$1.7 million contract with leading UK defence contractor for G7 EXOs
CALGARY, Canada--(BUSINESS WIRE)--$BLN #TSX--Blackline Safety Corp. (TSX: BLN), a global leader of gas detection and connected safety solutions, today announced the close of a $1.7 million contract with a leading defence contractor in the United Kingdom.
The contract involves the purchase of G7 EXO area monitors for gas detection, ideal for rapid deployment and long-term monitoring of industrial workspaces. The area monitor’s durable design and long battery life were key factors in the buyer selecting Blackline Safety’s G7 EXO.
This new order follows the same customer’s initial $0.5 million order in October 2020, demonstrating a successful customer experience. More recently, the current contract comes on the heels of Blackline Safety’s largest order of portable area gas monitors from a Houston-based turnaround services provider.
“We’re seeing a significant increase in large orders, signaling that major projects are gaining momentum and our customers are returning to more normal business operations,” said Cody Slater, CEO and Chair for Blackline Safety. “Along with this positive change, we’re also encouraged to see existing customers expand their deployment after experiencing the benefits of protecting their workforce with our products and services.”
Blackline Safety’s G7 EXO is the world’s first direct-to-cloud connected area monitors with integrated 4G communications and deliver unmatched connectivity and visibility into an entire worksite. Supported by advanced analytical capabilities to ensure real-time compliance, comprehensive safety monitoring and the detection of up to five different gas types in even the most rugged of conditions, the award-winning G7 EXO offers industry-leading protection to workers and facilities.
For more information about Blackline Safety’s G7 EXO, visit blacklinesafety.com/g7-exo.
About Blackline Safety
Blackline Safety is a global connected safety leader that helps to ensure every worker gets their job done and returns home safely each day. Blackline provides wearable safety technology, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and increase productivity of organizations with coverage in more than 100 countries. Blackline Safety wearables provide a lifeline to tens of thousands of men and women, having reported over 155 billion data-points and initiated over five million emergency responses. Armed with cellular and satellite connectivity, we ensure that help is never too far away. For more information, visit www.BlacklineSafety.com and connect with us on Facebook, Twitter, LinkedIn and Instagram.
MEDIA CONTACT
Blackline Safety
Christine Gillies, CMO
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ROCKVILLE, Md.--(BUSINESS WIRE)--The Board of Directors of Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) today declared a regular quarterly cash dividend in the amount of $0.25 per share of common stock, payable October 29, 2021 to stockholders of record at the close of business on October 21, 2021.
About Argan, Inc.
Argan’s primary business is providing a full range of services to the power industry, including the renewable energy sector. Argan’s service offerings focus on the engineering, procurement and construction of natural gas-fired power plants and renewable energy facilities, along with related commissioning, operations management, maintenance, project development and consulting services, through its Gemma Power Systems and Atlantic Projects Company operations. Argan also owns The Roberts Company, which is a fully integrated fabrication, construction and industrial plant services company, and SMC Infrastructure Solutions, which provides telecommunications infrastructure services.
Company Contact:
Rainer Bosselmann
301.315.0027
Investor Relations Contact:
David Watson
301.315.0027
WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) today announced Interim General Counsel and Corporate Secretary Richard Reich has been promoted to Senior Vice President and General Counsel. In this position, Mr. Reich is responsible for leading NJR’s legal department, developing and directing the corporate legal function and overseeing corporate compliance. He will also continue to serve in the Corporate Secretary role until a replacement is selected.
“Rich is an exceptional corporate attorney, who will serve our company well as Senior Vice President and General Counsel,” said Steve Westhoven, President and CEO of New Jersey Resources. “Throughout his tenure at NJR, he’s proven himself to be a strong and capable leader and a valued member of our team. I am confident he will continue to play a key role in our success as we continue to grow our business, execute our sustainability strategy and meet our customers’ expectations.”
Mr. Reich joined NJR in 2006 as Associate General Counsel, where he focused on securities law and other corporate legal matters. In 2016, he was promoted to Corporate Secretary and Assistant General Counsel with responsibility for the oversight of the company’s corporate governance. He was named Interim General Counsel in May 2021.
Prior to NJR, he served as an associate attorney at Milbank, Tweed, Hadley & McCloy LLP and Troutman Sanders LLP, where he practiced in the areas of finance, securities and general corporate law.
Mr. Reich graduated magna cum laude from New York University with a bachelor of science degree in politics and received his juris doctor degree from New York University School of Law. He is a member of the Association of Corporate Counsel and the Society of Corporate Secretaries and Governance Professionals.
About New Jersey Resources
New Jersey Resources (NYSE: NJR) is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. NJR is composed of five primary businesses:
NJR and its nearly 1,200 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve® and initiatives such as The SAVEGREEN Project® and The Sunlight Advantage®.
Follow us on Twitter @NJNaturalGas.
“Like” us on facebook.com/NewJerseyNaturalGas.
Media Contact:
Michael Kinney
732-938-1031
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Investor Contact:
Dennis Puma
732-938-1229
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NEW YORK & SANTIAGO, Chile--(BUSINESS WIRE)--EnfraGen, LLC ("EnfraGen"), a developer, owner, and operator of specialized sustainable and renewable power and grid stability assets in Latin America owned by Glenfarne Group, LLC ("Glenfarne") and leading global private markets firm Partners Group, on behalf of its clients, is pleased to announce the growth and strengthening of its executive team for the Prime Energia Chile business. Mr. Rodrigo Cienfuegos Pinto, who currently serves as Chief Executive Officer, has been appointed to the new position of President, effective from September 15, 2021, with Mr. Jose Arosa replacing Mr. Cienfuegos as Chief Executive Officer while also serving in a dual role as EnfraGen’s Executive Vice President, Commercialization. Mr. Arosa will report to EnfraGen’s President, Bryan Murphy.
Mr. Cienfuegos was Prime Energia Chile’s first employee in 2014 having played a leading role in Prime’s efforts to acquire, develop, build, and operate the grid stability plants that are vital to Chile’s power grid. Over the last seven years, Mr. Cienfuegos has overseen the dramatic growth of the Prime Energia Chile business from 0 megawatts to over 1000 megawatts including projects under development and construction. This intensive growth includes more than a dozen solar plants and nine grid stability plants.
As President of Prime Energia Chile, Mr. Cienfuegos will serve as a senior advisor to the company’s leadership team.
Mr. Cienfuegos said, “It has been an honor to serve as CEO of Prime Energia Chile working with Glenfarne, Partners Group, and the EnfraGen and Prime Energia Chile teams to start and grow a new business that has become a vital part of the Chile’s energy infrastructure. I am excited for Prime’s future and am glad to continue being part of the Prime Energia Chile team as the business grows.”
Mr. Arosa joins EnfraGen from serving as President and CEO of AES Mexico where he oversaw the operating portfolio in Mexico for AES and was tasked with the growth strategy for EnerAB, a joint venture with Grupo BAL focused in developing clean energy projects. Mr. Arosa joined the AES Corporation in 2008 serving in various leadership roles in business development and mergers and acquisitions in several countries including in Chile. He also led the Mexican entry strategy for Inkia Energy as Country Manager for Mexico and was in charge of the development team for InterGen in the Americas. Mr. Arosa holds a BSc & MSc in Chemical Engineering from Universidad Alfonso X El Sabio and an MBA from the University of Virginia’s Darden School of Business.
