TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) announced today that Danilo Juvane has been named vice president of Investor Relations, effective Sept. 1, 2020. Juvane will be responsible for enhancing Williams’ strategies of engagement with key investment stakeholders, with an overall goal of attracting and retaining long-term shareholders. In addition, he will lead day-to-day interactions with the investor community and the business analysts who cover Williams. Juvane will report to Williams’ Chief Financial Officer John Chandler.
“As a highly respected analyst in our sector, Danilo brings deep financial and strategic analytical skills as well as extensive understanding of the midstream market to the role,” said Chandler. “His reputation for proactive relationship-building and stakeholder communications will be a great asset as we work to strengthen our investment community outreach and highlight the attractive stability and sustainable growth Williams delivers to its investors over the long-term.”
Prior to being named vice president of Investor Relations for Williams, Juvane served as a Midstream Equity Research Analyst for BMO Capital Markets in Houston, where he led the equity research platform covering U.S. midstream C-corps and MLPs, including Williams. He brings more than 20 years of experience in the financial markets, with extensive knowledge of the energy sector and global equity markets. He was ranked #2 Stock Picker within the Oil, Gas and Consumable Fuels Category in Starmine’s 2019 U.S. Analyst Awards and was recognized as a “Rising Star” by Institutional Investor in 2016, 2017 and 2018. Juvane earned his Master of Business Administration with a concentration in Finance from The University of Texas at Austin and a Bachelor of Arts in Economics from Grinnell College.
About Williams
Williams (NYSE: WMB) is committed to being the leader in providing infrastructure that safely delivers natural gas products to reliably fuel the clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation and storage of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. Williams owns and operates more than 30,000 miles of pipelines system wide – including Transco, the nation’s largest volume and fastest growing pipeline – and handles approximately 30 percent of the natural gas in the United States that is used every day for clean-power generation, heating and industrial use. www.williams.com
Portions of this document may constitute “forward-looking statements” as defined by federal law. Although the company believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the “safe harbor” protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in the company’s annual and quarterly reports filed with the Securities and Exchange Commission.
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DUBLIN--(BUSINESS WIRE)--The "The Global Market for Nanomaterials in Batteries and Supercapacitors" report has been added to ResearchAndMarkets.com's offering.
With global energy demands ever-increasing, allied to efforts to reduce the use of fossil fuel and eliminate air pollutions, it is now essential to provide efficient, cost-effective, and environmentally friendly energy storage devices. The growing market for smart grid networks, electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs) is also driving the market for improving the energy density of rechargeable batteries.
Rechargeable battery technologies (such as Li-ion, Li-S, Na-ion, Li-O2 batteries) and supercapacitors are among the most promising power storage and supply systems in terms of their widespread applicability, and tremendous potential owing to their high energy and power densities. LIBs are currently the dominant mobile power sources for portable electronic devices used in cell phones and laptops.
Although great advances have been made, each type of battery still suffers from problems that seriously hinder the practical applications for example in commercial EVs and PHEVs. The performance of these devices is inherently tied to the properties of materials used to build them. Nanotechnology and nanomaterials will play an important role in all aspects of the energy sector:
Lithium-ion batteries have shown great promise in portable electronics and electric vehicles due to their long lifespan and high safety. However, hurdles relating to the sluggish dynamics and poor cycling stability restrict the practical application. Nanostructured materials, due to their significantly decreased particles size, are thought to effectively address these issues.
Advantages of nanomaterials include:
Nanomaterials are also finding application in Lithium-sulfur (Li-S) batteries, sodium-ion batteries, lithium-air batteries, Magnesium batteries and paper, flexible and stretchable batteries. Nanomaterials, especially carbon nanomaterials, have been widely investigated as effective electrodes in supercapacitors due to their high specific surface area, excellent electrical and mechanical properties.
Applications of nanomaterials in batteries and supercapacitors include:
Report contents include:
Key Topics Covered:
1 EXECUTIVE SUMMARY
2 NANOMATERIALS IN BATTERIES
2.1 Battery market megatrends
2.1.1 Electrification of transport
2.1.2 Reducing dependence on lithium and other materials (e.g. cobalt).
2.1.3 Growth in demand for thin and flexible batteries, energy harvesting wearable devices and smart textiles
2.1.4 Development of next-generation flexible electronics
2.1.5 Development of next-generation flexible electronics
2.1.6 Improving the energy density of rechargeable batteries
2.1.7 Growing market for electricity grid for renewable generation, smart grids and distributed energy resources; portable electronics; electric vehicles (EVs); and plug-in hybrid electric vehicles (PHEVs)
2.1.8 Demand from wearable healthcare devices
2.2 Nanomaterials in Li-ion batteries
2.3 Nanomaterials in Lithium-sulfur (Li-S) batteries
2.4 Nanomaterials in Sodium-ion batteries
2.5 Nanomaterials in Lithium-air batteries
2.6 Nanomaterials in Magnesium batteries
2.7 Graphene
2.7.1 Market overview
2.7.2 Applications
2.7.3 Global market in tons, historical and forecast
2.7.4 Product developers
2.8 Carbon nanotubes
2.8.1 Market overview
2.8.1.1 MWCNTs
2.8.1.2 SWCNTs
2.8.1.3 Carbon nano-onions (CNOs) or onion-like carbon (OLC),
2.8.1.4 BNNTs
2.8.2 Applications
2.8.3 Global market in tons, historical and forecast
2.8.4 Product developers
2.9 Fullerenes
2.1: Graphene Quantum Dots
2.1: Other nanomaterials
2.11.1: Carbon nanofibers
2.11.2: Lithium nanoparticles
2.11.3: Cobalt oxide nanoparticles
2.11.4: Bismuth oxide nanoparticles
2.11.5: Indium oxide nanoparticles
2.11.6: Manganese oxide nanoparticles
2.11.7: Zirconium oxide nanoparticles
2.11.8: Silicon nanowires
2.11.9: Quantum dots
2.11.1: Cellulose nanofibers
2.11.10.1 Li-ion battery separators
2.11.10.2 Additives for paper batteries
2.11.1: Cellulose nanocrystals
2.11.11.1 Flexible batteries
2.11.1: Molybdenum disulfide
3 NANOMATERIALS IN SUPERCAPACITORS
3.1 Supercapacitors market megatrends
3.2 Graphene
3.3 Carbon nanotubes
3.4 Nanodiamonds
4 COMPANY PROFILES
5 RESEARCH METHODOLOGY
6 REFERENCES
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/vpe9w0
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MADISON, Wis.--(BUSINESS WIRE)--MGE Energy, Inc. (Nasdaq: MGEE) issued its second-quarter 2020 financial update presentation.
