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Next generation zero-touch Edge Computing platform delivers 2X performance over first generation

MAYNARD, Mass.--(BUSINESS WIRE)--Stratus Technologies, the global leader in simplified, protected, and autonomous Edge Computing platforms, today announced the general availability and shipping of the Stratus® ztC™ Edge 200i and 250i platforms. The 2nd generation ztC Edge delivers up to 2X performance over the prior generation and continues to combine built-in application virtualization, fault tolerance, and zero-touch operation to enable digital transformation at the edge.


Both the ztC Edge 200i and 250i are available for shipping and may be ordered through Stratus’ extensive network of Authorized Partners and distributors.

Andreas Linn, Support Manager, Nonstop Technologies, GmbH said, “The increased performance of the ztC Edge 200i and 250i extends their scope of application to all systems in the operation technology (OT) area. The new ability to license an individual node and easily add a second node later, depending on a customer‘s high availability or fault tolerance requirements, allows more flexible project design. We plan to deploy the second generation ztC Edge in a variety of use cases from access control to pipeline surveillance to manufacturing automation – all areas where IT personnel are limited and zero-touch reliability is therefore critical.”

According to Craig Resnick, Vice President, ARC Advisory Group, “Despite the growing convergence of OT and IT, Edge Computing platforms used in industrial applications typically remain under the day-to-day jurisdiction of OT teams, whose expertise is installing, operating, and servicing automation equipment, not IT. This is why the market requires zero-touch Edge Computing platforms. The 2nd generation ztC Edge addresses the market need for more powerful, fault tolerant Edge Computing that runs continuously without the need of IT personnel. This enables users to accelerate their digital transformation journey at the edge while providing tremendous savings in time and personnel costs and reducing unscheduled downtime.”

Digital Transformation with ztC Edge

The ztC Edge platform is a rugged, secure, highly automated Edge Computing platform that protects and delivers critical applications quickly, reliably, and efficiently in distributed, under-resourced locations, supporting increased operational efficiency and elimination of downtime.

Purpose-built for operational technology (OT) while meeting standard IT performance and security requirements, ztC Edge can quickly be installed at a single location or across multiple locations without the need for specialized IT skills. The platform is ideal for running critical applications and building Smart Machines in Pharma, Chemicals, Oil & Gas, Food & Beverage, and other industries where data loss and downtime are unacceptable.

2nd Generation Platform Key Features

Second generation ztC Edge users benefit from:

  • Greater CPU power – up to 10 Intel® Xeon cores to process larger workloads, more thin clients, and more complex applications
  • Incorporation of ECC memory – support for ECC memory optimized for critical applications and data
  • Upgrade to NVMe storage – support for faster and more advanced NVMe storage, up to 2 TB, enabling local or on-machine historians
  • More flexible deployment – ability to deploy ztC Edge and easily pair additional ztC Edge platforms later to add capacity as well as high availability or fault tolerance, offering more supply chain flexibility for both VARs and end users

The 2nd generation platforms also carry UL Class I Div 2 certification and IP40 rating making them ideal for industrial environments. Platforms are designed based on ISA/IEC 62443 security standards and continue to enable OT and IT convergence with simple plug-n-play deployment and self-monitoring maintenance to reduce the need for IT support.

Additional Resources

About Stratus

For leaders digitally transforming their operations to drive predictable, peak performance with minimal risk, Stratus ensures the continuous availability of business-critical applications by delivering zero-touch Edge Computing platforms that are simple to deploy and maintain, protected from interruptions and threats, and autonomous. For 40 years, we have provided reliable and redundant zero-touch computing, enabling global Fortune 500 companies and small-to-medium sized businesses to securely and remotely turn data into actionable intelligence at the Edge, cloud and data center – driving uptime and efficiency. For more information, please visit www.stratus.com or follow on Twitter @StratusAlwaysOn and LinkedIn @StratusTechnologies.


Contacts

Press Contact
Kristin Albano
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978-461-7019

  • “Park, Plug, and Pay” strategic partnership helps bridge the gap for EV owners adding convenient charging opportunities where they are needed most
  • Single scalable solution allows owners and operators to incorporate EV charging to differentiate their locations and increase revenue
  • Integration offers drivers the convenience of charging vehicles during a parking session, paying for charging and parking in one transaction

LOS ANGELES--(BUSINESS WIRE)--SKIDATA, the world leader in parking access and revenue management, and Schneider Electric, the global leader in the digital transformation of energy management and automation, today announced a partnership to provide a seamless EV charging solution for parking managers and their customers as electric vehicle (EV) adoption becomes more widespread. Through this partnership, which includes Schneider Electric’s extensive network of partners, parking owners and operators will have access to a single-source integrated EV solution that will include EV charging equipment and infrastructure, as well as a payment platform that allows drivers to pay for charging as part of their parking transaction.

“The automobile’s electric future is just around the corner, and parking facilities will play the leading role in providing charging and in the long term future we see, in terms of Parking Structures, that they become a critical part of the whole USA transportation and energy delivery systems through initiatives like Microgrids / Solar and Vehicle to Grid technologies,” said Darrell Smithson, President NAM for SKIDATA. “Through this partnership we’ll be able to provide parking owners and operators a one-stop EV solution that will allow them to offer their customers seamless charging and payment. It will make EV charging incredibly simple and convenient.”

SKIDATA is the leading supplier of parking management equipment in the USA to airports, public transportation, cities, shopping, sports, and events. 14 entities with over 175 parking locations have been identified for the first round of EVSE deployment.

As part of this partnership, Schneider Electric will create an individualized EV infrastructure plan for the parking facility and provide the infrastructure for each site. EV Connect will bring the charging stations onto its network to provide continuous monitoring, and the charging units will be integrated into SKIDATA’s payment platform for a single point of interaction for parkers. This single scalable solution will allow parking owners and operators to easily integrate EV charging, differentiating themselves from competitors and opening a new revenue source to strengthen their business.

“Widespread electrification of transportation is elemental to decarbonizing, and as the most sustainable company in the world, we are proud to partner with leaders like SKIDATA helping us to transform into a new electric world. Establishing new innovative business models in the parking industry will further enable electrification and ease friction in user experience,” said Ashley Horvat, VP Head of eMobility, North America, Schneider Electric. “As parking owners and operators look to embrace EV charging, our solutions will allow them to meet the changing needs of their customers, and provides a competitive advantage that elevates their locations above their competition with this simple “Park, Plug, & Pay” package.

“To maximize the benefits and opportunities presented by the electrification of transportation, charging infrastructure must be easy for parking lot operators and management companies,” says Patrick Macdonald-King, chief operating officer at EV Connect. “We are thrilled to put our experience to work in the deployment and management of EV charging infrastructure with SKIDATA and Schneider Electric. The ability to make seamless integrations with parking lot and load management systems simple is central to preparing parking owners and operators for an electrified future.”

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

About SKIDATA

SKIDATA is an international leader in the field of access solutions and their management. Almost 10,000 SKIDATA installations worldwide in ski resorts, stadiums, airports, shopping malls, cities, spa & wellness facilities, trade fairs and amusement parks provide secure and reliable access and entry control for people and vehicles. SKIDATA places great value in providing solutions that are intuitive, easy to use, and secure. The integrated concepts of SKIDATA solutions help clients optimize performance and maximize profits. SKIDATA Group (www.skidata.com) belongs to the publicly traded Swiss Kudelski Group (www.nagra.com), a leading provider of digital security solutions.

About EVConnect

EVConnect is a provider of electric vehicle (EV) charging solutions for commercial, enterprise, university, hospitality, multi-unit residential and government facilities. EVConnect developed and operates a cloud-based platform for the management of charging stations and drivers who use them. The EVConnect platform, called Foundation, provides charging station command and control functionality, including access control, pricing, reporting and integration with various enterprise and energy systems, via an open API. In addition, Foundation enables demand-response functionality across multiple charging networks, and driver communications and support.