“I am honored to be joining EnfraGen and Prime Energia Chile during this exciting time of expansion and growth for the company,” said Arosa. “EnfraGen has quickly become a preeminent company in the Latin American energy infrastructure sector and a leader in furthering the energy transition through providing flexible capacity to support the grid where it operates and competitive energy through its renewables portfolio. I look forward to working with the talented EnfraGen and Prime Energia Chile teams to accomplishing our ambitious objectives.”
EnfraGen President, Bryan Murphy said, “Rodrigo was at the forefront of critical thinking about energy transition in Chile and beyond and the innovative concept for grid stability plants in Chile, later paired with distributed renewable generation, came from him. Prime Energia would not exist today in its current form if it wasn’t for Rodrigo, and we are grateful for his dedication and effort to build our Chilean business. We look forward to his continued support of the business. At the same time, we are pleased that Jose has chosen to join EnfraGen to lead Prime Energia Chile. We look forward to the success we are confident he and the team will achieve under his leadership. Jose’s experience coupled with Rodrigo’s knowledge of the Chilean power market and his network of resources will aid the continued growth of our Chile business.”
About EnfraGen, LLC
EnfraGen is a developer, owner, and operator of grid stability and value-added renewable energy infrastructure businesses across Latin American investment-grade countries. EnfraGen’s grid stability assets supply flexible capacity and energy to local and regional grids in support of renewable power plant intermittent energy production. EnfraGen’s renewable plants are smaller scale, distributed solar photovoltaic and hydroelectric assets that take advantage of unique access points to electrical infrastructure or are located in optimized geographical locations. The business’ mission is to support the transition to zero-carbon emission electric grids.
EnfraGen is jointly controlled by Glenfarne Group, LLC, and global private markets firm Partners Group, on behalf of its clients, and has operational and in-construction assets across its subsidiaries totaling over 1.7GW of installed capacity in operation. The company, including its affiliates and subsidiaries, is supported by a team of approximately 325 professionals. EnfraGen maintains offices and assets in Chile, Panama, Colombia, and the United States.
About Glenfarne Group, LLC
Glenfarne is a privately held energy and infrastructure development and management firm based in New York City and Houston, Texas with offices in Dallas, Texas, Panama City, Panama; Santiago, Chile, and Bogota, Colombia. Glenfarne's seasoned executives, asset managers, and operators develop, acquire, manage, and operate energy and infrastructure assets throughout North and South America and Asia. For more information, please visit www.glenfarnegroup.com.
About Partners Group
Partners Group is a leading global private markets firm. Since 1996, the firm has invested over USD 150 billion in private equity, private real estate, private debt and private infrastructure on behalf of its clients globally. Partners Group seeks to generate strong returns through capitalizing on thematic growth trends and transforming attractive businesses and assets into market leaders. The firm is a committed, responsible investor and aims to create sustainable returns with lasting, positive impact for all its stakeholders. With USD 119 billion in assets under management as of 30 June 2021, Partners Group provides an innovative range of bespoke client solutions to institutional investors, sovereign wealth funds, family offices and private individuals globally. The firm employs more than 1,500 diverse professionals across 20 offices worldwide and has regional headquarters in Baar-Zug, Switzerland; Denver, USA; and Singapore. It has been listed on the SIX Swiss Exchange since 2006 (symbol: PGHN). For more information, please visit www.partnersgroup.com or follow us on LinkedIn or Twitter.
Kris Cole
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(310) 652-1411
ROCKVILLE, Md.--(BUSINESS WIRE)--#AmericanJobs--On September 9, Standard Solar Inc., a national leader in commercial and community solar asset development, and the Solar Energy Industries Association, the preeminent trade association for the solar industry, hosted U.S. Senators Chris Van Hollen and Ben Cardin and other government and industry leaders for a site visit and guided tour of the Shepherds Mill Community Solar Project in Union Bridge, MD.
Standard Solar funded the community solar farm and is the project’s long-term owner and operator. OGOS and Earth and Air Technologies developed it and subscriptions are managed by Neighborhood Sun Benefit Company.
“Community solar projects like Shepherds Mill, with their ability to impact significant segments of the population through job creation and the lowering of their carbon footprint, have become more and more important over the years,” said Rick Berube, Chief Operating Officer of Standard Solar. “In this time when our federal government is working to pass groundbreaking legislation that will strengthen solar policies and grow a clean energy economy, renewable energy assets that bring solar to people who might not otherwise have access to it are vital.”
“We need even more smart and focused investments in our infrastructure that respond to real needs and reap broad benefits for our workers, businesses, and the public at large. Strategic development of solar electricity production can help meet electricity demands and combat climate change – an imperative we must immediately confront,” said U.S. Senator Ben Cardin, Chair of the Environment and Public Works Subcommittee on Transportation and Infrastructure. “I appreciated the opportunity to see cutting-edge technology at work at the Standard Solar facility in Union Bridge and applaud the company’s role in helping to power Maryland’s electricity grid and innovation economy.”
“Investing in renewable energy sources like solar will not only help us tackle the threats of climate change but will also create clean energy jobs and boost Maryland’s economy. The Shepherds Mill Community Solar Project will also help participants save up to 30% on their electric bills. I will continue working at the federal level to support solar development projects to incentivize renewable energy use, reduce costs to consumers, and bring more opportunity to Marylanders,” said Senator Van Hollen.
“As we advocate for transformative solar and climate policy in Washington, it’s important that we are intentional and build a clean energy economy that uplifts every community with quality jobs, local investment, and cleaner, more reliable electricity,” said Abigail Ross Hopper, president and CEO of the Solar Energy Industries Association (SEIA). “The economic, health and resiliency benefits of solar energy have to be made accessible to all Americans, and we’re urging Congress to make sure that happens in the infrastructure legislation.”
The Shepherds Mill Community Solar Project is a 2.8 MW ground-mount solar array with 7,182 solar modules located on approximately 11 acres of land. It produces 4,000,000 kilowatt hours of electricity each year and brings the power and savings of solar to hundreds of area subscribers.
A number of renewable energy policy initiatives are being considered as part of the historic Build Back Better infrastructure package such as expanded funding for permitting, a long-term extension of the solar Investment Tax Credit with an option for direct pay, increased job training and investments in grid modernization.
As a large-sized generation system helping to fuel the growth of the nation’s renewable energy infrastructure, the Shepherds Mill Community Solar Project plays a critical role in both Maryland’s burgeoning community solar market and America’s effort to reach 100% clean energy by 2035.
The project received grant funding from the Maryland Energy Administration’s (MEA) FY20 Community Solar LMI PPA Incentive Grant Program (LMI-PPA Program) designed to help extend the benefits of community solar projects to members of the Low and Moderate Income (LMI) community. LMI subscribers are guaranteed additional discounts on the community solar portion of their electric bill. All other residential customers are guaranteed to save 10% annually by switching to community solar power.
This project in Maryland – and more in the state that are currently operating, approved for design and in-construction – join Standard Solar’s 150+ MW of community solar projects funded and operating with partners around the United States.
About Standard Solar
Standard Solar is powering the nation’s energy transformation – channeling its project development capabilities, financial strength and technical expertise to deliver the benefits of solar, as well as solar + storage, to businesses, institutions, farms, governments, communities and utilities. Building on 17 years of sustainable growth and in-house and tax equity investment capital, Standard Solar is a national leader in the development, funding and long-term ownership and operation of commercial and community solar assets. Recognized as an established financial partner with immediate, deep resources, the company owns and operates more than 200 megawatts of solar across the United States. Standard Solar is based in Rockville, Md. Learn more at standardsolar.com, LinkedIn and Twitter: @StandardSolar.