The update is available on MGE Energy's website at:
https://www.mgeenergy.com/financialupdate
About MGE Energy
MGE Energy is a public utility holding company. Its principal subsidiary, Madison Gas and Electric, generates and distributes electricity to 155,000 customers in Dane County, Wis., and purchases and distributes natural gas to 163,000 customers in seven south-central and western Wisconsin counties. MGE's roots in the Madison area date back more than 150 years.
Investor relations contact
Ken Frassetto
Director - Shareholder Services and Treasury Management
608-252-4723 | This email address is being protected from spambots. You need JavaScript enabled to view it.
LONDON--(BUSINESS WIRE)--#FuelCellsforMarineVesselsMarket--Technavio has been monitoring the fuel cells for marine vessels market and it is poised to grow by USD 64.91 million during 2020-2024, progressing at a CAGR of over 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact
Frequently Asked Questions-
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Bloom Energy, Dynad International BV, Hyster-Yale Materials Handling Inc., PowerCell Sweden AB, Proton Power Systems plc, SerEnergy AS, SFC Energy AG, Siemens AG, Toshiba Corp., and Watt Fuel Cell Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Demand for alternate propulsion systems has been instrumental in driving the growth of the market.
Fuel Cells for Marine Vessels Market 2020-2024: Segmentation
Fuel Cells for Marine Vessels Market is segmented as below:
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43046
Fuel Cells for Marine Vessels Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our fuel cells for marine vessels market report covers the following areas:
This study identifies the advancement of hydrogen as a marine fuel as one of the prime reasons driving the market growth during the next few years.
Fuel Cells for Marine Vessels Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the fuel cells for marine vessels market, including some of the vendors such as Bloom Energy, Dynad International BV, Hyster-Yale Materials Handling Inc., PowerCell Sweden AB, Proton Power Systems plc, SerEnergy AS, SFC Energy AG, Siemens AG, Toshiba Corp., and Watt Fuel Cell Corp. Backed with competitive intelligence and benchmarking, our research reports on the fuel cells for marine vessels market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Fuel Cells for Marine Vessels Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Technology
Customer Landscape
Geographic Landscape
Drivers, Challenges, and Trends
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
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New paper concludes scalability rests on modular, robust software infrastructure
REDWOOD CITY, Calif.--(BUSINESS WIRE)--Guidehouse Insights, formerly known as Navigant Research, has released the whitepaper, "Opening the Door to New VPP Opportunities," which outlines the importance and key ingredients of scaling up Virtual Power Plants (VPPs).
Guidehouse writes “while VPPs were considered an experiment a decade ago, the technology has emerged as a vital opportunity for leveraging DER assets to stack compelling use cases in key markets around the world. Leading software providers can now stand up commercially viable platforms that have become a necessity in regions of the world experiencing massive growth in DER, accelerating a dynamic vision for the future of infrastructure.”
“As the VPP market matures beyond pilot programs and R&D experiments,” the paper asserts “scalability is the crucial component for market success.” These 10 steps required to deliver a scalable VPP solution are outlined:
“The scaling up of VPPs is critical as growth in DER expands globally,” said Peter Asmus, a research director at Guidehouse Insights. “The ten steps outlined in this white paper reflect lessons learned by AutoGrid, but which are of deep value across the entire VPP ecosystem of solution providers.”
“Guidehouse has provided valuable information for accelerating the Energy Cloud transformation, and AutoGrid was glad to be able to participate in the creation of this paper,” said Rahul Kar, General Manager of New Energy for AutoGrid. “The information shared puts the industry as a whole in a better position to take advantage of the massive proliferation of distributed energy and VPPs happening across the globe.”
To learn more about the process of scaling up VPPs for new energy solutions and to access the full Guidehouse Insights paper, “Opening the Door to New VPP Opportunities,” visit: https://www.auto-grid.com/resources/#whitepapers.
About AutoGrid:
AutoGrid builds enterprise software that enables a smarter distributed energy world. The company’s suite of flexibility management applications allows utilities, electricity retailers, renewable energy project developers and energy service providers to deliver clean, affordable and reliable energy by managing networked distributed energy resources (DERs) in real time, at scale through different value streams. AutoGrid has contracted more than 5,000 megawatts of DERs and works with more than 50 leading energy companies around the world, including Schneider Electric, CLP, Shell, CPS Energy, Eneres and Total.
Media:
Leo Traub
Antenna Group for AutoGrid
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SAN ANTONIO--(BUSINESS WIRE)--NuStar Energy L.P. (NYSE: NS) announced today that Brad Barron, President and Chief Executive Officer; Tom Shoaf, Executive Vice President and Chief Financial Officer; Danny Oliver, Executive Vice President of Business Development & Engineering; Amy Perry, Executive Vice President of Strategic Development; Pam Schmidt, Vice President of Investor Relations, and other members of management will participate in virtual meetings with members of the investment community at the Citi 2020 One-on-One Midstream / Energy Infrastructure Conference on Wednesday, August 12, 2020 and Thursday, August 13, 2020. The materials to be discussed in the meetings will be available on the partnership’s website at 10:00 a.m. Eastern Time, Wednesday, August 12, 2020.
NuStar Energy L.P., a publicly traded master limited partnership based in San Antonio, is one of the largest independent liquids terminal and pipeline operators in the nation. NuStar currently has approximately 10,000 miles of pipeline and 75 terminal and storage facilities that store and distribute crude oil, refined products and specialty liquids. The partnership’s combined system has approximately 75 million barrels of storage capacity, and the partnership has operations in the United States, Canada and Mexico. For more information, visit NuStar Energy L.P.’s website at www.nustarenergy.com.
NuStar Energy, L.P., San Antonio
Investors, Tim Delagarza, Manager, Investor Relations
Investor Relations: 210-918-INVR (4687)
or
Media, Mary Rose Brown, Executive Vice President and Chief Administrative Officer,
Corporate Communications: 210-918-2314
website: http://www.nustarenergy.com
RIO DE JANEIRO--(BUSINESS WIRE)--Prumo, a private Brazilian company controlled by EIG Global Energy Partners, bp and Siemens signed a binding agreement with SPIC Brasil. Under the agreement, SPIC will initially acquire 33% of the GNA I and GNA II LNG-to-power projects, located in Port of Açu, Rio de Janeiro. SPIC has also entered into an agreement to participate in the future expansion projects GNA III and GNA IV, which are expected to be fueled by a combination of LNG and domestic gas from Brazil’s vast pre-salt reserves.
The closing of the agreement, scheduled for the fourth quarter of 2020, is subject to the fulfillment of certain conditions precedent usual to this type of transaction, among others.
