BOGOTA, Colombia--(BUSINESS WIRE)--GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator today announced its inclusion in the 2022 Bloomberg Gender Equality Index (“Bloomberg GEI”).

The Bloomberg GEI is a market capitalization-weighted index that aims to track the performance of public companies committed to transparency in gender equality reporting disclosures including female leadership & talent pipeline, equal pay & gender pay parity, inclusive culture, anti-sexual harassment policies, and pro-women brand. Companies included in the 2022 Bloomberg GEI scored at or above a global threshold established by Bloomberg to reflect best-in-class gender-related statistics and policies.

Sylvia Escovar, Chair of GeoPark, said: “As a Company built from scratch with the need to attract and hire the most capable professionals in order to achieve our long-term value proposition, it is natural that our team mirrors the true diversity of the world around us. We need the very best people to reach our big objectives and that is the simple formula behind our track record of success. Integrating and promoting diversity continuously adds value by expanding our opportunities, enriching our culture, and allowing us to see and accomplish more.”

Peter T. Grauer, Chairman of Bloomberg and Founding Chairman of the U.S. 30% Club, said: “We are proud to recognize GeoPark and the other 417 companies included in the 2022 GEI for their commitment to transparency and setting a new standard in gender-related data reporting. Even though the threshold for inclusion in the GEI has risen, the member list continues to grow. This is a testament that more companies are working to improve upon their gender-related metrics, fostering more opportunity for diverse talent to succeed in their organizations.”

NOTICE

Additional information about GeoPark can be found in the “Investor Support” section on the website at www.geo-park.com.

Certain amounts included in this press release have been rounded for ease of presentation.

CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION

This press release contains statements that constitute forward-looking statements. Many of the forward-looking statements contained in this press release can be identified by the use of forward-looking words such as ‘‘anticipate,’’ ‘‘believe,’’ ‘‘could,’’ ‘‘expect,’’ ‘‘should,’’ ‘‘plan,’’ ‘‘intend,’’ ‘‘will,’’ ‘‘estimate’’ and ‘‘potential,’’ among others.

Forward-looking statements that appear in a number of places in this press release include, but are not limited to, statements regarding the intent, belief or current expectations, regarding various matters, including expected dividend payments, share buybacks, future financial performance and free cash flow generation. Forward-looking statements are based on management’s beliefs and assumptions, and on information currently available to the management. Such statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in the forward-looking statements due to various factors.

Forward-looking statements speak only as of the date they are made, and the Company does not undertake any obligation to update them in light of new information or future developments or to release publicly any revisions to these statements in order to reflect later events or circumstances, or to reflect the occurrence of unanticipated events. For a discussion of the risks facing the Company which could affect whether these forward-looking statements are realized, see filings with the U.S. Securities and Exchange Commission (SEC).

INVESTORS:
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CALGARY, Alberta--(BUSINESS WIRE)--Cold Bore Technology Inc. (“Cold Bore”), the leader in frac completions automation and platform technology, announced today that it has been recognized by notable innovation advisory firm, Darcy Partners, as one of the Top 10 Technologies from 2021 in Drilling and Completions.

With a rich and proprietary dataset on its Darcy Connect platform, collating information from over 10,000 energy company users, Darcy Partners is able to uniquely track which innovators saw the most activity on the platform in the form of views, clicks, likes, follows, meetings scheduled, etc. Combined with analysis from its Research Team about technology developments and market traction, it selects the Top 10 Innovators from 2021 in each of its coverage channels.

Cold Bore was recognized as a breakout performer in the Drilling and Completions sector in a year that saw it drive record deployments of its SmartPAD completions platform and control system, record revenues and almost double the size of its workforce both in Canada and the United States.

In a statement released on LinkedIn, Darcy Partners remarked that “2021 was characterized by a recovery in activity in both Drilling and Completions from the lows of 2020, a trend we expect to see continue into 2022.” It went on to say that its selection of the Top 10 Innovators from 2021 in each of its coverage channels is its way of saying: "these are the innovators that your peers are most interested in, so you should definitely go and learn more about them.”

“Receiving this accolade and endorsement as a top solution in high demand by real operators, further validates the growth we’re experiencing both in the market and within Cold Bore as a company,” said Brett Chell, CEO at Cold Bore. “The drive towards fully automated completions is stronger than it’s ever been and we’re thrilled to be partnering with so many of the largest and most progressive operators across North America to lead the charge."

Cold Bore is changing the face of frac with its centralized digital platform called SmartPAD. SmartPAD is an end-to-end, fully integrated “Plug and Play” completions platform. Acting as a digitised control centre, SmartPAD automatically tracks an independent and complete multiservice timestamp for the entire fracing operation. Second by second the SmartPAD standardizes the entirety of data collection, visualization and communication between services and the operator. This is the universal connection point to end all data and protocol variability struggles with a universal approach that makes formatting every pad as easy as “Plug and Play.”

About Cold Bore

Cold Bore Technology Inc. (“Cold Bore”) is a global leader in completion optimization technology, developing the first Completions Operating System through Cold Bore’s SmartPAD service.

For more information, please visit - https://www.coldboretechnology.com

For media enquiries or interviews:
Josh Stanbury | This email address is being protected from spambots. You need JavaScript enabled to view it. | 416-628-7441

Findings reveal damage to business performance when companies lack insight into their processes

NEW YORK & MUNICH--(BUSINESS WIRE)--Celonis, the pioneer and global leader in process mining and execution management, today released independent research showing that businesses are hindered by the complexity of multiple systems and processes, and lack understanding of their process data. These findings stem from the Forrester Consulting survey commissioned by Celonis: “Trends in Process Improvement and Data Execution: How Organizations are Improving Processes and Turning Process Data into Real-Time Action.”

The study found that business leaders are turning to process mining to deliver data and uncover insights about how their business operates. These insights are helping them to understand and improve the execution of a complex web of processes that power their company. These include supply chain and customer service processes that function across a vast range of systems, such as Enterprise Resource Planning, Supply Chain Management, Information Technology Service Management, spreadsheets and more.

The findings also show a range of business issues that are created when companies lack insights into how their processes are executing including increased cost, decreased efficiency, missed new business opportunities, lower productivity, high employee turnover rates, missed KPIs, loss of revenue, lower customer and employee satisfaction as well as loss of strategic vision.

“Process inefficiencies are the silent killers in businesses and they can't be seen without process mining,” said Wil van der Aalst, Chief Scientist at Celonis. “When process inefficiencies are seen and fixed business performance increases as well as the flexibility to read and react to business disruptions, inflation, pandemics and sustainability requirements."

The survey revealed that… “More than ever, organizations are tasked with navigating increasingly complex processes. The art of simplification — a useful business principle in theory — has, for many companies, evolved into problem-solving by adding, not subtracting, technologies. For others, it has meant wishfully throwing automation at complex processes, only to see a lack of fit lead to disappointing results. To optimize business performance, brands must quickly and objectively identify process inefficiencies and gather real time understandings of their inner workings at scale to meet company goals and successfully compete.”

The study captures insights from more than 800 decision-makers at companies worldwide.

Key Findings include:

• 61% of decision-makers will use, or are evaluating, process mining in the next 12 months, ranking it the top technology they plan to use to measure or improve their business processes.
• 71% of businesses use ten or more applications to execute a single process and 72% still use manual methods that limit process visibility.
• 90% of businesses that use process mining technology are confident they’ll hit their process improvement targets this year.
• Only 16% of businesses say they have complete visibility into their processes and just 7% report complete, real-time process visibility.

Organizations are Failing to Optimize Processes, Losing Out on Key Opportunities

Organizations have historically struggled to develop, document and track processes, but on top of this, companies now wrestle with macroeconomic challenges such as inflation, supply chain disruptions and hybrid system environments, making process visibility even more critical now.

• Only 56% of decision-makers feel they’re able to incorporate all systems involved into their department’s processes to create an end-to-end view of those processes.
• Almost half of the survey participants, 44%, said they are spending more due to lack of process insights. 28% of North America respondents are feeling the impact of lower customer satisfaction from process issues compared to their EMEA counterparts, 25%.

Elusive Real-Time Data Hampers Execution

The next phase of transforming business processes is moving from complete process visibility to complete real-time process visibility. In the modern consumer experience, reacting in real-time is table-stakes – imagine if Uber took more than a day to process requests. Why should business processes be different?

The lack of real-time data adoption by businesses to improve process visibility shows:

• 53% of businesses report using process visibility data that is more than one day old
• 28% of businesses report using process visibility data that is greater than 10 minutes old and less than one day old
• 12% of businesses report using process visibility data that is greater than one minute but less than 10 minutes old

Based on the findings of Forrester’s research, Celonis makes the following recommendations to improve productivity (and therefore save resources and provide a better customer experience):

• Identify processes to track and baseline before assessing which to improve, or automate: It’s crucial that businesses first know their processes, intimately, before triaging and changing plans for improvements. A helpful mantra to remember is “understand, reengineer, and automate processes” - in this order.
• Invest in process skills: Most companies are structured by functions, not processes. To improve processes, leaders must emphasize an end-to-end process mindset - not functions. Business process owner roles, hardly ever found in an organization, must exist and be influential.
• Task mining, in tandem with process mining, enables companies to gain additional insight into how their processes actually work. This provides the full picture of process weak points and employee pain points from the applications they’re using along a process. Process mining and task-mining combined can provide a full picture.
• The true value of process mining comes with cross-system discovery: Processes covered by a single system (such as ERP, SCM or CRM) tend to benefit less from process mining than those that span a multitude of systems. Process mining initiatives should focus on the multi-system use cases for high return from their process mining investments.

Celonis is the process mining market leader and pioneer of the execution management category. Its Execution Management System (EMS) is built across three pillars - data, intelligence, and action - to provide a 360-degree view of all business processes within an organization. Celonis’ EMS analyzes and identifies processes bottlenecks, automates fixes to them and makes actionable suggestions to put data to work for its customers.

Read more about the underlying issues and potential solutions in former ZDNet editor-in-chief Larry Dignan’s post here and our animated infographic here.

Methodology

Celonis commissioned Forrester Consulting to evaluate the current state of process improvement and data execution within organizations. Forrester completed an online survey of 818 process owning and business execution decision-makers at organizations around the world to evaluate the state of process improvement and data execution within organizations. Survey participants included decision-makers in director positions and above within technology, data strategy, or oversight roles. Questions provided to the participants asked about process visibility, execution, and improvement. The study was carried out in September/October of 2021.

About Celonis

Celonis helps organizations to execute on their data. Powered by its market-leading process mining core, the Celonis Execution Management System provides a set of applications, a developer studio and platform capabilities for business executives and users to eliminate billions in corporate inefficiencies, provide better customer experience and reduce carbon emissions. Celonis has thousands of global customers and is headquartered in Munich, Germany and New York City, USA with 16 offices worldwide.

© 2021 Celonis SE. All rights reserved. Celonis and the Celonis “droplet” logo are trademarks or registered trademarks of Celonis SE in Germany and other jurisdictions. All other product and company names are trademarks or registered trademarks of their respective owners.

Joanne Blum
Director of North America Communications
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Battery Storage, Smart Grid, and Energy Efficiency received $19.5 billion in corporate funding

AUSTIN, Texas--(BUSINESS WIRE)--#batterystorage--Mercom Capital Group, llc, a global clean energy research and communications firm, released its report on funding and mergers and acquisitions (M&A) activity in 2021 for the battery storage, smart grid, and energy efficiency sectors.

