Board Strengthened with Addition of World-Class Proven Oil and Gas Finders
BOGOTA, Colombia--(BUSINESS WIRE)--GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator, today announced that, based on a final vote count certified by the Inspector of Elections, GeoPark shareholders reelected all the Directors that were standing for reelection to serve a term ending at the 2023 Annual General Meeting of Shareholders. In addition to the five reelected Directors, shareholders elected four new members to the Board.
Results of Annual General Meeting
The five reelected Directors were elected with a margin of 77% of the votes cast, on average, with a total of 65% of shares represented by proxies at the meeting. The two new Independent Directors and the two new executive Directors were each elected with a 99% majority of the votes cast. All the proposed Resolutions passed. The vote count is final and has been certified by the Inspector of Elections. Additional information regarding the results of the 2022 Annual General Meeting of Shareholders will be available in a report on Form 6-K to be filed with the Securities and Exchange Commission and posted on GeoPark’s website, www.geo-park.com.
The elected Directors are:
Two New Independent Directors with Broad Technical Expertise and Impressive Track Records
Two new Independent Directors, Brian F. Maxted and Carlos E. Macellari, were elected to the Board. They are world-class executives and well-known international oil and gas finders and developers.
Brian F. Maxted holds a bachelor’s degree in geology from the University of Sheffield and a master’s degree in organic geochemistry and petrology from the University of Newcastle-upon-Tyne. Mr. Maxted is a proven oil and gas finder, private equity entrepreneur and public company leader in the upstream E&P business, with a global track record of significant basin and play discoveries over 30 years. His illustrious career includes work for BP, Hess and Triton Energy. His work for BP included locations as diverse as Europe, Africa, North America and South America, where he was involved in the discovery of Colombia’s giant Cusiana and Cupiagua oil fields in the early 1990s. In 2003, Mr. Maxted became a founding partner and later the CEO/CXO and board member of Kosmos Energy. Under his guidance, the company made the large Jubilee Field discovery offshore Ghana as well as the giant Tortue gas find offshore Mauritania/Senegal. Mr. Maxted retired from Kosmos in 2019 and established Limatus Energy Advisory Limited to provide strategic counsel to upstream E&P companies. In addition, he led the formation of Lapis Energy, a company focused on carbon solutions in the US Lower 48, as well as in the UK/EU and Asia-Pacific, where he currently serves as Chairman of the Board.
Carlos E. Macellari holds a bachelor’s degree in geology from the Universidad Nacional de La Plata in Argentina, and a master´s degree and a PhD in geology from Ohio State University. He has over 30 years of successful exploration, development and management experience in the oil and gas industry across several continents, at Tecpetrol, Repsol YPF, Hocol, Benton Oil & Gas, Enron Oil & Gas International and Pecten International (Shell Oil). Importantly, Dr. Macellari led the subsurface team responsible for making Fortin de Piedra the largest gas producing block in Argentina, and the discovery and development of the Pendare Field in Colombia. As Worldwide Director of Geology, he also led the technical group behind Repsol’s exploration success in locations such as Libya, Algeria, Pre-Salt Brazil, the Gulf of Mexico, Venezuela and Peru. He has published over 40 technical papers and has been guest lecturer in numerous international forums. Since 2020, Dr. Macellari has served as a board member of Inverban, Tecpetrol Investments, Tecpetrol Servicios and Suizum.
Two New Experienced Executive Directors
Two new executive Directors join the Board: Andres Ocampo, CEO, and Marcela Vaca, General Director. Mr. Ocampo will contribute his substantial experience in GeoPark and ensure consistency in the execution of its strategy as CEO. Marcela Vaca is stepping away from her role as General Director to join the Board full-time and contribute her considerable legal and regulatory experience in Colombia.
Mr. Ocampo holds a bachelor’s degree in Economics from the Universidad Catolica Argentina, has more than 17 years of experience in business and finance and served as our Chief Financial Officer from November 2013 to June 2022. He joined GeoPark in 2010 and was the Director of Growth and Capital from January 2011 through October 2013. Mr. Ocampo has been instrumental in helping GeoPark reach some of its greatest milestones, including its entry into Colombia and Brazil, the IPO on the New York Stock Exchange, the acquisition of Amerisur Resources and the recent significant acreage expansion in Colombia. Our Board of Directors appointed Mr. Ocampo to serve as Chief Executive Officer of the Company effective as of July 1, 2022, by virtue of his wide experience in business management and finance together with his character, vision, and knowledge of the Company and his proven ability to lead successful teams. Before joining the Company, Mr. Ocampo worked at Credit Agricole Corporate & Investment Bank and Citigroup, focusing on the oil and gas and commodities industries.
GeoPark General Director Mrs. Vaca graduated in Law with a specialization in Commercial Law from the Pontificia Universidad Javeriana in Colombia and was a Fulbright Scholar with a Summa Cum Laude Master (LL. M.) from Georgetown University. She is a Colombian executive with more than 20 years of experience in planning, legal, environmental and social articulation and management of hydrocarbon exploration and production projects in Colombia and other countries in the region. Mrs. Vaca joined GeoPark in 2012 and has extensive experience in the Colombian oil and gas sector. She is ranked by Bloomberg Linea as one of the 500 most influential people in Latin America. In 2020, 2021 and 2022 Forbes named her as one of the 50 most powerful women in Colombia. She was a member of the Board of Directors of the Colombian Oil Association (Asociacion Colombiana de Petroleo) for more than 10 years and served as Chair in 2021.
Sylvia Escovar, Independent Chair of GeoPark’s Board of Directors, said: “On behalf of the Board, I would like to thank GeoPark shareholders for supporting both existing and incoming Board members. The new Independent Directors, with years of hands-on technical experience and proven know-how in finding oil and developing upstream oil & gas companies internationally, will help GeoPark balance the multiple challenges of growth, returns and the energy transition. The new Executive Directors will strengthen the Board immeasurably by ensuring the smooth execution of the Board’s strategy.”
For further information, please contact:
INVESTORS:
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DUBLIN--(BUSINESS WIRE)--The "Boat Monitoring Market - Global Outlook & Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
Boat monitoring systems track and monitor a boat's speed, position, and direction of travel. The monitoring system is segregated into position and tracking, control system, security system, and others. The demand and adoption of boating activities are high in the US due to numerous reasons such as increased urbanization and a rise in living standards, an increase in socializing sports, building family memories and experiences, and unplugging from work.
The importance and widening acceptance of boat monitoring systems have increased market growth in the years to come. Manufacturers are trying to spur the demand for boat monitoring devices by adding the latest technology, such as involvement IoT solutions, to simplify and enhance the boating experience.
Adding joysticks to control the boat is also a move toward offering a game-like experience. Sending alerts, security and theft prevention, remote boat control, maintenance, reduced insurance costs and fleet managers are the significant advantages that drive the market growth.
Technological Advancements
In 2021, the boat monitoring market witnessed a surge in the launch of technologically advanced boat monitoring systems. Technology is increasingly being used as a tool to monitor and control boats.
It has become a lot simpler to keep track and monitor boats with advancements in technology.
Some of the boat monitoring technologies used in the industry are as follows:
Automatic Positioning Systems: This system acts as a virtual anchor for the boat. This boat technology uses GPS satellites to maintain the current position of a boat. This system helps boaters explore the surrounding areas without worrying much about leaving their boat unattended.
Boats with Inbuilt Tracking Devices: This technology uses GPS to track a boat. This is beneficial in emergency cases, where emergency services can reach the desired spot in less time as the exact location is known through GPS.
Beacons: These devices can send messages to smartphones within their connectivity range. Boats with beacons send detailed information about the boat to the user's smartphone. For instance, BoatGod from Boatpilot receives data from the vessel's onboard devices and allows users to control the vital functions of the boat, literally turning the boat into a smart home.
Self-sailing boats are seen as the future of sailing where boaters can enjoy their time with family while the boat drives itself on a pre-defined route. For instance, MIT and the Amsterdam Institute for Advanced Metropolitan Solutions have demonstrated Robot's self-sailing boat.
Key Questions Answered
1. How Big is the Global Boat Monitoring Market?
2. What is the Growth Rate of the Global Boat Monitoring Market?
3. What Are the Growth Factors in the Global Boat Monitoring Market?
4. Who Are the Leading Players in the Global Boat Monitoring Market?
5. Which Region is Expected to Hold the Largest Share in the Global Boat Monitoring Market by 2028?
Market Dynamics
Opportunities & Trends
Growth Enablers
Restraints
Market Segmentation
by Monitoring System
by Application
by Regions
Competitive Landscape
The global boat monitoring market is fragmented, and the degree of fragmentation is expected to accelerate during the forecast period. There is a significant number of global and domestic vendors across the geographies. The adoption rate of boat monitoring systems among end-users worldwide has been impressive.
Due to the higher demand for yachts and different outboard boats, the industry has witnessed the entry of several new vendors. The competition among these companies has intensified, leading to several innovative and advanced solutions. These players compete on various factors such as price, quality, availability, brand, and variety. However, the price is set to become a significant base for competition among players to gain an edge over other vendors in the market.
The market concentration in developed countries such as the US and other Western European countries is high, while the industry is growing in developing economies such as China and India because of the entry of several international brands in these countries. The competition among vendors is based on product offerings and pricing. Vendors are using new business models and focusing on developing the portfolio of their established products to drive growth.
Key Vendors
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Energy experts recommend highly flexible, dispatchable generation to maintain grid reliability and resiliency for Asia’s low-carbon energy systems
BANGKOK--(BUSINESS WIRE)--Expanding variable renewable energy resources while boosting the reliability of Asia’s electric grid will require the use of integrated solutions, including gas-fired generation, to accelerate a successful energy transition.
In its new eBook, Natural Gas: An Energy Transition Fuel for Asia, Black & Veatch highlights opportunities for innovation and lowering energy system emissions. These opportunities include production and supply of liquefied natural gas (LNG) to fuel the generation of electric power through turbine technology and the development of alternative sustainable fuels such as hydrogen. The eBook illustrates how cost efficiencies can be achieved by planning through the entire current and future natural gas value chain.
