NEW YORK & BANGALORE, India--(BUSINESS WIRE)--$WIPRO #AWS--Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, announced that it has achieved Amazon Web Services (AWS) Energy Competency status. This designation recognizes that Wipro has demonstrated deep expertise helping customers leverage AWS technology to transform complex systems and accelerate the transition to a sustainable energy future.
Achieving the AWS Energy Competency differentiates Wipro as an AWS Partner Network (APN) member with deep expertise and technical proficiency within this unique industry, including proven customer success developing solutions across the value chain, from production operations and optimization, to commodities trading, new energy solutions, and more. To receive the designation, APN members undergo a rigorous technical validation process, including a customer reference audit. The AWS Energy Competency provides energy customers the ability to more easily select skilled partners to help accelerate their digital transformation with confidence. Read more about the AWS competencies achieved by Wipro and its partnership with AWS here.
“Wipro is proud to achieve the AWS Energy Competency,” said Sidharth Mishra, Vice President and Global Lead for Energy Domain and Consulting Services, Wipro Limited. “Our team is dedicated to helping companies achieve their technology goals by leveraging the agility, breadth of services, and pace of innovation that AWS provides.”
AWS is enabling scalable, flexible, and cost-effective solutions from startups to global enterprises. To support the seamless integration and deployment of these solutions, AWS established the AWS Competency Program to help customers identify AWS Partners with deep industry experience and expertise.
AWS and Wipro’s energy domain and consulting practice have framed a Refinery Monitoring & Surveillance (RMS) solution. Wipro, as a global system integrator deployment partner, will help energy companies centralize real-time data management systems in the cloud as an initial offering. Wipro will also integrate AWS’s RMS solution to help companies address key challenges in refining operations.
About Wipro Limited
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading technology services and consulting company focused on building innovative solutions that address clients’ most complex digital transformation needs. Leveraging our holistic portfolio of capabilities in consulting, design, engineering, and operations, we help clients realize their boldest ambitions and build future-ready, sustainable businesses. With over 250,000 employees and business partners across 66 countries, we deliver on the promise of helping our customers, colleagues, and communities thrive in an ever-changing world. For additional information, visit us at www.wipro.com.
Forward-Looking Statements
The forward-looking statements contained herein represent Wipro’s beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipro’s control. Such statements include, but are not limited to, statements regarding Wipro’s growth prospects, its future financial operating results, and its plans, expectations and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, complete proposed corporate actions, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our business and industry.
Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.
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Wipro Limited
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DUBLIN--(BUSINESS WIRE)--The "Marine Seats Market by Component, Ship Type (Military, Commercial), Seat Type (Captain Seats, Passenger Seats, Crew Seats, General Seats), End User (OEM, Aftermarket) and Region (North America, Europe, APAC and Rest of the World) - Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The marine seats market is estimated to be USD 1.6 billion in 2022 and is projected to reach USD 1.9 billion by 2027, at a CAGR of 4.9% from 2022 to 2027. The growth of this market can be attributed to the rise in increasing global seaborne trade, and advanced upholstery and seat materials, among others.
The simplified 3-D human body-seat interaction model.
High-speed boats often experience high shocks and require great suspension ability to maintain posture of its passengers. Using a 3D human body-boat seat interaction, naval architects are trying to analyze ideal isolation techniques that can reduce the shock impact. This can be done using analytics to examine the collected data that would be extracted from the spring coefficient associated with the suspension system. Such experiences and examinations can improve the R&D process and provide better ideas in the future.
Marine Seats for Military Applications.
Technological implementation in seats has enabled the development of varied marine seats to support different kinds of disaster-relief and combat missions. These marine seats are presently used in the navy in most cases. Advanced seats provide high suspension, long durability, and varied adjustment features in their upholstery and base, which provides comfort and suspension to users. These seats are used in powerboats, military boats, and coastguard boats. The Maritime Safety and Rescue Society of Spain had advanced marine seats installed to provide more ease of functioning to users.
Commercial Ships: The largest segment of the marine seats market, by Ship Type.
Commercial ships are used to carry commercial cargo or passengers. An increase in the number of passengers resorting to marine transportation and a rise in demand for recreational boats is projected to lead to the growth of the commercial segment of the marine seats market across the globe.
Seat Cushions: The largest segment of the marine seats market, by Component.
The seat covers and cushions used for the covering of the seat structure and comfortable seating are included in the seat cushions segment. The seat cushions provide comfort for passengers and enhance the ergonomics of the ship. Marine upholstery is majorly synthetic marine-grade vinyl; as per customer preference, leather upholstery could be used. The seat cushions segment is estimated to be USD 472 million in 2022 and is projected to grow at a CAGR of 4.9% during the forecast period
Germany: The largest contributing country in the European marine seats market.
The maritime industry is one of the largest industries in Germany and accounts for a substantial share of the country's GDP. Germany is an export-oriented economy and depends on maritime transportation to export goods. According to UNCTAD, more than 2,395 seagoing vessels are owned by Germany. The maritime industry in Germany develops and manufactures a wide range of complex seagoing vessels such as passenger ships, yachts, and vessels used by public authorities. This industry also comprises medium-sized companies that export their products worldwide. The growth of the maritime industry in Germany has led to the increased development of naval vessels, which, in turn, is anticipated to drive the growth of the marine seats market in this country.
Premium Insights
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Marine Seats Market, by Ship Type
8 Marine Seats Market, by Seat Type
9 Marine Seats Market, by Component
10 Marine Seats Market, by End-user
11 Marine Seats Market, by Region
12 Competitive Landscape
13 Company Profiles
14 Appendix
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/rclvey
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Formerly known as Summit Expedited Logistics, the team of full truckload and less-than-truckload experts connects control tower model to AIT’s global network
ITASCA, Ill.--(BUSINESS WIRE)--#LTL--Global freight forwarder AIT Worldwide Logistics is changing the name of its independent subsidiary, Summit Expedited Logistics, to AIT Truckload Solutions, effective immediately.
According to AIT’s Executive Vice President, Truckload Brokerage, Perishables and Healthcare, Mike Rothacher, rebranding will better align the team known for its high-quality full truckload and less-than-truckload solutions with its parent company.
“Along with the name change to AIT Truckload Solutions, we are also expanding our control tower model to better serve the global AIT network,” Rothacher said. “This expansion will enable the team to spend more time engaging with customers as we strive to provide a truly seamless world-class logistics experience.”
Vice President, AIT Truckload Solutions, Joe Kontuly added, “We still have the same highly experienced teammates delivering the best full truckload and less-than-truckload solutions with 24/7 customer service, online tracking tools, and more. And with the strength of more than 100 AIT locations in Asia, Europe and North America, our Truckload Solutions group integrates seamlessly with AIT’s air, ocean, customs clearance and special services teams to provide end-to-end supply chain solutions anywhere in the world – all from a single source.”
For more information about AIT Truckload Solutions, visit www.aitworldwide.com/truckload-solutions.