Total corporate funding (including venture capital funding, public market, and debt financing) for the battery storage, smart grid, and energy efficiency sectors in 2021 was up by 140%, with $19.5 billion compared to $8.1 billion in 2020.

Get the report: https://mercomcapital.com/product/2021-q4-annual-funding-ma-report-storage-grid-efficiency

CHART: Battery Storage, Smart Grid, and Energy Efficiency Corporate Funding 2020-2021

Global VC funding (venture capital, private equity, and corporate venture capital) for battery storage, smart grid, and energy efficiency companies in 2021 was 290% higher with $10.1 billion compared to $2.6 billion raised in 2020.

"VC investments into battery storage companies exploded in 2021, and for the first time, funding activity reflected the significance of battery energy storage in the energy transition. We expect funding activity to remain robust as substantially more investments are needed to get battery technologies off the ground and into commercial stages at scale," said Raj Prabhu, CEO of Mercom Capital Group.

CHART: Battery Storage, Smart Grid, and Efficiency Top VC Funded Companies in 2021

Battery Storage
Total corporate funding in the battery storage sector was up 159%, with $17 billion in 101 deals in 2021. Funding raised in 2021 was the highest since 2014, and the deal count nearly doubled compared to 2020.

VC funding for battery storage companies totaled $8.8 billion in 81 deals, compared to $1.6 billion raised in 32 deals in 2020, a 470% increase.

CHART: Battery Storage VC Funding 2020-2021

The top VC-funded companies in 2021 were Northvolt with $2.8 billion, SVOLT with $2.6 billion in two deals, Sila Nanotechnologies with $590 million, ProLogium Technology with $326 million, Nexamp with and Form Energy with $240 million each, and Ambri with $144 million.

260 VC investors participated in battery storage deals in 2021.

In 2021, announced debt and public market financing for battery storage companies increased significantly with $8.2 billion in 20 deals.

Four battery storage companies went public in 2021. There were 24 M&A transactions in the battery storage category in 2021.

Thirty-seven battery storage project M&A transactions were announced in 2021.

Smart Grid
Smart grid companies raised $1.2 billion in VC funding in 35 deals in 2021 Total corporate funding, including debt and public market financing, came to $2 billion in 38 deals..

CHART: Smart Grid VC Funding 2020-2021

In 2021, there were 19 M&A transactions recorded in the smart grid sector.

Efficiency
VC funding for energy efficiency companies came to $122 million in seven deals in 2021 Total corporate funding, including debt and public market financing, reached $465 million in 2021.

M&A activity for efficiency companies in 2021 decreased with three transactions. In 2020, there were four M&A transactions.

CHART: Battery Storage, Smart Grid, and Efficiency Top M&A Transactions in 2021

About Mercom Capital Group

Mercom Capital Group is a global communications and consulting firm focused on clean energy. Mercom produces funding and market intelligence reports covering Solar and Battery Storage, Smart Grid, Efficiency. Mercom advises cleantech companies on new market entry, custom market intelligence and overall strategic decision-making. https://www.mercomcapital.com

Follow Mercom Capital on Twitter, Facebook, and LinkedIn.

Wendy Prabhu
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WESTLAKE, Ohio--(BUSINESS WIRE)--TravelCenters of America Inc. (Nasdaq: TA) today announced that it will issue a press release containing its fourth quarter 2021 financial results after the Nasdaq closes on Tuesday, February 22, 2022. On Wednesday, February 23, 2022 at 10:00 a.m. Eastern Time, Chief Executive Officer Jonathan Pertchik, President Barry Richards and Chief Financial Officer and Treasurer Peter Crage will host a conference call to discuss these results.

The conference call telephone number is (877) 329-4614. Participants calling from outside the United States and Canada should dial (412) 317-5437. No pass code is necessary to access the call from either number. Participants should dial in about 15 minutes prior to the scheduled start of the call. A replay of the conference call will be available through Wednesday, March 2, 2022. To hear the replay, dial (412) 317-0088. The replay pass code is 8379762.

A live audio webcast of the conference call will also be available in a listen-only mode on the company's website, which is located at www.ta-petro.com. Participants who want to access the webcast should visit the company's website about five minutes before the call. The archived webcast will be available for replay on the company's website after the call.

About TravelCenters of America Inc.:

TravelCenters of America Inc. (Nasdaq: TA) is the nation's largest publicly traded full-service travel center network. Founded in 1972 and headquartered in Westlake, Ohio, its more than 18,000 team members serve guests in over 275 locations in 44 states and Canada, principally under the TA®, Petro Stopping Centers® and TA Express® brands. Offerings include diesel and gasoline fuel, truck maintenance and repair, full-service and quick-service restaurants, travel stores, car and truck parking and other services dedicated to providing great experiences for its guests. TA is committed to sustainability, with its specialized business unit, eTA, focused on sustainable energy options for professional drivers and motorists, while leveraging alternative energy to support its own operations. TA operates over 600 full-service and quick-service restaurants and nine proprietary brands, including Iron Skillet® and Country Pride®. For more information, visit www.ta-petro.com.

Kristin Brown, Director, Investor Relations
(617) 796-8251

WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR), today hosted its 69^th Annual Shareowners Meeting. Due to the ongoing COVID-19 pandemic, the meeting was held virtually. By an overwhelming majority, shareowners re-elected Gregory E. Aliff, Robert B. Evans and Thomas C. O’Connor to the board of directors for three-year terms that will expire in 2025.

“We have an exceptional board of directors whose expertise continues to serve our customers, company and shareowners well,” said Steve Westhoven, president and CEO of New Jersey Resources. “With the strong leadership of our board and dedication of our team, NJR is well positioned to reward the confidence our shareowners have placed in New Jersey Resources, execute our strategy for long-term growth and lead the way to a clean energy future.”

Following the meeting, Dr. M. William Howard, Jr. retired from NJR’s board. Dr. Howard joined the board in 2005, and served as a member of the Financial Policy, Executive, Leadership Development and Compensation and Nominating/Corporate Governance Committees over his 16 years as a director.

“A man of intelligence, integrity and faith, we are grateful for Dr. Howard’s wise counsel and many contributions to our board,” Mr. Westhoven said. “He served New Jersey Resources with distinction – never losing sight of the impact our work has on others – and helped make us a better, stronger company.”

In other business, shareowners approved a non-binding advisory resolution on the compensation of NJR’s named executive officers and ratified the appointment of Deloitte & Touche LLP as its independent registered public accounting firm for the fiscal year ending September 30, 2022.

About New Jersey Resources

New Jersey Resources (NYSE: NJR) is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. NJR is composed of five primary businesses:

• New Jersey Natural Gas, NJR’s principal subsidiary, operates and maintains over 7,600 miles of natural gas transportation and distribution infrastructure to serve over half a million customers in New Jersey’s Monmouth, Ocean, Morris, Middlesex and Burlington counties.
• NJR Clean Energy Ventures invests in, owns and operates solar projects with a capacity of more than 365 megawatts, providing residential and commercial customers with low-carbon solutions.
• NJR Energy Services manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions to its customers across North America.
• Storage & Transportation serves customers from local distributors and producers to electric generators and wholesale marketers through its ownership of Leaf River Energy Center and the Adelphia Gateway Pipeline Project, as well as our 50 percent equity ownership in the Steckman Ridge natural gas storage facility.
• NJR Home Services provides service contracts as well as heating, central air conditioning, water heaters, standby generators, solar and other indoor and outdoor comfort products to residential homes throughout New Jersey.

NJR and its more than 1,200 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve^® and initiatives such as The SAVEGREEN Project^® and The Sunlight Advantage^®. For more information about NJR:
www.njresources.com.
Follow us on Twitter @NJNaturalGas.
“Like” us on facebook.com/NewJerseyNaturalGas.

Media:
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Investors:
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Fourth Quarter 2021 Highlights:

• Net income was $165.1 million. Net cash provided by operating activities was $223.5 million.
• Net income attributable to Hess Midstream LP was $16.9 million, or $0.51 per Class A share, after deduction for noncontrolling interests.
• Adjusted EBITDA¹ was $246.6 million, Distributable Cash Flow¹ was $215.0 million and Adjusted Free Cash Flow¹ was $162.8 million.

2022 Guidance Highlights:

• 2022 net income of $630—$660 million, Adjusted EBITDA of $970—$1,000 million and Distributable Cash Flow of $840—$870 million.
• 2022 capital expenditures expected to be approximately $235 million, focused on expansion of gas compression capacity and gathering system well connects to meet Hess Corporation’s accelerated pace of development in the Bakken.
• Hess Midstream LP expects to generate Adjusted Free Cash Flow of approximately $615—645 million in 2022, more than sufficient to fully fund targeted distributions. In addition, Hess Midstream LP expects leverage to be approximately 2.6x Adjusted EBITDA on a full-year basis, which is expected to provide capital allocation flexibility in 2022.
• Completed annual tariff rate redetermination process and established minimum volume commitments (“MVCs”) for 2024. MVCs for 2024 reflect expected organic throughput volume growth across all systems relative to 2022 volume guidance. MVCs for 2023 were generally revised higher, providing visibility of expected volume and revenue growth relative to 2022 MVC levels. Hess Midstream LP expects approximately 95% MVC revenue protection in 2022.
• Hess Midstream LP is extending its annual distribution per share growth target of 5% through 2024 with expected annual distribution coverage greater than 1.4x.
• Hess Midstream LP is extending its previously announced expectation of continued growth in Adjusted EBITDA through 2024 and continued Adjusted Free Cash Flow generation sufficient to fully fund growing distributions and provide capital allocation flexibility.

⁽¹⁾ Adjusted EBITDA, Distributable Cash Flow and Adjusted Free Cash Flow are non‑GAAP measures. Definitions and reconciliations of these non‑GAAP measures to GAAP reporting measures appear in the following pages of this release.

HOUSTON--(BUSINESS WIRE)--$HESM--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) today reported fourth quarter 2021 net income of $165.1 million compared with net income of $132.3 million for the fourth quarter of 2020. After deduction for noncontrolling interests, net income attributable to Hess Midstream was $16.9 million, or $0.51 per Class A share. Hess Midstream generated Adjusted EBITDA of $246.6 million. Distributable Cash Flow (“DCF”) for the fourth quarter of 2021 was $215.0 million and Adjusted Free Cash Flow was $162.8 million.

“In 2021, we continued to make significant progress on enhancing our gas capture capability through the execution of the Tioga Gas Plant turnaround, tie-in of the 150 MMcf/d plant expansion, and build-out of our gas gathering and compression capacity. These projects drive sustained and visible throughput growth, which is reflected in the guidance we issued earlier this week," said John Gatling, President and Chief Operating Officer of Hess Midstream. "As we enter 2022, we remain focused on delivering safe and reliable operating performance, project execution, and strong financial results, which provide the potential for continued growth and additional return of capital to our shareholders.”

Hess Midstream’s results contained in this release are consolidated to include the noncontrolling interests in Hess Midstream Operations LP owned by affiliates of Hess Corporation (“Hess”) and Global Infrastructure Partners (“GIP” and together with Hess, the "Sponsors"). We refer to certain results as “attributable to Hess Midstream LP,” which exclude the noncontrolling interests in Hess Midstream Operations LP owned by the Sponsors.

