BOISE, Idaho--(BUSINESS WIRE)--IDACORP, Inc. (NYSE:IDA) will report its first quarter results on Thursday, April 29, in a news release before the stock markets open. The company will hold an analyst conference call that day at 2:30 p.m. Mountain Time (4:30 p.m. Eastern Time) to discuss the first quarter 2021 earnings.

All parties interested in listening may do so through a live Webcast or by calling (833) 759-1159 for listen-only mode. The passcode for the call is 5178488. The conference call logistics are posted on the company’s Website (www.idacorpinc.com) and will be included in the company’s earnings news release. Slides will be included during the conference call. To access the slide deck, register for the event just prior to the call at https://www.idacorpinc.com/investor-relations/earnings-center/default.aspx. A replay of the conference call will be available on the company’s website for a period of 12 months and will be available shortly after the call.

IDACORP, Inc., Boise, Idaho-based and formed in 1998, is a holding company comprised of Idaho Power Company, a regulated electric utility; IDACORP Financial, a holder of affordable housing projects and other real estate investments; and Ida-West Energy, an operator of small hydroelectric generation projects that satisfy the requirements of the Public Utility Regulatory Policies Act of 1978. Idaho Power began operations in 1916 and employs approximately 2,000 people to serve a 24,000 square-mile service area in southern Idaho and eastern Oregon. Idaho Power's goal of 100% clean energy by 2045 builds on its long history as a clean-energy leader providing reliable service at affordable prices. With 17 low-cost hydropower projects at the core of its diverse energy mix, Idaho Power’s more than 580,000 residential, business, and agricultural customers pay among the nation’s lowest prices for electricity. To learn more about IDACORP or Idaho Power, visit www.idacorpinc.com or www.idahopower.com.

Justin S. Forsberg
Director of Investor Relations & Treasury
Phone: (208) 388-2728
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To Extend Mobility Digital Twins for Dynamic Multimodal Simulation

EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced the acquisition of INRO Software, a global leader in multimodal transportation planning, traffic simulation, and mobility visualization software. The acquisition expands Bentley’s capabilities in the important growth area of mobility digital twins, just as countries including the U.S. are poised to make a generational investment in infrastructure, and as transportation systems must evolve faster to accommodate both urbanization and carbon reduction goals, and the transition to electric and autonomous vehicles.

INRO, based in Montreal, Quebec, Canada, has for more than 40 years contributed to the advancement of mobility simulation and modeling for metropolitan, regional, and national transport and transit operators and planning agencies. Users of its multimodal simulation offerings include some of the world’s busiest transit systems and metros, such as Transport for London, Transport for New South Wales, the Washington State Department of Transportation, the Swedish Transport Administration Trafikverket, and the public transport system of São Paulo SPTrans.

INRO’s products include Emme, a multimodal transportation planning system for urban, regional, and national transportation forecasting; Dynameq, a vehicle-based traffic simulation platform for city-wide traffic planning; and CityPhi, a mobility visualization solution providing data visualization and visual analytics of large-scale mobility and geospatial datasets.

Combining the capabilities of INRO’s advanced traffic and vehicle simulation with Bentley’s passenger and pedestrian simulation and civil design software, including CUBE, Streetlytics, LEGION, and OpenRoads, places Bentley in a very strong position to deliver comprehensive mobility digital twins of multimodal transportation systems at urban, metropolitan, regional, and national scale.

Advancing Mobility Digital Twins

Urban planners are seeking to understand the ongoing impacts—on transportation system performance, reliability, and accessibility—of the new opportunities and challenges of private and shared mobility, the propensity for cycling or walking, connected autonomous vehicles, and potential congestion charging. With respect to their traditionally circumscribed use of transportation modeling tools in isolation and only on occasion, multiple advantages are now attainable through mobility digital twins, which can be continuously updated with as-operated engineering conditions and with observed traffic data. Mobility digital twins bring these functions together so that infrastructure planning and simulations can be continuously valuable throughout engineering, construction, and operations.

The pandemic experience reinforces the resilience value of sustaining “evergreen” planning and engineering modeling and simulation to maintain fitness for purpose during unanticipated eventualities. With the priority now on “building back better,” it is increasingly recognized that the most economical way to augment infrastructure capacity, while accomplishing the needed energy transitions toward climate sustainability, is to optimize the utilization, configuration, and life extension of existing mobility assets, while adding integrated and appealing public transit options.

This requirement now sets the stage for mobility digital twins that need to be multimodal, need detailed dynamic traffic assignment and agent-based methods for veracity, and need to scale up to systemwide and regionwide—uniquely hallmarks of INRO. As the leader in infrastructure digital twins, Bentley’s iTwin platform can now bring together—with the best-validated aggregate and individual vehicle and pedestrian simulation—3D/4D continuous surveying and reality modeling, civil engineering and project delivery, and asset and network performance. Ultimately, the opportunity for digital cities is to save their constituents time in their day, while at the same time improving congestion and climate resilience, and safety.

“We are very pleased to welcome INRO to Bentley Systems,” said Robert Mankowski, senior vice president, digital cities, Bentley Systems. “Professor Michael Florian and his team led the research of advanced multimodal network modeling methods which helped establish state-of-the-art mobility simulation, and in this next generation his son Dan is leading its software future in our mobility digital twin advancement. With the addition of INRO and its world-class team, Bentley Systems can even better accelerate cities and regions in going digital to ‘build back better’!”

Dr. Michael Florian, founder of INRO, said, “Bentley is a recognized leader in transportation across the infrastructure lifecycle from planning and design to heavy civil construction and road network management. My colleagues and I are very excited to join Bentley and to help realize the vision shared by thousands of cities and urban regions throughout the world to improve their sustainability and quality of life.”

Image 1: Emme

Caption: Image produced with Emme (www.inrosoftware.com/emme) using data from Metro (https://www.oregonmetro.gov/)

Image 2: Dynameq

Caption: Image produced with Dynameq (www.inrosoftware.com/dynameq) using data from SFCTA (https://www.sfcta.org/)

Image 3: CityPhi

Caption: Image produced with CityPhi (www.inrosoftware.com/cityphi) using data from http://www.andresmh.com/nyctaxitrips/

Image 4: INRO Products

Caption: INRO is a global leader in multimodal transportation planning, traffic simulation, and mobility visualization software

Video: Seattle synthetic travel demand model

Caption: Illustration of ~20 million activities completed over the course of a day by 3.6 million people from a synthesized travel demand model of the Seattle metropolitan region. Activities are shown as time-animated vertical extrusions of population movements colored by purpose. The heads-up display summarizes the visible population by current activity. Video prepared by INRO using CityPhi (www.inrosoftware.com/cityphi). More information on source data, provided by PSRC, is available at https://www.psrc.org/activity-based-travel-model-soundcast.

About Bentley Systems

Bentley Systems (Nasdaq: BSY) is the infrastructure engineering software company. We provide innovative software to advance the world’s infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, for the design, construction, and operations of roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, and industrial facilities. Our offerings include MicroStation-based applications for modeling and simulation, ProjectWise for project delivery, AssetWise for asset and network performance, and the iTwin platform for infrastructure digital twins. Bentley Systems employs more than 4,000 colleagues and generates annualized revenues of more than $800 million in 172 countries. www.bentley.com

© 2021 Bentley, the Bentley logo, AssetWise, CUBE, INRO, Emme, Dynameq, CityPhi, iTwin, LEGION, MicroStation, OpenRoads, ProjectWise, and Streetlytics are either registered or unregistered trademarks or service marks of Bentley Systems, Incorporated or one of its direct or indirect wholly owned subsidiaries. All other brands and product names are trademarks of their respective owners.

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The IPP developer, owner, and operator seeks to grow its portfolio through the acquisition of development, operating renewable, and storage assets throughout the US.

PHILADELPHIA--(BUSINESS WIRE)--Global Energy Generation LLC, a developer and operator of clean energy generation assets, welcomes Ignacio Ibarguren as VP, M&A and Finance.

Ignacio was previously Sr. Director, Business Development at Tyr Energy, Inc (“Tyr”). Ignacio has 15+ years’ experience in the global power business having held a variety of positions ranging from Treasury, Asset Management, Power Origination and M&A. At Tyr, Ignacio was deal lead for cash and tax equity transactions, pursued Tyr’s expansion into Latin America, and was asset manager for several gas fired assets in CAISO and PJM. Ignacio holds a Licentiate in Economics from Universidad de Córdoba (Argentina), an MBA with a concentration in Finance from the University of Kansas and is a CFA Charter Holder.

“Mr. Ibarguren’s role as a leader in our organization assures that our focus on growth continues to identify only the best opportunities. From asset management to operations, our experienced team can rely on Ignacio for excellence. Over the coming months we will be deploying some of the biggest renewable assets in America.,” – Nick Cohen, President & CEO.

Ignacio will be responsible for growing Global Energy Generation’s development and operating asset portfolio and leading other major commercial efforts. Global Energy Generation’s portfolio comprises of over three (3) gigawatts of projects under development, mostly in the Mid-Atlantic and Midwest regions.

“Global Energy Generation LLC, a member of the Doral Group, follows the same success model that propelled Doral Group into a renewable energy leader both in Israel and abroad. We aim to hire the best people and execute with a long-range owner view.” – Yaki Noyman, CEO, Doral Group

Global Energy Generation LLC

The Company combines the advanced engineering, development and operating experience of Doral Group with a team of US-based renewable energy & battery storage project developers, leveraging extensive experience throughout the U.S.

Doral Group is a publicly traded (TASE) leading international developer and owner-operator of over 400 energy facilities globally. The GEG management team has over 100 years in combined experience with transactional histories and deep relationships with infrastructure funds, investment banks, tax equity investors and energy industry experts.

