4G continues to dominate, 5G IoT growth will be gradual
BOSTON--(BUSINESS WIRE)--According to the latest research from Strategy Analytics, 5G comprised less than 1% of IoT connections in 2020 but will rise to 40% of all the overall connections by 2030, as highlighted in its most recent IoT Market Forecast and Analysis report. The majority of 5G connections will not be significant until 2026, with 4G remaining the dominant technology over the forecast period.
2020 witnessed slower than expected growth due to the Covid-19 pandemic, with a slight increase in overall connections. Strategy Analytics expects similar connection growth rates in 2021, with the pandemic highlighting the need for investment in telehealth, especially remote patient monitoring, and diagnostics.
Andrew Brown, Executive Director of Enterprise and IoT Research at Strategy Analytics, said “The adoption of 5G will likely happen in different stages in the largest markets, with eMBB (enhanced Mobile Broadband) reaching mass adoption first, uRLLC (ultra-Reliable and Low Latency Communication) gaining traction soon afterward, and mMTC (massive Machine Type Communication) showing the longest tail. Adoption will be determined not only by application needs, but by the availability of 5G chipsets, the speed and coverage of 5G network deployments, as well as the evolution of regulations. Even as 5G develops, 4G will continue to co-exist, provide extensive coverage at lower cost and remain very important in the IoT”
David Kerr, Senior Vice President of the Global Wireless Practice at Strategy Analytics added, “The tipping point for 5G in IoT occurs when support for mMTC, a price decline in hardware and widespread network coverage, sees NB IoT and Cat M folded into 5G standards and devices. For this reason, we think the pivot to 5G in IoT will be a gradual one, rather than a dramatic shift.”
The full reports: IoT Market Forecast and Analysis, IoT Cellular Connections by Air Interface by Region and IoT Cellular Connections by Air Interface by Vertical are published by Strategy Analytics IoT Strategies (IoT) service, details of which can be found here: https://www.strategyanalytics.com/access-services/enterprise/iot/about-iot
About Strategy Analytics
Strategy Analytics, Inc. is a global leader in supporting companies across their planning lifecycle through a range of customized market research solutions. Our multi-discipline capabilities include: industry research advisory services, customer insights, user experience design and innovation expertise, mobile consumer on-device tracking and business-to-business consulting competencies. With domain expertise in: smart devices, connected cars, intelligent home, service providers, IoT, strategic components and media, Strategy Analytics can develop a solution to meet your specific planning need. For more information, visit us at www.strategyanalytics.com
Source: Strategy Analytics, Inc.
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HOUSTON--(BUSINESS WIRE)--Flame Acquisition Corp. (the “Company”) announced today the closing of its initial public offering of 28,750,000 units, which included the full exercise of the underwriters’ over-allotment option, at a price of $10.00 per unit, resulting in gross proceeds of $287,500,000. The units began trading on The New York Stock Exchange (“NYSE”) under the ticker symbol “FLME.U” on February 25, 2021. Each unit issued in the offering consists of one share of the Company’s Class A common stock and one-half of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one share of Class A common stock at an exercise price of $11.50 per share, subject to certain adjustments. After the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on the NYSE under the symbols “FLME” and “FLME.WS,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade.
Cowen and Intrepid Partners served as joint book-running managers for the offering.
The offering was made only by means of a prospectus. Copies of the prospectus may be obtained from Cowen, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, Attn: Prospectus Department, telephone at (833) 297-2926, email at This email address is being protected from spambots. You need JavaScript enabled to view it..
A registration statement relating to these securities has been filed with the Securities and Exchange Commission (“SEC”) and became effective on February 24, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Flame Acquisition Corp.
Flame Acquisition Corp., led by James C. Flores, is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses in the energy industry in North America.
Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements.,” Forward-looking statements are subject to numerous conditions, risks and changes in circumstances, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company’s registration statement, as amended from time to time, and prospectus for the offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. Any forward-looking statement in this press release speaks only as of the date of this press release. The Company undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by applicable securities laws.
Investor Contact:
Caldwell Flores
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ExxonMobil’s Recent Announcements Are Significant Positive Developments for All Shareholders
NEW YORK--(BUSINESS WIRE)--The D. E. Shaw group, which manages funds that have been shareholders in Exxon Mobil Corp. (the “Company,” or “Exxon”) (NYSE: XOM) for over 10 years, expressed its support for the addition of Jeffrey Ubben and Michael Angelakis to the Company’s Board of Directors as well as Exxon’s emphasis on cost and capital spending discipline.
Edwin Jager, Managing Director of D. E. Shaw & Co., L.P., said, “We welcome today’s additions to the Exxon Board of Directors. We believe these individuals will bring significant capital markets and capital allocation experience to the boardroom and will provide meaningful value to the Company as it focuses on its investment priorities while navigating the transition to a low-carbon future.”
Michael O’Mary, Managing Director of D. E. Shaw & Co., L.P., said, “We also welcome the steps Exxon has taken to identify $6 billion in permanent, structural cost savings, and we believe the Company will be able to identify additional areas to improve its productivity and enhance its cash flow profile during this period of significant industry transition. We are encouraged by these important steps, and we also believe there will be opportunities to reinvest a portion of these cash flows in emerging and high return carbon abatement technologies and strategies. We look forward to continuing our constructive dialogue with Exxon’s management team and Board of Directors.”
About the D. E. Shaw Group
The D. E. Shaw group is a global investment and technology development firm with more than $55 billion in investment and committed capital as of December 1, 2020, and offices in North America, Europe, and Asia. Since our founding in 1988, our firm has earned an international reputation for successful investing based on innovation, careful risk management, and the quality and depth of our staff. We have a significant presence in the world's capital markets, investing in a wide range of companies and financial instruments in both developed and developing economies.
# # #
This press release is provided for the reader’s information only and does not constitute investment advice or convey an offer to sell, or the solicitation of an offer to buy, any securities or other financial products.
Please also note that this press release has not been updated since its dateline for any information contained in it that may have changed, including any beliefs and/or opinions. In addition, no assurances can be given that any aims, assumptions, expectations, and/or goals expressed or implied in this release were or will be realized or that the activities or any performance described herein have continued or will continue at all or in the same manner as described in this press release.
Past performance should not be considered indicative of future performance.
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The #1 provider of electric-powered school buses reaffirms its leadership stance in providing safe, zero-emissions transportation for students
FORT VALLEY, Ga.--(BUSINESS WIRE)--School bus manufacturer Blue Bird Corporation, with its commitment to move bus fleets to clean-power solutions, has now exceeded 400 electric-powered school buses delivered or on order. With momentum building, electric-bus sales are expected to increase further before the end of 2021.
