The Daily Herald Business Ledger has named Fairbanks Energy Services a winner of their Annual Awards for Business Excellence in Innovation for the firm’s energy efficiency results and turnkey projects
HINGHAM, Mass. & ARLINGTON HEIGHTS, Ill.--(BUSINESS WIRE)--#AABEs--Fairbanks Energy Services, LLC, an energy efficiency firm and developer of comprehensive commercial and industrial turnkey projects, has been recognized by the Daily Herald Business Ledger as a winner in its 31st Annual Awards for Business Excellence (AABEs) in the Innovation in Business category. Focused on business and economic news in suburban Chicago, the Daily Herald Business Ledger acknowledges the achievements of Fairbanks Energy’s Chicago office for their innovation and accomplishments in the Midwest region.
The AABEs feature outstanding businesses regarding significant achievement, growth and community involvement in the Greater Chicago area. The award for Innovation in Business specifically recognizes organizations for their innovative services or solutions that have a profound and lasting positive impact on their industry and community.
Over the course of their years in business, Fairbanks Energy Services has lowered over 250 million kWh annually through their projects across the nation. In the Midwest region specifically, Fairbanks Energy is helping clients save over 48 million kWh annually, the economic equivalent to $5.5 million in energy cost savings. Fairbanks Energy’s efficiency solutions are custom designed for clients and include: LED lighting, HVAC/mechanical system retrofits, Building Management Systems and controls integrations, data center optimization and utility incentive qualification.
“The Daily Herald Business Ledger’s Annual Awards for Business Excellence (AABEs) highlight successful suburban businesses, organizations and non-profits,” said Andy Zielonka, Manager, Operations & Sales of the Daily Herald Business Ledger. “The companies that will be honored have shown a consistent record of financial success, an emphasis on workplace quality and support of the community at large through charitable or volunteer efforts. The thirty-four companies being recognized have faced unprecedented challenges this past year and have met those challenges with innovation and determination.”
"Identifying and building innovative, business-oriented approaches to energy efficiency is at the forefront of what we do," said Rob Golden, Vice President, Midwest Region of Fairbanks Energy Services. "True innovation is not just found in our designing and engineering of these projects, but also in helping businesses understand the significance of investing in energy savings solutions and empowering them to take action. We are honored that the Daily Herald Business Ledger has selected us as a recipient of their 2021 Innovation in Business Award."
Fairbanks Energy Services was recently acquired by Mantis Innovation Group, marking another stage of growth for the national efficiency solutions firm. Through this partnership, Fairbanks Energy has the opportunity to incorporate expanded service offerings including solar, roofing, facility asset management solutions, power procurement, demand response and other complementary tactics to improve overall building performance.
About Fairbanks Energy Services
Fairbanks Energy Services, a division of Mantis Innovation Group, is a national, full-service design/build energy efficiency firm dedicated to providing cost-effective retrofit solutions for our clients. Our comprehensive approach and deep knowledge of federal, state and municipal incentive programs allow us to identify, develop and install solutions that maximize savings while minimizing capital outlay. The team’s 30 years of experience in providing energy conservation services for commercial and industrial clients throughout the country enable Fairbanks Energy to create energy-saving solutions that are also aligned with the comfort, aesthetics and budgetary needs of clients and their employees.
Learn more at https://www.fairbanksenergy.com and https://mantisinnovation.com/.
Press:
Fairbanks Energy Services
Caroline Haley
Marketing Manager
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(978) 394-8670
A 250-megawatt project in southeastern Wisconsin would provide enough clean energy to power about 75,000 households.
MADISON, Wis.--(BUSINESS WIRE)--Madison Gas and Electric (MGE), in partnership with We Energies and Wisconsin Public Service (WPS), subsidiaries of WEC Energy Group, is seeking approval from the Public Service Commission of Wisconsin (PSCW) to purchase solar energy and battery storage from the Darien Solar Energy Center. If approved, MGE will own 25 megawatts (MW) of solar energy and 7.5 MW of battery storage from the 250-MW solar park to be built in the Town of Bradford in Rock County and the Town of Darien in Walworth County.
"The Darien Solar Energy Center is another step in MGE's ongoing transition to greater use of cleaner energy sources and carbon reductions of at least 65% by 2030 and our goal of net-zero carbon by 2050," said Jeff Keebler, MGE Chairman, President and CEO. "Further investment in cost-effective, clean energy and battery storage technology will allow us to continue reliably serving our customers as we work together to meet our carbon reduction goals. We have said since introducing our clean energy and carbon reduction goals—if we can go further faster, we will."
The Darien Solar Energy Center will help MGE to meet future energy and capacity needs cost-effectively as the company continues its ongoing transition away from coal-fired electricity with the planned retirement of the Columbia Energy Center in Portage by the end of 2024. The project, if approved, is part of more than 230 MW of new solar capacity announced since MGE introduced its Energy 2030 framework for a more sustainable future in November 2015.
Darien Solar Energy Center
If approved, the Darien Solar Energy Center will be developed and constructed by Invenergy LLC, which filed an application for the project with the PSCW in July 2020. The 2,000-acre project is expected to feature up to 850,000 solar panels. We Energies and WPS will own the remaining 225 MW of the output and 67.5 MW of battery storage from the project.
Construction is expected to begin in late 2021, if approved. The Darien Solar Energy Center is expected to begin serving customers by the end of 2023. MGE's share of the Darien Solar Energy Center will power about 7,500 households.
MGE's net‐zero carbon electricity goal
In May 2019, MGE announced its goal of net-zero carbon electricity by 2050, making it one of the first utilities in the nation to commit to net-zero carbon by mid-century. MGE's net-zero goal is consistent with the latest climate science from the Intergovernmental Panel on Climate Change (IPCC) October 2018 Special Report on limiting global warming to 1.5 degrees Celsius.
To achieve deep decarbonization, MGE is growing its use of renewable energy, engaging customers around energy efficiency and working to electrify transportation, all of which are key strategies identified by the IPCC.
About MGE
MGE generates and distributes electricity to 157,000 customers in Dane County, Wis., and purchases and distributes natural gas to 166,000 customers in seven south-central and western Wisconsin counties. MGE's parent company is MGE Energy, Inc. The company's roots in the Madison area date back more than 150 years.
Steve Schultz
Corporate Communications Manager
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TORONTO--(BUSINESS WIRE)--Explosive new environmental documentary, “Bright Green Lies” Trailer: www.brightgreenlies.com will make its worldwide debut to audiences on Earth Day, April 22nd, 2021. The film premiere will be followed by a live conversation and Q&A with filmmaker Julia Barnes and the authors of the book, Max Wilbert, Derrick Jensen and Lierre Keith.
The film, directed by award-winning filmmaker Julia Barnes, dismantles the illusion of Green Technology in breath-taking, comprehensive detail. From the proposed benefits of solar panels and wind turbines, to green consumerism and electric cars, the film takes a bold peak behind the green curtain. In doing so, it reveals the extent of the lies being told by prominent environmentalists and their supporters in-order to perpetuate the myth that out-of-control human consumption can be continued if people just ‘buy green.’
The majority of ‘green technologies’, heralded as solutions to environmental destruction are, in fact, adding to the problem, speeding up our consumption and enabling people to live in the fantasy of “green-washing.”
Bright Green Lies takes an in-depth look at the newest wave of environmentalism and its belief that through 100% renewables, recycling and electric cars, we can have industrial civilization without destroying the planet.
“Over the past several decades, this ‘Bright Green environmentalism’ has become mainstream,” said Julia Barnes. “There are an incredible number of claims being made about “green” technologies that are frankly untrue. Words like “clean,” “free,” “safe,” and “sustainable” are often thrown around by bright green environmentalists. They act as if solar panels and wind turbines grow on trees.”
Through the film’s examination of the unseen processes involved in making flagship green technologies, a very different picture is revealed. Their mass production requires increased mining, industrial manufacturing, habitat destruction, greenhouse gas emissions, and the creation of toxic waste. Renewable energy does not even deliver on its most basic promise of reducing fossil fuel consumption. On a global scale, the energy produced by 'green technology' is simply being stacked on top of what is already being used.
The solutions we are turning to as our saviours are adding to the destruction, accelerating the mass extinction of life on earth, and wasting time we don’t have on false solutions. Tackling the most pressing issues of our time will require us to look beyond the mainstream technological fantasies and ask deeper questions about what needs to change. "We can't save the world by destroying it," said Max Wilbert.
