HOPKINS, Minn.--(BUSINESS WIRE)--Digi International (NASDAQ: DGII, www.digi.com), a leading global provider of Internet of Things (IoT) connectivity products and services, today announced the winners of its Green Tech Customer Innovation Awards. Digi International has created this award to acknowledge and highlight customers that have excelled in the green technology field while offering advanced solutions for environmental issues. Each award winner has utilized Digi solutions to build or deploy technologies supporting a greener world and excelled in environmental stewardship. These companies have shown forward-thinking leadership and innovation in eco-friendly and environmentally safe applications.
Digi has selected the following customers as recipients for the 2021 Green Tech Customer Innovation Awards, in six categories:
“Digi International is proud to recognize these customers as valued partners and congratulates them on their contributions to environmental stewardship and sustainability by utilizing and employing Digi technology,” said Ron Konezny, President and CEO, Digi International. “Our honorees play a pivotal role in supporting the reduction of greenhouse emissions and helping smart cities, communities, and industries to reduce their carbon footprint. Digi International is dedicated to environmental improvements that foster a sustainable future and lead to social and economic improvements in our communities. We applaud these teams for their initiative and drive in supporting a greener world.”
For more information about Digi’s Green Tech initiative visit here.
About Digi International
Digi International (NASDAQ: DGII) is a leading global provider of IoT connectivity products, services and solutions. We help our customers create next-generation connected products and deploy and manage critical communications infrastructures in demanding environments with high levels of security and reliability. Founded in 1985, we’ve helped our customers connect over 100 million things and growing. For more information, visit Digi’s website at www.digi.com.
Peter Ramsay
Global Results Communications
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949.307.5908
FRANKLIN, Tenn.--(BUSINESS WIRE)--Eco-Energy, a leading biofuel supply chain company, is pleased to announce that it has started construction on its ethanol distribution facility located in Stockton, California. The facility is scheduled to commence operations in March 2022 and will be the eleventh (11th) ethanol distribution terminal constructed by Eco-Energy over the past decade. The Stockton site will be equipped with 108 tank car offload spots, 6.7 million gallons of dedicated ethanol storage and high-speed truck loading capability. The facility will be accessible by both the Union Pacific Railroad and BNSF Railway and its efficient design will eliminate railroad dwell by releasing tank cars within 24 hours of receipt. With the opening of the Stockton facility—as well as the recently completed Phoenix, Arizona terminal—Eco-Energy’s ethanol terminal platform now spans from coast-to-coast.
“We are excited to finalize the Stockton project and look forward to the start of operations in early 2022. This project again highlights our team’s ability to collaborate, align incentives, and generate clear value-add throughout the supply chain,” says Eco-Energy CEO, Craig Willis. According to Willis, “Northern California is a difficult market to access logistically, and this facility will ensure an efficient supply chain to bring high octane, low carbon, cost-competitive ethanol to the area.”
For questions about this facility, please contact Chadwick Conn with Eco-Energy at (615) 786-0401 or This email address is being protected from spambots. You need JavaScript enabled to view it..
Eco-Energy Distribution Services
Chadwick Conn, 615-786-0401
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DobiMigrate Enables Move of All Operations and Production Workflows, as well as Corporate File Storage, to New Colocation Facility
LEUVEN, Belgium--(BUSINESS WIRE)--#Datadobi--Datadobi, the global leader in unstructured data management software, announced today that Endeavor Energy Resources, L.P. (“Endeavor”), a premier exploration and production (E&P) company, and one of the largest private oil producers in the United States of America, has selected DobiMigrate to enable and accelerate the move of Endeavor’s production workflows to a new, modern colocation facility.
“During my tenure, over the past six and a half years, Endeavor has enjoyed tremendous success and growth. As a result, Endeavor was rapidly outgrowing its current data center, and much of the company’s hardware had reached end-of-life,” said Jim Green, IT Operations Manager for Endeavor. “After careful evaluation of viable alternatives, Endeavor determined a move to a colocation facility would not only provide improved service levels but also meet Endeavor’s goal to modernize its IT infrastructure and capabilities, while meeting its budgetary objectives.”
“The next decision was how to enable the fastest, most accurate move to the new location,” Green continued. “Not long ago, I managed a data migration using a different tool. It took me about a month to move approximately 13 TBs of data. It was not only time consuming, but also very labor intensive in that I had to micro-manage the entire process - from attaching every copy to managing permissions to touching every folder individually, and everything in between. This time, I knew I needed a better solution as I had the added challenge of having considerably more data to move.”
Green’s trusted solutions provider and advisor, Dell, then suggested he consider DobiMigrate. After a careful evaluation, Green found that DobiMigrate would allow him to migrate file or object data between any storage platform, on-premises or between clouds – safely, quickly, easily, and cost effectively. This was critical in that he was moving his entire operations and production workflows, as well as his corporate file storage, to the new colocation facility. His eventual goal is to increase his cloud presence.
Green concluded, “Datadobi’s solution is tailor-made for Endeavor’s needs. It moves everything. I can control the cutover dates. It maintains the permissions and shares, and does the cleanup -- everything I had previously done manually. With DobiMigrate, I will be able to meet my goal to move everything in seven days or less.”
When Endeavor is ready to move any of its data and operations to the cloud, DobiMigrate will enable it to do so seamlessly, while enjoying identical management and protection capabilities. Datadobi’s capabilities around compliance, such as its chain-of-custody verification, was another selling point.
“Endeavor Energy Resources, L.P. recognized that in order to move its disparate unstructured data, including, everything from office documents to highly detailed geological data, DobiMigrate was the solution that satisfied all of its requirements,” said Paul Repice, Vice President of Sales for the Americas, Datadobi. “Now, Jim and his team can get back to enabling and supporting Endeavor’s continued innovation and competitive differentiation that has led to it become a top-tier Midland Basin horizontal operator and one of the largest private oil producers in the United States of America.”
About Endeavor Energy Resources, L.P.
Headquartered in Midland, Texas, Endeavor Energy Resources, L.P. has more than 35 years of experience in the Midland Basin of Texas and over 1,300 valued employees. Holding more than 370,000 net acres primarily in Midland, Martin, Howard, Glasscock, Upton, and Reagan Counties, Texas, Endeavor currently has the second largest land position in the Midland Basin of Texas. In 2016, Endeavor implemented a new horizontal drilling program and has completed more than 350 gross operated horizontal wells with current daily oil production in excess of 130,000 barrels of oil per day. Along with other acreage in the Delaware Basin of Texas and New Mexico and other states, Endeavor has only scratched the surface of its drillable inventory. To learn more, please visit: https://www.endeavorenergylp.com/.
About Datadobi
Datadobi, a global leader in data management and storage software solutions, brings order to unstructured storage environments so that the enterprise can realize the value of their expanding universe of data. Their software allows customers to migrate and protect data while discovering insights and putting them to work for their business. Datadobi takes the pain and risk out of the data storage process and does it exponentially faster than other solutions at the best economic cost point. Founded in 2010, Datadobi is a privately held company headquartered in Leuven, Belgium, with subsidiaries in New York, Melbourne, Dusseldorf, and London. For more information, visit www.datadobi.com, and follow us on Twitter and LinkedIn.
Forward Looking Statements
This release includes statements regarding Endeavor and its operations and business that may contain forward-looking statements within the meaning of United States federal securities laws. Endeavor believes that its expectations and forecasts are based on reasonable assumptions; however, no assurance can be given that such expectations and forecasts will prove to be correct. A number of factors could cause actual results to differ materially from the expectations and forecasts, anticipated results or other forward-looking information expressed in this release, including risks and uncertainties regarding future results, capital expenditures, liquidity and financial market conditions, sufficiency of cash from operations, adverse market conditions and governmental regulations.
