New collaboration will study how electric vehicles, chargers and batteries can enhance energy reliability and build grid resiliency

SAN DIEGO--(BUSINESS WIRE)--San Diego Gas & Electric (SDG&E) and General Motors (GM) today announced an agreement to investigate the feasibility of integrating bidirectional Electric Vehicles (EVs) into the electric grid as a local energy resource. Following GM’s announcement of its newest business unit, GM Energy, the study will examine the hardware, software, processes and construction considerations necessary to accelerate wider adoption of Vehicle-to-Grid Integration (VGI) capabilities, which include:

• Documenting best practices for Vehicle-to-Home or Building projects so that the benefits may be clearly communicated to customers.
• Developing systems that help enable utilities and vehicle manufacturers to leverage cloud-based energy management platforms and distributed energy resources, such as EVs, to create a Virtual Power Plant. A Virtual Power Plant is a collection of energy resources that can be interconnected and operated together via cloud-based software.
• Exploring the integration of EVs in microgrid environments to increase grid resiliency for communities. A microgrid is a smaller power grid that uses technology like energy storage or EV batteries to provide power to specific communities or facilities in the event of an outage.

“Vehicle-to-Grid technology can help transform our energy system and provide tangible, positive benefits to our customers in Southern California,” said SDG&E CEO Caroline Winn. “EVs can help us improve community and grid resiliency in the face of climate change as we work with the state and partners to meet our shared climate goals.”

Under the new agreement, GM and SDG&E will study three VGI capabilities: Vehicle-to-Home (V2H), Vehicle-to-Grid (V2G), and a Virtual Power Plant, which can leverage distributed energy resources such as EVs, batteries and chargers to help the grid meet demand.

“Through GM Energy, working with companies like SDG&E will play an important role in accelerating new technology and energy management solutions to market for customers,” said GM Vice President of EV Growth Operations Travis Hester. “As GM continues on its journey towards an all-electric future, expanding the capabilities of EVs represents a significant opportunity to help strengthen grid resiliency and mitigate the impact of disruptions.”

SDG&E and GM are signatories to the U.S. Department of Energy’s Vehicle-to-Everything (V2X) memorandum of understanding (MOU). The agreement is designed to bring together resources from DOE National Labs, state and local governments, utilities and private entities to unlock the potential of bidirectional charging to increase energy security, community resilience, and economic growth while supporting the nation’s electric system.

“Bidirectional charging holds tremendous potential for increasing the country’s energy security and grid reliability in addition to supporting economic opportunities for communities throughout the nation,” said U.S. Department of Energy Office of Technology Transitions Commercialization Executive Rima Oueid. “We are excited to see yet another V2X initiative undertaken by our MOU partners to accelerate adoption of this innovative technology.”

On average, cars are parked 95% of their useful life, according to research from University of California Los Angeles professor Donald Shoup. Per data from Veloz, California is home to 1.2 million EVs, the largest concentration in the nation. Starting in 2035, all new cars and passenger trucks sold in California are required to be zero-emissions.

SDG&E is an innovative San Diego-based energy company that provides clean, safe and reliable energy to better the lives of the people it serves in San Diego and southern Orange counties. The company is committed to creating a sustainable future by providing its electricity from renewable sources; modernizing energy infrastructure; accelerating the adoption of electric vehicles; supporting numerous non-profit partners; and, investing in innovative technologies to ensure the reliable operation of the region’s infrastructure for generations to come. SDG&E is a subsidiary of Sempra (NYSE: SRE). For more information, visit SDGEnews.com or connect with SDG&E on Twitter (@SDGE), Instagram (@SDGE) and Facebook.

General Motors (NYSE:GM) is a global company focused on advancing an all-electric future that is inclusive and accessible to all. At the heart of this strategy is the Ultium battery platform, which powers everything from mass-market to high-performance vehicles. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Chevrolet, Buick, GMC, Cadillac, Baojun and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, can be found at https://www.gm.com.

Krista Van Tassel
San Diego Gas & Electric
877-866-2066
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Twitter: @sdge

HOUSTON--(BUSINESS WIRE)--Today, Fervo Energy announced the execution of a 20 MW power purchase agreement to provide 24/7 carbon-free geothermal power to a group of nine California-based community choice aggregators (CCAs). The 15-year contract will provide clean energy to households across Southern California.

The offtakers include Desert Community Energy (DCE), Clean Energy Alliance (CEA), and California Choice Energy Authority (CalChoice) on behalf of the Town of Apple Valley, the City of Lancaster, the City of Pomona, the City of Pico Rivera, the City of Rancho Mirage, the City of Santa Barbara, and the City of San Jacinto.

As the leading developer of next-generation geothermal energy, Fervo Energy will help all nine entities meet firm, clean power requirements under the 2021 State of California mandate requiring load serving entities to procure 1,000 MW of non-weather-dependent, zero-emissions energy. The project will dispatch 20 MW of 24/7 carbon-free geothermal power from Fervo’s Beaver County, Utah position with expected operation in Q2 of 2026.

“This is a great example of local government leading the way in providing residents and businesses with 100% green, carbon-free energy,” said DCE Chair Geoff Kors. “Of our 33,000 customers in Palm Springs, 24,000 of them are on DCE’s Carbon Free plan, and altogether they will save nearly $2 million from this partnership with Fervo Energy.”

Fervo Energy applies proven technologies including horizontal drilling and distributed fiber optic sensing to geothermal power development to deliver more reliable and cost-effective projects. This approach makes geothermal power accessible in far more places than before and dramatically increases its potential as a widespread energy source.

“We are seeing unprecedented demand for 24/7 carbon-free energy. This partnership pushes Southern California one step closer to having a fully decarbonized, reliable grid and achieving their clean energy goals,” said Dawn Owens, Head of Development at Fervo Energy.

“CalChoice is excited to partner with Fervo Energy,” said CalChoice Executive Director Jason Caudle. “Fervo Energy is making meaningful progress toward expanding geothermal accessibility, furthering climate action goals, all while providing carbon-free geothermal power to households throughout Southern California.”

About Fervo Energy

Fervo Energy provides 24/7 carbon-free energy through development of next-generation geothermal power. Fervo’s mission is to leverage innovation in geoscience to accelerate the world’s transition to sustainable energy. Geothermal has a major role to play in the future electric grid and Fervo’s key innovations bring a full suite of modern technology to make geothermal cost competitive. Fervo’s innovations include technologies such as advanced computational models, horizontal drilling, and distributed fiber optic sensing that have been developed with partners including Schlumberger, ARPA-E, and the Lawrence Berkeley National Lab. Fervo has an industry leading development pipeline with projects with multiple partners including Google and East Bay Community Energy. Fervo’s investors and financiers include leading venture capital firms Capricorn and Breakthrough Energy Ventures, industry leaders Helmerich and Payne and BHP, and research support through Activate, ARPA-E, and the Department of Energy Geothermal Technologies Office. For more information, please visit www.fervoenergy.com.

About DCE

Desert Community Energy (DCE) is a Joint Powers Authority formed by the Cities of Palm Springs and Palm Desert to offer a Community Choice Aggregation (CCA) program that sources its own electricity, gives customers the choice to buy cleaner electricity at competitive rates, and reduces greenhouse gases through development of a robust renewable energy infrastructure. DCE launched and began serving customers in Palm Springs in April 2020. Services for the City of Palm Desert are currently under consideration. For more information about DCE, visit DesertCommunityEnergy.org or follow us on Facebook, Twitter, and Instagram.

About CEA

Clean Energy Alliance (CEA) is a Joint Powers Authority formed to offer Community Choice Aggregation (CCA) services to its member cities which includes Carlsbad, Del Mar, Escondido, Oceanside, San Marco, Solana Beach and Vista. CEA began serving customers in Carlsbad, Del Mar and Solana Beach in May 2021 and will begin serving customers in Escondido and San Marcos in April 2023 and Oceanside and Vista in April 2024. For more information about CEA, visit TheCleanEnergyAlliance.org or follow us on Facebook, Twitter, Instagram and YouTube.

About CalChoice

CalChoice is a California Joint Powers Authority (“JPA”) that provides Community Choice Aggregation (“CCA”) support services, which include energy portfolio management, power procurement and trading, settlements and invoice validations, regulatory compliance, regulatory advocacy, financial and accounting, and rate-setting support functions. Furthermore, CalChoice provides a turn-key CCA offering to other city-specific CCA programs. Learn More at californiachoiceenergyauthority.com

Fervo Energy
Sarah Jewett, Director of Strategy
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DCE
Josh Zipperman
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CEA
Barbara Boswell, CEO
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CalChoice
Kathy Wells, Energy Programs Manager
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BRYN MAWR, Pa.--(BUSINESS WIRE)--Essential Utilities Inc. (NYSE: WTRG) today announced it has once again been named a Champion of Board Diversity by The Forum of Executive Women, recognized for paving the way for gender equity. This is the fourth time that Essential or its water subsidiary, Aqua, has received the award.