Contacts

Bill Smith
Smith Phillips
(603) 491-4280
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RESTON, Va.--(BUSINESS WIRE)--CACI International Inc (NYSE: CACI) announced today that it was awarded a five-year $80.5 million task order supporting the U.S. Naval Surface Warfare Center, Crane Division under the Department of Defense Information Analysis Center’s (DOD IAC) multiple-award contract (MAC). CACI will provide advanced engineering research, analysis, and development of mission technology to enhance the capabilities of aircraft mission systems for Counter Unmanned Aircraft Systems (C-UAS).


John Mengucci, CACI President and Chief Executive Officer, said, “Backed by the world’s largest threat signals library and more than 1,200 systems deployed globally, CACI offers technology for any C-UAS challenge or mission. Working with the Navy, we will continue to provide the most advanced capabilities to detect, track and defeat emerging threats to our national security, protecting people and places in any environment.”

The task order will modernize components and systems on both manned and unmanned platforms including the EP-3E, P-8A, MQ-8, and MQ-25 UAS for the U.S. Navy, U.S. Army, U.S. Air Force, and U.S. Coast Guard. CACI will develop next generation technology for intelligence, surveillance, and reconnaissance (ISR) and electronic warfare (EW) mission systems, and survivability systems while providing all aspects of logistical support required to meet operational demands.

About CACI

CACI’s approximately 22,000 talented employees are vigilant in providing the unique expertise and distinctive technology that address our customers’ greatest enterprise and mission challenges. Our culture of good character, innovation, and excellence drives our success and earns us recognition as a Fortune World's Most Admired Company. As a member of the Fortune 500 Largest Companies, the Russell 1000 Index, and the S&P MidCap 400 Index, we consistently deliver strong shareholder value. Visit us at www.caci.com.

There are statements made herein which do not address historical facts, and therefore could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to, the risk factors set forth in CACI’s Annual Report on Form 10-K for the fiscal year ended June 30, 2021, and other such filings that CACI makes with the Securities and Exchange Commission from time to time. Any forward-looking statements should not be unduly relied upon and only speak as of the date hereof.

CACI-Contract Award


Contacts

Corporate Communications and Media:
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Investor Relations:
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THOMASTON, Maine--(BUSINESS WIRE)--#boatbuilding--Just as electric vehicles are having a moment, so are eco-friendly, electric boats. Enter the Navier 27, an all-electric, hydrofoil, performance craft outfitted with a highly advanced autopilot. Navier co-founders Sampriti Bhattacharyya and Reo Baird signed with Lyman-Morse Boatbuilding in Thomaston, Maine to build the pre-production vessels and first year limited production vessels for the 2023 slots for the Navier 27. The Lyman-Morse built Navier 27 will be revealed at the Fort Lauderdale International Boat Show in October 2022; first-year customer delivery will be in Q2 2023.



Navier is a Silicon Valley startup that’s building technology to increase the efficiency of small powerboats by 90% while ensuring zero emissions and superior ride performance. As the startup focuses on technology development for Navier 27, they wished to partner with an innovative and capable yard. Lyman-Morse is one of the few boatyards in the United States that has experience working with high-tech, carbon composite boats. As a bonus, the shipyard’s location is an up-and-coming tech hub with a strong boat-building heritage; Maine is a strategic and ideal setting for Navier’s project.

“There’s a lot to be said about working with a shipyard beyond skills and capabilities. Lyman-Morse is outfitted with the best machines, tools, and technologies that will help Navier reach production goals. Drew has enthusiasm for our vision, and his team truly cares about sustainability,” said Sampriti. “We’re grateful that Drew and his team are excited to make Navier 27 a reality with us.”

Navier 27 is a 27-foot foiling performance vessel that’s capable of a range exceeding 75 nautical miles under electric propulsion and includes advanced autonomy features. When it launches during the Fort Lauderdale International Boat Show in 2022, it will be the longest-range electric boat in the world. If anyone is capable of making this vision come to life, it’s Drew Lyman and his team.

“What has me – and all of us at Lyman-Morse – excited about the partnership with Navier is that we are developing something that is cutting edge and certain to be the future of yachting in this type of market,” commented President and Owner of Lyman-Morse, Drew Lyman. “To build a carbon fiber, foiling, all-electric boat fits well with what we do at Lyman-Morse, plus it’s a boatbuilder’s dream project. We [Lyman-Morse] built a reputation for beautifully crafted boats, and we are extremely proud of our ability to implement advanced systems and technology. This is exactly what the Navier project embodies!”

Customers can register interest at www.navierboat.com or learn more about boatbuilding at www.lymanmorse.com


Contacts

Press Contact:
Mackenzie Lyman
Lyman-Morse Boatbuilding
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+1 207-832-1126

DUBLIN--(BUSINESS WIRE)--The "Freight Forwarding Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.


The freight forwarding market is expected to register a CAGR of more than 4% during the forecast period.

Companies Mentioned

  • DHL Supply Chain & Global Forwarding
  • Kuehne + Nagel International AG
  • DB Schenker
  • DSV
  • Sinotrans
  • Expeditors International
  • Nippon Express Co. Ltd
  • CEVA Logistics
  • UPS Supply Chain Solutions
  • Kerry Logistics
  • Bollore Logistics
  • C.H.Robinson Worldwide Inc.
  • GEODIS
  • Yusen Logistics/NYK Logistics
  • Agility Logistics

Key Market Trends

Sea Freight Forwarding to Experience High Growth Rate Through the Forecast Period

The sea freight forwarding market is booming, owing to the growing internet penetration, increasing purchasing power parity, developments in infrastructure (ports, containers, and ships with new technologies), and services designed particularly for the e-commerce industry.

Sea freight forwarding is preferred by several end-user industries, and several strategic partnerships are also likely to promote the growth of sea freight forwarding during the forecast period. The growing global cross-border e-commerce market is also driving the less-than-container load (LCL) volume and is positively impacting the sea freight forwarding market growth.

Factors, such as the growing trade volume in European trade routes, the increasing container port throughput, and the rising number of FTAs, will significantly drive sea freight forwarding market growth in this region during the forecast period.

Germany and the United Kingdom are the key markets for sea freight forwarding in Europe. Market growth in this region will be faster than the growth of the market in other regions.

Asia-Pacific is Anticipated to Witness High Growth Through the Forecast Period

The logistics industry is going through an uncertain period due to COVID-19. The Asia-Pacific market is one of the few regions that are still growing despite the pandemic.

For the freight and logistics market, Asia-Pacific is the fastest-growing region globally. This is due to the increasing logistics in ASEAN countries and the presence of major economies, like China and India. Additionally, the high government support for the logistics sector in the region is also a factor boosting the industry growth.

China is the largest manufacturer in the region and the world, with an increasing demand for pharmaceutical products and essentials. China reopened its factories way before other countries. As a result, it is still leading the freight forwarding market globally.

Also, leading countries in the region are observing faster technological integration in the logistics process. In India, 80% of freight moves by road, and the trucking industry is adopting industry-leading tracking technology to trace and predict the exact delivery times. Thailand is incorporating IBM and Maersk's blockchain project to streamline its shipment monitoring processes.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET INSIGHTS

4.1 Current Market Scenario

4.2 Value Chain/Supply Chain Analysis

4.3 Government Regulations and Initiatives

4.4 Technological Trends and Insights into the E-freight Forwarding Market

4.5 Insights into E-commerce Industry in the Region (Domestic and Cross-Border)

4.6 Spotlight - Freight Transportation Costs/Freight Rates

4.7 Brief on Freight Transport Corridors

4.8 Impact of COVID-19 on the Freight Forwarding Market

5 MARKET DYNAMICS

5.1 Market Drivers

5.2 Market Restraints/Challenges

5.3 Market Opportunities

5.4 Industry Attractiveness - Porter's Five Forces Analysis

6 MARKET SEGMENTATION

6.1 By Mode

6.2 By Geography

7 COMPETITIVE LANDSCAPE

7.1 Overview (Market Concentration and Major Players)

7.2 Company Profiles

8 FUTURE OF THE MARKET

9 APPENDIX

9.1 Freight Volume Movement Statistics for Key Countries

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


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Global Electric Vehicle Battery Market 2021-2028" report has been added to ResearchAndMarkets.com's offering.