About AIT Worldwide Logistics
AIT Worldwide Logistics is a global freight forwarder that helps companies grow by expanding access to markets all over the world where they can sell and/or procure their raw materials, components and finished goods. For more than 40 years, the Chicago-based supply chain solutions leader has relied on a consultative approach to build a global network and trusted partnerships in nearly every industry, including aerospace, automotive, consumer retail, food, government, healthcare, high-tech, industrial and life sciences. Backed by scalable, user-friendly technology, AIT’s flexible business model customizes door-to-door deliveries via sea, air, ground and rail — on time and on budget. With expert teammates staffing more than 100 worldwide locations in Asia, Europe and North America, AIT’s full-service options also include customs clearance, warehouse management and white glove services. Learn more at www.aitworldwide.com.
Our Mission
At AIT, we vigorously seek opportunities to earn our customers’ trust by delivering exceptional worldwide logistics solutions while passionately valuing our co-workers, partners and communities.
Matt Sanders
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800-669-4AIT (4248)
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New Program Rewards Customers for Temporarily Reducing Electricity Usage During State-called Flex Alerts
OAKLAND, Calif.--(BUSINESS WIRE)--New this summer, Pacific Gas and Electric Company (PG&E) customers can be rewarded for saving energy when the state’s grid operator calls a Flex Alert. A Flex Alert is a call for consumers to voluntarily conserve electricity when there is a predicted shortage of energy supply, especially if the grid operator needs to dip into reserves to cover demand.
PG&E’s Power Saver Rewards Program is a free, voluntary program financially rewarding participants for temporarily reducing electricity use when demand is high. By conserving energy during Power Saver Rewards events coinciding with Flex Alerts customers earn $2 for each kilowatt-hour (kWh) of energy saved. More than 1.5 million PG&E customers are enrolled.
The California Independent System Operator (CAISO) issued a Flex Alert to be in effect today, Thursday, September 1 from 4 p.m. to 9 p.m., due to continuing extreme temperatures pushing up energy demand including increased air conditioning use and tightening available power supplies. When consumers reduce electricity use at critical times, it can prevent more dire emergency measures, including possible rotating power outages to stabilize the grid.
Enrolled customers who reduce energy use between 4 p.m. and 9 p.m. will receive a credit on their bill at the end of the summer. There is no cost or penalty for not reducing energy. Visit powersaver.pge.com to easily enroll and learn more about the program.
Here are easy ways for customers to temporarily reduce power use and be rewarded:
Today, before 4 p.m.
Today, during the Flex Alert from 4 p.m. to 9 p.m.
Customers can also help reduce the amount of power on the grid during a Flex Alert by enrolling in PG&E’s SmartAC program which cycles the air conditioner on and off every 15 minutes for up to six hours on event days. This year, new participants will receive $75 for existing thermostats or $120 off a new purchase of a thermostat with enrollment. Customers can not be enrolled in both the SmartAC and Power Saver Rewards Programs.
Eligible customers with a Tesla Powerwall battery energy storage system can participate in the PG&E + Tesla virtual power plant. Through this collaboration, Tesla is participating in PG&E’s Emergency Load Reduction Program (ELRP) Demand Response pilot by enrolling and combining residential Powerwall home battery systems into a virtual power plant to discharge power back to the grid during times of high demand. Participating customers will receive compensation for the energy their Powerwalls discharge.
PG&E also urges customers to stay safe during extreme heat. The company funds cooling centers throughout its service area to help customers escape the heat and cool off. To find a center near you click here or call 1-877-474-3266. The Governor’s Office of Emergency Services also has a list of cooling centers throughout the state available here.
PG&E does not project a need for a Public Safety Power Shutoff due to this weather, but the company’s meteorology team continues to monitor conditions.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
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AUSTIN, Texas & LOUISVILLE, Ky.--(BUSINESS WIRE)--#DERs--CLEAResult, the largest provider of energy efficiency, energy transition, and decarbonization solutions in North America, and Virtual Peaker, a cloud-based SaaS company with the friendliest distributed energy platform on the planet, announced a new partnership today to supercharge customer engagement for demand-side management programs.
The two companies are offering an end-to-end, distributed energy resource (DER) management solution that meets the rapid increase in demand and changing operational needs utilities are preparing for, especially in light of the Inflation Reduction Act. CLEAResult’s proven experience with customer outreach and engagement for energy efficiency and decarbonization programs complements Virtual Peaker’s SaaS platform, which includes demand forecasting, customer engagement, and distributed energy resource management system (DERMS) solutions.
“Together, our teams will deliver the best of both worlds–easier program participation for customers and simpler management for utilities,” said Divakar Jandhyala, CLEAResult’s Chief Product & Technology Officer. “We’re proactively removing participation barriers to improve the experience for everyone.”
The partnership integrates the CLEAResult ATLAS™ platform with Virtual Peaker’s distributed energy platform, connecting customers’ smart devices with advanced demand management tools that give utilities a simple and easy-to-manage overview of customers’ energy habits.
"We’re excited to partner with CLEAResult and look forward to working together to rapidly scale demand side management," said Kirsten Millar, Director of Policy and Partnerships. "Today's partnership announcement advances our mission to accelerate the adoption of DERs. By working with industry leaders like CLEAResult and bringing our technology platforms together, we will provide quantifiable cost savings and efficiencies to our utility clients.”
The CLEAResult-Virtual Peaker partnership brings utilities powerful solutions to address growing energy efficiency and demand challenges like engaging with hard-to-reach communities, individual device management, program optimization and more. Contact CLEAResult’s Energy Transition experts to see how your program can start planning improvements today.
About CLEAResult
CLEAResult is the largest provider of energy efficiency, energy transition, and decarbonization solutions in North America. Since 2003, our mission has been to change the way people use energy. Today, our experts lead the transition to a sustainable, equitable, and carbon-neutral future for our communities and our planet. Our hometown teams collaborate with a diverse network of local partners to deliver world-class technology and personalized services that make it easy for commercial and industrial businesses, governments, utilities and residential customers to reduce their energy use and carbon footprint. CLEAResult is headquartered in Austin, Texas, and has over 2,400 employees in more than 60 cities across the U.S. and Canada. CLEAResult is majority owned by TPG through its middle market and growth equity investment platform TPG Growth and its multi-sector global impact investing strategy The Rise Fund.
Explore all our energy solutions at clearesult.com.
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About Virtual Peaker
Virtual Peaker is a cloud-based distributed energy company that empowers modern utilities to build the grid of the future and meet global decarbonization goals. The SaaS company’s platform suites unify all aspects of DER management, from DERMS to customer engagement and load forecasting. Virtual Peaker is a remote-first company that currently employs more than 45 people in various locations across the United States. Thanks to a recent $16.6 million venture funding round led by global technology and sustainability investors, Virtual Peaker is expanding its support for forward-thinking utilities and partnerships that can lead the transformation to a more sustainable electric grid. For more information, visit www.virtual-peaker.com and follow the company on LinkedIn and Twitter (@VirtualPeaker).
