DUBLIN--(BUSINESS WIRE)--Alternus Energy Group plc ("Alternus") (OSE: ALT) today announced the establishment of its development business, Altnua, which aims to become one of the leading specialist renewable asset developers in Europe and the US. Altnua will focus on developing utility scale projects from the ground up working with landowners and local developers as well as corporate off-takers to achieve their net zero goals.
Bill Sadlier will lead the new business as Chief Executive Officer. Prior to establishing Altnua, Mr Sadlier served as the Chief Financial Officer and Executive Director at BNRG where he led the business through transformative private equity deals on both sides of the Atlantic. Mr Sadlier has an extensive track record in the renewable energy industry having developed, financed, and delivered over 1 GW of renewable capacity in Europe and North America since 2004 with businesses including NTR plc.
“Joining Alternus at this pivotal point, when demand for clean energy is greater than ever, will allow Altnua to respond to critical decarbonisation targets and contribute to future growth for the group. I am confident as part of Alternus, Altnua has the right foundation, resources, and expertise to create an industry leading development business. We have an ambitious vision for this business with a goal of adding over 5GW’s of organically developed operational parks to the Alternus portfolio by the end of the decade,” said Bill Sadlier.
As part of Alternus, Altnua can take a responsible long-term approach to developing projects, on a ‘develop to own’ basis, across a range of technologies using innovative energy solutions. A central theme of Altnua’s growth strategy will be the acquisition of development businesses to scale their portfolios. A number of executives and professionals are expected to join Altnua in the coming months as Bill Sadlier builds out the team to execute on the ambitious plan.
“Establishing a specialist development business led by an experienced team is the next logical step for Alternus as we continue in our current growth path. As long-term owners of clean energy projects, we see tremendous value by stepping in earlier in the value chain. This allows us to reduce our overall capital expenditure and to optimise the long-term design and operation of the projects from inception, including the use of storage and other hybrid solutions. This will also provide an assured pipeline of future operational parks to support better planning and use of group resources. I am delighted for Bill to lead this exciting new chapter in our development and also welcome him onto the Alternus Executive Management Team,” added Vincent Browne, Group Chief Executive Officer and Chairman of Alternus.
To learn more about the new business visit the website at www.altnua.com
About Altnua
Established in 2022, Altnua, an Alternus Energy Group company, is a specialist renewable asset developer. Headquartered in Dublin and with operations across the EU and US, Altnua is developing a pipeline of solar and storage assets totalling 5GW.
Website: www.altnua.com
LinkedIn: https://www.linkedin.com/company/altnua/
About Alternus Energy
Alternus Energy Group Plc is an international vertically integrated independent power producer (IPP). Headquartered in Ireland, and listed on the Euronext Growth Oslo, the Company develops, installs, owns, and operates midsized utility scale solar parks. The Company also has offices in Rotterdam and America. Alternus Energy aims to own and operate over 3.5 gigawatts of solar parks by the end of 2025. For more information visit www.alternusenergy.com.
On October 12, 2022, Alternus announced the execution of a definitive business combination agreement with Clean Earth Acquisitions Corp. (NASDAQ: CLIN), a climate technology and energy transition-focused special purpose acquisition company. The transaction is expected to close in the first quarter of 2023, at which point the combined company’s common stock is expected to trade on the Nasdaq Market.
About Clean Earth Acquisitions Corp.
Clean Earth Acquisitions Corp. is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities. For more information visit www.cleanearthacquisitions.com.
Participants in the Solicitation
Clean Earth, Alternus Energy and their respective directors and executive officers may be deemed participants in the solicitation of proxies from Clean Earth’s shareholders in connection with the Proposed Business Combination. Information regarding the directors and executive officers of Clean Earth and their ownership of Clean Earth common stock is set forth in Clean Earth’s final prospectus filed with the SEC on November 19, 2021, in connection with Clean Earth’s initial public offering. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to Clean Earth’s shareholders in connection with the Proposed Business Combination will be s included in the proxy statement that Clean Earth intends to file with the SEC. Additional information regarding the interests of participants in the solicitation of proxies in connection with the Proposed Business Combination will be included in the proxy statement that Clean Earth intends to file with the SEC. You may obtain free copies of these documents as described above.
Forward-Looking Statements
Certain statements included in this press release that are not historical facts are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are sometimes accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding Alternus’ growth, prospects and the market for solar parks and other renewable power sources. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the respective management teams of Alternus and Clean Earth and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by an investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Alternus and Clean Earth.
These forward-looking statements are subject to a number of risks and uncertainties, including: the impact of reduction, modification or elimination of government subsidies and economic incentives (including, but not limited to, with respect to solar parks); the impact of decreases in spot market prices for electricity; dependence on acquisitions for growth in Alternus’ business; inherent risks relating to acquisitions and Alternus’ ability to manage its growth and changing business; risks relating to developing and managing renewable solar projects; risks relating to PV plant quality and performance; risks relating to planning permissions for solar parks and government regulation; Alternus’ need for significant financial resources (including, but not limited to, for growth in its business); the need for financing in order to maintain future profitability; the lack of any assurance or guarantee that Alternus can raise capital or meet its funding needs; Alternus’ limited operating history; risks relating to operating internationally, include currency risks and legal, compliance and execution risks of operating internationally; the potential inability of the parties to successfully or timely consummate the proposed business combination; the risk that any regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the proposed business combination; the approval of the stockholders of Clean Earth is not obtained; the risk of failure to realize the anticipated benefits of the proposed business combination; the amount of redemption requests made by Clean Earth’s stockholders exceeds expectations or current market norms; the ability of Alternus or the combined company to obtain equity or other financing in connection with the proposed business combination or in the future; the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries; the risk that the proposed business combination disrupts current plans and operations as a result of the announcement and consummation of the Transaction; costs related to the proposed business combination; the impact of the global COVID-19 pandemic; the effects of inflation and changes in interest rates; an economic slowdown, recession or contraction of the global economy; a financial or liquidity crisis; geopolitical factors, including, but not limited to, the Russian invasion of Ukraine; global supply chain concerns; the status of debt and equity markets (including, market volatility and uncertainty); and other risks and uncertainties, including those risks to be included under the heading “Risk Factors” in the proxy statement to be filed by Clean Earth with the SEC and also those included under the heading “Risk Factors” in Clean Earth’s final prospectus relating to its initial public offering dated February 23, 2022 and Clean Earth’s other filings with the SEC.
If any of these risks materialize or Clean Earth’s and Alternus’ assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither Clean Earth nor Alternus presently know, or that neither Clean Earth nor Alternus currently believe are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Clean Earth’s and Alternus Energy’s expectations, plans or forecasts of future events and views as of the date of this press release. Clean Earth and Alternus Energy anticipate that subsequent events and developments will cause Clean Earth’s and Alternus Energy’s assessments to change. However, while Clean Earth and Alternus Energy may elect to update these forward-looking statements at some point in the future, Clean Earth and Alternus Energy specifically disclaim any obligation to do so. Neither Clean Earth nor Alternus anticipate that subsequent events and developments will cause Clean Earth’s and Alternus’ assessments to change. However, while Clean Earth and Alternus may elect to update these forward-looking statements at some point in the future, Clean Earth and Alternus specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing Clean Earth’s or Alternus’ assessments of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
Additional Information About the Proposed Business Combination and Where to Find It
In connection with the Proposed Business Combination, Clean Earth intends to file relevant materials with the with the SEC, including a proxy statement. Clean Earth urges its investors, shareholders and other interested persons to read, when available, the proxy statement filed with the SEC and documents incorporated by reference therein because these documents will contain important information about Clean Earth, Alternus Energy and the Proposed Business Combination. The final proxy statement a proxy card and other relevant documents will be mailed to the shareholders of Clean Earth as of the record date established for voting on the Proposed Business Combination and will contain important information about the Proposed Business Combination and related matters. Shareholders of Clean Earth and other interested persons are advised to read, when available, these materials (including any amendments or supplements thereto) and any other relevant documents in connection with Clean Earth’s solicitation of proxies for the meeting of shareholders to be held to approve, among other things, the Proposed Business Combination because they will contain important information about Clean Earth, Alternus Energy and the Proposed Business Combination. Shareholders will also be able to obtain copies of the preliminary proxy statement, the final proxy statement and other relevant materials in connection with the transaction without charge, once available, at the SEC’s website at www.sec.gov or by directing a request to: Clean Earth Acquisition Corp., Attention: Martha Ross, CFO & COO, telephone: (800) 508-1531. The information contained on, or that may be accessed through, the websites referenced in this Press release is not incorporated by reference into, and is not a part of, this press release.
