The grid-edge solution managing the largest portfolio of distributed energy resources in North America
BROOKLYN, N.Y.--(BUSINESS WIRE)--EnergyHub, the leading provider of distributed energy resource (DER) management solutions, today announced the conclusion of a successful year delivering grid services, including nearly 700,000 DERs connected to EnergyHub’s Mercury DERMS platform, a rise in the duration of grid services delivered, and an increase in customer incentives delivered, all underscored by significant product innovation.
“This has been a breakout year for the industry,” said Erika Diamond, Senior Vice President of Customer Solutions, EnergyHub. “With so much advancement and evolution in the sector, like utilities committing to aggressive decarbonization goals, investments being planned as a result of the Bipartisan Infrastructure Bill and Build Back Better Framework, FERC 2222, and customers thinking more about climate impact, it’s been a really exciting time. With that, I’m thrilled to share how EnergyHub has provided innovative solutions to accelerate the adoption and management of distributed energy resources, to mitigate the impact of extreme weather events, and support the decarbonization of our infrastructure and economy.”
Largest and fastest growing multi-DER portfolio
EnergyHub reliably manages virtual power plants comprising nearly 700,000 grid-edge devices, the largest fleet of grid-edge resources of any DERMS provider in North America. EnergyHub works with over 60 of North America’s leading utilities to manage over 2,900 MW of load flexibility across all key DER classes. The platform is integrated with the industry’s largest ecosystem of DER providers and demand response aggregators, including leading manufacturers of thermostats, electric vehicles, electric vehicle chargers, energy storage systems, solar inverters, and water heaters.
The company provides turn-key functionality for some of the largest DER programs in the country, including Arizona Public Service (APS), DTE Energy, Duke Energy, Eversource Energy, National Grid, PSEG Long Island, and Salt River Project.
Reliable grid services delivered
In 2021, EnergyHub enabled utilities to lean on DER flexibility to mitigate transmission and distribution grid conditions and to monetize aggregations in markets. The Mercury DERMS platform delivered a record total of over 850 million device-minutes of grid services through over 700 grid service events. This DER flexibility enabled utilities to integrate more renewables on the grid, manage network congestion, defer infrastructure investments, and unlock new revenue streams by monetizing DERs in markets.
"Over the past few years, Arizona Public Service Company has worked with EnergyHub to manage and grow our multi-DER portfolio. This year, our DERs provided nearly 80 megawatts of flexible capacity to our system, helping us achieve cost-savings for our customers and a cleaner, more reliable electric grid.” said Kerri Carnes, Manager, Customer to Grid Solutions Product Development & Strategy at APS. “There’s no doubt that DERs are delivering value and we’re excited to continue to innovate with EnergyHub to find customer-focused energy solutions that bolster affordability, reliability and that align with our clean energy goals.”
Looking forward
“EnergyHub’s vision is to empower utilities, markets, and their customers to create a carbon-free, distributed energy future. We integrate any customer or device with the grid to provide reliable, scalable resources,” said Seth-Frader Thompson, EnergyHub’s President. “I truly believe that the scale and continued growth of our portfolio validates our vision. I’m looking forward to another great year of providing service to our current customers, as well as laying the foundation for our future ones.”
Learn more about EnergyHub here: www.energyhub.com. EnergyHub is an independent subsidiary of Alarm.com (NASDAQ: ALRM), the leading platform for the intelligently connected property.
About EnergyHub
EnergyHub is the leading grid-edge DERMS provider. Utilities rely on EnergyHub’s Mercury DERMS platform to manage all distributed energy resources to serve grid and market objectives. EnergyHub works with over 60 utilities nationwide to manage more than 2,900 MW of flexible capacity. We empower utilities and their customers to create a clean, distributed energy future. EnergyHub is an independent subsidiary of Alarm.com (NASDAQ: ALRM), the leading platform for the intelligently connected property. For more information, visit www.energyhub.com.
Erica Schain
Aspectus Group for EnergyHub
917-940-5633
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BATON ROUGE, La.--(BUSINESS WIRE)--#americanjobs--Lightsource bp has successfully closed on a $533 million multi-project financing package and mobilized construction on its 345 megawatt (dc) Ventress Solar project located 30 miles northwest of Baton Rouge in Pointe Coupee Parish. Lightsource bp will build, own and operate the facility and sell the clean, renewable energy it generates to McDonald’s Corporation and eBay Inc. under long-term power purchase agreements.
Emma Cox, Global Renewable Energy Lead at McDonald’s: “This unique partnership between Lightsource bp, eBay and McDonald’s is an example of how large brands can come together to drive meaningful impact at a local level. We’re thrilled to see our values come to life in a project like Ventress Solar and realize this important next step toward it coming online.”
Ventress Solar project supported by world-class finance partners
Ventress Solar is part of a 480 megawatt, $533 million portfolio financing package for multiple solar projects. Debt for the portfolio was provided by the following Mandated Lead Arrangers, with the balance of equity requirements invested and supported by Lightsource bp.
In just two years, the Lightsource bp team has raised over $2.3 billion in financing for its projects in ten states across the US.
Bringing environmental and economic benefits to the local community
Kevin Smith, CEO of the Americas, Lightsource bp: “Beyond improving the health and energy security of communities across America, large-scale solar projects help strengthen local economies. As the owner and operator of the Ventress solar farm, we look forward to bringing economic benefits to Pointe Coupee Parish, along with fostering long-term community partnerships.”
Construction of the Ventress solar farm will:
Construction has started, with full commercial operation expected in late 2023. LPL Solar has been selected by Lightsource bp as the Engineering, Procurement, and Construction (EPC) contractor for the photovoltaic (PV) solar plant. Ampirical Solutions, headquartered in Louisiana, has been selected as the EPC for the project substation and the switchyard.
About Lightsource bp
Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. Our team includes over 600 industry specialists, working across 16 countries. We provide full scope development for our projects, from initial site selection, financing and permitting through to long-term management of solar projects and power sales to our clients. Lightsource bp in the U.S. is headquartered in San Francisco with development offices in Denver, Philadelphia, Atlanta, and Austin. For more information visit lightsourcebp.com, follow us on Twitter @lightsourceBP and Instagram @lightsourcebp or view our LinkedIn page.
Resources
Ventress project website
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ST. LOUIS--(BUSINESS WIRE)--Emerson (NYSE: EMR) will report its first quarter results prior to market open on Wednesday, Feb. 2, 2022. Emerson senior management will discuss the results during an investor conference call that same day, beginning at 9 a.m. Eastern Time, 8 a.m. Central Time.
All interested parties may listen to the live conference call and view presentation slides, which will be posted in advance of the call, by going to the Investors area of Emerson’s website at www.Emerson.com/en-us/investors and completing a brief registration form. A replay of the conference call will be available for three months following the webcast at the same location on the Emerson website.
About Emerson
Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA), is a global technology and engineering company providing innovative solutions for customers in industrial, commercial, and residential markets. Our Automation Solutions business helps process, hybrid, and discrete manufacturers maximize production, protect personnel and the environment while optimizing their energy and operating costs. Our Commercial & Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency, and create sustainable infrastructure. For more information, visit Emerson.com.
Investor contact: Colleen Mettler (314) 553-1705
Media contact: Charlotte Boyd (952) 994-8607
CONWAY, Ark.--(BUSINESS WIRE)--#americanjobs--Lightsource bp has successfully closed on a $533 million multi-project financing package and will soon mobilize construction on its 135 megawatt (dc) Conway Solar project located near Happy, Arkansas, approximately 55 miles northeast of Little Rock. Lightsource bp will build, own and operate the facility and deliver the clean, renewable energy it generates to Conway Corp under a long-term power purchase agreement for their customers in the City of Conway. The solar farm will generate enough electricity to power more than 21,400 homes, and will also play a role in reducing the city’s carbon footprint by the equivalent of CO2 emissions from 35,400 fuel burning cars annually.
Bret Carroll, Chief Executive Officer, Conway Corp: “Our mission is to provide safe, affordable, reliable, innovative and environmentally sound service to our customers. This solar project checks all those boxes. It is a project that will have lasting impact on our community. We look forward to working with Lightsource bp to get the project under construction and delivering service to our customers.”
Conway Solar at Happy project supported by world-class finance partners
Conway Solar is part of a 480 megawatt, $533 million portfolio financing package for multiple solar projects. Debt for the portfolio was provided by the following Mandated Lead Arrangers, with the balance of equity requirements invested and supported by Lightsource bp.
In the last two years, the Lightsource bp team has raised over $2.3 billion in financing for its projects in ten states across the US.
