AMES, Iowa--(BUSINESS WIRE)--Renewable Energy Group, Inc. (NASDAQ:REGI) today announced that its management team is scheduled to attend the following upcoming investor conferences:
About Renewable Energy Group
Renewable Energy Group, Inc. (NASDAQ: REGI) is leading the energy industry's transition to sustainability by transforming renewable resources into high-quality, cleaner fuels. REG is North America’s largest producer of biodiesel and an industry leading producer of renewable diesel. REG solutions are alternatives for petroleum diesel and produce significantly lower carbon emissions. REG utilizes a global integrated procurement, distribution and logistics network to operate 13 biorefineries in the U.S. and Europe. In 2019, REG produced 495 million gallons of cleaner fuel delivering over 4.2 million metric tons of carbon reduction. REG is meeting the growing global demand for lower-carbon fuels and leading the way to a more sustainable future.
Investor Relations:
Renewable Energy Group
Todd Robinson
Treasurer
+1 (515) 239-8048
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One of Europe’s largest privately held LSPs will deploy BluJay’s LSP Platform as next-generation solution to optimise and automate over the road shipments
BAD HOMBURG, Germany--(BUSINESS WIRE)--BluJay Solutions, a leading provider of global supply chain software and services, today announced that Gebrüder Weiss GmbH selected BluJay’s LSP Platform, a powerful supply chain execution technology solution the company will deploy in its land transportation depots.
Gebrüder Weiss is one of Europe’s largest privately held logistics service providers, with 7,300 employees, 150 worldwide locations, and 13.7 million consignments transported in 2019. The company sought a solution to support continued digitalisation of logistics, with a flexible, future-proof transport management platform that can help deliver an enhanced customer experience and adapt to a constantly changing market and customer needs.
“We chose BluJay because of the proven solution and flexibility in their full offering,” says Wolfram Senger-Weiss, CEO of Gebrüder Weiss GmbH. “The solution is functionally rich and configurable to meet our needs. Their ability to deliver both on-premise and in the cloud is also attractive for us to build for the future. BluJay’s global presence is a plus, including a strong continental European presence, which helps us maximise our resources. BluJay aligns with our long-term vision and commitment to digitalisation; they are invested in the partnership to help us gain value now and over the long-term.”
Gebrüder Weiss looks forward to improving visibility, mapping and controlling orders, optimising handling process, real-time pricing of internal and external costs, and greater availability of data. The company expects the long-term partnership to support future growth and market trends with a platform that is positioned to address Gebrüder Weiss’ supply chain challenges going forward.
“BluJay is thrilled to partner with Gebrüder Weiss and to offer the flexibility they need for further digitisation and enhanced customer experience for the next generation,” says Andrew Kirkwood, CEO of BluJay Solutions. “Gebrüder Weiss is ready for the future, poised to deliver customer success as they will benefit from a robust solution proven every day to handle the volume, geographical scale, and complexity of leading companies. This is a true partnership for the long-term, where Gebrüder Weiss can leverage not only our software solution set, but also our experienced and professional workforce guiding the implementation, providing support, and driving long-term value.”
About Gebrüder Weiss
With over 7,300 employees, 150 company-owned locations and an annual turnover of 1.7 billion euros (2019), Gebrüder Weiss is one of the leading transport and logistics companies in Europe. In addition to its core business of land transport, air & sea freight, and logistics, the company operates a number of highly specialized industry solutions and subsidiaries under the umbrella of Gebrüder Weiss Holding AG, based in Lauterach (Austria) – including the logistics consultancy firm x|vise, tectraxx (industry specialist for hi-tech businesses), dicall (communications solutions, market research, training), Rail Cargo (railway transports), and the Gebrüder Weiss parcel service GWP, co-shareholder of the Austrian company DPD. This bundling of services allows the corporate group to respond to customer needs quickly and flexibly. Today, having implemented a variety of environmental, economic and social initiatives, the family-run company with a 500-year history is also considered a pioneer in sustainable business practices.
About BluJay Solutions
BluJay Solutions helps companies around the world achieve excellence in logistics and trade compliance - it’s in our DNA. Through a blend of Data, Networks, and Applications, delivered in the BluJay Way, our DNA platform powers the Frictionless Supply Chain for thousands of the world’s leading manufacturers, retailers, distributors, freight forwarders, customs brokers, carriers, and logistics service providers. To learn more, visit: www.blujaysolutions.com, or follow us on Twitter @myblujay and LinkedIn.
Media:
Martha de Labbey, +1 781-418-2400
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DUBLIN--(BUSINESS WIRE)--The "String Inverter Market by Connection Type, Phase and End-Use Industry: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.
The global string inverter market was valued at $3.1 billion in 2019, and is projected to reach $4.6 billion by 2027, growing at a CAGR of 6.3% from 2020 to 2027.
String inverter is a system that converts DC power into AC power. Inverters are considered to be the main part of the solar system. It is gaining popularity over central inverter (type of solar inverter) in small utility projects nearly less than 1 MW. Sting inverters are increasingly used in the commercial, industrial, and utility sectors in the past five years. More than one string inverter is present in the solar system, depending on the size of the system.
Rapid increase in commercial & residential activities across the globe is a key factor driving the growth of the string inverter market. In addition, light weight, easy installation, high efficiency, and flexibility significantly contribute toward the growth of the global string inverter market. However, higher heat loss due to the larger size and absence of panel level monitoring are the key factors hampering the growth of the string inverter market globally. Conversely, government initiatives toward renewable and sustainable energy is expected to create potential growth opportunity for the key players operating in this market.
The global string inverters market is segmented on the basis of connection type, phase, end-use industry, and region. Depending on connection type, the market is categorized into on-grid and off-grid. On the basis of phase, it is bifurcated into single phase and three phase. By end-use industry, the market is fragmented into residential, commercial & industrial, and utilities. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits
Market Dynamics
Drivers
Restraints
Opportunities
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/5efti6
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Vendors can capitalize on this market by pursuing smaller contracts oriented at immediate ROI and cash flow
BOULDER, Colo.--(BUSINESS WIRE)--#ESCOs--A new report from Guidehouse Insights analyzes the energy as a service (EaaS) market within the higher education segment. The report covers the evolution of EaaS definitions, market drivers and barriers, and recommendations to vendors pursuing growth in this segment.
