Project ensures long-term gas supply from Gorgon to customers in Australia and Asia
SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) today announced that its wholly owned subsidiary Chevron Australia Pty Ltd. (Chevron Australia) as operator and the Gorgon joint venture participants will proceed with the approximately $4 billion (AU$6 billion) Jansz-Io Compression (J-IC) project.
Nigel Hearne, Chevron Eurasia Pacific Exploration and Production president, said J-IC represents Chevron’s most significant capital investment in Australia since the sanctioning of the Gorgon Stage 2 project in 2018.
“Using world-leading subsea compression technology, J-IC is positioned to maintain gas supply from the Jansz-Io field to the three existing LNG trains and domestic gas plant on Barrow Island,” Hearne said.
“This will maintain an important source of clean-burning natural gas to customers that will enable energy transitions in countries across the Asia Pacific region.”
A modification of the existing Gorgon development, J-IC will involve the construction and installation of a 27,000-tonne normally unattended floating Field Control Station (FCS), approximately 6,500 tonnes of subsea compression infrastructure and a 135km submarine power cable linked to Barrow Island.
Construction and installation activities are estimated to take approximately five years to complete.
J-IC follows the Gorgon Stage 2 project, which is nearing completion of the installation phase, to supply gas to the Gorgon plant from four new Jansz-Io and seven new Gorgon wells.
The Chevron-operated Gorgon Project is a joint venture between the Australian subsidiaries of Chevron (47.333 percent), ExxonMobil (25 percent), Shell (25 percent), Osaka Gas (1.25 percent), Tokyo Gas (1 percent) and JERA (0.417 percent).
Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. To advance a lower-carbon future, we are focused on cost efficiently lowering our carbon intensity, increasing renewables and offsets in support of our business, and investing in low-carbon technologies that enable commercial solutions. More information about Chevron is available at www.chevron.com.
NOTICE
CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This news release contains forward-looking statements relating to Chevron’s operations that are based on management's current expectations, estimates and projections about the petroleum, chemicals and other energy-related industries. Words or phrases such as “anticipates,” “expects,” “intends,” “plans,” “targets,” “advances,” “commits,” “forecasts,” “projects,” “believes,” “approaches,” “seeks,” “schedules,” “estimates,” “positions,” “pursues,” “may,” “could,” “should,” “will,” “budgets,” “outlook,” “trends,” “guidance,” “focus,” “on track,” “goals,” “objectives,” “strategies,” “opportunities,” “poised,” “potential” and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, many of which are beyond the company’s control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Unless legally required, Chevron undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are: changing crude oil and natural gas prices and demand for our products, and production curtailments due to market conditions; crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries and other producing countries; public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics, and any related government policies and actions; changing economic, regulatory and political environments in the various countries in which the company operates; general domestic and international economic and political conditions; changing refining, marketing and chemicals margins; the company’s ability to realize anticipated cost savings, expenditure reductions and efficiencies associated with enterprise transformation initiatives; actions of competitors or regulators; timing of exploration expenses; timing of crude oil liftings; the competitiveness of alternate-energy sources or product substitutes; technological developments; the results of operations and financial condition of the company’s suppliers, vendors, partners and equity affiliates, particularly during extended periods of low prices for crude oil and natural gas during the COVID-19 pandemic; the inability or failure of the company’s joint-venture partners to fund their share of operations and development activities; the potential failure to achieve expected net production from existing and future crude oil and natural gas development projects; potential delays in the development, construction or start-up of planned projects; the potential disruption or interruption of the company’s operations due to war, accidents, political events, civil unrest, severe weather, cyber threats, terrorist acts, or other natural or human causes beyond the company’s control; the potential liability for remedial actions or assessments under existing or future environmental regulations and litigation; significant operational, investment or product changes required by existing or future environmental statutes and regulations, including international agreements and national or regional legislation and regulatory measures to limit or reduce greenhouse gas emissions; the potential liability resulting from pending or future litigation; the company's ability to achieve the anticipated benefits from the acquisition of Noble Energy, Inc.; the company’s future acquisitions or dispositions of assets or shares or the delay or failure of such transactions to close based on required closing conditions; the potential for gains and losses from asset dispositions or impairments; government mandated sales, divestitures, recapitalizations, industry-specific taxes, tariffs, sanctions, changes in fiscal terms or restrictions on scope of company operations; foreign currency movements compared with the U.S. dollar; material reductions in corporate liquidity and access to debt markets; the receipt of required Board authorizations to pay future dividends; the effects of changed accounting rules under generally accepted accounting principles promulgated by rule-setting bodies; the company’s ability to identify and mitigate the risks and hazards inherent in operating in the global energy industry; and the factors set forth under the heading “Risk Factors” on pages 18 through 23 of the company's 2020 Annual Report on Form 10-K and in other subsequent filings with the U.S. Securities and Exchange Commission. Other unpredictable or unknown factors not discussed in this news release could also have material adverse effects on forward-looking statements.
Cam Van Ast (Perth) -- +61 8 9216 4462
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the "Company") plans to announce its financial results for the second quarter 2021 prior to 8:00 A.M. Eastern Time on Thursday, August 5, 2021. A copy of the press release and an earnings supplement will be posted to the Investors section of the Company's website, www.newfortressenergy.com.
In addition, management will host a conference call on Thursday, August 5, 2021 at 8:00 A.M. Eastern Time. The conference call may be accessed by dialing (866) 953-0778 (from within the U.S.) or (630) 652-5853 (from outside of the U.S.) fifteen minutes prior to the scheduled start of the call; please reference “NFE Second Quarter 2021 Earnings Call."
A simultaneous webcast of the conference call will be available to the public on a listen-only basis at www.newfortressenergy.com. Please allow extra time prior to the call to visit the site and download the necessary software required to listen to the internet broadcast.
A replay of the conference call will be available after 11:00 AM Eastern Time on Thursday, August 5, 2021 through 11:00 AM Eastern Time on Thursday August 12, 2021 at (855) 859-2056 (from within the U.S.) or (404) 537-3406 (from outside of the U.S.), Passcode: 8769417.
About New Fortress Energy Inc.
New Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to help accelerate the world’s transition to clean energy. The company funds, builds and operates natural gas infrastructure and logistics to rapidly deliver fully integrated, turnkey energy solutions that enable economic growth, enhance environmental stewardship and transform local industries and communities.
IR:
Joshua Kane
(516) 268-7455
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CARPENTERSVILLE, Ill.--(BUSINESS WIRE)--Black Diamond Capital Management, L.L.C. (“Black Diamond”) is pleased to announce a transaction involving one of its portfolio companies, Speciality Chemicals International Limited, a holding company of the Polynt-Reichhold group (the “Company”) in which the Company agreed to repurchase Investindustrial’s shares in the Company (the “Transaction”). Following the completion of the Transaction, Black Diamond will become the Company’s controlling shareholder.
Black Diamond and Investindustrial became partners in Polynt-Reichhold after the successful merger of Polynt and Reichhold in May 2017. In the years following the merger, the combined company’s performance has substantially improved. The Transaction, together with the refinancing of the existing debt, will be financed by approximately €1.3 billion (equivalent) of new senior secured and unsecured debt facilities expected to be issued by the Company in the public debt capital markets. Affiliates of JP Morgan and certain funds managed by affiliates of Apollo Capital Management, L.P., have provided a commitment for the debt financing and funds managed by Black Diamond have provided an equity commitment.
