PITTSBURGH--(BUSINESS WIRE)--PPG (NYSE:PPG) today announced a 1.5 megawatt (MW) agreement with Constellation (NASDAQ: CEG) that will help PPG purchase clean, renewable energy equivalent to the annual electricity use of its Adrian, Mich., automotive adhesives and sealants manufacturing facility beginning in 2024.
Through a 12-year agreement, PPG will receive energy and project-specific renewable energy certificates (RECs) from Swift Current Energy’s Double Black Diamond Solar Energy Project. This deal is made possible by a long-term agreement between Constellation and the project developer and long-term owner, Swift Current Energy, under which Constellation will purchase a portion of the energy and RECs generated by Double Black Diamond. Construction of the solar project is expected to start by the end of 2022.
PPG’s Adrian facility manufactures adhesives and sealants for automotive original equipment manufacturers (OEM) and has more than 65 employees. The facility will procure approximately 3,500 megawatt hours of energy per year from the Double Black Diamond solar project, which is expected to help PPG reduce its carbon footprint by more than 2,400 metric tons annually. This is the equivalent emissions of more than 530 gasoline-powered passenger vehicles driven for one year, according to EPA greenhouse gas equivalencies.
“We recognize the pivotal moment we are facing for climate change and how much work there is to be done to reduce our collective carbon impact,” said Diane Kappas, PPG vice president, Global Sustainability. “Our collaboration with Constellation and Swift Current Energy will allow us to continue making progress against our near-term decarbonization goals and enable us to operate our Adrian facility in a more energy efficient manner. We look forward to identifying additional renewable energy opportunities globally to meet our greenhouse gas emission reduction targets.”
“Constellation is proud to complete its second offsite renewable agreement with PPG in as many years, and we commend PPG on taking proactive steps to reduce its carbon footprint,” said Jim McHugh, chief commercial officer, Constellation. “As our customers’ carbon free energy needs evolve, we are committed to providing them with what they need now and into the future. That is why our suite of sustainable power options will soon include an hourly carbon-free solution, to help our customers reach their zero emissions goals 24 hours a day, 7 days a week and 365 days a year.”
PPG recently announced the startup of a high-efficiency power-generation facility at its Automotive OEM manufacturing site in Quattordio, Italy. The company also made a commitment to the Science Based Target initiative (SBTi) to create new reduction targets for greenhouse gas emissions that define a pathway to reduce the impacts of climate change.
About Constellation
Constellation Energy Corporation (Nasdaq: CEG) is the nation’s largest producer of clean, carbon-free energy and a leading supplier of energy products and services to millions of homes, institutional customers, the public sector, community aggregations and businesses, including three fourths of Fortune 100 companies. A Fortune 200 company headquartered in Baltimore, our fleet of nuclear, hydro, wind and solar facilities has the generating capacity to power approximately 20 million homes, providing 10 percent of all carbon-free energy on the grid in the U.S. Our fleet is helping to accelerate the nation’s transition to clean energy with more than 32,400 megawatts of capacity and annual output that is nearly 90 percent carbon-free. We have set a goal to achieve 100 percent carbon-free power generation by 2040 by leveraging innovative technology and enhancing our diverse mix of hydro, wind and solar resources paired with the nation’s largest nuclear fleet. Follow Constellation on Twitter @ConstellationEG.
About Swift Current Energy
Swift Current Energy is investing in renewable energy to create a sustainable future. The company develops, constructs, owns and operates highly competitive, utility-scale wind, solar and energy storage projects across the United States. Founded in 2016, Swift Current Energy is an independent power producer backed by Nala Renewables, a power and renewable energy investment and development joint-venture between IFM Investors and Trafigura, Buckeye Partners and Swift Current Energy’s management team through its holding company Lookout Ridge Energy Partners. For more information, please visit swiftcurrentenergy.com.
PPG: WE PROTECT AND BEAUTIFY THE WORLD®
At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and specialty materials that our customers have trusted for nearly 140 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 75 countries and reported net sales of $16.8 billion in 2021. We serve customers in construction, consumer products, industrial, and transportation markets and aftermarkets. To learn more, visit www.ppg.com.
The PPG Logo and We protect and beautify the world are registered trademarks of PPG Industries Ohio, Inc.
CATEGORY Sustainability
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DUBLIN--(BUSINESS WIRE)--The "Compressed Natural Gas Market By Source, By End User: Global Opportunity Analysis and Industry Forecast, 2020-2030" report has been added to ResearchAndMarkets.com's offering.
The global compressed natural gas market was valued at $9.9 billion in 2020, and is projected to reach $22.3 billion by 2030, growing at a CAGR of 8.2% from 2021 to 2030.
The compressed natural gas (CNG) is used widely in heavy duty transportation vehicles, owing to its properties, including low-cost and eco-friendly nature. Many nations across the globe started using CNG in power production, owing to rise in environmental concerns, including climatic changes and depleting ozone layer. CNG provides effective way for transportation of shorter distance. It is widely used as an alternative for gasoline, diesel, and propane.
Rise in demand for CNG as vehicle fuel across the globe is a key factor driving the growth of the global CNG market during the forecast period. In addition, rise in awareness toward environmental pollution and increase in stringent government regulations toward pollution drive the growth of the global CNG market from 2021 to 2030.
However, high cost associated with initial investment, storage infrastructure & tanks, and installation hamper the growth of the market. Conversely, technological advancements in CNG storage technologies and rapid investment toward building CNG infrastructure are expected to create potential growth opportunity for key players operating in this market.
The global CNG market is segmented on the basis of source, end user, and region. Depending on source, it is categorized into associated gas, non-associated gas, and unconventional sources. According to end user, it is classified into light duty vehicles, medium/heavy duty buses, medium/heavy duty trucks, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits For Stakeholders
Key Market Players
Key Market Segments
By Source
By End User
By Region
For more information about this report visit https://www.researchandmarkets.com/r/7hdyll
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HOUSTON--(BUSINESS WIRE)--Cheniere Energy, Inc. (“Cheniere” or the “Company”) (NYSE American: LNG) and Cheniere Energy Partners, L.P. (“Cheniere Partners”) (NYSE American: CQP) announced today the promotion of Corey Grindal to Executive Vice President and Chief Operating Officer, effective January 2, 2023. As Executive Vice President and Chief Operating Officer, Grindal will lead the Operations, Engineering and Construction, Shared Services and Worldwide Trading organizations within Cheniere. In his new role, he will continue to report to Jack Fusco, President and Chief Executive Officer. Grindal will also serve as Executive Vice President and Chief Operating Officer at Cheniere Partners.
Grindal will relocate back to Houston from London, where he has served as Executive Vice President, Worldwide Trading since 2020. Grindal joined Cheniere in 2013 and led the Gas Supply organization for the Company, which today is one of the largest holders of pipeline capacity and purchasers of natural gas in the United States.
“Establishing a Chief Operating Officer is another important milestone as we continually enhance our operations through improved coordination, communication, and alignment,” said Jack Fusco, Cheniere’s President and Chief Executive Officer. “Corey’s contributions have played a significant part in Cheniere’s success, most recently as EVP of Worldwide Trading, and previously SVP of Gas Supply. His experience, dedication and demonstrated commitment to Cheniere’s core values ideally position Corey for continued success as Cheniere’s Chief Operating Officer.”
