SAN ANTONIO--(BUSINESS WIRE)--Valero Energy Corporation (NYSE: VLO, “Valero”) announced today that Fred M. Diaz has been elected as an independent director to Valero’s board of directors (the “Board”) and has joined the Board’s Nominating/Governance and Public Policy Committee, effective immediately.
Mr. Diaz most recently served as President, Chief Executive Officer and Chairman of the Board of Directors of Mitsubishi Motors North America, Inc. He has extensive experience in the global transportation industry, and previously served in various executive and senior management roles at Mitsubishi Motors Corporation in Japan, Nissan Motor Corporation, and Fiat Chrysler Automobiles, where he served as President and Chief Executive Officer of both the Ram Truck brand and Chrysler Mexico.
“We are honored to welcome Fred to our board. He brings a valuable perspective on the transportation sector through his experience as a business leader across the globe,” said Joe Gorder, Valero’s Chairman and Chief Executive Officer.
Mr. Diaz was born and raised in San Antonio, Texas and currently serves on the board of directors of SiteOne Landscape Supply, Inc., Smith & Wesson Brands, Inc. and Archer Aviation Inc. Mr. Diaz is a Director Member of the Latino Corporate Directors Association (LCDA) and a National Association of Corporate Directors (NACD) Board Leadership Fellow.
About Valero
Valero Energy Corporation, through its subsidiaries (collectively, “Valero”), is an international manufacturer and marketer of transportation fuels and petrochemical products. Valero is a Fortune 500 company based in San Antonio, Texas, and it owns 15 petroleum refineries with a combined throughput capacity of approximately 3.2 million barrels per day and 13 ethanol plants with a combined production capacity of approximately 1.7 billion gallons per year. The petroleum refineries are located in the United States (U.S.), Canada and the United Kingdom (U.K.), and the ethanol plants are located in the Mid-Continent region of the U.S. Valero is also a joint venture partner in Diamond Green Diesel, which owns and operates a renewable diesel plant in Norco, Louisiana. Diamond Green Diesel is North America’s largest biomass-based diesel plant. Valero sells its products in the wholesale rack or bulk markets in the U.S., Canada, the U.K., Ireland and Latin America. Approximately 7,000 outlets carry Valero’s brand names. Please visit www.investorvalero.com for more information.
Investors:
Homer Bhullar, Vice President – Investor Relations and Finance, 210-345-1982
Eric Herbort, Senior Manager – Investor Relations, 210-345-3331
Gautam Srivastava, Senior Manager – Investor Relations, 210-345-3992
Media:
Lillian Riojas, Executive Director – Media Relations and Communications, 210-345-5002
A Global Semiconductor Industry Leader in Publishing TCFD Report
HSINCHU, Taiwan--(BUSINESS WIRE)--TSMC (TWSE: 2330, NYSE: TSM) today marked the International Day for the Preservation of the Ozone Layer with a commitment to reach net zero emissions by 2050. The Company also published its Task Force on Climate-related Financial Disclosures (TCFD) Report, becoming a semiconductor industry frontrunner in climate disclosure while taking actions towards the Company’s environmental sustainability goals.
As a responsible corporate citizen, TSMC strives to adapt to climate change and mitigate climate impact to protect our shared global environment. Guided by its ESG Policy and Environmental Policy, TSMC actively plans and implements actions to mitigate climate change, closely tracks a wide range of global climate action indicators, and is now taking a step further to create its roadmap to reach net zero emissions.
In 2018, TSMC published its Climate Change Statement, clearly stating that the Company addresses climate change through the two key measures of impact mitigation and risk adaption. At the same time, TSMC adopted the framework set by the Financial Stability Board's TCFD to identify risks and opportunities, as well as to set measurement benchmarks and manage targets. With an effective grasp of the progress and results of its actions taken on climate change, TSMC is able to lower the financial impact of climate risk on operations, and disclose results in the TSMC Corporate Social Responsibility Report.
To further address stakeholders’ concerns on climate change and focus on related issues, TSMC followed the TCFD framework and its spirit to publish the TCFD report in 2021, systematically disclosing management strategy and targets, ensuring sound execution and controls, and providing a comprehensive description of TSMC’s work and progress in responding to climate change.
“TSMC is deeply aware that climate change has a severe impact on the environment and humanity. As a world-leading semiconductor company, TSMC must shoulder its corporate responsibility to face the challenge of climate change,” said Dr. Mark Liu, Chairman of TSMC and Chairman of the Company’s ESG Steering Committee. “In addition to becoming the world’s first semiconductor company to join RE100, this year we have answered the call to action on net zero and published our TCFD report, aiming to broaden our green influence and drive the industry towards low-carbon sustainability.”
In 2020, TSMC established its Net Zero Project, composed of working groups from relevant organizations which discuss and evaluate the net zero target. In the same year, TSMC’s global offices achieved net zero emissions of greenhouse gases. To achieve its goal of net zero by 2050, TSMC will set related mitigation measures, continue to strengthen its wide variety of green innovations, and actively adopt renewable energy. The Company has set the short-term goals of zero emissions growth by 2025, and reducing emissions to year 2020 levels by 2030. TSMC will continue actively evaluating and investing in all types of opportunities to reduce carbon emissions.
For TSMC 2020 TCFD Report, please visit https://esg.tsmc.com/download/csr/TSMC_TCFD_Report_E.pdf
About TSMC
TSMC pioneered the pure-play foundry business model when it was founded in 1987, and has been the world’s leading dedicated semiconductor foundry ever since. The Company supports a thriving ecosystem of global customers and partners with the industry’s leading process technologies and portfolio of design enablement solutions to unleash innovation for the global semiconductor industry. With global operations spanning Asia, Europe, and North America, TSMC serves as a committed corporate citizen around the world.
TSMC deployed 281 distinct process technologies, and manufactured 11,617 products for 510 customers in 2020 by providing broadest range of advanced, specialty and advanced packaging technology services. TSMC is the first foundry to provide 5-nanometer production capabilities, the most advanced semiconductor process technology available in the world. The Company is headquartered in Hsinchu, Taiwan. For more information, please visit https://www.tsmc.com.
TSMC Spokesperson:
Wendell Huang
Vice President and CFO
Tel: +886-3-505-5901
TSMC Media Contacts:
Nina Kao
Head of Public Relations
Tel: 886-3-5636688 ext.7125036
Mobile: +886-988-239-163
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Hui-Chung Su
Public Relations
Tel: 886-3-563-6688 ext.7125033
Mobile: +886-988-930-039
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Michael Kramer
Public Relations
Tel: 886-3-5636688 ext.7125031
Mobile: +886-988-931-352
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AKRON, Ohio--(BUSINESS WIRE)--$BW #industrial--Babcock & Wilcox Enterprises, Inc. ("B&W") (NYSE: BW) has been invited to present at D.A. Davidson’s 20th Annual Diversified Industrials & Services Conference, which is being held virtually on September 22-23, 2021.
Kenneth Young, B&W’s Chairman and Chief Executive Officer, and Louis Salamone, B&W’s Chief Financial Officer, are scheduled to present on September 22 at 8 a.m. Eastern time, with one-on-one meetings to be held throughout the conference.
To receive additional information, request an invitation or to schedule a one-on-one meeting, please email This email address is being protected from spambots. You need JavaScript enabled to view it. or call 1-800-755-7848.
About the 20th Annual Diversified Industrials & Services Conference
The 20th Annual Diversified Industrials & Services Conference is an invitation-only virtual event that includes participation from industry leading and emerging growth companies within industrial technology, building products, clean technology, engineering construction & industrial services, heavy materials, discrete manufacturing and specialty services & equipment sectors. In addition to scheduled one-on-one and group meetings, there are planned panel discussions with industry experts and D.A. Davidson’s Industrials professionals in Research and Investment Banking.
About B&W Enterprises
Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises is a leader in energy and environmental products and services for power and industrial markets worldwide. Follow us on LinkedIn and learn more at www.babcock.com.
Investor Contact:
Megan Wilson
Vice President, Corporate Development & Investor Relations
Babcock & Wilcox
704.625.4944 | This email address is being protected from spambots. You need JavaScript enabled to view it.
Media Contact:
Ryan Cornell
Public Relations
Babcock & Wilcox
330.860.1345 | This email address is being protected from spambots. You need JavaScript enabled to view it.
