PORTLAND, Ore.--(BUSINESS WIRE)--The Board of Directors of Northwest Natural Holding Company (NYSE: NWN) has declared a quarterly dividend of 48.5 cents per share on the Company's common stock.
The dividend will be paid on Feb. 15, 2023 to shareholders of record on Jan. 31, 2023. The Company's indicated annual dividend rate is $1.94 per share.
About NW Natural Holdings
Northwest Natural Holding Company (NYSE: NWN) (NW Natural Holdings) is headquartered in Portland, Oregon and has been doing business for more than 160 years. It owns Northwest Natural Gas Company (NW Natural), NW Natural Water Company (NW Natural Water), NW Natural Renewables Holdings (NW Natural Renewables), and other business interests.
NW Natural is a local distribution company that currently provides natural gas service to approximately 2.5 million people in more than 140 communities through more than 790,000 meters in Oregon and Southwest Washington with one of the most modern pipeline systems in the nation. NW Natural consistently leads the industry with high J.D. Power & Associates customer satisfaction scores. NW Natural owns and operates 21 Bcf of underground gas storage capacity in Oregon.
NW Natural Water currently provides water distribution and wastewater services to 150,000 people through approximately 60,000 connections for communities throughout the Pacific Northwest, Texas and Arizona. Learn more about our water business at nwnaturalwater.com.
Additional information is available at nwnaturalholdings.com.
Investor Contact: Nikki Sparley
Phone: 503-721-2530
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DUBLIN--(BUSINESS WIRE)--The "Oil Storage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global oil storage market size reached US$ 9.0 Billion in 2021. Looking forward, the market is set to reach US$ 11.5 Billion by 2027, exhibiting a CAGR of 4.17% during 2021-2027.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Oil storage refers to tanks and terminals used in oil and gas supply chains for storing processed oil in under or above-ground facilities. Some of the commonly used oil storage tanks include open-top, fixed roof, floating roof, single skin and double skin and bundled tanks.
These oil storage tanks are usually manufactured using stainless steel, plastic, carbon steel and reinforced concrete material and act as a reservoir for gasoline, aviation fuel, naphtha, liquified petroleum gas (LPG), crude oil, petrol, diesel and other derivatives. As a result, they find extensive applications across various industries, including transportation, automotive and oil and gas.
Significant growth in the oil and gas industry across the globe is one of the key factors creating a positive outlook for the market growth. With the increasing requirement for mega refining hubs, import and distribution-related facilities, there is a rising demand for efficient oil storage facilities, especially in the developing economies.
Furthermore, widespread utilization of strategic petroleum reserves (SPRs) by government organizations for maintaining oil reserves in large volumes and ensuring constant energy supply are providing a thrust to the market growth. With the rising off-shore and on-shore exploratory activities, there is a significant increase in the demand for oil storage installations.
Additionally, the utilization of advanced technologies for fabricating more durable steel tanks to prevent and minimize oil leakages during storage is contributing to the market growth.
Other factors, including the implementation of favorable government policies, along with cross-border oil trade activities, are anticipated to drive the market further.
Key Questions Answered in This Report:
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being
Key Market Segmentation:
Breakup by Material:
Breakup by Product:
Breakup by Application:
Breakup by Region:
For more information about this report visit https://www.researchandmarkets.com/r/80jpfh
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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HOUSTON--(BUSINESS WIRE)--$XPRO #Expro--Energy services provider Expro Group Holdings N.V. (NYSE: XPRO) (the “Company” or “Expro”) announced today the pricing of an underwritten offering of 8,000,000 shares of its common stock currently owned by certain funds and accounts affiliated with Oak Hill Advisors (OHA) (the “Selling Shareholders”) at a price of $16.50 per share (before underwriting discounts and commissions). The offering was upsized from the previously announced offering of 7,250,000 shares of the Company’s common stock. The Selling Shareholders have granted the underwriters a 30-day option to purchase up to 1,200,000 additional shares of the Company’s common stock. Expro is not selling any shares and will not receive any proceeds from the sale of the shares in the offering. The offering is expected to close on January 18, 2023.
Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are acting as joint book-running managers for the offering. DNB Markets, Inc., Barclays Capital Inc., Evercore Group L.L.C., HSBC Securities (USA) Inc., Piper Sandler & Co., RBC Capital Markets, LLC, and Wells Fargo Securities, LLC are also serving as book-running managers for the offering.
The Company has an effective shelf registration statement (including a prospectus) on Form S-3 on file with the U.S. Securities and Exchange Commission (the “SEC”) and has filed a preliminary prospectus supplement with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the prospectus supplement relating to and describing the terms of the offering, and other documents the Company has filed with the SEC for more complete information about the Company and this offering. You may obtain these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of the prospectus supplement and accompanying base prospectus relating to the offering, when available, may be obtained from Goldman Sachs & Co. LLC, 200 West Street, Attention: Prospectus Department, New York, New York 10282-2198, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing This email address is being protected from spambots. You need JavaScript enabled to view it.; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: 1-866-803-9204 or by emailing at This email address is being protected from spambots. You need JavaScript enabled to view it..
This press release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Expro
Working for clients across the entire well life cycle, Expro is a leading provider of energy services, offering cost-effective, innovative solutions and what the Company believes to be best-in-class safety and service quality. The Company’s extensive portfolio of capabilities spans well construction, well flow management, subsea well access, and well intervention and integrity solutions.
With roots dating to 1938, Expro has approximately 7,600 employees and provides services and solutions to leading energy companies in both onshore and offshore environments in approximately 60 countries.
Karen David-Green – Chief Communications, Stakeholder & Sustainability Officer
+1 281 994 1056
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Backed by EVLO 1000 battery storage units the project is the company’s first in Western Canada as it adds to its growing portfolio outside of Quebec.
VARENNES, Quebec--(BUSINESS WIRE)--EVLO Energy Storage Inc. (EVLO), a battery energy storage company and a subsidiary of Hydro-Québec, North America's largest renewable energy producer, is pleased to announce its participation in a renewable energy project in Summerland, British Columbia. EVLO partners with Wildstone Construction Group (Wildstone), a general contracting group named one of Deloitte’s Best Managed Canadian companies, and Skyfire Energy, Western Canada's leading solar panel installation contractor, to provide the District of Summerland with its first utility-scale solar installation that combines battery energy storage system (BESS) technology to extend the system’s output into the hours when energy demand is highest. The Summerland project includes a 0.4 MW solar array as well as four EVLO 1000 battery energy storage units and its proprietary EMS control system that will provide 4 MWh of storage capacity.
The storage system will enable peak shaving which will eliminate short-term demand spikes and lower peak loads, reducing the overall cost of demand charges. The solar installation will be geo-ballasted, meaning no ground anchors or concrete will be needed during construction of the array, helping minimize the carbon intensity of the project. More than 80% of the construction team is based locally in Okanagan.
EVLO’s battery technology and industry expertise are based on several decades of research and development on battery materials by Hydro-Québec, which has hundreds of patents in the field. Thanks to Hydro-Québec’s experience in the operation, control, and simulation of electric power systems, EVLO is uniquely positioned to develop products and services tailored to the specific needs of utilities and independent power producers. Founded in 2020, EVLO has several sites in operation and development across North America and France.
“We are honored to support this green energy initiative that stems from the district’s vision. As our first solar plus storage installation in Western Canada, EVLO is proud to work alongside Wildstone to provide our leading energy storage solutions and industry expertise for this first-of-its-kind project for the Summerland region,” said Sonia St-Arnaud, President and CEO at EVLO. “As we celebrate our second anniversary, this project builds upon our rapidly growing portfolio as we expand into markets throughout North America and abroad.
“Wildstone is thrilled to bring this solar plus storage project to Summerland and enter into the utility renewable energy space with our valued project partners, EVLO and Skyfire Energy,” said Mark Melissen, President at Wildstone. “Without their industry expertise and cost-effective solutions, none of this would have been possible.”