“I’m excited to apply my experience from across Cheniere to make us more efficient, effective, and better coordinated across the platform,” said Corey Grindal, Cheniere’s incoming Executive Vice President and Chief Operating Officer. “It is a critical time for the company, with our operations and LNG production in focus across global energy markets, and I look forward to helping reinforce Cheniere’s reputation as the leading supplier of flexible and reliable LNG in the world.”
About Cheniere
Cheniere Energy, Inc. is the leading producer and exporter of liquefied natural gas (LNG) in the United States, reliably providing a clean, secure, and affordable solution to the growing global need for natural gas. Cheniere is a full-service LNG provider, with capabilities that include gas procurement and transportation, liquefaction, vessel chartering, and LNG delivery. Cheniere has one of the largest liquefaction platforms in the world, consisting of the Sabine Pass and Corpus Christi liquefaction facilities on the U.S. Gulf Coast, with total production capacity of approximately 45 million tonnes per annum of LNG in operation and an additional 10+ mtpa of expected production capacity under construction. Cheniere is also pursuing liquefaction expansion opportunities and other projects along the LNG value chain. Cheniere is headquartered in Houston, Texas, and has additional offices in London, Singapore, Beijing, Tokyo, and Washington, D.C.
For additional information, please refer to the Cheniere website at www.cheniere.com and Quarterly Report on Form 10-Q for the quarter ended June 30, 2022, filed with the Securities and Exchange Commission.
About Cheniere Partners
Cheniere Partners owns the Sabine Pass LNG terminal located in Cameron Parish, Louisiana, which has natural gas liquefaction facilities consisting of six operational liquefaction Trains with a total production capacity of approximately 30 mtpa of LNG. The Sabine Pass LNG terminal also has operational regasification facilities that include five LNG storage tanks, vaporizers, and two marine berths with a third marine berth in commissioning. Cheniere Partners also owns the Creole Trail Pipeline, which interconnects the Sabine Pass LNG terminal with a number of large interstate pipelines. Cheniere Partners has contracted with Cheniere for certain management services.
For additional information, please refer to the Cheniere website at www.cheniere.com and Quarterly Report on Form 10-Q for the quarter ended June 30, 2022, filed with the Securities and Exchange Commission.
Forward-Looking Statements
This press release contains certain statements that may include “forward-looking statements” within the meanings of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical or present facts or conditions, included herein are “forward-looking statements.” Included among “forward-looking statements” are, among other things, (i) statements regarding Cheniere’s financial and operational guidance, business strategy, plans and objectives, including the development, construction and operation of liquefaction facilities, (ii) statements regarding regulatory authorizations and approval expectations, (iii) statements expressing beliefs and expectations regarding the development of Cheniere’s LNG terminal and pipeline businesses, including liquefaction facilities, (iv) statements regarding the business operations and prospects of third parties, (v) statements regarding potential financing arrangements, (vi) statements regarding future discussions and entry into contracts, and (vii) statements relating to Cheniere’s capital deployment, including intent, ability, extent, and timing of capital expenditures, debt repayment, dividends, share repurchases and execution on the capital allocation plan. Although Cheniere believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere’s periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere does not assume a duty to update these forward-looking statements.
Cheniere Energy, Inc.
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NEW YORK & LONDON--(BUSINESS WIRE)--Sustainable Fitch has launched its ESG Ratings product for investors. ESG Ratings, Data & Analysis offers granular and transparent ESG ratings and sub-scores at an entity, framework and instrument level. ESG ratings are provided on an absolute and fully cross-comparable rating scale, with qualitative commentary from ESG analysts, produced via robust processes that ensure the independence of our ratings.
The granular and modular nature of Sustainable Fitch’s dataset allows investors to distinguish between ESG impact, outcome and performance at a detailed individual factor level. Sustainable Fitch’s “ESG Ratings, Data & Analysis” offers the capability to compare individual characteristics of entities and debt issuance between entities within a sector, across different sectors and across asset classes.
ESG Ratings are on an absolute scale, comparable across sectors and geographies, and are monitored for both positive performance and controversial incidences.
Sustainable Fitch has launched coverage for investors with an initial dataset of in excess of half a trillion dollars of labelled and KPI-linked instruments issued by North American, UK and European corporates, and financial institutions. “ESG Ratings, Data & Analysis” will be available via data feed, API, Excel Add-In and web application. Sustainable Fitch aims to achieve full coverage of labelled bonds by early 2023, including structured finance, public finance, agency and sovereign debt issuances.
Andrew Steel, Managing Director, Sustainable Fitch, says:
“Investor demand for more detail and clarity in ESG continues to grow. We are pleased to offer transparent, cross-comparable ESG Ratings for entities, debt instruments and frameworks. Building on our track-record of best-in-class ESG data and analysis, Sustainable Fitch’s ESG Ratings allow investors to both evaluate and distinguish ESG impact, outcome and performance at a detailed individual factor level.”
Sustainable Fitch recently launched ESG Scores for Leveraged Finance, which provides the CLO investment community with granular assessment of environmental, social and governance factors for leveraged finance entities and labelled issuance.
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ESG Ratings are not an indication of the financial materiality of ESG to an entity’s or instrument’s credit profile.
Fitch Group is a global leader in financial information services with operations in more than 30 countries. Fitch Group is comprised of: Fitch Ratings, a global leader in credit ratings and research, and Fitch Solutions, a leading provider of data, research and analytics. With dual headquarters in London and New York, Fitch Group is owned by Hearst.
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Energy efficacy, spectra key for producing high-throughput plant phenotyping data from growth rooms to field
AUSTIN, Texas & ROTTERDAM, Netherlands--(BUSINESS WIRE)--Fluence, a leading global provider of energy-efficient LED lighting solutions for commercial cannabis and food production, has been selected by Wageningen University & Research (WUR) as the LED technology partner for its new Netherlands Plant Eco-phenotyping Centre (NPEC). In NPEC’s state-of-the-art phenotyping greenhouse, VYPR DUO 3x2 fixtures are used to support research on genotype-phenotype associations.
The official opening of NPEC will take place preceding the weeklong International Plant Phenotyping Symposium 2022 (IPPS 2022), held from Sept. 26 to Sept. 30 in Wageningen, Netherlands. Fluence, a Gold Sponsor of IPPS 2022, will attend the conference and opening of NPEC in Wageningen.
NPEC consists of six modules across two university campuses, each offering dedicated phenotyping platforms with its own measurement systems. A specialized greenhouse at the WUR campus houses five climate-controlled compartments outfitted with Fluence’s VYPR DUO 3x2 fixtures. The compartments’ 3D and hyperspectral imaging, conveyor systems and various sensors produce high-precision measurements—including plant size, color and leaf positioning—that can be examined to understand the genetic response of plants to varied conditions and treatments, such as heat, drought or increased soil salinification.
“Using highly customizable technologies that generate high-quality plant performance data on how environmental parameters affect the plant phenotype was a key requirement when selecting our equipment partners,” said Rick van de Zedde, senior scientist and project manager for NPEC. “Having worked with Fluence for the lighting in our Serre Red high-tech quarantine greenhouse, we knew PhysioSpec™️ BROAD R4 white spectrum fixtures could help establish a near-ideal research environment in the NPEC greenhouse.”
In addition to Fluence’s VYPR top lights, which feature PhysioSpec™️ BROAD R4 white spectrum, NPEC researchers will use the Maxi-MARVIN imaging cabinet to assist in research, a high-throughput 3D modeling system developed by WUR that can reconstruct a plant’s architecture within milliseconds. Other high-tech research tools at WUR include a dark and light adaptation chamber and imaging systems capability to analyze the photosynthetic efficiency of plants.
