The event will take place on Tuesday, May 24th from 1:00 - 3:00 pm PT

NEWARK, Calif.--(BUSINESS WIRE)--On Tuesday, May 24th, 2022, FreeWire Technologies will host the Grand Opening of its Global Headquarters, R&D, and Manufacturing Facility in Newark, California. This event will provide an inside look at the facility and demonstrate the next-generation power technology fundamental to the global energy transition. In addition, the event will feature a speaking program headlined by California Energy Commission (CEC) Chairman David Hochschild, notable industry leaders, federal agency representatives, and elected officials.

This is an in-person, invite-only event, and we ask all press/media to RSVP here.

About FreeWire

Founded in 2014, FreeWire Technologies is the leading manufacturer of Buy America compliant battery-integrated EV charging and power solutions in the U.S. The Company’s fully-integrated Boost ChargerTM plugs into existing and ubiquitous low-voltage utility service and delivers high-power charging in areas that typically require extensive grid upgrades. The Boost Charger’s combination of proprietary battery and power conversion technology enables ultrafast EV charging at all locations, freeing customers from the costs of providing fast charging using power directly from the electric grid. FreeWire has deployed battery-integrated chargers with Fortune 100 companies, commercial customers, fleets, retail locations, and gas stations across the U.S. and has partnered with bp pulse to deploy Boost Charger in its operations across the UK.

Daniel Zotos, Director of Communications
(617) 448-7497 | This email address is being protected from spambots. You need JavaScript enabled to view it.

• Schneider Electric presents a new framework for future-proofing buildings developed in conjunction with the World Economic Forum (WEF) to accelerate the investment needed to deliver a greener urban built environment
• New modelling reveals two to three-fold increase required in rate at which European building stock is retrofitted to meet Paris Agreement commitments
• The company announces the creation of 2,500 green jobs worldwide to aid the acceleration of climate action across all facets of the economy

BOSTON--(BUSINESS WIRE)--Schneider Electric, the leader in the digital transformation of energy management and automation, is calling for an urgent rethink of investment priorities and greater collective action to spur global climate change efforts at the upcoming WEF in Davos.

Scenarios by Schneider’s Sustainability Research Institute shows that stimulating a demand-led transition is the only scenario in which emissions will fall fast enough to limit global warming to 1.5 degrees. The Research Institute will be launching the Towards Net Zero Buildings: a practical pathway e-book at Davos, looking at how the current deadlock of supply vs. demand can be broken. Key findings include:

• Just 1-1.5% of building stock in Europe is renovated each year. Renovation levels need to reach 3% a year to meet Paris commitments
• Financing remains biggest obstacle to investment in sustainable buildings¹ but investing in decarbonization technologies, digital and city ecosystem services maximize value creation for all stakeholders
• Energy efficiency technology provides significant opportunities to reduce energy consumption ranging from 10 to 60%, depending on geographies and quality of existing assets
• Digital energy efficiency solutions bring 20-30 percent carbon abatement across the building stock, bringing highly competitive paybacks and cost savings for consumers, well below 8 years in average

The e-book provides a practical roadmap for governments and industries to balance the costs of the energy transition with the additional burden on communities, particularly in the current unpredictable climate. It also features a new framework for future-proofing buildings for buildings developed in conjunction with WEF which presents a model and a toolkit to accelerate investment to decarbonize cities. Importantly, the framework emphasizes the need to unlock value for all. Through the adoption of existing technologies that abate carbon and deliver a net benefit to consumers, while creating value for the economy and communities.

Schneider Electric has been on its own sustainability journey, paving the way as an Impact company for the past 20 years, and believes that accelerating action against a backdrop of high and volatile energy prices, requires a shift in strategy. In addition to investment to increase renewable energy capacity, creating demand for clean energy via a consumer-driven transition is now essential.

In line with this approach, Schneider Electric is also announcing the creation of 2,500 green jobs worldwide to aid the acceleration of climate action across all facets of the economy. The jobs, primarily field services roles, will focus on helping Schneider’s customers digitize and decarbonize facilities, modernizing assets by promoting a sustainable and circular economy approach and providing advice on sustainability strategies.

“Investment in renewable energy must continue apace, but every energy transition in history has been driven by market demand. Shifting to a consumer-centric, demand-led investment approach will not only deliver decarbonization at scale, but will also achieve more encouraging outcomes than current modelling suggests,” – said Jean-Pascal Tricoire, Schneider Electric’s Chairman & CEO. "Consumers lead the change. This means demand leads the change. Disrupting demand with new technology and bringing benefits to the user must be the priority."

Schneider Electric’s representatives at DAVOS 2022

In his role as co-chair of the Forum’s Net Zero Carbon Cities initiative, Jean-Pascal Tricoire will call for a change in investment priorities. This requires moving from cost to value-centric investment criteria, expanding the current focus on infrastructure to investments that fuel demand and moving from over-indexing on hardware to software-enabled sustainable solutions. He will also discuss the need for greater collaboration to move to a low-carbon economy faster.

Luc Remont, Schneider Electric’s Executive Vice President of International Operations will talk about the importance of digital technologies in enabling the energy transition in emerging markets and major new partnerships in India, East Asia and South America to empower workforces and train more people in energy management.

Barbara Frei, Schneider Electric’s Executive Vice President of Industrial Automation will discuss the repercussions of a switch to an increasingly supply-led economy and how transformation from a linear to a circular supply chain model is essential for a sustainable future. She will be talking about the struggles companies face moving from resource intensive production and consumption to low carbon, efficient processes and the role of technologies, collaboration platforms and interoperability in solving these challenges. She will also be discussing the need for manufacturers to refocus their digital transformation journeys towards workforce engagement to attract talent and create safer working environments. She’ll be sharing her perspectives on how augmented automation can empower workforces and improve productivity.

Peter Weckesser, Schneider Electric’s Executive Vice President and Chief Digital Officer will provide perspectives on the transformative role of data and artificial intelligence in advancing business strategies that simultaneously address the biggest challenges ahead of industries: resilience and decarbonization. He will also be discussing the opportunities and values that can be captured today through digital ecosystem collaboration and deployment of innovative technologies at scale – and across the enterprise.

See below details of public sessions featuring Schneider Electric spokespeople:

Topic: The Augmented Manufacturing Experience
Speaker: Barbara Frei, EVP Industrial Automation
Date: Monday 23rd May
Time: 8:15 – 9:00 CET

Topic: Unlocking Digital Innovation for Net Zero
Speaker: Jean-Pascal Tricoire, Chairman & CEO
Date: Tuesday 24th May
Time: 9:30 – 10:30 CET

About Schneider Electric

Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.

Our mission is to be your digital partner for Sustainability and Efficiency.

We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.

We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.

www.se.com

Discover Life Is On Follow us on: Twitter, Facebook, LinkedIn, YouTube, Instagram, Blog

Discover the newest perspectives shaping sustainability, electricity 4.0, and next generation automation on Schneider Electric Insights.

Hashtags: #InfrustructureOfTheFuture #Sustainability #ClimateChange #Electricity4.0 #Industry4.0

¹ WGBC “Beyond the Business Case”

Schneider Electric Media Relations – Thomas Eck, (919) 266-8623; This email address is being protected from spambots. You need JavaScript enabled to view it.

ST. LOUIS--(BUSINESS WIRE)--Elessent Clean Technologies has announced an additional global price increase of $0.60/liter for its MECS^® sulfuric acid catalyst products. Additional surcharges may apply for freight, near term delivery and specialty product grades. Subject to the terms of applicable contracts, the new pricing will take effect immediately.

About Elessent Clean Technologies

Elessent Clean Technologies is a global leader in process technologies to drive sustainability and carbon neutrality in the metal, fertilizer, chemical and oil refining industries with an unwavering commitment to customer support. We provide extensive global expertise across our portfolio of offerings in key applications – MECS^® sulfuric acid production, STRATCO^® alkylation, BELCO^® wet scrubbing and IsoTherming^® hydroprocessing. Offering critical process equipment, products, technology and services, we enable an array of industrial markets, including phosphate fertilizer, non-ferrous metals, oil refining, petrochemicals and chemicals, to minimize their environmental impact and optimize productivity. We are dedicated to helping our customers produce high-quality products used in everyday life in the safest, most environmentally-sound way possible, with a vision to make the world a better place by creating clean alternatives to traditional industrial processes. Learn more at www.ElessentCT.com.

Elessent™ and all trademarks and service marks denoted with ™, ℠ or ^® are owned by affiliates of Elessent Clean Technologies Inc. unless otherwise noted.

Elessent Clean Technologies
Jeannie Branzaru
Tel: +1.913.406.6757
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MECS^® Sulfuric Acid Catalyst
Cristina Kulczycki
Tel: +1.314.275.5700
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HOUSTON--(BUSINESS WIRE)--Rock Hill Capital (“Rock Hill”) is pleased to announce that its portfolio company, Park Energy Services, LLC (“Park”), led by President and CEO, Tim Knox, has completed its second acquisition in less than a year with the purchase of substantially all the assets of San Antonio, TX, based Great Texas Compression, LLC (“Great Texas”).

