DUBLIN--(BUSINESS WIRE)--The "Sonar Systems Market Research Report by Product, Technology, Solution, Platform, Frequency, Installation, Application, End User, Region - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.
The Global Sonar Systems Market size was estimated at USD 6,121.22 million in 2021, USD 6,609.70 million in 2022, and is projected to grow at a CAGR 8.23% to reach USD 9,841.10 million 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 Sonar Systems 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 Sonar Systems Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Sonar Systems Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Sonar Systems Market?
4. What is the competitive strategic window for opportunities in the Global Sonar Systems Market?
5. What are the technology trends and regulatory frameworks in the Global Sonar Systems Market?
6. What is the market share of the leading vendors in the Global Sonar Systems Market?
7. What modes and strategic moves are considered suitable for entering the Global Sonar Systems Market?
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/7mjfpa
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (the “Partnership”) today announced that its 2021 Schedule K-3 reflecting items of international tax relevance is available online. Unitholders requiring this information may access their Schedule K-3 at www.taxpackagesupport.com/globalpartners.
A limited number of unitholders (primarily foreign unitholders, unitholders computing a foreign tax credit on their tax return and certain corporate and/or partnership unitholders) may need the detailed information disclosed on Schedule K-3 for their specific reporting requirements. To the extent Schedule K-3 is applicable to your federal income tax return filing needs, the Partnership encourages you to review the information contained on this form and refer to the appropriate federal laws and guidance or consult with your tax advisor.
The Partnership is not planning to mail copies of the Schedule K-3 to investors. To receive an electronic copy of your Schedule K-3 via email, unitholders may call Tax Package Support toll free at (866) 867-4075.
About Global Partners LP
With approximately 1,700 locations primarily in the Northeast, Global Partners is one of the region’s largest independent owners, suppliers and operators of gasoline stations and convenience stores. Global also owns, controls or has access to one of the largest terminal networks in New England and New York, through which it distributes gasoline, distillates, residual oil and renewable fuels to wholesalers, retailers and commercial customers. In addition, Global engages in the transportation of petroleum products and renewable fuels by rail from the mid-continental U.S. and Canada. Global, a master limited partnership, trades on the New York Stock Exchange under the ticker symbol “GLP.” For additional information, visit www.globalp.com.
Gregory B. Hanson
Chief Financial Officer
Global Partners LP
(781) 894-8800
Sean T. Geary
Chief Legal Officer and Secretary
Global Partners LP
(781) 894-8800
DHAHRAN, Saudi Arabia--(BUSINESS WIRE)--National Energy Services Reunited Corp. ("NESR" or "the Company") (NASDAQ:NESR)(NASDAQ:NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa ("MENA") region, has announced that the company has been awarded a long term contract for Directional Drilling services in the Kingdom of Saudi Arabia, covering Directional Drilling ("DD"), Measurement while Drilling ("MWD"), Performance Drilling, Well Engineering and Logging While Drilling ("LWD") services for up to four years starting with immediate effect.
This award reflects the culmination of several years of research and development investment in several field trials to demonstrate NESR's ability to drill and deliver vertical and directional wellbores in record times with leading-edge technologies. Over the last year, NESR's successful partnership with Phoenix Technology Services (PHX Energy Service Corp. or "PHX") has led to several DD records across several fields which have saved significant drilling time for customers. This award also provides NESR the platform for the introduction of next generation technologies in the drilling and measurement spheres which the Company anticipates introducing over the course of this contract.
NESR CEO & Chairman Sherif Foda commented, "These awards represent a major milestone in our growth strategy to establish NESR as one of the major players in the Directional Drilling market and paves the way to introduce our next gen technologies which enable our customers to get access to best in class technologies being adopted globally. We are very proud of our partnership with John Hooks and PHX for their highly differentiated Velocity MWD system and Atlas motors which along with our Well Engineering capabilities have led us to showcase to our customers what can be achieved in terms of drilling efficiencies that have exceeded or met field standards in a large majority of our runs. I would like to thank our valued customers for their trust in our R&D and service delivery platform, particularly in this technologically sophisticated realm of the OFS market, where NESR is focusing on its innovative model of importation of global partnership technologies into MEA, investments in technology companies globally with the aim of jump starting our local engineering and manufacturing investments as we plan for our future state-of-the-art facility in the King Salman Energy Park "SPARK."
About National Energy Services Reunited Corp.
Founded in 2017, NESR is one of the largest national oilfield services providers in the MENA and Asia Pacific regions. With over 5,000 employees, representing more than 60 nationalities in over 15 countries, the Company helps its customers unlock the full potential of their reservoirs by providing Production Services such as Hydraulic Fracturing, Cementing, Coiled Tubing, Filtration, Completions, Stimulation, Pumping and Nitrogen Services. The Company also helps its customers to access their reservoirs in a smarter and faster manner by providing Drilling and Evaluation Services such as Drilling Downhole Tools, Directional Drilling, Fishing Tools, Testing Services, Wireline, Slickline, Drilling Fluids and Rig Services.
Forward-Looking Statements
This communication contains forward-looking statements (as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended). Any and all statements contained in this communication that are not statements of historical fact may be deemed forward-looking statements. Terms such as "may," "might," "would," "should," "could," "project," "estimate," "predict," "potential," "strategy," "anticipate," "attempt," "develop," "plan," "help," "believe," "continue," "intend," "expect," "future," and terms of similar import (including the negative of any of these terms) may identify forward-looking statements. However, not all forward-looking statements may contain one or more of these identifying terms. Forward-looking statements in this communication may include, without limitation, statements regarding the potential scope and timing of the financial restatement, plans and objectives of management for future operations, projections of income or loss, earnings or loss per share, capital expenditures, dividends, capital structure or other financial items, the Company's future financial performance, expansion plans and opportunities, and the assumptions underlying or relating to any such statement.
The forward-looking statements are not meant to predict or guarantee actual results, performance, events or circumstances and may not be realized because they are based upon the Company's current projections, plans, objectives, beliefs, expectations, estimates and assumptions and are subject to a number of risks and uncertainties and other influences, many of which the Company has no control over. Actual results and the timing of certain events and circumstances may differ materially from those described by the forward-looking statements as a result of these risks and uncertainties. Factors that may influence or contribute to the accuracy of the forward-looking statements or cause actual results to differ materially from expected or desired results may include, without limitation: the amount, scope and timing of any financial restatement that may be required, information that may be discovered in the course of the Company's completion of the reconciliations of its financial results and related analysis; the ability to recognize the anticipated benefits of the Company's recent business combination transaction, which may be affected by, among other things, the price of oil, natural gas, natural gas liquids, competition, the Company's ability to integrate the businesses acquired and the ability of the combined business to grow and manage growth profitably; integration costs related to the Company's recent business combination; estimates of the Company's future revenue, expenses, capital requirements and the Company's need for financing; the risk of legal complaints and proceedings and government investigations; the Company's financial performance; success in retaining or recruiting, or changes required in, the Company's officers, key employees or directors; current and future government regulations; developments relating to the Company's competitors; changes in applicable laws or regulations; the possibility that the Company may be adversely affected by other economic and market conditions, political disturbances, war, terrorist acts, international currency fluctuations, business and/or competitive factors; and other risks and uncertainties set forth in the Company's most recent Annual Report on Form 20-F filed with the Securities and Exchange Commission (the "SEC").
You are cautioned not to place undue reliance on forward-looking statements because of the risks and uncertainties related to them and to the risk factors. The Company disclaims any obligation to update the forward-looking statements contained in this communication to reflect any new information or future events or circumstances or otherwise, except as required by law. You should read this communication in conjunction with other documents which the Company may file or furnish from time to time with the SEC.