CLEAResult
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Virtual Peaker
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The virtual sustainable refrigeration summit runs October 24 - 28
MILL VALLEY, Calif.--(BUSINESS WIRE)--#grocery--The North American Sustainable Refrigeration Council (NASRC), a 501(c)(3) environmental nonprofit working to advance climate-friendly natural refrigerants in supermarkets, has announced that registration is now open for their Sustainable Refrigeration Summit. The free virtual event takes place October 24 – 28 and will highlight solutions to climate-damaging refrigerants.
“We have a huge opportunity to solve one of the biggest environmental problems facing supermarkets,” said Danielle Wright, NASRC executive director. “To do this, we need all stakeholders at the table, ready to drive solutions.”
The summit sessions will feature the latest regulatory and industry trends, natural technologies, and the benefits and challenges of moving towards sustainable solutions. Attendees will hear directly from the supermarkets, industry experts, and policymakers shaping the future of sustainable refrigeration.
Hydrofluorocarbon refrigerants (HFCs) are super-polluting greenhouse gases (GHGs) commonly used in supermarket refrigeration. HFCs are the world’s fastest-growing GHGs and one of the most potent drivers of climate change. Under the American Innovation and Manufacturing (AIM) Act, federal regulations will phase down HFC refrigerant emissions by 85% by 2036, with several states also developing HFC regulations.
As a result, supermarkets face tremendous pressure to transition from high global warming HFCs to climate-friendly alternatives. Natural refrigerants, including ammonia, CO2, and propane, have zero or near-zero global warming potential and are considered future-proof from a regulatory standpoint. Still, a unique set of market barriers have prevented widespread adoption in U.S. supermarkets.
“This is one of the rare climate issues where the technology solution exists today,” said Wright. “To overcome the challenges and make meaningful progress, we need all hands on deck, and that’s what this summit is designed to do.”
The summit is free to attend thanks to the generous sponsorship of BITZER US, Emerson, and other summit sponsors. Learn more and register here.
About North American Sustainable Refrigeration Council
The North American Sustainable Refrigeration Council (NASRC) is a 501(c)(3) environmental nonprofit working to advance climate-friendly natural refrigerants and reduce greenhouse gas emissions caused by traditional hydrofluorocarbon (HFC) refrigerants. We collaborate with stakeholders from across the industry, including over 38,000 food retail locations, to eliminate the barriers to natural refrigerants in supermarkets. For more information, visit nasrc.org, Facebook, Twitter and Linkedin.
Danielle Wright
North American Sustainable Refrigeration Council
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503-869-4191
Noble hired to lead a rapidly expanding sales team as Tigo continues investment to drive growth in the region.
CAMPBELL, Calif.--(BUSINESS WIRE)--Tigo Energy, Inc., the solar industry’s leading Flex MLPE (Module Level Power Electronics) supplier, today announced that Derek Noble has joined Tigo as the Company’s new Senior Vice President of North America Sales. Mr. Noble will lead the North American sales and business development teams, fortify the go-to-market strategy across the residential, commercial, and industrial segments, and support the full lineup of Tigo products, from optimization to residential solar-plus-storage. In his new role, Mr. Noble will be directly responsible for sales growth and continued improvement of the Tigo customer experience in North America.
“Derek is exactly the type of leader Tigo needs to take us through our current growth stage with our North American customer base, and I am delighted to welcome him to the team,” said Zvi Alon, chairman and CEO at Tigo Energy. “Derek will build on the strength of our portfolio of MLPE products for the commercial and industrial solar markets and use his vast experience and relationships in the residential market to provide our installers with the residential solar-plus-storage solutions and services they need.”
Mr. Noble is an experienced sales leader with thirteen years of escalating revenue and profits for industry-leading renewable energy companies. Mr. Noble began his career with Stanley Black and Decker and spent the first ten years of his career at construction supply companies before moving to the solar industry. Most recently, Mr. Noble served as Senior Vice President of Channel Sales at Sunrun, the country’s largest solar company, where he and his team significantly increased the channel partner base. Before Sunrun, Mr. Noble served as Senior National Sales Director at the SunPower Corporation overseeing the US-based commercial dealer channel.
“The North American solar markets are in a period of incredible growth, and Tigo is uniquely positioned to serve the entire ecosystem of distributors, system owners, EPCs, and installers,” said Mr. Noble. “Whether it's Tigo’s open-system MLPE solution or a single all-in-one residential solar-plus-storage solution, this company has a tremendous offering in the solar industry. I look forward to working with my new business development team, the Tigo management team, the customers I have known for years, and the many new customers now coming on board.”
To inquire about the Tigo EI Residential Solution or Tigo TS4 Flex MLPE, contact the Tigo sales team here: https://www.tigoenergy.com/contacts. To keep up with the latest news and events at Tigo, sign up for the Tigo newsletter here: https://www.tigoenergy.com/newsletter.
About Tigo Energy
Tigo Energy, the worldwide leader in Flex MLPE (Module Level Power Electronics), designs innovative solar power conversion and storage products that provide customers more choice and flexibility. The Tigo TS4 platform increases solar production, decreases operating costs, and enhances safety. When combined with the Tigo Energy Intelligence (EI) platform, it delivers module, system, and fleet-level insights to maximize solar performance and minimize operating costs. The Tigo EI Residential Solar Solution, a flexible solar-plus-storage solution for home installations, rounds out the Company’s portfolio of solar energy technology. Tigo was founded in Silicon Valley in 2007 to accelerate the adoption of solar energy, and its global team supports customers whose systems reliably produce gigawatt hours of safe solar energy on seven continents. Find us online at www.tigoenergy.com.
Mike Gazzano
North America Marketing Manager at Tigo Energy
(408) 806-9626 Ext. 9783
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Innovative lithium-metal battery technology points to a leap in performance and reliability, with fast charging over 10,000 cycles
WALTHAM, Mass.--(BUSINESS WIRE)--Adden Energy, Inc., a startup developing innovative solid-state battery systems for use in future electric vehicles (EVs) that would fully charge in minutes, announced the grant of an exclusive technology license by Harvard University’s Office of Technology Development (OTD) and a seed round financing of $5.15M. Primavera Capital Group led Adden Energy’s seed round, with participation by Rhapsody Venture Partners and MassVentures.
The license and the venture funding will enable the startup to scale Harvard’s laboratory prototype toward commercial deployment of a solid-state lithium-metal battery that may provide reliable and fast charging for future EVs to help bring them into the mass market.
Developed by researchers in the lab of Xin Li, PhD, Associate Professor of Materials Science at Harvard John A. Paulson School of Engineering and Applied Sciences (SEAS), the lab-scale coin-cell prototype has achieved battery charge rates as fast as three minutes with over 10,000 cycles in a lifetime, with results published in Nature and other journals. It also boasts high energy density and a level of material stability that overcomes the safety challenges posed by some other lithium batteries.
