HOUSTON--(BUSINESS WIRE)--Sunnova Energy International Inc. ("Sunnova") (NYSE: NOVA), one of the leading U.S. residential solar and storage service providers, announced today the publication of its inaugural Environmental, Social, and Governance (ESG) Report, detailing the company’s ESG strategy and performance.
“We are excited to release our inaugural ESG report and to share our progress in helping power energy independence,” said William J. (John) Berger, Chief Executive Officer of Sunnova. “With a local focus and a global vision, Sunnova aims to create a reliable energy future that will transform the world for the better. I would like to thank the team at Sunnova for their relentless focus, drive and commitment, and our employees, customers, dealers, partners, and stockholders for powering our pursuit of ESG excellence.”
The report describes the ESG themes material to Sunnova and the ways in which the company manages performance across each theme. This includes policies, metrics, and programs that comprise Sunnova’s ESG program. The report is aligned with the UN Sustainable Development Goals (UN SDGs) and the Sustainability Accounting Standards Board (SASB), including a SASB index with relevant ESG metrics. The report also details the many stakeholders that Sunnova partners with to drive performance on ESG.
To download a copy of the report, please visit the Company’s ESG webpage.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or Sunnova’s future financial or operating performance. In some cases, you can identify forward looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates,” “going to,” "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these words or other similar terms or expressions that concern Sunnova’s expectations, strategy, priorities, plans or intentions. Forward-looking statements in this release include, but are not limited to, statements regarding our global vision, the creation of a reliable energy future that will transform the world for the better, and other statements regarding the future. Sunnova’s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including risks regarding our ability to implement of business plan, the impact of COVID-19, our ability to successfully integrate the SunStreet Energy Group, LLC acquisition, our competition, fluctuations in the solar and home-building markets, our ability to attract and retain dealers and customers and our dealer and strategic partner relationships. The forward-looking statements contained in this release are also subject to other risks and uncertainties, including those more fully described in Sunnova’s filings with the Securities and Exchange Commission, including Sunnova’s annual report on Form 10-K for the year ended December 31, 2020. The forward-looking statements in this release are based on information available to Sunnova as of the date hereof, and Sunnova disclaims any obligation to update any forward-looking statements, except as required by law.
ABOUT SUNNOVA
Sunnova Energy International Inc. (NYSE: NOVA) is a leading residential solar and energy storage service provider, with customers across the U.S. and its territories. Sunnova's goal is to be the source of clean, affordable and reliable energy, with a simple mission: to power energy independence so that homeowners have the freedom to live life uninterrupted™. For more about Sunnova, please visit: www.sunnova.com.
Investor & Analyst Contact
Rodney McMahan
Vice President, Investor Relations
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Press & Media Contact
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Media Relations Manager
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Company Also Provides Business Update on its Crude Oil and Gas Gathering Systems
DALLAS--(BUSINESS WIRE)--LM Energy Holdings, LLC (“LM Energy”) today announced that one of its subsidiaries, LM Touchdown Crude III, LLC (“LM Touchdown”), has launched a binding open season to obtain commitments to support the continued growth of its Touchdown Crude Oil Gathering System in the Northern Delaware Basin. The proposed extension of the system will gather crude oil from origination points in Eddy and Lea Counties, New Mexico and deliver to destination points also in Eddy and Lea Counties, New Mexico. The binding open season commenced today, April 12, 2021 at 8 a.m. Central time and is scheduled to conclude at 5 p.m. Central time on May 12, 2021.
Business Update
The Touchdown Crude Oil Gathering System currently consists of approximately 50 miles of gathering and transportation pipelines and 30,000 barrels of storage capacity, with continued expansions currently underway and planned during 2021.
“Despite a challenging market backdrop over the last year, we feel very fortunate to work with customers who have active development plans and capital sponsors who remain supportive,” said Elliot Gerson, Chief Executive Officer at LM Energy. “We believe that the current environment creates opportunities for LM, which we are excited to pursue.”
LM Energy’s gas gathering system was brought into service in June 2020. The Touchdown Gas Gathering System provides low pressure gathering, dehydration, compression, and high-pressure gathering services for liquids-rich natural gas produced by customers in the area.
Open Season Information
The binding open season provides potential customers with the opportunity to obtain priority crude oil gathering and transportation service between origins and destinations in Eddy and Lea Counties, New Mexico by making long-term acreage dedications to the pipeline. Customers that execute a crude oil gathering agreement with LM Touchdown during the binding open season will receive priority service on the pipeline up to the amount of their deemed volume commitment.
A copy of the open season procedures and a copy of the form crude oil gathering agreement will be available to interested customers upon the execution of a confidentiality agreement with LM Touchdown. A copy of the confidentiality agreement will be provided upon request. All requests should be directed to Ryan Godfrey at (469) 501-2579 or This email address is being protected from spambots. You need JavaScript enabled to view it..
All binding commitments must be received by 5 p.m. Central time on May 12, 2021. To the extent that capacity offered through the open season remains unsubscribed, LM Touchdown reserves the right, after the conclusion of the open season, to accept additional customer commitments. Any updates regarding the open season and potential future commitment opportunities will be posted on LM Energy’s public website at www.LMEnergyPartners.com.
About LM Energy
LM Energy Holdings, LLC is a midstream oil and gas company based in Dallas, Texas. LM Energy is focused on operational excellence and creative solutions for its producer partners across all commodities in the United States. For more information, visit www.LMEnergyPartners.com.
Commercial Contact:
Ryan Godfrey
LM Energy Holdings
(469) 501-2579
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Media Contact:
Meggan Morrison
Redbird Communications Group
(972) 639-8715
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TULSA, Okla.--(BUSINESS WIRE)--#earnings--Alliance Resource Partners, L.P. (NASDAQ: ARLP) will report its first quarter 2021 financial results before the market opens on Monday, April 26, 2021. Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day.
To participate in the conference call, dial (877) 506-1589 and request to be connected to the Alliance Resource Partners, L.P. earnings conference call. Canadian callers should dial (855) 669-9657 and all other International callers should dial (412) 317-5240 and request to be connected to the same call. Investors may also listen to the call via the “investor information” section of ARLP’s website at http://www.arlp.com.
An audio replay of the conference call will be available for approximately one week. To access the audio replay, dial U.S. Toll Free (877) 344-7529; International Toll (412) 317-0088; Canada Toll Free (855) 669-9658 and request to be connected to replay access code 10154737.
About Alliance Resource Partners, L.P.
ARLP is a diversified natural resource company that generates income from coal production and oil and gas mineral interests located in strategic producing regions across the United States.
ARLP currently produces coal from seven mining complexes it operates in Illinois, Indiana, Kentucky, Maryland and West Virginia. ARLP also operates a coal loading terminal on the Ohio River at Mount Vernon, Indiana. ARLP markets its coal production to major domestic and international utilities and industrial users and is currently the second largest coal producer in the eastern United States.
ARLP generates royalty income from mineral interests it owns in premier oil and gas producing regions in the US, primarily the Permian, Anadarko, Williston and Appalachian basins.
In addition, ARLP also generates income from a variety of other sources.
News, unit prices and additional information about ARLP, including filings with the Securities and Exchange Commission ("SEC"), are available at http://www.arlp.com. For more information, contact the investor relations department of ARLP at (918) 295-7674 or via e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it..
Brian L. Cantrell
Alliance Resource Partners, L.P.
(918) 295-7673
375-plus Shippers and Supporters File Letters with the Surface Transportation Board in Support of CP-KCS Combination
CALGARY, Alberta & KANSAS CITY, Mo.--(BUSINESS WIRE)--Canadian Pacific Railway Limited (TSX: CP) (NYSE: CP) ("CP") and Kansas City Southern (NYSE: KSU) ("KCS") today announced that an additional 75 customers, ports, transloads and other stakeholders have filed statements with the Surface Transportation Board (“STB”), bringing the total to more than 375 supporting the planned creation of the first U.S.-Mexico-Canada rail network. The latest support letters once again represent the broad spectrum of the transportation supply chain, including XPO Logistics, CF Industries, Dollarama, Millar Western and Full Circle Ag.
