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.
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AirWarden™ “Smart Drone Detection” Allows Placement of Sensor Electronics in A Data Center Up to 20 Kilometers Away from Detection Antenna
HOLMDEL, N.J.--(BUSINESS WIRE)--#CUAS--AeroDefense announced a revolutionary “Smart Drone Detection” deployment option for their proven AirWarden™ system. AirWarden’s existing four-inch, four-ounce detection antenna can now connect back to sensor electronics in a central location or data center over a fiber connection up to 20 kilometers away. Given its small size and weight, the antenna offers multiple mounting options to complement AirWarden’s Smart Drone Detection deployment model.
Urban environments challenge drone detection systems due to heavy radio frequency (RF) traffic. Complex structures that cause signal multipath and blockage issues necessitate high placement of equipment. Building owners may be reluctant to mount bulky hardware on their buildings. Similarly, airport runways cannot support bulky hardware mounting options. In both cases, aesthetics are important. While temporary deployments are sometimes considered a solution, this creates a gap in identifying nefarious actors who conduct test flights.
The AirWarden Smart Drone Detection deployment model allows for low profile, aesthetically pleasing drone detection that effectively detects, classifies, tracks, and locates drones and their pilots in heavy RF environments.
Smart cities can deploy fiber connected permanent antennas in critical areas and equip mobile command vehicles and marine vessels with the same small antenna and easily portable sensor electronics. Individual property owners can deploy on ethernet or fiber or wireless. At a smart airport, antennas can be deployed along runways and around airport perimeters.
AirWarden has been deployed in the congested RF environment of MetLife Stadium since 2018 and was recently successfully tested in New York City’s Times Square. Earlier this year, the National Institute of Aerospace selected AeroDefense for their inaugural Smart Airport and Aviation Partnership flightPlan Accelerator program.
Linda Ziemba, Founder and CEO of AeroDefense, said, “Our ability to deploy over fiber connections is completely unique to the counter-UAS market and optimal for smart airports and cities and large areas in general. We are eager to help protect these critical sites where drone detection has either been unsuccessful or impossible.”
For more information about AeroDefense’s Smart Drone Detection deployment, visit our web page.
About AeroDefense: AeroDefense provides fixed and mobile solutions to detect drones and pilots at airports, correctional facilities, stadiums, critical infrastructure, and other high value targets. AeroDefense’s Drone and Pilot Detect, Classify, Locate and Track System, AirWarden™, detects Radio Frequency (RF) drone signals, locates both drone and pilot simultaneously, and continuously tracks and alerts on the device locations. The system does not require legal authorization to operate. Based in Holmdel, NJ, USA, AeroDefense is a privately held, woman owned company. AirWarden is the first and only drone detection solution to receive the Department of Homeland Security SAFETY Act Developmental Testing and Evaluation Designation. To learn more about AeroDefense and AirWarden, please visit www.AeroDefense.tech.
Lexi Rinaudo, Marketing Manager
AeroDefense
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225.270.1347
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.
Mercom Communications
Wendy Prabhu
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Bay Area Nonprofit Models the Financial Market to Build Trust and Accountability in the Carbon Market
SAN FRANCISCO--(BUSINESS WIRE)--Cool Effect, a Bay Area based 501(c)3 nonprofit focused on fighting the climate crisis, today announces The Seller’s Pledge. This legal commitment to transparency in pricing is part of Cool Effect’s Carbon Done Correctly program and is made to any buyer of carbon offsets from its platform. The Seller’s Pledge is now available for download from its website, cooleffect.org.
Cool Effect was created nearly five years ago to meet the surging demand from individuals, organizations and businesses who want to take action to reduce their carbon emissions then offset the rest with the highest quality carbon offset projects that demonstrate a true carbon benefit, full transparency in pricing, and secondary benefits.
The Seller’s Pledge commits to the following:
“If we are to have the success in the carbon market that we desire and the world requires, we must build trust through improved transparency of carbon offset transactions for the benefit of all market participants. In my 40 years in the financial markets, I have witnessed many cases where improved clarity and accountability of transactions led to remarkable growth,” said Cool Effect Co-founder Richard Lawrence who is also Executive Chairman of Overlook Investments Limited.
“Today’s announcement marks the beginning of The Seller’s Pledge and Cool Effect’s legal commitment to fully transparent transactions. We hope The Seller’s Pledge will build trust with high quality carbon offset buyers and that the entire market will embrace this pledge and help us bring trust to the carbon market for the buyers, the developers and the planet,” he continued.
The Seller’s Pledge is a key component to Carbon Done Correctly which is the basis for Cool Effect’s commitment to protect the reputation of its partners and provide a new level of trust in the carbon market for the large increase of new buyers.
“In daily conversations with potential buyers, one question always arises: ‘Why do your prices differ from other sellers?’” says Jodi Manning, VP of Marketing and Partnerships. “The answer is The Seller’s Pledge. Cool Effect commits to full disclosure on pricing. We want the buyer to know exactly what will be sent to the project, and we want the developer to know exactly what is being paid and what they will receive. As a nonprofit, we also work to ensure that both sides understand our 9.87% fee. We want every buyer to trust that their donation is going to make a difference.”
Cool Effect has experienced a significant increase of inquiries from businesses searching for carbon programs and high-quality carbon offsets. The June 2020 Equity Research report from Goldman Sachs states, “…we see significant potential momentum for offset usage as companies focus more intensively on climate strategy and reputational risk," noting that corporate use of offsets is about to accelerate if the carbon market can build trust.
Cool Effect was founded to provide buyers access to carbon offsets from high-quality projects as well as price transparency, and encourages individuals and businesses to expect those high standards when considering their commitments to sustainability. To download The Seller’s Pledge today, and read more about Carbon Done Correctly, visit cooleffect.org.
About Cool Effect
Cool Effect is a San Francisco Bay Area 501(c)3 nonprofit dedicated to reducing carbon emissions around the world by allowing individuals, businesses, organizations and universities to create a tangible impact on climate change by funding the highest quality carbon reduction projects that are verifiably and measurably reducing global warming emissions. The organization was founded by Dee and Richard Lawrence on their passionate belief that support of carbon offset projects will create a cumulative effect that will reduce and prevent carbon pollution. Like the Butterfly Effect, The Ripple Effect, and others, a single action can have global impact. To learn more, please visit cooleffect.org or follow Cool Effect on Facebook, Instagram, LinkedIn and Twitter.
