FRESNO, Calif.--(BUSINESS WIRE)--#IGIHOF--The International Green Industry Hall of Fame (IGIHOF) has announced that it will celebrate nine new inductees as part of its 2022 Induction Ceremony to be held on Thursday, September 29th at 11:00am Pacific Time. The event will be streamed live and admission is free.
The goal of IGIHOF is to promote excellence in ecological sustainability worldwide. IGIHOF’s mission is to recognize individuals and organizations for outstanding achievements in the green industry. Induction ceremonies are held at various locations all over the world each year and will be held virtually once again this year.
The live streaming event will include messages from representatives for each of the inductees as well as keynote presentations by Bob Taylor, Co-Founder of Taylor Guitars (and a 2022 inductee); and Dr. Michael E. Mann, Director of the Center for Science, Sustainability & the Media at the University of Pennsylvania.
The event will be emceed by Tom Bowman, President of Bowman Change and author of Empowering Climate Action in the United States.
The list of this year’s inductees includes:
“We have a stellar lineup of sustainable inductees this year,” said Sam Geil, Chair of the Board of Directors for the International Green Industry Hall of Fame. "Each of these people and organizations is setting a high standard for being successful, at their respective missions while going above and beyond to protect our planet for future generations. They have much to be proud of and it is an honor to shine a spotlight on their accomplishments. Congratulations to each of our honored class of 2022!”
Register for a free virtual ticket for the IGIHOF 2022 Induction Ceremony at gogreenhall.org.
ABOUT IGIHOF
The mission of the International Green Industry Hall of Fame (IGIHOF) is to recognize those pioneers, leaders, innovators, creators and visionaries who have made significant contributions to the green industry. Additionally, the organization is committed to preserving the rich history of these great people and organizations by constructing a virtual hall of fame free to the general public. Learn more at GoGreenHall.org.
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North American fresh foods producer now leading in energy independence through innovative fuel cells, solar and battery deployments
SAN JOSE, Calif.--(BUSINESS WIRE)--Taylor Farms, North America’s largest producer of healthy fresh foods, has partnered with Bloom Energy (NYSE: BE), Ameresco, Inc. (NYSE: AMRC) and Concept Clean Energy to install a microgrid capable of taking one of their California food processing facilities completely off the traditional energy grid. The energy leaders plan to combine six megawatts (MW) of Bloom fuel cells, 2MW of solar power from Concept Clean Energy and a 2MW/4MWh battery into a microgrid that is designed to power the entire 450,000 sq. ft. facility in San Juan Bautista, California.
Taylor Farms’ commitment to providing healthy fresh foods year-round to customers and consumers cannot be disrupted amid energy reliability challenges. This collaboration combines the strength of each technology – fuel cells’ ability to generate resilient, always-on power, daytime power generation from solar, and energy storage benefits from batteries – to fulfill the facility’s 24/7 power needs completely, independently, and cost-effectively. While microgrids are often implemented only to provide power to critical loads in the event of outages, Taylor Farms seeks to prove that companies can, with partners like Bloom Energy, Ameresco, and Concept Clean Energy, take control of all their energy needs and establish price and power predictability.
“We are looking forward to the energy stability this will provide our San Juan Bautista, California facility,” said Bruce Taylor, Chairman and CEO, Taylor Farms. “Fresh food reliability is essential for our customers and it’s more critical than ever to provide quality, fresh foods to North Americans.”
Per the California Independent System Operator, it is estimated that the state faces an energy capacity shortfall of 1,700MW, which could be as high as 5,000MW if California is hit with multiple extreme events at the same time, such as wildfires and heat waves. With the flexibility to leverage the right technology for the right application, companies can now avoid relying on strained power grids, as Bloom Energy and Ameresco aim to provide always-on power for Taylor Farms.
“Our partnership with Taylor Farms and Ameresco is a landmark demonstration of the capabilities that innovative, clean energy companies have to provide uninterrupted low-carbon power to large-scale facilities,” said Sharelynn Moore, EVP, Chief Business Development and Marketing Officer, Bloom Energy. “Our decade-long relationship with Taylor Farms is culminating in this leading application of what a microgrid can do – enabling America’s largest producer of packaged produce to maintain and improve the reliability of their power.”
This journey builds on Taylor Farms’ relationship with Bloom Energy and is intended to allow the produce distributor to explore disconnecting from the regional power grid amid energy price escalations and reliability challenges.
“Ameresco is excited to partner with Bloom and Taylor Farms on a truly transformative project that demonstrates innovation in advanced energy technologies,” said Ameresco EVP Michael Bakas. “We look forward to this project serving as a blueprint for others as the role for baseload, dispatchable alternative energy sources serve as the cornerstone for resiliency in microgrids.”
“Working with Taylor Farms' leadership has inspired Concept Clean Energy to develop highly innovative and versatile solutions for solar canopies, rooftops and ground-mounted applications,” said Elliot Jaramillo, CEO, Clean Concept Energy. “We're enabling Taylor Farms to achieve energy independence and realize unprecedented economic returns”
Energy solutions, including fuel cells and solar, can be integrated at scale, to provide low-carbon energy, reliability, resiliency, and immunity to challenges facing current grid operations.
At Taylor Farms, Bloom and its partners are paving the way for decarbonizing production, while showing how industries like agriculture, an important part of the California and national economies and the fifth largest source of California’s greenhouse gas emissions, can reach net-zero.
For more information about Bloom Energy’s microgrid capabilities and resilient clean energy platform, visit https://www.bloomenergy.com/applications/alwayson-microgrids/.
Forward-Looking Statements
This press release contains certain forward-looking statements that are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” “will” and “would” or the negative of these words or similar terms or expressions that concern Bloom’s expectations, strategy, priorities, plans or intentions. These forward-looking statements include, but are not limited to, Bloom’s expectations regarding the collaboration with Ameresco and Concept Clean Energy, including plans to install Bloom’s fuel cells as part of a power microgrid at the Taylor Farms San Juan Bautista facility, the cost efficiency, operational reliability and estimated uptime of the microgrid, including its ability to provide low-carbon power independently from the regional power grid, and progress towards any net-zero emissions or decarbonization goals. More information on potential risks and uncertainties that may impact Bloom’s business are set forth in Bloom’s periodic reports filed with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC on February 25, 2022, and its Quarterly Reports on Form 10-Q for the quarters ended March 31, 2022 and June 30, 2022, filed with the SEC on May 6, 2022 and August 9, 2022, respectively, as well as subsequent reports filed with or furnished to the SEC from time to time. Bloom assumes no obligation to, and does not currently intend to, update any such forward-looking statements.
About Bloom Energy
Bloom Energy empowers businesses and communities to responsibly take charge of their energy. The company’s leading solid oxide platform for distributed generation of electricity and hydrogen is changing the future of energy. Fortune 100 companies around the world turn to Bloom Energy as a trusted partner to deliver lower carbon energy today and a net-zero future. For more information, visit www.bloomenergy.com.
About Taylor Farms
Taylor Farms is a leading North American producer of salads and healthy fresh foods with production facilities across the U.S., Canada, and Mexico. Taylor Farms is grounded in a commitment to quality, assured supply, innovation, sustainability, and food safety. Taylor Farms is family owned and based in “The Salad Bowl of the World” Salinas, California. For more information, delicious recipes, and more visit www.taylorfarms.com and follow Taylor Farms on Instagram, Facebook and TikTok.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and Europe. Ameresco’s sustainability services in support of clients’ pursuit of net-zero include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally responsible projects with federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, Massachusetts, Ameresco has more than 1,000 employees providing local expertise in the U.S., Canada, and Europe. For more information, visit www.ameresco.com.
About Concept Clean Energy
Concept Clean Energy is a leader in the field of renewable energy, primarily focused on the agricultural sector. Our team has created several proprietary solutions designed to maximize solar generation while keeping valuable land in production. These solutions allow heavy energy users, such as Taylor Farms, to produce large amounts of reliable clean power onsite, protect critical operations and ultimately achieve energy independence.
www.ConceptCleanEnergy.com
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Bloom Energy Investor Relations:
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Taylor Farms Media Contact:
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Dr. Rosekind will be the CMC’s first CEO starting October 3rd
SACRAMENTO, Calif.--(BUSINESS WIRE)--The California Mobility Center (CMC) publicly announced today that Mark R. Rosekind, Ph.D., has taken the position as the first Chief Executive Officer of the 18-month-old mobility innovation and commercialization center starting on October 3, 2022. The announcement was made at the ITS World Congress in Los Angeles, CA, an event that brings together diverse stakeholders in the intelligent transportation systems industry.
CMC Board Chair Arlen Orchard made the announcement, stating, “Mark’s career includes decades of diverse experiences in complex, high-performance environments that required innovation, data-driven strategies, and strong leadership. It’s this combination that has led to an impressive set of achievements. His skill set, experiences, and expertise developed in academia, NASA, the NTSB, NHTSA, and autonomous vehicles brings to the CMC an unparalleled set of tools and knowledge at a time when we are ready to expand the CMC’s impact, scale, and reach.”
Dr. Rosekind comes to the nonprofit, public benefit corporation that launched commercial operations in Q1-2021 with a goal of pursuing innovation and ways to leverage and integrate efforts across the areas of safety, sustainability, and equity. “The accomplishments the CMC has achieved in a very short time are remarkable,” said Rosekind. “In only a year and a half and during a pandemic, the CMC created a portfolio of people, projects, and networks that position it for tremendous future success. We will build on that momentum, while evolving and expanding the CMC’s enormous potential to affect change in the complex and challenging arenas of transportation safety, sustainability, and equity.”
Dr. Rosekind is an internationally recognized transportation safety professional with over 30 years of experience. He comes to the CMC from Zoox, an autonomous mobility company where he served as the Chief Safety Innovation Officer since 2017. He was the 40th member of the National Transportation Safety Board (NTSB) from 2010 to 2014 and 15th Administrator of the National Highway Traffic Safety Administration (NHTSA) from 2014 to 2017, appointed to both positions by President Obama. He also served as the Distinguished Policy Scholar in the Department of Health Policy and Management at the Johns Hopkins Bloomberg School of Public Health for 2020-2022.
