DUBLIN--(BUSINESS WIRE)--The "Hydrogen - Thematic Research" report has been added to ResearchAndMarkets.com's offering.
Hydrogen remains the most abundantly available and commonly known element in the universe and it will become a game changer by being the source of cleaner power (zero-emission fuel) on a massive scale. Hydrogen is light, storable, energy-heavy, and does not produce direct carbon emissions or greenhouse gases (GHG).
Sectors such as soil refining, ammonia production, methanol production and steel production use hydrogen extensively. Hydrogen will likely play a crucial role in clean energy transition with increase in its use in sectors such as transportation, buildings and power generation. Interest in the use of hydrogen technology is increasing in a range of niche transport market segments, besides other applications. In the short to medium term, hydrogen technology could be used to replace compressed natural gas (CNG) in some areas with minor changes to the existing infrastructure.
Countries worldwide strive to accelerate the development and use of hydrogen technology to tackle environmental concerns and enhance energy security. Hydrogen technology has the capability to serve as a long-term, large-scale clean energy storage medium that aids power generation from renewable sources. However, formulating a cost-effective and well-regulated transition is a complex issue, and the cost of producing hydrogen from renewable energy sources is currently expensive.
Scope
Reasons to Buy
Key Topics Covered:
1. PLAYERS
2. TRENDS
3. VALUE CHAIN
4. INDUSTRY ANALYSIS
5. COMPANIES SECTION
6. APPENDIX: THEMATIC RESEARCH METHODOLOGY
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/nvecef
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
MIDLAND, Texas--(BUSINESS WIRE)--Concho Resources Inc. (NYSE: CXO) today announced that the Company will participate in the following virtual investor conferences:
Conference Date |
Conference |
Presentation Time |
September 3, 2020 |
Simmons Energy Gleneagles Conference |
1:30 PM CT |
September 8, 2020 |
Barclays CEO Energy-Power Conference |
1:25 PM CT |
The Company’s presentation for the Simmons conference will be available on the Company’s website after market close on September 1, 2020, and the Company’s presentation for the Barclays conference will be available on the Company’s website before market open on September 8, 2020. Additionally, a link to the webcast presentation for the Barclays conference will be accessible on the “Events & Presentations” page under the “Investors” section of the Company’s website at www.concho.com. The webcast will be archived and available at the same location after the conclusion of the live event.
Concho Resources Inc.
Concho Resources (NYSE: CXO) is one of the largest unconventional shale producers in the Permian Basin, with operations focused on safely and efficiently developing and producing oil and natural gas resources. We are working today to deliver a better tomorrow for our shareholders, people and communities. For more information about Concho, visit www.concho.com.
INVESTOR RELATIONS
Megan P. Hays
Vice President of Investor Relations & Public Affairs
432.685.2533
MEDIA
Mary T. Starnes
Manager of Public Affairs & Corporate Responsibility Strategy
432.221.0477
HOUSTON--(BUSINESS WIRE)--#analytical--Jones Industrial Holdings, Inc. (“JIH”), the parent company of Universal Plant Services and its affiliates (“UPS” or the Company), announced today that funds managed by Oaktree Capital Management, LP (“Oaktree”), a leader among global investment managers, have completed a non-controlling investment in JIH. The proceeds were used to purchase a minority investment previously held by MML Capital Partners and to provide the Company with capital for further growth. Additional terms of the transaction were not disclosed.
Bradley Jones, Co-Chief Executive Officer of JIH, said, “Our new partnership with Oaktree not only strengthens our financial position for future growth strategies, but also enhances the leadership and expertise of our existing team, ultimately enhancing the value we bring to our current and future customers.”
UPS’s mission is to provide world-class integrated specialty services designed to maximize the performance of critical energy assets. The Company serves owners of various types of energy infrastructure through eleven service offerings, providing maintenance, repair and installation services for rotating, fixed, reciprocating and electrical equipment. The Company will continue to acquire, integrate and enhance client operations across the spectrum of its specialty services.
“The UPS team is known for its agility and commitment to grow the Company in ways that are important to our customers, especially as markets evolve,” said Reagan Busbee, President and Chief Operating Officer of UPS. “Our partnership with Oaktree exemplifies our relentless pursuit to strengthen UPS across our management platform for financial, operational and procedural excellence, thus furthering our ability to cultivate our internal team and provide best-in-class services to our clients,” said Busbee.
Michael Cardito, Managing Director and Co-Portfolio Manager of Oaktree's Power Opportunities strategy, said, “UPS has a proven track record of smart, strategic growth aimed at enhancing its offerings to customers. We’ve known the UPS team for more than a decade, and we’re thrilled to partner with the Company at this exciting point in its history. We’ll bring to bear our capital, industry relationships and complementary portfolio companies to actively support UPS in its continued expansion.”
“UPS is grateful to MML Capital Partners who has been a trusted partner since 2016 and supported our management team over the past four years,” said Stewart Jones, Co-Chief Executive Officer of Jones Industrial Holdings.
Mark Evers, a Partner at MML Capital Partners, said, “UPS is an impressive industrial services platform that has grown significantly in recent years. It has been our pleasure to work with the senior leadership team and the Board. We wish them continued success in the years ahead.”
About Universal Plant Services
Universal Plant Services, a Jones Industrial Holdings company, is one of North America’s largest comprehensive specialty service providers for the energy industry — providing maintenance, repair and installation services for rotating, fixed, reciprocating and electrical equipment. With headquarters in Houston, Texas, UPS employs 3,000 highly trained individuals with 16 full-service facilities that specialize in daily maintenance, turnarounds and capital projects. For more information, please visit universalplant.com.
About Jones Industrial Holdings
Jones Industrial Holdings, headquartered in Houston, Texas, is a privately held holding company for Universal Plant Services and its affiliates. UPS is one of the largest specialty service providers for rotating and fixed equipment to the refining, petrochemical, power generation and offshore industries in the United States. For more information, please visit jonesindustrial.com.
About Oaktree
Oaktree is a leader among global investment managers specializing in alternative investments with $122 billion in assets under management as of June 30, 2020. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in credit, private equity, real assets and listed equities. The firm has over 1,000 employees and offices in 19 cities worldwide. For additional information, please visit Oaktree's website at oaktreecapital.com.
About MML Capital Partners
Since 1988, MML Capital Partners has invested more than $2 billion through its affiliated funds in more than 100 companies in the United States, United Kingdom and Europe. During this time, we have worked as an active financial partner to grow middle market businesses through organic expansion, add-on acquisitions and other strategic initiatives. Our focus is to back leading management teams who own a meaningful equity stake and seek a key financial partner to take their business to the next stage of evolution. For additional information, please visit mmlcapital.com
Paul Stouffer
Vice President of Corporate Development
Universal Plant Services
832.540.2468
TULSA, Okla.--(BUSINESS WIRE)--Helmerich & Payne, Inc. (NYSE: HP) today announced that John Lindsay, President and CEO, Mark Smith, Senior Vice President and CFO, Dave Wilson, Director of Investor Relations, and other members of H&P management plan to participate in the following investor conferences during the month of September 2020. Participation by the management team will vary by event.
Investor slides to be used during the conferences will be available for download on the Company’s website, within Investors, under Presentations, the afternoon of September 1, 2020.
About Helmerich & Payne, Inc.:
Founded in 1920, Helmerich & Payne, Inc. (H&P) (NYSE: HP) is committed to delivering industry leading drilling productivity and reliability. H&P operates with the highest level of integrity, safety and innovation to deliver superior results for our customers and returns for shareholders. Through its subsidiaries, the Company designs, fabricates and operates high-performance drilling rigs in conventional and unconventional plays around the world. H&P also develops and implements advanced automation, directional drilling and survey management technologies. For more information, visit www.hpinc.com.
We use our Investor Relations website as a channel of distribution for material company information. Such information is routinely posted and accessible on our Investor Relations website at www.hpinc.com.
IR Contact:
Dave Wilson, Director of Investor Relations
918-588-5190
This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Hydraulic Oils, Transmission Fluids and Other Functional Fluids Market, Size, Share, Outlook and COVID-19 Strategies, Global Forecasts from 2019 to 2026" report has been added to ResearchAndMarkets.com's offering.
This report presents the emerging market trends, factors driving the Hydraulic Oils, Transmission Fluids and Other Functional Fluids market growth, and potential opportunities over the forecast period. The trends underpinning the profitability of Hydraulic Oils, Transmission Fluids and Other Functional Fluids companies are shifting rapidly, forcing companies to carefully align their strengths in synchronization with Hydraulic Oils, Transmission Fluids and Other Functional Fluids industry trends.