The global electric vehicle battery market is estimated to prosper at a CAGR of 17.66% over the projected period 2021-2028.

In recent years, electric vehicles have emerged as an integral part of the automotive sector. They help achieve energy efficiency, reducing greenhouse gas emissions. In addition, the rising environmental concerns and government initiatives have accelerated the adoption of electric vehicles. Thus, the surge in the electric vehicle segment fuels the growth of the electric vehicle battery market.

However, issues faced during raw material procurement, high charging time, and safety concerns impede the global electric vehicle battery market's growth.

The global electric vehicle battery market comprises Asia-Pacific, North America, Latin America, Europe, and the Middle East and Africa regions.

Geographically, Europe is likely to emerge as the fastest-growing region in the electric vehicle battery market over the forecasted period. This growth can be attributed to various initiatives, such as the European Battery Alliance that promote battery manufacturing. Additionally, several companies are setting up battery manufacturing facilities owing to the rise in electric vehicle adoption. Further, closer to automotive production, Li-ion battery production helps reduce supply-chain risk, leading to improved collaboration between battery and automakers. Hence, all these factors are widening the scope of the electric vehicle battery market across Europe.

The distinguished companies in the electric vehicle battery market include Prime Planet Energy Solutions, Vehicle Energy Japan Co Ltd, LG Ensol, Lithium Energy Japan, Northvolt AB, BYD, SK Innovation, CALB, Envision AESC, CATL, Toshiba Corporation, Samsung SDI, Panasonic, A123 Systems, and GS Yuasa.

Samsung SDI is primarily involved in the manufacturing and distribution of secondary batteries. Its business segments include energy solutions and electronic materials. Additionally, the parent company has 21 subsidiaries globally across the US, China, Germany, and other nations. Besides, the company develops compact, high-performance battery packs that are optimized for vehicle installation. It is headquartered in Gyeonggi-do, South Korea.

Key Topics Covered:

1. Global Electric Vehicle Battery Market - Summary

2. Industry Outlook

2.1. Key Insights

2.1.1. Increased Investments in the Electric Vehicle Market

2.1.2. Need for Subsidies in Battery Recycling

2.2. Impact of Covid-19 on Electric Vehicle Battery Market

2.3. Porter's Five Forces Analysis

2.4. Market Attractiveness Matrix

2.5. Industry Components

2.6. Vendor Scorecard

2.7. Technology Analysis

2.8. Raw Material Analysis

2.9. Key Market Strategies

2.10. Industry Player Positioning

2.11. Market Drivers

2.11.1. Growing Electric Vehicles Segment

2.11.2. Governmental Incentives and Promotion

2.11.3. Developments in Battery Technology

2.11.4. Growth in Public Charging Infrastructure

2.12. Market Challenges

2.12.1. Issues in Raw Material Procurement

2.12.2. High Charging Time for Batteries

2.12.3. Safety Concerns

2.13. Market Opportunities

2.13.1. Emergence of Shared E-Mobility Helping Battery Swapping Segment

2.13.2. Improvements in Vehicle-To-Grid (V2G) Technologies

3. Global Electric Vehicle Battery Market - by Vehicle Type

3.1. Battery Electric Vehicle

3.2. Hybrid Electric Vehicle

3.3. Plug-In Hybrid Electric Vehicle

4. Global Electric Vehicle Battery Market - by Battery Type

4.1. Lead Acid

4.2. Nickel-Metal Hydride

4.3. Lithium-Ion

5. Global Electric Vehicle Battery Market - by End-User

5.1. Commercial Vehicle

5.2. Passenger Car

5.3. Other End-Users

6. Global Electric Vehicle Battery Market - Regional Outlook

7. Competitive Landscape

7.1. Market Share Analysis

7.2. Company Profiles

7.2.1. Catl

7.2.2. Lg Ensol

7.2.3. Panasonic

7.2.4. Samsung Sdi

7.2.5. Sk Innovation

7.2.6. Byd

7.2.7. Calb

7.2.8. Vehicle Energy Japan Co Ltd

7.2.9. Toshiba Corporation

7.2.10. Lithium Energy Japan

7.2.11. Envision Aesc

7.2.12. A123 Systems

7.2.13. Gs Yuasa

7.2.14. Northvolt Ab

7.2.15. Prime Planet Energy Solutions

8. Methodology & Scope

For more information about this report visit https://www.researchandmarkets.com/r/oda2ty


Contacts

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Recognizes excellence in sustainable business practices

NEW YORK--(BUSINESS WIRE)--$CXM #CXM--Sprinklr (NYSE: CXM), the unified customer experience management (Unified-CXM) platform for modern enterprises, today announced that it has received a Gold sustainability rating from EcoVadis, the world’s most trusted provider of business sustainability ratings, providing detailed assessments of businesses’ environmental, social, and ethical performance. This is the second consecutive year that Sprinklr has achieved a Gold EcoVadis rating, and the company has seen a steady increase in its scores each year.


A Gold rating means that Sprinklr scored within the top five percent of companies rated by EcoVadis. Sprinklr also scored in the top 1% of companies for its sustainable procurement process. The company was evaluated on the strengths of its actions and policies relative to Environment, Labor & Human Rights, Ethics and Sustainable Procurement.

Sprinklr’s commitment to the environment and sustainability is part of the company’s core values shared throughout the organization. Sprinklr has reduced its environmental footprint via four core practices:

  1. The responsible installation of telecommunications networks.
  2. The use of eco-efficient practices in the consumption of natural resources.
  3. Promoting a circular economy in the treatment of waste through reuse and recycling.
  4. Applying environmental criteria when procuring supplies for the business.

“Sprinklr’s EcoVadis Gold rating is a clear acknowledgement of our deep commitment to responsible, sustainable growth,” said Diane K. Adams, Chief Culture & Talent Officer, Sprinklr. “As we plan for the future, we’re prioritizing sustainability across our company and in our supplier relationships to ensure a positive impact on our environment.”

About EcoVadis

EcoVadis is the world’s most trusted provider of business sustainability ratings, intelligence and collaborative performance improvement tools for global supply chains. Backed by a powerful technology platform and a global team of domain experts, EcoVadis’ easy-to-use and actionable sustainability scorecards provide detailed insight into environmental, social and ethical risks across 200 industries and 160 countries. Industry leaders such as Johnson & Johnson, Verizon, L’Oréal, Subway, Nestlé, Salesforce, Michelin and BASF are among the more than 75,000 businesses on the EcoVadis network, all working with a single methodology to evaluate, collaborate and improve sustainability performance in order to protect their brands, foster transparency and innovation, and accelerate growth. Learn more at www.ecovadis.com.

About Sprinklr

Sprinklr is a leading enterprise software company for all customer-facing functions. With advanced AI, Sprinklr's unified customer experience management (Unified-CXM) platform helps companies deliver human experiences to every customer, every time, across any modern channel. Headquartered in New York City with employees around the world, Sprinklr works with more than 1,000 of the world’s most valuable enterprises — global brands like Microsoft, P&G, Samsung and more than 50% of the Fortune 100.


Contacts

PR Contact
Rachel Alvarez
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DUBLIN--(BUSINESS WIRE)--The "Barge Transportation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.


The global barge transportation market reached a value of US$ 118.0 Billion in 2020. Looking forward, the publisher expects the market to reach a value of US$ 147.5 Billion by 2026.

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

A barge is a long boat with a flat bottom that is used for transporting passengers and heavy goods through rivers, canals, and lakes. It is widely preferred over heavy freight shipping as it is economical and environment-friendly and can be easily employed for transporting bulk commodities, such as grains, coal, and petroleum.

At present, the significant growth in the international trade of chemicals, minerals, petroleum, agricultural, electronic, pharmaceutical, and food products is positively influencing the demand for barge transportation around the world.