“The CMC represents a tremendous opportunity to enhance societal safety, sustainability, and equity through new mobility innovations,” Rosekind said. “These are big, bold opportunities that can leverage California’s innovation, technology, expertise, and resources for meaningful national and global impact.”
Dr. Rosekind led significant transformation at NHTSA, instilling a proactive safety culture while driving both the Agency and automobile industry to be future-oriented. His initiatives included the development and issuance of the first-ever Federal Automated Vehicles Policy, the founding of the Road to Zero coalition to develop a 30-year plan to eliminate traffic fatalities, and aggressive oversight of safety in the automobile industry, including leading the Agency through the nation’s largest product safety recall in U.S history. His leadership earned him the distinction of being named the 2015 Industry Leader of the Year by Automotive News. As a member of the NTSB, he was the Board Member on-scene for seven major investigations and advanced the agency’s advocacy goals on substance-impaired driving, fatigue, fire safety, and rail mass transit.
The CMC also announced that Neal Best has been appointed chief operating officer. From the CMC’s initial conception, Best has provided leadership in establishing founding partnerships, securing funding, strategizing, and onboarding new clients. He has over 20 years of global experience in international corporate business consulting and economic development. Best replaces Mark Rawson who held the position of COO for the CMC since 2018. Rawson will be joining GridCure, an electric vehicle charging optimization platform, as Senior Vice President of Strategy and Partnerships in October. He will continue to support the CMC as a Senior Advisor through the remainder of the year.
Rawson and Best are credited with leading the CMC through its formative stage that included expanding the CMC’s strategic business, member, and partner relationships, overseeing the lease agreement for the CMC’s Ramp-Up Factory at Depot Park in Sacramento, CA, and spearheading the CMC’s official commercialization launch in March 2021.
“The full potential of the CMC is unlimited,” Rosekind said. “The societal needs are great and the opportunities for the CMC to deliver meaningful outcomes is tremendous.”
About the California Mobility Center (CMC): The CMC is a nonprofit, public-private entity providing future mobility innovators and industry incumbents access to programs and resources that accelerate the pace of commercialization worldwide and aspires to be the leading innovation center for global mobility success. The CMC was founded by industry thought leaders in clean technology including California State University, Sacramento, EnerTech Capital, PEM Motion, Sacramento Municipal Utility District (SMUD) and the Greater Sacramento Economic Council (GSEC). The CMC is strategically located in Sacramento, CA. Its location puts the CMC in close proximity to California government, which leads the United States and the world in producing policies around green mobility and technology. For more information, visit californiamobilitycenter.org.
Christine Ault, 916.803.1413
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New Senior Vice President of Capital Projects and Vice President of Corporate Communications add experience, expertise, and depth
BELMONT, N.C.--(BUSINESS WIRE)--$PLL #Lithium--Piedmont Lithium (“Piedmont”, “Company”) (Nasdaq: PLL; ASX: PLL), a leading global developer of lithium resources critical to the U.S. electric vehicle (“EV”) supply chain, today announced the addition of two new senior leaders as part of its growth strategy to support the increasing demand for domestic lithium hydroxide. Nick Fouche, a Rio Tinto veteran with a global resume, has been named the Senior Vice President of Capital Projects; and Erin Sanders, an award-winning integrated communications strategist, has been named the Vice President of Corporate Communications.
Keith Phillips, President and CEO of Piedmont, said the additions mark an important period of growth for the Company. “Adding these experienced leaders is key as we steadily progress in the development plans of our global portfolio of spodumene resources,” he explained. “Nick has a proven track record of successfully delivering large, multi-disciplinary projects, which will be instrumental as we move into execution mode in the targeted development of our core projects; and Erin’s broad communications background will play a key role in shaping our brand, culture, and perception among our internal and external stakeholders as we move forward. Nick and Erin are great additions to our Piedmont senior management bench, and I am excited to welcome them to the team.”
To view to complete Piedmont Lithium release, click here.
About Piedmont Lithium
Piedmont Lithium (Nasdaq: PLL; ASX: PLL) is developing a world-class, multi-asset, integrated lithium business focused on enabling the transition to a net zero world and the creation of a clean energy economy in North America. Our goal is to become one of the largest lithium hydroxide producers in North America by processing spodumene concentrate produced from assets where we hold an economic interest. Our projects include our Carolina Lithium and Tennessee Lithium projects in the United States and partnerships in Québec with Sayona Mining (ASX: SYA) and in Ghana with Atlantic Lithium (AIM: ALL). These geographically diversified operations will enable us to play a pivotal role in supporting America’s move toward energy independence and the electrification of transportation and energy storage. For more information, visit www.piedmontlithium.com.
Erin Sanders
VP, Corporate Communications
T: +1 704 575 2549
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NEW YORK--(BUSINESS WIRE)--cMotion Technologies Limited, the patent owner of Antbox, has launched a new generation of mining containers – Minerbase. Similar to Antbox, Minerbase is a mobile mining farm solution for ASIC miners. This series comes with a larger capacity, immersion cooling and many other features.
According to cMotion, Minerbase currently has launched the A series, L series and T series, which stands for air cooling and liquid cooling systems respectively. Both series support faster and cheaper deployment because they are modular. According to testing conducted by cMotion, Minerbase liquid cooling (L series) will shorten the server deployment time, compared to a conventional mining farm of comparable capacity, by up to three months. In addition, the construction expenses can be reduced by as much as 50% when compared to conventional mining farms of the same size. Another common feature between the two series is widespread compatibility with ASIC miner brands such as Antminer, Whatsminer and Avalon.
The Minerbase A series and L series each have new unique features. The A series has a larger capacity that supports up to 336 units of Antminer S19. However, users can order smaller versions equivalent in size to a 20ft shipping container. Generally speaking, the A series is a cost-effective option with an average hosting cost as low as $78 per miner*. The L series has the immersion liquid cooling system that is more advanced in terms of cooling technology. It is able to adapt to environments with high temperature & humidity. Its contra-flow closed cooling towers are extremely energy efficient, given that the maximum evaporation rate of circulating water can be maintained at approximately 0.5%.
Other highlighted features of the Minerbase L series include the intelligent operation system and overclocking. With a PLC-based automatic control system, it helps reduce the amount of work required by humans when making decisions, which results in increased performance and efficiency. The L series also provides a superior overlocking environment for mining equipment. Miners with air cooling can adopt the oil tank by removing their fans (a fan simulator is required).
cMotion announced its upcoming product, Minerbase T series, the integrated oil tank that introduces the water heat recycling feature. By deploying the T series, miners will be able to recover heat generated from crypto mining for greenhouse agriculture, fish farming, underfloor heating and many other great use cases.
To deal with the ever changing landscapes of Bitcoin mining, cMotion has strived to provide miners with more efficient options for data center constructions and operations.
(*The statistics are provided by cMotion for reference purposes only. The actual cost may vary depending on your individual circumstances. )
About cMotion
cMotion Technologies Limited, the team behind Antbox and Minerbase, is a leading provider in data center and software technology services. With 160 global employees from Tencent, Huawei, Alibaba, Bitmain and other leading tech companies, Minerbase team has accumulated rich experience in software and hardware technologies while holding a number of core technology patents in the field of container data centers. In July 2022, the Minerbase LN40, AN40 and AE40 data center products were released.
For more information, please visit:
Website: https://www.minerbase.com
Twitter: https://twitter.com/TheMinerbase
YouTube: https://www.youtube.com/channel/UCEWPRll6x9Cp_V4y5q3sSvA
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Sophie Von
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CEO Abhay Gupta joins panelists from NV Energy, Department of Energy and more on role of data and technology in a clean energy future
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Bidgely CEO Abhay Gupta will speak at the Global Clean Energy Action Forum, led by Department of Energy Secretary Jennifer Granholm and climate czar John Kerry, taking place September 21 to 23 in Pittsburgh, Pennsylvania. The Global Clean Energy Action Forum brings together energy ministers from governments representing 90 percent of public investment in clean energy, international organizations, clean energy financiers, industry leaders, unions, non-governmental organizations and tech innovators to accelerate clean energy deployment commitments while responding to global energy security needs. Gupta will share his perspective on achieving today’s climate change goals through data analytics and customer-centric artificial intelligence (AI) technologies.
“Tackling climate change and transitioning to a clean energy economy is a global priority, and I am honored to join fellow industry leaders advocating for the use of advanced technologies to decarbonize our planet,” said Abhay Gupta, CEO of Bidgely. “Bidgely is focused on developing unique climate technologies, including the only EV disaggregation patent in the world, that are critical for driving the clean energy future.”
Gupta will participate in the Business Forum session, Using Data & Technology to Strategically Engage Customers, Contractors, and Communities in Energy and Carbon Management, organized by Edison Electric Institute on Friday, September 23 at 10:15 AM local time. During the session, panelists will discuss how data, technology and market signals are key ingredients in unlocking smart energy and carbon that can deliver benefits to customers and value to the energy grid. Gupta will also highlight the success of Bidgely’s AI-driven disaggregation techniques for electric vehicle (EV) detection, managed EV charging, load shifting and more, helping its utility partners like NV Energy and Avangrid’s United Illuminating achieve energy efficiency, demand side management and decarbonization goals.
Moderated by Edison Electric Institute’s managing director of customer solutions, Adam Cooper, fellow panelists include:
To learn how utilities are deploying Bidgely’s smart meter data disaggregation technology to improve customer engagement and energy efficiency, listen to Gupta’s fireside chat with NV Energy’s Marie Steele at bidgely.com/resource/iei-engaging-customers-with-technology/.
About Bidgely
Bidgely is an AI-powered SaaS Company accelerating a clean energy future by enabling energy companies and consumers to make data-driven energy-related decisions. Powered by our unique patented technology, Bidgely's UtilityAI™ Platform transforms multiple dimensions of customer data - such as energy consumption, demographic, and interactions - into deeply accurate and actionable consumer energy insights. We leverage these insights to empower each customer with personalized recommendations, tailored to their individual personality and lifestyle, usage attributes, behavioral patterns, purchase propensity, and beyond. From a Distributed Energy Resources (DER) and Grid Edge perspective, Bidgely is advancing smart meter innovation with data-driven solutions for solar PVs, EV detection, EV behavioral load shifting and managed charging, energy theft, short-term load forecasting, grid analytics, and TOU rate designs. Bidgely’s UtilityAI™ energy analytics provides deep visibility into generation, consumption for better peak load shaping and grid planning, and delivers targeted recommendations for new value-added products and services. With roots in Silicon Valley, Bidgely has over 17 energy patents, $75M+ in funding, retains 30+ data scientists, and brings a passion for AI to utilities serving residential and commercial customers around the world. For more information, please visit www.bidgely.com or the Bidgely blog at bidgely.com/blog.
