Clean Energy’s Centre County Recycling and Refuse Authority station will provide RNG to reduce truck carbon emissions, help fleets achieve sustainability goals
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--$CLNE--Clean Energy Fuels Corp. (NASDAQ: CLNE), the largest provider of the cleanest fuel for the transportation market, announced it is has begun providing renewable natural gas (RNG) for the Centre County Recycling and Refuse Authority (CCRRA) in Bellefonte, PA, supporting a transition to a cleaner, low-carbon fuel produced from organic waste.
“The recycling and refuse industry has long embraced natural gas to mitigate the impact of greenhouse gas emissions,” said Chad Lindholm, senior vice president, Clean Energy. “Our CCRRA station is one of the first on the East Coast to transition to RNG, and will further our sustainability goal of providing RNG at all of our stations by 2025.”
Clean Energy constructed the station, located at 100 Transfer Road, which will provide fuel for both CCRRA vehicles and other fleets, and is expected to dispense an estimated 500,000 gallons of RNG annually. Switching the station from conventional natural gas to RNG will reduce carbon emissions by 3,696 metric tons each year – the equivalent of removing 803 passenger cars from the road, recycling 1,484 tons of waste instead of landfilled, and planting 61,601 trees.
“As a refuse and recycling authority, we are constantly promoting the benefits of a circular economy by purchasing products generated from the materials we handle daily,” said CCRRA Executive Director Ted Onufrak. “Migrating to RNG is just another example of how closing the loop can be beneficial economically and environmentally.
CCRRA also collaborated with the local WM affiliate to provide RNG as fuel for eight new CNG tractor-trailer units hauling over 4,300 loads of waste annually. This will support WM in meeting its goals of fleet conversion from diesel to RNG.
“WM is proud to work with the Centre County Recycling and Refuse Authority and commends their transition to a cleaner, renewable fleet with renewable natural gas,” said Christopher Pilzer, director of sustainable growth, WM Capitol Area. “WM is committed to the growth of our natural gas fleet and investing in renewable energy through RNG. The Centre County RRA’s investment in an RNG fueling station will help support our efforts locally.”
"The Borough of State College has a longstanding commitment to sustainability, and we are continually seeking ways to reduce our carbon footprint and to make our systems and operations more efficient and sustainable. We commend sustainability efforts made by our partners, and CCRRA's conversion to fleet fuels with lower carbon emissions is an important step forward," said State College Borough Mayor Ezra Nanes.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks, uncertainties and assumptions, including without limitation statements about the provision of RNG at the CCRRA station; the amount of fuel anticipated to be dispensed and the associated reduction in carbon emissions; and CCRRA’s partnership with WM for RNG tractor-trailer units. Actual results and the timing of events could differ materially from those anticipated in these forward-looking statements. The forward-looking statements made herein speak only as of the date of this press release and, unless otherwise required by law, Clean Energy undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. Additionally, the reports and other documents Clean Energy files with the SEC (available at www.sec.gov) contain risk factors, which may cause actual results to differ materially from the forward-looking statements contained in this news release.
About Clean Energy
Clean Energy Fuels Corp. is the country’s largest provider of the cleanest fuel for the transportation market. Our mission is to decarbonize transportation through the development and delivery of renewable natural gas (RNG), a sustainable fuel derived from organic waste. Clean Energy allows thousands of vehicles, from airport shuttles to city buses to waste and heavy-duty trucks, to reduce their amount of climate-harming greenhouse gas. We operate a vast network of fueling stations across the U.S. and Canada. Visit www.cleanenergyfuels.com and follow @ce_renewables on Twitter.
Raleigh Gerber
949-437-1397
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SAN FRANCISCO--(BUSINESS WIRE)--Informa’s Data Center Efficiency Evolution Program (DEEP) today announces The University of Chicago has received a Gold certification for the sustainability and efficiency of its data centers.
The university’s data center operators sought out DEEP’s audit and certification services after discovering that their data centers’ overall power usage had increased enough to become the campus’ fourth-largest consumer of energy. The data center team wanted to see if they could not only improve their overall efficiency, but to more aggressively and successfully pursue the university’s sustainability initiatives.
The university has six data centers spread across three buildings. After the team completed a pre-assessment questionnaire, a representative from DEEP scheduled an on-site visit to evaluate the data centers’ utilization of DEEP’s 70+ best practices for sustainable operations.
DEEP’s holistic framework assists data center operators and managers by identifying potential opportunities to reduce data center costs, carbon emissions, and operational downtime. The university’s data centers were assessed across four categories:
The certification process revealed a few key practices that set the university’s data centers apart. These practices include:
for 100% of the equipment and space cooling, which yields reductions in cooling energy and
scope 2 emissions as well as exceptional uniform and thermal balance
capitalizes on a creative opportunity to eliminate recirculation and net bypass air
“With a DEEP Gold Certification, we are now able to show our leadership and administration that our data centers are doing the absolute best to remain a sustainable facet of the campus,” said Raymond Parpart, Director of Data Center Strategy & Operations at The University of Chicago and one of the initial contributors to the DEEP program. “Given our emphasis on sustainability, it is a tremendous point of pride for my team, and we are very pleased to closely align with the university’s green initiatives.”
“It was a pleasure to work with The University of Chicago data center team. We had never seen a data center put together as creatively and efficiently as their data center,” said Kevin Kent, Director of DEEP Assessments. “Additionally, based on our industry expertise, we were able to identify a few opportunities for the university to improve its metrics for both efficiency and sustainability, such as pursuing RECs to offset a carbon footprint, raising set points in two data centers to raise rack inlet temperatures and reach consistency with the other data centers’ set points, and finding methods to develop a 5MW chiller-less data center.”
To learn more about the Data Center Efficiency Evolution Program, visit www.datacenterevolve.com or contact Todd Piccuillo at This email address is being protected from spambots. You need JavaScript enabled to view it..
Stay connected with DEEP on Facebook, LinkedIn and Twitter.
About Informa Tech
Informa Tech is a market leading provider of integrated research, media, training and events to the global Technology community. We're an international business of more than 600 colleagues, operating in more than 20 markets. Our aim is to inspire the Technology community to design, build and run a better digital world through research, media, training and event brands that inform, educate and connect. Over 7,000 professionals subscribe to our research, with 225,000 delegates attending our events and over 18,000 students participating in our training programs each year, and nearly 4 million people visiting our digital communities each month. Learn more about Informa Tech.
Media
Liz Cruz
Data Center Efficiency Evolution Program
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HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that it will participate in the Wells Fargo 21st Annual Midstream & Utilities Symposium in New York, New York. The conference is being held in person on Wednesday, December 7, 2022 and Thursday, December 8, 2022.
The Partnership’s latest presentation materials are available and may be downloaded by visiting the Partnership’s website at www.genesisenergy.com under “Presentations” under the Investors tab.
Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis’ operations include offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation and marine transportation. Genesis’ operations are primarily located in the Gulf Coast region of the United States, Wyoming and the Gulf of Mexico.
Genesis Energy, L.P.
Dwayne Morley
VP – Investor Relations
(713) 860-2536
MILL VALLEY, Calif.--(BUSINESS WIRE)--#API--CustomWeather, Inc., a specialized provider of high-resolution weather data and alert services, announced that they are participating in a grant as part of the Upper Merced River Watershed application to the Bureau of Reclamation's 2021 WaterSmart Cooperative Watershed Management Program Phase 1. CustomWeather’s role will involve research related to precipitation forecasting in the Merced Basin.
As part of a grant awarded to Merced Irrigation District, CustomWeather will be tasked with precipitation forecast enhancement, analytical work upstream in the Dry Creek Sub-basin to adjust forecast bias and precipitation procedures based on historical model data and observed data, as well as development of gridded storm precipitation comparative tools to analyze forecast data from MIDH2O and the California Nevada River Forecast Center.
Geoff Flint, CustomWeather’s CEO says, “CustomWeather has had a long, positive relationship with Merced Irrigation District, and we are excited to partner with them on this project that will contribute to the maintenance and management of the watershed, helping to improve weather forecasts in high elevation areas where weather forecasting is notoriously difficult.”
For more information about CustomWeather, visit CustomWeather.com, or check the weather at MyForecast.com.
About CustomWeather, Inc.
San Francisco Bay Area-based CustomWeather offers the industry's most robust weather solutions for both decision support and consumer application. CustomWeather generates granular weather forecasts for over 200 countries and combines weather services with unmatched development and customer service support. For over 20 years, CustomWeather has been the leading one-stop solution for historical, real-time, and forecast weather services. For more information, visit CustomWeather.com.
Follow CustomWeather:
LinkedIn: https://www.linkedin.com/company/customweather-inc./
Twitter: https://twitter.com/CustomWeatherSF
CustomWeather, Inc.
Susan Flint, 415-777-3303
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Company scales to accommodate region’s increasing demand for sustainable IoT technologies
SCOTTS VALLEY, Calif.--(BUSINESS WIRE)--Ambient Photonics announced today the opening of its first European office, located in Dusseldorf, Germany, to further support its consumer electronics and IoT customer base around the world. As global leaders in sustainability, Europe’s technology manufacturers are leveraging Ambient’s low-light indoor energy harvesting solar cells to decarbonize a range of electronic devices, including remote controls, tablets and sensors.
“One of the reasons Europe’s approach to sustainability is so successful is because it focuses on replacing traditional production processes with low carbon, low waste resources at every level of the supply chain,” said Ambient CEO Bates Marshall. “Ambient’s new EU headquarters will provide local, hands-on service and engineering design support, which will deliver greater value to our European customers on their journeys to scrub emissions from their operations.”
Ambient’s European presence provides consumer electronics and IoT manufacturers with local contacts for integrating Ambient’s high power density PV cells into device designs. Eliminating the need for disposable batteries, Ambient’s novel solar cells address Scope 3 supply chain emissions and reduce the carbon footprint of electronic devices by up to 80 percent.
This expansion follows on the heels of the groundbreaking for Ambient’s 43,000-square foot, low-light solar cell manufacturing facility in Scotts Valley, California and recent $48.5 million Series A funding round.
To learn more about Ambient’s new first-of-its-kind production facility in California, watch the video: https://bit.ly/3XP0dIu.
About Ambient Photonics
California-based Ambient Photonics was founded in 2019 to bring low-light energy harvesting technology to mass scale. Ambient’s technology originally developed at the Warner Babcock Institute for Green Chemistry, and funded at inception by Cthulhu Ventures LLC, is backed by leading investors like Amazon’s Climate Pledge Fund, Ecosystem Integrity Fund (EIF), Tony Fadell’s Future Shape and I Squared Capital. The company’s low-light solar PV cells deliver ground-breaking power density from a broader spectrum of ambient light, inspiring a new era in connected device form and function. Ambient works with leading global smart home and IoT device manufacturers on embedded solar cells to deliver superior design possibilities, performance, sustainability and consumer convenience. Explore endless power at: ambientphotonics.com.
Christine Bennett for Ambient Photonics
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ALBUQUERQUE, N.M.--(BUSINESS WIRE)--Wilson & Company, Inc., Engineers & Architects is pleased to announce that senior vice president Ryan Branfort, RLS, GISP, will serve as the company’s first-ever chief information officer (CIO). Branfort will lead the organization’s information technology team, serve on the executive leadership team and support the board of directors concerning information and technology.
“In 2022, Wilson & Company reached a significant threshold, crossing $100 million/year in revenue, a step change that provides us the necessary scale to support a CIO position,” said Jim Brady, PE, Wilson & Company president and CEO.
Branfort has served as a senior vice president at Wilson & Company, managing the firm’s survey, geospatial and remote sensing (SGR) services. With nearly 35 years of experience, Branfort has an extensive background working for a varied client base, including municipalities, federal agencies and private industries.
As the firm grows, the strategic approach to leveraging technology internally and externally becomes increasingly important. In his role managing SGR services, Branfort specialized in assisting clients by listening to their needs and determining the best combination of technologies to meet their budget, schedule, accuracy and delivery requirements. Branfort will lead the company in applying technological solutions and products for our clients and employees.
“Ryan possesses several decades of knowledge applying technology from his experience in our survey and mapping business unit,” said Jim Ross, Wilson & Company senior vice president and chief financial officer. “His contributions as a long-term member of our executive leadership team, in tandem with his success leading a technology-driven business unit, make him the obvious choice to fill this important, new position.”
Branfort has facilitated the firm’s work by building Higher Relationships inside and outside Wilson & Company. His leadership skills, technical knowledge, vision and initiative-taking communication style will enable a new era of technological innovations for the organization’s future.
About Wilson & Company Inc., Engineers & Architects
Wilson & Company Inc., Engineers & Architects, has brought more than 600 people together in 15 offices over nine states to build Higher Relationships through discipline, intensity, collaboration, shared ownership, and solutions with our clients, partners, and communities. After nine decades of business, professionals continue to hone their craft with us, including civil, mechanical, electrical, and structural engineering; architecture; planning; biology; surveying; mapping; GIS specializations; drone piloting; financial analyses; program and construction management; inspecting and a growing number of multi-disciplinary specialties. We seek to create value for a diverse client base, including federal and municipal governments, public transportation agencies, railroad companies, industrial and commercial corporations, and private developers.
More at wilsonco.com | LinkedIn | Facebook | Twitter
Emily Clarke
720-771-2357
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~New Entity Will Serve as a Foundation to Drive Industry Technology Growth~
~Company Announces Agreement to Acquire Remaining Interest in Boatzon~
CLEARWATER, Fla.--(BUSINESS WIRE)--MarineMax, Inc. (NYSE: HZO), the world’s largest recreational boat and yacht retailer, today announced the formation of New Wave Innovations, a new business that will invest in and grow technology-related products and services. Boatyard, which was previously acquired and recently recognized as a top innovative company, and Boatzon will fall under this new entity.
