HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) and QatarEnergy today announced the signing of two agreements to supply long-term liquefied natural gas (LNG) to Germany. The suppliers are joint venture companies established between ConocoPhillips and QatarEnergy to participate in the North Field East (NFE) and North Field South (NFS) projects, and the buyer is a wholly owned subsidiary of ConocoPhillips. First delivery is expected in 2026 to the recently announced German LNG Terminal at Brunsbüttel.
His Excellency Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, and President and CEO of QatarEnergy, and Ryan Lance, chairman and chief executive officer of ConocoPhillips, signed the LNG sale and purchase agreements during a special ceremony held at QatarEnergy’s headquarters in Doha in the presence of senior executives from both companies.
“QatarEnergy and ConocoPhillips are excited for the opportunity to responsibly and securely supply world markets with LNG from the Qatari expansion projects,” said Ryan Lance. “These agreements will provide an attractive LNG offtake solution for our new joint ventures with QatarEnergy and position the joint ventures as reliable sources of LNG supply into Europe.”
“This is the culmination of efforts between two trusted partners, QatarEnergy and ConocoPhillips, over many years, to provide reliable and credible LNG supply solutions to customers across the globe, and today, to German end-consumers,” said His Excellency Minister Al-Kaabi. “Germany is the largest gas market in Europe, with significant demand in the industrial, power, and household sectors, and we are committed to contribute to the energy security of Germany and Europe at large.”
Through its joint ventures with QatarEnergy, ConocoPhillips holds a 3.125% interest in the NFE project and a 6.25% interest in the NFS project. The company has agreed to terminal services for a 15-year period at the German LNG Terminal.
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About ConocoPhillips
ConocoPhillips is one of the world’s leading exploration and production companies based on both production and reserves, with a globally diversified asset portfolio. Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 13 countries, $95 billion of total assets and approximately 9,400 employees at September 30, 2022. Production averaged 1,731 MBOED for the nine months ended September 30, 2022, and proved reserves were 6.1 BBOE as of Dec. 31, 2021. For more information, go to www.conocophillips.com.
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This news release contains forward-looking statements as defined under the federal securities laws. Forward-looking statements relate to future events, plans and anticipated results of operations, business strategies, and other aspects of our operations or operating results. Words and phrases such as “anticipate," “estimate,” “believe,” “budget,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict," “seek,” “should,” “will,” “would,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target” and other similar words can be used to identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Where, in any forward-looking statement, the company expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees of future performance and involve certain risks, uncertainties and other factors beyond our control. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in the forward-looking statements. Factors that could cause actual results or events to differ materially from what is presented include the impact of public health crises, including pandemics (such as COVID-19) and epidemics and any related company or government policies or actions; global and regional changes in the demand, supply, prices, differentials or other market conditions affecting oil and gas, including changes resulting from any ongoing military conflict, including the conflict between Russia and Ukraine and the global response to it, security threats on facilities and infrastructure, or from a public health crisis or from the imposition or lifting of crude oil production quotas or other actions that might be imposed by OPEC and other producing countries and the resulting company or third-party actions in response to such changes; changes in commodity prices, including a prolonged decline in these prices relative to historical or future expected levels; insufficient liquidity or other factors, such as those listed herein, that could impact our ability to repurchase shares and declare and pay dividends such that we suspend our share repurchase program and reduce, suspend, or totally eliminate dividend payments in the future, whether variable or fixed; changes in expected levels of oil and gas reserves or production; potential failures or delays in achieving expected reserve or production levels from existing and future oil and gas developments, including due to operating hazards, drilling risks or unsuccessful exploratory activities; unexpected cost increases, inflationary pressures or technical difficulties in constructing, maintaining or modifying company facilities; legislative and regulatory initiatives addressing global climate change or other environmental concerns; investment in and development of competing or alternative energy sources; disruptions or interruptions impacting the transportation for our oil and gas production; international monetary conditions and exchange rate fluctuations; changes in international trade relationships, including the imposition of trade restrictions or tariffs on any materials or products (such as aluminum and steel) used in the operation of our business, including any sanctions imposed as a result of any ongoing military conflict, including the conflict between Russia and Ukraine; our ability to collect payments when due under our settlement agreement with PDVSA; our ability to collect payments from the government of Venezuela as ordered by the ICSID; our ability to complete any announced or any future dispositions or acquisitions on time, if at all; the possibility that regulatory approvals for any announced or any future dispositions or acquisitions will not be received on a timely basis, if at all, or that such approvals may require modification to the terms of the transactions or our remaining business; business disruptions following the acquisition of assets from Shell (the “Shell Acquisition”) or any other announced or any future dispositions or acquisitions, including the diversion of management time and attention; the ability to deploy net proceeds from our announced or any future dispositions in the manner and timeframe we anticipate, if at all; potential liability for remedial actions under existing or future environmental regulations; potential liability resulting from pending or future litigation, including litigation related directly or indirectly to our transaction with Concho Resources Inc.; the impact of competition and consolidation in the oil and gas industry; limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial markets; general domestic and international economic and political conditions or developments, including as a result of any ongoing military conflict, including the conflict between Russia and Ukraine; the ability to successfully integrate the assets from the Shell Acquisition or achieve the anticipated benefits from the transaction; unanticipated difficulties or expenditures relating to the Shell Acquisition; changes in fiscal regime or tax, environmental and other laws applicable to our business; and disruptions resulting from accidents, extraordinary weather events, civil unrest, political events, war, terrorism, cyber attacks or information technology failures, constraints or disruptions; and other economic, business, competitive and/or regulatory factors affecting our business generally as set forth in our filings with the Securities and Exchange Commission. Unless legally required, ConocoPhillips expressly disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
Dennis Nuss (media)
281-293-1149
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New report revealed Lineage ranks fifth for on-site solar adoption and 22nd overall for total solar adoption
Ranking reflects the Company’s commitment to decarbonizing its operations and improving energy efficiency
NOVI, Mich.--(BUSINESS WIRE)--#oneLineage--Lineage Logistics, LLC (“Lineage” or the “Company”), the world’s largest temperature-controlled industrial REIT and logistics solutions provider, ranked fifth for on-site solar adoption and 22nd overall for total solar adoption in the U.S., according to the Solar Energy Industries Association’s (SEIA) Solar Means Business 2022 report.
The Solar Means Business Report tracks commercial solar installations, detailing how major corporations are using solar energy in the U.S. Capturing over 70% of all U.S. commercial solar capacity through June 2022, this year’s report revealed American companies are installing record-levels of solar power in their operations, accounting for 14% of all installed solar capacity in America. The rankings in the report distinguish companies who physically install solar from those that purchase off site.
“With over 400 strategic locations worldwide, we continue to explore solutions to help mitigate the impact of our operations on the environment and reduce our energy consumption. The adoption of solar energy has been a central part of this strategy,” said Chris Thurston, Director of Energy and Sustainability at Lineage Logistics. “Given our position within the global food ecosystem, we are pleased to be recognized for our commitment to improve our energy efficiency across and support the decarbonization efforts of the global food supply chain.”
Installing solar throughout its network of facilities is only the beginning of Lineage’s plan to decarbonize its operations. To date, the Company’s solar projects offset 40% of a site’s total energy usage, which is equivalent to generating energy for roughly 12,000 homes per year. While the SEIA report only focuses on the U.S., Lineage continues to grow its solar portfolio globally with over 20 projects spanning North America, Europe, Australia, and Asia.
Findings from this year’s report revealed that U.S. businesses have installed nearly 19 gigawatts (GW) of on-site and off-site solar capacity, which is double the 9.4 GW installed through 2019. This growth is attributed to the expansion of off-site corporate solar usage, which now represents 55% of all commercial solar use.
To download the full SEIA report, view the interactive charts and explore the report’s underlying data, please visit: www.SolarMeansBusiness.com.