Christine Bennett
Bidgely
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WINDSOR, Conn.--(BUSINESS WIRE)--#FuelCell--Infinity Fuel Cell and Hydrogen, Inc. today revealed that it is actively exploring new markets for its air-independent non-flow-through hydrogen fuel cells in the unmanned underwater vehicle (UUV) market.
Infinity has been developing technology for this market with funding from the U.S. Office of Naval Research for several years. This is the next logical step to developing a commercial product.
In addition to military applications, UUVs are used extensively for commercial applications such as oil and gas exploration, underwater infrastructure inspection (cables, pipelines, etc.) scientific research and even underwater salvage. The successful 2021 discovery of the Antarctic site of Robert Shackelton’s 1915 Endurance shipwreck was carried out with the help of an unmanned underwater vehicle.
The primary advantage of hydrogen fuel cell power in larger UUVs is the ability to extend underwater time to weeks or even months. Infinity is working on one design that will enable such vehicles to run missions up to 70 days long. This eliminates the major expense of tender boats required to frequently resurface and refuel UUVs powered by other more conventional fuels.
“A dock-launched UUV powered by Infinity’s patented air-independent hydrogen fuel cell has the potential to save its commercial sponsor hundreds of thousands of dollars on a single mission, potentially paying for itself on its first use,” said Infinity CEO William F. Smith, “we are uniquely positioned to capture this market.”
Founded in 2002, Infinity Fuel Cell and Hydrogen, Inc. is a market leader in the design and manufacture of air-independent, zero-gravity electrochemical systems including fuel cell systems for space and underwater applications. Infinity is also developing electrolysis technologies that can generate hydrogen and oxygen directly at 2000 psi and above.
Mark Sackler, Director--Corporate Communication
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HOUSTON--(BUSINESS WIRE)--Magnolia Oil & Gas Corporation (“Magnolia” or the “Company”) (NYSE: MGY) today announced that Christopher Stavros, the Company’s current Executive Vice President and Chief Financial Officer, has been named President and Chief Executive Officer, and has been appointed to the Board of Directors, effective immediately. Stephen Chazen, who has served as Chairman, President and Chief Executive Officer since 2018 will no longer be able to serve in his positions due to serious health reasons.
“First and foremost, we would like to extend our deep support to Steve’s family,” said Dan Smith, who previously served as Magnolia’s Lead Independent Director and has been named as Chairman of the Board. “Steve is an exceptionally talented and revered leader, who will leave an extraordinary legacy on our industry. Not only has Steve led an evolution of Magnolia, but his influence has also shaped the oil & gas landscape and the greater business and Houston communities. He cares deeply about Magnolia and our employees and created opportunities for many throughout his career. We share a commitment to carrying out the initiatives Steve developed, both inside Magnolia and in our local communities.”
Mr. Smith continued, “Steve has always expressed his utmost confidence in Chris, and the Board believes Chris is uniquely qualified and the right person to lead Magnolia. Our Board has engaged in thoughtful long-term succession planning, and today’s announcement demonstrates the strength of that process as well as our depth of talent to drive the Company’s business plan and continued success.”
Mr. Stavros said, “I have had the honor for almost two decades to call Steve not only a mentor and colleague, but also a dear friend. Steve is a charismatic and transformational leader with a passion for our business. We are all privileged to have worked with Steve and are grateful for the impact he has had on us. I step into this role confident that Magnolia is well positioned to successfully execute our strategic plan.”
Mr. Stavros will continue to serve as the Company’s Chief Financial Officer until a permanent successor is appointed.
About Christopher Stavros
Prior to his appointment as President, Chief Executive Officer and member of the Board of Directors, Christopher Stavros served as the Company’s Executive Vice President and Chief Financial Officer since Magnolia’s inception. Mr. Stavros has 30 years of experience in the energy and financial industries. He most recently served as Senior Vice President and Chief Financial Officer of Occidental Petroleum Corporation (“Occidental”). Mr. Stavros joined Occidental in 2005 and was named Chief Financial Officer in 2014 having previously served as Vice President, Investor Relations and Treasurer. Mr. Stavros retired from Occidental in May 2017. Prior to joining Occidental in 2005, Mr. Stavros was a Senior Analyst at UBS with coverage of the Oil and Gas sector.
Mr. Stavros received his BSBA from Boston University and received his MBA from the University of Rochester.
About Magnolia Oil & Gas Corporation
Magnolia (MGY) is a publicly traded oil and gas exploration and production company with operations primarily in South Texas in the core of the Eagle Ford Shale and Austin Chalk formations. Magnolia focuses on generating value for shareholders through steady production growth, strong pre-tax margins, and free cash flow. For more information, visit www.magnoliaoilgas.com.
Investors
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Customers will make data-driven decisions faster, at scale, through fully integrated cloud-native solutions powered by Microsoft Energy Data Services
LUCERNE, Switzerland--(BUSINESS WIRE)--Regulatory News:
Schlumberger today announced the commercial release of the Schlumberger Enterprise Data Solution, which is powered by Microsoft Energy Data Services. Developed to deliver the most comprehensive capabilities for subsurface data—in alignment with the emerging requirements of the OSDU™ Technical Standard, a new open industry standard for energy data—the Enterprise Data Solution makes data accessible on an unprecedented scale for the global energy industry.
This technology enables customers to integrate subsurface data with technologies and workflows from multiple vendors. It is a single, open and interoperable platform with embedded artificial intelligence (AI) and powerful data management tools, which support and accelerate scalable, data-driven decision making at all levels of the organization.
Microsoft Energy Data Services is a fully managed, enterprise-grade OSDU data platform co-built with domain expertise from Schlumberger, which powers the Enterprise Data Solution. Supported by a global network of specialist development centers around the world including the U.S., India and Europe, the companies work together to continuously bring new capabilities to market, as well as to provide sales, service and technical support.
“A global cloud-based data solution, developed by Schlumberger and powered by the Microsoft Cloud, means the energy industry can confidently and fully embrace its digital transformation,” said Rajeev Sonthalia, president, Digital & Integration, Schlumberger. “Together, Schlumberger’s energy and subsurface data expertise and Microsoft’s experience in scaling cloud-based data solutions in an open interoperable data platform, have successfully unlocked the full potential of data. Accelerating time to value from AI and digital solutions creates significant new opportunities to increase productivity and boost performance. This is the future of data management for the energy industry.”
"A critical aspect of the energy transition process is harnessing data solutions that improve decision making and increase operational efficiency,” said Scott Guthrie, executive vice president, Cloud + AI Group, Microsoft. “The Schlumberger Enterprise Data Solution, powered by Microsoft Energy Data Services and built on Microsoft Azure, enables organizations in the energy industry to gain greater control of their data and unlock insights that accelerate their journey to data modernization.”
This fully integrated cloud-native enterprise data solution enables end-to-end data-driven workflows scalable to customers’ organizations. Full upstream data capabilities will expand from subsurface to production to well construction and welcome the transition to new and low-carbon energy sources. The Enterprise Data Solution will also accelerate advanced workflows to screen, assess and design carbon capture, utilization and storage (CCUS) projects to support rapidly growing demand for large-scale CO2 sequestration. Data previously held in poorly connected silos can now flow freely across an unbroken data landscape to allow AI and automation to work at previously unimagined scale.
Extraordinary new capabilities and workflows promise to deliver faster and more accurate decision making, reducing the time it takes for customers to extract additional value from their digitalization strategies.
Early adopters of these exciting new technologies include both PETRONAS and Chevron. PETRONAS has liberated petabytes of E&P data for users, integrating 12 corporate data stores to a single data platform and improving data management efficiency and optimizing infrastructure. Chevron is working in partnership with Schlumberger and Microsoft to accelerate the creation of digital technologies across its value chain globally.
“Chevron is committed to our collective vision for digital innovation in energy solutions and to working collaboratively to deliver this vision. It is great to see our strategic partners, Microsoft and Schlumberger, embracing the open, industry-data foundation to build innovative products at enterprise scale,” said Kevin Chambers, VP Subsurface, Chevron. “As an early adopter of the OSDU™ Data Platform, Chevron believes ‘the best is yet to come,’ as we continue to drive innovative capabilities in the OSDU community via our people and industry collaborations and synergies.”
Today’s announcement was made during the Schlumberger Digital Forum 2022, which is taking place this week in Lucerne, Switzerland.
About Schlumberger
Schlumberger (NYSE: SLB) 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 Statement Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the federal securities laws—that is, any statements that are not historical facts. Such statements often contain words such as “expect,” “may,” “can,” “believe,” “plan,” “estimate,” “intend,” “anticipate,” “should,” “could,” “will,” “likely,” “goal,” “objective,” “aspire,” “aim,” “potential,” “promise”, “projected” and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as forecasts or expectations regarding the deployment of, or anticipated benefits of, digital technologies and partnerships. These statements are subject to risks and uncertainties, including, but not limited to, the inability to recognize intended benefits from digital strategies, initiatives or partnerships; and other risks and uncertainties detailed in Schlumberger’s most recent Forms 10-K, 10-Q, and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of any such development changes), or should underlying assumptions prove incorrect, actual results or outcomes may vary materially from those reflected in our forward-looking statements. The forward-looking statements speak only as of the date of this press release, Schlumberger disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.
Media
Moira Duff – Director of External Communications, Schlumberger Limited
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Investors
Ndubuisi Maduemezia – Vice President of Investor Relations, Schlumberger Limited
Joy V. Domingo – Director of Investor Relations, Schlumberger Limited
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Autocharge+ allows EV drivers to seamlessly initiate a charging session by simply plugging in their vehicle to an EVgo fast charger
LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO) (EVgo), the nation’s largest public fast charging network for electric vehicles (EVs), today announced the launch of Autocharge+, setting a new standard for EV convenience by enabling streamlined charging for EV drivers across the country. With Autocharge+, which is available at all EVgo DC fast charging locations, drivers with compatible EVs are able to start a charging session in seconds by simply plugging in – eliminating the need to swipe a credit card, tap an EVgo Program Card (RFID), or open an app to initiate a session.
