SAN DIEGO--(BUSINESS WIRE)--$DFCO #BrianBonar--An innovator in clean energy, health care, precision manufacturing, and technology, Dalrada Financial Corporation (OTCQB: DFCO, “Dalrada Corporation”, “Dalrada”) announced the expansion of its executive leadership team, naming Jose Arrieta as Chief Strategy Officer for DFCO as well as President of Dalrada Technologies, a DFCO subsidiary. This is in addition to his current role as a member of the Board of Directors and advisor for the Dalrada Energy Services Advisory Board.
"Dalrada welcomes Mr. Arrieta, whose vast industry knowledge accelerates the Company's growth strategy across all subsidiaries," said Brian Bonar, Dalrada's Chairman and CEO. “Jose’s experience will continue to move Dalrada Technologies forward and improve lives globally, from tracking net-zero data to ensuring secure banking, insurance, health care, digital accessibility, and so much more.”
Through his company, imagineeer, Arrieta has pioneered the development of foundational tools to enable distributed data ownership and secure: IoT solutions, metaverse-enabled environments, digital twinning capability in the government (federal, state, and local), sports and entertainment, sustainable energy, and health market verticals.
Arrieta led the capture process ensuring Dalrada’s Likido®ONE heat pump technology was selected by the U.S. General Services Administration (GSA) and Department of Energy (DOE) to be tested to reduce greenhouse emissions from commercial buildings in the federal Green Proving Ground (GPG) program. Additionally, he has directed design efforts to IoT-enable the Likido®ONE heat pump and create a digital twin capability to improve the effectiveness of service and support. Arrieta has also developed an approach for twinning and tokenizing carbon emission reductions – driven by Likido® machines.
Mr. Arrieta’s achievements as an innovator throughout his career have been largely focused on utilizing emerging technologies to disrupt large organizations in security, banking, healthcare, and government, including defense and homeland security-focused organizations. Arrieta is a seasoned leader with more than 18 years of executive experience at large organizations, including the United States: Department of Treasury, Department of Homeland Security, and the Department of Health and Human Services (HHS). During his time as the Chief Information Officer and Chief Data Officer of HHS, he guided the strategy and technology investments of a $6.3B technology portfolio and led an effort to bring together the nation’s healthcare sector during the Covid-19 response, connecting all states and territories, including 8,000 hospitals, and successfully implemented the largest supervised machine learning effort in U.S. history. Mr. Arrieta also implemented blockchain technology in a $26B supplier network while overseeing and upgrading cybersecurity solutions for 174,000 people and a network that facilitated over $800B in investments with over 160 countries around the world.
“I am excited to work with a nimble, forward-thinking organization that prides itself on solving some of the world’s toughest problems with next-generation systems and solutions,” said Arrieta. “I’m looking forward to contributing to the Company's efforts to disrupt existing business models utilizing technologies and strategies that support business growth and improve efficiencies.”
In addition to overseeing Dalrada’s subsidiaries and public sector strategy and serving on the Company’s Board of Directors, Mr. Arrieta serves on several business and advisory boards for startups as well as national and local public sector and health care organizations. In his new role with Dalrada, he will report directly to Chairman and CEO, Brian Bonar.
About Dalrada:
Dalrada Financial Corporation drives innovation that positively impacts people, businesses, and the planet. With subsidiaries that are firmly positioned in the world’s top three-growing industries of healthcare, clean energy, and technology, Dalrada creates solutions that are sustainable, affordable, and accessible.
The company works continually to produce disruptive products and services that accelerate positive change for current and future generations. Dalrada’s global solutions directly address climate change, post-pandemic gaps in the healthcare industry, and technology solutions for a new era of human behavior and interaction, ensuring a bright future for the world around us.
Established in 1982, Dalrada has since grown its footprint to include the unique business divisions: Dalrada Health, Dalrada Precision, Dalrada Energy Services, and Dalrada Technologies. For more information, please visit www.dalrada.com, and follow us on Twitter, Facebook, and LinkedIn.
Disclaimer:
Statements in this press release are not historical facts, the statements are forward-looking, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management's current views, are based on certain assumptions, and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to several important factors and will be dependent upon a variety of factors including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company's expectations regarding these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company's success are more fully disclosed in the Company's most recent public filings with the US Securities and Exchange Commission ("SEC"), including its annual report on Form 10-K.
Denise Mahaffey
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2023 application process now open for startups addressing climate change in Atlantic City, Baltimore, Chicago, Philadelphia, Washington, D.C., and Wilmington, Del.
CHICAGO--(BUSINESS WIRE)--The Exelon Foundation and Exelon Corporation (Nasdaq: EXC), a Fortune 200 company and the nation’s premier energy transmission and distribution utility company, have selected nine startups to receive funding as part of its Climate Change Investment Initiative (2c2i), a 10-year, $20 million initiative that focuses on start-ups with bright ideas and clean energy and environmentally sustainable technologies with potential for wide-scale impact.
“At this critical point in the fight against climate change, we are focused on finding innovative solutions to mitigate the increasingly devastating effects,” said Chris Crane, president and CEO of Exelon. “Through our direct and indirect 2c2i investments, we are investing in the latest sustainable technologies to reduce those impacts in the communities we serve, particularly in under-resourced areas, which are disproportionately affected by climate change.”
This year’s selected startups include:
Carbon Reform
Based in Wilmington, Del., Carbon Reform is a mission-driven company focused on removing CO2 and pollution from indoor air. The company has developed the Carbon Capsule, a modular carbon dioxide capture device that helps eco- and health-conscious building owners reduce CO2 and contaminant levels internally, improving residents’ health, while saving energy on heating and cooling.
ChargerHelp!
ChargerHelp! is a Los Angeles-based company solving the industry-wide problem of out-of-service electric vehicle charging stations. Their data-driven platform and app-based dispatch system provide on-demand charger repairs and maintenance from trained local workforces, dramatically improving charging efficiency, turnaround time and network availability, while reducing costs across the networks.
Cleartrace
Based in Austin, Texas, Cleartrace’s energy data and carbon accounting platform delivers 100 percent traceable and verifiable energy and carbon records, empowering organizations to understand and intelligently decarbonize their operations.
Just Vertical
Just Vertical develops highly efficient and beautiful indoor gardens that enable anyone to grow their own fresh, healthy food at home, without the environmental damage of traditional farming. The Toronto-based company is on a mission to empower everyone to be part of the food resilience solution by developing indoor garden systems for every family and lifestyle.
Kadeya
Based in Chicago, Kadeya’s network of smart bottling stations and reusable, digitally identifiable bottles eliminate the need for single-use cold beverage containers forever, for everyone. Their 7.5 sq-ft stations act as miniature bottling facilities, decentralizing production to the point of purchase to eliminate 90-95 percent of the GHG footprint of single-use bottles, without giving up quality, convenience or affordability.
Pearl Certification
Pearl Certification is a clean technology certification solution for homeowners and contractors that promotes a greener future and makes high-performance home value visible to benefit homeowners and the professionals who serve them. The Virginia-based company is dedicated to transforming the national housing market for good by building a market that rewards energy efficiency.
Hidden Gems
Headquartered in Philadelphia, HiddenGems creates a more sustainable food system by making nutritious products from food waste. Their first product is Reveal - the world's first avocado seed brew. It's a great-tasting, gut healthy, low-calorie drink made from upcycled avocado seeds that contains probiotics, three times the antioxidants of green tea and is 100 percent sustainable.
Showerstream
Showerstream solves behavioral water waste in hotel showers, which are frequently left running unoccupied, causing billions of gallons of water and kWh of energy to be wasted each year. Based in Austin, Texas, Showerstream has developed a universally compatible smart shower system with advanced sensors that effectively monitors and reduces water and energy consumption.
Traxen
Traxen is a Michigan-based high technology developer dedicated to leading the heavy-duty trucking industry into the future with data-driven solutions that promote safe driving and efficient fuel use. Traxen’s cloud-connected, intelligent cruise control system helps trucking fleets to reduce fuel consumption by 10 percent while also improving safety and driver satisfaction.
