HOUSTON--(BUSINESS WIRE)--Cheniere Energy, Inc. (“Cheniere”) (NYSE American: LNG) announced today that it has published a Climate Scenario Analysis Report. The report analyzes the long-term resilience of Cheniere’s business and the potential implications for LNG supply and demand in various future climate scenarios through 2040, including the IEA Sustainable Development Scenario, which is a below 2°C warming scenario. The analysis and report are aligned with the recommendations of the Task Force on Climate-related Financial Disclosures.
“The conclusions of this analysis reinforce our belief that Cheniere’s business is built for longevity, and that LNG has a significant role to play in the global transition to a lower carbon future,” said Jack Fusco, Cheniere’s President and Chief Executive Officer. “This analysis will assist Cheniere in strategic business decisions and efforts to inform our stakeholders about climate-related risks and business opportunities.”
Cheniere’s “Climate Scenario Analysis: Transitional Risk” report is available on its website at https://www.cheniere.com/resources.
About Cheniere
Cheniere Energy, Inc. is the leading producer and exporter of liquefied natural gas (LNG) in the United States, reliably providing a clean, secure, and affordable solution to the growing global need for natural gas. Cheniere is a full-service LNG provider, with capabilities that include gas procurement and transportation, liquefaction, vessel chartering, and LNG delivery. Cheniere has one of the largest liquefaction platforms in the world, consisting of the Sabine Pass and Corpus Christi liquefaction facilities on the U.S. Gulf Coast, with expected total production capacity of approximately 45 million tonnes per annum of LNG operating or under construction. Cheniere is also pursuing liquefaction expansion opportunities and other projects along the LNG value chain. Cheniere is headquartered in Houston, Texas, and has additional offices in London, Singapore, Beijing, Tokyo, and Washington, D.C.
For additional information, please refer to the Cheniere website at www.cheniere.com and Annual Report on Form 10-K for the year ended December 31, 2020, filed with the Securities and Exchange Commission.
Forward-Looking Statements
This press release contains certain statements that may include “forward-looking statements” within the meanings of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical or present facts or conditions, included herein are “forward-looking statements.” Included among “forward-looking statements” are, among other things, (i) statements regarding Cheniere’s financial and operational guidance, business strategy, plans and objectives, including the development, construction and operation of liquefaction facilities, (ii) statements regarding expectations regarding regulatory authorizations and approvals, (iii) statements expressing beliefs and expectations regarding the development of Cheniere’s LNG terminal and pipeline businesses, including liquefaction facilities, (iv) statements regarding the business operations and prospects of third parties, (v) statements regarding potential financing arrangements, (vi) statements regarding future discussions and entry into contracts, (vii) statements relating to the amount and timing of share repurchases, and (viii) statements regarding the COVID-19 pandemic and its impact on our business and operating results. Although Cheniere believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere’s periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere does not assume a duty to update these forward-looking statements.
Investors
Randy Bhatia, 713-375-5479
Megan Light, 713-375-5492
Media Relations
Eben Burnham-Snyder, 713-375-5764
Jenna Palfrey, 713-375-5491
SAN ANTONIO--(BUSINESS WIRE)--NuStar Energy L.P. (NYSE: NS) today announced that it will host a conference call on Tuesday, May 4, 2021 at 9:00 a.m. Central Time to discuss the first quarter 2021 earnings results, which will be released earlier that day. The conference call may be accessed by dialing toll-free 844/889-7787, reservation passcode 1971125. International callers may access the conference call by dialing 661/378-9931, reservation passcode 1971125. The partnership intends to have a playback available following the conference call, which may be accessed by dialing toll-free 855/859-2056, reservation passcode 1971125. International callers may access the playback by dialing 404/537-3406, reservation passcode 1971125.
Persons interested in listening to the live presentation or a replay via the internet may access the presentation directly at https://edge.media-server.com/mmc/p/ngcf7ru6 or by logging on to NuStar Energy L.P.’s website at www.nustarenergy.com.
NuStar Energy L.P., a publicly traded master limited partnership based in San Antonio, Texas, is one of the largest independent liquids terminal and pipeline operators in the nation. NuStar currently has approximately 10,000 miles of pipeline and 73 terminal and storage facilities that store and distribute crude oil, refined products, renewable fuels and specialty liquids. The partnership’s combined system has approximately 72 million barrels of storage capacity, and NuStar has operations in the United States, Canada and Mexico. For more information, visit NuStar Energy L.P.’s website at www.nustarenergy.com and our Sustainability page at www.nustarenergy.com/Sustainability.
