CCSO gives investors exposure to a select group of companies that are dedicated to solving climate change
BERKELEY, Calif.--(BUSINESS WIRE)--Carbon Collective Investing, LLC (“Carbon Collective”), a climate change-focused online investment advisor, today announced the launch of the Carbon Collective Climate Solutions U.S. Equity ETF (CCSO), an actively managed exchange-traded fund that invests in publicly traded companies that are dedicated to solving climate change.
Climate change poses a serious threat to society and more investment is needed in companies that are taking steps to reverse the decades-long damage caused by climate change.
“Climate change is the most important issue facing the world. We still have time to avoid the worst case scenarios, but only if we invest capital in climate change solutions that can be adopted and implemented quickly,” said Zach Stein, co-founder and chief investment officer, Carbon Collective. “Companies that are directly involved in climate change solutions have become an important area of the marketplace and investors need a pure-play and low cost way to invest in this space.”
The fund invests in approximately 200 companies of any size market capitalization within sectors such as clean energy, electrified transportation, efficient buildings, circular economy, sustainable foods, and industrial electrification.
Carbon Collective conducts extensive searches to identify companies that are building solutions within these sectors using a variety of sources including public filings, Internet searches, cross referencing applicable indices, and publicly available market research as well as through relevant industry/sector news or blogs and independent third-party sources such as Project Drawdown and the International Energy Agency.
Only companies that earn at least 50% of revenue from climate solutions are included in CCSO. The fund is rebalanced on an annual basis.
More investment in climate-focused companies allows their climate technologies to become more widely adopted and enables investors to participate in the solution for climate change.
“There are hundreds of companies, both well-known and under-the-radar, that are dedicated to fixing climate change,” said James Regulinski, co-founder, Carbon Collective. “Our fund aims to give investors exposure to these companies in one place. Climate change solutions is an asset class and we’re excited to help investors gain exposure to this important and rewarding space.”
Toroso Investments, LLC serves as investment adviser to the fund and Carbon Collective as its sub-adviser.
For more information, please visit: https://www.carboncollective.co/
About Carbon Collective
Carbon Collective is a climate change-focused online investment advisor. Carbon Collective makes investing in climate solutions accessible to all investors with low fee, low minimum, and highly diversified investment portfolios. The Company augments its investment strategy with shareholder advocacy, leveraging member's votes to advocate for corporate climate action. Founded by Zach Stein and James Regulinski, and backed by prominent venture capital firms like Precursor Ventures and My Climate Journey, Carbon Collective is out to disrupt the finance industry and solve climate change.
About Tidal ETF Services
Formed by ETF industry pioneers and thought leaders, Tidal sets out to disrupt the way ETFs have historically been developed, launched, marketed and sold. With a transparent, partnership approach, Tidal offers a comprehensive suite of services, proprietary tools, and methodologies designed to bring lasting ideas to market. As advocates for ETF innovation, Tidal helps institutions and organizations launch the most interesting and viable ETFs available today. For more information, visit tidaletfservices.com
Disclaimers
Advisory services provided by Carbon Collective Investment LLC ("Carbon Collective"), an SEC-registered investment adviser. A copy of Carbon Collective's current written disclosure statement (Form CRS and ADV) discussing Carbon Collective's business operations, services, and fees is available at the SEC's investment adviser public information website – www.adviserinfo.sec.gov or our legal documents here (https://blog.carboncollective.co/legal-documents/).
The articles and research support materials available on this site are educational and are not intended to be investment or tax advice. Carbon Collective uses unaffiliated third party research and data it believes to be reliable, but is not responsible for the accuracy or completeness thereof.
Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Before investing, consider your investment objectives and Carbon Collective's charges and expenses. For more details, see our Form CRS, Form ADV Part 2 and other disclosures.
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call (833) 794-0140 or visit our website at www.carboncollectivefunds.com. Read the prospectus or summary prospectus carefully before investing.
Investments involve risk. Principal loss is possible. Climate Change Consideration Risk. Applying climate change and other filters to the investment process may exclude securities of certain issuers for non-investment reasons and therefore the Fund may forgo some market opportunities available to funds that do not use these criteria. New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions. Models and Data Risk. The composition of the Fund's portfolio is dependent on proprietary quantitative models as well as information and data supplied by third parties. Foreign Securities Risk. Investments in securities of non-U.S. issuers involve certain risks not involved in domestic investments and may experience more rapid and extreme changes in value than investments in securities of U.S. companies.
While the fund has an effective registration with the SEC it is not available for trading until September 20, 2022.
Distributed by Foreside Fund Services LLC.
Media
Scott Gamm
Strategy Voice Associates
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DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced today its participation in a new online film series, Beneath the Surface, presented by the International Water Association and produced by BBC StoryWorks Commercial Productions.
This film series showcases innovations taking place across the world of water, highlighting game-changing technological advancements and ways communities are coming together to protect this precious resource. Ranging from the microscopic to the vast, stories in this series celebrate pioneers within the industry and give deeper clarity to the ripple effects water has on our planet’s future.
Flowserve’s film tells the story of how Flowserve’s products and services are enabling a critical component of the Netherlands’ flood management strategy, the Afsluitdijk, and protecting millions of people from devastating floods. Viewers can learn more about the innovative ways Flowserve teams engineered, manufactured and tested some of the largest concrete volute pumps Flowserve has ever created while meeting the environmental requirements needed to protect the ecosystem where the pumps operate.
“From helping provide fresh drinking water to protecting our communities from floodwaters, we understand the importance of preserving and managing this life-sustaining resource,” said Scott Rowe, Flowserve president and chief executive officer. “Enabling the Afsluitdijk to protect the people of the Netherlands from flooding is a very real way we’re helping make the world better together, and we look forward to further advancing our reach in the water market through our Diversification, Decarbonization and Digitization growth strategy.”
“The aim of this series is to show how the water industry is rising to the challenge of building greater security, resilience and stewardship in global water systems with a steady stream of pioneering solutions,” said Simon Shelley, vice president of BBC StoryWorks Programme Partnerships. “It’s been a pleasure to tell these stories, and we hope the series will encourage viewers to consider how we can manage our most precious resource more wisely.”
To learn more about how Flowserve is protecting the Netherlands, visit https://flowserve.com/en/industries/water/flood-control-system/european-flood-risk-management/. To view the full Beneath the Surface series, visit https://www.bbc.com/storyworks/specials/beneath-the-surface/.
About Flowserve: Flowserve Corp. is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company’s Web site at www.flowserve.com.
Safe Harbor Statement: This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as, "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.
