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NEWCASTLE & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE:FTI) (PARIS:FTI) today announced that it has completed the acquisition of the outstanding shares of Magma Global (Magma), the leading provider of composite pipe technology to support the Energy Transition.


TechnipFMC originally acquired an interest in Magma in 2018, combining its strong history in flexible pipe technology with Magma’s advanced composite capabilities to develop a disruptive composite pipe solution for the traditional and new energy industries.

Magma technology enables the manufacture of Thermoplastic Composite Pipe (TCP) using Polyether Ether Ketone (PEEK) polymer, which is highly resistant to corrosive compounds, such as CO2. When combined with TechnipFMC’s flexible pipe technology, this forms a Hybrid Flexible Pipe (HFP) that will be deployed in the Brazilian pre-salt fields.

Manufactured by a fully automated robotic system, PEEK TCP will also be a critical enabler for both the carbon capture, utilization and storage (CCUS) and hydrogen transportation markets, and particularly in offshore applications.

Jonathan Landes, President, Subsea at TechnipFMC, commented: “Magma and TechnipFMC bring together decades of combined knowledge regarding the development and installation of composite and flexible pipe. The combination of TechnipFMC’s experience delivering complex integrated Engineering, Procurement, Construction and Installation (iEPCI™) projects offshore with Magma’s leading position in composite technologies confirms our commitment to solving the industry’s greatest challenges, while upholding our commitments to sustainability.”

Justin Rounce, Executive Vice President and Chief Technology Officer at TechnipFMC, added: “This technology will also be a key enabler for offshore Energy Transition developments, such as transportation of green hydrogen, as pioneered by TechnipFMC’s Deep Purple™ offshore energy system, and transportation of CO2 utilizing an integrated carbon transportation and storage solution.”

Martin Jones, CEO at Magma, said: “Joining TechnipFMC is the natural step on our journey to maximize the commercialization of our technology. We are immensely proud of the PEEK TCP technology and advanced manufacturing system we have developed. Working together with TechnipFMC, we look forward to delivering innovative and disruptive solutions for both subsea risers and flowlines and CCUS applications.”

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.


Contacts

Investor relations

Matt Seinsheimer
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James Davis
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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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Oil-rich Nordic nation deemed ‘most prepared’ and ‘ready’ to reach Net Zero by 2050 

  • First ever Net Zero Readiness Index (‘NZRI’) created to assess countries’ readiness to transition to Net Zero
  • Northern Europe dominates top spots, with UK and Sweden in second and third place
  • A lack of delivery capability is a weak point in global Net Zero emissions ambitions

LONDON--(BUSINESS WIRE)--#NZRI--The oil-rich Nordic nation of Norway has been ranked number one in KPMG’s first-ever Net Zero Readiness Index (NZRI).



The report compares the progress of a selection of countries in reducing the greenhouse gas emissions that cause climate change and assesses their preparedness and ability to achieve Net Zero by 2050. Using 103 indicators, recognized as key drivers to achieving Net Zero, the top 25 performing countries and seven ‘countries to watch’ were identified.

Despite being one of the world’s largest oil and gas exporters, Norway topped this year’s NZRI, partly due to private and public investment in renewable energy and electrified transport across the country. In 2016, the Norwegian parliament voted to bring forward its target date for carbon neutrality from 2050 to 2030. However, despite their top ranking, the nation still faces significant decisions over how it continues to tackle challenges in their transition to net zero.

The UK, which is preparing to host the COP26 Climate Summit next month, took overall second place, due in-part to cross-party political support and clear legally-backed targets that have enabled the comparatively swift decarbonization of the country’s power generation sector, but many obstacles remain – particularly on heat and buildings.

Norway’s Nordic neighbor, Sweden, ranked third for being ‘highly ambitious’ and an international advocate for climate policy, green energy and technology. The country’s next step to Net Zero is to reduce its continued reliance on agricultural exports and imports.

Key findings from the Index include:

  • Some countries are lagging in adopting Net Zero with only 9 of those surveyed, who account for approximately 8 percent of global emissions, having legally binding commitments in place. In order to stimulate delivery capability at the sector level, these targets need to be backed by robust strategies, policies and support mechanisms, In most jurisdictions the NZRI preparedness on a national level is mirrored by the level of readiness at the sector level.
  • A lack of delivery capability is a weak point in global Net Zero ambitions. The Index shows that those countries with a Net Zero target in place, either legally binding or policy, demonstrate stronger capability across sectors. The report also shows a correlation between prosperity and the readiness to achieve Net Zero, highlighting the need to escalate the mobilization of support to developing economies.
  • Insights from all surveyed nations show that whilst the global financial sector is increasingly factoring climate risk into their investment and lending decisions, governments have a critical role to play in enhancing access to such financing by creating enabling environments such as sustainable finance strategies, policies and regulatory frameworks.
  • These country insights also help to highlight the importance of political alignment and public support in the success of key decarbonization initiatives.

The NZRI top 25 countries were:

1) Norway
2) United Kingdom
3) Sweden
4) Denmark
5) Germany
6) France
7) Japan
8) Canada
9) New Zealand
10) Italy
11) South Korea
12) Spain
13) Hungary
14) United States of America
15) Singapore
16) Chile
17) Australia
18) Brazil
19) Poland
20) China
21) Malaysia
22) Argentina
23) Mexico
24) Turkey
25) United Arab Emirates

The seven countries to watch were:

India
Indonesia
Nigeria
Russia
Saudi Arabia
South Africa
Thailand

The publication of the Net Zero Readiness Index comes ahead of November’s crucial COP26 Climate Summit in Glasgow. The United Nations outlines that greenhouses gases in the atmosphere are at their highest level for three million years, driving a global temperature increase of 0.85 degrees Celsius between 1880 and 2012 and a rise in sea-levels of 19cm. Political and business leaders are becoming increasingly aligned that immediate action is required to stop the catastrophic social, environmental and economic impacts further temperature rises could have on the planet.

Richard Threlfall, Global Head of KPMG IMPACT, said:

“Climate change is the existential challenge facing humanity, but we need to face what seems like an overwhelming challenge with positivity and a sense of collective responsibility. It is vital that every individual, organization and country collaborates to an unprecedented degree, and with transparency and honesty. I hope that the NZRI will encourage countries that have a long way to go to learn from those who are making the most progress, and encourage everyone who reads it to play their part in getting us to Net Zero.”

Mike Hayes, Global Head of Climate Change & Decarbonization at KPMG, commented:

“Over the past 18 months, we have witnessed a phenomenal and welcome rise in net zero and science-based targets commitments from the public and private sector and national Governments. As a result, we’re starting to see businesses take a more proactive approach to addressing their decarbonization objectives. The fundamental challenge for business however is how to move from making commitments to delivering them and stakeholders will want to see progress before too long. It is clear that the business community and political leaders are responding to the crisis, but there is clearly much more that could and should be done. KPMG’s Net Zero Readiness Index highlights the patchwork effect that we’re now starting to see globally. From territory to territory, different priorities are having different effects. With COP26 a matter of weeks away, this is our moment to learn from each other and ensure world and business leaders take a collaborative action-focused approach to the climate challenge and help make net zero a reality before it is too late.”

The 2021 Net Zero Readiness Index was produced by KPMG IMPACT, established last year to support and empower the global organization and KPMG firms’ clients in delivering on the UN’s Sustainable Development Goals – from ESG & Sustainability to Economic & Social Development, Sustainable Finance, Climate Change and Decarbonization and Measurement, Assurance & Reporting.

Notes to Editors

About the Net Zero Readiness Index (NZRI)

The Net Zero Readiness Index (NZRI) is a tool that compares the progress of 32 countries in reducing the greenhouse gas emissions that cause climate change and assesses their preparedness and ability to achieve Net Zero by 2050. The 32 participating countries have been grouped into two categories: the top-performing 25 countries in the race to Net Zero based on progress to-date and established initiatives; and seven countries to watch where there are significant opportunities to advance decarbonization efforts through large scale projects and emerging escalation initiatives. For each of the 32 countries, the NZRI considers 103 indicators that KPMG considers as key drivers to achieving Net Zero. The indicators have been split between national preparedness and sector readiness. National preparedness considers a country’s national commitment to decarbonize, its past decarbonization performance, country-specific drivers of emissions such as population growth, and the national enabling environment for decarbonization. Sector readiness covers electricity and heat; transport; buildings; industry; and agriculture, land use, land use change and forestry (in the report referred to as agriculture, land use and forestry). The index looks at the indicators for sector readiness through three lenses: decarbonization status, government action and delivery capability. The indicators are aligned to the fifth assessment report of the UN’s Intergovernmental Panel on Climate Change published in 2014 and insights from KPMG experts in each country providing local context and insight into challenges, successes and imminent initiatives. The intended audience for the NZRI is governments and the public sector, multilateral organizations, investors and financial institutions, the private sector and the general public. It is likely to be of particular interest to any entity, department, business or person with an interest or responsibility in advancing the Net Zero agenda. This study uses the World Resources Institute definition of ‘Net Zero’. Primarily, this involves reducing greenhouse gas emissions caused by humans as close as possible to zero. Remaining emissions are balanced by an equivalent amount of carbon removal from the atmosphere, effectively neutralizing humanity’s future impact on the world’s climate. The main greenhouse gas is carbon dioxide, and work towards Net Zero is often called ‘decarbonization’ to reflect the focus on this gas, which is released when fossil fuels are burnt. However, emissions of methane and nitrous oxide also make significant contributions to climate change and are included in this index.