PR Contacts:
Nicole Gorman
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Lacy Sperry
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WATCHUNG, N.J.--(BUSINESS WIRE)--#BatteryEnergyStorageSystem--Power Edison, the leading developer and provider of utility-scale mobile energy storage solutions, has been contracted by a major U.S. utility to deliver the system this year. At more than three megawatts (3MW) and twelve megawatt-hours (12MWh) of capacity, it will be the world’s largest mobile battery energy storage system.
“We’re engaged with industry-leading utilities on mobile storage, developing techno-economic analyses, advanced engineered solutions, utility filings and commercial deployments,” said Shihab Kuran, Ph.D., CEO of Power Edison. “Mobile and flexible solutions provide higher reliability and unlock additional benefits for electric utilities, enabling them to make prudent investments on behalf of their ratepayers.”
Utilities are increasingly confronted with grid stresses and constraints. To meet these dynamic challenges, Power Edison has developed robust utility-grade battery storage solutions – with cutting-edge technology that provide reliability when it’s needed and where it’s needed. Power Edison’s engineered solutions incorporate best of breed batteries, inverters, switchgear, safety equipment, mobile transportation platforms and state-of-the-art software for battery, energy and fleet management. Energy storage has key reliability and economic applications for electric utilities and the commercial and industrial sectors. This includes grid resiliency, demand management, renewables integration, EV charging support and backup power.
Power Edison has also developed barge-based batteries that are at the core of its marine-based solutions. The initial set of its 500MWh+ development pipeline is going through final permitting and about to start construction. Power Edison’s barge fleet bring grid storage to key locations where land is at a premium or not available.
“Power Edison has key industry partnerships and a broad solutions portfolio that includes energy storage, solar energy, EV charging, fuel cells and hydrogen,” added Kuran. “We are experiencing strong traction with customers and with investors who are looking to deploy our solutions and leverage our industry expertise.”
“We have developed a full range of innovative, patent-pending solutions offering industry-leading features such as enhanced cybersecurity, ‘plug-and-play’ integration and modularity,” said Yazan Harasis, Director of Projects at Power Edison. “Our software provides asset owners and operators a unified control platform for the various technology assets.”
Power Edison is led by industry veterans with experience in power generation, transmission, distribution, power conversion and smart grid. Power Edison is expanding its team and hiring to further support its growth.
About Power Edison
Power Edison is a leading developer and provider of renewable energy solutions. The company’s proprietary technology offerings include patent-pending hardware and software for land and marine based Battery Energy Storage Systems (BESS) and for Electric Vehicle (EV) charging infrastructure. Power Edison development portfolio includes energy storage, solar energy, EV charging, fuel cells and hydrogen. Power Edison has a development and sales pipeline of over 1GWh of battery storage projects.
Susan DeVico
(415) 235-8758
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One of the nation’s largest global egg and dairy distributors, Hidden Villa Ranch, adds LikidoVOLT® to its sustainability initiatives for clean power generation resulting in low carbon emissions and energy efficiency.
SAN DIEGO--(BUSINESS WIRE)--$DFCO #DFCO--Dalrada Financial Corp. (OTCQB: DFCO, “Dalrada”) is excited to announce that its LikidoVOLT® Clean Energy generators were first purchased and paid by Hidden Villa Ranch, one of the nation’s largest global distributors of cage-free, organic farm fresh eggs and dairy products. Sustainability is one of Hidden Villa Ranch’s environmental initiatives stating on the Company’s website, “energy efficiency and better awareness and reduction policies” are its corporate commitment.
Benefits of LikidoVOLT® include:
In conjunction with manufacturing partner Tongrun International (independently owned and managed facility in Bonham, Texas), Dalrada has developed certain features including IOT technology allowing control and monitoring via a managed network.
Accelerated production is underway in response to the significant interest received by Dalrada’s customers. Dalrada’s Clean Energy solutions include LikidoVOLT® generators, LikidoCRYO® chillers, and LikidoONE® heating and cooling units. All are made in the USA through Dalrada’s co-manufacturer. Demonstration units will be available soon.
Dalrada’s Likido® Clean Energy solutions present viable choices for institutions, businesses, and residences joining the world’s mission to achieve “net-zero emissions by 2050” in support of the Paris Climate Agreement. Likido’s headquarter location in Edinburgh, Scotland, is currently aligned with CLIMAGAL S.L., one of Spain’s oldest and leading refrigeration and air conditioning companies, to facilitate European climate change policy.
Brian Bonar, CEO of Dalrada, states, “Dalrada is an innovation company focused on bringing to the global market sustainability-driven science, engineering, technology, and clean energy solutions. As the nation joins the world in its commitment to eliminate carbon emissions by 2050, Dalrada is extremely excited to provide its first example of LikidoVOLT® sustainable energy generator use by Hidden Villa Ranch.”
About Likido Limited
Likido® is an international technology company, developing advanced solutions for the harvesting and recycling of energy. Using its novel heat pump systems (patent pending), Likido® is revolutionizing the renewable energy sector with the provision of innovative modular process technologies to maximize the capture and reuse of thermal energy for integrated heating and cooling applications. With uses across industrial, commercial, and residential sectors Likido® seeks to provide cost savings and to minimize carbon emissions across supply chains. Likido’s novel technologies enable the effective recovery and recycling of process energy, mitigating against climate change and enhancing quality of life through the provision of low-carbon heating and cooling systems. For more information, please visit www.likido.net.
About Dalrada (DFCO)
Dalrada Financial Corp. (OTCQB: DFCO, “Dalrada”) solves real-world problems by producing innovation-focused and technologically centered solutions on a global level. Delivering next-generation manufacturing, engineering, technology, and healthcare products and services designed to propel growth, Dalrada is a team of industry experts and an organization built upon a strong foundation of financial capital. The Company and its subsidiaries are positioned for stable long-term growth through intelligent market research, sound business acumen, and established operational infrastructure. For more information, visit www.dalrada.com or call 1-858-283-1253.
Disclaimer
Statements in this press release that are not historical facts are forward-looking statements, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management's current views, are based on certain assumptions, and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company's success are more fully disclosed in the Company's most recent public filings with the U.S. Securities and Exchange Commission ("SEC"), including its annual report on Form 10-K.
Media Contact:
Denise Mahaffey
858.283.1253
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TOMONITM intelligent digital solutions at Domo de San Pedro Geothermal Power Station monitor, analyze and model data to:
LAKE MARY, Fla.--(BUSINESS WIRE)--#ChangeInPower--The Domo de San Pedro Geothermal Power Station in Nayarit, Mexico, is the first geothermal power plant in the world to add Mitsubishi Power’s TOMONITM intelligent digital solutions to improve efficiency and reliability. Proven to increase profitability of gas and steam turbine plants around the world, TOMONITM solutions are now being applied to improve geothermal power plant competitiveness through asset optimization, analytics for operator and maintenance support, and artificial intelligence.
Mitsubishi Power built the 25 megawatt (MW) Domo de San Pedro plant under a turnkey engineering, procurement and construction contract completed in 2016. Because geothermal production wells change over time and steam conditions diverge from optimal design, geothermal plants must be optimized to compensate for these changes. Mitsubishi Power’s TOMONITM solutions now provide the plant with the tools to diagnose and predict operating conditions and to develop optimal solutions that improve plant performance and reliability.
