HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that, on July 7, 2021, the Board of Directors of its general partner declared a distribution on Genesis’ common units and 8.75% Class A Convertible Preferred Units attributable to the quarter ended June 30, 2021. These distributions will be paid on August 13, 2021 to holders of record at the close of business on July 30, 2021.
Each holder of common units will be paid a quarterly cash distribution of $0.15 ($0.60 on an annualized basis) for each common unit held of record. With respect to the preferred units, Genesis will pay a cash distribution of $0.7374 ($2.9496 on an annualized basis) for each preferred unit held of record.
Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis’ operations include offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation and marine transportation. Genesis’ operations are primarily located in the Gulf Coast region of the United States, Wyoming and the Gulf of Mexico.
Genesis Energy, L.P.
Ryan Sims
SVP – Finance and Corporate Development
(713) 860-2521
DUBLIN--(BUSINESS WIRE)--The "Carbon Capture And Storage Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The global carbon capture and storage market is expected to register a CAGR of more than 9% during the forecast period.
Companies Mentioned
Key Market Trends
Oil and Gas Segment to Dominate the Market
North America to Dominate the Market
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Emerging Demand for CO2 Injection Technique for Enhanced Oil Recovery (EOR)
4.1.2 Strict Government Norms towards GHG Emissions
4.2 Restraints
4.2.1 Huge CCS Technologies Implementation Cost
4.2.2 Growth in Shale Investments
4.3 Industry Value-Chain Analysis
4.4 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Technology
5.2 End-user Industry
5.3 Geography
6 COMPETITIVE LANDSCAPE
6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Ranking
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Augmenting Prominence for Bioenergy Carbon Capture and Storage (BECCS)
7.2 Other Opportunities
For more information about this report visit https://www.researchandmarkets.com/r/u1ppx8
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
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Cleantech for Europe presents first-of-its-kind ‘EU Quarterly Cleantech Briefing’; announces six leading cleantech venture capital investors are joining new initiative to build bridges with policy-makers.
BRUSSELS--(BUSINESS WIRE)--Cleantech for Europe, a new initiative created by Cleantech Group, supported by Breakthrough Energy, today presented its first ‘EU Quarterly Cleantech Briefing’. The analysis finds that in the first half of this year more than €7 billion of venture capital was invested in cleantech innovation in the European Union (EU). With six months remaining in 2021, this figure has already beaten the previous annual record for Europe, set just last year at €4.7 billion.
In view of this momentum, Cleantech for Europe will bring together top cleantech leaders from VCs, startups, academia, and civil society to build much-needed bridges with policymakers in Brussels and other European capitals. In a first instance, six leading cleantech venture capital firms, regarded as pioneers in financing innovative low-carbon companies, are joining the initiative. Other communities from start-ups, scale-ups, academia and civil society will join the initiative over time to build a future-oriented, technology-savvy group of cleantech leaders from across the EU.
The six “Cleantech for Europe Leaders” are: Beamline Accelerator (Estonia), btov Industrial Tech Fund (Germany), Inven Capital (Czech Republic), Munich Venture Partners (Germany), Rockstart (Netherlands), and SET Ventures (Netherlands). Combined, these firms have invested in more than 150 innovative low-carbon start-ups and scale-ups, including global leaders such as Sonnen in batteries and Sunfire in hydrogen production. For the first time, these firms are coming together to build a collective voice and convey to policymakers and other stakeholders the importance of investing in the next generation of clean technologies.
Despite the fact that EU cleantech investments are booming compared to previous years, the EU Quarterly Cleantech Briefing notes they may still fall short of what is needed to ensure EU start-ups can scale up across the continent. In the past decade, EU companies seeking to scale have often turned toward Asia or North America for larger markets, more abundant funding and ambitious public policies that accelerate their adoption.
“This analysis illustrates the extraordinary progress of the EU’s cleantech ecosystem – and the mountain of urgent work that lies ahead, particularly around helping build an EU policy framework that prioritizes and supports cleantech innovation.” said Ann Mettler, Vice President Europe at Breakthrough Energy, an organization founded by Bill Gates to support the innovations that will lead the world to net-zero emissions.
The release of the investment tracker and the announcement of the Cleantech for Europe initiative come just days before the EU prepares to unveil its highly anticipated “Fit for 55” package of climate legislation, and as most EU member states are finalizing Covid economic recovery plans that the European Commission has stipulated must include strong climate- and clean energy-related components.
The analysis also found: increasing numbers of late-stage deals; major deals of €300 million or more in industries including batteries, electric mobility, shared mobility and the circular economy; and a sharp uptick in the number of deals in the materials and chemicals sector. Sign up for future quarterly briefings here.
The involvement of top venture capital firms in the Cleantech for Europe initiative underscores how important policy is to the success of cleantech innovation.
“The goal of the new initiative is to place cleantech innovation at the center of EU public policy debates in the coming weeks, months and years,” said Jules Besnainou, director at Cleantech Group, a research and consulting company that is helping organize the new group and author the quarterly briefings. “We want the bloc to capitalize on opportunities to build and expand clean industries, ensure a just transition, and mount a stronger response to a climate crisis which grows more urgent by the day.”
“The regulatory framework is critical for success in cleantech. We see it in hydrogen: strong policy moves result in market uptake.” added Ivo Němejc, Vice Chairman of the Board of Directors, Inven Capital
“It is still very hard for EU cleantech start-ups to scale beyond their national borders. If we want to lead the race to net zero, we need to start building continental champions.” said Martin Kröner, Managing Partner, Munich Venture Partners
“The energy transition is a systemic challenge, but also an opportunity for the EU to lead the world on climate innovation while creating high-quality jobs.” added René Savelsberg, Managing Partner and Co-Founder, SET Ventures
“To reach climate leadership, we must improve the funding cycle for EU cleantech. The time to act is now.” said Christian Reitberger, Partner, btov Industrial Tech Fund
“Our success in Estonia proves that efficient cooperation between policy-makers and cleantech leaders is in fact a must for sustainable innovation development.” added Erki Ani, CEO, Beamline Accelerator
Additional venture capital firms are expected to join the group in the coming months.
Specifically, the Cleantech for Europe initiative calls on the EU to:
In unveiling the investment tracker, Cleantech for Europe also announced that it will hold an inaugural Cleantech for Europe Summit on September 8, featuring key leaders from Europe’s venture capital and policy communities. The Summit will be opened by Pascal Canfin, MEP and Chair of the Committee on the Environment, Public Health and Food Safety at the European Parliament. To participate in the Summit, sign up here.
To set up interviews with European venture capitalists and innovators active in the cleantech space, and policy experts, or to get more of the backstory on how and why the Cleantech for Europe initiative was conceived, please contact Jules Besnainou at This email address is being protected from spambots. You need JavaScript enabled to view it.
About Cleantech for Europe
Cleantech for Europe is an initiative created by Cleantech Group, supported by Breakthrough Energy and leading EU cleantech investors. Our mission is to help the EU lead the race to net zero while creating long-term industrial competitiveness. We aim to put innovation at the center of the public policy debate and build bridges between the EU’s cleantech community and policymakers in Brussels and member states.
Press contact:
Jules Besnainou, This email address is being protected from spambots. You need JavaScript enabled to view it.
Projects to supply renewable energy to Arizona Public Service Company for 20 years
DALLAS--(BUSINESS WIRE)--Leeward Renewable Energy, LLC (Leeward) today announced that it has closed construction financing and secured tax equity commitments for the repowering of Leeward’s 90 megawatt (MW) Aragonne Wind project (Aragonne Repower) and the construction of the new 145 MW Aragonne Mesa Wind project (Aragonne Mesa). Wells Fargo served as coordination lead arranger, administrative agent and collateral agent on the $262 million financing, which included a construction plus five-year term loan, tax equity bridge loan and a letter of credit facility. Santander served as a joint lead arranger.
Under a previously announced power purchase agreement (PPA) with Arizona Public Service Company (APS), the projects, which will use advanced GE wind turbine technology, will provide a combined 200 MW of wind power generation to APS over a 20-year period. The Aragonne Repower and Aragonne Mesa projects, both located in Guadalupe County, New Mexico, will help APS achieve its goal of delivering 100% clean, carbon-free electricity to its customers by 2050.
“We are excited to have completed the financings for our Aragonne projects in partnership with Wells Fargo and Santander – two well-respected leaders in the renewable financial community,” commented Chris Loehr, Chief Financial Officer at Leeward. “We are grateful to Wells Fargo and Santander for their partnership and investment as Leeward continues to modernize and expand our fleet of projects and deliver clean, renewable energy to our customers.”
“Wells Fargo is proud to be a part of the Aragonne projects, which are important projects that help our communities accelerate the transition to a lower carbon economy,” said Alok Garg, head of Renewables and Asset Finance, Corporate & Investment Banking at Wells Fargo. “We value our comprehensive and multi-faceted relationship with Leeward, a company committed to providing long term reliable renewable energy solutions to its customers.”
“We’re pleased to be able to provide multiple funding solutions – including tax equity financing – to meet Leeward’s needs for this substantial wind project expansion and repowering effort,” said Sam Buechner, director for Wells Fargo Renewable Energy & Environmental Finance. “Wells Fargo is committed to helping our customers succeed during this crucial time of change in the energy economy.”
Construction of the Aragonne Repower and Aragonne Mesa projects has already commenced and is expected to be completed by December 2021.
