DULUTH, Minn.--(BUSINESS WIRE)--Minnesota Power customers are now receiving half of their energy from renewable sources as the company becomes the first Minnesota utility to deliver 50 percent renewable energy to customers.
The achievement highlights the success of Minnesota Power’s EnergyForward strategy to transition to cleaner energy sources while meeting customer expectations for reliable and affordable electricity. The company reached this milestone when the Nobles 2 wind project in southwestern Minnesota came online this month.
“We are committed to advancing a sustainable future of reliable, affordable and increasingly lower-carbon energy for our customers and our communities and this is an important milestone in our clean energy transformation from relying almost completely on coal to delivering 50 percent renewable energy, accomplished while keeping our residential rates the lowest in the state of Minnesota and improving the reliability of our system,” said ALLETE President and CEO Bethany Owen. “We are proud of how far we have come in this transformation, but we know we have more work to do.”
The Nobles 2 wind project will supply renewable energy to Minnesota Power through a 20-year power purchase agreement. The project also is an investment for ALLETE; it is owned by Nobles 2 Power Partners LLC, whose investors include an ALLETE subsidiary, energy company Tenaska and Bright Canyon Energy.
With Nobles 2 operational, Minnesota Power’s wind portfolio has grown to approximately 870 megawatts of owned and contracted wind capacity. The Nobles 2 wind addition also adds geographic diversity to Minnesota Power’s wind portfolio, complementing its North Dakota wind sites and contracts.
Nobles 2 is the second 2020 project to help Minnesota Power reach 50 percent renewable. The first was the Great Northern Transmission line, energized this past June. This 500 kV line delivers 250 megawatts of carbon-free hydropower from Manitoba Hydro to Minnesota Power customers. Innovative power purchase agreements with Manitoba Hydro include a unique wind provision that allows Minnesota Power the flexibility to balance its intermittent wind energy in North Dakota with hydroelectric power that is available on demand.
Beyond this milestone, Minnesota Power is making additional plans to further transform its energy supply.
“Minnesota Power’s next biennial Integrated Resource Plan is scheduled to be submitted to the Minnesota Public Utilities Commission in February,” said Julie Pierce, Minnesota Power Vice President of Strategy and Planning. “That plan will outline scenarios for the thoughtful transition of our coal units at Boswell 3 and 4, the next steps for the transition to even more renewable energy, and more investments in the grid to enhance reliability, all while working to ensure affordability, the health of our communities, and opportunities for our employees.”
Under Minnesota Power’s EnergyForward strategy, the company has:
Minnesota Power provides electric service within a 26,000-square-mile area in northeastern Minnesota, supporting comfort, security and quality of life for 145,000 customers, 15 municipalities and some of the largest industrial customers in the United States. More information can be found at www.mnpower.com. ALE-CORP
The statements contained in this release and statements that ALLETE may make orally in connection with this release that are not historical facts, are forward-looking statements. Actual results may differ materially from those projected in the forward-looking statements. These forward-looking statements involve risks and uncertainties and investors are directed to the risks discussed in documents filed by ALLETE with the Securities and Exchange Commission.
Amy Rutledge
Manager - Corporate Communications
Minnesota Power/ALLETE
218-348-2961
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As part of Alpega’s growing partner ecosystem, this collaboration strengthens Alpega’s commitment to offer best-in-class solutions for logistics procurement.
STOCKHOLM & OSLO, Norway--(BUSINESS WIRE)--#ShapingTransportCollaboration--TenderEasy, Alpega’s cloud-based freight procurement solution announced today its global partnership with Xeneta, a freight rate benchmarking and market analytics platform providing the world's largest dataset of real-time and on-demand ocean and air freight rates.
The partnership delivers connected data between the TenderEasy procurement platform and Xeneta’s databases, providing customers with the latest information on rates for ocean and air freight as well as market insights. This gives customers of both solutions the possibility to see their performance relative to the overall market and steer negotiations to achieve the best services and rates.
In his comments about the announcement, Johan Vagerstam, CEO of TenderEasy, says, "We are thrilled to announce this partnership, after working together with Xeneta for years. Already today, we have many customers combining both solutions for greater value, and this is an important message to them – that this partnership is a real ‘value-add’ for freight buyers in today´s volatile market. We always strive to provide our customers with the best solutions to support the freight procurement process and this partnership is another step toward that goal."
“We are glad to partner with TenderEasy to deliver valuable information to shippers in a constantly-changing market, where data plays an essential role. Successful tendering requires the combination of instantly-available large amounts of neutral rate data as offered by the Xeneta platform and best-in-class procurement tools like TenderEasy,” said Patrik Berglund, CEO of Xeneta regarding the partnership.
About TenderEasy
TenderEasy is a market leading cloud solution for transport sourcing, freight tendering, freight spot request and rate management solutions.
As part of the Alpega Group, TenderEasy provides seamless integration to Alpega TMS. Our vision is to help our customers take advantage of the opportunities made possible by the digitalization of logistics and make one of the world's largest industries more efficient and sustainable.
For more information, please visit www.tendereasy.com
About Xeneta
Xeneta is the leading ocean freight rate benchmarking and market intelligence platform transforming the shipping and logistics industry. Xeneta’s powerful reporting and analytics platform provides liner-shipping stakeholders the data they need to understand current and historical market behavior – reporting live on market average and low/high movements for both short and long-term contracts. Xeneta’s data is comprised of over 220 million contracted container and air freight rates and covers over 160,000 global trade routes. Xeneta is a privately held company with headquarters in Oslo, Norway, and regional offices in New York and Hamburg. To learn more, please visit www.xeneta.com.
Alpega Group
Yamille Meléndez
Brand & Strategy Director
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Xeneta
Katherine Barrios
Chief Marketing Officer
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DUBLIN--(BUSINESS WIRE)--The "Global Soybean Oil Market - Growth, Trends, and Forecast (2020-2025)" report has been added to ResearchAndMarkets.com's offering.
The global soybean market is expected to register a CAGR of 5.78% during the forecast period (2020-2025).
The growing awareness among consumers regarding the advantages of soybean oil, in comparison to other vegetable edible oils, has driven its demand significantly.
China, the United States, Brazil, and India are the major countries in the world that consume soybean oil.
Low cost, easy availability, and the eco-friendly nature of soybean oil have further facilitated its use in various sectors, such as food, industrial, and feed. Soybean oil is also used in various food and industrial applications, such as for production of caulks and mastics, which are useful as adhesives or sealants.
Key Market Trends
Growing Usage of Soybean Oil in Biodiesel
Soybean acreage is much greater than other oilseed crops, leading to substantial soybean oil production and its availability as a biofuel feedstock. There are many benefits to using soybean oil in the production of biodiesel. As soybeans are widely grown, the infrastructure and equipment to grow, transport, and process them already exists.
Moreover, the leftover soybean meal is important for animal feed. The use of soybean oil for biodiesel was greatly influenced by the promotion from US soybean farmers through the United Soybean Board (USB) and the subsequent creation of the National Biodiesel Board (NBB). According to the EIA, the total share of soybean oil consumed as a biodiesel feedstock doubled, from about 15% in 2010-11 to 30% in 2017-18.