Barge Transportation Market Trends

In confluence with the increasing offshore production of oil and gas, rapid industrialization acts as a major growth-inducing factor catalyzing the demand for barge transportation.

Moreover, the rising consumption of packaged food products on account of hectic lifestyles, the escalating demand for medical supplies, and the thriving agriculture industry are also bolstering the market growth. Apart from this, governing authorities of numerous countries are increasingly investing in improving infrastructure for inland waterways, which is contributing to the market growth.

Additionally, several leading companies are offering distinct facilities, such as infrastructure, warehouses, refueling, and intermodal shipment. These companies are also emphasizing on mergers and acquisitions (M&A), collaborations, and partnerships with other companies to upgrade existing designs, develop innovative products and expand their existing reach in the market.

This, along with the growing adoption of the internet of things (IoT), is anticipated to increase the utilization of barge transportation in the coming years.

Key Questions Answered in This Report:

  • How has the global barge transportation market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global barge transportation market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type of cargo?
  • What is the breakup of the market based on the barge fleet?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the activities?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global barge transportation market and who are the key players?
  • What is the degree of competition in the industry?

Competitive Landscape:

  • Alter Logistics (Goldstein Group Inc.)
  • American Commercial Barge Line (American Commercial Lines Inc)
  • Anderson Trucking Service Inc
  • Bouchard Transportation Co. Inc.
  • Campbell Transportation Company Inc (Blue Danube Incorporated)
  • Heartland Barge Management LLC
  • Ingram Marine Group
  • Kirby Corporation
  • McAllister Towing
  • Transportation Co. Inc.
  • PACC Offshore Services Holdings Ltd.
  • Poh Tiong Choon Logistics Ltd.
  • SEACOR Marine Holdings Inc.

Key Market Segmentation

Breakup by Type of Cargo

  • Dry Cargo
  • Liquid Cargo
  • Gaseous Cargo

Breakup by Barge Fleet:

  • Open Barge
  • Covered Barge
  • Tank Barge

Breakup by Application:

  • Coal and Crude Petroleum Products
  • Agricultural Products
  • Coke and Refined Petroleum Products
  • Metal Ores and Fabricated Metal Products
  • Chemicals, Rubber and Plastic, Nuclear Fuel
  • Food Products, Beverages, and Tobacco
  • Others

Breakup by Activities:

  • Intracoastal Transportation
  • Inland Water Transportation

Breakup by Region: North America

  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

For more information about this report visit https://www.researchandmarkets.com/r/v7n5pz


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.

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SAN FRANCISCO--(BUSINESS WIRE)--Volta Inc. ("Volta"), the industry leader in commerce-centric electric vehicle ("EV") charging, today announced the appointment of Katherine Bailon as its Head of Investor Relations. Following the company’s listing on the New York Stock Exchange earlier this year, Bailon's joining reinforces Volta's strong commitment to its shareholders and investors.


In her role, Bailon will be responsible for building and cultivating relationships with key shareholders, investors, and analysts and communicating Volta's business goals and performance as well as its long-term strategy.

"I am thrilled to join Volta and look forward to shepherding our company message out into the investment community," said Bailon. "Volta is a true leader in EV charging infrastructure with a unique business model. I look forward to using my experience to position the company properly with the investor base during such an exciting and transformational moment in the EV landscape."

Bailon brings more than 20 years of finance and investment experience to her role at Volta, having spent eight years on the buy-side as a hedge fund analyst specializing in technology segments such as green tech and auto tech. Her affinity for electric vehicles came early, having begun researching, writing, and investing in them in 2009. Before that, Bailon spent four years on the sell-side as a junior analyst in a top-ranked technology research team and then seven years in institutional sales at Goldman Sachs as Managing Director.

"I am delighted to work with Katherine, who brings tremendous capabilities to the Volta team," said Chris Wendel, Co-founder and President, Volta. "Her strong experience working with a top-ranked Goldman Sachs research team, followed by another decade as an investment analyst, helps Katherine understand the important role investor relations plays in a company's relationship with its equity holders and prepares her well to build this function at Volta."

"Katherine brings a depth and breadth of knowledge to Volta that will drive profound value to both our business and the investor marketplace," said Francois Chadwick, Chief Financial Officer, Volta. "I'm extremely pleased to welcome Katherine as we build out our investor relations team."

About Volta

Volta Inc. (NYSE: VLTA) is an industry leader in commerce-centric EV charging networks. Volta’s vision is to build EV charging networks that capitalize on and catalyze the shift from combustion-powered miles to electric miles by placing stations where consumers live, work, shop and play. By leveraging a data-driven understanding of driver behavior to deliver EV charging solutions that fit seamlessly into drivers’ daily routines, Volta’s goal is to benefit consumers, brands and real-estate locations while helping to build the infrastructure of the future. As part of Volta’s unique EV charging offering, its stations allow it to enhance its site hosts’ and strategic partners’ core commercial interests, creating a new means for them to benefit from the transformative shift to electric mobility. To learn more, visit www.voltacharging.com.

Forward-Looking Statements

This press release includes forward-looking statements, which are subject to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as “feel,” “believes,” expects,” “estimates,” “projects,” “intends,” “should,” “is to be,” or the negative of such terms, or other comparable terminology and include, among other things, statements regarding Volta’s strategy and other future events that involve risks and uncertainties. Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein due to many factors, including, but not limited to: intense competition faced by Volta in the EV charging market and in its content activities; the possibility that Volta is not able to build on and develop strong relationships with real estate and retail partners to build out its charging network and content partners to expand its content sales activities; market conditions, including seasonality, that may impact the demand for EVs and EV charging stations or content on Volta’s digital displays; risks, cost overruns and delays associated with construction and installation of Volta’s charging stations; risks associated with any future expansion by Volta into additional international markets; cost increases, delays or new or increased taxation or other restrictions on the availability or cost of electricity; rapid technological change in the EV industry may require Volta to continue to develop new products and product innovations, which it may not be able to do successfully or without significant cost; the risk that Volta’s shift to including a pay-for-use charging business model and the requirement of mobile check-ins adversely impacts Volta’s ability to retain driver interest, content partners and site hosts; the EV market may not continue to grow as expected; and the ability to protect its intellectual property rights; and those factors discussed in Volta’s Registration Statement on Form S-1, under the heading “Risk Factors,” filed with the Securities and Exchange Commission (the “SEC”), as supplemented by Quarterly Reports on Form 10-Q, and other reports and documents Volta files from time to time with the SEC. Any forward-looking statements speak only as of the date on which they are made, and Volta undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.


Contacts

Sabrina Strauss
Goodman Media International, Inc.
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Companies mark European first to produce Cobalt-60 radioisotope in EDF reactors

PARIS--(BUSINESS WIRE)--#CarbonFree--At the World Nuclear Exhibition today, Westinghouse Electric Company and EDF signed a historic Memorandum of Understanding (MoU) to produce Cobalt-60 radioisotope in select Pressurized Water Reactors (PWR) owned and operated by EDF in France.



Cobalt-60 plays a critical role in the safety of medical devices and reduces pathogens in other products. Cobalt-60 also plays a vital role in the treatment of certain brain cancers. This MoU marks the first step for production in Europe of Cobalt-60 for medical uses.

Cédric Lewandowski, EDF Group Senior Executive Vice-President, Nuclear and Thermal explained that: “Production of Cobalt-60 in EDF nuclear power plants shows that, in addition to its role of production of carbon-free electricity, nuclear energy can also help on global health, this is part of our contribution to the general interest.

Cobalt-60 is produced by exposing Cobalt-59, a stable isotope, with neutrons. In the MoU, Westinghouse would manufacture Cobalt-59 capsule fuel assembly inserts (COBAs) for EDF to manage in its PWRs to generate activated Cobalt-60. Westinghouse would manage commercialization of the Cobalt-60.

“We are delighted to partner with EDF in this key agreement that will expand and strengthen the global Cobalt-60 supply chain,” said Patrick Fragman, Westinghouse President & CEO. “We are fully committed to leverage nuclear energy to improve global health.”