MarineMax today announced that it has entered into a definitive agreement to acquire the remaining seventy-five percent interest in Boatzon, that it does not already own. The closing is expected in the Company’s fiscal second quarter ending March 31, 2023. Boatzon is the first 100 percent online boat and marine retailer providing secure direct marketplace services. Since making its initial investment in Boatzon in December 2021, MarineMax has been partnering with the Boatzon team to grow product capabilities and expand service offerings, serving both customers and marine dealers. As the partnership and Boatzon business have grown, the two companies are now teaming up to accelerate growth opportunities. Boatzon will operate as an independent company managed by co-founders Bryan Lenett, Michael Muchnick, and their team.
Shawn Berg, EVP, Chief Digital Officer of MarineMax and New Wave Innovations President stated, “Aligning our passion for boating with entrepreneurship and technology growth opportunities will advance our Company’s strategic growth. We look forward to Bryan, Michael, and the entire Boatzon team joining the MarineMax family. The formation of New Wave Innovations is an incredible opportunity for MarineMax to partner with entrepreneurial technology companies seeking the resources and expertise to accelerate the growth of their businesses.”
W. Brett McGill, Chief Executive Officer and President of MarineMax, stated, “Innovation and technology have been at the forefront of our strategy to build an integrated company that is a leader in marine products, services, and experiences. We are excited about our ability to selectively invest in and grow businesses such as Boatyard and Boatzon. New Wave Innovations provides us with an exclusive technology growth engine to build on that success.”
About MarineMax
MarineMax is the world’s largest recreational boat and yacht retailer, selling new and used recreational boats, yachts, and related marine products and services, as well as providing yacht brokerage and charter services. MarineMax has over 125 locations worldwide, including 78 retail dealership locations, some of which include marinas. Collectively, with the IGY acquisition, MarineMax owns or operates 57 marinas worldwide. Through Fraser Yachts and Northrop & Johnson, the Company also is the largest superyacht services provider, operating locations across the globe. Cruisers Yachts, a MarineMax company, manufactures boats and yachts with sales through our select retail dealership locations and through independent dealers. Intrepid Powerboats, a MarineMax company, manufactures powerboats and sells through a direct-to-consumer model. MarineMax provides finance and insurance services through wholly owned subsidiaries and operates MarineMax Vacations in Tortola, British Virgin Islands. The Company also owns Boatyard, an industry-leading customer experience digital product company. MarineMax is a New York Stock Exchange-listed company (NYSE: HZO). For more information, please visit www.marinemax.com.
Forward-Looking Statement
Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include the expected investments of New Wave Innovations, the closing of the acquisition of the remaining 75% interest in Boatzon, Boatzon's operation as an independent company, the advancement of the Company's strategic growth, and the Company's ability to invest and grow certain businesses. These statements are based on current expectations, forecasts, risks, uncertainties, and assumptions that may cause actual results to differ materially from expectations as of the date of this release. These risks, assumptions, and uncertainties include the Company’s abilities to reduce inventory, manage expenses and accomplish its goals and strategies, the quality of the new product offerings from the Company’s manufacturing partners, the performance and integration of the recently-acquired businesses, general economic conditions, as well as those within the Company's industry, the level of consumer spending, and numerous other factors identified in the Company’s Form 10-K for the fiscal year ended September 30, 2022 and other filings with the Securities and Exchange Commission. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Investors:
Michael H. McLamb
Chief Financial Officer
727-531-1700
Scott Solomon or Laura Resag
Sharon Merrill Associates, Inc.
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Media:
Katherine Cooper
MarineMax, Inc.
Funded by CIT and SMBC, this new capital supports the buildout of eleven (11) of NineDot’s battery storage sites in the New York City metro region
NEW YORK--(BUSINESS WIRE)--NineDot Energy®, a leading developer of community-scale clean energy projects backed by the global investment firm Carlyle (NASDAQ: CG), today announced the closing of its new $85 million construction-to-term debt facility. Provided by CIT and SMBC, two of the leading names in the world of renewable energy project financing, this facility supports the construction and operation of eleven (11) of NineDot’s battery storage sites in the Bronx, Staten Island, Queens, and Long Island. Combined with NineDot’s existing strong equity capital base, this new funding solidifies the Company’s position as a major distributed community energy developer in the New York City metropolitan region, making the local electricity grid more robust while facilitating New York City’s and State’s push for decarbonization, by integrating more clean energy into the grid during times of peak demand.
“Completing this debt financing is another major accomplishment, in a year of accomplishments, for NineDot Energy,” said David Arfin, NineDot Energy CEO and Co-founder. “Just about four months ago, we unveiled our first-of-its-kind battery storage site in the Bronx. With this project finance facility, we will accelerate the growth of our community energy pipeline and implementation, bringing the benefits of distributed, local battery storage solutions to the broadest range of organizations and communities in the New York City region. Along the way, we accelerate the retirement of old ‘peaker plants’ while transitioning to a more environmentally-just urban energy grid.”
“We are thrilled to provide this structured finance program to NineDot Energy,” said Mike Lorusso, Managing Director and Group Head of the Power and Energy business of CIT, a division of First Citizens Bank. “At CIT, we are committed to lending our capital to creative entrepreneurs who are the backbone of our national energy transition. From our initial meeting, we’ve been impressed by how NineDot brings its knowhow and strategy to real projects, finding the right sites to develop, the right landowners and partners to work with, and the right solutions for the complex maze of energy and safety rules and regulations. We look forward to celebrating the opening of many new NineDot projects that are enabled by this financing.”
According to SMBC’s Juan Kreutz, Managing Director – Co-Head of Global Structured Finance – Americas, “NineDot Energy is exactly the kind of borrower we look for: creative, committed, serious and diligent, working on big important projects, while understanding the lender’s perspective and the need to deliver results, on time and on budget. We are excited to see the projects built with this new capital come to fruition and make a meaningful contribution to New York’s energy goals.”
“By leveraging its strong equity capital position, we believe NineDot Energy can do more for the energy infrastructure, faster,” said Pooja Goyal, Chief Investment Officer of Carlyle’s Infrastructure Group. “This milestone is a testament to NineDot Energy’s role in transitioning to a cleaner, more reliable grid and the power of Carlyle’s broad network in supporting growth for our strategic partners through bespoke value creation plans.“
About NineDot Energy
As a leading developer of community-scale energy projects, NineDot Energy creates innovative urban energy solutions that support a more resilient grid, deliver economic savings, and reduce carbon emissions. NineDot Energy is currently focused on developing battery energy storage sites in the New York City metropolitan area while enabling solar systems and vehicle-to-grid (V2G) capabilities at many of our locations. NineDot Energy’s name derives from the classic mathematical puzzle for sparking out-of-the-box solutions; we are based at the NYU Urban Future Lab in Brooklyn, NY and backed by Carlyle. Learn more at nine.energy.
