossier Shale, and Cotton Valley formations.

“The successful closing on the sale of Fund I’s remaining assets during a challenging time for the industry highlights the quality of the portfolio assembled and managed by the Live Oak team. Fund I was a demonstrable success in validating the scalability and efficiency of Live Oak’s aggregation business model. We are sincerely appreciative for the support of our Fund I partners and are thrilled to deliver this successful result,” said Andrew Keene, Live Oak’s President and Chief Financial Officer.

Discussing the transaction, Mitchell Currie, Vice President of Posse said, “We believe this acquisition of mineral and royalty interests with exposure to the Haynesville, Bossier and Cotton Valley formations enhances our diverse portfolio of oil & gas investments. This transaction complements our existing north Louisiana property base held by our affiliated entity, Louisiana Minerals, Ltd.”

Commenting further, Mr. Keene said, “We appreciate the professionalism and diligence of Posse and wish them great success with this asset. In a challenging A&D market, we believe our Fund I portfolio found the proper suitor; a firm with a long history and substantial existing footprint in the basin, deep technical understanding of the Haynesville, and a long-term view towards the ownership of mineral rights.”

“While this sale provides for a successful exit in Fund I, Live Oak remains principally active in the Haynesville as the leading acquiror of royalty, mineral and non-operated working interests in the basin. In the last five years, the Live Oak team has closed over 600 transactions covering more than 18,000 royalty acres,” said Mr. Keene.

“We enjoyed working alongside the Live Oak team and appreciated their commitment to closing a successful transaction. Posse remains focused on growing its diversified mineral and non-operated oil and gas portfolio through both opportunistic acquisitions and participation in drilling proposals,” said Mr. Currie.

Willkie, Farr, & Gallagher LLP served as legal counsel to Live Oak. Kean Miller, LLP and Ewing & Jones, PLLC served as legal counsel to Posse.

About Live Oak Resource Partners

Live Oak Resource Partners is a privately held firm based in Houston, Texas, focused on the aggregation and management of royalty and mineral interests and non-operated working interests in the Haynesville Shale of north Louisiana and east Texas. For more information visit www.liveoakrp.com.

About Posse Resources

Posse Resources (formerly Peter Paul Petroleum Co.), founded by B.P. Huddleston in 1967, is a family-owned private company based in Houston, Texas. Posse focuses on the acquisition and management of mineral and royalty properties and non-operated working interests, primarily in Louisiana, Texas and Oklahoma, among other areas within the U.S. For more information on Posse Resources and its affiliated entities, visit www.PosseResources.com.

Live Oak Resource Partners
Katy Franz (832) 982-0787
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Posse Resources
Mitchell Currie (713) 209-1111
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DAYTON, Ohio--(BUSINESS WIRE)--REX American Resources Corporation (NYSE American: REX), a leading ethanol company, announced today that it will report its fiscal 2020 second quarter financial results on Wednesday, August 26, pre-market and will host a conference call and webcast at 11:00 a.m. ET that morning to review the results.

To access the conference call, interested parties may dial 212-231-2900 (domestic and international callers). Participants can also listen to a live webcast of the call on the REX website at www.rexamerican.com/Corp/Page4.aspx. A webcast replay will be available for 30 days following the live event at www.rexamerican.com/Corp/Page4.aspx.

About REX American Resources Corporation
REX American Resources has interests in six ethanol production facilities, which in aggregate shipped approximately 650 million gallons of ethanol over the twelve-month period ended April 30, 2020. REX’s effective ownership of the trailing twelve-month gallons shipped (for the twelve months ended April 30, 2020) by the ethanol production facilities in which it has ownership interests was approximately 226 million gallons. In addition, the Company acquired a refined coal operation in August 2017. Further information about REX is available at www.rexamerican.com.

Douglas Bruggeman
Chief Financial Officer
937/276‑3931

Joseph Jaffoni, Norberto Aja
JCIR
212/835-8500
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California Grid Operator Confirms State’s Energy Supply Expected to Meet Demand Tonight as Heatwave Continues

PG&E Thanks All Customers for Coming Together to Conserve Power

Customers Strongly Urged to Continue Conserving through Thursday Night

SAN FRANCISCO--(BUSINESS WIRE)--Based on forecasts for electricity supply and demand, the state’s electric grid operator, the California Independent System Operator (CAISO), has confirmed that Pacific Gas and Electric Company (PG&E) will not need to employ rotating power outages on Wednesday.

PG&E has been on standby throughout the day and for the duration of this heat wave, which began Friday (Aug. 14). The company’s Emergency Operations Center remains open and prepared to initiate potential rotating outages at the request of the CAISO. PG&E teams will continue to coordinate with the CAISO as the heatwave extends through Thursday. The CAISO oversees the larger power grid and balances energy demand with supply.

Even with the request to start conserving energy an hour earlier, with a 2 p.m. start time today versus a 3 p.m. start time on Sunday, Monday and Tuesday, customers helped the state meet the energy challenge. Thanks to the conservation efforts of California residents, the CAISO was able to call off potential rotating outages Sunday, Monday, Tuesday and now Wednesday.

Electricity Conservation Is Key Through Thursday

Residential and commercial PG&E customers alike have all come together to conserve electricity and help avoid the need for rotating outages.

With the heatwave expected to continue at least through Thursday night, PG&E strongly encourages all customers to continue conserving to reduce overall power demand.

“The end of this record heatwave is in sight. Thanks to a remarkable joint effort among all Californians to conserve, the state’s grid has weathered this heat storm without significant interruption so far this week. We are incredibly appreciative of the contributions our customers have made to help avoid rotating outages. We urge our customers to keep up their great efforts to conserve through Thursday, and we thank them for their support and patience during this extreme weather event,” said Laurie Giammona, Senior Vice President and Chief Customer Officer for PG&E.

PG&E Tips to Save Energy and Reduce Usage

• Raise the thermostat: Cool homes and use air conditioners more during morning hours. Set the thermostat to 78 degrees when at home during the rest of the day, health permitting. Turn it up to 85 degrees or turn it off when not at home.
• Use a ceiling fan: Turn on a ceiling fan when using the air conditioner, which will allow the thermostat to be raised about 4 degrees to save on cooling costs with no reduction in comfort. Turn off fans and lights when you leave the room.
• Cover windows: Use shade coverings and awnings so the air conditioner won’t have to work as hard to cool the home.
• Avoid using the oven: Instead, cook on the stove, use a microwave or grill outside.
• Limit the opening of refrigerators, which are major users of electricity in most homes. The average refrigerator is opened 33 times a day.
• Clean clothes and dishes early: Use large energy-consuming appliances like washing machines and dishwashers earlier in the day or late at night after 10:00 pm.