Financial Results

Revenues and other income in the fourth quarter of 2021 were $316.3 million compared with $266.5 million in the prior-year quarter. Fourth quarter 2021 revenues included $21.3 million of pass-through electricity, produced water trucking and disposal costs, rail transportation and certain other fees and $23.3 million of shortfall fee payments related to MVCs compared with $22.0 million and $6.8 million, respectively, in the prior-year quarter. Fourth quarter 2021 revenues and other income were up $49.8 million compared to the prior-year quarter primarily due to higher MVC levels and tariff rates. Total costs and expenses in the fourth quarter of 2021 were $116.4 million, up from $111.8 million in the prior-year quarter. The increase was primarily attributable to the depreciation expense for additional assets placed in service.

Net income for the fourth quarter of 2021 was $165.1 million, or $0.51 per Class A share, after deduction for noncontrolling interests. Substantially all of income tax expense was attributed to earnings of Class A shares reflective of our organizational structure. Net cash provided by operating activities for the fourth quarter of 2021 was $223.5 million.

Adjusted EBITDA for the fourth quarter of 2021 was $246.6 million. Relative to distributions, DCF for the fourth quarter of 2021 of $215.0 million resulted in an approximately 1.6x distribution coverage ratio. Adjusted Free Cash Flow for the fourth quarter of 2021 was $162.8 million.

At 2021 year-end, debt was approximately $2.6 billion, 2021 full year net income was approximately $617.8 million and full year Adjusted EBITDA was approximately $908.5 million, representing leverage of approximately 2.9x.

Operational Highlights

Throughput volumes increased 4% for gas gathering and gas processing in the fourth quarter of 2021 compared with the fourth quarter of 2020 driven by higher gas capture. Throughput volumes decreased 18% for crude oil gathering, 14% for crude oil terminaling and 11% for water gathering in the fourth quarter of 2021 compared with the fourth quarter of 2020 due to reduced drilling activity. The impact of the reduction in physical volumes in the fourth quarter of 2021 compared to the fourth quarter of 2020 was offset by MVC shortfall fee payments and higher tariff rates.

Capital Expenditures

Capital expenditures for the fourth quarter of 2021 totaled $54.4 million, including $52.2 million of expansion capital expenditures and $2.2 million of maintenance capital expenditures, and were primarily attributable to continued expansion of our gas compression capacity. Capital expenditures in the prior-year quarter were $50.8 million, including $50.2 million of expansion capital expenditures and $0.6 million of maintenance capital expenditures, and were primarily attributable to construction and fabrication activities for the Tioga Gas Plant expansion.

Quarterly Cash Distributions

On January 24, 2022, our general partner’s board of directors declared a quarterly cash distribution of $0.5167 per Class A share for the fourth quarter of 2021, an increase of 1.2% over the distribution for the prior quarter consistent with Hess Midstream’s targeted 5% growth in annual distributions per Class A share. The distribution is expected to be paid on February 14, 2022 to shareholders of record as of the close of business on February 3, 2022.

Investor Webcast

Hess Midstream will review fourth quarter financial and operating results and other matters on a webcast today at 12:00 p.m. Eastern Time. The live audio webcast is accessible on the Investor page of our website www.hessmidstream.com. Conference call numbers for participation are 866-395-9624, or 213-660-0871 for international callers. The passcode number is 5556718. A replay of the conference call will be available at the same location following the event.

About Hess Midstream

Hess Midstream LP is a fee‑based, growth-oriented midstream company that 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.

Reconciliation of U.S. GAAP to Non‑GAAP Measures

In addition to our financial information presented in accordance with U.S. generally accepted accounting principles (“GAAP”), management utilizes certain additional non‑GAAP measures to facilitate comparisons of past performance and future periods. “Adjusted EBITDA” presented in this release is defined as reported net income (loss) before net interest expense, income tax expense, depreciation and amortization and our proportional share of depreciation of our equity affiliates, as further adjusted to eliminate the impact of certain items that we do not consider indicative of our ongoing operating performance, such as transaction costs, other income and other non‑cash, non‑recurring items, if applicable. “Distributable Cash Flow” or “DCF” is defined as Adjusted EBITDA less net interest, excluding amortization of deferred financing costs, cash paid for federal and state income taxes and maintenance capital expenditures. DCF does not reflect changes in working capital balances. We define “Adjusted Free Cash Flow” as DCF less expansion capital expenditures and ongoing contributions to equity investments. We believe that investors’ understanding of our performance is enhanced by disclosing these measures as they may assist in assessing our operating performance as compared to other publicly traded companies in the midstream energy industry, without regard to historical cost basis or, in the case of Adjusted EBITDA, financing methods, and assessing the ability of our assets to generate sufficient cash flow to make distributions to our shareholders. These measures are not, and should not be viewed as, a substitute for GAAP net income or cash flow from operating activities and should not be considered in isolation. Reconciliations of Adjusted EBITDA, DCF and Adjusted Free Cash Flow to reported net income (GAAP) and net cash provided by operating activities (GAAP), are provided below. Hess Midstream is unable to project net cash provided by operating activities with a reasonable degree of accuracy because this metric includes the impact of changes in operating assets and liabilities related to the timing of cash receipts and disbursements that may not relate to the period in which the operating activities occur. Therefore, Hess Midstream is unable to provide projected net cash provided by operating activities, or the related reconciliation of projected Adjusted Free Cash Flow to projected net cash provided by operating activities without unreasonable effort.

Cautionary Note Regarding Forward-looking Information

This press release contains “forward-looking statements” within the meaning of U.S. federal securities laws. Words such as “anticipate,” “estimate,” “expect,” “forecast,” “guidance,” “could,” “may,” “should,” “would,” “believe,” “intend,” “project,” “plan,” “predict,” “will,” “target” and similar expressions identify forward-looking statements, which are not historical in nature. Our forward-looking statements may include, without limitation: our future financial and operational results; our business strategy; our industry; our expected revenues; our future profitability; our maintenance or expansion projects; our projected budget and capital expenditures and the impact of such expenditures on our performance; and future economic and market conditions in the oil and gas industry.

Forward-looking statements are based on our current understanding, assessments, estimates and projections of relevant factors and reasonable assumptions about the future. Forward-looking statements are subject to certain known and unknown risks and uncertainties that could cause actual results to differ materially from our historical experience and our current projections or expectations of future results expressed or implied by these forward-looking statements. The following important factors could cause actual results to differ materially from those in our forward-looking statements: the direct and indirect effects of the COVID-19 global pandemic and other public health developments on our business and those of our business partners, suppliers and customers, including Hess; the ability of Hess and other parties to satisfy their obligations to us, including Hess’ ability to meet its drilling and development plans on a timely basis or at all, its ability to deliver its nominated volumes to us, and the operation of joint ventures that we may not control; our ability to generate sufficient cash flow to pay current and expected levels of distributions; reductions in the volumes of crude oil, natural gas, natural gas liquids (“NGLs”) and produced water we gather, process, terminal or store; the actual volumes we gather, process, terminal or store for Hess in excess of our MVCs and relative to Hess' nominations; fluctuations in the prices and demand for crude oil, natural gas and NGLs, including as a result of the COVID-19 global pandemic; changes in global economic conditions and the effects of a global economic downturn on our business and the business of our suppliers, customers, business partners and lenders; our ability to comply with government regulations or make capital expenditures required to maintain compliance, including our ability to obtain or maintain permits necessary for capital projects in a timely manner, if at all, or the revocation or modification of existing permits; our ability to successfully identify, evaluate and timely execute our capital projects, investment opportunities and growth strategies, whether through organic growth or acquisitions; costs or liabilities associated with federal, state and local laws, regulations and governmental actions applicable to our business, including legislation and regulatory initiatives relating to environmental protection and safety, such as spills, releases, pipeline integrity and measures to limit greenhouse gas emissions; our ability to comply with the terms of our credit facility, indebtedness and other financing arrangements, which, if accelerated, we may not be able to repay; reduced demand for our midstream services, including the impact of weather or the availability of the competing third-party midstream gathering, processing and transportation operations; potential disruption or interruption of our business due to catastrophic events, such as accidents, severe weather events, labor disputes, information technology failures, constraints or disruptions and cyber-attacks; any limitations on our ability to access debt or capital markets on terms that we deem acceptable, including as a result of weakness in the oil and gas industry or negative outcomes within commodity and financial markets; liability resulting from litigation; and other factors described in Item 1A—Risk Factors in our Annual Report on Form 10-K and any additional risks described in our other filings with the Securities and Exchange Commission.

As and when made, we believe that our forward-looking statements are reasonable. However, given these risks and uncertainties, caution should be taken not to place undue reliance on any such forward-looking statements since such statements speak only as of the date when made and there can be no assurance that such forward-looking statements will occur and actual results may differ materially from those contained in any forward-looking statement we make. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events or otherwise.

For Hess Midstream LP

Investors:
Jennifer Gordon
(212) 536-8244

Media:
Robert Young
(713) 496-6076

DUBLIN--(BUSINESS WIRE)--The "Greenhouse Market: Global Market Size, Forecast, Insights, and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.

The global greenhouse market is expected to grow at a CAGR of around 9.3% during 2021-2027.

This report on global greenhouse market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global greenhouse market by categorizing the market based on various segments including detailed regional segmentation.

This report provides an in-depth analysis of overall market and its segments. The historic numbers and forecasts are provided for each of the segments and for the countries covered in the report. This report also includes a detailed impact of COVID-19 pandemic on the global greenhouse market. It also includes descriptive market drivers, opportunities, on-going & future trends, and challenges.

Also, detailed profiles of companies operating in the global greenhouse market are provided in this report, which includes company description, business overview, product portfolio, and financial details.

• Argus Control Systems
• Agra Tech Inc
• Certhon
• Heliospectra AB
• Hort Americas
• Keder Greenhouse
• Logiqs
• Lumigrow
• Richel Group SA
• Rough Brothers Inc.
• Nexus corporation
• Top Greenhouses

Historical & Forecast Period

• Base Year: 2020
• Historical Period: 2016-2020
• Forecast Period: 2021-2027

Key Topics Covered:

1. Preface

1.1 Objective

1.2 Target Audience & Key Offerings

1.3 Report's Scope

1.4 Research Methodology

1.4.1 Phase I

1.4.2 Phase II

1.4.3 Phase III

1.5 Assumptions

2. Key Insights

3. Global Greenhouse Market

3.1. Introduction

3.2. Market Drivers

3.3. Market Challenges

4. Global Greenhouse Market Analysis

4.1. Market Portraiture

4.2. Market Size

4.3. Market Forecast

4.4. Impact of COVID-19

5. Global Greenhouse Market by Type

5.1. Introduction

5.2. Free-standing Greenhouses

5.3. Gutter-connected Greenhouses

6. Global Greenhouse Market by Material Used

6.1 Introduction

6.2 Plastic

6.2.1 Polyethylene

6.2.2 Polycarbonate

6.2.3 Polymethyl Methacrylate (PMMA)

6.3 Glass

6.3.1 Horticulture Glass

6.3.2 Others

7. Global Greenhouse Market by Technology

7.1 Introduction

7.2 Heating System

7.3 Cooling System

7.4 Others

8. Global Greenhouse Market by Crop Type

8.1 Introduction

8.2 Fruits and Vegetables

8.3 Flowers and Ornamentals

8.4 Nursery Crops

8.5 Others

9. Global Greenhouse Market by Region

9.1 Introduction

9.2 Europe

9.2.1 Germany

9.2.2 United Kingdom

9.2.3 France

9.2.4 Italy

9.2.5 Spain

9.2.6 Russia

9.2.7 Netherlands

9.2.8 Rest of the Europe

9.3 North America

9.3.1 United States

9.3.2 Canada

9.4 Asia Pacific

9.4.1 China

9.4.2 Japan

9.4.3 India

9.4.4 South Korea

9.4.5 Australia

9.4.6 Indonesia

9.4.7 Rest of the Asia Pacific

9.5 Latin America

9.5.1 Mexico

9.5.2 Brazil

9.5.3 Argentina

9.5.4 Rest of Latin America

9.6 Middle East & Africa

9.6.1 Saudi Arabia

9.6.2 Turkey

9.6.3 Iran

9.6.4 United Arab Emirates

9.6.5 Rest of Middle East & Africa

10. SWOT Analysis

11. Porter's Five Forces

12. Market Value Chain Analysis

13. Competitive Landscape

13.1. Competitive Scenario

13.2. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/os2rc1.

