WASHINGTON--(BUSINESS WIRE)--Nodal Exchange announced new trading records in power and environmental futures as of end of June 2021. Nodal achieved record half year power volume for the first half of 2021 with 1.069 billion MWh traded. Nodal also set a new calendar month record for June with 175 TWh of traded power futures volume in the month. Power futures open interest also set a new record at the end of June with 1.092 Billion MWh.
Nodal's environmental futures volume grew 156% in Q2 2021 over Q2 2020 with 48,528 lots traded. Environmental futures open interest at the end of June 2021 was at 133,121 lots, up 85% from the prior year. Nodal, which is particularly strong in Renewable Energy Credits (RECs), saw volumes in Q2 across the 56 REC futures and options contracts on Nodal rise to 39,862 contracts, up 154% from 15,713 in Q2 2020 and open interest across the REC suite rise to 125,214 contracts, up 118% from 57,398 in Q2 2020.
Nodal, in collaboration with IncubEx, continues to expand its environmental offering and introduced new nitrogen oxides (NOx) futures and options and extended vintages on two Texas voluntary renewable energy certificate (REC) contracts in June, further expanding the broadest suite of environmental markets contracts in the world.
“Nodal Exchange is proud to see continued growth in our power and environmental futures markets and very much appreciates the support of our trading and clearing community,” said Paul Cusenza, Chairman and CEO of Nodal Exchange.
About Nodal
Nodal Exchange is a derivatives exchange providing price, credit and liquidity risk management solutions to participants in the North American commodities markets. Nodal Exchange is a leader in innovation, having introduced the world’s largest set of electric power locational (nodal) futures contracts. As part of EEX Group, a group of companies serving international commodity markets, Nodal Exchange currently offers over 1,000 contracts on hundreds of unique locations, providing the most effective basis risk management available to market participants. In addition, Nodal Exchange offers natural gas and environmental contracts. All Nodal Exchange contracts are cleared by Nodal Clear which is a CFTC registered derivatives clearing organization. Nodal Exchange is a designated contract market regulated by the CFTC.
Nodal Exchange Public Relations
Nicole Ricard
Phone : 703-962-9816
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HOUSTON--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) today announced a $1.4 million grant to the Jackie Robinson Foundation (JRF) as part of the company’s longstanding commitment to diversity, equity and inclusion.
The grant includes $1 million to support the new Jackie Robinson Museum being built in New York City, which will serve as a venue for innovative educational programming and dialogue on critical social issues. The remaining $400,000 will provide four-year scholarships and support services as part of the JRF Scholarship Program to five underrepresented college students starting in the fall of 2021. In addition, Hess will provide internship opportunities for JRF Scholars, with a goal of five Hess JRF Scholar internships per year starting in 2022.
“Our company has a proud history of social investment programs focused on education to advance equal opportunity and economic growth throughout society,” said Chief Executive Officer John Hess. “We are delighted to support the Jackie Robinson Foundation in its celebrated work to promote the humanitarian values that defined Jackie Robinson’s life through higher education and leadership.”
“The Jackie Robinson Foundation is extremely grateful for Hess Corporation’s generous investment in our mission. This extraordinary gift allows us to provide critical support to young leaders who go on to embrace the values embedded in the life and legacy of our namesake,” said Della Britton, JRF President and CEO. “What’s more, Hess’ pledge to help bring to fruition the Jackie Robinson Museum also speaks to its commitment to promote equal opportunity and to challenge society to use history to inform a better future. We could not be more thrilled to partner with Hess Corporation.”
About Hess
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information about Hess Corporation is available at www.hess.com.
About the Jackie Robinson Foundation
Since 1973, the Jackie Robinson Foundation (JRF) has perpetuated the memory of Jackie Robinson by providing four-year scholarships and comprehensive support to highly motivated students with financial need attending colleges and universities across the country to ensure their success and develop their leadership potential. With the opening of the Jackie Robinson Museum in 2022, the Foundation will build on the legacy of Jackie Robinson by educating and inspiring the general public around his heroic story and the ideals and values that defined his life. Learn more by visiting www.jackierobinson.org.
Media Contact:
Lorrie Hecker
(212) 536-8250
New partnership brings enhanced capabilities and insights to PEP’s energy-focused financial services expertise
HOUSTON--(BUSINESS WIRE)--Pickering Energy Partners (PEP), a Houston-based energy financial services firm, today announced a merger with Heikkinen Energy Advisors (“Heikkinen”), an investment advisor providing high-quality insights across all sectors of the energy industry, including Exploration and Production, Oilfield Services, Midstream, Energy Transition, Mobility and Technology. The new partnership builds on Pickering Energy Partners’ expertise in traditional energy and solidifies its role in Energy Transition subsectors.
Together, PEP and Heikkinen have hundreds of years of combined experience, providing clients with the deepest insights and counsel in the energy industry. “Bringing the Heikkinen team on board will enhance our traditional energy insights and focus our renewable energy expertise, allowing us to offer even greater value to clients across all energy subsectors, from traditional to renewables,” said Dan Pickering, Chief Investment Officer of Pickering Energy Partners. “Our two teams have more combined energy experience (including ESG) than anyone else in the sector. Add to that Heikkinen’s longstanding relationships across the industry and you see the creation of an energy powerhouse.”
“We are excited to be joining forces with PEP and are confident that our combined experience enables us to bring clients the most comprehensive investment advice in the industry,” said David Heikkinen, CEO of Heikkinen Energy Advisors. “The merger will provide greater opportunities to exploit growth opportunities in oil and gas, the energy transition, and the technology that enables both.”
The Pickering Energy Partners and Heikkinen Energy Advisors merger is the latest evolution from PEP of the firm’s offerings focused on the energy landscape. The merger comes on the heels of PEP’s establishment of a Consulting team and a partnership with MERGE Electric Fleet Solutions, a company that will help businesses and municipalities electrify and finance their vehicle fleets. Earlier in the year, PEP also merged with SailingStone, an investment firm with a long history of investing in both energy transition and global natural resources public equities.
To learn more about Pickering Energy Partners’ merger with Heikkinen Energy Advisors, PEP Insights, PEP Consulting, SailingStone, or other PEP offerings, click here.
About Pickering Energy Partners
Pickering Energy Partners is a leading energy-focused financial services institution with capabilities across the sector including public and private investments, operational and strategic consulting, and deep domain expertise via informative insights.
Headquartered in Houston, Texas, PEP delivers an expertly curated team with unmatched experience throughout the entire energy landscape that aims to provide guidance and long-term value for clients – from traditional energy through the ongoing energy transition.