About SEIA
The Solar Energy Industries Association® (SEIA) is leading the transformation to a clean energy economy, creating the framework for solar to achieve 20% of U.S. electricity generation by 2030. SEIA works with its 1,000 member companies and other strategic partners to fight for policies that create jobs in every community and shape fair market rules that promote competition and the growth of reliable, low-cost solar power. Founded in 1974, SEIA is the national trade association for the solar and solar + storage industries, building a comprehensive vision for the Solar+ Decade through research, education and advocacy. Visit SEIA online at www.seia.org and follow @SEIA on Twitter, LinkedIn and Instagram.
PR Contact:
Leah Wilkinson
Wilkinson + Associates
703-907-0010
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DUBLIN--(BUSINESS WIRE)--The "Europe Wireless Electric Vehicle Charging Market 2020-2030 by Charging Technology, Power Source, Component, Charging Type, Propulsion Type, Vehicle Type, Application, Distribution Channel, and Country: Trend Forecast and Growth Opportunity" report has been added to ResearchAndMarkets.com's offering.
Europe wireless electric vehicle charging market accounted for $4.21 million in 2020 and will grow by 38.9% annually over 2020-2030, owing to the surging sales of electric vehicles due to growing awareness about vehicle emissions and government subsidies, convenience and cost-effectiveness of wireless charging, and high investment by industry players on fast charging infrastructure.
Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate and forecast from 2020 till 2030 with 2019 as the base year because 2020 is not appropriate for research base due to the outbreak of COVID-19. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
The trend and outlook of Europe market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify Europe wireless electric vehicle charging market in every aspect of the classification from perspectives of Charging Technology, Power Source, Component, Charging Type, Propulsion Type, Vehicle Type, Application, Distribution Channel, and Country.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Key Topics Covered:
1 Introduction
1.1 Industry Definition and Research Scope
1.2 Research Methodology
1.3 Executive Summary
2 Market Overview and Dynamics
2.1 Market Size and Forecast
2.2 Major Growth Drivers
2.3 Market Restraints and Challenges
2.4 Emerging Opportunities and Market Trends
2.5 Porter's Fiver Forces Analysis
3 Segmentation of Europe Market by Charging Technology
3.1 Market Overview by Charging Technology
3.2 Magnetic Power Transfer
3.3 Inductive Power Transfer
3.4 Capacitive Power Transfer
4 Segmentation of Europe Market by Power Source
4.1 Market Overview by Power Source
4.2 3 - 11 kW
4.3 12 - 50 kW
4.4 Over 50 kW
5 Segmentation of Europe Market by Component
5.1 Market Overview by Component
5.2 Base Charging Pad
5.3 Power Control Unit
5.4 Vehicle Charging Pad
6 Segmentation of Europe Market by Charging Type
6.1 Market Overview by Charging Type
6.2 Stationary Wireless Charging
6.3 Dynamic Wireless Charging
7 Segmentation of Europe Market by Propulsion Type
7.1 Market Overview by Propulsion Type
7.2 Battery Electric Vehicle (BEV)
7.3 Plug-in Hybrid Electric Vehicle (PHEV)
8 Segmentation of Europe Market by Vehicle Type
8.1 Market Overview by Vehicle Type
8.2 Commercial Vehicles
8.3 Passenger Cars
9 Segmentation of Europe Market by Application
9.1 Market Overview by Application
9.2 Home Use
9.3 Commercial Use
10 Segmentation of Europe Market by Distribution Channel
10.1 Market Overview by Distribution Channel
10.2 OEMs
10.3 Aftermarket
11 European Market 2019-2030 by Country
11.1 Overview of European Market
11.2 Germany
11.3 U.K.
11.4 France
11.5 Spain
11.6 Italy
11.7 Russia
11.8 Rest of European Market
12 Competitive Landscape
12.1 Overview of Key Vendors
12.2 New Product Launch, Partnership, Investment, and M&A
12.3 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/ei51s1
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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BALTIMORE--(BUSINESS WIRE)--The Potomac Edison Company (PE), Baltimore Gas and Electric Company (BGE), Delmarva Power, and Pepco have issued Requests for Proposals (RFPs) for full-requirements, wholesale electric power supply to meet their Standard Offer Service (SOS) obligations in their Maryland service territories.
Each utility will provide market-based supply service to some or all of its electric customers who do not take service from competitive retail suppliers. The RFPs will consist of supply contracts ranging in term from three to twenty-four months. For BGE, Delmarva Power, and Pepco, the bidding for Residential contracts will occur in two procurements – October 2021 and April 2022, and the contract term will be twenty-four months. For PE, the bidding for Residential contracts will occur in four procurements – October 2021, January, April, and June 2022, and the contract term will range from twelve to twenty-four months. For BGE and PE, the bidding for small commercial Type I contracts will occur in two procurements – October 2021 and April 2022, and the contract term will be twenty-four months. For Delmarva Power and Pepco, the bidding for small commercial Type I, is combined with Residential contracts and will occur in two procurements – October 2021 and April 2022, and the contract term will be for twenty-four months. For all the Maryland Utilities, the bidding for larger commercial Type II contracts will be for three-month term contracts and will occur quarterly. The quarterly procurements will occur in October 2021, January, April and June 2022. Further details regarding the procurement schedule, including the bid due dates for this multi-procurement process can be found in the RFP documents. The four utilities will concurrently conduct their bidding processes under uniform rules and timetables.
The utilities are requesting proposals totaling approximately 3,990 megawatts (MW), including:
A joint-utility pre-bid webinar will be held on Sept. 21, 2021, at 1:00 p.m. EDT. The webinar will review the general RFP structure and process, the specific utility bid plans, and the power supply contract.
Additional details regarding the RFPs, the pre-bid webinar, and utility contact information can be found by visiting any of the following utility RFP websites:
PE |
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BGE |
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Delmarva Power |
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Pepco |
POTOMAC EDISON: 888-233-3583
BGE: Richard Yost, 410-470-7433
DELMARVA POWER: 866-655-2237
PEPCO: 202-872-2680
DEERFIELD, Ill.--(BUSINESS WIRE)--CF Industries Holdings, Inc. (NYSE: CF), a leading global manufacturer of hydrogen and nitrogen products, today announced that it has begun restarting its ammonia plants at the Donaldsonville Complex in Louisiana. Start-up of product upgrade plants (urea, nitric acid, urea ammonium nitrate) will follow. CF Industries had safely shut down all production units at the facility on Saturday, August 28, 2021, as part of its contingency plans for Hurricane Ida.
Shipping will proceed on an as available basis. CF Industries will communicate directly with customers regarding impacts caused by Hurricane Ida.
About CF Industries Holdings, Inc.
At CF Industries, our mission is to provide clean energy to feed and fuel the world sustainably. With our employees focused on safe and reliable operations, environmental stewardship, and disciplined capital and corporate management, we are on a path to decarbonize our ammonia production network – the world’s largest – to enable green and blue hydrogen and nitrogen products for energy, fertilizer, emissions abatement and other industrial activities. Our nine manufacturing complexes in the United States, Canada, and the United Kingdom, an unparalleled storage, transportation and distribution network in North America, and logistics capabilities enabling a global reach underpin our strategy to leverage our unique capabilities to accelerate the world’s transition to clean energy. CF Industries routinely posts investor announcements and additional information on the company’s website at www.cfindustries.com and encourages those interested in the company to check there frequently.
