SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation today announced a contribution of $1 million to the Lebanese Red Cross, in support of relief efforts under way to help those impacted by the devastating explosions that struck the Port of Beirut last week.

"We offer our heartfelt condolences to Lebanon and deepest sympathy to people who have lost loved ones,” said Chevron Executive Vice President Joe Geagea. "This donation is intended to support the work of the Lebanese Red Cross in providing much-needed assistance to those affected by this tragic incident.”

Chevron has had a presence in the Middle East since the 1930s and remains committed to the region and its people.

The contribution will support humanitarian aid and relief efforts being provided by the Lebanese Red Cross in Beirut.

Chevron Corporation (NYSE: CVX) is one of the world’s leading integrated energy companies. Through its subsidiaries that conduct business worldwide, the company is involved in virtually every facet of the energy industry. Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemicals and additives; generates power; and develops and deploys technologies that enhance business value in every aspect of the company’s operations. Chevron is based in San Ramon, Calif. More information about Chevron is available at www.chevron.com.

Sally Jones -- +44 560 109 1435

MINNEAPOLIS--(BUSINESS WIRE)--Westwood Professional Services, Inc. (Westwood) is proud to announce that Dani Nygren, PE, a civil project manager supporting wind development, was selected by Zweig Group as a 2020 Rising Star in multidiscipline engineering. Zweig reports that this was the most competitive year in the history of the award.

Nygren leads projects for Westwood’s top wind client. She has primary responsibility for overseeing the design and construction of their industry-leading wind portfolio. Her commitment to excellence continues to set the standard for civil engineering design practices in today’s clean energy economy. She became an associate of the firm in 2020. Nygren is an active member in Society of Women Engineers (SWE) - North Dakota State University Chapter and Women of Renewable Industries and Sustainable Energy (WRISE) - Twin Cities Chapter. She also serves on the leadership committee of Westwood’s Young Professionals group.

Zweig Group’s Rising Stars program recognizes professionals 40 years old or younger working in the United States who have shown exceptional technical capability, leadership ability, effective teaching or research, and/or public service benefiting the civil engineering profession, their employers, project owners, and/or society.

About Westwood Professional Services, Inc. (Westwood)

Westwood is a multi-disciplined national surveying and engineering services provider for private development, public infrastructure, wind energy, solar energy, energy storage, and electric transmission projects. Westwood was established in 1972 in Minneapolis, Minnesota and has grown to serve clients across the nation from multiple US offices. View more Westwood facts.

Awards

In 2020, Westwood received recognition on Zweig Group’s Best Firms to Work For and Hot Firms List. The firm is consistently ranked on industry top 25 lists and receives recognition for its involvement on award-winning projects nationwide.

Sarah Kopp
Brand Communications Coordinator
952-207-7606
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www.westwoodps.com

KENNESAW, Ga.--(BUSINESS WIRE)--Yamaha Rightwaters joined forces with Anderson Marine to re-power Keep the Tennessee River Beautiful’s (KTNRB’s) 25-foot aluminum work boat with a V MAX SHO^® 90 outboard. The organization, which works to preserve, improve and protect the 652-mile Tennessee River, will use the boat and outboard for cleanup missions during scheduled volunteer events going forward.

“The Tennessee River touches four states: Tennessee, Alabama, Mississippi and Kentucky. Its tributary rivers flow through North Carolina, Virginia and Georgia. Many communities along the river thrive on the recreation industry, and without good stewardship of this natural resource, those communities would struggle,” said Kathleen Gibi, Executive Director, KTNRB. “The team at Yamaha understands this connection. With the support of Yamaha Rightwaters, we have the ability to take our efforts to the next level.”

During KTNRB cleanup events, volunteers work together to pull trash from some of the more difficult areas to reach in the river. The boat and outboard are designed to travel into shallow areas, many of which collect trash after floods. KTRNB has collected 2,816 pounds of trash since receiving the boat in July. Since its founding, the organization has rallied nearly 1,500 volunteers to pull more than 113,000 pounds of trash from the river, with 48,000 pounds removed in 2019 alone.

"I love doing river cleanups with Keep the Tennessee River Beautiful,” said volunteer Amanda Watson of Lenoir City, Tenn. “One of my favorite parts of a clean up is riding on the boat and looking at the trash that we just pulled out of the water. It's such a gratifying feeling to know I've made an impact on cleaning up a river that I love.”

Yamaha Rightwaters began its support of Keep the Tennessee River Beautiful after meetings during the 2019 Bassmaster^® Classic in Knoxville, Tenn. Yamaha Rightwaters also sponsors KTNRB’s Ripple Effect Awards, which recognize the many individuals, groups, companies and organizations that work hard to improve and protect the Tennessee River and its tributaries.

“The Tennessee River is in Yamaha’s backyard, both in Tennessee and Georgia,” said John O’Keefe, Senior Specialist, Government Relations, Yamaha Marine U.S. Business Unit. “The health of this waterway is essential to many communities throughout the Tennessee Valley. Supporting Keep the Tennessee River Beautiful’s mission is a meaningful way for Yamaha Rightwaters to play a role in the preservation of this waterway. We look forward to seeing what the team will accomplish with the boat and outboard.”

For more information about Keep the Tennessee River Beautiful or to volunteer, please visit keeptnriverbeautiful.org.

Yamaha Rightwaters™ is a national sustainability program that encompasses all of Yamaha Marine’s conservation and water quality efforts. Program initiatives include habitat restoration, support for scientific research, mitigation of invasive species, the reduction of marine debris and environmental stewardship education. Yamaha Rightwaters reinforces Yamaha’s long-standing history of natural resource conservation, support of sustainable recreational fishing and water resources and Angler Code of Ethics, which requires pro anglers to adhere to principles of stewardship for all marine resources.

Yamaha Marine products are marketed throughout the United States and around the world. Yamaha Marine U.S. Business Unit, based in Kennesaw, Ga., supports its 2,400 U.S. dealers and boat builders with marketing, training and parts for Yamaha’s full line of products and strives to be the industry leader in reliability, technology and customer service. Yamaha Marine is the only outboard brand to have earned NMMA^®’s C.S.I. Customer Satisfaction Index award every year since its inception.

REMEMBER to always observe all applicable boating laws. Never drink and drive. Dress properly with a USCG-approved personal floatation device and protective gear.

© 2020 Yamaha Motor Corporation, U.S.A. All rights reserved.

This document contains many of Yamaha's valuable trademarks. It may also contain trademarks belonging to other companies. Any references to other companies or their products are for identification purposes only, and are not intended to be an endorsement.

Melissa Boudoux
Communications Manager
Yamaha Marine Engine Systems
Office: (770) 701-3269
Mobile: (404) 381-7593
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Neal Wheaton
Wilder+Wheaton for
Yamaha Marine Engine Systems
Mobile: (404) 317-0698
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DUBLIN--(BUSINESS WIRE)--The "New Zealand Solar Power Market Outlook to 2025" report has been added to ResearchAndMarkets.com's offering.

In the last decade, solar power capacity has grown tremendously to become the fastest-growing source of renewable energy in the world. However, in 2019, around 109 GW of new solar PV capacity was added worldwide, about the same as in 2018. The rapid installations were primarily due to policy support and a sharp decline in technology costs and growing environmental concerns.

However, with the economic downturn induced by the outbreak of COVID-19, demand from the residential PV segment will be severely affected due to the financial uncertainty faced by the customers. Commercial and industrial installations are expected to be negatively affected as discretionary spending will be delayed, and preserving short-term cash flow will become a priority. Further, in the utility segment, supply chain disruptions and weaker investment will lead to delays in project commissioning.

According to the report, despite the slowdown expected in 2020 due to the coronavirus pandemic's challenges, the outlook for solar remains strong in the medium term, and the market is expected to expand during the forecast period as the cost of generation from solar PV is increasingly becoming cheaper than its alternatives.

Report Scope

The report provides a comprehensive analysis on the historical development, the current state of solar power installation scenario, and its outlook. Most of the insights in the report are derived from our proprietary databases, and offerings. The insights include but are not limited to the market data, installation data and capacity additions data, policies and regulations, project data, company profiles, and competitive landscape analysis.

The report covers market dynamics, growth potential of the photovoltaic (PV) and concentrated solar power (CSP) markets, economic trends, and investment and financing scenario in New Zealand. Further, the report looks at the current state and assesses the potential of residential, non-residential, and utility-scale solar PV deployment.

Special attention is given to depicting the impact of the ongoing COVID-19 pandemic, national solar PV production/manufacturing scenario, and the country's imports and exports.

Key Topics Covered

1. Executive Summary

2. Research Scope and Methodology

3. Market Analysis

3.1 Introduction

3.2 Market Dynamics

3.2.1. Drivers

3.2.2 Restraints

3.3 Market Trends & Developments

3.4 Analysis of COVID-19 Impact

3.5 Market Opportunities

3.6 Key Projects

3.7 Government Policies and Regulations

4. Market Outlook

4.1 Annual Solar Power Installed Capacity, 2001-2025, in GW

4.2 Cumulative Solar Power Installed Capacity Forecast, 2001-2025, in GW

5. Business Activity Analysis

5.1 Supply Chain Analysis

5.2 PESTLE Analysis

6. Market Segmentation & Analysis

6.1 By Technology

6.1.1 Photovoltaic (PV)

6.1.2 Concentrated Solar Power (CSP)

6.2 PV Deployment by Segment

6.2.1 Residential

6.2.2 Non-Residential

6.2.3 Utility

7. Competitive Landscape

7.1 List of Notable Players in the Market

7.2 M&A, JVs, Partnerships and Agreements

7.3 Strategies of Key Players

8. Key Company Profiles

9. Conclusions and Recommendations

Companies Mentioned

• JinkoSolar Holding Co. Ltd.
• JA Solar Holdings
• Trina Solar Limited
• LONGi Solar
• Canadian Solar Inc.
• Hanwha Q Cells Co. Ltd.
• Risen Energy
• GCL System Integration Technology
• First Solar Inc.