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DUBLIN--(BUSINESS WIRE)--The "Smart Grid Networking Market Report: Trends, Forecast and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.
The future of the smart grid networking market looks promising with opportunities in the industrial and commercial markets. The smart grid networking market is expected to grow with a CAGR of 25% from 2019 to 2024.
The major drivers for this market are growing peak hours demand of electricity, increasing share of renewable energy in electricity, limitations in capacity expansion, and environmental concerns.
A more than 150 pages report is developed to help in your business decisions. To learn the scope of, benefits, companies researched and other details of the smart grid networking market, then read this report.
The study includes the smart grid networking market size and forecast for the smart grid networking market through 2024, segmented by technology, end use industry, service, and region.
Companies Mentioned
Some of the features of smart grid networking market report: Trends, Forecast, and Opportunity Analysis include:
This report answers the following 11 key questions:
Key Topics Covered:
1. Executive Summary
2. Market Trends and Forecast Analysis from 2013 to 2024
2.1: Introduction, Background, and Classification
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2013 to 2024
3.1: Macroeconomic Trends and Forecast
3.2: Global Smart Grid Networking Market: Trends and Forecast
3.3: Global Smart Grid Networking Market by Technology Type
3.3.1: Distribution Management System
3.3.2: Network Management System
3.3.3: Advanced Metering Infrastructure
3.3.4: Grid Assets Management
3.3.5: Others
3.4: Global Smart Grid Networking Market by End Use Industry
3.4.1: Industrial
3.4.2: Commercial
3.5: Global Smart Grid Networking Market by Services
3.5.1: Consulting
3.5.2: Network Planning
3.5.3: Design And Integration
3.5.4: Network Risk And Security Assessment
3.5.5: Network Maintenance And Support
4. Market Trends and Forecast Analysis by Region
4.1: Global Smart Grid Market by Region
4.2: North American Smart Grid Market
4.3: European Smart Grid Market
4.4: APAC Smart Grid Market
4.5: ROW Smart Grid Market
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Market Share Analysis
5.3: Operational Integration
5.4: Geographical Reach
5.5: Porter's Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.2: Emerging Trends in Global Smart Grid Networking Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of Global Smart Grid Networking Market
6.3.3: Mergers, Acquisitions and Joint Ventures in the Global Smart Grid Networking Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
For more information about this report visit https://www.researchandmarkets.com/r/z8x520
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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MINNEAPOLIS--(BUSINESS WIRE)--2020 has been an award-winning year for Westwood Professional Services, Inc. (Westwood) and its people. Daniel Parks, PE, Westwood’s Minneapolis-based senior project manager, was selected by the Minnesota Real Estate Journal for its prestigious Engineer of the Year award.
Parks has managed notable commercial and residential development projects throughout the Twin Cities area for over 30 years. He is recognized by his clients for having a thorough understanding of their land development needs and assembling strong technical teams to deliver high-quality designs and services.
Parks says of the award, “I am grateful to be recognized with this award. During my career, I have had the good favor of working with quality clients and the many opportunities they have brought us. The Westwood staff also need to be recognized for their help in executing these outstanding projects for our clients and community.”
Parks is an active member of Westwood’s Corporate Giving Back Committee, Minnesota NAIOP, and has served in various roles with the Minnesota Shopping Center Association (MSCA).
The Annual Minnesota Real Estate Journal Real Estate Awards showcase Minnesota’s top real estate achievements and development projects.
About Westwood Professional Services, Inc. (Westwood)
Westwood is a multi-disciplined national surveying and engineering services provider for private development, public infrastructure, wind energy, solar energy, energy storage, and electric transmission projects. Westwood was established in 1972 in Minneapolis, Minnesota and has grown to serve clients across the nation from multiple US offices. View more Westwood facts.
Awards
In 2020, Westwood placed #4 and #9 respectively on Zweig Group’s national Hot Firms’ and Best Firms to Work For Lists. Westwood also ranked consistently higher three years in a row on the Engineering News Record (ENR) List as a leading design firm in the country. The firm consistently ranks on industry top 25 lists and receives recognition for its involvement on award-winning projects nationwide.
Sarah Kopp
Brand Communications Coordinator
952-207-7606
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DUBLIN--(BUSINESS WIRE)--The "Global Fuel Cell Market (Value, Volume) - Analysis by Type, by End User, by Application, by Region, by Country (2020 Edition): Market Insights and Outlook Post Covid-19 Pandemic (2020-2025)" report has been added to ResearchAndMarkets.com's offering.
The Global Fuel Cell Market, valued at USD 5824.25 Million in the year 2019 has been witnessing unprecedented growth in the last few years on the back of growing demand for efficient and cleaner technologies, increasing demand of electric vehicle and growing demand of sustainable energy source. The market for Fuel Cell is expected to grow significantly during the subsequent years owing to burgeoning demand for efficient and cleaner technologies, increasing demand of Electric Vehicle and rising demand of sustainable energy source.
Also, the fuel cell market is expected to grow with a CAGR of 25.8% in terms of value during the forecast period, mostly on the back of reduction of noise and air pollution, digitization and reduction of Carbon dioxide. Additionally, growing preference of hydrogen-based fuel cells will drive the Fuel Cell market value in the near future. The fuel cell industry is a fragmented industry with the presence of diverse sizes of firms positioned in different set of applications and technologies.
Among the Type of the Fuel Cell market (PEMFC, DMFC, SOFC and Others), PEMFC is very popular globally and is expected to keep growing in the forecast period. The demand of PEMFC among automotive sector users will keep increasing in future.
Among the Application of the Fuel Cell market (Transport, Portable and Stationary), Stationary has been gaining popularity globally for Fuel Cell Applications and is expected to keep growing in the forecast period. The demand of Stationary in Fuel Cell is due to its use as primary power sources, and it will keep growing at rapid pace.