Join us for the live premiere of www.brightgreenlies.com followed by an in-depth conversation and live Q&A with Julia Barnes, Derrick Jensen, Max Wilbert and Lierre Keith.
Earth Day – April 22nd
8:30pm EST
For further information and/or interviews please email:
Josh Stanbury This email address is being protected from spambots. You need JavaScript enabled to view it.
WASHINGTON & RIO DE JANEIRO--(BUSINESS WIRE)--EIG, a leading institutional investor to the global energy sector, and Prumo Logística S.A. (“Prumo”), a private Brazilian company controlled by EIG, today announced the signing of a Memorandum of Understanding (“MoU”) between Prumo’s subsidiary, Porto do Açu Operações S.A. (“Port of Açu” or the “Port”), and Fortescue Future Industries Pty Ltd (“FFI”). FFI is a wholly owned subsidiary of Fortescue Metals Group Ltd (“Fortescue”).
Under the terms of the MoU, the parties will jointly conduct feasibility studies on installing a green hydrogen plant at the Port of Açu, Latin America’s largest privately owned deep-water port-industrial complex, marking a major step toward developing a system capable of producing industrial-scale green hydrogen. The MoU also lays the groundwork for onsite solar power and offshore wind development projects in the states of Rio de Janeiro and Espirito Santo.
The proposed green hydrogen plant would have 300 megawatts of capacity with potential to produce 250,000 metric tons of green ammonia. The availability of green hydrogen and renewable power is expected to drive further sustainable industrialization at the Port, including production of green steel, fertilizers, chemicals, fuels, and other sustainably manufactured industrial products. If the project moves forward, it will accelerate the decarbonization of hard-to-abate sectors such as transportation, manufacturing, and heavy industry.
FFI Chief Executive Officer, Julie Shuttleworth, said, “FFI is assessing renewable energy and green hydrogen opportunities globally and will lead and drive the green energy and product industry as we transition away from fossil fuels. I am excited to announce this MOU with Port of Açu. The opportunity to establish totally new and future large-scale industries will drive growth in the Brazilian economy. We expect the potential for new green industries at Port of Açu to substantially diversify, broaden and deepen Brazil’s already skilled workforce.”
Carlos Tadeu Fraga, CEO of Prumo, said, “We are thrilled to partner with FFI on this exciting project, which allows us to explore new opportunities in the growing green hydrogen space. This partnership is the latest milestone in Prumo’s mission to build a port complex that fosters economic and social progress by sustainably optimizing the development of Brazil’s energy and infrastructure assets. We are already well-positioned to achieve that mission, and this project would help us further realize these ambitions in Brazil and across the region.”
R. Blair Thomas, CEO of EIG and Chairman of Prumo’s Board of Directors, said, “We are pleased to welcome FFI as a partner in support of this potentially ground-breaking green energy project. We are realizing tremendous progress at the Port and believe that Prumo, with its roster of world-class partners and clients, is primed to be a leader in Latin America’s energy transition.”
About Port of Açu
Port of Açu is the largest privately owned deep-water port-industrial complex in Latin America. In operation since 2014, Port of Açu is managed by Porto do Açu Operações, a partnership between Prumo Logística and the Port of Antwerp International, a subsidiary of the Antwerp Port Authority. Planned for the next five years, the port's industrialization will be founded on, amongst others, sustainable projects and clean energy generation: chemicals, fuels, pelletizing, steel and other companies will be able to use green hydrogen as input to make their energy mix more sustainable.
About Prumo Logística
Prumo is the multi-business economic group responsible for the strategic development of the Port of Açu. We are controlled by EIG, a US-based fund focused on energy and infrastructure, and by Mubadala Investment Company, an active and innovative investor that allocates capital in a variety of segments. Through the Group’s 6 companies (Porto do Açu Operações, Ferroport, Açu Petróleo, GNA, Dome and BP Prumo) and our clients and partners, the Port of Açu serves the oil & gas, port logistics and mining segments. Its infrastructure has unique potential to support new businesses and several industrial niches. Guided by Prumo’s strategic perspective, Açu is now one of the largest and most promising enterprises in Brazil. With operational safety and efficiency combined with the strength of the Group’s long-term vision and the proximity to the main oil exploration basins, Açu is consolidating into the best solution for the most challenging demands.
About EIG
EIG is a leading institutional investor to the global energy sector with $22.0 billion under management as of December 31, 2020. EIG specializes in private investments in energy and energy-related infrastructure on a global basis. During its 39-year history, EIG has committed over $34.9 billion to the energy sector through more than 365 projects or companies in 36 countries on six continents. EIG’s clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the U.S., Asia and Europe. EIG is headquartered in Washington, D.C. with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul. For additional information, please visit EIG’s website at www.eigpartners.com.
Prumo:
Vanessa Teixeira – General Manager, MarComm
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EIG:
Kelly Kimberly/Brandon Messina, Sard Verbinnen & Co.
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T: +1 (212) 687-8080
MILPITAS, Calif. & CHICAGO--(BUSINESS WIRE)--#DeltaSkyClub--View, Inc. (Nasdaq: VIEW) (“View”), the market leader in smart glass, announced its smart windows will be installed in the new 350,000-square-foot expansion of Terminal 5 at Chicago’s O’Hare International Airport (ORD). The expansion is part of O’Hare 21, an $8.5 billion project to modernize the airport with the goal of providing an efficient and comfortable passenger experience, with Terminal 5 serving as the new home for Delta Air Lines in Chicago.
View Smart Windows use artificial intelligence to optimize the amount of natural light in the terminal while minimizing heat and glare, to provide a more comfortable and healthier environment for passengers. In addition, smart windows reduce energy consumption by reducing cooling requirements.
Designed by the architecture firms Muller2 and HOK, the terminal mimics the sleek form of an airplane wing and will include floor-to-ceiling windows that increase natural light and offer expansive views of the runway. The expansion will increase the terminal’s gate capacity by 25 percent, adding 10 new gates, new concessions, and a brand-new Delta Sky Club premium lounge facility featuring View Smart Windows.
“As more people return to the skies, transforming airports from curb to gate to be comfortable, healthy, and efficient will be key to instilling confidence in travelers,” said Jamie L. Rhee, the commissioner of the Chicago Department of Aviation. “Incorporating View’s state-of-the-art, smart windows in Terminal 5 will help us provide an exceptional passenger experience while also making the airport more efficient and reducing our energy usage.”
In a recent study on the impact of natural light and the airport experience, passengers rated a concourse with View Smart Windows as 33 percent more modern, efficient, bright, and comfortable than one with traditional windows. Passengers were also 68 percent more likely to report being “very satisfied” with their overall experience in gates with View Smart Windows. Finally, seats in gates with View Smart Windows were 15 degrees cooler than in gates with traditional windows, leading to a more comfortable passenger environment.
“Airports are adopting View Smart Windows at an accelerating pace as they seek to elevate the passenger experience and also reduce their carbon footprint,” said Rahul Bammi, Chief Business Officer of View, Inc. “Modern airport designs often feature multi-story glass facades; however, traditional glass can cause significant passenger discomfort through increased glare and heat. View Smart Windows solve this problem, enhancing people’s comfort and experience, while also improving the airport’s energy efficiency.”
View Smart Windows have been installed at several airports, including Boston Logan International Airport (BOS), Dallas Fort-Worth International Airport (DFW), San Francisco International Airport (SFO), New York LaGuardia Airport (LGA), Memphis International Airport (MEM), Charlotte Douglas International Airport (CLT), Phoenix Sky-Harbor International Airport (PHX), and Seattle-Tacoma International Airport (SEA).
About View
View is a technology company and the market leader in smart windows. View Smart Windows use artificial intelligence to automatically adjust in response to the sun and increase access to natural light, to improve people’s health and experience in buildings, while simultaneously reducing energy consumption to mitigate the effects of climate change. Every View installation also includes a smart building platform that consists of power, network, and communication infrastructure. For more information, please visit: www.view.com.
About the Chicago Department of Aviation
The Chicago Department of Aviation (CDA) administers all aspects of Chicago's two major airports: O'Hare and Midway International Airports. In addition to managing world class airports in Chicago, the CDA is one of the regional leaders in business, employment and sustainability. The CDA has made a commitment to the Chicago area community to be a steward to residents, visitors and the environment.
For Investors:
Samuel Meehan
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408-493-1358
View Media:
Michael Kellner
Treble
415-425-4773
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Acquisition represents significant expansion opportunity for DGT into Connecticut
BOSTON--(BUSINESS WIRE)--DGT Associates, New England’s premier surveying and engineering firm, today announced the acquisition of Mattern & Stefon Land Surveyors. This expansion allows DGT to continue serving Mattern’s clients in southeast Connecticut, while also offering new services to these clients and other organizations throughout the state.