The transaction further enhances Park’s strategic position in South Texas and provides additional service density throughout Park’s existing operating footprint in the region. Furthermore, the transaction expands Park’s diverse customer base and enhances its service capabilities through the addition of exceptional Great Texas personnel.

The transaction marks the continued execution of Park’s strategy to become a leading provider of compression for well head, gas-lift, vapor recovery, flash gas and other production applications, supporting its customers in the reduction of emissions through the capture of hydrocarbon vapors that would otherwise be vented or flared. The transaction with Great Texas aligns with Park’s objectives of continued growth through targeted and purposeful acquisitions conducted at appropriate purchase multiples with attractive financing terms.

Debt financing for the transaction was secured under an expanded senior credit facility provided by Regions Bank, UMB Bank N.A., Century Bank, and Third Coast Bank SSB. Legal representation for the transaction was provided by Winston & Strawn, LLP.

About Park Energy Services

Park Energy Services (www.parkenergyservices.com), headquartered in Oklahoma City, Oklahoma, operates a fleet of over 1700 compressor units in major producing basins of Texas, Oklahoma, Pennsylvania, Ohio, New Mexico and Colorado.

About Rock Hill Capital

Rock Hill Capital, founded in 2007 and headquartered in Houston, Texas, is a private equity firm that invests in small-to-lower middle market companies located in the South and Southeast United States. Rock Hill is currently investing out of its third committed capital fund focusing on companies in the industrial products and services industries. Take a deeper look at Rock Hill Capital and what makes our investments successful by visiting www.rockhillcap.com.

Rock Hill Capital
Ryan Shelton
713.715.7512
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Park Energy Services
Tim Knox
432.238.5150
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Floating LNG Terminal will provide energy security and supply diversification to Finland while also serving more broadly the needs of the Baltic Sea region

HELSINKI, Finland--(BUSINESS WIRE)--Excelerate Energy, Inc. (NYSE: EE) (“Excelerate”) and a subsidiary of Gasgrid Finland Oy (Gasgrid Finland) today signed a ten-year contract in Helsinki to charter a floating storage and regasification vessel (FSRU) that will provide flexible, reliable, and secure liquefied natural gas (LNG) to Finland, Estonia, and the Baltic Sea Region.

Excelerate President and CEO Steven Kobos, Gasgrid Finland CEO Olli Sipilä and Gasgrid Finland Chairman of the Board Kai-Petteri Purhonen signed the contract at the Government Palace in Helsinki in a ceremony also attended by Minister of Finance Annika Saarikko, Director-General for Energy Riku Huttunen, and U.S. Ambassador to Finland Douglas Hickey.

Under the time charter party agreement, Excelerate will deploy its FSRU Exemplar to provide regasification services in Southern Finland. The Exemplar has storage capacity of 150,900 m³ of LNG and can provide more than 5 billion cubic meters per year (bcm/y) of regasification capacity.

Per the cooperation agreement signed on May 4 by Gasgrid Finland and Estonia’s gas transmission operator Elering AS, the FSRU may be located in an Estonian port this winter if the port structures are not yet completed in Finland. The Governments of Finland and Estonia published a memorandum of understanding on April 29 agreeing to jointly lease an FSRU.

“Flexible access to LNG is a critical component of European energy security,” said Steven Kobos, President and Chief Executive Officer of Excelerate. “We are honored to collaborate with Gasgrid Finland to deliver essential energy infrastructure that will benefit Finland and more broadly the Baltic Sea region. As a leader in flexible LNG solutions, Excelerate is proud to support the goals of the U.S.-EU Task Force for Energy Security, which include diversifying LNG supplies in alignment with climate objectives."

Olli Sipilä, CEO of Gasgrid said, “We are glad that we were able to sign the agreement on such a fast schedule. It required the committed contribution of dozens of top professionals, for which I am very grateful. The project requires seamless cooperation between different actors as well in the future, and the project is progressing as planned. Leasing an LNG terminal vessel is extremely important, as it ensures security of supply for gas supplies in both Finland and Estonia. On the other hand, we see that there is a need for the terminal in the wider Baltic Sea region and it has been received with interest.”

About Excelerate Energy:

Excelerate Energy, Inc. is a U.S.-based LNG company located in The Woodlands, Texas. Founded in 2003 by George B. Kaiser, Excelerate is changing the way the world accesses cleaner forms of energy by providing integrated services along the LNG value chain with an objective of delivering rapid-to-market and reliable LNG solutions to customers. Excelerate offers a full range of flexible regasification services from FSRU to infrastructure development to LNG supply. Excelerate has offices in Abu Dhabi, Antwerp, Boston, Buenos Aires, Chattogram, Dhaka, Doha, Dubai, Manila, Rio de Janeiro, Singapore, and Washington, DC.

About Gasgrid Finland Oy:

Gasgrid Finland Oy is a Finnish state-owned company and transmission system operator with system responsibility. We offer our customers safe, reliable, and cost-efficient transmission of gases. We actively develop our transmission platform, services, and the gas market in a customer-oriented manner to promote the carbon-neutral energy and raw material system of the future. Find out more: www.gasgrid.fi/

Excelerate Contacts
Investors
Craig Hicks
Excelerate Energy
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Media
Stephen Pettibone / Frances Jeter
Sard Verbinnen & Co
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or
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Gasgrid Finland Contacts
Olli Sipilä, CEO, Gasgrid Finland Oy, +358 40 589 4686, This email address is being protected from spambots. You need JavaScript enabled to view it.
Esa Hallivuori, Head of Gas market Unit, Gasgrid Finland Oy, +358 40 581 5027, This email address is being protected from spambots. You need JavaScript enabled to view it.

Media inquiries:
Engela Gyldén, Gasgrid Finland Oy, +358 45 885 1008, This email address is being protected from spambots. You need JavaScript enabled to view it.

HOUSTON--(BUSINESS WIRE)--PNC Bank, National Association, as the trustee (the “Trustee”) of the San Juan Basin Royalty Trust (the “Trust”) (NYSE: SJT), today declared a monthly cash distribution to the holders (the “Unit Holders”) of its units of beneficial interest (the “Units”) of $4,277,812.64 or $0.091781 per Unit, based primarily upon the reported production of the Trust’s subject interests (the “Subject Interests”) during the month of March 2022. The distribution is payable June 14, 2022, to the Unit Holders of record as of May 31, 2022.

For the production month of March 2022, the owner of the Subject Interests, Hilcorp San Juan L.P. and the operator of the Subject Interests, Hilcorp Energy Company (collectively, “Hilcorp”), reported to the Trust net profits of $5,822,966 ($4,367,225 net royalty amount to the Trust).

Hilcorp reported $9,268,103 of total revenue from the Subject Interests for the production month of March 2022. For the Subject Interests, Hilcorp reported $3,445,137 of production costs for the production month of March 2022, consisting of $2,206,580 of lease operating expense, $1,222,198 of severance taxes and $16,359 of capital costs.

Based upon the information that Hilcorp provided to the Trust, gas volumes for the Subject Interests for March 2022 totaled 2,168,531 Mcf (2,409,479 MMBtu), as compared to 1,806,354 Mcf (2,007,060 MMBtu) for February 2022. Production volumes were higher in March primarily due to three additional days of production in March 2022 compared to February 2022. Dividing revenues by production volume yielded an average gas price for March 2022 of $4.15 per Mcf ($3.73 per MMBtu), as compared to an average gas price for February 2022 of $4.70 per Mcf ($4.23 per MMBtu).

Production from the Subject Interests continues to be gathered, processed, and sold under market sensitive and customary agreements, as recommended for approval by the Trust’s Consultant. The Trustee continues to engage with Hilcorp regarding its ongoing accounting and reporting to the Trust, and the Trust’s third-party compliance auditors continue to audit payments made by Hilcorp to the Trust, inclusive of sales revenues, production costs, capital expenditures, adjustments, actualizations, and recoupments. The Trust’s auditing process has also included detailed analysis of Hilcorp’s pricing and rates charged. As previously disclosed in the Trust’s filings, these revenues and costs (along with all costs) are the subject of the Trust’s ongoing comprehensive audit process by our professional consultants and outside counsel to ensure full compliance with all the underlying operative Trust agreements and evaluating all available potential remedies in the event there is evidence of non-compliance.

Except for historical information contained in this news release, the statements in this news release are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements generally are accompanied by words such as “estimates,” “anticipates,” “could,” “plan,” or other words that convey the uncertainty of future events or outcomes. Forward-looking statements and the business prospects of San Juan Basin Royalty Trust are subject to a number of risks and uncertainties that may cause actual results in future periods to differ materially from the forward-looking statements. These risks and uncertainties include, among other things, certain information provided to the Trust by Hilcorp, volatility of oil and gas prices, governmental regulation or action, litigation, and uncertainties about estimates of reserves. These and other risks are described in the Trust’s reports and other filings with the Securities and Exchange Commission.