Karen Alter, 650-383-8552, This email address is being protected from spambots. You need JavaScript enabled to view it.
DURHAM, N.C.--(BUSINESS WIRE)--Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology and production, today announced its participation at the following investor conference:
A live webcast of the presentation will be available on the Investor section of Wolfspeed’s website. To access the webcast, please visit https://investor.wolfspeed.com/events-and-presentations/.
About Wolfspeed, Inc.
Wolfspeed (NYSE: WOLF) leads the market in the worldwide adoption of Silicon Carbide and GaN technologies. We provide industry-leading solutions for efficient energy consumption and a sustainable future. Wolfspeed’s product families include Silicon Carbide materials, power devices and RF devices targeted for various applications such as electric vehicles, fast charging, 5G, renewable energy and storage, and aerospace and defense. We unleash the power of possibilities through hard work, collaboration and a passion for innovation. Learn more at www.wolfspeed.com.
Wolfspeed® is a registered trademark of Wolfspeed, Inc.
Media Relations:
Melinda Walker
Director, Corporate Communications
818-261-4585
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Investor Relations:
Tyler Gronbach
VP, Investor Relations
919-407-4820
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DUBLIN--(BUSINESS WIRE)--The "Yacht Charter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global yacht charter market reached a value of US$ 7.18 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 12.12 Billion by 2027, exhibiting a CAGR of 9.12% during 2021-2027.
Companies Mentioned
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Yacht charter refers to the process of renting a motor- or sail-driven marine vessel for recreational or commercial purposes. These services are typically used for traveling to various coastal areas without owning a yacht.
These privately or company-owned yachts that are offered on a rental basis consist of luxury facilities within the vessel, such as professional crews, captains, and online or on-call support. Several charter companies also furnish yachts and provide a detailed itinerary based on the requirements of their clients. As a result, they find immense applications in luxury marine tourism and recreational boating.
The market is primarily driven by significant growth in the marine tourism sector. Along with this, the rising preference for personalized services in tourism activities is providing an impetus to the market. In line with this, the increasing participation of the masses in recreational and competitive boating activities across the globe is providing a thrust to the demand for yacht charters.
Moreover, the inflating per capita income levels and the growing inclination toward luxury trips across exotic locations are favorably impacting the market. Besides this, numerous key players are offering online services for yacht chartering to their customers, which are gaining widespread prominence among individuals.
Besides this, continual improvements in yacht infrastructure, including the adoption of hybrid business models, are further creating a positive outlook for the market on the global level. Some of the other factors that are contributing to the market include the escalating popularity of fishing and water sports and the increasing usage of renewable energy as the primary fuel in various marine vehicles, including yachts, due to an enhanced focus on sustainable development among the masses.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global yacht charter market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, length and contract type.
Breakup by Type:
Breakup by Length:
Breakup by Contract Type:
Breakup by Region:
Key Questions Answered in This Report:
For more information about this report visit https://www.researchandmarkets.com/r/h9u49b
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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With GEOptimize in-house, Endurant Energy’s position as the leading North American design-build-own-operate geothermal heat exchange system developer is confirmed, while GEOptimize is positioned for further growth.
NEW YORK--(BUSINESS WIRE)--Distributed energy resource (DER) developer Endurant Energy (Endurant) today announced the completed acquisition of specialist geothermal heating and cooling and ground source heat pump (GSHP) design company, GEOptimize, Inc.
Endurant’s ownership positions GEOptimize to accelerate growth by taking advantage of the increased interest in low-carbon heating and cooling solution utilizing GSHPs. With GEOptimize in-house, Endurant’s position as North America’s market leading geothermal developer is strengthened.
GEOptimize supports every aspect of geothermal feasibility and design, ensuring the long term and efficient operations of a system. Their specialist geo-forensics monitoring and troubleshooting services can improve design on existing systems. They also offer highly commended Certified Geothermal Design courses for sustainable energy professionals.
Endurant is a full-service developer and owner of cost-effective, resilient, and sustainable energy solutions. It serves a wide range of sectors including education, commercial, industrial, real estate, healthcare, hospitality, and public utilities. Endurant offers a host of full-service clean energy solutions incorporating GSHPs, including microgrids and integrated eco-districts. Having been involved in the origins of the technology, Endurant pioneered the energy foundation concept, installing geothermal loops as concrete is poured into piles. Recently, Endurant was awarded multiple NYSERDA grants to undertake feasibility studies for GHSPs across NY State.
“Following the investment in Endurant by LS Power, we have been able to grow our business both organically and by acquisition, rapidly positioning ourselves as the go-to DER provider in north America,” said Tom Chadwick, CEO of Endurant. “As we decarbonize our energy system and rely more heavily on electricity, the value of reliability and resilience is increasing. GSHPs are a key part of the solution. We have huge respect for Ed’s and his team’s skills and are glad to be able to incorporate them into Endurant’s offering ever-more seamlessly.”
Ed Lohrenz, GEOptimize’s Principal said, “When working with Endurant on several projects in the last few years they demonstrated their commitment to doing things the right way, ensuring their customers achieve the reductions in energy use and cost and at the same time reducing CO2 emissions from their projects. It is exciting to join a company with the resources and people needed to take the GSHP industry to another level, and we’re looking forward to working closely with Tony Amis, who is a world expert in deploying Energy Foundations and complex geothermal solutions.”
Since its inception in 2013, GEOptimize has focused on optimizing the design and performance of GSHP systems with iterative building energy modeling and computer simulations of geothermal systems, from large-scale districts to individual buildings. Endurant has been at the forefront of innovative and sustainable GSHP solutions, having designed and built several marquee projects across the country, such as the borehole solution for the Georgina and Emma Bloomberg building on Cornell Tech’s STEM campus in NYC.
GEOptimize will continue to be led by world-renowned Ed Lohrenz and supported by existing employees. Plans are already underway to expand the organization to accelerate its growth, both through supporting Endurant’s work and working as a consultant to others.
GEOptimize is based in Winnipeg, Canada. Endurant is headquartered in Chicago, with offices in New York City as well as Anaheim and Beverly Hills, California.
About GEOptimize:
GEOptimize focuses on the design and optimization of geothermal heating and cooling solutions utilizing ground source heat pump systems and ground heat exchangers. The firm has expertise in creating the iterative energy model required to reduce the size and cost of a ground heat exchanger while ensuring it will perform efficiently for the life of the building.
About Endurant Energy:
Endurant Energy develops and owns reliable, resilient, clean, and cost-effective on-site energy infrastructure solutions across the US. It has expertise in a wide range of solutions including renewable thermal systems at single building or district scale, fuel-based technologies for resiliency, solar + storage solutions, and an integrated offering for eco-districts. Services include planning, financial structuring, design, and construction. Asset management services include operations and maintenance. By integrating solutions into clients' operations, Endurant is enabling the future of sustainable distributed energy. For more information, please visit endurant.com and follow us on Twitter at @endurantenergy.