TOMONITM solutions include remote monitoring and real-time data analysis of the plant and geothermal production well. Mitsubishi Power combines its experience in plant design with actual operating data to develop in-situ models that identify opportunities to optimize plant operation and maintenance. For example, Mitsubishi Power monitors equipment online for degradation of thermodynamic performance, an indicator of scale accumulation caused by naturally occurring minerals in the steam and hot water, so optimal outage plans can be developed based on the plant’s actual condition rather than on standardized remedial schedules. Mitsubishi Power’s remote monitoring and support services can also shorten or even prevent unplanned outages by detecting anomalies and providing early countermeasure planning and operational guidance.
Mitsubishi Power’s TOMONITM solutions for geothermal plants are a natural extension of Mitsubishi Power’s product lines. Mitsubishi is a global leader in geothermal steam turbines. Its geothermal plant construction, operation and maintenance experience combined with experience developing advanced technology for gas and steam turbine applications provide a firm foundation for tailoring solutions that help geothermal plant operators manage the unique conditions of their plants for improved efficiency and reliability.
Juan Luis Del Valle Luarca, Operations Director at Geotérmica para el Desarrollo S.A.P.I. de C.V. (GEODESA), which owns and operates the plant, said, “We have been pleased with Mitsubishi Power’s expertise in building our geothermal plant, and we appreciate their expertise even more now as we are bringing TOMONITM intelligent digital solutions onboard to optimize plant operation. It is of great support having Mitsubishi Power together with our team closely monitoring the plant, analyzing our data, and developing solutions to ensure that we can provide reliable clean power to our customers.”
Marco Sanchez, Vice President of Intelligent Solutions at Mitsubishi Power, said, “Geothermal power plants are important contributors to energy sector decarbonization. Because they rely on renewable underground reservoirs for steam to rotate turbines rather than on fuel combustion, they have zero carbon emissions. Geothermal wells present unique plant management challenges that Mitsubishi Power has been excited to model and optimize with our digital solutions for the Domo de San Pedro Geothermal Power Station. Tailoring TOMONITM intelligent digital solutions for geothermal plant applications furthers our company’s mission to provide power generation and storage solutions to our customers, empowering them to affordably and reliably combat climate change and advance human prosperity. Together with our customers we are creating a Change in Power.”
About Mitsubishi Power Americas, Inc.
Mitsubishi Power Americas, Inc. headquartered in Lake Mary, Florida, employs more than 2,000 power generation, energy storage, and digital solutions experts and professionals. Our employees are focused on empowering customers to affordably and reliably combat climate change while also advancing human prosperity throughout North and South America. Mitsubishi Power’s power generation solutions include natural gas, steam, aero-derivative, geothermal, distributed renewable technologies, environmental controls, and services. Energy storage solutions include green hydrogen and battery energy storage systems. Mitsubishi Power also offers digital solutions that enable autonomous operations and maintenance of power assets. Mitsubishi Power, Ltd. is a wholly owned subsidiary of Mitsubishi Heavy Industries, Ltd. (MHI). Headquartered in Tokyo, Japan, MHI is one of the world’s leading heavy machinery manufacturers with engineering and manufacturing businesses spanning energy, infrastructure, transport, aerospace and defense. For more information, visit the Mitsubishi Power Americas website and follow us on LinkedIn.
Christa Reichhardt
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Dan Dobbs will transition to chief strategy officer to lead new group
ROCKVILLE, Md.--(BUSINESS WIRE)--#CIP--The newly launched Standard Solar, Inc. Innovations will focus on accelerating the company’s growth by building upon the core assets of its people, its reputation and its financial strength. Dan Dobbs will lead the group as chief strategy officer. Dobbs’ previous role as chief financial officer (CFO) is now held by Song Yi, who previously served as the company’s CFO from 2010 to 2016.
Standard Solar Innovations will focus on continuous improvement, business intelligence systems, intrapreneurship and new services deployment. Standard Solar’s rapid growth over the past few years has helped the company develop and improve many systems and practices. The Innovations group will implement a formal continuous improvement process (CIP) that builds on this knowledge and progress, positioning Standard Solar to continue accelerating its growth. In parallel with the CIP, the group will pursue software solutions that help automate routine tasks, freeing the team to apply their creativity to quickly resolve unique challenges as they arise.
Recognizing the tremendous strengths and ingenuity of its workforce, Standard Solar Innovations will encourage “intrapreneurship” where employees articulate needs, propose solutions, and experiment with new ways to solve technical and business challenges they have identified. The Innovations group will also lead the deployment of products and services, whether developed internally or externally, that respond to market demands for emerging opportunities, such as energy storage.
“One of the most exciting aspects of Standard Solar Innovations is that we are creating a venue where our employees can explore, develop and pursue ideas that improve our current operations or result in entirely new offerings,” Dobbs said. “Our company is full of incredibly bright, entrepreneurial people who have great ideas to make real change in our industry. The Innovations group will provide the platform for their ideas to grow and be implemented.”
Yi returns to Standard Solar to take over as the company’s CFO effective immediately. Yi was previously CFO at Posigen, a solar power and energy efficiency company focused on serving low-income families and communities.
About Standard Solar
Standard Solar is powering the nation’s energy transformation – channeling its project development capabilities, financial strength and technical expertise to deliver the benefits of solar, as well as solar + storage, to businesses, institutions, farms, governments, communities and utilities. Building on 16 years of sustainable growth and in-house and tax equity investment capital, Standard Solar is a national leader in the development, funding and long-term ownership and operation of commercial and community solar assets. Recognized as an established financial partner with immediate, deep resources, the company owns and operates more than 160 megawatts of solar across the United States. Standard Solar is based in Rockville, Md. Learn more at standardsolar.com, LinkedIn and Twitter: @StandardSolar.
PR:
Leah Wilkinson
Wilkinson + Associates
703-907-0010
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SIMI VALLEY, Calif.--(BUSINESS WIRE)--$AVAV #AeroVironment--AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today announced the U.S. Army has exercised an option on its Lethal Miniature Aerial Missile Systems (LMAMS) contract for additional Switchblade® 300 tactical missile systems for the Army and for export to an allied nation. The $44,961,751 contract option increases the total value of the contract to $122,523,677. Delivery will take place over a two-year period.
AeroVironment received the contract option on March 16, 2021 and it will be managed by the U.S. Army Contracting Command – Redstone Arsenal and the U.S. Department of Defense Foreign Military Sales (FMS) program.
"Switchblade is a versatile, combat-proven loitering missile that offers a unique combination of portability, precision, rapid deployment and collateral damage avoidance capabilities to our customers,” said Brett Hush, AeroVironment vice president and product line general manager for tactical missile systems. “The adoption of Switchblade systems across the U.S. armed forces, and now by the first allied nation, reflects its compelling capabilities and its potential for joint interoperability.”
AeroVironment’s combat proven Switchblade 300 is back-packable and rapidly deployable from ground platforms, including a multipack launcher, providing warfighters with rapid-response force protection and precision strike capabilities up to 10 kilometers (6 miles) from its launch location. Its high precision, combined with specialized effects and patented “wave-off” feature, results in Switchblade’s ability to minimize or even eliminate collateral damage.
ABOUT AEROVIRONMENT TACTICAL MISSILE SYSTEMS
AeroVironment’s tactical missile systems provide users with the ability to identify threats and deliver a precision lethal payload with minimal collateral damage. Switchblade® 300 and Switchblade® 600 loitering missile systems enable the warfighter to easily launch, fly, track and engage beyond line-of-sight targets and light armored vehicles across land, maritime and air-launched scenarios. The Blackwing™ loitering reconnaissance system is a variant of Switchblade designed to provide rapid-response intelligence, surveillance and reconnaissance capabilities and can be deployed from a submarine using an underwater-to-air delivery canister, shipboard or mobile ground vehicle via tube-launch or Multipack Launcher (MPL). AeroVironment’s tactical missile systems deliver the actionable intelligence and precision firepower needed to achieve mission success across multiple domains.