The Forum annually honors the top public companies in the Philadelphia region with at least 30% of their respective boards comprised of women. Essential was one of 35 companies from the Greater Philadelphia area celebrated at The Forum’s Leadership Breakfast on October 26.

“We’re thrilled to once again be recognized as a Champion of Board Diversity, reflecting our ongoing commitment to embracing diversity and inclusion at all levels of our organization,” said Christopher Franklin, chairman and CEO of Essential Utilities. “Our focus on gender equality is intentional, as we know diverse perspectives make us stronger and allow us to better serve our customers. We’re proud to add this honor to our overarching ESG accomplishments.”

Previously, Aqua was recognized as a Champion of Board Diversity by the Forum of Executive Women in 2016, 2019 and 2021. Aqua was also recognized as a Winning ‘W’ Company by 2020 Women on Boards for having 20 percent or more of its board seats held by women, and Essential was recognized as a “3+” company by 50/50 Women on Boards this year, indicating at least three board seats held by women.

Founded in 1977, The Forum of Executive Women is a membership organization of nearly 600 senior female leaders in corporations, firms, not-for-profit organizations and the public sector working to expand the impact and power of women in the workplace throughout the region.

About Essential

Essential is one of the largest publicly traded water, wastewater and natural gas providers in the U.S., serving approximately 5.5 million people across 10 states under the Aqua and Peoples brands. Essential is committed to excellence in proactive infrastructure investment, regulatory expertise, operational efficiency and environmental stewardship. The company recognizes the importance water and natural gas play in everyday life and is proud to deliver safe, reliable services that contribute to the quality of life in the communities it serves. For more information, visit http://www.essential.co.

WTRGG

Sarah Courtright
Communications Manager
Media Hotline: 1.877.325.3477
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ESS Energy Warehouse™ will deliver resilient energy infrastructure

WILSONVILLE, Ore.--(BUSINESS WIRE)--ESS Inc. (NYSE: GWH), a leading manufacturer of long-duration iron flow batteries for commercial and utility-scale energy storage applications, has been selected by Consumers Energy, Michigan’s largest energy provider, to provide a battery system for a solar and storage microgrid. Consumers Energy will deploy ESS’s Energy Warehouse platform as part of a microgrid powering a gas compression facility in Michigan.

The project, which includes the first iron flow battery to be used for a gas compression plant, underscores the capabilities of ESS’s Energy Warehouse to deliver low-cost, long-duration energy storage over a 20+ year operational lifespan. When paired with solar photovoltaics, the Energy Warehouse provides a sustainable, resilient energy storage solution for critical infrastructure.

Consumers Energy provides natural gas and/or electricity to two thirds of Michigan's 10 million residents and is the principal subsidiary of CMS Energy. This project will help to achieve the goals laid out in the Energy Storage Roadmap for Michigan, released in April by the Michigan Department of Environment, Great Lakes and Energy, which calls for 1,000 megawatts (MW) of storage by 2025 and 4,000 MW by 2040.

“ESS is proud to provide our safe and non-toxic battery storage system to a leading utility provider in the Midwest serving millions of customers,” said Hugh McDermott, SVP of business development and sales at ESS Inc. “We are especially pleased to have our first project for Consumers Energy be a solar-plus-storage microgrid – a hugely beneficial solution for utilities and commercial/industrial customers who need sustainable and cost-effective energy resilience solutions.”

“Consumers Energy’s partnership with ESS on this first-of-its-kind project is another positive step toward a cleaner energy future for Michigan,” said Dennis Dobbs, VP of gas engineering and supply at Consumers Energy. “This project delivers on our goal of producing and storing clean, renewable electricity to help the environment, reduce electric bills and increase operational efficiency at the compressor station. And by integrating ESS’s Energy Warehouse we are able to ensure the safe, dependable operation of our critical infrastructure.”

Utilizing earth-abundant iron, salt and water for its electrolyte, and simple materials for battery components, the ESS Energy Warehouse is a durable, environmentally safe, long-duration storage solution that is ideally suited for time-shifting renewable energy, managing a facility’s demand charges, and smoothing the intermittency of renewables on a constrained grid. It aligns well with the life span of solar and wind projects, supporting those applications’ low levelized cost of energy requirements.

About ESS Inc.

At ESS (NYSE: GWH), our mission is to accelerate global decarbonization by providing safe, sustainable, long-duration energy storage that powers people, communities and businesses with clean, renewable energy anytime and anywhere it’s needed. As more renewable energy is added to the grid, long-duration energy storage is essential to providing the reliability and resiliency we need when the sun is not shining and the wind is not blowing.

Our technology uses earth-abundant iron, salt and water to deliver environmentally safe solutions capable of providing up to 12 hours of flexible energy capacity for commercial and utility-scale energy storage applications. Established in 2011, ESS Inc. enables project developers, independent power producers, utilities and other large energy users to deploy reliable, sustainable long-duration energy storage solutions. For more information visit www.essinc.com.

About Consumers Energy

Consumers Energy, Michigan’s largest energy provider, is the principal subsidiary of CMS Energy (NYSE: CMS), providing natural gas and/or electricity to 6.8 million of the state’s 10 million residents in all 68 Lower Peninsula counties.

Forward-Looking Statements

This communication contains certain forward-looking statements, including statements regarding ESS’s and its management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intends”, “may”, “might”, “plan”, “possible”, “potential”, “predict”, “project”, “should”, “would,” “will” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are based on ESS’s current expectations and beliefs concerning future developments and their potential effects on ESS. Many factors could cause actual future events to differ materially from the forward-looking statements in this announcement. There can be no assurance that the future developments affecting ESS will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond ESS’s control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Except as required by law, ESS is not undertaking any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Investors:
Erik Bylin
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Media:
Morgan Pitts
503.568.0755
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Algoma and Furetank expand FureBear joint venture to construct four additional climate-friendly dual-fuel product tankers to trade in Northern Europe

ST. CATHARINES, Canada--(BUSINESS WIRE)--#yourmarinecarrierofchoice--Algoma Central Corporation (TSX: ALC) today announced that it has doubled its investment in the FureBear joint venture, and will construct four additional dual-fuel ice class 1A 17,999 DWT climate-friendly product tankers with their partner Furetank AB (“Furetank”) of Sweden, bringing the total investment to eight vessels. Algoma owns 50% of the joint venture.

“In our strategic plan, we set out to find sustainable areas to grow our business and deploy capital in the highest and best uses,” said Gregg Ruhl, President and CEO of Algoma. “This investment enables us to further diversify Algoma’s asset base and geographic trading zones in a segment we know well and with partners that share our values,” concluded Mr. Ruhl.

“The expansion of our FureBear investment with Algoma is exciting news,” said Lars Höglund, CEO of Furetank. “This is yet another endorsement of the environmental benefits and innovative design of our Vinga Series. I look forward to delivering on these benefits with our partner and working together to fulfill the need for modern and efficient tonnage in the markets we serve,” concluded Mr. Höglund.

Like the initial four vessel order, the additional ships will be constructed at China Merchants Jinling Shipyard in Yangzhou, China, with delivery expected between 2023 and 2025. Two of the four vessels had previously been ordered by Furetank in September and will be transferred to FureBear, and the other two vessels have been placed as new orders bringing the total vessels in the Vinga series to 17. Upon completion, all eight FureBear vessels will be entered into the Gothia Tanker Alliance, and will be operated by Furetank out of Gothenburg, Sweden.

The Vinga ships are designed with FKAB Marine Design and all have dual-fuel capability and run on LNG/LBG or gasoil and are also fully equipped for shore power. They are designed with a battery hybrid solution and several innovative features that reduce fuel and energy consumption, resulting in extensively lower emissions of CO2, sulphur oxide, nitrogen oxide and hazardous particles. The ships have scored the best Energy Efficiency Design Index or EEDI value in their segment globally, meaning that they are the most energy efficient vessels according to the International Maritime Organization (IMO).

About Algoma Central Corporation
Algoma owns and operates the largest fleet of dry and liquid bulk carriers operating on the Great Lakes - St. Lawrence Seaway, including self-unloading dry-bulk carriers, gearless dry-bulk carriers and product tankers. Since 2010 we have introduced 10 new build vessels to our domestic dry-bulk fleet, with two under construction and expected to arrive in 2024, making us the youngest, most efficient and environmentally sustainable fleet on the Great Lakes. Each new vessel reduces carbon emissions on average by 40% versus the ship replaced. Algoma also owns ocean self-unloading dry-bulk vessels operating in international markets and a 50% interest in NovaAlgoma, which owns and operates the world's largest fleet of pneumatic cement carriers and a global fleet of mini-bulk vessels serving regional markets. Algoma truly is Your Marine Carrier of Choice™. For more information about Algoma, visit the Company's website at www.algonet.com.