For more information about this report visit https://www.researchandmarkets.com/r/lma8db

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
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For GMT Office Hours Call +353-1-416-8900

Partnership Brings Together Augury Predictive Diagnostics and DSV Global Supply Chain Management Capabilities to Create Integrated Diagnostics- and Parts-as-a-Service Capability

TEL-AVIV, Israel & NEW YORK--(BUSINESS WIRE)--Augury, a leading AI-based Machine Health solution provider, and DSV Air & Sea, a global supply chain leader, today announced a new partnership that integrates Augury’s predictive diagnostics for industrial equipment with DSV’s world-class logistics and shipping capabilities. Together the companies have created an industry-first offering that delivers Machine Diagnostics and Parts Logistics as an integrated service for industrial and manufacturing companies.

Customers utilizing both offerings can now have the predictive diagnostics alerts from Augury’s Machine Health solution trigger the delivery of required replacement parts via DSV’s global network. This integration ensures that the necessary parts are available for maintenance or repairs, reducing the need for customers to stock and manage spare parts for crucial equipment. The new offering provides customers increased value during their move towards condition-based monitoring, reducing costs and lost productivity associated with scheduled maintenance, while also mitigating unplanned downtime due to unexpected machine failures.

“Our goal is to offload as much of the logistics burden as possible from our customers so they can focus on doing what matters most – delivering the products and services their customers need,” said Ofir Bronhaim, Innovation Manager for DSV Israel. “Now in partnership with Augury we can extend that value deeper into the manufacturing process itself, helping customers improve supply chain resilience and reducing the costs associated with having to maintain inventories of spare parts and the risks of not being able to get the parts they need when they need them.”

“The value and scope of our Machine Health solutions continue to broaden for our customers,” said Amir Bahalul, Technical Solutions Lead for Innovation for Augury. “As we increase the insights and accuracy of our AI-driven diagnostics, our partners are establishing new ways to leverage those insights, creating opportunities to lower costs, reduce risk and deliver enhanced business value for our joint customers.”

Today, manufacturing and industrial companies are working to meet customer demand in the face of global supply chain challenges, balancing the need to control costs with the need to ensure production facilities are up and running whenever required, often with reduced staff onsite. The new solution from DSV and Augury helps meet these needs, letting customers gain benefits of Machine Health-as-a-service and outsource logistics for parts delivery and supply chain management. Customers can focus on their business production processes while DSV and Augury help ensure key production lines will be up and running.

DSV and Augury will work together to bring this solution to current and new customers, focusing on industries where production downtime has a direct impact on profitability, growth and customer satisfaction.

About Augury

Augury is building a world where people can always rely on the machines that matter. Augury supports its customers by enabling Digital Transformation through superior insights into the health and performance of the machines they use to make products, deliver services and improve lives. To learn more about Augury’s machine health solutions, visit http://www.augury.com.

About DSV

DSV Air & Sea is a Danish transport and logistics company offering transport services globally by road, air, sea and train. Since its foundation in 1976 by nine independent Danish hauliers, the company has achieved rapid expansion and international presence, predominantly through a series of strategic competitor acquisitions.

With headquarters in Hedehusene (near Copenhagen), Denmark, and offices in more than 80 countries, DSV Panalpina employs 60,000 people and collaborates with partners and agents globally.[1] The company is listed on NASDAQ OMX Copenhagen (Copenhagen Stock Exchange) and included in the OMXC25 index as one of the 25 most traded stocks.[2]

To learn more about DSV visit https://www.dsv.com/en

Sean Welch
Augury
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781-223-4767

Atlantic Shores Offshore Wind Will Gather Data on Endangered Bird Species to Help Inform Development Plans

BRIGANTINE, N.J.--(BUSINESS WIRE)--Atlantic Shores Offshore Wind (Atlantic Shores) has partnered with Dr. Larry Niles of the New Jersey-based Wildlife Restoration Partnerships (WRP), the U.S. Fish and Wildlife Service and professional wildlife research organization Normandeau Associates to research the movement of endangered red knots off the coast of New Jersey during their southbound migration.

Red knots, a state endangered and federally threatened shore bird, migrate each year from as far south as Tierra del Fuego, Argentina, stopping in the Delaware Bay to feast on horseshoe crab eggs before going to the Canadian Arctic to breed. Atlantic Shores and its partners are assessing whether, on their annual return trip south, red knots fly off the coast of New Jersey.

Starting this week, WRP will begin attaching satellite tags to 30 red knots as they stop in Brigantine Bay on their way south. The tags will allow a satellite to collect up to 60 pings of information on each bird’s precise location, flight path and varying altitude. Data will be collected near real-time as it is available via satellite and more comprehensively analyzed by researchers and Atlantic Shores over the coming months.

Atlantic Shores will use the data to support the development of an offshore wind project within its Lease Area, located 10-20 miles off the New Jersey coast, that will provide clean, renewable energy in a manner that minimizes and mitigates risk to these birds and the surrounding environment. Atlantic Shores has also committed to share their findings publicly to inform other researchers and offshore work.

“Building a truly green future requires that renewable energy projects are held to a high standard in terms of ecological impact,” said Larry Niles of New Jersey-based WRP. “I’m encouraged that Atlantic Shores approached me to launch this study, both to inform their plans for offshore wind in New Jersey and to further our knowledge of red knot migratory patterns. This is a great example of how private and public institutions can work together to improve the lives of people and the natural world around us.”

“Atlantic Shores leads with science. Proactive studies like these allow us to produce renewable energy based on cutting-edge, real-time environmental data,” said Jennifer Daniels, Atlantic Shores Development Director. “The red knots study is one of the many ways we intend to use data and insights from the scientific community to responsibly develop our Lease Area.”

About Atlantic Shores Offshore Wind, LLC:

Atlantic Shores Offshore Wind, LLC (Atlantic Shores) is a 50/50 partnership between Shell New Energies US LLC and EDF Renewables North America. The joint venture formed in December 2018 to co-develop a 183,353 acre Lease Area located approximately 10-20 miles off the New Jersey coast between Atlantic City and Barnegat Light. Atlantic Shores is strategically positioned to meet the growing demands of renewable energy targets in New York, New Jersey and beyond, with strong and steady wind resources close to large population centers with associated electricity demand. Atlantic Shores, once fully developed, has the potential to generate 2,500 MW of clean, renewable wind energy – enough to power nearly one million homes. The capital and expertise needed to develop such a large area is significant. Together, Shell and EDF Renewables have the investment capability and industry experience to bring this project to scale safely, efficiently and cost effectively. For more info, go to www.atlanticshoreswind.com.

Erin Dennis, This email address is being protected from spambots. You need JavaScript enabled to view it.
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TORONTO--(BUSINESS WIRE)--Toronto-based cleantech company EnergyX Solutions Inc. has raised an additional $1 million as it looks to accelerate its expansion into the U.S. Financing was led by BDC Capital’s Growth and Transition Capital division (BDC Capital) in the form of non-dilutive capital.

This new round brings the total amount raised by EnergyX to $5M in equity and non-dilutive financing since its inception in 2016.

EnergyX helps utilities run energy efficiency programs end-to-end. Through machine learning, customers with high energy savings potential are automatically identified, targeted and enrolled in utility energy efficiency programs. Customer communication and tracking is streamlined through an active dashboard that also provides insights into program performance. Utility organizations white-label the platform and roll it out to homes and businesses across North America with the objective to increase customer engagement, participation and streamline workflows in their energy efficiency programs.

Buildings account for thirty-six percent (36%) of global energy use and thirty-nine percent (39%) of energy-related carbon dioxide emissions annually. Improving buildings is the most straightforward way to reduce emissions — often with net economic benefit. The challenge in unlocking these savings is identifying the homes and buildings that are most in need of upgrades and deep retrofit opportunities. Using EnergyX’s Retrofit AI software, these buildings can be identified instantaneously and at scale. EnergyX estimates that if every home in North America used Retrofit AI, greenhouse gas emissions could be reduced by 10%.

“Energy efficiency remains the most cost-effective option to meet our climate change goals and support people who are battling high energy costs,” said Nishaant Sangaavi, CEO and Co-Founder of EnergyX Solutions, “We are excited to welcome BDC Capital as an investor in EnergyX. This recent round of financing will be instrumental in further accelerating our growth in North America and beyond.”

To date, EnergyX’s software tools have served 5 million homes across North America and its product suite has been proven and validated by professional engineering teams at government organizations, educational institutions and large utilities. In 2019, EnergyX was able to successfully expand within the U.S. market, and is currently providing its solution to utilities across California, Washington DC, Ohio and New England.

“We have a track record of investing in enterprise SaaS businesses and EnergyX Solutions fit our investment criteria perfectly - business software, a great product and impressive customer traction within a large addressable market that solves a significant global problem,” said Kyle Feucht, Director, Growth & Transition Capital at BDC Capital’s Toronto office. “EnergyX has strong leadership, a great team and we look forward to a long-term relationship with them,” added Kyle, who led the financing.

