DUBLIN--(BUSINESS WIRE)--The "U.S. Residential Solar PV Market Size, Share & Trends Analysis Report by Construction, by State (California, New York, Arizona, New Jersey, Massachusetts, Texas, Rest Of the U.S.), and Segment Forecasts, 2021-2028" report has been added to ResearchAndMarkets.com's offering.
The U.S. residential solar PV market size is expected to reach USD 14.1 billion by 2028, and is expected to expand at a CAGR of 5.6% from 2021 to 2028.
Factors such as rising demand for renewable clean power generation and government policies related to incentives and tax rebates for solar PV (photovoltaic) systems are expected to drive the market over the forecast period. Increasing awareness among people regarding the use of low carbon-intensive technologies to limit carbon footprint is one of the major factors driving the adoption of solar PV systems in the U.S. residential sector.
The rejoining of the U.S. in the Paris Climate Agreement in February 2021 is expected to further boost market growth. Further, the extension of Investment Tax Credit (ITC) for residential solar PV installations at 26% by 2022 and 22% by 2023, is anticipated to boost the growth of the industry over the forecast period.
California is expected to continue to have a dominating market share as compared to other states in the U.S. on account of the presence of supporting policies, plans, and financial incentives for solar PV installation in the residential sector.
In addition, the adoption of the California solar mandate from January 2021 is expected to boost market growth in the state over the coming years. The mandate states that all new residential properties to be constructed in the state should opt for solar PV systems.
The availability of alternative clean power generation technologies in form of wind power and fuel cell systems is expected to hinder the growth of the market.
Increase in research and development activities and the presence of favorable policies and regulations for these power generation sources are factors likely to boost their adoption over the forecast period. These factors are expected to limit the growth of the industry over the forecast period.
U.S. Residential Solar PV Market Report Highlights
Market Dynamics
Market Driver Analysis
Market Restraint Analysis
Market Challenges
Impact Of Covid-19 On U.S. Residential Solar PV Market
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/e5kpar
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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NEW YORK--(BUSINESS WIRE)--Crossbridge Energy Partners (“Crossbridge”) announces it has acquired the former Shell Refinery in Fredericia, Denmark, with the associated Trading & Supply activities, effective as of July 1, 2021.
Crossbridge seeks to acquire, manage, and transform traditional energy assets in the downstream refining sector into net-zero energy assets producing sustainable renewable fuels and products as well as recycling waste into energy.
”Our goal is to transition into having a carbon-neutral impact on the environment while continuing to provide reliable energy to customers and markets we serve," said Nicholas Myerson, Chief Executive Officer of Crossbridge. “We are excited to be leading the solutions for tomorrow's energy needs and believe the Fredericia refinery is well-positioned to be a part of the energy transformation with its experienced employees, proven capabilities of producing sustainable renewable fuels, combined with its world-class logistics, infrastructure, and strategic partnerships.”
The refinery in Fredericia produces approximately 35 percent of the total Danish liquid fuel consumption – and exports an equal amount to Northern Europe – and Crossbridge is already in the process of transforming the refinery, says the newly appointed GM of the refinery, Finn Schousboe:
“Our greener future will be realized through the advancement of processing multiple types of biofuels, co-processing of waste products using proven, environmentally safe techniques, and an excellent collaboration with Everfuel for the establishment of a 300MW electrolyzer at the refinery. We believe strategic collaborations, like that with Everfuel, demonstrate how Crossbridge can be part of the larger solution towards carbon-neutrality for the refinery. We look forward to working with all stakeholders towards developing a better tomorrow.”
The refinery will continue to provide energy security to the greater Jutland and surrounding Danish regions by producing traditional hydrocarbon fuels while reinvesting and further developing the production of sustainable fuels and co-processing projects.
“Engagement with Fredericia and the broader communities we serve is a critical part of our business strategy. We look forward to hosting local business partners, community participants and governmental policy members at our world-class facility,” said Derek Becht, Chief Operating Officer of Crossbridge.
About Crossbridge: Crossbridge is an affiliate of Postlane Capital Partners, which was founded in 2016 and is headquartered in Stamford, U.S., with operating assets located in Houston, Odessa, Fort Wayne, Calgary, Bordeaux, and now in Fredericia and Copenhagen, with the acquisition of A/S Dansk Shell (renamed to Crossbridge Energy Fredericia) through its affiliate company, PL ESG Denmark Co ApS. Postlane Capital Partners owns/operates a portfolio of nearly $1.0 billion in assets (approx. 6 billion Danish kroner).
J. Aron & Company LLC provided working capital management facilities in support of Postlane’s acquisition of A/S Dansk Shell. J. Aron, a subsidiary of The Goldman Sachs Group, is a leading provider of integrated financial and risk management solutions to clients in the commodities markets around the globe.
Hunton Andrews Kurth LLP, Squire Patton Boggs, and Plesner served as legal counsel to Postlane.
Crossbridge Energy Partners
Derek Becht
Telephone: 908-394-1248
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Web: https://crossbridge.dk/en/
NEW YORK--(BUSINESS WIRE)--Moody’s Corporation (NYSE: MCO) today announced its commitment to achieve net-zero emissions across its operations and value chain by 2040, bringing its original target forward by 10 years. The new commitment date aligns with Moody’s published Decarbonization Plan and coincides with its recognition as a 2021 Global Compact LEAD company for its ongoing commitment to the United Nations Global Compact and its Ten Principles for responsible business.
“The global economy is fundamentally realigning due to climate risk, and the transformation will affect us all,” said Rob Fauber, President and Chief Executive Officer of Moody’s Corporation. “Given the urgency of the need to adapt, we are accelerating Moody’s net-zero target, and continue to embed climate risk and sustainability into everything we do.”
By accelerating its net-zero target, Moody’s demonstrates its continued commitment to advancing sustainability. In addition to this new ambition, Moody’s set and progressed on validated, interim net-zero science-based targets to reduce greenhouse gas emissions in its operations and value chain. Progress on these targets can be viewed in Moody’s recent TCFD Report and Stakeholder Sustainability Report. These targets include:
» 50% reduction of Scope 1 and Scope 2 emissions from its operations by 2030;
» 15% reduction in Scope 3 emissions from fuel and energy-related activities, business travel and employee commuting by 2025; and
» 60% of Moody’s suppliers by spend covering purchased goods and services and capital goods to have science-based targets by 2025.
Moody’s climate and other sustainability commitments have contributed to its recognition as a LEAD company by the UN Global Compact. As a LEAD company, Moody’s has been identified as one of the most engaged participants in the world’s largest corporate sustainability initiative. In addition to its corporate commitments, Moody’s product offerings help market participants evaluate and integrate environmental, social, and governance risk considerations into their capital allocation and long-term resilience planning.
Learn more about Moody’s climate efforts and recognition on its Sustainability site.
ABOUT MOODY’S CORPORATION
Moody’s (NYSE: MCO) is a global integrated risk assessment firm that empowers organizations to make better decisions. Its data, analytical solutions and insights help decision-makers identify opportunities and manage the risks of doing business with others. We believe that greater transparency, more informed decisions, and fair access to information open the door to shared progress. With over 11,500 employees in more than 40 countries, Moody’s combines international presence with local expertise and over a century of experience in financial markets. Learn more at moodys.com/about.
