METAIRIE, La.--(BUSINESS WIRE)--Biloxi Marsh Lands Corporation (PINK SHEETS:BLMC) announces the 2021 Annual Meeting of Shareholders and results for the year ending December 31, 2020.

The 2021 Annual Meeting of Shareholders of Biloxi Marsh Lands Corporation will be held on Wednesday May 5, 2021 at 10:30 a.m.

The Company’s annual revenue breakdown is as follows: 2020 revenue from oil and gas production for its fee lands was $11,736 compared to revenue of $18,982 in 2019. The flow-through losses from the Company’s membership interests in limited liability companies was $2,174,183 in 2020 compared to $2,290,999 in 2019. Dividend and interest income for 2020 was $53,330, compared to $101,240 for 2019. In 2020, the Company realized a cumulative loss from the sale of investment securities of $124,341 compared to a cumulative loss in the amount of $191,428 in 2019. Fee land income, unrelated to oil and gas activities, was $75,527 for 2020 compared to $143,322 for 2019. Expenses for the year totaled $591,768 compared to prior year expenses of $812,005. For the year, the Company had a net loss of $988,189 or $.39 per share compared to a net loss of $3,030,888 or $1.21 per share in 2019.

On January 14, 2021, the Company paid a dividend to its shareholders of record at the close of business on December 30, 2020. This represents a total cash dividend payment of $250,503 or $.10 per share. Since 2002, the Company has paid approximately $56,481,500 in total dividends.

Biloxi Marsh Lands Corporation is a Delaware corporation whose principal assets are surface and mineral rights to approximately 90,000 acres of marsh land in St. Bernard Parish, Louisiana, which from time to time generates revenues from mineral activities including lease bonuses, delay rentals, royalties on oil and natural gas production, and fee land income unrelated to oil and gas activities. Through investment in limited liability companies the Company also has separate interests in various oil and gas properties in Louisiana and Texas outside of its fee lands.

This news release contains forward-looking statements regarding all of the Company’s business activities including without limitation oil and gas discoveries, oil and gas exploration, and development and production activities and reserves. Accuracy of the forward-looking statements depends on assumptions about events that change over time and is thus susceptible to periodic change based on actual experience and new developments. The Company cautions readers that it assumes no obligation to update or publicly release any revisions to the forward-looking statements in this report. Important factors that might cause future results to differ from these forward-looking statements include: variations in the market prices of oil and natural gas; drilling results; unanticipated fluctuations in flow rates of producing wells; oil and natural gas reserves expectations; the ability to satisfy future cash obligations and environmental costs; and general exploration and development risks and hazards. Readers are cautioned not to place undue reliance on forward-looking statements made by or on behalf of the Company. Each such statement speaks only as of the day it was made. The factors described above cannot be controlled by the Company. When used in this report, the words “believes”, “estimates”, “plans”, “expects”, “could”, “should”, “outlook”, and “anticipates” and similar expressions as they relate to the Company or its management are intended to identify forward-looking statements.

The following Statements of Assets, Liabilities and Stockholders’ Equity—Income Tax Basis and Statements of Revenues and Expenses—Income Tax Basis have been derived from the Company’s end of the year financial statements, but do not include the information and footnotes that are an integral part of a complete financial statement.

The Company recommends that investors and all interested parties visit its website www.biloximarshlandscorp.com to view historical press releases, historical financial statements, and other relevant information. All inquiries should be made through the Contact Mailbox on the Company’s website: http://www.biloximarshlandscorp.com/contact/.

Biloxi Marsh Lands Corporation
Eric Zollinger: 504-837-4337

Appirio, a Wipro Company, recognized with Salesforce Partner Innovation Award

INDIANAPOLIS--(BUSINESS WIRE)--#Appirio--Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that Appirio, a Wipro company, is helping National Grid transform its business with an omnichannel customer experience by unifying its engagement with 68 million customers across two continents.

This global hybrid integration platform was recognized both for its positive business impact and for being among the first implementations of Runtime fabric for MuleSoft in the U.S. For this innovative work, Appirio has also been named the recipient of the Salesforce Partner Innovation Award for MuleSoft.

Appirio continues to work with National Grid to create a unified customer experience for 8 million customers across three U.S. states, five clouds, and eight subsidiary companies, as well as 60 million customers in the U.K. Working in a complex regulatory environment, Appirio is connecting multiple marketing channels, eliminating legacy system data silos, and extending its reach to customers and call centers with MuleSoft and reusable Application Programming Interface (APIs).

"More companies are recognizing the power of connected experiences. MuleSoft provides the scale and flexibility they would need to connect disparate systems,” said Hari Raja, Vice President, iDEAS - Apps and Data, Wipro Limited. “Our industry accelerators, delivery models, and MuleSoft expertise are helping enterprises achieve faster time to market and reduced operational costs. National Grid's phenomenal growth has coincided with one of the fastest-growing practices in the MuleSoft Partner Network. We thank Salesforce and MuleSoft for recognizing Appirio's contributions to these results, and we look forward to continuing to support National Grid and other customers in every step of their growth journey.”

“Congratulations to the Wipro/Appirio team for winning the prestigious Salesforce Innovation Award for MuleSoft,” said Amarendar Bura, Senior Director IT, Solutions Engineering CRM, and Digital Enablement, National Grid. “Very proud of what we achieved here at National Grid with your support in the last year, and how we continue to mature MuleSoft as our middleware platform powering API strategy to enable our digital transformation journey! This would not have been possible without a great partnership with Appirio/Wipro teams. Proud to work with this Rockstar team!”

“It’s inspiring to see Partner Innovation Award winners such as Appirio drive success for customers by delivering a unified 360 experience using a hybrid integration platform,” said Tyler Prince, Executive Vice President, Worldwide Alliances & Channels, Salesforce. “Now more than ever, companies need to accelerate their digital transformations—and trusted partners can elevate success for customers across industries.”

Salesforce, MuleSoft and others are among the trademarks of salesforce.com, inc.

About National Grid

National Grid (NYSE: NGG) is an electricity, natural gas, and clean energy delivery company serving more than 20 million people through our networks in New York, Massachusetts, and Rhode Island. National Grid is transforming our electricity and natural gas networks with smarter, cleaner, and more resilient energy solutions to meet the goal of reducing greenhouse gas emissions.

For more information, please visit our website, follow us on Twitter, watch us on YouTube, friend us on Facebook, and find our photos on Instagram.

About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 190,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.

Forward-Looking Statements

The forward-looking statements contained herein represent Wipro’s beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipro’s control. Such statements include, but are not limited to, statements regarding Wipro’s growth prospects, its future financial operating results, and its plans, expectations and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, complete proposed corporate actions, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our business and industry. The conditions caused by the COVID-19 pandemic could decrease technology spending, adversely affect demand for our products, affect the rate of customer spending and could adversely affect our customers’ ability or willingness to purchase our offerings, delay prospective customers’ purchasing decisions, adversely impact our ability to provide on-site consulting services and our inability to deliver our customers or delay the provisioning of our offerings, all of which could adversely affect our future sales, operating results and overall financial performance. Our operations may also be negatively affected by a range of external factors related to the COVID-19 pandemic that are not within our control. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

Nisha Chandrasekaran
Wipro Limited
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WASHINGTON--(BUSINESS WIRE)--Van Ness Feldman LLP is pleased to announce that Tanner A. Johnson, a former Legislative Director to Senator Mary Landrieu (D-LA), has joined the firm’s Washington, DC office as a Policy Advisor. Mr. Johnson brings decades of experience in the areas of coastal restoration and resiliency, federal energy policy, environmental restoration, and climate change, as well as federal and NGO grant processes to the firm. Prior to joining Van Ness Feldman, Mr. Johnson served as a Director of the Gulf Environmental Benefit Fund at the National Fish and Wildlife Foundation—a $2.5 billion grant fund resulting from the Deepwater Horizon oil spill, which in part funds coastal restoration efforts in Louisiana.

In announcing the addition of Mr. Johnson to the firm, Co-Chair Nancy McNally said, “We are thrilled to have Tanner on our government advocacy and public policy team. Tanner’s experience as a public servant and his focus on environmental, energy and natural resources matters throughout his career has given him a deep understanding of the federal legislative process which will be extremely valuable to clients. Tanner’s capabilities perfectly complement our bipartisan team.” Mr. Johnson will focus on providing clients with strategic advice and policy guidance on issues related to climate change, disaster resiliency, adaptation, coastal and wetlands restoration and other environmental, energy and natural resources issues.

While on Capitol Hill, Tanner led the Congressional staff level negotiations of the Resources and Ecosystems Sustainability, Tourist Opportunities and Revived Economies of the Gulf Coast States Act (the RESTORE Act), which dedicates 80 percent of civil and administrative Clean Water Act penalties paid by those responsible for the 2010 gulf oil disaster to Gulf Coast restoration. Mr. Johnson also led staff in the passage of the Gulf of Mexico Energy Security Act of 2006 (GOMESA), which provides a share of federal OCS oil and gas revenues to Louisiana. In 2013, Tanner was appointed by former Governor Bobby Jindal (R-LA) to the Governor’s Advisory Commission for Coastal Protection, Restoration and Conservation and was reappointed to the Advisory Commission by Louisiana Governor John Bel Edwards (D-LA).

Mr. Johnson will split his time between both Baton Rouge, LA and Washington, DC. He holds a Juris Doctor from the Paul M. Hebert Law Center at Louisiana State University and a Bachelor’s degree from Spring Hill College. Mr. Johnson can be reached at 202.298.1817 or via email at This email address is being protected from spambots. You need JavaScript enabled to view it.

With over 100 professionals in Washington, DC, Seattle, the Bay Area, and Denver, Van Ness Feldman is a national leader in helping clients with government advocacy, public policy, federal funding, and legal matters related to energy, the environment, natural resources, and health care. Our bipartisan government advocacy and public policy practice offers clients substantive knowledge, strategic policy guidance, and legislative advocacy on cutting-edge matters. Learn more at www.vnf.com.

Lisa Pavia 202-298-1899 (Washington, DC)
Saira Rhodes 206-623-9372 (Seattle, WA)

HOUSTON--(BUSINESS WIRE)--$NEXT #LSTKEPC--NextDecade Corporation (NextDecade or the Company) (NASDAQ: NEXT) and Bechtel Oil, Gas, and Chemicals, Inc. (Bechtel) have completed a pricing refresh on the fully wrapped lump-sum turnkey (LSTK) engineering, procurement, and construction agreements for the first three trains at NextDecade’s Rio Grande LNG project (EPC Agreements) resulting in no impact to the overall cost of the project. The pricing in the EPC Agreements is now valid until December 31, 2021. Additionally, NextDecade and Bechtel agreed to extend the validity of the EPC Agreements until July 31, 2022.