GNA I and GNA II is the largest gas-to-power project in Latin America, with 3 GW of installed capacity — enough to supply energy for up to 14 million households. The complex also includes an LNG terminal with a total capacity of 21 million m3/ day. GNA I, which has an installed capacity of 1.3 GW, is expected to commence operations in the first half of 2021. The agreement improves the potential for expansion projects GNA III and GNA IV, the domestic gas hub strategy and renewables projects. The estimated total planned investment in the GNA gas and power complex is approximately US$ 5 billion.
SPIC Brasil's contribution to this partnership is centered on its expertise in operation and project management strategy in Brazil. Siemens – via its financing arm, Siemens Financial Services, and in close cooperation with Siemens Energy – will contribute capital, innovative technology and its expertise managing similar projects. In addition, bp will contribute its global portfolio of LNG acting as a key integrated and innovative gas supplier and Prumo contributes the entire port infrastructure, operations, project development and integration. The partnership facilitates the expansion of a range of projects and demonstrates a commitment to completing the investments that are under development.
BofA Securities and Lakeshore Partners acted as financial advisors of GNA and its sponsors. Itaú BBA acted as exclusive financial advisor of SPIC. Mattos Filho acted as legal advisors of GNA and its sponsors. Trench Rossi Watanabe acted as legal advisors of SPIC.
Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. The company is active around the globe, focusing on the areas of power generation and distribution, intelligent infrastructure for buildings and distributed energy systems, and automation and digitalization in the process and manufacturing industries. Through the separately managed company Siemens Mobility, a leading supplier of smart mobility solutions for rail and road transport, Siemens is shaping the world market for passenger and freight services. Due to its majority stakes in the publicly listed companies Siemens Healthineers AG and Siemens Gamesa Renewable Energy, Siemens is also a world-leading supplier of medical technology and digital healthcare services as well as environmentally friendly solutions for onshore and offshore wind power generation. In fiscal 2019, which ended on September 30, 2019, Siemens generated revenue of €86.8 billion and net income of €5.6 billion. At the end of September 2019, the company had around 385,000 employees worldwide. Further information is available on the Internet at www.siemens.com.
Siemens Financial Services (SFS) – the financing arm of Siemens – provides business-to-business financial solutions. A unique combination of financial expertise, risk management and industry know-how enable SFS to create tailored innovative financial solutions. With these, SFS facilitates growth, creates value, enhances competitiveness and helps customers access new technologies. SFS supports investments with equipment financing and leasing, corporate lending, equity investments and project and structured financing. Trade and receivable financing solutions complete the SFS portfolio. With an international network, SFS is well adapted to country-specific legal requirements and able to provide financial solutions globally. Within Siemens, SFS is an expert adviser for financial risks. Siemens Financial Services has its global headquarters in Munich, Germany, and has almost 3,000 employees worldwide. www.siemens.com/finance.
SPIC Brasil, owned subsidiary of State Power Investment Corporation (SPIC), a global energy generator and related projects company. In Brazil, this is translated into the union between the expertise and financial strength of a large Chinese group and the Australian pioneering over 20 years of experience in renewable energy. Currently, SPIC Brasil operates the São Simão Hydroelectric Power Plant, on the border between the states of Minas Gerais and Goiás, the Millennium Wind Farm and the Vale dos Ventos Wind Farm in Paraíba State. In Brazil, the company has about 160 employees, located in São Paulo (SP), Natal (RN), São Simão (GO) and Mataraca (PB). SPIC Global has a total installed capacity of 151 GW. It has over 130,000 employees in the 64 countries in which it operates.
Prumo is the multi-business economic group responsible for the strategic development of the Port of Açu. We are controlled by EIG Global Energy Partners, a US-based fund focused on energy and infrastructure, and by Mubadala Investment Company, an active and innovative investor that allocates capital in a variety of segments.
Through the Group’s 6 companies (Porto do Açu Operações, Ferroport, Açu Petróleo, GNA, Dome and BP Prumo) and our clients and partners, the Port of Açu serves the oil & gas, port logistics and mining segments. Its infrastructure has unique potential to support new businesses and several industrial niches.
Guided by Prumo’s strategic perspective, Açu is now one of the largest and most promising enterprises in Brazil. With operational safety and efficiency combined with the strength of the Group’s long-term vision and the proximity to the main oil exploration basins, Açu is consolidating into the best solution for the most challenging demands.
bp is an integrated energy business with operations in Europe, North and South America, Australasia, Asia and Africa. We operate in 79 countries. With over 100 years of experience steeped in the world of energy, we understand energy markets deeply, and have developed unique capabilities in trading, marketing, technology and innovation. bp’s new purpose is reimagining energy for people and our planet– for bp to become a net zero company by 2050 or sooner, and to help the world get to net zero.
EIG Global Energy Partners (“EIG”), is a leading institutional investor to the global energy sector with $22.9 billion under management as of June 30, 2020. EIG specializes in private investments in energy and energy-related infrastructure on a global basis. During its 38-year history, EIG has committed over $34.2 billion to the energy sector through more than 360 projects or companies in 36 countries on six continents. EIG’s clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the U.S., Asia and Europe. EIG is headquartered in Washington, D.C. with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul. For additional information, please visit EIG’s website at www.eigpartners.com.
Press
Siemens
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Prumo
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SPIC
PUBLICIS CONSULTANTS
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EIG
Sard Verbinnen & Co.
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LONDON--(BUSINESS WIRE)--#AutomatedContainerTerminalMarket--Technavio has been monitoring the automated container terminal market and it is poised to grow by USD 1.04 billion during 2020-2024, progressing at a CAGR of 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions-
The market is concentrated, and the degree of concentration will accelerate during the forecast period. ABB Ltd., Camco Technologies, Cargotec Corp., CyberLogitec Co. Ltd., Identec Group AG, Konecranes Plc, Künz GmbH, Liebherr-International AG, ORBCOMM Inc., and Shanghai Zhenhua Heavy Industries Co. Ltd. are some of the major market participants. The robotization of container terminals in the US will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in fast-growing segments, while maintaining their position in the slow-growing segments.
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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Automated Container Terminal Market 2020-2024: Segmentation
Automated Container Terminal Market is segmented as below:
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43853
Automated Container Terminal Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automated container terminal market report covers the following areas:
This study identifies growth in automated container terminals in emerging markets as one of the prime reasons driving the automated container terminal market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Automated Container Terminal Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Customer Landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
Jesse Maida
Media & Marketing Executive
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Website: www.technavio.com/
HOUSTON--(BUSINESS WIRE)--Calpine Corporation today announced the closing of $650,000,000 in aggregate principal amount of its 4.625% Senior Notes due 2029 and $850,000,000 in aggregate principal amount of its 5.000% Senior Notes due 2031 in private placements. The aggregate principal amount of the 4.625% Senior Notes due 2029 and the 5.000% Senior Notes due 2031 offered were increased from $500,000,000 and $500,000,000, respectively.