To avoid getting left behind in an intensive competitive Hydraulic Oils, Transmission Fluids and Other Functional Fluids market, global companies need a new approach to ensure they create value in this environment. Amid increasing activities of M&A and growing activist-investor activity, Hydraulic Oils, Transmission Fluids and Other Functional Fluids companies must strengthen their capabilities to maintain their market shares in the Hydraulic Oils, Transmission Fluids and Other Functional Fluids industry.
To assist Hydraulic Oils, Transmission Fluids and Other Functional Fluids manufacturers and vendors to formulate their strategies and analyze their business in the global front, the publisher has published its 2020 series of Hydraulic Oils, Transmission Fluids and Other Functional Fluids market size, share, opportunities, and outlook to 2026. The report explores changing Hydraulic Oils, Transmission Fluids and Other Functional Fluids market landscape, capital markets, strategies, mergers & acquisitions in the global and country-level markets.
The report presents an introduction to the Hydraulic Oils, Transmission Fluids and Other Functional Fluids market in 2020, analyzing the COVID-19 impact both quantitatively and qualitatively. It presents the strategies being adopted by leading Hydraulic Oils, Transmission Fluids and Other Functional Fluids companies, emerging market trends, Hydraulic Oils, Transmission Fluids and Other Functional Fluids market drivers, challenges, and potential opportunities to 2026. The market attractiveness index is also included to assess the impact of suppliers, buyers, competitive landscape, new entrants, and substitutes on the Hydraulic Oils, Transmission Fluids and Other Functional Fluids market.
Companies Mentioned
Report Guide
General Scope
Key Topics Covered:
1 Table of Contents
2 Executive Summary
2.1 Market Panorama, 2020
2.2 Hydraulic Oils, Transmission Fluids and Other Functional Fluids Outlook to 2026 - Original Forecasts
2.3 Hydraulic Oils, Transmission Fluids and Other Functional Fluids Outlook to 2026 - COVID-19 Affected Forecasts
3 Strategic Analytics to Boost Productivity and Profitability
3.1 Potential Market Drivers and Opportunities
3.2 New Challenges and Strategies being adopted by Companies
3.3 Short Term and Long Term Hydraulic Oils, Transmission Fluids and Other Functional Fluids market trends
3.4 Impact of New Entrants, Competitive Landscape, Substitutes, Buyer and Supplier Powers
4 Global Hydraulic Oils, Transmission Fluids and Other Functional Fluids Market Outlook across Types to 2026
4.1 Asia Pacific Hydraulic Oils, Transmission Fluids and Other Functional Fluids Market Outlook across Types, 2019 - 2026
4.2 Europe Hydraulic Oils, Transmission Fluids and Other Functional Fluids Market Outlook across Types, 2019 - 2026
4.3 North America Hydraulic Oils, Transmission Fluids and Other Functional Fluids Market Outlook across Types, 2019 - 2026
4.4 South and Central America Hydraulic Oils, Transmission Fluids and Other Functional Fluids Market Outlook across Types, 2019 - 2026
4.5 Middle East Africa Hydraulic Oils, Transmission Fluids and Other Functional Fluids Market Outlook across Types, 2019 - 2026
5 Global Hydraulic Oils, Transmission Fluids and Other Functional Fluids Market Outlook across Applications to 2026
5.1 Asia Pacific Hydraulic Oils, Transmission Fluids and Other Functional Fluids Market Outlook across Applications, 2019 - 2026
5.2 Europe Hydraulic Oils, Transmission Fluids and Other Functional Fluids Market Outlook across Applications, 2019 - 2026
5.3 North America Hydraulic Oils, Transmission Fluids and Other Functional Fluids Market Outlook across Applications, 2019 - 2026
5.4 South and Central America Hydraulic Oils, Transmission Fluids and Other Functional Fluids Market Outlook across Applications, 2019 - 2026
5.5 Middle East Africa Hydraulic Oils, Transmission Fluids and Other Functional Fluids Market Outlook across Applications, 2019 - 2026
6 Country - wise Hydraulic Oils, Transmission Fluids and Other Functional Fluids Market Analysis and Outlook to 2026
7 Global Hydraulic Oils, Transmission Fluids and Other Functional Fluids Market Competitive Analysis
7.1 Top 10 Leading Companies in the global Hydraulic Oils, Transmission Fluids and Other Functional Fluids industry
7.1.1 Business Overview
7.1.2 Hydraulic Oils, Transmission Fluids and Other Functional Fluids Products and Services
7.1.3 SWOT Analysis
7.1.4 Financial Profile
8 Global Hydraulic Oils, Transmission Fluids and Other Functional Fluids Market - Recent Developments
8.1 Hydraulic Oils, Transmission Fluids and Other Functional Fluids Market News and Developments
8.2 Hydraulic Oils, Transmission Fluids and Other Functional Fluids Market Deals Landscape
9 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/4aa6cu
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
LEAWOOD, KS--(BUSINESS WIRE)--This notice provides stockholders of Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP) and Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ) with information regarding the distributions paid on August 31, 2020 and cumulative distributions paid fiscal year-to-date.
The following table sets forth the estimated amounts of the current distributions, payable August 31, 2020 and the cumulative distributions paid this fiscal year to date from the following sources: net investment income, net realized short-term capital gains, net realized long-term capital gains and return of capital. All amounts are expressed per common share.
Tortoise Pipeline & Energy Fund, Inc.
Estimated Sources of Distributions |
||||||
|
($) Current
|
% Breakdown of the Current |
($) Total Cumulative Distributions for the
|
% Breakdown of the Total Cumulative Distributions for the
|
||
Net Investment Income |
0.0000 |
0% |
0.0062 |
1% |
||
Net Realized Short-Term Capital Gains |
0.0000 |
0% |
0.0000 |
0% |
||
Net Realized Long-Term Capital Gains |
0.0000 |
0% |
0.0000 |
0% |
||
Return of Capital |
0.1600 |
100% |
0.5988 |
99% |
||
Total (per common share) |
0.1600 |
100% |
0.6050 |
100% |
||
Average annual total return (in relation to NAV) for the 5 years ending on 7/31/2020 |
-23.35% |
|||||
Annualized current distribution rate expressed as a percentage of NAV as of 7/31/2020 |
3.44% |
|||||
|
||||||
Cumulative total return (in relation to NAV) for the fiscal year through 7/31/2020 |
-62.24% |
|||||
Cumulative fiscal year distributions as a percentage of NAV as of 7/31/2020 |
3.25% |
|||||
Tortoise Power and Energy Infrastructure Fund, Inc.
Estimated Sources of Distributions |
||||||
|
($) Current
|
% Breakdown of the Current
|
($) Total Cumulative Distributions for the
|
% Breakdown of the Total Cumulative Distributions for the
|
||
Net Investment Income |
0.0314 |
63% |
0.2868 |
32% |
||
Net Realized Short-Term Capital Gains |
0.0000 |
0% |
0.0000 |
0% |
||
Net Realized Long-Term Capital Gains |
0.0000 |
0% |
0.0000 |
0% |
||
Return of Capital |
0.0186 |
37% |
0.6132 |
68% |
||
Total (per common share) |
0.0500 |
100% |
0.7500 |
100% |
||
Average annual total return (in relation to NAV) for the 5 years ending on 7/31/2020 |
-7.10% |
|||||
Annualized current distribution rate expressed as a percentage of NAV as of 7/31/2020 |
4.98% |
|||||
|
||||||
Cumulative total return (in relation to NAV) for the fiscal year through 7/31/2020 |
-26.46% |
|||||
Cumulative fiscal year distributions as a percentage of NAV as of 7/31/2020 |
7.46% |
|||||
You should not draw any conclusions about TTP or TPZ’s investment performance from the amount of this distribution or from the terms of TTP and TPZ’s distribution policies.
Each of TTP and TPZ estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in TTP and/or TPZ is paid back to you. A return of capital distribution does not necessarily reflect TTP or TPZ’s investment performance and should not be confused with "yield" or "income."
The amounts and sources of distributions reported are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon TTP and TPZ's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. TTP and/or TPZ will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
Tortoise Pipeline & Energy Fund, Inc. (TTP) invests primarily in equity securities of pipeline companies that transport natural gas, natural gas liquids (NGLs), crude oil and refined products and, to a lesser extent, in other energy infrastructure companies. TTP’s investment objective is to provide stockholders a high level of total return, with an emphasis on current distributions.
Tortoise Power and Energy Infrastructure Fund, Inc. (TPZ) invests in a portfolio of fixed income and equity securities issued by power and energy infrastructure companies. TPZ’s objective is to provide stockholders a high level of current income, with a secondary objective of capital appreciation.
About Tortoise
Tortoise invests in essential assets – those assets and services that are indispensable to the economy and society. With a steady wins approach and a long-term perspective, Tortoise strives to make a positive impact on clients and communities. To learn more, please visit www.tortoiseadvisors.com.
