SAN JOSE, Calif.--(BUSINESS WIRE)--Momentus Inc. (NASDAQ: MNTS) (“Momentus” or the “Company”), a U.S. commercial space company that offers transportation and other in-space infrastructure services, has completed comprehensive ground testing of the solar arrays that will support its second demonstration mission scheduled to launch on the SpaceX Transporter-6 mission in December 2022. Watch a solar array deployment test here.
The test campaign included functional, performance and environmental testing for sub-system components and the fully integrated solar arrays on the Vigoride Orbital Service Vehicle. The solar arrays are designed to deploy from Vigoride shortly after separation from the launch vehicle and track the sun throughout the mission to generate power.
“We expanded our solar array test campaign with the aim of ensuring that this key system for our mission will operate as intended,” said Momentus Chief Executive Officer John Rood. “The Momentus team has been working closely with our solar array vendor that has been supporting our comprehensive testing campaign to prepare for our next flight. On our first Vigoride demonstration mission in May, we experienced an issue with a pin in a hold-down bracket not releasing. This enhanced test campaign is aimed at preventing similar issues in the future.”
“We’re excited about our next launch of the Vigoride vehicle targeted for December and the innovative customer payloads it will carry,” said Rood. “Vigoride will carry a hosted payload for Caltech's first space solar power demonstration and deploy a satellite for Qosmosys that evokes the spirit of innovation from NASA’s Voyager mission to explore the solar system. We also plan to fully test our Microwave Electrothermal Thruster propulsion system that uses water as a propellant in space.”
Momentus plans to fly the next generation of its Vigoride Orbital Service Vehicle on the SpaceX Transporter-6 mission. The vehicle design has been modified to increase payload capacity and reduce launch loads transmitted to Momentus' customers. This version of Vigoride also introduces some modularity – particularly with the propulsion system, which should allow Momentus to more easily tailor the vehicle for each mission's unique transfer profile.
About Momentus
Momentus is a U.S. commercial space company that offers in-space infrastructure services, including in-space transportation, hosted payloads and in-orbit services. Momentus believes it can make new ways of operating in space possible with its planned in-space transfer and service vehicles that will be powered by an innovative water plasma-based propulsion system that is under development.
Forward-Looking Statements
This press release contains certain statements which may constitute “forward-looking statements” for purposes of the federal securities laws. Forward-looking statements include, but are not limited to, statements regarding Momentus’ or its management team’s expectations, hopes, beliefs, intentions or strategies regarding future events or circumstances, and are not guarantees of future performance. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of Momentus’ control. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to risks and uncertainties included under the heading “Risk Factors” in the Annual Report on Form 10-K filed by the Company on March 9, 2022, as such factors may be updated from time to time in our other filings with the Securities and Exchange Commission (the "SEC"), accessible on the SEC’s website at www.sec.gov and the Investor Relations section of our website at investors.momentus.space. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
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KENNESAW, Ga.--(BUSINESS WIRE)--Yamaha Rightwaters™ continues its support of the Center for Coastal Studies in Provincetown, Mass., by helping the marine rescue organization repower a boat with new 300-horsepower outboards. The F300s will power the twin-engine Ibis, a whale disentanglement vessel used to assist with several research and rescue programs in the Cape Cod Bay area.
"The Center for Coastal Studies' Marine Animal Entanglement Response (MAER) team, which at times goes far offshore, needs a vessel that's fast and reliable in order to successfully disentangle sea animals,” Dr. Sarah Oktay, CCS Executive Director. “These new outboards will help save whales and sea turtles for years to come, and we are grateful for Yamaha's support of this important work."
The Center for Coastal Studies focuses on marine habitats and the animals that live within it. The Center has studied humpback and North Atlantic right whales for more than 35 years, which includes curating the Gulf of Maine Humpback Whale Catalog, surveying the critically-endangered right whale (with only 336 whales remaining) and operating the Marine Animal Entanglement Response team, which disentangles whales and sea turtles caught in fishing gear.
“The Yamaha Rightwaters team initiated a relationship with the Center for Coastal studies in 2017 and applauds the organization’s dedication and tenacity to preserving marine life. To date, the Center is responsible for disentangling more than 200 large whales and other marine animals in distress,” said John O’Keefe, Senior Specialist, Government Relations, Yamaha U.S. Marine Business Unit. “Yamaha Rightwaters holds steadfast to principles of conservation and stewardship of all marine resources, and we look forward to extending our support of the Center as the team continues to promote research and marine conservation in the Northeastern coastal regions of the U.S.”
About Center for Coastal Studies: The Center conducts scientific research with emphasis on marine mammals of the western North Atlantic and on the coastal and marine habitats and resources of the Gulf of Maine; promotes stewardship of coastal and marine ecosystems; conducts educational activities and provides educational resources that encourage the responsible use and conservation of coastal and marine ecosystems, and collaborates with other institutions and individuals whenever possible to advance the Center’s mission.
Yamaha Rightwaters is a national sustainability program that encompasses all of Yamaha Marine’s conservation and water quality efforts. Program initiatives include habitat restoration, support for scientific research, mitigation of invasive species, the reduction of marine debris and environmental stewardship education. Yamaha Rightwaters reinforces Yamaha’s long-standing history of natural resource conservation, support of sustainable recreational fishing and water resources and Angler Code of Ethics, which requires pro anglers to adhere to principles of stewardship for all marine resources.
Yamaha’s U.S. Marine Business Unit, based in Kennesaw, Ga., is responsible for the sales, marketing, and distribution of Yamaha Marine products in the U.S. including Yamaha Outboards, Yamaha WaveRunners®, Yamaha Boats, G3® Boats and Skeeter® Boats. Supporting 2,400 dealers and boat builders nationwide, Yamaha is the industry leader in reliability, performance, technology and customer service.
REMEMBER to always observe all applicable boating laws. Never drink and drive. Dress properly with a USCG-approved personal floatation device and protective gear.
© 2022 Yamaha Motor Corporation, U.S.A. All rights reserved.
This document contains many of Yamaha's valuable trademarks. It may also contain trademarks belonging to other companies. Any references to other companies or their products are for identification purposes only and are not intended to be an endorsement.
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WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) invites investors, customers, members of the financial community and other interested parties to listen to a live webcast of its fiscal 2022 year end financial results on Thursday, November 17, 2022, at 10 a.m. ET.
President and Chief Executive Officer Steve Westhoven and Senior Vice President and Chief Financial Officer Roberto Bel will present an overview of NJR’s financial and operational performance for fiscal 2022.
A few minutes prior to the webcast, visit www.njresources.com and select “Investor Relations.” Scroll down and click the webcast link under “Latest Events” on the right side of the page.
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:
NJR and its over 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.
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The Naval Surface Warfare Center Dahlgren Division has awarded BAE Systems a five-year contract to provide management, engineering, maintenance, and IT support services to the Surface Combat Systems Center
MCLEAN, Va.--(BUSINESS WIRE)--BAE Systems will continue to support the integration of various mission equipment, combat systems, and computer programs for the U.S. Navy’s Surface Combat Systems Center (SCSC) in Wallops Island, Virginia with a new $143 million, five-year contract. These mission-essential systems are used by sailors across the fleet for all current and future cruiser, destroyer, and amphibious ship modernization initiatives.
“Our work at Wallops Island supports SCSC’s mission to provide increased readiness and improved capability to the fleet,” said Lisa Hand, vice president and general manager of BAE Systems Integrated Defense Solutions. “This effort is vital to our nation’s sailors in an increasingly challenging maritime environment.”
BAE Systems’ technical, engineering, and overall programmatic support for SCSC includes all major activities and engineering on the systems used for Surface Navy testing, training, and support of deployed surface combat systems, advanced systems under development, warfare systems integration, interoperability, and at-sea testing and exercises.
