With passage of the IRA, community bank tax equity financing will be integral to community solar project growth

SAN FRANCISCO--(BUSINESS WIRE)--#energy--Renewable Properties, a developer, owner, and investor in small-scale utility and community solar projects, has completed tax equity funding for 11.6 MW of solar projects with KeyState Renewable’s SOLCAP solar tax equity fund for community and regional bank investors.

The Fund 6 Portfolio consists of three solar projects. Two New York community solar projects (the 5 MW Rock Island Road solar project in ​​Gouverneur, NY and the ​​5.7 MW Bullis Road solar project in Marilla, NY) were completed in the summer of 2022. The third project, a nearly 1 MW qualifying facility project in Bourne, Massachusetts, was completed in December 2021. In their first year of operation, the three projects are expected to produce a total of 16,645,000 kWh of solar energy, enough to power approximately 1,929 homes and reduce greenhouse emissions by 10,263 tons.

Projects like these are made possible by tax equity funding, which is a critical clean energy partner-investor relationship that has enabled the energy transition in the U.S. Many of the incentives in the recently passed Inflation Reduction Act (IRA) utilize tax equity to enable renewable energy development.

The recently passed IRA is a transformational bill with provisions that will entice large numbers of mid-size businesses and community banks to deploy capital into renewable energy projects across the U.S. It extends solar and storage investment tax credits (ITCs) for at least 10 more years and retroactively increases the ITC from 26% to 30%, effective Jan. 1, 2022. This extension and expansion of ITCs will result in a significant increase in renewable energy projects being developed and constructed over the next decade.

“Great partners like SOLCAP are imperative for the solar industry to thrive,” said Allan Riska, Chief Investment Officer for Renewable Properties. “Without tax equity investors, we would be further from accomplishing U.S. climate emission reduction targets. With so many tax equity-based incentives available to investors today, finding consistent tax equity partners can be challenging. That’s why it’s crucial to have strong investor partners like SOLCAP, which allows us to responsibly develop and own projects. Having a long-term and reliable partner is critical to building out more green infrastructure. We look forward to continuing our successful relationship with SOLCAP.”

Renewable Properties began working with SOLCAP in 2019 to develop a solar industry financing product that would lead to scale and efficiency. Their collaboration led to the financing of these New York and Massachusetts projects in Fund 6. With the completion of these three projects, Renewable Properties and SOLCAP are now working together on new projects in Maine, North Carolina, and California. SOLCAP’s relationships with community and regional bank investors will enable a significant expansion of projects in partnership with Renewable Properties.

KeyState Renewables and Corner Power launched the SOLCAP tax equity platform in 2019. Since then, SOLCAP has funded 28 similar solar projects to date, totaling over 160 MWdc. An additional 22 projects are in development or under construction, broadening SOLCAP’s footprint to seven states. With the completion of all current in-progress solar projects, SOLCAP will have deployed over $200 million on behalf of its community and regional bank investors.

“Community banks are very logical tax equity investors for small-scale utility and community solar projects. Our SOLCAP tax equity fund platform allows community banks to efficiently deploy tax equity investments across a diversified portfolio of projects,” said Josh Miller, CEO of KeyState Renewables, the managing member of SOLCAP. “Renewable Properties has been a tremendous partner over the past four years. Their seasoned management team’s focus on small-scale utility and community solar projects is a perfect fit for our community bank investors. SOLCAP looks forward to being a stable, efficient source of solar tax equity for Renewable Properties for years to come.”

Renewable Properties is further expanding its portfolio with more community solar and locally-sited projects for its upcoming 32 MW Fund 7, which is expected to be fully funded in Q1 of 2023 and will continue a successful partnership with SOLCAP.

About Renewable Properties

Founded in 2017, Renewable Properties specializes in developing and investing in small-scale utility and community solar and storage energy projects throughout the U.S. Led by experienced renewable energy professionals with development and investment experience, Renewable Properties is active in 14 states and has over 650 MWs of solar under development with over 100 MWs under construction or in operation. Renewable Properties works closely with communities, developers, landowners, utilities, and financial institutions looking to invest in solar energy systems. For more information about Renewable Properties, visit www.renewprop.com.

About SOLCAP

KeyState Renewables and Corner Power are the managing members of SOLCAP solar tax equity funds. KeyState specializes in managing tax advantaged investment and insurance structures for community banks. Founded in 1991, KeyState serves over 140 community banks across the country and is based in Las Vegas, NY with offices in Wilmington, DE, Burlington, VT, and Denver, CO.

Corner Power’s team of seasoned solar energy professionals has been engaged in the development, financing (tax equity and debt) and fund management of distributed generation solar projects for over twelve years. Corner’s team has sourced, developed and operated solar and energy storage projects for the C&I, municipal and utility markets in the U.S. and India and is based in New York, NY with offices in San Francisco.

For more information about SOLCAP, visit www.sol-cap.com

For press inquiries, please contact:
Tor Valenza
(415) 275-0967
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Project Is Designed to Generate Data on Large whales and Protect Marine Mammals

B-roll: https://bit.ly/3D119S4

NEW YORK--(BUSINESS WIRE)--Empire Wind and the Wildlife Conservation Society (WCS) announced today the extension to 2028 of their historic agreement to monitor large whales in the lease area of Empire Wind, an offshore wind project located in the New York Bight off the southern coast of Long Island.

The new agreement ensures that important data to protect wildlife in the New York Bight will be collected during the pre-construction, construction, and post-construction phases of the wind project.

Two deployed moored acoustic monitoring buoys located in the New York Bight within Empire Wind lease area have already compiled more than 2,000 days of monitoring data and have detected more than 18,000 whale sounds in near real-time, including more than 2,600 detections this year alone. The acoustic monitoring agreement is between Empire Wind, a joint venture between Equinor and bp, and the Wildlife Conservation Society (WCS) with the Woods Hole Oceanographic Institution (WHOI), which invented and operates the buoys.

“As a new industry, it is crucial that we establish best-in -class practices throughout the development phase of our projects from the start. The technology that will be deployed over this ten-year agreement provides Equinor the ability to assess our activities in real-time and ensure that we are putting marine life first in our operations,” said Siri Espedal Kindem, President Equinor Wind US.

“New York State is proud to lead offshore wind development in the U.S. through an industry that is backed by science and environmental research and data. We applaud Equinor and the Wildlife Conservation Society for expanding their partnership and ongoing commitment to environmental stewardship and understanding marine life – setting a strong example for how strategic collaboration can mitigate potential risks and support responsible project development,” said Doreen M. Harris, President and CEO, NYSERDA.

The two buoys use WHOI-developed near real-time passive acoustic monitoring (NRT PAM) technology that detects the distinct sounds of different whale species (there is also an archival recorded aspect as well). Data collected will result in considerable new knowledge on whale occurrence and behavior in and around the Empire Wind lease area. The sounds that are detected and recorded by the buoys to date came from four large whale species: fin, humpback, sei, and North Atlantic right whales. The most commonly detected whale sound was a low frequency downsweep, called a 20Hz song note, that is produced by fin whales.

“The data from this acoustic monitoring and our analyses clearly demonstrate that several large whale species are seasonally present, and some for extended periods of time in the New York Bight. This ongoing collaboration provides invaluable data on how these whales are using the New York Bight. In turn, this data can be used to inform best practices to minimize impacts on wildlife from the development of offshore wind energy,” said Dr. Howard C. Rosenbaum, the Project Principal Investigator and Director of WCS’s Ocean Giants Program.

“The whale vocalizations detected by the buoys over the past six years highlights the importance of developing offshore wind responsibly and seeking ways to minimize impacts on marine mammals and other wildlife. Combined with individual sighting data from boats and aircraft, the vocalizations provide important baseline information on the frequency and number of animals present in and around the project area. We are delighted to continue our collaboration on this important topic with the experts at WCS,” said Scott Lundin, Head of US Permitting and Environmental Affairs, from Equinor.

Mark Baumgartner, Project Principal Investigator and WHOI Marine Ecologist, said, “These buoys are part of a network of identical buoys deployed all along the U.S. east coast designed to monitor for whales and alert stakeholders in near real time. This network is especially helpful for reducing risks to the North Atlantic right whale, a critically endangered species that lives on the east coasts of the U.S. and Canada.”

The two acoustic buoys supported by the project are deployed as part of a broad effort to generate important data prior to construction of the Empire Wind project. The effort will continue to provide near real-time monitoring for more than a decade, both during and after construction, for the four species of large whales. This information will help Empire Wind and future offshore wind developments mitigate risks to these species from project activity, while also offering insight into any potential impact that wind farm construction and operation might have on these species. WCS began this monitoring in 2016 and Equinor began supporting it in 2019.