Non-Solicitation
This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed business combination and shall not constitute an offer to sell or a solicitation of an offer to buy any securities nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act.
Alternus Energy Investor Contact:
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Tel: +1-913-815-1557
Clean Earth Investor Contact:
Matthew Devereaux
Clean Earth Acquisitions Corp.
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Tel: +1-800-508-1531
MZ Group:
Chris Tyson
Executive Vice President
MZ North America
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Tel: +1-949-491-8235
HARTFORD, Conn. & BOSTON--(BUSINESS WIRE)--Eversource Energy will webcast a conference call with financial analysts on Thursday, November 3, 2022, beginning at 9 a.m. Eastern Time, at which senior management will review the company’s financial performance through the third quarter of 2022.
This listen-only, live audio presentation will be accessible from the Investors section of the Eversource website at https://www.eversource.com/content/general/residential/about/investors/presentations-webcasts.
Eversource (NYSE: ES), celebrated as a national leader for its corporate citizenship, is the #1 energy company in Newsweek’s list of America’s Most Responsible Companies for 2021 and recognized as one of America’s Most JUST Companies. Eversource transmits and delivers electricity and natural gas and supplies water to approximately 4.4 million customers in Connecticut, Massachusetts and New Hampshire. The #1 energy efficiency provider in the nation, Eversource harnesses the commitment of approximately 9,200 employees across three states to build a single, united company around the mission of safely delivering reliable energy and water with superior customer service. The company is empowering a clean energy future in the Northeast, with nationally recognized energy efficiency solutions and successful programs to integrate new clean energy resources like solar, offshore wind, electric vehicles and battery storage, into the electric system. For more information, please visit eversource.com, and follow us on Twitter, Facebook, Instagram, and LinkedIn. For more information on our water services, visit aquarionwater.com.
Jeffrey R. Kotkin
860-665-5154
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MILPITAS, Calif.--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (“SolarEdge” or the “Company”) (NASDAQ: SEDG), a global leader in smart energy technology, today announced the release of its 2021 sustainability report, detailing progress made towards realizing the Company’s sustainability strategy in all Environment, Society, Governance (ESG) fields and representing its commitment to accountability and transparency to stakeholders.
Zvi Lando, Chief Executive Officer of SolarEdge, commented: “The subject of ‘energy’ has dominated global headlines in 2021 and especially in recent months. Whether it’s energy uncertainty due to global conflicts, the rising energy prices or energy legislations set to reduce the impact of climate change - energy has become a key factor that will shape our future. As a company dedicated to building a sustainable future through use of renewable energy, our sustainability strategy guides us to conduct our business responsibly, ethically, inclusively and efficiently, and we intend to continue this path to further deliver on our sustainability commitments.”
The report was prepared in accordance with the Global Reporting Initiative (GRI) Standards and the Sustainability Standards Accounting Board (SASB) Standard for Solar Technology and Project Developers, and summarizes the Company's global sustainability activities, performance and results from calendar year 2021. SolarEdge’s sustainability strategy leverages high-performance, smart energy technology to power the future of energy and aims to deliver positive impact for people and society.
The following lists some of the Report highlights:
To access SolarEdge’s full 2021 Sustainability Report
About SolarEdge
SolarEdge is a global leader in smart energy technology. By leveraging world-class engineering capabilities and with a relentless focus on innovation, SolarEdge creates smart energy solutions that power our lives and drive future progress. SolarEdge developed an intelligent inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge DC optimized inverter seeks to maximize power generation while lowering the cost of energy produced by the PV system. Continuing to advance smart energy, SolarEdge addresses a broad range of energy market segments through its PV, storage, EV charging, batteries, electric vehicle powertrains, and grid services solutions. SolarEdge is online at www.solaredge.com
Lily Salkin
Global Public and Media Relations Manager
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Dana Noyman
Head of Corporate Communications and Global PR
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MIRAMAR, Fla.--(BUSINESS WIRE)--CCP Capital Strategies LLC (“CCP”), a private equity investment firm, today announced that a newly formed CCP affiliate has acquired 100 percent of the stock of Wireless Maritime Services, LLC (“WMS”) from AT&T and Anuvu. Formed in 2005 and headquartered in Miramar, Florida, WMS provides maritime cellular networks enabling secure, high-performance connectivity at sea. WMS’ existing management team will continue to lead to the business, which will now operate as an independent platform.
“This transaction is an important milestone for WMS and we’re excited to partner with CCP to continue to deliver and innovate our best-in-class wireless offerings. Our focus will remain on our customers, employees and partners as we commence this new and exciting phase for WMS,” said Pramod Arora, WMS President & CEO.
“We’ve been close to the WMS story since 2006 when the company pioneered the maritime cellular market and we’re thrilled to partner with this team as the business transitions to be an independent platform,” said David Collier, CCP’s Managing Partner. “WMS’ market leadership positions it well to address a rapidly expanding opportunity for specialized wireless connectivity solutions.”
Moore & Van Allen and Morgan, Lewis and Bockius served as legal counsel to CCP. Drake Star Partners served as the exclusive financial advisor to AT&T and Anuvu. Kilpatrick Townsend & Stockton LLP and Wiley Rein LLP served as legal counsel to AT&T. Weil, Gotshal & Manges LLP served as legal counsel to Anuvu. Terms of the transaction were not disclosed.
About CCP Capital Strategies
CCP Capital is a private equity investment firm focused on companies operating in specialty communications, aerospace and government services. The firm specializes in working with founder-operators and in executing seamless divestitures to build best-in-class middle market companies. CCP has offices in Greenwich, CT and Atlanta, GA.
About WMS
WMS is a leading provider of maritime cellular networks, supporting the cruise, ferry, yacht and shipping industries worldwide. As award winning technology leaders, WMS enables digital transformation shaping the future of maritime by connecting people, data, and things through an exceptional wireless network experience. The company is headquartered in Miramar, FL with additional operations in Atlanta, GA.
Media
For WMS:
Lee Mabie
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For CCP:
David Collier
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Geoff Nattans
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PITTSBURGH--(BUSINESS WIRE)--With the U.S. targeting net-zero emissions by 2050, fast-tracking electric vehicle (EV) charging infrastructure is essential to realize decarbonization goals. Intelligent power management company Eaton announced its contract with the General Services Administration (GSA) was expanded to include EV supply equipment (EVSE) and services. Using the GSA schedule, Veterans Affairs (VA) is procuring Eaton Green Motion EV chargers for the VA Medical Center in Coatesville, Pa.
“For decades, federal agencies have relied on Eaton to advance sustainable, resilient electrical infrastructure projects,” said Jim Dankowski, Federal Government marketing director at Eaton. “Today, our longstanding government taskforce and energy transition team are also helping simplify every aspect of EVSE projects – from the charger to the grid. With one of the largest and most experienced teams of power system engineers in the industry, we’re ready to make electric transportation work efficiently, sustainably and safely.”
The company is steadily investing in its U.S. operations and manufacturing base to support increased customer demand for its solutions powering homes and businesses, including federal electrification projects. These investments include adding more than 1,000 U.S. jobs across manufacturing and business roles to its more than 26,000 U.S.-based employees located across 253 facilities.