About Heikkinen Energy Advisors
Heikkinen Energy Advisors is an investment advisor providing high-quality insights across all sectors of the energy industry. The firm is headquartered in Houston, Texas.
Walker Moody
(713) 804-7577
FERGUS FALLS, Minn.--(BUSINESS WIRE)--Otter Tail Corporation will issue a news release announcing second quarter 2021 earnings results after market close on Monday, August 2, 2021 and will host a live conference call and webcast on Tuesday, August 3, 2021 at 10:00 a.m. CDT to discuss the corporation’s financial and operating performance.
Accompanying slides will be posted on the corporation’s website before the webcast begins. To access the live webcast, go to www.ottertail.com/presentations and select “Webcast.” Please allow time prior to the call to visit the site and download any software required to listen. A copy of the webcast will be available on the corporation’s website shortly after the call.
Dial 877-312-8789 to be able to ask a question during the conference call, or dial 866-634-1342 to listen only. Please contact Loren Hanson at 218-739-8481 or This email address is being protected from spambots. You need JavaScript enabled to view it. with any questions on how to participate.
About Otter Tail Corporation: Otter Tail Corporation has interests in diversified operations that include an electric utility and manufacturing businesses. Otter Tail Corporation stock trades on the NASDAQ Global Select Market under the symbol OTTR. The latest investor and corporate information is available at www.ottertail.com. Corporate offices are located in Fergus Falls, Minnesota, and Fargo, North Dakota.
Loren Hanson, 218-739-8481
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ComEd uses goats to clear grass and brush under power lines – a safer and greener way to help keep energy reliable
CHICAGO--(BUSINESS WIRE)--ComEd’s four-legged employees are taking a break from eating vegetation under power lines in Pekin, Ill., for a boat cruise on the Chicago River. Twenty goats will join ComEd employees today to take in downtown views from the river and educate customers about ComEd’s goat vegetation management program.
“ComEd is excited to bring the goats to Chicago this year to show one of our innovative and sustainable solutions to ensure reliable power for families and businesses,” said Michelle Blaise, senior vice president of technical services at ComEd. “The goats work hard to clear vegetation in hard-to-reach places, helping us to prevent power outages in an environmentally-friendly way. If anyone deserves a break, it’s them.”
The ComEd goats will cruise the Chicago River between the DuSable Bridge and LaSalle Street Bridge on Wednesday, July 7, from 10 a.m. until 3 p.m.
Since 2019, ComEd has enlisted the support of over 200 goats to help clear vegetation in Pekin, Ill., in terrain that is difficult to access. The goats’ “work” helps ComEd avoid power outages and service disruptions often caused by overgrown vegetation near power lines. Using goats cuts the cost and time required to clear the vegetation by more than half, reduces safety risks to workers and is an eco-friendly alternative.
The goats are on loan to ComEd from goat grazing company Goats on the Go. After clearing 13 acres of land last year, ComEd’s goats are continuing the hard work this summer through the month of July.
To learn more about the goats’ #HotGoatSummer and track their progress, check out ComEd’s Facebook, Twitter and Instagram.
ComEd is a unit of Chicago-based Exelon Corporation (NYSE: EXC), a Fortune 100 energy company with approximately 10 million electricity and natural gas customers – the largest number of customers in the U.S. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit ComEd.com and connect with the company on Facebook, Twitter, Instagram and YouTube.
ComEd Media Relations
312-394-3500
WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) invites investors, customers, members of the financial community and other interested parties to listen to a live webcast of its fiscal 2021 third-quarter earnings results on Thursday, August 5, 2021 at 10 a.m. ET. President and Chief Executive Officer Steve Westhoven and Chief Financial Officer Pat Migliaccio will present an overview of NJR’s financial and operational performance for the third quarter of fiscal 2021.
A few minutes prior to the webcast, go to njresources.com and select “Investor Relations.” Scroll down and click the link to the conference call under “Latest Events” on the right side of the page and click on the webcast link.
About New Jersey Resources
New Jersey Resources (NYSE: NJR) is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. NJR is composed of five primary businesses:
NJR and its nearly 1,200 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve® and initiatives such as The SAVEGREEN Project® and The Sunlight Advantage®. For more information about NJR: www.njresources.com.
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Media Contact:
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732-938-1031
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ARLINGTON, Va.--(BUSINESS WIRE)--$AVAV #AeroVironment--AeroVironment, Inc. (NASDAQ: AVAV), a global leader in intelligent, multi-domain robotic systems, today introduced Crysalis™, the company’s next-generation ground control solution. Crysalis is an integrated hardware and software-based ground control system (GCS) that provides command and control of compatible AeroVironment unmanned aircraft systems (UAS) and their payloads, through an intuitive user experience (UX).
Built around three core elements – software, hardware, and antennas – Crysalis was designed to make operating robotic systems easier than ever before. Crysalis offers complete interchangeability, either as modular elements or turnkey systems, both adaptable to meet specific mission requirements. Crysalis is cross-platform compatible with Android, Microsoft Windows and Linux operating systems. The new GCS is available in multiple configurations ranging from lightweight and wearable to mobile and command center systems that are modular and scalable.
Crysalis was designed with the operator in mind, featuring an intuitive user interface (UI) to reduce cognitive load and training burden while enhancing situational awareness and battlefield collaboration. Through the easy-to-use Crysalis Control app, users can plan and execute flight missions as well as navigate and control UAS assets and payloads with one-click access to critical information, modes and telemetry meta data. Additional operational participants can gain enhanced situational awareness, share information and collaborate on tactical decisions by accessing telemetry and downlink data through remote video terminals, while also allowing them to capture data directly on their devices. Crysalis standardizes the user experience across all AeroVironment small UAS platforms, simplifying the training requirements and operation of Puma™, Raven® and Wasp®.
“With the introduction of Crysalis, we are streamlining command and control of our small UAS and empowering warfighters with actionable intelligence at the speed of war to increase their tactical decision making,” said Wahid Nawabi, AeroVironment chairman and chief executive officer. “Crysalis can be integrated into our portfolio of intelligent, multi-domain robotic systems and deliver easy-to-use, yet powerful new capabilities that enable our customers to succeed in full spectrum operations.”
The Crysalis GCS is available in scalable hardware configurations with all necessary software components pre-configured for quick mission deployment. These range from the Crysalis Ultralight GCS that provides full control of UAS and payloads through virtual control or tactile joysticks on a wearable smartphone configuration to Crysalis Command GCS – a command center configuration featuring a ruggedized laptop. Every Crysalis GCS configuration is natively compatible with AeroVironment’s Digital Data Link™ (DDL™) radios and antennas, is designed for plug-and-play compatibility with Nett Warrior and can integrate with both third party command and control and battlefield management applications.