Information that is collected from the project is available to the public on whalesofnewyork.wcs.org and dcs.whoi.edu The data can also be accessed at an exhibit kiosk at WCS’s New York Aquarium in Coney Island.

About Empire Wind

Empire Wind is being developed by Equinor and bp through their 50-50 strategic partnership in the US. Empire Wind will power more than 1 million homes and generate 2.1 GW of power. For more information, please visit www.empirewind.com.

About Equinor Renewables US

Equinor is one of the largest offshore wind developers in the U.S., where it operates two lease areas, Empire Wind and Beacon Wind. The projects plan to provide New York State with 3.3 gigawatts (GWs) of energy—enough to power nearly two million homes—including more than 2 GWs from Empire Wind and 1,230 megawatts from Beacon Wind 1.

bp in the US

bp’s ambition is to become a net zero company by 2050 or sooner, and to help the world get to net zero. bp has a larger economic footprint in the United States than anywhere else in the world, investing more than $130 billion in the economy and supporting about 245,000 jobs. For more information on bp in the US, visit www.bp.com/us.

WCS (Wildlife Conservation Society)

MISSION: WCS saves wildlife and wild places worldwide through science, conservation action, education, and inspiring people to value nature. To achieve our mission, WCS, based at the Bronx Zoo, harnesses the power of its Global Conservation Program in nearly 60 nations and in all the world’s oceans and its five wildlife parks in New York City, visited by 4 million people annually. WCS combines its expertise in the field, zoos, and aquarium to achieve its conservation mission. Visit: newsroom.wcs.org Follow: @WCSNewsroom. For more information: 347-840-1242. Listen to the WCS Wild Audio podcast HERE.

About Woods Hole Oceanographic Institution

The Woods Hole Oceanographic Institution (WHOI) is a private, non-profit organization on Cape Cod, Massachusetts, dedicated to marine research, engineering, and higher education. Established in 1930, its primary mission is to understand the ocean and its interaction with the Earth as a whole, and to communicate an understanding of the ocean’s role in the changing global environment. For more information, visit www.whoi.edu

Lauren Shane, senior communications manager, Equinor Renewables US:
This email address is being protected from spambots. You need JavaScript enabled to view it.
+1 (917) 392- 4252

V2G bidirectional chargers at New England’s largest energy storage and hydroelectric facility will support the integration of renewable energy and grid stability during peak load hours

NORTHFIELD, Mass.--(BUSINESS WIRE)--FirstLight Power, Fermata Energy, Skyview Ventures, State Representative Susannah M. Whipps (2nd Franklin), and other elected and appointed officials today celebrated a clean energy milestone – the installation of the first ever vehicle-to-grid (V2G) bidirectional charging stations in Western Massachusetts. Located in the visitor parking lot outside of FirstLight’s Northfield Mountain Pumped Hydro Storage Station, the installation also includes two separate, single-directional public EV charging stations.

The V2G installation, the first at a U.S. hydroelectric power facility, includes two bidirectional chargers, controlled by Fermata Energy’s proprietary software platform, that can both charge EVs and send energy stored in the EV batteries to the grid. The FirstLight operations team, which drives two leased Nissan LEAFs, has the option to discharge some of the energy stored in the EV batteries to the grid when it is needed most, such as during peak demand times caused by heat waves and other extreme weather events, which also reduces the system’s demand for fossil fuels. The Fermata Energy bidirectional charging system also supports the region’s clean energy transition by enabling EV fleet owners to store and discharge energy generated from intermittent renewable energy sources, such as solar and wind.

“We are pleased to collaborate with Fermata Energy, Skyview Ventures, and Eversource to complete the successful installation of these V2G charging stations, which reflect our commitment to embrace new technologies and solutions to accelerate the transition to a clean energy future,” said Alicia Barton, President and CEO of FirstLight. “As New England’s largest energy storage facility, Northfield Mountain is a fitting setting for this installation, as reaching Massachusetts’ goals of zero carbon emissions by 2050 will require contributions from a wide range of energy storage technologies – this will include large-scale, long-duration storage assets like Northfield Mountain, as well as promising new electric vehicle chargers like those being unveiled today.”

“It is exciting to see new and innovative clean energy solutions come to Franklin County, and I applaud FirstLight Power and their partners for making this investment,” said Representative Susannah M. Whipps (2nd Franklin). “Northfield Mountain is already a major contributor to the local economy in the form of tax payments along with good paying union jobs, and these new V2G and EV charging stations will offer immediate benefits to both the regional electrical grid and to the public.”

“As Massachusetts charts a path to net zero, we need bold thinking and collaboration across the public and private sectors that leverage proven clean energy solutions and new emerging clean energy technologies,” said MassCEC CEO Jen Daloisio. “That’s what makes this initiative at FirstLight’s Northfield Mountain so exciting. It brings together several partners that have invested in an innovative solution that will enhance grid flexibility, demonstrating the potential to scale novel storage solutions across the Commonwealth.”

Fermata Energy, a leader in V2X bidirectional charging technologies, deployed the bidirectional charging stations and manages the vehicle-to-everything (V2X) through their software platform. Skyview Ventures provided the project financing. The V2X program at the FirstLight’s hydroelectric facility participates in Eversource’s Connected Solutions ‘Daily Dispatch’ demand response program and is among the first Connected Solutions projects using light-duty EVs in Eversource’s service area.

“We applaud FirstLight for their vision for a clean energy future and for being the first to bring this innovative technology to Western Massachusetts,” said David Slutzky, Founder and CEO of Fermata Energy. “EVs spend more time parked than being driven, and parked EVs are an underutilized, untapped resource that can support grid resilience when coupled with V2X technologies. FirstLight understands how EVs are both sustainable transportation and mobile energy storage assets.”

“The opportunity for bidirectional charging is enormous,” said Andy Karetsky, President and Founder of Skyview Ventures. “FirstLight’s adoption of this technology at one of its marquee sites should be a signal to the market about the value of flexible, distributed energy assets and the evolution of America’s energy systems.”

The installation of the charging stations is included in the series of new investments and partnerships that FirstLight is undertaking in alignment with the 50^th anniversary of the Northfield Mountain Pumped Hydro Storage Station. The pumped-storage hydroelectric facility functions as a giant battery making it an ideal complement for large volumes of intermittent renewable resources such as the region’s growing portfolio of offshore wind and large-scale solar. In addition, large-scale energy storage facilities such as Northfield Mountain provide numerous benefits to the electric grid, including moving clean energy to meet peak demand, mitigating greenhouse gas emissions, improving reliability, and addressing system resiliency.

About FirstLight Power
FirstLight Power (FirstLight) is a leading clean power producer, developer, and energy storage company serving North America. With a diversified portfolio that includes over 1,400 megawatts of operating renewable energy and energy storage technologies, FirstLight specializes in hybrid solutions that pair hydroelectric, pumped-hydro storage, utility-scale solar, large-scale battery, and offshore wind assets. The company’s mission is to accelerate the decarbonization of the electric grid by supporting the development, operation, and integration of renewable energy and storage solutions to advance an electric system that is clean, reliable, affordable, and equitable. Based in Burlington, MA, with operating offices in Northfield, MA and New Milford, CT, FirstLight is a steward of more than 14,000 acres and hundreds of miles of shoreline along some of the most beautiful rivers and lakes in the Northeast. To learn more, visit www.firstlightpower.com or follow us on LinkedIn or Twitter.

About Fermata Energy
Park it. Plug it. Profit. Fermata Energy’s proprietary vehicle-to-everything (V2X) software platform and bidirectional chargers turn EVs into mobile energy storage assets, making it possible for EVs owners to combat climate change, increase grid resilience, and earn revenue. Learn more at www.fermataenergy.com, and follow us on Twitter (@FermataEnergy) and LinkedIn.

About Skyview Ventures
Skyview Ventures transacts, advises, and invests in renewable energy and carbon reduction markets and companies across North America and operates businesses in environment commodities, solar and battery storage development, and electric vehicle infrastructure. Founded in 2008, Skyview has successfully completed over $2B+ in structured environmental attribute financing, 100 MW of solar development and 400+ EV charging ports and has invested in over 20 technology companies providing solutions to the energy decarbonization transformation. For more information, please visit www.skyviewventures.com.

For FirstLight Power
Len Greene, Head of Government Affairs & Communications
203-232-7267, This email address is being protected from spambots. You need JavaScript enabled to view it.