The newest Eaton solutions and services included in the GSA blanket purchase agreement (BPA) include its smart breaker chargers and energy storage solutions. The GSA contract additions also provide a framework to support state and local government EVSE projects, including necessary upgrades and updates to building energy systems.
Learn more about Eaton's solutions for federal infrastructure initiatives.
Eaton is an intelligent power management company dedicated to improving the quality of life and protecting the environment for people everywhere. Eaton is guided by its commitment to do business right, operate sustainably, and help its customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, Eaton is accelerating the planet’s transition to renewable energy, helping to solve the world’s most urgent power management challenges, and doing what’s best for its stakeholders and all of society.
Founded in 1911, Eaton has been listed on the NYSE for nearly a century. We reported revenues of $19.6 billion in 2021 and serve customers in more than 170 countries. For more information, visit www.eaton.com. Follow us on Twitter and LinkedIn.
Hilary Spittle
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+1 (216) 712-2005
Regina Parundik, +1 (412) 559-1614
OSLO, Norway--(BUSINESS WIRE)--#Alkaline--Nel Hydrogen Electrolyser AS, a subsidiary of Nel ASA (Nel, OSE:NEL), has entered into a contract for alkaline electrolyser equipment from Australian company Woodside Energy for its proposed hydrogen project, H2OK, in Ardmore in the state of Oklahoma, US. The contract has a total value of about NOK 600 million.
“We are extremely proud to be elected by Woodside Energy, a quality company with a strong track record of developing high-quality assets, for this exciting and meaningful project”, says Nel’s CEO Håkon Volldal.
H2OK is Woodside’s first hydrogen project in the US, this equipment will support phase 1 of the proposed project (60 tpd). Woodside will site the facility in Ardmore, Oklahoma, an area well suited for hydrogen production with good availability of water and energy. The company will utilize these resources to produce liquid hydrogen to hydrogen fuel cell-powered commercial and heavy transport vehicles.
Woodside Energy is looking to expand its US footprint and is also working on two proposed hydrogen projects in Australia: H2Perth and H2Tas.
The contract with Woodside was signed only a couple of months after Nel received its record size 200 MW purchase order for another large-scale project in the US.
“The electrolyser market is developing favorably for Nel. We are now securing quality contracts with favorable terms and a manageable risk profile. The contract with Woodside will have a substantial positive financial impact on the company”, says Volldal.
“It is extremely exciting to work with the professional team at Woodside to realize a project such as this. The Ardmore project will become an excellent showcase for Nel’s electrolyser technology as it aims to enable broader utilization for renewable energy into transportation and industrial sectors” says Tom Skoczylas, Regional Sales Manager for Nel Hydrogen US.
The electrolyser stacks will be manufactured in Nel’s factory at Herøya, the world’s only fully automated electrolyser facility.
This is a firm purchase order for alkaline stacks, balance of stack (BoS) equipment and engineering for the balance of plant (BoP) equipment (which Woodside will provide). There are pass-through mechanisms for steel and nickel price increases. Woodside aims to proceed with FID in 2023. Production of electrodes is estimated throughout 2024.
About Nel ASA | www.nelhydrogen.com
Nel is a global, dedicated hydrogen company, delivering optimal solutions to produce, store, and distribute hydrogen from renewable energy. We serve industries, energy, and gas companies with leading hydrogen technology. Our roots date back to 1927, and since then, we have had a proud history of development and continuous improvement of hydrogen technologies. Today, our solutions cover the entire value chain: from hydrogen production technologies to hydrogen fueling stations, enabling industries to transition to green hydrogen, and providing fuel cell electric vehicles with the same fast fueling and long range as fossil-fueled vehicles - without the emissions.
Kjell Christian Bjørnsen, CFO, +47 917 02 097
Wilhelm Flinder, Head of Investor Relations, +47 936 11 350
Lars Nermoen, Head of Communications, + 47 902 40 153
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To limit global warming and mitigate the worst impacts of climate change and climate variability, MCB recognises the need for countries around the world to steadily shift to low-carbon development
PORT LOUIS, Mauritius--(BUSINESS WIRE)--Mauritius Commercial Bank (MCB) Ltd (https://www.MCB.mu), the banking arm of MCB Group, ambitions to become a more prominent player in the African energy landscape, by financing and supporting electrification projects that encourage the use of renewable energy. In this respect, MCB has recently participated in three landmark projects in Ghana, Rwanda and Nigeria. These projects are crucial milestones in the electrification goals of these respective countries and in their transition from fossil energy to more renewable, low-carbon energy sources. Prior to joining those three projects, MCB applied the Equator Principles to proactively identify and mitigate environmental and social risks.
Zaahir Sulliman, Head of Specialised Finance, MCB: “We are proud to contribute to these important electrification goals and the transition to more renewable energy sources”
Make a difference in Ghana
In July, Genser Energy announced it successfully closed an 8-year USD 425m funding package, which will be used to refinance existing debt and finance crucial electrification projects in Ghana. The funds will allow for a 100km natural gas pipeline to Kumasi, Ghana’s largest city, a 200mmscfd gas conditioning plant at Prestea and a Liquid Natural Gas (LNG) storage terminal at Takoradi port. Genser Energy ambitions to achieve net zero carbon by 2035.
As per Genser Energy, the construction of the natural gas pipeline to Kumasi and the gas processing plant in Prestea will have significant economic and environmental benefits not only for Genser but also for Ghana and the West African sub-region. The transaction will support Genser’s diversification from power to the gas midstream sector and mark a significant milestone in its decarbonization strategy to achieve net zero carbon by 2035 whilst contributing significantly to Ghana’s national climate change targets on emission reduction.
The availability of cheaper and readily accessible piped natural gas in Kumasi and the central belt of Ghana via the new pipeline will encourage industries to switch from imported trucked diesel and heavy fuel oil (HFO) to indigenous natural gas as a low-carbon intensive fuel. The pipeline will also support relocation of power plants from coastal regions to reduce line losses and improve efficiency on the national grid. Moreover, the gas conditioning plant will produce cleaner fuels and establish Ghana as a significant producer and exporter of LNGs. Moreover, the gas conditioning plant will produce cleaner fuels and establish Ghana as a significant producer and exporter of natural gas liquids. This demonstrates the potential of natural gas to act as a transition fuel that can help Africa achieve its development agenda.
Supporting Nigeria’s gas-to-power programme
MCB, as co-Mandated Lead Arranger, assisted in structuring and raising USD260MM in debt to fund the completion of the ANOH Gas Processing Plant.
Despite significant untapped reserves, domestic utilisation of gas remains low due to lack of infrastructure. Gas development and infrastructure projects will address this imbalance and result in significantly higher rates of gas utilisation for domestic use.
Assa North-Ohaji South (“ANOH”) is a conventional gas development located onshore Nigeria which will supply AGPC with the feedstock gas and is operated by the Shell Petroleum Development Company of Nigeria. The gas infrastructure development project is one of seven critical gas development projects earmarked by the Nigerian National Petroleum Corporation (“NNPC”) and the Ministry of Petroleum to bridge the demand-supply gap in the Nigerian domestic gas market.
The 300MMscfd capacity ANOH plant, located in OML53 in Imo State, is being built by ANOH Gas Processing Company Ltd (“AGPC”) which is equally owned by the Nigerian Gas Company Limited (“NGCL”) and Seplat Energy Plc. Seplat is already a leading provider of natural gas to Nigeria’s power sector, supplying up to 30% of Nigeria’s domestic grid in 2021.