“SAFE HARBOR” STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
Certain statements contained in this release are forward-looking statements and are based on future expectations, plans and prospects for the business and operations of Moody’s Corporation (the “Company”) that involve a number of risks and uncertainties. Such statements may include, among other words, “believe,” “expect,” “anticipate,” “intend,” “plan,” “will,” “predict,” “potential,” “continue,” “strategy,” “aspire,” “target,” “forecast,” “project,” “estimate,” “should,” “could,” “may” and similar expressions or words and variations thereof that convey the prospective nature of events or outcomes generally indicative of forward-looking statements. Stockholders and investors are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements and other information in this release are made as of the date hereof and the Company undertakes no obligation (nor does it intend) to publicly supplement, update or revise such statements on a going-forward basis, whether as a result of subsequent developments, changed expectations or otherwise, except as required by applicable law or regulation. In connection with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, the Company is identifying examples of factors, risks and uncertainties that could cause actual results to differ, perhaps materially, from those indicated by these forward-looking statements. Those factors, risks and uncertainties include, but are not limited to, the impact of COVID-19 on volatility in the U.S. and world financial markets, on general economic conditions and GDP in the U.S. and worldwide, and on the Company’s own operations and personnel. Many other factors could cause actual results to differ from Moody’s outlook, including credit market disruptions or economic slowdowns, which could affect the volume of debt and other securities issued in domestic and/or global capital markets; other matters that could affect the volume of debt and other securities issued in domestic and/or global capital markets, including regulation, credit quality concerns, changes in interest rates and other volatility in the financial markets such as that due to Brexit and uncertainty as companies transition away from LIBOR; the level of merger and acquisition activity in the U.S. and abroad; the uncertain effectiveness and possible collateral consequences of U.S. and foreign government actions affecting credit markets, international trade and economic policy, including those related to tariffs, tax agreements and trade barriers; concerns in the marketplace affecting our credibility or otherwise affecting market perceptions of the integrity or utility of independent credit agency ratings; the introduction of competing products or technologies by other companies; pricing pressure from competitors and/or customers; the level of success of new product development and global expansion; the impact of regulation as an NRSRO, the potential for new U.S., state and local legislation and regulations; the potential for increased competition and regulation in the EU and other foreign jurisdictions; exposure to litigation related to Moody’s Investors Service’s rating opinions, as well as any other litigation, government and regulatory proceedings, investigations and inquiries to which the Company may be subject from time to time; U.S. legislation modifying the pleading standards and EU regulations modifying the liability standards applicable to credit rating agencies in a manner adverse to credit rating agencies; provisions of EU regulations imposing additional procedural and substantive requirements on the pricing of services and the expansion of supervisory remit to include non-EU ratings used for regulatory purposes; the possible loss of key employees; failures or malfunctions of our operations and infrastructure; any vulnerabilities to cyber threats or other cybersecurity concerns; the outcome of any review by controlling tax authorities of the Company’s global tax planning initiatives; exposure to potential criminal sanctions or civil remedies if the Company fails to comply with foreign and U.S. laws and regulations that are applicable in the jurisdictions in which the Company operates, including data protection and privacy laws, sanctions laws, anti-corruption laws, and local laws prohibiting corrupt payments to government officials; the impact of mergers, acquisitions or other business combinations and the ability of the Company to successfully integrate such acquired businesses; currency and foreign exchange volatility; the level of future cash flows; the levels of capital investments; and a decline in the demand for credit risk management tools by financial institutions. These factors, risks and uncertainties as well as other risks and uncertainties that could cause Moody’s actual results to differ materially from those contemplated, expressed, projected, anticipated or implied in the forward-looking statements are currently, or in the future could be, amplified by the COVID-19 outbreak, and are described in greater detail under “Risk Factors” in Part I, Item 1A of the Company’s annual report on Form 10-K for the year ended December 31, 2020 and in other filings made by the Company from time to time with the SEC or in materials incorporated herein or therein. Stockholders and investors are cautioned that the occurrence of any of these factors, risks and uncertainties may cause the Company’s actual results to differ materially from those contemplated, expressed, projected, anticipated or implied in the forward-looking statements, which could have a material and adverse effect on the Company’s business, results of operations and financial condition. New factors may emerge from time to time, and it is not possible for the Company to predict new factors, nor can the Company assess the potential effect of any new factors on it.
SHIVANI KAK
Investor Relations
212.553.0298
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MICHAEL ADLER
Corporate Communications
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BOSTON--(BUSINESS WIRE)--Schneider Electric released a schedule of events featuring its top executives during Climate Week NYC. Ranked the world’s most sustainable company, Schneider Electric is the leading builder of microgrids and the largest corporate decarbonization portfolio manager in the country, with more than 19,000 U.S. employees. With products found in four of 10 American homes, 70% of buildings, 33,000 wastewater facilities and 50% of hospitals around the world, Schneider Electric’s leaders will speak to how the company is delivering digital solutions to help its partners reach their climate goals and build a more sustainable and resilient electrified world.
SCHEDULE:
Monday, September 20, 2021
“Check. We Have the Technologies and Tools. It is Time to Raise Climate Ambition” featuring armchair interview with Jean Paul Tricoire, CEO Schneider Electric, followed by panel discussion including Steve Wilhite, Senior Vice President, Energy and Sustainability at Schneider Electric
Time: 4:00-5:00pm ET
Hosted by: The Business Council for Sustainable Energy (BCSE)
Register
Wednesday, September 22, 2021
“The Future: Where are Market & Tech Innovations Leading Us?” featuring Susan Uthayakumar, Head of Global Sustainability, Schneider Electric
Time: 4:45-6:15pm ET
Hosted by: International Emissions Trading Association (IETA)
Register
Thursday, September 23, 2021
“More Bang for the Buck - Investing in Mitigation and Resilience Together” featuring Mark Feasel, President, Smart Grid North America, Schneider Electric
Time: 1:00-2:00pm ET
Hosted by: BCSE
Register
*All events are virtual*
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.
Our mission is to be your digital partner for Sustainability and Efficiency.
We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.
We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.
Follow us on: Twitter | Facebook | LinkedIn | YouTube | Instagram | Blog
Hashtags: #LifeIsOn #SchneiderElectric #ClimateWeek
Venancio Figueroa
Vice President, NAM Communications
Schneider Electric
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
MOUNT LAUREL, N.J.--(BUSINESS WIRE)--#energy--United Engineers & Constructors, Inc. (United), a leading infrastructure engineering, procurement, construction and consulting company, and Imperia Engineering Partners, Inc. (Imperia), a specialty engineering firm with unique capabilities including a materials engineering and failure analysis laboratory and nuclear engineering programs, together, announced today that the two companies will be joining forces to expand United’s engineering and construction services for the Energy generation, transmission and distribution markets.
“We are excited to welcome Imperia to the United family. In joining forces, we continue to expand our service offering to our clients and to the power industry,” said Scott Reeder, Chief Executive Officer of United. “The United and Imperia integration will provide us the opportunity to offer a more robust, seamless capability to our clients and is a complement to our brand.”
“Joining the United team enables us to provide a comprehensive service offering that has a continued focus on safety, quality and integrity,” said Scot Blodgett, President of Imperia. “This full-service portfolio and complementary cultures will allow us to provide exceptional services to our clients.”
Collectively the companies employ more than 2,000 professionals and have $500M+ in revenue. United has designed and/or built more than 280,000 MW of electric generation and more than 54,000 miles of transmission lines worldwide. The integration of Imperia will expand the company’s engineering services capabilities and offer expanded EPC services to the power industry.
“Together, our teams will create a stronger business for our employees and clients, maximize our growth opportunities, and enable us to continue to focus on our vision of improving lives by delivering the world’s most impactful solutions,” said Mr. Reeder.
United and Imperia are owned by affiliates of CriticalPoint Capital (CPC), a private investment firm focused on acquiring companies with long-term value creation opportunities. Imperia will operate as a wholly owned subsidiary of United.