North America Holds a Prominent Share in the Market
Biodiesel is leading to the increase of the consumption of soybean oil in the country. The weak food demand is offset by theincrease in the US production of biodiesel, which uses soybean oil as a major feedstock. As per the USDA reports, soybean production declined initially (2010/11-2011/12) and then increased incrementally, with a modest improvement in yields and planted acreage.
The expected growth in the US soybean supply will allow for a moderate rise in the domestic use and exports. However, the growth of the US soybean industry is likely to slow over the next few years, as it faces stronger foreign competition and the US farmers are shifting their acreage into feed grains. Although the net returns for soybeans is likely to rise to uncommonly high levels, they are expected be lower than that of corn, and as a result, gradually limit the US soybean acreage.
Competitive Landscape
The global soybean oil market is consolidated, with the major players holding a prominent share in the market. The versatility of soybean oil is expected to emerge as an opportunity, and thereby, attract many manufacturers in the food products sector across the world.
The major players in the market are Cargill Inc., Bungee Limited, ADM, and Associated British Foods PLC.
Key Topics Covered:
1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
3.1 Market Overview
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 By Application
5.1.1 Food
5.1.1.1 Spreads
5.1.1.2 Bakery and Confectionery
5.1.1.3 Other Applications
5.1.2 Animal Feed
5.1.3 Industrial
5.2 Geography
6 COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Archer Daniels Midland Company
6.4.2 Associated British Foods PLC
6.4.3 Bungee Limited
6.4.4 Cargill Incorporated
6.4.5 Corteva
6.4.6 Olam International
6.4.7 Wilmar International Ltd
6.4.8 Granol
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/nouu80
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LONDON--(BUSINESS WIRE)--#PassengerCarMotorOil--Technavio has been monitoring the passenger car motor oil (PCMO) market and it is poised to grow by 508.60 million gallons during 2020-2024, progressing at a CAGR of about 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the passenger car motor oil (PCMO) market. The market growth in 2020 is likely to increase compared to the market growth in 2019.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. BP Plc, Chevron Corp., China National Petroleum Corp., China Petrochemical Corp., Exxon Mobil Corp., FUCHS PETROLUB SE, Idemitsu Kosan Co. Ltd., Royal Dutch Shell Plc, Total SA, and Valvoline Inc. are some of the major market participants. Although the rising vehicle population leading to high consumption of PCMO will offer immense growth opportunities, the high investment needed to make changes to additive technology is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this passenger car motor oil (PCMO) market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Passenger Car Motor Oil (PCMO) Market 2020-2024: Segmentation
Passenger Car Motor Oil (PCMO) Market is segmented as below:
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Passenger Car Motor Oil (PCMO) Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The passenger car motor oil (pcmo) market report covers the following areas:
This study identifies the automotive industry marching toward the adoption of low viscosity grades as one of the prime reasons driving the passenger car motor oil (PCMO) market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Passenger Car Motor Oil (PCMO) Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by Viscosity Grade
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Through an Energy Savings Performance Contract, AECOM will retrofit Los Angeles’ Joint Water Pollution Control Plant, which serves five-million residents, businesses and industries
LOS ANGELES--(BUSINESS WIRE)--AECOM (NYSE: ACM), the world’s premier infrastructure consulting firm, today announced that it has been selected to perform work through an Energy Savings Performance Contract for the Los Angeles County Sanitation Districts’ Joint Water Pollution Control Plant (JWPCP) in Carson, California. The contract includes upgrades to the pure oxygen production process, which can result in more than $1.3 million in energy, water, and maintenance cost savings annually and more than $8 million in avoided capital expenditure. AECOM was competitively selected to complete the project feasibility study and will now move to final design, construction, commissioning, and performance guarantee, with a contract totaling over $41 million.
“We’re honored to partner with the Los Angeles County Sanitation Districts to upgrade its JWPCP facility, leveraging the strength of our technical expertise from designing and constructing many large-scale, multi-phase water projects to help improve service for millions of people across Los Angeles,” said Lara Poloni, AECOM’s president. “We are the largest environmental firm as ranked by ENR, and this important project reflects our commitment to lead in environmental, social and governance (ESG) best practices and make a positive impact on the communities we serve.”
“We are excited to have hired AECOM to complete this important retrofit for our agency. They have the special expertise required to successfully complete this complex project. Performing this work through an Energy Savings Performance Contract gets us a completed project sooner, which will provide savings to our ratepayers sooner,” said Paul Mikulas, supervising engineer in the Sanitation Districts’ Wastewater and Solid Waste Design Section.
AECOM’s scope of work includes the replacement of two 150 tons per day backup Cryogenic Oxygen Generation Plants with two Vacuum Pressure Swing Adsorption (VPSA) units, which is critical to the plant’s biological system and the facility meeting effluent requirements. The current Cryogenic Systems require multiple days to startup and achieve the required oxygen purity and production levels, making it imperative that the two backup units operate continuously. The main advantage of the new VPSA units is they will not need to operate continuously.
“The JWPCP is a 400 million gallons per day, activated sludge treatment plant that serves five-million residents, businesses and industries in Los Angeles County. The pure oxygen system is one of the most critical facilities in the treatment plant,” said Annika Moman, senior vice president of AECOM’s Design and Consulting Services group’s Energy practice. “The new VPSA units utilize adsorption media to separate oxygen from ambient air, achieving oxygen purity and production levels within a few hours. Thus, these units will not operate continuously, resulting in substantial energy, operation, and maintenance cost savings.”
AECOM’s previous work in this space includes project and construction management for similar retrofits of wastewater plants, including experience in optimizing downstream oxygen utilization through better operations and controls, understanding environmental impacts to attain required permits, and expertise in energy engineering that includes the establishment of a well-documented baseline and detailed measurement and verification plans.
About AECOM
AECOM (NYSE: ACM) is the world’s premier infrastructure consulting firm, delivering professional services throughout the project lifecycle – from planning, design and engineering to program and construction management. On projects spanning transportation, buildings, water, energy and the environment, our public- and private-sector clients trust us to solve their most complex challenges. Our teams are driven by a common purpose to deliver a better world through our unrivaled technical expertise and innovation, a culture of equity, diversity and inclusion, and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business had revenue of $13.2 billion in fiscal year 2020. See how we deliver what others can only imagine at aecom.com and @AECOM.
Forward-Looking Statements
All statements in this communication other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, coronavirus impacts, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; impacts caused by the coronavirus and the related economic instability and market volatility, including the reaction of governments to the coronavirus, including any prolonged period of travel, commercial or other similar restrictions, the delay in commencement, or temporary or permanent halting of construction, infrastructure or other projects, requirements that we remove our employees or personnel from the field for their protection, and delays or reductions in planned initiatives by our governmental or commercial clients or potential clients; losses under fixed-price contracts; limited control over operations run through our joint venture entities; liability for misconduct by our employees or consultants; failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; high leverage and potential inability to service our debt and guarantees; exposure to Brexit; exposure to political and economic risks in different countries; currency exchange rate fluctuations; retaining and recruiting key technical and management personnel; legal claims; inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; AECOM Capital real estate development projects; managing pension cost; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of the Power transaction and other recent acquisitions and divestitures, including the risk that the expected benefits of such transactions or any contingent purchase price will not be realized within the expected time frame, in full or at all; the risk that costs of restructuring transactions and other costs incurred in connection with recent acquisitions and divestitures will exceed our estimates or otherwise adversely affect our business or operations; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.