Among the End User in the Fuel Cell market (Fuel Cell Vehicle, Utilities and Defense), Fuel Cell Vehicle End User has been gaining popularity globally and is expected to keep growing in the forecast period. The increasing demand of Electric Vehicle will drive market.
The APAC market is expected to lead the global market throughout the forecast period. The increasing support from government and demand of clean and sustainable energy source in APAC countries are expected to infuse market growth tremendously.
Companies Mentioned
Scope of the Report
Key Topics Covered:
1. Research Methodology and Executive Summary
1.1 Research Methodology
1.2 Executive Summary
2. Strategic Recommendations
3. Global Fuel Cell Market: Product Outlook
4. Global Fuel Cell Market: Sizing and Forecast
4.1 Market Size, By Value, Year 2015-2025
4.2 Market Size, By Volume, Year 2015-2025
4.3 Global Fuel Cell Market: Industrial Outlook
5. Global Fuel Cell Market Segmentation - By Type, By Application, By End User
5.1 Competitive Scenario of Fuel Cell Market: By Type
5.1.1 PEMFC - Market Size and Forecast (2015-2025)
5.1.2 DMFC - Market Size and Forecast (2015-2025)
5.1.3 SOFC - Market Size and Forecast (2015-2025)
5.1.4 Others - Market Size and Forecast (2015-2025)
5.2 Competitive Scenario of Fuel Cell Market: By Application
5.2.1 Transport - Market Size and Forecast (2015-2025)
5.2.2 Portable - Market Size and Forecast (2015-2025)
5.2.3 Stationary - Market Size and Forecast (2015-2025)
5.3 Competitive Scenario of Fuel Cell Market: By End User
5.3.1 Fuel Cell Vehicle - Market Size and Forecast (2015-2025)
5.3.2 Utilities - Market Size and Forecast (2015-2025)
5.3.3 Defence - Market Size and Forecast (2015-2025)
6. Global Fuel Cell Market: Regional Analysis
6.1 Competitive Scenario of Fuel Cell Market: By Region
7. America Fuel Cell Market: Segmentation by Type, By Application, By End User (2015-2025)
8. Europe Fuel Cell Market: Segmentation by Type, By Application, By End User (2015-2025)
9. Asia Pacific Fuel Cell Market: Segmentation by Type, By Application, By End User (2015-2025)
10. Global Fuel Cell Market Dynamics
10.1 Drivers
10.2 Restraints
10.3 Trends
11. Market Attractiveness
11.1 Market Attractiveness Chart of Fuel Cell Market - By Type, 2025
11.2 Market Attractiveness Chart of Fuel Cell Market - By Application, 2025
11.3 Market Attractiveness Chart of Fuel Cell Market - By End User, 2025
11.4 Market Attractiveness Chart of Fuel Cell Market - By Region, 2025
12. Competitive Landscape
12.1 Market Share Analysis
13. Company Analysis
For more information about this report visit https://www.researchandmarkets.com/r/bfy8mb
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Global Flame and Detonation Arrestors Market 2020-2024" report has been added to ResearchAndMarkets.com's offering.
The flame and detonation arrestors market is poised to grow by $ 122.41 million during 2020-2024 progressing at a CAGR of 3% during the forecast period.
Our reports on flame and detonation arrestors market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the revision of standards and guidelines for flame arrestors and increasingly strict methane emission standards.
The flame and detonation arrestors market analysis include application segment and geographic landscapes. This study identifies the growth of end-user industries as one of the prime reasons driving the flame and detonation arrestors market growth during the next few years.
This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
Companies Mentioned
The report covers the following areas:
Key Topics Covered:
1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Five Forces Analysis
5. Market Segmentation by Application
6. Customer Landscape
7. Geographic Landscape
8. Vendor Landscape
9. Vendor Analysis
10. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/qff0xr
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Extendable Three-year Agreement to Provide Staff and Management Services for Two Bay Area Operations Centers
SANTA ANA, Calif.--(BUSINESS WIRE)--$ITI #BayArea--Iteris, Inc. (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today announced that the Metropolitan Transportation Commission (MTC) has awarded Iteris a $6.9 million contract to provide operational services for two operations centers in the San Francisco Bay Area.
Under the terms of the three-year agreement, which includes an option to extend for an additional four years, Iteris will provide staffing and management services to the 511 Operations Center in Oakland, California that is responsible for collecting, curating and disseminating traffic and transit information for the nine-county Bay Area region. The 511 Operations Center staff disseminate transportation information through the 511 SF Bay traveler information system, of which the 511 Phone System and Transit Data System have been managed by Iteris since 2015. In addition, Iteris will also provide staffing and management services to the Regional Operations Center in San Francisco, California to monitor traffic and toll collection systems along the MTC-operated Express Lanes, and help maximize mobility through congestion management and coordinated incident response.
“MTC is committed to using technology to make the San Francisco Bay Area transportation network safer, more efficient and easier to navigate for our region’s travelers,” said Andrew Fremier, deputy executive director at MTC. “We look forward to continue working with Iteris to ensure that San Francisco Bay Area travelers and public transit riders, as well as emergency responders have accurate, real-time travel information around the clock via the 511 SF Bay traveler information system.”
“Iteris is proud that MTC has relied on Iteris to deliver key services of the San Francisco Bay Area’s 511 traveler information system since 2015, and we are excited to expand our role to include staffing and management services for two critical operations centers in the region,” said Ramin Massoumi, senior vice president and general manager, Transportation Systems at Iteris. “We are committed to ensuring that the San Francisco Bay Area’s travelers and public transit riders, as well as emergency responders, have access to accurate, real-time travel information to improve safety and efficiency throughout the region.”
Iteris provides multimodal traveler information services for 11 state and regional transportation agencies across the U.S. as part of the ClearMobility™ Platform, supporting over 63 million combined interactions and 7.1 million individual interactive voice response phone calls in the past year alone.
About the ClearMobility Platform
The ClearMobility Platform is the world’s most complete solution to continuously monitor, visualize and optimize mobility infrastructure. ClearMobility applies cloud computing, artificial intelligence, advanced sensors, advisory services and managed services to help ensure roads are safe, travel is efficient, and communities thrive.