About United
United Engineers & Constructors is an industry leading infrastructure engineering, procurement, construction and consulting company dedicated to improving lives by delivering the world’s most impactful solutions. Since 1905, we have served the power industry by providing comprehensive lifecycle services for the conventional generation, nuclear, transmission and distribution, renewable, and distributed energy markets. Together with our clients and partners, we are unified in our efforts
to deliver innovative and transformative infrastructure designed and built to meet the demands of today and for the future. www.ueci.com
About Imperia
Imperia Engineering Partners has been a trusted consulting partner for businesses focused in the Energy industry for over 30 years. Our areas of expertise include industry leading Flow Accelerated Corrosion (FAC) program consulting; nuclear engineering mechanics; digital instrumentation and control systems; materials engineering laboratory; fossil power generation; power delivery; and industrial and facilities engineering. www.imperiaep.com
About CriticalPoint Capital
Founded in 2012, CriticalPoint Capital is a private investment firm based in Manhattan Beach, CA. The firm is focused on acquiring companies with long-term value creation opportunities and partnering with management teams that can benefit from patient capital and a thoughtful approach to growth. CPC’s portfolio is comprised of investments across a wide variety of industries and the firm is actively looking to grow through additional platform and add-on acquisitions. Contact Ryan McDowell, Managing Director at This email address is being protected from spambots. You need JavaScript enabled to view it. or 310-574-2170. www.criticalpointcapital.com
Chad Pulley
+1 704-558-6256
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TORONTO--(BUSINESS WIRE)--Sherritt International Corporation ("Sherritt") (TSX: S) today released its 2020 Sustainability Report, outlining the Company’s recent performance on environmental, social, and governance (ESG) matters and upgraded targets and commitments, including achieving net-zero emissions by 2050.
“Sherritt has a long and positive track record of sustainable activities in the communities in which we operate,” said Leon Binedell, President and CEO of Sherritt International. “We extended this performance in 2020 by making progress on a number of our ESG commitments, including achieving zero fatalities at our operations and implementing additional health and safety measures to protect employees at our operations from COVID-19. We plan to extend this momentum through a number of upgraded ESG targets in the near and longer terms as well through the role our nickel and cobalt products and Technologies capabilities will play in reducing carbon emissions in the years ahead.”
Sherritt’s 2020 Sustainability highlights include:
Sherritt’s upgraded ESG Targets include:
Sherritt’s 2020 Sustainability Report, which was prepared in accordance with the Global Reporting Initiative’s (GRI) Standards and with the Sustainability Accounting Standards Board (SASB) Metals and Mining Standard, is available online at http://sustainability.sherritt.com.
About Sherritt
Sherritt is a world leader in the mining and refining of nickel and cobalt – metals essential for the growing adoption of electric vehicles. Its Technologies Group creates innovative, proprietary solutions for oil and mining companies around the world to improve environmental performance and increase economic value. Sherritt is also the largest independent energy producer in Cuba. Sherritt’s common shares are listed on the Toronto Stock Exchange under the symbol “S”.
Joe Racanelli, Director of Investor Relations
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Telephone: (416) 935-2457
www.sherritt.com
CARY, N.C.--(BUSINESS WIRE)--#TMS--MercuryGate® International, Inc., (MercuryGate) the largest, dedicated transportation management system (TMS) provider, today announced Chief Technology Officer (CTO) Beth Hendriks received a 2021 Women in Supply Chain Award by Supply & Demand Chain Executive Magazine.
The Women in Supply Chain award honors female supply chain leaders and executives whose accomplishments, mentorship and examples set a foundation for women in all levels of a company’s supply chain network.
“It is a true honor to accept this award representing the tech industry and the vital role women play in the growth of the supply chain industry,” said Hendriks. “Working to unlock the power of technology every day is exciting, but it is the people I am fortunate to call my colleagues that makes it truly rewarding.”
As CTO, Hendriks leads MercuryGate’s technology infrastructure, driving the product roadmap with a focus on innovation, efficiency and throughput. She is a business architect as well as product and cloud strategist driving technology transformation on a global scale.
“Accelerating transformation at the customers’ enterprise and in the global supply chain requires in-depth knowledge and that is where Beth has and continues to stand out among her industry peers,” said MercuryGate President and CEO Joe Juliano. “Beth’s greatest accomplishment is leading and empowering MercuryGate’s team of IT professionals – women and men - in developing solutions to solve tech problems in new and creative ways.”
Winners for the Women in Supply Chain Award, in its second year, are selected by the editorial staff of Supply & Demand Chain Executive Magazine.
“This year’s winners are just absolutely amazing in so many ways,” said Marina Mayer, Editor-in-Chief of Supply & Demand Chain Executive and Food Logistics. “They’ve re-tooled, re-innovated and revamped how the world sees the supply chain and logistics industry. They’ve paved the way for future female supply chain leaders to become a part of an industry that matters.”
About Supply & Demand Chain Executive
Supply & Demand Chain Executive is the only supply chain publication covering the entire global supply chain, focusing on trucking, warehousing, packaging, procurement, risk management, professional development and more. Go to www.SDCExec.com to view the full list of 2021 Women in Supply Chain winners.
About MercuryGate
MercuryGate provides powerful transportation management solutions proven to be a competitive advantage for today’s most successful shippers, 3PLs, freight forwarders, brokers, and carriers. MercuryGate’s solutions are unique in their native support of all modes of transportation on a single platform including Parcel, LTL, Truckload, Air, Ocean, Rail, and Intermodal. Through the continued release of innovative, results-driven technology and a commitment to making customers successful, MercuryGate delivers exceptional value for TMS users through improved productivity and operational efficiency. MercuryGate offers business intelligence to improve transportation processes, increase customer satisfaction, and reduce costs. Find out why MercuryGate has set the industry standard for the most adaptable, comprehensive transportation solutions suite in the industry at www.mercurygate.com or on Twitter at @MercuryGate.
Michelle Perkins
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CHICAGO--(BUSINESS WIRE)--Neal Gerber Eisenberg (NGE) announced today that the firm recently joined the U.S. Environmental Protection Agency’s Green Power Partnership and its mission to reduce greenhouse gas emissions and help to protect our planet. Through this partnership, the firm committed to buy 100 percent of its energy needs from green power sources. NGE’s 600,000 kilowatt-hours (kWh) of annual energy needs will come from 100 percent wind Renewable Energy Credits (RECs) purchased from AEP Energy. By choosing green power, NGE is advancing the voluntary market for green power and development of those sources.
“NGE is honored to be recognized by the U.S. Environmental Protection Agency,” said Sonia Menon, Chief Operating Officer for NGE and chair of the firm’s Sustainability Committee. “We are proud to be leaders in the green movement in the legal industry, and by using 100 percent green power we are materially reducing our carbon footprint and supporting the transition to a clean energy future.”
“AEP Energy is committed to working with our customers to deliver custom energy solutions that fit their unique needs and goals,” said Greg Hall, executive vice president of Energy Supply for AEP. “Supplying renewable energy to NGE in the form of RECs is just one example of how AEP Energy provides clean, reliable energy that our customers expect and need to achieve their sustainability objectives.”
By moving the needle in the voluntary green power market, NGE and other Green Power Partners are helping to reduce the negative health impacts of air emissions including those related to ozone, fine particles, acid rain, and regional haze.
"EPA applauds Neal Gerber Eisenberg for its leadership position in the green power marketplace," said James Critchfield, Program Manager of EPA's Green Power Partnership. "NGE’s commitment to the environment through this initiative is an excellent example for other law firms and professional services organizations in reducing greenhouse gas emissions through green power investment and use."
According to the U.S. EPA, NGE’s green power use of more than 600,000 kWh is equivalent to the annual electricity use of about 56 average American homes.
Sustainability is central to NGE’s corporate social responsibility program. The firm was among the first firms to join the EPA and American Bar Association’s Climate Challenge, conforming to requirements of paper use, waste management, and energy conservation under the EPA’s Energy Star Program.
Additionally, NGE has taken a leadership role in the legal industry as a member of the Law Firm Sustainability Network (LFSN), sharing its vision with other green law firms to improve the entire industry’s sustainable practices since 2015. NGE was awarded a Gold rating in 2021 for by LFSN’s American Legal Industry Sustainability Standard (ALISS) assessment, which measures activities across five categories: Internal Sustainability, External Sustainability, Stakeholder Engagement, Measuring & Reporting, and Innovation.
You can learn more about the full scope of NGE’s sustainability initiatives here.