Media
Chris Close
Director, Corporate Communications
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Investors
Martin Jarosick
Vice President, Investor Relations
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ANN ARBOR, Mich.--(BUSINESS WIRE)--The Coretec Group, Inc. (OTCQB: CRTG) (the “Company”), is pleased to announce that it will be presenting at the H.C. Wainwright Annual Global Investment Conference being held virtually September 13-15, 2021.
Matthew Kappers, CEO of The Coretec Group, will provide an overview of the Company's business via a video presentation and will be available to participate in one-on-one meetings with investors who are registered to attend the conference. Matthew Kappers said, “the Wainwright team is a valued partner of The Coretec Group and we’re glad to be part of their Global Investment Conference.”
If you are an institutional investor, and would like to attend the Company’s presentation, click on the following link (www.hcwevents.com) to register. Once your registration is confirmed, you will be prompted to log into the conference website to request a one-on-one meeting with the Company.
About H.C. Wainwright & Co.
H.C. Wainwright is a full‐service investment bank dedicated to providing corporate finance, strategic advisory and related services to public and private companies across multiple sectors and regions. H.C. Wainwright & Co. also provides research and sales and trading services to institutional investors.
About The Coretec Group
The Coretec Group, Inc. is developing a portfolio of engineered silicon to improve energy-focused verticals, including electric vehicle and consumer batteries, solid-state lighting (LEDs), and semiconductors, as well as 3D volumetric displays and printable electronics. The Coretec Group serves the global technology markets in energy, electronics, semiconductor, solar, health, environment, and security.
For more information, please visit www.thecoretecgroup.com and follow The Coretec Group on Twitter and LinkedIn.
Forward-Looking Statements
The statements in this press release that relate to The Coretec Group’s expectations with regard to the future impact on the Company’s results from operations are forward-looking statements, and may involve risks and uncertainties, some of which are beyond our control. Such risks and uncertainties are described in greater detail in our filings with the U.S. Securities and Exchange Commission. Since the information in this press release may contain statements that involve risk and uncertainties and are subject to change at any time, the Company’s actual results may differ materially from expected results. We make no commitment to disclose any subsequent revisions to forward-looking statements. This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity.
Corporate contact:
The Coretec Group, Inc.
Lindsay McCarthy
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+1 (866) 916-0833
Media contact:
The Coretec Group, Inc.
Allison L. Gabrys
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+1 (866) 916-0833
DALLAS--(BUSINESS WIRE)--Flowserve Corporation, (NYSE: FLS) ("Flowserve" or the "Company"), a leading provider of flow control products and services for the global infrastructure markets, today announced the pricing of a public offering of $500 million of its 2.800% senior notes due 2032. The offering is expected to close on September 23, 2021, subject to customary conditions.
The notes will be general senior unsecured obligations of the Company and will rank equally in right of payment with the Company's existing and future senior unsecured indebtedness. Interest will be paid semi-annually on January 15 and July 15 of each year, beginning on January 15, 2022. The Company intends to use the net proceeds from the sale of the notes to fund the redemption of its 3.500% Senior Notes due September 2022 and its 4.000% Senior Notes due November 2023.
BofA Securities, Inc., J.P. Morgan Securities LLC and Mizuho Securities USA LLC are acting as the joint book-running managers for the offering. Copies of the prospectus supplement and accompanying base prospectus for the offering may be obtained by contacting: BofA Securities, Inc. at 200 North College Street, 3rd Floor, Charlotte, NC 28255, Attn: Prospectus Department, Email: This email address is being protected from spambots. You need JavaScript enabled to view it., Toll-Free: 1-800-294-1322; J.P. Morgan Securities LLC at: 383 Madison Avenue, New York, NY 10179, Attn: Investment Grade Syndicate Desk-3rd Floor or by calling collect at (212) 834-4533; or Mizuho Securities USA LLC at: 1271 Avenue of the Americas, New York, NY 10020, Attn: Debt Capital Markets or by calling (866) 271-7403. An electronic copy of the prospectus supplement and accompanying base prospectus for the offering may also be obtained at www.sec.gov.
The notes were offered and will be sold pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission, and only by means of a prospectus supplement and accompanying base prospectus. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Flowserve: Flowserve Corp. is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about the Company can be obtained by visiting the company’s website at www.flowserve.com.
Safe Harbor Statement: This news release includes 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, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as, "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.
The forward-looking statements included in this news release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the following: the impact of the global outbreak of COVID-19 on our business and operations; a portion of our bookings may not lead to completed sales, and our ability to convert bookings into revenues at acceptable profit margins; changes in global economic conditions and the potential for unexpected cancellations or delays of customer orders in our reported backlog; our dependence on our customers’ ability to make required capital investment and maintenance expenditures; if we are not able to successfully execute and realize the expected financial benefits from our strategic transformation and realignment initiatives, our business could be adversely affected; risks associated with cost overruns on fixed-fee projects and in taking customer orders for large complex custom engineered products; the substantial dependence of our sales on the success of the oil and gas, chemical, power generation and water management industries; the adverse impact of volatile raw materials prices on our products and operating margins; economic, political and other risks associated with our international operations, including military actions, trade embargoes, epidemics or pandemics or changes to tariffs or trade agreements that could affect customer markets, particularly North African, Russian and Middle Eastern markets and global oil and gas producers, and non-compliance with U.S. export/re-export control, foreign corrupt practice laws, economic sanctions and import laws and regulations; increased aging and slower collection of receivables, particularly in Latin America and other emerging markets; our exposure to fluctuations in foreign currency exchange rates, including in hyperinflationary countries such as Venezuela and Argentina; our furnishing of products and services to nuclear power plant facilities and other critical processes; potential adverse consequences resulting from litigation to which we are a party, such as litigation involving asbestos-containing material claims; expectations regarding acquisitions and the integration of acquired businesses; our relative geographical profitability and its impact on our utilization of deferred tax assets, including foreign tax credits; the potential adverse impact of an impairment in the carrying value of goodwill or other intangible assets; our dependence upon third-party suppliers whose failure to perform timely could adversely affect our business operations; the highly competitive nature of the markets in which we operate; environmental compliance costs and liabilities; potential work stoppages and other labor matters; access to public and private sources of debt financing; our inability to protect our intellectual property in the U.S., as well as in foreign countries; obligations under our defined benefit pension plans; our internal control over financial reporting may not prevent or detect misstatements because of its inherent limitations, including the possibility of human error, the circumvention or overriding of controls, or fraud; the recording of increased deferred tax asset valuation allowances in the future or the impact of tax law changes on such deferred tax assets could affect our operating results; our information technology infrastructure could be subject to service interruptions, data corruption, cyber-based attacks or network security breaches, which could disrupt our business operations and result in the loss of critical and confidential information; ineffective internal controls could impact the accuracy and timely reporting of our business and financial results; and other factors described from time to time in our filings with the Securities and Exchange Commission.
All forward-looking statements included in this news release are based on information available to us on the date hereof, and we assume no obligation to update any forward-looking statement.
Investor Contacts:
Jay Roueche, Vice President, Investor Relations & Treasurer, (972) 443-6560
Mike Mullin, Director, Investor Relations, (972) 443-6636
Media Contact:
Lars Rosene, Vice President, Corporate Communications & Public Affairs, (972) 443-6644
Longevity’s US operations are spearheaded by rapidly growing teams in Austin, New York and San Francisco
AUSTIN, Texas--(BUSINESS WIRE)--Longevity Partners, the global, multi-disciplinary energy and sustainability consultancy, today announces the appointment of its new global Chief Commercial Officer, Louise Ellison and the expansion of its Business Development team, in a move to meet increased client demand as businesses transition to a low carbon economy.