Investor Contact:
Will Gabrielski
Senior Vice President, Investor Relations
213.593.8208
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Vice President, Global Communications & Corporate Responsibility
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HOUSTON--(BUSINESS WIRE)--Calpine Corporation today announced the closing of $900,000,000 in aggregate principal amount of its 3.750% Senior Secured Notes due 2031 in a private placement.
The net proceeds from this offering, together with cash on hand, were used to (i) repay approximately $515 million of borrowings outstanding under Calpine Corporation’s first lien term loan facility maturing in 2024 (the “2024 First Lien Term Loan”), (ii) purchase $335 million in aggregate principal amount of its outstanding 5.250% Senior Secured Notes due 2026 (the “2026 Notes”) pursuant to a tender offer of the 2026 Notes and (iii) pay premiums, fees and expenses relating to this offering, the repayment of the 2024 First Lien Term Loan and the tender offer to purchase the 2026 Notes. Any net proceeds from the offering in excess of that used for the purposes described above will be used for general corporate purposes.
The notes will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States without registration under the Securities Act or pursuant to an applicable exemption from such registration.
This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, any security and nor shall there be any offer, solicitation or sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful. This announcement does not constitute an offer to purchase, the solicitation of an offer to sell, or a notice to redeem any of the 2026 Notes.
About Calpine
Calpine Corporation is America’s largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Our fleet of 76 power plants in operation, including one under construction, represents nearly 26,000 megawatts of generation capacity. Through wholesale power operations and our retail businesses, Calpine Energy Solutions and Champion Energy, we serve customers in 23 states in the United States and in Canada and Mexico. Our clean, efficient, modern and flexible fleet uses advanced technologies to generate power in a low-carbon and environmentally responsible manner. We are uniquely positioned to benefit from the secular trends affecting our industry, including the abundant and affordable supply of clean natural gas, environmental regulation, aging power generation infrastructure and the increasing need for dispatchable power plants to successfully integrate intermittent renewables into the grid.
Forward-Looking Information
In addition to historical information, this release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We use words such as “believe,” “intend,” “expect,” “anticipate,” “plan,” “may,” “will,” “should,” “estimate,” “potential,” “project” and similar expressions to identify forward-looking statements. Such statements include, among others, those concerning our expected financial performance and strategic and operational plans, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. We believe that the forward-looking statements are based upon reasonable assumptions and expectations. However, you are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause actual results to differ materially from those anticipated in the forward-looking statements.
Given the risks and uncertainties surrounding forward-looking statements, you should not place undue reliance on these statements. Many of these factors are beyond our ability to control or predict. Our forward-looking statements speak only as of the date of this release. Other than as required by law, Calpine Corporation undertakes no obligation to update or revise any such statements, whether as a result of new information, future events or otherwise.
Media Contact:
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Vice President, External Affairs
713-830-8809
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DUBLIN--(BUSINESS WIRE)--The "Pontoon Boat Market by Application Type, by Tube Type, by End-Use Type, by Size Type, and by Region, Size, Share, Trend, Forecast & Competitive Analysis: 2020-2025" report has been added to ResearchAndMarkets.com's offering.
The pontoon boats market is estimated to reach an estimated US$ 2.5 billion in 2025, offering good opportunities for the market participants in the long-term scenario. The market was likely to exhibit impressive growth in 2020, compensating the marginal decline faced in 2019.
This comprehensive report studies the pontoon boat market over the trend period of 2014 to 2019 and the forecast period of 2020 to 2025 in terms of both, unit shipments as well as value.
The report estimates the short- as well as long-term repercussions of the COVID-19 pandemic on the demand for pontoon boats at the global, regional, as well as country level. Also, the report provides the possible loss that the industry will register by comparing pre-COVID and post-COVID scenario. The vital data/information provided in the report can play a crucial role for market participants as well as investors in formulating short-term as well as long-term growth strategies.
The Pontoon Boats Market: Highlights
Pontoon boats are flat-deck boats containing two or more floating hulls or tubes typically powered by an outboard engine. They generally have either square or rectangular shapes, which make them less suitable for choppy or rough water; however, they are widely preferred in lakes where they are used for varied functions, such as entertainment, fishing, and lounging. These boats have large deck space, which adds more seating space, luxury, comfort, extra storage space, and additional room for various activities as per users' interest.
The pontoon boats market has grown tremendously in the past years, it is among the first in the boating industry to rebound from the downturn in sales caused by the Great Recession (2008).
However, the COVID-19 outbreak has devastated the growth trajectory of the entire boating industry, ruining the tireless efforts of one decade of industry stakeholders. Pontoon boats could not prevent themselves from those tendencies and are estimated to experience a hefty decline of -25.5% on a YoY basis in 2020, crushing the market to below the year 2015-value.
It is also estimated that the pontoon boats market is likely to mark the fastest rebound among all boat types in the post-pandemic scenario. The market will find some solace with some driving factors including expected growth in the HNWI population, increasing boating participants, increasing share of pontoon boats in the outboard boats, versatile usage of pontoon boats, advancements in the boat engine technology, and higher affordability of pontoon boats.