About NGE
Neal Gerber Eisenberg is a leading law firm dedicated to handling sophisticated matters for entrepreneurs, public companies, and private businesses and their owners. Our attorneys provide legal business solutions to public and private entities of all types—including Fortune 100 companies, financial institutions, nonprofits and high net worth individuals—in connection with domestic and global business transactions and litigation. The firm has built over thirty years of trusted partnerships with clients that span the globe, and we meet each unique client need with the same personalized service and collaboration that provide the most practical solutions for every matter
About AEP Energy
AEP Energy, a subsidiary of American Electric Power (Nasdaq: AEP), and its affiliates deliver a wide array of innovative competitive energy solutions nationwide. As a competitive retail and wholesale electricity and natural gas supplier, AEP Energy serves over 700,000 residential and business customers in 28 service territories in six states and Washington, D.C. As one of the largest wholesale suppliers in the country, AEP Energy also specializes in offering customized wholesale power supply products based on the specific needs of our customers’ electric systems within ERCOT, MISO, PJM and SPP. AEP Energy also sells renewable energy through long-term contracts with utilities, electric cooperatives, municipalities and corporate customers. With a commitment to a clean energy future, AEP Energy and its affiliates currently own over 1,900 megawatts of wind, solar and energy storage on both a utility scale and distributed scale basis. Solving energy problems for customers, AEP Energy and its affiliates own and operate over 90 behind-the-meter projects in 26 different states and has an active development pipeline across the U.S. Based in Columbus, Ohio, Chicago, Illinois and San Diego, California, AEP Energy takes pride in making it easy for customers and partners to buy, manage and use energy. For more information, visit www.aepenergy.com.
About EPA’s Green Power Partnership
The Green Power Partnership is a voluntary program that helps increase green power use among U.S. organizations to advance the American market for green power and development of those sources as a way to reduce air pollution and other environmental impacts associated with electricity use. The Partnership currently has approximately 800 Partners voluntarily using 69 billion kilowatt-hours of green power annually. Partners include a wide variety of leading organizations such as Fortune 500® companies; small and medium sized businesses; local, state, and federal governments; and colleges and universities. For additional information, please visit www.epa.gov/greenpower.
John Albrighton
Marketing and Business Development Director
p: (312) 269-8065
e: This email address is being protected from spambots. You need JavaScript enabled to view it.
VANCOUVER, British Columbia--(BUSINESS WIRE)--Loop Energy (TSX: LPEN), a developer and manufacturer of hydrogen fuel cell-based solutions, announces the first shipment of Loop’s complete fuel cell system to Slovakia-based Mobility & Innovation a.s. (M&I). This shipment is the first under the previously announced commercial agreement between the parties, which anticipates over $1.9 million USD in fuel cell shipments from Loop Energy over the next two and a half years.
Under the terms of the agreement, Loop is to provide M&I with a complete fuel cell system to implement into M&I’s 8-meter transit bus. In addition to Loop’s high efficiency S300 fuel cell module, the solution includes a fully integrated cooling system designed to repurpose some of the thermal energy produced by an operating hydrogen fuel cell for bus heating thus increasing total usable energy output of the fuel cell system by up to 30%.
“As communities across the globe focus their attention on replacing diesel with zero emission alternatives, we are seeing a rapid increase in demand for hydrogen-powered mass transit vehicles. We are looking forward to working closely with M&I in providing customers across Europe with affordable, practical, and sustainable solutions for their municipal transit needs.” said George Rubin, Chief Commercial Officer of Loop Energy.
About Mobility & Innovation a.s.
Mobility & Innovation a.s. is a Slovakia-based company responsible for the development of composite lightweight, zero-emission city bus platform. M&I’s platform is known for its hydrogen electric powertrain and industry leading GVWR (Gross Vehicle Weight Rating) for a zero-emission transit bus vehicle, while its low curb weight enables greater passenger capacity while still meeting even the most stringent axel load requirements. For more information, please visit http://mobility-inovation.sk/hu.html.
About Loop Energy Inc.
Loop Energy is a leading designer and manufacturer of fuel cell systems targeted for the electrification of commercial vehicles, including, light commercial vehicles, transit buses and medium and heavy-duty trucks. Loop’s products feature the Company’s proprietary eFlow™ technology in the fuel cell stack’s bipolar plates. eFlow™ was designed to enable commercial customers to achieve performance maximization and cost minimization. Loop works with OEMs and major vehicle sub-system suppliers to enable the production of hydrogen fuel cell electric vehicles. For more information about how Loop is driving towards a zero-emissions future, visit www.loopenergy.com.
This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflect management’s current expectations and projections regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company’s control and could cause actual results and events to vary materially from those that are disclosed, or implied, by such forward‐looking information. Such risks and uncertainties include, but are not limited to, the ability of the Company to execute on its strategy and the factors discussed under “Risk Factors” in the Company’s Annual Information Form dated March 30, 2021. Loop disclaims any obligation to update these forward-looking statements.
Loop Energy Media Contact: Ashley Eisner | Tel: +1.212.697.2600 | This email address is being protected from spambots. You need JavaScript enabled to view it.
Loop Energy Business Contact: George Rubin | Tel: +1.604.828.8185 | This email address is being protected from spambots. You need JavaScript enabled to view it.
Loop Energy EMEA Contact: Luigi Fusi | Tel: +39.028457.3048 | This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Global Automated Container Terminal Market" report has been added to ResearchAndMarkets.com's offering.
Global Automated Container Terminal Market was valued at USD 11.40 billion by 2019 which is expected to reach at USD 15.22 billion by 2027 at a CAGR 3.18%.
Automated container terminal are container handling equipment which facilitate the trans-shipment of loaded containers between transport vehicles via automated machinery. It is properly automated from each end and caters the need to optimize the operations and tasks assigned.
Market Drivers
The increase in adoption of automation in equipment handling is the key driving factor which is expected to boost the global automated container terminal market growth. Furthermore, rise in number of new terminals coupled with wide scope for Greenfield and Brownfield container terminal projects. It is considered as driving factor will fuel the market growth during this forecast period.
Moreover, growing demand for numerous commodities across the world, especially from emerging economies has created need for large container ships will drive the market growth. In addition to that, expensive labor cost at terminals has created need for automated container terminals has significantly contributed to the market growth.
Market Restraints
However, high initial cost for implementation of automated container terminal is the major restraining factor which is expected to hinder the global automated container terminal market growth. Also, lack of support from Trade Union will obstruct the market growth.
Market Key Players
Various key players are discussed in this report such as
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Global Automated Container Terminal Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Automated Container Terminal Market, By Degree of Automation
5.1 Y-o-Y Growth Comparison, By Degree of Automation
5.2 Global Automated Container Terminal Market Share Analysis, By Degree of Automation
5.3 Global Automated Container Terminal Market Size and Forecast, By Degree of Automation
5.3.1 Semi Automated Container Terminal
5.3.2 Fully Automated Container Terminal
6 Global Automated Container Terminal Market , By Project Type
6.1 Y-o-Y Growth Comparison, By Project Type
6.2 Global Automated Container Terminal Market Share Analysis, By Project Type
6.3 Global Automated Container Terminal Market Size and Forecast, By Project Type
6.3.1 Brownfield Projects
6.3.2 Greenfield Projects
7 Global Automated Container Terminal Market, By Offering
7.1 Y-o-Y Growth Comparison, By Offering
7.2 Global Automated Container Terminal Market Share Analysis, By Offering
7.3 Global Automated Container Terminal Market Size and Forecast, By Offering
7.3.1 Equipment
7.3.2 Software
7.3.3 Services
8 Global Automated Container Terminal Market, By Region
8.1 Global Automated Container Terminal Market Share Analysis, By Region
8.2 Global Automated Container Terminal Market Share Analysis, By Region
8.3 Global Automated Container Terminal Market Size and Forecast, By Region
9 North America Automated Container Terminal Market Analysis and Forecast (2017 - 2027)
10 Europe Automated Container Terminal Market Analysis and Forecast (2017 - 2027)
11 Asia Pacific Automated Container Terminal Market Analysis and Forecast (2017 - 2027)
12 Latin America Automated Container Terminal Market Analysis and Forecast (2017 - 2027)
13 Middle East Automated Container Terminal Market Analysis and Forecast (2017 - 2027)
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Overview
15.2 Offerings
15.3 Key Financials
15.4 Business Segment & Geographic Overview
15.5 Key Market Developments
15.6 Key Strategies
For more information about this report visit https://www.researchandmarkets.com/r/pycptt
ResearchAndMarkets.com
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The Company plans to expand in the medical diagnostic testing space via mobile modular units.