PG&E Tips to Stay Safe and Cool

• Plan ahead: Check the weather forecast to prepare for hot days.
• Keep an emergency contact list: Keep a list of emergency phone numbers.
• Have a buddy system: Check in on elderly or people with access and function needs.
• Stay hydrated: Drink plenty of water, even when you are not thirsty.
• Stay cool: Take a cool shower or bath and wear lightweight, loose, light-colored clothing.
• Stay safe: Stay out of direct sunlight and avoid alcoholic or caffeinated beverages.

Rotating outages directed by the CAISO are not Public Safety Power Shutoffs, which are called by PG&E during specific high fire threat conditions, and they are not related to any issues with PG&E’s equipment or its ability to deliver energy locally.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy companies in the United States. Based in San Francisco, with more than 23,000 employees, the company delivers some of the nation's cleanest energy to 16 million people in Northern and Central California. For more information, visit pge.com and pge.com/news

Media Relations
415.973.5930

HOUSTON--(BUSINESS WIRE)--#BESS--Key Capture Energy (KCE) has selected Mitsubishi Hitachi Power Systems Americas, Inc. (MHPS) and Powin Energy Corporation (Powin) to build three utility-scale battery energy storage systems (BESS) projects totaling 200 megawatts (MW) in Texas. MHPS will provide turnkey engineering, procurement, and construction, as well as long-term service support for all direct current (DC) equipment, power conversion systems, and high voltage substations. Powin will provide a fully integrated battery, a battery management system, and long-term service.

Construction on KCE TX 11 (50 MW), KCE TX 12 (100 MW), and KCE TX 23 (50 MW) will begin in the fall of 2020, and the projects will be online before the summer of 2021. KCE has been a first mover in Electric Reliability Council of Texas (ERCOT) standalone storage. The company’s first-half 2021 operating capacity of 229.7 MW of battery storage projects is enhanced by 199 MW of offtake contracts with investment grade counterparties.

MHPS and Powin both have extensive lithium ion energy storage experience and together developed a custom solution to meet KCE’s technical requirements. It uses lithium iron phosphate battery chemistry (LiFePO₄) combined with fast acting controls and power conversion systems selected from key suppliers.

The BESS projects expand all three companies’ presence in ERCOT. KCE is currently the second largest operator of stand-alone battery storage projects in Texas, with three operating projects totaling 29.7 MW — all of which Powin contributed to as the battery system integrator. KCE also has a growing pipeline of stand-alone energy storage projects under development in Texas. The Mitsubishi Heavy Industries Group Companies have been leading the investment in lower carbon intensive energy technology in Texas, which includes 2 gigawatts (GW) of on-shore wind generation, 1.3 GW of natural gas generation, and the world’s largest post-combustion carbon dioxide capture project. The BESS projects continue Mitsubishi’s history of technology-driven partnerships and solutions in the region.

Jeff Bishop, Chief Executive Officer of Key Capture Energy, stated, “As an industry-leading energy storage solution provider, MHPS has a strong history of technological innovation, a proven track record in large-scale project management, and strong financial positioning. We are pleased to partner with MHPS to supply full turnkey solutions for this round of Texas projects. Texas is the epicenter of the global energy market, and with a growing Houston office, we look forward to providing best-in-class energy storage solutions in the Lone Star state for decades to come.”

Tom Cornell, MHPS’ Vice President of NEXT, said, “Key Capture Energy is a premier developer with an impressive 1500 MW of stand-alone battery storage projects in its pipeline across the country. We look forward to joining forces in Texas to build battery energy storage for ERCOT’s needs. With today’s increasing penetration of renewable energy, it’s an ideal time for projects such as this to optimize the grid. We are experiencing a Change in Power.”

About Key Capture Energy
Key Capture Energy (KCE) identifies, develops, constructs and operates energy storage solutions to foster greater deployment of renewable energy, create a more stable electric grid, and provide value to all ratepayers. By comprehensively studying the grid for geographically and electrically beneficial market opportunities and researching and selecting the best technology solutions to meet the needs of an evolving energy landscape, KCE efficiently constructs and effectively operates large-scale energy storage projects today that will transition us to the grid of tomorrow. For more information about KCE, visit www.keycaptureenergy.com.

About Mitsubishi Hitachi Power Systems Americas, Inc.
Mitsubishi Hitachi Power Systems Americas, Inc. (MHPS Americas) headquartered in Lake Mary, Florida, employs more than 2,000 power generation, energy storage, and digital solutions experts and professionals. Our employees are focused on empowering customers to affordably and reliably combat climate change while also advancing human prosperity throughout North and South America. MHPS Americas’ power generation solutions include natural gas, steam, aero-derivative, geothermal, distributed renewable technologies, environmental controls, and services. Energy storage solutions include green hydrogen and battery energy storage systems. MHPS also offers digital solutions that enable autonomous operations and maintenance of power assets. MHPS Americas is a subsidiary of Mitsubishi Hitachi Power Systems (MHPS), a joint venture between Mitsubishi Heavy Industries, Ltd. and Hitachi, Ltd. integrating their operations in power generation systems. MHPS recently announced that its name will change to Mitsubishi Power on September 1, 2020.

Learn more about MHPS by visiting www.changeinpower.com and https://www.linkedin.com/company/mitsubishi-hitachi-power-systems-americas-inc-/.

About Powin Energy Corporation
Based in Tualatin, Oregon, Powin is a global leader in cost-effective, safe and scalable battery energy storage systems. The Powin Stack™ is purpose-built for the demands of utility, C&I, and microgrid applications. Powin's BESS has a modular architecture, which facilitates streamlined and cost efficient installation for projects from MWh to GWh scale. Powin's industry-leading product offering is supported by an unrivaled team of experts from across the energy industry with decades of experience in product design, manufacturing, and software development. To learn more about Powin, please visit http://www.powinenergy.com/ or call (503) 516-3398.