“EVgo believes every step of the charging experience must be convenient and easy, including locating and reserving a charger, finding nearby shopping and experiences, and now with Autocharge+, seamlessly initiating a charging session,” said Ivo Steklac, Chief Technology Officer at EVgo. “The modern digital technology we’ve built is making charging an EV even simpler than fueling up at a gas station. Autocharge+ is game-changing just like mobile wallets and same-day delivery have become, once again demonstrating EVgo’s leadership in delivering cutting-edge charging services for EV drivers.”
Autocharge+ arrives on the heels of EVgo’s recently announced availability of Plug and Charge for all General Motor EVs with fast charging capabilities on the EVgo network. The launch makes the convenience of Autocharge+, previously deployed for EVgo’s fleet customers, now available to all drivers with a compatible CCS EV.* Many CCS EV models are Autocharge+ compatible, including the Cadillac LYRIQ, Chevrolet Bolt EV, Chevrolet Bolt EUV, Ford Mustang Mach-E, Ford F-150 Lightning, Genesis GV60, GMC Hummer EV, Hyundai Ioniq Electric, Hyundai Kona Electric, Hyundai Ioniq 5, Kia Niro Electric, Kia EV8, Mercedes-Benz EQS, Polestar 2, Subaru Solterra, Toyota bZ4x, and Volvo XC40 Recharge.
Autocharge+ is available exclusively to EVgo customers. To take advantage of the new feature, existing and new customers will need to enroll their EV in the EVgo app by navigating to the vehicle section, adding or selecting their EV, and request to enroll**. Note that to complete enrollment, drivers must then plug into an EVgo charger.
For more information about Autocharge+, click here.
For more information around the locations of fast chargers within EVgo’s charging network, visit www.evgo.com.
*EV models that use CHAdeMO connectors do not have a unique identifier, and therefore cannot use Autocharge+.
**GM drivers can enroll in GM’s Plug and Charge and EVgo Autocharge using the GM app for their specific model (e.g. myChevrolet, myCadillac, etc.), and don’t need to be at a charger to complete enrollment.
About EVgo
EVgo (Nasdaq: EVGO) is a leader in charging solutions, building and operating the infrastructure and tools needed to expedite the mass adoption of electric vehicles for individual drivers, rideshare and commercial fleets, and businesses. Since its founding in 2010, EVgo has led the way to a cleaner transportation future and its network has been powered by 100% renewable energy since 2019 through renewable energy certificates. As the nation’s largest public fast charging network, EVgo’s owned and operated charging network features over 850 fast charging locations – currently serving over 60 metropolitan areas across more than 30 states – and continues to add more DC fast charging locations through EVgo eXtend™, its white label service offering. EVgo is accelerating transportation electrification through partnerships with automakers, fleet and rideshare operators, retail hosts such as grocery stores, shopping centers, and gas stations, policy leaders, and other organizations. With a rapidly growing network, robust software products and unique service offerings for drivers and partners including EVgo Optima™, EVgo Inside™, EVgo Rewards™, and Autocharge+, EVgo enables world-class charging experience where drivers live, work, travel and play.
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Customers will make data-driven decisions faster, at scale, through fully integrated cloud-native solutions powered by Microsoft Energy Data Services
LUCERNE, Switzerland--(BUSINESS WIRE)--Schlumberger today announced the commercial release of the Schlumberger Enterprise Data Solution, which is powered by Microsoft Energy Data Services. Developed to deliver the most comprehensive capabilities for subsurface data—in alignment with the emerging requirements of the OSDU™ Technical Standard, a new open industry standard for energy data—the Enterprise Data Solution makes data accessible on an unprecedented scale for the global energy industry.
This technology enables customers to integrate subsurface data with technologies and workflows from multiple vendors. It is a single, open and interoperable platform with embedded artificial intelligence (AI) and powerful data management tools, which support and accelerate scalable, data-driven decision making at all levels of the organization.
Microsoft Energy Data Services is a fully managed, enterprise-grade OSDU data platform co-built with domain expertise from Schlumberger, which powers the Enterprise Data Solution. Supported by a global network of specialist development centers around the world including the U.S., India and Europe, the companies work together to continuously bring new capabilities to market, as well as to provide sales, service and technical support.
“A global cloud-based data solution, developed by Schlumberger and powered by the Microsoft Cloud, means the energy industry can confidently and fully embrace its digital transformation,” said Rajeev Sonthalia, president, Digital & Integration, Schlumberger. “Together, Schlumberger’s energy and subsurface data expertise and Microsoft’s experience in scaling cloud-based data solutions in an open interoperable data platform, have successfully unlocked the full potential of data. Accelerating time to value from AI and digital solutions creates significant new opportunities to increase productivity and boost performance. This is the future of data management for the energy industry.”
"A critical aspect of the energy transition process is harnessing data solutions that improve decision making and increase operational efficiency,” said Scott Guthrie, executive vice president, Cloud + AI Group, Microsoft. “The Schlumberger Enterprise Data Solution, powered by Microsoft Energy Data Services and built on Microsoft Azure, enables organizations in the energy industry to gain greater control of their data and unlock insights that accelerate their journey to data modernization.”
This fully integrated cloud-native enterprise data solution enables end-to-end data-driven workflows scalable to customers’ organizations. Full upstream data capabilities will expand from subsurface to production to well construction and welcome the transition to new and low-carbon energy sources. The Enterprise Data Solution will also accelerate advanced workflows to screen, assess and design carbon capture, utilization and storage (CCUS) projects to support rapidly growing demand for large-scale CO2 sequestration. Data previously held in poorly connected silos can now flow freely across an unbroken data landscape to allow AI and automation to work at previously unimagined scale.
Extraordinary new capabilities and workflows promise to deliver faster and more accurate decision making, reducing the time it takes for customers to extract additional value from their digitalization strategies.
Early adopters of these exciting new technologies include both PETRONAS and Chevron. PETRONAS has liberated petabytes of E&P data for users, integrating 12 corporate data stores to a single data platform and improving data management efficiency and optimizing infrastructure. Chevron is working in partnership with Schlumberger and Microsoft to accelerate the creation of digital technologies across its value chain globally.
“Chevron is committed to our collective vision for digital innovation in energy solutions and to working collaboratively to deliver this vision. It is great to see our strategic partners, Microsoft and Schlumberger, embracing the open, industry-data foundation to build innovative products at enterprise scale,” said Kevin Chambers, VP Subsurface, Chevron. “As an early adopter of the OSDU™ Data Platform, Chevron believes ‘the best is yet to come,’ as we continue to drive innovative capabilities in the OSDU community via our people and industry collaborations and synergies.”
Today’s announcement was made during the Schlumberger Digital Forum 2022, which is taking place this week in Lucerne, Switzerland.
About Schlumberger
Schlumberger (NYSE: SLB) 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 Statement Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the federal securities laws—that is, any statements that are not historical facts. Such statements often contain words such as “expect,” “may,” “can,” “believe,” “plan,” “estimate,” “intend,” “anticipate,” “should,” “could,” “will,” “likely,” “goal,” “objective,” “aspire,” “aim,” “potential,” “promise”, “projected” and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as forecasts or expectations regarding the deployment of, or anticipated benefits of, digital technologies and partnerships. These statements are subject to risks and uncertainties, including, but not limited to, the inability to recognize intended benefits from digital strategies, initiatives or partnerships; and other risks and uncertainties detailed in Schlumberger’s most recent Forms 10-K, 10-Q, and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of any such development changes), or should underlying assumptions prove incorrect, actual results or outcomes may vary materially from those reflected in our forward-looking statements. The forward-looking statements speak only as of the date of this press release, Schlumberger disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events or otherwise.
Media
Moira Duff – Director of External Communications, Schlumberger Limited
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Ndubuisi Maduemezia – Vice President of Investor Relations, Schlumberger Limited
Joy V. Domingo – Director of Investor Relations, Schlumberger Limited
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NEW YORK & DÜSSELDORF, Germany & TOKYO--(BUSINESS WIRE)--#asahikasei--To meet the increasing demand for materials that boost the efficiency of 5G applications, Asahi Kasei, a diversified Japanese multinational company, is currently introducing new grades of its modified polyphenylene ether (mPPE) XYRON™ to the European and North American markets. The combination of PPE with other polymers such as polyphenylene sulfide (PPS) or polystyrene (PS) allows this family of high-performance compounds to feature a broad range of properties, exceeding those of conventional materials used for telecommunication applications.
5G networks are expected to offer maximum data transmission speeds about 10 times greater than those of 4G networks. Compared to their predecessors, 5G networks also use higher-frequency electromagnetic signals than previous network generations. However, this comes at a cost. As signal speeds increase, the strength of the signal becomes exponentially weaker, so high-frequency signals like 5G suffer much greater loss than lower-frequency signals like 4G, thus have greater difficulty in reaching their intended destinations. This poses challenges for network connectivity and can serve as an obstacle to ensuring reliable communication. For this reason, 5G networks require more base stations than previous generations, and 5G smartphone terminals must incorporate higher-performance radio systems to ensure reliability and satisfaction.
MID antennas for 5G-compliant smartphones
XYRON™ grades for MID (molded interconnected device) antennas feature low dielectric permittivity, low loss tangent and high hydrolysis resistance. Simulation results indicate that the use of these materials in MID antennas can improve total efficiency by as much as 1 dB compared to the polycarbonate (PC) materials conventionally used for this purpose. This enables operation at higher frequencies and more advanced device functionality, alleviating design space constraints to facilitate.
Antenna covers for 5G base stations
Antenna covers – the outermost layers of antenna assemblies – require lightweight, weather-resistant materials with low dielectric permittivity to improve electromagnetic-wave transmissivity. To date, antenna covers have typically been made from PC or similar materials, which hinders dielectric properties. Asahi Kasei is currently developing a XYRON™ grade with low dielectric permittivity, as well as excellent hydrolysis and shock resistance that is available in all colors and is compliant with the UL94V-0 flame-retardance standard.