EaaS continues to be top of mind for energy service companies, utilities, startups, and private equity firms as it allows vendors to deliver technologies that have been historically paid for via CAPEX under a service contract. The market opportunity for EaaS is especially strong among higher education institutions that have significant deferred maintenance backlogs and aggressive sustainability goals as they struggle with budget shortfalls. The financial impacts of COVID-19 on higher education institutions are also accelerating opportunities for EaaS in this segment. Click to tweet: According to a new report from @WeAreGHInsights, EaaS vendors can capitalize on this market by pursuing smaller contracts oriented at immediate ROI and cash flow.
“EaaS is a highly differentiated financing mechanism compared with energy service performance contracts (ESPCs), public-private partnerships (P3s), design build, and other project delivery mechanisms,” says Sasha Wedekind, research analyst with Guidehouse Insights. “It remains relatively unknown and poorly understood among prospective higher education customers, so vendors can use this opportunity to educate clients on EaaS and demonstrate the potential of this project financing mechanism through targeted engagements.”
To position for success, Guidehouse Insights recommends vendors focus on innovative institutions that have partnered with the private sector and pitch contracts that deliver quick returns. Vendors must also work to get the right stakeholders in the room, as creating channels to cabinet-level stakeholders remains imperative. Vendors who move quickly will likely have the market advantage as competition is expected to intensify as the market matures.
The report, Energy as a Service for Higher Education, analyzes the EaaS market within the higher education segment. The report covers the evolution of EaaS definitions, drivers, and barriers in this market and offers recommendations to vendors pursuing growth in this segment. The report provides a deep dive into the differentiators of EaaS agreements, sustainability goals in higher education, recent case studies, and approaches vendors can employ to gain and grow market share in this nascent market. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
About Guidehouse
Guidehouse is a leading global provider of consulting services to the public and commercial markets with broad capabilities in management, technology, and risk consulting. We help clients address their toughest challenges with a focus on markets and clients facing transformational change, technology-driven innovation and significant regulatory pressure. Across a range of advisory, consulting, outsourcing, and technology/analytics services, we help clients create scalable, innovative solutions that prepare them for future growth and success. Headquartered in Washington DC, the company has more than 7,000 professionals in more than 50 locations. Guidehouse is led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets and agenda-setting issues driving national and global economies. For more information, please visit: www.guidehouse.com.
* The information contained in this press release concerning the report, Energy as a Service for Higher Education, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
Lindsay Funicello-Paul
+1.781.270.8456
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DUBLIN--(BUSINESS WIRE)--The "Offshore Support Vessels Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.
The global offshore support vessels market grew at a CAGR of around 6% during 2014-2019. Looking forward, the publisher expects the market to continue its moderate growth during the next five years.
Offshore support vessels refer to various marine vessels that are used for transporting goods, supplies and equipment during subsea exploration and construction activities. Some of the common types of offshore support vessels include diving support, crane, and pipe laying vessels, seismic survey ships, and platform supply vessels (PSVs).
These vessels are primarily used for locating and inspecting oil and gas-bearing areas, towing and positioning rigs/platforms and offering maintenance facilities. They are equipped with powerful small-sized boats that respond to emergencies at offshore installations and also provide various other services, such as transportation, anchor management and platform support.
Increasing oil and gas exploratory activities is one of the key factors driving the growth of the market. Furthermore, the rising demand for PSVs across the globe is also providing a boost to the market growth. PSVs are used in the production stage of offshore drilling and for the transportation of cement, casting and drilling pipes and completion fluids. Additionally, various technological advancements in the manufacturing processes of offshore support vessels and the integration of Dynamic Positioning (DP) systems in marine vessels, is acting as another growth-inducing factor.
Manufacturers are emphasizing on producing computer-controlled vessels that can automatically control their propellers and thrusters to maintain a specific position. Other factors, including rapid industrialization and extensive research and development (R&D) activities, along with growing investments in the oil and gas sector across the globe, especially in the emerging economies, are projected to drive the market further.
Companies Mentioned
Key Questions Answered in this Report:
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Offshore Support Vessel Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Forecast
6 Market Breakup by Type
6.1 Anchor Handling Towing Supply Vessel
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Platform Supply Vessel
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Fast Supply Intervention Vessel
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Multi-Purpose Service Vessel
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Water Depth
7.1 Shallow Water
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Deepwater
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Fuel
8.1 Fuel Oil
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 LNG
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Service Type
9.1 Financial Services
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Technical Services
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Inspection & Survey
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Crew Management
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Logistics & Cargo Management
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Others
9.6.1 Market Trends
9.6.2 Market Forecast
10 Market Breakup by Applications
10.1 Oil and Gas Applications
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Offshore Applications
10.2.1 Market Trends
10.2.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.2 Asia Pacific
11.3 Europe
11.4 Latin America
11.5 Middle East and Africa
12 SWOT Analysis
13 Value Chain Analysis
14 Porters Five Forces Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/mentl
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Migration of SAP® solutions to Microsoft Azure aims to reduce IT costs and support oil and gas and renewable energy operations
STAVANGER, Norway--(BUSINESS WIRE)--Accenture (NYSE: ACN) is helping Equinor, an international energy company, migrate its SAP® software environment to Microsoft Azure public cloud.
This transformational project supports Equinor’s business objectives to optimize IT costs and increase cost transparency by shifting to an agile, high availability and scalable platform for SAP systems.
Working closely with Equinor’s Cloud Management team, Accenture will migrate and manage their SAP systems from on-premise data centers to the Microsoft Azure cloud. This will help Equinor run IT operations in a reliable cloud environment that includes embedded security. Accenture will use myWizard, its proprietary intelligent automation platform, to automate processes across the enterprise.
Gunnar Presthus, Accenture’s global client account lead for Equinor, said, “Accenture is excited to support Equinor in its SAP journey to the cloud. This is a pre-requisite for digital transformation, enabling business resilience that is key to navigating a continually changing environment.”
Gjert Terje Gjersvik, SAP’s global account director for Equinor, said, “Working together with Accenture we are helping to simplify and accelerate our customer’s journey of moving their SAP systems to Microsoft Azure to help realize the benefits of the cloud.”
Kimberly Lein-Mathisen, general manager of Microsoft Norway, added, “This is a great example of Accenture playing an important role as a trusted partner, enabling Equinor to reach its goals. Equinor has an important role to play in innovation and in driving Norway’s sustainable growth, and we are very proud to have their SAP solutions running on Azure.”