For more information, please contact:
Molly Rhine, BAE Systems
Mobile: 410-271-4206
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Aerospace leader selects Classiq platform for advanced quantum algorithm design
TEL-AVIV, Israel--(BUSINESS WIRE)--Classiq, the leader in quantum software, today announced that it is working with Rolls-Royce to implement novel computational fluid dynamics algorithms. Computational fluid dynamics (CFD) deals with heavy, and complex numerical simulations of fluid and gas phenomena. Used in many industrial applications, CFD is key to improving advanced equipment design by, for example, optimizing aerodynamics and thermodynamics. The collaboration will combine quantum and classical computing techniques, leveraging the strengths of each technology.
The quantum HHL algorithm, which solves a linear set of equations, can be utilized in a hybrid classical/quantum computer implementation of CFD. The nonlinear and linear parts are solved on classical and quantum hardware, respectively.
Classiq will provide an efficient implementation of the linear problem definition into the quantum circuit and will generate optimized circuits for the different quantum functions within the HHL algorithm. Using the Classiq platform, Rolls-Royce will develop state-of-the-art optimized quantum circuits for the HHL algorithm.
“We are very pleased to be working with Classiq on a very important part of our quantum computing roadmap. Classiq’s unique platform offers both optimisation and ease of use that will be essential as we seek to run more and more sophisticated CFD models,” said Leigh Lapworth, Rolls-Royce Fellow and Quantum Computing Lead. “Achieving our net zero carbon goals requires ongoing enhancements to the sophistication of design simulations that will continue to stretch the limits of classical supercomputing. The potential of quantum computers to drastically reduce simulation run-times cannot be ignored, and the work we’re doing today ensures we will have the capabilities to benefit from Quantum Advantage when it arrives.”
The Classiq platform will enable Rolls-Royce to design, optimize and analyze quantum algorithms that scale. This will allow Rolls-Royce, a leader in aerospace and power systems, to implement novel computational fluid dynamics algorithms in a way that is hardware independent.
Classiq’s powerful synthesis engine implicitly explores a vast design space of potential circuits to meet each user’s needs and provide state of the art optimization -- leaving users with more resources, whether it’s time, qubits, quantum gates, or accuracies. This functional-level exploration is possible only when synthesizing circuits from functional models, an approach fundamentally different from existing quantum solution schemes.
Quantum computers are expected to provide a calculation speedup compared to classical computers in the coming years and capability building is a key step to take in preparation for this new computing era. Rolls-Royce, with Classiq’s support, is implementing optimized and hardware-agnostic algorithms for the quantum computers of today and tomorrow.
“We’re honored to work with Rolls-Royce on a sophisticated quantum solution to an important industrial challenge. The Classiq platform will enable Professor Lapworth’s team of experts to reach state of the art results using a novel algorithmic approach,” said Shai Lev, VP of Strategic Partnerships at Classiq.
About Rolls-Royce
Rolls-Royce pioneers the power that matters to connect, power and protect society. We have pledged to achieve net zero greenhouse gas emissions in our operations by 2030 (excluding product testing) and joined the UN Race to Zero campaign in 2020, affirming our ambition to play a fundamental role in enabling the sectors in which we operate achieve net zero carbon by 2050. Rolls-Royce has customers in more than 150 countries, comprising more than 400 airlines and leasing customers, 160 armed forces and navies, and more than 5,000 power and nuclear customers. Annual underlying revenue was £10.95 billion in 2021, underlying operating profit was £414m and we invested £1.18 billion on research and development. We also support a global network of 28 University Technology Centres, which position Rolls-Royce engineers at the forefront of scientific research. Rolls-Royce Holdings plc is publicly traded company (LSE: RR., ADR: RYCEY, LEI: 213800EC7997ZBLZJH69).
About Classiq
Classiq is the leading quantum software company, taking quantum software to a higher level. Built for organizations that want to jumpstart or accelerate their quantum computing programs, Classiq’s patented software automatically converts high-level functional models into optimized quantum circuits for most quantum computers and cloud providers. Customers use the Classiq platform to build software they could not create otherwise, bypassing the quantum assembly level. Due to its functional descriptive approach, Classiq also makes it easy to upskill domain experts with little quantum experience and integrate them into high-performing quantum teams. Backed by powerful investors such as HPE, HSBC, Samsung, Intesa Sanpaolo, and NTT, Classiq raised $63 million since its 2020 inception, built a world-class team of scientists and engineers, and distilled decades of quantum expertise into a groundbreaking software development platform. Classiq equips customers with what they need to take full advantage of the quantum computing revolution. Follow Classiq on LinkedIn, Twitter, or YouTube, or visit www.classiq.io to learn more.
Miranda Honnoll
Bospar for Classiq
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Reliance, a strategic investor in Ambri, is purchasing an Ambri pilot system as part of a its broader Energy Storage System manufacturing plans and deployments in India
MARLBOROUGH, Mass.--(BUSINESS WIRE)--Ambri, a provider of long-duration energy storage systems, today announced a memorandum of understanding to deliver a pilot system to Reliance Industries Limited. As the largest private-sector corporation in India and a multinational conglomerate, Reliance is considering enabling and establishing 100 GW of solar generation capacity and has announced setting up of giga scale battery manufacturing to support round the clock and firm power supported by reliable, clean, and affordable energy.
“Reliance plays a major role in India’s economic and energy future, and its commitment to address climate change meaningfully is noteworthy, especially given the country’s importance in solving this global challenge. Ambri is proud to further strengthen this longstanding relationship with one of our strategic investors to support the increased integration of renewable energy resources and energy storage into their facilities,” said Dan Leff, Executive Chair at Ambri.
Reliance has set an ambitious target of achieving net-zero carbon by 2035 and has committed to invest more than USD $10 billion to secure the promise of a sustainable future for generations to come with a mix of energy solutions that leverage hydrogen, wind, solar, fuel cells, and batteries at their own facilities. Ambri batteries’ unique chemistry utilizing commonly available, recyclable materials is an attractive solution, for Reliance’s stated objectives.
“As an investor, we have helped support Ambri’s work to produce and scale a superior and reliable energy storage solution because we believe in the company and its technology. One of our goals in investing in Ambri was that someday we would have the opportunity to harness Ambri’s technology to help us achieve our goals to deliver cost competitive round-the-clock power,” said Mr. Sanjay Mashruwala, Director, Reliance New Energy Limited, a wholly owned subsidiary of Reliance Industries Limited. “This memorandum of understanding paves the way for us to engage in discussions for testing and installation of Ambri’s demo installation at Jamnagar, India and further progress our joint development work to set up large scale manufacturing of Ambri systems in India.”
The MOU announced today is the first step in advancing Ambri and Reliance’s strategic partnership. The system will ship by mid-2023 and is set for commissioning immediately thereafter. This MOU is further to the strategic partnership agreement signed between Reliance and Ambri last year providing for an exclusive collaboration to set up a large-scale battery manufacturing facility in India, which could add scale and further bring down costs for Reliance’s green energy initiative.
About Ambri
Ambri’s Liquid Metal™ battery technology solves the world’s biggest energy problems, fundamentally changing the way power grids operate by increasing the contribution from renewable resources and reducing the need to build traditional power plants. Ambri’s long-duration energy storage solution is built for daily cycling, even in extreme, harsh environments. With a lifespan of 20+ years with minimal fade, Ambri systems are not only extremely reliable but also safe, as Ambri systems do not produce or emit any gases and there is no possibility for thermal runaway. For more information visit: www.ambri.com.
About Reliance Industries
Reliance is India’s largest private sector company, with a consolidated turnover of INR 792,756 crore (US$104.6 billion), and net profit of INR 67,845 crore ($9.0 billion) for the year ended March 31, 2022. Reliance’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and digital services. Reliance is the top-most ranked company from India to feature in Fortune’s Global 500 list of ‘World’s Largest Companies’. It features among LinkedIn’s ‘The Best Companies to Work For In India’ (2022). For more information visit: www.ril.com.