The forward-looking statements included in this news release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the following: the impact of the global outbreak of COVID-19 on our business and operations; a portion of our bookings may not lead to completed sales, and our ability to convert bookings into revenues at acceptable profit margins; changes in global economic conditions and the potential for unexpected cancellations or delays of customer orders in our reported backlog; our dependence on our customers’ ability to make required capital investment and maintenance expenditures; if we are not able to successfully execute and realize the expected financial benefits from our strategic transformation and realignment initiatives, our business could be adversely affected; risks associated with cost overruns on fixed-fee projects and in taking customer orders for large complex custom engineered products; the substantial dependence of our sales on the success of the oil and gas, chemical, power generation and water management industries; the adverse impact of volatile raw materials prices on our products and operating margins; economic, political and other risks associated with our international operations, including military actions, trade embargoes, epidemics or pandemics or changes to tariffs or trade agreements that could affect customer markets, particularly North African, Russian and Middle Eastern markets and global oil and gas producers, and non-compliance with U.S. export/re-export control, foreign corrupt practice laws, economic sanctions and import laws and regulations; increased aging and slower collection of receivables, particularly in Latin America and other emerging markets; our exposure to fluctuations in foreign currency exchange rates, including in hyperinflationary countries such as Venezuela and Argentina; our furnishing of products and services to nuclear power plant facilities and other critical processes; potential adverse consequences resulting from litigation to which we are a party, such as litigation involving asbestos-containing material claims; expectations regarding acquisitions and the integration of acquired businesses; our relative geographical profitability and its impact on our utilization of deferred tax assets, including foreign tax credits; the potential adverse impact of an impairment in the carrying value of goodwill or other intangible assets; our dependence upon third-party suppliers whose failure to perform timely could adversely affect our business operations; the highly competitive nature of the markets in which we operate; environmental compliance costs and liabilities; potential work stoppages and other labor matters; access to public and private sources of debt financing; our inability to protect our intellectual property in the U.S., as well as in foreign countries; obligations under our defined benefit pension plans; our internal control over financial reporting may not prevent or detect misstatements because of its inherent limitations, including the possibility of human error, the circumvention or overriding of controls, or fraud; the recording of increased deferred tax asset valuation allowances in the future or the impact of tax law changes on such deferred tax assets could affect our operating results; our information technology infrastructure could be subject to service interruptions, data corruption, cyber-based attacks or network security breaches, which could disrupt our business operations and result in the loss of critical and confidential information; ineffective internal controls could impact the accuracy and timely reporting of our business and financial results; and other factors described from time to time in our filings with the Securities and Exchange Commission.
All forward-looking statements included in this news release are based on information available to us on the date hereof, and we assume no obligation to update any forward-looking statement.
Flowserve Contacts
Investor Contacts:
Jay Roueche, Vice President, Investor Relations & Treasurer, (972) 443-6560
Mike Mullin, Director, Investor Relations, (214) 697-8568
Media Contact:
Morgan Contreras, Director, Corporate Communications, (214) 476-0084
With the new infusion of federal funds for grid upgrades, survey-driven report amplifies the need for proactive approaches
OVERLAND PARK, Kan.--(BUSINESS WIRE)--In an increasingly decarbonizing world, the U.S. electric industry is transforming itself as the growth of renewable energy and evolving distributed energy use forces utilities to find ways to accommodate new sources of power. Power-disrupting weather events and wildfires propelled by climate change are also testing the resilience of the aging power infrastructure in need of modernizing. Investment and regulatory uncertainties only add to the sector’s headwinds.
Black & Veatch’s new Electric Report details such complexities and the path forward, drawing upon expert analysis of responses to a survey of roughly 250 U.S. power sector stakeholders. Against the backdrop of this week’s yearly Climate Week conference in New York City, the report details an industry tasked with bolstering its reliability in a rapidly evolving “new energy” ecosystem driven by cleaner, more environmentally friendly power sources. Electricity drawn from the sun and wind is leading the way – with hydrogen on the horizon.
“Challenging ourselves to do more as an industry and exploring ways to increase innovation in the delivery of infrastructure is at the heart of Climate Week,” said Mario Azar, Black & Veatch’s Chairman and CEO. “As the report points out, there are cross-sector opportunities to address sustainability and resiliency by harnessing the resources and talent that exist and investing wisely in tomorrow’s solutions.”
The company’s report also highlights the need for utilities to harden their systems against the threat of droughts, flooding, hurricanes and wildfires while responding to rising demands from governments, corporations, activists and shareholders for lower carbon footprints through renewables. As the migration to electrified vehicles and fleets accelerates, so does the need for investment in the required charging infrastructure to meet the demand.
Detailing the push for utilities and power developers to become more sustainable, reliable and resilient, the report offers key insights, including:
“The continued adoption of clean energy fuels, advances in energy storage and the imperative to modernize our infrastructure against the effects of climate change amplify the importance of hardening the U.S. power grid through innovation,” said Laszlo von Lazar, president of Black & Veatch’s energy and process industries. “In this time of a generational transformation unfolding in the power sector, utilities must seize the moment to achieve the resilience and lower-carbon posture that consumers and enterprises expect.”
Editor’s Notes:
About Black & Veatch
Black & Veatch is a 100-percent employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure assets. Our revenues in 2021 exceeded US$3.3 billion. Follow us on www.bv.com and on social media.
JIM SUHR | +1 913-458-6995 P | +1 314-422-6927 M | This email address is being protected from spambots. You need JavaScript enabled to view it.
24-HOUR MEDIA HOTLINE | +1 855-999-5991
DALLAS--(BUSINESS WIRE)--AECOM (NYSE: ACM), the world’s trusted infrastructure consulting firm, announced today the appointment of Kristy Pipes to its Board of Directors.
Ms. Pipes brings to the Board extensive management, financial and accounting experience, having held several senior leadership positions throughout her career, including most recently as Managing Director and CFO at Deloitte Consulting, a global management consulting firm. The appointment will be effective on October 1, 2022, and Ms. Pipes will become a member of the Audit Committee upon her appointment to the Board.
“I am pleased to welcome Kristy Pipes to our Board of Directors,” said Douglas Stotlar, AECOM’s chairman of its Board of Directors. “Kristy’s notable experience, leadership and broad range of Professional Services industry expertise will bolster our efforts to advance our strategy as we focus on holistically advising our clients and capitalizing on increasing long-term demand for critical infrastructure, sustainability and resilience.”
From 1999 until her retirement in 2019, Ms. Pipes served in various roles at Deloitte Consulting, including her positions as Managing Director and Chief Financial Officer. She currently serves as a director of Public Storage (NYSE: PSA), as a director of ExlService Holdings, Inc. (Nasdaq: EXLS), and as a director of Savers Value Village, Inc., which is an operator of retail stores. Previously, Ms. Pipes was a director of PS Business Parks, Inc., which was a publicly-traded real estate investment trust until acquired in July 2022.
About AECOM
AECOM (NYSE: ACM), is the world’s trusted infrastructure consulting firm, delivering professional services throughout the project lifecycle – from planning, design and engineering to program and construction management. On projects spanning transportation, buildings, water, new energy and the environment, our public- and private-sector clients trust us to solve their most complex challenges. Our teams are driven by a common purpose to deliver a better world through our unrivaled technical expertise and innovation, a culture of equity, diversity and inclusion, and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business had revenue of $13.3 billion in fiscal year 2021. See how we are delivering sustainable legacies for generations to come at aecom.com and @AECOM.
Forward-Looking Statements
All statements in this communication other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, coronavirus impacts, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; impacts caused by the coronavirus and the related economic instability and market volatility, including the reaction of governments to the coronavirus, including any prolonged period of travel, commercial or other similar restrictions, the delay in commencement, or temporary or permanent halting of construction, infrastructure or other projects, requirements that we remove our employees or personnel from the field for their protection, and delays or reductions in planned initiatives by our governmental or commercial clients or potential clients; losses under fixed-price contracts; limited control over operations run through our joint venture entities; liability for misconduct by our employees or consultants; failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; potential high leverage and inability to service our debt and guarantees; ability to continue payment of dividends; exposure to political and economic risks in different countries, including tariffs; currency exchange rate and interest fluctuations; retaining and recruiting key technical and management personnel; legal claims; inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; AECOM Capital real estate development projects; managing pension cost; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of various dispositions such as the sale of our Management Services, self-perform at-risk civil infrastructure power construction, and oil and gas construction businesses, including the risk that purchase price adjustments, if any, from those transactions could be unfavorable and any future proceeds owed to us as part of those transactions could be lower than we expect; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.
Media Contact:
Brendan Ranson-Walsh
Senior Vice President, Global Communications
1.213.996.2367
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Investor Contact:
Will Gabrielski
Senior Vice President, Finance, Treasurer
1.213.593.8208
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Finance company integration on OpenSolar provides a competitive sales edge for solar professionals to speed up sales success
SAN FRANCISCO--(BUSINESS WIRE)--OpenSolar Pty Ltd, a software company focused on empowering solar installers with an extremely accurate and entirely free solar design and sales platform, and Dividend Finance, LLC (“Dividend” or the “Company”), a leading FinTech point-of-sale lender to home improvement and solar contractors, have entered a strategic relationship to offer solar professionals competitive and convenient financing options that enhance their sales workflow and help deliver an exceptional purchasing experience for their customers.