Contacts

For media queries:
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ABERDEEN, Scotland--(BUSINESS WIRE)--KNOT Offshore Partners LP (NYSE:KNOP) (“The Partnership”)

Distribution

The Partnership announced today that its Board of Directors has declared a quarterly cash distribution with respect to the quarter ended September 30, 2021, of $0.52 per unit.

This corresponds to $2.08 per outstanding unit on an annualized basis.

This cash distribution will be paid on November 10, 2021 to all unitholders of record as of the close of business on October 28, 2021.

About KNOT Offshore Partners LP

KNOT Offshore Partners LP owns, operates and acquires shuttle tankers under long-term charters in the offshore oil production regions of the North Sea and Brazil. KNOT Offshore Partners LP is structured as a publicly traded master limited partnership. KNOT Offshore Partners LP’s common units’ trade on the New York Stock Exchange under the symbol “KNOP”.

Forward looking statements

This press release includes statements that may constitute forward-looking statements. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. Factors that can affect future results are discussed in the Annual Report on Form 20-F filed by the Partnership with SEC. The Partnership undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.

Source: KNOT Offshore Partners LP


Contacts

KNOT Offshore Partners LP
Gary Chapman
Chief Executive Officer and Chief Financial Officer
Tel: +44 7496 170 620
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Funding led by Upper90 to fuel continued growth and innovation

HOUSTON--(BUSINESS WIRE)--e2log, supply chain technology innovator, is pleased to announce another round of funding. The process was led by New York-based Upper90, a hybrid fund providing founder-friendly credit and equity to leading disruptors in e-commerce, enterprise and fintech. A team of individual investors with significant technology and software experience also participated in this round. Douglas Gilstrap will be joining the e2log Board as a representative of the investor group.

The funds will support additional technology innovation, enhance global connectivity, and drive sales and marketing initiatives.

“Recent global turmoil from supply chain disruptions highlights the lack of technology — as well as the need for more in this space,” said Adolph Colaco, e2log CEO. “This round of funding brings more exceptional investors into our portfolio to support and guide us as we continue challenging the conventional way enterprises manage their supply chains.”

A new approach to logistics

e2log’s unique Enterprise Logistics Management System helps cargo owners and shippers manage the end-to-end supply chain process for complete order lifecycle management. The e2log solution allows supply chain teams across the enterprise to work on a single platform and manage both international as well as domestic logistics for all types of cargo via all modes of transportation. The platform greatly simplifies otherwise complex logistics processes, helping cargo owners and shippers gain control of their supply chains.

"No matter the size or stage, offline or online, every business faces supply chain challenges. e2log is delivering an integrated platform that improves efficiency, transparency and cost savings at every point in the cycle," said Billy Libby, CEO and founder, Upper90. “We're proud to be an early partner in e2log, helping them accelerate growth with less dilution."

About e2log

Texas-based e2log was founded in 2018 by a team of seasoned supply chain executives with a mission to simplify global logistics and help cargo owners and shippers significantly improve control of their supply chains. The company has since built a cloud-based platform which helps save shipping costs, significantly improves process efficiency, and measures performance of each component of the supply chain, while delivering unprecedented visibility and transparency. More information on e2log can be found at www.e2log.com.


Contacts

Media Contact:
Jenna Cooper, APR
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DEERFIELD, Ill.--(BUSINESS WIRE)--CF Industries Holdings, Inc. (NYSE: CF), a leading global manufacturer of hydrogen and nitrogen products, today announced a planned transition of leadership roles for its board of directors.


Highlights:

  • Stephen A. Furbacher, current chair of the CF Industries board, will retire at the Annual Meeting of Stockholders in May 2022
  • The board has elected Stephen J. Hagge, current independent director of CF Industries, as incoming chair, effective January 1, 2022
  • The board has elected John W. Eaves, current independent director of CF Industries, as incoming chair of the compensation and management development committee, effective January 1, 2022

“I am honored by the trust placed in me by my fellow directors to serve as chair of CF Industries’ board of directors,” said Stephen J. Hagge. “On behalf of the board, I want to thank Steve Furbacher for his nearly 15 years of service to CF Industries. His leadership has been an integral part of making CF Industries and its board of directors what they are today. We look forward to building on the progress we have made under his guidance as we work together to create long-term value for stakeholders.”

“Serving on CF Industries’ board of directors has been a tremendous privilege for the past 15 years,” said Stephen A. Furbacher, current chair. “I am most proud of the work we have done to broaden the board’s skills, experiences and diversity in recent years. This purposeful effort has strengthened the board’s ability to be an effective advocate for stakeholders and a valued resource for management in the years ahead.”

Board of Directors Leadership Transition

Stephen A. Furbacher has informed the board that he will retire and not stand for re-election to the board at CF Industries’ Annual Meeting of Stockholders in May 2022, under the general policy of the Company that no director having attained the age of 74 years shall be nominated for re-election or reappointment to the board. Mr. Furbacher will continue to serve on the board until his current term of office expires at the Annual Meeting. He has been an independent director since 2007 and served as chairman since 2014.

Accordingly, the board of directors of CF Industries has elected Stephen J. Hagge, former president and chief executive officer of Aptar Group, Inc. and current independent director of the Company, as the incoming chair, effective January 1, 2022.

In this role, Mr. Hagge will coordinate the activities of the independent directors, coordinate the agenda for and moderate sessions of the independent directors, and facilitate communications between the other members of the board. He has been an independent director since 2010, most recently serving as chair of the compensation and management development committee and as a member of the audit committee.

CF Industries’ board of directors has elected John W. Eaves, executive chairman of Arch Resources, Inc. and current independent director of the Company, as the incoming chair of the compensation and management development committee, replacing Mr. Hagge in that role effective January 1, 2022. Mr. Eaves has been an independent director of the Company since 2017.

Board of Directors Overview

Following the retirement of Mr. Furbacher in May 2022, CF Industries’ board of directors is expected to have 11 members, consisting of ten independent directors and Tony Will, president and chief executive officer, CF Industries Holdings, Inc., who together represent a broad range of experience and skills. At that time, over half of the members of the board of directors will have joined since 2017 and the composition of the board will be 55% diverse (gender or racial/ethnic background).

The board of directors, through its corporate governance and nominating committee, regularly reviews the overall composition of the board and its committees to assess whether each reflects the appropriate mix of experience, qualifications, attributes, and skills that are relevant to CF Industries' current and future global strategy, business, and governance.

For biographical information about CF Industries’ board of directors, please visit the investor section of www.cfindustries.com.

About CF Industries Holdings, Inc.
At CF Industries, our mission is to provide clean energy to feed and fuel the world sustainably. With our employees focused on safe and reliable operations, environmental stewardship, and disciplined capital and corporate management, we are on a path to decarbonize our ammonia production network – the world’s largest – to enable green and blue hydrogen and nitrogen products for energy, fertilizer, emissions abatement and other industrial activities. Our nine manufacturing complexes in the United States, Canada, and the United Kingdom, an unparalleled storage, transportation and distribution network in North America, and logistics capabilities enabling a global reach underpin our strategy to leverage our unique capabilities to accelerate the world’s transition to clean energy. CF Industries routinely posts investor announcements and additional information on the Company’s website at www.cfindustries.com and encourages those interested in the Company to check there frequently.


Contacts

Media
Chris Close
Director, Corporate Communications
847-405-2542 – This email address is being protected from spambots. You need JavaScript enabled to view it.

Investors
Martin Jarosick
Vice President, Investor Relations
847-405-2045 – This email address is being protected from spambots. You need JavaScript enabled to view it.

DUBLIN--(BUSINESS WIRE)--The "Global Solar Panel for Electric Vehicle and Chargers Market Research Report: Forecast (2021-2026)" report has been added to ResearchAndMarkets.com's offering.


The Global Solar Panel for Electric Vehicle & Chargers Market is likely to grow at a CAGR of around 35% during 2021-2026.

The growth is attributed to low prices associated with solar charging and surging research and development activities for developing more advanced electric vehicles. Further, burgeoning concerns regarding environmental pollution also fuel the demand for solar panels in electric vehicle charging.

Low Charging Costs Boost Market Growth

One of the most crucial factors driving the Solar Panel for Electric Vehicles and Chargers Market is the surging prices of petroleum products. Consumers from various emerging countries are adversely affected by the high cost of petrol. Therefore, the demand for a solar-powered electric vehicle is significantly rising across the globe. Additionally, solar panels are the energy-efficient source of charging, thereby positively influencing the market growth.

