DUBLIN--(BUSINESS WIRE)--The "Wind Turbine Rotor Blades - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The publisher brings years of research experience to the 6th edition of this report. The 276-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Wind Turbine Rotor Blades Market to Reach $31 Billion by 2027
Amid the COVID-19 crisis, the global market for Wind Turbine Rotor Blades estimated at US$11.1 Billion in the year 2020, is projected to reach a revised size of US$31 Billion by 2027, growing at a CAGR of 15.8% over the analysis period 2020-2027.
Below 45 Meters, one of the segments analyzed in the report, is projected to record a 12.7% CAGR and reach US$3.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the 45-60 Meters segment is readjusted to a revised 14.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $3 Billion, While China is Forecast to Grow at 19.8% CAGR
The Wind Turbine Rotor Blades market in the U.S. is estimated at US$3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.7 Billion by the year 2027 trailing a CAGR of 19.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.5% and 14.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.5% CAGR.
Above 60 Meters Segment to Record 19.8% CAGR
In the global Above 60 Meters segment, USA, Canada, Japan, China and Europe will drive the 19.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.8 Billion in the year 2020 will reach a projected size of US$6.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.5 Billion by the year 2027, while Latin America will expand at a 21.1% CAGR through the analysis period.
Competitors identified in this market include, among others:
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/8wvgqv
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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HOUSTON--(BUSINESS WIRE)--Orion Group Holdings, Inc. (NYSE: ORN) (the “Company”), a leading specialty construction company, today announced that it will issue its financial results for the fourth quarter ended December 31, 2020 on Wednesday, February 24, 2021, after the close of the stock market.
ORN’s management will conduct a conference call on Thursday, February 25, 2021 at 10:00 a.m. ET to review these results. To listen to the call live, dial 201-493-6739 and ask for the Orion Group Holdings Conference Call. To listen to the call via the Internet, please visit www.oriongroupholdingsinc.com and click on the Investor Relations Section. Please go to the website 15 minutes early to download and install any necessary audio software. If you are unable to listen live, a replay of the conference call may be accessed for approximately 30 days after the call at Orion Group Holdings’ website.
About Orion Group Holdings
Orion Group Holdings, Inc., a leading specialty construction company serving the infrastructure, industrial and building sectors, provides services both on and off the water in the continental United States, Alaska, Canada and the Caribbean Basin through its marine segment and its concrete segment. The Company’s marine segment provides construction and dredging services relating to marine transportation facility construction, marine pipeline construction, marine environmental structures, dredging of waterways, channels and ports, environmental dredging, design, and specialty services. Its concrete segment provides turnkey concrete construction services including pour and finish, dirt work, layout, forming, rebar, and mesh across the light commercial, structural and other associated business areas. The Company is headquartered in Houston, Texas with regional offices throughout its operating areas.
Orion Group Holdings Inc.
Francis Okoniewski, Vice President Investor Relations
(346) 616-4138
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.oriongroupholdingsinc.com
Robert Tabb, Vice President & CFO
(713) 852-6500
www.oriongroupholdingsinc.com
HOUSTON--(BUSINESS WIRE)--#cyberdefense--Siemens Energy has signed an agreement with Canada-based TC Energy Corporation (TC Energy) to commission a novel waste heat-to-power pilot installation in Alberta. The facility will capture waste heat from a gas-fired turbine operating at a pipeline compression station and convert it into emissions-free power. The electricity produced will be put back into the grid– resulting in estimated greenhouse gas reductions of 44,000 tons per year, equivalent to taking more than 9,000 vehicles off the road.
As part of the agreement with TC Energy, Siemens Energy will build, own, and operate the facility, with the option for ownership to be transferred back to TC Energy at a later date.
At the heart of the facility will be an innovative heat recovery process designed by Siemens Energy. The patented technology, licensed under Echogen® Intellectual Property, is based on an advanced Rankine Cycle and uses supercritical carbon dioxide (sCO2) as the working fluid to convert waste heat into power. Because of its properties, sCO2 can interact more directly with the heat source than water/steam, eliminating the need for a secondary thermal loop, typically required in traditional waste heat recovery systems.
By deploying sCO2-based waste heat recovery solutions, midstream operators can realize greater value than traditional alternatives based on Organic Rankine or steam cycles. Benefits include a 25 – 40 percent smaller footprint than steam-based systems, a 10 percent increase in compressor station efficiency, and the capability to produce clean, emissions-free electricity. Moreover, because the working fluid is contained within a closed-loop system, no boiler operator is required, making the system suitable for remote operation.
“This pilot project is a testament not only to our extensive capabilities but also to Siemens Energy’s broader commitment to bring new technologies to market that can support decarbonization in the oil and gas industry,” said Arja Talakar, Senior Vice President, Industrial Applications Products for Siemens Energy. “We are proud to partner with TC Energy to build this first-of-its-kind facility and look forward to scaling the technology to other installations in the coming years.”
The pilot project is supported by $8 million in funding from Emissions Reduction Alberta’s (ERA) Industrial Efficiency Challenge. For more than 10 years, ERA has been investing the revenues from the carbon price paid by large final emitters to accelerate the development and adoption of innovative clean technology solutions. Since ERA was established in 2009, they have committed $616 million toward 186 projects worth $4.55 billion that are helping to reduce GHGs, create competitive industries, and are leading to new business opportunities in Alberta. These projects are estimated to deliver cumulative reductions of 35 million tonnes of CO₂e by 2030.
The new facility is expected to be commissioned toward the end of 2022 and could generate enough electricity to power more than 10,000 homes.
“The agreement with Siemens Energy on this initiative exemplifies TC Energy's long history of embracing innovation and leading-edge technology in its operations,” says Corey Hessen, Senior Vice-President, and President, Power & Storage, TC Energy. “We are committed to integrating sustainable energy solutions that reduce greenhouse gas (GHG) emissions across our footprint and look forward to having this operational at one of our compressor stations.”
TC Energy is currently evaluating other compressor station sites to deploy the technology, with the potential to generate 300 megawatts of emissions-free power.