Media
Dave Yanni
Chief Development Officer
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CHOLUTECA, Honduras--(BUSINESS WIRE)--ESF Seafood announced the transitioning of its shrimp processing plant to renewable energy. The commissioning of the first stage of a solar energy micro-grid is the result of a three year development effort targeted towards reducing ESF Seafoods’ carbon emissions and energy costs. ESF will replace over 60% of its energy needs with electricity from solar during 2023 and have 100% carbon neutral processing by end of 2024.
This email address is being protected from spambots. You need JavaScript enabled to view it., President ESF Seafood noted, “Harvesting, processing and freezing shrimp in a tropical climate requires a very significant amount of energy. Southern Honduras is an ideal location for capturing solar energy due to the area’s high photovoltaic (PVOUT) rating and we are able to utilize our plant’s roof space for the solar panel installation which reduces the need for additional land usage. A recently approved law for commercial bi-directional meters enhances the profitability of additional energy generation by allowing us to supply surplus back into the national grid during non-peak periods.”
This email address is being protected from spambots. You need JavaScript enabled to view it., Director ESF Seafood noted, “Reducing carbon emissions is a critical objective for our customers worldwide. We will be the first shrimp processing plant to migrate to renewable energy; we will decrease our carbon footprint by over 2,000 tonnes in 2023 and have a clear plan to achieve carbon neutral status. Taking a leading position in sustainability and energy security will help ensure the ongoing success of our business in Honduras and continue to provide our customers with high-quality, value added shrimp and our people with good jobs.”
ABOUT ESF SEAFOOD - ESF Seafood was founded in 2012 to provide the very best shrimp to discerning customers worldwide who value investments in food safety, sustainability, premium quality, ethical trading, and internationally recognized certifications including SEDEX, ASC, and BRCGS AA+ rating.
ESF Seafood’s 11,700 m2 plant has extensive capabilities for IQF value-added shrimp production as well as blast freezing / brine freezing options and 4.5 million lbs of cold storage. ESF Seafood’s location in Southern Honduras, with its skilled and experienced workforce, is ideal for adding value to quality shrimp and ensuring fast delivery to worldwide locations utilizing both Pacific and Atlantic ports.
ESF Seafood / Service & Trading Business S.A. de C.V.
Gerardo Tome
ESF Seafood
Phone: + 504 9990 3733
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Class 8 Zero Emission Vehicle to be Showcased Along with Complete All-Electric Commercial Product Line
FREEHOLD, N.J.--(BUSINESS WIRE)--Cenntro Electric Group Limited (NASDAQ: CENN), a leading EV and alternative fuel technology company with advanced, market-validated electric commercial vehicles, will unveil the Logimax H864 (“LMH864”), a hydrogen powered Class 8 Semi Tractor, at the upcoming 2023 Consumer Electronics Show (CES®), taking place January 5-8, 2023 in Las Vegas.
The LMH864 is a 6x4 semi-tractor, representing Cenntro’s first entry into hydrogen fuel cells and first heavy-duty truck. The LMH864 has a total weight of 25 tons and is designed for short- and long-haul applications. The semi-tractor’s electric motors are fully powered by high-efficiency sustainable hydrogen fuel cells with eight 210-liter banks that convert hydrogen into electric power by combining it with oxygen, producing only water as byproduct. The LMH864 will be available in 3Q of 2023 and will launch in North America and Europe initially.
“Beyond our focus on electric powered commercial vehicle lines, we believe that hydrogen fuel cell technology is the best application for heavy duty logistics as it offers longer ranges and faster refueling,” said Peter Wang, Chairman and CEO. “The LMH864 has an operational range and refueling time comparable to many diesel trucks making it suitable for longer distances and heavy, energy-demanding responsibilities in areas where battery charging is limited. The LMH864 will allow Cenntro to provide customers with additional choices for zero emissions in a sustainable vehicle. We look forward to introducing the vehicle to CES attendees along with our full line of electric vehicles.”
The LMH864 will take center-stage at Cenntro’s exhibit in Booth 5840 in the West Hall where Cenntro will display its complete All Electric Commercial product line. The exhibit will include the full Logistar line which features the versatile, compact cargo van, the LS100, the multi-purpose LS200 available in van or box truck configurations, the segment defining LS260 van and the Class 4 LS400 purpose-built for last mile delivery and urban services.
For more information or to request a booth meeting, please contact: This email address is being protected from spambots. You need JavaScript enabled to view it.
About Cenntro Electric
Cenntro Electric Group Ltd. (or "Cenntro") (NASDAQ: CENN) is a leading designer and manufacturer of electric light and medium-duty commercial vehicles. Cenntro's purpose-built ECVs are designed to serve a variety of organizations in support of city services, last-mile delivery, and other commercial applications. Cenntro has committed to lead the transformation of commercial fleets to zero-emissions vehicles and develop a full line of zero-emission commercial vehicles through scalable, decentralized production, and smart driving solutions empowered by the Cenntro iChassis. For more information, please visit Cenntro's website at: www.cenntroauto.com.
Forward-Looking Statements
This communication contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. Such statements may be, but need not be, identified by words such as "may,'' "believe,'' "anticipate,'' "could,'' "should,'' "intend,'' "plan,'' "will,'' "aim(s),'' "can,'' "would,'' "expect(s),'' "estimate(s),'' "project(s),'' "forecast(s)'', "positioned,'' "approximately,'' "potential,'' "goal,'' "strategy,'' "outlook'' and similar expressions. Examples of forward-looking statements include, among other things, statements regarding assembly and distribution capabilities, decentralized production, and fully digitalized autonomous driving solutions. All such forward-looking statements are based on management's current beliefs, expectations and assumptions, and are subject to risks, uncertainties and other factors that could cause actual results to differ materially from the results expressed or implied in this communication. For additional risks and uncertainties that could impact Cenntro’s forward-looking statements, please see disclosures contained in Cenntro's public filings with the SEC, including the "Risk Factors" in Cenntro's Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 25, 2022 and which may be viewed at www.sec.gov.
Investor Relations Contact:
Chris Tyson
MZ North America
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PALO ALTO, Calif.--(BUSINESS WIRE)--EverCharge, a leading provider of turnkey electric vehicle (EV) charging solutions for fleet and multi-family homes, announced today that it is expanding its manufacturing footprint and opening a new 30,000 square foot production factory in Hayward, California.
With international supply chain shortages continuing to limit and delay production around the world, EverCharge is proud to be one of the few companies to manufacture their electric vehicle supply equipment (EVSE) in North America.
As part of the opening, EverCharge is creating new opportunities for highly skilled local jobs and plans to double their factory workforce by mid-2023.