San Juan Basin Royalty Trust

PNC Bank, National Association
PNC Asset Management Group
2200 Post Oak Blvd., Floor 18
Houston, TX 77056
website: www.sjbrt.com
e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

James R. Wilharm, Senior Vice President and Director of Trust Real Estate Services
Kaye Wilke, Investor Relations, toll-free: (866) 809-4553

HOUSTON--(BUSINESS WIRE)--PACIFIC COAST OIL TRUST (OTC–ROYTL) (the “Trust”), a royalty trust formed by Pacific Coast Energy Company LP (“PCEC”), announced today that there will be no cash distribution to the holders of its units of beneficial interest of record on May 27, 2022 based on the Trust’s calculation of net profits generated during March 2022 (the “Current Month”) as provided in the conveyance of net profits interests and overriding royalty interest (the “Conveyance”). Given the Trust’s receipt of insufficient monthly income from its net profits interests and overriding royalty interest during 2020 and 2021, the Trust had been expected to terminate by its terms at the end of 2021; however, as described further below, a court has issued a temporary restraining order enjoining the dissolution of the Trust until an arbitration tribunal can rule on the plaintiff’s request for injunctive relief. As described further below, based on information from PCEC, the likelihood of distributions to the unitholders in the foreseeable future is extremely remote. All financial and operational information in this press release has been provided to the Trustee by PCEC.

The Current Month’s distribution calculation for the Developed Properties resulted in operating income of approximately $2.5 million. Revenues from the Developed Properties were approximately $4.0 million, lease operating expenses including property taxes were approximately $1.6 million, and development costs were approximately $33,000. The average realized price for the Developed Properties was $110.26 per Boe for the Current Month, as compared to $126.68 per Boe in February 2022. Oil prices in recent months generally have remained elevated well above their 2020 and 2021 levels, and were higher in the Current Month as compared to November 2020. The cumulative net profits deficit amount for the Developed Properties declined approximately $2.0 million, to approximately $17.9 million in the Current Month versus approximately $19.9 million in the prior month.

The Current Month’s calculation included approximately $161,000 generated from the 7.5% overriding royalty interest on the Remaining Properties from Orcutt Diatomite and Orcutt Field. Average realized prices for the Remaining Properties were $106.86 per Boe in the Current Month, as compared to $87.20 per Boe in February 2022. The cumulative net profits deficit for the Remaining Properties decreased by approximately $369,000 and was approximately $1.4 million for the Current Month.

The monthly operating and services fee of approximately $96,000 payable to PCEC, together with Trust general and administrative expenses of approximately $75,000 together exceeded the payment of approximately $161,000 received from PCEC from the 7.5% overriding royalty interest on the Remaining Properties, creating a shortfall of approximately $10,000.

PCEC has provided the Trust with a $1 million letter of credit to be used by the Trust if its cash on hand (including available cash reserves) is not sufficient to pay ordinary course administrative expenses as they become due. As of March 31, 2021, the letter of credit has been fully drawn down. Further, the trust agreement provides that if the Trust requires more than the $1 million under the letter of credit to pay administrative expenses, PCEC will, upon written request of the Trustee, loan funds to the Trust in such amount as necessary to pay such expenses. Under the trust agreement, the Trust may only use funds provided under the letter of credit or loaned by PCEC or another source to pay the Trust’s current accounts or other obligations to trade creditors in connection with obtaining goods or services or for the payment of other accrued current liabilities arising in the ordinary course of the Trust’s business. As the Trust has fully drawn down the letter of credit, PCEC will be loaning funds to the Trust to pay the expected shortfall of approximately $10,000, which would bring the total amount of outstanding borrowings (including the amount drawn from the letter of credit, which also must be repaid as provided in the trust agreement) from PCEC to approximately $3.4 million plus interest thereon, related to shortfalls from prior months. Consequently, no further distributions may be made to Trust unitholders until the Trust’s indebtedness created by such amounts drawn or borrowed, including interest thereon, has been paid in full.

Sales Volumes and Prices

The following table displays PCEC’s underlying sales volumes and average prices for the Current Month:

East Coyote and Sawtelle Fields Operations Update

As previously disclosed, WG Holdings SPV, LLC (“WG Holdings”), the operator of the East Coyote and Sawtelle fields, had not made any payments to PCEC for production from such fields since April 30, 2021, despite repeated requests. Because PCEC accrues for estimated future net income to be received from WG Holdings, PCEC previously passed through the Trust’s share of approximately $1 million in net income from these fields, which was approximately $830,000 net to the Trust, in the relevant monthly net profits interest calculations. As disclosed in last month’s press release, due to WG Holdings’ withholding of these past-due payments, PCEC reversed the cash flows attributable to these properties for the net profits interest calculation month of February 2022, pending the resolution of the payment issue with WG Holdings. As of the date of this press release, PCEC still has not received any payments from WG Holdings and is continuing to take steps to secure its interest in these fields; however, the outcome is uncertain.

Update on Estimated Asset Retirement Obligations

As previously disclosed, in November 2019, PCEC informed the Trustee that, as permitted by the Conveyance, PCEC intended to begin deducting its estimated asset retirement obligations (“ARO”) associated with the West Pico, Orcutt Hill, Orcutt Hill Diatomite, East Coyote and Sawtelle fields, thereby reducing the amounts payable to the Trust under its Net Profits Interests. ARO is the recognition related to net present value of future plugging and abandonment costs that all oil and gas operators face. PCEC engaged an accounting firm, Moss Adams LLP (“Moss Adams”), acting as third-party consultants, to assist PCEC in determining its estimated ARO, and on February 27, 2020, PCEC informed the Trustee that based on the analysis performed by Moss Adams, PCEC’s estimated ARO, as of December 31, 2019, was $45,695,643, which is approximately $10.0 million less than the undiscounted amount that was originally estimated before Moss Adams completed its analysis, as previously disclosed in the Trust’s Current Report on Form 8‑K filed on November 13, 2019. According to PCEC and its third-party consultants, its estimated ARO, which reflected PCEC’s assessment of current market conditions as of December 31, 2019 and changes in California law, was determined to be approximately $33.2 million for the Developed Properties and approximately $12.5 million for the Remaining Properties, or approximately $26.5 million and approximately $3.1 million net to the Trust, respectively, and PCEC has reflected these amounts beginning with the calculation of the net profits generated during January 2020. The accrual has resulted in a current cumulative net profits deficit of approximately $19.2 million, which must be recouped from proceeds otherwise payable to the Trust from the Trust’s Net Profits Interests. Therefore, until the net profits deficit is eliminated, the only cash proceeds the Trust will receive are pursuant to the 7.5% overriding royalty interest.

PCEC has informed the Trustee that in accordance with generally accepted accounting principles, PCEC will evaluate the ARO on a quarterly basis. As a result of that re-evaluation, the actual ARO incurred in the future may be greater or less than the estimated amounts provided by PCEC. As previously disclosed, PCEC has informed the Trustee that at year-end 2020, and following the end of each of the first, second and third quarters of 2021, in light of the accounting guidance under Accounting Standards Codification 410-20-35-3, which requires the recognition of changes in the asset retirement obligation due to the passage of time and revision of the timing or amount of the originally estimated undiscounted cash flows, PCEC re-evaluated the estimated ARO, which resulted in an aggregate increase to the ARO accrual for the Developed Properties by approximately $5.1 million, net to the Trust’s interest, and an aggregate increase to the ARO accrual for the Remaining Properties by approximately $288,000, net to the Trust’s interest.

Based on PCEC’s estimate of its ARO attributable to the Net Profits Interest, deductions relating to estimated ARO are likely to eliminate the likelihood of any distributions to Trust unitholders for the foreseeable future, as previously disclosed in the Trust’s Current Report on Form 8-K filed on November 13, 2019.

As previously disclosed, the Trust engaged Martindale Consultants, Inc. (“Martindale”), a provider of analysis and compliance review services to the oil and gas industry, to perform an independent review of the estimated ARO in the Moss Adams report that PCEC provided to the Trustee. The Trustee also has engaged an accounting expert to advise the Trustee regarding the accruals that PCEC has booked relating to its estimated ARO. As disclosed in the Trust’s Current Report on Form 8-K filed on December 29, 2020, Martindale has completed its review of the estimated ARO and on December 21, 2020 provided its analysis and recommendations to the Trustee. Based on Martindale’s recommendations provided in its report to the Trust, as disclosed in the Trust’s Current Report on Form 8-K filed on December 29, 2020, the Trustee requested that PCEC promptly make several adjustments to its calculations and methods of deducting ARO from the proceeds to which the Trust is otherwise entitled pursuant to its Net Profits Interests. PCEC has responded to the Trustee, indicating PCEC’s view that the adjustments would violate applicable contracts and accounting standards, and has therefore declined to make any adjustments to the estimated ARO calculation based on those requests and the recommendations of the Martindale report. The Trustee has concluded that it has taken all action reasonably available to it under the Trust’s governing documents in connection with PCEC’s ARO calculation and therefore has determined not to take further action at this time.