EDF and Westinghouse will initiate a Feasibility Assessment and target an anticipated Cobalt-59 load date in the late 2020s with the first Cobalt-60 harvest in the early 2030s.

Westinghouse Electric Company is shaping the future of carbon-free energy by providing safe, innovative nuclear technologies to utilities globally. Westinghouse supplied the world’s first commercial pressurized water reactor in 1957 and the company’s technology is the basis for nearly one-half of the world's operating nuclear plants. For over 130 years, innovation makes Westinghouse the preferred partner for technologies covering the complete nuclear energy life cycle. For more information, visit www.westinghousenuclear.com and follow us on Facebook, LinkedIn and Twitter.

As a major player in energy transition, the EDF Group is an integrated energy company active in all businesses: generation, transmission, distribution, energy trading, energy sales and energy services. EDF group is a world leader in low-carbon energy, having developed a diverse production mix based mainly on nuclear and renewable energy (including hydropower). It is also investing in new technologies to support energy transition. EDF’s raison d’être is to build a net zero energy future with electricity and innovative solutions and services, to help save the planet and drive well-being and economic development. The Group is involved in supplying energy and services to approximately 37.9 million customers (1), of whom 28.7 million in France (2). It generated consolidated sales of €69.0 billion in 2020. EDF is listed on the Paris Stock Exchange.

(1)

Since 2018, customers are counted per delivery site. A customer can have two delivery points: one for electricity and another one for gas.

(2)

Including ÉS (Électricité de Strasbourg).

 


Contacts

Westinghouse contact: Cathy Mann, This email address is being protected from spambots. You need JavaScript enabled to view it.
EDF contact: This email address is being protected from spambots. You need JavaScript enabled to view it. / 01 40 42 46 37

  • Project supported by New Jersey Union coalition including Eastern Atlantic States Regional Council of Carpenters, Operating Engineers Locals 825 and 25 and Iron Workers Local 399
  • Project expected to provide over 1,000 jobs and $1.3 billion to the New Jersey economy
  • Project designed to strengthen New Jersey’s clean energy targets and to minimize impact to local communities and environment
  • Project backed by Blackstone, a proven long-term investor and operator in infrastructure, transmission and renewable energy

PRINCETON, N.J.--(BUSINESS WIRE)--Atlantic Power Transmission LLC (“APT”), a Blackstone (NYSE: BX) portfolio company, announced its bid to develop a clean power transmission solution in response to the 2021 New Jersey Offshore Wind SAA Transmission Solicitation initiated by the New Jersey Board of Public Utilities, in collaboration with PJM Interconnection. APT’s project offers a total offshore wind transmission solution of up to 3,600 MW and is expected to provide over $1.3 billion in economic value to the New Jersey economy. The project is expected to deliver clean offshore wind power to over 1.5 million New Jersey families, enabled by an underground clean energy corridor connecting to an existing substation in Central New Jersey.


APT has prioritized union labor and has partnered with the New Jersey union coalition, including Eastern Atlantic States Regional Council of Carpenters, International Union of Operating Engineers Locals 825 and 25 and Iron Workers Local 399, which will bring the region’s best-skilled and trained tradespersons to this state-of-the-art project and ensure that trades unions are a bedrock of New Jersey’s clean energy program.

Commenting on the announcement, Global Head of Infrastructure at Blackstone, Sean Klimczak said, “We are excited to support New Jersey’s offshore wind efforts and are proud to partner with the New Jersey union coalition. Blackstone Infrastructure has a proven track record and commitment to long-term partnerships, and we look forward to continuing with this transformative and innovative clean energy development project.”

William C. Sproule, Executive Secretary-Treasurer of the Eastern Atlantic States Regional Council of Carpenters said, “New Jersey is uniquely positioned as a hub for offshore wind, and we are pleased that our skilled tradespersons are at the forefront of this exciting movement to bring greater energy sustainability to our State.”

We applaud Atlantic Power Transmission’s commitment to the Operating Engineers as they embark on the monumental task of bringing homegrown renewable energy to our electrical grid,” commented Greg Lalevee, Business Manager of IUOE 825. "Our union is proud to be part of building a clean energy future in the state of New Jersey.”

Richard Sweeney, President and Business Manager of the Iron Workers Local 399, also stated, “We are proud to partner with Blackstone Infrastructure and Atlantic Power Transmission on ensuring good paying union jobs for years to come in this important and growing sector of our economy.”

The entire route of the project will utilize underground electric transmission lines to minimize its social and environmental impacts. The project enters onshore at an existing industrial site and aims to avoid disrupting New Jersey’s beachfront communities.

Andy Geissbuehler, APT’s CEO, stated, “We highly value our union partnership and our collaboration with the communities along the clean energy corridor. We are committed and able to manage the risks to safely and reliably construct and operate a compelling transmission solution to support New Jersey’s clean energy leadership.”

Blackstone is committed to supporting renewable energy and working closely with its union partners. Since 2019, Blackstone has committed nearly $10 billion in investments that it believes are consistent with the broader energy transition.

In September 2021, Blackstone announced that the Champlain Hudson Power Express (“CHPE”), an underground electric transmission line spanning 339 miles between Canada and New York City, was selected by the New York State Energy Research and Development Authority as part of an extensive RFP process to deliver 1,250 MW of clean, renewable power to New York City. CHPE is expected to create 1,400 jobs, with a commitment to use union labor, and includes a $40 million new Green Economy Fund that will provide job training for clean energy jobs.

In November 2021, Blackstone portfolio companies, Altus Power, a leading clean electrification company, and Link Logistics, operator of the largest portfolio of strategic last mile locations in the US, were awarded approximately 35 MW of community solar projects in New Jersey. Together, Altus and Link will build and operate a portfolio of rooftop community solar projects to serve approximately 10,000 residential customers throughout New Jersey with renewable energy.

About Blackstone

Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $731 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.

Blackstone Infrastructure Partners

Blackstone Infrastructure Partners is an active investor across energy, transportation, digital infrastructure and water and waste infrastructure sectors. We seek to apply a long-term buy-and-hold strategy to large-scale infrastructure assets with a focus on delivering stable, long-term capital appreciation together with a predictable annual cash flow yield. Our approach to infrastructure investing is one that focuses on responsible stewardship and stakeholder engagement to create value for our investors and the communities we serve.

Atlantic Power Transmission LLC (“APT”)

APT is a Blackstone Infrastructure Partners Portfolio Company, headquartered in Princeton, New Jersey and is dedicated to developing, constructing and operating planned transmission systems along the US East Coast to enable efficient interconnection of commercial scale offshore wind facilities.


Contacts

Paula Chirhart
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347-463-5453

LOS ANGELES--(BUSINESS WIRE)--Architect Equity (“Architect”) announced today that it has acquired Timec Oil & Gas, Inc. (“Timec”) from Ferrovial Services North America (“FSNA”), a division of Ferrovial S.A. Timec is a leading provider of maintenance, turnaround, and construction services to a range of customers in the energy sector.

Timec has over 50 years of experience in mechanical services, specialized welding, repair, and inspection at high temperatures and in support services to oil production, through maintenance, repair, and construction services. Headquartered in Texas, the company has continuous operating bases in California, the Pacific Northwest, Mid-Continent, Rocky Mountains, and the Gulf Coast, and has maintained a market-leading position as a turnkey, full-service general contractor. Some of Timec’s blue-chip clients include Chevron, Shell, Valero, ExxonMobil and PBF Energy.

Dionisio Lucchesi, Managing Director of Architect Equity, said, “Timec is an excellent opportunity for Architect to partner with a highly qualified management team that is leading a proven business at a time when oil demand and supply is increasing, and energy operations are preparing for increased production in the coming years. We are excited about building upon the existing core business as well as identifying opportunities for growth in adjacent energy markets that require highly skilled maintenance and construction services.”

“Timec represents another opportunity that fits well with Architect’s investment thesis of acquiring an established business with unique service capabilities, a blue-chip customer base that can scale significantly with existing resources, and large addressable end markets to fuel future growth,” added Eric Luoma, Principal at Architect Equity.