ABOUT AEROVIRONMENT, INC.
AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can Proceed with Certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. For more information, visit www.avinc.com.
SAFE HARBOR STATEMENT
Certain statements in this press release may constitute "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from those expressed or implied. Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, our ability to perform under existing contracts and obtain additional contracts; changes in the regulatory environment; the activities of competitors; failure of the markets in which we operate to grow; failure to expand into new markets; failure to develop new products or integrate new technology with current products; and general economic and business conditions in the United States and elsewhere in the world. For a further list and description of such risks and uncertainties, see the reports we file with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.
Makayla Thomas
AeroVironment, Inc.
+1 (805) 520-8350
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Mark Boyer
For AeroVironment, Inc.
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Over $1.4 billion was raised through securitization in Q1 2021
AUSTIN, Texas--(BUSINESS WIRE)--#MA--Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its report on funding and merger and acquisition (M&A) activity for the global solar sector in the first quarter of 2021.
Total corporate funding , including venture capital funding, public market, and debt financing into the solar sector in Q1 2021, came to $8.1 billion (B) in 36 deals, a 21% increase compared to $6.7B in 43 deals in Q4 2020.
CHART: Solar Corporate Funding Q1 2020-Q1 2021
“Financing activity in the solar sector started strong in 2021 with Q1 numbers up substantially year-over-year. Even though solar stocks lost some of their spark in the first quarter after an unprecedented run in 2020, a big IPO and record securitization activity lifted overall fundraising totals. Solar assets continue to be in great demand with almost 15 GW of projects acquired in Q1,” said Raj Prabhu, CEO of Mercom Capital Group.
CHART: Solar Top Corporate Funding Deals in Q1 2021
The top corporate funded deal in Q1 2021 was the $2.2B raised by Shoals Technologies Group through an IPO.
Global VC funding for the solar sector in Q1 2021 came to $1B in 14 deals.
Of the $1B in VC funding raised in 14 deals during Q1 2021, 96% went to solar downstream companies with $990 million (M) in 10 deals.
The top VC/PE funded company in Q1 2021 was Loanpal which raised $800M.
A total of 43 VC investors participated in Q1 2021.
Public market financing in the solar sector dropped slightly, with $2.8B raised in eight deals in Q1 2021 compared to $3B raised in 17 deals in Q4 2020.
Announced debt financing in Q1 2021 jumped to $4.3B in 14 deals compared to Q4 2020 with $2.9B in 14 deals.
Five securitization deals totaling $1.4B were recorded in Q1 2021, the largest amount of financing through securitization since 2013.
There were 20 solar M&A transactions in Q1 2021 compared to 12 transactions in Q1 2020.
There were 82 large-scale solar project acquisitions in Q1 2021 compared to 83 transactions in Q4 2020. Acquired projects totaled 14.6 GW in Q1 2021.
CHART: Solar Project Acquisitions Q1 2020-Q1 2021 (By GW)
Project Developers and Independent Power Producers were the most active acquirers in Q1 2021, with 5.2 GW.
CHART: Solar Project Acquisitions by Country Q1 2021 (By MW)
CHART: Solar Project Acquirer Mix (%) Q1 2021
340 companies and investors are covered in this 91-page report.
Get the report: https://mercomcapital.com/product/q1-2021-solar-funding-ma-report/
About Mercom Capital Group
Mercom Capital Group is a global communications and consulting firm focused on clean energy. Mercom produces funding and market intelligence reports covering Solar and Battery Storage/Smart Grid/Efficiency. Mercom advises cleantech companies on new market entry, custom market intelligence and strategic decision-making. https://www.mercomcapital.com
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Wendy Prabhu
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Formerly NOHMs Technologies, the company combines proprietary electrolyte with a newly developed silicon anode design for a low-cost, high-performance and safer lithium-ion battery
ROCHESTER, N.Y.--(BUSINESS WIRE)--NOHMs Technologies, long recognized as a leading provider of advanced electrolyte products for next-generation lithium-ion (Li-ion) batteries, today announced its relaunch as Sionic Energy, transforming its business to deliver complete advanced battery cell designs that incorporate its breakthrough technologies into a drop-in, rapidly commercialized, low cost, high performance, safer Li-ion technology.
Sionic’s silicon battery cell designs incorporate the company’s complete technology innovations that deliver up to 50% greater energy density, 30% lower cost, and increased safety, and can be integrated into cylindrical, pouch, or prismatic cell formats in existing cell production supply chains and infrastructure.
Most silicon battery designs currently available or under development require expensive materials and complex processes that can significantly increase costs. Sionic Energy’s innovations utilize pure low-cost micron silicon, integrated with advanced electrolyte designs for exceptional performance, cycle life and increased safety. Sionic Energy’s battery design is agnostic to cathode materials, enabling the extensibility of performance across a variety of current and emerging cathode designs.
As part of this transformation Ed Williams, NOHMs’ Company Chairman, Acting CEO, and 15-year battery industry executive will assume the position of CEO and guide the company through its accelerated growth strategy into the automotive, consumer electronics, and aviation battery markets. With Williams at the helm, Sionic Energy is on track to have its battery design ready for production and commercialization in light aviation (drones) and consumer electronics sectors by late 2022.
“With the world depending on lithium-ion batteries to power our devices, our vehicles and our infrastructure, battery performance, cost and safety have become more critical metrics for success and progress than ever,” said Williams. “Through collaboration with the exceptional team at NOHMs, our launch of Sionic Energy unites their legacy electrolyte technologies with our recently acquired high-capacity silicon anode technology, from the University of Colorado Boulder, to create a truly market disruptive battery. We’re looking forward to addressing the market’s growing demand for a drop-in, next generation, lithium-ion battery technology.”
Based on the ease of integration into existing battery production, supply chains, and products, Sionic Energy has created a licensing model for its battery technology to accelerate and broaden adoption by major commercial markets. Production-scale prototype cells will be available in Q4 this year for customer evaluations and testing.
In commercializing these latest silicon anode technologies, Sionic will collaborate with Professor Sehee Lee’s lab and team of postdocs at the University of Colorado Boulder. Over the past decade at the university, Dr. Lee’s team has created a legacy of Li-ion battery innovations that help drive the adoption of energy storage in products and their positive impact on climate change.
“The market’s urgent need for next-generation Li-ion battery performance and safety at a lower cost is well documented across every major product category: electric vehicles, consumer electronics and aviation,” said John Chen, investor, board member, and Managing General Partner of Phoenix Venture Partners LLC (PVP). “Sionic Energy’s disruptive combination of high performance at an attractive cost point with ease of commercialization and scaleup positions their silicon battery technology well to power next-generation products relying on better battery technology to reduce contributions to climate change.”
About Sionic Energy: Originally established in 2011, with the technology and team of Cornell University scientists, the company, previously named NOHMs Technologies, Inc. has been a leading provider of electrolyte products for next generation Li-ion batteries. Partnering with leading automotive, mobile device, battery, and chemical manufacturing companies, on those products, Sionic Energy is now well positioned in the market for rapid introduction of its complete battery cell technology and expects to have its breakthrough battery design in production by the end of 2022.
Media
Leo Traub
646-883-3562
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MILLBROOK, N.Y.--(BUSINESS WIRE)--Tankfarm, a new kind of propane distribution company, announced today that it has released the Tankfarm app on the Android operating system. The app is already available on all Apple and iOS devices.
“We are thrilled to announce that the Tankfarm mobile app is now available to all our users, whether they use an iOS or Android device," said Andrew Heaney, Tankfarm co-founder and CEO. "90% of Tankfarm customers find us on a mobile device, and of those devices roughly half run on Android. This additional capability is a big step forward in making the Tankfarm experience available to everyone.”