Bringing environmental and economic benefits to the local community
Kevin Smith, CEO of the Americas, Lightsource bp: “Beyond improving the health and energy security of communities across America, large-scale solar projects help strengthen local economies. As the owner and operator of the Conway solar farm at Happy, we look forward to bringing economic benefits to the region, along with fostering long-term community partnerships.”
Construction of the Conway Solar farm at Happy will:
Construction will start in March 2022, with full commercial operation expected in mid 2023. Gibson Technical Services (GTS), a Subsidiary of Orbital Energy Group, has been selected by Lightsource bp as the Engineering, Procurement, and Construction (EPC) contractor for the photovoltaic (PV) solar plant.
Jim O’Neil, Vice Chairman and CEO, Orbital Energy Group: “Orbital Energy Group recognizes Lightsource bp as a leading utility scale solar developer in the nation and appreciates the relationship we have established moving the Conway project to the construction phase. We fully expect to advance our partnership with Lightsource bp, safely completing this project on time, and with quality workmanship.”
About Lightsource bp
Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. Our team includes over 600 industry specialists, working across 16 countries. We provide full scope development for our projects, from initial site selection, financing and permitting through to long-term management of solar projects and power sales to our clients. Lightsource bp in the U.S. is headquartered in San Francisco with development offices in Denver, Philadelphia, Atlanta, and Austin. For more information visit lightsourcebp.com, follow us on Twitter @lightsourceBP and Instagram @lightsourcebp or view our LinkedIn page.
Resources
Conway Solar at Happy project website
Mary Grikas
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Generate Capital expands its presence in organic waste management through investment in South-Carolina-based composting company amid increasing demand for sustainable waste solutions
SPARTANBURG, S.C. & SAN FRANCISCO--(BUSINESS WIRE)--Atlas Organics, a developer and operator of commercial composting solutions based in the U.S. Southeast, today announced a transformational transaction aimed at expanding its operations nationwide in partnership with Generate Capital, a leading owner and operator of organic waste processing solutions and sustainable infrastructure in North America.
Atlas Organics was founded by Joseph McMillin and Gary Nihart in Spartanburg, South Carolina in 2014, and currently operates eight food waste, biosolid and yard waste composting sites across six states, processing 365,000 tons of organic waste annually.
The transaction will provide over $200 million in financing for expansion of Atlas composting facilities in the coming years and Generate has taken ownership of Atlas’ eight currently operated composting facilities. Atlas employs over 135 people across five Southeastern states and Atlas co-founders McMillin and Nihart will continue to lead the company.
With this investment, Generate significantly expands its offerings in organic waste solutions, adding a high-growth platform for development of composting facilities. The transaction builds on Generate’s extensive supplier and customer network and its track record as one of the largest processors of organic waste in North America. Generate’s bio-digester facilities process over 250,000 tons of food waste a year, turning organic material into renewable natural gas, clean electricity and fertilizer.
“Composting plays a pivotal role in reducing greenhouse gas emissions while eliminating waste and supporting sustainable agriculture with chemical-free fertilizers,” said Bill Caesar, president of Generate’s waste-to-value operations. “The Atlas Organics team shares Generate’s mission-driven approach to decarbonization and we see a tremendous opportunity to leverage the experience and capabilities of the Atlas team to build a significant platform for composting infrastructure development. This transaction perfectly complements our existing organic waste solutions, will create jobs and contribute to the fight against catastrophic climate change by expanding the circular economy and diverting waste from landfills.”
Atlas is already developing several new greenfield composting sites and was recently awarded the contract to build, own, and operate a composting facility for Salinas Valley, California as part of its effort to comply with SB 1383, a regulation that goes into force in 2022 that sets statewide targets to reduce the amount of organic waste disposed of in landfills.
Atlas is also actively looking to acquire composting operations that complement its position in key markets.
“We’ve built a solid platform for growth and a partner like Generate will help open the door to new opportunities and deliver on our nationwide expansion,” said Joseph McMillin, chief executive of Atlas Organics. “We can focus on building and acquiring composting operations, developing our people, and delivering value to our customers knowing that we have the backing of a well-resourced and experienced team to support us.”
The transaction was facilitated by Morrison & Foerster, LLP for Generate and Johnson, Smith, Hibbard & Wildman for Atlas.
Headquartered in Spartanburg, SC, Atlas Organics is a leading commercial composting company seeking to increase municipal waste-solution partnerships across the US. Atlas’ compost facilities process biosolids, yard trimmings and food residuals, turning these organic materials into valuable soil amendments that promote sustainable regional agriculture and landscaping. For more information, please visit www.atlasorganics.net
About Generate
Generate Capital, PBC is a leading sustainable infrastructure company driving the infrastructure revolution. Generate builds, owns, operates and finances solutions for clean energy, water, waste and transportation. Founded in 2014, Generate partners with over 40 technology and project developers and owns and operates more than 2,000 assets globally. Generate is a one-stop shop offering pioneers of the infrastructure revolution tailored funding and the support needed to get projects built. Our Infrastructure-as-a-Service model delivers affordable, reliable and sustainable resources to over 2,000 customers, companies, communities, school districts and universities. Together, we are rebuilding the world. For more information, please visit www.generatecapital.com.
For Generate
Emily Chasan
(415) 480-2914
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For Atlas
Stefan Holt
(864) 278-2322
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SAN ANTONIO, Texas & DAMMAN, Saudi Arabia--(BUSINESS WIRE)--Streamline Innovations, Inc. (Streamline) and Zamil Group Trade & Services (Zamil), a trading company and supplier to the energy industry, are pleased to announce a partnership to market and deploy Streamline’s environmentally forward treatment solutions for hydrogen sulfide (H2S) in the Kingdom of Saudi Arabia (KSA). Under the terms of the Agreement, Zamil is serving as Streamline’s agent in the KSA.
This business initiative comes at a time when the collective Middle East energy industry is moving toward more sustainable operations aimed at improving Environmental, Social and Governance (ESG) performance. Saudi Arabia recently announced its intent to reach net-zero greenhouse gas emissions by 2060 by implementing a diverse set of initiatives in the Kingdom aimed at protecting the environment and addressing climate change. More specifically, Saudi Aramco, the world's largest energy company, previously committed to the World Bank Initiative “Zero Routine Flaring by 2030.”
Crude oil and natural gas production streams are often contaminated with H2S, which represents a serious hazard to human health and is highly corrosive to infrastructure. This “sour” gas is routinely flared to destroy the H2S, but flaring results in the generation of sulfur dioxide (SO2) emissions, which contributes to environmental hazards, including acid rain and respiratory ailments in humans.
To utilize sour oil and gas for beneficial uses, such as power generation, it must be treated to remove the H2S. Conventional treatment methods are typically expensive, generate negative downstream effects and do not permanently prevent the H2S from reconstituting itself. Streamline and Zamil are partnering to provide vital H2S treating services throughout the KSA with the Valkyrie™ and Talon® solutions, which safely break down H2S at the molecular level into elemental sulfur.
The partnership will focus on initiatives and other opportunities designed to reduce or eliminate H2S and SO2 emissions while creating sustainable, usable energy in the form of clean natural gas or electricity and facilitate capture and use of related carbon dioxide (CO2) streams. Streamline’s biodegradable chemistry and cutting-edge technology delivers the next-generation Redox process, converting toxic gas into elemental sulfur that can be utilized for organic food production, while providing the lowest overall lifecycle cost.
“Partnering with Zamil is an important part of our international growth plan to bring our environmentally forward solutions to Saudi Arabia and the Gulf, one of the world’s most important energy producing regions,” said David Sisk, CEO of Streamline Innovations. “As momentum grows to achieve net-zero emissions and mitigate climate change, Streamline’s solutions are poised to play a significant role in achieving environmental performance objectives. Zamil is an established, well-respected company with a long track record of successfully introducing new technology to Saudi Arabia and beyond. This is the second partnership in the Middle East we have announced in the past three months, which is a testament to the growing momentum in the demand for our innovative, technology-based solutions that simultaneously add economic value while improving environmental performance.”
“The establishment of this relationship with Streamline Innovations comes at an important time for the Kingdom of Saudi Arabia,” said Khalid Al Zamil, Chairman. “The KSA has made meaningful commitments to achieve net-zero emissions and improve sustainability. We believe novel and effective technologies, like those offered by Streamline, offer the best alternatives for achieving the Kingdom’s environmental goals in the shortest amount of time. Streamline’s solutions strengthen our portfolio of technology and services to help the KSA maintain its role as the world's key supplier of responsibly sourced energy.”
Streamline brings its environmentally forward technology and technical expertise to the partnership, while Zamil provides access and entry to the Saudi Arabian market, local expertise, infrastructure and established customer relationships, including Saudi Aramco.