“We are extremely pleased with what management has been able to achieve with Polynt-Reichhold thus far and are looking forward to supporting them for the next phase of growth,” said Steve Deckoff, Black Diamond’s Managing Principal.
The Transaction is expected to close within six months from the date hereof, subject to receiving all necessary regulatory approvals.
Morgan Stanley & Co. International plc is acting as the Company’s exclusive financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP is acting as the Company’s legal advisor. Slaughter and May and Chiomenti Studio Legale are acting as legal advisors to Global Chemicals S.à r.l., an independently-managed investment subsidiary of Investindustrial V L.P. Morgan Lewis is acting as legal advisor to Black Diamond.
About Polynt-Reichhold
Polynt-Reichhold is a leading vertically-integrated global specialty chemical manufacturer, generating €2 billion in annual sales. Headquartered in the UK, Polynt-Reichhold Group manages operations through two regional centres located in Italy (Scanzorosciate, Polynt’s historical headquarter) and in the US (Carpentersville, Illinois).The Group operates 36 manufacturing facilities worldwide and several R&D centres, with a total workforce of approximately 3,100 employees.
Additional information on Polynt-Reichhold is available at www.polynt.com | www.reichhold.com.
About Black Diamond
Black Diamond Capital Management, L.L.C. (together with its affiliates, “Black Diamond”) is a leading alternative investment firm with over $8 billion in assets across four core platforms: (i) control distressed and special situations private equity funds; (ii) hedge funds; (iii) non-control stressed and distressed closed-ended funds; and (iv) collateralized loan obligations and structured products. Black Diamond has over 25 years of experience in underwriting, trading, restructuring and managing performing, stressed, distressed and private equity investments through multiple market cycles. Black Diamond is an SEC-registered Investment Adviser with over 80 employees operating from offices in Stamford, CT, London, UK and St. Thomas, VI.
Additional information on Black Diamond is available at www.bdcm.com.
This press release is for information purposes only and does not constitute any offer to sell or the solicitation of an offer to buy any security in the United States or in any other jurisdiction.
Black Diamond Investor Relations
Office: +1 (203) 552-0888
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PLANO, Texas--(BUSINESS WIRE)--Vine Energy Inc. (NYSE: VEI) announced that its subsidiary, Vine Energy Holdings LLC, has amended its second lien term loan agreement to effectively reduce the amount of future natural gas production that is required to be subject to hedging. Specifically, for the 24-month period following the original closing date, and for the 24-month period following the delivery of either an annual or mid-year reserve report, 70% of expected production from proved developed producing reserves is now required to be hedged. Previously, 70% of total expected production was required to be hedged.
Commenting on the amendment to the Company’s second lien term loan agreement, Chairman, President & CEO Eric Marsh stated, “This amendment meaningfully reduces the required hedging under our credit agreements and aligns the requirements of our reserve-based lending facility with our second lien term loan. While the use of derivatives to manage commodity price exposure will remain an important part of our strategy, we now have greater flexibility to manage our business in better alignment with our improved capital structure post our initial public offering this past March. We would like to thank our second lien term loan lenders for working with us on this amendment.”
About Vine Energy Inc.
Vine Energy Inc., based in Plano, Texas, is an energy company focused on the development of natural gas properties in the stacked Haynesville and Mid-Bossier shale plays in the Haynesville Basin of Northwest Louisiana. The Company is listed on the New York Stock Exchange under the symbol “VEI”.
David Erdman
(469) 605-2480
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Companies to Accelerate Technology Innovation & Strategic M&A Investments Needed to Optimize Operations, Improve Visibility & Control Across the Global Supply Chain
MENLO PARK, Calif. & OAKLAND, Calif.--(BUSINESS WIRE)--#acquisition--Navis, the provider of operational technologies and services that unlock greater performance and efficiency for leading organizations throughout the global cargo handling industry, today announced that leading technology investment firm Accel-KKR has completed the acquisition of Navis LLC with all business units and employees transferred by the end of 2021. The acquisition was first announced in March 2021.
The acquisition comes at a time of unprecedented demand for optimized operating solutions among terminal, vessel, carrier and inland rail freight operators, as well as the urgent call for enhanced visibility and control of cargo flow across the global supply chain. Navis, together with Accel-KKR, is well-positioned to accelerate organic and strategic investments to bring greater efficiency, control and predictability to ocean and landside logistics through advanced technology.
“Weaknesses in our global supply chains have been tested during this pandemic and the results have been telling. These disruptions have created more urgency for advanced technology to better plan, execute and optimize cargo movement in order to provide a more predictable delivery experience for all shipping partners,” said Park Durrett, Managing Director of Accel-KKR. “With the addition of Navis to the AKKR portfolio, we’re building on a strong foundation and extending capabilities to deliver greater value and more actionable insights for supply chain stakeholders.”
Together, Accel-KKR and Navis will focus on continued expansion of existing solutions to provide greater customer value through:
“The acquisition marks a thrilling new chapter for the entire Navis team and our customers we proudly serve around the world,” said Benoit de la Tour, President and CEO, Navis. “Accel-KKR’s proven track record in growing supply chain software companies, combined with our market leadership position, will enable us to accelerate innovation and address rapidly-evolving challenges impacting the flow of cargo globally. We’re eager to see what the future holds and what we can accomplish together.”
Accel-KKR’s acquisition, which will complete the transfer of all business units by the end of 2021, includes Navis’ full software portfolio, including N4, Master Terminal and Octopi by Navis terminal operating systems (TOS), Navis Carrier & Vessel Solutions (NCVS), as well as Navis Rail Intermodal TOS and Freight Rail Planning & Scheduling, powered by Biarri Rail. Finally, all current Navis employees will remain with the company, operating under the direction of the existing leadership team, led by Benoit de la Tour.
About Navis, LLC
Navis is a provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the cargo supply chain. Navis combines industry best practices with innovative technology and world-class services, to enable our customers, regardless of cargo type, to maximize performance and reduce risk. Through its holistic approach to operational optimization, Navis customers benefit from improved visibility, velocity and measurable business results. Whether tracking cargo through a terminal, improving vessel safety and cargo capacity, optimizing rail network planning and asset utilization, automating equipment operations, or managing multiple terminals through an integrated, centralized solution, Navis helps all customers streamline operations. www.navis.com.
About Accel-KKR
Accel-KKR is a technology-focused investment firm with over $10 billion in capital commitments. The firm focuses on software and tech-enabled businesses, well-positioned for topline and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value alongside management by leveraging the significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across a wide range of transaction types including private company recapitalizations, divisional carve-outs and going-private transactions. In 2019 and 2020, Inc. named Accel-KKR to “PE 50 – The Best Private Equity Firms for Entrepreneurs”, its annual list of founder-friendly private equity firms. Accel-KKR is headquartered in Menlo Park with offices in Atlanta and London. Visit accel-kkr.com to learn more.