“The demand for EV charging has never been greater, and we are committed to investing in the manufacturing, installation, and service of charging stations for our rapidly growing customer base,” said Jason Appelbaum, CEO of EverCharge. “The opening of our Hayward factory is a prime example of how EverCharge is driving the U.S. clean energy movement forward with high-quality, reliable, and American-made EV charging solutions.”
Development and expansion of the new Hayward facility began in September of 2022 and is slated to be completed by early 2023. Hayward was selected as the strategic location of EverCharge's manufacturing hub for its surrounding innovative business community, key location for talent, and proximity to Highway 880 for convenient transportation of goods.
The new factory opening comes on the heels of EverCharge’s acquisition by SK E&S, a Korean energy company, and is part of SK E&S’s investment in U.S.-based energy solutions. This partnership is launching a new chapter for EverCharge and creating growth and expansion in every area of the business.
About EverCharge
EverCharge provides hardware and software EV charging solutions for fleets and multi-unit homes. Their turnkey offerings are designed to utilize existing infrastructure to scale EV charging at the lowest cost. EverCharge’s load balancing SmartPower technology maximizes the number of electric vehicles that can charge at any given time and eliminates barriers such as data connectivity. EverCharge was founded in 2013 and is headquartered in Palo Alto. For more information, please visit EverCharge.com.
Media Contact:
Jasmine Wallsmith
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SANTA CLARA, Calif.--(BUSINESS WIRE)--#EV--Splitvolt today announced its next-generation Splitter Switch™ product that can save electric vehicle (EV) purchasers thousands of dollars. It includes cETLus safety certification, new components and a more stylized look. Its splitter switch is designed to make home EV charging simple, affordable and safe.
Instead of installing a new circuit to charge an EV at home, automatically sharing an existing 30 amp dryer circuit eliminates the cost, complexity and time associated with having an electrician install an additional 220 - 240 volt Level 2 charging circuit. Within minutes, anyone can easily get seven times faster home charging. Its built-in intelligence enables seamless power switching between the dryer and EV and includes several critical and unique safety features.
“One of the barriers to EV adoption has been convenient and affordable home charging. Normally it takes weeks of time, permits and costs thousands of dollars to have a new dedicated EV circuit installed,” said Dan Liddle, founder and CEO of Splitvolt. “The Splitvolt Splitter Switch avoids all of that hassle, is much safer and costs a fraction of the price. Just plug it in, and you immediately have 220v – 240v Level 2 fast home charging.”
Key features of the new product include:
The company will display the new product, along with its family of electric vehicle (EV) charging solutions, at booth# 4370 during CES from January 5 – 8, 2023.
About Splitvolt
Splitvolt’s mission is to inspire use of sustainable energy and Empowering Electric Vehicle Adoption™ by creating compelling products and solutions that make it simple for everyday car owners to benefit from electric vehicle use in daily life. Learn more at www.splitvolt.com.
Daniel Liddle
Splitvolt, Inc.
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DUBLIN--(BUSINESS WIRE)--The "Industrial Wireless Sensor Network Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global industrial wireless sensor network market size reached US$ 4.94 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 13.78 Billion by 2027, exhibiting a CAGR of 18.65% during 2021-2027.
Companies Mentioned
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
An industrial wireless sensor network (IWSN) comprises tiny autonomous sensors or nodes that are physically distributed in space. It relies on radio frequency (RF) waves to monitor and communicate several conditions, such as temperature, vibration, pressure, pollutants, and motion.
It is easy to install and relocate while saving labor costs, energy, and materials compared to wired solutions. It enhances productivity as IWSN can automatically supervise processes without any manual intervention. As a result, it finds applications in machine health analysis, manufacturing, condition-based maintenance, automated metering, remote monitoring, and inventory, vehicle and personnel management.
At present, the growing demand for IWSN to improve communication between industrial devices and ensure seamless communication using wireless systems represents one of the key factors driving the market. Besides this, there is a rise in the utilization of artificial intelligence (AI), machine learning (ML), and big data analytics to analyze the large database of temperature, motion, pressure, gas, flow, and chemicals. This, along with the increasing development of network infrastructure, is contributing to the growth of the market.
Moreover, the escalating demand for IWSN in the oil and gas industry to remotely monitor pipelines, natural gas leaks, and corrosion is offering lucrative growth opportunities to industry investors. In addition, there is an increase in the demand for WirelessHART and ISA-100.11a technologies in various industries across the globe.
This, coupled with the growing demand for the internet of things (IoT) connected devices around the world, such as smart mobiles, refrigerators, fire alarms, door locks, bicycles, and fitness trackers, is positively influencing the market. Apart from this, the increasing application of IWSN in robotics for sensing, recognition, and interpretation of numerous programs is propelling the growth of the market.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global industrial wireless sensor network market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, sensor type, application and end use.
Breakup by Component:
Breakup by Sensor Type:
Breakup by Application:
Breakup by End Use:
Breakup by Region:
Key Questions Answered in This Report:
For more information about this report visit https://www.researchandmarkets.com/r/u3s3e3
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Project Aims to Sequester Initial 100,000 Metric Tons of CO2 Per Annum in 2025
LONG BEACH, Calif.--(BUSINESS WIRE)--California Resources Corporation (NYSE: CRC) today announced a Carbon Dioxide Management Agreement (CDMA) between Carbon TerraVault JV Holdco, LLC (CTV JV) and Lone Cypress Energy Services, LLC (Lone Cypress), an independent energy company focused on the development of low-carbon hydrogen generation facilities and energy infrastructure, to sequester 100,000 metric tons (MT) of carbon dioxide (CO2) per annum from a newly constructed blue hydrogen plant at the Elk Hills Field in Kern County. Called the Lone Cypress Hydrogen Project, the project aims to be California’s first blue hydrogen facility producing 30 tons per day and has the potential to expand to 60 tons per day of blue hydrogen with up to 200,000 MT of CO2 sequestration per annum.
Blue hydrogen is a net zero-carbon intensity fuel produced from natural gas. The CO2 generated during the methane reforming process is captured and will be stored permanently underground.
“We are excited to be at the forefront of the energy transition in California. CRC is enabling the net zero energy economy by partnering with Lone Cypress to site a brand-new hydrogen facility at our Elk Hills Field as well as offering permanent CO2 sequestration through Carbon TerraVault,” said Mac McFarland, CRC’s President and Chief Executive Officer. “Because capture and compression are built into the project development, we anticipate limited capital requirements from the CTV JV and EBITDA per metric ton within our previously stated range. This CTV storage project is a meaningful step forward in CRC’s rollout of carbon capture and sequestration technology across the state and is the first of, what we believe, will be many projects to come. We are also excited about the ability to leverage our Elk Hills asset to create a Net Zero Industrial Park by combining green field development and carbon sequestration.”