About 2c2i
Launched in 2019, 2c2i (Climate Change Investment Initiative) combines the social and environmental impact objectives of the Exelon Foundation with the investment objectives and approach of venture capital. Exelon invests in startups developing new technologies aimed at reducing GHG emissions and mitigating climate change within in Exelon’s service areas, particularly in underserved communities. In addition to the Exelon Foundation’s $10 million financial investment in the startups, Exelon Corporation matches that investment with an investment of up to a $10 million of in-kind support, including mentoring entrepreneurs on ways to access other sources of capital, structure business plans, allocate financial resources and meet regulatory requirements.
How to apply for funding
To qualify for 2c2i consideration, startups must be doing work that will benefit one or more of Exelon’s six major urban markets (Atlantic City, Chicago, Baltimore, Philadelphia, Washington, D.C., and Wilmington, Del.) and have the potential to do one of the following:
Applications for the 2023 2c2i program year are being accepted through Sept. 23. More information is available at exelonfoundation.org.
The Exelon Foundation would like to recognize Katten, 2022 law firm sponsor, for providing in-kind legal services in support of the 2c2i program climate investments.
About Exelon
Exelon (Nasdaq: EXC) is a Fortune 200 company and the nation’s largest utility company, serving more than 10 million customers through six fully regulated transmission and distribution utilities — Atlantic City Electric (ACE), Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power & Light (DPL), PECO Energy Company (PECO), and Potomac Electric Power Company (Pepco). More than 18,000 Exelon employees dedicate their time and expertise to supporting our communities through reliable, affordable and efficient energy delivery, workforce development, equity, economic development and volunteerism. Follow Exelon on Twitter @Exelon
About the Exelon Foundation
The Exelon Foundation is an independent, nonprofit organization funded solely by Exelon Corporation through shareholder dollars. The mission of the Foundation is to encourage respect for the environment, support innovative STEM education programs and strengthen the social and economic fabric of the community by providing a match to Exelon employee contributions.
Liz Keating
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Capstone is Focused on Growing the EaaS Business Model as Quickly as Possible Because it Provides Higher Margins, More Constant and Predictable Revenue Streams
VAN NUYS, Calif.--(BUSINESS WIRE)--$CGRN #EnergyAsAService--Capstone Green Energy Corporation’s (NASDAQ: CGRN) exclusive distributor for Alaska, Artic Energy, has secured a new 12-month Energy-as-a-Service (EaaS) rental contract with a local oil and gas company headquartered in Anchorage. The oil exploration company has established a dominant acreage position on the resource-rich North Slope, home to the largest oil fields in North America, and is looking to reduce its environmental impact.
This contract signifies continued EaaS business expansion due to ongoing customer demand and demonstrates progress on the Company’s vision to create smarter energy for a cleaner future and builds on its track record of saving its customers an estimated $698 million in annual energy costs and reducing CO2 emissions by more than 1,115,100 in the past three years.
“Capstone is seeing strong customer demand across industries for its EaaS long-term rental services, which had 7 MW under contract in March 2021, 26 MW under contract in March 2022, and today contracts in excess of 35 MW, representing nearly 37% growth in one quarter alone,” said Darren Jamison, President and Chief Executive Officer of Capstone Green Energy. “Our EaaS business provides a lower cost and carbon footprint for on-site energy systems in energy-intense businesses like oil and gas, hospitality, commercial, industrial, cannabis, and bitcoin mining which meets multiple needs of existing and prospective customers,” added Mr. Jamison.
Capstone is focused on growing our EaaS business because it provides higher margins, more constant and predictable revenue streams, and allows for a more streamlined staffing model than a traditional industrial manufacturing company while helping customers manage capital costs and meet their environmental impact targets.
As part of this growth strategy, Capstone management has reduced operating costs and modified the operating model, all while continuing to expand its EaaS business. In order to keep up with demand, the company has turned to a “re-rent” strategy which allows the company to quickly accelerate the EaaS rental business model without using large amounts of new capital. A “re-rented” unit is taking an existing customer’s pre-owned microturbine unit that is not being utilized and deploying it into our growing EaaS customer base. By leveraging this unique re-rent strategy, we have created an additional revenue stream for both our Distributors and Capstone, all while continuing to save customers money on their energy needs. Of the 35 MW of contracts noted above, approximately 21 MW of contracts are being fulfilled by units from our internal rental fleet, and the remaining contracts will be fulfilled through re-rents.
“The re-rent model we have recently implemented allows us to continue the high growth rate of the EaaS business without the need for investing additional capital. The margin rates are lower on a re-rent basis than our traditional rental model, but we have the option to purchase the re-rented microturbine-based system in the future in most cases when the company has higher free cash flows,” concluded Mr. Jamison.
About Capstone Green Energy
Capstone Green Energy (www.CapstoneGreenEnergy.com) (NASDAQ: CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Conversion Products are driven by the Company's industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Products business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen Energy Solutions, Capstone Green Energy offers customers a variety of hydrogen products, including the Company's microturbine energy systems.
For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: This email address is being protected from spambots. You need JavaScript enabled to view it.. To date, Capstone has shipped over 10,000 units to 83 countries and estimates that, in FY21, it saved customers over $217 million in annual energy costs and approximately 397,000 tons of carbon. Total savings over the last three years are estimated at 1,115,100 tons of carbon and $698 million in annual energy savings.
For more information about the Company, please visit: www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.
Cautionary Note Regarding Forward-Looking Statements
This release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including statements regarding expectations for green initiatives and execution on the Company's growth strategy and other statements regarding the Company's expectations, beliefs, plans, intentions, and strategies. The Company has tried to identify these forward-looking statements by using words such as "expect," "anticipate," "believe," "could," "should," "estimate," "intend," "may," "will," "plan," "goal" and similar terms and phrases, but such words, terms and phrases are not the exclusive means of identifying such statements. Actual results, performance and achievements could differ materially from those expressed in, or implied by, these forward-looking statements due to a variety of risks, uncertainties and other factors, including, but not limited to, the following: the ongoing effects of the COVID-19 pandemic; the availability of credit and compliance with the agreements governing the Company's indebtedness; the Company's ability to develop new products and enhance existing products; product quality issues, including the adequacy of reserves therefor and warranty cost exposure; intense competition; financial performance of the oil and natural gas industry and other general business, industry and economic conditions; the Company's ability to adequately protect its intellectual property rights; and the impact of pending or threatened litigation. For a detailed discussion of factors that could affect the Company's future operating results, please see the Company's filings with the Securities and Exchange Commission, including the disclosures under "Risk Factors" in those filings. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, changed circumstances or future events or for any other reason.
Capstone Green Energy
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818-407-3628
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DEERFIELD, Ill.--(BUSINESS WIRE)--Today, the U.S. International Trade Commission (“ITC”) made a negative final injury determination concerning its investigation of imports of urea ammonium nitrate solutions (“UAN”) from Russia and Trinidad and Tobago (“Trinidad”).
“We are disappointed that the International Trade Commission has determined the U.S. UAN industry has not been harmed by the unfair trade practices from state-subsidized entities underpinning UAN imports from Russia and Trinidad that were clearly established through thorough and impartial investigations by the U.S. government,” said Tony Will, president and chief executive officer, CF Industries Holdings, Inc. “Unfortunately, this outcome will perpetuate an unlevel playing field for a domestic industry that has invested billions of dollars in the U.S. to ensure American farmers have a reliable source of UAN fertilizer.”
Today’s ITC’s decision follows the U.S. Department of Commerce’s (“Commerce”) final affirmative AD/CVD determinations in June 2022. Commerce found that imports from Russia are dumped (i.e., sold at less than fair value) at rates ranging from 8.16% to 122.93%, and unfairly subsidized at rates ranging from 6.27% to 9.66%. In addition, Commerce found that imports from Trinidad are dumped at a rate of 111.71% and unfairly subsidized at a rate of 1.83%.