“Establishing research on genotype-phenotype associations, specifically how ecological and environmental variables impact the plant phenotype, is essential for the development of novel, climate-proof crops,” explained van de Zedde. “Automated phenotyping will also allow for a dramatic increase in the speed of plant breeding and time to market for novel crop varieties.”
“We are honored to partner with WUR to advance the future of high-quality food production and sustainability in cultivation,” said Theo Tekstra, Fluence’s technical director for Europe, the Middle East and Africa and team lead for the WUR project. “Our PhysioSpec™️ BROAD R4 white spectrum came closest to what the WUR scientific team defined as an ideal spectrum to do year-round research on a wide range of plant species.”
Fluence's continuing partnership with WUR also includes LED fixtures in a specialized greenhouse for insect research and phenotyping climate rooms at Wageningen. Read more about Fluence’s collaborations with WUR here.
For more information on Fluence, visit www.fluence.science.
About Fluence
Fluence Bioengineering, Inc. (Fluence) creates powerful and energy-efficient LED lighting solutions for commercial crop production and research applications. Fluence is a leading LED lighting supplier in the global cannabis market and is committed to enabling more efficient crop production with the world’s top vertical farms and greenhouse produce growers. Fluence global headquarters are in Austin, Texas, with its EMEA headquarters in Rotterdam, Netherlands. Fluence operates as a business unit within Signify’s Digital Solutions division. For more information about Fluence, visit www.fluence.science.
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WEST HOLLYWOOD, Calif.--(BUSINESS WIRE)--Nostromo Energy (TASE: NOST), a provider of breakthrough energy storage technology for commercial and industrial buildings, today announced that Doug Poffinbarger has joined the company as Director of West Coast Commercial Operations. In his role, Poffinbarger will lead Nostromo’s regional sales, from initiation to delivery. Poffinbarger has decades of experience in building performance, energy and sustainability. Before joining Nostromo, Poffinbarger was CEO of 3fficient, a green building and clean energy company in San Diego. He has also held leadership roles at NRG Energy, PE Consulting, and Honeywell International.
“Doug brings a combination of strong leadership, commercial building experience, and a passion for making the energy transition efficient, clean and affordable,” said Yoram Ashery, CEO of Nostromo Energy. “I’m confident that with Doug leading our West Coast commercial operations Nostromo will accomplish our mission of decarbonizing commercial and industrial buildings by transforming cooling systems into clean and cost effective energy storage assets.”
“I’m excited to join Nostromo and help deploy their modular, non-flammable ice-based energy storage solutions. Demand for energy storage to reduce emissions and save on energy costs is growing quickly and Nostromo is well positioned to grow with this market,” said Doug Poffinbarger.
About Nostromo
Nostromo Energy accelerates the renewable energy revolution with its clean, safe, sustainable Megawatt-scale behind-the-meter energy storage technology. Nostromo’s IceBrick™ energy storage solution enables commercial and industrial buildings to save on energy costs, reduce their carbon emissions and stop climate change by helping turn the power grid carbon free.
To find out more, visit us at https://www.nostromo.energy
Nostromo Energy
Myriam Ben Nun
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Antenna Group
Mackenzie Martin
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DUBLIN--(BUSINESS WIRE)--The "Autonomous Ships Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 to 2030" report has been added to ResearchAndMarkets.com's offering.
The report offers strategic insights into the global autonomous ships market along with the market size and estimates for the duration of 2020 to 2030. The said research study covers an in-depth analysis of multiple market segments based on type, application, and cross-sectional study across different geographies and sub-geographies.
Companies Mentioned
The study covers the comparative analysis of different segments for the years 2019 - 2028. The report also provides a prolific view on market dynamics such as market drivers, restraints, and opportunities.
The concept of autonomous cargo ships has been into existence since decades. The concept has gained momentum with the advent of advanced sensor technology enabling the development of driverless cars and unmanned aircraft. Autonomous ships are unmanned vessels that are operated remotely from control stations onshore.
This virtually eliminates the need for any human personnel onboard. Autonomous ships are based on three basic components viz. sensor combination, control algorithm and communication. Sensor combination includes fusing different types of radars, thermal imaging sensors, LiDAR, visual cameras and several other sensors. The data gathered from all of the aforementioned devices is used to gain an accurate perspective of the surrounding conditions. Control algorithm is designed to analyze the data gathered from sensor network for navigation and collision avoidance. The communication module is responsible for connectivity with satellite and control station.
The overall autonomous "ships market" is expected to be driven by the enhanced operation offered by these vessels over conventional manual vessels. Autonomous ships are believed to be capable of reducing operating costs by nearly 20%. In addition, autonomous ships eliminate the possibility of human errors, thereby reducing the number of accidents.
Furthermore, market growth is also expected from the rising military budgets over unmanned systems. Rising technological advancement is estimated to provide substantial boost to the adoption of autonomous ships across the defense sector. Nevertheless, lack of regulatory framework and the threat of cyber-attacks pose a significant challenges to the market growth.
Key questions answered in this report
Key Topics Covered:
1. Preface
2. Executive Summary
3. Autonomous Ships Market: Business Outlook & Market Dynamics
3.1. Introduction
3.2. Global Autonomous Ships Market Value, 2020 - 2030, (US$ Billion)
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Restraints
3.3.3. Key Challenges
3.3.4. Key Opportunities
3.4. Impact Analysis of Drivers and Restraints
3.5. See-Saw Analysis
3.6. Porter's Five Force Model
3.6.1. Supplier Power
3.6.2. Buyer Power
3.6.3. Threat Of Substitutes
3.6.4. Threat Of New Entrants
3.6.5. Competitive Rivalry
3.7. PESTEL Analysis
3.7.1. Political Landscape
3.7.2. Economic Landscape
3.7.3. Technology Landscape
3.7.4. Legal Landscape
3.7.5. Social Landscape
3.8. Heptalysis Analysis
3.9. Critical Investigation of Business Problems Through Five Whys Root Cause Analysis & Relevant Solutions
4. Autonomous Ships Market: By Autonomy, 2020-2030, USD (Billion)
5. Autonomous Ships Market: By Solution, 2020-2030, USD (Billion)
6. Autonomous Ships Market: By Ship Type, 2020-2030, USD (Billion)
7. Autonomous Ships Market: By Propulsion, 2020-2030, USD (Billion)
8. Autonomous Ships Market: By End User, 2020-2030, USD (Billion)
9. North America Autonomous Ships Market, 2020-2030, USD (Billion)
10. UK and European Union Autonomous Ships Market, 2020-2030, USD (Billion)
11. Asia Pacific Autonomous Ships Market, 2020-2030, USD (Billion)
12. Latin America Autonomous Ships Market, 2020-2030, USD (Billion)
13. Middle East and Africa Autonomous Ships Market, 2020-2030, USD (Billion)
14. Company Profile
For more information about this report visit https://www.researchandmarkets.com/r/4lay60
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The facility will increase its Silicon Carbide (SiC) wafer production capacity by 16 times over the next two years to address the sharply increasing demand for microchips
ROZNOV, Czech Republic--(BUSINESS WIRE)--onsemi (Nasdaq: ON), a leader in intelligent power and sensing technologies, today celebrated the inauguration of its expanded silicon carbide (SiC) fab in Roznov, Czech Republic. Multiple guests of honor attended the ribbon cutting ceremony led by Ministry of Industry and Trade Section Chief Zbyněk Pokorný, Governor of the Zlín Region Radim Holiš and City Mayor Jiří Pavlica as well as other local governmental dignitaries, signifying the importance of this event and manufacturing of semiconductors in the Czech Republic.