With more than 400 electric-powered school buses delivered or ordered in the last three years, Blue Bird is the only manufacturer that produces and sells today all three school-bus body configurations in EV, namely Type A, C and D buses.
“We achieved almost three-fold growth in electric bus sales last year and are pleased to see fast-paced growth again as we start off 2021,” said Phil Horlock, president and CEO of Blue Bird Corporation. “Our commitment to providing safe, clean-power transportation for our children is not new to us. We have more than 19,000 low-emissions Blue Bird propane buses on the road, 4-times the number of all of our competitors combined, transporting more than a million children to school each day. The shift to zero-emissions transportation is a reality and a commitment for us. With more than 7,000 active customers today, we’re excited to be leading the industry move toward zero-emissions school buses. I would expect to see the number of Blue Bird electric buses on the road grow to over 1,000 next year.”
Blue Bird’s zero-emissions, electric-powered school buses support the new federal initiatives on climate change. With President Biden’s announcement of his 100-day plan to get children back to school, as well as his plan to replace the federal fleet with American-made electric vehicles, Blue Bird expects municipalities to incorporate more zero-emissions vehicles into their existing transportation infrastructure, which includes more than 500,000 school buses.
Blue Bird’s EV Ecosystem helps dealers and school districts access funding, infrastructure and training, and provides the operating assistance needed to save them money while reducing emissions through the transition to EV buses. For more information about Blue Bird’s Electric bus line, visit www.blue-bird.com/electric.
About Blue Bird Corporation: Blue Bird (NASDAQ: BLBD) is the leading independent designer and manufacturer of school buses, with more than 550,000 buses sold since its formation in 1927 and approximately 180,000 buses in operation today. Blue Bird’s longevity and reputation in the school bus industry have made it an iconic American brand. Blue Bird distinguishes itself from its principal competitors by its singular focus on the design, engineering, manufacture and sale of school buses and related parts. As the only manufacturer of chassis and body production specifically designed for school bus applications, Blue Bird is recognized as an industry leader for school bus innovation, safety, product quality/reliability/durability, operating costs and drivability. Blue Bird has a rich history of binging new technology to the school bus space and is the undisputed leader in alternative-power school buses, having more than 20,000 low and zero emission buses on the road. Blue Bird manufactures school buses at two facilities in Fort Valley, Georgia. Its Micro Bird joint venture operates a manufacturing facility in Drummondville, Quebec, Canada. Service and after-market parts are distributed from Blue Bird’s parts distribution center located in Delaware, Ohio. For more information on Blue Bird’s complete line of buses, visit www.blue-bird.com.
Marketing
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SANTA MONICA, Calif.--(BUSINESS WIRE)--Informa Markets – Engineering, the battery and EV experts behind industry-leading online and live events, The Battery Show and Electric & Hybrid Vehicle Technology Expo (EV Tech Expo) in Novi, Michigan, and Stuttgart, Germany, today announced the launch of Battery Technology, a new digital media brand focused on the fast-growing battery and energy storage markets. The portfolio consists of:
To subscribe to the e-newsletters, future webinars, and other digital communications please visit batterytechonline.com/newsletter_signup.
“The unprecedented global demand for advanced battery technology marks a pivotal moment in the industry to innovate and adapt to these growing pressures from adjacent business sectors, including automotive, industrial, and much more,” said Barbara Vergetis Lundin, Battery Technology Content Director, Informa Markets. “Leveraging our deep expertise of the market from our leading event brands, The Battery Show and EV Tech Expo, we are excited to produce high-impact content that seeks to continually educate and inform the battery and EV communities of essential news, innovations, and industry happenings that drive the industry forward.”
Propelled by the growing use of electric and hybrid electric vehicles, rising adoption of battery technology in the renewable energy industry, and surging demand for automation and battery-operated material-handling equipment, the global battery technology market is expected to grow from $92.0 billion in 2020 to $152.3 billion by 2025, at a CAGR of 10.6%
Launched to help fuel this meteoric market growth, the Battery Technology digital media brand comes at the perfect time to provide the community with the invaluable information it needs to innovate and achieve this potential. Together with The Battery Show and EV Tech Expo events, the new media brand provides an unparalleled industry resource for educating and informing battery professionals of the emerging trends and technologies that will drive the development of next-generation automotive, industrial, portable, and stationary storage applications. Additional key coverage topics include charging, materials and technologies, testing and safety, and a range of design and manufacturing subjects, including thermal management, battery management systems, components, cells and packs, and automation and assembly, among others.
Battery Technology premier sponsors include Asahi Kasei America, Bitrode Corporation, Churod Americas Inc., Dow Chemical Corporation, Eaton, Epic Resins Corp., and RISE Robotics.
To learn more about Battery Technology, please visit batterytechonline.com.
Connect with Informa Markets – Engineering:
About Informa Markets – Engineering:
Informa Markets’ Engineering portfolio is the leading B2B event producer, publisher, and digital media business for the world's $3-trillion advanced, technology-based manufacturing industry. Our print and electronic products deliver trusted information to the engineering market and leverage our proprietary 1.3-million-name database to connect suppliers with buyers and purchase influencers. We produce more than 50 events and conferences in a dozen countries, connecting manufacturing professionals from around the globe. The Engineering portfolio is organized by Informa, the world’s leading exhibitions organizer that brings a diverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days of the year. For more information, please visit www.informamarkets.com.
Audrey Uchimoto, 310-496-9423, This email address is being protected from spambots. You need JavaScript enabled to view it.
Lauren Lloyd, 310-266-4792, This email address is being protected from spambots. You need JavaScript enabled to view it.
MADRID--(BUSINESS WIRE)--Exolum is the new brand name chosen by the CLH Group from now on to face its ambitious objectives for the future, focused on adapting its business to decarbonisation and the energy transition, the digitalisation of its activities and the fight against climate change.
This rebranding is due to the need to adapt to the new environment and to transform the company itself which, in addition to carrying out oil product storage and transport activities in Spain, has embarked on an international growth process and is now present in 7 other countries. The group has expanded its activity to the storage, management and transportation of liquid products, especially chemical products, operating in new sectors, such as eco-fuels, the circular economy and the development of new energy vectors.
The new name, simple but modern, shows a spirit where innovation is the key. The Exolum brand was originally devised as the CLH Group subsidiary dedicated to entrepreneurship and innovation. However, after several studies and proposals, the brand was selected to identify the company as a whole because “Exolum represents what we want to be and the way we are evolving: we are a large international company with over 2,000 employees, with a track record of almost 100 years and an extremely high level of excellence in the provision of our services,” emphasises the chairman of Exolum, José Luis López de Silanes.