DGT’s acquisition of Mattern represents the firm’s fourth office and first location outside of Massachusetts. Susan F. Mattern, PLS, the firm’s co-founder and chief surveyor, joins DGT with a highly qualified and experienced team of field surveyors and drafters who will continue to operate in the state of Connecticut and now also extend its reach into Rhode Island and Central Massachusetts.
“We are honored to welcome Susan and the Mattern team to DGT and are excited to extend our roots into Connecticut,” said DGT Co-founder & Principal Michael A. Clifford, PLS. “Mattern has a deeply respected reputation for precision and detail, and we’re proud to continue the firm’s legacy, now under the DGT brand.”
As immediate past President of the Connecticut Association of Land Surveyors (CALS), Mattern brings decades of survey expertise and leadership. In 2016, she received the CALS Surveyor of the Year award, and her team has often earned the Plan of the Year award for their well-drawn, highly detailed plans. The firm’s clients include municipalities, attorneys, engineers, architects, developers, private landowners, casinos, energy companies, and general contractors in the state.
“We selected DGT because of their technology-first, accuracy-obsessed approach to surveying and engineering, and because of their 125-year history in New England,” said Susan F. Mattern, PLS. “Our team is elated to join forces with DGT and provide our clients with a greater depth of services as part of the DGT family.”
With the acquisition of Mattern, facilitated by Allen Business Advisors, DGT is now able to offer its suite of services, including 3D laser scanning services (existing conditions and façade mapping) and subsurface utility mapping services (utility location and mapping to ASCE 38-02 standards, GPR and remote-sensing, CAD and BIM-ready plans), to existing and new clients in Connecticut, Rhode Island and Central Massachusetts.
Headquartered Boston’s in Seaport District, DGT has offices in Worcester, Framingham, and now Preston, Connecticut. To learn more about DGT Associates or the Mattern transition, please contact DGT’s Regional Survey Manager John Lloyd at This email address is being protected from spambots. You need JavaScript enabled to view it. or 508-762-9470, or contact Susan Mattern at This email address is being protected from spambots. You need JavaScript enabled to view it. or 860-889-1999.
About DGT Associates
DGT Associates is New England’s premier surveying and engineering firm, with offices in Boston, Framingham, Worcester, and Preston, Connecticut. Guided by a 125-year heritage of legacy firms, DGT is committed to a tech-forward, no-corners-cut approach to its core services — surveying, engineering, and subsurface utility mapping. DGT’s experienced teams of surveyors, GIS professionals, utility mapping specialists, wetlands experts and civil engineers utilize the latest technology to deliver valued, meaningful results. The firm’s clients span a cross-section of community stakeholders across New England and the United States, from developers and construction managers to municipalities and energy companies. Learn more at www.dgtassociates.com
Kerrianne Sullivan
(781) 444-5478
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Solar-powered home batteries in New York City homes will help strengthen grid reliability and defer construction of new energy infrastructure
LOS ANGELES--(BUSINESS WIRE)--Energy and smart grid solutions provider Swell Energy (Swell) today announced the start of a residential solar plus storage program for homeowners in Queens, New York. The program will be deployed in partnership with Con Edison, the energy company that serves New York City, and aims to deliver solar-powered home batteries to eligible customers creating an aggregated network of distributed energy resources.
New York State is targeting 3,000 megawatts (MW) of installed energy storage capacity by 2030 and a zero-emissions electricity sector by 2040. Con Edison’s Non-Wires Solutions procurement efforts, which include the Swell program, are in support of these State targets. The program will help reduce demand and relieve stress on the electric grid during peak demand periods without additional energy infrastructure construction and upgrades. As several hundred households in a condensed service area require less power during peak periods due to Swell’s solar plus storage installations, Con Edison can strengthen reliability for all customers.
Participating homeowners will have the opportunity to earn incentives that lower the cost of clean, reliable solar plus storage systems. Residents of Forest Park, Glendale, Hunters Point, Long Island City, Maspeth, Middle Village, Ridgewood, Sunnyside, and parts of adjacent neighborhoods in Queens can now reserve their spot in the program.
“Swell Energy’s smart grid solutions are designed to simultaneously meet the needs of utilities and customers through the aggregation of solar-powered home batteries. This is a unique opportunity to collaborate with Con Edison to make our vision of Swell’s NYC Virtual Power Plant a reality for New Yorkers,” said Suleman Khan, CEO of Swell Energy.
Con Edison customers who may be eligible to participate can learn more and reserve a spot in the program by visiting www.swellenergy.com/Queens.
About Swell Energy, Inc.
Swell Energy is creating a greater grid for the greater good. The energy management and smart grid solutions provider is accelerating the mass adoption of distributed clean energy technologies by making it easy for consumers to take control of their energy use, achieve energy security and save costs. The company provides homeowners and businesses with financing and educational resources and partners with trusted local solar and solar+storage companies for seamless, high-quality product installations. By creating a critical mass of dynamic and responsive clean energy resources within utility service areas across the United States, Swell Energy is also delivering resilient virtual power plant networks and grid-balancing services to utilities, which are fundamental to our future, carbon-free, distributed renewable energy system. Learn more at www.swellenergy.com.
Camille Cater
Antenna Group for Swell Energy
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551-225-1478
OMAHA, Neb.--(BUSINESS WIRE)--Valmont Industries, Inc. (NYSE: VMI), a leading global provider of engineered products and services for infrastructure development and irrigation equipment and services for agriculture, today released its Valmont 2021 Sustainability Report. This month, Valmont celebrates its 75th anniversary as a company and recommits to what has been a lifelong dedication to sustainability. The Company’s tagline of Conserving Resources. Improving Life® is at the core of everything Valmont does: from supporting the development of resilient infrastructure and increasing the sustainability of water for agriculture, Valmont is continuously innovating to minimize their environmental impact with an unwavering commitment to caring for the planet.
“Last year, we made a promise to elevate our ESG communication, sharing our commitments and accomplishments with all stakeholders, and I’m proud to say that we have done so,” said Stephen G. Kaniewski, President and Chief Executive Officer, “Our vision is to be the leading provider for sustainable infrastructure and agriculture solutions in the markets we serve.”
Highlights of the Sustainability Report include:
“We are excited to highlight our commitments throughout the organization along with our plans to conserve resources and improve life in 2021 and the years beyond,” said Kaniewski.
Valmont Sustainability Webpage
About Valmont Industries, Inc.
Valmont is a global leader, designing and manufacturing engineered products and services that support global infrastructure development and agricultural productivity. Its products for infrastructure serve highway, transportation, wireless communication, electric transmission, and industrial construction and energy markets. Its irrigation equipment and services for large-scale agriculture improve farm productivity while conserving fresh water resources. In addition, Valmont provides coatings services that protect against corrosion and improve the service life of steel and other metal products. For more information, visit valmont.com.
Concerning Forward-Looking Statements
This release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on assumptions that management has made in light of experience in the industries in which Valmont operates, as well as management’s perceptions of historical trends, current conditions, expected future developments and other factors believed to be appropriate under the circumstances. As you read and consider this release, you should understand that these statements are not guarantees of performance or results. They involve risks, uncertainties (some of which are beyond Valmont’s control) and assumptions. Although management believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect Valmont’s actual financial results and cause them to differ materially from those anticipated in the forward-looking statements. These factors include among other things, the continuing and developing effects of COVID-19 including the effects of the outbreak on the general economy and the specific economic effects on the Company’s business and that of its customers and suppliers, risk factors described from time to time in Valmont’s reports to the Securities and Exchange Commission, as well as future economic and market circumstances, industry conditions, company performance and financial results, operating efficiencies, availability and price of raw material, availability and market acceptance of new products, product pricing, domestic and international competitive environments, and actions and policy changes of domestic and foreign governments. The Company cautions that any forward-looking statement included in this press release is made as of the date of this press release and the Company does not undertake to update any forward-looking statement.