Impact of COVID-19

The sudden outbreak of the COVID-19 pandemic has adversely affected the Global Solar Panel for Electric Vehicles and Chargers Market due to the lockdown imposed and restrictions on cross-border trade, disrupting the supply chain. Further, the temporary shutdown of large-scale manufacturing units and assembly plants throughout the world has negatively affected the production of solar panels.

The imposition of lockdown and stringent restriction rules undertaken by the government negatively influenced the overall growth of the automotive industry. However, as the government has started relaxing norms for resuming business activities, the Global Solar Panel for Electric Vehicles and Chargers Market is very likely to witness substantial growth in the forecast period.

Passenger Electric Vehicles Accounted for the Largest Market Share

Based on the Vehicle Type, the market segments into Passenger Electric vehicles, Commercial Electric vehicles, and Electric two-wheelers& three-wheelers. Among these segments, the Passenger Electric vehicles acquired the largest share in the Global Solar Panel for Electric Vehicles and Chargers Market in the past few years.

It owes to changing consumer lifestyles and their burgeoning purchase power, which aids the sales of premium passenger electric cars. Additionally, the efficiency of the solar-powered electric car is very high, thereby fueling the segment growth and driving the overall market.

Level 2 Dominated the Market

Based on Changing Levels, the market bifurcates into Level 1, Level 2, and Level 3. Of these levels, Level 2 captured a significant share in the Global Solar Panel for Electric Vehicles and Chargers Market in the previous few years. The segment growth owes to the surging government focus on public & semi-public charging stations for providing services like overnight charging.

In addition to this, rising consumer preference to use Level 2 chargers as private charging stations at their home is another prime factor propelling the segment growth.

Asia-Pacific Attained the Highest Market Share

Geographically, Asia-Pacific held the largest share in the Global Solar Panel for Electric Vehicles and Chargers Market in the previous few years. It owes to the burgeoning demand for electric vehicles in the emerging countries of the region. Additionally, the mounting purchasing power of the middle-class populace further aids the sales of EVs in Asia-Pacific, which, in turn, fuels the demand for solar panels for charging the vehicle.

Further, the availability of economic labor is beneficial to expand the automobile industry in the region, thereby helping in propelling the growth of the Solar Panel for Electric Vehicles and Chargers Market.

Key Questions Answered

1. What are the overall market statistics or estimates (Market Overview, Market Size - by Value, Forecast Numbers, Market Segmentation, and Market Shares) of the Global Solar Panel for Electric Vehicles and Chargers Market?

2. What is the region-wise industry size, growth drivers, and challenges?

3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Solar Panel for Electric Vehicles and Chargers Market?

4. Who are the key competitors, their key strengths & weaknesses, and how they perform in the Global Solar Panel for Electric Vehicles and Chargers Market based on a competitive benchmarking matrix?

5. What are the key results derived from the market surveys conducted during the Global Solar Panel for Electric Vehicles and Chargers Market study?

Major Companies Profiled

  • Electrify America
  • Beam Global
  • Ovo Energy Ltd.
  • ChargedEV
  • MyEnergi Ltd.
  • WallBox Chargers S.L.
  • Empower Solar
  • Power-Sonic
  • Hanergy the Film Power
  • Wiocor Ltd.
  • Lightyear One
  • Sono Motors GmbH
  • Vivint Solar
  • Toyota Motor Corporation
  • Off-Grid Installer Limited

For more information about this report visit https://www.researchandmarkets.com/r/icsr4y


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

DEERFIELD, Ill.--(BUSINESS WIRE)--CF Industries Holdings, Inc. (NYSE: CF) today reported that its board of directors has declared a $0.30 per share dividend on its common stock. The dividend will be payable on November 30, 2021, to stockholders of record as of November 15, 2021.


Additionally, the Company confirmed that it will report its nine month and third quarter 2021 results after the market close on Wednesday, November 3, 2021. The company plans to host a conference call to discuss these results at 10:00 a.m. ET on Thursday, November 4, 2021.

Investors can access the call by dialing 866-748-8653 or 678-825-8234. The passcode is 7577677. The conference call also will be available live on the Company’s website at www.cfindustries.com. Participants also may pre-register for the webcast on the Company’s website. Please log-in or dial-in at least 10 minutes prior to the start time to ensure a connection. A replay of the webcast will be available through the company’s website at www.cfindustries.com.

About CF Industries Holdings, Inc.

At CF Industries, our mission is to provide clean energy to feed and fuel the world sustainably. With our employees focused on safe and reliable operations, environmental stewardship, and disciplined capital and corporate management, we are on a path to decarbonize our ammonia production network – the world’s largest – to enable green and blue hydrogen and nitrogen products for energy, fertilizer, emissions abatement and other industrial activities. Our nine manufacturing complexes in the United States, Canada, and the United Kingdom, an unparalleled storage, transportation and distribution network in North America, and logistics capabilities enabling a global reach underpin our strategy to leverage our unique capabilities to accelerate the world’s transition to clean energy. CF Industries routinely posts investor announcements and additional information on the company’s website at www.cfindustries.com and encourages those interested in the company to check there frequently.


Contacts

Media
Chris Close
Director, Corporate Communications
847-405-2542 – This email address is being protected from spambots. You need JavaScript enabled to view it.

Investors
Martin Jarosick
Vice President, Investor Relations
847-405-2045 – This email address is being protected from spambots. You need JavaScript enabled to view it.

DUBLIN--(BUSINESS WIRE)--The "Global Green Hydrogen Market Research Report: Forecast (2021-2026)" report has been added to ResearchAndMarkets.com's offering.


According to the report, the market is likely to grow at a CAGR of around 15.7% during the forecast period of 2021-2026.

The market growth owes to the rapidly surging demand and opportunities for green hydrogen in several sectors that shall eventually enable various companies to benefit from a flooding hydrogen fuel economy. Oil & gas companies continue to demand green hydrogen to reduce using fossil fuels, thereby likely to drive the perception of hydrogen as an energy carrier and propel the demand for green hydrogen in the forecast years.

The most prominent factor driving the growth of the market is the increasing demand for renewable energy resources. Besides, the adoption rate of green hydrogen is increasing astronomically due to the massive government investments & subsidies to promote clean fuel usage, including hydrogen. Such resources are the eco-friendly alternatives to fossil fuels, which is likely to drive the Global Green Hydrogen Market massively in the forecast years.

Impact of COVID-19

The outbreak of the Covid-19 pandemic did not adversely affect the Global Green Hydrogen Market. However, the demand for green hydrogen reduced amidst the pandemic. To avoid the spread of the virus, many governments countries across the globe imposed strict restrictions and lockdown norms that brought delays and disruptions in business activities. Additionally, the demand for products & raw materials and manufacturing facilities weakened product & service demand. Furthermore, the automotive industry also witnessed the scarcity of raw materials for manufacturers. However, government initiatives are likely to boost the Green Hydrogen demand post the COVID-19 pandemic.

Onshore Location Attains the Largest Market Share

Based on the location, the Global Green Hydrogen Market segments into Onshore and Offshore Locations. Here, the Onshore Location is likely to attain the largest market share in the forecast period. It owes prominently to the cost of electricity in the Onshore Location procured from solar panels, massively increasing the production of Green Hydrogen. Furthermore, the production of green hydrogen is increasingly becoming substantially economical due to the continuously reducing costs of solar photovoltaic & wind electricity generation. Hence, these factors are likely to drive the segment to attain the largest share of the Global Green Hydrogen Market in the forecast years.

Offshore Location to Witness the Fastest Market Growth

The Offshore Location segment shall attain the fastest market growth in the forecast years due to the rapidly growing demand and supply of green hydrogen and the growing interest from industry and market players in exploring & enabling routes to market for the large-scale production of hydrogen from offshore locations, including potential export. Hence, the segment is likely to attain the fastest growth in the coming years, states the author research report, "Global Green Hydrogen Market Analysis, 2021."

North America to Attain for the Largest Market Share

The Global Green Hydrogen Market is expanding exponentially where North America is likely to attain the largest market share in the forecast period. It owes prominently to the well-articulated & favorable government policies concerning low emission transportation systems in the US. Furthermore, progress in carbon neutralization transportation is also propelling the demand for green hydrogen, fueling the growth of the Global Green Hydrogen Market with the largest market share in the forecast years.

Key Questions Answered

  1. What are the overall market statistics or market estimates (Market Overview, Market Size - By Value, Forecast Numbers, Market Segmentation, Market Shares) of the Global Green Hydrogen Market?
  2. What are the region-wise industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Green Hydrogen Market?
  4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Global Green Hydrogen Market based on the competitive benchmarking matrix?
  5. What are the key results derived from the market surveys conducted during the Global Green Hydrogen Market study?

Major Companies Profiled

  • Linde plc
  • Air Liquide
  • Siemens
  • Air Products & Chemicals
  • Plug Power
  • Nel Hydrogen
  • Green Hydrogen Systems
  • Solena Group
  • ERGOSUP
  • Loop Energy Inc.
  • Bloom Energy

For more information about this report visit https://www.researchandmarkets.com/r/1ydcvr


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
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HOUSTON--(BUSINESS WIRE)--Sunnova Energy International Inc. (“Sunnova”) (NYSE: NOVA), one of the leading U.S. residential solar and storage service providers, announced today the appointment of Mary Yang as an independent Class III director of the Company's Board of Directors effective Wednesday, October 13th, 2021. Yang has more than 25 years of experience in technology through a career focused on advising companies on strategic investments, alliance opportunities and global M&A activity. The addition of Yang to the Board of Directors brings the total number of directors to ten.


