Companies to evaluate Universal Hydrogen’s modular hydrogen fuel logistics solution for the zero-emissions derivative of the Dornier 328
LOS ANGELES--(BUSINESS WIRE)--#aerospace--Universal Hydrogen, the company fueling carbon-free flight, and Deutsche Aircraft, the new purpose-driven German aircraft Original Equipment Manufacturer (OEM), today announced a technical collaboration to advance the decarbonization of aviation, a global imperative in the fight against climate change. Together, the two companies will complete a design study to incorporate Universal Hydrogen’s modular capsule technology into the Dornier 328 program.
“We see hydrogen as the only realistic approach for aviation to meet the goals of the Paris Agreement,” said Paul Eremenko, co-founder and CEO of Universal Hydrogen. “We are tackling the biggest obstacle to near-term hydrogen adoption: its delivery and distribution to airports and aircraft globally without costly infrastructure. This partnership with Deutsche Aircraft will accelerate our shared goal to put aviation on a trajectory toward true zero carbon emissions.”
The joint effort will analyze the size and integration of the modular capsule technology for hydrogen storage into the aircraft structure and systems (including loading and unloading considerations); aircraft weight and balance; hydrogen cost (infrastructure and fuel); mission performance; and the hydrogen logistics network design. In addition, both Universal Hydrogen and Deutsche Aircraft will work closely with regional and federal German government and European Union entities regarding the development, production, and implementation of the study and project.
“Deutsche Aircraft is committed to enter the new era of climate-neutral aviation. Partnering with companies that share our passion for climate-friendly design like Universal Hydrogen allow us to accelerate our vision for decarbonization,” said Martin Nüsseler, chief technology officer for Deutsche Aircraft. “We are excited to leverage Universal Hydrogen’s technical expertise to assess the safe and affordable use of hydrogen onboard our aircraft as part of our journey to zero emissions.”
About Universal Hydrogen
Universal Hydrogen is making hydrogen-powered commercial flight a near-term reality. The company takes a flexible, scalable, and capital-light approach to hydrogen logistics by transporting it in modular capsules over the existing freight network from green production sites to airports around the world. To accelerate market adoption, Universal Hydrogen is also developing a conversion kit to retrofit existing regional airplanes with a hydrogen-electric powertrain compatible with its modular capsule technology.
About Deutsche Aircraft
Founded on the proud heritage of Dornier and upholding Germany's reputation for engineering design, quality and innovation, Deutsche Aircraft is the new purpose-driven German Original Equipment Manufacturer (OEM). As Dornier 328 type certificate holder, Deutsche Aircraft enables development of the D328® aircraft platform toward an efficient, economic and environmentally friendly aircraft, driving the future of aviation toward climate-neutral flight. With the government of Germany as partner, Deutsche Aircraft is leading the way in a new era of a cleaner, safer and more efficient aviation.
Kate Gundry
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617-797-5174
SEATTLE--(BUSINESS WIRE)--#industrialtelemedicine--Remote Medical International (RMI), announced the launch of two new services RMI Access™ Telemedicine and Case Management, to address health and safety challenges found in demanding industrial environments. These services provide direct anytime, anywhere access to licensed medical providers trained in industrial injury management in all 50 states.
With RMI Access Telemedicine, employees have 24/7/365 access to licensed medical providers and care at work or away from the job site. For companies with multiple locations, this service assures safety teams that all employees receive a consistent quality of care. Uniquely, RMI Access providers are trained in industrial injury management who understand the special medical and care challenges facing remote workers. The Telemedicine service features a web application that gives patients access via chat or video.
In addition to comprehensive worker care, RMI Access Case Management helps employers improve outcomes with effective planning, fast response, ongoing injury management, and detailed reporting. RMI Access medical providers are trained in evidence-based conservative treatment, ensuring optimal outcomes for patients and employers. This service gives patients the option to connect to the service via telephone, which is especially important in remote areas where internet service may be unavailable.
The Case Management service saves valuable time by pre-identifying clinical resources, so employees receive the proper care and advice at every worksite. Equally important, the program tracks and manages clinical visits, appointments, and ongoing treatment for injured employees from the time of the trauma or illness until they return to work or their case transitions to the workers’ compensation team. Complementing this service, RMI InSights provides real-time reports, alerts, and analytics like patient interactions, the types of injuries, and the sites where they occur - within HIPPA guidelines - from a customizable customer accessible, web-based dashboard. The dashboard keeps safety teams informed with the data needed to improve their health and safety programs continuously.
For more information on RMI Access, visit https://www.remotemedical.com/services/assistance-services/telemedicine/ or call +1 (206) 686-4878.
Media:
Bonnie Quintanilla
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877-887-7611
Reviews Project Scope and Commitment to Safety, Sustainability and Environmental Stewardship
BELMONT, N.C.--(BUSINESS WIRE)--Piedmont Lithium Inc. (Nasdaq: PLL, ASX: PLL), a pre-production business targeting the integrated production of battery quality lithium hydroxide to support a US and global electric vehicle supply chain, completed its initial public presentation to the community and Board of Commissioners of Gaston County, North Carolina on July 20, 2021. The presentation addressed how the Carolina Lithium Project could position Gaston County to be a significant part of the new U.S. electric vehicle supply chain, the bipartisan support for the development of critical minerals in the United States, and Piedmont’s commitment to protect the environment and community.
“We were honored to present at last night’s meeting, and we welcomed the opportunity to provide an update on our company, our values and our proposed project to the Gaston County commissioners and our community. We confirmed last night that we would submit our North Carolina state mining permit application in August 2021 as planned, and we look forward to addressing all of the questions that arise during the permitting and rezoning process. We are committed to building the safest, most sustainable, and environmentally responsible project of this kind in the world,” said Keith Phillips, Piedmont Lithium President and CEO.
Piedmont also addressed misunderstandings in recent media reports regarding Piedmont’s development timeline, permit applications, and commitment to the environment. “Although we received important federal permits for our project in 2019, Piedmont’s upcoming state mining permit and county rezoning applications could only advance once our definitive plans were established. Our project has evolved significantly over the past four years – we have selected more efficient and environmentally friendly technology, and fully-integrated our business plan into a single campus in Gaston County, North Carolina. These project improvements have resulted in adjustments to our plans and, with the results of our recent studies and improved lithium markets, we’re excited to move forward with the state and local approval processes,” added Phillips.
About Piedmont Lithium
Piedmont is developing a world-class integrated lithium business in the United States, enabling the transition to a net zero world and the creation of a clean energy economy in America. Our location in the renowned Carolina Tin Spodumene Belt of North Carolina, positions us to be one of the world’s lowest cost producers of lithium hydroxide and the most strategically located to serve the fast-growing U.S. electric vehicle supply chain. The unique geographic proximity of our resources, production operations and prospective customers, places Piedmont on the path to be the most sustainable producer of lithium hydroxide in the world and allow Piedmont to play a pivotal role in supporting America’s move to the electrification of transportation and energy storage. Additional information is available at www.piedmontlithium.com.
Brian Risinger, 1-704-910-9688
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TORONTO--(BUSINESS WIRE)--Chemtrade Logistics Income Fund (TSX: CHE.UN) today announced that it has declared a cash distribution of $0.05 per unit for the month of July 2021 payable on August 26, 2021 to unitholders of record at the close of business on July 30, 2021.
Holders of units who are non-residents of Canada will be required to pay all withholding taxes payable in respect of any distributions of income by the Fund.