GEG has initiated over three gigawatts (dc) of renewables projects in the US, primarily in the Mid-Atlantic and Midwest regions, and continues to add world-class projects to its portfolio every year.

Nick Cohen
President
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570-840-5835
www.gegrenewables.com

Landmark projects awarded across the LNG terminals and gas logistics, petrochemical, and refinery sectors in the Philippines, India, USA and beyond

MANILA, Philippines--(BUSINESS WIRE)--Atlantic Gulf & Pacific Company (AG&P) and its subsidiaries are entering the second quarter of 2021 with a record backlog of contracted projects totaling over US$770 million covering various landmark initiatives in the Philippines, India, the US and elsewhere. The backlog includes work on behalf of five land or marine LNG terminals, a petrochemical complex, modularized oil refinery, an edible oil depot, a new LNG bunkering vessel and engineering for other maritime LNG applications. AG&P is also expected to secure additional projects in the LNG and power sectors within this year.

“AG&P’s Construction Business is forecast to have its best year in its 121-year history, with contracted backlog already over US$770 million spread over 3 years. It is a ground-breaking year for AG&P as it participates in critical infrastructure projects particularly in Asia-Pacific, that will accelerate commercial development, create jobs, clean air and trigger overall economic and social progress,” said Augusto Gan, Chairman, AG&P.

“AG&P is composed of experienced, multi-cultural leaders and a highly-skilled, well-trained workforce that has transformed AG&P from a world-class modular and site construction firm that mainly caters to the energy sector, into a cutting-edge, high-technology global EPC (Engineering Procurement & Construction) company specialized in various LNG infrastructure solutions ranging from LNG bunkering, transport, storage, regasification and distribution,” said Alexander Gamboa, SVP, Business Development, AG&P Construction.

Recently, AG&P was issued the Notice to Proceed (NTP) by the Philippines Department of Energy (DOE) for the development of its LNG import and regasification terminal on Batangas Bay called Philippines LNG (PLNG). PLNG will store LNG and dispatch natural gas to power plant, industrial and commercial customers and other consumers, opening up a new era for the country of clean, efficient fuel and doing its part for the Philippines to compete for and win investment and jobs in the years and decades to come.

AG&P owns and operates a 100-hectare, large-capacity, state-of-the-art heavy fabrication and assembly yard located on Batangas Bay, Philippines, with direct, open water access that allows AG&P to pre-fabricate, manufacture and assemble heavy, large, complex and dense process units and modules, pipe-racks, various pre-assembled structures for plant, building and marine applications, as well as fully commissioned, mission-ready, blast-proof e-houses and electrical & instrumentation control rooms, among others.

About AG&P

Atlantic Gulf & Pacific (AG&P) is a global leader in developing and running LNG and gas logistics and distribution solutions. AG&P delivers LNG and gas to a variety of end-customers. We act as an owner and as a service provider covering engineering, project management, construction and development for onshore and offshore gas infrastructure, linking suppliers to downstream customers. AG&P is part-owned by Osaka Gas and JBIC of Japan.

www.agpglobal.com

For more information, please contact:
AG&P
Anupam Ahuja
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M: +63 (998) 966 5444

Company adds water and wastewater customers in Washington, Idaho and Texas

PORTLAND, Ore.--(BUSINESS WIRE)--NW Natural Water Company, LLC (NW Natural Water), a wholly-owned subsidiary of Northwest Natural Holding Company (NYSE:NWN) (NW Natural Holdings), recently completed two acquisitions and signed three additional agreements to acquire utilities near its existing service territories, furthering the company’s growth strategy in the water utility sector.

Closed acquisitions include Morning View Water Company in the Idaho Falls area and Del Bay Association in Freeland, Washington. In addition, NW Natural Water subsidiaries have executed the following acquisition agreements: Troy Hoffman Water Corporation in northern Idaho; Belle Oaks Water & Sewer Co. in southeast Texas; and Pelican Point Water Co. in Washington.

The recent and pending acquisitions reflect the continued traction of NW Natural Water’s growth strategy, and the company’s success in expanding its presence around the communities it serves.

“We’re excited to see NW Natural Water expand and grow across our service footprint through these tuck-in acquisitions. It demonstrates the value we can bring to the sector and the strength of our business and community relationships,” said Justin Palfreyman, NW Natural Water’s president. “We’re pleased to welcome these new customers into our family and provide them with clean, safe and reliable water and wastewater services. We look forward to enhancing customer service and investing in these communities for the future.”

When these acquisitions close, NW Natural Water will serve approximately 65,000 people through over 27,000 connections and is expected to have invested approximately $111 million in the water sector cumulatively.

“I’m pleased with our acquisition progress and our proven ability to operate these systems safely and reliably,” said David H. Anderson, NW Natural Holding’s president and CEO. “I look forward to continuing to actively pursue growth opportunities across the United States. As a result of our focus and efforts to date, NW Natural Water is well positioned for future growth.”

NW Natural Water remains focused on disciplined growth through acquisitions. In addition, NW Natural Water can provide utility services to new developments, master-planned communities, and other water and wastewater projects.

About NW Natural Holdings

Northwest Natural Holding Company, (NYSE: NWN) (NW Natural Holdings), is headquartered in Portland, Oregon and has been doing business for over 160 years in the Pacific Northwest. It owns NW Natural Gas Company (NW Natural), NW Natural Water Company (NW Natural Water), and other business interests.

NW Natural is a local distribution company that currently provides natural gas service to approximately 2.5 million people in more than 140 communities through more than 770,000 meters in Oregon and Southwest Washington with one of the most modern pipeline systems in the nation. NW Natural consistently leads the industry with high J.D. Power & Associates customer satisfaction scores. NW Natural owns and operates 20 Bcf of underground gas storage capacity in Oregon.

NW Natural Water currently provides water distribution and wastewater services to communities throughout the Pacific Northwest and Texas. After pending acquisitions close, NW Natural Water will serve approximately 65,000 people through approximately 27,000 connections. Learn more about our water business at nwnaturalwater.com.

Additional information is available at nwnaturalholdings.com.

FORWARD LOOKING STATEMENTS

This report, and other presentations made by NW Natural Holdings from time to time, may contain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "anticipates," "intends," "plans," "seeks," "believes," "estimates," "expects" and similar references to future periods. Examples of forward-looking statements include, but are not limited to, statements regarding the following: plans, objectives, goals, strategies, assumptions, estimates, expectations, expenses, future events, water and wastewater investments, system modernization, reliability, service territory, customer and business growth, customer satisfaction ratings, customer rates or rate recovery, the water utility growth strategy and priorities, acquisitions and the completion, integration, and effects thereof, the likelihood, timing, and success associated with any transaction, financial results, accretion or financial projections, strategic fit, revenues and earnings, performance, timing or effects of future regulatory proceedings or future regulatory approvals, and other statements that are other than statements of historical facts.

Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by the forward-looking statements. We caution you therefore against relying on any of these forward-looking statements. They are neither statements of historical fact nor guarantees or assurances of future performance. Important factors that could cause actual results to differ materially from those in the forward-looking statements are discussed by reference to the factors described in Part I, Item 1A "Risk Factors," and Part II, Item 7 and Item 7A "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Quantitative and Qualitative Disclosure about Market Risk" in NW Natural Holdings’ most recent Annual Report on Form 10-K, as updated by subsequent filed reports, and in Part I, Items 2 and 3 "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Quantitative and Qualitative Disclosures About Market Risk," and Part II, Item 1A, "Risk Factors," in such company's quarterly reports filed thereafter.

All forward-looking statements made in this report and all subsequent forward-looking statements, whether written or oral and whether made by or on behalf of NW Natural Holdings, are expressly qualified by these cautionary statements. Any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

New factors emerge from time to time and it is not possible for the company to predict all such factors, nor can it assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statements.

Business Development Contact: Dave Gioia, 503-610-7366, This email address is being protected from spambots. You need JavaScript enabled to view it.
Investor Contact: Nikki Sparley, 503-721-2530, This email address is being protected from spambots. You need JavaScript enabled to view it.

Jeremy Low Joins as Head of European Oil & Gas to Lead New Team

LONDON--(BUSINESS WIRE)--Houlihan Lokey (NYSE:HLI), the global investment bank, announced today the launch of its European oil and gas sector coverage with the hire of an experienced, market-leading team from BMO Capital Markets. Jeremy Low, formerly Co-Head of Investment Banking and Head of Energy EMEA at BMO Capital Markets, joins the firm as a Managing Director and Head of European Oil & Gas. Mr. Low and the team are based in London. With this addition, Houlihan Lokey’s Oil & Gas Group now has more than 70 dedicated professionals globally advising clients on M&A, corporate finance, capital raising, and recapitalization assignments.

“We are very happy to be adding this highly talented team that has advised on over $20 billion of M&A acquisitions and divestitures and helped raise over $3.8 billion in debt and equity capital over the past four years to drive our business in Europe,” said J.P. Hanson, Head of the Oil & Gas Group. “Jeremy and his team are extremely well respected and bring a proven track record of success. Due to their deep relationships and wealth of experience, they have achieved outstanding results for their clients—which is a key element of our corporate culture at Houlihan Lokey.”

Jeremy Low joins with more than 26 years’ experience in the energy industry, having started his career at Royal Dutch Shell in 1995. Before joining BMO in 2016, he spent seven years in RBC’s oil and gas sector team, prior to which he spent four years on Deutsche Bank’s oil and gas team and five years covering oil and gas with Lehman Brothers. He began his investment banking career at Dresdner Kleinwort Benson in 1997 after working for Shell International as a Commercial Manager. Mr. Low holds a BA (Hons) in Classics from Durham University.

Tom Hughes, Director, spent four years as a senior member of BMO Capital Markets’ energy investment banking team in EMEA, having spent six years at RBC Capital Markets previously covering natural resources and oil and gas. He holds an MSc and a BA (Hons) in Accounting and Finance from the University of Exeter.