“It’s all about knocking down barriers and providing optionality so that solar professionals can get the job done with as minimal effort as possible,” said Maaike Gobel, Head of Partnerships at OpenSolar. “Dividend Finance combines highly competitive financing rates with a simple, frictionless application and approval process for installers and their customers, and now it’s embedded in the OpenSolar proposal. Providing efficient solutions for solar professionals together allows us to continue to support installers best as they grow their businesses.”
“Here at Dividend we are dedicated to making our installers’ lives easier, so that they can focus on what matters - closing more deals. With increased competition and rising equipment costs, it is more important than ever to invest in great partnerships and maximize every opportunity,” said Skyler Hopkins, Senior Vice President of Sales. “At Dividend we are working hard every day to find new ways to help installers win by offering invaluable resources like a dedicated Account Director as an extension of your team, 24/7 service and support, and talk-and-text with the same sales team every time – no waiting on hold.”
Solar professionals on OpenSolar can go to www.opensolar.com/dividend to learn more about this new strategic relationship and integration, as well as how to activate it on their accounts.
This latest innovation from OpenSolar and Dividend Finance follows other significant achievements by both companies. In November 2021, OpenSolar announced the findings of independent, third-party assessments that validate the unmatched accuracy of its solar design tool. In July 2020, Dividend Finance was named as the recipient of GlobalCapital magazine’s “Esoteric Issuer of the Year” for 2019.
About OpenSolar
OpenSolar launched in 2019 with a mission to scale solar globally by providing installers with innovative software technology and an equally innovative business offering – an entirely free-to-use design and sales platform. Solar installers can use OpenSolar’s end-to-end platform to manage and grow their businesses all in one place with class-leading solar design accuracy, interactive custom proposals, and a portfolio of fully integrated financing options, products, and services. Instead of charging a licensing fee, OpenSolar provides its software free of charge and instead derives revenue from its hardware and finance partner affiliates. By using OpenSolar, installers can avoid costly software costs and instead, invest more money into other areas of their businesses, confident they are using the very best design and sales tools available in the market, all for free. OpenSolar is based in Sydney, Australia, with remote offices in the U.S. For more information, visit www.opensolar.com.
About Dividend
Dividend (a Fifth Third Bank company) is a leading FinTech point-of-sale lender to home improvement and solar contractors. The Company pioneered the residential solar financing landscape in 2014 with the launch of its EmpowerLoan product for financing residential solar installations and continues to expand its product offerings into the home-energy market. In addition to its industry-leading suite of financial products, Dividend has developed a comprehensive technology platform for installation partners and homeowners to streamline the financing process and manage financed project fulfillment. Learn more by visiting www.dividendfinance.com.
OpenSolar
Maaike Gobel
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Dividend Finance
Samuel Fink
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Senator Schumer commends Li-Cycle for its contributions toward building a sustainable domestic battery materials supply chain in the United States
Li-Cycle’s Rochester Hub is expected to be a significant new source of battery materials in North America, including battery grade lithium carbonate
TORONTO--(BUSINESS WIRE)--Li-Cycle Corp. (NYSE: LICY) (“Li-Cycle” or the “Company”), an industry leader in lithium-ion battery resource recovery and the leading lithium-ion battery recycler in North America, was pleased to host Senate Majority Leader Charles E. Schumer at the Company’s Rochester Hub within the Eastman Business Park near Rochester, New York.
Senator Schumer’s leadership was instrumental in passing the Inflation Reduction Act (IRA), which allocates more than $300 billion in funding towards energy security and the fight against climate change, including provisions to support domestic manufacturing of critical materials for electric vehicles (EVs) in the United States. Additionally, Senator Schumer provided key leadership for the Bipartisan Infrastructure Investment and Jobs Act (IIJA), which supports continued job growth in the United States.
The recently passed Acts are expected to be a further accelerator to support the increasing demand for EVs and stationary energy storage. Additionally, they are expected to reduce the cost of building new facilities to produce critical materials domestically and help bring down manufacturing costs for batteries.
During the event at the Company’s Rochester Hub facility, Senator Schumer and Li-Cycle’s CEO and co-founder Ajay Kochhar were joined by the local Li-Cycle team to recognize the benefits of the IRA and IIJA, the facility’s expected positive impact on the local communities and the greater North American lithium-ion battery supply chain.
Li-Cycle’s patented, commercial lithium-ion battery recycling technologies play a key role in supporting localized supply chains of critical battery grade materials. The Rochester Hub is expected to be the first commercial hydrometallurgical battery resource recovery facility as well as the first new significant source of battery-grade lithium carbonate production in North America. The facility is expected to process battery material that is equivalent to approximately 225,000 electric vehicles per year, which will position the Company as a leading domestic supplier of critical battery-grade materials.
“We are thrilled to have hosted Senator Schumer at our Rochester Hub facility and thank him for his leadership in sponsoring the Inflation Reduction Act and the Bipartisan Infrastructure Investment and Jobs Act, both monumental developments for a clean energy future and job growth across the United States,” said Ajay Kochhar, co-founder and CEO of Li-Cycle. “We expect that this legislation will accelerate the growth of the EV and stationary energy storage industry and we believe Senator Schumer’s visit further validates the importance of our Rochester Hub facility and the positive impact it will have for the supply of domestic critical materials.”
“Li-Cycle has a first mover advantage and is well positioned to continue to scale to support the ability of domestic battery manufacturers and automakers in the U.S. to meet their production goals and domestic material sourcing requirements,” added Mr. Kochhar. “The Company’s environmentally sustainable and patented technologies are proven in the North American market as a leading way to recycle lithium-ion batteries. With these legislative programs, Li-Cycle has both the opportunity to explore government funding opportunities to potentially benefit our growth and the capability to assist automakers in achieving the Clean Vehicle Tax Credit conditions by meeting their domestic production content requirement through critical battery materials sourced from our Spoke & Hub recycling network.”
Li-Cycle’s current project pipeline of Spoke & Hub facilities expects to have a total of 65,000 tonnes of lithium-ion battery Spoke processing capacity between North America and Europe, with the Rochester Hub capable of processing 35,000 tonnes of black mass annually (equivalent to approximately 90,000 tonnes of lithium-ion battery input annually). Li-Cycle’s Spoke facilities process end-of life batteries and battery manufacturing scrap through a proprietary submerged shredding process which produces minimal wastewater and direct emissions. The primary output product of Li-Cycle’s Spokes is black mass, containing of a number of highly valuable critical metals, including lithium, cobalt and nickel. Li-Cycle will convert black mass into battery-grade materials at the Rochester Hub in an environmentally sustainable manner using its proprietary technologies.
The Rochester Hub is expected to create approximately 220 new permanent jobs and more than 1,000 jobs during construction. Li-Cycle has an existing Spoke facility in Rochester that supports more than 35 jobs. Li-Cycle expects to begin commissioning the Rochester Hub in stages in calendar 2023.
About Li-Cycle Holdings Corp.
Li-Cycle (NYSE: LICY) is on a mission to leverage its innovative Spoke & Hub Technologies™ to provide a customer-centric, end-of-life solution for lithium-ion batteries, while creating a secondary supply of critical battery materials. Lithium-ion rechargeable batteries are increasingly powering our world in automotive, energy storage, consumer electronics, and other industrial and household applications. The world needs improved technology and supply chain innovations to better manage battery manufacturing waste and end-of-life batteries and to meet the rapidly growing demand for critical and scarce battery-grade raw materials through a closed-loop solution. For more information, visit https://li-cycle.com/.