COVID-19 created an unprecedented need for utilities to rethink day-to-day processes and the way they manage relationships with customers. Organizations are seeking new tools to help them embrace a digital strategy, including remote work for employees and remote engagement with their customer base. EnergyX’s Retrofit AI solution optimizes on-site visits and minimizes truck-rolls by intelligently segmenting a customer base and streamlining incentive delivery. In a world where remote engagement and digital workflows have become paramount, EnergyX is helping energy organizations maximize employee and customer satisfaction by creating a data-driven and automated journey toward energy efficiency.

About EnergyX Solutions:

EnergyX Solutions Inc. is an AI-powered SaaS company that enables utilities to increase customer participation in energy efficiency programs while simultaneously lowering the utility’s cost to engage and serve a customer. Their MIT-award winning technology is white-label licensed by utilities and government organizations to help them engage customers, manage programs and hit energy efficiency targets. Visit www.energyxsolutions.com.

About BDC Capital:

BDC Capital is the investment arm of BDC - Canada’s only bank devoted exclusively to entrepreneurs. With more than $3 billion under management, BDC Capital serves as a strategic partner to the country’s most innovative firms. It offers a full spectrum of risk capital, from seed investments to transition capital, supporting Canadian entrepreneurs who wish to scale their businesses into global champions. Visit bdc.ca/capital.

Energy X Solutions
Angelica Pereira
Client Engagement Executive
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BDC Capital
Joanne Lajeunesse
Media Relations
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HOUSTON--(BUSINESS WIRE)--National Oilwell Varco, Inc. (NYSE: NOV) will hold a conference call to discuss its third quarter 2020 results on Tuesday, October 27, 2020 at 10 a.m. (Central Time). NOV will issue a press release with the Company’s results after the market closes for trading on Monday, October 26, 2020. The call will be webcast live on www.nov.com/investors.

About NOV

National Oilwell Varco (NYSE: NOV) is a leading provider of technology, equipment, and services to the global oil and gas industry that supports customers’ full-field drilling, completion, and production needs. Since 1862, NOV has pioneered innovations that improve the cost-effectiveness, efficiency, safety, and environmental impact of oil and gas operations. NOV powers the industry that powers the world.

Visit www.nov.com for more information.

Blake McCarthy (713) 815-3535

• New Puma Smart 2500 Battery extends Puma LE’s flight time by nearly 20 percent with up to 6.5 hours of endurance, delivering longer time on station, greater range, and maximizing its multi-mission capabilities
• Now compatible with Puma 2 AE, Puma 3 AE and Puma LE, the Puma Bungee Launch System (BLS) expands aircraft launch options and operational capabilities

SIMI VALLEY, Calif.--(BUSINESS WIRE)--$AVAV #AeroVironment--AeroVironment, Inc. (NASDAQ: AVAV), a global leader in unmanned aircraft systems (UAS), today announced the launch of two new Puma product line enhancement options that reinforce the company’s commitment to continuous improvement and expanding the operational capabilities of its family of tactical UAS. The newly announced product enhancement options are a result of AeroVironment’s collaboration with front-line users to develop innovative solutions that enable customers to proceed with certainty in ever-changing operational environments.

Puma Smart 2500 Battery – Puma LE

Available for Puma™ LE, the optional Puma Smart 2500 Battery allows operators to achieve an extended flight time of up to 6.5 hours. The increased endurance provides operators with greater time on station, maximizing Puma LE’s multi-mission capabilities across land and maritime environments. This high-energy-density, lithium-ion battery pack features an improved capacity of 24.5Ah (amp-hours) while retaining the size and form factor needed to be seamlessly integrated into Puma LE’s existing battery bay.

Puma Bungee Launch System (BLS)

AeroVironment’s Puma Bungee Launch System (BLS), a military-grade bungee launcher that is standard equipment with every Puma LE system, is now available as an enhancement option for Puma 2 AE and Puma 3 AE. The BLS allows for the assisted launch of Puma AE UAS in environmental conditions where hand launch is not practical or is limited. Designed with mission-flexibility in mind, the BLS can be securely installed in a variety of soil types or mounted to low, immovable objects. The lightweight and portable all-environment system can be set up and operational in less than 10 minutes.

“AeroVironment is committed to anticipating and delivering innovative solutions that are critical to tactical UAS operators downrange,” explains Rick Pedigo, vice president of sales and business development for AeroVironment. “These two new enhancement options will expand our customers’ operational capabilities, while maximizing operator safety and improving operational efficiency, allowing them to focus on the mission at hand.”

The Puma Bungee Launch System is currently available for order/delivery, and the Puma Smart 2500 Battery will be available for order/delivery before the end of the third quarter, calendar year 2020. For more information, visit www.avinc.com

About Puma LE

Delivering Group 2 capabilities in a Group 1 footprint, the AeroVironment Puma™ LE weighs only 23.5 pounds (10.7 kilograms), is launchable by hand or bungee and provides a dedicated secondary payload bay in addition to its Mantis i45 EO/IR sensor suite. When used with AeroVironment’s Puma Smart 2500 Battery and Long-Range Tracking Antenna (LRTA), flight endurance is expanded to 6.5 hours with an operational range of 37.3 miles (60 kilometers). Puma LE’s economical dual-case mission pack contains everything needed to perform two complete 6.5-hour missions with a single aircraft, optional Puma Smart 2500 Battery and Ground Control System (GCS). Puma LE utilizes plug and play, interoperable line-replaceable unit (LRU) components that can be shared with other Puma AE aircraft.

About AeroVironment Tactical UAS

The RQ-20A/B Puma™, Puma™ LE, RQ-11B Raven®, RQ-12A Wasp®, VAPOR® Helicopter, together with Quantix™ Recon, comprise AeroVironment’s family of tactical unmanned aircraft systems. This family of systems provides increased capability to the warfighter that gives ground commanders the option of selecting the appropriate aircraft based on the type of mission to be performed. This increased capability has the potential to provide significant force protection and force multiplication benefits to small tactical units and security personnel. AeroVironment provides logistics services worldwide to ensure a consistently high level of operational readiness. AeroVironment has delivered thousands of new and replacement tactical unmanned air vehicles to customers within the United States and to 50 allied governments.

About AeroVironment, Inc.

AeroVironment (NASDAQ: AVAV) provides customers with more actionable intelligence so they can proceed with certainty. Based in California, AeroVironment is a global leader in unmanned aircraft systems and tactical missile systems, and serves defense, government, and commercial customers. For more information, visit www.avinc.com.

Safe Harbor Statement

Certain statements in this press release may constitute "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from those expressed or implied. Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, our ability to perform under existing contracts and obtain additional contracts; changes in the regulatory environment; the activities of competitors; failure of the markets in which we operate to grow; failure to expand into new markets; failure to develop new products or integrate new technology with current products; and general economic and business conditions in the United States and elsewhere in the world. For a further list and description of such risks and uncertainties, see the reports we file with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For additional media and information, please follow us at:
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AeroVironment, Inc.
Makayla Thomas
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Mark Boyer
For AeroVironment, Inc.
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DUBLIN--(BUSINESS WIRE)--The "UAE Solar Power Market Outlook to 2025" report has been added to ResearchAndMarkets.com's offering.

In the last decade, solar power capacity has grown tremendously to become the fastest-growing source of renewable energy in the world. However, in 2019, around 109 GW of new solar PV capacity was added worldwide, about the same as in 2018. The rapid installations were primarily due to policy support and a sharp decline in technology costs and growing environmental concerns.

However, with the economic downturn induced by the outbreak of COVID-19, demand from the residential PV segment will be severely affected due to the financial uncertainty faced by the customers. Commercial and industrial installations are expected to be negatively affected as discretionary spending will be delayed, and preserving short-term cash flow will become a priority. Further, in the utility segment, supply chain disruptions and weaker investment will lead to delays in project commissioning.

According to the publisher, despite the slowdown expected in 2020 due to the coronavirus pandemic's challenges, the outlook for solar remains strong in the medium term, and the market is expected to expand during the forecast period as the cost of generation from solar PV is increasingly becoming cheaper than its alternatives.

Report Scope

The report provides a comprehensive analysis on the historical development, the current state of solar power installation scenario, and its outlook. Most of the insights in the report are derived from our proprietary databases, and offerings. The insights include but are not limited to the market data, installation data and capacity additions data, policies and regulations, project data, company profiles, and competitive landscape analysis.

The report covers market dynamics, growth potential of the photovoltaic (PV) and concentrated solar power (CSP) markets, economic trends, and investment and financing scenario in the UAE. Further, the report looks at the current state and assesses the potential of residential, non-residential, and utility-scale solar PV deployment.

Special attention is given to depicting the impact of the ongoing COVID-19 pandemic, national solar PV production/manufacturing scenario, and the country's imports and exports.

