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Ameresco continues research on advanced energy storage systems in partnership with the Environmental Security Technology Certification Program

FRAMINGHAM, Mass.--(BUSINESS WIRE)--#batteryenergystorage--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced that it has begun phase-two of a multi-stage investigation into how flow battery technology could support microgrids with the Department of Defense (DoD). Phase-one of the investigation was completed in April 2020 and primarily focused on evaluating the technical and economic feasibility of flow battery energy storage. Phase-two of the investigation shifts attention to physical validation and evaluation of flow batteries at the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) in Golden, CO.


Phase-one of the research won a 2020 Project of the Year award from the Strategic Environmental Research and Development Program (SERDP) and Environmental Security Technology Certification Program (ESTCP). This success paved the way for Ameresco to advance to the second phase of the multi-stage research program, which is being conducted in partnership with NREL, and supported by Invinity Energy Systems (LSE:IES) and S&C Electric Company. Funding for the investigation comes from ESTCP, whose goal is to identify and demonstrate the most promising innovative and cost-effective technologies and methods that address DoD’s high-priority environmental requirements.

Research collected from the project’s first phase demonstrated that there is an opportunity for Vanadium Flow Battery (VFB) storage technology to decrease diesel generation reliance and lower the cost of critical load support within a military microgrid. Given these results, the objective of phase-two is to validate the reliability and operational performance of VFB battery equipment through Hardware in the Loop (HIL) testing.

“Microgrids offer enormous opportunity to provide resilient power—from military installations, to campuses to communities,” said Dr. Martha Symko-Davies, Laboratory Program Manager for NREL’s Energy Systems Integration Facility. “Flexible energy storage is a key component to incorporating more variable renewable energy into microgrid systems. We are extremely pleased to bring our advanced laboratory capabilities and expert researchers to this ESTCP project to further advance the state of the art of the technology. We look forward to sharing results from this effort, which can inform a wide range of military and nonmilitary applications.”

If the results of this work justify further investigation of flow battery technology, Ameresco hopes to continue this research with a future field deployment of a flow battery system at a DoD site. This third phase of work would significantly contribute to strengthening the depth of knowledge available on advanced energy technologies such as flow batteries.

Additionally, Ameresco was recently selected for another ESTCP project which is expected to begin in 2022. The focus of this project is to demonstrate building level energy storage, with a zinc bromide flow battery that can be sited indoors.

“We are very pleased to be continuing our ESTCP funded research to advance the field of study around such important energy storage technologies,” said Nicole Bulgarino, executive vice president of Federal Solutions at Ameresco. “Research like this is crucial to characterizing the performance of novel energy storage technologies like flow batteries, and to identifying under what circumstances they can support microgrid projects with our Federal customers. We’re thrilled to be at the forefront of developing energy storage technologies that not only benefit the industry but the world at-large.”

To learn more about Ameresco’s research or download a copy of the phase-one report, visit the ESTCP website.

About Ameresco, Inc.

Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and the United Kingdom. Ameresco’s sustainability services in support of clients’ pursuit of Net Zero include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.

About the Environmental Security Technology Certification Program

Environmental Security Technology Certification Program (ESTCP) is the DoD’s environmental technology demonstration and validation program. The Program was established in 1995 to promote the transfer of innovative technologies that have successfully established proof of concept to field or production use. ESTCP demonstrations collect cost and performance data to overcome the barriers to employ an innovative technology because of concerns regarding technical or programmatic risk, the so-called “Valley of Death.” The Program’s goal is to identify and demonstrate the most promising innovative and cost-effective technologies and methods that address DoD’s high-priority environmental requirements. Projects conduct formal demonstrations at DoD facilities and sites in operational settings to document and validate improved performance and cost savings. To ensure the demonstrated technologies have a real impact, ESTCP collaborates with end-users and regulators throughout the development and execution of each demonstration. Transition challenges are overcome with rigorous and well-documented demonstrations that provide the information needed by all stakeholders for acceptance of the technology.

The announcement of a customer’s entry into a project study contract is not necessarily indicative of the timing or amount of revenue from such contract, of the company’s overall revenue for any particular period or of trends in the company’s overall total project backlog. This project was included in our previously reported contracted backlog as of December 31, 2020.


Contacts

Media:
Ameresco: Leila Dillon, 508-661-2264, This email address is being protected from spambots. You need JavaScript enabled to view it.

DUBLIN--(BUSINESS WIRE)--The "Oil and Gas CAPEX Outlook - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.


The oil and gas CAPEX is expected to grow at a CAGR of more than 8.4% during the forecast period.

Factors such as strong profitability following a trend to reduce project costs and optimise portfolios, which has led to divestment of low-margin fields and increased focus on investment in higher-margin growth opportunities, are expected to increase the CAPEX during the forecast period.

Moreover, LNG-oriented gas projects are witnessing increased investment, as it is less carbon-intensive fuel and helps in transition to lower carbon economy. However, volatile crude oil and natural gas prices, coupled with slow economic growth at a global level are expected to restrain the oil and gas CAPEX during the forecast period.

Upstream sector is expected to be the largest segment which would have the highest CAPEX, as several region's state-owned firms are prioritising domestic oil and gas projects to improve energy security and reduce their dependence on imports.

Several greenfield projects, along with deepwater and ultra-deepwater exploration in African countries such as Senegal and Mauritania, possess ample opportunity for increased capital expenditure.

Asia-Pacific has recorded the highest gains in CAPEX and is likely to be the fastest growing region, owing to operations of global integrated majors along with national oil company's and new investments during the forecast period.

Key Market Trends

Upstream Sector to Dominate the Market

  • After the downturn in the oil and gas industry, as crude oil prices increased, upstream sector gained momentum and capex represented a gain of 5.5% y-o-y in 2019 and 7.2% in 2018. As number of oil and gas projects continue to increase, the upstream capex is also expected to increase during the forecast period.
  • The upstream sector has almost 70% of the total capex allocated to the oil and gas sector and is expected to attract greater spending to fulfil the oil demand ensuring energy security. In 2019, IEA reported a CAPEX of USD 497 billion for upstream operations, with North America having the highest share.
  • The number of Final Investment Decision (FID) for upstream sector was more than 60, which was greater than midstream and downstream sector combined. Several upstream projects such as Agogo Oil Discovery and Glaucus Gas Discovery in Middle-East and Africa region have attracted major players and is expected to increase in CAPEX during the forecast period.
  • The United States is expected to lead oil-supply in the next six years, supported by shale industry which has led to transformation of the oil and gas industry, from nothing in 2010 to 7 mb/day in 2019. The exploration and production activities in the United States has led to the country exporting more oil than Russia and overtaking Saudi Arabia in coming years. So, increased investment in shale industry is expected to drive the capex in the upstream sector.
  • Hence, to meet the strong global demand for crude oil and natural gas, more investment is required for the exploration and production activities, which in turn is promulgating the CAPEX in the oil and gas industry.

Competitive Landscape

The global oil and gas CAPEX market is moderately fragmented. Some of the key players are BP PLC, Exxon Mobil Corporation, Total SA, Chevron Corporation, and Royal Dutch Shell PLC.

Key Topics Covered:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

4.1 Introduction

4.2 Global Oil and Gas Industry CAPEX in USD billion, till 2026

4.3 Global Crude Oil Production and Consumption Forecast, till 2026

4.4 Global Natural Gas Production and Consumption Forecast, till 2026

4.5 Global Installed Pipeline Capacity and Forecast in Kilometers, till 2026

4.6 Historical and Production Forecast of Tight Oil, Oil Sands, and Crude from Deepwater in mb/d, Until 2026

4.7 Recent Trends and Developments

4.8 Government Policies and Regulations

4.9 Market Dynamics

4.9.1 Drivers

4.9.2 Restraints

4.10 Supply Chain Analysis

4.11 Industry Attractiveness - Porter's Five Forces Analysis

4.12 Analysis of the Impact of COVID-19 on the Market

5. MARKET SEGMENTATION

5.1 By Sector

5.1.1 Upstream

5.1.2 Midstream

5.1.3 Downstream

5.2 By Location

5.2.1 Onshore

5.2.2 Offshore

5.3 By Geography

6. COMPETITIVE LANDSCAPE

6.1 Mergers, Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Strategies Adopted by Leading Players

6.3 Key Company Profiles (Overview, Key Projects/Products and Services, Financials*, and Recent Developments)

6.3.1 BP PLC

6.3.2 Royal Dutch Shell PLC

6.3.3 Eni SpA

6.3.4 Chevron Corporation

6.3.5 Total SA

6.3.6 Exxon Mobil Corporation

6.3.7 Equinor ASA

6.3.8 Marathon Petroleum Corp.

6.3.9 Phillips 66

6.3.10 National Petroleum Company (ENAP)

6.3.11 Petroleo Brasileiro SA (Petrobras)

6.3.12 Enbridge Inc.

6.3.13 Oil and Natural Gas Corporation (ONGC)

6.3.14 China National Petroleum Corporation (CNPC)

6.3.15 Saudi Aramco

6.3.16 Abu Dhabi National Oil Company

6.3.17 NK Lukoil PAO

6.3.18 China Petroleum & Chemical Corporation (Sinopec)

6.3.19 Gazprom Neft PJSC

6.3.20 NK Rosneft' PAO

6.3.21 ENEOS Holdings Inc.

6.3.22 Petroleos Mexicanos (PEMEX)

6.3.23 Kuwait Petroleum Corporation

6.3.24 Petroliam Nasional Berhad (Petronas)

6.3.25 PT Pertamina

6.4 CAPEX Market Share Analysis of Oil and Gas Operators

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Shell Ventures, EDF, DSD join EIP’s collaborative European coalition to foster innovation towards a sustainable energy future

