HOUSTON--(BUSINESS WIRE)--Sunnova Energy International Inc. ("Sunnova") (NYSE: NOVA), one of the leading U.S. residential energy service providers, announced today that its reliable Sunnova SunSafe® solar + battery storage service will now be available in all of The Home Depot stores across Puerto Rico.
“This expansion of our energy services to The Home Depot stores makes it even easier for Puerto Ricans to control their energy costs and keep their homes powered during grid outages,” said Vera Gavrilovich, VP of Marketing at Sunnova. “As the largest provider of distributed residential solar power in Puerto Rico, we are committed to providing clean, resilient and affordable energy services to our customers; and with an increasingly unreliable power grid, we’re proud to provide homeowners the peace of mind that comes with producing and storing their own power.”
Sunnova has been active in Puerto Rico since 2013, and has the largest presence on the island with over 30,000 customers and growing rapidly. Since Hurricane Maria in 2017, Sunnova has deployed over 17,000 batteries in Puerto Rico and has a 100% battery attachment rate since 2018. Puerto Rican homeowners will now have access to a trained solar energy expert at all Home Depot stores across the island and can get a solar system with battery storage backed by Sunnova Protect® for 25 years of worry-free maintenance, monitoring, repairs, replacements and energy guarantee.
In 2021, Sunnova entered into 100 stores with The Home Depot across key hurricane markets – Florida, Virginia, Maryland, and locally in Reno, Nevada— to give customers access to its Sunnova SunSafe solar + battery storage service.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or Sunnova’s future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “going to,” “could,” “intend,” “target,” “project,” “contemplates,” “believe,” “estimate,” “predict,” “potential” or “continue” or the negative of these words or other similar terms or expressions that concern Sunnova’s expectations, strategy, priorities, plans or intentions. Forward-looking statements in this press release include, but are not limited to, statements regarding the growth of Sunnova’s customer base in Puerto Rico and the benefits of Sunnova’s product offerings to customers in Puerto Rico. Sunnova’s expectations and beliefs regarding these matters may not materialize, and actual results in future periods are subject to risks and uncertainties that could cause actual results to differ materially from those projected, including risks regarding our ability to forecast our business due to our limited operating history, the effects of the coronavirus pandemic on our business and operations, results of operations and financial position, our competition, changes in regulations applicable to our business, fluctuations in the solar and home-building markets, availability of capital, supply chain uncertainty, our ability to attract and retain dealers and customers and our dealer and strategic partner relationships. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in Sunnova’s filings with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2021 and our subsequent Quarterly Reports on Form 10-Q. The forward-looking statements in this press release are based on information available to Sunnova as of the date hereof, and Sunnova disclaims any obligation to update any forward-looking statements, except as required by law.
About Sunnova
Sunnova Energy International Inc. (NYSE: NOVA) is a leading residential energy service provider with customers across the U.S. and its territories. Sunnova's goal is to be the source of clean, affordable and reliable energy with a simple mission: to power energy independence so that homeowners have the freedom to live life uninterrupted®.
For more information, please visit sunnova.com
Media Contact
Alina Eprimian
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Investor & Analyst Contact
Rodney McMahan
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STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes Inc. (NYSE: PBI), a global shipping and mailing company that provides technology, logistics, and financial services, today released its 2021 ESG Report. Since 2008, the company has reported annually on environmental, social and governance matters in its Corporate Responsibility Report. The report’s new title reflects the company’s commitment to responsible citizenship through the way it conducts business, creates meaningful impact in local communities, achieves environmental sustainability, focuses on safety and strengthens its commitment to a diverse and inclusive company culture.
“We remain committed to safeguarding our colleagues while delivering quality and value for our clients and a good return for our investors,” said Marc B. Lautenbach, Pitney Bowes President and CEO. “At the same time, we are steadily raising the bar on environmental, social and governance matters in keeping with our responsibilities as employer, neighbor and corporate citizen.”
Among the many ESG initiatives this report covers, key highlights from the past year include:
Progress towards Carbon Neutrality: Since announcing our commitment to achieve carbon neutrality by 2040, we have taken further steps to reduce energy consumption, accelerate our move to renewable energy sources and increase the transparency of our reporting. Starting with this 2021 report, our coverage of CO2 emissions will include not only direct Scope 1 and 2 emissions from our operations, but also indirect Scope 3 emissions across our entire value chain. We recognize that a critical component in the growth of our logistics operations will require the diversification of sources of energy and use of alternative energies. In 2021, we continued to turn toward more sustainable fuel for our fleet, e.g., fuel with 2 and 11 percent biodiesel and diesel blend.
Increase Use of Renewable Energy in our Sites: We are proud of the significant increase in the number of our sites procuring electricity from renewable sources through our Green Retail program of electrical contracts with bundled Renewable Energy Certificates (REC). In 2019, we set a goal of procuring at least 20 percent of our energy from renewable sources by the year 2025. We surpassed this goal in 2021, reaching 29.7 percent, and have now made the further commitment to source renewable energy in all sites located in deregulated energy market states (where it is readily available), which will bring us to approximately 50 percent renewable energy by 2025.
Reimagining the Way We Work: In 2021, Pitney Bowes reexamined the ways we work together, driving new modes of onsite and remote collaboration under a unified system we call PB@Work. This approach capitalizes on our rich culture of diversity and inclusion, encouraging and supporting everyone in our organization to be their authentic selves.
Deepening our Long-term Diversity and Inclusion Efforts: The company’s long record of advocacy and commitment to diversity and inclusion was recognized in 2021 with numerous awards including Forbes’ Best Employers (2021), Best Employers for Diversity (2020, 2021, 2022), and Best Employers for Women (2018, 2019, 2020, 2021); Human Rights Campaign’s 100 percent Corporate Equality Index (2021, 2022); Women’s Forum of New York’s Breakfast of Corporate Champions 2019 and 2021, for higher-than-average gender representation on Board of Directors – 50% of the independent directors on the Pitney Bowes board of directors are women. The company’s efforts have resulted in a U.S. workforce that is 52 percent people of color and a global workforce that is 43 percent women. As of 2022, people of color comprise 21 percent of Pitney Bowes senior management, have key roles on the executive team and constitute 33 percent of overall management.
Continuing Pitney Bowes Commitment to Supplier Diversity: In keeping with the company’s enterprise-wide commitment to diversity and inclusion, Pitney Bowes is committed to growing its business using diverse suppliers. The company believes diverse businesses enhance its global supply base, providing innovative strategies and solutions while meeting or exceeding expectations in the areas of cost, quality and delivery.
Bringing the same commitment to the communities where we operate: Last year, the company’s signature volunteer program, Dedication to Education, mobilized teams in seven countries for programs that advanced childhood literacy and educational opportunity. Closer to home, the Fairfield County Business Collaborative for Education Equity (a joint venture with other nearby business leaders) raised more than $1.4 million for use in programs dealing with early childhood education, summer learning, college readiness, and food insecurity.
Pitney Bowes measures its performance against the highest ESG standards and increasingly aligns its reporting with leading international benchmarks. The 2021 ESG Report was prepared in accordance with the Global Reporting Index, the United Nations Sustainable Development Goals, and the Task Force on Climate-Related Financial Disclosures. To learn more about Pitney Bowes ESG efforts, visit pb.com/responsibility.
About Pitney Bowes
Pitney Bowes (NYSE:PBI) is a global shipping and mailing company that provides technology, logistics, and financial services to more than 90 percent of the Fortune 500. Small business, retail, enterprise, and government clients around the world rely on Pitney Bowes to remove the complexity of sending mail and parcels. For the latest news, corporate announcements and financial results visit https://www.pitneybowes.com/us/newsroom.html. For additional information visit Pitney Bowes at www.pitneybowes.com.
About Pitney Bowes Foundation
The Pitney Bowes Foundation is a private entity with a mission to support literacy and education and the diverse community interests of Pitney Bowes employees. We commit our resources to supporting students and families from underserved communities, closing the opportunity gap and preparing the workforce of tomorrow. For information about these programs and other Pitney Bowes Global Corporate Citizenship and Philanthropy initiatives, please visit pb.com/community.
John Spadafora
Pitney Bowes
M +1 518 708 3466
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Expansion projects to increase total throughput to Agua Dulce Hub, LNG and Mexico markets to 2 Bcf/d
SAN ANTONIO--(BUSINESS WIRE)--Howard Energy Partners (HEP), through its joint venture, Dos Caminos, LLC ("Dos Caminos"), today announced plans to expand its capabilities to gather, treat and transport natural gas produced from the Austin Chalk and Eagle Ford shale plays in and around Webb County, Texas. Dos Caminos is a joint venture between HEP and an affiliate of Eagle Ford Midstream LP (EFM).