“We value our strong partnership with Bechtel, the world’s leading LNG EPC contractor,” said Matt Schatzman, NextDecade’s Chairman and Chief Executive Officer. “Our global LNG customers, feed gas suppliers, and other stakeholders can have the utmost confidence in the on-time and on-budget delivery of our Rio Grande LNG project. We are pleased to continue to progress our engineering and procurement activities under limited notices to proceed, and we look forward to providing Bechtel with a full notice to proceed with the development of this world-class project immediately following FID.”

NextDecade anticipates achieving a final investment decision on a minimum of two trains at Rio Grande LNG in 2021.

About NextDecade Corporation

NextDecade Corporation (NextDecade) is a liquefied natural gas (LNG) company focused on delivering the 27 mtpa Rio Grande LNG export facility in South Texas. Rio Grande LNG will be the largest U.S. LNG export solution linking Permian Basin and Eagle Ford Shale natural gas to the global LNG market. Utilizing carbon capture and storage technology and proprietary processes, NextDecade is targeting carbon neutrality at Rio Grande LNG. NextDecade’s common stock is listed on the Nasdaq Stock Market under the symbol “NEXT.” NextDecade is headquartered in Houston, Texas. For more information, visit www.next-decade.com.

NextDecade Forward-Looking Information

This press release contains forward-looking statements within the meaning of U.S. federal securities laws. The words “anticipate,” “contemplate,” “estimate,” “expect,” “project,” “plan,” “intend,” “believe,” “may,” “might,” “will,” “would,” “could,” “should,” “can have,” “likely,” “continue,” “design” and other words and terms of similar expressions are intended to identify forward-looking statements, and these statements may relate to the business of NextDecade and its subsidiaries. These statements have been based on NextDecade’s current assumptions, expectations, and projections about future events and trends and involve a number of known and unknown risks, which may cause actual results to differ materially from expectations expressed or implied in the forward-looking statements. These risks include uncertainties about progress in the development of NextDecade’s LNG liquefaction and export projects and the timing of that progress; NextDecade’s final investment decision (“FID”) in the construction and operation of a LNG terminal at the Port of Brownsville in southern Texas (the “Terminal”) and the timing of that decision; the successful completion of the Terminal by third-party contractors and an approximately 137-mile pipeline to supply gas to the Terminal being developed by a third-party; NextDecade’s ability to secure additional debt and equity financing in the future to complete the Terminal; the accuracy of estimated costs for the Terminal; statements that the Terminal, when completed, will have certain characteristics, including amounts of liquefaction capacities; the development risks, operational hazards, regulatory approvals applicable to the Terminal’s and the third-party pipeline's construction and operations activities; NextDecade’s anticipated competitive advantage and technological innovation which may render its anticipated competitive advantage obsolete; the global demand for and price of natural gas (versus the price of imported LNG); the availability of LNG vessels worldwide; changes in legislation and regulations relating to the LNG industry, including environmental laws and regulations that impose significant compliance costs and liabilities; the 2019 novel coronavirus pandemic and its impact on NextDecade’s business and operating results, including any disruptions in NextDecade’s operations or development of the Terminal and the health and safety of NextDecade’s employees, and on NextDecade’s customers, the global economy and the demand for LNG; risks related to doing business in and having counterparties in foreign countries; NextDecade’s ability to maintain the listing of its securities on a securities exchange or quotation medium; changes adversely affecting the business in which NextDecade is engaged; management of growth; general economic conditions; NextDecade’s ability to generate cash; compliance with environmental laws and regulations; the result of future financing efforts and applications for customary tax incentives; and other matters discussed in the “Risk Factors” section of NextDecade’s Annual Report on Form 10-K for the year ended December 31, 2019 and other subsequent reports filed with the Securities and Exchange Commission, all of which are incorporated herein by reference.

Additionally, any development of the Terminal remains contingent upon completing required commercial agreements, acquiring all necessary permits and approval, securing all financing commitments and potential tax incentives, achieving other customary conditions and making a final investment decision to proceed. The forward-looking statements in this press release speak as of the date of this release. Although NextDecade believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that the expectations will prove to be correct. NextDecade may from time to time voluntarily update its prior forward-looking statements, however, it disclaims any commitment to do so except as required by securities laws.

Patrick Hughes
This email address is being protected from spambots. You need JavaScript enabled to view it.
+1 (832) 209-8131

HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today that it has entered into a new Agreement for Response Resources with HWCG LLC.

Under the Agreement, HWCG’s members are given the opportunity to identify the Helix Fast Response System as a response resource in permit applications to U.S. federal and state agencies, and to deploy the Helix Fast Response System to respond to a well control incident in the U.S. Gulf of Mexico. Developed in 2011 as a culmination of Helix’s experience as a responder in the Macondo well control and containment efforts, the Helix Fast Response System consists of the Helix Producer I floating production unit, Q4000 or Q5000 vessels, subsea intervention systems, crude transfer systems and other well control equipment.

Under the terms of the Agreement, HWCG will pay Helix an annual retention fee. HWCG’s members will receive a credit against the annual retention fee for every day that a member utilizes the Q4000 or Q5000. The Agreement replaces the parties’ prior agreement and is effective April 1, 2021 for an initial two-year term.

“We are pleased to continue our long-standing relationship with HWCG, and are proud to stand on call as a first responder in the Gulf of Mexico,” said Owen Kratz, CEO of Helix. “Helix’s industry expertise in offshore well intervention and well control is second to none, and we feel this Agreement demonstrates the parties’ commitment to the continued safe planning, operation and execution of offshore oil and gas production. We embrace our role as a provider of sustainable solutions, are proud to offer the Helix Fast Response System to help mitigate and remediate the environmental risks associated with offshore drilling and production operations.”

HWCG’s Managing Director, Craig T. Castille added, “HWCG and its membership are pleased to have Helix continue as a business partner and core contractor for its source control and containment response in the U.S. Gulf of Mexico.”

About Helix

Helix Energy Solutions Group, Inc., headquartered in Houston, Texas, is an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well intervention and robotics operations. For more information about Helix, please visit our website at www.HelixESG.com.

Forward-Looking Statements

This press release contains forward-looking statements that involve risks, uncertainties and assumptions that could cause our results to differ materially from those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, any statements regarding our protocols and plans; our strategy; any statements regarding visibility and future utilization; any projections of financial items; any statements regarding future operations expenditures; any statements regarding the plans, strategies and objectives of management for future operations; any statements regarding our ability to enter into, renew and/or perform commercial contracts; any statements concerning developments; any statements regarding future economic conditions or performance; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Forward-looking statements are subject to a number of known and unknown risks, uncertainties and other factors that could cause results to differ materially from those in the forward-looking statements, including but not limited to the results and effects of the COVID-19 pandemic and actions by governments, customers, suppliers and partners with respect thereto; market conditions; results from acquired properties; demand for our services; the performance of contracts by suppliers, customers and partners; actions by governmental and regulatory authorities including recent regulatory initiatives by the new U.S. administration; operating hazards and delays, which include delays in delivery, chartering or customer acceptance of assets or terms of their acceptance; our ultimate ability to realize current backlog; employee management issues; complexities of global political and economic developments; geologic risks; volatility of oil and gas prices and other risks described from time to time in our reports filed with the Securities and Exchange Commission (“SEC”), including our most recently filed Annual Report on Form 10-K and in our other filings with the SEC, which are available free of charge on the SEC’s website at www.sec.gov. We assume no obligation and do not intend to update these forward-looking statements, which speak only as of their respective dates, except as required by the securities laws.

Social Media

From time to time we provide information about Helix on Twitter (@Helix_ESG), LinkedIn (www.linkedin.com/company/helix-energy-solutions-group), Facebook (www.facebook.com/HelixEnergySolutionsGroup) and Instagram (www.instagram.com/helixenergysolutions).

Erik Staffeldt
Executive Vice President & CFO
This email address is being protected from spambots. You need JavaScript enabled to view it.
281-618-0465

HOUSTON--(BUSINESS WIRE)--$NEXT #LNG--NextDecade Corporation (NextDecade or the Company) (NASDAQ: NEXT) and Bechtel Oil, Gas, and Chemicals, Inc. (Bechtel) have completed a pricing refresh on the fully wrapped lump-sum turnkey (LSTK) engineering, procurement, and construction agreements for the first three trains at NextDecade’s Rio Grande LNG project (EPC Agreements) resulting in no impact to the overall cost of the project. The pricing in the EPC Agreements is now valid until December 31, 2021. Additionally, NextDecade and Bechtel agreed to extend the validity of the EPC Agreements until July 31, 2022.

“We value our strong partnership with Bechtel, the world’s leading LNG EPC contractor,” said Matt Schatzman, NextDecade’s Chairman and Chief Executive Officer. “Our global LNG customers, feed gas suppliers, and other stakeholders can have the utmost confidence in the on-time and on-budget delivery of our Rio Grande LNG project. We are pleased to continue to progress our engineering and procurement activities under limited notices to proceed, and we look forward to providing Bechtel with a full notice to proceed with the development of this world-class project immediately following FID.”

NextDecade anticipates achieving a final investment decision on a minimum of two trains at Rio Grande LNG in 2021.

About NextDecade Corporation

NextDecade Corporation (NextDecade) is a liquefied natural gas (LNG) company focused on delivering the 27 mtpa Rio Grande LNG export facility in South Texas. Rio Grande LNG will be the largest U.S. LNG export solution linking Permian Basin and Eagle Ford Shale natural gas to the global LNG market. Utilizing carbon capture and storage technology and proprietary processes, NextDecade is targeting carbon neutrality at Rio Grande LNG. NextDecade’s common stock is listed on the Nasdaq Stock Market under the symbol “NEXT.” NextDecade is headquartered in Houston, Texas. For more information, visit www.next-decade.com.