Pontoon boats have been gaining share in the outboard boats market, and their attractiveness has led to the entry of boating players in the market. After the recession, the sales of pontoon boats were so high that even the established industry players in fiberglass boats also began to enter the pontoon boats market:
Key Topics Covered:
1. Executive Summary
2. Pontoon Boats Market Overview and Segmentation
2.1. Introduction
2.2. Pontoon Boats Market Segmentation
2.2.1. By Application Type
2.2.2. By Tube Type
2.2.3. By End-Use Type
2.2.4. By Size Type
2.2.5. By Region
2.3. Supply Chain Analysis
2.4. Industry Life Cycle Analysis
2.5. PEST Analysis
2.6. SWOT Analysis
3. Pontoon Boats Market- The COVID-19 Impact Assessment
3.1. Insights
3.2. Pontoon Boats Market Trend and Forecast (US$ Million and Thousand Units)
3.3. Pre-COVID vs Post-COVID Assessment
3.4. The Pandemic: Real GDP Loss vs. Pontoon Boats Market Loss (2020-2021)
3.5. Market Scenario Analysis: Pessimistic, Most Likely, and Optimistic
3.6. Profitability Analysis
3.7. Market Segments' Analysis (US$ Million and Thousand Units)
3.8. Regional and Country-Level Analysis (US$ Million and Thousand Units)
3.9. Market Drivers
3.10. Market Challenges
4. Competitive Analysis
4.1. Insights
4.2. Product Portfolio Analysis
4.3. Geographical Presence
4.4. New Product Launches
4.5. Strategic Alliances
4.6. Market Share Analysis
4.7. Porter's Five Forces Analysis
5. Pontoon Boats Market Trend and Forecast by Application Type (2014-2025)
5.1. Insights
5.2. Family-Fun: Regional Trend and Forecast (US$ Million and Thousand Units)
5.3. Fishing: Regional Trend and Forecast (US$ Million and Thousand Units)
5.4. Cruising: Regional Trend and Forecast (US$ Million and Thousand Units)
5.5. Watersports: Regional Trend and Forecast (US$ Million and Thousand Units)
5.6. Others: Regional Trend and Forecast (US$ Million and Thousand Units)
6. Pontoon Boats Market Trend and Forecast by Tube Type (2014-2025)
6.1. Insights
6.2. Two-Tube Pontoon: Regional Trend and Forecast (US$ Million and Thousand Units)
6.3. Three-Tube Pontoon: Regional Trend and Forecast (US$ Million and Thousand Units)
7. Pontoon Boats Market Trend and Forecast by End-Use Type (2014-2025)
7.1. Insights
7.2. Private: Regional Trend and Forecast (US$ Million and Thousand Units)
7.3. Commercial: Regional Trend and Forecast (US$ Million and Thousand Units)
8. Pontoon Boats Market Trend and Forecast by Size Type (2014-2025)
8.1. Insights
8.2. &lessThan; 20 Feet: Regional Trend and Forecast (US$ Million and Thousand Units)
8.3. 20-25 Feet: Regional Trend and Forecast (US$ Million and Thousand Units)
8.4. >25 Feet: Regional Trend and Forecast (US$ Million and Thousand Units)
9. Pontoon Boats Market Trend and Forecast by Region (2014-2025)
10. Strategic Growth Opportunities
10.1. Insights
10.2. Market Attractiveness Analysis
10.2.1. Market Attractiveness by Application Type
10.2.2. Market Attractiveness by Tube Type
10.2.3. Market Attractiveness by End-Use Type
10.2.4. Market Attractiveness by Size Type
10.2.5. Market Attractiveness by Region
10.2.6. Market Attractiveness by Country
10.3. Emerging Trends
10.4. Growth Matrix Analysis
10.5. Key Success Factors (KSFs)
11. Company Profile of Key Players (Profiling, Financial Information, Competition, Strategies, etc.)
11.1. Avalon Pontoon Boats
11.2. Brunswick Corporation
11.3. Forest River Inc.
11.4. MasterCraft Boat Company, LLC
11.5. Polaris Inc. (Boat Holdings, LLC.)
11.6. Smoker Craft, Inc.
11.7. Triton Industries Inc. (Manitou Pontoon Boats)
11.8. White River Marine Group
For more information about this report visit https://www.researchandmarkets.com/r/o919ih
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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LONDON--(BUSINESS WIRE)--#apac--The Soybean Oil Market is poised to experience spend growth of more than USD 2 billion between 2020-2024 at a CAGR of over 3.71%. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Request free sample pages
Read the 120-page research report with TOC and LOE on "Soybean Oil Market – Procurement Intelligence Report, Pricing Outlook in Geographies that include APAC, North America, South America, and MEA, and insights into best practices to optimize procurement spend."
SpendEdge's reports now include an in-depth complimentary analysis of the COVID-19 impact on procurement and the latest market data to help your company overcome sourcing challenges. Our Soybean Oil Market procurement intelligence report offers actionable procurement intelligence insights, sourcing strategies, and action plans to mitigate risks arising out of the current pandemic situation. The insights offered by our reports will help procurement professionals streamline supply chain operations and gain insights into the best procurement practices to mitigate losses.
Information on Latest Trends and Supply Chain Market Information Knowledge centre on COVID-19 impact assessment
Insights into the Market Price Trends
Insights to help buyers identify and shortlist the most suitable suppliers for their Soybean Oil Market requirements. This procurement report answers the following questions:
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Insights into strategies that will help buyers optimize their category management practices. The report answers the following questions:
Some of the top Soybean Oil Market suppliers enlisted in this report
This Soybean Oil Market procurement intelligence report has enlisted the top suppliers and their cost structures, SLA terms, best selection criteria, and negotiation strategies.
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Table of Content
Executive Summary
Market Insights
Category Pricing Insights
Cost-saving Opportunities
Best Practices
Category Ecosystem
Category Management Strategy
Category Management Enablers
Suppliers Selection
Suppliers under Coverage
US Market Insights
Category scope
Appendix
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HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes (NYSE: BKR) will hold a webcast on Thursday, January 21, 2021 to discuss the results for the fourth quarter and full year ending December 31, 2020. The webcast is scheduled to begin at 9:00 a.m. Eastern Time (8:00 a.m. Central Time). A press release announcing the results will be issued at 7:00 a.m. Eastern Time (6:00 a.m. Central Time).
To access the webcast, listeners should visit the Baker Hughes website at: investors.bakerhughes.com. An archived version will be available on the website following the webcast.
About Baker Hughes:
Baker Hughes (NYSE: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and with operations in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.
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BILBAO, Spain--(BUSINESS WIRE)--#EUDefenceAgency--The Spanish company SATLANTIS MICROSATS signed in October a grant agreement with the European Commission within the first edition of the EDIDP Programme (European Defence Industrial Development Programme) through the project OPTISSE.
In it, SATLANTIS is leading a Consortium of five companies from five European countries: ColomboSky (Italy), Syrlinks (France), Astro- und Feinwerktechnik (Germany), Solaris Optics (Poland), plus Everis Aerospace and Defense (Spain) as associated partner. The Call for Proposal addressed innovative SMEs and required the support of the Ministries of Defence whose companies are represented in the Consortium. Therefore, all the Ministries will be involved in the project, acting as potential final users and generating the operational requirements.
One of the most important objectives of the EDIDP Programme is to demonstrate the contribution that European SMEs can provide to the Defence sector, with the scope to build a technological supply chain for the Union autonomy and strengthen the role of SMEs in the industrial landscape.
To celebrate the project start, the Consortium gathered in a Virtual Kick-off Meeting held on November 3rd, with the participation of the European Commission, through the Project Officer assigned to the action, and of Spain Ministry of Defence that, due to SATLANTIS leadership in the Consortium, will represent the Defence community.
The OPTISSE project consists of the development of four critical technologies for maritime surveillance missions, specifically: an advanced opto-mechanical system, an agile attitude control system, a real-time detection filter, a high data-rate transceiver for data download.
The project represents a challenge for each member of the Consortium, and especially for SATLANTIS, whose aim is to reach a 0,5m spatial resolution with a miniaturized optical payload. The company CEO, Juan Tomás Hernani, stated: “only two scenarios are foreseen within the project: one in which we will achieve the objectives with no issues, and the other one in which we will have to face important mechanical challenges. In any case, we don’t question the success of the project and the excellence of our partners.”
Maik Hartmann, Vice Director of Astrofein affirmed: "the Agility requirements that the project is demanding will translate into an advancement of the state-of-the-art for attitude control systems”.
Because success of the project and highest standards of excellence are not in question, OPTISSE may serve as an ideal testbed for subsequent endeavours.