HEP and EFM’s systems currently gather, treat, and transport up to 1 billion cubic feet per day (Bcf/d) to premium markets, including Mexico and Gulf Coast LNG. Dos Caminos was created to develop additional natural gas transportation opportunities in the Eagle Ford shale region of South Texas and to jointly market capacity on HEP and EFM’s existing South Texas systems. Through a combination of ongoing enhancements to existing systems and new greenfield pipelines, Dos Caminos plans to nearly double throughput capacity to a total of up to 2 Bcf/d.
"Given our unique pipeline footprint and history in South Texas, we are best situated to respond to the significant natural gas production growth in the Webb County area," said Mike Howard Chief Executive Officer of HEP, the operator of Dos Caminos. "These projects will be completed in phases with the initial phase anticipated to be completed in the third quarter of next year and the remainder in 2024."
About Howard Energy Partners
San Antonio-based Howard Midstream Energy Partners, LLC d/b/a Howard Energy Partners is a diversified, growth-oriented energy company focused on providing innovative midstream solutions to its customers. Howard Energy Partners owns and operates natural gas and crude oil pipelines, natural gas processing plants, refined products storage terminals, deep-water dock and rail facilities, fractionation facilities, hydrogen production facilities and other related midstream assets in Texas, New Mexico, Oklahoma, Pennsylvania and Mexico. The company has corporate offices in San Antonio and Houston, Texas and Monterrey, Mexico. For more information on Howard Energy Partners and our mission to deliver positive energy, please visit our website at www.howardenergypartners.com.
About Eagle Ford Midstream
Eagle Ford Midstream owns the EFM system, a 158-mile large-diameter lean gas transportation pipeline strategically located in the Eagle Ford Shale in South Texas. Since 2013, EFM has reliably served gas processing plants and producers with downstream gas transportation to its affiliate-owned Agua Dulce Hub.
HEP Commercial Contact:
Tres Peacock
Howard Energy Partners
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(210) 298-2242
HEP Media Contact:
Meggan Morrison
Redbird Communications Group
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SANTA MONICA, Calif. & FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Autonomy, the nation’s largest electric vehicle subscription company, has partnered with AutoNation, Inc. (NYSE:AN), America’s largest and most admired automotive retailer.
The partnership will support Autonomy’s electric vehicle product expansion from the Tesla Model 3 into several automaker brands as well as its geographic expansion across the United States, leveraging AutoNation’s nationwide footprint. As Autonomy’s “Dealer of Record,” AutoNation will support Autonomy’s planned acquisition, over the next 12-18 months of up to 20,000 electric vehicles from automakers that produce the most sought-after electric vehicles. AutoNation will provide vehicle preparation and delivery services in connection with Autonomy customer activations, as well as maintenance, repair, and reconditioning services for its growing fleet of subscription vehicles.
“AutoNation and Autonomy’s shared vision for how consumers gain access to electric vehicles is the basis for this partnership and has again shown that AutoNation is among the most innovative and forward-thinking retailers in the world,” said Scott Painter, founder and CEO of Autonomy. “This partnership allows Autonomy to drastically accelerate and diversify its vehicle lineup with a 20,000-vehicle order over the next 12-18 months while paving a clear and aggressive path for national expansion. Just as importantly, this also allows Autonomy to remain capital efficient and infrastructure light as we advance our mission to accelerate the adoption of EVs and scale subscriptions profitably.”
Autonomy’s subscription model offers the cheapest, fastest, and easiest way to get a Tesla Model 3 and Y, and soon other models and brands. Autonomy provides an easy and affordable option for those seeking an electric vehicle that does not require the long-term debt or commitment that comes with buying or leasing. Autonomy drivers have the flexibility to subscribe month to month after a three-month minimum hold period. Today, Autonomy customers can subscribe to an electric vehicle entirely in app (Google Play Store or Apple App Store) and customize their monthly payment to meet their budget.
About Autonomy
Autonomy is a technology company on a mission to make access to mobility easy and affordable through car subscriptions. The company was founded by auto retail, auto finance, and auto insurance disruptors Scott Painter and Georg Bauer, who founded Fair, the first-ever used-vehicle subscription offering, pioneering the Car-as-a-Service (CaaS) category. Building upon that experience, Autonomy has created a turnkey vehicle subscription platform for consumers and the automotive industry that enables vehicle subscriptions to scale profitably and become a mainstream alternative to traditional car buying. Autonomy is innovating through technology, finance, and insurance to power car subscriptions for the battery, electric vehicle, and zero-emissions vehicle sectors. Autonomy relies on partnerships with automakers and brick-and-mortar car dealerships to provide benefits to both consumers and the industry. Autonomy represents freedom from long-term debt, freedom from long-term commitments, and even freedom from fossil fuels. It means new choices and more control over your financial well-being. Autonomy is based in Santa Monica, California.
Follow Autonomy on LinkedIn, Twitter, Instagram, Facebook, YouTube, and TikTok.
Autonomy PR Contacts:
Shadee Malekafzali
Head of Investor Relations and Corporate Communications
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Matt Swope
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Simple, Protected, Autonomous Edge Computing Platform Honored for Exceptional Innovation
MAYNARD, Mass.--(BUSINESS WIRE)--#edgecomputing--Stratus Technologies, the global leader in simplified, protected, and autonomous Edge Computing platforms, today announced that its ztC Edge™ computing platform has received a 2022 IoT Evolution Product of the Year Award from IoT Evolution World, a leading news and media outlet covering Internet of Things (IoT) technologies. The IoT Evolution Product of the Year award honors the best, most innovative products and solutions powering the IoT. Winning products and solutions were selected by the editors of IoT Evolution World based on their track record for consistently demonstrating the advancement of IoT technologies.
Across industries, business, and operations, IT leaders want to harness Industry 4.0 opportunities to gain new insights, achieve operational excellence, and operate more efficiently and safely. Edge computing solves the inherent challenges of bandwidth, latency, and security at edge locations to enable industrial IoT (IIoT) devices and data acquisition.
“As more companies turn to IoT-enabled solutions to improve operations and meet customer expectations, edge computing is quickly becoming a critical part of the reliable infrastructure needed. Across numerous industries, ztC Edge is providing the high availability and fault tolerance required to meet IoT demands. This recognition from IoT Evolution World is another proof point of the innovative work we’re doing and the power of our ztC Edge platform,” said David Laurello, President and CEO at Stratus.
“The solutions selected for the IoT Evolution Product of Year Award reflect the diverse range of innovation driving the multi-billion-dollar IoT market today,” said Rich Tehrani, CEO of TMC, a co-publisher of IoT Evolution. "It is my honor to congratulate Stratus for its innovative work and superior contribution to the rapidly evolving IoT industry.”
The Power of ztC Edge
Stratus’ second generation ztC Edge is a zero-touch, secure, and highly automated edge computing platform purpose built for edge environments. ztC Edge is secure and easy to deploy, manage, maintain, and service. The platform is simple, protected, and autonomous and is powering digital transformation at the edge in multiple industries. Self-protecting and self-monitoring features drastically reduce unplanned downtime and ensure continuous availability of business-critical applications. The platform is the industry’s only solution offering built-in application virtualization and fault tolerance in an easy-to-install, ruggedized design (UL Class 1 Div 2) for the edge.
Stratus ztC Edge Provides Fast Payback
In a study by Nucleus Research, the average ROI from a Stratus ztC Edge deployment was 237% over three years, with a short 7.6-month payback period. Additionally, the average annual total cost of ownership (TCO) is $10,812 and customers reported that anywhere between 8-15 hours a month were saved on system maintenance.
To develop this ROI Guidebook, Nucleus Research spoke with Stratus customers in many industries at different stages of digital transformation. Click here to learn more about customer profiles and outcomes.
To learn more about Stratus’ ztC Edge platform, visit https://www.stratus.com/solutions/platforms/ztc-edge/.
Additional Resources
About Stratus
For leaders digitally transforming their operations to drive predictable, peak performance with minimal risk, Stratus ensures the continuous availability of business-critical applications by delivering zero-touch Edge Computing platforms that are simple to deploy and maintain, protected from interruptions and threats, and autonomous. For 40 years, we have provided reliable and redundant zero-touch computing, enabling global Fortune 500 companies and small-to-medium sized businesses to securely and remotely turn data into actionable intelligence at the Edge, cloud and data center – driving uptime and efficiency. For more information, please visit www.stratus.com or follow on Twitter @StratusAlwaysOn and LinkedIn @StratusTechnologies.
About Crossfire Media
Crossfire Media is an integrated marketing company with a core focus on future trends in technology. We service communities of interest with conferences, tradeshows, webinars and newsletters. Crossfire Media has a partnership with Technology Marketing Corporation (TMC) to produce events and websites related to disruptive technologies. Crossfire Media is a division of Crossfire Consulting, a full service Information Technology company based in New York.