NEW YORK--(BUSINESS WIRE)--SG Blocks, Inc. (NASDAQ: SGBX) (“SG Blocks” or the “Company”), a leading designer, innovator and fabricator of modular structures, announced today that the Company has developed a new modular laboratory product at the SG Echo campus in Durant, Oklahoma and plans to build and deploy mobile intermodal CLIA-certified laboratories for point-of-care healthcare testing.
SG Blocks will own and operate these units, providing its own end-to-end solution including both staffing and billing. Clients from various industries and sectors such as sports teams, universities, entertainment companies, and more will be targeted to hire SG Blocks to deploy the flexible mobile unit wherever needed.
“We have seen a great need for adaptable and efficient healthcare testing through our deep-dive into COVID-19 testing,” Paul Galvin, Chairman and CEO of SG Blocks explained. “While we have seen great success thus far with our partners, we believe we are ready to create and deploy these mobile modular units solely through SG Blocks and intend to make waves in the point-of-care medical diagnostic testing space. It’s really just the beginning for us in the medical field.”
The mobile CLIA lab unit will be 40 feet and be attached to a custom trailer solution with the ability to provide a full array of diagnostic testing inclusive of COVID-19.
The labs will be fully mobile and have the potential capacity to test for various diseases and infections from urinary tract infections, to cancer, COVID-19 and the flu.
“We decided to move forward with this plan after over a year of inquiries from both public and private entities, national and international events,” Paul Galvin continued. “There is clearly a need in the market for better, faster, and easily accessible diagnostic testing, and our solutions enable exactly that.”
SG Blocks envisions deploying these medical units at transportation hubs, events, border check-points, campuses, and Native American reservations.
About SG Blocks, Inc.
SG Blocks, Inc. is a premier innovator in advancing and promoting the use of code-engineered cargo shipping containers for safe and sustainable construction. The firm offers a product that exceeds many standard building code requirements, and also supports developers, architects, builders and owners in achieving greener construction, faster execution, and stronger buildings of higher value. Each project starts with GreenSteel™, the structural core and shell of an SG Blocks building, and then customized to client specifications. For more information, visit www.sgblocks.com.
Safe Harbor Statement
Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are based upon current estimates and assumptions and include statements regarding plans to build and deploy mobile intermodal CLIA-certified laboratories for point-of-care healthcare testing, the Company being ready to create and deploy the mobile modular units solely through the Company and plans to expand in the medical diagnostic testing space via mobile modular units. While SG Blocks believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company’s ability to build and deploy mobile intermodal CLIA-certified laboratories for point-of-care healthcare testing as planned, the Company’s ability to create and deploy the mobile modular units solely through the Company, the Company’s ability to expand in the medical diagnostic testing space via mobile modular units, the Company’s ability to position itself for future profitability, the Company’s ability to maintain compliance with the NASDAQ listing requirements, and the other factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020 and its subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.
Investors:
Stephen Swett
(203) 682-8377
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Source: SG Blocks, Inc.
Led by Former Sidecar Founder and CEO and backed by high profile entrepreneurs and investors, the Company Aims to Reduce CO2 Emissions by One Gigaton by 2030
SAN FRANCISCO--(BUSINESS WIRE)--Spring Free EV, a financial technology company built to accelerate the adoption of electric vehicles (EVs) through innovative fintech products, debuts today. The company, which is led by serial entrepreneur and former Sidecar founder and CEO Sunil Paul, has the bold mission to reduce CO2 emissions by one gigaton by 2030 through a new vehicle financing approach that makes EVs more accessible to everyone. Spring Free EV is backed by Reid Hoffman, Marianne Wu, Mark Pincus, Ev Williams, and others. The company currently has fleet relationships with several auto manufacturers, including Tesla and Nissan, and works with fleet managers in six states with plans to expand to 20 states by the end of 2021.
Introducing the Mileage Purchase Agreement (MPA) — a financial agreement that makes EVs more affordable
The biggest barrier to EV adoption is their high upfront costs. However, if low fuel and maintenance cost are taken into account, EVs are very affordable, especially for high-mileage drivers. Moreover, the total cost of owning an EV over its lifetime is lower than fossil-fuel vehicles. The Mileage Purchase Agreement (MPA) is a financial product that makes EVs more affordable by reducing the upfront costs and charging a fee per mile of use. Through this unique approach to financing, Spring Free EV removes the single biggest barrier to EV adoption, by making the costs equal to or lower than fossil-fuel vehicles. Today, fleet managers across the country have embraced the MPA because of the high demand for EVs on consumer carsharing and ridesharing platforms and for their lower fuel and maintenance costs.
Spring Free EV was co-founded by Sunil Paul, Martin Lagod, and Cassandra John. Sunil Paul is a veteran entrepreneur and champion of climate reform. His passion to reinvent transportation dates back two decades, most recently as founder and CEO of pioneering rideshare company Sidecar. Cassandra John is a New York-based business executive working at the center of clean energy and financial services, who saw an opportunity to create positive generational climate impact and climate justice by making EVs more accessible to everyday people. Through their combination of environmental vision and operational expertise, they will create a new mobility paradigm in which EVs are accessible to everybody, not just a few.
“To have the impact on climate that we want and need, EVs need to be accessible to the everyday person,” said Cassandra John, co-founder and CFO of Spring Free EV. “The climate crisis can’t wait. The MPA is the best way to open the door to EV access, accelerate adoption, and bend the curve of climate change.”
Commenting on the announcement, Reid Hoffman said, “To solve the climate crisis we need to blitzscale companies with audacious goals like the ones Sunil and his team of mission-driven entrepreneurs have set out to reduce CO2 emissions.”
Fleet managers interested in learning about a quick, affordable, and hassle-free way to add EVs to their fleet using the MPA can visit www.springfreeev.com.
Spring Free EV is a financial technology company built to accelerate the adoption of electric vehicles (EVs) through innovative fintech products. The company’s first product is the Mileage Purchase Agreement (MPA), a financial product that makes EVs more affordable by reducing the upfront costs and charging a fee per mile of use. Through this unique approach to financing, Spring Free EV removes the single biggest barrier to EV adoption, by making the costs equal to or lower than fossil-fuel vehicles. Unlike existing automobile leases, the MPA is designed for high mileage drivers. Spring Free EV was co-founded by Sunil Paul, Martin Lagod, and Cassandra John in 2021 and is backed by leading investors Reid Hoffman, Marianne Wu, Mark Pincus, Ev Williams, and others. Learn more at www.springfreeev.com.
Media:
Margaret Ryan
Spring Free EV
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Sign-ups begin at IBEX 2021
DETROIT--(BUSINESS WIRE)--#sharrowmarine--Sharrow Marine announced today plans to roll out an exclusive OEM Sharrow Propeller™ Boatbuilder Program using their award-winning Sharrow Propellers™. The program includes a comprehensive development package for each boatbuilder that will provide them with custom designed and custom-made Sharrow Propellers™ that enhance not just efficiency but also performance attributes that are most important to each boat builder. For example, planing speed, handling at the dock, and faster speeds at optimum cruise. The Sharrow Marine engineering team will use their proprietary design and simulation capability to optimize boat hull, motor, and propeller interactions to give each boatbuilder an advantage over their competition. The plans also include attractive incentives, and of course an optimized set of Sharrow Propellers™ for their vessels and motors.