Marta Massimiani
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EL SEGUNDO, Calif.--(BUSINESS WIRE)--#48V--BrightLoop Converters has greatly reduced the size, cost and improved reliability of its latest BB SP DC-DC buck converters thanks to Efficient Power Conversion Corporation’s (EPC) EPC2029 enhancement-mode gallium nitride (eGaN®) FET transistors. By switching from silicon (Si) transistors to gallium nitride (GaN), BrightLoop was able to increase the switching frequency of their design from 200 kHz to 600 kHz, while keeping the same efficiency. This design change increased the power density of the solution by a factor of approximately two and this resulted in lower cost by enabling the implementation of a smaller enclosure.
EPC’s EPC2029 is an 80 V, 48 A eGaN® FET featuring a 1 mm ball pitch. The wider pitch allows for placement of additional and larger vias under the device to enable high current carrying capability despite the extremely small 2.6 mm x 4.6 mm footprint.
Compared to a state-of-the-art silicon power MOSFET with similar on-resistance, the EPC2029 is much smaller and has many times superior switching performance, making it ideal for applications such as BrightLoop’s high frequency BB SP DC-DC converter.
BrightLoop’s converters are used primarily in motorsports and supercars with other applications including commercial and off-highway vehicles. Future higher power versions are coming next year to address the mild hybrid applications such as electrical starting assistance.
The BB SP is relevant in any dual voltage architecture (14 V / 48 V or 14 V / 24 V), or where a certain load is available only with a voltage that is different from the regular network (for example a 48 V pump on a 14V car), in which case the conversion can be done by the BB SP locally, just in front of the load.
To make the use of BB SP interesting, it needs to have negligible losses and weight compared with the rest of the system. This is possible thanks to EPC’s eGaN FETs. For example, a 48V actuator plus BB SP using GaN can be lighter weight than the equivalent 12 V actuator.
Another important feature, thanks to BrightLoop’s expertise in ultra-high speed digital control, is the ability to implement a closed control loop at 600 kHz, same as the switching frequency. The resulting bandwidth is so high, that very little capacitance is required. This has meant that electrolytic capacitors could be avoided, and only ceramic capacitors were used in the BB SP, reducing further the size and cost, while dramatically improving reliability.
Florent Liffran, CEO of BrightLoop Converters commenting on the development said, “BrightLoop Converters is excited to partner with EPC and to leverage their great expertise in GaN power transistors. Using EPC products has allowed us to design best-in-class solutions for automotive applications with converters that are drastically smaller and lighter than competition, such as the BB SP. We are proud to provide our customers with the best power conversion technologies on the market.”
Wolfram Krueger, EPC’s VP of Sales for EMEA added, “This is a great example of where our eGaN FETs demonstrate real advantage over silicon FETs by delivering performance in a significantly smaller package and the extreme reliability that is needed in these ultra-fast supercars. We are delighted to be working with BrightLoop Converters and are looking forward to working together on future applications.”
About EPC
EPC is the leader in enhancement-mode gallium nitride-based power management devices. EPC was the first to introduce enhancement-mode gallium-nitride-on-silicon (eGaN) FETs as power MOSFET replacements in applications such as DC-DC converters, wireless power transfer, envelope tracking, RF transmission, power inverters, remote sensing technology (lidar), and class-D audio amplifiers with device performance many times greater than the best silicon power MOSFETs. EPC also has a growing portfolio of eGaN-based integrated circuits that provide even greater space, energy, and cost efficiency.
Visit our web site: www.epc-co.com
eGaN is a registered trademark of Efficient Power Conversion Corporation, Inc.
About BrightLoop Converters
BrightLoop Converters is a leading French company in power electronics for top-performance applications. Addressing the needs of the harshest environments such as motorsports, defence, aerospace and railways, BrightLoop Converters develops and manufactures high efficiency and high reliability power converters with the best power-to-weight ratio on the market. Already supplying first-class players in the most demanding hybrid and electric series such as Formula 1, Formula E or ETCR, the goal for BrightLoop is more than ever to keep innovating and revolutionizing the world of power electronics. For more information, please visit: https://www.brightloop.fr/en/ or follow us on LinkedIn.
Efficient Power Conversion: Renee Yawger tel: +1.908.475.5702 email: This email address is being protected from spambots. You need JavaScript enabled to view it.
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BrightLoop Converters: Laure Carpentier, tel: +33 1 83 62 63 59, email: This email address is being protected from spambots. You need JavaScript enabled to view it.
HOUSTON--(BUSINESS WIRE)--Calpine Corporation announced today the early results of its previously announced cash tender offer (the “Offer”) to purchase up to $335 million in aggregate principal amount (the “Tender Cap Amount”) of its outstanding 5.250% Senior Secured Notes due 2026 (CUSIP Nos.: 131347 CK0 / U13055 AR6 / U13055 AS4) (the “Notes”). The terms and conditions of the Offer are described in an Offer to Purchase, dated December 2, 2020 (the “Offer to Purchase”). The Early Tender Date (as defined in the Offer to Purchase) occurred at 5:00 p.m., New York City time, on December 15, 2020.
As of the Early Tender Date, $1,016,313,000 principal amount, or approximately 85.8% of the outstanding aggregate principal amount, of the Notes, had been validly tendered (and not validly withdrawn). Calpine Corporation has accepted for purchase approximately $335 million principal amount of Notes validly tendered and not validly withdrawn prior to the Early Tender Date pursuant to the Offer. Because the amount of Notes validly tendered and not validly withdrawn exceeds the Tender Cap Amount, such Notes will be accepted on a pro rata basis as set forth in the Offer to Purchase, subject to a proration factor of approximately 33.0%.
Holders who validly tendered (and did not validly withdraw) their Notes at or prior to the Early Tender Date will receive $1,047.25 per $1,000 principal amount of Notes accepted, plus accrued and unpaid interest from the last interest payment date with respect to the Notes to, but not including, December 17, 2020. Although the Offer is scheduled to expire at 11:59 p.m., New York City time, on December 30, 2020, Calpine Corporation does not expect to accept for purchase any tenders of Notes after the Early Tender Date.
J.P. Morgan Securities LLC is the dealer manager for the Offer. D.F. King & Co., Inc. has been retained to serve as both the tender agent and the information agent. Persons with questions regarding the Offer should contact J.P. Morgan Securities LLC at (866) 834-4087 (U.S. toll-free) and (212) 834-4087 (collect). Copies of the Offer to Purchase and other related materials may be obtained online at www.dfking.com/calpine or by contacting D.F. King & Co., Inc. at (toll-free) (877) 478-5043 or (collect) (212) 269-5550 or email: This email address is being protected from spambots. You need JavaScript enabled to view it..
None of Calpine Corporation or its affiliates, its board of directors, the dealer manager, the tender agent and the information agent or the trustee for the Notes, makes any recommendation as to whether holders of the Notes should tender or refrain from tendering the Notes.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes or any other securities, nor shall there be any sale of the Notes or any other securities in any state in which such offer, solicitation or sale would be unlawful. The Offer is made only through the use of the Offer to Purchase. The Offer is not being made to holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction in which the Offer is required to be made by a licensed broker or dealer, the Offer will be deemed to be made on behalf of Calpine Corporation by the dealer manager or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction.