Rohit Bhardwaj
Chief Financial Officer
Tel: (416) 496-4177
Ryan Paull
Business Development Manager
Tel: (973) 515-1831
DUBLIN--(BUSINESS WIRE)--The "Turbine Air Filtration Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The global turbine air filtration market is expected to grow at a CAGR of 3.27%, accounting from USD 1.92 billion in 2020 to USD 2.29 billion in 2026.
The market was severely impacted due to the COVID-19 since the prime consumers of the market, such as the oil & gas industry and power generation industry, also witnessed a decline in the market activities.
Factors such as the adoption of natural gas-fired power plants, due to increasing focus on clean power generation, are expected to experience robust growth in the coming years, and this, in turn, is expected to drive the turbine air filtration market due to its vast application in the power sector. However, The rising adoption of renewable energy, such as solar and wind energy, is likely to hinder the market growth during the study period.
The power generation segment is expected to be the largest segment for the turbine air filter market, with gas turbine power generation has evolved to be one of the most viable and environmentally-friendly methods of power production.
The governments of China, India, and other developing economies have been preferring low-polluting gas-based power stations. This, in turn, is expected to create opportunities for the regional turbine air filtration systems market in the near future.
North America is expected to register the highest growth rate for the turbine air filtration systems market, with the majority of the demand coming from the countries such as the United States and Canada.
Key Market Trends Power Generation Segment to Dominate the Market
Asia-Pacific to Dominate the Market
Competitive Landscape
The turbine air filtration market is moderately fragmented. Some of the key players are Graver Technologies LLC, Camfil AB, MANN+ HUMMEL GmbH, Donaldson Company Inc., and Nordic Air Filtration A/S.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2026
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Application
5.1.1 Power Generation
5.1.2 Oil and Gas
5.1.3 Others
5.2 Face Velocity
5.2.1 Low Velocity
5.2.2 Medium Velocity
5.2.3 High Velocity
5.3 Geography
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Daikin Industries Ltd
6.3.2 Camfil AB
6.3.3 Graver Technologies LLC
6.3.4 Parker Hannifin Corporation
6.3.5 Donaldson Company Inc.
6.3.6 Advanced Filtration Concepts
6.3.7 Koch Filter Corporation
6.3.8 MANN+ HUMMEL GmbH
6.3.9 Nordic Air Filtration A/S
6.3.10 Freudenberg Filtration Technologies SE & Co. KG
6.3.11 W. L. Gore & Associates Inc.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/o4hto6
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Private equity investment positions the company to become a threat intelligence leader, maximize customer return, and fuel organic and inorganic growth.
NEW YORK--(BUSINESS WIRE)--#ITsecurity--Flashpoint, a global leader in actionable threat intelligence, announced today that Audax Private Equity (“Audax”) has made a majority growth investment in the company. This investment will help further enhance the quality, depth, and breadth of the company’s offering as Flashpoint looks to make intelligence accessible to even more teams and use cases. The company will utilize the investment to accelerate its innovative product roadmap and provide deeper and more personalized support to its customers and partners, making Flashpoint an industry leader for comprehensive and actionable intelligence.
“We are extremely excited to have Audax as our partner to fuel this next stage of growth for Flashpoint,” said Josh Lefkowitz, CEO of Flashpoint. “With Audax’ track record of supporting companies as they innovate and deepen capabilities, we’re confident that Flashpoint will continue to be a leading source of comprehensive and actionable intelligence for diverse teams across organizations. Today, Flashpoint has one of the best collections of intelligence and risk data in the industry, an exceptional platform on which to deliver that data, a stellar and growing global customer base, and an incredible team and culture. We believe our partnership with Audax will help us build on this foundation by helping to deliver more features and functionality to our customers and by acquiring new businesses to expand our product offerings and market footprint.”
In the near-term, the company plans to focus this investment on accelerating key product initiatives and market innovations such as Flashpoint Flow, the company’s intelligence-specific automation platform, and the addition of new data sets that are critical to cyber threat intelligence, fraud, and physical security teams. In addition, this transaction will help accelerate future growth through acquisitions, expanding Flashpoint’s offerings and market footprint, and solidifying the company’s place as a market leader.
“The Audax team has spent substantial time and effort studying the threat intelligence market opportunity and it’s clear that Flashpoint’s differentiated data and actionability has made it a market leader,” said Tim Mack, Managing Director at Audax. “We see Flashpoint as an anchor investment to build a large intelligence offering, and we plan for our investment to help accelerate their journey as they continue to bring actionable intelligence to new teams and markets.”
Prior to this transaction, Flashpoint was backed by Georgian Partners, Greycroft Partners, TechOperators, K2 Integrity, Jump Capital, Leaders Fund, Bloomberg Beta, and Cisco Investments. As a signal of their enthusiasm for the go-forward business, many of these investors have rolled over a portion of their proceeds into the next chapter of Flashpoint’s growth.
Terms of the deal were not disclosed. AGC Partners served as the financial advisor to Flashpoint in the transaction and Lowenstein Sandler LLP served as legal advisor.
About Flashpoint
Flashpoint is a globally trusted leader in actionable threat intelligence for organizations that demand the fast, comprehensive coverage of threatening activity on the internet. From bolstering cyber and physical security to detecting fraud and insider threats, Flashpoint partners with customers across private and public sectors to help them rapidly identify threats and mitigate their most critical security risks. For more information, visit https://www.flashpoint-intel.com/ and follow us on Twitter at @FlashpointIntel.
Media Contact
Kari Walker, RedIron PR for Flashpoint
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Financing Allows Phononic to Continue to Meet Explosive Market Opportunity for Sustainable Solutions in Cooling and Refrigeration
DURHAM, N.C. & NEW YORK--(BUSINESS WIRE)--#ESG--To support the global demand for Sustainable innovations that address climate change, Phononic, a global leader in solid-state cooling and heating technology, today announced that it has secured a significant growth investment led by $50 million from the Sustainable Investing business within Goldman Sachs Asset Management (Goldman Sachs). This investment allows Phononic to dramatically expand sales and marketing, domestic and international high-volume manufacturing capabilities, and expand its cooling and refrigeration product portfolio and platform.
Goldman Sachs joins previous investors Temasek, Franklin Templeton, Venrock, Oak Investment Partners, and others.
The world faces a climate warming catastrophe only exacerbated by a voracious appetite for cooling, refrigeration, and air conditioning. If left unchecked, by 2045 leaked refrigerants alone will contribute as much to CO2 emissions as automobiles. Furthermore, 3 billion people live in hot climates, yet only 8% have access to air conditioning. As standards of living continue to increase and meet that of the developed world, CO2 emissions will only worsen. Refrigerant regulations are often patchwork, eliminating some GWP refrigerants, but replacing them with toxic or flammable alternatives.
Solid-state cooling and refrigeration solutions that meet performance, cost, and sustainability metrics are key drivers behind Phononic’s explosive growth in Optolelectronics (Fiber Optic Communications/ 5G/LIDAR); Cold Chain Fulfillment (ecommerce ecosystem); and Technology Licensing (vaccine protection, cold chain and retail merchandising, and climate control).
“With millions of high-performance thermoelectric devices already in use around the globe, and tens of thousands of solid-state refrigerators and freezers in the field, Phononic’s technology and products are mission critical to the way we communicate; feed our families; safeguard and transport life-saving vaccines; and even shop for our favorite ice cream snacks,” said Tony Atti, Phononic Co-founder and CEO. “This support from Goldman Sachs is a validation of our team’s continued focus and dedication to making a transformative environmental impact.”