“You can have the best motor or boat in the world, but the propeller is ultimately the device that transfers engine power and torque to the water. If you’re using an off-the-shelf cookie-cutter propeller on your motors or vessels you are simply leaving a massive amount of performance on the table,” said Greg Sharrow, founder, and CEO of Sharrow Marine. “The optimized boat/motor/propeller package is the holy grail for the marine industry and now with the launch of our new OEM Sharrow Propeller Boatbuilder Program, boat builders and engine makers can obtain it,” says Sharrow.
“The simple fact is that boats with similar specs all perform about the same. But in 2022, there will be boats on the market that perform much better because they will be equipped with optimized Sharrow Propellers. For boat owners interested in peak performance and the latest technology, the Sharrow Propellers will offer a superior upgrade,” says Sharrow.
The Sharrow Propeller™ has undergone extensive third-party testing, including independent testing by BoatTEST. Advantages cited by BoatTEST and others of the new Sharrow Propeller™ include:
LEARN MORE
ONLINE: Please make an online appointment with a member of our Professional Services Team today to learn more: www.sharrowmarine.com/pro
IN-PERSON MEETING AT IBEX 2021: Sign up for an in-person meeting with one of our Professional Services Team members at IBEX 2021 (booth 1-1009): www.sharrow-marine.com/IBEX2021
About Sharrow | www.sharrowmarine.com
Sharrow Marine LLC is a wholly owned subsidiary of Sharrow Engineering LLC - a nautical and aeronautical engineering company dedicated to the research and development of revolutionary high-performance propulsion technologies for the maritime and aeronautical industries. Company offices are headquartered in Detroit, with additional offices in Philadelphia, PA. Sharrow Engineering LLC has assembled a team of the world’s top aeronautical, nautical, aerospace, and mechanical engineers to assist with the company’s core mission to reinvent the methodologies and technologies used for propulsion in the 21st century.
Sixty-five (65) U.S. and international patent applications have been filed with the U.S. Patent and Trademark Office (USPTO) and foreign countries to protect the intellectual property rights for the Sharrow Propeller™. Already, thirty-six (36) patents have been awarded in the U.S., Japan, Canada, Australia, New Zealand, Europe (14 countries), Taiwan, China, South Korea, Russia, Singapore, South Africa, New Zealand, and Mexico – with many other patent applications pending in countries around the globe
Maren Sharrow, Director of Marketing and PR, 313-251-4220 (O)
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BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities Inc. (NYSE: WTRG) expects to report earnings for the quarter ended Sept. 30, 2021 before the market opens on Nov. 1, 2021.
The company’s conference call with financial analysts will take place on Monday, Nov. 1, 2021 at 11 a.m. Eastern Daylight Time. The call and presentation will be webcast live so interested parties may listen over the internet by logging on to Essential.co and following the link for Investors. The conference call will be archived in the Investor Relations section of the company’s website for 90 days following the call. Additionally, the call will be recorded and made available for replay at 2 p.m. on Nov. 1, 2021 for 10 business days following the call. To access the audio replay in the U.S., dial 888.203.1112 (pass code 4066164). International callers can dial +1 719.457.0820 (pass code 4066164).
About Essential
Essential is one of the largest publicly traded water, wastewater and natural gas providers in the U.S., serving approximately 5 million people across 10 states under the Aqua and Peoples brands. Essential is committed to excellence in proactive infrastructure investment, regulatory expertise, operational efficiency and environmental stewardship. The company recognizes the importance water and natural gas play in everyday life and is proud to deliver safe, reliable services that contribute to the quality of life in the communities it serves. For more information, visit http://www.essential.co.
WTRGF
Brian Dingerdissen
Essential Utilities Inc.
Investor Relations
O: 610.645.1191
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Erin O’Donnell
Communications
412.266.2446
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HOUSTON--(BUSINESS WIRE)--BBVA USA, as Trustee of the San Juan Basin Royalty Trust (the “Trust”) (NYSE:SJT), today declared a monthly cash distribution to the holders of its Units of beneficial interest (the “Unit Holders”) of $1,724,289.03 or $0.036995 per Unit, based primarily upon production during the month of July 2021, subject to certain adjustments by the owner of the Trust’s subject interests, Hilcorp San Juan L.P. (Hilcorp”), for prior months. The distribution is payable October 15, 2021, to Unit Holders of record as of September 30, 2021.
Hilcorp reported gross revenue of $7,512,674 and gross production costs of $4,837,606 for the production month of July 2021. The gross production costs consist of lease operating expenses of $2,737,834, severance taxes of $977,215, capital costs of $30,807 and gross excess production costs of $1,091,749 from the prior month. Hilcorp has agreed to waive interest on any overpayments to the Trust in 2021.
For the production month of July 2021, Hilcorp reported to the Trust profits of $2,675,068 gross ($2,006,301 net to the Trust).
Based upon information provided to the Trust by Hilcorp, gas production for the subject interests totaled 2,147,718 Mcf (2,386,353 MMBtu) for July 2021, as compared to 1,568,223 Mcf (1,742,470 MMBtu) for June 2021. Dividing revenues by production volume yielded an average gas price for July 2021 of $3.28 per Mcf ($2.96 per MMBtu), as compared to an average gas price for June 2021 of $3.46 per Mcf ($3.12 per MMBtu).
After payment of the Trust’s administrative expenses for the month, the Trustee will replenish the Trust’s cash reserves by the net amount of $150,148 which will bring the cash reserve balance back to the previously established amount of $1.0 million. As of August 31, 2021, the Trust’s cash reserves were $849,852.
Hilcorp informed the Trust that it completed its accounting system implementation and that it is now reporting to the Trust based on actual revenue and expenses for operated wells beginning with the production month of June 2021. Hilcorp has advised the Trust that by the end of 2021 it will complete the process of actualizing, accounting for and reporting to the Trust the operated revenue and severance tax computations for the four production months (January through April 2021). At this time the amount of these actualizations is unknown.
The Trustee continues to engage with Hilcorp regarding its ongoing accounting and reporting to the Trust. The Trust’s third-party compliance auditors continue to audit all payments made by Hilcorp to the Trust, including adjustments, true-ups, and recoupments. The Trustee continues to consult with outside counsel to review the rights of the Trust with respect to these matters and to evaluate any available potential legal remedies.
Except for historical information contained in this news release, the statements in this news release are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements generally are accompanied by words such as “estimates,” “anticipates,” “could,” “plan,” or other words that convey the uncertainty of future events or outcomes. Forward-looking statements and the business prospects of San Juan Basin Royalty Trust are subject to a number of risks and uncertainties that may cause actual results in future periods to differ materially from the forward-looking statements. These risks and uncertainties include, among other things, certain information provided to the Trust by Hilcorp, volatility of oil and gas prices, governmental regulation or action, litigation, and uncertainties about estimates of reserves. These and other risks are described in the Trust’s reports and other filings with the Securities and Exchange Commission.
Joshua R. Peterson, Head of Trust Real Assets & Mineral Resources
and Senior Vice President
Kaye Wilke, Investor Relations, toll-free: (866) 809-4553
CALGARY, Canada--(BUSINESS WIRE)--Greenfire Acquisition Corporation (“GAC” or the “Company”) announces the successful closing of the strategic acquisition of Japan Canada Oil Sands Limited (“JACOS”), which includes a 75% working interest and operatorship of the Hangingstone Expansion site. The definitive sale and purchase agreement to acquire all shares of JACOS, first announced on July 29, 2021 (the “Acquisition”), was executed via a GAC-affiliated special purpose acquisition vehicle named HE Acquisition Corporation (“HAC”).