Similar to the customers and supporters that filed statements and letters with the STB on March 31, 2021, and April 6, 2021, the new supporters stated they expect the combination of CP and KCS would, among other benefits, invigorate transportation competition, expand access to existing and growing markets and provide new service offerings that would improve transit times and reliability.
Many of the supporters also requested the STB to review the transaction as swiftly as possible so the systems could be integrated, and the end-to-end benefits of this combination can be realized for the benefit of all stakeholders.
CP and KCS thank the 375-plus shippers, railroads, economic development authorities, ports and other supporters that have filed letters to the STB in support of the combination. The CP-KCS combination is expected to provide an enhanced competitive alternative to existing rail service providers and is expected to result in improved service and efficiency to customers of all sizes. When combined, the CP-KCS network would remain the smallest of six U.S. Class 1 railroads by revenue.
CP is seeking approval from the STB for the combination, which also remains subject to the approvals of CP and KCS shareholders and other customary closing conditions. The STB review is expected to be completed by the middle of 2022.
For more information on the transaction and the benefits it is expected to bring to the full range of stakeholders, visit www.FutureForFreight.com.
Forward Looking Statements and Information
This news release includes certain forward-looking statements and forward-looking information (collectively, FLI) to provide CP and KCS shareholders and potential investors with information about CP, KCS and their respective subsidiaries and affiliates, including each company’s management’s respective assessment of CP, KCS and their respective subsidiaries’ future plans and operations, which FLI may not be appropriate for other purposes. FLI is typically identified by words such as “anticipate”, “expect”, “project”, “estimate”, “forecast”, “plan”, “intend”, “target”, “believe”, “likely” and similar words suggesting future outcomes or statements regarding an outlook. All statements other than statements of historical fact may be FLI. In particular, this news release contains FLI pertaining to, but not limited to, information with respect to the following: the transaction; the combined company’s scale; and future business prospects and performance.
Although we believe that the FLI is reasonable based on the information available today and processes used to prepare it, such statements are not guarantees of future performance and you are cautioned against placing undue reliance on FLI. By its nature, FLI involves a variety of assumptions, which are based upon factors that may be difficult to predict and that may involve known and unknown risks and uncertainties and other factors which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by these FLI, including, but not limited to, the following: the timing and completion of the transaction, including receipt of regulatory and shareholder approvals and the satisfaction of other conditions precedent; interloper risk; the realization of anticipated benefits and synergies of the transaction and the timing thereof; the success of integration plans; the focus of management time and attention on the transaction and other disruptions arising from the transaction; estimated future dividends; financial strength and flexibility; debt and equity market conditions, including the ability to access capital markets on favorable terms or at all; cost of debt and equity capital; the previously announced proposed share split of CP’s issued and outstanding common shares and whether it will receive the requisite shareholder and regulatory approvals; potential changes in the CP share price which may negatively impact the value of consideration offered to KCS shareholders; the ability of management of CP, its subsidiaries and affiliates to execute key priorities, including those in connection with the transaction; general Canadian, U.S., Mexican and global social, economic, political, credit and business conditions; risks associated with agricultural production such as weather conditions and insect populations; the availability and price of energy commodities; the effects of competition and pricing pressures, including competition from other rail carriers, trucking companies and maritime shippers in Canada, the U.S. and México; industry capacity; shifts in market demand; changes in commodity prices; uncertainty surrounding timing and volumes of commodities being shipped; inflation; geopolitical instability; changes in laws, regulations and government policies, including regulation of rates; changes in taxes and tax rates; potential increases in maintenance and operating costs; changes in fuel prices; disruption in fuel supplies; uncertainties of investigations, proceedings or other types of claims and litigation; compliance with environmental regulations; labor disputes; changes in labor costs and labor difficulties; risks and liabilities arising from derailments; transportation of dangerous goods; timing of completion of capital and maintenance projects; currency and interest rate fluctuations; exchange rates; effects of changes in market conditions and discount rates on the financial position of pension plans and investments; trade restrictions or other changes to international trade arrangements; the effects of current and future multinational trade agreements on the level of trade among Canada, the U.S. and México; climate change and the market and regulatory responses to climate change; anticipated in-service dates; success of hedging activities; operational performance and reliability; customer, shareholder, regulatory and other stakeholder approvals and support; regulatory and legislative decisions and actions; the adverse impact of any termination or revocation by the Mexican government of Kansas City Southern de México, S.A. de C.V.’s Concession; public opinion; various events that could disrupt operations, including severe weather, such as droughts, floods, avalanches and earthquakes, and cybersecurity attacks, as well as security threats and governmental response to them, and technological changes; acts of terrorism, war or other acts of violence or crime or risk of such activities; insurance coverage limitations; material adverse changes in economic and industry conditions, including the availability of short and long-term financing; and the pandemic created by the outbreak of COVID-19 and resulting effects on economic conditions, the demand environment for logistics requirements and energy prices, restrictions imposed by public health authorities or governments, fiscal and monetary policy responses by governments and financial institutions, and disruptions to global supply chains.
We caution that the foregoing list of factors is not exhaustive and is made as of the date hereof. Additional information about these and other assumptions, risks and uncertainties can be found in reports and filings by CP and KCS with Canadian and U.S. securities regulators, including any proxy statement, prospectus, material change report, management information circular or registration statement to be filed in connection with the transaction. Due to the interdependencies and correlation of these factors, as well as other factors, the impact of any one assumption, risk or uncertainty on FLI cannot be determined with certainty.
Except to the extent required by law, we assume no obligation to publicly update or revise any FLI, whether as a result of new information, future events or otherwise. All FLI in this news release is expressly qualified in its entirety by these cautionary statements.
About Canadian Pacific
Canadian Pacific is a transcontinental railway in Canada and the United States with direct links to major ports on the west and east coasts. CP provides North American customers a competitive rail service with access to key markets in every corner of the globe. CP is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise. Visit cpr.ca to see the rail advantages of CP. CP-IR
About KCS
Headquartered in Kansas City, Mo., Kansas City Southern (KCS) (NYSE: KSU) is a transportation holding company that has railroad investments in the U.S., Mexico and Panama. Its primary U.S. holding is The Kansas City Southern Railway Company, serving the central and south central U.S. Its international holdings include Kansas City Southern de Mexico, S.A. de C.V., serving northeastern and central Mexico and the port cities of Lázaro Cárdenas, Tampico and Veracruz, and a 50 percent interest in Panama Canal Railway Company, providing ocean-to-ocean freight and passenger service along the Panama Canal. KCS’ North American rail holdings and strategic alliances are primary components of a railway network, linking the commercial and industrial centers of the U.S., Mexico and Canada. More information about KCS can be found at www.kcsouthern.com.