About Calpine
Calpine Corporation is America’s largest generator of electricity from natural gas and geothermal resources with operations in competitive power markets. Our fleet of 76 power plants in operation, including one under construction, represents nearly 26,000 megawatts of generation capacity. Through wholesale power operations and our retail businesses, Calpine Energy Solutions and Champion Energy, we serve customers in 23 states in the United States and in Canada and Mexico. Our clean, efficient, modern and flexible fleet uses advanced technologies to generate power in a low-carbon and environmentally responsible manner. We are uniquely positioned to benefit from the secular trends affecting our industry, including the abundant and affordable supply of clean natural gas, environmental regulation, aging power generation infrastructure and the increasing need for dispatchable power plants to successfully integrate intermittent renewables into the grid.
Forward-Looking Information
In addition to historical information, this release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We use words such as “believe,” “intend,” “expect,” “anticipate,” “plan,” “may,” “will,” “should,” “estimate,” “potential,” “project” and similar expressions to identify forward-looking statements. Such statements include, among others, those concerning our expected financial performance and strategic and operational plans, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. We believe that the forward-looking statements are based upon reasonable assumptions and expectations. However, you are cautioned that any such forward-looking statements are not guarantees of future performance and that a number of risks and uncertainties could cause actual results to differ materially from those anticipated in the forward-looking statements. Given the risks and uncertainties surrounding forward-looking statements, you should not place undue reliance on these statements. Many of these factors are beyond our ability to control or predict. Our forward-looking statements speak only as of the date of this release. Other than as required by law, Calpine Corporation undertakes no obligation to update or revise any such statements, whether as a result of new information, future events or otherwise.
Media Contact:
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Black & Veatch technology lead selected for expertise in hydrogen solutions and technologies, decarbonization
OVERLAND PARK, Kan.--(BUSINESS WIRE)--Black & Veatch announces today that Jason Rowell, associate vice president and global technology portfolio manager with the company’s global power business, has been named to the California Hydrogen Business Council (CHBC) Board of Directors. CHBC is a membership-based trade association that advocates for the hydrogen and fuel cell industry in California.
The global hydrogen market is rapidly evolving as clean, sustainable hydrogen emerges as a critical element in enabling our zero-emission future. Hydrogen has the potential to reduce and replace global reliance on fossil fuels for heating, transport, production of green chemicals and fertilizer, storage and electricity generation and more.
Headquartered in Yorba Linda, California, CHBC works to advance the commercialization of hydrogen and fuel cells in the energy and transportation sectors to achieve California’s climate, air quality and decarbonization goals.
Rowell, an expert in hydrogen solutions and technologies, takes his seat on the board alongside several industry leaders, including Katrina Fritz, California Stationary Fuel Cell Collaborative; Mark Abramowitz, Community Environmental Services; Gordon Dash, DasH2energy; Matthew Fairlie, Next Hydrogen; and Philippe Gerretsen, Nikola Motor.
“The CHBC is pleased to have a leader of Jason’s caliber join the Board of Directors,” said Bill Zobel, executive director of the CHBC. “His role and expertise with Black & Veatch to deploy cutting-edge technologies, particularly hydrogen infrastructure, will bring an invaluable depth of knowledge to the CHBC’s policy development and advocacy in Sacramento.”
With more than two decades of experience in the power industry – including 13 years with Black & Veatch – Rowell directs the development and implementation of industry-leading sustainable power solutions.
“I’m thrilled to join the board of CHBC, given their strong history of advocating for and promoting hydrogen in California,” Rowell said. “Black & Veatch is actively involved in the hydrogen revolution – from delivering green hydrogen for power generation and storage, advanced transportation and fuel-cell technology, to processing blue hydrogen with carbon capture technology.”
“We are deeply committed to using technology and innovation to advance sustainability around the globe,” Rowell added. “I look forward to engaging with CHBC’s members and stakeholders as we work to promote the adoption of hydrogen technologies at scale.”
Editor’s Notes:
About Black & Veatch
Black & Veatch is an employee-owned engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people in over 100 countries by addressing the resilience and reliability of our world’s most important infrastructure assets. Our revenues in 2019 were US$3.7 billion. Follow us on www.bv.com and on social media.
About the California Hydrogen Business Council
The California Hydrogen Business Council (CHBC) is comprised of over 100 companies, agencies and individuals involved in the business of hydrogen. Our mission is to advance the commercialization of hydrogen in the energy sector, including transportation, goods movement, and stationary power systems to reduce emissions and dependence on oil. More information at www.californiahydrogen.org.
Media Contact Information:
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MADISON, Wis.--(BUSINESS WIRE)--MGE Energy, Inc. (Nasdaq: MGEE) highlights the University of Wisconsin-Madison's analysis of Madison Gas and Electric's net-zero carbon electricity goal in its latest investor newsletter, "Interim Report," which also includes the following topics:
The newsletter is available on MGE Energy's website at: https://www.mgeenergy.com/interimreport
Interim Report is published quarterly to provide investors with information about MGE Energy and its primary subsidiary, Madison Gas and Electric.
About MGE Energy
MGE Energy is an investor-owned public utility holding company headquartered in the state capital of Madison, Wis. It is the parent company of Madison Gas and Electric, which generates and distributes electricity in Dane County, Wis., and purchases and distributes natural gas in seven south-central and western Wisconsin counties. MGE Energy's assets total approximately $2 billion, and its 2019 revenues were approximately $569 million.
Investor relations contact
Ken Frassetto
Director Shareholder Services and Treasury Management
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Sakellaris, a Pioneer in the Energy Industry, Named E+E 100 Honoree and Silver Winner of Best in Biz Awards
FRAMINGHAM, Mass.--(BUSINESS WIRE)--#bestinbiz--Ameresco, Inc., (NYSE: AMRC), a leading energy efficiency and renewable energy solutions company, today announced that its founder, president and CEO George Sakellaris was named an Environment + Energy Leader E+E 100 Honoree and the Silver Winner of Best in Biz’s Executive of the Year category.
George has been selected as one of the E+E 100 honorees, a list that recognizes individuals who are creating new solutions and best practices for achieving greater environment and energy success. George has exemplified his commitment through Ameresco’s continued innovation and growth.
In addition to his selection as an E+E 100 honoree, George was also named the Silver Winner of Best in Biz’s Executive of the Year category. Winners of this award are chosen across industries for their leadership, altruism and innovation. George’s contributions towards educating the public on the importance of renewable energy cemented him as a leader on the cutting-edge developments of this industry.
“In this wild year, it’s amazing to see companies still innovating, adapting, and thriving,” said Christopher Null, Wired, having judged seven of the last 10 Best in Biz Awards programs. “There’s so much in the business world that is inspirational right now.”
“Corporate resiliency has never been more important than in 2020 and the winning entries in the 10th annual Best in Biz Awards have impressive accomplishments in this area,” said Mark Huffman, Consumer Affairs, having judged six of the last 10 Best in Biz Awards competitions.