For inquiries regarding NESR, please contact:
Blake Gendron - VP Investor Relations & Business Development
National Energy Services Reunited Corp.
832-925-3777
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DUBLIN--(BUSINESS WIRE)--The "Biogas Market Intelligence Report - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The Global Biogas Market is projected to reach USD 63.55 billion by 2027 from USD 38.97 billion in 2021, at a CAGR 8.49% during the forecast period.
Market Statistics:
The report provides market sizing and forecast across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF. It helps organization leaders make better decisions when currency exchange data is readily available.
In this report, the years 2019 and 2020 are considered as historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered as the forecast period.
Market Segmentation & Coverage:
The report on biogas identifies key attributes about the customer to define the potential market and identify different needs across the industry. Understanding the potential customer group's economies and geographies can help gain business acumen for better strategic decision-making.
This market coverage across different industry verticals reveals the hidden truth about the players' strategies in different verticals and helps the organization decide target audience. This report gives you the composite view of sub-markets coupled with comprehensive industry coverage and provides you with the right way of accounting factors such as norms & regulations, culture, to make right coverage strategy for your market plan.
This research report categorizes the biogas to forecast the revenues and analyze the trends in each of the following sub-markets:
Plant Type:
Digesters:
Source:
Application:
Region:
Company Usability Profiles:
For more information about this report visit https://www.researchandmarkets.com/r/75jwe1
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Signals the accelerated deployment of Energy Vault’s gravity energy storage technology as the core energy storage technology for the five national zero carbon industrial parks announced by EIPC and CNTY in China
LUGANO, Switzerland & WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault"), a leader in sustainable, grid-scale energy storage solutions, today announced further development for the EVx gravity energy storage platform in China. Specifically, a mandate has been issued announcing an initial 2-gigawatt hour (2 GWh) gravity energy storage project and the deployment of Energy Vault’s Energy Resiliency Centers (ERC’s) at the zero carbon industrial parks in China that will deploy Energy Vault’s EVx™ gravity energy storage technology.
In partnership with Atlas Renewable, EIPC (a policy oriented supporting organization (NGO) of the Investment Association of China), in conjunction with China Tianying (CHINA SHG: CNTY) and selected provincial and local governments, will develop five national zero carbon industrial parks, some of which will be built in previously underserved economic regions throughout China. The parks will utilize Energy Vault’s gravity energy storage technology and its Energy Management Software platform to support China’s mandated climate change and environmental policy: Carbon Peak in 2030 and Carbon Neutrality in 2060 – commonly referred to as “30-60.” The intention of the zero carbon industrial parks and deployments of Energy Vaults’ EVx platform is to support the acceleration of China’s progress toward their “30-60” goals.
As previously announced in February 2022, Energy Vault and Atlas Renewable signed a licensing and royalty agreement for the deployment of Energy Vault’s gravity energy storage technology in China which followed a $50 million equity investment into the company as part of the IPO earlier this year on the New York Stock Exchange (NYSE). The companies immediately commenced the construction of a first 25 megawatt (MW), 100 MWh system outside Shanghai in the province of Rudong, which broke ground in March 2022 earlier this year.
The first announced site has been confirmed for a 2 GWh system supporting the local industrial development in association with the Tong Liao Municipal People’s Government located in Inner Mongolia which has a significant indigenous minority population. This agreement is a major step forward to support China’s new Gobi Desert Renewable Initiative announced in March 2022 and broad economic development goals, including enabling economic prosperity in underserved areas in alignment with China’s energy and economic policy in the Gobi Desert.
“This mandate demonstrates a strong endorsement and demand for the deployment of our gravity energy storage technology throughout China to help them execute their transition to clean energy and to meet their decarbonization goals,” said Robert Piconi, Chairman and Chief Executive Officer, Energy Vault. “Together with Atlas Renewable, CNTY and the EIPC, we are making significant progress ahead of our original plans on the deployment of the first 100 MWh EVx system to support grid resiliency and delivery of renewable energy to the Chinese national grid, as well as additional development and deployment of additional EVx systems in China as this announcement demonstrates. We look forward to further deployment of our gravity and energy management software technology throughout China under this mandate.”
China Tianying Chairman Yan Shengjun remarked: “We have forged a strong partnership with Energy Vault at the leadership level and in several technical areas and are contributing to expand the local supply chain and other areas of efficiency at our first 25 MW, 100 MWh commercial scale system in Rudong. This will allow for additional improvements in constructability and capital cost optimization for all projects that Energy Vault and CNTY will collaborate on in the future, both in China and as a part of Energy Vault’s other regional expansions. We are grateful for our selection by a remarkable visionary, Robert Piconi and Energy Vault, to work on contributing our efforts to the great national policy of 30-60 for what it means to our homeland and the world.”
Mr. Zhang Jie, General Secretary of EIPC, stated: “EIPC is fulfilling its role as a resource for all parties, domestic and foreign, to actively pursue the goals of 30-60 that have additional benefits for enabling economic development goals.”
Atlas Renewable, CEO Eric Fang added: “China understands that its investment in producing renewable power must be balanced with the ongoing costs of producing that power and the critical need to store renewable power. Losing electrical power between production and consumption represents the fundamental challenge to address: estimates range from 6-10% national power loss in transmission and competition to access the grid. Energy Vault solves several critical issues in electrical power management by utilizing its gravity storage technology along with its AI software orchestration solutions that help with economic dispatching of power and power grid efficiency.”
Atlas Renewable Chairman Neil Bush remarked: “Intermittency is a key challenge in the transition to renewable energy. China’s commitment to deploy Energy Vault’s innovative gravity storage solution and the collaboration between the technical teams in building the first EVx resilience center is evidence of a global collaboration that should be modeled in addressing climate change.”
About Energy Vault
Energy Vault develops and deploys sustainable energy storage solutions designed to transform the world’s approach to utility-scale energy storage in realizing decarbonization while maintaining grid resiliency. The company’s proprietary gravity-based energy storage technology, battery storage technology, and energy storage management and integration platform are intended to help utilities, independent power producers and large industrial energy users significantly reduce their levelized cost of energy while maintaining power reliability. Utilizing eco-friendly materials with the ability to integrate waste materials for beneficial re-use, Energy Vault is facilitating the shift to a circular economy while accelerating the clean energy transition for its customers. For additional information, please visit: www.energyvault.com.
Forward-Looking Statements
This press release contains forward-looking statements that involve risks, uncertainties, and assumptions including statements regarding Energy Vault’s future expansion, deployments and capabilities. There are a significant number of factors that could cause actual results to differ materially from the statements made in this press release, including: risks related to the deployment of Energy Vault’s energy management software the projects announced in this press release, risks related to Energy Vault’s ability to supply equipment, engineering, procurement, construction and balance of plant services for the projects announced in this press release, the fact that the project is the first such deployment for Energy Vault and as a result, there could be unforeseen issues with the system, the ability to meet milestones in order to receive payments, unforeseen delays in the projects announced in this press release, whether these projects will be constructed on time or whether they will operate as planned, developments and changes in the general market, the continuing impact of COVID-19, political, economic, and business conditions, and the impact of competing technologies on demand for battery powered projects. Additional risks and uncertainties that could affect our financial results are included under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Quarterly Report on Form 10-Q for the quarter ended June 30, 2022, filed with the SEC on August 8, 2022, which is available on our website at investors.energyvault.com and on the SEC's website at www.sec.gov. Additional information will also be set forth in other filings that we make with the SEC from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made, except as required by applicable law.
