OSAGE, Iowa--(BUSINESS WIRE)--Valent BioSciences LLC announced today that it is undertaking two major environmental initiatives at its biorational manufacturing facility in Osage, Iowa. They include a new prairie restoration project and solar field, both situated on existing Valent BioSciences land, which will provide a variety of benefits to the local community.
Prairie Restoration Project
Valent BioSciences is restoring 34 acres of highly diverse native prairie on its land in Mitchell County, Iowa, which will be accessible to the public. This project will help establish and support a diverse native habitat for birds, butterflies, insects, reptiles, and small wildlife. The prairie will also become a rest stop for monarch butterflies that migrate to and from Mexico each year.
At maturation, the prairie will sequester approximately 170 tons of carbon dioxide annually, helping mitigate the effects of greenhouse gas in the environment. Another environmental benefit is that it will need little maintenance and won’t require the application of fertilizers or pesticides.
The prairie will be available for local community and school use. A walking path will make it easy for visitors to traverse the prairie and interact with nature.
In conjunction with the project, Valent BioSciences applied for and received a grant for prairie seed from the U.S. Department of Agriculture and Iowa Natural Resources Conservation Service.
Solar Field
The 1.5-megawatt alternating current (AC) solar field will be constructed on 12 acres of Valent BioSciences land adjacent to the prairie restoration project in conjunction with its partners, OneEnergy Renewables and Heartland Power Cooperative. This field will include approximately 3,700 bifacial solar panels that produce power from both sides of the panel and also track the sun from east to west. Once the solar field is operational, the Osage facility will receive the Renewable Energy Certificates (RECs) generated by the solar field. This project ensures that renewable energy will help power the Valent BioSciences facility.
The solar field is expected to produce about 3.4 million kilowatt hours of solar-generated electricity annually, which is anticipated to provide approximately 8% of the Osage facility’s total annual electricity usage. This amount of electricity generated is enough to power approximately 425 average-sized homes annually.
“We are proud to support these environmental initiatives, which align with our focus on sustainability and enhancing the quality of life in our local communities,” said Paul Kelley, Valent BioSciences’ Vice President of Supply Chain and Manufacturing. “Much work has also been going on behind the scenes to make these initiatives a reality, and we want to thank OneEnergy Renewables, the Heartland Power Cooperative, the City of Osage, the Mitchell County Conservation Board, and Pheasants Forever for their valuable contributions and assistance.”
“OneEnergy is excited to work with Valent BioSciences and Heartland Power Cooperative on this exceptional project,” said Tobin Booth, OneEnergy’s CEO. “We look forward to working with the community and county to permit the project this winter, and then to construct the site starting in the spring.”
“We are thankful for the opportunity to partner with Valent BioSciences and OneEnergy on this project,” said Heartland Power Cooperative CEO Jon Leerar. “By working together, Heartland Power Cooperative and OneEnergy are able to provide knowledge and experience in the energy industry to help Valent BioSciences reach their sustainability goals.”
The 46-acre parcel of land that will be the home for the prairie and solar field was removed from row crop production during the fall and the 34-acre prairie site was planted on December 1 with a pollinator mix that includes high-quality annual and perennial wildflowers. Construction on the solar field is intended to start in April 2022, with an anticipated completion date in September 2022. Valent BioSciences has also planted more than 200 trees of different species around its Osage facility during the past two years.
About Valent BioSciences LLC
Headquartered in Libertyville, Illinois, Valent BioSciences is a subsidiary of Tokyo-based Sumitomo Chemical Co., Ltd., and is the worldwide leader in the development, manufacturing, and commercialization of biorational products with sales in 95 countries around the world. Valent BioSciences is an ISO 9001 Certified Company. For additional information, visit the company’s website at www.valentbiosciences.com.
About OneEnergy Renewables
OneEnergy Renewables develops and delivers community and utility-scale solar energy facilities across the United States. OneEnergy’s mission is to make clean energy the number one electricity choice for consumers and utilities. Powered by the belief that the future will run on clean energy, its team works collaboratively with landowners, communities, and utility companies to deliver breakthrough clean energy facilities. For more information, please visit: www.oneenergyrenewables.com.
About Heartland Power Cooperative
Heartland Power Cooperative is a member-owned rural electric distribution cooperative with offices in Thompson and St. Ansgar, IA. Heartland Power serves nearly 5,300 homes, farms, businesses, and industry with over 1,900 miles of electric power lines across 12 counties in Northern Iowa and Southern Minnesota. We are committed to providing members with quality and affordable energy services that both meet and exceed their expectations. Heartland Power is a Touchstone Energy Cooperative. For more information visit our website at www.heartlandpower.com.
John Mandel
Valent BioSciences LLC
847-968-4728
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Carmen Murray
OneEnergy Renewables
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Jessica Marzen; Marketing & Communication Representative
Heartland Power Cooperative
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HAMILTON, Bermuda--(BUSINESS WIRE)--January 11, 2022 -- Triton International Limited (NYSE:TRTN) (the “Company” or “Triton”) today announced that its subsidiaries, Triton Container International Limited and TAL International Container Corporation, as co-issuers, have priced a public offering of $600 million aggregate principal amount of 3.250% Senior Notes due 2032 (the “Notes”) at an offering price of 99.600% of the principal amount thereof. The Notes will be guaranteed on a senior unsecured basis by the Company.
The offering is expected to close on January 19, 2022, subject to the satisfaction of customary closing conditions. The net proceeds from the offering are expected to be used to repay borrowings under the Company’s revolving credit facility.
Citigroup Global Markets Inc., ING Financial Markets LLC, Wells Fargo Securities, LLC, Fifth Third Securities, Inc., MUFG Securities Americas Inc. and Truist Securities, Inc. are acting as joint book-running managers for the offering.
The offering is being made pursuant to an effective shelf registration statement, previously filed with the Securities and Exchange Commission (the “SEC”). The offering is being made only by means of a prospectus supplement and a related prospectus, copies of which may be obtained on the SEC’s website at www.sec.gov or by contacting:
Citigroup Global Markets Inc.
Attn: Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Tel: 1-800-831-9146
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ING Financial Markets LLC
Attn: DCM Syndicate Desk
1133 Avenue of the Americas
New York, New York 10036
United States of America
Tel: +1-646-424-8972
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Wells Fargo Securities, LLC
Attn: WFS Customer Service
608 2nd Avenue South, Suite 1000
Minneapolis, MN 55402
Tel: 1-800-645-3751
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Fifth Third Securities, Inc.
38 Fountain Square Plaza
Cincinnati, Ohio 45263
Tel: 1-866-531-5353
MUFG Securities Americas Inc.
1221 Avenue of the Americas, 6th Floor
New York, New York 10020
Tel: 1-877-649-6848
Truist Securities, Inc.
Attn: Prospectus Dept.,
303 Peachtree Street,
Atlanta, GA 30308,
Tel: 1-800-685-4886
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
This press release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Important Cautionary Information Regarding Forward-Looking Statements
Certain statements in this release, other than purely historical information, including statements about the offering and the intended use of proceeds therefrom, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements that include the words “expect,” “intend,” “plan,” “seek,” “believe,” “project,” “predict,” “anticipate,” “potential,” “will,” “may,” “would” and similar statements of a future or forward-looking nature may be used to identify forward-looking statements. All forward-looking statements address matters that involve risks and uncertainties, many of which are beyond Triton’s control. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements.
These factors include, without limitation, economic, business, competitive, market and regulatory conditions and the following: the impact of COVID-19 on our business and financial results; decreases in the demand for leased containers; decreases in market leasing rates for containers; difficulties in re-leasing containers after their initial fixed-term leases; our customers’ decisions to buy rather than lease containers; dependence on a limited number of customers and suppliers for a substantial portion of revenues; customer defaults; decreases in the selling prices of used containers; extensive competition in the container leasing industry; difficulties stemming from the international nature of our business; decreases in demand for international trade; disruption to our operations resulting from the political and economic policies of the United States and other countries, particularly China, including but not limited to the impact of trade wars, duties and tariffs; disruption to our operations from failures of, or attacks on, our information technology systems; disruption to our operations as a result of natural disasters; compliance with laws and regulations related to economic and trade sanctions, security, anti-terrorism, environmental protection and corruption; our ability to obtain sufficient capital to support our growth; restrictions imposed by the terms of our debt agreements; changes in tax laws in Bermuda, the United States and other countries and other risks and uncertainties, including those risk factors set forth in the section entitled “Risk Factors” in our Form 10-K filed with the SEC on February 16, 2021 and our preliminary prospectus supplement and accompanying prospectus related to the public offering filed with the SEC on January 11, 2022.
