LONDON--(BUSINESS WIRE)--#AntifoulingCoatingsMarket--The global antifouling coatings market size is poised to grow by USD 3.61 billion during 2020-2024, progressing at a CAGR of almost 15% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis
Technological developments will be one of the major factors that will drive antifouling coatings market growth. The global antifouling coatings market is witnessing several innovations that could facilitate the introduction of eco-friendly antifouling coatings. Regulations governing the safety of the environment are further inducing these innovations. For instance, numerous countries have regulated the use of copper in antifouling coatings. Copper compounds are the vital components of antifouling coatings. Adhering to the regulations, vendors have introduced non-stick foul release coatings, copper-free antifouling coatings, and nano antifouling coating into the market, increasing their sales.
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Report Highlights:
Read the full report here: https://www.technavio.com/report/report/antifouling-coatings-market-industry-analysis
Use of Eco-friendly Components will be a Key Market Trend
The use of eco-friendly components, one of the key antifouling coatings market trends, will also contribute to the growth of this market. Antifouling coatings contain chemicals that harm marine flora and fauna. Stringent regulations against the use of harmful chemicals have been introduced by the governments to safeguard marine environment. Research and experiments are being undertaken to look for alternatives to these harmful chemicals and replace them with eco-friendly ones. The market is expected to witness advancements in the coming years where the antifouling coatings with no biocide will be introduced. Several types of eco-friendly antifouling technologies such as clean core technology, low-density copper technology, ECONEA technology, water-based ablative, and white copper technology are already available in this market. Such factors will drive antifouling coatings market growth.
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Antifouling Coatings Market 2020-2024: Key Highlights
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Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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First of Its Kind Deployment of Innovative Environmental Technology in The Treasure State
SIDNEY, Mont.--(BUSINESS WIRE)--#coronavirus--Kraken Oil & Gas (“Kraken”) has engaged Crusoe Energy Systems Inc. (“Crusoe”) to deploy 18 Digital Flare Mitigation® (“DFM”) modules between three oil and gas production sites in eastern Montana and one site in North Dakota. The projects have been successfully deployed and are operating in the field currently. Cumulatively, Kraken’s DFM projects reduce natural gas flaring by millions of cubic feet per day, significantly curtail emissions, and provide an innovative beneficial use for otherwise flared natural gas.
Kraken is the largest producer of Bakken oil in the state of Montana, and is also very active in North Dakota. In total, the company produces ~40,000 barrels of oil per day from ~320 wells. In Montana the company produces ~10,000 barrels of oil per day from ~60 wells. The majority of Kraken’s wells sell gas into traditional pipelines for processing at gas plants around the basin; however, a portion of the company’s acreage is located in areas where pipeline capacity is limited or unavailable. In these areas, Kraken has deployed Crusoe’s DFM solution to capture gas that would otherwise be stranded or flared.
“Kraken has always embraced innovation and technology to improve our operations,” said Bruce Larsen, President & CEO of Kraken. “It has never been more important for oil and gas companies to demonstrate a commitment to environmental excellence. Flare mitigation with Crusoe’s technology has become a centerpiece of our environmental innovation and ESG strategy at sites with otherwise stranded natural gas. Crusoe continues to impress us with their reliability, safety standards and support. We feel proud of the work our companies are doing together to reduce flaring and emissions in Montana and North Dakota.”
Crusoe installs modular computing systems powered entirely by gas that was otherwise being flared. In the current environment of challenging oil and gas economics, Crusoe’s solution offers a low or no cost solution to flaring which produces an additional revenue stream for oilfield operators from gas that was previously not captured. The systems are modular and scalable, which allows Crusoe to mitigate flaring at almost any scale from tens of thousands to millions of cubic feet per day. As a result, Crusoe’s clients range from publicly traded oil and gas firms to private companies, like Kraken.
“People sometimes talk about technology as though it only happens in Silicon Valley,” said Alan Olson, Executive Director at Montana Petroleum Association. “These Digital Flare Mitigation projects are an excellent reminder of the incredible ingenuity and technological sophistication within the oil and gas industry here in Montana. Here is a set of mobile, modular data centers that capture otherwise wasted natural gas to power energy-intensive computation directly at the wellhead. Crusoe’s deployments with Kraken are the first of their kind in Montana, but I would not be surprised if additional operators deploy similar projects in due course.”
About Kraken Oil & Gas
Kraken Oil & Gas is a private equity-backed exploration and production company formed in 2012 to focus on drilling and development opportunities in the Williston Basin of Montana and North Dakota, primarily in the prolific Bakken formation. Kraken is headquartered in Houston, TX with additional field offices in Sidney, MT, Williston, ND and Stanley, ND.
About Montana Petroleum Association
The Montana Petroleum Association (MPA) is an industry association that represents the oil and gas sector in Montana. Specifically, the MPA represents companies from three segments of the oil and gas industry: upstream (exploration and production), midstream (pipelines and marketing) and downstream (refining). MPA is based in Helena, Montana.
About Crusoe Energy Systems Inc.
Crusoe provides innovative solutions for the energy industry. By converting natural gas to energy-intensive computing, Crusoe’s Digital Flare Mitigation® service delivers an environmentally sound way to create a beneficial use for otherwise wasted natural gas. Crusoe has deployed flare mitigation projects in North Dakota, Montana, Wyoming and Colorado. Systems are scalable up to millions of cubic feet per day and can be deployed anywhere in the United States or Canada. Crusoe is funded by technology-oriented venture capital firms including Bain Capital Ventures, Founders Fund, Winklevoss Capital and others. The company is based in Denver, CO with offices in San Francisco, CA and Williston, ND.
Kraken Oil & Gas:
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Montana Petroleum Association:
www.montanapetroleum.org/contact-us/
Crusoe Energy Systems:
Cully Cavness, President
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RICHMOND, Va.--(BUSINESS WIRE)--NewMarket Corporation (NYSE: NEU) announced today it expects to release third quarter 2020 earnings at the close of business on Wednesday, October 28, 2020. The earnings announcement will also be available on the Company’s website at www.NewMarket.com the following day. A conference call and internet webcast is scheduled for 3:00 pm EDT on Thursday, October 29, 2020 to review third quarter 2020 financial results.