Adden Energy was co-founded in 2021 by Li, along with William Fitzhugh, PhD, and Luhan Ye, PhD, both of whom contributed to the development of the technology as graduate students in Li’s Harvard lab. Fred Hu, PhD, founder and Chairman of Primavera Capital, is also a founder of Adden Energy.
The startup aims to scale the battery up to a palm-sized pouch cell, and then upward toward a full-scale vehicle battery in the next three to five years. “If you want to electrify vehicles, a solid-state battery is the way to go,” said Li, who is a scientific advisor to Adden Energy. “We set out to commercialize this technology because we do see our technology as unique compared to other solid-state batteries. We have achieved in the lab 5,000 to 10,000 charge cycles in a battery’s lifetime, compared with 2,000 to 3,000 charging cycles for even the best in class now, and we don’t see any fundamental limit to scaling up our battery technology. That could be a game changer.”
Fitzhugh, CEO of Adden Energy, noted that in 2019, 29% of U.S. carbon dioxide emissions were produced by transportation. “Complete electrification of the vehicle fleet is one of the most meaningful steps we can take to fight climate change,” he said. “However, broad adoption of electric vehicles requires batteries that can meet a diverse set of consumer needs. For example, 37% of Americans don’t have garages at home, so at-home overnight charging is not possible. In order to electrify this segment, EVs need to recharge at comparable times to internal combustion vehicles, essentially in the time you’d currently spend at the gas pump.”
The technology developed at Harvard, which includes core innovations in solid-state battery design and electrolyte production methods, may offer other crucial advantages.
“Typically, lithium-metal anodes in other solid-state designs develop dendrites, twig-like growths that can gradually penetrate through the electrolyte to the cathode. We defeat the growth of dendrites before they can cause damage, by novel structural and material designs,” said Ye, who is now CTO of Adden Energy. “As a result, the device can sustain its high performance over a long lifetime. Our recent study shows that this nice feature can also be maintained at scale-up.”
“Climate change is the defining challenge facing the world. It is more important than ever to accelerate the transition to clean energy and zero-emission transportation,” said Hu, who also serves on the Global Board of the Nature Conservancy. “Adden Energy’s mission is to develop cutting-edge battery technologies, thereby enabling mass adoption of electric vehicles and contributing to a greener and more sustainable global economy.”
“Electric vehicles cannot remain a luxury fashion, literally the ‘one percent’ of vehicles on the road, if we are to make progress toward a clean energy future, and the U.S. won’t have a used-car market if EV batteries last only 3 to 5 years,” added Li. “The technology needs to be accessible to everyone. Extending the lifetime of the batteries, as we’re doing here, is an important part of that.”
About Li Laboratory
The solid state battery research advances in Professor Li’s Harvard lab that have been licensed to Adden Energy were enabled in part by funding from the University’s Climate Change Solutions Fund, which supports research and policy initiatives addressing climate change, the transition to clean energy, and related health impacts; and from Harvard OTD’s Physical Sciences and Engineering Accelerator, which advances researchers’ most commercially promising innovations toward the launch of new startups and industry engagements. Li’s lab has also received funding in support of solid-state battery research from the Massachusetts Clean Energy Center (MassCEC) Catalyst Program, the Harvard Data Science Initiative, the Harvard FAS Dean’s Competitive Fund for Promising Scholarship, and the U.S. Department of Energy.
About Adden Energy
Adden Energy, founded by a team of scientists from Harvard University, is developing and scaling up a brand-new type of solid-state battery. With demonstrated charge times as low as 3 minutes and capacity retention for over 10,000 cycles in a lab-scale cell, Adden Energy’s cutting-edge battery technologies will enable mass adoption of EVs around the world and contribute greatly to a cleaner future.
William Fitzhugh
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‘Tennessee Lithium’ expected to be the largest lithium hydroxide plant in the United States
BELMONT, N.C.--(BUSINESS WIRE)--$PLL #Lithium--Piedmont Lithium (“Piedmont”) (Nasdaq: PLL; ASX: PLL), a leading global developer of lithium resources critical to the U.S. electric vehicle (“EV”) supply chain, today announced the selection of Etowah, Tennessee in McMinn County as the location of the Company’s planned 30,000 metric ton per year (“tpy”) LHP2 lithium hydroxide operation (“Tennessee Lithium” or “Project”). With a planned completion and start of production in 2025, the Company believes Tennessee Lithium will be the largest lithium hydroxide processing facility constructed in the United States. The Project is expected to convert spodumene concentrate sourced principally from Piedmont’s international project investments to significantly expand the U.S. supply of lithium hydroxide, a key component in the manufacturing of EV batteries.
“Companies like Piedmont Lithium choose to call Tennessee home because of our unmatched workforce and strong business climate,” said Tennessee Governor Bill Lee. “I thank this company for its investment in McMinn County and commitment to create nearly 120 manufacturing jobs for Tennesseans.”
“We are excited to announce the site of our newest project and partnership with the City of Etowah in McMinn County, and the State of Tennessee, as we advance our strategic goal of becoming a leading lithium supplier in the United States,” said Keith Phillips, President and Chief Executive Officer of Piedmont Lithium. “We are humbled by the warm welcome we have received from our new partners, and we look forward to making Piedmont an integral part of the Etowah and McMinn County communities as we develop Tennessee Lithium together for our mutual success.”
Piedmont’s Tennessee Lithium facility should be among the first lithium hydroxide plants built with the innovative Metso:Outotec process. This process eliminates the acid-leaching of spodumene and the production sodium sulfate waste, which will make Tennessee Lithium one of the world’s most sustainable lithium hydroxide operations.
Tennessee Lithium’s production target of 30,000 tpy of lithium hydroxide will complement the Company’s planned Carolina Lithium operation to bring our estimated total U.S.-based production capacity of 60,000 tpy by 2026. Current total U.S. production of lithium hydroxide is just 15,000 tpy.
“The rapid electrification of the automotive market has led to massive investments in electric vehicle and lithium-ion battery production in the United States, creating a critical need for lithium hydroxide produced in the U.S.,” said Phillips. “Our Tennessee Lithium operation should play an important role in helping to mitigate supply shortages in the American EV industry and battery supply chain, particularly in the wake of recent legislation incentivizing the use of domestically sourced critical materials and providing tax credits for U.S. producers.”
The Project’s location in Tennessee was selected for its cooperative government relations, access to excellent infrastructure including rail, road and river transportation, a talented workforce, a constructive business climate, as well as its proximity to the battery and automotive plants being constructed by prospective customers, and the Company’s headquarters and Carolina Lithium project, both in Gaston County, North Carolina.