About Zamil Group Trade & Services
Zamil Group Trade & Services was formed in the mid-1930s. We function as partners to overseas manufacturers, and we are proud to represent many well-known international companies, trading establishments, services and consultancy firms. Our vast experience and enthusiastic team of experts has made us the friendliest and most welcomed supplier to our esteemed clients.
We are registered as an approved supplier with all major companies in the Kingdom of Saudi Arabia like ARAMCO, SABIC, SWCC, SEC, MARAFIQ, KJO, MOW and Consulting Firms.
Our products and services cater for sectors as diverse as Oil & Gas, Power, Chemical, Petrochemicals, Mechanical, Non-Metallic, Steel & Metrological, Electrical, Instrumentation, and Materials Handling. We are well known for constantly encouraging innovation and modern technologies. Our services and outstanding logistical support to our clients has given us the competitive edge over others in Saudi Arabia and GCC countries.
Zamil Group Trade & Service is affiliated to Zamil Group. Visit zamilts.com for more information.
About Streamline Innovations
Streamline Innovation’s vision is Eliminating Pollution Through Technology. We help heavy industry around the world achieve environmental performance objectives, improve sustainability, and transition to a sustainable, low-carbon economy.
Streamline’s environmentally forward H2S treating solutions help achieve the “E” in ESG. H2S is present in many industrial processes throughout the world. Our technology can be applied across industries, delivering a sustainable solution that eliminates H2S, a leading cause of human inhalation accidents and SO2 emissions when burned, a primary cause of acid rain. Talon treats effectively in both gas and water phases.
We also believe that achieving ESG directives requires data. Creating intelligent systems that operate effectively and efficiently without human intervention is critical to measuring and reducing emissions that harm the environment. We integrate advanced process control, data collection and analytics in our technologies to provide a total solution for customers.
We serve organizations in multiple sectors, including Energy/Oil & Gas, Biogas, Landfill Gas & Renewable Fuels, Municipal Wastewater and Industrial Air & Water. Visit streamlineinnovations.com for more information.
Streamline Innovations
Steve Bagley
Director, Business Development
Streamline Innovations, Inc.
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Zamil Group Trade & Services
Osama Salah
General Manager
Zamil Group Trade & Services Co. Ltd
Zamil Group
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The Leader in Self-Powered Industrial IoT has Generated Over 1.5 Billion Data Points Using Less Energy Than it Takes to Brew 3 Pots of Coffee
SANTA CLARA, Calif.--(BUSINESS WIRE)--Everactive, maker of self-powered IoT systems, announced a record year for the potential cumulative effect its batteryless, self-sustaining technology had on industrial decarbonization driven by the demand for improvements in industrial sustainability using batteryless technology.
Assuming a full-year deployment among its growing customer base, Everactive’s industrial IoT applications had the impact of reducing CO2 emissions by 78,518 tons—the equivalent of removing 15,390 cars from the road each year. Customers also saved 1.3 million MMBTUs of energy throughout a single year—the equivalent of 38,046 U.S. homes being at ”net zero energy” for one year. In addition, Everactive’s self-powered industrial IoT products also produced a net annual savings of more than $7.4 million for customers in 2021 alone.
Everactive generated this impact with a miniscule energy footprint. Because Everactive’s self-powered IoT platform is built using the world’s lowest power custom semiconductors, its batteryless devices require only scarce amounts of micro-renewable “harvested energy”. Everactive solutions collect and analyze swaths of data using a fraction of the energy required of competing technologies. To put that into perspective, by the end of 2021, Everactive had transmitted in excess of 1.5 billion data packets using less energy that it takes to brew 3 pots of coffee.
Everactive received 5 awards in 2021 for its uniquely innovative technology and impact on sustainability: ABB Open Innovation Award, IoT Breakthrough Award, IDEA Innovation Award, CTMA Technology Competition People’s Choice Award and Process Expo Innovation Award.
Everactive added 3M and AB InBev to its list of clients among top-tier Fortune 500 companies which also includes Colgate-Palmolive, Danone, Hershey's, Mars, and Merck.
To date, the company has received $116M in financial backing from traditional venture capital and strategic investors alike. Alongside storied venture capital firm New Enterprise Associates, the corporate venture arms of 3M, Ericsson, Fluke Corporation, Standard Industries, and Armstrong International have invested in Everactive.
“About every decade a new class of computers has evolved that completely revolutionizes entire industries,” says Dr. David Wentzloff, Co-founder and Co-CTO at Everactive. “We’ve seen this from laptops, to mobile, to currently IoT. The next computing revolution is all about scale and that requires sustainable devices that harvest power from the environment and finally rid the IoT of batteries. This will fuel decades of growth with a windfall economic and environmental impact.”
ABOUT EVERACTIVE:
In collaboration with its partners, Everactive delivers the most scalable and cost-effective micro-renewable energy solutions. The company's proprietary low-power energy harvesting and wireless technology enables completely batteryless and always-on Internet of Things systems. Ruggedized for harsh industrial settings, Everactive Edge devices provide continuous insight into asset health across a range of equipment and throughout entire plants and facilities. The company has offices in Silicon Valley, Ann Arbor, and Charlottesville. For more information, please visit: www.everactive.com.
Jennifer M. Strame
Percepture for Everactive
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484-947-4549
Funding to Accelerate Commercial Deployment of Fail-safe, Point-of-Use Lithium-Ion Battery Storage Technology
BUFFALO, N.Y.--(BUSINESS WIRE)--#VCfunding--Viridi Parente, Inc. (Viridi), a leader in developing safe, resilient, point-of-use battery storage technology, has raised $94.695 million in a Series C funding round. This round of funding, in which Viridi is valued, post-money, at $700 million, marks the next step toward the company’s vision to manufacture fail-safe, point-of-use lithium-ion battery technology at scale.
The Series C round was led by existing investor B. Thomas Golisano, an entrepreneur, philanthropist, and civic leader who has demonstrated an ongoing dedication to building innovative businesses. New investors include Ashtead Group/Sunbelt Rentals, a leader in the equipment rental industry providing a highly diversified offering of equipment and solutions that service a broad customer base with more than 1,025 locations supporting a rental fleet of $11 billion, and National Grid Partners, the investment arm of National Grid, one of the world’s largest investor-owned energy companies.
According to Jon M. Williams, Chairman and CEO, Viridi Parente, Inc., “Point-of-use energy storage has the potential to more than double the delivered capacity of our entire energy transmission system without additional investment in new infrastructure. Passenger vehicles currently represent roughly 3% of the world’s total GDP. The majority of the innovation around this technology is focused on battery powered vehicles, however, technology designed for cars does not translate into other sectors of the economy where safety, resilience and cycle life are the leading design requirements. Viridi is developing safe, resilient and cost-effective point-of-use lithium-ion battery systems that will power the other 97% of our economy.”
Viridi’s Green Machine brand has set the standard as the first lithium-ion pack system to meet the demands of the construction and heavy industrial markets, with systems that feature long cycle life, resilient physical design and completely self-contained architecture. Green Machine has over 250,000 hours of field use with actual customers on its portable lithium-ion battery systems, in a market projected to reach USD $205 billion in North America by 2025.
Viridi’s Volta Energy brand offers stationary lithium-ion battery pack systems designed and tested to be fail-safe for installation in occupied spaces. Systems can be configured to provide from 50 kWh to 5 MW of distributed energy storage at the point-of-use.
Applications range from data centers and manufacturing, to residential and commercial, to medical and research facilities — anywhere that fail-safe, resilient, renewable energy is needed. According to Bloomberg New Energy Finance (BNEF), energy storage installations will reach over one gigawatt-hour by 2030 and will require more than $262 billion of investment, with about one quarter of installations to be located at homes and businesses.
B. Thomas Golisano said, “We are excited to be part of Viridi’s next growth phase. In a short period of time the market demand has been extraordinary, therefore the need to increase production to meet this demand is imperative. This funding round should not only help satisfy near-term demand but set the company up for longer-term growth.”
“We are thrilled to partner with Viridi Parente to bring products to the market that meet the increasing demands for non-fossil fuel dependent equipment our customers are seeking in order to achieve their carbon reduction commitments,” stated Brad Coverdale, Sunbelt Rental’s Vice President of Fleet and Procurement.
“At National Grid, we know decarbonizing transport is critical to achieving net zero,” said Lisa Lambert, Chief Technology & Innovation Officer, National Grid and President & Founder, National Grid Partners. “And while momentum’s been gaining in consumer cars and trucks, there’s not been nearly enough focus on industrial vehicles, which create significant amounts of greenhouse gases. National Grid Partners is excited to support the Viridi Parente team, and we look forward to helping them seize this emerging market opportunity.”
