HOUSTON--(BUSINESS WIRE)--Plains All American Pipeline, L.P. (NYSE: PAA) and Plains GP Holdings (NYSE: PAGP) announced they will release third-quarter 2020 earnings after market close on Monday, November 2, 2020 and will hold a joint webcast on the same day as follows:
What: Third-quarter 2020 earnings webcast
When: Monday, November 2, 2020 5:30 p.m. ET; 4:30 p.m. CT
Where: www.plainsallamerican.com or https://event.webcasts.com/starthere.jsp?ei=1378562&tp_key=8945f97d3b
How: Live over the internet – log on at either of the addresses above
Specific items we intend to address on the call include:
The slide presentation accompanying the conference call materials will be posted prior to the call at www.plainsallamerican.com under the “Investor Relations” sections of the website (Navigate to: Investor Relations / either “PAA” or “PAGP” / News & Events / Quarterly Earnings).
An audio replay will be available on the website after the call. Additionally, a transcript will be included within the 3Q20 Earnings Package found within the “Investor Kit” section of the above referenced website.
PAA and PAGP also announced plans to release quarterly earnings and hold their earnings webcasts and conference calls during 2021 according to the following schedule:
The dates and times reflected above are subject to change. Any timing updates along with participation instructions for the webcasts will be provided via press release prior to each quarterly earnings announcement.
PAA is a publicly traded master limited partnership that owns and operates midstream energy infrastructure and provides logistics services for crude oil, natural gas liquids ("NGL"), and natural gas. PAA owns an extensive network of pipeline transportation, terminalling, storage and gathering assets in key crude oil and NGL producing basins and transportation corridors and at major market hubs in the United States and Canada. On average, PAA handles more than 6 million barrels per day of crude oil and NGL in its Transportation segment. PAA is headquartered in Houston, Texas. More information is available at www.plainsallamerican.com.
PAGP is a publicly traded entity that owns an indirect, non-economic controlling general partner interest in PAA and an indirect limited partner interest in PAA, one of the largest energy infrastructure and logistics companies in North America. PAGP is headquartered in Houston, Texas. More information is available at www.plainsallamerican.com.
Brett Magill
Director, Investor Relations
(866) 809-1291
Peter Lacy named to newly created role of Chief Responsibility Officer and Global Sustainability Services Lead
NEW YORK--(BUSINESS WIRE)--Accenture (NYSE: ACN) today announced new commitments to sustainability — including industry-leading goals for net-zero emissions, as well as a newly created leadership role — as it moves to embed responsible business practices in all of its services and across every area of the company.
The company is unveiling three industry-leading goals:
The goals build on Accenture’s ongoing journey to reduce its environmental impact, including signing the UN Global Compact’s Business Ambition for 1.5° Pledge, reducing its emissions in line with its existing science-based target and committing to RE100’s global initiative to use 100% renewable electricity by 2023. These efforts demonstrate Accenture’s recognition of the leading role business must play in contributing to the UN Global Compact’s Sustainable Development Goals.
“This is the moment for business, government and society to come together to reimagine, rebuild and transform our global economy into one that works for the benefit of all,” said Julie Sweet, chief executive officer, Accenture. “Today’s rapid acceleration to digital presents us with a breakthrough opportunity to create a more sustainable future. By scaling these ambitions, we can help make real change and deliver 360-degree value for all.”
Accenture has appointed Peter Lacy to the newly created role of Chief Responsibility Officer and Global Sustainability Services Lead, effective December 1, to oversee the integration of sustainability and responsibility for all stakeholders into its client services as well as Accenture’s operations. He will work closely with clients and ecosystem partners to help transition industries to low-carbon energy; reduce the carbon footprint of IT, cloud and software; design and deliver net-zero, circular supply chains; embed sustainable practices; and reskill workforces. Lacy will also join Accenture’s Global Management Committee.
Lacy, who currently leads Accenture Strategy in Europe and Sustainability globally, brings decades-long industry experience advising senior leaders of companies and public organizations on strategy development, digital transformation, innovation and sustainable growth. He is recognized as a foremost expert on sustainability and is a pioneer of quantifying the value of the circular economy, which was introduced in his books: Waste to Wealth and its follow-up, The Circular Economy Handbook.
“I am excited that Peter will step into this critical new role, as we help create sustainable growth for our clients and continue to lead the way toward a future of shared success,” added Sweet. “Peter is a trusted advisor with an unparalleled ability to understand sustainability as a lens for growth, and I know his visionary leadership will drive groundbreaking results for our clients and for our company.”
About Accenture
Accenture is a leading global professional services company, providing a broad range of services in strategy and consulting, interactive, technology and operations, with digital capabilities across all of these services. We combine unmatched experience and specialized capabilities across more than 40 industries — powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. With 506,000 people serving clients in more than 120 countries, Accenture brings continuous innovation to help clients improve their performance and create lasting value across their enterprises. Visit us at www.accenture.com.
Peter Soh
Accenture
+1 703 947 2571
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Alexander Aizenberg
Accenture
+1 917 452 9878
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DALLAS--(BUSINESS WIRE)--Atmos Energy Corporation (NYSE: ATO) will host a conference call on Thursday, November 12, 2020, at 10:00 a.m. Eastern to review the company’s Fiscal 2020 year-end and fourth quarter financial results. Atmos Energy will release these results on Wednesday, November 11, 2020, following the market close.
To listen to the conference call, please dial either the toll-free or international number provided below. You may also listen to the call on the Atmos Energy website at www.atmosenergy.com. The Internet broadcast will be archived for thirty days.
Conference Call Details
November 12, 2020
10:00 a.m. Eastern / 9:00 a.m. Central
Toll-free: 877-407-3088
International: 201-389-0927
(No pass code)
Internet webcast: www.atmosenergy.com
Atmos Energy Corporation is the nation’s largest fully regulated, natural gas-only distributor of safe, clean, efficient and affordable energy. As part of our vision to be the safest provider of natural gas services, we are modernizing our business and our infrastructure while continuing to invest in safety, innovation, environmental sustainability and our communities. An S&P 500 company headquartered in Dallas, Atmos Energy serves more than 3 million distribution customers in over 1,400 communities across eight states and manages proprietary pipeline and storage assets, including one of the largest intrastate natural gas pipeline systems in Texas. Find us online at http://www.atmosenergy.com, Facebook, Twitter, Instagram and YouTube.
Financial Analysts and Media Contact:
Dan Meziere (972) 855-3729
Venture capital platform for active collaboration and scaling focused on investments in future energy in its widest sense
BERLIN--(BUSINESS WIRE)--Future Energy Ventures, a venture capital platform that invests in the digital technologies and digital business models redefining the energy landscape, has launched with €250 million invested capital in its portfolio. The new fund is the venturing and collaboration platform of the energy company E.ON investing in digital and digitally enabled technologies that have the potential to redefine the future energy landscape – providing funding, mentoring and connections to accelerate their growth trajectory.
The launch of Future Energy Ventures follows the completion of E.ON’s acquisition of innogy and brings together an enviable level of expertise and experience in investing and scaling future energy focused start-ups from across the E.ON and innogy venturing teams to create an industry leading venturing platform.
The fund, which is led by Ines Bergmann-Nolting and Jan Lozek, focuses on digital, scalable and asset-light businesses transforming the energy ecosystem seeking Series A and beyond funding that have shown evidence of a product-market-fit. From its operational hubs in Germany, Israel and Silicon Valley, Future Energy Ventures will look for both investments and scaling opportunities for its portfolio globally and new investment opportunities.