Chair of the Better Buildings Partnership for eight years, chair of the EPRA Sustainability Committee and following previous roles at Hammerson, Quintain and Investment Property Forum, Louise is a beacon in the world of sustainability and will be paramount to Longevity Partners’ continued expansion. Louise’s appointment exemplifies Longevity Partners’ ongoing commitment to provide their clients with an industry-leading service.
Commenting on the company’s growth and Louise’s appointment, Etienne Cadestin, founder and CEO of Longevity Partners says:
“Louise’s appointment comes at a crucial time for the property industry which still has a long way to go to meet its net-zero targets. I very much look forward to working alongside Louise, who will be able to develop bespoke programmes for our partners to achieve their current and future ESG and climate goals. As a member of the executive team, she will remain on the board of Longevity Partners and will provide invaluable insight.
“As society and business continue to transition to a low carbon economy, Longevity Partners will keep creating green jobs and attracting the most talented ESG professionals to respond to our growing client requirements. We have the expertise and instruments to educate, advise and implement net zero carbon programmes and we’re crafting the manpower to deliver it on the ground at scale.”
Commenting on her new role at Longevity Partners, Louise Ellison, newly appointed CCO of Longevity Partners says:
“I am delighted to be joining Longevity Partners in October. Having seen the business grow so rapidly, I am very much looking forward to working with the team and supporting the sustainability ambitions of such a rich array of interesting clients. There is much our sector can contribute in the battle against climate change and I am excited to be part of a business driving this change.”
In the last 18 months, Longevity Partners has quadrupled its workforce, with plans to double its 98 strong employee roster globally over the next year. Longevity entered the US market late last year, where the firm is focused on delivering multiple building certifications for in-use and new construction assets that are highly likely to achieve 'excellent' scores. With headquarters in Austin, Texas and satellite offices in New York and San Francisco, the firm is poised to deploy its full suite of services for asset managers across the country. Service lines run the gamut in the transition to net zero from carbon footprinting to portfolio asset management to data management and reporting and electric vehicle feasibility studies.
In June of this year, Longevity Partners announced the launch of its new clean energy solutions spin-off company, Longevity Power, which works in tandem with the company to offer a ‘one-stop-shop’ to advise and then deliver net zero carbon commitments to businesses.
For more information about Longevity Partners, please visit www.longevity.com.
About Longevity Partners
Operating in 38 countries for more than 100 institutional investors across all asset classes, Longevity Partners provides all services required to future-proof property investment portfolios. From carbon foot-printing to climate risk and ESG strategy development and implementation, our experts provide all the tools to respond to ESG performance requirements from pension funds and asset owners. Longevity works hand-in-hand with real estate owners to position their assets for the demands of tomorrow, while improving the well-being of users and net operating income today
The company advises on anticipated legislation and designates achievable benchmarks for companies to improve ESG and outperform their competitors. Asset managers must be aware of how they can optimise their assets’ resiliency to extreme weather events, better manage regulatory risks and improve the quality of their products over time to respond to client demand.
For further information, please visit www.longevity.com.
Victoria Shannon
August PR
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631.525.3394
DUBLIN--(BUSINESS WIRE)--The "US DoD Ground- and Maritime-based Radar Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.
This report focuses only on US Department of Defense (DoD) ground- and maritime-based radars. Representative programs, contracts, and market participants are included to form an overview picture of DoD spending on this technology.
An analysis of research, development, test, and evaluation (RDT&E); procurement; operations and maintenance (O&M); and a variety of services is included, along with contract activity for the 2020 calendar year. Spending consists of Army, Navy/Marine Corps, Air Force/Space Force, and Joint Service plans.
The base year for financial spending is 2020, and the market forecast is from 2021 to 2026. Ground- and maritime-based radar spending for the fiscal year 2022 DoD budget request is the foundation of this research. The 2022 DoD request is the first budget submission by the Biden administration and may encounter opposition from both sides of the political aisle.
The new research outlines the defense departments, agencies, and industry partners that offer the best opportunities for companies that want to participate in the market.
The research includes market trends and future concepts that shed light on some spending numbers and the importance of participating in certain projects and programs.
It assists in understanding the government's focus and the services it will likely require. Insights are provided on current and anticipated program spending and industry leaders, which will help firms identify growth opportunities and formulate go-to-market strategies.
Key Topics Covered:
1. Strategic Imperatives
2. What You Need To Know First
3. Growth Opportunity Analysis
4. Growth Opportunity Analysis: Programs and Contracts
5. Growth Opportunity Universe
6. Conclusions
7. Next Steps
For more information about this report visit https://www.researchandmarkets.com/r/omdsfo
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Brookville Smart Energy Bus Depot supports the sustainability, electrification, and climate resilience goals of Montgomery County, Maryland
SILVER SPRING, Md.--(BUSINESS WIRE)--AlphaStruxure, a leader in Energy as a Service (EaaS) solutions, today announced it will begin construction on the Brookville Smart Energy Bus Depot, an integrated microgrid and electric bus charging infrastructure project in Montgomery County, Maryland. The Brookville Smart Energy Bus Depot will be built and operational by mid 2022, supporting 44 electric buses within Ride On Montgomery County’s public transit fleet by 2023.
Montgomery County leveraged its progressive energy purchasing regulations to create a public-private partnership with AlphaStruxure, which was announced in May 2021. AlphaStruxure, a joint venture of Schneider Electric and the Carlyle Global Infrastructure Opportunity Fund, will design, build, finance, own and operate the project, providing a holistic solution for large-scale fleet electrification. The microgrid and charging infrastructure will be delivered at no upfront cost to the County through an EaaS contract, a long-term agreement ensuring predictable operating expenses and guaranteed performance for sustainability, resilience, and reliability.
“Decarbonizing the transportation sector is critical to mitigating climate change, making fleet electrification an utmost priority for local governments and transit agencies. But the transition to zero-emission fleets is not without its challenges,” said Juan Macias, CEO of AlphaStruxure. “With AlphaStruxure, fleet owners and operators have a trusted partner in realizing their electrification, sustainability and resilience goals with The Carlyle Group's comprehensive financial capabilities and Schneider Electric's leading distributed energy and digital automation technology.”
Montgomery County is committed to sustainability leadership and improving resilience to climate change, after experiencing extreme weather events and extended power outages in the recent past. Statewide, Maryland is working towards a 50 percent zero-emission bus fleet by 2030. The Brookville Smart Energy Bus Depot is aligned with the County’s priorities to reduce emissions from public transportation while enhancing the resilience of the community and infrastructure assets.
“The Brookville Smart Energy Bus Depot project falls in line with our ambitious climate action plan to reduce all carbon emissions by 2035,” said County Executive Marc Elrich. “This bus depot is one component of many County projects that is making a difference for our environment such as converting our fleets to electric and reducing harmful emissions. This infrastructure project will improve the County’s resilience and we are proud to be at the forefront amongst local governments when it comes to projects like this.”
The 5.6 MW microgrid includes distributed energy generation, energy storage and over 2 MW of charging capacity. AlphaStruxure will implement a strategy to transition the onsite gas generation to carbon neutral sources in the near future, allowing the microgrid to run on 100 percent renewable energy in alignment with the County’s goal to reach net-zero emissions by 2035. Transitioning 44 buses from diesel to electric, powered by on-site clean energy microgrid, will reduce lifetime emissions by 62 percent, equivalent to 155,000 tons of greenhouse gases.