NEW YORK & LONDON--(BUSINESS WIRE)--Energy Impact Partners (EIP), the global investment platform leading the transition to a sustainable energy future, announced Shell Ventures, EDF, and DSD as the latest European leaders to join its coalition focused on the advancement of technologies accelerating global decarbonization. EIP’s coalition collaborates by sharing insights, investing in innovative and transformative businesses, and amplifying entrepreneurs' growth through dedicated partnerships.


Shell Ventures, EDF, and DSD represent a broad cross-section of the European energy industry. Their participation in EIP’s global coalition displays a commitment and shared mission to accelerate the pace of innovation and rapidly scale the adoption of critical climate solutions. They join a diverse group of industry leaders across the energy, mobility and sustainability industries including EWE, Fortum, Enterprise Holdings, AGL, Nysno, and Tronder Energie.

“We want to welcome Shell Ventures, EDF, and DSD as our newest partners to EIP’s European coalition,” said Matthias Dill, Managing Partner at Energy Impact Partners. “The experience that these innovative companies bring will allow us to better accelerate existing climate solutions and to create new technologies to facilitate a global energy transition.”

“Shell Ventures is looking forward to actively participating in EIP’s global investment platform. As leaders in the energy transition, both Shell Ventures and EIP have previously co-invested in several ventures. The energy and the climate challenge are extremely complex and will require strong collaboration to scale promising solutions and create real impact. EIP’s strong convening power is therefore essential to help accelerate the shift to a lower carbon future.” (Geert van de Wouw, Vice President Shell Ventures)

“EDF Group is very enthusiastic about joining, along with some major industrial energy players, the European coalition of EIP devoted to identifying and supporting the development of innovative carbon neutrality oriented ventures. This partnership will enable us to detect new levers for growth in alignment with the strategy of EDF to support and accelerate the climate transition of our customers.” (Guillaume Lesueur, Head of Investments, EDF Pulse Croissance)

“DSD Group are very pleased to join this EIPs European Coalition from Norway. Innovation and energy efficient solutions have always been in the core of DSD’s 166-year long existence. We invest in people who want to search and develop new ideas, create world-leading technology and contribute to a sustainable future. We believe the unique approach that EIP Global & European Coalition represents, will help accelerating the green energy transition, and we are grateful for EIP’s effort and initiative for making this happen. Together and in collaboration with many innovative industrial players world-wide we really look forward to working for a more carbon-neutral world.” (Yuhong Jin Hermansen, Chairman of the Board, DSD AS)

For more information on EIP, please visit www.energyimpactpartners.com.

About Energy Impact Partners

Energy Impact Partners (EIP) is a global investment platform leading the transition to a sustainable energy future. EIP brings together entrepreneurs and the world's most forward-looking energy and industrial companies to advance innovation. With over $1.5 billion in assets under management, EIP invests globally across venture, growth, credit and infrastructure – and has a team of more than 45 professionals based in its offices in New York, San Francisco, Palm Beach, London, and Cologne. For more information on EIP, please visit www.energyimpactpartners.com.


Contacts

Energy Impact Partners Media Contact
Matthew Matyjek
On behalf of EIP
This email address is being protected from spambots. You need JavaScript enabled to view it.

Leading businesses collaborate with New York-based Common Energy to advance United States community solar.

NEW YORK--(BUSINESS WIRE)--Common Energy, a leading community solar provider, today announced collaborations with Microsoft, LinkedIn, Corning, Akamai Technologies, and VMware to bring a new sustainability benefit to each companies’ employees.


Through Common Energy’s Clean Energy Benefit Program, the companies’ employees can enroll to support new, local, community solar projects. The community solar projects generate clean energy that flows to the electrical grid, replacing fossil fuel and lowering emissions in the community. Each employee who enrolls in the program also receives clean energy credits that lower their electricity cost each month. There is no cost to the employer or the employee.

To date, partner employees across four states have enrolled in Common Energy’s program, supporting 50 MW of new clean energy capacity. Together, these projects will generate approximately 66 million kilowatt hours of clean energy and prevent approximately 32 million pounds of carbon emissions each year. Over the lifetime of the projects, the projects are expected to generate over 1 billion kilowatt hours of clean energy and prevent over 600 million pounds of carbon emissions.

The projects being supported through these programs are located across the country, serving both major cities and rural areas including: Carver, MA (2.8 MW, serving Greater Boston); Lostant, IL (2.9 MW, serving Greater Chicago); and Mecklenburg, NY (2.3 MW, serving New York’s Southern Tier).

Today’s announcement is the culmination of over three years of work beginning with Common Energy’s first corporate partnership with Corning in 2018. This initiative is believed to be the first large-scale program to directly involve employees in community solar. Unlike other companies, Common Energy only works on projects that bring new, clean energy to the grid, providing true additionality and real environmental impact.

“We’re proud to participate in this program offering our employees a way to reduce their carbon footprint and contribute to a greener future for all,” said Bennett Leff, Director of Sustainability, Corning Incorporated. “Our 170 years of invention and innovation have shown us that what we do today will ultimately determine how our world looks tomorrow.”

“This partnership with Common Energy is another significant step in advancing our global sustainability commitment, in alignment with Microsoft," says Peggy Brannigan, Director of Global Environmental Sustainability at LinkedIn. “LinkedIn’s vision of creating economic opportunity for every member of the global workforce includes helping to accelerate a clean energy economy and supporting green jobs. We believe these community solar projects do just that, and we’re excited to see the impact that this initiative will have on our workforce and the communities we serve.”

“Akamai invites our employees to join in lessening carbon emissions,” said Mike Mattera, Director, Corporate Sustainability, Akamai Technologies. “Common Energy offers a direct way for them to do so, and is easily replicable to all our U.S. offices.”

“At VMware, we have a long-standing commitment to sustainability,” said Natasha Tuck, Director, Sustainability and ESG at VMware. “Providing Common Energy’s Clean Energy Benefit Program to our employees in Boston is an impactful way for our people to participate in climate action. We hope to extend the program to more employees so we can continue to increase the adoption of renewable energy.”

“We are thrilled and honored to work with Microsoft, LinkedIn, Corning, Akamai and VMware on these important programs,” said Richard Keiser, CEO of Common Energy. “We hope that these partnerships will encourage more organizations to proactively engage their employees and members in sustainability in general and local community solar projects.”

“We are pleased to support these new solar projects with Common Energy,” said Adam Hecktman, Director, Microsoft Philanthropies. “Community solar is a great way to enable residents and our employees to live out their values and commitments to clean energy.”

Common Energy’s corporate programs are an extension of its core mission to accelerate the United States’ clean energy transition and enable the public to save money and lower emissions. Common Energy currently serves households in Illinois, Maine, Maryland, Massachusetts, Minnesota, New Jersey, New York, Rhode Island, and Oregon. Residents of these states can enroll for free at www.commonenergy.us. Corporations interested in partnering with Common Energy can email This email address is being protected from spambots. You need JavaScript enabled to view it..

About Common Energy

Common Energy is a leading community solar provider that services over 200MW of projects across the country. Common Energy’s programs enable homeowners, renters, and businesses to support clean energy, lower emission in their communities and save money on their electricity for free, with their existing utility account. To join a community solar project, enroll at www.commonenergy.us. Companies interested in implementing employee programs are encouraged to email This email address is being protected from spambots. You need JavaScript enabled to view it..


Contacts

Haley Steinhauser
(562) 991-3170
This email address is being protected from spambots. You need JavaScript enabled to view it.