Ambri
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IRVINE, Calif. & MILAN, Italy--(BUSINESS WIRE)--Enevate, a pioneering battery innovation company featuring extreme fast charge and high energy density battery technologies for electric vehicles (EV) and other markets, announced that it has completed a Memorandum of Understanding (MOU) with Italian marine propulsion innovator Sealence to collaborate on the development of a high performance battery cell for jet boat propulsion.
The industrial deep tech start-up Sealence has developed an ultra-efficient electric propulsion system called DeepSpeed that operates silently and reduces vibration for sea craft ranging from fast tenders to large yachts. The DeepSpeed clean energy electric boat jets can deliver from 250 horsepower to 1,300 horsepower, with a worldwide patented technology boasting energy efficiency parameters significantly higher than any other propeller-based naval propulsion systems for a very large range of applications.
In addition to EV performance benefits, Enevate’s silicon battery technology delivers up to 26 percent reduction of carbon dioxide (CO2) emissions for manufacturing of vehicle batteries with Enevate’s XFC-Energy technology compared to today’s conventional lithium-ion EV batteries (21 percent for NCA and 26 percent for NMC cells [kg CO2 eq. cradle-to-gate, per 1 KWh cell capacity]). This has the potential to support sustainable navigation by lowering the carbon footprint at the beginning of the system’s life cycle, which is significant because battery manufacturing is the highest contributor of CO2 emissions to the overall manufacturing of any electric vehicle.
Sealence’s unique DeepSpeed electric marine propulsion system requires battery performance very similar to Enevate’s electric automotive vehicle performance specifications, specifically high energy density with high discharge rates, long cycle life and extreme fast charge capability. Enevate and Sealence engineers are planning to jointly work together in both Southern California and Italy to prove key battery performance metrics first followed by a joint prototype collaboration to validate a prototype design.
“As Sealence looks to compete globally in the clean marine propulsion market, we sought out a battery partner that could deliver high energy, high discharge and superb battery performance for our revolutionary jet propulsion design – and Enevate was an ideal fit,” commented Sealence VP Michele Straniero.
“The combination of Enevate’s silicon anode battery technology and Sealence’s revolutionary DeepSpeed ultra-efficient propulsion design can significantly accelerate the energy transition in many segments of the marine mobility sector, with economic advantages for the operators and at the same time positive impact for the environment with less pollution both in water and in the air,” said Sealence founder and CEO William Gobbo.
“Our collaboration with Sealence provides a significant opportunity for Enevate as we develop, demonstrate and provide our battery expertise and technology to a range of electric vehicle markets including motorcycle, automotive, marine, and electric power equipment,” said Enevate CEO Robert A. Rango. “We are especially excited to be working with Sealence as they chart new and revolutionary approaches to marine propulsion.”
ABOUT SEALENCE (www.sealence.it)
Founded in 2017, Sealence is an industrial deep tech company in scale-up phase headquartered in Italy with representative offices in California, China, and New Zealand. With its unique electric jet propulsion system, Sealence’s vision is to bring to the naval sector the same revolution that jet propulsion brought to the aviation industry and at the same time promoting the transition to renewable energy in the marine sector. Featuring energy efficiency parameters significantly higher than any other propeller-based naval propulsion systems Sealence’s patented technology brings financial savings to the user and environmental benefit to the planet.
ABOUT ENEVATE (www.enevate.com)
Enevate develops and licenses advanced battery technology for electric vehicles (EVs) and other markets, with a vision of EVs charging as fast as refueling gas cars, accessible and affordable to everyone, and accelerating EVs’ mass adoption. Boasting a portfolio of more than 500 patents issued and in process, Enevate’s pioneering advancements (including leveraging accelerated battery testing and machine learning) in silicon-dominant anodes and cells have resulted in battery technology that features five-minute extreme fast charging with high energy density, low-temperature operation for cold climates, low cost and safety advantages over conventional batteries.
Enevate's vision is to develop and propagate EV battery technology that contributes to a clean and sustainable environment. The Irvine, California-based company's investors include Renault-Nissan-Mitsubishi (Alliance Ventures), LG Chem, Samsung Venture Investment Corp, Fidelity Management & Research Company, Mission Ventures, Draper Fisher Jurvetson, Tsing Capital, Infinite Potential Technologies, Presidio Ventures – a Sumitomo Corporation company, Lenovo, CEC Capital, and Bangchak. Enevate®, the Enevate logo, HD-Energy®, XFC-Energy® and eBoost® are registered trademarks of Enevate Corporation.
Bill Blanning
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Powerful data analytics combined with proven communication strategies help utilities quickly launch dynamic rate calculators and personalized promotions that engage and educate
WALNUT CREEK, Calif. & DUBLIN, Ohio--(BUSINESS WIRE)--GridX, the leading enterprise rate platform provider to modern utilities, and Questline Digital, a marketing and technology agency that builds engaging utility customer experiences, today announced a partnership that will make switching to time-of-use (TOU) rates an easy decision for energy customers. Questline Digital will incorporate GridX, which accurately details the cost impact of switching to different rate plans, into its successful utility engagement campaigns.
Offering alternative rate structures has become an imperative for utilities as they strive to achieve sweeping decarbonization targets and ensure grid reliability through the growth in electrification. Utilities today offer more than 53,000 rates across U.S. utilities, a number that will most certainly grow. The availability of these different rates gives customers choice and control over their energy usage but can also lead to confusion if not communicated properly.
“For a long time, people have used energy when they needed it, received a bill from their utility at the end of the month, and paid it,” said Scott Engstrom, Chief Customer Officer, GridX. “But with the increase in dynamic rates and pricing, customers need to realize that if they better manage their energy usage, they can save money and have a positive impact on the environment. We calculate with accuracy the cost impact of rate plans, but it takes great marketing to communicate those insights in a compelling way that drives action. That is exactly where Questline Digital excels.”
Data from smart meters has made it possible for utilities to personalize messaging to customers at a level of detail never seen before. This is particularly important when communicating potential changes to rate plans because customers ultimately want to understand what they can expect to pay. By embedding highly accurate cost impacts into their engagement strategies, Questline Digital can now create personalized rate plan campaigns for customers.
“Communicating with utility customers requires a level of personalization not seen in other industries, especially as they increasingly make decisions – like buying an electric vehicle or installing solar – without understanding how it will impact their wallet,” said Dave Reim, CEO & President, Questline Digital. “Rather than telling customers what an ‘average person’ would save, we must deliver personalized messaging to give them an accurate picture of their usage and potential savings.”
About GridX, Inc.
GridX partners with utilities and energy suppliers to transform their businesses and accelerate the clean energy transition. The company’s Enterprise Rate Platform helps these organizations to develop new products and business models to achieve their clean energy goals; quickly operationalize new offerings in their billing and settlement processes; and better engage with their customers for broader program adoption. GridX’s platform is used by leading utilities, retail energy suppliers and energy ecosystem OEMs to serve more than 25 million homes and businesses. For more information, visit www.gridx.com.
About Questline Digital
Questline Digital is a marketing and technology agency that builds engaging experiences throughout the utility customer journey, boosting program participation and overall satisfaction. Through their proven process, the agency helps utility clients create and deploy digital campaigns that deliver measurable results with content that engages, educates and inspires action. Mixing multimedia content, custom technology applications and data-driven strategies, Questline Digital helps clients solve industry challenges and drive measurable results. Questline Digital's ever-growing content library includes 4,500+ articles, videos, infographics and interactive quizzes used to support utility programs, such as: solar energy, electric vehicles, energy efficiency, marketplace sales, beneficial electrification, paperless billing and more. For more information, visit www.questline.com.
Brad Langley
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LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (“EVgo”), the nation’s largest public fast charging network for electric vehicles (EVs), today announced that it will release its third quarter 2022 financial results after market close on Wednesday, November 2, 2022. This release will be followed by a conference call hosted by members of the EVgo management team at 5:00 PM Eastern Time.