Thomas Wheeler, Vice President, also spent four years at BMO, having joined in 2017 from Ophir Energy, where he spent three years as a Commercial Analyst for Global New Ventures in London and on secondment in Africa. He holds an MSc in Management from University College London and a BA (Hons) in History and Politics from the University of Sheffield.

Raffaello Avakov, Associate, joined the BMO team in 2018, having spent a year as an Analyst in M&A advisory with ING Bank. He holds a BSc (Hons) in Economics from University College London.

Over the past six years, the firm has grown its European Corporate Finance business through a series of acquisitions and strategic hires. Further to the recent establishment of the healthcare sector team, Houlihan Lokey now covers seven industry sectors in Europe, including consumer, food, and retail; business services; data and analytics; financial institutions; healthcare; industrials; and oil and gas.

“These are exciting times for our Corporate Finance business in Europe as we launch our second new sector team in a week. Under the leadership of Andrew Adams, Shaun Browne, and Matteo Manfredi, the business has terrific momentum, and we plan to continue expanding across the region to build on this success,” commented Scott Adelson, Co-President of Houlihan Lokey.

“The opportunity to join Houlihan Lokey, given the breadth of capabilities across the firm and the strength of the growing global Oil & Gas Group, is hugely compelling. The firm is a recognised market leader in M&A, corporate finance, valuation, and financial restructuring, and we look forward to working with so many talented colleagues to develop this new regional sector coverage,” said Mr. Low.

Houlihan Lokey’s Energy Group provides superior service and achieves outstanding results for its clients in M&A and A&D advisory, capital raising, and restructuring as well as financial and board advisory services. The group employs a dedicated subsector-specific model to cover the entire energy spectrum, with experienced senior-level bankers dedicated to each sector coverage area across eight energy sectors.

About Houlihan Lokey

Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and valuation. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, the Middle East, and the Asia-Pacific region. Independent advice and intellectual rigor are hallmarks of the firm’s commitment to client success across its advisory services. Houlihan Lokey is the No. 1 M&A advisor for the past six consecutive years in the U.S., the No. 1 global restructuring advisor for the past seven consecutive years, and the No. 1 global M&A fairness opinion advisor over the past 20 years, all based on number of transactions and according to data provided by Refinitiv.

Investor Relations
212.331.8225
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Media Relations
Richard Creswell
+44 (0) 20 7747 1480
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HOUSTON--(BUSINESS WIRE)--Sawtooth Caverns, LLC (“Sawtooth” or “Company”) announced today that it has completed an expansion allowing it to receive, store and return refined products by truck. The conversion of a salt cavern to refined products storage, along with the construction of new truck rack infrastructure is a milestone achievement for the Company. The new rack offers fully automated truck bays with high speed offloading into its salt caverns and reloading of trucks from the same bays. Sawtooth is located in Delta UT, which is 130 miles south of Salt Lake City UT, and 320 miles north of Las Vegas NV, which puts it in the ideal position to provide storage services for both markets by truck.

“Sawtooth’s new capabilities allow us to enter a completely new space,” said Dan Myers, CEO. “This is the first step in transforming our terminal from the largest NGL storage facility in the West to the Western Energy Hub of the U.S. Many people don’t realize that the oxygen-free environment of salt caverns allows for long-term storage of gasoline without the chemical decomposition of the product that’s experienced in above-ground tanks. In Europe, gasoline has been stored for up to a decade in salt caverns. Without the requirement to completely rotate the gasoline every few months, this will create opportunities for refiners, wholesalers and traders that have not previously existed in this part of the country.”

Sawtooth currently stores millions of barrels of NGLs and Refinery Feedstocks in its deep-well salt caverns. It’s Central Western location and direct access to Union Pacific rail, as well as the U.S. Highway system, allow it to support all PADD 4 and PADD 5 markets.

For more information on Sawtooth, please see our website at www.SawtoothCaverns.com. For information on refined products or other storage, please contact Roger Pederson at This email address is being protected from spambots. You need JavaScript enabled to view it.. For information on NGL storage, please contact Mark Henson at This email address is being protected from spambots. You need JavaScript enabled to view it..

Sawtooth
Roger Pederson
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NGL storage
Mark Henson
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MUNICH--(BUSINESS WIRE)--#AMFM--VertiGIS, a leading geographic information systems (GIS) solution provider and software developer, announced today the completed acquisition of longstanding development partner KMS Computer GmbH. KMS is an established and trusted computer-aided facility management (CAFM) software specialist based in Dresden, Germany.

VertiGIS is backed by global, technology-based investment firm Battery Ventures, who began acquiring GIS and location technology-focused companies under the brand in 2017.

Best known for the GEBman software suite, KMS has helped municipal, industry, service, and utility companies with their facility- and document management needs since 1990. Their flexible, end-to-end solutions – based upon the latest web technologies and suitable for in-house or mobile use – integrate access and analysis of factual data, documents, and spatial information for plants, real estate, and capital goods.

For the past 15 years, KMS has worked with VertiGIS to bring ProOffice – a process-oriented software solution with optional GIS connectivity for infrastructure workflows, and built upon GEBman technology – to German, Austrian, and Swiss customers. The integration of KMS into VertiGIS ensures that the strategic planning and development of ProOffice and GEBman continue to be closely coordinated.

"After 30 years, it was time for me to hand over the company to the next generation,” explains Konrad Schulze, founder and Managing Director of KMS. “Due to the successful partnership and cooperation that has existed between KMS and VertiGIS for many years, I know we can combine the greatest strengths of both organizations and expect our joint customers to benefit from the expanded expertise and industry-leading know-how we have developed over the years.”

“Previous sales partners have now become colleagues, and we are looking forward to working together as one team.”

Schulze’s son, Sebastian, will transition from CTO at KMS to assume the co-role of Managing Director together with VertiGIS veteran Theodor Meusburger. KMS’s solution will become an integral part of the VertiGIS offering for all customers and business segments and will be further supported in sales and software development by VertiGIS’s global business units and teams.

“We are excited to have an even closer working relationship with our friends and partners at KMS,” adds Holger Schade, CEO of VertiGIS EMEA. “This transaction will drive additional innovation as we extend our technological capabilities to a broader group around the globe.”

“Facility management solutions are a key strength of VertiGIS’, and the shared development plans for ProOffice and GEBman fit perfectly into our product strategy moving forward.”

About VertiGIS:

VertiGIS is a leading geographic information systems (GIS) solution provider and software developer. Its focus is the development of software solutions and services that help utilities, land management, public sector, energy, telecommunications, and industry customers connect their business processes and location technology. The VertiGIS product portfolio is used by thousands of customers and millions of end-users around the world and is designed to enhance the capabilities of leading mapping software, most notably Esri’s ArcGIS®. Major product brands include UT for ArcGIS®, the 3A product line, Geocortex®, GEONIS, ConnectMaster™, M4® Solutions, GeoOffice, WebOffice and ProOffice. Further information can be found at www.vertigis.com

About Battery Ventures:

Battery strives to invest in cutting-edge, category-defining businesses in markets including software and services, Web infrastructure, consumer Internet, mobile and industrial technologies. Founded in 1983, the firm backs companies at stages ranging from seed to private equity and invests globally from offices in Boston, the San Francisco Bay Area, London, Israel and New York. Follow the firm on Twitter @BatteryVentures, visit our website at www.battery.com and find a full list of Battery's portfolio companies here.

About KMS:

KMS is an established and proven provider of computer-aided facility management (CAFM) software based in Dresden, Germany. KMS is known for its GEBman software and has been supporting municipalities, industrial, service and utility companies, among others, with their facility and document management requirements since 1990. The flexible, end-to-end solutions are based on the latest web technologies and are suitable for internal or mobile use. Learn more at www.gebman.com

Sabine Parschau, Communications Manager – VertiGIS EMEA
Website: www.vertigis.com
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.  
Phone: +49 89 839315 240

Holger Schade, CEO – VertiGIS EMEA
Website: www.vertigis.com
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: +49 89 45026 0

Sebastian Schulze, Co-Managing Director – KMS by VertiGIS
Website: www.gebman.com
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Phone: +49 351 31 50 30

Theodor Meusburger, Co-Managing Director – KMS by VertiGIS/Managing Director – VertiGIS Austria
Website: www.vertigis.at
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Phone: +43 5 9908 0

-- Recognized as a pioneer and leader in simulation for the nuclear industry, GSE is a stronghold of industry experts delivering engineering and workforce solutions to increasingly diverse end markets --

COLUMBIA, Md.--(BUSINESS WIRE)--GSE Systems, Inc. (“GSE Solutions” or “GSE” or the “Company”) (Nasdaq: GVP) a leader in advanced engineering and workforce solutions that support, optimize, and decarbonize operations for the power industry, this year celebrates 50 years of service to power generation industries with a new 5-year vision.

2021 marks the 50th anniversary of GSE delivering the first full-scope nuclear power plant simulator to the Rancho Seco Nuclear Generating Station in California. The Company has since delivered over 170 nuclear plant simulators to customers worldwide and extended its solutions to deliver essential engineering services, software products, and workforce solutions.

Over five decades, GSE has continually evolved, focusing on providing ever more innovative and technology-based solutions to customers. The Company is once again moving forward through innovation to target its services to help customers meet decarbonization goals within the power industry. GSE’s new 5-year vision will draw on its deep expertise to advance the mission of decarbonization, broadening its reach beyond zero-carbon nuclear power to natural zero-carbon adjacencies such as hydrogen, wind, utility-scale battery storage and other critical technologies required for a zero-carbon grid.