About Lineage Logistics
Lineage Logistics is the world’s largest temperature-controlled industrial REIT and logistics solutions provider. It has a global network of over 400 strategically located facilities totaling over 2 billion cubic feet of capacity, which spans 20 countries across North America, Europe, and Asia-Pacific. Lineage’s industry-leading expertise in end-to-end logistical solutions, its unrivaled real estate network and the development and deployment of innovative technology help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, as a Visionary Partner of Feeding America, help feed the world. In recognition of the company’s leading innovations and sustainability initiatives, Lineage was a 2022 U.S. Best Managed Company, No. 3 in the 2022 CNBC Disruptor 50 list, No. 17 in the 2021 CNBC Disruptor 50 list, the No 1. Data Science company, and 23rd overall, on Fast Company’s 2019 list of The World’s Most Innovative Companies, in addition to being included on Fortune’s Change The World list in 2020. (www.lineagelogistics.com)
About SEIA®:
The Solar Energy Industries Association® (SEIA) is leading the transformation to a clean energy economy, creating the framework for solar to achieve 30% of U.S. electricity generation by 2030. SEIA works with its 1,000 member companies and other strategic partners to fight for policies that create jobs in every community and shape fair market rules that promote competition and the growth of reliable, low-cost solar power. Founded in 1974, SEIA is the national trade association for the solar and solar + storage industries, building a comprehensive vision for the Solar+ Decade through research, education and advocacy. Visit SEIA online at www.seia.org and follow @SEIA on Twitter, LinkedIn and Instagram.
Lineage Logistics
Christina Wiese
734-608-1855
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DUBLIN--(BUSINESS WIRE)--The "Australia Renewable Energy Policy Handbook 2022 Update" report has been added to ResearchAndMarkets.com's offering.
'Australia Renewable Energy Policy Handbook 2022 report offers comprehensive information on major policies governing the renewable energy market in the country.
The report discusses renewable energy targets and plans along with the present policy framework, giving a fair idea of overall growth potential of the renewable energy industry. The report also provides major technology specific policies and incentives provided in the country.
Scope
Reasons to Buy
Key Topics Covered:
Renewable Energy Policy Framework
State Level Policies and Incentives-South Australia
State Level Policies and Incentives-New South Wales (NSW)
State Level Policies and Incentives-Victoria
State Level Policies and Incentives-Tasmania
State Level Policies and Incentives-Queensland
State Level Policies and Incentives-Australian Capital Territory
State Level Policies and Incentives-Western Australia
State Level Policies and Incentives-Northern Territory
For more information about this report visit https://www.researchandmarkets.com/r/5yvj11
ResearchAndMarkets.com
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Industry-leading collective formed by key players in the energy industry to focus on data-driven MRV across the CCS value-chain
DENVER--(BUSINESS WIRE)--Denbury Inc., IMA Financial Group Inc., Enerflex Ltd., Wolf Carbon Solutions U.S., Advanced Resources International, and Project Canary have joined forces to support the development of third-party independent environmental assessments and data measurement for carbon capture and sequestration (CCS). Each partner brings significant expertise and perspective from across the carbon value chain, from capture to sequestration. The collective will harmonize existing frameworks and requirements through Project Canary’s digital platform into high-fidelity data-driven measurement, reporting, and verification (MRV) for CCS. The collective is working with Advanced Resources Int. (ARI) as a subsurface evaluation risk and data partner.
Progressive policy and funding incentives from the Bipartisan Infrastructure Law and the Inflation Reduction Act have created the environment necessary to accelerate the development and scaling of CCS and other decarbonization technologies. In addition to economic and policy drivers, the future of the CCS industry depends on the trust of all stakeholders, including the public. The members of this collective have brought together their substantial expertise to inform the development of data driven solutions needed to ensure confidence in CCS as a foundational climate solution. Participants recognize that collaboration and third-party independent validation of aggregated and analyzed data for CCS MRV will generate the trust required to deploy CCS projects at pace and scale. Project Canary’s digital MRV platform will increase the accuracy, efficacy, and transparency of CCS facility-level data across each industry segment, providing trusted measurable insights on environmental risks and performance. Outcomes from the collective will harmonize the myriad of existing and emerging CCS frameworks or standards, simplifying the ability to differentiate projects, players, and CO2 molecules to all interested stakeholders.
"Climate action requires innovation, ingenuity, and, most importantly, partnership. This collective represents a critical step in nurturing mission-critical decarbonization projects," said Chris Romer, CEO of Project Canary. "Data and analytics must be at the foundation of any net-zero goals—we're proud to lead the charge towards measured progress alongside our partners."
The collaboration between these founding companies (additional collective members will be announced in the coming year) will set forth the framework and standards to ensure that CO2 volumes are safely captured, transported, and permanently sequestered. Reliable interconnected data will help maximize the efficiency of capital allocation, catalyze market-based solutions, and solidify social license to operate.
Randy Robichaux, VP of Health, Safety, & Environment at Denbury, stated, “Considering the expected rapid growth of the industry, we believe it is essential for stakeholders to receive objective third-party verification of the safe and secure storage of CO2 in EOR and sequestration sites. We look forward to working with Project Canary in this effort.”
"For more than two decades, ARI has supported research institutions, regulatory agencies, policymakers, and private companies in defining the scale and value of the CCS opportunity. By partnering with Project Canary, we are signaling a new era of CCS with access to real-time, reliable data. Our role is to bring subsurface science and technology to ensure that underground storage of CO2 is as safe and secure as possible," said Vello Kuuskraa, Founder & President of ARI.
“Enerflex is a leader in the supply of engineered CCS systems and services, having executed over 150 projects since 1983. Digital MRV is the lynchpin to not only track improvement but also unlock the full potential of carbon markets. Combining our expertise with Project Canary is a step forward in driving the global decarbonization agenda towards a sustainable future,” said Patricia Martinez, Chief Energy Transition Officer at Enerflex.
Project Canary brings a seasoned board of CCS advisors to the table, including co-director of the Stanford Center for Carbon Storage Mark Zoback, CCS industry veteran Steve Melzer, former Sr. Advisor to the U.S. Secretary of Energy Kyle Simpson, and former Oklahoma Secretary of Energy Mike Ming.
About Project Canary:
Project Canary® is an environmental data and software company that collects, analyzes, quantifies, and visualizes asset-level environmental risk assessments and emission profiles. As a measurement, reporting, and verification (MRV) solution, the Canary SENSE™ Platform integrates a networked sensor canopy, including 3rd party sensor data and assessment scores, to provide independently verifiable climate attribute data for upstream, midstream, and CCS (carbon capture and sequestration) projects. Project Canary’s insights help energy organizations improve performance, manage risks, and deliver auditable decarbonization data. Formed as a Public Benefit Corporation, the U.S. Colorado-based team includes scientists, engineers, and industry operators focused on the path to True Zero™. www.projectcanary.com
About Denbury Inc.:
Denbury is an independent energy company with operations and assets focused on Carbon Capture, Use and Storage (CCUS) and Enhanced Oil Recovery (EOR) in the Gulf Coast and Rocky Mountain regions. For over two decades, the Company has maintained a unique strategic focus on utilizing CO2 in its EOR operations and since 2012 has also been active in CCUS through the injection of captured industrial-sourced CO2. The Company currently injects over four million tons of captured industrial-sourced CO2 annually, with an objective to fully offset its Scope 1, 2, and 3 CO2 emissions by 2030, primarily through increasing the amount of captured industrial-sourced CO2 used in its operations. For more information about Denbury, visit www.denbury.com.
About Advanced Resources International, Inc
Advanced Resources Int. (ARI) is a technology services firm that provides geologic, reservoir engineering, regulatory and economics support to a host of domestic and international energy related companies. Founded in 1970, the company specializes in Enhanced Oil Recovery and safe, secure geologic storage of CO2. The firm also has recognized expertise in helping companies efficiently develop their unconventional gas and shale oil resources from domestic and international oil and gas basins. The company was instrumental in helping develop international standards (ISO/TC 265) governing the storage and associated storage of CO2 in geologic formations. For more information about ARI, please visit www.adv-res.com.
About Enerflex:
Transforming Energy for a Sustainable Future. Enerflex is a premier integrated global provider of energy infrastructure and energy transition solutions, delivering natural gas processing, compression, power generation, refrigeration, cryogenic, and produced water solutions.
Headquartered in Calgary, Alberta, Canada, Enerflex, its subsidiaries, interests in associates, and joint ventures, operate in more than 100 locations in: Canada, the United States, Argentina, Bolivia, Brazil, Colombia, Ecuador, Mexico, Peru, the United Kingdom, the Netherlands, the United Arab Emirates, Bahrain, Oman, Egypt, Kuwait, India, Iraq, Nigeria, Pakistan, Saudi Arabia, Australia, New Zealand, China, Indonesia, Malaysia, Singapore, and Thailand.