ADDITIONAL INFORMATION ABOUT THE TRANSACTION AND WHERE TO FIND IT
CP will file with the U.S. Securities and Exchange Commission (SEC) a registration statement on Form F-4, which will include a proxy statement of KCS that also constitutes a prospectus of CP, and any other documents in connection with the transaction. The definitive proxy statement/prospectus will be sent to the shareholders of KCS. CP will also file a management proxy circular in connection with the transaction with applicable securities regulators in Canada and the management proxy circular will be sent to CP shareholders. INVESTORS AND SHAREHOLDERS OF KCS AND CP ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS AND MANAGEMENT PROXY CIRCULAR, AS APPLICABLE, AND ANY OTHER DOCUMENTS FILED OR TO BE FILED WITH THE SEC OR APPLICABLE SECURITIES REGULATORS IN CANADA IN CONNECTION WITH THE TRANSACTION WHEN THEY BECOME AVAILABLE, AS THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT KCS, CP, THE TRANSACTION AND RELATED MATTERS. The registration statement and proxy statement/prospectus and other documents filed by CP and KCS with the SEC, when filed, will be available free of charge at the SEC’s website at www.sec.gov. In addition, investors and shareholders will be able to obtain free copies of the registration statement, proxy statement/prospectus, management proxy circular and other documents which will be filed with the SEC and applicable securities regulators in Canada by CP online at investor.cpr.ca and www.sedar.com, upon written request delivered to CP at 7550 Ogden Dale Road S.E., Calgary, Alberta, T2C 4X9, Attention: Office of the Corporate Secretary, or by calling CP at 1-403-319-7000, and will be able to obtain free copies of the proxy statement/prospectus and other documents filed with the SEC by KCS online at www.investors.kcsouthern.com, upon written request delivered to KCS at 427 West 12th Street, Kansas City, Missouri 64105, Attention: Corporate Secretary, or by calling KCS’s Corporate Secretary’s Office by telephone at 1-888-800-3690 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..
You may also read and copy any reports, statements and other information filed by KCS and CP with the SEC at the SEC public reference room at 100 F Street N.E., Room 1580, Washington, D.C. 20549. Please call the SEC at 1-800-732-0330 or visit the SEC’s website for further information on its public reference room. This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to appropriate registration or qualification under the securities laws of such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.
PARTICIPANTS IN THE SOLICITATION OF PROXIES
This communication is not a solicitation of proxies in connection with the transaction. However, under SEC rules, CP, KCS, and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies in connection with the transaction. Information about CP’s directors and executive officers may be found in its 2021 Management Proxy Circular, dated March 10, 2021, as well as its 2020 Annual Report on Form 10-K filed with the SEC and applicable securities regulators in Canada on February 18, 2021, available on its website at investor.cpr.ca and at www.sedar.com and www.sec.gov. Information about KCS’s directors and executive officers may be found on its website at www.kcsouthern.com and in its 2020 Annual Report on Form 10-K filed with the SEC on January 29, 2021, available at www.investors.kcsouthern.com and www.sec.gov. These documents can be obtained free of charge from the sources indicated above. Additional information regarding the interests of such potential participants in the solicitation of proxies in connection with the transaction will be included in the proxy statement/prospectus and management proxy circular and other relevant materials filed with the SEC and applicable securities regulators in Canada when they become available.
Canadian Pacific
Media
Jeremy Berry
Tel: 403-819-0571
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Investment Community
Chris De Bruyn
Tel: 403-319-3591
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Kansas City Southern
Media
C. Doniele Carlson
Tel: 816-983-1372
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Investment Community
Ashley Thorne
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NEW YORK--(BUSINESS WIRE)--KKR, a leading global investment firm, today announced three appointments to the firm’s Global Infrastructure team. Energy transition industry veterans Tim Short and Benoit Allehaut joined the firm as Managing Directors and Benjamin Droz as a Principal. Based in New York, Messrs. Short, Allehaut and Droz will focus on sourcing renewable energy and energy transition investments in North America.
“KKR is committed to investing in the energy transition, an initiative only made possible by increasing renewable energy sources. We are eager to continue investing behind this effort and thrilled to add three experienced and talented executives to our team,” said Raj Agrawal, KKR Partner and Global Head of Infrastructure.
Messrs. Short, Allehaut, and Droz join KKR from Capital Dynamics, where Mr. Short and Mr. Allehaut served as Managing Directors of the firm’s dedicated Clean Energy Infrastructure team, and where Mr. Droz served as a Vice President. At Capital Dynamics, Mr. Short and Mr. Allehaut played instrumental roles in building and leading a vertically-integrated clean energy investment platform, executing approximately $14.5 billion in investments and building one of the largest private portfolios of solar energy generation in the U.S.
“Tim, Benoit and Ben’s deep expertise and experience in renewables, storage and electrification will greatly contribute to our investments in support of a clean energy future,” said Brandon Freiman, KKR Partner and Head of North American Infrastructure.
KKR has been an active investor in renewables investing over the last ten years, executing approximately $19.5 billion in investments in renewable assets with a power generation capacity of 12.5 GW. Over the past 12 months, KKR’s infrastructure team has made a number of investments behind this theme globally, including recent investments in or partnerships with Caruna, Finland’s largest electricity distribution company, NextEra Energy, the world’s largest generator of energy from the wind and sun, Virescent Infrastructure, a newly created platform to acquire renewable energy assets in India, and First Gen, one of the Philippines’ largest independent power producers.
KKR first established its Global Infrastructure strategy in 2008 and has since been one of the most active infrastructure investors around the world with a team of more than 50 dedicated investment professionals. The firm currently manages over $27 billion in infrastructure assets and has made over 40 infrastructure investments across a range of sub-sectors and geographies.
About KKR
KKR is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of The Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.
Cara Major or Miles Radcliffe-Trenner
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HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P (NYSE: GEL) announced today that it has successfully syndicated and closed on a refinancing of its existing revolving credit facility with $950 million in new commitments from existing lenders, including a new $650 million revolving credit facility and a $300 million Term Loan A, both due March 15, 2024. Proceeds from the Term Loan A will be used to repay an equivalent amount outstanding under the existing revolving facility.
Grant Sims, CEO of Genesis Energy said, “Given improving business and economic conditions and our increasing free cash flow profile, we thought it was timely and prudent to proactively reduce the size, and extend the tenor, of our senior secured facility. With this extension, we now have no maturities until 2024. The new facility provides us with ample liquidity and flexibility to allow our base businesses to continue to recover in advance of first production and significant additional cash flow to come on-line from our two large growth projects in the Gulf of Mexico, Argos and King’s Quay, which are on schedule for the first and second quarters of 2022, respectively. All of this comes in advance of first production of soda ash from our fully expanded Granger facility anticipated in the back half of 2023.
We very much value the relationships with the banks in our group and are very appreciative of their continued support of Genesis. As always, we intend to be prudent as we evaluate additional opportunities to reduce leverage, and we remain steadfast in our commitment to reaching our target long-term leverage ratio of 4.0x.
Turning briefly to our operations for the first quarter, we would re-confirm our expectation for our offshore segment returning to a normalized quarterly run rate of around $85 million of Segment Margin. Additionally, we set an all-time record for first quarter production from our Westvaco soda ash facility. Finally, we experienced a de minimus financial impact from the winter storms that gripped much of Texas and Louisiana in February and March.”
As mentioned above, the new facility is comprised of a $650 million revolving facility and a $300 million Term Loan A, the proceeds from which will be used to pay down the balance under our existing revolver. The term loan will begin amortizing at the end of the fourth quarter of 2021 at $15 million per quarter through the fourth quarter of 2022, increasing to $25 million a quarter thereafter with the balance due at maturity. The relevant covenants contained in the new facility are summarized below:
Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis’ operations include offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation and marine transportation. Genesis’ operations are primarily located in the Gulf Coast region of the United States, Wyoming and the Gulf of Mexico.
This press release includes forward-looking statements as defined under federal law. Although we believe that our expectations are based upon reasonable assumptions, we can give no assurance that our goals will be achieved. Actual results may vary materially. All statements, other than statements of historical facts, included in this release that address activities, events or developments that we expect, believe or anticipate will or may occur in the future, including but not limited to statements relating to future financial and operating results and our strategy and plans are forward-looking statements, and historical performance is not necessarily indicative of future performance. Those forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties, factors and risks, many of which are outside our control, that could cause results to differ materially from those expected by management. Such risks and uncertainties include but are not limited to weather, political, economic and market conditions, and other uncertainties that are described more fully in our Annual Report on Form 10-K for the year ended December 31, 2020 filed with the Securities and Exchange Commission and other filings, including our Current Reports on Form 8-K and Quarterly Reports on Form 10-Q. We undertake no obligation to publicly update or revise any forward-looking statement.