About TMC
Through education, industry news, live events and social influence, global buyers rely on TMC’s content-driven marketplaces to make purchase decisions and navigate markets. As a result, leading technology vendors turn to TMC for unparalleled branding, thought leadership and lead generation opportunities. Our in-person and online events deliver unmatched visibility and sales prospects for all percipients. Through our custom lead generation programs, we provide clients with an ongoing stream of leads that turn into sales opportunities and build databases. Additionally, we bolster brand reputations with the millions of impressions from display advertising on our news sites and newsletters. Making TMC a 360 degree marketing solution, we offer comprehensive event and road show management services and custom content creation with expertly ghost-crafted blogs, press releases, articles and marketing collateral to help with SEO, branding, and overall marketing efforts. For more information about TMC and to learn how we can help you reach your marketing goals, please visit www.tmcnet.com and follow us on Facebook, LinkedIn and Twitter, @tmcnet.
Press
Kristin Albano
Stratus
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978-461-7019
Victoria Newell, V2 Communications for Stratus Technologies
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Michelle Connolly
TMC
203-852-6800, ext. 170
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DUBLIN--(BUSINESS WIRE)--The "Automotive Lubricants Market Size, Share, Trends, By Base Oil, By Vehicle Type, By Application and By Region Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The global automotive lubricants market size is expected to reach USD 97.59 Billion in 2030 and register a revenue CAGR of 5.3% over the forecast period, according to the latest report.
Companies Mentioned
The automotive lubricants industry is gaining momentum due to the rapid industrialization and economic development in developing countries.
The automotive lubricants market growth is further augmented by the rising demand for passenger cars and commercial vehicles. In addition, the stringent emission standards set by various government organizations are expected to fuel the market demand over the forecast period.
Automotive lubricant is a fluidic material used for reducing friction or resistance between two surfaces in contact with each other. Lubricants are derived from either natural sources such as animals and plants, or petroleum products. The automotive lubricants market is growing at a significant rate owing to the increase in demand for automobiles globally.
Automotive lubricants play an important role in the safe and efficient operation of a vehicle. These fluids provide a barrier between moving parts to reduce friction, prevent wear and protect against corrosion. Automotive lubricants are generally classified by their properties, such as viscosity, volatility and compatibility with different materials.
The global automotive lubricants market is anticipated to grow on account of rising demand for personal mobility amid COVID-19 pandemic. Moreover, growing preference for long distance travelling is projected to supplement the market growth. Rapid industrialization and urbanization are expected to create new opportunities for market players operating in Asia Pacific over the forecast period. Increasing focus on developing efficient and eco-friendly automotive lubricants is expected to create new opportunities for market players over the next decade.
Some Key Highlights from the Report
For the purpose of this report, the publisher has segmented the automotive lubricants market based on base oil, vehicle type, application and region:
Base Oil Outlook (Revenue, USD Billion; 2018-2030)
Vehicle Type Outlook (Revenue, USD Billion; 2018-2030)
Application Outlook (Revenue, USD Billion; 2018-2030)
Regional Outlook (Revenue, USD Billion; 2018-2030)
For more information about this report visit https://www.researchandmarkets.com/r/22qu64
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Ultra-fast charging of electric cars will soon be possible everywhere in inner cities: ADS-TEC Energy, a leader in battery-buffered ultra-fast charging technology and Munich-based JOLT Energy announcing the opening of a new site at an ESSO filling station in Stuttgart as part of its strategic partnership. The first installations at service stations in the Netherlands and Germany has already begun. Distribution in the USA is in preparation.
NUERTINGEN, Germany & MUNICH--(BUSINESS WIRE)--JOLT Energy and ADS-TEC Energy (Nasdaq: ADSE), as part of their strategic partnership, announce that the introduction of ultra-fast charging stations in major European cities and the United States is gaining momentum. Latest example is the opening of an ultra-fast battery-buffered charging station, a so-called ChargeBox, on 26 July at an ESSO filling station in Stuttgart.
ADS-TEC Energy develops and manufactures ultra-fast, battery-buffered charging stations that charge modern electric cars as well at power-limited grids in minutes instead of hours. The Munich-based charging network operator JOLT buys, and operates ADS-TEC Energy's battery and charging technology. In addition, both companies are cooperating on the development of advanced mobile, ultra-fast charging stations.
JOLT has already started to deploy the battery-buffered ADS-TEC Energy ultra-fast charging stations: They will be installed at the EG Group's ESSO service stations in Munich, Berlin, Hamburg, Frankfurt, Stuttgart, Dresden, Duesseldorf and Nuremberg as well as at TAMOIL stations in the Netherlands. JOLT is also cooperating with ADS-TEC Energy, the consultant Pataki-Cahill and engineering giant AECOM on the expansion in the United States. JOLT aims to install and operate up to 5,000 ultra-fast charging stations over the next 5 years.
Maurice Neligan, CEO of JOLT Energy Group: "This partnership allows JOLT to accelerate the deployment of its charging network in cities and urban areas. For us, speed of deployment and the flexibility to provide high quality ultra-fast charging in large population centers is key. ADS-TEC Energy’s intelligent charging and battery technology is best in class, in terms of power, quietness and charging time, as well as being supported by a highly competent team of engineers and specialists. This is a great example of two companies complimenting each other to leverage growth opportunities in an emerging and dynamic market.”
Thomas Speidel, CEO, ADS-TEC Energy: "We are looking forward to enabling broad acceptance of e-mobility in Europe and the USA through ultra-fast charging options in almost all places together with JOLT. JOLT's management team has outstanding know-how, and the sales and operating concept is flexible and innovative. The fact that JOLT was able to win TAMOIL and one of the world’s leading independent convenience retailers, EG Group for our solution speaks for itself."
About Jolt
JOLT Energy is a Dublin, Munich & Boston based technology business, focused on owning and operating ultra-fast charging solutions in urban areas. Its business model is to provide vehicle high-powered charging combined with grid-services and digital advertising. With an experienced management team coming from large companies like Siemens, Continental, General Electric, Mitsubishi and Volkswagen group, JOLT takes an innovative and agile approach to deploying high-tech, future oriented charging solutions.
More information on www.jolt.energy
About ADS-TEC Energy
ADS-TEC Energy plc, a public limited company incorporated in Ireland and publicly listed on NASDAQ (“ADS-TEC Energy”), serves as a holding company for ads-tec Energy GmbH, our operating company incorporated in Germany (“ADSE GM”) and ads-tec Energy Inc., a US subsidiary of ads-tec Energy GmbH (“ADSE US” and together with ADS-TEC Energy and ADSE GM, “ADSE”). Based on more than ten years of experience with lithium-ion technologies, ADS-TEC Energy develops and manufactures battery storage solutions and fast charging systems including their energy management systems. Its battery-based, fast charging technology enables electric vehicles to ultrafast charge even on low powered grids and features a very compact design. The high quality and functionality of the battery systems are due to a particularly high depth of development and in-house production. With its advanced system platforms, ADS-TEC Energy is a valuable partner for automotive, OEMs, utility companies and charge-operators.
More information on: https://adstec-energy.com/en/
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include statements regarding our expectations with respect to future performance and the anticipated timing of certain commercial activities, such as the anticipated timing for the installation of ultra-fast charging stations in Europe and the USA. There are a significant number of factors that could cause actual results to differ materially from the statements made in this press release, including: the impact of the COVID-19 pandemic, geopolitical events including the Russian invasion of Ukraine, macroeconomic trends including changes in inflation or interest rates, or other events beyond our control on the overall economy, our business and those of our customers and suppliers, including due to supply chain disruptions and expense increases; our limited operating history as a public company; our dependence on widespread acceptance and adoption of EVs and increased installation of charging stations; our current dependence on sales to a limited number of customers for most of our revenues; overall demand for EV charging and the potential for reduced demand for EVs if governmental rebates, tax credits and other financial incentives are reduced, modified or eliminated or governmental mandates to increase the use of EVs or decrease the use of vehicles powered by fossil fuels, either directly or indirectly through mandated limits on carbon emissions, are reduced, modified or eliminated; supply chain interruptions and expense increases; unexpected delays in new product introductions; our ability to expand our operations and market share in Europe and the U.S.; the effects of competition; changes to battery energy storage standards; and the risk that our technology could have undetected defects or errors. Additional risks and uncertainties that could affect our financial results are included under “Item 3. Key Information – 3.D. Risk Factors” in our annual report on Form 20-F filed with the Securities and Exchange Commission (the “SEC”) on April 28, 2022, which is available on our website at https://adstec-energy.com/investor-relations-corporate-governance/ and on the SEC’s website at www.sec.gov. Additional information will also be set forth in other filings that we make with the SEC from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by applicable law.
Media:
For ADS-TEC Energy Europe:
Antonia Stranzinger
Head of Corporate Marketing & Communication
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+49-7022-2522-2306
For ADS-TEC Energy United States:
Stephannie Depa
Breakaway Communications
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+1 530-864-0136
For JOLT:
Miriam Laufer
Brand & Marketing Manager
JOLT Energy GmbH
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+ 49 89 74982 424
Streamlining Engineering Best Practices for Large-Scale Nitrate Salt Storage
DENVER--(BUSINESS WIRE)--Solar Dynamics LLC, EPRI, and Malta Inc., announced today the U.S. Department of Energy (DOE) selected their team to develop a new design basis document intended to accelerate low-carbon energy applications that utilize nitrate salt storage.