“Summerland is one of five municipalities in B.C. to own a local electrical utility, which provides us an opportunity to generate some of our own electricity and store it for later use at peak hours,” said District of Summerland Mayor Doug Holmes. “Storage capability is the key to helping us control costs and provide a more stable and resilient grid.”
About EVLO Energy Storage Inc.
Established in Québec, EVLO Energy Storage Inc. (EVLO) is a subsidiary of Hydro-Québec, North America’s largest renewable energy producer. EVLO is a turnkey energy storage systems provider offering customized battery energy storage systems and control software as well as installation, commissioning, monitoring and system management services. EVLO’s energy storage product line includes containerized utility-scale systems. For more information, visit https://www.evloenergy.com.
About Wildstone Construction Group
Founded in 1995 in Penticton, B.C., Wildstone Construction Group is a lean, self-perform general contracting group serving the western and northern Canadian markets. For more information, visit http://www.wildstone.com.
Media
Francis Labé
Spokesperson, Hydro-Québec
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Anne Vincent
Director, Communications and Marketing, EVLO
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450 400-2415
HAMILTON, Bermuda--(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) (“Valaris” or the “Company”) today issued a Fleet Status Report that provides the current status of the Company’s fleet of offshore drilling rigs along with certain contract information for these assets. The Fleet Status Report can be found on the “Investors” section of the Company’s website www.valaris.com.
About Valaris Limited
Valaris Limited (NYSE: VAL) is the industry leader in offshore drilling services across all water depths and geographies. Operating a high-quality rig fleet of ultra-deepwater drillships, versatile semisubmersibles and modern shallow-water jackups, Valaris has experience operating in nearly every major offshore basin. Valaris maintains an unwavering commitment to safety, operational excellence, and customer satisfaction, with a focus on technology and innovation. Valaris Limited is a Bermuda exempted company (Bermuda No. 56245). To learn more, visit our website at www.valaris.com.
Investor & Media Contacts:
Darin Gibbins
Vice President - Investor Relations and Treasurer
+1-713-979-4623
Tim Richardson
Director - Investor Relations
+1-713-979-4619
VANCOUVER, British Columbia--(BUSINESS WIRE)--Today, Carbin Minerals has unveiled a new brand identity and name - “Arca”. The update reflects the evolution of the company from its academic roots at the University of British Columbia to becoming the market leader in carbon mineralization. Arca is working to stop - and reverse - climate change by capturing carbon dioxide from the air and transforming it into rock. Arca is already collaborating with 11 mining companies and pre-sold over CDN$1M worth of carbon dioxide removal credits.
Arca’s technology accelerates a natural geochemical process called carbon mineralization, the transformation of atmospheric CO2 into stable carbonate materials. Carbon mineralization in ultramafic rocks represents a multi-gigatonne opportunity for large scale permanent carbon dioxide removal. In Latin, “arca” is a chest for safe and secure storage. The company’s mission is to restore the atmosphere by capturing and permanently locking away excess carbon dioxide from the air.
Arca partners with producers of critical metals - the mining companies delivering the minerals essential for the clean energy transition. Arca helps these companies transform their mine waste into industrial-scale direct air capture and storage facilities.
“After decades of fundamental scientific research, in the lab and in the field, we have discovered new ways to transform mine waste into a massive carbon sink,” said Prof. Greg Dipple, co-founder and Head of Science at Arca. “Our mineral activation technology significantly accelerates the natural process of carbon mineralization, transforming mine waste into a valuable new resource and climate solution.”
"The clean energy transition presents a challenge and a paradox. On the one hand, the world will need 10-20 times more nickel and other critical metals to successfully transition to clean energy. On the other hand, modern mining processes are carbon intensive," said Paul Needham, CEO of Arca. "We resolve that paradox by providing a pathway to carbon-negative mining."
Arca works with mining companies that are committed to the decarbonization of their operations. Engagements start with detailed asset portfolio reviews and progresses to material characterization and lab and field experiments to assess and quantify the carbon mineralization potential of mine waste. Then, Arca deploys its technologies on site to measure and maximize carbon mineralization, helping its partners produce carbon negative critical metals for the clean energy transition.
Arca’s technology has been recognized with a USD$1M XPRIZE Award for Carbon Removal, a Foresight50 award, and an SDTC Seed Fund grant. Arca has already pre-sold hundreds of tonnes of carbon dioxide removal (CDR) credits to Shopify and Frontier.
About Arca
Arca is the leader in carbon mineralization. The company is working to stop - and reverse - climate change by capturing carbon dioxide from the air and transforming it into rock. Co-founded by Professor Greg Dipple and other geoscientists from the University of British Columbia, Arca has developed technologies that accelerate a natural geochemical process called carbon mineralization. Arca works with producers of critical metals to decarbonize their mining operations and scale production of carbon-negative metals and minerals for the clean energy transition. For further information, please visit: www.arcaclimate.com
Media:
Jason Kinnear
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ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--Under the directive of the President of the UAE, His Highness Sheikh Mohamed bin Zayed Al Nahyan, the Deputy Prime Minister and Minister of the Presidential Court, His Highness Sheikh Mansour bin Zayed Al Nahyan, today announced the leadership team for COP28 UAE, taking place at Expo City Dubai from November 30 to December 12, 2023.
His Highness designated Dr. Sultan Ahmed Al Jaber to serve as COP President. Dr. Al Jaber will develop the COP28 agenda, in partnership with the UNFCCC’s Executive Secretary Simon Stiell and the Egyptian COP27 President Sameh Shoukry.
Her Excellency Shamma Al Mazrui, UAE Minister of State for Youth Affairs and Her Excellency Razan Al Mubarak, President of the International Union for Conservation of Nature (IUCN), will join H.E. Dr. Sultan Ahmed Al Jaber’s COP28 UAE team as the Youth Climate Champion and UN Climate Change High-Level Champion, respectively.
As the first country in the region to ratify the Paris Agreement, the first to commit to an economy-wide reduction in emissions, and the first to announce a Net Zero by 2050 strategic initiative, the UAE is committed to raising ambition in this critical decade for climate action. The UAE is honored to have been endorsed as the host for COP28. Its bid for this role was rooted in its commitment to global responsibility and climate action in recognition of the critical importance of COP28 as the first Global Stocktake (GST) review since the Paris Agreement. As such, the UAE has appointed a strong and diverse leadership team to support practical, inclusive, and transformational progress as the outcomes of a successful COP28.
Dr. Al Jaber is Minister of Industry and Advanced Technology (MoIAT), has served as Special Envoy for Climate Change for two terms (2010–2016, 2020–present) and played a proactive participatory role at over ten COPs, including the historic Paris COP21 in 2015. He brings to this task two decades of executive business and leadership experience in government, climate policy and across the renewable and conventional energy sectors.
Dr. Al Jaber is the first CEO to ever serve as COP President, having played a key role in shaping the country’s clean energy pathway. Throughout his career, he has pioneered a practical and responsible approach to accelerating the energy transition that embraces climate action, energy accessibility, energy security and economic growth.
As the founding CEO of Masdar, he has overseen its mandate to accelerate the adoption of renewables within the UAE, across the region and globally. In his current role as CEO of ADNOC, he is spearheading decarbonizing and diversifying the company’s operations and investments in a drive to make today’s energies cleaner, while investing in the clean energies of tomorrow.
As COP28 President-Designate, Dr. Al Jaber will play a crucial role in leading the intergovernmental process, building consensus, and driving climate outcomes with a broad range of partners, including business and civil society, to raise ambition.