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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Benchmark Advances CDP’s Efforts To Advance Management and Disclosure of Financially-Relevant Climate and Environmental Issues by Global Organizations

CINCINNATI--(BUSINESS WIRE)--As part of its continuous efforts to use data and analytics to limit emissions, Benchmark Digital Partners (Benchmark), a leading provider of cloud-based Environmental, Social and Governance (ESG) enterprise software solutions, today announced it has been named a CDP Gold Software Partner for the United States and has joined CDP’s global network of Accredited Solutions Providers (ASP). Benchmark earned this esteemed designation in recognition of its efforts to equip organizations with the resources, insight and expertise needed to achieve and sustain improvements in their ESG performance. CDP (formerly the Carbon Disclosure Project) is the global non-profit behind the world’s leading voluntary environmental data disclosure system.

“A truly sustainable enterprise is achieved through a number of processes. Key among these is the collection, usage and disclosure of accurate, timely, complete, relevant and verifiable data that delineates the organization’s performance against key sustainability indicators,” said Benchmark CEO and Founder R. Mukund. “This is the foundational premise for our enduring commitment to innovating, customizing and delivering a suite of ESG program management and reporting solutions that enterprise end-users can use to realize their sustainability ambitions. And we’re honored to have CDP’s accreditation, which we trust will advance Benchmark’s own mission of helping organizations be more responsible, transparent and accountable contributors to society.”

CDP’s environmental disclosure system is used by more than 13,000 companies and 1,100 cities, states and regions globally, and is backed by investors representing USD $110 trillion in AUM. CDP uses the information that organizations self-report through CDP’s disclosure system to assign highly-coveted “scores” of the progress reporting entities are making towards environmental stewardship on an annual basis. To help reporting entities navigate this process, CDP accredits environmental service providers whose products and services can not only help organizations improve the quality of their disclosures, but can also help organizations to identify and address the shortcomings in their management of climate and environmental issues so that they may advance their journey towards environmental stewardship.

“As a CDP Accredited Solutions Provider, Benchmark Digital Partners will bring highly valued expertise to the growing number of organizations reporting their climate and environmental data through the CDP disclosure system, a process that will help disclosing parties to better understand and manage their climate-related ESG risks and, ultimately, reduce their adverse impacts on our natural systems,” said Paul Robins, Head of Corporate Partnerships, CDP. “Benchmark is making a name for itself in the ESG program management services industry. And we are pleased to now count them among our global network of Accredited Solutions Providers where we’re confident that their capabilities will prove useful to the institutions that report to CDP.”

Benchmark is a rapidly expanding company, having achieved tremendous global growth in FY2021 as business executives and investment funds around the world continue to prioritize transparent, measurable and responsible corporate citizenship and sustainability. After witnessing the changing expectations for the private sector over the course of 2020, in October 2021 Benchmark launched Benchmark ESG Director^TM, a platform designed to help enterprise end-users take control of their sustainability narrative and put in place processes needed to continuously monitor, manage and report their performance against financially-relevant ESG issues. Briefly, ESG Director enables users to:

• Assess materiality of more than 300 industry-standard KPIs and assign ownership of key metrics
• Coordinate ESG inputs across distinct enterprise functions, teams and business systems
• Streamline reporting to multiple ESG frameworks, including CDP
• Satisfy the regular and ad hoc investor and stakeholder requests for ESG performance disclosures with investment-grade ESG data

“Beyond underscoring the demonstrated value of our ESG platform, gaining CDP accreditation is part of an ongoing effort at Benchmark to help organizations address the expectations of their stakeholders through a medium they understand,” explained Donavan Hornsby, Corporate Development & Strategy Officer at Benchmark. “We at Benchmark recognize the urgency of the climate crisis, and the need to take immediate and lasting action to reduce GHG emissions in order to meet the targets of the Paris Agreement. And we welcome the opportunity to help organizations reporting through CDP’s disclosure system to measure and manage their emissions and otherwise start and administer the processes needed to produce investment-grade ESG data. This is the information organizations’ stakeholders demand. And it’s the information that will enable organizations to see where they need to improve, inform their interventions and determine whether their interventions achieve their intent. It’s data that makes or breaks an ESG journey.”

About Benchmark ESG™

Benchmark ESG™ enables companies to implement robust cross-functional Environmental, Social, and Governance (ESG) digital solutions – locally, globally and across diverse operating profiles. Our comprehensive cloud-based software suite features intuitive, best-practice process functionality, flexible configurations and powerful extensions. For over two decades and through Year 2020 under the Gensuite® brand, we’ve helped companies to manage safe & sustainable operations worldwide, with a focus on fast return on investment (ROI), service excellence and continuous innovation. Join over 1,500,000 users that trust Benchmark ESG™ with their software system needs for operational risk and compliance, EHS, sustainability, product stewardship and responsible sourcing.

About CDP

CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions. Founded in 2000 and working with more than 590 investors with over $110 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests. Over 14,000 organizations around the world disclosed data through CDP in 2021, including more than 13,000 companies worth over 64% of global market capitalization, and over 1,100 cities, states and regions. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy. CDP is a founding member of the Science Based Targets initiative, We Mean Business Coalition, The Investor Agenda and the Net Zero Asset Managers initiative. Visit cdp.net or follow us @CDP to find out more.

Media
Jen Weaver
Benchmark Digital Partners
+1 (610) 703-8852
This email address is being protected from spambots. You need JavaScript enabled to view it.

Majority Allocated to World Class Guyana Developments and Bakken Three Rig Program

NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) today announced a 2022 Exploration & Production capital and exploratory budget of $2.6 billion, of which approximately 80% will be allocated to Guyana and the Bakken.

Net production is forecast to average between 330,000 and 340,000 barrels of oil equivalent per day in 2022, excluding Libya. Bakken net production is forecast to average between 165,000 and 170,000 barrels of oil equivalent per day in 2022.

“Our capital program reflects our continued discipline in investing in high return, low cost opportunities within our portfolio,” CEO John Hess said. “The majority of our 2022 budget is allocated to Guyana, which is positioned to be one of the highest margin, lowest carbon intensity oil developments in the world, and to the Bakken, our largest operated asset where we have a robust inventory of high return future drilling locations.”

Chief Operating Officer Greg Hill said: “In the Bakken, we plan to operate a three rig program, which will enable us to generate significant free cash flow, lower our unit cash costs and further optimize our infrastructure. In Guyana, our focus in 2022 will be on advancing our high value oil developments on the Stabroek Block, which have a Brent breakeven oil price of between $25 and $35 per barrel, and continuing our active exploration and appraisal program.”

The $2.6 billion budget is allocated as follows: $1,150 million (44%) for production, $1,000 million (39%) for offshore Guyana developments and $450 million (17%) for exploration and appraisal activities.

Production

• $790 million to fund a three rig program in the Bakken. The company expects to drill approximately 90 gross operated wells and to bring online approximately 85 wells in 2022. Funds are also included for investment in nonoperated wells.
• $270 million for production activities at North Malay Basin (Hess 50% and operator) offshore Peninsular Malaysia and the Malaysia/Thailand Joint Development Area (Hess 50%) in the Gulf of Thailand. Funds are included for drilling and facilities and also for work that was previously deferred due to COVID-19 and low commodity prices.
• $90 million for production activities in the Gulf of Mexico, including drilling one tieback well at the Llano Field (Hess 50%) and seismic acquisition and processing.

Developments

• $25 million associated with the Liza Phase 1 development on the Stabroek Block (Hess 30%), where production optimization work is planned in the first quarter of 2022.
• $190 million for the Liza Phase 2 development with a capacity of approximately 220,000 gross barrels of oil per day, and first production expected in the first quarter of 2022.
• $400 million for the Payara development with a capacity of approximately 220,000 gross barrels of oil per day, and first production expected in 2024.
• $210 million for the Yellowtail development with a capacity of approximately 250,000 gross barrels of oil per day, and first production expected in 2025.
• $175 million primarily for front end engineering and design work for future development phases on the Stabroek Block.

Exploration and Appraisal

• $450 million to drill approximately 12 exploration and appraisal wells on the Stabroek Block in Guyana (Hess 30%), the Huron-1 well in the Green Canyon area of the Gulf of Mexico (Hess 40%) and the Zanderij-1 well on Block 42 in Suriname (Hess 33%). Funds are also included for seismic acquisition and processing in Guyana, Suriname and the deepwater Gulf of Mexico, and for license acquisitions.
  

Note: This budget excludes expenditures associated with the Midstream segment.

Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at http://www.hess.com.

Cautionary Statements

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as “anticipate,” “estimate,” “expect,” “forecast,” “guidance,” “could,” “may,” “should,” “would,” “believe,” “intend,” “project,” “plan,” “predict,” “will,” “target” and similar expressions identify forward-looking statements, which are not historical in nature. Our forward-looking statements may include, without limitation: our future financial and operational results; our business strategy; estimates of our crude oil and natural gas reserves and levels of production; benchmark prices of crude oil, natural gas liquids and natural gas and our associated realized price differentials; our projected budget and capital and exploratory expenditures; expected timing and completion of our development projects; and future economic and market conditions in the oil and gas industry.

Forward-looking statements are based on our current understanding, assessments, estimates and projections of relevant factors and reasonable assumptions about the future. Forward-looking statements are subject to certain known and unknown risks and uncertainties that could cause actual results to differ materially from our historical experience and our current projections or expectations of future results expressed or implied by these forward-looking statements. The following important factors could cause actual results to differ materially from those in our forward-looking statements: fluctuations in market prices of crude oil, natural gas liquids and natural gas and competition in the oil and gas exploration and production industry, including as a result of the global COVID-19 pandemic; reduced demand for our products, including due to the global COVID-19 pandemic or the outbreak of any other public health threat, or due to the impact of competing or alternative energy products and political conditions and events; potential failures or delays in increasing oil and gas reserves, including as a result of unsuccessful exploration activity, drilling risks and unforeseen reservoir conditions, and in achieving expected production levels; changes in tax, property, contract and other laws, regulations and governmental actions applicable to our business, including legislative and regulatory initiatives regarding environmental concerns, such as measures to limit greenhouse gas emissions and flaring as well as fracking bans; disruption or interruption of our operations due to catastrophic events, such as accidents, severe weather, geological events, shortages of skilled labor, cyber-attacks or health measures related to COVID-19; the ability of our contractual counterparties to satisfy their obligations to us, including the operation of joint ventures under which we may not control; unexpected changes in technical requirements for constructing, modifying or operating exploration and production facilities and/or the inability to timely obtain or maintain necessary permits; availability and costs of employees and other personnel, drilling rigs, equipment, supplies and other required services; any limitations on our access to capital or increase in our cost of capital, including as a result of weakness in the oil and gas industry or negative outcomes within commodity and financial markets; liability resulting from litigation, including heightened risks associated with being a general partner of Hess Midstream LP; and other factors described in Item 1A—Risk Factors in our Annual Report on Form 10-K and any additional risks described in our other filings with the Securities and Exchange Commission.