Jennifer Grinold
Navis, LLC
T+1 510 499 7621
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Geena Pickering
Gregory FCA
T+1 212 398 9680
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Collaboration on strategy, design, digital engineering, IT and cloud supports fight against climate change
ZURICH--(BUSINESS WIRE)--Accenture (NYSE: ACN) has developed a digital plant solution for Climeworks that supports the company in removing carbon dioxide (CO2) from the air more efficiently. The digital plant solution is part of a multi-service collaboration between Accenture and Climeworks and spans strategy, design, digital engineering, technology and cloud.
Climeworks, a global leader in direct air capture, offers carbon dioxide removal as a service to companies and individuals. Its newest plant in Iceland, called “Orca,” will capture 4,000 tons of carbon dioxide per year, making it the world's largest climate-positive facility to date. The CO2 is put into underground storage provided by Carbfix, where it will turn into stone in less than two years.
Accenture and Climeworks began working together after leaders of the two companies met on a panel discussion at the World Economic Forum in 2018. By then, Climeworks was well on its way to scaling its technology. Accenture offered to collaborate with the company on the next stages of its growth. A team of Accenture volunteers was formed to help Climeworks, later becoming part of the Accenture Development Partnerships program, which supports organizations working for good to positively impact the world.
“Our vision is to inspire one billion people to remove carbon dioxide from the air,” said Daniel Egger, chief commercial officer, Climeworks. “To bring it to life, we keep strengthening our offering for consumers and corporate clients – and Accenture has been playing a key role.”
Stéphane Piqué, who leads Accenture’s work for Climeworks and Accenture Industry X in Switzerland, said, “We began collaborating with Climeworks because we believe in their mission. It quickly became clear that Accenture could provide value in key areas of this exceptional company. The work we’ve done is a testament to making sustainability our greatest responsibility, and helping clients infuse it across their businesses. We’re looking forward to continuing to contribute to Climeworks’ success – for the next generation and ourselves.”
Accenture is supporting Climeworks’ fight against climate change across the following areas:
About Accenture
Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 569,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at www.accenture.com.
About Climeworks
Climeworks empowers people to reverse climate change by permanently removing carbon dioxide from the air.
One of two things happens to the Climeworks air-captured carbon dioxide: either it is returned to earth, stored safely and permanently away for millions of years, or it is upcycled into climate-friendly products such as carbon-neutral fuels and materials. The Climeworks direct air capture technology runs exclusively on clean energy, and the modular CO2 collectors can be stacked to build machines of any size.
Founded by engineers Christoph Gebald and Jan Wurzbacher, Climeworks strives to inspire 1 billion people to act now and remove carbon dioxide from the air.
Together we can build a climate-positive world. Join us!
Web: https://www.climeworks.com
Twitter: https://twitter.com/Climeworks
Facebook: https://www.facebook.com/climeworks
Instagram: https://www.instagram.com/climeworks_official
LinkedIn: https://www.linkedin.com/company/climeworks
Copyright © 2021 Accenture. All rights reserved. Accenture and its logo are trademarks of Accenture.
This document is produced by consultants at Accenture as general guidance. It is not intended to provide specific advice on your circumstances. If you require advice or further details on any matters referred to, please contact your Accenture representative.
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Accenture provides the information on an “as-is” basis without representation or warranty and accepts no liability for any action or failure to act taken in response to the information contained or referenced in this publication.
Jens R. Derksen
Accenture Industry X
+49 175 5761393
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Climeworks
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The Press Office of the Burlakov family and Lyudmila Burlakova
LONDON--(BUSINESS WIRE)--It is with deep sorrow that the Burlakov family confirms the death of Oleg Burlakov who passed away on 21st June 2021 in Moscow aged 72.
Oleg is survived by his wife Lyudmila and two daughters Veronica and Elena. The family are mourning his loss and ask for privacy at this very difficult time.
It is the family’s sincere wish that an independent international expert establish the circumstances surrounding his death after what is believed to be a brief battle with COVID 19.
Oleg was a Russian businessman best known as the owner and visionary behind the Black Pearl, a trailblazing eco-sailing yacht which he commissioned in 2010.
Konstantin Dobrynin, a lawyer for Oleg Burlakov’s wife and daughters, a former senator, made the following statement:
“Like every family, at a moment like this, Lyudmila Burlakova and her daughters, Elena and Veronica wish to be allowed to commence the grieving process for their husband and father Oleg Burlakov. They call on all extended family members and associates of the deceased to respect his memory.”
Media enquiries for the Burlakov family
Tancredi Intelligent Communication
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Konstantin Dobrynin
~Acquires Minnesota Based Nisswa Marine~
~Further Strengthens Storage and Service Offerings~
CLEARWATER, Fla.--(BUSINESS WIRE)--MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat and yacht retailer, today announced the acquisition of Nisswa Marine (Nisswa), a full-service Midwest dealer located in Nisswa, Minnesota. Nisswa generated revenue of over $35 million in 2020. The acquisition is expected to be accretive in its first full year.
Founded in the 1930’s, Nisswa Marine is one of the oldest dealers in the country. Lead by Brent, Jeremy and Steve Wiczek, Nisswa Marine offers premium brands, including Mastercraft, Supra, Moomba, Chris Craft and Premier Pontoons. Providing storage for almost 1,000 boats annually, the business has built an exceptional reputation for its extensive service and storage operations. The Nisswa leadership team will continue to operate the business.
W. Brett McGill, Chief Executive Officer and President of MarineMax stated, "We have had a great relationship with the Wiczek Family and Nisswa Marine for many years. Our cultures share similar core values and passion for our customers and the boating lifestyle. This strategic acquisition further enhances our ability to serve the Minnesota area, while expanding our margins through their expansive storage operation. We are excited that the Wiczek family and their management team will continue to lead Nisswa’s future growth.”
Brent J. Wiczek, President of Nisswa Marine, stated, “We have worked closely with MarineMax for many years. This combination will be beneficial for our mutual customers in Minnesota and the Nisswa Team. We are excited about continuing to drive the expansion of our business with the extensive resources of MarineMax.”
About MarineMax
MarineMax is the world’s largest recreational boat and yacht retailer, selling new and used recreational boats, yachts and related marine products and services, as well as providing yacht brokerage and charter services. MarineMax has over 100 locations worldwide, including 77 retail dealership locations, including 30 marinas or storage operations. Through Fraser Yachts and Northrop and Johnson, it is also the largest super-yacht services provider, operating locations across the globe. MarineMax provides finance and insurance services through wholly owned subsidiaries and operates MarineMax Vacations in Tortola, British Virgin Islands. The Company also operates Boatyard, a pioneering digital platform that enhances the boating experience. MarineMax is a New York Stock Exchange-listed company (NYSE:HZO). For more information, please visit www.marinemax.com.