About Accenture
Accenture is a leading global professional services company, providing a broad range of services in strategy and consulting, interactive, technology and operations, with digital capabilities across all of these services. We combine unmatched experience and specialized capabilities across more than 40 industries — powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. With 513,000 people serving clients in more than 120 countries, Accenture brings continuous innovation to help clients improve their performance and create lasting value across their enterprises. Visit us at www.accenture.com.
About Equinor
Equinor is a broad energy company with a proud history. We are 21,000 committed colleagues developing oil, gas, wind and solar energy in more than 30 countries worldwide. We’re the largest operator in Norway, one of the world’s largest offshore operators, and a growing force in renewables. Driven by our dedication to safety, equality and sustainability and our Nordic urge to explore beyond the horizon, we’re shaping the future of energy.
Guy Cantwell
Accenture
+1 281 900 9089
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Matt Corser
Accenture
+44 755 784 9009
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DUBLIN--(BUSINESS WIRE)--The "Planned LNG Market by Technology and End-Use Industry: Global Opportunity Analysis and Industry Forecast, 2020-2030" report has been added to ResearchAndMarkets.com's offering.
The global planned LNG market was valued at $102.2 billion in 2019, and is projected to reach $58.9 billion by 2030, growing at a CAGR of 9.9% from 2020 to 2030. Planned LNG can be defined as the expansion of regasification and liquefaction terminal capacities.
Some of the factors such as cost advantage of LNG over other energy sources for end-use industries, environmental benefits, monetary systems and subsidies, and others are expected to boost the growth of the market. In addition, an increase in regasification capacities in the Asia-Pacific region boosts market growth. Some of the countries where the demand for LNG is expected to grow to include China, India, and others. However, the growth of renewable energy and nuclear energy is anticipated to decrease the demand for LNG. Moreover, the demand for LNG decreased in Japan and South Korea, owing to an increase in nuclear power generation and the pace of renewable energy infrastructure deployment.
The global planned LNG market is segmented on the basis of technology, end-use industry, and region. The technology segment is categorized into liquefaction and regasification. On the basis of end-use industry, the market is divided into residential, commercial, and industrial. By Region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits
Key Findings of the Study:
Market Dynamics
Drivers
Restraint
Opportunity
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/krp95n
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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North Carolina-based solar projects will be online by 2021
DURHAM, N.C.--(BUSINESS WIRE)--#energyfinance--Today, Helios Infrastructure (Helios), a joint venture between Nationwide and Sol Systems, announced the completion of its project purchase from Cypress Creek Renewables. The $200+ million portfolio spans 20 projects across North Carolina, of which 97 MW are operational and 51 MW are under construction.
Since 2012, Nationwide and Sol Systems have financed over $700 million of solar projects throughout the United States. The portfolio is primarily composed of utility-scale assets selling energy to utilities, municipal customers, and universities. Today, Helios leverages the origination, underwriting and asset management resources the two partners have established.
“Helios was created with a vision of developing and owning solar projects,” Nationwide Investments Solar Equity Portfolio Manager Clark Lloyd said. “We look forward to seeing the positive environmental and economic benefits these projects will bring to the communities they serve.”
In June 2018, Helios and Cypress Creek executed a framework agreement to purchase a portfolio of utility-scale solar projects under development by Cypress Creek. Since the agreement was announced, Helios has purchased and closed financing on the projects in the portfolio on a rolling basis. Helios and Cypress Creek completed the sale of the final 25 MW in the portfolio on July 31, 2020.
“With Nationwide and Sol Systems, we have developed a valuable, multi-year partnership around our shared mission of powering a sustainable future and investing in the North Carolina communities,” said Cassidy DeLine, Vice President of Project Finance, Cypress Creek Renewables. “The complexities inherent in a portfolio with this number of projects require a partner like Helios at the table.”
“We value our partnership with Nationwide, as well as the opportunity to build on a long history of successful transactions with the Cypress Creek team, beginning with tax equity investments in 2015 and culminating in the completion of this master purchase,” said Jessica Robbins, Senior Director, Structured Finance, Sol Systems.
The 51 MW of projects under construction will create clean, renewable electricity that will benefit 20 counties and 12,000 homes per year in North Carolina, while offsetting approximately 150,000 tons of carbon annually (On a general scale, 1 MW can power 164 average homes, but can vary depending on regional differences).
Cypress Creek’s Engineering and Project Management group is overseeing the construction by Pure Power Contractors and CS Energy, which is targeting a placed-in-service date of December 2020. Upon completion, Cypress Creek O&M Services will provide operations and maintenance for the entire 20 project portfolio.
The largest project in the portfolio is Ruff, a 32MW solar site located in Ellenboro, N.C. The project was placed in service on July 27, 2020.
ABOUT NATIONWIDE
Nationwide, a Fortune 100 company based in Columbus, Ohio, is one of the largest and strongest diversified insurance and financial services organizations in the United States. Nationwide is rated A+ by both A.M. Best and Standard & Poor’s. An industry leader in driving customer-focused innovation, Nationwide provides a full range of insurance and financial services products including auto, business, homeowners, farm and life insurance; public and private sector retirement plans, annuities and mutual funds; excess & surplus, specialty and surety; pet, motorcycle and boat insurance. For more information, visit www.nationwide.com. Follow us on Facebook and Twitter.
Nationwide, Nationwide is on your side and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company. © 2020
ABOUT SOL SYSTEMS
Sol Systems is a leading national solar energy firm with an established reputation for integrity and reliability across its development, infrastructure and environmental commodity businesses. To date, Sol has developed and/or financed over 1 GW of solar projects valued at more than $1 billion for Fortune 100 companies, municipalities, counties, utilities, universities and schools. The company also actively shapes and trades in environmental commodity and electricity markets throughout the United States. The company was founded in 2008, is based in Washington, D.C., and is led by its founder. Sol Systems works with its team, partners, and clients to create a more sustainable future we can all believe in. For more information, visit https://www.solsystems.com/.
ABOUT CYPRESS CREEK RENEWABLES
Cypress Creek Renewables is powering a sustainable future, one project at a time. We develop, finance, own and operate utility-scale and distributed facilities across the country. With more than 9.8GW of solar developed and more than 3.2GW under management, Cypress Creek is one of the country’s leading solar and storage companies. For more information about Cypress Creek, please visit www.ccrenew.com.