Power over Ethernet has the potential to play a key role in efficient building renovation projects
BOULDER, Colo.--(BUSINESS WIRE)--#PoE--A new report from Guidehouse Insights analyzes the global market for Power over Ethernet (PoE) in digital building applications, providing forecasts by segment and region through 2030.
Although PoE offers a weaker value proposition in building network infrastructure compared with wireless or other wired connections, updated PoE standards in 2018 and technology advancements, such as a single-pair PoE, have strengthened its market position. According to a new report from Guidehouse Insights, the PoE market is anticipated to grow from $113.8 million in 2021 to $614.9 million by the end of 2030 at a compound annual growth rate (CAGR) of 20.6%.
“While PoE is not expected to be a primary technology in building automation, it is expected to be a key connectivity solution in building network infrastructure, depending on the network’s design,” says Young Hoon Kim, senior research analyst with Guidehouse Insights. “Many building network renovations and new building construction projects are expected to adopt the technology due to its core benefits of reliability, flexibility, and easy installation.”
To stay competitive in the efficient building market, vendors in communication and power networks must see PoE as one of the network solutions. For example, PoE can be used to connect optical networks and DC power with end devices. Industry players and building owners must then decide when and how to apply PoE effectively among numerous existing approaches to design building network infrastructure in data and power.
The report, Market Data: Power over Ethernet for Digital Buildings, analyzes the global PoE market trend in digital building applications, technology and industry trends, and technical advancements. The report provides global market forecasts by segment and region extending through 2030. The report also examines the core value of PoE in building network infrastructure and the challenges ahead. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
About Guidehouse
Guidehouse is a leading global provider of consulting services to the public and commercial markets with broad capabilities in management, technology, and risk consulting. We help clients address their toughest challenges and navigate significant regulatory pressures with a focus on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that prepare our clients for future growth and success. The company has more than 10,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit: www.guidehouse.com.
* The information contained in this press release concerning the report, Market Data: Power over Ethernet for Digital Buildings, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
Lindsay Funicello-Paul
+1.781.270.8456
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DUBLIN--(BUSINESS WIRE)--The "General Transport Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
General Transport Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global general transport market as it emerges from the COVID-19 shut down.
Major companies in the general transport market include Deutsche Post DHL Group; United Parcel Service; FedEx; Japan Post Holdings and Schenker AG.
The global general transport market is expected to grow from $1515. 72 billion in 2020 to $1685. 7 billion in 2021 at a compound annual growth rate (CAGR) of 11. 2%. The market is expected to reach $2250. 51 billion in 2025 at a CAGR of 7%.
The general transport services market consists of sales of general transportation services and related goods by entities (organizations, sole traders and partnerships) that provide local general freight trucking services. General freight establishments handle a wide variety of commodities, generally palletized and transported in a container or van trailer. The general transport market is segmented into sightseeing transport & support activities for transport; couriers and messengers and postal services.
Western Europe was the largest region in the global general transport market, accounting for 39% of the market in 2020. Asia Pacific was the second largest region accounting for 26% of the global general transport market. Africa was the smallest region in the global general transport market.
Courier service providers are now offering on-demand delivery services for faster and efficient delivery of parcels. On-demand delivery provides customers with a flexible option of getting packages delivered at their convenient time and place. This service can also be integrated with point-of-sale systems and ecommerce platforms which enable courier companies to efficiently manage their operations, and thus is a cheaper, faster and more reliable mode of parcel delivery.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. General Transport Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. General Transport Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. General Transport Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. General Transport Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. General Transport Market Trends And Strategies
8. Impact Of COVID-19 On General Transport
9. General Transport Market Size And Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers Of The Market
9.2.2. Restraints On The Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers Of The Market
9.3.2. Restraints On The Market
10. General Transport Market Regional Analysis
10.1. Global General Transport Market, 2020, By Region, Value ($ Billion)
10.2. Global General Transport Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Region
10.3. Global General Transport Market, Growth And Market Share Comparison, By Region
11. General Transport Market Segmentation
11.1. Global General Transport Market, Segmentation By Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12. General Transport Market Segments
12.1. Global Sightseeing Transport & Support Activities For Transport Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Scenic And Sightseeing Transport; Support Activities For Transport
12.2. Global Couriers And Messengers Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Domestic Couriers; International Couriers
12.3. Global Postal Services Market, Segmentation By Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13. General Transport Market Metrics
13.1. General Transport Market Size, Percentage Of GDP, 2015-2025, Global
13.2. Per Capita Average General Transport Market Expenditure, 2015-2025, Global
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/hdakia
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Event speakers include Salesforce, Duke Energy, Con Edison, Portland Gas Electric, PEPCO, among others
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Utilities and energy retailers around the world will come together for the fifth annual Bidgely Engage Virtual 2021 conference, taking place October 5 - 8, to uncover the role of customer-centric artificial intelligence (AI) in achieving organization-wide goals. Utility leaders, industry luminaries and tech experts will discuss trends and best practices shaping the energy sector’s digital transformation as well as tactical strategies for bringing AI applications to life.
“Under the motif Future Ready, this year’s Engage embodies the core of energy innovation, and the path to a sustainable future through AI, from the perspectives of key industry players and analysts,” said Gautam Aggarwal, chief business officer for Bidgely. “Returning to the virtual stage once again gives way to a broad speaker lineup to provide attendees with a wealth of diverse experiences and knowledge.”
Engage Virtual 2021 encompasses three short days of high-impact sessions, followed by a day of hands-on demonstrations that illustrate AI in action. Sessions will focus on how utilities use data analytics to balance immediate business needs, such as customer experience and demand side management, alongside larger corporate initiatives of reaching net-zero targets, improving customer relationships and modernization.
Session content filmed onsite at leading utility locations will be aired during the event, followed by live Q&A with each speaker. Featured speakers include:
For Engage 2021 registration information, visit www.bidgely.com/events/engage-virtual.
About Bidgely
Bidgely is an AI-powered SaaS Company accelerating a clean energy future by enabling energy companies and consumers to make data-driven energy-related decisions. Powered by our unique patented technology, Bidgely's UtilityAI™ Platform transforms multiple dimensions of customer data - such as energy consumption, demographic, and interactions - into deeply accurate and actionable consumer energy insights. We leverage these insights to empower each customer with personalized recommendations, tailored to their individual personality and lifestyle, usage attributes, behavioral patterns, purchase propensity, and beyond. From a Distributed Energy Resources (DER) and Grid Edge perspective, whether it is smart thermostats to EV chargers, solar PVs to TOU rate designs and tariffs; UtilityAI™ energy analytics provides deep visibility into generation, consumption for better peak load shaping and grid planning, and delivers targeted recommendations for new value-added products and services. With roots in Silicon Valley, Bidgely has over 17 energy patents, $50M+ in funding, retains 30+ data scientists, and brings a passion for AI to utilities serving residential and commercial customers around the world. For more information, please visit www.bidgely.com or the Bidgely blog at bidgely.com/blog.
Christine Bennett
Bidgely
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HOUSTON--(BUSINESS WIRE)--Ranger Energy Services, Inc. (NYSE: RNGR) (the “Company”) today announced that its controlled subsidiary Ranger Energy Acquisition, LLC (the “Buyer”) was selected as the successful bidder at an auction to acquire certain assets of Basic Energy Services, Inc. and its subsidiaries (“Basic”). The Buyer’s winning bid at a competitive auction conducted by Basic under section 363 of the U.S. Bankruptcy Code was for a cash purchase price of $36.65 million and includes Basic’s business lines outside the State of California (excluding the water logistic business), specifically all assets within the well servicing service line, all assets within the fishing and rental tool service lines, all assets within the coiled tubing service line, all rolling stock assets required to support the operating assets being purchased and real property locations inclusive of, but not limited to, real property owned in New Mexico, Oklahoma and Texas. The Company currently expects to pay the cash purchase price with proceeds from the private placement described below.
Stuart Bodden, President and Chief Executive Officer of Ranger stated, “We are very pleased to continue the expansion of our scale and scope with this latest acquisition. Combined with the Patriot and PerfX transactions earlier this year, the Basic assets strengthen our ability serve clients in our markets and to drive ongoing growth in both revenue and free cash flow.”
The closing of the transaction is subject to various conditions, including approval by the bankruptcy court. A hearing to seek court approval is scheduled for September 23, 2021, and the transaction is expected to be concluded by the end of September 2021. The Company expects to hold an investor call and provide additional information regarding the transactions described herein in connection with the closing.