Sarah Bray
Key Capture Energy
(832) 226-2116
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Sharon Prater
MHPS Americas, Inc.
(407) 688-6200
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HOUSTON--(BUSINESS WIRE)--PrimeEnergy Resources Corporation (NASDAQ: PNRG) announced today the following unaudited results for the periods ended June 30, 2020 and 2019:

Total assets at June 30, 2020 were $218,930,000 compared to $229,365,000 at December 31, 2019.

Oil and gas production and the average prices received (excluding gains and losses from derivatives) for the three and six months ended June 30, 2020 and 2019 were as follows:

PrimeEnergy is an independent oil and natural gas company actively engaged in acquiring, developing and producing oil and natural gas, and providing oilfield services, primarily in Texas and Oklahoma. The Company’s common stock is traded on the Nasdaq Stock Market under the symbol PNRG. If you have any questions on this release, please contact Connie Ng at (713) 735-0000 ext 6416.

Forward-Looking Statements: This Report contains forward-looking statements that are based on management's current expectations, estimates and projections. Words such as "expects," "anticipates," "intends," "plans," "believes", "projects" and "estimates," and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, and are subject to the safe harbors created thereby. These statements are not guarantees of future performance and involve risks and uncertainties and are based on a number of assumptions that could ultimately prove inaccurate and, therefore, there can be no assurance that they will prove to be accurate. Actual results and outcomes may vary materially from what is expressed or forecast in such statements due to various risks and uncertainties. These risks and uncertainties include, among other things, the possibility of drilling cost overruns and technical difficulties, volatility of oil and gas prices, competition, risks inherent in the Company's oil and gas operations, the inexact nature of interpretation of seismic and other geological and geophysical data, imprecision of reserve estimates, and the Company's ability to replace and expand oil and gas reserves. Accordingly, stockholders and potential investors are cautioned that certain events or circumstances could cause actual results to differ materially from those projected.

PrimeEnergy Resources Corporation
Connie Ng
(713) 735-0000 ext 6416

Clean Energy Facility Capable of Powering an Average of 30,000 Texas Homes Annually

174 Power Global Affiliate Chariot Energy Commits to Purchasing Nearly 20% of Oberon Output

HOUSTON--(BUSINESS WIRE)--174 Power Global today announced that it has completed and energized its Oberon Solar Power Facility (“Oberon”), one of the largest utility-scale solar generation facilities in Texas. Chariot Energy, an affiliate of 174 Power Global, has entered into a power purchase agreement (PPA) for 30 megawatts (MW) of the 180-MW project to support its 100 percent renewable energy product offering to retail customers across the deregulated Texas energy market, the Electric Reliability Council of Texas (“ERCOT”).

“This is a major milestone for both 174 Power Global and Chariot Energy, as we commissioned this project as a means of helping transform the way energy is generated and provided to the grid,” said 174 Power Global and Chariot Energy President and CEO, Henry Yun, PhD. “This announcement underscores our commitment to providing sustainable energy solutions to homes and businesses across the state.”

174 Power Global broke ground on the 180-MW project, located outside of Odessa in Ector County, in June 2019. The area was selected as it receives an abundance of productive sun and is a welcoming environment for new business by the local community. The facility is comprised of more than 560,000 solar panels.

The energy generated by the Oberon facility also will directly benefit Chariot Energy retail customers, who will receive grid energy powered by solar, without the need for the upfront expense of costly equipment traditionally required to go solar.

“Last year, we set out to position Chariot Energy as a leader in the renewable energy space at the consumer level in Texas, in addition to providing world-class customer service and transparency in our product offerings,” said Yun. “Today’s announcement does just that. Customers who choose Chariot Energy get clean, solar-generated electricity at prices competitive with energy plans that rely on traditional sources of energy, such as fossil fuels.”

About 174 Power Global

Irvine, California-headquartered 174 Power Global is a leading solar energy company that is wholly owned by the Hanwha Group. With deep expertise across the full spectrum of the project development cycle, 174 Power Global works closely with landowners, local communities, financial investors and other partners to build highly productive, utility scale solar power plants throughout North America. Since its formation in 2017, 174 Power Global has signed nearly 2 gigawatts (GW) of power purchase agreements and has more than 6 GW of additional projects in the development pipeline. The Company was ranked as the 2018 number #1 solar project development company in the United States by Wood Mackenzie. 174 Power Global’s name was inspired by the 174 petawatts (PW) of power the earth receives from the sun at any moment.

For more information, visit: www.174powerglobal.com/

About Chariot Energy

Chariot Energy is a Houston-headquartered retail energy provider that provides 100% clean, renewable energy to the Texas market. By offering simple, transparent and reliable electricity products to the communities it serves, Chariot Energy is transforming the energy supply for Texas while modernizing and simplifying the way solar energy is sold and delivered. In collaboration with its affiliate companies, Chariot Energy is able to bring competitive prices to the market by leveraging its value chain from the manufacturing of the solar modules and development of utility scale solar plants to the delivery of renewable power to homes and businesses.

Chariot Energy’s mission is to bring solar electricity to all, without a premium.

Chariot Energy was recently named a top three retail electricity provider by the readers of the Houston Chronicle and awarded five out of five stars by the Public Utilities Commission of Texas (PUCT). Additionally, a well-established energy ratings website named Chariot Energy a top two retail energy provider, ahead of legacy brands, such as Reliant, TXU and Gexa.

For more information, visit: https://chariotenergy.com/

For media inquiries:
Kelly Kimberly
713.822.7538
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Brian Armentrout
281.968.5635
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NINGBO, China--(BUSINESS WIRE)--Recently, the research project titled "Development of 1.5 T cryogen-free superconducting magnets" has achieved a phased breakthrough and the University of Nottingham Ningbo China (UNNC) is expected to introduce the world's first 1.5T rotatable dual-gesture magnetic resonance imaging (MRI) scanner soon.

This is a collaboration among UNNC, Ningbo Gaosi Superconducting Technology Co. Ltd, Ningbo XinGaoYi Medical Equipment Co. Ltd, the First Affiliated Hospital of Zhejiang University School of Medicine, and China Academy of Sciences University Ningbo Hwamei Hospital.

Helium, a rare gas and a by-product of natural gas industry, is the ideal cooling medium to achieve the extreme-low temperature in MRI, but has become strategic material and experienced a rocketed price rise in recent years. The development of cryogen-free superconducting magnets has become more and more important.

