SAN JOSE, Calif.--(BUSINESS WIRE)--Tula Technology, Inc., a tech leader in improving propulsion efficiency and reducing emissions in passenger cars and commercial vehicles, announced that the one millionth vehicle utilizing its award-winning Dynamic Skip Fire (DSF®) technology was produced in November 2020. DSF technology modulates power output by dynamically firing or skipping each cylinder in response to torque demand, creating optimal engine efficiency and reduced emissions and fuel consumption. Tula’s proprietary technology is being used in the top-selling Cadillac Escalade, Chevrolet Silverado and Suburban, and the GMC Sierra and Yukon. In aggregate, DSF on these one million vehicles prevents up to one million tons of CO₂ from being emitted annually when compared to conventional V8 engines.

“We’re excited to reach this milestone, which further validates our ongoing efforts to improve efficiency and reduce emissions in a cost-effective manner,” said R. Scott Bailey, CEO of Tula. “The increasing adoption of DSF and Tula’s controls technologies reflects the innovative culture at Tula, and our commitment to developing efficiency solutions across all propulsion types.”

Tula partners with OEMs to provide a transformational bridge to a future of clean, efficient automotive propulsion. Following the success of its control philosophy in DSF, Tula’s engineers have developed diesel DSF (dDSF), which has been proven to reduce NO_x and CO₂ emissions in diesel-powered vehicles, and Dynamic Motor Drive (DMD), which maintains electric motor operation near peak efficiency, allowing for extended range, reduced battery requirements, and motor cost reductions for electric vehicles.

“It’s been a pleasure to work with Tula on the development and implementation of this groundbreaking technology that delivers greater efficiency and reduced emissions in our full-size SUVs and full-size pickups,” said Matthew Tsien, Chief Technology Officer of General Motors and President of GM Ventures. “The joint cooperation of Tula and GM engineers has resulted in fuel-saving solutions for our customers and advances our global sustainability goals.” GM Ventures was an early investor in Tula and a development partner for Tula’s DSF technology, known as Dynamic Fuel Management (DFM) in GM applications.

Tula’s first DSF innovation reached proof of concept internally in 2011 and with GM in 2014. The company has global scale, engaging with OEMs in the U.S., Europe, and Asia to launch the production of numerous models in both the passenger and commercial markets in the coming years.

About Tula Technology, Inc.

Silicon Valley-based Tula Technology provides innovative award-winning software controls to optimize propulsion efficiency and emissions across the mobility spectrum, including gasoline-powered, diesel, alternative fuel, hybrid, and electric vehicles. Tula’s culture of innovation has resulted in breakthrough technology and a robust global patent portfolio of 140+ patents and another 120+ patents pending. Tula Technology is a privately held company backed by Sequoia Capital, Sigma Partners, Khosla Ventures, GM Ventures, BorgWarner, and Franklin Templeton. More information is available at www.tulatech.com.

Tula Technology, Inc.
Ram Subramanian
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Debbie Douglas
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LEAWOOD, Kan.--(BUSINESS WIRE)--Tallgrass Energy Partners, LP (“TEP”) announced today that it has commenced a cash tender offer (the “Tender Offer”) to purchase any and all of the outstanding senior notes (the “Notes”) listed in the following table upon the terms and conditions described in TEP’s Offer to Purchase, dated December 15, 2020 (the “Offer to Purchase”).

____________________
(1) Tallgrass Energy Finance Corp., a wholly owned subsidiary of TEP, is a co-issuer of these securities.
(2) Holders whose Notes are purchased will also receive accrued and unpaid interest thereon from the last interest payment date up to, but not including, the initial settlement date.

The Tender Offer is being made pursuant to the terms and conditions contained in the Offer to Purchase, Letter of Transmittal and Notice of Guaranteed Delivery, copies of which may be obtained from Global Bondholder Services Corporation, the tender agent and information agent for the Tender Offer, by calling (866) 794-2200 (toll free) or, for banks and brokers, (212) 430-3774. Copies of the Offer to Purchase, Letter of Transmittal and Notice of Guaranteed Delivery are also available at the following web address: https://www.gbsc-usa.com/tallgrass/.

The Tender Offer will expire at 5:00 p.m., New York City time, on December 21, 2020 unless extended or earlier terminated (such time and date, as the same may be extended, the “Expiration Time”). Tendered Notes may be withdrawn at any time before the Expiration Time. Holders of Notes must validly tender and not validly withdraw their Notes (or comply with the procedures for guaranteed delivery) before the Expiration Time to be eligible to receive the consideration for their Notes.

Settlement for Notes tendered prior to the Expiration Time and accepted for purchase will occur promptly after the Expiration Time, which is expected to be December 22, 2020, assuming that the Tender Offer is not extended or earlier terminated. The settlement date for any Notes tendered pursuant to a Notice of Guaranteed Delivery is expected to be on December 24, 2020, subject to the same assumption.

To the extent the Tender Offer is not subscribed in full, TEP intends to exercise its right to redeem any Notes that are not tendered in the Tender Offer. The redemption date is expected to be on or about January 21, 2021. The redemption price for the Notes will be 102.375% of the aggregate principal amount being redeemed, plus accrued and unpaid interest on the Notes redeemed to, but not including, the redemption date. The Tender Offer and the redemption are conditioned upon the satisfaction of certain conditions, including the completion of a contemporaneous notes offering (the “Notes Offering”) by TEP on terms and conditions (including, but not limited to, the amount of proceeds raised in such Notes Offering) satisfactory to TEP. The Tender Offer is not conditioned upon any minimum amount of Notes being tendered. The Tender Offer may be amended, extended, terminated or withdrawn. TEP intends to use the net proceeds of the Notes Offering, together with borrowings under its existing senior secured revolving credit facility, to fund the Tender Offer and to redeem any 2023 Notes outstanding after completion of the Tender Offer.

TEP has retained Wells Fargo Securities, LLC to serve as the exclusive Dealer Manager for the Tender Offer. Questions regarding the terms of the Tender Offer may be directed to Wells Fargo Securities, LLC at (toll free) (866) 309-6316 or (collect) (704) 410-4756.

This press release is neither an offer to purchase nor a solicitation of an offer to sell any Notes in the Tender Offer. In addition, this press release is not an offer to sell or the solicitation of an offer to buy any securities issued in connection with any contemporaneous notes offering, nor shall there be any sale of the securities issued in such offering in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About Tallgrass Energy

Tallgrass Energy is a leading energy and infrastructure company operating across 11 states with transportation, storage, terminal, water, gathering and processing assets that serve some of the nation’s most prolific crude oil and natural gas basins.

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NEWPORT BEACH, Calif.--(BUSINESS WIRE)--$CLNE #RNG--Clean Energy Fuels Corp. (NASDAQ: CLNE) announced new and extended contracts for more than 58 million gallons of Redeem™ renewable natural gas (RNG) to accommodate the continued demand for the sustainable fuel from key business segments including heavy duty trucking, solid waste and public transit.

“Our customers have continued to operate their essential businesses at a very high level, despite significant challenges from the COVID-19 pandemic,” said Nate Jensen, senior vice president renewable fuels, Clean Energy. “This means that essential employees are able to get to work, refuse is collected every day, and goods movement continues uninterrupted throughout the U.S. Our customers have demonstrated their commitment to sustainable transportation by enthusiastically embracing our ultra-low carbon Redeem RNG. In response, we have significantly augmented our supplies of Redeem RNG and expect to provide ever-increasing volumes of the clean, sustainable fuel to our customers.”

Clean Energy’s Redeem was the first commercially available RNG vehicle fuel, derived from capturing the biogenic methane produced by the decomposition of organic waste from dairies, landfills, and wastewater treatment plants. Redeem reduces climate-harming greenhouse gas emissions by at least 70 percent, and even up to 300 percent depending on the source of the RNG, making it a negative carbon fuel.

Food Express

Specializing in the transportation of food grade dry bulk commodities in the Western U.S., Food Express, Inc., based in Arcadia, CA has contracted Clean Energy to build a station in Maywood, CA that will deliver an estimated 4.7 million gallons of Redeem for its fleet of 60 RNG trucks. The deal also includes an operations and maintenance agreement for the station, which is expected to be completed by mid-2021.