About Leeward Renewable Energy, LLC
Leeward Renewable Energy is a leading renewable energy company that owns and operates a portfolio of 21 renewable energy facilities across nine states totaling approximately 2,000 megawatts of generating capacity. Leeward is actively developing new wind, solar, and energy storage projects in energy markets across the U.S., with 17 gigawatts under development spanning over 100 projects. Leeward is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada’s largest defined benefit pension plans with C$105 billion in net assets (as at December 31, 2020). For more information, visit www.leewardenergy.com.
Kelly Kimberly
Sard Verbinnen & Co.
713.822.7538
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HOUSTON--(BUSINESS WIRE)--Sunnova Energy International Inc. (“Sunnova”) (NYSE: NOVA), a leading U.S. residential solar and energy storage service provider, announced today it will release its second quarter 2021 results after the markets close on July 28, 2021, to be followed by a conference call to discuss the results at 8:30 a.m. Eastern Time on July 29, 2021.
To register for this conference call, please use this link http://www.directeventreg.com/registration/event/5674287. After registering, a confirmation will be sent through email, including dial-in details and unique conference call codes for entry. To ensure you are connected for the full call we suggest registering a day in advance or at a minimum 10 minutes before the start of the call. A replay will be available two hours after the call and can be accessed by dialing 800-585-8367, or for international callers, 416-621-4642. The conference ID for the live call and the replay is 5674287. The replay will be available until August 5, 2021.
Interested investors and other parties may also listen to a simultaneous webcast of the conference call by logging onto the Investor Relations section of Sunnova’s website at www.sunnova.com.
About Sunnova
Sunnova Energy International Inc. (NYSE: NOVA) is a leading residential solar and energy storage service provider with customers across the U.S. states and its territories. Sunnova’s goal is to be the source of clean, affordable and reliable energy with a simple mission: to power energy independence so that homeowners have the freedom to live life uninterrupted®.
For more information, visit www.sunnova.com, follow us on Twitter @Sunnova_Solar and connect with us on Facebook.
Investor & Analyst Contact
Rodney McMahan
Vice President, Investor Relations
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(281) 971-3323
Press & Media Contact
Alina Eprimian
Media Relations Manager
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Company Plans to Achieve 100% Recyclable, Reusable or Compostable Meal Kit Packaging by 2025
NEW YORK--(BUSINESS WIRE)--Blue Apron (NYSE: APRN) today announced a new sustainable packaging goal for its meal kit boxes of 100% recyclable, reusable or compostable by the end of 2025. The company also strives to use 75% post-consumer recycled content, by weight, in its meal kit boxes by the end of 2025.
By establishing these goals, Blue Apron is the first major meal kit company in the United States to announce time-bound targets around packaging goals.
“With these new goals, we are building on our history of sustainability through food waste reduction, packaging improvements, and ingredient standards,” said Linda Findley Kozlowski, Blue Apron’s President and Chief Executive Officer. “We estimate that our meal kit packaging is currently 85% recyclable by weight, and we are the first major meal kit company in the United States to use only drain safe frozen gel packs in all of our boxes. While we’ve made significant progress, we recognize that our next big opportunity is further improvements in packaging across our business.”
Delivering high-quality, responsibly-sourced ingredients while minimizing environmental impact has always been a priority at Blue Apron. The company became the first major meal kit company to join the U.S. Food Loss & Waste 2030 Champions in 2016, and it estimates that it had exceeded its goal of reducing food waste in its fulfilment center operations by 50% between 2017 and 2019. In addition, cooking Blue Apron meal kit recipes could reduce a person’s carbon footprint by an estimated 25%, compared to preparing the same meal from ingredients purchased from a grocery store.* The company is also the only major meal kit company in the United States to have publicly established goals around animal welfare standards.
Setting the new packaging goals is one of the priorities of Blue Apron’s corporate social and environmental impact program, Aprons For All. The company is dedicated to managing the environmental and social impacts of its business to support an ethical, resilient food system. To learn more about Aprons For All, visit blog.blueapron.com/aprons-for-all.
“Carbon offsets are not the sole solution to improving sustainability,” continued Findley Kozlowski. “We are working to reduce the environmental impact of the full production and waste process in our operations to minimize our impact right from the start of the cycle.”
To achieve its new packaging goals for its meal kits, Blue Apron plans to continue to build on its progress by:
Full details of Blue Apron’s packaging commitment can be found at blog.blueapron.com/sustainable-packaging-goals.
*According to a University of Michigan paper published in 2019, which can be found at https://bit.ly/3x5pGjf.
About Blue Apron
Blue Apron’s vision is “better living through better food.” Launched in 2012, Blue Apron offers fresh, chef-designed recipes that empower home cooks to embrace their culinary curiosity and challenge their abilities to see what a difference cooking quality food can make in their lives. Through its mission to spark discovery, connection and joy through cooking, Blue Apron continuously focuses on bringing incredible recipes to its customers, while minimizing its carbon footprint, reducing food waste, and promoting diversity and inclusion.
Forward-Looking Statement
This press release includes statements concerning Blue Apron Holdings, Inc. and its future expectations, plans and prospects that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. For this purpose, any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. In some cases, you can identify forward-looking statements by terms such as "may," "should," "expects," "plans," “forecasts,” "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," or "continue," or the negative of these terms or other similar expressions. Blue Apron has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that it believes may affect its business, financial condition and results of operations. These forward-looking statements speak only as of the date of this press release and are subject to a number of risks, uncertainties and assumptions including, without limitation, the company’s ability to procure sufficient amounts of recyclable, reusable or compostable packaging materials and/or packaging materials made of post-consumer recycled content by weight; any material and adverse impact due to the COVID-19 pandemic or otherwise on the company’s operations or the operations of the company’s current or future packaging suppliers including as a result of insufficient labor, whether as a result of heightened absenteeism or challenges in recruiting and retention or otherwise; its expectations regarding, and the stability of, the company and its packaging suppliers’ supply chain, including potential shortages or interruptions in the supply or delivery of packaging materials; the company’s ability to comply with modified or new laws and regulations applying to its business; and other risks more fully described in the company’s Annual Report on Form 10-K for the year ended December 31, 2020 filed with the SEC on February 23, 2021 and the company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 filed with the SEC on May 6, 2021, and in other filings that the company may make with the SEC in the future. The company assumes no obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise.
Media Contact
Muriel Lussier
Blue Apron
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Investor Contact
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Joseph Jaffoni, Richard Land, James Leahy
JCIR
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LONDON--(BUSINESS WIRE)--Purus Marine, a maritime holding company that owns environmentally-advanced vessels and infrastructure equipment, today announced an agreement to acquire a large offshore wind service operation vessel (“SOV”). The SOV is currently under construction and will deliver directly into a multi-year time charter with a leading European renewable energy company, beginning early 2022. The SOV is a hybrid-electric vessel that offers best-in-class environmental performance and is “zero emissions ready” with future larger battery/charging and fuel cell options. A leading Norwegian ship manager and owner will provide technical and commercial services for the SOV.
“This environmentally-advanced SOV is well aligned with our mission to de-carbonise the maritime industry, not only in achieving reduced carbon emissions today, but also with the potential to operate with zero emissions in the future,” said Julian Proctor, Chief Executive Officer of Purus Marine. “We are proud to provide this critical marine infrastructure equipment to support the generation of offshore renewable energy.”
“We are delighted to have an agreement to acquire our first SOV, marking the first step in achieving Purus Marine’s goal of owning a world-leading fleet of SOVs servicing the offshore wind industry,” said Svein Engh, Senior Advisor and a Board Member of Purus Marine. “This is only the start as Purus Marine expects to make additional acquisitions in offshore wind, as well as other maritime sectors, over the next year.”
About Purus Marine
Purus Marine is a maritime holding company that owns environmentally-advanced vessels and infrastructure equipment, contracted long-term to high quality end-users. The Company serves a wide variety of maritime sectors, including the industrial shipping, short-sea, ferry, offshore wind and environmental remediation sectors. Purus Marine is committed to supporting the maritime industry’s transition to a zero-carbon and sustainable future by owning vessels and infrastructure equipment that reduce carbon emissions and ocean pollution. For more information visit www.purusmarine.com.
Alastair McDonald
Managing Director, Investments
+44 20 7389 1351
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Australian team reselected for another two-year contract.
SAN DIEGO--(BUSINESS WIRE)--Cubic Corporation today announced Cubic Defence Australia has been reselected to deliver contracted civilian simulation support staff in development and delivery of local and distributed simulation-enabled training events for the Royal Australian Navy (RAN).
The two-year contract, valued at approximately AUD $8 million, provides a wide range of simulation planning, technical support, and professional interactors to enhance RAN’s multisite synthetic training events at the Navy Synthetic Warfighting Centre (NSWC).
Since August 2017, Cubic has been embedded in the NSWC organisation using live, virtual and constructive (LVC) simulation technologies, as well as contributing to research and development of future simulation technology. This will enable major and minor fleet units to conduct distributed mission exercises.
“NSWC Cubic continues to foster strong customer relationships at all levels ensuring the team continues to deliver on the Services,” said Miles Macdonald, general manager Cubic Defence Australia.
In addition to its contract with the RAN at NSWC, Cubic contracted support to Fleet Force Generation Directorate (FFGD), located at Fleet Headquarters, Potts Point, NSW. The purpose of FFGD is to enable Fleet Command to deliver the Navy’s warfighting effect by designing, planning and executing exercises necessary to train and deploy a Task Group.