The investment from Goldman Sachs creates an exciting sustainability and growth opportunity for both parties. “We recognize the critical role cooling and refrigeration plays in the planet’s long term sustainability and climate viability, and we’re excited to invest in Phononic to further Goldman Sachs’ broader sustainability commitments,” said Jeff Possick, Managing Director at Goldman Sachs. “Phononic’s solid-state solutions are delivering performance and sustainability not available through legacy thermoelectric or compressor incumbents, and our investment aims to help grow and expand their capabilities to meet anticipated demand.”
About Phononic
Phononic, Inc. is an innovator of semiconductor cooling solutions that sustainably transform refrigeration and cooling. The Company's thermoelectric chips and fully integrated products are used in Optolelectronics (Fiber Optic Communications/5G/LIDAR); Cold Chain Fulfillment (ecommerce ecosystem); and Technology Licensing (licensed to leaders in the life sciences & healthcare, food & beverage and climate control sectors). Phononic’s innovations are revolutionizing the way people work and communicate, how grocers merchandize and deliver food, how life-saving vaccines and drugs are protected, and how houses and buildings are cooled – setting a new global standard of efficiency and sustainability.
For additional Company and product information visit: www.phononic.com.
About Goldman Sachs Asset Management
Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance. As the primary investing area within Goldman Sachs (NYSE: GS), we deliver investment and advisory services for the world’s leading institutions, financial advisors and individuals, drawing from our deeply connected global network and tailored expert insights, across every region and market—overseeing more than $2 trillion in assets under supervision worldwide as of June 30, 2021. Driven by a passion for our clients’ performance, we seek to build long-term relationships based on conviction, sustainable outcomes, and shared success over time. Follow us on LinkedIn.
Copyright © 2021 Phononic. All rights reserved. Website phononic.com. Twitter @phononic_inc. LinkedIn Phononic Inc.
Media Contact:
Theresa Pantazopoulos, VP, Marketing & Corporate Communications
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Company receives Golden Bridge Business & Innovation Award and 2021 Network Sustainability Award; Co-Founder Thomas Chung named to SVBJ 40 under 40 list
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Verdigris, a global leader in real-time responsive energy intelligence, today announced the company has received multiple industry awards for excellence in innovation and sustainability.
The company is the winner of a 2021 Golden Bridge Business and Innovation Award in the Energy Management category for helping solve the global problem of energy waste. Verdigris received the Gold honor after undergoing a vigorous review process by a panel of judges and was selected from hundreds of nominated companies from around the world.
Verdigris is also the recipient of a 2021 Network Sustainability Award. The inaugural awards honor tech innovators with solutions for renewable energies and network management. Verdigris secured a third place €10K prize for its AI-controlled energy management platform for intelligent buildings and data centers.
“Excessive energy waste is entirely preventable. Verdigris' solution is helping put an end to this global problem,” said Mark Chung, co-founder & CEO, Verdigris. “To be recognized for our achievements with Golden Bridge and Network Sustainability Awards is a great honor and is a testament to the drive and passion we share collectively as an organization to create a more sustainable world.”
Additionally, Verdigris Co-Founder and Growth Director Thomas Chung has been named to Silicon Valley Business Journal’s “40 Under 40” class of 2021. The annual recognition shines a spotlight on emerging stars under the age of 40 impacting their industries and communities. “40 under 40” recipients are recognized for their professional accomplishments, as well as the strides they make outside of the workplace.
“My success is tied to the passion and dedication I have for the projects I commit to,” said Thomas Chung, co-founder & growth director, Verdigris. “I’m proud to receive a ‘40 Under 40’ award, but even more proud of our daily efforts at Verdigris to make a real difference by tackling the global energy waste problem.”
Verdigris is an AI-powered smart building management platform that optimizes energy consumption for organizations. With Verdigris, customers have reduced their energy spend by 20-50 percent. Some of the world’s most recognized companies including T-Mobile, Verizon, and Nvidia are using Verdigris to improve energy efficiency and building reliability at their most critical facilities.
For more information on Verdigris, visit www.verdigris.co.
About Verdigris
Verdigris Technologies is a leading AI company that empowers the world’s smartest buildings with data, insights and automation. Through artificial intelligence and IoT-enabled sensors, Verdigris learns and distinguishes the equipment components of commercial buildings, providing rich data streams about critical equipment. Powerful analytics constantly scan this data to find hidden inefficiencies, produce actionable reports and empower building managers to optimize facilities management. Among other honors, Verdigris was named one of the top ten Most Innovative Companies in Energy by Fast Company and selected as the Frost and Sullivan Technology Innovation Leader in the North American AI-based Energy Management and Automation Industry. Verdigris is headquartered at the NASA Ames Research Park in Silicon Valley, California with offices in the US and Taiwan. See verdigris.co for recent press and testimonials. For more information, please contact Media Relations at This email address is being protected from spambots. You need JavaScript enabled to view it..
Jennifer Reynolds
LMGPR
408.893.6308
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NEW YORK--(BUSINESS WIRE)--EnfraGen, LLC ("EnfraGen"), a developer, owner, and operator of specialized sustainable, renewable power and grid stability assets in Latin America owned by leading global private markets firm Partners Group, on behalf of its clients, and Glenfarne Group, LLC, announced today a new multi-year partnership with GivePower, a non-profit that works to improve the quality of life of people who need it most through solar energy impact projects. EnfraGen is kicking off this partnership as the lead donor in a matching campaign with a select consortium of organizations active in Latin American business and will be announcing further partners in the coming weeks.
With more than 3.5 billion people around the world living without access to reliable electricity, GivePower’s mission is to electrify the world with clean energy and provide greater health, economic and education opportunities to developing regions. Since its founding in 2014, GivePower has completed over 2,500 projects across 23 countries, changing the lives of more than half a million people.
Over the next few years, EnfraGen, will be funding several essential impact infrastructure projects in Colombia, where EnfraGen subsidiary, Prime Energia, operates. These infrastructure projects include solar microgrids, solar water farms and other projects focused on providing access to clean water and clean energy to some of the most at-risk communities throughout the country. The first project will be a solar microgrid to power a local health post, agro-processing facility and local school for the Kogi, an indigenous group living in the Sierra Nevada de Santa Marta.
“As an active participant in Latin America’s energy transition, we are delighted to connect with GivePower, combining our local and sector expertise as well as our business relationships to help further their mission of providing access to clean energy,” said Brendan Duval, Founder & Managing Partner of Glenfarne Group, LLC and EnfraGen Chief Executive Officer. “GivePower’s history of execution success, their commitment to providing essential services to needy and developing communities, and furthering Colombia’s transition to cleaner energy sources makes them a perfect partner for EnfraGen.”
“We are incredibly grateful for EnfraGen’s generous commitment to supporting our projects in Colombia. By powering communities in need with clean energy, together we have the chance to meaningfully improve the health, economic status and overall wellbeing of those we serve,” said Michele Magee, President of GivePower.
About EnfraGen, LLC
EnfraGen is a developer, owner, and operator of grid stability and value-added renewable energy infrastructure businesses across Latin American investment-grade countries. EnfraGen’s grid stability assets supply flexible capacity and energy to local and regional grids in support of renewable power plant intermittent energy production. EnfraGen’s renewable plants are smaller scale, distributed solar photovoltaic and hydroelectric assets that take advantage of unique access points to electrical infrastructure or are located in optimized geographical locations. The business’ mission is to support the transition to zero-carbon emission electric grids.