Genesis Energy, L.P.
Ryan Sims
SVP – Finance and Corporate Development
(713) 860-2521
Leading cleantech integrator specializing in energy efficiency and renewable energy honored with national distinction
FRAMINGHAM, Mass.--(BUSINESS WIRE)--#cleanenergy--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced that Guidehouse Insights ranked them as number one in their 1Q 2021 Energy as a Service (EaaS) Leaderboard report. Ameresco was recognized for its ambitious vision for EaaS, expertise in technology solutions, track record of success across customer segments and ability to provide financing for EaaS projects.
To determine rankings, Guidehouse assessed the competitive landscape of EaaS solutions and how well different companies were positioned to address customer needs. Guidehouse estimates that the EaaS market is poised for a significant period of growth, expanding from $2.7 billion in 2021 to $27.2 billion by 2029. It notes that sustainability is becoming a priority for organizations across a variety of industries, including C&I, municipalities and education, as key stakeholders increasingly put pressure on organizations to report environmental impact awareness.
“Ameresco’s position as a Leader in the EaaS market is supported by a strong track record of EaaS project execution across multiple customer segments and a comprehensive technology solution stack, including renewable natural gas, to address customer resilience and sustainability needs,” said Sasha Wedekind, senior research analyst with Guidehouse Insights.
As a company dedicated to identifying and innovating cost-effective solutions for its customers, this announcement furthers Ameresco’s commitment to “Doing Well by Doing Good.” Over the years, the energy solutions company has built a reputation for delivering reliable and sustainable solutions that make it a leader in the EaaS space.
“Sustainability and resiliency have become an important focus for organizations across all markets,” said George Sakellaris, Ameresco’s founder, president and CEO. “It is critical we continue to work with customers to provide flexible financing solutions, including Energy as a Service, in order to help them develop and implement sustainable solutions that don’t require capital spending. We transfer the risk, include guarantees, and enable them to demonstrate measurable carbon reduction.”
Guidehouse’s EaaS Leaderboard report includes profiles on 14 EaaS companies and ranks them according to strategy and execution scores. To view the report in full, visit https://guidehouseinsights.com/reports/guidehouse-insights-leaderboard-energy-as-a-service.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and the United Kingdom. Ameresco’s sustainability services in support of clients’ pursuit of Net Zero include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
Media:
Ameresco: Leila Dillon, 508-661-2264, This email address is being protected from spambots. You need JavaScript enabled to view it.
VALLEY FORGE, Pa.--(BUSINESS WIRE)--#CEO--UGI Corporation (NYSE: UGI) announced today that John L. Walsh, age 65, intends to retire as President and Chief Executive Officer on June 25, 2021. Mr. Walsh will continue to serve as a member of UGI’s Board of Directors. Roger Perreault, age 57, will become President and Chief Executive Officer of UGI and will join the UGI Board as a Director upon Mr. Walsh’s retirement. Mr. Perreault currently serves as UGI’s Executive Vice President, Global LPG, and President of UGI’s subsidiary, UGI International, LLC.
Mr. Walsh has served as Chief Executive Officer of UGI since 2013 and as President and a Director since 2005. Mr. Walsh previously served as UGI’s Chief Operating Officer from 2005 to 2013 and as the President and Chief Executive Officer of UGI Utilities, Inc., a subsidiary of UGI, from 2009 to 2011. Prior to joining UGI, Mr. Walsh held various senior management positions at the BOC Group plc (an industrial gas company) from 1986 to 2005.
Frank S. Hermance, UGI’s Chair of the Board of Directors, stated, “During John’s time as President and CEO, the company experienced significant growth and value creation for UGI shareholders and executed on key strategic investments, including the Totalgaz France acquisition, the AmeriGas merger, the Columbia Midstream acquisition and the pending Mountaineer Gas acquisition. In addition to his impressive track record of financial and operational success, John has made significant progress on the company’s critical environmental, social and governance initiatives, including investment in renewable and sustainable energy solutions, commitment to greenhouse gas emission reduction targets and promotion of diversity and inclusion through the company’s Belonging, Inclusion, Diversity & Equity initiative. Most recently, we are grateful to John for his unwavering leadership of the company through the challenges and uncertainty of the COVID-19 pandemic.” Mr. Hermance continued, “We wish John a long, happy and healthy future retirement, and we are very pleased that the UGI shareholders will continue to benefit from John’s leadership as a member of UGI’s Board of Directors.”
Mr. Perreault joined UGI in 2015 as President of UGI International, LLC and has served as UGI’s Executive Vice President, Global LPG since 2018. Prior to joining UGI, Mr. Perreault spent 21 years at Air Liquide, a world leader in gases, technologies and services for industry and health, where he served in various leadership positions globally. At Air Liquide, Mr. Perreault was President of its large industries business, and prior to that, was responsible for Air Liquide’s North American large industries business. The large industries business line provides comprehensive gas and energy solutions to customers in the metals, chemicals, refining and energy industries.
Mr. Walsh stated, “I am very pleased with the Board’s decision to appoint Roger Perreault as my successor as UGI’s President and Chief Executive Officer. Roger has been an invaluable addition to the company since joining UGI in 2015 and has had a significant impact on UGI Corporation and our Global LPG business through his leadership of the ongoing UGI International and AmeriGas transformation projects designed to improve long-term operational performance and deliver an enhanced customer experience. He has also taken a lead role in developing many of the renewable energy solutions opportunities that are so critical to our future. Roger’s broad global experience, rigorous focus on operational excellence and customer service mindset will be critical to UGI’s continued evolution of its natural gas, LPG and renewable energy businesses. I am confident that UGI and its shareholders will benefit from Roger’s strong leadership and I wish him success in his new role. I am also pleased to be continuing in my role as a member of the Board of Directors and I look forward to continuing to contribute to the future success of UGI in that capacity.”
About UGI Corporation
UGI Corporation is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, 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 twelve states and the District of Columbia 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
Tameka Morris, 610-456-6297
Arnab Mukherjee, 610-768-7498
Shelly Oates, 610-337-1000 ext. 3202
PLANO, Texas--(BUSINESS WIRE)--Vine Energy Inc. (the “Company”) announced today that it expects to release first-quarter 2021 financial and operating results on Monday, May 17, 2021, before commencement of trading.
The Company will host a conference call to discuss the results the same day at 9 a.m. Central Time (10 a.m. Eastern Time). The webcast will be archived for replay on the Company’s website following the call.
How to Listen
Webcast: listen-only participants are encouraged to access the call via the live audio webcast, which is accessible from the Investor Relations page of the company’s website located at https://www.vineenergy.com/investors.
Telephonic: securities analysts can access an open phone line by dialing (844) 912-3900 using conference ID 5188044. International participants can dial (236) 714-3354.
About Vine Energy Inc.
Vine Energy Inc., based in Plano, Texas, is an energy company focused on the development of natural gas properties in the stacked Haynesville and Mid-Bossier shale plays in the Haynesville Basin of Northwest Louisiana. The Company is listed on the New York Stock Exchange under the symbol “VEI”.
David Erdman
(469) 605-2480
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HOUSTON--(BUSINESS WIRE)--AFG Holdings, Inc. (“AFG” or the “Company”) today announced that its Board of Directors has appointed Michael Walter as Chief Executive Officer, effective immediately. Mike most recently served as President of Wyman Gordon Forgings, a division of Precision Castparts Corporation. Mike succeeds Curtis Samford following his unexpected passing in February.
Evan Middleton, on behalf of the Board of Directors, stated, “Mike is a seasoned executive with a proven track record of leading scaled organizations similar to AFG. He will bring a wealth of market knowledge, relationships, and leadership acumen at a critical time for AFG as the Company continues its growth plan.”