In recent years, the CLH Group has experienced a series of notable changes, mainly focused on sustainable diversification, both of the geographical areas where it operates and the services offered to customers, over and above hydrocarbon logistics. Therefore, it became necessary to renew the brand and align it with this new era of the company. “We want these initiatives for diversification and adaptation of the company to be aligned with the new challenges of the sector with a change in our corporate identity that reflects our growth and leadership,” explains Jorge Lanza, CEO of Exolum. “This brand reflects the transformation process that we are going through internally, to align with the company’s new business models and transmit our company values. These values are innovation and trust, reflecting the open and flexible way that we face the future, promoting new business opportunities committed to the development and sustainability of the planet.”
In addition, the brand is easily recognised in any language and therefore the company will use this one name for all its business, both in Spain and six other countries where it currently operates (United Kingdom, Ireland, Germany, Netherlands, Panama and Ecuador. In Oman, it will continue to operate with the joint venture OQ Logistics), thus reinforcing the global identity of the group and creating a great brand that is sound, international and unifying.
This is the company’s third name change, after Campsa and, from the early nineties, CLH. These brands were closely linked to the hydrocarbon sector and benefited from considerable prestige among customers and professionals, with values such as quality and guaranteed supply, following the excellent work performed by the company throughout its history. “This new brand is another milestone on our journey and renews our commitment to our customers and to society as a whole,” affirms Jorge Lanza. “We understood that this was the natural step we had to take in the setting of our commitment to the international expansion and diversification of the business.”
With Exolum, the company sets itself a challenge to maintain the same level of recognition, extending it to the public at large, adapted to meet the aim of the company: “We create innovative solutions to improve our world”.
Today, Exolum employs more than 2,300 professionals and operates in 8 countries managing a pipeline network of more than 6,000 kilometres, 68 storage terminals and 45 airport facilities, all with a total capacity of more than 11 million cubic metres.
Caroline Chouls
01372 224716
07966225303
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DUBLIN--(BUSINESS WIRE)--The "Global Renewable Methanol Market 2021-2028" report has been added to ResearchAndMarkets.com's offering.
Global market for renewable methanol, predicts that the industry is likely to witness a CAGR of 3.16% by revenue and 2.08% by volume over the forecasting duration of 2021-2028.
There has been a growing inclination towards the adoption of sustainable energy sources, which is one of the major growth-inducing factors for this market. Plus, the rigid governmental rules & regulations and the availability of renewable methanol are contributing to this growth. However, factors like the high costs required for the installation of these sources are hindering this growth process. Despite this, the industry has several opportunities for growth, which includes the usage of renewable methanol as a substitute to heave marine fuels.
REGIONAL OUTLOOK
The market in North America is expected to grow the fastest worldwide, over the forthcoming years. In this market, the US is expected to grow at the fastest rate. The share of renewable energy in generating power is on the rise in the US. The nation is the largest producer of biofuel in the world. Liquid biofuels and electric vehicles (EVs) are the two main technology options in the transport sector.
Moreover, high-speed trains that use renewable power instead of diesel-based trucks, or city trams for passenger cars, are the other available options for transport. These factors are leading to an enhanced demand for renewable methanol in the country, which is expected to help the market to grow in the years to come.
COMPETITIVE OUTLOOK
The main contenders in the renewable methanol market include Enerkem, Serenergy A/S, Southern Chemical Corporation, Fraunhofer, Advanced Chemical Technologies, Nordic Green, Carbon Recycling International (CRI), Methanex Corporation, OCI NV, BASF SE, Gujarat Narmada Valley Fertilizers & Chemicals Ltd, Oberon Fuels, Innogy, Atlantic Methanol, and Sodra.
Methanex Corporation is a Canadian company engaged in producing and supplying methanol to several markets across the globe, such as North America, South America, Europe, and the Asia-Pacific. In New Zealand, the company has three plants, through which it supplies methanol to customers, mainly in the APAC region.
Whereas, in Trinidad, it has two plants, named Atlas and Titan, through which it supplies methanol to markets worldwide. Methanex's Egypt-based joint venture is situated near the Mediterranean Sea, which primarily supplies the fuel to the domestic market and Europe.
Further, the company's Alberta-based plant located in the city of Medicine Hat, supplies methanol to buyers across the North American region. Two of the company's plants in Chile's Punta Arenas, supply methanol to end-users in South America and across the world.
Key Topics Covered:
1. Global Renewable Methanol Market - Summary
2. Industry Outlook
2.1. Key Insights
2.1.1. Renewable Methanol Production Using Electricity, Electrolysis of Water, and Co2 Air Capture
2.1.2. Renewable Methanol from Biogas
2.1.3. Renewable Methanol as a Fuel for the Shipping Industry
2.2. Market Definition
2.3. Porter's Five Forces Analysis
2.4. Market Attractiveness Index
2.5. Vendor Scorecard
2.6. Regulatory Framework
2.7. Impact of Covid-19 on Renewable Methanol
2.8. Key Market Strategies
2.8.1. Partnership, Contract/Agreement, and Collaboration
2.8.2. Business Expansion
2.9. Market Drivers
2.9.1. Shifting Trend Towards Sustainable Energy Sources
2.9.2. Availability of Renewable Methanol
2.9.3. Stringent Government Rules and Regulations
2.10. Market Restraints
2.10.1. High Installation Cost
2.10.2. Health Concerns
2.11. Market Opportunities
2.11.1. Substitution of Heave Marine Fuels With Renewable Methanol
3. Global Renewable Methanol Market Outlook - by End-User
3.1. Chemical
3.2. Transportation
3.3. Power Generation
3.4. Others
4. Global Renewable Methanol Market Outlook - by Feedstock
4.1. Agricultural Waste
4.2. Forestry Residue
4.3. Municipal Solid Waste
4.4. Co2 Emission
4.5. Others
5. Global Renewable Methanol Market Outlook - by Application
5.1. Formaldehyde
5.2. Dimethyl Ether (DME, Also Known as Methoxymethane) and Methyl Tert-Butyl Ether (MTBE)
5.3. Gasoline
5.4. Solvent
5.5. Others
6. Global Renewable Methanol Market - Regional Outlook
7. Competitive Landscape
7.1. Advanced Chemical Technologies
7.2. BASF Se
7.3. Carbon Recycling International (Cri)
7.4. Enerkem
7.5. Fraunhofer
7.6. Innogy
7.7. Nordic Green
7.8. OCI Nv
7.9. Serenergy A/S
7.10. Sodra
7.11. Methanex Corporation
7.12. Gujarat Narmada Valley Fertilizers & Chemicals Ltd
7.13. Southern Chemical Corporation
7.14. Atlantic Methanol
7.15. Oberon Fuels
For more information about this report visit https://www.researchandmarkets.com/r/90d5vi
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE:EPD) today announced that its 2020 tax packages, including schedule K-1’s are now available online. They may be accessed through the K-1 Tax Package Support website, www.taxpackagesupport.com/enterprise. The partnership expects to begin mailing the 2020 tax packages today and complete mailing by Friday, March 5, 2021. For additional information, unitholders may call K-1 Tax Package Support toll free at (800) 599-9985 weekdays between 8 a.m. and 5 p.m. CT.
Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Our services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and export and import terminals; crude oil gathering, transportation, storage and export and import terminals; petrochemical and refined products transportation, storage, export and import terminals and related services; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems. The partnership’s assets include approximately 50,000 miles of pipelines; 260 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 Bcf of natural gas storage capacity. Please visit www.enterpriseproducts.com for more information.
Randy Burkhalter, Investor Relations, (713) 381-6812 or (866) 230-0745
Rick Rainey, Media Relations (713) 381-3635
Developing new breakthrough HT-PEM technology will bring low-cost fuel cell technology to the automotive, aviation, and marine markets
BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent”), an innovation-driven company in the fuel cell and hydrogen technology space, today announced that it has signed a joint development agreement (the “CRADA”) with the US Department of Energy’s (DOE's) Los Alamos National Laboratory (LANL), Brookhaven National Laboratory (BNL) and National Renewable Energy Laboratory (NREL). Under this CRADA, along with support from the DOE’s Hydrogen and Fuel Cell Technologies Office (HFTO), Advent’s team of scientists will work closely with its LANL, BNL, and NREL counterparts over the coming years in order to develop breakthrough materials that will help strengthen US manufacturing in the fuel cells sector and bring high-temperature proton exchange membrane (HT-PEM) fuel cells to the market. This project will also contribute to the acceleration of energy and transportation technologies that will enable a clean, zero-emissions energy future.
The aim of HT-PEM fuel cells is to fulfill the promise of “Any Fuel. Anywhere.” They can allow ships to run on renewable methanol or ammonia, airplanes to run on dimethyl ether (DME) or hydrogen, and off-grid power generators to work with any green fuel that is easily transportable to remote locations. The ability to use any hydrogen-carrying fuel, in addition to pure hydrogen, is a major breakthrough in reducing the required infrastructure investments.
Dr. Emory De Castro, Advent’s Chief Technology Officer, commented: “The developing world is where the battle of climate change will be won or lost, and a low-cost infrastructure is a must. Synthetic eFuels will be produced by green hydrogen in the near future and thus be sustainable in such applications. HT-PEM technology allows for hydrogen fuel flexibility, while the competition is currently limited to very pure hydrogen that is compressed at 700bar. By forging this partnership, we are taking yet another step closer to realizing our clean energy future.”
The signed CRADA formalizes Advent’s role in this program, structures the joint development, and defines milestones and investment required to accelerate the technology scale-up. It also leverages state-of-the-art research facilities and talent at the DOE’s LANL, BNL, and NREL sites, as well as Advent’s expertise in fabricating polymers, membranes, catalysts, and electrodes. The effort encompasses scaling up the critical components of this next-generation membrane assembly: BNL catalysts, LANL membrane, electrode binder, and membrane electrode assembly (MEA) architecture. Advent’s scientists and engineers will work side by side with the primary inventors to facilitate rapid process development.
“We are honored and excited to work with the best electrochemists in the world from the LANL, BNL, and NREL in developing the next standard of fuel cell technology,” said Dr. Vasilis Gregoriou, Advent’s Chief Executive Officer and Founder. “The mandate from the aerospace, marine, and heavy-duty automotive industry is clear: they want to move to high-temperature fuel cell technology, and we believe that we will be able to provide the best product at the best price. Our recent NASDAQ listing and round of fundraising will allow us to make this agreement the top priority of our product development effort. We expect to commercialize the technology in 2021, bring products to the market in early 2022, and scale it up at mass production in 2023.”
HT-PEM fuel cell technology will allow heavy-duty and other hard-to-decarbonize applications to operate with high efficiency while using hydrogen and mitigating water management problems. The LANL MEA that Advent will commercialize is based on a novel chemistry. It does not rely on water as the conducting medium but instead on an engineering plastic, thus allowing for a wider range and high-temperatures for reliable operation (80oC to 240oC). The technology developers expect that overall fuel cell system design will be simplified drastically, resulting in reduced system costs. Early results indicate a longer lifetime even compared to Advent’s current commercial products. In addition, the agreement with BNL will focus on commercializing ultra-low platinum electrode technology that can bring the platinum/kilowatts (kW) required number down 90% (a 10x improvement). Platinum is an essential precious metal that is used in mobility fuel cells, and the BNL technology has the potential to reduce costs along with supply chain and environmental problems. NREL will aid in developing manufacturing processes for these advanced materials.
About Advent Technologies Holdings, Inc.
Advent Technologies Holdings, Inc. is an innovation-driven company in the fuel cell and hydrogen technology space. Our vision is to accelerate electrification through advanced materials, components, and next-generation fuel cell technology. Our technology applies to electrification (fuel cells) and energy storage (flow batteries, hydrogen production) markets, which we commercialize through partnerships with Tier1s, OEMs, and System Integrators. For more information on Advent Technologies Holdings, Inc., please visit the company’s website at https://www.advent.energy/
Sloane & Company
Joe Germani / Alex Kovtun / James Goldfarb
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NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) announced today that John Hess, Chief Executive Officer, will speak at the Credit Suisse 26th Annual Energy Summit on March 1, 2021 at 8:10 a.m. Eastern Time. A live audio webcast and a replay of the presentation will be accessible via Hess Corporation’s website.
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at https://www.hess.com/.
Cautionary Statements
This presentation will contain projections and other 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. These projections and statements reflect the company’s current views with respect to future events and financial performance. No assurances can be given, however, that these events will occur or that these projections will be achieved, and actual results could differ materially from those projected as a result of certain risk factors. A discussion of these risk factors is included in the company’s periodic reports filed with the Securities and Exchange Commission. # # #
Investor Contact:
Jay Wilson
(212) 536-8940
Media Contact:
Lorrie Hecker
(212) 536-8250
CHICAGO--(BUSINESS WIRE)--Exelon Corp. (Nasdaq: EXC) today announced that William (Bill) Von Hoene Jr., senior executive vice president and chief strategy officer, is leaving Exelon on March 31, bringing an accomplished 19-year career at the company to a close.
“Bill’s unparalleled legal mind, outstanding strategic capabilities and keen emotional intelligence have been integral to the success of Exelon, and the impact of his work cannot be overstated,” said Chris Crane, president and CEO of Exelon. “He expertly guided us through two successful mergers, led efforts to support the passage of policy decisions that preserved thousands of jobs and protected the environment, and dramatically advanced diversity, equity and inclusion efforts at the company through his leadership and innovation. Bill led some of the most important and challenging work for Exelon during his tenure, while at the same time developing future leaders, both of which have enabled us to better serve our customers, communities and employees. With warmth, humor and empathy, Bill made every person he talked to feel important, supported and part of the team and he will be sorely missed.”