You can access the conference call live by dialing 1-844-407-9500 (domestic) or 1-862-298-0850 (international) and requesting the NewMarket conference call. To avoid delays, callers should dial in five minutes early. A teleconference replay of the call will be available until November 05, 2020 at 3:00 p.m. EST by dialing 1-877-481-4010 domestic and 1-919-882-2331 international. The replay passcode is 38031.
The call will also be broadcast via the internet and can be accessed through the Company’s website at www.NewMarket.com or https://www.webcaster4.com/Webcast/Page/2001/38031. A webcast replay will be available for 30 days.
NewMarket Corporation through its subsidiaries, Afton Chemical Corporation and Ethyl Corporation, develops, manufactures, blends, and delivers chemical additives that enhance the performance of petroleum products. From custom-formulated additive packages to market-general additives, the NewMarket family of companies provides the world with the technology to make engines run smoother, machines last longer, and fuels burn cleaner.
NewMarket Corporation
Investor Relations
Brian D. Paliotti, 804-788-5555
Fax: 804-788-5688
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SIMI VALLEY, Calif.--(BUSINESS WIRE)--$AVAV #AeroVironment--AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today announced the Sunglider™ solar-powered high-altitude pseudo-satellite (HAPS) achieved key test milestones, including reaching an altitude of more than 60,000 feet above sea level and successfully demonstrating mobile broadband communication. Sunglider’s development and testing is funded by HAPSMobile Inc., a joint venture majority-owned by SoftBank Corp. (TOKYO: 9434) and minority-owned by AeroVironment.
During the test flight, which began at 5:16 a.m. MDT on September 21 and concluded at 1:32 a.m. MDT on September 22, the AeroVironment team piloted Sunglider to a stratospheric altitude of 62,500 feet above Spaceport America in New Mexico. Sunglider successfully achieved major test objectives relating to propulsion, power systems, flight control, navigation and datalink integrity, as well as structural performance during the most turbulent phases of the flight as it entered and exited the jet stream.
The broadband communication demonstration successfully linked teams in Tokyo, Spaceport America and Silicon Valley using an LTE payload jointly developed by Alphabet’s Loon LLC and HAPSMobile. Employing standard LTE smartphones, a team at Spaceport America conducted multiple video calls via the Sunglider’s payload while the aircraft circled for more than five hours in the stratosphere.
“In less than three years AeroVironment and HAPSMobile have made incredible progress, developing two Sunglider solar HAPS unmanned aircraft and performing five consecutive flight demonstrations, culminating in this latest significant milestone,” said Wahid Nawabi, president and chief executive officer of AeroVironment. “Reaching stratospheric altitude, maintaining continuous flight for more than 20 hours, achieving key test objectives and demonstrating seamless broadband communication illustrate the tremendous potential HAPS technology offers to expand connectivity globally. We look forward to maintaining our momentum toward aircraft certification and commercialization, working in close partnership with HAPSMobile as we establish a disruptive capability that offers tremendous value creation potential.”
The Sunglider, a solar-powered HAPS, has a wingspan of 262 feet and is propelled by 10 electric motors powered by solar panels covering the surface of the wing and rechargeable battery packs, resulting in zero emissions. Flying at an altitude of approximately 65,000 feet above sea level and above the clouds, the Sunglider can carry payloads weighing as much as 150 pounds and is designed for continuous, extended missions of months without landing.
To view footage from the Sunglider solar HAPS stratospheric test flight, click here.
About AeroVironment, Inc.
AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can proceed with certainty. Celebrating 50 years of innovation, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government and commercial customers. For more information, visit www.avinc.com.
Safe Harbor Statement
Certain statements in this press release may constitute "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from those expressed or implied. Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, our ability to perform under existing contracts and obtain additional contracts; changes in the regulatory environment; the activities of competitors; failure of the markets in which we operate to grow; failure to expand into new markets; failure to develop new products or integrate new technology with current products and uncertainty in the customer adoption rate of such products; and general economic and business conditions in the United States and elsewhere in the world. For a further list and description of such risks and uncertainties, see the reports we file with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.
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AeroVironment, Inc.
Makayla Thomas
+1 (805) 520-8350
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Mark Boyer
For AeroVironment, Inc.
+1 (310) 229-5956
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BEND, Ore.--(BUSINESS WIRE)--Element 1 Corp (“e1” or “the Company”), a leading developer of hydrogen generation technology, announced today that its proprietary methanol-based M-Series hydrogen generator technology has been licensed to RIX Industries (RIX). Under the terms of the license agreement, RIX has been granted non-exclusive rights to manufacture and deploy e1’s M-Series onboard 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.
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 onboard 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.
“RIX Industries has a global reputation for excellence, and the addition of e1’s 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.”
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.
Element 1 Corp (Bend, Oregon):
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.
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.
Media Contact:
Robert Schluter
President
Element 1 Corp
Phone: 541.678.5943
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e1 Investor / Analyst Contact:
Greg Haugen
CFO
Element 1 Corp
Phone: 541.639.1711
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RIX Industries Contact:
Elizabeth Schroeder
Marketing Manager
RIX Industries
Phone: 707.745.7198
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Milestone achieved approximately three years after development began
TOKYO--(BUSINESS WIRE)--HAPSMobile Inc. (“HAPSMobile”), a subsidiary of SoftBank Corp. (TOKYO:9434) and minority-owned by AeroVironment, Inc. (“AeroVironment,” NASDAQ: AVAV), today announced that an altitude of 62,500 feet (approximately 19 kilometers) was reached during the fifth test flight for “Sunglider,” a solar-powered unmanned aircraft system (“UAS”) designed for stratospheric telecommunications platform systems. The test flight took place on September 21, 2020 (MT) at Spaceport America (“SpA”), New Mexico. Sunglider successfully reached the stratosphere in the short span of approximately three years since its development began.