Credit Facility
The Company today announced that its controlled subsidiary RNGR Energy Services, LLC (“Ranger LLC”) received a debt commitment letter from Eclipse Business Capital LLC and Eclipse Business Capital SPV, LLC with regard to a new $77.5 million credit facility consisting of a $50 million revolving credit facility, a $12.5 million M&E term loan facility and a $15 million term loan B facility. The closing of the credit facility is subject to various conditions including entry into definitive documents and, with respect to the term loan B facility, the simultaneous close of the Basic asset acquisition. Ranger LLC currently expects to use a portion of the proceeds received from the revolving credit facility to pay off existing indebtedness. The credit facility is available at the Company’s option and would be pledged against certain asset sales.
Private Placement
The Company today announced that it entered into a definitive agreement on September 10, 2021, with several purchasers to issue an aggregate amount of $42 million of shares of its newly issued Series A Convertible Preferred Stock (the “Preferred Stock”). The Preferred Stock will be non-voting except under certain limited circumstances. In connection with the private placement, the Company has also agreed to grant customary registration rights to the purchasers. The Preferred Stock will automatically convert into shares of Class A Common Stock of the Company upon the later of (i) receipt of stockholder approval, which the Company expects to seek at a special meeting of stockholders following the closing of the transaction, or (ii) the effectiveness of the shelf registration statement, which the Company expects to file as soon as practicable following the Closing, to register the shares of Class A Common Stock convertible from the Preferred Stock. Affiliates of CSL Capital Management, L.P. (“CSL”) and Bayou Well Holdings Company, LLC (“Bayou”) have agreed to vote in favor of the preferred stock conversion.
The closing of the private placement is subject to various conditions, including the simultaneous close of the Basic asset acquisition. The Company is expected to contribute a portion of the proceeds received from the private placement to the Buyer to fund the Basic asset acquisition.
Tax Receivable Agreement Termination and Class B Redemption
The Company today announced that it entered into a definitive agreement with affiliates of CSL and Bayou pursuant to which the Tax Receivable Agreement, dated August 16, 2017, was terminated, effective on September 10, 2021. In consideration of the termination of the Tax Receivable Agreement, the Company will issue an aggregate of 376,185 shares of Class A Common Stock of the Company to affiliates of CSL and Bayou. The shares will be issued upon receipt of stockholder approval, which the Company expects to seek at a special meeting of shareholders following the closing of the transaction.
Affiliates of CSL and Bayou also consented to the redemption by Ranger LLC of their outstanding units in Ranger LLC and the redemption by the Company of corresponding shares of Class B Common Stock of the Company for an equivalent number of shares of Class A Common Stock of the Company, or cash, at the election of Ranger LLC or the Company, as the case may be. The redemptions are contingent on the closing of the private placement and the Basic asset acquisition. Following the redemptions, no shares of Class B Common Stock of the Company will be issued and outstanding.
Advisors
Piper Sandler is serving as exclusive financial advisor to the Company with respect to the Basic asset acquisition and sole placement agent with respect to the debt financing and private placement of Preferred Stock. Winston & Strawn LLP is serving as legal counsel to the Company.
About Ranger Energy Services, Inc.
Ranger is an independent provider of well service rigs and associated services in the United States, with a focus on unconventional horizontal well completion and production operations. Ranger also provides services necessary to bring and maintain a well on production. The Processing Solutions segment engages in the rental, installation, commissioning, start-up, operation and maintenance of MRUs, Natural Gas Liquid stabilizer and storage units and related equipment.
Cautionary Statement Concerning Forward-Looking Statements
Certain statements contained in this press release constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements represent Ranger’s expectations or beliefs concerning future events, including the closings of the Basic asset acquisition, debt financing and private placement of Preferred Stock, and it is possible that the results described in this press release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of Ranger’s control that could cause actual results to differ materially from the results discussed in the forward-looking statements.
Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Ranger does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for Ranger to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in our filings with the Securities and Exchange Commission. The risk factors and other factors noted in Ranger’s filings with the SEC could cause its actual results to differ materially from those contained in any forward-looking statement.
J. Brandon Blossman
Chief Financial Officer
(713) 935-8900
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NORTH CHARLESTON, S.C.--(BUSINESS WIRE)--Ingevity Corporation (NYSE:NGVT) today announced it intends to challenge a jury verdict rendered on Sept. 15, 2021 in the U.S. District Court in Delaware related to claims by BASF Corporation, Florham Park, New Jersey, that Ingevity engaged in anticompetitive activities and interfered with an alleged prospective relationship between BASF and a customer. The claims relate to Ingevity’s enforcement of its patent covering canister systems used in automotive gasoline vapor emissions control (Patent No. RE38,844) and the company’s entry into several supply agreements with customers of its fuel vapor canister honeycombs. The jury ordered Ingevity to pay antitrust damages of approximately $28 million, which will be automatically tripled under U.S. antitrust law to roughly $85 million. Ingevity believes in the strength of its intellectual property and the merits of its position and intends to pursue all legal relief available to challenge this outcome.
Ingevity’s ’844 patent – set to expire in March 2022 – relates to certain canister systems designed to achieve gasoline vapor emissions levels that comply with the most stringent U.S. Environmental Protection Agency Tier 3 and California LEV III regulations. The verdict relates to the company’s enforcement of its patent rights regarding fuel vapor canisters in the U.S. and Canada that use its honeycomb scrubber to reduce certain types of vehicle emissions, as well as to supply agreements with certain customers. The verdict is not related to the manufacture of Ingevity’s activated carbon.
The company does not anticipate an immediate impact to commercial sales and is not aware of a competing certified or tested honeycomb that could replace sales of Ingevity’s product immediately due to the multiyear automotive design cycle of original equipment manufacturers and Tier 1 suppliers. The decision has no bearing on the company’s ’649 patent family obtained in the U.S., Europe and China to reduce emissions in low-purge engines, which Ingevity believes could apply to anywhere from 25% to 60% of future near-zero fuel system designs.
Ingevity’s Nuchar® activated carbon products are manufactured to both capture gasoline emissions and return them to the engine for their intended use, giving the company a competitive advantage in providing original equipment manufacturers with the greatest flexibility, quality and reliability and minimal canister design. Nuchar products are part of Ingevity’s Performance Materials segment that has manufacturing facilities in Covington, Virginia, Wickliffe, Kentucky, Waynesboro, Georgia, and Changshu and Zhuhai, China. Ingevity estimates that the gasoline emissions captured and recovered globally using our activated carbon results in a savings of roughly 40 million tons of CO2 every year.
Ingevity: Purify, Protect and Enhance
Ingevity provides products and technologies that purify, protect and enhance the world around us. Through a team of talented and experienced people, we develop, manufacture and bring to market solutions that help customers solve complex problems and make the world more sustainable. We operate in two reporting segments: Performance Chemicals, which includes specialty chemicals and engineered polymers, and Performance Materials, which includes high-performance activated carbon. These products are used in a variety of demanding applications, including asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants, publication inks, coatings, elastomers, bioplastics and automotive components that reduce gasoline vapor emissions. Headquartered in North Charleston, South Carolina, Ingevity operates from 25 locations around the world and employs approximately 1,850 people. The company is traded on the New York Stock Exchange (NYSE:NGVT). For more information visit www.ingevity.com.
Cautionary Statements About Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Such statements generally include the words “will,” “plans,” “intends,” “targets,” “expects,” “outlook,” “believes,” “anticipates” or similar expressions. Forward-looking statements may include, without limitation, litigation strategies, expectations and outcomes, expected financial positions, results of operations and cash flows; financing plans; business strategies and expectations; operating plans; and the impact of COVID-19. Actual results could differ materially from the views expressed. Factors that could cause actual results to materially differ from those contained in the forward-looking statements, or that could cause other forward-looking statements to prove incorrect, include, without limitation, litigation outcomes, adverse effects from the COVID-19 pandemic; adverse effects of general economic and financial conditions; risks related to international sales and operations; and the other factors detailed from time to time in the reports we file with the SEC, including those described under "Risk Factors" in our Annual Report on Form 10-K, our Form 10-Q for the quarter ended March 31, 2021, and other periodic filings. These forward-looking statements speak only as of the date of this press release. Ingevity assumes no obligation to provide any revisions to, or update, any projections and forward-looking statements contained in this press release.