Enerflex's common shares trade on the Toronto Stock Exchange under the symbol "EFX" and on the New York Stock Exchange under the symbol "EFXT." For more information about Enerflex, visit www.enerflex.com.
About Wolf Carbon Solutions
Wolf Carbon Solutions US LLC (Wolf) is a private company backed by Canada Pension Plan Investment Board (CPP Investments). Wolf is a US-based affiliate of Wolf Midstream, a $4 billion multi-asset energy infrastructure organization based in Calgary, Alberta. The company is committed to transforming the future of carbon reduction through the development of world-scale CO2 infrastructure. Wolf Midstream owns and operates the Alberta Carbon Trunk Line (“ACTL”). ACTL infrastructure includes CO2 conditioning and compression, and one of the world’s largest capacity CO2 pipelines where captured CO2 is currently being used for enhanced oil recovery with future access to the Wolf Midstream sequestration hub currently under development. The ACTL system has safely captured three million tons of CO2 since the system began operations in 2020. www.wolfcarbonsolutions.com
About IMA Financial Group
Based in North America, IMA Financial Group, Inc. is an integrated financial services company focused on protecting the assets of its widely varied client base. IMA is employee-owned and has grown to nearly 2,000 associates making it one of the largest private insurance brokers in the country. Among its many specialty areas, IMA’s energy practice is renowned for its leading experts in the carbon capture and sequestration market.
PROJECT CANARY
Diana Kaul
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303.332.4252
HOUSTON--(BUSINESS WIRE)--Halliburton Company (NYSE: HAL) today announced a successful installation of the industry’s first single trip, electro-hydraulic wet connect in deepwater for Petrobras in Brazil – a significant achievement in downhole electric completion technology. The Halliburton Fuzion® EH electro-hydraulic downhole wet-mate connector helps increase well recovery factors by maintaining integrity of Halliburton’s SmartWell® completion systems throughout the well’s lifecycle.
The Fuzion-EH connector helps further facilitate safer and simpler intervention operations and avoids potential formation damage because of workover operations. Halliburton plans a future version of a dual trip system Fuzion-EH connector for qualification and implementation by Petrobras in 2023. This system will provide additional benefits in SmartWell system installations while maintaining the benefits of the single trip system.
“The Fuzion-EH connector is the first step in the fully electric intelligent completion journey and is a product of collaborative development with Petrobras and Shell,” said Mark Dawson, vice president of Halliburton Completion Technology, Halliburton. “This achievement paves the way for us to give customers the autonomous capability to control and manage reservoirs across their wells and assets and deliver on our Future of Completions®.”
“This significant well technology development marks the first single trip, multiple zones, open hole completion. It was a remarkable example of teamwork, partnership and technical collaboration between operators and Halliburton in the Brazilian ecosystem. This technology’s first application was enabled using the ANP Levy,” said Olivier Wambersie, general manager Brazil Technology, Shell.
As a global completions leader, Halliburton has pioneered the development and deployment of SmartWell system technology for 25 years. To date, Halliburton has installed almost 1,400 SmartWell systems globally and over 100 in Brazil, providing our global customers control of more than 3,000 zonal intervals.
ABOUT HALLIBURTON
Halliburton is one of the world's leading providers of products and services to the energy industry. Founded in 1919, we create innovative technologies, products, and services that help our customers maximize their value throughout the life cycle of an asset and advance a sustainable energy future. Visit us at www.halliburton.com and connect on Facebook, Twitter, LinkedIn, Instagram and YouTube.
Investor Relations Contact
David Coleman
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281-871-2688
Press Contact
Erin Fuchs
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281-871-2601
KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (KCS) recently announced the first return to the rails of the KCS Holiday Express train since the start of the pandemic in 2020. In addition, the KCS Holiday Express project continues the tradition of charitable giving to The Salvation Army. To date this year, the project has raised almost $150,000 for this cause. KCS is now issuing a challenge grant to raise even more.
“On this Giving Tuesday, I am proud to announce that KCS will donate $2 for every $1 raised by the Holiday Express project, up to an additional $100,000, between November 29 and December 16, 2022,” said KCS president and CEO Patrick J. Ottensmeyer. “Please consider a gift to help The Salvation Army help families in need."
The funds raised will support The Salvation Army in the 20 communities in eight states where the 2022 KCS Holiday Express train will stop. See the full schedule here.
Special thanks to the major sponsors to date, including Bartlett, a Savage Company; Deanne Porter and Patrick Ottensmeyer Family Foundation; Haverty Family Foundation; Husch Blackwell; Kansas City Southern Historical Society; KingdomBuilding Leadership, Inc.; Precision Waste Solutions; RailPros; The Kansas City Southern Charitable Fund; Virginia Vollrath Hertenstein; Watco; and ZA Construction. A complete list of sponsors can be seen here on the KCS website. It is not too late for your contribution to be recognized and for you to be listed among these generous individuals and organizations.
Over 21 years, the KCS Holiday Express project has raised well over $2.6 million. Anyone interested in making a tax-deductible contribution to the 2022 KCS Holiday Express fundraising effort may donate here.
KCS Holiday Express was built on the tradition of the Santa Train, which ran on a segment of the network bought by KCS in 1997. In 2000, a group of warm-hearted employees noticed that the Santa Train was the only Christmas some kids had, and that some kids did not have essential items like coats, hats and gloves, so they committed to elevating the project. In 2001, volunteers transformed a retired freight train to the KCS Holiday Express experience that thousands of people enjoyed for 19 years prior to the start of the pandemic.
In the first 19 years, the KCS Holiday Express train stopped in 20 or more communities in five or six states between Thanksgiving and Christmas. At each stop, visitors could board the train, meet Santa and his elves and tour the inside of three cars of the festive six-car train. These events return in 2022 after not occurring the previous two years. The KCS Holiday Express is free to the public at all of its stops.
Headquartered in Kansas City, Mo., KCS is a transportation holding company that has railroad investments in the U.S., Mexico and Panama. KCS’ North American rail holdings and strategic alliances with other North American rail partners are primary components of a unique railway system, linking the commercial and industrial centers of the U.S., Mexico and Canada.
C. Doniele Carlson, 816-983-1372, This email address is being protected from spambots. You need JavaScript enabled to view it.
Deal Will Equip NTT DATA’s Customers with EOI Space’s Satellite Imagery Capabilities for Critical Infrastructure Planning and National Defense
LOUISVILLE, Colo.--(BUSINESS WIRE)--#earthimagery--EOI Space, a company deploying a constellation of satellites that provide location intelligence to government and commercial customers, today announced a strategic distribution agreement with NTT DATA Corporation, a global digital business and IT services leader, to bring EOI Space’s ultra-high-resolution earth imagery technology exclusively to customers in the Japanese market.
NTT DATA is the first official partner in EOI Space’s Global Alliance Program, a limited group of organizations worldwide with priority access to EOI Space’s satellite content and services. Through this partnership, NTT DATA will deploy EOI Space's new state-of-the-art technology, the Stingray constellation of Very Low Earth Orbit (VLEO) satellites, to deliver high-capacity data that customers need to detect and respond to potential natural disasters and public safety threats. EOI Space plans to launch the first satellite in Q1 2024 with five more slated to launch within 12 months while NTT DATA is building a Secure Access Facility in Japan for direct downlink capabilities from the Stingray constellation.
“EOI Space and NTT DATA are building a long-term partnership and with the construction of NTT DATA’s Secure Access Facility, they will be able to deliver valuable data and insights to customers faster than ever,” said Christopher Thein, CEO and Co-Founder of EOI Space. “This is an industry where timely delivery of high-quality images matters. We are grateful to have a partner as dedicated to this mission and market as NTT DATA.”
“By utilizing EOI Space’s Stingray constellation, we will be able to accumulate large amounts of very high-resolution imagery in our data center and analyze it locally. Using our latest AI algorithms, we will provide value-added products to our customers by extracting the differences from past and newly collected data to detect anomalies,” said Hideyuki Nakamura, Executive Manager from NTT DATA. “In addition, we will be able to expand the use of EOI Space’s imagery into various disaster prevention systems and facility maintenance projects that will be developed in the future, creating new products that improve resiliency.”