The initiative will combine the organizations’ industry-leading knowledge and experience to present technical recommendations for future energy projects utilizing nitrate salt as a heat transport fluid and thermal storage medium.
Through the compilation of cutting-edge engineering practices and lessons learned from past projects, both successful and unsuccessful, this design basis document is intended to codify industry consensus and establish guidelines to assist future developers in planning reliable, efficient, and cost-effective designs.
This new design basis document could advance the next generation of nitrate salt thermal storage systems, which have applications in concentrated solar power, long-duration energy storage, and nuclear energy.
“The team is very excited by this award and the key role that it can play in accelerating molten salt systems,” said Hank Price, Managing Director of Solar Dynamics. “EPRI’s vast subject knowledge and stellar reputation, coupled with Malta’s global expertise in energy storage, ensures that this document will represent the current state of the art in technical and practical expertise in salt systems.”
“Collaborating with Solar Dynamics and Malta to assemble the most effective benchmarks for molten salt energy storage and concentrated solar plants represents an opportunity to build awareness of this technology and help advance an entire class of energy systems,” said Michael Caravaggio, Director of Research and Development, EPRI.
“Malta is excited to be contributing knowledge gained from the development of our long-duration energy storage system to the advancement of the energy industry," said Malta CEO Ramya Swaminathan. “We’re delighted to provide our expertise and promote molten salt storage as a solution to some of the world’s biggest energy challenges.”
The study is being led by molten salt expert Bruce Kelly and is scheduled to take 12 months. It involves direct interviews with plant operators, EPCs, and owners, and it will build upon the National Renewable Energy Laboratory’s previous work on the subject.
“By standardizing these design lessons into ‘open source,’ best-practice instructions, we will accelerate our migration to more low-carbon energy systems and ultimately, reduce costs passed along to customers,” said Price.
About Solar Dynamics
Solar Dynamics, based near Denver in Broomfield, Colorado, is a technology company leveraging practical experience, innovative designs, and state-of-the-art engineering tools to develop next-generation products and services for concentrating solar energy. Solar Dynamics’ proprietary technology focus is on molten salt tower technology, molten salt trough technology, and developing advanced heliostat and trough collector designs to make these systems more cost-effective.
www.solardynllc.com
About EPRI
Founded in 1972, EPRI is the world's preeminent independent, non-profit energy research and development organization, with offices around the world. EPRI's trusted experts collaborate with more than 450 companies in 45 countries, driving innovation to ensure the public has clean, safe, reliable, affordable, and equitable access to electricity across the globe. Together, we are shaping the future of energy.
www.epri.com
About Malta Inc.
Based in Cambridge Massachusetts, Malta Inc. has developed a Pumped Heat Energy Storage (PHES) system to provide long-duration, large-scale, cost-effective, and safe energy storage. Malta’s system stores electricity as thermal energy and then re-generates the electricity on demand for up to 200 hours, meeting daily and weekly needs. Malta’s PHES system also generates clean heat for industrial and district heating applications. The company was originally incubated at Google’s Moonshot Factory, X, and is backed by energy industry leaders Alfa Laval, Proman, Chevron Technology Ventures, and Trafigura Group, as well as investors Breakthrough Energy Ventures and Piva Capital.
www.maltainc.com
Media
Solar Dynamics
Hank Price
(720) 955-6404
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EPRI
Rachel Gantz
(202) 293-7517
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Malta
Steven C. Sullivan
(518) 441-7272
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Ron Dizy brings over 25 years of energy industry leadership across strategy, finance, operations, engineering, and business development to e-Zinc’s board
TORONTO--(BUSINESS WIRE)--#Battery--e-Zinc, the company enabling sustainable, long-duration energy storage with its zinc-air battery, announced today that it has appointed energy and technology industry leader Ron Dizy to its Board of Directors. As a member of the board, Dizy will bring deep industry experience to help e-Zinc grow, commercialize its energy storage technology, and secure new funding.
Currently, Dizy is the co-Founder and Managing Director at Red Jar Capital where he serves a dual role as an operator and investor in the technology and advanced energy sectors. At Red Jar, Dizy is responsible for managing the day-to-day operations, leading investments, and finding ways to consistently add value to Red Jar’s portfolio and partner companies. Dizy is also an active participant in the advanced energy sector, and he is frequently sought out as a consultant by government, energy agencies, and utility organizations.
“A key requirement for a sustainable energy future is long duration storage. e-Zinc’s vision to bring that capability in a cost effective and sustainable package was the key factor motivating me to join its Board,” said Ron Dizy. “I have been watching James’ leadership at e-Zinc over the past three years, and am very impressed with the progress that e-Zinc has made to validate its zinc-air batteries. I’m excited to support the company in bringing this technology to commercial adoption at scale.”
Prior to co-founding Red Jar, Dizy was the Chief Commercial Officer at Spark Power, where he led sales, product management & marketing, business development, and corporate strategy with a focus on bringing new customer-centric solutions to the industrial, commercial, and utility markets. Before that, he was the SVP of Partnerships at clean tech startup community and consultancy MaRS, where he was responsible for helping utilities around the world adopt innovation at scale, and help them survive in a world being rapidly changed by technology, customer preferences, and regulations.
“We are thrilled to welcome Ron to e-Zinc’s Board of Directors and leverage his deep expertise in energy, technology, and venture capital to advance the commercialization of our zinc-based, long-duration energy storage systems,” said James Larsen, CEO at e-Zinc. “As an industry leader, Ron brings valuable and diverse experience, a pragmatic perspective, and shares our passion for enabling a renewable energy future. We look forward to learning from him and building a bright future for e-Zinc together.”
For more information, visit www.e-zinc.ca.
About e-Zinc
e-Zinc is a zinc-air battery company based in Toronto. The company’s energy storage system can be up to 80 percent more cost effective than comparable lithium-ion systems for long-duration applications. Importantly, its energy storage system can operate in cold and hot climates and is made of abundant and recyclable materials. www.e-zinc.ca.
Media
Brandon Reid for e-Zinc
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Standardized Documentation of Aircraft Operators’ Uplift of Sustainable Aviation Fuel
WASHINGTON--(BUSINESS WIRE)--Today, the National Air Transportation Association (NATA) in partnership with 4AIR announced the release of a first-ever Sustainable Aviation Fuel (SAF) receipt for business aviation. The SAF Delivery Receipt allows fixed-base operators (FBOs) to provide industry-requested, standardized documentation to business aircraft operators about their uplift of SAF. Aircraft operators can use the new receipt both for certification by 4AIR and others of their efforts to fight climate change, and for compliance with Environment, Social and Governance (ESG) goals.
At present, the largest emissions reductions are enabled by using SAF, but operators currently are receiving different documentation depending on their supplier. Moreover, there is no way to easily link the sustainability documentation to the “last mile uplift” from the FBO to the operator.
“Sustainable Aviation Fuel is today’s most accessible way to not just offset but actually reduce carbon emissions that contribute to climate change,” said 4AIR President Kennedy Ricci. “However, many operators were struggling to get the necessary information to report on their use of SAF. Our collaboration with NATA provides a standardized paper trail for everyone in the industry to know what to look for. It both proves and highlights the use of SAF, which will encourage its wider adoption.”
Documenting the feedstock used with a particular uplift is vital to know the carbon intensity of the fuel. Similarly, an operator needs to know the blend of the fuel uplifted to calculate the actual emissions reduced.
The first standardized proof of purchase will make operators more aware of the level of sustainability of the SAF they have uplifted. The documentation – like a W2 for sustainability – allows them to document their use for reporting. This will drive more uplift of SAF or encourage operators to seek it out to arrive or depart from a location where it is available to meet their sustainability goals or enhance their ESG efforts.
“This is another example of the business aviation industry’s efforts to show that, while carbon and emissions offsets are a critical starting point, we must encourage adoption of SAF and other carbon-reducing technologies wherever available,” said NATA President and CEO Timothy Obitts. “This formal documentation of the use of SAF fulfills an important industry need and provides a pathway for sustainability to become standard operating procedure throughout business aviation.”
Highlights:
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About the National Air Transportation Association
The National Air Transportation Association (NATA) has been the voice of aviation business for more than 80 years. Representing nearly 3,700 aviation business service providers, NATA is the leading national trade association representing the business interests of general aviation service companies on legislative and regulatory matters at the federal level, while also providing education, services, and benefits to our members to help ensure their long-term economic success. NATA is a founding member of the Business Aviation Coalition for Sustainable Aviation Fuel and the Council on Sustainable Fuels Accountability (CoSAFA), of which NATA President and CEO Timothy Obitts serves as chairman of the Steering Committee and as board chairman, respectively. For more information, visit https://www.nata.aero.