As described in more detail in the Trust’s filings with the SEC, the trust agreement provides that the Trust will terminate if the annual cash proceeds received by the Trust from the Net Profits Interests and 7.5% overriding royalty interest total less than $2.0 million for each of any two consecutive calendar years. Because of the cumulative net profits deficit—which PCEC contends is the result of the substantial reduction in commodity prices during 2020 due to the COVID-19 pandemic and PCEC’s deduction of estimated ARO beginning in the first quarter of 2020—the only cash proceeds the Trust has received since March 2020 have been attributable to the 7.5% overriding royalty interest. As a result, the total proceeds received by the Trust in each of 2020 and 2021 were less than $2.0 million. Therefore, the Trust had been expected to terminate by its terms at the end of 2021.

Status of the Dissolution of the Trust

As previously disclosed in the Trust’s Current Report on Form 8-K filed on December 23, 2021, on December 8, 2021, Evergreen Capital Management LLC (“Evergreen”) filed an Amended Class Action and Shareholder Derivative Complaint alleging a derivative action on behalf of the Trust and against PCEC in the Superior Court of the State of California for the County of Los Angeles (the “Court”).

On December 10, 2021, Evergreen filed a motion for temporary restraining order and for preliminary injunction, seeking to (1) enjoin the Trustee from dissolving the Trust, (2) enjoin PCEC from dissolving the Trust, (3) direct PCEC to account for all monies withheld from the Trust on the basis of ARO costs since September 2019, and (4) direct PCEC to place such monies in escrow.

On December 16, 2021, the Court granted Evergreen’s application for a temporary restraining order. Accordingly, the Trust did not dissolve at the end of 2021 and commence the process of selling its assets and winding up its affairs. On January 11, 2022, PCEC and Evergreen filed an agreed stipulation to stay the prosecution of Evergreen’s derivative claims pending an arbitration of such claims. On January 13, 2022, the Court signed an Order dissolving the December 16, 2021, temporary restraining order and entering a new temporary restraining order to preserve the status quo until a tribunal of three arbitrators appointed pursuant to the trust agreement could rule on any request by Evergreen for injunctive relief. On April 11, 2022, PCEC notified the Court that the arbitration panel had issued an order on April 7, 2022, denying Evergreen’s request for injunctive relief. That arbitration order, which was attached to PCEC’s notice to the Court, further stated that no steps could be taken to dissolve the Trust until further order. On April 13, 2022, Evergreen notified the Court that Evergreen had filed a motion for reconsideration with the arbitration panel that same day. That motion for reconsideration remains pending. Any dissolution of the Trust will not occur until after there is an order on Evergreen’s pending motion for reconsideration.

Production Update

PCEC has informed the Trustee that PCEC continues to strategically deploy capital to enhance production. Costs associated with returning wells to service must be recovered before cash flow to the Trust can be created. Although oil prices have improved significantly from their lowest levels in 2020, any monthly payments that PCEC may make to the Trust may not be sufficient to cover the Trust’s administrative expenses and outstanding debt to PCEC, and therefore the likelihood of distributions to the unitholders in the foreseeable future is extremely remote.

Overview of Trust Structure

Pacific Coast Oil Trust is a Delaware statutory trust formed by PCEC to own interests in certain oil and gas properties in the Santa Maria Basin and the Los Angeles Basin in California (the “Underlying Properties”). The Underlying Properties and the Trust’s net profits, and royalty interests are described in the Trust’s filings with the SEC. As described in the Trust’s filings with the SEC, the amount of any periodic distributions is expected to fluctuate, depending on the proceeds received by the Trust as a result of actual production volumes, oil and gas prices, development expenses, and the amount and timing of the Trust’s administrative expenses, among other factors. For additional information on the Trust, please visit https://royt.q4web.com/home/default.aspx.

Cautionary Statement Regarding Forward-Looking Information

This press release contains statements that are "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release, other than statements of historical facts, are "forward-looking statements" for purposes of these provisions. These forward-looking statements include estimates of future asset retirement obligations, expectations regarding the impact of deductions for such obligations on future distributions to unitholders, estimates of future total distributions to unitholders, expectations regarding the outcome of the legal proceedings relating to the Trust and any future dissolution of the Trust, expectations regarding the impact of lower commodity prices on oil and gas reserve estimates, statements regarding the impact of returning shut-in wells to production, expectations regarding PCEC’s ability to loan funds to the Trust, and the amount and date of any anticipated distribution to unitholders. In any case, PCEC’s deductions of its estimated asset retirement obligations will have a material adverse effect on distributions to the unitholders and on the trading price of the Trust units and may result in the termination of the Trust. Any anticipated distribution is based, in part, on the amount of cash received or expected to be received by the Trust from PCEC with respect to the relevant period. Any differences in actual cash receipts by the Trust could affect this distributable amount. The amount of such cash received or expected to be received by the Trust (and its ability to pay distributions) has been and will be significantly and negatively affected by low commodity prices, which declined significantly during 2020, could decline again and could remain low for an extended period of time as a result of a variety of factors that are beyond the control of the Trust and PCEC. Other important factors that could cause actual results to differ materially include expenses related to the operation of the Underlying Properties, including lease operating expenses, expenses of the Trust, and reserves for anticipated future expenses. Statements made in this press release are qualified by the cautionary statements made in this press release. Neither PCEC nor the Trustee intends, and neither assumes any obligation, to update any of the statements included in this press release. An investment in units issued by Pacific Coast Oil Trust is subject to the risks described in the Trust's Annual Report on Form 10-K for the year ended December 31, 2018 filed with the SEC on March 8, 2019, and if applicable, the Trust’s subsequent Quarterly Reports on Form 10-Q. The Trust's Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q are available over the Internet at the SEC's website at http://www.sec.gov.

Pacific Coast Oil Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Sarah Newell
1 (512) 236-6555

MACON, Ga.--(BUSINESS WIRE)--Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and cleaner-emission school buses, announced today its participation in two upcoming investor conferences. The company will be participating in the 19th Annual Craig-Hallum Institutional Investor Conference, held virtually on June 1, 2022 and in the UBS Global Industrials & Transportation Conference held in-person in New York City on June 8, 2022.

To inquire about meeting availability and scheduling, please reach out to:

• Craig-Hallum: This email address is being protected from spambots. You need JavaScript enabled to view it.
• UBS: Katie Oakford at This email address is being protected from spambots. You need JavaScript enabled to view it.

About Blue Bird Corporation

Blue Bird (NASDAQ: BLBD) is recognized as a technology leader and innovator of school buses since its founding in 1927. Our dedicated team members design, engineer and manufacture school buses with a singular focus on safety, reliability, and durability. Blue Bird buses carry the most precious cargo in the world – the majority of 25 million children twice a day – making us the most trusted brand in the industry. The company is the proven leader in low- and zero-emission school buses with more than 20,000 propane, natural gas, and electric powered buses in operation today. Blue Bird is transforming the student transportation industry through cleaner energy solutions. For more information on Blue Bird's complete product and service portfolio, visit www.blue-bird.com. For Blue Bird's line of emission-free electric buses, visit www.bluebirdelectricbus.com.

Mark Benfield
Blue Bird Corporation
(478) 822-2315
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HOUSTON--(BUSINESS WIRE)--Mesa Royalty Trust (the “Trust”) (NYSE: MTR) announced today the Trust income distribution for the month of May 2022. Unitholders of record on May 31, 2022 will receive distributions amounting to $0.250358523 per unit, payable on July 29, 2022. The Trust received $254,904, which came from the New Mexico portion of the Trust’s San Juan Basin properties operated by Hilcorp San Juan LP, an affiliate of Hilcorp Energy Company, and $239,415, which came from the Hugoton Royalty properties operated by Scout Energy Group V, LP. No income was received in May 2022 from the Colorado portion of the Trust’s San Juan Basin properties operated by SIMCOE LLC, an affiliate of IKAV Energy Inc. or from the Colorado portion of the Trust’s San Juan Basin properties operated by Red Willow Production Company. This month, after the Trust’s withholding for cash reserves and the payment of administrative expenses, income from the distributable net profits was $466,566.

The Trust was formed to own an overriding royalty interest of the net proceeds attributable to certain producing oil and gas properties located in the Hugoton field of Kansas and the San Juan Basin fields of New Mexico and Colorado. As described in the Trust's public filings, the amount of the monthly distributions is expected to fluctuate from month to month, depending on the proceeds, if any, received by the Trust as a result of production, oil and natural gas prices and the amount of the Trust’s administrative expenses, among other factors. In addition, as further described in the Trust’s most recent filing on Form 10-Q, distributions to unitholders are expected to be materially reduced during 2022, as the Trust intends to increase cash reserves to a total of $2.0 million to provide added liquidity.

