SAN RAMON, Calif. & LAKE MARY, Fla. & HOLLADAY, Utah--(BUSINESS WIRE)--#BESS--Chevron U.S.A. Inc., through its Chevron New Energies division, announced it has agreed on a framework to acquire an equity interest in ACES Delta, LLC (ACES Delta), which is a joint venture between Mitsubishi Power Americas Inc. (Mitsubishi Power) and Magnum Development, LLC (Magnum) that owns the Advanced Clean Energy Storage project. This project will produce, store and transport green hydrogen at utility scale for power generation, transportation and industrial applications in the western United States.
The joint venture is located in Delta, Utah, adjacent to the Intermountain Power Plant, which will use green hydrogen to produce electricity with lower lifecycle carbon emissions. Future anticipated projects include the expansion of green hydrogen supply to other Western states and the construction of connecting hydrogen infrastructure to build a regional hydrogen production, transportation and supply network. Chevron is working to build demand for hydrogen — and the technologies that support it — in heavy-duty transportation and industrial sectors in which greenhouse gas emissions are hard to abate.
“Chevron New Energies was created to grow new competitive business lines in areas like hydrogen,” said Jeff Gustavson, President of Chevron New Energies. “The potential to partner with Mitsubishi Power and Magnum Development on the Advanced Clean Energy Storage project presents an exciting opportunity that would bring together our unique strengths and would provide a scalable platform to supply our customers with affordable, reliable and ever-cleaner energy.”
Paul Browning, President and CEO of Mitsubishi Power Americas, said, “For several years, we’ve been working with early adopters of green hydrogen in the power sector that have easy access to salt domes or existing hydrogen infrastructure, such as the Intermountain Power Agency and Magnum Development. Now it’s time to connect massive geologic hydrogen storage in Delta, Utah, to power, transportation and industrial users throughout the western United States. Chevron’s footprint and expertise in the transportation and industrial sectors make them an ideal partner for this next phase of expansion. Together with our customers and partners, we are creating a Change in Power.”
“I look forward to the opportunity to collaborate with Chevron as a strategic partner in our ACES Delta venture. Chevron’s participation will add tremendous value as we develop a world class — and world’s largest — green hydrogen production and storage facility,” said Craig Broussard, President, CEO and Board Chairman of Magnum Development, LLC. “Combined with Chevron’s in-depth capabilities, the ACES Delta facility will serve as a platform to deliver on our shared vision and continue building our robust pipeline of high quality, actionable projects that will help decarbonize multiple sectors of the U.S. economy.”
ACES Delta is co-owned by Magnum, which is a Haddington Ventures portfolio company, and Mitsubishi Power. Chevron, Magnum and Mitsubishi Power are negotiating definitive documentation outlining Chevron’s participation in the joint venture. The terms of this transaction are subject to the negotiation of definitive agreements, and closing of the transaction will be subject to customary closing conditions.
About Chevron
Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. To advance a lower-carbon future, we are focused on cost efficiently lowering our carbon intensity, increasing renewables and offsets in support of our business, and investing in low-carbon technologies that enable commercial solutions. More information about Chevron is available at www.chevron.com.
About Mitsubishi Power Americas, Inc.
Mitsubishi Power Americas, Inc. (Mitsubishi Power) headquartered in Lake Mary, Florida, employs more than 2,300 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, Central, and South America. Mitsubishi Power’s power generation solutions include gas, steam, and aero-derivative turbines; power trains and power islands; geothermal systems; PV solar project development; environmental controls; and services. Energy storage solutions include green hydrogen, battery energy storage systems, and services. Mitsubishi Power also offers intelligent solutions that use artificial intelligence to enable autonomous operation of power plants. Mitsubishi Power, Ltd. is a wholly owned subsidiary of Mitsubishi Heavy Industries, Ltd. (MHI). Headquartered in Tokyo, Japan, MHI is one of the world’s leading heavy machinery manufacturers with engineering and manufacturing businesses spanning energy, infrastructure, transport, aerospace, and defense. For more information, visit the Mitsubishi Power Americas website and follow us on LinkedIn.
About Magnum Development
Magnum Development, LLC is developing multiple businesses utilizing the only known gulf style salt dome in the West. Magnum businesses include: hydrogen production and storage, compressed air energy storage (CAES), NGLs & refined products storage, crude oil storage, natural gas storage, storage of other industrial gases and salt sales. Located in Millard County, north of Delta, Utah, the 10,000-acre site is strategically located at the crossroads of existing and developing renewable electric, natural gas, petroleum liquids, rail and highway infrastructure.
CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This news release contains forward-looking statements relating to Chevron’s operations that are based on management's current expectations, estimates and projections about the petroleum, chemicals and other energy-related industries. Words or phrases such as “anticipates,” “expects,” “intends,” “plans,” “targets,” “advances,” “commits,” “drives,” “aims,” “forecasts,” “projects,” “believes,” “approaches,” “seeks,” “schedules,” “estimates,” “positions,” “pursues,” “may,” “can,” “could,” “should,” “will,” “budgets,” “outlook,” “trends,” “guidance,” “focus,” “on track,” “goals,” “objectives,” “strategies,” “opportunities,” “poised,” “potential” and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, many of which are beyond the company’s control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Unless legally required, Chevron undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are: changing crude oil and natural gas prices and demand for our products, and production curtailments due to market conditions; crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries and other producing countries; public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics, and any related government policies and actions; changing economic, regulatory and political environments in the various countries in which the company operates; general domestic and international economic and political conditions; changing refining, marketing and chemicals margins; the company’s ability to realize anticipated cost savings, expenditure reductions and efficiencies associated with enterprise transformation initiatives; actions of competitors or regulators; timing of exploration expenses; timing of crude oil liftings; the competitiveness of alternate-energy sources or product substitutes; technological developments; the results of operations and financial condition of the company’s suppliers, vendors, partners and equity affiliates, particularly during extended periods of low prices for crude oil and natural gas during the COVID-19 pandemic; the inability or failure of the company’s joint-venture partners to fund their share of operations and development activities; the potential failure to achieve expected net production from existing and future crude oil and natural gas development projects; potential delays in the development, construction or start-up of planned projects; the potential disruption or interruption of the company’s operations due to war, accidents, political events, civil unrest, severe weather, cyber threats, terrorist acts, or other natural or human causes beyond the company’s control; the potential liability for remedial actions or assessments under existing or future environmental regulations and litigation; significant operational, investment or product changes undertaken or required by existing or future environmental statutes and regulations, including international agreements and national or regional legislation and regulatory measures to limit or reduce greenhouse gas emissions; the potential liability resulting from pending or future litigation; the company's ability to achieve the anticipated benefits from the acquisition of Noble Energy, Inc.; the company’s future acquisitions or dispositions of assets or shares or the delay or failure of such transactions to close based on required closing conditions; the potential for gains and losses from asset dispositions or impairments; government mandated sales, divestitures, recapitalizations, taxes and tax audits, tariffs, sanctions, changes in fiscal terms or restrictions on scope of company operations; foreign currency movements compared with the U.S. dollar; material reductions in corporate liquidity and access to debt markets; the receipt of required Board authorizations to pay future dividends; the effects of changed accounting rules under generally accepted accounting principles promulgated by rule-setting bodies; the company’s ability to identify and mitigate the risks and hazards inherent in operating in the global energy industry; and the factors set forth under the heading “Risk Factors” on pages 18 through 23 of the company's 2020 Annual Report on Form 10-K and in other subsequent filings with the U.S. Securities and Exchange Commission. Other unpredictable or unknown factors not discussed in this news release could also have material adverse effects on forward-looking statements.
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Launches Climate Video Series Ahead of New York Climate Week
NEW YORK--(BUSINESS WIRE)--Prosek Partners, a global financial marketing communications and special situations firm, has today launched a video series on how the finance industry has the capacity and responsibility to help shape the solutions for the world’s energy transition.
The series, developed in conjunction with Prosek’s sustainable finance consulting partner Blue Dot Capital, features interviews with leaders across the banking and investment management space who have significant climate strategies in place and are actively committed to progressing the transition to a more sustainable energy future.
Jennifer Prosek, CEO and managing partner of Prosek Partners said of the initiative, “We are lucky to work with some of the biggest players in the industry tackling climate change and given our own commitment to the issue, wanted to use our platform to share their thoughtful approaches to address the pressing need for immediate climate action.”
Sharadiya Dasgupta, founding partner of Blue Dot Capital added, “Following the recent IPCC report which reiterated the importance of confronting climate change today, not tomorrow, it is crucial that financial services firms around the world build and implement pragmatic and measurable ESG solutions that target climate change. While there is still a long way to go, we look forward to working closely with our allies in the finance industry to become a part of the solution.”
The full video series can be accessed here: https://www.prosek.com/climate-change-perspectives/
About Prosek Partners
Prosek Partners is among the largest independent communications and marketing firms in the U.S. and one of the few domestic, mid-size firms that offers global capabilities through its London office and international network. Specializing in providing a full range of communications solutions to financial and professional services companies, the firm delivers an unexpected level of passion, creativity and marketing savvy. Prosek Partners’ “Unboxed Communications” approach brings breakthrough ideas to every client engagement. Services include digital and traditional media relations, financial communications, investor relations, transaction services, crisis communications and issues management, digital marketing, design and creative services, content creation, publishing, media training and branded entertainment. The firm has been named an Inc. 5000 Fastest-Growing Company, a “Top Place to Work in PR” by PR News, A New York Observer Power PR firm, and a PRovoke “Best Agency to Work For” and “Agency of the Year.” Prosek Partners is a certified Woman-Owned Business. For more information about Prosek Partners please visit www.prosek.com or follow the agency on Twitter at www.twitter.com/prosekpr.