“I am pleased to join a diversified company with deep roots in the industrial forging, aerospace and oil and gas markets,” said Mike. “While I am saddened to join under these circumstances, I intend to carry forward the Company’s mission while accelerating profitability and growth for our stakeholders.”
Throughout his career, Mike has held several leadership positions in the industrial forgings and metal products business, serving the aerospace, transportation and oil and gas markets. As President of Wyman Gordon, he was responsible for a multi-national business, overseeing all aspects of the company’s business strategy, operations, and finance, while managing significant strategic acquisitions and integrations.
About AFG Holdings, Inc.
AFG Holdings, Inc. is a fully integrated OEM providing differentiated technology, products, and services. The Company maintains a market-leading position in many of its businesses, including aerospace, general industrial, oil and gas, and power generation.
Christine Mathers - Vice President, Marketing & Communications
AFG Holdings, Inc. | 713.393.4361 | This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Lubricating Oil Additives - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Amid the COVID-19 crisis, the global market for Lubricating Oil Additives estimated at US$15.7 Billion in the year 2020, is projected to reach a revised size of US$19 Billion by 2027, growing at a CAGR of 2.8% over the analysis period 2020-2027.
Dispersants, one of the segments analyzed in the report, is projected to record a 2.4% CAGR and reach US$4.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Viscosity Index Improvers segment is readjusted to a revised 2.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4.2 Billion, While China is Forecast to Grow at 4.5% CAGR
The Lubricating Oil Additives market in the U.S. is estimated at US$4.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.6 Billion by the year 2027 trailing a CAGR of 4.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.8% and 2.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.2% CAGR.
Detergents Segment to Record 2.6% CAGR
In the global Detergents segment, USA, Canada, Japan, China and Europe will drive the 2.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.6 Billion in the year 2020 will reach a projected size of US$2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.4 Billion by the year 2027, while Latin America will expand at a 2.7% CAGR through the analysis period.
Select Competitors (Total 45 Featured):
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/x3ly9i
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Purchase of leading solar developer and installer significantly expands project pipeline, geographic presence in California, and adds proprietary rooftop solar technology
BOULDER, Colo.--(BUSINESS WIRE)--Catalyze today announced it has acquired award-winning solar developer and installer PermaCity, representing a major strategic transaction in Catalyze’s recently-announced market consolidation strategy. Catalyze is a leading national independent power producer that develops, constructs, owns and operates renewable distributed generation and storage projects for commercial and industrial (C&I) customers.
With a commitment to deliver more than 400 megawatts (MWs) of projects within the next few years, PermaCity expands Catalyze’s project pipeline to more than 2 gigawatts and establishes a stronghold in the large California distributed solar market.
The transaction is expected to produce substantial synergies between the two companies as Catalyze will use PermaCity’s revolutionary and proprietary rooftop solar panel mounting technology, “SolarStrap,” to deploy rooftop solar projects more quickly, efficiently, and profitably nationwide. In addition, PermaCity will now be able to provide battery storage solutions in partnership with Catalyze for their existing and future customers.
Headquartered in Los Angeles, PermaCity was founded in 2003 by Jonathan Port. The company has developed more than 100 MWs of installed and operating solar generation on more than 9 million square feet of commercial roofs, including the Westmont Industrial Complex, the largest solar roof in the U.S. at 16.4 MWs, the L.A. Convention Center, Fox Studios, and many others.
“By acquiring PermaCity, not only are we adding an experienced professional team from the most successful C&I solar developer and installer in Southern California, we also gain the ability to implement the SolarStrap rooftop installation strategy which enables us to rapidly and efficiently deploy hundreds of rooftop projects for our customers,” said Catalyze Chief Executive Officer Steve Luker. “This standardization of rooftop installations will drive down costs, decrease construction time and allow us to deploy more capital across a larger number of rooftop projects, all of which is critical in meeting requirements from large customers with multiple installations occurring in parallel across the country.”
PermaCity will now operate as a business unit of Catalyze and Port will continue to lead the PermaCity division while also joining Catalyze’s executive leadership team. As part of the transaction PermaCity also has access to Catalyze’s proprietary origination-to-operations software integration platform, REenergyze™, battery storage and integration expertise, supply chain, project capital, tax equity partners, and shared services.
“We looked at several options for financing projects, but the magnitude of the opportunity created by integrating PermaCity and Catalyze went far beyond that of any other mere capital provider and we can now offer more complete solutions to customers plus pursue previously unavailable opportunities,” said Port. “Catalyze’s REenergyze™ platform is a game changer for this sector, and the combination of their integrated battery storage solutions and PermaCity’s demonstrated experience with SolarStrap technology creates the ability to dominate the C&I market.”
Catalyze, which is backed by leading energy investors EnCap Investments L.P. and Yorktown Partners LLC, recently purchased two community solar projects in upstate New York and integrated battery storage provider Prisma Energy Solutions at the beginning of the year.
“We couldn’t be more excited about the integration of PermaCity into the growing Catalyze family,” said Catalyze Vice President of Corporate Development Kenton Harder. “The highly-fragmented C&I solar industry is ripe for consolidation and efficiency gains. Catalyze, with its combination of powerful proprietary technologies, financial strength, and battery storage savvy, is in an even stronger position to lead a market consolidation effort with PermaCity on board.”
About Catalyze
Catalyze is a developer and independent power producer of renewable distributed generation, storage and electric vehicle projects, unlocking the commercial and industrial markets at scale through a first-of-its-kind approach. The company owns and operates integrated renewable assets and combines its proprietary technology, financial strength and battery and electric vehicle savvy to deliver standardized, yet configurable systems that meet their partners’ unique needs. These offerings enable property owners and customers to extract greater value from their assets, take increased responsibility and ownership of their energy profile, and ultimately become part of the clean energy transition. Catalyze is headquartered in Boulder, Colorado with offices in California, Massachusetts and Texas and is backed by leading energy investors EnCap Investments, L.P. and Yorktown Partners LLC. For more information, visit https://catalyze.energy/.
About EnCap Investments L.P.
Since 1988, EnCap Investments has been the leading provider of venture capital to the independent sector of the US energy industry. The firm has raised 21 institutional investment funds totaling approximately $37 billion and currently manages capital on behalf of more than 350 U.S. and international investors. For more information, please visit www.encapinvestments.com.
About Yorktown Partners LLC
Yorktown Partners LLC is an energy-focused private equity firm that has raised $9 billion of capital commitments across thirteen partnerships since 1991. The firm has provided financing and leadership to over 90 companies in the energy industry. Yorktown’s principals are significant investors in their partnerships. Yorktown's limited partners include endowments, foundations, families, insurance companies, and other institutional investors. To learn more about Yorktown, see www.yorktownenergy.com.
Media Contacts:
For Catalyze
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Casey Nikoloric, This email address is being protected from spambots. You need JavaScript enabled to view it. | O: 303.433.4397, x101, M: 303.507.0510
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TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) plans to announce its first-quarter 2021 financial results after the market closes on Monday, May 3, 2021.
The company’s first-quarter 2021 earnings conference call and webcast with analysts and investors is scheduled for Tuesday, May 4, 2021, at 9:30 a.m. Eastern Time (8:30 a.m. Central Time).
Participants who wish to join the call by phone must register using the following link: http://www.directeventreg.com/registration/event/5942459
A webcast link to the conference call will be provided on Williams’ website. A replay of the webcast will be available on the website for at least 90 days following the event.
About Williams
Williams (NYSE: WMB) is committed to being the leader in providing infrastructure that safely delivers natural gas products to reliably fuel the clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation and storage of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. Williams owns and operates more than 30,000 miles of pipelines system wide – including Transco, the nation’s largest volume and fastest growing pipeline – and handles approximately 30 percent of the natural gas in the United States that is used every day for clean-power generation, heating and industrial use. www.williams.com
Portions of this document may constitute “forward-looking statements” as defined by federal law. Although the company believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the “safe harbor” protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in the company’s annual and quarterly reports filed with the Securities and Exchange Commission.