About Iteris, Inc.
Iteris is the global leader in smart mobility infrastructure management – the foundation for a new era of mobility. We apply cloud computing, artificial intelligence, advanced sensors, advisory services and managed services to achieve safe, efficient and sustainable mobility. Our end-to-end solutions monitor, visualize and optimize mobility infrastructure around the world to help ensure that roads are safe, travel is efficient, and communities thrive. Visit www.iteris.com for more information and join the conversation on Twitter, LinkedIn and Facebook.
Iteris Forward-Looking Statements
This release may contain forward-looking statements, which speak only as of the date hereof and are based upon our current expectations and the information available to us at this time. Words such as "believes," "anticipates," "expects," "intends," "plans," "seeks," "estimates," "may," “should,” "will," "can," and variations of these words or similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements about the awarded contract and capabilities and benefits of our services and solutions. Such statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict, and actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors.
Important factors that may cause such a difference include, but are not limited to, our ability to successfully deliver our services timely and in a cost-effective manner; government funding and budgetary issues and delays; impact of influences and variances of general economic, political, environment, and other conditions; our ability to introduce, market and gain broad acceptance of our new and existing product and service offerings in the transportation industry; and the potential impact of product and service offerings from competitors and such competitors’ patent coverage and claims. Further information on Iteris, Inc., including additional risk factors that may affect our forward-looking statements, is contained in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q, our Current Reports on Form 8-K, and our other SEC filings that are available through the SEC’s website (www.sec.gov).
Media Contact
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Investor Relations
MKR Investor Relations, Inc.
Todd Kehrli
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EDISON, N.J.--(BUSINESS WIRE)--Eos Energy Storage LLC (“Eos”), a leading manufacturer of safe, low-cost and long-duration zinc battery storage systems, today announced a partnership with Verdant Microgrid (“Verdant”), a custom microgrid solution provider. Eos will supply its Znyth™ Zinc Hybrid Cathode Technology, the core of its Aurora™ stationary energy storage system, to Verdant’s California-based microgrids beginning in the fourth quarter of 2020.
As previously announced, B. Riley Principal Merger Corp. II (“BMRG”), a publicly traded special purpose acquisition company, and Eos have entered into a definitive merger agreement for a business combination that would result in Eos becoming a publicly listed company. Upon closing of the transaction, the combined company will be renamed Eos Energy Enterprises, Inc. (“Eos Energy”) and intends to list its shares of common stock on Nasdaq under the ticker symbol “EOSE”.
The Eos battery features a 100% depth of discharge and a wide operating temperature range to enable deployment without the use of costly thermal management measures such as HVAC cooling systems and fire suppression systems. The Znyth™ technology requires just five core commodity materials that are derived from non-rare earth and non-conflict minerals which are commercially available and scalable. The technology is also patent protected and made in the United States.
A microgrid is a self-sufficient energy system that generates power in close proximity to the area it serves. These systems are considered to be more efficient and cost effective than central grids because they do not lose as much electricity in transit and they strategically pull energy from various sources, such as the central grid or a battery, depending on the local demand for electricity at any given time.
“Verdant is excited to partner with Eos on this industrial microgrid project,” said Robert Babcock, a Partner at Verdant. “The Znyth™ battery technology and Eos’ configuration provide our platform with fire safety and energy flexibility that we cannot get from lithium-ion. We are confident that this first project between Verdant and Eos will demonstrate how expansive and beneficial microgrids can be for commercial clients as they provide resiliency, sustainability and cost savings in one package. We look forward to using Eos’ long duration solutions in both our behind-the-meter and utility scale projects in the future."
In addition to the current applications, Eos and Verdant anticipate their partnership will promote the benefits of solar generation and storage, and set an example for future microgrid applications in the United States.
“This partnership opens up new applications for Eos, with onsite energy generation and storage taking center stage,” said Dr. Balki G. Iyer, Chief Commercial Officer of Eos. “Verdant’s approach to on- and off-grid energy management helps reduce spikes in demand with a smooth, clean, cost efficient, reliable power supply. Good technology is the key to creating these value stories that can open a massive market for project owners and operators looking for storage solutions.”
For more information about Eos and its Znyth™ Zinc Hybrid Cathode Technology, please visit https://eosenergystorage.com/products-technology/.
About Eos Energy Storage LLC
At Eos, we are on a mission to accelerate clean energy by deploying stationary storage solutions that can help deliver the reliable and cost-competitive power that the market expects in a safe and environmentally sustainable way. Eos has been pursuing this opportunity since 2008 when it was founded. Eos has more than 10 years of experience in battery storage testing, development, deployment, and operation. The Eos Aurora® system integrates Eos’ aqueous, Znyth® technology to provide a safe, scalable, and sustainable alternative to lithium-ion. https://eosenergystorage.com
About B. Riley Principal Merger Corp. II
BMRG was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
About Verdant Microgrid
Verdant is a custom microgrid solution provider that provides combined heat and power, solar, battery storage and demand management in a turnkey, economical solution to energy intensive. Verdant recognizes that rapidly evolving technology and electricity market reforms present opportunities for energy-intense industries to optimize their energy costs while easing the burden on local utility grids. With Verdant, options for energy now include the ability to meet power, heating and cooling requirements with onsite generation. In addition, battery storage can be used to help offset peak use periods and to reduce demand charges from utilities. In extreme cases, Verdant energy and battery solutions can support taking facilities “off grid.” https://www.verdantmicrogrid.com/
Additional Information about the Business Combination
In connection with the business combination, BMRG has filed a preliminary proxy statement with the United States Securities and Exchange Commission (“SEC”). BMRG stockholders and other interested persons are advised to read, when available, the preliminary proxy statement and any amendments thereto and, once available, the definitive proxy statement, in connection with BMRG’s solicitation of proxies for the meeting of stockholders to be held to approve, among other things, the proposed business combination, because the proxy statement will contain important information about BMRG, Eos and the proposed business combination. When available, the definitive proxy statement will be mailed to BMRG stockholders as of a record date to be established for voting on the proposed business combination. Stockholders will also be able to obtain copies of the proxy statement, without charge, once available, at the SEC’s website at www.sec.gov. Copies of the documents filed with the SEC by BMRG when and if available, can be obtained free of charge by directing a written request to B. Riley Principal Merger Corp. II, 299 Park Avenue, 21st Floor, New York, New York 10171 or by telephone at (212) 457-3300.