About Furetank
Furetank, based on Donsö in the Gothenburg archipelago, is a Swedish, family-owned shipping company active in tanker shipping since the early 1950’s. Furetank operates nine owned vessels and is a founding member of the Gothia Tanker Alliance; a market platform for small and intermediate product tankers, operating 40 vessels in European waters. Furetank’s motto is not a giant but a leader – continuously striving to adopt green solutions for the environment and climate. For more information, visit Furetank’s website at www.furetank.se.

Gregg A. Ruhl
Algoma Central Corporation
President & CEO
905-687-7890

J. Wesley Newton
Algoma Central Corporation
E.V.P. Strategy & Business Development
905-687-7836

Lars Höglund
Furetank AB
CEO
46 (0) 705 74 96 41

MELBOURNE, Australia--(BUSINESS WIRE)--Hansen Technologies (ASX:HSN), a leading global provider of software and services to the energy, water and communications industries, is pleased to announce today that it has signed a multi-year agreement with the City of New Bern, part of the State of North Carolina, as the city charts a new digital transformation journey and envisions a new technological infrastructure.

Under the terms of the agreement, Hansen will provide Hansen CIS, part of the Hansen Suite for Energy and Utilities, to the historical city, delivered through a SaaS (Software as a Service) model – marking another successful progression in Hansen’s Cloud and SaaS-based CIS strategy within North America. This continues to meet the evolving needs of North American utilities and municipalities as they look to migrate towards more flexible and scalable software platforms. This will modernize New Bern’s existing infrastructure and enable the replacement of their existing systems.

Equipped with enhanced UI configuration capabilities and an expanded integration framework, Hansen CIS empowers utilities and municipalities to manage the full customer service and revenue lifecycle for water and energy-related services. The solution offers business-process automation, wizards, workflows and other efficiencies to streamline the customer management and billing operations – with a secure, low cost of ownership.

Charles Bauschard, Director of Public Utilities, City of New Bern, commented: “Hansen’s track record in seamlessly introducing new systems and integrating solutions for North American utilities, was a major determining factor in the initiation of our partnership. The agility of the Hansen team in constructing and implementing a tailored solution to meet our timeline, and the flexibility of their CIS to enable us to deliver the services sought by our water and electric customers – such as smart metering, advanced billing rates for solar and EVs – were other major drivers.”

John May, Division President, Energy and Utilities at Hansen, commented: “With their capabilities now augmented as a result of this new agreement, the latest release of the SaaS-based Hansen CIS at the City of New Bern marks the start of what we believe will be a long and successful relationship. It also stands as a testament to the trust placed in us by our valued customers, as well as our position as a leading provider of solutions to energy and utilities providers in North America. In the years to come, complexity in the industry is only set to increase; we continue to be encouraged by the positive and progressive uptake of Hansen CIS.”

For further information about Hansen Technologies, please visit www.hansencx.com.

About Hansen Technologies

Hansen Technologies (ASX: HSN) is a leading global provider of software and services to the energy, water and communications industries. With its award-winning software portfolio, Hansen serves 600+ customers in over 80 countries, helping them to create, sell, and deliver new products and services, manage and analyse customer data, and control critical revenue management and customer support processes.

For more information, visit www.hansencx.com

About the City of New Bern

Situated in North Carolina, the City of New Bern provides water, electric, sanitation and stormwater services to 42,000 residential and commercial customers.

For more information, visit https://www.newbernnc.gov/

Adnan Bashir
Senior Manager, Global Corporate Communications
Hansen Technologies
+1 647-204-0999

DUBLIN--(BUSINESS WIRE)--The "District Heating Market by Heat Source (Coal, Natural Gas, Renewables, Oil & Petroleum Products), Component (Boiler, Heat Exchanger), Plant Type (Boiler Plants, CHP), Application (Residential, Commercial, Industrial) and Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.

The global district heating market is estimated at USD 167.8 Billion in 2022 and is projected to reach USD 226.5 Billion by 2027, registering a CAGR of 6.2% during the forecast period. The rise in demand for district heating is also attributed to increasing demand for energy-efficient and cost-effective heating systems, growing urbanization and industrialization, increasing integration of renewable energy in district heating, advantages over individual in-building heating systems, and policy initiatives by governments and associations.

Renewables Heat Source: The segment expected to grow at the highest CAGR of district heating market by 2027

The renewable heat source segment is anticipated to record the highest CAGR of 8.8% during the forecast period. In terms of established and installed capacity, the district heat generated using natural gas is higher than the district heat produced utilizing renewables. However, the revenue generated by using renewables as a heat source is higher than that of natural gas due to the reasonable cost of renewables. These factors are expected to create lucrative opportunities for the growth of the district heating market for the renewable heat source segment during the forecast period.

Boiler Plant Type: To grow at the second highest CAGR of district heating market by 2027

The boiler plants segment is expected to witness the second highest CAGR of 5.7% during the forecast period. Boilers are more energy efficient than standard air-heating systems. This is because water is a much better thermal conductor than air; it warms up faster and retains heat for longer. Boilers also heat water for district heating more evenly and easily.

Commercial Application: Expected to grow at the second highest CAGR of district heating market by 2027

The commercial application segment is expected to experience the second-highest CAGR of 6.6% during the forecast period. The growth of the commercial application segment is mainly attributed to the increasing adoption of district heating in commercial buildings and the growing demand for energy-efficient devices. District heating provides increased occupant comfort and reduces cool air circulation while reducing the energy required to heat the space. While these systems can have a substantial initial investment compared to other options, they are beneficial in the long run with lower energy bills while achieving much higher levels of comfort and increasing staff morale. Similarly, heavy investments by the worldwide governments for the construction of commercial spaces such as institutes, offices, and retail stores are expected to promote the growth of the district heating market.

Market Dynamics

Drivers

• Increasing Demand for Energy-Efficient and Cost-Effective Heating Systems
• Growing Urbanization and Industrialization
• Increasing Integration of Renewable Energy in District Heating
• Advantages Over Individual In-Building Heating Systems
• Rising Number of Policy Initiatives by Governments and Associations

Restraints

• High Infrastructure and Maintenance Costs
• Reduced Effectiveness in Small Heating Loads

Opportunities

• Rising Demand for Energy-Efficient and Sustainable Heating Technologies
• Increasing Integration of Multiple Energy Sources
• Growing Technological Advancements and Digitalization
• Rising Number of Initiatives Related to Clean Energy Production

Challenges

• Need for Robust Transportation Equipment
• Difficulty in Load Prediction and Better Utilization of Heating Systems

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 District Heating Market, by Component

7 District Heating Market, by Heat Source

8 District Heating Market, by Plant Type

9 District Heating Market, by Application

10 Geographic Analysis

11 Competitive Landscape

12 Company Profiles

13 Appendix

Companies Mentioned

• Alfa Laval
• Clearway Community Energy
• Dall Energy
• Danfoss
• Engie
• Enwave Energy
• Fortum
• Fvb Energy
• General Electric
• Goteborg Energi
• Hafslund Eco
• Helen Ltd
• Kelag
• Keppel Corporation
• Logstor
• Orsted
• Ramboll Group
• Savon Voima
• Shinryo Corporation
• Statkraft
• Steag GmbH
• Uniper Se
• Vattenfall
• Veolia
• Vital Energy

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

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBAI, United Arab Emirates--(BUSINESS WIRE)--Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), the Emirate of Dubai’s exclusive electricity and water services provider, which is listed on the Dubai Financial Market (DFM), has reported its third quarter 2022 financial results, recording quarterly revenue of AED 8.55 bn and net profit of AED 3.17 bn. Year to date, DEWA’s revenue is AED 20.63 bn and net profit is AED 6.47 bn.

Demand driven robust financial performance

DEWA’s first 9 month revenue increase of 15% to AED 20.63 bn was mainly driven by an increase in demand and a transition to normalized tariff structure. Energy demand in Dubai during the first 9 months of 2022 increased by 5% compared to the same period in 2021. Similarly, water demand in the same period grew by 6.4%.

“In line with the vision of the wise leadership to strengthen Dubai’s position as a leading global financial and economic hub we achieved a profit for the first 9 months of 2022 which is nearly at par with our full year net profit of 2021. These record results are a testament to our steadfast focus on delivering our strategic priorities of sustainable and innovative growth. We are well positioned to deliver the best full year financial performance in our history. Moreover, we have made sustained progress towards unlocking shareholder value by paying our first dividend of AED 3.1bn in Oct, 2022, by announcing the intention to float our 70% owned subsidiary EMPOWER and by recommending the payment of a one-time special dividend of AED 2.03bn to be paid to our shareholders in December. For the financial year 2022, we expect to return AED 8.23bn in dividends to our shareholders,” said HE Saeed Mohammed Al Tayer, MD & CEO of DEWA.