With safety being a key factor to the success of point-of-use battery storage, Viridi Parente is working with KULR Technology Group, Inc. (NYSE American: KULR) to combine its patented safety technology with Viridi’s battery architecture, creating a pack system that is safe enough to install indoors and durable enough to withstand the outdoor elements. KULR’s technology is being used on the Mars 2020 Perseverance Rover and other mission-critical NASA applications.
“Volta Energy’s pack architecture uses the same carbon fiber thermal management technologies we developed for NASA’s demanding space program, including crewed missions. Viridi has not only innovated fail-safe pack design using these new technologies, they have innovated methods for testing pack safety in extreme conditions that no one else has even attempted. We’re very excited to be part of the technology to bring fail-safe lithium-ion energy storage to point-of-use customers. This strategic investment by Sunbelt Rentals and National Grid means that Viridi has the channels that can scale this technology into a massive market,” said KULR’s CEO, Michael Mo.
About Viridi Parente
Viridi Parente, Inc. (Viridi) is a point-of-use lithium-ion battery technology company based in Buffalo, New York, that is reimagining energy storage. Viridi’s innovative, fail-safe battery technology, developed from materials used for aerospace and military applications, is the only design in the market that can be safely installed and operated in nearly any environment or location, bringing fail-safe battery storage technology into applications that have historically been dominated by fossil fuel and lead-acid systems. Through its Green Machine brand, Viridi is bringing fully renewable mobile energy solutions to products in construction, waste disposal, last-mile delivery, and other portable industrial markets.
Through its Volta Energy brand, Viridi brings stationary, point-of-use battery technology that is fail-safe, adaptable, and reliable to industrial, medical, commercial, municipal, and residential building applications. Viridi’s innovation extends to creating social as well as economic value, by repurposing abandoned manufacturing sites, located in economically depressed urban areas, and creating jobs in these challenged communities where they are needed most. Learn more at: www.viridiparente.com.
About B. Thomas Golisano/Grand Oaks Capital
Grand Oaks Capital is an investment firm founded by B. Thomas Golisano that makes strategic investments in both public and private securities.
About Sunbelt Rentals
We MAKE IT HAPPEN! With a passionate team of 17,000 rental experts, a growing network of more than 1,025 locations and an extensive equipment fleet that exceeds $11 billion, Sunbelt Rentals helps professionals and do-it-yourselfers get things done. With a highly diversified offering of equipment, solutions, and services available, we assist customers throughout North America extend their capabilities, complete projects on-time and handle times of crisis. No matter if you are in commercial, industrial, residential, or municipal industries, we are constantly advancing the idea of what an equipment company can do for its customers. Visit sunbeltrentals.com to find out what we can do for you.
About National Grid Partners
National Grid Partners (NGP) is the venture investment and innovation arm of National Grid plc., one of the largest investor-owned energy companies in the world. NGP invests for strategic and financial impact and leads companywide disruptive innovation efforts. The organization provides a multi-functional approach to building startups, including innovation (new business creation), incubation, corporate venture capital, business development and venture acceleration. NGP is headquartered in Silicon Valley and has offices in Boston, London, and New York. Visit ngpartners.com or follow us at www.twitter.com/@ngpartners and www.linkedin.com/showcase/national-grid-partners.
Wendy Prabhu, Mercom Communications
Tel: 1-512-215-4452
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
PASO ROBLES, Calif.--(BUSINESS WIRE)--Mountain Renewables, LLC, a national leader of technical field services for wind energy and utility-scale solar, today announced that it is changing its name to Pearce Renewables, following its sale to Pearce Services in September 2021. Pearce Services, a nationwide leader in operations, maintenance and engineering for mission-critical telecom and renewable energy infrastructure, announced the formation of its new Pearce Renewables division in October 2021.
Pearce Renewables is a leader in engineering, operations, and maintenance for renewable energy infrastructure, and has assembled a best-in-class leadership team and workforce serving utility-scale wind, solar, electric vehicle (EV) charging, and battery energy storage system infrastructure.
“Today is an exciting day for all of us at Mountain Renewables as we transition to the Pearce Renewables brand. While the name may be changing, the safety, quality service, and professionalism of our world-class team will remain the same,” said Jacob Schultz, Co-Founder of Mountain Renewables. “I would like to thank our employees for their hard work and dedication and look forward to working with the Pearce Renewables team to provide innovative and complementary solutions to our customers.”
“We are thrilled to complete our rebranding as Pearce Renewables. Our reputation as a best-in-class provider of comprehensive solutions for the entire life cycle of renewable energy infrastructure adds to Pearce’s deep expertise and provides an outstanding complementary service to Pearce’s end-to-end technical services, operations, and maintenance capabilities,” said Richie Cox, Co-Founder of Mountain Renewables.
Over the past year and a half, Pearce has combined highly experienced talent recruited from the renewable energy industry and acquired industry-leading independent services providers MaxGen Energy Services (“MaxGen”), World Wind & Solar (“WWS”), A & A Wind Pros (“A & A”), Mortenson Energy Services (“MES”) and Mountain Renewables – together forming a best-in-class team.
About Pearce Renewables
Pearce Renewables is a leading national provider of operations and maintenance services for mission-critical renewable energy infrastructure with more than 850 technicians that safely service our Wind, Solar, EV Charging, and Energy Storage infrastructure customers around the clock. With nationwide coverage, we can deploy our highly trained technicians quickly and efficiently to provide unmatched response times, safety, quality, and consistent service for distributed, mission-critical assets. Constant innovation and close collaboration with our customers are a hallmark of our service. To learn more about Pearce Renewables, visit www.pearce-renewables.com.
Media Contacts
Pearce Renewables
Dana Gorman / Matthew Butler
Abernathy MacGregor
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212-371-5999
HOUSTON--(BUSINESS WIRE)--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) announced today that it will hold a conference call on Wednesday, January 26, 2022 at 12:00 p.m. Eastern Time to discuss its fourth quarter 2021 earnings release.
To phone into the conference call, parties in the United States should dial 866-395-9624 and enter the passcode 5556718 after 11:45 a.m. Outside the United States, parties should dial 213-660-0871 and enter the passcode 5556718. This conference call will also be accessible by webcast (audio only) on Hess Midstream’s website at www.hessmidstream.com.
A replay of the conference call will be available from January 26, 2022 through February 10, 2022, by dialing 855-859-2056 and entering the passcode 5556718. Outside the United States, parties should dial 404-537-3406 and enter the passcode 5556718.
About Hess Midstream
Hess Midstream is a fee-based, growth-oriented, midstream company that owns, operates, develops and acquires a diverse set of midstream assets to provide services to Hess and third-party customers. Hess Midstream owns oil, gas and produced water handling assets that are primarily located in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota. More information is available at www.hessmidstream.com.
Forward Looking Statements
This press release may include forward-looking statements within the meaning of the federal securities laws. Generally, the words “anticipate,” “estimate,” “expect,” “forecast,” “guidance,” “could,” “may,” “should,” “believe,” “intend,” “project,” “plan,” “predict,” “will” and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results and current projections or expectations. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the filings made by Hess Midstream with the U.S. Securities and Exchange Commission, which are available to the public. Hess Midstream undertakes no obligation to, and does not intend to, update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Investor Contact:
Jennifer Gordon
(212) 536-8244
Media Contact:
Robert Young
(713) 496-6076
Ygrene Commits $240 Million in Affordable Financing to Los Angeles, Irvine, and Petaluma for Clean Energy Improvements as Part of the Cool City Challenge
PETALUMA, Calif.--(BUSINESS WIRE)--Ygrene, a leading property improvement financing provider, today announced a partnership with the Empowerment Institute’s Center for Reinventing the Planet to provide equitable access to affordable financing for energy efficiency, renewable energy, and water conservation home improvements. The commitment is part of the Cool City Challenge – a $6 million investment in three California cities becoming carbon neutral by 2030.
The Cool City Challenge awarded multi-sectoral teams in Los Angeles, Irvine, and Petaluma $1 million plus consulting support to execute their plans to achieve carbon neutrality by 2030 without carbon offsets. As a partner in this initiative, Ygrene has made an initial commitment of $240 million (approx. $80 million per city) in available financing for carbon reduction projects for the residents of the selected cities. Although the amount financed is determined by the homeowner, on average, it would allow 400 blocks per city to access up to $20,000 per household in financing with no upfront costs and flexible terms that is repaid with property taxes.
“We share the Empowerment Institute’s goal of creating healthier, cleaner, and more sustainable communities, and we look forward to working with the Institute to support the Cool City Challenge. This project will help to ensure there are ample resources and know-how for residents of Los Angeles, Irvine, and Petaluma to make critical carbon emission reductions in their neighborhoods,” said Jim Reinhart, CEO and President of Ygrene. “Ygrene helps to empower communities and residents across the country, and this is an exciting opportunity to advance our mission to help homeowners improve their homes, reduce their carbon footprint, conserve water, and help their communities hit critical climate action goals. We look forward to working with the Empowerment Institute and California homeowners on this innovative and game-changing project.”