“The Timec team is excited by the Architect Equity acquisition,” says Jim Price, President of Timec Oil & Gas. He adds, “Architect is a great fit to support Timec - they are a very experienced team with both investing and operating backgrounds and are excited to work with Timec to be positioned to provide stronger, efficient service that our clients expect. Of upmost importance is that Timec will continue to be known as the safe employer of choice for staff and craft to execute complex projects for our valued clients throughout North America.”

“The leadership team of Timec has developed a significant amount of domain knowledge from operating in the industry over an extensive period of time, which is a real differentiator when mission critical projects require best-in-class teams with deep domain expertise,” said Lisa Bahash, Principal and Operating Partner at Architect Equity.

The acquisition of Timec marks the sixth platform acquisition by Architect since its inception and its third cross-border, corporate divestiture transaction in the last 18 months.

About Timec Oil & Gas, Inc.

Timec is a leading provider of maintenance and turnaround services to petroleum refining, petrochemical, and heavy industrial processing facilities. The company is headquartered in Houston, Texas with a network of operating locations in California, the Rocky Mountains and North Dakota. Timec provides the full spectrum of mechanical, specialty welding, high-temperature repair, and inspection (HRI), and upstream oil-field services through nested maintenance, turnaround, or construction services.

To learn more about Timec, please visit www.timec.com.

About Ferrovial S.A.

Ferrovial, a leading global infrastructure operator, is committed to developing sustainable solutions. It is a member of Spain’s blue-chip IBEX 35 index and included in the Dow Jones Sustainability Index and FTSE4Good; all of its operations are conducted in compliance with the principles of the UN Global Compact, which the company adopted in 2002.

To learn more about Ferrovial, please visit www.ferrovial.com.

About Architect Equity

Established in 2018 by Jay Yook and Dionisio Lucchesi, Architect Equity is an evergreen investment fund focused on acquiring and managing businesses in the lower middle market. The firm pursues companies that exhibit the opportunity for improvement and growth and can benefit from Architect’s capital base, industry relationships and operational resources. Architect Equity is comprised of a team of investors and operators who have over 100 years of combined experience in successfully acquiring and managing companies across a range of industries and market cycles.

To learn more about Architect Equity, please visit www.architectequity.com.

For general inquiries, please contact Dionisio Lucchesi via e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it..

For business development inquiries, please contact Steve Tamjidi via e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it..


Contacts

Dionisio Lucchesi, This email address is being protected from spambots. You need JavaScript enabled to view it.

Nation’s largest producer of zero-carbon electricity recognized for continued excellence in environmental stewardship, climate change mitigation and community investments

CHICAGO--(BUSINESS WIRE)--Exelon Corporation was named to the Dow Jones Sustainability North America Index (DJSI) for the 16th consecutive year, once again earning recognition for its leadership in environmental policies, technological innovation and track record of local philanthropy and investments. The global survey evaluated 600 of the largest North American companies on a broad range of sustainability measures.


“As the nation’s largest producer of carbon-free energy, we remain committed to further reducing our emissions, helping our customers use less energy and investing in our communities to make them more sustainable,” said Sunny Elebua, senior vice president, Chief Strategy & Sustainability Officer for Exelon. “Climate change is one of the biggest threats we face, and we will continue to invest in innovation and technology to ensure we are providing clean, reliable and sustainable energy to our customers and communities.”

The DJSI assessment is conducted each year by sustainability investment specialist S&P Global CSA. It is based on a comprehensive review of the company’s environmental, social, and governance (ESG) policies and performance in more than 25 major categories. Exelon was one of only seven electric and gas companies named to the North America Index this year.

Exelon continues to show leadership in sustainability throughout our business. Exelon Utilities recently announced its Path to Clean initiative, which includes a commitment to:

  • Cut operations-driven emissions in half by 2030;
  • Achieve net-zero operations by 2050; and
  • Support customers and communities in reaching their clean energy and emissions reduction goals.

Exelon Generation maintains its clean energy leadership as the largest producer of emissions-free power in the nation. Exelon Generation’s fleet provides 12 percent of all U.S. clean energy, nearly double the amount from any other energy company.

Additionally, Exelon and the Exelon Foundation continue to execute on their $20 million Climate Change Investment Initiative (2c2i) to cultivate startups working on new technologies to reduce greenhouse gas emissions and mitigate the impacts of climate change.

Under its third corporate GHG emission reduction goal, the company also is on track to reduce GHG emissions from its internal operations by 15 percent by 2022. The goal is in addition to Exelon’s continuing efforts to reduce emissions through its owned generation fleet -- which is almost 90 percent carbon-free -- and its customer energy efficiency programs, among other initiatives. Energy efficiency programs at its six electric and gas companies saved customers more than 22.3 million megawatt hours of electricity in 2020, avoiding 8.1 million metric tons of CO2e emissions, which is the equivalent of taking almost 1.8 million gasoline-powered cars off the road for a year.

Over the past year, Exelon continued to advance programs and policies to benefit employees and create a more inclusive workforce, earning spots on DiversityInc’s list of the Top 50 Companies for Diversity and Inclusion, Forbes’ America’s Best Employers for Diversity, Human Rights Campaign Best Places to Work, the Disability Equality Index Best Places to Work for People with Disabilities and others. Exelon also has been a member of the Billion Dollar Roundtable since 2017, spending $2.7 billion with diversity-certified suppliers in 2020, an increase of more than 41 percent since 2016.

In 2020, Exelon and its family of companies, employees and the Exelon Foundation provided $58.4 million in funding to local communities, benefitting nearly 4.4 million people, 84 percent ($46 million) of which supported organizations, programs or events that were targeted specifically to diverse populations.

Learn more about Exelon’s sustainability initiatives by visiting its new interactive 2020 Corporate Sustainability Report.

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 2020 revenue of $33 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.


Contacts

Liz Keating
Exelon Corporate Communications
312-394-4111
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CAMBRIDGE, Mass.--(BUSINESS WIRE)--Malta Inc., a leading developer of grid-scale, long-duration energy storage and Bechtel Corporation, one of the world’s most respected engineering, construction, and project management companies, today announced they are teaming up to pursue new energy storage projects around the world. The companies will work together to develop and deploy Malta’s 10-150+ hour energy storage technology in a variety of grid-scale applications.


“Teaming up with Bechtel is a perfect fit for Malta,” said Al Morales, Chief Financial Officer of Malta. “Bechtel’s deep understanding of the Malta system’s components, broad footprint and customer base, and proven track record of delivering successful projects will help Malta to speed and smooth the energy transition.”

Working together, Bechtel and Malta intend to identify and seize opportunities to deploy long-duration energy storage plants that store electricity for days or weeks – converting intermittent power from sun and wind into reliable, on-demand, baseload power. The ambition is to leverage the Malta system to produce carbon-free electricity to decarbonize industrial, agricultural, building, and other sectors.

“We are delighted to be collaborating with Malta to advance the deployment of its innovative and scalable storage solution that will enable the continued global expansion of renewable energy generation portfolios. The lack of long-duration energy storage solutions remains a key challenge for the renewable energy industry,” said Bechtel’s renewables sector lead Scott Austin. “There is no silver bullet for decarbonization, and Bechtel is committed to leveraging our engineering and construction expertise to support the rapid advancement of technology solutions that can meaningfully advance the transition to a net zero environment.”

The collaboration will focus on near-term actions to jointly develop a portfolio of long-duration energy storage projects. The team’s aim will be guided by the Malta system’s key attributes:

  • Portfolio Integration: The Malta system can firm and integrate variable renewable energy into existing generation portfolios, enabling the addition of vastly more solar and wind power and easing utilities’ pathways to meet decarbonization goals and mandates.
  • Repurposing Fossil Assets: The Malta system can be integrated with retiring fossil-fueled assets, like coal-fired plants, to reuse existing infrastructure, prevent job losses, and preserve the tax base of local communities.
  • Clean Economic Hubs: The Malta system can serve as a clean power and heat hub to provide clean energy for existing C&I businesses and districts, enable economic development, and attract new business investment from the digital, agricultural, and industrial sectors.
  • Storage as Transmission: The Malta system can be installed on the transmission system to optimize existing infrastructure and dramatically increase the efficiency of new investments.