About sCO2
The sCO2 is stable, non-toxic, non-flammable, and exhibits favorable thermal-physical properties, including high latent heat and energy density, along with fluid stability. The compact, modular system can achieve high efficiencies over a wide temperature range. It can be easily retrofitted with a wide variety of heat sources without disrupting existing plant operations. Additionally, the system does not require water, making it particularly advantageous for facilities in arid zones or regions subject to sub-freezing temperatures.
This press release and a press picture are available at www.siemens-energy.com/press
For further information on power from waste heat, please see http://bit.ly/2Ymg6bM
Follow us on Twitter at: www.twitter.com/siemens_energy
Siemens Energy is one of the world’s leading energy technology companies. The company works with its customers and partners on energy systems for the future, thus supporting the transition to a more sustainable world. With its portfolio of products, solutions and services, Siemens Energy covers almost the entire energy value chain – from power generation and transmission to storage. The portfolio includes conventional and renewable energy technology, such as gas and steam turbines, hybrid power plants operated with hydrogen, and power generators and transformers. More than 50 percent of the portfolio has already been decarbonized. A majority stake in the listed company Siemens Gamesa Renewable Energy (SGRE) makes Siemens Energy a global market leader for renewable energies. An estimated one-sixth of the electricity generated worldwide is based on technologies from Siemens Energy. Siemens Energy employs more than 90,000 people worldwide in more than 90 countries and generated revenue of around €27.5 billion in fiscal year 2020. www.siemens-energy.com.
Contact for journalists
Janet Ofano
Phone: +1 803-389-6753
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Stacia Licona
Phone: +1 281-721-3402
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MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) will host a virtual Investor Briefing on Wednesday, March 10, 2021. Led by Chairman & CEO, William M. Brown and Vice Chairman, President & COO, Christopher E. Kubasik, along with members of the senior leadership team, the event will highlight the strategy and outlook for the company, with a specific focus on its Integrated Mission Systems and Space & Airborne Systems segments.
The live webcast will be held from 10 a.m. to 12:30 p.m. ET. The event as well as the supporting slides and Q&A sessions will be accessible at L3Harris.com. A replay will be available on the L3Harris website following the event.
About L3Harris Technologies
L3Harris Technologies is an agile global aerospace and defense technology innovator, delivering end-to-end solutions that meet customers’ mission-critical needs. The company provides advanced defense and commercial technologies across air, land, sea, space and cyber domains. L3Harris has approximately $18 billion in annual revenue and 48,000 employees, with customers in more than 100 countries. L3Harris.com.
Rajeev Lalwani
Investor Relations
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321-727-9383
Jim Burke
Media Relations
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321-727-9131
NORWALK, Conn.--(BUSINESS WIRE)--Tantalus Systems Holding Inc. (TSXV: GRID) (“Tantalus” or the “Company”), a smart grid technology company, celebrated the Company’s listing on the TSX Venture Exchange (“TSXV”) by virtually ringing the opening bell at the Toronto Stock Exchange at 9:30 a.m. ET today. The Company’s senior management, directors and other team members participated in the ceremony in recognition of the Company commencing trading on the TSXV on February 9, 2021 under the ticker symbol “GRID”.
“While our public listing represents a significant milestone for the Company, the purpose of Tantalus will not change, nor will our unwavering commitment to the public power and electric cooperative sector,” said Peter Londa, President & CEO of Tantalus. “Pivoting to the public markets will allow Tantalus to accelerate our product roadmap by expanding our R&D capabilities, to establish new strategic partnerships and to pursue targeted acquisitions — all of which will only strengthen our ability to deliver purpose-built solutions to meet the specific needs of our user community.”
As previously announced, the Company completed its ‘Qualifying Transaction’ on January 29, 2021 and continues to be led by its Board of Directors, with Ms. Laura Formusa as Chair, and the same management team that has been overseeing its operations and business over the past several years. In connection with the going public transaction, Tantalus upsized its concurrent financing and, in the aggregate, raised approximately CN$10 million from new and existing investors to bolster its financial position and strengthen its balance sheet as the Company looks towards the future and continues to scale the company as a valued partner to its user community.
“As we pursue this new path, we are reminded of and grateful for the hard work and perseverance of our entire team and the unyielding support of our growing user community - now including over 185 utilities. We remain committed to building purpose-driven solutions that enhance sustainability for utilities and communities across North America and the Caribbean Basin,” said Londa.
Learn more about the Company at www.tantalus.com.
About Tantalus Systems Holding Inc.
Over the past three decades, the Company, through Tantalus Systems Corp. and its subsidiaries and affiliates, has been consistently and creatively developing technology that enhances the safety, security, reliability and efficiency of public power and electric cooperative utilities across North America and the Caribbean Basin. Tantalus provides mission-critical smart grid solutions that include a market-leading edge computing platform, robust software applications and an advanced IoT communications network. By leveraging technology, Tantalus empowers its utility customers to access granular data from both legacy meters and cutting-edge two-way intelligent devices to improve customer service, facilitate consumer engagement, realize cost savings and streamline system operations. Tantalus’ comprehensive suite of smart grid solutions includes advanced metering infrastructure, demand-management technologies, data analytics, distribution automation and street lighting control systems - a broad portfolio built purposefully to support smart community initiatives essential to both the near-term and long-term success of the utilities Tantalus supports and the communities they serve.
Follow Tantalus on Twitter, LinkedIn and Facebook.
CAUTIONARY STATEMENT
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. This news release includes information, statements, beliefs and opinions which are forward-looking, and which reflect current estimates, expectations and projections about future events, including, but not limited to, the acceleration of the Company’s product roadmap by expanding its R&D capabilities, establishing new strategic partnerships, pursuing targeted acquisitions and the growth of the Company’s user community, and other statements that contain words such as “believe,” “expect,” “project,” “should,” “seek,” “anticipate,” “will,” “intend,” “positioned,” “risk,” “plan,” “may,” “estimate” or, in each case, their negative and words of similar meaning. By its nature, forward-looking information involves a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking information. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. Readers should not place undue reliance on forward-looking information, which is based on the information available as of the date of this news release and Tantalus disclaims any intention or obligation to update or revise any forward-looking information contained in this new release, whether as a result of new information, future events or otherwise, unless required by applicable law. The forward-looking information included in this new release is expressly qualified in its entirety by this cautionary statement.