“On behalf of the board, I thank Bill for his invaluable contributions to Exelon over the past nearly two decades, which have shaped Exelon’s business, its strategy and its culture,” said Mayo A. Shattuck III, chairman of Exelon’s board of directors. “Bill has been a transformational leader in the company, in the energy industry and in the community. He leaves behind a lasting legacy, and we are grateful for his leadership.”
Prior to joining Exelon, Von Hoene was a renowned litigator for more than 20 years, specializing in complex civil and white-collar criminal investigations. Since joining Exelon’s legal team in 2002, two years after Exelon was formed, Von Hoene has held numerous leadership positions of increasing responsibility, including general counsel and executive vice president of Finance and Legal, before assuming his current role leading key Exelon strategic functions, including Legal, Corporate Strategy, Corporate Development, Investments, Government Affairs and Corporate Affairs, in February 2012. Following his departure, these departments will report directly to Crane.
Among his many accomplishments, Von Hoene guided Exelon through two successful mergers with Constellation in 2012 and Pepco Holdings in 2016, advanced policies in New York, Illinois and New Jersey that preserved the emissions-free power from the company’s nuclear fleet and saved thousands of jobs, and strengthened Exelon’s commitment to the communities it serves.
Von Hoene’s priorities shaped Exelon’s culture but also had a positive impact well beyond the company’s walls. He has been a steadfast champion for diversity, equity and inclusion in the workplace. Von Hoene created Exelon’s D&I honor roll, which recognizes the company’s professional services partners, including banking, insurance, IT, investments and law firms, for their work to include women, minorities and other underrepresented groups in key roles on Exelon’s account teams. The program, now in place for over 10 years, complements Exelon’s diverse supplier program, which in 2020 resulted in more than $2.7 billion in spending with women and minority owned businesses across the enterprise.
During his tenure, Von Hoene strengthened the company’s community ties with organizations focused on civic engagement and community development. In Illinois, he currently serves on the boards of directors for: Northwestern Memorial Hospital; the Civic Consulting Alliance; and the Diversity Scholarship Foundation. Von Hoene is also a Washington, D.C., Federal City Council trustee, and serves on the boards of directors of Building Bridges Across the River, the parent organization of the Town Hall Education Arts Recreation Campus (THEARC); and The John F. Kennedy Center for the Performing Arts Corporate Fund. Since 2016, Von Hoene has served as co-chair of the Obama Foundation Inclusion Council, which assists the Foundation in establishing a framework for diversity and inclusion in all aspects of its operations, including the development of the Obama Presidential Library.
During his time at Exelon, Von Hoene also has received many honors and awards for his contributions to the legal profession and his commitment to community service, social justice, equity and diversity, including:
About Exelon Corporation
Exelon Corporation (Nasdaq: EXC) is a Fortune 100 energy company with the largest number of electricity and natural gas customers in the U.S. Exelon does business in 48 states, the District of Columbia and Canada and had 2020 revenue of $33 billion. Exelon serves approximately 10 million customers in Delaware, the District of Columbia, Illinois, Maryland, New Jersey and Pennsylvania through its Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco subsidiaries. Exelon is one of the largest competitive U.S. power generators, with more than 31,000 megawatts of nuclear, gas, wind, solar and hydroelectric generating capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. The company’s Constellation business unit provides energy products and services to approximately 2 million residential, public sector and business customers, including three fourths of the Fortune 100. Follow Exelon on Twitter @Exelon.
Paul Adams
Corporate Communications
410-470-4167
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KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P. (NASDAQ: MMLP) (the “Partnership”) announced today that the Partnership’s 2020 tax package, which includes Schedule K-1, will be available to download after 5:00 p.m. central time today from the Investor Relations section of the Partnership’s website and may also be accessed by visiting https://www.taxpackagesupport.com/martinmidstream. In an effort to be environmentally friendly, the Partnership encourages its unitholders to sign up for electronic delivery of their MMLP tax package.
The Partnership will begin mailing the 2020 tax package to its unitholders on Saturday, February 27, 2021. For additional information, unitholders may contact the K-1 Tax Package Support Line toll free at (888) 334-7473. In addition, you can send a request by mail to: Martin Midstream Partners L.P., Attn: K-1 Support, P.O. Box 799060, Dallas, Texas 75379-9060.
About Martin Midstream Partners
Martin Midstream Partners L.P., headquartered in Kilgore, Texas, is a publicly traded limited partnership with a diverse set of operations focused primarily in the United States Gulf Coast region. The Partnership's primary business lines include: (1) terminalling, processing, storage, and packaging services for petroleum products and by-products; (2) land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; (3) sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and (4) natural gas liquids marketing, distribution, and transportation services. To learn more, visit www.MMLP.com. Follow Martin Midstream Partners L.P. on LinkedIn and Facebook.
MMLP-C
Sharon Taylor
Chief Financial Officer
(877) 256-6644
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HOUSTON--(BUSINESS WIRE)--Phillips 66 (NYSE: PSX) has named Mark Lashier, President and CEO of Chevron Phillips Chemical Company LLC, as its President and Chief Operating Officer effective April 1.
“Mark is the right leader at the right time to join Phillips 66,” said Greg Garland, Chairman and CEO of Phillips 66. “He assumes his new role at a time when we are operationally and financially strong yet navigating a dynamic and challenging external environment.”
Lashier, who has over 30 years of energy industry experience, has served as CPChem’s CEO since 2017. He joined the global petrochemical joint venture, in which Phillips 66 owns a 50% interest, in 2000. At CPChem he has served as Executive Vice President of Olefins and Polyolefins; Senior Vice President of Specialties, Aromatics and Styrenics; Vice President of Corporate Planning and Development; and Regional Manager of Asia. He began his career with Phillips Petroleum Company as a research engineer.
Reporting to Garland, Lashier will have responsibility for operational execution across all of Phillips 66 businesses — which include Refining, Midstream, and Marketing & Specialties — and also for the company’s health, safety and environmental efforts. With Lashier’s addition to the Phillips 66 leadership team, Garland will further focus on the company’s strategic direction, disciplined capital allocation and engagement with key stakeholders on issues facing the energy industry.
“Mark is a trusted leader with a demonstrated track record of delivering growth, driving excellence in both operations and sustainable business practices,” said Garland. “He possesses the right combination of values, skills and experience that makes him a clear choice to be our President and COO.”
Lashier serves on a number of professional boards, including American Fuel and Petrochemical Manufacturers, American Chemistry Council, Iowa State University’s College of Engineering Industrial Advisory Council and the Alliance to End Plastic Waste. In addition, he serves on several community boards, including Junior Achievement of Southeast Texas and the American Cancer Society’s CEOs Against Cancer.