About Cubic Corporation
Cubic is a technology-driven, market-leading provider of integrated solutions that increase situational understanding for transportation, defense C4ISR, and training customers worldwide to decrease urban congestion and improve the militaries’ effectiveness and operational readiness. Our teams innovate to make a positive difference in people’s lives. We simplify their daily journeys. We promote mission success and safety for those who serve their nation.
Media Contact
Cathy Weis
Proposals and Communications Manager
Cubic Defence Australia
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(0429) 197 738
Leading Aviation, Maritime Data and Predictive Analysis Provider Partners With Carahsoft to Support Public Sector Agencies
VIENNA, Va. & RESTON, Va.--(BUSINESS WIRE)--Spire Global, Inc., (“Spire” or “the Company”), a leading global provider of space-based data and analytics, and Carahsoft Technology Corp. (“Carahsoft”), The Trusted Government IT Solutions Provider®, today announced a partnership. Carahsoft will serve as Spire’s Master Government Aggregator® for the Port Solution for Federal, state and local governments by making Spire’s industry-leading Automatic Identification System (AIS) maritime data and Automatic Dependent Surveillance-Broadcast (ADS-B) aircraft tracking data available to the public sector through Carahsoft’s NASA Solutions for Enterprise-Wide Procurement (SEWP) V, Information Technology Enterprise Solutions – Software 2 (ITES-SW2) and OMNIA Partners contracts, as well as Carahsoft’s reseller partners.
“Spire’s comprehensive maritime and aircraft tracking data aims to elevate government missions and help agencies make decisions based on near real-time proprietary data, insights and predictive analytics with global coverage,” said Ed Fakler, Federal Channels Director of Spire. “Our strategic partnership with Carahsoft, one of the most trusted Government IT Solutions Providers, will expand awareness and access to this data for more Government agencies and programs and support relationships with new and existing public sector customers.”
With a large, constantly evolving constellation of nanosatellites, Spire provides worldwide coverage of maritime and aviation activity, including in remote areas, seeking to minimize blind spots and increase safety in navigation. Spire’s industry-leading data sets give public sector organizations access to data for logistics decisions and mission success. Spire and Carahsoft believe that access to these data sets will not only allow government end users to save money and time through operational improvements, but also enable them to monitor suspicious activity across the globe. In addition, Spire’s flexible, clean and enriched AIS data is formatted to meet each organization’s unique needs with scalable, predictive maritime analysis. Similarly, flight tracking and air traffic APIs allow organizations to quickly integrate and query data using tools that fit current workflows.
“With the addition of Spire’s space-to-cloud data and analytics solutions to our portfolio, our joint public sector customers have access to near real-time global coverage to improve safety and efficiency and maintain complete global situational awareness to make data-driven decisions faster,” said Lacey Wean, Manager of Geospatial Solutions at Carahsoft. “We look forward to working with the team at Spire along with our reseller partners to expand Spire’s impact in the public sector and make this crucial information available to keep agencies informed.”
Spire’s software and services are available through Carahsoft’s SEWP V contracts NNG15SC03B and NNG15SC27B, ITES-SW2 Contract W52P1J-20-D-0042, OMNIA Partners contract #R191902, and Carahsoft’s reseller partners. For more information, contact the Spire team at Carahsoft at (703) 673-3570 or This email address is being protected from spambots. You need JavaScript enabled to view it..
About Carahsoft
Carahsoft Technology Corp. is The Trusted Government IT Solutions Provider®, supporting Public Sector organizations across Federal, State and Local Government agencies and Education and Healthcare markets. As the Master Government Aggregator® for our vendor partners, we deliver solutions for Cybersecurity, MultiCloud, DevSecOps, Big Data, Artificial Intelligence, Open Source, Customer Experience and more. Working with resellers, systems integrators and consultants, our sales and marketing teams provide industry leading IT products, services and training through hundreds of contract vehicles. Visit us at our website for more information.
About Spire Global, Inc.
Spire is a global provider of space-based data and analytics that offers unique datasets and powerful insights about Earth from the ultimate vantage point so organizations can make decisions with confidence, accuracy, and speed. Spire uses one of the world’s largest multi-purpose satellite constellations to source hard to acquire, valuable data and enriches it with predictive solutions. Spire then provides this data as a subscription to organizations around the world so they can improve business operations, decrease their environmental footprint, deploy resources for growth and competitive advantage, and mitigate risk. Spire gives commercial and government organizations the competitive advantage they seek to innovate and solve some of the world’s toughest problems with insights from space. Spire has offices in San Francisco, CA, Boulder, CO, Washington DC, Glasgow, Luxembourg, and Singapore. On March 1, 2021 Spire announced plans to go public through an anticipated business combination with NavSight Holdings, Inc. (NYSE: NSH), to be traded on the NYSE under the ticker symbol “SPIR.”
About NavSight Holdings, Inc.
NavSight Holdings, Inc. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. NavSight was organized with the opportunity to pursue a business combination target in any business or industry, with the intent to focus its search on identifying a prospective target business that provides expertise and technology to U.S. government customers in support of their national security, intelligence and defense missions.
Additional Information and Where to Find It
In connection with the planned business combination with Spire (the “Proposed Transaction”), NavSight has filed a Form S-4 Registration Statement (the “Registration Statement”) with the SEC, which includes a preliminary proxy statement to be distributed to holders of NavSight’s common stock in connection with NavSight’s solicitation of proxies for the vote by NavSight’s stockholders with respect to the Proposed Transaction and other matters as described in the Registration Statement, a prospectus relating to the offer of the securities to be issued to the Company’s stockholders in connection with the Proposed Transaction, and an information statement to Company’s stockholders regarding the Proposed Transaction. After the Registration Statement is declared effective, NavSight will mail a definitive proxy statement/prospectus, when available, to its stockholders. Investors and security holders and other interested parties are urged to read the proxy statement/prospectus, any amendments thereto and any other documents filed with the SEC carefully and in their entirety because they will contain important information about NavSight, the Company and the Proposed Transaction. Investors and security holders may obtain free copies of the preliminary proxy statement/prospectus and definitive proxy statement/prospectus (when available) and other documents filed with the SEC by NavSight through the website maintained by the SEC at http://www.sec.gov, or by directing a request to: NavSight Holdings, Inc., 12020 Sunrise Valley Drive, Suite 100, Reston, VA 20191.
Participants in Solicitation
NavSight and the Company and their respective directors and certain of their respective executive officers and other members of management and employees may be considered participants in the solicitation of proxies with respect to the Proposed Transaction. Information about the directors and executive officers of NavSight is set forth in its Form 10-K/A and Form 10-Q filed on May 12, 2021 and May 24, 2021, respectively. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, is included in the Registration Statement and other relevant materials filed with the SEC regarding the Proposed Transaction. Stockholders, potential investors and other interested persons should read the Registration Statement carefully before making any voting or investment decisions. These documents can be obtained free of charge from the sources indicated above.
No Offer or Solicitation
This press release shall not 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 such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.
Forward-Looking Statements
The information in this press release includes “forward-looking statements” within the meaning of the federal securities laws with respect to the Proposed Transaction. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding expectations of accelerating Spire’s sales and marketing efforts, expectations of product development and the applicability of such products to Spire’s market, the strengthening of Spire’s competitive advantage, the importance of Spire’s products and capabilities to Spire’s target markets, the expansion of Spire’s business to new regions and markets, Spire’s future growth, estimates and forecasts of financial and performance metrics, expectations of achieving and maintaining profitability, projections of total addressable markets, market opportunity and market share, net proceeds from the Proposed Transactions, potential benefits of the Proposed Transaction and the potential success of the Company’s market and growth strategies, and expectations related to the terms and timing of the Proposed Transaction. These statements are based on various assumptions and on the current expectations of NavSight’s and the Company’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of NavSight and the Company. These forward-looking statements are subject to a number of risks and uncertainties, including (i) the risk that the Proposed Transaction may not be completed in a timely manner or at all, which may adversely affect the price of NavSight's securities; (ii) the risk that the Proposed Transaction may not be completed by NavSight's business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by NavSight; (iii) the failure to satisfy the conditions to the consummation of the Proposed Transaction, including the approval of the Proposed Transaction by the stockholders of NavSight, the satisfaction of the minimum trust account amount following any redemptions by NavSight's public stockholders and the receipt of certain governmental and regulatory approvals; (iv) the inability to complete the PIPE investment in connection with the Proposed Transaction; (v) the failure to realize the anticipated benefits of the Proposed Transaction; (vi) the effect of the announcement or pendency of the Proposed Transaction on Spire’s business relationships, performance, and business generally; (vii) risks that the Proposed Transaction disrupts current plans of Spire and potential difficulties in Spire employee retention as a result of the Proposed Transaction; (viii) the outcome of any legal proceedings that may be instituted against NavSight or Spire related to the business combination agreement or the Proposed Transaction; (ix) the ability to maintain the listing of NavSight’s securities on the New York Stock Exchange; (x) the ability to address the market opportunity for Space-as-a-Service; (xi) the risk that the Proposed Transaction may not generate expected net proceeds to the combined company; (xii) the ability to implement business plans, forecasts, and other expectations after the completion of the Proposed Transaction, and identify and realize additional opportunities; (xiii) the occurrence of any event, change or other circumstance that could give rise to the termination of the business combination agreement; (xiv) the risk of downturns, new entrants and a changing regulatory landscape in the highly competitive space data analytics industry; and those factors discussed in NavSight’s Form S-4/A filed on June 25, 2021 under the heading “Risk Factors,” and other documents of NavSight filed, or to be filed, with the SEC. If any of these risks materialize or the Company’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither NavSight nor the Company presently know or that NavSight and the Company currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect NavSight’s and the Company’s expectations, plans or forecasts of future events and views as of the date of this press release. NavSight and the Company anticipate that subsequent events and developments will cause NavSight’s and the Company’s assessments to change. However, while NavSight and the Company may elect to update these forward-looking statements at some point in the future, NavSight and the Company specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing NavSight’s and the Company’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
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Hillary Yaffe
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Transformational gift supports future expansion at Arkansas Children’s Northwest
SPRINGDALE, Ark.--(BUSINESS WIRE)--J.B. Hunt Transport Services, Inc., a longtime supporter of Arkansas Children’s, announced a new commitment of $1 million annually for five years to support future expansion at Arkansas Children’s Northwest.