Front-End Engineering Design (“FEED”) for Tennessee Lithium will be performed by Kiewit and Primero. Kiewit Corporation, ranked 3rd in Engineering News Record’s 2022 Top 400 Contractors, is a U.S. based construction company and a leading Engineer, Procure, and Construct (“EPC”) firm. Primero Group is a specialized design-build firm with strong lithium industry know-how that has supported Piedmont’s development since early 2018. FEED will conclude in H1 2023 and position Piedmont to sign an EPC contract for the construction of Tennessee Lithium upon completion of permitting and project financing activities. As part of FEED, Kiewit and Primero are expected to complete a DFS for Tennessee Lithium by the end of 2022.
“Site selection and FEED award are important 2022 milestones toward potential first production from Tennessee Lithium in 2025,” said Piedmont Lithium EVP and Chief Operating Officer Patrick Brindle. “We’re pleased to align ourselves with top-tier contractors Kiewit and Primero and, having announced our site selection, we will proceed to develop the relevant permit applications for the Project. Tennessee Lithium is expected to share many attributes with our planned Carolina Lithium operations, including the use of the core Metso:Outotec technology package. In conjunction with FEED, the Kiewit and Primero teams should leverage the work we’ve accomplished over the past several years to deliver a definitive feasibility study of Tennessee Lithium by the end of this year. We hope to break ground here in Etowah on the earliest practically achievable timeline.”
Based on prior studies, Piedmont plans to invest approximately $600 million in the development of the operation. The Tennessee Lithium Project is expected to drive significant economic activity and create approximately 120 new, direct jobs.
The timeline for the progression of the Company’s global portfolio of four projects and estimated start of production date for each facility is as follows:
Development of each of the Company’s planned projects is dependent upon receipt of permits necessary for construction and operations as well as project financing.
About Piedmont Lithium
Piedmont Lithium (Nasdaq: PLL; ASX: PLL) is developing a world-class, multi-asset, integrated lithium business focused on enabling the transition to a net zero world and the creation of a clean energy economy in North America. Our goal is to become one of the largest lithium hydroxide producers in North America by processing spodumene concentrate produced from assets where we hold an economic interest. Our projects include our wholly-owned Carolina Lithium and LHP-2 Projects in the United States and partnerships in Quebec with Sayona Mining (ASX:SYA) and in Ghana with Atlantic Lithium (AIM:ALL). These geographically diversified operations will enable us to play a pivotal role in supporting America’s move toward decarbonization and the electrification of transportation and energy storage. For more information, visit www.piedmontlithium.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of or as described in securities legislation in the United States and Australia, including statements regarding exploration, development, and construction activities of Sayona Mining and Piedmont; current plans for Piedmont’s mineral and chemical processing projects; strategy; and strategy. Such forward-looking statements involve substantial and known and unknown risks, uncertainties, and other risk factors, many of which are beyond our control, and which may cause actual timing of events, results, performance or achievements and other factors to be materially different from the future timing of events, results, performance, or achievements expressed or implied by the forward-looking statements. Such risk factors include, among others: (i) that Piedmont or Sayona Mining will be unable to commercially extract mineral deposits, (ii) that Piedmont’s or Sayona Mining’s properties may not contain expected reserves, (iii) risks and hazards inherent in the mining business (including risks inherent in exploring, developing, constructing and operating mining projects, environmental hazards, industrial accidents, weather or geologically related conditions), (iv) uncertainty about Piedmont’s ability to obtain required capital to execute its business plan, (v) Piedmont’s ability to hire and retain required personnel, (vi) changes in the market prices of lithium and lithium products, (vii) changes in technology or the development of substitute products, (viii) the uncertainties inherent in exploratory, developmental and production activities, including risks relating to permitting, zoning and regulatory delays related to our projects as well as the projects of our partners in Quebec and Ghana, (ix) uncertainties inherent in the estimation of lithium resources, (x) risks related to competition, (xi) risks related to the information, data and projections related to Sayona Quebec and Sayona Mining, (xii) occurrences and outcomes of claims, litigation and regulatory actions, investigations and proceedings, (xiii) risks regarding our ability to achieve profitability, enter into and deliver product under supply agreements on favorable terms, our ability to obtain sufficient financing to develop and construct our projects, our ability to comply with governmental regulations and our ability to obtain necessary permits, and (xiv) other uncertainties and risk factors set out in filings made from time to time with the U.S. Securities and Exchange Commission (“SEC”) and the Australian Securities Exchange, including Piedmont’s most recent filings with the SEC. The forward-looking statements, projections and estimates are given only as of the date of this presentation and actual events, results, performance, and achievements could vary significantly from the forward-looking statements, projections and estimates presented in this presentation. Readers are cautioned not to put undue reliance on forward-looking statements. Piedmont disclaims any intent or obligation to update publicly such forward-looking statements, projections, and estimates, whether as a result of new information, future events or otherwise. Additionally, Piedmont, except as required by applicable law, undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of Piedmont, its financial or operating results or its securities.
Erin Sanders
VP, Corporate Communications
T: +1 704 575 2549
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Media Inquiries
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TORONTO--(BUSINESS WIRE)--Li-Cycle Holdings Corp. (“Li-Cycle”or the “Company”) (NYSE: LICY), today announced that it plans to release its third quarter 2022 financial results (for the period ended July 31, 2022) prior to market open on Wednesday, September 14, 2022. Management will review the results during a conference call and audio-only webcast at 8:30 a.m. (Eastern Time) on the same day.
Investors may listen to the conference call live via audio-only webcast or through the following dial-in numbers:
Domestic: |
1 (800) 579-2543 |
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International: |
1 (203) 518-9783 |
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Participant Code: |
LICYQ322 |
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Webcast: |
A replay of the conference call/webcast will also be made available on the Investor Relations section of the Company’s website at https://investors.li-cycle.com.
About Li-Cycle Holdings Corp.
Li-Cycle (NYSE: LICY) is on a mission to leverage its innovative Spoke & Hub Technologies™ to provide a customer-centric, end-of-life solution for lithium-ion batteries, while creating a secondary supply of critical battery materials. Lithium-ion rechargeable batteries are increasingly powering our world in automotive, energy storage, consumer electronics, and other industrial and household applications. The world needs improved technology and supply chain innovations to better manage battery manufacturing waste and end-of-life batteries and to meet the rapidly growing demand for critical and scarce battery-grade raw materials through a closed-loop solution. For more information, visit https://li-cycle.com/.
Investor Relations
Nahla A. Azmy
Sheldon D’souza
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Kunal Phalpher
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DUBLIN--(BUSINESS WIRE)--The "North America Base Oil Market 2022-2028" report has been added to ResearchAndMarkets.com's offering.
MARKET OUTLOOK
As per this report, the base oil market in North America is envisioned to advance at a CAGR of 2.40% in revenue over the forecast years 2022 to 2028. It is further expected to witness a growth of 3.01% CAGR in volume. The United States and Canada are the countries studied in this market.