Interested investors and other parties may access a live webcast of the conference call on the Events & Presentations page in the Investor Relations section of EVgo’s website at https://investors.evgo.com/events-and-presentations. The call can also be accessed live over the telephone by dialing (888) 340-5044 (for U.S. callers) or (646) 960-0363 (for callers outside the U.S.) and referencing conference ID 6304708. Please log into the webcast or dial in to the call at least 10 minutes before the start of the event.
An archive of the webcast will be available for a period of time shortly after the call on the Events & Presentations page in the Investor Relations section of EVgo’s website.
About EVgo
EVgo (Nasdaq: EVGO) is a leader in charging solutions, building and operating the infrastructure and tools needed to expedite the mass adoption of electric vehicles for individual drivers, rideshare and commercial fleets, and businesses. Since its founding in 2010, EVgo has led the way to a cleaner transportation future and its network has been powered by 100% renewable energy since 2019 through renewable energy certificates. As the nation’s largest public fast charging network, EVgo’s owned and operated charging network features over 850 fast charging locations – currently serving over 60 metropolitan areas across more than 30 states – and continues to add more DC fast charging locations through EVgo eXtend™, its white label service offering. EVgo is accelerating transportation electrification through partnerships with automakers, fleet and rideshare operators, retail hosts such as grocery stores, shopping centers, and gas stations, policy leaders, and other organizations. With a rapidly growing network, robust software products and unique service offerings for drivers and partners including EVgo Optima™, EVgo Inside™, EVgo Rewards™, and Autocharge+, EVgo enables world-class charging experience where drivers live, work, travel and play.
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A New Offering for Utilities to Increase Customer Engagement and Satisfaction
NORWALK, Conn.--(BUSINESS WIRE)--Engaging customers is a challenge for utility companies, especially renters and low-and moderate-income homeowners because they may not need or be able to afford traditional energy-efficiency programs that are more widely adopted by other customer segments. One thing all groups have in common is that they own one – or more - smart phones, tablets, computers, and televisions. These devices are essential for people to stay connected to family, friends, work, education, entertainment and more, so when they malfunction or are damaged, it can be a major disrupter of daily life.
New Engagement Opportunity for Utilities
That’s why HomeServe launched HomeServe Tech Protection, a first-of-its-kind multi-device protection plan that includes smartphone coverage to be available only through utilities, enabling utilities to expand their customer engagement with a value proposition of interest to all customer segments. Through HomeServe Tech Protection, utilities can provide a solution that solves common problems for any customer with an affordable plan that covers all their essential devices.
“We know that approximately two-thirds of consumers would prefer to have one plan that protects their mobile phones with their other important connected devices, yet manufacturers, wireless carriers and retailer plans haven’t fully addressed this customer need with an affordable solution. The Tech Protection plan, offered through our utility partners, covers all mobile phones and tablets, computers and TVs within a customer’s home for one attractive price point,” explained Luis Quiroga, HomeServe’s SVP of Product. “By expanding the HomeServe customer promise into the connected device category, we are enabling utilities to expand into new customer segments with a convenient, money-saving option to keep their customers connected and engaged. We are thrilled to now be in market with the Tech Protection program with seven of our utility partners, and we look forward to expanding in the coming months.”
HomeServe Tech Protection has launched with seven of the company’s utility partners in select territories. Program availability will continue to roll out to additional markets in the coming months. By making HomeServe Tech Protection plans available to both homeowners and renters, utilities can bring a valuable new service to help their customers fill a void in available coverage for the electronic devices they use most frequently and, as a result, increase customer satisfaction.
Affordable and Easy
Plans start at $11.99 a month, provide unlimited claims up $3,000 per year on any three covered devices, new or used, and include a 90-day guarantee on covered repairs. Instead of having to purchase individual coverage for each device, a single plan covers all smartphones, TVs, tablets and computers against the most common types of damage, including drops, cracks and spills. Also covered are normal wear and tear, electrical surge damage, and malfunctions due to defects.
And the claims submission and repair processes are easy. Customers with a plan can quickly submit a claim online and can get repairs made multiple ways: at one of over 1,300 local affiliate repair storefronts, by mailing smaller devices into a repair depot, or in-home for larger devices like flat screen TVs.
Utilities interested in learning more about how HomeServe Tech Protection can help expand their customer value can visit www.homeserveutility.com/tech-protection/.
About HomeServe
HomeServe USA Corp. (HomeServe) is a customer-focused company that enables utilities and municipalities to educate, protect and advocate for their customers who are faced with home repair emergencies. Serving more than 4.8 million customers across the US and Canada and working through over 1,100 leading municipal and utility partners, HomeServe protects homeowners against the expense and inconvenience of plumbing, electrical, HVAC and other home repair emergencies.
Through its network of skilled locally based technicians, HomeServe makes a repair or install in a customer’s home every 34 seconds. HomeServe is also a leading provider of residential energy efficiency solutions. Over the past twelve months, HomeServe has installed almost $100 million dollars’ worth of residential HVAC efficiency upgrades.
HomeServe has an exceptional customer satisfaction rating, is accredited with an A+ grade from the Better Business Bureau and the Service Line Warranty Program is endorsed by the National League of Cities. For more information about HomeServe, a certified Great Place to Work® and Stevie® Awards for Sales and Service winner, please go to www.homeserve.com. Connect with HomeServe on Facebook and Twitter @HomeServeUSA and on LinkedIn @HomeServe-USA. For news and information follow on Twitter @HomeServeUSNews.
HOMESERVE MEDIA:
Myles Meehan
HomeServe
Phone: 203-356-4546
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Kristin Elder
Hill+Knowlton Strategies for HomeServe
Phone: 703-835-6245
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NEW YORK--(BUSINESS WIRE)--Wafra Inc. (“Wafra”), a global alternative asset manager, today announced the acquisition of a controlling interest in Mission Clean Energy LLC (“Mission”), a utility scale renewable asset developer. Alongside Wafra, Aggregate Power Infrastructure LLC (“API”), a clean infrastructure investor, will be investing in Mission.
Mission has aggregated a 3GW project development pipeline with a diverse geographical presence across North America and a focus on solar and battery storage projects. Wafra’s investment will be utilized to accelerate the expansion and delivery of these pipeline assets. Mission was founded in 2022 to respond to the growing demand for renewable energy assets by a well-established leadership team.
“Mission is thrilled to be partnering with Wafra to grow our nationwide presence,” said Max Bakker, Co-Founder and CEO of Mission Clean Energy. “The business case for renewables and storage has never been stronger. Wafra is a well-capitalized, collaborative partner that shares our vision of driving the energy transition and, creating positive impacts on local communities while decarbonizing the grid.”
“We see a significant market opportunity for solar and battery storage infrastructure in the United States as demand for renewable energy continues to grow,” said Edward Tsai, Managing Director at Wafra. “The team at Mission Clean Energy has an impressive track record of delivering high quality renewable energy projects, rooted in a disciplined approach to market entry, site selection, and project development. We look forward to accelerating Mission’s growth.”
Latham & Watkins LLP served as legal advisor to Wafra and API. Farella Braun + Martel LLP served as legal advisor to Mission.
About Mission Clean Energy
Mission is a utility-scale renewable energy and storage developer focused on accelerating America’s clean energy future, leading the way by providing clean, abundant, and reliable energy to communities throughout the U.S. The company’s goal is to decarbonize the grid responsibly, one renewable energy project at a time. With decades of combined experience, the Mission team expertly manages even the most complex projects from concept to completion, and helps utility and corporate customers deliver dependable, customized energy solutions.
For more information, please visit www.missioncleanenergy.com.