Future of Satellites: Small Size, Big Impact
Satellites are becoming increasingly essential to the day-to-day lives and well-being of communities around the world. Powered by its proprietary plasma propulsion system, EOI Space’s Stingray constellation operates in an orbit that’s closer to the earth compared to other satellites in the market, allowing the satellites to capture near real-time 15 cm high-resolution imagery. EOI Space’s independently developed, patent-pending ion electric propulsion ensures that the satellites operate stably in the lower earth orbit. Additionally, the small size of EOI Space’s Stingray satellites will allow NTT DATA and its customers to access high-resolution imagery and increased data capacity at a lower cost compared to larger satellites that are more expensive to develop and launch.
NTT DATA anticipates more than 70 million dollars in sales of EOI Space’s data and value-added products such as AI analytics by 2028, with most sales expected to be fueled by defense, public safety, and disaster management applications. The company has also joined other minority investors in EOI Space’s Series A round with an equity investment, showing its commitment to EOI Space and the earth observation market.
About EOI Space
Based in Louisville, Colorado, EOI Space is developing a unique low-flying constellation of small satellites to collect ultra-high-resolution imagery to support a wide range of earth observation applications in Very Low Earth Orbit (VLEO) using its proven, patent-pending electric propulsion technology. By operating closer to Earth than ever before, EOI will capture the highest commercially available views of our planet from Space for real-time intelligence, asset monitoring, and situation awareness. EOI Space is currently raising capital to fund its constellation growth. Visit us at https://eoi.space to learn more about our mission and investment opportunities.
About NTT DATA
NTT DATA – a part of NTT Group – is a trusted global innovator of IT and business services headquartered in Tokyo. We help clients transform through consulting, industry solutions, business process services, IT modernization and managed services. NTT DATA enables clients, as well as society, to move confidently into the digital future. We are committed to our clients’ long-term success and combine global reach with local client attention to serve them in over 50 countries. Visit us at https://www.nttdata.com.
Media Contact:
Paul Smith
EOI Space
+1 650.200.3360
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HOUSTON--(BUSINESS WIRE)--Today SynMax announced the closure of its seed round with $6 million in funding, an oversubscription of $2 million. 100% of the investment came directly from SynMax customers. The start-up will use this funding to expand its team to continue building its suite of energy products and advance development of its maritime domain awareness product.
The seed round was led by Bill Perkins, Founder and Managing Partner of Skylar Capital. When asked about his decision to invest, Perkins said “I am very excited about SynMax and the problems they are solving. Their dedicated and skilled team has taken a unique approach and made the products that SynMax create 'essential intelligence' in both the energy and maritime awareness domains.”
About SynMax: SynMax is a geospatial intelligence SaaS company that has adopted a cutting-edge approach to providing unrivaled intelligence product suites for the energy and maritime industries. SynMax’s AI, informed by industry experts and data scientists, fuses earth observation imagery and key data sources to provide comprehensive ground truths, not predictions.
The SynMax Energy product suite launched in May 2022, harnesses SynMax’s AI to provide the most accurate and timely energy intelligence on the market. SynMax Maritime is launching Theia in early 2023, a maritime domain awareness platform that employs data fusion to deliver unparalleled actionable intelligence around dark ships and their activities.
Visit SynMax’s website for more details: https://www.synmax.com/
Energy Contact: Eric Anderson This email address is being protected from spambots. You need JavaScript enabled to view it.
Maritime Contact: Dean Harkess This email address is being protected from spambots. You need JavaScript enabled to view it.
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Phone: +1 (713) 569-9237
New managing general underwriter blending investment grade trade credit and commercial surety providers with energy expertise to service the alternative assurance markets
HOUSTON--(BUSINESS WIRE)--#AlternativeEnergyAssurance--Navitas Assurance Partners today announced its formation as a managing general underwriter to provide alternative energy assurance solutions through investment grade trade credit and commercial surety providers. The use of trade credit insurance and commercial surety as alternative assurance for energy commodity is fast growing; providing off-balance-sheet, easily integrated, higher quality credit and commercial assurance tools specifically designed for North American energy market participants.
“We are working to change the paradigm for alternative assurance,” says Jay Rose, founder and Managing Director of Navitas Assurance Partners. “Our team is here to provide the resources necessary to meet the market demand and advance utilization of insurance balance sheets as alternative forms of assurance. We are working diligently with our credit insurance and surety broker partners to ensure Navitas resources are widely available to the market.”
Prior to the formation of Navitas, Rose worked with a global provider of trade credit for more than 16 years in various roles. In 2015, Rose launched the first dedicated industry vertical practice in the trade credit community. Under his management, the practice attained a market-leading position and spearheaded the acceptance of demand bonds and fronting solutions to provide letter of credit equivalent instruments for energy commodity.
Navitas alternative energy assurance solutions will be available to a breadth of end-users across the energy spectrum, including producers, marketers, pipelines, power, processors, refiners, and renewables.
The Navitas team has more than 120 years of combined energy industry and insurance underwriting experience, and will focus on the delivery of solutions that add liquidity, expand counterparty optionality, simplify assurance policy compliance, and unlock opportunity.
About Navitas Assurance Partners
Navitas Assurance Partners is a managing general underwriter (MGU) representing some of the strongest balance sheets in North America. Created for an evolving market and tapping into more than 100 years of operational development and risk management experience from the energy and insurance industries, Navitas is built for today’s changing marketplace. Navitas acts as the leading conduit among the energy markets, their broker-partners, and carrier-partners—specializing in the energy assurance markets and offering a new approach that brings additional capacity, unrivaled speed, and exceptional broker support. To learn more, visit www.navitasassurance.com or contact us via This email address is being protected from spambots. You need JavaScript enabled to view it..
Patrick McKinnon
Navitas Assurance Partners
(832) 606-9319
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AUSTIN, Texas--(BUSINESS WIRE)--#California--California residents can now save money instantly on energy-efficient home upgrades with the new Golden State Rebates program implemented by CLEAResult, the largest energy efficiency solutions provider in North America, under a contract awarded by San Diego Gas & Electric Company (SDG&E®). The program’s easy-to-use retail coupon portal includes rebates of up to $500 and is available to customers of SDG&E®, Pacific Gas and Electric Company (PG&E®), Southern California Gas Company (SoCalGas®) and Southern California Edison Company (SCE®).
Golden State Rebates currently offers instant discounts when purchasing energy-saving smart thermostats, water heaters and room air conditioners. Customers simply sign up for an account, verify their eligibility, then receive a coupon via email for the selected product to be redeemed at a participating in-store or online retailer of their choice. The program is the only statewide instant rebate option that works with retailers directly to make purchasing energy-efficient products more convenient and affordable.
“Energy costs are a top concern for Californians and their utilities,” said Kecia Davison, CLEAResult’s Senior Vice President for the West Region. “Energy efficiency is key to saving folks money now and in the long run. It also plays a vital role in supporting the state’s decarbonization goals.”
The program has the full support of SDG&E, PG&E, SoCalGas and SCE as part of the companies’ efforts to transition California to a clean energy future that is equitable and affordable for everyone.
“Beyond the immediate savings from the rebates, energy-efficient products can help customers save in the long run on their gas and electric bills by reducing their energy consumption,” said SDG&E Director of Customer Programs Hollie Bierman. “By replacing older models of appliances with ultra-efficient ones, families can potentially save hundreds of dollars per year, while also reducing their carbon footprint.”
People often make energy efficiency improvements when equipment needs to be replaced, so Golden State Rebates ensures that utility customers, installers and distributers all have access to instant discounts. The rebates can also be combined with other statewide initiatives like TECH Clean California to help people save even more money. If someone is upgrading to a heat pump water heater, for example, they may be able to save up to $500 with Golden State Rebates, plus an additional $1,000 – $3,100 through TECH Clean California depending on eligibility. People can check their eligibility using the Switch is On Incentive Finder as the additional incentives are only available in limited territories and amounts are subject to change.