Travis Small, Slowey McManus Communications
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For Fermata Energy
Daniel Cherrin
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ARLINGTON, Va.--(BUSINESS WIRE)--$AVAV--AeroVironment, Inc. (NASDAQ: AVAV), a global leader in intelligent, multi-domain robotic systems, today reported financial results for the first quarter ended July 30, 2022.

First Quarter Highlights

• First quarter revenue of $108.5 million, up 7% year-over-year
• First quarter gross margin of $33.7 million, an increase of 17% year-over-year; gross margin percentage rose approximately 300 basis points, to 31%
• First quarter net loss attributable to AeroVironment of $(8.4) million and non-GAAP adjusted EBITDA of $13 million
• Strong August bookings resulted in record funded backlog of $307.6 million as of August 27, 2022

“The company achieved first quarter results in line with expectations, and we are reaffirming our fiscal 2023 guidance as shared last quarter,” said Wahid Nawabi, AeroVironment chairman, president and chief executive officer. “We’re excited about the traction we’re receiving in the market, underscored by recent Switchblade orders and award of the U.S. Army’s Future Tactical UAS Increment 1. Even though backlog was flat relative to last quarter, strong August bookings have led to a record funded backlog.

“Overall, we are successfully managing ongoing supply chain challenges and are well positioned for continued value creation due to strong demand across nearly all our product lines led by heightened global interest in our Switchblade Tactical Missile Systems, Small Unmanned Aircraft Systems, and Medium Unmanned Aircraft Systems product lines.”

FISCAL 2023 FIRST QUARTER RESULTS

Revenue for the first quarter of fiscal 2023 was $108.5 million, an increase of 7% from the first quarter of fiscal 2022 revenue of $101.0 million. The increase in revenue reflects an increase in product sales of $4.9 million and an increase in service revenue of $2.6 million. The increase in revenue was primarily due to increases in revenue in the Tactical Missile Systems (“TMS”) segment of $3.8 million, All Other segment of $3.6 million primarily due to an increase in customer-funded research and development revenue and the Small Unmanned Aircraft Systems (“Small UAS”) segment of $3.3 million. These increases were partially offset by a decrease in revenue from the Medium Unmanned Aircraft Systems (“MUAS”) segment of $3.1 million.

Gross margin for the first quarter of fiscal 2023 was $33.7 million, an increase of 17% from the first quarter of fiscal 2022 gross margin of $28.7 million. The increase in gross margin reflects higher product margin of $4.5 million and higher service margin of $0.4 million. As a percentage of revenue, gross margin increased to 31% from 28%. Gross margin was negatively impacted by $3.0 million of intangible amortization expense and other related non-cash purchase accounting expenses in the first quarter of fiscal 2023 as compared to $4.0 million in the first quarter of fiscal 2022.

Loss from operations for the first quarter of fiscal 2023 was $3.3 million, a decrease of $8.8 million from the first quarter of fiscal 2022 loss from operations of $12.1 million. The decrease in loss from operations was primarily the result of a decrease in selling, general and administrative (“SG&A”) expense of $5.2 million and an increase in gross margin of $5.0 million, partially offset by an increase in research and development (“R&D”) expense of $1.3 million. The decrease in SG&A expense reflects a decrease in acquisition-related expenses of $2.9 million and a decrease in intangible amortization expense and other related non-cash purchase accounting expenses of $1.2 million.

Other expense, net, for the first quarter of fiscal 2023 was $2.0 million, as compared to other expense, net of $1.6 million for the first quarter of fiscal 2022, primarily due to an increase in interest expense resulting from an increase in interest rates.

Provision for income taxes for the first quarter of fiscal 2023 was $2.6 million, as compared to a benefit from income taxes of $(1.0) million for the first quarter of fiscal 2022. The increase in provision for income taxes was primarily due to changes in the full fiscal year projected effective income tax rate.

Equity method investment loss, net of tax, for the first quarter of fiscal 2023 was $0.5 million, as compared to $1.1 million for the first quarter of fiscal 2022. Subsequent to the sale of the equity interest in HAPSMobile during the three months ended April 30, 2022, equity method investment loss, net of tax only relates to activity from investments in limited partnership funds.

Net loss attributable to AeroVironment for the first quarter of fiscal 2023 was $8.4 million, or $(0.34) per diluted share, as compared to $14.0 million, or $(0.57) per diluted share, for the first quarter of fiscal 2022.

Non-GAAP loss per diluted share was $(0.10) for the first quarter of fiscal 2023, as compared to $(0.17) for the first quarter of fiscal 2022.

BACKLOG

As of July 30, 2022, funded backlog (defined as remaining performance obligations under firm orders for which funding is currently appropriated to the Company under a customer contract) was $203.9 million, as compared to $210.8 million as of April 30, 2022. As of August 27, 2022, funded backlog was $307.6 million.

FISCAL 2023 — OUTLOOK FOR THE FULL YEAR

For the fiscal year 2023, the Company continues to expect revenue of between $490 million and $520 million, net income of between $11 million and $18 million, Non-GAAP adjusted EBITDA of between $82 million and $92 million, earnings per diluted share of between $0.42 and $0.72 and non-GAAP earnings per diluted share, which excludes amortization of intangible assets and other non-cash purchase accounting expenses, of between $1.35 and $1.65.

The foregoing estimates are forward-looking and reflect management’s view of current and future market conditions, subject to certain risks and uncertainties, and including certain assumptions with respect to our ability to efficiently and on a timely basis integrate our acquisitions, obtain and retain government contracts, changes in the timing and/or amount of government spending, changes in the demand for our products and services, activities of competitors, changes in the regulatory environment, and general economic and business conditions in the United States and elsewhere in the world. Investors are reminded that actual results may differ materially from these estimates.

CONFERENCE CALL AND PRESENTATION

In conjunction with this release, AeroVironment, Inc. will host a conference call today, Wednesday, September 7, 2022, at 4:30 pm Eastern Time that will be webcast live. Wahid Nawabi, chairman, president and chief executive officer, Kevin P. McDonnell, chief financial officer and Jonah Teeter-Balin, senior director corporate development and investor relations, will host the call.

New this quarter, investors may access the call by registering via the following participant registration link up to ten minutes prior to the start time.

Participant registration URL: https://register.vevent.com/register/BI9db32ad42d4b4fd5a1ec1f9a55e658f5

Investors may also listen to the live audio webcast via the Investor Relations page of the AeroVironment, Inc. website, http://investor.avinc.com. Please allow 15 minutes prior to the call to download and install any necessary audio software.

A supplementary investor presentation for the first quarter fiscal year 2023 can be accessed at https://investor.avinc.com/events-and-presentations.

Audio Replay

An audio replay of the event will be archived on the Investor Relations section of the Company's website at http://investor.avinc.com.

ABOUT AEROVIRONMENT, INC.

AeroVironment (NASDAQ: AVAV) provides technology solutions at the intersection of robotics, sensors, software analytics and connectivity that deliver more actionable intelligence so you can Proceed with Certainty. Headquartered in Virginia, AeroVironment is a global leader in intelligent, multi-domain robotic systems, and serves defense, government and commercial customers. For more information, visit www.avinc.com.

FORWARD-LOOKING STATEMENTS

This press release contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words such as “believe,” “anticipate,” “expect,” “estimate,” “intend,” “project,” “plan,” or words or phrases with similar meaning. Forward-looking statements are based on current expectations, forecasts and assumptions that involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of our control, that may cause our business, strategy or actual results to differ materially from the forward-looking statements.

Factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, the impact of our recent acquisitions of Arcturus UAV, Telerob and ISG and our ability to successfully integrate them into our operations; the risk that disruptions will occur from the transactions that will harm our business; any disruptions or threatened disruptions to our relationships with our distributors, suppliers, customers and employees, including shortages in components for our products; the ability to timely and sufficiently integrate international operations into our ongoing business and compliance programs; reliance on sales to the U.S. government and related to our development of HAPS UAS; availability of U.S. government funding for defense procurement and R&D programs; changes in the timing and/or amount of government spending; our ability to perform under existing contracts and obtain new contracts; risks related to our international business, including compliance with export control laws; potential need for changes in our long-term strategy in response to future developments; the extensive regulatory requirements governing our contracts with the U.S. government and international customers; the consequences to our financial position, business and reputation that could result from failing to comply with such regulatory requirements; unexpected technical and marketing difficulties inherent in major research and product development efforts; the impact of potential security and cyber threats or the risk of unauthorized access to our, our customers’ and/or our suppliers’ information and systems; changes in the supply and/or demand and/or prices for our products and services; increased competition; uncertainty in the customer adoption rate of commercial use unmanned aircraft systems; failure to remain a market innovator, to create new market opportunities or to expand into new markets; unexpected changes in significant operating expenses, including components and raw materials; failure to develop new products or integrate new technology into current products; unfavorable results in legal proceedings; our ability to respond and adapt to unexpected legal, regulatory and government budgetary changes, including those resulting from the ongoing COVID-19 pandemic, such as supply chain disruptions, vaccine mandates, the threat of future variants and potential governmentally-mandated shutdowns, quarantine policies, travel restrictions and social distancing, curtailment of trade, diversion of government resources to non-defense priorities, and other business restrictions affecting our ability to manufacture and sell our products and provide our services; our ability to comply with the covenants in our loan documents; our ability to attract and retain skilled employees; the impact of inflation; and general economic and business conditions in the United States and elsewhere in the world; and the failure to establish and maintain effective internal control over financial reporting. For a further list and description of such risks and uncertainties, see the reports we file with the Securities and Exchange Commission. We do not intend, and undertake no obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise.