“Celebrating 50 years is exciting for our employees and customers,” said Kyle Loudermilk, President and CEO of GSE Solutions. "Recent contract announcements reflect the extraordinary skills and unique expertise for which GSE has been known throughout our history. We are proud of our efforts to drive the availability and reliability of clean, abundant, and affordable energy for society, enabling environmental equity as a result. The future looks very bright for GSE and we look forward to supporting our longstanding clients and new customers in the years to come as the nation invests heavily in decarbonizing the grid."

ABOUT GSE SOLUTIONS

We are visionaries, and the solutions we create now will be at the forefront of the power industry. GSE Solutions leverages five decades of proven industry experience to provide unique and essential engineering and workforce solutions, services and products focused on performance optimization, regulatory compliance, simulation, training, and staffing for customers worldwide. As one of the largest independent companies serving the clean energy sector of nuclear power and adjacent industries, our solutions support the future of clean energy production and overall decarbonization initiatives of the power industry. www.gses.com

Media Contact
Sunny DeMattio, GSE Solutions
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P: +1 410.970.7931

Investor Contact
Kalle Ahl, The Equity Group
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DUBLIN--(BUSINESS WIRE)--The "Asia-Pacific Offshore Wind Turbine Market, Forecast to 2025 - Growth Impelled by Innovations in Turbine Capacity & Regulations" report has been added to ResearchAndMarkets.com's offering.

The study offers market size forecasts for each country, the country's preferences and its challenges, and strategic information on what OEMs should invest in and develop.

This study outlines the general outlook for the offshore wind turbine market until 2025; analysis segments, how government plans and regulations drive the market, how geopolitical chaos restrain growth, how competitive intensity is dynamic and is both disrupted and driven by technology, including the transformative Mega Trends across the Asia-Pacific, and the country-level market trend.

The research concludes that the biggest challenge to the market is the lack of commissioning projects in a timely manner. Asia-Pacific can lose projects valued hundreds of billions of dollars, regardless of the market drivers, trends, government plans, or market demands. Executing and commissioning projects have become a far more valuable aspect than mere planning and proposing projects.

The research has identified the following market drivers and restraints:

Market Drivers

1. Government regulations and national project plans driving offshore wind turbine installations
2. Growing power demand pushing for offshore wind power supply
3. Adoption of power purchase agreements (PPAs) influencing power producers to choose renewable energy
4. Price drop in wind turbine prices powering demand

Market Restraints

1. Low affordability and lack of strong supply chain slowing down market adoption
2. Slow adoption of clean energy resources in developing countries hindering offshore wind market growth
3. COVID-19 causing project installation delays

Key Topics Covered:

1. Strategic Imperatives

• Why is it Increasingly Difficult to Grow?
• The Strategic Imperative
• Impact of the Top 3 Strategic Imperatives on the Offshore Wind Turbine Market
• Growth Opportunities Fueling the Growth Pipeline Engine

2. Growth Opportunity Analysis, Offshore Wind Turbine Market

• Offshore Wind Turbine Market - Scope of Analysis
• Offshore Wind Turbine Market Segmentation
• Key Competitors for Offshore Wind Turbine Market
• Key Growth Metrics for Offshore Wind Turbine Market
• Distribution Channels for Offshore Wind Turbine Market
• Growth Drivers for Offshore Wind Turbine Market
• Growth Driver Analysis for Offshore Wind Turbine Market
• Growth Restraints for Offshore Wind Turbine Market
• Growth Restraint Analysis for Offshore Wind Turbine Market
• Forecast Assumptions, Offshore Wind Turbine Market
• Revenue and Installed Capacity Forecast, Offshore Wind Turbine Market
• Installed Capacity Forecast by Country, Offshore Wind Turbine Market
• Revenue Forecast by Product Segment, Offshore Wind Turbine Market
• Revenue Forecast by Country, Offshore Wind Turbine Market
• Revenue Forecast Analysis, Offshore Wind Turbine Market
• Revenue Forecast Analysis by Country, Offshore Wind Turbine Market
• Pricing Trends and Forecast Analysis, Offshore Wind Turbine Market
• Competitive Environment, Offshore Wind Turbine Market
• Revenue Share, Offshore Wind Turbine Market
• Revenue Share Analysis, Offshore Wind Turbine Market

3. Growth Opportunity Analysis, Wind Turbines of Capacity Less Than or Equal to 3 MW

• Key Growth Metrics for Wind Turbines of Capacity Less Than or Equal to 3 MW
• Revenue and Installed Capacity Forecast, Wind Turbines of Capacity Less Than or Equal to 3 MW
• Revenue Forecast by Country, Wind Turbines of Capacity Less Than or Equal to 3 MW
• Installed Capacity Forecast by Country, Wind Turbines of Capacity Less Than or Equal to 3 MW
• Revenue and Installed Capacity Forecast Analysis, Wind Turbines of Capacity Less Than or Equal to 3 MW

4. Growth Opportunity Analysis, Wind Turbines of Capacity More Than 3 MW

• Key Growth Metrics for Wind Turbines of Capacity More Than 3 MW
• Revenue and Installed Capacity Forecast, Wind Turbines of Capacity More Than 3 MW
• Revenue Forecast by Country, Wind Turbines of Capacity More Than 3 MW
• Installed Capacity Forecast by Country, Wind Turbines of Capacity More Than 3 MW
• Revenue and Installed Capacity Forecast Analysis, Wind Turbines of Capacity More Than 3 MW

5. Growth Opportunity Universe, Offshore Wind Turbine Market

• Growth Opportunity 1: Mergers and Acquisitions between Strategic Competitors to Leverage Market Synergies, 2019
• Growth Opportunity 2: Investment in Technological Innovations to Cater to Growing Needs for Smart Wind Systems, 2019

6. Next Steps

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

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For GMT Office Hours Call +353-1-416-8900

Declares Quarterly Dividend of $0.25 Per Share

ROCKVILLE, Md.--(BUSINESS WIRE)--Argan, Inc. (NYSE:AGX) (“Argan” or the “Company”) today announced financial results for its fiscal year and fourth quarter ended January 31, 2021. For additional information, please read the Company’s Annual Report on Form 10-K, which the Company intends to file today with the U.S. Securities and Exchange Commission (the “SEC”). The Annual Report can be retrieved from the SEC’s website at www.sec.gov or from the Company’s website at www.arganinc.com.

Summary Information (dollars in thousands, except per share data)

“It was a tremendous Fiscal 2021 for Argan operationally and financially compared to last year,” Rainer Bosselmann, Chairman and Chief Executive Officer of Argan, said. “The $75 million EBITDA turnaround during the COVID-19 pandemic is a testament to our conservative approach and dedicated employees. While promoting safety, all of our business segments improved profitability as a percent of revenues and decreased their operating costs, translating to an improved bottom line. With the successes of the just concluded fiscal year and other prior years as well, we were pleased to return almost $50 million in value back to our shareholders by paying $3.00 per share in dividends during the course of the year.”

Summarizing the results for the year, he continued, “Gemma Power Systems continues to drive our business with increased execution on the Guernsey Power Station project which is the largest in our history. APC reduced its loss on a major project in the UK and is working hard to help its customer successfully complete the project. Additionally, all of our subsidiaries have generally increased the number of revenue opportunities.

“As I have noted before, while certain EPC project development timelines have proven to be longer than originally anticipated and it is possible that some of these projects ultimately will not be built, we have multiple signed EPC contracts for power plant projects totaling several billion dollars in work for us. Even though many factors are out of our control, we are optimistic that we will receive the construction go ahead on several of these projects and others in this new year. We are negotiating exclusively with the owners of several significant renewable power projects for which we expect to begin EPC services contract activities during the year. These additions should grow our renewable power sector business as complementary to our core gas-fired power plant business,” he concluded.

Fiscal Year 2021 Results:

Consolidated revenues for the year ended January 31, 2021 (“Fiscal 2021”) were $392.2 million, which represented an increase of $153.2 million, or 64.1%, from consolidated revenues of $239.0 million reported for the year ended January 31, 2020 (“Fiscal 2020”). The increase was primarily due to increasing revenues at Gemma Power Systems (“GPS”) associated with the construction of the Guernsey Power Station, which did not commence until the third quarter of Fiscal 2020. While we were able to increase profitability as a percent of revenues at all of our non-GPS subsidiaries, we did experience an overall decrease in revenues for the year at each of them compared to the prior year. We believe that all of our businesses were adversely impacted, to some degree, by continuing difficulties presented by the COVID-19 pandemic. These difficulties include, among others, delayed project awards and starts, restrictive and reduced work environments, additional health and safety costs, and compliance with various government lockdowns and other requirements.

Consolidated gross profit for Fiscal 2021 was $62.1 million, or 15.8% of the corresponding consolidated revenues, which reflected the favorable impacts of the higher consolidated revenues. This contrasts significantly to the consolidated gross loss for Fiscal 2020 in the amount of $6.8 million, which was driven by the subcontract loss incurred by Atlantic Projects Company in the reported amount of $33.6 million, related to the TeesREP project.

Selling, general and administrative expenses decreased by 11.5%, to $39.0 million for Fiscal 2021 from an amount of $44.1 million for the prior year. In addition, during Fiscal 2020, we recorded an impairment loss related to the goodwill of two of our subsidiaries in the aggregate amount of $4.9 million. Offsetting some of these cost savings, due significantly to the extremely low rates of return on amounts invested in cash equivalents and short-term investments during Fiscal 2021, other income declined to $1.9 million from $8.1 million for Fiscal 2020 despite the increase in the amount of invested funds between years.

Due primarily to the consolidated pre-tax book income reported for Fiscal 2021 in the amount of $24.9 million, we reported income tax expense in the amount of $1.1 million for the year, which amount is net of a $4.4 million net operating loss carryback benefit, substantially all of which was recorded in the first quarter of Fiscal 2021. The consolidated income tax benefit of $7.1 million for Fiscal 2020 related substantially to the loss before income taxes incurred during the year.