About 4AIR
4AIR is an industry pioneer offering sustainability solutions beyond just simple carbon neutrality. Its industry-first framework seeks to address climate impacts of all types and provides a simplified and verifiable path for private aviation industry participants to achieve meaningful aircraft emissions counteraction and reduction.
The 4AIR framework offers four levels, each with specific, science-based goals, independently verified results and progressively greater impacts on sustainability that make it easy for private aviation users to pursue sustainability through access to carbon markets, use of Sustainable Aviation Fuel, support for new technologies and other strategies.
For more information, visit us at www.4air.aero. For 4AIR press inquiries, contact Nicholas Parmelee at 781-210-5027 or This email address is being protected from spambots. You need JavaScript enabled to view it..
For 4AIR press inquiries:
Nicholas Parmelee, 781-210-5027
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For general press inquiries:
Shannon Chambers, 703-298-1347
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In Q2, the climate-tech company expanded into new geographies and extended offerings beyond electric utilities to gas utilities, oil & gas, transportation, and water & wastewater companies.
SANTA CLARA, Calif.--(BUSINESS WIRE)--AiDash, a leading provider of satellite and AI-powered operations, maintenance, and sustainability solutions, today announced a record-breaking Q2 2022, with the company experiencing about 3x growth year over year in annual recurring revenue (ARR) and number of customers compared to Q2 2021.
Adding customers in Europe and Asia, AiDash expanded its offerings beyond electric utilities to gas utilities, oil & gas, transportation, and water & wastewater in Q2 2022. The company also grew its employee headcount by 125% to support the booming business.
“I couldn’t be more humbled by the continued success of AiDash,” says Abhishek Singh, co-founder and CEO of AiDash. “In Q2 alone, our revenue grew 61% quarter over quarter while we expanded into new geographies and industries, experienced exponential growth in ARR, customers and employees, and set the foundation for continued growth into the second half of the year. I’m proud of these milestones and look forward to future growth.”
In Q2 2022, AiDash hired a new chief financial officer and appointed a new vice president of product management to support the company’s momentum. In May 2022 the company released a brand new product, the Disaster and Disruption Management System (DDMS), which helps utility and energy companies, as well as governments and cities, manage the impact of natural disasters. DDMS has already received strong customer traction, and is now seeing 85 - 90% model accuracy when predicting customer interruptions before, during, and after storms.
Heading into the second half of the year, customers can expect major advancements to its Intelligent Sustainability Management System (ISMS). The company is also finalizing several other advancements to its portfolio, which are set to release before the end of 2022. These include tree health risk predictions, wildfire risk management and mitigation, carbon offset measurements and net gain planning, plus biodiversity net gain planning to help companies meet environmental goals, and accelerate ESG reporting and sustainability initiatives, as well as remote monitoring for roads. AiDash also plans for further global expansion in North America, Europe and Asia.
Founded in 2019, AiDash has quickly acquired over 60 customers, including National Grid, Entergy, Avista, and other Fortune 500 companies. This rapid growth reflects AiDash’s purposeful strides as a climate-tech company that is creating a greener, cleaner, safer planet from space. To learn more, please visit www.aidash.com.
About AiDash
AiDash is an AI-first vertical SaaS company on a mission to transform operations, maintenance, and sustainability in industries with geographically distributed assets by using satellites and AI at scale. With access to a continual, near real-time stream of critical data, utilities, energy, mining, and other core industries can make more informed decisions and build optimized long-term plans, all while reducing costs, improving reliability, and achieving sustainability goals. To learn more about how AiDash is helping core industries become more resilient, efficient, and sustainable, visit www.aidash.com.
BAM for AiDash
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TULSA, Okla.--(BUSINESS WIRE)--Williams’ (NYSE: WMB) board of directors has approved a regular dividend of $0.425 per share, or $1.70 annualized, on the company’s common stock, payable on Sept. 26, 2022, to holders of record at the close of business on Sept. 9, 2022.
This is a 3.7% increase from Williams’ third-quarter 2021 quarterly dividend of $0.41 per share, paid in September 2021.
Some portion of this distribution may be considered a return of capital for tax purposes. Additional information regarding return of capital distributions is available at Williams’ investor relations website.
Williams has paid a common stock dividend every quarter since 1974.
About Williams
As the world demands reliable, low-cost, low-carbon energy, Williams (NYSE: WMB) will be there with the best transport, storage and delivery solutions to reliably fuel the clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation, storage, wholesale marketing and trading of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. Williams owns and operates more than 30,000 miles of pipelines system wide – including Transco, the nation’s largest volume and fastest growing pipeline – and handles approximately 30 percent of the natural gas in the United States that is used every day for clean-power generation, heating and industrial use. Learn how the company is leveraging its nationwide footprint to incorporate clean hydrogen, next generation gas and other innovations at www.williams.com.
Portions of this document may constitute “forward-looking statements” as defined by federal law. Although the company believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the “safe harbor” protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in the company’s annual and quarterly reports filed with the Securities and Exchange Commission.
MEDIA:
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(800) 945-8723
INVESTOR CONTACT:
Danilo Juvane
(918) 573-5075
Grace Scott
(918) 573-1092
WILLISTON, Vt.--(BUSINESS WIRE)--$SIRC #benzinga--iSun, Inc. (NASDAQ: ISUN) (the “Company”, or “iSun”), a leading solar energy and clean mobility infrastructure company with 50-years of experience accelerating the adoption of innovative electrical technologies, today announced its ranking as one of the top solar contractors in the United States by Solar Power World, the industry’s leading source for technology, development and installation news.
iSun was ranked 61st amongst all solar contractors, and 11th amongst all commercial & industrial EPC contractors in the United States. iSun’s residential brand, SunCommon, played a significant role in these rankings. SunCommon installed over 7400 kWh of energy storage in 2021, propelling iSun to a 24th place ranking in the solar and storage installation category. SunCommon’s 7,574 kW of solar installation would also have ranked them 42nd amongst US residential contractors. iSun was also recognized as the largest solar contractor in its home state of Vermont.
Published annually, Solar Power World’s list ranks applicants according to their influence in the U.S. solar industry and includes over 400 companies. To see the list in entirety, please visit: https://www.solarpowerworldonline.com/2021-top-solar-contractors/.
iSun’s Chief Executive Officer, Jeffrey Peck, commented, “We are honored to be recognized by Solar Power World for our efforts to advance the adoption of solar energy. We are particularly proud of the fact that iSun received honors in three separate categories. These results further validate our strategic plan to accelerate the adoption of solar energy by servicing each segment of the solar marketplace.”
About iSun Inc.
Since 1972, iSun has accelerated the adoption of proven, life-improving innovations in electrification technology. iSun has been the trusted electrical contractor to Fortune 500 companies for decades and has installed clean rooms, fiber optic cables, flight simulators, and over 400 megawatts of solar systems. The Company has provided solar EPC services across residential, commercial & industrial, and utility scale projects and provides solar electric vehicle charging solutions for both grid-tied and battery backed solar EV charging systems. iSun believes that the transition to clean, renewable solar energy is the most important investment to make today and is focused on profitable growth opportunities. Please visit www.isunenergy.com for additional information.
Forward Looking Statements
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, effective tax rate, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.
The forward-looking statements included in this press release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the risk factors described from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.
All forward-looking statements included in this press release are based on information currently available to us, and we assume no obligation to update any forward-looking statement except as may be required by law.
IR Contact:
Tyler Barnes
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802-289-8141
Ameresco will upgrade more than 77,000 of all citywide streetlights from high pressure sodium luminaires to LED fixtures
FRAMINGHAM, Mass. & MEMPHIS, Tenn.--(BUSINESS WIRE)--#carbonreduction--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced its partnership with the City of Memphis and Memphis Light, Gas and Water (MLGW) to lead a comprehensive LED streetlighting, controls and networking project designed to reduce energy costs citywide and enhance operations and maintenance capabilities with the upgrade of over 77,000 fixtures to LED.
In addition to providing improved illumination, enhanced safety and reduced maintenance needs, the project is expected to result in annual energy savings of more than 37 million kWh and reduce greenhouse gas emissions by more than 26,000 metric tons. The resulting energy and operating cost savings will allow the project to pay for itself over the life of the system. Updated luminaires will be fully controllable through remote monitoring on a secure network capable of additional smart city applications. The City of Memphis aims to significantly reduce its carbon emissions, while simultaneously improving both streetscape and nighttime visibility in a cost-effective and energy-efficient manner through the completion of this project.
Additionally, throughout the construction process, local residents from Memphis and the surrounding communities will be employed to participate in the construction of the streetlighting upgrades. By working in conjunction with the community, Ameresco hopes to exceed Memphis’s goals for MWBE participation for job creation and workforce development and create lasting opportunities for residents that extend beyond the project term.
"We are now almost ready to begin converting all 77,000 streetlights across our city to LED bulbs. By doing this, we will be bringing significantly improved lighting to every neighborhood in Memphis,” Mayor Jim Strickland said. “As I stated in my State of the City last year, no longer will criminals have a safe harbor to operate under cover of darkness and prey on our citizens in dimly lit parts of the City. I’m pleased this much-needed project will be starting soon.”