Ygrene’s contribution will provide a 40x multiplier on the $6 million program investment and will provide unprecedented leverage to maximize the positive climate and social impact of the program.
Petaluma, one of the cities selected for the Cool City Challenge, is home to Ygrene’s headquarters. The company has helped Californians improve their homes, reduce their carbon footprint, maximize energy efficiency, and water conservation for over a decade. Since its inception, Ygrene has financed over 40,000 property improvement projects in California, which are estimated to have resulted in the installation of 98 megawatts of solar and a projected reduction of 1.5 million metric tons of CO2. Additionally, the projects are projected to save an estimated 6 billion kilowatt-hours of energy and 4.3 billion gallons of water, while adding 2 billion dollars to the state’s gross economic output.
About Ygrene
Ygrene's award-winning property improvement financing, with built-in consumer protections, is delivering greater choice for home and business owners by providing access to affordable financing for energy efficiency, renewable energy, water conservation, storm protection, and seismic upgrades. In addition, Ygrene financing has proven to be a successful tool for supporting public policy initiatives - at no cost to local government. By providing over $2.5 billion of private capital to more than 550 local communities, Ygrene has created tens of thousands of jobs and invested millions into local economies across the U.S. Learn more at ygrene.com.
Media:
Kelley Perez
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BELMONT, N.C.--(BUSINESS WIRE)--Piedmont Lithium Inc. (“Piedmont Lithium” or the “Company”) (NASDAQ: PLL) (ASX: PLL) today announced that after convening the Company’s 2022 Annual Meeting of Stockholders (the “Annual Meeting”) virtually on Tuesday, January 11, 2022, at 11 a.m. Eastern Time, the Company adjourned the Annual Meeting until Thursday, February 3, 2022 at 2 p.m. Eastern Time. Due to the COVID-19 pandemic and to mitigate the risks to the health and safety of our community, stockholders and employees, Piedmont Lithium will also be holding its rescheduled Annual Meeting in a virtual-only format, by way of webcast, and no physical or in-person meeting will be held.
At the original scheduled time of the Annual Meeting, a total of 7,329,207 shares of the Company’s common stock, or 46.18% of the common stock outstanding and entitled to vote as of November 22, 2021 (including shares of common stock underlying CHESS Depositary Interests (“CDIs”)), the record date for the Annual Meeting (the “Record Date”), were present at the Annual Meeting, either virtually or represented by proxy, which fell short of the majority of shares of common stock outstanding and entitled to vote required to reach quorum. For the sole reason of the lack of quorum, the Company adjourned the Annual Meeting to provide the Company’s stockholders additional time to vote their shares.
The preliminary voting tabulation, as of the original scheduled time of the Annual Meeting, is set forth below. As a reminder, the polls remain open and we encourage all stockholders to vote their shares if they have not already done so. Details of the final voting results, including votes validly received at the rescheduled Annual Meeting, will be tabulated and included with the official minutes of the Annual Meeting and will be available for all stockholders in our filings with the U.S. Securities and Exchange Commission within four business days.
|
Votes For |
Votes Withheld |
Broker Non-Votes |
|||||
Proposal 1. Election of Class I Directors |
|
|
|
|||||
|
3,097,354 |
|
60,068 |
|
4,171,785 |
|||
|
3,037,072 |
|
120,350 |
|
4,171,785 |
|||
|
|
|
|
|||||
|
Votes For |
Votes Against |
Abstentions |
Broker Non-Votes |
||||
Proposal 2. Ratification of Deloitte & Touche LLP as Independent Auditor |
7,131,059 |
|
165,652 |
|
32,496 |
|
- |
|
|
|
|
|
|
|
|
|
|
Proposal 3. Approval to issue 10,786 stock options to Mr. Keith Phillips |
1,914,920 |
|
1,184,493 |
|
58,009 |
|
4,171,785 |
|
|
|
|
|
|
|
|
|
|
Proposal 4. Approval to issue 5,344 restricted stock units to Mr. Keith Phillips |
2,511,398 |
|
586,044 |
|
59,980 |
|
4,171,785 |
|
|
|
|
|
|
|
|
|
|
Proposal 5. Approval to issue 1,796 restricted stock units to Mr. Jeff Armstrong |
2,008,587 |
|
1,089,972 |
|
58,863 |
|
4,171,785 |
|
|
|
|
|
|
|
|
|
|
Proposal 6. Approval to issue 1,197 restricted stock units to Mr. Jorge Beristain |
1,983,107 |
|
1,090,525 |
|
83,790 |
|
4,171,785 |
|
|
|
|
|
|
|
|
|
|
Proposal 7. Approval to issue 1,197 restricted stock units to Mr. Todd Hannigan |
2,006,853 |
|
1,092,079 |
|
58,490 |
|
4,171,785 |
|
|
|
|
|
|
|
|
|
|
Proposal 8. Approval to issue 1,197 restricted stock units to Mr. Claude Demby |
2,006,740 |
|
1,092,045 |
|
58,637 |
|
4,171,785 |
|
|
|
|
|
|
|
|
|
|
Proposal 9. Approval to issue 1,197 restricted stock units to Ms. Susan Jones |
2,009,241 |
|
1,089,373 |
|
58,808 |
|
4,171,785 |
|
We encourage all stockholders to actively take steps to vote their shares. See below under “How do I vote?” for instructions on how to vote if you have not already voted.
We also encourage all stockholders and interested parties to refer to our Annual Report and Form 10-K for the year ended June 30, 2021 which can be found on our website at www.piedmontlithium.com. You can also find our proxy materials, including our proxy statement dated November 30, 2021 (the “Proxy Statement”) on our website in the “Investors” section under “SEC Filings.” The Proxy Statement and Annual Report are also available at www.proxyvote.com.
How can I participate in the rescheduled virtual Annual Meeting?
Stockholders of record as of the close of business on the Record Date are entitled to participate in and vote at the rescheduled virtual Annual Meeting. To participate in the rescheduled Annual Meeting, including to vote, ask questions and view the list of registered stockholders as of the Record Date during the meeting, stockholders of record should go to the same meeting website at www.virtualshareholdermeeting.com/PLL2022, enter the 16-digit control number found on your proxy card or Notice of Internet Availability of Proxy Materials (the “Notice”) and follow the instructions on the website. If your shares are held in street name and your voting instruction form or Notice indicates that you may vote those shares through www.proxyvote.com, then you may access, participate in and vote at the rescheduled Annual Meeting with the 16-digit access code indicated on that voting instruction form or Notice. Otherwise, stockholders who hold their shares in street name should contact their bank, broker or other nominee (preferably at least five days before the rescheduled Annual Meeting) and obtain a “legal proxy” in order to be able to attend, participate in or vote at the rescheduled Annual Meeting.
The meeting webcast will begin promptly at 2 p.m. Eastern Time. Online check-in will begin approximately 15 minutes before then, and we encourage you to allow ample time for check-in procedures. If you experience technical difficulties during the check-in process or during the meeting, please call the number listed on the meeting website for technical support. Additional information regarding the rules and procedures for participating in the rescheduled Annual Meeting will be set forth in our meeting rules of conduct, which stockholders can view during the meeting at the meeting website. Regardless of whether you plan to participate in the rescheduled Annual Meeting, it is important that your shares be represented and voted. Accordingly, we encourage you to vote in advance of the rescheduled Annual Meeting.
How do I vote?
Full details on how to vote, change or revoke a vote, appoint a proxyholder, attend the rescheduled virtual Annual Meeting, ask questions and other general proxy matters are available in the Proxy Statement, available on the Company’s website or the sec.gov website.
The record date for determining stockholders and CDI holders eligible to vote at the Annual Meeting will remain the close of business on November 22, 2021. Stockholders and CDI holders who have already submitted a valid proxy do not need to vote again for the rescheduled Annual Meeting, as the proxies submitted will remain valid. Stockholders who have already submitted a proxy and want to change their vote, can update their vote in the manner set forth in the Proxy Statement. Your vote will be recorded at the rescheduled Annual Meeting in accordance with your most recently submitted proxy.
Piedmont Lithium stockholders and CDI holders as of close of business on the Record Date who have not voted are encouraged to vote by following the instructions in the Proxy Statement. Stockholders that need assistance voting or have questions may contact the Company’s proxy solicitation firm, Morrow Sodali, at This email address is being protected from spambots. You need JavaScript enabled to view it..