“To accommodate increased variable renewable generation, deploying integrated solutions, including gas-fired generation, will be critical to stabilize regional grids and enhance their resilience,” said Narsingh Chaudhary, Executive Vice President & Managing Director, Asia Pacific, Black & Veatch.
Chaudhary added that while both wind and solar power help address clean energy by replacing fossil energy with zero-emission electricity, in the near-term as energy storage technologies evolve, a mix of generation solutions is the best course of action.
In the eBook, Black & Veatch energy experts assess opportunities to monetize gas fields from early-stage commercial modelling of bankable projects through to the schedule and modularity advantages of building floating LNG infrastructure. It details how holistic project planning can present opportunities to co-locate and integrate LNG receiving terminals alongside gas-fired power plants as well as other off-takers of ‘cold energy’ including data centers through to refrigeration facilities, while also designing for the longer-term combustion of carbon-emissions-free green hydrogen at gas-fired power facility.
To address energy security and climate change issues, Chaudhary advises stakeholders to consider opportunities across the gas value chain and life cycle of the assets under investment as other complementary decarbonization technologies become economically and technically feasible.
According to the Black & Veatch 2022 Asia Electric Report, gas-fired power has a future as an investment class in Asia. Approximately 50 percent of respondents believe that over the next five years there will be ‘more investment’ in gas or LNG-to-power facilities combined with carbon capture while, separately, 46 percent of respondents believe gas-fired generation will remain an important part of the grid beyond 2035.
Chaudhary will discuss the evolving role of gas and LNG in ASEAN’s energy mix at the Future Energy Asia event in July 2022, during the panel session, “Decarbonisation & GHG Commitment - Gas and LNG as Cleaner Fuels to Bridge ASEAN’s Energy Transition”.
Editor’s Notes:
About Black & Veatch
Black & Veatch is a 100-percent employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure assets. Our revenues in 2021 exceeded US$3.3 billion. Follow us on www.bv.com and on social media.
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LAS VEGAS--(BUSINESS WIRE)--$AGH #Amazon--BitNile Holdings, Inc. (NYSE American: NILE) announced today that its green energy technology and power supply subsidiary, TurnOnGreen, Inc. (“TurnOnGreen”), has multiple Level 2 Electrical Vehicle (“EV”) chargers and DC fast chargers approved for rebate by the California Electric Vehicle Infrastructure Project (“CALe-VIP”) and Southern California Edison Charge Ready Program. The Company has also earned an ENERGY STAR certification for its EV700 32-amp EV charger for residential and commercial installations. ENERGY STAR is the government-backed symbol for energy efficiency, providing credible information that consumers and businesses rely on to make well-informed decisions and is a requirement for many of the rebate programs throughout the United States.
The United States Environmental Protection Agency (the “EPA”) awards ENERGY STAR certification to EV chargers proven to be the most energy-efficient after meeting rigorous energy efficiency and sustainability standards. The ENERGY STAR certified TurnOnGreen EV700 smart charger features innovative technology compatible with most electric vehicles on the road, including Ford, Chevrolet, Mullen, Lucid, Nissan, Kia, Hyundai, BMW, Mercedes, and Tesla when using the J1772 adapter. The EV700 can add up to 32 miles of range for every hour of charging and features an easy-to-use LCD touch screen and smartphone application. TurnOnGreen launched the EV700 in North America in January 2022. Consumers and businesses can purchase the EV700 at www.TurnOnGreen.com/EV700 or through major e-commerce retailers like Walmart, Amazon, and DigiKey.
The CALe-VIP program offers incentives for purchasing and installing electric vehicle charging infrastructure at publicly accessible sites throughout California. As of June 2022, it has awarded over $146 million in EV charger rebates. The program has helped install 1,339 DC Fast Chargers and 6,180 publicly accessible Level 2 chargers in California. Southern California Edison (“SOCAL Edison”) is one of the largest electric utilities in the United States and a leader in renewable energy and energy efficiency. The $436 million SOCAL Edison Charge Ready Program seeks to add 38,000 new EV car chargers throughout the Utility’s service area in Southern California over the next four years.
“We are committed to developing innovative products that can help EV drivers reliably charge their vehicles using the right amount of power,” said Amos Kohn, TurnOnGreen CEO and Chief Engineer. “We are proud to provide EV charging solutions that are rebate eligible and meet the needs of consumers and businesses while offering them a path to sustainability.”
“To be part of the two largest EV Charging infrastructure rebate programs in California is a major milestone for TurnOnGreen and will help expand our EV charging footprint throughout the state,” said Marcus Charuvastra, TurnOnGreen’s Chief Revenue Officer. “The Energy Star Certification for the EV700 is also a major event for TurnOnGreen as it enables the product to become eligible for the hundreds of rebate programs offered by federal, state, and municipal government agencies as well as the multitude of Utility rebate programs throughout the United States.”
According to a report by Grand View Research, as of 2021, the U.S. EV charging infrastructure market has an estimated value of $2.85 billion and is expected to advance at a compound annual growth rate (CAGR) of 36.9% from 2022 to 2030. The market growth is a result of the expansion of government initiatives to fund public and private EV charging infrastructure projects and programs that encourage consumers to buy electric vehicles.
For more information on TurnOnGreen’s product line, please visit www.TurnOnGreen.com.
For more information on BitNile Holdings and its subsidiaries, BitNile recommends that stockholders, investors, and any other interested parties read BitNile’s public filings and press releases available under the Investor Relations section at www.BitNile.com or available at www.sec.gov.
About BitNile Holdings, Inc.
BitNile Holdings, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, BitNile owns and operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including defense/aerospace, industrial, automotive, telecommunications, medical/biopharma and textiles. In addition, BitNile extends credit to select entrepreneurial businesses through a licensed lending subsidiary. BitNile’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.BitNile.com.
About TurnOnGreen, Inc.
TurnOnGreen Inc. designs and manufactures innovative, feature-rich, and top-quality power products for mission-critical applications, lifesaving and sustaining applications spanning multiple sectors in the harshest environments. The diverse markets we serve include defense and aerospace, medical and healthcare, industrial, telecommunications and e-Mobility. TurnOnGreen brings decades of experience to every project, working with our clients to develop leading-edge products to meet a wide range of needs. TurnOnGreen’s headquarters are located at Milpitas, CA; www.TurnOnGreen.com.
Forward-Looking Statements
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. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.BitNile.com.
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EXPLORA I, Explora Journeys’ first ship, will benefit from SES’s world-leading connectivity service that aligns with Explora Journeys’ long-held ambition to redefine luxury ocean travel
LUXEMBOURG--(BUSINESS WIRE)--SES, the world’s leading content connectivity satellite service provider, today announced that it will be providing global connectivity services to Explora Journeys, debuting on EXPLORA I. Guests and crew will benefit from SES’s best-in-class low latency, highest available throughput and global Cruise mPOWERED connectivity service.
Explora Journeys, the new luxury lifestyle brand of the MSC Group, is redefining the ocean experience for a new generation of discerning luxury travellers. The brand’s aspiration is to create a unique ‘Ocean State of Mind’ by connecting guests with the sea, with themselves, and with like-minded people, while remarkable itineraries will blend renowned destinations with lesser-travelled ports, for a journey that inspires discovery in all its forms.
Today’s announcement means that guests onboard the EXPLORA I will enjoy complementary, high-speed, reliable, and uninterrupted Wi-Fi, no matter how remote their location. Whether they are streaming their favourite content or sharing their onboard experience from any part of the ship. In addition, enhanced connectivity will improve crew welfare and training, employee performance, motivation, and retention.
This connectivity is delivered by SES’s upcoming second-generation medium earth orbit (MEO) system - O3b mPOWER - which operates around 8,000km above earth’s surface, and SES’s geostationary (GEO) fleet of satellites ensuring seamless connectivity, wherever and whenever.
Michael Ungerer, CEO of Explora Journeys commented, “High-speed, reliable and uninterrupted connectivity is no longer a ‘nice to have’, with demand for connectivity services at sea growing in tandem with the development of social media platforms. Today’s guests simply expect seamless and uninterrupted connectivity comparable to on land as they want to share their experiences and stay online as much as possible. We are pleased to be able to offer this connectivity experience to our guests onboard Explora I thanks to SES’s services.”
Simon Maher, Vice President Global Sales, Cruise Maritime Services at SES, said, “It is incredibly exciting to be working with Explora Journeys whose innovative approach is setting new standards in ultra-luxury curated travel experiences at sea. Connectivity is one of the most important enablers for such travel experiences from both a guest and crew point of view. Our O3b mPOWER ultra-fast, low-latency connectivity is empowering a new experience that will revolutionise the ultra-luxury expedition maritime segment.”
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About SES
SES has a bold vision to deliver amazing experiences everywhere on earth by distributing the highest quality video content and providing seamless connectivity around the world. As the leader in global content connectivity solutions, SES operates the world’s only multi-orbit constellation of satellites with the unique combination of global coverage and high performance, including the commercially-proven, low-latency Medium Earth Orbit O3b system. By leveraging a vast and intelligent, cloud-enabled network, SES is able to deliver high-quality connectivity solutions anywhere on land, at sea or in the air, and is a trusted partner to the world’s leading telecommunications companies, mobile network operators, governments, connectivity and cloud service providers, broadcasters, video platform operators and content owners. SES’s video network carries almost 8,200 channels and has an unparalleled reach of 367 million households, delivering managed media services for both linear and non-linear content. The company is listed on Paris and Luxembourg stock exchanges (Ticker: SESG). Further information is available at: www.ses.com.