“We’re pleased to work with Clean Energy on construction of a new fast fill station in Maywood, California,” said Food Express President Kevin Keeney. “Building a station that is dedicated to our fleet will provide more seamless access to ultra-low-carbon RNG and will further our company’s sustainable transportation goals.”

Adopt-A-Port

Pacific Green Trucking, Inc., which operates drayage vehicles in the Ports of Los Angeles and Long Beach, is adding 39 new RNG trucks to its fleet through the Chevron and Clean Energy partnership Adopt-A-Port program. In migrating from diesel fuel to RNG, Pacific Green has committed to an approximate 2.3 million gallons of Redeem.

“Switching trucks to fuel with Renewable Fuels is vital to improving air quality and fighting climate change in our country’s largest port complex,” said Greg Roche, vice president, Clean Energy. “We’re proud to see our partnership with Chevron on the Adopt-a-Port in action to put cleaner, carbon-negative trucks on the road and lessen the environmental impact on operations in the region.”

Rolling with RNG

CR&R Environmental Services has renewed a contract for an anticipated 20 million gallons of Redeem to fuel over 200 CNG waste and recycling trucks at its Garden Grove and Perris stations. This volume is expected to increase as CR&R completes replacement of more diesel trucks in the coming years.

In San Juan Capistrano, CA, CR&R has extended a separate contract for an expected 9 million gallons of Redeem to power over 100 LNG waste and recycling trucks.

Waste Connections, the third largest waste company in North America, has inked a multi-year extended supply contract for an approximate 8 million gallons of Redeem to meet its growing RNG truck fleet needs. A long-term customer of Clean Energy, Waste Connections has expanded its fleet of 110 waste trucks to 100 percent RNG at its San Jose hauling company.

“RNG is a low-carbon alternative to diesel that provides numerous environmental and economic benefits,” said Paul Nelson, Division Vice President of Waste Connections. “Our RNG trucks perform well, don’t require significant infrastructure development, and support the broader environmental objectives of the customer base we serve. Fueling our fleet with Redeem provides us a long term GHG solution for the market and helps us achieve our corporate sustainability goals.”

Long-time Clean Energy customer Atlas Disposal, a waste hauling company based in Sacramento, has signed a multi-year extension contract for an anticipated 10 million gallons of Redeem across their two stations – Sacramento and San Jose.

“When it comes to alternative fuel technology, there is no better solution than natural gas trucks from a performance, emissions and cost benefit perspective. And when those trucks use RNG, it’s a game changer for the market,” said Dave Sikich, president, Atlas Disposal. “Being good stewards of the environment was one of the pillars on which Atlas Disposal was founded, so we are proud of our commitment to be a 100% RNG company across all our fleet operations. RNG is the best low-carbon solution for companies like ours.”

Big Blue Bus, the transit agency that services one of the most environmentally conscious cities in Los Angeles County, Santa Monica, CA, has extended its Redeem fueling contract with Clean Energy for an anticipated 4 million gallons of RNG to fill its bus fleet, one of the largest in the nation.

Zero Now

Linden Bulk Transportation LLC, a subsidiary of Odyssey Logistics & Technology Corporation, has added two new natural gas trucks to its fleet through Clean Energy’s Zero Now program. The offering brings the price of a natural gas truck at parity with a diesel truck, while offering a guaranteed fuel discount for the duration of the agreement.

The new CNG tractors will fuel with an estimated 20,000 gallons of CNG and are the first in Linden’s plan to add more natural gas trucks to the Odyssey fleet.

“Natural gas powers more than 12 million vehicles on the road today – and for good reason,” said Michael Salz, president of Linden Bulk Transportation. “Companies like Odyssey use natural gas tractors to reduce smog-forming emissions and pollutants and better align with carbon footprint and sustainability goals.”

National Cement, based in Encino, CA, has purchased 15 new RNG concrete mixers through Clean Energy’s Zero Now program, with a multi-year fuel agreement for an anticipated 675,000 gallons of Redeem.

The Town of Smithtown on Long Island, NY has again required the use of natural gas refuse trucks in its city refuse franchise and signed a corresponding term extension for Clean Energy’s fueling services. Clean Energy has signed Zero Now agreements with the four new solid waste and recycling companies serving the Town, including Alpha Carting, T&D, Total Collection and Winters Bros., for a total 22 trucks with a multi-year fueling contract for an estimated 1.3 million gallons of natural gas.

Expanded Fueling Services

Denver International Airport has signed a multi-year extended contract for an estimated 7.5 million gallons of natural gas to fuel airport ground transportation. Six airport stations provide fuel for natural gas buses, maintenance pick-up trucks and baggage tugs.

Clean Energy has signed a supply agreement with AmeriGas for an anticipated initial 1.1 million gallons of fuel which is expected to grow substantially in 2021 and beyond. AmeriGas has several customers in Mexico for industrial use purposes as pipeline gas is not readily available.

U.S. Concrete has signed a fuel agreement for 360,000 gallons of CNG at Clean Energy stations within the five boroughs of New York City to fuel 42 of its natural gas ready mix trucks.

With the assistance of federal grant funding, Jacksonville Transportation Authority (JTA) replaced eight diesel buses with new natural gas units. These additional buses will support JTA’s sustainability efforts by eliminating diesel buses that emit higher CO2 emissions. Since 2015, Clean Energy has provided fueling services to JTA, which currently consumes an estimated 1.2 million gallons of natural gas annually.

The City of Surrey, B.C., Canada, recently announced the completion and commissioning of a new natural gas station. This station, which was built and will now be operated by Clean Energy, will fuel the City’s natural gas municipal vehicle fleet using an estimated 250,000 gallons of natural gas.

Livermore Sanitation in California has signed an agreement for a station upgrade and operations and maintenance services to power its fleet of 40 natural gas trucks.

The City of Mesa, Arizona signed a multi-year contract with Clean Energy for an anticipated 800,000 gallons a year to fuel 80 refuse and other City trucks.

About Clean Energy

Clean Energy Fuels Corp. is North America’s leading provider of the cleanest fuel for the transportation market. Through its sales of Redeem™ renewable natural gas (RNG), which is derived from capturing biogenic methane produced from decomposing organic waste, Clean Energy allows thousands of vehicle fleets, from airport shuttles to city buses to waste and heavy-duty trucks, to reduce their amount of climate-harming greenhouse gas by at least 70% and even up to 300% depending on the source of the RNG. Clean Energy can deliver Redeem through compressed natural gas (CNG) and liquified natural gas (LNG) to its network of approximately 540 fueling stations across the U.S. and Canada. Clean Energy builds and operates CNG and LNG fueling stations for the transportation market, owns natural gas liquefication facilities in California and Texas, and transports bulk CNG and LNG to non-transportation customers around the U.S. For more information, visit www.CleanEnergyFuels.com.

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks, uncertainties and assumptions, including without limitation statements about amounts of RNG expected to be consumed and the benefits of RNG. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements. The forward-looking statements made herein speak only as of the date of this press release and, unless otherwise required by law, Clean Energy undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. Additionally, the reports and other documents Clean Energy files with the SEC (available at www.sec.gov) contain risk factors, which may cause actual results to differ materially from the forward-looking statements contained in this news release.

Clean Energy Contact:
Raleigh Gerber
949-437-1397
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Sunverge’s advanced DER control and orchestration platform now supporting CIM standards-based integration with utility DMS, ADMS, EMS and ISO/RTO MMS systems

SAN FRANCISCO--(BUSINESS WIRE)--Sunverge, the provider of the industry-leading Distributed Energy Resource (DER) control and aggregation platform, today announced its platform now also supports advanced Common Information Model (CIM)-based interfaces including full integration with Distribution Management Systems (DMS), Advanced Distribution Management Systems (ADMS), Energy Management Systems (EMS), and Market Management Systems (MMS). With the support of the CIM-based standards, the Sunverge platform continues to accelerate the integration of DERs into core utility operations, enabling utilities to not only easily operate distribution level VPPs as an integrated part of their distribution system operations and automation but also easily and directly integrate with wholesale market management systems to bid DER-based ancillary services into wholesale markets.