Asahi Kasei is also developing additional XYRON™ grades for various types of equipment covers, including grades with high weatherability, that resist color changes induced by prolonged light exposure.
RF cavity filters for 5G base stations
Base stations commonly incorporate large numbers of metal or ceramic radio frequency (RF) filters that increase system weight, leading to a more complicated installation and operating losses. The greater density of base stations required for 5G networks makes these factors even more important and creates an urgent demand for lighter-weight components.
XYRON™ grades for RF filters – specifically designed for applications to RF cavity filters in 5G base stations – offer high heat resistance, good plating properties, and low linear-expansion coefficients comparable to those of metallic materials, facilitating the industry’s transition to resin-based RF filters.
Recycled PET/PPE alloys for 5G smartphone terminal chassis
Remaining committed to developing innovative materials for sustainable societies, Asahi Kasei is also introducing recycled PET/PPE alloys, which allow bonding to metals, for 5G smartphone terminal chassis as a new addition to the XYRON™ family, especially for the Chinese, US, Indian and Japanese markets. The new recycled grades combine PPE with various recycled resins to yield more sustainable manufacturing without sacrificing the high performance of these unique materials.
The recycled PET/PPE alloys use approximately 40% post-consumer recycled resins – recovered from PET bottles and other items – while retaining excellent mechanical properties and lower dielectric properties than PBT and GF materials.
Asahi Kasei will exhibit its XYRON™ grades for 5G applications October 19-26 at the upcoming K 2022, “The World’s No. 1 Trade Show for Plastics and Rubber,” in Düsseldorf Germany (Hall 8a, Booth E23).
Learn more about Xyron’s 5G capabilities.
About Asahi Kasei
The Asahi Kasei Group contributes to life and living for people around the world. Since its foundation in 1922 with ammonia and cellulose fiber businesses, Asahi Kasei has consistently grown through the proactive transformation of its business portfolio to meet the evolving needs of every age. With more than 46,000 employees around the world, the company contributes to a sustainable society by providing solutions to the world's challenges through its three business sectors of Material, Homes, and Health Care. Its Materials sector, comprised of Environmental Solutions, Mobility & Industrial, and Life Innovation, includes a wide array of products from battery separators and biodegradable textiles to engineering plastics and sound solutions. For more information, visit www.asahi-kasei.com.
Asahi Kasei is also dedicated to sustainability initiatives and is contributing to reaching a carbon neutral society by 2050. To learn more, visit https://www.asahi-kasei.com/sustainability/.
Company Contact North America:
Asahi Kasei America, Inc.
Jon Todd
39475 W. Thirteen Mile Road, Suite 201, Novi, MI 48377
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Company Contact Europe:
Asahi Kasei Europe GmbH
Sebastian Schmidt
Fringsstrasse 17, 40221 Düsseldorf
Tel: +49 (0) 211-3399-2058
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DUBLIN--(BUSINESS WIRE)--The "Container Fleet Market Research Report by Type (Dry Container, Reefer Container, and Tank Container), End User, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.
The Global Container Fleet Market size was estimated at USD 21.61 billion in 2021, USD 23.78 billion in 2022, and is projected to grow at a CAGR 10.20% to reach USD 38.72 billion by 2027.
Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix evaluates and categorizes the vendors in the Container Fleet Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Global Container Fleet Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Container Fleet Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Container Fleet Market?
4. What is the competitive strategic window for opportunities in the Global Container Fleet Market?
5. What are the technology trends and regulatory frameworks in the Global Container Fleet Market?
6. What is the market share of the leading vendors in the Global Container Fleet Market?
7. What modes and strategic moves are considered suitable for entering the Global Container Fleet Market?
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/luij2h
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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ATLANTA--(BUSINESS WIRE)--Williams Industrial Services Group Inc. (NYSE American: WLMS) (“Williams” or the “Company”), an energy and industrial infrastructure services company, today announced that it has entered into a Master Service Agreement (“MSA”) with Eversource Energy (NYSE: ES), a major New England utility based in Hartford, CT effective September 16, 2022. The MSA covers natural gas pipeline services in Connecticut and other locations, as may be agreed upon, over a period of three years with a two-year optional extension. Specifically, Williams will be tasked with the installation, maintenance, repair and other services associated with the natural gas distribution systems covered under this agreement. Additional terms were not disclosed.
“I’m pleased to announce this multi-year contract with Eversource, an important step forward regarding our strategic decision to enter the critical transmission and distribution market,” said Tracy Pagliara, President and CEO of Williams. “This area is experiencing dynamic growth through substantial investments to upgrade and expand the national energy grid, funded by the major capital budgets of our utility customers and supplemented by future federal spending from the recently enacted Infrastructure Investment and Jobs Act. This contract will enhance Williams’ gross margin profile and overall performance in the coming quarters.”
About Williams
Williams Industrial Services Group has been safely helping plant owners and operators enhance asset value for more than 50 years. The Company is a leading provider of infrastructure related services to blue-chip customers in energy and industrial end markets, including a broad range of construction maintenance, modification, and support services. Williams’ mission is to be the preferred provider of construction, maintenance, and specialty services through commitment to superior safety performance, focus on innovation, and dedication to delivering unsurpassed value to its customers.
Additional information about Williams can be found on its website: www.wisgrp.com.
Forward-looking Statement Disclaimer
This press release contains “forward-looking statements” within the meaning of the term set forth in the Private Securities Litigation Reform Act of 1995. The forward-looking statements include statements or expectations regarding the Company’s ability to perform in accordance with guidance, build and diversify its backlog and convert backlog to revenue, realize opportunities, including receiving contract awards on outstanding bids and successfully pursuing future opportunities, benefit from potential growth in the Company’s end markets, including from increased infrastructure spending by the U.S. federal government, and successfully achieve its growth, strategic and business development initiatives, including decreasing the Company’s outstanding indebtedness, increasing shareholder returns, and managing working capital, future demand for the Company’s services, and expectations regarding future revenues, cash flow, and other related matters. These statements reflect the Company’s current views of future events and financial performance and are subject to a number of risks and uncertainties, including the Company’s level of indebtedness and ability to make payments on, and satisfy the financial and other covenants contained in, its amended debt facilities, as well as its ability to engage in certain transactions and activities due to limitations and covenants contained in such facilities; its ability to generate sufficient cash resources to continue funding operations, including investments in working capital required to support growth-related commitments that it makes to customers, and the possibility that it may be unable to obtain any additional funding as needed or incur losses from operations in the future; exposure to market risks from changes in interest rates; the Company’s ability to obtain adequate surety bonding and letters of credit; the Company’s ability to maintain effective internal control over financial reporting and disclosure controls and procedures; the Company’s ability to attract and retain qualified personnel, skilled workers, and key officers; failure to successfully implement or realize its business strategies, plans and objectives of management, and liquidity, operating and growth initiatives and opportunities, including any expansion into new markets and its ability to identify potential candidates for, and consummate, acquisition, disposition, or investment transactions; the loss of one or more of its significant customers; its competitive position; market outlook and trends in the Company’s industry, including the possibility of reduced investment in, or increased regulation of, nuclear power plants, declines in public infrastructure construction, and reductions in government funding; costs exceeding estimates the Company uses to set fixed-price contracts; harm to the Company’s reputation or profitability due to, among other things, internal operational issues, poor subcontractor performances or subcontractor insolvency; potential insolvency or financial distress of third parties, including customers and suppliers; the Company’s contract backlog and related amounts to be recognized as revenue; its ability to maintain its safety record, the risks of potential liability and adequacy of insurance; adverse changes in the Company’s relationships with suppliers, vendors, and subcontractors, including increases in cost, disruption of supply or shortage of labor, freight, equipment or supplies, including as a result of the COVID-19 pandemic; compliance with environmental, health, safety and other related laws and regulations, including those related to climate change; limitations or modifications to indemnification regulations of the U.S.; the Company’s expected financial condition, future cash flows, results of operations and future capital and other expenditures; the impact of unstable market and economic conditions on our business, financial condition and stock price, including inflationary cost pressures, supply chain disruptions and constraints, labor shortages, the effects of the Ukraine-Russia conflict and ongoing impact of COVID-19, and a possible recession; our ability to meet publicly announced guidance or other expectations about our business, key metrics and future operating results; the impact of the COVID-19 pandemic on the Company’s business, results of operations, financial condition, and cash flows, including global supply chain disruptions and the potential for additional COVID-19 cases to occur at the Company’s active or future job sites, which potentially could impact cost and labor availability; information technology vulnerabilities and cyberattacks on the Company’s networks; the Company’s failure to comply with applicable laws and regulations, including, but not limited to, those relating to privacy and anti-bribery; the Company’s ability to successfully implement its new enterprise resource planning (ERP) system; the Company’s participation in multiemployer pension plans; the impact of any disruptions resulting from the expiration of collective bargaining agreements; the impact of natural disasters, which may worsen or increase due to the effects of climate change, and other severe catastrophic events (such as the ongoing COVID-19 pandemic); the impact of corporate citizenship and environmental, social and governance matters; the impact of changes in tax regulations and laws, including future income tax payments and utilization of net operating loss and foreign tax credit carryforwards; volatility of the market price for the Company’s common stock; the Company’s ability to maintain its stock exchange listing; the effects of anti-takeover provisions in the Company’s organizational documents and Delaware law; the impact of future offerings or sales of the Company’s common stock on the market price of such stock; expected outcomes of legal or regulatory proceedings (whether claims made by or against the Company) and their anticipated effects on the Company’s results of operations; and any other statements regarding future growth, future cash needs, future operations, business plans and future financial results.
Other important factors that may cause actual results to differ materially from those expressed in the forward-looking statements are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, including the section of the Annual Report on Form 10-K for its 2021 fiscal year titled “Risk Factors.” Any forward-looking statement speaks only as of the date of this press release. Except as may be required by applicable law, the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, and you are cautioned not to rely upon them unduly.
Investor Contact:
Chris Witty
Darrow Associates
646-345-0998
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SINGAPORE--(BUSINESS WIRE)--Air Liquide, Chevron, Keppel Infrastructure, and PetroChina1 announced they have signed a memorandum of understanding to form a consortium which will aim to evaluate and advance the development of large-scale carbon capture, utilization, and sequestration (CCUS) solutions and integrated infrastructure in Singapore.