As and when made, we believe that our forward-looking statements are reasonable. However, given these risks and uncertainties, caution should be taken not to place undue reliance on any such forward-looking statements since such statements speak only as of the date when made and there can be no assurance that such forward-looking statements will occur and actual results may differ materially from those contained in any forward-looking statement we make. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events or otherwise.

For Hess Corporation

Investor Contact:
Jay Wilson
(212) 536-8940
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Media Contact:
Lorrie Hecker
(212) 536-8250
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ARMONK, N.Y.--(BUSINESS WIRE)--#CleanEnergy--Brightcore Energy, a leading provider of end-to-end clean energy solutions to the commercial and institutional (“C&I”) market, announced today the appointment of Lauren Hildebrand to the newly created role of Vice President, Client Sustainability.

“Brightcore Energy is extremely excited to have Lauren Hildebrand join our team,” said Mike Richter, President of Brightcore Energy. “She will bring critical knowledge to our strategic clients to enable them to meet building electrification and decarbonization goals.”

In her role as Sustainability Director at Steven Winter Associates, Inc., Lauren focused on sustainable and high performance residential and commercial building design, construction, renovation, and operation. Her expertise includes sustainable design, indoor air quality & energy performance testing, and project certification for both commercial and residential programs. With more than 16 years of experience, Lauren has also had true engagement in contractor training, building materials selection, energy code compliance, and incentive programs.

“I am thrilled to join the Brightcore family at such a transformative time in our push towards building electrification and decarbonization,” Lauren said. “I look forward to helping our clients find the most practical, economic and efficient turnkey solutions in order to succeed in meeting their sustainability goals.”

She has worked with green building certification programs since 2008, overseeing certification and consulting services for over 15,000 homes and multifamily units. Lauren is an accredited LEED AP BD+C, LEED for Homes Green Rater and WELL Performance Testing Agent, and has overseen project certification for residential programs, such as LEED®, ENERGY STAR®, NYSERDA, NJ Clean Energy, and Enterprise Green Communities. Awards presented to her clients include the 2013, 2018, 2019 and 2020 USGBC LEED Project of the Year Awards, 2018 Outstanding Multi-Family Developer, 2017 LEED Power Builder, and more.

She also presents at events and conferences around the Northeast, such as the NYS Green Building Conference, NESEA’s BuildingEnergy Conferences, North American Passive House Conference, and more.

About Brightcore Energy

Brightcore Energy accelerates the deployment of proven energy-efficiency and renewable energy technologies through its innovative Clean-Energy-as-a-Service model that requires no capital investment and provides for immediate operating cost savings, making it affordable and seamless for businesses and institutional buildings to quickly and easily transition their legacy energy platforms to significantly more efficient ones. Brightcore’s end-to-end clean energy solutions include LED lighting conversions, commercial and community solar, high-efficiency renewable heating and cooling (geothermal), electric vehicle (EV) charging and battery storage. Customers include Madison Square Garden, Citi Field, Montefiore Health System, Brookfield Properties, SL Green, LAZ Parking and numerous public and private educational institutions.

For more information, visit the Company at www.brightcoreenergy.com or on LinkedIn.

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

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

The global bio-alcohols market is expected to grow at a CAGR of around 6% during 2021-2026.

Keeping in mind the uncertainties of COVID-19, the analyst is 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.

Bio-alcohols are sustainable organic chemicals with important physiological properties that are produced using biomass. They are volatile, combustible and have low viscosity and toxicity with a high energy density.

Although several bio-alcohols are available in the market, bioethanol is gaining the most traction as a clean, renewable energy source as it is produced through the fermentation of microorganisms and enzymes with sugars, starches or cellulose. At present, bio-alcohols are utilized to manufacture textiles, paints, tarnishes, glues, diluents and perfumes worldwide.

Biomass is a biodegradable, sustainable, economical and renewable resource that offers various environmental benefits. This, in confluence with the growing environmental consciousness, is resulting in the increasing utilization of bio-alcohols in the production of biofuels.

Moreover, due to the rising trend of organic and natural products, several key players are using bio-alcohols in the manufacturing of cosmetics and pharmaceutical products. Apart from this, rapid urbanization, especially in developing economies, inflating crude oil prices, stringent emission regulations imposed by the governments of various countries and escalating energy consumption are some of the other factors propelling the market growth.

Furthermore, rising disposable incomes, and the burgeoning automotive industry, are positively influencing the sales of sports cars, which, in turn, is contributing to the market growth.

Besides this, due to the outbreak of the coronavirus disease (COVID-19), governments of several countries, along with international organizations like the World Health Organization (WHO), are encouraging hand sanitization practices, which has resulted in the surging demand for hand sanitizers. These sanitizers have significant percentages of bioethanol, which is impelling the market growth.

Key Questions Answered in This Report

• How has the global bio-alcohols market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global bio-alcohols market?
• What are the key regional markets?
• What is the breakup of the market based on the product type?
• What is the breakup of the market based on the raw material?
• What is the breakup of the market based on the application?
• 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 bio-alcohols market and who are the key players?
• What is the degree of competition in the industry?

Competitive Landscape

The report has also analysed the competitive landscape of the market with some of the key players being

• BASF SE
• Braskem (Odebrecht S.A.)
• Cargill Incorporated
• E.I. Du Pont De Nemours & Co.
• Fulcrum BioEnergy Inc.
• Genomatica Inc.
• Harvest Power Inc.
• Koninklijke DSM N.V.
• Mascoma LLC (Lallemand Inc.)
• Mitsubishi Chemical Corporation
• PTT Global Chemical Public Company Limited
• Valero Energy Corporation

Key Market Segmentation

Breakup by Product Type

• Bio-Methanol
• Bio-Ethanol
• Bio-Butanol
• Bio-BDO
• Others

Breakup by Raw Material

• Grains
• Sugarcane
• Industrial Beets
• Bio-waste
• Others

Breakup by Application

• Transportation
• Construction
• Medical
• Power Generation
• Others

Breakup by Region

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

For more information about this report visit https://www.researchandmarkets.com/r/ofb7f5

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

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Load Disaggregation Application Gives Utilities and Consumers Better Insight into Energy Usage

LIBERTY LAKE, Wash.--(BUSINESS WIRE)--#DistributedIntelligence--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced that NET2GRID’s customer engagement and customer intelligence solution is now part of Itron’s expanding ecosystem of Distributed Intelligence (DI) applications. NET2GRID offers leading-edge Artificial Intelligence and machine-learning services in energy insights based on disaggregation of energy consumption from smart meter data. The application will help customers understand where their energy is being consumed and give utilities greater insight into individual appliances and EV charging energy consumption.

The installation of NET2GRID’s customer engagement and customer intelligence application is the first step in NET2GRID’s development plans for Itron’s DI ecosystem. NET2GRID will provide accurate residential load disaggregation and demand predictions by analyzing Itron DI smart meter data in near real-time. The application will identify the energy consumption by the individual appliance used, offering greater visibility into how the customer is using energy and recommending ways to potentially save money by adjusting specific appliance usage. Appliances include HVAC, hot water heaters, refrigerators, pool pumps, solar panels, EV equipment and more.

“Living in a fast-paced technology advanced world, utilities must transform quickly to meet the needs of customers,” said Don Reeves, senior vice president, Outcomes at Itron. “Working together with NET2GRID to bring DI applications such as consumer load disaggregation into Itron’s expanding ecosystem allows customers to take their energy consumption management into their own hands. In addition, utilities can engage with their customers regarding their carbon footprint and energy usage. We are excited to collaborate with NET2GRID as we both envision a more sustainable future with EV integration and grid modernization in mind.”

“NET2GRID is excited to join Itron’s vibrant Distributed Intelligence ecosystem. With our customer engagement and customer intelligence application, we are taking a first step to utilize Itron’s DI platform, which will enable us to bring on additional applications in the future,” said Bert Lutje Berenbroek, CEO, NET2GRID. “Once available, the real-time load disaggregation app can deliver billions of predictions every day and provide behind the meter insights on charging EV using solar PV production. Through Itron’s third-party ecosystem and our application development partners, we are accelerating how consumers and utilities can benefit from DI applications and taking advantage of energy insights to optimize grid operations. We’ll be able to offer this capability to utilities and customers at a lower cost and develop applications more rapidly than previously possible.”

Itron’s robust DI platform allows innovators to build open, interoperable, value-driven applications on Itron’s secure platform that evolve with market and consumer demands. The DI development program enables an ecosystem of third-party developers to ensure a greater selection of applications to meet utility needs today and into the future. These applications are available via the Itron Enterprise Application Center, which features an increasingly diverse portfolio of Itron and third-party applications that connect to Itron's industry-leading, IoT-based network. The Itron Enterprise Application Center is the operational backbone for our utility customers to manage applications for customers via a private, secure web portal.

To learn more, media and industry analysts are invited to join an Itron press conference on Feb. 2, 2022, at 8 a.m. PST. Register here.

About NET2GRID
NET2GRID is an AI company which empowers energy retailers to become energy transition leaders by unlocking value from smart meter data. Our mission is to accelerate the energy transition. We provide the most accurate residential energy insights and predictions thanks to our unique know-how in collecting and analyzing smart meter data of all granularities. Our services are used by energy suppliers worldwide. Our clients include E.ON, EDP, EDF, ENI. We have offices in the Netherlands, Greece, USA and Germany.

About Itron
Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.

Itron^® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.

Itron, Inc.
Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
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NET2GRID
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LA JOLLA, Calif.--(BUSINESS WIRE)--#Pharmaceuticals--Tag-n-Trac, a leading provider of advanced technologies for smart IoT tracking, today emerged from stealth and announced it has raised $10M in Series A funding led by Dell Technologies Capital with participation from Merck Global Innovation Fund and Aerosafe Global Inc.

Tag-n-Trac was founded by industry experts with the goal of modernizing the entire logistics lifecycle. The company’s innovative SaaS platform offers complete, real-time visibility into the entire global supply chain ecosystem. The technology combines low-cost "printable" hardware sensors and a sensor-agnostic SaaS platform to help shippers, logistics providers and manufacturers track location, status and condition of goods from manufacturing to shipping to last-mile delivery.

“Today’s supply chain ecosystem is fraught with inefficiencies and manufacturing challenges; organizations are already struggling to navigate these complexities without the added worry whether products are safely transported from the factory to end-users,” said Venu Gutlapalli, CEO, Tag-n-Trac. “Our proprietary smart label platform enables customers with intelligent demand forecasting, real-time alerting and the ability to meet regulatory requirements. With Tag-n-Trac, customers are given optimized visibility into their products throughout the entire logistics and supply chain lifecycle.”