Caroline Monahan
843-740-2068
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Investors:
Bill Hamilton
843-740-2138
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DUBLIN--(BUSINESS WIRE)--The "Biogas Global Market Report 2021: COVID-19 Growth and Change" report has been added to ResearchAndMarkets.com's offering.
The global biogas market is expected to grow from $58.90 billion in 2020 to $64.14 billion in 2021 at a compound annual growth rate (CAGR) of 8.9%. The market is expected to reach $88.47 billion in 2025 at a CAGR of 8.4%.
The biogas market consists of sales of biogas by entities (organizations, sole traders, and partnerships) that are engaged in the production of biogas. Biogas is a form of biofuel that is created spontaneously when organic waste decomposes. Biogas generation is also known as anaerobic digestion since it occurs in the absence of oxygen. It can be used for a range of purposes including automotive fuel, cooking, and power generation.
The main sources of biogas are municipal waste, industrial waste, agricultural waste, and others. Anaerobic Digestion (AD) of the organic portion of municipal solid waste (OFMSW) creates biogas that can be used to generate energy, hence reducing waste that would otherwise be landfilled. Biogas is used for residential, commercial, and industrial purposes. It is implemented in various areas such as power generation, heat generation, cogeneration, others.
Europe was the largest region in the biogas market in 2020. Asia Pacific is expected to record the fastest growth over the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The expansion of production facilities is a key trend gaining popularity in the biogas market. Major companies operating in the biogas sector are focusing on expanding their production facilities to meet the increasing demand for renewable energy and are replacing chemical fertilizers with recycled nutrients in the production of biogas.
The rising shift towards renewable sources of energy is expected to propel the growth of the biogas market in the coming years. Renewable energy, often known as clean energy, is derived from natural sources or procedures that are renewed regularly. Biogas is also referred to as renewable natural gas produced by the breakdown of organic matter such as animal waste and food scraps.
Key Topics Covered:
1. Executive Summary
2. Biogas Market Characteristics
3. Biogas Market Trends and Strategies
4. Impact Of COVID-19 On Biogas
5. Biogas Market Size and Growth
5.1. Global Biogas Historic Market, 2015-2020, $ Billion
5.1.1. Drivers Of the Market
5.1.2. Restraints On the Market
5.2. Global Biogas Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers Of the Market
5.2.2. Restraints On the Market
6. Biogas Market Segmentation
6.1. Global Biogas Market, Segmentation by Source, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
6.2. Global Biogas Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
6.3. Global Biogas Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7. Biogas Market Regional and Country Analysis
7.1. Global Biogas Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Biogas Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Companies Mentioned
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NEW YORK--(BUSINESS WIRE)--#Helbiz--Helbiz Inc. (“Helbiz”) (NASDAQ: HLBZ), a leader in micro-mobility and the first in its industry to be publicly listed on Nasdaq, today announced that management will participate in the Benzinga Electric Vehicles Conference. The conference will be held virtually on Wednesday, September 22, 2021, with a fireside chat available to the public scheduled for 1:15 p.m. Eastern Time as well as a one-on-one meeting format for institutional investors.
The fireside chat will be webcast live from the Investors section of Helbiz’s website at https://investors.helbiz.com. A replay of the webcast will be archived and available from the Investors section of Helbiz's website after the live stream.
Management will be available for one-on-one meetings with institutional investors at the conference. Portfolio managers and analysts who wish to request a meeting should contact their institutional sales representative at Benzinga.
About Helbiz
Helbiz is a global leader in micro-mobility services. Launched in 2015 and headquartered in New York City, the company offers a diverse fleet of vehicles including e-scooters, e-bicycles and e-mopeds all on one convenient, user-friendly platform in 35 cities around the world. Helbiz utilizes a customized, proprietary fleet management technology, artificial intelligence and environmental mapping to optimize operations and business sustainability. Helbiz is expanding its urban lifestyle products and services to include live streaming services, food delivery, financial services and more, all accessible within its mobile app.
Forward-Looking Statements
Certain statements made in this press release are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward-looking statements. Due to known and unknown risks, actual results may differ materially from the Company’s expectations or projections. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: (i) the failure to meet projected development and production targets; (ii) changes in applicable laws or regulations;(iii) the effect of the COVID-19 pandemic on the Company and its current or intended markets; and (iv) other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission (the “SEC”) by the Company. Additional information concerning these and other factors that may impact the Company’s expectations and projections can be found in its periodic filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and amended on May 21, 2021. The Company’s SEC filings are available publicly on the SEC's website at www.sec.gov. Any forward-looking statement made by us in this press release is based only on information currently available to Helbiz and speaks only as of the date on which it is made. Helbiz undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law.
Helbiz
For investor and media inquiries, contact: https://www.helbiz.com/pressroom
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USA
The Blueshirt Group
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Agent of Change
Marcy Simon - Phone: +1 (917) 833-3392 - email: This email address is being protected from spambots. You need JavaScript enabled to view it.
EVgo becomes the first public EV charging network in the country to offer a rewards program for customers
LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO), the nation’s largest public fast charging network for electric vehicles (EVs) and first powered by 100% renewable electricity, today announced the launch of EVgo Rewards™, a customer loyalty program providing EV drivers the opportunity to earn points towards free fast charging sessions when they charge at EVgo locations. The launch follows a successful pilot program with more than 4,000 customers, making EVgo the first nationwide public EV charging network to offer a rewards program for its expanding customer base.
“EVgo customers’ #1 suggestion for us is to create more EVgo stations. And once we build them, those very same customers using our chargers are helping to fuel our rapid growth and expansion across America – and we’re excited to reward that. EVgo Rewards says thank you to EV drivers for charging with EVgo, for promoting transportation electrification on social media, and for just celebrating another birthday as an EV driver,” said Cathy Zoi, CEO of EVgo. “EVgo customers are local heroes in addressing climate change in their own lives and we all should share in the rewards for that."
How EVgo Rewards Works
The EVgo Rewards program, launching today, will allow EVgo customers to be enrolled into the program automatically as it rolls out nationwide. Members receive five points for every dollar they spend charging their car with EVgo, and have the opportunity to get extra points for liking and sharing EVgo’s social posts, by visiting the EVgo Rewards website, for being a member on their birthday, and other activities designed to surprise and delight EVgo drivers. When customers reach 2,000 points with EVgo Rewards, they’ll receive a free fast charging session, equivalent to $10 charging credit, with EVgo. Members can visit the EVgo Rewards page to check their balance and redeem their points.
About EVgo
EVgo (Nasdaq: EVGO) is the nation’s largest public fast charging network for electric vehicles, and the first to be powered by 100% renewable energy. With more than 800 fast charging locations, EVgo’s owned and operated charging network serves over 68 metropolitan areas across 35 states and more than 275,000 customer accounts. Founded in 2010, EVgo leads the way on transportation electrification, partnering with automakers; fleet and rideshare operators; retail hosts such as hotels, shopping centers, gas stations and parking lot operators; and other stakeholders to deploy advanced charging technology to expand network availability and make it easier for drivers across the U.S. to enjoy the benefits of driving an EV. As a charging technology first mover, EVgo works closely with business and government leaders to accelerate the ubiquitous adoption of EVs by providing a reliable and convenient charging experience close to where drivers live, work and play, whether for a daily commute or a commercial fleet.
For Investors:
Ted Brooks, VP of Investor Relations
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310-954-2943
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Kaizen Clean Energy Partners with Element 1 Corp to Deploy Hydrogen Generators / Fuel Cell Powered Solutions for Electric Vehicle Charging & Hydrogen Distribution
HOUSTON--(BUSINESS WIRE)--#carbonintensity--Kaizen Clean Energy (“KCE”), a leading developer of distributed hydrogen generation, announced today it has licensed proprietary L-Series hydrogen generator technology from Element 1 Corp (“e1®”). Under the terms of the license agreement, KCE has been granted rights to manufacture and deploy L-Series hydrogen generators for distributed Battery Electric Vehicle (EV) charging, hydrogen production for hydrogen Fuel Cell Electric Vehicles (FCEVs), and standby power generation in the United States.