Tortoise Capital Advisors is the Adviser to the Tortoise Pipeline & Energy Fund, Inc. and the Tortoise Power and Energy Infrastructure Fund, Inc.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain statements that may include “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. All statements, other than statements of historical fact, included herein are "forward-looking statements." Althoug
h the funds and Tortoise Capital Advisors believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the fund’s reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the funds and Tortoise Capital Advisors do not assume a duty to update this forward-looking statement.
Safe Harbor Statement
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.
Maggie Zastrow at (913) 981-1020 or This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Wind Power Market Size, Share & Trends Analysis Report By Location (Onshore, Offshore), By Application (Utility, Non-Utility), By Region (North America, Europe, APAC, South America, MEA), And Segment Forecasts, 2020-2027" report has been added to ResearchAndMarkets.com's offering.
The global wind power market demand is expected to reach 88.1 GW by 2027, expanding at a CAGR of 5.2%.
The market is driven due to increasing demand for clean and affordable energy. Governments across various nations have been supporting the use of renewable energy sources including solar power, hydropower, wind power, and biomass. Regulatory bodies are emphasizing on reducing carbon footprints and reduce reliance on conventional energy sources which in turn is promoting energy generation using wind turbines.
Increasing energy needs in countries such as India, China, U.K., and Brazil, owing to rapid industrialization is projected to have a positive impact on market. Wind energy finds wide use in numerous sectors such as commercial and residential. The onshore turbines have emerged as a valuable renewable energy source, across the world. The cumulative installed onshore turbine power capacity is projected to observe a count of 10.0% in 2019 as compared to the 2018 capacity. Though the offshore turbine sector has been gaining thrust in the market.
Regions such as South America and Middle East and Africa offer a robust business opportunity for the market and countries, such as Brazil, Chile, and South Africa, are expected to play vital role in the development of the market in these regions. Demand for electricity generation from green and clean source is increasing, which is likely to drive the market in coming years. Besides, the massive wind energy potential, coupled with a continuous decrease in the cost of installation, is expected to offer extensive business opportunities to the market in upcoming years.
The utility application segment held the largest volume share in the market in 2019. Easing of installation barriers for utility scale products and low installation cost are the factors driving the growth of the segment. Such projects are installed in large farms, which are connected to nation's transmission system.
Report Highlights
Key Topics Covered
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Information Procurement
1.2.1. Purchased Database
1.2.2. Internal Database
1.2.3. Secondary Sources & Third-Party Perspectives
1.2.4. Primary Research
1.3. Information Analysis
1.3.1. Data Analysis Models
1.4. Market Formulation & Data Visualization
1.5. Data Validation & Publishing
Chapter 2. Executive Summary
Chapter 3. Market Definitions
Chapter 4. Wind Power Market Variables, Trends & Scope
4.1. Market Size and Growth Prospects
4.2. Industry Value Chain Analysis
4.3. Market Dynamics
4.3.1. Market Driver Analysis
4.3.2. Market Restraint/ Challenges Analysis
4.3.3. Opportunity Assessment
4.4. Penetration & Growth Prospect Mapping
4.5. Regulatory Framework
4.6. Business Environment Analysis Tools
4.6.1. Industry Analysis - Porter's
4.6.2. PESTEL Analysis
4.7. Company Market Share Analysis, 2019
4.8. Wind Power Production Outlook
Chapter 5. Wind Power Market Location Outlook
5.1. Market Size Estimates & Forecasts and Trend Analysis, 2016-2027 (Volume, MW, Revenue, USD Million)
5.2. Onshore
5.3. Offshore
Chapter 6. Wind Power Market Application Outlook
6.1. Market Size Estimates & Forecasts and Trend Analysis, 2016-2027 (Volume, MW, Revenue, USD Million)
6.2. Utility
6.3. Non-Utility
Chapter 7. Wind Power Regional Outlook
7.1. Wind Power Market, By Region, 2019 & 2027
7.2. North America
7.3. Europe
7.4. Asia-Pacific
7.5. South America
7.6. MEA
Chapter 8. Competitive Landscape
8.1. Acciona
8.2. Nordex SE
8.3. General Electric
8.4. Envision Group
8.5. Goldwind
8.6. Siemens Gamesa Renewable Energy SA
8.7. Suzlon Energy Limited
8.8. Vestas
8.9. Sinovel Wind Group
8.10. Dongfang Electric Corporation
8.11. ENERCON GmbH
8.12. Guangdong MingYang Wind Power Industry Group. Ltd.
8.13. Juwi AG
8.14. Inoxwind
8.15. Aerodyn Energiesysteme GmbH
For more information about this report visit https://www.researchandmarkets.com/r/ffovm7
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
LONDON--(BUSINESS WIRE)--#BuildingIntegratedPhotovoltaicsMarket--Technavio has been monitoring the building integrated photovoltaics market and it is poised to grow by USD 10.67 bn during 2020-2024, progressing at a CAGR of about 17% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions:
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Canadian Solar Inc., First Solar Inc., Heliatek GmbH, KYOCERA Corp., Meyer Burger Technology AG, Sharp Corp., Trina Solar Co. Ltd., United Solar Ovonic Inc., Wuxi Suntech Power Co. Ltd., and Yingli Green Energy Holding Co. Ltd. are some of the major market participants. The need to reduce energy cost will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
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.
Building Integrated Photovoltaics Market 2020-2024: Segmentation
Building Integrated Photovoltaics Market is segmented as below:
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41341
Building Integrated Photovoltaics Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The building integrated photovoltaics market report covers the following areas:
This study identifies increasing solar energy consumption and installation as one of the prime reasons driving the building integrated photovoltaics market growth 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.
Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform
Building Integrated Photovoltaics Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Market Segmentation by Type
Customer landscape
Geographic Landscape
Drivers, Challenges, and Trends
Vendor Landscape
Vendors covered
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.technavio.com/
— Plans allow people to offset their Electricity, Gas, Driving, and Air Travel carbon footprint—
PRINCETON, N.J.--(BUSINESS WIRE)--NRG, one of the nation’s leading competitive energy suppliers, now offers consumers across the country a convenient way to green-up their lifestyle through monthly and annual carbon offset subscriptions.
Customers choose carbon offsets to balance out carbon generated by their daily activities, such as driving or using electricity in their home. Each carbon offset purchased represents the elimination of one metric ton of greenhouse gas emissions.
By offering carbon offsets via its new website, picknrgoffsets.com, NRG is making it easy for customers to help reduce the impact of climate change. Customers can choose a trusted solution that fits their lifestyle because all contain third-party verified carbon offsets.
“As a company that believes people deserve to choose who they buy their energy from, providing our customers with offerings that help them live more sustainably is important,” said NRG Retail East Vice President and General Manager Mike Starck. ”By offering carbon offsets, NRG allows consumers to take control of their energy footprint, improving the environment for everyone.”
The company started its carbon offsets program in recognition that consumers want to do their part to reduce the environmental impact of their day-to-day activities. NRG has created five categories based on annualized average consumption data of American consumers by the World Bank and the United States Environmental Protection Agency (“EPA”) for emissions connected with various activities.
NRG Offsets monthly subscriptions include:
1. Driving Offsets: Drive your car guilt-free! By subscribing to this package, you can offset up to 950 miles of driving. For every month you are enrolled in this plan, NRG will retire enough carbon offsets to cover the emissions from driving your car, up to 950 miles annually.
2. Air Travel Offsets: This plan takes into consideration the emissions per passenger per mile of air travel. You can choose between three categories- domestic travel, close international (places like South America and the Caribbean) and long international (places like Asia and Africa).
3. Offset your Electricity Use: As we spend more time at home, it is hard to ignore the impact our electricity use has on the environment. This plan takes the guesswork out of your electricity carbon footprint so that you can enjoy being at home. For every month you are enrolled, NRG will retire enough carbon offsets to cover the emissions from your household electricity up to approximately 900 kwh per month.
4. Offset your Gas Usage: Average monthly gas consumption for an American household is 5,500 cubic feet of natural gas (based on EPA data). For every month you are enrolled in this plan, NRG will retire enough carbon offsets to cover the emissions from your household gas use up to 5,500 cubic feet of natural gas per month.
5. Offset by Quantity: Daily activities such as driving, electricity use, and heating your home all have an impact of the environment. Choose to offset between 0.5-2 metric tons per month based on your monthly habits (or activities).
For customers who want to purchase a specific number of carbon offsets, NRG provides a custom option, where customers can select the quantity of metric tons of CO2 that they want to offset at any point in time. This option works well for individuals and companies aiming to be carbon-neutral and using offsets to help provide the “net” in their personal or corporate net-zero emissions goals. While most of the options are subscriptions, we work with customers who prefer one-time approaches to manage their carbon footprint as well.