“The entire energy ecosystem is being transformed by technology at an ever-accelerating pace creating significant investment opportunities,” said Jan Lozek, Managing Partner at Future Energy Ventures. “Not only is the traditional energy supply chain moving towards smart generation and storage, but individuals, buildings and entire cities are becoming smarter and more connected, fundamentally redefining the role of energy in society. We are committed to accelerating the energy transformation by investing in and supporting the growth of the innovative businesses and business models that will help create and shape that future.”
The Future Energy Ventures portfolio consists of promising start-ups previously invested in by E.ON and innogy’s venturing entities, including: Bidgely, Holobuilder, Intertrust, Thermondo and T-Rex. A key element of Future Energy Ventures’ value creation approach is its institutionalised collaboration platform and the cultivation of an ecosystem of highly committed partners to accelerate the growth of its portfolio companies.
“Businesses need more than just money to succeed,” said Ines Bergmann-Nolting, Managing Partner at Future Energy Ventures. “They need collaboration, mentoring and the opportunity to partner with other organisations that can help them achieve scale. We seek to actively create value by bringing together dynamic and innovative start-ups, E.ON and affiliated businesses, and a growing set of partners and to create meaningful impact for mutual financial and strategic benefit. Use-case potential forms a key part of our investment decision-making and we aim to facilitate and support pilots and use case roll-outs within E.ON and across our ecosystem of partners for systematic scaling across the portfolio.”
About Future Energy Ventures
Future Energy Ventures is the venture capital investment and collaboration platform of E.ON, with €250 million invested capital in its portfolio. It invests in digital and digitally enabled technologies and business models that have the potential to redefine the future energy landscape. Typically focusing on digital, scalable and asset-light companies seeking Series A and beyond funding, Future Energy Ventures seeks to capitalise on the investment opportunities presented by the transition to this new energy future and maximise scaling opportunities for its portfolio. For more information visit www.fev.vc
Future Energy Ventures is owned by E.ON, an international privately-owned energy company headquartered in Essen, Germany, which focuses on energy networks and customer solutions. As one of Europe's largest energy companies, E.ON plays a leading role in shaping a green, digital and decentralized world of energy. The company has more than 70,000 employees. More than 50 million residential, commercial, and industrial customers purchase power, gas, digital products, or solutions for electromobility and climate protection from E.ON. More information is available at www.eon.com.
For further information:
Carolina Soto
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HOUSTON--(BUSINESS WIRE)--Ranger Energy Services, Inc. (NYSE:RNGR) (the “Company”) will report third quarter 2020 financial and operating results after the market closes for trading on October 22, 2020. Following the announcement, the Company’s management will host a third quarter 2020 earnings conference call in the morning of October 23, 2020 at 10:00 a.m. Eastern time (9:00 a.m. Central time).
Interested parties are invited to participate on the call by dialing 1-833-255-2829, or 1-412-902-6710 for international calls, (request to join the Ranger Energy Services call) or via the Company’s website at www.rangerenergy.com. A replay of the conference call will be available following the call and can be accessed from www.rangerenergy.com.
About Ranger Energy Services, Inc.
Ranger Energy Services, Inc. is an independent provider of well service rigs and associated services in the United States, with a focus on unconventional horizontal well completion and production operations. The Company also provides non-rig well services that are necessary to bring and maintain a well on production.
Ranger Energy Services, Inc.
J. Brandon Blossman, (713) 935-8900
Chief Financial Officer
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NORWELL, Mass.--(BUSINESS WIRE)--ESG announces that following a quarter of strong customer growth across three continents, the decision has been made to integrate operations and brand into a single global entity.
The decision comes as ESG serves more customers who operate in multiple geographies and as it looks to better support the digitization of the energy sector, empowering energy leaders globally. Local companies in North America and Japan including Latitude Technologies, plus Utiligroup in Europe will integrate into a single structure and company identity to propel the speed, innovation and benefit for global customers. The ESG software platform manages over twenty million customer meters for more than two hundred customers around the world.
The integrated ESG business will be headed by Matthew Hirst who becomes CEO. Matthew has been Utiligroup’s CEO for the past eight years having been with the business for over twenty years. ESG acquired Utiligroup in 2017 through investment from Accel-KKR. A single executive team, drawn from the leaders in each geography, will further enhance the speed of development, drive service excellence and continued innovation in customer value.
As part of the integration Utiligroup and Latitude, the Storage and Pipeline software business, will become known as ESG starting in January of 2021. The company remains committed to all its local markets and customers in North America, Europe and Japan which comprise the largest competitive energy markets in the world. Through continued investment in its expert software as a service, ESG delivers the competitive performance, operational efficiency and platform scale to underpin globalization by energy market leaders. The integration is being led by the global executive leadership, focused on growing the ways their pioneering customers are empowered to deliver more customer benefits in a fast changing business environment.
Matthew Hirst, CEO said “We have a fantastic global team of energy and technology professionals at ESG and the unification of our brands and operation will enable us to invest in new products for the future and to enter new markets at a quicker pace. We are passionate about providing innovative technology that empowers energy leaders to deliver on the future promise of energy. The energy market is already changing at a fast pace as it becomes more digital and data intensive. We are structuring our business to further enhance the value and collaborative ways in which we can help our customers to provide the best service to their energy consumers globally. ESG is excited to help create an energy future that provides better lives for everyone.”
Mark Coyle
Chief Marketing Officer, ESG
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Phone: 00 44 (0)780 779 7457
SAN JOSE, Calif.--(BUSINESS WIRE)--Bloom Energy (NYSE: BE) today announced that it has completed the conversion of its outstanding 10% Convertible Promissory Notes due 2021 and as a result the notes, with a balance of $249 million on June 30, 2020, have been retired. In addition, Bloom Energy has called the outstanding balance of $79 million of its 10% Senior Secured Notes due 2024 and set the redemption date of November 8, 2020 and payoff date of November 9, 2020. The conversion and the subsequent call on the Notes due 2024 is consistent with Bloom Energy’s plans to use the net proceeds from its recent successful Green Convertible Senior Notes offering.
“Today is a significant milestone in our journey to improve our liquidity, reduce our debt and strengthen our balance sheet,” said Greg Cameron, chief financial officer of Bloom Energy. “These efforts provide our company with more flexibility to pursue growth opportunities on our technology roadmap and to bring the applications on our platform into new industrial markets.”
Separately, Bloom Energy announced that it will release its third quarter 2020 financial results on Thursday, October 29, 2020.
Bloom Energy will post its Letter to Shareholders with financial results and management commentary on the Bloom Energy investor relations website at https://investor.bloomenergy.com/ shortly after 1:00 p.m. Pacific Time on October 29, 2020 and will issue a press release outlining Bloom Energy’s key financial results when the posting has been made.
A conference call and live webcast to discuss third quarter results will follow at 2:00 p.m. Pacific Time; 5:00 p.m. Eastern Time on October 29, 2020. To listen to the conference call, dial +1 (833) 520-0063 and enter the passcode: 6975469. International callers should dial +1 (236) 714-2197 and enter the same passcode: 6975469. The live webcast will be available on the Bloom Energy investor relations website at https://investor.bloomenergy.com.