The Sunverge Energy Platform and its advanced self-learning algorithms, built on over a decade of smart grid experience, optimizes how DERs are controlled, orchestrated and aggregated. Advanced capabilities such as real-time granular behind the meter visibility and control are becoming increasingly important as DER proliferation continues and utilities are embarking on the aggregation and integration of DERs into core operations such as distribution grid operation, automation and planning along with aggregating DERs for participation in wholesale markets for ancillary services. Sunverge’s software provides the unique ability to dynamically value stack and co-optimize multiple services on both sides of the meter, thereby offering value to the consumer while also adding value to the utility’s grid operations in addition to providing the ability to bid aggregated ancillary services such as capacity and frequency regulation in wholesale markets.

Sunverge platform now supports IEC 61850, 61968, 61970 and 52325-301 standards for integration with core utility distribution management systems as well as direct integration with Market Management Systems.

“The Sunverge platform is enabling standards-based integration with utility DMS/ADMS, EMS and ISO/RTO MMS systems to control, integrate and manage aggregated DERs,” said Martin Milani, CEO of Sunverge. “The passing of FERC order 2222 opens additional monetization streams for aggregated multi-asset and multi-service DERs, unlocking significant benefits for consumers, utilities and the environment.”

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About Sunverge Energy

Sunverge Energy provides the leading open dynamic platform for Virtual Power Plants (VPP), a grid-aware and dynamic power source built from the aggregation of behind-the-meter DERs (distributed energy resources). The Sunverge VPP platform is unique in providing dynamic co-optimization of services on both sides of the meter, helping customers with intelligent management of their own renewable energy generation and utilities with greater flexibility in managing their infrastructure investments, reducing generation costs, increasing system reliability, and meeting their renewable energy goals. Together with the Sunverge Infinity edge controller, the Sunverge VPP platform provides intelligent dynamic near real-time control over decentralized energy resources that is efficient, reliable, and responsive to utilities and their customers. For more information please visit http://www.sunverge.com/

Jared Blanton
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(415) 712-1417

Karen Lee and Nathan Partain Offer Vast Experience from Multiple Industries

PORTLAND, Ore.--(BUSINESS WIRE)--NW Natural Holding Company’s (NYSE: NWN) board of directors has elected two new board members, Karen Lee and Nathan Partain, effective January 1, 2021.

For the past 10 years, Karen Lee has served as CEO of Pioneer Human Services, a nonprofit social-enterprise business based in Seattle, which operates several for-profit businesses to help fund its social mission to assist individuals with criminal histories lead healthy and productive lives. Prior, she served as commissioner of the Washington State Employment Security Department, and held several leadership roles at Puget Sound Energy including director of Gas Operations. She also was an associate attorney at K&L Gates LLP in Seattle, and spent four years as an officer in the U.S. Army.

Lee holds a J.D. from the University of Washington School of Law. She is a graduate of the United States Military Academy at West Point, where she earned a B.S. with a concentration in Russian Studies and a minor in Engineering. She currently serves as a trustee at Western Washington University, a director at W. Lease Lewis Company, and a director of the Federal Reserve Bank of San Francisco. She is also a member of the Washington Statewide Reentry Council and the Regence Blue Shield advisory board. Lee has been named a “40 Under 40” honoree and one of “Seattle’s Women of Influence” by the Puget Sound Business Journal, and received an “Executive Excellence” award from Seattle Business Magazine.

Nathan Partain is president and co-chief investment officer of Duff & Phelps Investment Management Co. Previously, he was with Duff & Phelps Investment Research Co. where he was the director of utility, equity and fixed income research. Partain is also president, CEO and a member of the board of directors of DNP Select Income Fund Inc., Duff & Phelps Utility and Corporate Bond Trust Inc., DTF Tax-Free Income Inc., and Duff & Phelps Utility and Infrastructure Fund Inc. Prior, he held financial and regulatory positions with Gulf States Utilities Company. Partain has announced his retirement from Duff & Phelps Investment Management Co. at the end of 2020.

Partain is chairman of the board of Otter Tail Corporation. He is a National Association of Corporate Directors (NACD) board leadership fellow. He earned a BS and MBA from Sam Houston State University. Partain is a Chartered Financial Analyst (CFA) and a member of the CFA Society of Chicago.

“We’re excited to welcome Karen and Nathan to our board. Their deep industry expertise, combined with the breadth of leadership within their respective industries will strengthen our board’s collective knowledge and capabilities,” said Scott Gibson, NW Natural Holdings’ board chairman.

Lee and Partain were also elected to the board of directors of Northwest Natural Gas Company (NW Natural), the company’s wholly owned subsidiary, starting January 1, 2021.

ABOUT NW NATURAL HOLDINGS

Northwest Natural Holding Company, (NYSE: NWN) (NW Natural Holdings), is headquartered in Portland, Oregon, and through its subsidiaries has been doing business for over 160 years in the Pacific Northwest. It owns Northwest Natural Gas Company (NW Natural), NW Natural Water Company (NW Natural Water), and other business interests and activities.

NW Natural is a local distribution company that currently provides natural gas service to approximately 2.5 million people in more than 140 communities through nearly 770,000 meters in Oregon and Southwest Washington with one of the most modern pipeline systems in the nation. NW Natural consistently leads the industry with high J.D. Power & Associates customer satisfaction scores. NW Natural owns and operates 20 Bcf of underground gas storage in Oregon.

NW Natural Water provides water distribution and wastewater services to communities throughout the Pacific Northwest and Texas. NW Natural Water currently serves approximately 65,000 people through about 26,000 connections. Learn more about our water business at nwnaturalwater.com.
Additional information is available at nwnaturalholdings.com.

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Sarens to provide lifting and transport services to support deployment of NuScale’s small modular reactor

PORTLAND, Ore.--(BUSINESS WIRE)--NuScale Power today announced that it has finalized an agreement with Sarens USA to support deployment of its groundbreaking small modular reactor (SMR) and provide a cash investment in NuScale.

Sarens USA, the global leader in crane rental services, heavy lifting, and engineered transport, will provide both heavy crane supply for construction as well as engineering, and transportation planning, and will be the key heavy haul provider that gets the NuScale Power Module™ from the factory to the first site. As part of the agreement, Sarens will provide a long-term investment in NuScale, signaling a growing commitment from a major global strategic player as an investment partner. NuScale’s exclusive engineering, procurement, and construction (EPC) contract partner and majority investor, Fluor Corporation, will also utilize Sarens for construction site cranes. Sarens is also positioned to provide additional support to both NuScale and Fluor.

Sarens will also be supporting NuScale Power Module™ assembly work for the development of the NuScale power plant for the Utah Associated Municipal Power Systems (UAMPS) Carbon Free Power Project (CFPP). Under the scope of the agreement, work with Sarens will begin over the next six months.

“We are proud to collaborate with and welcome investment from Sarens, yet another great global company that recognizes the value of our groundbreaking technology,” said NuScale Chairman and Chief Executive Officer John Hopkins. “Sarens’ expertise in engineering, heavy haul and heavy lifting will be invaluable as we work towards the construction phase of our first plant in Idaho and begin to build our revolutionary power plant technology. We look forward to working with them in this exciting new venture towards the commercialization of America’s first SMR.”

“We are honored to be collaborating with NuScale. Sarens firmly supports a well-diversified green energy mix for the world’s future energy demands. Our dedicated, U.S. based Sarens Nuclear & Industrial Services team draws upon many years of experience in the U.S. nuclear industry. We are confident Sarens' international footprint and experience will be instrumental in supporting NuScale’s global strategy. We thank NuScale for the trust they have shown in Sarens’ capacity to deliver this key-project,” said Wim Sarens, CEO of Sarens.

NuScale made history in August 2020 as the first small modular reactor to ever receive design approval from the U.S. Nuclear Regulatory Commission. NuScale’s innovative design has unparalleled safety and reliability features, and its modular design makes it flexible, economic, and faster to build. The fully factory-fabricated elements of NuScale’s design take safety-related fabrication work out of the field, lessening the risk to both cost and schedule, and realizing the benefits of repetitive factory fabrication.