“MLGW is pleased to work with the City of Memphis and Ameresco to upgrade MLGW’s streetlighting system within the City of Memphis to provide enhanced lighting, substantial energy savings, reduced greenhouse gas emissions, and lower maintenance costs,” said J.T. Young, President and CEO, Memphis Light, Gas and Water.
As the leading Energy Services Company (ESCO) provider of LED streetlighting conversions and the largest non-utility purchaser of LED streetlights, Ameresco brings national streetlighting and controls experience to the project. In total, Ameresco has experience developing projects for and converting more than 800,000 streetlights to LED light sources, of which over 50% are controlled by a lighting management system.
“Our experience leading complex streetlighting modernization projects with some of the largest cities in the U.S., like Chicago and Phoenix, has prepared us well for our work with the City of Memphis,” said Louis P. Maltezos, Executive Vice President, Ameresco. “Our goal is to outfit the city with state-of-the-art solutions that will greatly reduce light pollution and ensure a cleaner, safer and healthier future for all Memphis residents.”
Construction is expected to begin in Fall 2022 and reach completion by Fall 2023.
To learn more about the smart cities solutions offered by Ameresco, visit https://www.ameresco.com/smart-cities/.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and the United Kingdom. Ameresco’s sustainability services in support of clients’ pursuit of Net Zero include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.
About City of Memphis
The City of Memphis, founded in 1819 and incorporated in 1826 is the second largest city in Tennessee and the 28th-largest city in the United States in terms of population. For more information, visit https://www.memphistn.gov/.
About Memphis Light, Gas and Water
Memphis Light, Gas and Water is the largest three-service public power utility in the nation, serving more than 439,000 customers in Memphis and Shelby County.
The announcement of an award of a customer’s project contract is not necessarily indicative of the timing or amount of revenue from such award, of the company’s overall revenue for any particular period or of trends in the company’s overall total project backlog. This project was included in our previously reported awarded backlog as of March 31, 2022.
Media:
Ameresco: Leila Dillon, 508-661-2264, This email address is being protected from spambots. You need JavaScript enabled to view it.
City of Memphis: Arlenia Cole, 901-569-1971, This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Engine Oil Market - Global Outlook and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The engine oil market is provided for the forecast years 2022 to 2027 and the base year of 2021. The market is segmented as per End Use, Oil Type, and Geography for the years considered. The report provides a holistic approach to the engine oil market to enable customers to analyze the market efficiently.
The primary role of engine oil is to lubricate the engine parts to minimize friction and overheating. It also performs a variety of secondary functions. It aids in the cleaning and cooling of engine parts and the prevention of rust and corrosion accumulation on the piston.
The engine oil market is changing as the customers demand good quality and higher performing oil, which would enhance the vehicle's fuel economy with better engine performance. Increasing the shelf life of the engine, reducing carbon footprint, supplying low-viscosity engine oils to improve fuel economy, and meeting changing vehicle emission standards set by various government entities are all examples of continuous innovation and advancements in catering to diverse automotive needs. The increasing use of passenger cars, commercial vehicles, and the rapidly growing transportation industry in the emerging economies have boosted the market.
MARKET TRENDS
Drivers: Rapid Infrastructure Development Increasing the Demand for Heavy Equipment
The infrastructure and construction industry is essential for the overall economic growth of the world. Adequate infrastructures such as road and railway transport systems, ports, power, and airports are needed to integrate the country's economy with other world economies.
In recent years infrastructure development has grown substantially across the globe, and due to this, the demand for heavy equipment has increased. Generally, heavy equipment refers to heavy-duty vehicles used for construction and mining work; therefore increase in heavy equipment will ultimately increase the demand for engine oil.
In addition, emerging countries have taken advantage of foreign direct investment and helped MNCs build various infrastructure and construction projects in multiple countries. Also, new industrial policies implemented by governments of emerging economies helped increase the production capacity of heavy equipment vehicles.
The infrastructure and construction industry has shown rapid growth worldwide because of low-cost raw materials, low cost of skilled labor, and increased foreign direct investment (FDI).
Opportunities: Increasing Demand for Good Quality Engine Oil due to Stringent Emission Regulation
Governments across the globe have been creating awareness about the negative impacts of greenhouse gas emissions; because of that, various environmental agencies are working closely with governments of multiple countries. As a result, various governments worldwide have laid down stringent emission regulations for vehicles to reduce their environmental impact.
Therefore, many manufacturers have taken these regulations as an opportunity to invest in R&D so that they can develop products that will follow these emission regulations and deliver the better performance of the engine. In addition, countries like India, China, US, Germany, UK, and France have laid down emission norms that will decrease fuel consumption and offer better performance.
All the above points will increase the demand for good quality engine oil. Various automobile manufacturers such as Ford (US), Mazda (Japan), McLaren (UK), Toyota (Japan), and Porsche (Germany) have formed a strategic partnerships with various manufacturers such as Shell PLC (UK), ExxonMobil (US), and Gulf Oil (US) to develop engine oils compatible for modern engines which follows the emission regulations.
Also, the developments in engine design, engine assembly, piston design, and crankshaft systems have created an opportunity for engine oil manufacturers to develop high-performing and efficiency-driven engine oils.
Challenges: Constant Fluctuation in Crude Oil Prices
Crude oil is one of the most critical factors influencing international economic development because crude oil products are used in practically every machine. The transportation sector throughout the world is entirely reliant on petroleum products such as gasoline and diesel fuel.
Also, different types of lubricants are used for the well functioning of transport vehicles. In addition, many countries also rely extensively on petroleum fuels to heat their homes, cook their food, and generate power. Petroleum products derived from crude oil and other hydrocarbon liquids account for approximately one-third of global energy use. Volatile oil prices have the potential to send shockwaves throughout the global economy.
Changes also influence oil prices in supply and demand. Oil is a necessity and is in high demand; market forces primarily determine its price. As crude oil is the primary raw material required to manufacture base oil, engine oil consists of 80% to 90% of base oil, and constant fluctuations in crude oil prices affect engine oil prices.
SEGMENT REVIEW
Automotive engine oil is the most commonly used lubricant in vehicles. The automotive engine oil market occupied almost 75% of the global engine oil market share in 2021.
The automotive engine oil market is projected to grow at a CAGR of more than 5% from 2022 to 2027. Engine oil plays a vital role in engine performance, protecting against wear and tear of moving parts. Engine oil consists of base oils and various additives, giving a broad spectrum of properties. Global engine oil products are broadly used in various industries such as automotive & transportation, heavy equipment, power generation, agriculture, woodworking, textile, and others.
Engine oil is generally available in three oil types: fully synthetic, semi-synthetic, and mineral oil. All three oil types have some advantages, but semi-synthetic engine oil is the largest oil type segment in the market. Semi-synthetic oils are a mixture of mineral oils and fully synthetic lubricants. Semi-synthetic oil is more expensive than mineral oil but less expensive than fully synthetic oil, which helps consumers to get premium quality engine oil at an economical price. Semi-synthetic oils offer similar properties to fully synthetic, such as increased engine performance, excellent parts protection, and optimized performance.
The global engine oil market is diverse. APAC is the leading market for engine oil because of the low cost of labor and abundant availability of raw materials. APAC will dominate the market through the forecast period. However, there are many countries with a high scope for expansion that will challenge the dominance of APAC.
COMPANY AND STRATEGIES
The key players have undertaken various strategies to grow in the engine oil market. Companies in the industry compete strategically. The growth in sustainable processes and initiative has been a challenge for all companies globally. Investments in R&D, technological advancement, and environmental and economic difficulties drive the demand for innovative and sustainable engine oil products.
Some major players in the market include Exxon Mobil Corporation (US), British Petroleum (UK), Shell (UK), Gulf Oil (US), Idemitsu (Japan), Castrol (US), Fuchs (Germany), and Chevron Corporation (US). These players have adopted strategies such as expansion, acquisitions, new product development, joint ventures, and others to increase their revenues in the engine oil market.
Key Vendors
Other Prominent Vendors
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of the Study
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Overview
8 Executive Insights
8.1 Engine Oil Market - Global Forecast (2021-2027)
8.2 Market Synopsis
8.2.1 Market Trends
8.2.2 Segment Review
8.2.3 Companies & Strategies
9 Market Opportunities & Trends
9.1 Demand for Passenger Cars in Emerging Economies
9.2 Demand for Heavy Equipment
10 Market Growth Enablers
10.1 Demand for High-Quality Engine Oil
10.2 Industrialization of Emerging Economies
11 Market Restraints
11.1 High Demand & Production of Electric Vehicles
11.2 Fluctuations in Crude Oil Prices
12 Market Landscape
12.1 Market Overview
12.2 Market Size & Forecast
12.3 Five Forces Analysis
13 End-Use
13.1 Market Snapshot & Growth Engine (Value)
13.2 Market Snapshot & Growth Engine (Volume)
13.3 Market Overview
13.4 Automotive & Transportation
13.5 Heavy Equipment
13.6 Power Generation
13.7 Others
14 Oil Type
14.1 Market Snapshot & Growth Engine (Value)
14.2 Market Snapshot & Growth Engine (Volume)
14.3 Market Overview
14.4 Semi Synthetic
14.5 Fully Synthetic
14.6 Mineral
15 Geography
15.1 Market Snapshot & Growth Engine (Value)
15.2 Market Snapshot & Growth Engine (Volume)
15.3 Geographic Overview
For more information about this report visit https://www.researchandmarkets.com/r/oujs03
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Global Energy as a Service Market: Analysis By Service Type, By End-User, By Region Size And Trends With Impact Of COVID-19 And Forecast up to 2026" report has been added to ResearchAndMarkets.com's offering.