A telephonic replay of the conference call will be available until November 5, 2020, by dialing +1 (800) 585-8367 or +1 (416) 621-4642 and entering passcode 6975469.
An archived version of the webcast will be available on the Bloom Energy investor relations website for one year at https://investor.bloomenergy.com/.
About Bloom Energy
Bloom Energy’s mission is to make clean, reliable energy affordable for everyone in the world. The company’s product, the Bloom Energy Server, delivers highly reliable and resilient, always-on electric power that is clean, cost-effective, and ideal for microgrid applications. Bloom’s customers include many Fortune 100 companies and leaders in manufacturing, data centers, healthcare, retail, higher education, utilities, and other industries. For more information, visit www.bloomenergy.com
Forward-Looking Statements under the Private Securities Litigation Reform Act of 1995
This press release contains forward-looking statements within the meaning of the federal securities laws that involve risks and uncertainties. Words such as “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “seeks,” “estimates,” “can,” “may,” “will,” “would” and similar expressions identify such forward-looking statements. These statements include, but are not limited to statements regarding the use of net proceeds from its recent Green Convertible Senior Notes offering; and Bloom Energy’s ability to pursue growth opportunities on its technology roadmap and to bring the applications on its platform into new industrial markets. These statements should not be taken as guarantees of results and should not be considered an indication of future activity or future performance. Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties, including those included in the risk factors section and other sections of Bloom’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2020 and other risks detailed in Bloom’s SEC filings from time to time. Bloom undertakes no obligation to revise or publicly update any forward-looking statements unless if and as required by law.
Investor Relations
Mark Mesler
Bloom Energy
+1 (408) 543-1743
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Media Relations
Jennifer Duffourg
Bloom Energy
+1 (480) 341-5464
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~Greenlane to supply biogas upgrading systems to returning customer, Brightmark, for a project generating RNG from dairy farms for injection into the local gas grid~
VANCOUVER, British Columbia--(BUSINESS WIRE)--$GRN #RNG--Greenlane Renewables Inc. (“Greenlane”) (TSXV: GRN / FSE: 52G) today announced that its wholly-owned subsidiary, Greenlane Biogas North America Ltd., has signed an $7.7 million (US$5.8 million) contract for a new renewable natural gas (“RNG”) project developed by San Francisco, California-based Brightmark LLC (“Brightmark”). The multiple-site dairy farm project in the State of Florida will utilize Greenlane’s pressure swing adsorption (“PSA”) biogas upgrading systems.
“This is a showcase project and second contract with Brightmark, one of the leading RNG project developers in the United States,” said Brad Douville, President & CEO of Greenlane. “We’re honored to be a trusted collaborator for this exciting new project in Florida.”
Greenlane’s biogas upgrading systems will be used in Brightmark’s Sobek RNG project in Okeechobee County, Florida, at four Larson family dairy farms. The project is anticipated to generate 171,000 MMBtu annually of RNG upon completion, which will be injected into the local interstate gas pipeline system. Order fulfilment by Greenlane will start immediately.
“Greenlane’s industry expertise and track record in designing and providing biogas upgrading systems were exactly what we were looking for in a partner as we continue to grow our RNG project portfolio,” said Bob Powell, Founder and CEO of Brightmark. “This helped us de-risk and conclude the project financing, an important step prior to starting construction.”
As announced by Brightmark yesterday, they have formed a joint venture with a multinational energy corporation to own projects across the United States to produce and market dairy RNG. The news release is at: https://www.brightmark.com/2020/10/chevron-brightmark-partnership/
About Brightmark
Brightmark is a global waste solutions company that takes a holistic approach to tackling the planet’s most pressing environmental challenges with imagination and optimism for the future. Brightmark offers waste solutions focused on plastics renewal and producing clean energy through organic waste. For more information please visit www.brightmark.com.
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 100 biogas upgrading units 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.greelanerenewables.com.
FORWARD-LOOKING INFORMATION – This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not historical in nature contain forward-looking information. Forward-looking information can be identified by words or phrases such as “may”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions "may" or "will" happen. The forward-looking information contained in this press release, includes, but is not limited to, Greenlane supplying biogas upgrading systems for Brighmark’s Sobek RNG project utilizing Greenlane’s pressure swing adsorption (PSA) systems for dairy farm applications in the United States; the resulting renewable natural gas being injected into the natural gas pipeline; the project generating sufficient amounts of RNG upon completion; order fulfilment starting immediately; and that there will be future opportunities to work together with Brightmark. The forward-looking information contained herein is made as of the date of this press release and is based on assumptions management believed to be reasonable at the time such statements were made, including management's perceptions of future growth, results of operations, operational matters, historical trends, current conditions and expected future developments, as well as other considerations that are believed to be appropriate in the circumstances. While we consider these assumptions to be reasonable based on information currently available to management, there is no assurance that such expectations will prove to be correct. By their nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. A variety of factors, including known and unknown risks, many of which are beyond our control, could cause actual results to differ materially from the forward-looking information in this press release. Such factors include, without limitation, the risks that Greenlane will not be able to supply to the Brightmark Sobek RNG project the biogas upgrading systems as contemplated; the resulting renewable natural gas may not be injected into the natural gas pipeline; the project may not be a success or as expected; order fulfilment may not occur as contemplated or at all; and future opportunities to work with Brightmark may not be as expected. Additional risk factors can also be found in the Company's annual information form, which has been filed under the Company's SEDAR profile at www.sedar.com. Readers are cautioned not to put undue reliance on forward-looking information. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release or has in any way approved or disapproved of the contents of this press release.
Incite Capital Markets
Eric Negraeff / Darren Seed
Ph: 604.493.2004
Brad Douville, President & CEO, Greenlane Renewables
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SPRING, Texas--(BUSINESS WIRE)--Southwestern Energy Company (NYSE: SWN) today announced its borrowing base was reaffirmed at $1.8 billion during its fall semi-annual redetermination. Additionally, upon the close of the Montage Resources acquisition, the Company’s borrowing base and bank commitments will increase to $2.0 billion, with asset coverage exceeding the Company’s borrowing base level.
“The recent supportive actions by our bank group in this challenging market are further evidence of our financial strength and the positive reception of our acquisition of Montage Resources. We sincerely value the strong relationships with our bank group and appreciate the confidence that the participating banks demonstrated in us throughout the process with their increased commitments,” said Bill Way, Southwestern Energy President and Chief Executive Officer.
“Our existing deep inventory of premium, Tier 1 locations in Appalachia supplemented by the high-quality assets of Montage, provide us with expanded asset coverage above our borrowing base. The acquisition and associated capital market transactions further enhance the financial resilience of Southwestern Energy and solidify our path to meaningful free cash flow generation and debt reduction while delivering differentiated shareholder value,” continued Way.
About Southwestern Energy
Southwestern Energy Company is an independent energy company engaged in natural gas, natural gas liquids and oil exploration, development, production and marketing. For additional information, visit our website www.swn.com.