Forward Looking Statement
Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include Nisswa Marine's shareholders remaining as operators after the closing; this acquisition enhancing the Company's ability to serve its customers in the Minnesota area, while expanding its gross margins; the future growth of Nisswa; the benefits of this transaction to customers and the Nisswa team; and the expansion of Nisswa's business. These statements are based on current expectations, forecasts, risks, uncertainties and assumptions that may cause actual results to differ materially from expectations as of the date of this release. These risks, assumptions and uncertainties include the Company’s abilities to reduce inventory, manage expenses and accomplish its goals and strategies, the quality of the new product offerings from the Company’s manufacturing partners, the impacts (direct and indirect) of COVID-19 on the Company’s business, the Company’s employees, the Company’s manufacturing partners, and the overall economy, general economic conditions, as well as those within our industry, the level of consumer spending, the Company’s ability to integrate acquisitions into existing operations, and numerous other factors identified in the Company’s Form 10-K for the fiscal year ended September 30, 2020 and other filings with the Securities and Exchange Commission. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Michael H. McLamb
Chief Financial Officer
727-531-1700
Media:
Abbey Heimensen
MarineMax, Inc.
Investors:
Brad Cohen or Dawn Francfort
ICR, LLC
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ION Energy’s advanced electronics and software platforms can support Amazon’s commitment to meeting The Climate Pledge, a commitment to be net-zero carbon by 2040
MUMBAI, India--(BUSINESS WIRE)--#AllElectricFuture--ION Energy, an energy-tech startup building advanced electronics and software platforms for new energy enterprises, today announced it has raised $3.6 million in Pre-Series A funding. The round was raised from Amazon’s Climate Pledge Fund and joined by Silicon Valley-based Climate Capital, early-stage investor YourNest Venture Capital, Riso Capital, Venture Catalysts, and other angel investors. The funds will be used to grow the ION team to 125+ (currently 70), invest in product development, and expand the software business in North America and Europe.
As part of the round, Anup Menon, Head of Strategy & Emerging Technology at Bank of America will join ION’s Board of Directors.
“Globally, we believe 2021 will be the inflection point for the new energy transition as both companies and governments come together towards reducing carbon emissions. At ION, we’re confident that advanced electronics and software that help enterprises accelerate this transition will become mission-critical to meet our goals of a zero-carbon future,” said Akhil Aryan, Co-founder and CEO of ION Energy.
Founded in 2016, the five-year-old startup is headquartered in India, with operations in France and the U.S. ION’s flagship offering is a smart battery management platform (BMS) that leverages proprietary algorithms to improve battery life and performance. The BMSs are typically sold as a product or a technology license to original equipment manufacturers (OEMs) that are developing lithium-ion batteries and/or electric vehicles.
Today, the company works with more than 75 customers in the mobility and energy industry across 15 countries, including India, France, Spain and the U.S. Most recently, ION announced its partnership with Spanish Electric Scooter startup, Ray Electric Motors. To date, ION’s customers have deployed 60,000 smart BMS in electric vehicles and stationary storage systems.
In 2019 with the increase in deployments, the company recognized the need for a dedicated battery analytics software and launched Altergo (previously Edison Analytics). Altergo is currently focused on helping owners and operators of battery fleets improve the operational efficiency of their assets post-deployment. Last year, leading U.S. energy storage developer, esVolta announced it is deploying Altergo across its entire portfolio of battery storage systems, totaling to 581MWh.
“As we continue to identify visionary companies whose products and solutions will facilitate the transition to a low-carbon economy, we’re proud to invest in ION Energy, our first investment in India through the $2 billion Climate Pledge Fund,” said Kara Hurst, vice president and head of Worldwide Sustainability at Amazon. “We are inspired by ION’s mission to build technologies that improve the life and performance of lithium-ion batteries that power electric vehicles and energy storage systems, ultimately scaling solutions that help us all achieve our ambitious climate goals.”
Amazon launched The Climate Pledge Fund in 2020, a $2 billion fund to support companies developing sustainable technologies for a zero-carbon future. To date, Amazon has invested in visionary companies across industries including BETA Technologies, CarbonCure Technologies, Infinium, Pachama, Redwood Materials, Rivian, TurnTide, ZeroAvia, and now ION Energy.
This round of investment will enable ION to serve the customers that are in its $15M+ order pipeline and invest into growing the SaaS business exponentially.
About ION Energy
Founded in 2016, ION Energy’s mission is to Accelerate the Earth's transition to an All-Electric Future. The company builds advanced electronics & software platforms for new energy companies. The company’s flagship product is their Battery Management System (BMS), which enables OEMs/Battery Pack Makers to deploy smart battery systems.
ION supplies to 75+ OEMs across 15 countries including India, France, Spain and the US. Since its inception, it has deployed over 60,000 smart BMS in electric vehicles and stationary storage systems.
In 2019, ION launched Altergo (previously called Edison Analytics), a digital twin platform for battery intelligence. Altergo now manages 700+ MWh of battery storage in the cloud.
For more information, visit www.ionenergy.co.
Jeet Jhaveri,
Chief of Staff, ION Energy
+91 98201 02272
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SHEFFIELD, England--(BUSINESS WIRE)--#cbm--Every year 40 billion litres of lubrication oil is used to keep most machines running efficiently and reliably - from manufacturing, ships, planes and cranes to robots, generators, wind-turbines, trucks and cars - even electric cars. However, a new study shows that most lubrication oil is changed when it still has 30% life left, which means 12 billion litres of oil are needlessly consumed and discarded every year.
This is a huge hidden cost – both an environmental cost equivalent to 35.7 million tons of CO2 (or the equivalent of removing 1.5 million cars from the road) and a financial cost of $120 billion just in oil every year. New technology in the form of a small sensor enables oil quality to be accurately analysed in real-time and the perfect change point identified, thus enabling an instant and easy 30% reduction in use and waste.
New long-life oils are contributing towards reducing annual use, however, unless they are used to the full extent of their life, 30% of these oils are still wasted due to fixed time scheduled maintenance, rather than a schedule based upon actual need. Until now the only reliable way to know the real condition of oil in machinery was expensive sampling and lab analysis, as such 99.9% of equipment has oil changed based upon time schedules, resulting in 30% waste.
A new oil analysis sensor technology from Tan Delta Systems in the UK enables a tiny, low cost, sensor to be fitted to any equipment to analyse oil quality in real-time and tell the user exactly when the oil needs changing, thus enabling the full life of oil to be used without any risk to equipment, realising significant reductions in CO2 and cost.
The sensors can be deployed on anything: cars, robots, trucks, wind turbines, ships, planes, generators – even on the pumps and drilling rigs used by the oil industry itself to realise massive carbon reductions. This innovation shows how technology can help make meaningful steps to achieving global and corporate ESG objectives.
Contact Rhianne Prenton (Marketing Manager) at Tan Delta Systems, UK for further information:
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HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced the appointment of Dr. Emily Reichert, Ph.D. to its Board of Directors. Dr. Reichert will also serve as a member of the Nominating, Governance and Sustainability Committee. In connection with Dr. Reichert’s appointment, the Board increased its size to eight directors.
Dr. Reichert currently serves as Chief Executive Officer of Greentown Labs, North America’s largest climate tech startup incubator. She has led the rapid growth of Greentown Labs into a global center for climate tech solutions innovation. Based in Boston, MA, Greentown Labs recently opened its second incubator hub in Houston, TX. Dr. Reichert earned her doctorate in physical chemistry from the University of Wisconsin and Masters of Business Administration from the Massachusetts Institute of Technology – Sloan School of Management where she also served as a Sloan Fellow in Innovation and Global Leadership.