MEDIA:
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(800) 945-8723
INVESTOR CONTACT:
Danilo Juvane
(918) 573-5075
SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin® Ltd. (Nasdaq: GRMN) invites shareholders and investors to join Garmin executives for its first quarter 2021 earnings conference call that will be livestreamed on Wed., April 28, 2021 at 10:30 a.m. ET. The call will be held in conjunction with the company's earnings release, which will be distributed prior to market open on April 28, 2021.
What: Garmin Ltd. First Quarter 2021 Earnings Call
When: Wednesday, April 28, 2021 at 10:30 a.m. ET
Where: http://www.garmin.com/en-US/company/investors/events/
How: Join via the website link above or participate by phone by dialing 855-757-3897. (Due to the limited number of lines available, we encourage you to dial-in approximately 15 minutes prior to the start of the call.)
Contact: This email address is being protected from spambots. You need JavaScript enabled to view it.
An archive of the live webcast will be available until April 27, 2022 on Garmin’s website at www.garmin.com. To access the replay, click on the Investor Relations link and select the Quarterly and Annual Earnings page.
Engineered on the inside for life on the outside, Garmin products have revolutionized the aviation, automotive, fitness, marine and outdoor lifestyles. Dedicated to helping people make the most of the time they spend pursuing their passions, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. For more information, visit Garmin's virtual pressroom at garmin.com/newsroom, email This email address is being protected from spambots. You need JavaScript enabled to view it., or follow us at linkedin.com/company/garmin, facebook.com/garmin, twitter.com/garminnews, instagram.com/garmin or youtube.com/garmin.
About Garmin Ltd: Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin is a registered trademark of Garmin Ltd.
INVESTOR CONTACT:
Teri Seck
Garmin International, Inc.
Phone | 913/397-8200
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MEDIA CONTACT:
Carly Hysell
Garmin International, Inc.
Phone | 913/397-8200
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Liberty Global and Zouk Capital-backed Firm to Install Charging Points across the London Borough of Waltham Forest as National Drive to Net Zero Gathers Pace
LONDON, United Kingdom--(BUSINESS WIRE)--Liberty Charge, the joint venture created by Liberty Global and Zouk Capital to rollout on-street electric vehicle charging points in the UK, has today announced the successful completion of its first UK installation in the London borough of Waltham Forest.
The project will see the joint venture install 20 charging points across 10 sites in the borough. This figure will increase to 50 sites as future locations are determined. The announcement follows a report from Policy Exchange in February 2021 which found that the UK needs to install five times as many EV charging points to meet its climate goals.
Waltham Forest is the first installation in a national programme being rolled out by Liberty Charge. More areas for deployment will be confirmed during the course of this year as Liberty Charge continues discussions with local authorities throughout the UK to maximise on-street electric vehicle charging opportunities for residents.
The joint venture, which was set up last May, leverages Liberty Global UK subsidiary, Virgin Media’s network infrastructure, deployment capabilities and trusted relationships with local authorities. Zouk is the manager of the Charging Infrastructure Investment Fund (CIIF), the dedicated fund established by the UK Government in 2019 and backed by HM Treasury to help develop public charging infrastructure points for electric vehicles throughout the UK.
Neil Isaacson, CEO, Liberty Charge, comments: “Recent research has highlighted the need to do much more to meet the rising consumer demand for electric vehicles charging if the UK government’s carbon neutral targets are to be met. There are many challenges on the road to net zero and at Liberty Charge we’re doing everything we can to ensure that charging infrastructure is not a limiting factor. We look forward to partnering with other local authorities to give residents more opportunities to charge their electric vehicles on the street.”
Cllr Clyde Loakes, Deputy Leader, Waltham Forest Council, added: “Waltham Forest is dedicated to enabling people to convert to EVs to reduce vehicle related emissions and promote more sustainable forms of transport. Working with Liberty Charge, which can tap into Virgin Media’s infrastructure and capabilities, is a logical decision to maximise expertise, minimise disruption and help build a best-in-class on-street charging network.”
The charging points will be operated by EV DOT, a publicly accessible electric vehicle charging network owned and operated by BMM Networks. The charge points provide access to a charging capacity of up to 22 kW and cost EV drivers 30p per kWh to charge.
ABOUT LIBERTY CHARGE
Liberty Charge works in partnership with Local Authorities, Chargepoint operators and other eMobility stakeholders to help deliver power and connectivity infrastructure for onstreet EV Charging in residential areas of UK Cities and Towns to serve residents without offstreet parking and charging. We are a joint venture between Liberty Global and Zouk Capital leveraging all the build capabilities and network assets of Virgin Media, a Liberty Global subsidiary. Zouk Capital is a London-based sustainable infrastructure and growth technology fund manager. Zouk is the fund manager for the UK Treasury's Charging Infrastructure Investment Fund (CIIF).
ABOUT ZOUK CAPITAL
Zouk Capital is a sustainable infrastructure and growth technology fund manager. Zouk's distinctive dual-track strategy capitalises on the commercial opportunities created by a global shift to greater resource efficiency, decarbonisation of industries and sustainability. Zouk’s infrastructure investment funds invest in projects and companies in the renewable energy and environmental infrastructure space, including sectors such as electric vehicle charging infrastructure, waste-to-energy, energy efficiency and distributed small-scale energy. Zouk manages the UK Treasury’s Charging Infrastructure Investment Fund, which aims to catalyse the rollout of electric vehicle charging infrastructure that is required to support the electrification of vehicles. Zouk has invested in the sustainable economy since 2000, has almost €900m under management and is based in London.
ABOUT LIBERTY GLOBAL
Liberty Global (NASDAQ: LBTYA, LBTYB and LBTYK) is one of the world’s leading converged video, broadband and communications companies, with operations in seven European countries under the consumer brands Virgin Media, Telenet, UPC, the combined Sunrise UPC, as well as VodafoneZiggo, which is owned through a 50/50 joint venture. Our substantial scale and commitment to innovation enable us to invest in the infrastructure and digital platforms that empower our customers to make the most of the digital revolution.
Liberty Global delivers market-leading products through next-generation networks that connect customers subscribing to 49 million broadband, video, fixed and mobile telephony services across our brands. We also have significant investments in ITV, All3Media, ITI Neovision, LionsGate, the Formula E racing series and several regional sports networks.
For more information, please visit www.libertyglobal.com.
Investor Relations:
Max Adkins +44 20 8483 6336
Stefan Halters +44 20 8483 6211
Corporate Communications:
Molly Bruce +1 303 220 4202
Matt Beake +44 20 8483 6428
AMES, Iowa--(BUSINESS WIRE)--Renewable Energy Group, Inc. (“REG”) (NASDAQ: REGI) announced today that it will redeem all of its outstanding 4.00% Convertible Senior Notes due 2036 (CUSIP No. 75972A AC7) (the “Notes”) on June 15, 2021 (the “Redemption Date”) at a redemption price (the “Redemption Price”) equal to 100% of the principal amount of the Notes redeemed. Because the Redemption Date is the interest payment date relating to the regular record date of June 1, 2021, the holder of a Note as of 5:00 p.m., New York City time, on June 1, 2021 will be entitled, notwithstanding the redemption of the Notes, to receive, on the Redemption Date, the unpaid interest that would have accrued on such Note to, but excluding, the Redemption Date and, accordingly, the Redemption Price to be paid to the redeeming holder of a Note will not include accrued and unpaid interest on such Note to, but excluding, the Redemption Date. As of April 11, 2021, there was approximately $31.4 million aggregate principal amount of the Notes outstanding.