Jacqueline Hudson
Marketing Communications Manager
613-482-7928 x232| This email address is being protected from spambots. You need JavaScript enabled to view it.
www.tantalus.com
TORONTO--(BUSINESS WIRE)--Superior Plus Corp. (“Superior”) (TSX:SPB) is pleased to announce that through one of its wholly-owned Canadian subsidiaries it has completed two transactions to acquire:
"These acquisitions complement our existing operations in Ontario and Quebec, and are consistent with our strategy to grow the U.S. and Canadian propane distribution business through add-on acquisitions of propane companies and immediately leverage our solid platform to improve the businesses we acquire by at least 20% to 25%," said Luc Desjardins, Superior's President and CEO.
“I would like to extend a warm welcome to the dedicated employees and loyal customers from these successful businesses,” said Greg McCamus President of Superior Propane. “Building on the great heritage of these well-run family businesses, we look forward to providing these customers with Superior’s industry leading digital solutions such as the SMART* Tank™ wireless monitoring system and our exclusive mySUPERIOR™ mobile app.”
The purchase price of each of these acquisitions was funded by drawing on Superior's existing credit facility.
About the Corporation
Superior consists of two primary operating businesses: Energy Distribution includes the distribution of propane and distillates, and supply portfolio management; and Specialty Chemicals includes the production and sale of specialty chemicals.
For further information about Superior, please visit our website at: www.superiorplus.com or contact: Beth Summers, Executive Vice President and Chief Financial Officer, Tel: (416) 340-6015, or Rob Dorran, Vice President, Investor Relations and Treasurer, Tel: (416) 340-6003, E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it., Toll Free: 1-866-490-PLUS (7587).
Beth Summers, Executive Vice President and Chief Financial Officer
Tel: (416) 340-6015
Rob Dorran, Vice President, Investor Relations and Treasurer
Tel: (416) 340-6003
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Toll Free: 1-866-490-PLUS (7587)
Total strategy assets in renewable infrastructure and energy transition now exceed $1.5 billion
LOS ANGELES--(BUSINESS WIRE)--Kayne Anderson Capital Advisors, L.P. (“Kayne” or the “Firm”), a leading alternative asset management firm with over $32 billion under management, announced today that the Kayne Anderson Renewable Infrastructure Fund (the “Fund”), trading under ticker symbols KARIX and KARRX, has surpassed $50 million in assets. Including investments from Kayne’s other funds, total Firm strategy assets invested in renewable energy and energy transition assets now exceed $1.5 billion.
The Fund’s investment strategy is distinct in the marketplace as it focuses exclusively on investing in companies that develop, build, own and operate the renewable power infrastructure necessary to transition global power generation to a cleaner future, including wind farms, solar parks, energy storage, and the infrastructure to bring that energy to market. In November 2020, Kayne supplemented its existing Institutional class of shares, KARIX, with a new retail class of shares, trading under the symbol KARRX.
J.C. Frey, Co-Head of Kayne’s renewable platform, said, “As pioneers in renewable energy infrastructure investing, we are extremely pleased with the early success of our renewable infrastructure mutual fund. Our strategy of investing in companies that own hard assets and generate steady cash flows in the renewable sector captures the growing opportunity provided by the global transition to a lower carbon environment.”
The Fund is the latest expansion of Kayne’s renewable investing platform, which includes investment strategies in both public and private renewable infrastructure. The Fund leverages Kayne’s more than 20 years of experience as a premier energy infrastructure investor and more than seven years of experience investing in listed renewable infrastructure companies.
About Kayne Anderson Renewable Infrastructure Fund
The Kayne Anderson Renewable Infrastructure Fund seeks total return through a combination of current income and capital appreciation. The Fund invests at least 80% of its net assets in a portfolio of renewable infrastructure companies that are involved in business activities related to renewable energy production, storage, and transmission. These companies include companies that own or operate assets used in the development, generation, production, transmission, storage, and sale of alternative and renewable energy such as solar power, wind power, biofuels, hydropower, or geothermal power. Renewable infrastructure companies may also be engaged in businesses related to energy conservation, water infrastructure, conventional power generation, and the sale, distribution, transmission, and marketing of electricity.
About Kayne Anderson Capital Advisors, L.P.
Kayne Anderson Capital Advisors is a leading alternative investment management firm focused on infrastructure/energy, renewables, real estate, credit and growth equity. Kayne’s investment philosophy is to pursue niches, with an emphasis on cash flow, where our knowledge and sourcing advantages enable us to seek to deliver above average, risk-adjusted investment returns. As responsible stewards of capital, Kayne’s philosophy extends to promoting responsible investment practices and sustainable business practices to create long-term value for our investors. Kayne manages over $32 billion in assets (as of 12/31/20) for institutional investors, family office, high net worth and retail clients and employs over 350 professionals in five core offices across the U.S.
The Fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus and summary prospectus contains this and other important information about the Fund, and may be obtained by calling 844-95-KAYNE or visiting www.kaynefunds.com. Read it carefully before investing.
Mutual Fund investing involves risk. Principal loss is possible. An investment in the Fund could suffer loss. The Fund is non-diversified, meaning it may concentrate its assets in fewer individual holdings than a diversified fund. Therefore, the Fund is more exposed to individual stock volatility than a diversified fund. Because the Fund invests in Renewable Infrastructure Companies, the value of the Fund shares may be affected by events that adversely affect companies in that industry. The Fund has investments in non-U.S. issuers or U.S. issuers with significant non-U.S. operations, which may be subject to additional political, social, regulatory, and economic risks. As a result, the Fund may be exposed to risks that the exchange rate of the U.S. dollar relative to other currencies may change in a manner that could have an adverse effect on the gain and loss generated from the Fund’s investments denominated in currencies other than the U.S. dollar. Market risk is the potential for changes in the fair value of financial instruments from market changes, including fluctuations in market price. Market risk is directly affected by the volatility and liquidity in markets in which the related underlying assets are traded. There can be no assurance that the Fund’s investment objective will be attained.
Cash flow measures the cash generating capability of a company by adding non-cash charges (e.g. depreciation) and interest expense to pretax income.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This communication contains statements reflecting assumptions, expectations, projections, intentions, or beliefs about future events. These and other statements not relating strictly to historical or current facts constitute forward-looking statements as defined under the U.S. federal securities laws. You should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. Kayne Anderson undertakes no obligation to publicly update or revise any forward-looking statements made herein.