NextDecade Forward-Looking Information

This press release contains forward-looking statements within the meaning of U.S. federal securities laws. The words “anticipate,” “contemplate,” “estimate,” “expect,” “project,” “plan,” “intend,” “believe,” “may,” “might,” “will,” “would,” “could,” “should,” “can have,” “likely,” “continue,” “design” and other words and terms of similar expressions are intended to identify forward-looking statements, and these statements may relate to the business of NextDecade and its subsidiaries. These statements have been based on NextDecade’s current assumptions, expectations, and projections about future events and trends and involve a number of known and unknown risks, which may cause actual results to differ materially from expectations expressed or implied in the forward-looking statements. These risks include uncertainties about progress in the development of NextDecade’s LNG liquefaction and export projects and the timing of that progress; NextDecade’s final investment decision (“FID”) in the construction and operation of a LNG terminal at the Port of Brownsville in southern Texas (the “Terminal”) and the timing of that decision; the successful completion of the Terminal by third-party contractors and an approximately 137-mile pipeline to supply gas to the Terminal being developed by a third-party; NextDecade’s ability to secure additional debt and equity financing in the future to complete the Terminal; the accuracy of estimated costs for the Terminal; statements that the Terminal, when completed, will have certain characteristics, including amounts of liquefaction capacities; the development risks, operational hazards, regulatory approvals applicable to the Terminal’s and the third-party pipeline's construction and operations activities; NextDecade’s anticipated competitive advantage and technological innovation which may render its anticipated competitive advantage obsolete; the global demand for and price of natural gas (versus the price of imported LNG); the availability of LNG vessels worldwide; changes in legislation and regulations relating to the LNG industry, including environmental laws and regulations that impose significant compliance costs and liabilities; the 2019 novel coronavirus pandemic and its impact on NextDecade’s business and operating results, including any disruptions in NextDecade’s operations or development of the Terminal and the health and safety of NextDecade’s employees, and on NextDecade’s customers, the global economy and the demand for LNG; risks related to doing business in and having counterparties in foreign countries; NextDecade’s ability to maintain the listing of its securities on a securities exchange or quotation medium; changes adversely affecting the business in which NextDecade is engaged; management of growth; general economic conditions; NextDecade’s ability to generate cash; compliance with environmental laws and regulations; the result of future financing efforts and applications for customary tax incentives; and other matters discussed in the “Risk Factors” section of NextDecade’s Annual Report on Form 10-K for the year ended December 31, 2019 and other subsequent reports filed with the Securities and Exchange Commission, all of which are incorporated herein by reference.

Additionally, any development of the Terminal remains contingent upon completing required commercial agreements, acquiring all necessary permits and approval, securing all financing commitments and potential tax incentives, achieving other customary conditions and making a final investment decision to proceed. The forward-looking statements in this press release speak as of the date of this release. Although NextDecade believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that the expectations will prove to be correct. NextDecade may from time to time voluntarily update its prior forward-looking statements, however, it disclaims any commitment to do so except as required by securities laws.

Patrick Hughes
This email address is being protected from spambots. You need JavaScript enabled to view it.
+1 (832) 209-8131

GREENWICH, Conn.--(BUSINESS WIRE)--Diamond S Shipping Inc. (NYSE: DSSI) (the “Company”) announced today that the Company plans to release fourth quarter 2020 earnings before the market opens on Friday, March 12, 2021. The Company will host a conference call for investors at 8:00 AM ET on the same day.

Conference Call Details

Date: Friday, March 12, 2021

Time: 8:00 AM ET

US Dial-In Number: +1 866 211-4137

International Dial-In Number: +1 647 689-6723

Conference ID: 7955988

A live webcast of the conference call will be available from the Company’s website at www.diamondsshipping.com.

An audio replay of the conference call will be available starting at 11 AM ET on Friday, March 12, 2021 through Friday, March 19, 2021 by dialing +1 800 585-8367 or +1 416 621-4642 and entering the passcode 7955988.

About Diamond S Shipping Inc.

Diamond S Shipping Inc. (NYSE Ticker: DSSI) owns and operates 64 vessels on the water, including 13 Suezmax vessels, one Aframax and 50 medium-range (MR) product tankers. Diamond S Shipping is one of the largest energy shipping companies providing seaborne transportation of crude oil and refined petroleum products in the international shipping markets. The Company is headquartered in Greenwich, CT. More information about the Company can be found at www.diamondsshipping.com.

Investor Relations Inquiries:
Robert Brinberg
Tel: +1-212-517-0810
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

GumboNet ESG Ties Real-Time Operational Data to Blockchain-Powered Smart Contracts for Fast, Accurate, Verifiable Environmental Performance Monitoring

Automated Reporting Based on Sustainability Accounting Standards Board (SASB) Framework for Scalable, Trustworthy Insights

HOUSTON--(BUSINESS WIRE)--#ESG--Data Gumbo, provider of GumboNet™ — the massively interconnected industrial smart contract network secured and powered by blockchain, today announced GumboNet ESG, the automated and accurate sustainability measurement solution that ties a company’s operational data to environmental, social and governance (ESG) standards reporting. The result is real-time verifiable environmental performance monitoring, setting a new bar for transparency to satisfy investors, regulators and other stakeholders’ desire for faster and better environmental impact data. GumboNet ESG utilizes the Sustainability Accounting Standards Board (SASB) framework with a specific smart contract to create automated ESG reports.

“GumboNet ESG provides the ability to execute a company’s monitoring of sustainability goals over time across their supply chain, providing trustworthy and auditable reports for the market against the credible and widely used SASB standards,” said Andrew Bruce, Founder and CEO of Data Gumbo. “It’s a new dawn for reliable and automated environmental impact measurements based on smart contracts powered and secured by blockchain.”

Sustainability Data Growing Pains and the Power of GumboNet ESG

The need to reduce their carbon footprint is forcing companies to examine the quality, quantity and timeliness of their data to satisfy investors, regulators, lenders and other stakeholders. Yet monitoring ESG measurement consumes human capital, time and financial resources without the guarantee of accuracy or repeatability. GumboNet ESG allows companies to automate reporting with the promise of accurate measurements from the field, simplifying historically inaccurate self-reporting practices, and supporting standardization in accordance with SASB Standards.

“Data Gumbo is poised to address sustainability measurement growing pains with near real-time environmental data from the field,” said Jeff Cohen, CAIA, Director of Capital Markets Integration. “GumboNet ESG stands to enable accurate, automated measurement by industrial sectors as to their carbon emissions, while saving time, human capital and money. This solution supports better reporting into SASB standards in a way that could ultimately scale to all sectors of the economy.”

As a neutral third-party, GumboNet reaches across data sources, silos and counterparty information in a supply chain, capturing and verifying real-world events and services as they unfold with a corroborated, auditable record. This data used by companies in GumboNet smart contracts to automate invoicing and payments and wring out process inefficiencies is the same data needed to measure sustainability such as carbon emissions. In effect, sustainability measurement is paid for by removing waste from the supply chain. GumboNet ESG is available as a configurable smart contract, and taps a company's own operational Industrial Internet of Things (IIoT) field data and that of their supply chain’s to produce an accurate picture of environmental impact.

“Our smart contract network is extremely efficient in its ability to track, report and audit the carbon footprint across supply chains. This is based on field data and facts, not estimates, as it’s also the data that companies are invoicing with and paying bills off. GumboNet ESG empowers companies to tackle previously nonexistent, difficult or subpar measurement strategies around emissions and carbon tracking, providing the trust required for accurate, provable — not estimated — ESG reporting,” said Bruce.

Data Gumbo customers will have access to the GumboNet ESG as part of their GumboNet subscription to automate commercial transactions. GumboNet ESG licenses and applies the Sustainability Accounting Standards Board (SASB) Materiality Map® and full standards in its work.

About Data Gumbo

Data Gumbo is a Houston-headquartered technology company that provides GumboNet™ — the massively interconnected industrial smart contract network secured and powered by blockchain. With integrated real-time capabilities that automate and execute smart contracts, GumboNet reduces contract leakage, frees up working capital, enables real-time cash and financial management and delivers provenance with unprecedented speed, accuracy, visibility and transparency. Beyond its Houston office, the company has subsidiary offices in Stavanger, Norway, and in London, UK. To date, the company has received equity funding with Saudi Aramco Energy Ventures, the venture subsidiary of Saudi Aramco, and Equinor Technology Ventures, the venture subsidiary of Equinor, Norway’s leading energy operator. Data Gumbo was recognized as the Disruptive Innovator in the Forbes Energy Awards 2020 and was named to CB Insights Blockchain 50, among other awards. For more information, visit www.datagumbo.com or follow on LinkedIn, Twitter and Facebook.

About SASB

The Sustainability Accounting Standards Board (SASB) connects businesses and investors on the financial impacts of sustainability. SASB Standards enable businesses around the world to identify, manage, and communicate financially material sustainability information to investors. SASB Standards are industry-specific and are designed to be decision-useful for investors and cost-effective for companies. They are developed using a process that is evidence based and market informed. The standards cover business activities that, when managed effectively, avoid or reduce harm, benefit stakeholders, and contribute to solutions for a just and sustainable world. To download any of the 77 industry-specific standards, or learn more about SASB, please visit SASB.org.

Media contact:
Gina Manassero
Data Gumbo
VP of Communications
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A Joint Webinar with IEEE SA will be held in March, A Global Website has been launched

FUKUOKA, Japan--(BUSINESS WIRE)--#hdplc--Last year, HD-PLC Alliance ^*1, Fukuoka, Japan (Alliance) launched the “Global Strategy Preparatory Office”, a new ad-hoc working group, to support the advancement of IoT migration which is leading to a dramatic growth of the needs for high-speed PLC in various systems such as smart-meter, factory-automation (FA), building-automation (BA), solar power generation, smart-streetlight, smarter-city, smarter-home, etc.

The Alliance announces today several initiatives as part of the development of its global activities.

First, the Alliance will hold an HD-PLC ^*2 global web seminar (webinar) jointly with IEEE SA^*3 on coming Thursday, 18th March to showcase its ecosystem footprint.

• Event title: [IEEE SA And HD-PLC Alliance Webinar March 2021]
  Home Networking, Industrial and Building Automation through HD-PLC (High Speed Powerline Communication)

• Official website: https://hd-plc.org/news/, https://standards.ieee.org/events/index.html

• Topics covered/Agenda: HD-PLC technology and Standards, Building Automation, Industrial Case Studies, In-home systems, Internet of Things (IoT), HD-PLC licensing program

• Presenter: IEEE 1901 Working Group Chair, Panasonic, MegaChips, Alliance Chair and Manager

The official website has been completely renewed in February this year and the Alliance has increased its presence on the SNS site such as Facebook, LinkedIn to disseminate more information globally.

The Alliance will actively contribute to the activities of global standardization in cooperation with IEEE despite of COVID-19 disaster these days.

Since its establishment in 2007, the Alliance has carried out global activities in Europe, U.S.A, Asia to expand and spread HD-PLC and to ensure interoperability. As a result, the global IEEE Standard 1901^*4 was approved in 2010, adopting HD-PLC as core technology. "The IEEE 1901 standard is the FIRST standard that converted scattered initiatives into a profitable industry offering assurance of interoperability to users” said Jean-Philippe Faure, IEEE 1901 Working Group Chair.