EnfraGen is jointly controlled by Glenfarne Group, LLC, and global private markets investment manager Partners Group, on behalf of its clients, and has operational and in-construction assets across its subsidiaries totaling over 1.7GW of installed capacity in operation. The company, including its affiliates and subsidiaries, is supported by a team of approximately 325 professionals. EnfraGen maintains offices and assets in Chile, Panama, Colombia, and the United States.
About Partners Group
Partners Group is a leading global private markets firm. Since 1996, the firm has invested over USD 150 billion in private equity, private real estate, private debt and private infrastructure on behalf of its clients globally. Partners Group seeks to generate strong returns through capitalizing on thematic growth trends and transforming attractive businesses and assets into market leaders. The firm is a committed, responsible investor and aims to create sustainable returns with lasting, positive impact for all its stakeholders. With USD 119 billion in assets under management as of 30 June 2021, Partners Group provides an innovative range of bespoke client solutions to institutional investors, sovereign wealth funds, family offices and private individuals globally. The firm employs more than 1,500 diverse professionals across 20 offices worldwide and has regional headquarters in Baar-Zug, Switzerland; Denver, USA; and Singapore. It has been listed on the SIX Swiss Exchange since 2006 (symbol: PGHN). For more information, please visit www.partnersgroup.com or follow us on LinkedIn or Twitter.
About Glenfarne Group, LLC
Glenfarne is a privately held energy and infrastructure development and management firm based in New York City and Houston, Texas with offices in Dallas, Texas, Panama City, Panama; Santiago, Chile, and Bogota, Colombia. Glenfarne's seasoned executives, asset managers, and operators develop, acquire, manage, and operate energy and infrastructure assets throughout North and South America and Asia. For more information, please visit www.glenfarnegroup.com.
About GivePower
GivePower is a 501(c)(3) non-profit organization committed to extending the environmental and social benefits of clean, renewable energy around the globe. GivePower uses solar and battery storage technologies to deliver essential services to the developing world, including sustainable access to clean water produced by the organization’s award-winning Solar Water Farms. GivePower has helped bring clean power and clean water to underserved communities in more than 20 countries across Africa, Asia, North America, and Latin America. Visit GivePower at www.givepower.org. Follow GivePower on Facebook, Instagram, YouTube and Twitter.
Kris Cole
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(310) 652-1411
Ninth annual Green Region Program focuses on climate resilience in awarding more than $200,000 in funding
CHICAGO--(BUSINESS WIRE)--To support habitats and other open-space projects, particularly those that help mitigate impacts of climate change, ComEd and Openlands today announced grants to 23 public agencies through the annual ComEd Green Region Program. Grantees each receive a one-time grant of up to $10,000 to support and improve natural areas in northern Illinois communities that are crucial to the quality of residents’ lives. These grants will fund a variety of projects, including those that focus on enhancing pollinator habitats and protecting certain species, such as butterflies and bees.
“ComEd understands that it is critical for residents to have access to cleaner and more sustainable public spaces. We also recognize the economic challenges faced by communities to maintain these natural spaces and make them available to the public,” said Melissa Washington, senior vice president of governmental and external affairs at ComEd. “We’re proud to work with organizations like Openlands, which has a deep understanding of these needs, whether they are effective pollinator projects or plans that support climate resilience to benefit the people we’re privileged to serve.”
This marks the ninth year that ComEd is partnering with Openlands. Since the inception of the Green Region Program in 2013, ComEd has awarded more than $1.5 million to municipalities across northern Illinois. This support has helped fund over 200 open-space projects, as well as restore and protect approximately 1,000 acres of land. ComEd provides the funding for the Green Region Program, and Openlands, one of the oldest metropolitan conservation organizations in the nation, administers the grants to local communities.
“Climate change is here, and it is vitally important that we invest in nature-based solutions that will help mitigate the most severe effects. This includes protecting biodiversity, especially of pollinators,” said Jerry Adelmann, president and CEO of Openlands. “We are grateful to ComEd for their partnership, and the municipal partners that will complete these innovative projects, protecting and restoring land and educating and engaging communities.”
Details of the ComEd Green Region Program can be found at Openlands.org/GreenRegion.
The 23 ComEd Green Region Program grant recipients for 2021 are:
Habitat Creation at Funderburg South Conservation Area (Boone County Conservation District): This project will create 20 acres of high-quality wet and mesic grassland within the Funderburg South Conservation Area. The area will be converted from conventional agriculture into high-quality native habitat in the winter of 2021-2022.
Interpretive Arboretum Trail (Bourbonnais Township Park District): This project will create an interpretive trail with an arboretum and bioswale made up of climate resilient trees and flowers that will provide food and habitat for pollinators.
Plant Green Lake Park (Buffalo Grove Park District): This project comprises four native planting projects that will complete redevelopment of Green Lake Park. Collectively, the projects will support pollinators across their life cycle and connect them to nearby waystations and habitats.
Public and Private Pollinator Garden Network (City of Countryside): This project will plan and provide the means to create a network of both small, privately owned and large, publicly owned butterfly and pollinator gardens throughout the Countryside community.
Downtown Freeport Pocket Park (City of Freeport): This project will support the creation of the Downtown Pocket Park by transforming the space of two condemned buildings into a useable amenity that enhances the pedestrian experience while greening the downtown area and providing a new habitat for pollinators. The park will have an ADA-accessible patio with seating, and an open lawn surrounded by flower beds containing pollinator plants.
Riverwood Forest Preserve Prairie Pollinator Conservation Project (DeKalb County Forest Preserve District): This project will convert turf grass fairways of a former golf course into prairie pollinator conservation areas on approximately 10 acres along the south branch of the Kishwaukee River.
Get to Know the Prairie (Dixon Park District): This project will create a prairie observation deck with kiosks to help educate the community on and ultimately create a deeper appreciation for the importance of pollinators and the role of deep-rooted prairie plants.
Klehm Arboretum & Botanic Garden Bioretention Basin (Forest Preserves of Winnebago County): This project will demonstrate climate change resiliency through the installation of a bioretention basin to reduce the impacts of stormwater at the arboretum and botanic garden located in Rockford, Ill.
Windham Cove Pollinator Habitat Restoration Project (McHenry County Division of Transportation (MCDOT)): This project will establish a pollinator habitat on an underutilized 1.7-acre grass parcel that will benefit residents in the immediate area, including students at a nearby high school who can learn about the project through educational site signage.
Lake Park Estates Beautification Project (Palatine Township Road District): This project will improve and maintain greenspace which is a naturally common area for residents. Currently, buckthorn is crowding out pollinator-friendly plants and invasive water species impacting wildlife by suffocating the pond.
Pollinator Enhancement and Stabilization of Walker Park Tributary A to Flagg Creek (Pleasant Dale Park District): This project will improve Walker Park through the creation of a streambank naturalization and pollinator habitat along a highly visible section of Tributary A to Flagg Creek. The project is centrally located in a recreational facility and is accessible to pedestrians and small-motor vehicles.
Pollinator Boardwalk for the Prospect Heights Slough (Prospect Heights Park District): This project will create a 450-foot-long boardwalk to increase educational and recreational access to a beloved wetland during its muddiest of conditions. It will also create a premium pollinator habitat by restoring a wetland and mitigate climate change for its vital inhabitants.