Distributed by Quasar Distributors, LLC. Member FINRA/SIPC.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
For more information about the Fund:
Sarah Gieske
443-652-4233
For more information about Kayne Anderson:
Paul Blank
310-284-6410
NEW YORK--(BUSINESS WIRE)--Falcon Minerals Corporation (“Falcon,” or the “Company,” “we,” “our,”) (NASDAQ: FLMN, FLMNW), a leading oil and gas minerals company, announces today that Falcon’s Board of Directors has declared a dividend of $0.075 per Class A share for the fourth quarter 2020. The fourth quarter 2020 dividend represents an increase of approximately 15% over the third quarter 2020 dividend. The dividend for the fourth quarter 2020 will be paid on March 8, 2021 to all Class A shareholders of record on February 25, 2021.
About Falcon Minerals
Falcon Minerals Corporation (NASDAQ: FLMN, FLMNW) is a C-Corporation formed to own and acquire high growth oil-weighted mineral rights. Falcon Minerals owns mineral, royalty, and over-riding royalty interests covering approximately 256,000 gross unit acres in the Eagle Ford Shale and Austin Chalk in Karnes, DeWitt, and Gonzales Counties in Texas. The Company also owns approximately 80,000 gross unit acres in the Marcellus Shale across Pennsylvania, Ohio, and West Virginia. For more information, visit our website at www.falconminerals.com.
Falcon Minerals
Bryan C. Gunderson
Chief Financial Officer
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DUBLIN--(BUSINESS WIRE)--The "Wave and Tidal Energy - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The publisher brings years of research experience to the 6th edition of this report. The 142-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Wave and Tidal Energy Market to Reach $5.1 Billion by 2027
Amid the COVID-19 crisis, the global market for Wave and Tidal Energy estimated at US$542.8 Million in the year 2020, is projected to reach a revised size of US$5.1 Billion by 2027, growing at a CAGR of 37.7% over the period 2020-2027.
Tidal Energy, one of the segments analyzed in the report, is projected to record 36.2% CAGR and reach US$4.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Wave Energy segment is readjusted to a revised 54.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $163.7 Million, While China is Forecast to Grow at 36.8% CAGR
The Wave and Tidal Energy market in the U.S. is estimated at US$163.7 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$859.7 Million by the year 2027 trailing a CAGR of 36.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 33.7% and 32.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 26.8% CAGR.
Competitors identified in this market include, among others:
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/wf8ltr
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
HOUSTON--(BUSINESS WIRE)--Sunnova Energy International Inc. ("Sunnova") (NYSE: NOVA), one of the leading U.S. residential solar and storage service providers, announced today it will begin offering its services to the District of Columbia. Homeowners in D.C. will now have access to all of Sunnova’s loan products, including the flagship solar-only system, Sunnova SunSafe® solar + battery storage service, and +SunSafe® add-on battery service. Additionally, for homeowners that are looking to go solar but require a new roof, Sunnova will coordinate roof replacement service by a licensed contractor.
“Now more than ever, decentralized and decarbonized energy solutions are at the forefront of consumer demand,” said William J. (John) Berger, Chief Executive Officer of Sunnova. “Washington D.C. has the most ambitious renewable energy goal in the country, and we are looking forward to helping the state realize this goal while providing a better energy service at a better price.”
From 2008-2017, power outages in D.C. affected over 2.5 million people1. With Sunnova SunSafe and +SunSafe, customers will have access to backup power that will run their essential appliances. Unlike a solar-only system, Sunnova SunSafe produces energy during the day and sends excess energy to the rechargeable battery for use at night, or anytime it’s needed.
“Our expansion into the D.C. market is coming at a pivotal time. As the new administration settles in and takes steps towards increasing renewable energy deployment, Sunnova will be dedicated to supporting D.C. homeowners gain access to some of the most affordable, integrated energy solutions out there,” said Michael Grasso, Chief Marketing Officer of Sunnova.
Residential electricity prices have risen steadily year after year, in Washington D.C., the average rate increased 63% since 20002. Sunnova’s solar services will allow homeowners to take control of their energy costs by producing their own clean, renewable and affordable energy. By going solar with Sunnova, customers can lock in one low rate and always know what they are paying for. Sunnova SunSafe and Sunnova +SunSafe also provide protection from peak utility rates to optimize homeowner savings and maximize net metering credit. Intelligent control technology within the system makes the experience for customers hassle free, automatically managing the flow of energy between the solar energy system, the battery, the home and the electric grid.
Sunnova customers can rest assured knowing their home solar and solar + battery storage systems are covered by 25 years of Sunnova Protect™ featuring worry-free, maintenance, monitoring, repairs, and replacements. Sunnova’s add on +SunSafe batteries are covered by a manufacturer’s warranty where Sunnova will coordinate all maintenance and repairs as well as cover any costs for the repair or replacement of covered parts.
About Sunnova
Sunnova Energy International Inc. (NYSE: NOVA) is a leading residential solar and energy storage service provider with customers across the U.S. and its territories. Sunnova's goal is to be the source of clean, affordable and reliable energy with a simple mission: to power energy independence so that homeowners have the freedom to live life uninterruptedTM.
Alina Eprimian
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
The world’s preeminent energy conference will convene virtually March 1-5, 2021. Learn more at www.ceraweek.com
HOUSTON--(BUSINESS WIRE)--The United States Special Presidential Envoy for Climate, John F. Kerry will address delegates at CERAWeek by IHS Markit 2021, to be held virtually March 1-5.
The first-ever Principal to sit on the U.S. National Security Council entirely dedicated to climate change, Mr. Kerry previously served as the 68th U.S. Secretary of State and as a U.S. Senator representing Massachusetts.
Sec. Kerry will join the world’s energy industry leaders, experts, government officials and policymakers, as well as leaders from the technology, financial and industrial communities addressing this year’s conference.
CERAWeek 2021: The New Map: Energy, Climate and Charting the Future will examine a new global map being shaped by dramatic shifts in energy and geopolitics—a map defined by changing policies, technology, alliances, geopolitics, and possibly collisions in global commerce and politics.