Commerce and the ITC initiated their investigations in July 2021 in response to petitions filed by CF Industries through certain of its production facilities.
About CF Industries Holdings, Inc.
At CF Industries, our mission is to provide clean energy to feed and fuel the world sustainably. With our employees focused on safe and reliable operations, environmental stewardship, and disciplined capital and corporate management, we are on a path to decarbonize our ammonia production network – the world’s largest – to enable green and blue hydrogen and nitrogen products for energy, fertilizer, emissions abatement and other industrial activities. Our nine manufacturing complexes in the United States, Canada, and the United Kingdom, an unparalleled storage, transportation and distribution network in North America, and logistics capabilities enabling a global reach underpin our strategy to leverage our unique capabilities to accelerate the world’s transition to clean energy. CF Industries routinely posts investor announcements and additional information on the Company’s website at www.cfindustries.com and encourages those interested in the Company to check there frequently.
Media
Chris Close
Director, Corporate Communications
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Investors
Martin Jarosick
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CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) (“Ampco-Pittsburgh” or the “Corporation”) today announced the preliminary results of its previously announced offer to exercise (the “Offer to Exercise”) 0.4464 shares of the Corporation’s common stock, $1.00 par value per share (“Common Stock”) at an exercise price of $1.7856 per Series A Warrant (or $4.00 per whole share of Common Stock). The Offer to Exercise expired at 11:59 p.m. Eastern Time on July 15, 2022.
Based on the preliminary count by Broadridge Corporate Issuer Solutions, Inc., the depositary agent for the Offer to Exercise, approximately 73,001 Series A Warrants were validly tendered and not validly withdrawn, representing approximately 0.66% of the outstanding Series A Warrants. Ampco-Pittsburgh raised $130,336.00 in gross proceeds from the cash exercise of such Series A Warrants before deducting information agent fees and other offering expenses.
The number of Series A Warrants tendered and not validly withdrawn are preliminary and are subject to verification by the depositary agent and the proper delivery of all Series A Warrants tendered. The depositary agent notified us that the Depository Trust Company (“DTC”) underwent a systematic update on the expiration date of the Offer to Exercise, which we anticipate will report final exercises to the depositary agent once exercises of the Series A Warrants may be verified in the DTC system. The actual number of Series A Warrants properly tendered and not properly withdrawn will be announced promptly following the completion of the verification process.
Series A Warrants that were not tendered and exercised remain in effect at the previous exercise prices of $5.75 per share of Common Stock and $2.5668 per Series A Warrant, respectively.
The Offer to Exercise was made pursuant to the Tender Offer Statement on Schedule TO originally filed by Ampco-Pittsburgh, on May 31, 2022 (the “Original Schedule TO”) and amended on June 29, 2022 and July 18, 2022 (the “Schedule TO”). The complete terms of the Offer to Exercise were set forth in the Schedule TO and related exhibits filed with the Securities and Exchange Commission (the “SEC”). Copies of the Schedule TO, the prospectus and other related materials are available on the SEC’s website, at www.sec.gov. This press release is for informational purposes only and is not an offer to purchase or a solicitation of an offer to sell securities.
About Ampco-Pittsburgh Corporation
Ampco-Pittsburgh Corporation manufactures and sells highly engineered, high-performance specialty metal products and customized equipment utilized by industry throughout the world. Through its operating subsidiary, Union Electric Steel Corporation, it is a leading producer of forged and cast rolls for the global steel and aluminum industries. It also manufactures open-die forged products that are sold principally to customers in the steel distribution market, oil and gas industry, and the aluminum and plastic extrusion industries. The Corporation is also a producer of air and liquid processing equipment, primarily custom-engineered finned tube heat exchange coils, large custom air handling systems and centrifugal pumps. It operates manufacturing facilities in the United States, England, Sweden, and Slovenia and participates in three operating joint ventures located in China. It has sales offices in North America, Asia, Europe, and the Middle East. Corporate headquarters is located in Carnegie, Pennsylvania.
Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 (the “Act”) provides a safe harbor for forward-looking statements made by us or on behalf of the Corporation. This press release may include, but is not limited to, statements about the Corporation’s ability to complete the Offer; operating performance, trends and events that the Corporation expects or anticipates will occur in the future, statements about sales and production levels, restructurings, the impact from global pandemics (including COVID-19), profitability and anticipated expenses, inflation, the global supply chain, future proceeds from the exercise of outstanding warrants, and cash outflows. All statements in this document other than statements of historical fact are statements that are, or could be, deemed “forward-looking statements” within the meaning of the Act and words such as “may,” “will,” “intend,” “believe,” “expect,” “anticipate,” “estimate,” “project,” “forecast” and other terms of similar meaning that indicate future events and trends are also generally intended to identify forward-looking statements. Forward-looking statements speak only as of the date on which such statements are made, are not guarantees of future performance or expectations, and involve risks and uncertainties. For the Corporation, these risks and uncertainties include, but are not limited to cyclical demand for products and economic downturns; excess global capacity in the steel industry; fluctuations of the value of the U.S. dollar relative to other currencies; increases in commodity prices, reductions in electricity and natural gas supply or shortages of key production materials; limitations in availability of capital to fund our operations and strategic plan; inability to maintain adequate liquidity in order to meet our operating cash flow requirements, repay maturing debt and meet other financial obligations; inability to obtain necessary capital or financing on satisfactory terms in order to acquire capital expenditures that may be required to support our growth strategy; inoperability of certain equipment on which we rely; liability of our subsidiaries for claims alleging personal injury from exposure to asbestos-containing components historically used in certain products of our subsidiaries; changes in the existing regulatory environment; inability to successfully restructure our operations; consequences of global pandemics (including COVID-19); work stoppage or another industrial action on the part of any of our unions; inability to satisfy the continued listing requirements of the New York Stock Exchange or the NYSE American Exchange; potential attacks on information technology infrastructure and other cyber-based business disruptions; failure to maintain an effective system of internal controls; disruptions caused by hostilities, including any disruptions caused by the hostilities in Ukraine; and those discussed more fully elsewhere in this report and in documents filed with the Securities and Exchange Commission by the Corporation, particularly in Item 1A, Risk Factors, in Part I of the Corporation’s latest Annual Report on Form 10-K, and Part II of the latest Quarterly Report on Form 10-Q. The Corporation cannot guarantee any future results, levels of activity, performance or achievements. In addition, there may be events in the future that the Corporation may not be able to predict accurately or control which may cause actual results to differ materially from expectations expressed or implied by forward-looking statements. Except as required by applicable law, the Corporation assumes no obligation, and disclaims any obligation, to update forward-looking statements whether as a result of new information, events or otherwise.
Michael G. McAuley
Senior Vice President, Chief Financial Officer and Treasurer
(412) 429-2472
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Ricardo will leverage its capability in decarbonising global transport and energy sectors, to improve efficiency and reduce carbon dioxide emissions.
LONDON--(BUSINESS WIRE)--Ricardo, a global strategic, environmental, and engineering consulting company, has signed a multi-year deal with Pratt & Whitney Canada, a world leader in the design, manufacture and service of aircraft and helicopter engines and auxiliary power units.
The multi-year deal will see the Ricardo aerospace engineering team support Pratt & Whitney Canada in the development of advanced hybrid-electric propulsion technologies for next generation aircraft. The project is part of Pratt & Whitney Canada’s regional hybrid-electric flight demonstrator programme. The company is targeting a 30% improvement in fuel efficiency and commensurate reduction in carbon dioxide emissions, compared to today’s most advanced turboprop engines for regional aircraft.
Adrian Schaffer, President of Emerging Mobility at Ricardo, said: “We’re delighted to have signed this deal with Pratt & Whitney Canada. It represents a significant milestone for our business, as we look to expand our capabilities and footprint in North America and explore new opportunities supporting the decarbonisation of the global aerospace sector. This project will help us build on our existing reputation for the innovative design and delivery of future-forward solutions for aerospace customers, creating clean, efficient, and integrated propulsion systems for next generation aircraft and building on our vision of creating a safe and sustainable world.”