CDMA Highlights:
“Partnering with CTV JV represents an incredible opportunity to continue the growth of our hydrogen and carbon capture businesses. California is at the forefront of the global energy transition and through this partnership, we intend to be a leader in its low-carbon fuels market,” said Greg Brooks, President and Founder of Lone Cypress Energy Services. “CTV’s unique expertise in subsurface operations and permitting, large CO2 storage position and ability to deliver on highly complex and capital-intensive projects provide us with a clear line of sight as we continue to evaluate additional projects in California. We are excited to generate the first blue hydrogen molecule in the state of California and provide the market with a low-cost low-carbon option to meet its decarbonization goals.”
In line with Governor Newsom’s recently announced climate measures, the construction process of the new Lone Cypress Hydrogen Project and associated CCS infrastructure is expected to provide at its peak approximatively 125 temporary construction jobs and 18 permanent technical jobs, further benefitting California’s economy and supporting the state’s leading climate goals.
About Carbon TerraVault Joint Venture
Carbon TerraVault Joint Venture (CTV JV) is a carbon management partnership focused on carbon capture and sequestration development, and was formed between Carbon TerraVault (CTV), a subsidiary of CRC, and Brookfield Renewable. The CTV JV develops both infrastructure and storage assets required for CCS development in California. CRC owns 51% of the CTV JV with Brookfield Renewable owning the remaining 49% interest.
About California Resources Corporation
California Resources Corporation (CRC) is an independent oil and natural gas company committed to energy transition in the sector. CRC has some of the lowest carbon intensity production in the US and CRC is focused on maximizing the value of our land, mineral and technical resources for decarbonization by developing CCS and other emissions reducing projects. For more information about CRC, please visit www.crc.com.
About Lone Cypress Energy Services
Lone Cypress Energy Services, LLC is an independent energy company focused on the development and operation of infrastructure across the entire energy value chain. Headquartered in Tulsa, OK, Lone Cypress offers a full suite of technology-enabled solutions including project development, project management, EPC contracting, and asset operations. Lone Cypress specializes in the development of hydrogen generation and distribution projects, waste to energy plant solutions, and traditional oil and gas midstream facilities. For more information, please visit www.lonecypressenergyservices.com.
Forward-Looking Statements
This document contains statements that CRC believes to be “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than historical facts are forward-looking statements, and include statements regarding CRC's future financial position, business strategy, projected revenues, earnings, costs, capital expenditures and plans and objectives of management for the future. Words such as "expect," “could,” “may,” "anticipate," "intend," "plan," “ability,” "believe," "seek," "see," "will," "would," “estimate,” “forecast,” "target," “guidance,” “outlook,” “opportunity” or “strategy” or similar expressions are generally intended to identify forward-looking statements. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, such statements.
Although CRC believes the expectations and forecasts reflected in CRC's forward-looking statements are reasonable, they are inherently subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond CRC's control. No assurance can be given that such forward-looking statements will be correct or achieved or that the assumptions are accurate or will not change over time. Particular uncertainties that could cause CRC's actual results to be materially different than those expressed in CRC's forward-looking statements include:
CRC cautions you not to place undue reliance on forward-looking statements contained in this document, which speak only as of the filing date, and CRC undertakes no obligation to update this information. This document may also contain information from third party sources. This data may involve a number of assumptions and limitations, and CRC has not independently verified them and do not warrant the accuracy or completeness of such third-party information.
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QUEBEC CITY--(BUSINESS WIRE)--Close to 200 union activists from across Quebec held a demonstration today in front of the Océan Remorquage head office in Quebec City, in support of the dozens of workers who have been on strike since June 20. They called for a federal anti-scab law, similar to the Quebec Labour Code that covers the majority of Quebec workers.
“Disputes like the one we’re seeing at Océan Remorquage would have been settled long ago if this company were required to comply with a federal anti-scab law. The government has made a commitment to address this issue and to bring in legislation that will prevent the use of replacement workers. It needs to take action without delay. This is important for families who are engaged in a labour dispute that’s the result of a free pass given to federally regulated employers,” said United Steelworkers union (USW) Quebec Director Dominic Lemieux.
Steelworkers and members of other affiliated unions came out to support the Océan Remorquage striking workers as well as locked-out workers at the Port de Québec and to unanimously demand federal anti-scab legislation.
While the strike at Océan Remorquage started on June 20, 2022, the workers have been without an employment contract since April 2021. Negotiations have stalled over wages and scheduling. The current wage offer is well below industry levels, and demands for scheduling changes have upended work and family balance and are tantamount to wage cuts.
“Every day, the scabs walk right past us. They’re driving our boats and undermining our negotiations. The worst part is that the company is paying them even more than what they refused us during bargaining. Because of these scabs and the lack of a federal anti-scab law, we will very likely spend Christmas on a picket line instead of with our families or doing the jobs we love,” said USW Local 9599 member Pascal Delisle on behalf of the Océan Remorquage strikers.
Last month, federal Minister of Labour Seamus O’Regan announced a consultation process and promised to table a replacement worker bill by December 2023.
“The USW will pressure the government and all parties to ensure this commitment to an anti-scab law is kept without delay,” said USW National Director Marty Warren, who attended the demonstrations in Quebec City. “This profoundly unfair practice of replacing locked out or striking union members must be stopped. Industrial stability in Canada is at stake. We’ve seen non-stop growth in the companies’ profit margins during the pandemic. It’s past time to restore balance between employers and workers,” added Warren.
Affiliated with the Quebec labour federation (Fédération des travailleurs et travailleuses du Québec, FTQ), the Syndicat des Métallos/United Steelworkers is the largest private-sector union in Quebec, representing more than 60,000 workers in all sectors of the economy.
Marty Warren, USW National Director, 416-544-5951
Kim Hume, USW Communications, 416-553-2421 (cell), This email address is being protected from spambots. You need JavaScript enabled to view it.
AMSTERDAM--(BUSINESS WIRE)--OCI N.V. (Euronext: OCI) today announced that construction is starting on what currently will be the largest blue ammonia facility to come onstream in Texas, wholly owned by OCI N.V. Today’s groundbreaking puts the project on track for production to begin as scheduled in 2025. The project also received its air permit from the Texas Commission on Environmental Quality (TCEQ) on 1 December 2022, another significant milestone.
The project’s site is adjacent to OCI’s existing integrated 1.4 million metric ton per year methanol-ammonia production facility in Beaumont and 1.8 million metric ton per year 50%-owned methanol joint venture, Natgasoline, and leverages the significant and growing capabilities that exist in Southeast Texas for blue and green ammonia and hydrogen production. The area already has extensive existing hydrogen pipeline delivery infrastructure, hydrogen storage capability and industrial customers. South East Texas also has a wealth of companies leading in energy technology integration, deployment, operations, and maintenance, and a skilled labor force in clean energy.
Nassef Sawiris, Executive Chair of OCI N.V. said: “We are delighted that OCI is expanding its already significant presence in South-East Texas, a region which, as a clean energy leader and with its strategic location, plays a key role in the growing low-to-zero carbon hydrogen industry and is one of the best places globally to invest in this area. We look forward to continuing our partnerships with Jefferson County, the City of Beaumont, Beaumont ISD, the special districts, and the State of Texas.”