About Explora Journeys
Explora Journeys is redefining ocean travel for a new generation of discerning explorers. With the first of four luxury ships scheduled to set sail in 2023, remarkable itineraries will blend renowned destinations with lesser-travelled ports for a journey that celebrates discovery. Whether on board or ashore, guests will reconnect with what matters most—themselves, their loved ones, and the world around them. With 461 oceanfront suites, every guest will enjoy sweeping sea views and a private terrace, while being spoilt for choice with nine distinct restaurants providing unrivalled variety at sea. Equipped with the latest in environmental-supporting and marine technologies, Explora Journeys will introduce a unique luxury travel experience for those who want to explore differently. To learn more about Explora Journeys, visit ExploraJourneys.com or follow along on Instagram, Twitter, Facebook and LinkedIn.
For further information please contact:
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External Communications
Tel. +352 710 725 500
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DUBLIN--(BUSINESS WIRE)--The "India EV Charging Equipment Market Outlook to FY'2026 - Driven by Increasing Adoption of Electric Vehicles Along With Implementation of Fame II Policy by Government" report has been added to ResearchAndMarkets.com's offering.
India EV Charging Equipment Market Outlook to FY'2026 provides a comprehensive analysis of the potential of Electric Vehicle Charging Equipment industry in India.
The report covers various aspects including the current EV Scenario and charging infrastructure status in India, revenue generated from EV Charging equipment, its segmentations viz Type of Charger - Fast (DC) vs. Slow (AC), Type of Charging Stations, Application (4W vs. 3W vs. 2W), Geographic Distribution, Distribution Channel and By Organized and Unorganized Sector, major trends and development, issues and challenges, government regulations and product analysis.
The report concludes with market projections for future of the industry including forecasted industry size by revenue along with analyst recommendations and key market opportunities.
India Electric Vehicle Charging Equipment Market
India, the world's 6th largest economy by nominal GDP and the 3rd largest by PPP, is characterized as a middle-income developing market economy. 2- and 3- Wheelers that account for close to 50% share dominate the Indian urban mobility modal share. EVs are slowly gaining traction with less than 2% of vehicles deployed as EVs in India.
The charging infrastructure in India is currently quite under-developed with as many as 26 EVs per charger available in the country, compared to only 8 in China and 17 in the US. There are ~300 community charging stations in India, of which 22 were fast-charging points in 202.
However, India EV Charging Equipment Market gained significant momentum after the implementation of FAME India scheme. The Department of Heavy Industry (DHI) also planned to incentivize 1,000+ charging stations with 6,000+ chargers, which is the major growth driver for the market.
Lack of Space, Infrastructure and Manpower for Setting-Up along with High Initial Cost of Charging Equipment and Installation are the major challenges in India EV Charging Equipment Market.
India Electric Vehicle Charging Equipment Market Competition
The market is highly fragmented with presence of major private and public entities setting up charging infrastructure in various potential locations across India. Different types of EV Chargers are available in the Indian Market comprising of Type 1, Type 2, AC and DC, unidirectional and bidirectional charging catering to e4W, e3W as well as e2W.
While EESL stands out in the race, owing to its bagging of all the major contracts under FAME I scheme and being a public entity, other companies such as ABB, Fortum, Aeidth, EESL, Ather Energy, Volttic, Charge+Zone are also the key players in the market. To be price competitive and reduce the risk that comes from the mere sale of energy, CPOs may need to explore partnerships and adjacent offerings.
India Electric Vehicle Charging Equipment Market Future Outlook and Projections
India EV Charging Equipment Market is expected to generate substantial revenues owing to increase in market penetration of EVs and surge in government initiatives for development of EV charging infrastructure. With the right government policies, a local supply chain, lower battery prices and widespread charging infrastructure, the EV market could contribute $6.4 Bn in next 5 years.
eRickshaws, eAutos, and e2Ws are the most promising segments for electrification in India and are expected to account for more than 4 million units by 2025. Further, limited number of EV charging stations, lack of standardization of EV charging, rise in demand for luxury and feature enabled vehicles, and wireless charging for EVs to have strong impact on the market.
India Electric Vehicle Charging Equipment Market Segmentation
Time Period Captured in the Report
Key Topics Covered:
1. Executive Summary
2. Indian Electric Vehicle Market Growth Opportunities
3. Overview of India EV Charging Equipment Market
4. India EV Charging Equipment Market Segmentation
5. Overview of Charge Point Operators in India
6. Product Landscape of EV Chargers in India
7. Government Initiatives and Regulations in India EV Charging Equipment Market
8. India EV Charging Equipment Market Industry Analysis
9. Outlook and Future Projections for India EV Charging Equipment Market
10. Market Opportunity and Analyst Recommendations
Companies Mentioned
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PARIS--(BUSINESS WIRE)--On June 8, 2022, the EU passed the Prohibition of Fuel Vehicles Act, which will stop the sale of new fuel vehicles in the EU from 2035. The ban also includes hybrid vehicles. Europe is a strong advocate to address climate change and reduce greenhouse gas emissions. In recent years, it has firmly fulfilled its commitments to the Paris Agreement and led the green and low-carbon development of the economy. The passage of this bill also means that the EU is close to achieving zero-carbon emissions by 2045. The goal of neutralization is one step closer.
In the wave of energy conservation, emission reduction and carbon neutrality, low-carbon environmental protection has become the general trend in the world. Through the layout of new energy vehicles to balance energy conservation and environmental protection issues, Chery is one of the earliest companies in China to develop new energy vehicles. Since 1999,. Chery has formed a leading edge with four major vehicle platforms, five general subsystems and seven core technologies, and has built a complete new energy technology research and development system including vehicle integration, core technologies, and core component development capabilities. Motors and electronic control companies have their own core technologies, and its EQ1 model has become a leader in small-sized electric vehicles in China and around the globe. In order to actively respond to the EU's international environmental protection concept of carbon neutrality, OMODA new energy models equipped with Chery's core technology are expected to land in France. In the future, Chery will continue to devote itself to the research and development of new energy, energy conservation and environmental protection technologies. We have the ability and responsibility to take action on climate change and help build a sustainable society together.
Facebook: Chery France
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DALLAS--(BUSINESS WIRE)--AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, announced today it has been selected by the Arizona Department of Transportation (ADOT) Multimodal Planning Division to develop a plan for the statewide deployment of electric vehicle (EV) charging stations, which will demonstrate how ADOT can deploy EV charging stations adjacent to state alternative fuel corridors and interstates and will comply with Federal National Electric Vehicle Infrastructure (NEVI) guidance. The development of an EV infrastructure deployment plan will also educate the public, with the goal of reducing range anxiety and encouraging vehicle purchasers to consider EVs as a viable alternative to gasoline or diesel-powered vehicles.
“With the creation of the Joint Office of Energy and Transportation, there is an immense opportunity to transform how mobility is addressed within our communities,” said Jennifer Aument, chief executive of AECOM’s global Transportation business. “As a leader in emerging electrification technologies, we’re intimately familiar with NEVI guidance and have a deep bench of capabilities to support our clients as they navigate the transportation-energy nexus. We look forward to partnering with ADOT to deliver a data-driven, strategic plan for the siting of EV chargers and assisting the state in receiving significant benefits from federal funding sources.”
In addition to delivering an EV infrastructure deployment plan, AECOM’s scope is expected to include project management to support goals and objectives; stakeholder engagement and outreach to help the public understand opportunities and capture feedback; existing and future conditions analysis, including charging demand and grid capacity assessment; support and guidance for future EV charging infrastructure deployment, including siting and charging location cost analysis; and federal funding compliance, such as NEVI guidance.
“Transportation electrification is key to improving environmental and public health while bolstering transit mobility, parity, and sustainability. Our team of experts, who reflect nationwide best practices and local experience, are thrilled to support Arizona’s deployment of a convenient, affordable, reliable, and equitable EV network in this capacity,” said Travis Boone, chief executive of AECOM’s U.S. West region. “In line with our Sustainable Legacies strategy, we’re proud to work with clients such as ADOT to help them achieve their electrification goals and are excited to partner with the Multimodal Planning Division to execute a successful and expediated EV infrastructure deployment plan.”
AECOM is committed to delivering transformative environmental, social, and governance objectives through its Sustainable Legacies strategy, so that the work it does in partnership with its clients leaves a positive impact for years to come.
About AECOM
AECOM (NYSE: ACM) is the world’s trusted infrastructure consulting firm, delivering professional services throughout the project lifecycle – from planning, design and engineering to program and construction management. On projects spanning transportation, buildings, water, new energy, and the environment, our public- and private-sector clients trust us to solve their most complex challenges. Our teams are driven by a common purpose to deliver a better world through our unrivaled technical expertise and innovation, a culture of equity, diversity and inclusion, and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business had revenue of $13.3 billion in fiscal year 2021. See how we are delivering sustainable legacies for generations to come at aecom.com and @AECOM.
Forward-Looking Statements
All statements in this communication other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, coronavirus impacts, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; impacts caused by the coronavirus and the related economic instability and market volatility, including the reaction of governments to the coronavirus, including any prolonged period of travel, commercial or other similar restrictions, the delay in commencement, or temporary or permanent halting of construction, infrastructure or other projects, requirements that we remove our employees or personnel from the field for their protection, and delays or reductions in planned initiatives by our governmental or commercial clients or potential clients; losses under fixed-price contracts; limited control over operations run through our joint venture entities; liability for misconduct by our employees or consultants; failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; potential high leverage and inability to service our debt and guarantees; ability to continue payment of dividends; exposure to political and economic risks in different countries, including tariffs; currency exchange rate and interest fluctuations; retaining and recruiting key technical and management personnel; legal claims; inadequate insurance coverage; environmental law compliance and inadequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; AECOM Capital’s real estate development; managing pension cost; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of various dispositions such as the sale of our Management Services, self-perform at-risk civil infrastructure, power construction, and oil and gas construction businesses, including the risk that purchase price adjustments, if any, from those transactions could be unfavorable and any future proceeds owed to us as part of those transactions could be lower than we expect; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.