Calpine Corporation intends to use the proceeds from these offerings, together with cash on hand, to (i) purchase pursuant to tender offers any and all of its outstanding 5.500% Senior Notes due 2024 (the “2024 Notes”) and its outstanding 5.750% Senior Notes due 2025 (the “2025 Notes”), (ii) redeem any of the 2024 Notes and 2025 Notes not tendered in connection with the tender offers and (iii) pay premiums, fees and expenses relating to the tender offers and the redemption (if any) of the 2024 Notes and 2025 Notes. Any net proceeds from the offerings not used for the purposes described above will be used for general corporate purposes.
The notes will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the U.S. without registration under the Securities Act or pursuant to an applicable exemption from such registration. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, any security and nor shall there be any offer, solicitation or sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Calpine
Calpine Corporation is America’s largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Our fleet of 77 power plants, including one under construction, represents over 26,000 megawatts of generation capacity. Through wholesale power operations and our retail businesses, Calpine Energy Solutions and Champion Energy, we serve customers in 23 states in the United States and in Canada and Mexico. Our clean, efficient, modern and flexible fleet uses advanced technologies to generate power in a low-carbon and environmentally responsible manner. We are uniquely positioned to benefit from the secular trends affecting our industry, including the abundant and affordable supply of clean natural gas, environmental regulation, aging power generation infrastructure and the increasing need for dispatchable power plants to successfully integrate intermittent renewables into the grid.
Forward-Looking Information
In addition to historical information, this release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We use words such as “believe,” “intend,” “expect,” “anticipate,” “plan,” “may,” “will,” “should,” “estimate,” “potential,” “project” and similar expressions to identify forward-looking statements. Such statements include, among others, those concerning our expected financial performance and strategic and operational plans, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. We believe that the forward-looking statements are based upon reasonable assumptions and expectations. However, you are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause actual results to differ materially from those anticipated in the forward-looking statements. Please see the risks identified in this release or in Calpine’s reports and registration statements filed with the Securities and Exchange Commission, including, without limitation, the risk factors identified in its Annual Report on Form 10-K for the year ended December 31, 2019 and Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2020. These filings are available by visiting the Securities and Exchange Commission’s website at www.sec.gov or Calpine’s website at www.calpine.com. Given the risks and uncertainties surrounding forward-looking statements, you should not place undue reliance on these statements. Many of these factors are beyond our ability to control or predict. Our forward-looking statements speak only as of the date of this release. Actual results or developments may differ materially from the expectations expressed or implied in the forward-looking statements, and, other than as required by law, Calpine undertakes no obligation to update or revise any such statements, whether as a result of new information, future events, or otherwise.
Media Contact:
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LONDON--(BUSINESS WIRE)--#GlobalWindTowerMarket--Technavio has been monitoring the wind tower market and it is poised to grow by USD 6.75 billion during 2020-2024, progressing at a CAGR of 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions-
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Acciona SA, Arcosa Inc., Broadwind Energy Inc., CS WIND Corp., ENERCON GmbH, Nordex SE, Valmont Industries Inc., Vestas Wind System AS, Windar Renovables, and Xinjiang Goldwind Science & Technology Co. Ltd. are some of the major market participants. The increasing demand for heightened wind towers will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in fast-growing segments, while maintaining their position in the slow-growing segments.
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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Wind Tower Market 2020-2024: Segmentation
Wind Tower Market is segmented as below:
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Wind Tower Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The wind tower market report covers the following areas:
This study identifies development of airborne wind turbines as one of the prime reasons driving the wind tower market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Wind Tower Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
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Website: www.technavio.com/
The Low-Carbon Resources Initiative is part of Exelon’s commitment to advancing clean-energy solutions to benefit customers and communities
CHICAGO--(BUSINESS WIRE)--Exelon Corporation today announced its sponsorship of an Electric Power Research Institute (EPRI) and Gas Technology Institute (GTI) five-year initiative to accelerate the development and demonstration of low-carbon energy technologies. Exelon’s sponsorship of the Low-Carbon Resources Initiative (LCRI) is part of the company’s commitment to collaboration between the electric, gas and generation sectors to advance clean-energy solutions for customers and communities.
Through its sponsorship of the Low-Carbon Resources Initiative, Exelon will advance clean energy research and development across the electric and gas sectors. The LCRI seeks to identify and accelerate fundamental development of promising technologies, demonstrate and assess the performance of key technologies and processes, and inform key stakeholders and the public about technology options and pathways to a potential low-carbon future.
“As America’s largest clean energy company, Exelon is ideally suited to join forces with LCRI to advance deep decarbonization technologies,” said Ken Cornew, president and CEO, Exelon Generation, and a member of the EPRI board. “We are leveraging cutting-edge research, technology and innovation every day to power a low-carbon future for our customers and communities, and this initiative will align and multiply our industry’s collective efforts to work toward a healthier planet.”
Sponsorship of the Low-Carbon Resources Initiative is the latest in a series of ongoing commitments Exelon has made to lead on clean energy solutions and innovation to combat the impact of climate change. Exelon’s six electric and gas utilities – serving 10 million customers --announced this summer that they will electrify half of their vehicle fleet by 2030. This past year, Exelon announced its new $20 million Climate Change Investment Initiative to cultivate startups working on new technologies to reduce greenhouse gas emissions and mitigate climate change.
“To achieve a clean energy future, we need to look at all options, including new technologies,” said Calvin Butler, Exelon Utilities CEO. “Every day, our employees are reimagining the energy future across our electric and gas utilities, because we know we must drive progress to ensure our customers have equitable access to clean energy solutions. The work that EPRI and GTI are doing with the Low-Carbon Resources Initiative will help us bring that innovation to fruition in the years ahead.”
Learn more about the LCRI at LowCarbonLCRI.com
About Exelon
Exelon Corporation (Nasdaq: EXC) is a Fortune 100 energy company with the largest number of electricity and natural gas customers in the U.S. Exelon does business in 48 states, the District of Columbia and Canada and had 2019 revenue of $34 billion. Exelon serves approximately 10 million customers in Delaware, the District of Columbia, Illinois, Maryland, New Jersey and Pennsylvania through its Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco subsidiaries. Exelon is one of the largest competitive U.S. power generators, with more than 31,000 megawatts of nuclear, gas, wind, solar and hydroelectric generating capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. The company’s Constellation business unit provides energy products and services to approximately 2 million residential, public sector and business customers, including three fourths of the Fortune 100. Follow Exelon on Twitter @Exelon.