MONTREAL--(BUSINESS WIRE)--$LMR #Batteries--Lomiko Metals Inc. (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) (Lomiko or the “Company”) is pleased to provide an update on its La Loutre graphite project (“La Loutre”), located in Quebec, Canada. La Loutre comprises the Graphene-Battery (GB) zone and the Electric Vehicle (EV) Zone. The names of the zones are not reflective of the products each will produce but generally indicate applications of products. The recent testwork program confirmed that each zone will produce similar products.



Highlights

  • A metallurgical flowsheet development program was carried out on two composite samples of La Loutre graphite project. One composite was generated from mineralized samples from the EV zone yielding 9.70% graphitic carbon, and the second composite from drill core of the GB zone yielding 4.80% graphitic carbon.
  • The process development was carried out on both composites and resulted in a flowsheet and conditions that are suitable to treat both zones of La Loutre mineralization in the same processing plant.
  • The program culminated in a locked cycle test (“LCT”) that generated a combined concentrate grading 97.8% total carbon at 93.5% graphite recovery.
  • Although the two mineralized zones produced noticeably different flake size distributions, they responded equally well to the same flowsheet and conditions with combined concentrate grades of over 97% total carbon.

“These very encouraging results of initial testing suggest that La Loutre graphite may be suitable for high-end industrial use,” stated A. Paul Gill, CEO. “Our next step is to complete a Preliminary Economic Assessment.”

Technical Discussion

Process Development

In January 2021, a metallurgical process development program was initiated at SGS Minerals in Lakefield, Ontario. The objective of the program was to develop the flowsheet and conditions suitable to upgrade La Loutre mineralization to at least 95% total carbon.

Metallurgical development work was carried out on two composites representing the two zones. The process development program produced a flowsheet and conditions that generated concentrates of over 97% total carbon for both mineralized zones. The equipment and reagents selected for the process are well established in the mineral processing field and are consistent with other graphite projects. The flowsheet, which is depicted in Figure 1, comprises rougher/scavenger flotation stage, followed by a primary and secondary cleaning circuit.

The GB composite produced a final concentrate with a significantly higher mass recovery into the +80 mesh size fraction of approximately 50% compared to 25-30% for the EV composite. However, both composites responded equally well to the same flowsheet and conditions, producing combined concentrate grades that are consistently at least 97% C(t).

The program culminated in a locked cycle test (LCT) using a 50:50 blend of the two mineralized zones. The overall mass balance is presented in Table 1. The mill feed grading 7.60% carbon was upgraded to a combined concentrate grading 98.5% carbon at an overall graphite recovery of 93.5%.

Table 1: Mass Balance of Locked Cycle Test LCT-1

Sample ID  

Weight

Assays (%)

% Distribution

 

%

C(t)

C(t)

Combined Concentrate    

7.2

98.5

93.5

+80 Mesh 2nd Clnr Conc    

2.9

99.0

37.1

+80 mesh 1st Clnr Tails    

0.1

34.9

0.3

-80 mesh 3rd Clnr Conc    

4.4

98.1

56.4

-80 mesh 1st Clnr Conc    

0.4

9.64

0.5

1st Clnr Tails

22.3

1.26

3.7

Scav Tails

69.9

0.21

1.9

Head (calc)

100.0

7.63

100.0

 

The final concentrates of the three cycles that were used to develop the overall mass balance were submitted for a size fraction analysis (SFA), and the average results of the three SFAs are presented in Table 2. The combined concentrate grade of 97.8% total carbon is slightly lower compared to the direct concentrate analysis of the LCT mass balance, which is related to measurement uncertainties associated with assay methods.

A total of 32.4% of the concentrate mass reported to the +80 mesh size fractions at a combined grade of 97.8% total carbon. Another 10.8% of the mass was recovered into the -80/+100 mesh product at a grade of 98.2% and the balance of 56.8% reported to the -100 mesh size fractions at a combined grade 97.7% total carbon.

One of the primary applications for the -100 mesh size fraction is the value-add process to produce spherical graphite for batteries. The ability to upgrade the fines size fraction to almost 98% total carbon by flotation only might have a positive impact on downstream purification costs since concentrations of impurities are often proportional to purification cost.

Table 2: Average Size Fraction Analysis Results of LCT-1

Size

Mass

Grade

Distribution

Mesh 

Microns

%

%Ct

%Ct

  

 

 

 

 

32

500

1.0

97.6

1.0

48

300

9.8

97.4

9.7

80

180

21.6

98.0

21.7

100

150

10.8

98.2

10.9

150

106

17.5

98.1

17.5

200

75

13.0

98.3

13.1

325

45

13.5

98.1

13.6

Pan

-45

12.8

96.0

12.5

 

 

 

 

 

Total

 

100.0

97.8

100.0

 

Preliminary comminution tests produced Bond ball mill work indices of 6.9 kWh/t for the EV zone and 11.2 kWh/t for the GB zone, which places La Loutre mineralization into the very soft to soft category, which is favourable for minimizing grinding energy costs.

Next Steps

Variability flotation testing on four composites that made up the two development composites will be performed to complete the scoping level metallurgical study.

The combined concentrate of the LCT will be subjected to chemical and mineralogical characterization, which will determine the type and association of the remaining impurities in the graphite concentrate. This information will be used to commence marketing initiatives for La Loutre graphite concentrate.

The current process development program will be completed within the next couple of weeks, and the company commenced work on a preliminary economic assessment (PEA) study.

During the next phase of metallurgical testing, conditions of the existing flowsheet will be optimized to minimize flake degradation and maximize graphite recovery. Further, the optimization will evaluate potential capital and operating cost savings.

The robustness of the optimized flowsheet and conditions will be verified with a larger number of variability samples, and a more comprehensive comminution program will be completed.

Qualified Persons

Mr. Oliver Peters, a Principal Metallurgist with Metpro Management Inc., is a Qualified Person within the meaning of NI 43-101. Mr. Peters is satisfied that the analytical and testing procedures used are standard industry operating procedures and methodologies, and he has reviewed, approved and verified the technical information disclosed in this news release, including sampling, analytical and test data underlying the technical information.

Quebec’s Role in The New Green Economy

In 2020, The Quebec Government released the Quebec Plan for Development of Critical and Strategic Minerals (“The Quebec Plan”) which indicates graphite demand would likely increase 300-500% in the coming decades as more is used in the production of spherical graphite for anode portion of Electric Vehicle Lithium-ion batteries. Quebec has an opportunity to play a vital role in reducing carbon emissions and become a key provider of critical battery materials to the North American economy.

For more information on Lomiko Metals, review the website at www.lomiko.com, contact A. Paul Gill at 604-729-5312 or email: This email address is being protected from spambots. You need JavaScript enabled to view it..

On Behalf of the Board,

“A. Paul Gill”
Chief Executive Officer

We Seek Safe Harbour. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Contacts

A. Paul Gill
604-729-5312
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HOUSTON--(BUSINESS WIRE)--The Board of Directors of Murphy Oil Corporation (NYSE: MUR) today declared a quarterly cash dividend on the Common Stock of Murphy Oil Corporation of $0.125 per share, or $0.50 per share on an annualized basis. The dividend is payable on June 1, 2021, to stockholders of record as of May 17, 2021.


ABOUT MURPHY OIL CORPORATION
As an independent oil and natural gas exploration and production company, Murphy Oil Corporation believes in providing energy that empowers people by doing right always, staying with it and thinking beyond possible. Murphy challenges the norm, taps into its strong legacy and uses its foresight and financial discipline to deliver inspired energy solutions. The company sees a future where it is an industry leader who is positively impacting lives for the next 100 years and beyond. Additional information can be found on the company’s website at www.murphyoilcorp.com.

FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally identified through the inclusion of words such as “aim”, “anticipate”, “believe”, “drive”, “estimate”, “expect”, “expressed confidence”, “forecast”, “future”, “goal”, “guidance”, “intend”, “may”, “objective”, “outlook”, “plan”, “position”, “potential”, “project”, “seek”, “should”, “strategy”, “target”, “will” or variations of such words and other similar expressions. These statements, which express management’s current views concerning future events or results, are subject to inherent risks and uncertainties. Factors that could cause one or more of these future events or results not to occur as implied by any forward-looking statement include, but are not limited to: macro conditions in the oil and gas industry, including supply/demand levels, actions taken by major oil exporters and the resulting impacts on commodity prices; increased volatility or deterioration in the success rate of our exploration programs or in our ability to maintain production rates and replace reserves; reduced customer demand for our products due to environmental, regulatory, technological or other reasons; adverse foreign exchange movements; political and regulatory instability in the markets where we do business; the impact on our operations or market of health pandemics such as COVID-19 and related government responses; other natural hazards impacting our operations or markets; any other deterioration in our business, markets or prospects; any failure to obtain necessary regulatory approvals; any inability to service or refinance our outstanding debt or to access debt markets at acceptable prices; or adverse developments in the U.S. or global capital markets, credit markets or economies in general. For further discussion of factors that could cause one or more of these future events or results not to occur as implied by any forward-looking statement, see “Risk Factors” in our most recent Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (“SEC”) and any subsequent Quarterly Report on Form 10-Q or Current Report on Form 8-K that we file, available from the SEC’s website and from Murphy Oil Corporation’s website at http://ir.murphyoilcorp.com. Murphy Oil Corporation undertakes no duty to publicly update or revise any forward-looking statements.