This new commitment of $5 million brings J.B. Hunt’s overall investment in Arkansas Children’s Northwest (ACNW) to $10 million. J.B. Hunt made a $5 million leadership gift in 2016 to support the construction of ACNW, and this additional $5 million investment supports future capital expansion.
"J.B. Hunt is proud to extend our support for Arkansas Children’s as it continues advancing pediatric healthcare in this region," said John Roberts, president and CEO of J.B. Hunt. "The hope that these extremely talented, driven professionals bring to our community is very special, and helping Arkansas Children’s expand its services and capabilities will benefit the diverse needs of the Northwest Arkansas community."
J.B. Hunt’s $5 million gift marks the final culminating gift to the Arkansas Children’s Campaign for a Healthier Tomorrow, a bold $250 million campaign designed to support the promise of unprecedented child health for children in Arkansas.
“The J.B. Hunt team has long been committed to Arkansas Children’s. There is a history of investing in community and healthcare. This new $5 million, five-year gift helps ensure Arkansas Children’s Northwest is right-sized to meet the community’s needs,” said Fred Scarborough, president of Arkansas Children’s Foundation. “Northwest Arkansas continues to grow at a rate that outpaces the rest of the state, and Arkansas Children’s Northwest is an integral part of our work to make Arkansas the safest, healthiest place to be a child.”
J.B. Hunt has supported Arkansas Children’s for nearly four decades through annual employee giving campaigns and leadership gifts to support capital projects, programs and services, including the construction of the South Wing on the Arkansas Children’s Hospital campus, the purchase of an Angel One ground ambulance, and the construction of Arkansas Children’s Northwest.
Campaign for a Healthier Tomorrow
The Campaign for a Healthier Tomorrow is a bold $250 million statewide campaign designed to support Arkansas Children’s vision:
Our Promise:
Unprecedented Child Health
Defined and Delivered
By most national measures, Arkansas is one of the least healthy states ranking 40 out of 50 states in child health and well-being. Arkansas Children’s envisions a healthier tomorrow for the more than 700,000 children in Arkansas—for both our patients and the children who will never walk through the doors of Arkansas Children’s.
Mark your calendar for July 14 at 12 p.m. as Arkansas Children’s Foundation celebrates the close of the Campaign for a Healthier Tomorrow and announces the final campaign total. Watch the virtual celebration at archildrens.org/campaign.
ABOUT ARKANSAS CHILDREN’S
Arkansas Children's, Inc., is the only healthcare system in the state solely dedicated to caring for Arkansas' more than 700,000 children. The private, non-profit organization includes two pediatric hospitals, a pediatric research institute and USDA nutrition center, a philanthropic foundation, a nursery alliance, statewide clinics, and many education and outreach programs—all focused on fulfilling a promise to define and deliver unprecedented child health. Arkansas Children’s Hospital (ACH) is a 336-bed, Magnet-recognized facility in Little Rock operating the state’s only Level I pediatric trauma center; the state's only burn center; the state's only Level IV neonatal intensive care unit; the state's only pediatric intensive care unit; the state’s only pediatric surgery program with Level 1 verification from the American College of Surgeons (ACS); the state’s only magnetoencephalography (MEG) system for neurosurgical planning and cutting-edge research; and the state's only nationally recognized pediatric transport program. Additionally, ACH is nationally ranked by U.S. News & World Report in four pediatric subspecialties (2021–2022): Cardiology & Heart Surgery, Nephrology, Pulmonology & Lung Surgery, and Urology. ACH is one of only five hospitals in the nation that have achieved Magnet Status, ACS Level 1 verification and a Beacon Award from the American Association of Critical-Care Nurses. Arkansas Children’s Northwest (ACNW), the first and only pediatric hospital in the Northwest Arkansas region, is a level IV pediatric trauma center. ACNW operates a 24-bed inpatient unit; a surgical unit with five operating rooms; outpatient clinics offering over 20 subspecialties; diagnostic services; imaging capabilities; occupational therapy services; and Northwest Arkansas' only pediatric emergency department, equipped with 30 exam rooms. Generous philanthropic and volunteer engagement has sustained Arkansas Children's since it began as an orphanage in 1912, and today ensures the system can deliver on its promise of unprecedented child health. To learn more, visit archildrens.org.
ABOUT J.B. HUNT
J.B. Hunt Transport Services, Inc., an S&P 500 company, provides innovative supply chain solutions for a variety of customers throughout North America. Utilizing an integrated, multimodal approach, the company applies technology-driven methods to create the best solution for each customer, adding efficiency, flexibility, and value to their operations. J.B. Hunt services include intermodal, dedicated, refrigerated, truckload, less-than-truckload, flatbed, single source, final mile, and more. J.B. Hunt Transport Services, Inc. stock trades on NASDAQ under the ticker symbol JBHT and is a component of the Dow Jones Transportation Average. J.B. Hunt Transport, Inc. is a wholly owned subsidiary of JBHT. For more information, visit www.jbhunt.com.
Shannon Porter
Arkansas Children’s Foundation
(501) 364-1490 office
(281) 731-2526 cell
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Brittnee Davie
Vice President – Marketing
479.419.3178
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Announces carbon transformation partnerships with Mercedes-Benz and Procter & Gamble to convert CO2 emissions into essential products
BERKELEY, Calif.--(BUSINESS WIRE)--Carbon transformation startup Twelve has raised $57 million in Series A funding from lead investors Capricorn Technology Impact Fund and Carbon Direct Capital Management. Seed round lead DCVC, as well as Munich Re Ventures, Microsoft Climate Innovation Fund, Breakout Ventures, and Evok Innovations also participated in the round.
Twelve is pioneering a new market category called carbon transformation with its proprietary catalyst technology that transforms CO2 into critical chemicals, materials and fuels that are conventionally made from fossil fuels. Using Twelve’s technology, industry and brands can meet emissions targets faster while creating essential products—from the foam in running shoes, to the polymers in automobile dashboards, to aviation fuel, to laundry detergent—at the same or higher quality as conventional products made from petrochemicals.
Carbon transformation reduces emissions from supply chains, closes the carbon loop, and provides a viable pathway to a fossil-free future, in which the products that drive the global economy are made from CO2 rather than fossil fuels. Replacing fossil feedstocks with CO2 in Twelve’s target applications could address nearly 10 percent of global carbon emissions.
The company is currently partnering with automotive, household, apparel industry and other brands, including Mercedes-Benz, Procter & Gamble, and the U.S. National Aeronautics and Space Administration (NASA) to leverage Twelve’s breakthrough carbon transformation technology to reduce emissions by creating CO2Made© products and fuels.
In contrast to carbon offset programs, Twelve’s technology directly reduces a partner’s emissions, replacing the petrochemicals in a company’s products and supply chains with CO2Made materials and fuels. Its carbon transformation devices drop into existing manufacturing processes, and integrate seamlessly at any scale.
“Nearly all products and systems we rely on daily use carbon as a resource, from what we wear, to how we live and how we move. Carbon is not the enemy; the problem is that using carbon from fossil fuels is causing global warming. By sourcing carbon from waste CO2, rather than from fossil fuels, we can reverse emissions while making useful products that drive our global economy,” said Twelve Co-Founder and Chief Technology Officer Dr. Kendra Kuhl.
“We’re compelled by the opportunity to eliminate rather than offset carbon emissions, and Twelve has the technology to make it happen as costs of carbon capture, renewables and electrolyzers are falling,” added Ion Yadigaroglu, Partner of the Technology Impact Fund and Capricorn Investment Group.
“Backing from this group of high-caliber investors allows us to build out our team and expand our partnerships to give businesses a tool to reduce emissions in their existing supply chains, and consumers the opportunity to make a real climate impact with their purchasing decisions without compromising on the quality of products they love. Carbon transformation is the new business transformation,” said Twelve Co-Founder and CEO Nicholas Flanders.
“This new funding is taking Twelve to a critical inflection point where we can scale our technology to any capacity or customer application, and to suit any product demand. Businesses can use CO2Made materials to deliver the same performance, safety and efficacy standards that traditional materials offer, while achieving their climate goals,” said Twelve Co-Founder and Chief Science Officer Dr. Etosha Cave.
“Carbon Direct's mission is to accelerate the carbon management ecosystem by providing both scientific advisory and financial capital. Twelve’s pioneering electrolysis technology has the potential to reshape the procurement of specialty chemicals and fuels. Carbon Direct Capital Management is excited to support Kendra, Etosha, Nicholas and the Twelve team at this exciting stage of the company's growth,” said Jonathan Goldberg, CEO of Carbon Direct.