These distinctions follow George’s finalist nomination for S&P Global Platts Global Energy Awards’ Lifetime Achievement award. His passion for clean energy has culminated in the celebration of his 20th year as CEO and Ameresco’s 20th year in business. Looking ahead, he is eager to continue advocating for the company’s mission and impactful work.
“Working closely with [George] over the last 20 years and watching him lead this once start-up company to become a publicly-traded energy efficiency and renewable energy solutions industry leader, has been an extraordinary and gratifying experience,” said David J. Anderson, Executive Vice President and Director of Ameresco. “His vision, leadership and business instincts are second-to-none. His passion for this business, and relentless dedication to succeed, is contagious and unmatched."
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading independent provider of comprehensive services, energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include upgrades to a facility’s energy infrastructure and the development, construction and operation of renewable energy plants. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.
Media Contact:
Ameresco: Leila Dillon, 508-661-2264, This email address is being protected from spambots. You need JavaScript enabled to view it.
Enterprise-grade technology that is plug and play for low-touch deployment
SAN FRANCISCO--(BUSINESS WIRE)--#Covid19--What if your laboratory freezer monitoring solution could tell you the temperature as well as the condition of your freezer to alert you of potential device failures? This question is on the minds of sites across the country storing and distributing the COVID-19 vaccine from several pharmaceutical companies as they prepare to maintain precise freezer conditions. WattIQ, maker of enterprise-grade device monitoring technology for the life sciences industry, today announced the commercial availability of a new solution to monitor the condition of freezers and refrigerators. Building on the original application of WattIQ’s power monitoring solution that provided insight into energy efficiency over the life of a freezer, the expanded solution now offers insights into freezers with the best reliability, fastest recovery times, best efficiency, and lowest cost of ownership across any make or model. See WattIQ’s video: https://www.youtube.com/watch?v=q6CBmn4ZPqw
Read how a National Laboratory avoided a freezer failure in this blog.
From the latest vaccine technologies to high value samples in life sciences, the need to have confidence in monitoring the fleet of refrigerated devices is more critical than ever. Existing solutions traditionally only monitor temperature and door openings which tend to be more reactive than proactive. The lack of insight on the reliability, efficiency and temperature stability across a fleet of freezers results in unplanned failure, loss of irreplaceable product and excess redundancy in the fleet. WattIQ now enables customers to take the guesswork out of the safest freezer for everything from protecting life-saving vaccines to powering cost-saving procurement decisions with data.
Earlier this year, WattIQ announced the commercial availability of the world’s first scalable, enterprise-grade IoT solution for asset utilization and condition monitoring built around smart plugs.
WattIQ’s low-touch solutions get assets connected to the network in just minutes. Within 60 seconds of being connected, power, temperature and door sensor data for the asset is visible. It is also possible to pilot or fully deploy the technology without the need to invite WattIQ onsite. The WattIQ system is both manufacturer- and device type-agnostic and can scale from tens to thousands of assets within a building or across multiple sites. The centralized dashboard enables easy management of the smart plugs, as well as insights from an individual asset to an aggregated asset class or department view.
About WattIQ:
WattIQ, formerly known as Ibis Networks, is the only enterprise-grade IoT solution that connects thousands of unconnected electrical assets, making it possible for the first time to monitor utilization, health, safety, and location using a single device, the smart plug. The data generated helps customers in pharma, biotech, and other industries to enable asset sharing, make critical procurement and maintenance contract decisions, prevent unplanned device failures, and protect valuable products and science. For more information, visit WattIQ at www.wattiq.io and follow us on Twitter and LinkedIn.
MEDIA:
Todd Mirzaian
918.504.9523
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www.wattiq.io
Companies Sign Seven-Year Energy Storage Services Agreement for Development of 100-Megawatt Battery Storage Project in Astoria, Queens
Project Escalates New York’s Transition to a Sustainable Energy Future
NEW YORK--(BUSINESS WIRE)--174 Power Global and Con Edison today announced the signing of a seven-year dispatch rights agreement for the development of a 100-megawatt battery storage project, the East River Energy Storage System, in Astoria, Queens.
174 Power Global will build and own the battery system, which is expected to be one of the biggest in New York State. The facility will be located on land owned by the New York Power Authority (NYPA) and leased under a long-term contract to 174 Power Global. The new, energy storage system represents a redevelopment of the Charles Poletti Power Plant property, repowering New York City’s grid with a clean energy resource.
"New York is an important market for 174 Power Global due to the state’s commitment to clean energy,” said 174 Power Global President and CEO Henry Yun, PhD. “We are proud to have been selected by Con Edison for this project, and we look forward to working together to help bring clean power, as well as other regional electricity and economic benefits, to the Astoria community and more broadly to the state.”
“Utility scale battery storage will play a vital role in New York’s clean energy future, especially in New York City where it will help to maximize the benefit of the wind power being developed offshore,” said Tim Cawley, the president of Con Edison. “This project with 174 Power Global will help displace some fossil fuel-fired generation when the demand for power is highest.”
The East River Energy Storage System is designed to balance peak electricity demands and provide grid reliability by delivering reactive power, voltage support and frequency stability to the New York region, further escalating its transition to a sustainable energy future. Utility scale battery projects in New York City are necessary to include more renewable power generation currently in development.
“The New York Power Authority is committed to moving clean energy technologies forward and supporting initiatives that reduce greenhouse gas emissions and contribute to a healthier environment,” said Gil C. Quinones, NYPA president and CEO. “Additional energy storage development, especially in long duration storage, is key for the continued growth of renewable energy, such as hydro, wind and solar, to help us meet our peak energy demands and bring greater flexibility and resiliency to the New York State electric grid. We are pleased to have had a role in this project. This adaptive reuse of this land will help realize yet another clean energy project that moves us another step forward in meeting our aggressive climate leadership goals.”
“Expanding battery storage is a critical part of how we advance momentum to confront the climate emergency while meeting the energy needs of all New Yorkers," said Mark Chambers, Director of Sustainability for the City of New York. "Today's announcement demonstrates how we can deliver this need at significant scale."
The energy storage system is expected to achieve commercial operation on January 1, 2023. The project will be permitted and constructed following applicable codes requirements in the State of New York.
About 174 Power Global
174 Power Global is a leading solar and energy storage company that is wholly owned by the Hanwha Group, with offices in NYC and in California. With deep expertise across the full spectrum of the project development cycle, 174 Power Global works closely with utilities, landowners, local communities, financial investors, and other partners to build highly productive, utility scale and C&I solar power plants throughout North America. Since its formation in 2017, 174 Power Global has signed nearly 2 gigawatts (GW) of power purchase agreements and has more than 6 GW of additional projects in the development pipeline. 174 Power Global’s name was inspired by the 174 petawatts (PW) of power the earth receives from the sun at any moment. For more information, visit: www.174powerglobal.com/
About Con Edison
Con Edison is a subsidiary of Consolidated Edison, Inc. [NYSE: ED], one of the nation’s largest investor-owned energy companies, with approximately $13 billion in annual revenues and $60 billion in assets. The utility delivers electricity, natural gas, and steam to 3.5 million customers in New York City and Westchester County, N.Y. For financial, operations and customer service information, visit www.conEd.com.