Prairie Grove Community Center Complex (The Village of Prairie Grove): This project contributes to an ongoing green initiative to complete a walking trail accented by native and carbon-reducing trees and shrubs to create a beautiful, tranquil and environmentally positive landmark for residents.
Waukegan Road to North Branch Restoration Project (Village of Bannockburn): This project will help control invasive species growth by establishing native plants and maintaining stormwater infiltration. This project also will help reduce erosion and siltation, enhance air and water quality and improve native habitat.
Prairie Path Lighting & Path Enhancements Project (Village of Berkeley): This project will provide aesthetic upgrades for residents and users of Berkeley Park’s Prairie Path, including the creation of rest areas to enjoy the perennial pollinator gardens, which consist of eight different species of native plants that will help to attract bees, butterflies and birds.
Public Works Rain Garden and Natural Areas (Village of Downers Grove): This project will help convert turf grass at Public Works into rain gardens and natural areas. The goal is to promote long-term, community-based conservation initiatives using native plants and high-visibility educational signage. The living exhibit is also designed to educate and inspire residents to create similar environs in their own yards.
Children’s Garden Expansion and Multi-Use Learning Center (Village of Elwood): This project will expand and enhance the experience for residents and visitors who visit and use the garden’s 1,000 square feet of plantings, 350 feet of walkway, wayfinding signs and multiple learning opportunities.
Pollinator Haven (Village of Grant Park): This project will renovate an existing gazebo, add a fountain, pollinator garden and signage within the pollinator haven.
Flint Creek Corridor Restoration (Village of Lake Barrington): This project will increase native habitat for local fauna while providing a native buffer to filter pollutants and guard against erosion during large storm events. The project will also expand the current restoration work being performed on five acres of floodplain.
Rockland Road Wetland Rehabilitation, Enhancement and Pollinator Habitat Project (Village of Lake Bluff): This project will rehabilitate 10 acres of high-profile hardwood savanna and wetland habitat along an important village corridor by transforming and beautifying a buckthorn thicket into a high-quality habitat for pollinators.
Montgomery Park Shoreline Enhancement and Naturalization Project (Village of Montgomery): This project will improve the shoreline along the Fox River at Montgomery Park by restoring an important natural asset, establishing a high-quality wildlife habitat and stabilizing the riverbank to reduce erosion and filter nutrients from stormwater runoff. These improvements will create a beautiful, naturalized riverfront area for visitors who use the park’s walking trails.
Riverfront Park Council Ring & Pollinator Habitat (Village of Plainfield): This project includes the construction of a council ring and pollinator habitat at Plainfield’s Riverfront Park. The council ring will serve as a place for trail users to rest, relax and commune with nature, as well as a gathering location for participants of pollinator education and other community programs.
Victory Park Pollinator Rain Garden (Waukegan Park District): This project will create an ecologically rich and aesthetically pleasing pollinator rain garden. Its location, adjacent to Vista Medical Center and Lake Michigan, ensures high public visibility and ecological significance. It also nicely complements a Healing Garden that will be used by the medical center.
ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 100 energy company with approximately 10 million electricity and natural gas customers – the largest number of customers in the U.S. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit ComEd.com and connect with the company on Facebook, Twitter, Instagram and YouTube.
Founded in 1963, Openlands is one of the nation’s oldest and most successful metropolitan conservation organizations, having helped secure, protect, and provide public access to more than 55,000 acres of land for parks, forest preserves, wildlife refuges, land and water greenway corridors, and urban gardens. For more information, please visit openlands.org.
ComEd Media Relations
312-394-3500
The business is expanding to meet rapidly growing demand for clean energy and community solar projects across the United States
NEW YORK--(BUSINESS WIRE)--#carbonemissions--Common Energy, one of the country’s leading community solar providers, today announced the hiring of five key members of its leadership and operations teams. The new members are John Paul (JP) Lee, as Chief Operating Officer; Suzanne Wollman, as Senior Controller; Michael Windels, as Lead Project Accountant; Winston Hoy, as Lead Software Engineer; and Sam Adlakha, as Strategy and Operations Manager.
Common Energy recently crossed 250MW of community solar projects under management. Its unique Software as a Service (SaaS) platform enables clean energy developers and owners to monitor key operational and financial metrics in one place, providing unprecedented visibility on each project’s financial performance.
“Common Energy’s goal is to provide world class service for our developer partners,” said Richard Keiser, CEO of Common Energy. “This involves subscribing and activating projects on time, managing utility interactions, and maintaining best-in-class collection rates to so that project owners meet their ROI targets. Each of these talented individuals brings valuable skills to Common Energy to help us achieve this goal.”
JP Lee joined Common Energy as its Chief Operating Officer and is leading the core operations of the business. JP brings over 20 years of operational and client service experience to Common Energy. JP was most recently a Partner and Global Head of Client Operations at Genioo, a life science consulting firm. Prior to Genioo, he served as Senior Vice President and Global Head of Surveys at GLG, a global knowledge platform. At GLG, JP grew the GLG Surveys business from a small, internal startup of 10 people to a global team of 130 and transformed the business into one of the most-profitable divisions at GLG, achieving a Net Promoter Score of 70. Prior to joining GLG, JP spent four years at McKinsey & Company, where he was an Engagement Manager and led teams across the US and Asia on technology-focused client engagements. JP completed two years of military service as Sergeant & Squad Leader with the US-Korean Joint Communications Division of the Combined Forces Command. JP received his MBA at Northwestern University’s Kellogg School of Business.
Suzanne Wollman joined Common Energy as its Senior Controller and will oversee corporate finance and accounting for the business. Susan brings over 25 years of finance and accounting experience to Common Energy. Suzanne was most recently the Vice President of Finance at Innovative Technology Electronics where she oversaw the company’s financials, budgeting and planning, annual audits, and the due diligence process for a private equity transaction. Prior to Innovative Technology Electronics, Suzanne held Controller roles in a wide range of businesses including AVA Pork Products, Albert Kemperle, Aqua America, and Changing World Technologies. Suzanne received a Master of Science in Accounting at Long Island University and is a Certified Public Accountant.
Michael Windels joined Common Energy as a Lead Project Accountant and will lead project accounting and collections for the company’s community solar clients. Michael has over ten years work experience in a range of accounting positions and brings a deep understanding of the community solar industry from his most recent role as Corporate Controller at Green Street Power Partners. Prior to working in community solar, Michael worked for Aircastle for over five years, starting as a Senior Accountant and then being promoted to Accounting Manager. Michael holds a Bachelor of Science degree in Accounting from Fairfield University, and is a Certified Public Accountant.
Winston Hoy joined Common Energy as a Lead Software Engineer and will lead and codify process improvements to enable Common Energy’s business to further scale. Winston has extensive front-end and full-stack software development experience. He has been an engineering lead and manager on development projects for a wide range of companies including AJ Madison and VenueBook. Winston has received numerous awards in recognition of his work, including the DC AIGA 50 for website design.
Sam Adlakha joined Common Energy as its Strategy & Operations Manager and will lead data analytics for the business. Sam was most recently a Senior Fellow at McKinsey & Company, where he served as an internal expert in data analytics and supported client engagements with the most demanding analysis requirements. Prior to McKinsey, Sam was a Residential Marketing Analyst at Champion Energy, where he led data analyses and pricing strategies for all sales channels. Sam holds a Bachelor of Science degree in Mathematics and Actuarial Science from the University of Texas at Austin.
To learn more about Common Energy, visit www.commonenergy.us.