Renee Campbell
+1 402.963.1057
Joint venture to be positioned to meet the needs of the marine sector for the safe and efficient delivery of hydrogen onboard for mid-size power applications, resulting in a significant and cost-effective reduction in CO2 emissions when using standard methanol vs. gasoil, fully carbon-neutral when using renewable methanol, and can be modified to run on ammonia if desired
BEND, Ore.--(BUSINESS WIRE)--Element 1 Corp. (“e1,” or the “Company”), a leading developer of hydrogen generation technology today announced that it has signed a Letter of Intent (“LOI”) with Ardmore Shipping Corporation (“Ardmore,” or “ASC”) and Maritime Partners, LLC (“MP”) whereby Ardmore will make a strategic investment in e1, and together with Ardmore and MP, will establish a joint venture for the purpose of delivering e1’s unique methanol-to-hydrogen technology to the marine sector.
Ardmore owns and operates a fleet of MR product and chemical tankers ranging from 25,000 to 50,000 deadweight tons. Ardmore provides seaborne transportation of petroleum products and chemicals worldwide to oil majors, national oil companies, oil and chemical traders, and chemical companies with its modern, fuel-efficient fleet of mid-size tankers.
Maritime Partners, LLC, headquartered in New Orleans, Louisiana, is a leading provider of flexible financing solutions and newbuilding support to the maritime industry, with a focus on Jones Act vessels and inland marine transportation.
The transactions entail the following:
The transactions are expected to close simultaneously early in the second quarter of 2021.
Anthony Gurnee, Ardmore's Chief Executive Officer, commented on the announcement:
“We are very pleased to establish a strategic relationship with e1 and Maritime Partners to deliver this unique hydrogen delivery system to the marine sector. The establishment of e1 Marine and our investment in e1 advance our Energy Transition Plan, which includes a focus on transition technologies aimed at reducing carbon emissions in the shipping industry and utilizing Ardmore’s engineering and marketing capabilities to accelerate their deployment.
We are excited about the market opportunity for e1’s methanol-to-hydrogen technology. We believe it is safer and cheaper than other alternatives for onboard hydrogen delivery and, when using standard methanol, is operationally cost competitive with diesel engines even today, while emitting zero particulates, zero NOx, zero SOx, and 30-50% less carbon than a diesel engine of the same power rating. The e1 system is carbon-neutral when run on renewable methanol, should prove to be very cost competitive with other alternatives, and if desired, can be built or retrofitted to run on ammonia.
We are also very pleased to commence a close working relationship with Maritime Partners as a preferred equity holder and joint venture partner. Their investment will serve to strengthen Ardmore financially and to facilitate accretive growth, and we believe that e1 Marine will benefit significantly from Maritime Partners’ expertise and leading position in the inland marine market.”
Dr. Dave Edlund, Co-Founder and CEO of Element 1 Corp., commented on the announcement:
“Element 1 is delighted to ally with Ardmore and Maritime Partners to deliver commercial solutions for the marine sector that will significantly reduce the carbon intensity as well as other harmful emissions (particulate matter, NOx, and SOx) traditionally associated with burning fossil fuels. This strategic relationship is the direct result of our partners’ vision as well as their commitment to environmental responsibility.
Whereas fuel cell technology has matured substantially over recent decades, the supply of hydrogen as feedstock to fuel cells has lagged considerably, resulting in significant logistic and economic challenges to the wide-scale deployment of fuel cells. e1’s methanol-to-hydrogen technology offers a broad solution to this challenge. Importantly, Ardmore and Maritime Partners provide unique access to existing markets in international shipping and inland waterways.”
Mr. Bick Brooks, Co-Founder and CEO of Maritime Partners LLC, commented on the announcement:
“We are pleased to partner with e1 and Ardmore to drive the adoption of e1’s hydrogen purification technology across the global maritime landscape. We are particularly excited about the applications for this technology within the inland marine industry, as it offers the potential to materially lower carbon emissions in the near-term and provides a clear path to achieving a zero-carbon footprint. Importantly, we believe this technology is currently cost competitive with diesel internal combustion engines.
Ardmore has an excellent track record of financial discipline. Accordingly, we look forward to aligning with Ardmore beyond the joint venture and to supporting Ardmore’s accretive growth ambitions through our preferred equity investment.”
Mr. Bryan Reid, Chief Sales Officer of RIX Industries, commented on the announcement:
“RIX is a licensed manufacturer of Element 1’s M-series hydrogen generation technology and is excited to support e1 Marine in this new venture.”
Armistead Street LLC played a pivotal role in the formation of e1 Marine by providing consulting services to the respective parties throughout the process. Armistead is a US based strategic consulting firm, led by Michael Webber, focusing on renewables, energy, and industrial sectors, with offices in New York and Houston.
The JV and investment in e1 will be held by Ardmore Ventures (“AV”), a newly incorporated holding company for investments related to Ardmore’s Energy Transition Plan.
Element 1 Corp. (Bend, Oregon):
Element 1 designs and develops advanced hydrogen generation systems used to power fuel cells with broad use in mobile applications and remote locations such as marine, trucking, off-road vehicles, rail, warehousing, and backup power supply sectors. e1’s proprietary technology produces hydrogen on demand at the point of consumption, eliminating the logistical challenges and costs inherent in distributing compressed hydrogen. For more information about Element 1, please visit www.e1na.com.
Media Contact:
Robert Schluter
President
Element 1 Corp
Phone: 541.678.5943
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e1 Investor Relations Contact:
Greg Haugen
CFO
Element 1 Corp
Phone: 541.639.1711
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Pandemic Drives Demand for Virtual, Remote Industrial Collaboration Services in Key Industry Segments, including Energy, Manufacturing, Food & Beverage, Automotive and Telecommunications
VANCOUVER, Wash. & DUBAI, United Arab Emirates--(BUSINESS WIRE)--The global leader in hands-free wearable computing for industry, RealWear, today announced that strong customer demand has accelerated its number one position, reporting triple (3X) year-over-year growth. The company also announced a broad global expansion to support customers, including opening a new Customer Experience Centre in Dubai Internet City to meet growing demand for its products and services in the Middle East, and new offices in other major markets. The company has also achieved a milestone of shipping wearable devices to more than 3,000 unique enterprise customers worldwide in a wide range of industries.
The pandemic meant engineers were no longer able to travel to factories and facilities to support onsite technicians in person, RealWear quickly became the wearable device of choice for virtual, remote collaboration for troubleshooting equipment and performing quality checks, audits, inspections, plant tours, and product and factory acceptance tests (FAT). Leading collaboration companies -- including Microsoft, Cisco, and Zoom -- have custom-tailored their software to fully leverage RealWear’s assisted reality wearable solution that is the choice of frontline workers at some of the world’s prominent industrial brands.
Customer Demand Drives Growth
RealWear has successfully scaled its business globally to meet this customer demand, including:
“RealWear’s momentum is real and accelerating, with encouraging feedback from our customers about the transformative nature of our remote collaboration offerings for industry,” said Andrew Chrostowski, RealWear Chairman and CEO. “As a result, we’ve seen 3X our 2019 sales in 2020, with that momentum carrying into 2021. Our customers view us as the ‘gold standard’ solution to meet the daily needs of frontline workers and their management teams in key industry sectors such as Energy, Manufacturing, Food and Beverage, Automotive and Telecommunications. RealWear’s unique, fully ruggedized form factor, full-shift battery life, and unmatched relationships with Microsoft, Cisco, Zoom and a host of other leading ISV partners is driving our market leadership.”
Customer Wins Highlight Growth Momentum
Recent, highly visible customer wins in EMEA include deployments at Dutch multinational Fugro; professional services firm Marsh and McLennan; KPMG for remote audits, led by AMA; as well as with international consultancy and construction firm Mace, which was recently announced deploying Microsoft Teams on RealWear devices for façade quality checks.
According to ABI Research, from 2020-2025 smart glasses hardware unit shipments in the industrial and healthcare sectors is expected to grow globally by a factor of 12.8. Additionally, between 2020-2025, unit shipments to the top three verticals, representing key segments for RealWear -- manufacturing, logistics, and energy & utilities - are projected to grow by a factor of 10.8.
New Demonstration Center in Dubai
RealWear has opened its initial physical presence in the Middle East including an onsite demonstration facility in Dubai’s Internet City, which will provide customers and partners in the region the opportunity to get ‘hands on’ with RealWear’s flagship head-mounted wearable, the HMT-1. This initial physical presence is timely, not only to meet increased customer demand, but also as Middle East businesses adapted to new ways of working to drive worker safety and productivity.
RealWear already has a thriving business in the Gulf Cooperation Council (GCC), with diverse customers spanning aerospace, insurance and oil and gas. Its growing list of clients in the region includes Marsh, and Saudi Arabian public petroleum and natural gas company, Saudi Aramco. When Saudi Aramco began using RealWear’s intrinsically safe product, HMT-1Z1, it recorded a 70% increase in safety compliance on top of a 10% improvement in workforce productivity.