Cris Gaut, FET’s Chairman of the Board, remarked, “I am pleased to welcome Dr. Reichert to FET’s Board as an independent director. Her significant wealth of experience with the development and commercialization of clean technology will have an immediate beneficial impact. FET is focused on the development of energy products and technologies, including those that reduce GHG emissions and support clean energy. Nearly 10% of FET’s revenue currently comes from non-oil and gas related products, and we are committed to expanding our strategic focus on sustainable and new energy products and technologies. Dr. Reichert’s appointment will accelerate this strategic market expansion for FET.”
Dr. Reichert stated, “FET’s leadership recognizes both the challenge and opportunity to be seized in the global energy transition that is already underway. I join FET’s Board of Directors to help demonstrate that companies serving the traditional energy industry can profitably transition to a decarbonized future. As founding CEO of Greentown Labs, I am excited to share my experience and insights from a decade of supporting entrepreneurs drive clean energy solutions to market.”
FET (Forum Energy Technologies) is a global company, serving the oil, natural gas, industrial and renewable energy industries. FET provides value added solutions that increase the safety and efficiency of energy exploration and production. We are an environmentally and socially responsible company headquartered in Houston, TX with manufacturing, distribution and service facilities strategically located throughout the world. For more information, please visit www.f-e-t.com.
Lyle Williams
Executive Vice President and Chief Financial Officer
713.351.7920
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Upgrade was part of modernization effort to develop and maintain state-of-the-art terminals
OAKLAND, Calif.--(BUSINESS WIRE)--Navis, the provider of operational technologies and services that unlock greater performance and efficiency for leading organizations throughout the global shipping industry, announced today that Sri Lanka Port Authority (SLPA) has gone live with Navis N4 at its Colombo Port as part of its modernizations efforts to remain competitive in the industry and optimize operations for efficiency at the port.
SLPA’s Colombo Port is a growing shipping hub in the South Asia Region, acting as a gateway for cargo to Europe, East and South Asia, the Persian Gulf, and East Africa. The transshipment port operates at 2.5 million TEU annually, and was developed to accommodate deep water berths and the latest mainline vessels. As its business was growing, SLPA’s Colombo Port needed an advanced TOS to update its offerings and aid in its business goals of modernizing the facility to ensure enhanced safety, efficiency and productivity at its location.
The Steering Committee at SLPA noted, “Working with Navis on the implementation of N4 at Colombo Port has been a collaborative effort from Access International, Navis & SLPA teams. When COVID hit last year, the organizations showed dedication to execute the project from start to finish despite the challenges brought on by the pandemic. We are thrilled to be running with N4 so we can provide the best possible service to our customers through new and automated processes which will help optimize our operations at the port.”
“One of our goals at Navis is to keep cargo flowing for our customers, and we are glad to have worked with SLPA to ensure that their team was able to implement N4 successfully during a challenging time for the industry,” said Charles Gerard, VP & General Manager, Asia-Pacific at Navis. “We are looking forward to helping them reach their business goals through our innovative solutions and hope to be an asset to them as their business scales.”
To learn more about Navis visit, www.navis.com.
About Navis, LLC
Navis, a part of Cargotec Corporation, is a provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the cargo supply chain. Navis combines industry best practices with innovative technology and world-class services, to enable our customers, regardless of cargo type, to maximize performance and reduce risk. Through its holistic approach to operational optimization, Navis customers benefit from improved visibility, velocity and measurable business results. Whether tracking cargo through a terminal, improving vessel safety and cargo capacity, optimizing rail network planning and asset utilization, automating equipment operations, or managing multiple terminals through an integrated, centralized solution, Navis helps all customers streamline operations. www.navis.com
About Cargotec Corporation
Cargotec (Nasdaq Helsinki: CGCBV) enables smarter cargo flow for a better everyday with its leading cargo handling solutions and services. Cargotec's business areas Kalmar, Hiab and MacGregor are pioneers in their fields. Through their unique position in ports, at sea and on roads, they optimise global cargo flows and create sustainable customer value. Cargotec has signed United Nations Global Compact’s Business Ambition for 1.5°C. The company’s sales in 2020 totalled approximately EUR 3.3 billion and it employs around 11,500 people. www.cargotec.com
Jennifer Grinold
Navis, LLC
T+1 510 499 7621
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Geena Pickering
Gregory FCA
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Development continues to expand into the goods delivery sector with fleets for food delivery, trucks for long-haul freight deliveries, and robotaxi services
BOULDER, Colo.--(BUSINESS WIRE)--#ADV--A new report from Guidehouse Insights examines the size of global and regional markets for light duty consumer and commercial vehicles with highly automated driving capabilities, providing global market forecasts through 2030.
Despite the challenges posed by the COVID-19 pandemic in 2020, the automated driving (AD) sector made slow but steady progress toward commercialization. While there are still no broad deployments of automated vehicles (AVs) anywhere in the world, the number of pilot programs has continued to grow. According to a new report from Guidehouse Insights, automated vehicle deployments for passengers and goods delivery are expected to near 14 million by 2030.
“Most of the pilot deployments of AVs were disrupted to varying degrees as a result of the 2020 pandemic; however, development work continued largely unabated with more emphasis on simulation,” says Sam Abuelsamid, principal research analyst with Guidehouse Insights. “Most AV companies made changes to processes and vehicles to ensure the health and safety of the operators testing the vehicles and any passengers riding in the vehicles.”
During the pandemic, several companies moved into the goods delivery sector. Some used fleets to make food deliveries while others expanded trucking development or launched public robotaxi pilots. However, continued consolidation of the market in the coming decade is expected as many startups that sprouted in recent years have not survived this period.
The report, Market Data: Automated Vehicles, provides projections of the size of global and regional markets for light duty consumer and commercial vehicles with highly automated driving capabilities. Baseline, conservative, and aggressive scenarios for market deployment are included, as well as market splits among consumer, robotaxi, and goods delivery vehicles through 2030. Baseline forecasts for partial AVs are also included. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
About Guidehouse
Guidehouse is a leading global provider of consulting services to the public and commercial markets with broad capabilities in management, technology, and risk consulting. We help clients address their toughest challenges and navigate significant regulatory pressures with a focus on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that prepare our clients for future growth and success. The company has more than 10,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit: www.guidehouse.com.
* The information contained in this press release concerning the report, Market Data: Automated Vehicles, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
Lindsay Funicello-Paul
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“Quantifying the Invisible” - Accelerating the Commercial Adoption of Accurate Greenhouse Gas Emissions Detection and Quantification.
AUSTIN, Texas--(BUSINESS WIRE)--SeekOps Inc., a Texas-based technology company, announced the closing of its Series B funding. SeekOps provides best-in-class sensors and actionable analytics to support both traditional and renewable energy sectors in their decarbonization efforts, delivering reliable, timely and accurate methane Leak Detection and Quantification (LDAQTM), facilitating increased ESG reporting transparency, and enabling verification for Responsibly Sourced Gas certification standards.
The funding round was led by Schlumberger, with the support of existing investors Equinor Ventures and OGCI Climate Investments (OGCI CI), and new investor Caterpillar Venture Capital Inc. (CVCI).