Twelve is currently taking pre-orders for its industrial-scale carbon transformation module. Additional information on process, product and partnerships, and opportunities to join Twelve’s growing team, can be found at www.twelve.co.
About Twelve
Twelve is the carbon transformation company, a new kind of chemical company built for the climate era. We make essential products from air, not oil. Our groundbreaking technology eliminates emissions by transforming CO2 into critical chemicals, materials and fuels that today are made from fossil fuels. We call it carbon transformation, and it fundamentally changes how we can address climate change, reduce emissions and reverse the carbon imbalance. Reinventing what it means to be a chemical company, we’re on a mission to create a climate positive world and a fossil free future through the power of chemistry. Learn more at www.twelve.co.
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Company submits concepts for projects nationwide as part of U.S. Department of Energy RFI to enable low cost, clean hydrogen at scale
ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company, announced today that it has submitted multiple responses as part of the U.S. Department of Energy’s Request for Information (RFI) on ways to enable low-cost clean hydrogen at scale, outlining green hydrogen concepts for Connecticut, New York, Maine, Oregon and the Gulf Coast.
“We believe the time for green hydrogen as a viable clean energy fuel has come,” AVANGRID CEO Dennis V. Arriola said. “Our partners at Iberdrola in Spain and at ScottishPower in the UK are already developing commercial scale green hydrogen projects. For example, Iberdrola is building the largest plant producing green hydrogen for industrial use in Europe. AVANGRID’s access to this global expertise, combined with our U.S. based partners and supporters, provides us with a unique advantage to help accelerate the commercial production of green hydrogen in the U.S.”
Multiple project concepts submitted by AVANGRID as part of the RFI are outlined below.
Connecticut -- Electrolyzer and Hydrogen Storage
One of AVANGRID’s RFI responses proposes constructing a 20 MW electrolyzer and hydrogen storage facility for its Connecticut gas and electric utilities, potentially powered by renewable energy from offshore wind and supplemented by additional solar or grid-based renewable electricity. It is estimated the project could produce roughly 2.9 million kg of hydrogen per year, yielding an annual emissions reduction of approximately 25,000 tons of CO2 and potentially creating 400 – 800 jobs in economically disadvantaged communities.
New York – Utilizing Hydrogen for Transportation in Rochester
In collaboration with local area transportation authorities in Rochester, New York, Rochester Gas & Electric (RG&E) is assessing opportunities to construct a multi-use hydrogen production and distribution facility, which could support a range of hydrogen uses, including transportation applications to meet zero-emissions fleet goals.
Maine – Exploring Hydrogen for Multiple Applications
In Maine, AVANGRID’s local subsidiary, Central Maine Power (CMP), has begun exploring how to collaboratively help advance green hydrogen consumption in existing manufacturing processes, for enhanced renewable natural gas production, and in transportation applications such as trucking and aviation.
Gulf Coast – Leveraging Avangrid Renewables Wind Generation to Develop Green Hydrogen and Green Ammonia
Representing its nationwide presence and leading renewables fleet, Avangrid Renewables has additionally identified opportunities to support green hydrogen for industrial use on the Gulf Coast and provide cleaner solutions that strengthen the U.S.’s domestic energy leadership.
For instance, a large-scale electrolysis project in Corpus Christi, Texas would convert low-cost Texas wind power into green hydrogen and ultimately into green ammonia. The ambitious commercial-scale project demonstrates the scalability of the technology, its path to cost-competitiveness, and green hydrogen’s value as an important component in an economywide clean energy transition.
Oregon – Leveraging Klamath Cogeneration Plant for Hydrogen Production
In Oregon, AVANGRID’s RFI response proposes the colocation of green hydrogen production at Avangrid Renewables’ Klamath Cogeneration Plant. The intent would be to make the facility a source for fuel flexibility as the combined-cycle natural gas plant balances the intermittency of the energy generated by AVANGRID’s 1,300 MW Northwest wind farm fleet. The proposed project would include a ~20 MW electrolyzer to enable a two percent blend of green hydrogen into the plant’s fuel supply. This project has the potential to generate 3,000 metric tons of green hydrogen annually.
The DOE’s RFI seeks information from industry, investors, developers, academia, research laboratories, government agencies, and other stakeholders on potential hydrogen demonstration projects in the United States. It is part of the DOE’s recently announced Energy Earthshot Initiative to accelerate breakthroughs of more abundant, affordable, and reliable clean energy solutions within the decade.
About AVANGRID: AVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT, with approximately $38 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs approximately 7,000 people and has been recognized by Forbes and Just Capital as one of the 2021 JUST 100 companies – a list of America’s best corporate citizens – and was ranked number one within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2021 for the third consecutive year by the Ethisphere Institute. For more information, visit www.avangrid.com.
Media:
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NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Clean Energy Fuels Corp. (Nasdaq:CLNE) announced today it will release financial results for the second quarter of 2021 on Thursday, August 5, 2021 after market close, followed by an investor conference call at 4:30 p.m. Eastern time (1:30 p.m. Pacific). President and Chief Executive Officer of Clean Energy Andrew J. Littlefair and Chief Financial Officer Robert M. Vreeland will host the call.
Investors interested in participating in the live call can dial 1.877.407.4018 from the U.S. and international callers can dial 1.201.689.8471. A telephone replay will be available approximately two hours after the call concludes through Sunday, September 5, by dialing 1.844.512.2921 from the U.S., or 1.412.317.6671 from international locations, and entering Replay Pin Number 13720995.
There also will be a simultaneous, live webcast available on the Investor Relations section of the Company's web site at www.cleanenergyfuels.com, which will be available for replay for 30 days.
About Clean Energy
Clean Energy Fuels Corp. is the country’s largest provider of the cleanest fuel for the transportation market. Our mission is to decarbonize transportation through the development and delivery of renewable natural gas (RNG), a sustainable fuel derived from organic waste. Clean Energy allows thousands of vehicles, from airport shuttles to city buses to waste and heavy-duty trucks, to reduce their amount of climate-harming greenhouse gas. We operate a vast network of fueling stations across the U.S. and Canada. Visit www.cleanenergyfuels.com and follow @CE_NatGas on Twitter.
Robert M. Vreeland, CFO
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The program’s ninth cohort will receive non-dilutive funding for research and development at Donald Danforth Plant Science Center and the National Renewable Energy Laboratory
DENVER--(BUSINESS WIRE)--Global food demand is anticipated to grow by 60 percent within the next 30 years. To meet the demand sustainably, the Wells Fargo Innovation Incubator (IN2), a technology incubator and platform funded by the Wells Fargo Foundation and co-administered by the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL), today announced that it has selected five new startups to participate in the program. The ninth IN2 cohort is developing technologies to help make indoor agriculture more sustainable.
“Indoor agriculture provides several environmental and operational benefits, but these processes typically produce more greenhouse gas emissions than field-grown systems,” said Trish Cozart, IN2 program manager at NREL. “It’s critical to make indoor agriculture more sustainable, as land degradation and water shortages threaten the agriculture industry’s ability to feed a growing population. The companies in IN2’s ninth cohort are addressing this problem through innovative technologies.”
The selected companies will receive up to $250,000 in non-dilutive funding from Wells Fargo and will conduct research and development activities at NREL and the Donald Danforth Plant Science Center in St. Louis, Missouri, a program partner and the world’s largest independent plant science research institute. They will also join a cleantech ecosystem that includes industry experts, investors, technology bankers, demonstration partners, and a nationwide Channel Partner network of more than 60 cleantech and agtech business incubators, accelerators, and university programs.
“This year, IN2 is focused on validating technologies that address key challenges in the indoor agriculture industry, including environmentally and financially sustainable ways to deliver light, control growth environments, evaluate environmental impacts and solve the need for crop varieties that are well-adapted for indoor environments,” said Claire Kinlaw, director of Innovation Commercialization at the Donald Danforth Plant Science Center.
Originally nominated by program Channel Partners, the companies underwent in-depth review by Wells Fargo, NREL, IN2, and Donald Danforth Plant Science Center’s expert industry advisory board. The selected startups are:
“We need to accelerate technology innovation and invest in new ideas to improve food security and sustainability worldwide,” said Jenny Flores, head of Small Business Growth Philanthropy at Wells Fargo. “IN2 is uniquely positioned to identify companies with promising new technologies that can reduce the environmental impact of indoor food production and provide startups with the resources required to get to market, faster.”
With the addition of these five companies, IN2’s total portfolio now includes 56 startups. Since joining the IN2 program, portfolio companies have raised $1.1 billion in external follow-on funding — equivalent to an average of more than $95 for every $1 awarded by Wells Fargo through IN2.
About the Wells Fargo Innovation Incubator (IN2)
The Wells Fargo Innovation Incubator (IN2) is a $50 million technology incubator and platform funded by the Wells Fargo Foundation. Co-administered by and housed at the National Renewable Energy Laboratory (NREL) in Golden, Colorado, IN2’s mission is to speed the path to market for early-stage, clean-technology entrepreneurs. Launched in 2014 with an initial focus on supporting scalable solutions to reduce the energy impact of commercial buildings, IN2 has since expanded its focus to advance technologies that address the sustainable production of agriculture and housing affordability. For more information, visit in2ecosystem.com.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets and proudly serves one in three U.S. households and more than 10% of all middle market companies and small businesses in the U.S. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 30 on Fortune’s 2020 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health and a low-carbon economy. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories. Additional information may be found at www.wellsfargo.com | Twitter: @WellsFargo.