Contacts

Investor Contacts:
Kelly Whitley, This email address is being protected from spambots. You need JavaScript enabled to view it., 281-675-9107
Megan Larson, This email address is being protected from spambots. You need JavaScript enabled to view it., 281-675-9470

Global prize fund of US$3 million to amplify impact of winners in Health, Food, Energy, Water and Global High Schools categories

ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--With one month to go until the 6th of May submissions deadline, the Zayed Sustainability Prize, the UAE’s pioneering global award for rewarding impact, innovation, and inspiration, has today issued a final call to small-to-medium sized enterprises, non-profit organisations and high schools, around the world, to submit their entries for the 2022 edition.


Inspired by the sustainable development and humanitarian legacy of the UAE’s founding father, Sheikh Zayed bin Sultan Al Nahyan, the Prize is now in its 14th submissions cycle after officially opening on 18th November 2020. The Prize has since recognised 86 winners whose solutions or school projects have, directly and indirectly, positively transformed the lives of more than 352 million people, worldwide.

Small-to-medium sized enterprises and non-profit organisations must enter an existing sustainability solution in one of the Health, Food, Energy, or Water categories, and demonstrate results across three core criteria: impact, innovation, and inspiration. The Global High Schools category invites student-led projects or proposals, based on one or more of the four sustainability sectors, and provides funding to help develop or enhance their school or local community.

Commenting on this year’s submissions process, H.E Dr. Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Director General of the Zayed Sustainability Prize said: “The Zayed Sustainability Prize focuses on contributing to the vision of the UAE’s wise leadership in terms of encouraging and driving innovation to develop practical solutions that enhance the quality of life for communities throughout the world. The Prize also announced that the 2022 cycle would be placing notable emphasis on innovation as one of the key drivers for COVID-19 response and recovery, creating synergies between vital sustainable solutions and their ability to play a role in empowering communities, while alleviating the socio-economic implications of the pandemic.”

“As the world unites around progressive climate action in the run up to COP26, sustainable solutions are growing in prominence, as they reinforce the commitment and responsibility of current generations towards the future while paving the way for greater economic opportunities. For its part, the Prize will continue to showcase and recognise the sustainable innovations that effectively tackle climate change action and beyond.”

The Prize’s US$3 million annual fund rewards winners US$600,000 in each category; the Global High Schools category is split into six world region winners, with each school able to claim up to US$100,000 to start or further expand their project. The six world regions of the Global High Schools category are The Americas, Sub-Saharan Africa, Middle East & North Africa, Europe & Central Asia, South Asia, and East Asia & Pacific.

Winners will be announced in 2022 during an Awards Ceremony as part of the Abu Dhabi Sustainability Week (ADSW). More details will be shared in the coming months.

To apply today, visit www.ZayedSustainabilityPrize.com

About Zayed Sustainability Prize

Established by the UAE leadership, in 2008, to honour the legacy of the founding father, the late Sheikh Zayed bin Sultan Al Nahyan, the Zayed Sustainability Prize is the UAE’s pioneering global award for recognising sustainability and humanitarian solutions around the world.

The Zayed Sustainability Prize acknowledges and rewards global pioneers and innovators who are committed to accelerating impactful sustainable solutions.

For over a decade, the Prize has awarded 86 winners. Collectively, they have directly and indirectly, positively impacted the lives of over 335 million people around the world. The Zayed Sustainability Prize categories are: Health, Food, Energy, Water and Global High Schools.

For more information, please visit www.ZayedSustainabilityPrize.com or go to our social media platforms on, Twitter, Facebook, Instagram, YouTube.

*Source: AETOSWire


Contacts

Medhat Juma
Hill+Knowlton Strategies
T: +971 561399482
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Erika Spagakou
Hill+Knowlton Strategies
T: +971 551398765
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Ambyint artificial lift optimization solutions now available in Azure Marketplace


HOUSTON--(BUSINESS WIRE)--#Azure--Ambyint, the leader in well lifecycle production optimization and artificial lift optimization, today announced a co-sell qualified partnership with Microsoft Corporation to provide oil & gas exploration and production (E&P) companies with solutions that optimize rod lift and plunger lift wells. Ambyint solutions leverage Microsoft Azure within its platform to increase production, lower operating expenses, and reduce GHG emissions by delivering production optimization at scale.

Ambyint solutions optimize oil & gas wells by automating anomaly detection, controller setpoint recommendations, setpoint changes, and production versus plan analytics to enable real-time production optimization. The company employs advanced physics-based models, deep subject matter expertise, and artificial intelligence to deliver highly scalable and proven applications. Ambyint solutions improve production volumes and workforce efficiencies while reducing operating expenses, emissions, and failure rates for mid- to large-sized operators across every major North American basin.

Ambyint’s partnership with Microsoft Azure allows for seamless deployment of Ambyint’s automated, domain-driven data ingestion and contextualization capabilities for SCADA systems and other oil & gas software’s batch and streaming data. The partnership also enables deployment of Ambyint’s proven production and artificial lift optimization applications into E&P companies’ existing Azure environments. Via technologies such as IoT Hub, AKS, Blob Storage, and PowerBI; Azure gives Ambyint the ability to deliver a customized data analytics experience, scalable data storage, and the processing power required to analyze terabytes of data daily.

“At Ambyint, we are focused on developing and deploying best-in-class solutions designed to deliver better production outcomes for our customers,” says Chris Robart, chief commercial officer at Ambyint. “Microsoft is a technology leader in energy, and our partnership with them will further drive innovation within our company and accelerate our customers’ digital transformation journeys.”

For more information, please visit our product listings for Ambyint InfinityRLTM, InfinityPLTM, and SmartStreamTM in the Azure Marketplace.

About Ambyint

Ambyint, a market leader in well lifecycle production optimization for the oil and gas industry, delivers step-change improvements to E&P production outcomes and margins by combining advanced physics and subject matter expertise with artificial intelligence to automate operations and production optimization workflows across all well types and artificial lift systems. www.ambyint.com.

About Microsoft

Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.


Contacts

Ginger Shelfer, senior marketing manager
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LIVONIA, Mich.--(BUSINESS WIRE)--Despite the challenges of a pandemic and global financial crisis, utilities are easier to work with than ever, as Cogent Syndicated’s Customer Effort Index increases to 738 (on a 1,000-point scale). Obtaining phone service, making payments and acquiring outage information have improved the most among the customer touchpoints measured in the study. Based upon this index, 38 utilities stand out as being “easiest to do business with” among 140 of the largest utility companies in the US. These and other findings are from the Cogent Syndicated 2021 Utility Trusted Brand & Customer Engagement™: Residential study by Escalent, a top human behavior and analytics firm.


Being easier to work with has led to a significant increase in utility customer satisfaction as well, as the Customer Effort Index explains over 90% of overall satisfaction.

“Utilities continued making it easier for customers to do business with them, which is the sole reason customer satisfaction is also at all-time highs,” said Chris Oberle, senior vice president at Escalent. “Being easier to work with is leading to increased customer engagement and increased use of enhanced utility offerings.”

The highest-rated customer touchpoints are ease of interacting through utility websites and mobile access. Customers transacting with their utility through digital means have found it easy to navigate and resolve service issues.

“Utilities are doing a fantastic job satisfying customers. As more customers used digital service this year, they found it easy to transact, showing how the industry is quickly becoming a leader on the digital experience,” continued Oberle. “Our list of utilities that are easiest to do business with are also perceived as leaders on industry innovation and technology.”

The following is a list of 38 utilities Escalent has designated as being the “2021 Easiest to Do Business With” based upon their top performances on Cogent Syndicated’s utility Customer Effort Index. The utilities reflect best practices in making customer lives easier during trying times.