NRG sources carbon offsets using industry-leading, third-party certification standards, such as the Verified Carbon Standard and Climate Action Reserve. Using these trusted platforms, NRG purchases offsets from registered projects that capture or destroy greenhouse gases that otherwise would have been emitted, such as methane gas capture projects at landfills, destruction of ozone-depleting substances, or other projects that include reforestation or renewable energy.
ABOUT NRG
At NRG, we’re bringing the power of energy to people and organizations, putting customers at the center of everything we do. We generate electricity and provide energy solutions and natural gas to more than 3.7 million residential, small business, and commercial and industrial customers through our diverse portfolio of retail brands. A Fortune 500 company, operating in the United States and Canada, NRG delivers innovative solutions while advocating for competitive energy markets and customer choice, and by working towards a sustainable energy future. More information is available at www.nrg.com. Connect with NRG on Facebook, LinkedIn and follow us on Twitter @nrgenergy, @nrginsight.
Media Contact:
Dave Schrader
267-295-5768
This email address is being protected from spambots. You need JavaScript enabled to view it.
LOS ANGELES--(BUSINESS WIRE)--AECOM (NYSE:ACM), the world’s premier infrastructure consulting firm, today announced that AECOM Global II, LLC (the “Issuer”), a subsidiary of AECOM, has redeemed all of its outstanding 5.000% senior notes due 2022 (the “Notes”), in an aggregate principal amount of $248,522,000 (the “Redemption”). AECOM had announced on August 4, 2020 that it had delivered a Notice of Redemption for the Notes. The Redemption was funded using cash on hand and $248.5 million in proceeds from a July 30, 2020 borrowing under the Company’s lower-cost delayed draw term loan facility. With the completed Redemption, the Company has added lower-cost, longer-duration and pre-payable debt that will result in annual cash interest savings of approximately $6 million.
About AECOM
AECOM (NYSE:ACM) is the world’s premier infrastructure consulting firm, delivering professional services throughout the project lifecycle – from planning, design and engineering to program and construction management. We partner with our clients in the public and private sectors to solve their most complex challenges and build legacies for generations to come. On projects spanning transportation, buildings, water, governments, energy and the environment, our teams are driven by a common purpose to deliver a better world. AECOM is a Fortune 500 firm and its Professional Services business had revenue of approximately $13.6 billion in fiscal year 2019. See how we deliver what others can only imagine at aecom.com and @AECOM.
Forward-Looking Statements
All statements in this communication other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, coronavirus impacts, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; impacts caused by the coronavirus and the related economic instability and market volatility, including the reaction of governments to the coronavirus, including any prolonged period of travel, commercial or other similar restrictions, the delay in commencement, or temporary or permanent halting of construction, infrastructure or other projects, requirements that we remove our employees or personnel from the field for their protection, and delays or reductions in planned initiatives by our governmental or commercial clients or potential clients; losses under fixed-price contracts; limited control over operations run through our joint venture entities; liability for misconduct by our employees or consultants; failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; high leverage and potential inability to service our debt and guarantees; exposure to Brexit; exposure to political and economic risks in different countries; currency exchange rate fluctuations; retaining and recruiting key technical and management personnel; legal claims; inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; AECOM Capital real estate development projects; managing pension cost; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of the Management Services transaction, including the risk that the expected benefits of the Management Services transaction or any contingent purchase price will not be realized within the expected time frame, in full or at all; the risk that costs of restructuring transactions and other costs incurred in connection with the Management Services transaction will exceed our estimates or otherwise adversely affect our business or operations; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.
Investor:
Will Gabrielski
Senior Vice President, Investor Relations
213.593.8208
This email address is being protected from spambots. You need JavaScript enabled to view it.
Media:
Brendan Ranson-Walsh
Vice President, Global Communications & Corporate Responsibility
213.996.2367
This email address is being protected from spambots. You need JavaScript enabled to view it.
AUSTIN, Texas--(BUSINESS WIRE)--Mercom Capital Group, a clean energy communications, and research firm, has released a new report announcing the top 10 global large-scale solar PV developers. With a total capacity of 12.3 GW, India-based, Adani Green Energy emerged as the top solar PV developer in the world based on its operational, under construction, and awarded (contracted) projects. GCL New Energy (7.1 GW), a Hong Kong-listed independent solar power producer, ranked second, followed by Tokyo-based renewable energy developer, SB Energy (7 GW).
In developing this global leader report, a key criterion for qualification was that developers had to have projects in at least two countries. Although there were several developers, like NextEra Energy, that would have made the list based on their portfolio size; they were only active in a single country.
The list of top developers is a diverse group of companies with global growth aspirations. It includes several renewable energy arms of industrial and power conglomerates, subsidiaries of asset management companies, and pure-play renewable and solar companies. Top developers hail from all around the world, including India, China, the United States, Europe, Japan, and Canada.
The top 10 large-scale solar developers account for 33 GW of operational projects globally. For under construction and awarded (contracted) projects, the top large-scale solar developers accounted for 28.7 GW.
For the top 10 global solar developers, the Asia-Pacific (APAC) region made up 52.4% of developers' total capacity, followed by the Americas at 42.1% and Europe, the Middle East, and Africa (EMEA) at 5.5%. In contrast, the largest number of solar projects by top developers are in EMEA, with 41.6%, followed by the APAC at 29.9%, and Americas at 28.4%.
"Top developers are expanding presence in mature markets in pursuit of policy certainty, steady returns, and lower risk. They are also chasing growth in emerging markets, trying to lay the groundwork and tap into the enormous future potential these regions represent, despite the risks and ultra-competitive auctions," said Raj Prabhu, CEO of Mercom Capital Group.
The top developer with the largest operational large-scale solar capacity was GCL New Energy with 7.1 GW. Enel Green Power was the second-largest player in terms of operational capacity with 4.2 GW, followed by First Solar, SB Energy, Lightsource bp, ENGIE, Brookfield Renewable, Adani Green, AES Corporation, and Enerparc.
In terms of under construction and awarded capacity, Adani Green came out on top with 10.1 GW of projects. SB Energy was the second-largest player with 3.4 GW, followed by Invenergy.
The large-scale solar development market is extremely fluid, with project portfolios continually churning. Several of the companies included in this report were in the middle of M&A transactions at the time of publication. Attractive projects are in great demand, especially in mature markets.
M&A activity for large-scale solar projects has been extremely active. According to Mercom's 2019 Solar Funding and M&A Report, about 26 GW of projects changed hands in 2019. In the last ten years, over 120 GW of large solar projects have been acquired. Developers are recycling capital to invest in new projects and realize quicker returns.
We are seeing large-scale solar auctions around the world, and they are now the primary mode of procurement. Costs are dropping continually, driving demand, and solar is now the cheapest source of energy in many parts of the world.
The full report, Top 10 Global Leading Large-Scale Solar PV Developers, is available here.
About Mercom Capital Group
Mercom Capital Group is a global communications and research firm focused on clean energy. Mercom produces funding and market intelligence reports covering Solar and Battery Storage/Smart Grid/Efficiency. Mercom advises cleantech companies on new market entry, custom market intelligence, and overall strategic decision-making. For more information, visit: http://mercomcapital.com.
Wendy Prabhu
Mercom Capital Group
Tel: 1.512.215.4452
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
TORONTO--(BUSINESS WIRE)--Sherritt International Corporation (“Sherritt” or the “Corporation”) (TSX:S) announced that its previously disclosed transaction to improve its capital structure (the “Transaction”) was completed effective today pursuant to its plan of arrangement under the Canada Business Corporations Act (the “Plan of Arrangement”).
“Completion of our balance sheet initiative marks an important milestone and is indicative of our ongoing efforts to build balance sheet strength,” said David Pathe, President and CEO of Sherritt International. “With today’s closing, we have eliminated $2.3 billion of debt over the past six years and effectively resolved our Ambatovy investment legacy while also extending the maturity of our debt to November 2026. This progress positions us to take advantage of strong nickel market fundamentals expected in the coming years.”
As was previously announced by the Corporation, the Plan of Arrangement was overwhelmingly approved by holders of the Corporation’s outstanding (i) 8.00% senior unsecured debentures due 2021, (ii) 7.50% senior unsecured debentures due 2023, and (iii) 7.875% senior unsecured notes due 2025, and holders of the Corporation’s obligations under its Ambatovy Joint Venture partner loans (collectively, the “Debtholders”) at the meeting of Debtholders held on July 23, 2020, and was approved by the Ontario Superior Court of Justice (Commercial List) on August 6, 2020.