​​​​​About NuScale Power

NuScale Power has developed a new modular light water reactor nuclear power plant to supply energy for electrical generation, district heating, desalination, and other process heat applications. This groundbreaking small modular reactor (SMR) design features a fully factory-fabricated NuScale Power Module™ capable of generating 77 MW of electricity using a safer, smaller, and scalable version of pressurized water reactor technology. NuScale's scalable design—a power plant can house up to four, six, or 12 individual power modules—offers the benefits of carbon-free energy and reduces the financial commitments associated with gigawatt-sized nuclear facilities. The majority investor in NuScale is Fluor Corporation, a global engineering, procurement, and construction company with a 60-year history in commercial nuclear power.

NuScale is headquartered in Portland, OR and has offices in Corvallis, OR; Rockville, MD; Charlotte, NC; Richland, WA; and London, UK. Follow us on Twitter: @NuScale_Power, Facebook: NuScale Power, LLC, LinkedIn: NuScale-Power, and Instagram: nuscale_power. Visit NuScale’s website.

Media Contact:
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DUBLIN--(BUSINESS WIRE)--The "Digital Oilfield Market by Process, by Component - Global Opportunity Analysis and Industry Forecast, 2020-2030" report has been added to ResearchAndMarkets.com's offering.

The Global Digital Oilfield Market was valued at USD 23.97 billion in 2019 and is expected to reach USD 38.90 billion by 2030, expanding at a CAGR of 4.5%, during the forecast period, from 2020 to 2030.

Digital oilfield, also known as digitization of oilfield, entails the automation of various upstream, midstream, and downstream oilfield activities. It involves advanced software and various data analysis technique that help provide better outputs and improved profitability. Digital oilfields offer various other advantages including the ease in finding oil and gas reserves, improved safety, environmental protection, and optimized production of hydrocarbons. They deploy various resources to offer efficient and cost-effective outcomes.

Market Dynamics and Trends

Improvements and modernization of activities undertaken in oil fields, technological advancements, infrastructure developments for cost-efficiency, and rising demand for crude oil from various industries are expected to drive the growth of the digital oilfield market.

Additionally, increasing investment by market players and rise in population boosting the consumption of fuel are contributing to the market growth. However, increase in cyber-attacks and data security concerns are hampering the market. Conversely, rise in collaborations among market participants, new product launches and software upgrades are expected to create opportunities in the market.

Competitive Landscape

Key players in the global digital oilfield market include Emerson Electric, General Electric, Weatherford International, Schlumberger, Halliburton, Baker Hughes, Sinopec Oilfield Service, Honeywell International, Siemens, National Oil well Varco, Pason Systems, and International Business Machines (IBM).

Key Topics Covered:

1. Introduction

1.1. Report Description

1.2. Research Methodology

2. Market Snapshot, 2019-2030 Million USD

2.1. Market Snapshot

3. Porter's Five Force Model Analysis

4. Market Dynamics

4.1. Growth Drivers

4.2. Challenges

4.3. Opportunities

5. Global Digital Oilfield Market, by Process

5.1. Overview

5.2. Reservoir Optimization

5.3. Drilling Optimization

5.4. Production Optimization

5.5. Other Process

6. Global Digital Oilfield Market, by Component

6.1. Overview

6.2. Hardware

6.3. Software

6.4. Services

7. Global Digital Oilfield Market, by Region

8. Company Profiles

• Halliburton
• Schlumberger
• Baker Hughes
• National Oilwell Vargo
• Siemens
• Honeywell International
• ABB
• Rockwell Automation
• Emerson

For more information about this report visit https://www.researchandmarkets.com/r/ou8s83

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Oilfield Communications Market by Component, Communication Network (VSAT Communication Network, Fiber Optic-based Communication Network, Microwave Communication Network), Field Site, Application, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The Global Oilfield Communications Market Size Grew from USD 3.4 Billion in 2020 to USD 4.5 Billion by 2025, at a Compound Annual Growth Rate (Cagr) of 5.5% During the Forecast Period

Various factors such as increasing investments in enhancing network infrastructure, growing demand from oil and gas operators to scale the production of mature oilfields, and rising technological advancements for communication across oilfields are expected to drive the adoption of the oilfield communications market.

Businesses providing oilfield communications solutions and services are expected to witness a significant decline in their growth for a short span of time. The oil and gas industry is also facing a crisis due to an oil price war. The pandemic might result in inefficient companies facing liquidity crisis situations, healthier companies diversifying their businesses and changing their business models, and companies facing the shortage of skilled workforce when the market rebounds due to layoffs during the lockdown.

The services segment to grow at a higher CAGR during the forecast period

The oilfield communications market is segmented on the basis of components, such as solutions and services. The services segment is expected to grow at a rapid pace during the forecast period. The growth can be attributed to the growing need for oil and gas companies to save time and money during exploration, drilling, and production operations.

The microwave communication network segment to grow at the highest CAGR during the forecast period

The oilfield communications market by communication network has been segmented into VSAT communication network, TETRA network, cellular communication network, fiber optic-based communication network, and microwave communication network. The microwave communication network segment is expected to grow at a rapid pace during the forecast period. The growth can be attributed to its ability to operate without any fiber-optic infrastructure and the relative ease of setting up a wireless network.

The midstream application segment to grow at the highest CAGR during the forecast period

The oilfield communications market is segmented on the basis of application into upstream, midstream, and downstream. As onshore sites need periodic inspections to obtain early detection of events that might cause pipeline failure or create hazardous conditions, it is important to protect those pipelines from leaks and corrosion to protect the environment as well as keep the public safe from the occurrence of any hazardous condition. This leads to the adoption of oilfield communications solutions for onshore field sites.

Among field site, the offshore segment to grow at a higher CAGR during the forecast period

The oilfield communications market is segmented on the basis of field site into onshore and offshore. With the global lockdown and work-from-home practice picking up as need of the hour, companies are moving to the cloud-based infrastructure for managing and monitoring customer data and analyzing the supply chain process. There will be continuous growth in the demand for offshore infrastructure services and spending on specialized software, communications equipment, and telecom services.

Among regions, Middle East and Africa (MEA) to grow at the highest CAGR during the forecast period

MEA has witnessed the advanced and dynamic adoption of new technologies and is expected to record the highest CAGR during the forecast period. The growth can be attributed to the increasing number of oil refineries and numerous exploration activities across the region.

The report includes the study of key players offering oilfield communications solutions and services. It profiles major vendors in the global oilfield communications market.

The major vendors in the global oilfield communications market are Huawei (China), Siemens (Germany), Hitachi ABB Power Grids (Switzerland), Speedcast (Australia), Weatherford (US), Ceragon (US), RigNet (US), Hughes (US), Redline Communications (Canada), MR Control Systems (Canada), Tait Communications (New Zealand), Honeywell (US), Intel (US), GE Digital (US), PTC (US), Commtel (India), MoStar Communications (US), DAMM Cellular Systems (Denmark), BlueJeans (US), Nesh (US), Sensia (US), Ondaka (US), Sensalytx (UK), and WellAware (US).

For more information about this report visit https://www.researchandmarkets.com/r/fxjs4m

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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After successful deployment with a Fortune 100 customer, ClearTrace to scale adoption of its financial technology and enhanced carbon accounting platform

AUSTIN, Texas--(BUSINESS WIRE)--ClearTrace, a software company that provides automated energy and carbon accounting for investors, enterprises, and real estate owners, announced today it has raised $4 million in Series A financing, led by Clean Energy Ventures, a venture capital firm focused on early-stage climate tech innovations. Brookfield Renewable Partners and Clean Energy Venture Group also participated in the round.

ClearTrace’s carbon accounting platform brings transparency to corporate carbon reduction by enabling auditable, around-the-clock monitoring of energy generation and consumption. ClearTrace creates verifiable digital records of energy usage and can track third party energy supply, financial power purchase agreements, demand response activities, and true multi-stakeholder management of behind-the-meter energy assets. ClearTrace uses best-in-class cloud technology to digitize the entire energy supply chain and deliver granular, high fidelity, real-time carbon impact data from energy-related activities.