About Blue Dot Capital
Blue Dot Capital is a strategic sustainable finance consultancy. Blue Dot Capital partners with investors and investment managers to support the development and execution of ESG and impact investing capabilities across asset classes. Blue Dot’s clients and partners include asset- and wealth-management firms, alternative-investment firms and single-family offices. For more information about Blue Dot Capital, please visit www.bluedotcapital.co or follow the firm on LinkedIn at https://www.linkedin.com/company/blue-dot-capital-inc
Blue Dot Capital is a PRI Signatory and a SASB Alliance Member.
Breanna King
Prosek Partners
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TAMPA, Fla.--(BUSINESS WIRE)--Overseas Shipholding Group, Inc. (the “Company” or “OSG”) (NYSE: OSG), a public company focused on providing energy transportation services for crude oil and petroleum products primarily in the U.S. Jones Act market, announced today that the strategic process to explore, review and evaluate a range of strategic alternatives available to the Company to enhance shareholder value that OSG’s Board of Directors had previously commenced, is continuing.
As noted in its previous announcement, the Company’s Board of Directors has not set a timetable for the strategic process, nor has it made any decisions related to strategic alternatives. There can be no assurance that the exploration of strategic alternatives will result in a sale of the Company, or in any other strategic change or outcome. The Company’s current intention is not to disclose developments with respect to the strategic process unless and until the Board has approved a specific course of action, on the recommendation of the special transaction committee, or otherwise determines that disclosure is necessary or appropriate.
About Overseas Shipholding Group, Inc.
Overseas Shipholding Group, Inc. (NYSE: OSG) is a publicly traded company providing energy transportation services for crude oil and petroleum products in the U.S. Flag markets. OSG is a major operator of tankers and ATBs in the Jones Act industry. OSG’s 22 vessel U.S. Flag fleet consists of three crude oil tankers doing business in Alaska, two conventional ATBs, two lightering ATBs, three shuttle tankers, ten MR tankers, and two non-Jones Act MR tankers that participate in the U.S. Maritime Security Program. OSG also currently owns and operates one Marshall Islands flagged MR tanker which trades internationally.
OSG is committed to setting high standards of excellence for its quality, safety and environmental programs. OSG is recognized as one of the world’s most customer-focused marine transportation companies and is headquartered in Tampa, FL. More information is available at www.osg.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts should be considered forward-looking statements. Words such as “may”, “will”, “should”, “would”, “could”, “appears”, “believe”, “intends”, “expects”, “estimates”, “targeted”, “plans”, “anticipates”, “goal”, and similar expressions are intended to identify forward-looking statements but should not be considered as the only means by which these statements may be made. Such forward-looking statements represent the Company’s reasonable expectations with respect to future events or circumstances based on various factors and are subject to various risks, uncertainties, and assumptions relating to the Company’s operations, financial results, financial condition, business, prospects, growth strategy and liquidity. Accordingly, there are or will be important factors, many of which are beyond the control of the Company, that could cause the Company’s actual results or outcomes, or the timing of certain events, to differ materially from the expectations expressed or implied in these statements, including as a result of the uncertainty associated with being able to identify, evaluate and complete any strategic transaction or alternative, the impact of the announcement of the special transaction committee’s review of strategic alternatives, as well as any strategic transaction or alternative that may be pursued, on the Company’s business, including its financial and operating results and its employees. Undue reliance should not be placed on any forward-looking statements and, when reviewing any forward-looking statements, consideration should be given to factors including, but not limited to, those factors discussed in the Company’s Annual Report on Form 10-K, filed with the SEC on April 1, 2021, and those factors discussed in the Company’s Quarterly Report on Form 10-Q, filed with the SEC on May 7, 2021. Investors should carefully consider these risk factors and the additional risk factors outlined in other reports hereafter filed by the Company with the SEC under the caption “Risk Factors.” The Company assumes no obligation to update or revise any forward-looking statements except as may be required by law. Forward-looking statements in this press release and written and oral forward-looking statements attributable to the Company or its representatives after the date of this press release are qualified in their entirety by the cautionary statement contained in this paragraph and in other reports hereafter filed by the Company with the SEC.
Investor Relations & Media Contact:
Susan Allan, Overseas Shipholding Group, Inc.
(813) 209-0620
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PEMBROKE, Bermuda--(BUSINESS WIRE)--$AXS #insurance--AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Limited ("AXIS Capital") (NYSE:AXS), today announced three appointments within its US Renewables team, effective immediately. Becky Nace-Grover joins AXIS as a Senior Underwriter, Kamran Hameed joins as a Cross-Class Underwriter, and German Torres joins as an Underwriter. Their responsibilities will include strengthening new and existing broker and partner relationships, as well as developing new business opportunities to continue delivering high-level customer service.
“Given the continued growth of wind, solar and battery energy storage projects in the United States, we are expanding the size of our underwriting team to meet the needs of our insureds and broker partners alike. With their combined industry knowledge and expertise, Becky, Kamran and German will play a vital role in helping us meet the demands of the growing renewable energy market. I am delighted to welcome them to the team,” said Sam Walsh, Head of US Renewable Energy.
Ms. Nace-Grover was previously President of Niche Underwriting at ProSight Specialty Insurance where she oversaw various specialty portfolios, including the Solar Contractor program. Prior to that, she spent six years at GCube Insurance Services as an Underwriter focusing on Wind and Solar clients. She will be based in New York and report to Mr. Walsh.
Mr. Hameed was most recently a Senior Underwriter at Alta Risk LLC, where he worked with an array of renewable energy contractors. Prior to that, he was an Underwriter at AIG for six years. In his new role, Mr. Hameed will be based in Kansas City and report to Mr. Walsh.
Mr. Torres is transferring internally from the AXIS Property and Energy team, where he has underwritten property, political risk and renewable energy business based in Latin America. Prior to joining AXIS in 2019, Mr. Torres was a Property Underwriter at Hannover Re for five years. He is based in San Francisco and also reports to Mr. Walsh.
About AXIS Capital
AXIS Capital, through its operating subsidiaries, is a global provider of specialty lines insurance and treaty reinsurance with shareholders' equity of $5.4 billion at June 30, 2021, and locations in Bermuda, the United States, Europe, Singapore and Canada. Its operating subsidiaries have been assigned a rating of "A+" ("Strong") by Standard & Poor's and "A" ("Excellent") by A.M. Best. For more information about AXIS Capital, visit our website at www.axiscapital.com.
Follow AXIS Capital on LinkedIn and Twitter.
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AXIS Capital Holdings Limited
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Lydie Hudson speaks with IHS Markit Senior Vice President and Chief Energy Strategist Atul Arya for a new edition of CERAWeek Conversations – available at https://ondemand.ceraweek.com/cwc
WASHINGTON--(BUSINESS WIRE)--There is an “enormous amount of momentum” leading up to the UN Climate Change Conference of the Parties (COP 26) in Glasgow this November with governments in different regions “getting into the business of being a force for disclosure,” says Lydie Hudson, CEO of Sustainability, Research and Investment, Credit Suisse in the latest episode of CERAWeek Conversations.
In a conversation with Atul Arya, IHS Markit Senior Vice President and Chief Energy Strategist, Hudson says “disclosure is good for capital markets, disclosure is good for investors; it leads to transparency.” While the thrust of disclosure continues to be around climate and climate change, Hudson says that COVID-19 and social unrest of the past year “really pushed the social topic to be almost equal to some of the environmental topics.”
Younger generations will increasingly drive this ESG momentum, Hudson says. “One of the greatest wealth transfers in history is happening or about to happen. The younger generation will be taking up money to invest and they’ll be looking more on ESG factors overall. ESG is much higher on the water fall for the younger generation that is coming.”
Hudson also shares her thoughts on the U.S Securities and Exchange Commission’s forthcoming rules on climate risks and financial disclosures; pursuing “just energy transitions” that account for differences between the developed and developing worlds; and the future evolution of the corporate ESG movement.
“We know that the transition is going to be hard, take a long time and likely be messy,” she says. “But endeavoring on it with transparency and engagement is quite important and I expect that to persist.”
The complete video is available at: https://ondemand.ceraweek.com/cwc
Podcast version available: CERAWeek Conversations is also available via audio podcast on Apple Podcasts, Google Podcasts, Soundcloud, Spotify and Stitcher.
Selected excerpts:
Interview Recorded Monday, August 30, 2021
(Edited slightly for brevity only)
Watch the complete video at: https://ondemand.ceraweek.com/cwc
Recent CERAWeek Conversations segments also include:
About CERAWeek Conversations:
CERAWeek Conversations features original interviews and discussion with energy industry leaders, government officials and policymakers, leaders from the technology, financial and industrial communities—and energy technology innovators.
The series is produced by the team responsible for the world’s preeminent energy conference, CERAWeek by IHS Markit.
The complete episode library is available at https://ondemand.ceraweek.com/cwc.
CERAWeek Conversations is also available via audio podcast on Apple Podcasts, Google Podcasts, Soundcloud, Spotify and Stitcher.
About IHS Markit (www.ihsmarkit.com)
IHS Markit (NYSE: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.
IHS Markit is a registered trademark of IHS Markit Ltd. and/or its affiliates. All other company and product names may be trademarks of their respective owners © 2021 IHS Markit Ltd. All rights reserved.
Jeff Marn
IHS Markit
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DUBLIN--(BUSINESS WIRE)--The "Global Fire Protection Coatings Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.