Forward Looking Information Disclaimer
Certain statements contained in this press release may be considered “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the U.S. Securities Act of 1933, as amended, Section 21 of the U.S. Securities Exchange Act of 1934, as amended, and applicable Canadian securities laws. Forward-looking statements may generally be identified by the use of words such as “believe”, “may”, “will”, “continue”, “anticipate”, “intend”, “expect”, “should”, “would”, “could”, “plan”, “potential”, “future”, “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements contain such identifying words. Forward-looking statements in this press release include but are not limited to statements about the expected positive impact of the Inflation Reduction Act and the Bipartisan Infrastructure Investment and Jobs Act; the timing of the start of commissioning in stages of the Rochester Hub; the expected positive impact of the Rochester Hub including in relation to local employment; and the timing and achievement of the roll-out of the Li-Cycle’s global Spoke & Hub network. These statements are based on various assumptions, whether or not identified in this press release, which Li-Cycle believe are reasonable in the circumstances. There can be no assurance that such estimates or assumptions will prove to be correct and, as a result, actual results or events may differ materially from expectations expressed in or implied by the forward-looking statements.
Forward-looking statements involve inherent risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Li-Cycle, and which may cause actual results to differ materially from the forward-looking information. Li-Cycle believes that these risks and uncertainties are related (but not limited) to the following: Li-Cycle’s ability to economically and efficiently source, recover and recycle lithium-ion batteries and lithium-ion battery manufacturing scrap, as well as third party black mass; Li-Cycle’s risks related to Li-Cycle’s international expansion, on a timely basis or at all; Li-Cycle’s ability to develop its current and future capital projects in a timely manner and their success once completed; Li-Cycle’s engagement in strategic transactions that could disrupt its business, cause dilution to its shareholders, reduce its financial resources, result in the incurrence of debt, or prove not to be successful; disruptions to operations; ability to access additional funds on commercially reasonable terms or at all when it needs them; a decline in the adoption rate of electric vehicles, or a decline in the support by governments for “green” energy technologies; decreases in benchmark prices for the materials contained in Li-Cycle’s products; the development of an alternative chemical make-up for lithium-ion batteries or battery alternatives; Li-Cycle’s reliance on a limited number of customers and Li-Cycle’s projected revenues for its Rochester Hub being derived from a single customer; increases in income tax rates, changes in income tax laws or disagreements with tax authorities; fluctuations in foreign currency exchange rates which could result in declines in reported sales and net earnings; unfavourable economic conditions, such as consequences of the global COVID-19 pandemic; natural disasters, epidemic or pandemic outbreaks, cybersecurity incidents, boycotts and geo-political events; Li-Cycle’s ability to protect or enforce its intellectual property rights or intellectual property rights claims by third parties; and Li-Cycle’s failure to effectively remediate the material weakness in its internal control over financial reporting that it has identified or its failure to develop and maintain a proper and effective internal control over financial reporting.
These and other risks and uncertainties related to Li-Cycle’s business and the assumptions on which the forward-looking information is based are described in greater detail in the sections entitled "Risk Factors" and “Key Factors Affecting Li-Cycle’s Performance” in its Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission and the Ontario Securities Commission in Canada on January 31, 2022.
Li-Cycle assumes no obligation to update or revise any forward-looking statements, except as required by applicable laws. These forward-looking statements should not be relied upon as representing Li-Cycle’s assessments as of any date subsequent to the date of this press release.
Investor Relations
Nahla A. Azmy
Sheldon D’souza
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Louie Diaz
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MILPITAS, Calif.--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, has announced today at RE+ (booth #2416) Anaheim, California the launch of the SolarEdge Home Load Controller, the latest addition to the SolarEdge Home ecosystem, enabling longer and smarter backup control. Available for orders from October 2022.
The SolarEdge Home Load Controller is a wireless device that is designed to optimize energy consumption by controlling heavy load home appliances. Compactly designed, the size of a card deck, the Load Controller is easy-to-install, enabling remote and automatic control of home appliances such as heat pumps, EV chargers, pool and well pumps, HVAC and others. As a result, homeowners are able to increase their solar self-consumption by using excess energy that would otherwise be lost and extend their battery backup time during grid outages.
Once installed, the load controller seamlessly integrates with the user-friendly mySolarEdge App, enabling homeowners to control loads directly from their smartphone. Homeowners can now schedule and track their solar energy production, battery storage, grid services (if connected), and solar self-consumption. The SolarEdge Home operating system best calculates energy usage and savings, according to personal preference while considering external factors such as weather events and utility rates.
Peter Mathews, North America General Manager of SolarEdge, said: “Smart energy management is becoming crucial as electricity costs continue to escalate and grid outages become more prevalent. There is a growing need for tools and technology that manage solar energy consumption in a smarter and coordinated way. We believe that this will pave the way for energy independence and sustainable living.”
For more information on SolarEdge Home please visit www.solaredge.com/solaredge-home
About SolarEdge Technologies, Inc.
SolarEdge is a global leader in smart energy technology. By leveraging world-class engineering capabilities and with a relentless focus on innovation, SolarEdge creates smart energy solutions that power our lives and drive future progress. SolarEdge developed an intelligent inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge DC optimized inverter seeks to maximise power generation while lowering the cost of energy produced by the PV system. Continuing to advance smart energy, SolarEdge addresses a broad range of energy market segments through its PV, storage, EV charging, batteries, electric vehicle powertrains and grid services solutions. For more information, visit solaredge.com
Lily Salkin
Global PR & Media Relations Manager
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Head of Corporate Communications and Global PR
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Bidders From All 50 States and 17 Foreign Countries
ODESSA, Texas--(BUSINESS WIRE)--#machineryauctioneers--The Permian Basin saw two competitive auction companies, Machinery Auctioneers and Superior Energy Auctioneers, come together for a common goal. On Tuesday, September 13, 2022, oilfield equipment, trucks, heavy equipment, and other items were auctioned in person and online. The auction saw nearly 2,000 registered bidders from all 50 states and 17 foreign countries.
With over 71,000 catalog views, 498 lots were sold over a single day auction totaling over $30M. With their growing customer base and continued ability to provide high value, competitive auctions to their customers, this past sale provided another indication of the future for the company.
“We partnered with Superior because they’re the leaders in the oilfield industry, and we know trucks like nobody else. We’ve had several customers say this was the most impressive spread of trucks and equipment they’ve seen anywhere this year. We think we delivered that yesterday,” stated Terry Dickerson, CEO Machinery Auctioneers.
In light of the shortage of equipment, trucks and other vital resources necessary for oil production in the Permian Basin, this auction featured many high value lots that were of immense interest to those in the industry. Featured were trucks, coil tubing units, nitrogen and frac pumps, and other oilfield equipment.
For more information go to MachineryAuctioneers.com or SuperiorAuctioneers.com.
Machinery Auctioneers is a locally owned auction service company based in Texas specializing in big trucks, trailers, construction machinery, and oilfield equipment. Since 2010, we have sold over half a billion in equipment at auction.
Terry Dickerson
(210) 363-4349
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www.machineryauctioneers.com
MADISON, Wis.--(BUSINESS WIRE)--#employeescheduling--Dynamic, union-driven organizations are changing the way they manage complex employee scheduling, planning, and engagement by leveraging Indeavor’s first-to-market People Operations Platform. Through purpose-built technology, Indeavor has developed real-time transparency and automated adherence to union, local, and federal rules.
The relationship between union and company employees is more important than ever for both individual organizations and global economic growth. Indeavor is enabling a culture of trust and transparency through its differentiated functionally, including:
“The relationship between union and company employees has long been underserved,” says Brandon Schwarz, Chief Executive Officer at Indeavor. “With verticalized technology, priorities such as strong union-company working partnerships and operational optimization no longer have to be mutually exclusive.”