The foregoing list of important factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included herein and elsewhere. Any forward-looking statements made herein are qualified in their entirety by these cautionary statements, and there can be no assurance that the actual results or developments anticipated by us will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on Triton or its business or operations. Except to the extent required by applicable law, we undertake no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
About Triton International Limited
Triton International Limited is the world’s largest lessor of intermodal freight containers. With a container fleet of 7.1 million twenty-foot equivalent units (“TEU”), Triton’s global operations include acquisition, leasing, re-leasing and subsequent sale of multiple types of intermodal containers and chassis.
Andrew Greenberg
Senior Vice President
Business Development & Investor Relations
914-697-2900
BATON ROUGE, La.--(BUSINESS WIRE)--#americanjobs--Lightsource bp has successfully closed on a $533 million multi-project financing package and mobilized construction on its 345 megawatt (dc) Ventress Solar project located 30 miles northwest of Baton Rouge in Pointe Coupee Parish. Lightsource bp will build, own and operate the facility and sell the clean, renewable energy it generates to McDonald’s Corporation and eBay Inc. under long-term power purchase agreements.
Emma Cox, Global Renewable Energy Lead at McDonald’s: “This unique partnership between Lightsource bp, eBay and McDonald’s is an example of how large brands can come together to drive meaningful impact at a local level. We’re thrilled to see our values come to life in a project like Ventress Solar and realize this important next step toward it coming online.”
Ventress Solar project supported by world-class finance partners
Ventress Solar is part of a 480 megawatt, $533 million portfolio financing package for multiple solar projects. Debt for the portfolio was provided by the following Mandated Lead Arrangers, with the balance of equity requirements invested and supported by Lightsource bp.
In just two years, the Lightsource bp team has raised over $2.3 billion in financing for its projects in ten states across the US.
Bringing environmental and economic benefits to the local community
Kevin Smith, CEO of the Americas, Lightsource bp: “Beyond improving the health and energy security of communities across America, large-scale solar projects help strengthen local economies. As the owner and operator of the Ventress solar farm, we look forward to bringing economic benefits to Pointe Coupee Parish, along with fostering long-term community partnerships.”
Construction of the Ventress solar farm will:
Construction has started, with full commercial operation expected in late 2023. LPL Solar has been selected by Lightsource bp as the Engineering, Procurement, and Construction (EPC) contractor for the photovoltaic (PV) solar plant. Ampirical Solutions, headquartered in Louisiana, has been selected as the EPC for the project substation and the switchyard.
About Lightsource bp
Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. Our team includes over 600 industry specialists, working across 16 countries. We provide full scope development for our projects, from initial site selection, financing and permitting through to long-term management of solar projects and power sales to our clients. Lightsource bp in the U.S. is headquartered in San Francisco with development offices in Denver, Philadelphia, Atlanta, and Austin. For more information visit lightsourcebp.com, follow us on Twitter @lightsourceBP and Instagram @lightsourcebp or view our LinkedIn page.
Resources
Ventress project website
For media inquiries please contact Mary Grikas at This email address is being protected from spambots. You need JavaScript enabled to view it..
HOUSTON--(BUSINESS WIRE)--DXP Enterprises, Inc. (NASDAQ: DXPE) today announced Nick Little and Paz Maestas were appointed the new Chief Operating Officer (COO) and Chief Marketing & Technology Officer (CM&TO), respectfully, effective January 7, 2022.
As COO, Nick Little is responsible for providing companywide leadership, team management and strategic vision to employees. Mr. Little began his career with DXP eighteen years ago as an application engineer. During his tenure, Nick has held various roles of increasing responsibility including outside sales, Director of Operations and more recently as the Regional Vice President of Sales and Operations. In his new role, he will be responsible for the execution of the strategic direction of the Company and oversee sales, operations and inventory management and procurement. He holds a Bachelor of Business Administration in Finance from Baylor University.
Paz Maestas was appointed Chief Marketing and Technology Officer. Mr. Maestas has been with DXP since 2002 and leads the Company’s e-commerce and Omni-Channel initiatives. In his twenty years with DXP, he has served in various roles and most recently as Vice President of Marketing & Operations. He holds a Bachelor of Science in Computer Science from the University of Texas at Austin.
David Little, Chairman and CEO remarked, “DXP has an outstanding leadership team that is the result of a focus on growing and improving the business talent at DXP. Nick and Paz’ wealth of company knowledge and expertise will be instrumental for DXP as we continue to grow and invest and enhance DXP going forward. Nick is a collaborative leader with a deep understanding of DXP’s history and extensive experience having been around the business nearly twenty years. With the appointments of Nick Little and Paz Maestas, we are well positioned to take full advantage of the industry’s recovery and transition into the long-term future.”
About DXP Enterprises, Inc.
DXP Enterprises, Inc. is a leading products and service distributor that adds value and total cost savings solutions to industrial customers throughout the United States, Canada and Dubai. DXP provides innovative pumping solutions, supply chain services and maintenance, repair, operating and production ("MROP") services that emphasize and utilize DXP’s vast product knowledge and technical expertise in rotating equipment, bearings, power transmission, metal working, industrial supplies and safety products and services. DXP's breadth of MROP products and service solutions allows DXP to be flexible and customer-driven, creating competitive advantages for our customers. DXP’s business segments include Service Centers, Innovative Pumping Solutions and Supply Chain Services. For more information, go to www.dxpe.com.
The Private Securities Litigation Reform Act of 1995 provides a “safe-harbor” for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made by or to be made by the Company) contains statements that are forward-looking. These forward-looking statements include without limitation those about the Company’s expectations regarding the impact of and recovery from the COVID-19 pandemic and the impact of low commodity prices of oil and gas; the Company’s business, the Company’s future profitability, cash flow, liquidity, and growth. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future; and accordingly, such results may differ from those expressed in any forward-looking statement made by or on behalf of the Company. These risks and uncertainties include, but are not limited to; decreases in oil and natural gas prices; decreases in oil and natural gas industry expenditure levels, which may result from decreased oil and natural gas prices or other factors; ability to obtain needed capital, dependence on existing management, leverage and debt service, domestic or global economic conditions, economic risks related to the impact of COVID-19, ability to manage changes and the continued health or availability of management personnel and changes in customer preferences and attitudes. In some cases, you can identify forward-looking statements by terminology such as, but not limited to, “may,” “will,” “should,” “intend,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “goal,” or “continue” or the negative of such terms or other comparable terminology. For more information, review the Company’s filings with the Securities and Exchange Commission. More information on these risks and other potential factors that could affect the Company’s business and financial results is included in the Company’s filings with the SEC, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. The Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.
Kent Yee, 713-996-4700
Senior Vice President, CFO
www.dxpe.com
CONWAY, Ark.--(BUSINESS WIRE)--#americanjobs--Lightsource bp has successfully closed on a $533 million multi-project financing package and will soon mobilize construction on its 135 megawatt (dc) Conway Solar project located near Happy, Arkansas, approximately 55 miles northeast of Little Rock. Lightsource bp will build, own and operate the facility and deliver the clean, renewable energy it generates to Conway Corp under a long-term power purchase agreement for their customers in the City of Conway. The solar farm will generate enough electricity to power more than 21,400 homes, and will also play a role in reducing the city’s carbon footprint by the equivalent of CO2 emissions from 35,400 fuel burning cars annually.
Bret Carroll, Chief Executive Officer, Conway Corp: “Our mission is to provide safe, affordable, reliable, innovative and environmentally sound service to our customers. This solar project checks all those boxes. It is a project that will have lasting impact on our community. We look forward to working with Lightsource bp to get the project under construction and delivering service to our customers.”
Conway Solar at Happy project supported by world-class finance partners
Conway Solar is part of a 480 megawatt, $533 million portfolio financing package for multiple solar projects. Debt for the portfolio was provided by the following Mandated Lead Arrangers, with the balance of equity requirements invested and supported by Lightsource bp.
In the last two years, the Lightsource bp team has raised over $2.3 billion in financing for its projects in ten states across the US.
Bringing environmental and economic benefits to the local community
Kevin Smith, CEO of the Americas, Lightsource bp: “Beyond improving the health and energy security of communities across America, large-scale solar projects help strengthen local economies. As the owner and operator of the Conway solar farm at Happy, we look forward to bringing economic benefits to the region, along with fostering long-term community partnerships.”
Construction of the Conway Solar farm at Happy will:
Construction will start in March 2022, with full commercial operation expected in mid 2023. Gibson Technical Services (GTS), a Subsidiary of Orbital Energy Group, has been selected by Lightsource bp as the Engineering, Procurement, and Construction (EPC) contractor for the photovoltaic (PV) solar plant.
Jim O’Neil, Vice Chairman and CEO, Orbital Energy Group: “Orbital Energy Group recognizes Lightsource bp as a leading utility scale solar developer in the nation and appreciates the relationship we have established moving the Conway project to the construction phase. We fully expect to advance our partnership with Lightsource bp, safely completing this project on time, and with quality workmanship.”