Tankfarm invests in software and tank monitors to make deliveries more efficient and profitable for suppliers and more convenient for consumers. The company aims to improve the propane industry’s approach to technology, so it can begin to meet the expectations of today’s propane consumer. The U.S. propane industry is highly fragmented and has been slow to embrace new technology.
“This development is an important step forward in our effort to develop a proprietary ecosystem of software and sensors that will offer the best consumer experience in the propane industry,” Heaney explained. “We can’t wait to show the world what we’re building for our users next.”
Tankfarm builds software and applications that connect propane customers with suppliers in an easy, intuitive, transparent way. The company is laser focused on the residential propane market and delivers a seamless customer experience. The software is free to use, Tankfarm does not charge any hidden nuisance fees, and customer service is a priority. To fulfill deliveries, Tankfarm has partnered with top propane marketers in 30 states and from over 200 locations. Its mobile app communicates with a wireless monitor Tankfarm places on all tanks to help customers know how much propane they have in their tank, how much they’re using and when they’re using it.
Tankfarm is headquartered in Millbrook, New York. For more information, visit: https://tankfarm.io
About Tankfarm
Tankfarm is a propane distribution company that invests in software and tank monitors to make deliveries more efficient and profitable for our suppliers, and to delight our users. Tankfarm’s free software connects residential propane customers with suppliers; offers transparent, upfront pricing; and provides superior customer service. The Tankfarm supplier network spans 30 states and over 200 locations. Our mission is to improve the propane industry’s approach to technology and improve the customer experience.
Tankfarm is a member of the National Propane Gas Association (NPGA), the Propane Gas Association of New England (PGANE), the Maine Energy Marketers Association, the New York Propane Gas Association (NYPGA), the New Jersey Propane Gas Association (NJPGA), the Pennsylvania Propane Gas Association (PAPGA), the Mid-Atlantic Propane Gas Association (MAPGA) the Virginia Propane Gas Association (VPGA), the Rocky Mountain Propane Association(RMPA), the Western Propane Gas Association (WPGA), the Pacific Propane Gas Association (PPGA), and the Texas Propane Gas Association (TPGA).
Tankfarm
Andrew Heaney
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The Birch Solar project will deliver nearly 600,000 megawatt hours of renewable energy annually into the local AEP grid, reducing carbon emissions by 423,700 metric tons each year
COLUMBUS, Ohio--(BUSINESS WIRE)--#PPA--Lightsource bp has executed a power purchase agreement with Amazon for a new 375 megawatt (MWdc) solar project under development in Ohio, as part of Amazon’s long-term commitment to power its global infrastructure with renewable energy. Once complete, the solar facility is expected to deliver nearly 600,000 megawatt hours (MWh) annually of additional renewable energy for Amazon operations locally – equivalent to the annual electricity consumption of about 55,000 U.S. homes.
The project will be located in Auglaize and Allen Counties. Generation from the solar project is expected to reduce greenhouse gas emissions by 423,700 metric tons of CO2 annually, equivalent to removing 91,515 fuel burning cars off the road.
Michael Ruppert, Business Manager IBEW Local Union 32: “This solar project will bring additional investment dollars into our community, while helping to power both local businesses and the economy. New and established businesses like Amazon are investing in Ohio, and with that investment comes the desire to be able to purchase home-grown Ohio power that’s cost competitive, clean and renewable. Projects like this allow for energy investment and other economic benefits to remain local.”
Local economic development
Solar projects do more than reduce emissions that negatively affect our environment and the health of Ohioans. They also help strengthen local economies by contributing significant new annual revenue to schools and other public services, bringing multi-million-dollar annual operations budgets, and creating good paying construction jobs. It is expected that the Birch Solar Project will be the largest corporate taxpayer in Allen County. Locally generated renewable energy also attracts and retains businesses such as Amazon, who significantly contribute to Ohio’s economy.
Stephanie Kromer, Director of Energy & Environmental Policy at Ohio Chamber of Commerce: “Amazon has a long-term commitment to utilize 100% renewable energy and has invested in operations infrastructure in Ohio. In just three years, the combined direct, indirect and induced effects of Amazon’s investment in our state could create thousands of new jobs for Ohioans, and hundreds of millions of dollars in new regional income and GDP in Ohio.”
Additional economic investment and local benefits of this project will include:
Emilie Wangerman, SVP of Business Development for Lightsource bp: “Investment in renewable energy by corporates such as Amazon is spurring development of clean and affordable energy sources in the U.S. that are benefiting everyone – from reducing pollution from electricity generation for our country’s overall grid to economic benefits, including new revenue for schools, that are staying local and supporting communities near the projects."
About Lightsource bp
Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. Our team includes over 500 industry specialists, working across 14 countries. We provide a full service to our customers, from initial site selection, financing and permitting through to long-term management of solar projects. Lightsource bp in the U.S. is headquartered in San Francisco with development offices in Denver, Philadelphia, Atlanta and Houston. Since late 2017, the team has developed a pipeline of more than of more than 8 gigawatts of large-scale solar projects at various stages of development across the United States with over 2 gigawatts of contracted assets representing almost $2 billion in near term projects. For more information please visit lightsourcebp.com.
Mary Grikas
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BOSTON--(BUSINESS WIRE)--#climatechange--Natixis Investment Managers (Natixis) today announced the Mirova US Climate Ambition Equity investment strategy is now available to financial advisors and their clients through retail separately managed accounts (SMAs). The strategy is managed by Mirova, an affiliate of Natixis Investment Managers and certified B Corporation dedicated to sustainable investment, and one of only 20 asset managers selected by the Principles for Responsible Investment (PRI) organization to the PRI Leaders Group 2020.
The Mirova US Climate Ambition Equity strategy is a diversified core US equity portfolio with a four-year track record designed to have a high positive climate impact by investing in a diversified range of companies, including companies whose activities will lead to a significant reduction in induced carbon emissions and/or a significant increase in saved carbon emissions. The strategy also seeks to actively invest in firms that derive more than 50% of their revenues from activities with a positive climate impact, which are likely to benefit from a transition to a less carbon-centric economy. The strategy seeks to outperform the S&P 500 within a defined risk budget.
“We believe that investors can outperform the market in the long-term by investing in high-quality companies that will help to reduce carbon emissions and contribute to a more sustainable economy,” said Jens Peers, CFA®, CEO and CIO at Mirova US. “Offering the Climate Ambition strategy as a retail SMA enables advisors and their clients to access it in a format that was previously only available to institutional investors.”
The Mirova US Climate Ambition strategy uses a proprietary quantitative, rules-based approach to portfolio construction, integrating considerations such as a qualitative sustainability analysis of each investment based on environmental, social and governance (ESG) criteria, an assessment of risk factors including those related to energy transition, and fundamental views on companies’ climate impact, incorporating an advanced lifecycle approach to the assessment of carbon impact. Mirova is a signatory of the Net Zero Asset Management initiative, and like all of Mirova’s equity portfolios, the strategy is aligned with a <2°C global warming scenario, in line with the Paris Agreement.
“Client demand for climate-focused investment strategies has never been stronger, and expanding access to the Mirova US Climate Ambition strategy through a retail SMA provides investors with an efficient way to invest in this well-established strategy,” said David Giunta, CEO for the US at Natixis Investment Managers.