Key Topics Covered

1. Executive Summary

2. Research Scope and Methodology

3. Market Analysis

3.1 Introduction

3.2 Market Dynamics

3.2.1. Drivers

3.2.2 Restraints

3.3 Market Trends & Developments

3.4 Analysis of COVID-19 Impact

3.5 Market Opportunities

3.6 Key Projects

3.7 Government Policies and Regulations

4. Market Outlook

4.1 Annual Solar Power Installed Capacity, 2001-2025, in GW

4.2 Cumulative Solar Power Installed Capacity Forecast, 2001-2025, in GW

5. Business Activity Analysis

5.1 Supply Chain Analysis

5.2 PESTLE Analysis

6. Market Segmentation & Analysis

6.1 By Technology

6.1.1 Photovoltaic (PV)

6.1.2 Concentrated Solar Power (CSP)

6.2 PV Deployment by Segment

6.2.1 Residential

6.2.2 Non-Residential

6.2.3 Utility

7. Competitive Landscape

7.1 List of Notable Players in the Market

7.2 M&A, JVs, Partnerships and Agreements

7.3 Strategies of Key Players

8. Key Company Profiles

9. Conclusions and Recommendations

Companies Mentioned

• JinkoSolar Holding Co. Ltd.
• JA Solar Holdings
• Trina Solar Limited
• LONGi Solar
• Canadian Solar Inc.
• Hanwha Q Cells Co. Ltd.
• Risen Energy
• GCL System Integration Technology
• First Solar Inc.

For more information about this report visit https://www.researchandmarkets.com/r/b11yef

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
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DUBLIN--(BUSINESS WIRE)--The "Shale Gas Market Size, Share & Trends Analysis Report By Application (Industrial, Power Generation, Residential, Commercial, Transportation), By Region, And Segment Forecasts, 2020 - 2027" report has been added to ResearchAndMarkets.com's offering.

The global shale gas market size is expected to reach USD 131.1 billion by 2027, ascending at a CAGR of 8.5% over the forecast period.

Rising demand for cleaner combustion energy sources in several end-use applications is likely to drive the market over the forecast period.

Profitable production of shale gas, a natural gas trapped in shale formations, relies on accessible demand for it. It has technical characteristics that make it a very useful and flexible fuel, where the delivery infrastructure exists, and it has found uses in the building thermal sector, industrial thermal sector, and power generation. Recent macroeconomic shifts along with fuel supply competitive dynamics have caused the proportions to favor shale gas usage in power generation more and industrial usage less.

Shale gas contributes substantial energy to electricity generation and second only to coal in terms of the share of energy supply in global electricity generation. This share is expected to grow over the next few decades in response to the economic and environmental limits of coal generation, at least where natural gas is a viable alternative. This end-use application is expected to drive the market over the forecast period.

The shale gas supply chain includes production and processing, gas transmission and storage, and distribution to city gate, large volume customers, residential customers, and commercial customers. Development of hydraulic fracturing technology along with horizontal drilling technique is expected to boost economical production of shale gas, thereby strengthening the upstream segment of the supply chain.

Shale Gas Market Report Highlights

• North America occupied the largest market revenue share in 2019, with U.S. being the major contributor to the regional market. Abundant shale gas reserves along with development of advanced drilling technology are among the key factors influencing industry growth
• Potential shale gas resources in China are attracting huge investments from major market players all over the world in order to extract and produce unconventional gas from the reserves
• The power generation segment occupied the largest market share of 36.1% in 2019 owing to growing demand of natural gas in coal-to-gas electricity generation plants
• The transportation sector is estimated to witness a significant CAGR owing to increasing number of Compressed Natural Gas (CNG) fueled vehicles across the automotive industry.

Market Dynamics

Driver Analysis

• Advancement in drilling technology
• Abundant reserves

Restraint/ Challenges Analysis

• High production cost

Companies Mentioned

• Royal Dutch Shell PLC
• ConocoPhillips
• PetroChina Company Limited
• Exxon Mobil Corporation
• Chevron Corporation
• Chesapeake Energy Corporation
• Equinor ASA
• Repsol SA
• Southwestern Energy Company
• SINOPEC/Shs

For more information about this report visit https://www.researchandmarkets.com/r/dkdex4

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Backlog and Pipeline Increased to $40.8 Million

SOUTH BURLINGTON, Vt.--(BUSINESS WIRE)--The Peck Company Holdings, Inc. (NASDAQ: PECK) (the “Company” or “Peck”), a leading commercial solar engineering, procurement and construction (EPC) company, today announced the Company’s financial results for the second quarter ended June 30, 2020 (“Q2 2020”).

Key Highlights for Q2 2020

• Backlog and pipeline increased to $40.8 million
• Backlog increased to $26.0 million, from $21.5 million a year earlier
• Formed strategic Green Bond partnership with GreenBond Advisors to align capital for construction of new solar projects
• Chosen to work with one the northeast’s top solar developers for up to 50 MWs capacity in Maine

Green Bond Partnership with GreenBond Advisors

On April 22, 2020, Peck and GreenBond Advisors formed a strategic Green Bond partnership to align capital for construction of new solar projects. The partnership will acquire, build and own the new solar projects. The new investment partnership is designed to increase Peck’s access to capital for the construction of new solar projects and to scale its existing pipeline of new EPC business. Peck has partnered with GreenSeed Investors LLC and its affiliate GreenBond Advisors LLC to gain access to the rapidly growing Green Bond segment of the fixed income markets. Of note, this partnership provides Peck with access to project growth capital through additional EPC contract work from Green Bond proceeds while improving working capital and strengthening liquidity ratios.

GreenBond Advisors was recently formed to deliver financial product innovation into the Green Bond market. They have created a new Green Bond product that allows risk-adverse investment capital to be more easily directed into new green energy infrastructure development at an earlier stage of the project development cycle than is typically the case for existing Green Bonds. This innovation by Green Bond Advisors will provide Peck with a strategic advantage in the marketplace as an EPC company, because Peck can bring a level of funding certainty to developers for early stage projects that will meet the project performance criteria.

Management Commentary

The Peck Company Holdings Chairman of the Board and Chief Executive Officer, Jeffrey Peck, commented, “All companies have been impacted by the global Covid-19 pandemic, but we have continued to provide service and maintenance in support of critical infrastructure including utilities and telecommunications. The only major effect that occurred with our business is that certain ongoing development and new projects were pushed out 120-180 days, but none were cancelled. Our backlog and pipeline of $40 million is at its highest in Company history, including new opportunities in Maine for the first time. We anticipate that revenue growth will return and accelerate as we exit Covid-19 and return to some normalcy.”

Mr. Peck, continued, “We are extremely excited about our partnership with GreenBond Advisors and our differentiated strategy to access Green Bonds for development-stage solar projects. The team has been very busy marketing to existing and new relationships that are seeking to deploy capital in Green Bonds. The unique new endeavor enables us to accelerate our growth and become a part-owner of the solar project’s recurring cash flows without additional equity dilution to our shareholders and without incurring debt on our balance sheet.”

Mr. Peck, concluded, “Fortunately, we are slowly beginning our transition back to normalcy in our business environment. Ongoing projects have resumed operations and several projects that were delayed due to the pandemic, are expected to proceed in the near future. We believe that many factors have contributed to our perseverance through difficult times in the past and present and can also provide confidence for the future. The combination of the solar industry’s resilience, our fiscal responsibility, our strong customer relationships, and the tenacity of our employees to complete the projects that we start are all reasons for all of us at Peck to be proud and grateful.”

Financial Results for the Three Months Ended June 30, 2020

Revenue for the three months ended June 30, 2020 was $2.8 million, a decrease of $3.5 million, or 56%, compared to $6.3 million for the three months ended June 30, 2019. Due to the Stay at Home orders put in place by the State of Vermont, the Company was unable to complete or begin several projects due to the current COVID-19 pandemic. The Company anticipates that these projects will resume or commence once the current Vermont Stay at Home orders are lifted or relaxed which is scheduled to occur on August 15, 2020.

Backlog at June 30, 2020 was $26 million, compared to the corresponding period in 2019 of $21.5 million. The Company expects to realize nearly all of the backlog within the next 12 months.

Gross profit for the three months ended June 30, 2020 was $0.0 million, a decrease of $1.7 million, or 100%, compared to $1.7 million for the three months ended June 30, 2019. The resulting gross margin was 0.0% for the three months ended June 30, 2020, compared to 27.1% for the three months ended June 30, 2019. Lower gross margin for the three months ended June 30, 2020 was the result of maintaining our labor force during the uncertainty of the COVID-19 pandemic. The Company was able to secure a loan through the CARES Act Payroll Protection Program to support our workforce.

General and administrative expenses for the three months ended June 30, 2020 were $0.9 million, an increase of $0.1 million, or 13%, compared to $0.8 million for the three months ended June 30, 2019. General and administrative expense increased primarily due to activities related to administrative expenses, consisting of accounting and legal fees, costs of becoming a public company, additional business development and investor/public relations expenses, as well as supporting infrastructure expansion in the three months ended June 30, 2020, compared to the three months ended June 30, 2019.

Warehousing and other operating expenses for the three months ended June 30, 2020 were $0.2 million, a decrease of $0.3 million, or 66%, compared to $0.5 million for the three months ended June 30, 2019. Warehousing and other operating expenses include Company-owned solar array depreciation and salaries associated with Company-owned solar arrays, general warehousing costs, project-related travel and performance related expenses.

Operating loss for the three months ended June 30, 2020 was $1.0 million, compared to an operating income of $0.4 million for the three months ended June 30, 2019. The decrease in operating income was the result of a lack of revenue generated from operations due to the uncertainty of the COVID-19 pandemic and the Stay at Home orders issued in the State of Vermont, as well as the additional expense of being a publicly listed company.

Depreciation expenses for the three months ended June 30, 2020 were $0.2 million, compared to $0.2 million for the three months ended June 30, 2019. Depreciation expenses were stable when compared to the three months ended June 30, 2019 as the Company has not had significant capital expenditures for the three months ended June 30, 2020.