"We have successfully developed the first prototype 1.5T cryogen-free superconducting magnet, and run it for over one year to prove its feasibility and stability," said Dr Chengbo Wang, the director of Magnetic Resonance Imaging (MRI) Research Centre at UNNC. This new magnet replaces the refrigerant liquid helium with low-cost copper, making the new MRI system extremely safe. It is expected to save six billion RMB of cost within five years when replacing the traditional MRI system.

According to Dr Wang, his team is responsible for the development of innovative applications for this new cryogen-free MRI. Currently the team is working on developing a rotatable dual-gesture 1.5T MRI, which is probably the first clinically available whole-body rotatable MRI around the globe. The machine is expected to settle in UNNC in the near future.

“Due to the explosive property of liquid helium, conventional MRI are difficult and not safe to move or rotate,” explains Dr Wang. Therefore, the successful development of the whole-body superconducting cryogen-free magnets indicates many new breakthroughs such as mobile MRI, or MRI scans in a standing gesture.

Dr Wang and his team are also seeking solutions to install cryogen-free MRIs in small or enclosed spaces, which will significantly boost the improvement in mobile medical technology.

University of Nottingham Ningbo China
Chuchu Lou
Content Manager
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HOUSTON--(BUSINESS WIRE)--National Oilwell Varco, Inc. (the “Company” or “NOV”) (NYSE: NOV) announced today that it has commenced a cash tender offer for any and all of its outstanding $400,000,000 aggregate principal amount of 2.600% Senior Unsecured Notes due 2022 (CUSIP No. 637071 AJ0) (the “Notes”), on the terms and subject to the conditions set forth in the Offer to Purchase, dated the date hereof (the “Offer to Purchase”), and the related Notice of Guaranteed Delivery attached to the Offer to Purchase (the “Notice of Guaranteed Delivery”). The tender offer is referred to herein as the “Offer.” The Offer to Purchase and the Notice of Guaranteed Delivery are referred to herein collectively as the “Offer Documents.”

The tender offer consideration for each $1,000 principal amount of the Notes purchased pursuant to the Offer will be $1,035 (the “Tender Offer Consideration”). Holders must validly tender (and not validly withdraw) or deliver a properly completed and duly executed Notice of Guaranteed Delivery for their Notes at or before the Expiration Time (as defined below) in order to be eligible to receive the Tender Offer Consideration. In addition, holders whose Notes are purchased in the Offer will receive accrued and unpaid interest from the last interest payment date to, but not including, the Payment Date (as defined in the Offer to Purchase) for the Notes. The Company expects the Payment Date to occur on August 26, 2020 and the Guaranteed Delivery Payment Date to occur on August 28, 2020.

The Offer will expire at 5:00 p.m., New York City time, on August 25, 2020 (such time and date, as it may be extended by the Company, the “Expiration Time”), unless extended or earlier terminated by the Company. The Notes tendered may be withdrawn at any time at or before the Expiration Time by following the procedures described in the Offer to Purchase.

The Company’s obligation to accept for purchase and to pay for the Notes validly tendered and not validly withdrawn pursuant to the Offer is subject to the satisfaction or waiver, in the Company’s discretion, of certain conditions, which are more fully described in the Offer to Purchase. The complete terms and conditions of the Offer are set forth in the Offer Documents. Holders of the Notes are urged to read the Offer Documents carefully.

The Company has retained D.F. King & Co., Inc. as the tender agent and information agent for the Offer. The Company has retained Barclays Capital Inc. (“Barclays”) and J.P. Morgan Securities LLC (“J.P. Morgan”) as the dealer managers (the “Dealer Managers”) for the Offer.

Holders who would like additional copies of the Offer Documents may call or email the information agent, D.F. King & Co., Inc. at (212) 269-5550 (banks and brokers), (800) 967-7510 (all others), or This email address is being protected from spambots. You need JavaScript enabled to view it.. Copies of the Offer to Purchase and Notice of Guaranteed Delivery are also available at the following website: www.dfking.com/nov. Questions regarding the terms of the Offer should be directed to Barclays at (800) 438-3242 (U.S. toll-free) or (212) 528-7581 (collect) or J.P Morgan at (866) 834-4666 (toll-free) or (212) 834-3424 (collect).

This press release shall not constitute an offer to buy, or a solicitation of an offer to sell, any Notes. The Offer is being made solely pursuant to the Offer Documents. The Offer is not being made to holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction in which the securities laws or blue sky laws require the Offer to be made by a licensed broker or dealer, the Offer will be deemed to be made on behalf of the Company by the Dealer Managers or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction.

About NOV

NOV is a leading provider of technology, equipment, and services to the global oil and gas industry that supports customers’ full-field drilling, completion, and production needs. Since 1862, NOV has pioneered innovations that improve the cost-effectiveness, efficiency, safety, and environmental impact of oil and gas operations. NOV powers the industry that powers the world.

Visit www.nov.com for more information. Information on the Company’s website is not part of this release.

Cautionary Notice Regarding Forward-Looking Statements

Statements made in this press release that are forward-looking in nature are intended to be “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and may involve risks and uncertainties. Such statements include plans, projections and estimates regarding the Offer. Such forward-looking statements are subject to certain risks, uncertainties and assumptions, including prevailing market conditions, satisfaction of conditions, changes in timing and other factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expected. Readers are referred to documents filed by NOV with the SEC, including the Annual Report on Form 10-K and Quarterly Report on Form 10-Q, which identify significant risk factors. Actual results may differ from those contained in the forward-looking statements. The Company undertakes no obligation to update forward-looking statements, except as required by law.

Blake McCarthy
(713) 815-3535

Veteran executive to lead company’s next phase of growth and innovation

BOSTON--(BUSINESS WIRE)--BriefCam, the industry’s leading provider of Video Content Analytics and VIDEO SYNOPSIS® solutions, today announced the appointment of Gil Briman as its Chief Executive Officer. Briman joins the organization to build upon BriefCam’s momentum delivering the best-in-class video analytics platform.

“Gil is a stand-out international technology executive with an impressive track record of market-leading business growth, operational excellence and innovation,” said Seymour Liebman, Executive Vice President, CEO and General Counsel of Canon USA, Inc. and Chairman of BriefCam. “His strategic vision, inspiring leadership and ability to execute are exactly what BriefCam needs as it enters its next chapter. We are thrilled to welcome him aboard and look forward to an exciting future as the company continues to be at the forefront of the video analytics market.”