The United States is increasingly promoting the adoption of base oils, owing to the rising demand, production, and consumption of petroleum, crude oil, and base oil. In this regard, the United States Energy Information Administration estimated that the country had an average consumption of about 19.78 million barrels of petroleum per day in 2021.
Additionally, the country observed a 10% hike in the production of barrels of base oils in 2021, while naphthenic base oil accounted for a 16% rise. Besides, the market players across the country are increasingly contributing to the market's growth by implementing strategic initiatives. For instance, Chevron Products Company upgraded its base oil qualities and started the production of Group II+ base oils across its refineries in the US. Therefore, these developments are fostering the market's growth.
While in Canada, the growth in the oil and gas extraction industry is boosting the market's growth. For instance, Statistics Canada stated that the oil and gas extraction industry's growth led to the expansion of the country's GDP, and increased export value by 95.4% and 102.5% in 2021. Moreover, the strategic development by top market players in the country bolsters the market's overall growth.
Market Dynamics
Market Drivers
Market Challenges
Market Opportunities
Key Topics Covered:
1. North America Base Oil Market - Summary
2. Industry Outlook
3. North America Base Oil Market Outlook - by Group (In Terms of Value: $ Million & Volume: Kiloton)
3.1. Group I
3.2. Group Ii
3.3. Group Iii
3.4. Group Iv
3.5. Group V
4. North America Base Oil Market Outlook - by Application (In Terms of Value: $ Million & Volume: Kiloton)
4.1. Automotive Oil
4.2. Industrial Oil
4.3. Greases
4.4. Hydraulic Oil
4.5. Metalworking Fluids
4.6. Other Applications
5. North America Base Oil Market - Country Outlook (In Terms of Value: $ Million & Volume: Kiloton)
5.1. United States
5.2. Canada
6. Competitive Landscape
7. Research Methodology & Scope
7.1. Research Scope & Deliverables
7.2. Sources of Data
7.3. Research Methodology
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/q890u0
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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CAMPBELL, Calif.--(BUSINESS WIRE)--ChargePoint (NYSE:CHPT), a leading electric vehicle charging network, today announced that President and Chief Executive Officer Pasquale Romano has been appointed to serve as a member of the National Infrastructure Advisory Council (NIAC).
Established in 2001, National Infrastructure Advisory Council (NIAC) comprises executive leaders from the private sector, as well as state and local government, responsible for operating the critical infrastructure essential to modern life. The Council advises the President of the United States on how to reduce physical and cyber risks, and improve the security and resilience of the nation’s critical infrastructure sectors.
“As our country continues to make the transition to electric mobility, it’s essential that there is reliable, equitable, and accessible EV charging everywhere that people live, work and spend their time,” said Romano. “It is an honor to represent the electric vehicle charging sector as part of the NIAC, as the Biden-Harris administration seeks to accelerate the deployment of charging infrastructure and I look forward to working closely with the NIAC to ensure its integrity and safety.”
Mr. Romano joined ChargePoint in February 2011, bringing more than 30 years of technology industry leadership and executive management experience to the company. Prior to ChargePoint, Mr. Romano co-founded 2Wire, a manufacturer of home networking hardware, software and services platform prior to its acquisition by Pace plc in 2010 and he also co-founded Fluent Inc., a digital video networking company prior to its acquisition by Novell Inc. in 1993.
About ChargePoint
ChargePoint is creating a new fueling network to move people and goods on electricity. Since 2007, ChargePoint has been committed to making it easy for businesses and drivers to go electric with one of the largest EV charging networks and a comprehensive portfolio of charging solutions. The ChargePoint cloud subscription platform and software-defined charging hardware are designed to include options for every charging scenario from home and multifamily to workplace, parking, hospitality, retail and transport fleets of all types. Today, one ChargePoint account provides access to hundreds of thousands of places to charge in North America and Europe. To date, more than 123 million charging sessions have been delivered, with drivers plugging into the ChargePoint network on average every second. For more information, visit the ChargePoint pressroom, the ChargePoint Investor Relations site, or contact the ChargePoint North American European press offices or Investor Relations.
CHPT-IR
ChargePoint
AJ Gosselin
Director, Corporate Communications
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Patrick Hamer
VP, Capital Markets and Investor Relations
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THE WOODLANDS, Texas--(BUSINESS WIRE)--Excelerate Energy, Inc. (NYSE: EE) (the “Company” or “Excelerate”) announced today that on August 25, 2022, the Company and ENGIE (“ENGIE”) signed a term sheet for the deployment of a floating storage and regasification unit (“FSRU”) that will provide flexible and secure LNG regasification capacity for Germany as it continues to seek alternatives to Russian pipeline gas supply.
Under the proposed agreement, Excelerate would deploy an FSRU from its integrated fleet to provide regasification services for a period of five years at Germany’s fifth planned LNG import terminal, which is being developed at the port of Wilhelmshaven by Tree Energy Solutions ("TES") and ENGIE. The deployment of an FSRU to Germany would significantly increase the Company’s presence in the European market.
“This term sheet represents an important milestone in our commercial negotiations to support the development of a new FSRU import terminal in Germany,” said Oliver Simpson, Commercial Vice President of Excelerate. “We look forward to collaborating with ENGIE and its partners E.ON and TES to support Germany as the country seeks to enhance its energy security and achieve its decarbonization goals.”
The proposed deal demonstrates the flexibility of Excelerate’s business model and the value of its integrated FSRU fleet, which allows the Company to help strengthen Europe’s energy security while expanding its terminal services and downstream gas sales in markets around the world.
ABOUT EXCELERATE ENERGY:
Excelerate Energy, Inc. is a U.S.-based LNG company located in The Woodlands, Texas. Founded in 2003 by George B. Kaiser, Excelerate is changing the way the world accesses cleaner forms of energy by providing integrated services along the LNG value chain with an objective of delivering rapid-to-market and reliable LNG solutions to customers. Excelerate offers a full range of flexible regasification services from FSRU to infrastructure development to LNG supply. Excelerate has offices in Abu Dhabi, Antwerp, Boston, Buenos Aires, Chattogram, Dhaka, Doha, Dubai, Ho Chi Minh City, Manila, Rio de Janeiro, Singapore, and Washington, DC. For more information, please visit www.excelerateenergy.com.
Investors
Craig Hicks
Excelerate Energy
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Media
Stephen Pettibone / Frances Jeter
Sard Verbinnen & Co
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TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) President and Chief Executive Officer Alan Armstrong along with Chief Financial Officer John Porter are scheduled to participate in meetings with investors at the 2022 Barclays CEO Energy-Power Conference on Wednesday, September 7 in New York City.
Mr. Armstrong is scheduled to present at the conference at approximately 10:20 a.m. Eastern Time (9:20 a.m. Central Time). A link to the live webcast of the presentation, along with presentation slides for viewing and downloading, will be available at https://investor.williams.com on the morning of September 7.