“Companies of all sizes are seeking to reduce their carbon impact due to new regulations and increasingly intense advocacy from employees, customers and investors. Yet, a key challenge for these companies is the ability to truly verify, validate and account for their overall environmental and carbon footprint,” said Daniel Goldman, Managing Director and Co-founder at Clean Energy Ventures. “A high degree of accountability and reporting is essential as companies work to decarbonize to help solve the climate crisis. ClearTrace has built the premier, auditable carbon and energy reporting platform, and we’re eager to support its further growth to enable more companies to track and reduce their carbon footprint.”

ClearTrace has a growing customer base and is targeting multinational corporations, financial service companies, real estate holding companies and competitive energy suppliers who can use this technology to verify and prove the attributes of the energy they both generate and consume.

“ClearTrace is looking to fundamentally change how energy and environmental information is managed and to do away with the disparate, siloed and archaic incumbent processes that dominate the market. Our goal is to accelerate the decarbonization of human activity and increase the adoption of sustainable and renewable energy through a technology platform that is fully automated, immutable and verifiable,” said Lincoln Payton, CEO at ClearTrace. “We have built the energy data system for the future. No other platform today has created the full scope of energy and technology solutions that we provide, allowing leading global organizations like JPMorgan Chase and Brookfield Renewable to digitally track energy data from generation to consumption in a way that can be easily understood and audited by regulators, investors and other stakeholders.”

ClearTrace will use the funding to accelerate growth and deploy additional market-driven solutions to a broad base of enterprises and asset managers who require high-speed, digital data to meet their sustainability targets.

ClearTrace, formerly known as swytchX, recently undertook a rebrand to represent this new phase of growth and accelerate market adoption. Previous investors include the company’s founders and the Fund for Sustainability and Energy (Fund4SE), a Singapore-based sustainability investment fund.

About ClearTrace

ClearTrace is an energy, data and technology company streaming secure energy data to the world of energy management, ESG reporting, and corporate sustainability. ClearTrace’s digital assets represent the purest form of proof and immutability for the real world impact of energy generation. ClearTrace allows companies to stand behind their claims of carbon reductions, sustainability, and renewable energy to prevent greenwashing and provide a source of truth for corporate decarbonization. For more information, please visit cleartrace.io or contact This email address is being protected from spambots. You need JavaScript enabled to view it..

About Clean Energy Ventures

Clean Energy Ventures is a venture capital firm investing in early-stage advanced energy technologies and business model innovations that are ready to address global climate risks. The firm's principals – serial entrepreneurs and investors who have backed more than 30 companies – have been investing in, supporting, and mentoring early-stage climate tech startups together since 2005. Learn more at cleanenergyventures.com.

ClearTrace, Katie Ullmann Durham This email address is being protected from spambots. You need JavaScript enabled to view it.

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Successful remote go-live at TOTE’s Jacksonville terminal represents the first hosted deployment of Tideworks’ latest TOS solution

SEATTLE--(BUSINESS WIRE)--Tideworks Technology® Inc. (Tideworks), a full-service provider of comprehensive terminal operating system (TOS) solutions, today announced the go-live of its new marine solution, Mainsail 10 with TOTE, LLC (TOTE) at its Jacksonville terminal. The go-live is Tideworks’ first cloud-based deployment of Mainsail 10 and marks another successful remote implementation of its solutions. The company will continue offering remote deployments to provide terminal operators with next-generation TOS solutions that facilitate resurgence of the shipping industry during the COVID-19 pandemic.

Tideworks engineered Mainsail 10 to provide terminal operators with increased flexibility. The new TOS is a high performing management tool that supports seamless integrations with third-party systems, and the ability to scale to adapt to changing operational needs. The marine TOS provides rapid access to and management of real-time data to improve decision making and increase the flow of cargo through the terminal, while also reducing costs.

“The successful go-live of Mainsail 10 at TOTE Jacksonville is an exciting milestone,” said Thomas Rucker, president of Tideworks. “We recognize the importance of TOTE providing its terminals with a flexible, intelligent TOS that will help accelerate growth and productivity at Jacksonville, while also increasing collaboration across the shipping industry.”

TOTE Jacksonville is the first TOTE terminal to deploy Mainsail 10. The TOS is being hosted and supported in the Tideworks Cloud. Tideworks’ integration of Mainsail 10 at the Jacksonville terminal replaced Mainsail Vanguard that TOTE implemented in late 2015. The Jacksonville terminal is also utilizing Tideworks Spinnaker Planning Management System® and Traffic Control™.

TOTE has deployed a variety of Tideworks’ highly configurable and customizable solutions, which allow TOTE terminals to quickly tailor interfaces as needed and integrate the new Mainsail 10 TOS with its existing systems. Based on the success of Mainsail 10, TOTE has begun steps to roll out the new TOS at other terminal locations.

Tideworks provided implementation services for the go-live at Jacksonville on a fully remote basis. This included project management, software configuration and installation, integration services, user training and go-live assistance. Tideworks will continue to offer TOTE ongoing maintenance and support services, which include 24/7 technical support and software upgrades.

Mainsail 10 went live at TOTE Jacksonville in September 2020. TOTE plans to go-live with Mainsail 10 at its terminal in Tacoma, Washington in 2021 and its terminal in Anchorage, Alaska in 2022.

About TOTE

TOTE, LLC’s family of companies includes leading transportation and logistics companies. TOTE Maritime Alaska, LLC and TOTE Maritime Puerto Rico, LLC bring unmatched reliability and service to their respective markets. TOTE Services, LLC offers crewing and technical services to meet the needs of commercial, privately owned and U.S. Government vessels. TOTE, LLC is part of the Saltchuk portfolio of companies. www.toteinc.com.

About Tideworks Technology

Tideworks is a full-service provider of comprehensive terminal operating system solutions for growing marine and intermodal terminal operations worldwide. The company helps more than 120 facilities run their operations more efficiently and profitably. From optimized equipment utilization to faster turn times, Tideworks works at every step of terminal operations to maximize productivity and customer service. For more information about Tideworks Technology, a Carrix solution, visit www.tideworks.com.

AnnMarie Carson
Communiqué PR for Tideworks Technology
206-282-4923 x119
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DUBLIN--(BUSINESS WIRE)--The "Refining Industry Outlook in Africa to 2024 - Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Refineries" report has been added to ResearchAndMarkets.com's offering.

The total refining capacity of Africa in 2019 was 3,712 mbd. The refining capacity in Africa increased from 3,498 thousand barrels of oil per day (mbd) in 2014 to 3,712 mbd in 2019 at an AAGR of 1.2 percent. It is expected to increase from 3,712 mbd in 2019 to 5,766 mbd in 2024 at an AAGR of 8.8 percent. Egypt, Algeria, South Africa, Nigeria, and Libya are the key countries in Africa accounting for over 78.3 percent of the total refining capacity of the region in 2019.

Scope

• Updated information on all active and planned refineries in Africa
• Provides key details such as refinery name, operator name, refinery type, and CDU, condensate splitter, coking, catalytic cracker, and hydrocracking capacities by refinery and country from 2014 to 2024, wherever available
• Provides historical data from 2014 to 2019, outlook up to 2024
• Provides new-build and expansion capital expenditure outlook at the regional level by year and by key countries till 2024
• Recent developments and contracts related to refineries across in the country, wherever available

Reasons to Buy

• Obtain the most up to date information available on active and planned refineries in Africa
• Identify growth segments and opportunities in the region's refining industry
• Facilitate decision making based on strong historic and outlook of refinery capacity data
• Assess key refinery data of your competitors

Key Topics Covered:

1. Introduction

2. Africa Refining Industry

2.1. Africa Refining Industry, Overview of Active Refineries Data

2.2. Africa Refining Industry, Total Refining Capacity

2.3. Africa Refining Industry, Overview of New-Build and Expansion Projects

2.4. Africa Refining Industry, New-Build and Expansion Projects

2.5. Africa Refining Industry, New Units and Capacity Expansions by Key Countries

3. Refining Industry in Egypt

3.1. Refining Industry in Egypt, Crude Distillation Unit Capacity, 2014-2024

3.2. Refining Industry in Egypt, Coking Unit Capacity, 2014-2024

3.3. Refining Industry in Egypt, Catalytic Cracker Unit Capacity, 2014-2024

3.4. Refining Industry in Egypt, Hydrocracking Unit Capacity, 2014-2024

3.5. Recent Developments

3.6. Recent Contracts

4. Refining Industry in Algeria

4.1. Refining Industry in Algeria, Crude Distillation Unit Capacity, 2014-2024

4.2. Refining Industry in Algeria, Condensate Splitter Unit Capacity, 2014-2024

4.3. Refining Industry in Algeria, Catalytic Cracker Unit Capacity, 2014-2024

4.4. Refining Industry in Algeria, Hydrocracking Unit Capacity, 2014-2024

4.5. Recent Developments

4.6. Recent Contracts

5. Refining Industry in South Africa

6. Refining Industry in Nigeria

7. Refining Industry in Libya

8. Refining Industry in Morocco

9. Refining Industry in Sudan

10. Refining Industry in Cote d'Ivoire

11. Refining Industry in Angola

12. Refining Industry in Cameroon

13. Refining Industry in Ghana

14. Refining Industry in Djibouti

15. Refining Industry in Tunisia

16. Refining Industry in Senegal

17. Refining Industry in Gabon

18. Refining Industry in the Congo Republic

19. Refining Industry in Equatorial Guinea

20. Refining Industry in Niger

21. Refining Industry in Chad

22. Refining Industry in Zimbabwe

23. Refining Industry in South Sudan

24. Appendix

For more information about this report visit https://www.researchandmarkets.com/r/c6ol1r

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Thermic Fluids - 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 196-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 Thermic Fluids Market to Reach $4.1 Billion by 2027

Amid the COVID-19 crisis, the global market for Thermic Fluids estimated at US$2.9 Billion in the year 2020, is projected to reach a revised size of US$4.1 Billion by 2027, growing at a CAGR of 5.1% over the analysis period 2020-2027.

Silicone and Aromatic Based Thermic Fluid, one of the segments analyzed in the report, is projected to record a 4.5% CAGR and reach US$1.9 Billion 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 Mineral Oils Based Thermic Fluid segment is readjusted to a revised 5.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $852.4 Million, While China is Forecast to Grow at 4.8% CAGR

The Thermic Fluids market in the U.S. is estimated at US$852.4 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$723.7 Million by the year 2027 trailing a CAGR of 4.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.8% and 4.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.

Glycol (Ethylene and Propylene) Based Thermic Fluid) Segment to Record 5.9% CAGR

In the global Glycol(Ethylene and Propylene) Based Thermic Fluid) segment, USA, Canada, Japan, China and Europe will drive the 5.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$580.4 Million in the year 2020 will reach a projected size of US$869.5 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$470.7 Million by the year 2027.

Competitors identified in this market include, among others:

• BASF SE
• BP PLC
• DowDuPont, Inc.
• Dynalene, Inc.
• Exxon Mobil Corporation
• Hindustan Petroleum Corporation Limited
• KOST USA, Inc.
• Multitherm LLC
• Paratherm
• Royal Dutch Shell PLC
• Solutia, Inc.
• Thermic Fluids Pvt. Ltd. - Chimanlal Maganlal & Co.
• Tulstar Products Inc.

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Global Competitor Market Shares
• Thermic Fluids Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

• Total Companies Profiled: 52

For more information about this report visit https://www.researchandmarkets.com/r/ogg4w2

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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MADRID & LONDON--(BUSINESS WIRE)--I Squared Capital, a leading global infrastructure investment manager, announces that it has entered into an agreement to sell Grupo T-Solar to Cubico Sustainable Investments Ltd, the renewable energy specialist jointly owned by Ontario Teachers’ Pension Plan and PSP Investments, for a total enterprise value of €1.5 billion.

“Our objective during our stewardship of T- Solar was to improve operations, grow the platform and establish T-Solar as a leader in renewables energy in Spain. We will continue to invest globally in renewables generation as well as transition energy in both industrial and growth economies,” said Sadek Wahba, Chairman of Grupo T-Solar and Managing Partner of I Squared Capital.

A leading European renewables platform, Grupo T-Solar has 274 megawatts of installed and regulated capacity in Spain and Italy with growth prospects underpinned by a 1.4-gigawatt pipeline of solar photovoltaic projects.

Marta Martinez Queimadelos, CEO of T-Solar stated that, “Under I Squared Capital’s ownership, Grupo T-Solar grew from 168 to 274 megawatts of installed capacity in Europe, and recently completed one of the largest financings in the Spanish renewable energy market of €568 million through a landmark green bond issue.”

Last year alone, Grupo T-Solar’s projects generated over 602 gigawatt-hours of clean electricity and avoiding over 216,000 tons of CO₂ emissions.

Mohamed El Gazzar, Partner of I Squared Capital in London stated, “To date we have invested in approximately 600 megawatts of operating renewable assets and have a pipeline of close to 3 gigawatts of various technologies including onshore and offshore wind, solar, storage, and anerobic digestion. We are also focusing on improving the energy efficiency of our assets across the sectors we invest in and providing solutions for security of power, which is critical in addressing the intermittent nature of renewable generation.”

About I Squared Capital:

I Squared Capital is an independent global infrastructure investment manager focusing on energy, utilities, digital infrastructure, transport and social infrastructure in the Americas, Europe and Asia. The firm has offices in Miami, Hong Kong, London, New Delhi, New York, and Singapore. The firm has $19.3 billion in assets under management and owns and operates a diverse portfolio of 26 companies. For more information, please visit: http://www.isquaredcapital.com/

Media contacts
Spanish media:
Brunswick Group LLP for I Squared Capital
Pilar Teixeira
+44 207 404 5959

Maria Mier Portillo
+44 207 404 5959

International and trade media:
Brunswick Group LLP for I Squared Capital
Fiona Micallef-Eynaud / Ed Brown / Inez Vilar
+44 207 404 5959
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I Squared Capital Investor Relations
Andreas Moon, Managing Director
+1 (786) 693-5739

SAN ANTONIO--(BUSINESS WIRE)--Valero Energy Corporation (NYSE:VLO) (“Valero”) today announced that it will host a conference call on January 28, 2021 at 10:00 a.m. ET to discuss 2020 fourth quarter and full year earnings results, which will be released earlier that day, and provide an update on company operations.

Persons interested in listening to the presentation live via the internet may log on to Valero’s Investor Relations website at www.investorvalero.com.

About Valero

Valero Energy Corporation, through its subsidiaries (collectively, “Valero”), is an international manufacturer and marketer of transportation fuels and petrochemical products. Valero is a Fortune 50 company based in San Antonio, Texas, and it operates 15 petroleum refineries with a combined throughput capacity of approximately 3.2 million barrels per day and 14 ethanol plants with a combined production capacity of approximately 1.73 billion gallons per year. The petroleum refineries are located in the United States (U.S.), Canada and the United Kingdom (U.K.), and the ethanol plants are located in the Mid-Continent region of the U.S. Valero also is a joint venture partner in Diamond Green Diesel, which operates a renewable diesel plant in Norco, Louisiana. Diamond Green Diesel is North America’s largest biomass-based diesel plant. Valero sells its products in the wholesale rack or bulk markets in the U.S., Canada, the U.K., Ireland and Latin America. Approximately 7,000 outlets carry Valero’s brand names. Please visit www.investorvalero.com for more information.

Valero Contacts
Investors:
Homer Bhullar, Vice President – Investor Relations, 210-345-1982
Eric Herbort, Senior Manager – Investor Relations, 210-345-3331
Gautam Srivastava, Manager – Investor Relations, 210-345-3992

Media:
Lillian Riojas, Executive Director – Media Relations and Communications, 210-345-5002

LEAWOOD, Kan.--(BUSINESS WIRE)--Tallgrass Energy Partners, LP (“TEP”) announced today that, subject to market conditions, it, along with Tallgrass Energy Finance Corp., a subsidiary of TEP, intend to offer $500 million aggregate principal amount of senior unsecured notes due 2030 in a private placement to eligible purchasers (the “Notes Offering”).