As CEO, Briman will focus on driving the company strategy to help organizations transform video into actionable intelligence through BriefCam’s innovative and comprehensive video content analytics platform.

“This is an exciting time for intelligent video surveillance, and I am thrilled to lead the BriefCam team towards further growth and innovation,” said Briman. “The company’s long-standing and successful track record in the video analytics space, coupled with a winning strategy, has enabled it to grow continuously. Building further on this success is a challenge I accept with enthusiasm, confidence, and fierce determination. The company’s innovation and differentiation resonates strongly across verticals and industries, and I look forward to this next chapter for the company.”

Briman has 27 years of experience leading global technology companies. Prior to joining BriefCam, he held the position of CEO at Solcon Group, a dynamic power electronics company that has been at the forefront of design, development and manufacturing of industrial electronic systems. During his tenure at Solcon, Briman established a strong track record in initiating and leading change, obtaining strong results and strengthening innovation amid a rapidly market landscape. Before joining Solcon, Briman served as Vice President for APAC at Mellanox, a computer network products company (recently acquired by NVIDIA) where he led a complex business to drive substantial growth and instantiated significant strategic alliances with leading OEM partners. Previous to Mellanox, Briman was Vice President and General Manager at Amdocs, a company specializing in software and services for communications, media and financial services providers and digital enterprises.

About BriefCam

BriefCam is the industry’s leading provider of Deep Learning and VIDEO SYNOPSIS® solutions for rapid video review and search, face and license plate recognition, real-time alerting, and quantitative video insights. By transforming raw video into actionable intelligence, BriefCam dramatically shortens the time-to-target for security threats while increasing safety and optimizing operations. BriefCam’s award-winning products are deployed by law enforcement and public safety organizations, government and transportation agencies, major enterprises, healthcare and educational institutions, and local communities worldwide.

BriefCam
Stephanie Weagle
CMO
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Moxie & Mettle
Justine Schneider
201-921-9428
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DUBLIN--(BUSINESS WIRE)--The "Micro Inverter Market - Growth, Trends, and Forecast (2020-2025)" report has been added to ResearchAndMarkets.com's offering.

The Micro Inverter Market is expected to register a CAGR of 20.8% during the forecast period of 2020-2025.

Microinverter is a device which converts direct current (DC) generated by solar cells to alternating current (AC). The demand for these inverters is increasing amongst the commercial sector on account of increasing electricity cost and longer installation duration of string inverters.

The factors like enabling module-level monitoring, easier installation, enhanced design flexibility, removing the need for DC switching points and better safety than conventional inverters are some factors that are fueling the growth of micro inverter market.

The microinverter market is driven by constant R&D activities and significant reduction in the costs of microinverters. Further, market also receives a great boost due to its compact size and versatility. Also, increasing requirement of consumers, based on modularity, safety, and maximum energy harvest will continue to drive the market at a considerable pace in the forecast period.

Due to COVID-19 pandemic spread around the world, disruption in supply of micro inverters has quickly turned to an unprecedented stall in global demand, switching the industry almost overnight from a sellers' market to a buyer's markets.

COVID-19 is also expected to severely hit the planning and completion of new projects in 2020 for this market. In solar, a shortage of installation components including inverters and modules is pushing prices up by as much as 15 per cent in markets like United States.

Key Market Trends

Residential Segment to Drive the Market Growth

• The increasing adoption of solar photovoltaic in the residential sector is primarily driven by expected savings in electricity costs, the need for an alternative source of electricity, and the desire to mitigate climate change risk. Therefore, boosting the growth opportunities for micro inverter market.
• During the forecast period, the share of the rooftop solar PV is expected to increase, on account of decreasing solar PV costs, supportive government policies for residential solar PV, FIT programs and incentives, and targets set by various governments for solar energy are some of the key factors that are driving the micro inverter market.
• The cost reductions are driven by continuous technological improvements, including higher solar PV module efficiencies. The industrialization of these highly modular technologies has yielded impressive benefits, from economies of scale and greater competition to improved manufacturing processes and competitive supply chains which further accelerate the growth of micro inverter market.

Asia-Pacific to Register Highest Market Growth

• APAC is expected to be the fastest-growing market for micro-inverter as currently, many countries such as China, Japan, India, and Australia are striving to boost their solar PV installation capacity through advanced solar PV systems that could, in turn, enhance electric stability.
• APAC has several operational micro-inverter installations for residential, commercial, and PV power plant applications. Japan and Australia have been the major adopters of micro-inverter technology. Also, the growth in residential rooftop solar PV installations in India and Japan encourages manufacturers to cater to the needs of potential customers in this region.
• In countries such as India, China, and Japan, respective governments have laid regulations and reforms, as well as initiatives, for modernizing the power sector.
• In India, the residential PV installation cost is estimated to be at USD 1000 per KW, which is higher, when compared to its commercial counterpart (USD 692 per KW). However, the Indian costs of installations are cheaper, when compared to the global average for both residential (USD 1638 per KW) and commercial (USD 1379 per KW).These factors fuel the market growth in the region.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.2.1 Rise in benefits and awareness about the renewable energy sources along with increased adoption

4.2.2 Cost-effectiveness and increased developments of these products

4.3 Market Restraints

4.3.1 High installation and maintenance costs

4.4 Industry Value Chain Analysis

4.5 Industry Attractiveness - Porter's Five Forces Analysis

4.6 Assessment of Impact of COVID-19 on the Industry

5 MARKET SEGMENTATION

5.1 By Type

5.1.1 Single Phase

5.1.2 Three Phase

5.2 By Communication Technology

5.2.1 Wired

5.2.2 Wireless

5.3 By Sales Channel

5.3.1 Direct

5.3.2 Indirect

5.4 By Application

5.4.1 Residential

5.4.2 Commercial

5.4.3 PV Power Plant

5.5 Geography

5.5.1 North America

5.5.2 Europe

5.5.3 Asia-Pacific

5.5.4 Rest of the World

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

6.1.1 Enphase Energy Inc.

6.1.2 Altenergy Power System Inc

6.1.3 Sunpower Corporation

6.1.4 Siemens AG

6.1.5 Zhejiang Envertech Corporation Limited

6.1.6 ReneSolaPower

6.1.7 Darfon Electronics Corp.

6.1.8 AEconversion GmbH & Co. KG

6.1.9 SMA Solar Technology AG

6.1.10 Sparq Systems

6.1.11 Omnik New Energy

6.1.12 Sensata Technologies Inc.

6.1.13 EnluxSolar Co. Ltd.

6.1.14 ABB

6.1.15 Delta Energy Systems

6.1.16 SolarEdge Technologies Inc.

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/o0g7sb

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Marine Fuel Injection System - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

The publisher brings years of research experience to the 8th edition of this report. The 287-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Marine Fuel Injection System Market to Reach $5.6 Billion by 2027

Amid the COVID-19 crisis, the global market for Marine Fuel Injection System estimated at US$4.7 Billion in the year 2020, is projected to reach a revised size of US$5.6 Billion by 2027, growing at a CAGR of 2.5% over the analysis period 2020-2027.