“As a software-based ecosystem, Crysalis will continue to develop and evolve based on customer needs and front-line user feedback with expanded aircraft command and control capabilities, software features and IoBT compatible functionality,” said Tom Vaneck, AeroVironment vice president of solution strategy.
For more information on AeroVironment’s Crysalis next-generation ground control solution, visit www.avinc.com/crysalis.
ABOUT AEROVIRONMENT UNMANNED AIRCRAFT SOLUTIONS
AeroVironment’s portfolio of intelligent, multi-domain robotic systems includes small footprint, runway-independent unmanned aircraft systems. The JUMP® 20, T-20™ and Puma™ LE provide extended range, multi-payload capabilities, and the Puma™ RQ-20, Raven® RQ-11B, Wasp® RQ-12A, VAPOR® Helicopter and automated Quantix™ Recon deliver highly tactical, frontline situational awareness. These solutions deliver increased, multi-mission capabilities and the option of selecting the appropriate aircraft based on the type of mission to be performed. These capabilities have the potential to provide significant force protection and force multiplication benefits to small tactical units and security personnel, as well as greater safety, scalability and cost-savings to commercial operators. AeroVironment provides turnkey ISR and support services worldwide to ensure a consistently high level of mission success. AeroVironment has delivered tens of thousands of new and replacement unmanned air vehicles to customers within the United States and to more than 50 allied governments. For more information, visit https://www.avinc.com/uas.
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 intelligent, multi-domain robotic 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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Expanded ‘Top Design Firms’ list affirms company’s leadership, expertise in power, water, telecommunications and government sectors
OVERLAND PARK, Kan.--(BUSINESS WIRE)--The 2021 Engineering News-Record’s (ENR) Sourcebook’s rankings underscore Black & Veatch’s continued leadership in the rapidly evolving energy, water, telecommunications and government services sectors.
ENR’s “Top 500 Design Firms” Sourcebook lists the rankings for dozens of specific infrastructure market categories and places Black & Veatch among the Top 10 companies in 19 categories. The rankings reflect the engineering, procurement, consulting and construction company’s success in anticipating client shifts to zero carbon power, greater water system resilience and better use of data around the globe.
Black & Veatch, which ranked second overall for the sixth consecutive year in power services, commanded the top ranking for solar power design and third position in transmission and distribution design. The company also ranked seventh overall in water services in 2021 and eighth for sewer and waste while ranking fourth in both sanitary and storm sewer services and hydro plants. The company’s water expertise was also reflected in top 10 rankings in water treatment and desalination plants, as well as in water supply and wastewater treatment plants.
Black & Veatch showed continued strength across telecommunications industry subsectors. Ranked second overall in telecommunications for its work on the expansion of 5G network deployments, broadband expansion and the push for transformative “smart city” approaches, the company is second for towers and antennae while third in transmission lines and cabling.
“As utilities and communities around the world press for greater resilience and sustainability using new and evolving technologies, we continue to meet the challenge with innovative solutions that deliver value to our clients and the communities they serve,” said Steve Edwards, Black & Veatch’s CEO. “The latest ENR rankings reflect our commitment to providing the outcomes that clients demand.”
Last November, Black & Veatch announced it was strengthening its sustainability vision through sweeping pledges addressing environmental and business practices, including its own carbon neutrality by 2025. It separately declared an end to its participation in coal-based power design and construction, focusing instead on clean energy technologies and helping clients accelerate their path to net zero.
Among the rankings:
TOP DESIGN FIRMS IN POWER
TOP DESIGN FIRMS IN MANUFACTURING, TELECOM
TOP DESIGN FIRMS IN PETROLEUM
TOP DESIGN FIRMS IN ENVIRONMENT
TOP DESIGN FIRMS IN GENERAL BUILDING
Editor’s Notes:
About Black & Veatch
Black & Veatch is an employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure assets. Our revenues in 2020 exceeded US$3.0 billion. Follow us on www.bv.com and on social media.
Media Contact Information:
JIM SUHR | +1 913-458-6995 P | +1 314-422-6927 M | This email address is being protected from spambots. You need JavaScript enabled to view it.
24-HOUR MEDIA HOTLINE | +1 866-496-9149
NEW YORK & CHARLOTTE, N.C.--(BUSINESS WIRE)--Spartan Acquisition Corp. II, a publicly traded special purpose acquisition company (“Spartan”) (NYSE: SPRQ), announced today that it expects all closing conditions, other than those that have already been met or which Sunlight and Spartan have agreed to waive, to be satisfied and closing of the business combination (the “Business Combination”) with Sunlight Financial (“Sunlight”), a premier, technology-enabled point-of-sale financing company, to occur on Friday, July 9, 2021. Based on proxies submitted to date, which may be changed at or before the meeting to be held on Thursday, July 8, 2021, a majority of stockholders support all key proposals, and Spartan anticipates closing the Business Combination with Sunlight Friday, July 9, 2021.
Following closing, the combined company will be renamed Sunlight Financial Holdings Inc. and its common stock and warrants are expected to be trading on the New York Stock Exchange under the ticker symbols “SUNL” and “SUNLW”, respectively, commencing on Monday, July 12, 2021.
The special meeting of Spartan stockholders is scheduled to be held on Thursday, July 8, 2021, at 11:00 a.m., Eastern time virtually at https://www.cstproxy.com/spartanspacii/2021, as described in Spartan’s definitive proxy statement/prospectus, dated June 18, 2021 (the “Proxy Statement”).
About Sunlight Financial
Sunlight Financial is a premier, technology-enabled point-of-sale finance company. Sunlight partners with contractors nationwide to provide homeowners with financing for the installation of residential solar systems and other home improvements. Sunlight’s best-in-class technology and deep credit expertise simplify and streamline consumer finance, ensuring a fast and frictionless process for both contractors and homeowners. For more information, visit www.sunlightfinancial.com.
About Spartan Acquisition Corp. II
Spartan is a special purpose acquisition entity focused on the energy value chain in North America and was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Spartan is sponsored by Spartan Acquisition Sponsor II LLC, which is owned by a private investment fund managed by an affiliate of Apollo Global Management, Inc. (together with its subsidiaries, “Apollo”) (NYSE: APO). For more information, please visit www.spartanspacii.com.