For Fiscal 2021, our improved overall operating performance resulted in net income attributable to our stockholders in the amount of $23.9 million, or $1.51 per diluted share. Last year, we reported a net loss attributable to our stockholders in the amount of $42.7 million, or $2.73 per dilutive share. In December 2020, the Company paid its fourth regular quarterly cash dividend of $0.25 per share of common stock for Fiscal 2021, and a special cash dividend payment of $1.00 per share of common stock.

As of January 31, 2021, cash, cash equivalents and short-term investments totaled $457 million and net liquidity was $269 million; furthermore, the Company had no debt. The Company’s consolidated amount of RUPO was approximately $0.6 billion as of January 31, 2021.

Fourth Quarter Results:

Revenues increased 72% to $117.2 million for the fourth quarter of Fiscal 2021, compared to $68.0 million for the fourth quarter last year, as we experienced increased business activity at all of our subsidiaries which reflected increased project work as the COVID-19 impacts begin to abate and the increasing activities on the Guernsey Power Station project. Gross profits increased 319% to $22.1 million for the fourth quarter of Fiscal 2021 from $5.2 million for last fourth quarter, generally reflecting the reasons discussed in the full year results above.

Selling, general and administrative expenses decreased by 17.4%, to $10.2 million for the current quarter from an amount of $12.4 million included in the results for the prior year quarter which also included a goodwill impairment loss of $2.8 million. Due to our profitable fourth quarter for Fiscal 2021, we recorded income tax expense in the amount of $2.5 million.

As a result, net income attributable to our stockholders for the three months ended January 31, 2021 increased to $9.6 million, or $0.60 per diluted share, compared to a loss of $7.2 million, or $0.46 per diluted share, for last year’s fourth quarter.

Quarterly Dividend:

On Monday, April 12, 2021, our Board of Directors declared a regular quarterly cash dividend in the amount of $0.25 per share of common stock, payable April 30, 2021 to stockholders of record at the close of business on April 22, 2021.

About Argan, Inc.

Argan’s primary business is providing a full range of services to the power industry, including the renewable energy sector. Argan’s service offerings focus on the engineering, procurement and construction of natural gas-fired power plants, along with related commissioning, operations management, maintenance, project development and consulting services, through its Gemma Power Systems and Atlantic Projects Company operations. Argan also owns The Roberts Company, which is a fully integrated fabrication, construction and industrial plant services company, and SMC Infrastructure Solutions, which provides telecommunications infrastructure services.

Certain matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws and the Company’s future financial performance is subject to risks and uncertainties including but not limited to the successful addition of new contracts to project backlog, the receipt of corresponding notices to proceed with contract activities, the Company’s ability to successfully complete the projects that it obtains, and the Company’s success in minimizing the adverse impacts of the COVID-19 pandemic on the Company’s businesses. The Company has several signed EPC contracts that have not started and may not start as forecasted due to market and other circumstances beyond its control. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to the number of factors described from time to time in the Company’s SEC filings. In addition, reference is hereby made to the cautionary statements made by the Company with respect to risk factors set forth in its most recent reports on Form 10-K, Forms 10-Q and other SEC filings.

Company:
Rainer Bosselmann
301.315.0027

Investor Relations:
David Watson
301.315.0027

Commercial Spoke 3 to process 10,000 tonnes of batteries per year, bringing Li-Cycle’s North American recycling capacity to 20,000 tonnes per year

TORONTO--(BUSINESS WIRE)--Li-Cycle Corp. (“Li-Cycle” or “the Company”), an industry leader in lithium-ion battery resource recovery and the largest lithium-ion battery recycler in North America, today announced that the Company will build its third commercial lithium-ion battery recycling facility, to be located in Gilbert, Arizona, within the Phoenix metropolitan area.

When complete, Li-Cycle’s “Spoke 3” facility will be capable of processing up to 10,000 tonnes of end-of-life batteries and battery manufacturing scrap per year, bringing Li-Cycle’s total recycling capacity to 20,000 tonnes per year. The construction of Spoke 3 builds on Li-Cycle’s existing North American Spokes, located in Rochester, New York and Kingston, Ontario, and is part of Li-Cycle’s strategic roadmap to construct twenty Spokes globally over the next five years. The Phoenix metropolitan area is strategically located close to Li-Cycle’s existing battery supply network, as well as being at the nexus of where there will be continued growth in the quantity of lithium-ion batteries available for recycling.

"Once completed, our newest Spoke facility will add significant recycling capacity to Li-Cycle, strategically expanding the geographic footprint of our closed-loop solution for recycling lithium-ion battery materials,” said Tim Johnston, Co-Founder and Executive Chairman of Li-Cycle. “Our Arizona Spoke will have two 5,000 tonne processing lines, effectively doubling our total recycling capacity in North America. It will also be engineered to directly process full electric vehicle packs without any dismantling. Spoke 3 will mark another important milestone as we continue to execute on our global growth plans and scale our sustainable, safe and innovative Spoke & Hub Technologies™.”

“Arizona is thrilled to be selected as the home of Li-Cycle’s new lithium battery recycling plant,” said Governor Doug Ducey. “This new facility will support Arizona’s growing electric vehicle industry by helping meet the demand for battery materials – in a way that’s sustainable and environmentally friendly. Li-Cycle is a welcome addition to Arizona’s thriving technology ecosystem, and we thank their entire team for choosing Arizona.”

Li-Cycle’s Spokes convert battery manufacturing scrap and end-of-life batteries into intermediate products, including “black mass”, a powder substance which contains a variety of metals, including lithium, cobalt and nickel. The Spokes will supply black mass to Li-Cycle's future North American Hub, which is currently in late-stage development in Rochester, New York. The North American Hub will process black mass through a hydrometallurgical circuit to produce critical, battery-grade materials, including lithium carbonate, cobalt sulphate and nickel sulphate, as well as other recycled materials that can be returned to the economy. Li-Cycle’s patented Spoke & Hub Technologies™ minimize the overall environmental footprint of the end-to-end resource recovery process, and substantially reduce the intensity of GHG emissions that would otherwise be produced from mining these finite resources.

“With our rapidly expanding electric vehicle sector and focus on sustainability, Arizona is the perfect destination for Li-Cycle’s western-U.S. battery recycling hub,” said Sandra Watson, President and CEO of the Arizona Commerce Authority. “The Company’s cutting-edge technology fills a growing supply chain need while providing an eco-friendly solution for battery recycling. Arizona is proud to be a partner in Li-Cycle’s success and contribute to the positive impact they will continue to have.”

The imperative for economically and environmentally sustainable resource recycling is growing in lockstep with the rapid growth of battery manufacturing. Li-Cycle utilizes its proprietary Spoke & Hub Technologies™ to achieve the industry-leading recovery rate of up to 95% resource mass recovery and to produce the critical battery materials underpinning the global growth in electric vehicle production. Legacy recycling technologies have largely relied on thermal operations, which can emit harmful emissions and result in lower recovery rates. The Company’s two-stage battery recycling model enables customers to benefit from a safe and environmentally friendly solution for recycling all types of lithium-ion materials.

On February 16, 2021, Li-Cycle announced its entry into a definitive business combination agreement with Peridot Acquisition Corp. (NYSE: PDAC) (“Peridot”). Upon the closing of the business combination, which is expected in the second quarter of 2021, the combined company will be named Li-Cycle Holdings Corp. Li-Cycle intends to apply to list the common shares of the combined company on the New York Stock Exchange under the new ticker symbol, “LICY.”

About Li-Cycle Corp.

Li-Cycle 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/.

ADDITIONAL INFORMATION AND WHERE TO FIND IT

In connection with the proposed transaction involving Li-Cycle and Peridot, Li-Cycle Holdings Corp. (“Newco”) has prepared and filed with the SEC a registration statement on Form F-4 that includes both a prospectus of Newco and a proxy statement of Peridot (the “Proxy Statement/Prospectus”). Once effective, Peridot will mail the Proxy Statement/Prospectus to its shareholders and file other documents regarding the proposed transaction with the SEC. This communication is not a substitute for any proxy statement, registration statement, proxy statement/prospectus or other documents Peridot or Newco may file with the SEC in connection with the proposed transaction. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE PROXY STATEMENT/PROSPECTUS WHEN IT BECOMES AVAILABLE, ANY AMENDMENTS OR SUPPLEMENTS TO THE PROXY STATEMENT/PROSPECTUS, AND OTHER DOCUMENTS FILED BY PERIDOT OR NEWCO WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of the Proxy Statement/Prospectus and other documents filed with the SEC by Peridot or Newco through the website maintained by the SEC at www.sec.gov.

Investors and securityholders will also be able to obtain free copies of the documents filed by Peridot and/or Newco with the SEC on Peridot’s website at www.peridotspac.com or by emailing This email address is being protected from spambots. You need JavaScript enabled to view it..

PARTICIPANTS IN THE SOLICITATION

Li-Cycle, Peridot, Newco, and certain of their respective directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in connection with the proposed transaction. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of proxies in connection with the proposed transaction, including a description of their direct or indirect interests, by security holdings or otherwise, are set forth in the Proxy Statement/Prospectus. Information regarding the directors and executive officers of Peridot is contained in Peridot’s Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on March 26, 2021 and certain of its Current Reports filed on Form 8-K. These documents can be obtained free of charge from the sources indicated above.