In 2012 the HD-PLC technology was adopted in the Chinese national standard GB/T 29265.305-2012 ^*5. Additionally, U.S. standard ANSI/CTA 709.8 LON HD-PLC^*6, based on IEEE std 1901, has been approved in 2020. This shows that HD-PLC is broadly recognized as one of most popular global High-speed Power Line Communication standard.

The Alliance has continuously contributed and will continue to contribute to the evolution of the IEEE 1901 standard. "The continuous development of amendments within the IEEE 1901 Working Group consolidates the technology, inspires new uses in new sectors - LON standard - and expands the PLC market to new generations of products.” continued Jean-Philippe Faure. The last achievement was the publication of IEEE Std 1901-2020.

Note:

1. The unincorporated association founded by Panasonic Corporation in 2017, which aims to expand and increase the use of HD-PLC and ensure interoperability between equipment with built-in HD-PLC.
2. An abbreviation for “High Definition Power Line Communication” originally. HD-PLC™ or HD-PLC™ mark is a registered trademark or trademark of Panasonic Corporation in Japan and in other countries.
3. The IEEE (Institute of Electrical and Electronics Engineers, U.S.A) Standards Association.
4. The global standard on high-speed Power Line Communication that adopted HD-PLC as core technology in 2010. The latest revision, IEEE 1901 std-2020, has been published in January 2021.
   https://standards.ieee.org/standard/1901-2020.html
5. IGRS (a communication industry organization in China), the Alliance, Panasonic, etc. worked for this standardization together. It was approved in 2012.
6. American National Standards Institute (ANSI) approved as American National Standard (ANS).

HD-PLC Alliance
Takanori Miyake, Ryoji Kido,
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COLUMBUS, Ind.--(BUSINESS WIRE)--Global power leader Cummins Inc. (NYSE: CMI) and Cummins Westport Inc. announced today that the ISX12N+Endurant HD N powertrain from its Integrated power portfolio is now available for heavy-duty customers, delivering a fully integrated natural gas powertrain. The combination of the ISX12N near zero natural gas engine and the Endurant HD N 12-speed automated transmission from Eaton Cummins Automated Transmission Technologies is well suited for heavy-duty regional haul fleets looking to lower emissions and improve their sustainability profile.

“The ultra-low emissions of the ISX12N combined with the Endurant HD N transmission provides the optimal powertrain solution for customers working to lower their carbon footprint,” said Thomas R. Hodek, President of Cummins Westport. “The deep powertrain integration delivers improved launch, low speed maneuverability, and smoother shifts that drivers will appreciate.”

When paired with the Endurant HD N automated transmission, the ISX12N natural gas engine is available with a rating of 400 horsepower and 1,450 lb-ft torque and can operate with 100% compressed natural gas (CNG), liquid natural gas (LNG) or renewable natural gas (RNG). This reduces smog-forming NOx emissions by 90% compared to the current Environmental Protection Agency (EPA) standard. When operated using RNG, the system is credited with a neutral to negative carbon index, resulting in net greenhouse gas (GHG) emissions at or below zero.

The new Endurant HD N automated transmission was optimized for integration with the ISX12N natural gas engine and features new software functionality and calibrations, and a new diaphragm spring clutch designed to meet the load requirements of the natural gas engine while protecting the engine for optimal performance.

The integration between the engine and transmission results in improved launch performance, improved low-speed maneuverability and smoother shifts when compared to previous natural gas engines and automated manual transmission combinations.

Inquiries regarding OEM availability may be made with your preferred OEM or dealer.

About Cummins Inc.

Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products range from diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, batteries, electrified power systems, hydrogen generation and fuel cell products. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 57,800 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $1.8 billion on sales of $19.8 billion in 2020. Learn more at cummins.com.

About Eaton Cummins Automated Transmission Technologies

Eaton Cummins Automated Transmission Technologies is a 50/50 joint venture between Eaton (NYSE: ETN) and Cummins, Inc. (NYSE: CMI). The global joint venture produces and markets industry-leading, heavy-duty automated transmissions for commercial vehicles. For more information visit www.eatoncummins.com.

About Cummins Westport Inc.

Cummins Westport Inc. designs, engineers and markets 5.9 to 12 liter spark-ignited natural gas engines for North American commercial transportation applications such as trucks and buses. Cummins Westport is a joint venture of Cummins Inc. (NYSE:CMI), a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems, and Westport Fuel Systems Inc. (NASDAQ: WPRT / TSX: WPRT), a global leader in alternative fuel, low-emissions technologies that allow engines to operate on clean-burning fuels such as compressed natural gas (CNG), liquefied natural gas (LNG), Propane (LPG), hydrogen, and biofuels such as landfill gas.

Jon Mills
Director – External Communications
(317) 658-4540
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NEW YORK & OSLO, Norway--(BUSINESS WIRE)--FREYR AS, (the “Company” or “FREYR”), a Norway-based developer of clean, next-generation battery cell production capacity announced today that the company's Chief Executive Officer, Tom Einar Jensen, will meet with investors at the following upcoming conference events:

• B Riley Securities Sustainable Energy & Technology Conference, 9 March 2021
• Tudor, Pickering, Holt & Co. 2021 Battery Workshop (Virtual conference), 31 March 2021
• UBS Global Energy Transition Call Series, 16 April 2021

Updated investor presentations will be made available on the Investors section of FREYR’s website at www.freyrbattery.com.

On 29 January 2021, FREYR announced that it will become a publicly listed company through a business combination with Alussa Energy Acquisition Corp., raising approximately USD 850 million in equity proceeds to accelerate the development of clean battery cell manufacturing capacity in Norway. Subject to closing conditions being met, the combined company will be named “FREYR Battery” ("Pubco") and its common stock is expected to start trading on the New York Stock Exchange under the ticker symbol FREY upon closing, expected in the second quarter of 2021. On 16 February 2021, the extraordinary general meeting of FREYR approved the business combination.

About FREYR AS

FREYR plans to develop up to 43 GWh of battery cell production capacity by 2025 to position the company as one of Europe’s largest battery cell suppliers. The facilities will be located in the Mo i Rana industrial complex in Northern Norway, leveraging Norway’s highly skilled workforce and abundant, low-cost renewable energy sources from hydro and wind in a crisp, clear and energized environment. FREYR will supply safe, high energy density and cost competitive clean battery cells to the rapidly growing global markets for electric vehicles, energy storage, and marine applications. FREYR is committed to supporting cluster-based R&D initiatives and the development of an international ecosystem of scientific, commercial, and financial stakeholders to support the expansion of the battery value chain in our region. For more information, please visit www.freyrbattery.com.

About Alussa Energy Acquisition Corp.

Alussa Energy is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While Alussa Energy may pursue an acquisition opportunity in any industry or sector, Alussa Energy intends to focus on businesses across traditional energy markets as well as the accelerating energy transition movement towards renewables and decarbonization across transportation and industrial systems. For more information, please visit: https://www.alussaenergy.com.

Forward-looking statements

The information in this press release includes forward-looking statements and information based on management’s expectations as of the date of this press release. All statements other than statements of historical facts, including statements regarding FREYR’s business strategy, anticipated business combination with Alussa Energy (the “Transaction”) and the terms of such combination, anticipated benefits of FREYR’s technologies and projected production capacity are forward-looking statements. The words “may,” will,” “expect,” “plan,” “target,” or similar terminology are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. FREYR may not actually achieve the plans or expectations disclosed in these forward-looking statements, and you should not place undue reliance on these forward-looking statements. Factors that may cause actual results to differ materially from current expectations, include FREYR’s ability to execute on its business strategy and develop and increase production capacity in a cost-effective manner; changes adversely affecting the battery industry; the further development and success of competing technologies; the failure of 24M technology or FREYR’s batteries to perform as expected; and our ability to complete the business combination with Alussa Energy on the terms that we currently expect or at all.

No Offer or Solicitation

This press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities pursuant to the Transaction or otherwise, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. 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.

No Assurances

There can be no assurance that the Transaction will be completed, nor can there be any assurance, if the Transaction is completed, that the potential benefits of combining the companies will be realized.

Important Information about the Transaction and Where to Find It

In connection with the Transaction, Alussa Energy and Pubco will file relevant materials with the SEC, including a Form S-4 registration statement to be filed by Pubco (the “S-4”), which will include a prospectus with respect to Pubco’s securities to be issued in connection with the proposed business combination and a proxy statement (the “Proxy Statement”) with respect to Alussa Energy’s shareholder meeting at which Alussa Energy’s shareholders will be asked to vote on the proposed Business Combination and related matters. ALUSSA ENERGY SHAREHOLDERS AND OTHER INTERESTED PERSONS ARE ADVISED TO READ, WHEN AVAILABLE, THE S-4 AND THE AMENDMENTS THERETO AND OTHER INFORMATION FILED WITH THE SEC IN CONNECTION WITH THE TRANSACTION, AS THESE MATERIALS WILL CONTAIN IMPORTANT INFORMATION ABOUT ALUSSA ENERGY, PUBCO, FREYR AND THE TRANSACTION. When available, the Proxy Statement contained in the S-4 and other relevant materials for the Transaction will be mailed to shareholders of Alussa Energy as of a record date to be established for voting on the proposed business combination and related matters. The preliminary S-4 and Proxy Statement, the final S-4 and definitive Proxy Statement and other relevant materials in connection with the Transaction (when they become available), and any other documents filed by Alussa Energy with the SEC, may be obtained free of charge at the SEC’s website (www.sec.gov) or by writing to Alussa Energy Acquisition Corp. at c/o PO Box 500, 71 Fort Street, Grand Cayman KY1-1106, Cayman Islands.

FREYR
Steffen Føreid, CFO, +47 9755 7406, This email address is being protected from spambots. You need JavaScript enabled to view it.
Harald Bjørland, Investor Relations, +47 908 58 221, This email address is being protected from spambots. You need JavaScript enabled to view it.
Hilde Rønningsen, Director of Communications,+47 453 97 184, This email address is being protected from spambots. You need JavaScript enabled to view it.

Alussa Energy
Chi Chow, Alussa Energy, Strategy & Investor Relations, +1 929-303-6514, This email address is being protected from spambots. You need JavaScript enabled to view it.

NEEDHAM, Mass.--(BUSINESS WIRE)--#CO2reduction--A new forecast from International Data Corporation (IDC) shows that the continued adoption of cloud computing could prevent the emission of more than 1 billion metric tons of carbon dioxide (CO2) from 2021 through 2024.

The forecast uses IDC data on server distribution and cloud and on-premises software use along with third-party information on datacenter power usage, carbon dioxide (CO2) emissions per kilowatt-hour, and emission comparisons of cloud and non-cloud datacenters.