The Tag-n-Trac platform, powered by wireless Bluetooth and cellular smart label technologies, grants a full end-to-end view to help efficiently address production obstacles such as temperature excursions, tamper detection and potential diversions. Serving a variety of market verticals, Tag-n-Trac works with supply chain partners including multi-modal 3PLs, ERP, BI software providers and packaging/labeling manufacturers. Customers gain real-time visibility down to the product level for a more comprehensive view into behaviors, trend insights and potential blind spots.

“Tag-n-Trac is the fabric for redefining supply chain visibility,” said Gregg Adkin, Managing Director, Dell Technologies Capital. “Its comprehensive business intelligence platform digests supply chain data in real-time to empower customers with in-depth analysis that can easily be converted into actionable insights. Given the current supply chain complexities which have been further exacerbated by the global pandemic, Tag-n-Trac is in a unique position to revolutionize the next chapter of supply chain innovation.”

About Tag-n-Trac

Tag-n-Trac provides customers with a full stack IoT solution by integrating multiple modes of hardware, software and data technology to build smarter solutions that solve complex problems. The founding team consists of senior executives with engineering leadership experience in WiFi, Bluetooth, sensors and positioning technologies. For more information visit https://www.tagntrac.com/.

About Dell Technologies Capital

Dell Technologies Capital is the global venture capital investment arm of Dell Technologies. The DTC investment team backs passionate early-stage founders who push the envelope on technology innovation for enterprises. Investing at a pace in excess of $200M per year, the team has backed more than 130 startups with notable investments in companies including Arista Networks, Cylance, Docusign, Graphcore, JFrog, MongoDB, Netskope, Nutanix, Nuvia, Redis, Xometry and Zscaler. Headquartered in Palo Alto, California, DTC also has offices in Boston and Israel. For more information visit https://www.delltechnologiescapital.com/

Venu Gutlapalli
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Designed to provide customers with end-to-end service, Keep Clean Vendors enable a holistic approach to operations looking to maximize returns on investments in lubricant programs.

SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Products Company, a division of Chevron U.S.A. Inc., today announced the launch of the Keep Clean Preferred Vendor Program to provide customers with the tools and services to make the most of their lubricants.

The Chevron Keep Clean Preferred Vendor Program recommends reputable vendors who offer tools to enhance lubricant-reliant operations for small, medium, and large enterprises after products are purchased. From storage and handling, to sampling tools for fluid analysis, Keep Clean Vendors aid organizations with their maintenance and lubrication needs—so these organizations can maximize performance and minimize costly downtime.

Extending Chevron’s customer-centric approach to lubrication, vendors in the Keep Clean Preferred Vendor Program are selected based off Chevron’s stringent requirements for quality suppliers who can provide the resources and knowledge to keep lubricants clean once delivered and in-service.

“As an established industry leader in clean lubricants, Chevron developed the Keep Clean Preferred Vendor Program as part of our commitment to the success of our customers’ reliability maintenance programs from start to finish,” says Rebecca Zwetzig, America’s ISOCLEAN Program Manager. “With the help of vendors who are also dedicated to customer excellence, we have developed a comprehensive solution to help organizations reach their increasingly stringent performance and uptime goals.”

“Lubrication is the lifeblood of machinery and vehicles for operations, and maintaining clean lubricants is of the utmost importance,” says Jason Bendon, Chief Commercial Officer of Des-Case, a Chevron Keep Clean Preferred vendor. “For more than 30 years, Des-Case products have extended the life of industrial lubricants by preventing, detecting, and removing lubricant moisture and contaminants, and we are incredibly proud to partner with Chevron as a resource for their customers.”

A quality lubrication program requires a proactive, holistic approach ranging from how lubricants are purchased, stored, and handled throughout a facility. By starting clean with Chevron ISOCLEAN® Certified Lubricants, monitoring with the LubeWatch® Fluid Analysis Program, and staying clean with the Keep Clean Preferred Vendor Program, organizations can increase uptime and extend component life.

“Fluid sampling is a vital component to any operation, providing managers with the monitoring and knowledge necessary to keep assets up and running longer,” says Bernie Hall, General Manager of Chevron Keep Clean Preferred vendor, Checkfluid. “As Chevron’s ISOCLEAN preferred vendor for fluid sampling products, we at Checkfluid look forward to bringing our more than 20 years of experience to elevate Chevron customers’ lubrication programs to make sampling easier, more reliable, and most cost-effective.”

As the Keep Clean Preferred Vendor Program grows and develops, Chevron plans to expand the program to additional services and service providers.

To learn more about the importance of clean lubricants, visit ChevronLubricants.com/ISOCLEAN, call 1-866-354-4476 to access information and resources, or find your local Chevron representative at ChevronLubricants.com/Marketer.

About Chevron Products Company

Chevron Products Company is a division of an indirect, wholly owned subsidiary of Chevron Corporation (NYSE: CVX) headquartered in San Ramon, CA. A full line of lubrication and coolant products are marketed through this organization. Select brands include Havoline^®, Delo^® and Havoline Xpress Lube^®. Chevron Intellectual Property LLC owns patented technology in advanced lubricants products, new generation base oil technology and coolants.

©2022 Chevron. All rights reserved. All trademarks are property of Chevron Intellectual Property LLC or their respective owners.

Joe Schloner -- This email address is being protected from spambots. You need JavaScript enabled to view it.

Revenues and license fees: €52.8 million versus €40.6 million a year earlier (+30%)

Revenues and license fees for the second half of 2021 of €32.3 million compared to €20.5 million for the first half of 2021

Cash position of €20.4 million as of December 31, 2021 versus €16.3 million in 2020

Excellent outlook thanks to strong growth in the order book from €67.9 million as of December 31, 2020 to €77.1 million** as of December 31, 2021

HÉRICOURT, France--(BUSINESS WIRE)--GAUSSIN (ALGAU - FR0013495298) publishes today its consolidated revenues for the fiscal year 2021 (unaudited).

1. Strong acceleration of GAUSSIN Group's growth

The GAUSSIN Group's 2021 turnover is up sharply (+30%) compared to 2020, which had already seen a doubling of sales compared to 2019. This dynamic reflects the success of GAUSSIN's strategic choices in the development of clean and intelligent mobility for goods and people.

The success in January 2022 of GAUSSIN's participation in the Dakar Rally with the H2 Racing Truck®, the most powerful hydrogen-powered truck in the world, has elevated awareness of the company that should accelerate its growth worldwide. The contacts made during the competition are expected to encourage the deployment of its cutting-edge technology in zero-emission vehicles, whether electric or hydrogen-powered, and the sale of licenses internationally. In 2022, priority will be given to the United States, Canada, the Middle East, Russia and China. While the Group has already sold a dozen licenses since the launch of this strategy in 2019, the goal remains to sign 40 in the next 24 months.

A look back at the main achievements of 2021

• Creation of GAUSSIN North America. At the beginning of January, GAUSSIN announced the creation of its North American subsidiary, which will lead its commercial deployment across the Atlantic (see PR from January 4, 2021). This new strategic entity will accelerate the marketing of GAUSSIN electric and hydrogen vehicles.

• The Asia-Pacific subsidiary, headquartered in Singapore (see PR from January 14, 2021), is in charge of deploying GAUSSIN's electric and hydrogen vehicle ranges throughout the countries in the region.

• Launch of "Zero-emission Yard Automation". At the end of March, the Group presented its new solution of autonomous hydrogen-powered tractors equipped with a robotic arm, intended for major logistics and e-commerce players (see PR from March 23, 2021). This disruptive technology, developed at the request of various customers, will be tested at two major logistics and e-commerce companies in the United States and Europe in mid-2021. View the video of the vehicle.

• Bolloré Ports and the Maersk group order 36 APM® 75T HE. GAUSSIN has received a firm order from CIT Abidjan, a port terminal jointly operated by Bolloré Ports and APM Terminals, a subsidiary of the Maersk group, for 36 APM® 75T HE electric tractors, 24 Powerpacks and 6 36-channel charging stations (see PR from March 22, 2021). This historic order is the largest since the launch of the APM® 75T HE, a 100% electric tractor designed to transport containers in ports. It represents a turnover of €9.9 million.

• GAUSSIN enters the hydrogen road truck market. The Group has presented the world's first "skateboard" for Class 8 tractor or carrier trucks from 18t to 44t, hydrogen or all-electric, a rolling, versatile and modular platform intended for the various players in the market (see PR from April 27, 2021). The solution is aimed at traditional truck manufacturers as well as new entrants, but also at bodybuilders and autonomous navigation software players. More broadly, the skateboard targets all players wishing to have access to a hydrogen and electric platform for clean and intelligent transport. Access the video presentation of the skateboard and the technical presentation.

• ECT, GAUSSIN and BOUYGUES ENERGIES & SERVICES agreement. This cooperation protocol concerns the development of hydrogen mobility solutions in the public works sector. In its first phase, ECT will entrust BOUYGUES ENERGIES SERVICES with the development of a 2 MW renewable hydrogen production and distribution station (see PR from May 20, 2021). At the same time, ECT has entrusted GAUSSIN with the design and implementation studies to equip itself with three types of GAUSSIN hydrogen trucks.

• Partnership with HYNAMICS to conduct 4 "Moonroad" pilot projects. GAUSSIN and HYNAMICS, a subsidiary of EDF, have signed a partnership agreement for the implementation of four pilot projects to demonstrate the efficiency and productivity of GAUSSIN's 100% autonomous and "dual energy" transport solutions, running on hydrogen and electricity (see PR from May 25, 2021). Supported by the French Ministry of Ecological Transition, in charge of Transport, the project will be deployed until 2023.

• Partnership with MICROVAST on new generation batteries. This partnership aims to integrate MICROVAST's new generation of batteries for GAUSSIN's electric skateboard and hydrogen applications (see PR from June 8, 2021). Thanks to its vertical integration capabilities, MICROVAST can provide a wide choice of different chemical cells in its standard battery packs.

• GAUSSIN chooses the NVIDIA platform for its autonomous trucks. GAUSSIN has chosen the NVIDIA DRIVE AGX Xavier™ platform to host its centralized intelligent driving system, designed to transform the truck industry and accelerate the transition to zero-emission freight transportation (see PR from June 17, 2021).

• Creation of 2 assembly lines at the METALLIANCE site in Saint-Vallier. The Group has announced the creation of two assembly lines for ATM® (logistics) and APM® (port) vehicles in Saint-Vallier in the Saône-et-Loire region, on a site adjacent to that of its subsidiary METALLIANCE (see PR from June 24, 2021). They were put into service in the fall.

• PLUG POWER places a first order for ATM-H2 hydrogen tractors. Plug Power placed an order in mid-August (see PR from August 16, 2021) for 20 hydrogen-powered fleet tractors (ATM-H2), which will be deployed at Plug Power's existing customers in North America.

• METALLIANCE order for 16 underground mobile machines in Great Britain. This order for 16 underground mobile machines (see PR from September 1, 2021) is for the Southern section of the High Speed 2 project in Great Britain. Deliveries are scheduled between March 2022 and April 2023.

• License granted to Nexport covering Australia and New Zealand. This exclusive 20-year license is granted to NEXPORT Zero Emission Transport (see PR from September 22, 2021) to assemble and supply zero-emission vehicles locally in Australia and New Zealand.