The consortium intends to research, test, and develop technological, logistical, and operational solutions for CCUS in Singapore. In doing so, the consortium will look to provide industry-wide CCUS integrated infrastructure, primarily to support the energy and chemicals sector, by capturing and aggregating carbon dioxide (CO2) from large industrial emitters at a centralized collection facility.
The CO2 could then be utilized to make useful products, such as plastics, fuels, and cement, and/or transported through either pipelines or ships to suitable reservoirs in the Asia Pacific region for sequestration via a process of injecting CO2 into deep underground geologic formations for permanent and secure storage.
Michele Gritti, vice president, Large Industries and Energy Transition, Air Liquide SEA Cluster, said: “Supporting the decarbonization of industry to help address the urgency of climate change is a priority. We are pleased to collaborate with Keppel Infrastructure, Chevron, and PetroChina in this decarbonization endeavor, leveraging our expertise and experience in carbon capture, purification, and liquefaction to build a comprehensive carbon capture decarbonization solution. In line with its Climate Objectives, Air Liquide is committed to support Singapore’s drive to achieve net-zero by 2050.”
Chris Powers, vice president, CCUS, Chevron New Energies, said: “Chevron believes the future of energy is lower carbon, and we are committed to advancing technologies and forming strategic relationships to make it happen. We look forward to working with like-minded collaborators to progress and advance the development of large-scale CCUS solutions in the Asia Pacific region for decades to come.”
Chua Yong Hwee, executive director (New Energy), Keppel Infrastructure, said: “Hard-to-abate sectors need to leverage technology and innovation to transit towards net zero CO2 emissions. Keppel Infrastructure is well-positioned to support efforts to decarbonize key sectors, given our experience as a leading developer, technology solutions provider and operator of energy and environmental infrastructure in Singapore and the region. In line with Keppel’s Vision, 2030, which places sustainability at the core of its strategy, our collaboration with Air Liquide, Chevron and PetroChina will enable us to take another step towards addressing Singapore’s needs for a low carbon economy.”
Li Shaolin, managing director of PetroChina International (Singapore), said: “There are various pathways to decarbonization, and CCUS has been identified as a strategic pathway to be thoroughly evaluated and developed. PetroChina is pleased to be part of this consortium with Air Liquide, Keppel Infrastructure and Chevron; a partnership that will leverage one another’s strengths, capabilities and respective ecosystems towards the advancement of large-scale CCUS solutions in Singapore. Participating in this initiative is our commitment to ensure harmony between the development of the energy industry and the environment, as we endeavor to make meaningful contributions towards Singapore’s goal of achieving Net Zero.”
______________________
1 Through Air Liquide Singapore Pte Ltd, Chevron New Venture Pte Ltd, Keppel Energy Ventures Pte Ltd, and PetroChina International (Singapore) Pte Ltd respectively.
About Air Liquide Singapore
Air Liquide Singapore (ALSg), a fully-owned subsidiary of Air Liquide Group, started its operations in 1911 and now employs close to 800 employees. With assets of more than S$1 billion, ALSg operates the largest network of air separation plants and gas production facilities, strategically located on 21 sites in Singapore. ALSg has come a long way since, partnering with diverse industry players to support the Singapore economy through a unique blend of advanced equipment, processes & systems, supported by a highly engaged and competent workforce.
For more information, please visit https://sg.airliquide.com/
About Keppel Infrastructure Holdings Pte Ltd
Keppel Infrastructure (KI) is a wholly-owned subsidiary of Keppel Corporation, a Singapore flagship multinational company providing solutions for sustainable urbanisation. KI provides solutions for some of the world’s most pressing challenges through its power & gas, environment and new energy businesses by leveraging its proprietary technology, strong technical expertise and proven operating capabilities.
KI has a track record of developing energy and environmental infrastructure end-to-end, including power generation assets, waste-to-energy (WTE) facilities, large-scale district cooling systems, as well as NEWater and desalination plants. In Singapore, it operates a 1,300-megawatt high efficiency gas-fired combined cycle power plant and a utility pipe rack and pipe line network in Jurong Island. It is also Singapore’s leading electricity retailer, and the first and largest district cooling systems developer and service provider. Globally, through Keppel Seghers, it is one of the leading WTE technology providers with more than 100 project references in 20 countries.
KI is expanding its presence, in Singapore and overseas, in areas such as power generation, waste management, district cooling, renewables and energy storage, electric vehicle charging infrastructure and other clean energy opportunities.
For more information, please visit www.kepinfra.com
About Chevron
Chevron (NYSE: CVX) is one of the world’s leading integrated energy companies. We believe affordable, reliable, and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We are focused on lowering the carbon intensity in our operations and growing lower carbon businesses along with our traditional business lines.
For more information, please visit www.chevron.com
About PetroChina
PetroChina is one of the major oil and gas producers and distributors in China, and also a significant player in the global oil and gas industry. We engage in a wide range of activities related to oil, natural gas and new energies and materials, with a strategic focus on innovation, sustainable resources, market alignment, internationalization, and green and low-carbon development. While our focus remains on our core business, and advancing our business strategies of reform and innovation, quality and profitability as well as corporate governance, we believe in maintaining a strong stewardship role towards the environment. As part of our commitment to the UN Sustainable Development Goals 2030, we will actively seize opportunities for low-carbon transformation, and accelerate the process of building up new capacities for green development. This will enable us to create, and share a cleaner, greener and brighter future with all our stakeholders.
For more information, please visit www.petrochina.com.cn/ptr/
CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This news release contains forward-looking statements relating to Chevron’s operations and energy transition plans that are based on management's current expectations, estimates and projections about the petroleum, chemicals and other energy-related industries. Words or phrases such as “anticipates,” “expects,” “intends,” “plans,” “targets,” “advances,” “commits,” “drives,” “aims,” “forecasts,” “projects,” “believes,” “approaches,” “seeks,” “schedules,” “estimates,” “positions,” “pursues,” “may,” “can,” “could,” “should,” “will,” “budgets,” “outlook,” “trends,” “guidance,” “focus,” “on track,” “goals,” “objectives,” “strategies,” “opportunities,” “poised,” “potential,” “ambitions,” “aspires” and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, many of which are beyond the company’s control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Unless legally required, Chevron undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are: changing crude oil and natural gas prices and demand for the company’s products, and production curtailments due to market conditions; crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries and other producing countries; technological advancements; changes to government policies in the countries in which the company operates; public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics, and any related government policies and actions; disruptions in the company’s global supply chain, including supply chain constraints and escalation of the cost of goods and services; changing economic, regulatory and political environments in the various countries in which the company operates; general domestic and international economic and political conditions, including the military conflict between Russia and Ukraine and the global response to such conflict; changing refining, marketing and chemicals margins; actions of competitors or regulators; timing of exploration expenses; timing of crude oil liftings; the competitiveness of alternate-energy sources or product substitutes; development of large carbon capture and offset markets; the results of operations and financial condition of the company’s suppliers, vendors, partners and equity affiliates, particularly during the COVID-19 pandemic; the inability or failure of the company’s joint-venture partners to fund their share of operations and development activities; the potential failure to achieve expected net production from existing and future crude oil and natural gas development projects; potential delays in the development, construction or start-up of planned projects; the potential disruption or interruption of the company’s operations due to war, accidents, political events, civil unrest, severe weather, cyber threats, terrorist acts, or other natural or human causes beyond the company’s control; the potential liability for remedial actions or assessments under existing or future environmental regulations and litigation; significant operational, investment or product changes undertaken or required by existing or future environmental statutes and regulations, including international agreements and national or regional legislation and regulatory measures to limit or reduce greenhouse gas emissions; the potential liability resulting from pending or future litigation; the company’s future acquisitions or dispositions of assets or shares or the delay or failure of such transactions to close based on required closing conditions; the potential for gains and losses from asset dispositions or impairments; government mandated sales, divestitures, recapitalizations, taxes and tax audits, tariffs, sanctions, changes in fiscal terms or restrictions on scope of company operations; foreign currency movements compared with the U.S. dollar; material reductions in corporate liquidity and access to debt markets; the receipt of required Board authorizations to implement capital allocation strategies, including future stock repurchase programs and dividend payments; the effects of changed accounting rules under generally accepted accounting principles promulgated by rule-setting bodies; the company’s ability to identify and mitigate the risks and hazards inherent in operating in the global energy industry; and the factors set forth under the heading “Risk Factors” on pages 20 through 25 of the company’s 2021 Annual Report on Form 10-K and in subsequent filings with the U.S. Securities and Exchange Commission. Other unpredictable or unknown factors not discussed in this news release could also have material adverse effects on forward-looking statements.
Air Liquide
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Debt conversion deal will unlock approximately $50M to support environmental and sustainable development actions, demonstrating the country's global leadership in financial innovation for conservation
ARLINGTON, Va.--(BUSINESS WIRE)--#landscapes--Today, The Nature Conservancy (TNC), the world’s leading conservation organization, announced an innovative financial deal that will enable the Government of Barbados to redirect a portion of its sovereign debt service into marine conservation funding in support of the nation’s commitment to conserve approximately 30% of its ocean and sustainably develop its blue economy.
This project is the most recent in TNC’s “Blue Bonds for Ocean Conservation” strategy, an ambitious plan to drastically scale up ocean conservation around the world. Barbados is the third country to partner with TNC on a Blue Bonds project after the Seychelles and Belize. The Blue Bonds for Ocean Conservation strategy is an innovative approach to work with governments on refinancing a portion of their sovereign debt, securing long-term sustainable financing for large scale protection and management of valuable natural resources that lives and livelihoods rely on. The Blue Bonds strategy combines conservation finance with TNC’s science and marine planning expertise to help governments unlock funds at a scale that delivers against their conservation goals while also supporting the well-being of their communities and economies. The strategy is aligned with global goals to protect 30% of the world’s ocean, lands and freshwater by 2030.
Despite the ocean contributing an estimated $3 trillion per year to global GDP, marine conservation continues to be the least funded of the United Nations' sustainable development goals—a missed economic, climate, and biodiversity opportunity.