Forward Looking Statement
This news release contains forward-looking statements. Forward-looking statements relate to future events and anticipated results of operations, business strategies, and other aspects of our operations or operating results. In many cases you can identify forward-looking statements by terminology such as “anticipate,” “intend,” “plan,” “project,” “estimate,” “continue,” “potential,” “should,” “could,” “may,” “will,” “objective,” “guidance,” “outlook,” “effort,” “expect,” “believe,” “predict,” “budget,” “projection,” “goal,” “forecast,” “model,” “target” or similar words. Statements may be forward looking even in the absence of these particular words. Where, in any forward-looking statement, the Company expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, there can be no assurance that such expectation or belief will result or be achieved. The actual results of operations can and will be affected by a variety of risks and other matters including, but not limited to, changes in commodity prices (including geographic basis differentials); changes in expected levels of natural gas, natural gas liquids and oil reserves or production; impact of reduced demand for our products and products made from them due to governmental and societal actions taken in response to the COVID-19 pandemic; operating hazards, drilling risks, unsuccessful exploratory activities; natural disasters and epidemics; limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial markets; international monetary conditions; the risks related to the discontinuation of LIBOR and/or other reference rates that may be introduced following the transition, including increased expenses and litigation and the effectiveness of interest rate hedge strategies; unexpected cost increases; potential liability for remedial actions under existing or future environmental regulations; failure or delay in obtaining necessary regulatory approvals; potential liability resulting from pending or future litigation; general domestic and international economic and political conditions, including the impact of COVID-19; the impact of a prolonged federal, state or local government shutdown and threats not to increase the federal government’s debt limit; as well as changes in tax, environmental and other laws, including court rulings, applicable to our business. Other factors that could cause actual results to differ materially from those described in the forward-looking statements include other economic, business, competitive and/or regulatory factors affecting our business generally as set forth in our filings with the Securities and Exchange Commission. Unless legally required, Southwestern Energy Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Investor Contact
Brittany Raiford
Director, Investor Relations
(832) 796-7906
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Bernadette Butler
Investor Relations Advisor
(832) 796-6079
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AKRON, Ohio--(BUSINESS WIRE)--$BW--Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Environmental segment will design and supply its highly efficient SPIG S.p.A. cooling towers for a pulp mill operated by LD Celulose S.A. in the Triângulo Mineiro region in Brazil. The contract is valued at approximately $2 million.
LD Celulose S.A. is a joint venture between the Austria-based Lenzing Group and the Brazil-based Duratex. The plant will produce 500,000 tons of soluble cellulose annually.
“B&W Environmental’s specialized SPIG cooling solutions can be tailored for the needs of the pulp & paper industry and for soluble cellulose production,” said SPIG Managing Director Alberto Galantini. “We see a growing market for our services in South America, especially in Brazil.”
“For this project, we will provide SPIG cooling tower cells with concrete structures, engineered to meet our customer’s specifications,” Galantini said. “We thank LD Celulose for this opportunity and look forward to a long-term cooperation with them as we further extend our presence in the South American pulp and paper market.”
The limited drift of the SPIG 10-cell, concrete cooling system reduces water emissions to the fan stack, reducing overall water use and maximizing efficiency, while high-quality, resistant materials provide the tower with an extended operable lifespan. The cooling tower and other equipment is scheduled to be delivered in the first half of 2021.
B&W Environmental’s experience includes wet, dry and wet/dry hybrid cooling solutions as dictated by site-specific requirements. The company’s specialized services include preventive maintenance, equipment upgrades, replacement and spare parts, online performance monitoring, and a commitment to research and development to continually seek new and more efficient cooling system solutions.
About B&W
Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc., is a global leader in energy and environmental technologies and services for the power and industrial markets. Follow us on Twitter @BabcockWilcox and learn more at www.babcock.com.
About B&W Environmental
Babcock & Wilcox Environmental offers a full suite of best-in-class emissions control products and solutions for utility and industrial steam generation applications around the world. The segment’s broad experience includes systems for ash handling, particulate control, nitrogen oxides and sulfur dioxides removal, chemical looping for carbon control, and mercury control, along with cooling solutions.
Forward-Looking Statements
B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the execution and completion of a contract to design and supply cooling towers for a pulp mill operated by LD Celulose S.A. in the Triângulo Mineiro region in Brazil. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.
Investor Contact:
Megan Wilson
Vice President, Corporate Development & Investor Relations
Babcock & Wilcox
704.625.4944 | This email address is being protected from spambots. You need JavaScript enabled to view it.
Media Contact:
Ryan Cornell
Public Relations
Babcock & Wilcox
330.860.1345 | This email address is being protected from spambots. You need JavaScript enabled to view it.
DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (“Pioneer”) (NYSE:PXD) today announced its third quarter 2020 earnings news release is scheduled to be issued after the close of trading on the New York Stock Exchange on Wednesday, November 4, 2020.
A conference call is scheduled for Thursday, November 5, 2020, at 9:00 a.m. Central Time to discuss the third quarter results. Instructions on how to listen to the call and view the accompanying presentation are shown below.
Internet: www.pxd.com
Select “Investors” then “Earnings & Webcasts” to listen to the discussion and view the presentation.
Telephone: Dial (800) 353-6461 confirmation code 6756515 five minutes before the call. View the presentation via Pioneer’s internet address above.
A replay of the webcast will be archived on Pioneer’s website. Alternatively, an audio replay will be available through December 1, 2020. To register and access the replay, click here and enter confirmation code 6756515.
Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer’s website at www.pxd.com.
Pioneer Natural Resources Contacts:
Investors
Neal Shah – 972-969-3900
Tom Fitter – 972-969-1821
Michael McNamara – 972-969-3592
Media and Public Affairs
Tadd Owens – 972-969-5760
Expertise in multiple renewables technologies key to successful delivery of UK-wide initiative
REDHILL, Surrey--(BUSINESS WIRE)--Black & Veatch has secured UK energy regulator Ofgem’s Renewable Obligation Statistical Audit Programme. The award follows a process of competitive tender.
The company will deliver the regulator’s new statistical audit programme of randomly selected accredited renewable energy generating stations. The new work, to be carried out alongside the existing targeted audit programme, significantly increases the number of audits Black & Veatch will conduct for Ofgem.
“We will audit onshore and offshore wind, solar, marine, biomass, hydro and landfill/ sewage gas generating sites. It is a mark of our renewable energy team’s breadth of expertise that we have been entrusted to audit such a diverse range of technologies,” commented Robbie Gibson, Black & Veatch’s Director for renewable energy in Europe.
The audits aim to give Ofgem further assurances that the information provided for accreditation and Renewable Obligation (RO) claims is accurate; and to detect and deter non-compliance across the population of sites. The new statistical audit programme will increase the regulator’s understanding of the level and types of non-compliance across the population of renewable energy scheme participants.
“Ensuring the RO scheme functions effectively is central to the UK’s NetZero ambitions. This is why the renewable electricity generator audits are so important,” Gibson added.
The audits will add to the current growth and success of Black & Veatch Europe’s renewables team with the creation of several new roles. In other recent successes the team has authored a first of a kind report on MeyGen Phase 1, which will help the commercial viability of tidal stream energy; delivered financial close for ING Bank on three windfarms in the Irish Republic; and been hired to deploy digital twin technology to support the optimisation and cost reduction of Orbital’s floating tidal turbines.
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About Black & Veatch
Black & Veatch is an employee-owned engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people in over 100 countries by addressing the resilience and reliability of our world's most important infrastructure assets. Our revenues in 2019 were US$3.7 billion. Follow us on www.bv.com and on social media.
MALCOLM HALLSWORTH | +44 1737 856594 p | +44 7920 701764 m | This email address is being protected from spambots. You need JavaScript enabled to view it.