Bill Gibbons
708-932-6123
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MADISON, Wis.--(BUSINESS WIRE)--MGE Energy, Inc. (Nasdaq: MGEE) today reported financial results for the second quarter of 2020.
MGE Energy's earnings for the second quarter of 2020 were $18.8 million, or 53 cents per share, compared to $15.5 million, or 45 cents per share, for the same period in the prior year.
During the second quarter of 2020, electric net income increased $2.3 million compared to the second quarter of 2019 primarily due to Allowance for funds used during construction (AFUDC) earned from the construction of Two Creeks and Badger Hollow I and II solar generation projects and savings in operating and maintenance costs. AFUDC equity for the Two Creeks and Badger Hollow I and II solar projects increased $1.0 million compared to the same period in the prior year.
A reduction of retail sales driven by the impacts of COVID-19 and associated governmental regulations negatively impacted electric earnings in the second quarter of 2020. Electric commercial retail sales dropped approximately 10% in the second quarter of 2020 compared to the same period in the prior year. However, some businesses shifted their workforce to a remote work environment which led to higher residential sales. Warmer weather primarily in June of 2020 also contributed to increased electric residential sales and mitigated the impact of COVID-19. Second quarter electric residential sales increased by approximately 20% compared to the second quarter of 2019.
Gas net income in the second quarter of 2020 remained relatively flat compared to the second quarter of 2019.
The situation around the COVID-19 pandemic remains fluid. We have been subject to, and are following, local, state and federal public health and safety regulations and guidance to address the pandemic. We have operated continuously throughout the pandemic and have not suffered any material disruptions in service or employment. We continue to monitor the situation and manage our response.
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MGE Energy, Inc. |
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(In thousands, except per share amounts) |
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(Unaudited) |
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|||
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|
|
|
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Three Months Ended June 30, |
2020 |
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2019 |
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Operating revenue |
$117,040 |
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$122,147 |
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Operating income |
$21,520 |
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$19,783 |
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Net income |
$18,791 |
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$15,548 |
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|
Earnings per share (basic and diluted) |
$0.53 |
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$0.45 |
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Weighted average shares outstanding (basic and diluted) |
35,441 |
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34,668 |
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Six Months Ended June 30, |
2020 |
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2019 |
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Operating revenue |
$266,913 |
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$289,716 |
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Operating income |
$52,960 |
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$50,293 |
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Net income |
$44,828 |
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$39,554 |
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Earnings per share (basic and diluted) |
$1.28 |
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$1.14 |
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Weighted average shares outstanding (basic and diluted) |
35,054 |
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34,668 |
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About MGE Energy
MGE Energy is a public utility holding company. Its principal subsidiary, Madison Gas and Electric, generates and distributes electricity to 155,000 customers in Dane County, Wis., and purchases and distributes natural gas to 163,000 customers in seven south-central and western Wisconsin counties. MGE's roots in the Madison area date back more than 150 years.
Forward-looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Such statements include the risks and uncertainties related to the COVID-19 pandemic. Such forward-looking statements are based on MGE Energy's current expectations, estimates and assumptions regarding future events, which are inherently uncertain. We caution you not to place undue reliance on any forward-looking statements, which are made as of the date of this press release. We undertake no obligation to revise or update publicly any such forward-looking statements to reflect any change in expectations or in events, conditions or circumstances on which any such statements may be based. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to our business in general, please refer to the "Risk Factors" sections in our Annual Report on Form 10-K for the year ended December 31, 2019 and our Quarterly Report on Form 10-Q during the three and six months ended June 30, 2020, filed with the Securities and Exchange Commission.
Kaya Freiman
Corporate Communications Manager
608-252-7276 | This email address is being protected from spambots. You need JavaScript enabled to view it.
Ken Frassetto
Investor Relations
608-252-4723 | This email address is being protected from spambots. You need JavaScript enabled to view it.
LONDON--(BUSINESS WIRE)--#DrillingBitsMarketinOilandGas--Technavio has been monitoring the drilling bits market in oil and gas and it is poised to grow by USD 1.38 billion during 2020-2024, progressing at a CAGR of almost 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Atlas Copco AB, Baker Hughes Co., Bellwether Resources International Inc., Bit Brokers International Ltd., Caterpillar Inc., Drill King International LP, Drilling Products Inc., Halliburton Co., National Oilwell Varco Inc., and Sandvik AB are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Increased use of horizontal and multilateral wells has been instrumental in driving the growth of the market.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Drilling Bits Market in Oil and Gas 2020-2024: Segmentation
Drilling Bits Market in Oil and Gas is segmented as below:
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41458
Drilling Bits Market in Oil and Gas 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The drilling bits market in oil and gas report covers the following areas:
This study identifies the migration of drilling activities into unconventional areas as one of the prime reasons driving the growth of drilling bits market in oil and gas during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Drilling Bits Market in Oil and Gas 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Application
Customer landscape
Geographic Landscape
Drivers, Challenges, and Trends
Vendor Landscape
Vendors covered
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
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UK: +44 203 893 3200
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Website: www.technavio.com/
NEW YORK--(BUSINESS WIRE)--SER Capital Partners, LLC (“SER”), a sustainable-investment focused private equity firm, has acquired Microgrid Networks, LLC (“Microgrid Networks”), a well-established advanced distributed power company, in June 2020 to install battery energy storage and solar in high demand, congested urban areas, such as New York City.
“We see Microgrid Networks’ unique siting technology, skillset, and assets as increasingly essential for local reliability and resiliency. By installing, owning, and operating a portfolio of storage assets, we also help New York achieve its goals to integrate additional renewables, offset regionwide fossil-fueled pollutants, and provide economic benefits and jobs to the region,” noted Rahul Advani, Managing Partner and founder of SER.
Sara Graziano, Partner of SER and Microgrid Networks board member, added: “We are grateful to partner with the talented team leading Microgrid Networks to invest in New York City. Pairing our deep experience optimizing battery and electricity storage with Microgrid Networks’s local expertise creates a rare opportunity to economically and sustainably deliver reliable, resilient energy solutions while offering significant benefits in New York.”
In closing on its first vehicle with institutional limited partners, SER has distinguished itself as a credible partner to management teams seeking certainty of execution and to limited partner investors seeking private equity investment opportunities tied to sustainability. SER intends to continue to directly originate and execute private equity investments within its targeted areas of focus.
Metric Point Capital acted as the exclusive placement agent for the fundraise.