About Wafra
Wafra is a global alternative investment manager with approximately $32 billion of assets under management across real assets, real estate, and financial services. By providing flexible and accretive capital solutions and focusing on long-term partnerships, Wafra seeks to align and partner with high quality asset owners, companies, and management teams. Headquartered in New York, Wafra has additional offices in London, Kuwait, and Bermuda. For more information, please visit: www.wafra.com.
About API
Aggregate Power Infrastructure LLC is an investment partnership dedicated to the electrification and decarbonization of the United States economy. API’s partners are experienced and dedicated renewable energy and clean infrastructure investment professionals. The firm focuses on supporting quality management teams and assets that enable the energy transition. The firm’s headquarters is in New York.
Katrina Allen
Executive Vice President
Edelman Smithfield
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DUBLIN--(BUSINESS WIRE)--The "Innovations in Directional Drilling, Oil Spill Remediation, Wellbore Stability, Hydrocarbon Extraction and Advanced Digital Solutions in the Oil & Gas Industry" report has been added to ResearchAndMarkets.com's offering.
This edition of the Oil and Gas (O&G) TOE features information on the use of bonded alloy based metallurgical seals in tubing and casing based upstream processes to reduce emissions. The TOE covers innovations based on the deployment of wood waste and yeast based feedstock for the production of sustainable aviation fuels which have significantly lower sulfur emissions. The TOE additionally provides insights on the developments in drill cutting analysis to ensure wellbore stability during oil and gas based drilling operations.
The TOE also provides latest innovations in the use of innovative rotary steerable systems to improve directional drilling performance used for oil extraction and the use of faster automated well control system for continuous monitoring during drilling operations. The TOE finally provides intelligence on the use of free floating skimmers for oil spill remediation, novel fracking fluids to enhance hydrocarbon extraction in shale reservoirs and the use of IoT based monitoring solutions to optimize oil and gas operations.
The Oil and Gas TOE provides intelligence on innovations pertaining to technologies, products, and processes, along with strategic insights, in the upstream and downstream processes in the oil and gas industry.
The Energy and Utilities cluster provides global insights and intelligence on a wide variety of disruptive emerging technologies and platforms ranging from energy storage, advanced batteries, solar and wind energy, to unconventional oil, bioenergy, geothermal energy, and energy transmission.
Key Topics Covered:
Innovations in Directional Drilling, Oil Spill Remediation, Wellbore Stability, Hydrocarbon Extraction and Advanced Digital Solutions in the Oil & Gas Industry
Key Contacts
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/l4nju7
ResearchAndMarkets.com
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AA-Rated Reserve Capital Backstop Uniquely Positions OneNexus to Finance up to $1.2 Billion of Energy Industry Asset Retirement Obligations
HOUSTON--(BUSINESS WIRE)--OneNexus, LLC and its wholly-owned captive insurance company, OneNexus Oklahoma Captive Corp. (“OOCC”), today announced that they have entered into a definitive agreement with Munich Re Energy Transition Finance (“MRETF”), a wholly-owned subsidiary of AA-rated global reinsurance company Munich Re AG for the purpose of providing backstop capital for OneNexus’ new Asset Retirement Obligation (ARO) funding product. The partnership between OneNexus and MRETF provides a framework by which ARO funds are secured in a regulated structure, presenting the oil and gas industry with a cost-effective and superior option to reduce its environmental footprint by proactively addressing its decommissioning liabilities. MRETF’s financial commitment, along with capital provided by OneNexus’ founding members, ensures sufficient capital for OneNexus to cover up to $1.2 billion in ARO liabilities.
OneNexus, LLC – launched in June 2021 – is focused on addressing a key issue that has plagued the US onshore oil and gas energy industry: the large and growing AROs, which are the unavoidable costs associated with retiring long-lived hydrocarbon producing assets (wells, facilities, production and gathering systems, etc). The ARO liabilities held on energy company balance sheets remain largely unfunded. If these liabilities are neglected, the number of orphaned wells in the United States will continue to increase, leaving a burden on taxpayers and creating environmental hazards that will eventually contaminate the surrounding soil and groundwater, and contribute to atmospheric emissions of methane, a potent greenhouse gas.
OneNexus and MRETF are addressing the Environmental, Social, and Governance (ESG) problem of wells remaining unplugged at the end of their useful economic life. OneNexus has structured the company to address the major underlying issues that lead to wells remaining unplugged long after they cease producing, primarily the lack of funding to pay for the decommissioning costs. OneNexus, utilizing its captive insurance company (OOCC), safeguards funds in a licensed, regulated "lock box" structure until the capital is needed for the decommissioning of the oil and gas wells. Taking the process a step further, OneNexus will take title to the plugged wells, ensuring that the wells do not present further risks in the future.
As energy companies continue to enhance their ESG reporting and targets, planning for decommissioning must be part of their strategy to address long-term liabilities. Future costs to decommission these assets continue to rise as oil and gas field development becomes more complex. OneNexus’ industry experts understand these costs and risks and work with companies to plan appropriately and responsibly for the future.
“As we get down to the business of managing ARO liabilities and plugging wells, we will be helping energy companies become proactive in addressing their decommissioning obligations,” says Tony Sanchez, co-founder of OneNexus. “OneNexus products will ensure that funding for plugging and abandonment activities is available, no matter who owns the wells, far into the future,” Mr. Sanchez concludes.
Vikram Nath, Managing Director, Munich Re Energy Transition Finance, comments, “The transaction with OneNexus demonstrates our unwavering commitment to energy transition. Unplugged or improperly plugged oil and gas wells might lead to harmful emissions, but to date there has been no solution that could address this problem head-on.” Mr. Nath goes on to say, “We have worked closely with the OneNexus team in structuring this product and are confident that, as this product gains acceptance, it will be a win-win solution for all stakeholders.”
ABOUT ONENEXUS LLC
OneNexus LLC is a financial risk and decommissioning management company that focuses on solutions relating to Asset Retirement Obligation (ARO) liabilities in the energy industry. OneNexus’ mission is to prevent oil and gas wells from becoming orphaned or environmental hazards by ensuring that these liabilities are funded far into the future to provide for proper decommissioning. Headquartered in Houston, Texas – the energy capital of the world – the company was founded by a network of seasoned energy industry executives, in partnership with KKR affiliate BlackGold Capital Management LP, who are driven to solve the complex problem of retiring oil and gas assets in a safe, reliable, and cost-effective manner. For more information, please visit onenexus.com.
ABOUT MUNICH RE / MUNICH RE ENERGY TRANSITION FINANCE:
Munich Re is one of the world’s leading providers of reinsurance, primary insurance and insurance-related risk solutions. The Group consists of the reinsurance and ERGO business segments, as well as the asset manager MEAG. Munich Re is globally active and operates in all lines of the insurance business. Since it was founded in 1880, Munich Re has been known for its unrivaled risk-related expertise and its sound financial position. Munich Re Energy Transition Finance Inc. based in Houston, Texas, is a wholly-owned subsidiary of Munich Re. To comply with and support the Paris climate agreement, Munich Re is targeting net-zero carbon emissions from risks with the upstream oil & gas industry by 2050. Within the pathway to reach this goal, Munich Re will continue to support clients in the alternative debt financing for the energy transition sector with solutions that enable our clients to achieve their own ESG goals, e.g., by realizing carbon capture and sequestration projects that contribute to mitigating climate change.
Jonathan Babin
Public Content
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New Offering Provides United Rentals Customers with Sustainable Power Solution
STAMFORD, Conn.--(BUSINESS WIRE)--United Rentals, Inc. (NYSE: URI), the world’s largest equipment rental company, today announced it is adding several hydrogen power generators to its North American rental fleet in the coming months. With the generators, United Rentals customers will have a zero-emissions power solution to charge electric vehicles and tools, and other equipment, advancing worksite electrification strategies.