The strategy is co-managed by Manuel Coeslier and David Belloc, CFA®, and is managed by Mirova US LLC. Coeslier is a portfolio manager and SRI analyst at Mirova who specializes in measuring the impact of investment portfolios on climate and the energy transition. He led the development of
Mirova’s carbon assessment methodology and has been a member of the European Commission’s Technical Expert Group on Sustainable Finance where he particularly worked on climate benchmarks. Belloc is a cross-asset Portfolio Manager at Mirova with more than 20 years of investment experience. Earlier in his career he managed strategies in quantitative equities, smart beta and convertible bonds. The team also draws on a global team of multi-disciplinary specialists and a Responsible Investment Research Team with analysts dedicated to ESG research.
The Mirova US Climate Ambition strategy was previously available through institutional separately managed accounts and will now be available to retail investors through financial advisors via model delivery, single contract and dual contract SMA programs.
Mirova also manages three equity mutual funds available to US investors, the Mirova US Sustainable Equity Fund (MUSYX), the Mirova International Sustainable Equity Fund (MRVYX), and the Mirova Global Sustainable Equity fund (ESGYX). All three strategies are also available to eligible financial advisors and their clients as SMAs. The firm also offers an ESG fixed income mutual fund, the Mirova Global Green Bond Fund (MGGYX).
About Mirova
Mirova is an investment manager dedicated to responsible investment. Through a conviction-driven investment approach, Mirova’s goal is to combine value creation over the long term with sustainable development. Mirova’s experts have been pioneers in many areas of sustainable finance. Their ambition is to keep innovating to create the most impactful solutions to meet their clients’ goals. Mirova manages $23.9 billion as of December 31, 2020, which includes $4.96 billion managed by its US subsidiary, Mirova US LLC.
About Mirova US
Mirova US is an SEC registered investment advisor that is a wholly owned affiliate of Mirova. Mirova is operated in the US through Mirova US. Mirova US and Mirova entered into an agreement whereby Mirova provides Mirova US investment and research expertise, which Mirova US then combines with its own expertise when providing advice to clients.
About Natixis Investment Managers
Natixis Investment Managers serves financial professionals with more insightful ways to construct portfolios. Powered by the expertise of more than 20 specialized investment managers globally, we apply Active Thinking® to deliver proactive solutions that help clients pursue better outcomes in all markets. Natixis Investment Managers ranks among the world’s largest asset management firms1 with nearly $1.4 trillion assets under management2 (€1,135.5 billion).
Headquartered in Paris and Boston, Natixis Investment Managers is a subsidiary of Natixis. Listed on the Paris Stock Exchange, Natixis is a subsidiary of BPCE, the second-largest banking group in France. Natixis Investment Managers’ affiliated investment management firms include AEW; Alliance Entreprendre; AlphaSimplex Group; DNCA Investments;3 Dorval Asset Management; Flexstone Partners; Gateway Investment Advisers; H2O Asset Management; Harris Associates; Investors Mutual Limited; Loomis, Sayles & Company; Mirova; MV Credit; Naxicap Partners; Ossiam; Ostrum Asset Management; Seeyond; Seventure Partners; Thematics Asset Management; Vauban Infrastructure Partners; Vaughan Nelson Investment Management; Vega Investment Managers;4 and WCM Investment Management. Additionally, investment solutions are offered through Natixis Investment Managers Solutions, and Natixis Advisors offers other investment services through its AIA and MPA division. Not all offerings available in all jurisdictions. For additional information, please visit Natixis Investment Managers’ website at im.natixis.com | LinkedIn: linkedin.com/company/natixis-investment-managers.
Natixis Investment Managers’ distribution and service groups include Natixis Distribution, L.P., a limited purpose broker-dealer and the distributor of various US registered investment companies for which advisory services are provided by affiliated firms of Natixis Investment Managers, Natixis Investment Managers S.A. (Luxembourg), Natixis Investment Managers International (France), and their affiliated distribution and service entities in Europe and Asia.
Before investing, consider the fund's investment objectives, risks, charges, and expenses. Visit im.natixis.com or call 800-862-4863 for a prospectus or a summary prospectus or a summary prospectus containing this and other information. Read it carefully.
Natixis Distribution, L.P. is a limited purpose broker-dealer and the distributor of various registered investment companies for which advisory services are provided by affiliates of Natixis Investment Managers. • Natixis Distribution, L.P. is located at 888 Boylston Street, Suite 800, Boston, MA 02199-8197 • 800-225-5478 • im.natixis.com • Member FINRA | SIPC
Equity Securities Risk: Equity securities are volatile and can decline significantly in response to broad market and economic conditions.
Foreign and Emerging Market Securities Risk: Foreign and emerging market securities may be subject to greater political, economic, environmental, credit, currency and information risks. Foreign securities may be subject to higher volatility than US securities, due to varying degrees of regulation and limited liquidity. These risks are magnified in emerging markets.
Small and Mid-Cap Stocks Risk: Investments in small and midsize companies can be more volatile than those of larger companies.
ESG Investing Risk: The Fund's ESG investment approach could cause the Fund to perform differently compared to funds that do not have such an approach or compared to the market as a whole. The Fund's application of ESG-related considerations may affect the Fund's exposure to certain issuers, industries, sectors, style factors or other characteristics and may impact the relative performance of the Fund – positively or negatively – depending on the relative performance of such investments.
Currency Risk: Currency exchange rates between the US dollar and foreign currencies may cause the value of the fund's investments to decline.
1 Cerulli Quantitative Update: Global Markets 2020 ranked Natixis Investment Managers as the 17th largest asset manager in the world based on assets under management as of December 31, 2019.
2 Assets under management (“AUM”) as of December 31, 2020 is $1,389.7 billion. AUM, as reported, may include notional assets, assets serviced, gross assets, assets of minority-owned affiliated entities and other types of non-regulatory AUM managed or serviced by firms affiliated with Natixis Investment Managers.
3 A brand of DNCA Finance.
4 A wholly-owned subsidiary of Natixis Wealth Management.
3551324.4.1
Media:
NATIXIS INVESTMENT MANAGERS
Kelly Cameron
Tel: 617-449-2543
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Ecoppia’s water-free robotic cleaning technology performs fully automated nightly cleaning of solar modules to ensure peak performance year round
TEL AVIV, Israel--(BUSINESS WIRE)--#fortune500--Ecoppia, the world-leader in robotic cleaning technology for photovoltaic solar sites, announced today that it has completed the installation of its robots at a solar site in California, USA, operated by The AES Corporation, a Fortune 500 global energy company that provides greener, smarter energy solutions in 15 countries worldwide. AES is the largest private owner of operating solar assets in the United States.
With this deployment, Ecoppia has reached another significant millstone, servicing more than 2,700 MW of deployed projects globally. Ecoppia anticipates that this growth trajectory will continue as the adoption of solar energy expands in the United States and around the world.
The AES site in California will feature the light weight Ecoppia T4 solution, designed especially for Single Axis trackers. The completely autonomous T4 robots operate nightly, cleaning large-scale solar arrays without the use of water, human operators, or electricity – the robots are solar powered.
The environmentally friendly robots keep solar modules clean and functioning at peak productivity while saving millions of gallons of water, providing a truly sustainable approach to the operation and maintenance of solar modules.
“Innovation is a core competitive advantage for AES as we play a leading role in the growing solar market in the United States,” said Leo Moreno, President of AES Clean Energy. “By employing Ecoppia’s leading-edge robotic technology, AES will ensure year-round peak performance of our solar sites. We are confident Ecoppia’s solutions will further increase our competitiveness and bottom line.”
“We are pleased and honored to have been chosen by a solar power giant like AES,” said Jean Scemama, CEO of Ecoppia. “This is an important milestone in our expansion to the Americas after eight years of operation mainly in the Middle East and India. The installation of our next joint project with AES in Chile is already underway.”