Iain Cooper, SeekOps CEO said, “The funding and strategic alignment with our new investors, Schlumberger and CVCI, and the continued backing of our initial investors, Equinor and OGCI CI, enables us to not only assist our investors in their decarbonization initiatives, but with their support, scale our services onshore and offshore directly with customers via our global drone service partners, and enable the energy industry to cost-effectively assess its progress to net-zero.”
“Reducing greenhouse gas emissions, and methane in particular, is an imperative for our industry. It demands solutions that deliver more precise methods of emissions detection and measurement,” said Kahina Abdeli-Galinier, Emissions Management Business Director, Schlumberger. “Our participation in SeekOps will accelerate the deployment of sensitive and accurate measurement techniques.”
“We are pleased to support SeekOps’ unique offering that can measure emissions from both onshore and offshore operations,” said Pratima Rangarajan, CEO of OGCI Climate Investments. “The transparency created by accurate methods for detection, localisation, and quantification is essential to reducing emissions.”
Equinor, a member company of OGCI CI, has been an early adopter of SeekOps technology since 2017. “Equinor is excited about the company’s expansion and continues to support its growth. We have been very pleased by their recent offshore quantification surveys for us in the North Sea,” said Gareth Burns, Vice President of Equinor Ventures.
About SeekOps
SeekOps globally deploys its industry-leading sensor technology with enterprise-grade drones to provide field-proven measurement systems for methane Leak Detection and Quantification (LDAQTM), through repeatable, consistent and cost-effective automated workflows. For more information, please visit www.seekops.com
About Schlumberger
Schlumberger (SLB: NYSE) is a technology company that partners with customers to access energy. Our people, representing over 160 nationalities, are providing leading digital solutions and deploying innovative technologies to enable performance and sustainability for the global energy industry. With expertise in more than 120 countries, we collaborate to create technology that unlocks access to energy for the benefit of all.
About Caterpillar Ventures
Caterpillar Venture Capital Inc. assists entrepreneurs around the world to grow and scale their businesses to build today for a better tomorrow by leveraging Caterpillar's industry expertise, supply base and independent dealer network. Caterpillar Venture Capital’s focus areas of investment include robotics, energy, advanced materials, and digital solutions that help its customers be successful. Caterpillar Venture Capital is a wholly owned subsidiary of Caterpillar Inc., the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For more information, visit https://www.caterpillar.com/ventures.
About OGCI Climate Investments
OGCI Climate Investments LLP is a $1+ billion fund investing in technologies and business models which lower the carbon footprint of the energy and industrial sectors and their value chains. The Fund was created by the CEOs of the Oil and Gas Climate Initiative to take practical action on climate change. We invest in innovative companies that are ready to be commercialized. We collaborate with global co-investors and industrials to achieve speed and scale. For more information, please visit: www.oilandgasclimateinitiative.com
About Equinor Ventures
Equinor Ventures supports small and medium enterprises (SMEs) with exciting new technologies in oil and energy – and in turn, helping Equinor be the world’s most carbon-efficient oil and gas producer with a developing renewable business. For more information, please visit: https://www.equinor.com/en/what-we-do/equinor-ventures.html
SeekOps Inc.
Paul Khuri
VP Business Development
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www.seekops.com
Releases energy from hundreds of battery storage systems across North America during critical period peak events in June
Contributes to emergency grid capacity as leading demand response and grid services provider
MILLBRAE, Calif.--(BUSINESS WIRE)--#STEM--Stem, Inc. (“Stem” or “the Company”), a global leader in artificial intelligence (AI)-driven energy storage services, today announced that the Company dispatched its portfolio of more than 500 megawatt-hours (MWh) enrolled in demand response and grid services programs during heat waves in the United States and Canada throughout the month of June. In that time, Stem’s Athena® software responded to almost 4,000 site events across 10 different utility programs and more than 400 customer sites in California, Massachusetts, New York and Ontario, Canada.
During California’s statewide record-setting heat wave during the week of June 14, 2021, Stem dispatched its portfolio of operating energy storage systems in response to California Governor Gavin Newsom’s Extreme Heat Event and Flex Alerts from California Independent System Operator (California ISO), the nonprofit that manages the state’s power grid.
At the same time, as the East Coast of the United States and Ontario experienced heat related events, Athena® dispatched energy storage systems in wholesale markets and utility programs to help eastern utilities and grid operators maintain system stability.
An increase in energy demand during heat waves can create significant stress on the electrical grid. Stem’s Athena® intelligent software automatically operates energy storage systems to reduce customers’ energy costs and instantly responds to signals received from the grid operators to dispatch available capacity when and where it is urgently needed. This helps to stabilize the grid by flattening electricity usage peaks and delivering power to the most constrained parts of the grid. Athena® co-optimizes the value of flexible energy in real time, incorporating dynamic conditions such as energy prices, local grid capacity constraints, tariff-based program events and severe weather conditions. The Company’s technology provides fast-response and backup power while reducing greenhouse gas (GHG) emissions and reliance on diesel generators and fossil fuels.
“Utilities across the country continue to see the value of Stem’s demand response and grid services, allowing them to call for demand reduction without impacting customer operations,” said Julie Steury, Vice President of Program Operations at Stem. “This is accomplished through use of our virtual power plants. We are prepared to continue to support grid operators and retail utilities in reducing power outages in the coming summer months.”
Stem was the first energy storage provider to launch and integrate a battery storage virtual power plant (VPP) into California wholesale markets as a demand response resource. Today, Stem has more than 950 systems representing about 1.1 gigawatt-hours (GWh) contracted or operating in more than 75 jurisdictions.
About Stem, Inc.
Stem, Inc. (NYSE: STEM) provides solutions that address the challenges of today’s dynamic energy market. By combining advanced energy storage solutions with Athena®, a world-class AI-powered analytics platform, Stem enables customers and partners to optimize energy use by automatically switching between battery power, onsite generation and grid power. Stem’s solutions help enterprise customers benefit from a clean, adaptive energy infrastructure and achieve a wide variety of goals, including expense reduction, resilience, sustainability, environmental and corporate responsibility and innovation. Stem also offers full support for solar partners interested in adding storage to standalone, community or commercial solar projects – both behind and in front of the meter. For more information, visit www.stem.com.
Cautionary Statement regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the U.S. Federal securities laws — that is, statements about the future, not about past events. Such statements often contain words such as “expect,” “may,” “believe,” “plan,” “estimate,” “intend,” “anticipate,” “should,” “could,” “will,” “see,” “likely,” and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as statements about the reduction of greenhouse gas (“GHG”) emissions; the integration and optimization of energy resources; the business strategies of Stem and those of its customers; the global commitment to decarbonization; and future results of operations. Such forward-looking statements are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon assumptions and estimates that, while considered reasonable by Stem and its management, depend upon inherently uncertain factors and risks that may cause actual results to differ materially from current expectations, including our inability to help reduce GHG emissions; our inability to seamlessly integrate and optimize energy resources; our inability to achieve our financial and performance targets and other forecasts and expectations; our inability to recognize the anticipated benefits of our recent business combination with Star Peak Energy Transition Corp. (“Star Peak”); our ability to grow and manage growth profitably; risks relating to the development and performance of our energy storage systems and software-enabled services; the risk that the global commitment to decarbonization may not materialize as we predict, or even if it does, that we might not be able to benefit therefrom; our inability to secure sufficient inventory from our suppliers to meet customer demand, and provide us with contracted quantities of equipment; the risk that our business, financial condition and results of operations may be adversely affected by other political, economic, business and competitive factors; and other risks and uncertainties set forth in the section entitled “Risk Factors” in the definitive proxy statement relating to the business combination filed by Star Peak on March 30, 2021 and other documents we file with the SEC in the future. If one or more of these or other risks or uncertainties materialize (or the consequences of any such development changes), or should our underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. The forward-looking statements speak only as of the date of the press release, and Stem disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.