Inspired by the new book, The New Map: Energy, Climate and the Clash of Nations by IHS Markit Vice Chairman and CERAWeek Chairman Daniel Yergin, the conference program will focus on key themes related to Energy Transition; Geopolitics, Economics and Markets; Investment and Financing; Technology and Innovation; Mobility and the Future Workforce.
2021 marks the 39th edition of the conference and is the first time that it will be an all-virtual event. The conference is produced by IHS Markit (NYSE: INFO), a world leader in critical information, analytics and solutions.
“We are pleased to welcome Secretary Kerry among the distinguished speakers at CERAWeek 2021,” said Daniel Yergin, conference chair and vice chairman of IHS Markit. “Through his distinguished career in public service in the U.S. Senate, as U.S. Secretary of State and now as the Biden Administration’s Special Presidential Envoy for Climate, his unique knowledge and experience at the intersection of public policy, international diplomacy and energy is a very significant and most timely addition to the important dialogues taking place at this year’s conference.”
CERAWeek 2021 and the related Innovation Agora will feature more than 245 speakers from 29 countries.
Speakers will include (partial list):
Visit www.ceraweek.com for a complete list of speakers and the most up-to-date program information (subject to change).
Registration Information
CERAWeek by IHS Markit 2021 will be held virtually March 1-5. Further information and delegate registration is available at www.ceraweek.com.
Media Accreditation
Media registration is now open. Members of the media interested in covering CERAWeek 2021 are required to apply for accreditation. Applications can be submitted via the following link: https://ceraweek.com/about/press.html
About IHS Markit (www.ihsmarkit.com)
IHS Markit (NYSE: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.
IHS Markit is a registered trademark of IHS Markit Ltd. and/or its affiliates. All other company and product names may be trademarks of their respective owners © 2021 IHS Markit Ltd. All rights reserved.
News Media Contact:
Jeff Marn
IHS Markit
+1 202 463 8213
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Press Team
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Numerous Customer Protection and Financial-Assistance Resources Continue During These Trying Times
SAN FRANCISCO--(BUSINESS WIRE)--In response to the ongoing economic challenges caused by the COVID-19 pandemic, Pacific Gas and Electric Company (PG&E) said today it will extend the existing COVID-19 customer protections through June 30, 2021. The protections were set to expire on April 16.
This comes after a vote by the California Public Utilities Commission (CPUC) earlier today.
“For nearly a year now, we have supported our customers through unimaginable health and economic circumstances. We believe extending these customer protections like stopping service disconnections for non-payment through June ensures our customers, especially the most vulnerable, have access to safe and reliable power during this challenging time,” said Laurie Giammona, PG&E’s Chief Customer Officer and a Senior Vice President. “We are here to help so please reach out if you need support.”
PG&E Customer Protections through June 30, 2021:
Additional Billing and Service Modifications
PG&E understands many of its customers are facing economic challenges because of the COVID-19 pandemic. PG&E is here to help with:
Financial Assistance for Residential Customers
To take advantage of tools and savings opportunities, PG&E recommends customers become more familiar with the following:
As some of the financial protections expire in the coming months PG&E continues to help customers manage their bills and enroll in eligible financial assistance programs. PG&E began proactively calling customers last year to ensure they were aware of resources to support their specific needs. To date, PG&E’s Customer Advocacy Success Team has connected with more than 42,000 customers, enrolling 51% of them in financial assistance programs and identifying more than $5 million in savings for customers by changing their rate. In all, PG&E has proactively reached out to more than 200,000 customers to help them manage their bills.
For customers interested in learning more about the financial assistance and bill payment options visit pge.com/billhelp.
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 23,000 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.
MEDIA RELATIONS:
415-973-5930
AUSTIN, Texas--(BUSINESS WIRE)--Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a leader in electrified powertrain solutions for Class 8 commercial vehicles, today announced the introduction of its next generation battery module which integrates Toshiba’s LTO cells with Hyliion’s technology advancements to achieve longer battery life, higher charging rates and improved safety. Building on Hyliion’s proprietary battery system, the battery module will be incorporated into the next evolution of Hyliion’s Hybrid system.
“Whether it’s our Hybrid system or our fully electric powertrain, Hyliion’s solutions are designed to give customers the greatest flexibility as they transition to electrified transportation,” said Thomas Healy, founder and CEO of Hyliion. “The development of this next generation battery module represents a key milestone in the Hybrid commercialization process, further strengthening our overall technology platform as we innovate future solutions.”
Leveraging previous battery experience and incorporating enhancements for improved battery cooling, the new module delivers multiple benefits tied to performance and allows for more than a 40 percent improvement in cooling compared to the previous system. Key benefits include:
The design has already passed UN 38.3 battery testing procedures and offers improvements to withstand the stresses and rigors incurred on the road.
Hyliion’s Hybrid system can be installed on most major Class 8 commercial vehicles to help reduce fuel usage, decrease greenhouse gas emissions, improve performance, and reduce operating costs. The Hybrid system is already in service across North America including deployments with industry leading transportation and logistics fleets.
The Hybrid solution is one of Hyliion’s two electrified powertrain systems for long-haul Class 8 commercial vehicles that also includes the Hypertruck ERX. Hyliion’s electrified powertrain solutions utilize proprietary battery and software systems, combined with electric motors and power electronics, to produce an electrified powertrain platform that can be used to either augment, in the case of the Hybrid system, or fully replace, in the case of the Hypertruck ERX, traditional diesel or compressed natural gas (CNG) powertrains and improve their performance. Hyliion solutions are designed to be fuel agnostic, giving customers the greatest flexibility to choose vehicles that best fit their overall strategy in their transition to electrified transportation.
To learn more about Hyliion, its products or leadership team, please visit www.hyliion.com.
About Hyliion
Hyliion Holdings Corp.’s (NYSE: HYLN) mission is to reduce the carbon intensity and greenhouse gas (GHG) emissions of commercial transportation Class 8 vehicles by being a leading provider of electrified powertrain solutions. Leveraging advanced software algorithms and data analytics capabilities, Hyliion offers fleets an easy, efficient system to decrease fuel and operating expenses while seamlessly integrating with their existing fleet operations. Headquartered in Austin, Texas, Hyliion designs, develops and sells electrified powertrain solutions that are designed to be installed on most major Class 8 commercial vehicles, with the goal of transforming the commercial transportation industry’s environmental impact at scale. For more information, visit www.hyliion.com.