Strategic Rationale
The strategic Acquisition of JACOS unites the Greenfire Hangingstone asset, held by GAC, with the immediately adjacent Hangingstone Expansion site, which share the same tier one oil sands reservoir. GAC plans to sustainably increase production at Hangingstone Expansion through the site’s existing infrastructure, employing the same safe, efficient, and capital-disciplined operating approach that the Company utilized to optimise conditions at the Greenfire Hangingstone asset. Leveraging its deep oil sands expertise, GAC expects these improvements will lead to a material enhancement in profitability and a step change reduction in the site’s carbon intensity per barrel of oil.
Outlook
Management estimates that the combined production from GAC’s portfolio will be more than 20,000 barrels per day (bbl/d) in the near-term and in excess of 30,000 bbl/d in the mid-term.
Corporate Reorganization
The Acquisition represents a major milestone for GAC and its business strategy, positioning the Company as an intermediate sized and low-cost oil sands producer focused on responsible energy development in Canada. Concurrent with the closing of the acquisition and with a positive outlook in future direction, Greenfire Acquisition Corporation will undergo an internal reorganization, which will result in a new go-forward operating entity of the Hangingstone assets named "Greenfire Resources Operating Corporation" (“GROC”). GROC will remain an operationally focussed company with an emphasis on an entrepreneurial environment and employee ownership, which are key pillars of the Company’s identity. By retaining “Greenfire” in the corporate name, it signifies stakeholders’ support and trust in the Company’s employees to continue creating, enhancing and delivering long term value.
GROC, which is backed by McIntyre Partners and Griffon Partners, continues to see a range of attractive investment opportunities in the oil and gas sector in Canada and internationally.
About Greenfire Resources Operating Corporation
GROC explores, acquires, develops and produces oil and gas in the Canadian energy sector and internationally. In 2020, the Company’s operations team was awarded the Energy Excellence Awards Champion for Project Excellence in Oilsands, voted by its peers to recognize energy excellence and focused on advancement and collaboration with Canada’s energy sector. GROC is well capitalized to seek additional oil and gas assets within Canada.
About McIntyre Partners and Griffon Partners
McIntyre Partners and Griffon Partners are private investment firms focused on long-term investments and acquisitions in the natural resources and infrastructure sectors.
Disclosure Regarding Forward-Looking Statements
This news release includes forward-looking statements within the meaning of applicable securities laws relating to the Company's plans and other aspects of the Company's anticipated future operations, management focus, objectives, strategies, financial, operating and production results. Forward-looking statements typically use words such as "anticipate", "believe", "project", "expect", "plan", "intend" or similar words suggesting future outcomes, statements that actions, events or conditions "may", "would", "could" or "will" be taken or occur in the future. Although the Company believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. As a consequence, actual results may differ materially from those anticipated in the forward-looking statements and you should not unduly rely on forward-looking statements.
These forward-looking statements are based on various assumptions including, but not limited to, the Company's strategy, plans, focus, objectives, priorities and position; the terms and conditions of the Acquisition; that the Acquisition is synergistic with the Company's existing Hangingstone assets and operations and that the Acquisition will allow the Company to achieve economies of scale and utilize existing operating approach and expertise to optimise conditions at the Hangingstone asset, materially enhance profitability and reduce the site’s carbon intensity per barrel of oil; the benefits of the Acquisition including, without limitation, the estimate that the Acquisition will result in a production levels to more than 20,000 bbl/d in the near-term and in excess of 30,000 bbl/d in the mid-term; the expected timing to affect the internal reorganization of the Company; and ongoing and future stakeholder support of the Company. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. The Company cautions that future events may be affected by a number of factors, many of which are beyond its control and results may vary substantially from what the Company currently foresees.
By their nature, forward-looking statements involve numerous known and unknown risks and uncertainties and other factors that contribute to the possibility that the predicted outcome will not occur, including, without limitation: the impact of general economic conditions; volatility in market prices for crude oil and natural gas; industry conditions; currency fluctuations; imprecision of reserve estimates; liabilities inherent in crude oil and natural gas operations; environmental risks; incorrect assessments of the value of acquisitions and exploration and development programs; competition from other producers; the lack of availability of qualified personnel or other services; changes in income tax laws or changes in royalty rates and incentive programs relating to the oil and gas industry and abandonment and reclamation programs; hazards such as fire, explosion, blowouts, and spills, each of which could result in substantial damage to production facilities, other property and the environment or in personal injury; the Company's ability to access sufficient capital from internal and external sources and failure to realize on the benefits of the Acquisition moving forward.
Management has included the forward-looking statements above and a summary of assumptions and risks related to forward-looking statements provided in this news release in order to provide readers with a more complete perspective on the Company's future operations and such information may not be appropriate for other purposes. Readers are cautioned that the foregoing list of factors is not exhaustive and that the forward-looking statements contained in this news release are made as the date of this news release. The Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
For additional information, please contact:
McIntyre Partners
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Griffon Partners
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Greenfire Resources Operating Corporation
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FTI Consulting – Media
+44 203 727 1340
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NEW YORK--(BUSINESS WIRE)--#Helbiz--Helbiz (NASDAQ: HLBZ), a global leader in micro-mobility and the first in its industry to be publicly listed on Nasdaq, together with top builders, investors and brands that are transforming the world of mobility, such as Lyft, Uber, Lime and Spin, will take part as a sponsor in one of the most renowned and innovative events on micro-mobility, MicroMobility.io.
MicroMobility.io will take place on the 23rd of September at the historic Craneway Pavilion in San Francisco. Helbiz will be the only micro-mobility sharing company publicly listed on Nasdaq to participate at the event, where it will highlight its next steps in the challenging industry of urban mobility. The spotlight will be put on Helbiz One, Helbiz first electric scooter made in Italy designed by Pininfarina, intended for sale. Along with Helbiz One, the most innovative sharing vehicles of the company’s fleet will also be present at the event.
As safety is a fundamental cornerstone of Helbiz, the company will also offer test drives with a specific focus on a proper and attentive use of vehicles in urban spaces, in compliance with the rules of the road.
Vivian Myrtetus, Head of Partnerships & Policy at Helbiz, will participate on the panel “From Disruptive to Essential: Public-Private Partnerships for Micromobility” at 11:40 am, to talk about the challenge presented by the pandemic to transportation authorities and, more widely, to the micro-mobility industry.
This in-depth discussion will focus on how policymakers and startups like Helbiz can work together in partnership to integrate micro-mobility solutions into existing transportation systems, thus creating more livable urban centers. The panel will be moderated by Laura Bliss, Reporter at Bloomberg, and Vivian will be joined by other panelists Debs Schrimmer, Senior Manager of Future Cities at Lyft, Kerby Olsen, New Mobility Supervisor at OakDOT and Denee Evans, Transportation Demand and Sustainability Manager for the City of Richmond.
MicroMobility.io is an immersive summit exploring the disruptive potential of lightweight electric vehicles and Helbiz is pleased to take part to such an innovative and important event, that reflects its corporate philosophy of environmental sustainability, safety, cutting-edge technology and innovation.
About Helbiz
Helbiz is a global leader in micro-mobility services. Launched in 2015 and headquartered in New York City, the company offers a diverse fleet of vehicles including e-scooters, e-bicycles and e-mopeds all on one convenient, user-friendly platform in 35 cities around the world. Helbiz utilizes a customized, proprietary fleet management technology, artificial intelligence and environmental mapping to optimize operations and business sustainability. Helbiz is expanding its urban lifestyle products and services to include live streaming services, food delivery, financial services and more, all accessible within its mobile app.
Forward-Looking Statements
Certain statements made in this press release are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward-looking statements. Due to known and unknown risks, actual results may differ materially from the Company’s expectations or projections. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: (i) the failure to meet projected development and production targets; (ii) changes in applicable laws or regulations;(iii) the effect of the COVID-19 pandemic on the Company and its current or intended markets; and (iv) other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission (the “SEC”) by the Company. Additional information concerning these and other factors that may impact the Company’s expectations and projections can be found in its periodic filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and amended on May 21, 2021. The Company’s SEC filings are available publicly on the SEC's website at www.sec.gov. Any forward-looking statement made by us in this press release is based only on information currently available to Helbiz and speaks only as of the date on which it is made. Helbiz undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law.