14 million unionized employees are currently represented within the US domestic labor market. This is expected to increase in both private and public sectors, with 2022 seeing a 58% increase YOY in petition submissions to the National Labor Relations Board. With primary focus areas such as consistent schedules, flexible work, and safe workspaces, technology is a key enabler to optimal employee experience and business objective achievement.
About Indeavor
Indeavor is the world’s leading People Operations Platform – a modern, cloud application enabling your industrial enterprise to plan, schedule, manage, and engage your workforce in accordance with whatever you create, protect, or produce. Never use excel or paper to schedule your employees again – digitize and streamline the entire process with Indeavor. Learn more at Indeavor.com.
Chantel Soumis, Global Marketing Director
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(608) 579-9003
Allison eGen Power® 100S electric axles will be integrated into light-duty truck and midibus platforms for refuse, distribution and public transportation
INDIANAPOLIS--(BUSINESS WIRE)--Allison Transmission, a leading designer and manufacturer of conventional, electric hybrid and fully electric vehicle propulsion solutions, is pleased to announce a strategic joint cooperation agreement (JCA) with Turkey's leading bus and truck manufacturer Anadolu Isuzu. As a part of this JCA, Allison eGen Power® 100S electric axles will be integrated into Anadolu Isuzu's light-duty truck and midibus platforms for refuse, distribution and public transportation applications.
“This is an exciting partnership for Allison as we continue to expand our eGen Power portfolio to deliver on our commitment to provide the most reliable and valued propulsion solutions in the world,” said Heidi Schutte, Vice President of EMEA, APAC and South America Sales for Allison Transmission. “Allison’s conventional transmissions have been the preferred solution for Anadolu Isuzu’s bus platforms for more than 10 years, and we’re pleased to continue our longstanding relationship by delivering innovative solutions to our joint customers, including many truck and midibus fleets in Turkey, the Middle East and Europe.”
This integration program marks a critical step in Anadolu Isuzu’s efforts to deliver vehicles that reduce emissions and carbon footprint, while also improving vehicle performance. Allison eGen Power 100S electric axles enable the production of electric trucks and buses that not only meet the current performance criteria but go beyond them, while maintaining the quality and reliability Anadolu Isuzu and Allison have earned a reputation for over decades.
In addition to being an established producer of buses and trucks locally, Anadolu Isuzu designers and engineers are developing next-generation electric vehicles for countries across Europe. Many countries are implementing measures to reduce emissions that contribute to global warming, in response to European greenhouse gas regulations, directives and the European Green Deal.
The eGen Power 100S e-Axle integrates a high-speed electric motor and a multi-speed transmission, eliminating the need for additional drive shafts and support structures. This allows it to fit easily between the wheels, leaving critical space for battery storage. With continuous power of 304 hp (227 kW) and peak output power of 437 hp (326 kW), the eGen Power 100S is among the most powerful propulsion solutions in its class, with an architecture tuned for high acceleration and high top speed without sacrificing efficiency. This ensures Anadolu Isuzu's light-duty trucks and midibuses will deliver unparalleled performance, reliability and increased maneuverability.
About Allison Transmission
Allison Transmission (NYSE: ALSN) is a leading designer and manufacturer of propulsion solutions for commercial and defense vehicles and the largest global manufacturer of medium- and heavy-duty fully automatic transmissions that Improve the Way the World Works. Allison products are used in a wide variety of applications, including on-highway trucks (distribution, refuse, construction, fire and emergency), buses (school, transit and coach), motorhomes, off-highway vehicles and equipment (energy, mining and construction applications) and defense vehicles (tactical wheeled and tracked). Founded in 1915, the company is headquartered in Indianapolis, Indiana, USA. With a presence in more than 150 countries, Allison has regional headquarters in the Netherlands, China and Brazil, manufacturing facilities in the USA, Hungary and India, as well as global engineering resources, including electrification engineering centers in Indianapolis, Indiana, Auburn Hills, Michigan and London in the United Kingdom. Allison also has more than 1,400 independent distributor and dealer locations worldwide. For more information, visit allisontransmission.com.
Claire Gregory
Director, Global External Communications
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(317) 694-2065
New S-Series Power Optimizers include new sensor technology for improved safety in Commercial PV
MILPITAS, Calif.--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (“SolarEdge”) (NASDAQ: SEDG), a global leader in smart energy technology, has announced today at RE+ (booth #2416) Anaheim, California, the launch of the S-Series, new range of smart Power Optimizers. Now available for commercial and industrial PV applications across North America, the next generation Power Optimizers adds SolarEdge Sense Connect technology to its multi-layered approach for safety.
SolarEdge Sense Connect is an industry-first technology that detects temperature increase at the connector level to prevent potential electric arcs. By detecting and reacting to abnormal connector overheating that may happen due to faulty installations or connectors, SolarEdge Sense Connect technology stops power flow before an arc can occur. With module-level site visibility, operation and maintenance (O&M) providers are informed of the pinpointed location of the connector, so repairs can be conducted swiftly and easily. This helps maximize system safety, uptime and reduce O&M costs. The SolarEdge Sense Connect technology joins an expanded range of safety features, among them the SafeDCTM technology that is designed to enable the PV systems’ DC voltage to be automatically reduced to touch-safe levels (1V DC per module), in grid failures or when the inverter is shut down. Adding to these the Rapid Shutdown feature, installers can activate SafeDC at the flip of a switch, discharging the conductors to safe voltage levels within just 30 seconds.
The S-Series Power Optimizer is designed to accommodate higher power modules and bi-facial modules, which due to the rear-side module mismatch can suffer from even greater potential power loss. Providing 99.5% efficiency and supporting two high power, high input current PV modules, the S-Series lowers Levelized Cost of Energy thanks to higher yield and enables longer and more powerful strings.
In addition, the S-Series offers a simplified cable layout, allowing faster installation and reducing potential isolation faults.
“Multi-layered safety technology and ease of installation are key differentiators of our technology, alongside advances in energy efficiency and improved economics which are additional important factors for the proliferation of solar energy,” states Peter Mathews, General Manager of SolarEdge North America. “We will continue to set benchmarks in industry safety by focusing on innovative solutions that bring even more reliability to the market.“
About SolarEdge
SolarEdge is a global leader in smart energy technology. By leveraging world-class engineering capabilities and with a relentless focus on innovation, SolarEdge creates smart energy solutions that power our lives and drive future progress. SolarEdge developed an intelligent inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge DC optimized inverter seeks to maximize power generation while lowering the cost of energy produced by the PV system. Continuing to advance smart energy, SolarEdge addresses a broad range of energy market segments through its PV, storage, EV charging, batteries, electric vehicle powertrains, and grid services solutions. SolarEdge is online at solaredge.com
Lily Salkin
Global PR & Media Relations Manager
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Winners to Be Announced at an Awards Ceremony in London on November 15
EXTON, Pa.--(BUSINESS WIRE)--Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced the finalists in the 2022 Going Digital Awards in Infrastructure. The annual awards program honors the extraordinary work of Bentley software users advancing infrastructure design, construction, and operations throughout the world. Eleven independent jury panels selected the 36 finalists from over 300 nominations submitted by more than 180 organizations from 47 countries encompassing 12 categories.
The winners will be revealed on November 15 during the 2022 Going Digital Awards in Infrastructure celebrations in London at the Intercontinental Park Lane in front of invited press members and industry executives. Finalists presentations will be available for viewing using this link on November 7, 2022. Visit the site to hear from the people behind these extraordinary infrastructure projects as they tell their stories of leveraging digital advancements to achieve unprecedented outcomes.