Proceeds reported by the working interest owners for any month are not generally representative of net proceeds that will be received by the Trust in future periods. As further described in the Trust’s Form 10-K and Form 10-Q filings, production and development costs for the royalty interest have resulted in substantial accumulated excess production costs, which will decrease Trust distributions, and in some periods may result in no Trust distributions. The amount of proceeds, if any, received or expected to be received by the Trust (and its ability to pay distributions to unitholders) has been and will continue to be directly affected, among other things, by volatility in the industry and revenues and expenses reported to the Trust by working interest owners. Any additional expenses and adjustments, among other things, will reduce proceeds to the Trust, which will reduce the amount of cash available for distribution to unitholders and in certain periods could result in no distributions to unitholders.

This press release contains forward-looking statements. No assurances can be given that the expectations contained in this press release will prove to be correct. The working interest owners alone control historical operating data, and handle receipt and payment of funds relating to the royalty properties and payments to the Trust for the related royalty. The Trustee cannot assure that errors or adjustments or expenses accrued by the working interest owners, whether historical or future, will not affect future royalty income and distributions by the Trust. Other important factors that could cause these statements to differ materially include delays in actual results of drilling operations, risks inherent in drilling and production of oil and gas properties, declines in commodity pricing, prices received by working interest owners and other risks described in the Trust’s Form 10-K for the year ended December 31, 2021. Statements made in this press release are qualified by the cautionary statements made in such risk factors. The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release. Each unitholder should consult its own tax advisor with respect to its particular circumstances.

Mesa Royalty Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Elaina Rodgers
713-483-6020
http://mtr.q4web.com/home/default.aspx

RYE BROOK, N.Y.--(BUSINESS WIRE)--#LetsSolveWater--Global water technology leader Xylem (NYSE:XYL) was named “Net Zero Carbon Champion” at the 2022 Global Water Awards, recognizing the Company’s work to accelerate the decarbonization of the water sector. In addition to its own commitments to achieve net-zero carbon emissions, Xylem is partnering with utilities, businesses and water managers around the world to help reduce their carbon footprint.

Xylem provides advanced solutions that optimize energy consumption across water networks. The Company’s high-efficiency technologies – such as the Flygt Bibo Alpha pumping system, which reduces energy consumption by up to 60 percent – have helped customers reduce their carbon footprint by 0.7 million metric tons of CO2, the equivalent to keeping 150,000 cars off the road for a year.

“The water sector is uniquely positioned to make a meaningful contribution to containing climate change,” said Austin Alexander, Vice President, Sustainability and Social Impact at Xylem. “We could become one of the fastest sectors to decarbonize. This award belongs to our 17,000-strong team at Xylem, and to our customers and partners, who are all making sure we’re part of the solution.”

The Global Water Award recognizes the work by Xylem and its utility partners to deploy high-efficiency technologies and approaches to reduce greenhouse gas emissions and make progress toward a zero-carbon future. For example, a wastewater treatment plant in Cuxhaven, Germany has cut aeration energy use by 30 percent by implementing artificial intelligence in its treatment system.

Last year, Xylem formalized its commitment to achieve net zero carbon emissions across its value chain before 2050.¹ In addition to driving progress through its technology impacts, the Company is working to build awareness of the net-zero opportunity through contributions like its recent paper “Water Utilities: Moving Fast Toward A Zero-Carbon Future.” In 2021, it also partnered with other industry leaders to engage stakeholders to join the sector’s “Race to Zero.”

The Global Water Awards, an initiative of Global Water Intelligence, recognizes the industry’s greatest achievements, rewarding initiatives and companies in the water, wastewater and desalination sectors that are moving the industry forward with improved operating performance, innovative technology adoption and sustainable financial models.

About Xylem

Xylem (XYL) is a leading global water technology company committed to solving critical water and infrastructure challenges with innovation. Our 17,000 diverse employees delivered revenue of $5.2 billion in 2021. We are creating a more sustainable world by enabling our customers to optimize water and resource management, and helping communities in more than 150 countries become water-secure. Join us at www.xylem.com.

The statements included in this press release regarding future performance and results, expectations, goals, plans, strategies, priorities, commitments, and other statements, including those related to social, environmental and sustainability-related matters, that are not historical facts are forward-looking statements within the meaning of the U.S. federal securities laws. Forward-looking and other statements in this document regarding our environmental and other sustainability plans and goals are not an indication that these statements are necessarily material to investors or are required to be disclosed in our filings with the SEC. In addition, historical, current, and forward-looking social, environmental and sustainability-related statements may be based on standards for measuring progress that are still developing, internal controls and processes that continue to evolve, and assumptions that are subject to change in the future. Forward-looking statements are based upon current beliefs, expectations, and assumptions and are subject to significant risks, uncertainties, and changes in circumstances that could cause actual results to differ materially from the forward-looking statements. A detailed discussion of risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements is included in our risk factors, as they may be amended from time to time, set forth in our filings with the SEC, including in “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2021. Readers of this press release are cautioned not to rely on these forward-looking statements, since there can be no assurance that these forward-looking statements will prove to be accurate. We expressly disclaim any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

¹ In September 2021, Xylem announced commitments to Science-Based Target aligned to a 1.5oC reduction by 2030 (Scope 1, 2 and 3) and Net Zero emissions (Scope 1, 2 and 3) before 2050.

Houston Spencer
+1 (914) 240-3046
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Renewable energy will be forecasted, sourced, delivered and utilized in order to meet or exceed energy sustainability goals

HOUSTON & PRINCETON, N.J.--(BUSINESS WIRE)--RPD Energy and Scoville Risk Partners are pleased to announce they have formed a strategic partnership, leveraging RPD Energy’s innovative renewable energy solutions with Scoville Risk Partners’ robust, strategy-led energy advisory and analytics platform.

The RPD Energy-Scoville Risk Partners partnership brings together deep, comprehensive skills in energy strategy and analytics, allowing renewable energy to be forecasted, sourced, delivered and utilized, thereby reinforcing a commitment to a carbon-zero world by facilitating 24/7 energy solutions to help support U.S. companies in meeting or exceeding their energy sustainability goals.

“With the addition of robust analytics and forecasting, we believe this partnership enables even more impactful renewable energy solutions for our clients,” said Eric Alam, RPD Energy CEO. “U.S. companies want a clear path to renewable energy leading to a 24/7 product. This partnership will allow us to succeed in enabling our clients to meet and even exceed their renewable energy goals.”

With the growing need for U.S. businesses to utilize and support the development of 24/7 renewable energy, acquiring dependable renewable energy for strategic resource planning is crucial. Both Scoville Risk Partners and RPD Energy recognize the need to support the development of renewable energy solutions to lead efforts in decarbonization and continue to serve as proactive players in fighting climate change.

By virtually connecting RPD Energy’s database of U.S. companies that require renewable energy solutions with Scoville Risk Partners’ deep energy analytics capabilities, the collaboration represents a strong, innovative way to serve the needs of U.S. businesses and propel 24/7 carbon-free energy into the marketplace.

Scoville Risk Partners is currently funded by ARPA-E (jointly with Princeton University and UCSB) to design next-generation probabilistic models of the behavior of large sets of renewables assets and to develop market structures that can accommodate high renewables footprint. This research has resulted in state-of-the-art simulation methodologies for future renewables production correlated realistically across assets.

“Partnering with RPD Energy to deliver robust renewable energy plans will allow us to provide the very best energy analytics solutions on which we’ll design and build powerful renewable energy plans for U.S. businesses,” said Glen Swindle, Managing Partner at Scoville Risk Partners. “Working as one team, we will unlock the full potential of 24/7 renewable energy and lead our clients on the best path for success in their sustainability and net zero goals.”

The RPD Energy-Scoville Risk Partners partnership is a powerful alliance. Scoville Risk Partners’ keen advisory abilities, along with its deep energy analytics expertise, is uniquely complimentary to renewable energy projects, providing lasting value.

About RPD Energy

RPD Energy, formerly Renewable Power Direct, markets directly sourced renewable electricity to large commercial and industrial customers. RPD was founded in 2014 and is authorized by the Federal Energy Regulatory Commission to act as a wholesale power marketer. RPD’s product offering includes facilitating the sourcing, contracting and delivery of renewable energy products to U.S. businesses in deregulated markets. RPD creates custom and unique renewable energy solutions by drawing upon their team’s one hundred plus years of combined experience in the energy industry. For more information, please visit www.rpdenergy.com.

About Scoville Risk Partners

Scoville Risk Partners specializes in valuation, risk management and portfolio analytics in the energy and commodities sectors, utilizing extensive commercial experience to provide a full range of outsourced analytic solutions and advisory services. Their proprietary technology solutions provide clients with efficient and accurate analysis of complex portfolios across a broad range of financial and physical assets. Scoville’s advisory services are a combination of quantitative skills and trading experience that put the company in a unique position to assist clients in asset acquisitions, enterprise valuation and transaction structuring. Scoville’s existing client base includes investment banks and utilities, private equity firms, independent generation owners and retail energy suppliers. For more information, please visit https://scovilleriskpartners.com.