NO OFFER OR SOLICITATION

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities of Peridot or Newco or a solicitation of any vote or approval. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

CAUTION CONCERNING 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 Securities Act of 1933, as amended, and Section 21 of the Securities Exchange Act of 1934, as amended, including statements regarding the proposed transaction involving Li-Cycle and Peridot and the ability to consummate the proposed transaction. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “may,” “will,” “should,” “would,” “expect,” “anticipate,” “plan,” “likely”, “believe,” “estimate,” “project,” “intend,” and other similar expressions among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: (i) the risk that the conditions to the closing of the proposed transaction are not satisfied, including the failure to timely or at all obtain shareholder approval for the proposed transaction or the failure to timely or at all obtain any required regulatory clearances, including under the Hart-Scott Rodino Antitrust Improvements Act; (ii) uncertainties as to the timing of the consummation of the proposed transaction and the ability of each of Li-Cycle and Peridot to consummate the proposed transaction; (iii) the possibility that other anticipated benefits of the proposed transaction will not be realized, and the anticipated tax treatment of the combination; (iv) the occurrence of any event that could give rise to termination of the proposed transaction; (v) the risk that stockholder litigation in connection with the proposed transaction or other settlements or investigations may affect the timing or occurrence of the proposed transaction or result in significant costs of defense, indemnification and liability; (vi) changes in general economic and/or industry specific conditions; (vii) possible disruptions from the proposed transaction that could harm Li-Cycle’s business; (viii) the ability of Li-Cycle to retain, attract and hire key personnel; (ix) potential adverse reactions or changes to relationships with customers, employees, suppliers or other parties resulting from the announcement or completion of the proposed transaction; (x) potential business uncertainty, including changes to existing business relationships, during the pendency of the proposed transaction that could affect Li-Cycle’s financial performance; (xi) legislative, regulatory and economic developments; (xii) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism, outbreak of war or hostilities and any epidemic, pandemic or disease outbreak (including COVID-19), as well as management’s response to any of the aforementioned factors; and (xiii) other risk factors as detailed from time to time in Peridot’s reports filed with the SEC, including Peridot’s annual report on Form 10-K, periodic quarterly reports on Form 10-Q, periodic current reports on Form 8-K and other documents filed with the SEC. The foregoing list of important factors is not exclusive. Neither Li-Cycle nor Peridot can give any assurance that the conditions to the proposed transaction will be satisfied. Except as required by applicable law, neither Li-Cycle nor Peridot undertakes any obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

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AUSTIN, Texas--(BUSINESS WIRE)--USA Compression Partners, LP (NYSE: USAC) (“USA Compression”) today announced a cash distribution of $0.525 per common unit ($2.10 on an annualized basis) for the first quarter of 2021. The distribution will be paid on May 7, 2021, to unitholders of record as of the close of business on April 26, 2021.

First Quarter 2021 Earnings Conference Call

In addition, USA Compression will release its first quarter 2021 results prior to the opening of U.S. financial markets on Tuesday, May 4. Management will conduct an investor conference call the same day starting at 11 a.m. Eastern Time (10 a.m. Central Time) to discuss financial and operating results. The call will be broadcast live over the internet. Investors may participate either by phone or audio webcast.

ABOUT USA COMPRESSION PARTNERS, LP

USA Compression Partners, LP is a growth-oriented Delaware limited partnership that is one of the nation’s largest independent providers of natural gas compression services in terms of total compression fleet horsepower. USA Compression partners with a broad customer base composed of producers, processors, gatherers and transporters of natural gas and crude oil. USA Compression focuses on providing natural gas compression services to infrastructure applications primarily in high-volume gathering systems, processing facilities and transportation applications. More information is available at usacompression.com.

NON-U.S. WITHHOLDING INFORMATION

This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0%) of USA Compression’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, USA Compression’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.

FORWARD-LOOKING STATEMENTS

Statements in this press release may be forward-looking statements as defined under federal law. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and factors, many of which are outside the control of USA Compression, and a variety of risks that could cause results to differ materially from those expected by management of USA Compression. USA Compression undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.

Matt Liuzzi / 512-369-1624
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DUBLIN--(BUSINESS WIRE)--The "Advances in Green Hydrogen Create Opportunity across the Global Power Sector" report has been added to ResearchAndMarkets.com's offering.

The primary aim of this research is to analyze the current and future market potential of green hydrogen as an energy carrier driving transition toward a sustainable energy future. The study identifies growth opportunities for the green hydrogen market in the global power sector and some of the key countries and companies active in this space.

Currently, green hydrogen account less than 1% of the total hydrogen produced. The global demand for green hydrogen and its emerging applications is expected to increase exponentially in the next 20 years, creating need for considerable infrastructure to handle production and delivery. It will take 10 to 20 years before a green hydrogen economy becomes mainstream across the global power sector and other segments.

Increasing concerns about carbon emissions and the need to decarbonize the industrial, commercial, transport, and power sectors have forced countries to reduce their dependency on fossil fuel-based systems and increase deployment of renewable energy sources (RES). To meet the 1.5-degree Celsius target, global renewable energy capacity should increase from about 2500 GW in 2019 to more than 15,000 GW in 2050, a near 6-fold increase.

However, total decarbonization of certain sectors, such as transport and industry, cannot be achieved solely by electrification. This challenge can be addressed by green hydrogen produced through electrolysis from RES, wind and solar, in particular. Green hydrogen produced through electrolysis can then be used downstream as a chemical feedstock material in high-carbon sectors that are difficult to decarbonize through electrification alone.

In the last five years, interest has grown in using green hydrogen as a low- or zero-carbon energy carrier, and many governments have started acknowledging the fact that a green hydrogen-based economy could be the answer to growing concerns over carbon emissions, energy security, and climate change.

Technological institutions in various countries have already invested in pilot and demonstration projects related to the production, storage, distribution, and utilization of green hydrogen across different business verticals.

For a green hydrogen economy to become a reality, technological and economical breakthroughs are needed to bring down the costs associated with production; other needs are decisive regulatory frameworks to promote investments and support in research and development (R&D) activities related to technologies for the production, storage, transport, and utilization of hydrogen.

Key Topics Covered:

1. Strategic Imperatives

• Why Is It Increasingly Difficult to Grow?
• The Strategic Imperative
• Impact of the Top Three Strategic Imperatives on Green Hydrogen in the Global Power Market
• Growth Opportunities Fuel the Growth Pipeline Engine

2. Executive Summary

• Green Hydrogen Roadmap to 2050 in the Global Power Sector
• Green Hydrogen Industry: Hotspots
• Growth Opportunities for Green Hydrogen

3. Growth Opportunity Analysis - Green Hydrogen in the Global Power Sector

• Research Aim
• Study Coverage and Exclusions
• Key Questions this Study will Answer
• Moving toward Decarbonization
• Green Hydrogen: A Catalyst Accelerating Transition toward Sustainable Green Economy
• Green Hydrogen in Energy Transition: Applications
• Green Hydrogen Production Pathways
• Green Hydrogen Production Pathways: Technology Maturity Level
• Green Hydrogen: Two Major Applications across the Power Sector
• Key Companies Working on Green Hydrogen Initiatives
• Market Drivers
• Market Restraints

4. Growth Environment - Key Market Trends

• Key Market Trends
• Power-to-X Technology
• Strong Partnerships to Drive Pilot and Demonstration Projects
• Decreasing Costs and Increasing Economies of Scale
• Hydrogen as a Lifeline for Nuclear Energy
• Ammonia as a Green Carrier
• Africa for Hydrogen

5. Growth Environment - Market Forecasts

• Green Hydrogen: Global Production Forecast
• The Global Green Hydrogen Market: Production Forecast Discussion
• Global Green Hydrogen: Electrolyser Cumulative Installed Capacity
• Global Green Hydrogen: Electrolyser Cumulative Installed Capacity Discussion
• Global Green Hydrogen: Electrolyser Regional Cumulative Installed Capacity
• Global Green Hydrogen: Electrolyser Regional Cumulative Installed Capacity Discussion

6. Growth Environment - Regional Analysis

• Green Hydrogen Industry: Regional Analysis
• Green Hydrogen Industry: Hotspots
• Forecast Discussion and Pilot Projects
• List of Planned Pilot and Demonstration Projects
• Green Hydrogen Developments

7. Growth Environment - Competitive Analysis

• The Green Hydrogen Value Chain
• Competitive Landscape: Hydrogen Ecosystem
• Competitive Landscape: Green Hydrogen Ecosystem
• Companies to Watch: NEL
• Companies to Watch: Hydron Energy
• Companies to Watch: Horizon Fuel Cell Technologies
• Companies to Watch: Hydrogen Pro

8. Growth Opportunity Universe - Green Hydrogen

• Growth Opportunity 1: Power-to-X Pathways for the Decarbonization and Management of the Power Sector, 2019
• Growth Opportunity 2: Blending Green Hydrogen into Existing Natural Gas Pipelines to Reduce CO2 Emissions, 2019
• Growth Opportunity 3: Primary and Secondary Power Source for Commercial and Industrial Applications, 2019
• Growth Opportunity 4: Combination of Lithium-Ion and Hydrogen Storage Systems Acting as a Primary and Backup Power Source, 2019
• Growth Opportunity 5: CHP Fuel Cells for Industrial and Commercial Applications, 2019
• Growth Opportunity 6: Green Ammonia as an Energy Source, 2019

9. Next Steps

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

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Laura Wood, Senior Press Manager
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CALGARY, Alberta--(BUSINESS WIRE)--(TSE:IMO, NYSE American: IMO) Brad Corson, chairman, president and chief executive officer, and Dave Hughes, vice-president investor relations, Imperial Oil Limited, will host a 2021 First Quarter Earnings Call on Friday, April 30, following the company’s first quarter earnings release that morning. The event begins at 9 a.m. MT and will be accessible by webcast.

During the call, Mr. Corson will offer brief remarks prior to taking questions from Imperial’s covering analysts.

Please click here [https://edge.media-server.com/mmc/p/krc7beim] to register for the live webcast. The webcast will be available for one year on the company’s website at www.imperialoil.ca/en-ca/company/investors.

Source: Imperial

After more than a century, Imperial continues to be an industry leader in applying technology and innovation to responsibly develop Canada’s energy resources. As Canada’s largest petroleum refiner, a major producer of crude oil, a key petrochemical producer and a leading fuels marketer from coast to coast, our company remains committed to high standards across all areas of our business.