“Mary’s strategic insights and deep experience in high-growth global technology businesses will complement Sunnova’s focus on accelerating our software development and innovation to improve the services we provide dealers and customers,” said William J. (John) Berger, Chairman and Chief Executive Officer of Sunnova. “We’re excited to welcome Mary to the board and know that her contribution will be vital to our growth and evolution as a technology-enabled service provider."

Yang currently serves as Senior Vice President and Chief Strategy Officer of Ciena Corporation, a networking systems, services and software company, a position she has held since April 2020. Prior to joining Ciena, she served as Vice President of Corporate Development /Business Development at NIO Inc., a leader in the design and development of smart, high-performance electric vehicles from February 2016 to April 2020. Previously, Yang served as Vice President of Corporate Development and Strategic Alliances at Fortinet, Inc., a global leader in cybersecurity solutions, from July 2014 to February 2016. In addition, she previously held senior leadership roles in strategy and corporate development at leading communications companies, including Cisco Systems, Inc. and Nortel Networks Limited.

Yang holds several academic degrees from Stanford University, including a Juris Doctorate, Master of Business Administration, Master of Science in Management Science and Engineering, and Bachelor of Arts in Quantitative Economics.

About Sunnova
Sunnova Energy International Inc. (NYSE: NOVA) is a leading residential solar and energy storage service provider with customers across the U.S. and its territories. Sunnova's goal is to be the source of clean, affordable and reliable energy with a simple mission: to power energy independence so that homeowners have the freedom to live life uninterrupted®.
For more information, please visit sunnova.com.


Contacts

Media Contact
Alina Eprimian
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Investor & Analyst Contact
Rodney McMahan
Vice President, Investor Relations
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281.971.3323

Volta to be the exclusive EV charging partner for select Floor & Decor locations

SAN FRANCISCO--(BUSINESS WIRE)--Volta Inc. (“Volta”), an industry leader in commerce-centric electric vehicle (“EV”) charging networks, is partnering with Floor & Decor, a leading specialty retailer of hard-surface flooring, to make EV charging accessible to its customers at their warehouse stores across the United States. The charging stations are slated to be in place for customers at 8 Floor & Decor locations by the end of 2021, with more stations nationwide in 2022.



Floor & Decor offers homeowners and professionals the industry’s broadest in-stock selection of tile, natural wood, natural stone, laminate, and luxury vinyl plank under one roof. The addition of Volta stations will provide Floor & Decor customers with an additional, high-value service as they shop.

Floor & Decor strives to make a positive impact in the communities where we live and work, and the addition of Volta charging stations provides both convenience and the ability for our customers to lower their environmental impact,” said Brandon Shah, Senior Manager, Real Estate Consolidated Systems of Floor & Decor.

Founded on the premise that the electrification of mobility is likely to be a transformational shift, Volta builds and operates a nationwide EV charging network that has among the best utilization per station in the EV charging industry for the United States. Centered around capturing new spending habits expected to result from the shift to electric vehicles, Volta seeks to transform the fueling industry by building charging stations in locations where drivers already spend their time and money, including grocery stores, pharmacies and other retail locations.

Volta’s mission is to offer convenient, reliable electric vehicle charging at the places people go, by showing that people can fuel up where they drive, not drive to fuel,” said Scott Mercer, Founder and CEO of Volta. “EV charging is an ideal service for businesses, such as Floor & Decor, who want to show that they care about creating a superior shopper experience as well as environmental impact.”

About Volta

Volta Inc. (NYSE: VLTA) is an industry leader in commerce-centric EV charging networks. Volta’s vision is to build EV charging networks that capitalize on and catalyze the shift from combustion-powered miles to electric miles by placing stations where consumers live, work, shop and play. By leveraging a data-driven understanding of driver behavior to deliver EV charging solutions that fit seamlessly into drivers’ daily routines, Volta’s goal is to benefit consumers, brands and real-estate locations while helping to build the infrastructure of the future. As part of Volta’s unique EV charging offering, its stations allow it to enhance its site hosts’ and strategic partners’ core commercial interests, creating a new means for them to benefit from the transformative shift to electric mobility. To learn more, visit www.voltacharging.com.

Forward-Looking Statements

This press release includes forward-looking statements, which are subject to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as "feel,” “believes,” expects,” “estimates,” “projects,” “intends,” “should,” “is to be,” or the negative of such terms, or other comparable terminology and include, among other things, statements regarding Volta’s strategy and other future events that involve risks and uncertainties. Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein due to many factors, including, but not limited to: intense competition faced by Volta in the electric vehicle (“EV”) charging market and in its content activities; the possibility that Volta is not able to build on and develop strong relationships with real estate and retail partners to build out its charging network and content partners to expand its content sales activities; market conditions, including seasonality, that may impact the demand for EVs and EV charging stations or content on Volta’s digital displays; risks, cost overruns and delays associated with construction and installation of Volta’s charging stations; risks associated with any future expansion by Volta into additional international markets; cost increases, delays or new or increased taxation or other restrictions on the availability or cost of electricity; rapid technological change in the EV industry may require Volta to continue to develop new products and product innovations, which it may not be able to do successfully or without significant cost; the risk that Volta’s shift to including a pay-for-use charging business model and the requirement of mobile check-ins adversely impacts Volta’s ability to retain driver interest, content partners and site hosts; the EV market may not continue to grow as expected; and the ability to protect its intellectual property rights; and those factors discussed in Volta’s Annual Report on Form 10-K, as amended, under the heading “Risk Factors,” filed with the Securities and Exchange Commission (the “SEC”), as supplemented by Quarterly Reports on Form 10-Q, and other reports and documents Volta files from time to time with the SEC. Any forward-looking statements speak only as of the date on which they are made, and Volta undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.

About Floor & Decor

Founded in 2000, Atlanta-based Floor & Decor is a leading high growth specialty retailer of hard-surface flooring, operating 147 warehouse stores and two design studios in 33 states at the end of the second quarter of fiscal 2021. The stores offer homeowners and professionals the industry’s broadest in-stock selection of tile, natural wood, natural stone, laminate, and luxury vinyl plank, under one roof. In addition, Floor & Decor stocks the necessary tools, decorative materials, wall tile, and related accessories for hard-surface flooring projects. Stores carry over 1 million square feet of in-stock flooring and offer free design services, as well as a dedicated pro sales team. The company directly sources products from manufacturers around the globe, which enables it to bring the world’s best and most innovative flooring trends to its customers, at everyday low prices. Floor & Decor has locations nationwide, but each store is bolstered by a local focus that creates a store experience and mix of products that meet the needs of each market served. Additional company information can be found at www.flooranddecor.com and on Facebook.


Contacts

Sabrina Strauss
Goodman Media International, Inc.
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DALLAS--(BUSINESS WIRE)--Kosmos Energy Ltd. (“Kosmos” or the “Company”) (NYSE/LSE:KOS) announced today that is has launched a registered underwritten public offering of 37,500,000 shares of common stock (the “Offering”). In addition, Kosmos intends to grant the underwriters a 30-day option to purchase up to an additional 5,625,000 shares of common stock at the public offering price less underwriting discounts.


Kosmos intends to use the net proceeds from this offering to repay outstanding borrowings under its commercial debt facility, including borrowings incurred to finance a portion of the previously announced acquisition of Anadarko WCTP Company.

Barclays, BofA Securities and Jefferies are acting as joint book-running managers in the Offering.

The Offering is being made pursuant to an effective shelf registration statement, including a prospectus, filed by Kosmos with the U.S. Securities and Exchange Commission (“SEC”) on June 21, 2021. The Offering may only be made by means of a preliminary prospectus supplement and accompanying prospectus. Before you invest, you should read the applicable preliminary prospectus supplement and the prospectus in the registration statement and other documents we have filed with the SEC for more complete information about us and the Offering. You may access these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, we, the underwriters or any dealer participating in the Offering will arrange to send you the preliminary prospectus supplement and the accompanying prospectus upon request to: Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, (888) 603-5847, This email address is being protected from spambots. You need JavaScript enabled to view it. and BofA Securities at NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, Attention: Prospectus Department or by emailing to This email address is being protected from spambots. You need JavaScript enabled to view it..

This press release does not constitute an offer to sell or a solicitation of an offer to buy shares of common stock and shall not constitute an offer, solicitation or sale in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration and qualification under the securities laws of such state or jurisdiction.