Jean Thomassin, Executive Director new products and services, Pratt & Whitney Canada said: “Hybrid-electric propulsion technology is a core element of our strategy for continually advancing the efficiency of aircraft propulsion systems, in support of the industry-wide goal of achieving net zero carbon dioxide emissions for aviation by 2050. Our collaboration with Ricardo brings valuable expertise around component design, system integration, and testing, which will ultimately enable us to demonstrate the potential of this technology, with ground testing starting later this year and eventual flight tests in 2024.”
The deal represents a significant investment in Ricardo’s aerospace capabilities and resource, as it looks to explore new opportunities to work with customers in the global aerospace sector, which includes policy, strategy, technology implementation and consultancy.
Ends
About Ricardo
Ricardo plc is a global strategic, environmental, and engineering consulting company, listed on the London Stock Exchange. With over 100 years of engineering excellence and employing close to 3,000 employees in more than 20 countries, we provide exceptional levels of expertise in delivering innovative cross-sector sustainable outcomes to support energy transition and scarce resources, environmental services together with safe and smart mobility. Our global team of consultants, environmental specialists, engineers and scientists support our customers to solve the most complex and dynamic challenges to help achieve a safe and sustainable world. Visit www.ricardo.com
Kathryn Bellamy, Global Senior Communications Manager
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Amanda Woolley, Communications Manager, A&I and PP
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WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (the “Partnership”) announced today that the Board of Directors (the “Board”) of its general partner, Global GP LLC, has declared a cash distribution of $0.609375 per unit ($2.4375 per unit on an annualized basis) on the Partnership’s Series A preferred units for the period from May 15, 2022 through August 14, 2022. This distribution will be payable on August 15, 2022 to holders of record as of the opening of business on August 1, 2022.
The Board also declared a cash distribution of $0.59375 per unit ($2.375 per unit on an annualized basis) on the Partnership’s Series B preferred units for the period from May 15, 2022 through August 14, 2022. This distribution will be payable on August 15, 2022 to holders of record as of the opening of business on August 1, 2022.
Non-U.S. Withholding Information
This press release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100%) of GLP’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, GLP’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.
About Global Partners LP
With approximately 1,700 locations primarily in the Northeast, Global Partners is one of the region’s largest independent owners, suppliers and operators of gasoline stations and convenience stores. Global also owns, controls or has access to one of the largest terminal networks in New England and New York, through which it distributes gasoline, distillates, residual oil and renewable fuels to wholesalers, retailers and commercial customers. In addition, Global engages in the transportation of petroleum products and renewable fuels by rail from the mid-continental U.S. and Canada. Global, a master limited partnership, trades on the New York Stock Exchange under the ticker symbol “GLP.” For additional information, visit www.globalp.com.
Forward-looking Statements
Certain statements and information in this press release may constitute “forward-looking statements.” The words “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could” or other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on Global’s current expectations and beliefs concerning future developments and their potential effect on the Partnership. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting the Partnership will be those that it anticipates. Forward-looking statements involve significant risks and uncertainties (some of which are beyond the Partnership’s control) including, without limitation, the impact and duration of the COVID-19 pandemic, uncertainty around the timing of an economic recovery in the United States which will impact the demand for the products we sell and the services that we provide, uncertainty around the impact of the COVID-19 pandemic to our counterparties and our customers and their corresponding ability to perform their obligations and/or utilize the products we sell and/or services we provide, uncertainty around the impact and duration of federal, state and municipal regulations related to the COVID-19 pandemic, and assumptions that could cause actual results to differ materially from the Partnership’s historical experience and present expectations or projections.
For additional information regarding known material factors that could cause actual results to differ from the Partnership’s projected results, please see Global’s filings with the SEC, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Global undertakes no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.
Gregory B. Hanson
Chief Financial Officer
Global Partners LP
(781) 894-8800
Sean T. Geary
Chief Legal Officer and Secretary
Global Partners LP
(781) 894-8800
Since 2019, 66 graduates have helped 139 northern Illinois residents and businesses save money and energy
OAK BROOK, Ill.--(BUSINESS WIRE)--To expand energy efficiency while helping diverse businesses across northern Illinois grow, ComEd today announced the graduation of 33 minority-owned, woman-owned, veteran-owned and other contractor businesses from the ComEd Energy Efficiency Service Provider (EESP) Incubator program. ComEd marked the occasion with a graduation ceremony today in Oak Brook, Ill.
The EESP Incubator Program offers participants education and training on ComEd's energy efficiency portfolio offerings; provides one-on-one assistance with certification applications, business growth plans and building relationships with project financing lenders; and identifies, addresses, and resolves barriers to building a successful business in the energy efficiency field. Participants will also have the opportunity to be matched with an experienced mentor for additional peer-to-peer support.
“For ComEd, powering lives is more than delivering electricity to our customers,” said Gil C. Quiniones, CEO of ComEd. “It’s about supporting the region’s workforce and economy through utility-driven, clean-energy innovation and opportunities. The success of our customers and communities will always be at the center of everything we do here at ComEd.”
ComEd created the EESP Incubator Program in 2019 to focus on recruiting diverse contractor businesses and to support the development of all interested contractors. After graduation, contractors are eligible to join the EESP network and, once accepted, provide ComEd Energy Efficiency Program incentives to customers and grow their businesses through the successful completion of energy efficiency projects.
One participant’s story
To address the barriers often faced by diverse contractor businesses, ComEd saw an opportunity to develop programs to support these local businesses, especially those whose employees are trained as lighting, HVAC or general contractors.
Ramon Hayes is a 2019 Incubator program alumnus and owner of South Holland, Ill.-based Eco-Energy Solutions, a service-disabled, veteran-owned business. Prior to participating in the program, Hayes relied on a small client base and single contract to keep his business doors open. The Incubator team, through one-on-one sessions, assisted Hayes in developing a business growth plan and provided opportunities to enhance his networking abilities.
“The Incubator program was really instrumental in allowing me networking opportunities and in putting me in front of major players in the energy-efficiency space,” said Hayes. “It’s actually really simple. There is no way I would be doing the volume of business that I am doing, had I not gone through the Incubator program.”
Hayes now mentors current Incubator cohort members in energy efficiency project best practices.
Eco-Energy Solutions is one of 66 contractor businesses that have participated in ComEd’s EESP Incubator. Of those participants, 51 have joined the EESP Network and, to date, have submitted 139 energy efficiency projects to ComEd. Many of those projects are located in communities of need which aligns with ComEd’s vision for a clean energy future for all communities it serves, but especially for those most vulnerable to the impacts of climate change.
Over the years, the ComEd Energy Efficiency Program has increasingly helped customers of all kinds reduce their energy bills and consumption, which also helps reduce dependence on fossil fuels. Since its inception in 2008, the ComEd Energy Efficiency Program has provided impactful contributions toward Illinois’ clean energy future. Specifically, the ComEd Energy Efficiency Program has:
For more information, visit ComEd.com/WaysToSave.
ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 200 energy company with approximately 10 million electricity and natural gas customers – the largest number of customers in the U.S. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit ComEd.com and connect with the company on Facebook, Twitter, Instagram and YouTube.
ComEd Media Relations
312-394-3500
HOUSTON--(BUSINESS WIRE)--Blackbuck Resources LLC (“Blackbuck”), which designs, builds, and operates water infrastructure, announced it has expanded its sustainability-linked term loan with Riverstone Credit Partners LLC, a dedicated credit investment platform focused on energy, power, decarbonization, and infrastructure managed by Riverstone Holdings LLC (“Riverstone”). The upsized financing provides Blackbuck with additional liquidity to execute on accretive growth resulting from recently signed contracts around its Midland Basin and Delaware Basin platforms. The facility’s pricing will be adjusted based upon Blackbuck’s adherence to certain sustainability performance targets, which are defined by key performance indicators set internally by Blackbuck. Blackbuck obtained a second party opinion from Sustainable Fitch that considered the transaction to be aligned with the five pillars of the LSTA Sustainability-Linked Loan Principles.