The Transaction has resulted in the reduction of Sherritt’s outstanding debt obligations by approximately $305 million, the extension of maturities in respect of its note obligations to 2026 and 2029, and no dilution to the Corporation’s common shares. The implementation of the Transaction has provided a stronger financial foundation and improved liquidity for the Corporation as a result of annual cash interest payment savings of more than $15 million. The Transaction has also addressed Sherritt’s Ambatovy investment legacy, terminating Sherritt’s obligations relating to the Ambatovy Joint Venture and transitioning Sherritt’s operatorship of the project.
Goodmans LLP acted as Sherritt’s legal advisor in connection with the Transaction and National Bank Financial Inc. acted as its financial advisor.
About Sherritt
Sherritt is a world leader in the mining and refining of nickel and cobalt from lateritic ores with projects, operations and investments in Canada and Cuba. The Corporation is the largest independent energy producer in Cuba, with extensive oil and power operations across the island. Sherritt licenses its proprietary technologies and provides metallurgical services to mining and refining operations worldwide. The Corporation’s common shares are listed on the Toronto Stock Exchange under the symbol “S”.
Forward-Looking Statements
This news release contains certain forward-looking statements. Forward-looking statements can generally be identified by the use of statements that include such words as “believe”, “expect”, “anticipate”, “intend”, “plan”, “forecast”, “likely”, “may”, “will”, “could”, “should”, “suspect”, “outlook”, “projected”, “continue” or other similar words or phrases. Specifically, forward-looking statements in this document include, but are not limited to, statements set out in this news release relating to the effects of the Transaction on the Corporation and its stakeholders, and nickel market fundamentals.
Forward-looking statements are not based on historic facts, but rather on current expectations, assumptions and projections about future events, including matters relating to the proposed Transaction; commodity and product prices and demand; the level of liquidity; production results; realized prices for production; earnings and revenues; and certain objectives, goals and plans. By their nature, forward looking statements require the Corporation to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that predictions, forecasts, conclusions or projections will not prove to be accurate, that those assumptions may not be correct and that actual results or payments may differ materially from such predictions, forecasts, conclusions or projections.
The Corporation cautions readers of this news release not to place undue reliance on any forward-looking statement as a number of factors could cause actual future results, conditions, actions or events to differ materially from the targets, expectations, estimates or intentions expressed in the forward-looking statements. These risks, uncertainties and other factors include, but are not limited to, risks associated with: the ability of the Corporation to achieve its financial goals; the ability of the Corporation to operate in the ordinary course, including with respect to satisfying obligations to service providers, suppliers, contractors and employees; the ability of the Corporation to continue as a going concern; the ability of the Corporation to continue to realize its assets and discharge its liabilities and commitments; the Corporation’s future liquidity position, and access to capital, to fund ongoing operations and obligations (including debt obligations); the ability of the Corporation to implement and successfully achieve its business priorities; the ability of the Corporation to comply with its contractual obligations, including, without limitation, its obligations under debt arrangements; the general regulatory environment in which the Corporation operates; the tax treatment of the Corporation and the materiality of any legal and regulatory proceedings; the general economic, financial, market and political conditions impacting the industry and markets in which the Corporation operates; the ability of the Corporation to sustain or increase profitability, fund its operations with existing capital and/or raise additional capital to fund its operations; the ability of the Corporation to generate sufficient cash flow from operations; the impact of competition; the ability of the Corporation to obtain and retain qualified staff, equipment and services in a timely and efficient manner; the ability of the Corporation to retain members of the senior management team, including but not limited to, the officers of the Corporation; and the impact on business operations of the Corporation resulting from the COVID-19 pandemic and the responses of government and the public to the pandemic. Readers are cautioned that the foregoing list of factors is not exhaustive and should be considered in conjunction with the risk factors described in this news release and in the Corporation’s other documents filed with the Canadian securities authorities, including without limitation the Management’s Discussion and Analysis of the Corporation for the year ended December 31, 2019, the Management’s Discussion and Analysis of the Corporation for the three and six months ended June 30, 2020, and the Annual Information Form of the Corporation dated March 19, 2020 for the period ending December 31, 2019, which are available on SEDAR at www.sedar.com.
The Corporation may, from time to time, make oral forward-looking statements. The Corporation advises that the above paragraph and the risk factors described in this news release and in the Corporation’s other documents filed with the Canadian securities authorities should be read for a description of certain factors that could cause the actual results of the Corporation to differ materially from those in the oral forward-looking statements. The forward-looking information and statements contained in this news release are made as of the date hereof and the Corporation undertakes no obligation to update publicly or revise any oral or written forward-looking information or statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. The forward-looking information and statements contained herein are expressly qualified in their entirety by this cautionary statement.
Joe Racanelli, Director of Investor Relations
Telephone: 416-935-2457
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
First Ever Approval for Small Modular Nuclear Reactor Technology & Now Ready for Commercialization
IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that NuScale Power, in which Fluor is the majority investor, received final design certification by the U.S. Nuclear Regulatory Commission (NRC), which is expected to advance the commercialization of NuScale’s small modular nuclear reactor (SMR) technology.
“The energy future of the U.S. and the world is increasingly more dependent on sustainable and renewable, carbon-free technologies,” said Carlos M. Hernandez, chief executive officer, Fluor. “Fluor has been a leader in serving the nuclear industry for more than 70 years including the design and construction support for more than 25 units, plus nearly 100 million hours of operations and maintenance work.”
The NuScale small modular reactor fits well with Fluor’s world-class modular fabrication capabilities for new facilities of all types.
“This final approval from the NRC clearly establishes NuScale as the preeminent leader in the small modular reactor technology market and positions the company to respond to customers desiring this unique, flexible, safe, clean energy solution,” Hernandez said. “Fluor is extremely proud of NuScale’s achievement, and we would like to acknowledge the continuous support of the U.S. Department of Energy, which has a long history of supporting the nuclear energy market, thereby helping to ensure long-term clean energy solutions in the U.S. and globally.”
In addition to previously announced strategic partners and investors in NuScale, both Fluor and NuScale continue to engage with potential customers, capital investors, manufacturers and other supply chain partners for new SMR development efforts.
Fluor has the exclusive rights to perform engineering, procurement and construction for new NuScale projects. Notably, Fluor and NuScale are working directly with Utah Associated Municipal Power Systems (UAMPS) in the development of a 720 megawatt plant. In addition, NuScale has preliminary agreements with entities in the U.S., Canada, Romania, the Czech Republic and Jordan.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company with projects and offices on six continents. Fluor’s 47,000 employees build a better world by designing, constructing and maintaining safe, well-executed, capital-efficient projects. Fluor is ranked 181 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has served its clients for more than 100 years. For more information, please visit www.fluor.com or follow Fluor on Twitter, LinkedIn, Facebook and YouTube.
#corp
Brian Mershon
Global Media Relations
864.282.6484
Jason Landkamer
Investor Relations
469.398.7222
FORT WORTH, Texas--(BUSINESS WIRE)--Basic Energy Services, Inc. (OTCQX: BASX) (“Basic” or the “Company”) was recognized with the top ranking in customer satisfaction in EnergyPoint Research’s 2020 Oilfield Services Customer Satisfaction Survey. The Company rated first in Workovers and Well Services, as well as in Water Management Services.
The rankings covered 33 companies this year, the largest such survey to date by EnergyPoint. The survey has been conducted annually since 2008 and focuses on the oil and gas industry’s satisfaction with the product and service providers serving the industry.
“I am extremely proud of our employees at Basic for their long-standing commitment to delivering safe, high-quality services to our customers. 2020 marks the fifth year running that we have achieved first place ratings in multiple categories in the EnergyPoint Research survey,” said Keith Schilling, President and CEO of Basic. “This recognition is a testament to the hard work our people do every day to ensure that we are the trusted production services company in the U.S. Their commitment to customer satisfaction and dedication to being the leader in the industry are core to this Company and its success in the field.”
About Basic Energy Services
Basic Energy Services provides wellsite services essential to maintaining production from the oil and gas wells within its operating areas. The Company’s operations are managed regionally and are concentrated in major United States onshore oil-producing regions located in Texas, California, New Mexico, Oklahoma, Arkansas, Kansas, Louisiana, Wyoming, North Dakota and Colorado. Our operations are focused in liquids-rich basins that have historically exhibited strong drilling and production economics in recent years with a significant presence in the San Joaquin Basin, Permian Basin, Powder River Basin, and the Bakken, Eagle Ford, and Denver-Julesburg shales. We provide our services to a diverse group of over 2,000 oil and gas companies. Additional information on Basic Energy Services is available on the Company’s website at www.basices.com.