Income tax benefit for the three months ended June 30, 2020 was $0.3 million compared to the income tax provision for the three months ended June 30, 2019 of $1.5 million.

Net loss for the three months ended June 30, 2020 was $0.8 million, a decrease of $0.3 million, or 28%, compared to a net loss of $1.2 million for the there months ended June 30, 2019. The net loss was the result of a lack of revenue generated from operations due to the uncertainty of the COVID-19 pandemic and the Stay at Home orders issued in the State of Vermont. The resulting earnings per share (EPS) for the three months ended June 30, 2020 was a loss of ($0.16) per diluted share, compared to a loss of ($0.33) for the three months ended June 30, 2019.

Adjusted EBITDA for the three months ended June 30, 2020 was a loss of $0.9 million, compared to income of $0.7 million for the three months ended June 30, 2019.

Adjusted EPS for the three months ended June 30, 2020 was a loss of ($0.17), compared to a profit of $0.19 for the three months ended June 30, 2019.

Financial Results for the Six Months Ended June 30, 2020

Revenue for the six months ended June 30, 2020 was $6.8 million, a decrease of $3.3 million, or 33%, compared to $10.1 million for the six months ended June 30, 2019.

Gross profit for the six months ended June 30, 2020 was $0.3 million, a decrease of $2.3 million, or 88%, compared to $2.6 million for the six months ended June 30, 2019. The resulting gross margin was 5.0% for the six months ended June 30, 2020, compared to 26.0% for the six months ended June 30, 2019.

General and administrative expenses for the six months ended June 30, 2020 were $1.5 million, an increase of $0.5 million, or 50%, compared to $1.0 million for the six months ended June 30, 2019.

Warehousing and other operating expenses for the six months ended June 30, 2020 were $0.4 million, a decrease of $0.3 million, or 49%, compared to $0.7 million for the six months ended June 30, 2019.

Operating loss for the six months ended June 30, 2020 was $1.5 million, compared to an operating income of $0.8 million for the six months ended June 30, 2019.

Depreciation expenses for the six months ended June 30, 2020 were $0.3 million, compared to $0.3 million for the six months ended June 30, 2019. Depreciation expenses were stable when compared to the six months ended June 30, 2019 as the Company has not had significant capital expenditures for the six months ended June 30, 2020.

Income tax benefit for the six months ended June 30, 2020 was $0.4 million compared to the income tax provision for the six months ended June 30, 2019 of $1.5 million.

Net loss for the six months ended June 30, 2020 was $1.3 million, compared to a net loss of $0.8 million for the six months ended June 30, 2019. The resulting earnings per share (EPS) for the six months ended June 30, 2020 was a loss of ($0.24) per diluted share, compared to a loss of ($0.23) for the six months ended June 30, 2019.

Adjusted EBITDA for the six months ended June 30, 2020 was a loss of $1.2 million, compared to income of $1.3 million for the six months ended June 30, 2019.

Adjusted EPS for the six months ended June 30, 2020 was a loss of ($0.23), compared to a profit of $0.39 for the six months ended June 30, 2019.

The reconciliations of EBITDA, Adjusted EBITDA to net (loss) income, the most directly comparable financial measure calculated and presented in accordance with GAAP, are shown in the table below:

Certain Non-GAAP Measures

We periodically review the following key non-GAAP measures to evaluate our business and trends, measure our performance, prepare financial projections and make strategic decisions.

EBITDA, Adjusted EBITDA and Earnout Adjusted EBITDA

Included in this presentation are discussions and reconciliations of earnings before interest, income tax and depreciation and amortization (“EBITDA”) and EBITDA adjusted for certain non-cash, non-recurring or non-core expenses (“Adjusted EBITDA”) to net income in accordance with GAAP. Adjusted EBITDA excludes certain non-cash and other expenses, certain legal services costs, professional and consulting fees and expenses, and one-time business combination expenses and certain adjustments. We believe that these non-GAAP measures illustrate the underlying financial and business trends relating to our results of operations and comparability between current and prior periods. We also use these non-GAAP measures to establish and monitor operational goals.

These non-GAAP measures are not in accordance with, or an alternative to, GAAP and should be considered in addition to, and not as a substitute or superior to, the other measures of financial performance prepared in accordance with GAAP. Using only the non-GAAP financial measures, particularly Adjusted EBITDA, to analyze our performance would have material limitations because such calculations are based on a subjective determination regarding the nature and classification of events and circumstances that investors may find significant. We compensate for these limitations by presenting both the GAAP and non-GAAP measures of our operating results. Although other companies may report measures entitled “Adjusted EBITDA” or similar in nature, numerous methods may exist for calculating a company’s Adjusted EBITDA or similar measures. As a result, the methods that we use to calculate Adjusted EBITDA may differ from the methods used by other companies to calculate their non-GAAP measures.

About The Peck Company Holdings, Inc.

Headquartered in South Burlington, VT, The Peck Company Holdings, Inc. is a 2nd-generation family business founded in 1972 and rooted in values that align people, purpose, and profitability. Ranked by Solar Power World as one of the leading commercial solar contractors in the Northeastern United States, the Company provides EPC services to solar energy customers for projects ranging in size from several kilowatts for residential properties to multi-megawatt systems for large commercial and utility scale projects. The Company has installed over 125 megawatts worth of solar systems since it started installing solar in 2012 and continues its focus on profitable growth opportunities. Please visit www.peckcompany.com for additional information.

Forward Looking Statements

This press release includes 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, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, effective tax rate, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.

The forward-looking statements included in this press release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the risk factors described from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.

All forward-looking statements included in this press release are based on information currently available to us, and we assume no obligation to update any forward-looking statement except as may be required by law.

Michael d’Amato
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p802-264-2040

ClearThink
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HOUSTON--(BUSINESS WIRE)--#energymarketing--Northland Power Inc. (Northland), a power producer dedicated to developing, building, owning and operating clean and green infrastructure assets in Canada, Europe (and other global jurisdictions), has selected PCI’s industry-leading ETRM cloud software platform to optimize energy trading and wholesale operations as a Qualified Supplier in the Mexico Wholesale Electricity Market (MEM).

PCI’s ETRM platform will help optimize Northland’s existing pipeline of renewable energy resources and energy supply contracts as a Qualified Supplier to achieve the following business benefits:

• Efficiency through automation; providing staff with more time for value-add activities
• Enhanced strategic decision-making and risk mitigation based on more accurate and timely information
• Reduced operational and marketing risk using in-depth position management
• Greater precision and speed in revenue accounting and back-office operations
• Scalable marketing functionality to meet both current and future strategies

Morgan Tarves, Senior Director at Northland Power, stated, “We wanted to select an experienced, established vendor with a robust platform to maximize value for our customers. After an in-depth evaluation, we found PCI to have the most comprehensive offering for our immediate and future business requirements.”

Shailesh Mishra, PCI Vice President, noted, “We value Northland’s trust in our software platform and our experience with similar customers in Mexico. With this partnership, PCI further strengthens its position as the preeminent software provider for large global renewable power companies.”

PCI’s Platform comes out-of-the-box with all the required data interfaces, embedded analytics, business process automation, open data, and risk reporting capabilities that offer unparalleled “end-to-end” support for front, mid, and back-office business functions. PCI’s Platform is utilized by companies representing more than 80% of the power generation capacity in Mexico’s wholesale market. Clients include CFE, Iberdrola, Naturgy, ATCO Power, Ammper Energía, and others.

About Power Costs, Inc. (PCI)

PCI is the leading provider of energy management software, superior customer support, and value-added services for energy-focused companies. Founded in 1992, PCI continues to refine and develop new software solutions that meet the evolving needs of its clients, which include investor-owned, municipal and cooperative utilities, independent power producers, as well as energy marketing and trading organizations worldwide. PCI optimizes power portfolios representing:

• More than 60% of the generation capacity in the U.S
• Over 70% of Fortune 500 Energy & Utility firms in the U.S.
• More than 80% of the generation capacity in Mexico

PCI is a privately held company based in Norman, Oklahoma with offices in Houston (TX), Raleigh (NC), and Mexico City. To learn more, please visit our company website.

About Northland Power

Northland is a global developer, owner and operator of sustainable infrastructure assets that deliver predictable cash flows. Headquartered in Toronto, Canada, Northland was founded in 1987 and has been publicly traded since 1997 on the Toronto Stock Exchange (TSX: NPI).

Northland owns or has an economic interest in 2,681 MW (net 2,266 MW) of operating generating capacity and 130 MW of generating capacity under construction, representing the La Lucha solar project in Mexico. Northland also owns a 60% equity stake in the 1,044 MW Hai Long projects under development in Taiwan and operates a regulated utility business in Colombia.

Northland's common shares, Series 1, Series 2 and Series 3 preferred shares trade on the Toronto Stock Exchange under the symbols NPI, NPI.PR.A, NPI.PR.B, NPI.PR.C, respectively.

To learn more, please visit our company website.

Stuart Wright, Director
Power Costs, Inc. (PCI)
+1-303-917-3565
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All-Stock Transaction Provides Scale and Operating Efficiencies to Accelerate Revenue Growth and Margin Expansion

Conference Call Scheduled for Today at 5:30 p.m. ET

SOUTH BURLINGTON, VT and ROSEVILLE, CA--(BUSINESS WIRE)--The Peck Company Holdings, Inc. (NASDAQ: PECK) ( “Peck”), a leading commercial solar engineering, procurement and construction (EPC) company and Sunworks, Inc. (NASDAQ: SUNW) (“Sunworks”), a provider of solar power solutions for agriculture, commercial and industrial (“ACI”), public works and residential markets, today announced that they have entered into a definitive agreement under which Peck will acquire Sunworks in an all-stock transaction, pursuant to which each share of Sunworks common stock will be exchanged for 0.185171 shares of Peck common stock (subject to certain adjustments). Assuming no adjustments, Sunworks’ stockholders would receive an aggregate of approximately 3,079,207 shares of Peck common stock, representing approximately 36.54% of Peck common stock outstanding after the merger.