Previously, the voting cut-off date for CDI holders was 9 a.m. Australian Eastern Daylight Time, Thursday, January 6, 2022. Due to the adjournment of the Annual Meeting, the voting cut-off time for CDI holders has now been extended to Friday, January 28, 2022 at 9 a.m. Australian Eastern Daylight Time.
Whether or not you plan to attend the rescheduled virtual Annual Meeting, we urge you to vote and submit your proxy in advance of the Annual Meeting by one of the methods described in the Proxy Statement found on our corporate website.
About Piedmont Lithium Inc.
Piedmont Lithium is developing a world-class, multi-asset, integrated lithium business focused on enabling the transition to a net zero world and the creation of a clean energy economy in North America. The centerpiece of our operations, located in the renowned Carolina Tin Spodumene Belt of North Carolina, when combined with equally strategic and in demand mineral resources, and production assets in Quebec, and Ghana, positions us to be one of the largest, lowest cost, most sustainable producers of battery-grade lithium hydroxide in the world. We will also be strategically located to best serve the fast-growing North American electric vehicle supply chain. The unique geology, geography and proximity of our resources, production operations and customer base, will allow us to deliver valuable continuity of supply of a high-quality, sustainably produced lithium hydroxide from spodumene concentrate, preferred by most EV manufacturers. Our planned diversified operations should enable us to play a pivotal role in supporting America’s move toward decarbonization and the electrification of transportation and energy storage. As a member of organizations like the International Responsible Mining Association, and the Zero Emissions Transportation Association, we are committed to protecting and preserving our planet for future generations, and to making economic and social contributions to the communities we serve. For more information please visit www.piedmontlithium.com.
Keith Phillips
President & CEO
T: +1 973 809 0505
E: This email address is being protected from spambots. You need JavaScript enabled to view it.
Brian Risinger
VP – Investor Relations and Corporate Communications
T: +1 704 910 9688
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Over the Past Year, ComEd has Supported the Launch of Six New Data Centers
ELK GROVE VILLAGE, Ill.--(BUSINESS WIRE)--ComEd joins Skybox Datacenters, a national data center provider, in announcing the completion of a 189,000-square-foot data center in the heart of Elk Grove Village. The new facility is Skybox’s first data center in Illinois and will expand hyperscale digital infrastructure to meet commercial data needs in the region. In addition to creating jobs and local investment for the area, Skybox’s new facility benefits from clean, reliable and affordable energy access provided by the Illinois competitive energy market and ComEd.
Over the past year alone, ComEd helped bring six new data centers to northern Illinois, generating over $2 billion in investment and hundreds of construction jobs in the coming years. While Northern Illinois is already home to more than 70 data center facilities, that number is expected to rise in the years ahead as companies continue to make plans for 2022 and beyond.
“ComEd is proud to electrify new data centers throughout the region which create jobs and generate investment for the communities we serve,” said Gil Quiniones, CEO of ComEd. “With their first Illinois data center, Skybox is the latest example of companies investing in Northern Illinois due to affordable rates, access to clean energy, and unparalleled reliability.”
Completion of Illinois’ newest data center follows a six-month construction effort, where an existing distribution and logistics building was retrofitted with structural improvements, redundant 34kV lines and a two-tiered service plan by ComEd to bring competitive, reliable energy. This project is a new joint venture between Prologis Inc, the global leader in logistics real estate, and Skybox Datacenters, a leading national data center developer. The project will create at least 20 competitive full-time positions and employ over 200 positions during construction.
“Skybox is thrilled to launch our newest data center facility in Elk Grove Village, which offers innovative, sustainable and adaptable turn-key and powered shell solutions that will benefit our enterprise and hyperscale customers in Chicago and across the country,” said Rob Morris, CEO of Skybox Datacenters. “This project delivers the scale and the speed our clients need to be competitive in today’s economy – and would not be possible without support of ComEd and its continued focus on reliable, sustainable access to support the thriving data center ecosystem in this region.”
“We are pleased that Skybox chose Elk Grove Village for the site of their newly operational 30 MW data center facility. This significant investment by Skybox furthers our reputation as a regional center for high-tech business development and innovation,” said Elk Grove Village Mayor Craig Johnson. “Elk Grove Village would not be able to attract world-class data center operators like Skybox without the expanded power capacity that ComEd has provided through their proactive investment in infrastructure in our community.”
The new Skybox data center is located in Elk Grove Village, which received a major boost in 2021 when ComEd’s newest substation came online. The five-acre facility is part of ComEd’s long-range plan to provide more power capacity to support future growth and operation of data centers in the region, which includes Elk Grove’s Tech Park and the Western O’Hare industrial corridor.
“Prologis is pleased to be part of this important project that is strengthening the digital infrastructure of the region,” said Jeff Folkman, Prologis’ Market Officer for Chicago. “It has been great to partner with ComEd, Elk Grove Village and Skybox on this project. Given our significant presence in the Chicagoland market, we look forward to future opportunities to work with community leaders on similar projects that will make the region an even better place to live and work.”
Data center development has seen record growth in the past couple of years, driven in part by competitive energy costs in the region and assistance offered by a new data center tax incentive program by the State of Illinois. A recent report by Cushman & Wakefield finds Chicago ranks second in the world for data centers based on the current real estate market conditions, the digital ecosystem, sustainability and regulatory environment.
“Illinois’ robust electric utilities make it an ideal location for data center operations,” said Intersect Illinois Vice President of Business Development Paulina San Millan. “We are pleased to welcome Skybox’s new data center to Illinois, and fortunate to have ComEd, a company focused on reliable, sustainable and affordable energy, supporting the development of this exciting project and important sector.”
A dependable energy supply market with costs significantly lower than coastal urban metros continues to attract companies to Northern Illinois. Thanks to these competitive advantages – and continued grid reliability investments by the company ComEd ranked in the top 20 energy companies for economic development, according to Site Selection magazine, compared with over 3,300 electric companies evaluated nationally.
About ComEd:
Commonwealth Edison Company (ComEd) is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), the nation’s leading competitive energy provider, with approximately 10 million customers. ComEd provides service to approximately 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit ComEd.com, and connect with the company on Facebook, Twitter, Instagram and YouTube.
ComEd Media Relations
312-394-3500
VALLEY FORGE, Pa.--(BUSINESS WIRE)--#EarningsCall--UGI Corporation (NYSE:UGI) will announce the results of its first fiscal quarter earnings after the market closes on February 2. The company will hold a live internet audio webcast of its conference call to discuss results and other current activities at 9:00 AM ET on Thursday, February 3.
Interested parties may listen to the audio webcast both live and in replay on the Internet at https://www.ugicorp.com/investors/financial-reports/events-and-presentations or by visiting the company website https://www.ugicorp.com and clicking on “Investors” and then “Events and Presentations.”
A telephonic replay will be available from 12:00 PM ET on February 3 through 11:59 PM ET February 10. The replay may be accessed toll free at 855-859-2056 and internationally at +1 404-537-3406, conference ID 9390638.
About UGI
UGI Corporation is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, natural gas utilities in West Virginia, distributes LPG both domestically (through AmeriGas) and internationally (through UGI International), manages midstream energy assets in Pennsylvania, Ohio, and West Virginia and electric generation assets in Pennsylvania, and engages in energy marketing, including renewable natural gas, in the Mid-Atlantic region of the United States and California, and internationally in France, Belgium, the Netherlands and the UK.
Comprehensive information about UGI Corporation is available on the Internet at https://www.ugicorp.com.
INVESTOR RELATIONS
610-337-1000
Tameka Morris, ext. 6297
Arnab Mukherjee, ext. 7498
Shelly Oates, ext. 3202
LA ROMANA, Dominican Republic--(BUSINESS WIRE)--A judgment was entered against S2 Yachts (owner of Tiara Yachts and former owner of Pursuit Boats) in favor of ERH Marine Corp. Michigan Federal Court has found S2 Yachts liable for contract breach in its dispute with ERH Marine Corp.
For detailed information regarding Case No.1:18-CV-389 - United States District Court for the Western District of Michigan Southern Division, please refer to the opinion of the court at https://tinyurl.com/3va53ryb .
Portions of the case involving other claims, including business defamation, will continue in the United States, and the claim involving application of the Dominican Republic’s Public Law 173 will continue in the Dominican courts until all options are exhausted.