Additional Information on the Business Combination and Where to Find It
In connection with the proposed Business Combination, Spartan filed a registration statement on Form S-4 (File No. 333-254589) (the “Registration Statement”) with the SEC, which includes a preliminary proxy statement/prospectus of Spartan. The Registration Statement is now effective, and the definitive proxy statement/prospectus has been mailed to the stockholders of Spartan SECURITYHOLDERS OF SPARTAN AND SUNLIGHT ARE URGED TO READ THE DEFINITIVE PROXY STATEMENT/PROSPECTUS (INCLUDING ALL AMENDMENTS AND SUPPLEMENTS THERETO) AND OTHER DOCUMENTS AND RELEVANT MATERIALS RELATING TO THE PROPOSED BUSINESS COMBINATION FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY BEFORE MAKING ANY VOTING DECISION WITH RESPECT TO THE PROPOSED BUSINESS COMBINATION BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED BUSINESS COMBINATION AND THE PARTIES TO THE BUSINESS COMBINATION. Stockholders will be able to obtain free copies of the definitive proxy statement/prospectus and other documents containing important information about Spartan and Sunlight once such documents are filed with the SEC, through the website maintained by the SEC at http://www.sec.gov.
Forward-Looking Statements
The information in this press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements may include, but are not limited to, statements regarding the special meeting and the closing of the Business Combination. These forward-looking statements are not guarantees of future performance, reflect the current views and expectations of Spartan’s management and Sunlight’s management, are based on various assumptions, whether or not identified herein, and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from expectations or results projected or implied by such forward-looking statements. Such risks and uncertainties include, among others: changes in domestic and foreign business, market, financial, political and legal conditions; the inability of Spartan and Sunlight to successfully or timely consummate the Business Combination, including the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the Business Combination or that the approval of the stockholders of Spartan or equityholders of Sunlight is not obtained or whether conditions to closing of the proposed Business Combination in the agreements related to the proposed Business Combination will be met or waived; failure to realize the anticipated benefits of the Business Combination; the amount of redemption requests made by Spartan’s public stockholders; the ability of Spartan or the combined company to issue equity or equity-linked securities in connection with the Business Combination or in the future; risks relating to the uncertainty of the projected operating and financial information with respect to Sunlight; risks related to Sunlight’s business and the timing of expected business milestones or results; the effects of competition and regulatory risks, and the impacts of changes in legislation or regulations on Sunlight’s future business; the expiration, renewal, modification or replacement of the federal solar investment tax credit, rebates and other incentives; the effects of the COVID-19 pandemic on Sunlight’s business or future results; Sunlight’s ability to attract and retain its relationships with third parties, including Sunlight’s capital providers and solar contractors; changes in the retail prices of traditional utility generated electricity; the availability of solar panels, batteries and other components and raw materials; and such other risks and uncertainties discussed in the “Risk Factors” section of Spartan’s Annual Report on Form 10-K for the year ended December 31, 2020 as filed with the SEC on March 11, 2021, as amended on May 11, 2021, and Registration Statement on Form S-4 as filed with the SEC on March 22, 2021, as amended on May 12, 2021 and June 1, 2021, and other documents of Spartan filed, or to be filed, with the SEC. All forward-looking statements used herein speak only as of the date they are made and are based on information available at that time. Neither Spartan nor Sunlight assumes any obligation to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements were made or to reflect the occurrence of unanticipated events except as required by federal securities laws. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements.
Participants in the Solicitation
Spartan and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of Spartan in connection with the proposed Business Combination. Sunlight and its officers and directors may also be deemed participants in such solicitation. Security holders may obtain more detailed information regarding the names, affiliations and interests of certain of Spartan’s executive officers and directors in the solicitation by reading Spartan’s definitive proxy statement/prospectus, Spartan’s Amendment No. 1 to Annual Report on Form 10-K/A for the year ended December 31, 2020, filed with the SEC on May 11, 2021 and Quarterly Report on Form 10-Q for the three months ended March 31, 2021, filed on May 21, 2021. Information concerning the interests of Spartan’s participants in the solicitation, which may, in some cases, be different than those of Spartan’s stockholders generally, is set forth in the definitive proxy statement/prospectus relating to the proposed Business Combination.
No Offer or Solicitation
This communication shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed Business Combination. This communication shall also not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.
Sunlight Financial:
Investor Relations
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Garrett Edson, ICR
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Work to be completed by Ameresco under the agreement will directly contribute to Northwestern University’s goals of reducing greenhouse gas emissions 30 percent by 2030.
EVANSTON & CHICAGO, Ill.--(BUSINESS WIRE)--#cleanenergy--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced it has entered into a long-term Energy as a Service (EaaS) agreement with Northwestern University. The partnership will help the institution address its energy-related deferred maintenance challenges with no up-front capital required, while also advancing its sustainability and academic goals.
As part of the agreement, Ameresco will provide ongoing energy management and related services in addition to identifying and implementing energy efficiency upgrade, for the campus’s 175 buildings and central plants. Energy efficiency projects slated for these buildings will leverage advanced technologies to provide more efficient, better performing building systems such as building automation, lighting, heating and cooling, and alternative energy systems while also providing an improved learning environment for students and faculty.
“This ambitious, multi-year partnership will make our campuses more environmentally sustainable through reduced energy demand, which will ultimately decrease utility costs,” said Craig Johnson, Northwestern’s senior vice president for business and finance. “We will also now be able to draw upon Ameresco’s expertise to inform our continued pursuit of more sustainable practices.”
By utilizing the EaaS model, the University will be able to tackle its immediate infrastructure capital needs while simultaneously funding these projects over time using energy savings. EaaS, a service model rising in popularity, allows for energy-related infrastructure improvements to be delivered directly to an end customer with no upfront capital required from the customer.
“We are proud to be Northwestern’s strategic partner through this innovative approach to addressing the critical infrastructure needs of the campus. This is a tremendous blueprint for colleges and universities across the nation,” said Lou Maltezos, executive vice president at Ameresco. “The energy infrastructure upgrades, and ongoing energy management services will not only provide efficiency and cost savings but will also address critical deferred maintenance and bolster the sustainability and carbon reduction goals of their campuses. As a longtime professional in the energy industry and an alumnus of Northwestern University, I am delighted to see this partnership help Northwestern reach its future goals of reducing greenhouse gas emissions 30 percent by 2030.”
“The sustainability fellowship program will help prepare our students for meaningful careers in the fields of energy management, renewable energy, and sustainability. The topics addressed by fellowship teams will include leading edge application of energy and sustainability concepts to real-world problems,” said Holly Benz, director of the Master of Science in Energy and Sustainability.
To learn more about the energy efficiency solutions offered by Ameresco, visit www.ameresco.com/energy-efficiency/.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and the United Kingdom. Ameresco’s sustainability services in support of clients’ pursuit of Net Zero include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.