TEP intends to use the net proceeds of the Notes Offering, together with borrowings under its existing senior secured revolving credit facility, to fund a concurrent cash tender offer (the “Tender Offer”) to purchase any and all of its outstanding 4.75% Senior Notes due 2023 (the “2023 Notes”), and to redeem any 2023 Notes outstanding after completion of the Tender Offer. The Tender Offer is being made pursuant to an Offer to Purchase dated December 15, 2020.

The securities to be offered have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws. Unless so registered, the securities may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. TEP plans to offer and sell the securities only to qualified institutional buyers pursuant to Rule 144A under the Securities Act and to non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act.

About Tallgrass Energy

Tallgrass Energy is a leading energy and infrastructure company operating across 11 states with transportation, storage, terminal, water, gathering and processing assets that serve some of the nation’s most prolific crude oil and natural gas basins.

Investor and Financial Inquiries
Andrea Attel, (913) 928-6012
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or
Media and Trade Inquiries
Phyllis Hammond, (303) 763-3568
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LIVONIA, Mich.--(BUSINESS WIRE)--Customer engagement with the nation’s largest 140 electric, combination and natural gas utilities has reached a new high thanks to effective utility responses to challenges posed by the pandemic and economy. Escalent’s ECR (engaged customer relationship) index, a comprehensive customer relationship measurement used by utility management to assess customer engagement, increased 15 points this year to 728 (on a 1,000-point benchmark scale) as a result of strengthened brand perceptions and increased product engagement. Forty-two utilities performed above their peers to earn the title of Escalent 2020 Utility Customer Champions. These results are from the 2020 Cogent Syndicated Utility Trusted Brand & Customer Engagement™: Residential study by Escalent, a top human behavior and analytics firm.

Customers, Wall Street and regulators have all made it clear that the future success of a utility depends on engagement beyond the meter. Three in four (76%) customers now state their ideal utility should excel in the areas of Environment, Social and Governance (ESG), all categories that align with the ECR index’s Brand Trust component. Customers also report increased product engagement with high use of energy consumption management offerings (64% across 13 offerings) and interest in renewable energy and electric vehicle-related products (74% across seven offerings).

“Engaging customers beyond simply satisfying service needs is now a utility reality to ensure future success. Scoring well on the ECR index is critical to growing company value and stakeholder support,” said Chris Oberle, senior vice president at Escalent. “Utilities have confronted a very tough year by building customer support for their environmental, social, product and management efforts. Our 2020 Customer Champions are leading the pack on these ESG principles.”

Escalent congratulates the following utilities as 2020 Customer Champions. These utilities have scored above their peers on the ECR index, a 360-degree measurement of the utility customer relationship through performance on factors that impact Brand Trust, Product Experience and Service Satisfaction.

The following are ECR scores for the 140 utilities covered in the study.

About Utility Trusted Brand & Customer Engagement™: Residential

Escalent conducted surveys among 73,170 residential electric, natural gas and combination utility customers of the 140 largest US utility companies (based on residential customer counts). The sample design uses a combination of quotas and weighting based on US census data to ensure a demographically balanced sample of each evaluated utility’s customers based on age, gender, income, race and ethnicity. Utilities within the same region and of the same type (e.g., electric-only providers) are given equal weight to balance the influence of each utility’s customers on survey results. Escalent will supply the exact wording of any survey question upon request.

About Escalent

Escalent is a top human behavior and analytics firm specializing in industries facing disruption and business transformation. As catalysts of progress for more than 40 years, we tell stories that transform data and insight into a profound understanding of what drives human beings. And we help businesses turn those drivers into actions that build brands, enhance customer experiences and inspire product innovation. Visit escalent.co to see how we are helping shape the brands that are reshaping the world.

Sarah Keller, 734.779.6847
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• Company continues to demonstrate industry leadership through its strong ESG performance across several key rankings
• ESG Analyst Event scheduled for Jan. 19, 2021

TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) was recognized by CDP with a ‘B’ score for its commitment to transparency and governance around climate change, ranking above the sector (oil and gas storage and transportation) average of ‘C’ and exceeding the North American regional average of ‘D’. Williams’ score signifies the company is taking coordinated action on climate change.

"As the first North American midstream company to set aggressive and actionable climate targets, Williams is committed to addressing climate change in a pragmatic and economically feasible manner across our operations, and we hold ourselves accountable through transparent interactions with customers, employees and shareholders," said Alan Armstrong, president and chief executive officer. "This recognition from CDP demonstrates that Williams is on the right track to successfully sustain and evolve our natural gas-focused business to reduce emissions and build a clean energy economy while delivering long-term value to stakeholders.”

CDP's annual disclosure and scoring process is a widely recognized measure of strong corporate environmental transparency and performance. This is the first year Williams participated in the full disclosure and scoring process through the CDP climate change questionnaire.

Williams’ focus on sustainable performance is recognized in other key rankings for 2020, including:

• Dow Jones Sustainability Index: Williams ranked in the top 7% in the oil and gas storage and transportation industry and peer group and was added to the Dow Jones North America Sustainable Index for the first time this year.
• Sustainalytics: Williams ranked in the top 5% in the Refiners and Pipelines industry group, reflecting strong management of material Environmental, Social and Governance (ESG) issues.
• MSCI: Williams maintained a BB rating, illustrating its ongoing emphasis on ESG developments.

Williams continues to take an active industry role in demonstrating real and sustainable achievements in ESG reporting by co-leading an initiative though the Energy Infrastructure Council (EIC) to launch the first-ever Midstream Company ESG Reporting Template that allows midstream energy infrastructure companies to present their sustainability metrics that matter most to investors in a transparent and comparable way.

ESG Analyst Event scheduled for Jan. 19

Williams will host a virtual ESG event on Tuesday, Jan. 19, 2020, from 9 a.m. to 11:30 a.m. CT, to discuss its ESG performance, climate commitment and forward-looking strategy for sustainable operations. Additional information on this event will be shared in early January.

To read the company’s 2019 Sustainability Report, visit https://www.williams.com/sustainability/climate-commitment/.

To learn more about Williams’ climate commitment visit https://www.williams.com/climate-commitment/.

About Williams

Williams (NYSE: WMB) is committed to being the leader in providing infrastructure that safely delivers natural gas products to reliably fuel the clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation and storage of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. Williams owns and operates more than 30,000 miles of pipelines system wide – including Transco, the nation’s largest volume and fastest growing pipeline – and handles approximately 30 percent of the natural gas in the United States that is used every day for clean-power generation, heating and industrial use.

MEDIA:
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(800) 945-8723

INVESTOR CONTACT:
Danilo Juvane
(918) 573-5075

CARY, N.C.--(BUSINESS WIRE)--MercuryGate® International, Inc., (MercuryGate) the largest and rapidly growing independent SaaS transportation management system (TMS) provider, today announced the expansion of its digital freight matching (DFM) capability with the creation and integration of an automated freight matching network.

MercuryGate’s digital freight network (DFN) produces visibility to capacity with guaranteed rates in a seamless, automated process equipping customers with extensive options for finding capacity at competitive rates to keep products moving and trucks full. The DFM solution uses embedded analytics that delivers the critical information and insight needed to make the right decision based on MercuryGate’s extensive $65 billion freight network. The network also helps capacity providers match their empty equipment with immediate demand to remove unnecessary empty miles throughout the transportation network.

“We live in a data-driven world and tapping into the power of analytics isn’t an option, it’s a necessity,” said MercuryGate President & CEO Joe Juliano. “Connecting the right loads with the right carriers and providing a guaranteed rate in real time requires more than a rolodex, it requires unprecedented speed and insight to analyze enormous amounts of information and automatically produce realistic and executable load plans while responding to disruptions in the supply chain. Adding digital freight capabilities automates what was typically a tedious manual process into available capacity from the first to the last mile.”

DFM offers an additional source to shippers seeking to fill capacity while closing the loop for 3PL’s, Carriers and Brokers to simplify the freight brokerage process; even for large shippers with private fleets seeking to sell empty miles. MercuryGate’s digital freight matching service is the world’s largest, creating a network of unlimited capacity to support the company’s shipping customers’ needs and providing its 3PL, Carrier and Broker networks an opportunity to sell more loads autonomously on an extended marketplace.