Kerri Fulks
PR Support for RPD Energy
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214-549-9837

One day immersive summit will include speakers from the US Department of Energy, Rheaply, UL, Colorado Clean Energy Fund, and MIT amongst other innovators that are helping to accelerate decarbonization in natural resources, transportation, and manufacturing

DENVER--(BUSINESS WIRE)--Nomadic Venture Partners (NVP), a climate tech venture capital firm that invests in digital solutions that decarbonize incumbent industries, released the full agenda for its upcoming Industrial Climate Tech Summit. The event will take place Wednesday, June 1st from 8:00 a.m. MDT to 5:00 p.m. MDT at Colorado School of Mines in Golden, CO. The objective of this event is to further solidify the Midwest and Colorado as a leading climate tech ecosystem that drives towards a net zero future.

With the industrial sector contributing to 30% of greenhouse gas emissions and its expected growth, collaboration between business leaders, innovators, policymakers and others in the ecosystem is essential to achieve net zero in the industrial sector. Investors, policymakers, corporations, incubators, and entrepreneurs who are developing innovative solutions for mining, manufacturing, and transportation industries will be brought together. The Summit will feature discussions on how the industrial sectors can contribute to a sustainable world from industry leaders, including Sergey Paltsev, Deputy Director of the MIT Joint Program on the Science and Policy of Global Change, Garry Cooper, CEO and Co-Founder of Rheaply, Johannah Schmidtke, Senior Advisor (CONTR) to the Loan Programs Office at the US Department of Energy, and Morgan Bazilian, Director of the Payne Institute and a Professor of Public Policy at the Colorado School of Mines.

The full agenda may be accessed at: nomadicvp.com/summit

According to the International Energy Agency, the concerted effort to reach the goals of the Paris Agreement would mean quadrupling mineral requirements for clean energy technologies by 2040. Achieving net-zero globally by 2050 would require six times more critical mineral inputs in 2040 than today. The transition to clean energy is going to be difficult to achieve without the metals and mining, and manufacturing sectors playing even more of a sustainable role. By joining with the Colorado School of Mines, a public research university with expertise in science and engineering and an emphasis on developing entrepreneurship and innovation, Managing Partners of NVP, Batchimeg Ganbaatar and Tem Tumurbat, have aligned their missions to create sustainable solutions in these hard-to-abate sectors.

“There is a lack of industrial-focused climate tech events with a mission to help decarbonize metals and mining, manufacturing, and heavy duty transportation, and we want to further develop the ecosystem around industrial climate tech,” said Tem Tumurbat, Managing Partner of Nomadic Venture Partners. “As a very proud Colorado School of Mines alum, I’m excited to return to the institution that clearly values innovative solutions for industrial climate tech and catalyzes conversations so that more companies may meet their net zero goals.”

“The Office of Entrepreneurship and Innovation at Colorado School of Mines is happy to co-host the Industrial Climate Technology Summit here in Golden,” said Werner G. Kuhr, Ph.D., Director, Office for Entrepreneurship and Innovation at Colorado School of Mines. “We are excited to focus attention on the opportunity to innovate and invest in Climate tech initiatives and welcome the opportunity to work with Nomadic Venture Partners to create a vibrant ecosystem in the development of sustainable technology. We see tremendous interest in this sector from our students, faculty and alumni and are excited to support their efforts in commercialization of new technologies.”

While industrial sectors generate the largest portion of global emissions, they receive the least amount of climate tech venture capital investment. NVP is working to generate more investment into industrial climate tech startups. To register for the Industrial Climate Tech Summit, visit eventbrite.com/e/industrial-climate-tech-summit-tickets.

About Nomadic Venture Partners

Nomadic Venture Partners is a climate tech venture capital firm investing in pre-seed to series A companies decarbonizing natural resources, manufacturing, and transportation sectors. NVP is a midwest, minority-owned firm targeting digital and light hardware solutions, accelerating companies to achieve their net zero targets. For more information about NVP, visit nomadicvp.com.

Twitter: https://twitter.com/nomadicvp

LinkedIn: https://www.linkedin.com/company/nomadicvp/

Amy Geldean
3Points Communications
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NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, is convening its 2022 annual general meeting of shareholders (the "AGM") to be held on Wednesday, June 15, 2022, at 3:00 pm Central European Time. The Annual General Meeting will be held solely via video conference initiated from Luxembourg, Grand Duchy of Luxembourg.

Access to the video conference, convening notice, and other documents distributed to the shareholders prior to the AGM, can be found here: https://ir.freyrbattery.com/calendar/event-details/2022/2022-Annual-General-Meeting-of-Shareholders/

In advance of the AGM, FREYR has published the company’s 2021 Annual Report, featuring the Chief Executive Officer’s letter, and information on FREYR’s people, policies, commitment to Environmental Social and Governance best practices, and strategy.

FREYR's 2021 Annual Report on Form 10-K for the year ended December 31, 2021 (the "2021 Annual Report") was initially filed with the U.S. Securities and Exchange Commission on March 9, 2021, and can be downloaded from the SEC's website (http://www.sec.gov). Our 2021 Annual Report is also available on our corporate website (https://ir.freyrbattery.com/Financials/annual-reports/default.aspx). Hard copies of our complete 2021 audited financial statements can be ordered, free of charge, by contacting the company.

About FREYR Battery

FREYR Battery aims to provide industrial scale clean battery solutions to reduce global emissions. Listed on the New York Stock Exchange, FREYR’s mission is to produce green battery cells to accelerate the decarbonization of energy and transportation systems globally. FREYR has commenced building the first of its planned factories in Mo i Rana, Norway and announced potential development of industrial scale battery cell production in Vaasa, Finland, and the United States. FREYR intends to deliver up to 43 GWh of battery cell capacity by 2025 and up to 83 GWh annual capacity by 2028. To learn more about FREYR, please visit www.freyrbattery.com

Investor contact:
Jeffrey Spittel
Vice President, Investor Relations
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Tel: (+1) 281-222-0161

Media contact:
Katrin Berntsen
Vice President, Communication and Public Affairs
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Tel: (+47) 920 54 570

WASHINGTON--(BUSINESS WIRE)--The United States Trade and Development Agency (USTDA) has awarded a grant to DOE Americas LLC via its affiliate, Mekong Clean Energy Infrastructure Co., Ltd. (MCEI) in Vietnam.

This grant, awarded on May 11, will be focused on the feasibility study of the 500-kilovolt (kV) transmission line in Vietnam for the Bac Lieu 3.2-gigawatt (GW) power plant that will enable a multitude of renewables projects in the southern provinces to be connected to the national grid for the next 25 years.

“The grant provides endorsement by the U.S. government to provide affordable and reliable clean energy to the country and people of Vietnam,” said Ian Nguyen, Managing Director, Delta Offshore Energy. “This government-to-government partnership will support Vietnam to achieve its goal of carbon neutrality by 2050 and support economic development for its people as declared at the 26th U.N. Climate Change Conference of Parties (COP26).”

The special ceremony was attended by U.S. Secretary of Commerce Gina M. Raimondo, USTDA Director Enoh T. Ebong, the prime minister of Vietnam, His Excellency Pham Minh Chinh, and nine of his top ministers, including Minister of Industry and Trade (MOIT) H.E. Nguyen Hong Dien. Black & Veatch Management Consulting LLC (Black & Veatch) was represented by its vice president and senior managing director, Deepa Poduval, and Delta Offshore Energy Americas LLC was represented by managing director Bobby Quintos.

U.S.-based engineering and construction firm Black & Veatch will be responsible for the execution of the feasibility study in the United States and Vietnam.

“Development of the Thot Not transmission line will address a key strategic concern of the Bac Lieu LNG-to-Power project and ensure the real benefits of lower carbon energy are dispatched reliably and effectively to the people of Vietnam,” said Poduval, Black & Veatch’s global advisory lead. “Black & Veatch is committed to continue supporting Vietnam in achieving new levels of technical and commercial success as it delivers upon its ambitious energy transition plans.”

Black & Veatch will engage with the Institute of Energy of the Socialist Republic of Vietnam in preparing the feasibility study on Vietnam-specific matters.

“This USTDA grant for the feasibility study of the 500-kV transmission line from Bac Lieu to Thot Not will enable many renewable projects along the route that would not have been realized without the 500-kV line to evacuate their electricity. The USTDA grant also supports very good American jobs at home and levels the playing field for U.S. companies to compete abroad,” Delta Offshore Energy Americas, LLC’s Quintos said.

About Black & Veatch

Black & Veatch is a 100-percent employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure assets. Our revenues in 2021 exceeded US$3.3 billion. Follow us on www.bv.com and on social media.