Nicholas Cumins, Bentley’s chief operating officer, said, “After two years of hosting the event virtually, we are excited to reunite in person with the Going Digital Awards’ finalists to celebrate their accomplishments along with press members and industry analysts. Bentley executives will share insights about digital advancements in infrastructure along with updates on Bentley applications and technology innovations.”
The finalists in the 2022 Going Digital Awards in Infrastructure are:
Bridges and Tunnels
Construction
Enterprise Engineering
Facilities, Campuses, and Cities
Geoprofessional
Grid
Process and Power Generation
Rail and Transit
Roads and Highways
Structural Engineering
Surveying and Monitoring
Water and Wastewater
For more information about the finalists, visit this link.
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About Bentley Systems
Bentley Systems (Nasdaq: BSY) is the infrastructure engineering software company. We provide innovative software to advance the world’s infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, for the design, construction, and operations of roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, mining, and industrial facilities. Our offerings include MicroStation-based applications for modeling and simulation, ProjectWise for project delivery, AssetWise for asset and network performance, Seequent’s leading geoprofessional software portfolio, and the iTwin platform for infrastructure digital twins. Bentley Systems employs more than 4,500 colleagues and generates annual revenues of approximately $1 billion in 186 countries.
www.bentley.com
© 2022 Bentley Systems, Incorporated. Bentley, the Bentley logo, AssetWise, iTwin, MicroStation, ProjectWise, and Seequent are either registered or unregistered trademarks or service marks of Bentley Systems, Incorporated or one of its direct or indirect wholly owned subsidiaries. All other brands and product names are trademarks of their respective owners.
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DUBLIN--(BUSINESS WIRE)--The "Global Retail Oil and Gas Logistics Market 2022-2026" report has been added to ResearchAndMarkets.com's offering.
The retail oil and gas logistics market is poised to grow by $1.20 bn during 2022-2026, accelerating at a CAGR of 7.1% during the forecast period. The report on the retail oil and gas logistics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the rise in the number of automobiles on roads, rising urbanization and industrialization, and shifting freight from over-the-road to intermodal transportation.
The retail oil and gas logistics market analysis includes the mode of transportation segment and geographic landscape.
The retail oil and gas logistics market is segmented as below:
By Mode of Transportation
By Geographical Landscape
This study identifies the growing demand for oil and natural gas as one of the prime reasons driving the retail oil and gas logistics market growth during the next few years. Also, new exploration policies and rising fuel supply will lead to sizable demand in the market.
The report on the retail oil and gas logistics market covers the following areas:
Key Topics Covered:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Mode of Transportation
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/m8b6ei
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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HOUSTON--(BUSINESS WIRE)--$TELL #LNG--Tellurian Inc. (Tellurian or the Company) (NYSE American: TELL) today announced that, due to uncertain conditions in the high-yield market, it has withdrawn its proposed public offering of units consisting of 11.25% senior secured notes due 2027 and warrants to purchase shares of Tellurian common stock.
About Tellurian Inc.
Tellurian is developing a portfolio of natural gas production, LNG marketing and trading, and infrastructure that includes an ~ 27.6 mtpa LNG export facility and an associated pipeline. Tellurian is based in Houston, Texas, and its common stock is listed on the NYSE American under the symbol “TELL.”
CAUTIONARY INFORMATION ABOUT FORWARD-LOOKING STATEMENTS
Statements in this press release other than statements of historical fact are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to a number of risks and uncertainties that may cause actual results to differ materially from the forward-looking statements. Tellurian urges you to carefully review and consider the cautionary statements made in this press release and the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021 and other filings with the SEC for further information on risks and uncertainties that could affect the Company’s business, financial condition and results of operations. The Company cautions you not to place undue reliance on forward-looking statements, which speak only as of the date made. Tellurian undertakes no obligation to update any forward-looking statements in order to reflect any event or circumstance occurring after the date of this press release or currently unknown facts or conditions or the occurrence of unanticipated events. All forward-looking statements are qualified in their entirety by this cautionary statement.
Media:
Joi Lecznar
EVP Public and Government Affairs
Phone +1.832.962.4044
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Vice President, Investor Relations
Phone +1.832.320.9331
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VAMDRUP, Denmark & HERNING, Denmark & LOS ANGELES--(BUSINESS WIRE)--DAT A/S, Everfuel A/S, and Universal Hydrogen Co. have today announced a collaborative agreement to transform regional aviation in Denmark by enabling completely zero-emissions flight using clean hydrogen by the end of 2025.
The three companies will combine their respective expertise in flight operations, hydrogen fuel production, and hydrogen logistics and aircraft propulsion to bring into service hydrogen-powered ATR 72-600 regional aircraft on DAT routes in Denmark, with the goal of converting all of DAT's domestic flights to true zero emission flights by 2030.
DAT A/S is an experienced regional operator transporting close to one million passengers every year within Denmark, and to destinations across Europe. It plans to use ATR 72s converted using Universal Hydrogen technology. These aircraft will accommodate 56 passengers following conversion to hydrogen. Universal Hydrogen will also provide fuel services to supply green hydrogen produced by Everfuel using modular capsules, without the need for changes to existing airport infrastructure.
"The domestic flight of the future in Denmark can become 100% emission-free via hydrogen-powered aircraft," said DAT director Jesper Rungholm "Universal Hydrogen is in the advanced stages of developing a modification for our regional aircraft type, the ATR 72, making this possible as early as 2025. It will be perfectly suited to typical flight distances in Denmark and we are sure that customers will value flights that only emit clean water."
The green hydrogen will be produced by Everfuel, an energy production and distribution company based in Herning. The hydrogen will be produced based on renewable energy at Everfuel’s first Power-to-X (PtX) plant in Fredericia.
“At Everfuel, we are excited about the new collaboration, as our entire mission is to achieve a fossil-free society,” said Everfuel CEO Jacob Krogsgaard. “This applies particularly to the airline industry, where action must be taken now if we are to avoid exacerbating the climate crisis. The new consortium can deliver the whole package, where our role is to deliver the green hydrogen. Then our partners utilize the hydrogen in the planes, as hydrogen-based planes are the best use of resources if we are to achieve emission-free domestic flights."
The collaborative effort between the three companies follows the Government of Denmark’s request for tender, also announced today, to develop zero-emission commercial flights in Denmark.
“Collectively DAT, Everfuel, and Universal Hydrogen, possess the expertise needed to achieve Denmark’s ambitious target of achieving not just net zero but true zero emissions commercial flight as early as 2025,” said Paul Eremenko, co-founder and CEO of Universal Hydrogen. “DAT’s domestic network is a perfect early application for hydrogen fuel, and with the support of Everfuel, we can rapidly develop a complete hydrogen ecosystem in Denmark to usher in a new golden age of aviation built on clean flight.”
About DAT
DAT is a Danish airline founded in 1989 by Kirsten and Jesper Rungholm. DAT, formerly known as Danish Air Transport, started as a freight carrier 33 years ago operating with a single twin engine Shorts Skyvan that flew with everything from mail and packages to racehorses. Today DAT transports close to one million passengers every year in a fleet of 20 ATR and Airbus A320 aircraft on regional routes in Denmark, Norway, Italy and Germany. DAT is also offering ad hoc charter services and is operating ACMI contracts worldwide out of its five main bases.
About Everfuel
Everfuel is making green hydrogen for zero emission mobility commercially available across Europe, offering competitive all-inclusive hydrogen supply- and fueling solutions. We own and operate green hydrogen infrastructure and partner with vehicle OEMs to connect the entire hydrogen value chain and seamlessly provide hydrogen fuel to enterprise customers under long-term contracts. Green hydrogen is a 100% clean fuel made from renewable energy and key to electrification of the transportation sector in Europe and a sustainable future. We are a young ambitious company, headquartered in Herning, Denmark, and with activities in Norway, Denmark, Sweden, The Netherlands, Germany and Belgium, and a plan to grow across Europe. Everfuel is listed on Euronext Growth in Oslo under EFUEL.