About Lightsource bp
Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. Our team includes over 600 industry specialists, working across 16 countries. We provide full scope development for our projects, from initial site selection, financing and permitting through to long-term management of solar projects and power sales to our clients. Lightsource bp in the U.S. is headquartered in San Francisco with development offices in Denver, Philadelphia, Atlanta, and Austin. For more information visit lightsourcebp.com, follow us on Twitter @lightsourceBP and Instagram @lightsourcebp or view our LinkedIn page.
Resources
Conway Solar at Happy project website
Mary Grikas
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Wide application includes vehicles, industrial equipment and energy storage systems.
TOKYO--(BUSINESS WIRE)--Toshiba Corporation (TOKYO: 6502), a company dedicated to advancing carbon neutrality through its technologies, products and services, today expanded its SCiB™ product offering with the launch of an innovative 20Ah-HP rechargeable lithium-ion battery cell that delivers high energy and high power at the same time.
The market wants batteries that deliver both high-energy and high-power characteristics, but until now this has required a trade-off for rechargeable lithium-ion batteries. In an EV, for example, a high-energy battery allows the vehicle to drive further on a single charge—but it lowers power input and output and extends charge times. Toshiba drew on its knowhow in current high-energy and high-power products to develop a new cell that successfully combines the advantages of both.
The cell is ideal for heavy-load applications where high power input and output are essential, and for situations where battery cells must suppress heat and operate continuously, such as rapid charging of commercial vehicles, regenerative power systems for rolling stock, and industrial equipment. The cell is the same size as Toshiba’s current 20Ah product, allowing current customers to easily upgrade to the improved input and output power with the same module pack. The cell is now available to order worldwide.
Product Features
1. Excellent heat suppression
Compared to Toshiba’s current 20Ah cell, the new 20Ah-HP cell delivers 1.7x higher input and 1.6x higher output, realized by an approximately 40% reduction of resistance in the cell. This improvement efficiently suppresses heat generation when a large current is applied, allowing design of a simpler cooling system. For example, depending on the customer's system, water cooling can be simplified to forced air cooling, and forced air cooling simplified to natural cooling. The lowered resistance also reduces overvoltage, allowing the cell to function in a wider range of state-of-charge (SOC).
2. Long life
The new 20Ah-HP cell achieves a longer life than the current 20Ah cell by suppressing heat during continuous charging and discharging, due to its lower internal resistance. Under the test conditions shown in figure 1, the cell maintained almost 100% capacity after 8,000 charge/discharge cycles, while the capacity of the current 20Ah cell decreased by approximately 10%.
3. Compatibility
The new 20Ah-HP cell delivers improved input and output power but maintains the same size as the current 20Ah cell, allowing current customers to easily upgrade to the improved performance with the same module pack.
Applications
Toshiba expects to see the new cell deployed in automobiles, industrial equipment, and storage battery systems. Some examples include drive power supply and emergency power supply for railways, regenerative power supply for harbor cranes, electric ferries, hybrid buses, trucks, hybrid electric vehicles (HEVs) and plug-in HEVs (PHEVs), alternatives to lead-acid batteries and storage battery systems.
Product specifications
Product name |
20Ah-HP Cell |
Rated capacity |
20Ah |
Nominal voltage |
2.3V |
Input power |
1900W* （SOC 50%, 10sec, 25℃） |
Output power |
1900W* （SOC 50%, 10sec, 25℃） |
Energy density (volume) |
176Wh/L |
Energy density (mass) |
84Wh/kg |
Dimensions |
W116 × D22 × H106 mm |
Weight |
Approx. 545g |
* Calculated value with internal resistance
About Toshiba Corporation
Toshiba leads a global group of companies that combines knowledge and capabilities from over 140 years of experience in a wide range of businesses—from energy and social infrastructure to electronic devices—with world-class capabilities in information processing, digital and AI technologies. These distinctive strengths support Toshiba’s continued evolution toward becoming an Infrastructure Services Company that promotes data utilization and digitization, and one of the world’s leading cyber-physical-systems technology companies. Guided by the Basic Commitment of the Toshiba Group, “Committed to People, Committed to the Future,” Toshiba contributes to society’s positive development with services and solutions that lead to a better world. The Group and its 120,000 employees worldwide secured annual sales surpassing 3.1 trillion yen (US$27.5 billion) in fiscal year 2020. Find out more about Toshiba at www.global.toshiba/ww/outline/corporate.html
For Media Enquiries:
Samantha Smoak, PAN Communications
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For Products: https://www.webcom.toshiba.co.jp/scib/en/contact.php?cate=all
SAN ANTONIO, Texas & DAMMAN, Saudi Arabia--(BUSINESS WIRE)--Streamline Innovations, Inc. (Streamline) and Zamil Group Trade & Services (Zamil), a trading company and supplier to the energy industry, are pleased to announce a partnership to market and deploy Streamline’s environmentally forward treatment solutions for hydrogen sulfide (H2S) in the Kingdom of Saudi Arabia (KSA). Under the terms of the Agreement, Zamil is serving as Streamline’s agent in the KSA.
This business initiative comes at a time when the collective Middle East energy industry is moving toward more sustainable operations aimed at improving Environmental, Social and Governance (ESG) performance. Saudi Arabia recently announced its intent to reach net-zero greenhouse gas emissions by 2060 by implementing a diverse set of initiatives in the Kingdom aimed at protecting the environment and addressing climate change. More specifically, Saudi Aramco, the world's largest energy company, previously committed to the World Bank Initiative “Zero Routine Flaring by 2030.”
Crude oil and natural gas production streams are often contaminated with H2S, which represents a serious hazard to human health and is highly corrosive to infrastructure. This “sour” gas is routinely flared to destroy the H2S, but flaring results in the generation of sulfur dioxide (SO2) emissions, which contributes to environmental hazards, including acid rain and respiratory ailments in humans.
To utilize sour oil and gas for beneficial uses, such as power generation, it must be treated to remove the H2S. Conventional treatment methods are typically expensive, generate negative downstream effects and do not permanently prevent the H2S from reconstituting itself. Streamline and Zamil are partnering to provide vital H2S treating services throughout the KSA with the Valkyrie™ and Talon® solutions, which safely break down H2S at the molecular level into elemental sulfur.
The partnership will focus on initiatives and other opportunities designed to reduce or eliminate H2S and SO2 emissions while creating sustainable, usable energy in the form of clean natural gas or electricity and facilitate capture and use of related carbon dioxide (CO2) streams. Streamline’s biodegradable chemistry and cutting-edge technology delivers the next-generation Redox process, converting toxic gas into elemental sulfur that can be utilized for organic food production, while providing the lowest overall lifecycle cost.
“Partnering with Zamil is an important part of our international growth plan to bring our environmentally forward solutions to Saudi Arabia and the Gulf, one of the world’s most important energy producing regions,” said David Sisk, CEO of Streamline Innovations. “As momentum grows to achieve net-zero emissions and mitigate climate change, Streamline’s solutions are poised to play a significant role in achieving environmental performance objectives. Zamil is an established, well-respected company with a long track record of successfully introducing new technology to Saudi Arabia and beyond. This is the second partnership in the Middle East we have announced in the past three months, which is a testament to the growing momentum in the demand for our innovative, technology-based solutions that simultaneously add economic value while improving environmental performance.”
“The establishment of this relationship with Streamline Innovations comes at an important time for the Kingdom of Saudi Arabia,” said Khalid Al Zamil, Chairman. “The KSA has made meaningful commitments to achieve net-zero emissions and improve sustainability. We believe novel and effective technologies, like those offered by Streamline, offer the best alternatives for achieving the Kingdom’s environmental goals in the shortest amount of time. Streamline’s solutions strengthen our portfolio of technology and services to help the KSA maintain its role as the world's key supplier of responsibly sourced energy.”
Streamline brings its environmentally forward technology and technical expertise to the partnership, while Zamil provides access and entry to the Saudi Arabian market, local expertise, infrastructure and established customer relationships, including Saudi Aramco.
About Zamil Group Trade & Services
Zamil Group Trade & Services was formed in the mid-1930s. We function as partners to overseas manufacturers, and we are proud to represent many well-known international companies, trading establishments, services and consultancy firms. Our vast experience and enthusiastic team of experts has made us the friendliest and most welcomed supplier to our esteemed clients.
We are registered as an approved supplier with all major companies in the Kingdom of Saudi Arabia like ARAMCO, SABIC, SWCC, SEC, MARAFIQ, KJO, MOW and Consulting Firms.
Our products and services cater for sectors as diverse as Oil & Gas, Power, Chemical, Petrochemicals, Mechanical, Non-Metallic, Steel & Metrological, Electrical, Instrumentation, and Materials Handling. We are well known for constantly encouraging innovation and modern technologies. Our services and outstanding logistical support to our clients has given us the competitive edge over others in Saudi Arabia and GCC countries.