The Notes may be converted at any time before 5:00 p.m., New York City time, on June 11, 2021, which is the second business day immediately before the Redemption Date, in accordance with and subject to the terms of the Indenture governing the Notes, dated as of June 2, 2016 (the “Indenture”) and the Notes. REG has determined that Notes surrendered for conversion will be settled in cash up to the principal amount of the Notes surrendered for conversion and shares of REG common stock for the remainder of the conversion obligation, if any, in excess of the principal amount (provided that REG will pay cash in lieu of issuing fractional shares) in accordance with the terms of the Indenture. The Notes are currently convertible at a conversion rate of 92.8074 shares of REG common stock per $1,000 principal amount of Notes.
Unless REG defaults in making payment of the Redemption Price, interest on the Notes will cease to accrue from and after the Redemption Date and thereafter the only remaining right of a holder of Notes will be the right to receive payment of the Redemption Price upon surrender of Notes to the Paying Agent. Notes called for redemption must be surrendered to the Paying Agent through the facilities of The Depository Trust Company to collect the Redemption Price.
Additional Information
Wilmington Trust, National Association, as Trustee for the Notes, is sending a Notice of Full Redemption to all registered holders.
This press release is for informational purposes only and does not constitute a notice of redemption of the Notes or an offer to sell or the solicitation of an offer to buy securities in any jurisdiction.
About Renewable Energy Group
Renewable Energy Group, Inc. (NASDAQ: REGI) is leading the energy industry’s transition to sustainability by transforming renewable resources into high-quality, cleaner fuels. REG is an international producer of cleaner fuels and North America’s largest producer of biodiesel. REG solutions are alternatives for petroleum diesel and produce significantly lower carbon emissions. REG utilizes an integrated procurement, distribution and logistics network to operate 12 biorefineries in the U.S. and Europe. In 2020, REG produced 519 million gallons of cleaner fuel delivering 4.2 million metric tons of carbon reduction. REG is meeting the growing global demand for lower-carbon fuels and leading the way to a more sustainable future.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to redemption of the Notes and conversion of the Notes. These forward-looking statements are based on current expectations and assumptions, are subject to change, and actual results may differ materially. Factors that could cause actual results to differ materially include those relating to difficulties, delays or unexpected costs related to, or REG’s inability to consummate, the redemption of the Notes and other risks described in REG’s annual report on Form 10-K for the year ended December 31, 2020 and from time to time in the REG’s other periodic filings with the SEC. All forward-looking statements are made as of the date of this press release and REG does not undertake to update any forward-looking statements based on new developments or changes in its expectations.
Renewable Energy Group
Todd Robinson
Interim Chief Financial Officer
+1 (515) 239-8048
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Appointments help support Avetta’s continuing rapid growth and commitment to providing best-in-class supply chain risk management solutions
OREM, Utah--(BUSINESS WIRE)--#riskmanagement--Avetta, the leading provider of supply chain risk management software, announced two key executive appointments: Tom McNamara as Chief Operating Officer, and Jeff Byal as Chief Financial Officer.
In his new role, McNamara will lead sales, marketing, the supplier network and professional services. With his experience in building high-performing teams, delivering aggressive growth and leading organizational transformation, he will align Avetta’s employees, processes and systems to match the company’s rapid expansion.
Byal brings 30 years of experience and a high specialization in leading the growth of billion dollar SaaS and technology organizations. Byal will work alongside CEO and President, Arshad Matin, to assist in managing the company’s continuing growth.
“We are pleased to announce these appointments of highly seasoned executives with the experience to assist in guiding our operations through this exciting time of high growth,” said Matin. “Aligning sales, marketing, supplier network services and partnerships under Tom’s leadership ensures Avetta will serve clients and suppliers cohesively in our network as we grow. Likewise, Jeff will work closely with senior executives to ensure financial resilience and appropriate investment in our continuing organic and inorganic global growth.”
McNamara has more than 30 years of professional sales, marketing, business development, solution engineering, client services and account management experience from startups to Fortune 500 companies. Previously, McNamara was COO and Chief Revenue Officer of construction software leader Viewpoint, where he managed operations for the entire client lifecycle—from marketing and sales to implementation and client support. McNamara also spent almost 10 years at NAVEX Global, where he was Chief Revenue Officer and Senior Vice President of Global Sales. He spent another six years with Associated Business Systems and 12 years at Xerox.
“Avetta is redefining supply chain management services for companies and suppliers post COVID-19,” said McNamara. “The management team is top-notch, with experience in building companies during their high-growth stages. I’m excited to add to the depth of the executive team to help the company succeed.”
Byal is a Certified Public Accountant (CPA) and a Chartered Global Management Accountant (CGMA) with more than 30 years’ experience that includes 15 years in the software/IT services industry. Byal has 25 years’ experience at the CFO/CAO level and brings a wealth of global Merger/Acquisition experience to Avetta along with his senior global financial leadership abilities. Among his multiple leadership positions, Byal served most recently as CFO for Appriss, a Kentucky-based global company that provides state-of-the-art technology, risk and data-driven analytic solutions for local, state and federal agencies, data & insurance companies, healthcare providers, pharmacies and retailers.
“The team at Avetta has uniquely positioned itself with the global market’s need for much needed supplier compliance software and tools with a market that is ever increasing,” said Byal. “The opportunity to join Arshad, Tom and the entire Avetta team on this journey to build a durable organization serving the best companies around the globe is something I could not miss out on.”
“We look forward to the contributions of both of these executives in furthering our ongoing mission of supply chain safety, resilience and sustainability,” Matin concluded.
Along with the addition of these two executives and the critical mass of leadership and clients located in Texas, Avetta is opening a second Executive Headquarters in Houston. The expansion is planned for later this year.
Avetta’s technology platform, Avetta Connect™, helps companies worldwide build resilience and continuity in their supply chains – from increasing visibility within the network to ensuring safety and sustainability. The Avetta Marketplace provides suppliers and contractors deep discounts on insurance and safety-related products and services.
About Avetta
Avetta offers a configurable SaaS-based solution that assists organizations – both large and small – in managing supply chain risk across a variety of disciplines. Avetta is building the world’s most intelligent supply chain risk management network to advance clients’ safety, resilience and sustainability programs. Avetta leads the world in connecting leading global organizations across industries, including telecom, construction materials, manufacturing, facilities management, high tech and energy with qualified and vetted suppliers and contractors. The company brings unmatched access and visibility to its clients’ supply chain risk management process through its innovative and configurable technology coupled with highly experienced human knowledge and insight. We contribute to the advancement of our clients’ sustainable growth by protecting supply chains from a wide range of potential risks through trusted contractor prequalification, safety training and monitoring, regulatory compliance, insurance/financial stability and other areas of risk. Avetta serves more than 450 enterprise companies and 100,000 suppliers across 100+ countries. Visit https://www.avetta.com/ for more information.
SnappConner PR
Mark Fredrickson, +1 801-806-0161
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Avetta
Scott Nelson, +1 801-850-3363
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DUBLIN--(BUSINESS WIRE)--The "Ultracapacitors - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Ultracapacitors Market to Reach $12.6 Billion by 2027
Amid the COVID-19 crisis, the global market for Ultracapacitors estimated at US$3.2 Billion in the year 2020, is projected to reach a revised size of US$12.6 Billion by 2027, growing at a CAGR of 21.7% over the analysis period 2020-2027.
Below 10 Volts, one of the segments analyzed in the report, is projected to record a 18.5% CAGR and reach US$2.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the 10-25 Volts segment is readjusted to a revised 18.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $949.5 Million, While China is Forecast to Grow at 21.4% CAGR
The Ultracapacitors market in the U.S. is estimated at US$949.5 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2027 trailing a CAGR of 21.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 19.1% and 18.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 15.5% CAGR.