About Common Energy
Common Energy is a leading community solar provider that services over 250MW of projects across the country. Common Energy’s SAAS-based energy management platform enables developers and independent power producers to subscribe and manage their community solar project, providing unprecedented visibility into project ROI. To join a community solar project, enroll at www.commonenergy.us. Companies developing community solar projects are encouraged to email This email address is being protected from spambots. You need JavaScript enabled to view it..
Haley Steinhauser
(562) 991-3170
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HOUSTON--(BUSINESS WIRE)--Geospace Technologies (NASDAQ: GEOS) today announced that it will release third quarter 2021 financial results on Thursday, August 5, 2021 after the market closes. In conjunction with the release, Geospace has scheduled a conference call for Friday, August 6, 2021 at 10:00 a.m. Eastern Time (9:00 a.m. Central).
What: |
Geospace Technologies Third Quarter 2021 Conference Call |
|||
When: |
Friday, August 6, 2021 at 10:00 a.m. Eastern Time (9:00 a.m. Central) |
|||
How: |
Live via phone – U.S. participants can dial toll free (877) 876-9176. International participants can dial (785) 424-1670. Please reference the Geospace Technologies conference ID: GEOSQ321 prior to the start of the conference call. |
For those who cannot listen to the live call, a replay will be available for approximately 60 days and may be accessed through the Investor Relations tab of our website: www.geospace.com.
Geospace principally designs and manufactures seismic instruments and equipment. We market our seismic products to the oil and gas industry to locate, characterize and monitor hydrocarbon producing reservoirs. We also market our seismic products to other industries for vibration monitoring, border and perimeter security and various geotechnical applications. We design and manufacture other products of a non-seismic nature, including water meter products, imaging equipment and offshore cables.
Rick Wheeler
President & CEO
TEL: 713.986.4444
FAX: 713.986.4445
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Pinnacle Midstream II LLC (“Pinnacle” or (“the Company”), an independent energy infrastructure company, today announced the initiation of Phase II development of the Dos Picos System with the construction of a natural gas processing facility – totaling 200 million cubic feet per day (MMcf/d) upon completion – in the Midland Basin. The project is targeted for commercial operation during the second quarter of 2022.
The Dos Picos Plant, located in Midland County, will complement Pinnacle’s existing high pressure, large diameter gathering and compression facilities that commenced operations during the first quarter of 2021. The project will provide access to the most competitive downstream markets, maximize netback and optionality for Pinnacle’s customers, and be equipped with an integrated Nitrogen Rejection Unit (“NRU”). The system will be readily expandable based upon continued customer demand.
Pinnacle remains committed to its environmental stewardship, prioritizing the responsible use and protection of the natural environment surrounding the Company’s assets. A supporting initiative is the Company’s ongoing evaluation to develop a fully integrated solar facility adjacent to the Dos Picos Plant to supplement electrical power needs with renewable energy to reduce the carbon intensity of the system. This low-impact solution should reduce direct greenhouse gas emissions for Pinnacle as well as indirect (Scope 2) emissions for its growing customer base. Furthermore, Pinnacle intends to deploy low-impact energy sources where applicable across its asset portfolio. The Dos Picos project itself will play a pivotal role in continuing to reduce the flare intensities across the Permian Basin and further aid in the reduction of our customers’ overall carbon footprints.
“This is an exciting milestone in the growth of Pinnacle’s infrastructure platform and will enable the Company to extend its natural gas services franchise across one of the most active oil and gas producing regions in North America,” said J. Greg Sargent, Chief Executive Officer at Pinnacle. “Our continued investment in the Dos Picos asset will enable us to better service our customers and help them benefit from an improving commodities environment while continuing to maximize recoveries and limit flaring across the Basin. We expect the Phase II project to support economic development and create jobs in the Midland, Martin and Glasscock counties area.”
Pinnacle’s midstream infrastructure is anchored by long-term acreage dedications with top-tier, investment-grade Permian operators currently continuing full-scale, multi-pad development. The Company’s facilities were designed to support high intensity pad development, which is anticipated to accelerate throughout 2021 and beyond.
“With the increasing development of multi-well pads and higher production rates in the Midland Basin, we want to ensure our current and future customers will continue to receive reliable flow assurance as well as access to the best commercial markets,” said Drew Ward, Chief Commercial Officer at Pinnacle. “This further emphasizes the opportunistic and critical importance of our strategically-located platform.”
About Pinnacle Midstream II, LLC
Pinnacle Midstream II, LLC is an independent midstream energy company headquartered in Houston, Texas. The Company is focused on providing high-quality natural gas services to producer customers throughout the Midland Basin. For more information, please visit www.pinnaclemidstream.com.
About Energy Spectrum Capital
Pinnacle Midstream II is backed by Energy Spectrum Capital, a Dallas, Texas-based venture capital firm that makes direct investments in well managed, lower-middle-market companies that acquire, develop and operate energy infrastructure assets in North America. The senior management team invested alongside Energy Spectrum and remains a significant shareholder of the Company. For more information, please visit www.energyspectrum.com.
Business:
Drew Ward
Chief Commercial Officer
713-751-2352
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Media:
Nick Rust
Prosek Partners
646-818-9252
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HOUSTON--(BUSINESS WIRE)--National Tank Truck Carriers named LSP Transport, LLC (LSPT) the North American Safety Champion of the Sutherland division. NTTC’s annual award recognizes tank truck operations in North America with the best safety programs and records each year and represent the gold standard for safety in the tank truck industry. The NTTC is the only national organization that specifically focuses on the tank truck industry. The North American Safety Contest, which awards the Heil Trophy, recognizes North American tank truck operations which excel in nine different categories.
Joe Maple, LSPT HSE Manager, accepted the Heil Trophy stating: "these awards don't happen without a lot of work behind the scenes. We've got a great company…starting at the top. The most important to our success are our drivers –who buy into our culture, do the best they can to go home the same way they came to work…and take the extra time to do what needs to be done to make sure we do it safely. Without them, there's no way we could make this happen.”
Winners are determined by their safety records, safety and preventive maintenance programs, personnel safety programs and record, and contributions to tank truck industry and general highway safety causes. LSPT secured its trophy with a frequency of 0.344 accidents per million miles in the 5-7 million miles class of the Competitive Safety Contest, and also won a Grand Award in the Personnel Safety Contest.
LSP Transport, LLC (LSPT), established in 2015, is the in-house fleet of LiquidPower Speciality Products Inc. (LSPI)., dedicated to delivering product for LSPI. LSPI is the global leader in the science and application of pipeline drag reduction, specializing in Drag Reducing Agents (DRA) technology to maximize the flow potential of pipelines, improve operational flexibility and throughput capacity. As LSPI’s in-house transportation team, LSPT drivers are responsible for the safe delivery of LSPI’s products to customer sites.
About LSP Transport, LLC. (LSPT)
LSPT has more than 20 years of experience in the chemical transportation industry. The company became a wholly owned subsidiary of LiquidPower Specialty Products Inc. (LSPI) in 2015 and is now a private fleet dedicated to delivering LSPI product. (www.lspt.jobs)
LiquidPower Specialty Products Inc. (LSPI), a Berkshire Hathaway Company, is the global leader in the science and application of drag reduction, with over 40 years of experience. LSPI’s DRA offering is part of a full-service offering that encompasses industry-leading technology, quality manufacturing, technical support and consulting, reliable supply chain, and injection equipment and field service.