Zamil Group Trade & Service is affiliated to Zamil Group. Visit zamilts.com for more information.
About Streamline Innovations
Streamline Innovation’s vision is Eliminating Pollution Through Technology. We help heavy industry around the world achieve environmental performance objectives, improve sustainability, and transition to a sustainable, low-carbon economy.
Streamline’s environmentally forward H2S treating solutions help achieve the “E” in ESG. H2S is present in many industrial processes throughout the world. Our technology can be applied across industries, delivering a sustainable solution that eliminates H2S, a leading cause of human inhalation accidents and SO2 emissions when burned, a primary cause of acid rain. Talon treats effectively in both gas and water phases.
We also believe that achieving ESG directives requires data. Creating intelligent systems that operate effectively and efficiently without human intervention is critical to measuring and reducing emissions that harm the environment. We integrate advanced process control, data collection and analytics in our technologies to provide a total solution for customers.
We serve organizations in multiple sectors, including Energy/Oil & Gas, Biogas, Landfill Gas & Renewable Fuels, Municipal Wastewater and Industrial Air & Water. Visit streamlineinnovations.com for more information.
Streamline Innovations
Steve Bagley
Director, Business Development
Streamline Innovations, Inc.
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Zamil Group Trade & Services
Osama Salah
General Manager
Zamil Group Trade & Services Co. Ltd
Zamil Group
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HELSINKI--(BUSINESS WIRE)--#AltumTechnologies--Altum Technologies Oy (CEO: Matias Tainela, HQ in Helsinki Finland, hereinafter “Altum”) and Nippon Steel Engineering Co., Ltd. (CEO: Yukito Ishiwa, HQ in Tokyo, Japan, hereinafter referred to as “NSE”) are announcing joint collaboration to launch a new Smart Cleaning Service.
This new service will allow process manufacturers to clean and prevent fouling from industrial equipment and piping by using software-guided ultrasonic technology. Both companies have now signed a licensing agreement of Altum’s ZPD technology to make the Smart Cleaning Service available throughout Japan across different industries like energy, petrochemicals, paper manufacturing, food, beverage companies and more.
Now Altum and NSE are combining forces to provide an ultrasonic solution that is not only powerful enough but effective for large and several types of industrial process equipment and devices. From now on companies won’t be suffering from fouling and its many related issues like production and capacity loss.
Regarding the current market size, which the Smart Cleaning Service will be covering in Japan, is estimated to be $1.8 billion dollars (200 billion yen). NSE and Altum will continue working towards expanding this market size to new heights.
The goal of Altum and NSE collaboration is not only to bring benefits to the industry but also to the entire Planet as there will be CO2 emissions reduction from industrial production facilities. In addition, alternative methods of cleaning include toxic chemicals and it is the aim of Altum and NSE to eliminate or reduce the need of using these chemicals for cleaning production processes. NSE’s and Altum’s ultrasonic service will serve as an unprecedented tool to fight climate change to help companies to meet several of the UN set SDGs.
Altum has also secured next round of growth funding from LocalTapiola insurance companies, Tesi (Finnish Industry Investment Ltd) and Maki.vc.
Altum provides its ZPD service globally to process industry contributing to improve the energy efficiency of factories. This will reduce the environmental burden and will contribute to the realization of a carbon-neutral society through its widespread use.
Bo Malmberg
Chairman of the board and co-founder
+358 40 515 6373
Altum Technologies Oy
Helsinki, Finland
https://altumtechnologies.com
Funding to Accelerate Commercial Deployment of Fail-safe, Point-of-Use Lithium-Ion Battery Storage Technology
BUFFALO, N.Y.--(BUSINESS WIRE)--#VCfunding--Viridi Parente, Inc. (Viridi), a leader in developing safe, resilient, point-of-use battery storage technology, has raised $94.695 million in a Series C funding round. This round of funding, in which Viridi is valued, post-money, at $700 million, marks the next step toward the company’s vision to manufacture fail-safe, point-of-use lithium-ion battery technology at scale.
The Series C round was led by existing investor B. Thomas Golisano, an entrepreneur, philanthropist, and civic leader who has demonstrated an ongoing dedication to building innovative businesses. New investors include Ashtead Group/Sunbelt Rentals, a leader in the equipment rental industry providing a highly diversified offering of equipment and solutions that service a broad customer base with more than 1,025 locations supporting a rental fleet of $11 billion, and National Grid Partners, the investment arm of National Grid, one of the world’s largest investor-owned energy companies.
According to Jon M. Williams, Chairman and CEO, Viridi Parente, Inc., “Point-of-use energy storage has the potential to more than double the delivered capacity of our entire energy transmission system without additional investment in new infrastructure. Passenger vehicles currently represent roughly 3% of the world’s total GDP. The majority of the innovation around this technology is focused on battery powered vehicles, however, technology designed for cars does not translate into other sectors of the economy where safety, resilience and cycle life are the leading design requirements. Viridi is developing safe, resilient and cost-effective point-of-use lithium-ion battery systems that will power the other 97% of our economy.”
Viridi’s Green Machine brand has set the standard as the first lithium-ion pack system to meet the demands of the construction and heavy industrial markets, with systems that feature long cycle life, resilient physical design and completely self-contained architecture. Green Machine has over 250,000 hours of field use with actual customers on its portable lithium-ion battery systems, in a market projected to reach USD $205 billion in North America by 2025.
Viridi’s Volta Energy brand offers stationary lithium-ion battery pack systems designed and tested to be fail-safe for installation in occupied spaces. Systems can be configured to provide from 50 kWh to 5 MW of distributed energy storage at the point-of-use.
Applications range from data centers and manufacturing, to residential and commercial, to medical and research facilities — anywhere that fail-safe, resilient, renewable energy is needed. According to Bloomberg New Energy Finance (BNEF), energy storage installations will reach over one gigawatt-hour by 2030 and will require more than $262 billion of investment, with about one quarter of installations to be located at homes and businesses.
B. Thomas Golisano said, “We are excited to be part of Viridi’s next growth phase. In a short period of time the market demand has been extraordinary, therefore the need to increase production to meet this demand is imperative. This funding round should not only help satisfy near-term demand but set the company up for longer-term growth.”
“We are thrilled to partner with Viridi Parente to bring products to the market that meet the increasing demands for non-fossil fuel dependent equipment our customers are seeking in order to achieve their carbon reduction commitments,” stated Brad Coverdale, Sunbelt Rental’s Vice President of Fleet and Procurement.
“At National Grid, we know decarbonizing transport is critical to achieving net zero,” said Lisa Lambert, Chief Technology & Innovation Officer, National Grid and President & Founder, National Grid Partners. “And while momentum’s been gaining in consumer cars and trucks, there’s not been nearly enough focus on industrial vehicles, which create significant amounts of greenhouse gases. National Grid Partners is excited to support the Viridi Parente team, and we look forward to helping them seize this emerging market opportunity.”
With safety being a key factor to the success of point-of-use battery storage, Viridi Parente is working with KULR Technology Group, Inc. (NYSE American: KULR) to combine its patented safety technology with Viridi’s battery architecture, creating a pack system that is safe enough to install indoors and durable enough to withstand the outdoor elements. KULR’s technology is being used on the Mars 2020 Perseverance Rover and other mission-critical NASA applications.
“Volta Energy’s pack architecture uses the same carbon fiber thermal management technologies we developed for NASA’s demanding space program, including crewed missions. Viridi has not only innovated fail-safe pack design using these new technologies, they have innovated methods for testing pack safety in extreme conditions that no one else has even attempted. We’re very excited to be part of the technology to bring fail-safe lithium-ion energy storage to point-of-use customers. This strategic investment by Sunbelt Rentals and National Grid means that Viridi has the channels that can scale this technology into a massive market,” said KULR’s CEO, Michael Mo.
About Viridi Parente
Viridi Parente, Inc. (Viridi) is a point-of-use lithium-ion battery technology company based in Buffalo, New York, that is reimagining energy storage. Viridi’s innovative, fail-safe battery technology, developed from materials used for aerospace and military applications, is the only design in the market that can be safely installed and operated in nearly any environment or location, bringing fail-safe battery storage technology into applications that have historically been dominated by fossil fuel and lead-acid systems. Through its Green Machine brand, Viridi is bringing fully renewable mobile energy solutions to products in construction, waste disposal, last-mile delivery, and other portable industrial markets.
Through its Volta Energy brand, Viridi brings stationary, point-of-use battery technology that is fail-safe, adaptable, and reliable to industrial, medical, commercial, municipal, and residential building applications. Viridi’s innovation extends to creating social as well as economic value, by repurposing abandoned manufacturing sites, located in economically depressed urban areas, and creating jobs in these challenged communities where they are needed most. Learn more at: www.viridiparente.com.