Starting in 2019, onsemi added SiC polished wafer and SiC epitaxy (EPI) wafer production to its existing silicon polished and epitaxy wafer and die manufacturing in Roznov. Having outgrown the original site, reconstruction of a new building began last year to further expand wafer and SiC EPI manufacturing. Over the next two years, this expansion will increase the site’s SiC production capabilities by 16 times and create 200 jobs by the end of 2024. So far onsemi has invested more than $150 million in the Roznov site and plans to spend an additional $300 million through 2023. onsemi was recently awarded the Association for Foreign Investments (AFI) Prize for Significant Contribution in the Field of Investment for its SiC investments in the Czech Republic.
“Together with our SiC boule production expansion in Hudson, NH, these increased SiC manufacturing capabilities enable onsemi to provide customers the critical supply assurance to meet the rapidly growing demand for SiC-based solutions,” said Simon Keeton, executive vice president and general manager Power Solutions Group at onsemi. “Full control over our SiC manufacturing supply chain and the market-leading efficiency of our products underscore onsemi’s progress toward SiC leadership.”
SiC is critical for enabling efficiency in electric vehicles (EVs), EV charging, and energy infrastructure and is an important contributor on the path to decarbonization.
About onsemi
onsemi (Nasdaq: ON) is driving disruptive innovations to help build a better future. With a focus on automotive and industrial end-markets, the company is accelerating change in megatrends such as vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure. onsemi offers a highly differentiated and innovative product portfolio, delivering intelligent power and sensing technologies that solve the world’s most complex challenges and leads the way to creating a safer, cleaner, and smarter world. onsemi is recognized as a Fortune 500® company and included in the S&P 500® index. Learn more about onsemi at www.onsemi.com.
onsemi and the onsemi logo are trademarks of Semiconductor Components Industries, LLC. All other brand and product names appearing in this document are registered trademarks or trademarks of their respective holders.
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NORTH CHARLESTON, S.C.--(BUSINESS WIRE)--Ingevity Corporation (NYSE:NGVT) today announced that it has received the gold rating for sustainability by EcoVadis, an independent organization that provides evidence-based sustainability assessments for companies within global supply chains, placing Ingevity in the top 3% of respondents in the specialty chemicals sector and affirming the company’s commitment to its purpose to purify, protect and enhance the world.
Ingevity’s advancement from its 2021 silver rating to gold status in 2022 moved the company to the 97th percentile. Additions to the company’s sustainability initiatives in 2022 included the release of the company’s first energy policy, the launch of the Zhuhai, China, location’s solar panel system to increase the company’s use of renewable energy, the creation of employee resource groups (ERGs) to advance diversity, equity and inclusion priorities and the 2022 endorsement of sustainable corporate practices by the United Nations Global Compact.
“Ingevity’s achievement of the gold EcoVadis rating this year marks a milestone for our company because it builds on our legacy of manufacturing specialty chemistries that impart benefits for our customers, society and the environment and shows our dedication to going further,” said John Fortson, Ingevity’s president and CEO. “It is an esteemed validation that the work we’re doing to change the way we operate is making our sustainability impact even greater and furthering our purpose to purify, protect and enhance the world.”
Established in 2007, EcoVadis is an industry standard for evaluating and rating sustainable business and procurement practices. The EcoVadis methodology is built on international sustainability standards, including the Global Reporting Initiative, the United Nations Global Compact and the ISO 26000, and the EcoVadis framework assesses companies’ policies, actions and public reporting related to the environment, labor and human rights, ethics and sustainable procurement to evaluate their commitment to responsible corporate citizenship.
Ingevity publishes an annual sustainability report that provides an in-depth overview of its sustainability initiative, metrics and certifications, and its framework of management practices. Visit the company’s website to learn more about Ingevity’s sustainability initiative and view its sustainability report.
Ingevity: Purify, Protect and Enhance
Ingevity provides products and technologies that purify, protect and enhance the world around us. Through a team of talented and experienced people, we develop, manufacture and bring to market solutions that help customers solve complex problems and make the world more sustainable. We operate in two reporting segments: Performance Chemicals, which includes specialty chemicals and engineered polymers, and Performance Materials, which includes high-performance activated carbon. These products are used in a variety of demanding applications, including asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants, publication inks, coatings, elastomers, bioplastics and automotive components that reduce gasoline vapor emissions. Headquartered in North Charleston, South Carolina, Ingevity operates from 25 locations around the world and employs approximately 1,850 people. The company is traded on the New York Stock Exchange (NYSE:NGVT). For more information visit www.ingevity.com.
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Enviva’s President, Thomas Meth, to join the world’s largest clean energy forum to speak on how to best leverage the clean energy market, build a new energy economy, improve energy security, and tackle climate change
BETHESDA, Md.--(BUSINESS WIRE)--#Biomass--Today, Enviva Inc. (NYSE: EVA), the world’s leading producer of sustainably sourced woody biomass, announced that it will be presenting at the Global Clean Energy Action Forum on Thursday and Friday, September 22-23, 2022 in Pittsburgh, PA. Enviva’s President, Thomas Meth, will join an assembly of the world’s largest and leading companies, countries, and international experts who share the common mission of accelerating the clean energy transition.
“Today, woody biomass plays an important role in the global transition to a low-carbon economy – used predominately to decarbonize power and heat. At Enviva, we are proud that our product has been able to displace more than 48.3 million cumulative metric tons of CO2e since our inception nearly 20 years ago,” said Mr. Meth. “The future of our company is rapidly changing as utilization of woody biomass is expected to grow significantly by 2050 to help decarbonize hard-to-abate sectors. We couldn’t be more excited about all that modern bioenergy has to offer and about unlocking its full potential,” added Mr. Meth.
Of all global emitters, energy-intensive industries represent the hardest sectors to abate for net-zero, and the use of woody biomass feedstocks in these sectors creates new opportunities for decarbonization where urgent solutions are needed to reach climate targets. Recognizing this opportunity, Enviva is expanding its focus to include additional dynamic market opportunities — such as sustainable aviation fuel (SAF), green lime, green steel, and green cement — in addition to its core business of supplying the energy sector with a renewable, drop-in alternative to coal. Earlier this month, Enviva announced its partnership with Alder Fuels to scale and commercialize sustainable aviation fuel supply chains. This joint effort enables Enviva’s sourcing of sustainable wood fiber and Alder Fuels’ industry-leading technology to deliver the feedstock flexibility and commercialization of SAF needed to achieve jet fuel decarbonization at scale.
The 2022 Global Clean Energy Action Forum has already attracted more than 5,000 delegates from governments, international organizations, industry, academia, innovators, and NGOs. The event will cover the entire cleantech spectrum via Ministerial plenaries, topical roundtables, and over 100 technology-specific events with CEOs and experts from around the world, as well as energy and science ministers from 31 countries, dedicated to accelerating the production and use of sustainable, low GHG-emissions fuels, chemicals, and materials.
To learn more on how Enviva is maximizing the use of woody biomass in heavy energy-intensive industries, we invite you to read our new white paper – Biomass: Unlocking a Future Beyond Fossil Fuel here. To learn more about the Enviva and Alder Fuels partnership click here.