Jamie Nolan for Cypress Creek, This email address is being protected from spambots. You need JavaScript enabled to view it., 410-463-9869
PG&E Encourages Customers to Update Their Contact Information Ahead of Peak Wildfire Season
Updates Needed to Prepare for Emergencies, Natural Disasters, PSPS Events
SAN FRANCISCO--(BUSINESS WIRE)--After seven days filled with rotating power outage due energy supply issues and lightning-sparked wildfires grow across the state, Pacific Gas and Electric Company (PG&E) is urging customers to provide the company with updated mobile numbers, email addresses and other key information so the company can contact them with important safety alerts and updates during wildfire season.
Updating Customer Contact Information is Easy
Already this year, more than 1.2 million PG&E customers have updated their contact information. PG&E thanks customers who have already taken action to ensure they will receive its wildfire safety alerts. For customers who have not yet confirmed or updated their contact information, PG&E strongly encourages everyone to do so by visiting www.pge.com/mywildfirealerts or by calling the PG&E contact center at 1-866-743-6589.
It is important that all customer information is up to date so that PG&E can share wildfire safety alerts. This is especially critical for medical baseline customers. In addition to notifying customers directly, PG&E also will provide outage updates and information through channels such as social media, local news, radio and the pge.com website.
“We have already seen the result of a dry winter rain season and a hotter-than-average late summer in our service area coupled with lighting strikes. A number of wildfires are burning across the region, and we continue to encourage our customers to conserve energy as we reach the tail end of a week-long extreme heatwave that resulted in rotating outages on Friday (Aug. 14) and Saturday (Aug. 15),” said PG&E Chief Customer Officer, Senior Vice President Laurie Giammona. “We are asking our customers to be sure we have their latest contact information so that we can share important safety alerts and information about their electric service.”
Customer Preparedness Tips
Besides updating their contact information, PG&E encourages customers to do the following:
For additional preparedness tips, worksheets, checklists and other resources, visit PG&E’s Safety Action Center.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy companies in the United States. Based in San Francisco, with more than 23,000 employees, the company delivers some of the nation’s cleanest energy to nearly 16 million people in Northern and Central California. For more information, visit www.pge.com/ and www.pge.com/en/about/newsroom/index.page.
Media Relations:
415-973-5930
3PL will offer real-time price quoting and instant booking capabilities through Blue Yonder solution
SCOTTSDALE, Ariz. & PRESTON, Md.--(BUSINESS WIRE)--#AI--Choptank Transport, a full-service 3PL, has integrated with Blue Yonder’s dynamic price discovery solution to continue its digital transformation.
In an ever-volatile freight transportation market, shippers are looking for real-time market-based prices and capacity. By integrating with Blue Yonder’s dynamic price discovery solution, Choptank can provide these capabilities to its shipping and freight customers.
Choptank can offer the dynamic price discovery solution to its pipeline of customers, as well as shippers utilizing Blue Yonder’s transportation management solution – providing a larger shipper/freight carrier base for the company. The dynamic price discovery solution can be adopted by existing Blue Yonder transportation management customers seamlessly.
Choptank offers truckload, LTL, reefer or dry, intermodal, cross-docking, container services, heavy haul, and more specialized freight services. The company serves the United States, Canada, Mexico and other international destinations. Choptank’s greatest strength and differentiator in the market is their cutting-edge technology, vast carrier network and superior customer service. They are a full service, multi-modal logistics firm offering the perfect blend of customer service built on relationships and all the tools and solutions to maintain the highest customer satisfaction rating.
“Our customers’ needs are changing at the speed of light in this industry,” said Choptank Transport President & CEO, Geoff Turner. “Instant pricing, capacity, and market intelligence are all expected deliveries from today’s 3PLs. If you don’t offer it, you quickly become irrelevant in the supply chain. Blue Yonder’s dynamic price product is exactly what our customers are asking for, and we are pleased to provide this next-level service.”
The dynamic price discovery solution is built on Blue Yonder’s Luminate™ Platform, which is powered by Microsoft Azure. Luminate Platform combines data from both internal and external sources – spanning shippers’ digital supply chain ecosystems – to leverage both artificial intelligence (AI) and machine learning (ML), enabling smarter and more actionable business decisions.
“We’re excited to be working with Choptank, a company whose specialized approach to the industry and superior customer service differentiates them from their competition,” said Terry Norton, vice president, 3PL & Transportation, Blue Yonder. “As a result of the COVID-19 pandemic, we have seen a dramatic shift from our customers requiring rapid assistance in the delivery of essential goods. By integrating with our dynamic price discovery solution, Choptank will have access to a larger customer base, allowing them to meet shipper and freight carrier needs when it comes to pricing and capacity.”
Additional Resources:
About Choptank Transport
Choptank Transport is part of a $213.5 billion industry of U.S. third-party logistics companies that match a variety of freight services with shippers who have goods to be transported. Choptank specializes in truckload freight, less-than-truckload, refrigerated and dry, as well as rail, air and sea movement. Choptank’s headquarters is in Preston, Maryland, with five other locations nationwide, including Tampa, Dallas, Atlanta, Denver, and Baltimore. A new site in Easton, Maryland, is scheduled to open in early 2021. Visit ChoptankTransport.com.
About Blue Yonder
Blue Yonder is the world’s leading, end-to-end, digital supply chain platform provider, enabling companies to better predict, optimize and fulfill customer demand. Blue Yonder empowers companies to dynamically improve business planning and execution to drive more autonomous, profitable business outcomes and reimagined customer experiences. With Blue Yonder, you can Fulfill your Potential.™ Visit blueyonder.com.
“Blue Yonder” is a trademark or registered trademark of Blue Yonder Group, Inc. Any trade, product or service name referenced in this document using the name “Blue Yonder” is a trademark and/or property of Blue Yonder Group, Inc.
Blue Yonder
15059 N. Scottsdale Road, Ste. 400
Scottsdale, AZ 85254
Blue Yonder Public Relations Contacts:
Jolene Peixoto, Vice President, Corporate Communications
Tel: +1 978-475-0524, This email address is being protected from spambots. You need JavaScript enabled to view it.
Marina Renneke, APR, Corporate Communications Manager
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DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer” or “the Company”) announced today that its Board of Directors declared a quarterly cash dividend of $0.55 per share on Pioneer’s outstanding common stock. The dividend is payable October 14, 2020, to stockholders of record at the close of business on September 30, 2020.
Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer’s website at www.pxd.com.