A prominent player in Rwanda’s Omnihydro project
Last June, the Omnihydro hydroelectric powerplant was inaugurated in the district of Nyamagabe, Rwanda. This project, implemented by Omnicane, a Mauritian company, and financed by MCB, the leading bank in Mauritius, , came to fruition under a Special Purpose Vehicle (SPV) incorporated in Rwanda and operating under the name of Omnihydro Ltd. The facility has one common powerhouse with two different intakes, one on Mushishito river and the other one on Rukarara river. This power plant intends to reduce CO2 emissions by approximately 14,500 tons per year. The hydropower plant is expected to power on average an equivalent of 175,000 homes with clean energy. The small dams constructed on the Mushishito and Rukarara rivers protect communities against floods and droughts, whilst providing more than new 600 jobs during the implementation of the project.
How MCB can help
To limit global warming and mitigate climate change’s worst impacts, MCB recognises the need for countries around the world to transition to low-carbon economies. This is particularly important for Africa, as existing development challenges such as poverty, food insecurity and instability make it the continent most vulnerable to climate change. However, MCB also recognises Africa’s complicated energy requirements and the challenge in balancing economic and social progress and access to energy with climate goals.
Africa has the lowest rate of energy access globally – it is estimated that 600 million people lack access to electricity and more than 930 million lack access to clean cooking fuels. While there has been increased investment in the continent’s vast renewable energy potential, this is insufficient to meet growing energy demands. To achieve the continent’s growing electricity needs and help reach its renewable energy goals, MCB can be a financial partner and arranger of choice.
Commenting on MCB’s strong involvement in these projects and its ambition to accompany African countries’ transition to more renewable energy sources, Zaahir Sulliman, Head of Specialised Finance, MCB, said: “We are proud to be contributing towards Ghana, Rwanda and Nigeria’s universal electrification and their respective objective to drive sustainable development goals of meeting universal energy demand, whilst optimising production, minimising costs, and reducing emissions”.
Mr. Sulliman added: “MCB is aware of its responsibility in the face of the climatic emergency and has already committed to stop financing new coal power-plants and discontinue the trade financing of both thermal and metallurgical coal. We believe that the financing of LPG and natural gas will form part of MCB’s gradual energy transition strategy, which builds on our previous commitment to stop all new financing of coal infrastructure and trade worldwide. Financing more sustainable energy projects is a first step in the right direction and we look forward to continuing to support client projects that drive energy transition through responsible consumption and production in an endeavour to improve living standards”.
Distributed by APO Group on behalf of The Mauritius Commercial Bank Ltd (MCB).
Download image: https://bit.ly/3EVBY4a (Zaahir Sulliman, Head of Specialised Finance, MCB)
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FELTRE, Italy--(BUSINESS WIRE)--$SZ #GlobalFortune500--A new air-to-water(ATW) heat pump production base of Midea, including production lines, heat pump R&D center and supporting facilities , starts construction in Italy officially. The base is located in the Clivet factory in Feltre of Italy, as Clivet is a high-end commercial air-conditioning brand under Midea Building Technology.
The base has received a 60 million euros investment, and its forecast annual ATW heat pump capacity will reach 300,000 units when the facility to be put into operation in the second quarter of 2024.
"With the concept of 'local for local，western for western', Midea is committed to building Clivet brand into a mainstream brand in the pan-European HVAC industry," Cheng Lin, general manager of Midea Building Technology Overseas Marketing.
The company's production and operating area in Feltre exceeds 50,000 square meters and the total number of employees exceeds 700. It has 35 sales offices, 260 retailer channels and 160 service outlets in Italy with branches in the UK, Germany, France, Southeast Europe, the United Arab Emirates and India.
After completion, the key materials of ATW heat pump such as water pump and plate exchange will be sourced from Europe, and the delivery time of heat pump products will be cut from the original five months to one month, which will further improve the production capacity and delivery efficiency of the overall customized heat pump solutions in Europe, solving the safety problems of the global heat pump supply chain, and comprehensively enhancing the influence and comprehensive competition of Media Building Technology in the European.
Amid the background of carbon neutrality, ATW heat pump, as a renewable energy utilization device, is one of the most efficient ways of electric heating. Compared with coal-fired boilers, heat pumps can reduce carbon emissions by 60-80 percent. Under the background of rising fossil energy prices and the gradual implementation of the EU's "RepowerEU" plan, Europe has begun to gradually replace traditional fossil fuel heating with heat pump heating.
At present, heat pump products are also becoming an important growth pole of Midea Group. Data from industry data showed that Midea's overall heat pump export has increased by 215 percent in the first seven months of this year, with the exports ranking in the forefront of China's heat pump industry.
Lori Luo
+8613512784739
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KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P. (NASDAQ: MMLP) (“MMLP” or the “Partnership”) plans to release its financial results for the third quarter ended September 30, 2022 after the market closes on November 2, 2022.
An investors’ conference call to review the first quarter results will be held the following day.
Date: Thursday, November 3, 2022
Time: 8:00 a.m. CT (please dial in by 7:55 a.m.)
Dial In #: (888) 330-2384
Conference ID: 8536096
Replay Dial In # (800) 770-2030 – Conference ID: 8536096
A webcast of the conference call will also be available by visiting the Events and Presentations section under Investor Relations on our website at www.MMLP.com.
During the conference call, management will discuss certain non-generally accepted accounting principle financial measures for which reconciliations to the most directly comparable GAAP financial measures will be provided in Martin Midstream Partners’ announcement concerning its financial results for the quarter ended September 30, 2022, along with an archive of the replay.
About Martin Midstream Partners
MMLP, headquartered in Kilgore, Texas, is a publicly traded limited partnership with a diverse set of operations focused primarily in the Gulf Coast region of the United States. MMLP’s primary business lines include: (1) terminalling, processing, storage, and packaging services for petroleum products and by-products; (2) land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; (3) sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and (4) natural gas liquids marketing, distribution, and transportation services. To learn more, visit www.MMLP.com. Follow Martin Midstream Partners L.P. on LinkedIn and Facebook.
MMLP-F
Sharon Taylor
Chief Financial Officer
(877) 256-6644
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HOUSTON--(BUSINESS WIRE)--Gulf Coast Ultra Deep Royalty Trust (OTC Pink: GULTU) (the Trust) announced today that it will distribute to unitholders a cash distribution totaling $657,410 for the quarter ended September 30, 2022. Unitholders of record on October 28, 2022 will receive a cash distribution of $0.002856 per unit payable on November 14, 2022.
Natural gas (Mcf) sales volumes, average sales price and net cash proceeds available for distribution for the quarter ended September 30, 2022 are set forth in the table below:
Natural gas (Mcf) sales volumes (a) |
|
104,953 |
|
|
Natural gas (per Mcf) average sales price |
$ |
7.97 |
|
|
Gross proceeds |
$ |
836,099 |
|
|
Post-production costs and specified taxes |
|
(45,034 |
) |
|
Royalty income |
|
791,065 |
|
|
Interest and dividend income |
|
2,296 |
|
|
Administrative expenses |
|
(127,201 |
) |
|
Income in excess of administrative expenses |
|
666,160 |
|
|
Increase in minimum cash reserve |
|
(8,750 |
) |
|
Cash proceeds available for distribution |
$ |
657,410 |
|
(a) Attributable to the onshore Highlander subject interest which is the only subject interest with commercial production.
About Gulf Coast Ultra Deep Royalty Trust. The Trust is a Delaware statutory trust created to hold a 5% gross overriding royalty interest in future production from specified Inboard Lower Tertiary/Cretaceous exploration prospects located in the shallow waters of the Gulf of Mexico and onshore in South Louisiana that existed as of December 5, 2012, which are collectively referred to as subject interests. The subject interests and the Trust’s overriding royalty interests are described in the Trust’s filings with the Securities and Exchange Commission (SEC). As described in the Trust’s SEC filings, future distributions are not guaranteed and will depend on the proceeds received by the Trust as a result of actual production volumes, oil and gas prices, post-production costs and specified taxes, and the amount and timing of the Trust’s administrative expenses, among other factors. For additional information on the Trust, please visit http://gultu.q4web.com/home/default.aspx.