“The team has been working hard on executing our strategy to bring value to new customers adjacent to our existing platforms. We’re pleased to see this paying off as we continue to sign long-term contracts with new, high-quality customers,” said Blackbuck CEO & President Justin Love. “Riverstone has been a great partner to Blackbuck, and this expansion capital further aligns with our anticipated continued growth in a strong macro environment.”
Foley & Lardner LLP served as legal adviser to Blackbuck. Baker Botts L.L.P. served as legal adviser to Riverstone.
About Blackbuck Resources LLC
Based in Houston and Midland, Blackbuck designs, builds, and operates water infrastructure and provides services for the oil and gas industry, with a primary focus on the Permian Basin. The team is comprised of professionals with experience in water disposal and treatment, pipeline management and oil and gas operations. Blackbuck is backed by private equity sponsor Cresta Funds Management. For more information, visit www.blackbuckresources.com.
About Riverstone Holdings LLC
Founded in 2000, Riverstone is an investment firm focused on executing private equity and credit investments in energy, power, decarbonization and infrastructure. To date, the Firm has raised approximately $43 billion of capital, which it has deployed across its platform to over 200 portfolio companies since inception. For more information about Riverstone, please visit www.riverstonellc.com.
About Cresta Fund Management
Blackbuck is a portfolio company of Cresta Fund Management (“Cresta”), a growth-oriented, middle market-focused private equity firm with over $1 billion of assets under management that invests in sustainable and conventional energy, industrial, materials, and agricultural infrastructure. Founded in 2016 and based in Dallas, Texas, Cresta’s team has a strong operational history, with decades of combined development, engineering, commercial, trading, legal and financial experience in the infrastructure industry, and its founding partners have worked together as a team since 2007. For more information, please visit: www.crestafunds.com.
Erika Allgood
Phone: 713.804.9460
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HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. (NYSE: HLX) will issue a press release reporting its second quarter 2022 results on Monday, July 25, 2022, after the close of business. The press release and associated slide presentation will be available on Helix's website, www.HelixESG.com.
Helix will review its second quarter 2022 results on Tuesday, July 26, 2022, at 9:00 a.m. Central Time via a live webcast and teleconference. The live webcast will be available on our website under "For the Investor." Investors and other interested parties wishing to dial in to the teleconference may join by dialing 1-800-786-6956 for participants in the United States or 1-212-231-2902 for international participants. The passcode is "Staffeldt." A replay of the webcast will be available on our website under "For the Investor" by selecting the "Audio Archives" link beginning approximately two hours after the completion of the event.
About Helix
Helix Energy Solutions Group, Inc., headquartered in Houston, Texas, is an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well intervention and robotics operations. For more information about Helix, please visit our website at www.HelixESG.com.
Erik Staffeldt - Executive Vice President and CFO
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Ph: 281-618-0465
Growers can take greater control of their environment using class-leading technologies
CLEVELAND--(BUSINESS WIRE)--Current™ invites growers to learn about never-before-possible methods for smarter farming and faster growth at Cultivate’22—the premier event for the entire green industry. Representing a new era in LED lighting for controlled environment agriculture, Current’s reenergized Arize® brand will showcase all-new ways for growers to increase yields without compromising quality in booth #2421.
Only from Arize
Arize is the definition of world-class LED lighting for dedicated growers who want to operate more sustainably, optimize growth and exercise customized control over their environments. With a mission to empower growers to feed the world, the Arize brand makes it possible to Rise Above ordinary expectations and boost productivity.
At Cultivate’22 attendees can discover the latest Arize solutions for brightening the life of plants, growers and the planet including:
“We combine plant science with lighting innovation to help produce optimal growing conditions that are better for our customers’ specific needs,” said Bruno D'Amico, Global Product Manager for Horticulture Lighting at Current. “We want to inspire growers to achieve their best using the best LED solutions formed from collaboration with industry leaders, researchers and photobiologists.”
More to See
Arize arrives at Cultivate’22 with a new brand look characterized by the same devotion to producing excellence that drives growers to reach their goals. With a refreshed color palette and visual foundation inspired by nature, Arize represents the proliferation of tangible, modular, scalable lighting solutions that bring more profits and peace of mind to growers.
A new logo portraying three ascending points also symbolizes the upward trajectory that an engineered approach, trusted partner, and sustainable, reliable solutions can set a business upon. Cultivate’22 attendees who aspire for a brighter future can meet with Current to take the first step.
Including greenhouse and nursery growers, retailers, distributors, interior and exterior landscapers, florists, educators, researchers and manufacturers, the Cultivate conference hosted by AmericanHort is known to attract thousands of professionals from over 40 countries. Cultivate’22 takes place July 16-19 at the Greater Columbus Convention Center in Columbus, Ohio, as the green industry convenes in person again this year.
“There is no better place to meet the people who are deep-rooted in developing the next wave of lighting innovations,” said D’Amico. “We operate in lockstep with growers to design a light plan that is specific to their facility, because no two operations are the same.”
See all the benefits highly versatile LED horticulture fixtures can yield at gecurrent.com.
About Current
At Current, we are Always On and working to improve lives with the industry’s most expansive portfolio of sustainable advanced lighting and intelligent controls that reliably meet our customers’ needs. Learn more at CurrentLighting.com/about.
For more information:
Jim Benson, Vice President Enterprise Marketing & Communications
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(216) 534-4155
SAN ANTONIO--(BUSINESS WIRE)--NuStar Energy L.P. (NYSE: NS) today announced that it will host a conference call on Thursday, August 4, 2022 at 9:00 a.m. Central Time to discuss the second quarter 2022 earnings results, which will be released earlier that day. Persons interested in Q&A participation may pre-register for the conference call and obtain a dial-in number and passcode at https://register.vevent.com/register/BI551c68c87b4e4d8db8b4cef5569668c5. Persons interested in listen-only participation may access the conference call directly at https://edge.media-server.com/mmc/p/n66bhyhc. A recorded version will be available under the same link two hours after the conclusion of the conference call.
The conference call may also be accessed through the “Investors” section of NuStar Energy L.P.’s website at https://investor.nustarenergy.com.
NuStar Energy L.P., a publicly traded master limited partnership based in San Antonio, Texas, is one of the largest independent liquids terminal and pipeline operators in the nation. NuStar currently has approximately 10,000 miles of pipeline and 63 terminal and storage facilities that store and distribute crude oil, refined products, renewable fuels, ammonia and specialty liquids. The partnership’s combined system has approximately 49 million barrels of storage capacity, and NuStar has operations in the United States and Mexico. For more information, visit NuStar Energy L.P.’s website at www.nustarenergy.com and its Sustainability page at https://sustainability.nustarenergy.com/.
Investors, Pam Schmidt, Vice President, Investor Relations
Investor Relations: 210-918-INVR (4687)
or
Media, Mary Rose Brown, Executive Vice President and Chief Administrative Officer,
Corporate Communications: 210-918-2314 / 210-410-8926
DALLAS--(BUSINESS WIRE)--Aspen Power Partners (“Aspen”), a renewables-focused distributed generation platform with the dual mission of accelerating and democratizing decarbonization, announced today the upsizing of its $25 million senior-secured first-lien development warehouse facility provided by Lombard Odier Asset Management Corp. (USA) on behalf of funds under its management. These funds include the LOIM Sustainable Private Credit Strategy managed by Peter Pulkkinen and Rhys Marsh, which was recently backed by the Environment Agency Pension Fund (UK).