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PORTLAND, Ore.--(BUSINESS WIRE)--The Board of Directors of Northwest Natural Holding Company (NYSE: NWN) has increased the quarterly dividend to 48 cents per share on the Company's common stock.
The dividend will be paid on Nov. 13, 2020 to shareholders of record on Oct. 30, 2020. The Company's indicated annual dividend rate is $1.92 per share.
About NW Natural Holdings
Northwest Natural Holding Company, (NYSE: NWN) (NW Natural Holdings), is headquartered in Portland, Oregon, and through its subsidiaries has been doing business for more than 160 years in the Pacific Northwest. It owns NW Natural Gas Company (NW Natural), NW Natural Water Company (NW Natural Water), and other business interests and activities.
NW Natural is a local distribution company that currently provides natural gas service to approximately 2.5 million people in more than 140 communities through nearly 770,000 meters in Oregon and Southwest Washington with one of the most modern pipeline systems in the nation. NW Natural consistently leads the industry with high J.D. Power & Associates customer satisfaction scores.
NW Natural Holdings’ subsidiaries own and operate 35 Bcf of underground gas storage capacity with NW Natural operating 20 Bcf in Oregon.
NW Natural Water provides water distribution and wastewater services to communities throughout the Pacific Northwest and Texas. NW Natural Water currently serves approximately 62,000 people through about 25,000 connections. Learn more about our water business at nwnaturalwater.com.
Additional information is available at nwnaturalholdings.com.
Investor Contact: Nikki Sparley
Phone: 503-721-2530
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BARCELONA, Spain--(BUSINESS WIRE)--Wallbox, the leading energy management company that manufactures smart charging solutions for electric vehicles (EV), is disrupting the public charging industry with Supernova, its first fast public charger with 65kW power at half the total investment of similar chargers.
Supernova is the first public charger developed by Wallbox and introduces unprecedented levels of efficiency and operational stability into this market segment. Supernova offers an optimized internal design to make it light and easy to install by integrating multiple elements of Wallbox’s award-winning bidirectional charger Quasar. The product doesn’t compromise on aesthetics, with a modern, ergonomic layout that is synonymous with the Wallbox brand and its signature hallmarks of innovation and design.
Wallbox’s entry in the public charging segment complements its existing products and services offering for residential and semi-public charging that are currently available in over 40 countries globally.
The sector, currently valued at 11.7 billion, will grow exponentially in the next few years, driven by extensive investment globally to expand public charging networks. Europe is installing 1 million public charge points by 2025 and France alone is committing to 100,000 chargers next year. Germany is aiming for 1 million chargers this decade.
The Chinese government has announced in March a stimulus package that allocates $1.4B to EV charging and aims to install 600,000 new chargers, 50% increase to the country’s current structure.
In the US, some states such as New York and California have announced plans to expand the charging network, committing millions in funds to that end.
Wallbox expects sales in this market segment will represent up to 30% of revenue in 2021 and will lead to the creation of 200 new direct jobs by 2025.
The company has developed Supernova with the goal of overcoming the following challenges of public charging in cities:
Efficiency: Supernova has nine systems that work in harmony to provide maximum power, yet maintain operational independence. This modular assembly offers unprecedented flexibility and reliability to ensure the charger continues to operate optimally regardless of the circumstances.
Product, installation and maintenance costs: Supernova reduces the costs associated with equivalent public charging solutions by approximately 50%. The optimized charger design ensures a more efficient product with lower production cost and its modular composition offers installation and maintenance advantages by requiring simpler infrastructure and resources, like eliminating the need for heavy machinery to transport the product.
Supernova will accelerate the virtuous cycle of creating better public charging infrastructure to inspire the adoption of EV
“Ultimately, for EV to completely replace internal combustion vehicles, we must eliminate any inconvenience associated with charging and offer its users a perfect experience, be it at home or while taking a road trip. An extensive and efficient network of public chargers is essential for this. With a less expensive and more reliable charger like the Supernova, we can accelerate the virtuous cycle of creating this infrastructure which, in turn, will drive the adoption of EV,” said Enric Asunción, co-founder and CEO of Wallbox.
Iberdrola, which recently announced plans to invest €150 million in sustainable mobility to intensify the deployment of charge points, has identified a clear need for supporting electromobility through the coordinated and efficient action between its main stakeholders.
“In our strategy to transition towards a carbon-free economy, we continue to bet on electric transportation as a key lever to reduce emissions and pollution, as well as for a green recovery of the economy in the post-COVID world,” said Raquel Blanco, Global Director of Smart Mobility at Iberdrola, said.
Iberdrola has already signed over 40 agreements for deploying charging infrastructure.
“Through Perseo, the company invests in innovative startups with high technological potential, such as Wallbox, to drive the development of key technology for transportation electrification,” added Blanco.
Iberdrola expects around 150,000 charger points to be installed in homes and businesses, as well as urban roads and main highways across Spain in the next five years. The company plans to deploy a high efficiency charging network by installing ultra-fast stations with 350 kW of power for every 200 kilometers, super-fast with 150 kW for every 100 kilometers and fast charging stations with 50 kW or more of power for every 50 kilometers.
100km of autonomy in less than 15 minutes
“Supernova is our answer to the growing needs of EV users and the cities they live in. We have applied the same development concepts and fundamentals that we used to make Quasar, the world's lightest, smallest and most efficient bidirectional charger. The result is a charger that is exponentially more stable and efficient, easier to install and maintain,” said Eduard Castañeda, co-founder and Chief Product Officer of Wallbox.
“With a product like Supernova, it’s possible to exponentially grow the number of charging points in urban areas to match the routines of EV drivers, like commuting, shopping or leisure activities. With 65 kW of power, users will be able to charge 100km (62 miles) of autonomy in their vehicle in less than 15 minutes,” Castañeda added.
Wallbox’s strategic move follows its acquisition of Electromaps, the leading platform for accessing the largest network of public charging points for EV. As many as 95% of Spain’s EV users depend on Electromaps to locate and share information about public charging points and the company plans to roll out the platform in new markets in the coming months.
The EV driver at the center of everything
“New technologies often disrupt our routines. This change is only accelerated by providing sufficient incentives to overcome the barriers to adopt better solutions. Most consumers agree that electric mobility is beneficial because of the lower environmental impact and improved driving experience,” said Bárbara Calixto, CMO of Wallbox.
“However, concerns about charging infrastructure have been one of the main deterrents when considering an EV. Fortunately, countries with mature charging networks, such as Norway and Sweden, provide a promising outlook of the future - the development of charging infrastructure and adoption of EV in parallel. As the former becomes larger, it accelerates the latter. In turn, more EV will make public charging more attractive and economically viable,” Calixto added.
Next steps
Wallbox is developing even more powerful chargers, which are being designed to adapt to different charge speeds and travel ranges, such as a 150 kW charger for intercity day trips and a 250 kW product for longer distances.
The Supernova will be manufactured in Spain and will require a €5 million investment over the next two years. Production is expected to start in the second quarter of 2021 and distribution will first occur in Europe and then in the US and other countries.