The announcement of a customer’s entry into a project contract is not necessarily indicative of the timing or amount of revenue from such contract, of the company’s overall revenue for any particular period or of trends in the company’s overall total project backlog. This project was included in our previously reported awarded backlog as of March 31, 2021.
Ameresco: Leila Dillon, 508-661-2264, This email address is being protected from spambots. You need JavaScript enabled to view it.
BONN, Germany--(BUSINESS WIRE)--Deutsche Post DHL Group (Symbol: DPW), the world’s leading logistics company, has today released preliminary results for the second quarter of 2021. Simultaneously, the outlook for the current financial year and for 2023 has been raised. Furthermore, an one-time corona bonus1 for approximately 550,000 employees worldwide has been decided. Preliminary operating profit (EBIT) for the second quarter has improved to record level with around EUR 2,075 million (Q2 2020: EUR 912 million) and has more than doubled compared to previous year. Against the backdrop of the excellent business performance, the Group has raised its EBIT outlook for 2021 to more than EUR 7.0 billion (so far: more than EUR 6.7 billion). The mid-term EBIT outlook for 2023 is now expected to be more than EUR 7.4 billion (so far: more than EUR 7.0 billion).
“The second quarter proved once again that global trade volume continues to recover and the e-commerce boom is sustainable – and we benefit strongly from both. All divisions continue to operate at full speed worldwide and achieve double-digit EBIT growth rates. We want to thank our employees who do fantastic work around the world and deserve another corona bonus“, said Frank Appel, CEO of Deutsche Post DHL Group.
Group grants once again one-time corona bonus of around EUR 200 million
As an appreciation for their tireless efforts during the pandemic the Group has decided to grant again a corona bonus of EUR 3002 to employees worldwide. This one-time payment is aimed at approximately 550,000 colleagues in all divisions and countries. Excluded are Executives. The corresponding expenses of around EUR 200 million will be booked in the third quarter 2021 and are already included in the updated earnings outlook for 2021.
All divisions achieved a significant jump in earnings
All divisions significantly exceeded the previous year's results. Network capacity utilization was constantly high in the second quarter 2021. B2C shipment volumes remained ahead of last year in all networks, while the recovery in the B2B businesses continued to gain momentum. At the same time the tight capacity situation both in Ocean and Air Freight markets remained unchanged.
Express: EBIT in the Express division reached around EUR 1,170 million in the second quarter 2021 compared to EUR 565 million in the previous year’s quarter.
Global Forwarding, Freight: EBIT in Global Forwarding, Freight stood at around EUR 315 million in the second quarter 2021, also clearly ahead of previous year’s result of EUR 190 million.
Supply Chain: EBIT at Supply Chain came in at around EUR 195 million in the second quarter 2021. It was at EUR 33 million in Q2 2020 in the initial stage of the pandemic.
eCommerce Solutions: eCommerce Solutions recorded EBIT of around EUR 115 million in the second quarter 2021, significantly above last year’s Q2 result which stood at EUR 1 million.
Post & Parcel Germany: EBIT in Post & Parcel Germany in the second quarter 2021 was around EUR 315 million (Q2 2020: EUR 264 million).
The positive business development is underpinned by a continued strong development of cash flow. Free cash flow in the second quarter 2021 amounted to more than EUR 800 million (Q2 2020: EUR 605 million). For the first half of 2021 free cash flow now stands at more than EUR 2.0 billion (H1 2020: EUR 196 million).
Earnings outlook raised in expectation of unchanged high shipment volumes and improved efficiency
In light of the ongoing earnings momentum the Group EBIT for 2021 is now expected to be more than EUR 7.0 billion (so far: more than EUR 6.7 billion). This includes additional expenses of around EUR 200 million for the one-time corona bonus. For the full year 2021, the Group now forecasts a free cash flow of more than EUR 3.2 billion (so far: more than EUR 3.0 billion). Gross capex in 2021 is expected to reach around EUR 3.9 billion (so far: around EUR 3.8 billion). The full year 2021 Group tax rate will now reach 28 percent, the upper end of the previously guided range of 26-28 percent.
Mid-term guidance for Group EBIT 2023 is now expected to be more than EUR 7.4 billion (previously: more than EUR 7.0 billion). The aggregated 2021-2023 guidance for free cash flow was left unchanged at around EUR 9.0 billion. The cumulative outlook for gross capex was also confirmed at around EUR 11.0 billion for the period 2021 to 2023.
The comprehensive disclosure for Q2/H1 2021 will be published as planned on August 5, 2021.
– End –
Deutsche Post DHL Group Deutsche Post DHL Group is the world’s leading logistics company. The Group connects people and markets and is an enabler of global trade. It aspires to be the first choice for customers, employees and investors worldwide. The Group contributes to the world through responsible business practice, corporate citizenship and environmental activities. By the year 2050, Deutsche Post DHL Group aims to achieve zero emissions logistics.
Deutsche Post DHL Group is home to two strong brands: Deutsche Post is Europe’s leading postal service. DHL offers a comprehensive range of international express, freight transport, and supply chain management services as well as e-commerce logistics solutions. Deutsche Post DHL Group employs approximately 570,000 people in over 220 countries and territories worldwide. The Group generated revenues of more than 66 billion Euros in 2020.
THE logistics company for the world.
1 EUR 300 per full-time employee
2 EUR 300 per full-time employee
Press contact
Deutsche Post DHL Group
Media Relations
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On the Internet: dpdhl.de/presse
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MIDLAND, Texas--(BUSINESS WIRE)--ProPetro Holding Corp. (“ProPetro”) (NYSE: PUMP) today announced that it will issue its second quarter 2021 earnings release on Tuesday, August 3, 2021, after the close of trading. ProPetro will host a conference call on Wednesday, August 4, 2021, at 8:00 AM Central Time to discuss its second quarter results.
To access the conference call, U.S. callers may dial toll free 1-877-879-1183 and international callers may dial 1-412-902-6703. Please call ten minutes ahead of the scheduled start time to ensure a proper connection. The call will also be webcast on ProPetro’s website, www.propetroservices.com.
A replay of the conference call will be available for one week following the call and can be accessed toll free by dialing 1-877-344-7529 for U.S. callers, 1-855-669-9658 for Canadian callers, as well as 1-412-317-0088 for international callers. The access code for the replay is 10158134.
About ProPetro
ProPetro Holding Corp. is a Midland, Texas-based oilfield services company providing pressure pumping and other complementary services to leading upstream oil and gas companies engaged in the exploration and production of North American unconventional oil and natural gas resources. For more information visit www.propetroservices.com.