Commenting on his appointment as President of COP28, Dr. Al Jaber said:
“The UAE is approaching COP28 with a strong sense of responsibility and the highest possible level of ambition. In cooperation with the UNFCCC and the COP27 Presidency, we will champion an inclusive agenda that ramps up action on mitigation, encourages a just energy transition that leaves no one behind, ensures substantial, affordable climate finance is directed to the most vulnerable, accelerates funding for adaptation and builds out a robust funding facility to address loss and damage.
“I sincerely believe that climate action today is an immense economic opportunity for investment in sustainable growth. Finance is the key that can unlock climate action and the UAE is committed to supporting and facilitating the review of the international financial institutions to scale up public financing, leverage private finance and improve access.
“In doing so, we will bring a pragmatic, realistic and solutions-oriented approach that delivers transformative progress for the climate and low carbon economic growth. As a nation at the crossroads of the globe, the UAE is well-positioned to build bridges, foster consensus and bring the world together in one shared mission to keep 1.5C alive and protect the planet for the generations who will follow us.
“We will take an inclusive approach that engages all stakeholders from the public and private sectors, civil society, scientific community, women, and youth. We must especially focus on how climate action can address the needs of the Global South, as those most impacted by climate change.”
He added: “COP28 will undertake the first ever Global Stocktake (GST) since the Paris Agreement. The GST will provide the foundation to build momentum for this and future COPs and the UAE will look for an ambitious outcome in response to the GST from the negotiation process. This will be a critical moment to mobilize political will to respond to what the science tells us will need to be achieved to remain on target and limit global warming to 1.5C by 2050.”
Her Excellency Shamma Al Mazrui will serve as the Youth Climate Champion, a new role designed to elevate the global youth voice throughout the COP process and ensure young people’s skills and abilities are prioritized. She is currently the UAE’s Minister of State for Youth Affairs, where she focuses on youth empowerment and capacity development. H.E. Al Mazrui is also the Vice Chair of the Arab Youth Center, the Secretary General of the Education and Human Resources Council, Chairperson for Special Olympics UAE, and President of the National Center for Education Quality.
Her Excellency Razan Al Mubarak will serve as the UN Climate Change High-Level Champion with the mandate to strengthen engagement and mobilize efforts from non-state actors, including private sector partners, cities and other sub-national governments, indigenous peoples, and civil society. She is currently the President of the International Union for Conservation of Nature, leading their campaign to preserve the world’s biodiversity.
The COP28 leadership team will be supported by the entire UAE Government, with Her Excellency Mariam Almheiri, Minister of Climate Change and Environment, continuing to engage in her critical capacity leading the UAE’s domestic efforts in addressing climate change, preserving the environment and food systems transformation.
The appointment of this diverse leadership team for COP28 UAE comes at a pivotal moment, as the world faces increasing climate impact, challenges to energy security, food and water security and reversing biodiversity loss.
The UAE looks forward to welcoming the world to COP28 and to working together with all stakeholders in pursuit of balanced, ambitious, and inclusive outcomes as a hopeful legacy for our future generations.
This material is distributed by Daniel J. Edelman, Inc. on behalf of Abu Dhabi Future Energy Company PJSC - Masdar. Additional information is available at the Department of Justice, Washington, DC.
NOTES TO EDITORS:
COP28 UAE:
UAE’s Track Record of Climate Action:
The UAE’s selection as the host country for COP28 reinforces its long track record of ambitious action on climate change. The UAE supports this vision at home and globally.
At home:
International Leadership:
COP28 UAE Leadership Team:
Dr. Sultan Al Jaber
The appointment of Dr. Sultan Al Jaber is a reflection of the UAE’s commitment to driving forward a progressive and pragmatic global transition to clean energy.
Dr. Al Jaber, the first CEO to ever serve as COP President, leverages his decades-long experience in the energy sector, encompassing both renewable and traditional energies. In 2006, directed by the UAE leadership, he led the team who took Masdar from concept to reality, with the mandate to accelerate the adoption of renewables within the UAE, across the region and globally. To date, Masdar has made significant contributions to the UAE’s renewable energy targets, playing a key role in expanding the country’s portfolio with clean energy investments in over 40 countries around the world, including several vulnerable island states and African nations.
Under a new partnership with TAQA, Mubadala and ADNOC, Masdar is set to become one of the largest renewable energy investors in the world with an ambitious target of growing to at least 100GW of renewable energy capacity globally by 2030. In 2009, under the guidance of the leadership and the ongoing support of H.H. Sheikh Abdullah bin Zayed, he led Masdar’s efforts in the UAE’s successful bid to host the headquarters of the "International Renewable Energy Agency” (IRENA) in Masdar City, with a mission to promote clean technology and sustainable development globally.
In 2009, Dr. Al Jaber was also appointed by United Nations Secretary General Ban Ki-Moon to his Advisory Group on Energy and Climate Change (AGECC), which published its final report in 2010. The recommendations from this report formed the basis of the Sustainable Energy for All initiative launched in 2011.
In 2010, Dr. Al Jaber received an Honorary Doctorate in Philosophy from India’s TERI University, the Delhi based university that specializes in the field of sustainable development. In 2012, Dr. Al Jaber received the UN Champions of the Earth award for his work on advancing clean energy technologies to mitigate the threats of climate change. He has served twice as climate envoy and has been an active participant in over ten Conference of Parties, including the milestone COP21 that took place in 2015 in Paris.
In his current role as Group CEO and Managing Director of ADNOC, he has overseen the national oil company’s (NOCs) emergence as one of the world’s most carbon-efficient oil and gas companies, building on a long-standing sustainability legacy that includes being one of the first NOCs to commit to zero gas flaring. Since his appointment in 2016, he has applied technology across ADNOC’s operations to increase its carbon efficiency, with a goal to further reduce GHG intensity 25 percent by 2030.
Under HE Dr. Sultan Al Jaber’s leadership, ADNOC is investing $15 billion over five years in its decarbonization strategy and its new low carbon solutions business and its shareholding in Masdar, as it delivers on its target to reduce its carbon intensity by 25% by 2030 and its ambition to reach net-zero by 2050.
In particular, he directed the expansion of a first-in-the-region carbon capture, utilization, and storage (CCUS) program. ADNOC’s Al Reyadah CCUS facility currently captures 800K tons of CO2 annually, with a plan to expand over 500 percent by 2030 to capture 5 million tons of CO2 annually. And, in an industry first, since the beginning of 2022, ADNOC now sources 100 percent of its grid electricity from zero carbon nuclear and solar sources. In addition, ADNOC has expanded investments in zero carbon energies, including wind, solar and hydrogen.
Her Excellency Shamma Al Mazrui - @shamma
In her current role as the UAE’s Minister of State for Youth Affairs and Vice Chairman of the Arab Youth Center, H.E. Shamma Al Mazrui, represents youth’s challenges and aspirations in the UAE’s cabinet, using the voice of youth to continuously develop and implement strategies to expand opportunities and engage young people. The Youth Climate Champion role is a recognition of the need to empower young people in the climate action process and capitalize on the innovative skills, capacities, and abilities of the world’s nearly 2 billion youth.
Her Excellency Razan Al Mubarak
The appointment of Her Excellency Razan Al Mubarak, a world leader in the protection of ecosystems and biodiversity, reflects the UAE’s ongoing commitment to nature-based solutions. H.E. Al Mubarak’s storied career and impact in conservation and environmental management across the public and private sectors positions her favorably to connect non-state actors with government efforts to spur greater climate action. Currently, as President of the International Union for Conservation of Nature (IUCN), H.E. Al Mubarak is responsible for implementing the vision, mission, and strategy of the organization, which represents over 1,400 members, including states, government agencies and non-government organizations from 160 countries.
Her Excellency Mariam Almheiri
The COP28 UAE leadership team will be supported by the entirety of the UAE Government, including Her Excellency Mariam Almheiri, Minister of Climate Change and Environment (MOCCAE), who will continue to lead the UAE’s domestic efforts in addressing climate change, coordinating the Nationally Determined Contributions (NDCs), and setting the pathway for the UAE Net Zero by 2050 strategic initiative.