With proven growth in the EV sector and growing interest in hydrogen fuel cell power solutions, KCE has helped align e1’s® Hydrogen Generators to support multiple markets from a single modular solution. Robert Meaney, Co-CEO & Chief Technology Officer, said, “Unfortunately, grid demand charges, un-reliable energy supply, and lengthy electric grid expansions are stalling billions of dollars in investments for wider adoption of EV charging. Our partnership with e1® provides companies an immediate opportunity to scale, control, and decentralize their EV charging and generate revenue from hydrogen production and power generation when there are no vehicles to charge.”
Dr. David Edlund, e1® CEO, said, “e1® is delighted and privileged to be collaborating with KCE and their strategy to displace aging energy solutions. Our hydrogen generation technology being licensed to KCE is supported by dozens of patents. Just like when phones became separated from the cord, KCE’s hydrogen generator power solutions will provide a similarly disruptive approach to EV charging and separate EV fleet owners from the grid. I anticipate our relationship with KCE to continue expanding to lower the cost of EV charging and hydrogen.”
The e1® hydrogen generators produce hydrogen from methanol and deliver on-demand hydrogen at the point of use, eliminating the need to transport compressed hydrogen gas. This significantly reduces the cost of using hydrogen as an energy product. In addition, this process can be carbon-neutral, and in some cases carbon-negative, when methanol is produced from renewable feedstocks such as captured carbon dioxide or municipal solid waste. KCE is currently developing projects with e1’s® technology for municipalities, drayage fueling, fleet vehicle EV charging, hydrogen distribution, and hydrogen refueling stations with EV fast charging.
About Kaizen Clean Energy:
Founded in 2021, KCE is a future fuels-focused company, headquartered in Houston, TX, specializing in the design, development, and manufacture of hydrogen generators for decentralized power in transportation, power, agricultural, EV charging, municipalities, and hydrogen markets.
For more information about Kaizen Clean Energy, please visit www.kaizencleanenergy.com.
About Element 1 Corp:
e1® designs and develops advanced hydrogen generation systems used to power fuel cells with broad use in mobile applications such as marine, trucking, off-road vehicles, rail, warehousing, and backup power supply sectors. e1’s® proprietary technology produces hydrogen on-demand at the point of consumption, eliminating the logistical challenges and costs inherent in distributing compressed hydrogen. For more information about e1®, please visit www.e1na.com.
KCE Media Contact:
Eric Smith
Managing Director
Kaizen Clean Energy
Phone: +1.346.337.7788
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e1 Media Contact:
Robert Schluter
CBDO
Element 1 Corp
Phone: +1.541.678.5943
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Bretana oil field production surpasses 2019 highwater mark
CALGARY, Alberta & HOUSTON--(BUSINESS WIRE)--#PTAL--PetroTal Corp. ("PetroTal" or the "Company") (TSXV: TAL, AIM: PTAL and OTC: PTALF) has completed the BN-8H (“8H”) well, PetroTal’s fourth horizontal well in the Bretana oil field.
Bretana field achieves record production of approximately 15,400 bopd
PetroTal commenced production of its fourth horizontal well 8H on September 4, 2021, with unrestricted flow rates of approximately 7,600 barrels of oil per day (“bopd”) over a ten-day period. Selected highlights are as follows:
Completion of well 8H below budget
ABOUT PETROTAL
PetroTal is a publicly traded, tri‐quoted (TSXV: TAL, AIM: PTAL and OTC: PTALF) oil and gas development and production Company domiciled in Calgary, Alberta, focused on the development of oil assets in Peru. PetroTal's flagship asset is its 100% working interest in Bretana oil field in Peru's Block 95 where oil production was initiated in June 2018. In early 2020, PetroTal became the second largest crude oil producer in Peru. The Company's management team has significant experience in developing and exploring for oil in Peru and is led by a Board of Directors that is focused on safely and cost effectively developing the Bretana oil field. It is actively building new initiatives to champion community sensitive energy production, benefiting all stakeholders.
For the full release and reader advisories, please visit: https://petrotal-corp.com/petrotal-announces-completion-of-8h-horizontal-well-with-record-production-of-nearly-8000-barrels-of-oil-per-day.
The Company's filed documents at http://www.sedar.com/.
PetroTal Investor Relations
Douglas Urch
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FRIEDBERG, Germany--(BUSINESS WIRE)--GE (NYSE: GE), Fraunhofer IGCV and voxeljet AG (NASDAQ: VJET) today announced a research partnership to develop the world’s largest 3D printer for offshore wind applications in order to streamline the production of key components of GE’s Haliade-X offshore wind turbine. The Advance Casting Cell (ACC) 3D printer under development will benefit from financial support from the German Federal Ministry for Economic Affairs and Energy and will be capable of printing molds to cast components for the nacelle2 of the GE Haliade-X that can each weigh more than 60 metric tons, reducing the time it takes to produce this pattern and mold from ten weeks or more to just two weeks. In addition, the use of the 3D printer is expected to reduce the product’s carbon footprint by eliminating the need to transport the large parts from a central manufacturing location. The partners expect to launch the project during the third quarter of 2021 with initial printer trials starting during the first quarter of 2022.
The project involves the development of a new, large format 3D printer capable of producing sand molds for casting the highly complex metal parts of different shapes and sizes that make up an offshore wind turbine nacelle. The modular 3D printing process, which is based on voxeljet’s core “Binder-Jetting” technology, can be configured to print molds for castings up to 9.5 meters in diameter and 60-plus tons in weight, dimensions.
Juan Pablo Cilia, Senior Additive Design Engineer at GE Renewable Energy, said, “The 3D printed molds will bring many benefits including improved casting quality through improved surface finish, part accuracy and consistency. Furthermore, sand binder jet molds or additive molds provide cost savings by reducing machining time and other material costs due to optimized design. This unprecedented production technology will be a game changer for production efficiency allowing localized manufacturing in high cost countries, a key benefit for our customers looking to maximize the local economic development benefits of offshore wind.”
The Fraunhofer Institute for Casting, Composite and Processing Technology IGCV is responsible for casting and materials technology issues as well as digital process monitoring. “We are taking a close look at thermal management during casting, and we will evaluate the ideal proportions of the printing materials,” said Dr. Daniel Günther, Head of Department Molding Processes and Molding Materials at Fraunhofer IGCV. “Also, we will develop and test new approaches to process monitoring as part of the project.” Based on prior experience the team expects to significantly improve the environmental footprint of processes involved in producing the Haliade-X type wind turbines. This sustainability aspect is a firmly established guiding principle of research at Fraunhofer-Gesellschaft, according to the institute’s director, Prof. Dr. Wolfram Volk, who adds: “We aim to optimize the mold printing to avoid extremely costly misprints or even miscasts, to save on binder and activator, and to improve mechanical and thermal behavior during casting. By developing a process that conserves resources as much as possible, we want to help to improve the environmental and cost balance in the manufacture of wind turbines.”
Christian Traeger, Director of Marketing and Sales at voxeljet, said, “The test mold we printed for GE in 2019 consisted of dozens of individual parts. With the ACC, we aim to print a significantly reduced number of parts for the full set. Added to that, the mold can be optimized in terms of functionality and material consumption. This optimization makes completely new casting designs possible that can further enhance the efficiency of the turbines.”
“While offsite on-demand 3D printing provides many benefits for small quantities of cast parts, running a 3D printing system on-site leverages the technology to its fullest capacity. Given the demand for offshore wind turbines, that will help a lot to fulfill project schedules and high market demands,” adds Dr. Ingo Ederer, CEO at voxeljet. “With our productive Binder-Jetting technology in combination with our experience in large format industrial 3D printing, we are serving customers in the foundry industry for over 20 years. It is our mission to bring 3D printing into true industrial manufacturing and we are therefore very excited to be part of this groundbreaking project.”
The International Energy Agency3 has projected that global offshore wind capacity will increase 15-fold by 2040, becoming a 1 trillion dollar industry, thanks to falling costs, supportive government policies and technological progress like that behind the Haliade-X offshore turbine from GE Renewable Energy. GE Renewable Energy has been selected to supply its Haliade-X turbine for 5.7 GWs worth of projects in Europe and the US. The company is a member of the Offshore Wind Industry Council (OWIC) and as part of that supports various initiatives that aim at increasing the production of sustainable wind energy.