About Wallbox
Wallbox is a leading energy management company that manufactures smart charging solutions for electric vehicles. Combining state-of-the-art technology with exceptional design, Wallbox creates a smart ecosystem that improves the way we manage, use and store energy. Created in 2015 and with its headquarters in Barcelona, Wallbox’ mission is to facilitate the adoption of electric vehicles today to make a more sustainable use of energy tomorrow. Envisioning a world free of fossil fuels, Wallbox™ technology enables people to create, use and share renewable energy in ways they never imagined. It currently sells to more than 40 countries and has 250 staff spread across offices in Europe, Asia, and America, as well as 2 factories of its own. Wallbox offers four types of chargers, including Quasar, the world’s smallest and lightest bidirectional charger for home use with advanced two-way charging technology. It was recognized with the highest distinction by CES, the world's leading technology trade show for the industry. During the first half of 2020 Wallbox completed a Series A round of investment of 23 million euros.
About Iberdrola
Iberdrola is a global energy leader, the number-one producer of wind power, and one of the world’s biggest electricity utilities by market capitalisation. The Group supplies energy to almost 100 million people in dozens of countries including Spain, the United Kingdom (ScottishPower), the United States (AVANGRID), Brazil (Neoenergia), Australia (Infigen) Mexico, Germany, Portugal, Italy and France. With a workforce of more than 35,000 and assets in excess of €122 billion, it achieved a turnover of over €36.4 billion and a net profit of over €3.4 billion in 2019. Iberdrola is leading the transition towards a sustainable energy model through its investments in renewable energy, smart grids, large-scale energy storage and digital transformation, to offer the most advanced products and services to its customers. Thanks to its commitment to clean energy, Iberdrola is one of the companies with the lowest emissions and an international benchmark for its contribution to sustainability and the fight against climate change.
Chris Spillane
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Longtime Executives Mackie McCrea and Tom Long named as Co-Chief Executive Officers
Kelcy Warren to remain Executive Chairman
DALLAS--(BUSINESS WIRE)--Dallas-based Energy Transfer LP (NYSE: ET) announced today that long-time Energy Transfer executives Mackie McCrea and Tom Long have been named as Co-Chief Executive Officers, effective January 1, 2021. Energy Transfer co-founder Kelcy Warren will remain as Executive Chairman of Energy Transfer and Chairman of the Board of Directors. As Co-CEOs, McCrea and Long will work together in the manner of an “Office of the CEO” and will jointly direct the business of the Partnership. Warren will continue to be actively involved in the strategic direction of the Partnership.
McCrea first joined the Partnership in 1997 as Senior Vice President Business Development. Since that time he has served in a number of leadership roles including Group Chief Operating Officer and Chief Commercial Officer of Energy Transfer Operating, L.P., and most recently as President and Chief Commercial Officer of Energy Transfer. McCrea also serves on the Energy Transfer Board of Directors.
Long has served as the Partnership’s Chief Financial Officer since February of 2016. Prior to assuming this role, he served for five years as Executive Vice President and Chief Financial Officer of Regency Energy Partners LP, which was acquired by Energy Transfer in 2010. Before that, he held leadership positions with Matrix Service Company and DCP Midstream Partners, LP, among others. Long also serves on the Boards of Directors of Energy Transfer and Sunoco LP, and is Chairman of the Board of USA Compression Partners, LP.
Warren, who has been a leader in the energy industry for more than 40 years, co-founded Energy Transfer in 1996 with approximately 200 miles of natural gas pipelines and 20 employees. Today, Energy Transfer is an international company with the largest and most diversified portfolio of energy assets in the United States.
“Although I am stepping away from the day-to-day management of our business, I will continue to be intimately involved in the strategic growth of Energy Transfer,” said Warren. “I could not be more proud to pass the reins to Mackie and Tom. Both have greatly contributed to our success, which I know they will continue in their new roles. I have the utmost respect for them personally and professionally, and I know that they, along with the rest of the senior management team, will continue to provide outstanding leadership for our more than 10,000 employees and value for our unitholders.”
Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with a strategic footprint in all of the major domestic production basins. ET is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, NGL and refined product transportation and terminalling assets; NGL fractionation; and various acquisition and marketing assets. ET, through its ownership of Energy Transfer Operating, L.P., also owns Lake Charles LNG Company, as well as the general partner interests, the incentive distribution rights and 28.5 million common units of Sunoco LP (NYSE: SUN), and the general partner interests and 46.1 million common units of USA Compression Partners, LP (NYSE: USAC). For more information, visit the Energy Transfer LP website at www.energytransfer.com.
Forward-Looking Statements
This news release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal law. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. An extensive list of factors that can affect future results are discussed in the Partnership’s Annual Report on Form 10-K and other documents filed from time to time with the Securities and Exchange Commission, including the Partnership’s Quarterly Report on Form 10-Q to be filed for the current period. In addition to the risks and uncertainties previously disclosed, the Partnership has also been, or may in the future be, impacted by new or heightened risks related to the COVID-19 pandemic and the recent decline in commodity prices, and we cannot predict the length and ultimate impact of those risks. The Partnership undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.
The information contained in this press release is available on our website at www.energytransfer.com.
Energy Transfer Media Relations
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SANTA CLARA, Calif.--(BUSINESS WIRE)--#pvsolar--Aptos Solar Technology, a supplier of high-performance solar modules, announces a successful completion of accelerated environmental tests performed by Renewable Energy Testing Center (RETC). The data revealed from testing confirms the reliability of Aptos Solar Technology’s DNATM modules for extreme weather conditions over an extended period of time.
As a leader in defining quality standards for renewable energy products, RETC provides a rigorous series of tests to ensure the durability of solar modules. Achieving recognition by RETC, in addition to holding standard UL & IEC certifications, makes the DNATM module by Aptos Solar Technology a competitive choice for those seeking durability in module performance.
“A high-quality PV module not only demonstrates high performance at standard test conditions but also performs well in real-world conditions over its intended service life. Aptos has shown a continued commitment to module quality and performance by diligently testing their products and ensuring their bill of materials are proven to be durable,” said Cherif Kedir, President & CEO of RETC.
The DNATM product line surpasses base standards for solar modules by 3x the amount recommended by the International Electromechanical Commission (IEC). This means that the number of hours or cycles required by the IEC in each test category was tripled and the DNATM series was able to perform below the degradation base line set by the IEC.
“As a U.S.-based company, we take great pride in supplying our customers with quality products built tough enough to perform exceptionally in harsh weather conditions. These results are a testament to the American innovation and engineering that our team brings to the market,” said Frank Pham, CEO & Co-founder of Aptos Solar Technology.
Aptos Solar Technology is a recipient of the “Golden Standard” for Dynamic Mechanical Load testing. This test characterizes the performance and electrical integrity of a module by subjecting it to a series of environmental stress tests. Dynamic Mechanical Load testing helps evaluate if components within the module (including solar cells, interconnect ribbons, and/or electrical bonds) are susceptible to breakage, or if edge seals are likely to fail due to mechanical stress encountered during installation and operation. The DNATM series is now certified for wind speeds up to 210 mph and snow loads up to 4 ft.
To learn more about Aptos Solar Technology’s quality standards visit: www.aptossolar.com/quality.
Aptos Solar Technology is a U.S. based solar panel supplier committed to providing innovative and affordable solar technology. Aptos Solar Technology panels are optimized with patented Dual Nano Absorber (DNATM) technology which allows the panel to operate at high efficiencies in extreme temperature environments. Aptos Solar Technology offers solar solutions suitable for utility, commercial, and residential applications. To learn more about Aptos Solar Technology visit www.aptossolar.com, follow @aptossolar on Twitter or connect on LinkedIn.