Demand for energy in the first 9 months of 2022 reached 40.7 TWh compared to 38.6 TWh in the first 9 months of 2021. Further, DEWA’s peak demand in the first 9 months of 2022 was 9.5 GW, which represents a 3.3% increase over the same period of last year.

*Source: AETOSWire

Dubai Electricity and Water Authority
Khuloud Al Ali, +971563974965
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KANSAS CITY, Mo.--(BUSINESS WIRE)--$CORR--CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA) ("CorEnergy" or the "Company") today announced financial results for the third quarter, ended September 30, 2022.

Third Quarter 2022 and Recent Highlights

• Reported Total Revenue of $33.0 million for the three months ended September 30, 2022.
• Generated Net Loss of $15.5 million, inclusive of a $16.2 million impairment to goodwill, and Adjusted EBITDA (a non-GAAP financial measure) of $8.9 million.
• Transported an average of 164,748 barrels per day, versus 159,202 barrels per day the previous quarter.
• Began collecting rate increases at two Crimson subsidiaries.
• Declared a third quarter 2022 Common Stock dividend of $0.05 per share and a 7.375% Series A Cumulative Redeemable Preferred Stock dividend of $0.4609375 per depositary share. Both dividends will be paid on November 30, 2022, to stockholders of record on November 16, 2022.

Management Commentary

“Our third quarter was characterized by steady performance from our predictable MoGas and Omega natural gas operations, where we are also evaluating expansion opportunities. We also reported improved volume on our Crimson assets as we continue to manage through disruptions in the global oil supply chain and operational issues with third-party infrastructure. We have initiated both cost efficiency measures and tariff increases on our California pipelines in response to this increased volatility, while maintaining our 2022 outlook calling for adjusted EBITDA of between $42.0 and $44.0 million,” said Dave Schulte, Chief Executive Officer.

“We are also advancing our work in the new carbon capture and sequestration market, where our California assets are well positioned as a critical linkage between large carbon emission sources and attractive storage reservoirs. CCS has emerged as a particular focus in California due to the California Air Resources Board making it a central pillar in its aggressive greenhouse gas reduction plans and economic incentives from government entities at both the federal and state levels that may be the best in the nation.”

Third Quarter Performance Summary

Third quarter financial highlights are as follows:

¹ Non-GAAP financial measure. Adjusted Net Income excludes special items of $405 thousand, which are transaction costs; however, CAD has not been so adjusted. Reconciliations of Adjusted Net Income and CAD, as presented, to Net Loss and Net Cash Provided by Operating Activities are included at the end of this press release. See Note 1 below for additional information.

² Non-GAAP financial measure. Adjusted EBITDA excludes special items of $405 thousand, which are transaction costs. Reconciliation of Adjusted EBITDA, as presented, to Net Loss is included at the end of this press release. See Note 2 below for additional information.

Crimson Rate Increases

During the third quarter, Crimson filed for a tariff increase of 34.9% on its Southern California pipeline system and 10% on its KLM pipeline. Both of these tariff filings were protested by shippers and are proceeding through the CPUC process with resolution expected in second half of 2023. The Company commenced collecting a 10% tariff increase on both systems after filing, subject to refund, as allowed by the CPUC rules. The Company plans to file and begin collecting an additional 10% increase on its Southern California pipeline system in August 2023, for a total effective increase of 21%, which represents the anniversary date of the original filing for that system, assuming the rate case has not been resolved by that time. CorEnergy believes Crimson's cost-of-service fully justifies both requested increases.

Crimson filed for a Tariff increase of 10% increase on its SPB system, but withdrew it due to increased volumes and general volume variability on that line. The Company will continuously monitor its cost-of-service and will file a rate increase on this system if conditions warrant.

Business Development Activities

CorEnergy continues to seek opportunities for negotiated transactions that could expand the Company's market reach or REIT-qualifying revenue sources, including both traditional infrastructure and potential alternative uses for its rights of way. The Company intends to continue to prudently advance these opportunities within our existing footprint or to enhance scale and diversification; however there can be no assurances that any such opportunities will be consummated on terms that are acceptable or advantageous or at all.

Outlook

CorEnergy is maintaining its outlook for 2022:

• Expected Adjusted EBITDA of $42.0-$44.0 million, (see Note 2 below for additional details);
• Maintenance capital expenditures expected to be in the range of $8.0 million to $9.0 million in 2022 (quarterly maintenance costs are not expected to be uniform throughout the year due to project timing); and
• The Company will continue to evaluate dividends, subject to Board approval, on a quarterly basis in line with current practices.

Dividend and Distribution Declarations

The Company currently expects to characterize at least some portion of its 2022 Common Stock and Preferred Stock dividends as Return of Capital for tax purposes.

Common Stock: A third quarter 2022 dividend of $0.05 per share was declared for CorEnergy's common stock. The dividend will be paid on November 30, 2022, to stockholders of record on November 16, 2022.

Preferred Stock: For the Company's 7.375% Series A Cumulative Redeemable Preferred Stock, a cash dividend of $0.4609375 per depositary share was declared for the third quarter. The preferred stock dividend, which equates to an annual dividend payment of $1.84375 per depositary share, will be paid on November 30, 2022, to stockholders of record on November 16, 2022.

Class A-1 Units: Pursuant to the terms of the Crimson transaction, the holders of Crimson Class A-1 Units will receive a cash distribution of $0.4609375 per unit for the third quarter based on the Company’s declared Series A Preferred dividend for the quarter.

Class A-2 and Class A-3 Units: Pursuant to the terms of the Crimson transaction, the holders of Crimson Class A-2 and Class A-3 Units will not receive a cash distribution for the third quarter, because no dividend was declared on the underlying Class B Common Stock for the quarter.

Third Quarter Results Call

CorEnergy will host a conference call on Thursday, November 10, 2022 at 10:00 a.m. Central Time to discuss its financial results. The call may also include discussion of Company developments, and forward-looking and other material information about business and financial matters. To join the call, dial +1-973-528-0016 and provide access code 977524 at least five minutes prior to the scheduled start time. The call will also be webcast in a listen-only format. A link to the webcast will be accessible at corenergy.reit.

A replay of the call will be available until 10:00 a.m. Central Time on December 9, 2022, by dialing +1-919-882-2331. The Conference ID is 46842. A webcast replay of the conference call will also be available on the Company’s website, corenergy.reit.

About CorEnergy Infrastructure Trust, Inc.

CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA) is a real estate investment trust that owns and operates or leases regulated natural gas transmission and distribution lines and crude oil gathering, storage and transmission pipelines and associated rights-of-way. For more information, please visit corenergy.reit.

Forward-Looking Statements

With the exception of historical information, certain statements contained in this press release may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, such as those pertaining to our guidance, pursuit of growth opportunities, anticipated transportation volumes, expected rate increases, planned capital expenditures, planned dividend payment levels, capital resources and liquidity, and results of operations and financial condition. You can identify forward-looking statements by use of words such as "will," "may," "should," "could," "believes," "expects," "anticipates," "estimates," "intends," "projects," "goals," "objectives," "targets," "predicts," "plans," "seeks," or similar expressions or other comparable terms or discussions of strategy, plans or intentions. Although CorEnergy believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including, among others, changes in economic and business conditions; a decline in oil production levels; competitive and regulatory pressures; failure to realize the anticipated benefits of the Crimson transaction; the risk that CPUC approval is not obtained, is delayed or is subject to unanticipated conditions that could adversely affect CorEnergy or the expected benefits of the Crimson transaction; risks related to the uncertainty of the projected financial information with respect to Crimson; compliance with environmental, safety and other laws; our continued ability to access debt and equity markets and comply with existing debt covenants; risks associated with climate change; risks associated with changes in tax laws and our ability to continue to qualify as a REIT; and other factors discussed in CorEnergy’s reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, CorEnergy does not assume a duty to update any forward-looking statement. In particular, any dividends paid in the future to our stockholders will depend on the actual performance of CorEnergy, its costs of leverage and other operating expenses and will be subject to the approval of CorEnergy’s Board of Directors and compliance with leverage covenants and other applicable requirements.

Notes

¹ Management uses Adjusted Net Income as a measure of profitability and CAD as a measure of long-term sustainable performance. Adjusted Net Income and CAD are non-GAAP measures. Adjusted Net Income represents net income (loss) adjusted for loss on goodwill impairment, transaction-related costs, and gain on sale of equipment. CAD represents Adjusted Net Income adjusted for depreciation, amortization and ARO accretion (cash flows), stock-based compensation, and deferred tax expense less transaction-related costs, maintenance capital expenditures, preferred dividend requirements, and mandatory debt amortization. Reconciliations of Adjusted Net Income and CAD to Net Income (Loss) and Net Cash Provided By Operating Activities, the most directly comparable corresponding GAAP measures, are included in the additional financial information attached to this press release.