Easiest to Do Business With

   

Utility Benchmark Segment

   

Customer Effort Index

Cascade Natural Gas

   

Natural Gas West

   

804

Columbia Gas – South

   

Natural Gas South

   

790

TECO Peoples Gas

   

Natural Gas South

   

790

Kentucky Utilities

   

Electric South

   

784

Intermountain Gas Company

   

Natural Gas West

   

783

NW Natural

   

Natural Gas West

   

783

DTE Energy

   

Combination Midwest

   

780

Piedmont Natural Gas

   

Natural Gas South

   

780

OUC

   

Electric South

   

772

Oklahoma Natural Gas

   

Natural Gas South

   

770

Columbia Gas of Ohio

   

Natural Gas Midwest

   

769

National Fuel Gas

   

Natural Gas East

   

769

New Jersey Natural Gas

   

Natural Gas East

   

768

Texas Gas Service

   

Natural Gas South

   

768

South Jersey Gas Company

   

Natural Gas East

   

764

Washington Gas

   

Natural Gas East

   

764

Black Hills Energy – Midwest

   

Combination Midwest

   

763

UGI Utilities

   

Natural Gas East

   

763

Idaho Power

   

Electric West

   

761

CenterPoint Energy – Midwest

   

Natural Gas Midwest

   

760

Elizabethtown Gas

   

Natural Gas East

   

760

PECO Energy

   

Combination East

   

760

PSE&G

   

Combination East

   

759

PPL Electric Utilities

   

Electric East

   

758

RG&E

   

Combination East

   

758

Toledo Edison

   

Electric Midwest

   

758

CPS Energy

   

Combination South

   

755

Pacific Power

   

Electric West

   

754

SMUD

   

Electric West

   

754

Peoples

   

Natural Gas East

   

753

Pepco

   

Electric East

   

753

Salt River Project

   

Electric West

   

751

Portland General Electric

   

Electric West

   

749

Spire Missouri – East

   

Natural Gas Midwest

   

746

SDG&E

   

Combination West

   

744

Avista

   

Combination West

   

743

NorthWestern Energy

   

Combination West

   

741

Penelec

   

Electric East

   

739

Index scores based upon 1,000-point maximum scale

About Utility Trusted Brand & Customer Engagement™: Residential

Escalent conducted surveys among 74,224 residential electric, natural gas and combination utility customers of the 140 largest US utility companies (based on residential customer counts). The sample design uses a combination of quotas and weighting based on US census data to ensure a demographically balanced sample of each evaluated utility’s customers based on age, gender, income, race and ethnicity. Utilities within the same region and of the same type (e.g., electric-only providers) are given equal weight to balance the influence of each utility’s customers on survey results. Escalent will supply the exact wording of any survey question upon request.

About Escalent

Escalent is a top human behavior and analytics firm specializing in industries facing disruption and business transformation. As catalysts of progress for more than 40 years, we tell stories that transform data and insight into a profound understanding of what drives human beings. And we help businesses turn those drivers into actions that build brands, enhance customer experiences and inspire product innovation. Visit escalent.co to see how we are helping shape the brands that are reshaping the world.


Contacts

Sarah Keller, 734.779.6847
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DUBLIN--(BUSINESS WIRE)--The "Global LPG Market - Forecasts from 2021 to 2026" report has been added to ResearchAndMarkets.com's offering.


The global liquified petroleum gas (LPG) market is expected to grow at a compound annual growth rate of 4.91% over the forecast period to reach a market size of US$153.146 billion in 2026 from US$109.493 billion in 2020.

LPG is a by-product of propane and butane, and mainly extracted through refineries (crude oil) or natural gas (propane and butane's by-product), which differs area to area, such as in North America, majority of supply of LPG is from natural gases, where United States and Canada are the major exporters of LPG, and that in Asia Pacific is from refineries' extraction. At global level, the majority of extraction of LPG in the market is from natural gas, mainly contributed by North America, Europe, Middle East. Considering the different methods of extraction (natural gas and refinery), the natural gas process is more appealing as it involves a gas separation facility, which extracts the LPG easily and cost-effectively, whereas the refineries involve high installation cost of liquefaction process. The distribution of LPG can be done through tankers, drums, or pipelines, depending on the logistics and demand of the good.

Liquified petroleum gas is a clean fuel, cost effective in use and an environment friendly substitute for the gasoline and diesel in the market that is boosting the demand for the LPG. The major drivers for the global LPG market are increase in consumption of LPG due to increase in population growth, government initiatives to use the cleaner fuel, industrialization, and urbanization, increasing investments in developing countries, and improving R&D. While, the storage issue of LPG, irregular domestic supply of LPG, high installation cost of LPG to liquefaction process are the major restraints in this market. Due to the properties of LPG such as highly in-flammable and so on creates the problem for the suppliers to store it and supply it accordingly. Among the application segment, the residential and commercial segments are the dominant segments globally due to the increasing investments and increase in urbanization and industrialization. Since people's preference towards traditional uses of fuel and government initiatives has been boosting the demand for the LPG worldwide

COVID-19 Impact

The pandemic COVID-19 has adversely impacted the global demand for LPG in the market, especially in commercial sector, and hence, impacted the growth rate of it. On the other side, the residential demand for personal consumption purposes such as household cooking has increased. Overall, the increasing demand for the LPG has projected a positive growth in upcoming period. Due to lockdowns, the demand of LPG in Europe continues to affect adversely in the market. In other regions, several players are entering into the market with the aim to fulfill the demand for LPG. US and Russia are expanding in the LPG market to acquire the significant market share

Companies Mentioned

  • Repsol
  • China Gas Holdings Ltd
  • Saudi Arabia Oil Co
  • FLAGA Gmbh
  • Kleenheat
  • Bharat Petroleum Corp Ltd
  • JGC Holdings Corp
  • Phillips 66 Company
  • Chevron Crp
  • Reliance
  • Exxon Mobil Corp

Key Topics Covered:

1. Introduction

1.1. Market Definition

1.2. Market Segmentation

2. Research Methodology

2.1. Research Data

2.2. Assumptions

3. Executive Summary

3.1. Research Highlights

4. Market Dynamics

4.1. Market Drivers

4.2. Market Restraints

4.3. Porters Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. The threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. Global Liquified Petroleum Gas Market Analysis, By technology

5.1. Introduction

5.2. Refinery

5.3. Associated gas

5.4. Non-associated gas

6. Global Liquified Petroleum Gas Market Analysis, By Application

6.1. Introduction

6.2. Residential

6.3. Transport

6.4. Commercial

6.5. Refinery

7. Global Liquified Petroleum Gas Market Analysis, by Geography

7.1. Introduction

7.2. North America

7.3. South America

7.4. Europe

7.5. The Middle East and Africa

7.6. Asia Pacific

8. Competitive Environment and Analysis

8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Vendor Competitiveness Matrix

9. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/jak7da


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DES PLAINES, Ill.--(BUSINESS WIRE)--#CJLogistics--Kevin Coleman has been named Chief Executive Officer (CEO), Canada of CJ Logistics America, in addition to his current role as Chief Customer Officer (CCO). As CEO, Canada, Coleman will lead the strategy for regional growth and expansion. For the company’s Canada-based operations, including warehousing, transportation and international freight forwarding, Coleman will have executive oversight of capabilities development and management, sales and marketing, customer operations, technology infrastructure and security, human capital and talent, and financial performance.



As CCO of CJ Logistics America, Coleman will continue to be responsible for customer strategic partnerships, business development and emerging channels, supply chain solutions and analytics, supply chain consulting and marketing communications. In his capacity as CCO, Coleman drives the company’s vision for delivering customer value. In collaboration with the executive team, he is responsible for customer retention and the development of expanded capabilities.

Coleman joined the company in 2002 as Director, Strategic Partnerships and was promoted to roles of increasing responsibility including Senior Director, Customer Solutions in 2009, Vice President, Customer Solutions in 2011, Senior Vice President in 2016 and Chief Customer Officer in 2018. He spent eight years in consulting for TZA Associates, Oracle, MarchFIRST and Deloitte, working in supply chain strategy, technology and operational design. He has a BA from the University of Illinois.

“Under Kevin’s leadership over the past 15 years, we have achieved significant strategic growth,” CEO of CJ Logistics America Ed Bowersox said. “With his leadership in Canada, we can expect expanded capabilities and customer value delivery, especially for those who can benefit from cross-border operations optimization.”

The company, formerly DSC Logistics, recently announced its rebranding as CJ Logistics on March 2, 2021. Focused on innovation and continuous improvement, CJ Logistics acquired DSC Logistics to expand its North American platform which now includes over 80 locations in the United States, Canada and Mexico, including warehouses, transportation, freight forwarding and corporate offices.