About Kosmos Energy

Kosmos is a full-cycle deepwater independent oil and gas exploration and production company focused along the Atlantic Margins. Our key assets include production offshore Ghana, Equatorial Guinea and the U.S. Gulf of Mexico, as well as a world-class gas development offshore Mauritania and Senegal. We also maintain a sustainable proven basin exploration program in Equatorial Guinea, Ghana and the U.S. Gulf of Mexico. Kosmos is listed on the New York Stock Exchange and London Stock Exchange and is traded under the ticker symbol KOS. As an ethical and transparent company, Kosmos is committed to doing things the right way. The Company’s Business Principles articulate our commitment to transparency, ethics, human rights, safety and the environment. Read more about this commitment in the Kosmos Sustainability Report. For additional information, visit www.kosmosenergy.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Kosmos expects, believes or anticipates will or may occur in the future are forward-looking statements. Kosmos’ estimates and forward-looking statements are mainly based on its current expectations and estimates of future events and trends, which affect or may affect its businesses and operations. Although Kosmos believes that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made in light of information currently available to Kosmos. When used in this press release, the words “anticipate,” “believe,” “intend,” “expect,” “plan,” “will” or other similar words are intended to identify forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Kosmos (including, but not limited to, the impact of the COVID-19 pandemic), which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Further information on such assumptions, risks and uncertainties is available in Kosmos’ Securities and Exchange Commission (“SEC”) filings. Kosmos undertakes no obligation and does not intend to update or correct these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by applicable law. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.


Contacts

Investor Relations
Jamie Buckland
+44 (0) 203 954 2831
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Media Relations
Thomas Golembeski
+1-214-445-9674
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ANNAPOLIS, Md.--(BUSINESS WIRE)--$HASI #earnings--Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," or the "Company") (NYSE: HASI), a leading investor in climate solutions, today announced that the Company will release its third quarter 2021 results after market close on Thursday, November 4, 2021, to be followed by a conference call at 5:00 p.m. (Eastern Time).


The conference call can be accessed live over the phone by dialing 1-844-200-6205 or for international callers, +1-929-526-1599. The participant access code is 653037. A replay will be available two hours after the call and can be accessed by dialing 1-866-813-9403 or for international callers, +44 204-525-0658. The access code for the replay is 112851. The replay will be available until November 11, 2021.

Interested investors and other parties may also listen to a simultaneous webcast of the conference call by logging onto the Investors section of the Company's website at www.hannonarmstrong.com. The online replay will be available for a limited time beginning immediately following the call.

To learn more about Hannon Armstrong, please visit the Company's website at www.hannonarmstrong.com. In addition to filing or furnishing required information to the U.S. Securities and Exchange Commission, Hannon Armstrong uses its website as a channel of distribution of material Company information. Financial and other material information regarding Hannon Armstrong is routinely posted on the Company's website and is readily accessible.

ABOUT HANNON ARMSTRONG

Hannon Armstrong (NYSE: HASI) is the first U.S. public company solely dedicated to investments in climate solutions, providing capital to leading companies in energy efficiency, renewable energy, and other sustainable infrastructure markets. With more than $8 billion in managed assets, Hannon Armstrong’s core purpose is to make climate-positive investments with superior risk-adjusted returns. For more information, please visit www.hannonarmstrong.com. Follow Hannon Armstrong on LinkedIn and Twitter @HannonArmstrong.


Contacts

INVESTOR INQUIRIES
Chad Reed
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410-571-6189

Provides opportunities for jobseekers to network and explore jobs with ComEd and partners

CHICAGO--(BUSINESS WIRE)--ComEd will host a virtual event featuring a job fair and networking opportunities for the Bronzeville community on Chicago’s South Side as part of the Community of the Future program, which creates partnerships that tap into community strengths to enhance sustainability, resiliency and connectedness. ComEd encourages Bronzeville residents and others interested in new energy technologies to register for the event at www.techandenergyexpo.vfairs.com.


ComEd’s Community of the Future: Bronzeville Technology and Energy Expo will be held online on Thursday, Oct. 21, 2021, from 10 a.m. - 2 p.m. The event will provide a virtual platform for networking opportunities and a job fair with representatives from ComEd and their partners in the energy and sustainability industries. Attendees will also learn from executives, industry leaders and visionaries about new energy technologies, innovative energy programs and how they can participate in the advanced energy economy.

“The Bronzeville Community of the Future features a variety of advanced technologies that improve the quality of life of the community and its residents, but we’re equally committed to investing in partnerships that create opportunities and lift communities,” said Michelle Blaise, ComEd Senior Vice President of Technical Services. “The Technology and Energy Expo creates a unique opportunity for Bronzeville residents to meet prospective employers, network with industry experts and learn more about how they can be a part of our clean energy future.”

The event will feature panel discussions with topics such as:

  • Breakthrough Energy Technologies
  • The Landscape of Energy Start-ups
  • What is the state of the Bronzeville Community of the Future?

For more information or to register, please visit www.techandenergyexpo.vfairs.com. For questions, please email This email address is being protected from spambots. You need JavaScript enabled to view it..

ComEd’s Community of the Future: Bronzeville Technology and Energy Expo Details

  • Virtual Event: Thursday, Oct. 21, 2021
  • Time: 10 a.m. - 2 p.m.

ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: 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


Contacts

ComEd Media Relations
312-394-3500

Commercial Sales Executive with Extensive Battery Expertise to Lead Commercial Battery Supply Initiatives in the EMEA (Europe, the Middle East, and Africa) Markets

TORONTO--(BUSINESS WIRE)--Li-Cycle Holdings Corp. (NYSE: LICY) (“Li-Cycle” or “the Company”), an industry leader in lithium-ion battery resource recovery and the leading lithium-ion battery recycler in North America, today announced the appointment of Manfred Schmidt as Commercial VP, Battery Supply for Europe, the Middle East and Asia (“EMEA”), effective immediately. Focused on the EMEA markets, Mr. Schmidt will oversee Li-Cycle’s battery supply customer team, existing and new battery supply customer relationships, and execution of its business development strategy in those regions.



Mr. Schmidt brings more than 20 years of experience with commercial business development and customer relations to his new role with Li-Cycle, having spent 14 years in the battery industry. He will support the Company’s execution of its global expansion plans as it brings its commercial lithium-ion recycling technologies to the EMEA markets. Mr. Schmidt will report to Li-Cycle’s Chief Commercial Officer (CCO), Kunal Phalpher.

"We believe the EMEA regions present a substantial opportunity for Li-Cycle due to the amount of lithium-ion battery production scrap available for recycling today, and the expected influx of end-of-life batteries in the years to come, driven by Europe’s early adoption of electric vehicles,” said Mr. Phalpher. “Manfred has extensive knowledge of the EMEA battery markets and will play an important role in supporting our efforts to bring North America’s leading advanced recycling technologies to the EMEA regions.”

“Li-Cycle continues to prove its success, both in the capability of its breakthrough lithium-ion battery recycling technologies and in its ability to execute,” said Mr. Schmidt. “I am excited to play an important part in Li-Cycle’s global rollout strategy, facilitating its ability to achieve its goal of becoming the world’s leading lithium-ion battery recycling solution while contributing to a circular economy.”

Prior to joining Li-Cycle, Mr. Schmidt served as Vice President of Sales at Voltabox AG in Germany, a system provider for electromobility in industrial applications with lithium-ion battery solutions. Previously, he was the Head of Key Account Management for Hoppecke Batterien GmbH (“Hoppecke”) in Germany, a leader in industrial batteries and energy storage solutions.

Mr. Schmidt holds his degree in Industrial Engineering from the Technical University of Darmstadt, Germany.

About Li-Cycle Holdings Corp.

Li-Cycle (NYSE: LICY) is on a mission to leverage its innovative Spoke & Hub Technologies™ to provide a customer-centric, end-of-life solution for lithium-ion batteries, while creating a secondary supply of critical battery materials. Lithium-ion rechargeable batteries are increasingly powering our world in automotive, energy storage, consumer electronics, and other industrial and household applications. The world needs improved technology and supply chain innovations to better manage battery manufacturing waste and end-of-life batteries and to meet the rapidly growing demand for critical and scarce battery-grade raw materials through a closed-loop solution. For more information, visit https://li-cycle.com/.

Forward-Looking Statements

Certain statements contained in this communication may be considered “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the U.S. Securities Act of 1993, as amended, Section 21 of the U.S. Securities Exchange Act of 1934, as amended, and applicable Canadian securities laws. Forward-looking statements may generally be identified by the use of words such as “will”, “expect”, “plan”, “potential”, “future”, “continuing” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements contain such identifying words. Forward-looking statements may include, for example, statements about Li-Cycle’s planned expansion into the EMEA regions and the anticipated benefits thereof; the future financial performance of Li-Cycle; and the fulfillment of Li-Cycle’s obligations in relation to actual or proposed contractual negotiations with third parties in the EMEA regions. These statements are based on various assumptions, whether or not identified in this communication, which Li-Cycle believe are reasonable in the circumstances. There can be no assurance that such estimates or assumptions will prove to be correct and, as a result, actual results or events may differ materially from expectations expressed in or implied by the forward-looking statements.

Forward-looking statements involve inherent risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Li-Cycle, and are not guarantees of future performance. These and other risks and uncertainties related to Li-Cycle’s business are described in greater detail in the section entitled "Risk Factors" in its final prospectus dated August 10, 2021 filed with the Ontario Securities Commission in Canada, the Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”), and other filings made by Li-Cycle with securities regulatory authorities. Because of these risks, uncertainties and assumptions, readers should not place undue reliance on these forward-looking statements. Actual results could differ materially from those contained in any forward-looking statement.