Cautionary Statement Regarding Forward-Looking Information. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are all statements other than statements of historical facts, such as any statements regarding the amount and date of quarterly distributions to unitholders. Forward-looking statements are not guarantees or assurances of future performance and actual results may differ materially from those anticipated, projected or assumed in the forward-looking statements. Important factors that may cause actual results to differ materially from those anticipated by the forward-looking statements include, but are not limited to, the amount of cash received or expected to be received by the Trustee from the underlying properties on or prior to a record date for a quarterly cash distribution. Any differences in actual cash receipts by the Trust could affect the amount of quarterly cash distributions. Other important factors that may cause actual results to differ materially include risks inherent in production of oil and gas properties, the ability of commodity purchasers to make payment, the economic effects of the COVID-19 pandemic and federal, state and local governmental actions in response to the pandemic, and other risk factors described in the Trust’s Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC. The Trust's annual, quarterly and other filed reports are or will be available over the Internet at the SEC's website at http://www.sec.gov. Statements made in this press release are qualified by the cautionary statements made in this press release. The Trust cautions investors that it does not intend, and assumes no obligation, to update any of the statements included in this press release.
The Bank of New York Mellon Trust Company, N.A. serves as trustee of the Trust. If you have any questions related to the Trust, please see below for contact information:
Gulf Coast Ultra Deep Royalty Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Sarah Newell
(512) 236-6555
Over 51 GW of solar projects were acquired in the first nine months of the year
AUSTIN, Texas--(BUSINESS WIRE)--#9M--Mercom Capital Group, a global clean energy communications and consulting firm, released its report on funding and merger and acquisition (M&A) activity for the solar sector in the third quarter (Q3) and the first nine months (9M) of 2022.
Get the report: https://mercomcapital.com/product/9m-q3-2022-solar-funding-ma-report/
Total corporate funding (including venture capital funding, public market, and debt financing) in 9M 2022 stood at $18.7 billion, 18% lower compared to $22.8 billion raised in 9M 2021. The number of deals increased 17% year-over-year, with 131 in 9M 2022 compared to 112 in 9M 2021.
Chart: Solar Corporate funding 9M 2022
"Corporate funding in 9M 2022 is behind pace year-over-year, impacted by inflation and high-interest rates but is still ahead compared to the previous six years. There is renewed momentum after the passing of the Inflation Reduction Act. We have seen a resurgence in VC and private equity funding, breaking funding records since 2010. There is no longer any doubt about the growth potential of the solar industry - it is now a race to acquire the right technology and portfolios to scale," said Raj Prabhu, CEO of Mercom Capital Group.
In 9M 2022, VC funding rose to $5.5 billion in 72 deals.
The top VC deals in 9M 2022 were: $750 million raised by Intersect Power, $500 million raised by Longroad Energy, $375 million raised by Palmetto, $360 million by Gokin Solar, $350 million raised by Agilitas Energy, $260 million raised by Sun King.
Top Solar VC-funded Companies 9M 2022
Solar public market financing in 9M 2022 was 22% lower YoY, with $4.9 billion in 11 deals.
Announced solar debt financing in 9M 2022 was 42% lower totaling $8.3 billion in 48 deals.
In 9M 2022, eight securitization deals totaled $2.3 billion a 28% decrease.
In 9M 2022, there were 90 corporate solar M&A transactions compared to 80 in 9M 2021.
Chart: Top Solar M&A Transactions 9M 2022
In 9M 2022, 207 solar projects were acquired for 52 GW.
Chart: Solar Project Acquirers in 9M 2022
Project Developers and Independent Power Producers were the most active acquirers of solar projects in Q3 2022, with 10.8 GW.
227 companies and investors are covered in this 100-page report.
Get the report: https://mercomcapital.com/product/9m-q3-2022-solar-funding-ma-report/
About Mercom Capital Group
Mercom Capital Group is a global communications and consulting firm focused on clean energy. Mercom produces funding and market intelligence reports covering Solar and Battery Storage/Smart Grid/Efficiency. Mercom advises cleantech companies on new market entry, custom market intelligence, and strategic decision-making. https://www.mercomcapital.com.
Wendy Prabhu
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HOUSTON--(BUSINESS WIRE)--Microvast Holdings, Inc. (NASDAQ: MVST), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, today announced its participation in a mining industry electrification consortium led by Shell.
The consortium’s pilot offering of electrification solutions for off-road mining vehicles aims to advance the electrification of mining sites and reduce emissions by shifting away from a long-standing reliance on diesel - without compromising on safety or operational efficiency. Shell, together with the consortium members, wants to offer an end-to end, interoperable and modular solution for the mining industry, including power provisioning and microgrids, ultra-fast charging and in-vehicle energy storage.
Within the consortium, Microvast has been tasked with delivering a custom high-powered battery solution with ultrafast charging capabilities. The ultra-high voltage (>1000 VDC) lithium titanium oxide (LTO) lithium-ion battery system to be developed by Microvast, with extremely high C-rate capability and long cycle life of up to 20,000 cycles under normal operating conditions, will be critical to enable the high-power, ultrafast charging and heavy duty use solution that the consortium is chartered to deliver. Microvast’s LTO battery system is expected to achieve best-in-class energy density, ensuring that sufficient energy is delivered for the application, while meeting space and weight restrictions.
Microvast delivered its first LTO battery for electric vehicle applications in 2011 and has more than a decade of experience in LTO lithium-ion battery development, manufacturing and deployment. High voltage LTO batteries are also suitable for applications in other industries such as engineering equipment, rail transportation, marine, and energy storage.
“We are proud to partner with Shell and the consortium, working together to accelerate industrial decarbonisation efforts,” said Sascha Kelterborn, President and Chief Revenue Officer at Microvast. “Shell's commitment to sustainable initiatives and net-zero emissions is inspiring and we are excited for our innovative battery solutions to become a part of their electrification journey.”
“The challenge of decarbonisation is immense, but not impossible – providing collaboration and innovation go hand in hand,” said Grischa Sauerberg, Vice President, Sectoral Decarbonisation & Innovation at Shell. “To overcome these challenges and unlock these opportunities, Shell is helping to bring together some of the sector’s most innovative companies – with electrification proving an important first step towards the shaping of a clear decarbonisation pathway.”
For additional information, please visit: https://www.shell.com/business-customers/sectoral-decarbonisation/shell-builds-a-winning-consortium-to-accelerate-the-electrification-of-off-road-mining-vehicles.html
About Microvast
Founded in Houston, Texas in 2006 as a research and technology driven company, Microvast has evolved into a global leader in the design, development and manufacture of battery solutions for mobile and stationary applications. Microvast provides a broad portfolio of fast-charging lithium-ion battery solutions, with different chemistries, performance characteristics and price points to meet the diverse requirements of its customer base. Microvast is renowned for its cutting-edge cell technology and its vertical integration capabilities which extend from core battery chemistry (cathode, anode, electrolyte, and separator) to modules and packs.
Since placing its first battery systems into operation in electric buses more than a decade ago, Microvast has expanded its business to serve a broad range of commercial, passenger and specialty vehicles, including mining, material handling, and power vehicles and equipment, as well as grid-scale energy storage applications.
For more information, please visit www.microvast.com or follow us on LinkedIn or Twitter (@microvast).
About Shell Mining
With 80,000+ employees across 70+ countries, Shell works with global industries to accelerate the transition to net-zero emissions by providing more and cleaner energy solutions. Shell’s target is to become a net-zero business by 2050, which supports the ambitious goal to tackle climate change laid out in the UN Paris Agreement: to limit the rise in average global temperature to 1.5° Celsius.
To help transform industries, Shell has created the Shell Sectors & Decarbonisation (S&D) business. This is comprised of teams with specific sectoral experience who support companies that operate in hard-to-abate sectors to avoid, reduce and mitigate their emissions. Shell S&D provides these customers with the products and solutions required today, while working together to meet their fast-evolving needs.