“This climate crisis is one that requires the urgent action of all. While we continue to push and wait on the international community at large to treat to this situation as a matter of priority, we in Barbados have taken action of our own to combat its damaging effects,” said Barbadian Prime Minister Mia Mottley. “With the help of The Nature Conservancy and the Inter-American Development Bank, this Blue Bonds project will allow Barbados to secure and protect our marine environment, and also help us expand our Blue Economy, both of which are of critical importance to our people and our very way of life. Through this innovative debt conversion project, our Government will commit to protecting and effectively managing up to 30% of Barbados’ waters. In short, this is a game changer."
Funding marine conservation and climate change adaptation activities is a challenge for most countries, and especially for Small Island Developing States (SIDS) – or “Large Ocean States” – like Barbados, which relies heavily on marine resources. Barbados’ high debt burden had stifled the country’s efforts to invest in essential conservation and climate change adaptation activities which would allow its nature-based economy to thrive. The effects of COVID-19 on Barbados’s tourism-led economy were devastating, Further degradation of the country’s valuable marine and coastal environments due to severe storms – like Hurricane Elsa and another catastrophic ‘freak storm’ in 2021 – is likely to hamper the small island nation’s economy and coastal resilience. Barbados was determined to find new funding and capacity to enforce environmental laws and commitments, and expand protected areas.
“We believe that innovative debt transactions coupled with science and marine planning, like our Blue Bonds for Ocean Conservation strategy, can achieve protection and improved management of over 4 million square kilometers of the planet’s ocean—a 15% increase in the current amount of global marine protection,” said Jennifer Morris, CEO, The Nature Conservancy. “The Nature Conservancy pioneered this kind of approach in the marine space, and it is proving to be a powerful way to help governments achieve their conservation goals while supporting their economies and boosting resilience to the climate crisis.”
Through a new co-guarantee structure with a $50-million guarantee from TNC alongside a $100-million guarantee from the Inter-American Development Bank (IDB), Barbados completed a $150 million debt conversion that will facilitate the expansion of the country’s marine protected areas from virtually zero to approximately 30 percent, and improve management for all marine waters within its jurisdiction. This project is expected to free up approximately $50 million to support environmental and sustainable development actions in Barbados over the next 15 years, making both the country and the livelihoods of its people more resilient in the face of climate change.
IDB President Mauricio Claver-Carone said, “The IDB has been Barbados’ long-standing partner for its ambitious climate and biodiversity agenda. Our catalytic role in this transaction demonstrates our commitment at the IDB to offer innovative financial instruments and technical advisory that increase the resilience of the region. With our expertise in international green financing, the IDB is ready to mobilize additional funds to increase resources for countries to enhance their ambition and we remain at their side to support their efforts.”
Blue Bonds for Ocean Conservation: Turning Debt into Marine Protection
At the heart of a Blue Bonds project is a deal: a coastal or island nation commits to protecting approximately 30 percent or more of its ocean territory, including coral reefs, mangroves, fish spawning sites, and other important ocean habitats and species as determined from the completion of a holistic, participatory marine spatial planning process that uses the best available science for decision making. In support of that commitment, TNC works with the government and partners to allow governments to repurchase debt (often at a discount) and refinance it with more favorable interest rates and repayment terms. The resulting savings are then used to support new, planned and ongoing conservation work.
In the case of Barbados, the country worked with Credit Suisse, who acted as Global Lead Arranger, and CIBC FirstCaribbean, as Domestic Lead Arranger, to raise approximately $150 million through a dual currency term loan facility. This Blue Loan, which was partially funded via the issuance of Blue Bonds in the capital markets, funded the buyback of a portion of Barbados’ existing debt. With TNC and IDB each providing repayment guarantees on Barbados’ behalf, the new financing features a lower interest rate than the old debt, and 100% of the resulting cost savings will be channeled into marine conservation.
Using our scientific expertise, TNC has committed its support toward the completion of a participatory marine spatial plan (MSP) that will be led by the government and contribute to ongoing monitoring and effective management of the resulting protected areas.
Experience has proved that these debt conversions work: TNC’s 2016 project with the Republic of Seychelles allowed the country to devote $430,000 per year to marine conservation, resulting in the protection of 410,000km2 of ocean — an area equivalent to twice the size of Great Britain — as of 2020. In late 2021, TNC worked with Belize on a similar transaction in support of the country’s commitment to protect 30% of its ocean.
What this means for Barbados
Healthy marine environments are crucial for Barbados, whose national economy relies heavily on tourism. Barbados’ ocean is 430 times the size of its land area, and the sustainable development of the country’s Blue Economy is a top priority for the government. The tourism industry, which was heavily impacted by the COVID-19 crisis, contributes over 40% of the nation’s GDP and is responsible for roughly 40% of the country’s total employment.
Barbados’ coastal and marine resources face intense pressure from factors including overfishing, coastal overdevelopment, siltation, pollution from sewage and runoff. Climate change compounds localised issues and has resulted in land loss, beach erosion, and damage to reefs. Barbados is home to extensive coral reef ecosystems and is an important nesting site for critically endangered hawksbill and leatherback sea turtles.
While Blue Bonds projects generally share some common elements – a commitment to protect approximately 30 percent of a country’s waters, utilise marine spatial planning, sustainable financing – each project is tailored to address the specific needs and circumstances of the countries TNC works with. For example, the new TNC and IDB co-guarantee structure in the project’s transaction includes an innovative natural disaster debt deferment clause that Barbados pioneered and a new pandemic clause, both of which can help the country manage crises.
“The completion of this debt conversion is an innovative and progressive move for Barbados, as the country works to secure its future financially and environmentally and develop a sustainable blue economy,” said Dr. Sherry Constantine, Director of TNC's Eastern Caribbean Program. “This project has been uniquely tailored to help the government meet its national developmental aspirations while demonstrating global leadership in the fight to reduce biodiversity loss and tackle climate change. A major outcome of the project will be a comprehensive marine spatial plan that will improve management and governance of Barbados’ extensive ocean space, which is a win for nature and for all Barbadians.”
Many supporters made this project possible through years of effort, including: the Becht Foundation, Isdell Family Foundation, Lyda Hill Philanthropies, Oceans 5, MacKenzie Scott, TED Audacious Project, Jeff and Laurie Ubben, and the Wyss Foundation.
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The Nature Conservancy is a global conservation organization dedicated to conserving the lands and waters on which all life depends. Guided by science, we create innovative, on-the-ground solutions to our world's toughest challenges so that nature and people can thrive together. We are tackling climate change, conserving lands, waters and oceans at an unprecedented scale, providing food and water sustainably and helping make cities more sustainable. Working in 76 countries and territories: 37 by direct conservation impact and 39 through partners, we use a collaborative approach that engages local communities, governments, the private sector, and other partners. To learn more, visit www.nature.org or follow @nature_press on Twitter.
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DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced the recent upgrade by S&P Global Ratings (“S&P”) to the Company’s corporate credit rating.
On September 19, 2022, S&P upgraded Matador’s issuer credit rating from ‘B+’ to ‘BB-’. In its September 19, 2022 press release, S&P noted, “The upgrade to ‘BB-’ reflects Matador’s very strong credit measures, which are supported by its debt repayment and conservative financial policy.” More information regarding S&P’s upgrade of Matador may be found at www.spglobal.com/ratingsdirect.
Joseph Wm. Foran, Matador’s Chairman and CEO, commented, “We are very pleased with S&P’s upgrade to our corporate credit rating, which was Matador’s second such upgrade in as many weeks. As we previously announced, Moody’s upgraded Matador’s corporate family rating last week from ‘B1’ to ‘Ba3’. Matador’s credit ratings with S&P and Moody’s are now higher than the Company’s pre-pandemic credit ratings, which reflects our staff’s commitment to adding value to Matador by generating cash flow, paying down debt, improving capital efficiency and increasing production and reserves despite the difficult and challenging operating environment during the last two-and-a-half years. Matador is unquestionably a stronger company, both operationally and financially, than it was two years ago. Since the end of the third quarter of 2020, Matador has reduced its outstanding debt by $663 million or approximately 44% of our then total revolving debt and senior notes outstanding. Matador’s reserves-based revolving credit facility has been completely repaid, and Matador has repurchased $188 million of its outstanding senior notes in a series of open market transactions, reducing its outstanding bonds from $1.05 billion to $862 million at September 12, 2022. In addition, Matador’s production has increased by over 50% from 73,000 barrels of oil and natural gas equivalent per day in the third quarter of 2020 to nearly 111,000 barrels of oil and natural gas equivalent per day in the second quarter of 2022. We look forward to sharing our financial results, our operational progress and the growth in value of our oil and natural gas assets as well as our midstream business as part of our third quarter earnings release in late October.”
About Matador Resources Company
Matador is an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources in the United States, with an emphasis on oil and natural gas shale and other unconventional plays. Its current operations are focused primarily on the oil and liquids-rich portion of the Wolfcamp and Bone Spring plays in the Delaware Basin in Southeast New Mexico and West Texas. Matador also operates in the Eagle Ford shale play in South Texas and the Haynesville shale and Cotton Valley plays in Northwest Louisiana. Additionally, Matador conducts midstream operations in support of its exploration, development and production operations and provides natural gas processing, oil transportation services, natural gas, oil and produced water gathering services and produced water disposal services to third parties.
For more information, visit Matador Resources Company at www.matadorresources.com.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. “Forward-looking statements” are statements related to future, not past, events. Forward-looking statements are based on current expectations and include any statement that does not directly relate to a current or historical fact. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as “could,” “believe,” “would,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “should,” “continue,” “plan,” “predict,” “potential,” “project,” “hypothetical,” “forecasted” and similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Such forward-looking statements include, but are not limited to, statements about guidance, projected or forecasted financial and operating results, future liquidity, the payment of dividends, results in certain basins, objectives, project timing, expectations and intentions, regulatory and governmental actions and other statements that are not historical facts. Actual results and future events could differ materially from those anticipated in such statements, and such forward-looking statements may not prove to be accurate. These forward-looking statements involve certain risks and uncertainties, including, but not limited to, the following risks related to financial and operational performance: general economic conditions; the Company’s ability to execute its business plan, including whether its drilling program is successful; changes in oil, natural gas and natural gas liquids prices and the demand for oil, natural gas and natural gas liquids; its ability to replace reserves and efficiently develop current reserves; the operating results of the Company’s midstream’s oil, natural gas and water gathering and transportation systems, pipelines and facilities, the acquiring of third-party business and the drilling of any additional salt water disposal wells; costs of operations; delays and other difficulties related to producing oil, natural gas and natural gas liquids; delays and other difficulties related to regulatory and governmental approvals and restrictions; impact on the Company’s operations due to seismic events; availability of sufficient capital to execute its business plan, available borrowing capacity under its revolving credit facilities and otherwise; its ability to make acquisitions on economically acceptable terms; its ability to integrate acquisitions; the operating results of and the availability of any potential distributions from our joint ventures; weather and environmental conditions; the impact of the worldwide spread of the novel coronavirus, or COVID-19, on oil and natural gas demand, oil and natural gas prices and its business; and the other factors which could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. For further discussions of risks and uncertainties, you should refer to Matador’s filings with the Securities and Exchange Commission (“SEC”), including the “Risk Factors” section of Matador’s most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q. Matador undertakes no obligation to update these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by law, including the securities laws of the United States and the rules and regulations of the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.