Golden State Rebates’ holistic approach to energy efficiency can help people be proactive about their energy use, all while saving money at a time when it’s needed most. Visit goldenstaterebates.com for full details on everything the program has to offer.
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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Amber Tester
Director Corporate Communications
TVA Funded Connected Communities Pilot goes live this month
MURFREESBORO, Tenn.--(BUSINESS WIRE)--Murfreesboro Housing Authority (MHA), in cooperation with the Tennessee Valley Authority (TVA), United Communications and SmartMark Communications, announced today that its residents will now be eligible for free Internet service for up to three years thanks to a grant provided by TVA’s Connected Communities program. Infrastructure has been laid out over the past several months and customers will have access to service beginning this month.
MHA received a Connected Communities grant from TVA last year to lay fiber in three communities currently under revitalization efforts: Oakland Court I, Oakland Court II, and Parkside. Phase I of a multi-phase grant offers residents free internet access and energy education programming designed to help lower monthly bills. Later phases will include the introduction of smart technology and further energy savings opportunities in partnership with Middle Tennessee Electric, United’s parent company.
TVA’s Connected Communities initiative supports TVA’s energy system of the future and plan to achieve net-zero emissions by 2050. By expanding access to technology, TVA is investing in job creation, preparing for a modern grid system to further support clean energy resources, and opening more opportunities to connect with the community.
“MHA is honored to have been awarded this grant from TVA and the opportunity to provide free connectivity to our residents,” said Thomas Rowe, CEO of MHA. “Internet access has become a necessity to our daily lives, and we are excited that this program will not only help raise awareness around energy efficiency and costs but open up new possibilities and access for residents.”
“Affordable housing has many benefits for limited-income residents but the cost of technology, like internet access, can be burdensome,” said Georgia Caruthers, senior program manager of the TVA Connected Communities initiative. “By supporting Murfreesboro Housing Authority’s efforts to help residents to have a better quality of life, we are helping to fulfill TVA’s mission of service to make life better through complimentary Wi-Fi connectivity that allows ready access to information and online services, and the ability for residents to benefit from their ‘smart-home ready’ residences with the potential to help lower their energy bills.”
In addition to offering free internet service, United Communications has been actively contributing to the project through additional funding that has allowed for the full deployment of fiber-to-the-home in all three communities.
“United Communications is honored to provide reliable, high-speed internet for low-income residents in Middle Tennessee while supporting an important energy education program in partnership with MTE, TVA, MHA and SmartMark,” said William Bradford, President and CEO of United Communications. “This is especially meaningful as it is our mission to bring critical internet connectivity to support a variety of needs, including kids’ education, adult online training and education, and working from home, to meet their most basic needs. We are pleased that, together, we can achieve this goal.”
SmartMark Communications is program managing the project and providing the energy education and customer engagement components of the pilot.
Learn more at connecting-MHA.com.
About Connecting MHA
Connecting MHA is a program supported by the TVA Connected Communities grant program that provides free Internet access and smart technologies together with energy education and automated savings opportunities to residents of Oakland Court I, Oakland Court II and Parkside communities at the Murfreesboro Housing Authority. Phase I provides three full years of free Internet service in exchange for participation in a quarterly energy savings education program. This program is supported by United Communications, Middle Tennessee Electric, SmartMark Communications, and ACE IoT.
About the Murfreesboro Housing Authority
The mission at the Murfreesboro Housing Authority is to provide decent, safe and sanitary housing in good repair for eligible families in a manner that promotes serviceability, economy, efficiency and stability of the developments; and to utilize all available resources to maximize the social and economic opportunities of all residents. Learn more at mha-tn.org.
About TVA
The Tennessee Valley Authority is a corporate agency of the United States that provides electricity for business customers and local power companies serving nearly 10 million people in parts of seven southeastern states. TVA receives no taxpayer funding, deriving virtually all of its revenues from sales of electricity. In addition to operating and investing its revenues in its electric system, TVA provides flood control, navigation and land management for the Tennessee River system, and assists local power companies and state and local governments with economic development and job creation.
About United Communications
United Communications is a leading provider of internet, digital TV, and phone services to enterprise-class businesses and residential customers in Middle Tennessee. United is recognized as a Smart Rural Community ProviderSM, a top “Fastest Internet Service Provider” by BroadbandNow and the winner of the 2021 Broadband Communities Cornerstone Award, which honors the most notable deployments of Fiber-to-the-Home in the U.S. and abroad. United operates approximately 1,700 route miles of fiber covering portions of Williamson, Rutherford, Marshall, Bedford, Franklin, Wilson, and Davidson counties. United Communications is a service of Middle Tennessee Electric Membership Corporation. To learn more, please visit united.net.
About Middle Tennessee Electric (MTE)
Founded in 1936, MTE is the largest electric cooperative in the Tennessee Valley Authority (TVA) region and the second largest in the United States, serving more than 750,000 Tennesseans via 325,000+ accounts covering nearly 2,200 square miles in 11 Middle Tennessee counties, primarily Rutherford, Cannon, Williamson and Wilson. Municipalities served include Murfreesboro, Franklin, Brentwood, Smyrna, La Vergne, Lebanon and Mt. Juliet. MTE employs 520 people in seven local offices and its Murfreesboro headquarters.
MTE’s subsidiary, United Communications, is a nationally recognized broadband company with a fiber network spanning more than 1,200 route miles providing high-speed internet and other services to portions of Williamson, Rutherford, Marshall, Bedford, Franklin, and Davidson counties.
About SmartMark Communications
For more than two decades, SmartMark Communications has helped shape customer experience by developing education and engagement strategies that drive technology adoption and sustainable behavior change. A leader in energy innovation and the evolution of the smart grid, SmartMark works with energy companies, stakeholders, and policy makers to design and implement customer-centric programs that validate investments and drive transformation. Learn more at smartmarkglobal.com.
Media:
Meredith Ponce
SmartMark Communications
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615-864-7841
These new metrics help promote greater harmonization and consistency of disclosure of key ESG indicators for borrowers in private credit and syndicated loan transactions
NEW YORK--(BUSINESS WIRE)--Novata, a public benefit corporation and technology platform that provides private markets stakeholders with intuitive and effective Environmental, Social and Governance (ESG) data management solutions, today announced the launch of in-platform metrics to enable financial market participants to collect the ESG information outlined under the ESG Integrated Disclosure Project (ESG IDP). The ESG IDP is a market initiative formed by industry organizations, credit asset managers and credit investors to encourage the use of a group of ESG metrics that lenders consider material. The goal of harmonizing and standardizing ESG information requests is to establish a global baseline of ESG information across credit markets.
Backed by a consortium that includes the Ford Foundation, S&P Global (NYSE: SPGI), Hamilton Lane (NASDAQ: HLNE) and Omidyar Network, and with the support of more than a dozen private equity firms and pension funds, Novata is the leading ESG data management platform built specifically for the private markets. The Novata platform provides customers with a clear on-ramp for selecting ESG metrics, painless data collection and data insights and analytics tools to inform investment decisions.
ESG reporting by borrowers in the private credit and syndicated loan markets has not advanced quickly enough to effectively meet growing investor and regulatory demands. The ESG IDP was formed to establish a global baseline for ESG disclosure across the private and broadly syndicated credit markets. The ESG IDP is an industry initiative led by the Alternative Credit Council, Loan Syndications and Trading Association and United Nations-supported Principles for Responsible Investment that brings together leading lenders to improve market transparency and accountability.
“The ESG IDP is an important initiative to harmonize lender requests for ESG information and identify the ESG factors that are most material to lenders, in turn enabling consistent expectations for the borrower community,” said Lorraine Spradley Wilson, Chief Impact Officer and Head of ESG at Novata. “As the ESG data collection field advances, the Novata platform will adapt. Our rapid integration of the ESG IDP framework is a demonstration of our commitment to evolve quickly to meet changing customer needs.”
The ESG IDP module, housed in Novata’s framework builder, provides a simple and intuitive way for users to collect ESG information needed to fulfill their loan and credit reporting responsibilities. Novata’s framework builder is the proprietary in-platform tool used to create custom reporting frameworks that allow users to easily request ESG reports to each firm’s individual needs.