For Eos Energy Storage LLC
Investors
Ed Yuen
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Media
Balki G. Iyer
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HOUSTON--(BUSINESS WIRE)--Plains All American Pipeline, L.P. (NYSE: PAA) and Plains GP Holdings (NYSE: PAGP) today announced their quarterly distributions with respect to the third quarter of 2020.
PAA announced a quarterly cash distribution of $0.18 per common unit ($0.72 per unit on an annualized basis), which is unchanged from the distribution paid in August 2020. PAGP announced a corresponding quarterly cash distribution of $0.18 per Class A share ($0.72 per Class A share on an annualized basis), which is unchanged from the distribution paid in August 2020. With respect to PAA’s Series A Preferred Units, PAA announced a quarterly cash distribution of $0.525 per Series A Preferred Unit, or $2.10 on an annualized basis. Each of these distributions will be payable on November 13, 2020 to holders of record of each security at the close of business on October 30, 2020.
For its Series B Preferred Units, PAA announced a semi-annual distribution of $30.625 per Series B Preferred Unit, which will be payable on November 16, 2020 to holders of record at the close of business on November 2, 2020.
The PAGP cash distribution is expected to be a non-taxable return of capital to the extent of a Class A Shareholder’s tax basis in each PAGP Class A Share and a reduction in the tax basis of that Class A Share. To the extent any cash distribution exceeds a Class A Shareholder’s tax basis, it should be taxable as capital gains.
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
DUBLIN--(BUSINESS WIRE)--The "Subsea Thermal Insulation Material - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The publisher brings years of research experience to the 6th edition of this report. The 291-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Subsea Thermal Insulation Material Market to Reach US$99.9 Million by the Year 2027
Amid the COVID-19 crisis, the global market for Subsea Thermal Insulation Material estimated at US$76.6 Million in the year 2020, is projected to reach a revised size of US$99.9 Million by 2027, growing at a CAGR of 3.9% over the analysis period 2020-2027.
Polyurethane, one of the segments analyzed in the report, is projected to grow at a 3.9% CAGR to reach US$33.2 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Polypropylene segment is readjusted to a revised 3.6% CAGR for the next 7-year period. This segment currently accounts for a 23.9% share of the global Subsea Thermal Insulation Material market.
The U.S. Accounts for Over 28.9% of Global Market Size in 2020, While China is Forecast to Grow at a 6.3% CAGR for the Period of 2020-2027
The Subsea Thermal Insulation Material market in the U.S. is estimated at US$22.1 Million in the year 2020. The country currently accounts for a 28.86% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$17.3 Million in the year 2027 trailing a CAGR of 6.3% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 3.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR while Rest of European market (as defined in the study) will reach US$17.3 Million by the year 2027.
Silicone Rubber Segment Corners a 18% Share in 2020
In the global Silicone Rubber segment, USA, Canada, Japan, China and Europe will drive the 3.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$10.4 Million in the year 2020 will reach a projected size of US$13.3 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$13.3 Million by the year 2027, while Latin America will expand at a 4% CAGR through the analysis period.
Competitors identified in this market include, among others:
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/davag6
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PRINCETON, N.J.--(BUSINESS WIRE)--$NRG--NRG Energy Inc. (NYSE: NRG) announced that on October 7, 2020 the Company received notice from the Department of Justice and the Federal Trade Commission granting early termination of the Hart-Scott-Rodino (HSR) waiting period for the previously announced Direct Energy acquisition.
The Company has received Centrica Shareholder, Canadian Competition Act and HSR approvals. This acquisition remains subject to approval from the Federal Energy Regulatory Commission (FERC).
The acquisition is targeted to close by year end 2020.
About NRG
At NRG, we’re bringing the power of energy to people and organizations by putting customers at the center of everything we do. We generate electricity and provide energy solutions and natural gas to more than 3.7 million residential, small business, and commercial and industrial customers through our diverse portfolio of retail brands. A Fortune 500 company, operating in the United States and Canada, NRG delivers innovative solutions while advocating for competitive energy markets and customer choice, and by working towards a sustainable energy future. More information is available at www.nrg.com. Connect with NRG on Facebook, LinkedIn and follow us on Twitter @nrgenergy, @nrginsight.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the federal securities laws. Such statements generally include the words “believes,” “plans,” “intends,” “targets,” “will,” “expects,” “suggests,” “anticipates,” “outlook,” “continues,” or similar expressions. Forward-looking statements include, without limitation, statements about the Direct Energy transaction and the anticipated timing thereof and NRG’s ability to satisfy the conditions with respect to such acquisition; NRG’s indebtedness, capital structure, plans, expectations, objectives and other future events, and views of economic and market conditions. NRG cautions that these statements are based on current estimates of future performance and are highly dependent upon a variety of factors, which could cause actual results to differ from these estimates. Among other risks and factors, NRG’s results are subject to general economic conditions, variation in demand from customers, the impact of geopolitical activity on the economy, continued market acceptance of NRG’s new product introductions, uncertainties with respect to the timing and terms of any disposition (including the timing of the Direct Energy transaction), the successful integration of acquisitions, restructurings, operating margin risk due to competitive pricing and operating efficiencies, supply chain risk, material and labor cost increases, tax reform, foreign currency fluctuations and interest rate risk. See NRG’s annual and quarterly reports filed with the Securities and Exchange Commission for further information regarding risk factors. NRG disclaims any obligation to publicly update or revise any forward-looking statements as a result of new information, future events or any other reason.
Investors:
Kevin L. Cole, CFA
609.524.4526
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Renewable Energy Alliance Houston Will Advance Houston’s Clean Energy Future
HOUSTON--(BUSINESS WIRE)--#HoustonEnergyCapital--Today, Houston community leaders announced the launch of the Renewable Energy Alliance Houston (REAL Houston), with the goal of filling critical gaps in promoting, connecting and growing Houston’s energy businesses and workforce to accelerate the evolving energy transition.