RETC is a leading engineering services and certification testing provider for renewable energy products headquartered in Fremont, CA. RETC puts customers at the forefront while bringing value at all stages— from R&D, market-entry, to bankability. Since its founding in 2009, manufacturers, developers, and investors have partnered with RETC to test products from a broad range of module, inverter, storage, and racking manufacturers. Only the latest testing standards and industry-accepted methods of vetting products are used in RETC labs. RETC is united by the belief that our work is enabling a safer and more sustainable future. Let’s work together: https://retc-ca.com/
Lexie Lucas, Marketing Director
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$600 Million available for financing energy efficiency, generation and storage initiatives that help companies meet sustainability goals and reduce energy costs
BOSTON & SAN FRANCISCO--(BUSINESS WIRE)--Please replace the release with the following corrected version due to multiple changes to the fifth paragraph.
The updated release reads:
ALTURUS LLC AND GENERATE FORM SUSTAINABLE INFRASTRUCTURE FINANCING PARTNERSHIP FOR FORTUNE 1000 CUSTOMERS
$600 Million available for financing energy efficiency, generation and storage initiatives that help companies meet sustainability goals and reduce energy costs
Alturus, a leading provider of sustainable infrastructure finance and advisory services, today announced a new partnership with Generate. The partnership provides Alturus with up to $600 million to be deployed into energy efficiency, onsite generation and storage solutions for its Fortune 1000 customers. Generate has also made a minority investment in Alturus and David Perl, a Managing Director at Generate, will join the Alturus Board of Directors.
“Alturus has developed a highly differentiated approach to helping Fortune 1000 companies meet their sustainability goals and infrastructure upgrade needs in this multi-trillion-dollar market opportunity. They serve as a strategic partner for their customers and help them to identify the most effective ways to reduce the greenhouse gas emissions and energy costs of their operating facilities without any upfront investment required,” said Scott Jacobs, CEO of Generate. “The management team at Alturus has a long track record of identifying, developing and delivering market leading sustainability products for the Fortune 1000. With more than 1000 customers across North America already depending on Generate for affordable, reliable, sustainable energy solutions, our partnership with Alturus will accelerate the transition to a decentralized, decarbonized, democratized and digitized resource infrastructure.”
Alturus was founded in 2018 to accelerate corporate energy and sustainability initiatives. Alturus has developed a suite of advisory services and contract structures that enable customers to leverage the most efficient lighting, HVAC, building control, onsite cogeneration, energy storage and water treatment technologies available at no upfront cost. Alturus identifies, optimizes, develops and finances portfolios of projects on behalf of its customers. Projects are deployed and managed using Alturus’ proprietary service-based contract model. This enables customers to deploy programmatic solutions at scale, accelerating reductions in carbon emissions and energy costs.
“Historically, even if they have known about opportunities for significant emissions reduction or cost savings, Fortune 1000 companies have had difficulty implementing energy efficiency programs at scale,” said Charles Esdaile, Managing Partner of Alturus. “Projects have had to compete for internal capital against core business activities that are treated as higher priorities. This partnership with Generate allows us to remove those barriers and provide our customers with an attractive, scalable, service-based solution that helps to bring enterprise-wide energy efficiency programs to the frontlines of sustainability conversations unlike ever before.”
“Partnering with Alturus has enabled us to take a more centralized, strategic view of our existing corporate energy management and facility upgrade initiatives. Their unique approach has helped us quickly assess the value of using outside capital to support our energy efficiency investments across our entire manufacturing footprint. The work we are doing with Alturus will accelerate our ability to deliver on our sustainability commitments, reduce our carbon footprint and control our energy costs – while simultaneously freeing up our capital for other projects,” said Rodgers Greenawalt, EVP of Operations as Berry Global Group, Inc., an Alturus customer.
“Alturus is thrilled to partner with Generate for the next phase of our growth,” said Christopher Hayes, Managing Partner at Alturus. “Generate’s investment in our company and the availability of up to $600 million for Alturus-led energy efficiency, generation and storage programs will help us to reinvent the way that today’s most sophisticated companies manage the energy-based infrastructure at their facilities worldwide.”
About Alturus
Alturus provides comprehensive infrastructure and energy efficiency advisory and development services to large companies that are interested in reducing the emissions footprint and energy costs associated with operating their facilities - without any upfront investment required. Customers rely on Alturus to identify and develop centralized, scalable and programmatic solutions for all of their lighting, HVAC, building control, onsite cogeneration, energy storage and water treatment projects. For more information, please visit www.alturus.com.
About Generate
Generate is the one-stop shop driving the Infrastructure Revolution, providing both money and support to project developers, technology companies, and system integrators while delivering affordable, reliable and sustainable resources to customers. Founded in 2014, Generate works with infrastructure pioneers to build, own, operate, and finance the sustainable infrastructure that provides affordable, reliable resources to more than 1000 companies, communities and campuses. Together, we are rebuilding the world. For more information, visit www.generatecapital.com.
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Carrier’s new Lynx digital platform will provide customers with greater connectivity, visibility, and intelligence across the cold chain to improve safe transport of temperature-controlled items
SEATTLE & PALM BEACH GARDENS, Fla.--(BUSINESS WIRE)--Today, Amazon Web Services, Inc. (AWS), an Amazon.com company (NASDAQ: AMZN), and Carrier Global Corporation (NYSE: CARR), a leading global provider of healthy, safe, and sustainable building and cold chain solutions, announced a multi-year agreement to co-develop Carrier’s new Lynx™ digital platform. This suite of tools will provide Carrier customers around the world with enhanced visibility, increased connectivity, and actionable intelligence across their cold chain operations to improve outcomes for temperature-sensitive cargo, including food, medicine, and vaccines. The collaboration builds on Carrier’s selection of AWS as its preferred cloud services provider in February 2020.
The Lynx platform will combine AWS’s IoT, analytics, and machine learning services with Carrier’s refrigeration and monitoring solutions, extending Carrier’s current digital offerings for managing the temperature-controlled transport and storage of perishables. Customers using the Lynx platform will benefit from end-to-end tracking, real-time alerts, automated processes, and predictive analytics to help them deliver temperature-controlled cargo more efficiently, in turn decreasing the cost of cold chain operations by optimizing resource utilization and reducing cargo loss and spoilage.
Leveraging AWS IoT services to collect, integrate, organize, and analyze data from Carrier’s large installed base of refrigeration equipment and monitoring solutions, along with sources such as traffic and weather reports, the Lynx platform will provide a comprehensive view of cargo location, temperature conditions, and external events that could impact cold chain operations. This information will feed into a data lake built on Amazon Simple Storage Service (Amazon S3) where Carrier can use AWS machine learning services to identify potential issues that could impact cargo, as well as run sophisticated analytics to develop recommendations for improving outcomes. For example, by analyzing historic and real-time performance data from Carrier’s cloud-connected equipment, the Lynx platform could suggest proactive maintenance to maximize a specific piece of equipment’s availability. Looking ahead, Carrier and AWS plan to introduce a capability for the Lynx platform to provide recommendations related to cargo routing and improved fleet utilization, adding greater resilience into the cold chain that will help Carrier’s customers to manage costs, schedules, and resources.