In this study, fire protection coatings are classified into 2 groups: intumescent coatings and cementitious coatings. Both types protect against 2 types of fire: cellulosic fires (from burning wood and similar materials) and hydrocarbon fires (from burning hydrocarbons such as liquid fuels). Hydrocarbon intumescent, hydrocarbon cementitious, cellulosic intumescent, and cellulosic cementitious coatings are the 4 main product types explored in the study. The key product types, technologies, and end-use applications are discussed. Applications have been quantitatively explained for the 4 main product types with regard to the total fire protection coatings market. All regional markets have been broken down into key sub-regions, and 4 chapters for the 4 major fire protection coating types represent the respective quantitative and qualitative coverage.
The key end-use industries for fire protection coatings considered in the study are upstream oil and gas, marine, downstream oil and gas (refining), petrochemicals, chemicals, heavy machinery, power, other industrial construction, commercial construction, and residential construction. The fire protection coatings market is witnessing rising demand for innovative products that demonstrate not only higher fire ratings that translate into longer evacuation times for occupants inside the structure, but also greater sustainability and ease and speed of production.
In the last few years, a considerable rise in the stringency of regulations and safety advisory has been implemented for augmenting the fire safety of buildings and constructions in various sectors, such as oil and gas, petrochemicals, chemicals, and allied industries. These industrial applications call for the deployment of predominantly hydrocarbon fire protection coatings that meet legislative requirements in the long term. Overall, the rising fire safety stringency followed by end-use industries will drive the market demand for hydrocarbon fire protection coatings in the next few years.
The trend of augmenting the fire safety of critical building structures is increasing in various industries that demonstrate high fire hazard potential (chemicals, petrochemicals, upstream oil and gas, and petroleum refining). With new advantages associated with the novel features of hydrocarbon coatings - such as resistance to damage from impact, abrasion, and vibration caused by deflection of structures during fabrication, transportation, and extreme loading conditions - the demand for hydrocarbon coatings will grow significantly. Low volatile organic compound content and LEED (Leadership in Energy and Environment Design) compliance for coatings promoted by the US Green Building Council are key trends influencing the development of innovative fire protection coatings for premium applications and prices.
Key Topics Covered:
1. Strategic Imperatives
2. Growth Opportunity Analysis, Fire Protection Coatings Market
3. Growth Opportunity Analysis, Hydrocarbon Intumescent Coatings Market
4. Growth Opportunity Analysis, Hydrocarbon Cementitious Coatings Market
5. Growth Opportunity Analysis, Cellulosic Intumescent Coatings Market
6. Growth Opportunity Analysis, Cellulosic Cementitious Coatings Market
7. Growth Opportunity Universe, Fire Protection Coatings Market
For more information about this report visit https://www.researchandmarkets.com/r/xcp0kp
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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NEW YORK & PHOENIX--(BUSINESS WIRE)--Blade Air Mobility, Inc. (Nasdaq:BLDE, “Blade” or the “Company”), a technology-powered global air mobility platform, today announced that it has entered into a definitive agreement to acquire Trinity Air Medical, Inc. (“Trinity”), a nationwide, multi-modal organ logistics and transportation company. The transaction is expected to close during the week of September 13, 2021, subject to customary closing conditions.
“Trinity’s long-term relationships with organ procurement organizations and transplant centers are a testament to their high-touchpoint approach to organ air transportation, providing seamless solutions for their clients, a perfect fit with Blade’s culture of 24/7 availability and mission redundancy,” said Rob Wiesenthal, Blade’s Chief Executive Officer. “Trinity’s end-to-end services integrate air missions with ground transport. Given the existence of landing pads at most hospitals today, we have the ability to immediately replace Trinity’s ambulances with helicopters on certain hospital-to-hospital missions, while preparing for a transition to both existing ‘last-mile’ cargo drones as well as Electric Vertical Aircraft, as soon as they become available.”
“Recent advances in organ preservation technology have resulted in consistently increasing demand for point-to-point organ air transport over longer distances,” said Seth Bacon, CEO of Trinity. “Blade’s scale in air transport missions coupled with their aerospace manufacturer relationships position us to continue expanding share in today’s growing market, while laying the groundwork to deploy forthcoming drone and Electric Vertical Aircraft technology, which will reduce transit times and improve patient outcomes.”
“Like Blade, Trinity is asset-light and neither owns nor operates aircraft, thus rapid expansion is not capital intensive. We expect the combination of Trinity’s substantial flight volume with Blade’s fast-growing MediMobility business to create the largest dedicated organ air transport company in the United States and enable us to secure more dedicated aircraft, resulting in better availability and pricing for the hospitals we collectively serve,” said Will Heyburn, Blade’s Chief Financial Officer. “Trinity’s consistent growth and positive EBITDA contribution will fortify Blade’s financial position while providing additional operating leverage for the broader Blade platform.”
“We are already working hand-in-hand with Blade’s MediMobility team on organ air transport missions,” said Scott Wunsch, COO of Trinity. “We look forward to implementing best practices from both organizations, which I am confident will result in faster, more efficient and more cost-effective service for our collective client base.”
Transaction Highlights:
About Blade Urban Air Mobility
Blade is a technology-powered, global air mobility platform committed to reducing travel friction by providing cost-effective air transportation alternatives to some of the most congested ground routes in the U.S. and abroad. Today, the company predominantly uses helicopters and amphibious aircraft. Its asset-light model, coupled with its exclusive passenger terminal infrastructure, is designed to facilitate a seamless transition to Electric Vertical Aircraft ("EVA" or “eVTOL”), enabling lower cost air mobility to the public that is both quiet and emission-free.
For more information, visit www.blade.com.
About Trinity Air Medical
Trinity Air Medical, with headquarters in Tempe, Arizona, was founded by healthcare professionals who recognized a need for a professional and reliable organ logistics and transportation service. Trinity’s mission is to partner with organ procurement organizations and organ transplant centers around the United States to maximize organs available for transplant.
For more information, visit www.trinityairmedical.com.
Forward Looking Statements
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts and may be identified by the use of words such as “anticipate”, “believe”, “could”, “continue”, “expect”, “estimate”, “may”, “plan”, “outlook”, “future” and “project” and other similar expressions and the negatives of those terms. These statements, which involve risks and uncertainties, relate to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable and may also relate to Blade’s future prospects, developments and business strategies. In particular, such forward-looking statements include statements concerning the benefits of the transaction involving Blade and Trinity, including future financial and operating results, the combined company's plans, objectives, expectations and intentions. These statements are based on management’s current expectations and beliefs, as well as a number of assumptions concerning future events. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance.
Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside Blade’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements include: risks associated with the ability to consummate the Trinity transaction and the timing of the closing of the transaction; the ability to successfully integrate Blade and Trinity operations and employees; the ability to realize anticipated benefits and synergies of the Trinity transaction; the potential impact of the announcement of the Trinity transaction or consummation of the transaction on relationships, including with employees, customers and competitors; the ability to retain key Trinity personnel; the ability to achieve performance targets; loss of our customers; decreases in our existing market share; effects of competition; effects of pricing pressure; the inability of our customers to pay for our services; the loss of our existing relationships with operators; the loss of key members of our management team; changes in our regulatory environment, including aviation law and FAA regulations; the inability to implement information systems or expand our workforce; changes in our industry; heightened enforcement activity by government agencies; interruptions or security breaches of our information technology systems; the expansion of privacy and security laws; our ability to expand our infrastructure network; our ability to identify, complete and successfully integrate future acquisitions; our ability to remediate any material weaknesses or maintain effective internal controls over financial reporting; the ability to continue to meet applicable listing standards; costs related to our business combination; the possibility that we may be adversely affected by other political, economic, business and/or competitive factors; the impact of COVID-19 and its related effects on our results of operations, financial performance or other financial metrics; the inability or unavailability to use or take advantage of the shift, or lack thereof, to EVA technology; pending or potential litigation; and other factors beyond our control. Additional factors can be found in our Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission (“SEC”). New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect us. You are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and Blade undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, changes in expectations, future events or otherwise.
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TORONTO--(BUSINESS WIRE)--Superior Plus Corp. (“Superior”) (TSX:SPB):
September 2021 Cash Dividend - $0.06 per share
Superior Plus Corp. (“Superior”) today announced its cash dividend for the month of September 2021 of $0.06 per share payable on October 15, 2021. The record date is September 30, 2021 and the ex-dividend date will be September 29, 2021. Superior’s annualized cash dividend rate is currently $0.72 per share. This dividend is an eligible dividend for Canadian income tax purposes.
About the Corporation
Superior is a leading North American distributor and marketer of propane and distillates and related products and services, servicing over 780,000 customer locations in the U.S. and Canada.
For further information about Superior, please visit Superior’s website at: www.superiorplus.com or contact: Beth Summers, Executive Vice President and Chief Financial Officer, Tel: (416) 340-6015, or Rob Dorran, Vice President, Investor Relations and Treasurer, Tel: (416) 340-6003, E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it., Toll Free: 1-866-490-PLUS (7587).
Forward Looking Information
This news release contains certain forward-looking information and statements that are based on Superior’s current expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. In this news release, such forward-looking information and statements can be identified by terminology such as “will”, "expects", "annualized", and similar expressions.