Energy Vault:
Investors
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COLUMBUS, Ind.--(BUSINESS WIRE)--It’s in the DNA of Cummins Inc. (NYSE: CMI) to solve problems, and the reality of food deserts in communities across the nation is one that has its attention. Through Cummins Advocating for Racial Equity (CARE), the company has committed $800,000 in transformational grant funding to develop and launch mobile grocery markets. With these markets, CARE is taking action to combat the impact of food deserts in Indianapolis, Indiana; Jamestown, New York, Charleston, South Carolina; Nashville, Tennessee; Minneapolis, Minnesota; and Rocky Mount, North Carolina.
The United States is one of the richest nations in the world, yet about 10.5%, or 13.8 million Americans experience food insecurity, which is the state of being without reliable access to a sufficient quantity of affordable, nutritious food. According to the U.S. Department of Agriculture (USDA) about 19 million Americans or 33%, live in a food desert, which the USDA defines as living more than one mile away from a supermarket for urban areas, or greater than 10 miles for rural areas. In communities of color and low-income areas, many residents don’t have cars, and in many cases lack reliable public transportation. Additionally, many urban communities have small neighborhood stores in a reasonable distance, however, residents pay up to 37% more than suburban communities where residents have access to traditional supermarkets.
A mobile grocery provides healthy food options by modifying school buses, city buses, large vans, trucks, etc. that can house healthy food options and transport them to needed neighborhoods. Mobile grocery markets are often run by local organizations and/or community members, which circulate revenue within the local economy and can serve as a catalyst for other businesses and investments in the neighborhoods. Additionally, the mobility allows outreach to multiple neighborhoods and can be more effective than storefronts.
Within six CARE communities, Cummins Involvement Teams (CIT) are working closely with the following local partners to support mobile grocery efforts and drive impacts:
CARE will continue monitoring and evaluating the progress of the mobile grocery markets to explore future partnerships. These efforts will ultimately drive improvements in equity, economic stability, sustainability and access, as these current communities pave the way.
About Cummins Inc.
Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products range from diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, batteries, electrified power systems, hydrogen generation and fuel cell products. Headquartered in Columbus, Indiana since its founding in 1919, Cummins employs approximately 59,900 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $2.1 billion on sales of $24 billion in 2021.
In 2020, Cummins introduced CARE: Cummins Advocating for Racial Equity, a U.S. strategic community initiative focused on dismantling institutional racism and creating system equity. CARE is working in four specific areas: police reform, criminal justice reform, economic empowerment, and social justice reform. Cummins is committed to the kind of long-term approach necessary to effectively address issues like institutional racism and systemic inequities.
Learn more at cummins.com.
Olivia Scott
Cummins Inc.
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CLEVELAND & WASHINGTON--(BUSINESS WIRE)--Today, private aviation investment firm Directional Aviation is making a financial investment in Alder Fuels, a clean tech developer and greencrude producer. As part of the agreement, the two companies also will pilot a pioneering blockchain-powered transparency tool to document the production life cycle and industry adoption of low-carbon SAF. The state-of-the-art tool will assist with transparency around the production of SAF and provide robust documentation for compliance with regulatory programs, environment, social and governance (ESG) targets and carbon reduction milestones for the aviation sector.
Alder Fuels uses sustainable biomass, such as regenerative grasses, forest residues and agricultural waste products, to create a low-carbon to carbon-negative greencrude that can be converted into SAF using existing bio and petroleum refinery infrastructure. In contrast to first-generation SAF, which was generated primarily from non-scalable supplies of fats, oils and grease, these biomass sources are abundantly available, and, when repurposed, can contribute to soil regeneration and wildfire mitigation.
When calculating the fuel production carbon life cycle from field to wingtip across different biomass sources, AGC-derived SAF can achieve greenhouse gas reductions of over 80 percent compared to petroleum jet fuel. The process, which has been validated by the Department of Energy’s National Renewable Laboratory (NREL), could even be carbon negative when utilizing regenerative crops. AGC-derived SAF will meet current aviation specifications and is currently in the process of global certification as a 100 percent drop-in replacement for petroleum-based jet fuel. As part of the agreement, Flexjet will become the first business aviation user of this SAF.
“Our investment in Alder Fuels and partnership on advancing the use of digital technology to document SAF use is an example of private aviation leading the way on sustainability commitments and identifying solutions to reduce carbon emissions that aid the entire aviation industry,” said Kenneth C. Ricci, Principal, Directional Aviation.
“As we make the transition from fossil to sustainable energy throughout our economy, transparency is critical. It is how we engender trust and integrity to strengthen the adoption curve – and that is exactly what we are working towards at Alder Fuels,” said Bryan Sherbacow, Chief Executive Officer and President of Alder Fuels. “This partnership will demonstrate exactly how fuel is sourced, developed and deployed – from the sustainable biomass provider to the wingtip. We are thrilled to test and trial the technology against our offtake agreement with Flexjet and are incredibly grateful to Directional Aviation for their financial support and industry leadership.”
4AIR and Alder will align the use of blockchain technology tools to account for all the emission claims from the use of the SAF, generating the necessary records and transparency for compliance with regulatory frameworks, ESG standards and other sustainability commitments. This application of digital technology for the aviation sector has enormous potential. Public blockchains represent a groundbreaking technological platform for documenting supply chains and recording physical asset ownership. They also can be deployed to help verify and validate the supply chain and emissions outputs of renewable fuels. For example, they can enhance the book-and-claim model of SAF use, a practice where a sustainability claim made by a company or customer is separated from the physical flow of these goods.
“Our goal at 4AIR is to make sustainability as simple and cost-effective as possible in order to promote its growth,” said Kennedy Ricci, 4AIR’s president. “The use of blockchain technology to transparently and permanently record the use of sustainable aviation fuel is an innovative application that will help users with regulatory and voluntary compliance and provide greater transparency about SAF’s benefits as a way to reduce climate-changing aircraft carbon emissions.”
Through this partnership between Directional and Alder Fuels, Flexjet will be the first business aviation offtake partner for AGC, advancing Flexjet towards its goal of having 12 percent of its annual fuel consumption come from SAF by 2030.
“Flexjet has achieved carbon-neutral flight operations for the past two years, purchasing credits to offset emissions from all flights booked by our aircraft Owners worldwide,” said Flexjet Chief Executive Officer Michael Silvestro. “However, we have wanted to take the next step, not merely offsetting emissions but actually reducing them directly in our operations by taking tangible steps today. The use of SAF produced with Alder’s cutting edge greencrude will help us achieve this goal, maintaining our leadership on aviation sustainability, and the transparency tool developed by Alder Fuels and 4AIR will serve as a real-world proof of concept.”
Recognizing the scaling up of SAF is critical to meeting such aggressive climate goals, the White House launched the “SAF Grand Challenge,” with goals of having 3 billion gallons of SAF produced in the U.S. by 2030, augmenting to 35 billion gallons by 2050. The recent passage of the Inflation Reduction Act into law amplifies the U.S. commitment to SAF by providing tax credits for every gallon produced that demonstrates a 50 percent or greater lifecycle greenhouse gas emissions reduction relative to petroleum jet fuel.
About Directional Aviation
Directional Aviation is a private investment firm whose singular focus is private business aviation. Directional’s OneSky Flight portfolio of private jet travel providers includes shared/fractional jet ownership, jet card, membership, on-demand charter and vertical lift providers. Industry leaders representing MRO, private jet remanufacturing, aviation parts distribution and more also make up the Directional family. Directional Aviation is charting the course of private aviation, worldwide. For more information, visit www.directionalaviation.com.