² Management uses Adjusted EBITDA as a measure of operating performance. Adjusted EBITDA represents net income (loss) adjusted for items such as loss on impairment of goodwill, transaction-related costs, depreciation, amortization and ARO accretion expense, stock-based compensation, income tax expense, interest expense and gain on the sale of equipment. The reconciliation of Adjusted EBITDA to Net Income (Loss), the most directly comparable GAAP measure, is included in the additional financial information attached to this press release. Future period non-GAAP guidance includes adjustments for special items not indicative of our core operations, which may include, without limitation, items included in the additional financial information attached to this press release. Such adjustments may be affected by changes in ongoing assumptions and judgments, as well as nonrecurring, unusual or unanticipated charges, expenses or gains or other items that may not directly correlate to the underlying performance of our business operations. The exact amounts of these adjustments are not currently determinable but may be significant. It is therefore not practicable to provide the comparable GAAP measures or reconcile this future period non-GAAP guidance to the most comparable GAAP measures.

Non-GAAP Financial Measurements (Unaudited)

The following table presents a reconciliation of Net Income (Loss), as reported in the Consolidated Statements of Operations, to Adjusted Net Income and CAD:

The following table reconciles net cash provided by operating activities, as reported in the Consolidated Statements of Cash Flows to CAD:

CorEnergy Infrastructure Trust, Inc.
Investor Relations
Debbie Hagen or Matt Kreps
877-699-CORR (2677)
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Carrier promotes safety by teaming up with The National Sleep Foundation

GREEN BAY, Wis.--(BUSINESS WIRE)--Schneider (NYSE: SNDR), a premier multimodal provider of transportation, intermodal and logistics services, is proud to announce the company will be an official sponsor of the National Sleep Foundation’s Drowsy Driving Prevention Week®.

The 15th annual Drowsy Driving Prevention Week kicked off this week, days after most Americans turned their clocks back an hour, disrupting their sleep schedules.

Schneider is an industry leader in safety, with a commitment to safety first and always. The company is focused on providing its drivers with the training and information to do their job safely, protecting themselves and the motoring public.

“Anyone getting behind the wheel has a responsibility to those around them to be alert and focused. Drowsy Driving Prevention Week reminds everyone to get the sleep they need, especially before driving,” said Schneider Vice President of Safety, Driver Training and Compliance Tom DiSalvi. “Getting proper sleep is of the utmost importance before driving.”

The National Sleep Foundation recommends 7-9 hours of sleep per night for most adults, especially the night before hitting the road.

“By getting the sleep you need you can help keep yourself and others safe on the road,” said DiSalvi.

This year’s campaign theme Sleep First, Drive Alert emphasizes the National Sleep Foundation’s goal to have every driver get the proper amount of sleep before they get behind the wheel of a vehicle.

For over 30 years, the National Sleep Foundation, a nonprofit organization, has been the voice of sleep health for the public – educating people about the importance of sleep and its effect on overall health and well-being.

Healthy sleep starts with being your Best Slept Self, so check out the Best Slept Self resource on the National Sleep Foundation’s website – go to theNSF.com to learn about the small steps you can take each day and night to have a positive impact on your sleep.

To learn more about Schneider’s commitments to safety and wellness across the industry, visit: https://schneider.com/company/corporate-responsibility/safety.

About Schneider

Schneider is a premier provider of transportation, intermodal and logistics services. Offering one of the broadest portfolios in the industry, Schneider’s solutions include Regional and Long-Haul Truckload, Expedited, Dedicated, Bulk, Intermodal, Brokerage, Warehousing, Supply Chain Management, Port Logistics and Logistics Consulting.

With nearly $5.6 billion in annual revenue, Schneider has been safely delivering superior customer experiences and investing in innovation for over 85 years. The company’s digital marketplace, Schneider FreightPower®, is revolutionizing the industry giving shippers access to an expanded, highly flexible capacity network and provides carriers with unmatched access to quality drop-and-hook freight – Always Delivering, Always Ahead.

For more information about Schneider, visit Schneider.com or follow the company socially on Facebook, LinkedIn and Twitter: @WeAreSchneider.

Kara Leiterman, Media Relations Manager
M 920-370-7188
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Exeger’s Powerfoyle solar harvesting cell technology combined with Semtech’s LoRa Edge platform enable more efficient and sustainable IoT tracking applications.

CAMARILLO, Calif.--(BUSINESS WIRE)--#InternetofThings--Semtech Corporation (Nasdaq: SMTC), a leading global supplier of high performance analog and mixed-signal semiconductors and advanced algorithms, announces its collaboration with Exeger, a Swedish deep-tech company manufacturing fully customizable solar cells. Combining Semtech’s LoRa Edge™ asset management platform with Exeger’s Powerfoyle solar cell technology significantly extends the battery life of asset tracking and environmental sensing devices.

Semtech’s LoRa Edge scans GNSS satellites as well as Wi-Fi SSIDs and partitions the processing between IoT devices and the LoRa Cloud™ to determine location. The Cloud-based solver significantly reduces power consumption and increases battery life. Exeger’s Powerfoyle is uniquely flexible and durable and can be integrated seamlessly into any electronics device. The solar cell technology converts all forms of light to charge and power devices with clean, endless energy.

“Coupling the benefits of Powerfoyle with the ultra-low power capabilities of Semtech’s LoRa® devices will provide IoT applications with an extended or even unlimited battery life,” said Dr. Oscar Hemberg, chief product integration officer at Exeger. “Together, we move one step closer to energy independence through more sustainable products powered with clean, endless energy.”

The patented Powerfoyle material integrates into IoT sensors with Semtech’s LoRa Edge chip-to-Cloud platform with the goal to create a new standard for environmentally friendly platforms for the IoT industry. Combining both technologies is expected to spur a world of new solar-powered tracking applications for geolocation use cases, including indoor and outdoor asset tracking, global supply chain logistics, agriculture, smart utilities, and smart cities.

“LoRa devices enable smart IoT applications that help solve some of the biggest challenges facing our planet,” said Marc Pégulu, vice president and general manager for Semtech’s Wireless and Sensing Products Group. “Semtech and Exeger’s collaboration will enable manufacturers to develop IoT devices leveraging new energy harvesting technology for a smarter and more sustainable future.”

New IoT asset trackers will be showcased at EdgeTech+ 2022, Nov. 16 – 18, 2022, in Yokahama, Japan, in the LoRa Pavilion, booth A-H04. Register to attend the show here.

To learn more about Exeger’s Powerfoyle, please visit here.

Further information on Semtech’s LoRa Edge platform can be found here.

About Semtech’s LoRa® Platform

Semtech’s LoRa chip-to-Cloud platform is a globally adopted long range, low power solution for IoT applications, enabling the rapid development and deployment of long range, ultra-low power and cost efficient IoT networks, gateways, sensors, module products, and IoT services worldwide. Semtech’s LoRa technology provides the communication layer for the LoRaWAN® standard, which is maintained by the LoRa Alliance®, an open IoT alliance for Low Power Wide Area Network (LPWAN) applications that has been used to deploy IoT networks in over 173 countries. Semtech is a founding member of the LoRa Alliance and produces the “The WAN Network Show” podcast to connect massive IoT end users to operators of LoRaWAN networks around the world. With the proliferation of LoRa devices and the LoRaWAN standard, the LoRa Developer Portal is a technical support platform for IoT innovators to learn, connect, collaborate, and find resources to help accelerate product development efforts and expedite time to market. To learn more about how LoRa enables IoT and creates a more sustainable and smarter planet, visit Semtech’s LoRa site.

About Exeger

Exeger is a Swedish company with a unique solar cell technology that converts all forms of light into electrical energy. This material, Powerfoyle, is the world’s only fully customizable solar cell. With its superior design properties, it can be integrated seamlessly into any electronic device. Powerfoyle enhances every product it is integrated into with extended or even unlimited battery life, putting the power of cutting-edge solar cell technology directly in the hands of people. Exeger is leading the way to energy independence through more sustainable and user-friendly products – with the vision to touch the lives of a billion people by 2030. For more information, visit www.exeger.com and www.powerfoyle.com.

About Semtech

Semtech Corporation is a leading global supplier of high performance analog and mixed-signal semiconductors and advanced algorithms for infrastructure, high-end consumer and industrial equipment. Products are designed to benefit the engineering community as well as the global community. The Company is dedicated to reducing the impact it, and its products, have on the environment. Internal green programs seek to reduce waste through material and manufacturing control, use of green technology and designing for resource reduction. Publicly traded since 1967, Semtech is listed on the NASDAQ Global Select Market under the symbol SMTC. For more information, visit www.semtech.com.