Shell Mining works across the entire mining value chain – from hauling to processing and beyond – to identify and develop decarbonisation strategies, pathways and solutions that help unlock efficient operations and sustainable practices. Shell’s sectoral approach allows the mining team to apply its deep industry knowledge and expertise, while working closely with customers to develop highly tailored solutions. In doing so, Shell Mining sees collaboration as a critical part of innovation and a crucial lever for emissions reduction across the sector.
Cautionary Statement Regarding Forward-Looking Statements
This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about future financial and operating results, our plans, objectives, expectations and intentions with respect to future operations, products and services; and other statements identified by words such as “will likely result,” “are expected to,” “will continue,” “is anticipated,” “estimated,” “believe,” “intend,” “plan,” “projection,” “outlook” or words of similar meaning. These forward-looking statements include, but are not limited to, statements regarding Microvast’s industry and market sizes, future opportunities for Microvast and the combined company and Microvast’s estimated future results. Such forward-looking statements are based upon the current beliefs and expectations of our management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are difficult to predict and generally beyond our control. Actual results and the timing of events may differ materially from the results anticipated in these forward-looking statements.
Investor Relations:
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Molly Morris to lead Equinor Wind US
STAMFORD, Conn.--(BUSINESS WIRE)--Equinor today announced that Molly Morris will serve as the new President of Equinor Wind US, effective January 1, 2023, succeeding Siri Espedal Kindem, who will take on a new exciting opportunity within Equinor.
Morris joined Equinor in 2008 and has since taken on a variety of important roles in the company. Currently serving under Espedal Kindem as Special Advisor, Morris has held multiple leadership positions within Equinor, both in the U.S. and in Norway. Her experience includes overseeing one of the company’s commodities trading desks in Stamford, CT and, prior to returning to the U.S., as Senior Vice President, Crude, Liquids and Products in Norway. Morris has been a leader in the company’s priority focus on sustainability. She holds a Bachelor of Science degree in Chemical Engineering from Villanova University.
“One of my main priorities has been to build a strong leadership team and to find a local successor for my position to continue shaping and guiding the development of our US renewables business. Molly has established a strong track record of success in each position she has held at Equinor and is ideally placed to take on this role,” said Siri Espedal Kindem, President Equinor Wind US. “As Special Advisor for the past five months, she has had the opportunity to learn about the growing renewables business and become deeply involved in the development of Equinor’s offshore wind business in the US, ensuring a smooth leadership transition.”
“Equinor is leading a new industry in the United States that is creating thousands of jobs while generating homegrown, renewable energy for millions of Americans,” said Morris. “I’m excited to ensure that Equinor continues to successfully develop its current portfolio of offshore wind projects and build on this record of achievement as offshore wind development expands to new and exciting markets in the United States.”
”Under Siri’s leadership, Equinor has achieved several significant milestones, including the selection of Empire 2 and Beacon 1 to provide New York with offshore wind power in one of the largest ever renewable energy procurements in the U.S. I thank Siri for taking Equinor’s position as a leader in the U.S. offshore wind industry to the next level,” said Pål Eitrheim, EVP, Renewables at Equinor. “Molly has a deep understanding of US energy markets which makes her well positioned to take on this role at this juncture in Equinor’s growth in the US renewables sector.”
Equinor’s growing portfolio of offshore wind projects in the U.S. include Empire Wind 1, Empire Wind 2 and Beacon Wind 1, which together will produce enough electricity to power approximately two million homes and generate more than $1 billion in economic output in the region.
ABOUT EQUINOR RENEWABLES US
Equinor is one of the largest offshore wind developers in the U.S., where it is developing two lease areas it will operate, Empire Wind and Beacon Wind. The projects plan to provide New York State with 3.3 gigawatts (GWs) of energy—enough to power nearly two million homes—including more than 2 GWs from Empire Wind and 1,230 megawatts from Beacon Wind 1.
Empire Wind and Beacon Wind are being developed by Equinor and bp through their 50-50 strategic partnership in the US.
ABOUT EMPIRE WIND
Empire Wind will be a major contributor to meeting New York State’s ambitious clean energy and climate goals. When completed, Empire Wind will power more than 1 million New York homes. Empire Wind is located 15-30 miles southeast of Long Island and spans 80,000 acres, with water depths of between 65 and 131 feet. The lease was acquired in 2017 and is being developed in two phases (Empire Wind 1 and 2) with a total installed capacity of more than 2 GW (816 + 1,260 MW).
ABOUT BEACON WIND
Beacon Wind is planned for an area of 128,000 acres in federal waters between Cape Cod and Long Island. The lease area was acquired in 2019 and is being developed in two phases. Beacon Wind 1 is on track to deliver 1.2 GW of renewable energy directly to New York City in the late 2020s – enough to power 1 million homes. Beacon Wind 2 has the capacity to generate another 1.2 GW of clean energy for consumers in the US Northeast.
Lauren Shane, senior communications manager, Equinor Renewables US:
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GRC’s Chief Revenue Officer Jim Weynand will join data centre and telecom experts to discuss immersion cooling as a key component in reducing the consumption of natural resources by telco infrastructure
LONDON--(BUSINESS WIRE)--GRC (Green Revolution Cooling), the leader in immersion cooling for data centres, announced today that Chief Revenue Officer Jim Weynand will join a panel to discuss how immersion cooling is a necessity for ensuring sustainability in telecom deployments at Capacity Europe 2022 in London, taking place October 17-20 at the InterContinental London – The O2 in Greenwich. His panel is titled Utilising Our Environment’s Natural Resources in Your Telco Infrastructure Strategy and will take place on October 19 at 15:55-16:35 GMT.
Liquid immersion cooling is positioned to be the primary technology enabling sustainability for data centres today and into the future, to equip data centres to tackle rising energy costs and server energy consumption, and facilitate Environmental, Social & Governance (ESG) policies. With data centres striving to meet the European Commission’s climate neutral targets by 2030, immersion cooling is a critical component of any sustainability-oriented solution.
Jim will join co-presenters Ali Moinuddin of Uptime Institute, Colm Shorten of JLL, Dominic Ward from Verne Global, Gary Aitkenhead of Equinix, and Lex Coors from Digital Realty to discuss running ICT infrastructure facilities like data centres close to where power is generated, the industry’s goal to meet European Commission’s climate neutral targets by 2030, and defining your market by latency rather than by geography.
“Capacity Europe is an exciting opportunity to discuss the environmental sustainability impact of immersion cooling,” said Jim Weynand, Chief Revenue Officer at GRC. “I’m thrilled to be joining these global leaders to help data centre designers and operators learn how immersion can address their cooling needs and power consumption challenges with a sustainable, responsible, and efficient infrastructure.”
About GRC
GRC is The Immersion Cooling Authority®. The company's patented immersion-cooling technology radically simplifies deployment of data centre cooling infrastructure. By eliminating the need for chillers, CRACs, air handlers, humidity controls, and other conventional cooling components, enterprises reduce their data centre design, build, energy, and maintenance costs. GRC’s solutions are deployed in twenty-one countries and are ideal for next-gen applications platforms, including artificial intelligence, blockchain, HPC, 5G, and other edge computing and core applications. Their systems are environmentally resilient, sustainable, and space saving, making it possible to deploy them in virtually any location with minimal lead time. Visit http://grcooling.com for more information.
Milldam Public Relations
Adam Waitkunas
978-828-8304 (mobile)
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The accolade recognizes individuals and companies as champions of dealmaking
FORT WORTH, Texas--(BUSINESS WIRE)--#Energy--In celebration of 30 years of dealmaking, NAPE Expo LP is launching the NAPE Hall of Fame.