In particular, this news release contains forward-looking statements and information relating to: future dividends which may be declared on Superior’s common shares, the dividend payment, the tax treatment thereof, and the receipt of cash dividends. These forward-looking statements are being made by Superior based on certain assumptions that Superior has made in respect thereof as at the date of this news release, regarding, among other things: the success of Superior’s operations; prevailing commodity prices, margins, volumes and exchange rates; that Superior’s future results of operations will be consistent with past performance and management expectations in relation thereto; the continued availability of capital at attractive prices to fund future capital requirements; future operating costs; that any required commercial agreements can be reached; that all required regulatory and environmental approvals can be obtained on the necessary terms in a timely manner. These forward-looking statements are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties, including, but not limited to: the regulatory environment and decisions; non-performance of agreements in accordance with their terms; the impact of competitive entities and pricing; reliance on key industry partners and agreements; actions by governmental or regulatory authorities including changes in tax laws and treatment, or increased environmental regulation; adverse general economic and market conditions in Canada, North America and elsewhere; fluctuations in operating results; labour and material shortages; and certain other risks detailed from time to time in Superior’s public disclosure documents including, among other things, those detailed under the heading "Risk Factors" in Superior’s management's discussion and analysis and annual information form for the year ended December 31, 2020, which can be found at www.sedar.com.
Accordingly, readers are cautioned that events or circumstances could cause results to differ materially from those predicted, forecasted or projected. Such forward-looking statements are expressly qualified by the above statements. Superior does not undertake any obligation to publicly update or revise any forward looking statements or information contained herein, except as required by applicable laws.
Beth Summers
Executive Vice President and Chief Financial Officer
Tel: (416) 340-6015
or
Rob Dorran
Vice President, Investor Relations and Treasurer
Tel: (416) 340-6003,
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Toll Free: 1-866-490-PLUS (7587)
Innovative Digital Financial Platform Simplifies Payment for Payer and Merchant
ATLANTA--(BUSINESS WIRE)--RoadSync, the digital financial platform for the logistics industry, announces its partnership with FYX Fleet, a network of expedited fleet roadside assistance. Through this partnership, RoadSync is simplifying payment acceptance for both the payer and the merchant in roadside assistance transactions. This integration is another step towards streamlining payments in the $800B trucking and logistics industry.
As the leading provider of emergency roadside assistance for the intermodal and over-the-road trucking industries, FYX Fleet is a fitting partner for RoadSync. When a FYX Fleet repair service is provided, the customer is now able to pay FYX Fleet directly via RoadSync’s user-friendly solution, including customized invoices that are texted directly to the customer. The customer can pay the invoice via their preferred method, whether that is debit, credit card or fleet check. In addition, RoadSync recently added WEX EFS and Fleet One cards to its solution, offering more ways to pay and meeting its customers where they are. Upon payment, RoadSync completes the transaction with the provider, ensuring they receive funds quickly.
“At RoadSync, we’re eager to partner with like-minded companies, those who are working to simplify each piece of the supply chain and the trucking industry as a whole,” says Robin Gregg, CEO, RoadSync. “The logistics industry is historically burdened by manual processes, and it is our mission to change that. By partnering with FYX Fleet, we’re able to continue delivering efficiencies that help get drivers back on the road to keep our economy moving.”
RoadSync’s technology dramatically reduces payment processing time, maximizes revenue collection, and improves profitability for the transportation industry. FYX Fleet customers and providers can now utilize the optimized payment process to pay and get paid, faster.
“Roadside assistance is a key component of the transportation industry and any efficiencies we can create at this point of the supply chain has a positive, compounding impact across the board,” says John Detlefsen, COO, FYX Fleet. “By helping our network process their payments quickly, we’re saving everyone time and money that were previously spent on cumbersome processes. We’re thrilled to begin this partnership with RoadSync and implement their innovative platform with our customers.”
As a leader in providing financial solutions in the logistics space, RoadSync continues to innovate and drive the industry forward with a mission to streamline invoice and payment collection. This partnership with FYX Fleet is the latest advancement in the organization’s strategy to support and enhance the industry’s shifting reliance on contactless and digital payment technologies.
About RoadSync
RoadSync is the digital financial platform for the logistics industry. By removing paper and phone calls from business transactions, RoadSync offers a fast, convenient, and secure way to move and manage money and conduct business, dramatically reducing payment processing time and maximizing revenue collection. RoadSync offers payment products for the entire supply chain – warehouses, trucks/carriers, repair/tow merchants, and brokers – integrating and automating the financial systems fueling the logistics industry. For more information, visit www.roadsync.com.
About FYX Fleet Roadside Assistance
FYX (https://fyxfleet.com), formerly TRAC Interstar, has been providing expert roadside assistance solutions to the trucking industry for over 35 years. With 24/7 operations, an extensive vendor network of over 1,000 preferred partners and advanced road service technology designed for fleet managers and owner-operators, FYX is a one-stop solution for all fleet road service needs.
Media Contact
Elisa Suri
Trevelino/Keller
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BOSTON--(BUSINESS WIRE)--Schneider Electric, the global leader in the digital transformation of energy management and automation, today announced its recognition in the FacilitiesNet.com Vision Awards. In a year of record-breaking Vision Awards entries, an independent panel of judges chose Schneider Electric’s EcoStruxure Building Advisor as a winner in the Analytics & Management Software category.
Schneider Electric’s EcoStruxure Building Advisor is a suite of analytic monitoring services that unlocks operational performance and remote maintenance of buildings. The solution provides actionable insights into a building’s operations and identifies areas of improvement and faults to help optimize a building’s inefficiencies.
FacilitiesNet.com is the digital home for readers of Building Operating Management and Facility Maintenance Decisions magazines visited by an average of 135,000 facility professionals a month ranging from building owners, facility executives, operation heads, maintenance engineers.
The Vision Awards honor innovation and excellence in products contributing to the efficient, profitable operations and management of institutional and commercial buildings in the United States
“We are honored to be recognized by FacilitiesNet in its 2021 awards program,” said Manish Kumar, SVP of Digital Buildings, Schneider Electric. “EcoStruxure Building Advisor leverages the latest technological advancements, ensuring facilities and building managers are equipped with the most innovative tools to better enhance their buildings’ operations. There has never been a more critical time to invest in building management as mounting regulatory, energy and occupant well-being pressures push building efficiency and resiliency to the forefront.”
Kumar continued, “With the implementation of EcoStruxure Building Advisor, facilities and building managers can shift from the conventional approach of reactive, scheduled, and on-site maintenance to a more efficient and effective approach of leveraging remote, automated, continuous monitoring, and condition-based maintenance. Enterprise customers and those with multiple buildings with diverse BMS systems have particularly benefited from the open, BMS agnostic, digital twin technology and global outreach of Schneider Electric to standardize facility operations and maintenance with EcoStruxure Building Advisor.”
With EcoStruxure Building Advisor, building managers are able to respond more proactively with data-driven decisions to reduce maintenance costs, improve asset value, increase occupant satisfaction, and create more sustainable and energy-efficient buildings. Based on customer results, Schneider Electric has reported a 20% reduction in energy cost to organizations leveraging EcoStruxure Building Advisor, achieving over $20 million in cost avoidance attributable to energy savings and reducing unplanned maintenance costs.
In addition to these cost savings, EcoStruxure Building Advisor also provides:
Organizations across the world and buildings in life-sciences, healthcare, universities, offices, airports, stadiums use Schneider Electric’s EcoStruxure Building Advisor to ensure facilities and buildings are safe, reliable, energy-efficient, and sustainable. Boston Scientific, University of Iowa, among many others, have achieved success to meet sustainability goals, claim utility incentives, and improve indoor air quality creating healthier buildings for occupants.
If you’re interested in learning more about Schneider Electric’s EcoStruxure Building Advisor, visit here.
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.
Follow us on: Twitter | Facebook | LinkedIn | YouTube | Instagram | Blog
Hashtags: #LifeIsOn #FacilitiesNet2021Awards #EcoStruxure #EcoStruxureBuildingAdvisor
Schneider Electric Media Relations – Vicki True; 774-613-1158; This email address is being protected from spambots. You need JavaScript enabled to view it.
ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--AD Ports Group, the region’s premier facilitator of logistics, industry, and trade, and France-based CMA CGM Group, a world leader in shipping and logistics, have announced the signing of a 35-year concession agreement.
Under the terms of the agreement, a new terminal will be established in Khalifa Port, the first semi-automated container port in the GCC region, which will be managed by a joint venture owned by CMA CGM’s subsidiary CMA Terminals (with a 70 percent stake) and AD Ports Group (30 percent stake). The partners are expected to commit approximately AED 570 million (USD 154 million) to the project.
A state-of-the-art terminal to accompany the growth of Khalifa Port
With construction starting in 2021, the new terminal is set to be handed over in 2024 with, in phase 1, an initial quay length of 800 metres and an estimated annual capacity of 1.8 million TEUs. AD Ports Group will be responsible for developing a wide range of supporting marine works and infrastructure. This includes up to a total of 1,200 metres of quay wall, a 3,800-metre breakwater, a fully built-out rail platform, and 700,000sqm of terminal yard.
The terminal will provide CMA CGM with a new regional hub and will enable the Group to develop its service offering between Abu Dhabi and South Asia, Western Asia, East Africa, Europe and the Mediterranean as well as the Middle East and the Indian sub-continent.
With this major investment, the CMA CGM Group pushes ahead with its global expansion strategy as a leading terminal operator. The Group currently operates 49 port terminals in 27 countries via its subsidiaries CMA Terminals and Terminal Link.
Khalifa Port, a hub for three of the world’s top four shipping companies.
CMA CGM Group is the third of the world’s top-four shipping entities to join forces with Abu Dhabi’s leading facilitator of trade, logistics and industry. The agreement confirms Khalifa Port’s standing as one of only a few major ports in the world providing hubs for three of the world’s top shipping lines, as well as serving as an instrumental part of the global maritime trade connecting markets from east to west.