A key factor in reducing the CO2 emissions associated with cloud computing comes from the greater efficiency of aggregated compute resources. The emissions reductions are driven by the aggregation of computation from discrete enterprise datacenters to larger-scale centers that can more efficiently manage power capacity, optimize cooling, leverage the most power-efficient servers, and increase server utilization rates.

At the same time, the magnitude of savings changes based on the degree to which a kilowatt of power generates CO2, and this varies widely from region to region and country to country. Given this, it is not surprising that the greatest opportunity to eliminate CO2 by migrating to cloud datacenters comes in the regions with higher values of CO2 emitted per kilowatt-hour. The Asia/Pacific region, which utilizes coal for much of its' power generation, is expected to account for more than half the CO2 emissions savings over the next four years. Meanwhile EMEA will deliver about 10% of the savings, largely due to its use of power sources with lower CO2 emissions per kilowatt-hour.

While shifting to cleaner sources of energy is very important to lowering emissions, reducing wasted energy use will also play a critical role. Cloud datacenters are doing this through optimizing the physical environment and reducing the amount of energy spent to cool the datacenter environment. The goal of an efficient datacenter is to have more energy spent on running the IT equipment than cooling the environment where the equipment resides.

Another capability of cloud computing that can be used to lower CO2 emissions is the ability to shift workloads to any location around the globe. Developed to deliver IT service wherever it is needed, this capability also enables workloads to be shifted to enable greater use of renewable resources, such as wind and solar power.

IDC's forecast includes upper and lower bounds for the estimated reduction in emissions. If the percentage of green cloud datacenters today stays where it is, just the migration to cloud itself could save 629 million metric tons over the four-year time period. If all datacenters in use in 2024 were designed for sustainability, then 1.6 billion metric tons could be saved. IDC's projection of more than 1 billion metric tons is based on the assumption that 60% of datacenters will adopt the technology and processes underlying more sustainable "smarter" datacenters by 2024.

"The idea of 'green IT' has been around now for years, but the direct impact of hyperscale computing can have on CO2 emissions is getting increased notice from customers, regulators, and investors and it's starting to factor into buying decisions," said Cushing Anderson, program vice president at IDC. "For some, going 'carbon neutral' will be achieved using carbon offsets, but designing datacenters from the ground up to be carbon neutral will be the real measure of contribution. And for advanced cloud providers, matching workloads with renewable energy availability will further accelerate their sustainability goals."

The IDC report, Worldwide CO2 Emissions Savings from Cloud Computing Forecast, 2021–2024: A First-of-Its-Kind Projection (IDC #US47426420), presents IDC's first global forecast of CO2 emissions savings from cloud computing. The report provides annual CO2 savings on a worldwide and regional basis and estimates the annual savings for each year above the 2020 baseline. A methodology section explains how the emissions savings were calculated along with the underlying assumptions and identifies the sources of third-party data that were used in the calculations. IDC believes this is the first comprehensive study of this kind.

About IDC
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly-owned subsidiary of International Data Group (IDG), the world's leading tech media, data and marketing services company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC and LinkedIn. Subscribe to the IDC Blog for industry news and insights: http://bit.ly/IDCBlog_Subscribe.

Michael Shirer
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508-935-4200

- Acquisition closed / first capacities online in the next weeks

- Milestone reached on successful roadmap / immediate expansion with five new sites in Canada and Scandinavia

- Highly scalable with up to 4.5 gigawatts of hydropower available

- Value added for customers: data sovereignty not affected by US Cloud Act

FRANKFURT AM MAIN, Germany--(BUSINESS WIRE)--Northern Data AG (XETRA: NB2, ISIN: DE000A0SMU87) has successfully closed the acquisition of the site in Northern Sweden near the city of Boden, announced in January, and immediately started to roll out and install the first GPU-based high-performance computing (HPC) hardware. The site is expected to bring the first capacity online within the next weeks and will contribute decisively to the further successful expansion of Northern Data Group's HPC infrastructure and provide direct customer benefits.

The highly efficient data center in Northern Sweden is one of up to five new Scandinavian and Canadian sites that the Group is rapidly building and scaling up as part of its expansion and the massive growth in demand for computing power. The sites are operated climate-neutrally using renewable energies and are characterized by scalability, efficiency and cost advantages.

Electricity for Northern Data's new site comes from 100 percent renewable energy and is generated by hydropower plants in the region. The local hydropower plants have a capacity of around 4.5 gigawatts (GW), producing around 14 terawatt hours (TWh) per year, which can be utilized by Northern Data as part of its next expansion activities.

Northern Data CEO Aroosh Thillainathan comments: "Our expansion is proceeding rapidly and on schedule. We are pleased to have acquired the blueprint for the ideal location with the plant in Northern Sweden: The site is highly efficient and based on renewable energy at the most favorable conditions in the EU, while at the same time we have every opportunity to scale up almost at will. As a result, the site marks an important milestone in our roadmap, since it will enable us to meet the massive demand for HPC computing power very effectively. As a European company, we are not subject to the U.S. Cloud Act, which, in contrast, secures U.S. authorities access to the stored data of large American hyperscalers. The data sovereignty we can offer in comparison is another selling proposition that makes us particularly attractive to certain customers and drives demand."

The site in Boden currently consists of six data center facilities on an area of 2.5 hectares. Awarded for its ultra-efficiency, the site meets the highest requirements with various ISO certifications and was only completed by data center operator Hydro66 in 2019 before being acquired by Northern Data Group. Located around 80 kilometers south of the Arctic Circle with an average annual temperature of 1.3 degrees Celsius, the site is ideal for passive energy-saving cooling of HPC hardware and achieves peak energy efficiency values.

About Northern Data:

Northern Data AG develops and operates global infrastructure solutions in the field of High- Performance Computing (HPC). With its customer-specific solutions, the company provides the infrastructure for various HPC applications in areas such as bitcoin mining, blockchain, artificial intelligence, big data analytics, IoT or rendering. The internationally active company was formed from the merger of the German company Northern Bitcoin AG and the American company Whinstone US, Inc. and is today a leading provider of HPC solutions worldwide. Northern Data offers its HPC solutions both in large, stationary data centers and in mobile high-tech data centers that can be set up at any location worldwide. The company combines self-developed software and hardware with intelligent concepts for a sustainable energy supply. The Northern Data group currently employs around 200 people.

Disclaimer:

This press release does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities of Northern Data AG, nor does it constitute a securities prospectus of Northern Data AG. The information contained in this press release is not intended to be the basis for any financial, legal, tax or other business decision. Investment or other decisions should not be made solely on the basis of this press release. As in all business and investment matters, please consult qualified professional advice.

Press Contact:
Northern Data AG
Dr. Hans Joachim Dürr
Head of Corporate Communications
An der Welle 3
60322 Frankfurt am Main
E-Mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: +49 69 348 752 89

Investor Relations:
Jens-Philipp Briemle
Head of Investor Relations
An der Welle 3
60322 Frankfurt am Main
E-Mail: This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: +49 171 557 6989

DAVIDSON, N.C.--(BUSINESS WIRE)--Ingersoll Rand Inc. (NYSE: IR) appointed Chris Miorin today as its vice president of investor relations. Miorin replaces Vikram Kini in the role, who was appointed in June to chief financial officer.

Miorin assumes the role from his current one with the Ingersoll Rand Execution Excellence team where he has served as the vice president of corporate development since the merger of Gardner Denver and Ingersoll Rand’s industrial business in March 2020.

“Chris is a talented leader who demonstrates aptitude and excellent management capabilities with knowledge of our business strategy and operations,” said Kini. “He has played a critical role in accelerating Ingersoll Rand’s growth strategy, most recently with the acquisition of Tuthill Vacuum and Blower Systems and divestiture of the High Pressure Solutions segment. This experience will further build our program to engage more deeply with the investor community. I look forward to working alongside Chris as he continues to be an integral leader in executing our strategic plan to deliver both near and long-term value for our stockholders.”

A proud veteran of the United States Army, Miorin served as an infantry officer and Ranger from 2007-2012, including a deployment with the 25^th Infantry Division in support of Operation Iraqi Freedom, leadership roles in The Old Guard at Arlington National Cemetery, and service as an aide to the President of the United States. After the military, he held roles as a controller with ExxonMobil, and investment banking associate with RBC Capital Markets and Simmons & Company International before joining Gardner Denver in June 2018 as the director of strategy and corporate development.

His community volunteerism is as impressive as his work experience. Miorin is passionate about education initiatives for underserved communities and supporting transitioning veterans. He served for two years as the service chair on the YPG Board of Directors with the Barbara Bush Houston Literacy Foundation and served three years as a board member and secretary of Combined Arms, an organization committed to veterans navigating the transition from military to civilian life.

Miorin has an MBA from Northwestern University and a Bachelor of Science degree from the United States Military Academy at West Point where he graduated with honors.

About Ingersoll Rand Inc.

Ingersoll Rand Inc. (NYSE:IR), driven by an entrepreneurial spirit and ownership mindset, is dedicated to helping make life better for our employees, customers and communities. Customers lean on us for our technology-driven excellence in mission-critical flow creation and industrial solutions across 40+ respected brands where our products and services excel in the most complex and harsh conditions. Our employees develop customers for life through their daily commitment to expertise, productivity and efficiency. For more information, visit www.IRCO.com.

Media:
Misty Zelent
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Investor Relations:
Vikram Kini
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DUBLIN--(BUSINESS WIRE)--The "Global Marine Engines Market by Power (<1, 1-5, 5-10, 10-20, Over 20) Thousand HP, Vessel (Commercial, Offshore), Fuel (Heavy, Intermediate, Marine Diesel, Gas Oil), Engine (Propulsion, Auxiliary), Type, and Region - Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global marine engines market is projected to grow from USD 11.8 billion in 2020 to USD 13.7 billion by 2025; it is expected to grow at a CAGR of 3.1% from 2020-2025.

The key factors driving the growth of the marine engine market include growth in international marine freight transport, growth in maritime tourism, and increasing adoption of smart engines for situational awareness and safety.

However, due to the COVID-19 pandemic, and resultant extensive lockdowns, halted production, and decline in trade of goods apart from essential items, the marine sector has been affected to a large extent. Marine and shipping industries rely on other sectors such as commercial cruises, cargo vessels, and the offshore oil & gas industry. Due to worldwide lockdowns and lack of demand for cruise and cargo ships, the marine engine market has been highly impacted.

The marine engines market by segment is categorized into propulsion engine and auxiliary engine. The propulsion engines segment is expected to grow at the fastest rate during the forecast period. Propulsion engines are the key component on any marine vessel. These engines are responsible for providing thrust and power to vessels to move and sail the oceans. These engines act as prime movers of ships and are thus major assets of all vessels. With the growing demand for marine freight transport and marine tourism the demand for sips and vessels is expected to increase which is further expected to drive the demand for marine propulsion engines.