• Strategic partnership with HRS for the supply of 36 hydrogen stations. This partnership with HRS-Hydrogen-Refueling-Solutions (see PR from September 30, 2021) provides for the supply of 36 HRS hydrogen stations between 2021 and 2026, intended to accompany the deployment of GAUSSIN's turnkey hydrogen mobility solutions, for on- and off-road applications. On the occasion of this operation, HRS has subscribed to an increase in GAUSSIN's capital for an amount of €7M in cash.

• Gaussin wins the Dubai World Challenge autonomous vehicle competition. For the second time in a row, the Group has won the Dubai World Challenge 2021 autonomous vehicle competition. GAUSSIN presented itself in consortium with NEOLIX China. The two companies will share the prize of $1 million offered to the winner (see PR from October 27, 2021).

Post-closing

• Successful participation of GAUSSIN in the Dakar 2022 rally. The H2 Racing Truck®, designed and assembled by the Group, is the first hydrogen-powered truck to take part in the world's biggest rally-raid. Designed to withstand extreme environments, the truck was intended to demonstrate the performance and reliability of the hydrogen-electric motorization developed by GAUSSIN. It is the precursor of the new range of GAUSSIN road trucks, 100% hydrogen and electric, designed by PININFARINA, which will be marketed this year. Its successful performance in the Dakar Rally is an undeniable asset for attracting new partners and customers on the market. GAUSSIN's objective is to win new licensing agreements as part of its participation in the Dakar, where several promising relationships have already been established.

2. Revenues and licensing income of €52.8 million in 2021, up 30,0%

The GAUSSIN Group achieved total revenue €52.8 million in 2021, compared with €40.6 million in 2020, representing growth of approximately 30,0% in 2021.

Consolidated product sales were €41.1 million during the 2021 fiscal year, a very strong increase compared to 2020 (+99.1%). Licensing revenues amounted to €11.7 million.

Revenues from operations increased from €20.5 million in the first half of 2021 to €32.3 million in the second half of 2021, i.e., an increase of 57.9%.

Revenues consisted of:

• The logistics business, which includes clean electric vehicles (ATM and ATM Autonomous ranges, TSBM and TSBM Autonomous, AGV IHD and Special Vehicles (MTO)), generated revenues of €9.9 million in 2021.

The ATM FULL ELEC range (Automotive Trailer Mover), which supports the use of semi-trailers at logistics sites: delivery of 18 ATM in 2021 to equip platforms dedicated to transport and logistics such as MICHELIN, RENAULT, DECATHLON or LEROY-MERLIN.

The MTO (Made To Order) range, the Group's historical activity, delivered to several customers, including DISNEY, BOUYGUES, PRB and STOLL-MANULOC.

• The port activity, which is aimed at operators of major ports throughout the world, with its range of container transport vehicles with drivers (APM 75T) or autonomous (AGV PERFORMANCE, AIV REVOLUTION, APM 75T AUTONOMOUS) and TERMINAL TRAILER (TT), Power Pack Full Elec batteries as well as Docking Stations, generated €3.2 million in sales during the year. The Group delivered APM vehicles to CENTREPORT in New Zealand and POWER-PACKs to QTERMINALS in QATAR.

• The Airport business, which serves airports with vehicles such as the Airport Transporter (AAT) and the Autonomous AAT, the Multi-Directional Transporter (AMDT) and the Aircraft Refueller (ART), generated revenues of €0.6 million.

The ART is a 100% electric vehicle dedicated to aircraft refueling.

• METALLIANCE, which focuses in particular on vehicles used in underground work and special machinery, generated revenue of €27.3 million in 2021.

Licensing revenues:

The Group recorded €11.7 million in licensing revenue in 2021 including a €10 million payment from NEXPORT under the terms of the 20-year license agreement to locally assemble and supply zero-emission vehicles in Australia and New Zealand. The partnership strengthens NEXPORT's capabilities and gives it a unique position to purchase, assemble and supply a range of zero emission vehicles. This includes a portfolio of zero-emission vehicles, airport transporters and refuelers, electric buses, hydrogen generators and a range of other vehicles.

In addition, the Group received €1.7 million related to the license agreement signed with ST ENGINEERING LAND SYSTEMS for the manufacture and marketing of the AGV PERFORMANCE^® FULL ELEC in Singapore.

3. Cash and cash equivalents amounted to €20.4 million as of December 31, 2021, compared with €16.3 million in 2020 (+25.2%)

The Group had cash of €20.4 million as of December 31, 2021 (including €7.7 million for METALLIANCE) compared with €16.3 million in 2020.

The balance of the license sold to NEXPORT will be paid over the years 2022 and 2023, and the balance of the ARAMCO sponsoring contract for the 2022 Dakar was paid after the first bivouac was set up in January 2022.

4. The increase in the order book to €77.1 million (+13.6%) indicates a very promising outlook for fiscal year 2022**

GAUSSIN Group's order book, including METALLIANCE and excluding royalties on future sales, amounted to €77.1 million (excluding options) as of December 31, 2021, compared to €67.9 million as of December 31, 2020 (+13.6%).

The backlog as of December 31, 2021, includes:

• 132 ATM for leading players in the logistics and retail sectors with the distributor BLYYD;
• 36 APM for the company CIT ABIDJAN;
• 26 ATM for the US market for PLUGPOWER (20) and ROBOTIC RESEARCH (6);
• 4 APM for port operators;
• 1 new refueller, 100% electric refuelling truck;
• 6 AMDT for QAS QATAR AIRWAYS;
• Self-propelled vehicles and industrial trailers;
• The order book of METALLIANCE for €25.0 million (excluding quasi-firm orders and subscriptions) in the field of underground and in the manufacturing of special machines;
• Sponsorship with ARAMCO for the DAKAR 2022 edition. ARAMCO paid 70% of the $5 million (i.e., €3 million) in December 2021 and the balance, which is taken into account in the order book on December 31, is paid in January 2022, i.e., €1.4 million.

**The Group communicates on an order book that is spread over a long period, and there may be either a time lag, which does not affect the order book, or total or partial cancellations linked to the customer's activity, which would then have an impact on the Company's activity, results and financial situation. It should also be noted that, in general, the review of the order book is not part of the auditors' duties.

5. Acceleration of the global deployment strategy

The GAUSSIN Group is implementing a strategy of deploying its technology worldwide based on its Global Licensing program and the development of strategic partnerships with major international players. Its lead in the field of electric and hydrogen technologies has enabled it to emerge as an innovative player in clean and intelligent mobility on a global scale. This recognition has been further reinforced by GAUSSIN's success in running the first hydrogen-powered truck in the Dakar rally-raid in January 2022. This strategy enables GAUSSIN products to be rapidly deployed internationally, both for distribution and maintenance.

The Group has signed a dozen licenses to date and is still aiming to sign 40 within two years.

International license sales

• ST ENGINEERING LAND SYSTEMS (STELS) has purchased a first license to manufacture and market the AGV PERFORMANCE^® FULL ELEC “Ultra Fast Charge” vehicle in Singapore. The 20-year license enabled STELS to win the tender for the first batch of 80 vehicles for the PSA Port Singapore Authority's Tuas Port project.
  
  Following this success, in September 2019, GAUSSIN granted 8 new licenses to STELS, including four exclusive licenses for the territories of Saudi Arabia, Thailand, the United Arab Emirates and South Korea and four non-exclusive licenses for the territories of Indonesia, Qatar, the Philippines and Oman.

• AL ATTIYA MOTORS, a key player in Qatar's economy, signed in 2020 an exclusive 20-year license for GAUSSIN electric vehicles dedicated to seaports, airports, logistics and smart cities. The contract includes not only the initial entry fee of €20 million, for an exclusivity covering the main countries of the Middle East, but also royalties of between 3% and 5% for possible future developments.

• The state-owned QATAR RAILWAYS COMPANY has signed a license for the autonomous vehicle fleet management program FMP (Fleet Management Platform), for applications in the semi-private sector, such as the Smart City Lusail project, the 2022 FIFA World Cup, and transportation between metro stations and stadiums or Doha University.

• NEXPORT, a major player in Oceania, signed in autumn 2021 a €10.0 million exclusive license over 20 years for the assembly and marketing of GAUSSIN electric vehicles dedicated to seaports, airports, logistics and smart cities.

Strategic partnership with ARAMCO, a world leader in energy and chemicals

GAUSSIN signed a partnership agreement in December 2021 with ARAMCO, one of the world leaders in integrated energy and chemistry, in the field of hydrogen vehicles. The agreement provides for the construction of a hydrogen vehicle manufacturing plant in the Kingdom of Saudi Arabia. The two companies have also agreed that ARAMCO's new Advanced Innovation Center (LAB7) will be closely involved in the development of GAUSSIN's hydrogen vehicles and in the development of a remotely controlled/autonomous hydrogen racing truck. LAB7 aims to integrate ARAMCO's composite materials into GAUSSIN's existing product range to reduce the weight, energy consumption and cost of these vehicles.

Within the framework of this partnership, ARAMCO sponsored GAUSSIN's H2 Racing Truck®, which took part in the 2022 Dakar Rally as an experimental new energy vehicle.

Within the framework of this agreement, ARAMCO has a purchase option to subscribe up to 20% of GAUSSIN shares.

Upcoming events

HyET Hydrogen Summit – Riyadh, Saudi Arabia: February 27^th

2021 financial results: April 26^th

About GAUSSIN

GAUSSIN is an engineering company that designs, assembles and sells innovative products and services in the transport and logistics field. Its know-how encompasses cargo and passenger transport, autonomous technologies allowing for self-driving solutions such as Automotive Guided Vehicles, and the integration all types of batteries, electric and hydrogen fuel cells in particular. With more than 50,000 vehicles worldwide, GAUSSIN enjoys a strong reputation in four fast-expanding markets: port terminals, airports, logistics and people mobility. The group has developed strategic partnerships with major global players in order to accelerate its commercial penetration: Siemens Postal, Parcel & Airport Logistics in the airport field, Bolloré Ports and ST Engineering in ports and Bluebus for people mobility. GAUSSIN has broadened its business model with the signing of license agreements accelerating the diffusion of its technology throughout the world. The acquisition of METALLIANCE confirms the emergence of an international group present in all segments of intelligent and clean vehicles.

In October 2021, GAUSSIN won the Dubai World Challenge for Self-Driving Transport.

In January 2022, GAUSSIN successfully completed the 2022 Dakar Rally with its H2 Racing Truck, the first hydrogen-powered vehicle to enter the race and generate zero CO2 emissions.

GAUSSIN has been listed on Euronext Growth in Paris since 2010.

More information on www.gaussin.com.

For more information on GAUSSIN, go to www.gaussin.com

* This document may contain forward-looking information. Such forward-looking information refers to future prospects, developments and strategies of Gaussin and is based on an analysis of expected future results and estimates of amounts that are not yet determinable to date. Forward-looking information naturally contains elements of risk and uncertainty relative to events and therefore dependent on circumstances which may or may not occur in the future. Gaussin draws your attention to the fact that forward-looking information provides no guarantee concerning its future performance or financial situation, financial results or trends in the sector in which Gaussin operates, and which may significantly differ from those proposed or suggested in the forward-looking statements contained in this presentation. Furthermore, even though the financial position of Gaussin, its performance and trends in the sector in which Gaussin operates comply with the forward-looking information contained in this presentation, such performance or trends may not be a reliable indication of the company’s future performance or prospects. Gaussin is not committed to updating or confirming analysts' expectations or estimates or to publicly correcting any information or event in order to reflect an event or circumstance eventually occurring following this presentation.