About NYPA
The New York Power Authority (NYPA) is the largest state public power organization in the nation, operating 16 generating facilities and more than 1,400 circuit-miles of transmission lines. More than 80 percent of the electricity NYPA produces is clean renewable hydropower. NYPA uses no tax money or state credit. It finances its operations through the sale of bonds and revenues earned in large part through sales of electricity. For more information visit www.nypa.gov.
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Company Provides Proxy Results for Seven Directors
MIDLAND, Texas--(BUSINESS WIRE)--Ring Energy, Inc. (NYSEAM: REI) (“Ring”) (“Company”) announced today its shareholders voted decisively to approve Mr. Paul D. McKinney as Chairman of the Board of Directors as well as all six independent directors to the Board. Collectively, all seven directors were elected to serve another one-year term which will end on the date of the 2021 Annual Meeting of Stockholders, or at such time as their successors are duly elected and qualified.
Mr. Paul D. McKinney, Ring’s Chief Executive Officer and Chairman of the Board commented, “I am humbled and inspired by the trust and support Ring’s stockholders have placed in me and the independent directors that serve with me. These six directors are men and women of impeccable character and each brings unique abilities and strengths to this Board. Their prior experience and success in varying industries will lend a high degree of diversity, insight, and wisdom as we work together to enhance shareholder value.”
About Ring Energy, Inc.
Ring Energy, Inc. is an oil and gas exploration, development, and production company with current operations in Texas and New Mexico.
www.ringenergy.com
Safe Harbor Statement
This release contains 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. Forward-looking statements involve a wide variety of risks and uncertainties, and include, without limitations, statements with respect to the Company’s strategy and prospects. Such statements are subject to certain risks and uncertainties which are disclosed in the Company’s reports filed with the SEC, including its Form 10-K for the fiscal year ended December 31, 2019, its Form 10Q for the quarter ended September 30, 2020 and its other filings with the SEC. Readers and investors are cautioned that the Company’s actual results may differ materially from those described in the forward-looking statements due to a number of factors, including, but not limited to, the Company’s ability to acquire productive oil and/or gas properties or to successfully drill and complete oil and/or gas wells on such properties, general economic conditions both domestically and abroad, and the conduct of business by the Company, and other factors that may be more fully described in additional documents set forth by the Company.
David A. Fowler, President
Ring Energy, Inc.
(432) 682-7464
Bill Parsons
K M Financial, Inc.
(702) 489-4447
Company partners with GE Renewable Energy and Citi to bring 171-MW project online
Project to provide clean, renewable energy to Xcel Energy – Colorado for 25 years
DALLAS--(BUSINESS WIRE)--Leeward Renewable Energy, LLC (“Leeward”) today announced that its Mountain Breeze Wind Farm (“Mountain Breeze”) in Weld County, Colorado has reached commercial operation and that the company has closed the funding under its tax equity financing for the project. Leeward procured the wind turbine equipment from GE Renewable Energy, and Citi provided tax equity financing of $162.9 million. Mountain Breeze sells its output to Xcel Energy – Colorado under a long-term power purchase agreement. Leeward also supplies renewable energy to Xcel Energy – Colorado from its nearby Cedar Creek Wind project in Weld County, and to Xcel Energy – Southwest from its Caprock Wind project in Quay County, New Mexico.
Mountain Breeze is comprised of 62 GE Renewable Energy onshore wind turbines, with a total capacity of 171 megawatts (MW). Leeward designed and constructed the greenfield project from the ground up and will own and operate the wind farm for the long-term.
Mountain Breeze received unanimous approval of the project from the Weld County Board of County Commissioners in June 2019.
“Our team has been developing the Mountain Breeze project since 2016,” said Leeward Renewable Energy Chief Executive Officer Jason Allen. “We are pleased to have reached commercial operation to provide clean, renewable energy to Leeward’s long-time customer, Xcel Energy, and are grateful to GE and Citi for their continued partnership and investment in clean energy.”
John Wycherley, Leeward Renewable Energy Vice President of Development, added, “We are also very appreciative of local landowners with whom we have great, long-standing relationships, as well as Weld County officials and other members of the community. The completion of this project would not have been possible without their support and we look forward to maintaining this collaborative relationship for years to come.”
“We are excited to see the Mountain Breeze Wind Farm online and generating carbon free energy for our Colorado customers. As a utility who is leading the clean energy transition, partnerships with companies such as Leeward are important,” said Alice Jackson, president of Xcel Energy—Colorado. “This project is one step in helping us reach the goal of providing our customers with 80% carbon free energy by 2030 and our vision of providing 100% carbon free energy by 2050.”
The project created approximately 300 jobs during peak construction and increased its contribution to Weld County in the form of property tax payments.
About Leeward Renewable Energy, LLC
Leeward Renewable Energy is a growth-oriented renewable energy company that owns and operates a portfolio of 21 wind farms across nine states totaling approximately 2,000 megawatts of generating capacity. Leeward is actively developing new wind, solar, and energy storage projects in energy markets across the U.S. Leeward is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada's largest defined benefit pension plans with C$109 billion in net assets (as at December 31, 2019). For more information, visit www.leewardenergy.com.
Kelly Kimberly
Sard Verbinnen & Co.
713.822.7538
This email address is being protected from spambots. You need JavaScript enabled to view it.
Trees, Candles and Lights Make for a Festive Celebration, but Can Represent a Fire Hazard If Not Handled Properly
SAN FRANCISCO--(BUSINESS WIRE)--Pacific Gas and Electric Company (PG&E) encourages customers to use caution and put safety first when decorating this holiday season to reduce the risk of a fire in the home. Lighting equipment, candles, menorahs and the Christmas trees can become holiday hazards and spark a devastating fire. By having a plan and making minor adjustments to decorating and cooking, the holiday season can remain festive and safe for everyone.
“We know home fires increase during the holidays, so we encourage our customers to slow down, take the right precautions and stay safe this holiday season,” said Laurie Giammona, PG&E Senior Vice President and Chief Customer Officer. “After an unprecedented year the holidays will be extra special as long as you make safety part of your smaller family celebrations.”
According to the National Fire Protection Association (NFPA), candle fires increase this month. Almost 60% of home fires involving holiday decorations were started by candles in the month of December compared to 30% in January and November. The two peak days for candle fires are Christmas Day and Christmas Eve. Also, Hanukkah is a time to pay extra special attention to candles also.
Here are some tips to keep you and your loved ones safe during the holidays:
Candle and Cooking Safety
The family Christmas tree also can become an unexpected hazard. According to the NFPA, on average, Christmas tree home fires resulted in death four times more often than home fires without a tree. Lighting equipment was involved in almost 40 percent of home tree fires.
Christmas Tree Safety
PG&E also encourages residents to create a household emergency preparedness plan and share it with the entire family. For more ways to stay safe this holiday season, visit www.pge.com/safety.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy companies in the United States. Based in San Francisco, with more than 24,000 employees, the company delivers some of the nation’s cleanest energy to nearly 16 million people in Northern and Central California. For more information, visit pge.com and pge.com/news.
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