CMA CGM, a committed partner to the UAE’s economy
The UAE and Abu Dhabi’s central geographical location, at the center of international trade routes, enables the CMA CGM Group to implement strategic development plans, strengthening its position in the Gulf and providing the best services to meet its customers’ needs.
Present in the UAE for 15 years, the CMA CGM Group employs around 450 people working within 10 offices to provide customers with the best maritime and logistics service solutions. The Group connects the UAE to the world with 13 weekly services to 9 ports.
H.E. Falah Mohammed Al Ahbabi, Chairman of AD Ports Group, said: “One of the key factors that has greatly contributed to the economic growth of Abu Dhabi and the UAE has been our stable economic environment that is ripe for foreign investment. Coupled with competitive free zone and business engagement initiatives that aid foreign businesses in establishing a presence in the country with ease, the UAE has become a key investment destination among many of the world’s leading players seeking to extend their reach into the Middle East.
“This landmark agreement with the CMA CGM Group is a prime example of those continued efforts and one that will significantly accelerate trade and the development of industry in the UAE and beyond.”
“As well as driving increased trade volumes through our port and elevating the UAE’s economic development, we expect the facility’s capacity and added trade links with other high-profile port destinations will drive investment into local businesses and our industrial zones, fast-track the development of key sectors including manufacturing and logistics, and raise demand for manpower.”
“This agreement will aid us to realise our long-term ambitions to become a top 10 ports, industrial, and logistics operator by expanding our capacity and growth across the region and beyond. In all, we project that over the next five years the CMA Terminals joint venture will drive the further development of the Khalifa Industrial Zone Abu Dhabi (KIZAD), while simultaneously contributing significantly to the national GDP.”
Captain Mohamed Juma Al Shamisi, Group CEO, AD Ports Group, said: “The addition of a new container terminal at Khalifa Port, which will be managed by a joint venture formed in collaboration with CMA Terminals, opens a new chapter in our organisation’s efforts to become a key facilitator of global trade, and elevates Abu Dhabi’s standing as both a regional and an international hub for maritime trade.
“With the addition of another leading worldwide shipping group company, will make Khalifa Port a hub for three of the world’s top four shipping companies. This addition creates opportunities to open trade routes to new markets in Europe, Africa, Western Asia, and South Asia. At home, we expect the presence of the shipping line terminal, which will link directly to Khalifa Port’s upcoming rail terminal and utilise its services, to accelerate trade flows moving in and out of the UAE, while also encouraging CMA CGM Group’s customers to consider establishing a presence in Abu Dhabi.”
Rodolphe Saadé, Chairman and Chief Executive Officer of the CMA CGM Group, said: “The ambitious project we are launching today in Abu Dhabi marks an important milestone in CMA CGM’s development strategy in the region.
This state-of-the-art terminal will contribute to enhancing Khalifa Port’s position as a leading global hub and to boosting the region's economy, accelerating trade flows in and out of Abu Dhabi.
It will also enable our Group to expand its shipping and logistics network in the region, where we see a lot of growth potential.”
To view a video on the agreement, please visit: https://youtu.be/hvW0sgIOonY.
About AD Ports Group:
About AD Ports Group:
For more information, please visit: adports.ae
Twitter @AbuDhabiPorts
LinkedIn: linkedin.com/company/abudhabiports
Instagram: instagram.com/AbuDhabiPorts
Facebook: facebook.com/AbuDhabiPorts
About CMA CGM
Follow the CMA CGM Group on:
https://www.linkedin.com/company/cma-cgm
https://www.facebook.com/cmacgm
https://www.youtube.com/channel/UCAMAVVaqikbzeE3znzw6lVQ
*Source: AETOSWire
AD Ports Group
Sana Maadad
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+971506250890
CMA CGM
Media Relations
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Operator’s Flex Alert Requests a Second Day of Voluntary Conservation from 4 p.m. to 9 p.m.
Everyone Can Take Simple Actions to Save Energy and Protect Grid Reliability
SAN FRANCISCO--(BUSINESS WIRE)--With hot temperatures and high energy demand across the western region, the state’s power grid operator is asking residents statewide to voluntarily conserve electricity this afternoon and evening when the grid is most stressed due to higher demand and energy supplies are tighter.
The Flex Alert, called by the California Independent System Operator (CAISO), will be in effect today from 4 p.m. to 9 p.m. The grid operator is predicting an increase in electricity demand, primarily from air conditioning use.
The grid operator is asking all Californians to reduce electricity use during a Flex Alert to prevent further emergency measures, including rotating power outages.
Saving Energy at Home
Here are ways Pacific Gas and Electric Company (PG&E) customers can cut their power use and help keep the lights (and air conditioning) on for everyone:
Saving Energy at Your Office or Business
If you’re working in an office setting, CAISO recommends the following:
PG&E’s Demand Response programs offer incentives for business owners and residential customers who curtail their energy use during times of peak demand. PG&E has several of these programs, totaling about 245,000 enrolled PG&E customers.
PG&E’s website includes detailed information on these programs, which allow residential customers and business customers to save energy and money.
PG&E is prepared for the heat and, based on forecasts, doesn’t anticipate issues meeting increased demand for power.
Also, at this time, the grid operator has not indicated that it plans to call for rotating outages. PG&E does not project a need for a Public Safety Power Shutoff due to this weather, but the company’s meteorology team will continuously monitor conditions.
PG&E also urges customers to stay safe during extreme heat. The company funds cooling centers throughout its service area to help customers escape the heat and cool off. To find a center near you click here or call 1-877-474-3266.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
MEDIA RELATIONS:
415-973-5930
SAN RAMON, Calif. & ENGLEWOOD, Colo.--(BUSINESS WIRE)--Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE: CVX), and Gevo, Inc. (NASDAQ: GEVO) today announced a letter of intent to jointly invest in building and operating one or more new facilities that would process inedible corn to produce sustainable aviation fuel, which can lower the lifecycle carbon intensity of fuels used in the aviation industry. The new facilities would also produce proteins and corn oil.
Through the proposed collaboration, Gevo would operate its proprietary technology to produce sustainable aviation fuel and renewable blending components for motor gasoline to lower its lifecycle carbon intensity. In addition to co-investing with Gevo in one or more projects, Chevron would have the right to offtake approximately 150 million gallons per year to market to customers.
“Chevron is providing our customers with next-generation renewable fuels that can help them lower their overall carbon footprint,” said Mark Nelson, executive vice president of Downstream & Chemicals for Chevron. “This potential investment leverages Gevo’s innovative approach to producing sustainable aviation fuel, complementing other renewable fuels investments we are making as part of our higher returns, lower carbon strategy.”
“We are pleased to collaborate with Chevron, who is willing to co-invest in building out Gevo's capacity to produce renewable, high-performing hydrocarbons that can be used in existing equipment and engines. Chevron’s advantaged market position would allow it to offtake production from this venture, helping to place sustainable aviation fuel with airline customers,” commented Dr. Patrick Gruber, chief executive officer of Gevo.
The proposed investment is subject to the negotiation of definitive agreements with customary closing conditions, including regulatory approval. Further information regarding the letter of intent between Gevo and Chevron U.S.A. can be found in the Current Report on Form 8-K filed by Gevo with the U.S. Securities and Exchange Commission on September 9, 2021.
About Chevron
Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. To advance a lower-carbon future, we are focused on cost efficiently lowering our carbon intensity, increasing renewables and offsets in support of our business, and investing in low-carbon technologies that enable commercial solutions. More information about Chevron is available at www.chevron.com.
About Gevo, Inc.
Gevo’s mission is to transform renewable energy and carbon into energy-dense liquid hydrocarbons. These liquid hydrocarbons can be used for drop-in transportation fuels such as gasoline, jet fuel and diesel fuel, that when burned have potential to yield net-zero greenhouse gas emissions when measured across the full life cycle of the products. Gevo uses low-carbon renewable resource-based carbohydrates as raw materials, and is in an advanced state of developing renewable electricity and renewable natural gas for use in production processes, resulting in low-carbon fuels with substantially reduced carbon intensity (the level of greenhouse gas emissions compared to standard petroleum fossil-based fuels across their life cycle). Gevo’s products perform as well or better than traditional fossil-based fuels in infrastructure and engines, but with substantially reduced greenhouse gas emissions. In addition to addressing the problems of fuels, Gevo’s technology also enables certain plastics, such as polyester, to be made with more sustainable ingredients. Gevo’s ability to penetrate the growing low-carbon fuels market depends on the price of oil and the value of abating carbon emissions that would otherwise increase greenhouse gas emissions. Gevo believes that its proven, patented technology enabling the use of a variety of low-carbon sustainable feedstocks to produce price-competitive low-carbon products such as gasoline components, jet fuel and diesel fuel yields the potential to generate project and corporate returns that justify the build-out of a multi-billion-dollar business.