Hyliion Holdings Corp.
Laura Martinez
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(833) 495-4466
WARRENVILLE, Ill.--(BUSINESS WIRE)--Fuel Tech, Inc. (NASDAQ: FTEK) (or "the Company"), a technology company providing advanced engineering solutions for the optimization of combustion systems, emissions control and water treatment in utility and industrial applications, today announced that it has entered into a definitive agreement with investors to purchase 5 million of its shares of common stock in a private placement priced at-the-market under Nasdaq rules. Additionally, the Company has also agreed to issue to the investors common stock purchase warrants to purchase up to an aggregate of 2.5 million shares of Common Stock. The combined purchase price for one share of common stock and a warrant to purchase half a share of common stock is $5.1625. The warrants have an exercise price of $5.10 per share, will be immediately exercisable, and will have a term of exercise that terminates 5.5 years following the effective date of the resale registration statement registering the shares and warrant shares.
H.C. Wainwright & Co. is acting as the exclusive placement agent for the offering.
The gross proceeds from the private placement are expected to be $25. 8 million before deducting placement agent fees and other estimated offering expenses. The private placement is expected to close on or about February 17, 2021, subject to the satisfaction of customary closing conditions.
The securities offered in the private placement have not been registered under the Securities Act of 1933, as amended, or applicable under state securities laws. Accordingly, the securities may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws. As part of the transaction, the Company has agreed to file a resale registration statement on Form S-3 with the Securities and Exchange Commission within 10 days of the closing to register the resale of the shares of common stock and shares of common stock underlying the warrants issued in the private placement.
This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.
About Fuel Tech
Fuel Tech develops and commercializes state-of-the-art proprietary technologies for air pollution control, process optimization, water treatment, and advanced engineering services. These technologies enable customers to operate in a cost-effective and environmentally sustainable manner. Fuel Tech is a leader in nitrogen oxide (NOx) reduction and particulate control technologies and its solutions have been in installed on over 1,200 utility, industrial and municipal units worldwide. The Company’s FUEL CHEM® technology improves the efficiency, reliability, fuel flexibility, boiler heat rate, and environmental status of combustion units by controlling slagging, fouling, corrosion and opacity. Water treatment technologies include DGI™ Dissolved Gas Infusion Systems which utilize a patented nozzle to deliver supersaturated oxygen solutions and other gas-water combinations to target process applications or environmental issues. This infusion process has a variety of applications in the water and wastewater industries, including remediation, aeration, biological treatment and wastewater odor management. Many of Fuel Tech’s products and services rely heavily on the Company’s exceptional Computational Fluid Dynamics modeling capabilities, which are enhanced by internally developed, high-end visualization software. For more information, visit Fuel Tech’s web site at www.ftek.com.
NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains “forward-looking statements” as defined in Section 21E of the Securities Exchange Act of 1934, as amended, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and reflect Fuel Tech’s current expectations regarding future growth, results of operations, cash flows, performance and business prospects, and opportunities, as well as assumptions made by, and information currently available to, our management. Fuel Tech has tried to identify forward-looking statements by using words such as “anticipate,” “believe,” “plan,” “expect,” “estimate,” “intend,” “will,” and similar expressions, but these words are not the exclusive means of identifying forward-looking statements. These statements are based on information currently available to Fuel Tech and are subject to various risks, uncertainties, and other factors, including, but not limited to, those discussed in Fuel Tech’s Annual Report on Form 10-K in Item 1A under the caption “Risk Factors,” and subsequent filings under the Securities Exchange Act of 1934, as amended, which could cause Fuel Tech’s actual growth, results of operations, financial condition, cash flows, performance and business prospects and opportunities to differ materially from those expressed in, or implied by, these statements. Fuel Tech undertakes no obligation to update such factors or to publicly announce the results of any of the forward-looking statements contained herein to reflect future events, developments, or changed circumstances or for any other reason. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including those detailed in Fuel Tech’s filings with the Securities and Exchange Commission.
Vince Arnone
President and CEO
(630) 845-4500
Devin Sullivan
Senior Vice President
The Equity Group Inc.
(212) 836-9608
Two-component dispense valve improves process performance
MINNEAPOLIS--(BUSINESS WIRE)--Graco Inc. (NYSE:GGG), a leading manufacturer of fluid handling equipment, announces the launch of its Voltex™ Dynamic Mix Valve. Designed for dispensing two-component foaming urethanes and silicones, the Voltex Dynamic Mix Valve provides uniform and consistent blending of difficult to dispense materials for various applications. This valve is especially applicable to emerging applications in electric vehicle (EV) battery such as foam encapsulation.
“We are excited to launch the Voltex Dynamic Mix Valve because it is a capable and economical solution for many two-component dispensing applications,” says Matt Bergman, Global Sealant and Adhesive Equipment Business Manager for Graco’s Applied Fluid Technologies Division. “The simple design, coupled with Graco’s technical excellence and known quality, makes this valve a valuable addition to our meter, mix and dispense equipment lineup. With Graco’s proven complete solution and key relationships with material suppliers, the valve is already an integral part of the dispensing process for several battery manufacturers.”
The Voltex valve is built to handle foaming urethanes and silicones that are notoriously difficult to work with because of their fast reactivity and expanding nature. These challenges put increased importance on the dispensing process and equipment to prevent poorly mixed material and subsequent maintenance and downtime. The Voltex valve is built with durable seals and check valves, disposable mixing elements, a reliable servo-electric motor and innovative error detection technology to combat these challenges.
For a complete dispensing package, the Voltex valve’s flexible design seamlessly integrates with Graco’s EFR, PR70 and HFR metering systems. With precision control at every corner of the meter, mix and dispense process, this complete dispensing solution meets the needs of many emerging market applications. From filter sealing and automotive bonding to appliance gasketing and battery potting, the Voltex Dynamic Mix Valve is a robust solution capable of handling the most challenging material and application demands.
For more information on the Voltex Dynamic Mix Valve or to contact your local Graco distributor, go to www.graco.com/voltex.