About the Donald Danforth Plant Science Center
Founded in 1998, the Donald Danforth Plant Science Center is a not-for-profit research institute with a mission to improve the human condition through plant science. Research, education and outreach aim to have impact at the nexus of food security and the environment, and position the St. Louis region as a world center for plant science. The Center’s work is funded through competitive grants from many sources, including the National Institutes of Health, U.S. Department of Energy, National Science Foundation, and the Bill & Melinda Gates Foundation. Follow us on Twitter at @DanforthCenter.
Wells Fargo Media
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IN2 Media
Liz Crumpacker, 646-494-7482
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MONTREAL & KANSAS CITY, Mo.--(BUSINESS WIRE)--CN (TSX: CNR, NYSE: CNI) and Kansas City Southern (NYSE: KSU) (“KCS”) today announced that KCS has scheduled a virtual Special Meeting of Stockholders (“Special Meeting”) to vote on the proposed combination with CN on August 19, 2021, at 9:00 a.m. Central Time. All stockholders of record of KCS common stock and KCS 4% non-cumulative preferred stock as of the close of business on July 1, 2021 will be entitled to vote their shares at the Special Meeting.
As previously announced on May 21, 2021, under the terms of the agreement, which was unanimously approved by the Board of Directors of each company, KCS stockholders will receive $200 in cash and 1.129 shares of CN common stock for each KCS common share, with KCS stockholders expected to own approximately 12.65% of the combined company. KCS’ preferred stockholders will receive $37.50 in cash for each preferred share. Additional information regarding the combination can be found in the definitive proxy statement that has been filed with the U.S. Securities and Exchange Commission (“SEC”).
“We are thrilled to be taking this important next step and giving KCS stockholders the opportunity to vote on the creation of the premier railway for the 21st century. Numerous stakeholders of both companies have voiced overwhelming support for this compelling combination, and we look forward to delivering the many benefits of this pro-competitive transaction to them. This combination delivers significant value to KCS stockholders along with the opportunity to participate in the significant upside of the combined company.”
- JJ Ruest, president and chief executive officer of CN
“The filing of the definitive proxy statement represents an important milestone as we work toward completing this transaction. By joining with CN, KCS will provide our customers access to new single-line transportation services at the best value for their transportation dollar, while increasing competition among the Class 1 railroads. Together, CN and KCS will be positioned to deliver on the transaction’s powerful potential to create new growth opportunities for our customers, employees, labor partners, communities and stockholders.”
- Patrick J. Ottensmeyer, president and chief executive officer of KCS
The KCS Board of Directors unanimously recommends that stockholders vote “FOR” the merger agreement with CN and the other proposals outlined in the definitive proxy statement. CN will acquire KCS shares and place them into a voting trust if such trust is approved by the Surface Transportation Board (“STB”). KCS stockholders will receive the merger consideration immediately upon the closing into CN’s voting trust, which is expected to be in the second half of 2021. Following this step, the STB and other regulatory authorities will complete their review of CN’s control of KCS. Upon approval, the completion of the transaction to take the KCS shares out of the voting trust is expected to take place in the second half of 2022.
CN’s voting trust is an integral component of the CN-KCS combination. It prevents premature control of KCS, allows KCS to maintain independence and protects KCS’ financial health during the STB’s review of the ultimate combination of CN and KCS. CN and KCS are confident that the voting trust meets all the standards set forth by the STB and believe that, after a fair and thorough review by the STB, it should be approved.
CN’s prospectus and KCS’ definitive proxy materials can be found on the SEC’s website at www.sec.gov. The proxy materials are being mailed to all stockholders eligible to vote at the Special Meeting, which can be accessed at meetings.computershare.com/MUKQC2H.
KCS stockholders who need assistance or have questions regarding the KCS Special Meeting may contact KCS’s proxy solicitor:
If you have any questions, require assistance with voting your proxy card, or need additional copies of proxy material, please call MacKenzie Partners at the phone numbers listed below.
MacKenzie Partners, Inc.
1407 Broadway, 27th Floor New York, NY 10018
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(212) 929-5500 or (800) 322-2885 |
For more information on CN’s combination with KCS, please visit www.ConnectedContinent.com.
About CN
CN is a world-class transportation leader and trade-enabler. Essential to the economy, to the customers, and to the communities it serves, CN safely transports more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year. As the only railroad connecting Canada’s Eastern and Western coasts with the U.S. South through a 19,500-mile rail network, CN and its affiliates have been contributing to community prosperity and sustainable trade since 1919. CN is committed to programs supporting social responsibility and environmental stewardship.
About Kansas City Southern
Headquartered in Kansas City, Mo., Kansas City Southern (KCS) (NYSE: KSU) is a transportation holding company that has railroad investments in the U.S., Mexico and Panama. Its primary U.S. holding is The Kansas City Southern Railway Company, serving the central and south central U.S. Its international holdings include Kansas City Southern de Mexico, S.A. de C.V., serving northeastern and central Mexico and the port cities of Lázaro Cárdenas, Tampico and Veracruz, and a 50 percent interest in Panama Canal Railway Company, providing ocean-to-ocean freight and passenger service along the Panama Canal. KCS' North American rail holdings and strategic alliances with other North American rail partners are primary components of a unique railway system, linking the commercial and industrial centers of the U.S., Mexico and Canada. More information about KCS can be found at www.kcsouthern.com
Forward Looking Statements
Certain statements included in this news release constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and under Canadian securities laws, including statements based on management’s assessment and assumptions and publicly available information with respect to KCS, regarding the proposed transaction between CN and KCS, the expected benefits of the proposed transaction and future opportunities for the combined company. By their nature, forward-looking statements involve risks, uncertainties and assumptions. CN and KCS caution that their assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Forward-looking statements may be identified by the use of terminology such as “believes,” “expects,” “anticipates,” “assumes,” “outlook,” “plans,” “targets,” or other similar words.
Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and other factors which may cause actual results, performance or achievements of CN, or the combined company, to be materially different from the outlook or any future results, performance or achievements implied by such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements. Important risk factors that could affect the forward-looking statements in this news release include, but are not limited to: the outcome of the proposed transaction between CN and KCS; the parties’ ability to consummate the proposed transaction; the conditions to the completion of the proposed transaction; that the regulatory approvals required for the proposed transaction may not be obtained on the terms expected or on the anticipated schedule or at all; CN’s indebtedness, including the substantial indebtedness CN expects to incur and assume in connection with the proposed transaction and the need to generate sufficient cash flows to service and repay such debt; CN’s ability to meet expectations regarding the timing, completion and accounting and tax treatments of the proposed transaction; the possibility that CN may be unable to achieve expected synergies and operating efficiencies within the expected time-frames or at all and to successfully integrate KCS’ operations with those of CN; that such integration may be more difficult, time-consuming or costly than expected; that operating costs, customer loss and business disruption (including, without limitation, difficulties in maintaining relationships with employees, customers or suppliers) may be greater than expected following the proposed transaction or the public announcement of the proposed transaction; the retention of certain key employees of KCS may be difficult; the duration and effects of the COVID-19 pandemic, general economic and business conditions, particularly in the context of the COVID-19 pandemic; industry competition; inflation, currency and interest rate fluctuations; changes in fuel prices; legislative and/or regulatory developments; compliance with environmental laws and regulations; actions by regulators; the adverse impact of any termination or revocation by the Mexican government of KCS de México, S.A. de C.V.’s Concession; increases in maintenance and operating costs; security threats; reliance on technology and related cybersecurity risk; trade restrictions or other changes to international trade arrangements; transportation of hazardous materials; various events which could disrupt operations, including illegal blockades of rail networks, and natural events such as severe weather, droughts, fires, floods and earthquakes; climate change; labor negotiations and disruptions; environmental claims; uncertainties of investigations, proceedings or other types of claims and litigation; risks and liabilities arising from derailments; timing and completion of capital programs; and other risks detailed from time to time in reports filed by CN with securities regulators in Canada and the United States. Reference should also be made to Management’s Discussion and Analysis in CN’s annual and interim reports, Annual Information Form and Form 40-F, filed with Canadian and U.S. securities regulators and available on CN’s website, for a description of major risk factors relating to CN. Additional risks that may affect KCS’ results of operations appear in Part I, Item 1A “Risks Related to KCS’ Operations and Business” of KCS’ Annual Report on Form 10-K for the year ended December 31, 2020, and in KCS’ other filings with the U.S. Securities and Exchange Commission (“SEC”).
Forward-looking statements reflect information as of the date on which they are made. CN and KCS assume no obligation to update or revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable securities laws. In the event CN or KCS does update any forward-looking statement, no inference should be made that CN or KCS will make additional updates with respect to that statement, related matters, or any other forward-looking statement.
No Offer or Solicitation
This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
Additional Information and Where to Find It
In connection with the proposed transaction, CN has filed with the SEC a registration statement on Form F-4 to register the shares to be issued in connection with the proposed transaction, and the registration statement has been declared effective. CN has filed with the SEC its prospectus and KCS has filed with the SEC its definitive proxy statement in connection with the proposed transaction, and the KCS proxy statement is being sent to the stockholders of KCS seeking their approval of the merger-related proposals. This news release is not a substitute for the registration statement, the prospectus, the proxy statement or other documents CN and/or KCS may file with the SEC or applicable securities regulators in Canada in connection with the proposed transaction.
INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT, THE PROSPECTUS, THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC OR APPLICABLE SECURITIES REGULATORS IN CANADA CAREFULLY IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS THERETO) BECAUSE THEY CONTAIN AND WILL CONTAIN IMPORTANT INFORMATION ABOUT CN, KCS AND THE PROPOSED TRANSACTION. Investors and security holders may obtain copies of these documents (if and when available) and other documents filed with the SEC and applicable securities regulators in Canada by CN free of charge through at www.sec.gov and www.sedar.com. Copies of the documents filed by CN (if and when available) will also be made available free of charge by accessing CN’s website at www.CN.ca. Copies of the documents filed by KCS (if and when available) will also be made available free of charge at www.investors.kcsouthern.com, upon written request delivered to KCS at 427 West 12th Street, Kansas City, Missouri 64105, Attention: Corporate Secretary, or by calling KCS’ Corporate Secretary’s Office by telephone at 1-888-800-3690 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..
Participants
This news release is neither a solicitation of a proxy nor a substitute for the registration statement, the prospectus, the proxy statement or other filings that may be made with the SEC and applicable securities regulators in Canada. Nonetheless, CN, KCS, and certain of their directors and executive officers and other members of management and employees may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information about CN’s executive officers and directors is available in its 2021 Management Information Circular, dated March 9, 2021, as well as its 2020 Annual Report on Form 40-F filed with the SEC on February 1, 2021, in each case available on its website at www.CN.ca/investors/ and at www.sec.gov and www.sedar.com. Information about KCS’ directors and executive officers may be found on its website at www.kcsouthern.com and in its 2020 Annual Report on Form 10-K filed with the SEC on January 29, 2021, available at www.investors.kcsouthern.com and www.sec.gov. Additional information regarding the interests of such potential participants is or may be included in the registration statement, the prospectus, the proxy statement or other documents filed with the SEC and applicable securities regulators in Canada if and when they become available. These documents (if and when available) may be obtained free of charge from the SEC’s website at www.sec.gov and from www.sedar.com, as applicable.
Media: CN
Canada
Mathieu Gaudreault
CN Media Relations & Public Affairs
(514) 249-4735
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Longview Communications & Public Affairs
Martin Cej
(403) 512-5730
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United States
Brunswick Group
Jonathan Doorley / Rebecca Kral
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Media: KCS
C. Doniele Carlson
KCS Corporate Communications & Community Affairs
(816) 983-1372
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Joele Frank, Wilkinson Brimmer Katcher
Tim Lynch / Ed Trissel
(212) 355-4449
Investment Community: CN
Paul Butcher
Vice-President
Investor Relations
(514) 399-0052
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Investment Community: KCS
Ashley Thorne
Vice President
Investor Relations
(816) 983-1530
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MacKenzie Partners, Inc.
Dan Burch / Laurie Connell
(212) 929-5748 / (212) 378-7071
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The Company Is Expanding to Capitalize on the Growing Demand for Solar and Storage Projects in the U.S.
RADNOR, Pa.--(BUSINESS WIRE)--Community Energy today announced the hiring of six new senior team members to accelerate growth in its solar and storage development business: Chris Caswell, Director, Structured Finance; Walter Crenshaw, Senior Developer; Kevin Delaney, Senior Counsel; Ola Olaniyi, Director of Origination; Michael Warwick, Counsel; and Michael Wolset, Vice President of People and Culture. This news immediately follows Community Energy’s announcement last month that Judy McElroy, national leader in energy storage and CEO of Fractal Energy Storage Consultants, joined its Board of Directors.
Community Energy recently marked the milestone of two gigawatts (AC) of solar projects developed and financed since entering the solar development business in 2010. While leading the development of utility-scale solar in the US east of California, Community Energy completed its first gigawatt of development in about ten years. The company added a second gigawatt in less than two years. In line with this rapid growth and track record of success, Community Energy is building its team to capitalize on growing demand for solar power and battery storage projects nationwide.
Chris Caswell joined Community Energy as Director, Structured Finance, and is leading financial analysis for solar and energy storage development projects, supporting commercial transaction structuring, project financing and M&A transactions with third party investors. Prior to joining Community Energy, Chris was a Director, Finance and Capital Markets at Invenergy and managed the project financings for several of Invenergy’s thermal and wind assets in construction and operations. Before Invenergy, Chris worked in Asset Management and Business Development at NRG Energy, and began his career as an Energy Analyst at Tangent Energy.
Walter Crenshaw joined Community Energy as a Development Director leading development of new solar and storage project opportunities in Virginia and the Southeast. Walter has been in energy for more than 15 years and most recently managed Commercial Affairs for Dominion’s Cove Point LNG pipeline, liquefaction, and export facility. Prior to that he was the Director of Dominion Energy, Inc.’s unregulated generation business development group, responsible for originating and closing 1 GW of new unregulated solar additions to Dominion’s fleet.
Kevin Delaney joined the Community Energy legal team as Senior Counsel handling project development, asset disposition, finance and general corporate matters. Prior to Community Energy, Kevin spent 12 years working in the Corporate & Business Transactions Group at Morgan, Lewis & Bockius representing developers, equity investors and energy companies on all aspects of real estate matters in connection with renewable power generation and conventional power production projects.
Ola Olaniyi, Director of Origination at Community Energy, leads M&A and Project Finance transactions across utility-scale solar and distributed-generation. Prior to Community Energy, Ola served as Managing Director, Asset Acquisition at Safari Energy to oversee the strategic development of the business. Ola has two decades of professional experience in financial services, including leading solar acquisition and investment teams at SunEdison along with prior investment banking and private equity experience at JP Morgan, UBS and Temasek Holdings.
Michael Warwick joined Community Energy as Counsel and supports a wide variety of company legal needs including corporate issues, project development, and project disposition with a particular focus on real estate matters. Prior to joining Community Energy, Michael practiced law with Troutman Pepper, where his practice focused on real estate and corporate matters, with a particular focus on energy projects. Over the course of his career, Michael has assisted with the development, sale, purchase or finance of over 2 GW of renewable energy projects.
Michael Wolset joined Community Energy as Vice President of People and Culture and is responsible for driving a remarkable experience for the candidate and employee lifecycle, including talent acquisition, total rewards, performance management, talent development, and diversity and inclusion. Prior to joining Community Energy, Michael led the Talent function at Billtrust through growth from 130 to 600 employees, while transitioning from a private to public company through the SPAC process.
“We’re thrilled to have Judy, Chris, Walter, Kevin, Ola, Michael and Mike join our family,” said Brent Beerley, President & CEO of Community Energy. “Our people come first and this recent round of recruitment shows that we are committed to building a best-in-class culture and team laser focused on accelerating the transition to a carbon-free grid.”
About Community Energy
Community Energy has been a pioneer in renewable energy generation for 22 years, developing and financing 2.7 GW of renewable energy projects across the United States, including 2 GW of solar, and delivering the first solar and wind projects at scale in 12 states. Community Energy is a pure play developer with a 55+ person team that anticipates, originates, and develops competitively advantaged solar plus storage projects throughout the country. Community Energy has a large and diverse project pipeline in support of its mission to accelerate the transition to a 24/7 carbon-free grid. Community Energy has offices near Philadelphia, PA and in Boulder, CO. For more information, please visit www.communityenergyinc.com.
Amy Lobel
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MIAMI--(BUSINESS WIRE)--#colocation--Cyxtera, a global leader in data center colocation and interconnection services, today announced it has selected NextEra Energy Resources, LLC, the world’s largest generator of renewable energy from the wind and sun and a world leader in battery energy storage, as its preferred supplier of green energy. The selection of NextEra Energy Resources will also help Cyxtera accelerate achieving its sustainability goals.
NextEra Energy Resources, through one of its subsidiaries, will advise, support, and accelerate Cyxtera’s efforts to increase the use of renewable energy through the installation of clean and renewable energy distributed generation systems at data centers across its existing footprint in North America. In addition, the companies will work together to explore other renewable and clean energy projects, including the development of next-generation data centers leveraging the latest environmentally friendly technology and renewable energy provided by NextEra Energy Resources.
Additionally, NextEra Energy Resources, through one of its subsidiaries, subscribed for $20 million of the $250 million Class A common stock PIPE offering to be issued by Starboard Value Acquisition Corp. (NASDAQ: SVAC) concurrently with the consummation of the previously announced $3.4 billion pending merger of Cyxtera and SVAC.
“NextEra Energy Resources is pleased to be working with Cyxtera to help it achieve its sustainability goals,” said Matt Ulman, vice president of distributed generation for NextEra Energy Resources. “Our strategic investment in the SVAC private placement reflects our belief that colocation providers such as Cyxtera are well positioned for future growth.”
NextEra Energy Resources will work with Cyxtera on its distributed power generation system requirements and assist in helping Cyxtera meet its sustainability goals for the more than 200 megawatts of power capacity across its data center footprint in the United States.
“It’s exciting to be working with NextEra Energy Resources, a company that shares our passion for finding innovative solutions for customers in our respective industries,” said Nelson Fonseca, President and Chief Executive Officer of Cyxtera. “As a company committed to 100% carbon neutrality, operating our global data center platform as efficiently as possible is a critical focus for us at Cyxtera. By partnering with a proven leader in clean energy, we intend to accelerate our shift to renewable energy and help reduce our carbon footprint.”