About Alder Fuels
Alder Fuels is powering the global clean energy transformation and race to net zero through the conversion of natural biomass into low-carbon to carbon-negative Alder Greencrude (AGC). This greencrude can then be converted into sustainable aviation fuel (SAF), other low-carbon fuels, and chemicals using existing global refinery equipment and infrastructure. Bryan Sherbacow, Alder Fuels President & CEO, has a proven record for the development and commercial deployment of novel technology, including the world’s first refinery designed to produce renewable jet and military-grade fuels. Alder Fuels is backed by Honeywell UOP, United Ventures, AvFuel, and Boeing and its technology has been validated by the U.S. Defense Logistics Agency, the Department of Energy (DOE), and the National Renewable Energy Laboratory (NREL). For more information, visit http://www.alderfuels.com/.
About 4AIR
4AIR is an industry pioneer offering sustainability solutions beyond just simple carbon neutrality. Its industry-first framework seeks to address climate impacts of all types and provides a simplified and verifiable path for private aviation industry participants to achieve meaningful aircraft emissions counteraction and reduction. The 4AIR framework offers four levels, each with specific, science-based goals, independently verified results and progressively greater impacts on sustainability that make it easy for private aviation users to pursue sustainability through access to carbon markets, use of Sustainable Aviation Fuel, support for new technologies and other strategies. For more information, visit us at www.4air.aero.
About Flexjet
Flexjet first entered the fractional jet ownership market in 1995. Flexjet offers fractional jet ownership and leasing. Its fractional aircraft program is the first in the world to be recognized as achieving the Air Charter Safety Foundation’s Industry Audit Standard, is the first and only company to be honored with 23 FAA Diamond Awards for Excellence, upholds an ARG/US Platinum Safety Rating, a 4AIR Bronze Sustainable Rating and is IS-BAO compliant at Level 2. In 2015, Flexjet introduced Red Label by Flexjet, which features the most modern fleet in the industry, flight crews dedicated to a single aircraft and the LXi Cabin Collection of interiors. To date there are more than 40 different interior designs across its fleet, which includes the Embraer Phenom 300 and Praetor 500, Bombardier Challenger 350, the Gulfstream G450 and G650. Flexjet’s European fleet includes the Embraer Praetor 600 and the Gulfstream G650. Flexjet’s private helicopter division sells fractional, lease, and on-demand charter access to its fleet of owned and operated Sikorsky S-76 private helicopters serving locations throughout the Northeastern United States and Florida. Flexjet is a member of the Directional Aviation family of companies. For more details on innovative programs and flexible offerings, visit www.flexjet.com or follow us on Twitter @Flexjet and on Instagram @FlexjetLLC.
For Directional Aviation, Flexjet and 4AIR:
Nicholas Parmelee, The Hubbell Group, Inc.
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781-210-5027
For Alder Fuels:
Ian Plunkett, Alder Fuels
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202-751-9338
DUBLIN--(BUSINESS WIRE)--The "Hydrogen Fuel Cell Market, By Product Type, By Vehicle Type, By Technology Type, By Application, By End-Use, and By Region Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The global Hydrogen Fuel Cell market was valued at USD 14.72 Billion in 2021 and is projected to grow at a CAGR of 21.2% from 2021 to reach USD 80.48 Billion by the year 2030.
The main advantage of fuel cells over other power generation technologies is that they are very efficient, with most of the energy in the hydrogen being converted to electricity. Fuel cells also have a much lower environmental impact than other power generation technologies, as they do not produce any emissions of greenhouse gases or air pollutants.
The rising concerns over climate change and air pollution are the major factors driving the growth of the hydrogen fuel cell market. The growing demand for clean and renewable energy sources is also expected to boost the market growth.
In addition, the increasing investment by government and private organizations in fuel cell technology is expected to provide a further boost to the market growth. However, the high cost of fuel cells and the lack of infrastructure are the major factors restraining the growth of the hydrogen fuel cell market.
Further key findings from the report suggest
For the purpose of this particular report, the author segments the Hydrogen Fuel Cell market on the basis of: product type, technology, application, and regions:Product Type Outlook (Revenue, USD Billion; 2019-2030)
Vehicle Type Outlook (Revenue, USD Billion; 2019-2030)
Technology Type Outlook (Revenue, USD Billion; 2019-2030)
Application Outlook (Revenue, USD Billion; 2019-2030)
End-Use Outlook (Revenue, USD Billion; 2019-2030)
Regional Outlook (Revenue, USD Billion; 2019-2030)
Market Dynamics
Market Drivers
Market Restraints
Key Topics Covered:
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. Hydrogen Fuel Cell Market Segmentation & Impact Analysis
Chapter 5. Hydrogen Fuel Cell Market By Product Type Insights & Trends
Chapter 6. Hydrogen Fuel Cell Market By Vehicle Type Insights & Trends
Chapter 7. Hydrogen Fuel Cell Market By Technology Type Insights & Trends
Chapter 8. Hydrogen Fuel Cell Market By Application Insights & Trends
Chapter 9. Hydrogen Fuel Cell Market By End-Use Insights & Trends
Chapter 10. Hydrogen Fuel Cell Market Regional Outlook
Chapter 11. Competitive Landscape
Chapter 12. Company Profiles
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/4m8fvc.
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Chinle Unified School District Starts Transitioning Diesel Bus Fleet to Zero-emission Vehicles
MACON, Ga.--(BUSINESS WIRE)--Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, delivered the first of three electric school buses to Chinle Unified School District (USD) in Arizona, the largest school district in the Navajo Nation. Chinle USD expands its all Blue Bird diesel-powered bus fleet with zero-emission vehicles to put student and community health first while reducing operating costs. Select Blue Bird customers reported an average 14 cents per mile in energy costs for electric buses, compared to approx. 49 cents per mile for their diesel buses.
Blue Bird will provide its most advanced zero-emission school buses to Chinle USD, including two Blue Bird Vision and one Blue Bird All American electric school bus. These first-rate electric vehicles (EV) carry between 72 and 84 students for up to 120 miles on a single charge. Depending on the charging infrastructure, the buses take between three and eight hours to recharge fully.
Chinle USD is the largest school district in the Navajo Nation in both student count and geographic area. It serves 3,300 students in eight schools, including the largest reservation high school in the United States. School buses travel more than 6,000 miles on routes characterized by mostly unimproved roads each day, as they pick up and safely transport students to and from schools.
“Beyond the potential that the electric school buses offer for cost efficiency and reducing our fleet’s greenhouse gas emissions, the impact that these EV’s have on student learning and access to world experience is notable,” said Quincy Natay, superintendent of Chinle Unified School District. “Many of our students live in high poverty households and may not have even ridden in electric vehicles. Now, they get to ride to school on a state of the art EV school bus. Our students are very curious, and our drivers have already begun explaining how the buses function differently than the previous diesel buses. Especially for children in remote communities, this is a great way to provide firsthand exposure to science, STEAM careers, environmental issues, and cutting edge technology.”
The school district received a Transportation Modernization Grant through A for Arizona to upgrade its school bus fleet with three electric vehicles. A for Arizona is a non-profit organization dedicated to advancing student achievement in the state, especially in low-income communities.
“Students from low-income areas are disproportionately impacted by diesel pollution from school buses, since the majority of students from related areas ride the bus to school. Zero-emission transportation means cleaner air to breathe and healthier students,” said Britton Smith, senior vice president of electrification and chief strategy officer of Blue Bird Corporation. “We have served Chinle USD for more than 30 years. We could not be more pleased to help the school district transition to electric buses and clean student transportation.”