The EODev GEH2 fuel cell electro-hydrogen generators bring companies the energy they need, without emissions of carbon dioxide (CO2), hydrocarbons (HC), nitrogen oxides (NOx) or other particulate matter (PM). With a compact footprint of about 4 feet by 11 feet, the generators deliver instant power up to 110 kVA (88 kW). They are equipped with the latest hydrogen fuel cells, and provide exceptional durability and reliability. In addition to the sustainability benefits, they also run much quieter than traditional generators.
United Rentals has acquired the generators from Generac, a distribution partner for EODev. The generators join emissions-free aerial lifts, trucks, vans, compact excavators, e-dumpsters, battery systems and more already in the United Rentals portfolio of environmentally friendly rental equipment. United Rentals expects to deploy the generators during the fourth quarter of 2022 and in 2023.
“By providing a zero-emissions power solution, United Rentals continues to demonstrate leadership in helping worksites expand electrification in construction and industrial rental sectors,” said David Scott, Senior Vice President of Specialty Operations, United Rentals. “We can assist companies as they work to close the sustainability loop by providing the power they need without generating harmful emissions to charge electric vehicles and equipment, and more.”
Included among the applications for GEH2 generators are construction worksites; confined environments such as tunnels, mines and enclosed spaces; entertainment venues including concerts; sports events; and many other markets where emission free power is desired.
“United Rentals is an excellent partner for our emissions-free generators because our companies share a vision to provide innovative solutions that help customers reduce their carbon footprint and environmental impact,” said Stéphane Jardin, Chief Commercial Officer of EODev. “With its eco-friendly solutions, United Rentals is leading the way in helping construction and industrial companies build a more sustainable future.”
United Rentals has set a goal of reducing the greenhouse gas emissions intensity of its business by 35 percent by 2030, from 2018. More information about the company’s environmental management strategy can be found on the Sustainability at United Rentals webpage.
About United Rentals
United Rentals, Inc. is the largest equipment rental company in the world. The company has an integrated network of 1,331 rental locations in North America, 13 in Europe, 28 in Australia and 18 in New Zealand. In North America, the company operates in 49 states and every Canadian province. The company’s approximately 21,600 employees serve construction and industrial customers, utilities, municipalities, homeowners and others. The company offers approximately 4,400 classes of equipment for rent with a total original cost of $16.57 billion. United Rentals is a member of the Standard & Poor’s 500 Index, the Barron’s 400 Index and the Russell 3000 Index® and is headquartered in Stamford, Conn. Additional information about United Rentals is available at unitedrentals.com.
Ted Grace
(203) 618-7122
Cell: (203) 399-8951
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Awarded the Highest 5-Star Rating, Eleventh Consecutive “Green Star” Recognition, and an “A” Disclosure Score
BOSTON--(BUSINESS WIRE)--BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, today announced that it has earned a top ESG rating in the 2022 GRESB® assessment. BXP earned an eleventh consecutive “Green Star” recognition and the highest GRESB 5-star Rating, as well as an “A” disclosure score. BXP also achieved the highest scores in several categories, including Data Monitoring & Review, Targets, Policies, Reporting, and Leadership.
“Real estate companies, as stewards of the built environment, play an essential role in addressing the climate crisis,” said Owen Thomas, CEO of BXP. “I am proud of this recognition and of BXP’s leadership in strategic climate action. BXP’s focus on sustainability is an important component of our premier workplace strategy and is valued by our clients, partners, employees, and communities.”
BXP actively works to promote its growth and operations in a sustainable and responsible manner and is a recognized leader in green building. BXP has certified 29.4 million square feet of its current in-service portfolio at the highest LEED certification levels of Gold and Platinum. BXP has publicly announced sustainability goals and has implemented energy conservation projects and other measures in actively managed properties that have reduced greenhouse gas emissions intensity by 80% and site energy use intensity by 41% since 2008. BXP has aligned its emissions reduction targets with climate science and became the first North American office REIT to establish an emissions reduction target ambition in line with a 1.5°C trajectory, the most ambitious designation available at the time of submission under the Science Based Targets initiative. BXP remains on track to achieve carbon-neutral operations by 2025.
“BXP’s commitment to ESG performance management and transparency is key to our ESG program,” said Ben Myers, Vice President of Sustainability, BXP. “Our focus on measurable impacts guides our decision making and investments, creating a more resilient, purposeful company.”
The GRESB Real Estate Assessment is the investor-driven global ESG benchmark and reporting framework for real estate. The Assessment is shaped by what investors and the industry consider to be material issues in the sustainability performance of real estate investments. The methodology is consistent across different regions, investment vehicles, and property types, and aligns with international reporting frameworks. The data is self-reported by Assessment participants and subjected to a multi-layer validation process after which it is scored and benchmarked. The result is high-quality data that investors and participants can use in their investment, engagement, and decision-making processes.
About BXP ESG
BXP’s commitment to ESG leadership has been recognized by numerous industry groups and rankings, including BXP’s inclusion as #4 on the 2021 Forbes Green Growth 50 list and #3 on Barron’s 10 Most Sustainable U.S. REITs list. BXP was named to Newsweek’s America’s Most Responsible Companies 2022 list, ranking first in its industry with an increased ranking of 31st overall out of the 499 companies included on list. In 2022, BXP was again named an ENERGY STAR Partner of the Year – Sustained Excellence Award Winner and a Best in Building Health winner by the Center for Active Design. BXP was recently recognized as an inaugural Platinum level Green Lease Leader by the Institute for Market Transformation and the U.S. Department of Energy.
About BXP
BXP (NYSE: BXP) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six markets - Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP is a fully integrated real estate company, organized as a real estate investment trust (REIT), with more than 50 years of experience developing, owning, managing, and acquiring exceptional properties in dynamic gateway markets. As of June 30, 2022, including properties owned by unconsolidated joint ventures, BXP’s portfolio totaled 53.7 million square feet and 193 properties, including 12 properties under construction/redevelopment. For more information, please visit our website at www.bxp.com or follow us on LinkedIn or Instagram.
At the Company
Laura Sesody
Vice President, Corporate Marketing & Communication
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Helen Han
Vice President, Investor Relations
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LOS ANGELES--(BUSINESS WIRE)--$CGRN #Biogas--Capstone Green Energy Corporation (NASDAQ: CGRN) will hold its quarterly conference call to discuss its second quarter fiscal year 2023 financial results on Monday, November 14, 2022 at 1:45 p.m. Pacific Time (4:45 p.m. Eastern Time).
At the end of the live conference call, Capstone Management will host a question-and-answer session to provide an opportunity for financial analysts to ask questions. Investors and interested individuals are invited to listen to the webcast by logging on to the Company’s investor relations webpage.
A replay of the webcast will be available on the company website for at least 90 days.
About Capstone Green Energy
Capstone Green Energy (NASDAQ: CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Generation Technologies (EGT) are driven by the Company's industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Solutions (ESS) business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen & Sustainable Products (H2S), Capstone Green Energy offers customers a variety of hydrogen products, including the Company's microturbine energy systems.
To date, Capstone has shipped over 10,000 units to 83 countries and estimates that in FY22, it saved customers over $213 million in annual energy costs and approximately 388,000 tons of carbon. Total savings over the last four years are estimated to be approximately $911 million in energy savings and approximately 1,503,100 tons of carbon savings.
For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: This email address is being protected from spambots. You need JavaScript enabled to view it..
For more information about the Company, please visit www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.
Capstone Green Energy
Investor and investment media inquiries:
818-407-3628
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COME BY CHANCE, Newfoundland and Labrador--(BUSINESS WIRE)--The United Steelworkers union (USW) is calling on the RCMP’s Major Crimes Unit to launch a criminal investigation into the catastrophic explosion on Sept. 2 at the Braya Renewable Fuels refinery in Come By Chance.
The USW, which represents hundreds of workers at the refinery, also is urging the Newfoundland and Labrador government to launch a formal inquiry into the disaster, which killed one worker and injured seven others.