Gevo believes that the Argonne National Laboratory GREET model is the best available standard of scientific-based measurement for life cycle inventory or LCI. Learn more at Gevo’s website: www.gevo.com
CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This news release contains forward-looking statements relating to Chevron’s operations that are based on management's current expectations, estimates and projections about the petroleum, chemicals and other energy-related industries. Words or phrases such as “anticipates,” “expects,” “intends,” “plans,” “targets,” “advances,” “commits,” “drives,” “aims,” “forecasts,” “projects,” “believes,” “approaches,” “seeks,” “schedules,” “estimates,” “positions,” “pursues,” “may,” “can,” “could,” “should,” “will,” “budgets,” “outlook,” “trends,” “guidance,” “focus,” “on track,” “goals,” “objectives,” “strategies,” “opportunities,” “poised,” “potential” and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, many of which are beyond the company’s control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Unless legally required, Chevron undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are: changing crude oil and natural gas prices and demand for our products, and production curtailments due to market conditions; crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries and other producing countries; public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics, and any related government policies and actions; changing economic, regulatory and political environments in the various countries in which the company operates; general domestic and international economic and political conditions; changing refining, marketing and chemicals margins; the company’s ability to realize anticipated cost savings, expenditure reductions and efficiencies associated with enterprise transformation initiatives; actions of competitors or regulators; timing of exploration expenses; timing of crude oil liftings; the competitiveness of alternate-energy sources or product substitutes; technological developments; the results of operations and financial condition of the company’s suppliers, vendors, partners and equity affiliates, particularly during extended periods of low prices for crude oil and natural gas during the COVID-19 pandemic; the inability or failure of the company’s joint-venture partners to fund their share of operations and development activities; the potential failure to achieve expected net production from existing and future crude oil and natural gas development projects; potential delays in the development, construction or start-up of planned projects; the potential disruption or interruption of the company’s operations due to war, accidents, political events, civil unrest, severe weather, cyber threats, terrorist acts, or other natural or human causes beyond the company’s control; the potential liability for remedial actions or assessments under existing or future environmental regulations and litigation; significant operational, investment or product changes undertaken or required by existing or future environmental statutes and regulations, including international agreements and national or regional legislation and regulatory measures to limit or reduce greenhouse gas emissions; the potential liability resulting from pending or future litigation; the company's ability to achieve the anticipated benefits from the acquisition of Noble Energy, Inc.; the company’s future acquisitions or dispositions of assets or shares or the delay or failure of such transactions to close based on required closing conditions; the potential for gains and losses from asset dispositions or impairments; government mandated sales, divestitures, recapitalizations, taxes and tax audits, tariffs, sanctions, changes in fiscal terms or restrictions on scope of company operations; foreign currency movements compared with the U.S. dollar; material reductions in corporate liquidity and access to debt markets; the receipt of required Board authorizations to pay future dividends; the effects of changed accounting rules under generally accepted accounting principles promulgated by rule-setting bodies; the company’s ability to identify and mitigate the risks and hazards inherent in operating in the global energy industry; and the factors set forth under the heading “Risk Factors” on pages 18 through 23 of the company's 2020 Annual Report on Form 10-K and in other subsequent filings with the U.S. Securities and Exchange Commission. Other unpredictable or unknown factors not discussed in this news release could also have material adverse effects on forward-looking statements.
Forward-Looking Statements Regarding Gevo, Inc.
Certain statements in this press release may constitute “forward-looking statements” regarding Gevo, Inc. (“Gevo”) within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters, including, without limitation, statements related to expectations of the agreements between Gevo and Chevron, the potential investment in Gevo’s projects, and the volume of sustainable aviation fuel to be produced under the agreement, Gevo’s technology, Gevo’s products, and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo.
Tyler Kruzich, Chevron
Phone: 925-549-8686
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Gevo Investor and Media Contact
Phone: (720) 647-9605
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Zebra to integrate FourKites’ Dynamic Yard into its MotionWorks Yard solution, used in some of the world’s largest logistics operations, to extend real-time asset visibility
AMSTERDAM--(BUSINESS WIRE)--FourKites®, the world’s leading real-time supply chain visibility platform, today announced that Zebra Technologies Corporation (NASDAQ: ZBRA), an innovator at the front line of business with solutions and partners that deliver a performance edge, will be reselling FourKites’ Dynamic Yard and real-time visibility platform as part of its suite of asset visibility solutions. Used by some of the largest logistics operators in the world, Zebra’s MotionWorks Yard solution will now combine Dynamic Yard with Zebra locationing hardware and professional services. MotionWorks Yard will continue to be sold directly by Zebra and through select PartnerConnect channel partners in North America and Europe.
Together, FourKites and Zebra are modernizing the digital supply chain and helping to eliminate information silos to provide companies with end-to-end visibility of their freight — from the warehouse to the yard and across all transportation modes. Further expanding the companies’ joint solutions, the two teams will collaborate to increase the in-yard and over-the-road capabilities of their customers.
“Businesses want real-time visibility into their goods and assets throughout the journey — from the manufacturing facility to the final destination,” said Drew Ehlers, Global Futurist and Venture Innovator, Office of the CTO, Zebra Technologies. “Our relationship with FourKites adds a critical layer of visibility that helps companies improve asset visibility, streamline the shipping process and unlock new levels of performance and customer service.”
As an investor in and user of FourKites’ real-time visibility and Dynamic ETA® for Air solutions, Zebra has reduced turn times on urgent product requests for fulfilling critical customer orders, while also eliminating nearly 75 percent of shipment tracking email inquiries to its global logistics team. By extending its relationship with FourKites, Zebra will continue to help businesses modernize warehouses and create supply chains that are completely transparent, connected and fully optimized.
“FourKites’ relationship with Zebra has grown over the years, as we work together on a joint mission to create a fully transparent supply chain and reduce time to delivery for customers,” said Mathew Elenjickal, founder and CEO of FourKites. “By combining Zebra’s expertise in delivering warehouse visibility with FourKites visibility outside of those four walls, we can provide better end-to-end predictability and forecasting of assets for our shared customers — all while dynamically accounting for the on-the-ground realities across the supply chain.”
About FourKites
FourKites® is a leading global supply chain visibility platform, extending visibility beyond transportation into yards, warehouses, stores and beyond. Tracking more than 2 million shipments daily across road, rail, ocean, air, parcel and courier, and reaching 176 countries, FourKites combines real-time data and powerful machine learning to help companies digitize their end-to-end supply chains. More than 620 of the world’s most recognized brands — including 9 of the top-10 CPG and 18 of the top-20 food and beverage companies — trust FourKites to transform their business and create more agile, efficient and sustainable supply chains. To learn more, visit https://www.fourkites.com/.
About Zebra Technologies
Zebra (NASDAQ: ZBRA) empowers the front line in retail/ecommerce, manufacturing, transportation and logistics, healthcare, public sector and other industries to achieve a performance edge. With more than 10,000 partners across 100 countries, Zebra delivers industry-tailored, end-to-end solutions to enable every asset and worker to be visible, connected and fully optimized. The company’s market-leading solutions elevate the shopping experience, track and manage inventory as well as improve supply chain efficiency and patient care. In 2020, Zebra made Forbes Global 2000 list for the second consecutive year and was listed among Fast Company’s Best Companies for Innovators. For more information, visit www.zebra.com or sign up for news alerts. Participate in Zebra’s Your Edge blog, follow the company on LinkedIn, Twitter and Facebook, and check out our Story Hub: Zebra Perspectives.
Scott Johnston
European PR Lead for FourKites
+31 62 147 8442
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Bill Abelson
Zebra Technologies
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MOUNTAIN IRON, Minn.--(BUSINESS WIRE)--Heliene, a Customer-First provider of North American made solar modules, today announced a $21 million investment in a new manufacturing facility located in Mountain Iron, Minnesota, bringing the company’s total manufacturing capacity to 900 megawatts (MW). Heliene has experienced significant growth since starting its U.S. operations in Mountain Iron in 2017. Construction will commence this September, adjacent to the existing facility, with manufacturing set to begin in June 2022. The expansion will enable Heliene to meet accelerating solar demand while ensuring certainty and high quality of the U.S. solar supply chain, in alignment with the Biden Administration’s clean energy goals.
“The State of Minnesota is proud to collaborate with Heliene and the City of Mountain Iron to expand Minnesota’s largest solar panel manufacturer to bring jobs to the region. This is a good day for the Iron Range, and a good day for Minnesota’s clean energy economy,” said Minnesota Governor Tim Walz.
The construction of a new building will expand the Mountain Iron campus to a total of 95,000 square feet and will bring an additional 60 high paying clean energy jobs to the area, further diversifying employment opportunities in the region. The manufacturing line will feature advanced automation technologies to enhance production efficiency, product quality and safety, while providing employees the opportunity to upskill, focus on higher order tasks and adapt to the Industry 4.0 era. Production will focus on the manufacturing of solar modules with M6, M10 and M12 size super high efficiency Monocrystalline PERC cells.
“Amid consistently strong solar demand and trade volatility, our customers seek peace of mind that they are receiving the highest quality, competitively priced solar modules exactly when and where they need them,” said Martin Pochtaruk, chief executive officer, Heliene. “The investment in this ultra-efficient new manufacturing line will significantly increase the rate of American Made module delivery while eliminating costly supply chain risks for customers.”
“A strong manufacturing industry is key to our state’s economic prosperity,” said U.S. Senator Amy Klobuchar. “The expansion of this plant will make Heliene the second largest solar panel manufacturing plant in the U.S., creating good-paying jobs and enhancing our supply chains. I’m committed to supporting our country’s transition to a clean energy future and will continue working to strengthen this sector in Minnesota.”
As part of efforts to grow clean energy markets in the region and create manufacturing jobs, several public organizations provided funding to Mountain Iron’s Economic Development Authority (EDA) to support Heliene’s expansion. The Minnesota Department of Employee and Economic Development and Iron Range Resources & Rehabilitation, each provided a $2.75 million loan to the EDA.
In addition, Heliene received a $5.5 million grant from the State of Minnesota’s Renewable Development Account, which funds projects that boost the state’s electrification and climate change abatement efforts. St. Louis County, where the Mountain Iron plant is located, awarded Heliene a $1 million grant as well.