About Blue Bird Corporation
Blue Bird (NASDAQ: BLBD) is recognized as a technology leader and innovator of school buses since its founding in 1927. Our dedicated team members design, engineer and manufacture school buses with a singular focus on safety, reliability, and durability. Blue Bird buses carry the most precious cargo in the world – the majority of 25 million children twice a day – making us the most trusted brand in the industry. The company is the proven leader in low- and zero-emission school buses with more than 20,000 propane, natural gas, and electric powered buses in operation today. Blue Bird is transforming the student transportation industry through cleaner energy solutions. For more information on Blue Bird's complete product and service portfolio, visit www.blue-bird.com.
Julianne Barclay
TSN Communications
M: +1.267.934.5340
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WALL, N.J.--(BUSINESS WIRE)--The board of directors (the “Board”) of New Jersey Resources Corporation (NYSE: NJR) unanimously approved a 7.6 percent increase in the quarterly dividend rate to $0.39 per share from $0.3625 per share. The new quarterly rate will be effective with the dividend payable October 3, 2022 to shareowners of record on September 26, 2022. This dividend replaces the previously announced dividend of $0.3625 per share approved on July 14, 2022 for shareowners of record on September 26, 2022.
The new annual dividend rate will be $1.56 per share. NJR has paid quarterly dividends continuously since its inception in 1952, and this marks the 29th dividend increase over the last 27 years.
Steve Westhoven, President and CEO of NJR, stated, “This quarterly dividend increase reflects the Board’s confidence in our long-term business strategy and financial position. A growing dividend is an important component of our commitment to provide strong long-term returns to shareholders.”
About New Jersey Resources
New Jersey Resources (NYSE: NJR) is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. NJR is composed of five primary businesses:
NJR and its over 1,200 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve® and initiatives such as The SAVEGREEN Project® and The Sunlight Advantage®.
For more information about NJR:
www.njresources.com.
Follow us on Twitter @NJNaturalGas.
“Like” us on facebook.com/NewJerseyNaturalGas.
Media:
Mike Kinney
732-938-1031
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Adam Prior
732-938-1145
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DENVER--(BUSINESS WIRE)--#renewableenergy--Redeux Energy Partners LLC (Redeux), a developer of utility-scale solar and energy storage projects, today announces its continued momentum including:
Redeux’s development pipeline consists of large, hybrid solar and storage projects within the Midcontinent Independent System Operator (MISO), Electric Reliability Council of Texas (ERCOT), Southeastern Electric Reliability Council (SERC) and the Western Electricity Coordinating Council (WECC) energy markets. Currently totaling over 1.7 GW of capacity - of which more than 80% is filed for interconnection - Redeux is on track to exceed 2 GW of pipeline capacity by year-end, a 400% increase from year-end 2021. Acreage under site control totals over 20,000 acres in eight states, with over 10,000 additional acres in active negotiation. The company’s platform and processes are delivering the efficiency and scale to produce gigawatts of high-quality clean energy project pipeline annually.
Since 2020, Redeux has been working with a number of large landowners across farming, timber, ranching and resource extraction industries to evaluate project development opportunities that increase the value of their land. A premier example of this type of mutually beneficial partnership is the recently announced lease agreement with FPI by which Redeux will develop multiple projects across several diversified farm sites in Arkansas and Mississippi totaling approximately 2,800 acres. The projects, where Redeux has also signed leases with adjacent landowners, are located under Entergy transmission lines operated within the MISO energy market.
“The company is pleased with the results achieved year to date, and the recent increase in velocity,” said Rob Masinter, Chief Operating Officer of Redeux. “In addition to expanding our best-in-class land acquisition and development teams, Redeux has added leadership positions in market strategy, land acquisition, and corporate development and will add management positions to oversee our engineering and permitting activities in the coming months.”
New members of the Redeux leadership and development team bring multiple decades of experience in utility-scale solar and energy storage infrastructure development and operations. Recent additions include:
- Garrett Gill, Vice President, Land, brings over 23 years of experience in land acquisition. Prior to Redeux, Gill served as Executive Vice President of the Power Group at Contract Land Staff (CLS).
- Mark Raventos, Vice President, Corporate Development, brings over 17 years of renewables development and M&A experience in the Americas, India and EMEA with Acciona Energy.
- Steve Drew, Vice President, Market Strategy, has over 20 years of experience in competitive transmission and renewables development and management with Borrego, NextEra and OG&E.
- Andrew Makee, Director, Development, brings over 13 years of utility-scale wind and solar development with Avangrid and Orion Renewables in MISO, SERC, SPP and ERCOT markets.
- Dan White, Director, Development, brings over 12 years of utility-scale solar, wind, energy storage and natural gas development with National Grid and Southern Power in SERC, ERCOT, CAISO and WECC markets.
Over the next 18 months, Redeux is expanding its platform capabilities together with the geographic scope of its prospecting activities and project portfolio into at least 15 states within the MISO, ERCOT, Southwest Power Pool (SPP), SERC and WECC energy markets. Redeux’s corporate development focus is on executing early-stage acquisitions and forming partnerships with entities that will ultimately acquire its projects.
“Success to date has been remarkable,” said William Harrison, CEO of Cathexis Holdings, Redeux’s largest shareholder. “The team has developed a platform of best-in-class analysis, technology, process, and people that is producing a tremendous volume of high-quality renewable energy projects. Our financial commitment will support Redeux's continued scale and acceleration to contribute meaningfully to the pace of project deployment required to meet U.S. public- and private-sector clean energy goals.”
About Redeux Energy
Redeux Energy is a utility-scale solar and storage development company with expertise in a range of strategies to transform greenfield, brownfield and industrial lands into renewable power infrastructure that produces new revenue streams, meets ESG goals and addresses local needs for economic and workforce development.
About Our Capital Sponsors
Cathexis Holdings is a Houston-based, multi-billion dollar, single-member family office. A diversified, multi-strategy group, Cathexis has active investments across industries including private equity, venture, real estate, infrastructure, energy, consumer products and technology.
Thoroughbred Holdings originates investments in world-class infrastructure, energy and natural resource assets and provides advisory services to launch, restructure and grow these businesses. The firm invests in terminals and logistics, mining, agriculture, renewable feedstock production and clean energy infrastructure, typically with co-investment from top-tier private capital partners.
MEDIA:
Emily Quirk
603-953-6634
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Landfill Gas project in Missouri will produce 375,000 MMBtu of RNG annually.
CANONSBURG, Pa.--(BUSINESS WIRE)--Vision RNG, LLC (VRNG) is pleased to announce that it has broken ground for construction of the Renewable Natural Gas (RNG) project located on the Meridian Waste Eagle Ridge Landfill located in Bowling Green, Missouri. The project will use 1,500 cfm of Landfill Gas (LFG) and construction is scheduled to be completed in Q1 of 2023. The project will produce 375,000 MMBtu of RNG annually that will be injected into a nearby interstate natural gas pipeline and used by various customers across the U.S. for transportation fuel and other sustainability purposes. RNG production has numerous environmental and economic benefits, including but not limited to being a carbon-neutral energy solution, lowering methane emissions, reducing our dependence on fossil fuels, and utilizing the current natural gas infrastructure.
Based in Canonsburg PA, VRNG was formed in 2021 with funding from Vision Ridge Partners. VRNG is led by a strong team of experienced Oil and Gas, RNG, and Landfill experts.