Pioneer Natural Resources Contacts:
Investors
Neal Shah – 972-969-3900
Tom Fitter – 972-969-1821
Michael McNamara – 972-969-3592
Media and Public Affairs
Tadd Owens – 972-969-5760
LONDON--(BUSINESS WIRE)--#BiogasMarket--Technavio predicts the global biogas market to grow steadily at a CAGR of almost 6% by 2023. One of the primary drivers for this market is the stringent regulations for the reduction of GHG emissions. Rising quantities of methane, CO2, and GHGs in the atmosphere is leading to rising land and sea temperatures, changes in rainfall and snow patterns, and extreme climatic conditions. Hence, governments around the world are undertaking various initiatives to reduce GHG emissions. Biogas energy plants capture GHGs and use them for energy generation. This is one of the key factors driving the growth of the global biogas market. Download Free Sample Report with COVID-19 Impact Analysis
The global biogas market is a part of the global coal and consumable fuels market. The global biogas market includes companies primarily involved in the production and mining of coal, related products, and other consumable fuels related to the generation of energy. Our research reports provide a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors
Latest reports related to biogas market analysis
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Technavio’s reports are aimed at providing key insights on biogas markets by identifying the key drivers, trends, and, challenges that are impacting the overall coal and consumable fuels market. The research analyses the impact on these factors on the biogas markets, for the present market scenario and over the forecast period. Technavio’s reports provide a comprehensive analysis on the vendors and their offerings, major growth strategies adopted by stakeholders, and the key happenings in the market.
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Coal and Consumable Fuels Market: Segmentation
Coal and consumable fuels, the parent market, includes the global biogas market within its scope and it is further segmented into multiple sub-segments. Technavio’s reports identify the high growth areas and opportunities for vendors operating in each sub-segment of the global biogas market. The market is segmented as follows:
Grade
Coal type
Mining source
End-user industries
Coal processing
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Coal and Consumable Fuels Market: Geographic Segmentation
The global coal and consumable fuels market has been analyzed across key geographical regions to identify region level market dynamics, developments, and the key growth countries for the forecast period. The regional level analysis identifies the market shares, growth momentum, and key leading countries in the market, which include (but ae not limited to) the following:
Vendor Landscape
Technavio’s industry coverage utilizes multiple sources and tools to gather information of the multiple stakeholders and their offerings towards the market. Sources such as company websites, annual reports, whitepapers, subscription & in-house databases, industry journals, publications and magazines are used in addition to other relevant sources. The vendor landscape provides a framework to estimate the health care supplies market, while also categorizing the vendors into pure play, category focused, or diversified based on their offerings. All market reports provide the key and contributing players across the value chain based on in-house influence index, developed using multiple industry and market parameters.
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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BATAVIA, N.Y.--(BUSINESS WIRE)--Graham Corporation (NYSE: GHM), a global business that designs, manufactures and sells critical equipment for the oil refining, petrochemical and defense industries, today announced that James R. Lines, President and Chief Executive Officer, and Jeffrey F. Glajch, Vice President-Finance & Administration and Chief Financial Officer, will participate in the virtual Midwest IDEAS Investor Conference on August 26 and 27, 2020.
Graham will webcast a presentation which will be available at 8:00 AM Eastern Time on August 26, 2020 on the Midwest IDEAS conference website at www.IDEASconferences.com and in the investor relations section of the Company’s website at www.graham-mfg.com. The presentation will be available for 90 days following the conference.
ABOUT GRAHAM CORPORATION
Graham is a global business that designs, manufactures and sells critical equipment for the energy, defense and chemical/petrochemical industries. Energy markets include oil refining, cogeneration, and alternative power. For the defense industry, the Company’s equipment is used in nuclear propulsion power systems for the U.S. Navy. Graham’s global brand is built upon world-renowned engineering expertise in vacuum and heat transfer technology, responsive and flexible service and unsurpassed quality. Graham designs and manufactures custom-engineered ejectors, vacuum pumping systems, surface condensers and vacuum systems. Graham’s equipment can also be found in other diverse applications such as metal refining, pulp and paper processing, water heating, refrigeration, desalination, food processing, pharmaceutical, heating, ventilating and air conditioning. Graham’s reach spans the globe and its equipment is installed in facilities from North and South America to Europe, Asia, Africa and the Middle East.
Graham routinely posts news and other important information on its website, www.graham-mfg.com, where additional comprehensive information on Graham Corporation and its subsidiaries can be found.
Jeffrey F. Glajch
Vice President - Finance and CFO
Phone: (585) 343-2216
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Deborah K. Pawlowski / Christopher M. Gordon
Kei Advisors LLC
Phone: (716) 843-3908 / (716) 843-3942
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TORONTO--(BUSINESS WIRE)--Chemtrade Logistics Income Fund (TSX: CHE.UN) today announced that it has declared a cash distribution of $0.05 per unit for the month of August 2020 payable on September 25, 2020 to unitholders of record at the close of business on August 31, 2020.
Holders of units who are non-residents of Canada will be required to pay all withholding taxes payable in respect of any distributions of income by the Fund.
Mark Davis
President & CEO
Tel: (416) 496-4176
Rohit Bhardwaj
Vice President, Finance & CFO
Tel: (416) 496-4177
PRINCETON, N.J.--(BUSINESS WIRE)--NRG Energy, Inc. (NYSE:NRG) today announced that NRG’s proposed acquisition of Direct Energy, a North American business owned by Centrica PLC, was approved on August 20, 2020 by the requisite vote of Centrica PLC’s shareholders at a general meeting of its shareholders.
Closing for the previously announced transaction is expected by year end 2020. The transaction remains subject to other customary closing conditions, consents and regulatory approvals, including approval by the Federal Energy Regulatory Commission (FERC). In addition, NRG has submitted the transaction to the U.S. Department of Justice and the Federal Trade Commission under the Hart-Scott-Rodino Act, and the Commissioner of Competition under the Canadian Competition Act.
NRG also announced today it entered into an amendment of its Second Amended and Restated Credit Agreement to (i) increase the existing revolving commitments in an aggregate amount of $779 million and (ii) provide for a new tranche of revolving commitments in an aggregate amount of $258 million with a maturity date that is 30 months after the closing of the acquisition of Direct Energy, subject to certain potential extensions. The increase in the existing commitments and the commitments with respect to the new tranche will only become available upon the date of such closing. As a result, upon the closing date, the total revolving commitments available, subject to usage, under NRG’s revolving credit facility will equal $3.64 billion. This increase potentially reduces the need for other liquidity facilities associated with the proposed acquisition of Direct Energy. Citigroup Global Markets Inc. and Credit Suisse Loan Funding LLC acted as Joint Lead Arrangers in connection with the Amendment.