Stem Investor Contacts
Ted Durbin, Stem
Marc Silverberg, ICR
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Stem Media Contacts
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DUBLIN--(BUSINESS WIRE)--The "Industrial Electric Detonators Global Market Insights 2021, Analysis and Forecast to 2026, by Manufacturers, Regions, Technology, Application" report has been added to ResearchAndMarkets.com's offering.
This report describes the global market size of Industrial Electric Detonators from 2016 to 2020 and its CAGR from 2016 to 2020, and also forecasts its market size to the end of 2026 and its CAGR from 2021 to 2026.
For the geography segment, regional supply, demand, major players, price is presented from 2016 to 2026.
This report covers the following regions:
The key countries for each regions are also included such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil, etc.
For the competitor segment, the report includes global key players of Industrial Electric Detonators as well as some small players.
The information for each competitor includes:
Applications Segment:
Companies Covered:
Key Topics Covered:
Chapter 1 Executive Summary
Chapter 2 Abbreviation and Acronyms
Chapter 3 Preface
3.1 Research Scope
3.2 Research Sources
3.2.1 Data Sources
3.2.2 Assumptions
3.3 Research Method
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End-users
Chapter 5 Market Trend Analysis
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
Chapter 6 Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Industrial Electric Detonators Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End-users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Trading Analysis
8.1 Export of Industrial Electric Detonators by Region
8.2 Import of Industrial Electric Detonators by Region
8.3 Balance of Trade
Chapter 9 Historical and Forecast Industrial Electric Detonators Market in North America (2016-2026)
Chapter 10 Historical and Forecast Industrial Electric Detonators Market in South America (2016-2026)
Chapter 11 Historical and Forecast Industrial Electric Detonators Market in Asia & Pacific (2016-2026)
Chapter 12 Historical and Forecast Industrial Electric Detonators Market in Europe (2016-2026)
Chapter 13 Historical and Forecast Industrial Electric Detonators Market in MEA (2016-2026)
Chapter 14 Summary for Global Industrial Electric Detonators Market (2016-2021)
14.1 Industrial Electric Detonators Market Size
14.2 Industrial Electric Detonators Demand by End Use
14.3 Competition by Players/Suppliers
14.4 Type Segmentation and Price
Chapter 15 Global Industrial Electric Detonators Market Forecast (2021-2026)
15.1 Industrial Electric Detonators Market Size Forecast
15.2 Industrial Electric Detonators Demand Forecast
15.3 Competition by Players/Suppliers
15.4 Type Segmentation and Price Forecast
Chapter 16 Analysis of Global Key Vendors
For more information about this report visit https://www.researchandmarkets.com/r/uc7vk8
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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HOUSTON--(BUSINESS WIRE)--Halliburton (NYSE: HAL) announced today that it will redeem the entire outstanding principal amount of its 3.25% Senior Notes due 2021 (the “Notes”). The redemption date for the Notes is August 15, 2021. The aggregate principal amount of the Notes outstanding is $500 million. The redemption price for the Notes will consist of 100% of the principal amount of the Notes outstanding, plus accrued and unpaid interest on the Notes, if any, up to, but excluding, the redemption date. Halliburton plans to use cash on hand to fund the redemption of the Notes.
A notice of redemption is being sent to all currently registered holders of the Notes by the Trustee, The Bank of New York Mellon Trust Company, N.A.
This press release is not an offer to sell or a solicitation of an offer to buy any securities.
FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements that involve risks and uncertainties. Factors that could cause actual results to differ materially from those expressed or implied by the forward-looking statements in this press release are discussed in our Annual Report on Form 10-K for the year ended December 31, 2020. Halliburton undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
ABOUT HALLIBURTON
Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. With more than 40,000 employees, representing 130 nationalities in more than 70 countries, the company helps its customers maximize value throughout the lifecycle of the reservoir – from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the asset. Visit the Company’s website at www.halliburton.com. Connect with Halliburton on Facebook, Twitter, LinkedIn, Instagram and YouTube.
For Investors:
Abu Zeya
Investor Relations
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281-871-2688
For News Media:
Emily Mir
External Affairs
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281-871-2601
Arcimoto will debut the first production Roadster, showcase advanced technology demonstrations, and host test drives on the historic raceway.
The Summer Showcase is open to Arcimoto shareholders, media, analysts, owners, enthusiasts, planet-lovers, and pre-order customers by request.
EUGENE, Ore.--(BUSINESS WIRE)--Arcimoto, Inc.® (NASDAQ: FUV), makers of fun, affordable, and ultra-efficient electric vehicles for everyday drivers and fleets, today reminded investors they are invited to attend the 2021 FUV and Friends Summer Showcase at the Portland International Raceway on July 26. The Summer Showcase will be open to Arcimoto shareholders, media, analysts, owners, and pre-order customers by request. To request a ticket, send an email to This email address is being protected from spambots. You need JavaScript enabled to view it..
“This is a red alert for not only our investors, but for all life on earth: the climate is in trouble, and it’s up to all of us to come together to solve the existential threat of our time,” said Mark Frohnmayer, Arcimoto Founder and CEO. “We welcome you to join us at PIR to experience our EVs on Oregon’s iconic raceway, and to learn more about a shared vision for the future of equitable, ubiquitous, rightsized transportation. We have huge problems to solve, but no one ever said solving them shouldn’t be incredibly fun.”
Arcimoto plans to debut the Roadster, designed to be the ultimate electric on-road fun machine, and the newest EV to be built on the modular Arcimoto Platform. The company will also outline its vision for shared, rightsized electric vehicles, followed by live technology demonstrations. FUVs and Tilting Motor Works trikes will be available to ride on the historic raceway.
For the latest company updates, follow Arcimoto on YouTube, Facebook, Instagram, Twitter, and LinkedIn. A replay of the Company’s latest quarterly earnings webinar can be viewed here. For more information, visit Arcimoto.com.
About Arcimoto, Inc.
Arcimoto (NASDAQ: FUV) develops and manufactures ultra-efficient and affordable electric vehicles to help the world shift to a sustainable transportation system. Now available to preorder customers in California, Oregon, Washington, and Florida, the Arcimoto FUV® is purpose-built for everyday driving, transforming ordinary trips into pure-electric joyrides. Available for preorder, the Deliverator® and Rapid Responder™ provide last-mile delivery and emergency response functionality, respectively, at a fraction of the cost and environmental impact of traditional gas-powered vehicles. Two additional concept prototypes built on the versatile Arcimoto platform are currently in development: the Cameo™, aimed at the film and influencer industry; and the Roadster, designed to be the ultimate on-road fun machine. Every Arcimoto vehicle is built at the Arcimoto Manufacturing Plant in Eugene, Oregon. For more information, please visit Arcimoto.com.