For all media enquiries and requests for interviews
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Company announcement is part of a larger initiative to propel industry-focused opportunities.
SAN DIEGO--(BUSINESS WIRE)--Dalrada Financial Corporation (OTCQB: DFCO, “Dalrada”), a problem-solving innovator that takes on complex, multi-disciplinary challenges in health care, clean energy, precision manufacturing, and technology, today announced a new operating structure in response to accelerated company growth and a renewal to its corporate vision. At the heart of this new operating model is a change of the company’s health division name from Dalrada Health to Genefic.
In the 2022 fiscal year, Dalrada Health experienced strong revenue growth of $13.6 million, representing a 683% year-over-year increase. This growth reflects the demonstrated demand within today’s health environment for core, frontline health products and services – including robust virus and disease-screening capabilities, pharmaceutical goods, and holistic wellness clinics.
Under the new operating structure, Genefic (formerly Dalrada Health) will be separated from the other wholly-owned subsidiaries of Dalrada: Dalrada Energy Services, Dalrada Technologies, and Dalrada Precision Manufacturing. This will allow for anticipated growth in each respective sector. Further, it will allow each individual sector to focus on product and technology development, while simultaneously ensuring Genefic can concentrate its efforts solely on the healthcare market. Genefic will continue to be 100% owned by DFCO, with financial reporting to remain unchanged.
“I am pleased to announce a new operating model to prepare and support the exponential growth of Dalrada Health,” said Brian Bonar, Dalrada’s Founder and Chief Executive Officer. “At this time, Dalrada Health will assume the name ‘Genefic.’ Additional changes will include a new board structure, an appointment of a Chief Executive Officer and Chief Operating Officer (both of which are expected to be made from the existing management pool), a new operating location, and a new website. All of these changes are specifically designed to support the new company in its mission, goals, and services.”
Mr. Bonar continued, “Genefic will focus on improving health outcomes for people around the world through reimagined patient care. This will be achieved by employing the latest technological advances and redesigning current staffing and health care work models, among others.”
For additional information on Dalrada and its subsidiaries, please visit www.dalrada.com.
About Dalrada Financial Corporation
Dalrada Financial Corporation (OTCQB: DFCO) is a forward-facing organization that continually produces disruptive products and services that accelerate positive change for current and future generations.
Since 1982, Dalrada has redefined possibilities while boldly addressing global challenges with transformative innovations that drive targeted advances in emerging markets for a new era of human behavior and interaction, ensuring a bright future for the world around us.
Dalrada Financial Corporation is committed to positively impacting people, businesses, and the planet through sustainable solutions. For more information, please visit www.dalrada.com, and follow us on Twitter, Facebook, and LinkedIn.
About Genefic
With a dedicated commitment to health and wellness and improved patient care, Genefic delivers with bold ingenuity. Genefic creates key products and services and builds comprehensive solutions that provide better outcomes through reimagined health care systems. From virus and disease screening capabilities to pharmaceutical goods and holistic wellness clinics, Genefic creates health innovations that make positive impacts around the world. To learn more, visit www.genefic.com.
Disclaimer
Statements in this press release are not historical facts. The statements are forward-looking, including statements regarding future revenues and sales projections, plans for future financing, the ability to meet operational milestones, marketing arrangements and plans, and shipments to and regulatory approvals in international markets. Such statements reflect management’s current views, are based on certain assumptions, and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors and will be dependent upon a variety of factors including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products and services in domestic and international markets will continue to expand. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the Company’s expectations regarding these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the Company’s success are more fully disclosed in the Company’s most recent public filings with the US Securities and Exchange Commission (“SEC”), including its annual report on Form 10-K.
Michael Eslinger (This email address is being protected from spambots. You need JavaScript enabled to view it.)
HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that, on January 11, 2023, the Board of Directors of its general partner declared a distribution on Genesis’ common units and Class A Convertible Preferred Units attributable to the quarter ended December 31, 2022. These distributions will be paid on February 14, 2023 to holders of record at the close of business on January 31, 2023.
Each holder of common units will be paid a quarterly cash distribution of $0.15 ($0.60 on an annualized basis) for each common unit held of record. With respect to the preferred units, Genesis will pay a cash distribution of $0.9473 ($3.7890 on an annualized basis) for each preferred unit held of record.
Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis’ operations include offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation and marine transportation. Genesis’ operations are primarily located in the Gulf Coast region of the United States, Wyoming and the Gulf of Mexico.
This press release serves as qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note that 100 percent of Genesis Energy’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of Genesis Energy’s distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate. Nominees are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors.
Genesis Energy, L.P.
Dwayne Morley
VP – Investor Relations
(713) 860-2536
Experienced Project Developer Enhances Spearmint’s Talented Senior Leadership Team
MIAMI--(BUSINESS WIRE)--Spearmint Energy (“Spearmint” or the “Company”), a next-generation renewable energy company enabling the clean energy revolution through battery energy storage, today announced that Peter K. Rood, former Chief Development Officer at GlidePath Power Solutions LLC (“GlidePath”), has joined the Company as Chief Development Officer. In this role, Mr. Rood will oversee the development, construction, and operations of Spearmint’s battery energy storage projects.
A well-recognized leader in renewable and energy storage project development, Mr. Rood brings nearly 20 years of industry experience to Spearmint, most recently leading the creation of an energy storage pipeline of over 3.3 GW / 11 GWh across 20+ major U.S. power markets including building the team and infrastructure to support it. Having deployed over $4 billion of capital across 2.9 gigawatts of developed capacity throughout his career, Mr. Rood will leverage his track record to advance Spearmint’s battery energy storage development pipeline.
“Peter is a seasoned battery energy storage project developer, whose proven construction management, project financing, transaction and off-take experience will play a critical role in the successful growth of Spearmint’s BESS portfolio,” said Andrew Waranch, Founder, President, and Chief Executive Officer of Spearmint. “We look forward to benefiting from Peter's expertise managing greenfield development through construction and deep network of counterparty relationships as we build upon our robust pipeline of opportunities. We are thrilled to welcome him to the Spearmint team.”
Mr. Rood’s appointment follows the start of construction of Spearmint’s inaugural battery energy storage project, Revolution, a 300 MWh project in West Texas, which is expected to begin operation in mid-2023 as one of the largest batteries in the United States.
Mr. Rood added, “I am excited to join Spearmint at a defining time for the North American battery energy storage industry, as both the opportunity and demand for BESS developments continue to flourish. As a battery energy storage developer, owner, operator and trader, Spearmint is well-positioned to quickly become a market leader in helping to reduce grid volatility and increase system resiliency. Revolution is just the first battery energy storage project in what I am confident will soon become a significant portfolio of assets that help to reduce carbon emissions in a responsible and efficient way.”
At GlidePath, Mr. Rood was responsible for establishing and executing all development activities related to the company’s battery, solar, wind, and gas generation portfolio in the U.S. Previously, he served as a Vice President for Renewable Energy Systems (RES) Americas Inc., where he oversaw over 4,000 MW of wind, solar PV, and battery storage development in the northern U.S. Earlier in his career, Mr. Rood served in development-related roles at NRStor Inc., General Compression Inc., and Acciona Energy North America. He earned a B.S. in Renewable Natural Resources from the University of Arizona.