“Heliene is one of the fastest-growing producers of solar panels in North America and we could not be happier that they are expanding production in Mountain Iron, Minnesota,” said State Senator David Tomassoni. “The state’s investment in Heliene will create jobs on the Iron Range and help us to deliver solar energy to the rest of the state and nation.”
“Minnesotans know that clean energy is key to our economic future. With this expansion, Heliene will create more Minnesota jobs while building up manufacturing supply chains in the solar industry,” said Senator Tina Smith of Minnesota. “We can either lead or follow when it comes to the clean energy transition, and projects like this show that Minnesota is ready to lead.”
“This significant investment in Minnesota’s legendary Iron Range further highlights the need to responsibly develop our abundance of critical minerals located here in the Duluth Complex to be used in renewable energies like the ones produced by Heliene. I look forward to the day when we can say that these goods are manufactured in Minnesota and mined in Minnesota,” said Congressman Pete Stauber (MN-08).
In August, Heliene announced its third North American manufacturing facility located in Riviera Beach, Florida. Heliene’s Florida facility is the only solar module plant in the U.S. to produce super high-efficiency heterojunction solar cell modules for commercial and residential applications.
As a member of the Solar Energy Manufacturing for America (SEMA) Coalition and the Minnesota Solar Energy Industries Association (MnSEIA), Heliene is committed to generating well-paying manufacturing jobs in the U.S. and strengthening America’s solar supply chain to accelerate clean energy adoption and reach national decarbonization targets.
About Heliene
Heliene is one of North America’s fastest-growing domestic module manufacturers serving the utility-scale, commercial, and residential markets. With an in-house logistics team and remarkably responsive support staff, Heliene delivers competitively priced, high performance solar modules precisely when and where customers need them to accelerate North America’s clean energy transition. Founded in 2010, Heliene consistently ranks as a Bloomberg New Energy Finance Tier 1 module manufacturer and has production facilities located in Canada, Minnesota and Florida. For more information, visit www.heliene.com.
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Next-Generation Transparent Solar Technology Installed In Energy-Efficient Commercial Office Building
REDWOOD CITY, Calif.--(BUSINESS WIRE)--#UEPower--Ubiquitous Energy, a next-generation technology company developing truly transparent solar products, working with developer Morgan Creek Ventures, has successfully installed fully transparent, electricity-generating windows featuring UE Power™ in a newly constructed energy-efficient building. This building, Boulder Commons II located at 2530 Junction Place, is part of a series of energy-efficient commercial office buildings in Boulder, Colorado, from Morgan Creek Ventures.
Ubiquitous Energy’s transparent photovoltaic coating, UE Power™, developed over a decade with the glass industry after being invented at MIT, generates electricity from non-visible light while looking virtually invisible. The UE Power™ coating generates electricity on the full surface of the window glass without patterns, borders or color tints. The electricity gets collected and transmitted through wiring built discreetly into the window frame, and it can then be fed into the building to power a variety of products or increase the overall energy efficiency of the building.
UE Power™ windows can be used in addition to solar cells on a rooftop or other parts of a building, increasing the building area available for power generation by enabling the full facade area to collect energy. For example, the Boulder Commons II building also has conventional opaque solar panels mounted on the walls of the building, which integrate in tandem with the UE Power™ window on the glass part of the facade.
“Everyone loves the look of glass, and our transparent solar technology enables earth-friendly energy efficiency without compromising on the beautiful design aesthetics of glass. We are very pleased to have UE Power transparent solar windows as part of Morgan Creek’s new energy-efficient building in Boulder working in conjunction with the traditional solar panels mounted on the building,” said Veeral Hardev, Ubiquitous Energy Vice President of Strategy. “This installation serves as a great model of how UE Power transparent solar technology can be integrated into commercial buildings to help make them more energy efficient and help achieve net-zero energy. We want every window to be electricity generating, while remaining invisible to allow people see clearly out to the world.”
The UE Power™ installation at Boulder Commons II also has an energy monitoring system that Ubiquitous Energy will use to log performance data over time as well as an energy storage system that can be used to power various applications in the future.
For additional information, visit www.ubiquitous.energy.
About Ubiquitous Energy
Headquartered in Silicon Valley, Ubiquitous Energy is a next-generation technology company that provides transparent solar windows to both commercial and residential customers. A world leader in transparent photovoltaics, its award-winning technology was born from some of the world’s most prestigious university labs and is the world’s only truly transparent solar product. UE Power™ is a solar coating that integrates into standard windows without sacrificing beauty, design or transparency, with endless possibilities for future applications. For more information please visit us at https://ubiquitous.energy/ or connect with us via Facebook, Twitter, or Linkedin.
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CALGARY, Canada--(BUSINESS WIRE)--$BLN #chemical--Blackline Safety Corp. (TSX: BLN), a global leader of gas detection and connected safety solutions, today announced it has partnered with Houston-based Vlahi Systems, provider of cloud-hosted, sensor driven gas plume dispersion modelling software.
Optimizing chemical release monitoring and response through improved accuracy of modeling
Through the partnership, Vlahi will integrate the real-time, location-enabled data from Blackline’s G7 EXO portable area gas monitors into their web- and smartphone-based CERES plume modelling software. The solution is ideal for managing scenarios related to chemical release and gas clouds that can harm personnel and surrounding communities, or trigger fires or explosions.
Using G7 EXO gas readings, CERES can automate and deliver the most accurate, up-to-date mapping of a gas plume, based on real-world conditions, to assist emergency personnel in their response.
“Our partnership with Vlahi is a great example of how our connected safety solutions can help leading enterprises manage their risk and prepare to respond to the unexpected release of chemicals and gas,” said Cody Slater, CEO and Chair for Blackline Safety.
“With 100-day battery life, our G7 EXO area gas monitors continuously stream location-enabled gas readings and alerts to the Blackline Cloud — and now CERES — to provide the ultimate visibility into a worksite. This partnership will help our clients better manage their response to keep workers and communities safe.”
“Integrating Blackline sensors with CERES Sensor Driven Plume, bridges the gap of unknowns involved with plume modeling and makes it accessible to a wider range of emergency responders and situations,” said Cristian Stochina, Founder and Managing Partner of Vlahi Systems.
“Combining CERES with Blackline’s direct-to-cloud communication — with no configuration required — you get the first anytime, anywhere, any device system that can go beyond point-sensor values in current time and predict an integrated threat area and where that threat is headed.”
Blackline has opened an early access program for Blackline clients and interested businesses adopters to get first-hand experience with CERES cloud software, powered with real-time environmental readings streamed from cloud-connected G7 EXO area gas monitors.
Blackline will showcase CERES sensor driven plume dispersion software with G7 EXO real-time gas readings in booth 2311 at the NSC Congress & Expo in Orlando, from Oct 11–13, 2021.
About Vlahi Systems
Vlahi Systems LLC, is a Houston-based technology company with a mission to deliver the most cost effective and feature-rich emergency response solutions to planners, responders, chemical plants, government organizations and the transportation industry. With thousands of users distributed across more than 100 countries, CERES (Chemical Emergency Response E-Service) is a software-as-a-service application, accessible through web and smart-device apps. CERES delivers an industry-leading user experience for planning, responding to, and analyzing chemical, fire and explosion events — anytime, anywhere and on any device, before, during or after a chemical incident. For more information, visit www.vlahi.com.
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.
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New programs make it easier for customers to drive electric and save money
DENVER--(BUSINESS WIRE)--Xcel Energy announced today that a suite of electric vehicle charging programs is available, making EV charging easy, fast, and more affordable for Colorado customers. In addition to the company’s new residential offerings, new EV programs supporting community charging, businesses, and multifamily buildings are available to empower and assist customers in their EV journey and help them drive electric to save money and reduce carbon emissions.
These programs and offerings are part of the company’s Colorado Transportation Electrification Plan and Xcel Energy’s EV vision to power 1.5 million EVs on the road in the states we serve by 2030. As Xcel Energy increases the amount of renewable and carbon-free energy on its system, customers are increasingly charging with cleaner, reliable, and more affordable energy, allowing people to charge EVs for less than the equivalent of $1 per gallon of gas. In total, over a three-year period, the programs will provide about 20,000 charging plugs in homes, businesses, workplaces, community charging hubs and other public places in Colorado.
“We are absolutely committed to making electric transportation accessible to everyone, and our innovative programs will make it easier for all Colorado customers and communities to consider going electric,” said Alice Jackson, president, Xcel Energy – Colorado. “Our new EV programs can help our customers and communities go even further to reduce carbon emissions by tackling the largest source of carbon emissions in the country – the transportation sector – and at the same time help them save money and enjoy a cleaner environment.”
Xcel Energy’s EV vision aligns with Colorado’s goal to have 940,000 electric vehicles on the roads by 2030, while making electric transportation available to all customers at a range of income levels whether they drive an EV, take transit, or use ridesharing. It also complements Xcel Energy’s vision to deliver 100% carbon-free electricity to customers by 2050. The company’s transition to more electric cars, trucks and buses will help keep bills low for all customers, including those who don’t drive an EV. In Colorado, customer bills are already 34% below the national average.
EV Programs for Xcel Energy Colorado Residential Customers
The company launched four new residential EV programs in Colorado making it easier and less costly for all residential customers in Colorado to drive electric. Eligible customers can now have a charger installed at their house for a low monthly fee, save on energy with a $50 annual reward, get rebates for home wiring upgrades and, for income qualified customers, receive rebates for new or pre-owned car purchases/leases.