The Aspen team is currently executing on hundreds of megawatts of solar and storage projects across California, Maine, Maryland, Massachusetts, New York and Pennsylvania. “True to our mission, we are working hard to remove obstacles for customers and partners in pursuit of gigawatt-scale zero-carbon impact, and this facility further catalyzes and accelerates our development pipeline. We were aware of Peter and Rhys’ reputation at the Avenue Sustainable Solutions Strategy and selected them at our growth inflection point due to their collaborative approach, market leadership in sustainable investing, and innovative strategy delivering flexible, tailored credit solutions to climate-aligned businesses. Our stakeholder-aligned approach serves consumers of all income levels and helps support everyday American families and small businesses by providing long-term power bill savings,” said Jorge Vargas, Co-Founder at Aspen Power Partners.
Aspen’s community solar, multifamily, and commercial and industrial rooftop projects are providing climate solutions via access to clean distributed energy for consumers and businesses across all income levels and hard-to-reach property types. Aspen’s development and construction activities strengthen communities, help farmers and other landowners preserve their property and livelihoods for future generations, make buildings more sustainable, support more than a thousand local jobs, and create bill savings for tens of thousands of low-and-moderate-income households, local businesses, and other customers.
For more information about Aspen Power Partners, please visit aspenpower.com.
ABOUT ASPEN POWER PARTNERS
Aspen Power Partners (Aspen) is a distributed generation platform with the dual mission of accelerating and democratizing decarbonization. The firm develops and finances community, multifamily, and other distributed solar and storage installations enabling consumers of all income levels to access clean renewable energy. The Aspen team is comprised of seasoned professionals across the development, construction, project finance and asset management industry. Aspen is headquartered in Dallas, TX with locations throughout the U.S. For more information, please visit aspenpower.com.
ABOUT LOMBARD ODIER INVESTMENT MANAGERS
Lombard Odier Investment Managers (LOIM) is the asset management division of Lombard Odier Group, the 226 year-old, independently owned, Swiss private bank and a leader in sustainable investing. In 2019, Lombard Odier received B Corp certification from leading non-profit B Lab, in recognition of its corporate sustainability practices. With more than 180 investment professionals, LOIM is a global business with a network of 13 offices across Europe, Asia and North America. The firm manages over USD 75 billion in equity, fixed income, and alternative assets for institutions and private clients (as of 31 December 2021).
MEDIA
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MIAMI--(BUSINESS WIRE)--World Fuel Services Corporation (NYSE:INT) invites you to participate in a conference call with its management team on Thursday, July 28, 2022 at 5:00PM Eastern Time to discuss the Company’s second quarter results, as well as certain forward-looking information. The Company plans to release its second quarter results after the market closes on the same date.
To listen to the conference call by phone, participants must pre-register at the Company's website at: https://ir.wfscorp.com/events. All registrants will receive dial-in information and a PIN allowing access to the live conference call.
The conference call will also be available via live webcast. The live webcast may be accessed by visiting the Company’s website at https://ir.wfscorp.com/events. An archive of the webcast will be available on the Company’s website two hours after the completion of the live call and will remain available until August 11, 2022.
About World Fuel Services Corporation
Headquartered in Miami, Florida, World Fuel Services is a global energy management company involved in providing supply fulfillment, energy procurement advisory services, and transaction and payment management solutions to commercial and industrial customers, principally in the aviation, marine and land transportation industries. World Fuel Services also offers natural gas and electricity, as well as energy advisory services, including programs for sustainability solutions and renewable energy alternatives. World Fuel Services sells fuel and delivers services to its clients at more than 8,000 locations in more than 200 countries and territories worldwide.
For more information, visit www.wfscorp.com.
Ira M. Birns
Executive Vice President & Chief Financial Officer
or
Glenn Klevitz, Vice President, Treasurer & Investor Relations
(305) 428-8000
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Renewable electricity to play key role in Emerson’s net zero emissions goals
ST. LOUIS--(BUSINESS WIRE)--Emerson (NYSE: EMR), a global leader in technology and software solutions, has joined RE100, a global initiative bringing together businesses committed to 100% renewable electricity. This alignment with other sustainability pioneers in the effort led by Climate Group, in partnership with CDP, is the latest step in Emerson’s plan to source 100% renewable electricity by 2030.
To achieve this 2030 target, Emerson will leverage a broad range of renewable energy sources, including solar, wind, geothermal and hydropower. Due to recent efforts in the renewables procurement space, Emerson anticipates sourcing 25% of its global electricity usage from renewable sources in 2022. The company has also installed on-site renewable electricity generation systems at several facilities worldwide and will expand implementation of these systems going forward.
“Emerson's renewable energy strategy will play an important role in our goal to reach net zero operations by 2030,” said Mike Train, Emerson’s Chief Sustainability Officer. “Our engagement with RE100 enhances Emerson’s ability to drive further investment in renewable electricity and support the overall decarbonization of the grid in the key markets we operate in, such as the U.S., Mexico, Europe, China and India.”
As part of the company’s net zero operations objective, Emerson is targeting 100% renewable electricity coverage from contracted electricity sources and on-site generation assets. Electricity usage drives approximately 75% of Emerson’s Scope 1 and 2 emissions.
“We are delighted to welcome Emerson to RE100,” said Sam Kimmins, Director of Energy at Climate Group. “By committing to 100% renewable electricity by 2030, Emerson joins over 300 of the world’s leading businesses committed to driving market change. This sends a powerful message that renewable electricity makes good business sense, and we encourage others to follow.”
In 2021, Emerson established its Energy Sourcing Committee to increase the company’s use of renewable electricity, collaborating globally to evaluate and implement renewable energy purchases. Emerson also works with third-party energy specialists active in energy markets to identify emerging opportunities.
To learn more about Emerson’s environmental sustainability strategy and see the company’s latest Environmental, Social and Governance Report, please visit Emerson.com/ESG.
About Emerson
Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA), is a global technology and software company providing innovative solutions for customers in industrial, commercial and residential markets. Our Automation Solutions business helps process, hybrid and discrete manufacturers maximize production and protect personnel and the environment while optimizing their energy and operating costs. Our Commercial and Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency and create sustainable infrastructure. For more information, visit Emerson.com.
About RE100
RE100 is a global initiative bringing together the world’s most influential businesses committed to 100% renewable electricity. Led by Climate Group, in partnership with CDP, our mission is to drive change towards 100% renewable grids, both through the direct investments of our members, and by working with policymakers to accelerate the transition to a clean economy. The initiative has over 370 members, ranging from household brands to critical infrastructure and heavy industry suppliers. With a total revenue of over US$6.6 trillion, our members represent 1.5% of global electricity consumption, an annual electricity demand higher than that of the UK.
Media Contact:
Tayler Tchoukaleff
Phone: 440-477-0234
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DUBLIN--(BUSINESS WIRE)--The "Marine Electric Vehicle Market: Global Market Size, Forecast, Insights, and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.
The global marine electric vehicle market is expected to grow at a CAGR of around 10.3% during 2022-2028.
This report on global marine electric vehicle market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global marine electric vehicle market by segmenting the market based on vehicle type, propulsion type, application, and region.
Also, detailed profiles of companies operating in the marine electric vehicle market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.