Individuals and companies making up the inaugural class of NAPE Hall of Fame inductees are dealmaking luminaries:
Jack Deeter (posthumous)
Mike Grimm
Hellen Reasoner Hutchison
Marty Searcy
BPX Energy (Amoco, Arco, Vastar, BP)
Chevron (Unocal)
Oxy (UPRC, Anadarko)
“On behalf of the NAPE Operators Committee, NAPE Advisory Board and entire NAPE community, we wanted to thank as well as recognize these dealmaking leaders for their unwavering support of NAPE and the energy industry. As champions of dealmaking and innovation, they help empower the industry that powers the world,” said David Cape, CPL, chair of the NAPE Operators Committee.
NAPE came from humble beginnings. Three decades ago, members of the American Association of Professional Landmen envisioned creating a new type of marketplace for buying, selling and trading prospects and producing properties. The first NAPE expo was held in 1993 in a single ballroom at the Westin Galleria Hotel in Houston with 781 attendees. While some early naysayers likened it to a starving artist sale, NAPE quickly gained momentum. Adding the Independent Petroleum Association of America, Society of Exploration Geophysicists and American Association of Petroleum Geologists as partner hosts, NAPE continued to expand and innovate, and now it is the largest energy prospect expo in the world, providing unmatched venues for energy professionals to meet, network, learn and do business.
“Thanks to the vision, leadership and tenacity of NAPE’s founders and early supporters, NAPE has grown into the premier marketplace for dealmaking, connecting and sharing innovative ideas. We are thrilled to celebrate our inaugural Hall of Fame inductees and recognize their role in creating the place where deals happen,” said Grant Johnson, RPL, chair of the NAPE Advisory Board.
During the upcoming NAPE Classic Plus event, the NAPE Hall of Fame Class of 2023 will be officially recognized at the NAPE 30th Anniversary Kickoff Party at Saint Arnold Brewing Company in Houston on Oct. 25. To register, visit napeexpo.com/nape-classic.
Inductees will also be honored at a special Hall of Fame area at NAPE Summit in February. To register, visit napeexpo.com/summit.
“The secret to NAPE’s longevity is it is made up of a community of visionary and innovative dealmakers who are truly champions for the energy industry,” said Le’Ann P. Callihan, vice president of NAPE and AAPL. “NAPE is unique in that it is brought to industry by four not-for-profit organizations, which means all profits from NAPE events go back to AAPL, IPAA, SEG and AAPG to support scholarships, education, advocacy and other initiatives that benefit the entire energy industry. That’s something very special.”
About NAPE
The largest energy prospect expo in the world, NAPE was founded in 1993 by the American Association of Professional Landmen and now also includes the Independent Petroleum Association of America, Society of Exploration Geophysicists and American Association of Petroleum Geologists as partner hosts. The annual NAPE Summit brings together prospects and all the key players needed to evaluate, facilitate and execute deals. The 2023 NAPE Summit will be held Feb. 1-3 at the George R. Brown Convention Center in Houston. To stay connected on all things NAPE, please visit NAPEexpo.com and follow NAPE on Twitter @NAPE_EXPO, Facebook @NAPEexpo, Instagram @napeexpo and LinkedIn.
Caleb Rogers
817-847-7700
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DUBLIN--(BUSINESS WIRE)--The "Oil and Gas Construction Projects Overview and Analytics by Stages, Key Countries and Players (Contractors, Consultants and Project Owners), 2022 Update" report has been added to ResearchAndMarkets.com's offering.
This report provides a detailed analysis of oil and gas construction projects globally, based on projects tracked by the publisher.
The publisher is currently tracking oil and gas construction projects with a total value of $3.46 trillion at all stages from announced to execution. This pipeline mostly comprises production facilities, liquefaction plants, refineries, pipelines, and storage tanks.
Scope
Reasons to Buy
Key Topics Covered:
For more information about this report visit https://www.researchandmarkets.com/r/chflyl
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Japan Diesel Generator Set Market Size and Share Analysis by Power Rating (5-75kVA, 76-375 kVA, 376-750 kVA, Above 750 kVA), Application (Commercial, Industrial, Residential) - Growth Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
Japan diesel generator set market was about $1,120 million in 2021, which will experience a growth rate of more than 5% over this decade, to reach an approximate value of $1,816 million by 2030.
The growth of the market will be driven by the surge in the urban population and the high frequency of power cuts in most areas of Japan, majorly because of natural calamities.
Among Japan's 47 prefectures, only seven have fewer than 1 million people. As per the World Bank, Japan's urban population increased to about 92% in 2020. Therefore, its urban areas require a massive amount of electrical power for meeting the ends of the population. Hence, the rising demand for backup power is providing impetus to genset sales.
Generators of ratings above 750 kVA have the highest demand in the Japan diesel generator set market, and their sales will grow at a rate of about 5% during 2021-2030. The demand for them mainly arises in the commercial and industrial sectors, which comprise a large share, of about 70%, of the electricity demand in Japan. Moreover, due to power cuts owing to Japan's geographical location and weather conditions, the need for these generators is high in the industrial sector.
The commercial sector generates the highest demand for generator sets in Japan, and this category will grow at a rate of around 6% in the coming years. Both the hotel and retail sectors are expanding in the country because of the domestic company divestitures. Furthermore, for delivering all sorts of products and services, roads and highways are being constructed, thus driving the Japan diesel generator set market growth.
In addition, despite being one of the most-developed nations in the world, there are frequent power outages in Japan. For example, in May 2021, around 9,000 houses had a power cut in Ayase City because of a problem in power transmission.
Key businesses in the Japan diesel generator set market focus on the innovation of the mechanism and power system of these systems, for meeting the specific requirements of different sectors. For example, Cummins Inc., in January 2022, introduced the C550D5 and C500D6 series diesel gensets for prime and standby use, worldwide. This series will offer a higher power concentration as compared to 15- and 16-liter alternatives with an output of 42 kVA per liter.
Market Dynamics
Trends
Drivers
Restraints
Impact of COVID-19
Porter's Five Forces Analysis
Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/7xy0sj
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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PORTLAND, Ore.--(BUSINESS WIRE)--Northwest Natural Holding Company (NYSE: NWN) (NW Natural Holdings) announced today it will issue its third quarter and year-to-date 2022 earnings release and conduct an analyst conference call and webcast to review results at 8 a.m. Pacific Time (11 a.m. Eastern Time) on Tuesday, Nov. 8, 2022.
To hear the conference by webcast, log on to NW Natural Holdings’ corporate website at ir.nwnaturalholdings.com. To hear the conference call by phone, please dial 1-844-200-6205 within the United States and enter the conference access code 485752. To join the call from Canada please dial 1-833-950-0062 and international callers can dial 1-929-526-1599 and access code 485752.
To access the conference replay, please call 1-866-813-9403 within the United States and enter the conference identification access code 664421. To hear the replay from Canada, please dial 1-226-828-7578 and from all other locations, please dial +44-204-525-0658.
About NW Natural Holdings
Northwest Natural Holding Company, (NYSE: NWN) (NW Natural Holdings), is headquartered in Portland, Oregon and has been doing business for more than 160 years. It owns Northwest Natural Gas Company (NW Natural), NW Natural Water Company (NW Natural Water), NW Natural Renewables Holdings (NW Natural Renewables), and other business interests.
NW Natural is a local distribution company that currently provides natural gas service to approximately 2.5 million people in more than 140 communities through more than 790,000 meters in Oregon and Southwest Washington with one of the most modern pipeline systems in the nation. NW Natural consistently leads the industry with high J.D. Power & Associates customer satisfaction scores. NW Natural owns and operates 21 Bcf of underground gas storage capacity in Oregon.
NW Natural Water currently provides water distribution and wastewater services to 150,000 people through approximately 60,000 connections for communities throughout the Pacific Northwest, Texas and Arizona. Learn more about our water business at nwnaturalwater.com.
Additional information is available at nwnaturalholdings.com.