Inland Waterways Transport Vessel, one of the segments analyzed in the report, is projected to record a 2.6% CAGR and reach US$1.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Commercial Vessels segment is readjusted to a revised 2.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.3 Billion, While China is Forecast to Grow at 4.7% CAGR

The Marine Fuel Injection System market in the U.S. is estimated at US$1.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2027 trailing a CAGR of 4.7% 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 1.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.1% CAGR.

Offshore Support Vessels Segment to Record 2.1% CAGR

In the global Offshore Support Vessels segment, USA, Canada, Japan, China and Europe will drive the 1.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$736.7 Million in the year 2020 will reach a projected size of US$828.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$759.2 Million by the year 2027, while Latin America will expand at a 2.8% CAGR through the analysis period.

Competitors identified in this market include, among others:

• Caterpillar, Inc.
• Cummins, Inc.
• Delphi Automotive PLC
• Denso Corporation
• Liebherr International Deutschland GmbH
• MAN SE
• Robert Bosch GmbH
• Rolls-Royce Holdings PLC
• Woodward, Inc.
• YANMAR Co., Ltd.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Product Overview
• Marine Fuel Injection System: A Prelude
• Global Competitor Market Shares
• Marine Fuel Injection System Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Innovations & Advancements

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

Total Companies Profiled: 47

For more information about this report visit https://www.researchandmarkets.com/r/kqkk0p

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Industry Boosted by the Maturing Oil and Gas Fields and Aging Platforms

LONDON--(BUSINESS WIRE)--#GlobalOffshoreDecommissioningMarket--The global offshore decommissioning market size is expected to grow by USD 1.77 billion during 2020-2024, progressing at a CAGR of almost 6% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of the Market Impact of COVID-19.

The need for decommissioning an oil field arises due to a decline in production of crude oil or natural gas from the producing well. When the production reduces to the level where the operating cost involved in running the offshore facility is high, and the revenue generated by selling the crude oil is low, the oil well becomes a liability for the oil company as it is no more economically feasible to continue with the operations. For instance, according to the EIA, crude oil prices crashed from over USD 1.2 per gallon in 2017 to USD 0.8 per gallon in 2020 in the US. The decline in the price of crude oil will drive well decommissioning leading to the growth of the market.

Report Highlights

• In 2019, the major offshore decommissioning market share came from the well plugging and abandonment segment, which is expected to witness the fastest growth during the next five years. This is primarily because of the presence of numerous mature offshore oil and gas wells globally, especially in the GoM and the North Sea.
• Europe was the largest offshore decommissioning market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. This is attributed to factors such as the increasing number of mature offshore infrastructure in the basins of the North Sea and stringent regulatory environment in major oil and gas-producing countries of the region such as the UK and Norway.
• The global offshore decommissioning market is fragmented. Aker Solutions ASA, General Electric Co., Halliburton Co., John Wood Group Plc, Oceaneering International Inc., Ramboll Group AS, Schlumberger Ltd., TechnipFMC Plc, TETRA Technologies Inc., and Weatherford International Plc. are some of the major market participants. To help clients improve their market position, this offshore decommissioning market forecast report provides a detailed analysis of the market leaders.
• As the business impact of COVID-19 spreads, the Global Offshore Decommissioning Market 2020-2024 is expected to have negative & at par growth. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.

Read the full report here: www.technavio.com/report/offshore-decommissioning-market-industry-analysis?

Rising Investments in Renewable Energy will be a Key Market Trend

The rising investment in renewable energy is one of the key emerging trends in the global offshore decommissioning market. The key to achieving economic, social, and environmental development is to shift from fossil fuels to renewable sources such as wind, solar, and geothermal. Thus, many countries are adopting renewable energy sources such as solar energy, mainly due to the reduction in the overall installation cost associated with solar photovoltaics. This has increased the adoption of alternative sources of energy, which is driving attention away from the oil and gas sector, thus leading to the growth of the well decommissioning market.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report

Offshore Decommissioning Market 2020-2024 : Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist offshore decommissioning market growth during the next five years
• Estimation of the offshore decommissioning market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the offshore decommissioning market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of offshore decommissioning market vendors

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Technavio Research
Jesse Maida
Media & Marketing Executive
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Website: www.technavio.com/

ARLINGTON, Va.--(BUSINESS WIRE)--Accenture Federal Services (AFS), a subsidiary of Accenture (NYSE: ACN), is one of eight firms awarded a position on a contract to help the U.S. Air Force manage and execute enterprise-wide transformation efforts.

The indefinite delivery/indefinite quantity contract has a five-year ordering period, with a maximum value of $990 million and was awarded by Air Force District of Washington, Secretary of the Air Force Enterprise Support Division for the Deputy Under Secretary of the Air Force, Management and Deputy Chief Management Office.

The Air Force defines transformation as fundamentally changing its systems processes, people and/or technology to achieve measurable improvements in efficiency and effectiveness and stakeholder satisfaction. Work under the contract includes organizational support for the Air Force Deputy Chief Management Officer as well as the Deputy Assistant Secretary for the Air Force Office of Business Transformation.

“We look forward to teaming with the Air Force as they accelerate the development and deployment of digital technologies, said Vince Vlasho, Accenture Federal Services Defense portfolio lead. “Through our deep experience in advanced technology implementations, AFS can help the Air Force advance its goal of enterprise-wide transformation in the years ahead.”

The services that Accenture would provide include digital solutions, the alignment of organizational models, and data-driven performance management across up to 10 Department of Defense (DoD) lines of business: contract/category management; financial management; information technology; acquisition/logistics/supply chain; healthcare; community services; human resources; real property; digital transformation; and the DoD 4^th Estate.