ABOUT GRACO
Graco Inc. supplies technology and expertise for the management of fluids and coatings in both industrial and commercial applications. It designs, manufactures and markets systems and equipment to move, measure, control, dispense and spray fluid and powder materials. A recognized leader in its specialties, Minneapolis-based Graco serves customers around the world in the manufacturing, processing, construction and maintenance industries. For additional information about Graco Inc., please visit us at www.graco.com.
Amanda Messer, 612-623-6585
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DAKAR, Senegal, PARIS, BERLIN & SAN FRANCISCO--(BUSINESS WIRE)--Today, Partech Africa publishes its annual report on VC Funding for African Startups. It appears that, in the middle of the global pandemic, the African tech ecosystem is still growing fast, with more deals closed, and is getting a boost from the accelerated digitalization of foundational economic sectors.
More equity rounds in a challenging year
In 2020, more startups have closed deals than in any previous year: 359 deals were closed by 347 startups, compared with 250 rounds in 2019, i.e., a +44% growth YoY. Another very positive signal is the number of seed deals which massively accelerated, reaching 228 deals (+80% YoY). Venture stages (Series A & B) are continuing to grow (+11% deals YoY) despite a general erosion of round sizes. Growth stage sees a low deal count and a marked drop in ticket size (-60% YoY).
The effects of the global crisis
Despite the strong growth in activity, the total amount raised by African startups decreased for the first time after nearly a decade of growth: the equity funding raised by African startups in 2020 totaled US$ 1.429 Billion, representing a -29% drop YoY. Another effect of the crisis was the drop in the average deal size of African VC tech equity deals. The absence of mega-rounds explains to a great extent the drop in funding amount.
The monthly breakdown shows that there was no clear and significant impact on activity level attributable to the crisis and, in fact, every month of 2020 saw more deals closed than the same month in 2019.
A resilient ecosystem which already creates value
Investors may have slowed down their processes, and founders delayed their rounds for better times, but the ecosystem still benefitted from a boost and acceleration of digitalization of key economic sectors, such as: Agriculture, Logistics & Mobility, Offgrid Energy, and Healthcare.
Key facts:
A stable methodology
The fifth Partech Africa annual report on African tech start-ups is based on the same methodology as the previous years: it covers equity deals in tech and digital spaces, and funding rounds higher than US$200K.
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Read the full report on Partech’s website.
About Partech
Born in San Francisco and Paris, Partech is one of the most active VCs in the world, bringing together capital, operational experience and strategic support for entrepreneurs at seed, venture and growth stages. In 2020, Partech invested in 82 startups across 24 countries in Europe, America, Africa and Asia, and generated US$ 1.3B in aggregate exit value.
About Partech Africa
Headquartered in Dakar, Senegal, Partech Africa is the largest VC fund dedicated to technology startups in Africa. Partech Africa focuses on series A and B equity rounds in startups which are changing the way technology is used in education, mobility, finance, healthcare, delivery, energy, etc.
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BETHESDA, Md.--(BUSINESS WIRE)--Enviva Holdings, LP (“Enviva” or “we”) announced the pricing of a $325 million senior secured green term loan facility (the “Green Term Loan”). The Green Term Loan, which has a maturity date of February 2026, has been priced at LIBOR plus 5.50% with a LIBOR floor of 1.00%, subject to an original issue discount of 1.00%. Enviva intends to use the net proceeds from the Green Term Loan primarily to purchase its joint venture partner’s interest in an existing development joint venture, to fund development and construction of renewable infrastructure assets, and for general business purposes.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering may be made only by means of an offering memorandum.
Cautionary Note Concerning Forward-Looking Statements
Certain statements and information in this press release may constitute “forward‑looking statements.” The words “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could” or other similar expressions are intended to identify forward‑looking statements, which are generally not historical in nature. These forward‑looking statements include statements regarding Enviva Holdings’ intention to offer the Green Term Loan to eligible lenders and its intended use of net proceeds therefrom. These forward-looking statements are based on Enviva Holdings’ current expectations and beliefs concerning future developments and their potential effect on it. Although management believes these forward‑looking statements are reasonable as and when made, there can be no assurance that future developments affecting Enviva Holdings will be those that it anticipates. The forward‑looking statements involve significant risks and uncertainties (some of which are beyond the control of Enviva Holdings and its affiliates) and assumptions that could cause results to differ materially from its present expectations. Enviva Holdings has no intention to update such forward-looking statements, and investors are cautioned not to place undue reliance on such forward-looking statements.
About Enviva Holdings, LP
Enviva Holdings, LP is the world’s largest producer of industrial wood pellets, a renewable and sustainable energy source used to generate electricity and heat. Through its subsidiaries, Enviva Holdings, LP owns and operates wood pellet processing plants and deep-water export terminals in the Southeastern United States. We export our pellets primarily to power plants in the United Kingdom, Europe, and Japan that previously were fueled by coal, enabling them to reduce their lifecycle carbon footprint by more than 85 percent. We make our pellets using sustainable practices that protect Southeastern forests and employ about 1,100 people and support many other businesses in the U.S. Southeast. Enviva Holdings, LP conducts its activities primarily through two entities: Enviva Development Holdings, LLC, a wholly owned private company, and Enviva Partners, LP, a publicly traded master limited partnership (NYSE: EVA). Enviva Holdings, LP owns approximately 34% of EVA’s common units and 100% of its incentive distribution rights (IDRs).
Investors:
Wushuang Ma
+1 (240) 482-3856
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DUBLIN--(BUSINESS WIRE)--The "Natural Gas Storage - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The publisher brings years of research experience to the 6th edition of this report. The 137-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Natural Gas Storage Market to Reach 499.5 Million TOE by the Year 2027
Amid the COVID-19 crisis, the global market for Natural Gas Storage estimated at 411.8 Million TOE in the year 2020, is projected to reach a revised size of 499.5 Million TOE by 2027, growing at a CAGR of 2.8% over the period 2020-2027.
Underground, one of the segments analyzed in the report, is projected to grow at a 2.5% CAGR to reach 303 Million TOE by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Above Ground segment is readjusted to a revised 3.2% CAGR for the next 7-year period. This segment currently accounts for a 38.3% share of the global Natural Gas Storage market.