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HOUSTON--(BUSINESS WIRE)--$NEXT #MoveTheWorldForward--NextDecade Corporation (NextDecade) (NASDAQ: NEXT) and Mitsubishi Heavy Industries America, Inc. (MHIA), part of Mitsubishi Heavy Industries (MHI) Group, have announced today that they have signed an engineering services agreement (ESA) for the design, license, and performance guarantee of the KM CDR Process^TM, a post-combustion carbon capture technology to be applied at NextDecade’s Rio Grande LNG project in the Port of Brownsville, Texas.

Last month, NextDecade announced its wholly owned subsidiary, NEXT Carbon Solutions, is developing one of the largest carbon capture and storage (CCS) projects in North America at Rio Grande LNG. NEXT Carbon Solutions’ CCS project at Rio Grande LNG is expected to enable the capture and permanent geologic storage of more than five million tonnes of carbon dioxide (CO₂) per year.

MHI Group has developed the KM CDR Process^TM over three decades; the KM CDR Process^TM is owned by Mitsubishi Heavy Industries Engineering, Ltd., part of the industrial group. MHI Group has deployed 13 carbon capture systems around the world, including the world’s largest post-combustion carbon capture facility that is comparable in size to the first phase of the carbon capture project at Rio Grande LNG.

“We are pleased to have executed an ESA with MHI Group, a widely recognized leader in commercial-scale carbon capture technology,” said Matt Schatzman, NextDecade’s Chairman and Chief Executive Officer. “MHI Group’s carbon capture solution is an ideal complement to NextDecade’s proprietary processes. We look forward to working with MHI Group on the CCS project at Rio Grande LNG, which we expect to be the greenest LNG project in the world.”

“We are proud to work with NextDecade on this world leading project,” said Yoshihiro Shiraiwa, MHIA’s President and Chief Executive Officer. “This will be the world’s first application of post-combustion capture for LNG, and we expect this initiative will contribute to realizing carbon neutrality in the years ahead. MHI Group is committed to being an innovative solution provider as the energy industry transitions to lower carbon options. We will work diligently with NextDecade to bring this project to fruition.”

Through NEXT Carbon Solutions’ CCS project at Rio Grande LNG, NextDecade and MHIA will contribute to solving the global challenge of effectively reducing greenhouse gas emissions.

About NextDecade Corporation

NextDecade Corporation (NextDecade) is committed to providing the world access to cleaner energy. NextDecade, through its wholly owned subsidiaries Rio Grande LNG and NEXT Carbon Solutions, is developing a 27 mtpa LNG export facility in South Texas along with one of the largest carbon capture and storage projects in North America. The Rio Grande LNG facility is expected to be the largest and greenest U.S. LNG export solution linking Permian Basin and Eagle Ford Shale natural gas to the global LNG market. NextDecade’s common stock is listed on the Nasdaq Stock Market under the symbol “NEXT.” NextDecade is headquartered in Houston, Texas. For more information, please visit www.next-decade.com.

About Mitsubishi Heavy Industries Group

Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, logistics & infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com.

NextDecade Forward-Looking Information

This press release contains forward-looking statements within the meaning of U.S. federal securities laws including, in particular, statements about the Company’s private placement of Series C Preferred Stock and the use of proceeds thereof. The words “anticipate,” “contemplate,” “estimate,” “expect,” “project,” “plan,” “intend,” “believe,” “may,” “might,” “will,” “would,” “could,” “should,” “can have,” “likely,” “continue,” “design” and other words and terms of similar expressions are intended to identify forward-looking statements, and these statements may relate to the business of NextDecade and its subsidiaries. These statements have been based on NextDecade’s current assumptions, expectations, and projections about future events and trends and involve a number of known and unknown risks, which may cause actual results to differ materially from expectations expressed or implied in the forward-looking statements. These risks include uncertainties about progress in the development of NextDecade’s LNG liquefaction and export projects and the timing of that progress; NextDecade’s final investment decision (“FID”) in the construction and operation of a LNG terminal at the Port of Brownsville in southern Texas (the “Terminal”) and the timing of that decision; the successful completion of the Terminal by third-party contractors and an approximately 137-mile pipeline to supply gas to the Terminal being developed by a third-party; NextDecade’s ability to secure additional debt and equity financing in the future to complete the Terminal; the accuracy of estimated costs for the Terminal; statements that the Terminal, when completed, will have certain characteristics, including amounts of liquefaction capacities; the development risks, operational hazards, regulatory approvals applicable to the Terminal’s and the third-party pipeline's construction and operations activities; NextDecade’s anticipated competitive advantage and technological innovation which may render its anticipated competitive advantage obsolete; the global demand for and price of natural gas (versus the price of imported LNG); the availability of LNG vessels worldwide; changes in legislation and regulations relating to the LNG industry, including environmental laws and regulations that impose significant compliance costs and liabilities; NextDecade’s ability to develop and implement carbon capture and storage or similar technology to reduce anticipated carbon emissions from the Terminal; global pandemics including the 2019 novel coronavirus pandemic and their impact on NextDecade’s business and operating results, including any disruptions in NextDecade’s operations or development of the Terminal and the health and safety of NextDecade’s employees, and on NextDecade’s customers, the global economy and the demand for LNG; risks related to doing business in and having counterparties in foreign countries; NextDecade’s ability to maintain the listing of its securities on a securities exchange or quotation medium; changes adversely affecting the business in which NextDecade is engaged; management of growth; general economic conditions; NextDecade’s ability to generate cash; compliance with environmental laws and regulations; the result of future financing efforts and applications for customary tax incentives; and other matters discussed in the “Risk Factors” section of NextDecade’s Annual Report on Form 10-K for the year ended December 31, 2020 and other subsequent reports filed with the Securities and Exchange Commission, all of which are incorporated herein by reference. Additionally, any development of the Terminal remains contingent upon completing required commercial agreements, acquiring all necessary permits and approval, securing all financing commitments and potential tax incentives, achieving other customary conditions and making a final investment decision to proceed. The forward-looking statements in this press release speak as of the date of this release. Although NextDecade believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that the expectations will prove to be correct. NextDecade may from time to time voluntarily update its prior forward-looking statements, however, it disclaims any commitment to do so except as required by securities laws.

Patrick Hughes
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+1 (832) 209 8131

Corporate Communication Department
Mitsubishi Heavy Industries, Ltd.
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FRAMINGHAM, Mass.--(BUSINESS WIRE)--#cleanenergy--Ameresco, Inc. (NYSE:AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced that it will release its first quarter 2021 financial results after the close of the market on Tuesday, May 4, 2021. The earnings press release will be available on the “Investor Relations” section of the Company’s website at www.ameresco.com. The Company will host an earnings conference call at 4:30 p.m. ET the same day.

In conjunction with its earnings conference call and press release, the Company will provide supplemental information concerning the financial results. The supplemental information on a Current Report on Form 8-K will be posted to the “Investor Relations” section of the Company's website.

Participants may access the earnings conference call by dialing domestically +1 (877) 359-9508 or internationally +1 (224) 357-2393. The passcode is 5664848. Participants are advised to dial into the call at least ten minutes prior to register. A live, listen-only webcast of the conference call will also be available over the Internet. Individuals wishing to listen can access the call through the “Investor Relations” section of the Company’s website at www.ameresco.com. If you are unable to listen to the live call, an archived webcast will be available on the Company’s website for one year.

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.

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Hourly tracking of renewable energy load matching illustrates a future view of how companies will transition to a carbon-free energy supply

BOSTON--(BUSINESS WIRE)--$IRM #CarbonFree--Iron Mountain Incorporated (NYSE:IRM), the storage and information management services company, today announced that it has taken a significant step forward in the development of enhanced solutions for purchasing renewable energy, through readily available retail channels, by entering into an agreement with RPD Energy and Direct Energy to track the hourly renewable energy load of Iron Mountain data centers.

The innovative structure will source 100% renewable energy aimed at matching the hourly usage of all Iron Mountain facilities in Pennsylvania and New Jersey (over 60 buildings), including two data centers. Conventional renewable power solutions seek to only match a buyer’s load on an annual or monthly basis without ensuring renewable power is available when clients are using electricity. Tracking hourly usage from the generator and comparing it to Iron Mountain’s hourly usage demonstrates a future view of how firms can transition to truly carbon free energy supply.

“Iron Mountain is seeking to move beyond the conventional approach of matching renewable power on an annual basis, to matching renewable power generation with its hourly energy use. This is ultimately the path needed to decarbonize energy use,” stated Chris Pennington, Global Energy Manager at Iron Mountain Data Centers. “We are proud to push the marketplace and be at the forefront of embracing and adopting this unique approach and believe that RPD and Direct Energy have assembled a highly repeatable product that will become a readily available retail product.”

“It is so gratifying to witness the power of collaboration and we hope transactions like these can demonstrate that the market is capable of greater flexibility to meet increasingly aggressive demands for truly 24/7 renewable power,” said Eric Alam, CEO of RPD Energy. “RPD Energy’s role was to identify the right committed generator and retail supplier to ensure that Iron Mountain could achieve a truly unique outcome. Working with Axpo U.S. to design a wholesale transaction that worked for EDP Renewables North America, and with the team at Direct to create the retail product that fit Iron Mountain’s requirements required the kind of patience, resolve, and cooperation across all parties that results in these breakthrough transactions.”

RPD Energy in conjunction with Direct Energy, will provide Iron Mountain a monthly report to document the match of average hourly generation and Iron Mountain’s actual hourly offtake from the grid. To maintain the integrity of the renewable impact of the transaction, traceability and environmental claims are ensured by renewable energy credits provided via EDP Renewables North America and sourced from the same renewable developer.