About Bechtel

Bechtel is a trusted engineering, construction and project management partner to industry and government. Differentiated by the quality of our people and our relentless drive to deliver the most successful outcomes, we align our capabilities to our customers’ objectives to create a lasting positive impact. Since 1898, we have helped customers complete more than 25,000 projects in 160 countries on all seven continents that have created jobs, grown economies, improved the resiliency of the world's infrastructure, increased access to energy, resources, and vital services, and made the world a safer, cleaner place.

Bechtel serves the Energy; Infrastructure; Nuclear, Security & Environmental; and Mining & Metals markets. Our services span from initial planning and investment, through start-up and operations. www.bechtel.com

About Malta

Malta represents the future of energy storage. With its grid-scale solutions that can store energy up to 50x longer than typical battery technology, Malta is enabling renewable energy to be used more efficiently and effectively, enhancing grid reliability and resilience, and expediting the transition to a clean energy future. Incubated at X, the Moonshot Factory (formerly Google [X]), the company is backed by energy industry leaders Alfa Laval, Proman, and Chevron Technology Ventures, as well as investors Breakthrough Energy Ventures and Piva Capital. Malta is based in Cambridge, Massachusetts. For more information visit www.maltainc.com.


Contacts

Media:
Scott Coriell
Peak Public Affairs
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+1 (802) 353-1449

VERNAL, Utah--(BUSINESS WIRE)--Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or the “Company”), a designer and manufacturer of drilling tool technologies, announced today that Troy Meier, Chairman and Chief Executive Officer, and Christopher Cashion, Chief Financial Officer, will present and be available for investor meetings at the Sidoti Virtual Microcap Conference on Thursday, December 9, 2021.


The Company’s presentation will begin at 1:00 pm Eastern Time. A link to the webcast, along with presentation materials, will be available at www.sdpi.com/Events. An archive of the presentation will be accessible on the Company website following the conference.

About Superior Drilling Products, Inc.

Superior Drilling Products, Inc. is an innovative, cutting-edge drilling tool technology company providing cost saving solutions that drive production efficiencies for the oil and natural gas drilling industry. The Company designs, manufactures, repairs and sells drilling tools. SDP drilling solutions include the patented Drill-N-Ream® wellbore conditioning tool and the patented Strider oscillation system technology. In addition, SDP is a manufacturer and refurbisher of PDC (polycrystalline diamond compact) drill bits for a leading oil field service company. SDP operates a state-of-the-art drill tool fabrication facility, where it manufactures its solutions for the drilling industry, as well as customers’ custom products. The Company’s strategy for growth is to leverage its expertise in drill tool technology and innovative, precision machining in order to broaden its product offerings and solutions for the oil and gas industry.

Additional information about the Company can be found at: www.sdpi.com.


Contacts

For more information, contact investor relations:
Deborah K. Pawlowski
Kei Advisors LLC
(716) 843-3908
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NEW YORK--(BUSINESS WIRE)--The Center for Hydrogen Safety (CHS) – a global organization leading the safe advancement of hydrogen as the next generation fuel – has announced its partnership with Korea Gas Safety Corporation (KGS). KGS is Korea’s only specialist agency that dedicates itself to protecting citizens’ lives from the threat of gas accidents and contributes to the development of the gas safety industry.


With the addition of KGS to its member organizations, CHS continues to grow its international reach and reinforce the global impact of its safety resources. As one of more than 70 member organizations and 12 strategic partners working with CHS, KGS is driving Korean efforts to scale its safe and timely transition to hydrogen and fuel cell technologies and support the production and distribution of hydrogen and related technologies.

KGS’s dedication to researching and instilling gas safety practices aligns well with the mission of CHS,” said Nick Barilo, executive director, CHS. “South Korea is playing a significant role in the maturing hydrogen economy. We are thrilled to welcome KGS to our community and look forward to a fruitful relationship where we can promote hydrogen safety.”

In collaboration with CHS – one of the leading global organizations on hydrogen safety – we look forward to enhancing our contribution to the advancement of hydrogen safety and revitalizing the Korean hydrogen economy. Together, we are taking important steps to achieve carbon neutrality,” said Haejong Lim, president & CEO of KGS.

KGS offers a variety of safety management services including risk management, system management and integrity management. The organization also assists with manufacture registration, explosive-proof equipment certification, gas product certification and system certification. KGS seeks to achieve the lowest level of gas accident indicator and implement comprehensive hydrogen safety management measures by 2025.

Established in 2018, CHS is a technical community within the American Institute of Chemical Engineers (AIChE). CHS member benefits include access to conferences and working groups, safety guidance, training and workshops, and a global forum to address emerging issues and impact technical solutions.

About Center for Hydrogen Safety

Founded in 2018, the Center for Hydrogen Safety (CHS) is a non-profit, non-biased, corporate membership organization that promotes the safe operation, handling, and use of hydrogen and hydrogen systems across all installations and applications. A global technical community within the American Institute of Chemical Engineers (AIChE), the CHS builds upon the technical expertise embodied by AIChE, its Center for Chemical Process Safety (CCPS), and partnering organizations to identify and address concerns regarding the safe use of hydrogen as a sustainable energy carrier, in commercial and industrial applications, and hydrogen and fuel cell technologies. Visit www.aiche.org/CHS to learn more.

About Korea Gas Safety Corporation

Founded in 1974, the Korea Gas Safety Corporation (KGS) is a government testing, inspection, education and research organization that is under the control of the South Korean Ministry of Trade, Industry and Energy (MOTIE). As the institution in charge of hydrogen safety under the government’s hydrogen safety management plan (December 2019), KGS supports integrated solutions for hydrogen safety management including hydrogen safety policies, safety management for hydrogen vehicles, and hydrogen safety training and public relations. Dedicated to public safety, industrial development, regional partnership and customer happiness, Korea Gas Safety Corporation’s vision is to become the Best Gas Safety Responsible Organization Trusted by the People.

About AIChE

AIChE is a professional society of more than 60,000 members in more than 110 countries. Its members work in corporations, universities and government using their knowledge of chemical processes to develop safe and useful products for the benefit of society. Through its varied programs, AIChE continues to be a focal point for information exchange on the frontier of chemical engineering research in such areas as nanotechnology, sustainability, hydrogen fuels, biological and environmental engineering, and chemical plant safety and security. More information about AIChE is available at www.aiche.org. Learn about AIChE’s IDEAL statement on equity, diversity, and inclusion at www.aiche.org/IDEAL.


Contacts

Linda Madden
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713-410-2869

 

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 2021 Wells Fargo Midstream, Utility & Renewables Symposium on Wednesday, December 8, 2021 and Thursday, December 9, 2021. The materials to be discussed in the meetings will be available on the partnership’s website at 10:00 a.m. Eastern Time, Wednesday, December 8, 2021.


NuStar Energy L.P., a publicly traded master limited partnership based in San Antonio, Texas, is one of the largest independent liquids terminal and pipeline operators in the nation. NuStar currently has approximately 10,000 miles of pipeline and 64 terminal and storage facilities that store and distribute crude oil, refined products, renewable fuels, ammonia and specialty liquids. The partnership’s combined system has approximately 57 million barrels of storage capacity, and NuStar has operations in the United States, Canada and Mexico. For more information, visit NuStar Energy L.P.’s website at www.nustarenergy.com and its Sustainability page at https://sustainability.nustarenergy.com/.


Contacts

Investors, Pam Schmidt, Vice President, 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 / 210-410-8926

Badger Hollow Solar Farm Phase I joins Two Creeks Solar in advancing MGE's sustainable energy goals


MADISON, Wis.--(BUSINESS WIRE)--Madison Gas and Electric (MGE) is highlighting two significant solar energy milestones for the company this month. The first phase of the Badger Hollow Solar Farm is now online and delivering locally generated, sustainable energy to the electric grid. Also this month, Two Creeks Solar marks one year in service.