About NRG Energy
At NRG, we’re bringing the power of energy to people and organizations by putting customers at the center of everything we do. We generate electricity and provide energy solutions and natural gas to more than 3.7 million residential, small business, and commercial and industrial customers through our diverse portfolio of retail brands. A Fortune 500 company, operating in the United States and Canada, NRG delivers innovative solutions while advocating for competitive energy markets and customer choice, and by working towards a sustainable energy future. More information is available at www.nrg.com. Connect with NRG on Facebook, LinkedIn and follow us on Twitter @nrgenergy, @nrginsight.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the federal securities laws. Such statements generally include the words “believes,” “plans,” “intends,” “targets,” “will,” “expects,” “suggests,” “anticipates,” “outlook,” “continues,” or similar expressions. Forward-looking statements include, without limitation, statements about the Direct Energy transaction and the anticipated timing thereof and NRG’s ability to satisfy the conditions with respect to such acquisition; NRG’s indebtedness, capital structure, plans, expectations, objectives and other future events, and views of economic and market conditions. NRG cautions that these statements are based on current estimates of future performance and are highly dependent upon a variety of factors, which could cause actual results to differ from these estimates. Among other risks and factors, NRG’s results are subject to general economic conditions, variation in demand from customers, the impact of geopolitical activity on the economy, continued market acceptance of NRG’s new product introductions, uncertainties with respect to the timing and terms of any disposition (including the timing of the Direct Energy transaction), the successful integration of acquisitions, restructurings, operating margin risk due to competitive pricing and operating efficiencies, supply chain risk, material and labor cost increases, tax reform, foreign currency fluctuations and interest rate risk. See NRG’s annual and quarterly reports filed with the Securities and Exchange Commission for further information regarding risk factors. NRG disclaims any obligation to publicly update or revise any forward-looking statements as a result of new information, future events or any other reason.
Investors:
Kevin L. Cole, CFA
609.524.4526
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Platform to simplify the commodity supply chain and enable growth of the logistics-heavy decentralized LNG-for-trucks business
EAST BRUNSWICK, N.J. & BANGALORE, India--(BUSINESS WIRE)--#LNG--Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting, and business process services company, today announced the successful implementation of a blockchain-based small-scale liquefied natural gas (ssLNG) trading/fulfillment platform for Uniper Global Commodities SE and its 100% LNG-for-trucks subsidiary Liqvis GmbH. Uniper SE is a leading international energy company headquartered in Germany.
The platform built in collaboration with Uniper utilizes a consortium model for all ssLNG market participants to help transform the trading market space resulting in market efficiencies and significant cost savings for traders.
Uniper selected Wipro to build the blockchain platform to address the complexity of the European ssLNG market. As a result of the implementation, commodity flow management is simplified in a market characterized by extensive manual and paper-based transactions and high operational cost. The platform implemented by Wipro involves multiple peer-to-peer trading cycle participants, enables order and supply placement, delivery of goods, validation of the state of goods and bill settlements. It further helps Uniper streamline trade by reducing turnaround time, effort and inefficiencies, enables scalability and brings visibility, transparency and trust in all stages of LNG trade. Strategically, it paves the way for Uniper to become the market maker for low-carbon modern supply of alternative fuels and decentralized energy solutions.
Dr. Grigory Shevchenko, Senior Account Manager Gas Supply and Origination, LNG Business Development, Uniper said, “Uniper’s strength is its customer-centricity, product creation and market development. Building upon that when we enter more downstream logistics-heavy markets, we encourage the use of innovative technologies to optimize our processes and operations. Blockchain will enable business volume growth without needing a lot of additional headcount to manage transactions. This will be true for us and our counterparts that will engage with Uniper through the paperless blockchain platform. The ssLNG trading platform provides for easy scalability and enhancements based on the growing marketplace. To achieve this, we jointly deployed the required building blocks such as security, distributed computing and node network.”
Sarat Chand, Vice President and EMEA Utilities Business Head, Wipro Limited said, “We are delighted to build and implement the Small Scale LNG blockchain platform for Uniper and support their initiative to promote LNG as an advanced and environmentally friendly fuel alternative. The platform helps Uniper’s LNG-for-trucks subsidiary Liqvis ensure that LNG is always available when and where it is needed and achieve price security through Uniper’s long-term LNG supply contracts and seamless supply chain execution. This is a landmark partnership between Wipro and Uniper. Our Utilities ETRM business competency combined with industry leading blockchain expertise has enabled Uniper to modernize its trading platform, reduce friction, improve process efficiency and simplify settlements in business processes.”
Krishnakumar N Menon, Vice President - Service Transformation and Blockchain Theme Leader, Wipro Limited said, “The trading/fulfillment platform for ssLNG market leverages blockchain to simplify the LNG trade process with greater efficiency, transparency and security. Smart contracts used in the platform automate processes such as demand creation, trade confirmation, shipment creation, bunkering, invoice generation and settlement, leading to lesser manual interventions. The blockchain-based platform benefits Uniper and its customers in their trade cycles by enabling digitization and exchange of documents; real-time sharing of information and alerts for an immutable audit trail of activities performed.”
Wipro is a recognized leader in implementing blockchain technology for its clients, providing strategic advisory and consulting services combined with a strong portfolio of industry solutions, platforms and patents paired with an ecosystem of technology partners, consortia, industry regulatory bodies, and academia. Wipro is committed to creating strong blockchain communities while developing talent for building extensive technology expertise across multiple leading blockchain platforms such as Hyperledger Fabric, Ethereum, Quorum, Corda, Multichain, Hyperledger Indy and Hyperledger Sawtooth. The company is also involved in a number of distributed ledger technology consortia and alliances including the Hyperledger project, the Ethereum Enterprise Alliance, the Energy Web Foundation and the Blockchain in Transport Alliance. To learn more, click here.
About Uniper
Uniper is a leading international energy company with around 11,500 employees and activities in more than 40 countries. With about 34 GW of installed generation capacity, Uniper is among the largest global power generators. Its main activities include power generation in Europe and Russia as well as global energy trading, including a diversified gas portfolio that makes Uniper one of Europe’s leading gas companies. In 2019, Uniper sold a gas volume of about 220 bcm. The company is headquartered in Düsseldorf, being the third-largest listed German utility. Under its new strategy, Uniper aims to become carbon-neutral in Europe by 2035.