Safe Harbor Statement
This release includes forward-looking statements and projections, made in reliance on the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical fact and reflect Basic’s current views about future events. The words "believe," "estimate," "expect," "anticipate," "project," "intend," "seek," "could," "should," "may," "potential" and similar expressions are intended to identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Although Basic believes the expectations reflected in its forward-looking statements are reasonable and are based on reasonable assumptions and estimates, certain risks and uncertainties could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this release and the presentation. These risks and uncertainties include, without limitation, our ability to successfully execute, manage and integrate acquisitions, including the recent acquisition of C&J, reductions in our customers’ capital budgets, our own capital budget, limitations on the availability of capital or higher costs of capital, volatility in commodity prices for crude oil, including the recent significant decline in oil prices, and natural gas, local and global impacts of the COVID-19 virus, and the negative impacts of the delisting of the Company’s common stock from the NYSE. Additional important risk factors that could cause actual results to differ materially from expectations are disclosed in Item 1A of the Company’s most recent Annual Report on Form 10-K and other filings with the Securities and Exchange Commission. While Basic makes these statements and projections in good faith, neither Basic nor its management can guarantee that the transactions will be consummated or that anticipated future results will be achieved. Any forward-looking statement speaks only as of the date on which such statement is made and Basic assumes no obligation to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made by Basic, whether as a result of new information, future events, or otherwise, except as required by applicable law.
David Schorlemer
EVP & CFO
Basic Energy Services, Inc.
817-334-4100
LONDON--(BUSINESS WIRE)--#DieselExhaustFluidMarket--Technavio has been monitoring the diesel exhaust fluid market and it is poised to grow by $ 14.22 bn during 2020-2024, progressing at a CAGR of almost 14% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
The market is concentrated, and the degree of concentration will accelerate during the forecast period. BASF SE, CF Industries Holdings Inc., China Petrochemical Corp., Cummins Inc., Nissan Chemical Corp., Nutrien Ltd., Royal Dutch Shell Plc, Total SA, and Yara International ASA 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.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
View market snapshot before purchasing
Increasing production of vehicles has been instrumental in driving the growth of the market. However, a decrease in the demand for diesel engine vehicles might hamper market growth.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Diesel Exhaust Fluid Market 2020-2024: Segmentation
Diesel Exhaust Fluid Market is segmented as below:
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41661
Diesel Exhaust Fluid Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The diesel exhaust fluid market report covers the following areas:
This study identifies the introduction of new technologies for the reduction of NOX emissions as one of the prime reasons driving the diesel exhaust fluid market growth 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.
Register for a free trial today and gain instant access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform
Diesel Exhaust Fluid Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Vehicle
Market Segmentation by Pack Size
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.technavio.com/
WATSONVILLE, Calif.--(BUSINESS WIRE)--#SafetyByChoice--Granite (NYSE:GVA) is pleased to announce a Granite Inliner project, the Stamford Interceptor Trunk Sanitary Sewer Phase 1 Project for the Region of Niagara, Ontario, has been awarded the Association of Municipalities of Ontario (AMO) Gas Tax Award. The AMO Gas Tax Award recognizes excellence in the use of federal Gas Funds. The Niagara Region was presented this award for their investment of federal Gas Tax funding in an innovative sewer rehabilitation project in the City of Niagara Falls.
The Stamford Interceptor Trunk Sanitary Sewer Phase 1 Project was completed by LiquiForce, Granite Inliner’s Canadian-based rehabilitation services company, using a no-dig trenchless pipeline rehabilitation technology, also known as cured-in-place pipe (CIPP) lining. CIPP extends the life of hydraulically adequate sewers at lower cost than excavating and replacing sewers in the streets and is less disruptive to vehicular and pedestrian traffic during construction while minimizing the environmental impact.
LiquiForce rehabilitated 7,600 feet (2,300 meters) of new and existing 42-inch (1,050-millimeter) and 48-inch (1,200-millimeter) diameter sanitary sewer main and 23 manholes bypassing the entire system including three pumping stations.
The Honorable Catherine McKenna, Canada’s Minister of Infrastructure and Communities, addressed the Federal Gas Tax Awards ceremony, praising Niagara Region’s “very impressive work.”
“Congratulations to this year’s winner, Niagara Region,” said Minister McKenna. “You combined innovation and environmentally-friendly engineering and supported long-term planning with your sewer pipeline project. And you did a great job keeping the impact on the busy Niagara Falls tourism sector minimal.”
“It’s great to get recognition for the innovation that went into this project,” said Niagara Region Regional Chair, Jim Bradley. “The federal Gas Tax Fund played a very big role in making this happen.”
Read the AMO Gas Tax Award press release.
About Granite
Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite provider in the transportation, water infrastructure and mineral exploration markets. Granite’s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. In addition to being one of the World’s Most Ethical Companies for ten consecutive years, Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit graniteconstruction.com, and connect with Granite on LinkedIn, Twitter, Facebook and Instagram.
About Granite Inliner
Granite Inliner is one of the nation’s largest cured-in-place pipe and trenchless pipe providers, and offers sustainable pipeline rehabilitation services to both public and private sectors. Granite Inliner installs safe, cost-effective, and long-term solutions for aging water, wastewater and sewer infrastructure needs. In June 2018, they became a wholly-owned subsidiary of Granite Construction Incorporated.
About LiquiForce
LiquiForce is a leader in no-dig trenchless pipeline rehabilitation services for water and wastewater pipeline systems, and have offices in both Canada and the United States. Services include complete pipeline system inspection, assessment, rehabilitation and maintenance. In June 2018, LiquiForce became a wholly-owned subsidiary of Granite Construction Incorporated.
About Liner Products
Supplying more than 40 million feet of cured-in-place pipe (CIPP) liner since 1999, Liner Products has a strong legacy of being a trusted source and top supplier of high-performance pipe lining tubes and material throughout North America. In June 2018, Liner Products became a wholly-owned subsidiary of Granite Construction, Inc.
About AMO
AMO is a non-profit organization representing almost all of Ontario’s 444 municipal governments. AMO supports and enhances strong and effective municipal government in Ontario and promotes the value of municipal government as a vital and essential component of Ontario and Canada’s political system.
Media
Erin Kuhlman 831-768-4111
Investors
Lisa Curtis 831-728-7532
LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Regulatory News:
TechnipFMC (NYSE:FTI) (PARIS:FTI) (ISIN:GB00BDSFG982) announced today that Maryann Mannen, Executive Vice President and Chief Financial Officer, will address attendees on Wednesday, September 2, at 1:15 p.m. CDT at the following event:
Simmons Energy Gleneagles Conference Goes Virtual
September 2 – 3, 2020
Location: Virtual Conference
The live webcast will be available at the time of the event and can be accessed at the Investor Relations website. There will be no presentation materials associated with the event.
About TechnipFMC
TechnipFMC is a global leader in the energy industry; delivering projects, products, technologies and services. With our proprietary technologies and production systems, integrated expertise, and comprehensive solutions, we are transforming our customers’ project economics.
Organized in three business segments — Subsea, Surface Technologies and Technip Energies — we are uniquely positioned to deliver greater efficiency across project lifecycles from concept to project delivery and beyond. Through innovative technologies and improved efficiencies, our offering unlocks new possibilities for our customers in developing their energy resources and in their positioning to meet the energy transition challenge.
Each of our approximately 37,000 employees is driven by a steady commitment to clients and a culture of project execution, purposeful innovation, challenging industry conventions, and rethinking how the best results are achieved.
TechnipFMC utilizes its website www.TechnipFMC.com as a channel of distribution of material company information. To learn more about us and how we are enhancing the performance of the world’s energy industry, go to www.TechnipFMC.com and follow us on Twitter @TechnipFMC.
Investor relations
Matt Seinsheimer
Vice President Investor Relations
Tel: +1 281 260 3665
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Phillip Lindsay
Director Investor Relations (Europe)
Tel: +44 (0) 20 3429 3929
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Media relations
Christophe Bélorgeot
SVP Corporate Engagement
Tel: +33 1 47 78 39 92
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Brooke Robertson
Public Relations Director
Tel: +1 281 591 4108
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
YOKOHAMA, Japan--(BUSINESS WIRE)--#CleanEnergy--Mitsubishi Power, a major subsidiary of the Mitsubishi Heavy Industries (MHI) Group, officially changed its corporate name from Mitsubishi Hitachi Power Systems today. The rebrand marks the start of an exciting new chapter in the company’s mission to solve the foremost energy challenges of our time, including decarbonizing energy and bringing reliable power to people all over the world. With its new brand identity, which was developed after consultation with key customers, employees and partners, Mitsubishi Power moves forward in its ambition to become a leading energy solutions company with a broad spectrum of businesses in grid-level power generation, renewables, energy storage and digital technologies.