Forward-Looking and Cautionary Statements

All statements contained herein that are not statements of historical fact, including statements that use the words “will,” “goal to,” “expected to,” “designed to” or other similar words or expressions, that describe Semtech Corporation’s or its management’s future plans, objectives or goals are “forward-looking statements” and are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of Semtech Corporation to be materially different from the historical results and/or from any future results or outcomes expressed or implied by such forward-looking statements. Such factors include, but are not limited to: the uncertainty surrounding the impact and duration of supply chain constraints and any associated disruptions; the uncertainty surrounding the impact and duration of the COVID-19 pandemic; export restrictions and laws affecting Semtech Corporation’s trade and investments including with respect to Huawei and certain of its affiliates and other entities identified by the U.S. government, and tariffs or the occurrence of trade wars; worldwide economic and political disruptions as a result of the current conflict between Russia and Ukraine; competitive changes in the marketplace including, but not limited to, the pace of growth or adoption rates of applicable products or technologies; downturns in the business cycle; and the additional risk factors set forth in Semtech Corporation’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (www.sec.gov) on March 16, 2022 as such risk factors may be updated, amended or superseded from time to time by subsequent reports that Semtech Corporation files with the Securities and Exchange Commission. Semtech Corporation assumes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release, except as required by law.

Semtech, the Semtech logo and LoRa are registered trademarks or service marks, and LoRa Edge and LoRa Cloud, are trademarks or service marks, of Semtech Corporation or its affiliates.

SMTC-P

Tam Nguyen
Semtech Corporation
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NEW YORK & CHARLOTTE, N.C.--(BUSINESS WIRE)--ClearGen LLC, a portfolio company of Blackstone Credit’s Sustainable Resources Platform, announced an investment in a portfolio of partnership interests in 25 wind farms totaling 1.4 net GW of existing generation capacity throughout the United States. The Sustainable Investing Group within Goldman Sachs’ Asset Management (Goldman Sachs) provided tax equity to ClearGen to support the acquisition of the interests from MUFG.

“ClearGen is excited to provide a unique solution to MUFG by utilizing Blackstone Credit’s efficient cost of capital and the partnership with Goldman,” said Rob Howard, ClearGen’s CEO. “The transaction adds significant scale to our portfolio of diversified, contracted renewable energy holdings.”

“Goldman Sachs is pleased to partner with ClearGen and the Blackstone Credit team on the acquisition of MUFG’s wind portfolio,” said Vikas Agrawal, Managing Director, Goldman Sachs. “Goldman has been an investor in renewable energy projects for almost two decades and is excited to have the opportunity to substantially increase its commitment to the renewable energy sector through this investment.”

MUFG was represented by CCA Capital LLC, and ClearGen and Goldman Sachs were represented by CohnReznick Capital. As part of the transaction, Bank of America, Crédit Agricole Corporate and Investment Bank and Societe Generale provided financing to ClearGen. Legal representation included Mayer Brown for ClearGen, O’Melveny & Meyers for Goldman Sachs and Milbank for MUFG and the lenders.

About ClearGen

ClearGen is empowering the transition to a more sustainable energy future. In partnership with Blackstone, ClearGen works with partners to support the energy transition by offering efficient and reliable capital solutions. By combining smart and flexible financing with unmatched industry expertise, ClearGen will lead the way to a new era of energy outcomes. At ClearGen, we bring capital to projects that deliver results and make the world a cleaner place. Visit www.clear-gen.com to learn more.

About Blackstone Credit and Sustainable Resources Platform

Blackstone Credit is one of the world's largest credit-focused asset managers, with $234 billion in AUM. We seek to generate attractive risk-adjusted returns for our clients by investing across the entire corporate credit market, from public debt to private loans. Our capital supports a wide range of companies across sectors and geographies, enabling businesses to expand, invest, and navigate changing market environments. Blackstone Credit’s Sustainable Resources Platform is focused on investing in and lending to renewable energy companies and those supporting the energy transition and climate change solutions. Blackstone sees an opportunity to invest an estimated $100 billion in energy transition and climate change solutions over the next decade across its businesses.

About Goldman Sachs

Bringing together traditional and alternative investments, Goldman Sachs Asset Management provides clients around the world with a dedicated partnership and focus on long-term performance. As the primary investing area within Goldman Sachs (NYSE: GS), we deliver investment and advisory services for the world’s leading institutions, financial advisors and individuals, drawing from our deeply connected global network and tailored expert insights, across every region and market—overseeing more than $2 trillion in assets under supervision worldwide as of September 30, 2022. Driven by a passion for our clients’ performance, we seek to build long-term relationships based on conviction, sustainable outcomes, and shared success over time.

About MUFG

Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,400 locations in more than 50 countries. The Group has about 170,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to “be the world’s most trusted financial group” through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges. For more information, visit https://www.mufg.jp/english

ClearGen
Rob Howard, Chief Executive Officer
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Goldman Sachs
Avery Reed, Media Relations
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MUFG
Oksana Poltavets, Corporate Communications
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The no-cost service offering connects customers directly to a trusted water emergency cleanup service following a water loss event in their home, speeding up mitigation, repair and significantly reducing damage and costs

PROVO, Utah--(BUSINESS WIRE)--Vivint Smart Home, Inc. (NYSE: VVNT), a leading smart home company, today announced Vivint Repair: Water Sensor Experience. This groundbreaking monitoring service will help significantly lower the costs of water emergencies for both customers and insurers by alerting sensor customers of a leak and enabling connections to a trusted water emergency cleanup service as soon as a water loss event is detected in their home.

The patent-pending, no-cost Water Sensor Experience will be available to Vivint customers in select states with Vivint Water Sensor installed in their homes. Once a water event is detected, Vivint will immediately send an automated email to the customer, notifying them of the water leak and providing them with a link to be connected with a trusted water emergency cleanup service.

“We’re excited to offer our customers access to critical water response services that have the potential to significantly reduce damage and loss costs, especially as speed to recognize and mitigate water damage is essential to reducing losses,” said Ron Davies, Chief Insurance Officer at Vivint. “This offering is the latest in our mission to rethink what traditional smart home protection looks like and leverage our existing technology to lower the risk of at-home emergencies for our customers.”

Vivint’s Water Sensor Experience offering is the latest in the company’s venture into Smart Insurance as it works to re-define protection for homeowners. Water damage is the number one cause of household loss, ​​impacting thousands of people per day, with the average home insurance claim for water damage costing over $11,000. Historically, insurance companies have found out about water claims after emergency mitigation activities occur and have had no influence on who homeowners engage with to assess and repair water damage. Providing homeowners with early guidance and a pathway for quick response by pre-vetted cleanup services significantly lowers the severity of loss and level of risk that is being transferred to an insurance company.

“We’re proud to continue to set the standard for what a smart home should be. Our smart home devices are unique as they not only notify people when an emergency may be occurring, they take additional steps to protect and prevent further damage,” said David Bywater, CEO at Vivint. “Vivint’s water emergency response service builds on this standard and takes our mission of protecting our customers one step further by helping them better prepare and respond to at-home emergencies.”

The service is now operational for existing Vivint customers in four states today including Texas, Louisiana, Georgia and Florida, and the company has plans to expand the service in the coming year.

About Vivint Smart Home

Vivint is a leading smart home company in the United States, delivering an integrated smart home system with in-home consultation, professional installation and support delivered by its Smart Home Pros, as well as 24-7 customer care and monitoring. Dedicated to redefining the home experience with intelligent products and services, Vivint serves over 1.9 million customers. For more information, visit https://www.vivint.com.

Note on Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, including statements regarding, among other things, the Company’s plans, strategies and prospects, both business and financial, including without limitation statements regarding, among other things, the Company’s plans and strategies around Smart Insurance, and the technical effectiveness and financial benefits to customers of the Water Emergency Mitigation Service. Generally, statements that are not historical facts, including statements concerning the Company’s possible or assumed future actions, business strategies, events or results of operations, are forward-looking statements. These statements may be preceded by, followed by or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates” or “intends” or similar expressions. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Forward-looking statements should not be read as a guarantee of future performance or results, and they will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. These statements are based on current expectations and assumptions regarding future events and business performance as of the date of this press release, and they are subject to risks and uncertainties, including to those discussed in "Risk Factors" and elsewhere in the Company's most recent Annual Report on Form 10-K for the year ended December 31, 2021, which was filed on March 1, 2022, as such factors may be updated from time to time in the Company’s periodic filings with the SEC, that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Although Vivint Smart Home believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee that the future results, levels of activity, performance or events and circumstances reflected in those statements will be achieved or will occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements. Except as required by law, Vivint Smart Home does not undertake and expressly disclaims any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise. You should read the documents Vivint Smart Home has filed with the SEC, including the Form 10-K/A and the Company’s other periodic filings, for more complete information about Vivint Smart Home. These documents are available on both the EDGAR section of the SEC's website at www.sec.gov and the Investor Relations section of Vivint’s website at www.vivint.com.