Helbiz Contacts
For investor and media inquiries, contact: https://www.helbiz.com/pressroom
Global Head of Communications: +1 (917) 675-7157
Davide D’Amico - email: This email address is being protected from spambots. You need JavaScript enabled to view it.
PR and Communication Manager:
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USA
Agent of Change
Marcy Simon - Phone: +1 (917) 833-3392 - email: This email address is being protected from spambots. You need JavaScript enabled to view it.
The Blueshirt Group
Gary Dvorchak, CFA - Phone: +1 (323) 240-5796 - email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Kovacs recognized by Forbes as seasoned investment strategist shaping and fueling the high-growth industrial hemp business sector
SANTA FE, N.M.--(BUSINESS WIRE)--#50Over50--Santa Fe Farms, a leader in the production, manufacturing, and distribution of hemp and hemp-derived products for industrial use, proudly announced today that Kimberly Kovacs has been named to the prestigious Forbes 50 Over 50 Investment 2021 list for her investment acumen and drive to advance initiatives in sustainability, carbon sequestration and industrial hemp across the commercial marketplace.
With more than 10,000 nominations submitted, Kovacs achievements including founding six companies, raising over $120 million and dual role as managing director of Arroyo Ventures, a venture capital and strategic advisory firm focused on female investors and founders, caught the attention of Forbes’ 50 over 50 judges microfinance juggernaut Andrea Jung, iconic fashion designer Diane Von Furstenberg and Janice Bryant Howard, CEO of the nation’s largest privately held, woman- and minority-owned workforce management companies.
“It is an honor to be recognized by Forbes and to be included with so many amazingly talented and visionary businesswomen,” said Santa Fe Farms Chief Strategy Officer Kimberly Kovacs. “I look forward to strategically refining and expanding Santa Fe Farms to ensure this integrated industrial hemp enterprise remains at the forefront of sustainability, ESG and global commercialization.”
Kovacs’ distinguished career has spanned over 25 years in executive leadership and finance with focus on emerging companies in clean technology, software, life sciences and more recently, the high-growth hemp sector. She is also a long-time advocate for carbon neutrality, working with the California Air Resources Board, the Texas Commission on Environmental Quality and the EPA on developing clean fuel standards and initiatives.
“The Forbes recognition is just more affirmation of what we already know. Kimberly’s expertise in sustainability, capital markets, and regulatory affairs is an amazing asset and will only serve to ensure Santa Fe Farms reaches its commercial and ESG goals,” added Santa Fe Farms CEO Steven Gluckstern.
About Santa Fe Farms
Santa Fe Farms is an integrated company leading the growth and development of the industrial hemp industry. Santa Fe Farms spans the growth, transformation, and impact of industrial hemp into key wellness, chemical and physical ingredients and components which can be incorporated into thousands of product categories including health, human and animal nutrition, agriculture, building materials, paper and packaging, plastics, and advanced carbon materials. Santa Fe Farms will be a net-negative carbon business and source of offsets available to other enterprises seeking to reduce their carbon footprint to meet ESG goals and/or regulatory requirements. For more information, visit santafefarms.com.
Lee Rech
for Santa Fe Farms
This email address is being protected from spambots. You need JavaScript enabled to view it.
801.556.8423
MORRISVILLE, N.C.--(BUSINESS WIRE)--The JF Petroleum Group, a MidOcean Partners portfolio company and the premier provider of fueling system solutions in North America, announced today that it has entered into a definitive agreement to acquire the assets of RC Development Group Inc. Headquartered in Northeast Florida, the RC Development Group is a turnkey construction services company specializing in commercial petroleum applications and environmental services. The acquisition of the RC Development Group will strengthen The JF Petroleum Group’s Southeast Region’s market leadership position in the petroleum equipment industry and enhance its ability to serve customers by adding additional turnkey services to its environmental and commercial construction offerings.
Keith Shadrick, CEO of The JF Petroleum Group, stated, “Given the growing demand for construction services in our Southeast Region, this acquisition will significantly enhance our ability to provide best in class turnkey solutions to our customers. We will also enhance the offerings and capabilities the RC Development Group has today, delivering a greater value proposition to their existing client base. The RC Development Group is widely recognized in the state of Florida for its exceptional quality, expertise in fuel system design and environmental services, and passion for customer satisfaction. The RC Development Group has been serving customers in Florida for over twenty-eight years and they have an experienced and professional team that is well versed in all aspects of prime general contracting and operating as a pollutant storage contractor. We are proud to welcome Roger Combs and the employees of the RC Development Group to the JF Petroleum Group family!”
“I am extremely proud of our team and their amazing accomplishments over the past twenty-eight years,” said Roger Combs, the founder of RC Development Group Inc. “The JF Petroleum Group is the perfect home for us moving forward given our long-standing and trusting relationship and shared values.”
Barrett Gilmer, Managing Director at MidOcean Partners, stated, “The acquisition of RC Development Group is yet another demonstration of our commitment to building the North American petroleum equipment industry’s leading solution provider in the JF Petroleum Group. We are focused on investing in organic growth for the company alongside growth through acquisition nationwide. The acquisition of the RC Development Group layers nicely onto our robust commercial and environmental services offering in a high growth market area.”
About JF Petroleum Group
The JF Petroleum Group (formerly Jones & Frank) is a leading provider of turn-key distribution, construction and service solutions to the North American fueling infrastructure industry. The company serves retail fueling stations, commercial and government fleets, and emergency power customers through its network of 39 branch offices, 4 distribution centers and over 1,100 employees located across the United States. The JF Petroleum Group represents the premier products in the fueling infrastructure marketplace, including Gilbarco Veeder-Root, VeriFone, OPW, Franklin Fueling and Containment Solutions. To learn more, visit www.jfpetrogroup.com.
About MidOcean Partners
MidOcean Partners is a premier New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments. Since its inception in 2003, MidOcean Private Equity has targeted investments in high-quality middle-market companies in the consumer and business services sectors. MidOcean Credit Partners was launched in 2009 and currently manages a series of alternative credit strategies, collateralized loan obligations (CLOs), and customized separately managed accounts.
For JF Petroleum Group:
Alex Perez
Director of Marketing & Communications
This email address is being protected from spambots. You need JavaScript enabled to view it.
For MidOcean:
Nathaniel Garnick/Grace Cartwright
Gasthalter & Co.
(212) 257-4170
This Weekend, Spend a Little Time with a PG&E Safety Specialist as ‘7 Saturdays to a More Fire-Resistant Home’ Walks California Homeowners Through Steps to Protect Themselves and Their Property from Fires
SAN FRANCISCO--(BUSINESS WIRE)--Before heading to the hardware store this weekend, enjoy a cup of coffee as you watch co-host, David Hawks, former CAL FIRE Chief of the Butte Unit and current PG&E Senior Public Safety Specialist in a video series, “7 Saturdays to a More Fire-Resistant Home,” that will demonstrate tangible steps that Californians can take to harden their homes against wildfires and help keep their families and communities safe.
With over 90% of California experiencing drought, the state faces unprecedented wildfire risk this year. PG&E can help customers be better prepared for this upcoming wildfire season and any emergency.
“The little actions we take today can better protect our homes and communities from wildfire,” Hawks said. With over 31 years serving California as a firefighter, Hawks understands simple tasks can help protect homes. In the series he uses his expertise to show Californians:
You can watch the first episode now on the Safety Action Center (safetyactioncenter.pge.com), PG&E’s online preparedness resource which provides information to help customers keep their families, homes, and businesses safe during natural disasters and other emergencies. New episodes will launch every week, for seven weeks, naturally.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
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