About Spearmint Energy
Founded by energy industry veteran Andrew Waranch in partnership with Kevin Kelley, CEO of Roscommon Analytics LLC, Spearmint is a next generation renewable energy company enabling the clean energy revolution through battery energy storage. The Spearmint platform is comprised of three distinct strategies, including battery and solar project development, energy storage offtake, and renewables power trading. For more information, please visit: https://www.spearmintenergy.com/
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ROYAL OAK, Mich. and OTTAWA, Ontario--(BUSINESS WIRE)--Graphex Technologies LLC, the U.S. subsidiary of Graphex Group Limited (NYSE American: GRFX | HKSE: 6128) (collectively “Graphex”) and Northern Graphite Corporation (NGC:TSX-V, NGPHF:OTCQB, FRA:0NG, XSTU:0NG) (“Northern”), today announce that Graphex will participate in Northern’s previously announced selection process (January 10, 2023) for a site suitable for the construction of a large-scale graphite processing facility in Baie-Comeau. The plant is planned to supply coated spherical graphite anode material to the EV/battery markets in North America and beyond. On December 21, 2022 Northern and Graphex announced the signing of a non-binding letter of intent to negotiate a joint venture agreement to build a North American mine-to-battery supply chain.
Northern and Graphex will work closely with the Department of Innovation and Development for the Manicouagan/Baie-Comeau region of Quebec to identify and evaluate sites that could accommodate processing facilities to produce up to 200,000 tonnes per year (tpy) of battery anode material where they could conduct their proposed joint venture. Northern would provide security of raw mineral supply (graphite concentrate) and it is contemplated that Graphex would license and/or contribute its technology, plans and expertise for building and operating the plant(s). Construction of the proposed battery anode material plant would be subject to identification and acquisition of an appropriate site, receipt of regulatory approvals and financing.
The Manicouagan/Baie-Comeau region presents uniquely advantageous infrastructure and operating conditions for the joint venture to achieve its objectives, including ample renewable energy (hydro power), greenfield and brownfield locations, a deep-sea international port, and most importantly a welcoming local, regional, and national political and financial environment with favorable incentive potential.
The current supply picture for natural graphite in North America is marked both by a significant shortfall in the availability of non-China-sourced graphite raw material that is needed to meet projected demand, and the complete absence of experienced commercial-scale downstream processing to transform that raw material into battery-grade anode material. The collaboration between Northern and Graphex seeks to solve both issues on an industry-wide level by providing OEMs and battery makers with a transparent, ESG compliant supply of quality product needed to meet current and future demand.
Graphex has a decade-long history of processing mine concentrates and produces 10,000 tpy of high yield, high quality battery anode material. Graphex is the only current commercial downstream processor of natural graphite into battery anode material that intends to develop an anode material processing plant in North America.
Northern owns the only graphite mine producing at commercial scale in North America, with a current output of 15,000 tpy of graphite mine concentrate. It also has three development projects with the resources to produce over 100,000 tpy by 2025 and 300,000 tpy by 2027.
“The potential to secure an appropriate site in the Baie-Comeau area in collaboration with Northern would allow Graphex to accelerate the expansion of its experienced mid-stream processing capabilities into North America,” said John DeMaio, CEO of Graphex. “Given the need for large volumes of anode material and the emphasis placed on creating domestic North American supply chains, the Graphex-Northern-Baie-Comeau collaboration represents a significant advancement toward making a domestic supply chain for graphite anode material a reality sooner than later.”
“The addition of Graphex to the Baie-Comeau anode material project is excellent news for the region and for the development of the battery strategy in Quebec," explained Guy Simard, Director of Industrial Development for Innovation and Développement Manicouagan. "This partnership adds significant value to the project by bringing together the expertise and capabilities of Northern as a natural graphite producer with those of Graphex as an anode material producer.”
“This is an integral step towards finalizing the terms of a binding joint venture agreement with Graphex to produce Coated Spherical Graphite Anode Material for the North American EV/Battery market,” said Hugues Jacquemin, CEO of Northern Graphite. “Over the next few months, we look forward to making further announcements on this and other initiatives that are in advanced stages of negotiation.”
About Graphex
Graphex Group Limited, is a Cayman Island company with its principal offices in Hong Kong and regional offices in Shanghai and Royal Oak, MI, USA. Graphex is focused on the development of technologies and products to enhance renewable energy, particularly the production of spherical graphite and graphene, key components in EVs/lithium-ion batteries as well as in other uses. Graphex has extensive commercial experience in the deep processing of graphite and producing battery grade purified spherical graphite. Current production is 10,000 tpa and an expansion is underway to increase production to 20,000 tpa within the next 12 months. Graphex intends to further expand existing operations to 40,000 tpa over the next three years. Graphex is currently among the top suppliers of specialized spherical graphite to the EV and renewable energy industries and holds patents in areas including products, production methods, machinery design, and environmental protection. Graphex’s strategy is to expand its operations globally to support energy transition and electrification efforts worldwide. www.graphexgroup.com
About Northern Graphite
Northern is a Canadian, TSX Venture Exchange listed company that is focused on becoming a world leader in producing natural graphite and upgrading it into high value products critical to the green economy including anode material for lithium-ion batteries/EVs, fuel cells and graphene, as well as advanced industrial technologies.
Northern is the only significant graphite producing company in North America and is positioned to become the third largest outside of China when its Namibian operations come back online. The Company also has two large scale development projects, Bissett Creek in Ontario and Okanjande in Namibia, that will be a source of continued production growth in the future. All projects have "battery quality" graphite and are located close to infrastructure in politically stable countries. www.northerngraphite.com
To learn more about these initiatives and more from Graphex Technologies, please visit www.graphexgroup.com
Forward Looking Statements
All statements contained in this presentation other than statements of historical fact, including statements regarding our future results of operations and financial position, our business strategy and plans and our objectives for future operations, are “forward looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and the safe harbor in Section 27A and 21E of the Securities Act of 1933 and the Securities Exchange act of 1934, respectively. You can identify some of these forward looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely,” “potential,” “continue” or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events that we believe may affect our financial condition, results of operations, business strategy and financial needs. We have based these forward looking statements largely on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy, short term and long-term business operations and objectives, and financial needs. These forward looking statements involve various risks and uncertainties.
Information from third sources identified in this release are based on published reports for such information and we have assumed the accuracy of such reports without independent investigation or inquiry.
This communication is for informational purposes only and is neither an offer to sell nor a solicitation of an offer to purchase any securities of Graphex Group Limited, including but not limited to its American Depositary Shares.
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Powered by a partnership with WattBuy, the feature also estimates how much homeowners could save in energy costs by adding solar panels
SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — Redfin (www.redfin.com), the technology-powered real estate company, today added energy cost estimates for more than 85 million homes across the U.S. Through a partnership with energy software company WattBuy, consumers can now use Redfin to better understand the costs of living in a home, including utility bills that can be tricky to predict but meaningfully contribute to a homeowner’s total monthly costs.
Each eligible Redfin home detail page now displays an estimate for the home’s monthly electricity usage, bill, and seasonal changes in electricity usage and cost. It also estimates how much homeowners could save on long-term energy costs by installing solar panels. The feature is located directly below Redfin’s existing payment calculator, allowing buyers to better understand and compare financial costs between homes and helping homeowners discover whether investing in solar energy systems could result in long-term savings.
“It’s important for house hunters to understand how much it's going to cost to live in a given home,” said Redfin Chief Growth Officer Christian Taubman. “Our research shows that many movers assume their utility costs will be similar in their new home, but that's sometimes way off-base. By showing this information from WattBuy for every home, we’re giving homebuyers the information they need to make better decisions. We're also letting millions of homeowners know how much they can bring down their utility costs by installing solar panels."
Redfin now displays energy cost information on both for-sale and off-market homes and the experience is tuned to each different type of user. The feature highlights estimated electricity costs for buyers visiting for-sale homes and solar savings for owners visiting off-market detail pages, helping consumers understand the information that is most relevant to them. The feature is currently available for more than 85 million U.S. homes on Redfin.com.