Known as the “Energy Capital of the World,” Houston is evolving to meet the needs of a changing energy industry. The “Energy Transition” requires connecting, attracting and growing the businesses, innovators, capital providers and workforce needed in this evolution. REAL Houston brings together voices from Houston’s energy community and provides current and future industry stakeholders opportunities to connect, promote innovation and increase the visibility of Houston’s renewable energy businesses.
“As the headquarters for virtually every segment of the energy industry, Houston is the clear leader for our nation’s energy development,” said Kay McCall, REAL Houston executive director. “With the clean energy transition progressing, REAL Houston is poised to help Houston rise to meet these challenges and promote opportunities for Houston’s leaders to connect, share and grow.”
McCall added, “REAL Houston believes in leveraging the experience of all energy industries as part of the clean energy evolution and welcomes our community members to join us as we transition to the new energy economy. That’s why we’re proud to welcome our founding members, including Sunnova, Pattern Energy, EDF, Willkie Farr & Gallagher and HBW Resources.”
“As a leading residential solar and storage service provider headquartered in Houston, we are proud to be a founding member of REAL Houston and to rally the new energy community in Houston to ensure our city's standing as a leader in the energy transition," said Kelsey Hultberg, VP, Chief of Staff of Sunnova Energy International Inc. “Houston has been a global leader in the energy space, and now we have the opportunity to empower a community that will accelerate Houston's new energy future."
“For more than a decade, Houston has been our development headquarters and its dynamic job market has fueled our wind and solar business across North America with the best and brightest talent,” said Deann Lanz, Senior Director of Land at Pattern Energy. “Looking ahead, Houston will continue to be the cornerstone of our growing development business as we aim to fulfill our mission of transitioning the world to renewable energy.”
“Houston has become the center of the U.S. energy transition. We have seen clients from large utilities to private equity sponsors open offices here to leverage Houston’s energy talent base,” said Archie Fallon, Partner at Willkie. “The results are stunning – Texas is now the 5th largest global producer of wind power. We think this growth is still in its early days.”
“With a wealth of talent, capital, infrastructure and ‘know-how,’ Houston is extremely well-positioned to continue to drive the U.S. energy transition,” said Ryan Scott, Vice President for Policy at HBW. “Texas is already a leader in renewable energy production; we are very excited to help facilitate future growth in Houston.”
REAL Houston is developing online programming, including conversations with thought leaders, introductory opportunities for those not in the industry, innovation highlights and networking opportunities. For more information, please follow us on LinkedIn.
About Renewable Energy Alliance Houston
Renewable Energy Alliance Houston is a Houston-based 501(c)(6) organization that works to ensure Houston’s standing as the Energy Capital of the Future by increasing the visibility of the renewable energy industry, connecting thought leaders, growing the network of renewable energy industry professionals and promoting innovation.
About Sunnova Energy International
Sunnova Energy International Inc. (NYSE: NOVA) is a leading residential solar and energy storage service provider, with customers across the U.S. and its territories. Sunnova's goal is to be the source of clean, affordable and reliable energy, with a simple mission: to power energy independence so that homeowners have the freedom to live life uninterrupted.
About Pattern Energy
Pattern Energy is one of the world’s largest private renewable energy companies, with large operating and development footprints in the United States, Canada and Japan.
About Willkie Farr & Gallagher
Willkie Farr & Gallagher is an elite international law firm of approximately 750 lawyers located in 12 offices in six countries. For more than 130 years, Willkie has represented companies across a wide spectrum of businesses and industries.
About HBW Resources
HBW Resources, LLC (HBW) is a strategic consulting, advocacy and policy campaign firm exclusively focused on energy, environment and transportation issues. With four distinct corporate divisions (Communications, Federal Affairs, State Affairs and Regulatory/Legal), HBW brings an integrated, multidisciplinary approach to identifying challenges and implementing successful, tailored strategies.
Kay McCall
Executive Director, REAL Houston
P: 860-853-8774
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LONDON--(BUSINESS WIRE)--#GlobalOilandGasPipelineMonitoringEquipmentMarket--Technavio has been monitoring the oil and gas pipeline monitoring equipment market size and it is poised to grow by USD 692.10 million during 2020-2024, progressing at a CAGR of over 3% 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 fragmented, and the degree of fragmentation will accelerate during the forecast period. ABB Ltd., Emerson Electric Co., General Electric Co., Honeywell International Inc., Huawei Investment & Holding Co. Ltd., ORBCOMM Inc., QinetiQ Ltd., Rockwell Automation Inc., Schneider Electric SE, and Siemens AG 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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Developments in cross-border and cross-country pipeline infrastructure have been instrumental in driving the growth of the market. However, volatility in crude oil prices might hamper market growth.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts
Oil and Gas Pipeline Monitoring Equipment Market 2020-2024: Segmentation
Oil and Gas Pipeline Monitoring Equipment Market is segmented as below:
Oil and Gas Pipeline Monitoring Equipment 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 oil and gas pipeline monitoring equipment market report covers the following areas:
This study identifies the development of drone technology as one of the prime reasons driving the Oil and Gas Pipeline Monitoring Equipment Market growth during the next few years.
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Oil and Gas Pipeline Monitoring Equipment Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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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NEW YORK & HOUSTON--(BUSINESS WIRE)--Glenfarne Group, LLC (“Glenfarne”), an investor, developer, owner, and operator of energy and infrastructure assets, announced today that its recently acquired Magnolia LNG export terminal development project located in Lake Charles, LA has received a five-year permit extension from the Federal Energy Regulatory Commission (“FERC”). Per the extension, Magnolia LNG will begin operations of the terminal by April 15, 2026. At the same time, FERC also extended the permit for the Kinder Morgan pipeline that will supply feed gas to Magnolia LNG.