Media Contact:
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FARNBOROUGH, England--(BUSINESS WIRE)--Curtiss-Wright Corporation (NYSE: CW) today announced that it has been selected by Airbus to provide custom electric actuation technology for the Main Deck Cargo Door on the future Airbus A350F freighter aircraft. The A350F, a variant of the Airbus A350, will be the first wide body freighter aircraft built with a majority of composite materials.
Under the contract, Curtiss-Wright will provide Airbus with an electro-mechanical actuation solution that features rotary and linear actuators, alongside control and power electronics, to open, close, latch and lock the A350F’s Main Deck Cargo Door. Curtiss-Wright’s actuation solution includes a high-voltage DC architecture that minimizes weight, offers improved reliability over legacy systems, and incorporates health monitoring functions.
“Curtiss-Wright is very proud to have been selected to provide our critical electric actuation technology expertise in support of the new A350F freighter, as this contract represents our first electromechanical actuation contract award with Airbus and further expands the breadth of our leading-edge technologies to the commercial aerospace industry,” said Lynn M. Bamford, Chair and CEO of Curtiss-Wright Corporation. “In addition, this program closely aligns with our strategy of helping our customers improve the functionality and reliability of their aircraft, including enhanced fuel efficiency, through the use of innovative electromechanical actuation systems.”
Thanks to its latest-generation efficiency in terms of fuel burn, CO2 emissions and economics, the A350F is expected to be the only freighter aircraft capable of meeting the latest ICAO CO2 emissions requirements that come into effect in 2027.
The products covered by this agreement will be shipped to Airbus in different European facilities. Curtiss-Wright designs and manufactures its electric actuation products at its Shelby, N.C. and Stratford, Ontario facilities.
About Curtiss-Wright Corporation
Curtiss-Wright Corporation (NYSE:CW) is a global integrated business that provides highly engineered products, solutions and services mainly to Aerospace & Defense markets, as well as critical technologies in demanding Commercial Power, Process and Industrial markets. We leverage a workforce of 7,800 highly skilled employees who develop, design and build what we believe are the best engineered solutions to the markets we serve. Building on the heritage of Glenn Curtiss and the Wright brothers, Curtiss-Wright has a long tradition of providing innovative solutions through trusted customer relationships. For more information, visit www.curtisswright.com.
Note: Trademarks are property of their respective owners.
This press release contains forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements, including statements relating to Curtiss-Wright’s expectations of a continued relationship with an existing customer, the continued funding and success of this commercial aviation platform program, the performance of its products in this program, and the potential value associated with this contract, are not considered historical facts and are considered forward-looking statements under the federal securities laws. Such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Such risks and uncertainties include, but are not limited to: a reduction in anticipated orders; an economic downturn; changes in competitive marketplace and/or customer requirements; a change in US and Foreign government spending; an inability to perform customer contracts at anticipated cost levels; and other factors that generally affect the business of aerospace, defense contracting, marine, electronics and industrial companies. Please refer to the Company's current SEC filings under the Securities Exchange Act of 1934, as amended, for further information.
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TULSA, Okla.--(BUSINESS WIRE)--Alliance Resource Partners, L.P. (NASDAQ: ARLP) will report its second quarter 2022 financial results before the market opens on Monday, August 1, 2022. Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day.
To participate in the conference call, dial (877) 407-0784 and request to be connected to the Alliance Resource Partners, L.P. earnings conference call. International callers should dial (201) 689-8560 and request to be connected to the same call. Investors may also listen to the call via the “investor information” section of ARLP’s website at http://www.arlp.com.
An audio replay of the conference call will be available for approximately one week. To access the audio replay, dial U.S. Toll Free (844) 512-2921; International Toll (412) 317-6671 and request to be connected to replay using access code 13731312.
About Alliance Resource Partners, L.P.
ARLP is a diversified energy company that is currently the largest coal producer in the Eastern United States. ARLP also generates operating and royalty income from mineral interests it owns in strategic coal and oil & gas producing regions in the United States. In addition, ARLP is positioning itself as an energy provider for the future by leveraging its core technology and operating competencies to make strategic investments in the fast-growing energy and infrastructure transition.
News, unit prices and additional information about ARLP, including filings with the Securities and Exchange Commission ("SEC"), are available at http://www.arlp.com. For more information, contact the investor relations department of ARLP at (918) 295-7674 or via e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it..
Brian L. Cantrell
Alliance Resource Partners, L.P.
(918) 295-7673
LONDON & NEW YORK--(BUSINESS WIRE)--$EVTL--Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering zero emissions aviation, today announces a partnership with Babcock International (Babcock) [LON: BAB], the aerospace, defence and security company to explore new applications for its VX4 eVTOL aircraft.
The VX4 has proven demand in the passenger transportation markets from established airline customers including Virgin Atlantic, aircraft lessors such as Avolon, and helicopter and tourism operators such as Bristow and Iberojet. With today’s announcement, Vertical and Babcock will set up a Joint Working Group (JWG) to explore how to use the VX4 in new applications such as aerial EMS and cargo transportation. The VX4 has the potential to transform these types of operations and reduce their carbon impact at a lower overall cost.
The piloted zero operating emissions four-passenger VX4, is projected to be capable of travelling distances over 100 miles, achieving top speeds of over 200mph, while producing minimal noise and having a low cost per passenger mile.
Babcock has over thirty-five years of experience in EMS, performing thousands of missions every year globally, and is the largest single operator delivering helicopter emergency services (HEMS) in the UK. By reducing the medical response time, Babcock not only saves lives, but also significantly minimises the long-term effects of injuries. This will include reviewing how to use the VX4 in vital services such as attending accidents and providing emergency transport between hospitals.
The partnership will also see the two companies working on developing modular MRO capabilities to enable cost effective maintenance of the aircraft in both remote and challenging environments. The partnership will also see the two companies working on the development of modular MRO capabilities to maximise availability and enable cost effective maintenance of the VX4 in service. Leveraging Babcock’s experience in the defence industry, the partnership will also explore how the eVTOL concept may be expanded in the future to support the armed forces with medium range logistics delivery and casualty evacuation services.
Stephen Fitzpatrick, Founder & CEO, Vertical Aerospace, said “Climate change is the greatest challenge of our time. As with all other areas, the emergency services and logistics sectors must respond and adapt. I am delighted that Vertical Aerospace will be able support Babcock, a trusted provider of emergency response services, in their efforts to decarbonise their operations.”
Phil Craig, Managing Director of UK Aviation at Babcock, added: “Partnering with Vertical Aerospace not only enables us to harness our extensive digital and data expertise across Babcock, but also our reputation as a trusted MRO provider with a highly skilled workforce. As a business, we’re committed to reducing our carbon footprint and this partnership is an exciting step into the world of electric aircrafts. Exploring VX4’s technological capabilities allows us to understand how it can be used to deliver critical care and logistical support in challenging environments with zero emissions.”
About Vertical Aerospace
Vertical Aerospace is pioneering electric aviation. The company was founded in 2016 by Stephen Fitzpatrick, an established entrepreneur best known as the founder of the OVO Group, a leading energy and technology group and Europe’s largest independent energy retailer. Over the past five years, Vertical has focused on building the most experienced and senior team in the eVTOL industry, who have over 1,700 combined years of engineering experience, and have certified and supported over 30 different civil and military aircraft and propulsion systems.
Vertical’s top-tier partner ecosystem is expected to de-risk operational execution and its pathway to certification allows for a lean cost structure and enables production at scale. Vertical has a market-leading pre-order book by value for more than 1,400 aircraft from global customers creating multiple potential near term and actionable routes to market. Customers include American Airlines, Virgin Atlantic, Avolon, Bristow, Marubeni, Iberojet and FLYINGGROUP, as well as Japan Airlines (JAL), Gol, Air Greenland, Gozen Holding and AirAsia, through Avolon’s VX4 placements.
Vertical’s ordinary shares and warrants commenced trading on the NYSE in December 2021 under the tickers “EVTL” and “EVTLW,” respectively.
About the VX4 eVTOL Aircraft
The piloted zero operating emissions four-passenger VX4, is projected to be capable of travelling distances over 100 miles, achieving top speeds of over 200mph, while producing minimal noise and has a low cost per passenger mile. The VX4 is expected to open up advanced air mobility to a whole new range of passengers and transform how we travel. Find out more: vertical-aerospace.com
Vertical Media Kit
Available here
About Babcock
Babcock is an international aerospace, defence and security company, with a leading naval business, providing value add services across a range of countries, including the UK, France, Canada, Australia and South Africa. We help customers in the UK and around the world to improve the capability, reliability and availability of their most critical assets.
With over 35 years of experience in aerial emergency medical services (EMS), the most up-to-date fleet and equipment, the best qualified personnel, and medical bases in all our countries of operation, Babcock is trusted by its customers, including national and regional government bodies and charity organisations, to deliver these vital services.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any express or implied statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding the certification and the commercialization of the VX4 and related timelines, the differential strategy compared to its peer group, and the transition towards a net-zero emissions economy, expected financial performance and operational performance for the fiscal year ending December 31, 2022, as well as statements that include the words “expect,” “intend,” “plan,” “believe,” “project,” “forecast,” “estimate,” “may,” “should,” “anticipate,” “will,” “aim,” “potential,” “continue,” “are likely to” and similar statements of a future or forward-looking nature. Forward-looking statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation: Vertical’s limited operating history without manufactured non-prototype aircraft or completed eVTOL aircraft customer order; Vertical’s history of losses and the expectation to incur significant expenses and continuing losses for the foreseeable future; the market for eVTOL aircraft being in a relatively early stage; the potential inability of Vertical to produce or launch aircraft in the volumes and on timelines projected; the potential inability of Vertical to obtain the necessary certifications on the timelines projected; any accidents or incidents involving eVTOL aircraft could harm Vertical’s business; Vertical’s dependence on partners and suppliers for the components in its aircraft and for operational needs; the potential that certain of Vertical’s strategic partnerships may not materialize into long-term partnership arrangements; pre-orders Vertical has received for its aircraft are conditional and may be terminated at any time in writing prior to certain specified dates; any potential failure by Vertical to effectively manage its growth; the impact of COVID-19 on Vertical’s business; Vertical has identified material weaknesses in its internal controls over financial reporting and may be unable to remediate the material weaknesses; Vertical’s dependence on our senior management team and other highly skilled personnel; as a foreign private issuer Vertical follows certain home country corporate governance rules, is not subject to U.S. proxy rules and is subject to Exchange Act reporting obligations that, to some extent, are more lenient and less frequent than those of a U.S. domestic public company; and the other important factors discussed under the caption “Risk Factors” in our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) on April 29, 2022, as such factors may be updated from time to time in Vertical’s other filings with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. Vertical disclaims any obligation or undertaking to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.