Heidi Mendez
Vivint Public Relations
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To jumpstart the holiday shopping season, Sendle is alleviating shipping sticker shock with this loonie deal, helping Canadian small businesses drive more sales during their busiest time of year

TORONTO--(BUSINESS WIRE)--#BCorp--Sendle, Canada’s first 100% carbon-neutral, national shipping carrier and a Certified B Corporation, today launched a shipping promotion that enables small business customers to ship Black Friday and Cyber Monday parcels for $1. The offer aims to offset the high cost of shipping that leads nearly two-thirds of Canadians to abandon their online shopping carts at checkout. It also helps small businesses keep more of their hard-earned money. With record-setting inflation and ongoing pandemic recovery, small businesses simply can’t afford to continue paying unfair shipping rates—or pass those costs along to their customers.

“Black Friday marks the start of what is traditionally the busiest time of year for small businesses, and we want our customers to win big this season,” says Lauren Helstab, Sendle’s country manager for Canada. “With consumer expectations for free shipping at an all-time high, $1 shipping helps small businesses take on the retail giants and drive even more sales during this critical holiday shopping period. As a result, Sendle customers can retain more of their earnings and grow their business.”

Sendle debuted in Canada earlier this fall. Its mission is to level the playing field for small businesses to compete with bigger retailers by bringing more choice and competition to the Canadian shipping industry. With flat-fee shipping rates that are up to 88% lower than Canada Post, Sendle makes parcel delivery more affordable for Canadian small businesses and consumers alike. Sendle offers free pickups with no hidden fees, subscriptions, or minimums required, and provides customers with direct access to its world-class support team.

Moreover, Sendle taps existing shipping providers and fills their vehicles to make every trip as efficient as possible, reducing the environmental impact of shipping. The company, which has been 100% carbon neutral since its founding, then purchases carbon offsets for every single package it sends.

To qualify for the promotion, customers must book one shipment with Sendle on or before November 18. The offer is valid from 12:01 am ET on November 25, 2022 through 11:59 pm ET on November 30, 2022. Both existing and new Sendle customers everywhere in Canada (except Quebec) can sign up at no cost.

About Sendle

Sendle is the first shipping carrier specifically designed to serve the needs of small eCommerce businesses. Sendle levels the playing field for small businesses by offering affordable, flat-rate shipping, with no hidden fees, subscriptions, or warehousing required. Merchants simply purchase a label and schedule a pickup from Sendle, and their package is picked up from their front door. Sendle is the first 100% carbon neutral shipping carrier in Australia, the US, and Canada, and a Certified B Corporation. The company was launched in Australia in 2014 and has headquarters in Sydney, Australia, Seattle, Washington, and Toronto, Canada.

Note to Media

Sendle images and b-roll are available for download through Google Drive.

Media
Tonja Aldis
Boulevard Public Relations (for Sendle)
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ShippingEasy will offset merchants’ shipping emissions by funding sustainable energy sources, in partnership with South Pole

AUSTIN, Texas--(BUSINESS WIRE)--ShippingEasy, the easy-to-use, cloud-based shipping, tracking, and customer marketing platform for ecommerce sellers, today announced a landmark sustainability initiative, The Greenest Way to Ship. Through the initiative, developed in partnership with South Pole, a leading global climate solutions provider and carbon project developer, ShippingEasy will cover the cost for merchants using its discounted shipping rates to offset the carbon emissions of packages shipped during the holidays.

Globally, 56% of consumers reported that they would accept a longer delivery time to make their online deliveries more sustainable*. With The Greenest Way to Ship, ShippingEasy merchants can promote the sustainability consumers want without sacrificing delivery speed.

“At ShippingEasy, our goal is to help merchants successfully start and run their ecommerce businesses. I’m very proud to share that now we can also help merchants go carbon-neutral during their busiest season,” said Chris Vaughn, General Manager of ShippingEasy. “We value sustainability at ShippingEasy, and are proud to offer this value as an embedded feature to our merchants and their end customers.”

ShippingEasy has partnered with South Pole to power The Greenest Way to Ship. Since South Pole’s creation in 2006, the company has developed nearly 1,000 projects in over 50 countries to reduce CO₂ emissions.

For each shipment placed through The Greenest Way to Ship, ShippingEasy will calculate its carbon impact based on the distance the shipment will travel and its mode of transportation. Then, ShippingEasy will purchase a corresponding carbon offset from The Dempsey Ridge Project, a zero emissions, grid-connected, wind energy source in Oklahoma.

The Greenest Way to Ship is available directly in the ShippingEasy app today, and will run through the duration of peak holiday season (through January 12, 2023). Merchants that are already accessing ShippingEasy's discounted rates don’t need to take any action to enroll in The Greenest Way to Ship, and new users can join at any time. Merchants leveraging The Greenest Way to Ship also get access to badges, logos, and social assets to promote their sustainability efforts to customers.

For more information, and to access The Greenest Way to Ship, please visit the initiative landing page here.

*Metapack Benchmark Report, 2022

About ShippingEasy

ShippingEasy is the easy-to-use online shipping platform for growing businesses. With ShippingEasy, merchants can access discounted shipping rates, automate shipping, and focus on building their businesses. Robust integrations with all leading online channels allow merchants to manage orders, shipments, and customers from everywhere they sell. With an award-winning support team in Austin, Texas, ShippingEasy helps tens of thousands of small businesses grow by simplifying their shipping, saving time and money, and creating repeat business. ShippingEasy is a member of the Auctane family of companies and is headquartered in Austin, TX. Auctane brands include ShipStation, Stamps.com, Packlink, ShippingEasy, ShipWorks, ShipEngine, Endicia, Shipsi, GlobalPost, and Metapack, with offices in El Segundo, Austin, London, Madrid, Sunnyvale, Zielona Gora, and Atlanta. To learn more, visit https://shippingeasy.com/.

Company Contact
Auctane
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https://auctane.com/

NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) announced today that John Hess, Chief Executive Officer, will provide a keynote presentation at the Bank of America Securities 2022 Global Energy Conference on November 17, 2022 at 7:45 a.m. Eastern Time.

A live webcast and a replay of the presentation will be accessible via Hess Corporation’s website.

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 https://www.hess.com/.

Cautionary Statements

This presentation will contain projections and other forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These projections and statements reflect the company’s current views with respect to future events and financial performance. No assurances can be given, however, that these events will occur or that these projections will be achieved, and actual results could differ materially from those projected as a result of certain risk factors. A discussion of these risk factors is included in the company’s periodic reports filed with the Securities and Exchange Commission.

Investor contact:
Jay Wilson
(212) 536-8940
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Media contact:
Lorrie Hecker
(212) 536-8250
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BATAVIA, N.Y.--(BUSINESS WIRE)--Graham Corporation (NYSE: GHM), a global leader in the design and manufacture of mission critical fluid, power, heat transfer and vacuum technologies for the defense, space, energy and process industries, announced that Daniel J. Thoren, President and Chief Executive Officer and Christopher J. Thome, Vice President - Finance and Chief Financial Officer, will present and be available for investor meetings at the Southwest IDEAS Conference on Thursday, November 17, 2022.

The Graham presentation is scheduled to begin at 1:30 p.m. Central Time. A link to the live webcast of the presentation, is available through the conference website at Southwest IDEAS Conference webcast and at Graham Corporation Investor Relations along with presentation materials. A replay of the webcast will be available for 90 days.

ABOUT GRAHAM CORPORATION
Graham is a global leader in the design and manufacture of mission critical fluid, power, heat transfer and vacuum technologies for the defense, space, energy and process industries. The Graham Manufacturing and Barber-Nichols’ global brands are built upon world-renowned engineering expertise in vacuum and heat transfer, cryogenic pumps and turbomachinery technologies, as well as its responsive and flexible service and the unsurpassed quality customers have come to expect from the Company’s products and systems.

Graham routinely posts news and other important information on its website, www.grahamcorp.com, where additional information on Graham Corporation and its businesses can be found.

Christopher J. Thome
Vice President - Finance and CFO
Phone: (585) 343-2216

Deborah K. Pawlowski
Kei Advisors LLC
Phone: (716) 843-3908
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Super Post Panamax cranes will increase productivity by 30 percent, Reduce carbon footprint by 11 percent

LIRQUÉN, Chile--(BUSINESS WIRE)--With global interest in sustainability rising across the consumer and industrial supply chain, DP World, a leading global end-to-end logistics solutions provider, today inaugurated two state-of-the-art Super Post Panamax (STS) cranes at its Lirquén, Chile terminal. The two new cranes, powered by renewable energy, will help increase port productivity by 30 percent and reduce the operational carbon footprint by 11 percent while accelerating the company’s efficiency and growth at one of the main terminals in the Biobío Region.