"At Meridian Waste, our environmental services team has always considered our landfills to be highly engineered structures that provide a vital resource to our local communities,” stated Walter “Wally” Hall, Meridian Waste’s CEO. “We view the conversion of our landfill gas to clean energy to be an effective means of recycling and reusing this valuable resource. And in our business, wasting energy is simply a waste of time!"
ABOUT VISION RNG
Founded in 2021, Vision RNG LLC is a U.S. based, full-service developer of landfill gas to sustainable renewable natural gas. For more information, please visit VisionRNG.com.
About Meridian Waste
Headquartered in Charlotte, N.C., Meridian Waste is a company defined by its commitment to servicing its customers, caring for and engaging its employees, and generating financial value for its shareholders while delivering a clean and healthy community. The company’s core waste business is centered on residential, commercial, and industrial non-hazardous solid waste collection and disposal. Currently, the company operates in Northeast Fla., St. Louis, Mo., Raleigh, N.C., Goldston, N.C., Greenville, S.C., Knoxville, Tenn., Blacksburg, Va., Harrisonburg, Va, and Richmond, Va. servicing more than 206,840 residential, commercial, industrial, and governmental customers. In addition to a fleet of commercial, residential, and roll-off trucks, the company operates 13 hauling companies, eight transfer stations/materials recycling facilities (MRFs), two municipal solid waste landfills, and three C&D landfills in which 857,649 tons of waste are safely disposed of annually. For more information, visit MeridianWaste.com.
Media Inquiries
Cara Dickens, President, Rocket Pop
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Vision RNG Business Inquiries
Kevin Johnson, CFO, Vision RNG
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DUBLIN--(BUSINESS WIRE)--The "Global LNG Bunkering Market Size & Share to 2027" report has been added to ResearchAndMarkets.com's offering.
LNG bunkering is defined as the practice of supplying LNG fuel to ship for its constructions. LNG is cleaner than other conventional fuels like heavy fuel oil, marine gas fuel, and marine diesel fuel.
The increase in concerns about air pollution, stringent rules and regulations on chemical emissions as a result of fuel burning and growth of marine sector are expected to drive the global LNG bunkering market growth.
Market Drivers
The shifting trends towards clean energy with stringent government rules and regulations to reduce airborne emissions including nitrous oxide, and sulfur is key driving factor which is expected to boost the global LNG bunkering market growth. Furthermore, shifting trends towards sustainable fuel with increase in shale production will positively contribute the market growth in near future.
For instance, United State Shale gas production reached from 13,447 bcf in 2015 and 15,213 in 2016. Also, riser in demand for reliable, eco-friendly, and low cost marine fuel is another driving factor which is expected to propel the global LNG bunkering market growth. The marine industry of North America and Europe is expected to move toward cleaner LNG fuel faster than the other regions. And hence, it is expected to fuel the market growth during this forecast period.
Market Restraints
However, a high initial investment is the major challenging factor which is expected to hamper the global LNG bunkering market growth during this analysis period.
Companies Mentioned
Market Segmentation
By End User
By Region
Key Questions Addressed by the Report
For more information about this report visit https://www.researchandmarkets.com/r/ek3ekj
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The company brings transparency and increased safety to the U.S. solar industry with standardized ratings calculated by in-depth data captured through its North American Solar Scan
SANTA MONICA, Calif.--(BUSINESS WIRE)--Eighth paragraph, first sentence of release should read: To date, DroneBase has completed scanning and processing 16 GW of solar plants and 20 percent of large-scale solar-generated power in the U.S. (instead of To date, DroneBase has completed its solar scan for the entire state of California, representing 16 GW of solar plants and 20 percent of large-scale solar-generated power in the U.S.).
The updated release reads:
DRONEBASE UNVEILS FIRST SOLAR QUALITY RATING SYSTEM FOR ASSET CONDITIONS IN THE U.S.
The company brings transparency and increased safety to the U.S. solar industry with standardized ratings calculated by in-depth data captured through its North American Solar Scan
With the Solar Energy Manufacturing for America Act passed within the Inflation Reduction Act, America’s solar manufacturing sector is set to scale dramatically. To support the forecasted growth of 60 gigawatts (GW) of solar deployed annually from 2025 to 2030 and ensure better oversight of U.S. solar power plants, DroneBase announced the first standardized set of solar asset ratings. As the leading provider of intelligent imagery, DroneBase is expanding its solar scan offering to cover all of North America for this new rating system. By offering a thorough assessment of power loss, module condition and cell temperature, DroneBase presents the solar industry with a new gold standard for evaluating the total condition of solar power plants, marking the industry’s first complete solar asset conditions data set.
“With the solar industry experiencing substantial scaling, industry professionals are looking for a standardized way to evaluate solar asset conditions. Until now, there has been a lack of transparency and visibility into the overall status and condition of assets,” said Mark Culpepper, general manager of global solar solutions at DroneBase. “Thanks to our scanning capabilities, we provide deep and broad data sets and bring a universal understanding on the condition of solar power plants.”
DroneBase’s North American Solar Scan uses a simple three-letter asset rating system, similar to the common investment-grade bond rating system. Each letter represents a specific aspect of a solar site’s overall condition. Conducted via manned aircraft, the North American Solar Scan provides cost-effective and comprehensive thermal and RGB views of solar assets to investors, asset owners, operations and maintenance managers, utility companies, EPC firms and policymakers. Scanned solar plants (1 MW and larger) are automatically assigned three criteria based on aerial photography and thermal scans. Stakeholders can access the data and reports via the DroneBase Solar Insights web platform.
The first letter in the rating represents the operating condition of the site. Thermal sensors detect components that are failing to estimate direct current (DC) losses at the power plant. The second letter in the rating is an indicator of the highest recorded temperature of photovoltaic cells, with separate parameters for roof-mounted and ground-mounted assets. Elevated temperatures may indicate potential safety or liability risks. Finally, the last letter in the rating reflects the condition of the modules used by comparing the number of anomalies per megawatt peak. More anomalies per megawatt generally indicate more potential problems with the modules on the site.
By providing this analysis and the three-letter rating, DroneBase enables stakeholders to see the condition of solar plants across a geographic area, such as a city, state, or the continental U.S. Financiers or owners can use the asset ratings to identify potential assets for acquisition or sale. In contrast, O&M service providers can use the data to highlight the excellent rating of the plants they service. Meanwhile, developers and EPCs will be able to leverage the ratings to provide objective evidence of the quality of their work to existing or prospective customers. Clients seeking Dronebase’s traditional deep-scanning capability, providing detail as specific as cell level visibility into specific component failures, can continue to do so and can even order that within the new updated Insights platform.
Companies, such as DroneBase customer Primergy Solar, that develop, own and operate distributed and utility-scale solar and storage projects, can use the asset rating for various insights to save time and money, through targeted maintenance and preventable downtime.
“Primergy is actively building one of the largest solar + battery projects in the U.S., and DroneBase’s technology is a critical time saver for all involved,” said Adam Larner, chief operating officer of Primergy Solar. “We’re focused on partnering with companies that understand the importance of investing in projects that increase clean power reliability and reduce carbon emissions to create healthier communities and stronger economies. We look forward to continuing to work with DroneBase as they bring additional clarity and insights to the solar industry.”
To date, DroneBase has completed scanning and processing 16 GW of solar plants and 20 percent of large-scale solar-generated power in the U.S. The whole U.S. solar plants market of 1MW or larger — approximately 80GW — will be accessible via the DroneBase Insights platform in the spring of 2023. Customers can subscribe immediately to access the sites scanned in California.