NuStar Energy, L.P., San Antonio
Investors, Tim Delagarza, Manager, Investor Relations
Investor Relations: 210-918-INVR (4687)
or
Media, Mary Rose Brown, Executive Vice President and Chief Administrative Officer,
Corporate Communications: 210-918-2314
website: http://www.nustarenergy.com
NEW YORK--(BUSINESS WIRE)--#earnings--Hess Corporation (NYSE: HES) announced today that it will hold a conference call on Wednesday, April 28, 2021 at 10 a.m. Eastern Time to discuss its first quarter 2021 earnings release.
To phone into the conference call, parties in the United States should dial 877-693-6685 and enter the pass code 6296790 after 9:45 a.m. Outside the United States, parties should dial 443-295-9223 and enter the pass code 6296790. This conference call will also be accessible by webcast (audio only).
A replay of the conference call will be available from March 28 through May 13, 2021 by dialing 855-859-2056 and entering the pass code 6296790. Outside the United States, parties should dial 404-537-3406 and enter the pass code 6296790.
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at https://www.hess.com.
Forward-looking Statements
Certain statements in this release may constitute "forward-looking statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended, and Section 27A of the United States Securities Act of 1933, as amended. Forward-looking statements are subject to known and unknown risks and uncertainties and other factors which may cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, uncertainties inherent in the measurement and interpretation of geological, geophysical and other technical data. Estimates and projections contained in this release are based on the Company’s current understanding and assessment based on reasonable assumptions. Actual results may differ materially from these estimates and projections due to certain risk factors discussed in the Corporation’s periodic filings with the Securities and Exchange Commission and other factors.
For Hess Corporation
Investor Contact:
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Media Contact:
Lorrie Hecker, 212-536-8250
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PORTLAND, Ore.--(BUSINESS WIRE)--The Board of Directors of Northwest Natural Holding Company (NYSE: NWN) has declared a quarterly dividend of 48 cents per share on the Company's common stock.
The dividend will be paid on May 14, 2021 to shareholders of record on April 30, 2021. The Company's indicated annual dividend rate is $1.92 per share.
About NW Natural Holdings
Northwest Natural Holding Company, (NYSE: NWN) (NW Natural Holdings), is headquartered in Portland, Oregon and has been doing business for more than 160 years. It owns Northwest Natural Gas Company (NW Natural), NW Natural Water Company (NW Natural Water), and other business interests.
NW Natural is a local distribution company that currently provides natural gas service to approximately 2.5 million people in more than 140 communities through more than 770,000 meters in Oregon and Southwest Washington with one of the most modern pipeline systems in the nation. NW Natural consistently leads the industry with high J.D. Power & Associates customer satisfaction scores. NW Natural owns and operates 20 Bcf of underground gas storage capacity in Oregon.
NW Natural Water provides water distribution and wastewater services to communities throughout the Pacific Northwest and Texas. NW Natural Water currently serves approximately 63,000 people through about 26,000 connections. Learn more about our water business at nwnaturalwater.com.
Additional information is available at nwnaturalholdings.com.
Investor Contact: Nikki Sparley
Phone: 503-721-2530
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
RICHMOND, Va.--(BUSINESS WIRE)--Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised DSI Logistics, a portfolio company of Headhaul Capital Partners LLC (Headhaul Capital) and Argosy Private Equity (Argosy), on its sale to Pilot Freight Services (Pilot), a portfolio company of ATL Partners (ATL) and British Columbia Investment Corporation (BCI). DSI Logistics is a premier provider of final-mile delivery services. The transaction was led by Jason Bass, Frank Mountcastle, Jeffrey Kidd, Jonathan Meredith and Brett Bordlee of the Harris Williams Transportation & Logistics (T&L) Group.
“DSI Logistics is a best-in-class mission critical outsourced logistics provider known for its high levels of client service and execution excellence. The company thrived under the ownership of Headhaul Capital and Argosy, and we are excited to see what DSI Logistics accomplishes in partnership with Pilot,” said Jason Bass, a managing director at Harris Williams.
“The final-mile has quickly become one of the most critical legs of the supply chain as companies respond to the rapid growth of e-commerce and changing consumer behaviors and expectations. We expect to see continued strong investor interest in final-mile providers such as DSI Logistics with the scale, delivery network and systems in place to service a national customer base,” added Jonathan Meredith, a director at Harris Williams.
DSI Logistics is a leading third-party logistics firm specializing in final-mile home delivery, distribution and installation of large, non-conveyable goods such as furniture, appliances and electronics. DSI Logistics is focused on developing long-term, strategic partnerships with local and national retailers, distributors and manufacturers to become an integral part of their supply chains. The company’s mission is to provide a professional, safe and successful delivery experience every time to every customer.
Headhaul Capital, based in Greenwich, Connecticut, is a middle market private equity firm focused on acquiring and building businesses in the transportation, logistics and distribution industries. The managing partners have extensive private equity and operating experience, with an average of 20 years of experience specifically in the company’s focus industries. This longstanding history of specialization and particular capabilities in these industries offers senior executives a unique opportunity to partner with an investment team that works to create value through a proven combination of an in-depth understanding of niche-trends, experience in delivering operational efficiency, debt and equity capital markets knowledge, and execution of strategic and acquisition driven growth initiatives.