About B. Thomas Golisano/Grand Oaks Capital
Grand Oaks Capital is an investment firm founded by B. Thomas Golisano that makes strategic investments in both public and private securities.
About Sunbelt Rentals
We MAKE IT HAPPEN! With a passionate team of 17,000 rental experts, a growing network of more than 1,025 locations and an extensive equipment fleet that exceeds $11 billion, Sunbelt Rentals helps professionals and do-it-yourselfers get things done. With a highly diversified offering of equipment, solutions, and services available, we assist customers throughout North America extend their capabilities, complete projects on-time and handle times of crisis. No matter if you are in commercial, industrial, residential, or municipal industries, we are constantly advancing the idea of what an equipment company can do for its customers. Visit sunbeltrentals.com to find out what we can do for you.
About National Grid Partners
National Grid Partners (NGP) is the venture investment and innovation arm of National Grid plc., one of the largest investor-owned energy companies in the world. NGP invests for strategic and financial impact and leads companywide disruptive innovation efforts. The organization provides a multi-functional approach to building startups, including innovation (new business creation), incubation, corporate venture capital, business development and venture acceleration. NGP is headquartered in Silicon Valley and has offices in Boston, London, and New York. Visit ngpartners.com or follow us at www.twitter.com/@ngpartners and www.linkedin.com/showcase/national-grid-partners.
Wendy Prabhu, Mercom Communications
Tel: 1-512-215-4452
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
HOUSTON--(BUSINESS WIRE)--Titan Division of Hunting Energy Services, a subsidiary of Hunting PLC, the international energy services company, today announced an exclusive licensing agreement with Nammo Defense Systems Inc. for the manufacture of time delay fuses for Hunting’s perforating applications.
Time delay fuses provide a controlled delay for operators to position perforating guns after commencing the firing sequence in a tubing-conveyed perforating operation.
According to Jason Mai, managing director of Hunting’s Titan Division, the licensing agreement allows Hunting to enter the oil and gas market with its own version of time delay products and removes constraints associated with purchasing time delay fuses from outside manufacturers.
“We’re now positioned to control manufacturing, develop complementary products that will better serve our customers, and increase our revenue and profit opportunities,” said Mai.
The innovative manufacturing method developed by Nammo Defense included in the license agreement will also allow Hunting to pursue non-oil and gas opportunities.
Hunting’s perforating technology is accessible through Hunting’s network of distribution centers strategically located in all the world’s oil-producing regions.
About Hunting
Hunting PLC is an international energy services provider to the world's leading upstream oil and gas companies. Established in 1874, it is a premium-listed public company traded on the London Stock Exchange. The company maintains a corporate office in Houston and is headquartered in London. As well as the United Kingdom, the company has operations in Canada, China, Indonesia, Mexico, Netherlands, Norway, Saudi Arabia, Singapore, United Arab Emirates and the United States of America.
The company’s Hunting Energy Services Titan Division engineers and manufactures perforating systems, wireline selective firing systems, cased hole logging instruments, nuclear detectors, energetics, and associated wireline hardware and accessories.
About Nammo Defense Systems Inc.
With its headquarters located in Mesa, Arizona, Nammo Defense Systems Inc. (NDS) specializes in the design, development and manufacture of ammunition and energetic material solutions for defense as well as selected commercial applications. NDS’ defense products include shoulder-fired weapon systems, propellant powders and a variety of rocket motors for fighter aircraft in addition to the manufacture of commercial ammunition and propellant powders. NDS is part of the Nammo group of companies, a conglomeration of expert companies and facilities within the ammunition, rocket motor, explosives and pyrotechnics business sectors in North America and across Europe.
Business Contacts:
John Feuerstein, Hunting, 281-442-7382, This email address is being protected from spambots. You need JavaScript enabled to view it.
Tim McDavid, Nammo Defense Systems Inc. +1 480.714.5791 This email address is being protected from spambots. You need JavaScript enabled to view it.
Communications Contact: Carole Thompson, Nammo Defense Systems Inc. +1 480.647.3287 This email address is being protected from spambots. You need JavaScript enabled to view it.
HOUSTON--(BUSINESS WIRE)--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) announced today that it will hold a conference call on Wednesday, January 26, 2022 at 12:00 p.m. Eastern Time to discuss its fourth quarter 2021 earnings release.
To phone into the conference call, parties in the United States should dial 866-395-9624 and enter the passcode 5556718 after 11:45 a.m. Outside the United States, parties should dial 213-660-0871 and enter the passcode 5556718. This conference call will also be accessible by webcast (audio only) on Hess Midstream’s website at www.hessmidstream.com.
A replay of the conference call will be available from January 26, 2022 through February 10, 2022, by dialing 855-859-2056 and entering the passcode 5556718. Outside the United States, parties should dial 404-537-3406 and enter the passcode 5556718.
About Hess Midstream
Hess Midstream is a fee-based, growth-oriented, midstream company that owns, operates, develops and acquires a diverse set of midstream assets to provide services to Hess and third-party customers. Hess Midstream owns oil, gas and produced water handling assets that are primarily located in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota. More information is available at www.hessmidstream.com.
Forward Looking Statements
This press release may include forward-looking statements within the meaning of the federal securities laws. Generally, the words “anticipate,” “estimate,” “expect,” “forecast,” “guidance,” “could,” “may,” “should,” “believe,” “intend,” “project,” “plan,” “predict,” “will” and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results and current projections or expectations. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the filings made by Hess Midstream with the U.S. Securities and Exchange Commission, which are available to the public. Hess Midstream undertakes no obligation to, and does not intend to, update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Investor Contact:
Jennifer Gordon
(212) 536-8244
Media Contact:
Robert Young
(713) 496-6076
A Milestone Closer to 100% Renewable Energy
TAIPEI, Taiwan--(BUSINESS WIRE)--As a response to the nation’s net-zero carbon emissions goals, E.SUN FHC has voiced its commitment to use 100% renewable energy by 2030. To achieve this goal, the company will increase its green energy usage by 10% each year. By building solar power equipment and purchasing green energy, the first green energy wheeling project was completed in 2021. The annual energy production of solar power projects that have already completed energy wheeling has reached 4.25 million kWh or 10% of the annual power consumption. E.SUN’s model zero-carbon Chiayi Branch and the soon-to-open second headquarters building will be the first to start using green energy.
Chairman Joseph N. C. Huang (黃男州) of E.SUN Commercial Bank stated that E.SUN started planning its green energy procurement since the beginning of 2020. E.SUN conducted analyses and discussions with external energy providers on its energy usage to find the most suitable energy generation methods and locations for its energy projects. After multiple meetings, and signing power purchase agreements, the projects were reviewed and approved by Taiwan Power Company, the Bureau of Energy, MEA, local governments, and the Bureau of Standards, Metrology and Inspection, MOEA. Finally, the first green energy wheeling project was completed in December 2021.
Furthermore, the solar power project in Chiayi is expected to begin green energy wheeling in the first quarter of 2022. By then, the E.SUN headquarters building, along with eight other branches, will have started using green energy, which will account for 8% of E.SUN’s total power consumption. This energy in addition to the green energy that has been wheeled accounts for 18% of the company’s annual power consumption.
E.SUN has implemented energy-saving measures including building solar power generation equipment, and signing power purchase agreements to lower its carbon emissions,. Since 2017, solar power panels have been installed on the rooftops of some of the company’s branches. By 2021, 20 branches have installed solar power panels, reaching a total installed capacity of 159 kW, and generating approximately 220,000 kWh of power per year.
E.SUN has proactively created a sustainable operating environment through green buildings, solar-powered branches, and green energy procurement. E.SUN has shown its determination to use 100% green energy by 2030 and become a “Net-zero Bank” by 2050.
Public Relations, E.SUN FHC
Virginia Lin
This email address is being protected from spambots. You need JavaScript enabled to view it.
(+8862)2175-1335
BELMONT, N.C.--(BUSINESS WIRE)--Piedmont Lithium Inc. (“Piedmont Lithium” or the “Company”) (NASDAQ: PLL) (ASX: PLL) today announced that after convening the Company’s 2022 Annual Meeting of Stockholders (the “Annual Meeting”) virtually on Tuesday, January 11, 2022, at 11 a.m. Eastern Time, the Company adjourned the Annual Meeting until Thursday, February 3, 2022 at 2 p.m. Eastern Time. Due to the COVID-19 pandemic and to mitigate the risks to the health and safety of our community, stockholders and employees, Piedmont Lithium will also be holding its rescheduled Annual Meeting in a virtual-only format, by way of webcast, and no physical or in-person meeting will be held.
At the original scheduled time of the Annual Meeting, a total of 7,329,207 shares of the Company’s common stock, or 46.18% of the common stock outstanding and entitled to vote as of November 22, 2021 (including shares of common stock underlying CHESS Depositary Interests (“CDIs”)), the record date for the Annual Meeting (the “Record Date”), were present at the Annual Meeting, either virtually or represented by proxy, which fell short of the majority of shares of common stock outstanding and entitled to vote required to reach quorum. For the sole reason of the lack of quorum, the Company adjourned the Annual Meeting to provide the Company’s stockholders additional time to vote their shares.