Asia-Pacific is expected to be the largest and fastest marine engines market during the forecast period. Asia-Pacific comprises China, Japan, South Korea, India, Australia, and the Rest of Asia-Pacific. Asia-Pacific is a global leader in the shipbuilding industry both in terms of exports and imports. It is considered to be a lucrative region for maritime trade. Countries such as China, Japan, and South Korea are considered as the main manufacturing hubs for marine engines. Over the past few years, this region has witnessed rapid economic development as well as the growth of the manufacturing and energy sectors, thereby resulting in an increase in the maritime trade. The rise in seaborne trade has subsequently led to an increase in demand for ships that are used to transport manufactured goods to various regions worldwide.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

3.1 Pre- and Post-COVID-19 Scenario Analysis

4 Premium Insights

4.1 Attractive Opportunities in the Marine Engines Market During the Forecast Period

4.2 Marine Engines Market, by Region

4.3 Asia-Pacific Marine Engines Market, by Vessel and Country

4.4 Marine Engines Market, by Vessel

4.5 Marine Engines Market, by Power Range

4.6 Marine Engines Market, by Engine

4.7 Marine Engines Market, by Fuel

4.8 Marine Engines Market, by Type

5 Market Overview

5.1 Introduction

5.2 COVID-19 Health Assessment

5.3 Road to Recovery

5.4 COVID-19: Economic Assessment

5.5 Market Dynamics

5.5.1 Drivers

5.5.1.1 Growth in International Marine Freight Transport

5.5.1.2 Increasing Adoption of Smart Engines for Situational Awareness and Safety

5.5.1.3 Growth in Maritime Tourism

5.5.2 Restraints

5.5.2.1 Stringent Environmental Regulations Worldwide

5.5.2.2 Dependence on Heavy Fuel as the Primary Fuel

5.5.3 Opportunities

5.5.3.1 Increased Naval Budgets Worldwide

5.5.3.2 Rising Demand for Dual-Fuel Engines

5.5.4 Challenges

5.5.4.1 Fluctuations in Oil & Gas Prices

5.5.4.2 Shipping Overcapacity

5.5.4.3 Impact of COVID-19

5.6 Adjacent and Interconnected Markets

6 Marine Engines Market, by Power Range

7 Marine Engines Market, by Vessel

8 Marine Engines Market, by Fuel

9 Marine Engines Market, by Engine

10 Marine Engines Market, by Type

11 Marine Engines Market, by Region

12 Competitive Landscape

13 Company Profiles

13.1 MAN SE

13.2 Wartsila

13.3 Caterpillar

13.4 Volvo Group

13.5 Deutz AG

13.6 Hyundai Heavy Industries

13.7 Cummins

13.8 Rolls-Royce

13.9 John Deere

13.10 Yanmar Holdings

13.11 Mitsubishi Heavy Industries

13.12 GE Transportation

13.13 Daihatsu Diesel MFG

13.14 IHI Power System

13.15 Fairbanks Morse

13.16 Japan Engine Corporation

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

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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NEW YORK--(BUSINESS WIRE)--EnfraGen, LLC ("EnfraGen"), a developer, owner, and operator of grid stability and value-added renewable power and assets in Latin America, jointly owned by Glenfarne Group and Partners Group, on behalf of its clients, announced today the close of its acquisition of Termovalle S.A.S. E.S.P., the largest natural gas-fired plant in Western Colombia. The sellers are Juneau Business Inc., Termovalle Investment Limited, Altra Private Equity Fund II LP, Altra Private Equity Fund II-A, Fondo de Capital Privado Altra FCP II and Altra Investments II GP Inc. With an installed capacity of 241 MW, the acquisition brings EnfraGen’s portfolio of operating and in-construction power assets to a combined capacity of approximately 1.7 GW. Following the acquisition, Termovalle will be renamed Prime Termovalle S.A.S. E.S.P.

Termovalle is the most efficient gas-fired plant in Colombia and benefits from dual-fuel technology. Located in Palmira, Termovalle provides essential capacity and energy to the Colombian electrical system and is strategically located to benefit from the planned LNG import terminal proposed by the Colombian government.

EnfraGen operates its grid stability portfolio in Colombia under the brand name Prime Energía, which also includes the 610 MW Termoflores natural gas-fired plant in Barranquilla acquired in 2019.

Brendan Duval, CEO of EnfraGen and Managing Partner of Glenfarne Group said, “Our grid stability portfolio across investment-grade Latin America, designed to support the accelerating adoption of renewables, has grown significantly over the past few years, and positions EnfraGen at the heart of the energy transition process. The Termovalle acquisition expands and diversifies EnfraGen’s presence in Colombia, reinforcing our commitment to Colombia’s energy transformation and providing confidence and optimism around our ability to expand to this important and attractive market. The acquisition also provides EnfraGen with synergies and additional operating leverage and efficiency across the Prime Energía Colombia business.”

Ed Diffendal, Managing Director, Private Infrastructure Americas, Partners Group, added, “The Termovalle acquisition furthers EnfraGen’s growth and is symbolic of the robust pipeline of accretive opportunities in Latin America, core to Partners Group's transformational investment strategy for the platform. We believe EnfraGen’s business model focusing on critical grid stability and value-added renewable assets will continue to bring new opportunities for the business and further EnfraGen's standing as one of the most important energy infrastructure companies in Latin America.”

EnfraGen completed the purchase through its wholly owned subsidiary EnfraGen Energía Sur.

Paul Hastings served as US legal advisor and Gómez-Pinzón served as Colombian local legal advisor to EnfraGen.

BNP Paribas acted as financial advisor to the sellers. Philippi Prietocarrizosa Ferrero DU & Uría served as Colombian legal advisor and Simpson Thacher & Bartlett served as US legal advisor to the sellers.

EnfraGen, through its Prime Energía division in Chile, also owns five operating grid stability plants with a total installed capacity of 409 MW, and five grid stability plants under construction with an estimated total installed capacity of 375 MW. The Company recently announced its successful refinancing of more than US$1.7 billion to consolidate its assets in Latin America.

About EnfraGen, LLC

EnfraGen is a developer, owner, and operator of grid stability and value-added renewable energy infrastructure businesses across Latin American investment-grade countries. EnfraGen’s grid stability assets supply flexible capacity and energy to local and regional grids in support of renewable power plant intermittent energy production. EnfraGen’s renewable plants are smaller scale, distributed solar photovoltaic and hydroelectric assets that take advantage of unique access points to electrical infrastructure or are located in optimized geographical locations. The business’ mission is to support the transition to zero-carbon emission electric grids.

EnfraGen is jointly controlled by Glenfarne Group, LLC and global private markets investment manager Partners Group, on behalf of its clients, and has operational and in-construction assets across its subsidiaries totaling over 1.4 GW of installed capacity. The company, including its affiliates and subsidiaries, is supported by a team of approximately 275 professionals. EnfraGen maintains offices and assets in Chile, Panama, Colombia, and the United States.

About Prime Energía

Prime Energía, an EnfraGen company, develops and operates back-up and grid stability energy infrastructure assets throughout Chile and Colombia. Prime Energía is dedicated to advancing Latin America’s energy transition contributing investment, technical expertise, and operational excellence to the transformation of the sector and key players in Colombia. Prime Energía began operations in Colombia in 2019 through the acquisition of the Termoflores power plant in Barranquilla, which has an installed capacity of 610 megawatts. Through Termoflores and Termovalle, we provide reliable back-up power in the predominantly hydroelectric Colombian power system and support the national grid primarily during the dry season to ensure a secure supply of energy.

About Glenfarne Group, LLC

Glenfarne is a privately held energy and infrastructure development and management firm based in New York City and Houston, Texas with offices in Panama City, Panama; Santiago, Chile and Bogota, Colombia. Glenfarne's seasoned executives, asset managers and operators develop, acquire, manage and operate energy and infrastructure assets throughout North and South America and Asia. For more information, please visit www.glenfarnegroup.com.

About Partners Group

Partners Group is a leading global private markets investment manager. Since 1996, the firm has invested over USD 145 billion in private equity, private real estate, private debt and private infrastructure on behalf of its clients globally. Partners Group is a committed, responsible investor and aims to create broad stakeholder impact through its active ownership and development of growing businesses, attractive real estate and essential infrastructure. With over USD 109 billion in assets under management as of 31 December 2020, Partners Group serves a broad range of institutional investors, sovereign wealth funds, family offices and private individuals globally. The firm employs more than 1,500 diverse professionals across 20 offices worldwide and has regional headquarters in Baar-Zug, Switzerland; Denver, USA; and Singapore. It has been listed on the SIX Swiss Exchange since 2006 (symbol: PGHN). For more information, please visit www.partnersgroup.com or follow us on LinkedIn or Twitter.

Kris Cole
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• As of December 31, 2020, cash and cash equivalents of $68.9 million
• Full year 2020 revenue, net loss and adjusted EBITDA^A of $310.9 million, $(378.9) million and $(25.8) million, respectively
• Revenue, net loss and adjusted EBITDA of $62.0 million, $(35.4) million and $(13.9) million, respectively, for the fourth quarter of 2020
• Fourth quarter 2020 basic loss per share of $(1.18)

HOUSTON--(BUSINESS WIRE)--Nine Energy Service, Inc. ("Nine" or the "Company") (NYSE: NINE) reported fourth quarter 2020 revenues of $62.0 million, net loss of $(35.4) million and adjusted EBITDA of $(13.9) million. For the fourth quarter 2020, adjusted net loss^B was $(35.7) million, or $(1.20) adjusted basic loss per share^C.

“As anticipated, holiday and weather shutdowns were not as pronounced as we have seen historically during the fourth quarter,” said Ann Fox, President and Chief Executive Officer, Nine Energy Service. “Activity improvements are reflected in our 25% increase in revenue quarter over quarter; however, a combination of continued pricing pressure, as well as one-off, non-cash items negatively affected net loss and adjusted EBITDA.”

“The market continues to face unparalleled uncertainty and heightened volatility. Throughout 2020, we were always balancing the short, medium, and long-term needs of the Company including making significant cost-reductions to preserve liquidity, but also maintaining key people, assets, and our footprint in order not to impede the future earnings of the Company. Although profitability was down year over year in conjunction with activity, we were able to demonstrate our ability to flex with the market and preserve liquidity through good working capital management and ended the year with a cash balance of $68.9 million and an undrawn ABL. We were also able to reduce our debt through opportunistic bond buybacks at approximately 27% of par value.”