Argosy, founded in 1990, specializes in providing capital and operating and financial expertise to lower middle market companies across a broad range of industries. Argosy partners with motivated management teams investing in companies with sustainable competitive advantages and attractive growth prospects. Argosy Private Equity is a division of Argosy Capital Group, Inc. (Argosy Capital) together with Argosy Real Estate Partners, Argosy Credit Partners, Argosy Strategic Partners and Argosy Healthcare Partners. Argosy Capital is an SEC registered investment adviser with approximately $1.5 billion of assets under management. All of the Argosy Capital funds focus on lower middle market investments.
Pilot is an award-winning full-service transportation and logistics provider with 96 locations throughout North America. Pilot also has several locations in Western Europe and a presence in the Asia-Pacific marketplace. The company’s freight forwarding services encompass every mode of transportation, including air, ground and ocean, serving all corners of the globe. Pilot’s full-mile and final-mile home delivery solutions for heavy and hard to handle goods include value-added service offerings such as white glove, assembly and installation. Pilot’s logistics programs offer a complete line of expedited and time-definite services, international shipping solutions, product warehousing and inventory management. In addition, Pilot’s online shipment navigator, CoPilot, makes online shipping fast, convenient and secure.
Founded in 2014, ATL is a premier sector-focused private equity firm that invests in aerospace, transportation and logistics companies. ATL brings deep sector expertise to its investment approach with nine investment professionals and seven Executive Board members who have decades of combined operating experience in each of ATL’s core sectors.
With 171.3 billion Canadian dollars of managed assets as of March 31, 2020, BCI is a leading provider of investment management services to British Columbia’s public sector and one of Canada’s largest asset managers. BCI generates investment returns that help their institutional clients build a financially secure future. With a global outlook, BCI seeks investment opportunities that convert savings into productive capital that meet their clients’ risk/return requirements over time. BCI invests across a range of asset classes: fixed income; mortgages; public and private equity; real estate; infrastructure; and renewable resources. BCI’s private equity program, valued at CA$17.9 billion, is focused on direct investments in industrials, technology, consumer/retail, healthcare, as well as financial and business services.
Harris Williams, an investment bank specializing in M&A advisory services, advocates for sellers and buyers of companies worldwide through critical milestones and provides thoughtful advice during the lives of their businesses. By collaborating as one firm across Industry Groups and geographies, the firm helps its clients achieve outcomes that support their objectives and strategically create value. Harris Williams is committed to execution excellence and to building enduring, valued relationships that are based on mutual trust. Harris Williams is a subsidiary of the PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams Transportation & Logistics Group serves companies in a broad range of attractive niches, including third-party logistics (3PL), automotive and heavy-duty vehicle, transportation equipment, and truck, rail, marine and air transportation. For more information on the firm’s T&L Group and other recent transactions, visit the T&L Group’s section of the Harris Williams website.
Harris Williams LLC is a registered broker-dealer and member of FINRA and SIPC. Harris Williams & Co. Ltd is a private limited company incorporated under English law with its registered office at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. Corporate Finance Advisors GmbH is registered in the commercial register of the local court of Frankfurt am Main, Germany, under HRB 107540. The registered address is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main, Germany (email address: This email address is being protected from spambots. You need JavaScript enabled to view it.). Geschäftsführer/Directors: Jeffery H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct business.
For media inquiries, please contact Julia Moore at This email address is being protected from spambots. You need JavaScript enabled to view it..
OSLO, Norway & NEW YORK--(BUSINESS WIRE)--FREYR AS, (the “Company” or “FREYR”), the Norway-based developer of clean, next-generation battery cell production capacity set to become a publicly listed company on the New York Stock Exchange (“NYSE”) in the second quarter of 2021 through a business combination with Alussa Energy Acquisition Corp. (“Alussa Energy”), today provides an end-of-quarter company update.
Key developments in the first quarter of 2021:
“In line with our market expectations of exponential growth in battery cell demand, we see increasing signs of supply shortages as the global energy transition and decarbonization of transportation and energy systems accelerate. This is reflected in strong progress on an increasing number of customer dialogues within FREYR’s target markets of electrical vehicles, energy storage systems and marine applications. The underlying battery cell supply shortage creates positive market dynamics supporting offtake of significant volumes under competitive contracts for localized low cost, low carbon battery cell suppliers. Our strategy for rapid scale-up of low cost, clean production capacity based on commercially introduced, next-generation battery technology partnerships is highly appreciated by both prospective customers and an increasing number of potential value-chain partners,” says Tom Jensen, the Chief Executive Officer (CEO) of FREYR.