NON-GAAP MEASURES

In addition to the financial measures prepared in accordance with generally accepted accounting principles (GAAP), this earnings release also contains non-GAAP financial measures. See in the financial tables below the calculation of these measures, the reasons why we believe these measures provide useful information to investors, and a reconciliation of these measures to the most directly comparable GAAP measures.

Statement Regarding Non-GAAP Measures

The non-GAAP measures set forth above should be considered in addition to, and not as a replacement for or superior to, the comparable GAAP measures, and may not be comparable to similarly titled measures reported by other companies.

Jonah Teeter-Balin
+1 (805) 520-8350 x4278
https://investor.avinc.com/contact-us

Underwritten by Citigroup, the authorization to issue these bonds to help finance the Louisiana Green Fuels project reflects latest milestone for the world’s lowest carbon footprint liquid fuel plant

COLUMBIA, La.--(BUSINESS WIRE)--Strategic Biofuels, the leader in developing negative carbon footprint renewable fuels plants, announced today that the Louisiana Community Development Authority’s (LCDA) Executive Committee voted unanimously to adopt a resolution granting final approval for the issuance of up to $1.1 billion of its Revenue Bonds to finance a portion of the Louisiana Green Fuels project (LGF). The utilization of waste materials to produce fuels enables the LGF project to utilize these tax-exempt municipal bonds. Citigroup Global Markets Inc., the investment bank and financial services company, has been engaged to serve as the underwriter of the bonds and will be responsible for marketing the bonds to investors.

“Over the course of 2022 we have aggressively advanced the LGF project across multiple dimensions. This latest bond cap approval substantially enhances the project financing structure by providing low interest rate project debt,” said Dr. Paul Schubert, CEO of Strategic Biofuels. “We greatly appreciate the confidence in the project tangibly expressed by the LCDA in their unanimous approval of this increase.”

The LCDA is a statewide Conduit Issuer of revenue bonds and is authorized to issue bonds to finance economic development, industrial and manufacturing facilities, and a variety of projects on behalf of local governmental entities throughout the State of Louisiana. Although the State of Louisiana authorizes the issuance of the bonds, they are not guaranteed by the State or the LCDA nor are taxpayer dollars involved. To date, Strategic Biofuels has received $450 million in total bond allocations, $200 million for 2020 and $250 million for 2021. The Company anticipates receiving substantial additional allocations over the next two years.

“We are happy to play a part in this important transaction for the economic impact it will have in Caldwell Parish and the entire Northeast portion of the State of Louisiana,” said Ty E. Carlos, Executive Director of the LCDA.

The increased bond cap approval complements the positive financial impact on the LGF project from the recent Inflation Reduction Act. In particular, the Act increased the 45Q Sequestration Tax Credit from $50 to $85 per metric ton of CO₂ for the approximately 1.4 million tons of CO₂ per year expected to be sequestered. This adds to project revenues from the sale of the 32 million gallons of renewable fuel, credits under the Federal Renewable Fuel Standard (RINs), credits under the California Low Carbon Fuels Standard (LCFS), and applicable Federal Blender’s Tax Credits (BTC) or Production Tax Credits (PTC). These revenue streams provide the deeply carbon negative project with exceptionally robust economics.

“The mission of the LCDA is to assist municipalities, 501c3, and private activity entities, like Louisiana Green Fuels, in issuing bonds for the construction of economic development projects, infrastructure and environmental facilities. This project fits in perfectly with our mission,” said David Rabalais, Chairman for the Executive Committee of the LCDA.

The State Bond Commission granted its approval for the $1.1 billion bond cap at its July 21 meeting and in August, the approval of the Louisiana Community Development Authority was the final approval necessary to allow issuance of the bonds up to that cap. The project expects to issue the bonds in late 2023. The news of this issuance comes quickly after the Strategic Biofuels team recently shared additional support coming from the Department of Homeland Security and FEMA through their Port Security Grant Program in the form of a $1 million grant.

For more information about Strategic Biofuels or the Louisiana Green Fuels project, visit: www.strategicbiofuels.com.

About Strategic Biofuels

Strategic Biofuels LLC is a team of energy, petrochemical and renewable technology experts focused on developing a series of deeply negative carbon footprint plants in northern Louisiana that convert waste materials from managed forests into renewable diesel fuel and renewable naphtha. The fuel qualifies for substantial Carbon Credits under the Federal Renewable Fuel Standard Program and under the California Low Carbon Fuels Standard.

About Louisiana Green Fuels

Louisiana Green Fuels is the first of a series of projects by Strategic Biofuels LLC in Caldwell Parish, Louisiana. Located at the Port of Columbia, the plant will produce renewable diesel fuel from Renewable Fuel Standard compliant forestry waste and will produce all its own green power from sawmill and forestry waste materials. The plant and its accompanying Class VI Carbon Capture and Sequestration (CCS) Wells will produce renewable diesel fuel with a carbon footprint that is nearly a 400% reduction compared to fossil diesel, making it the most deeply carbon-negative liquid fuel in the world.

Hunter Dodson
512-448-4950
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WARRENVILLE, Ill.--(BUSINESS WIRE)--Fuel Tech, Inc. (NASDAQ: FTEK), a technology company providing advanced engineering solutions for the optimization of combustion systems, emissions control, and water treatment in utility and industrial applications, today announced that President & CEO Vince Arnone is scheduled to present at the 24^th Annual H.C. Wainwright Global Investment Conference, taking place virtually September 12-14, 2022.

A copy of the presentation is available at www.ftek.com. A virtual presentation will be available starting at 7:00 a.m. Eastern Time on September 12, 2022 for registered attendees.

For more information about the conference or to schedule a one-on-one meeting with management, please contact your HCW representative or register at https://hcwevents.com/annualconference/

About Fuel Tech

Fuel Tech develops and commercializes state-of-the-art proprietary technologies for air pollution control, process optimization, water treatment, and advanced engineering services. These technologies enable customers to operate in a cost-effective and environmentally sustainable manner. Fuel Tech is a leader in nitrogen oxide (NO_x) reduction and particulate control technologies and its solutions have been in installed on over 1,200 utility, industrial and municipal units worldwide. The Company’s FUEL CHEM^® technology improves the efficiency, reliability, fuel flexibility, boiler heat rate, and environmental status of combustion units by controlling slagging, fouling, corrosion and opacity. Water treatment technologies include DGI™ Dissolved Gas Infusion Systems which utilize a patented nozzle to deliver supersaturated oxygen solutions and other gas-water combinations to target process applications or environmental issues. This infusion process has a variety of applications in the water and wastewater industries, including remediation, aeration, biological treatment and wastewater odor management. Many of Fuel Tech’s products and services rely heavily on the Company’s exceptional Computational Fluid Dynamics modeling capabilities, which are enhanced by internally developed, high-end visualization software. For more information, visit Fuel Tech’s web site at www.ftek.com.

NOTE REGARDING FORWARD-LOOKING STATEMENTS

This press release contains “forward-looking statements” as defined in Section 21E of the Securities Exchange Act of 1934, as amended, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and reflect Fuel Tech’s current expectations regarding future growth, results of operations, cash flows, performance and business prospects, and opportunities, as well as assumptions made by, and information currently available to, our management. Fuel Tech has tried to identify forward-looking statements by using words such as “anticipate,” “believe,” “plan,” “expect,” “estimate,” “intend,” “will,” and similar expressions, but these words are not the exclusive means of identifying forward-looking statements. These statements are based on information currently available to Fuel Tech and are subject to various risks, uncertainties, and other factors, including, but not limited to, those discussed in Fuel Tech’s Annual Report on Form 10-K in Item 1A under the caption “Risk Factors,” and subsequent filings under the Securities Exchange Act of 1934, as amended, which could cause Fuel Tech’s actual growth, results of operations, financial condition, cash flows, performance and business prospects and opportunities to differ materially from those expressed in, or implied by, these statements. Fuel Tech undertakes no obligation to update such factors or to publicly announce the results of any of the forward-looking statements contained herein to reflect future events, developments, or changed circumstances or for any other reason. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including those detailed in Fuel Tech’s filings with the Securities and Exchange Commission.