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading information technology, consulting and business process services company that delivers solutions to enable its clients do business better. Wipro delivers winning business outcomes through its deep industry experience and a 360 degree view of “Business through Technology.” By combining digital strategy, customer centric design, advanced analytics and product engineering approach, Wipro helps its clients create successful and adaptive businesses. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, Wipro has a dedicated workforce of over 180,000 serving clients across 6 continents. For more information, please visit www.wipro.com.
Forward-looking and Cautionary Statements
The forward-looking statements contained herein represent Wipro’s beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipro’s control. Such statements include, but are not limited to, statements regarding Wipro’s growth prospects, its future financial operating results, and its plans, expectations and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, complete proposed corporate actions, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our business and industry. The conditions caused by the COVID-19 pandemic could decrease technology spending, adversely affect demand for our products, affect the rate of customer spending and could adversely affect our customers’ ability or willingness to purchase our offerings, delay prospective customers’ purchasing decisions, adversely impact our ability to provide on-site consulting services and our inability to deliver our customers or delay the provisioning of our offerings, all of which could adversely affect our future sales, operating results and overall financial performance. Our operations may also be negatively affected by a range of external factors related to the COVID-19 pandemic that are not within our control. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.
Shraboni Banerjee
Wipro Limited
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LONDON--(BUSINESS WIRE)--#AutomatedOilTankCleaningSystemMarketinEMEA--The automated oil tank cleaning system market in EMEA is expected to grow by USD 43.18 billion as per Technavio. This marks a significant market slow down compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of over 5%.
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https://www.technavio.com/report/automated-oil-tank-cleaning-system-market-industry-analysis
The market is driven by increasing investments in oil storage tanks. In addition, the increasing market for tank cleaning systems as a service is anticipated to boost the growth of the automated oil tank cleaning system market in EMEA.
The US is one of the largest consumers of crude oil produced in the Middle East and African countries. With the adoption of technologies such as hydraulic fracturing and horizontal drilling, there has been a surge in the production of shale oil in the US. This has significantly decreased the export and resulted in the oversupply of crude oil in most of the oil-producing countries. Hence, to accommodate this increased supply, oil-producing countries are increasing investments in expanding storage capacities and installing new tanks. This has increased the demand for automated oil tank cleaning systems, which is driving the growth of the market.
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Major Five Automated Oil Tank Cleaning System Companies in EMEA:
Alfa Laval AB
Alfa Laval AB operates its business through segments such as Energy, Food & Water, Marine, Greenhouse, and Operations & Other. The company offers a wide range of automatic oil tank cleaning systems. Alfa Laval GJ 7, Alfa Laval GJ BB, and Alfa Laval GJ 9 are some of its key offerings.
ARKOIL Technologies Nederland BV
ARKOIL Technologies Nederland BV operates its business through the Tank cleaning and oil recovery segment. The company provides an exclusive non-man entry steam-based tank cleaning and oil recovery system that is compliant with the highest international safety standards.
Butterworth Inc.
Butterworth Inc. operates its business through the Products segment. The company provides various oil tank cleaning machines and components such as K/SK/SSK tank cleaning machine, LT/FT tank cleaning machines, BC/FT tank cleaning machine, LTQ tank cleaning hoses, hoses, couplings, and accessories, etc.
Grupo Tradebe Medioambiente SL
Grupo Tradebe Medioambiente SL operates its business through the Waste management solutions segment. The company offers an exclusive non-man entry steam-based tank cleaning and oil recovery system that is unrivaled throughout the world and compliant with the highest international safety standards.
KMT International Inc.
KMT International Inc. operates its business through the Products segment. The company offers an automated tank cleaning system known as the MegaMacs system. It is a mobile, energy independent solution that is easily adaptable for local conditions and a variety of projects related to cleaning tanks, pits, etc.
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Automated Oil Tank Cleaning System Market Type Outlook (Revenue, USD Billion, 2020-2024)
Automated Oil Tank Cleaning System Market Application Outlook (Revenue, USD Billion, 2020-2024)
Automated Oil Tank Cleaning System Market Geography Outlook (Revenue, USD Billion, 2020-2024)
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.
Related Reports on Industrials Include:
Global Cryogenic Tanks Market – Global cryogenic tanks market by product (LNG, nitrogen, and others) and geography (APAC, Europe, MEA, North America, and South America).
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
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FRANKFURT, Germany--(BUSINESS WIRE)--MV Index Solutions GmbH (MVIS®) this week licensed the BlueStar Travel & Vacation Index (ticker: BTOURNTR) and the BlueStar Solar Energy Index (ticker: BSOLRNTR) to Migdal Mutual Funds, a leading Israeli issuer of ETFs and index mutual funds.
The BlueStar Travel & Vacation Index (ticker: BTOURNTR) tracks the 50 largest US-listed companies operating in industries such as: Hotels & Resorts, Airlines, Theme Parks, Cruises, and Casino Hotels. The index follows a modified market cap-weighting strategy to ensure diversification across the industries represented in the index.
The BlueStar Solar Energy Index (ticker: BSOLRNTR) tracks globally-listed companies that derive 50% or more of annual revenue or attribute 50% or more of operating assets to the development, production, or installation of solar energy and solar energy-related technologies. The index follows a modified market cap-weighting strategy.
“We are pleased to announce the licensing of the BTOURNTR and BSOLRNTR indices, two new indices that extend our product range, to Migdal Mutual Funds. The travel and vacation industry has been beleaguered by COVID-19 but represents an opportunity for investors to express a forward-looking view on underlying trends driving the growth of the travel and vacation industry that have propelled the industry over the years leading up to the outbreak of COVID-19,” said Joshua Kaplan, Global Head of Research at MV Index Solutions.
Joshua continued, “The Solar Energy industry is one of the fastest-growing segments within the alternative energy industry and we are pleased to bring to market our first index which is a pure-play index targeting the dynamic and evolving renewable energy segment.”
The BlueStar Travel and Vacation Index and the Bluestar Solar Energy Industry Index are calculated in US Dollars as net total return indices. Detailed information about each index is available on MV Index Solutions website.