EV Accelerate at Home gives customers faster Level 2 chargers, installed and maintained by Xcel Energy, ensuring customers can charge their EV more swiftly than using a simple charger that plugs in to a typical household outlet. Customers pay under $15 per month for the charger rental, installation by a vetted electrician, and charger maintenance for as long as they are in the program.
Optimize Your Charge rewards EV drivers for charging vehicles during off-peak periods with $50 on their bill every October to offset charging costs. It also encourages charging when renewable energy is abundant, often overnight, to reduce the amount of EV charging that occurs during our electric system peak. Participants choose from among three charging windows with flexibility to adjust charging outside the selected charging window.
Home Wiring Rebates are for customers who install a 240-volt electrical circuit that’s necessary to support faster in-home Level 2 charging. Customers can receive a rebate of up to $500 to cover the costs of permitting, materials, installation, and electrical work needed to install the circuit. Costs for purchasing an eligible level 2 charger can also be included. Income qualified customers are eligible for an enhanced rebate of $1,300 to offset costs.
EV purchase/lease rebate allows income qualified customers to apply for a rebate of $5,500 on a new EV purchase or lease, and $3,000 on a pre-owned EV. There is a manufacturer's suggested retail price limit of $50,000. Combining manufacturer incentives and federal tax credits, this rebate helps bring down the price of an EV.
EV Programs for Colorado Commercial and Community Customers
For businesses, multifamily housing and communities looking to go electric, Colorado customers will have an EV concierge guide them on the journey of electrification while taking advantage of EV infrastructure support and the option of Xcel Energy-provided charging equipment. Businesses, governments, and organizations serving higher emissions or income-qualified communities can also benefit from additional charging equipment rebates.
Fleet EV solutions support businesses, organizations, communities, and governments with building transportation electrification plans, using their own fleet operation data and business goals. For eligible customers, Xcel Energy provides a free suitability assessment, data analysis and advisory services as the first step to electrification, saving customers significant amounts of time and money.
Possible next steps include design and construction of infrastructure (from traditional distribution services up to the charging equipment), various rate plans, and options for Xcel Energy provided charging equipment. For eligible income qualified customers or EV projects in high emissions communities (HEC), charging equipment rebates are an option and include up to $2,200 for each eligible Level 2 charging port and up to $45,000 for each eligible direct current fast charging (DCFC) port.
Workplace EV solutions enable businesses and organizations looking to install EV charging for employee or customer use with the EV infrastructure needed for four or more charging ports. Qualifying customers receive no- to low-cost design and construction of infrastructure—typically, from the customer’s meter to the charging port—plus, comprehensive advisory services, and the option to pay a monthly fee for Xcel Energy provided charging equipment. As with Fleet EV Solutions, eligible income qualified customers or EV projects in an HEC can qualify for charging equipment rebates including up to $2,200 for each eligible Level 2 charging port and up to $45,000 for each eligible direct current fast charging (DCFC) port.
Public and community charging hub EV solutions help expand Level 2 and fast charging options for EV drivers away from home. Businesses, municipalities, and community-focused organizations can receive no- to low-cost design and construction of infrastructure—typically, from the customer’s meter to charging equipment—and comprehensive advisory services. Customers that meet our Community Charging Hub program qualifications can earn rebates if they meet income-qualified criteria or are located within an HEC including up to $2,200 for each eligible Level 2 charging port and up to $31,200 for each eligible direct current fast charging (DCFC) port. Note that a minimum of four Level 2 ports are required to be considered as a Community Charging Hub.
Multifamily EV solutions provide EV infrastructure and charging options for existing and new construction multifamily buildings. Services include design and construction of infrastructure, advisory services, and the option to pay a monthly fee for Xcel Energy-provided charging equipment. Developers or building owners and managers can earn rebates equaling $2,000 per charging port for adding extra, qualifying EV parking spots to their sites during the design phase. Business customers in High Emission and Income Qualified communities will find it affordable to install Level 2 or DCFC EV chargers with Xcel Energy’s charger rebate programs.
More information about electric vehicles, and these new programs are available on the Xcel Energy website.
About Xcel Energy
Xcel Energy (NASDAQ: XEL) provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. Headquartered in Minneapolis, the company is an industry leader in responsibly reducing carbon emissions and producing and delivering clean energy solutions from a variety of renewable sources at competitive prices. For more information, visit xcelenergy.com or follow us on Twitter and Facebook.
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DUBLIN--(BUSINESS WIRE)--The "Marine Hybrid Propulsion Global Market Report 2021: COVID-19 Impact and Recovery" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global marine hybrid propulsion market.
This report focuses on marine hybrid propulsion market which is experiencing strong growth. The report gives a guide to the marine hybrid propulsion market which will be shaping and changing our lives over the next ten years and beyond, including the market's response to the challenge of the global pandemic.
The global marine hybrid propulsion market is expected to grow from $2.88 billion in 2020 to $3.10 billion in 2021 at a compound annual growth rate (CAGR) of 7.5%. The growth is mainly due to the increase in international trade, expanding shipbuilding industry, rising demand for electric propulsion technology, and rising shift from conventional to hybrid propulsion units. The market is expected to reach $5.02 billion in 2025 at a CAGR of 12.8%.
Companies Mentioned
Reasons to Purchase
Europe was the largest region in the marine hybrid propulsion market in 2020 The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The launch of integrated propulsion systems has emerged as a key trend in the marine hybrid propulsion market. Major players operating in the marine hybrid propulsion field are focusing on introducing new hybrid propulsion systems to improve performance, environmental compatibility, and propulsion system versatility. For instance, in November 2020, Havyard, a Norwegian shipbuilding group announced that its new hydrogen propulsion system for large ocean-going ships should be completed next year as a potential alternative fuel to help reduce its carbon footprint. It has developed a ship's propulsion systems with integrated LH2 tank and fuel cells.
In June 2020, Gula Skrinet AB, a global supplier of customized marine propulsion systems acquired Caterpillar Propulsion AB for an undisclosed amount. The proposed acquisition develops Gula Skrinet AB's external relationships, products, and services in close cooperation with customers and partners. Caterpillar Propulsion AB is a Sweden-based manufacturer of mechanically and electrically driven propulsion systems and marine controls for ships.
An increase in international trade is contributing to the growth of the marine hybrid propulsion market. Most of the internationally traded goods are transported using cargo vessels and ships. Hybrid propulsion improves the fuel efficiency of vessels with variable power demands. According to the International Chamber of Shipping, in 2019, the total value of the annual world shipping trade had reached more than $14 trillion. Moreover, nearly 2 billion tons of crude oil, 1 billion tons of iron ore, 350 million tons of grains, and 11 billion tons of goods are transported by ship each year and about 90% of the world trade is carried by the shipping industry. Thus, the surge in international trade boosts the number of cargo vessels and ships fleet and which in turn, drives the market for marine hybrid propulsion.
The countries covered in the marine hybrid propulsion market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
For more information about this report visit https://www.researchandmarkets.com/r/m7abbc
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Oil Conditioning Monitoring Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Sampling, Sensor Type, Product, Measurement, and Industry" report has been added to ResearchAndMarkets.com's offering.
The market is expected to grow from US$ 982.96 million in 2021 and is projected to reach US$ 1,572.93 million by 2028; it is expected to grow at a CAGR of 6.9% from 2021 to 2028.
Increasing Usage of IIoT to Drive Market Growth during Forecast Period
The use of the industrial internet of things is reducing the oil and gas industry's environmental impact substantially, from increased efficiency to reduced safety risk and reduced travel. Oil and gas firms are paying attention to the IIoT because it can help them save energy, avoid oil spills and other catastrophes, and emit less carbon. The IIoT may also monitor energy and resource consumption.
Intelligent technologies are influencing practically every area of the oil and gas supply chain, from operations to consumer interaction. Smart devices in the supply chain are giving the oil and gas industry a chance to compete in a commoditized world, as well as a chance to modernize quickly in a legacy sector.
In addition, the Internet of Things (IoT) has the potential to significantly improve data collection methods. The oil and gas sector values efficiency and precision almost more than any other industry.
The global market for oil conditioning monitoring is expanding at a rapid rate, owing to increased demand for cost efficient services. Oil conditioning monitoring is included in a wide range of industries. For instance, automobiles, aircraft, maritime, heavy vehicles, and locomotive engines are all part of the transportation sector. Oil conditioning monitoring aids in the prevention of major engine breakdowns in ships and aeroplanes.
As a result, the need for oil conditioning monitoring in the maritime and aircraft industries is projected to rise. Furthermore, the worldwide oil conditioning monitoring market is expected to increase due to the increasing usage of predictive maintenance across various sectors. In addition, a spike in demand for cost-effective solutions, a rise in the requirement for time optimization, and an increase in the need for energy production are projected to propel this market forward.
The COVID-19 outbreak has severely disrupted the supply chain and manufacturing of mechanical equipment's, including the hardware component of oil conditioning monitoring.
The emergence of COVID-19 virus across the globe, followed by lockdown scenarios, has led the industry experts to analyze that the industry would face at least a quarter of lag in mechanical equipment supply chain. This disruption is expected to create tremors through till mid-2021.
The mechanical equipment and oil and gas industry is likely to pick up pace soon after the governments across the globe lift the various containment measures steadily in order to revive the economy. The manufacturing plants and industries is anticipated to gain pace from 2022, which is further foreseen to positively influence the demand for oil and gas, including hardware components of oil conditioning monitoring.
Market Dynamics
Key Market Drivers
Key Market Restraints
Key Market Opportunities
Future Trends
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/t4ua6l
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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