ProPetro Holding Corp
David Schorlemer, 432-688-0012
Chief Financial Officer
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Flagship Innovation Contest Draws Students From 47 Countries to Solve Water Challenges
RYE BROOK, N.Y.--(BUSINESS WIRE)--#LetsSolveWater--Xylem (NYSE: XYL), a leading water technology company, is investing in the future of the global water industry with a new dedicated student development program – Xylem Ignite – targeting high school and university students worldwide. Midway through its inaugural year, Xylem Ignite has already engaged more than 1,700 students in creative water-oriented hackathons and sustainability events, including 650+ participants from 47 countries competing in the Xylem Global Student Innovation Challenge for $20,000 in total cash prizes.
“Young leaders are playing such an essential role in our collective ability to solve the global water crisis facing us,” said Patrick Decker, Xylem’s Chief Executive Officer. “We want to encourage them. So we’re investing in them with Xylem Ignite. The future of water innovation is coming from many places, including students who are engaging passionately to help address our water challenges. We have a tremendous opportunity to embrace their ideas and enable them to become the next generation of leaders working for a sustainable world. Investing in them today will provide enormous dividends for the communities we serve.”
Decker added, “I am deeply inspired to be working with so many talented people who are passionate about solving water challenges and creating a better future for our planet.”
Decker shared his remarks as part of today’s virtual student award ceremony recognizing the winners of the inaugural Global Student Innovation Challenge, Xylem Ignite’s flagship innovation competition. The competition generated 103 final projects over eight weeks, with three winners in each of the high school and university categories receiving cash prizes totaling $20,000. Contestants were invited to submit solutions to one of four challenge statements, with access to masterclasses and support from mentors across the water industry. The challenges included: reducing the water footprint of everyday products; gamifying water quality education; urban flood prediction; and water for life on Mars.
University category finalist, the Mars-WET team, for example, provided detailed solutions to sustaining life on Mars. “After going through so much research on Mars, we realized that [our innovations] can be applied on Earth, too. [We] believe that clean water and sanitation is a human right and is fundamental to human dignity.”
Young innovators developing solutions to various water problems can also apply to be a part of the Xylem Ignite Innovation Incubator. The Incubator program provides up to 12 months’ support for participants to scale up their innovations and advance them toward market readiness. Interested students can send an email to This email address is being protected from spambots. You need JavaScript enabled to view it. for more information and to submit applications.
Xylem Ignite was conceived in mid-2020 by a team of young professionals in Xylem, as a platform to engage the passion and creativity of students around the world. The investments are targeted to give interested students access to the resources needed to develop their ideas and innovations.
The Xylem Ignite program engages students to:
For more information about Xylem Ignite, including on-demand access of the awards event visit www.xylem.com/ignite. The full Xylem Ignite media kit with high-res downloads, is available at info.xyleminc.com/ignite. General inquiries about the program can be directed to This email address is being protected from spambots. You need JavaScript enabled to view it..
About Xylem
Xylem (XYL) is a leading global water technology company committed to solving critical water and infrastructure challenges with innovation. Our more than 16,000 diverse employees delivered revenue of $4.88 billion in 2020. We are creating a more sustainable world by enabling our customers to optimize water and resource management, and helping communities in more than 150 countries become water-secure. Join us at www.xylem.com.
Media
Amanda Holloway
+1 (224) 500-0742
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LONDON & HOUSTON--(BUSINESS WIRE)--Regulatory News:
TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a significant(1) integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract for the Jubilee South East development, located offshore Ghana. It will be the company’s first iEPCI™ project with Tullow Ghana Ltd.
Jubilee South East is an extension to the Jubilee field. The contract builds upon TechnipFMC’s established relationship with Tullow and covers supply and offshore installation of all major subsea equipment, including manifolds and associated controls, flexible risers and flowlines, umbilicals, and subsea structures.
At the pre-tendering stage, TechnipFMC utilized its Subsea Studio™ digital solutions to help optimize field layout. Subsea Studio™ is the company’s portfolio of design and monitoring tools which help clients to improve economics, enhance performance, and reduce emissions throughout the life of a project.
Jonathan Landes, President, Subsea at TechnipFMC, commented, “We are proud to continue supporting Tullow Ghana in the development of the Jubilee field. This is the first time Tullow has used our iEPCI™ model, which enables us to collaborate even more closely and simplify project delivery.
“We will continue to use our Subsea Studio™ digital solution to optimize the development, execution, and operation of Jubilee South East.
“We also see our work on this project as an opportunity to further develop our local content in Ghana, with the fabrication of a number of subsea structures, including production and water injection manifolds, carried out in-country.”
(1) For TechnipFMC, a “significant” contract is between $75 million and $250 million.
Note: this inbound order was included in the company’s second quarter financial results.
Important Information for Investors and Securityholders
Forward-Looking Statement
This release contains "forward-looking statements" as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. The words “believe”, “estimated” and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Such forward-looking statements involve significant risks, uncertainties and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. For information regarding known material factors that could cause actual results to differ from projected results, please see our risk factors set forth in our filings with the United States Securities and Exchange Commission, which include our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any of our forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except to the extent required by law.
About TechnipFMC
TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.
With our proprietary technologies and comprehensive solutions, we are transforming our clients’ project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.
Organized in two business segments — Subsea and Surface Technologies — we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation.
Each of our approximately 20,000 employees is driven by a commitment to our clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.
TechnipFMC uses its website as a channel of distribution of material company information. To learn more about how we are driving change in the industry, go to www.TechnipFMC.com and follow us on Twitter @TechnipFMC.
Category: UK regulatory
Investor relations
Matt Seinsheimer
Vice President, Investor Relations
Tel: +1 281 260 3665
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James Davis
Senior Manager, Investor Relations
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Media relations
Nicola Cameron
Vice President, Corporate Communications
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Catie Tuley
Director, Public Relations
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New addition to executive team brings extensive talent management and petrochemical experience
HOUSTON--(BUSINESS WIRE)--#engineering--Audubon Companies, a global provider of engineering, consulting, construction, fabrication, and technical services supporting the energy, power, and industrial markets, announced today the addition of Leah L. Temple to the position of Director of In-Plant Staffing Services. Overseeing Audubon Companies’ In-Plant Engineering Services, she will be responsible for strategies and activities related to placing Audubon technical experts at petrochemical and refinery clients’ worksites to support all stages of plant operations.
Temple brings more than 20 years of talent management, recruiting, business development, and culture-building experience. Her approach to in-plant talent acquisition combines strong industry knowledge with recruiting and talent relationship management expertise. Before joining Audubon Companies, Temple served in a range of service coordination and business development roles for Siemens, Engineering & Inspection Services, Mullin, and Hargrove Engineers & Constructors.