JIM SUHR | +1 913-458-6995 P | +1 314-422-6927 M | This email address is being protected from spambots. You need JavaScript enabled to view it.
24-HOUR MEDIA HOTLINE | +1 855-999-5991

Floating LNG Terminal will provide energy security and supply diversification to Finland while also serving more broadly the needs of the Baltic Sea region

HELSINKI, Finland--(BUSINESS WIRE)--Excelerate Energy, Inc. (NYSE: EE) (“Excelerate”) and a subsidiary of Gasgrid Finland Oy (Gasgrid Finland) today signed a ten-year contract in Helsinki to charter a floating storage and regasification vessel (FSRU) that will provide flexible, reliable, and secure liquefied natural gas (LNG) to Finland, Estonia, and the Baltic Sea Region.

Excelerate President and CEO Steven Kobos, Gasgrid Finland CEO Olli Sipilä and Gasgrid Finland Chairman of the Board Kai-Petteri Purhonen signed the contract at the Government Palace in Helsinki in a ceremony also attended by Minister of Finance Annika Saarikko, Director-General for Energy Riku Huttunen, and U.S. Ambassador to Finland Douglas Hickey.

Under the time charter party agreement, Excelerate will deploy its FSRU Exemplar to provide regasification services in Southern Finland. The Exemplar has storage capacity of 150,900 m³ of LNG and can provide more than 5 billion cubic meters per year (bcm/y) of regasification capacity.

Per the cooperation agreement signed on May 4 by Gasgrid Finland and Estonia’s gas transmission operator Elering AS, the FSRU may be located in an Estonian port this winter if the port structures are not yet completed in Finland. The Governments of Finland and Estonia published a memorandum of understanding on April 29 agreeing to jointly lease an FSRU.

“Flexible access to LNG is a critical component of European energy security,” said Steven Kobos, President and Chief Executive Officer of Excelerate. “We are honored to collaborate with Gasgrid Finland to deliver essential energy infrastructure that will benefit Finland and more broadly the Baltic Sea region. As a leader in flexible LNG solutions, Excelerate is proud to support the goals of the U.S.-EU Task Force for Energy Security, which include diversifying LNG supplies in alignment with climate objectives."

Olli Sipilä, CEO of Gasgrid said, “We are glad that we were able to sign the agreement on such a fast schedule. It required the committed contribution of dozens of top professionals, for which I am very grateful. The project requires seamless cooperation between different actors as well in the future, and the project is progressing as planned. Leasing an LNG terminal vessel is extremely important, as it ensures security of supply for gas supplies in both Finland and Estonia. On the other hand, we see that there is a need for the terminal in the wider Baltic Sea region and it has been received with interest.”

About Excelerate Energy:

Excelerate Energy, Inc. is a U.S.-based LNG company located in The Woodlands, Texas. Founded in 2003 by George B. Kaiser, Excelerate is changing the way the world accesses cleaner forms of energy by providing integrated services along the LNG value chain with an objective of delivering rapid-to-market and reliable LNG solutions to customers. Excelerate offers a full range of flexible regasification services from FSRU to infrastructure development to LNG supply. Excelerate has offices in Abu Dhabi, Antwerp, Boston, Buenos Aires, Chattogram, Dhaka, Doha, Dubai, Manila, Rio de Janeiro, Singapore, and Washington, DC.

About Gasgrid Finland Oy:

Gasgrid Finland Oy is a Finnish state-owned company and transmission system operator with system responsibility. We offer our customers safe, reliable, and cost-efficient transmission of gases. We actively develop our transmission platform, services, and the gas market in a customer-oriented manner to promote the carbon-neutral energy and raw material system of the future. Find out more: www.gasgrid.fi/

Excelerate Contacts
Investors
Craig Hicks
Excelerate Energy
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Media
Stephen Pettibone / Frances Jeter
Sard Verbinnen & Co
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or
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Gasgrid Finland Contacts
Olli Sipilä, CEO, Gasgrid Finland Oy, +358 40 589 4686, This email address is being protected from spambots. You need JavaScript enabled to view it.
Esa Hallivuori, Head of Gas market Unit, Gasgrid Finland Oy, +358 40 581 5027, This email address is being protected from spambots. You need JavaScript enabled to view it.

Media inquiries:
Engela Gyldén, Gasgrid Finland Oy, +358 45 885 1008, This email address is being protected from spambots. You need JavaScript enabled to view it.

HOUSTON--(BUSINESS WIRE)--PrimeEnergy Resources Corporation (NASDAQ: PNRG) announced today net income of $11.1 million, $5.62 per share, for the quarter ended March 31, 2022. During the period cash flow from operations and the sale of properties totaled $23.3 million and excess cash has been used to reduce bank debt. Currently the Company has no borrowings outstanding on its credit facility with $50 million of availability. The borrowing base redetermination is scheduled for June 2022 and the Company expects the availability to increase 50% to approximately $75 million.

Oil and natural gas production and the average prices received (excluding gains and losses from derivatives) for the three months ended March 31, 2022 and 2021 were as follows:

Total assets at March 31, 2022 were $205,487,000 compared to $210,914,000 at December 31, 2021.

PrimeEnergy is an independent oil and natural gas company actively engaged in acquiring, developing and producing oil and natural gas, and providing oilfield services, primarily in Texas and Oklahoma. The Company’s common stock is traded on the Nasdaq Stock Market under the symbol PNRG. If you have any questions on this release, please contact Connie Ng at (713) 735-0000 ext 6416.

Forward-Looking Statements

This Report contains forward-looking statements that are based on management's current expectations, estimates and projections. Words such as "expects," "anticipates," "intends," "plans," "believes", "projects" and "estimates," and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, and are subject to the safe harbors created thereby. These statements are not guarantees of future performance and involve risks and uncertainties and are based on a number of assumptions that could ultimately prove inaccurate and, therefore, there can be no assurance that they will prove to be accurate. Actual results and outcomes may vary materially from what is expressed or forecast in such statements due to various risks and uncertainties. These risks and uncertainties include, among other things, the possibility of drilling cost overruns and technical difficulties, volatility of oil and gas prices, competition, risks inherent in the Company's oil and gas operations, the inexact nature of interpretation of seismic and other geological and geophysical data, imprecision of reserve estimates, and the Company's ability to replace and expand oil and gas reserves. Accordingly, stockholders and potential investors are cautioned that certain events or circumstances could cause actual results to differ materially from those projected.

Connie Ng, (713) 735-0000 ext 6416

NEWBURY PARK, Calif.--(BUSINESS WIRE)--Kolibri Global Energy Inc. (the “Company” or “KEI”) (TSX: KEI, OTCQB: KGEIF (temporarily: KGEID)), announces that its indirect wholly owned subsidiary BNK Petroleum (US) Inc. (“BNK US”) has entered into a new US $75 million revolving line of credit (“new facility”) from BOK Financial (“BOKF”) with an initial commitment amount of US$20,000,000.

The new facility has a four year term and provides for interest only payments until the June 2026 maturity date, with bi-annual scheduled reserve redeterminations. Initial proceeds from the new facility were used to fund the re-payment of BNK US’ previous facility with BOKF. The new facility bears interest at a per annum rate equal to an elected SOFR rate plus a margin ranging from 3% to 4%, depending on the borrowing base utilization amount. The Company currently has US$16.2 million drawn on the new facility which bears interest at 4.64%, assuming the current SOFR rate.

Post consolidation the Company’s ticker remains KEI on the TSX. On the OTCQB due to the consolidation the ticker has temporarily changed to KGEID for 20 business days, at which time it will revert back to KGEIF.

Commenting on the new facility, Wolf Regener, President and CEO, said, “We appreciate having BOKF’s continued support of our Tishomingo project. The new loan provides us with additional credit available and extended maturity to June 2026. We plan to use this facility and our cash flow to continue our 2022 drilling program in the 3^rd quarter.”

About Kolibri Global Energy Inc.

Kolibri Global Energy Inc. is an international energy company focused on finding and exploiting energy projects in oil, gas and clean and sustainable energy. Through various subsidiaries, the Company owns and operates energy properties in the United States. The Company continues to utilize its technical and operational expertise to identify and acquire additional projects. The Company's shares are traded on the Toronto Stock Exchange under the stock symbol KEI and on the OTCQB under the stock symbol KGEIF.