The preliminary voting tabulation, as of the original scheduled time of the Annual Meeting, is set forth below. As a reminder, the polls remain open and we encourage all stockholders to vote their shares if they have not already done so. Details of the final voting results, including votes validly received at the rescheduled Annual Meeting, will be tabulated and included with the official minutes of the Annual Meeting and will be available for all stockholders in our filings with the U.S. Securities and Exchange Commission within four business days.
|
Votes For |
Votes Withheld |
Broker Non-Votes |
|||||
Proposal 1. Election of Class I Directors |
|
|
|
|||||
|
3,097,354 |
|
60,068 |
|
4,171,785 |
|||
|
3,037,072 |
|
120,350 |
|
4,171,785 |
|||
|
|
|
|
|||||
|
Votes For |
Votes Against |
Abstentions |
Broker Non-Votes |
||||
Proposal 2. Ratification of Deloitte & Touche LLP as Independent Auditor |
7,131,059 |
|
165,652 |
|
32,496 |
|
- |
|
|
|
|
|
|
|
|
|
|
Proposal 3. Approval to issue 10,786 stock options to Mr. Keith Phillips |
1,914,920 |
|
1,184,493 |
|
58,009 |
|
4,171,785 |
|
|
|
|
|
|
|
|
|
|
Proposal 4. Approval to issue 5,344 restricted stock units to Mr. Keith Phillips |
2,511,398 |
|
586,044 |
|
59,980 |
|
4,171,785 |
|
|
|
|
|
|
|
|
|
|
Proposal 5. Approval to issue 1,796 restricted stock units to Mr. Jeff Armstrong |
2,008,587 |
|
1,089,972 |
|
58,863 |
|
4,171,785 |
|
|
|
|
|
|
|
|
|
|
Proposal 6. Approval to issue 1,197 restricted stock units to Mr. Jorge Beristain |
1,983,107 |
|
1,090,525 |
|
83,790 |
|
4,171,785 |
|
|
|
|
|
|
|
|
|
|
Proposal 7. Approval to issue 1,197 restricted stock units to Mr. Todd Hannigan |
2,006,853 |
|
1,092,079 |
|
58,490 |
|
4,171,785 |
|
|
|
|
|
|
|
|
|
|
Proposal 8. Approval to issue 1,197 restricted stock units to Mr. Claude Demby |
2,006,740 |
|
1,092,045 |
|
58,637 |
|
4,171,785 |
|
|
|
|
|
|
|
|
|
|
Proposal 9. Approval to issue 1,197 restricted stock units to Ms. Susan Jones |
2,009,241 |
|
1,089,373 |
|
58,808 |
|
4,171,785 |
|
We encourage all stockholders to actively take steps to vote their shares. See below under “How do I vote?” for instructions on how to vote if you have not already voted.
We also encourage all stockholders and interested parties to refer to our Annual Report and Form 10-K for the year ended June 30, 2021 which can be found on our website at www.piedmontlithium.com. You can also find our proxy materials, including our proxy statement dated November 30, 2021 (the “Proxy Statement”) on our website in the “Investors” section under “SEC Filings.” The Proxy Statement and Annual Report are also available at www.proxyvote.com.
How can I participate in the rescheduled virtual Annual Meeting?
Stockholders of record as of the close of business on the Record Date are entitled to participate in and vote at the rescheduled virtual Annual Meeting. To participate in the rescheduled Annual Meeting, including to vote, ask questions and view the list of registered stockholders as of the Record Date during the meeting, stockholders of record should go to the same meeting website at www.virtualshareholdermeeting.com/PLL2022, enter the 16-digit control number found on your proxy card or Notice of Internet Availability of Proxy Materials (the “Notice”) and follow the instructions on the website. If your shares are held in street name and your voting instruction form or Notice indicates that you may vote those shares through www.proxyvote.com, then you may access, participate in and vote at the rescheduled Annual Meeting with the 16-digit access code indicated on that voting instruction form or Notice. Otherwise, stockholders who hold their shares in street name should contact their bank, broker or other nominee (preferably at least five days before the rescheduled Annual Meeting) and obtain a “legal proxy” in order to be able to attend, participate in or vote at the rescheduled Annual Meeting.
The meeting webcast will begin promptly at 2 p.m. Eastern Time. Online check-in will begin approximately 15 minutes before then, and we encourage you to allow ample time for check-in procedures. If you experience technical difficulties during the check-in process or during the meeting, please call the number listed on the meeting website for technical support. Additional information regarding the rules and procedures for participating in the rescheduled Annual Meeting will be set forth in our meeting rules of conduct, which stockholders can view during the meeting at the meeting website. Regardless of whether you plan to participate in the rescheduled Annual Meeting, it is important that your shares be represented and voted. Accordingly, we encourage you to vote in advance of the rescheduled Annual Meeting.
How do I vote?
Full details on how to vote, change or revoke a vote, appoint a proxyholder, attend the rescheduled virtual Annual Meeting, ask questions and other general proxy matters are available in the Proxy Statement, available on the Company’s website or the sec.gov website.
The record date for determining stockholders and CDI holders eligible to vote at the Annual Meeting will remain the close of business on November 22, 2021. Stockholders and CDI holders who have already submitted a valid proxy do not need to vote again for the rescheduled Annual Meeting, as the proxies submitted will remain valid. Stockholders who have already submitted a proxy and want to change their vote, can update their vote in the manner set forth in the Proxy Statement. Your vote will be recorded at the rescheduled Annual Meeting in accordance with your most recently submitted proxy.
Piedmont Lithium stockholders and CDI holders as of close of business on the Record Date who have not voted are encouraged to vote by following the instructions in the Proxy Statement. Stockholders that need assistance voting or have questions may contact the Company’s proxy solicitation firm, Morrow Sodali, at This email address is being protected from spambots. You need JavaScript enabled to view it..
Previously, the voting cut-off date for CDI holders was 9 a.m. Australian Eastern Daylight Time, Thursday, January 6, 2022. Due to the adjournment of the Annual Meeting, the voting cut-off time for CDI holders has now been extended to Friday, January 28, 2022 at 9 a.m. Australian Eastern Daylight Time.
Whether or not you plan to attend the rescheduled virtual Annual Meeting, we urge you to vote and submit your proxy in advance of the Annual Meeting by one of the methods described in the Proxy Statement found on our corporate website.
About Piedmont Lithium Inc.
Piedmont Lithium is developing a world-class, multi-asset, integrated lithium business focused on enabling the transition to a net zero world and the creation of a clean energy economy in North America. The centerpiece of our operations, located in the renowned Carolina Tin Spodumene Belt of North Carolina, when combined with equally strategic and in demand mineral resources, and production assets in Quebec, and Ghana, positions us to be one of the largest, lowest cost, most sustainable producers of battery-grade lithium hydroxide in the world. We will also be strategically located to best serve the fast-growing North American electric vehicle supply chain. The unique geology, geography and proximity of our resources, production operations and customer base, will allow us to deliver valuable continuity of supply of a high-quality, sustainably produced lithium hydroxide from spodumene concentrate, preferred by most EV manufacturers. Our planned diversified operations should enable us to play a pivotal role in supporting America’s move toward decarbonization and the electrification of transportation and energy storage. As a member of organizations like the International Responsible Mining Association, and the Zero Emissions Transportation Association, we are committed to protecting and preserving our planet for future generations, and to making economic and social contributions to the communities we serve. For more information please visit www.piedmontlithium.com.
Keith Phillips
President & CEO
T: +1 973 809 0505
E: This email address is being protected from spambots. You need JavaScript enabled to view it.
Brian Risinger
VP – Investor Relations and Corporate Communications
T: +1 704 910 9688
E: This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Global Biogas Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.
The publisher has been monitoring the biogas market and it is poised to grow by $27.66 billion during 2021-2025, progressing at a CAGR of 9.79% during the forecast period.
The report on the biogas market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by increased generation of municipal solid waste and stringent regulations pertaining to the reduction of GHG emissions.
The biogas market analysis includes the application segment and geographic landscape. This study identifies the increasing government support for the development of biogas as fuel as one of the prime reasons driving the biogas market growth during the next few years.
Companies Mentioned
The report on biogas market covers the following areas:
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Key Topics Covered:
1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Five Forces Analysis
5. Market Segmentation by Application
6. Customer landscape
7. Geographic Landscape
8. Vendor Landscape
9. Vendor Analysis
10. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/ta8fxj
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
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VALLEY FORGE, Pa.--(BUSINESS WIRE)--#EarningsCall--UGI Corporation (NYSE:UGI) will announce the results of its first fiscal quarter earnings after the market closes on February 2. The company will hold a live internet audio webcast of its conference call to discuss results and other current activities at 9:00 AM ET on Thursday, February 3.