CJ Logistics and CJ Logistics America

CJ Logistics provides integrated global supply chain services, maximizing customer value through continuous improvement and innovation. With a focus on social responsibility and sustainability through growth with customers and communities, CJ Logistics prioritizes the well-being of the end consumer. CJ Logistics offers an integrated, one-stop SCM service platform with air and sea international freight forwarding, warehousing and transportation contract logistics, asset-based transportation, parcel and express delivery, and supply chain consulting. As a lead logistics partner (LLP), third-party logistics provider (3PL) and supply chain consultant, CJ Logistics helps customers leverage supply chain management as a competitive advantage, reducing total system costs, transforming business processes, improving service and facilitating growth and change. CJ Logistics America, a division of CJ Logistics, is responsible for leading warehousing, transportation and freight forwarding operations across the North America region, specializing in solutions for regulated industries such as food and beverage, consumer packaged goods, healthcare and medical supplies, and tire and automotive. cjlogisticsamerica.com


Contacts

For more information, please contact Jennifer Nix at This email address is being protected from spambots. You need JavaScript enabled to view it. or call (312) 402-0740.

 

NEW ORLEANS--(BUSINESS WIRE)--Four leading energy business leaders and early-stage investors today announced the formation of NuQuest Energy LLC, a utility-scale renewable energy development company pursuing projects in the United States.


The company intends to leverage its extensive experience in engineering, procurement, construction, finance, land leasing, regulatory, project management, and operations to become an industry-leading renewables development company.

“Capitalizing on our previous successes, we’re confident that our combined capabilities will propel NuQuest Energy’s growth and drive positive commercial and sustainable environmental energy outcomes,” said Kirk Barrell, NuQuest Co-Founder. We look forward to building a large portfolio of renewable energy and storage projects that makes sense from an environmental perspective and generate value for all parties.”

Mr. Barrell is joined by industry executives Denis Taylor, Co-Founder & Partner, Audubon Companies, LLC; Bob Rosamond, Co-Founder & Partner, Audubon Companies, LLC; and Alex Guitart, Founder & President, New Orleans Land & Title Company, LLC. Together, the four co-founders have accumulated more than 120 years of experience in the energy infrastructure sector. Building on each partner’s industry expertise, this collaboration aims to deliver innovative solutions that advance renewable infrastructure development.

“NuQuest Energy shares Audubon Companies’ commitment to building a more sustainable clean energy future,” said Bob Rosamond. “The newly-formed company compliments our current portfolio of decarbonization solutions and represents another reduction opportunity to lower the carbon footprint for people today, and for future generations.”

“Our co-founding team has a long history of delivering great outcomes for our landowners and corporate clients,” said Alex Guitart, NuQuest Co-Founder. “Our technology-focused approach will greatly enhance our site selection process ensuring project success.”

The company has built a proprietary site-selection system, TerraVoltTM, which integrates electric grid analyses, GIS, and advanced analytics. "Our proprietary technological system leverages decades of mapping and analytics experience to pinpoint high-quality locations for renewables development,” Barrell added.

About NuQuest Energy, LLC

NuQuest Energy, LLC is a renewables development company pursuing an aggressive plan to assemble and construct a diverse portfolio of utility, industrial, and corporate projects across the United States with a current focus on Louisiana, Texas, and Mississippi. The company leverages existing relationships and project development experience to build a robust, scalable renewables portfolio.

www.nuquestenergy.com

CAUTIONARY STATEMENT: This press release contains certain forward-looking statements regarding renewable energy, development and operation activities, anticipated and potential developments and the economic potential of properties. Accuracy of these forward-looking statements depends on assumptions about events that change over time and is thus susceptible to periodic change based on actual experience and new developments. NuQuest Energy LLC cautions readers that it assumes no obligation to update or publicly release any revisions to the forward-looking statements in this press release and, except to the extent required by applicable law, does not intend to update or otherwise revise these statements more frequently than quarterly. Important factors that might cause future results to differ from these forward-looking statements include adverse conditions such as variations in the market prices of renewable energy, environmental laws and situations, solar and wind accessibility, the ability to satisfy future cash obligations and environmental costs, and other general development risks and hazards.


Contacts

Alex Guitart
This email address is being protected from spambots. You need JavaScript enabled to view it.
504-628-7727
NuQuest Energy, LLC
111 Veterans Blvd., Suite 1200
Metairie, LA 70005

Project Capable of Generating Enough Electricity to Power 46,000 Colorado Homes

IRVINE, Calif.--(BUSINESS WIRE)--174 Power Global, a leading solar energy company, today announced that it has entered into a 15-year Power Purchase Agreement (“PPA”) with Black Hills Energy to develop a 200-megawatt (MW) solar power production facility, Turkey Creek Solar in Pueblo County, Colorado.

The new, utility-scale solar facility, is expected to generate enough electricity to power an estimated 46,000 Colorado homes with clean, renewable energy. Once operational, the facility will contribute to Black Hills Energy’s Renewable Advantage plan, a clean-energy growth strategy which is forecasted to deliver nearly $178 million through state, local and federal taxes, benefiting the community. The project has an estimated construction cost of over $200 million and will create approximately 250 good-paying construction jobs, with the potential for up to 450 workers during certain phases of construction.

We are glad to partner with Black Hills Energy on the Turkey Creek Solar project, which will provide long-lasting environmental and economic benefits to the Pueblo community, as well as dependable solar power,” said 174 Power Global President Henry Yun. “We look forward to bringing Black Hills customers sustainable, cost-competitive, clean energy and working with the Pueblo and Fremont county communities.”

We are very pleased by the broad community support that is driving our Renewable Advantage plan forward,” said Vance Crocker, Black Hills Energy’s vice president for Colorado utilities. “With a project of this magnitude – the first and largest utility-scale solar project for Black Hills Energy – we will assure significant cost savings for our customers, while achieving long-lasting environmental benefits and economic vitality for our local and regional economies for years to come.”

Construction of the facility is expected to commence in 2022, with the project coming online in 2023. Under the terms of the agreement, Black Hills Energy will purchase all power generated by the project. 174 Power Global will lead project development and construction, the engagement and permitting process with local agencies, including Pueblo and Fremont Counties, and will own and operate the facility.

About 174 Power Global
174 Power Global is a leading solar and energy storage project developer focused on North America’s utility and C&I energy markets. The company is wholly owned by the Hanwha Group, and has offices in Houston, Texas; Irvine, California; and New York City, New York. With deep expertise across the full spectrum of the project development cycle, 174 Power Global works closely with utilities, landowners, local communities, financial investors, and other partners to build highly productive, utility scale and C&I solar power plants throughout North America. Since its formation in 2017, 174 Power Global has signed over 3 GW of power purchase agreements with more than 8 GW of additional solar projects and 10GWh of battery energy storage projects in the development pipeline. 174 Power Global also is affiliated with Chariot Energy, a retail energy provider that provides 100% clean, renewable solar energy to the Texas market. Chariot Energy is transforming the energy supply for Texas while modernizing and simplifying the way solar energy is sold and delivered. 174 Power Global’s name was inspired by the 174 petawatts of power the earth receives from the sun at any moment.

For more information, visit: http://174powerglobal.com/

About Black Hills Corporation
Black Hills Corp. (NYSE:BKH) is a customer focused, growth-oriented utility company with a tradition of improving life with energy and a vision to be the energy partner of choice. Based in Rapid City, South Dakota, the company serves 1.3 million natural gas and electric utility customers in eight states: Arkansas, Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota and Wyoming. More information is available at www.blackhillscorp.com and www.blackhillsenergy.com.


Contacts

For media inquiries:
174 Power Global
Kelly Kimberly
713.822.7538
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Brian Armentrout
281.968.5635
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Black Hills Corp.
Julie Rodriguez
719.924.4103
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HOUSTON--(BUSINESS WIRE)--Galtway Industries, a leading channel partner of world class manufacturers specializing in supply chain solutions for top tier OEMs, achieved a rare feat for businesses in 2020 by having its best year in the company’s eight-year history, despite global economic conditions and affects on the oil and gas industry, traditionally a primary focus of Galtway’s business. Therefore, today the company announced the completion of a strategic rebranding effort that positions the company for continued growth along with its leading position in the oil and gas industry.


“Our core business of developing and implementing innovative supply chain solutions remains unchanged,” said Josh Lowrey, President of Galtway Industries. “Our refreshed brand is more inclusive of the various industries we will provide our leading edge sales and marketing solutions to on behalf world class suppliers around the globe.”

Galtway Industries now serves manufacturers in the oil and gas, hydro, wind, nuclear, marine, power generation, heavy industries, mining, and transportation industries. It delivers solutions for machining, fabrication, castings, forgings and fasteners that meet the tolerances, quality, and supply chain required in today’s business environment.

“When we completed our strategic review we realized how substantial our business was across multiple industries,” continued Lowrey. “We’d been so busy building it up over the last seven years, we finally stepped back to appreciate what we built with an eye on how to continue forward.”