About Microgrid Networks
MicroGrid Networks develops, finances, and operates clean energy facilities that are monitored and managed as an advanced energy network. The company is currently deploying a network of advanced, resilient clean energy generation and storage facilities in the dense urban coastal environments of New York City. Its attractive, quiet and modular facilities are designed to provide resiliency and load relief to utility distribution networks, mitigate risks to life and property from extreme weather and tidal events, increase the local supply of cost-competitive energy, drive investment and employment in the neighborhoods where they are located and directly assist the State and City of New York in meeting their greenhouse gas reduction goals. More is available at www.mgilp.com.
About SER Capital Partners
SER Capital Partners is an independent middle-market private equity firm dedicated to investing in North American sustainable industrial, environmental, and renewable businesses. Over the past two decades, its team members have amassed successful experience in its targeted sectors as private equity investors and senior executives at both private and public businesses. Its investment team averages over a decade of experience working together with its founder. The firm’s professionals coalesced on their conviction on the market opportunity, investment strategy, and ability to create attractive investments while authentically measuring sustainability. As experienced and dedicated private sustainability investors, SER team members are also committed to aligning interests across its investors, team members, portfolio companies, and communities. More is available at www.sercapitalpartners.com.
About Metric Point Capital (Member FINRA and SIPC)
Metric Point Capital (“Metric Point”) is a capital advisory and placement firm specializing in raising institutional capital for alternative investment managers. Fund and co-investment assignments include leveraged buyouts, energy, real estate, infrastructure, royalties, mining, credit, and distressed debt, among others. Metric Point advises on all aspects of the fundraising process, including competitive positioning, preparation of marketing materials, comprehensive strategic fundraising planning, and distribution. The firm has professionals located in New York, Stamford, Chicago, Los Angeles, and Austin.
Rahul Advani
SER Managing Partner
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(415) 873-1015
Sara Graziano
SER Partner
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(212) 482-2118
Alex Leykikh
Metric Point Partner
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(860) 478-7359
HOUSTON--(BUSINESS WIRE)--Calpine Corporation (“Calpine”) announced today that it has received, pursuant to its previously announced cash tender offers to purchase any and all of its outstanding 5.500% Senior Notes due 2024 (CUSIP No.131347 CJ3) (the “2024 Notes”) and 5.750% Senior Notes due 2025 (CUSIP No. 131347 CF1) (the “2025 Notes” and, together with the 2024 Notes, the “Notes”) and solicitation of consents related to the 2024 Notes (the “2024 Consents”) and the 2025 Notes (the “2025 Consents” and, together with the 2024 Consents, the “Consents”), the requisite consents to adopt the proposed amendments to each of the indenture governing the 2024 Notes and the indenture governing the 2025 Notes.
Consents have been delivered with respect to $255,389,000 principal amount, or approximately 54.10% of the outstanding principal amount, of the 2024 Notes and $1,044,758,000 principal amount, or approximately 88.35% of the outstanding principal amount, of the 2025 Notes, which Notes had been validly tendered (and not validly withdrawn) as of 5:00 p.m., New York City Time, on August 7, 2020 (the “Early Tender Date”). In conjunction with receiving the requisite consents for each series of Notes, a supplemental indenture with respect to each series of Notes to effect the applicable proposed amendments described in the Offers to Purchase and Consent Solicitation Statement, dated July 27, 2020, as supplemented by the Supplement to the Offers to Purchase and Consent Solicitation dated July 27, 2020 (as so supplemented, the “Offers to Purchase”), has been executed. A holder’s right to validly withdraw tendered applicable Notes and validly revoke delivered related consents expired at 5:00 p.m., New York City Time, on August 7, 2020.
Calpine also announced today that it has accepted for purchase tenders of $255,389,000 aggregate principal amount of the 2024 Notes and $1,044,758,000 aggregate principal amount of the 2025 Notes, which Notes were tendered at or prior to the Early Tender Date, pursuant to the applicable Offer and related Consent Solicitation. Holders who validly tendered and did not withdraw such Notes prior to the Early Tender Date will receive $1,015.35 per $1,000 principal amount of 2024 Notes and $1,028.75 per $1,000 principal amount of 2025 Notes accepted for purchase pursuant to the applicable Offer and related Consent Solicitation, plus accrued and unpaid interest from the last interest payment date to, but not including, August 10, 2020.
Following the acceptance for purchase of tendered Notes described above, Calpine mailed today notices of redemption to the holders of the Notes that remain outstanding to redeem such Notes on August 12, 2020. The redemption price for the 2024 Notes is 101.375% of the principal amount and the redemption price for the 2025 Notes is 102.875% of the principal amount, plus accrued and unpaid interest thereon to, but excluding, the redemption date.
Credit Suisse Securities (USA) LLC has been retained as the dealer manager. D.F. King & Co., Inc. has been retained to serve as both the tender agent and the information agent. Persons with questions regarding the Offers and the Consent Solicitations should contact Credit Suisse Securities (USA) LLC at (800) 820-1653 (toll free) or (212) 325-2476 (collect). Copies of the Offers to Purchase and other related materials may be obtained online at www.dfking.com/calpine or by contacting D.F. King & Co., Inc. at (toll-free) (800) 431-9646 or (collect) (212) 269-5550 or email: This email address is being protected from spambots. You need JavaScript enabled to view it..
None of Calpine or its affiliates, its board of directors, the dealer manager, the tender agent and the information agent or the trustee for the Notes makes any recommendation as to whether holders of the Notes should tender or refrain from tendering the Notes.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes or to buy or sell any other securities. The Offers and the Consent Solicitations are made only through the Offers to Purchase and the Supplement. The Offers and the Consent Solicitations are not being made to holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky and other laws of such jurisdiction. In any jurisdiction in which the Offers and the Consent Solicitations are required to be made by a licensed broker or dealer, the Offers and the Consent Solicitations will be deemed to be made on behalf of Calpine by the dealer manager or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction. This press release shall not constitute a notice of redemption of either the 2024 Notes or the 2025 Notes.
About Calpine
Calpine Corporation is America’s largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Our fleet of 77 power plants, including one under construction, represents over 26,000 megawatts of generation capacity. Through wholesale power operations and our retail businesses, Calpine Energy Solutions and Champion Energy, we serve customers in 23 states in the United States and in Canada and Mexico. Our clean, efficient, modern and flexible fleet uses advanced technologies to generate power in a low-carbon and environmentally responsible manner. We are uniquely positioned to benefit from the secular trends affecting our industry, including the abundant and affordable supply of clean natural gas, environmental regulation, aging power generation infrastructure and the increasing need for dispatchable power plants to successfully integrate intermittent renewables into the grid.