Vertical Media
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+ NMG’s planned all-electric operations powered by renewable energy combined with clean processing technologies are set to generate advanced materials with an exceptionally low climate change impact, in line with global decarbonization efforts
+ NMG’s CSPG is modelled to have an expected Global Warming Potential of 1.23 kg CO2 equivalent per kg, an impact up to 11 times smaller than that of benchmarked production
+ Results confirm NMG’s industry-leading environmental footprint and preferential market position as battery and EV manufacturers seek green anode material sources
+ As the main lithium-ion battery component, graphite is instrumental to the energy transition; NMG’s materials can support responsible production
MONTRÉAL--(BUSINESS WIRE)--$NMG #ESG--Nouveau Monde Graphite Inc. (“NMG”, “Nouveau Monde” or the “Company”) (NYSE: NMG, TSXV: NOU) has received the results of an independently conducted cradle-to-gate life cycle assessment (“LCA”) for its portfolio of graphite-based materials, confirming the minimal and industry-leading environmental footprint of its production. NMG’s full commercial-scale Phase-2 all-electric facilities are forecasted to produce coated spherical purified graphite (“CSPG”) – anode material for lithium-ion batteries – with a Global Warming Potential (“GWP”) of 1.23 kg CO2 equivalent per kg, an impact up to 11 times smaller than that of benchmarked production.
As demand for batteries attains unprecedented levels, so does the demand for minerals and advanced materials that enter their manufacturing. Graphite is the main component of battery anodes, making up ±95% of their composition across all lithium-ion battery chemistries. To ensure the production of ecological electric vehicles (“EV”), clean technologies and electronics, manufacturers necessitate responsibly extracted, environmentally transformed and ethically sourced materials.
Arne H Frandsen, Chair of NMG, commented: “From responsible mining to eco-friendly advanced manufacturing, NMG is committed to providing the marketplace with a transparent, reliable and scalable supply of high-purity graphite materials. Positive results from the LCA confirm the environmental performance of our planned operations, processes and proprietary technologies, and further strengthen our ESG credentials. The conclusions bolster NMG’s competitive edge as battery and EV manufacturers, regulators, and consumers push for holistically sustainable solutions.”
NMG mandated CT Consultant, an LCA practitioner, to carry out the LCA for its portfolio of graphite-based materials to obtain an independent assessment as it advances commercial discussions. Results confirm the low environmental impact of NMG’s products, thus supporting customers’ search for sources that reduce their Scope 3 greenhouse gas emissions and comply with increasingly stringent regulations. The study also provides insight to strengthen the Company’s environmental efforts, continuous improvement and climate action.
Eric Desaulniers, Founder, President, and CEO of NMG, added: “Clean technologies are very mineral- and energy-intensive. Yet, we have now demonstrated that batteries can be assembled with environmentally-responsible materials. Our commitment to all-electric operations and responsible production is reaffirmed with these results that position both Québec’s hydropower grid and NMG’s proprietary technologies as catalysts for low-footprint manufacturing. We are committed to seeking opportunities to enhance the properties of our battery materials, optimize technological solutions, reduce our footprint, improve our products’ life cycle, and develop recycling processes to help power global decarbonization.”
LCA Methodology and Results
Delving into the projected production system of NMG’s fully vertically integrated value chain, the study examined the impacts on climate change, freshwater acidification, terrestrial acidification, freshwater eutrophication, marine eutrophication, photochemical oxidant formation and ozone layer depletion of five graphite-based products – graphite concentrate, spherical graphite, spherical purified graphite, CSPG, purified jumbo flakes – and one co-product as per the IMPACT World+ methodology.
The LCA established an inventory of flows to and from nature by combining primary and secondary data collected for each process within NMG’s operating model. The inventory data was converted into environmental impacts using characterization factors from an established impact assessment method. The ISO 21930 standard was used for the distribution of impacts per life cycle stage. Results were benchmarked, and sensitivity and data quality analyses were performed. The modelling and analysis were verified by an independent consultant. The LCA complies with ISO 14040 and ISO 14044 requirements.
Conclusions demonstrate that NMG’s planned all-electric operations powered by renewable energy combined with clean processing technologies are set to generate advanced materials with an exceptionally low GWP, in line with global decarbonization efforts.
Integrated into the report is a benchmarking exercise conducted by Minviro, an LCA and sustainability consultant in the battery material space, comparing the footprint of CSPG from natural graphite along three production routes.
Extraction and
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Advanced
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GWP |
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GWP of NMG’s CSPG |
China |
China |
14.1 |
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1.23 |
Mozambique |
U.S. |
6.1 |
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Sweden |
Sweden |
3.1 |
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Streamlined Life Cycle Assessment Study of Global Anode Grade Natural
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LCA of Natural Graphite-Based
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The LCA also examined a hypothetical scenario with NMG’s production system parameters transposed in North-East China, where a large part of graphite-based products is manufactured, to evaluate the impact of Québec’s electricity grid mix on the environmental footprint of the Company’s products. In this assessment, NMG’s CSPG presents lower impact scores across all environmental categories compared to CSPG that would be manufactured in China with the same extraction, concentration and processing technologies. Freshwater acidification and terrestrial acidification categories are approximately 19 times smaller, photochemical oxidant formation and climate change are approximately 16 times smaller, while freshwater eutrophication, marine eutrophication and ozone layer depletion impacts are approximately up to twice smaller.
In its report, CT Consultant noted that “these supplementary analyses and literature review show how the technology efficiency, energy grid mix and methodological issues have an influence over the lifecycle performance of natural graphite-based products.” Indeed, NMG’s choice of adopting all-electric technologies, from mining to advanced manufacturing, is set to help significantly reduce the environmental footprint of its products across their whole life cycle. Moreover, the Company’s proprietary thermochemical purification technology that avoids acid leaching, along with its climate action initiatives that aim at reducing embedded emissions, play a significant role in limiting the environmental impacts of its integrated value chain.
Market Implications and Commercial Engagement
Results from the LCA complement the technical specifications of NMG’s advanced materials and provide information to customers, investors and stakeholders on the climate risk of products. The exercise further confirms the advantage of natural graphite over synthetic graphite, a material produced from petroleum byproducts and coal tar carrying a heavy carbon footprint.
The low environmental footprint of NMG’s graphite-based materials aligns with international efforts to drive greater sustainability, transparency and circularity into the battery sector. Indeed, from the Global Battery Alliance’s effort to develop a Battery Passport to the European Commission’s proposed updated Battery Directive that would require labelling of batteries to disclose their carbon footprint, the market is shifting to encourage and eventually potentially require low-carbon products. The European Union, which already set GHG emissions limit for EVs and industrial batteries, rallied last month behind a deadline on combustion engine production by 2035 as it steps up the fight against climate change through faster adoption of EVs.
Hence, NMG intends to leverage the positive LCA results in current and future commercial discussions. To that effect, representatives of the Company’s executive and technical teams will be present at The Battery Show North America on September 13-15, 2022, booth 1629, to meet key industry players, promote NMG’s green product portfolio and examine some of the latest technologies.
The LCA report is available upon request to NMG’S Sales, Marketing & Business Development team.
About Nouveau Monde Graphite
NMG is striving to become a key contributor to the sustainable energy revolution. The Company is working towards developing a fully integrated source of carbon-neutral battery anode material in Québec, Canada for the growing lithium-ion and fuel cell markets. With low-cost operations and enviable ESG standards, NMG aspires to become a strategic supplier to the world’s leading battery and automobile manufacturers, providing high-performing and reliable advanced materials while promoting sustainability and supply chain traceability. www.NMG.com
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Cautionary Note Regarding Forward-Looking Information
All statements, other than statements of historical fact, contained in this press release including, but not limited to those describing the Company’s CSPG expected GWP, future demand for batteries, minerals and advanced materials, the intended production of eco-friendly advanced materials, the Company’s commitments and initiatives outlined in the press release, the intended results of the initiatives described in this press release, the positive impact of the foregoing on project economics, the Company’s intended all-electric operations, industry trends, natural graphite’s advantage, international efforts to drive greater sustainability, transparency and circularity into the battery sector, the presence of Company representatives at future events, and those statements which are discussed under the “About Nouveau Monde Graphite” paragraph and elsewhere in the press release which essentially describe the Company’s outlook and objectives, constitute “forward-looking information” or “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of Canadian and United States securities laws, and are based on expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Moreover, these forward-looking statements were based upon various underlying factors and assumptions, including the current technological trends, the business relationship between the Company and its stakeholders, the ability to operate in a safe and effective manner, the timely delivery and installation of the equipment supporting the production, the Company’s business prospects and opportunities and estimates of the operational performance of the equipment, and are not guarantees of future performance.
Forward-looking statements are subject to known or unknown risks and uncertainties that may cause actual results to differ materially from those anticipated or implied in the forward-looking statements. Risk factors that could cause actual results or events to differ materially from current expectations include, among others, delays in the scheduled delivery times of the equipment, the ability of the Company to successfully implement its strategic initiatives and whether such strategic initiatives will yield the expected benefits, the availability of financing or financing on favorable terms for the Company, the dependence on commodity prices, the impact of inflation on costs, the risks of obtaining the necessary permits, the operating performance of the Company’s assets and businesses, competitive factors in the graphite mining and production industry, changes in laws and regulations affecting the Company’s businesses, political and social acceptability risk, environmental regulation risk, currency and exchange rate risk, technological developments, the impacts of the global COVID-19 pandemic and the governments’ responses thereto, and general economic conditions, as well as earnings, capital expenditure, cash flow and capital structure risks and general business risks. A further description of risks and uncertainties can be found in NMG’s Annual Information Form dated March 22, 2022, including in the section thereof captioned “Risk Factors”, which is available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. Unpredictable or unknown factors not discussed in this Cautionary Note could also have material adverse effects on forward-looking statements.
Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are provided for the purpose of providing information about management’s expectations and plans relating to the future. The Company disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law.
The market and industry data contained in this press release is based upon information from independent industry publications, market research, analyst reports and surveys and other publicly available sources. Although the Corporation believes these sources to be generally reliable, market and industry data is subject to interpretation and cannot be verified with complete certainty due to limits on the availability and reliability of raw data, the voluntary nature of the data-gathering process and other limitations and uncertainties inherent in any survey. The Corporation has not independently verified any of the data from third-party sources referred to in this press release and accordingly, the accuracy and completeness of such data is not guaranteed.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Further information regarding the Company is available in the SEDAR database (www.sedar.com), and for United States readers on EDGAR (www.sec.gov), and on the Company’s website at: www.NMG.com
MEDIA
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AMSTERDAM--(BUSINESS WIRE)--Leading real-time supply chain visibility platform FourKites® today announces that the publication of its latest data on Chinese ports shows an improvement in shipping volumes.
As the largest supply chain visibility platform, FourKites collects and anonymises data to reveal important trends in transportation globally. Tracking more than 2.5 million shipments daily across road, rail, ocean, air, parcel and courier, and reaching more than 200 countries, these numbers give an accurate view of real-time conditions, allowing for better planning and decision-making.
FourKites has seen a recovery in import and export ocean shipment volume at Chinese ports over the past weeks as COVID-19 lockdowns have eased.
“Volume at the Port of Shanghai has increased since mid-May, with the 14-day average ocean shipment volume now down only 2% compared to 12 March (the day before lockdowns went into effect) for shipments tracked by FourKites,” says Philippe Salles, VP Strategic Solutions (Ocean). “This is up from mid-May, when shipment volume was down as much as 25% over the same period.”
For other Chinese ports, shipment volumes have remained strong, with volume at the Port of Shenzhen up 25% and volume at the Port of Ningbo-Zhoushan up 35% compared to 12 March.
FourKites has continued to see strong recovery in volume traveling from China to the United States. The 14-day average shipment volume for loads traveling from China to the United States is now down only 3% compared to levels seen on 12 March.
“Volume along this lane had previously reached a low of 43% lower in mid to late April,” says Salles. “Delays remain elevated, however, with the 14-day average percentage of shipments delayed along this lane at 37% compared to the high of 39% seen in mid to late April.”
“While the situation is easing up, we are nowhere near the shipping volumes and transit times we saw before COVID,” continues Salles. “Going forward, supply chains will likely get more complex. One area to watch is ocean shipment transit times. I expect new emissions regulations to come from the International Maritime Organisation (IMO) in 2023, which will likely result in a reduction of ship speeds. As such, we will see more delays and uncertainty in global supply chains.”
About FourKites
Leading global supply chain visibility platform FourKites® extends visibility beyond transportation into yards, warehouses, stores and beyond. Tracking more than 2.5 million shipments daily across road, rail, ocean, air, parcel and courier, and reaching more than 200 countries, FourKites combines real-time data and powerful machine learning to help companies digitise their end-to-end supply chains. More than 1,000 of the world’s most recognised brands — including 9 of the top-10 CPG and 18 of the top-20 food and beverage companies — trust FourKites to transform their business and create more agile, efficient and sustainable supply chains. To learn more, visit https://www.fourkites.com/.
Scott Johnston
European PR Director, FourKites
+31 62 147 8442
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BOSTON & WHITE PLAINS, N.Y.--(BUSINESS WIRE)--ArcLight (Nasdaq: ACTD) announced today that shareholders approved the previously proposed business combination with OPAL Fuels LLC (“OPAL Fuels”), a vertically integrated producer and distributor of renewable natural gas (“RNG”).
The formal results of the vote will be included in a Current Report on Form 8-K to be filed by ArcLight with the U.S. Securities and Exchange Commission (the “SEC”).
The business combination is expected to close upon satisfaction of all closing conditions. The combined entity will be renamed OPAL Fuels Inc. and its Class A ordinary shares will trade on the Nasdaq under the ticker symbol “OPAL” and its warrants will trade on the Nasdaq under the ticker symbol “OPALW”.
About OPAL Fuels LLC
OPAL Fuels LLC is a leading vertically integrated renewable fuels platform involved in the production and distribution of renewable natural gas (RNG) for the heavy-duty truck market. RNG is a proven low-carbon fuel that is rapidly decarbonizing the transportation industry now while also significantly reducing costs for fleet owners. OPAL Fuels captures harmful methane emissions at the source and recycles the trapped energy into a commercially viable, lower-cost alternative to diesel fuel. OPAL Fuels also develops, constructs, and services RNG and hydrogen fueling stations. As a producer and distributor of carbon-reducing fuel for heavy-duty truck fleets for more than a decade, the company delivers best-in-class, complete renewable solutions to customers and production partners. To learn more about OPAL Fuels and how it is leading the effort to capture North America's harmful methane emissions and decarbonize the transportation industry, please visit www.opalfuels.com and follow the company on LinkedIn and Twitter at @OPALFuels.
About ArcLight Clean Transition Corp. II
ArcLight, led by Chairman Daniel Revers and President and Chief Executive Officer Jake Erhard, is a special purpose acquisition company formed for the purpose of effecting a capital stock exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses focused on opportunities created by the accelerating transition toward sustainable use of energy and natural resources.
Important Information and Where to Find It
In connection with the Business Combination, ArcLight has filed with the SEC a Registration Statement on Form S-4 (as amended, the “Registration Statement”), which includes the related proxy statement/prospectus of ArcLight with respect to the shareholders’ meeting (the “Proxy Statement”). The Registration Statement was declared effective by the SEC on June 27, 2022. This document does not contain all the information that should be considered concerning the Business Combination and is not intended to form the basis of any investment decision or any other decision in respect of the Business Combination.
INVESTORS AND SECURITY HOLDERS AND OTHER INTERESTED PARTIES ARE URGED TO READ THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS THAT HAVE BEEN FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT ARCLIGHT, OPAL FUELS, THE BUSINESS COMBINATION AND RELATED MATTERS.
Shareholders will also be able to obtain copies of the Registration Statement, without charge, at the SEC’s website at www.sec.gov. In addition, the documents filed by ArcLight may be obtained free of charge from ArcLight at https://www.arclightclean.com or by directing a request to: ArcLight Clean Transition Corp. II, 200 Clarendon Street, 55th Floor, Boston, MA 02116.
Forward-Looking Statements
Certain statements in this communication may be considered forward-looking statements. Forward-looking statements are statements that are not historical facts and generally relate to future events or ArcLight’s or OPAL Fuels’ future financial or other performance metrics. In some cases, you can identify forward-looking statements by terminology such as “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “target,” “plan,” “expect,” or the negatives of these terms or variations of them or similar terminology. Such forward-looking statement are subject to risks and uncertainties, which could cause actual results to differ materially from those expressed or implied by such forward looking statements. New risks and uncertainties may emerge from time to time, and it is not possible to predict all risks and uncertainties. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by ArcLight and its management, and OPAL Fuels and its management, as the case may be, are inherently uncertain and subject to material change. Factors that may cause actual results to differ materially from current expectations include, but are not limited to, various factors beyond management’s control, including general economic conditions and other risks, uncertainties and factors set forth in the section entitled “Risk Factors” and “Cautionary Statement Regarding Forward-Looking Statements” in the Registration Statement and other filings with the SEC, as well as (1) factors associated with companies, such as OPAL Fuels, that are engaged in the production and integration of renewable natural gas (RNG), including anticipated trends, growth rates, and challenges in those businesses and in the markets in which they operate; (2) macroeconomic conditions related to the global COVID-19 pandemic; (3) the effects of increased competition; (4) contractual arrangements with, and the cooperation of, landfill and livestock waste site owners and operators, on which OPAL Fuels operates its landfill gas and livestock waste projects that generate electricity and RNG prices for environmental attributes, low carbon fuel standard credits and other incentives; (5) the ability to identify, acquire, develop and operate renewable projects and RNG fueling stations; (6) delays in obtaining, adverse conditions contained in, or the inability to obtain necessary regulatory approvals or complete regulatory reviews required to complete the proposed transaction; (7) the outcome of any legal proceedings that may be instituted in connection with the proposed transaction; and (8) the ability of the combined company that results from the proposed transaction to issue equity or equity-linked securities or obtain debt financing in connection with the transaction or in the future. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements in this communication, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein. Both ArcLight and OPAL Fuels expressly disclaim any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in ArcLight’s or OPAL Fuels’ expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
Disclaimer
This communication is for informational purposes only and is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy, any securities or the solicitation of any vote in any jurisdiction pursuant to the Business Combination or otherwise, nor shall there be any sale, issuance or transfer or securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
OPAL Fuels
Media
Jason Stewart
Senior Director Public Relations and Marketing
914-421-5336
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ICR, Inc.
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Investors
ICR, Inc.
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ArcLight Clean Transition Corp. II
Marco Gatti
Chief Financial Officer
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DUBLIN--(BUSINESS WIRE)--The "Shipping Containers Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
The global shipping container market is expected to grow from $9.37 billion in 2021 to $10.09 billion in 2022 at a compound annual growth rate (CAGR) of 7.7%. The market is expected to grow to $13.48 billion in 2026 at a CAGR of 7.5%.
Major players in the shipping containers market are Hoover Container Solutions, CXIC Group, Shanghai Universal Logistics Equipment, Maersk Container Industry, Charleston Marine Containers, Hoover Container Solutions, CIMC, Sea Box, TLS Offshore Containers International Pvt Ltd, and China International Marine Containers Co. Ltd.