Merger Rationale and Highlights

• Combination creates a national leader with a coast-to-coast presence poised to capitalize on significant cost synergies.
• Improves scale and strengthens national presence, with pro forma revenue of $88 million if the companies had been combined in 2019, and a combined backlog of $76.8 million if the companies had been combined as of June 30, 2020.
• Management has identified approximately $6 million in anticipated annualized cost synergies, including supply chain management leverage, redundant public company costs and various operating expenses.
• The transaction is expected to be accretive to earnings and free cash flow after integration synergies have been implemented.
• Combined company will have significantly expanded addressable market to leverage Sunworks’ core capabilities in agriculture and public works.
• Combination leverages Peck’s strategic partnership with GreenBond Advisors to provide project development and financing to fuel growth and solar project ownership improving the conversion of Sunworks’ pipeline and expanding its addressable market.
• Peck and Sunworks installed a combined 62,973kW in 2019, which would rank 41^st overall and would be the 16^th largest EPC contractor based on the latest Sun Power World ranking list.

Management Commentary

Jeffrey Peck, Chairman of the Board and Chief Executive Officer of Peck, commented, “This is a transformational combination, leveraging the respective strengths of the two organizations and creating a national leader in the fast-growing and resilient solar energy industry. It provides Peck expansion, scale, an enhanced financial profile and a stronger platform from which we can continue to build more solar projects. Our integration with Sunworks will extend our presence to the west coast and broaden our offerings to agriculture and public works. The transaction solidifies our three-pronged growth strategy that we announced a year ago when we listed on Nasdaq through a SPAC merger. Since we have been public, we (1) delivered organic growth of revenue from $16 million to $28 million in the first year, (2) partnered with GreenBond Advisors to access capital that provides EPC revenue as well as asset ownership in the solar projects we build for the partnership, and now (3) we are delivering on the third prong of our strategy with an exciting accretive acquisition. We have been focused on executing these important initiatives for our shareholders and expect the acquisition of Sunworks to provide many more opportunities for long term growth and profitability.”

Chuck Cargile, Chairman of the Board and Chief Executive Officer of Sunworks, added, “By joining with Peck, our vision for spreading clean solar energy throughout the U.S. is amplified and expanded. Peck has demonstrated the ability to grow revenue and maintain profitability, and we believe that the combination of our teams, customers, projects and partners will materially accelerate revenue growth and earnings. Peck’s strong partnership with GreenBond Advisors will allow us to offer financing to a broader range of customers and increase our addressable market. Additionally, our expanded scale will enable us to source solar panels and equipment through Peck’s established relationships at lower costs, benefiting our profit margins. Being part of Peck’s platform is exciting, and in the best interest of Sunworks shareholders, customers, business partners and employees.”

Transaction Details

The transaction is expected to close during the fourth quarter of 2020, subject to approval by shareholders of both companies and other customary closing conditions.

The Board of Directors of Peck and Sunworks have each unanimously voted in favor of the definitive transaction agreement.

As part of the agreement, after the transaction closes, Jeff Peck will continue as Chairman of the Board and Chief Executive Officer of the combined company. The Board of Directors of the combined company will be comprised of four members of the Peck Board of Directors and three members appointed by the Sunworks Board of Directors. Because the combined company will be in competition with SunPower Corporation in some markets, Doug Rose, who is also a Vice President at SunPower Corporation, has resigned from the Board of Directors of Peck to avoid conflicts of interests.

Roth Capital will be acting as financial advisor to Peck and Merritt and Merritt is serving as its legal counsel.

Holthouse Carlin & Van Trigt LLP is acting as financial advisor to Sunworks and Stradling Yocca Carlson & Rauth, P.C. is acting as its legal counsel.

Conference Call to Discuss the Transaction:

To Access Slide Presentation and Webcast: https://www.webcaster4.com/Webcast/Page/2298/36374

About The Peck Company Holdings, Inc.

Headquartered in South Burlington, VT, The Peck Company Holdings, Inc. (NASDAQ: PECK) is a 2nd-generation family business founded in 1972 and rooted in values that align people, purpose, and profitability. Ranked by Solar Power World as one of the leading commercial solar contractors in the Northeastern United States, Peck provides EPC services to solar energy customers for projects ranging in size from several kilowatts for residential properties to multi-megawatt systems for large commercial and utility scale projects. Peck has installed over 160 megawatts worth of solar systems since it started installing solar in 2012 and continues its focus on profitable growth opportunities. Please visit www.peckcompany.com for additional information.

About Sunworks, Inc.

Sunworks, Inc. (NASDAQ: SUNW) is a premier provider of high performance solar power systems. Sunworks is committed to quality business practices that exceed industry standards and uphold its ideals of ethics and safety. Sunworks continues to grow its presence, expanding nationally with regional and local offices. Sunworks strives to consistently deliver high quality, performance-oriented solutions for customers in a wide range of industries including agricultural, commercial and industrial, state and federal, public works, and residential. Sunworks’ diverse, seasoned workforce includes veterans who bring a sense of pride, discipline, and professionalism to their interaction with customers. All Sunworks’ employees uphold its guiding principles each day. Sunworks is a member of the Solar Energy Industries Association (SEIA) and is a proud advocate for the advancement of solar power. For more information, visit www.sunworksusa.com

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about (i) the benefits of the proposed merger, including future financial and operating results, cost savings and synergies, effects on cash flow, market accessibility, financing opportunities, enhancements to revenue and accretion to reported earnings that may be realized from the proposed merger; (ii) Peck’s and Sunworks’ plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts; and (iii) other statements identified by words such as “expects” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “targets,” “projects,” or words of similar meaning generally intended to identify forward-looking statements. These forward-looking statements are based upon the current beliefs and expectations of the respective management of Peck and Sunworks and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the control of Peck and Sunworks. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Actual results may differ materially from the anticipated results discussed in these forward-looking statements because of possible uncertainties.

Any financial projections in this press release are forward-looking statements that are based on assumptions that are inherently subject to significant uncertainties and contingencies, many of which are beyond Peck’s and Sunworks’ control. The assumptions and estimates underlying the projected results are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the projections. The inclusion of projections in this filing should not be regarded as an indication that Peck and Sunworks, or their representatives, considered or consider the projections to be a reliable prediction of future events.

Annualized, pro forma, projected and estimated numbers are used for illustrative purpose only, are not forecasts and may not reflect actual results.

The following factors, among others, could cause actual results to differ materially from the anticipated results or other expectations expressed in the forward-looking statements: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the definitive transaction agreement or the failure to satisfy the closing conditions; (2) the businesses of Peck and Sunworks may not be combined successfully, or such combination may take longer, be more difficult, time-consuming or costly to accomplish than expected; (3) the expected growth opportunities or cost savings from the proposed merger may not be fully realized or may take longer to realize than expected; (4) risks that the merger and other transactions contemplated by the definitive transaction agreement disrupt current plans and operations that may harm the parties’ businesses; (5) the amount of any costs, fees, expenses, impairments and charges related to the merger; (6) uncertainty as to the effects of the announcement or pendency of the merger on the market price of the parties’ respective common stock and/or on their respective financial performance; (7) uncertainty as to the long-term value of Peck’s and Sunworks’ common stock; (8) the ability of Peck and Sunworks to raise capital from third parties to grow their business; (9) operating costs, loss of customers and business disruption following the proposed merger, including adverse effects on relationships with employees and customers, may be greater than expected; (10) the stockholders of Peck or Sunworks may fail to approve the proposed merger; (11) economic, competitive, regulatory, environmental and other factors may adversely affect the businesses in which Peck and Sunworks are engaged; and (12) the impact of COVID-19 and the related federal, state and local restrictions on each of Peck’s and Sunworks’ operations and workforce, the impact of COVID-19 and such restrictions on customers of Peck and Sunworks, and the impact of COVID-19 on the supply chain and availability of shipping and distribution of each of Peck and Sunworks. Additional factors that could cause actual results to differ materially from those expressed in the forward-looking statements are discussed in Peck’s and Sunworks’ reports (such as Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K) filed with the SEC and available on the SEC’s Internet site (http://www.sec.gov).

No Offer or Solicitation

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval with respect to the proposed merger or otherwise. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended, and no offer to sell or solicitation of an offer to buy shall be made in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Additional Information and Where to Find It

In connection with the proposed merger, Peck will file with the SEC a registration statement on Form S-4 (the “Registration Statement”) that will include a joint proxy statement of Peck and Sunworks and a prospectus of Peck (the “Joint Proxy Statement”), and each of Peck and Sunworks may file with the SEC other relevant documents concerning the proposed merger. The definitive Joint Proxy Statement will be mailed to stockholders of Peck and Sunworks. Stockholders and investors are urged to read the Registration Statement and the Joint Proxy Statement regarding the proposed merger carefully and in their entirety when they become available and any other relevant documents filed with the SEC by Peck and Sunworks, as well as any amendments or supplements to those documents, because they will contain important information about Peck, Sunworks, and the proposed merger.