Following the rebrand, Mitsubishi Power becomes a wholly owned subsidiary of MHI Group. Its enhanced position within the Group will enable it to establish greater synergies with its sister companies and expand its business by tapping new customer categories. Mitsubishi Power will capitalize on existing investments in emerging energy solutions, such as hydrogen, ammonia and solar power, to address the diverse and increasingly complex energy needs of customers around the world.
Mr. Ken Kawai, President and CEO of Mitsubishi Power, Ltd., said, “Providing people access to clean, stable, and affordable power is among global society’s most urgent mandates today. With our new identity, Mitsubishi Power is exceptionally poised to lead in solving these challenges. Building on a legacy of strong engineering and distinctive service, we will develop even more cutting-edge solutions to better serve our customers while broadening our portfolio. As an energy solutions company, we will partner more closely with governments, utilities, industry leaders and our fellow companies within the MHI Group to create a future that is good for people and the planet.”
In addition to the new name and logo, Mitsubishi Power also unveiled a new mission statement and announced that it will adopt the MHI Group tagline “Move the World Forward” (See Annex A).
Throughout its history, Mitsubishi Power has built a strong position as a trusted partner to power generation companies globally. As it enters this new phase, the company will apply its world-leading engineering prowess, drive for innovation and renowned customer service to deliver reliable energy, ultimately galvanizing the progress of nations, communities and individuals everywhere.
About Mitsubishi Power, Ltd.
Mitsubishi Power, Ltd. is a leading provider and innovator of technology and solutions for the global energy sector. Headquartered in Yokohama, Japan, it is a wholly owned subsidiary of Mitsubishi Heavy Industries, Ltd., whose engineering and manufacturing businesses span energy, infrastructure, transport, aerospace and defense. With more than 18,000 employees across 31 countries worldwide, Mitsubishi Power designs, manufactures and maintains equipment and systems that drive decarbonization and ensure delivery of reliable power around the world. Among its solutions are a wide range of gas turbines including hydrogen-fueled gas turbines, solid-oxide fuel cells (SOFCs), and air quality control systems (AQCS). Committed to providing exemplary service and working with customers to imagine the future of energy, Mitsubishi Power is also spearheading the development of the digital power plant through its suite of AI-enabled TOMONITM solutions.
For more information, please visit https://power.mhi.com.
ANNEX A: Mitsubishi Power Corporate Identity
Brand Logo and Name
The new brand logo combines the three diamonds figurative mark of Mitsubishi with the English company name. The logo font, a roundish, modern design in a gothic typeface, was adopted to present an image of the advanced, environment-friendly power generation technologies that Mitsubishi Power seeks to offer, while at the same time expresses a corporate stance of responding flexibly to societal changes.
Mission Statement
Mitsubishi Power is creating a future that works for people and the planet by developing innovative power generation technology and solutions to enable the decarbonization of energy and deliver reliable power everywhere.
Tagline
“Move the World Forward”
ANNEX B: Mitsubishi Power Corporate Information
Representative |
Ken Kawai, President and CEO |
Global Headquarters |
3-1, Minato Mirai 3-chome, Nishi-ku, Yokohama, Kanagawa, Japan |
Regional Headquarters |
Asia Pacific: Singapore Greater China: Shanghai Europe, Middle East and Africa: London Americas: Lake Mary, Florida |
Number of Employees Globally |
18,356 (as of April 2020) |
Number of Main Group Companies |
69 companies (including 8 companies in Japan) |
Major Offerings |
Power plants:
Products, equipment and services:
|
PRESS CONTACT:
Shimon Ikeya
Communications Group
Communications & Government Relations Department
Mitsubishi Power, Ltd.
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Tel: +81-45-200-7163
Announcement of Orders for 1 GWh and 500 MWh Energy Storage Projects
Announcement of $10 Million Investment from Strategic Partner
Update on Potential Business Combination Transaction with BRPM II
EDISON, N.J.--(BUSINESS WIRE)--Eos Energy Storage (“Eos”), a leading manufacturer of safe, low-cost, and long-duration zinc hybrid cathode (Znyth™) battery energy storage systems, today announced three business updates and additional details regarding the potential business combination transaction (the “business combination”) with B. Riley Principal Merger Corp. II (NYSE: BMRG, BMRG WS, BMRG.U) (“BRPM II"), a special purpose acquisition company sponsored by an affiliate of B. Riley Financial, Inc. (Nasdaq: RILY) (“B. Riley Financial”), announced on June 24, 2020.
Joe Mastrangelo, Chief Executive Officer of Eos, said, “This is an exciting time for Eos. We are pleased to announce orders to deliver 1.5 GWh of our battery energy storage solution, which will be manufactured in the USA at HI-POWER, our state of the art joint venture multi-gigawatt manufacturing facility, co-owned with Holtec International (“Holtec”), located in Pittsburgh. We have further deepened our relationship with Holtec through their additional investment in Eos. We continue to make progress with our business combination with BRPM II, and we are on track to imminently execute a definitive agreement.”
Joe Mastrangelo, added, “The business combination will allow Eos to achieve its long-term potential and fuel our mission. Our groundbreaking aqueous zinc battery technology is well-positioned to be a leading solution to meet short-term and long-term demand for safe, sustainable, and scalable long-duration clean energy.”
Strategic Agreement for 1 GWh Energy Storage Project with International Electric Power
Eos announced today that it has entered into a binding agreement to supply 1 GWh of standalone battery energy storage systems (“BESS”) to International Electric Power, LLC (“IEP”) for grid connected projects with the Electric Reliability Council of Texas (“ERCOT”). Eos will manufacture, design and deliver multiple integrated AC BESS solutions starting in the third quarter of 2021.
IEP has entered into this partnership with Eos to help lead the long duration energy storage transition to new, safer and more reliable alternative technologies to lithium-ion. IEP also benefits from Eos’ minimal auxiliary power requirements (HVAC systems are not required) and simple operations and maintenance throughout the equipment’s 20 year life expectancy. IEP aims to identify key locations to build these storage projects to maximize revenue streams in the ERCOT market.
“ERCOT is an important and growing market for energy storage. Long term energy storage will help mitigate massive investments that are needed in transmission facilities to relieve congestion,” commented Balki G. Iyer, Chief Commercial Officer of Eos. “We are very excited to be partnering with a high quality developer such as IEP on this important project. Our zinc batteries offer the perfect solution to address the project’s needs. We are particularly proud to announce that we will be supplying the entire 1 GWh from batteries sourced and manufactured here in the USA.”
Peter Dailey, Chief Executive Officer of IEP commented, “ERCOT offers perhaps the most interesting opportunity for battery plays in the United States, including hourly energy arbitrage, ancillaries and congestion revenue rights. IEP is pleased to announce this relationship with Eos, which offers some of the best utility scale battery technology in the market.”
IEP is a technology agnostic power producer which seeks to build, own and operate a portfolio of generation assets that offer investors attractive financial returns. IEP’s core competencies in asset operations and optimization, energy market analysis and contracting, and project financing and deal execution, enables it to manage all aspects of a transaction.
500 MWh Long Duration Energy Storage Project with Carson Hybrid Energy Storage
Eos announced that it has entered into an agreement to supply Carson Hybrid Energy Storage, LLC (“CHES”) with 500 MWh of integrated AC BESS. Eos will manufacture, design and deliver its zinc-based battery solutions to CHES starting in the first quarter of 2023. These safe, sustainable, long duration battery solutions will be used in parallel with existing power generation and substation architecture to store renewable energy generated capacity, and to provide power quality and better resilience to the California Power Grid.
“The recent rolling blackouts in California call for another transformation in energy, this time related to supply. We believe long duration energy storage is going to play a pivotal role in this transformation over the next three to five years,” commented Balki G. Iyer. “Eos is delighted to be partnering with an innovator such as CHES, which is seeking to build this project to provide solutions around a premium zone in Los Angeles. Eos’s zinc batteries are non-flammable, built with environmentally friendly materials, and are manufactured right here in the USA. They are a perfect fit for addressing the need which we have seen from some of our recent projects in California on a smaller scale.”
Peter Reardon, President of CHES, commented, “California needs fire safe, large scale energy storage located in our cities and towns to provide grid reliability as we move towards our zero carbon future. The recent blackouts showed that California cannot rely on out of state imports during climate induced heat waves affecting regions and not individual states. CHES is committed to developing safe energy storage solutions located in the Los Angeles basin. We seek to partner on this project and a second project with LA’s Load Serving Entities (LSE) that value our safe, city based product. With support from Southern California Edison, we are going to maximize the benefit of an existing interconnect to allow for this important energy storage resource to be located in the Los Angeles basin. Choosing Eos was easy, as their zinc aqueous technology is safe from fire, made in the USA, and provides green jobs. We will implement a pilot 1 MW behind the meter project in the Los Angeles basin in 2021 and then scale rapidly.”