About Cyxtera
Cyxtera is a global leader in data center colocation and interconnection services. The company operates a footprint of more than 60 data centers around the world, providing services to more than 2,300 leading enterprises and U.S. federal government agencies. Cyxtera brings proven operational excellence, global scale, flexibility and customer-focused innovation together to provide a comprehensive portfolio of data center and interconnection services. On February 22, 2021, Cyxtera announced that it entered into a definitive agreement to merge with Starboard Value Acquisition Corp. (NASDAQ: SVAC), a publicly traded special purpose acquisition company. The parties expect to complete the transaction in mid-2021, subject to customary closing conditions, including the receipt of regulatory approvals and approval by SVAC’s stockholders. For more information, please visit www.cyxtera.com.
Xavier Gonzalez
Cyxtera
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DUBLIN--(BUSINESS WIRE)--The "Emission Monitoring Systems Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The Emission Monitoring Systems Market is expected to grow at a CAGR of 8.5% over the forecast period (2021-2026).
Companies Mentioned
Key Market Trends
Oil & Gas Segment is Expected to Witness Significant Growth
North America to Hold Significant Market Share
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.3 Industry Value Chain Analysis
5 MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Stringent Legal and Environmental Regulations
5.1.2 Increasing Health and Safety Issues
5.2 Market Restraints
5.2.1 High Cost of These Systems for Regular Maintenance
5.3 Assessment of Impact of Covid-19 on the Industry
6 MARKET SEGMENTATION
6.1 By Component
6.1.1 Hardware
6.1.2 Software
6.1.3 Service
6.2 By End User
6.2.1 Oil & Gas
6.2.2 Metal and Mining
6.2.3 Pharmaceutical
6.2.4 Power Generation
6.2.5 Chemicals
6.2.6 Other End Users
6.3 Geography
6.3.1 North America
6.3.2 Europe
6.3.3 Asia-Pacific
6.3.4 Latin America
6.3.5 Middle-East and Africa
7 COMPETITIVE LANDSCAPE
7.1 Vendor Market Share Analysis
7.2 Company Profiles
8 INVESTMENT ANALYSIS
9 FUTURE OF THE MARKET
For more information about this report visit https://www.researchandmarkets.com/r/eoga9r
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced that a record 20,124 ICE Murban Crude Oil Futures traded on ICE Futures Abu Dhabi (“IFAD”) on July 6, marking its highest volume day since the contracts launched on March 29.
Alongside ICE Murban Crude Oil Futures, IFAD launched trading in 18 Murban-related cash settled derivatives and inter-commodity spreads, offering the market the broadest range of ways to trade and hedge Murban crude oil.
A total of 503,567 contracts have traded on IFAD since launch, equivalent to 0.5 billion barrels of Murban Crude oil. This includes 495,782 ICE Murban Crude Oil futures contracts and 7,785 Murban-related cash settled derivatives, with 63 firms having traded on IFAD. Open interest on IFAD is 51,068 contracts. Average daily volume in ICE Murban Crude Oil futures since launch is 6,886 contracts.
“The growing volumes and open interest in Murban futures are building the depth of liquidity on ICE Futures Abu Dhabi as the market uses Murban futures to hedge forward price risk and contribute to the price formation process of Murban crude oil,” said Jamal Oulhadj, President of ICE Futures Abu Dhabi.
On June 30, the August Murban futures contract went to expiry with 6,923 contracts going to delivery, a 14% increase on the 6,079 contracts that went to expiry the prior month.
IFAD has 32 Exchange Members and 23 Clearing Members, who are listed in full on IFAD’s Membership page.
For more information on how to clear or trade IFAD markets please contact This email address is being protected from spambots. You need JavaScript enabled to view it. or to arrange education sessions on IFAD please contact This email address is being protected from spambots. You need JavaScript enabled to view it..
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2020, as filed with the SEC on February 4, 2021.
ICE- CORP
Source: Intercontinental Exchange
ICE Media Contact:
Rebecca Mitchell
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+44 7951 057 351
ICE Investor Contact:
Mary Caroline O’Neal
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(770) 738-2151
VIERSEN, Germany--(BUSINESS WIRE)--In response to demand for growing hydrogen fuel cell development and test, EA Elektro-Automatik, the global leader in DC power test equipment, offers a series of powerful bidirectional DC power supplies and regenerative DC loads ideal for fuel cell stack testing.
Fuel cell performance requires adherence to a variety of specifications, so test engineers must conduct a series of characterization, performance and durability tests. Fuel cells are characterized by determining their resistance. Fuel cell performance is usually indicated via polarization curves by measuring its voltage and current. A durability test is the test after a fuel cell stack reaches operating conditions, the stack is subjected to a continuous series of charge/discharge cycles to ensure that it will work safely and reliably in the field.
“In response to the demand for clean energy, the market for fuel cells is growing at a compound annual growth rate of 26.4% and is projected to reach $848 M by 2025. Uses for fuel cells include power generation for commercial vehicles such as buses and forklifts, backup power generation systems, and for other power sources. To ensure the design and manufacturing of quality fuel cells, EA Elektro-Automatik offers its EA-PSB 10000 2-quadrant power supplies and EA-ELR 10000 Series electronic loads. Both the PSB power supplies and the EA-ELR loads sink up to 30 kW and feed back the energy to the grid to enable testing of any size fuel cell stack,” said Markus Schyboll, CEO of EA Elektro-Automatik (EA).
Built-in Function Generator Simulates any Load Condition
Both the PSB Power Supplies and the ELR Electronic Loads have built-in function generators that include arbitrary waveform generation, which simplifies characterization, performance, and durability testing of fuel cells. Unlike other loads that need a separate AC instrument, the ELR load, with its built-in waveform generator, can perform the perturbation test to determine fuel cell resistance. In addition, both the PSB supplies and the ELR loads, with their built-in waveform generators, can subject the fuel cell-under-test to dynamic load variations for performance and durability testing.
PSB Series DC Supplies Simulate Fuel Cell Characteristics
The PSB DC Supply also has an internal X-Y generator that allows the supply to simulate the output of a fuel cell. At various voltages, the PSB supply can vary its output resistance to generate a current characteristic of the fuel cell at the programmed voltage. Thus, the PSB supply can emulate the three phases of a fuel cell’s characteristic output. The PSB supply can add ripple and noise onto its output to determine how well a fuel-cell powered device can perform under a wide range of conditions.
Autoranging Maximizes Voltage and Current Curve for Testing Any Type or Size of Fuel Cell
Both the PSB Series supplies and the ELR Loads offer true autoranging performance. The PSB supplies have a constant power characteristic output that allows for a wider range of voltage and current output with one instrument. The supplies can have ranges from 0 – 60 V up to 0 – 2000 V. Current outputs can be up to 1000 A at 30 V with the 30 kW supply. Similarly, the ELR loads can sink up to 2000 V or 1000 A with the 30 kW load. Autoranging power supplies and loads enable users to obtain higher voltages and currents without having to oversize the supply or the load. Thus, one instrument provides a wider range of testing capacity and versatility for use in multiple test applications. The PSB supplies and ELR loads save test costs and test rack space compared with fixed range instruments.
High Efficiency Regenerative Energy Recovery Saves Costs and Cooling Requirements
The PSB Series power supplies have the added value of being a 2-quadrant instrument. These supplies, therefore, can function as both a source and a load. As a load, both the PSB supplies and the ERL loads are regenerative loads and can return the absorbed power to the grid with more than 96% efficiency. That significantly reduces the cooling requirements on the instrument. Less cooling enables saving space with a smaller instrument for a given power capacity and saves on power consumption costs. Fan noise is also significantly reduced. With high power loads, such as kilowatt loads, regenerative energy recovery offers substantial savings on utilities, smaller-sized instruments, and longer instrument life with less thermally stressed components.
Complete Portfolio of Interfaces for Automated Test
The PSB Series supplies and the ELR loads have USB and ethernet as standard interfaces. Furthermore, a number of optional interfaces allow control from a PC or a programmable controller. Some of the optional interfaces include RS-232, Profibus, CAN bus, and ModBus. With the CAN interface, the instruments can interface to an automotive control system.
Simplified Manual Operation
The supplies and the load have a multi-colored touchscreen display that shows all programmed and measured values and only two control knobs. The user has a choice of various languages: English, Spanish, French, German, Chinese and Russian. The learning curve for operating the instrument is short as the user can work in the language in which he or she is most comfortable.
Learn more fuel cell testing and simulation with the EA-PSB series power supplies and the EA-ELR series electronic loads.
About EA Elektro-Automatik
The EA Elektro-Automatik Group (EA) is Europe’s leading supplier of power electronics for R & D and industrial applications.
At the German headquarter in Viersen, North Rhine Westphalia, more than 200 qualified associates research, develop and produce high-tech equipment for laboratory power supplies, high power mains adaptors and electronic loads, with and without mains feedback. Specific to power electronics, made by EA, is the wide application spectrum. The units are used across many branches, from batteries, through fuel cell technology, to wind and solar power, from electrochemicals and process technology to telecommunication.
Results and experience from decades of R & D flow continually into new solutions. Automatic test systems with specially developed soft- and hardware assure a consistently high product quality. Flexible production processes support fast reaction to changing customer requirements.
As a mid-size company EA is totally responsible for the production location in Germany but acts globally with branches in China and USA, sales offices in Russia and Spain and a wide network of partners. Value sharing, mutual respect and open communication characterize our association.
The foundation of the company in 1974 was based on innovation, a tradition which is maintained today. What started with the development of simple mains adaptors is continued today in the overall concept of technology leadership. With highly specialized power supply systems for a multitude of applications, EA is driving the future of power electronics – technologically excellent, designed for resource protection and energy saving and conceived for a multitude of applications.
EA Elektro-Automatik GmbH & Co.KG
Craig Frahm
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