Free copies of the Joint Proxy Statement, as well as other filings containing information about Peck and Sunworks, may be obtained at the SEC’s website, www.sec.gov, when they are filed. Stockholders and investors will also be able to obtain these documents, when they are filed, free of charge, by directing a request to The Peck Company Holdings, Inc., 4050 Williston Road, #511 South Burlington, Vermont 05403, Attention: Corporate Secretary, or by calling (802) 658-3378, or to Sunworks, Inc., 1030 Winding Creek Road, Suite 100, Roseville CA 95678, Attention: Corporate Secretary, or by calling (916) 409-6900, or by accessing Peck’s website at www.peckcompany.com under the “Company – Investors” tab or by accessing the Sunworks’ website at www.sunworksusa.com under the “Investor Relations” tab.

Participants in the Solicitation

Peck, Sunworks, and their respective directors, and certain of their executive officers and employees may be deemed to be participants in the solicitation of proxies from the stockholders of Peck and Sunworks in connection with the proposed merger. Information about Peck’s directors and executive officers is available in its Annual Report on Form 10-K for the fiscal year ended December 31, 2019, which was filed with the SEC on April 14, 2020, and information about Sunworks’ directors and executive officers is available in its proxy statement for its 2020 annual meeting of stockholders, which was filed with the SEC on July 8, 2020. Information regarding all of the persons who may, under the rules of the SEC, be deemed participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the Joint Proxy Statement regarding the proposed merger and other relevant materials to be filed with the SEC when they become available. Free copies of these documents may be obtained as described in the preceding paragraph.

The Peck Company Holdings Investor Contacts:
Michael d’Amato
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p802-264-2040

ClearThink
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Sunworks Investor Contact:
Rob Fink
FNK IR
p646-809-4048
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Manzanillo International Terminal marks successful deployment of Tideworks’ latest TOS, Mainsail 10

SEATTLE--(BUSINESS WIRE)--Tideworks Technology® Inc. (Tideworks), a full-service provider of comprehensive terminal operating system (TOS) solutions, today announced the go-live of its new marine TOS solution, Mainsail 10 at Manzanillo International Terminal (MIT) in Panama. Tideworks engineered Mainsail 10 to provide terminal operators with increased flexibility and a TOS solution that can seamlessly integrate and scale to adapt to changing operational needs. The go-live at MIT is the company’s first deployment of Mainsail 10.

Mainsail 10 was developed with the evolving global supply chain in mind. The new solution provides rapid access to and management of real-time data to improve decision making and increase the flow of cargo through the terminal, while also reducing costs. The new TOS is highly configurable and customizable – allowing terminal operators to create individualized user experiences and powerful ad-hoc reports that meet their specific needs. Additionally, the solution integrates with back-office accounting and ERP systems among other third-party technologies.

“We are thrilled to introduce our next-generation TOS that will offer a strategic advantage to terminal operators worldwide,” said Thomas Rucker, president of Tideworks. “The successful go-live of Mainsail 10 at MIT is the first deployment of our latest marine TOS and signifies another milestone in our long-term partnership with MIT. Mainsail 10 provides terminal operators with an extremely flexible, world-class TOS platform that enables growth and enhanced efficiencies.”

Throughout the design and development of Mainsail 10, Tideworks worked closely with its terminal operator customers and stakeholders to create a next-generation TOS platform informed by historical industry insight.

“We have had an opportunity to experience Mainsail 10 and found that it is extremely intuitive and responsive,” said Stacy Hatfield, general manager at Manzanillo International Terminal (MIT). “Our team collaborated closely with Tideworks to successfully deploy the platform. We have also begun integrating Mainsail 10 with the variety of third-party tools and technologies in use at MIT to increase efficiency across the terminal.”

Key features and benefits of Mainsail 10 include:

• Highly Configurable User Experience. Administrators can increase the speed of their go-live efforts, ensuring their data conversation is smooth, efficient and successful. The configurable user experience reduces the learning curve for new users and increases efficiency for experienced operators.
• Unprecedented System Command. Mainsail 10 is built to offer operational adaptability from role-based permissions to end-user preferences. Users can customize data fields and search results to streamline terminal operations and avoid bottlenecks.
• Intelligent Third-Party Integration. The new TOS supports necessary third-party integrations including community port systems, scales, OCR, LPR and RFID technologies.
• High Performing. Users can easily update multiple cargo records in a single mass edit saving terminal operators and their customers valuable time and resources.
• Responsive Design. The responsive design keeps terminal operators in control and connected across all teams and Wi-Fi enabled devices.
• Powerful Reporting. Mainsail 10 allows terminal operators to communicate effectively with stakeholders through the platform’s fast, accurate, preconfigured and custom reporting capabilities. Mainsail 10 easily interfaces with a variety of business-critical tools, including Tideworks Insight®.

Leading up to the go-live at MIT, Tideworks provided implementation services including project management, software configuration and installation, integration services, user training and go-live assistance. Tideworks will continue to offer ongoing maintenance and support services, which include 24/7 technical support and software upgrades.

Mainsail 10 went live at MIT in August 2020.

About Tideworks Technology

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

AnnMarie Henriksson
Communiqué PR for Tideworks Technology
206-282-4923 x119
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BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities Inc. (NYSE: WTRG) (“Essential”) announced today the commencement of a registered underwritten offering of 6,700,000 shares of its common stock. Subject to certain conditions, all shares are expected to be borrowed by the forward purchaser (as defined below) (or its affiliate) from third parties and sold to the underwriter and offered in connection with the forward sale agreement described below. RBC Capital Markets is acting as the sole book-running manager for this offering. The underwriter may offer shares of Essential’s common stock from time to time to purchasers directly or through agents, or through brokers in brokerage transactions on the NYSE, in the over-the-counter market, or to dealers in negotiated transactions, or in a combination of such methods of sale or otherwise, at a fixed price or prices, which may be changed, or at market prices prevailing at the time of sale, at prices related to such prevailing market prices, or at negotiated prices.

In connection with the offering, Essential expects to enter into a forward sale agreement with an affiliate of RBC Capital Markets (in such capacity, the “forward purchaser”) under which Essential will agree to issue and sell to the forward purchaser 6,700,000 shares of its common stock at an initial forward sale price per share equal to the price per share at which the underwriter purchases the shares in the offering, subject to certain adjustments, upon physical settlement of the forward sale agreement. If Essential elects physical settlement of the forward sale agreement, it expects to use the net proceeds for general corporate purposes, including for water and wastewater utility acquisitions, working capital and capital expenditures.

Settlement of the forward sale agreement is expected to occur no later than August 10, 2021. Essential may, subject to certain conditions, elect cash settlement or net share settlement for all or a portion of its rights or obligations under the forward sale agreement.

The shares of common stock will be offered and sold pursuant to an effective automatic shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission (“SEC”). A prospective investor should read the preliminary prospectus supplement related to this offering and accompanying prospectus in that registration statement and other documents filed with the SEC for more information about the company and this offering before investing. These documents may be obtained free of charge by visiting the SEC’s website at www.sec.gov. Copies of the preliminary prospectus supplement and accompanying prospectus for the offering may be obtained from: RBC Capital Markets at RBC Capital Markets, LLC, Attention: Equity Capital Markets, 200 Vesey Street, New York, NY 10281, by telephone at 877-822-4089 or by email at This email address is being protected from spambots. You need JavaScript enabled to view it..

This press release is neither an offer to sell nor a solicitation of an offer to buy any securities, including Essential common stock, nor shall it constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

About Essential

Essential is one of the largest publicly traded water, wastewater and natural gas providers in the U.S., serving approximately 5 million people across 10 states under the Aqua and Peoples brands.

Forward-looking statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Words such as, but not limited to, “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “could,” “may,” “will,” “should,” and similar expressions are intended to identify forward-looking statements. All forward-looking statements, including with respect to the offering described herein, rely on a number of assumptions, estimates and data concerning future results and events and are subject to a number of uncertainties and other factors, many of which are outside Essential’s control that could cause actual results to differ materially from those reflected in such statements. Accordingly, Essential cautions that the forward-looking statements contained herein are qualified by these and other important factors and uncertainties that could cause results to differ materially from those reflected by such statements. For more information on additional potential risk factors, please review Essential’s filings with the SEC, including, but not limited to, Essential’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K.

WTRGF

Brian Dingerdissen
Essential Utilities Inc.
Investor Relations
O: 610.645.1191
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Dan Lockwood
Communications and Marketing
O: 610.645.1157
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• Global Clean Energy Holdings to supply renewable diesel from Bakersfield biorefinery
• Renewable diesel can significantly reduce life-cycle greenhouse gas emissions
• Agreement is for the purchase of 2.5 million barrels per year for five years

IRVING, Texas--(BUSINESS WIRE)--ExxonMobil has signed an agreement with Global Clean Energy Holdings to purchase 2.5 million barrels of renewable diesel per year for five years from a converted California refinery starting in 2022.

The renewable diesel will be sourced from a refinery acquired by Global Clean Energy in Bakersfield, California, which is being retooled to produce renewable diesel from Global Clean Energy’s patented varieties of camelina, a fallow land crop that does not displace food crops, and other non-petroleum feedstocks. Following scheduled production startup in 2022, ExxonMobil plans to distribute the renewable diesel within California and potentially to other domestic and international markets.