The shipping containers market consists of the sales of shipping containers and related services by entities (organizations, sole traders, and partnerships) that are engaged in manufacturing shipping containers with suitable strength to withstand handling, storage, and shipment. Shipping containers range from ubiquitous corrugated boxes to large steel boxes used for intermodal shipments. Only goods and services traded between entities or sold to end consumers are included.
The main product types of shipping containers are dry storage containers, flat rack containers, refrigerated containers, special-purpose containers, open-top containers, double door containers, and other product types. Dry storage containers are some of the common containers used in the shipping market.
They are in lengths of 10, 20, and 40 feet, and they are designed to transport dry goods. These containers do not allow for temperature controls, and they are not suited for moving food or chemicals that require refrigeration. The container size is a small container, large container, and high cube container. The various end-users involved are food and beverages, consumer goods, healthcare, industrial products, vehicle transport, and other end-users.
The Asia Pacific was the largest region in the shipping containers market in 2021. The regions covered in the shipping containers report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
An increase in demand for cargo transportation through ships contributed to the growth of the shipping container market. The demand for the transportation of cargo through waterways is growing owing to factors such as cost-efficiency and secured way of moving goods as compared to other means of transportation.
For instance, in 2021, More goods were moved between UK major ports and the EU than any other region in 2020, accounting for 44% (190.1 million tonnes) of total major port traffic. In 2019, The total gross weight of goods transported as part of EU short sea shipping was estimated at almost 1.8 billion tonnes.
However, Italy was the major short sea shipping country in the EU in 2020, with a share of more than 14 % of the total EU short sea shipping tonnage. Moreover, ships can carry more cargo from one place to another within a short period. This in turn is projected to boost the growth of the shipping containers market.
The high costs associated with shipping containers is expected to restrain the growth of the shipping container market. The price of shipping containers depends on their size and condition. The bigger the container, the higher the price. And, the newer the unit, the more expensive it could be. For instance, in the USA, the average cost for a used container is around $2,000.
The larger 40' unit that could be altered for houses ranges from $3,000 to $4,000 for the used one and is approximately $6,000 for a brand-new unit. Moreover, there are other costs such as shipping container home plans, foundation costs being involved which make them less affordable for purchase. Thus, the high costs of shipping containers are projected to limit the growth of the shipping container market over the forecast period.
Key Topics Covered:
1. Executive Summary
2. Shipping Containers Market Characteristics
3. Shipping Containers Market Trends And Strategies
4. Impact Of COVID-19 On Shipping Containers
5. Shipping Containers Market Size And Growth
5.1. Global Shipping Containers Historic Market; 2016-2021; $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Shipping Containers Forecast Market; 2021-2026F; 2031F; $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Shipping Containers Market Segmentation
6.1. Global Shipping Containers Market; Segmentation By Product Type; Historic and Forecast; 2016-2021; 2021-2026F; 2031F; $ Billion
6.2. Global Shipping Containers Market; Segmentation By Container Size; Historic and Forecast; 2016-2021; 2021-2026F; 2031F; $ Billion
6.3. Global Shipping Containers Market; Segmentation By End User; Historic and Forecast; 2016-2021; 2021-2026F; 2031F; $ Billion
7. Shipping Containers Market Regional And Country Analysis
7.1. Global Shipping Containers Market; Split By Region; Historic and Forecast; 2016-2021; 2021-2026F; 2031F; $ Billion
7.2. Global Shipping Containers Market; Split By Country; Historic and Forecast; 2016-2021; 2021-2026F; 2031F; $ Billion
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/33plc8
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Located in Dubai, UAE, Crop One provides its Plants-First™ technology and infrastructure to operate the farm, while EKFC brings its local market expertise to manage distribution
MILLIS, Mass. & DUBAI, United Arab Emirates--(BUSINESS WIRE)--Crop One Holdings, an industry leader in technology-driven indoor vertical farming, and Emirates Flight Catering (EKFC), one of the world’s largest catering operations serving more than 100 airlines, today announced the completion and official opening of Emirates Crop One (ECO 1), the world’s largest vertical farm. Located in Dubai, United Arab Emirates near Al Maktoum International Airport at Dubai World Central, the more than 330,000-square-foot facility, which spans 175 yards in length, will produce over 2 million pounds of high-quality leafy greens annually.
“We are proud to bring Crop One’s best-in-class technology to this innovative food production facility alongside our joint venture partner. ECO 1 will address growing supply chain challenges and food security issues, while introducing millions of new consumers to the benefits of vertically farmed produce,” said Craig Ratajczyk, Chief Executive Officer at Crop One. “It’s our mission to cultivate a sustainable future to meet global demand for fresh, local food, and this new farm is the manifestation of that commitment. This new facility serves as a model for what’s possible around the globe.”
The hydroponic facility is designed for continuous output of leafy green crops that are exceedingly clean and require no pre-washing, always grown without pesticides, herbicides or chemicals. Powered by Crop One’s Plants-First™ technology and infrastructure, the farm utilizes machine learning, artificial intelligence and data analytics, and is managed by a specialized in-house team of engineers, computer and plant scientists. ECO 1 uses 95% less water than field-grown produce while guaranteeing an output of three tons per day.
Passengers on Emirates and other airlines can enjoy the facility’s leafy greens, including lettuces, arugula, mixed salad greens, and spinach, onboard their flights starting this month. Local UAE consumers can look for the produce on store shelves under the Bustanica brand.
ECO 1 is Crop One’s second farm, following its Millis, Mass. headquarters, which has been in continuous operation since 2015. To learn more about Crop One, visit cropone.ag.
About Crop One
Headquartered outside of Boston, Mass., Crop One is a technology-driven indoor vertical farming company on a mission to cultivate a sustainable future to meet a global demand for fresh, local, and safe food. Through its Plants-First™ approach and industry-leading technology platform, Crop One grows fresh, delicious leafy greens using 95% less water than field-grown produce. Because growth of crops takes place in entirely sealed and controlled environments, growing and harvesting can happen 365 days a year, regardless of season. Crop One sells its fresh, local produce under the FreshBox Farms label, available at a variety of retailers across southern New England.
About Emirates Flight Catering
Emirates Flight Catering is one of the world’s largest catering operations. Offering airline, events and VIP catering as well as ancillary services including laundry, food production and airport lounge food & beverage, Emirates Flight Catering is a trusted partner of over 100 airline customers, hospitality groups and UAE government entities. Each day, the company’s 11,000 dedicated employees prepare an average of 200,000 meals and handle 210 tonnes of laundry.
Media:
Emma Heilbronner
Inkhouse for Crop One
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New plant designed to make renewable power using biogas made from Okayama-area farm waste
BURLINGTON, Ontario & KASAOKA, Japan--(BUSINESS WIRE)--Anaergia Inc. (“Anaergia” or “the company”) (TSX: ANRG) today announced plans to construct a biogas plant in Kasaoka, Okayama for Toyo Energy Solution Co., Ltd. (“Toyo”). The facility will produce renewable electricity using biogas made by anaerobically digesting cow manure from Okayama Prefecture farms. The plant will prevent about 13,500 tonnes of CO2e in emissions from the manure and from fossil fuels that would have been used to generate the power, the equivalent of taking about 2,900 cars off the road for a year (calculated based on a 20-year Global Warming Potential).
The project will anaerobically digest about 250 tonnes per day of cow manure from the region and use the resulting biogas to fuel a combined heat and power (CHP) generator system. The system will produce about 1.2 megawatts of clean renewable electricity, enough to power about 2,200 homes each year. Anaergia will design, engineer, install, and commission the plant. Toyo will serve as the engineering, procurement, and construction (EPC) contractor.
The Kasaoka project is Anaergia’s second with Toyo; the company also recently built a facility for Toyo in Yabu City, Japan, that converts farm and food waste into renewable energy. The new facility will use Anaergia’s advanced anaerobic digestion technology and other proprietary resource recovery and treatment equipment.
“Toyo Group is pleased to partner once again with Anaergia to develop a new biogas plant, as we consider them to be the global leader in anaerobic digestion technology,” said Yoshimitsu Okada, President Director of Toyo Group. “We look forward to building many more biogas plants with Anaergia to reduce greenhouse gas emissions, produce renewable power, and help Japan achieve net-zero by 2050.”
“Wastes such as manure, sewage biosolids, and food scraps create two-thirds of all point source emissions of methane, a greenhouse gas that is 85 times more potent than carbon dioxide. Stopping these methane emissions from waste must be a central tactic in curbing global warming,” said Andrew Benedek, Chairman and CEO of Anaergia. “This new bioenergy plant will not only help Japan reduce methane emissions from manure, it will also reduce the need for LNG to generate electricity. We look forward to building many more plants in Japan with our partner Toyo Energy Solution Co., Ltd. to help the nation meet its carbon neutrality goals.”
About Toyo Energy Solution Co., Ltd.
Toyo Energy Solution Co., Ltd. is a subsidiary of Toyo Group, a diversified construction and real estate development organization. Toyo Energy Solution is developing and constructing earth-friendly renewable energy projects.
About Anaergia
Anaergia was created to eliminate a major source of greenhouse gases by cost effectively turning organic waste into renewable natural gas (RNG), fertilizer and water, using proprietary technologies. With a proven track record from delivering world-leading projects on four continents, Anaergia is uniquely positioned to provide end-to-end solutions for extracting organics from waste, implementing high efficiency anaerobic digestion, upgrading biogas, producing fertilizer and cleaning water. Our customers are in the municipal solid waste, municipal wastewater, agriculture, and food processing industries. In each of these markets Anaergia has built many successful plants including some of the largest in the world. Anaergia owns and operates some of the plants it builds, and it also operates plants that are owned by its customers.
For further information please see: www.anaergia.com
Source: Anaergia Inc.