“ESG IDP represents an important step in addressing ESG disclosure challenges in the private credit markets,” said Michael Kashani, Head of ESG Credit at Apollo Global Management and ESG IDP Chair. “The harmonized template allows for data consistency, as well as broader market education on what the industry is looking for with respect to ESG disclosure. We are pleased that Novata was able to move so quickly to integrate the template in their platform so that firms can leverage this framework as they collect their ESG data.”
Since Novata’s successful platform launch in April, Novata has welcomed a range of private equity and credit firms to the General Partner Advisory Committee (GPAC) and has experienced significant global demand for its ESG data management platform.
“OHA is excited for the launch of the ESG IDP as a tool to promote ESG integrated analysis, engagement, and harmonize ESG data collection and reporting in broadly syndicated loan and private credit markets,” said Jeff Cohen, Managing Director, Head of ESG & Sustainability at Oak Hill Advisors and ESG IDP Vice Chair. “This is a big step for the industry - and great to see Novata has moved so swiftly to incorporate ESG IDP into their platform.”
To learn more about Novata’s platform offerings and to schedule a demo, please see here: https://www.novata.com/
About Novata
Novata is a public benefit corporation that enables the private markets to achieve a more sustainable and inclusive form of capitalism. Novata ESG solutions, technology platform and contributory database simplify the processes of selecting reporting metrics; collecting and storing relevant data; conducting analysis; and reporting to key stakeholders, including limited partners and regulators. Novata, a partnership of the Ford Foundation, S&P Global, Hamilton Lane and Omidyar Network, is majority controlled by mission-driven organizations and its employees. For more information, please visit https://www.novata.com/.
Katie Stueber
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Analysis Shows Price Increases Will Increase Inequality, Reduce Energy Reliability
SYRACUSE, N.Y.--(BUSINESS WIRE)--#NaturalGasBan--Banning natural gas service will increase inequality, risk electricity reliability and could cost upstate New York households more than $27,800 each, a Consumer Energy Alliance (CEA) analysis released today found.
The new study, Increasing Inequality, Risking Reliable Electricity: New York’s Natural Gas Ban Plan, complements earlier analyses by CEA demonstrating the high costs of government plans to ban natural gas in upstate and New York City.
With this winter’s energy bills expected to force Americans to pay at least $14.1 billion more than last year, and inflation at the highest level since the early 1980s, policies that reduce energy reliability and affordability make no sense in a state where three out of five homes use natural gas for heating.
“We have seen what reducing energy options has done to European countries – driven energy prices up more than 300% for some and forced others to burn garbage to stay warm. Already, New York’s poorest are leaving their ovens open to heat their homes and families,” CEA New York Director Wendy Hijos said.
A legislative plan to ban natural gas, a product of the Climate Leadership and Community Protection Act (CLCPA), died during budget negotiations but is set to be revisited this year.
“Revisiting a natural gas ban in a state like ours, where winters can be vicious and deadly, is nothing short of foolhardy and would harm families and small businesses,” she said. “We hope New York lawmakers think twice before adopting policies that have failed elsewhere spectacularly, and work toward common-sense plans that balance our energy needs with our shared environmental goals.”
The updated statewide report examines the cost of converting households in to all-electric appliances, using open-source consumer data and a CEA-developed cost calculator that takes into account home configuration, appliance models and labor. These findings dovetail with CEA research which found that the cost to replace just major gas appliances in homes nationwide would be more than $258 billion.
Please click here to read the report.
About Consumer Energy Alliance
Consumer Energy Alliance (CEA) is the leading voice for sensible energy and environmental policies for consumers, bringing together families, farmers, small businesses, distributors, producers, and manufacturers to support America’s environmentally sustainable energy future. With more than 550,000 members nationwide, we are committed to leading the nation’s dialogue around energy, its critical role in the economy, and how it supports the vital supply chains for the families and businesses that depend on them. CEA works daily to encourage communities across the nation to seek sensible, realistic, and environmentally responsible solutions to meet our nation’s energy needs.
Bryson Hull
(202) 657-2855
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New ownership will focus on expanding services and operating range
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Bluejay Capital Partners, LLC (“Bluejay Capital”), a specialist in logistics and transportation industry investing, has completed its acquisition of Best Warehousing and Transportation Inc (“BWT”), a leading B2B warehousing and transportation business, with 30 locations across 15 states. Terms of the transaction were not revealed.
“BWT has an exceptional track record serving industry leaders across many diversified supply chains. They attract customers and grow with them in new services and locations. The strong team at BWT, coupled with the Bluejay Capital team’s growth expertise and significant industry experience creates a powerful combination. We are thrilled to partner with Winston to take BWT to the next level,” said Josh Putterman, founding partner of Bluejay Capital.
Winston McDonald Jr., President and CEO of BWT, who retains a sizable ownership stake in the business, expressed his eager outlook for the company’s future.
“Our partnership with Bluejay Capital marks the beginning of an important chapter of growth for our company and our dedicated employees. We are proud of what we have created and accomplished over the last 16 years and are excited to build upon that history, advancing our industry-leading position, expanding our market reach and broadening the scope of work and services we provide,” said McDonald. “The Bluejay team is definitely the right partner for me and BWT.”
Bluejay Capital financed the transaction with Argosy Private Equity, Southfield Mezzanine, Spring Capital Partners and Key Bank.
About Bluejay Capital Partners
Bluejay Capital is an operating partner actively investing in transportation and logistics businesses. Located in Jacksonville and Denver, the team is comprised of senior M&A professionals that specialize in improving financial and operational performance. They have more than 120 years of combined experience in transportation and logistics with a proven track record of value creation. www.bluejay-capital.com
About BWT
Best Warehousing & Transportation Inc. is a third party logistics provider specializing in comprehensive, client-focused solutions, including transportation, warehousing and storage, logistics handling and other services. Based in Atlanta and serving the nation, the company provides logistics solutions out of both dedicated and multi-tenant warehouses. https://bestwtc.com/about-us/
Media Contact:
Ron Margulis
RAM Communications
908.337.0020
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SYDNEY & NEW YORK & SAN FRANCISCO--(BUSINESS WIRE)--Xpansiv, the premier market-infrastructure platform for environmental commodities, today announced the launch of CBL Auctions. As the world’s largest carbon-offset exchange, Xpansiv market CBL offers real-time insight into voluntary carbon, including quotes, portfolio tracking, charting, OTC trading, and now an electronic auction service that helps project developers earn top dollar for their carbon credits.
“CBL is the world’s first trading platform to integrate with 24 registries and provide more than 200 environmental spot commodities on a single screen,” said Russell Karas, Xpansiv Head of Carbon Market Development. “Now with CBL Auctions, participants can choose from a variety of auction types, leveraging CBL’s infrastructure for credits and payment transfers. We make it easy to customize your delivery terms and products, or you can use standardized CBL instruments to simplify the process.”
CBL Auctions is designed to streamline the process of marketing and selling carbon credits. Participants can connect to thousands of CBL carbon customers, concentrate focus on predetermined liquidity events, and capture and report auction data to improve price discovery.
“CBL Auctions will help us market projects that bring substantial benefits to the environment and impact investment for local communities,” said Federico Ortiz Mejia, Director of Terra Commodities, the first project developer to participate in CBL Auctions. “The Condoto REDD+ project is in Colombia´s Chocó Darien Global Ecoregion, a mega-diverse tropical rainforest ecosystem considered a Global Biodiversity Hotspot—one of 25 locations prioritized for conservation due to high biodiversity and deforestation threats.”
The project includes Verra’s Climate, Community, and Biodiversity (CCB) standards as well as vital Sustainable Development Goals (SDGs), such as poverty alleviation and the implementation of socially and economically sustainable development options for communities in the region. The project will go to auction early Q1, offering vintage years 2019–2021, with 350K–400K tons offered. More project information can be found here.
The announcement follows the launch of the Sustainable Development Global Emissions Offset™ (SD-GEO™), a standardized carbon-offset contract that provides a benchmark for market participants to transact high-quality offsets from projects that also deliver high social impact. The SD-GEO will allow for delivery of cookstove projects with a minimum of five SDGs from the Verra or Gold Standard registries.