“We are on track to deliver on our ambition of producing battery cells with high energy density at low cost with the world’s lowest carbon footprint positioning FREYR as one of Europe’s largest battery cell suppliers by 2025,” adds Torstein Dale Sjøtveit, FREYR’s Executive Chairman.
NYSE listing to provide funding for phased battery cell Gigafactory development
On 29 January 2021, FREYR announced that it will become a publicly listed company through a business combination with Alussa Energy, raising approximately $850 million in equity proceeds, assuming no redemptions of Alussa Energy shareholders, to accelerate the development of up to 43 GWh clean battery cell manufacturing capacity in Norway. The transaction includes a $600 million fully committed Private Investment in Public Equity (“PIPE”) anchored by strategic and institutional investors, including Koch Strategic Platforms, Glencore, Fidelity Management & Research Company LLC, Franklin Templeton, Sylebra Capital and Van Eck Associates Corporation. 100% of FREYR’s existing shares will roll over into the combined company.
Subject to closing conditions being met, the combined company will be named “FREYR Battery” ("Pubco") and its common stock is expected to start trading on the New York Stock Exchange under the ticker symbol FREY upon closing, expected in the second quarter of 2021. On 16 February 2021, the extraordinary general meeting of FREYR approved the business combination. Alussa Energy expects its Special Meeting to approve the business combination to take place between second half of April and first half of May 2021.
Pubco will have an eight-person board of directors. FREYR has nominated Torstein Dale Sjøtveit, Peter Matrai and Olaug Svarva as directors of Pubco. Svarva is the Chair of the Board of DNB ASA, Norway’s largest financial institution and Norfund, the Norwegian Investment Fund for Developing Countries and a Director at Investinor AS, an evergreen investment company funded by the Norwegian government. Svarva was previously CEO of The Government Pension Fund Norway from 2006 to 2018. Matrai is a co-founder of FREYR with decades of experience in finance, technology commercialization and operations within bioenergy and sustainability ventures. Sjøtveit is one of the founders of FREYR, Chairman nominee and brings over 35 years of executive leadership experience developing complex utility and energy projects globally.
Alussa Energy has tentatively nominated Daniel Barcelo, German Curá and Monica Tiúba as directors of Pubco. Tiúba is a Director of the Board of Tenaris S.A. and the Chair of the audit committee; Curá is Vice Chairman of the Board of Tenaris S.A.; and Barcelo is founder and Chief Executive Officer of Alussa Energy.
FREYR and Alussa Energy have also agreed to nominate to the Pubco board of directors Jeremy Bezdek, a Managing Director at Koch Strategic Platforms, a strategic investor in the PIPE.
Progressing Norway’s first industrial scale lithium-ion battery cell manufacturing facility
At end of March, FREYR commenced development of its pilot/customer qualification plant by preparing the brownfield site for installation of production equipment to optimize manufacturing of clean, low-cost and high-energy density battery cells based on renewable energy.
The pilot/customer qualification plant is expected to be Norway’s first industrial scale lithium-ion battery cell manufacturing facility when operational in 2022. It will use 24M Technologies’ (“24M”) disruptive SemiSolid lithium-ion battery platform technology to develop and qualify battery cell designs and support FREYR’s plan to build up to 43 GWh of battery cell production capacity by 2025. FREYR targets announcing the supplier of production equipment for the pilot plant at end-of-May based on ongoing tender processes.
FREYR is currently participating in more than 40 ongoing customer dialogues and will leverage the pilot plant to produce sample battery cells for customer qualification and product certification to support customer off-take agreements. FREYR has in recent months announced non-binding memoranda of understanding with Siemens Energy AS, Scatec ASA, Maersk Norge AS and ITOCHU Corporation to supply battery cells to accelerate the deployment of renewable energy solutions.
FREYR is also maturing relationships across the battery supply chain according to its partnership-based strategy, and on 1 February 2021, the Company announced a non-binding LOI with Glencore International AG for supply of up to 3,755 tonnes of sustainably sourced cobalt metal cut cathodes produced at Nikkleverk, Glencore’s Norwegian operations. Glencore is also one of the PIPE investors contributing equity in connection with the proposed business combination with Alussa Energy. Previously, FREYR announced non-binding memoranda of understanding with companies such as Elkem Carbon AS, Maersk Norge AS, ITOCHU Corporation and Sumisho Metalex Corporation.
Strengthened leadership team and initiated expansion of wider organization
In parallel to the operational developments, FREYR is accelerating the organisational build-up to expand execution capabilities and capacity following establishment of the leadership team in early 2021. This was led by the appointment of Jan Arve Haugan, an international energy sector and technology-driven industry veteran, as Chief Operating Officer and Deputy CEO; Hege Marie Norheim, a seasoned professional and leader within stakeholder relations and sustainability, as Executive Vice President, Human Resources, Sustainability and Communication; and Gery Bonduelle, a professional within energy storage solutions technology and sales, as Executive Vice President Sales.