About ERH Marine Corp.:
ERH Marine Corp. was founded in 1999 by Eudaldo R. Hernandez, an avid boating enthusiast who saw the need of providing marine customers with first-class sales and service. Our main goal is to provide a pleasurable and safe boating experience to our customers and thus, develop excellent and long-lasting relationships with them, their families, and friends. We have trained professionals that assist our customers to find the perfect boat that fits their needs. We feel very proud of the fact that the richest source of referrals is our customers. Our current portfolio is well balanced in order to satisfy the fishing or cruising enthusiasts looking for premium outboard or inboard powerboats. We are the official distributors of Ferretti, Pershing, Riva, Itama, Custom Line, CRN, Custome Line, and Scout Boats in the Dominican Republic and Puerto Rico. Additionally, we are Scout boat distributors in the Dominican Republic. Our Sales and Marketing offices are conveniently located in Santo Domingo and La Romana, Dominican Republic, and our yard facilities are located nearby in Andres, Boca Chica. We also provide mobile warranty and maintenance service.
Media Contact:
Maria A. Hernández, Communications Director, ERH Marine Corp.
This email address is being protected from spambots. You need JavaScript enabled to view it. | +1-809-519-3596
DULUTH, Minn.--(BUSINESS WIRE)--ALLETE (NYSE:ALE) today announced Senior Vice President and Chief Financial Officer Robert Adams will retire from the company later this year. As part of a planned transition, Adams will remain at the company until June 2022.
Adams has held a variety of roles in his more-than-35-year career with ALLETE, working directly with both rate-regulated and non-rate-regulated/diversification activities, since joining the Duluth-based company in 1987 as a financial analyst. He was named vice president of finance of Minnesota Power in 1997, chief risk officer and vice president of business development in 2008, and promoted to senior vice president of energy-centric businesses in 2015, where he had responsibility for three of ALLETE’s operating units: Superior Water, Light and Power; BNI Energy; and U.S. Water Services, Inc. In 2017, he advanced to senior vice president and CFO of ALLETE. He was also heavily involved in several successful company startups and was CEO of Reach-All Manufacturing for a period in the early 1990s.
"Bob led many of ALLETE’s successful diversification initiatives during his long career, and his strategic financial leadership has been integral to ALLETE’s clean-energy transformation," said ALLETE Chair, President and CEO Bethany Owen. "Bob has recruited and developed strong, talented, and experienced finance and accounting teams, who will continue to serve ALLETE with disciplined, strategic, and values-based leadership well into the future. ALLETE is a stronger, more resilient company because of Bob’s many contributions throughout his distinguished career, and we wish him the very best in his upcoming retirement."
Owen said Adams’ financial discipline serves the company well, evident in the 2015 acquisition of U.S. Water Services, Inc., an integrated water-solutions company, and its sale in 2019 to strategically redeploy capital into the growing renewable energy sector. That strategically reinvested capital helped secure ALLETE’s rank as the second-largest investor in renewable energy among North American investor-owned utilities, relative to company size, in a recent study.
"I’ve always said ALLETE’s people, through their engagement, collaborative nature and highly innovative capabilities, are a unique and key ingredient to the ‘special sauce’ behind the company’s achievements,” Adams said. “Today’s energy industry has such tremendous opportunity and growth potential. With a great team in place executing its sustainability in action strategy, ALLETE is well-positioned to thrive by taking full advantage of the opportunities in clean energy.”
Owen said Adams’ planned retirement is part of an orderly succession plan, and that ALLETE has initiated steps to identify a new chief financial officer and expects to do so in February 2022.
ALLETE, Inc. is an energy company headquartered in Duluth, Minnesota. In addition to its electric utilities, Minnesota Power and Superior Water, Light and Power of Wisconsin, ALLETE owns ALLETE Clean Energy, based in Duluth; and BNI Energy in Bismarck, N.D.; and has an eight percent equity interest in the American Transmission Co. More information about ALLETE is available at www.allete.com.
ALE-CORP
The statements contained in this release and statements that ALLETE may make orally in connection with this release that are not historical facts, are forward-looking statements. Actual results may differ materially from those projected in the forward-looking statements. These forward-looking statements involve risks and uncertainties and investors are directed to the risks discussed in documents filed by ALLETE with the Securities and Exchange Commission.
Investor Contact:
Vince Meyer
218-723-3952
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DUBLIN--(BUSINESS WIRE)--The "Global Gas Power Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.
For the first half of the 2010s, natural gas was widely considered the fuel of the future, and the 2020s on would see the "Golden Age of Gas," to quote the International Energy Agency (IEA).
However, the prospects for natural gas have become much more uncertain for the second half of this decade, with some sceptics promoting the idea that gas does not have a long-term future as a source of power generation.
Moreover, concerns about climate change have increased pressure on reducing reliance on fossil fuels, particularly coal and oil, but also gas. At the same time, global power demand has recovered strongly after the COVID-19 pandemic, resulting in high commodity prices and subsequent inflation. Extracting and burning natural gas produces substantial emissions, but this volume remains significantly lower than that of burning coal.
Renewables are certainly going to dominate global investment, but legitimate concerns exist about whether they can really meet the increase in demand that will come from population and economic growth in the developing world and from the increases in demand that will come from the electrification of industry, infrastructure, and mobility during the next two decades.
The reality is that natural gas still has a significant role to play in the world, and this report seeks to shed light on some of the key trends and likely developments within the global gas market during the course of the decade (2020-2030). These advances include the potential role of hydrogen; the need for flexibility in assets; the role of liquefied natural gas (LNG); the potential for carbon capture, utilization, and storage (CCUS); and the adoption of advanced service offerings for an aging base.
From a technology perspective, equipment revenues and capacity forecasts for both turbines and generator sets (gensets) are included. The core regions analyzed are North America, Latin America, Europe, Asia-Pacific (APAC [excluding China and India]), China, India, Africa, and the Middle East.
Key Topics Covered:
1. Strategic Imperatives
2. Growth Opportunity Analysis - Gas Power
3. Key Market & Technology Trends
4. Growth Opportunity Analysis - Gas Power
5. Growth Opportunity Analysis - North America
6. Growth Opportunity Analysis - Europe
7. Growth Opportunity Analysis - Asia-Pacific
8. Growth Opportunity Analysis - China
9. Growth Opportunity Analysis - India
10. Growth Opportunity Analysis - Latin America
11. Growth Opportunity Analysis - The Middle East
12. Growth Opportunity Analysis - Africa
13. Growth Opportunity Universe
For more information about this report visit https://www.researchandmarkets.com/r/epp032
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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LOS ANGELES--(BUSINESS WIRE)--AltaSea at the Port of Los Angeles CEO and former CalEPA Secretary Terry Tamminen issued the following statement after Governor Gavin Newsom released his 2022 proposed California State Budget:
“Governor Newsom continues his historic leadership in putting California’s financial muscle behind equitable climate solutions. The environmental community appreciated his $15 billion commitment last year to fighting climate change. But this year, in the midst of all California faces, the Governor has shown true grit in committing an additional $22.5 billion to advancing the state’s commitment to our planet.
His commitment will not only help find solutions to climate change, but also provide good careers for Californians. One important example is the blue economy—sustainable use of ocean resources for economic growth—which is estimated by the Los Angeles Economic Development Corporation (LAEDC) to create well over 126,000 direct jobs in LA County alone, paying a combined $37.7 billion in wages by 2030.
All of us at AltaSea are ready to take up the Governor’s call '… to build on our history of innovation, economic growth and policy driven by science to lead in adapting to and mitigating climate change.'
And Governor Newsom won’t be alone in this important effort. President Biden’s Economic Development Administration recently selected the LAEDC, AltaSea and a coalition of regional stakeholders as one of 60 finalists in the $1 billion Build Back Better Regional Challenge – from 529 applications. Should our coalition be selected, we will develop and scale blue and green growth innovations within the Goods Movement Ecosystem in Southern California.
We thank the Governor for his commitment to fighting the climate change crisis by flexing California’s financial muscle and driving the Golden State’s legendary capacity for innovation. We ask the members of the State Legislature to support this critical effort.”
About AltaSea at the Port of Los Angeles
AltaSea at the Port of Los Angeles, located on 35 acres at North America’s leading seaport by both container volume and cargo value, is dedicated to accelerating scientific collaboration, advancing an emerging blue economy through business innovation and job creation, and inspiring the next generation, all for a more sustainable, just, and equitable world.
For more information on AltaSea, please see our website: https://altasea.org.
Jacob Scott
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412-445-7719
OSAGE, Iowa--(BUSINESS WIRE)--Valent BioSciences LLC announced today that it is undertaking two major environmental initiatives at its biorational manufacturing facility in Osage, Iowa. They include a new prairie restoration project and solar field, both situated on existing Valent BioSciences land, which will provide a variety of benefits to the local community.
Prairie Restoration Project
Valent BioSciences is restoring 34 acres of highly diverse native prairie on its land in Mitchell County, Iowa, which will be accessible to the public. This project will help establish and support a diverse native habitat for birds, butterflies, insects, reptiles, and small wildlife. The prairie will also become a rest stop for monarch butterflies that migrate to and from Mexico each year.