“As forward-thinking businesses like Redfin realize how important energy cost reductions, rooftop solar, and sustainability solutions are to their customers, WattBuy is meeting this new need,” said Naman Trivedi, WattBuy CEO. “Our APIs make it simple for consumer-facing companies to help their customers understand current energy usage and take the steps needed to lower their energy costs and their carbon footprint. As the technology-powered real estate company, Redfin was the obvious partner to debut this new feature.”
Redfin added utility data as part of its continued commitment to providing the most complete and relevant real estate information, as well as its ongoing effort to educate consumers about housing sustainability and the impacts of climate change. In the past year, Redfin has, among other initiatives:
About Redfin
Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, title insurance, and renovations services. We sell homes for more money and charge half the fee. We also run the country's #1 real estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can have our renovations crew fix up their home to sell for top dollar. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than $1 billion in commissions. We serve more than 100 markets across the U.S. and Canada and employ over 5,000 people.
For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin's press release distribution list, email This email address is being protected from spambots. You need JavaScript enabled to view it.. To view Redfin's press center, click here.
About WattBuy
WattBuy empowers consumers to make smarter, cleaner energy choices through its marketplace of electricity solutions. The company's comprehensive set of APIs helps leading real estate platforms, insurance companies, and consumer enterprises provide their customers with clean energy solutions and personalized energy analytics. For more information about WattBuy, please visit https://wattbuy.com/
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NEW YORK & OSLO, Norway & LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY) (“FREYR”), a developer of clean, next-generation battery cell production capacity, has announced a conditional offtake agreement (“COA”) with Impact Clean Power Technology (“Impact”), a leading manufacturer of battery systems for transportation, industry and stationary energy storage for renewable energy sources, traditional power generation, rail, and telecommunications. Under the terms of the agreement, FREYR will supply 10 – 14 GWh of clean, next-generation battery cells based on the 24M Technologies, Inc. (“24M”) SemiSolidTM platform to Impact from 2025 – 2030.
FREYR intends to supply Impact with clean battery solutions based on the same battery cell architecture as the ESS products that will be produced at its Giga Arctic battery production facility in Mo i Rana, Norway. The LFP cells will be integrated into Impact’s E-Mobility products for use in commercial vehicles as well as other applications.
“This COA with Impact marks our first commercial agreement to produce fit-for-purpose LFP cells for the E-Mobility market alongside our already strong traction in the ESS sector. Following today’s announcement, FREYR’s portfolio of offtake and long-term sales agreements now exceeds 130 GWh of production in both ESS and E-Mobility markets through 2030, which demonstrates our growing commercial presence globally,” remarked Tom Einar Jensen, Co-Founder and CEO of FREYR.
“Impact and FREYR share an ambition to accelerate the urgently required decarbonization of the world’s transportation systems, which as of today account for roughly 25% of global carbon emissions. Commercial vehicles could generate more than 1 TWh of cumulative battery demand on a stand-alone basis by 2030 in Europe and the U.S. to comply with the Paris Agreement 1.5 degrees Celsius threshold. With our low cost and long cycle life LFP cell, produced in our facility powered solely by renewable energy, we expect to support the net zero pathway for a large share of commercial vehicle manufacturers,” Jensen added.
FREYR is targeting the commercial and passenger vehicle markets to complement the company’s continued strong traction in the ESS space. By producing clean, next-generation battery solutions and aspiring to localize and decarbonize supply chains, FREYR is seeking to provide a distinct and competitively differentiated LFP cell offering from conventional technology suppliers based in Asia. FREYR’s LFP cells for the ESS and E-Mobility markets are based on 24M’s SemiSolidTM platform, which enables lower-cost and more sustainable lithium-ion battery production.
“We sought a sustainable LFP producer in Europe that could supply our facility in Warsaw, aiding us in meeting the growing demand for batteries in the E-Mobility space. In FREYR, we have a like-minded partner that is dedicated to the decarbonization of important sectors like commercial transportation,” said Bartlomiej Kras, CEO at Impact.
The contract between FREYR and Impact covers the period until 2030, with potential for further extension. This framework agreement is non-binding and the orders will be carried out in accordance with the needs of Impact and may reach a value of $1.8 billion based on BNEF’s recent 2025 lithium price estimates and other conditions.
About FREYR Battery
FREYR Battery aims to provide industrial scale clean battery solutions to reduce global emissions. Listed on the New York Stock Exchange, FREYR’s mission is to produce green battery cells to accelerate the decarbonization of energy and transportation systems globally. FREYR has commenced building the first of its planned factories in Mo i Rana, Norway and announced potential development of industrial scale battery cell production in Vaasa, Finland, and the United States. FREYR intends to install 50 GWh of battery cell capacity by 2025 and 100 GWh annual capacity by 2028 and 200 GWh of annual capacity by 2030. To learn more about FREYR, please visit www.freyrbattery.com
About Impact Clean Power Technology
A leading manufacturer of battery systems for transportation, industry, and stationary energy storage for RES, traditional power generation, rail, and telecommunications. In addition to the domestic market, Impact Clean Power Technology sells its products throughout Europe, New Zealand, and the United States. The investment of Impact’s battery systems GigafactoryX will boost the company’s production capacity to up to 5 GWh per year. www.icpt.eu
Cautionary Statement Concerning Forward-Looking Statements
All statements, other than statements of present or historical fact included in this press release, including, without limitation, statements regarding any expected deliveries between FREYR and Impact, including FREYR’s intention to supply Impact with clean battery solutions based on its products that will be produced at the Giga Arctic facility; any anticipated uses of FREYR’s LFP cells in Impact’s products and applications; FREYR’s traction in the ESS market; FREYR’s expected 130 GWh production through 2030; the projection that commercial vehicles could require more than 1 TWh of cumulative battery demand by 2030 in Europe and the US to stay in line with the Paris Agreement of keeping global warming below 1.5 degrees Celsius; the ability for FREYR to support the net zero pathway for a large share of commercial vehicle manufacturers; FREYR’s targeted markets and its aspiration to localize and decarbonize supply chains; any competitive differentiators between FREYR’s products and those of conventional technology suppliers in Asia; any expected benefits or impact of the use of 24M’s technology; and the estimated value of any agreements between FREYR and Impact are forward-looking and involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results.
Most of these factors are outside FREYR’s control and difficult to predict. Information about factors that could materially affect FREYR is set forth under the “Risk Factors” section in FREYR’s Registration Statement on Form S-3 filed with the Securities and Exchange Commission (the "SEC") on September 1, 2022, as amended, and in other SEC filings available on the SEC’s website at www.sec.gov.
Investor contact:
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DUBLIN--(BUSINESS WIRE)--The "Cumene Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global cumene market size reached US$ 19.4 Billion in 2021. Looking forward, the market is set to reach US$ 25.6 Billion by 2027, exhibiting a CAGR of 4.73% during 2021-2027.
Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Cumene is a crucial component in the manufacturing of refined crude oil and fuels and is also used as a chemical base to produce cumene hydroperoxide, phenol and acetone. It is also utilized in the manufacturing of various petroleum-based products, such as thinners, additives, enamels, lacquers, adhesives, sealants and solvents in paints. As a result, it finds extensive applications across various industries, such as chemical, petrochemical, plastic and oil and gas.
Significant growth in the plastic industry across the globe is one of the key factors creating a positive outlook for the market. Furthermore, the widespread adoption of acetone as an industrial solvent is providing a thrust to the market growth.
Acetone is a widely used as a by-product of cumene that is further used in the manufacturing of bisphenol A (BPA) and methyl methacrylate (MMA) in various pharmaceutical and cosmetic products. It is also a natural component of coal tar and crude oil and can be used as a blending component in gasoline.
In line with this, cumene is also used to produce acrylic sheets, laminates and composites, which are extensively utilized in construction, automotive and medical applications. Additionally, various product innovations, such as the development of food-grade cumene for polycarbonate plastic-based containers and bottles, are contributing to the market growth.