FREYR is currently in the process of building out the existing team with more than 70 highly qualified professionals to support the development of the pilot and customer qualification plant and FREYR’s subsequent planned giga-factories in Mo i Rana, Norway, as well as bolstering sales, marketing and corporate functions. The FREYR organisation has grown to approximately 50 employees to date in 2021 including the most recent hires joining in the coming weeks. They represent multiple nationalities and various backgrounds including experience from developing and operating complex production facilities within the oil and gas, aluminium and other process-intensive industries across all levels of the organisation. FREYR targets having above 200 employees by year-end 2021, increasing to an estimated 1,400 employees when the planned Gigafactories in Mo i Rana are operational by 2025.
Received low-emission government grants
FREYR also received a NOK 142 million (approximately $17 million) grant from the Norwegian Ministry of Climate and Environment through ENOVA SF as part financing for the development and construction of the pilot plant and a NOK 39 million (approximately $4 million) grant from Innovation Norway, the Norwegian Government’s key instrument for supporting innovation and development of Norwegian enterprises and industry. The grants support development of environmental technology and innovations that reduces greenhouse gas emissions.
As part of FREYR’s technology development strategy, the company during the first quarter began working with the Norwegian University of Science and Technology (NTNU) and the professional research organization SINTEF on the research and development of clean battery cell technology based on 24M technology. NTNU and SINTEF’s battery laboratory facilities provide access to scientific expertise and machinery for lithium-ion battery (LiB) cell manufacturing research.
Partnership with 24M Technologies to industrialize next generation technology solution
As previously reported, on December 21, 2020 FREYR entered into a definitive License and Services Agreement to use 24M’s SemiSolid lithium-ion battery platform technology in the planned facilities in Mo i Rana (the “24M License”). The 24M License provides FREYR with rights to produce battery cells based on 24M’s current and future technology, and 24M will provide services to FREYR, including technical training of engineers, information relevant to construct and operate the factories and on-site support, starting with the pilot/customer qualification plant.
The 24M License provides FREYR with a worldwide license to manufacture, offer for sale and sell an unlimited number of battery cells, excluding rights to (a) manufacture battery cells within each of Japan and the members of the Association of Southeast Asian Nations (“ASEAN”) until December 31, 2022 and (b) sell and offer to sell battery cells within each of Japan and the ASEAN until a future date currently estimated for each to be December 31, 2022. Furthermore, the 24M License only provides for limited exclusivity. With the exception of direct grants to any company that produces more than 500,000 cars and/or more than 10,000 trucks or buses annually, 24M will refrain from granting any license to manufacture battery cells within (i) Denmark, Norway, Sweden, Finland, Greenland and Iceland (the “Scandinavian Region”) through December 31, 2023 and (ii) the European Economic Area, excluding the Scandinavian Region and the grant of no more than two licenses, inclusive of that granted to FREYR in the 24M License, through December 31, 2023, in either case wherein the battery cells are produced for use, used or sold for grid connected electricity storage system applications that have more than 200 kWh of lithium-ion battery storage capacity, excluding any applications related to automotive charging or discharging. 24M may terminate the 24M License if FREYR fails to achieve a sustained production rate of at least 1 GWh per year by December 31, 2024.
Positioning FREYR as one of Europe’s largest battery cell suppliers by 2025
“There is increased momentum in developing FREYR’s clean Nordic solutions for the rapidly growing global demand for high-energy density and cost competitive battery cells. Privileged access to next generation technology, capital, motivated people and strong value chain partnerships support the execution of FREYR’s strategy to become a global champion in reliable, safe, clean and low cost battery cell manufacturing and unlock sustainable, long-term returns to our shareholders and stakeholders,” Tom Jensen concludes.
About FREYR AS
FREYR plans to develop up to 43 GWh of battery cell production capacity by 2025 to position the Company as one of Europe’s largest battery cell suppliers. The facilities will be located in the Mo i Rana industrial complex in Northern Norway, leveraging Norway’s highly skilled workforce and abundant, low-cost renewable energy sources from hydro and wind in a crisp, clear and energized environment. FREYR will supply safe, high energy density and cost competitive clean battery cells to the rapidly growing global markets for electric vehicles, energy storage, and marine applications. FREYR is committed to supporting cluster-based R&D initiatives and the development of an international ecosystem of scientific, commercial, and financial stakeholders to support the expansion of the battery value chain in our region. For more information, please visit www.freyrbattery.com.
About Alussa Energy Acquisition Corp.
Alussa Energy is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While Alussa Energy may pursue an acquisition opportunity in any industry or sector, Alussa Energy intends to focus on businesses across the entire global energy supply chain. For more information, please visit: https://www.alussaenergy.com.