Customers can arrange a live demonstration of the remote collaboration experience by emailing This email address is being protected from spambots. You need JavaScript enabled to view it., or by contacting their local RealWare offices or partner.
About RealWear
RealWear® is a knowledge transfer platform company providing in-situ information and in-the-field training with software and hardware to help people improve safety and increase productivity at work. The company’s flagship system, the HMT-1®, is the best ruggedized head-mounted, wearable, Android-class tablet computer that frees a worker’s hands for dangerous jobs. With an ever-growing number of hands-free enterprise-ready software apps and integrations, enterprise customers gain instant knowledge for faster troubleshooting and communication and inspection with remote mentor, visual assist, document navigation, industrial IoT visualization and digital workflow solutions. Companies operating global businesses in diverse industries such as energy, manufacturing and automotive including Shell, Colgate-Palmolive, Mars, Honeywell, and BMW, trust RealWear’s products, to empower and connect their global workforce.
For more information, visit www.realwear.com.
Aaron Cohen
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415-819-7791
13 MW DC project to generate local electricity and lower energy costs for Karnes County residents
OAKLAND, Calif.--(BUSINESS WIRE)--Adapture Renewables Inc. announced today the completion of Catan Solar, a 13 megawatt (MW) DC solar project in Runge, Texas. Adapture Renewables Inc. successfully brought the project to commercial operation in December 2020 and sells the electricity in the Electric Reliability Council of Texas (ERCOT) market. This is the first solar project in Karnes County, Texas, one of the top oil-producing counties in the state.
Adapture Renewables financed the construction of the project with in-house capital and will own and operate the project for the long-term. The Catan project demonstrates the company’s ability to leverage its proven track record, deep domain expertise and comprehensive in-house development, EPC management, legal and project finance services to efficiently and effectively drive solar projects to long-term operation.
“The Catan Solar project presented an exciting opportunity for our team,” said David FitzGerald, Director of Project Management at Adapture Renewables. “Being our first project in Texas, our team learned and adapted quickly to the local nuances and procedures in the region and built lasting relationships with local partners to complete the project on time and on budget, while adhering to COVID-19 pandemic best practices. We look forward to leveraging these skills and partnerships for future projects in the area.”
In addition to supplying locally-generated renewable energy for the community, the Catan solar project will generate long-term revenue for the local economy and help reduce energy costs for Karnes County residents.
Texas is expected to see the largest growth of solar energy of any U.S. state this year, accounting for 28 percent of new planned solar capacity, according to a recent report from the U.S. Energy Information Administration. With this project, Adapture Renewables increases its portfolio of solar energy generating assets in Texas to 95 MW DC, and 239 MW DC in total across the country.
About Adapture Renewables, Inc.
Adapture Renewables, Inc. is a solar project developer (and M&A shop), owner and operator. The company leverages its proven track record, deep domain expertise and comprehensive in-house development, EPC management, legal and project finance services to efficiently and effectively drive solar projects from origination to long-term operation. Majority-owned by KIRKBI – the private holding and investment company of the Kirk Kristiansen family founded to build a sustainable future for the LEGO® brand through generations – Adapture Renewables, Inc. has the financial footing necessary to take a diligent and thoughtful approach to solar project development and is invested in its projects’ long-term success. The company’s culture of creative problem-solving and shared mission to accelerate the global transition to clean energy contribute to the company’s success deploying, owning and operating solar assets across ten states in the US. Adapture Renewables, Inc. is based in Oakland, CA. For more information about Adapture Renewables, Inc., visit https://adapturerenewables.com/.
Camille Cater
Adapture Renewables, Inc.
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IRVING, Texas--(BUSINESS WIRE)--ExxonMobil today filed its definitive proxy statement and a letter to shareholders, urging them to vote using the BLUE CARD to support the company’s 12 director nominees at its 2021 annual meeting of shareholders on May 26.
“Our directors have experience leading some of the world’s largest, most complex and successful companies and bring to the board a wide range of backgrounds, knowledge and skills relevant to ExxonMobil’s business and future success,” said Darren Woods, chairman and chief executive officer.
“Over the past several years, the board has added directors with deep expertise in climate change, financial markets, capital allocation, energy transition, and environmental, social and governance practices. New directors also have significant experience helping companies navigate complex transitions while building value for shareholders.”
ExxonMobil’s board of directors oversees the business plans, which through 2025 are expected to increase earnings and cash flow to fund and grow the dividend, pay down debt and invest in future projects. The plan, which is flexible to market conditions and benefits from ongoing cost-reduction efforts, positions ExxonMobil to emerge from the pandemic with improved financial performance and win in a lower-carbon energy future.
“We are investing in commercially attractive low-carbon technologies, which will be an integral part of our long-term strategy,” said Woods. “We ask our shareholders to support our strong and diverse board to continue the disciplined focus on executing this plan that sustains the dividend and leverages our expertise and competitive advantages.”
ExxonMobil’s board has added seven independent, highly-qualified directors since 2016, including three directors this year. The company’s director nominees have an average tenure of approximately five years, compared to an average of nearly eight years for the boards of S&P 500 companies. Eleven of the board’s 12 director nominees are independent.
ExxonMobil also sent a letter to shareholders, urging their support for the company’s highly qualified directors. Shareholders can learn more about the company’s plans, sign up for emailed updates and get help with voting at the annual meeting by visiting xomdrivingvalue.com.
About ExxonMobil
ExxonMobil, one of the largest publicly traded international energy companies, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world. To learn more, visit exxonmobil.com and the Energy Factor.
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Cautionary Statement
Statements of future events, goals plans, emission reductions, technology progress or market sizes in this release are forward-looking statements. Actual future results and opportunities could vary depending on changes in supply and demand and other market factors affecting future prices of oil, gas, and petrochemical products; changes in the relative energy mix across activities and geographies; changes in international, regional, national and local policy to support lower-carbon technologies; changes in regional and global economic growth rates and consumer preferences; the pace of regional and global recovery from the COVID-19 pandemic and actions taken by governments and consumers resulting from the pandemic; the ability to bring new technologies to commercial scale on a cost-competitive basis; and other factors discussed in this release and in Item 1A. “Risk Factors” in ExxonMobil’s Annual Report on Form 10-K for 2020, as well as under the heading “Factors Affecting Future Results” on the Investors page of ExxonMobil’s website at www.exxonmobil.com.
Forward-looking statements contained in this release regarding the potential future market sizes are not forecasts of actual market sizes. These figures are provided to help quantify the potential of new industries consistent with the stated government goals. Actual future market sizes will depend on future policy decisions, technological developments and consumer preferences. The term “project” as used in this release can refer to a variety of different activities and does not necessarily have the same meaning as in any government payment transparency reports.
Important Additional Information Regarding Proxy Solicitation
Exxon Mobil Corporation (“ExxonMobil”) has filed a preliminary proxy statement and form of associated BLUE proxy card with the U.S. Securities and Exchange Commission (the “SEC”) in connection with the solicitation of proxies for ExxonMobil’s 2021 Annual Meeting (the “Preliminary Proxy Statement”). ExxonMobil, its directors and certain of its executive officers will be participants in the solicitation of proxies from shareholders in respect of the 2021 Annual Meeting. Information regarding the names of ExxonMobil’s directors and executive officers and their respective interests in ExxonMobil by security holdings or otherwise is set forth in the Preliminary Proxy Statement. To the extent holdings of such participants in ExxonMobil’s securities are not reported, or have changed since the amounts described, in the Preliminary Proxy Statement, such changes have been reflected on Initial Statements of Beneficial Ownership on Form 3 or Statements of Change in Ownership on Form 4 filed with the SEC. Details concerning the nominees of ExxonMobil’s Board of Directors for election at the 2021 Annual Meeting are included in the Preliminary Proxy Statement. BEFORE MAKING ANY VOTING DECISION, INVESTORS AND SHAREHOLDERS OF THE COMPANY ARE URGED TO READ ALL RELEVANT DOCUMENTS FILED WITH OR FURNISHED TO THE SEC, INCLUDING THE COMPANY’S DEFINITIVE PROXY STATEMENT AND ANY SUPPLEMENTS THERETO AND ACCOMPANYING BLUE PROXY CARD WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and shareholders will be able to obtain a copy of the definitive proxy statement and other relevant documents filed by ExxonMobil free of charge from the SEC’s website, www.sec.gov. ExxonMobil’s shareholders will also be able to obtain, without charge, a copy of the definitive proxy statement and other relevant filed documents by directing a request by mail to ExxonMobil Shareholder Services at 5959 Las Colinas Boulevard, Irving, Texas, 75039-2298 or at This email address is being protected from spambots. You need JavaScript enabled to view it. or from the investor relations section of ExxonMobil’s website, www.exxonmobil.com/investor.