About Universal Hydrogen
Universal Hydrogen is building a hydrogen logistics network to fuel the future of aviation today. Hydrogen is the ideal fuel for flight and will power aviation’s new golden age, where planes are powered by renewables and emit nothing but water. The company’s modular hydrogen capsules move over the existing freight network from production directly to the airplane anywhere in the world. Universal Hydrogen is also working to certify a powertrain conversion kit to retrofit existing regional aircraft to fly on hydrogen. The company has gathered the world’s leading aviation and hydrogen talent to give the industry the option of clean flight, forever. Universal Hydrogen has engineering centers in Los Angeles and Toulouse, and operating entities in Denmark and Canada.
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Advances in real-time tracking, on-demand insights, and automated trailer monitoring deliver radical transparency into shipment status and supply chain health
SEATTLE--(BUSINESS WIRE)--Convoy, the nation’s leading digital freight network, today introduced Hi-Fi Visibility, a new approach that provides shippers with an unparalleled level of depth and insights into their freight. Hi-Fi Visibility provides detailed, real-time updates across trailer pools and shipments hauled by Convoy-connected carriers as well as robust analytics to improve supply chain health. These capabilities are enabled by Convoy’s industry-leading app use, with carriers using Convoy's app 97% of the time at every step of the job. This powers its base of more than 400,000 connected trucks, allowing Convoy to collect massive data sets and pair them with machine learning models to help shippers improve their freight operations. Convoy also leverages these capabilities to predict supply chain disruptions across its network and proactively mitigate shipment delays. Accessible through TMS integrations, APIs, and Convoy’s popular shipper platform, new capabilities include high-fidelity shipment tracking and an interactive insights dashboard as well as detailed trailer monitoring services that automate the delivery of location, condition and availability data for Convoy drop-and-hook trailers at customer facilities.
Shippers have long struggled with a lack of visibility into their freight operations — both in getting complete data to respond to real-time shipment disruptions and in identifying broader trends to improve operational efficiency. Other transportation providers promise real-time visibility, but are often hindered by carrier compliance on app use, which limits the availability of timely and comprehensive data. This sporadic visibility impedes shippers’ ability to respond to disruptions as they occur and get insights into emergent trends through carrier feedback, which can highlight facility bottlenecks, excessive dwell times, poor carrier service, and other costly operational issues.
Available at no additional cost, Convoy’s enhanced visibility capabilities now include:
Central to Convoy’s Hi-Fi Visibility offering is its load execution platform — a set of machine-learning models and process automation that enhance the data collected through the company’s GPS-enabled app with real-time data from other drivers, trailers, facilities, and lanes. These models update every five minutes, improving the accuracy and visibility into ETAs, shipment status, and shipment delays when they occur. In addition to providing visibility benefits, the platform also predicts supply chain disruptions and allows Convoy’s team to respond in real time to events like driver cancellation - eliminating logistical hassle and operational costs for customers.
“Creating a new class of visibility requires surfacing actionable insights from a complex data set that changes by the minute,” said Dorothy Li, CTO of Convoy. “Not only do we collect more data than other freight providers, we go one step further by distilling that data into interactive dashboards that surface anomalies shippers can act on to save time and money. With Hi-Fi Visibility, we want transportation teams to spend less of their time chasing down trucks so that we can partner with them to tackle higher-value, complex problems surfaced through Convoy’s unique insights.”
Convoy customers can access high-fidelity shipment tracking and advanced insights today via connect.convoy.com, with benchmarking and the new facility dashboard available later this fall. Learn more by visiting convoy.com/supply-chain-visibility.
About Convoy
Convoy is the nation’s leading digital freight network. We move thousands of truckloads around the country each day through our optimized, connected network of carriers, saving money for shippers, increasing earnings for drivers, and eliminating carbon waste for our planet. We use technology and data to solve problems of waste and inefficiency in the $800B trucking industry, which generates over 87 million metric tons of wasted CO2 emissions from empty trucks. Fortune 500 shippers like Anheuser-Busch, Procter & Gamble, Niagara, and Unilever trust Convoy to lower costs, increase logistics efficiency, and achieve environmental sustainability targets.
Media:
Sam Hallock
425-241-8954
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This transaction will provide customers with expanded product and technology offerings, along with supply chain security
PORTLAND, Ore.--(BUSINESS WIRE)--Global energy storage platform provider Powin LLC (Powin) today announced the acquisition of EKS Energy (EKS), a leading provider of advanced power electronics and energy management solutions for energy storage and renewables. This transaction ensures new and existing Powin customers will receive enhanced product and technology offerings, enabling Powin to deliver a fully integrated grid-scale energy storage experience with supply chain security.
As the world transitions to cleaner energy sources, global demand for energy storage will continue to surge to an estimated market of $49 billion by 2028, according to Bloomberg New Energy Finance. To better serve this fast-growing market, this acquisition expands Powin’s offering to include the EKS Power Conversion System and Power Plant Controller, enabling Powin to deliver a complete AC energy storage platform capable of advanced control functionality to support microgrid applications while interfacing with multiple generation assets. Other new products include PV inverters, DC-to-DC converters and multi-port inverters, which are used to maximize performance and profits for utility-scale solar plus energy storage projects.
“The EKS acquisition will give us direct access to an industry-leading team, their power conversion technology, advanced controls, and decade’s worth of experience; enabling Powin to offer a fully wrapped solution to further enhance the customer experience,” said Powin CEO Geoff Brown. “This landmark deal accelerates our mission to building the grid of the future by delivering safe, scalable and integrated storage solutions.”
“With over a decade of experience and 4.5GW of global inverter installations, the EKS Energy team has proven to be able to deploy and interconnect our solutions in many of the toughest and complicated grid conditions in the world. With Powin, there is endless potential in how we can integrate our software capabilities, as well as our AC and DC hardware together into a seamless package at large scale,” said EKS Energy CEO, Javier Landero.
Both Powin and EKS remain committed to serving our customers by offering a wide range of energy storage solutions to build a cleaner, safer, and more resilient power grid.
About Powin
Powin is a global leader in the design and manufacture of safe and scalable energy storage solutions. Our innovative and cost-effective hardware and software are revolutionizing the way energy is generated, transmitted, and distributed, helping the world achieve decarbonization objectives. Powin has delivered over 2,500 MWh of BESS in over 8 different countries and has a contracted pipeline to supply over 10,000 MWh of energy storage systems globally over the next three years. To learn more, please visit www.powin.com.
About EKS Energy
EKS is a designer, manufacturer and system integrator of advanced power electronics and energy management solutions for distributed energy generation/storage and grid management to address energy market challenges. Since 2002, EKS develops "turnkey" energy solutions, through the complete integration of renewables and/or storage systems, with the aim of meeting both the needs of the client and the most demanding grid codes, even in harsh environments.
Amy Silber
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Latest Win Follows Other Recent Announcements of 210 MW and 180 MW Projects Using Ampt’s Fixed Voltage DC-coupled Architecture
FORT COLLINS, Colo.--(BUSINESS WIRE)--Ampt, the world’s #1 DC optimizer company for large-scale photovoltaic (PV) systems, today announced that it received a 380 MW order for Ampt String Optimizers to power a solar-plus-storage power plant. This latest win is the company’s largest solar-plus-storage project to date outsizing the 210 MW and 180 MW projects also recently announced. The projects use Ampt’s high, fixed-voltage PV+DC-coupled energy storage technology to lower system capital expenses and improve performance.
The 380 MW power plant uses Ampt String Optimizers to connect the PV system to 600 MWh of energy storage through a shared DC bus – commonly referred to as a “DC-coupled” architecture. The solar-plus-storage power plant will supply a clean, renewable source of electricity to consumers and provide transmission-level grid support to the California Independent System Operator (CAISO) power grid market.