Investor Contact:
Nikki Sparley
Phone: 503-721-2530
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Media Contact:
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BOULDER, Colo.--(BUSINESS WIRE)--Catalyze, a clean energy transition company that builds, owns and operates solar, battery storage and electric vehicle (EV) charging systems for commercial and industrial customers, announced the expansion of its executive suite with the hires of four energy sector veterans. Former electric power industry executive Brian McDonald joins as EVP/Chief Operations Officer (COO), former digital solutions and demand response executive Terrill Laughton joins as Chief Commercial Officer (CCO), energy sector supply chain executive Joseph Kiwak joins as Senior Vice President (SVP) of Supply Chain Management, and former Tesla and SolarCity leader Tristan Glenwright joins as Vice President (VP) of Energy Storage Solutions.
As the power, transportation and building sectors work to transition to zero-emission energy sources, clean energy companies are attracting industry veterans who recognize the opportunity to be a part of the innovative solutions that offer lower costs and greater reliability. Catalyze’s new additions to its leadership team will play a critical role in enhancing the company’s ability to deliver sustainable, profitable and simplified energy solutions nationwide.
"As our company continues to grow, we are committed to building a seasoned team that shares the knowledge, experience and passion needed to deliver on the promise of decarbonizing commercial real estate," said Steve Luker, CEO of Catalyze. "We couldn’t be more excited to welcome Brian, Terrill, Joseph and Tristan to the Catalyze family. With impressive track records of executing large scale strategic initiatives across the clean energy industry, I am confident that our new executive team members will help bring our solutions to more partners than ever before in 2023 and beyond."
McDonald joins the executive leadership team as EVP/COO, leading efforts to ensure the effective project delivery execution of Catalyze’s rapidly growing operations. With a career spanning over three decades, McDonald brings an extensive background as a clean energy executive, holding leadership roles at Cupertino Electric, Inc., NextEra Energy, Inc., Pacific Gas & Electric Co., and Calpine Corp. In these roles, McDonald led teams specializing in renewables development, energy innovation, EVs, and engineering, procurement, and construction (EPC) services.
As CCO, Laughton will lead Catalyze’s business growth strategy, helping further expand the reach of the company’s nationwide project portfolio. Most recently, Laughton spent nearly 15 years at Johnson Controls, culminating in his role of developing cloud based offerings from incubation to maturity and marketing those solutions to major multi-national corporate accounts as VP/General Manager for their Digital Solutions Business. Laughton also has over 12 years of experience with energy stakeholder relations, software development, and management consulting with McKinsey & Company and Exelon.
In his role as SVP of Supply Chain Management, Kiwak will be responsible for ensuring the availability, sustainability and affordability of the resources needed to deliver Catalyze’s diverse clean energy solutions. Kiwak boasts over 30 years of experience in the energy sector, including executive positions at Sunfinity Renewable Energy, Sunnova Energy, and NRG Renew. He is thoroughly experienced at managing diverse, multidisciplinary teams in the execution and successful completion of multimillion-dollar projects within time and budget constraints, including more than 60 solar projects in C&I rooftop, community solar, as well as utility scale and residential solar projects accounting for close to 1GW in total.
Glenwright will take on the role of VP of Energy Storage Solutions, helping further advance the adoption and integration of Catalyze’s energy storage solutions to offer increased savings, sustainability and resilience for Catalyze’s partners. Glenwright joins the company following his time with Tesla where he successfully led some of the world’s largest and most novel energy storage and microgrid projects. Glenwright brings over 12 years of renewable energy experience, leveraging his strong hardware and software engineering foundation, combined with systems engineering experience from 20+ years in aerospace.
Catalyze is backed by leading energy investors EnCap Investments L.P., Yorktown Partners LLC and Mercuria Energy. To learn more about Catalyze’s leadership team, visit https://catalyze.com/company/leadership/.
About Catalyze
Catalyze is a national Energy Transition Partner that develops, constructs, owns, and operates integrated renewable assets, and combines its proprietary technology, financial strength, and battery and electric vehicle savvy to deliver standardized, yet configurable systems that meet their partners’ unique needs. These offerings enable commercial and industrial property owners, operating companies, and their customers to extract greater value from their assets, take increased responsibility and ownership of their energy profile, and ultimately become part of the clean energy transition. Catalyze owns two proprietary technologies – REenergyzeⓇ, an origination-to-operations software integration platform that helps accelerate and scale the nationwide adoption of commercial and industrial solar and storage, and SolarStrapⓇ, a proprietary mounting technology to install rooftop panels.
Catalyze is headquartered in Boulder, Colorado with offices in California, Massachusetts, New York, and Texas, and is backed by leading energy investors EnCap Investments, L.P. and Yorktown Partners LLC. For more information, visit https://catalyze.com/.
About EnCap Investments L.P.
Since 1988, EnCap Investments has been the leading provider of venture capital to the independent sector of the US energy industry. The firm has raised 21 institutional investment funds totaling approximately $37 billion and currently manages capital on behalf of more than 350 U.S. and international investors. For more information, please visit www.encapinvestments.com.
Carlos Villacis
Antenna Group for Catalyze
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LONG BEACH, Calif.--(BUSINESS WIRE)--Rocket Lab USA, Inc. (Nasdaq: RKLB) (“Rocket Lab” or “the Company”), a leading launch and space systems company, today announced it has been selected by NASA’s Jet Propulsion Laboratory (JPL) to supply solar panels that will power NASA’s shoe-box-sized mobile robots as part of the Cooperative Autonomous Distributed Robotic Explorers (CADRE) program.
The solar panels will use Rocket Lab’s inverted metamorphic multi-junction (IMM) solar cells that are more efficient and lighter weight than standard multi-junction space solar cells and provide the exact capabilities needed for the program. The IMM cells were developed by SolAero Technologies Inc, a leading space solar power company acquired by Rocket Lab in January 2022.
IMM solar cells are a superior type of space-grade solar cell, providing best-in-class efficiency with 40% lower mass than typical space-grade solar cells. IMM is also powering General Atomics’ GAzelle spacecraft, which Rocket Lab launched as part of its 31st Electron mission earlier this month.
The CADRE robots are the next generation of NASA’s Autonomous Pop-Up Flat Folding Explorer Robots (A-PUFFER) technology. NASA’s Jet Propulsion Laboratory is designing the CADRE robots to be able to explore as a group to collect data in the hardest-to-reach places on the Moon, Mars and beyond.
“We’re incredibly proud to be supporting innovative new means of space exploration,” said Brad Clevenger, Rocket Lab’s Vice President of Space Systems. “The CADRE program could help map unexplored regions on the Moon and access hard to reach parts of Mars, expanding our understanding of distant planets and Moon.”
CADRE is targeted to fly as a technology demonstration on a commercial robotic lander within the next five years through NASA’s Commercial Lunar Payload Services Initiative.
+ ABOUT Rocket Lab
Founded in 2006, Rocket Lab is an end-to-end space company with an established track record of mission success. We deliver reliable launch services, satellite manufacture, spacecraft components, and on-orbit management solutions that make it faster, easier and more affordable to access space.
Headquartered in Long Beach, California, Rocket Lab designs and manufactures the Electron small orbital launch vehicle, the Photon satellite platform and the Company is developing the large Neutron launch vehicle for constellation deployment. Since its first orbital launch in January 2018, Rocket Lab’s Electron launch vehicle has become the second most frequently launched U.S. rocket annually and has delivered 151 satellites to orbit for private and public sector organizations, enabling operations in national security, scientific research, space debris mitigation, Earth observation, climate monitoring, and communications. Rocket Lab’s Photon spacecraft platform has been selected to support NASA missions to the Moon and Mars, as well as the first private commercial mission to Venus. Rocket Lab has three launch pads at two launch sites, including two launch pads at a private orbital launch site located in New Zealand and a second launch site in Virginia, USA which is expected to become operational in 2022. To learn more, visit www.rocketlabusa.com.
+ Rocket Lab Media
Michael Atchue
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+1 714-613-2072
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