The Brookville Smart Energy Bus Depot improves the County’s climate resilience, ensuring uninterrupted transit bus services during emergencies, even in the event of multi-day utility grid outages. The microgrid’s lithium-ion battery system will also participate in a Demand Response program with Potomac Electric Power Company (Pepco), which will support regional grid performance and optimization for greater energy resilience overall.
The Depot will ensure a ready supply of sustainable, resilient and cost-effective power for Montgomery County’s new electric bus fleet. By charging from its own power supply, the County will avoid utility demand charges and won’t have to set bus charging schedules around the utility’s time-of-use rates. The project ensures operational flexibility, providing the County with full control over dispatch and bus routing.
With the Biden administration’s investments in zero-emission transport and aggressive goal to slash GHG emissions 50% below 2005 levels by 2030, the Brookville Smart Energy Bus Depot provides a national model for municipalities and private fleet owners to efficiently deploy the charging infrastructure and distributed energy resources that this transition requires.
Beyond microgrid fleet electrification projects, AlphaStruxure partners with energy-intensive and energy-sensitive clients spanning commercial, industrial, government, and critical infrastructure sectors to deliver custom EaaS solutions. Delivering specified outcomes for sustainability, resilience, reliability, and cost-predictability, AlphaStruxure’s EaaS microgrid solutions often integrate additional energy-related technologies including electrical and mechanical upgrades, electrification technologies, charging infrastructure and other advanced systems.
About AlphaStruxure
AlphaStruxure delivers customized Energy as a Service solutions that transform sustainability, resilience and reliability into a strategic advantage. Serving energy-intensive private and public sector organizations, AlphaStruxure brings together technical, financial and contractual innovation to meet customers’ current and future energy needs without capital expenditure. AlphaStruxure’s mission is to be the trusted partner in energy transformation, combining Schneider Electric’s industry-leading smart energy management and automation technologies with The Carlyle Group’s comprehensive structuring and financing capabilities. For more information, visit www.AlphaStruxure.com
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Investment Solutions. With $246 billion of assets under management as of December 31, 2020, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. The Carlyle Group employs 1,825 people in 29 offices across five continents. Further information is available at www.carlyle.com. Follow The Carlyle Group on Twitter @OneCarlyle.
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On. Our mission is to be your digital partner for Sustainability and Efficiency. We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries. We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values. www.se.com.
Antenna Group for AlphaStruxure
Annika Harper
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Montgomery County
Monika Hammer
240-463-2442
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The Carlyle Group
Brittany Berliner
+1 (212) 813-4839
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NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE”) announced today that it has executed definitive commercial terms with a subsidiary of Norsk Hydro ASA (“Hydro”) to supply natural gas to the Alunorte Alumina Refinery in Pará, Brazil for a term of 15 years.
“We are excited to partner with Hydro to transition the Alunorte refinery to a cleaner fuel and to support Hydro’s global sustainability and environmental commitment,” said Wes Edens, Chairman and CEO of New Fortress Energy. “This is a great example of how our LNG terminals can accelerate the energy transition in Brazil.”
Hydro is converting the calcination process and part of the steam generation at the Alunorte Alumina Refinery from fuel oil to natural gas. This initiative is part of Hydro's climate strategy and its global commitment to reduce its greenhouse gas emissions by 30% by 2030. The fuel switch will reduce the refinery’s annual CO2 emissions by 600,000 tonnes.
“Alunorte is among the most energy efficient alumina refineries in the world. The fuel switch to LNG is another step to improve our operations, driving sustainability and industry best practices to lower environmental impact,” said John Thuestad, Executive Vice President for Hydro’s Bauxite & Alumina business area.
NFE expects to supply Hydro with 29.5 TBtu of natural gas annually (equivalent to approximately 1 million gallons of LNG per day) to the refinery from NFE’s Barcarena LNG receiving and regasification terminal located in the state of Pará, Brazil.
The availability of natural gas is important for the industrial development in the Pará region and enables the replacement of more carbon-intensive fuels to reduce environmental impact. The Alunorte refinery will be an important gas consumer in Pará and therefore an enabler for establishing LNG supply in the Pará state.
“Access to LNG will enable a more sustainable operation for Hydro and also give access to natural gas for other industries and consumers in the state of Pará. This is part of our commitment to support local development,” said Thuestad.
NFE’s Barcarena terminal is anticipated to be completed and ready to supply natural gas in early Q1 of 2022 and the Alunorte refinery is expected to complete the conversion to natural gas by Q1 of 2023.
The agreement is subject to the execution of definitive agreements, final build decision, and approval by Hydro.
About New Fortress Energy
New Fortress Energy is a global energy infrastructure company founded to help accelerate the world’s transition to clean energy. The company funds, builds and operates natural gas infrastructure and logistics to rapidly deliver fully integrated, turnkey energy solutions that enable economic growth, enhance environmental stewardship and transform local industries and communities.
Cautionary Language Regarding Forward-Looking Statements
This communication contains forward-looking statements. All statements contained in this communication other than historical information are forward-looking statements that involve known and unknown risks and relate to future events, our future financial performance or our projected business results. You can identify these forward-looking statements by the use of forward-looking words such as “expects,” “may,” “will,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” or the negative version of those words or other comparable words. Forward looking statements include: the supply of natural gas to the refinery including the location from where we will supply and the expected annual quantities and delivery dates; the date we anticipate the terminal to be completed and ready to supply natural gas; the date the refinery is expected to complete the conversion to natural gas; the expected impact on Brazil’s energy market and on the refinery’s annual emissions; and the refinery will be an important gas consumer and an enabler for establishing LNG supply in the Pará state.
These forward-looking statements represent the Company’s expectations or beliefs concerning future events, 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 the Company’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to: risks related to the approval and execution of a definitive sales and purchase agreement; the development, construction or commissioning schedule of our LNG terminal or the conversion of the refinery may be longer than we expect; the funding of the project may not be possible on the terms we expect; we will be unable to operationalize our plans for the rights and key permits to develop the terminal; and that we will not be able to provide natural gas to customers as we currently expect. These factors are not necessarily all of the important factors that could cause actual results to differ materially from those expressed in any of NFE’s forward-looking statements. Other known or unpredictable factors could also have material adverse effects on future results.
Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, the Company 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 the Company 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 annual report, quarterly and other reports filed with the SEC, which could cause its actual results to differ materially from those contained in any forward-looking statement. We undertake no duty to update these forward-looking statements, even though our situation may change in the future.
IR:
Joshua Kane
(516) 268-7455
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Jake Suski
(516) 268-7403
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DUBLIN--(BUSINESS WIRE)--The "Ship and Boat Building and Repairing Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
The global ship and boat building and repairing market is expected to grow from $219. 23 billion in 2020 to $234. 41 billion in 2021 at a compound annual growth rate (CAGR) of 6. 9%. The market is expected to reach $282. 75 billion in 2025 at a CAGR of 5%
Major companies in the ship and boat building and repairing market include Daewoo Shipbuilding & Marine Engineering Co Ltd; Hyundai Heavy Industries; Mitsubishi Heavy Industries; Samsung Heavy Industries and General Dynamics.
The ship and boat building and repairing market consists of sales of ships and boats and ship and boat building and repairing services and related services by entities (organizations, sole traders and partnerships) that operate shipyards. Shipyards are fixed facilities with drydocks and fabrication equipment capable of building a ship, defined as watercraft typically suitable or intended for other than personal or recreational use.
The activities of shipyards include the construction of ships, their repair, conversion and alteration, the production of prefabricated ship and barge sections, and specialized services, such as ship scaling. The ship and boat building and repairing market is segmented into ship building and repairing and boat building and repairing.