“Carrier is committed to delivering a healthier, safer, and more sustainable cold chain. Through this collaboration with AWS, we are developing a uniquely powerful ecosystem to give our customers greater flexibility, visibility, and intelligence across the cold chain,” said David Appel, President, Carrier Refrigeration. “The Lynx platform will help our customers make faster, data-driven decisions to improve the effectiveness, efficiency, and sustainability of their supply chains. This digital solution will enhance connectivity across the cold chain, decreasing delays for cargo that is critical to global health and well-being, while reducing cargo damage, loss, and unanticipated costs.”
“Carrier and AWS are tackling the complexity and fragmentation of the cold chain to give supply chain customers the transparency, flexibility, and insights they require to reduce risk and deliver food, medicine, and vaccines when and where they’re needed,” said Sarah Cooper, General Manager, IoT Solutions at Amazon Web Services, Inc. “This project, which combines Carrier’s cold chain expertise with AWS’s digital experience and unparalleled portfolio of services, highlights how entire industries stand to benefit from digital transformation through increased efficiency, reduced costs, and greater dependability.”
Visit Carrier.com/Lynx to learn more.
About Amazon Web Services
For 14 years, Amazon Web Services has been the world’s most comprehensive and broadly adopted cloud platform. AWS offers over 175 fully featured services for compute, storage, databases, networking, analytics, robotics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, virtual and augmented reality (VR and AR), media, and application development, deployment, and management from 77 Availability Zones (AZs) within 24 geographic regions, with announced plans for nine more Availability Zones and three more AWS Regions in Indonesia, Japan, and Spain. Millions of customers—including the fastest-growing startups, largest enterprises, and leading government agencies—trust AWS to power their infrastructure, become more agile, and lower costs. To learn more about AWS, visit aws.amazon.com.
About Amazon
Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. For more information, visit www.amazon.com/about and follow @AmazonNews.
About Carrier
As the leading global provider of healthy, safe and sustainable building and cold chain solutions, Carrier Global Corporation is committed to making the world safer, sustainable and more comfortable for generations to come. From the beginning, we’ve led in inventing new technologies and entirely new industries. Today, we continue to lead because we have a world-class, diverse workforce that puts the customer at the center of everything we do. For more information, visit www.Corporate.Carrier.com or follow us on social media at @Carrier.
This press release contains forward-looking statements concerning future business opportunities. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to challenges in the design, development, production, support, performance and realization of the anticipated benefits of advanced technologies; as well as other risks and uncertainties, including but not limited to those detailed from time to time in Carrier Global Corporation’s Securities and Exchange Commission filings.
Amazon.com, Inc.
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LONDON--(BUSINESS WIRE)--#HighperformanceElectricMotorcycleMarket--Technavio has been monitoring the high-performance electric motorcycle market and it is poised to grow by 28,123 units during 2020-2024, progressing at a CAGR of over 35% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Bell Custom Cycles, Energica Motor Co. Spa, Evoke Electric Motorcycles, Harley-Davidson Inc., KWANG YANG MOTOR Co. Ltd., Lightning Motors Corp., Sarolea Manx Ltd., SONGUO MOTORS Co. Ltd., TACITA Srl, and Zero Motorcycles Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The development of hubless electric motorcycles has been instrumental in driving the growth of the high-performance electric motorcycle market size.
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High-Performance Electric Motorcycle Market 2020-2024: Segmentation
High-Performance Electric Motorcycle Market is segmented as below:
High-Performance Electric Motorcycle Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The high-performance electric motorcycle market report covers the following areas:
This study identifies technological advances in high-performance electric motorcycles as one of the prime reasons driving the market growth during the next few years.
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High-Performance Electric Motorcycle Market 2020-2024: Key Highlights
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY TYPE
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
PART 15: EXPLORE TECHNAVIO
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Proclamation recognizes Fairbanks Morse and citizens of Beloit for contributions to U.S. Navy
BELOIT, Wis.--(BUSINESS WIRE)--Fairbanks Morse, a leading provider of solutions that are powering the world forward, is pleased to announce that Governor Tony Evers has proclaimed Oct. 9 as USS Beloit Day in Wisconsin.
“All of us at Fairbanks Morse are incredibly proud to be recognized, alongside the citizens of Beloit, for the more than 80 years we have provided the critical equipment that helps bring our U.S. Navy servicemen and servicewomen home safely,” said George Whittier, CEO of Fairbanks Morse.
The USS Beloit is named for the city of Beloit, Wisconsin in recognition of the citizens of Beloit and their long history and many contributions to the U.S. Navy and America’s national security. Fairbanks Morse is supplying the main propulsion engines for the USS Beloit (LCS 29), the U.S. Navy’s Freedom-class littoral combat ship. Major General Marcia M. Anderson (U.S. Army, Retired), a Beloit native, is the ship’s sponsor.
Based in Beloit, Fairbanks Morse has built engines for U.S. Navy ships for more than 80 years. Today, Fairbanks Morse engines are installed on approximately 80% of U.S. Navy ships that have a medium speed power application.
At the time of the announcement of the naming of the USS Beloit, U.S. Senator Tammy Baldwin, who advocated for naming the LCS 29 for the City of Beloit said, “The City of Beloit has a proud history of supporting the Navy and the U.S. military. Citizens of Beloit have selflessly served in our Armed Forces, and companies like Fairbanks Morse that call the city home—and boast patriotic workforces that are second to none—have ensured for generations that our servicemembers can safely and successfully complete their missions.”
The USS Beloit will be constructed by Lockheed Martin with Fincantieri Marinette Marine in Marinette, Wisconsin. The ship will be 387 feet long, have a beam length of 57.4 feet and travel at speeds in excess of 40 knots.
Full text of the proclamation:
WHEREAS; on October 9, 2018, it was announced that one of the future littoral combat ships of the United States Navy would be named the USS Beloit, after the southern Wisconsin city; and
WHEREAS; the first commissioned ship in naval service to be named after Beloit, the USS Beloit is currently under construction at Fincantieri Marinette Marine in Marinette; and
WHEREAS; according to U.S. Navy Secretary Richard V. Spencer, the ship’s name was chosen to honor the many contributions that the city of Beloit has made to the Navy, including engines built by Fairbanks Morse; and
WHEREAS; today, the state of Wisconsin joins all Wisconsinites in celebrating the naming of the USS Beloit and in honoring the contributions of the ship’s namesake city to the strength and capability of the U.S. Navy;
NOW THEREFORE; I, Tony Evers, Governor of the State of Wisconsin, do hereby proclaim October 9, 2020, as
USS BELOIT DAY
throughout the State of Wisconsin and I commend this observance to all our state’s residents.
About Fairbanks Morse
Fairbanks Morse manufactures and services heavy-duty, medium-speed reciprocating engines under the Fairbanks Morse® and ALCO® brand names, which are used primarily in marine and power generation applications. Fairbanks Morse has been the original equipment manufacturer of its engines for over 125 years and has a large installed base for which it supplies aftermarket parts and services. Fairbanks Morse is the principal supplier of diesel engines to the U.S. Navy, U.S. Coast Guard and Canadian Coast Guard. One hundred percent of manufacturing is conducted in its U.S. based facility in Beloit, Wis., while aftermarket parts and services are delivered through its growing network of service centers strategically located around the U.S. Fairbanks Morse is a portfolio company of Arcline Investment Management. Learn more about Fairbanks Morse by visiting www.fairbanksmorse.com.
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Wendy Prabhu
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