The test flight lasted a total 20 hours and 16 minutes, with 5 hours and 38 minutes of them in the stratosphere. The world-class sized UAS not only reached the stratosphere, it successfully completed its flight on a pre-flight battery charge and solar energy during the flight. Sunglider also demonstrated its high-performance capabilities under extremely demanding conditions where wind speeds were greater than 58 knots (approximately 30 meters per second) and temperatures fell as low as -73 degrees Celsius.
5th Test Flight Overview (all times stated in US Mountain Time)
Maximum altitude |
62,500 feet (approx. 19 kilometers) |
|
Total flight time |
20 hours and 16 minutes Take off: September 21, 5:16 AM Landing: September 22, 1:32 AM |
|
Flight time in stratosphere |
5 hours and 38 minutes Stratosphere entry: September 21, 1:57 PM Stratosphere exit: September 21, 7:35 PM |
|
Test environment |
Max. wind speed |
58 knots (approx. 30 meters per second) |
Lowest temp. |
-73 degrees Celsius |
|
Footage of the test flight can be seen here.
In addition to reaching the stratospheric flight milestone, an Internet connectivity test using a communications payload jointly developed with Loon LLC (“Loon”) was successfully performed during the test flight. Using smartphones connected to the Internet through the payload in the stratosphere, members from Loon and AeroVironment successfully made a video call to HAPSMobile members based in Japan. More details on the payload test are in this press release.
The success of this stratospheric test flight is a major step forward for HAPSMobile as it continues to pursue its mission of bridging the digital divide by building its business in the stratosphere, a new frontier for humankind. HAPSMobile will continue to work to revolutionize mobile networks by leveraging HAPS.
Junichi Miyakawa, Representative Director & CTO of SoftBank Corp., and also President & CEO of HAPSMobile, said, “Watching this test flight, I was reminded of ‘Castle in the Sky,’ the anime directed by Hayao Miyazaki in 1986, and how the airship in the story filled me with aspiration. We once again moved one step closer to our goal of building a base station that floats in the sky solely on solar energy. Even though the temperature fell below 73 degrees Celsius, our work on endurance tests bore fruit and resulted in a successful test flight. On the day of the test, Sunglider faced aerial currents of roughly 30 meters per second, so I was relieved when it hit the runway after clearing all test items. In this test flight, we also successfully conducted communications with smartphones on the ground and obtained data for fully automated piloting. While there is still much room for improvement, we will continue to work toward realizing our dream.”
About HAPSMobile
HAPSMobile Inc. is a subsidiary of SoftBank Corp. that plans and operates a High Altitude Platform Station (HAPS) business with the aim of bridging the world’s digital divide. HAPSMobile is primarily engaged in network equipment research and development for the HAPS business, construction of core networks, new business planning and activities for spectrum usage. AeroVironment, Inc. is HAPSMobile’s minority owner and aircraft development partner for “Sunglider,” a solar-powered unmanned aircraft designed for stratospheric telecommunications platform systems that flies approximately 20kms above ground in the stratosphere. HAPSMobile has a strategic relationship with Loon, a subsidiary of Alphabet, the parent company of Google. For more information, please visit https://www.hapsmobile.com.
HAPSMobile Inc. (within SoftBank Corp. Corporate Communications)
Matthew Nicholson
Yusuke Abe
+81-3-6889-2301
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DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer" or "the Company") today announced the realignment of certain members of Pioneer’s Management Committee. These changes are effective January 1, 2021 and support the Company’s continued goals to deliver long-term shareholder value.
Richard (“Rich”) P. Dealy, currently Executive Vice President and Chief Financial Officer (CFO), has been named President and Chief Operating Officer. Rich has served as CFO since 2004, overseeing a myriad of teams, both financial and operational, during his tenure. Rich has been an invaluable leader in many roles during his 28 years with the Company. He initially joined Parker and Parsley, a predecessor to Pioneer, in 1992. Rich graduated with honors from Eastern New Mexico University with a Bachelor of Business Administration degree in Accounting and Finance.
Neal H. Shah, currently Vice President (VP), Investor Relations, has been named Senior Vice President and Chief Financial Officer. Neal has served as VP, Investor Relations since joining Pioneer in 2017 and has been instrumental in shaping and communicating the Company’s corporate strategy. He has over 15 years of experience in finance and investment management including VP at Nuveen Asset Management, as well as financial positions at various investment banks. Neal earned his Bachelor of Science degree in Electrical Engineering from Louisiana State University and holds a Master of Business Administration degree from the University of Chicago Booth School of Business.
Elizabeth (“Beth”) A. McDonald, currently Vice President, Permian Strategic Planning and Field Development (SPFD), has been named Senior Vice President, SPFD and Marketing. Beth has served as VP, SPFD since 2019 and has been impactful in her many roles, including VP, South Texas Asset Team, during her 15 years at Pioneer. She initially joined Pioneer in 2005. Beth holds a Bachelor of Science in Petroleum Engineering from Texas A&M University in College Station.
Chief Executive Officer (CEO) Scott D. Sheffield stated, “When I returned as CEO in 2019 it was clear the shale model was undergoing a rapid transformation. Pioneer responded by evolving its business strategy, culminating in the new investment framework we outlined in August that focused on strong returns, low leverage, significant free cash flow and return of capital to shareholders. These management changes enhance Pioneer’s ability to execute our plan, driving value for shareholders.
I would like to recognize Rich, Neal and Beth on their new appointments. Their collective experience, commitment and impact to Pioneer have been pivotal in securing Pioneer’s leading operational and financial position. I look forward to working with Rich, Neal and Beth in their new roles over the coming years. I am confident that Pioneer has a bright future as we work to supply low-cost energy to the world while adhering to the highest environmental standards.”
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.
Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements and the business prospects of Pioneer are subject to a number of risks and uncertainties that may cause Pioneer’s actual results in future periods to differ materially from the forward-looking statements. These risks and uncertainties are described in Pioneer’s Annual Report on Form 10-K for the year ended December 31, 2019, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2020 and June 30, 2020, and other filings with the Securities and Exchange Commission. In addition, Pioneer may be subject to currently unforeseen risks that may have a materially adverse impact on it. Accordingly, no assurances can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Pioneer undertakes no duty to publicly update these statements except as required by law.
Pioneer Natural Resources Company 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
LONDON & SYDNEY & HOUSTON--(BUSINESS WIRE)--Quinbrook Infrastructure Partners (‘Quinbrook’), a specialist investor in lower carbon and renewable energy infrastructure, today announced the appointment of Dawn Turner to the Investment Manager Advisory Board.
Dawn is the former CEO of the Brunel Pensions Partnership, a £30 billion Local Government Pension Scheme Pool recently formed from the collaboration of 10 Local Government Pension Scheme funds. Prior to her role at Brunel, Dawn served as the Chief Pensions Officer at the Environment Agency Pension Fund. She is currently an Advisory Committee member at Man Group and is a Responsible Investment Advisory Committee member at Irish Life Investment Management. Dawn is a recognized expert in Responsible Investment and Sustainable Finance with over 30 years’ experience as a finance professional and business leader. She is a recipient of multiple industry awards and was named in Financial News’ top 100 most influential women 2017 and 2018.
Dawn joins Mark Fulton, former Head of Research at DB Climate Change Advisors at Deutsche Bank, on Quinbrook’s Advisory Board. Dawn will bring an invaluable investor’s perspective to the ongoing formulation and refinement of Quinbrook’s ESG and impact focused investment strategies in lower carbon and renewable energy infrastructure asset development, ownership and portfolio construction for institutional investors.
Quinbrook aims to protect and enhance the value of invested assets for the long-term benefit of its investors through the proactive identification and management of the ESG aspects of those investments. However, Quinbrook’s ESG objectives extend beyond this; to job creation, improved governance, greater community engagement, and reduced environmental impacts from the daily operation of portfolio assets. In the UK, Quinbrook is focusing on opportunities arising from the accelerating energy transition to achieve ‘Net Zero’ emissions from the country’s energy supply system. With ageing coal, gas and nuclear plants being retired in the UK, significant long-term capital investment in replacement new renewables supply infrastructure, battery storage, smart grid and related businesses will be needed. Quinbrook views the need for new infrastructure as an opportunity to deliver measurable ESG impact from asset creation and optimisation which it considers fundamental to any ‘high impact’ focused investment thesis.
Rory Quinlan, co-founder and managing partner of Quinbrook, stated, “Whilst ESG and impact investing are not new to Quinbrook given the decades we have devoted to developing and building new renewables infrastructure assets, we are committed to leading the industry and continuously improving our processes and effectiveness as an investment manager. Investors are increasingly demanding proactive engagement on ESG and sustainability, as they should. We are delighted to have such a well-respected professional in Dawn Turner to help guide us forward.”
About Quinbrook Infrastructure Partners
Quinbrook Infrastructure Partners (www.quinbrook.com) is a specialist investment manager focused exclusively on lower carbon and renewable energy infrastructure investment and operational asset management in the U.S., U.K. and Australia. Quinbrook is led and managed by a senior team of power industry professionals who have collectively invested over U.S.$8 billion of equity in energy infrastructure assets since the early 1990's, representing a total enterprise value of U.S.$28.7 billion or 19.5 GW of power supply capacity. Quinbrook's investment and asset management team has offices in Houston, London, Jersey, and the Gold Coast of Australia. Quinbrook's global investment and portfolio company teams are actively developing and constructing a portfolio exceeding 6GW of onshore wind, solar PV, reserve peaking power, battery storage projects, grid support infrastructure, Virtual Power Plants and Community Energy Networks across the U.S., U.K. and Australia.
Media
Amanda Coyle
212-446-1867
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NEW YORK--(BUSINESS WIRE)--#earnings--Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, October 28, 2020 at 10 a.m. Eastern Time to discuss its third quarter 2020 earnings release.
To phone into the conference call, parties in the United States should dial 877-693-6685 and enter the pass code 2148568 after 9:45 a.m. Outside the United States, parties should dial 443-295-9223 and enter the pass code 2148568. This conference call will also be accessible by webcast (audio only).
A replay of the conference call will be available from October 28 through November 11, 2020 by dialing 855-859-2056 and entering the pass code 2148568. Outside the United States, parties should dial 404-537-3406 and enter the pass code 2148568.
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at http://www.hess.com.
Forward-looking Statements
Certain statements in this release may constitute "forward-looking statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended, and Section 27A of the United States Securities Act of 1933, as amended. Forward-looking statements are subject to known and unknown risks and uncertainties and other factors which may cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, uncertainties inherent in the measurement and interpretation of geological, geophysical and other technical data. Estimates and projections contained in this release are based on the Company’s current understanding and assessment based on reasonable assumptions. Actual results may differ materially from these estimates and projections due to certain risk factors discussed in the Corporation’s periodic filings with the Securities and Exchange Commission and other factors.
For Hess Corporation
Investor Contact:
Jay Wilson, 212-536-8940
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Media Contact:
Lorrie Hecker, 212-536-8250
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SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin Ltd. (Nasdaq: GRMN) invites shareholders and investors to listen to its third quarter 2020 earnings conference call that will be broadcast over the Internet on Wednesday, October 28, 2020 at 10:30 a.m. ET, with executives of Garmin. The call will be held in conjunction with the company's earnings release, which will be distributed prior to market open on October 28, 2020.
What: Garmin Ltd. Third Quarter 2020 Earnings Call
When: Wednesday, October 28, 2020 at 10:30 a.m. ET
Where: http://www.garmin.com/en-US/company/investors/events/
How: Join via the website link above, or participate by phone by dialing 855-757-3897 (due to the limited number of lines available, we encourage you to dial-in approximately 15 minutes prior to the start of the call).