Competitive Landscape
Market Dynamics
Market Drivers
Market Challenges
Historical & Forecast Period
Key Topics Covered:
1. Preface
1.1 Objective
1.2 Target Audience & Key Offerings
1.3 Report's Scope
1.4 Research Methodology
1.4.1 Phase I
1.4.2 Phase II
1.4.3 Phase III
1.5 Assumptions
2. Key Insights
3. Global Marine Electric Vehicle Market
3.1. Introduction
3.2. Market Drives
3.3. Market Challenges
4. Global Marine Electric Vehicle Market Analysis
4.1. Market Portraiture
4.2. Market Size
4.3. Market Forecast
4.4. Impact of COVID-19
5. Global Marine Electric Vehicle Market by Vehicle Type
5.1. Introduction
5.2. Military Vehicle
5.3. Work Boat
5.4. Leisure and Tourist Surface Boat
5.5. Autonomous Underwater Vehicle
5.6. Others
6. Global Marine Electric Vehicle Market by Propulsion Type
6.1. Introduction
6.2. Battery Electric Vehicle
6.3. Plug-in Hybrid Vehicle
6.4. Hybrid Electric Vehicle
7. Global Marine Electric Vehicle Market by Application
7.1. Introduction
7.2. On-Water Applications
7.3. Underwater Applications
8. Global Marine Electric Vehicle Market by Region
8.1. Introduction
8.2. Europe
8.2.1. Germany
8.2.2. United Kingdom
8.2.3. France
8.2.4. Italy
8.2.5. Spain
8.2.6. Russia
8.2.7. Netherlands
8.2.8. Rest of the Europe
8.3. North America
8.3.1. United States
8.3.2. Canada
8.4. Asia Pacific
8.4.1. China
8.4.2. Japan
8.4.3. India
8.4.4. South Korea
8.4.5. Australia
8.4.6. Indonesia
8.4.7. Rest of the Asia Pacific
8.5. Latin America
8.5.1. Mexico
8.5.2. Brazil
8.5.3. Argentina
8.5.4. Rest of Latin America
8.6. Middle East & Africa
8.6.1. Saudi Arabia
8.6.2. Turkey
8.6.3. Iran
8.6.4. United Arab Emirates
8.6.5. Rest of Middle East & Africa
9. SWOT Analysis
10. Porter's Five Forces
11. Market Value Chain Analysis
12. Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/r/pwjmlc
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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NEW YORK--(BUSINESS WIRE)--Macquarie Asset Management’s Green Investment Group (GIG) and Galehead Development (Galehead) today announced the close of an investment by GIG in Galehead, a leading US-based renewable energy development platform and trusted partner to global utilities, independent power producers and large US corporates for planning, managing and delivering renewable energy projects.
Galehead is differentiated by its proprietary LandCommand® technology and specialized front-end development capabilities. Since 2016 the company has successfully developed and monetized 5 GW of solar PV, wind and co-located storage projects and is actively developing an additional 4 GW through existing joint development arrangements. GIG’s investment will allow Galehead to advance a further 6 GW of early to mid-stage renewable energy projects, enter new markets and explore new commercial applications for its LandCommand® platform. The Galehead partnership and pipeline will contribute towards GIG’s strategy of owning both development and operating-phase renewable energy assets.
“The US renewables market is embarking on a period of enormous growth, driven largely by the core renewable technologies of solar and wind,” said Mark Dooley, Global Head of Green Investment Group. “With its proven track-record and strong pipeline of early- to mid-stage development projects, Galehead is well positioned to be at the forefront of this growth. Our partnership enables us to expand GIG’s footprint in the US and marks the start of an exciting new phase in our work to accelerate the transition to net zero.”
GIG is a specialist green investor within Macquarie Asset Management, and a global leader in the development of companies, assets and technologies that aim to accelerate the global transition to net zero. The asset manager oversees investments in more than 46 GW of capacity, and through GIG and its portfolio companies, is currently developing over 30 GW of renewable energy capacity globally.
“Macquarie Asset Management’s Green Investment Group is an ideal long-term capital partner for Galehead to advance our vision for ‘developing a century of Impact Infrastructure.’ We are proud to continue the long tradition of GIG’s pioneering investments in the energy transition, and we are excited about working together to expand the Galehead platform,” said Galehead CEO Matt Marino.
“We are thrilled to achieve our strategic objectives through the structuring and closing of this investment. GIG’s capital commitment strengthens Galehead’s balance sheet, access to institutional resources and our internal capabilities for delivering transformative clean energy projects to our downstream partners,” added Galehead COO Patrick Martin.
Already an established market for renewable energy with 37 GW installed during 2021, we believe the US is set for further strong growth over the course of this decade. It is estimated that the US will account for a significant portion of the global renewable energy growth expected between now and 2030.1
About Macquarie Asset Management
Macquarie Asset Management is a global asset manager that aims to deliver positive impact for everyone. Trusted by institutions, pension funds, governments, and individuals to manage more than $A735.5 billion/EUR459.0/GBP394.6/USD531.7 in assets globally, Macquarie Asset Management provides access to specialist investment expertise across a range of capabilities including fixed income, equities, multi-asset solutions, private credit, infrastructure, renewables, natural assets, real estate, and asset finance.
Macquarie Asset Management is part of Macquarie Group, a diversified financial group providing clients with asset management, finance, banking, advisory and risk and capital solutions across debt, equity, and commodities. Founded in 1969, Macquarie Group employs approximately 17,209 people in 33 markets and is listed on the Australian Securities Exchange.
About Green Investment Group
Green Investment Group (GIG) is a specialist green investor within Macquarie Asset Management, and a global leader in the development of companies, assets and technologies that aim to accelerate the global transition to net zero. Initially launched by the UK Government in 2012 as the Green Investment Bank, it was the first institution of its type in the world. Acquired by Macquarie in 2017, GIG has grown to become one of the world’s largest green investors with a development pipeline of more than 30 GW in over 25 markets, spanning established renewables and emerging green technologies.
All figures as at 31 March 2022.
For more information, visit greeninvestmentgroup.com and macquarie.com
About Galehead:
Galehead Development is a leading upstream development services and technology platform for the identification and development of transformative clean energy resources. Since 2016, Galehead has employed its proprietary LandCommand® technology to form strong partnerships with downstream partners to jointly develop solar PV, wind and co-located storage projects. Headquartered in Boston, MA, Galehead manages development operations throughout the US with a mission to accelerate the North American energy transition.
Other than Macquarie Bank Limited ABN 46 008 583 542 (“Macquarie Bank”), any Macquarie Group entity noted in this document is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). The obligations of these other Macquarie Group entities do not represent deposits or other liabilities of Macquarie Bank. Macquarie Bank does not guarantee or otherwise provide assurance in respect of the obligations of these other Macquarie Group entities. In addition, if this document relates to an investment, (a) the investor is subject to investment risk including possible delays in repayment and loss of income and principal invested and (b) none of Macquarie Bank or any other Macquarie Group entity guarantees any particular rate of return on or the performance of the investment, nor do they guarantee repayment of capital in respect of the investment.
1 BloombergNEF, 2022
Media enquiries
For Macquarie
Sarah Stein, Macquarie Group Media Relations
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For Galehead Development
Patrick Martin, COO
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PORTLAND, Ore.--(BUSINESS WIRE)--Northwest Natural Holding Company (NYSE: NWN) (NW Natural Holdings) announced today it will issue its second quarter and year-to-date 2022 earnings release and conduct an analyst conference call and webcast to review results at 8 a.m. Pacific Time (11 a.m. Eastern Time) on Thursday, Aug. 4, 2022.
To hear the conference by webcast, log on to NW Natural Holdings’ corporate website at ir.nwnaturalholdings.com. To hear the conference call by phone, please dial 1-844-200-6205 within the United States and enter the conference access code 452188. To join the call from Canada please dial 1-833-950-0062 and international callers can dial 1-929-526-1599 and access code 452188.
To access the conference replay, please call 1-866-813-9403 within the United States and enter the conference identification access code 931705. To hear the replay from Canada, please dial 1-226-828-7578 and from all other locations, please dial +44-204-525-0658.
About NW Natural Holdings
Northwest Natural Holding Company, (NYSE: NWN) (NW Natural Holdings), is headquartered in Portland, Oregon and has been doing business for more than 160 years. It owns Northwest Natural Gas Company (NW Natural), NW Natural Water Company (NW Natural Water), NW Natural Renewables Holdings (NW Natural Renewables), and other business interests.
NW Natural is a local distribution company that currently provides natural gas service to approximately 2.5 million people in more than 140 communities through more than 785,000 meters in Oregon and Southwest Washington with one of the most modern pipeline systems in the nation. NW Natural consistently leads the industry with high J.D. Power & Associates customer satisfaction scores. NW Natural owns and operates 21 Bcf of underground gas storage capacity in Oregon.
NW Natural Water currently provides water distribution and wastewater services to communities throughout the Pacific Northwest and Texas. When all pending acquisitions close, NW Natural Water will serve nearly 150,000 people through approximately 61,000 connections across five states. Learn more about our water business at nwnaturalwater.com.