Forward-Looking Information
In addition to historical information, this release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We use words such as “believe,” “intend,” “expect,” “anticipate,” “plan,” “may,” “will,” “should,” “estimate,” “potential,” “project” and similar expressions to identify forward-looking statements. Such statements include, among others, those concerning our expected financial performance and strategic and operational plans, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. We believe that the forward-looking statements are based upon reasonable assumptions and expectations. However, you are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause actual results to differ materially from those anticipated in the forward-looking statements. Please see the risks identified in this release or in Calpine’s reports and registration statements filed with the Securities and Exchange Commission, including, without limitation, the risk factors identified in its Annual Report on Form 10-K for the year ended December 31, 2019 and Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2020. These filings are available by visiting the Securities and Exchange Commission’s website at www.sec.gov or Calpine’s website at www.calpine.com. Given the risks and uncertainties surrounding forward-looking statements, you should not place undue reliance on these statements. Many of these factors are beyond our ability to control or predict. Our forward-looking statements speak only as of the date of this release. Actual results or developments may differ materially from the expectations expressed or implied in the forward-looking statements, and, other than as required by law, Calpine undertakes no obligation to update or revise any such statements, whether as a result of new information, future events, or otherwise.
Media Contact:
Brett Kerr
Vice President, External Affairs
713-830-8809
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Investor Contact:
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Senior Vice President, Finance & Treasurer
713-830-8775
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More than 10,000 strikes to Colorado underground utilities in 2019, according to Colorado811.org
DENVER--(BUSINESS WIRE)--Phillips 66 hopes that the 8/11 date on the calendar will serve as a reminder to call 811 to have underground utility lines marked prior to any digging project. The company operates 625 miles of underground petroleum pipelines in Colorado, and 13,000 miles of pipelines throughout the United States.
Every few minutes, an underground utility line is damaged because someone decided to dig without first contacting 811. Striking a single line can cause injury, repair costs, inconvenient outages and fines. In 2019, Colorado excavators reported 10,934 damages including 836 in Adams, 850 in Weld, 868 in Arapahoe, and 878 in Denver counties. Additional statics are available at https://colorado811.org/center-stats/statewide-damage-stats/.
“On August 11, and throughout the year, we remind homeowners and professional contractors alike to use the free 811 service two working days before digging to reduce the risk of striking an underground utility line,” said Todd Denton, president, Phillips 66 Pipeline LLC. “Every digging project, no matter how large or small, warrants contacting 811. Installing a mailbox, building a fence, planting a tree and laying a patio are just some examples of digging projects that need a call to 811 before starting.”
When calling 811, homeowners and contractors are connected to Colorado 811, the local one call center, which notifies the appropriate utility companies of their intent to dig. Requests can also be made online at Colorado811.org. Professional locators then arrive at the digging site to mark the approximate locations of underground lines with flags, spray paint or both.
Visit www.call811.com or Colorado811.org for more information about 811 and safe digging practices. Or visit www.phillips66pipeline.com to learn more about how we keep pipelines and people safe.
Jill Sweeney
713-597-9708
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DUBLIN--(BUSINESS WIRE)--The "Middle-East Wireline Services Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The oil and gas well logging services market is expected to grow at a CAGR of 2.62% during the forecast period.
Factors, such as increasing demand for oil and natural gas and increasing investments in the upstream oil and gas sectors across the region, are expected to drive the number of exploration and production activities, thereby driving the wireline services market during the forecast period.
However, the crude oil prices have been highly volatile between 2019 and the start of 2020, fluctuating between USD 60 per barrel and USD 25 per barrel by the start of 2020. This volatility of oil prices remains a growing concern for the upstream industry. Hence, this is expected to hinder the market during the forecast period.
Companies Mentioned
Key Market Trends
Offshore to Dominate the Market
Saudi Arabia to Dominate the Market
Key Topics Covered:
1 INTRODUCTION
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2025
4.3 Onshore and Offshore Active Rig Count and Forecast, till 2025
4.4 Major Upcoming Upstream Projects
4.5 Recent Trends and Developments
4.6 Government Policies and Regulations
4.7 Market Dynamics
4.7.1 Drivers
4.7.2 Restraints
4.8 Supply Chain Analysis
4.9 Porter's Five Forces Analysis
5 MARKET SEGMENTATION AND ANALYSIS (Qualitative Analysis)
5.1 Deployment
5.1.1 Onshore
5.1.2 Offshore
5.2 Type
5.2.1 Electric Line
5.2.2 Slick Line
5.3 Hole Type
5.3.1 Open Hole
5.3.2 Cased Hole
5.4 Geography
5.4.1 Saudi Arabia
5.4.2 Iran
5.4.3 United Arab Emirates
5.4.4 Rest of Middle-East
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/44j2yb.
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Antelope Valley Swainson’s Hawk Study and Conservation Action Agreement
SAN DIEGO--(BUSINESS WIRE)--EDF Renewables North America (EDFR), National Audubon Society (Audubon), and Defenders of Wildlife (Defenders) today announced a Swainson’s Hawk Study and Conservation Action Agreement that exemplifies the shared goals and collaboration necessary to develop renewable energy to meet California’s 100% goal while conserving important wildlife and their habitat.
Eastern Kern County is home to important species and natural resources including the Swainson’s Hawk. Audubon has identified Swainson’s Hawk as a priority species for conservation in California, and in partnership with Defenders, has been pursuing efforts to conserve the species in the Antelope Valley and Kern County since 2012.
The Collaborative Agreement, funded by EDF Renewables, will have multiple benefits, including:
EDF Renewables is committed to providing solutions to meet California’s goal of 60% renewable energy generation by 2030 and 100% by 2045. EDFR has a long and positive history in Eastern Kern County where since 2004, EDFR has developed over 1.3 gigawatts of wind and solar projects. Its continued success is derived from developing renewable energy projects that are not only complementary to existing land use but also respect local natural resources through effective siting techniques and mitigation measures.
Pamela Flick, California Program Director, Defenders of Wildlife, said, “Defenders is pleased to join with EDFR and Audubon in this collaborative effort to protect Swainson’s Hawk while facilitating the development of clean renewable energy. Our world is facing the dual crises of biodiversity loss and climate change and any efforts to address both issues is a win for wildlife and people.”
Garry George, Director, Clean Energy Initiative, National Audubon Society, commented, “EDFR joins the list of responsible renewable energy developers who see the value of two outcomes of their projects – emissions reduction and conservation of species. Their contribution is not mitigation and is not required. EDFR is providing the funding because they care and are interested in conservation in the area they are developing.”
Devon Muto, Director of Solar Development, West Region at EDFR added, “We are pleased to be partnering with Audubon and Defenders to advance the science on this important species and establish a Conservation Fund that can support immediate and lasting conservation actions in this region that will have co-benefits beyond the Swainson’s Hawk.”