Interested parties may listen to the audio webcast both live and in replay on the Internet at https://www.ugicorp.com/investors/financial-reports/events-and-presentations or by visiting the company website https://www.ugicorp.com and clicking on “Investors” and then “Events and Presentations.”
A telephonic replay will be available from 12:00 PM ET on February 3 through 11:59 PM ET February 10. The replay may be accessed toll free at 855-859-2056 and internationally at +1 404-537-3406, conference ID 9390638.
About UGI
UGI Corporation is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, natural gas utilities in West Virginia, distributes LPG both domestically (through AmeriGas) and internationally (through UGI International), manages midstream energy assets in Pennsylvania, Ohio, and West Virginia and electric generation assets in Pennsylvania, and engages in energy marketing, including renewable natural gas, in the Mid-Atlantic region of the United States and California, and internationally in France, Belgium, the Netherlands and the UK.
Comprehensive information about UGI Corporation is available on the Internet at https://www.ugicorp.com.
INVESTOR RELATIONS
610-337-1000
Tameka Morris, ext. 6297
Arnab Mukherjee, ext. 7498
Shelly Oates, ext. 3202
DUBLIN--(BUSINESS WIRE)--The "Global Lubricating Oil Additives Market - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The global lubricating oil additives market is estimated to be USD 18.2 billion in 2021 and is projected to reach USD 20.4 billion by 2026, at a CAGR of 2.3% between 2021 and 2026.
Factors such as increasing demand from the automotive and industrial sector are the major driving factors of the lubricating oil additives market.
Whereas drive towards alternative fuels, rising competition from unorganized and fragmented market, and reduction in the use of metal parts by automakers are the major restraints for the lubricating oil additives. Increasing demand for renewable energy is a major opportunity for the lubricating oil additives market.
Anti-oxidants is estimated to be the fastest-growing type in the lubricating oil additives market between 2021 and 2026
Anti-oxidants help inhibit the oxidation process of oils as the mineral oils react with the oxygen of air forming organic acid. Some of the oxidation products such as peroxide, alcohols, acids, esters, aldehydes, and ketones increase the viscosity of oil, form sludge and varnish, and corrode the metallic parts that are prone to oxidation.
Therefore, anti-oxidants are additives that help increase the oxidative resistance of base oil and also allow the lubricants to operate effectively at higher temperatures. The anti-oxidants used as additives are zinc dithiophosphate (ZDP), alkyl sulfides, aromatic sulfides, aromatic amines, and hindered phenols.
Gear oil was the third-largest application for lubricating oil additives market in 2020
The lubricating oil additives market size for gear oil applications accounted for the third-largest share of global lubricating oil additives, in terms of value, in 2020 this was led by the demand from the automotive industry. Gear oil is a fluid lubricant used in the gearbox to reduce friction and wear of the gear tooth surface, reduce heat generated by the operating gear, and protect the gear parts from corrosion. It helps to operate efficiently at a different speed, temperatures, and oil contaminations. The gear oils are mostly used in the automotive and industrial sectors.
The automotive gear oil offers better low-temperature performance, improved thermal and oxidative stability, lower volatility, improved solubility characteristics, and viscometric at high temperatures. The major function of automotive gear oils is to provide protection between moving and mating parts. The finished automotive gear oils are mostly composed of base stocks with 5 to 10% of additives. These additives mainly include extreme pressure additives, dispersants, and rust & corrosion inhibitors.
The industrial gear oil is used to minimize wear, reduce friction, dissipate heat, and also used to remove abrasive particles. It offers excellent low-temperature performance, improved lubricity and lower tendency to form residues, and improved thermal and oxidation resistance. Industrial gear oils are mostly composed of 1 to 5 % of additives. These additives mainly include anti-foamer, rust & corrosion inhibitor, demulsifier, extreme pressure additives, and oxidation inhibitors.
Automotive was the major sector for the lubricating oil additives market in 2020 in the world
The lubricating oil additives market size for automotive accounted for the largest share of global lubricating oil additives, in terms of value, in 2020 this was led by the demand for passenger vehicles and commercial vehicles. To enhance the performance of the complex engine, advanced lubricant is being used which includes various additives such as viscosity index improvers, dispersants, detergent, anti-oxidants, anti-wear agent, rust & corrosion inhibitors, friction modifiers, extreme pressure additives, pour point depressant, and others.
APAC is estimated to be the largest lubricating oil additives market in 2020, in terms of volume
APAC is one of the most crucial markets of lubricating oil additives. This is basically led by the demand of lubricating oil additives from various end use industries in China, Japan, India, South Korea and Indonesia These countries have major companies related to the automotive and industrial sector, in this region. China dominates the lubricating oil additives market in APAC. The growing automotive industry in the major economies is the main driver for the lubricating oil additives market.
The lubricating oil additives market is dominated by key market players such as the Afton Chemical Corporation (US), The Lubrizol Corporation (US), Chevron Oronite Company LLC (US), Infineum International Limited (US), and Evonik Industries AG (Germany), among others.
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DULUTH, Minn.--(BUSINESS WIRE)--ALLETE (NYSE:ALE) today announced Senior Vice President and Chief Financial Officer Robert Adams will retire from the company later this year. As part of a planned transition, Adams will remain at the company until June 2022.
Adams has held a variety of roles in his more-than-35-year career with ALLETE, working directly with both rate-regulated and non-rate-regulated/diversification activities, since joining the Duluth-based company in 1987 as a financial analyst. He was named vice president of finance of Minnesota Power in 1997, chief risk officer and vice president of business development in 2008, and promoted to senior vice president of energy-centric businesses in 2015, where he had responsibility for three of ALLETE’s operating units: Superior Water, Light and Power; BNI Energy; and U.S. Water Services, Inc. In 2017, he advanced to senior vice president and CFO of ALLETE. He was also heavily involved in several successful company startups and was CEO of Reach-All Manufacturing for a period in the early 1990s.
"Bob led many of ALLETE’s successful diversification initiatives during his long career, and his strategic financial leadership has been integral to ALLETE’s clean-energy transformation," said ALLETE Chair, President and CEO Bethany Owen. "Bob has recruited and developed strong, talented, and experienced finance and accounting teams, who will continue to serve ALLETE with disciplined, strategic, and values-based leadership well into the future. ALLETE is a stronger, more resilient company because of Bob’s many contributions throughout his distinguished career, and we wish him the very best in his upcoming retirement."
Owen said Adams’ financial discipline serves the company well, evident in the 2015 acquisition of U.S. Water Services, Inc., an integrated water-solutions company, and its sale in 2019 to strategically redeploy capital into the growing renewable energy sector. That strategically reinvested capital helped secure ALLETE’s rank as the second-largest investor in renewable energy among North American investor-owned utilities, relative to company size, in a recent study.
"I’ve always said ALLETE’s people, through their engagement, collaborative nature and highly innovative capabilities, are a unique and key ingredient to the ‘special sauce’ behind the company’s achievements,” Adams said. “Today’s energy industry has such tremendous opportunity and growth potential. With a great team in place executing its sustainability in action strategy, ALLETE is well-positioned to thrive by taking full advantage of the opportunities in clean energy.”
Owen said Adams’ planned retirement is part of an orderly succession plan, and that ALLETE has initiated steps to identify a new chief financial officer and expects to do so in February 2022.
ALLETE, Inc. is an energy company headquartered in Duluth, Minnesota. In addition to its electric utilities, Minnesota Power and Superior Water, Light and Power of Wisconsin, ALLETE owns ALLETE Clean Energy, based in Duluth; and BNI Energy in Bismarck, N.D.; and has an eight percent equity interest in the American Transmission Co. More information about ALLETE is available at www.allete.com.
ALE-CORP
The statements contained in this release and statements that ALLETE may make orally in connection with this release that are not historical facts, are forward-looking statements. Actual results may differ materially from those projected in the forward-looking statements. These forward-looking statements involve risks and uncertainties and investors are directed to the risks discussed in documents filed by ALLETE with the Securities and Exchange Commission.
Investor Contact:
Vince Meyer
218-723-3952
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BOCA RATON, Fla.--(BUSINESS WIRE)--Validor Capital, a private investment firm, announced today that it has made an investment in Fi-Foil Company, Inc. (“Fi-Foil” or the “Company”).
Fi-Foil, based in Auburndale, FL, is the industry leader in innovative, energy-efficient reflective and radiant insulation barriers for residential, commercial, and agricultural structures. For over 35 years, Fi-Foil has been committed to the principles of sustainable construction, practicing energy conservation, and minimal landfill impact. This category of insulation is one of the fastest growing technologies in the world, and Fi-Foil offers the most diversified range of products and systems in the category.