“Operationally, our team once again demonstrated their ability to gain market share, growing our percentage of US stages completed from approximately 17% in 2019 to approximately 23% in 2020. We organically expanded our cementing service line into the Haynesville and continue to be pleased with the adoption of our dissolvable plugs, despite an unprecedented backdrop for commercializing new technology. Additionally, despite a year with new protocols and ways of working, Nine ended the year with the lowest TRIR in the Company’s history of 0.30.”

“While we have seen improvement in the market throughout Q4 2020, we are still anticipating a very challenging environment in 2021 and expect E&P capital spend will be down year over year. Q1 2021 is off to a slower start as customers finalize their 2021 activity plans and many completion schedules are delayed. Additionally, the inclement weather in Texas caused significant shutdowns within all service lines. Texas weather-related shutdowns in February aside, we anticipate the pace of Q1 activity and revenue will be better sequentially than Q4, but still expect to generate a net loss and negative adjusted EBITDA for the quarter. For Nine, we will continue to flex with the market and our strategy is unchanged. We are focused on building an asset-light business with high barriers to entry and will continue to differentiate through our service execution and leading technology.”

Operating Results

For the year ended December 31, 2020, the Company reported revenues of $310.9 million, net loss of $(378.9) million, or $(12.74) per basic share, and adjusted EBITDA of $(25.8) million. Full year 2020 adjusted net loss was $(118.1) million, or $(3.97) per adjusted basic share. For the full year 2020, the Company reported adjusted gross profit^D of $8.7 million. For the year ended December 31, 2020, the Company generated ROIC^E of (16)%.

During the fourth quarter of 2020, the Company reported revenues of $62.0 million with adjusted gross loss of $(5.0) million. During the fourth quarter, the Company generated ROIC of (35)%.

During the fourth quarter of 2020, the Company reported selling, general and administrative (“SG&A”) expense of $11.0 million, compared to $10.7 million for the third quarter of 2020. For the year ended December 31, 2020, the Company reported SG&A expense of $49.3 million, compared to year ended December 31, 2019 SG&A expense of $81.3 million. Depreciation and amortization expense ("D&A") in the fourth quarter of 2020 was $11.8 million, compared to $11.9 million for the third quarter of 2020. For the year ended December 31, 2020, the Company reported D&A expense of $48.9 million, compared to year ended December 31, 2019 D&A expense of $68.9 million.

The Company recognized an income tax benefit of approximately $0.1 million in the fourth quarter of 2020 and an overall income tax benefit for the year of approximately $2.5 million, resulting in an effective tax rate of 0.6% for 2020. The 2020 income tax benefit is primarily comprised of changes to our valuation allowance position due to impairment recorded during the first quarter of 2020, as well as tax benefit from the five-year net operating loss carryback provision provided by the Coronavirus Aid, Relief, and Economic Security Act signed into law during the first quarter of 2020.

Liquidity and Capital Expenditures

For the year ended December 31, 2020, the Company reported net cash used in operating activities of $(4.9) million. For the year ended December 31, 2020, the Company reported total capital expenditures of $10.2 million, which fell within Management’s guidance of $10-$15 million, compared to the year ended December 31, 2019 total capital expenditures of $62.1 million.

As of December 31, 2020, Nine’s cash and cash equivalents were $68.9 million, and the Company had $37.9 million of availability under the revolving credit facility, which remains undrawn, resulting in a total liquidity position of $106.8 million as of December 31, 2020.

^ABCDESee end of press release for definitions

Conference Call Information

The call is scheduled for Monday, March 8, 2021 at 9:00 am Central Time. Participants may join the live conference call by dialing U.S. (Toll Free): (877) 524-8416 or International: (412) 902-1028 and asking for the “Nine Energy Service Earnings Call”. Participants are encouraged to dial into the conference call ten to fifteen minutes before the scheduled start time to avoid any delays entering the earnings call.

For those who cannot listen to the live call, a telephonic replay of the call will be available through March 22, 2021 and may be accessed by dialing U.S. (Toll Free): (877) 660-6853 or International: (201) 612-7415 and entering the passcode of 13715295.

About Nine Energy Service

Nine Energy Service is an oilfield services company that offers completion solutions within North America and abroad. The Company brings years of experience with a deep commitment to serving clients with smarter, customized solutions and world-class resources that drive efficiencies. Serving the global oil and gas industry, Nine continues to differentiate itself through superior service quality, wellsite execution and cutting-edge technology. Nine is headquartered in Houston, Texas with operating facilities in the Permian, Eagle Ford, SCOOP/STACK, Niobrara, Barnett, Bakken, Marcellus, Utica and Canada.

For more information on the Company, please visit Nine’s website at nineenergyservice.com.

Forward Looking Statements

The foregoing contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are those that do not state historical facts and are, therefore, inherently subject to risks and uncertainties. Forward-looking statements also include statements that refer to or are based on projections, uncertain events or assumptions. The forward-looking statements included herein are based on current expectations and entail various risks and uncertainties that could cause actual results to differ materially from those forward-looking statements. Such risks and uncertainties include, among other things, the severity and duration of the COVID-19 pandemic, related economic repercussions and the resulting negative impact on demand for oil and gas; the current significant surplus in the supply of oil and the ability of the OPEC+ countries to agree on and comply with supply limitations; the duration and magnitude of the unprecedented disruption in the oil and gas industry currently resulting from the impact of the foregoing factors, which is negatively impacting our business; operational challenges relating to the COVID-19 pandemic and efforts to mitigate the spread of the virus, including logistical challenges, protecting the health and well-being of our employees, remote work arrangements, performance of contracts and supply chain disruptions; pricing pressures, reduced sales, or reduced market share as a result of intense competition in the markets for the Company’s dissolvable plug products; the Company’s ability to implement and commercialize new technologies, services and tools; the Company’s ability to grow its completion tool business; the Company’s ability to reduce capital expenditures; the Company’s ability to accurately predict customer demand; the loss of, or interruption or delay in operations by, one or more significant customers; the loss of or interruption in operations of one or more key suppliers; the adequacy of the Company’s capital resources and liquidity; the incurrence of significant costs and liabilities resulting from litigation; the loss of, or inability to attract, key personnel; the Company’s ability to successfully integrate recently acquired assets and operations and realize anticipated revenues, cost savings or other benefits thereof; and other factors described in the “Risk Factors” and “Business” sections of the Company’s most recently filed Annual Report on Form 10-K and subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof, and, except as required by law, the Company undertakes no obligation to update those statements or to publicly announce the results of any revisions to any of those statements to reflect future events or developments.

^AAdjusted EBITDA is defined as net income (loss) before interest, taxes, and depreciation and amortization, further adjusted for (i) property and equipment, goodwill, and/or intangible asset impairment charges, (ii) transaction and integration costs related to acquisitions, (iii) loss or gain on revaluation of contingent liabilities, (iv) gain on the extinguishment of debt, (v) loss or gain on the sale of subsidiaries, (vi) restructuring charges, (vii) stock-based compensation expense, (viii) loss or gain on sale of property and equipment, and (ix) other expenses or charges to exclude certain items which we believe are not reflective of ongoing performance of our business, such as legal expenses and settlement costs related to litigation outside the ordinary course of business. Management believes Adjusted EBITDA is useful because it allows us to more effectively evaluate our operating performance and compare the results of our operations from period to period without regard to our financing methods or capital structure and helps identify underlying trends in our operations that could otherwise be distorted by the effect of the impairments, acquisitions and dispositions and costs that are not reflective of the ongoing performance of our business.

^BAdjusted Net Income (Loss) is defined as net income (loss) adjusted for (i) property and equipment, goodwill, and/or intangible asset impairment charges, (ii) transaction and integration costs related to acquisitions, (iii) restructuring charges, (iv) loss or gain on the sale of subsidiaries, (v) gain on the extinguishment of debt and (vi) tax impact of such adjustments. Management believes Adjusted Net Income (Loss) is useful because it allows us to more effectively evaluate our operating performance and compare the results of our operations from period to period and helps identify underlying trends in our operations that could otherwise be distorted by the effect of the impairments and acquisitions.

^CAdjusted Basic Earnings (Loss) Per Share is defined as adjusted net income (loss), divided by weighted average basic shares outstanding. Management believes Adjusted Basic Earnings (Loss) Per Share is useful because it allows us to more effectively evaluate our operating performance and compare the results of our operations from period to period and help identify underlying trends in our operations that could otherwise be distorted by the effect of the impairments and acquisitions.

^DAdjusted Gross Profit (Loss) is defined as revenues less direct and indirect cost of revenues (excluding depreciation and amortization). This measure differs from the GAAP definition of gross profit (loss) because we do not include the impact of depreciation and amortization, which represent non-cash expenses. Our management uses adjusted gross profit (loss) to evaluate operating performance. We prepare adjusted gross profit (loss) to eliminate the impact of depreciation and amortization because we do not consider depreciation and amortization indicative of our core operating performance.

^EReturn on Invested Capital (“ROIC”) is defined as after-tax net operating profit (loss), divided by average total capital. We define after-tax net operating profit (loss) as net income (loss) plus (i) property and equipment, goodwill, and/or intangible asset impairment charges, (ii) transaction and integration costs related to acquisitions, (iii) interest expense (income), (iv) restructuring charges, (v) loss or gain on the sale of subsidiaries, (vi) gain on extinguishment of debt, and (vii) the provision or benefit for deferred income taxes. We define total capital as book value of equity plus the book value of debt less balance sheet cash and cash equivalents. We compute the average of the current and prior period-end total capital for use in this analysis. Management believes ROIC provides useful information because it quantifies how well we generate operating income relative to the capital we have invested in our business and illustrates the profitability of a business or project taking into account the capital invested. Management uses ROIC to assist them in making capital resource allocation decisions and in evaluating business performance.

Nine Energy Service Investor Contact:
Heather Schmidt
Vice President, Strategic Development, Investor Relations and Marketing
(281) 730-5113
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COLUMBIA, Md.--(BUSINESS WIRE)--GSE Systems, Inc. (“GSE Solutions” or “GSE”) (Nasdaq: GVP), a leader in delivering and supporting engineering, compliance, simulation, training and workforce solutions that support decarbonization of the power industry, today announced that it will be hosting a virtual User’s Conference for existing EnVision On-Demand customers to share best practices and innovative ideas.

The EnVision User’s Conference is scheduled for March 9-10 with the theme Making Our Workforce Better – Together. This will be a truly international conference with attendees from more than ten countries, with some of the world’s largest energy companies attending and sharing their successes using EnVision. The conference is designed to show leaders and users new and innovative ways to use EnVision simulators to promote critical thinking and situational awareness.