About Ecoppia
With over 16GW of signed agreements, Ecoppia (TASE: ECPA) is a pioneer and world leader in robotic solutions for photovoltaic solar. Ecoppia’s cloud-based, water-free, autonomous robotic systems remove dust from solar panels on a daily basis leveraging sophisticated technology and advanced Business Intelligence capabilities. Remotely managed and controlled, the Ecoppia platform allows solar sites to maintain peak performance with minimal costs and human intervention. Ecoppia’s proprietary algorithms and robotic solutions make day-to-day O&M at solar sites safer, more efficient and more reliable. Publicly held and backed by prominent international investment funds, Ecoppia works with the largest energy companies across the globe, cleaning millions of solar panels every day. For more information, visit www.ecoppia.com
About AES
The AES Corporation (NYSE: AES) is a Fortune 500 global energy company accelerating the future of energy. Together with our many stakeholders, we're improving lives by delivering the greener, smarter energy solutions the world needs. Our diverse workforce is committed to continuous innovation and operational excellence, while partnering with our customers on their strategic energy transitions and continuing to meet their energy needs today. For more information, visit www.aes.com.
Anat Cohen Segev
VP Marketing, Ecoppia
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+972-9-8917000
BOSTON--(BUSINESS WIRE)--#LifeisOn--Schneider Electric Solar has announced the Schneider Electric Solar Store, an e-commerce store where customers can purchase Schneider Electric’s solar products. Schneider Electric Solar is looking to enhance the experience of their customers with the convenience of online shopping.
The Schneider Electric Solar Store offers easy navigation to find all current Schneider Electric solar products that are available in the North American market, including the XW Pro and SW hybrid inverters, MPPT charge controllers, power distribution panels, InsightHome and InsightFacility edge devices, as well as accessories.
Customers can select expedited shipping options for locations in the United States, Puerto Rico, and Canada. Products can be shipped in multiple shipments on the dates customers requested. Solar installers can also make purchases and ship the products directly to homeowners.
The shoppers can expect key online shopping experiences such as:
“The Covid-19 pandemic accelerated the digitalization in both workplaces and households. We built the Schneider Electric Solar Store to make it easy for our customers to purchase our solar products online,” says Bernhard Kiechl, VP of Marketing, Research & Development, Schneider Electric Solar. “The e-commerce store is another way to establish a long-term relationship with our customers and help them get access to clean and resilient energy supplies.”
To purchase Schneider Electric solar products, please visit shop-us.solar.se.com.
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.
Hashtags: #LifeIsOn #DigitalEconomy #SEsolar
Related resources:
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Jason Newton to Serve as COO Across All CAM Entities
HOUSTON--(BUSINESS WIRE)--CAM Integrated Solutions, LLC (CAM), a provider of EPCM services to the energy industry, announced today the promotion of Jason Newton to Chief Operations Officer. Jason will lead operations for all entities of CAM: CAM Integrated Solutions, CAM Field Solutions, CAM Process Technologies, and Ascend Automation & Controls.
Newton’s career spans over 17 years as a management executive and project management professional within the oil and gas and petrochemical construction industries. With a Bachelor of Science in Mechanical Engineering from Texas Christian University, Jason specializes in onshore projects across a multitude of midstream transmission, compression, gathering, treating, and processing facilities.
His skills include the development and management of project teams with discipline specific and interdisciplinary roles, tasks, and execution strategies, as well as handling upper management and back-office management teams. Newton is proficient at strategic planning for business development, market penetration, and staffing.
Jason joined CAM in August of 2016 and has successfully served in the roles of Sr. Project Manager, Facilities Engineering Manager, Dir. of Midstream Facilities, most recently serving in the position of VP of Engineering Operations over CAMIS and CAM Field.
Craig Pierrotti, CEO, states “Jason has been instrumental in building CAM from the very beginning to where it is today. Through his proven leadership and results-driven work ethic, he has been and will continue to be a pillar of strength for the organization. There is no doubt that he will be successful in this role as a key member of our executive leadership team.”
About CAM Integrated Solutions, LLC (CAM)
CAM Integrated Solutions, founded in 2015, provides integrated EPCM solutions for the energy market. CAM provides clients with a wide range of services, from concept to in-service, including engineering and design, procurement, fabrication, construction management, survey, right-of-way, and automation and controls. CAM’s multi-talented, operator-experienced team delivers consistent results for simple or complex projects. For more information, visit www.camintegrated.com.
Kelli Hardin
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832-533-8202
camintegrated.com
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 $4,464,842.99 or $0.095794 per Unit, based primarily upon estimated production during the month of February 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 May 14, 2021, to Unit Holders of record as of April 30, 2021.
Based upon information provided to the Trust by Hilcorp, gas production for the subject interests totaled 2,401,460 Mcf (2,668,289 MMBtu) for February 2021, as compared to 2,631,464 Mcf (2,923,849 MMBtu) for January 2021. Dividing revenues by production volume yielded an average gas price for February 2021 of $4.67 per Mcf ($4.20 per MMBtu), as compared to an average gas price for January 2021 of $2.36 per Mcf ($2.12 per MMBtu).
Hilcorp informed the Trust that due to Hilcorp’s transition to a new accounting system, the February 2021 reporting month is based on estimated production, estimated prices and estimated costs.
Hilcorp also reported that for the reporting month of February 2021, revenue included an estimated $100,000 for non-operated revenue. For the month ended February 2021, Hilcorp reported to the Trust capital costs of $86,941, lease operating expenses and property taxes of $3,029,846, and severance taxes of $2,041,162.
Contact: |
San Juan Basin Royalty Trust |
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BBVA USA, Trustee |
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2200 Post Oak Blvd., Floor 18 |
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Houston, TX 77056 |
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website: www.sjbrt.com |
e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it. |
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Joshua R. Peterson, Head of Trust Real Assets & Mineral Resources |
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and Senior Vice President |
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Kaye Wilke, Investor Relations, toll-free: (866) 809-4553 |
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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
New SmartCraft Connect gateway brings VesselView engine data to Garmin multi-function displays
OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International, Inc., a unit of Garmin Ltd. (NASDAQ:GRMN), the world’s largest1 and most innovative marine electronics manufacturer, today announced it has added support for Mercury Marine® VesselView engine data across its ECHOMAP™ Ultra, ECHOMAP UHD* and GPSMAP® series multi-function displays (MFDs).
“We’re pleased to work with Mercury to offer engine data features that our customers and OEMs have been asking for,” said Dan Bartel, Garmin vice president of worldwide sales. “VesselView compatibility gives boaters access to vital Mercury engine information directly on their Garmin display for a more integrated and convenient on-the-water experience.”
Compatible Garmin displays on Mercury-powered boats can receive engine performance data, including rpm, speed, fuel flow, temperature, trim and much more via Mercury’s new SmartCraft Connect gateway, which enables monitoring of up to four engines simultaneously.
“Our VesselView system, available to Garmin users via SmartCraft Connect, keeps track of everything and provides alerts if any engine measurements stray from the norm. That way, boaters can have peace of mind and pay attention to more important things like enjoying their time on the water,” said Rob Hackbarth, Mercury SmartCraft product category director.
VesselView functionality is expected to be available for Garmin customers in the second quarter of 2021. It will require a free software update from Garmin and the purchase of a SmartCraft Connect gateway from Mercury. To learn more, visit mercurymarine.com/smartcraftconnect or garmin.com/support.