Key Index Features
BlueStar Travel & Vacation Index (ticker: BTOURNTR)
Number of Components: 50
Base Date: 12/31/2015
Base Value: 100
Key Index Features
BlueStar Solar Energy Index (ticker: BSOLRNTR)
Number of Components: 24
Base Date: 12/31/2015
Base Value: 100
Note to Editors:
About MV Index Solutions - www.mvis-indices.com
MV Index Solutions (MVIS®) develops, monitors and licenses the MVIS Indices, a selection of focused, investable and diversified benchmark indices. The indices are especially designed to underlie financial products. MVIS Indices cover several asset classes, including equity, fixed income markets and digital assets and are licensed to serve as underlying indices for financial products. Approximately USD 17.54 billion in assets under management (as of 20 August 2020) are currently invested in financial products based on MVIS Indices. MVIS is a VanEck company.
Media
Séverine Thäsler-Jäger, MV Index Solutions
+49 (0)69 4056 695 53
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LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--TechnipFMC (NYSE: FTI) (PARIS: FTI) has been awarded a large(1) contract for Engineering, Procurement, Construction and Installation (EPCI) through a competitive contracting process, by Petrobras, the leader and operator of the Libra Consortium, which was formed by Petrobras, Shell Brasil, Total, CNPC, CNOOC Limited and Pré-sal Petróleo SA (PPSA), for the pre-salt Mero field, located in the Santos Basin (Brazil) at 2,100 meters deep.
The contract covers engineering, procurement, construction, installation and pre-commissioning of the infield rigid riser and flowlines for production, including the water alternate gas wells. It also comprises the installation and pre-commissioning of service flexible lines and steel tube umbilicals, as well as towing and hook up of the FPSO(2).
The Company will leverage synergies with the Mero 1 project Subsea EPCI, utilizing in-house rigid and flexible lay vessels and its significant local footprint in Brazil, including a spoolbase, logistics base and engineering capabilities. The offshore campaign is scheduled to start in 2022.
Arnaud Pieton, President Subsea at TechnipFMC, commented: “We are delighted to have been awarded another EPCI contract by the Libra Consortium, which reinforces the long-standing relationship between Petrobras and TechnipFMC. By executing and delivering this new flagship project, we are looking forward to supporting Petrobras’s ambition in the pre-salt region and contributing to the development of Brazil.”
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Important Information for Investors and Securityholders
Forward-Looking Statement
This release contains "forward-looking statements" as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. The words “believe”, “estimated” and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Such forward-looking statements involve significant risks, uncertainties and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. For information regarding known material factors that could cause actual results to differ from projected results, please see our risk factors set forth in our filings with the United States Securities and Exchange Commission, which include our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any of our forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except to the extent required by law.
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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
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Phillip Lindsay
Director Investor Relations (Europe)
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Media relations
Christophe Bélorgeot
Senior Vice President Corporate Engagement
Tel: +33 1 47 78 39 92
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Brooke Robertson
Public Relations Director
Tel: +1 281 591 4108
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DUBLIN--(BUSINESS WIRE)--The "Global Genset Rental Market (2020-2026): Market Forecast by Types, by KVA Rating, by Applications, by Prime Applications, by Verticals, by Region, and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.
The global genset rental market is anticipated to show robust growth during the forecast period on account of rising demand for reliable power supply from several verticals including manufacturing, utilities, and oil & gas segments. On account of projected growth in the construction sector, growing industrialization, and various government initiatives to boost infrastructure development in emerging economies, the rental genset market is anticipated to flourish over the coming years.
The massive coronavirus outbreak affecting almost all countries across the globe would hamper the demand for genset rental in the current year as a result of a decline in consumer demand leading to production cuts and oil & gas sector slump. However, demand would pick up pace post-2020 with the gradual opening of economies that were put under lockdown measures to curtail the spread of coronavirus and resumption of business activities moving towards full capacity utilization.
According to this research, Global Genset Rental Market is projected to grow at a CAGR of 10.6% during 2020-26. At present, Asia Pacific region accounts for the highest revenue share in the overall global genset rental market. Countries, such as China and India, contribute the major revenue share in the region owing to the rapid urbanization and growing infrastructure development activities across several verticals, which would drive the genset rental market growth over the coming years. Further, the Africa region also looks promising and would present lucrative opportunities for genset rental during the forecast period, mainly attributed to growing construction activities in the region and unreliable power supply from the grids.
The diesel genset rental segment accounted for the largest revenue share in the overall genset rental market globally in 2019 on the back of wide applications, various range of power rating variants, and high operational efficiency. However, gas gensets are expected to grow at a faster pace during the forecast period owing to rising environmental awareness and implementation of strict environmental norms by governments across several nations.
The report thoroughly covers the global genset rental market by types, kVA Rating, applications, prime applications, verticals, and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
Companies Mentioned
Key Topics Covered:
1. Executive Summary
2. Introduction
2.1 Report Description
2.2 Key Highlights of the Report
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3. Global Genset Rental Market Overview
3.1 Global Genset Rental Market Revenues, 2016-2026F
3.2 Global Genset Rental Market Industry Life Cycle
3.3 Global Genset Rental Market Porter's Five Forces Model
3.4 Global Genset Rental Market Ecosystem
3.5 Global Genset Rental Market Revenue Share, By Types, 2019 & 2026F
3.6 Global Genset Rental Market Revenue Share, By Applications, 2019 & 2026F
3.7 Global Genset Rental Market Revenue Share, By Regions, 2019 & 2026F
4. Global Genset Rental Market Dynamics
4.1. Impact Analysis
4.2. Market Drivers
4.3. Market Restraints
5. Global Genset Rental Market Trends
6. Asia Pacific Genset Rental Market Overview
7. Middle East Genset Rental Market Overview
8. Africa Genset Rental Market Overview
9. Europe Genset Rental Market Overview
10. North America Genset Rental Market Overview
11. Latin America Genset Rental Market Overview
12. Global Genset Rental Market Opportunity Assessment
13. Global Genset Rental Market Competitive Landscape
13.1 Global Genset Rental Market Revenue Share, By Company, 2019
13.1.1 Asia Pacific Genset Rental Market Revenue Share, By Company, 2019
13.1.2 Middle East Genset Rental Market Revenue Share, By Company, 2019
13.1.3 Africa Genset Rental Market Revenue Share, By Company, 2019
13.1.4 Europe Genset Rental Market Revenue Share, By Company, 2019
13.1.5 North America Genset Rental Market Revenue Share, By Company, 2019
13.1.6 Latin America Genset Rental Market Revenue Share, By Company, 2019
13.2 Global Genset Rental Market Competitive Benchmarking
13.2.1 Global Genset Rental Market Competitive Benchmarking, on Technical Parameters
14. Company Profiles
15. Key Strategic Recommendations
16. Disclaimer
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