About EDF Renewables:
EDF Renewables is a market leading independent power producer and service provider with 35 years of expertise in renewable energy. The Company delivers grid-scale power: wind (onshore and offshore), solar photovoltaic, and storage projects; distributed solutions: solar, solar+storage, EV charging and energy management; and asset optimization: technical, operational, and commercial skills to maximize performance of generating projects. EDF Renewables’ North American portfolio consists of 16 GW of developed projects and 10 GW under service contracts. EDFR is a subsidiary of EDF Renouvelables, the dedicated renewable energy affiliate of the EDF Group.
For more information visit: www.edf-re.com
About Defenders of Wildlife:
Defenders of Wildlife is dedicated to the protection of all native animals and plants in their natural communities. With over 1.8 million members and activists, Defenders of Wildlife is a leading advocate for innovative solutions to safeguard our wildlife heritage for generations to come. For more information, visit https://defenders.org/newsroom and follow us on Twitter @Defenders.
About Audubon:
The National Audubon Society protects birds and the places they need, today and tomorrow. Audubon works throughout the Americas using science, advocacy, education, and on-the-ground conservation. State programs, nature centers, chapters, and partners give Audubon an unparalleled wingspan that reaches millions of people each year to inform, inspire, and unite diverse communities in conservation action. A nonprofit conservation organization since 1905, Audubon believes in a world in which people and wildlife thrive. Learn more at www.audubon.org and on Facebook, Twitter and Instagram at @audubonsociety.
EDF Renewables Media Contact
Sandi Briner
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Defenders of Wildlife Media Contact:
Rebecca Bullis, +1 202-772-0295
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National Audubon Society Media Contact:
Chandler Lennon +1 212-979-3063 (work); +1 804-832-0832 (cell)
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DUBLIN--(BUSINESS WIRE)--The "2025 Vision: Future of Pumps in a Connected World" report has been added to ResearchAndMarkets.com's offering.
This study forecasts the future of the pumps industry amidst the onset of a new wave of digitalization and the Industrial Internet of Things (IIoT).
The changing market conditions influenced by demand-supply shock, oil price volatility, political tension, and shift in customer preferences are making pump manufacturers revisit their value proposition. In a mature and fragmented industry like pumps where growth from pump equipment remains in the single digit, pump OEMs have started to observe a spike in demand for aftermarket services. This spike also indicates a shift in pump OEMs' role from being mere product suppliers to a thought-partner enabling end-users in their digital transformation journey to collaboratively build a connected ecosystem. The pumps market, valued at ~$38.34 billion in 2019, is expected to discover new growth opportunities by expanding its service capabilities with IIoT technologies and move beyond standard aftermarket services.
In this pump visionary study, we have identified the top 5 global Mega Trends and assessed their implication for the pumps industry. The study also discusses the market size and offers a breakdown by region, product segment, and end-user industry. To understand the role of services in the pump market, the study also includes revenue potential from the services segment. An overview of the key market participants, their product offering, and their market positioning have been provided in this report.
The publisher has identified the top 4 innovative business models that pump OEMs can implement by investing and integrating IIoT into their solution offering. These models will enable OEMs to unlock new revenue streams and stay ahead of their peers. The study does a deep dive into each business model and assesses its implication on the pumps industry. Some of the key IIoT technologies that are instrumental in the successful transition of the industry include cloud computing, analytics, artificial intelligence, and machine learning and blockchain. The end-user shift from a CAPEX to an OPEX model and the need for data insights, require pump OEMs to proactively embrace these progressive technologies in their service offering.
With the potential to realize double-digit growth from services, pump OEMs are at a juncture to revisit their product and service offerings as well as their relationship across the distribution channel. By expanding service capabilities with advanced and digital services, pump OEMs are well-positioned to increase the uptime, reliability, and lifetime of the machine. They can assist their end-users to move towards a predictive maintenance approach, reduce OPEX, and increase production efficiency.
Key Issues Addressed
Key Topics Covered:
1. Executive Summary
2. Research Scope and Segmentation
3. Mega Trends and Industry Convergence Implications
4. Global Pumps Industry Revenue Forecast for 2025
5. IIoT based Pump Solutions-Implication for End-user Industries
6. 4 Big Themes and New Business Opportunities for Pump OEMs
7. New Growth Market-Pumps-as-a-Service
8. Growth Opportunities and Companies to Action
9. Key Conclusions and Future Outlook
10. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/pc0qb8
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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EWING, N.J.--(BUSINESS WIRE)--$OLED #OLED--Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today announced that its Board of Directors approved a third quarter cash dividend of $0.15 per share on the Company's common stock. The dividend is payable on September 30, 2020 to shareholders of record on September 16, 2020. The dividend reflects our expected continued cash flow generation, and commitment to return capital to our shareholders. Future dividends will be subject to Board approval.
About Universal Display Corporation
Universal Display Corporation (Nasdaq: OLED) is a leader in the research, development and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications. Founded in 1994, the Company currently owns, exclusively licenses or has the sole right to sublicense more than 5,000 patents issued and pending worldwide. Universal Display licenses its proprietary technologies, including its breakthrough high-efficiency UniversalPHOLED® phosphorescent OLED technology that can enable the development of low power and eco-friendly displays and solid-state lighting. The Company also develops and offers high-quality, state-of-the-art UniversalPHOLED materials that are recognized as key ingredients in the fabrication of OLEDs with peak performance. In addition, Universal Display delivers innovative and customized solutions to its clients and partners through technology transfer, collaborative technology development and on-site training.
Headquartered in Ewing, New Jersey, with international offices in China, Hong Kong, Ireland, Japan, South Korea and Taiwan, and wholly-owned subsidiary Adesis, Inc. based in New Castle, Delaware, Universal Display works and partners with a network of world-class organizations. To learn more about Universal Display Corporation, please visit https://oled.com/.
Universal Display Corporation and the Universal Display Corporation logo are trademarks or registered trademarks of Universal Display Corporation. All other company, brand or product names may be trademarks or registered trademarks.
All statements in this document that are not historical, such as those relating to the impact of the COVID-19 pandemic on the Company and otherwise, Universal Display Corporation’s technologies and potential applications of those technologies, the Company’s expected results and future declaration of dividends, as well as the growth of the OLED market and the Company’s opportunities in that market, are forward-looking financial statements within the meaning of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements in this document, as they reflect Universal Display Corporation’s current views with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated. These risks and uncertainties are discussed in greater detail in Universal Display Corporation’s periodic reports on Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, including, in particular, the section entitled “Risk Factors” in Universal Display Corporation’s Annual Report on Form 10-K for the year ended December 31, 2019 and its subsequent Quarterly Reports on Form 10-Q. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained in this document.
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Universal Display Contact:
Darice Liu
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