Lashier, who received a bachelor’s degree in science and a doctorate in chemical engineering from Iowa State University, holds 13 patents in the U.S. He will be based at Phillips 66 headquarters in Houston.
About Phillips 66
Phillips 66 is a diversified energy manufacturing and logistics company. With a portfolio of Midstream, Chemicals, Refining, and Marketing and Specialties businesses, the company processes, transports, stores and markets fuels and products globally. Phillips 66 Partners, the company’s master limited partnership, is integral to the portfolio. Headquartered in Houston, the company has 14,300 employees committed to safety and operating excellence. Phillips 66 had $55 billion of assets as of Dec. 31, 2020. For more information, visit www.phillips66.com or follow us on Twitter @Phillips66Co.
Jeff Dietert (investors)
832-765-2297
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Shannon Holy (investors)
832-765-2297
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Thaddeus Herrick (media)
855-841-2368
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DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, today announced that Scott Rowe, president and chief executive officer, will present virtually at the 26th Annual Credit Suisse Energy Summit on March 2, 2021 from 11:40 a.m. to 12:10 p.m. CST.
A webcast of Mr. Rowe’s presentation will be available for shareholders and other interested parties at www.flowserve.com under the “Investor Relations” section.
About Flowserve: Flowserve Corp. is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company’s Web site at www.flowserve.com.
Safe Harbor Statement: This news release includes 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, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.
The forward-looking statements included in this news release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the following: the impact of the global outbreak of COVID-19 on our business and operations; a portion of our bookings may not lead to completed sales, and our ability to convert bookings into revenues at acceptable profit margins; changes in global economic conditions and the potential for unexpected cancellations or delays of customer orders in our reported backlog; our dependence on our customers’ ability to make required capital investment and maintenance expenditures; if we are not able to successfully execute and realize the expected financial benefits from our strategic transformation and realignment initiatives, our business could be adversely affected; risks associated with cost overruns on fixed-fee projects and in taking customer orders for large complex custom engineered products; the substantial dependence of our sales on the success of the oil and gas, chemical, power generation and water management industries; the adverse impact of volatile raw materials prices on our products and operating margins; economic, political and other risks associated with our international operations, including military actions, trade embargoes, epidemics or pandemics or changes to tariffs or trade agreements that could affect customer markets, particularly North African, Russian and Middle Eastern markets and global oil and gas producers, and non-compliance with U.S. export/re-export control, foreign corrupt practice laws, economic sanctions and import laws and regulations; increased aging and slower collection of receivables, particularly in Latin America and other emerging markets; our exposure to fluctuations in foreign currency exchange rates, including in hyperinflationary countries such as Venezuela and Argentina; our furnishing of products and services to nuclear power plant facilities and other critical processes; potential adverse consequences resulting from litigation to which we are a party, such as litigation involving asbestos-containing material claims; expectations regarding acquisitions and the integration of acquired businesses; our relative geographical profitability and its impact on our utilization of deferred tax assets, including foreign tax credits; the potential adverse impact of an impairment in the carrying value of goodwill or other intangible assets; our dependence upon third-party suppliers whose failure to perform timely could adversely affect our business operations; the highly competitive nature of the markets in which we operate; environmental compliance costs and liabilities; potential work stoppages and other labor matters; access to public and private sources of debt financing; our inability to protect our intellectual property in the U.S., as well as in foreign countries; obligations under our defined benefit pension plans; our internal control over financial reporting may not prevent or detect misstatements because of its inherent limitations, including the possibility of human error, the circumvention or overriding of controls, or fraud; the recording of increased deferred tax asset valuation allowances in the future or the impact of tax law changes on such deferred tax assets could affect our operating results; our information technology infrastructure could be subject to service interruptions, data corruption, cyber-based attacks or network security breaches, which could disrupt our business operations and result in the loss of critical and confidential information; ineffective internal controls could impact the accuracy and timely reporting of our business and financial results; and other factors described from time to time in our filings with the Securities and Exchange Commission.
All forward-looking statements included in this news release are based on information available to us on the date hereof, and we assume no obligation to update any forward-looking statement.
Investor Contacts:
Jay Roueche, Vice President, Investor Relations & Treasurer, (972) 443-6560
Mike Mullin, Director, Investor Relations, (972) 443-6636
Media Contact:
Lars Rosene, Vice President, Corporate Communications & Public Affairs, (972) 443-6644
HOUSTON--(BUSINESS WIRE)--Enterprise Products Partners L.P. (NYSE: EPD) today announced that it has filed the partnership’s Annual Report on Form 10-K for the year ended December 31, 2020 with the Securities and Exchange Commission. The report is available on the Enterprise website at www.enterpriseproducts.com. Hard copies of the report may be requested at http://www.enterpriseproducts.com/investors/request-information.
Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Our services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and export and import terminals; crude oil gathering, transportation, storage and export and import terminals; petrochemical and refined products transportation, storage, export and import terminals and related services; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems. The partnership’s assets include approximately 50,000 miles of pipelines; 260 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 Bcf of natural gas storage capacity. Please visit www.enterpriseproducts.com for more information.
Randy Burkhalter, Investor Relations, (713) 381-6812 or (866) 230-0745
Rick Rainey, Media Relations (713) 381-3635
CERAWeek by IHS Markit—the world’s preeminent energy conference—to be held virtually March 1-5, 2021. Learn more at www.ceraweek.com.
HOUSTON--(BUSINESS WIRE)--The Prime Minister of India, Hon. Shri Narendra Modi, will deliver a keynote address at CERAWeek by IHS Markit 2021, to be held virtually March 1-5.
Prime Minister Modi will participate in a special plenary with Daniel Yergin, vice chairman of IHS Markit and conference chair on Friday, March 5. He will also receive the prestigious CERAWeek Global Energy and Environment Leadership Award in recognition of his commitment to sustainability in energy and the environment.
CERAWeek by IHS Markit is the premier annual international gathering of energy industry leaders, experts, government officials and policymakers, leaders from the technology, financial and industrial communities – and energy technology innovators.
“We are pleased to warmly welcome the Honorable Shri Narendra Modi, Prime Minister of India, to CERAWeek by IHS Markit 2021,” Yergin said. “In charting its path towards economic growth, poverty reduction and a new energy future, India has emerged at the center of global energy and the environment, and its leadership is crucial to meet climate objectives for a sustainable future while ensuring universal energy access. We look forward to Prime Minister Modi’s perspectives on the role of the world’s largest democracy and are pleased to honor him with the CERAWeek Global Energy and Environment Leadership Award for his commitment to expanding India’s leadership in sustainable development to meet the country’s, and the world’s, future energy needs.”