Shawn Senf, Audubon Companies’ Vice President of Petrochemical and Refining, said, “I am pleased to welcome Leah in her new appointment. Her leadership experience and proven track record will be key in providing our clients with the multidisciplinary site-base experts they need to maintain and upgrade existing facilities.”
Temple adds, “I look forward to joining the Audubon team and helping clients achieve their business objectives. Our goal for turnkey in-plant staffing services is to provide clients with technical personnel who are focused on quality, safety, and effective performance.”
The petrochemical and refinery markets are evolving to meet new and emerging global demands, such as sustainability, energy storage and generation, and clean-burning fuel technology and additives. Providing the right in-plant experts will play a crucial role in helping operators enhance their competitiveness in the new landscape; keep pace with aggressive project schedules; and improve safety, throughput, reliability, and utilization.
On Twitter: @audubonco
About Audubon Companies
Audubon Companies is a leading provider of engineering, consulting, construction, fabrication, and technical services supporting the energy, power, infrastructure and industrial markets. Together with our family of companies – Audubon Engineering, Audubon Field Solutions, Audubon Industrial Solutions, Audubon Inspection Solutions, Audubon Carbon, Audubon Construction, Opero Energy, and Affinity – we deliver repeatable project success – safely, on-schedule, and within budget.
For more information, please visit auduboncompanies.com.
Ivonne Hallard
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LONDON & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a significant(1) integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract for the Jubilee South East development, located offshore Ghana. It will be the company’s first iEPCI™ project with Tullow Ghana Ltd.
Jubilee South East is an extension to the Jubilee field. The contract builds upon TechnipFMC’s established relationship with Tullow and covers supply and offshore installation of all major subsea equipment, including manifolds and associated controls, flexible risers and flowlines, umbilicals, and subsea structures.
At the pre-tendering stage, TechnipFMC utilized its Subsea Studio™ digital solutions to help optimize field layout. Subsea Studio™ is the company’s portfolio of design and monitoring tools which help clients to improve economics, enhance performance, and reduce emissions throughout the life of a project.
Jonathan Landes, President, Subsea at TechnipFMC, commented, “We are proud to continue supporting Tullow Ghana in the development of the Jubilee field. This is the first time Tullow has used our iEPCI™ model, which enables us to collaborate even more closely and simplify project delivery.
“We will continue to use our Subsea Studio™ digital solution to optimize the development, execution, and operation of Jubilee South East.
“We also see our work on this project as an opportunity to further develop our local content in Ghana, with the fabrication of a number of subsea structures, including production and water injection manifolds, carried out in-country.”
(1) For TechnipFMC, a “significant” contract is between $75 million and $250 million.
Note: this inbound order was included in the company’s second quarter financial results.
Important Information for Investors and Securityholders
Forward-Looking Statement
This release contains "forward-looking statements" as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. The words “believe”, “estimated” and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Such forward-looking statements involve significant risks, uncertainties and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. For information regarding known material factors that could cause actual results to differ from projected results, please see our risk factors set forth in our filings with the United States Securities and Exchange Commission, which include our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any of our forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except to the extent required by law.
About TechnipFMC
TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.
With our proprietary technologies and comprehensive solutions, we are transforming our clients’ project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.
Organized in two business segments — Subsea and Surface Technologies — we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation.
Each of our approximately 20,000 employees is driven by a commitment to our clients’ success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.
TechnipFMC uses its website as a channel of distribution of material company information. To learn more about how we are driving change in the industry, go to www.TechnipFMC.com and follow us on Twitter @TechnipFMC.
Investor relations
Matt Seinsheimer
Vice President, Investor Relations
Tel: +1 281 260 3665
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
James Davis
Senior Manager, Investor Relations
Tel: +1 281 260 3665
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Media relations
Nicola Cameron
Vice President, Corporate Communications
Tel: +44 1383 742297
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Catie Tuley
Director, Public Relations
Tel: +1 713 876 7296
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Alternatively Powered Commercial Vehicles: Global Fuel Markets 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global market for alternative fuel for all classes of commercial vehicles with oil prices at $40 per barrel should grow from $11.1 billion in 2021 to $19.4 billion by 2026 with a compound annual growth rate (CAGR) of 11.8% for the period of 2021-2026.
This report focuses on 10 major alternative fuels for commercial vehicles across North America; Latin America; Europe, the Middle East and Africa (EMEA); and the Asia-Pacific.
Alternative fuels are increasingly popular as countries seek energy independence and attempt to lower harmful emissions. The U.S. has led this effort and makes fuels from vegetables, restaurant grease and other materials for use in dedicated and flex-fuel vehicles. In dedicated vehicles, a single type of fuel can work but in flex-fuel vehicles, multiple types of fuels can be used by blending of fuels in a standard ratio as suggested by vehicles manufacturers.
This report considers several types of vehicles. Medium and heavy-duty type commercial vehicles command a major share of the market.
There are three price points considered for developing a complete understanding of alternative fuels for commercial vehicles: $40 barrel per thousand units, $80 barrel per thousand units and $120 barrel per thousand units. Most commonly, the price of fuel depends on the quality and effectiveness of fuel.
We have also covered information for industry leaders as well as for followers in the company profile chapter, key developments, and competition landscape, and others. The impact of COVID-19 is also covered in the scope of this report.
All market values are in U.S. dollar ($) millions and all are calculated as nominal value; 2020 is considered as the base year and 2021 as the projected year, with values forecast from 2022 to 2026. The market values are forecasted based on projected growth in various industries.
This updated report includes the impact of COVID-19 on the consumption of alternative fuels for commercial vehicles. Although there is a lack of data pertaining to the consumption of alternative fuels for commercial vehicles in 2020, the passenger car segment was hard-hit compared to commercial vehicles. Furthermore, the prices of conventional fuels went high during the pandemic period, which indirectly pushed the sales of alternatively powered vehicles as well as the consumption of alternative fuels.
The Report Includes
Key Topics Covered:
Chapter 1 Introduction
Chapter 2 Summary and Highlights
Chapter 3 Market Background
Chapter 4 Requisite Enabling Systems for Alternative Fuels
Chapter 5 Business Case Economics by Fuel Type and Region
Chapter 6 Market Size and Forecast for Alternative Fuels by Vehicle Class
Chapter 7 Company Profiles
Chapter 8 Appendix: Acronyms
For more information about this report visit https://www.researchandmarkets.com/r/s9zk2l
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Systems will provide clean, renewable energy to select California restaurants
ATLANTA--(BUSINESS WIRE)--#SolMicroGrid--SolMicroGrid, an Energy-as-a-Service microgrid company, announced plans today to deploy a solar-enabled microgrid solution to provide energy resiliency and renewable energy to three Chick-fil-A® restaurants in California. SolMicroGrid’s innovative systems address the issue of planned and unplanned power outages and the need for greater renewable energy.