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Longevity Partners, the world’s fastest-growing ESG advisory firm, taps Welton to continue its rapid expansion across the US as asset managers increasingly become more responsible, carbon-neutral, and resilient in 2021
NEW YORK--(BUSINESS WIRE)--Longevity Partners, the leading service provider for energy and sustainability advice across the world’s largest property funds, just announced the hiring of Sarah Welton as US Business Growth Director for the East Coast. This comes on the heels of Longevity’s official foray into the North American market with the opening of its US headquarters in Austin, Texas earlier this year. Longevity Partners is the first European responsible real estate advisory firm to open offices in the United States as the firm continues its global expansion with the support of new hires like Ms. Welton. The company manages more than $120bn in ESG programs, operating in 38 countries for more than 100 institutional investors across all asset classes.
“2021 is a pivotal year with regards to American climate policy. US business will need a combination of creative, innovative, and established expertise to deliver net-zero carbon goals. Temperatures around the globe are rising faster than scientists initially anticipated. Longevity provides businesses with tangible solutions to integrate climate risk mitigation measures within their operations,” says Etienne Cadestin, Founder and CEO of Longevity Partners. “The systemic transition task ahead is pharaonic and I couldn’t think of a better leader than Sarah to head our business growth activities and support our partners with the delivery of their climate plans in the US and beyond.”
With her deep-rooted background in real estate finance, public health, and urban planning, Ms. Welton will expand Longevity’s presence on the East Coast. Ms. Welton’s role will involve developing long-lasting relationships with new clients while liaising with existing ones, many of whom have European counterparts that have successfully utilized the firm’s services to future-proof property investment portfolios. Ms. Welton will serve as a company ambassador to continue the mission of educating prospective clients on the transition to net-zero carbon and social sustainability.
Prior to joining the company, Ms. Welton spent seven years at the International WELL Building Institute (IWBI), where she transformed the built environment by helping create better and more valuable spaces for people and the environment, in addition to supporting the launch of IWBI's Investing for Health initiative, which aims to elevate health and well-being within the ESG landscape.
Ms. Welton earned a dual master’s degree in Public Health and Urban Planning from Columbia University’s Mailman School of Public Health and the School of Architecture, Planning, and Preservation. She earned her bachelor’s degree in Finance from the University of Georgia’s Terry School of Business.
"There is an undeniable urgency for real estate - particularly real estate across the United States - to step up as a leader in the fight against climate change and social inequity,” says Welton. “I am excited for this opportunity to join such a talented, experienced, and passionate team and to grow Longevity Partners' business in the US."
The mission of Longevity comes at a crucial time in 2021 when new carbon reduction targets and stakeholder demands are requiring investors and property managers to consider responsible solutions for new and existing assets. There is growing understanding from the investment community on the financial imperative to minimize reputational and environmental risk and maximize long-term value creation by delivering carbon neutral and resilient assets.
The North American subsidiary, 100% owned by Longevity Partners Limited, is managed by the group Founder and CEO Etienne Cadestin. Satellite offices in San Francisco and New York have also just opened in 2021 adding to the company’s existing European networks in London, Paris, Munich, and Amsterdam.
To learn more about how Longevity can guide your company on the path to net-zero carbon, visit: http://longevity-partners.com/.
About Longevity Partners
Founded in 2015, Longevity Partners works to make the built environment more responsible, carbon-neutral, and resilient. Longevity Partners provides first-class energy and sustainability advice to the biggest names in the sector, operating across the entire commercial & residential property industry in 38 countries. It believes in long-term partnerships to drive the transition to a low carbon economy through the implementation of innovative tactics.
Victoria Shannon
August PR
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631.525.3394
Companies on the 2021 Inc. 5000 Regionals: D.C. Metro list employed more than 120,000 people
RESTON, Va.--(BUSINESS WIRE)--#energy--Inc. magazine announced today that GridPoint is No. 140 on its annual Inc. 5000 Regionals: D.C. Metro list, the most prestigious ranking of the fastest-growing Washington, D.C., area-based private companies. Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the D.C. area economy’s most dynamic segment—its independent small businesses.
GridPoint’s mission is to accelerate the world’s transition to a sustainable energy future by creating a network of grid-interactive buildings. Through transforming the way commercial businesses use energy, GridPoint unlocks the decarbonization, sustainability, and grid resiliency required for a cleaner, more efficient tomorrow. The technology harnesses power and potential within a building to deliver energy, operational, and resiliency benefits at the building level. Networked together, these buildings provide reliable, precise, and instantaneous capacity for utilities and grid operators.
“Today is a very proud day for the GridPoint team,” says GridPoint CEO, Mark Danzenbaker. “There are many factors advancing energy into the spotlight and businesses are more conscious than ever about their carbon footprint. This recognition validates our hard work to break down barriers of technology adoption and expedite growth in order to better help customers reduce their energy consumption, embrace sustainability, and become a part of the clean energy transition.”
The companies on this list show stunning rates of growth across all industries in the Washington, D.C., region. Between 2017 and 2019, these 250 private companies had an average growth rate of 211 percent and, in 2019 alone, they employed more than 120,000 people and added nearly $15 billion to the D.C. area economy. Companies based in major metro areas—Baltimore, Maryland, the Washington, D.C. area, and Richmond, Virginia—brought in the highest revenue overall.
Complete results of the Inc. 5000 Regionals: D.C. Metro, including company profiles and an interactive database that can be sorted by industry, metro area, and other criteria, can be found at https://www.inc.com/inc5000/regionals/washington-dc starting March 16, 2021.
“This list proves the power of companies in the Washington, D.C. area no matter the industry,” says Inc. editor in chief Scott Omelianuk. “The impressive revenues and growth rates prove the insight and diligence of CEOs and that these businesses are here to stay.”
About GridPoint
GridPoint’s mission is to accelerate the world’s transition to a sustainable energy future by creating a network of grid-interactive buildings. Through transforming the way commercial businesses use energy, GridPoint unlocks the decarbonization, sustainability, and grid resiliency required for a cleaner, more efficient tomorrow. The technology harnesses power and potential within a building to deliver energy, operational, and resiliency benefits at the building level. Networked together, these buildings provide reliable, precise, and instantaneous capacity for utilities and grid operators. Powered by the best data, GridPoint’s network spans across 15,000 locations including Fortune 500 enterprises, utilities, government organizations, industrial complexes and more.
More about Inc. and the Inc. 5000 Regionals
Methodology
The 2021 Inc. 5000 Regionals are ranked according to percentage revenue growth when comparing 2017 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2017. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2017 is $100,000; the minimum for 2019 is $1 million. As always, Inc. reserves the right to decline applicants for subjective reasons.
About Inc. Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com
Media Contact:
Katie O’Shea, Marketing Manager
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(703) 667-7051
NAVIGATOR LAUNCHES A NON-BINDING OPEN SEASON TO SOLICIT INTEREST IN FIRM CAPACITY
SAN ANTONIO--(BUSINESS WIRE)--Valero Energy Corporation (NYSE: VLO, “Valero”) and BlackRock Global Energy & Power Infrastructure Fund III announced today that they are partnering with Navigator Energy Services (“Navigator”) to develop an industrial scale carbon capture pipeline system (“CCS”). The initial phase is expected to span more than 1,200 miles of new carbon dioxide gathering and transportation pipelines across five Midwest states with the capability of permanently storing up to 5 million metric tonnes of carbon dioxide per year. Pending third party customer feedback, the system could be expanded to transport and sequester up to 8 million metric tonnes of carbon dioxide per year. Valero, the largest renewable fuels producer in North America, is expected to become an anchor shipper by securing a majority of the initial available system capacity. Navigator is expected to lead the construction and operations of the system and anticipates operations to begin late 2024. In the coming months, Navigator will seek additional commitments to utilize the remaining capacity via a binding open season process.
The CCS project seeks to provide biorefineries and other industrial participants a long-term, economic path to materially reduce their carbon footprint while maximizing the value of their end-product in a cost-effective manner that is safe for the environment.
“This project demonstrates our leadership in energy transition through innovation in renewables,” said Joe Gorder, Valero Chairman and Chief Executive Officer. “We continue to expand our long-term competitive advantage with investments to produce lower carbon fuels.”