CERAWeek 2021: The New Map: Energy, Climate and Charting the Future will examine a new global map being shaped by dramatic shifts in energy and geopolitics—a map defined by changing policies, technology, alliances, geopolitics, and possibly collisions in global commerce and politics.
Inspired by the new book, The New Map: Energy, Climate and the Clash of Nations by IHS Markit Vice Chairman and CERAWeek Chairman Daniel Yergin, the conference program will focus on key themes related to Energy Transition; Geopolitics, Economics and Markets; Investment and Financing; Technology and Innovation; Mobility and the Future Workforce.
2021 marks the 39th edition of the conference and is the first time that it will be an all-virtual event. The conference is produced by IHS Markit (NYSE:INFO), a world leader in critical information, analytics and solutions.
CERAWeek 2021 and the related Innovation Agora will feature more than 245 speakers from 29 countries.
Speakers will include (partial list):
Visit www.ceraweek.com for a complete list of speakers and the most up-to-date program information (subject to change).
Registration Information
CERAWeek by IHS Markit 2021 will be held virtually March 1-5. Further information and delegate registration is available at www.ceraweek.com.
Media Accreditation
Media registration is now open. Members of the media interested in covering CERAWeek 2021 are required to apply for accreditation. Applications can be submitted via the following link: https://ceraweek.com/about/press.html
About IHS Markit (www.ihsmarkit.com)
IHS Markit (NYSE:INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.
IHS Markit is a registered trademark of IHS Markit Ltd. and/or its affiliates. All other company and product names may be trademarks of their respective owners © 2021 IHS Markit Ltd. All rights reserved.
News Media:
Jeff Marn
IHS Markit
+1 202 463 8213
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Press Team
+1 303 858 6417
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CALGARY, Alberta--(BUSINESS WIRE)--ARC Resources Ltd. ("ARC") and Seven Generations Energy Ltd. ("Seven Generations") announced today that they have filed a joint management information circular (the "Circular") dated March 1, 2021 and related meeting and proxy materials in connection with the proposed business combination (the "Business Combination") to create the premier Montney producer and leader in responsible energy development. The meeting materials will be mailed to ARC and Seven Generations shareholders.
ARC and Seven Generations agreed to combine their respective businesses and entered into a business combination agreement dated February 10, 2021. The voting directors of both ARC and Seven Generations have unanimously approved the Business Combination and ask that shareholders vote in favour of the resolutions.
ARC and Seven Generations Special Shareholder Meetings
Special meetings for shareholders of record at the close of business on February 24, 2021 of each of ARC and Seven Generations will be held in order to consider and vote on resolutions in connection with the Business Combination as described in the Circular. In alignment with the recommendations of Canadian public health officials in response to the COVID-19 pandemic and due to restrictions on mass gatherings implemented by the Government of Alberta, the meetings will be conducted virtually via live webcasts.
The Seven Generations virtual meeting will be held at 9:00 a.m. (Calgary time) on Wednesday, March 31, 2021, and the ARC virtual meeting will be held at 11:00 a.m. (Calgary time) on Wednesday, March 31, 2021.
How to Vote
All shareholders are encouraged to vote in person (virtually) or by proxy. Details on how to vote and how to participate in the live webcasts are available in the Circular.
The completion of the Business Combination is subject to, among other things, (i) the approval of the Business Combination by not less than 66 ⅔ per cent of the votes cast by Seven Generations shareholders at the Seven Generations virtual meeting, (ii) the approval of the issuance of ARC common shares pursuant to and in connection with the Business Combination by a simple majority of the votes cast by ARC shareholders at the ARC virtual meeting, (iii) the approval of the Court of Queen’s Bench of Alberta, and (iv) the receipt of all other necessary regulatory approvals.
About the Business Combination
The Business Combination is expected to be completed on or about April 6, 2021, subject to the satisfaction of all closing conditions. Upon completion of the Business Combination, the combined company will operate as ARC Resources Ltd. and remain headquartered in Calgary, Alberta.
The Circular has been filed on each company’s SEDAR profile at www.sedar.com and is available on ARC’s website at www.arcresources.com and on Seven Generations’ website at www.7Genergy.com.
Forward-looking Information and Statements
This news release contains certain forward-looking information and statements within the meaning of applicable securities laws. The use of the words "expect," "may," "will," and similar expressions are intended to identify forward-looking information or statements. In particular, but without limiting the foregoing, this news release contains forward-looking information pertaining to the following: the expected mailing of meeting materials to ARC and Seven Generations shareholders, the timing and conduct of the virtual meetings, the timing and completion of the Business Combination, the operations and headquarters of the combined company, and other statements.
The forward-looking information and statements contained in this news release reflect several material factors, expectations, and assumptions of ARC and Seven Generations, including, without limitation that the ARC and Seven Generations meetings will be conducted as planned; the continuation of the COVID-19 pandemic, and restrictions on public gatherings; the ability of ARC and Seven Generations to obtain all required shareholder and regulatory approvals in a timely manner; the ability of ARC and Seven Generations to satisfy all conditions to closing of the Business Combination; and the characteristics of the combined company.
The forward-looking information and statements included in this news release are not guarantees of future performance and should not be unduly relied upon. Such information and statements involve known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information or statements including, without limitation: the risk that the mailing and delivery of meeting materials may be delayed, the risk that the required approvals will not be obtained, and the risk that the Business Combination will not be completed as expected.
The forward-looking information and statements contained in this news release speak only as of the date of this news release, and neither ARC nor Seven Generations assumes any obligation to publicly update or revise such information or statements to reflect new events or circumstances, except as may be required pursuant to applicable laws.
About the Companies
ARC Resources Ltd. is one of Canada’s largest energy companies and its common shares trade on the Toronto Stock Exchange under the symbol ARX.
Seven Generations Energy Ltd. is a low supply-cost energy producer dedicated to stakeholder service, responsible development, and generating strong returns from its liquids-rich Kakwa River Project in northwest Alberta. Seven Generations’ common shares trade on the Toronto Stock Exchange under the symbol VII.
Kris Bibby
Senior Vice President and CFO
ARC Resources Ltd.
403-503-8675
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Martha Wilmot
Investor Relations Analyst
ARC Resources Ltd.
403-509-7280
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Brian Newmarch
Vice President, Capital Markets and Stakeholder Engagement
Seven Generations Energy Ltd.
403-767-0752
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Ryan Galloway
Director, Investor Relations
Seven Generations Energy Ltd.
403-718-0709
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AUSTIN, Texas--(BUSINESS WIRE)--USA Compression Partners, LP (NYSE: USAC) (“USA Compression”) today announced that its senior management will participate in multiple investor conferences during the following week.
Senior management will participate in a series of virtual meetings during the Credit Suisse 26th Annual Energy Summit beginning on March 1.