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SAN FRANCISCO--(BUSINESS WIRE)--Stem (NYSE: STEM), a global leader in AI-driven clean energy solutions and services, today announced the appointment of Michael Carlson as its Chief Operating Officer.
A global business executive, Michael brings 30 years of experience in finance, technology, and operations management across multiple industries and specifically 20 years of energy expertise in leveraging technology to drive value through business transformation and grid modernization. At Stem, he will be responsible for the company’s day-to-day operations, program execution, deployment, and manufacturing, in addition to serving as a member of the senior executive leadership team.
Prior to joining Stem, Michael served as Vice President at Koch Engineered Solutions, where he defined and executed the Electric Technologies strategy with an emphasis on Operational Technology software solutions. He also spent more than 12 years at General Electric, Siemens, and ABB, where he was responsible for global software strategies and solutions, product management, and delivery services. Across these roles, he transformed software solutions using advanced technologies to digitalize operations for the energy grid.
“I am excited to have Michael Carlson join the Stem leadership team to further drive our business growth, operational excellence, and scale,” said John Carrington, CEO of Stem. “He brings a unique combination of executive leadership within private equity and globally leading Fortune 500 companies. His experience across multiple aspects of the energy sector, operations, and software domain expertise will help accelerate Stem’s success and further extend our leadership position. We look forward to seeing Michael continue his long track record of achievements here at Stem.”
“It is a privilege to join the Stem team and join the leadership in transforming the way energy is produced and consumed around the globe,” Carlson said. “Given Stem’s innovative and market-leading solutions, I am excited to be leading the operations team in delivering pioneering storage and renewable energy solutions that are changing our industry. The passionate and skilled team combined with the continued expansion of industry-leading solutions and services have created an unmatched capability that I am honored to be a part of, and I look forward to executing quickly on our deliverables.”
About Stem
Stem provides clean energy solutions and services designed to maximize the economic, environmental, and resiliency value of energy assets and portfolios. Stem’s leading AI-driven enterprise software platform, Athena® enables organizations to deploy and unlock value from clean energy assets at scale. Powerful applications, including AlsoEnergy’s PowerTrack, simplify and optimize asset management and connect an ecosystem of owners, developers, assets, and markets. Stem also offers integrated partner solutions to help improve returns across energy projects, including storage, solar, and EV fleet charging. For more information, visit www.stem.com.
Source: Stem, Inc.
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Amazon now has 202 renewable energy projects in North America, 117 in Europe, 57 in Asia and the Pacific, one in the Middle East, one in Africa, and its first project in South America
The total renewable energy projects enabled by Amazon will generate 50,000 gigawatt-hours (GWh) of clean energy—or enough to power 4.6 million U.S. homes each year
SEATTLE--(BUSINESS WIRE)--Amazon (NASDAQ: AMZN) announced that it is expanding its renewable energy portfolio globally, with an additional 2.7 gigawatts (GW) of clean energy capacity across 71 new renewable energy projects. This includes the company’s first renewable energy project in South America—a solar farm in Brazil—and its first solar farms in India and Poland. Once fully operational, Amazon’s global renewable energy portfolio will generate 50,000 gigawatt hours (GWh) of clean energy, which is the equivalent amount of electricity needed to power 4.6 million U.S. homes each year.
“We are bringing new wind and solar projects online to power our offices, fulfillment centers, data centers, and stores, which collectively serve millions of customers globally, and we are on a path to reach 100% renewable energy across our entire business by 2025,” said Adam Selipsky, CEO of Amazon Web Services. “Around the world, countries are looking to accelerate the transition to a clean energy economy, and continued investments like ours can help accelerate their journey as we all work together to mitigate the impacts of climate change.”
As the largest corporate purchaser of renewable energy globally, Amazon now has a total of 379 renewable energy projects across 21 countries, including 154 wind and solar farms and 225 rooftop solar projects, representing 18.5 GW of renewable energy capacity. By the end of 2021, the company had reached 85% renewable energy across its business.
Amazon continues to successfully enable projects in power grids around the world, including:
To help scale the benefits of investments in the renewable energy sector as it continues to grow, Amazon is also working through the Clean Energy Buyers Institute’s (CEBI) Beyond the Megawatt initiative to ensure the industry is maximizing the economic, environmental, and social impact of energy procurement.
“As a key leader in the CEBA community, Amazon continues to demonstrate that when it commits to a vision, it drives a pace and scale that’s a new bar to follow,” said Miranda Ballentine, CEO of Clean Energy Buyers Association (CEBA) and Clean Energy Buyers Institute (CEBI). “Amazon also continues to be a leader in not only deploying today’s clean energy procurement tools at scale, but also in leading its community of peers and partners in developing tomorrow’s clean energy solutions—whether that’s focusing on ensuring renewables have sustainable supply chains or expanding the impact of clean energy through next generation procurement tools.”
“With its landmark solar projects announced in Poland and France, Amazon has taken crucial steps towards its net-zero pledge, while supporting Europe’s own climate goals,” said Walburga Hemetsberger, CEO of SolarPower Europe, founding partner of the RE-Source Platform. “As Europe faces skyrocketing energy prices, solar and renewable energy deals will strengthen Amazon’s strategic resilience—we hope to see more companies follow Amazon’s lead.”
Amazon co-founded The Climate Pledge in 2019, committing to reach net-zero carbon by 2040—10 years ahead of the Paris Agreement. The Pledge now has more than 375 signatories, including Best Buy, IBM, Microsoft, PepsiCo, Siemens, Unilever, Verizon, and Visa. Amazon has also ordered 100,000 electric delivery vehicles, the largest order ever of electric delivery vehicles, and has started to roll them out across the U.S. The company is also investing $2 billion in the development of decarbonizing services and solutions through The Climate Pledge Fund. For more information, visit https://sustainability.aboutamazon.com/.
About Amazon
Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth’s Most Customer-Centric Company, Earth’s Best Employer, and Earth’s Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology, Amazon Studios, and The Climate Pledge are some of the things pioneered by Amazon. For more information, visit amazon.com/about and follow @AmazonNews.
About Amazon Web Services
For over 15 years, Amazon Web Services has been the world’s most comprehensive and broadly adopted cloud offering. AWS has been continually expanding its services to support virtually any cloud workload, and it now has more than 200 fully featured services for compute, storage, databases, networking, analytics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, virtual and augmented reality (VR and AR), media, and application development, deployment, and management from 87 Availability Zones within 27 geographic regions, with announced plans for 21 more Availability Zones and seven more AWS Regions in Australia, Canada, India, Israel, New Zealand, Spain, and Switzerland. Millions of customers—including the fastest-growing startups, largest enterprises, and leading government agencies—trust AWS to power their infrastructure, become more agile, and lower costs. To learn more about AWS, visit aws.amazon.com.
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Units Will Provide Clean, Reliable Power at Numerous Remote Site
LOS ANGELES--(BUSINESS WIRE)--$CGRN #Biogas--Capstone Green Energy Corporation (NASDAQ: CGRN), a global leader in carbon reduction and on-site resilient green energy solutions, announced today that E-Finity Distributed Generation, Capstone's exclusive distributor for the Mid-Atlantic, Southeastern United States and the Caribbean, has secured an order for 5 C65 microturbine systems to be deployed at various oil and gas wellhead sites in the Marcellus Shale region. The systems represent a second follow-on order from the customer and will be added to an already extensive fleet.
"As emissions requirements become more stringent and more widespread, many global energy companies are rising to the challenge and taking action to reduce their environmental impact without sacrificing reliability," said Darren Jamison, Chief Executive Officer of Capstone Green Energy. "Customers such as this one can easily appreciate all the environmental and cost saving benefits of a having a Capstone Green Energy solution once they experience it firsthand, and that shows in the investment they're making to convert their fleet to this greener, more reliable way of generating on-site energy."
Once commissioned in the second quarter of 2023, the natural gas-fueled microturbine systems will provide continuous prime power for various sites across the Marcellus reserve, providing the electrical power required to operate equipment at the wellhead, metering, and dehydration sites. The dual-mode 65 kilowatt (kW) microturbines will allow the customer to generate power from production gas for on-site power delivering lower operational costs and reducing site emissions.
"One follow-on order from a customer is a good indication of satisfaction with our technology and service. A second follow-on shows that we have certainly earned the customer's full faith that we deliver on our promises of reliability and lower emissions," said Jeff Beiter, President of E-Finity Distributed Generation. "These critical power applications are located throughout the remote, harsh weather conditions of the Appalachian region and we are delivering power when and where it is needed."
About Capstone Green Energy
Capstone Green Energy (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 Generation Technologies (EGT) 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 Solutions (ESS) business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen & Sustainable Products (H2S), Capstone Green Energy offers customers a variety of hydrogen products, including the Company's microturbine energy systems.
To date, Capstone has shipped over 10,000 units to 83 countries and estimates that in FY22, it saved customers over $213 million in annual energy costs and approximately 388,000 tons of carbon. Total savings over the last four years are estimated to be approximately $911 million in energy savings and approximately 1,503,100 tons of carbon savings.
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..
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 the Company's target for growth of its rental fleet 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 sufficiency of the Company's working capital to meet its rental fleet growth target; 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 departures and other changes in management and other key employees. 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.
SOURCE: Capstone Green Energy Corporation
Capstone Green Energy
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