Contact: This email address is being protected from spambots. You need JavaScript enabled to view it.
An archive of the live webcast will be available until October 28, 2021 on Garmin’s website at www.garmin.com. To access the replay, click on the Investor Relations link and select the Quarterly and Annual Earnings page.
Engineered on the inside for life on the outside, Garmin products have revolutionized the aviation, automotive, fitness, marine and outdoor lifestyles. Dedicated to helping people make the most of the time they spend pursuing their passions, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. For more information, visit Garmin's virtual pressroom at garmin.com/newsroom, contact the Media Relations department at 913-397-8200, or follow us at facebook.com/garmin, twitter.com/garminnews, instagram.com/garmin or youtube.com/garmin.
About Garmin Ltd.: Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin is a registered trademark of Garmin Ltd.
Category: Corporate
INVESTOR CONTACT:
Teri Seck
Garmin International Inc.
Phone | 913/397-8200
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MEDIA CONTACT:
Carly Hysell
Garmin International Inc.
Phone | 913/397-8200
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IRVINE, Calif.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) announced today that the Company has closed on the repricing of its $175 million term loan facility. The interest rate spread on the term loan was reduced by 50 basis points to LIBOR, with a 1.00% floor, plus 4.50%, compared to the prior rate of LIBOR, with a 1.00% floor, plus 5.00%. The interest rate on the Company’s revolving credit facility was unchanged at LIBOR plus 3.5% and the maturity date on both facilities remains unchanged in 2025.
Allan Dicks, Montrose’s Chief Financial Officer, stated, “This reduction in borrowing rates reflects the ongoing progress we have made in strengthening our balance sheet and improving our operational performance. This successful repricing provides us with additional financial flexibility to execute on our strategic initiatives and underscores the strong relationships we maintain with our financial partners.”
About Montrose
Montrose is a leading environmental services company focused on supporting commercial and government organizations as they deal with the challenges of today, and prepare for what’s coming tomorrow. With 1,700 employees across 70 locations around the world, Montrose combines deep local knowledge with an integrated approach to design, engineering, and operations, enabling the Company to respond effectively and efficiently to the unique requirements of each project. From comprehensive air measurement and laboratory services to regulatory compliance, emergency response, permitting, engineering, and remediation, Montrose delivers innovative and practical solutions that keep its clients on top of their immediate needs – and well ahead of the strategic curve. For more information, visit www.montrose-env.com.
Forward‐Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may be identified by the use of words such as “intend,” “expect”, and “may”, and other similar expressions that predict or indicate future events or that are not statements of historical matters. Forward-looking statements are based on current information available at the time the statements are made and on management’s reasonable belief or expectations with respect to future events, and are subject to risks and uncertainties, many of which are beyond the Company’s control, that could cause actual performance or results to differ materially from the belief or expectations expressed in or suggested by the forward-looking statements. Further, many of these factors are, and may continue to be, amplified by the COVID-19 pandemic. Additional factors or events that could cause actual results to differ may also emerge from time to time, and it is not possible for the Company to predict all of them. Forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update any forward-looking statement to reflect future events, developments or otherwise, except as may be required by applicable law. Investors are referred to the Company’s filings with the Securities and Exchange Commission, including its final prospectus dated July 22, 2020, for additional information regarding the risks and uncertainties that may cause actual results to differ materially from those expressed in any forward-looking statement.
Investor Relations:
Rodny Nacier
(949) 988-3383
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Media Relations:
Doug Donsky
(646) 361-1427
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NORTH CHARLESTON, S.C.--(BUSINESS WIRE)--$NGVT #innovation--Ingevity Corporation (NYSE:NGVT) today announced that it has named Erik Ripple as the company’s chief growth and innovation officer and as such will join the company’s leadership team, effective October 1. Ripple had previously served as president, Asia / Pacific for Ingevity, and will continue to hold those responsibilities on an interim basis until a permanent replacement is named.
“Consistent with our new direction toward ‘Ingevity 2.0,’ we are creating a team and a leadership position focused solely on driving growth opportunities,” said John Fortson, president and CEO of Ingevity. “Erik will be tasked with building a function that leverages our ‘innovation heritage,’ and identifies and captures opportunities to grow our top line and further our place as a top-quartile specialty chemical company. Erik’s experience in strategic business development, innovation, leadership and ‘outside the box thinking’ make him ideally suited for this new role.”
Ripple joined Ingevity in April 2010 as director, corporate development leading strategic acquisition initiatives. He was promoted to business director, global automotive in January 2013 and four years later promoted to vice president, Performance Materials in March 2017. He was named to his current role in July 2018. Prior to joining Ingevity, Ripple spent 18 years with Eastman Chemical Company, rising through positions of increasing responsibility including business and regional leadership roles. His two most recent assignments at Eastman were as corporate development manager from 2005 to 2008 and as innovation leader from 2008 to 2010. Ripple holds a bachelor’s degree in chemistry from the University of Tennessee and a Master of Business Administration degree from Washington University in St. Louis.
Ingevity: Purify, Protect and Enhance
Ingevity provides specialty chemicals, high-performance carbon materials and engineered polymers that purify, protect, and enhance the world around us. Through a team of talented and experienced people, Ingevity develops, manufactures, and brings to market products and processes that help customers solve complex problems. These products are used in a variety of demanding applications, including asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants, publication inks, coatings, elastomers, bio-plastics and automotive components that reduce gasoline vapor emissions. Headquartered in North Charleston, South Carolina, Ingevity operates from 25 locations around the world and employs approximately 1,850 people. The company is traded on the New York Stock Exchange (NYSE: NGVT). For more information visit www.ingevity.com.