A preview of the insights provided by the North American Solar Scan will be available via webinar on Thursday, September 15 — registration is free and open to the public. Attendees of the RE+ conference in Anaheim, Calif., will have access to the database of the California scan at the Dronebase booth (#3854) from Tuesday, September 20 to Thursday, September 22, 2022.
ABOUT DRONEBASE
DroneBase is the leading intelligent aerial imaging company for high-value infrastructure, providing businesses with fast, actionable, real-time insights to recover revenue, reduce risk, and improve build quality. Headquartered in Santa Monica, California, DroneBase serves customers in the solar, wind, insurance, construction, real estate and critical infrastructure industries. Trusted by the largest enterprises in the world, DroneBase is active in over 70 countries. Learn more at https://dronebase.com/.
About Primergy Solar
Primergy is a developer, owner and operator focused on both distributed and utility scale solar PV and battery storage projects in North America with portfolios of over 10 GW of solar and battery energy storage projects in development, construction, and operations in 13 different states. Primergy features a diverse and talented team with decades of experience in renewables project development, financing, construction and operations. Primergy is a portfolio company of Quinbrook Infrastructure Partners and represents Quinbrook’s principal solar and solar plus energy storage investment platform in North America.
Technica Communications
Caitlan Caviness
408-806-9626 Ext. 9949
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MADISON, Wis.--(BUSINESS WIRE)--MGE Energy, Inc. (Nasdaq: MGEE) highlights investments in renewable energy in its latest investor newsletter, "Interim Report," which includes the following topics:
- Wind farm site being prepped for turbine construction
- MGE Energy reports second-quarter earnings
- Board of Directors adopts statement on human rights
- Get faster delivery by going paperless
The newsletter is available on MGE Energy's website at: https://www.mgeenergy.com/interimreport
Interim Report is published quarterly to provide investors with information about MGE Energy and its primary subsidiary, Madison Gas and Electric.
About MGE Energy
MGE Energy is an investor-owned public utility holding company headquartered in the state capital of Madison, Wis. It is the parent company of Madison Gas and Electric, which generates and distributes electricity in Dane County, Wis., and purchases and distributes natural gas in seven south-central and western Wisconsin counties. MGE Energy's assets total approximately $2.4 billion, and its 2021 revenues were approximately $607 million.
Investor relations contact
Ken Frassetto
Director Shareholder Services and Treasury Management
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Industry-Leading ESG Product Receives Top Honors at the 2022 SaaS Awards
Judges Hail Equilibrium as “Sophisticated,” “Impressive,” “Easy to Use,” and “The Future of ESG”
WASHINGTON--(BUSINESS WIRE)--FiscalNote (NYSE: NOTE), a leading AI-driven enterprise SaaS company that delivers market intelligence and data insights, today announced that Equilibrium, an AI-powered platform which helps organizations unify, manage, and benchmark carbon, climate and ESG data management across their entire operations, supply chain, and portfolio, has been declared the Winner of the “Best SaaS Product for CSR or Sustainability” category at the 2022 SaaS Awards.
The SaaS Awards recognizes excellence and innovation in software solutions, with categories for the 2022 SaaS Awards ranging from “Best Security Innovation in a SaaS Product” to “Best SaaS Product for Email Marketing” and “Best SaaS for Productivity.” Finalists and awardees were selected by a judging panel of international industry experts. Hundreds of organizations entered the 2022 SaaS Awards, with entries from across the globe - covering the Americas, Australia, Europe, and the Middle East.
“This is a great honor for Equilibrium and for our worldwide teams who innovate constantly to enhance our industry-leading product that empowers organizations to become sustainability leaders,” said Frank Meehan, General Manager of FiscalNote ESG Solutions. “It will come as no surprise to FiscalNote’s ESG customers that Equilibrium would be recognized as the premiere SaaS solution in the ESG marketplace, considering the organizations we serve are on track to reduce time spent on ESG data collection and management by over 50%. We’re excited about continuing to solve mission-critical challenges for organizations and their ESG teams, and we’re firing on all cylinders to help guide the industry's evolution from reporting for compliance to holistic ESG risk management. On behalf of Equilibrium, I’d like to warmly thank the judges for this recognition, and congratulate all the other awardees, finalists, and contenders.”
The Lead Judge for the “Best SaaS Product for CSR or Sustainability” award category, Annabelle Whittall, commented: “Equilibrium is incredibly easy to use. The sophisticated and impressive benchmarking system that is supported by AI delighted the SaaS Awards judging panel. This, in our opinion, is what the future of ESG will look like. Congrats, Equilibrium!”
James Williams, Head of Operations for the award program, stated: “Equilibrium is a worthy winner of the SaaS Awards, offering something truly and effectively stand-out in an incredibly competitive category. Every edition of this business software ‘Oscars’ sees progressively exciting innovations as we face the increasing challenges and changes of the modern world.”
In addition to Equilibrium’s top honor, FiscalNote’s Curate also came in first place in the “Best Data Innovation in a SaaS Product ” category at the 2022 SaaS Awards.
About FiscalNote
FiscalNote (NYSE: NOTE) is a leading technology provider of global policy and market intelligence. By uniquely combining AI technology, actionable data, and expert and peer insights, FiscalNote empowers customers to manage policy, address regulatory developments, and mitigate global risk. Since 2013, FiscalNote has pioneered technology that delivers mission-critical insights and the tools to turn them into action. Home to CQ, Equilibrium, FrontierView, Oxford Analytica, VoterVoice, and many other industry-leading brands, FiscalNote serves more than 5,000 customers worldwide with global offices in North America, Europe, Asia, and Australia. To learn more about FiscalNote and its family of brands, visit FiscalNote.com and follow @FiscalNote.
About FiscalNote ESG Solutions
FiscalNote ESG Solutions is the most comprehensive ESG platform and advisory solution in the market helping organizations become sustainability leaders – from getting started with strategic insights, benchmarking, and reporting to embedding ESG into an organization’s DNA. FiscalNote ESG Solutions brings together Equilibrium’s AI-powered platform, award-winning analysis, global advisory, and a peer community to help an organization achieve its ESG goals. Visit: fiscalnote.com/esg.
Nicholas Graham
FiscalNote
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Fifth annual Powering the Arts Grant Program expands access to arts and culture
CHICAGO--(BUSINESS WIRE)--After two years of disruptions due to the pandemic, in-person performances and theaters are back in northern Illinois. To increase access to the arts in northern Illinois, ComEd and the League of Chicago Theatres today announced that they have awarded $160,000 in funding to local community arts organizations across the region. Through ComEd’s annual Powering the Arts Program, individual grants ranging from $10,000-$25,000 will go to 18 nonprofit organizations, including local theatres, arts programs, cultural organizations, and youth centers.
Since 2018, this competitive grant program has disbursed $580,000 in funding for initiatives and workshops across the communities ComEd serves to boost public awareness, community programming, engagement, and enjoyment of the arts.
“Creativity drives innovation, and there’s no better way to inspire creativity than by supporting the arts in our communities,” said Gil Quiniones, CEO of ComEd. “Through this program and our partnership with the League of Chicago Theatres, we are able to promote the arts and celebrate diverse cultural programming in communities across northern Illinois.”
This is the fifth year ComEd has partnered with the League of Chicago Theatres, an alliance of more than 200 Chicago theatres. Each year, ComEd funds the program, and the League of Chicago Theatres reviews applications and administers the program to grant recipients. This year’s recipients include art programs that preserve cultural tradition, tell diverse stories and support access to the arts for youth.