The company partners with leading OEMs Lucchini Mame, Riganti, Oklahoma Forge, POK Foundry, Express Bolt and Gasket, and Marmen along with producing the popular industry podcast, “The Highly Capable Podcast,” available on all top podcast platforms.

About Galtway Industries

Houston-based Galtway Industries is North America’s leading channel partner of world class manufacturers specializing in the development and implementation of supply chain solutions for Top Tier OEMs. It provides precision metal components, parts, and solutions for the high-tech manufacturing and energy industries world wide. More information on Galtway Industries can be found at www.galtwayindustries.com.


Contacts

Kevin Courser
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(832) 331-2282

First set of public commitments positions the identity leader for long-term action on climate change

SAN FRANCISCO--(BUSINESS WIRE)--Okta, Inc. (NASDAQ:OKTA), the leading independent identity provider, today at Oktane21, committed to achieving 100% renewable electricity for its global real estate footprint by 2022. The company’s commitment marks a critical step in Okta’s journey to reduce greenhouse gas (GHG) emissions and take long-term action on climate change. Watch all of Okta’s announcements at Oktane21.com.


“Climate change adversely impacts all of us, and every company has a role to play in curbing its most dangerous effects. For Okta, addressing energy usage for our offices is the right first step, but this is just the beginning of a long-term commitment to climate action,” said Todd McKinnon, Chief Executive Officer, and co-founder, Okta. “As we address Okta’s footprint, we will also look to collaborate with our customers, partners, and communities to drive even more change. We all need to act with the urgency our planet demands.”

In recognition of the imperative of climate action and the important role businesses must play in addressing the planet’s urgent needs, along with Okta’s aim to achieve 100% renewable electricity for its global real estate footprint by 2022, the company is committing to the following:

  • Transparency on its strategic approach. The company will prioritize understanding its impacts via its GHG emissions inventory, developing a plan to reduce emissions, setting targets, and reporting progress. As the identity company that stands for trust, Okta will remain accountable to its commitment, reporting to the CDP (Carbon Disclosure Project). It will continue to report progress on our public Social and Environmental webpage.
  • Prioritizing energy efficiency and renewable energy as Okta grows. As Okta continues to expand rapidly, all new offices will be LEED Silver and WELL Silver certified. The company recognizes its potential influence to reduce emissions arising from its workplace footprint. It will consider both energy efficiency and the wellness of its employees in its siting and operational decisions. Okta will seek opportunities to purchase renewable energy from within the local grid, where possible. As Okta evaluates real estate locations and continues discussions with existing landlords, there will be an emphasis on sustainability initiatives and the desire to invest in renewable energy.
  • Collaborating through leading coalitions. Okta has joined the Renewable Energy Buyers Alliance, an alliance of NGOs, and clean energy buyers and providers pioneering the transition to a cleaner, prosperous, zero-carbon energy future, to work together on climate action; and Business Council on Climate Change (also known as BC3), a San Francisco-based multi-sector partnership dedicated to incubating, scaling, and sharing world-leading solutions to address climate change.
  • Pioneering Dynamic Work and engaging Okta employees. With Okta’s creation and implementation of its innovative Dynamic Work framework, the company will provide employees with information on energy efficiency and renewable energy options wherever they choose to work.
  • Addressing climate justice. To recognize that climate change disproportionately impacts communities of color and build upon our commitments to racial justice and equity Okta for Good has made an initial grant to GRID Alternatives. GRID Alternatives is a non-profit on a mission to build community-powered solutions to advance economic and environmental justice through renewable energy. With this investment, the organization will install solar energy in five single-family homes in the Bay Area, specifically in low-income communities.

Building on Okta’s investments in sustainability

Okta continues to do its part to address climate change. In FY21, Okta purchased renewable energy certificates (RECs) equivalent to 100% of its North American office electricity consumption. Okta purchased RECs from the California Bright Schools solar program, which helps to realize the most cost-effective energy-saving opportunities, supports renewable energy education and the installation of solar on schools across the state, and provides an additional revenue stream to support school district operations. Okta’s support of California Bright Schools is consistent with its approach to embark on projects with both positive environmental and social impacts.

Also, Okta released the results of its emissions inventory, which revealed the majority of its current emissions are from sources including cloud services, data centers, and business travel. Okta employs third-party cloud infrastructure to host our digital products and services and does not own or operate any colocation data centers. Its cloud storage provider currently sources more than 50% renewable energy and has publicly committed to increasing this to 100% by 2025. Okta’s next phase of climate work will explore how to reduce emissions in these areas.

Okta launched its environmental, social and governance (ESG) program in May 2020. The ESG and Sustainability program is under the oversight of the Board of Directors’ Nominating and Corporate Governance Committee. It is led by a cross-functional ESG Committee and subject-matter experts. Okta also recently hired a full-time ESG and Sustainability Director.

To learn more about this announcement and all of Okta’s innovations, register and participate in our completely free, virtual conference by visiting Oktane21.com.

About Okta

Okta is the leading independent identity provider. The Okta Identity Cloud enables organizations to securely connect the right people to the right technologies at the right time. With more than 7,000 pre-built integrations to applications and infrastructure providers, Okta provides simple and secure access to people and organizations everywhere, giving them the confidence to reach their full potential. More than 10,000 organizations, including JetBlue, Nordstrom, Siemens, Slack, T-Mobile, Takeda, Teach for America, and Twilio, trust Okta to help protect the identities of their workforces and customers.


Contacts

Lindsay Life
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WEST SIMSBURY, Conn.--(BUSINESS WIRE)--Eyelit Corp., a manufacturing software provider for visibility, control, and coordination of manufacturing operations announced today that Raytheon Technologies Corporation, a Global 500 leader, has completed the deployment of the Eyelit MES™ suite at one of its manufacturing sites.


Raytheon conducted a thorough evaluation of enterprise MES solutions and chose Eyelit to replace its legacy MES. The migration to Eyelit’s advanced manufacturing suite expanded the scope of their execution controls. Eyelit modules deployed into production span a wide spectrum of functionality in addition to MES: including data collection with Statistical Process Control (SPC), Eyelit’s Quality Management System (QMS), Operator Certification, Asset Management, Operational Data Store (ODS) and Reporting software. An important consideration was Eyelit’s proven track record in migrating companies from legacy MES systems.

“Raytheon’s migration to the Eyelit MES suite is another case in point for companies looking to modernize their MES solutions. Eyelit has successfully migrated several companies from mission critical legacy MES solutions,” stated Dan Estrada, Vice-President of Sales and Marketing, Eyelit.

About Eyelit Inc. (www.eyelit.com)

Eyelit Inc. is the leader in Manufacturing Execution and Quality Management (MES and QMS) solutions for visibility, control, and coordination of manufacturing operations for the aerospace & defense, electronics, life sciences, medical device, semiconductor, and solar industries. Eyelit uniquely delivers a broad set of manufacturing solutions, including Asset Management (Semi E10, SEMI PV2-0709), Dispatching, Factory Integration (Automation), Manufacturing Execution (MES/MOM), Recipe Management, Supply Chain Management, Quality Management (CAPA/OCAP/SPC/APC/RMA), and Business Process Management, that enable its customers to rapidly and cost-effectively optimize production and company processes.

With exceptional customer service, Eyelit has time and again proven that superior, innovative technology can increase efficiency and value. More than 50 leading companies, including austriamicrosystems, CEA-Leti, eMagin, Enovix, Innovative Micro Technology (IMT), LFoundry, Murata Electronics Oy, Northrop Grumman Corporation, NXP Semiconductors, PerkinElmer, Raytheon Technologies, Skyworks Solutions, TowerJazz, and multiple global 50 companies rely on Eyelit as a trusted software partner. Follow Eyelit on LinkedIn and Twitter.


Contacts

Kiran Chattha, Eyelit Inc., +1-905-502-6184, This email address is being protected from spambots. You need JavaScript enabled to view it.

BLACKWOOD, N.J.--(BUSINESS WIRE)--#renewables--On March 17th, Vision Solar, which is one of the leaders in Residential Solar Panel Installations, found their “purple unicorn,” and announced Greg Young as their new Chief Information Officer.


Young is a candidate with a profile that possesses the skills and experiences that are rare. Vision Solar with its forward-thinking digital transformation and innovative trajectory, is happy to have Young join their diverse leadership team.

Greg Young has over 20 years of professional experience within the Information Technology Industry. Prior to joining Vision Solar, Greg Young served as Chief Information Officer and Global Vice President for Hardinge Inc. It was here that Young created a proven successful record in integrating scalable technology solutions. His experiences have given him the ability to continuously deliver value by driving organizations to break through operational and performance success.