About Williams
As the world demands reliable, low-cost, low-carbon energy, Williams (NYSE: WMB) will be there with the best transport, storage and delivery solutions to reliably fuel the clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation, storage, wholesale marketing and trading of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. Williams owns and operates more than 30,000 miles of pipelines system wide – including Transco, the nation’s largest volume and fastest growing pipeline – and handles approximately 30 percent of the natural gas in the United States that is used every day for clean-power generation, heating and industrial use. Learn how the company is leveraging its nationwide footprint to incorporate clean hydrogen, next generation gas and other innovations at www.williams.com.
Portions of this document may constitute “forward-looking statements” as defined by federal law. Although the company believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. Any such statements are made in reliance on the “safe harbor” protections provided under the Private Securities Reform Act of 1995. Additional information about issues that could lead to material changes in performance is contained in the company’s annual and quarterly reports filed with the Securities and Exchange Commission.
MEDIA:
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(800) 945-8723
INVESTOR CONTACTS:
Danilo Juvane
(918) 573-5075
Grace Scott
(918) 573-1092
KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P. (the “Partnership”) today announced that its 2021 Schedule K-3 reflecting items of international tax relevance is available online. Unitholders requiring this information may access their Schedules K-3 at www.taxpackagesupport.com/martinmidstream [taxpackagesupport.com].
A limited number of unitholders (primarily foreign unitholders, unitholders computing a foreign tax credit on their tax return and certain corporate and/or partnership unitholders) may need the detailed information disclosed on Schedule K-3 for their specific reporting requirements. To the extent Schedule K-3 is applicable to your federal income tax return filing needs, we encourage you to review the information contained on this form and refer to the appropriate federal laws and guidance or consult with your tax advisor.
To receive an electronic copy of your Schedule K-3 via email, unitholders may call Tax Package Support toll free at (888) 334-7473.
About Martin Midstream Partners
Martin Midstream Partners L.P. is a publicly traded limited partnership with a diverse set of operations focused primarily in the United States Gulf Coast region. The Partnership's primary business lines include: (1) terminalling, processing, storage, and packaging services for petroleum products and by-products; (2) land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; (3) sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and (4) natural gas liquids marketing, distribution, and transportation services.
Additional information concerning Martin Midstream is available on its website at www.MMLP.com.
MMLP-C
Sharon Taylor – Chief Financial Officer
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(877) 256-6644
CALGARY, Alberta--(BUSINESS WIRE)--Imperial (TSE: IMO, NYSE American: IMO) today announced that together with ExxonMobil Canada, it has successfully completed the previously announced sale of XTO Energy Canada to Whitecap Resources Inc. for a total cash consideration of $1.9 billion ($940 million Imperial’s share). As a result of the sale, Imperial will record an after-tax earnings gain of approximately $200 million in the third quarter of 2022.
The sale is consistent with Imperial’s strategy to focus upstream resources on key oil sands assets and its commitment to deliver long-term value to shareholders. The assets include 567,000 net acres in the Montney shale, 72,000 net acres in the Duvernay shale and additional acreage in other areas of Alberta. Net production from these assets is about 140 million cubic feet of natural gas per day and about 9,000 barrels of crude, condensate and natural gas liquids per day.
After more than a century, Imperial continues to be an industry leader in applying technology and innovation to responsibly develop Canada’s energy resources. As Canada’s largest petroleum refiner, a major producer of crude oil, a key petrochemical producer and a leading fuels marketer from coast to coast, our company remains committed to high standards across all areas of our business.
Cautionary statement: Statements of future events or conditions in this release, including projections, targets, expectations, estimates, and business plans are forward-looking statements. Forward-looking statements in this release include references to an after tax earnings gain in the third quarter of 2022, and the company’s strategy to focus upstream resources on key oil sands assets and its commitment to deliver long-term value to shareholders.
Forward-looking statements are based on the company's current expectations, estimates, projections and assumptions at the time the statements are made. Actual future financial and operating results, including expectations and assumptions concerning demand growth and energy source, supply and demand mix; general market conditions; commodity prices; capital and environmental expenditures; and the adoption and impact of new facilities or technologies on unconventional development could differ materially depending on a number of factors. These factors include global, regional or local changes in supply and demand for oil, natural gas, and petroleum products and resulting price, differential and margin impacts; general economic conditions; the receipt, in a timely manner, of regulatory and third-party approvals; environmental risks inherent in oil and gas exploration and production activities; operational hazards and risks; unanticipated technical or operational difficulties; availability and allocation of capital; political or regulatory events, including changes in law or government policy; reservoir performance; environmental regulation, including climate change and greenhouse gas regulation and changes to such regulation; unexpected technological developments; and other factors discussed in Item 1A risk factors and Item 7 management’s discussion and analysis of financial condition and results of operations of Imperial’s most recent annual report on Form 10-K and subsequent interim reports on Form 10-Q.
Forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties, some that are similar to other oil and gas companies and some that are unique to Imperial Oil Limited. Imperial’s actual results may differ materially from those expressed or implied by its forward-looking statements and readers are cautioned not to place undue reliance on them. Imperial undertakes no obligation to update any forward-looking statements contained herein, except as required by applicable law.
Source: Imperial
For further information:
Investor relations
(587) 476-4743
Media relations
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Gene Austin to resign as CEO and become Chairman of the Board
Paul Langenbahn, President of Quorum, to become CEO
Moves are designed to propel cloud-first, connected technology vision and catalyze next phase of growth
HOUSTON--(BUSINESS WIRE)--Quorum Software (Quorum), a global software leader dedicated to the energy industry, announced today that Chief Executive Officer Gene Austin will be stepping down from this position to become the company’s Chairman of the Board of Directors and President Paul Langenbahn will succeed Austin and serve as both President and CEO. This transition will be effective October 1.
“It has been an honor and a privilege to serve as Quorum’s CEO,” said Austin. “The tremendous growth over the past four years including six successful acquisitions and the merger with Aucerna, has positioned Quorum as a global market leader in energy software, exceeding company growth targets year-over-year. Working alongside Paul for the last year and the wealth of executive experience he brings from enterprise technology companies, I can say with certainty that he is the right leader to continue driving Quorum’s vision and growth strategy.”
Langenbahn has served as President of Quorum since May 2021, where he is primarily responsible for overseeing the company’s worldwide customer-facing operations. He has an extensive background in senior leadership roles in management, sales, and professional services for global enterprise technology providers, including President of the Commerce business unit of NCR Corporation and President of the hospitality division of Radiant Systems.
“I would like to thank Gene and the Board for the opportunity to lead Quorum through this next phase of growth for the company and industry transition,” said Langenbahn. “It’s an exciting time in oil and gas with the accelerated need for cloud-based digital transformation to deliver fast, accurate, decision-ready data to power critical operations for energy companies around the world. I’m confident that the direction Gene forged, coupled with the sophistication of our best-in-class solutions, have positioned us well for long-term success.”