Vince Arnone
President and Chief Executive Officer
(630) 845-4500

Devin Sullivan
Senior Vice President
The Equity Group Inc.
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Hundreds of top business, government, and nonprofit leaders address challenges and potential solutions following unprecedented government investments to combat the climate crisis

LOS ANGELES--(BUSINESS WIRE)--Marking the first major environmental summit since the adoption of record spending plans at the state and federal levels to combat the climate crisis, the Los Angeles Business Council today convened a broad coalition of business, environmental, and civic leaders to address challenges, opportunities, and how California can continue to set the pace for sustainability.

“The LABC is proud to take the lead in convening some of the world’s top sustainability leaders as we continue to deliver on our clean energy goals and expand our workforce to foster a healthier environment,” said LABC President Mary Leslie. “The recent passage of the Inflation Reduction Act (IRA) and record climate-related spending package in Sacramento each deliver historic opportunities for Southern California and beyond to generate new, high paying jobs and investment while creating a stronger, more inclusive green economy. Today is about showcasing our achievements and accelerating our path to a more sustainable tomorrow.”

Last month, federal lawmakers passed one of the nation’s most ambitious climate action legislation packages in the nation’s history. The nearly $370 billion in climate spending includes extensions of the investment and production tax credits; a first-time inclusion of credits for standalone energy storage; permitting reform and tax credits for new and used electric vehicles (EVs), and more. The historic spending package will create new jobs and help California reach its own ambitious goals, including 100% renewable energy by 2045, with L.A. aiming to reach that mark a decade sooner.

The LABC has been a longstanding advocate of accelerating investments in clean energy, transportation, and environmental remediation, putting Los Angeles and the entire state of California on the front lines in the fight against global warming.

“Los Angeles is recognized as a global leader in the fight against the climate crisis, so it’s our responsibility to continue to set the highest possible standards for cities around the world to follow,” said Mayor Eric Garcetti. “The LABC Sustainability Summit is an opportunity for climate leaders to convene around the most challenging and pressing issues we face – and a chance to discuss how we can best leverage future federal and state dollars to further accelerate our ambition.”

In addition to the federal spending package, California last month passed a flurry of bills representing its most aggressive response ever to the climate crisis, including the landmark SB 1020 which would require the state to generate 90% of its electricity from renewable sources by 2035 and 100% by 2045 (state agencies would also have to source from 100% renewable sources by 2035 for their own operations). The state will direct a record $54 billion toward climate spending, including investments in EVs, rail and port projects, and drought mitigation programs. Lawmakers also agreed to extend the life of the state’s last nuclear power plant until 2030 – one that generated 6 percent of California’s electricity last year – and to invest $1.1 billion in a statewide "Marshall Plan" for developing renewable energy.

“State and federal investments in climate-change mitigation and clean energy provide an important opportunity to deliver on the promise of climate justice for all,” said Manuel Pastor, professor of sociology and director of the Equity Research Institute at USC. “That starts with ensuring clean energy jobs are available far and wide and eliminating the systemic barriers that might get in the way.”

In June, the U.S. Department of Energy released an annual report outlining strong growth in clean energy jobs last year, with the broader energy sector outpacing overall employment nationwide. The electric vehicle industry added nearly 22,000 new jobs; solar energy added more than 17,000 jobs; and wind energy added more than 3,000 new jobs, according to the report. California had among the strongest energy job growth nationwide, adding more than 11,000 new jobs in low- or zero-carbon vehicles; nearly 6,000 jobs in energy efficiency; and nearly 2,000 new jobs in the solar industry, the report found.

“USC has both the ability and the responsibility to lead the way on sustainability, particularly as one of the largest private employers in Los Angeles County,” said Dr. Carol L. Folt, president of USC, which hosted the summit. “Every day, our community drives imaginative solutions in renewable energy, water supply, transportation, and other critical areas, and we produce creative work that helps inspire the change we all want to see. But there’s more we can do, and we welcome partners in our collective commitment to healing our planet.”

Highlighting the urgency of the moment, the summit coincided with a wave of climate crisis-induced challenges in California, including record temperatures, tightened water restrictions, wildfire evacuations, and the recent declaration of a statewide grid emergency.

“The alarming heatwaves of the past few weeks — among other recent environmental crises — are only the most striking manifestations of an existential threat that has been looming for decades,” said UCLA Chancellor Gene Block. “These troubling issues highlight why UCLA has made sustainability and climate action a central focus in our teaching and research, campus operations, and the ways in which we engage with the region.”

A full list of speakers and events at the LABC’s 16^th annual Sustainability Summit is available at labusinesscouncil.org.

About the Los Angeles Business Council

The Los Angeles Business Council is one of the most effective and influential advocacy and educational organizations in California. For over 70 years, the LABC has had a major impact on public policy by harnessing the power of business and government to promote environmental and economic sustainability in the Los Angeles region. To learn more, please visit labusinesscouncil.org.

Matt McKinney
(310) 974-6681|This email address is being protected from spambots. You need JavaScript enabled to view it.

HOUSTON--(BUSINESS WIRE)--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) announced today that representatives of Hess Midstream will meet with investors at the NYSE Energy and Utilities Investor Access Day on September 14, 2022, and at the Credit Suisse Houston Oil & Gas Conference on September 21, 2022.

A presentation has been posted in the “Investors” section of the Hess Midstream website at www.hessmidstream.com.

About Hess Midstream

Hess Midstream is a fee-based, growth-oriented, midstream company that owns, operates, develops and acquires a diverse set of midstream assets to provide services to Hess and third-party customers. Hess Midstream owns oil, gas and produced water handling assets that are primarily located in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota. More information is available at www.hessmidstream.com.

Forward Looking Statements

This press release may include forward-looking statements within the meaning of the federal securities laws. Generally, the words “anticipate,” “estimate,” “expect,” “forecast,” “guidance,” “could,” “may,” “should,” “believe,” “intend,” “project,” “plan,” “predict,” “will” and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results and current projections or expectations. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the filings made by Hess Midstream with the U.S. Securities and Exchange Commission, which are available to the public. Hess Midstream undertakes no obligation to, and does not intend to, update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

Investor:
Jennifer Gordon
(212) 536-8244

Media:
Robert Young
(713) 496-6076

TORONTO--(BUSINESS WIRE)--September 2022 Cash Dividend - $0.06 per share

Superior Plus Corp. (“Superior”)(TSX:SPB) today announced its cash dividend for the month of September 2022 of $0.06 per share payable on October 17, 2022. The record date is September 30, 2022, and the ex-dividend date will be September 29, 2022. Superior’s annualized cash dividend rate is currently $0.72 per share. This dividend is an eligible dividend for Canadian income tax purposes.

About the Corporation

Superior is a leading North American distributor and marketer of propane and distillates and related products and services, servicing approximately 890,000 customer locations in the U.S. and Canada.

For further information about Superior, please visit Superior’s website at: www.superiorplus.com or contact: Beth Summers, Executive Vice President and Chief Financial Officer, Tel: (416) 340-6015, or Rob Dorran, Vice President, Capital Markets, Tel: (416) 340-6003, E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it., Toll-Free: 1-866-490-PLUS (7587).

Forward Looking Information

This news release contains certain forward-looking information and statements based on Superior’s current expectations, estimates, projections and assumptions in light of its experience and perception of historical trends. In this news release, such forward-looking information and statements can be identified by terminology such as “will,” "expects," "annualized," and similar expressions.