Engineered on the inside for life on the outside, Garmin products have revolutionized life for anglers, sailors, mariners and boat enthusiasts everywhere. Committed to developing the most sophisticated marine electronics the industry has ever known, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. For the sixth consecutive year, Garmin was recently named the Manufacturer of the Year by the National Marine Electronics Association (NMEA). Other Garmin marine brands include Navionics® and Fusion®. For more information, visit Garmin's virtual pressroom at garmin.com/newsroom, contact the Media Relations department at 913-397-8200, or follow us at facebook.com/garmin, twitter.com/garminnews, instagram.com/garmin or youtube.com/garmin.
1 Based on 2019 reported sales
*ECHOMAP UHD 7-, or 9-inch units
About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (Nasdaq: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin, GPSMAP, Navionics and Fusion are registered trademarks and ECHOMAP is a trademark of Garmin Ltd. or its subsidiaries.
Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management’s current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors listed in the Annual Report on Form 10-K for the year ended December 26, 2020, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). A copy of such Form 10-K is available at https://www.garmin.com/en-US/company/investors/earnings/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
Carly Hysell
913-397-8200
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Company’s enterprise net retention grows to 125% as project44 lands record number of new enterprise customers, expands its lead in carrier network coverage, and acquires Ocean Insights
CHICAGO--(BUSINESS WIRE)--Today project44, the global leader in supply chain visibility, announced record growth in 2021, achieving 135% in new customer bookings year-over-year and landing more than 50 new accounts within the first quarter of 2021. Part of its first quarter growth also included the acquisition of Ocean Insights in March. Customer adoption in Q1 was also strong, with enterprise retention at 125%, while another 123 people were hired in an aggressive push to expand the company’s footprint in the market. In addition, project44 greatly extended its lead on the carrier network front and launched several new product enhancements that deliver greater supply chain resiliency and open new opportunities for ecosystem partners. With project44, shippers, carriers, and third-party logistics providers can operate more efficiently, mitigate disruptions, and collaborate with each other to more efficiently meet customer demand. Collectively, project44 will enable these platform participants to remove over $2B in transportation costs from their supply chains this year.
“2021 is off to an amazing start for project44, fueled by an increase in demand for real-time visibility and a dramatic rise in our ability to beat our competition in head-to-head deals,” said Jett McCandless, founder and CEO of project44. “Now more than ever, visibility is vital to carriers, shippers, and logistics providers, and our team’s capacity for flawless execution has put p44 in an incredibly strong leadership position."
In addition to the robust growth performance, early 2021 milestones include:
Named Leader in Gartner Magic Quadrant – Gartner named project44 a Leader in the research firm’s first ever Magic Quadrant for Real-Time Transportation Visibility Platforms (RTTVP). Gartner evaluated 14 vendors out of which project44 received the highest placement for its ability to execute and was also recognized for its completeness of vision.
Expanded Carrier Network Coverage – project44 continues to enjoy the largest global carrier network, growing 112% over the last 12 months with over 212,000 active data sharing connections. In January, the company opened a Center of Excellence in Krakow, Poland, to rapidly scale carrier onboarding efforts. At the same time, project44 nearly doubled its global carrier onboarding teams, which includes the support of 16 languages, and added a dedicated customer onboarding function.
Growing Partner Ecosystem – project44 launched air freight tracking, which is now available for all SAP LBN customers, and also partnered with SupplyStack for TMS integration and Time Slot Booking solutions for extended warehouse visibility. These applications yielded new customer wins in North America, Europe, and Asia.
Rapid Team Expansion – Since the beginning of Q1, the project44 team grew exponentially – with 123 more team members in just three months. Several those new hires included women executives, such as Diane Gordon, SVP of Global Customer Success, and Sanida Bratt, SVP of Product Management.
New Products – project44 launched several new products, including: Port Intel, a real-time port congestion aid for shippers; Supplier Visibility, a product that tracks hard-to-track shipments for prepaid supplier freight; and integrated Slot-booking, which merges third party time slot booking capabilities with real-time visibility directly on the p44 platform.
Key Data Insights – In March, Ocean Insights, a project44 company, released its ocean shipment data that provided critical insight into the impact of ongoing delays at major ports, including the catastrophic Suez Canal blockage. The analysis was cited in key publications such as The Financial Times, The Wall Street Journal, Daily Mail, Wired, Bloomberg, RT and more.
To learn more, visit www.project44.com.
About project44
project44 solves some of the world’s most critical logistics challenges by connecting, automating, and providing real-time visibility into global transportation processes. With project44’s cloud-based platform, organizations can increase operational efficiencies, reduce costs, improve shipping performance, and deliver an exceptional, Amazon-like experience to their customers. project44 supports all transportation modes and shipping types, including air, parcel, final-mile, less-than-truckload, volume less-than-truckload, groupage, truckload, rail, intermodal, and ocean. To learn more, visit www.project44.com.
Charlie Ungashick
Chief Marketing Officer
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The company to offer seven $1,000 grants to engage local middle and high schoolers on the region’s growing clean energy sector and highlight the urgency of climate change
NORTHFIELD, Mass.--(BUSINESS WIRE)--In celebration of Earth Day, FirstLight Power, a leading clean power producer and energy storage company, announced today that the company is launching the Valley Climate Champions education grant program. The program was created to engage Franklin County middle and high school teachers and students on the region’s growing clean energy sector and to highlight the urgency of climate change. The program will include a total of seven $1,000 grants available to high school and middle school teachers – one grant for each of the Franklin County school districts and Franklin County Technical School. An additional $2,000 will be awarded to the grant recipient with the best end product presented in the Spring of 2022, chosen by a selection committee.
“As the largest clean energy producer in New England, FirstLight is honored to engage Franklin County teachers and students on the importance of sustainability and increase awareness of climate change through the Valley Climate Champions Program,” said Alicia Barton, CEO of FirstLight. “This new grant program builds on our long-standing investments in educational programming in Franklin County. Through our engagement with local teachers and students, we hope to identify and empower future leaders of our clean energy workforce and encourage conversations around our changing climate and visions for an equitable clean energy future. ”
FirstLight’s Valley Climate Champions Program asks that eligible teachers apply through an online application form by July 30, 2021. In this application, teachers will share their preliminary approach and will outline how they plan to engage students on the positive impact of clean energy on the region, including highlighting local jobs in the renewable energy sector, energy equity, environmental justice, and other relevant topics.
“FirstLight’s Valley Climate Champions Program is an extraordinary way for our local high school and middle school students to build the necessary skills to become the next generation leaders in our fight against climate change and to be part of our region’s clean energy transition,” said Yves Salomon-Fernandez, President of Greenfield Community College (GCC). “GCC is proud to be an advisor to this program, which will allow Franklin County students to weigh in on the important issues facing our communities, including environmental justice, increasing awareness about sustainable technologies and climate science, and exploring the clean energy workforce –a growing industry that employs people right here in the Valley.”
FirstLight is looking for students’ thoughts on how they think these pressing topics are important to them and their communities. The final product can consist of interviews, projects, or another relevant area that is of interest to them; creativity is encouraged! FirstLight will announce the recipients of the grants before the start of the 2021 fall semester.
ABOUT FIRSTLIGHT POWER
FirstLight Power (FirstLight) is a leading clean power producer and energy storage company in New England with a portfolio that includes nearly 1,400 megawatts of pumped-hydro storage, battery storage, hydroelectric generation, and solar generation – the largest clean energy generation portfolio in New England today. Based in Burlington, MA, with operating offices in Northfield, MA and New Milford, CT, FirstLight provides stewardship of and recreational access to 14,000 acres of land and waters along the Connecticut, Housatonic, Shetucket, Still, and Quinebaug Rivers. To learn more, visit www.firstlightpower.com.
Media :
Carter Wall, Manager of Government Affairs and Community Relations
Cell: 413-834-2126, Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Brittany Murphy, Slowey McManus Communications
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