Other factors, including rapid industrialization, along with the increasing consumer demand for high octane cumene-derivatives, are anticipated to drive the market further.
Key Questions Answered in This Report:
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being
Key Market Segmentation:
Breakup by Manufacturing Process:
Breakup by Application:
Breakup by End Use Industry:
Breakup by Region:
For more information about this report visit https://www.researchandmarkets.com/r/krasl1
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WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) invites investors, customers, members of the financial community and other interested parties to listen to a live webcast of its fiscal 2023 first quarter financial results on Thursday, February 2, 2023, at 10 a.m. ET.
President and Chief Executive Officer Steve Westhoven and Senior Vice President and Chief Financial Officer Roberto Bel will present an overview of NJR’s financial and operational performance for the first quarter of fiscal 2023.
A few minutes prior to the webcast, visit www.njresources.com and select “Investor Relations.” Scroll down and click the webcast link under “Latest Events” on the right side of the page.
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.
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DUBLIN--(BUSINESS WIRE)--The "Personal Lubricant Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global personal lubricant market size reached US$ 1.13 Billion in 2021. Looking forward, the market to reach US$ 1.73 Billion by 2027, exhibiting a CAGR of 7.36% during 2021-2027.
Personal lubricant refers to specialized lubes, liquids, and gels that are applied on individuals' private parts, including the vagina, anus, and penis, to reduce pain and friction during masturbation and sexual intercourse, providing a pleasurable experience. It is manufactured from the combination of various ingredients, such as glycerin, purified or deionized water, vinyl dimethicone, polyethylene glycol, hydroxyethyl cellulose, and carboxymethyl cellulose.
Currently, personal lubricant is commercially available in water-, silicone-, oil-, and hybrid-based product types. They help relieve pain, curl vaginal dryness or chafing, mitigate irritations, reduce the risk of injuries, and provide protection against sexually transmitted infections (STIs), including human immunodeficiency virus (HIV). Based on these properties, personal lubricant is used to enhance arousal and allow deeper penetration.
Personal Lubricant Market Trends:
The increasing need for various personal care products and the rising prevalence of vaginal dryness and erectile dysfunction has facilitated the widespread adoption of personal lubricants as a practical substitute to improve the sexual experience, which, in turn, is majorly driving the market growth.
Additionally, the extensive utilization of water-based personal lubes due to their gel-like structure, proven efficiency, easy-to-clean formula, and higher compatibility with condoms and sex toys are acting as another growth-inducing factor.
In line with this, the advent of premium medicated lubricants in diverse types and flavors, such as k-y jelly and Replens, and their availability across online and offline drug and grocery stores are propelling the market growth. Such products help deal with excess dryness and vaginal tears that might cause STIs.
Apart from this, the escalating consumer awareness regarding the diverse usability of the product and favorable initiatives undertaken by governments and non-governmental organizations (NGOs) to offer proper sex education in educational settings to sensitize younger demographics are creating a positive outlook for the market.
Key Questions Answered in This Report:
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being
Key Market Segmentation:
Breakup by Type:
Breakup by Gender:
Breakup by Distribution Channel:
Breakup by Region:
North America
Asia-Pacific
Europe
Latin America
For more information about this report visit https://www.researchandmarkets.com/r/sq0q20
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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The disclosed vulnerabilities could expose industrial operators to malicious firmware updates that will be difficult to detect. These vulnerabilities can be ‘chained’ with other remote access vulnerabilities on the same network to allow malicious actors to launch remote attacks on equipment.
NEW YORK--(BUSINESS WIRE)--Red Balloon Security, a leading provider of host-based firmware security solutions, has disclosed multiple, critical architectural vulnerabilities in the Siemens SIMATIC and SIPLUS S7-1500 Series PLC that allow for bypass of all protected boot features. These vulnerabilities affect over 120 different models of the Siemens S7-1500 CPU product family.
Red Balloon’s discovery has significant implications for industrial environments as it pertains to hardware root-of-trust vulnerabilities that cannot be patched. Exploitation of these vulnerabilities could allow offline attackers to generate arbitrary encrypted firmware that are bootable on all Siemens S7-1500 series PLC CPU modules. Furthermore, these vulnerabilities allow attackers to persistently bypass integrity validation and security features of the ADONIS operating system and subsequent user space code. Red Balloon has reported these vulnerabilities to Siemens, and Siemens has confirmed them.
“It’s important for all industrial operators using the Siemens S7-1500 Series PLC to take several steps to prevent possible exploitation of these critical vulnerabilities,” said Dr. Ang Cui, founder and CEO of Red Balloon. “While these vulnerabilities technically require physical access to exploit, it is possible for sophisticated attackers to ‘chain,’ or combine, these vulnerabilities with other remote access vulnerabilities on the same network to install malicious firmware without the need for in-person contact.”
“The vulnerabilities exist because the Siemens custom System-on-Chip (SoC) does not establish a tamper proof Root of Trust (RoT) in the early boot process,” said Yuanzhe Wu, senior research scientist at Red Balloon. “The Siemens RoT is implemented through the integration of a dedicated cryptographic secure element - the ATECC CryptoAuthentication chip. However, this RoT implementation contains flaws that can be abused by attackers to compromise RoT itself and allow attackers to decrypt and load tampered firmware on the S7-1500 PLCs without user’s knowledge.”
Although there are possible ways to mitigate the effects of this hardware RoT exploitation such as using run-time memory attestation, the fundamental vulnerabilities - improper hardware implementations of the RoT using dedicated cryptographic-processor - are unpatchable and cannot be fixed by a firmware update since the hardware is physically unmodifiable.
Red Balloon has developed an advanced persistent threat detection tool for owners and operators of the Siemens S7-1500 series PLCs to verify whether vulnerable devices have been tampered with or compromised. Siemens also recommends that customers assess the risk of physical access to the device in the target deployment and to implement measures to make sure that only trusted personnel have access to the physical hardware. Siemens’ advisory can be found here.
To limit the effects of potential exploitation of these vulnerabilities, Red Balloon has further recommended several mitigations to Siemens, which include: implement runtime integrity attestation; add asymmetric signature check for firmware at bootup scheme; and encrypt the firmware with device specific keys that are generated on individual devices.
For industrial operators interested in more information about this disclosure, recommended mitigations and how to access the threat detection tool, contact Red Balloon at This email address is being protected from spambots. You need JavaScript enabled to view it..
For a detailed explanation of the S7-1500 Series PLC vulnerabilities and potential risks, read Red Balloon’s technical writeup at https://redballoonsecurity.com/siemens-discovery/.
ABOUT RED BALLOON SECURITY
Red Balloon Security (www.redballoonsecurity.com) is a leading cybersecurity provider and research firm that specializes in the protection of embedded devices across all industries. The company’s technology defends embedded systems with a suite of host-based firmware security solutions that provide continuous runtime protection of firmware and secure embedded systems against exploitation. Red Balloon Security’s pioneering R&D is led by a team of world-class academic researchers and developers who have published seminal research papers in the fields of embedded security and intrusion detection, led U.S. Department of Defense-funded research activities, ethically disclosed vulnerabilities within hundreds of millions of ubiquitous embedded devices and worked as embedded security researchers within various intelligence agencies.
For industrial operator inquiries:
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Projects Help Drive iSun’s Growth
WILLISTON, Vt.--(BUSINESS WIRE)--iSun, Inc. (NASDAQ: ISUN) (the "Company," or "iSun"), a leading solar energy and clean mobility infrastructure company with 50-years of experience accelerating the adoption of innovative electrical technologies, today announced that it was awarded three contracts with a total value of $9.7 million to implement solar energy solutions in communities in northern New England. The new projects result from a new partnership that iSun has formed with an integrated nationwide solar developer.