“At 8.8 million tonnes per annum from a four train mid-scale design, we believe Magnolia LNG has the right size and scope to best compete in the current and future LNG market and is well-positioned to meet global demand starting in the middle of this decade,” said Brendan Duval, Founder and Managing Partner of Glenfarne. “Our LNG customers will transact with Magnolia LNG knowing they will receive LNG from one of the lowest-cost, most reliable, and most efficient terminals on the U.S. Gulf Coast.”
“Coming only a few months after our acquisition of Magnolia LNG, this extension approval is an important early milestone in our development plan, and it underscores our focused commitment and belief in the project,” said Vlad Bluzer, Managing Director of Glenfarne and President of Magnolia LNG Holdings, LLC.
Magnolia LNG sits on a 115-acre project site on the Industrial Canal near Lake Charles in Southwest Louisiana and has a long-term Lease Option Agreement in place with the Lake Charles Harbor and Terminal District. Magnolia LNG is permitted to receive natural gas through the existing Kinder Morgan Louisiana Pipeline and will pretreat, liquefy and store the LNG onsite for domestic use and export. Magnolia LNG will utilize the patented OSMR® liquefaction technology, a low-cost, highly efficient process configured to generate lower greenhouse gas (GHG) emissions than other conventional LNG processes.
Glenfarne has two operating subsidiaries: Alder Midstream, LLC, which focuses on building, owning, and operating midstream and LNG assets, and EnfraGen, LLC, a developer, owner, and operator of specialized power generation assets. Glenfarne’s total LNG export capacity is approximately 12.8 mtpa: 8.8 mtpa from Magnolia LNG and 4.0 mtpa from Texas LNG Brownsville, LLC, a FERC-permitted LNG export development project in Brownsville, Texas, majority-owned by Alder Midstream.
About Glenfarne Group
Glenfarne is a privately held energy and infrastructure investment, development, and management firm based in New York City and Houston, Texas with offices in Panama City, Panama; Santiago, Chile; Bogota, Colombia; and Dallas, Texas. Glenfarne's seasoned executives, asset managers, and operators develop, acquire, manage, and operate energy and infrastructure assets. For more information, please visit www.glenfarnegroup.com.
Kris Cole
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(310) 652-1411
Market growth for outdoor lighting is attributed to a continued interest in lighting controls, driven by smart streetlighting deployments and controls for commercial sites
BOULDER, Colo.--(BUSINESS WIRE)--#LEDs--A new report from Guidehouse Insights examines the global market for outdoor lighting and controls, providing a brief analysis of market issues with forecasts for luminaire and lamp unit shipments and revenue, through 2029.
Businesses and governments have turned to more energy efficient outdoor lighting systems with goals of decreasing energy, operating costs, and emissions while meeting sustainability targets. As the efficacy of LEDs has increased and the price has declined, this lighting technology has become more desirable as an investment for outdoor lighting applications. LEDs have continued to penetrate the market and take market share from traditional lighting technologies such as high pressure sodium (HPS), metal halide, induction, and fluorescents. Click to tweet: According to a new report from @WeAreGHInsights, global shipments of luminaires for outdoor applications are anticipated to grow at a compound annual growth rate (CAGR) of 1.5% from 2020 to 2029.
“During the same 10-year period, lamp shipments for outdoor lighting applications are expected to decrease by 2.2% globally, which represents a lessening need to replace lamps as lighting technologies become more efficient and the installed base becomes more saturated with LEDs,” says Krystal Maxwell, senior research analyst with Guidehouse Insights. “Likewise, global revenue for both luminaire and lamps over the forecast period is expected to diminish as LED prices continue to decline.”
According to the report, growth in the outdoor lighting market is attributed to a continued interest in lighting controls, driven by smart streetlighting deployments and controls for commercial site lighting. Lighting controls, although also on the rise, have not seen the same levels of adoption as LEDs. More advanced controls have begun to see an uptick in adoption, though it is still limited.
The report, Market Data: Outdoor Lighting Systems, examines the global market for outdoor lighting and controls in city parks and public areas, sports parks, commercial site lighting, parking lots, parking garages, university and college campuses, roadways and highways, and other outdoor lighting applications. The study provides a brief analysis of the market issues, developments, and regional trends surrounding outdoor lighting systems. Global market forecasts for luminaire and lamp unit shipments and revenue, segmented by lamp type, product type, application area, and region, extend through 2029. The forecast also includes lighting controls unit shipments and revenue for motion sensors, photosensors, intelligent controls, and controls software. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
About Guidehouse
Guidehouse is a leading global provider of consulting services to the public and commercial markets with broad capabilities in management, technology, and risk consulting. We help clients address their toughest challenges with a focus on markets and clients facing transformational change, technology-driven innovation and significant regulatory pressure. Across a range of advisory, consulting, outsourcing, and technology/analytics services, we help clients create scalable, innovative solutions that prepare them for future growth and success. Headquartered in Washington DC, the company has more than 7,000 professionals in more than 50 locations. Guidehouse is led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets and agenda-setting issues driving national and global economies. For more information, please visit: www.guidehouse.com.
* The information contained in this press release concerning the report, Market Data: Outdoor Lighting Systems, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
Lindsay Funicello-Paul
+1.781.270.8456
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NEW YORK & HOUSTON--(BUSINESS WIRE)--Glenfarne Group, LLC (“Glenfarne”), an investor, developer, owner, and operator of energy and infrastructure assets, announced today that its recently acquired Magnolia LNG export terminal development project located in Lake Charles, LA has received a five-year permit extension from the Federal Energy Regulatory Commission (“FERC”). Per the extension, Magnolia LNG will begin operations of the terminal by April 15, 2026. At the same time, FERC also extended the permit for the Kinder Morgan pipeline that will supply feed gas to Magnolia LNG.
“At 8.8 million tonnes per annum from a four train mid-scale design, we believe Magnolia LNG has the right size and scope to best compete in the current and future LNG market and is well-positioned to meet global demand starting in the middle of this decade,” said Brendan Duval, Founder and Managing Partner of Glenfarne. “Our LNG customers will transact with Magnolia LNG knowing they will receive LNG from one of the lowest-cost, most reliable, and most efficient terminals on the U.S. Gulf Coast.”