26-50 Volts Segment to Record 21.1% CAGR
In the global 26-50 Volts segment, USA, Canada, Japan, China and Europe will drive the 21% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$436.9 Million in the year 2020 will reach a projected size of US$1.7 Billion by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.5 Billion by the year 2027.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS (Total 36 Featured):
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/vru8az
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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MANCHESTER, England--(BUSINESS WIRE)--Luxfer Holdings PLC (NYSE: LXFR), a global manufacturer of highly-engineered materials, announced today that it will release financial results for the first quarter of 2021 after the market closes on Monday, April 26th, 2021. Luxfer has also scheduled a conference call at 8:30 a.m. U.S. Eastern Time on Tuesday, April 27th, 2021.
U.S. participants may access the conference call by telephoning +1-877-341-8545. Participants from other countries may call +1-908-982-4601. The participant conference ID code is 9566748. Please begin the call-in procedure at least 15 minutes before the conference call begins. The call is expected to last approximately one hour.
The conference call will be webcast live and can be accessed by using the following link: https://event.on24.com/wcc/r/3115260/8C66BB74579AD2718F15C3BAF63C53F2
A recording of the call will be available for replay two hours after the call is completed and will remain accessible until the next quarterly report is released. To listen to the recording, please call 855-859-2056 in the U.S. and +1-404-537-3406 in all other countries. Enter the conference ID code 9566748 when prompted.
The presentation and a recording of the call will also be available on Luxfer’s website at https://www.luxfer.com/investors/reports-and-presentations/quarterly-reports-and-presentations/.
About Luxfer Holdings PLC
Luxfer is a global manufacturer of highly-engineered industrial materials, which focuses on value creation by using its broad array of technical knowhow and proprietary technologies. Luxfer’s high-performance materials, components, and high-pressure gas containment devices are used in defense and emergency response, healthcare, transportation and general industrial applications. For more information, visit www.luxfer.com.
Luxfer is listed on the New York Stock Exchange and its ordinary shares are traded under the symbol LXFR.
Luxfer Holdings PLC
Heather Harding – Chief Financial Officer
+1 414-269-2419
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DALLAS & OKLAHOMA CITY--(BUSINESS WIRE)--Energy Transfer LP (NYSE: ET) and Enable Midstream Partners, LP (NYSE: ENBL) today announced that following the Securities and Exchange Commission declaring effective the Registration Statement on Form S-4 on April 7, 2021, the two largest Enable unitholders have delivered their written consents to approve the merger of Enable into Energy Transfer. These unitholders, CenterPoint Energy, Inc. (CNP) and OGE Energy Corp (OGE), own approximately 79% of Enable’s outstanding common units. While the consents of CNP and OGE are sufficient to approve the transaction, Enable is requesting all its common unitholders approve the merger and other proposals outlined in the Registration Statement by executing and returning the written consent furnished with the filing. Energy Transfer and Enable expect the transaction to close in mid-2021, subject to the satisfaction of customary closing conditions, including Hart-Scott-Rodino clearance.
About Energy Transfer
Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with a strategic footprint in all of the major domestic production basins. ET is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, NGL and refined product transportation and terminalling assets; NGL fractionation; and various acquisition and marketing assets. ET, through its ownership of Energy Transfer Operating, L.P., also owns Lake Charles LNG Company, as well as the general partner interests, the incentive distribution rights and 28.5 million common units of Sunoco LP (NYSE: SUN), and the general partner interests and 46.1 million common units of USA Compression Partners, LP (NYSE: USAC). For more information, visit the Energy Transfer LP website at https://www.energytransfer.com/.
About Enable
Enable (NYSE: ENBL) owns, operates and develops strategically located natural gas and crude oil infrastructure assets. Enable’s assets include approximately 14,000 miles of natural gas, crude oil, condensate and produced water gathering pipelines, approximately 2.6 Bcf/d of natural gas processing capacity, approximately 7,800 miles of interstate pipelines (including Southeast Supply Header, LLC of which Enable owns 50%), approximately 2,200 miles of intrastate pipelines and seven natural gas storage facilities comprising 84.5 billion cubic feet of storage capacity. For more information, visit https://www.enablemidstream.com/.
Forward-Looking Statements
This release includes “forward-looking” statements. Forward-looking statements are identified as any statement that does not relate strictly to historical or current facts. Statements using words such as “anticipate,” “believe,” “intend,” “project,” “plan,” “expect,” “continue,” “estimate,” “goal,” “forecast,” “may” or similar expressions help identify forward-looking statements. Energy Transfer and Enable cannot give any assurance that expectations and projections about future events will prove to be correct. Forward-looking statements are subject to a variety of risks, uncertainties and assumptions. These risks and uncertainties include the risks that the proposed transaction may not be consummated or the benefits contemplated therefrom may not be realized. Additional risks include: the ability to obtain requisite regulatory approval and the satisfaction of the other conditions to the consummation of the proposed transaction, the ability of Energy Transfer to successfully integrate Enable’s operations and employees and realize anticipated synergies and cost savings, the potential impact of the announcement or consummation of the proposed transaction on relationships, including with employees, suppliers, customers, competitors and credit rating agencies, the ability to achieve revenue, DCF and EBITDA growth, and volatility in the price of oil, natural gas, and natural gas liquids. Actual results and outcomes may differ materially from those expressed in such forward-looking statements. These and other risks and uncertainties are discussed in more detail in filings made by Energy Transfer and Enable with the SEC, which are available to the public. Energy Transfer and Enable undertake no obligation to update publicly or to revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Additional Information and Where to Find It
SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT AND PROXY STATEMENT/PROSPECTUS REGARDING THE TRANSACTION CAREFULLY WHEN IT BECOMES AVAILABLE. These documents and any other documents filed by Energy Transfer and Enable with the SEC, may be obtained free of charge at the SEC’s website, at https://www.sec.gov/. In addition, investors and security holders will be able to obtain free copies of the registration statement and the proxy statement/prospectus by phone, e-mail or written request by contacting the investor relations department of Energy Transfer at the number and address set forth below:
Energy Transfer LP
8111 Westchester Drive, Suite 600
Dallas, Texas 75225
Enable Midstream Partners LP
499 W. Sheridan Ave., Suite 1500
Oklahoma City, OK 73102
No offer or solicitation
This communication relates to a proposed merger (the “Merger”) between Enable and Energy Transfer. This communication is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, in any jurisdiction, pursuant to the Merger or otherwise, nor shall there be any sale, issuance, exchange or transfer of the securities referred to in this document in any jurisdiction in contravention of applicable law. 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.
Participants in the Solicitation
Enable, Energy Transfer, and the directors and executive officers of their respective general partners, CNP (and their affiliates), OGE (and their affiliates) may be deemed to be participants in the solicitation of proxies in respect to the Merger.
Information regarding the directors and executive officers of Enable’s general partner is contained in Enable’s 2020 Annual Report on Form 10-K filed with the SEC on February 24, 2021, and certain of its Quarterly Reports on Form 10-Q Current Reports on Form 8-K. You can obtain a free copy of this document at the SEC’s website at http://www.sec.gov or by accessing Enable’s website at http://www.enablemidstream.com. Information regarding the executive officers and directors of Energy Transfer’s general partner is contained in Energy Transfer’s 2020 Annual Report on Form 10-K filed with the SEC on February 19, 2021 and certain of its Current Reports on Form 8-K. You can obtain a free copy of this document at the SEC’s website at www.sec.gov or by accessing Energy Transfer’s website at http://www.energytransfer.com.
Investors may obtain additional information regarding the interests of those persons and other persons who may be deemed participants in the Merger by reading the consent solicitation statement/prospectus regarding the Merger when it becomes available. You may obtain free copies of this document as described above.
Energy Transfer LP
Investors
Bill Baerg, Brent Ratliff, Lyndsay Hannah
(214) 981-0795
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Media
Vicki Granado, Lisa Coleman
(214) 840-5820
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Enable Midstream Partners
Investors
Matt Beasley
(405) 558-4600
Media
Leigh Ann Williams
(405) 553-6947
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