“Our agreement with Global Clean Energy builds on ExxonMobil’s longstanding efforts to develop and offer products that help meet society’s energy needs while reducing environmental impacts,” said Bryan Milton, president of ExxonMobil Fuels and Lubricants Company. “Chemically similar to petroleum-based diesel, renewable diesel can be readily blended for use in engines on the market today.”

“Our relationship with ExxonMobil is a perfect fit for Global Clean Energy and the Bakersfield biorefinery because it leverages ExxonMobil’s scale and unrivaled market perspective to unlock value for both companies,” said Richard Palmer, CEO of Global Clean Energy Holdings. “By combining upstream feedstock supply and downstream production, we are moving toward the fully integrated production model pioneered by ExxonMobil.”

In addition to camelina, various non-petroleum feedstocks, including used cooking oil, soybean oil, distillers’ corn oil and other renewable sources will be refined to produce the renewable diesel.

Based on analysis of California Air Resources Board (CARB) data, renewable diesel from various non-petroleum feedstocks can provide life-cycle greenhouse gas emissions reductions of approximately 40 percent to 80 percent compared to petroleum-based diesel.¹

About ExxonMobil

ExxonMobil, one of the largest publicly traded international energy companies, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world. To learn more, visit exxonmobil.com and the Energy Factor.

Follow us on Twitter and LinkedIn.

About Global Clean Energy

Global Clean Energy Holdings is a leading developer of sustainable, non-food energy crops for use in biofuels. GCEH’s wholly owned subsidiary, Sustainable Oils, is the leading developer of camelina, a fast-growing, low input, dryland farmed rotation crop. As it is cultivated exclusively on unirrigated fallow land, camelina does not displace food or create indirect land use change. It also allows farmers to improve total farm economics through better overall asset utilization.

Through a financing partnership with Orion Energy Partners, GCM Grosvenor and Voya Investment Management, Global Clean Energy expanded into downstream production with the acquisition of the Bakersfield facility. Once production commences in 2022, the Bakersfield biorefinery will be the only integrated farm-to-tank renewable diesel producer of its kind, processing both camelina—a proprietary non-food, ultra-low carbon intensity and purpose-grown feedstock—as well as traditional biofuel feedstocks such as plant oils and waste products. To learn more, visit gceholdings.com.

Cautionary Statement: Statements of future events, plans or product offerings in this release are forward-looking statements. Actual future results, including product offerings, refinery start-up dates, delivery timing. available capacity, and the impact and results of new technologies on product efficiency and life-cycle emission reductions could vary depending on the outcome of general business conditions; further research and testing; the development and competitiveness of alternative technologies; the ability to scale pilot projects on a cost-effective basis; political and regulatory developments; and other factors discussed in this release and under the heading “Factors Affecting Future Results” on the Investors page of ExxonMobil’s website at exxonmobil.com.

__________________

¹ California Air Resources Board Petroleum Diesel Carbon Intensity: Low Carbon Fuel Standard Regulation, Table 7-1: https://ww2.arb.ca.gov/sites/default/files/2020-07/2020_lcfs_fro_oal-approved_unofficial_06302020.pdf

California Air Resources Board Renewable Diesel Certified Carbon Intensities:
https://ww2.arb.ca.gov/resources/documents/lcfs-pathway-certified-carbon-intensities

ExxonMobil Media Relations
832-625-4000

Global Clean Energy
424-318-3518

TULSA, Okla.--(BUSINESS WIRE)--Blueknight Energy Partners, L.P. (“Blueknight” or the “Partnership”) (Nasdaq: BKEP and BKEPP) today announced Matthew R. Lewis as the new Chief Financial Officer. Mr. Lewis joins Blueknight with prior experience as both a public and private company Chief Financial Officer, as well as, a proven track record of leading corporate finance, strategic planning, investor relations, and risk management activities within energy and industrial markets. He will begin his new role on September 8, 2020.

“We are thrilled to welcome Matt to our team and believe his extensive finance and Chief Financial Officer experiences, including his relevant commercial acumen, will be invaluable to our executive leadership team going forward,” said Andrew Woodward, Blueknight’s Chief Executive Officer. “I’ve personally worked with Matt and can confidently say that he will only further enhance our efforts to deliver greater value to all stakeholders as we incorporate a long-term approach to realizing Blueknight’s full potential,” added Woodward.

Prior to joining Blueknight, Mr. Lewis served as Chief Financial Officer at Streamline Innovations, Inc., a privately held company providing specialty solutions for water and gas treating processes within energy and industrial markets. Prior to Streamline, Mr. Lewis was Director of Business Planning & Analysis at Andeavor Logistics (NYSE: ANDX), a $15 billion enterprise value company, where he served on the extended leadership team and coordinated all business planning and analysis activities. Prior to Andeavor, Mr. Lewis served in multiple roles of increasing responsibility at Mid-Con Energy Partners, LP (NASDAQ: MCEP), prior to being appointed Vice President & Chief Financial Officer in 2016 where he was responsible for corporate finance, treasury, risk management, investor relations, and accounting related activities.

Mr. Lewis holds a Bachelor of Business Administration degree in Finance from Texas Tech University and a Master of Business Administration degree from the Cox School of Business at Southern Methodist University.

About Blueknight Energy Partners, L.P.

Blueknight owns and operates a diversified portfolio of complementary midstream energy assets consisting of:

• 8.8 million barrels of liquid asphalt storage located at 53 terminals in 26 states;
• 6.9 million barrels of above-ground crude oil storage capacity located primarily in Oklahoma, approximately 6.6 million barrels of which are located at the Cushing Interchange terminalling facility in Cushing, Oklahoma;
• 604 miles of crude oil pipeline located primarily in Oklahoma; and
• 63 crude oil transportation vehicles deployed in Oklahoma and Texas.

Blueknight provides integrated terminalling, gathering and transportation services for companies engaged in the production, distribution and marketing of liquid asphalt and crude oil. Blueknight is headquartered in Tulsa, Oklahoma. For more information, visit the Partnership’s website at www.bkep.com.

Blueknight Investor Relations
Chase Jacobson, (918) 237-4032
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DUBLIN--(BUSINESS WIRE)--The "Global Offshore Decommissioning Market 2020-2024" report has been added to ResearchAndMarkets.com's offering.

The global offshore decommissioning market is poised to grow by $1.77 billion during 2020-2024, progressing at a CAGR of 6% during the forecast period.

This report provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment.

The market is driven by the maturing oil and gas fields and aging platforms and fluctuations in oil and gas prices. The study identifies the strong regulation for offshore decommissioning activities as one of the prime reasons driving the offshore decommissioning market growth during the next few years.

The offshore decommissioning industry analysis includes service segment and geographic landscapes.

The global offshore decommissioning market is segmented as below:

By Service

• Well plugging and abandonment
• Platform removal
• Others

By Geographic Landscape

• Europe
• North America
• APAC
• MEA
• South America

This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading offshore decommissioning market vendors that include:

• Aker Solutions ASA
• General Electric Co.
• Halliburton Co.
• John Wood Group plc
• Oceaneering International Inc.
• Ramboll Group AS
• Schlumberger Ltd.
• TechnipFMC plc
• TETRA Technologies Inc.
• Weatherford International plc

Also, the offshore decommissioning market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

For more information about this report visit https://www.researchandmarkets.com/r/e4ju7l

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
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HOUSTON--(BUSINESS WIRE)--USD Partners LP (NYSE:USDP) (the “Partnership”) announced today that members of its senior management team will participate in the Goldman Sachs Power, Utilities, MLPs and Pipelines Virtual Conference on August 11, 2020.

Additionally, the Partnership’s senior management team will participate in the Citi One-on-One Midstream / Energy Infrastructure Virtual Conference on August 12, 2020.

The related presentation materials will be made available on the Partnership’s website no later than 5:00pm Eastern Time on Monday, August 10, 2020, at www.usdpartners.com on the “Events & Presentations” sub-tab under the “Investors” tab.

About USD Partners LP

USD Partners LP is a fee-based, growth-oriented master limited partnership formed in 2014 by US Development Group, LLC (“USDG”) to acquire, develop and operate midstream infrastructure and complementary logistics solutions for crude oil, biofuels and other energy-related products. The Partnership generates substantially all of its operating cash flows from multi-year, take-or-pay contracts with primarily investment grade customers, including major integrated oil companies and refiners. The Partnership’s principal assets include a network of crude oil terminals that facilitate the transportation of heavy crude oil from Western Canada to key demand centers across North America. The Partnership’s operations include railcar loading and unloading, storage and blending in on-site tanks, inbound and outbound pipeline connectivity, truck transloading, as well as other related logistics services. In addition, the Partnership provides customers with leased railcars and fleet services to facilitate the transportation of liquid hydrocarbons and biofuels by rail.

USDG, which owns the general partner of USD Partners LP, is engaged in designing, developing, owning, and managing large-scale multi-modal logistics centers and energy-related infrastructure across North America. USDG solutions create flexible market access for customers in significant growth areas and key demand centers, including Western Canada, the U.S. Gulf Coast and Mexico. Among other projects, USDG is currently pursuing the development of a premier energy logistics terminal on the Houston Ship Channel with capacity for substantial tank storage, multiple docks (including barge and deepwater), inbound and outbound pipeline connectivity, as well as a rail terminal with unit train capabilities. For additional information, please visit texasdeepwater.com.

Adam Altsuler
Senior Vice President, Chief Financial Officer
(281) 291-3995
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Jennifer Waller
Director, Financial Reporting & Investor Relations
(832) 991-8383
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