Cautionary Statements About Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Such statements generally include the words “will,” “plans,” “intends,” “targets,” “expects,” “outlook,” or similar expressions. Forward-looking statements may include, without limitation, expected financial positions, results of operations and cash flows; financing plans; business strategies and expectations; operating plans; and the impact of COVID-19. Actual results could differ materially from the views expressed. Factors that could cause actual results to materially differ from those contained in the forward-looking statements, or that could cause other forward-looking statements to prove incorrect, include, without limitation, adverse effects from the COVID-19 pandemic; adverse effects of general economic and financial conditions; risks related to international sales and operations; and the other factors detailed from time to time in the reports we file with the SEC, including those described under "Risk Factors" in our Annual Report on Form 10-K, Form 10-Q and other periodic filings. These forward-looking statements speak only as of the date of this press release. Ingevity assumes no obligation to provide any revisions to, or update, any projections and forward-looking statements contained in this press release.
Laura Woodcock
843-746-8197
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Investors:
Jack Maurer
843-746-8242
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OKLAHOMA CITY--(BUSINESS WIRE)--Enable Midstream Partners, LP (NYSE: ENBL) will release third quarter 2020 financial results before market hours Wednesday, Nov. 4, and will host a conference call at 10 a.m. EST (9 a.m. CST) that day to discuss the results.
The toll-free dial-in number to access the conference call is 833-968-1938, and the international dial-in number is 778-560-2726. The conference call ID is 8109667. The call will accompany a live webcast, and a replay will be available afterward. The webcast can be accessed from Enable’s investor page at investors.enablemidstream.com.
ABOUT ENABLE MIDSTREAM PARTNERS
Enable owns, operates and develops strategically located natural gas and crude oil infrastructure assets. Enable’s assets include approximately 14,000 miles of natural gas, crude oil, condensate and produced water gathering pipelines, approximately 2.6 Bcf/d of natural gas processing capacity, approximately 7,800 miles of interstate pipelines (including Southeast Supply Header, LLC of which Enable owns 50%), approximately 2,200 miles of intrastate pipelines and seven natural gas storage facilities comprising 84.5 billion cubic feet of storage capacity. For more information, visit www.enablemidstream.com.
Media
Leigh Ann Williams
(405) 553-6947
Investor
Matt Beasley
(405) 558-4600
HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that, on October 6, 2020, the Board of Directors of its general partner declared a distribution on Genesis’ common units and 8.75% Class A Convertible Preferred Units attributable to the quarter ended September 30, 2020. These distributions will be paid on November 13, 2020 to holders of record at the close of business on October 30, 2020.
Each holder of common units will be paid a quarterly cash distribution of $0.15 ($0.60 on an annualized basis) for each common unit held of record. With respect to the preferred units, Genesis will pay a cash distribution of $0.7374 ($2.9496 on an annualized basis) for each preferred unit held of record.
Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis’ operations include offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation and marine transportation. Genesis’ operations are primarily located in the Gulf Coast region of the United States, Wyoming and the Gulf of Mexico.
Genesis Energy, L.P.
Ryan Sims
SVP – Finance and Corporate Development
(713) 860-2521
EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--C.H. Robinson Worldwide, Inc. (“C.H. Robinson”) (Nasdaq: CHRW) will hold its quarterly conference call to discuss third quarter 2020 results on Wednesday, October 28, 2020, at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). The results will be released via press release after market close on Tuesday, October 27, 2020. We invite call participants to submit questions in advance of the conference call, and we will respond to as many of the questions as we can in the time allowed. To submit your question(s) in advance of the call, please email This email address is being protected from spambots. You need JavaScript enabled to view it..
Hosting the conference call will be Bob Biesterfeld, Chief Executive Officer; Mike Zechmeister, Chief Financial Officer; and Chuck Ives, Director of Investor Relations.
Presentation slides and a simultaneous audio webcast of the conference call may be accessed at http://investor.chrobinson.com.
To participate in the conference call by telephone, please call ten minutes early by dialing 877-269-7756. International callers dial +1-201-689-7817. The call will be limited to 60 minutes in length.
An audio replay will be available at http://investor.chrobinson.com. An audio replay will also be available by telephone until 11:30 a.m. Eastern Time on November 4 by calling 1-877-660-6853 and dialing the passcode 13711722#. International callers dial +1-201-612-7415.
About C.H. Robinson
C.H. Robinson solves logistics problems for companies across the globe and across industries, from the simple to the most complex. With nearly $20 billion in freight under management and 18 million shipments annually, we are one of the world’s largest logistics platforms. Our global suite of services accelerates trade to seamlessly deliver the products and goods that drive the world’s economy. With the combination of our multimodal transportation management system and expertise, we use our information advantage to deliver smarter solutions for our more than 119,000 customers and 78,000 contract carriers. Our technology is built by and for supply chain experts to bring faster, more meaningful improvements to our customers’ businesses. As a responsible global citizen, we are also proud to contribute millions of dollars to support causes that matter to our company, our Foundation and our employees. For more information, visit us at www.chrobinson.com (Nasdaq: CHRW).
Source: C.H. Robinson
CHRW-IR
Chuck Ives, Director of Investor Relations
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WESTLAKE, Ohio--(BUSINESS WIRE)--TravelCenters of America Inc. (Nasdaq: TA) today announced that it plans to issue a press release containing its third quarter 2020 financial results before the Nasdaq opens for trading on Wednesday, November 4, 2020. Later that morning, at 10:00 a.m. Eastern Time, Chief Executive Officer Jonathan M. Pertchik, President Barry Richards and Chief Financial Officer and Treasurer Peter Crage will host a conference call to review the third quarter 2020 results.
The conference call telephone number is (877) 329-4614. Participants calling from outside the United States and Canada should dial (412) 317-5437. No pass code is necessary to access the call from either number. Participants should dial in about 15 minutes prior to the scheduled start of the call. A replay of the conference call will be available through Wednesday, November 11, 2020. To hear the replay, dial (412) 317-0088. The replay pass code is 10148171.
A live audio webcast of the conference call will also be available in a listen-only mode on the company's website, which is located at www.ta-petro.com. Participants who want to access the webcast should visit the company's website about five minutes before the call. The archived webcast will be available for replay on the company's website after the call.