EnVision is a Software as a Service (SaaS) workforce development solution. It is used by more than 12,000 people around the world, allowing them to learn and train on critical operations anytime, anywhere. EnVision combines computer-based tutorials with high-fidelity simulation models for industry and academic institutions to safely teach operating fundamentals in addition to specialized operational skills.

“We are dedicated to our customers and helping them achieve operational excellence,” said Kyle Loudermilk, President and CEO of GSE Solutions. “Our EnVision User’s Conferences provide a unique format for our clients to share ideas and best practices for using our products that drive professional development for improved safety in their environment.”

GSE EnVision User’s Conference is for GSE users and invited guests only.

ABOUT GSE SOLUTIONS

We are the future of operational excellence in the power industry. As a collective group, GSE Solutions leverages top skills, expertise, and technology to provide highly specialized solutions that allow customers to achieve the performance they imagine. Our experts deliver and support end-to-end training, engineering, compliance, simulation, and workforce solutions that help the power industry reduce risk and optimize plant operations. GSE is proven, with over four decades of experience, more than 1,100 installations, and hundreds of customers in over 50 countries spanning the globe. www.gses.com

Media Contact
Sunny DeMattio, GSE Solutions
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Investor Contact
Kalle Ahl, The Equity Group
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LONDON--(BUSINESS WIRE)--Argo Blockchain, a global leader in cryptocurrency mining (LSE: ARB), is pleased to provide a further update to its previously announced non-binding Letter of Intent with DPN LLC of New York, which set out the terms for Argo to acquire 320 acres of land in West Texas, USA. The Company has now completed the acquisition of DPN LLC and as a result, has acquired the land.

The acquisition of DPN LLC (by way of a merger with a wholly owned subsidiary of Argo) gives Argo access to up to 800-megawatts of electrical power, where Argo intends to build a new 200mw mining facility over the next 12 months. This facility will provide Argo with what it believes are some of the lowest electricity rates in the world, the majority of which is from renewable sources.

The consideration for the acquisition was an initial price of US$5M, satisfied by the issue and allotment to the shareholders of DPN LLC of 3,497,817 new ordinary shares in Argo, with up to a further US$12.5m in shares at a predetermined price being payable if certain contractual milestones related to the facility are fulfilled.

Peter Wall, Chief Executive of Argo Blockchain, said: “Argo’s purchase of land in Texas represents a significant milestone for the Company and is a cause for celebration. It not only gives us greater control over our mining operations but also the ability to meaningfully expand our mining capacity on a large scale. We now have access to some of what we believe is the cheapest renewable energy worldwide, in a location where innovation in new technologies is encouraged and incentivised.”

XMS Capital Partners, LLC acted as a financial advisor to Argo Blockchain in connection with the transaction.

Application will be made for the 3,497,817 new Ordinary Shares to be admitted to the standard segment of the Official List and to trading on the Main Market of the London Stock Exchange. Admission is expected to occur at 8:00 a.m. on 11 March 2021. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares of the Company.

Following Admission, the total number of Ordinary Shares in issue will be 368,361,690 and the total number of voting rights will therefore be 368,361,690. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Argo Blockchain plc is a global leader in cryptocurrency mining with one of the largest and most efficient operations powered by clean energy. The Company is headquartered in London, UK and its shares are listed on the Main Market of the London Stock Exchange under the ticker: ARB and on the OTCQX Best Market in the United States under the ticker: ARBKF.

argoblockchain.com

North America
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Europe
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Emma Valgimigli
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DUBLIN--(BUSINESS WIRE)--The "Global Market for Hydrogen Fueling Stations, 2021" report has been added to ResearchAndMarkets.com's offering.

With 584 hydrogen stations deployed by year-end 2020, the hydrogen fueling station market is witnessing a dramatic acceleration in growth

The deployments of the stations in several markets are in full swing, solidifying prospects for large-scale consumer adoption of fuel cell vehicles (FCVs).

The deployment activity is particularly brisk in Asia-Pacific, where Japan is the clear leader with close to 150 hydrogen stations deployed. However, the fastest growth is in China where more than a hundred hydrogen stations have gone into operation.

South Korea, Austria and Denmark are the first countries where enough hydrogen stations have been deployed to allow an FCV to travel across the country. In the U.S., hydrogen station deployments in California allow an FCV to travel anywhere in the state and be supported by the hydrogen fueling network.

In Europe, the real charge for hydrogen station deployments has been led by Germany. In addition, France and the Netherlands are seeing a rapid uptake in deployments.

In the U.S., California is seeking to further expand its hydrogen station deployments, and in the northeast, a hydrogen station network is rapidly emerging. In the Midwest, Ohio has seen an uptick in deployments.

As hydrogen fuel cell buses and trucks garner greater market acceptance, hydrogen stations for heavy-duty transportation are increasingly being deployed. In the upcoming years, hydrogen fuel cells will begin to be used to drive trains, aircraft, and maritime vessels, further driving the growth of hydrogen stations.

The sums of money being poured into hydrogen station deployments are staggering, mostly raised through public-private partnerships. The deployments portend well for the uptake of hydrogen fuel cell vehicles, including cars, buses, and trucks. By 2035, hydrogen stations will blanket most of the United States, Western Europe, China, Japan, and South Korea.

In 2020, over 50 percent of the hydrogen stations were in Asia-Pacific, and more than one-third were in Europe.

In 2035, the distribution of hydrogen stations will be more even, but Asia-Pacific will continue to lead the market, followed by Europe.

Key Topics Covered

1. Executive Summary

2. Scope of the Study

3. Hydrogen Fueling Infrastructure

3.1 Global Overview

3.2 Global Deployments

3.3 Organizations

3.3.1 Hydrogen Council

3.3.2 IPHE

4. Asia-Pacific

4.1 Hydrogen Station Deployments

4.2 Organizations

4.2.1 International Hydrogen and Fuel Cell Association

4.2.2 Asia-Pacific Hydrogen Association

4.3 Country Activity

4.3.1 Australia

4.3.2 China

4.3.3 India

4.3.4 Japan

4.3.5 Malaysia

4.3.6 South Korea

4.3.7 Taiwan

4.3.8 Other APAC Countries

5. EMEA

6. Europe (Minus Nordic Countries)

6.1 Deployments

6.2 Organizations

6.2.1 Fuel Cells and Hydrogen Joint Undertaking

6.2.2 Hydrogen Europe

6.2.3 Hydrogen Europe Research

6.2.4 Hydrogen Mobility Europe

6.2.5 COHRS

6.2.6 TEN-T

6.2.7 HIT Project

6.2.8 HIT-2 Project

6.2.9 H2 Nodes

6.2.10 HyFIVE

6.2.11 SWARM

6.2.12 H2FUTURE

6.2.13 High V.LO-City Project

6.2.14 HyFLEET:CUTE

6.2.15 Zero Regio Project

6.2.16 H2PiyR

6.3 Country Activity

6.3.1 Austria

6.3.2 Belgium

6.3.3 Czech Republic

6.3.4 Estonia

6.3.5 France

6.3.6 Germany

6.3.7 Italy

6.3.8 Ireland

6.3.9 Latvia

6.3.10 The Netherlands

6.3.11 Poland

6.3.12 Slovenia

6.3.13 Spain

6.3.14 Switzerland

6.3.15 The U.K.

6.3.16 Other European Countries

7. Nordic Region

7.1 Deployments

7.2 Organizations

7.2.1 Nordic Hydrogen Partnership

7.2.2 Nordic Hydrogen Corridor

7.3 Country Activity

7.3.1 Denmark

7.3.2 Finland

7.3.3 Iceland

7.3.4 Norway

7.3.5 Sweden

8. Middle East & Africa

8.1 Deployments

8.2 Country Activity

8.2.1 Israel

8.2.2 Other MEA Countries

9. The Americas

9.1 Hydrogen Stations Deployments

9.1.1 Market Overview

9.1.2 Hydrogen Highway and Fueling Stations

9.2 Government Policies and Initiatives

9.3 Western U.S.

9.3.1 Overview

9.3.2 Industry Organizations

9.3.3 Government Policies and Initiatives

9.3.4 Hydrogen Station Buildout

9.3.5 Related Initiatives

9.4 Eastern U.S.

9.4.1 Overview

9.4.2 Industry Organizations

9.4.3 Government Policies and Initiatives

9.4.4 Hydrogen Station Buildout

9.5 Canada

9.5.1 Overview

9.5.2 Industry Organizations

9.5.3 Government Policies and Initiatives

9.5.4 Hydrogen Station Buildout

9.5.5 Related Initiatives

9.6 Latin America

9.6.1 Brazil

9.6.2 Other Latin American Countries

10. Hydrogen Station Vendors

10.1 Overview

10.2 Major Companies

10.2.1 Air Liquide

10.2.2 Air Products and Chemicals, Inc.

10.2.3 Ballard Power Systems

10.2.4 British Petroleum

10.2.5 FuelCell Energy, Inc.

10.2.6 Hydrogenics Corporation

10.2.7 ITM Power

10.2.8 The Linde Group

10.2.9 Nel Hydrogen

10.2.10 Nuvera Fuel Cells

10.2.11 Plug Power

10.2.12 Shell

10.2.13 Other Companies

11. Market Forecasts

11.1 Overview

11.2 Hydrogen Station Deployments

11.2.1 Global Hydrogen Station Deployments

11.2.2 APAC Hydrogen Station Deployments

11.2.3 EMEA Hydrogen Station Deployments

11.2.4 Americas Hydrogen Station Deployments

11.3 Hydrogen Station Revenue

11.3.1 Global Revenue of Hydrogen Stations

11.3.2 APAC Hydrogen Station Revenue

11.3.3 EMEA Hydrogen Station Revenue

11.3.4 Americas Hydrogen Station Revenue

12. Conclusions

12.1 Hydrogen as a Fuel

12.2 Rollout of FCVs

12.3 Hydrogen Station Deployments

12.4 Funding Requirements

12.5 Customer Experience

12.6 Other Findings

Companies Mentioned

• Air Liquide
• Air Products and Chemicals, Inc.
• Ballard Power Systems
• British Petroleum
• Chart Industries
• FirstElement Fuel Inc.
• FuelCell Energy, Inc.
• HTEC
• Hydrogenics Corporation
• ITM Power
• Millennium Reign Energy
• Nel Hydrogen
• Nuvera Fuel Cells
• PitPoint Clean Fuels
• Plug Power
• PowerTap Hydrogen Fueling Corp.
• Powertech Labs Inc.
• Resato
• Shanghai Hyfun
• Shell
• The Linde Group

For more information about this report visit https://www.researchandmarkets.com/r/p7hagx

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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