Michael Spoerer, general manager of DP World Lirquén, explained, "DP World’s Lirquen terminal is now poised to support additional economic activity through the port, expanding the world’s access to Chilean exports. This investment of nearly US$ 45 million brings two of the most modern cranes in the world to our facility. As demand for goods increases across the region, we now have the capacity to handle the region’s largest vessels in the most sustainable manner."

The new cranes will support DP World’s commitment to a clean energy future. DP World’s operations in Chile, through its terminals DP World Lirquén and DP World San Antonio, recently renewed its certification as the first port operator in South America to use 100 percent renewable energy, confirming the company’s global commitment to be carbon neutral by 2050 and its leadership as a sustainable logistics operator. In addition, the company announced at the United Nations Climate Change Conference (COP27), a $500 million investment to cut carbon emissions by 700,000 tons as part of its commitment to the Green Shipping Challenge.

Spoerer also noted, "This investment confirms DP World's decision to enhance its commercial offer for containers on the West Coast of South America and to be a long-term strategic facilitator of cargo for Chilean importers and exporters. Productivity and efficiency at DP World Lirquén's docks has grown significantly in recent years, thanks to investments, operational redesign and support from our workers, which have translated into benefits for our customers, both in containers, cellulose ships, ships with servicing the clean energy market and transportation."

Curtis Doiron, CEO of DP World’s operations in Chile, added, "Sustainable logistics goes beyond carbon reduction. This project reflects the global nature of DP World’s workforce as the training of the Chilean operators took place at DP World facility in Santos, Brazil, the largest private multimodal terminal in Brazil. Developing the skills of our workforce across South America is critical to our future success."

Editor’s Notes:

• The Super Post Panamax cranes will allow DP World to service ships with up to 22 rows, and are supported by yard equipment such as Reach Stackers and Port Trucks to accompany the increase in productivity at the dock
• The project also includes the addition of modern Optical Character Recognition (OCR) technology, which will speed up the process and improve the Terminal's safety.

For more information please visit www.dpworld.cl.

MEDIA CONTACTS:

María Elena Retamal Contreras
DP World, Chile
C +56975163938
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Patrick MacElroy
DP World, Americas
C: 704-449-5719
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The global law firm’s recent New York office transformation reflects its commitment to people, clients, and the environment

NEW YORK--(BUSINESS WIRE)--Global law firm Shearman & Sterling has completed the transformation of its New York City headquarters at 599 Lexington Avenue. The modernized space is a testament to the firm’s commitment to fostering a more connected, inclusive and engaged global culture. Completed in two short years, the project provides an enhanced client experience that reinforces the firm’s environmental, social and governance goals, and reduces its overall carbon footprint.

Shearman & Sterling elected to redesign the space before the COVID-19 pandemic, intending to create a workplace that anticipated the evolving needs of its growing and diverse talent base, and would continue to support excellence in client service. The 340,000-square-foot space features high-performance technologies, state-of-the-art workspaces, wellness amenities and COVID-19 safety features. The human-centric model illustrates the sustainability aspects of its redesign.

“The redesign of our New York office marks the continuation of what will be a global investment in our firm’s culture and values,” said Kenneth Johnsen, Executive Director and Chief Operating Officer at Shearman & Sterling. “Our people and clients are at the heart of everything we do. We value their well-being above all else, and our newly renovated global headquarters embodies the firm’s human-centric model.”

Integral to the redesign were sustainability, diversity, inclusion, and accessibility features. The Midtown Manhattan space now includes lighting and shade systems powered by recycled Ethernet cables, occupancy sensors, double-insulated glass, and other eco-conscious features. Equally apportioned office spaces, improved boardroom acoustics, artwork created by emerging diverse artists, and wheelchair accessibility throughout the building, reaffirm the firm’s commitment to Diversity & Inclusion.

“Every detail of our 599 Lexington Avenue building was thoughtfully curated with our people, clients and global communities in mind,” said Arsha Cazazian-Clement, Director of Global Real Estate for Shearman & Sterling. “This is a pivotal time in our firm’s history, and we extend our gratitude to the hundreds of dedicated professionals who helped us bring this workplace of the future to life.”

Shearman & Sterling is the first global law firm to participate in WELL Building Standard (WELL) at an enterprise scale, committing its 22 global offices to pursue the WELL rating. The firm’s New York City headquarters is also on track for LEED Gold certification, a globally recognized symbol of sustainability achievement and leadership. The firm partnered with construction management firm L&K Partners, global architectural firm Perkins&Will, and an MEP engineering consulting firm, JFK&M, for the renovation of its New York office.

About Shearman & Sterling

Shearman & Sterling is a global law firm that partners with corporations, major financial institutions, emerging growth companies, governments, and state-owned enterprises to provide the legal and industry insight needed to navigate the challenges of today and achieve their ambitions of tomorrow. Our lawyers come from some 60 countries and speak more than 60 languages. For more information, visit www.shearman.com.

Christina Karkafi
Senior Specialist, Communications
Shearman & Sterling
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+1.917.660.3741

Modernized Mobile Workforce Management Platform to be Implemented by Infosys Will Optimize Customer-Facing Field Operations

SUNNYVALE, Calif.--(BUSINESS WIRE)--#customerservice--KloudGin, Inc., the leading provider of AI cloud-based field service, work and asset management solutions, has contracted with Citizens Energy Group to provide next generation mobile field service and work management solutions for their natural gas, thermal energy, water, and wastewater services.

KloudGin’s Field Service Management platform will provide Citizens Energy Group with enterprise-wide integration of work orders, inventory and CIS functions across their entire range of services.

“KloudGin’s SaaS Field Service Management solution is easy for our employees to use and provides strong functionality. The modern, cloud-native and mobile-first platform running on AWS creates a digital foundation for the utility of the future. KloudGin’s architecture allows us to integrate with our on-premise systems and with our cloud applications, providing the foundation for a great customer experience,” said Curtis Popp, VP Customer Operations of Citizens Energy Group. “Infosys issued a strong RFP response on the implementation, coupled with their existing implementation knowledge of our Customer Care & Billing solution. We are pleased to work with the Infosys and KloudGin team to improve our customer & employee experience.”

“KloudGin is honored to be part of Citizens Energy Group’s digital transformation program. As utilities transform to more efficiently manage their resources, leveraging modern cloud technology and AI models are key to success. The ability to access these systems anytime, anywhere, is a key benefit to improving productivity and the retention of their field workers and providing a modern customer experience,” said Vikram Takru, KloudGin Co-founder & CEO.

Infosys, a global leader in next-generation digital services and consulting, will team up with KloudGin to deploy the mobile field service solution at Citizens Energy Group.

“With the increased demand for digital transformation by utilities, we’re proud to team globally with KloudGin to bring modern systems to market quickly, efficiently and to deliver customer, worker and utility-wide value,“ said Ashiss Kumar Dash, Infosys EVP and Segment Head of Services, Utilities, Resources, Energy. “Providing a single, cohesive platform for all key field service and asset management operations is a proven formula for increasing operational efficiency and better connecting with customers in the highly competitive utility services arena.”

About Citizens Energy Group

In 1887, Indianapolis civic leaders came up with the idea of operating a natural gas company as a Public Charitable Trust, solely for the benefit of customers and the community. Today, this Trust lives on as Citizens Energy Group, a broad-based utility service company, providing natural gas, thermal energy, water, and wastewater services to about 800,000 people and thousands of businesses in the Indianapolis area. At Citizens, our vision is to fulfill the promise of the Trust to serve our customers and communities with unparalleled excellence and integrity. Visit www.citizensenergygroup.com

About KloudGin

KloudGin is the only SaaS single-platform, cloud-based field service, work and asset management solution that eliminates silos, automates work management processes, enables customer self-service, and increases worker productivity. KloudGin applications help operations develop new revenue streams and business models. Serving companies with complex asset management and field service requirements, KloudGin connects customers, employees, sub-contractors and assets with AI-powered access to information on any device, anywhere. Visit www.kloudgin.com.

About Infosys

Infosys is a global leader in next-generation digital services and consulting. Over 300,000 of our people work to amplify human potential and create the next opportunity for people, businesses, and communities. With over four decades of experience in managing the systems and workings of global enterprises, we expertly steer clients, in more than 50 countries, as they navigate their digital transformation powered by the cloud. We enable them with an AI-powered core, empower the business with agile digital at scale and drive continuous improvement with always-on learning through the transfer of digital skills, expertise, and ideas from our innovation ecosystem. We are deeply committed to being a well-governed, environmentally sustainable organization where diverse talent thrives in an inclusive workplace. Visit www.infosys.com to see how Infosys (NSE, BSE, NYSE: INFY) can help your enterprise navigate your next.

Tanya Stricker, VP of Marketing, KloudGin
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1-877-256-8303

Infosys
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