“Since 2018, the League of Chicago Theatres has been proud to join ComEd in their efforts to support arts and culture institutions across Illinois through the Powering the Arts Grant Program,” said Jamie Abelson, League of Chicago Theatres’ director of programs. “As organizations welcome audience members and students back into their theatres and classrooms, there is a tremendous opportunity to reach communities in innovative ways. This program supports institutions pursuing new avenues for expanding access to the arts and we couldn’t be more excited about this year’s group of recipients.”
Additional information on the ComEd Powering the Arts Program can be found here.
The 18 ComEd Powering the Arts Program grant recipients for 2022 are:
Commonwealth Edison Company (ComEd) is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), the nation’s leading competitive energy provider, with approximately 10 million customers. ComEd provides service to approximately 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit ComEd.com, and connect with the company on Facebook, Twitter, Instagram and YouTube.
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ComEd
Media Relations
312-394-3500
TULSA, Okla.--(BUSINESS WIRE)--Alliance Resource Partners, L.P. (NASDAQ: ARLP) today announced the formation of a new ventures team to lead its efforts to position ARLP as an energy provider for the future by utilizing its strong cash flows and leveraging its core technology and operating competencies to make strategic investments in the fast-growing energy and infrastructure transition. The new ventures team, led by Andrew Woodward, Senior Vice President, and Matthew Lewis, Vice President, will have the primary responsibility of identifying, developing and executing on new commercial opportunities beyond ARLP’s existing business units to serve the growing demand for emerging energy and infrastructure transition needs.
"I am pleased to welcome Andy and Matt to the Alliance team as we continue to pursue opportunities in a rapidly growing and evolving energy and infrastructure market," said Joseph W. Craft III, Chairman, President and Chief Executive Officer. "They are both respected leaders in the industry with proven success working together, and each brings a breadth of knowledge, experience and expertise to ARLP. I look forward to working closely with the team as we remain disciplined and focused on delivering attractive returns to our unitholders over the long-term."
"These are exciting times for the sector and for ARLP," said Mr. Woodward. "We are thrilled to join a well-respected and proven team that has put Alliance in a strong and attractive position financially and operationally to pursue investment opportunities within these new areas."
Mr. Woodward most recently served as Chief Executive Officer of Blueknight Energy Partners, L.P. (NASDAQ: BKEP/BKEPP) where he led the partnership’s strategy, commercial activities and a successful sale of the business in August 2022. He was responsible for leading a substantial improvement in Blueknight’s strategic and financial position during his tenure. Prior to Blueknight, Mr. Woodward was appointed principal financial officer and Vice President, Finance and Treasurer of Andeavor Logistics, L.P. (NYSE: ANDX). Prior to this appointment, Mr. Woodward held various positions in corporate development, finance and investor relations at Andeavor (NYSE: ANDV), now Marathon Petroleum Corp. (NYSE: MPC). Before joining Andeavor, he served as Vice President at RBC Capital Markets within its energy investment banking group. Mr. Woodward received his Bachelor of Arts in economics and philosophy from Colorado College and his Master of Business Administration from the University of Texas.
Mr. Lewis joins Alliance with prior experience as both a public and private company Chief Financial Officer, as well as, a proven track record of leading corporate finance, strategic planning, investor relations, and risk management activities within energy and industrial markets. He most recently served as Chief Financial Officer for Blueknight Energy Partners, L.P. (NASDAQ: BKEP/BKEPP). Mr. Lewis previously served as Chief Financial Officer at a privately held startup providing sustainable solutions for water and natural gas treating processes. Prior to that, Mr. Lewis was the Director of Business Planning & Analysis at Andeavor Logistics, L.P. (NYSE: ANDX), where he served on the extended leadership team. He also previously served in multiple roles at Mid-Con Energy Partners, L.P. (NASDAQ: MCEP) prior to being appointed Vice President and Chief Financial Officer in 2016. Mr. Lewis received his Bachelor of Business Administration in Finance from Texas Tech University and his Master of Business Administration from Southern Methodist University.
About Alliance Resource Partners, L.P.
ARLP is a diversified energy company that is currently the largest coal producer in the eastern United States. ARLP also generates operating and royalty income from mineral interests it owns in strategic coal and oil & gas producing regions in the United States. In addition, ARLP is positioning itself as an energy provider for the future by leveraging its core technology and operating competencies to make strategic investments in the fast-growing energy and infrastructure transition.
News, unit prices and additional information about ARLP, including filings with the Securities and Exchange Commission ("SEC"), are available at http://www.arlp.com. For more information, contact the investor relations department of ARLP at (918) 295-7674 or via e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it..
Brian L. Cantrell
Alliance Resource Partners, L.P.
(918) 295-7673
DUBLIN--(BUSINESS WIRE)--The "Bioethanol Market Intelligence Report - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The Global Bioethanol Market is projected to reach USD 94.87 billion by 2027 from USD 66.20 billion in 2021, at a CAGR 6.18% during the forecast period.
Market Statistics:
The report provides market sizing and forecast across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF. It helps organization leaders make better decisions when currency exchange data is readily available.
In this report, the years 2019 and 2020 are considered as historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered as the forecast period.
Market Segmentation & Coverage:
The report on bioethanol identifies key attributes about the customer to define the potential market and identify different needs across the industry. Understanding the potential customer group's economies and geographies can help gain business acumen for better strategic decision-making.
This market coverage across different industry verticals reveals the hidden truth about the players' strategies in different verticals and helps the organization decide target audience. This report gives you the composite view of sub-markets coupled with comprehensive industry coverage and provides you with the right way of accounting factors such as norms & regulations, culture, to make right coverage strategy for your market plan.
This research report categorizes the bioethanol to forecast the revenues and analyze the trends in each of the following sub-markets:
Raw Material:
Blend:
End Use Industries:
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Company Usability Profiles:
For more information about this report visit https://www.researchandmarkets.com/r/mitc1i
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Corporate and utility demand is supporting continued solar project development and construction across PA, VA, GA, MS and TX
ASHEVILLE, N.C.--(BUSINESS WIRE)--Pine Gate Renewables, a leading renewable energy developer for utility-scale solar and storage, has successfully contracted nearly 1 GW of late-stage solar development projects. The combined Power Purchase Agreements (PPAs) support enough energy production to power a major city, and it showcases the power of collaboration and creativity among industry stakeholders.
The executed PPAs enable the construction of ten new large-scale solar projects thanks to corporate and utility partners who envision a cleaner energy future. With an investment of over $1 billion in clean energy construction across the Mid-Atlantic, Southeast and Texas, these projects will bring strong economic development benefits to local communities.
“Our partners truly are the driving force in the growth of renewables in this uncertain environment,” said David Groleau, SVP at Pine Gate Renewables. “Solar gets done because partners are relentlessly driving forward their environmental commitments, no matter the market challenges or headwinds. These PPAs are a testament to our partners’ flexibility, creativity and vision.”
These projects are expected to be operational between 2023-2024. Additionally, Pine Gate has over 20 GW of solar and storage large-scale projects in development throughout the United States.
“Pine Gate is excited to work so closely with some of the world’s most respected brands,” said Ben Catt, CEO. “This demand is only the start to a strong renewable future.”
About Pine Gate Renewables
Pine Gate Renewables is a leading renewable energy company focused on project development and strategic financing of solar and storage projects throughout the United States. From coast to coast, Pine Gate Renewables owns and operates renewable energy-generating projects that create a positive impact on local communities and the nation’s environmental footprint. Headquartered in Asheville, NC, Pine Gate Renewables debuted at #37 on the Inc. 5000 list in 2021 and was named to Fast Company’s Most Innovative Companies list the same year. For more information, visit pinegaterenewables.com
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