“We are tremendously grateful for Gene’s many great contributions to Quorum and the foundation he laid for the company’s next phase of growth,” said Scott Crabill, Managing Partner, Thoma Bravo. “We look forward to partnering with Paul and the leadership team to continue that momentum and advance the company’s mission of transforming the business of energy through technology.”
To learn more about Quorum, visit www.quorumsoftware.com.
About Quorum Software
Quorum Software is a leading provider of energy software worldwide, serving more than 1,800 customers across the entire energy value chain in 55 countries. Quorum’s solutions power growth and profitability for energy businesses by connecting people, workflows, and systems with decision-ready data. Twenty years ago, we delivered the industry’s first software for gas plant accountants, and today our solutions streamline business operations with industry forward data standards and integrations. The global energy industry trusts Quorum’s experts and applications to successfully navigate the energy transition while delivering value today and into the future. For more information, visit quorumsoftware.com.
Media
Lauren Force
PAN Communications
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HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced that its 2021 Schedule K-3, reflecting items of international tax relevance, is available online. Unitholders requiring this information may access the Schedule K-3 through the Partner Relations support website at www.PartnerDataLink.com/Genesis or through the Quick Link on the Genesis Energy Home page at www.genesisenergy.com.
A limited number of unitholders (primarily foreign unitholders, unitholders computing a foreign tax credit on their tax return and certain corporate and/or partnership unitholders) may need the detailed information disclosed on Schedule K-3 for their specific reporting requirements. To the extent Schedule K-3 is applicable to your return filing needs, we encourage you to review the information contained on this form and refer to the appropriate federal laws and guidance or consult with your tax advisor.
Genesis Energy is not planning to mail copies of the Schedule K-3 to investors. To receive an electronic copy of Schedule K-3 via email, Genesis Energy, L.P. unitholders may call Partner DataLink toll free at 855-502-0936.
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, marine transportation and onshore facilities and transportation. Genesis’ operations are primarily located in the Gulf Coast region of the United States, Wyoming and the Gulf of Mexico.
Genesis Energy, L.P.
Dwayne Morley
VP – Investor Relations
(713) 860-2536
Commercial and multifamily real estate development professional brings more than a decade of experience focusing on green building and sustainability-based investments
DALLAS--(BUSINESS WIRE)--Crow Holdings, a leading real estate investment and development firm, announced today the hiring of Don Brooks as Head of Sustainability. With over 15 years of direct experience leading environmental initiatives for real estate firms, Brooks is well-suited to oversee the efforts across Crow Holdings’ investment management and development businesses to increase adoption of environmental impact investing initiatives, including carbon reduction, climate resilience, renewable energy, and sustainable development practices.
Crow Holdings weighs a variety of sustainability factors in connection with the acquisition, development, and ownership of its real estate properties, implementing features that reduce energy use, lower operating costs, and promote green living. The addition of Brooks greatly enhances Crow Holdings’ ability to bring practical, cost-effective, and environmentally conscious solutions to current and future projects on behalf of both tenants and investors.
“Throughout our 70-plus-year history, alignment with our partners has been foundational to how we do business, as has a spirit of innovation,” said Crow Holdings CEO Michael Levy. “Without question, sustainability’s increased importance to our tenants and investment partners is clear. What’s more, technological developments in the areas of sustainability create enhanced opportunities to improve building design and construction, reduce energy usage, reduce operating costs, and lower the carbon footprint across the property.”
“Over the past 15 years, I have been fortunate to lead numerous green building projects and also train construction and operations teams, introducing sustainability elements that save money, make sense, and make a difference,” Brooks said. “I am excited to contribute my skills and experience to the incredible group at Crow Holdings, both at the project level and portfolio-wide, working with our partners and stakeholders in pursuit of their sustainability goals.”
Prior to joining Crow Holdings, Brooks served as Vice President – Multifamily Services at US-Eco Logic / TexEnergy Solutions, the world’s largest provider of energy efficiency and green building services for single and multifamily developers. Prior to that, he served as Due Diligence Manager for The Dinerstein Companies, managing the design and development process of various urban infill throughout the country. He also served as The Dinerstein Companies’ Director of Sustainability, developing the company’s environmental impact program from the ground up, with responsibilities that included successfully integrating policies, training, corporate branding, and green certifications for the sustainability goals of property owners.
Brooks received a Bachelor of Science in Electrical Engineering from Texas A&M University. He is LEED AP-certified by the U.S. Green Building Council.
About Crow Holdings
Crow Holdings is a leading national real estate investment and development firm with more than 70 years of history, $27 billion of assets under management, and an established platform with a vision for continued success. Crow Holdings pursues compelling investment opportunities through a range of strategies, product types, and ventures, consistently seeking to create value for its investors, partners, and communities. Operating from 21 offices in key markets across the U.S., Crow Holdings has extensive industry reach and expertise in multifamily, industrial, office, and specialty sectors. The firm’s ongoing legacy is rooted in its founding principles: partnership, collaboration, and alignment of interests. For more information, please visit www.crowholdings.com.
Adam McGill
Crow Holdings
(o)214-661-8376
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Flex Alert Requests Voluntary Conservation Today from 4 p.m. to 9 p.m.
OAKLAND, Calif.--(BUSINESS WIRE)--With hot temperatures and high energy demand across California, the state’s power grid operator is asking residents statewide to voluntarily conserve electricity this afternoon and evening when the grid is most stressed due to higher demand and when energy supplies are tighter.
The Flex Alert, called by the California Independent System Operator (CAISO), will be in effect today, Wednesday, Aug. 31 from 4 p.m. to 9 p.m. The grid operator is predicting an increase in electricity demand, primarily from air conditioning use.
The grid operator is asking all Californians to reduce electricity use during a Flex Alert to prevent further emergency measures, including rotating power outages.
Saving Energy at Home
Here are ways Pacific Gas and Electric Company (PG&E) customers can cut their power use and help keep the lights (and air conditioning) on for everyone.
Today, during the Flex Alert from 4 p.m. to 9 p.m. Californians should:
Although a Flex Alert hasn’t been called for Thursday at this time, after 9 p.m. tonight and tomorrow, before 4 p.m., Californians should:
Saving Energy at Your Office or Business
If you’re working in an office setting, CAISO recommends the following:
PG&E’s Demand Response programs offer incentives for business owners and residential customers who curtail their energy use during times of peak demand. PG&E has several of these programs, totaling about 245,000 enrolled PG&E customers.
PG&E’s website includes detailed information on these programs, which allow residential customers and business customers to save energy and money.
PG&E is prepared for the heat and, based on forecasts, doesn’t anticipate issues meeting increased demand for power.
Also, at this time, the grid operator has not indicated that it plans to call for rotating outages. PG&E does not project a need for a Public Safety Power Shutoff due to this weather, but the company’s meteorology team will continuously monitor conditions.
PG&E also urges customers to stay safe during extreme heat. The company funds cooling centers throughout its service area to help customers escape the heat and cool off. To find a center near you click here or call 1-877-474-3266.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
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