Forward-looking statements
The information in this press release includes forward-looking statements and information based on management’s expectations as of the date of this press release. All statements other than statements of historical facts, including statements regarding FREYR’s business strategy, achievement of life cycle emissions targets, the development production plants, number of employees, size of the board of directors, mechanics and consummation of the anticipated business combination with Alussa Energy (the “Transaction”) and the terms of such combination, anticipated benefits of FREYR’s technologies and projected production capacity are forward-looking statements. The words “may,” will,” “expect,” “plan,” “target,” or similar terminology are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. FREYR may not actually achieve the plans or expectations disclosed in these forward-looking statements, and you should not place undue reliance on these forward-looking statements. Factors that may cause actual results to differ materially from current expectations, include FREYR’s ability to execute on its business strategy and develop and increase production capacity in a cost-effective manner; changes adversely affecting the battery industry; the further development and success of competing technologies; the failure of 24M technology or FREYR’s batteries to perform as expected; and our ability to complete the business combination with Alussa Energy on the terms that we currently expect or at all.
No Offer or Solicitation
This press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities pursuant to the Transaction or otherwise, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
No Assurances
There can be no assurance that the Transaction will be completed, nor can there be any assurance, if the Transaction is completed, that the potential benefits of combining the companies will be realized.
Important Information about the Transaction and Where to Find It
In connection with the Transaction, Alussa Energy and Pubco will file relevant materials with the SEC, including a Form S-4 registration statement to be filed by Pubco (the “S-4”), which will include a prospectus with respect to Pubco’s securities to be issued in connection with the proposed business combination and a proxy statement (the “Proxy Statement”) with respect to Alussa Energy’s shareholder meeting at which Alussa Energy’s shareholders will be asked to vote on the proposed Business Combination and related matters. ALUSSA ENERGY SHAREHOLDERS AND OTHER INTERESTED PERSONS ARE ADVISED TO READ, WHEN AVAILABLE, THE S-4 AND THE AMENDMENTS THERETO AND OTHER INFORMATION FILED WITH THE SEC IN CONNECTION WITH THE TRANSACTION, AS THESE MATERIALS WILL CONTAIN IMPORTANT INFORMATION ABOUT ALUSSA ENERGY, PUBCO, FREYR AND THE TRANSACTION. When available, the Proxy Statement contained in the S-4 and other relevant materials for the Transaction will be mailed to shareholders of Alussa Energy as of a record date to be established for voting on the proposed business combination and related matters. The preliminary S-4 and Proxy Statement, the final S-4 and definitive Proxy Statement and other relevant materials in connection with the Transaction (when they become available), and any other documents filed by Alussa Energy with the SEC, may be obtained free of charge at the SEC’s website (www.sec.gov) or by writing to Alussa Energy Acquisition Corp. at c/o PO Box 500, 71 Fort Street, Grand Cayman KY1-1106, Cayman Islands.
FREYR
Steffen Føreid, CFO, +47 9755 7406, This email address is being protected from spambots. You need JavaScript enabled to view it.
Harald Bjørland, Investor Relations, +47 908 58 221, This email address is being protected from spambots. You need JavaScript enabled to view it.
Hilde Rønningsen, Director of Communications, +47 453 97 184, This email address is being protected from spambots. You need JavaScript enabled to view it.
Alussa Energy
Chi Chow, Alussa Energy, Strategy & Investor Relations, +1 929-303-6514, This email address is being protected from spambots. You need JavaScript enabled to view it.
SACRAMENTO, Calif.--(BUSINESS WIRE)--#ClimateAction--If California is going to meet its aggressive goals for zero-emission vehicles, the state will need to make major new investments in building the infrastructure for hydrogen vehicles.
That will be the testimony of union leaders, auto manufacturers, and the hydrogen industry at a hearing of a joint hearing of the Senate Transportation Committee and Senate Budget Subcommittee 2 on Resources, Environmental Protection and Energy on Friday, April 9, 2021 at 2:30 p.m. chaired by Senator Lena Gonzalez (D-Long Beach) and Senator Bob Weickowski (D-Fremont).
Hydrogen backers note the industry will receive approximately $190 million through 2023 thru the state’s Clean Transportation program. That compares to the more than $2.4 billion that has been spend on charging infrastructure for battery electric vehicles. The private sector has contributed 70 percent of the cost for the state’s charging stations – a figure that is at risk if the state does not show more support for the technology.
Industry experts say hydrogen fuel cell vehicles have several advantages over battery electric vehicles. For example, they can be fueled as quickly as a conventional gasoline-powered automobile (three to five minutes), eliminating the extended time periods for charging. They also have a longer driving range, making them a better fit for the increasing number of California “super commuters” that drive long distances. In addition, since charging stations aren’t required, they are a more logical option for the 40 percent of Californians who live in apartment buildings and other multi-family housing.