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Notes
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About GE Renewable Energy
GE Renewable Energy is a $16 billion business that combines one of the broadest portfolios in the renewable energy industry to provide end-to-end solutions for our customers demanding reliable and affordable green power. Combining onshore and offshore wind, blades, hydro, storage, utility-scale solar, and grid solutions as well as hybrid renewables and digital services offerings, GE Renewable Energy has installed more than 400+ gigawatts of clean renewable energy and equipped more than 90 percent of utilities worldwide with its grid solutions. With nearly 40,000 employees present in more than 80 countries, GE Renewable Energy creates value for customers seeking to power the world with affordable, reliable, and sustainable green electrons.
Follow us at www.ge.com/renewableenergy, on www.linkedin.com/company/gerenewableenergy, or on www.twitter.com/GErenewables
About Fraunhofer Institute for Casting, Composite and Processing Technology IGCV
Fraunhofer IGCV stands for application-driven research with focus on efficient engineering, networked production, and smart multi-material solutions. The institute drives innovation on the level of manufacturing processes and material sciences, machines and process chains as well as factory and enterprise networks. One major focus is on the future scenarios and topics of the casting industry. Our core competences in this area include indirect additive manufacturing, molding materials, casting materials, process development, analytics, and simulation.
In an effort to transfer knowledge from research and development into industrial applications, our almost 120 scientists generate individual solutions for the German industry. Our unique selling proposition lies in interdisciplinary solutions in the fields of casting, composite and processing technology. As part of the Fraunhofer Group for Production – an association of production technology institutes – we support our partners with short-term, mid-term, and long-term research projects. Thus, we contribute to ensuring a sustainable competitive edge in Germany and Europe.
Visit our website www.igcv.fraunhofer.de/en, and follow us on social media: Twitter, Instagram, Xing, LinkedIn und YouTube
About voxeljet
voxeljet’ s (NASDAQ: VJET) roots reach back to the year 1995 with the first successful dosing of UV-resins. In the context of a "hidden" project, initial 3D-printing tests are performed at the Technical University Munich. Our company was founded on May 5, 1999 as a spin-off from TUM in Munich with a clear vision in mind: to establish a new manufacturing standard by developing new generative processes for the series-production of complex components using 3D printing. In the beginning, operations are launched with four employees at the TUM. Today, we are a globally acting, leading provider of high-speed, large-format 3D printers and on-demand 3D printed parts to industrial and commercial customers. Components manufactured with the help of our technology are flying in space, make mobility more efficient and the production of new engineering solutions possible. Visit our website www.voxeljet.com, and follow us on Linkedin, or on Twitter.
Cautionary Statement on Forward-Looking Statements
This press release contains forward-looking statements concerning our business, operations and financial performance. Any statements that are not of historical facts may be deemed forward-looking statements. You can identify these forward-looking statements by words such as ‘‘believes,’’ ‘‘estimates,’’ ‘‘anticipates,’’ ‘‘expects,’’ ‘‘plans,’’ ‘‘intends,’’ ‘‘may,’’ ‘‘could,’’ ‘‘might,’’ ‘‘will,’’ ‘‘should,’’ ‘‘aims,’’ “projects” or other similar expressions that convey uncertainty of future events or outcomes. Forward-looking statements include statements regarding our intentions, beliefs, assumptions, projections, outlook, analyses or current expectations concerning, among other things, our results of operations, financial condition, business outlook, the potential timeline for development of and application of new technology and new materials and their impact on future business, the industry in which we operate and the trends that may affect the industry or us. Although we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that forward-looking statements are not guarantees of future performance. All of our forward-looking statements are subject to known and unknown risks, uncertainties and other factors that are in some cases beyond our control and that may cause our actual results to differ materially from our expectations, including those risks identified under the caption “Risk Factors” in voxeljet’s Annual Report on Form 20-F and in other reports voxeljet files with the U.S. Securities and Exchange Commission. Except as required by law, voxeljet undertakes no obligation to publicly update any forward-looking statements for any reason after the date of this press release whether as a result of new information, future events or otherwise.
Tim Brown
GE Renewable Energy
+1-301-509-9352
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Frederik von Saldern
voxeljet AG
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Elke Brown
Fraunhofer IGCV
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Leadership changes to accelerate DTE’s expansion as a provider of unique real-time and predictive metals intelligence solutions
REYKJAVIK, Iceland--(BUSINESS WIRE)--The Board of DTE ehf. (DTE) (www.dte.ai), a leader in metals intelligence, is pleased to announce the appointment of Diego Areces as Chief Executive Officer.
Diego Areces, who joined DTE in 2020 after a long tenure at Schneider Electric, succeeds Karl Matthiasson, one of the Company's two founders, who steps into the role of Chief Financial Officer.
The changes reflect DTE's increased commercial focus and reorganization to accelerate its market expansion, as it continues to innovate around its unique elemental analysis LP-LIBS™ technology, advances its real-time and predictive metals intelligence platform to the next level, and launches its forthcoming Series B financing round. Diego Areces' mission will be to lead DTE through its growth phase, while Karl Matthiasson, in his new role as CFO, will focus on solidifying DTE's financial foundation, expanding its global presence and leading the next funding round.
“I'm very pleased to take on the CEO role to continue building on the success of DTE’s technological accomplishments,” commented Mr. Areces. “Our disruptive technology is poised to transform the metals market and the team has developed solid relationships with strategic customers, which collectively form the launch pad of DTE's market expansion. Our metals intelligence platform enabled by our unique elemental analysis technology allows us to deliver beneficial financial and environmental business outcomes to our customers. We see ourselves as significant contributors to a carbon-neutral future and digital transformation towards Industry 4.0 for the industries we serve. I want to thank both Karl and Sveinn, the co-founders and prior CEOs, for their achievements and the support that they have provided to my appointment.”
“We’re delighted to announce Diego’s leadership and are convinced that he is the right person to drive DTE going forward,” commented DTE co-founder and CEO Karl Matthiasson. “We look forward to the next phase of the Company’s evolution and will continue to build a larger, stronger team to deliver the value that we can achieve through unlocking the future of metals.”
Richard MacKellar, Managing Partner at Chrysalix Ventures and Chairman of the Board of DTE, commented, “Chrysalix is excited and supportive of the nomination of Diego Areces as DTE's CEO. We welcome Diego to this new role in the Company as we continue to drive DTE's growth to fulfill its potential in leading a market of new and better, greener, safer, more efficient metals through technological innovation and value-added solutions. I would also like to thank and acknowledge Karl for his outstanding leadership up to this point, which continues with the challenge of leading DTE's financing and next funding rounds.”
Find out more about DTE's metals intelligence solutions at www.dte.ai.
About DTE ehf.
DTE, Unlocking the Future of Metals™, is the leading innovator in real-time intelligence from liquid metals, serving customers across the metals production and manufacturing value chain through maximizing value, sustainability, safety, and efficiency for all stakeholders.
Our purpose is advancing human progress with greener, safer, more efficient, and more valuable metals, contributing to the 1.5-degree challenge while driving its digital transformation towards Industry 4.0 with the next generation of IIoT analysis technology. DTE provides tangible financial and environmental business outcomes from the plant floor to the business levels through valuable intelligence and predictive insights from liquid metals.
IREAS, DTE's unique, connected, real-time intelligence from liquid metals solution seamless integrated IT and OT, combining chemical composition analysis from molten metals based on Liquid-Phase Laser-Induced Breakdown Spectroscopy (LP-LIBS™) with an artificial intelligence-based analytics platform and digital metals intelligence services.
For more information, please visit www.dte.ai.
DTE ehf.
Diego Areces, CEO
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(+354) 698 0173
LONDON--(BUSINESS WIRE)--Solar Americas Capital is launching to bring upwards of 2GW of solar power in partnership with progressive corporations across Brazil by 2026. The company will co-fund, identify, build and manage the solar assets for commercial partners, drawing on over 25 years of experience working in the Brazilian, solar and finance markets. The company has successfully completed its first funding round, secured access to growth capital from private investors and is starting the construction of its first solar farm in Brazil. Solar Americas aims to raise £1 billion for investment in Brazilian solar energy by 2026.
In 2021 alone, Brazilian energy prices increased by over 50% and are expected to continue to rise considerably above inflation. Worldwide however, the costs for solar power generation continue to fall. Energy cost savings of up to 30% can be realised by companies in Brazil turning to solar power due to the abundance of solar irradiation coupled with the regulatory incentives to feed a growing demand. Brazil is the only geographically large country with GDP exceeding $1.5trillion dollars where utility-scale solar penetration is below 2% despite its exceptional climactic potential for this type of renewable energy. Total solar installations in Brazil have more than doubled since 2019, despite the pandemic. Solar Americas sees this rapid rate of expansion as continuing over the next 5 years and is looking forward to playing a key part in it.