As reported by Gartner, “many new digital freight models have entered the market. The digitized freight network is the most common freight model for road transportation. These DFNs provide an alternative to traditional brokers, load boards and the spot market, which remain time-consuming and collect information from carriers and shippers, but don’t support true collaboration. These digitized freight networks can help companies that are looking for real-time available capacity or looking to reduce transportation costs during the current crisis as well as during future challenging times.”

According to the Gartner, “As the transportation industry continues to be in flux, companies are searching for additional freight resources via technology”. The report continues to say that, “Gartner is seeing that the current market dynamics in transportation are increasing the urgency for digital optimization and transformation in many supply chains. This trend is being seen across the supply chain — transportation and freight brokerage included. There is a need in the market to automate and digitize to make interactions and business easier for shippers and transportation providers alike.” *

As the industry heads into the historically capacity-constrained holiday season, coupled with ongoing pandemic constrictions and disruptions, the availability of a digital freight matching network is an added advantage for MercuryGate customers.

“MercuryGate’s focus to deliver more value to customers is our number one goal,” said Juliano. “Leveraging machine learning and data analytics to get logistics right and reduce idle capacity, increase driver income and decrease freight costs for shippers and transporters underscores the complementary benefit of DFM for all modes of transportation. At a time when disruptions to transportation have resulted in record tender rejections, shippers need a way to find the capacity they need to keep their goods flowing. MercuryGate delivers on that added need and value.”

For more information on MercuryGate’s Digital Freight Network, please contact: This email address is being protected from spambots. You need JavaScript enabled to view it.

*Gartner, “Market Guide for Digital Freight Models for Road Transportation,” Bart De Muynck, Carly West, 22 October 2020.

About MercuryGate

MercuryGate provides powerful transportation management solutions proven to be a competitive advantage for today’s most successful shippers, 3PLs, freight forwarders, brokers, and carriers. MercuryGate’s solutions are unique in their native support of all modes of transportation on a single platform including Parcel, LTL, Truckload, Air, Ocean, Rail, and Intermodal. Through the continued release of innovative, results-driven technology and a commitment to making customers successful, MercuryGate delivers exceptional value for TMS users through improved productivity and operational efficiency. MercuryGate offers business intelligence to improve transportation processes, increase customer satisfaction, and reduce costs. Find out why MercuryGate has set the industry standard for the most adaptable, comprehensive transportation solutions suite in the industry at: https://mercurygate.com or on Twitter at @MercuryGate.

MercuryGate Media Contact:
Michelle Perkins
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NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (the “Company”) announced today that it intends to offer $250 million aggregate principal amount of additional 6.750% senior secured notes due 2025 (the “Additional Notes”) in a private offering, subject to market conditions. There are $1,000.0 million 6.750% senior secured notes due 2025 outstanding as of the date hereof. If consummated, the Company intends to use the net proceeds from the offering of the Additional Notes for general corporate purposes.

The Additional Notes and the guarantees thereof will be offered in the United States to qualified institutional buyers under Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to persons outside of the United States under Regulation S under the Securities Act. The Additional Notes and the guarantees thereof will not be registered under the Securities Act or any state securities laws, and, unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About New Fortress Energy Inc.

New Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to help accelerate the world’s transition to clean energy. The company funds, builds and operates natural gas infrastructure and logistics to rapidly deliver fully integrated, turnkey energy solutions that enable economic growth, enhance environmental stewardship and transform local industries and communities.

Cautionary Language Regarding Forward-Looking Statements

This press release contains forward-looking statements, including but not limited to statements regarding the consummation of the offering or the Company’s anticipated use of the net proceeds from the offering. All statements contained in this press release other than historical information are forward-looking statements that involve known and unknown risks and relate to future events, our future financial performance or our projected business results. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “projects,” “targets,” “potential” or “continue” or the negative of these terms or other comparable terminology. Such forward-looking statements are necessarily estimates based upon current information and involve a number of risks and uncertainties. Actual events or results may differ materially from the results anticipated in these forward-looking statements as a result of a variety of factors.

All forward-looking statements speak only as of the date on which it is made. When considering forward-looking statements, you should keep in mind the risk factors and other cautionary statements included in our annual, quarterly and other reports we file with the SEC. We undertake no duty to update these forward-looking statements, even though our situation may change in the future. Furthermore, we cannot guarantee future results, events, levels of activity, performance, projections or achievements.

IR:
Alan Andreini
(212) 798-6128
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Joshua Kane
(516) 268-7455
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Media:
Jake Suski
(516) 268-7403
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• Stakeholder’s natural gas and crude oil systems serve producers working in the San Andres formation in West Texas and Southeast New Mexico

SAN ANTONIO--(BUSINESS WIRE)--#midstream--Stakeholder Midstream, LLC, (“Stakeholder”) announced today it has acquired gas gathering and processing assets from Santa Fe Midstream, LLC (“Santa Fe”). Located in Yoakum County, Texas, the assets include Santa Fe’s 30-30 Gas Treating and Processing Plant, low-pressure gas gathering pipelines, downstream residue and NGL lines, and a long-term acreage dedication from an established San Andres oil and gas producer. The Santa Fe System will complement Stakeholder’s existing Campo Viejo Processing Plant and gathering system currently serving San Andres producers on the Northwest Shelf of the Permian Basin. The acquisition brings the combined systems’ gas processing capacity to approximately 85 million cubic feet per day, total gathering pipeline mileage to approximately 450 miles and total acreage dedications to the combined gas systems to greater than 200,000 acres (system map here).

“We entered the San Andres play in 2016 due to the unique blend of production stability and growth potential, and that thesis has been validated by our customers’ performance,” said Stakeholder Co-CEO Robert Liddell. “Despite a challenging commodity environment in 2020, our system volumes continued to grow year over year and we expect that trend to continue. This consolidation enhances Stakeholder’s capabilities to provide even better service to our customers.”

The Santa Fe acquisition follows Stakeholder’s August 2020 purchase and integration of a crude gathering system owned collectively by Walsh Petroleum, Inc. and Burk Royalty Co., Ltd. The August acquisition brings pipeline mileage on the crude oil gathering system to approximately 150 miles and acreage dedications to the crude system to approximately 150,000 acres. The San Andres Crude Gathering System includes 60,000 barrels of storage and is connected to Phillips 66, Plains All American and the Centurion Pipeline System (system map here).

Hunton Andrews Kurth LLP served as legal counsel to Stakeholder with partners Parker Lee and Taylor Landry in the lead roles from the firm’s New York and Houston offices, respectively. Kirkland & Ellis LLP served as legal counsel to Santa Fe. Partners Kevin Crews and Thomas Laughlin led the Kirkland & Ellis team from the firm’s Dallas office.

About Stakeholder Midstream, LLC

Based in San Antonio and founded in 2015, Stakeholder Midstream is an independent midstream company serving oil and gas producers operating in unconventional shale plays throughout North America. Stakeholder’s long-term vision of success is built on fostering strong, long-term relationships with all constituents. Stakeholder cultivates these relationships based on trust, accountability and fairness to ensure that all stakeholders are heard, valued and served. Capabilities include in-field natural gas gathering, compression, treating and processing services; innovative NGL solutions; and crude oil gathering, transportation, and storage. Stakeholder is backed by growth capital commitments from EnCap Flatrock Midstream. www.stakeholdermidstream.com

About EnCap Flatrock Midstream

EnCap Flatrock Midstream provides value-added growth capital to proven management teams focused on midstream infrastructure opportunities across North America. The firm was formed in 2008 by a partnership between EnCap Investments L.P. and Flatrock Energy Advisors, LLC. Based in San Antonio with offices in Oklahoma City and Houston, the firm manages investment commitments of nearly $9 billion from a broad group of prestigious institutional investors. EnCap Flatrock Midstream is currently making commitments to management teams from EFM Fund IV, a $3.25 billion fund. For more information, please visit www.efmidstream.com.

Casey Nikoloric
TEN|10 Group, LLC
303.433.4397, x101 o
303.507.0510 m
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