GAUSSIN
Christophe Gaussin, This email address is being protected from spambots. You need JavaScript enabled to view it.
+33(0)3.84.46.13.45

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Rooney Partners - USA
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HOUSTON--(BUSINESS WIRE)--Encino Environmental Services, LLC (“Encino” or “the Company”) today announced a growth equity investment from EnCap Investments L.P. (“EnCap”). Encino is an environmental monitoring, measurement, and technical services and products company that provides an enterprise-class data fabric and vertically integrated sensor arrays to identify and evaluate greenhouse gas (“GHG”) emissions. EnCap’s investment was made in partnership with Encino’s primary sponsor, BP Energy Partners, LLC (“BPEP”).

Encino provides a full spectrum of environmental and regulatory compliance solutions within the upstream and midstream energy sectors. Encino also serves marine, power, industrial, mining and other industries seeking to reduce their carbon footprint and reach their ESG goals. The Company’s mobile-emissions-performance testing laboratories allow for rapid deployment to meet emissions testing for mechanical integrity assessments and regulatory requirements. Encino’s engineering and environmental science expertise enables the Company to assess, design and implement an array of strategies to address complex environmental projects.

“We are excited to partner with EnCap to support this endeavor,” Encino Founder and Chief Technology Officer Joe Etheridge said. “EnCap’s management insight, reputation and market position will enhance our operations and market stature. Environmental initiatives will continue to play a key role in the decarbonization of the energy value chain, and we believe EnCap will help us deliver high-resolution technologies and services that support our customer’s goals.”

“Encino is strategically positioned to pioneer comprehensive ESG initiatives to address both market demand and pending government-mandated GHG programs,” EnCap Partner Kyle Kafka added. “Encino responds to both challenges as well as opportunities to benchmark GHG performance. Improving and maintaining best-in-class environmental performance is a key focus for EnCap portfolio companies and we strongly believe that the technologies and expertise Encino offers to the industry will be critical as we continue our focus in providing sustainable, low-cost energy to the world.”

“We are delighted to have EnCap as a partner in Encino,” said BPEP Managing Partner Alex Szewczyk. “We look forward to working with the EnCap team to advance this mission by continuing to scale Encino and deliver best-in-class environmental services.”

About Encino Environmental Services, LLC

Formed in 2010 and based in Houston, Encino Environmental Services, LLC is an emissions performance testing and monitoring firm that specializes in combustion analysis, leak detection and repair, continuous emissions monitoring systems, and advanced environmental data platforms for the measurement and minimization of emissions to support regulatory compliance and Environmental, Social, and Governance (“ESG”) strategies and objectives. The Company has several satellite offices in Texas, New Mexico and Louisiana and a northern U.S. operations headquarters in Casper, Wyoming. Additional information can be found at www.encinoenviron.com.

About EnCap Investments L.P.

Since 1988, EnCap Investments has been the leading provider of growth capital to the independent sector of the U.S. energy industry. The firm has raised 22 institutional funds totaling approximately $38 billion and currently manages capital on behalf of more than 350 U.S. and international investors. For more information, please visit www.encapinvestments.com.

About BP Energy Partners, LLC

BP Energy Partners, LLC (BPEP), is a Dallas, Texas-based growth-oriented investment firm. Since inception, BPEP has made control-investments in companies that provide practical solutions focused on decarbonization and environmental sustainability. BPEP is actively investing in new opportunities that accelerate energy transition and decarbonization efforts within the energy sector and other hard-to-decarbonize sectors including utilities, manufacturing, chemicals, metals & mining, materials, agriculture, transportation, and recycling. BPEP currently manages over $560 million in committed capital and is actively investing in new opportunities. More information can be found at www.bpenergypartners.com.

For Encino Environmental Partners, LLC
Joe Etheridge, Founder and Chief Technology Officer
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For EnCap Investments L.P.
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TEN|10 Group
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2022 Annual Meeting of Shareholders Changed to Virtual Webcast

EAST AURORA, N.Y.--(BUSINESS WIRE)--Moog Inc. (NYSE: MOG.A and MOG.B) announced today that its 2022 Annual Meeting of Shareholders (“2022 Annual Meeting”) has been changed to a virtual webcast due to the ongoing public health impact of COVID-19, and to support the health and well-being of our shareholders and other meeting participants. The 2022 Annual Meeting will still be held at 10:00 a.m. ET on Tuesday, February 8, 2022, but as a live virtual webcast only. As described in the Company’s proxy materials previously distributed for the 2022 Annual Meeting, shareholders at the close of business on the record date of December 10, 2021 are entitled to attend and participate in the 2022 Annual Meeting.

To attend, participate in, and/or vote during the virtual meeting, registered Class A shareholders may go to register.proxypush.com/moga and enter the control number found on the upper right-hand corner of their proxy card. Registered Class B shareholders may go to register.proxypush.com/mogb and enter the control number found on the upper right-hand corner of their proxy card. Beneficial shareholders should use the Class A or Class B registration link and enter the Class A or Class B meeting attendance number obtained from their bank, broker, or other nominee in advance of the meeting.

For additional information regarding how shareholders may attend, participate in, and/or vote at the virtual 2022 Annual Meeting, please refer to the Company’s additional proxy soliciting material filed with the Securities and Exchange Commission with a date of January 25, 2022.

About Moog Inc.

Moog Inc. is a worldwide designer, manufacturer, and integrator of precision control components and systems. Moog’s high-performance systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, automated industrial machinery, and marine and medical equipment. Additional information about the Company can be found at www.moog.com.

Ann Marie Luhr
716-687-4225

• Verified Carbon Offset Credits Fight Climate Change at No Cost to Clients
• Clients Can Opt in at a Higher Level, Offsetting All Emissions That Cause Climate Change
• FXAIR’s Program Is Managed by 4AIR, Only Rating System Focused on Private Aviation Sustainability

NEW YORK--(BUSINESS WIRE)--FXAIR, the innovative premium on-demand charter provider, offset 40,000 metric tons of carbon dioxide (CO2) in 2021 on behalf of its clients through the use of carbon offset credits. Under the program operated by 4AIR, FXAIR purchases carbon offset credits that finance projects which negate the impact on the climate of the CO2 emissions created by FXAIR charter flights at no cost to clients. FXAIR clients also can voluntarily participate in additional programs that offset not just CO2 but also other climate-change pollutants.

“Our premium charter clients understand the challenges posed by climate change and want to do their part in supporting environmental sustainability,” said FXAIR President Gregg Slow. “The 4AIR program gives us a simple, efficient way to offset the emissions produced by jet aircraft and, at the same time, generate real societal benefits. We have been gratified by the enthusiastic response from our clients.”

During 2021, FXAIR offset all CO2 emissions on all flights chartered on behalf of its clients; unlike other North American charter providers, it did so at no cost to clients. With the guidance of sustainability experts, the offsets paid for by FXAIR supported projects that had an immediate and direct impact on climate improvement, including deforestation prevention, clean wind-generated electricity in the upper Midwest United States and wind turbine and other renewable energy projects.

The 4AIR rating framework is aligned with industrywide carbon reduction goals and is fully consistent with international standards. The framework offers various levels, each with specific, science-based goals, independently verified results and progressively greater impacts on sustainability. 4AIR manages the offsets, standards, verification, validation and retirement of carbon credits through the most respected and international leading bodies that issue and register credits.

FXAIR is committed to the 4AIR Bronze level, under which its charter flight operations are carbon-neutral by offsetting all of their CO2 emissions with verified carbon offset credits. In addition, some FXAIR clients voluntarily increased their participation in 4AIR programs to offset all emissions that affect the climate, including non-carbon emissions such as soot, water vapor and contrails.

“Unique among North American charter providers, we went all in on automatically offsetting every flight we arrange at no additional cost to our clients,” added Slow. “In this case we are protecting not only our clients as ESG (Environmental, Social, and Governance) standards are increasingly scrutinized, but most importantly, are undertaking meaningful action to curb private jet travel’s impact on climate change. We see this as another example of the refinement premium charter by FXAIR provides over other charter offerings.”

About FXAIR

FXAIR is the only charter provider offering on-demand charter access to premium light cabin, mid cabin, super mid cabin, large cabin and ultra-long range aircraft including the Challenger 300 and Global Express. FXAIR’s Aviator Program offers clients preferred access to these aircraft, even on peak travel days, along with a host of other benefits. The FXAIR network of aircraft comes from providers who meet the most stringent safety standards in the private aviation industry, standards that often exceed the FAA’s regulations. FXAIR upholds a 4Air Bronze Sustainable Rating. FXAIR is headquartered in New York, New York, and is a member of the Directional Aviation family of companies. For more details on aircraft and programs, visit www.fxair.com and follow @FlyFXAIR on Twitter and Instagram.

Nicholas Parmelee
The Hubbell Group, Inc.
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HOUSTON--(BUSINESS WIRE)--Cheniere Energy, Inc. (“Cheniere”) (NYSE American: LNG) today announced that its Board of Directors has declared a quarterly cash dividend of $0.33 per common share payable on February 28, 2022 to shareholders of record as of the close of business on February 7, 2022.

About Cheniere

Cheniere Energy, Inc. is the leading producer and exporter of liquefied natural gas (LNG) in the United States, reliably providing a clean, secure, and affordable solution to the growing global need for natural gas. Cheniere is a full-service LNG provider, with capabilities that include gas procurement and transportation, liquefaction, vessel chartering, and LNG delivery. Cheniere has one of the largest liquefaction platforms in the world, consisting of the Sabine Pass and Corpus Christi liquefaction facilities on the U.S. Gulf Coast, with expected total production capacity of approximately 45 million tonnes per annum of LNG operating or in commissioning. Cheniere is also pursuing liquefaction expansion opportunities and other projects along the LNG value chain. Cheniere is headquartered in Houston, Texas, and has additional offices in London, Singapore, Beijing, Tokyo, and Washington, D.C.

For additional information, please refer to the Cheniere website at www.cheniere.com and Quarterly Report on Form 10-Q for the quarter ended September 30, 2021, filed with the Securities and Exchange Commission.

Forward-Looking Statements

This press release contains certain statements that may include “forward-looking statements” within the meanings of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical or present facts or conditions, included herein are “forward-looking statements.” Included among “forward-looking statements” are, among other things, (i) statements regarding Cheniere’s financial and operational guidance, business strategy, plans and objectives, including the development, construction and operation of liquefaction facilities, (ii) statements regarding regulatory authorization and approval expectations, (iii) statements expressing beliefs and expectations regarding the development of Cheniere’s LNG terminal and pipeline businesses, including liquefaction facilities, (iv) statements regarding the business operations and prospects of third parties, (v) statements regarding potential financing arrangements, (vi) statements regarding future discussions and entry into contracts, (vii) statements relating to Cheniere’s capital deployment, including intent, ability, extent, and timing of capital expenditures, debt repayment, dividends, and share repurchases, and (viii) statements regarding the COVID-19 pandemic and its impact on our business and operating results. Although Cheniere believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere’s periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere does not assume a duty to update these forward-looking statements.

Cheniere Energy, Inc.

Investors
Randy Bhatia 713-375-5479
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