About Enviva
Enviva Inc. (NYSE: EVA) is the world’s largest producer of industrial wood pellets, a renewable and sustainable energy source produced by aggregating a natural resource, wood fiber, and processing it into a transportable form, wood pellets. Enviva owns and operates ten plants with a combined production capacity of approximately 6.2 million metric tons per year in Virginia, North Carolina, South Carolina, Georgia, Florida, and Mississippi, and is constructing its 11th plant in Epes, Alabama. Enviva sells most of its wood pellets through long-term, take-or-pay off-take contracts with creditworthy customers in the United Kingdom, the European Union, and Japan, helping to accelerate the energy transition and to decarbonize hard-to-abate sectors like steel, cement, lime, chemicals, and aviation fuels. Enviva exports its wood pellets to global markets through its deep-water marine terminals at the Port of Chesapeake, Virginia, the Port of Wilmington, North Carolina, and the Port of Pascagoula, Mississippi, and from third-party deep-water marine terminals in Savannah, Georgia, Mobile, Alabama, and Panama City, Florida.
To learn more about Enviva, please visit our website at www.envivabiomass.com. Follow Enviva on social media @Enviva.
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DUBLIN--(BUSINESS WIRE)--The "District Heating Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
The global district heating market is expected to grow from $164.31 billion in 2021 to $171.26 billion in 2022 at a compound annual growth rate (CAGR) of 4.23%. The district heating market is expected to grow to $202.21 billion in 2026 at a compound annual growth rate (CAGR) of 4.24%.
Western Europe was the largest region in the district heating market in 2021. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the district heating market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Government initiatives in improving heating infrastructure are expected to propel the growth of the district heating market. Due to rapid growth in extreme weather in specific geographies and the lack of efficient heating systems, governments are investing in establishing district heating sectors to increase affordable and environmentally friendly heating access to their residents. For instance, according to the International Energy Agency, Europe alone invested $5.8 billion in district heating pipelines in 2019, and the length of district heat pipelines rose to 72 thousand Km in 2019. Therefore, the government initiatives in improving heating infrastructure will drive the growth of the district heating market.
Rapid technological development is a key trend in the district heating market. The major companies operating in the district heating sector are developing innovative technologies with a major focus on sustainability to meet the fast-growing end customer demands and strengthen their market position. For instance, Tractebel Engineering S.A., a Belgium-based provider of engineering services, is developing fourth-generation district heating and cooling technology, which utilizes low-temperature waste heat and connects the electricity network to the grid. The current ongoing developmental activities include district heating with geothermal heat coupled with a heat pump and district cooling using standard chillers coupled with ice thermal storage.
In January 2022, Egeria, an Independent Pan-European investment company, acquired Isoplus, a UK-based provider of pre-insulated district heating piping systems and district heating systems for an undisclosed amount. Through this acquisition, Isoplus is expected to attain financial support and operational support to expand its business operations across the Europe.
Scope
Markets Covered:
1) By Plant Type: Boiler; Combined Heat and Power (CHP); Others Plant Types
2) By Heat Source: Coal; Natural Gas; Renewables; Oil and Petroleum Products
3) By Application: Residential; Commercial; Industrial
Key Topics Covered:
1. Executive Summary
2. District Heating Market Characteristics
3. District Heating Market Trends And Strategies
4. Impact Of COVID-19 On District Heating
5. District Heating Market Size And Growth
6. District Heating Market Segmentation
7. District Heating Market Regional And Country Analysis
8. Asia-Pacific District Heating Market
9. China District Heating Market
10. India District Heating Market
11. Japan District Heating Market
12. Australia District Heating Market
13. Indonesia District Heating Market
14. South Korea District Heating Market
15. Western Europe District Heating Market
16. UK District Heating Market
17. Germany District Heating Market
18. France District Heating Market
19. Eastern Europe District Heating Market
20. Russia District Heating Market
21. North America District Heating Market
22. USA District Heating Market
23. South America District Heating Market
24. Brazil District Heating Market
25. Middle East District Heating Market
26. Africa District Heating Market
27. District Heating Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The District Heating Market
29. District Heating Market Future Outlook and Potential Analysis
30. Appendix
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/klxp36
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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AB 847 signed by governor stems from collaboration between Assemblymember Quirk and SDG&E
SAN DIEGO--(BUSINESS WIRE)--#balloons--Each year, electrically-conductive foil balloons – popular for celebrating birthdays, graduations and other special occasions – cause thousands of power outages across California and the nation when they get tangled up in power lines. Occasionally, foil balloons caught in power lines also spark fires and bring down electrical wires. (See this dramatic footage of a foil balloon in power lines. Additional video and photos available for download here.)
To help reduce fire risk and prevent power outages, manufacturers and retail outlets in California will be required to gradually phase in the production and sale of non-electrically conductive foil balloons in the coming years. This change is prompted by new legislation signed by Gov. Gavin Newsom and sponsored by Assemblymember Bill Quirk (D-Hayward) in collaboration with San Diego Gas & Electric.
“Balloon safety can go a long way in preventing power outages and fires,” said Assemblymember Quirk, D-Hayward. “With California facing increasing wildfire risks and electric reliability challenges due to climate change, it’s important that we do everything we can to mitigate fire risk and prevent power interruption.”
Under Assembly Bill 847 signed by the governor on Sept. 18, anyone who sells and makes any foil balloon for sale is required to ensure that those balloons meet certain requirements, including passing a standard test (IEEE 2845) that is approved by the Institute of Electrical and Electronics Engineers (IEEE). Per the legislation, non-electrically conductive foil balloons will be phased in over several years, after the IEEE approves the final standard for testing non-conductive foil balloons or by Jan. 1, 2027, whichever is later.
“Our top priority at SDG&E is to provide safe and reliable service to our customers,” said SDG&E CEO Caroline Winn. “That’s why our engineers persisted over the past decade to develop an innovative balloon material that looks just like a regular foil balloon but doesn’t cause outages or increase fire risk – solving an industry-wide problem.”
Seeking to solve the conductivity issue with metallic balloons while still allowing foil balloons to remain a consumer product, SDG&E worked with a leading U.S. balloon manufacturer, Anagram, to develop and test a balloon made of non-conductive, shiny material. This balloon was successfully tested in conditions common to SDG&E’s, Southern California Edison’s (SCE), and Pacific Gas & Electric’s (PG&E) electrical distribution systems.
In SDG&E’s service territory, existing foil balloons cause around 100 power outages each year and have sparked an average of 3 to 4 reportable fires every year from 2015 to 2021. In fact, over the six years, SDG&E recorded over 700 outages and 28 reportable fires all due to foil balloons coming into contact with overhead power lines. This happens because the metallic exterior of the foil balloon conducts electricity, so when it floats into an overhead power line the balloon can cause an electrical fault, blackouts, or worse, sparks that can start fires. Elsewhere in California, PG&E reported that metallic balloons that drifted into its power lines caused more than 600 outages in 2021, a 27% increase from the previous year and the highest number of balloon-related outages the company has seen in a decade. In 2021, SCE recorded 1,103 outages caused by metallic balloons that impacted 1.6 million customers for 7,630 hours.
SDG&E is an innovative San Diego-based energy company that provides clean, safe and reliable energy to better the lives of the people it serves in San Diego and southern Orange counties. The company is committed to creating a sustainable future by providing its electricity from renewable sources; modernizing natural gas pipelines; accelerating the adoption of electric vehicles; supporting numerous non-profit partners; and, investing in innovative technologies to ensure the reliable operation of the region’s infrastructure for generations to come. SDG&E is a subsidiary of Sempra (NYSE: SRE). For more information, visit SDGEnews.com or connect with SDG&E on Twitter (@SDGE), Instagram (@SDGE) and Facebook.