The global energy as a service (EaaS) market in 2021 was valued at US$61.18 billion. The market is expected to reach US$93.31 billion by 2026. The market is expected to grow at a CAGR of 8.9% during the forecast period of 2022-2026.
The energy as a service business model allows customers to pay for an energy service without any upfront capital investment. EaaS is a solution to expand market adoption of advanced, low-carbon technologies. EaaS providers are responsible for maintaining and monitoring the energy supply, lowering the customers' operating costs, and improving profitability.
The EaaS model offers various energy-related services to the consumers, rather than only supplying electricity. The customer benefits from avoiding direct electricity payments, expensive upgrades for electrical equipment or software, or device management while still benefiting from the use of the device.
Governments around the world are taking considerable initiatives and measures to spread awareness about the benefits of using renewable energy, which has led to an increase in renewable energy demand and propelled the overall energy as a service market.
Global Energy as a Service Market Dynamics:
Growth Drivers:
One of the most important factors impacting the energy as a service market is the rapid growth in distributed energy resources. Distributed energy resources (DER) refer to often smaller generation units that are located on the consumer's side of the meter. DERs offer a variety of energy- and cost-related advantages. Further, these power generation units can be deployed in areas that rely heavily on variable energy resources such as wind and solar to ensure uninterrupted power supply in case of disruptions.
Through different services provision and revenue models, EaaS supports the deployment and operation of distributed energy resources. Thus, the growing demand for DERs and their cost-efficiency has resulted in the growth of the energy as a service market. Furthermore, the market has been growing over the past few years, due to factors such as increasing renewable energy generation, rapid urbanization and industrialization, increasing carbon emission, increasing investment in clean energy and energy efficiency, the proliferation of electric vehicles, etc.
Challenges:
However, the market has been confronted with some challenges specifically, high integration and deployment cost, cybersecurity vulnerabilities, etc.
Trends: The market is projected to grow at a fast pace during the forecast period, due to various latest trends such as the internet of energy, increasing use of the smart grid, increasing installation of smart meters, advanced engineering in renewables, rapid digitalization, increasing use of blockchain, etc. The IoE (Internet of Energy) is a smart energy infrastructure system that incorporates the IoT to connect every point within the power grid: generation, load, distribution, storage, and smart meters.
As a result, the IoE supports the power grid's ability to operate with more efficiency, resiliency, and reliability. IoT technology enables commercial and industrial consumers to modulate their energy consumption through a predetermined algorithm tailored to their energy goals. Therefore, the peaks in electricity supply or demand can subsequently be met, and energy consumption becomes much more efficient. Hence, the increase in the integration of IoT in the energy sector is expected to significantly drive the demand for energy as a service model in the forecasted year.
Impact Analysis of COVID-19 and Way Forward:
The COVID-19 outbreak had an adverse effect on the energy as a service market. Industries that predominantly depend on renewable energy sources for operations were forced to function partially or shut down completely due to the rising number of cases. This impacted the renewable energy demand and affect the overall energy as a service market. In the post-COVID era, it is expected that the energy-as-a-service model would grow in importance to be a part of the smart energy community of its ability to reduce energy costs.
The energy investments in the initial stages of the pandemic have reduced significantly. Companies were already struggling to keep up with fixed costs and trying to survive the impact of COVID-19, any commitment to such huge capital investment is either put off, canceled, or delayed. Thus, the impact on the EaaS market was high in 2020. However, in 2021, annual global energy investment is set to rise to US$1.9 trillion, rebounding nearly 10% from 2020 and bringing the total volume of investment back towards pre-crisis levels.
Competitive Landscape:
The global energy as a service market is highly fragmented. Several well-established players are looking to adopt different product strategies such as launching new products to stay competitive in the overall market.
A wide spectrum of stakeholders can benefit from EaaS because of the physical, digital and communication infrastructure required. Major electrical companies and manufacturers of industrial equipment are already creating energy-as-a-service products. The same goes for businesses in the telecommunications, technology, and oil & gas sectors, all of which offer unique advantages.
Most industry players are working to position themselves as a leader in the EaaS field, proving high-efficiency, low-emission power generation products and services that enable customers to increase their power resilience and lower energy costs & carbon emissions. The industry witnesses rising numbers of EaaS agreements formed by oil and gas customers for high reliability, more environmentally friendly power solutions for their operations.
Other strategies opted by market players are mergers & acquisitions. For instance, in June 2022, Schneider Electric announced collaborating with Hitachi Energy to provide greater customer value and accelerate the energy transition. Also, in November 2021, ENGIE, alongside with the company's partner Credit Agricole Assurances, signed an agreement to acquire Eolia, a renewable company in Spain. With 0.9 GW of operating assets and 1.2 GW of renewable projects pipeline, this acquisition would add to ENGIE's scale in the Iberian Peninsula.
Market Dynamics
Growth Driver
Challenges
Market Trends
The key players in the global energy as a service market are:
For more information about this report visit https://www.researchandmarkets.com/r/82bqev
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DENVER--(BUSINESS WIRE)--Altira Group LLC, (“Altira”) an energy venture capital firm headquartered in Denver, today announced its participation in the recent Series C multi-investor funding round for its North Carolina-based portfolio company FlexGen Power Systems, Inc. (“FlexGen”). Altira invested from Altira Technology Fund VI L.P. and through a separate special purpose vehicle (SPV) for current investors, alongside other current and new investors.
FlexGen is a leading integration and software technology provider that delivers utility-scale energy storage projects integrated with traditional and renewable power generation. Since its founding in 2009, FlexGen has installed more than 3 GWh of energy storage systems across the U.S. for utility, microgrid, and commercial and industrial customers.
“FlexGen is advantaged by having over a decade of experience in the energy storage space. Altira has been an important partner and investor since our Series A and we are excited to continue our growth with them,” said FlexGen CEO Kelcy Pegler.
“Since leading the Series A investment in FlexGen in 2015, we have watched the company mature into a cutting-edge energy storage leader,” said Dirk McDermott, partner at Altira Group and FlexGen board member. “Our congratulations go to FlexGen CEO Kelcy Pegler and the FlexGen team for securing this major funding to continue the company’s rapid growth in integrating storage projects and battery optimization solutions worldwide.”
“Altira backs energy technology innovators bringing customer-ready technologies to market that advance the global energy industry through the eyes of our oil and gas strategic partners,” said Altira Principal and Board Observer J.P. Bauman.
Cooley served as legal counsel for Altira Group. DLA Piper LLP acted as legal counsel, and Citi acted as sole placement agent to FlexGen.
About Altira Group
Altira is a Denver-based tenured venture capital firm that has been investing in next generation technology companies in the energy space since 1996. We partner with a select group of U.S oil and gas companies who invest in our fund and help compress our portfolio companies’ market adoption cycles by being early customers. For further information please visit altiragroup.com.
About FlexGen
Based in Durham, N.C., FlexGen is a leading integration services and software technology provider for energy storage solutions in the United States and globally. FlexGen designs and integrates storage solutions and the software platform that is enabling today’s energy transition. Leveraging its best-in-class energy management software and power electronics, FlexGen delivers utility-scale storage projects integrated with traditional and renewable power generation globally. Our clients and partners include the most technically and commercially demanding developers, utilities, government agencies and industrial companies in the world. To learn more, please visit www.flexgen.com.
Bevo Beaven
Redbird Communications Group
720.666.5064 m
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PLANO, Texas--(BUSINESS WIRE)--#blueoil--Denbury Inc. (NYSE: DEN) (“Denbury” or the “Company”) today announced the publication of its seventh Corporate Responsibility Report, disclosing key performance data for the Company’s operations during the 2021 calendar year. The report demonstrates Denbury’s continued dedication to transparency and was prepared based on the recommendations of the Task Force on Climate-Related Financial Disclosures (“TCFD”), in accordance with the Global Reporting Initiative (“GRI”) Standards: Core Option and includes indicators from the Sustainability Accounting Standards Board (“SASB”) Standards.