HIGHLIGHTS:
“The three project awards from our new partner represent important wins for our team as we continue to demonstrate our ability to expand our customer base across New England,” said Jeffrey Peck, Chairman and Chief Executive Officer of iSun. “We are working diligently to address the continued strong customer demand for solar energy in our markets, and I’m very pleased with the success of our team in cultivating long-term customer relationships for iSun. The transition to clean energy remains the most important initiative of our generation and we are proud to assist more customers throughout our markets in achieving alternative energy solutions.”
About iSun Inc.
Since 1972, iSun has accelerated the adoption of proven, life-improving innovations in electrification technology. iSun has been the trusted service provider to Fortune 500 companies for decades and has installed clean rooms, fiber optic cables, flight simulators, and over 600 megawatts of solar systems. The Company currently provides a comprehensive suite of solar services across residential, commercial, industrial & municipal, and utility scale projects and provides solar electric vehicle charging solutions for both grid-tied and battery backed solar EV charging systems. iSun believes that the transition to clean, renewable solar energy is the most important investment to make today and is focused on profitable growth opportunities. Please visit www.isunenergy.com for additional information.
Forward Looking Statements
This press 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, effective tax rate, 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 press 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 risk factors described from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.
All forward-looking statements included in this press release are based on information currently available to us, and we assume no obligation to update any forward-looking statement except as may be required by law.
iSun Investor Relations
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New program doubles down on company’s reliability commitment to maximize uptime and deliver world-class driver experiences across new and legacy infrastructure
LOS ANGELES--(BUSINESS WIRE)--EVgo Inc. (NASDAQ: EVGO), one of the nation’s largest public fast charging networks for electric vehicles (EVs), today announced EVgo ReNew™, an enhanced and comprehensive maintenance program designed to ensure stations across EVgo’s charging network meet its quality and technology standards. Through the program, EVgo plans to replace, upgrade, or in some cases retire, hundreds of stations over the coming year with the goals of enhancing charger availability and building range confidence for EV drivers of all types.
EVgo ReNew is comprised of six core pillars that outline EVgo’s approach to reliability: Prevention, Diagnostics, Rapid Response, Analysis, Resilience, and Continuous Customer Service. This effort includes ramping up in-person preventative health checks of chargers; improving system monitoring, diagnostic, and recovery tools; replacing legacy equipment; and retiring problematic chargers if replacement or upgrade is impractical. EVgo ReNew builds on EVgo’s existing charger maintenance efforts, which include 24/7 monitoring and preventative health checks at charging stations, as part of its commitment to industry-leading uptime.
EVgo evaluates sites based on historical charger performance, current and forecast user demand, technical capacity at the location, and proximity to other fast charging stations. Where possible, EVgo will install new chargers with power levels up to 350kW. Through a combination of proprietary market analysis, data-driven insights and customer feedback, the program also identifies sites for decommissioning. In addition to site-level analysis, EVgo also works with site host partners to assess factors like charger placement, station size, and power levels to ensure charging options provide the greatest value for their customers and the community.
“More than a decade ago, EVgo was one of the first companies to install public fast chargers. The EVgo ReNew program represents our ongoing dedication to reliability as we proactively modernize legacy infrastructure and work to deliver the consistent, high-quality charging experience customers expect across our network,” said Cathy Zoi, CEO at EVgo. “As more EVs come to market with expanded ranges, large battery packs and higher power charging capabilities, EVgo is invested in building and maintaining a charging network fit to welcome and support an all-electric future for every driver.”
With EVgo’s network currently charging nearly 50 different EV models – and an anticipated total of more than 100 EV models available to the market in the next two years – EVgo ReNew is designed to ensure that all EV drivers will be able to take advantage of reliable, convenient and fast charging sessions across EVgo’s nationwide network.
Through the first three quarters of 2022, EVgo upgraded, replaced or removed 125 charging stalls and is actively working with partners and site hosts to evaluate upgrading, replacing, or removing hundreds of additional charging stalls in 2023.
For more information about EVgo ReNew, visit www.EVgo.com/ReNew. EVgo customers can also refer to the EVgo app and PlugShare to see current charger status and view notifications of maintenance or construction work that may impact station availability.
About EVgo
EVgo (Nasdaq: EVGO) is a leader in charging solutions, building and operating the infrastructure and tools needed to expedite the mass adoption of electric vehicles for individual drivers, rideshare and commercial fleets, and businesses. Since its founding in 2010, EVgo has led the way to a cleaner transportation future and its network has been powered by 100% renewable energy since 2019 through renewable energy certificates. As one of the nation’s largest public fast charging networks, EVgo’s owned and operated charging network features over 850 fast charging locations – currently serving over 60 metropolitan areas across more than 30 states – and continues to add more DC fast charging locations through EVgo eXtend™, its white label service offering. EVgo is accelerating transportation electrification through partnerships with automakers, fleet and rideshare operators, retail hosts such as grocery stores, shopping centers, and gas stations, policy leaders, and other organizations. With a rapidly growing network, robust software products and unique service offerings for drivers and partners including EVgo Optima™, EVgo Inside™, EVgo Rewards™, and Autocharge+, EVgo enables a world-class charging experience where drivers live, work, travel and play.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements are based on management’s current expectations or beliefs and are subject to numerous assumptions, risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These forward-looking statements include, but are not limited to, express or implied statements regarding EVgo’s expectations and plans for its ReNew program, including the scope and duration of the program; the number of stalls and chargers targeted through the program; and the anticipated benefits of the program. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of EVgo’s management, and are not predictions of actual performance. There are a significant number of factors that could cause actual results to differ materially from the statements made in this press release. See “Risk Factors” in EVgo’s Annual Report on Form 10-K filed with the SEC on March 24, 2022, as well as its other filings with the SEC, copies of which are available on EVgo’s website at investors.evgo.com, and on the SEC’s website at www.sec.gov. All forward-looking statements in this press release are based on information available to EVgo as of the date hereof, and EVgo does 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.
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HOUSTON--(BUSINESS WIRE)--$XPRO #Expro--Energy services provider Expro Group Holdings N.V. (NYSE: XPRO) (the “Company” or “Expro”) announced today the commencement of an underwritten offering of 7,250,000 shares of its common stock currently owned by certain funds and accounts affiliated with Oak Hill Advisors (OHA) (the “Selling Shareholders”). The Selling Shareholders have granted the underwriters a 30-day option to purchase up to 1,087,500 additional shares of the Company’s common stock. Expro is not selling any shares and will not receive any proceeds from the sale of the shares in the offering.
Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are acting as joint bookrunning managers for the offering.
The Company has an effective shelf registration statement (including a prospectus) on Form S-3 on file with the U.S. Securities and Exchange Commission (the “SEC”) and will file a prospectus supplement with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the prospectus supplement relating to and describing the terms of the offering, and other documents the Company has filed with the SEC for more complete information about the Company and this offering. You may obtain these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies of the prospectus supplement and accompanying base prospectus relating to the offering, when available, may be obtained from Goldman Sachs & Co. LLC, 200 West Street, Attention: Prospectus Department, New York, New York 10282-2198, telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing This email address is being protected from spambots. You need JavaScript enabled to view it.; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: 1-866-803-9204 or by emailing at This email address is being protected from spambots. You need JavaScript enabled to view it..
This press release shall not constitute an offer to sell or the solicitation of any offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Expro
Working for clients across the entire well life cycle, Expro is a leading provider of energy services, offering cost-effective, innovative solutions and what the Company believes to be best-in-class safety and service quality. The Company’s extensive portfolio of capabilities spans well construction, well flow management, subsea well access, and well intervention and integrity solutions.
With roots dating to 1938, Expro has approximately 7,600 employees and provides services and solutions to leading energy companies in both onshore and offshore environments in approximately 60 countries.
Karen David-Green – Chief Communications, Stakeholder & Sustainability Officer
+1 281 994 1056
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