Studies from the California Air Resources Board note that 1,000 strategically located hydrogen fueling stations could serve about 97 percent of the state. There are currently 45 such stations in the state today.
There are approximately 10,000 hydrogen powered vehicles on California’s roads today.
To listen only, but not testify, for this hearing in the Senate Chamber, please dial 1-888-251-2909 and use Access Code 7362831.
Steven Maviglio, 916-607-8340
Nowi and its industry partners have announced their long-term strategic focus on reducing battery waste by enabling energy harvesting in various consumer electronics and industrial applications.
AMSTERDAM--(BUSINESS WIRE)--#IoT--Nowi, Toshiba, Changhong, TW Electronics and other electronics conglomerates have reiterated their environmental responsibility and identified energy harvesting as a credible solution to meaningfully reduce the electronic waste footprint of the world. Not only does it help the environment by reducing the number of primary batteries being discarded but also by reducing the volume of raw materials being mined due to the extending of the lifespan of existing batteries.
Recent consumer trends for sustainable products are driving companies to increasingly invest in sustainable technologies such as energy harvesting. The European Union is also committed to implementing legal frameworks to recycle and reduce battery waste.
More information on the battery-waste reduction initiative can be found here.
Companies wanting to join the initiative are invited to contact Nowi directly.
Dennis van der Tol, Retail Sales Manager at Toshiba Corporations said “Toshiba strives to reduce the environmental impacts of all its business processes and reducing battery disposal is an important element in this strategy. Recently we have seen a strong adoption of electronic shelf labels in stores. By incorporating novel green technologies, the need for battery changes can be eliminated.”
Simon van der Jagt, CEO at Nowi said “As we continue to connect the physical world to the digital, we risk causing immense harm by generating ever more e-waste. Energy harvesting’s potential is more than just cost savings, it is first and foremost one of the best methods to ensure a sustainable future of electronics.”
About Nowi:
Nowi is a private semiconductor firm based in Delft, the Netherlands, founded in 2015. Their expertise is in energy harvesting (low) power management IC and IP design. Nowi has been able to reduce the PCB assembly footprint of their IC by a factor 30 compared to other market alternatives, eliminate the need for various external components such as inductors, and increase the DC-DC conversion efficiency. The company is focusing on enabling low-power connected applications to become “Plug & Forget”.
www.nowi-energy.com
Anirban Roy
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TORONTO--(BUSINESS WIRE)--Superior Plus Corp. (“Superior”)(TSX:SPB) is pleased to announce the completion of the previously announced sale of its Specialty Chemicals business (“Specialty Chemicals”) to Birch Hill Equity Partners (“Birch Hill”) for total consideration of $725 million (the “Transaction”). Under the terms of the Transaction, Superior received $600 million in cash proceeds from Birch Hill, subject to certain adjustments, and $125 million in the form of a 6% unsecured note issued by the affiliate of Birch Hill that is acquiring Specialty Chemicals. The consideration received is subject to certain post-closing adjustments as previously disclosed.
“We are excited to announce the close of the Transaction as this represents the completion of Superior’s transformation into a pure-play energy distribution company,” said Luc Desjardins, President and CEO of Superior. “The sale of Specialty Chemicals was an important component of our strategic plan and provides us with additional capital to further accelerate our accretive growth strategy in the U.S. and Canadian propane markets. We have a robust pipeline of acquisition opportunities and we anticipate more than doubling the U.S. Propane Distribution EBITDA from operations over the next five years.”
Orrick, Herrington & Sutcliffe LLP acted as legal counsel to Superior on the Transaction. Barclays acted as financial advisor to Superior.
Amended Senior Secured Credit Facility
Superior is also pleased to announce that its wholly-owned subsidiaries, Superior Plus LP, Superior General Partner Inc. and Superior Plus US Financing Inc., have completed an extension of their $750 million senior secured revolving credit facility (the “Credit Facility”) with The Bank of Nova Scotia and TD Securities as Co-Lead Arrangers, and a syndicate of ten lenders. The Credit Facility will now mature on May 8, 2026 and has been amended to reflect the release of certain obligors from its terms as a result of the Transaction. There have been no changes to the total commitments available under the Credit Facility ($750 million), the accordion facility capacity ($300 million) or the financial covenants.
“We are pleased to have completed the extension of the Credit Facility with strong support from our lenders. Superior continues to maintain its financial flexibility and low borrowing costs to support our Energy Distribution growth strategy through acquisitions and organic growth. Our strong balance sheet, along with prudent financial policies, supports our ability to pursue accretive growth opportunities to create long-term value for our shareholders,” said Beth Summers, Executive Vice President and CFO.
Superior is committed to maintaining a resilient balance sheet with sufficient liquidity to grow the business through acquisitions and organic growth. Superior plans to use the net proceeds from the Transaction initially to reduce debt, including paying down outstanding loans under the Credit Facility. As a result of the Transaction, Superior’s available liquidity based on borrowing capacity under the Credit Facility and cash on hand is approximately $1.2 billion. Superior expects to use the available liquidity for additional debt repayment and acquisitions.