In particular, this news release contains forward-looking statements and information relating to future dividends, which may be declared on Superior’s common shares, the dividend payment, the tax treatment thereof, and the receipt of cash dividends. These forward-looking statements are being made by Superior based on certain assumptions that Superior has made in respect thereof as at the date of this news release regarding, among other things: the success of Superior’s operations; prevailing commodity prices, margins, volumes and exchange rates; that Superior’s future results of operations will be consistent with past performance and management expectations in relation thereto; the continued availability of capital at attractive prices to fund future capital requirements; future operating costs; that any required commercial agreements can be reached; that all required regulatory and environmental approvals can be obtained on the necessary terms promptly. These forward-looking statements are not guarantees of future performance and are subject to several known and unknown risks and uncertainties, including, but not limited to: the regulatory environment and decisions; non-performance of agreements in accordance with their terms; the impact of competitive entities and pricing; reliance on key industry partners and agreements; actions by governmental or regulatory authorities including changes in tax laws and treatment, or increased environmental regulation; adverse general economic and market conditions in Canada, North America and elsewhere; fluctuations in operating results; labour and material shortages; and certain other risks detailed from time to time in Superior’s public disclosure documents including, among other things, those detailed under the heading "Risk Factors" in Superior’s management's discussion and analysis and annual information form for the year ended December 31, 2021, which can be found at www.sedar.com.

Accordingly, readers are cautioned that events or circumstances could cause results to differ materially from those predicted, forecasted or projected. Such forward-looking statements are expressly qualified by the above statements. Superior does not undertake any obligation to publicly update or revise any forward looking statements or information contained herein, except as required by applicable laws.

Beth Summers
Executive Vice President and Chief Financial Officer
Tel: (416) 340-6015
or
Rob Dorran
Vice President, Capital Markets
Tel: (416) 340-6003
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Toll-Free: 1-866-490-PLUS (7587)

BOGOTA, Colombia--(BUSINESS WIRE)--GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator, today announced its intent to fully redeem the aggregate principal amount of its 6.500% senior notes due 2024 (the “Notes”), which will equal $67,124,000 as of the anticipated redemption date. A notice of redemption will be sent to the holders of the Notes in accordance with the requirements of the indenture governing the Notes (the “Indenture”). Pursuant to the terms of the Indenture, the Notes will be redeemed at a redemption price equal to 101.625% of the principal amount of the Notes redeemed, plus accrued and unpaid interest and additional amounts (if any) to, but excluding, the redemption date.

The anticipated redemption date is September 21, 2022.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any security nor a notice of redemption under the Indenture and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.

CAUTIONARY STATEMENT ON FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often are preceded by words such as “believes,” “expects,” “may,” “anticipates,” “plans,” “intends,” “assumes,” “will” or similar expressions. The forward-looking statements contained herein include statements about the full redemption of the Notes. These expectations may or may not be realized. Some of these expectations may be based upon assumptions or judgments that prove to be incorrect. In addition, GeoPark’s business and operations involve numerous risks and uncertainties, many of which are beyond the control of GeoPark, which could result in GeoPark’s expectations not being realized or otherwise materially affect the financial condition, results of operations and cash flows of GeoPark. Some of the factors that could cause future results to materially differ from recent results or those projected in forward-looking statements are described in GeoPark’s filings with the United States Securities and Exchange Commission.

The forward-looking statements are made only as of the date hereof, and GeoPark does not undertake any obligation to (and expressly disclaims any obligation to) update any forward-looking statements to reflect events or circumstances after the date such statements were made, or to reflect the occurrence of unanticipated events. In light of the risks and uncertainties described above, and the potential for variation of actual results from the assumptions on which certain of such forward-looking statements are based, investors should keep in mind that the results, events or developments disclosed in any forward-looking statement made in this document may not occur, and that actual results may vary materially from those described herein, including those described as anticipated, expected, targeted, projected or otherwise.

INVESTORS:
Stacy Steimel
Shareholder Value Director
T: +562 2242 9600
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Miguel Bello
Market Access Director
T: +562 2242 9600
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Diego Gully
Investor Relations Director
T: +5411 4312 9400
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MEDIA:
Communications Department
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DUBLIN--(BUSINESS WIRE)--The "Germany Two-wheeler Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.

The study assesses the two-wheeler (2W) market in Germany, comprising both internal combustion engine (ICE) vehicles and electric 2Ws (e2Ws). The study's objective is to examine factors transforming the 2W space and how Germany, as a market, is transitioning towards electric solutions.

It incorporates an in-depth country analysis, looking at macro factors - political, economic, social, technological, legal, and environmental (PESTLE) - and identifying strengths, weaknesses, opportunities, threats (SWOT), and various market drivers.

The study projects the market growth for ICE vehicles and e2Ws and gives insights into the 2W segment by type, identifying the dominant market players regarding price and market share. It provides a snapshot of market opportunities by providing cost analyses, opportunities by fuel type, growing business models within each space, and opportunities for electric vehicle (EV) products and solutions.

From 2017 onward, the sales trend in the German ICE 2W market has been a positive one. In 2020, despite the pandemic, the 2W market achieved its highest sales in the last 10 years. The need for small-capacity 2Ws for personal transportation and large-capacity 2Ws for leisure motorcycling drove sales. Germany is the largest market in Europe and the 4th-largest globally. Large displacement motorcycles (>500cc) dominate ICE 2W sales in the country.

The country is a pioneer in 2W advanced driver assistance systems (ADAS) and connected technology adoption and is fast-tracking e2W adoption. Original equipment manufacturers (OEMs) are intensifying their focus on advanced rider assistance systems (ARAS) and self-balancing technology. An increase in spending on leisure riding, particularly in the >950cc motorcycle segment, indicates a demand for performance-oriented 2Ws and e2Ws. Consumers are expressing increasing interest in e2Ws for private ownership and ridesharing services. Small-capacity commuter ICE 2Ws are likely to get replaced by e2Ws due to higher restrictions inside the city. Established parts distribution channels and professional service support will increase the number of 2Ws in operation.

Key Topics Covered:

1. Strategic Imperatives

• Why is it Increasingly Difficult to Grow?
• The Strategic Imperative 8™
• The Impact of the Top 3 Strategic Imperatives on Germany's 2-wheeler (2W) Industry
• Growth Opportunities Fuel the Growth Pipeline Engine™

2. Research Scope

• The 2W Market Overview, Germany
• Questions this Study will Answer
• 2W Market and OEM Segmentation

3. Growth Opportunity Analysis

• Roadmap of Germany's 2W Market
• Vehicles in Operation (VIO) for the 2W Market
• Key Growth Metrics
• PESTLE Overview of German 2W Market
• SWOT Analysis for the German 2W Market
• Overall Market Attractiveness
• Market Outlook for 2Ws
• Overall Market Snapshot

4. Growth Opportunity Analysis, Germany

• Market Trends, Germany
• Evolving e2W Ecosystem in Germany

5. Analysis of ICE 2W Segment

• ICE 2W Historical Performance - Unit Shipment
• ICE 2W Unit Shipment Forecast
• ICE 2W Sales - By Type
• ICE 2W Sales - By Displacement
• Top OEMs - Market Leaders in 2020
• Snapshot of the Top ICE Models in Germany

6. Analysis of the e2W Segment

• e2W Historical Performance - Unit Shipment
• e2W Unit Shipment Forecast
• e2W Sales - By Type
• Snapshot of the Top Electric Models in Germany

7. Market Opportunity Analysis

• Comparative Cost Analysis
• Opportunities by Fuel Type
• Opportunity by 2W Mobility Solutions, New Solutions
• Opportunity by Vehicle Type
• Opportunity for e2W Products, Solutions, and Services
• Regional Opportunities

8. Growth Opportunities

• Growth Opportunity 1 - The Emergence of e2Ws Will Need the Widespread Installation of Charging Stations
• Growth Opportunity 2 - Innovative Business Models Will Cater to the CEP and Ridesharing Industry's Needs
• Growth Opportunity 3 - Market Shift toward e2Ws Will Open Up New Opportunities in the Aftermarket Segment

9. Next Steps

• Your Next Steps
• List of Exhibits
• Legal Disclaimer

For more information about this report visit https://www.researchandmarkets.com/r/1s40k8

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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TULSA, Okla.--(BUSINESS WIRE)--NGL Energy Partners LP (NYSE:NGL) today announced that it will attend the Wells Fargo 2022 Leveraged Finance Conference in Nashville, Tennessee on September 7, 2022 – September 9, 2022. Members of NGL’s management team will participate in a series of one-on-one meetings with members of the investment community at the conference. The slide presentation referenced at the conference is available on NGL’s website at www.nglenergypartners.com on the “Presentations” sub-tab under the “Investor Relations” section.

About NGL Energy Partners LP

NGL Energy Partners LP, a Delaware limited partnership, is a diversified midstream energy company that transports, stores, markets and provides other logistics services for crude oil, natural gas liquids and other products and transports, treats and disposes of produced water generated as part of the oil and natural gas production process. For further information, visit the Partnership’s website at www.nglenergypartners.com.