Elected in 2012, Bill Quirk brings his PhD in astrophysics and career as an educator and scientist to the State Assembly. He is the Chair of the Assembly Committee on Environmental Safety and Toxic Materials. He is also Chair of the Select Committee on California’s Clean Energy Economy. He is a member of the Appropriations, Public Safety, Revenue and Taxation, and Utilities and Energy Committees. Website of Assemblymember Quirk: https://a20.asmdc.org/
Helen Gao
San Diego Gas & Electric
877-866-2066
sdge.com
Twitter: @sdge
Marika Nell
Office of Asm. Bill Quirk
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Twitter: @AsmBillQuirk
Petcurean highlights key sustainability wins in Second Annual Sustainability Impact Report, including achieving carbon neutral status for Scopes 1 and 2, pledging to transition to recyclable packaging by 2025, and donating 918,878 pet food meals in the last 12 months
CHILLIWACK, British Columbia--(BUSINESS WIRE)--Petcurean, the award-winning manufacturer of premium pet food brands GO! SOLUTIONS® and NOW FRESH®, is thrilled to share a number of notable sustainability achievements and announcements to mark Zero Emissions Day, a day set aside to encourage people to be mindful of their environmental impact and reduce the emissions they produce. These achievements demonstrate Petcurean’s commitment to being a sustainability leader in the premium pet food industry and contributions towards the growing industry movement for increased accountability and transparency. Today’s announcement also includes highlighting ongoing company partnerships with like-minded organizations including the Pet Sustainability Coalition, and sustainability improvements, both big and small, across all areas of the business.
As part of the premium pet food manufacturer’s sustainability milestones, and as highlighted in their recently released Second Annual Sustainability Impact Report, Petcurean has achieved carbon neutrality for Scopes 1 and 2 by offsetting 100% of its greenhouse gas (GHG) emissions for the past three years. This was done through a carbon offset partnership with Native Energy, a certified B Corporation dedicated to developing sustainability solutions. The total amount offset is equal to 288 tonnes CO2e, and includes emissions from Petcurean’s electricity, natural gas, and fleet vehicle usage, and is equivalent to the GHG emissions of more than 123,000 litres of gas, 192 homes’ electricity for a year and 12,000-barbeque propane cylinders. Moving forward, Petcurean's priority is to reduce the Company's Scope 1 and 2 emissions and then to offset any remaining emissions.
Petcurean’s carbon neutral status is just one part of a four-year plan to improve all aspects of the Company’s sustainability practices. Another key element of the Company’s sustainability commitment is its membership with the Pet Sustainability Coalition (PSC) since 2017. As a PSC Accredited Company, Petcurean’s sustainability performance has been measured, verified, and improved annually. In fact, Petcurean was the first Canadian company to sign-on to the PSC’s Packaging Pledge, which publicly commits Petcurean to switching the majority of their pet food packaging to be 100% recyclable by 2025.
“In 2021 we put our four-year sustainability plan in action, including releasing our first-ever Sustainability Impact Report to highlight the measurable actions we’re taking to reduce our ‘pawprint’ on the environment,” says Christine Mallier, Sustainability and Community Relations Manager, Petcurean. “A year later, we’re excited to share the progress we’ve made through our Second Annual Sustainability Impact Report, which showcases our vision to contribute to a more sustainable future, and how we’re committed to making a positive impact on the planet for our beloved pets and community of pet parents.”
Currently, Petcurean is at the midpoint of the Company’s four-year sustainability plan, which focuses on making positive changes in four main impact areas:
“For over two decades, our focus has been on doing the right thing as a Company, and to create premium food that is both nutritious and delicious. Two years ago we were thrilled to kick things into high gear to define and achieve new sustainability goals, while keeping pets first as our motto,” says Christine Mallier, Sustainability & Community Relations Manager, Petcurean. “We recognize the responsibility we have to implement sustainable practices to produce responsibly, reduce consumption, and empower our team while doing so. Being intentional and transparent in these practices is important to us, and we look forward to sharing more of our sustainability goals and results in the months ahead.”
Learn more about Petcurean’s commitment to sustainability and download Petcurean’s second annual Sustainability Impact Report here:
About Petcurean®
Petcurean is a proudly Canadian company that creates premium-quality pet food recipes for dogs and cats (and cats and dogs) through its family of flagship brands including: GO! SOLUTIONS®, NOW FRESH®, and GATHER®. Petcurean pet foods are sold exclusively through select pet specialty retailers in Canada, the United States, and more than 35 countries internationally. The Petcurean family of brands is committed to sustainability as it pertains to pets, people and the planet. With every decision they make and every recipe they create, they put pets first. For more information, visit www.petcurean.com.
Julia Smith
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100% of Outstanding 2.65% Senior Notes Due 2022 and 3.625% Senior Notes due 2022 to Be Redeemed
HOUSTON--(BUSINESS WIRE)--Regulatory News:
Schlumberger Limited (“Schlumberger”) today announced that its subsidiaries will redeem approximately $895 million of senior notes due 2022.
Schlumberger Finance Canada Ltd., an indirect wholly owned subsidiary of Schlumberger (“SFCL”), will redeem the entire outstanding principal amount of its 2.65% Senior Notes due 2022 (the “SFCL Notes”), and Schlumberger Holdings Corporation, an indirect wholly owned subsidiary of Schlumberger (“SHC”), will redeem the entire outstanding principal amount of its 3.625% Senior Notes due 2022 (the “SHC Notes” and, collectively with the SFCL Notes, the “Notes”). The aggregate principal amount of the SFCL Notes outstanding is $600,000,000, and the aggregate principal amount of the SHC Notes outstanding is $295,328,000.
The redemption date for the SFCL Notes is October 20, 2022 and the redemption date for the SHC Notes is October 21, 2022 (each, a “Redemption Date”). The Notes will be redeemed on the applicable Redemption Date at a redemption price for each series of Notes equal to (a) 100% of the aggregate principal amount being redeemed, plus (b) accrued and unpaid interest on such Notes from the last interest payment date to, but excluding, the applicable Redemption Date, in accordance with the terms of the applicable series of Notes and the applicable indenture governing such series of Notes. On and after the applicable Redemption Date, interest will cease to accrue on the Notes and the Notes will cease to be outstanding.
Notices of redemption are being sent by the trustee for the Notes to all currently registered holders of such series of Notes.
About Schlumberger
Schlumberger (SLB: NYSE) is a technology company that partners with customers to access energy. Our people, representing over 160 nationalities, are providing leading digital solutions and deploying innovative technologies to enable performance and sustainability for the global energy industry. With expertise in more than 120 countries, Schlumberger collaborates to create technology that unlocks access to energy for the benefit of all.
Find out more at www.slb.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the federal securities laws — that is, statements about the future, not about past, events. Such statements often contain words such as “expect,” “may,” “believe,” “plan,” “estimate,” “intend,” “anticipate,” “should,” “could,” “will,” “see,” “likely” and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as statements regarding the terms and timing of the redemption of each series of Notes. None of Schlumberger, SHC nor SFCL can give any assurance that such statements will prove correct. These statements are subject to, among other things, the risks and uncertainties detailed in Schlumberger’s most recent Forms 10-K, 10-Q, and 8-K filed with or furnished to the Securities and Exchange Commission. Actual outcomes may vary materially from those reflected in Schlumberger’s forward-looking statements. The forward-looking statements speak only as of the date of this press release, and Schlumberger, SHC and SFCL disclaim any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.