In addition, senior management will participate in the J.P. Morgan 2021 Global High Yield & Leveraged Finance Conference and expects to participate in a series of virtual meetings on March 2 and 3.
Presentation materials used during the Credit Suisse 26th Annual Energy Summit will be posted to USA Compression’s website prior to those investor meetings on March 1. Presentation materials used during the J.P. Morgan 2021 Global High Yield & Leveraged Finance Conference will be posted to USA Compression’s website prior those investor meetings on March 2. Please visit the Investor Relations section of the website at usacompression.com under “Presentations.”
About USA Compression Partners, LP
USA Compression Partners, LP is a growth-oriented Delaware limited partnership that is one of the nation’s largest independent providers of natural gas compression services in terms of total compression fleet horsepower. USA Compression partners with a broad customer base composed of producers, processors, gatherers and transporters of natural gas and crude oil. USA Compression focuses on providing natural gas compression services to infrastructure applications primarily in high-volume gathering systems, processing facilities and transportation applications. More information is available at usacompression.com.
USA Compression Partners, LP
Matthew Liuzzi, CFO
(512) 369-1624
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SAN DIEGO & HOUSTON--(BUSINESS WIRE)--EDF Renewables North America today announced a power purchase agreement for the second tranche of the Space City Solar Project with an affiliate of Enterprise Products Partners L.P. (NYSE: EPD) for 100 MWac / 132 MWdc. The Project’s total capacity is up to 345 MWac / 455 MWdc. Space City Solar, located in Wharton County, Texas, is expected to commence construction in Summer 2021 and begin delivery of clean electricity in Summer 2022.
Approximately 300 jobs are expected to be created during the construction phase with more than $30 million generated in new tax revenue over the operating life for Wharton County taxing entities.
Space City Solar is specially designed to generate clean energy while minimizing impacts to wildlife, habitat, and other environmental resources. The project will utilize high efficiency bifacial solar photovoltaic (PV) modules.
“This transaction demonstrates EDF Renewables’ continued commitment to helping corporate customers meet their wholesale power supply needs and sustainability initiatives,” said Matt McCluskey, Vice President, South Region Development for EDF Renewables. “Space City Solar will provide an economic boost to the local economy through construction jobs, local spend and an expanded tax base.”
A.J. “Jim” Teague, co-chief executive officer of Enterprise’s general partner, stated, “We are committed to being a responsible steward of the environment, including using energy sustainably across our footprint. In 2020, we launched an initiative to evaluate opportunities to expand solar power purchasing and/or installations across our system. We are proud to say this purchase agreement is a result of those efforts. We estimate that by 2025, approximately 25 percent of our power will be from renewable resources.”
With 35 years of experience and 16 gigawatts of renewable projects developed throughout North America, EDF Renewables provides a fully integrated bundle of energy solutions from grid-scale wind, solar, and solar plus storage projects to electric vehicle charging and energy storage management.
FORWARD-LOOKING STATEMENTS
This press release includes “forward-looking statements” as defined by the Securities and Exchange Commission. All statements, other than statements of historical fact, included herein that address activities, events, developments or transactions that Enterprise and its general partner expect, believe or anticipate will or may occur in the future are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from expectations, including required approvals by regulatory agencies, the possibility that the anticipated benefits from such activities, events, developments or transactions cannot be fully realized, the possibility that costs or difficulties related thereto will be greater than expected, the impact of competition, and other risk factors included in Enterprise’s reports filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. Except as required by law, Enterprise does not intend to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
About EDF Renewables North America:
EDF Renewables North America is a market leading independent power producer and service provider with 35 years of expertise in renewable energy. The Company delivers grid-scale power: wind (onshore and offshore), solar photovoltaic, and storage projects; distributed solutions: solar, solar+storage, EV charging and energy management; and asset optimization: technical, operational, and commercial skills to maximize performance of generating projects. EDF Renewables’ North American portfolio consists of 16 GW of developed projects and 11 GW under service contracts. EDF Renewables North America is a subsidiary of EDF Renouvelables, the dedicated renewable energy affiliate of the EDF Group. For more information visit: www.edf-re.com. Connect with us on LinkedIn, Facebook and Twitter.
About Enterprise Products Partners L.P.:
Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Our services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and export and import terminals; crude oil gathering, transportation, storage and export and import terminals; petrochemical and refined products transportation, storage, export and import terminals and related services; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems. The partnership’s assets include approximately 50,000 miles of pipelines; 260 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 billion cubic feet of natural gas storage capacity. For more information visit: www.enterpriseproducts.com.
Sandi Briner, +1 858-521-3525
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Enterprise Investors:
Randy Burkhalter, +1 713-381-6812 or +1 866-230-0745
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Enterprise Media:
Rick Rainey, +1 713-381-3635
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VANCOUVER, British Columbia--(BUSINESS WIRE)--$GRN #GRN--Greenlane Renewables Inc. (“Greenlane”) (TSX: GRN / FSE: 52G) announces the appointment of Olympia Trust Company (“Olympia”) as registrar and transfer agent of Greenlane effective immediately. Olympia Trust will now be responsible for all transfers of Greenlane common shares, which are currently trading on the TSX under the trading symbol “GRN”, through their office in Vancouver and shall replace Computershare Investor Services Inc., which has resigned at Greenlane’s request. Computershare Trust Company shall remain as the warrant agent of Greenlane’s warrants currently trading on the TSX under the trading symbol “GRN.WT”, which are exercisable until June 3, 2021. Shareholders need take no action in respect of the change in transfer agent and registrar. All future enquiries related to transfer agent or registrar requests for Greenlane should be directed to Olympia at:
Olympia Trust Company
Suite 1900 - 925 West Georgia Street
Vancouver, BC V6C 3L2
(403) 261-0900
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About Greenlane Renewables
Greenlane Renewables is a leading global provider of biogas upgrading systems that are helping decarbonize natural gas. Our systems produce clean, low-carbon renewable natural gas from organic waste sources including landfills, wastewater treatment plants, dairy farms, and food waste, suitable for either injection into the natural gas grid or for direct use as vehicle fuel. Greenlane is the only biogas upgrading company offering the three main technologies: water wash, pressure swing adsorption, and membrane separation. With over 30 years industry experience, patented proprietary technology, and over 110 biogas upgrading systems supplied into 18 countries worldwide, including the world’s largest biogas upgrading facility, Greenlane is inspired by a commitment to helping waste producers, gas utilities or project developers turn a low-value product into a high-value low-carbon renewable resource. For further information, please visit www.greenlanerenewables.com.
Incite Capital Markets
Eric Negraeff / Darren Seed
Ph: 604.493.2004
Brad Douville, President & CEO, Greenlane Renewables
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