Linda Bridges 918-481-1119
Executive Vice President, Chief Financial Officer and Treasurer
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or
David Sullivan 918-481-1119
Vice President – Finance
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HOLYOKE, Mass.--(BUSINESS WIRE)--ESG Clean Energy, LLC, developers of zero carbon power generation systems, announced today it has signed a second agreement with Holyoke Gas & Electric (HG&E) to produce over 4.2 MW of clean power for the local electric grid while capturing nearly 100% of the CO2 during the process.

Under a Power Purchasing Agreement with HG&E, ESG will provide its patented carbon capture system to help HG&E generate low-cost electricity, capture the carbon dioxide from the burning of natural gas, and help support the reliability of the area electric grid during peak usage times.

As a result, the power generation site will capture over 15,000 tons of carbon dioxide every year and use the water vapor to produce diesel exhaust fluid.

Project financing is provided by Colliers Funding, LLC.

This agreement follows ESG’s first installation, a 3.9 MW generation and carbon capture facility also located in Holyoke.

“We are pleased to begin planning our second carbon capture power generation system in Holyoke with HG&E and make that project a reality,” said Nick Scuderi, president of ESG Clean Energy. “With our first project now generating power, we are excited to kick off the second project and advance our technology.”

One of the benefits of the ESG Clean Energy power generation system is the ability to utilize waste heat from a conventional, natural gas, internal combustion engine to drive its carbon dioxide capture technology without loss of efficiency. By isolating the water vapor and C02, the ESG system is designed to produce various commodities while capturing nearly 100 percent of the CO2.

As a result, a zero-carbon footprint can be achieved.

For more information about ESG Clean Energy, please visit www.ESGcleanEnergy.com.

About ESG Clean Energy, LLC

ESG Clean Energy, LLC (ESG) develops zero carbon footprints and clean energy solutions for businesses and power providers using natural gas. The ESG system design utilizes patented technology to efficiently produce electricity while capturing and converting the carbon dioxide and water vapor, which can be used in the production of various commodities. More information about ESG Clean Energy, its technology, and its current projects can be found at www.ESGcleanEnergy.com.

Media
Bill Wrinn
Ph: 978-559-1970
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

BOSTON--(BUSINESS WIRE)--Exaktera LLC, (“Exaktera”), a Union Park Capital (“Union Park”) portfolio company, is pleased to announce its acquisition of Advanced Illumination Inc. (“Advanced Illumination”), a long-established design and manufacturer of specialty LED lighting assemblies and drivers for machine vision, industrial imaging, bio-medical and related imaging applications. Terms of the transaction were not disclosed.

Advanced Illumination’s state-of-the-art LED components, current mode drivers and strobe sources, combined with optical and thermal design techniques enable factory automation and machine vision across a wide variety of industrial applications. Established in 1993, Advanced Illumination has partnered with industry leading integrators, distributors and OEMs to solve end users illumination needs and solving their most challenging advanced lighting challenges.

“We are very excited to have Advanced Illumination join the Exaktera family,” says Phil Martin, CEO Exaktera. “The company’s product portfolio in specialty LED solutions and expertise in machine vision is highly complementary to Exaktera’s existing capabilities. Their technical leadership and deep application knowledge strengthens our overall capabilities and will allow us to best serve our customers.”

John Thrailkill will continue in his key leadership role as President of Advanced Illumination. “The transaction is a tremendous opportunity for Advanced Illumination and its employees to grow to the next level leveraging global resources under the Exaktera umbrella. With Exaktera we have found a great home to ensure future success,” added Mr. Thrailkill. “The synergies of products, technical resources, and global sales will significantly enhance the value we can provide our customers and ensure we continue to solve the most demanding machine vision illumination challenges.”

About Advanced Illumination Inc.
Advanced Illumination was established in 1993 and is headquartered in Rochester, Vermont. The company offers its customers complete illumination solution for their unique lighting requirements. With its extensive experience in design and manufacturing LED solutions, Advanced Illumination has developed unique expertise to solve the most difficult lighting challenges for its customers. For more information visit www.advancedillumination.com.

About Exaktera LLC
​Exaktera, a portfolio company of Union Park Capital, is focused on critical components that define the precision performance for OEMs. Exaktera’s premium brands are used across a wide range of applications and end markets to enable continuously increasing demand for machine vision, automation and enable improvements in efficiency, productivity, and safety. More information can be found visiting www.exaktera.com.

About Union Park Capital
Union Park Capital is a private equity firm solely focused on lower middle-market industrial technology companies. Union Park takes a long-term perspective to help stakeholders build value over time and drives value creation through profitably growing a business, not financial engineering. Union Park Capital is based in Boston, MA, and has extensive investments and expertise in the industrial technology sector. For more information visit www.union-park.com.

Georg Lauble
phone ++49 1795215541

COLUMBUS, Ohio--(BUSINESS WIRE)--A breakthrough Battelle technology for converting coal-derived liquids and biomass-derived feedstocks into polyurethane (PU) foam was named a winner in the 2022 R&D 100 Awards in the Processes/Prototyping category.

In addition to the Battelle award, the national laboratories where Battelle plays a management and operations role combined for 23 awards and six special mentions. Known as the “Oscars of Innovation,” the annual awards program from R&D World recognizes excellence in science and technology innovation with an emphasis on commercial-ready products, technologies and services that are expected to have an outsized impact.

The coal-to-polyurethane technology represents the ninth Battelle R&D 100 win for Satya Chauhan, the principal investigator and co-inventor of the technology. It is the third R&D award for Battelle Materials Scientists Dan Garbark and Jeff Cafmeyer, who collaborated with Chauhan to lead the characterization work for the foam (Garbark is also a co-inventor). Battelle Technician Mark Davis was the process scale-up lead for the project. Two patents related to the work were issued this year and a third is pending.

The applications for a more environmentally friendly PU foam are enormous, as they are widely used throughout the building, furniture, aerospace and automotive industries for hundreds of uses ranging from insulation to couch cushions. The annual market for these foams is roughly $80 billion. Currently, the vast majority of PU foams are made from polyols derived from petroleum oil. The new technology combines coal-derived liquids and biomass-derived feedstocks to create the polyols.

“Petroleum sources are limited,” Chauhan said. “This is an opportunity for industry to reduce dependence on oil, especially imported oil, and reduce the carbon footprint for PU foam.”

Coal-derived liquids are considerably cheaper than petroleum, resulting in significant cost savings for industries using PU foam. The resulting foam is more rigid due to the aromatics in coal, which is an additional benefit for many applications. Because the carbon is fixed in a long-lasting product instead of burned, the process does not add carbon to the atmosphere. It is also possible to use liquid coal byproducts from coke ovens (used in steel manufacturing), converting a waste product into a high-value commodity. The current process replaces up to 75 percent of petroleum-based polyols with a combination of coal- and biomass-derived polyols.

About Battelle

Every day, the people of Battelle apply science and technology to solving what matters most. At major technology centers and national laboratories around the world, Battelle conducts research and development, designs and manufactures products, and delivers critical services for government and commercial customers. Headquartered in Columbus, Ohio since its founding in 1929, Battelle serves the national security, health and life sciences, and energy and environmental industries. For more information, visit www.battelle.org.

Katy Delaney
(614) 424-7208
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T.R. Massey
(614) 424-5544
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NEW YORK--(BUSINESS WIRE)--The Board of Directors of Hess Corporation (NYSE: HES) today declared a regular quarterly dividend of 37.5 cents per share payable on the Common Stock of the Corporation on September 30, 2022 to holders of record at the close of business on September 19, 2022.

Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at http://www.hess.com.

For Hess Corporation
Investor Contact:
Jay Wilson
(212) 536-8940

Media Contact:
Lorrie Hecker
(212) 536-8250
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HOUSTON--(BUSINESS WIRE)--MFE Inspection Solutions announced today its appointment as a reseller of Emesent, a world leader in drone autonomy. This partnership will give MFE customers access to the full line of Emesent products including their flagship product Hovermap ST, an autonomy and mapping payload.

Hovermap is widely used in the mining, infrastructure, surveying, and mapping industries to scan complex environments quickly and safely. Equally capable above ground or underground, indoors or out, Hovermap has built a worldwide reputation for its versatility, ease of use, and data quality.

MFE Inspection Solutions’ specialists are excited about what the versatility and accuracy of Hovermap’s technology can mean for their customers. Hovermap can be attached to a supported drone like the DJI 300 RTK and autonomously fly beyond the line of sight and communication range while providing collision avoidance to map inaccessible or GPS-denied areas. Users may detach Hovermap from the drone to perform handheld inspections or mount it on a vehicle. Hovermap may also be mounted on ground-based robots such as the intuitive Boston Dynamics Spot to capture an entire asset.