Through a combination of solar, natural gas generators, and on-site storage controlled by an AI dashboard, the microgrids will provide the reliability of continuous power during local utility outages. The microgrids are designed to produce clean, cost reducing, reliable and “always on” energy.
“This new system will allow us to reduce energy costs while helping us continue to serve our guests even through power outages,” said April Farage, a Chick-fil-A Operator in Stockton, California. “This solution will allow us to provide a place where guests in the community can convene, enjoy a meal and plug in when power may not be available to their homes.”
SolMicroGrid is a developer and operator of microgrid systems for commercial and industrial customers across North America who seek a comprehensive Energy-as-a-Service solution to their power needs. The senior management team, led by Matt Ward and Joyce Bone, worked alongside Chick-fil-A, Inc. to develop the first-of-its-kind energy system, which can be used at restaurants, gas stations, grocery stores, pharmacies and other community-essential businesses.
“The intention from the inception of SolMicroGrid was to provide community-critical businesses with the clean, renewable energy they need to serve their customers even during times of crisis, as well as to address the trend of increasing costs in energy,” said Ward, co-founder and CEO of SolMicroGrid.
Bone, co-founder and President of SolMicroGrid, added, “We could not be more excited to be associated with such a stellar organization as Chick-fil-A. Our corporate goals align closely with Chick-fil-A’s own commitment to the communities that Chick-fil-A restaurants serve and we both want to do our part in making this world a better place through greater use of carbon-free, renewable solar energy.”
Upon completion of the initial installations in California, Chick-fil-A, Inc. and SolMicroGrid, with support from its financial partner, Morgan Stanley Energy Partners, through their managed investment funds, intend to explore microgrid solutions for additional Chick-fil-A restaurant locations across North America.
About SolMicroGrid
Headquartered in Alpharetta, Georgia, SolMicroGrid is a differentiated developer and operator of solar-enabled microgrid systems offering energy resiliency and efficiency to commercial and industrial customers. SolMicroGrid is a portfolio company of Morgan Stanley Energy Partners. For further information about SolMicroGrid, please visit www.solmicrogrid.com.
About Chick-fil-A
Atlanta-based Chick-fil-A, Inc. is a family owned and privately held restaurant company founded in 1967 by S. Truett Cathy. Devoted to serving the local communities in which its franchised restaurants operate, and known for its original chicken sandwich, Chick-fil-A serves freshly prepared food in more than 2,600 restaurants in 47 states, Washington, D.C., and Canada. A leader in customer service satisfaction, Chick-fil-A was named top fast food restaurant in Newsweek’s 2019 America’s Best Customer Service report and received several honors in QSR’s 2019 Reader’s Choice Awards, including “The Most Respected Quick-Service Brand” and “Best Brand for Overall Experience”. Additionally, Glassdoor named Chick-fil-A, Inc. one of the top 100 best places to work in 2020. More information on Chick-fil-A is available at www.chick-fil-a.com.
Kaitlin Jarvis
The Brandware Group on behalf of SolMicroGrid
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770-649-0880 ext. 317
Fourth Episode in 7 Saturdays Series Helps take the Anxiety out of Emergency Planning
SAN FRANCISCO--(BUSINESS WIRE)--As California enters the height of wildfire season, PG&E is continuing to offer information to help all Californians protect their homes and communities. In the fourth episode of its new 7 Saturdays to a More Fire-Resistant Home online video series, PG&E Senior Public Safety Specialist David Hawks and Co-Host Alicia Mason dig into how viewers can prepare emergency kits and plans for safe home evacuations.
Customers can stream the show on PG&E’s preparedness website, the Safety Action Center, which provides a wide array of information to help customers keep their families, homes and businesses safe during natural disasters and other emergencies.
Hawks, former CAL FIRE Chief of the Butte Unit, knows firsthand how important it is to have an emergency plan in place. According to Hawks, preparing in advance can ease fear and anxiety and help people respond quicker during an actual emergency. “Every household should have their own emergency plan that they review and update every six months. This includes having at least two emergency exit routes mapped out of your home and community, packing an emergency go-bag and signing up for emergency alerts,” said Hawks.
In this episode, viewers will learn:
Watch the fourth episode now on the Safety Action Center (safetyactioncenter.pge.com). New episodes will launch every week, for seven weeks.
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.
MEDIA RELATIONS:
415-973-5930
HOUSTON--(BUSINESS WIRE)--MV Oil Trust (NYSE: MVO) announced the Trust distribution of net profits for the second quarterly payment period ended June 30, 2021.
Unitholders of record on July 16, 2021 will receive a distribution amounting to $3,450,000 or $0.300 per unit payable July 23, 2021.
Volumes, average price and net profits for the payment period were:
Volume (BOE) |
|
166,357 |
|
|
Average price (per BOE) |
|
$ |
58.05 |
|
Gross proceeds |
|
$ |
9,657,182 |
|
Costs |
|
$ |
5,062,304 |
|
Net profits |
|
$ |
4,594,878 |
|
Percentage applicable to Trust’s 80% |
|
|
|
|
Net profits interest |
|
$ |
3,675,902 |
|
MV Partners reserve for capital expenditures |
|
$ |
-- |
|
Total cash proceeds available for the Trust |
|
$ |
3,675,902 |
|
Provision for estimated Trust expenses |
|
$ |
(225,902 |
) |
Net cash proceeds available for distribution |
|
$ |
3,450,000 |
|
This press release contains forward-looking statements. Although MV Partners, LLC has advised the Trust that MV Partners, LLC believes that the expectations contained in this press release are reasonable, no assurances can be given that such expectations will prove to be correct. The announced distributable amount is based on the amount of cash received or expected to be received by the Trustee from the underlying properties on or prior to the record date with respect to the quarter ended June 30, 2021. Any differences in actual cash receipts by the Trust could affect this distributable amount. Other important factors that could cause these statements to differ materially include the actual results of drilling operations, risks inherent in drilling and production of oil and gas properties, the ability of commodity purchasers to make payment, the effect, impact, potential duration or other implications of the COVID-19 pandemic, actions by the members of the Organization of Petroleum Exporting Countries, and other risk factors described in the Trust’s Annual Report on Form 10-K for the year ended December 31, 2020 filed with the Securities and Exchange Commission. Statements made in this press release are qualified by the cautionary statements made in these risk factors. The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release.
MV Oil Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Elaina Rodgers
713-483-6020
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