In addition, forward-looking statements contained in this communication reflect Li-Cycle’s expectations, plans or forecasts of future events and views as of the date of this communication. Li-Cycle anticipates that subsequent events and developments could cause Li-Cycle’s assessments, expectations, plans and forecasts to change. While Li-Cycle may elect to update these forward-looking statements at some point in the future, Li-Cycle has no intention and undertakes no obligation to do so, except as required by applicable laws. These forward-looking statements should not be relied upon as representing Li-Cycle’s assessments as of any date subsequent to the date of this communication. Li-Cycle’s forward-looking statements are expressly qualified in their entirety by this cautionary statement.


Contacts

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Assets Acquired at Compelling Valuation With a Significant Enhancement to the Five-year Plan

DALLAS--(BUSINESS WIRE)--Kosmos Energy (NYSE/LSE: KOS) (“Kosmos” or the “Company”) announced today that it has acquired an additional 18.0% interest in the Jubilee field and an additional 11.0% interest in the TEN fields in Ghana from Occidental Petroleum (“OXY”) for a purchase price of $550 million with an effective date of April 1, 2021. Consideration due to OXY at completion was approximately $460 million after taking into account closing adjustments.


Key Highlights

  • Accelerates Kosmos’ strategic delivery
    • Delivers near-term cash generation from high-margin oil with the acquired assets expected to generate ~$1 billion of free cash flow by year-end 2026 at $65/barrel Brent
    • Underpins transition to balanced oil and gas portfolio
  • Acquiring assets at a compelling valuation
    • 2P reserves expected to deliver ~3x purchase price at $65/barrel Brent
    • Simplified partnership with the aligned objective to maximize the value of the assets
    • Limited integration risk or incremental G&A costs
  • Highly accretive across all key metrics
    • Attractive acquisition price drives significant net asset value accretion
    • Cash consideration equivalent to ~1.4x 2022E EBITDAX of the assets being acquired at $65/barrel Brent
    • Expected payback of less than 3 years at $65/barrel Brent
    • Resilient at lower oil prices with all key metrics accretive at $45/barrel Brent
  • Enhances free cash flow and accelerates de-leveraging
    • Significant free cash flow generation expected to accelerate de-leveraging (targeting less than 2.0x net debt/EBITDAX by year-end 2022 at $65/barrel Brent) and fund remaining Tortue capital expenditure to first gas
  • Supports Kosmos’ ESG agenda
    • Growing investment in Africa aligned with Kosmos’ objective to support the “Just Transition” and deliver tangible economic and social benefits in Ghana
    • Partnership working to drive down CO2 emissions and enabling development of gas resources to provide lower cost, lower carbon power

Andrew G. Inglis, Chairman and Chief Executive Officer of Kosmos said: “This is a compelling transaction for Kosmos that accelerates our strategic delivery and is expected to provide long-term sustainable cash flow from fields where we have a deep understanding of the value and future upside.

We expect the additional Ghana interests to generate around $1 billion of incremental free cash flow by the end of 2026 at $65 Brent with upside given current prices. We plan to use the additional cash flow from these assets to reduce absolute debt levels and fund our growth in LNG.

Financially, the transaction is highly accretive across all key metrics, including free cash flow, and accelerates our committed path to deleveraging the balance sheet. With significant net asset value accretion for the company, we believe that this transaction will deliver substantial returns to our shareholders.

The transaction creates a simplified and aligned partnership in both the Jubilee and TEN fields, with both Kosmos and GNPC increasing their ownership. The partnership is committed to investing in both fields to maximize the value of the assets and reduce the carbon intensity of operations for the benefit of all stakeholders.”

Interests acquired

Kosmos has acquired an additional 18.0% interest in the Jubilee field and an additional 11.0% interest in the TEN fields in Ghana. This transaction increases Kosmos’ interests in Jubilee to 42.1% and in TEN to 28.1%. The transaction is subject to a 30-day pre-emption period, which, if fully exercised, could reduce Kosmos’ ultimate interest in Jubilee by 3.8% to 38.3%, and in TEN by 8.3% to 19.8%. Prior to closing the transaction, OXY resolved certain historical tax claims related to the sold interests.

Using Kosmos’ year-end 2020 reserves report, prepared by independent reserve auditor Ryder Scott, estimated 2P reserves being acquired as part of today’s transaction were approximately 104 million barrels of oil equivalent at year-end 2020. The assets being acquired have a proved and probable (2P) post-tax NPV10 valuation of around $1.6 billion1. The acquired assets are currently producing approximately 17,000 barrels of oil per day net and are expected to generate approximately $325 million of EBITDAX in 2022 at $65 Brent.

Kosmos has worked closely with the operator and joint venture partners in 2021 to drive higher reliability and improve operational performance in Ghana. Significant progress has been made with new wells delivering higher production, high levels of FPSO uptime, near-record water injection and materially higher gas offtake.

Transaction Financing

The transaction has an effective date of April 1, 2021. The Government of Ghana has approved the transaction, which closed on October 13, 2021. To fund the transaction, Barclays and Standard Chartered Bank have provided Kosmos with a $400 million bridge loan, which the Company expects to refinance with the proceeds from a future senior notes offering. The remaining consideration was funded from available liquidity, which the Company expects to re-finance with the proceeds from the equity offering of approximately $100 million announced today.

The Company plans to provide updated full-year 2021 guidance alongside third quarter 2021 results to take account of this transaction and the impact of the recent hurricane-related downtime in the Gulf of Mexico. With Gulf of Mexico production now returned to pre-hurricane levels, we expect the impact of the unplanned downtime to be approximately 4,000 barrels of oil equivalent per day in the third quarter or 1,000 barrels of oil equivalent to the full year compared to our previous production forecasts for 2021.

Barclays is acting as financial adviser to Kosmos on the transaction with Slaughter and May serving as Kosmos’ legal counsel on the transaction.

Conference Call and Webcast Information

Kosmos will host a conference call and webcast to discuss today’s announcement on October 14, 2021 at 9:00 a.m. Central time (10:00 a.m. Eastern time). The live webcast of the event can be accessed on the Investors page of Kosmos’ website at http://investors.kosmosenergy.com/investor-events. The dial-in telephone number for the call is +1-877-407-0784. Callers in the United Kingdom should call 0 800 756 3429. Callers outside the United States should dial +1-201-689-8560. A slide presentation to accompany the webcast will be available on the company website shortly.

About Kosmos Energy

Kosmos is a full-cycle deepwater independent oil and gas exploration and production company focused along the Atlantic Margins. Our key assets include production offshore Ghana, Equatorial Guinea and U.S. Gulf of Mexico, as well as a world-class gas development offshore Mauritania and Senegal. Kosmos is listed on the New York Stock Exchange and London Stock Exchange and is traded under the ticker symbol KOS. As an ethical and transparent company, Kosmos is committed to doing things the right way. The Company’s Business Principles articulate our commitment to transparency, ethics, human rights, safety and the environment. Read more about this commitment in our Corporate Responsibility Report. For additional information, visit www.kosmosenergy.com.

Non-GAAP Financial Measures

EBITDAX, free cash flow and net debt are supplemental non-GAAP financial measures used by management and external users of the Company's consolidated financial statements, such as industry analysts, investors, lenders and rating agencies. The Company defines EBITDAX as Net income (loss) plus (i) exploration expense, (ii) depletion, depreciation and amortization expense, (iii) equity based compensation expense, (iv) unrealized (gain) loss on commodity derivatives (realized losses are deducted and realized gains are added back), (v) (gain) loss on sale of oil and gas properties, (vi) interest (income) expense, (vii) income taxes, (viii) loss on extinguishment of debt, (ix) doubtful accounts expense and (x) similar other material items which management believes affect the comparability of operating results. The Company defines free cash flow as net cash provided by operating activities less oil and gas assets, Other property, and certain other items that may affect the comparability of results. The Company defines net debt as the sum of notes outstanding issued at par and borrowings on the RBL Facility, Corporate revolver, and GoM Term Loan less cash and cash equivalents and restricted cash.

We believe that EBITDAX, free cash flow, Net debt and other similar measures are useful to investors because they are frequently used by securities analysts, investors and other interested parties in the evaluation of companies in the oil and gas sector and will provide investors with a useful tool for assessing the comparability between periods, among securities analysts, as well as company by company. EBITDAX, free cash flow, and net debt as presented by us may not be comparable to similarly titled measures of other companies.