Shawn Peddle, a refinery worker and member of USW Local 9316, died in hospital on Saturday, Oct. 15, six weeks after suffering critical injuries in the explosion.
“Our union, our members and families and our community are heartbroken,” said Glenn Nolan, USW Local 9316 president.
“We believe this tragedy was preventable,” Nolan said. “We have called on the RCMP to conduct a criminal investigation of this explosion, under terms of the Westray Law and all other Criminal Code provisions.”
The Westray Law amended the Criminal Code in 2004 to provide for criminal prosecution of employers in cases of negligence causing workplace deaths and injuries. The USW is leading a nation-wide campaign, Stop the Killing, Enforce the Law, advocating for greater enforcement of such Criminal Code provisions.
“We can’t allow for workplace deaths and injuries to be normalized, and for the consequences of preventable tragedies to be no more than paying a fine,” said Myles Sullivan, the USW’s Director for Atlantic Canada and Ontario.
“Our union believes all workers have the right to come home safely from their jobs, every day. We are calling on the RCMP to commit all the resources necessary to investigate the catastrophe at the Come By Chance refinery under a criminal lens and ensure all applicable Criminal Code provisions are enforced,” Sullivan said.
“Our hearts go out to the families, friends and colleagues of Shawn Peddle and all of the injured workers. They all deserve to see that justice is done and that there will be real accountability and meaningful action taken by authorities,” he added.
The USW is calling on the provincial government to launch a public inquiry into the Sept. 2 disaster “to get to the bottom of what happened, to ensure it never happens again,” Nolan said.
Myles Sullivan, USW Director for Atlantic Canada and Ontario, 416-243-8792
Sylvia Boyce, USW District 6 Health, Safety and Environment Co-ordinator, 905-741-9830, This email address is being protected from spambots. You need JavaScript enabled to view it.
Shannon Devine, USW Communications, 416-894-7118 (cell), This email address is being protected from spambots. You need JavaScript enabled to view it.
ROCKVILLE, Md.--(BUSINESS WIRE)--#RhodeIslandsolar--Standard Solar, Inc., a recognized leader in the development, funding, ownership and operation of commercial and community solar assets, is expanding its community solar portfolio in Rhode Island with the acquisition of a combined 6.2 megawatts of projects from Trina Solar.
The two ground-mount community solar projects - West Main 1 and West Main 2 - developed by Trina Solar are located in Portsmouth. Rhode Island has some of the highest electricity prices in the country, and they are expected to continue to increase. These new projects will allow subscribers - a mix of state agencies, quasi-state agencies, municipalities, public housing authorities, public schools, private schools, non-profits, federal government and hospitals - in the National Grid service territory to benefit from clean energy savings by offsetting their electricity bills with solar energy.
All the power generated will be subscribed utilizing the state’s Virtual Net Metering program.
“Partnerships in this industry are critical to delivering successful solar projects,” said Michael Streams, Standard Solar’s Chief Development Officer. “We’re honored to be a trusted development partner of Trina’s, particularly in helping Rhode Island grow its clean energy footprint, and look forward to growing our mutually beneficial relationship as our company launches its next growth phase.”
“We are very happy to get the chance to collaborate with Standard Solar, one of the fastest growing developers and operators of community solar,” said from Linhui Sui, President of Trina Solar International Solar System Business Unit (“Trina ISBU”). “We are committed to developing similar systems to expand broader customer access for local, clean, and affordable community solar.”
These projects will contribute to achieving Rhode Island’s first-in-the-nation goal to meet 100% of the state’s electricity demand with renewable energy by 2030. In addition to accelerating clean energy supply, the projects will generate new long-term investment, savings and job growth opportunities across the economy.
Combined, the arrays are expected to produce approximately 8,600 MWh of clean energy annually, which is equivalent to offsetting the CO2 emissions from 4,134,853 pounds of coal burned, charging 454,600,730 smartphones or 727 homes' electricity use for one year.
Subscription participation information is available at This email address is being protected from spambots. You need JavaScript enabled to view it.
Both projects are expected to be completed in 2023.
About Standard Solar
Standard Solar, a Brookfield Renewable company, is powering the nation’s energy transformation – channeling its project development capabilities, financial strength and technical expertise to deliver the benefits of solar, as well as solar + storage, to businesses, institutions, farms, governments, communities and utilities. Building on 18 years of sustainable growth and in-house and tax equity investment capital, Standard Solar is a national leader in the development, funding and long-term ownership and operation of commercial and community solar assets. Recognized as an established financial partner with immediate, deep resources, the company owns and operates more than 300 megawatts of solar across the United States. Standard Solar is based in Rockville, Md. Learn more at standardsolar.com, LinkedIn and Twitter: @StandardSolar.
For project acquisition and development inquiries, contact John Finnerty, Director of Project Development, 240-479-1519, This email address is being protected from spambots. You need JavaScript enabled to view it. and on LinkedIn.
About Trina ISBU
Trina ISBU, a business unit of Trina Solar, is a utility-scale global solar power and battery storage solutions developer for international market. With more than 15 years’ professional experiences and track records in project development, financing, EPC and O&M, Trina ISBU is committed to be a global leader in the development and management of smart renewable energy solutions, and creating value for local stake holders and international investors. We are active in more than 20 countries and areas, including but not limited to USA, UK, Italy, France, Greece, Spain, Japan, Colombia, Mexico, Chile, Peru, Australia, South Korea, Vietnam, Malaysia, Philippines, Cambodia, Brazil, Poland, Germany, Hungary, Croatia. Contact us: This email address is being protected from spambots. You need JavaScript enabled to view it.
PR:
Leah Wilkinson
Wilkinson + Associates
703-907-0010
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ST. JOHN’S, Newfoundland and Labrador--(BUSINESS WIRE)--$ALS.TO #earningsdate--Altius Minerals Corporation (ALS: TSX) (ATUSF: OTCQX) (“Altius” or the “Corporation”) expects to report Q3 2022 annual attributable royalty revenue of $26.4 million, which compares to $20.8 million of attributable royalty revenue recorded in Q3 2021. On a nine-month basis, attributable royalty revenue of $80.5 million in 2022 compares to $60.5 million during the comparable period in 2021.
Royalty Revenue Summary |
||||||
Summary of attributable royalty revenue
|
Q3 2022 |
Q2 2022 |
Q3 2021 |
|||
| Potash | $ |
10,276 |
$ |
11,450 |
$ |
3,788 |
| Base & battery metals |
|
5,779 |
|
8,315 |
|
8,216 |
| Iron ore (1) |
|
3,740 |
|
2,871 |
|
6,035 |
| Thermal (electrical) coal |
|
3,768 |
|
4,520 |
|
2,562 |
| Renewable energy and other |
|
2,859 |
|
1,466 |
|
207 |
| Attributable royalty revenue | $ |
26,422 |
$ |
28,622 |
$ |
20,808 |
| See non-GAAP financial measures section of our MD&A for definition and reconciliation of attributable royalty revenue | ||||||
| (1) Labrador Iron Ore Royalty Corporation dividends received | ||||||
Potash portfolio revenue during the quarter was $10.3 million, which compares to $3.8 million in the comparable quarter of 2021, reflecting significantly higher average realized prices. On a year-to-date basis, potash revenue of $31.6 million exceeds the $12.4 million in revenue reported for the comparable period in 2021 due to higher attributable production volumes and significantly higher average realized pricing.
Base and battery metal (primarily copper) revenue of $5.8 million for the quarter compares to $8.2 million reported for the third quarter of 2021 due primarily to the scheduled closure of the 777 mine and lower realized prices but partially offset by higher Chapada production volumes. Year to date revenue of $24.1 million compares to $25.2 million for the same period in 2021.