Ampt String Optimizers are DC/DC converters that improve system performance by applying maximum power point tracking (MPPT) to each string of PV modules and then delivering that full power at a high and fixed voltage rather than the variable and lower voltage of systems without Ampt. These features reduce the current requirements of the entire system which lowers the costs of electrical components such as cables, battery converters, and inverters. Ampt’s predictable DC bus voltage also simplifies battery and inverter controls to improve grid responsiveness of the power plant.
Today’s order announcement is Ampt’s largest solar-plus-storage project to date. The 380 MW system outsizes the record-setting Latin America projects announced by the company a few months ago. Each of the hybrid solar-plus-storage power plants helps avoid expensive transmission system upgrades by providing additional operational capacity to existing lines which allows the energy produced and stored in one location to be transmitted to another location when the lines are less congested.
“The growing number and size of grid-scale solar-plus-storage projects is a testament to their increasing importance to the power infrastructure in the U.S. and globally.” said Levent Gun, Ampt CEO. “The cost and performance benefits of Ampt’s solution help to make these projects more economically viable.”
Ampt’s solution was highlighted last week in a new report by DNV which compared various PV+storage architectures. The report found Ampt’s high, fixed-voltage DC-coupled approach saved between 18.7 and 29.6 percent of impacted component costs compared to the other DC- and AC-coupled configurations.
Ampt is exhibiting at RE+ on September 20-22 at the Anaheim Convention Center in California. Please visit us in booth 1252 to learn about our award-winning products including our new i50 String Optimizer which will be on display.
About Ampt
Ampt delivers innovative power conversion and communication technology that are used to lower the cost and improve performance of new PV systems, repower existing systems, and enable lower cost DC-coupled storage. With installations and experience serving markets around the world, Ampt is the number one DC optimizer company for large-scale systems. The company is headquartered in Fort Collins, Colorado and has sales and support locations in North America, Europe, and Japan as well as representation in Asia, Australia, and the Middle East. For more information, visit www.ampt.com and follow Ampt@LinkedIn.
Ampt
Mark Kanjorski
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BALTIMORE--(BUSINESS WIRE)--Fierce storms, 1,000-year floods and blazing heat dominated national weather patterns this summer, but customers of Constellation nuclear plants from the East Coast to the Midwest enjoyed some of the nation’s highest levels of generation reliability. Led by 12 carbon-free nuclear plants operating 24/7 and delivering clean energy to millions of homes from the mid-Atlantic and Northeast regions westward to Illinois, the grid experienced no electricity supply constraints.
“One of the greatest challenges we face as a nation is eliminating carbon emissions and continuing to reliably and affordably power our communities in the face of extreme weather driven by climate change,” said Bryan Hanson, executive vice president and chief generation officer, Constellation. “Our nuclear plants are among the most reliable sources of electricity on the planet, while also helping to address the climate crisis by providing carbon-free energy to millions of homes and businesses, when and where they need it.”
In the spring thousands of highly skilled workers performed technology upgrades and power plant equipment maintenance during refueling outages and summer preparedness projects at Constellation nuclear plants. The cutting-edge work and preventive maintenance efforts ensured millions of American homes and businesses had electricity produced from carbon-free nuclear reactors during the summer. Now, those workers will perform similar fall maintenance projects to ensure the power supply remains available to all residents during the cold winter months ahead.
“Americans are facing many challenges with extreme weather; our nuclear professionals are on site every day to ensure a reliable flow of carbon-free electricity to millions of residents,” said Dave Rhoades, chief nuclear officer, Constellation. “Our hard-working employees have dedicated themselves to making our nuclear fleet the best in the country, and that translates to an uninterrupted power supply, regardless of the weather.”
Constellation’s reliable nuclear stations provided around-the-clock, carbon-free electricity to millions of homes and businesses during the summer. The fleet’s near-perfect summer capacity factor of 99 percent means the reactors ran at nearly full power every second of every day this summer. That percentage is considerably higher than any other large scale energy sources.
Constellation’s nuclear fleet in the mid-Atlantic and Northeast U.S. includes Calvert Cliffs Nuclear Power Plant in Maryland; Limerick Generating Station and Peach Bottom Atomic Power Station in Pennsylvania; and New York facilities Fitzpatrick Nuclear Power Plant, Ginna Nuclear Power Plant, and Nine Mile Point Nuclear Station. Its Illinois nuclear fleet includes Braidwood Generating Station in Will County, Byron Generating Station in Ogle County, Clinton Power Station in DeWitt County, Dresden Generating Station in Grundy County, LaSalle County Generating Station, and Quad Cities Generating in Rock Island County.
About Constellation
Constellation Energy Corporation (Nasdaq: CEG) is the nation’s largest producer of clean, carbon-free energy and a leading supplier of energy products and services to millions of homes, institutional customers, the public sector, community aggregations and businesses, including three fourths of Fortune 100 companies. A Fortune 200 company headquartered in Baltimore, our fleet of nuclear, hydro, wind and solar facilities have the generating capacity to power approximately 20 million homes, providing 10 percent of all carbon-free energy on the grid in the U.S. Our fleet is helping to accelerate the nation’s transition to clean energy with more than 32,400 megawatts of capacity and annual output that is nearly 90 percent carbon-free. We have set a goal to achieve 100 percent carbon-free power generation by 2040 by leveraging innovative technology and enhancing our diverse mix of hydro, wind and solar resources paired with the nation’s largest nuclear fleet. Follow Constellation on Twitter @ConstellationEG.
Brett Nauman
Constellation Communications
(410) 470-9700
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ALEXANDRIA, Va.--(BUSINESS WIRE)--VSE Corporation (NASDAQ: VSEC, “VSE, “the Company”) a leading provider of aftermarket distribution and maintenance, repair and overhaul (MRO) services for land, sea and air transportation assets for government and commercial markets, today announced that President and CEO John Cuomo will be joined by other leaders of the Company to ring the opening bell of the NASDAQ Stock Market today, September 19, 2022, to commemorate the upcoming 40th anniversary of VSE’s initial public offering and listing on the exchange.
The ceremony will take place at the NASDAQ MarketSite, 4 Times Square, New York, New York. The live ceremonies will begin at 9:15 a.m. ET and can be viewed at: https://www.nasdaq.com/marketsite/bell-ringing-ceremony.
Over the last 40 years, VSE has become a market-leading aftermarket distribution, repair and solutions company with more than 5,000 customers and nearly 2,000 employees globally. VSE enters its fifth decade well-positioned for the future, with a steadfast focus on customer service and market-leading product and service offerings.
“Since our listing on NASDAQ 40 years ago, VSE has become a leading global aftermarket platform supporting mission-critical requirements for commercial and military customers,” stated John Cuomo, President and CEO of VSE Corporation. “In recognition of this milestone anniversary, we want to express our deepest gratitude to our employees, customers, suppliers and shareholders, all of whom have been integral to our legacy. We look forward to each of you being a critical part of our evolution as we continue to transform the global aftermarket.”
For photos from ceremonies and events, please visit the NASDAQ Instagram page: http://instagram.com/nasdaq and the VSE Corporation LinkedIn page: https://www.linkedin.com/company/vsecorp
ABOUT VSE CORPORATION
VSE is a leading provider of aftermarket distribution and repair services for land, sea and air transportation assets for government and commercial markets. Core services include maintenance, repair, and overhaul (MRO) services, parts distribution, supply chain management and logistics, engineering support, and consulting and training services for global commercial, federal, military and defense customers. VSE also provides information technology and energy consulting services. For additional information regarding VSE’s services and products, visit www.vsecorp.com and connect with us on LinkedIn.
Investor Contact
Noel Ryan, IRC
(720) 778-2415
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