At maturation, the prairie will sequester approximately 170 tons of carbon dioxide annually, helping mitigate the effects of greenhouse gas in the environment. Another environmental benefit is that it will need little maintenance and won’t require the application of fertilizers or pesticides.
The prairie will be available for local community and school use. A walking path will make it easy for visitors to traverse the prairie and interact with nature.
In conjunction with the project, Valent BioSciences applied for and received a grant for prairie seed from the U.S. Department of Agriculture and Iowa Natural Resources Conservation Service.
Solar Field
The 1.5-megawatt alternating current (AC) solar field will be constructed on 12 acres of Valent BioSciences land adjacent to the prairie restoration project in conjunction with its partners, OneEnergy Renewables and Heartland Power Cooperative. This field will include approximately 3,700 bifacial solar panels that produce power from both sides of the panel and also track the sun from east to west. Once the solar field is operational, the Osage facility will receive the Renewable Energy Certificates (RECs) generated by the solar field. This project ensures that renewable energy will help power the Valent BioSciences facility.
The solar field is expected to produce about 3.4 million kilowatt hours of solar-generated electricity annually, which is anticipated to provide approximately 8% of the Osage facility’s total annual electricity usage. This amount of electricity generated is enough to power approximately 425 average-sized homes annually.
“We are proud to support these environmental initiatives, which align with our focus on sustainability and enhancing the quality of life in our local communities,” said Paul Kelley, Valent BioSciences’ Vice President of Supply Chain and Manufacturing. “Much work has also been going on behind the scenes to make these initiatives a reality, and we want to thank OneEnergy Renewables, the Heartland Power Cooperative, the City of Osage, the Mitchell County Conservation Board, and Pheasants Forever for their valuable contributions and assistance.”
“OneEnergy is excited to work with Valent BioSciences and Heartland Power Cooperative on this exceptional project,” said Tobin Booth, OneEnergy’s CEO. “We look forward to working with the community and county to permit the project this winter, and then to construct the site starting in the spring.”
“We are thankful for the opportunity to partner with Valent BioSciences and OneEnergy on this project,” said Heartland Power Cooperative CEO Jon Leerar. “By working together, Heartland Power Cooperative and OneEnergy are able to provide knowledge and experience in the energy industry to help Valent BioSciences reach their sustainability goals.”
The 46-acre parcel of land that will be the home for the prairie and solar field was removed from row crop production during the fall and the 34-acre prairie site was planted on December 1 with a pollinator mix that includes high-quality annual and perennial wildflowers. Construction on the solar field is intended to start in April 2022, with an anticipated completion date in September 2022. Valent BioSciences has also planted more than 200 trees of different species around its Osage facility during the past two years.
About Valent BioSciences LLC
Headquartered in Libertyville, Illinois, Valent BioSciences is a subsidiary of Tokyo-based Sumitomo Chemical Co., Ltd., and is the worldwide leader in the development, manufacturing, and commercialization of biorational products with sales in 95 countries around the world. Valent BioSciences is an ISO 9001 Certified Company. For additional information, visit the company’s website at www.valentbiosciences.com.
About OneEnergy Renewables
OneEnergy Renewables develops and delivers community and utility-scale solar energy facilities across the United States. OneEnergy’s mission is to make clean energy the number one electricity choice for consumers and utilities. Powered by the belief that the future will run on clean energy, its team works collaboratively with landowners, communities, and utility companies to deliver breakthrough clean energy facilities. For more information, please visit: www.oneenergyrenewables.com.
About Heartland Power Cooperative
Heartland Power Cooperative is a member-owned rural electric distribution cooperative with offices in Thompson and St. Ansgar, IA. Heartland Power serves nearly 5,300 homes, farms, businesses, and industry with over 1,900 miles of electric power lines across 12 counties in Northern Iowa and Southern Minnesota. We are committed to providing members with quality and affordable energy services that both meet and exceed their expectations. Heartland Power is a Touchstone Energy Cooperative. For more information visit our website at www.heartlandpower.com.
John Mandel
Valent BioSciences LLC
847-968-4728
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Carmen Murray
OneEnergy Renewables
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Jessica Marzen; Marketing & Communication Representative
Heartland Power Cooperative
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HAMILTON, Bermuda--(BUSINESS WIRE)--January 11, 2022 -- Triton International Limited (NYSE:TRTN) (the “Company” or “Triton”) today announced that its subsidiaries, Triton Container International Limited and TAL International Container Corporation, as co-issuers, have priced a public offering of $600 million aggregate principal amount of 3.250% Senior Notes due 2032 (the “Notes”) at an offering price of 99.600% of the principal amount thereof. The Notes will be guaranteed on a senior unsecured basis by the Company.
The offering is expected to close on January 19, 2022, subject to the satisfaction of customary closing conditions. The net proceeds from the offering are expected to be used to repay borrowings under the Company’s revolving credit facility.
Citigroup Global Markets Inc., ING Financial Markets LLC, Wells Fargo Securities, LLC, Fifth Third Securities, Inc., MUFG Securities Americas Inc. and Truist Securities, Inc. are acting as joint book-running managers for the offering.
The offering is being made pursuant to an effective shelf registration statement, previously filed with the Securities and Exchange Commission (the “SEC”). The offering is being made only by means of a prospectus supplement and a related prospectus, copies of which may be obtained on the SEC’s website at www.sec.gov or by contacting:
Citigroup Global Markets Inc.
Attn: Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, New York 11717
Tel: 1-800-831-9146
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ING Financial Markets LLC
Attn: DCM Syndicate Desk
1133 Avenue of the Americas
New York, New York 10036
United States of America
Tel: +1-646-424-8972
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Wells Fargo Securities, LLC
Attn: WFS Customer Service
608 2nd Avenue South, Suite 1000
Minneapolis, MN 55402
Tel: 1-800-645-3751
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Fifth Third Securities, Inc.
38 Fountain Square Plaza
Cincinnati, Ohio 45263
Tel: 1-866-531-5353
MUFG Securities Americas Inc.
1221 Avenue of the Americas, 6th Floor
New York, New York 10020
Tel: 1-877-649-6848
Truist Securities, Inc.
Attn: Prospectus Dept.,
303 Peachtree Street,
Atlanta, GA 30308,
Tel: 1-800-685-4886
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
This press release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Important Cautionary Information Regarding Forward-Looking Statements
Certain statements in this release, other than purely historical information, including statements about the offering and the intended use of proceeds therefrom, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements that include the words “expect,” “intend,” “plan,” “seek,” “believe,” “project,” “predict,” “anticipate,” “potential,” “will,” “may,” “would” and similar statements of a future or forward-looking nature may be used to identify forward-looking statements. All forward-looking statements address matters that involve risks and uncertainties, many of which are beyond Triton’s control. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements.
These factors include, without limitation, economic, business, competitive, market and regulatory conditions and the following: the impact of COVID-19 on our business and financial results; decreases in the demand for leased containers; decreases in market leasing rates for containers; difficulties in re-leasing containers after their initial fixed-term leases; our customers’ decisions to buy rather than lease containers; dependence on a limited number of customers and suppliers for a substantial portion of revenues; customer defaults; decreases in the selling prices of used containers; extensive competition in the container leasing industry; difficulties stemming from the international nature of our business; decreases in demand for international trade; disruption to our operations resulting from the political and economic policies of the United States and other countries, particularly China, including but not limited to the impact of trade wars, duties and tariffs; disruption to our operations from failures of, or attacks on, our information technology systems; disruption to our operations as a result of natural disasters; compliance with laws and regulations related to economic and trade sanctions, security, anti-terrorism, environmental protection and corruption; our ability to obtain sufficient capital to support our growth; restrictions imposed by the terms of our debt agreements; changes in tax laws in Bermuda, the United States and other countries and other risks and uncertainties, including those risk factors set forth in the section entitled “Risk Factors” in our Form 10-K filed with the SEC on February 16, 2021 and our preliminary prospectus supplement and accompanying prospectus related to the public offering filed with the SEC on January 11, 2022.
The foregoing list of important factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included herein and elsewhere. Any forward-looking statements made herein are qualified in their entirety by these cautionary statements, and there can be no assurance that the actual results or developments anticipated by us will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on Triton or its business or operations. Except to the extent required by applicable law, we undertake no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise.
About Triton International Limited
Triton International Limited is the world’s largest lessor of intermodal freight containers. With a container fleet of 7.1 million twenty-foot equivalent units (“TEU”), Triton’s global operations include acquisition, leasing, re-leasing and subsequent sale of multiple types of intermodal containers and chassis.
Andrew Greenberg
Senior Vice President
Business Development & Investor Relations
914-697-2900
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