About National Tank Truck Carriers (NTTC)
NTTC is a trade association representing over 500 companies that specialize in transporting bulk or related services throughout North America. The tank truck industry generates roughly 5.1% of all truck freight revenue, but that represents 30% of all truck freight in terms of tonnage due to the heavy nature of the liquid bulk products handled. (www.tanktruck.org)
Fernanda Soares
Marketing Communications Manager
281-948-4981 | This email address is being protected from spambots. You need JavaScript enabled to view it.
New initiative with SK ecoplant in South Korea marks Bloom’s first foray into CHP, with recovered heat benefiting a local community center
SAN JOSE, Calif.--(BUSINESS WIRE)--$BE--Bloom Energy (NYSE: BE) today announced its first Combined Heat and Power (CHP) project in collaboration with SK ecoplant (formerly known as SK Engineering and Construction). The new 4.2-megawatt (MW) installation marks South Korea’s first-ever utility-scale solid oxide fuel cell (SOFC) CHP initiative.
CHP technology simultaneously utilizes both the electricity it generates and the excess thermal energy it emits to recover and reuse the heat that would have otherwise been lost during the power generation process. Coupled with a heat recovery system designed by SK ecoplant, the captured thermal energy will provide heat and warm water to the communities nearby Bukpyung Recreational and Sports Center, improving the building’s energy efficiency. The project is also intended to reduce CO2 emissions compared to relying on the local grid alternative.
With construction expected to begin later this year, the new 4.2 MW utility-scale CHP installation will leverage Bloom’s SOFC technology configured in an innovative Power Tower format. Designed for maximum power density in a condensed footprint, the Power Tower will vertically stack 1.8 MW of Bloom Energy Servers in a pillar architecture.
To be located in Donghae City, the power generated by Bloom Energy will produce 35,000-megawatt hours per year of highly efficient, clean and resilient electricity, while capturing 4 million megacalories of thermal energy through the Power Tower and SK ecoplant’s heat recovery system.
“We are thrilled to partner with SK ecoplant to bring this innovative and exciting project to life, marking a new milestone for Bloom Energy,” said Venkat Venkataraman, executive vice president and chief technology officer, Bloom Energy. “Not only can we efficiently generate clean and reliable energy for an important utility, Korea East-West Power, but also we are eager and humbled to supply heat to the local community center so that residents can enjoy activities during harsh winter months.”
Bloom Energy’s highly efficient solid oxide technology uses a non-combustion, electrochemical process to produce electricity with reduced carbon emissions compared to the grid alternative and with virtually no harmful smog-forming particulate matter.
"This project marks significant ‘firsts’ for us all – for SK, for Bloom and for South Korea,” said Justin Wangjae Lee, executive vice president and head of the hydrogen biz center, SK ecoplant. “We look forward to working with Bloom to continue to advance thermally-supplied SOFC solutions. In addition to our existing eco-friendly distributed power generation, we’re excited to explore entry into new, attractive global markets, such as Southeast Asia."
Bloom Energy intends to make CHP available in all markets where the company currently operates, subject to its applicability for each specific project.
About Bloom Energy
Bloom Energy’s mission is to make clean, reliable energy affordable for everyone in the world. The company’s product, the Bloom Energy Server, delivers highly reliable and resilient, always-on electric power that is clean, cost-effective, and ideal for microgrid applications. Bloom’s customers include many Fortune 100 companies and leaders in manufacturing, data centers, healthcare, retail, higher education, utilities, and other industries. For more information, visit www.bloomenergy.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws that involve risks and uncertainties. Words such as “anticipates,” “could,” “expects,” “intends,” “plans,” “projects,” “believes,” “seeks,” “estimates,” “can,” “may,” “will,” “would” and similar expressions identify such forward-looking statements. These statements include, but are not limited to, expectations regarding the collaboration efforts between the two companies; the timing of new construction; the ability to reduce CO2 emissions and other harmful smog-forming particulate matter; CHP’s availability in the markets in which Bloom Energy operates; and expectations related to the technical solution offered by Bloom Energy’s SOFC technology. These statements should not be taken as guarantees of results and should not be considered an indication of future activity or future performance. Actual events or results may differ materially from those described in this press release due to a number of risks and uncertainties, including those included in the risk factors section of Bloom Energy’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 and other risks detailed in Bloom Energy’s SEC filings from time to time. Bloom Energy undertakes no obligation to revise or publicly update any forward-looking statements unless if and as required by law.
Media Contact
Jennifer Duffourg
Bloom Energy
480.341.5464
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Investor Relations Contact
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ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID, Inc. (NYSE:AGR) posted its second quarter 2021 earnings release and presentation in the Investors section of the Company’s website. Interested parties can access using the following link: www.avangrid.com/wps/portal/avangrid/Investors.
In conjunction with the earnings release, AVANGRID will conduct a webcast conference call with financial analysts on Wednesday, July 21, 2021 beginning at 10:00 A.M. ET. AVANGRID’s Executive team will present an overview of the financial results followed by a question and answer session.
Interested parties, including analysts, investors and the media, may listen to a live audio-only webcast by accessing a link located in the Investors section of AVANGRID’s website at www.avangrid.com/wps/portal/avangrid/Investors.
About AVANGRID: AVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $39 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs approximately 7,000 people and has been recognized by Forbes and Just Capital as one of the 2021 JUST 100 companies – a list of America’s best corporate citizens – and was ranked number one within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2021 for the third consecutive year by the Ethisphere Institute. For more information, visit www.avangrid.com.
Analysts: Patricia Cosgel 203-499-2624
Media: Zsoka McDonald 203-997-6892
BOSTON--(BUSINESS WIRE)--Veolia North America (VNA), a leading provider of environmental solutions in the U.S., today announced that it is the recipient of two elite Top Project of the Year Awards, handed out every year by Environment + Energy Leader in recognition of outstanding contributions to the fields of energy and environmental management. The two projects won awards in their individual categories, one for environmental sustainability and the other for energy solutions.
The two VNA projects to be singled out for recognition are:
The Environment + Energy Leader Awards are meant to recognize excellence in products and services that provide companies with energy and environmental benefits, and in projects implemented by companies that improved environmental or energy management and increased the bottom line. “With a very experienced and critical judging panel and a strict set of judging criteria, entrants faced an extremely high bar to qualify for an award in 2021,” said Sarah Roberts, Environment + Energy Leader publisher.
About Veolia: The Veolia Group's ambition is to be the benchmark company for the ecological transition. With operations on every continent and almost 179,000 employees, the Group designs and distributes useful, concrete solutions for the management of water, waste, and energy, which help bring about radical change. Through its three complementary activities, Veolia is growing access to resources, preserving the resources available, and renewing them. In 2020, the Veolia Group provided 95 million people with drinking water and 62 million with sanitation; it generated almost 43 million megawatt hours and recycled 47 million tons of waste. Veolia Environnement (Paris Euronext: VIE) posted consolidated sales of €26.010 billion in 2020.
About Veolia North America: A subsidiary of Veolia group, Veolia North America (VNA) offers a full spectrum of water, waste and energy management services, including water and wastewater treatment, commercial and hazardous waste collection and disposal, energy consulting and resource recovery. VNA helps commercial, industrial, healthcare, higher education and municipality customers throughout North America. Headquartered in Boston, Mass., Veolia North America has more than 7,000 employees working at more than 250 locations across the continent. www.veolianorthamerica.com
About the Environment + Energy Leader Awards
For nearly a decade, the Environment + Energy Leader Awards have celebrated excellence in the world of environmental, sustainability and energy management. Award winners are truly buzz-worthy, and companies that sport a Top Project or Top Product of the Year Award badge are known to be the best of the best. When other companies are seeking a sustainability or energy management solution, they know that E+E Product of the Year Award winners offer a significant group of products, vetted by experts, to peruse for help in making their decisions. Project of the Year Award winners are known to illustrate how sustainability and energy management projects can successfully help other companies improve the bottom line.