About Xpansiv
Xpansiv provides the market infrastructure and data platform for carbon, renewable, and digital energy commodities. These Intelligent Commodities bring transparency and liquidity to markets, empowering participants to value energy, carbon, and water to meet the challenges of an information-rich, resource-constrained world. The company’s main business units include CBL, the largest spot exchange for ESG commodities, including carbon, renewable energy certificates, and Digital Natural Gas; H2OX, the leading spot exchange for water; XSignals, which provides end-of-day and historical market data; EMA, the leading multi-registry portfolio management system for all environmental commodities; and APX, the leading provider of registry infrastructure for energy and environmental markets. Xpansiv is the digital nexus where sustainability and price signals merge. Xpansiv.com
Rob Dalton, Xpansiv, This email address is being protected from spambots. You need JavaScript enabled to view it.
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DUBLIN--(BUSINESS WIRE)--The "Refinery Hydrotreater Units Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Units, 2022-2026" report has been added to ResearchAndMarkets.com's offering.
The global refinery hydrotreater units capacity increased from 57,558 thousand barrels per day (mbd) in 2016 to 60,337 mbd in 2021 at an Average Annual Growth Rate (AAGR) of 1.0%. It is expected to increase from 60,337 mbd in 2021 to 70,222 mbd in 2026 at an AAGR of 3%. The US, China, Japan, India, and Russia are the major countries that accounted for 56.5% of the total global hydrotreater units capacity in 2021.
Report Coverage
Reasons to Buy
Key Topics Covered
1. Introduction
1.1. What is this Report About?
1.2. Market Definition
2. Global Refinery Hydrotreater Units, Snapshot
2.1. Global Refinery Hydrotreater Units, Key Data, 2021
2.2. Global Refinery Hydrotreater Units, Planned and Announced Hydrotreater Units
2.3. Global Refinery Hydrotreater Units, New Hydrotreater Units and Capacity Expansions by Region
2.4. Global Refinery Hydrotreater Units, Regional Comparisons
3. Africa Refinery Hydrotreater Units
3.1. Africa Refinery Hydrotreater Units, Snapshot
3.2. Africa Refinery Hydrotreater Units, Planned and Announced Hydrotreater Units, Capacity Expansions and Capex by Country
3.3. Africa Refinery Hydrotreater Units, New Hydrotreater Units and Capacity Expansions by Key Countries
3.4. Africa Refinery Hydrotreater Units, South Africa
3.5. Africa Refinery Hydrotreater Units, Egypt
3.6. Africa Refinery Hydrotreater Units, Nigeria
3.7. Africa Refinery Hydrotreater Units, Morocco
3.8. Africa Refinery Hydrotreater Units, Libya
3.9. Africa Refinery Hydrotreater Units, Sudan
3.10. Africa Refinery Hydrotreater Units, Cote d'Ivoire
3.11. Africa Refinery Hydrotreater Units, Cameroon
3.12. Africa Refinery Hydrotreater Units, Algeria
3.13. Africa Refinery Hydrotreater Units, Djibouti
3.14. Africa Refinery Hydrotreater Units, Niger
3.15. Africa Refinery Hydrotreater Units, Tunisia
3.16. Africa Refinery Hydrotreater Units, Zambia
3.17. Africa Refinery Hydrotreater Units, Gabon
3.18. Africa Refinery Hydrotreater Units, Ghana
3.19. Africa Refinery Hydrotreater Units, Senegal
3.20. Africa Refinery Hydrotreater Units, Congo Republic
3.21. Africa Refinery Hydrotreater Units, Angola
3.22. Africa Refinery Hydrotreater Units, Zimbabwe
3.23. Africa Refinery Hydrotreater Units, Ethiopia
3.24. Africa Refinery Hydrotreater Units, South Sudan
3.25. Africa Refinery Hydrotreater Units, Sierra Leone
4. Asia Refinery Hydrotreater Units
4.1. Asia Refinery Hydrotreater Units, Snapshot
4.2. Asia Refinery Hydrotreater Units, Planned and Announced Hydrotreater Units, Capacity Expansions and Capex by Country
4.3. Asia Refinery Hydrotreater Units, New Hydrotreater Units and Capacity Expansions by Key Countries
4.4. Asia Refinery Hydrotreater Units, China
4.5. Asia Refinery Hydrotreater Units, Japan
4.6. Asia Refinery Hydrotreater Units, India
4.7. Asia Refinery Hydrotreater Units, South Korea
4.8. Asia Refinery Hydrotreater Units, Taiwan
4.9. Asia Refinery Hydrotreater Units, Thailand
4.10. Asia Refinery Hydrotreater Units, Malaysia
4.11. Asia Refinery Hydrotreater Units, Singapore
4.12. Asia Refinery Hydrotreater Units, Vietnam
4.13. Asia Refinery Hydrotreater Units, Indonesia
4.14. Asia Refinery Hydrotreater Units, Pakistan
4.15. Asia Refinery Hydrotreater Units, Philippines
4.16. Asia Refinery Hydrotreater Units, Brunei
4.17. Asia Refinery Hydrotreater Units, Sri Lanka
4.18. Asia Refinery Hydrotreater Units, Laos
4.19. Asia Refinery Hydrotreater Units, Myanmar
4.20. Asia Refinery Hydrotreater Units, Bangladesh
4.21. Asia Refinery Hydrotreater Units, Mongolia
5. Caribbean Refinery Hydrotreater Units
5.1. Caribbean Refinery Hydrotreater Units, Snapshot
5.2. Caribbean Refinery Hydrotreater Units, U.S. Virgin Islands
5.3. Caribbean Refinery Hydrotreater Units, Aruba
5.4. Caribbean Refinery Hydrotreater Units, Trinidad and Tobago
5.5. Caribbean Refinery Hydrotreater Units, Cuba
5.6. Caribbean Refinery Hydrotreater Units, Jamaica
5.7. Caribbean Refinery Hydrotreater Units, Martinique
6. Central America Refinery Hydrotreater Units
6.1. Central America Refinery Hydrotreater Units, Snapshot
6.2. Central America Refinery Hydrotreater Units, Planned and Announced Hydrotreater Units, Capacity Expansions and Capex by Country
6.3. Central America Refinery Hydrotreater Units, Costa Rica
7. Europe Refinery Hydrotreater Units
8. Former Soviet Union Refinery Hydrotreater Units
9. Middle East Refinery Hydrotreater Units
10. North America Refinery Hydrotreater Units
11. Oceania Refinery Hydrotreater Units
12. South America Refinery Hydrotreater Units
13. Appendix
13.1. Abbreviations
13.2. Status Definition
13.3. States by PADD Regions Included in the Report
13.4. Methodology
For more information about this report visit https://www.researchandmarkets.com/r/sx28tg
Source: GlobalData
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Defense Supplier’s Long-Term Investment in Dedicated Power and Actuation Systems Business Unit Achieves Major Milestone
MONTVILLE, N.J.--(BUSINESS WIRE)--#additivemanufacturing--Marotta Controls, a rapidly growing aerospace and defense supplier based in New Jersey, confirmed today that it has completed its first custom fin Control Actuation Systems (CAS) production order. The achievement comes less than a year and half after the CAS program was first announced and affirms Marotta Control’s industry position as a trusted actuation system supplier. Notably, the company previously stated that its 2022 corporate expansion was partly driven by the growth of its CAS business and today adds that it expects that business to yield a 10 to 15 percent year-over-year revenue growth.
The initial shipments call for 30+ units per month, a quantity that is expected to increase to 300+ units by mid-2023. Marotta Control’s production facility easily supports this volume and has capacity to quickly scale to meet more than two times that demand.
“Marotta Controls entered the CAS market roughly a decade ago. We have since developed more than 15 custom systems to support new and existing missile programs,” explained Steve Fox, Senior Vice President, Power and Actuation Systems, Marotta Controls. “While we’ve been told our innovations are technologically disruptive, we understand that true success is in our ability to consistently produce our concepts in volume not just prototype them. Today, we’re proud to confirm that we’ve hit that benchmark and are well-prepared to meet the growing demand for our solutions.”
The CAS currently in production is a low-cost, high-performance solution designed, developed, and qualified in house to more than 20 military standards. It leverages several advancements such as an electromechanical missile fin control method versus the traditional pneumatic approach thereby increasing the missile’s range. The modified design also reduces the overall system’s component count, helping to drive down cost.