“I'm very excited to join Vision Solar during this time of exponential growth. I look forward to helping the company grow through innovation,” Young stated.

Young’s goal in his new position is to lead Vision Solar's digital transformation journey by delivering cutting-edge and scalable solutions that drive business results, and provide a competitive edge that differentiates us within Renewables space, in all of our current and future locations, nationwide.

About Vision Solar

Vision Solar is one of the fastest growing solar energy companies in the United States. Their full-service renewable energy company installs solar services for residential homes in Pennsylvania, Arizona, New Jersey, Massachusetts and Florida. Over the past three years, Vision Solar has grossed over $100 million in revenue, with significant increase in projected growth to produce 1000+ high-quality Green Jobs by 2022. To learn more, visit: https://visionsolar.llc


Contacts

John Czelusniak,
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DEERFIELD BEACH, Fla.--(BUSINESS WIRE)--Capstone Companies, Inc. (OTC: CAPC) (“Capstone” or the “Company”), a designer, manufacturer and marketer of consumer inspired products that simplify daily living through technology, raised $1.498 million in a private equity placement of restricted common stock among five accredited investors, including four private equity funds.


Stewart Wallach, Capstone’s Chairman and CEO, commented, “As our e-commerce business model necessitates on hand inventories to meet consumer expectations of 1–2-day deliveries, I am pleased that we were able to raise the necessary funds to support this program while avoiding costly debt as a solution to our immediate funding needs.”

Wallach added, “We are fortunate to have aligned with institutional investors that understand and support our looking forward vision for our new critical product line.”

Capstone sold a total of 2,496,667 shares of its common stock in the private offering. Littlebanc Advisors, LLC, through Wilmington Capital Securities, LLC acted as the sole selling agent for the private placement.

About Capstone Companies, Inc.

Capstone Companies, Inc. is a public holding company that engages, through its wholly owned subsidiaries, Capstone Industries, Inc., Capstone Lighting Technologies, LLC, and Capstone International HK, Ltd., in the development, manufacturing and marketing of consumer products to retail channels throughout North America and certain international markets.

Visit our websites; www.capstonecompaniesinc.com for more information about the Company and www.capstoneindustries.com and www.capstoneconnected.com for information on our current product offerings. Contents of referenced URL’s are not incorporated herein.

About Littlebanc

Littlebanc is a private equity firm that invests in small, high-quality businesses in old-world, simple, and enduring industries. Littlebanc invests the firm's own capital along with capital from select Limited Partners ("LPs") and takes an active approach with its portfolio companies to assist them in realizing their potential. Littlebanc's LPs are predominantly seasoned finance professionals that are drawn to the firm due to their ability to select only the investments that they want to participate in, position size each investment, and the collective expertise of the broader LP base, which can add considerable value to each portfolio company.

About Wilmington Capital Securities, LLC

Wilmington Capital Securities, LLC is a broker-dealer and investment adviser registered with the U.S. Securities and Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC).

Forward Looking Statements. This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, included in this press release regarding strategy, future operations and plans, including assumptions underlying such statements, are forward-looking statements, and should not be relied upon as representing Company’s views as of any subsequent date. Such forward-looking statements are based on information available to the Company as of the date of this press release and involve a number of risks and uncertainties, some beyond the Company’s control or ability to foresee, that could cause actual results to differ materially from those anticipated by these forward-looking statements, including, including the impact of Coronavirus/COVID-19 pandemic on the Smart Mirror product line, any difficulty in marketing Company products in its target markets, competition in the market, and impact of evolving technologies in Smart Mirrors on Company’s prospects and products. With declining revenues from Company’s matured LED product line, the success of the new Smart Mirror product line is critical to the sustainability of the Company through 2021. Consumer acceptance of and orders for the new Smart Mirror product line are uncertain as of the date of this press release. The above referenced investment merely funds an initial estimated inventory need in advance of any actual sales. Additional information that could lead to material changes in Company’s performance is contained in its filings with the Securities and Exchange Commission. Company is under no obligation to, and expressly disclaims any responsibility to, update or alter forward-looking statements contained in this release, whether as a result of current information, future events or otherwise. Any investment in the Company’s common stock, which is a “penny stock,” is highly risky and not suitable for investors who require liquidity and are unable to withstand the loss of their investment. Investors should only rely on public information in our filings with the SEC, especially disclosures of Risk Factors, as a basis for investment decisions about Company common stock. Company’s SEC filings can be accessed through SEC website: www.sec.gov or the corporate website listed below.


Contacts

Aimee C. Brown
Corporate Secretary
(954) 252-3440, ext. 313

Glickman Joins from Bain & Company and is a Recognized Energy Industry Expert with Deep Strategic Experience

Appointment is Eighth Leadership Addition Since January to Help Revamp Senior Team

SAN FRANCISCO--(BUSINESS WIRE)--Pacific Gas and Electric Company (PG&E) today announced the appointment of Jason Glickman as Executive Vice President, Engineering, Planning, and Strategy, effective May 3, 2021. Mr. Glickman will report to Patti Poppe, Chief Executive Officer of PG&E Corporation.



“I am thrilled to welcome Jason to PG&E. He is a seasoned and strategic industry thought leader with an impressive track record of helping energy companies meet their goals and achieve large-scale transformations,” said Ms. Poppe. “He understands our industry inside and out and has what it takes to move an investor-owned utility toward a more resilient, safe, sustainable and affordable energy future. I am confident that Jason’s expertise, vision and leadership will help us continue to strengthen PG&E for our customers and communities.”

In this newly created role, Mr. Glickman will oversee the utility’s near-term priorities and long-term planning. This will include oversight of PG&E’s utility assets, including the gas system and electric infrastructure.

“Having spent the last 20 years living, working and raising a family in Northern California, I see enormous opportunities to rethink and rebuild our energy infrastructure and transportation systems to help the state achieve its bold clean energy goals and combat the changing climate. I’m honored to join PG&E and this new leadership team that’s focused on delivering safe, reliable and clean energy to the 16 million people we are fortunate to serve every day,” said Mr. Glickman.

Mr. Glickman brings industry expertise and extensive strategic experience to PG&E. He currently serves as a Partner and the Global Head of Utilities and Renewables at Bain & Company and resides in Oakland, CA. He became a Partner in 2014 and the Global Head of Utilities and Renewables in March 2020. At Bain, his clients have included major investor-owned utilities and other industry leaders, with which he has worked closely over sustained periods of time to deliver measurable results. His work has focused on advising leading energy companies on strategy and sustainability, as well as affordability and digital transformation. He has designed and implemented comprehensive long-term plans that encompass asset strategy, engineering and operations, and he has led several multi-year enterprise affordability programs to benefit customers.

Prior to becoming a Partner at Bain, Mr. Glickman served as a consultant there from 2007 to 2014. Prior to that, Mr. Glickman served as a Principal at EY – Parthenon (formerly The Parthenon Group) from 2002 to 2007. He holds a BS and an MS in Management Science & Engineering from Stanford University.

Since Ms. Poppe began as the company’s new CEO in January 2021, PG&E has bolstered its leadership team with eight new senior executive hires with significant energy, transformation, operations and safety experience.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.


Contacts

MEDIA RELATIONS:
415-973-5930

Company Committed to Making Things Right for Those Impacted

SAN FRANCISCO--(BUSINESS WIRE)--PG&E Corporation (NYSE: PCG) shared the following statements today in regard to criminal charges filed by the Sonoma County District Attorney’s office related to the October 2019 Kincade Fire.

“We are saddened by the property losses and personal impacts sustained by our customers and communities in Sonoma County and surrounding areas as a result of the October 2019 Kincade Fire, and recognize the courageous efforts and sacrifices of the first responders who worked to contain the fire and those who were injured. We are grateful that there was no loss of life.

In the spirit of working to do what’s right for the victims, we will accept CAL FIRE’s finding that a PG&E transmission line caused the fire, even though we have not had access to the agency’s report or the evidence it gathered.

However, we do not believe there was any crime here. We remain committed to making it right for all those impacted and working to further reduce wildfire risk on our system.”

PG&E Corporation Chief Executive Officer Patti Poppe added the following, “I came to PG&E in January to ensure that we care for all those who were harmed, and that we make it safe again in California. We will work around the clock until that is true for all people we are privileged to serve.”

Details about PG&E’s efforts to further reduce the growing wildfire risk, harden its systems, and use new technologies to help keep its communities safe can be found in the company’s 2021 Wildfire Mitigation Plan.

About PG&E Corporation

PG&E Corporation (NYSE: PCG) is the parent company of Pacific Gas and Electric Company, a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pgecorp.com.


Contacts

MEDIA RELATIONS:
415-973-5930

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