“We are honored to have the opportunity to support the Air Force in its transformation efforts,” said Susan Lawrence, deputy director of the AFS Defense portfolio. “We will apply our experience in areas like digital innovation, workforce transformation and continuous process improvement to help increase Air Force readiness at all levels.”

About Accenture Federal Services

Accenture Federal Services, a subsidiary of Accenture (NYSE: ACN), is a U.S. company with offices in Arlington, Virginia. Accenture’s federal business has served every cabinet-level department and 30 of the largest federal organizations. Accenture Federal Services transforms bold ideas into breakthrough outcomes for clients at defense, intelligence, public safety, civilian and military health organizations. Learn more at www.accenturefederal.com

About Accenture

Accenture is a leading global professional services company, providing a broad range of services in strategy and consulting, interactive, technology and operations, with digital capabilities across all of these services. We combine unmatched experience and specialized capabilities across more than 40 industries — powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. With 513,000 people serving clients in more than 120 countries, Accenture brings continuous innovation to help clients improve their performance and create lasting value across their enterprises. Visit us at www.accenture.com

Jane Norris
Accenture Federal Services
+1 571 414 4475
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Leading truck leasing company to conduct national tour of Hyliion’s hybrid powertrain technology for U.S. commercial fleets

AUSTIN, Texas--(BUSINESS WIRE)--Hyliion Inc. (Hyliion), a leader in electrified powertrain solutions for Class 8 commercial vehicles, and Dana Incorporated (NYSE: DAN), a leader in commercial vehicle drivetrains known for its Spicer Electrified technologies, have launched a national program with Idealease to demonstrate Hyliion’s Hybrid Diesel Powertrain to Idealease customers. Idealease is North America’s premier full-service commercial truck leasing, rental and maintenance company.

Hyliion’s Hybrid Diesel system can reduce fuel usage, decrease greenhouse gas emissions, improve performance and reduce operating costs for today’s leading commercial fleets and brands. It is designed to be installed on most major Class 8 commercial vehicles.

“Working with industry leaders like Idealease and Dana is critical to introducing our technology to fleets throughout the country,” said Thomas Healy, CEO and founder of Hyliion. “The commercial transportation industry has reached a pivotal point where environmental impact is paramount to business success. Our hybrid system has the potential to transform diesel fleets, offering an immediate, sustainable impact on a company’s carbon footprint while delivering a positive return for their business.”

Idealease’s national tour will continue through the end of 2020, offering short-term rental agreements to Idealease customers interested in evaluating Hyliion’s technology. The hybrid system is installed on an International LT Series chassis and leverages Dana’s latest lightweight, fuel-efficient S23-175 drive axle and reliable SPL driveline, delivering optimal performance and powertrain efficiency. It includes the Hyliion in-cab APU, which provides additional fuel savings by eliminating vehicle idling when picking up and delivering loads.

“Idealease is committed to equipping our customers with the world’s leading technology that reduces operating costs while reinforcing our commitment to building a more sustainable commercial transportation industry,” said Andy McEnaney, vice president of affiliate services at Idealease. “With Hyliion’s hybrid system, we expect to see great results in fuel efficiency, vehicle performance, cost savings and emissions reductions—all of which are critical decision factors for our customers.”

For more information on Hyliion, visit www.hyliion.com.

About Hyliion
Headquartered in Austin, Texas, Hyliion’s mission is to reduce the carbon intensity and greenhouse gas (GHG) emissions of commercial transportation Class 8 vehicles by being the leading provider of electrified powertrain solutions. Leveraging advanced software algorithms and data analytics capabilities, Hyliion offers fleets an easy, efficient system to decrease fuel and operating expenses while seamlessly integrating with their existing fleet operations. It designs, develops and sells electrified powertrain solutions that are designed to be installed on most major Class 8 commercial vehicles, with the goal of transforming the commercial transportation industry’s environmental impact at scale. For more information, visit www.hyliion.com.

About Idealease
Idealease has served the transportation industry since 1982. With over 400 locations in the U.S., Canada and Mexico, Idealease ranks as one of North America’s largest full service transportation companies. The Idealease fleet numbers over 45,000 trucks, tractors, and trailers.

Idealease is uniquely qualified to service fleets of all sizes. Our locations throughout North America play active roles in the development and support of their local communities and customers. In addition, Idealease National Accounts coordinate and manage the service of some of North America’s largest private fleets.

Providing a safe, cost-effective and efficient alternative to commercial truck ownership, Idealease possesses the industry expertise to seamlessly transition businesses from truck ownership to full service leasing. For more information, visit idealease.com.

About Dana Incorporated
Dana is a world leader in providing power-conveyance and energy-management solutions that are engineered to improve the efficiency, performance, and sustainability of light vehicles, commercial vehicles, and off-highway equipment. Enabling the propulsion of conventional, hybrid, and electric-powered vehicles, Dana equips its customers with critical drive and motion systems; electrodynamic technologies; and thermal, sealing, and digital solutions.

In 2019, the company reported sales of $8.6 billion with 36,000 associates in 34 countries across six continents. Based in Maumee, Ohio, USA, and founded in 1904, Dana has established a high-performance culture that focuses on its people, and the company has earned recognition around the world as a top employer. Learn more at dana.com.

Danielle South
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512-662-7078

ANNAPOLIS, Md.--(BUSINESS WIRE)--$HASI--Hannon Armstrong Sustainable Infrastructure Capital, Inc. (“Hannon Armstrong” or the “Company”) (NYSE: HASI), a leading investor in climate change solutions, today announced it has upsized and priced its private offering of $375 million in aggregate principal amount of 3.75% senior unsecured notes due 2030 (the “Senior Unsecured Notes”) by its indirect subsidiaries, HAT Holdings I LLC (“HAT I”) and HAT Holdings II LLC (“HAT II,” and together with HAT I, the “Issuers”). The offering was upsized from the previously announced $350 million in aggregate principal amount.

The Senior Unsecured Notes will be guaranteed by the Company, Hannon Armstrong Sustainable Infrastructure, L.P., and Hannon Armstrong Capital, LLC. The settlement of the Senior Unsecured Notes is expected to occur on August 25, 2020, subject to customary closing conditions. The Notes (as defined below) are expected to be rated BB+ by Standard & Poor's Rating Services and Fitch Ratings.