The defense supplier indicates that while this is the first CAS program to ship in large quantities, it is in the process of completing the qualification process on several others. Those programs are expected to go to production next year.
For more information on Marotta Controls’ CAS capabilities, visit https://marotta.com/products/control-systems/control-actuation-systems.
About Marotta Controls
Founded in 1943, Marotta Controls is a fully integrated solutions provider which designs, develops, qualifies, and manufactures innovative systems and sub-systems for the aerospace and defense sectors. Our portfolio includes pressure, power, motion, fluid, and electronic controls for tactical systems, shipboard and sub-sea applications, satellites, launch vehicles, and aircraft systems. With over 200 patents, Marotta Controls continues to build on its legacy as a highly respected, family-owned small business based in the state of New Jersey. Twitter: @marottacontrols LinkedIn: Marotta Controls, Inc.
Heather Ailara
211 Communications
+1.973.567.6040
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Katee Glass
Marotta Controls, Inc.
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DUBLIN--(BUSINESS WIRE)--The "United States Crude Steel Industry: Insights & Forecast with Potential Impact of COVID-19 (2022-2026)" report has been added to ResearchAndMarkets.com's offering.
The US crude steel market is forecasted to reach US$110.0 billion in 2026, experiencing growth at a CAGR of 6.12% during the period spanning from 2022 to 2026. Growth in the US crude steel market has been supported by factors such as booming automobile industry and accelerating urban population. The United States-Mexico-Canada Agreement (USMCA) is likely to have a positive impact on US crude steel market. However, the market growth is expected to be restrained by increasing problem of excess crude steelmaking capacity.
The US crude steel market by production process can be segmented into the following segments: electric arc furnace and basic oxygen furnace. In 2021, the dominant share of US crude steel market was held by: electric arc furnace, followed by basic oxygen furnace. The US crude steel market by chemical composition can be segmented as follows: carbon steel, alloy steel, stainless steel and tool steel. The largest share of the market was held by carbon steel, followed by alloy steel, stainless steel and tool steel. The US crude steel market by steel mill products can be segmented as follows: flat steel products and long steel products. The largest share of the market is held by flat steel products, followed by long steel products.
The US crude steel market by end user industry can be segmented into the following segments: construction, automotive, machinery/ equipment, energy, appliances and other applications. In 2021, the dominant share of market was held by construction industry, followed by automotive, machinery/ equipment industry. Factors such increased construction and infrastructure projects and booming oil and gas industry helped in boosting market growth of the US crude steel market.
Scope of the report
Market Dynamics
Growth Drivers
Key Trends
Challenges
Key Target Audience
Key Topics Covered:
1. Market Overview
2. Impact of COVID-19
3. Market Analysis
4. Market Dynamics
5. Company Profiles
Companies Mentioned
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Ubiquitous Energy Technology Recognized for Progress Developing and Deploying Impactful Green Energy Solutions at Scale
REDWOOD CITY, Calif.--(BUSINESS WIRE)--#leadership--Ubiquitous Energy, a next-generation technology company developing truly transparent solar technology for architectural glass, received the Business Intelligence Group’s 2022 Green Company of the Year BIG Award for Business.
Renewable energy is top of mind as millions of people around the world experience the effects of climate change in real time. According to an August 2022 study by the Yale Program on Climate Change Communications, 64 percent of Americans say they are “at least somewhat worried” about climate change, while 30 percent report feeling “very worried” about it.
In the United States, the Inflation Reduction Act of 2022 catalyzed and capitalized an impactful response, aiming to make renewable energy solutions more affordable and accessible than ever. The moment has galvanized companies and consumers to take action, and it has inspired other countries to implement similar programs.
Given this momentum from consumers and governments alike, Ubiquitous Energy’s transparent, energy-generating solar windows are poised to be the next big breakthrough in a product that has remained mostly unchanged for centuries. The impact of the company’s technology reaches new potential as it prepares for product launch within the next few years. Ubiquitous Energy has already deployed prototypes of its UE Power™ transparent solar windows in several commercial and tenant-occupied buildings, and recently announced a partnership with Andersen Windows and Doors to commercialize transparent solar for residential and light commercial buildings.
“2022 has been a year of change and great progress for the next generation. We are so honored to receive this award at this critical time,” said Susan Stone, CEO at Ubiquitous Energy. “We are inspired to move forward with big things in 2023.”
“We are so proud to reward Ubiquitous Energy for their outstanding 2022 leadership and achievements,” said Maria Jimenez, chief nomination officer of the Business Intelligence Group. “This year’s group of winners have shown that resilience and determination are ‘must-haves’ in today’s economy.”
To learn more about Ubiquitous Energy, visit https://ubiquitous.energy/.
About Ubiquitous Energy
Founded in 2011, Ubiquitous Energy was started by a group of MIT and MSU technologists looking for new ways to reduce humanity's carbon footprint by seamlessly integrating solar power technology into everyday products and surfaces. With more than 200 global patent filings, Ubiquitous Energy has the world's leading transparent solar technology – the conversion of light into electricity while maintaining visible transparency. UE Power™ is a solar coating that integrates into standard windows without sacrificing beauty, design, or vision, with endless possibilities for future applications. For more information, please visit us at https://ubiquitous.energy/ or connect with us via Linkedin.
About Business Intelligence Group
The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. Unlike other industry award programs, business executives—those with experience and knowledge—judge the programs. The organization’s proprietary and unique scoring system selectively measures performance across multiple business domains and then rewards those companies whose achievements stand above those of their peers.
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DENVER--(BUSINESS WIRE)--National Grid is implementing new technology to plan for the decarbonization of its electric and gas networks. Implementing encoord’s SAInt software allows National Grid to coordinate the planning of their electric and gas infrastructure. For the first time, they will be able to quantify the tradeoffs between different operational and strategic decisions in a single platform.
Modeling and planning of energy networks have traditionally been done using a mix of separate tools and data. The addition of SAInt allows National Grid to plan electricity and gas transmission and distribution networks in a coordinated way. This is an essential step toward achieving National Grid’s ambitious decarbonization goals. Moving forward requires planners to think holistically and treat electricity and gas infrastructure as an integrated energy system.
SAInt allows National Grid to answer questions that have been difficult to answer with traditional planning tools and processes, such as:
To ensure a coordinated effort, encoord is currently training across National Grid’s planning teams. Electricity and gas planning teams are all benefiting from the use of a common planning platform. It will create new efficiency, transparency, and accuracy levels in National Grid’s planning processes.
Domenico Fuda, Director of Integrated Planning at National Grid, said:
“National Grid is committed to enabling and accelerating the transition to a clean energy future, while ensuring all customers and communities continue to have affordable and reliable options to heat their homes and run their businesses. To do this, a truly integrated plan between our gas and electric businesses is needed now more than ever. This tool will help us identify potential issues and system needs, and help our planners determine the most appropriate and cost effective solutions.”
Carlo Brancucci, CEO of encoord, said:
“To our knowledge, using SAInt across National Grid’s planning departments represents the first time a major electricity and gas utility in the US gathers its electricity and gas planning teams to use an integrated planning platform. I am convinced this will be crucial for successful integrated planning and for the company to meet its ambitious decarbonization goals. National Grid is setting a great example for all the utilities in the US and globally.”
About National Grid
National Grid (NYSE: NGG) is an electricity, natural gas, and clean energy delivery company serving more than 20 million people through our networks in New York and Massachusetts. National Grid is focused on building a path to a more affordable, reliable clean energy future through our fossil-free vision. National Grid is transforming our electricity and natural gas networks with smarter, cleaner, and more resilient energy solutions to meet the goal of reducing greenhouse gas emissions.
For more information, please visit our website, follow us on Twitter, watch us on YouTube, like us on Facebook and find our photos on Instagram.
About encoord
encoord Inc. provides software tools, data, and advisory services to help energy stakeholders plan for the energy transition. encoord’s core technology is the Scenario Analysis Interface for Energy Systems (SAInt), a software platform to model and plan energy networks and markets. encoord works with utilities, network operators, technology and project developers, regulatory agencies, and research organizations to solve operational and strategic challenges. With offices in the US and Germany, encoord serves customers internationally to change the future of energy.
For more information about encoord, visit our website and follow us on LinkedIn.
Brandon Sisson
encoord Inc.
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