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Xerox® ElemX™3D metal printer installed on USS Essex (LHD 2) and at-sea trials have begun in Pacific Rim
NORWALK, Conn. & CARY, N.C.--(BUSINESS WIRE)--Xerox® Elem™ Additive Solutions today announced that an ElemX liquid metal printer was recently installed on board USS Essex (LHD 2), making it the first metal additive manufacturing machine deployed on a U.S. Naval vessel.
The ElemX was placed on the ship earlier this month in Pearl Harbor, Hawaii, with at-sea trials beginning immediately. The installation is the latest step in the U.S. Navy’s strategy of using additive manufacturing (AM) to increase operational readiness for the fleet. It also builds on the relationship between the U.S. Navy and Xerox Elem Additive that began with the Naval Postgraduate School in Monterey, California receiving the first-ever installation of the ElemX in 2020.
“The military supply chain is among the most complex in the world and putting the ElemX on USS Essex means that sailors can now bypass that complexity and print parts when and where they need them,” said Tali Rosman, GM of Elem Additive. “We are proud to continue our partnership with the Navy to help them advance their additive manufacturing capabilities and execute their long-term vision.”
The ElemX leverages Xerox’s liquid metal AM technology that uses standard aluminum wire. Unlike other metal 3D printing technologies, there are no hazardous metal powders with ElemX and no need for special facility modifications or personal protective equipment to operate the machine. The printer also requires minimal post-processing and therefore provides a faster time-to-part. This ability to produce reliable replacement parts on-demand reduces the dependency on complex global supply chains for deployed forces.
To withstand various sea states and environmental challenges that U.S. naval warships encounter, the ElemX was installed in an industrial shipping container to ruggedize it. Currently at sea on board USS Essex, trials have already begun to establish operational guidelines and technical feasibility studies to determine applications and use cases. A team on board USS Essex will design and print shipboard items and provide feedback to NPS and Commander, Naval Surface Force Pacific (COMNAVSURPAC).
The ElemX 3D printer was commercially introduced in February 2021, and since then, Elem Additive Solutions has expanded operations, including opening an Additive Manufacturing Center of Excellence in Cary, North Carolina. The ElemX is a safer and simpler metal 3D printer, addressing supply chain resiliency for transportation, aerospace, defense and industrial manufacturing. Engineered to bring simplicity to the supply chain process, ElemX is the ideal option for spares, repairs and low-volume production parts.
This release does not imply endorsement of Xerox or its products by the Naval Postgraduate School, the Department of the Navy, or the Department of Defense.
About Xerox Holdings Corporation (NASDAQ: XRX)
For more than 100 years, Xerox has continually redefined the workplace experience. Harnessing our leadership position in office and production print technology, we've expanded into software and services to sustainably power today's workforce. From the office to industrial environments, our differentiated business solutions and financial services are designed to make every day work better for clients — no matter where that work is being done. Today, Xerox scientists and engineers are continuing our legacy of innovation with disruptive technologies in digital transformation, augmented reality, robotic process automation, additive manufacturing, Industrial Internet of Things and cleantech. Learn more at xerox.com.
About Xerox Elem™ Additive Solutions
Determined to advance the additive industry, Xerox Elem Additive Solutions provides hardware and software solutions that equip manufacturers with the tools to reduce costs, eliminate long lead times and improve part performance. Strategically focused on developing supply chain solutions with distributed manufacturing and digital warehousing technologies, Xerox Elem Additive Solutions is one of the most uniquely positioned AM providers offering end-to-end solutions to the industry’s most challenging problems.
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Xerox® is a trademark of Xerox in the United States and/or other countries.
Justin Capella, +1-203-258-6535, This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Ship Building Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
The global ship building market is expected to grow from $178.52 billion in 2021 to $194.34 billion in 2022 at a compound annual growth rate (CAGR) of 8.9%. The market is expected to grow to $266.64 billion in 2026 at a compound annual growth rate (CAGR) of 8.2%.
Major players in the ship building market are Hyundai Heavy Industries, Daewoo Ship Building & Marine Engineering Co Ltd, Mitsubishi Heavy Industries, Samsung Heavy Industries, BAE Systems Plc, Sumitomo Heavy Industries Ltd, Damen Shipyards Group, Fincantieri Spa, General Dynamics Corp, and Huntington Ingalls Industries Inc.
The shipbuilding market consists of sales of ships and related services by entities (organizations, sole traders, and partnerships) that operate shipyards. Shipyards are fixed amenities with fabrication and drydocks equipment capable of building a ship, defined as watercraft typically suitable or intended for other than personal or recreational use. Only goods and services traded between entities or sold to end consumers are included.
The main types of shipbuilding are bulkers, tankers, containers, cruise and ferry, other types. Container ships are equipped with no hatches, that is, the ship has no continuous main deck running full breadth all along with the ship, as well as other types of well such as passenger transportation, goods transportation. The various applications include passenger transportation, goods transportation. These are used in transport companies, the military, other end-user.
Asia-Pacific was the largest region in the shipbuilding market in 2021. Western Europe was the second largest market in shipbuilding market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, Africa.
The increasing seaborne trade is predicted to contribute to the growth of the shipbuilding market. The rising population, surging purchasing power of consumers, and improving standards of living are increasing the demand for consumer goods leading to high production and rapid industrialization.
For instance, according to Hellenic Shipping News data 2021, In the first 10 months of 2021, the global seaborne coal trade increased by +5.1% y-o-y to 984.7 mln tonnes, from 936.7 mln tonnes in the January-October 2020 period. The manufacturing of eco-friendly and advanced ships is supported by the increasing requirement for efficient and cost-effective transport alternatives for the movement of goods.
According to Alliance Experts, transport by sea allows shipping large volumes with lesser cost than that through road, rail, and air transport. This scenario is expected to drive the demand for the shipbuilding market. The increasing seaborne trade is predicted to contribute to the growth of the shipbuilding market.
The rising population, surging purchasing power of consumers, and improving standards of living are increasing the demand for consumer goods leading to high production and rapid industrialization. This scenario is expected to drive the demand for the shipbuilding market.
Stringent environmental regulations are expected to hinder the growth of the shipbuilding market. This is because of the pollution derived from maritime shipping activities that affect air and water quality, and marine and estuarine biodiversity. For instance, the companies dealing in shipbuilding in Finland have to follow all the rules under The Environmental Protection Act, a Finnish law (86/2000) created by the Ministry of Environment. Similarly, in Spain, ship-building companies are required to follow the Act of Air Quality and Protection of the Atmosphere. This scenario is likely to act as a major challenge for the ship-building market's growth.
The use of 3D printing technology in shipbuilding is a leading trend being observed in the shipbuilding market in recent years. 3D printing, also known as additive manufacturing, is gaining popularity in every sector connected to manufacturing and engineering, including shipbuilding.
The companies operating in the shipbuilding market are collaborating with other players in the industry to adopt advanced manufacturing technologies including 3D printing to enhance their manufacturing capabilities. For instance, in 2021, U.S. 3D printer OEM 3D Systems is working with military shipbuilding industry Huntington Ingalls industries to develop new corrosion-proof metal powders for maritime 3D printing applications.
Working with Huntington Ingalls Industries Newport News Shipbuilding division, 3D Systems is formulating novel Copper-Nickel and Nickel-Copper alloys, that are particularly designed to submit robust, temperature-resistant parts.
Key Topics Covered:
1. Executive Summary
2. Ship Building Market Characteristics
3. Ship Building Market Trends And Strategies
4. Impact Of COVID-19 On Ship Building
5. Ship Building Market Size And Growth
5.1. Global Ship Building Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Ship Building Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Ship Building Market Segmentation
6.1. Global Ship Building Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
6.2. Global Ship Building Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
6.3. Global Ship Building Market, Segmentation By End-User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7. Ship Building Market Regional And Country Analysis
7.1. Global Ship Building Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Ship Building Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/4p1z8f
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Firm to Launch New Institutional-Grade PoS Research & Financial Services
BOSTON--(BUSINESS WIRE)--#bitcoin--BitOoda, a pioneering Digital Asset investment Bank, announced the hiring of Vivek Raman, a leading Proof of Stake (PoS) expert. With this expansion, BitOoda plans to launch a number of financial solutions focused on PoS and ETH, including a series of new research reports, structured products, and trading strategies.
Combining a decade of trading experience across Morgan Stanley, UBS, Deutsche Bank, and Nomura with deep roots in the Ethereum and decentralized finance spaces, Vivek is excited to bring Proof of Stake products to the institutional community at BitOoda.
“We are thrilled to have someone of Vivek’s stature and expertise join BitOoda at such a critical time in the evolution of digital assets,” BitOoda CEO Tim Kelly said. “Already a leading voice in the Proof of Stake community, he will allow us to broaden the set of solutions we are able to provide to our institutional clients, at a time when investor confidence in digital assets needs an injection of professionalism and experienced service providers.”
“I could not be prouder to join the BitOoda team,” Vivek stated. “BitOoda’s vision of creating a fully-compliant digital asset investment bank, where we can bring research and sophisticated financial products to institutional players, is exactly what the crypto space needs to grow in a sustainable manner.”
Contact This email address is being protected from spambots. You need JavaScript enabled to view it. to discuss the products and services offered via BitOoda’s global platform, including investment banking, structured products, proprietary hedging solutions, derivatives and spot brokerage, and research and advisory services.
About BitOoda: BitOoda Holdings Inc. is a global digital asset financial services platform providing innovative and compliant capital markets solutions for institutional clients. BitOoda is the only digital asset institutional platform regulated by the SEC, the CFTC, and the DFS. BitOoda’s subsidiaries include BitOoda Digital LLC, which holds a NY DFS Virtual Currency License; BitOoda Technologies LLC, an SEC/FINRA-registered Broker-Dealer specifically authorized to transact in Digital Securities; and Ooda Commodities LLC, a CFTC/NFA-registered Introducing Broker. For more information, please visit www.bitooda.io or email This email address is being protected from spambots. You need JavaScript enabled to view it..
Tom Nath
BitOoda Holdings, Inc.
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