Since its founding, hundreds of millions of square feet of Fi-Foil products have been installed in residential, commercial and agricultural structures, providing cost effective thermal performance. Fi-Foil develops, manufactures, distributes, and services this technology every day in an effort to deliver energy efficient solutions for the building envelope.
Matt Kaufman, Managing Partner at Validor Capital stated, “We are excited to support the team at Fi-Foil as they continue their legacy of manufacturing and distributing high-quality insulation products. Fi-Foil has been a leader in sustainable insulation for decades and we look forward to working with them as they move into their next phase of growth.”
Bill Lippy, CEO at Fi-Foil stated, “We are thrilled to join the Validor Capital portfolio of companies. They are an ideal partner given their deep building products expertise and success growing business both organically and through acquisitions. Working with the Validor team will allow us to strengthen our capabilities and expand our service offerings.”
The transaction closed on December 17, 2021. Terms of the transaction were not disclosed.
About Fi-Foil
Fi-Foil is an industry leader in innovative, energy-efficient reflective and radiant insulation barriers for residential, commercial, and agricultural structures. For over 35 years, Fi-Foil has been committed to the principles of sustainable construction, practicing energy conservation, and minimal landfill impact. Learn more about Fi-Foil at www.fifoil.com.
About Validor Capital
Validor Capital is a private investment firm that provides liquidity to family and founder owned industrial, manufacturing, and service businesses in the lower middle market. We seek situations where we can partner with management teams to leverage our combined expertise and deep industry relationships to create significant value. For more information, please visit www.validorcap.com.
Lauren Smyers
561-210-9830
LOS ANGELES--(BUSINESS WIRE)--AltaSea at the Port of Los Angeles CEO and former CalEPA Secretary Terry Tamminen issued the following statement after Governor Gavin Newsom released his 2022 proposed California State Budget:
“Governor Newsom continues his historic leadership in putting California’s financial muscle behind equitable climate solutions. The environmental community appreciated his $15 billion commitment last year to fighting climate change. But this year, in the midst of all California faces, the Governor has shown true grit in committing an additional $22.5 billion to advancing the state’s commitment to our planet.
His commitment will not only help find solutions to climate change, but also provide good careers for Californians. One important example is the blue economy—sustainable use of ocean resources for economic growth—which is estimated by the Los Angeles Economic Development Corporation (LAEDC) to create well over 126,000 direct jobs in LA County alone, paying a combined $37.7 billion in wages by 2030.
All of us at AltaSea are ready to take up the Governor’s call '… to build on our history of innovation, economic growth and policy driven by science to lead in adapting to and mitigating climate change.'
And Governor Newsom won’t be alone in this important effort. President Biden’s Economic Development Administration recently selected the LAEDC, AltaSea and a coalition of regional stakeholders as one of 60 finalists in the $1 billion Build Back Better Regional Challenge – from 529 applications. Should our coalition be selected, we will develop and scale blue and green growth innovations within the Goods Movement Ecosystem in Southern California.
We thank the Governor for his commitment to fighting the climate change crisis by flexing California’s financial muscle and driving the Golden State’s legendary capacity for innovation. We ask the members of the State Legislature to support this critical effort.”
About AltaSea at the Port of Los Angeles
AltaSea at the Port of Los Angeles, located on 35 acres at North America’s leading seaport by both container volume and cargo value, is dedicated to accelerating scientific collaboration, advancing an emerging blue economy through business innovation and job creation, and inspiring the next generation, all for a more sustainable, just, and equitable world.
For more information on AltaSea, please see our website: https://altasea.org.
Jacob Scott
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412-445-7719
NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, and Aleees (TWSE: 5227), a producer of lithium iron phosphate (“LFP”) cathode materials for batteries, have signed a Head of Terms agreement to pursue a Joint Venture (“JV”) with the ambition to establish an LFP cathode plant in the Nordic region. The joint venture partners will seek to commence production in 2024, coinciding with the anticipated ramp-up of operations from FREYR’s first Gigafactory in Mo i Rana, Norway.
The formation of the JV will seek to combine Aleees’ 17 years of experience in LFP cathode production with FREYR’s strategy of manufacturing decarbonized battery cells at scale and the FREYR team’s extensive experience in conducting and constructing complex technical projects in the Nordic region.
The partners will focus on the following priorities to drive value in accordance with FREYR’s core strategic tenets of speed, scale, and sustainability:
“This agreement with Aleees, which calls for the construction of the first giga scale LFP cathode plant outside mainland China, is another important step on our journey to localize and decarbonize battery cell production and their supply chains in the Nordic region,” said Tom Einar Jensen, CEO of FREYR. “FREYR and Aleees intend to establish the plant as part of a broader localized supply chain strategy that will leverage the abundance of cost-advantaged, renewable energy in the Nordics and the growing availability of raw materials produced in the region. We will be examining a limited number of suitable locations in the Nordic region over the next months.”
“Aleees has world-class production technology and R&D capabilities, with the aim to continuously improve energy density, while reducing end-market costs. The cooperation with FREYR will further allow us to improve the production process of cathode materials for LFP batteries to contribute to the reduction of global emissions. The combination of FREYR’s clean battery production and Aleees’ deep experience in LFP cathode production and established production capacity, will provide the basis for innovative solutions to the battery solutions worldwide,” said Edward Chang, The CEO and founder of Aleees.
About FREYR Battery
FREYR Battery aims to provide industrial scale clean battery solutions to reduce global emissions. Listed on the New York Stock Exchange, FREYR’s mission is to produce green battery cells to accelerate the decarbonization of energy and transportation systems globally. FREYR has commenced building the first of its planned factories in Mo i Rana, Norway and announced potential development of industrial scale battery cell production in Vaasa, Finland, and the United States. FREYR intends to deliver up to 43 GWh of battery cell capacity by 2025 and up to 83 GWh annual capacity by 2028. To learn more about FREYR, please visit www.freyrbattery.com
About Aleees
Aleees (TWSE: 5227), founded in 2005, is one of the few LFP cathode material manufacturers with the longest history in the world. Aleees has more than 200 independent patents worldwide, and its customers include world-renowned battery, electric vehicle and energy storage battery customers in Europe, America, Japan, Korea, and Asia.
Aleees develops and produces high-quality, cost-effective, and longer cycle life LFP cathode materials. In the 17 years since its establishment, it has accumulated more than 15,000 tons of shipments and accumulated revenue of nearly 240 million US dollars.
At the same time, Aleees has also achieved outstanding results in ESG, and its corporate governance performance has been among the top 5% of all listed companies in Taiwan for 7 consecutive years.
Aleees is committed to providing customers with first-class quality, safe and reliable products, and has obtained major international certifications including ISO9001, ISO14001, ISO14064, ISO/TS 16949, OHSAS18001 and corporate social responsibility AA1000 and so on.
For more information, please visit: www.aleees.com
Cautionary Statement Concerning Forward-Looking Statements
All statements, other than statements of present or historical fact included in this press release, including, without limitation, statements regarding the formation of a JV between the parties and any anticipated benefits thereof, the establishment of a giga scale cathode plant for LFP in the Nordic region, the development of an initial 10,000 tonnes of LFP cathode material per year in the Nordic region by 2024, the expansion to at least 30,000 tonnes by 2025 using Aleees’ modular LFP plant design, the development of a Nordic supply chain encompassing iron and phosphate products from the Nordic region, FREYR’s ability to bring lithium refining capacity to Norway, the ability of a Nordic supply chain to bring strong economic benefits to FREYR and the Nordic region based on localized and decarbonized production and transportation of raw materials to battery cell manufacturing facilities, a Norway-based facility’s ability to reduce CO2 emissions by 50,000 tonnes per year compared to Taiwan, FREYR’s decarbonization of battery cell production and supply chains in the Nordic region, FREYR’s ability to leverage the abundance of cost-advantaged, renewable energy in the Nordics and the growing availability of raw materials produced in the region, the development and commercialization of 24M’s technology (and any intended benefits thereof), FREYR’s production capacities and Aleees’ and FREYR’s ability to improve the production process of cathode materials for LFP batteries and contribute to the reduction of global emissions are forward-looking and involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.
Most of these factors are outside FREYR’s control and difficult to predict. Information about factors that could materially affect FREYR is set forth under the “Risk Factors” section in FREYR’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission (the "SEC") on August 9, 2021, as amended, and in other SEC filings available on the SEC’s website at www.sec.gov.
Investor contacts:
FREYR Battery:
Jeffrey Spittel
Vice President, Investor Relations
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Tel: (+1) 281-222-0161
Aleees:
Paul Chu
Chief of Investment Officer
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Media contacts:
FREYR Battery:
Katrin Berntsen
Vice President, Communication and Public Affairs
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Tel: (+47) 920 54 570
Aleees:
Paul Chu
Chief of Investment Officer
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