The Company believes the Notes meet the environmental eligibility criteria for green bonds as defined by the International Capital Market Association’s Green Bond Principles. The Company intends to utilize the net proceeds of the offering of the Notes to acquire or refinance, in whole or in part, eligible green projects, which include assets that are neutral to negative on incremental carbon emissions. In addition, these projects may include projects with disbursements made during the twelve months preceding the issue date of the bonds and those with disbursements to be made following the issue date. Prior to the full investment of such net proceeds, the Company intends to invest such net proceeds in interest-bearing accounts and short-term, interest-bearing securities which are consistent with the Company's intention to continue to qualify for taxation as a REIT.

The Senior Unsecured Notes and the related guarantees will be offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and non-U.S. persons outside the United States pursuant to Regulation S under the Securities Act. The Senior Unsecured Notes and the related guarantees will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent an effective registration statement or an applicable exemption from the registration requirements of the Securities Act or any state securities laws.

Additionally, the Company announced the pricing of its underwritten public offering of $125 million aggregate principal amount of its 0% convertible senior notes due August 2023 (the “Convertible Notes,” and together with Senior Unsecured Notes, the “Notes”). The Company has granted to the underwriters a 30‑day over-allotment option to purchase up to an additional $18.75 million aggregate principal amount of the Convertible Notes.

The Convertible Notes will not bear regular interest, and the principal amount of the Convertible Notes will not accrete. The conversion rate will initially equal 20.6779 shares of common stock per $1,000 principal amount of notes, which is equivalent to a conversion price of approximately $48.36 per share of common stock, representing a 27.5% conversion premium based on the closing price of the Company's common stock of $37.93 per share on August 18, 2020. The initial conversion rate is subject to adjustment upon the occurrence of certain events. The Convertible Notes will mature on August 15, 2023. The offering of the Convertible Notes is expected to close on or about August 21, 2021, subject to customary closing conditions.

Morgan Stanley is acting as a sole book-running manager and Oppenheimer & Co. Inc. is acting as a co-manager for the offering of the Convertible Notes.

A registration statement relating to the Convertible Notes has been filed with the Securities and Exchange Commission ("SEC") and has become effective. The offering of the Convertible Notes will be made by means of a preliminary prospectus supplement and accompanying prospectus. A copy of the preliminary prospectus supplement and accompanying prospectus related to the offering of the Convertible Notes can be obtained by contacting Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, or email: This email address is being protected from spambots. You need JavaScript enabled to view it..

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Hannon Armstrong

Hannon Armstrong (NYSE: HASI) is the first U.S. public company solely dedicated to investments in climate change solutions, providing capital to leading companies in energy efficiency, renewable energy, and other sustainable infrastructure markets. With more than $6 billion in managed assets as of June 30, 2020, Hannon Armstrong’s core purpose is to make climate-positive investments with superior risk-adjusted returns.

Forward-Looking Statements

Some of the information in this press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this press release, words such as “believe,” “expect,” “anticipate,” “estimate,” “plan,” “continue,” “intend,” “should,” “may,” “target,” or similar expressions, are intended to identify such forward-looking statements. Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements include those discussed under the caption “Risk Factors” included in the Company’s Annual Report on Form 10-K for the Company’s fiscal year ended December 31, 2019 and the Company’s Quarterly Reports on Form 10-Q for the Company’s quarters ended March 31, 2020 and June 30, 2020, which were filed with the SEC, as well as in other reports that the Company files with the SEC.

Forward-looking statements are based on beliefs, assumptions and expectations as of the date of this press release. The Company disclaims any obligation to publicly release the results of any revisions to these forward-looking statements reflecting new estimates, events or circumstances after the date of this press release.

INVESTOR RELATIONS INQUIRIES
Chad Reed
410-571-6189
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Industry Boosted by the Increasing Use of Thin-Film Solar PV Modules

LONDON--(BUSINESS WIRE)--#GlobalSolarPVBacksheetMarket--The global solar PV backsheet market size is expected to grow by USD 2.06 billion during 2020-2024, progressing at a CAGR of almost 15% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of the Market Impact of COVID-19.

Thin-film solar PV modules are gaining prominence over other solar PV modules because they can be installed on curved surfaces and offer improved flexibility. They are less expensive and offer a promising growth option for the adoption of solar electricity. Cadmium telluride (CdTe) is the most commonly used type of thin-film solar PV module. Moreover, thin-film solar PV modules are extensively used in building-integrated photovoltaics (BIPVs). Thus, the diverse applications of thin-film solar PV modules are expected to drive market growth during the forecast period.

Report Highlights

• The major solar PV backsheet market growth came from the fluoropolymer segment in 2019, and it is expected to witness the fastest growth during the next five years. This is primarily because of the adoption and implementation of microgrids, declining cost of solar power generation, and a shift in focus toward renewables.
• APAC was the largest solar PV backsheet market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. This is attributed to factors such as the adoption and implementation of microgrids, declining cost of solar power generation, and a shift in focus toward renewables.
• The global solar PV backsheet market is fragmented. 3M Co., Agfa-Gevaert NV, Arkema SA, DuPont de Nemours Inc., Honeywell International Inc., Jolywood (Suzhou) Sunwatt Co. Ltd., Koninklijke DSM NV, KREMPEL GmbH, Nippon Light Metal Holdings Co. Ltd., and Toray Industries Inc. are some of the major market participants. To help clients improve their market position, this solar PV backsheet market forecast report provides a detailed analysis of the market leaders.
• As the business impact of COVID-19 spreads, the Global Solar PV Backsheet Market 2020-2024 is expected to have negative & inferior growth. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.

Read the full report here: www.technavio.com/report/solar-pv-backsheet-market-industry-analysis?

Growing Emphasis on Biodegradable solar PV Backsheeters will be a Key Market Trend

Solar power generation has emerged as one of the least expensive sources of clean energy. Several governments and organizations are undertaking initiatives and providing subsidies to reduce costs and increase solar power generation. For instance, The Solar Energy Technologies Office (SETO) of the US Department of Energy (US DOE) launched the SunShot Initiative in 2011 to reduce the cost and increase the adoption of solar-powered electricity. Such initiatives are expected to increase the number of solar PV panel installations globally. This will result in the global solar PV backsheet market growth during the forecast period as it is an integral component of the solar PV modules.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report

Solar PV Backsheet Market 2020-2024 : Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist solar PV backsheet market growth during the next five years
• Estimation of the solar PV backsheet market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the solar PV backsheet market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of solar PV backsheet market vendors

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

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