Iron ore revenue in the form of dividends from Labrador Iron Ore Royalty Corp. (LIORC) was $3.7 million compared to $6.0 million in Q3 2021 due to higher sustaining and growth capital spending and lower declared dividends by the Iron Ore Company of Canada (IOC). Year to date revenue of $8.0 million compares to $13.9 million over the same period last year. The Corporation added an additional 550,000 shares to its LIORC position during the quarter. LIORC serves as a pass-through vehicle for IOC production-based royalty revenues and equity dividends.
Thermal (electrical) coal revenue of $3.8 million during the current quarter compared to $2.6 million during the third quarter of last year on slightly higher attributable royalty volumes as well as a higher inflation-based royalty rate, as described in the Q2 2022 MD&A. Nine month revenue in 2022 of $11.4 million compares to $7.6 million in 2021 mainly due to increased power plant utilization at Genesee.
Renewable energy and other royalty revenue included approximately $2.0 million related to the Corporation’s 59% interest in Altius Renewable Royalties Corp. (ARR: TSX), compared to $0.02 million in the same quarter last year. The difference relates to the addition of new operating stage royalty projects as well as stronger merchant power prices in the current year.
Third Quarter 2022 Financial Results Conference Call and Webcast Details
Additional details relating to individual royalty performances and asset level developments will be provided with the release of full financial results, which will occur on November 9, 2022 after the close of market with a conference call to follow on November 10, 2022.
Date: November 10, 2022
Time: 9:00 AM ET
Toll Free Dial-In Number: (+1) 888 396 8049
International Dial-In Number: (+1) 416 764 8646
Conference Call Title and ID: Altius Q3 2022 Results, ID 41077130
Webcast Link: Q3 2022 Financial Results
Non‐GAAP financial measures
About Altius
Altius’s strategy is to create per share growth through a diversified portfolio of royalty assets that relate to long life, high margin operations. This strategy further provides shareholders with exposures that are well aligned with sustainability-related global growth trends including the electricity generation transition from fossil fuel to renewables, transportation electrification, reduced emissions from steelmaking and increasing agricultural yield requirements. These macro-trends each hold the potential to cause increased demand for many of Altius’s commodity exposures including copper, renewable based electricity, several key battery metals (lithium, nickel and cobalt), clean iron ore, and potash. In addition, Altius runs a successful Project Generation business that originates mineral projects for sale to developers in exchange for equity positions and royalties. Altius has 47,616,297 common shares issued and outstanding that are listed on Canada’s Toronto Stock Exchange. It is included in each of the S&P/TSX Small Cap, the S&P/TSX Global Mining, and the S&P/TSX Canadian Dividend Aristocrats indices.
Forward-Looking Information
This news release contains forward‐looking information. The statements are based on reasonable assumptions and expectations of management and Altius provides no assurance that actual events will meet management's expectations. In certain cases, forward‐looking information may be identified by such terms as "anticipates", "believes", "could", "estimates", "expects", "may", "shall", "will", or "would". Although Altius believes the expectations expressed in such forward‐looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those projected. Readers should not place undue reliance on forward-looking information. Altius does not undertake to update any forward-looking information contained herein except in accordance with securities regulation.
Flora Wood
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Tel: +1 (877) 576.2209
Direct: +1 (416) 346.9020
Ben Lewis
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New ChargeNet Stations Technology Out to Democratize EV Charging
SAN FRANCISCO--(BUSINESS WIRE)--#ChargeNetStations--ChargeNet Stations, an electric vehicle (EV) fast-charging station development and software company, in partnership with Taco Bell franchisee Diversified Restaurant Group (DRG), opens its first ultra-fast charging stations at a South San Francisco Taco Bell® this morning. ChargeNet Stations is using its innovative software technology, pairing solar energy and energy storage with Tritium’s fast EV chargers at quick serve restaurants across California.
“Call it quick food, quick charge,” said ChargeNet Stations CEO and Founder Tosh Dutt. “You can get an EV charge and a chalupa all in one easy stop.”
ChargeNet Stations is compatible with all EV connector types and offers, on average, a 100-mile charge in 20 minutes, or fewer, for around $20. Locations are being strategically positioned to make EV charging available in traditionally underserved communities.
“We are committed to catalyzing the EV revolution to ensure it spans across all demographics,” Dutt said. “This is why we are working with quick-serve restaurants, where an estimated 120 million Americans eat every day. About half of our locations are in marginalized communities across California, providing charging access to people who may not have the luxury of a home charging station. We are out to democratize EV charging across California and beyond.”
More than 100 California Taco Bell restaurants, owned by DRG, are set to be “electrified” in the next year, meaning they will be equipped with ChargeNet Stations’ fast charging, energy storage, renewable energy, and software technology. The company will be expanding to other brands, soon to be announced, as well.
The highly efficient EV charging is made possible with ChargeNet Stations’ innovative software technology that leverages solar energy and advanced energy storage solutions to offset the demand on the grid and charge vehicles faster. By integrating solar and energy storage, ChargeNet Stations keeps restaurant utility costs in check and increases renewable energy usage, which is not only convenient and cost effective, but it also helps decarbonize the planet.
ChargeNet Stations’ debut Taco Bell location, at 465 El Camino Real, is operated by Taco Bell’s franchisee Diversified Restaurant Group and has six charging stations offering customers a clean, convenient EV charge.
“We’re always looking for opportunities to bring innovative and sustainable ideas to market, especially those that create a ‘win-win’ for our customers, the community, and our business,” says SG Ellison, President of Diversified Restaurant Group. The group currently operates more than 300 Taco Bell and Arby’s in five states and is growing rapidly. “ChargeNet Stations has been a great partner and we’re looking forward to what the future holds.”
Automotive experts predict more than 50 types of EVs, priced at or below $30,000, will be available in the U.S. market within the next three years. By 2035, California plans to ban the sales of new gas-powered cars and trucks.
“We’re solving a demand problem we know is coming,” said Dutt. “What we’re doing is creating a seamless opportunity for a quick charge at a convenient place and for a good price – and it’s good for the planet.”
“For the first time in many decades, how and where we power transportation is up for grabs, creating countless opportunities for rapid and convenient EV charging,” said Tritium CEO Jane Hunter. Tritium, a leading direct current fast charger manufacturer, has sold more than 7,600 chargers across 42 countries, and recently opened a Tennessee factory to increase U.S. supply capabilities and produce Buy America-compliant chargers in 2023. “This ChargeNet Stations site sets a new standard in convenient charging, pairing cutting-edge Tritium fast charger technology with on-site solar, battery storage and the opportunity to rest and recharge with a warm meal from Taco Bell.”
The partnership is expected to expand in other areas and leverages funding from the California Energy Commission’s California Electric Vehicle Infrastructure Project (CALeVIP) and the California Public Utilities Commission’s (CPUC) Self-Generation Incentive Program (SGIP). In addition to helping EV drivers, the state funding is creating jobs for local installers, leveraging solar energy, and supporting business owners looking to transform their parking lots into profit centers.
ChargeNet Stations has received funding from Aligned Climate Capital, the San Diego Angels, Tech Coast Angels, and the LACI Impact Fund.
To learn more about ChargeNet Stations, and opportunities for franchisees and employment, visit ChargeNetStations.com and on Twitter @ChargeNetStnUS.
About ChargeNet Stations
ChargeNet Stations is an electric vehicle fast-charging station development and AI driven software company. Our software platform creates a seamless opportunity for Quick Serve Restaurants to offer customers a superior EV charging experience in mere minutes. ChargeNet Stations’ hardware-agnostic SaaS platform, ChargeOpt, optimizes EV chargers and renewable energy to transform parking lots into profit centers.
About Tritium
Founded in 2001, Tritium (NASDAQ: DCFC) designs and manufactures proprietary hardware and software to create advanced and reliable DC fast chargers for electric vehicles. Tritium’s compact and robust chargers are designed to look great on Main Street and thrive in harsh conditions, through technology engineered to be easy to install, own, and use. Tritium is focused on continuous innovation in support of our customers around the world. For more information, visit TritiumCharging.com.
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