Asia Pacific was the largest region in the global ship and boat building and repairing market, accounting for 49% of the market in 2020. North America was the second largest region accounting for 21% of the global ship and boat building and repairing market. Africa was the smallest region in the global ship and boat building and repairing market.
Shipbuilding companies around the world are increasingly using green shipbuilding technologies to comply with environmental rules and regulations. Technologies being used for shipbuilding include ships with no ballast systems that block organisms entering the ship and eliminate the need for sterilization equipment, sulphur scrubber systems, waste heat recovery systems, speed nozzles, exhaust gas recirculation systems, advanced rudder and propeller systems, fuel and solar cell propulsion systems and use of LNG fuels for propulsion and auxiliary engines. Ships built using these technologies have significant energy savings and low carbon emissions.
For instance, Peace Boat, a Japanese non-profit NGO has entered into an agreement with a Finnish shipbuilding company Arctech Helsinki Shipyard for the construction of Ecoship, the world's greenest cruise vessel. Dean Shipyards Group is also coordinating a green LeanShips project aimed at creating less polluting vessels.
Transportation manufacturers depend heavily on supply of parts and components from different countries across the globe. As many governments restricted the movement of goods across countries, manufacturers had to halt production due to lack of parts and components.
Also, sales of new automobiles decreased significantly due to decline in consumer demand as many countries impose lockdowns. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the ship and boat building and repairing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. ?
Economic Growth in Emerging Markets-The ship and boat building and repairing market is aided by stable economic growth forecasted in many developed and developing countries. The International Monetary Fund (IMF) predicts that the global GDP growth will be 3. 3% in 2020 and 3. 4% in 2021. Recovering commodity prices, after a significant decline in the historic period is further expected to aid the market growth.
Developed economies are also expected to register stable growth during the forecast period. Additionally, emerging markets are expected to continue to grow slightly faster than the developed markets in the forecast period. Stable economic growth is expected to increase investments in the end user markets, thereby driving the market during forecast period.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Ship and Boat Building and Repairing Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Ship and Boat Building and Repairing Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Ship and Boat Building and Repairing Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Ship and Boat Building and Repairing Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Ship and Boat Building and Repairing Market Trends and Strategies
8. Impact of COVID-19 on Ship and Boat Building and Repairing
9. Ship and Boat Building and Repairing Market Size and Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers of the Market
9.2.2. Restraints on the Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers of the Market
9.3.2. Restraints on the Market
10. Ship and Boat Building and Repairing Market Regional Analysis
10.1. Global Ship and Boat Building and Repairing Market, 2020, by Region, Value ($ Billion)
10.2. Global Ship and Boat Building and Repairing Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region
10.3. Global Ship and Boat Building and Repairing Market, Growth and Market Share Comparison, by Region
11. Ship and Boat Building and Repairing Market Segmentation
11.1. Global Ship and Boat Building and Repairing Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
12. Ship and Boat Building and Repairing Market Segments
12.1. Global Ship Building and Repairing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Ship Building; Ship Repairing
12.2. Global Boat Building and Repairing Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Boat Building; Boat Repairing
13. Ship and Boat Building and Repairing Market Metrics
13.1. Ship and Boat Building and Repairing Market Size, Percentage of GDP, 2015-2025, Global
13.2. Per Capita Average Ship and Boat Building and Repairing Market Expenditure, 2015-2025, Global
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/lci4o2
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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SAN RAMON, Calif. & SARASOTA SPRINGS, N.Y. & HOUSTON--(BUSINESS WIRE)--Chevron U.S.A. Inc., a subsidiary of Chevron Corporation (NYSE: CVX), announced today the signing of definitive agreements to form a joint venture with Mercuria Energy Trading (Mercuria), one of the world’s largest integrated energy and commodities companies, to own and operate American Natural Gas LLC (ANG) and its network of 60 compressed natural gas (CNG) stations across the United States.
Chevron is building a large-scale, vertically integrated renewable natural gas business in the United States. Through its partnerships with Brightmark and California Bioenergy, Chevron is developing projects to produce renewable natural gas from dairy digesters across the country. The creation of this joint venture will allow Chevron to rapidly grow its renewable natural gas value chain, complementing its previously announced plan to open more than 30 Chevron-branded CNG stations by 2025.
“Chevron is committed to producing a tenfold increase in renewable natural gas volumes by 2025 compared to 2020 as part of our higher returns, lower carbon strategy,” said Andy Walz, Chevron’s president of Americas Fuels & Lubricants. “This acquisition will advance our renewable natural gas business in support of customers who want to reduce their carbon footprint.”
“Mercuria is pleased to partner with Chevron and ANG founder Andrew West in growing ANG’s fueling network and continuing to provide a best-in-class decarbonization solution to the medium- and heavy-duty vehicle market,” said Chief Investment Officer Brian A. Falik. “Chevron’s excellent reputation of customer service, and their like-minded commitment to investment in the energy transition, make them the perfect partner to expand the ANG footprint.”
The transaction is 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 Mercuria
Founded in 2004, Mercuria is one of the largest independent energy and commodity groups in the world. As an integrated group, Mercuria is present all along the commodity value chain with activities forming a balanced combination of trading flows, strategic assets and structuring solutions. With more than USD 100 billion in turnover, Mercuria has become one of the most active players in the energy and renewables markets. Over the next five years, the company will direct half of its investment towards the energy transition. For more information, visit www.mercuria.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.
Tyler Kruzich, Chevron External Affairs
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t. (925) 549-8686
Matthew Lauer, Mercuria
Communications
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Program pays homeowners to participate in Swell’s Distributed Power Plant while accelerating the state’s move to 100% renewable energy
HONOLULU--(BUSINESS WIRE)--Swell Energy Inc. is now enrolling 6,000 O‘ahu, Hawai‘i Island, and Maui solar and energy storage customers in its Home Battery Rewards program with Hawaiian Electric, offering significant incentives for existing and new energy storage systems powered by rooftop solar.
Incentive payments are based on system characteristics and the fixed monthly payment will apply to the customer’s monthly electric bill. If the incentive exceeds a customer’s minimum bill, participants will receive a check from Hawaiian Electric each month. For example, customers with between 1-3 Tesla Powerwalls can earn between $1,500-$11,700 over the life of the five-year program. There is no limit to the number of batteries a customer can enroll.
The program, approved by the Public Utilities Commission, will provide a total of 80 megawatts (MW) of grid services supplied from storage among all participants, which is equivalent to approximately 4,000 residential systems on O‘ahu, 1,500 systems on Hawai‘i Island and 500 systems on Maui. Enrollment is on a first-come basis on each island and customers start receiving value from the program soon after they enroll.
“Existing and new solar-plus-storage customers can now get more value from their home energy system with advanced grid service programs like Home Battery Rewards,” said Yoh Kawanami, Director-Customer Energy Resources Operations at Hawaiian Electric. “We are at a turning point in Hawaii for advancing the capabilities of all residential solar and batteries already deployed and being installed in the future. By harnessing the collective power in our homes, we enable a more affordable and resilient Hawaii that also helps us meet our 100% renewable energy goals by 2045 or sooner,” he said.
In conjunction with homeowners in the Home Battery Rewards program, Swell Energy aggregates participating batteries to perform grid services such as:
In the event of a power outage, home batteries enrolled in the program only provide electricity to the customer’s home and the homeowner is in full control of their solar energy and battery. By offering clean, dispatchable and distributed energy resources, Hawaiian Electric expects the Home Battery Rewards program to help the state of Hawaii reach its renewable energy goals and is encouraging customers to apply today.