About TravelCenters of America Inc.:
TravelCenters of America Inc. (Nasdaq: TA) is the nation's largest publicly traded full-service travel center network. Founded in 1972 and headquartered in Westlake, Ohio, its more than 20,000 employees serve customers in over 265 locations in 44 states and Canada, principally under the TA®, Petro Stopping Centers® and TA Express® brands. Offerings include diesel and gasoline fuel, truck maintenance and repair, full-service and quick-service restaurants, car and truck parking and other services and amenities dedicated to providing great experiences for professional drivers and the general motoring public. TravelCenters of America operates nearly 650 full-service and quick-service restaurants and 10 proprietary brands, including Quaker Steak and Lube®, Iron Skillet® and Country Pride®. For more information, visit www.ta-petro.com.
Kristin Brown, Director, Investor Relations
(617) 796-8251
HOUSTON--(BUSINESS WIRE)--Sunnova Energy International Inc. (“Sunnova”) (NYSE: NOVA), a leading U.S. residential solar and energy storage service provider, announced today it will release its third quarter 2020 results after the markets close on October 28, 2020, to be followed by a conference call to discuss the results at 8:30 a.m. Eastern Time on October 29, 2020.
To register for this conference call, please use this link http://www.directeventreg.com/registration/event/9279307. After registering, a confirmation will be sent through email, including dial-in details and unique conference call codes for entry. To ensure you are connected for the full call we suggest registering a day in advance or at a minimum 10 minutes before the start of the call. A replay will be available two hours after the call and can be accessed by dialing 800-585-8367, or for international callers, 416-621-4642. The conference ID for the live call and the replay is 9279307. The replay will be available until November 11, 2020.
Interested investors and other parties may also listen to a simultaneous webcast of the conference call by logging onto the Investor Relations section of Sunnova’s website at www.sunnova.com.
About Sunnova
Sunnova Energy International Inc. (NYSE: NOVA) is a leading residential solar and energy storage service provider with customers across the U.S. states 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 uninterruptedTM.
For more information, visit www.sunnova.com, follow us on Twitter @Sunnova_Solar and connect with us on Facebook.
Investor & Analyst Contact
Rodney McMahan
Sunnova Energy International Inc.
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(281) 971-3323
Press & Media Contact
Kelsey Hultberg
Sunnova Energy International Inc.
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VANCOUVER, British Columbia--(BUSINESS WIRE)--$ALB #BMW--Lomiko Metals Inc. (“Lomiko”) (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) is focused on the exploration and development of graphite for the new green economy. Lomiko has been monitoring actions by government in Canada and the USA that are focused on reducing dependence on Chinese supply of graphite, lithium and other electric vehicle battery materials. Canada and the USA have worked closely and confirmed supply agreements between the two countries.
President Donald Trump recently signed an Executive Order entitled Executive Order on Addressing the Threat to the Domestic Supply Chain from Reliance on Critical Minerals from Foreign Adversaries, which is focused on creating North American suppliers of Battery Materials.
Excerpts from Executive Order:
"...the United States is 100 percent reliant on imports for graphite, which is used to make advanced batteries for cellphones, laptops, and hybrid and electric cars. China produces over 60 percent of the world’s graphite and almost all of the world’s production of high-purity graphite needed for rechargeable batteries."
“(i) the United States develops secure critical minerals supply chains that do not depend on resources or processing from foreign adversaries;
(ii) the United States establishes, expands, and strengthens commercially viable critical minerals mining and minerals processing capabilities; and
(iii) the United States develops globally competitive, substantial, and resilient domestic commercial supply chain capabilities for critical minerals mining and processing.”
In September, Congressmen Lance Gooden (R-TX) and Vicente Gonzalez (D-TX) recently introduced a bill that seeks to decrease the U.S.’s dependence on China for critical metals. The bill, dubbed the Reclaiming American Rare Earths (RARE) Act, aims to establish tax incentives for domestic production of rare earths.
The Congressmen statement sounds the alarm regarding critical metals production: “The United States is more dependent than ever on the importation of the resources that drive our economy, enable us to build advanced technology, and ensure our national security,” Gooden’s office said in a release. “Thirty-five of these rare earth minerals are designated by the Department of Interior as ‘critical’, and we source fourteen of them entirely from foreign suppliers. China is a leading supplier for twenty-two of the thirty-five. The RARE Act is specifically designed to change that.”
Earlier this year, Sen. Ted Cruz introduced similar legislation, dubbed the Onshoring Rare Earths Act of 2020, or ORE Act. Further, on December 18, 2019 Canada announced that it had joined the U.S.-led multilateral Energy Resource Governance Initiative (ERGI). ERGI aims to support secure and resilient supply chains for critical minerals by identifying options to diversify supply chains and facilitate trade and industry connections.
Canada, and especially Quebec, are perfectly situated to supply the U.S. with many of the critical minerals it is seeking to secure due to an extensive selection of mineral projects. Also, strong political and economic ties, a stable political, economic and regulatory environment and a robust metals and mining sector. Of the 35 critical metals identified by the U.S., Canada is a sizable supplier of 13 of such minerals including graphite, lithium and manganese to the U.S. and the second-largest supplier of niobium, tungsten and magnesium. Canada also supplies approximately one quarter of the U.S. uranium needs.
“Initial indications are that La Loutre Graphite Property is high-quality and high-grade and thus worthy of development.” stated A. Paul Gill, CEO. “The only operating graphite mine in North America which is the Imerys Graphite & Carbon at Lac-des-Îles, is 30 miles northwest of La Loutre and has operated for 30 years. It reported proven reserves of 5.2 M Tonnes at a grade of 7.42 % Cg in July 1988 before the start of production.” (Reference: Potentiel de la minéralisation en graphite au Québec, N’Golo Togola, MERN, page 31, Conférence Québec Mines, November 24 2016).