Ahmed El-Hoshy, Chief Executive Officer of OCI N.V., commented: “The potential for clean ammonia to solve many of our global problems has become increasingly clear. It is not only an essential fertilizer that ensures food security for over 4 billion people, low-carbon ammonia is a clean fuel that provides an ideal solution available today for hard-to-abate sectors such as power and shipping. This world-scale facility will be a significant part of that, resulting in a very significant reduction in carbon emissions equivalent to taking almost half a million cars off the road permanently. The potential here is great and I’m delighted that breaking ground today signifies we’re on track to deliver on that.”
OCI will upgrade “over-the-fence” blue hydrogen to produce blue ammonia, where over 95% of carbon emissions will be captured and sequestered. This allows OCI to materially reduce the carbon intensity of its products for downstream customers along the value chain, resulting in carbon footprint reductions across a wide range of industries including transportation, power, manufacturing and agriculture.
The ammonia plant uses KBR technology and the EP (“Engineering and Procurement”) contract was awarded to Maire Tecnimont in March 2022.
Blue ammonia is produced from hydrogen derived from natural gas where the CO2 by-product is captured and sequestered. Green ammonia is produced from hydrogen based on renewable sources such as wind and solar rather than fossil fuels. This project has been designed to transition from blue to green ammonia production in the future as green hydrogen becomes available at larger scale.
OCI is also continuing its investments in the future talent of the area. OCI recently announced a $200k donation to the Beaumont Independent School District to develop opportunities to expand STEM education for students, continuing its long-term partnership with the school district.
About OCI N.V.
OCI N.V. (Euronext: OCI) is a leading global producer and distributor of hydrogen-based products providing low carbon fertilizers, fuels, and feedstock to agricultural, transportation, and industrial customers around the world. OCI’s production capacity spans four continents and comprises approximately 16.2 million metric tons per year of hydrogen-based products including nitrogen fertilizers, methanol, biofuels, diesel exhaust fluid, melamine, and other products. OCI has more than 3,850 employees, is headquartered in the Netherlands and listed on Euronext in Amsterdam.
Learn more about OCI at www.oci.nl. You can also follow OCI on Twitter and LinkedIn.
OCI N.V. Investor Relations:
Hans Zayed
Director
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Tel: +31 (0) 6 18 251 367
For additional information on OCI:
www.oci.nl
OCI stock symbols: OCI / OCI.NA / OCI.AS
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The Netherlands
MISSISSAUGA, Ontario--(BUSINESS WIRE)--Schneider Electric, the global leader in the digital transformation of energy management and automation, and ORPC, an internationally recognized leader in marine energy technology, innovation and operational excellence, have signed a memorandum of understanding to collaborate on microgrid projects to advance marine energy as a commercially-viable renewable energy source.
Through this collaboration, ORPC and Schneider Electric will install microgrid systems that include Schneider Electric’s energy storage and smart microgrid controllers with ORPC’s RivGen Power Systems to provide communities worldwide with highly predictable baseload electricity in renewable energy form, enabling the global transition towards net-zero societies.
“The ability to provide exciting, cutting-edge, sustainable solutions, like ORPC’s RivGen Power System, works as part of a portfolio of microgrid systems for our customers. It paves the way to establish marine energy as a commercially viable solution in the renewable energy mix,” said Bala Vinayagam, SVP Microgrid Line of Business from Schneider Electric. “The path to net zero includes many forms of decarbonization and having microgrid systems with ORPC’s technology only widens the impact on what our solutions can provide.”
Schneider Electric and ORPC are already working on implementing this solution in partnership with the remote, tribal community of Igiugig, Alaska. When this project is completed in the summer of 2023, the integrated system will form the grid for the community, moving the existing diesel generators to back-up and enabling the village to operate without diesel for between 60% and 90% of the time. In Igiugig, ORPC’s RivGen Power System has proven successful operating through three winters with temperatures going as low as -40 degrees C. As a result of environmental monitoring of the Igiugig project, comprising hundreds of hours of data, not a single injury or mortality to marine or aquatic life has been observed. Schneider Electric supplied Battery Energy Storage System (BESS) with EcoStruxure Microgrid Operation to enable use of River Gen system for diesel reduction. This is achieved by leveraging the Grid forming capability of the Schneider Electric BESS.
ORPC has already received inbound interest in its power systems from over 40 countries. Schneider’s global operations include offices in over 100 countries which will enable the two companies to build a global pipeline of projects.
‘’Nearly 1 billion people globally have no access to electricity and another 700 million rely on diesel-fueled off-grid systems. These communities pay up to 15 times more for electricity than grid-connected areas do, and deal daily with the noise, poor air quality and environmental risk resulting from diesel fuel use,” said ORPC CEO Stuart Davies. “We are so pleased to join forces with Schneider Electric, recognized as a leader for microgrid technology and sustainability (2022 Verdantix report) to better respond to the market inquiries we’ve been receiving and together provide baseload power solutions to these areas of the world with the greatest need.”
“The combination of ORPC’s RivGen Power System and Schneider Electric’s energy storage and smart microgrid controller can serve as a powerful tool to address climate change. For communities already using diesel generators, this system can provide a baseload energy solution and replacement for existing systems,” said Alexandre Paris, Senior Vice President & COO, ORPC. “Developing economies can build out their electricity networks economically without using expensive, centralized grids reliant on fossil fuels.”
“This partnership is an important step forward in our company’s journey to provide everyone, everywhere with access to clean, reliable electricity from sustainable sources such as marine renewable energy,” says Frederick Morency, VP Sustainability, Strategic Initiatives & Innovation, Schneider Electric. “The combination of Schneider Electric’s microgrid technology and ORPC’s power system solution offers an innovative path to bridge progress and sustainability – and empowers remote communities to help lead the energy transition and preserve the natural environment on which they have built their lives. I am proud of this collaboration and excited to see the new pathways we create together.”
About ORPC
Headquartered in the U.S., with subsidiaries in Canada, Ireland and Chile, ORPC is a recognized leader in marine energy technology innovation and operational excellence. A developer of clean, renewable power systems that harness energy from free-flowing rivers and tidal currents, ORPC’s rise to a leadership position in the worldwide marine energy industry is based on an impressive record of continuous improvement and success.
In 2021, ORPC was honored as "Innovator of the Year," by the State of Maine’s International Trade Center and has a long track record of prestigious awards dating back more than a decade, including “World’s Top Ten Most Innovative Companies in Energy” by Fast Company (2013), and the National Hydropower Association’s Award for Operational Excellence in 2016 (ORPC is the first marine energy company to receive this award).
Read more about ORPC at www.orpc.co. Press images are available for download here and here. Video is here.
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.
Our mission is to be your digital partner for Sustainability and Efficiency.
We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.
We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.
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Media Relations - Edelman on behalf of Schneider Electric, Juan Pablo Guerrero,
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