“Coming only a few months after our acquisition of Magnolia LNG, this extension approval is an important early milestone in our development plan, and it underscores our focused commitment and belief in the project,” said Vlad Bluzer, Managing Director of Glenfarne and President of Magnolia LNG Holdings, LLC.
Magnolia LNG sits on a 115-acre project site on the Industrial Canal near Lake Charles in Southwest Louisiana and has a long-term Lease Option Agreement in place with the Lake Charles Harbor and Terminal District. Magnolia LNG is permitted to receive natural gas through the existing Kinder Morgan Louisiana Pipeline and will pretreat, liquefy and store the LNG onsite for domestic use and export. Magnolia LNG will utilize the patented OSMR® liquefaction technology, a low-cost, highly efficient process configured to generate lower greenhouse gas (GHG) emissions than other conventional LNG processes.
Glenfarne has two operating subsidiaries: Alder Midstream, LLC, which focuses on building, owning, and operating midstream and LNG assets, and EnfraGen, LLC, a developer, owner, and operator of specialized power generation assets. Glenfarne’s total LNG export capacity is approximately 12.8 mtpa: 8.8 mtpa from Magnolia LNG and 4.0 mtpa from Texas LNG Brownsville, LLC, a FERC-permitted LNG export development project in Brownsville, Texas, majority-owned by Alder Midstream.
About Glenfarne Group
Glenfarne is a privately held energy and infrastructure investment, development, and management firm based in New York City and Houston, Texas with offices in Panama City, Panama; Santiago, Chile; Bogota, Colombia; and Dallas, Texas. Glenfarne's seasoned executives, asset managers, and operators develop, acquire, manage, and operate energy and infrastructure assets. For more information, please visit www.glenfarnegroup.com.
Kris Cole
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(310) 652-1411
LONDON--(BUSINESS WIRE)--#FlatGlassMarket--Technavio has been monitoring the flat glass market and it is poised to grow by 23.86 million MT during 2020-2024, progressing at a CAGR of over 5% 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.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. 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. Download a Free Sample Report on COVID-19 Impacts
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AGC Inc., Central Glass Co. Ltd., Compagnie de Saint-Gobain SA, CSG Holding Co. Ltd., Fuyao Glass Industry Group Co. Ltd., Koch Industries Inc., Nippon Sheet Glass Co. Ltd., SCHOTT AG, Taiwan Glass Ind. Corp., and Vitro SAB De CV are some of the major market participants. The rising demand from solar energy sector will offer immense growth opportunities. To make 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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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Flat Glass Market 2020-2024: Segmentation
Flat Glass Market is segmented as below:
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Flat Glass 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 flat glass market report covers the following areas:
This study identifies investments in construction projects globally as one of the prime reasons driving the flat glass market growth during the next few years.
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Flat Glass Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user by Volume
Market Segmentation by Type by Volume
Market Segmentation by Raw Materials
Customer landscape
Geographic Landscape by Volume
Vendor Landscape
Vendor Analysis
Appendix
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Onboard hydrogen generation for marine and off-road mobility applications
BENICIA, Calif.--(BUSINESS WIRE)--#H2Tech--RIX Industries (“RIX”), a leading developer of pneumatic energy technology, announced today that it has licensed proprietary methanol-based M-Series hydrogen generator technology from Element 1 Corp (e1). Under the terms of the license agreement, RIX has been granted rights to manufacture and deploy e1’s M-Series on-board hydrogen generators for use in fuel cell mobility applications, including marine vessels and off-road vehicles such as mining trucks, tractors, and heavy-lift trucks in both North America and Europe.
Governments across the globe are striving to reduce harmful emissions into the air and waterways. Tightening regulations combined with corporate sustainability initiatives are driving a massive migration to non-polluting electric propulsion systems, many of which utilize hydrogen fuel cells. RIX’s history of supporting the maritime industry, including the US Navy, together with e1’s methanol to hydrogen generator offers end-users an opportunity to adopt fuel cell motive solutions and work towards a zero-emissions future.
“RIX Industries has a global reputation for excellence and the addition of e1’s class-leading technology to our portfolio strategically aligns with our brand and our growth strategy,” said Bryan Reid, Chief Sales Officer at RIX. “We are focused on the clean energy future and firmly believe that there is a significant market opportunity that can be effectively addressed by RIX incorporating e1’s M-Series hydrogen generator into power solutions.”
Dr. David Edlund, e1 CEO, said, “e1 is delighted and privileged to be collaborating with RIX. They are a first-class manufacturing partner and a long-time authorized supplier to multiple branches of the U.S. military along with a wide range of commercial and industrial end-users. The on-board hydrogen generation technology being licensed to RIX is unique to e1 and is highly enabling to the mass commercialization of fuel cell systems for a wide variety of transportation-related fuel cell applications. I anticipate our relationship with RIX to broaden substantially over the not too distant future,” concluded Dr. Edlund.
The onboard storage of methanol used by e1’s hydrogen generators requires a fraction of the space on a maritime vessel as compared to compressed hydrogen, enabling a significantly greater range between fueling. This range extension is critical for not only marine vessels but also for heavy and medium-duty fuel cell trucks traveling long distances each day.
About RIX Industries:
Founded in 1878, RIX Industries is a technology-focused company, headquartered in Benicia, CA, specializing in the design, development and manufacture of pneumatic energy storage, transfer and control system solutions, including gas generation systems, precision compressor solutions and cryogenic cooling technologies for critical applications in Marine, Aerospace, Land, Energy, Industrial and Medical markets.
Visit www.CreateCompressCool.com for more information.
About Element 1 Corporation:
Element 1 designs and develops novel processes to enable the commercialization of clean-energy products and processes and alternative-energy technology. Through licensing our IP to strategic partners, our mission is to significantly reduce barriers to the adoption of hydrogen technology and fuel cells for a range of applications and to reduce the waste and pollution associated with flaring natural gas.
For more information about Element 1, please visit www.e1na.com.
Elizabeth Schroeder
Marketing Manager
RIX Industries
Phone: 707.745.7198
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Robert Schluter
President
Element 1 Corporation
Phone: 541.678.5943
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
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