This release also contains certain forward looking non GAAP financial measures, including free cash flow. Due to the forward looking nature of the aforementioned non GAAP financial measures, management cannot reliably or reasonably predict certain of the necessary components of the most directly comparable forward looking GAAP measures, such as future impairments and future changes in working capital. Accordingly, we are unable to present a quantitative reconciliation of such forward looking non GAAP financial measures to their most directly comparable forward looking GAAP financial measures. Amounts excluded from these non GAAP measures in future periods could be significant.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Kosmos expects, believes or anticipates will or may occur in the future are forward-looking statements. Kosmos’ estimates and forward-looking statements are mainly based on its current expectations and estimates of future events and trends, which affect or may affect its businesses and operations. Although Kosmos believes that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made in light of information currently available to Kosmos. When used in this press release, the words “anticipate,” “believe,” “intend,” “expect,” “plan,” “will” or other similar words are intended to identify forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Kosmos, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Further information on such assumptions, risks and uncertainties is available in Kosmos’ Securities and Exchange Commission (“SEC”) filings. Kosmos undertakes no obligation and does not intend to update or correct these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by applicable law. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.

Management does not provide a reconciliation for forward looking non GAAP financial measures where it is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the occurrence and the financial impact of various items that have not yet occurred, are out of our control or cannot be reasonably predicted. For the same reasons, management is unable to address the probable significance of the unavailable information. Forward looking non GAAP financial measures provided without the most directly comparable GAAP financial measures may vary materially from the corresponding GAAP financial measures.

1 Based on independent reserves auditor at YE20 post tax. Brent Oil price deck: $65.00 flat


Contacts

Investor Relations
Jamie Buckland
+44 (0) 203 954 2831
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Media Relations
Thomas Golembeski
+1-214-445-9674
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BUFFALO, N.Y.--(BUSINESS WIRE)--$ROCK #ROCK--Gibraltar Industries, Inc. (Nasdaq: ROCK), a leading manufacturer and provider of products and services for the renewable energy, residential, agtech and infrastructure markets, announced today that it expects to release its third quarter 2021 financial results at approximately 7:30 a.m. ET on Wednesday, October 27, 2021. It also expects to discuss the results on a conference call that will be webcast live that same day starting at 9:00 a.m. ET. Hosting the call will be Chief Executive Officer William Bosway and Chief Financial Officer Timothy Murphy.


Those who wish to listen to the conference call should visit the Investors section of the Company’s website at www.gibraltar1.com. The call also may be accessed by dialing (877) 407-3088 or (201) 389-0927. For interested individuals unable to join the live conference call, a webcast replay will be available on the Company’s website for one year.

About Gibraltar

Gibraltar Industries is a leading manufacturer and provider of products and services for the renewable energy, residential, agtech and infrastructure markets. With a three-pillar strategy focused on business systems, portfolio management, and organization and talent development, Gibraltar’s mission is to create compounding and sustainable value with strong leadership positions in higher growth, profitable end markets. Gibraltar serves customers primarily throughout North America. Comprehensive information about Gibraltar can be found on its website at www.gibraltar1.com.


Contacts

Timothy Murphy
Chief Financial Officer
(716) 826-6500 ext. 3277
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LHA Investor Relations
Carolyn Capaccio/Jody Burfening
(212) 838-3777
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MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto is progressing an innovative new technology to deliver low-carbon steel, using sustainable biomass in place of coking coal in the steelmaking process, in a potentially cost-effective option to cut industry carbon emissions.


Over the past decade, Rio Tinto has developed a laboratory-proven process that combines the use of raw, sustainable biomass with microwave technology to convert iron ore to metallic iron during the steelmaking process. The patent-pending process, one of a number of avenues the company is pursuing to try to lower emissions in the steel value chain, is now being further tested in a small-scale pilot plant.

If this and larger-scale tests are successful, there is the potential over time for this technology to be scaled commercially to process Rio Tinto’s iron ore fines.

Rio Tinto Iron Ore Chief Executive Simon Trott said, “We are encouraged by early testing results of this new process, which could provide a cost-efficient way to produce low-carbon steel from our Pilbara iron ore.

“More than 70 per cent of Rio Tinto’s Scope 3 emissions are generated as customers process our iron ore into steel, which is critical for urbanisation and infrastructure development as the world’s economies decarbonise. So, while it’s still early days and there is a lot more research and other work to do, we are keen to explore further development of this technology.”

Rio Tinto’s process uses plant matter known as lignocellulosic biomass, instead of coal, primarily as a chemical reductant. The biomass is blended with iron ore and heated by a combination of gas released by the biomass and high efficiency microwaves that can be powered by renewable energy.

Rio Tinto researchers are working with the multi-disciplinary team in the University of Nottingham’s Microwave Process Engineering Group to further develop the process.

The University’s Head of Department, Chemical and Environmental Engineering, Professor Chris Dodds, said, “It is really exciting to have the opportunity to be part of a great team working on a technology that, if developed to commercial scale, has the potential to have a global impact through decarbonising key parts of the steel production process.”

The use of raw biomass in Rio Tinto’s process could also avoid the inefficiencies and associated costs of other biomass-based technologies that first convert the biomass into charcoal or biogas.

Lignocellulosic biomass includes agriculture by-products (i.e. wheat straw, corn stover, barley straw, sugar cane bagasse) and purpose-grown crops, which would be sustainable sources for the process.

Importantly, the process cannot use foods such as sugar or corn, and Rio Tinto would not use biomass sources that support logging of old-growth forests.

Simon Trott said, “We know there are complex issues related to biomass sourcing and use and there is a lot more work to do for this to be a genuinely sustainable solution for steelmaking. We will continue working with others to understand more about these concerns and the availability of sustainable biomass.”

If developed further, the technology would be accompanied by a robust and independently accredited certification process for sustainable sources of biomass.


Contacts

Please direct all enquiries to This email address is being protected from spambots. You need JavaScript enabled to view it.

Media Relations, UK
Illtud Harri
M +44 7920 503 600

David Outhwaite
M +44 7787 597 493

Media Relations, Americas
Matthew Klar
T +1 514 608 4429

Media Relations, Australia
Jonathan Rose
M +61 447 028 913

Matt Chambers
M +61 433 525 739

Jesse Riseborough
M +61 436 653 412

Investor Relations, UK
Menno Sanderse
M: +44 7825 195 178

David Ovington
M +44 7920 010 978

Clare Peever
M +44 7788 967 877

Investor Relations, Australia
Natalie Worley
M +61 409 210 462

Amar Jambaa
M +61 472 865 948

Rio Tinto plc
6 St James’s Square
London SW1Y 4AD
United Kingdom

T +44 20 7781 2000
Registered in England
No. 719885

Rio Tinto Limited
Level 7, 360 Collins Street
Melbourne 3000
Australia

T +61 3 9283 3333
Registered in Australia
ABN 96 004 458 404

riotinto.com

Category: General

Ben Hernandez, CEO, Among 100 Most Intriguing Entrepreneurs at 2021 Builders + Innovators Summit


SKOKIE, Ill.--(BUSINESS WIRE)--#GSInnovators--Goldman Sachs (NYSE:GS) is recognizing NuMat Technologies CEO, Ben Hernandez, as one of the 100 Most Intriguing Entrepreneurs of 2021 at its Builders + Innovators Summit in Healdsburg, California.

Selected as one of 100 entrepreneurs from multiple industries to be honored at the two-day event, Ben Hernandez is the Co-Founder and CEO of NuMat Technologies, a chemistry design company that enables its partners in the electronics, life-science, and industrial sectors to achieve sustainability and innovation objectives, one molecule at a time. A pioneer in the field of programmable chemistries, NuMat designs materials to capture targeted molecules in industrial products and processes where purity matters most. From reducing greenhouse gas emissions in the chemicals value-chain, to purifying electronic materials used in semiconductor manufacturing, NuMat is solving critical industrial challenges at the smallest possible level.

“I’m honored to receive this award on behalf of the incredibly talented NuMat team. True innovation is hard and we’re grateful to Goldman Sachs for recognizing NuMat’s leadership in applying programmable chemistries to solve the problems that matter. We’re excited to continue executing on our vision of using chemistry to deliver transformational solutions that address generational challenges.”

“Innovation doesn’t happen just anywhere; it thrives where there’s a wide range of thoughts and perspectives,” said David M. Solomon, Chairman & CEO of Goldman Sachs. “One of our great strengths is our ability to bring together people from different walks of life and to spark conversations today that will lead to breakthroughs tomorrow. The leaders we’ve chosen to highlight at our Builders + Innovators Summit are truly remarkable, and we are pleased to recognize Ben Hernandez as one of this year’s most intriguing entrepreneurs.”

In addition to honoring 100 entrepreneurs, the summit consists of general sessions and clinics led by seasoned entrepreneurs, academics and business leaders as well as resident scholars.