Partnering with Solar Americas gives companies the ability to forecast their power expenditure for as long as they choose to own the asset. If a company is spending $200,000+ on power per year, being able to guarantee supply for 20 years in an otherwise highly volatile market enables significant competitive advantages. Solar Americas will also deliver Brazilian companies a rare opportunity for energy spend transparency as well as providing guarantees to shareholders and governance bodies as to the sustainability credentials of their energy source.
Luiz Silva, Co-Founder, CEO EMEA of Solar Americas said: “Improving on environmental credentials is no longer optional. Companies across the world are keen to explore ways that they can guarantee a reduction in their carbon footprint as well as fully optimising their operations with cost reductions. Building a solar farm is complex and requires experience and focus on the operation which many mid-size companies do not have in-house and is expensive to access. We have the knowledge and connections required to build a solar power installation and lift the burden from our partners.”
Solar Americas will form joint ventures with each company it works with to develop the co-funded solar asset together. The Solar Americas network will also provide an umbrella under which its clients can access a larger portfolio of asset sale options when they are ready to divest the asset, with an experienced team to structure and guide the deal.
Tiago Alves, Co-Founder, CEO Americas of Solar Americas also commented: “We are delivering a new partnership design with upside and transparency for Brazilian companies and investors while enabling them to monetise and develop a strategic asset for the future. This is a huge opportunity for both corporates in Brazil and investors to be part of a much bigger sell, without the risk of going it alone.”
The Company attracted investors active in a range of sectors and geographies:
“EVIPAR is a household name in the region with a long-standing reputation for responsible investments within the healthcare and real-estate sectors. The client-investor collaborative model of Solar Americas Capital attracted our attention, and we look forward to collaborating with its successful roll-out in Brazil”, said Francisco Eustacio Viera Filho, shareholder at EVIPAR and Board Advisor at Solar Americas.
Rebeca and Raphael da Fonte, who completes the roaster of Board Advisors at Solar Americas Capital, add “As a family, we have interests in technology and infrastructure operations spreading over 20 countries, including companies such as ATP, Motrice and Grupo Raymundo da Fonte. The complementarity of Solar Americas Capital with companies linked to our families and the experience behind the team constitutes a strength that we are happy to be part of”.
Ends
Olivia Hammond, Fire on the Hill
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mob: 07597569660
Acquisition Facility Will Also Support Further Strategic M&A by IMServ
LONDON & LOS ANGELES--(BUSINESS WIRE)--Crescent Capital Group LP, a leading alternative credit investment firm, announced today that its European Specialty Lending strategy has provided unitranche financing to support the acquisition of IMServ, a pioneer of metering and data services for the electricity, gas and water sectors in the U.K., by Bluewater, the specialist international private equity firm focused on the middle market energy sector. Crescent has also provided a committed acquisition facility for IMServ to further accelerate growth through strategic M&A. Terms of the transaction were not disclosed.
With over 500 employees, IMServ is one of the U.K.’s largest independent energy data management providers and the market leader in half-hourly data collection for the industrial and commercial markets. IMServ is well-known for its ability to not only process high volumes of energy data quickly and consistently but also deliver accurate billing and settlement services.
“We are pleased that Crescent is able to provide the financing to facilite the strategic growth of IMServ, which is well-positioned to take advantage of the UK-wide transition to smart meters and half-hourly data processing within the SME and residential markets,” said Christine Vanden Beukel, Managing Director and head of Crescent’s European Specialty Lending strategy. “Working with sponsors with sector-focused funds like Bluewater is a testament to the strength of our flexible capital solutions, and we look forward to continuing to meet the financing needs of sponsors and their portfolio companies.”
About Crescent Capital Group
Crescent Capital Group is headquartered in Los Angeles with offices in Boston, London, and New York. With more than 85 investment professionals and approximately 180 employees, the firm invests at all levels of the capital structure, with a significant focus on below investment grade credit through strategies that invest in senior bank loans, unitranche loans, high yield debt, mezzanine debt, and other private debt securities. As of June 30, 2021, Crescent Capital Group managed approximately $34 billion, with a relatively equal split between marketable securities and privately originated debt investments. For more information about Crescent Capital Group, please visit www.crescentcap.com.
About IMServ
IMServ is one of the U.K.’s largest independent energy data management providers. Their end-to-end energy data solutions help organisations across all sectors make intelligent use of their energy. The company offers a range of specialist metering technology for electricity, gas and water along with highly accurate energy data collection services. All of this incorporated within an easy-to-view online data management analysis and reporting software platform. For more information, please visit www.imserv.com.
About Bluewater
Bluewater is a specialist international private equity firm focused on the middle-market energy sector. Their experienced investment and operating professionals drive value creation as they manage $2.5 billion of investment across a portfolio of 22 companies. Today, Bluewater has a prime focus on projects or technologies that contribute to the energy transition agenda, and works to a diversified investment strategy based on the principles of sustainability and close working partnerships with best-in-class management teams. Bluewater has a strong focus on ESG, and is a signatory to the UN Principles for Responsible Investment. For more information about Bluewater, please visit www.bluewaterpe.com.
Crescent Capital Group
Mendel Communications
Bill Mendel, +1-212-397-1030
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KENNESAW, Ga.--(BUSINESS WIRE)--Yamaha Rightwaters™ joined forces with the Florida Agricultural and Mechanical University – Florida State University® College of Engineering (FAMU®-FSU® College of Engineering) to study and prove a land-based trash interceptor concept. The device will assist in cleaning debris out of waterways before trash can reach the ocean.
The Yamaha Rightwaters team designed and built a scale model of an interceptor concept in 2020, with plans to deploy the finished product in Brunswick, Ga. This fall, Will Hill, Strategic Initiatives Manager at the Resilient Infrastructure & Disaster Response (RIDER) Center at the college and Florida State University, will work in conjunction with faculty members Tarek Abichou and Sean Martin to spearhead a project constructing and proving the trash interceptor concept. If successful, the final product will be an economical, scalable and easily deployable device.
“The community of Brunswick, Ga., like many others nationwide, must consistently innovate to stay ahead of rising levels of pollution and waste,” said Hill. “Pollution and waste accumulating in inland waterways and marshes are threats that destabilize ecosystems and the local economies that depend on them. We are honored to have the opportunity to work with Yamaha Rightwaters in developing practical, effective solutions to one of the biggest challenges facing our waterways. We look forward to seeing the impact this device will have on plastic problems facing Georgia’s coast.”
Yamaha Rightwaters aims to deploy the interceptor device in December or early in Q1, 2022. From there, Yamaha Rightwaters seeks to expand the project to more waterways around the country.
“The trash interceptor pilot program is just the beginning of what we hope will become a much larger initiative,” said John O’Keefe, Senior Specialist, Government Relations, Yamaha U.S. Marine Business Unit. “Working with the college, Yamaha Rightwaters hopes to engage a ‘student science’ approach to the trash interceptor while tapping into the enthusiasm this generation of students has displayed towards conservation and environmental issues.”
As part of those efforts, a group of undergraduate seniors at the FAMU-FSU College of Engineering will also develop a land-based trash interceptor device from their own designs and concepts for their engineering capstone project. The device they design must also be economical, scalable and easily deployable.
“The device our students are working on has a much broader scope, which brings its own challenges and opportunities,” said Shayne McConomy, faculty member and Capstone Design Coordinator, FAMU-FSU College of Engineering. “We’re asking them to design a trash interceptor that Yamaha Rightwaters can, in theory, deploy in waterways across the country. It takes a concentrated team effort to achieve sustainable solutions, and this is a cause our students are excited to work on.”
In 2020, Yamaha Rightwaters and Skeeter® Boats provided FSU’s Coastal and Marine Laboratory a Yamaha/Skeeter boat package to assist FSU’s Apalachicola Bay System Initiative (ABSI), which seeks to develop a management and restoration plan for the oyster reefs and overall health of the bay.
“Yamaha Rightwaters and Florida State University share a common goal of cleaner, healthier waterways,” continued O’Keefe. “Working together, we can help provide our children and grandchildren the same boating and fishing experiences we enjoy today.”