Additional information is available at nwnaturalholdings.com.
Investor Contact:
Nikki Sparley
Phone: 503-721-2530
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Media Contact:
David Roy
Phone: 503-610-7157
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DUBLIN--(BUSINESS WIRE)--The "Gas Engines Market Share, Size, Trends, Industry Analysis Report, By Fuel Type, By Power Output, By Application, By End-User, By Region, Segment Forecast, 2022 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global gas engines market size is expected to reach USD 6.80 billion by 2030. The report gives a detailed insight into current market dynamics and provides analysis on future market growth.
Companies Mentioned
Ongoing development of power generation technology is driving the market growth during the forecast period. In recent years, power consumption has risen dramatically in developing countries. Power consumption has increased due to the economy's strong growth, thriving manufacturing sector, and growing population.
Furthermore, there is a higher need for energy consumption due to the rise of emerging countries and increases in living standards. For example, the US Energy Information Administration (EIA) predicted that global power consumption would increase by over 50% by 2050.
As the demand for electricity rises, various countries worldwide increase their power-producing capacity by expanding existing facilities or constructing new ones. For instance, in November 2021, Wartsila has agreed to supply two major multi-fuel power plants with a combined capacity of 600 MW to Mexico's public-owned state electricity unit, "Comision Federal de Electricidad (CFE)." Companies are quickly inclining towards renewable energy sources for electricity generation due to harsh government rules regulating carbon emissions. They choose gas-powered engines that run on natural gas as a fuel source.
Based on the fuel type, the natural market segment accounted for the leading share in the market. Natural gas is commonly utilized in engines to generate power since that burns cleaner and emits less carbon than other fuels. It also produces minor levels of nitrogen oxides, sulfur dioxide, and nanoparticles. Industrial and commercial electricity production are two of the most common uses for natural gas engine. Natural gas capsules are available from many distribution providers in rural locations when gas delivery networks do not exist.
The publisher has segmented the gas engines market report based on fuel type, power type, application, end-use industry, and region:
Gas Engines, Fuel Type Outlook (Revenue - USD Billion, 2018 - 2030)
Gas Engines, Power Output Outlook (Revenue - USD Billion, 2018 - 2030)
Gas Engines, Application Outlook (Revenue - USD Billion, 2018 - 2030)
Gas Engines, End-Use Outlook (Revenue - USD Billion, 2018 - 2030)
Gas Engines, Regional Outlook (Revenue - USD Billion, 2018 - 2030)
For more information about this report visit https://www.researchandmarkets.com/r/nlrql6.
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LONDON & NEW YORK--(BUSINESS WIRE)--$EVTL--Vertical Aerospace (Vertical) [NYSE: EVTL], a global aerospace and technology company that is pioneering zero-emissions aviation, today announces that it has confirmed delivery slots and the commitment of associated pre-delivery payments with American Airlines (NASDAQ: AAL).
American has reserved delivery slots for the first 50 VX4 aircraft of its initial conditional pre-order of up to 250 aircraft, with an option for an additional 100, announced in June 2021. The parties will build upon their existing joint working group to collaborate on a framework to explore the future of advanced air mobility and prepare for the VX4’s entry into service.
The commitment to pay pre-delivery payments and confirmation of slot reservations for the first 50 aircraft is believed to be the first of its kind for a major airline in the eVTOL industry, and it marks a significant milestone in the partnership between American and Vertical.
Today’s announcement follows the recent news of a further 50 conditional pre-orders of the VX4 from FLYINGGROUP, establishing Molicel as its battery partner, and agreeing to concurrent certification with the European Union’s Aviation Safety Agency (EASA) and the UK’s Civil Aviation Authority (CAA).
Stephen Fitzpatrick, Founder & CEO of Vertical said “We are delighted to have reached this major milestone with American Airlines on our eVTOL partnership. Together, we are making zero-emissions flight a reality for passengers travelling all over the world. We look forward to continuing our work with American and seeing the first red, white and blue VX4 come off the production line.”
“Our partnership with Vertical is a great example of progress in our commitment to reducing carbon emissions throughout our airline and the industry,” said American’s Chief Financial Officer Derek Kerr. “We have made great strides in simplifying our fleet with newer and more fuel-efficient aircraft, and are proud to take part in another step toward the development of advanced air mobility.”
About Vertical Aerospace
Vertical Aerospace is pioneering electric aviation. The company was founded in 2016 by Stephen Fitzpatrick, an established entrepreneur best known as the founder of the OVO Group, a leading energy and technology group and Europe’s largest independent energy retailer. Over the past five years, Vertical has focused on building the most experienced and senior team in the eVTOL industry, who have over 1,700 combined years of engineering experience, and have certified and supported over 30 different civil and military aircraft and propulsion systems.
Vertical’s top-tier partner ecosystem is expected to de-risk operational execution and its pathway to certification allows for a lean cost structure and enables production at scale. Vertical has a market-leading pre-order book by value for a total of up to 1,400 aircraft from global customers creating multiple potential near term and actionable routes to market. Customers include American Airlines, Virgin Atlantic, Avolon, Bristow, Marubeni, Iberojet and FLYINGGROUP, as well as Japan Airlines (JAL), Gol, Air Greenland, Gozen Holding and AirAsia, through Avolon’s VX4 placements.
Vertical’s ordinary shares and warrants commenced trading on the NYSE in December 2021 under the tickers “EVTL” and “EVTLW,” respectively.
About the VX4 eVTOL Aircraft
The VX4 is projected to be capable of transporting a pilot and up to four passengers, traveling distances of over 100 miles, and achieving top speeds of over 200 miles per hour, while producing minimal noise and zero operating emissions. The VX4 is expected to open up advanced air mobility to a whole new range of passengers and transform how we travel. Find out more: vertical-aerospace.com
Vertical Media Kit
Available here
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any express or implied statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding the certification and the commercialization of the VX4 and related timelines, the differential strategy compared to its peer group, and the transition towards a net-zero emissions economy, expected financial performance and operational performance for the fiscal year ending December 31, 2022, as well as statements that include the words “expect,” “intend,” “plan,” “believe,” “project,” “forecast,” “estimate,” “may,” “should,” “anticipate,” “will,” “aim,” “potential,” “continue,” “are likely to” and similar statements of a future or forward-looking nature. Forward-looking statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation: Vertical’s limited operating history without manufactured non-prototype aircraft or completed eVTOL aircraft customer order; Vertical’s history of losses and the expectation to incur significant expenses and continuing losses for the foreseeable future; the market for eVTOL aircraft being in a relatively early stage; the potential inability of Vertical to produce or launch aircraft in the volumes and on timelines projected; the potential inability of Vertical to obtain the necessary certifications on the timelines projected; any accidents or incidents involving eVTOL aircraft could harm Vertical’s business; Vertical’s dependence on partners and suppliers for the components in its aircraft and for operational needs; the potential that certain of Vertical’s strategic partnerships may not materialize into long-term partnership arrangements; pre-orders Vertical has received for its aircraft are conditional and may be terminated at any time in writing prior to certain specified dates; any potential failure by Vertical to effectively manage its growth; the impact of COVID-19 on Vertical’s business; Vertical has identified material weaknesses in its internal controls over financial reporting and may be unable to remediate the material weaknesses; Vertical’s dependence on our senior management team and other highly skilled personnel; as a foreign private issuer Vertical follows certain home country corporate governance rules, is not subject to U.S. proxy rules and is subject to Exchange Act reporting obligations that, to some extent, are more lenient and less frequent than those of a U.S. domestic public company; and the other important factors discussed under the caption “Risk Factors” in our Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (“SEC”) on April 29, 2022, as such factors may be updated from time to time in Vertical’s other filings with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. Vertical disclaims any obligation or undertaking to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.
For more information:
Vertical Media
Samuel Emden
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+44 7816 459 904
Vertical Investors
Eduardo Royes
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+1 (646) 200-8871
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