"We are excited to have the first phase of the Badger Hollow Solar Farm in service and delivering carbon-free, cost-effective electricity to our customers for decades to come," said Jeff Keebler, MGE Chairman, President and CEO. "This is a great addition to our generation mix, along with the Two Creeks Solar project. Both of these major solar facilities will play a key role in continuing to reduce our carbon emissions, helping us achieve our sustainable energy goals and achieving net-zero carbon electricity."

MGE has reduced its carbon emissions 30% since 2005 and expects to achieve carbon reductions of at least 65% by 2030, consistent with global climate science to limit global warming. MGE continues to transition its energy supply to cleaner sources, with the anticipated addition of nearly 400 megawatts (MW) of wind, solar and battery storage between 2015 and 2024.

Badger Hollow Solar Farm

Located near the communities of Montfort and Cobb in Iowa County, Wisconsin, MGE owns 50 MW of Phase I of the Badger Hollow Solar Farm. Wisconsin Public Service (WPS) owns the remaining 100 MW. MGE's 50-MW share is expected to generate enough electricity to power approximately 16,500 households.

Construction continues on the 150-MW second phase of Badger Hollow Solar Farm. MGE will own 50 MW of Phase II and WPS will own 100 MW.

Two Creeks Solar marks first anniversary

The first large-scale solar facility in state history, Two Creeks Solar, is celebrating its one-year anniversary. Located in Manitowoc County in the town of Two Creeks and the city of Two Rivers, the 150-MW array came online in November 2020. MGE owns 50 MW and WPS owns 100 MW.

According to WPS, which is the operator, Two Creeks Solar has produced enough energy in its first year of operation to:

  • Power more than 64 million smartphones for a year.
  • Run 515,000 refrigerators for a year.
  • Power more than 2,500 home games at Lambeau Field.

MGE targeting net‐zero carbon electricity

In May 2019, MGE announced its goal of net-zero carbon electricity by 2050, making it one of the first utilities in the nation to commit to net-zero carbon by mid-century. MGE's net-zero goal is consistent with the latest climate science from the Intergovernmental Panel on Climate Change (IPCC) October 2018 Special Report on limiting global warming to 1.5 degrees Celsius. To achieve deep decarbonization, MGE is growing its use of renewable energy, engaging customers around energy efficiency and working to electrify transportation, all of which are key strategies identified by the IPCC.

About MGE

MGE generates and distributes electricity to 157,000 customers in Dane County, Wisconsin, and purchases and distributes natural gas to 166,000 customers in seven south‐central and western Wisconsin counties. MGE's parent company is MGE Energy, Inc. The company's roots in the Madison area date back more than 150 years.


Contacts

Steve Schultz
Corporate Communications Manager
608-252-7219 | This email address is being protected from spambots. You need JavaScript enabled to view it.

Enhancements eliminate guesswork in forecasting to drive critical business decision-making

HOUSTON--(BUSINESS WIRE)--Quorum Software (Quorum), the global software leader dedicated to the energy industry, today announced the U.S. availability of Val Nav™ 2021 v2, its fully integrated decline curve analysis, petroleum economics, and reserves management software. Enhanced features in this latest version remove friction as businesses transition away from outdated legacy tools without compromising existing workflows, and increase the quality of evaluations and provide reliable data to inform critical business decision-making.


“Modernizing the way people work is a cornerstone of Quorum Software’s approach to developing technology like Val Nav,” said Tyson Greer, Executive Vice President & Chief Product Officer of Quorum. “The latest release of Val Nav is recognizably people-driven with feature and functionality updates. Teams will enjoy another layer of modeling flexibility in the proven reserves framework trusted by hundreds of upstream companies throughout the industry.”

To complement the already sophisticated capabilities of bulk data analysis, security and auditability, advanced economics, and custom reporting, enhanced features in Val Nav 2021 v2 include:

  • Data Validation: Building trust in the data for Reserves Managers is critical in this update. New tooling to help in complex data validations (e.g., mismatched start dates, missing capital, etc.) gives reserves teams confidence in having reliable evaluations.
  • Type Well Enhancements: Workflow enhancements to Val Nav’s cutting-edge type well capabilities mean engineers will be able to uncover relationships between completion parameters and well performance, and produce more-accurate type wells in less time.
  • Reserves Modeling Updates: Building upon Val Nav’s sought-after reserves category modeling capabilities is an improved ability to do layered models: input base, wedge, or total cases – standalone or in combination – for the ultimate in modeling flexibility.
  • Superior Economic Analysis: New metrics such as netbacks, recycle ratios, capital efficiency, and initial-production rates will aid in project sanctioning and case comparisons. Enhanced break-even analysis will ensure operators are maximizing the value of their assets.

“Adopting Val Nav increased our efficiency so much that it let us move from monthly forecasting to weekly while still recognizing time savings,” according to a Senior Reservoir Engineer at a Global Supermajor. “With the time savings, precision improved too because engineers had more time to discuss and evaluate the new, complex, and problematic wells. While the business gained both more frequent updates and more confidence in results, our employees reported improved work-life balance because Val Nav streamlined the process end-to-end with better tools and fewer headaches.”

Earlier this year, Quorum merged with Aucerna, a global provider of integrated planning, execution, and reserves software for the energy industry. Operating as Quorum Software, the combined company recently acquired TietoEVRY’s Oil and Gas software business, including flagship solutions Energy Components and DaWinci. Together, the company now serves more than 1,800 energy customers across 55 countries.

For more information on the latest version of Val Nav, visit aucerna.com/valnav.

About Quorum Software

Quorum Software connects people and information across the energy value chain. Twenty years ago, we built the first software for gas plant accountants. Pipeline operators came next, followed by land administrators, pumpers, and planners. Since 1998, Quorum has helped thousands of energy workers with business workflows that optimize profitability and growth. Our vision for the future connects the global energy ecosystem through cloud-first software, data standards, and integration. The trusted source of decision-ready data for 1,800+ companies, Quorum Software makes the essential connections that let us work better together in the connected energy workplace. For more information, visit quorumsoftware.com.


Contacts

Adam Cormier
This email address is being protected from spambots. You need JavaScript enabled to view it.
617.502.4384

 

Tuesday, December 7, 2021

HOUSTON--(BUSINESS WIRE)--The Port Commission of the Port of Houston Authority will hold its Regular Monthly Meeting on Tuesday, December 7, 2021. It will be conducted as a hybrid meeting and will begin at 9:15 a.m. The Commissioners, executive leadership, and legal counsel will be present in the boardroom of the Port Authority Executive Office Building, located at 111 East Loop North, Houston, TX 77029.


The meeting is open to the public to attend. However, the meeting can also be accessed virtually via WebEx webinar.

The agenda and the instructions to access Port Houston public meetings are available at https://porthouston.com/leadership/public-meetings/.

Please note the following upcoming planned Port Houston public meetings: (subject to change)

January 25, 2022: Port Commission Regular meeting – 9:00 a.m.

Sign up for public comment is available up to an hour before these Port Commission meetings by contacting Erik Eriksson at This email address is being protected from spambots. You need JavaScript enabled to view it.or Liana Christian at This email address is being protected from spambots. You need JavaScript enabled to view it.

About Port Houston

For more than 100 years, Port Houston has owned and operated the public wharves and terminals along the Houston Ship Channel – the nation’s largest port for waterborne tonnage and an essential economic engine for the Houston region, the state of Texas, and the U.S. nation. The more than 200 private and eight public terminals along the federal waterway supports the creation of nearly 1.35 million jobs in Texas and 3.2 million jobs nationwide, and economic activity totaling $339 billion in Texas – 20.6% of Texas’ total gross domestic product (GDP) – and a total of $801.9 billion in economic impact across the nation. For more information, visit the website: https://porthouston.com/


Contacts

Lisa Ashley, Director, Media Relations, Port Houston
Office: 713-670-2644; Mobile: 832-247-8179; E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

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