Ndubuisi Maduemezia – Vice President of Investor Relations, Schlumberger Limited
Joy V. Domingo – Director of Investor Relations, Schlumberger Limited
Office +1 (713) 375-3535
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DUBLIN--(BUSINESS WIRE)--The "Energy Infrastructure for EV Charging Stations Market By Component, Number of EVSE, Energy Source, and Geography - Global Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.
The energy infrastructure for EV charging stations market is expected to reach $20.0 billion by 2029, at a CAGR of 36.0% during the forecast period 2022-2029.
The rising government initiatives to drive the adoption of EVs and associated infrastructure and the demand for EV fast-charging infrastructure are the key factors driving the growth of the global energy infrastructure for EV charging stations market. The high cost of infrastructure equipment is expected to restrain the growth of the global energy infrastructure for EV charging stations. In addition, the increasing adoption of electric mobility in emerging economies and the growing deployment of charging stations by retail MNCs are expected to create significant growth opportunities for the players operating in this market. However, the impact of voltage dips on electrical vehicle charging stations poses a challenge to the growth of this market.
The study offers a comprehensive analysis of the global energy infrastructure for EV charging stations market based on component (transformers, electric distribution systems, heavy-duty cables, metering systems, power converters, energy storage systems, and solar PV panels), number of EVSE (less than 5 units, 5 to 15 units, and more than 15 units), energy source (renewable energy sources, and non-renewable energy sources), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyses the market at the country and regional levels.
Based on component, in 2022, the transformers segment is estimated to account for the largest share of the global energy infrastructure for EV charging stations market. The growth of this segment is attributed to its wide usage for powering electric vehicle charging applications and maintaining power as per charging station requirements. However, the energy storage systems segment is expected to account for the highest CAGR during the forecast period due to various initiatives by OEMs and stakeholders which help develop ESS for EV charging stations.
Based on number of EVSE, in 2022, the less than 5 units segment is estimated to account for the largest share of the global energy infrastructure for EV charging stations market. The growth of this segment is driven by increasing investments by retail space owners & managers and fuel station owners to include electric vehicle charging on their premises. However, the 5 to 15 units segment is expected to account for the highest CAGR during the forecast period due to various government incentives, tax credits, and reimbursements for the commercial installation of charging stations.
Based on energy source, in 2022, the non-renewable energy sources segment is estimated to account for the largest share of the global energy infrastructure for EV charging stations market. The growth of this segment is attributed to government incentives and subsidies to purchase EVs and charging infrastructure.
Based on geography, in 2022, Asia-Pacific is estimated to account for the largest share of the global energy infrastructure for EV charging stations market. The growth of this segment is attributed to the growing demand for electric vehicles in countries such as China and Japan and rising government initiatives to reduce greenhouse gas emissions, which, in turn, is poised to increase the adoption of electric vehicles. However, Europe is expected to account for the highest CAGR during the forecast period.
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. The Impact of COVID-19 on the Global Energy Infrastructure Market for EV Charging Stations
5. Market Insights
6. Global Energy Infrastructure Market for EV Charging Stations, by Component
7. Global Energy Infrastructure Market for EV Charging Stations, by Number of EVSE
8. Global Energy Infrastructure Market for EV Charging Stations, by Energy Source
9. Energy Infrastructure Market for EV Charging Stations, by Geography
10. Competitive Landscape
11. Company Profiles (Business Overview, Financial Overview, Products Portfolio, Strategic Developments)
12. Appendix
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/2iz0yk
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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100% of Outstanding 2.65% Senior Notes Due 2022 and 3.625% Senior Notes due 2022 to Be Redeemed
HOUSTON--(BUSINESS WIRE)--Schlumberger Limited (“Schlumberger”) today announced that its subsidiaries will redeem approximately $895 million of senior notes due 2022.
Schlumberger Finance Canada Ltd., an indirect wholly owned subsidiary of Schlumberger (“SFCL”), will redeem the entire outstanding principal amount of its 2.65% Senior Notes due 2022 (the “SFCL Notes”), and Schlumberger Holdings Corporation, an indirect wholly owned subsidiary of Schlumberger (“SHC”), will redeem the entire outstanding principal amount of its 3.625% Senior Notes due 2022 (the “SHC Notes” and, collectively with the SFCL Notes, the “Notes”). The aggregate principal amount of the SFCL Notes outstanding is $600,000,000, and the aggregate principal amount of the SHC Notes outstanding is $295,328,000.
The redemption date for the SFCL Notes is October 20, 2022 and the redemption date for the SHC Notes is October 21, 2022 (each, a “Redemption Date”). The Notes will be redeemed on the applicable Redemption Date at a redemption price for each series of Notes equal to (a) 100% of the aggregate principal amount being redeemed, plus (b) accrued and unpaid interest on such Notes from the last interest payment date to, but excluding, the applicable Redemption Date, in accordance with the terms of the applicable series of Notes and the applicable indenture governing such series of Notes. On and after the applicable Redemption Date, interest will cease to accrue on the Notes and the Notes will cease to be outstanding.
Notices of redemption are being sent by the trustee for the Notes to all currently registered holders of such series of Notes.
About Schlumberger
Schlumberger (SLB: NYSE) is a technology company that partners with customers to access energy. Our people, representing over 160 nationalities, are providing leading digital solutions and deploying innovative technologies to enable performance and sustainability for the global energy industry. With expertise in more than 120 countries, Schlumberger collaborates to create technology that unlocks access to energy for the benefit of all.
Find out more at www.slb.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the federal securities laws — that is, statements about the future, not about past, events. Such statements often contain words such as “expect,” “may,” “believe,” “plan,” “estimate,” “intend,” “anticipate,” “should,” “could,” “will,” “see,” “likely” and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as statements regarding the terms and timing of the redemption of each series of Notes. None of Schlumberger, SHC nor SFCL can give any assurance that such statements will prove correct. These statements are subject to, among other things, the risks and uncertainties detailed in Schlumberger’s most recent Forms 10-K, 10-Q, and 8-K filed with or furnished to the Securities and Exchange Commission. Actual outcomes may vary materially from those reflected in Schlumberger’s forward-looking statements. The forward-looking statements speak only as of the date of this press release, and Schlumberger, SHC and SFCL disclaim any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.
Ndubuisi Maduemezia – Vice President of Investor Relations, Schlumberger Limited
Joy V. Domingo – Director of Investor Relations, Schlumberger Limited
Office +1 (713) 375-3535
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DUBLIN--(BUSINESS WIRE)--The "Emissions Reduction Strategies Adopted by the Oil and Gas Sector - Analyzing Current Emissions by Oil and Gas Sector and Companies, Future Targets, Reduction Strategies and Carbon Pricing" report has been added to ResearchAndMarkets.com's offering.
A review of announced targets from 28 major oil and gas companies showed that nearly all have some kind of target for direct, scope 1 & 2 emissions. Meanwhile, less than half have any kind of target covering scope 3 emissions and less than a third aim to be net zero across all emission types by 2050.
The nine most active O&G companies in the energy transition have reported reductions in absolute emissions and emissions intensity in recent years. On the national level, carbon pricing is used in Europe and Canada, but in the US only certain states are covered, and the Middle East and Russia have no such schemes. Companies have started implementing internal carbon pricing schemes in regions where it is less commonplace.