About Iron Mountain

Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services. Trusted by more than 225,000 organizations around the world, and with a real estate network of nearly 93 million square feet across approximately 1,450 facilities in 56 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts. Providing solutions that include secure records storage, information management, digital transformation, secure destruction, as well as data centers, cloud services and art storage and logistics, Iron Mountain helps customers lower cost and risk, comply with regulations, recover from disaster, and enable a more digital way of working. Visit www.ironmountain.com for more information.

About RPD Energy

RPD Energy architects green energy solutions for corporate America. RPD offers directly sourced, variable term (2-8 years), right-sized contracts for green energy and RECs from utility-scale wind and solar facilities without the complexity of traditional PPA/VPPAs. Fortune 500 energy buyers have chosen RPD Energy work with their suppliers to provide green energy contracts for their data centers, production facilities and corporate headquarters in several regions across the US. RPD is headquartered in Houston, Texas. www.rpdenergy.com.

Iron Mountain

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Company Named to 2021 Utility Transformation Leaderboard

SAN FRANCISCO--(BUSINESS WIRE)--While fans of professional golf were riveted to the Masters leaderboard last weekend, Pacific Gas and Electric Company (PG&E) has earned a spot on a different kind of leaderboard – one recognizing utilities for their progress toward a modern, carbon-free electric system.

Today, the Smart Electric Power Alliance (SEPA) released its comprehensive assessment of more than 100 U.S. utilities’ clean power efforts. PG&E demonstrated significant progress, landing it on the 2021 Utility Transformation Leaderboard.

SEPA launched the Utility Transformation Challenge this year in recognition of the increased industry focus on carbon reduction. SEPA analyzed surveys from 135 utilities, representing more than 83 million customer accounts, or approximately 63% of all U.S. electric customer accounts.

“PG&E stands out due to its comprehensive efforts to transition to a carbon-free energy future, and most importantly, its results," said SEPA President and CEO Julia Hamm. "The transformation to a clean and modern energy system involves much more than clean energy generation; it will require changes to almost every part of a utility’s business. We applaud PG&E for its progress, and recognize that much work remains. The world does not have the luxury of time on carbon reduction."

The Utility Transformation Challenge evaluated utilities using a survey to assess their actions in four key areas: corporate leadership; clean energy resources; modern grid enablement; and aligned actions and engagement.

“Earning a top spot on SEPA’s leaderboard is a little like earning the famed green jacket, but better, because it recognizes our progress toward a green energy future that benefits all of us,” said Patti Poppe, Chief Executive Officer of PG&E Corporation. “We recognize that our role in helping California achieve its climate and clean energy goals is possible only if we deliver on our safety commitments for our hometowns. Our focus is on transforming our business, culture and energy system to strengthen our Triple Bottom Line of serving people, the planet and prosperity for California.”

SEPA’s assessment found that utilities with strong commitments to carbon reduction have made the most progress in creating a modern, clean electric grid.

PG&E’s clean energy efforts include:

• Delivering more than 88% of its electricity to customers from greenhouse gas-free resources including nuclear, large hydroelectric and eligible-renewable energy in 2020.

• Exceeding California’s Renewables Portfolio Standard requirement of 33% by 2020 by delivering over 35% of electricity to customers last year from renewable energy, including solar, wind, bioenergy, geothermal and small hydroelectric (30 megawatts or smaller) power. In SEPA’s Annual Utility Market Survey, PG&E ranked number one in 2019 and 2018 for annual solar megawatts. The Utility Transformation Challenge expands the survey focus.

• Connecting more than 535,000 customers with private rooftop solar to the electricity grid, and supporting those customers with resources before, during and after they go solar. The rooftop solar in PG&E’s service area represents about 20% of all rooftop solar in the country.

• Investing in Battery Energy Storage Systems (BESS) to enhance overall grid reliability, integrate renewables and help customers save energy and money. PG&E has contracts for BESS projects totaling more than 1,400 megawatts, including one of the largest utility-owned lithium-ion BESS in the world, which is on track to become operational this summer.

• Expanding access to electric vehicles (EV) and charging stations to reduce emissions and improve air quality. More than 327,000 EVs are registered in PG&E’s service area, accounting for approximately one in every five EVs in the nation.

• Reducing its own carbon footprint with PG&E’s Million Ton Challenge, a voluntary goal to avoid one million tons of greenhouse gas emissions from its operations over five years. PG&E is reducing methane emissions from its gas operations through a combination of advanced leak detection and repair strategies, pipeline replacements, operational improvements and research and development.

SEPA’s Utility Transformation Challenge also offered recommendations on how utilities can continue to move the needle on carbon reduction. The Utility Transformation Profile report and executive summary are available at https://sepapower.org/utility-transformation-challenge/.

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.

About SEPA

The Smart Electric Power Alliance (SEPA) helps address the most pressing issues encountered in the smart transition to a carbon-free energy system. Utilities, industry, regulators and other electric power stakeholders trust SEPA to provide education, research, standards and collaboration around a clean and modern energy future.

MEDIA RELATIONS:
415-973-5930

New Drawdown Labs partners join a group of climate leaders committed to helping the world achieve “drawdown” quickly, safely, and equitably.

SAN FRANCISCO--(BUSINESS WIRE)--#ClimateChange--Climate solutions have powerful new private-sector champions. After launching Drawdown Labs last October, Project Drawdown—the world’s leading resource for climate solutions—is announcing five new partners to round out its pioneering group of private sector climate leaders. This consortium of 14 organizations spans nearly every industry, using their resources, influence, employees, community members, and customers to help the world reach drawdown—a future point in time when levels of greenhouse gases in the atmosphere stop climbing and start to steadily decline. This spring, Netflix, General Mills, LinkedIn, Aspiration, and Residential & Dining Enterprises (R&DE) Stanford Dining join Drawdown Labs to challenge status-quo private sector leadership for faster, safer, and more equitable climate action at unprecedented scale.

“Net-zero commitments by some date in the distant future just won’t cut it anymore,” says Drawdown Labs Director Jamie Alexander. “Drawdown Labs partners prove every day that any job can be a climate job, whether they’re helping people bank responsibly, find well-paying jobs, feed their families, inspire student climate leaders, or feel entertained at home. Project Drawdown chooses partners that are leading the transformation of their sectors—not simply playing at the edges of real change.”

Leveraging world-class research and analysis from Project Drawdown and cross-industry capabilities of its partners, Drawdown Labs is a testing ground for companies who already have industry-leading climate goals. Potential Labs partners are vetted on the nature of their science-based, independently verified greenhouse gas emissions reduction targets as well as their track record for lobbying, leadership goals, and commitment to climate solutions both within and outside their business operations. As the year progresses, Drawdown Labs partners will meet regularly, share insights, ask critical questions, and enjoy full access to Project Drawdown’s science-based resources and staff members.

“Drawdown Labs only works when you start with companies that are already all-in on climate,” says Alexander. “If a company is pouring money into anti-climate lobbying and suddenly makes a commitment to reach ‘net zero,’ we need to question the authenticity of that commitment. There’s no room for daylight between the pursuit of a just climate future and any other business priority. The superpowers of our five new companies, along with our existing partners, should demonstrate to the world the kind of climate ambition that is possible, achievable, and necessary.”

Joining Drawdown Labs (and its nine existing partners) are:

• Netflix—The streaming entertainment service showcases inclusive stories on climate solutions to hundreds of millions of viewers around the world. Sitting at the intersection of technology and entertainment, Netflix shows how sustainability can be implemented beyond operational footprints through creative, memorable storytelling.
• General Mills—This global manufacturer of branded consumer foods has the reach to create large-scale impact in the food and agriculture industry beyond its own operational footprint. As a Drawdown Labs partner, General Mills brings with it its holistic focus on regenerative agriculture that strengthens both ecosystems and communities.
• LinkedIn—As the world’s largest professional network, LinkedIn is focused on creating economic opportunity for every member of the global workforce. This means providing its members with the tools, resources, and community needed for this transition by spotlighting green economic trends, connecting green job seekers and employers, providing sustainability skills training, and partnering with environmental innovators.
• Aspiration—Drawdown Labs’ first-ever financial services partner enables customers to keep their deposits out of fossil fuels, automatically plant trees with their card purchases, and track business and personal Planet & People impact scores as they shop. Aspiration shows that people can use their spending and saving to achieve meaningful climate impact at scale.
• R&DE Stanford Dining—This leading university partner collaborates on many aspects of complex global food systems—from equitable supply chains, climate-smart dining, and regenerative agriculture, to reducing food waste and shifting diets towards plant-forward options. Stanford Dining demonstrates that sustainable, ethical, and healthy food systems can be deployed at scale, while simultaneously inspiring the next generation to improve how Earth’s precious resources are managed.

Learn more about Drawdown Labs online, follow Project Drawdown on social media, and sign up for email newsletters for inspiring real-world Labs updates throughout the year. Looking for a deeper dive into the climate solutions driving Drawdown Labs partners to think big? Climate Solutions 101 presented by Project Drawdown—the world’s first educational effort focused solely on global solutions—is free, full of hope, and streaming now.

About Drawdown Labs

Drawdown Labs is Project Drawdown’s private sector testing ground for scaling bold climate solutions quickly, safely, and equitably. This consortium of visionary partners goes beyond “net zero” to scale global climate solutions, within and outside their own operations. Leveraging world-class research and analysis from Project Drawdown—and the cross-industry capabilities of participating organizations, businesses, and funders—Drawdown Labs experiments with collaborative ways to address climate change at unprecedented scale, and offers the world a transformative vision for private sector climate leadership. Drawdown Labs members include Allbirds, Aspiration, Copia, General Mills, Google, Grove Collaborative, IDEO, Impossible Foods, Intuit, Lime, LinkedIn, Netflix, R&DE Stanford Dining, and Trane Technologies.

Haley Bowling
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@ProjectDrawdown