Matt Burgard (203) 859-4168; This email address is being protected from spambots. You need JavaScript enabled to view it.
HOUSTON--(BUSINESS WIRE)--Phillips 66 Partners (NYSE: PSXP) has changed the time of its conference call to discuss second-quarter earnings. The conference call webcast will now be held at 3 p.m. EDT on Tuesday, Aug. 3, 2021. At that time, the company’s executive management will discuss the partnership’s second-quarter 2021 financial results, which will be released earlier that day, and provide an update on strategic initiatives.
To access the webcast, go to the Events and Presentations section of the Phillips 66 Partners Investors site, https://unitholder.phillips66partners.com/investors. A replay of the webcast will be archived on the Events and Presentations page approximately two hours after the event, and a transcript will be available at a later date.
About Phillips 66 Partners
Headquartered in Houston, Phillips 66 Partners is a growth-oriented master limited partnership formed by Phillips 66 to own, operate, develop and acquire primarily fee-based crude oil, refined petroleum products and natural gas liquids pipelines, terminals and other midstream assets. For more information, visit www.phillips66partners.com.
Jeff Dietert (investors)
832-765-2297
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Shannon Holy (investors)
832-765-2297
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Thaddeus Herrick (media)
855-841-2368
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DUBLIN--(BUSINESS WIRE)--The "Small-scale LNG Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The small-scale LNG market was estimated to be USD 6.85 billion in 2019 and is expected to grow at a CAGR of 12.63% during the forecast period of 2021-2026.
The COVID-19 pandemic has severely impacted the market due to disruption in supply chain, reduction in energy consumption and discouraging investments in newer technologies. However, with increasing pressure on large-scale LNG plants to showcase returns to investors, the operating companies are increasingly backing small-scale LNG initiatives.
The small-scale LNG plant with a capacity of less than 1 MTPA can be constructed within three years, compared to large-scale LNG plants, which can take up to 10 years. Moreover, factor, such increasing demand for LNG in bunkering, road transportation, and off-grid power are expected to drive the small-scale LNG market in the coming years.
However, factors such as high operation cost of small-scale LNG and lack of supporting infrastructure in the regions such as the Middle-East and Africa and high CAPEX requirement, along with a long payback period of more than 12 years, are expected to hinder the growth of the market studied.
Transportation application is expected to dominate the small-scale LNG market, owing to the increasing demand for LNG as a fuel source for ships and heavy-duty trucks.
Owing to the high capital expenditure required for a small-scale LNG infrastructure, development of cost-efficient small-scale LNG infrastructure are expected to provide significant opportunities to the small-scale LNG technology providers and transporters in the future.
Europe dominated the market across the world, with the majority of the demand coming from countries, such as Norway, Spain, and the United Kingdom.
The small-scale LNG market is moderately fragmented. Some of the major players include the Linde Group, Wartsila Oyj Abp, Royal Dutch Shell PLC, Engie SA, and PJSC Gazprom.
Key Topics Covered:
1 INTRODUCTION
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2026
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 Industry Attractiveness - Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Type
5.1.1 Liquefaction Terminal
5.1.2 Regasification Terminal
5.2 Mode of Supply
5.2.1 Truck
5.2.2 Transshipment and Bunkering
5.2.3 Pipeline and Rail
5.3 Application
5.3.1 Transportation
5.3.2 Industrial Feedstock
5.3.3 Power Generation
5.3.4 Other Applications
5.4 Geography (Market Size for Regions Only)
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Small-scale LNG Technology Providers
6.3.1.1 The Linde Group
6.3.1.2 Wartsila Oyj Abp
6.3.1.3 Baker Hughes Company
6.3.1.4 Honeywell International Inc.
6.3.1.5 Chart Industries Inc.
6.3.1.6 Black & Veatch Corp
6.3.2 Small-scale LNG Marine Transporter
6.3.2.1 Anthony Veder Group NV
6.3.2.2 Engie SA
6.3.2.3 Evergas A/S
6.3.3 Small-scale LNG Operators
6.3.3.1 Royal Dutch Shell PLC
6.3.3.2 Eni SpA
6.3.3.3 PJSC Gazprom
6.3.3.4 TotalEnergies SE
6.3.3.5 Gasum Oy
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/swizcr
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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HOUSTON--(BUSINESS WIRE)--VOC Energy Trust (NYSE: VOC) announced the Trust distribution of net profits for the second quarterly payment period ended June 30, 2021.
Unitholders of record on July 30, 2021 will receive a distribution amounting to $2,720,000 or $0.16 per unit, payable August 13, 2021.
Volumes, average sales prices and net profits for the payment period were:
Sales volumes: |
|
|
|
|
Oil (Bbl) |
|
128,814 |
|
|
Natural gas (Mcf) |
|
78,734 |
|
|
Total (BOE) |
|
141,936 |
|
|
Average sales prices: |
|
|
|
|
Oil (per Bbl) |
|
$ |
59.62 |
|
Natural gas (per Mcf) |
|
$ |
3.29 |
|
Gross proceeds: |
|
|
|
|
Oil sales |
|
$ |
7,679,568 |
|
Natural gas sales |
|
|
258,788 |
|
Total gross proceeds |
|
$ |
7,938,356 |
|
Costs: |
|
|
|
|
Lease operating expenses |
|
$ |
3,069,270 |
|
Production and property taxes |
|
|
608,076 |
|
Development expenses |
|
|
706,669 |
|
Total costs |
|
$ |
4,384,015 |
|
Net proceeds |
|
$ |
3,554,341 |
|
Percentage applicable to Trust’s Net Profits Interest |
|
80% |
|
|
Net profits interest |
|
$ |
2,843,473 |
|
Increase in cash reserve held by VOC Brazos Energy Partners, L.P. |
|
|
0 |
|
Total cash proceeds available for the Trust |
|
$ |
2,843,473 |
|
Provision for estimated Trust expenses |
|
|
123,473 |
|
Net cash proceeds available for distribution |
|
$ |
2,720,000 |
|
This press release contains forward-looking statements. Although VOC Brazos Energy Partners, L.P. has advised the Trust that VOC Brazos Energy Partners, L.P. believes that the expectations contained in this press release are reasonable, no assurances can be given that such expectations will prove to be correct. The announced distributable amount is based on the amount of cash received or expected to be received by the Trustee from the underlying properties on or prior to the record date with respect to the quarter ended June 30, 2021. Any differences in actual cash receipts by the Trust could affect this distributable amount. Other important factors that could cause these statements to differ materially include the actual results of drilling operations, risks inherent in drilling and production of oil and gas properties, the ability of commodity purchasers to make payment, the effect, impact, potential duration or other implications of the COVID-19 pandemic, actions by the members of the Organization of Petroleum Exporting Countries, and other risk factors described in the Trust’s Annual Report on Form 10-K for the year ended December 31, 2020 filed with the Securities and Exchange Commission. Statements made in this press release are qualified by the cautionary statements made in these risk factors. The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release.
VOC Energy Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Elaina Rodgers
(713) 483-6020
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