About NuMat Technologies

Innovating at the intersection of computationally-guided discovery, molecular design and precision engineering, NuMat Technologies builds products that deliver solutions for the electronics, life-science, and industrials sectors. NuMat is a pioneer in programing materials to direct molecular interactions across wide-ranging industrial products and processes. NuMat provides a total solutions platform for product commercialization, integrating chemistry design with application development and manufacturing expertise for our customer and partners. Visit us at www.numat-tech.com


Contacts

Jill Johnson
847.929.4186
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WUXI, JIANGSU, China & SAN JOSE, Calif.--(BUSINESS WIRE)--#DSF--Chinese vehicle equipment manufacturer E-Quality Tec, Inc. and American propulsion efficiency software company Tula Technology, Inc. have signed a strategic agreement to collaborate initially on three main objectives:



  • Rapidly deploy fully integrated technology, enabling medium and heavy-duty diesel vehicle manufacturers in China to aggressively target simultaneous reductions in both CO2 and NOX for CN Stage VI, China’s emission standard for heavy-duty vehicles
  • Embed Tula’s diesel Dynamic Skip Fire® (DSF) controls software and diagnostics within E-Quality’s production series EQ16 controller
  • Provide customers with a new emissions reduction technology option that also will improve the competitive positions of both companies in the Chinese diesel vehicle market

“E-Quality and Tula are focused on the goals of 2030 CO2 peak emissions and 2060 CO2 neutral emissions for China vehicles,” said Tom Li, CEO of E-Quality. “Our relationship is based on resource sharing and a win-win proposition to maximize the technical advantages of both our companies. After considerable due diligence, we determined that Tula's technology delivers the superior benefits in fuel savings and emissions reductions necessary to comply with CN VI as well as future, more stringent standards. We believe cooperation between E-Quality and Tula will have the effect of ‘1 + 1 > 2’ while allowing us to provide better options and service to our customers as China's transportation industry continues to transform.”

“We are very pleased to be partnering with E-Quality and believe our two technologies together will enable a meaningful reduction in NOX and CO2 emissions while improving fuel efficiency in commercial vehicles,” said R. Scott Bailey, President and CEO of Tula. “This cooperation agreement creates a path forward for all companies in China’s diesel vehicle market to meet increasingly stringent emissions standards. Tula is proud to play a role in such an important endeavor for China’s future and for our planet’s future.”

About E-Quality Tec, Inc.

E-Quality is a leading domestic commercial vehicle powertrain electronic controllers and solutions provider. Founded in August 2017 by Tom Li, an innovative entrepreneur from Jiangsu Province, E-Quality has a core competitive advantage owing to deep experience in production, short development cycles, fast response times, and comprehensive maintenance services. E-Quality has been keeping a stable cooperation with well-known domestic commercial vehicle and parts manufacturers such as Yuchai Machinery Group, Yunnei Group, Dongfeng Trucks, SANY, QuanChai Group, Caterpillar, BorgWarner, etc.

E-Quality has a strong foothold in the diesel engine ECU market and is actively expanding to a full range of powertrain products. E-Quality is committed to providing commercial vehicle electronic controllers, including drive-by-wire autonomous driving solutions and outsourcing services. The mission of the company is to create value for the clients with an outstanding engineering team.

About Tula Technology, Inc.

Silicon Valley-based Tula Technology provides innovative award-winning software controls to optimize propulsion efficiency and emissions across the mobility spectrum, including gasoline-powered, diesel, alternative fuel, hybrid, and electric vehicles. Tula’s culture of innovation has resulted in breakthrough technology and a robust global patent portfolio of more than 378 patents issued and pending. Tula Technology is a privately held company backed by Sequoia Capital, Sigma Partners, Khosla Ventures, GM Ventures, BorgWarner and Franklin Templeton. More information is available at www.tulatech.com.


Contacts

E-Quality Tec, Inc.
Ella Yu
Sales & Marketing Director
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Tula Technology, Inc.
Ram Subramanian
Principal Marketing Strategist
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Media: Financial Profiles
Debbie Douglas, SVP
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949-375-3436

Collaboration to scale green hydrogen throughout industrial and mobility sectors, while advancing development of key hydrogen infrastructure and fueling capabilities

HOUSTON & LATHAM, N.Y.--(BUSINESS WIRE)--Phillips 66 (NYSE: PSX) and Plug Power Inc. (NASDAQ: PLUG), a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, today announced that the companies have signed a memorandum of understanding to collaborate on the development of low-carbon hydrogen business opportunities.


Phillips 66, which has 13 wholly owned and joint venture refineries in the U.S. and Europe, owns extensive hydrogen-related infrastructure and uses hydrogen in the manufacturing of transportation fuels. With over 20 years of history, and customers like Amazon, Walmart and Home Depot, Plug Power is a leader in hydrogen fuel cells and electrolyzers. The company has begun construction on state-of-the-art green hydrogen production facilities in California, New York, Tennessee and Georgia that will ultimately supply 500 tons per day of liquid green hydrogen by 2025.

As part of this agreement, the companies will explore ways to deploy Plug Power’s technology within Phillips 66’s operations, leveraging Plug Power’s experience as a full value chain provider within the hydrogen economy. Plug Power will benefit from Phillips 66’s capabilities as a developer of large-scale energy infrastructure, operator of industrial-scale hydrogen production facilities, and presence in the fuels marketing segment in the U.S. and Europe.

We are excited to team up with Phillips 66 to take advantage of its rich history in the energy industry and forward momentum in the energy transition,” said David Bow, Executive Vice President of Electrolyzers Solutions at Plug Power. “Phillips 66 stands to help us meet our goal of producing 1,000 tons per day of green hydrogen while deploying cost-efficient solutions within the renewable fuels sector.”

The companies’ memorandum of understanding provides a framework for working together on three key objectives:

  • integrating and scaling low-carbon hydrogen in the industrial sector;
  • advancing hydrogen fueling opportunities for the mobility sector; and
  • developing hydrogen-related infrastructure to support the build-out of the hydrogen value chain.

We believe hydrogen is an important pathway for hard-to-electrify industries in a lower-carbon energy landscape,“ said Heath DePriest, Vice President of Phillips 66’s Emerging Energy group, which is focused on building lower-carbon business platforms. “Hydrogen is a key component of our diversified Emerging Energy portfolio strategy.”

About Phillips 66

Phillips 66 is a diversified energy manufacturing and logistics company. With a portfolio of Midstream, Chemicals, Refining, and Marketing and Specialties businesses, the company processes, transports, stores and markets fuels and products globally. Phillips 66 Partners, the company’s master limited partnership, is integral to the portfolio. Headquartered in Houston, the company has 14,000 employees committed to safety and operating excellence. Phillips 66 had $57 billion of assets as of June 30, 2021. For more information, visit www.phillips66.com or follow us on Twitter @Phillips66Co.

About Plug Power

Plug Power is building the hydrogen economy as the leading provider of comprehensive hydrogen fuel cell turnkey solutions. The Company’s innovative technology powers electric motors with hydrogen fuel cells amid an ongoing paradigm shift in the power, energy, and transportation industries to address climate change and energy security, while meeting sustainability goals. Plug Power created the first commercially viable market for hydrogen fuel cell technology. As a result, the Company has deployed over 40,000 fuel cell systems for e-mobility, more than anyone else in the world, and has become the largest buyer of liquid hydrogen, having built and operated a hydrogen highway across North America. Plug Power delivers a significant value proposition to end-customers, including meaningful environmental benefits, efficiency gains, fast fueling, and lower operational costs. Plug Power’s vertically-integrated GenKey solution ties together all critical elements to power, fuel, and provide service to customers such as Amazon, BMW, The Southern Company, Carrefour, and Walmart. The Company is now leveraging its know-how, modular product architecture and foundational customers to rapidly expand into other key markets including zero-emission on-road vehicles, robotics, and data centers. Learn more at www.plugpower.com.

PLUG POWER SAFE HARBOR STATEMENT

This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve significant risks and uncertainties about Plug Power Inc.(“PLUG”), including but not limited to statements about PLUG’s expectations regarding its multi-year investment and growth, PLUG’s clean hydrogen technology and fuel cell solutions playing a critical role in achieving climate and decarbonization goals, deepening of relationships with key stakeholders, and acceleration of demand and adoption of hydrogen technology. You are cautioned that such statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times that, or by which, such performance or results will have been achieved. Such statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in these statements. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of PLUG in general, see PLUG’s public filings with the Securities and Exchange Commission, including the “Risk Factors” section of PLUG’s Annual Report on Form 10-K for the year ended December 31, 2020 and Quarterly Reports on Form 10-Q for the quarters ended March 31, 2021 and June 30, 2021. Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements are made as of the date hereof, and PLUG undertakes no obligation to update such statements as a result of new information.

PHILLIPS 66 CAUTIONARY STATEMENT FOR THE PURPOSES OF THE “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Forward-looking statements may be identified by the use of words like “plans,” “expects,” “will,” “anticipates,” “believes,” “intends,” “projects,” “targets,” “estimates” or other words of similar meaning. Forward-looking statements are based on certain assumptions and expectations of future events which may not be accurate or realized, and involve risks and uncertainties, many of which are beyond Phillips 66’s control, including but not limited to regulatory approvals and market conditions. A discussion of factors that may affect future results is included in Phillips 66’s filings with the Securities and Exchange Commission. Phillips 66 disclaims and does not undertake any obligation to update or revise any forward-looking statement, except as required by applicable law.


Contacts

Phillips 66

Jeff Dietert, 832-765-2297 (investors)
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Shannon Holy, 832-765-2297 (investors)
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Bernardo Fallas, 855-841-2368 (media)
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Plug Power:

Caitlin Coffee (media)
Allison + Partners
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