Noteworthy accomplishments related to Denbury’s corporate responsibility in 2021 include:
Chris Kendall, Denbury’s President and CEO commented, “Our 2022 Corporate Responsibility Report reflects our successes operating a growing, profitable and sustainable company that is dedicated to bettering our employees, our environment and our communities. As Denbury continues to power the energy transition with world-leading carbon solutions, corporate responsibility and sustainability remain critical elements of our overall business strategy. We are proud to have delivered net negative combined Scope 1 and Scope 2 CO2e emissions for the past five years and remain confident that we will achieve our objective of becoming fully carbon-negative by 2030, including Scope 1, 2, and 3 emissions. Through our Denbury Carbon Solutions business, we intend to significantly accelerate global carbon capture by providing the industry’s most extensive and reliable CO2 management, transportation and storage service network. We are excited about our achievements to date and remain focused on enhancing our sustainability efforts to drive progress in our pursuit of decarbonizing our world safely and economically.”
Access the 2022 Corporate Responsibility Report under the Sustainability page of our website: www.denbury.com.
ABOUT DENBURY
Denbury is an independent energy company with operations and assets focused on Carbon Capture, Use and Storage (CCUS) and Enhanced Oil Recovery (EOR) in the Gulf Coast and Rocky Mountain regions. For over two decades, the Company has maintained a unique strategic focus on utilizing CO2 in its EOR operations and since 2012 has also been active in CCUS through the injection of captured industrial-sourced CO2. The Company currently injects over four million tons of captured industrial-sourced CO2 annually, with an objective to fully offset its Scope 1, 2, and 3 CO2 emissions by 2030, primarily through increasing the amount of captured industrial-sourced CO2 used in its operations. For more information about Denbury, visit www.denbury.com.
Follow Denbury on Twitter and LinkedIn.
This press release contains forward looking statements that involve risks and uncertainties, including risks and uncertainties detailed in the Company’s filings with the Securities and Exchange Commission, which risks and uncertainties are incorporated by reference as though fully set forth herein. These statements are based on financial and operating assumptions that the Company believes are reasonable based on currently available information; however, management’s assumptions and the Company’s future performance are subject to a wide range of business risks, and there is no assurance that these goals and projections can or will be met. Actual results may vary materially. Any forward-looking statements represent the Company’s estimates only as of today and should not be relied upon as representing its projections as of any future date.
DENBURY IR CONTACTS
Brad Whitmarsh, 972.673.2020, This email address is being protected from spambots. You need JavaScript enabled to view it.
Beth Bierhaus, 972.673.2554, This email address is being protected from spambots. You need JavaScript enabled to view it.
PARIS--(BUSINESS WIRE)--In accordance with the regulations relating to share buybacks, Technip Energies (PARIS:TE) (ISIN:NL0014559478) declares the following purchases of its own shares during the week of July 18 to July 22, 2022.
These transactions were carried out as part of a buyback program with a discretionary mandate carried out by an investment services provider making decisions relating to the acquisition of Technip Energies shares independently.
Name of the Issuer |
Identify Code of the
|
Day of the
|
Identity Code of
|
Total Daily Volume
|
Daily weighted average
|
Market
|
Technip Energies |
724500FLODI49NSCIP70 |
2022-07-18 |
NL0014559478 |
45000 |
10,178397 |
XPAR |
Technip Energies |
724500FLODI49NSCIP70 |
2022-07-19 |
NL0014559478 |
40000 |
10,040690 |
XPAR |
Technip Energies |
724500FLODI49NSCIP70 |
2022-07-20 |
NL0014559478 |
38000 |
10,373288 |
XPAR |
Technip Energies |
724500FLODI49NSCIP70 |
2022-07-21 |
NL0014559478 |
38000 |
10,313668 |
XPAR |
Technip Energies |
724500FLODI49NSCIP70 |
2022-07-22 |
NL0014559478 |
40000 |
10,179750 |
XPAR |
|
|
|
TOTAL |
201000 |
10,213680 |
|
For detailed information on the transactions carried out and on the objectives of the shares purchases, please refer to the detailed declaration available on https://investors.technipenergies.com/financial-information/notice-trading-own-shares.
About Technip Energies
Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering.
Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.
Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”) traded over-the-counter in the United States.
For further information: https://www.technipenergies.com.
Phillip Lindsay
Vice-President, Investor Relations
Tel: +44 203 429 3929
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Media Relations
Stella Fumey
Director, Press Relations & Digital Communications
Tel: +33 1 85 67 40 95
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Jason Hyonne
Press Relations & Social Media Lead
Tel: +33 1 47 78 22 89
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DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (NYSE: PXD) (“Pioneer” or “the Company”) today announced the publication of its 2022 Sustainability Report, highlighting the Company’s focus and significant progress on environmental, social and governance (ESG) initiatives. The comprehensive report details the Company’s strong leadership position on ESG metrics and targets through 2021, including enhanced disclosures on air emissions, water management practices, diversity, equity and inclusion (DEI), board of director governance and community engagement.
Highlights from Pioneer’s 2022 Sustainability Report include:
Chief Executive Officer Scott D. Sheffield stated, “Pioneer continues to demonstrate our leadership position in environmental, social and governance policies and accomplishments, which we are proud to outline in our 2022 Sustainability Report. In addition, we continue to further strengthen our commitments as illustrated by our recent joining of the OGMP 2.0 initiative, which strives to reduce methane emissions and increase reporting transparency.”
Chairman of the Board, J. Kenneth Thompson, stated, “Pioneer is committed to sustainable practices while concurrently delivering low-cost energy to the world. The Company's work on its strong ESG strategy is a top priority and key area of oversight for the Board, and we are pleased with Pioneer's progress and continued success.”
Additional information on Pioneer’s strategy and performance on ESG and HSE initiatives can be found in the Sustainability Report, which is accessible on the Company’s website listed below. This year’s report references the following reporting standards, terminology and performance metrics: Task Force on Climate-related Financial Disclosure (TCFD), Global Reporting Initiative (GRI), International Petroleum Industry Environmental Conservation Association (IPIECA), Sustainability Accounting Standards Board (SASB) for oil and gas exploration and production standards and the United Nations Sustainable Development Goals (SDGs).
ERM Certification and Verification Services Inc. (ERM CVS) has provided limited assurance of Pioneer’s 2021 emissions (Scope 1 and Scope 2) and flaring data. Additional information on the scope of this assurance can be found in the Sustainability Report.
Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer’s website at www.pxd.com.
Cautionary Statement Regarding Forward-Looking Information
Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements and the business prospects of the Company are subject to a number of risks and uncertainties that may cause the Company's actual results in future periods to differ materially from the forward-looking statements. These risks and uncertainties include, among other things, volatility of commodity prices; product supply and demand; the impact of a widespread outbreak of an illness, such as the COVID-19 pandemic, on global and U.S. economic activity and oil and gas demand; the impact of armed conflict and political instability on economic activity and oil and gas supply and demand; competition; the ability to obtain drilling, environmental and other permits and the timing thereof; the effect of future regulatory or legislative actions on Pioneer or the industries in which it operates, including potential changes to tax laws; the ability to obtain approvals from third parties and negotiate agreements with third parties on mutually acceptable terms; potential liability resulting from pending or future litigation; the costs, including the potential impact of increases due to supply chain disruptions, and results of drilling and operating activities; the risk of new restrictions with respect to development activities, including potential changes to regulations resulting in limitations on the Company's ability to dispose of produced water; availability of equipment, services, resources and personnel required to perform the Company's drilling and operating activities; access to and availability of transportation, processing, fractionation, refining, storage and export facilities; Pioneer's ability to replace reserves, implement its business plans or complete its development activities as scheduled; the Company's ability to achieve its emissions reductions, flaring and other ESG goals; access to and cost of capital; the financial strength of (i) counterparties to Pioneer's credit facility and derivative contracts, (ii) issuers to Pioneer's investment securities and (iii) purchasers of Pioneer's oil, NGL and gas production and downstream sales of purchased oil and gas; uncertainties about estimates of reserves, identification of drilling locations and the ability to add proved reserves in the future; the assumptions underlying forecasts, including forecasts of production, operating cash flow, well costs, capital expenditures, rates of return, expenses, and cash flow from downstream purchases and sales of oil and gas, net of firm transportation commitments; tax rates; quality of technical data; environmental and weather risks, including the possible impacts of climate change on the Company's operations and demand for its products; cybersecurity risks; the risks associated with the ownership and operation of the Company's water services business and acts of war or terrorism. These and other risks are described in the Company's Annual Report on Form 10-K for the year ended December 31, 2021 and other filings with the United States Securities and Exchange Commission. In addition, the Company may be subject to currently unforeseen risks that may have a materially adverse effect on it. Accordingly, no assurances can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. The Company undertakes no duty to publicly update these statements except as required by law.
Pioneer Natural Resources Company Contacts:
Investors
Neal Shah - 972-969-3900
Tom Fitter - 972-969-1821
Greg Wright - 972-969-1770
Chris Leypoldt - 972-969-5834
Media and Public Affairs
Christina Voss - 972-969-5706
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