“We are very excited to partner with Valero and Navigator in the development of this project,” said Mark Florian, Head of BlackRock’s Global Energy & Power Infrastructure team, which invests in essential, long-term infrastructure investments in the energy and power sector and sits within BlackRock Real Assets. “Carbon capture infrastructure is a key part of reducing global carbon dioxide emissions, and we look forward to executing this important project with high-quality industry partners and creating a strong investment for our funds.”
“Now is the time for industry-leading market participants to join forces to complete an environmentally focused midstream project of this size and scale. Harnessing our collective resources and strengths will create a unique infrastructure project that changes the way carbon emissions are managed,” said Matt Vining, Navigator’s Chief Executive Officer.
Proposed System Details
Navigator will work with each counterparty to install or connect the applicable carbon capture equipment to the pipeline at various receipt points in Nebraska, Iowa, South Dakota, Minnesota, and Illinois. The proposed system plans to transport liquefied carbon dioxide through the pipeline, ranging from 6” to 16” in diameter, for delivery into a central sequestration facility contemplated to be in south-central Illinois. The system is expected to have the ability to expand materially if driven by demand.
Open Season
Prior to participating in the non-binding open season, interested parties must execute a confidentiality agreement to govern the receipt of the open season documentation. All potential shippers must submit non-binding information by 12:00 p.m. Central Time on April 30, 2021 as an expression of interest to continue in the binding process. The Notice of Open Season is available on the Project’s website at www.navigatorco2.com. More information about the open season is also available by contacting Navigator’s Chief Commercial Officer, Laura McGlothlin, at (214) 880-6003 or This email address is being protected from spambots. You need JavaScript enabled to view it..
About Valero
Valero Energy Corporation, through its subsidiaries (collectively, “Valero”), is an international manufacturer and marketer of transportation fuels and petrochemical products. Valero is a Fortune 50 company based in San Antonio, Texas, and it operates 15 petroleum refineries with a combined throughput capacity of approximately 3.2 million barrels per day and 13 ethanol plants with a combined production capacity of approximately 1.69 billion gallons per year. The petroleum refineries are located in the United States (“U.S.”), Canada and the United Kingdom (“U.K.”), and the ethanol plants are located in the Mid-Continent region of the U.S. Valero is also a joint venture partner in Diamond Green Diesel, which owns and operates a renewable diesel plant in Norco, Louisiana. Diamond Green Diesel is North America’s largest biomass-based diesel plant. Valero sells its products in the wholesale rack or bulk markets in the U.S., Canada, the U.K., Ireland and Latin America. Approximately 7,000 outlets carry Valero’s brand names. Please visit www.investorvalero.com for more information.
About BlackRock Real Assets
In today’s dynamic and complex global investing market, BlackRock Real Assets seeks to help clients access real assets that could help meet their investment goals by providing a distinct range of well defined, outcome orientated strategies, along the investment risk-return spectrum. BlackRock Real Assets’ dedicated teams of industry and sector specialists deliver global reach, with deep local expertise. They have decades of relevant experience, are deeply embedded in their operating industries by sector and geography and have developed strong partnership networks over time. BlackRock’s culture of risk management, knowledge sharing and investment discipline sets BlackRock Real Assets apart and underpins all that they do. With over 390 professionals in 30 offices managing over US$60 billion in client commitments as of December 31, 2020, BlackRock Real Assets partners with clients to provide solutions tailored to individual portfolio needs such as income, growth, liquid or balanced real assets outcomes.
About Navigator Energy Services
Headquartered in Dallas, Navigator Energy Services provides comprehensive midstream services including product gathering, transportation and storage. More information is available at www.nesmidstream.com.
Safe-Harbor Statement
Statements contained in this release that state Valero’s or management’s expectations or predictions of the future are forward-looking statements intended to be covered by the safe harbor provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934. The words “believe,” “expect,” “should,” “estimates,” “intend,” “target,” “will,” “plans,” “forecast,” and other similar expressions identify forward-looking statements. It is important to note that actual results could differ materially from those projected in such forward-looking statements based on numerous factors, including those outside of the company’s control, such as delays in construction timing and other factors. For more information concerning factors that could cause actual results to differ from those expressed or forecasted, see Valero’s annual reports on Form 10-K, quarterly reports on Form 10-Q, and other reports filed with the Securities and Exchange Commission and available on Valero’s website at www.valero.com.
Valero Contacts
Investors:
Homer Bhullar, Vice President – Investor Relations, 210-345-1982
Eric Herbort, Senior Manager – Investor Relations, 210-345-3331
Gautam Srivastava, Senior Manager – Investor Relations, 210-345-3992
Media:
Lillian Riojas, Executive Director – Media Relations and Communications, 210-345-5002
DUBLIN--(BUSINESS WIRE)--The "Offshore Pipelines - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Offshore Pipelines Market to Reach $17.8 Billion by 2027
Amid the COVID-19 crisis, the global market for Offshore Pipelines estimated at US$ 12.6 Billion in the year 2020, is projected to reach a revised size of US$ 17.8 Billion by 2027, growing at a CAGR of 5% over the analysis period 2020-2027.
Oil, one of the segments analyzed in the report, is projected to record a 3.7% CAGR and reach US$ 6.9 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 Refined Products segment is readjusted to a revised 6.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3.7 Billion, While China is Forecast to Grow at 4.8% CAGR
The Offshore Pipelines market in the U.S. is estimated at US$ 3.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$ 3.2 Billion by the year 2027 trailing a CAGR of 4.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.8% and 4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.
Gas Segment to Record 4.7% CAGR
In the global Gas segment, USA, Canada, Japan, China and Europe will drive the 4.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$ 2.6 Billion in the year 2020 will reach a projected size of US$ 3.6 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$ 2.1 Billion by the year 2027.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS (Total 34 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/19cwxj
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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New Three-year Contract Expands the Company’s Market Penetration in Texas
SANTA ANA, Calif.--(BUSINESS WIRE)--$ITI #IoT--Iteris, Inc. (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today announced that it has been awarded a three-year indefinite delivery/indefinite quantity (IDIQ) contract by the Texas Department of Transportation (TxDOT), with a potential value of up to $1.2 million, representing continued demand for Iteris’ specialized consulting services in a key geographic market.
The three-year program includes traffic signal timing improvements at key intersections throughout the Houston district, one of the country’s largest metropolitan areas, which houses over 1,000 signalized intersections.
“We are proud to be selected again by TxDOT to support important infrastructure projects in the state of Texas, one of the largest and most progressive transportation markets in the U.S.,” said Scott Carlson, regional vice president, Transportation Systems at Iteris. “Texas is a key strategic market for Iteris and, with this being the fourth TxDOT IDIQ awarded to Iteris in the past three years, we expect to further expand our share of specialized consulting, managed services and software-as-a-service revenue in the state.”
With this contract, which was awarded in December 2020, Iteris expands its current traffic engineering and smart mobility work to another TxDOT district, for a total potential TxDOT backlog of over $9.3 million from six IDIQ contracts awarded over the past five years.
In May 2019, Iteris was awarded an IDIQ contract from TxDOT for traffic signal timing, traffic signal operations and signal communication analysis in the Austin district. That contract was a three-year commitment with a potential value of up to $2 million.
In June 2020, Iteris was awarded a $1 million contract by the City of Round Rock to provide mobility intelligence solutions and video detection technology updates throughout the Texas city.
About Iteris, Inc.
Iteris is the global leader in smart mobility infrastructure management – the foundation for a new era of mobility. We apply cloud computing, artificial intelligence, advanced sensors, advisory services and managed services to achieve safe, efficient and sustainable mobility. Our end-to-end solutions monitor, visualize and optimize mobility infrastructure around the world to help ensure that roads are safe, travel is efficient, and communities thrive. Visit www.iteris.com for more information and join the conversation on Twitter, LinkedIn and Facebook.
Iteris Forward-Looking Statements
This release may contain forward-looking statements, which speak only as of the date hereof and are based upon our current expectations and the information available to us at this time. Words such as "believes," “feels,” “anticipates,” "expects," "intends," "plans," "seeks," "estimates," "may," “should,” "will," "can," and variations of these words or similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements about the success, impact, and benefits of the awarded contract. Such statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict, and actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors.