“Swell’s Home Battery Rewards program with Hawaiian Electric unlocks the potential for home batteries to bolster the local grid in Hawaii and bring even more renewable energy onto the islands. The program is available to a broad set of residential customers, including those who already have an eligible battery system, as well as those seeking to install a new system,” said Suleman Khan, CEO of Swell Energy. “Swell is launching the first phase of this program in partnership with RevoluSun on O‘ahu and Rising Sun Solar on Maui and Hawai‘i Island. We look forward to expanding our local network of Home Battery Rewards partners soon in an effort to make this program accessible to as many homes in Hawaii as possible.”
Customers can opt-out of the Home Battery Rewards program at any time. There is no penalty and customers will not be required to repay any funds received while in the program.
To sign up, visit: https://swellenergy.com/hi/.
About Swell Energy Inc.
Swell Energy is an energy and smart grid solutions provider that is uniting property owners, businesses, industry partners and utilities behind the shared goal of achieving reliable, cost-effective, clean and flexible energy. Swell Energy delivers simple and secure energy solutions and sophisticated grid service programs that are customizable to serve the needs of these diverse stakeholders. Swell Energy provides electricity consumers with financing and educational resources, and installs solar-powered battery systems with its regional partners using top technologies. This approach creates a critical mass of dynamic, clean energy resources for a virtual smart grid that delivers grid-balancing services within utility markets across the United States. Learn more at www.swellenergy.com.
Press
Tiffany Foyle
Pang Communications for Swell Energy
808.292.0867
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HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") today announced that interim President and Chief Executive Officer Anton Dibowitz will present at the Pareto Securities Energy virtual conference on Wednesday, September 15, 2021, beginning at 8:50 a.m. CDT (9:50 a.m. EDT and 3:50 p.m CET). Investor materials to be used during the conference will be available on Valaris’ website at www.valaris.com. A recording of the presentation will be available in the "Investors – Events & Presentations" section of the Company’s website www.valaris.com on Thursday, September 16, 2021 for 30 days.
About Valaris
Valaris Limited (NYSE: VAL) is the industry leader in offshore drilling services across all water depths and geographies. Operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups, Valaris has experience operating in nearly every major offshore basin. Valaris maintains an unwavering commitment to safety, operational excellence, and customer satisfaction, with a focus on technology and innovation. Valaris Limited is a Bermuda exempted company (Bermuda No. 56245). To learn more, visit our website at www.valaris.com.
Investor & Media Contacts:
Tim Richardson
Director - Investor Relations
+1-713-979-4619
FRAMINGHAM, Mass.--(BUSINESS WIRE)--#cleanenergy--Ameresco, Inc. (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced that members of its management team will attend the following investor conferences:
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and the United Kingdom. Ameresco’s sustainability services in support of clients’ pursuit of Net Zero include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.
Media:
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Lynn Morgen, AdvisIRy Partners, 212.750.5800, This email address is being protected from spambots. You need JavaScript enabled to view it.
LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (“FF”) (NASDAQ: FFIE), a California-based global shared intelligent mobility ecosystem company, today announced that the annual 919 Futurist Day will be an all-day co-creation festival at the FF HQ in Los Angeles, Calif. on September 19th. Participants at the event consist of FF employees and their friends and family members, charity project participants, investors, media, paid reservation holders, and potential users who actively participate in FF co-creation projects.
“We’re incredibly excited to be hosting this annual FF event where all the participants will be able to experience the FF culture, co-creation projects, and the FF 91,” said Global CEO Carsten Breitfeld. “From cars, technology, and user-focused activities to FF 91 delivery related updates throughout the day, this 919 day is an exciting annual event for our company.”
FF Futurist value chain co-creation and sharing is the core concept of FF user operations. Through deep participation in FF's entire value chain business including product design, research, development, manufacturing, supply chain, marketing communication, sales, service and operation, users create value and share value together with FF.
FF offers an unparalleled experience through an interactive exchange between users and the FF products. The 919 event brings that idea to life, with activities from Cars & Coffee to letting kids co-create with FF’s top designers and engineers. The FF executive team will update 919 visitors on the latest developments at FF, especially highlighting positive progress on the FF 91 production and delivery targets.
FF is also partnering with the non-profit organization The Purist Group to support a joint FF Toy Drive which benefits underprivileged and less fortunate children and families in Southern California communities and gives kids an early Christmas. 919 participants are encouraged to bring an unwrapped toy to the 919-event valued at $25 or more. All items will be donated to local charities through The Purist Group. As a global company born and rooted in Southern California, Faraday Future and The Purist Group are united in supporting the local communities and families.
Faraday Future’s recent SPAC transaction through which the company’s shares were listed on NASDAQ (ticker symbol: FFIE) raised capital to finance the release of the company’s ultimate intelligent techluxury flagship vehicle, the FF 91. The FF 91 Futurist Alliance Edition and FF 91 Futurist models represent the next generation of intelligent techluxury EVs. They are high-performance EVs, all-in-one all ability cars, and ultimate robotic vehicles that allow users to experience the third internet living space. The models also encompass extreme technology, an ultimate user experience and a complete ecosystem.
Both models have an industry-leading 1050 horsepower, a 130kWh battery pack with immersive liquid cooling technology and 0-60 mph performance in 2.4 seconds. In addition, both employ tri-motor torque vectoring and rear wheels independently driven and controlled by dual rear motors. Both models are also equipped with the industry's only super access point for internet connection at “light speed”, video streaming on the passenger information display, a rear intelligent internet system, an in-car video conferencing system, intelligent seamless entry, FFID face recognition, multi-touch eyes-free control, and zero gravity rear seats with the industry’s largest seating angle of 150 degrees.
Users can reserve an FF 91 Futurist model now via the FF intelligent APP or FF.com at: https://www.ff.com/us/reserve.
Download the new FF intelligent APP at: https://apps.apple.com/us/app/id1454187098 or https://play.google.com/store/apps/details?id=com.faradayfuture.online.
ABOUT FARADAY FUTURE
Established in May 2014, FF is a global shared intelligent mobility ecosystem company, headquartered in Los Angeles, California. Since its inception, FF has implemented numerous innovations relating to its products, technology, business model, profit model, user ecosystem, and governance structure. On July 22, 2021, FF was listed on NASDAQ with the new company name “Faraday Future Intelligent Electric Inc.”, and the ticker symbols “FFIE” for its Class A common stock and “FFIEW” for its warrants. FF aims to perpetually improve the way people move by creating a forward-thinking mobility ecosystem that integrates clean energy, AI, the Internet and new usership models. With the ultimate intelligent techluxury brand positioning, FF’s first flagship product FF 91 Futurist is equipped with unbeatable product power. It is not just a high-performance EV, an all-ability car, and an ultimate robotic vehicle, but also the third internet living space.
FOLLOW FARADAY FUTURE:
https://www.ff.com/
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NO OFFER OR SOLICITATION
This communication shall neither constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
FORWARD LOOKING STATEMENTS
This press release includes “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside FF’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include: FF’s ability to execute on its plans to develop and market its vehicles and the timing of these development programs; FF’s estimates of the size of the markets for its vehicles; the rate and degree of market acceptance of FF’s vehicles; the success of other competing manufacturers; the performance and security of FF’s vehicles; potential litigation involving FF; the result of future financing efforts and general economic and market conditions impacting demand for FF’s products. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the preliminary registration statement on Form S-1 filed by Faraday Future Intelligent Electric Inc. with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and FF does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
For Faraday Future
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