Yamaha Rightwaters™ is a national sustainability program that encompasses all of Yamaha Marine’s conservation and water quality efforts. Program initiatives include habitat restoration, support for scientific research, mitigation of invasive species, the reduction of marine debris and environmental stewardship education. Yamaha Rightwaters reinforces Yamaha’s long-standing history of natural resource conservation, support of sustainable recreational fishing and water resources and Angler Code of Ethics, which requires pro anglers to adhere to principles of stewardship for all marine resources.
Yamaha Marine products are marketed throughout the United States and around the world. Yamaha Marine U.S. Business Unit, based in Kennesaw, Ga., supports its 2,400 U.S. dealers and boat builders with marketing, training and parts for Yamaha’s full line of products and strives to be the industry leader in reliability, technology and customer service. Yamaha Marine is the only outboard brand to have earned NMMA®’s C.S.I. Customer Satisfaction Index award every year since its inception.
REMEMBER to always observe all applicable boating laws. Never drink and drive. Dress properly with a USCG-approved personal floatation device and protective gear.
© 2021 Yamaha Motor Corporation, U.S.A. All rights reserved.
This document contains many of Yamaha's valuable trademarks. It may also contain trademarks belonging to other companies. Any references to other companies or their products are for identification purposes only and are not intended to be an endorsement. FAMU is a registered trademark of Florida Agricultural and Mechanical University. FSU and Florida State University are registered trademarks of Florida State University.
Brad Massey
Manager, Corporate Communications and Video
Yamaha U.S. Marine Engine Systems
Office: (770) 701-3294
Mobile: (470) 227-9024
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Neal Wheaton
Wilder+Wheaton for
Yamaha U.S Marine Engine Systems Mobile: (404) 317-0698
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LONDON & ROCHESTER, England--(BUSINESS WIRE)--BAE Systems, in collaboration with other maritime industry leaders, has secured funding from the UK Department of Transport to design, develop, and demonstrate exciting new power and propulsion technologies for London, with the potential to reduce emissions across global waterways.
Working across two separate projects in the city with Uber Boat by Thames Clippers, a ferry operator, and Cory, a waste to energy management company, BAE Systems will use its expertise in providing integrated solutions in electric propulsion and power management, alongside its experience in vessel autonomy. This approach will deliver connected solutions to reduce the power demands of vessels, in conjunction with their design, to increase efficiency.
The projects will also look at how onboard and shore based high power, rapid charging points can be developed to provide charging stations for vessels to keep on the move.
These two projects are part of the Clean Maritime Demonstration Competition, funded by the Department for Transport and delivered by Innovate UK. Each project will start as a feasibility study that will show the technological and commercial viability of connected system designs.
“The UK government has set robust targets for nationwide net zero carbon emissions by 2050 and we all have a part to play to achieve that ambition, but we can’t do this on our own,” said Paul Simavari, Business Development Manager for BAE Systems’ Electronic Systems sector. “The Clean Maritime Demonstrators are an exciting new approach to the Zero Emissions challenge and by bringing together companies with expertise across the industry, we will be able to create a cleaner, more sustainable and more environmentally friendly marine sector.”
Uber Boat by Thames Clippers operates 21 vessels along the River Thames, providing links across the city for commuters and tourists. This project will investigate how low- and zero-emission propulsion and power management technology, which includes intelligent controls, can make a positive difference in transporting people and goods around a busy capital city.
Geoff Symonds, Chief Operating Officer for Uber Boat by Thames Clippers said: “As the operator of a modern and fuel-efficient high speed passenger boat service on the River Thames, we are, and have been for over 20 years, at the forefront of innovation for the river marine sector. We are committed to supporting the sustainable growth of infrastructure on and around the river to ensure its long-term importance to Greater London. We pride ourselves on driving the technology forward to ensure we are continually working to improve both the efficiency and environmental impact of our business. As such, we are proud to be working alongside BAE Systems to achieve a greener marine future.”
The second, separate study with Cory, the only UK recycling and waste management company to transport waste by river, will look at how low and zero-emission propulsion and power management technology, combined with autonomous capabilities can bring cleaner energy to the waste management industry. Cory already turns waste into construction materials and a clean source of energy that feeds back into London’s main power grid and that could potentially supply Thames River users.
Cory’s Director of Logistics, Fran Comerford-Cole, said: “Cory’s collaboration with BAE Systems is an important, coordinated effort to reduce shipping emissions and explore the potential of autonomous propulsion. As a business, we are proud of our stewardship of the Thames and the river’s role in reducing the environmental impact of our operations. We want to take this a step further by helping to drive innovation in lower and zero carbon marine vessels. In turn, this will help the UK on its road – or voyage – to net zero.”
The Clean Maritime Energy Competition will expand BAE Systems’ existing clean energy footprint in London, with engine drive technology already featuring on nearly 1,000 of the city’s iconic red buses.
These two feasibility studies will start this month and will be completed by March 2022. The aim is then to produce vessel demonstrators for each project to prove the findings of the study before being adopted by the wider fleet.
For further information:
Dan Palmer, BAE Systems
T: +44 (0) 7789 618513
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Sean Hills, BAE Systems
T: +44 (0) 7827 991666
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Element 1 Corp Partners with Kaizen Clean Energy to Deploy Hydrogen Generator / Fuel Cell Powered Solutions for an Electric Vehicle Charging Solution & Hydrogen Distribution
BEND, Ore.--(BUSINESS WIRE)--Element 1 Corp (“e1®”), a leading developer of hydrogen generation technology, today announced that it has licensed proprietary L-Series hydrogen generator technology to Kaizen Clean Energy (“KCE”), a leading developer of distributed hydrogen generation. Under the terms of the license agreement, KCE has been granted rights to manufacture and deploy L-Series hydrogen generators for distributed Battery Electric Vehicle (EV) charging, hydrogen production for hydrogen Fuel Cell Electric Vehicles (FCEVs), and standby power generation in the United States.
With proven growth in the EV sector and growing interest in hydrogen fuel cell power solutions, KCE has helped align e1’s Hydrogen Generators to support multiple markets from a single modular solution. Robert Meaney, Co-CEO & Chief Technology Officer, said, “Unfortunately, grid demand charges, unreliable energy supply, and lengthy electric grid expansions are stalling billions of dollars in investments for wider adoption of EV charging. Our partnership with e1 provides companies an immediate opportunity to scale, control, and decentralize their EV charging and generate revenue from hydrogen production and power generation when there are no vehicles to charge.”
Dr. David Edlund, e1 CEO, said, “e1 is delighted and privileged to be collaborating with KCE and their strategy to displace aging energy solutions. Our hydrogen generation technology being licensed to KCE is supported by dozens of patents. Just like when phones became separated from the cord, KCE’s hydrogen generator power solutions will provide a similarly disruptive approach to EV charging and separate EV fleet owners from the grid. I anticipate our relationship with KCE to continue expanding to lower the cost of EV charging and hydrogen.”
The e1 hydrogen generators produce hydrogen from methanol and deliver on-demand hydrogen at the point of use, eliminating the need to transport compressed hydrogen gas. This significantly reduces the cost of using hydrogen as an energy product. In addition, this process can be carbon-neutral, and in some cases carbon-negative, when methanol is produced from renewable feedstocks such as captured carbon dioxide or municipal solid waste. KCE is currently developing projects with e1’s® technology for municipalities, drayage fueling, fleet vehicle EV charging, hydrogen distribution, and hydrogen refueling stations with EV fast charging.
About Kaizen Clean Energy:
Founded in 2021, KCE is a future fuels-focused company, headquartered in Houston, TX, specializing in the design, development, and manufacture of hydrogen generators for decentralized power in transportation, power, agricultural, EV charging, municipalities, and hydrogen markets. For more information about Kaizen Clean Energy, please visit www.kaizencleanenergy.com.
About Element 1 Corp:
e1 designs and develops advanced hydrogen generation systems used to power fuel cells with broad use in mobile applications such as marine, trucking, off-road vehicles, rail, warehousing, and backup power supply sectors. e1’s proprietary technology produces hydrogen on-demand at the point of consumption, eliminating the logistical challenges and costs inherent in distributing compressed hydrogen. For more information about e1, please visit www.e1na.com.
KCE Media Contact:
Eric Smith
Managing Director
Kaizen Clean Energy
Phone: +1.346.337.7788
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e1 Media Contact:
Robert Schluter
CBDO
Element 1 Corp
Phone: +1.541.678.5943
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