Graphite demand is expected to increase exponentially for the mined natural graphite material, as more is used in the production of spherical graphite for graphite in the anode portion of Electric Vehicle Lithium-ion batteries. The near-term goals of the company are as follows:
1) Complete 100% Acquisition of the Property, currently 80% owned by Lomiko Metals.
2) Complete metallurgy and graphite characterization to confirm li-ion anode grade material.
3) Complete a Technical Report to confirm the extent of the mineralization equals or surpasses the nearby Imerys Mine, owned by international mining conglomerate.
A "technical report" means a report prepared and filed in accordance with this Instrument and Form 43-101F1 Technical Report, and includes, in summary form, all material scientific and technical information in respect of the subject property as of the effective date of the technical report;
4) Complete Preliminary Economic Assessment (PEA)
A PEA means a study, other than a pre-feasibility or feasibility study, that includes an economic analysis of the potential viability of mineral resources.
For more information on Lomiko Metals, Promethieus, review the website at www.lomiko.com, and www.promethieus.com, contact A. Paul Gill at 604-729-5312 or email: This email address is being protected from spambots. You need JavaScript enabled to view it..
On Behalf of the Board
“A. Paul Gill”
Director, Chief Executive Officer
We seek safe harbor.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), accept responsibility for the adequacy or accuracy of this release.
A. Paul Gill
604-729-5312
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LONDON--(BUSINESS WIRE)--#AutomationSolutionMarketinRenewablePowerGenerationIndustry--Technavio has been monitoring the global automation solution market in renewable power generation industry and it is poised to grow by USD 3.10 bn 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. We offer $1000 worth of FREE customization
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABB Ltd., Robert Bosch GmbH, Delta Electronics Inc., Eaton Corporation Plc , Emerson Electric Co., Fuji Electric Co. Ltd., General Electric Co., Mitsubishi Electric Corp., Rockwell Automation Inc., 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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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
Automation Solution Market in Renewable Power Generation Industry 2020-2024: Segmentation
Automation Solution Market in Renewable Power Generation Industry is segmented as below:
Automation Solution Market in Renewable Power Generation Industry 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 automation solution market in renewable power generation industry report covers the following areas:
This study identifies ease of availability of ad-hoc capital as one of the prime reasons driving the growth of global automation solution market in renewable power generation industry during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Automation Solution Market in Renewable Power Generation Industry 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer Landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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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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Jesse Maida
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Technology Supports Financial Clarity and Production Decisions for the U.S.’s Largest Statewide Association of Independent Energy Producers
HOUSTON, Texas--(BUSINESS WIRE)--#blockchain--Data Gumbo, the trusted industrial blockchain network, today announced that it has partnered with the Texas Alliance of Energy Producers (the Alliance), the largest statewide association in the country serving independent energy producers. The partnership will deploy GumboNet™, Data Gumbo’s massively interconnected blockchain network, to members of the Alliance to power smart contracts across energy production to support cost savings and efficiencies in commercial transactions.
“The Alliance performs critical work in legislative and regulatory advocacy, and in developing programs that protect industry, unite fragmented voices and to enable independent producers to grow, prosper and thrive for its more than 2,600 members,” said Andrew Bruce, CEO and Founder, Data Gumbo. “GumboNet ensures transactional certainty through automated smart contracts that will allow Alliance members to make real-time, informed production decisions based on actual field events driving improved performance and million-dollar savings opportunities.”
As a network of companies, customers, suppliers and vendors, GumboNet integrates specific transactional data with automated smart contracts powered by blockchain technology. By providing a single immutable record of truth, GumboNet synchronizes data across counterparties for complete transparency that frees up working capital, reduces contract leakage, enables real-time cash and financial management, and delivers provenance. Company, commodity and ticketing systems agnostic, Data Gumbo stores all data directly on its network with full auditable records resulting is an innovative and modern process that creates touchless transactions and crushes waste in the process.
“Data Gumbo has cracked the code to cut costs and realize transactional certainty across commercial relationships,” said Jason Modglin, President of the Texas Alliance of Energy Producers. “Being able to offer their proven technology to our large network better positions independent energy producers to capture value, save money and mitigate risk through better, more informed decisions. As always, we look to add value to membership in the Alliance, and GumboNet brings a strong product to the table and we are pleased to offer it to oil and gas producers in Texas.”
For more information regarding the benefits available to the Alliance members through this partnership, please visit here.
About the Texas Alliance of Energy Producers
Based in the oil patch, the Alliance represents the interests of the oil and gas industry at both the state and federal levels of government. The Alliance’s commitment is to ensuring that tomorrow’s energy policy will be one in which our members can grow and prosper. Created in 2000 through the merger of the North Texas Oil & Gas Association and the West Central Texas Oil & Gas Association, the Alliance has a combined membership of over 2,600 members. It is the largest state independent oil and gas association in the nation. The Alliance brings together members in 300 cities and 29 states for the common purpose of protecting the oil and gas industry and developing programs — insurance, public education — that make them more profitable. The Alliance’s effectiveness relies upon speaking with one, unified voice. Independents drilled 96% of wells in Texas, and produced 88% of the oil & gas in Texas.
About Data Gumbo
Data Gumbo provides transactional certainty for tomorrow’s industrial leaders through GumboNet™, a massively interconnected industrial blockchain network. With integrated real-time capabilities that power, automate and execute smart contracts, our network reduces contract leakage, frees up working capital, enables real-time cash and financial management and delivers provenance with unprecedented speed, accuracy, visibility and transparency. Headquartered in Houston, Texas, Data Gumbo has a subsidiary office in Stavanger, Norway. To date, the company has received equity funding with Saudi Aramco Energy Ventures, the venture subsidiary of Saudi Aramco, and Equinor Technology Ventures, the venture subsidiary of Equinor, Norway’s leading energy operator. For more information, visit www.datagumbo.com or follow on LinkedIn, @DataGumbo and Facebook.
Gina Manassero
Data Gumbo
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