The U.S. Accounts for Over 29.4% of Global Market Size in 2020, While China is Forecast to Grow at a 2.7% CAGR for the Period of 2020-2027
The Natural Gas Storage market in the U.S. is estimated at 121 Million TOE in the year 2020. The country currently accounts for a 29.38% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of 89.3 Million TOE in the year 2027 trailing a CAGR of 2.7% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 2.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR while Rest of European market (as defined in the study) will reach 89.3 Million TOE by the year 2027.
Competitors identified in this market include, among others:
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/key47b
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Tom Mason tapped to lead the Partnership’s increased focus on developing solar power projects and other technologies to continue its decade-long effort to reduce its environmental footprint
DALLAS--(BUSINESS WIRE)--Energy Transfer LP (NYSE: ET) today announced it has created a new group within the Partnership tasked with increasing the Partnership’s efforts to develop alternative energy projects aimed at continuing to reduce its environmental footprint throughout its operations. The Alternative Energy Group will be led by Tom Mason, who has more than 30 years of industry experience, including 14 years as Energy Transfer’s General Counsel, a role in which he will continue.
Under Mr. Mason’s leadership, the group will continue to focus on renewable energy projects such as solar and/or wind farms, either as a power purchaser, or in partnership with third party developers, and will also look to develop renewable diesel and renewable natural gas opportunities when they make economic sense. These potential projects could involve the utilization of existing pipelines throughout Energy Transfer’s extensive pipeline system, which consists of more than 90,000 miles of pipelines crossing 38 states.
The Partnership recently announced the results of one of these initiatives by supporting the construction of the Maplewood 2 Solar Project in West Texas with Recurrent Energy. The 28 MW solar project, expected to be in service in the 2nd quarter of this year, is the Partnership’s first-ever dedicated solar power purchase contract.
Energy Transfer has been reducing its greenhouse emissions over the past 10 years. An example of these efforts is the installation of its Dual Drive Compression system along some of its natural gas pipelines. Each Dual Drive compressor unit has patented technology that provides the ability to switch back and forth between an electric motor and a natural gas engine to manage changes in electrical demand due to high peaks or due to extreme weather conditions. In 2020 alone, this Dual Drive Technology reduced Energy Transfer’s carbon dioxide emissions by over 632,000 tons. Other emission reduction initiatives in place range from the use of emissions prevention technology such as vapor recovery units and stabilizers at natural gas process plants, to thermal oxidizers and direct injection systems to reduce or prevent methane emissions.
Energy Transfer continues to play a significant role in efficiently and safely transporting energy commodities throughout the United States that provide for our country’s electrical power generation requirements, fuel for our vehicles and equipment, and the necessary feedstock for the production of thousands of products used and consumed by Americans in everyday life. The Partnership is committed to helping meet the energy needs of our country while also reducing our carbon footprint throughout the U.S.
Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with a strategic footprint in all of the major domestic production basins. ET is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling assets; NGL fractionation; and various acquisition and marketing assets. ET, through its ownership of Energy Transfer Operating, L.P., also owns Lake Charles LNG Company, as well as the general partner interests, the incentive distribution rights and 28.5 million common units of Sunoco LP (NYSE: SUN), and the general partner interests and 46.1 million common units of USA Compression Partners, LP (NYSE: USAC). For more information, visit the Energy Transfer website at energytransfer.com.
Forward-Looking Statement:
This news release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal law. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management’s control. An extensive list of factors that can affect future results are discussed in the Partnership’s Annual Report on Form 10-K and other documents filed from time to time with the Securities and Exchange Commission, including the Partnership’s Quarterly Report on Form 10-Q to be filed for the current period. In addition to the risks and uncertainties previously disclosed, the Partnership has also been, or may in the future be, impacted by new or heightened risks related to the COVID-19 pandemic, and we cannot predict the length and ultimate impact of those risks. The Partnership undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.
The information contained in this press release is available on our website at www.energytransfer.com.
Energy Transfer Media Relations 214.840.5820
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Energy Transfer Investor Relations 214.981.0795
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AKRON, Ohio--(BUSINESS WIRE)--$BW #Environmental--Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Environmental segment will design, supply and install a flue gas energy recovery system and advanced water treatment equipment for a waste-to-energy plant in Europe. The contract is valued at more than $13 million.
The project scope includes the design, supply and installation of a B&W Vølund AB flue gas condenser and heat pump system for enhanced energy recovery and an advanced water treatment system for processing condensate. These advanced technologies are designed to reduce overall water consumption and increase the plant’s total energy output. The plant also utilizes B&W Vølund combustion technology to process municipal waste to supply heat and power to local homes and businesses.
“Waste-to-energy and other renewable energy sources provide clean, low-emissions energy for millions of people across Europe,” said B&W Chief Operating Officer Jimmy Morgan. “B&W provides our customers with industry leading emissions control, energy recovery and combustion technologies for waste-to-energy and biomass plants and we are actively pursuing significant opportunities with new and existing customers across Europe, as well as in Asia, the Middle East and the Americas.”
B&W Environmental provides flue gas purification and flue gas condensation for a wide range of applications. Our unique, patented B&W Vølund AB flue gas technologies help customers reduce atmospheric emissions cost effectively in more than 35 installations across Europe.
About B&W
Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc., is a global leader in energy and environmental technologies and services for the power and industrial markets. Follow us on LinkedIn and learn more at www.babcock.com.
About B&W Environmental
Babcock & Wilcox Environmental offers a full suite of best-in-class emissions control products and solutions for utility and industrial steam generation applications around the world. The segment’s broad experience includes systems for ash handling, particulate control, nitrogen oxides and sulfur dioxides removal, chemical looping for carbon control, and mercury control, along with cooling solutions.
Forward-Looking Statements
B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to a contract award for the design, supply and installation of an energy recovery system and advanced water treatment equipment for a waste-to-energy plant in Europe. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.
Investor Contact:
Megan Wilson
Vice President, Corporate Development & Investor Relations
Babcock & Wilcox
704.625.4944 | This email address is being protected from spambots. You need JavaScript enabled to view it.
Media Contact:
Ryan Cornell
Public Relations
Babcock & Wilcox
330.860.1345 | This email address is being protected from spambots. You need JavaScript enabled to view it.
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