Headquartered in California, CHES operates under the California Independent System Operator Corporation (“CAISO”) tariff as a grid connected generator.
Investment from Strategic Partner
Eos announced a new investment from strategic partner Holtec. Following the prior investment of $12 million, Holtec is investing an additional $10 million to help support the acceleration of the order book over the last several months. If the potential business combination with BRPM II is consummated, the terms of Holtec’s additional $10 million investment are expected to be consistent with the terms of the private investment into public equity that was announced in conjunction with the proposed business combination on June 24, 2020.
“We believe Eos is well-positioned as the leading energy storage system alternative to lithium-ion. We are excited to further strengthen our relationship through our investment, and look forward to participating in their future growth as an investor, a manufacturing partner, and as a future customer,” said Dr. Kris Singh, President and CEO of Holtec International.
Holtec is a privately-held supplier of equipment and systems for the energy industry. In September 2019, Eos and Holtec announced the formation of HI-POWER, LLC, a multi-gigawatt manufacturing joint venture to produce Eos’ next generation of aqueous zinc batteries. The state-of-the-art HI-POWER manufacturing facility is located in Pittsburgh, PA.
Business Combination Transaction Update
On June 24, 2020, Eos and BRPM II announced the execution of a letter of intent for a business combination transaction, which would result in Eos becoming a public reporting company.
Eos and BRPM II anticipate executing a definitive agreement for the business combination imminently. If the definitive agreement for the business combination is executed as anticipated, the potential business combination is expected to be completed during the fourth quarter of 2020, subject to certain closing conditions, including but not limited to approval of the business combination by BRPM II’s stockholders and other customary closing conditions.
”We are pleased with our steady progress to enter into a definitive agreement for a business combination of BRPM II and Eos,” said Dan Shribman, Chief Executive Officer and Chief Financial Officer of BRPM II and Chief Investment Officer of B. Riley Financial. ”We believe the business combination will serve as the catalyst to accelerate the growth of Eos’ disruptive technology. We look forward to sharing our full business plan with the market shortly.”
About Eos Energy Storage
At Eos, we are on a mission to accelerate clean energy by deploying stationary storage solutions that can help deliver the reliable and cost-competitive power that the market expects in a safe and environmentally sustainable way. Armed with a patent for a membrane-free zinc battery technology, Eos has been pursuing this opportunity since 2008 when it was founded. Eos Energy Storage has 10+ years of experience in battery storage testing, development, deployment, and operation. The Eos Aurora® system integrates the Company’s aqueous, zinc battery technology (Znyth®) to provide a safe, scalable, and sustainable alternative to Lithium Ion.
To learn more about Eos, please visit: https://eosenergystorage.com.
About B. Riley Principal Merger Corp. II
B. Riley Principal Merger Corp. II (NYSE: BMRG, BMRG WS, BMRG.U) (“BRPM II”) is a blank check company incorporated for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses, and is sponsored by an affiliate of B. Riley Financial, Inc. (Nasdaq: RILY). BRPM II is focused on pursuing a business combination with established businesses with an aggregate enterprise value of approximately $400 million to $1 billion that would benefit from access to public markets and the operational and strategic expertise of B. Riley’s management team and board of directors. For more information, visit https://brileyfin.com/principalmergercorp.
Additional Information and Where to Find It
If a legally binding definitive agreement is entered into, a full description of the terms of the business combination will be provided in a proxy statement for the stockholders of BRPM II (the “Business Combination Proxy Statement”), to be filed with the U.S. Securities and Exchange Commission (the “SEC”).
Investors and security holders of BRPM II are advised to read, when available, the preliminary Business Combination Proxy Statement and the definitive Business Combination Proxy Statement, and any amendments thereto, because these documents will contain important information about BRPM II and the proposed business combination. The definitive Business Combination Proxy Statement will be mailed to BRPM II’s stockholders of record as of a record date to be established for the special meeting of stockholders relating to the proposed business combination. Stockholders will also be able to obtain copies of the Business Combination Proxy Statement, without charge, once available, at the SEC's website at www.sec.gov or by directing a request to: B. Riley Securities, Inc., 299 Park Avenue, 21st Floor, New York, New York 10171, by telephone at (800) 846-5050 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..
Forward Looking Statements
Certain statements made in this release are “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside BRPM II’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include: the inability of BRPM II to enter into a definitive agreement with respect to the proposed business combination with Eos or to complete the contemplated business combination; matters discovered by BRPM II or Eos as they complete their respective due diligence investigation of the other; the risk that the approval of the stockholders of BRPM II for the potential business combination or any other closing condition is not obtained; the inability to recognize the anticipated benefits of the proposed business combination, which may be affected by, among other things, the amount of funds available in BRPM II’s trust account following any redemptions by BRPM II stockholders, competition, and the ability of the combined company to grow, manage growth profitably and retain its key employees; the ability to meet NYSE’s listing requirements following the consummation of the business combination; costs related to the proposed business combination; the risk that the potential business combination disrupts current plans and operations; and those factors discussed in BRPM II’s registration statement for the initial public offering filed with the SEC. BRPM II does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Participants in the Solicitation
BRPM II and its directors and executive officers may be considered participants in the solicitation of proxies with respect to the business combination described herein under the rules of the SEC. Information about the directors and executive officers of BRPM II and a description of their interests in BRPM II will be contained in the Business Combination Proxy Statement when it is filed with the SEC. This document can be obtained free of charge from the sources indicated above.
Non-Solicitation
The disclosure herein is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the business combination and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of BRPM II, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, and otherwise in accordance with applicable law.
For Investor Relations
Ed Yuen
This email address is being protected from spambots. You need JavaScript enabled to view it.
or
For Media Relations
Balki G. Iyer
This email address is being protected from spambots. You need JavaScript enabled to view it.
AKRON, Ohio--(BUSINESS WIRE)--$BW #middleeast--Babcock & Wilcox (B&W) (NYSE: BW) continued its expansion into the Middle East and Africa with the formation of Babcock & Wilcox Middle East Holdings, Ltd. and the opening of a headquarters in Dubai, United Arab Emirates for this business. Concurrent with this announcement, Wassim Moussaoui has been named Managing Director, B&W Middle East Holdings.
The new headquarters for B&W Middle East Holdings, Ltd. is located in the Dubai International Financial Center (DIFC) and will serve as B&W’s hub for sales, business development and operations in the Middle East and Africa region and will support the company’s growth in Saudi Arabia, Kuwait, Egypt, Oman and Qatar. The office will serve customers for the company’s new strategic, market-facing segments – B&W Environmental, B&W Renewable and B&W Thermal.
“B&W Middle East Holdings, under the direction of Wassim Moussaoui, strengthens our presence in the expanding environmental, renewable and thermal markets in the Middle East and Africa. We see approximately $4 billion in addressable market potential in the countries and lines of businesses where we are focusing our efforts, and we’re pleased that Wassim will lead our growth efforts in this key geographic region,” said B&W Chief Executive Officer Kenneth Young. “Wassim brings more than 15 years of international business development experience to this role. His depth of knowledge and expertise make him an ideal fit for this position.”
Moussaoui joined B&W in 2017, most recently serving as Senior Director, Sales & Business Development, Europe, Middle East & Africa. Prior to joining B&W, he worked for Babcock Borsig Steinmüller GmbH for 11 years, most recently serving as the company’s Head of Sales & Proposals. Moussaoui holds a master’s degree in Mechanical Engineering from the Munich University of Applied Sciences.
B&W is actively expanding its sales and business development team throughout the world. Targeted expansion regions include the Middle East, Africa and Asia-Pacific as they offer significant opportunities for the company’s advanced technologies, including waste-to-energy, biomass, advanced thermal and environmental solutions.
About B&W
Headquartered in Akron, Ohio, Babcock & Wilcox is a global leader in energy and environmental technologies and services for the power and industrial markets. Follow us on Twitter @BabcockWilcox and learn more at www.babcock.com.
Forward-Looking Statements
B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the formation of B&W Middle East Holdings, Ltd. as part of B&W’s continued expansion into the Middle East and Africa. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.
Investor Contact:
Megan Wilson
Vice President, Corporate Development & Investor Relations
Babcock & Wilcox
704.625.4944 | This email address is being protected from spambots. You need JavaScript enabled to view it.
Media Contact:
Ryan Cornell
Public Relations
Babcock & Wilcox
330.860.1345 | This email address is being protected from spambots. You need JavaScript enabled to view it.
Offshore Source keeps you updated with relevant information concerning the Offshore Energy Sector.
Any views or opinions represented on this website belong solely to the author and do not represent those of the people, institutions or organizations that Offshore Source or collaborators may or may not have been associated with in a professional or personal capacity, unless explicitly stated.