Important factors that may cause such a difference include, but are not limited to, our ability to successfully perform the services on a cost-effective basis; government funding and budgetary delays, constraints and issues; adverse impacts related to performance timing and cancellation of an awarded contract; adverse impacts of general economic, political, and other conditions in the markets we address; and the potential impact of product and service offerings from competitors. Further information on Iteris, Inc., including additional risk factors that may affect our forward-looking statements, is contained in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q, our Current Reports on Form 8-K, and our other SEC filings that are available through the SEC’s website (www.sec.gov).
Iteris Contact
David Sadeghi
Tel: (949) 270-9523
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Investor Relations
MKR Investor Relations, Inc.
Todd Kehrli
Tel: (213) 277-5550
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BERLIN--(BUSINESS WIRE)--The Berlin-based Greentech start-up Zolar receives a new investment and adds 10 million euro to the ongoing Series B funding round, raising the total investment of this series to 35 million euro. The new investment is lead by Energy Impact Partners, the biggest investor in the energy sector with offices in the USA and Europe headed by its managing partner Matthias Dill. Existing investors continue to support Zolar in the Series B. With the additional resources, the start-up sets the course for the expansion as a next generation green energy company, focusing on sustainable energy production and integral use of solar energy in private households. Zolar as a consumer brand, is placing customers at the center of energy production, and is driven by its mission of climate protection as a top business priority.
Energy provider of the future– The Next Generation Green Energy Company
The start-up defines five quality criteria, which represent the next generation of energy companies: decentralized renewable energy systems, green and affordable energy, customer centricity, significant reduction in customers’ carbon footprint, with an ultimate goal of carbon neutrality, as well as electrification and smart energy management. By installing a solar system on their own roof, customers are enabled to secure and allocate the main energy requirements of the household. Essential to this is the combination of electric mobility and solar energy, as well as the usage of self-generated power stored in residential batteries. The need for green and sustainably produced energy is also evident, due to rapidly increasing demands from customers. Zolar responds to this trend and offers homeowners an alternative to traditional energy companies, who continue to rely on fossil fuels.
“We find ourselves at the dawn of the solar age” explains Alex Melzer, CEO and co-founder of Zolar. “The solar sector proved to be very stable during the Covid-19 pandemic. In the past year, we have been able to grow our revenue significantly, and in 2021, we are targeting to triple installations across Germany. With the fresh 10 million, we are taking the company to the next level and The investment of Energy Impact Partners shows that investors recognise the relevance of regenerative energy. In doing so, they support us to grow quicker, accelerate revenue growth while at the same time having a positive impact on climate protection. Because ultimately what drives us all, is a livable future for all humans”, continued Melzer.
Private households become energy suppliers
In order for every household to become its own energy supplier, Zolar relies on technological platform solutions across the whole value chain. With full service digital concept, beginning with the Zolar Online Configurator, from a holistic customer journey to roof installation via the partner platform Zolar Project Center. The company intends to establish itself as a leading customer brand in the energy sector and is planning an expansion of the core business. In keeping with the requirement of an electrified household, the product portfolio will facilitate an integration of energy production, power storage and mobility.
“Zolar is one of the fastest growing energy start-ups in Germany”, added Matthias Dill, Managing Partner of Energy Impact Partners. “At Energy Impact Partners we closely monitor the transformation of the energy sector and with this investment we intend to provide ongoing support for Zolar’s goal – to become the energy provider of the future. The combination of technological state-of-the-art platforms, customer success and climate protection is a clear formula for success for us” continued Dill.
About Zolar
The Greentech start-up Zolar offers fixed-priced photovoltaic systems, which home owners can plan, compare and commission online, according to their needs. With the help of the in-house developed Zolar Online Configurator, homeowners have the possibility to adjust the components of their PV system according to their wishes, and along with this, receive an individual consultation from solar experts. Zolar’s wide network of local partner businesses carries out the installation on-site. The Berlin start-up employs around 150 employees across Germany and pursues the vision, to install solar panelling on every roof in the world, granting private households greater independence from energy supply systems. The gearing of energy production, energy storage and mobility enables the customer to design an electrified and smart household. As a next green energy company, Zolar empowers its customers to become energy suppliers within its own four walls, to neutralize their carbon footprint and to make an impact towards climate protection.
More information at: http://www.zolar.de
About Energy Impact Partners
Energy Impact Partners (EIP) is a global investment platform leading the transition to a sustainable energy future. EIP brings together entrepreneurs and the world's most forward-looking energy and industrial companies to advance innovation. With over $1.5 billion in assets under management, EIP invests globally across venture, growth, credit and infrastructure – and has a team of more than 45 professionals based in its offices in New York, San Francisco, Palm Beach, London, and Cologne.
For more information on EIP, please visit: www.energyimpactpartners.com
Press Contact
Lina Wölm
VP Marketing & Communications
Phone: +49 30 398 218 443
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Website: http://www.zolar.de
ENERMAX™ 6 carbon nanotubes maximize battery performance
BOSTON--(BUSINESS WIRE)--Cabot Corporation today announced the launch of a new ENERMAX™ 6 carbon nanotube (CNT) series. ENERMAX™ 6 carbon nanotube products are the company’s latest development in high-performance CNTs. With its high aspect ratio, it is proven to be the most conductive multi-walled CNT product in Cabot’s portfolio.
The ENERMAX™ 6 carbon nanotube series can effectively enhance battery performance at lower loadings enabling a higher energy density of battery.
Key benefits of the new ENERMAX™ 6 series include:
Cabot acquired Shenzhen Sanshun Nano New Materials Co., Ltd (SUSN) in January 2020 and extended its product offering to include carbon nanotubes. Cabot is the only high-performance carbon additive supplier with a complete commercially proven product portfolio including carbon blacks, graphenes, CNTs, carbon nanostructures (CNS) and dispersion and formulation capabilities.
Shen Yi, Vice President and General Manager of Energy Materials business, said, “The launch of the ENERMAX™ 6 carbon nanotube series marks Cabot's further advancement in the energy storage solutions and its commitment to developing and innovating products with a sustainability benefit.”
The Cabot Energy Materials business will showcase the new ENERMAX 6 carbon nanotube series at the 14th China International Battery Fair (CIBF) in Shenzhen, China on March 19 – 21, 2021.
For more information, please visit cabotcorp.com/batteries.
ABOUT CABOT CORPORATION
Cabot Corporation (NYSE: CBT) is a global specialty chemicals and performance materials company headquartered in Boston, Massachusetts. The company is a leading provider of carbon black, specialty carbons, activated carbon, elastomer composites, inkjet colorants, masterbatches and conductive compounds, fumed silica and aerogel. For more information on Cabot, please visit the company’s website at cabotcorp.com.
MEDIA
Vanessa Craigie, Corporate Communications
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Steve Delahunt, Investor Relations
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HOUSTON--(BUSINESS WIRE)--Newsco International Energy Services USA Inc., a leader in measurement while drilling (MWD) and directional drilling, was acquired by Sawafi, a global services and technology company offering drilling enhancement products, artificial lift systems and completion technology.
“The past year has been difficult for many in the energy services sector, but Newsco has been fortunate to have customers stick by us while we worked our way through a difficult period,” says Corey Campbell, Director of Operations, Newsco. “On behalf of everyone at Newsco and Telemetrix, I convey our heartfelt thanks and am pleased to report that the worst is behind us.”
For Newsco customers, the acquisition means stability and vision and enables the Company to continue its long history of improving downhole productivity and decreasing drilling costs for its customers, both domestic and international.
Similar to Newsco, Sawafi prides itself on quality, reliability, customer satisfaction and innovation. Through its commitment to in-house research and development since its founding in 1994, Newsco offers patented technologies that are unique to the Company.
“The acquisition allows us to always have the most advanced equipment and skilled people ready to deploy, our lead times for products to dramatically decrease and for us to maintain the quality you have come to expect from Newsco,” says Campbell. “With ownership that is dedicated to revitalizing the Company, we will continue to serve our clients with unwavering dedication while continuing our long history of research and development that drives the industry’s technologies to new limits.”
About Sawafi Aljazeera Oilfield Products and Services Co. Ltd
Sawafi was established as a wholly-owned subsidiary of Khalid Ali Alturki & Sons Holding Company (Alturki Holding) in 2013 to market and deliver highly differentiated technology products and their associated services to the upstream oil and gas industry in Saudi Arabia. In providing its services, Sawafi partners with oilfield product and service companies from around the world.
About Newsco International
Established in 1994, Newsco is global directional drilling and MWD service provider to the onshore oil & gas industry with exposure in North America, Peru, India, and the Middle East.
http://sawafi.com
www.newsco-drilling.com
*Source: AETOSWire
Sawafi Corporate Communications Department
Khaled Mohammed
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