The oil and gas sector is responsible for about 50% of energy-related emissions, with the vast majority arising from Scope 3 emissions. Of Scope 1 and 2 emissions, the largest proportion comes from upstream and downstream operations. Emissions reduction strategies of the 9 most active oil and gas companies were compiled and analysed. Aside from developing low carbon technologies, companies have also started to endorse carbon pricing as an effective emissions reduction measure.
Scope
Reasons to Buy
Key Topics Covered:
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/xcos8q
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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The SMFT-1000 offers a comprehensive PV solution enabling streamlined PV safety and quality inspections with Fluke TruTest® Solar Software integration, providing critical documentation
EVERETT, Wash.--(BUSINESS WIRE)--Fluke, a leading provider of safe, rugged, and reliable industrial tools and integrated software, today introduced the Solar Multifunction Tester 1000 (SMFT-1000), the latest addition to their expanding line of solar tools. The SMFT-1000 offers up-to-date hardware measurement capabilities with Fluke TruTest® Solar Software integration, simplifying data collection and reporting with a single tool.
The SMFT-1000 features:
“Through the handheld capabilities of the SMFT-1000, PV operations will be able to optimize panel performance with one, comprehensive tool,” said Allison Wyatt, Fluke global product marketing manager. “Equipped with seamless hardware to software integration, this latest addition to our solar product portfolio will ensure that technicians can manage their systems efficiently, accurately, and safely.”
The SMFT-1000’s complete package streamlines PV installation, commissioning, and maintenance, allowing PV professionals to complete required tests while the Fluke TruTest® Solar Software compiles data into the industry standard format, cutting down installation time by up to 20% and documentation time by up to 50%. The increased 1kV I-V Curve tracing capability allows users to service larger PV systems, centralizing results across tools. The individual client, project, and site data filing feature helps operation and maintenance professionals recover measurements from past projects and across multiple clients, enabling improved optimization of existing operations.
The SMFT-1000 is the latest addition to the Fluke portfolio of test tools designed for the solar energy industry. Fluke tools operate reliably in the extreme environments — dusty, wet, cold, and hot — that solar professionals work in, and are tested to survive drops that can occur in field work. Fluke tools are designed to keep workers safe in potentially dangerous electrical environments, meeting or exceeding all recommended safety standards.
Attendees of RE+, taking place at the Anaheim Convention Center in California, are invited to visit the Fluke Solar Showcase from September 20-22 to get a firsthand look at the SMFT-1000, as well as other key tools that make up the Fluke solar product portfolio. Visitors can test industry-leading hardware and software live with the guidance of on-site experts, exhibiting how Fluke solar tools keep projects running smoothly while ensuring technician safety and preparedness for any task.
More information about the Fluke SMFT-1000 is available at solar.fluke.com.
About Fluke
As the world leader in test and measurement equipment, software, and service, Fluke is committed to advancing sustainability at a global level. Growth in renewable energy industries requires precision measurement, quality control, and reporting capabilities for installation, maintenance, and service. Every day, Fluke customers stake their reputations on Fluke tools—it’s why they depend on Fluke’s reliability, accuracy, and commitment to help them extend their skillsets and professionalism.
FLUKE is a registered trademark of Fluke Corporation. For more information, visit the Fluke website.
Media
Carlos Villacis
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DUBLIN--(BUSINESS WIRE)--The "Catamaran Market Size, Share & Trends Analysis Report by Product (Sailing Catamarans, Power Catamarans), by Size (Small, Medium, Large), by Application (Sport, Leisure, Transport), by Region, and Segment Forecasts, 2022-2030" report has been added to ResearchAndMarkets.com's offering.
The global catamaran market size is expected to reach USD 2.23 billion by 2030, according to this report. The market is anticipated to expand at a CAGR of 5.8% from 2022 to 2030. The increase in leisure tourism and racing events and the increasing disposable income of people across the globe are some of the key factors driving the growth of the catamaran industry.
A catamaran has a single deck that holds together two parallel hulls. It has more significant internal space than a monohull because of its two-hull structure, which means that the cockpit and living room between the two hulls have ample space. The catamaran is significant while traveling from one distant location to another. Because of increased maritime tourism and people's preference for opulent vacations, the business is expanding at a rapid pace.
A catamaran is mainly famous among High-Net-Worth Individuals (HNWI) who prefer leisure travel and have enough money to spend on those travels. One of the main reasons why catamarans are so popular these days is because of their size and stability. The space between the two hulls of a catamaran tends to have more room for the catamaran, both below and above decks. Some of the benefits of using a catamaran:
A catamaran of the same size as a monohull is more expensive. Once a boat is purchased, there are extra running and maintenance fees (i.e., cost of ownership). For example, after the purchase, the individual will have to pay more for a more significant and comprehensive marina slip, and fuel expenses quickly build up because a catamaran has two engines.
Another frequently claimed disadvantage of catamaran cruising is that these sorts of boats cannot "self-right" themselves in the improbable event of capsizing. Monohull sailboats are built to "right" themselves if they go flipped in high-volume waves during a storm. Catamarans, by definition, cannot accomplish this.
Boat makers are manufacturing catamarans that are faster and more fuel-efficient as design and technology advance. As a result, many loyal monohull owners have converted to catamaran ownership. In November 2021, Servo Yachts LLC debuted The Martini 7.0, a 165-foot catamaran boat with revolutionary technology that treats seasickness in guests.
Catamaran Market Report Highlights
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Market Variables, Trends, & Scope Outlook
Chapter 4. Catamaran Market Product Outlook
Chapter 5. Catamaran Market Size Outlook
Chapter 6. Catamaran Market Application Outlook
Chapter 7. Catamaran Market: Regional Estimates & Trend Analysis
Chapter 8. Competitive Analysis
Chapter 9. Competitive Landscape
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/vacv1a
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Jose Antonio Miranda will lead Avangrid Renewables
ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID, Inc. (NYSE:AGR), a leading sustainable energy company, announced today the consolidation of its onshore and offshore renewables businesses. Leading the consolidated business will be Jose Antonio Miranda, who will serve as President and CEO of Avangrid Renewables.
“As we strive to maximize asset value, efficiently execute projects, and manage the changing dynamics of business in the U.S., consolidation of the onshore and offshore businesses will allow AVANGRID to leverage human capital, supply chain synergies, and project execution experience across Renewables,” said Pedro Azagra, AVANGRID CEO. “With critical milestones for our offshore wind projects approaching, Miranda’s key experience in the wind turbine industry, and his successful asset optimization of AVANGRID’s onshore wind business, ensures we have strong consolidated leadership.”
Miranda was appointed Co-CEO and President of Onshore for Avangrid Renewables in October of 2021. As President and CEO of Avangrid Renewables, he will continue to leverage his extensive renewables leadership experience, including his years of service as CEO of Onshore in the Americas region for Siemens Gamesa and Chairman of its Boards in the U.S., Mexico, and Brazil.
Miranda holds a Master of Business Administration from ICADE (Universidad Pontificia de Comillas, Madrid, Spain) and a degree in Industrial Engineering from Superior Technical Institute Engineers of Gijón (Oviedo University, Spain).
About AVANGRID: AVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $40 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs more than 7,000 people and has been recognized by JUST Capital in 2021 and 2022 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2022, AVANGRID ranked second within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2022 for the fourth consecutive year by the Ethisphere Institute. For more information, visit www.avangrid.com.
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