Safe Harbor / Forward-Looking Statements
Except for historical information, all of the statements, expectations, and assumptions contained in this press release are forward-looking statements. Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict and include, without limitation, our expectations as to vehicle deliveries, the establishment of our service and delivery network and our expected rate of production. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in the forward-looking statements due to numerous factors discussed from time to time in documents which we file with the SEC. In addition, such statements could be affected by risks and uncertainties related to, among other things: our ability to manage the distribution channels for our products, including our ability to successfully implement our rental strategy, direct to consumer distribution strategy and any additional distribution strategies we may deem appropriate; our ability to design, manufacture and market vehicle models within projected timeframes given that a vehicle consists of several thousand unique items and we can only go as fast as the slowest item; our inexperience to date in manufacturing vehicles at the high volumes that we anticipate; our ability to maintain quality control over our vehicles and avoid material vehicle recalls; the number of reservations and cancellations for our vehicles and our ability to deliver on those reservations; unforeseen or recurring operational problems at our facility, or a catastrophic loss of our manufacturing facility; our dependence on our suppliers; changes in consumer demand for, and acceptance of, our products: changes in the competitive environment, including adoption of technologies and products that compete with our products; the overall strength and stability of general economic conditions and of the automotive industry more specifically; changes in laws or regulations governing our business and operations; costs and risks associated with potential litigation; and other risks described from time to time in periodic and current reports that we file with the SEC. Any forward-looking statements speak only as of the date on which they are made, and except as may be required under applicable securities laws, we do not undertake any obligation to update any forward-looking statements.
Public Relations Contact:
Megan Kathman
(651) 785-3212
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LAHTI, Finland--(BUSINESS WIRE)--#AnttiKemppi--Kemppi Group Oy, the owner of Kempower Oy, acquires a business property managed by S-Bank Properties, including 10 300 m2 of factory space. The new facility will enable Kempower to scale up production by approximately 500% compared to its current capacity. Kempower will gradually ramp up production in 2021-2022.
Kempower, a leading e-mobility charging technology provider in the Nordics, responds to the rapidly growing e-mobility market demand by scaling up production gradually by the end of 2022. Kemppi Group Oy, the owner of Kempower Oy, acquires a business property including 10 300 m2 of factory space. The business property includes extensive unused building right to further expand production in the future. The seller in the transaction is the insurance group Fennia, for which S-Bank's subsidiary S-Bank Properties Ltd provides real estate portfolio management and administration services.
The factory, originally built in 2007 and expanded in 2020, is located in Rälssinkatu 1, Lahti, Finland, with excellent transport connections. Kemppi Group will lease the factory to Kempower. The new facility will enable Kempower to expand its production by approximately 500% compared to the current capacity. Kempower’s production will be scaled up for the second time in a short time: at the beginning of 2021, Kempower increased its production by five times from the 2020 level.
“As Kempower’s owners, we are very committed to the company. Kempower has a lot of growth potential and the international EV charging market has reacted positively to Kempower’s DC charging offering. With this investment, we want to ensure Kempower’s ability to respond to the market demand”, states Antti Kemppi, Chairman of the Board of Kemppi Group & Kempower.
”We are particularly pleased to be able to continue the life of this valuable business property and to provide new jobs in the Lahti region”, Antti Kemppi adds.
“It’s great that this well-kept property found a new home. I believe that the site's modern production facilities offer a great platform to develop business in the future” says Harri Oravainen, Real Estate Investment Director, S-Bank Properties.
“Our aim is to be the preferred partner in the world in developing emission-free business. Our ultimate goal is to create an EV charging infrastructure so extensive and reliable, that the electric vehicles can and will be the new reality. With the new facility, we are able to support our customers in developing emission-free business even faster than before”, states Tomi Ristimäki, CEO, Kempower.
“In the new facility, Kempower will have all the essential functions in one location, including production, R&D, laboratory, testing and offices. The new facility will allow us to be efficient and agile as all the teams will be working seamlessly under one roof”, says Tomi Ristimäki, CEO, Kempower.
The preparations for Kempower’s new facility will start immediately. To ensure customer deliveries, Kempower will gradually ramp up production in 2021-2022. All company functions will be moved to the new location by the end of 2022.
Catella Asset Management acted as Kemppi Groups’ buyside advisor and HPP Attorneys as legal advisors on the transaction.
Kempower designs and manufactures DC fast charging solutions for electric vehicles and machines operating in the most demanding conditions. We are a largescale charging system supplier, aiming for a smoothly running electric mobility infrastructure. With 70 years of experience in perfecting power sources, we set the bar high in engineering and user-experience design. Over 90% of our materials & components are sourced from Finland. Kempower DC charging solutions are designed and manufactured in Lahti, Finland, and available globally. www.kempower.com
For more information, please contact:
Tomi Ristimäki
CEO
Kempower Oy
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+358 44 289 9815
Kempower media contacts
Paula Savonen
Marketing & Communications manager
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+358 400 343 851
TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) today announced it has completed its acquisition of Sequent Energy Management, L.P. and Sequent Energy Canada, Corp. from Southern Company Gas. The acquisition, announced in May, accelerates Williams’ natural gas pipeline and storage optimization and marketing growth and increases Williams’ gas pipeline marketing footprint to over 8 Bcf/d, with expansions into new markets to reach incremental gas-fired power generation, liquified natural gas (LNG) exports and future renewable natural gas (RNG) and other emerging opportunities.
“The addition of Sequent Energy Management, including its talented workforce and industry leading platform, complements the current geographic footprint of our core pipeline transportation and storage business,” said Alan Armstrong, president and chief executive officer of Williams. “As we continue to take a leadership role towards a clean energy future, Williams sees significant opportunity to better source and deliver responsibly produced, low carbon supplies to domestic natural gas and international LNG customers. Sequent’s operational footprint in the U.S. and Canada provides Williams with an enhanced North American perspective of natural gas markets, in turn bolstering the company’s natural gas focused strategy, and I’m excited to welcome the Sequent employees to the Williams family.”
Sequent moves gas to markets through transportation and storage agreements on strategically positioned assets, including along Williams’ Transco system. The company focuses on asset management and the wholesale marketing, trading, storage and transportation of natural gas for a diverse set of natural gas utilities and producers.
About Williams
Williams (NYSE: WMB) is committed to being the leader in providing infrastructure that safely delivers natural gas products to reliably fuel the clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation and storage of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. Williams owns and operates more than 30,000 miles of pipelines system wide – including Transco, the nation’s largest volume and fastest growing pipeline – and handles approximately 30 percent of the natural gas in the United States that is used every day for clean-power generation, heating and industrial use. www.williams.com
Portions of this document may constitute “forward-looking statements” as defined by federal law. Although the company believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the “safe harbor” protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in the company’s annual and quarterly reports filed with the Securities and Exchange Commission.
MEDIA:
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(800) 945-8723
INVESTOR CONTACTS:
Danilo Juvane
(918) 573-4614
Grace Scott
(918) 573-1092
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