“We’re excited to bring this level of technology to our customers. The versatility of Hovermap opens new doors, allowing customers to capture a wide range of data assets that will inform everyday decisions making the industry safer and smarter,” says MFE sUAS Project Manager Cody Menchaca.

Its omnidirectional, LiDAR-based, collision avoidance and stable GPS-denied flight allow drone pilots to fly safely up, close to, inside, or underneath assets, to map them, and capture detailed images. This includes bridges, oil and gas rigs, building facades, and telecom towers.

Dedicated to being a comprehensive inspection solutions provider, MFE is thrilled to bring this new technology to its customers across North America. MFE Inspection Solutions specialists partner with their customers to provide them with the ultimate in specialized training, consulting services, equipment sales and rentals, repairs, and calibrations.

With thousands of hours of autonomous flight logged by customers around the world, Hovermap is proven to be a revolutionary LiDAR mapping and autonomy solution for challenging GPS-denied environments.

MFE Inspection Solutions Houston will be showcasing this new technology at their upcoming Techtoberfest event on October 21 at 6025 Fairmont Parkway, Pasadena, TX 77505. Attendees may register at https://bit.ly/MFEtechtober.

For more information about MFE Inspection Solutions and its product offerings, please visit www.mfe-is.com.

MFE Inspection Solutions is a leading NDT, RVI, Environmental, and UAV solutions provider. MFE Specialists partner with their customers to provide comprehensive support from making the initial appropriate equipment choices to implementation and assessment. MFE offers a large inventory of equipment from top manufacturers including Skydio, Flyability, and Boston Dynamics ensuring their customers have access to the most advanced, innovative technology available. MFE’s offerings expand beyond sales and rentals to include equipment calibrations, repairs, and training. MFE offers Advanced UAV Piloting courses, Infrared Thermography Courses, MFL Inspection, and specialized advanced Elios indoor drone inspection training.

Since its foundation in 2009 in Houston, MFE Inspection Solutions has grown to 13 locations across the United States, Canada, Mexico, Egypt, and United Arab Emirates. For more information about MFE Inspection Solutions, please visit www.mfe-is.com.

Sharon Reynolds
Marketing Manager
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DALLAS--(BUSINESS WIRE)--Leeward Renewable Energy Operations, LLC (“LREO”) today announced that it has posted to its secure investor relations site instructions for accessing its quarterly investor conference call, which will be held on September 9th, 2022, at 10:00 a.m. CST. Investors who hold LREO’s 4.250% Senior Notes due in 2029, prospective investors, broker-dealers, and securities analysts are invited to join the investor call.

A recording of the investor call will be posted to LREO’s secure investor site within 24 hours of the call. Please join the event five minutes prior to scheduled start time.

For information on how to access the site, visit https://www.leewardenergy.com/request-access/ or contact Investor Relations at This email address is being protected from spambots. You need JavaScript enabled to view it..

About Leeward Renewable Energy Operations, LLC

Leeward Renewable Energy (LRE) is a leading renewable energy company that owns and operates a portfolio of 24 renewable energy facilities across nine states totaling approximately 2,500 megawatts of generating capacity. LRE is actively developing and contracting new wind, solar, and energy storage projects in energy markets across the U.S., with 1.9 gigawatts contracted and 20 gigawatts under development and construction spanning over 100 projects. LRE is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada’s largest defined benefit pension plans with C$121 billion in net assets (as at December 31, 2021). For more information, visit www.leewardenergy.com.

For more information:
Kelly Kimberly
FGS Global
713.822.7538
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AKRON, Ohio--(BUSINESS WIRE)--$BW #renewableenergy--Babcock & Wilcox Enterprises, Inc. (NYSE:BW) (B&W) has been invited to present at the Lake Street Capital Markets 6^th Annual Best Ideas Growth (BIG6) Conference, which is being held at The Yale Club in New York on Wednesday, September 14, 2022.

Kenneth Young, B&W’s Chairman and Chief Executive Officer, and Louis Salamone, B&W’s Chief Financial Officer, are scheduled to hold one-on-one meetings throughout the conference. To receive additional information, request an invitation or to schedule a one-on-one meeting, please contact your Lake Street representative or visit the conference web site.

About Babcock & Wilcox

Headquartered in Akron, Ohio, B&W is a global leader in energy and environmental technologies and services for the power and industrial markets. Follow B&W on LinkedIn and learn more at babcock.com.

Investor Contact:
B&W Investor Relations
704.625.4944
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Media Contact:
Ryan Cornell
B&W Public Relations
330.860.1345
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Alliance establishes a “one-stop-shop” for nuclear power asset development, management, financing, investment, and execution

LONDON--(BUSINESS WIRE)--NuScale Power Corporation (NuScale) and Habboush Group (HG) have entered into an agreement forming a strategic alliance that establishes a “one-stop-shop” for the financing, investment, development, execution, and management of NuScale-powered projects and opportunities.

This new globally-oriented, strategic alliance between NuScale and HG – along with energy transition platform ENTRA1 – aims to provide integrated capabilities for financing, investment, development, management and execution of large-scale assets and projects in connection with the rapidly growing global demand for NuScale’s premier clean energy solutions.

“We are delighted to work with the Habboush Group and ENTRA1 as we continue to make progress toward delivering clean, reliable, and safe energy solutions to customers around the world,” said NuScale President and Chief Executive Officer John Hopkins. “Our technology is critical to supporting the clean energy transition and we hope that this strategic partnership will increase access to our trailblazing SMR technology and the carbon-free electrical power that the world needs.”

“As the world’s energy demand grows with a need for sustainable and reliable baseload production, NuScale’s technology can play a significant and multifaceted role in the global energy transition,” said W Habboush, CEO for HG. “We are looking forward to working with partners, stakeholders and financial institutions who share our interest and responsibility towards the future of the world’s energy transition and serving humankind.”

NuScale’s proprietary and innovative carbon-free baseload and load-following power solution, the NuScale Power Module™, is the only viable, near-term deployable U.S. advanced nuclear small modular reactor (SMR) technology. NuScale’s SMR technology is safe, reliable and scalable and the first and only to receive Standard Design Approval from the U.S. Nuclear Regulatory Commission.

About NuScale Power

NuScale Power (NYSE: SMR) is poised to meet the diverse energy needs of customers across the world. It has developed small modular reactor (SMR) nuclear technology to supply energy for electrical generation, district heating, desalination, commercial-scale hydrogen production, and other process heat applications. The groundbreaking NuScale Power Module™ (NPM), a small, safe pressurized water reactor, can generate 77 megawatts of electricity (MWe) and can be scaled to meet customer needs. NuScale’s 12-module VOYGR™-12 power plant is capable of generating 924 MWe, and NuScale also offers four-module VOYGR-4 (308 MWe) and six-module VOYGR-6 (462 MWe) power plants, as well as other configurations based on customer needs.

Founded in 2007, NuScale is headquartered in Portland, Ore., and has offices in Corvallis, Ore.; Rockville, Md.; Charlotte, N.C.; Richland, Wash.; and London, UK. To learn more, visit NuScale Power's website or follow us on Twitter, Facebook, LinkedIn and Instagram.

About ENTRA1

ENTRA1 is a private investment platform purpose-built to create value by addressing global transformations. ENTRA1 believes in supporting investments and developments that bring positive impacts to communities around the world with a focus on global energy, infrastructure and related technology sectors. As different parts of the world adopt new ways related to energy transition and sustainable infrastructure, ENTRA1 believes in contributing skillsets in origination, development, structuring, management and execution of proprietary large-scale global opportunities across the capital structure. (www.entra1.com)

About Habboush Group

HG is an international private asset management firm focused on developing, managing, operating and financing proprietary opportunities predominantly in energy and infrastructure sectors drawing on more than 40 years of experience and capabilities in executing projects. HG, along with its professional team, brings a history of strategically partnering and working with publicly-traded organizations and financial institutions. (www.habboushgroup.com)

Forward Looking Statements

This release may contain “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 facts. These forward-looking statements are inherently subject to risks, uncertainties and assumptions. Actual results may differ materially as a result of a number of factors. Caution must be exercised in relying on these and other forward-looking statements. Due to known and unknown risks, NuScale’s results may differ materially from its expectations and projections. While NuScale may elect to update these forward-looking statements at some point in the future NuScale specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing NuScale’s assessments of any date subsequent to the date of this release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

Diane Hughes, Vice President, Marketing & Communications, NuScale Power
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(C) (503) 270-9329