Caution Regarding Forward-Looking Information

Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws, including statements regarding payments under the credit facility and the Company’s plans and objectives. Forward-looking information is based on plans and estimates of management and interpretations of data by the Company's technical team at the date the data is provided and is subject to several factors and assumptions of management, including that that indications of early results are reasonably accurate predictors of the prospectiveness of the shale intervals, that required regulatory approvals will be available when required, that no unforeseen delays, unexpected geological or other effects, including flooding and extended interruptions due to inclement or hazardous weather conditions, equipment failures, permitting delays or labor or contract disputes are encountered, that the necessary labor and equipment will be obtained, that the development plans of the Company and its co-venturers will not change, that the offset operator’s operations will proceed as expected by management, that the demand for oil and gas will be sustained, that the Company will continue to be able to access sufficient capital through financings, farm-ins or other participation arrangements to maintain its projects, and that global economic conditions will not deteriorate in a manner that has an adverse impact on the Company's business, its ability to advance its business strategy and the industry as a whole. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to, the risk that any of the assumptions on which such forward looking information is based vary or prove to be invalid, including that the Company or its subsidiaries is not able for any reason to obtain and provide the information necessary to secure required approvals or that required regulatory approvals are otherwise not available when required, that unexpected geological results are encountered, that equipment failures, permitting delays labor or contract disputes or shortages of equipment or labor are encountered, the risks associated with the oil and gas industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration and development projects or capital expenditures; the uncertainty of reserve and resource estimates and projections relating to production, costs and expenses, and health, safety and environmental risks, including flooding and extended interruptions due to inclement or hazardous weather conditions), the risk of commodity price and foreign exchange rate fluctuations, that the offset operator’s operations have unexpected adverse effects on the Company’s operations, that completion techniques require further optimization, that production rates do not match the Company’s assumptions, that very low or no production rates are achieved, that the Company is unable to access required capital, that occurrences such as those that are assumed will not occur, do in fact occur, and those conditions that are assumed will continue or improve, do not continue or improve, and the other risks and uncertainties applicable to exploration and development activities and the Company's business as set forth in the Company's management discussion and analysis and its annual information form, both of which are available for viewing under the Company's profile at www.sedar.com, any of which could result in delays, cessation in planned work or loss of one or more concessions and have an adverse effect on the Company and its financial condition. The Company undertakes no obligation to update these forward-looking statements, other than as required by applicable law.

Wolf E. Regener, +1 (805) 484-3613
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.kolibrienergy.com

Gas utility is one of 31 named based on surveys among 79,223 residential electric, natural gas and combination utility customers of the 140 largest U.S. utility companies

PORTLAND, Ore.--(BUSINESS WIRE)--NW Natural, a 163-year-old natural gas utility based in Portland, was recently named a 2022 Environmental Champion by Escalent, based on a survey of 79,223 gas and electric utility customers from the nation’s largest 140 utilities.

The survey is from Escalent’s Environmental Dedication score and according to Cogent Syndicated’s 2022 Utility Trusted Brand & Customer Engagement program.

Since 2014, Escalent’s Environmental Dedication score comprises customer ratings of utility actions to build strong environmental stewardship. Among those actions, customers rate utilities highest on providing programs and tools that help them lower their energy consumption and on being committed to clean energy. Learn more about the survey here.

Read more about NW Natural’s commitment to a low-carbon future at nwnatural.com/destinationzero.

About NW Natural

NW Natural is a local distribution company that currently provides natural gas service to approximately 2.5 million people in more than 140 communities through more than 785,000 meters in Oregon and Southwest Washington with one of the most modern pipeline systems in the nation. NW Natural consistently leads the industry with high J.D. Power & Associates customer satisfaction scores. NW Natural, a part of Northwest Natural Holding Company, (NYSE: NWN) (NW Natural Holdings), is headquartered in Portland, Oregon, and has been doing business for more than 160 years. NW Holdings owns NW Natural, NW Natural Renewables Holdings (NW Natural Renewables), NW Natural Water Company (NW Natural Water), and other business interests. We have a longstanding commitment to safety, environmental stewardship, and taking care of our employees and communities. Learn more in our latest ESG Report.

Media Contact:
Stefanie Week, This email address is being protected from spambots. You need JavaScript enabled to view it., 503.739.9902

DUBLIN--(BUSINESS WIRE)--The "Africa Nitrogen Generators Market: Prospects, Trends Analysis, Market Size and Forecasts up to 2027" report has been added to ResearchAndMarkets.com's offering.

The country research report on Africa nitrogen generators market is a customer intelligence and competitive study of the Africa market. Moreover, the report provides deep insights into demand forecasts, market trends, and, micro and macro indicators in the Africa market.

Also, factors that are driving and restraining the nitrogen generators market are highlighted in the study. This is an in-depth business intelligence report based on qualitative and quantitative parameters of the market.

Additionally, this report provides readers with market insights and a detailed analysis of market segments to possible micro levels. The companies and dealers/distributors profiled in the report include manufacturers & suppliers of the nitrogen generators market in Africa.

Segments Covered

The report on Africa nitrogen generators market provides a detailed analysis of segments in the market based on type, and end-user.

Segmentation Based on Type

• PSA Nitrogen Generator
• Cryogenic Nitrogen Generator
• Membrane Nitrogen Generator

Segmentation Based on End-User

• Electrical & Electronics
• Transportation
• Chemicals
• Medical & Pharmaceuticals
• Others

Highlights of the Report

The report provides detailed insights into:

1) Demand and supply conditions of the nitrogen generators market

2) Factor affecting the nitrogen generators market in the short run and the long run

3) The dynamics including drivers, restraints, opportunities, political, socioeconomic factors, and technological factors

4) Key trends and future prospects

5) Leading companies operating in the nitrogen generators market and their competitive position in Africa

6) The dealers/distributors profiles provide basic information of top 10 dealers & distributors operating in (Africa) the nitrogen generators market

7) Matrix: to position the product types

8) Market estimates up to 2027

The report answers questions such as:

1) What is the market size of the nitrogen generators market in Africa?

2) What are the factors that affect the growth in the nitrogen generators market over the forecast period?

3) What is the competitive position in Africa nitrogen generators market?

4) What are the opportunities in Africa nitrogen generators market?

5) What are the modes of entering Africa nitrogen generators market?

Key Topics Covered:

1. Report Overview

2. Executive Summary

3. Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.2.4. Challenges

3.3. PEST-Analysis

3.4. Porter's Diamond Model for Africa Nitrogen Generators Market

3.5. IGR-Growth Matrix Analysis

3.6. Competitive Landscape in Africa Nitrogen Generators Market

4. Africa Nitrogen Generators Market by Type

4.1. PSA Nitrogen Generator

4.2. Cryogenic Nitrogen Generator

4.3. Membrane Nitrogen Generator

5. Africa Nitrogen Generators Market by End-User

5.1. Electrical & Electronics

5.2. Transportation

5.3. Chemicals

5.4. Medical & Pharmaceuticals

5.5. Others

6. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/tyz4zf

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
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Some Simple Tips Can Help Save Lives in a Crisis

OAKLAND, Calif.--(BUSINESS WIRE)--One of the most important safety tips shared by Pacific Gas and Electric Company (PG&E) is to treat all downed powerlines as if they are energized and keep away. Circumstances, however, can become more complicated if a powerline is in the path of an evacuation route.

“It’s very unusual for a powerline to make contact with a vehicle, but should that occur, we want our customers to be prepared with the knowledge that can save their lives,” said Frank Fraone, PG&E public safety specialist. “This is especially important when discussing evacuation plans with your family and friends, since wildfires and earthquakes can cause powerlines to fall.”

PG&E has tips and a helpful video to keep you and your loved ones safe on the road.

If you see a downed powerline:

• If you see a low-hanging or downed powerline, assume it is energized and extremely dangerous.
• Keep yourself and others away, and do not touch or try to move a downed line. Be sure to remain a minimum of 30 feet away on a dry surface and 60 feet away on a wet surface.
• Report downed powerlines immediately by calling 911 and by calling PG&E at 1-800-743-5000.

If you are evacuating due to an emergency, and downed powerlines are blocking your path:

• Always seek a safe route that does not have downed powerlines.
• If there is no evacuation route clear of powerlines and you have no other choice, drive slowly over the powerlines to prevent the lines from becoming tangled with your vehicle. Stay inside the vehicle at all times.
• If powerlines become entangled with the vehicle, stop, call 9-11 and remain inside the vehicle until first responders arrive on-site and provide direction

If your vehicle comes in contact with a downed powerline:

• Stay inside! The safest place is in your car. The ground around your car may be energized.
• Honk the horn, roll down your window and yell for help.
• Warn others to stay away. Anyone who touches the equipment or ground around the vehicle may be injured.
• Use your mobile phone to call 911.
• Fire department, police and PG&E workers will tell you when it is safe to get out of the vehicle.

If there is a fire and you must exit a vehicle that has come in contact with downed powerlines:

• Remove loose items of clothing.
• Cross your arms across your chest and jump clear of the vehicle, so you are not touching the car when your feet hit the ground.
• Once outside the vehicle, do not touch the car.
• Keep both feet close together and shuffle away from the vehicle without picking up your feet.
• Shuffle at least 30 feet away on a dry surface and 60 feet away from the line on a wet surface.

Additional driving tips:

• Traffic Signals: If traffic signals are out or flashing red, come to a full stop at every intersection, and proceed as you would at a four-way stop.
• Keep emergency gear in your car when you’re traveling, including:
  • Cell phone
  • Flashlights
  • Jumper cables
  • Blankets
  • Warning devices (such as flares or reflectors)

Learn more at safetyactioncenter.pge.com.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit www.pge.com/ and http://www.pge.com/about/newsroom/.

MEDIA RELATIONS:
415-973-5930