2021 Virtual Investor Day
Superior will host a virtual Investor Day on May 25, 2021 at 1 PM EDT. During the event, members of the executive leadership team will provide an update on Superior’s markets and businesses, strategic transformational initiative, the Superior Way Forward, and future financial outlook.
To confirm your attendance for the event, please RSVP by emailing This email address is being protected from spambots. You need JavaScript enabled to view it.. A link to the webcast along with the agenda for the event will be emailed to all participants and will also be posted on Superior’s website in the “Events” section closer to the time of Investor Day.
About the Corporation
Superior is a leading North American distributor and marketer of propane and distillates and related products and services, servicing over 780,000 customer locations in the U.S. and Canada.
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).
Forward Looking Information
Certain information included herein is forward-looking, within the meaning of applicable Canadian securities laws. Such information is typically identified by words such as "anticipate," "believe," "could," "estimate," "expect," "plan," "intend," "forecast," "future," "guidance," "may," "predict," "project," "should," "strategy," "target," "will" or similar expressions suggesting future outcomes. Forward-looking information in this news release includes forward looking information relating to the use of proceeds from the Transaction, the anticipation that the U.S. Propane Distribution EBITDA from operations will more than double over the next five years and the use of available liquidity for additional debt repayment and acquisitions. Superior believes the expectations reflected in such forward-looking information are reasonable but no assurance can be given that these expectations will prove to be correct and such information should not be unduly relied upon.
Forward-looking information is not a guarantee of future performance. By its very nature, forward-looking information involves inherent assumptions, risks and uncertainties, both general and specific, and risks that predictions, forecasts, projections and other forward-looking information will not be achieved, including risks relating to the operating and financial performance of the Energy Distribution business which are described in Superior’s annual management discussion and analysis and Superior’s current annual information form for the fiscal year ended December 31, 2020 and risks relating to the availability of and ability to execute sufficient energy distribution acquisitions on attractive terms over the next five years. Key assumptions or risk factors to the anticipated ability to execute sufficient acquisitions, and more than double U.S. Propane Distribution EBITDA from operations, in the next five years include, but are not limited to, financial market conditions, Superior’s future debt levels, Superior’s ability to generate sufficient cash flows from operations to meet its current and future obligations, access to, and terms of, future sources of funding for Superior’s capital expenditures and acquisitions, future adjustments to the consideration received from the Transaction, the integration of businesses into Superior’s operations, competitive action by other companies, availability and timing of acquisition targets, actions by governmental authorities including increases in taxes and changes in environmental and other regulations, general economic, market and business conditions, the regulatory framework that governs the operations of Superior’s business and industry capacity. Should one or more of these risks and uncertainties materialize, or should assumptions described above prove incorrect, Superior's actual performance and results in future periods may differ materially from any projections of future performance or results expressed or implied by such forward-looking information. We caution readers not to place undue reliance on this information as a number of important factors could cause the actual results to differ materially from the beliefs, plans, objectives, expectations and anticipations, estimates and intentions expressed in such forward-looking information.
Forward-looking information contained in this news release is provided for the purpose of providing information about management's goals, plans and range of expectations for the future and may not be appropriate for other purposes. Any forward-looking information is made as of the date hereof and, except as required by law, Superior does not undertake any obligation to publicly update or revise such information to reflect new information, subsequent or otherwise.
Non-GAAP Measures
Throughout this release, Superior has used the following terms that are not defined by International Financial Reporting Standards (“Non-GAAP Financial Measures”), but are used by management to evaluate the performance of Superior and its business: earnings before interest, taxes, depreciation and amortization (“EBITDA”) and EBITDA from operations. These measures may also provide additional useful information to and be used by investors, financial institutions and credit rating agencies to assess Superior’s performance and ability to service debt. Non-GAAP Financial Measures do not have standardized meanings prescribed by GAAP and are therefore unlikely to be comparable to similar measures presented by other companies as they may calculate them differently from Superior. Securities regulations require that Non-GAAP Financial Measures are clearly defined, qualified and reconciled to their most comparable GAAP financial measures.
Non-GAAP Financial Measures should not, therefore, be considered in isolation or used in substitute for measures of performance prepared in accordance with GAAP. Investors should be cautioned that EBITDA from operations should not be construed as an alternative to net earnings, cash flow from operating activities or other measures of financial results determined in accordance with GAAP as an indicator of Superior’s performance. Non-GAAP Financial Measures are identified and defined as follows:
EBITDA from operations
EBITDA from operations represents earnings before interest, taxes, depreciation, amortization, gains and losses on disposal of assets, finance expense, restructuring costs, transaction and other costs, unrealized gains and losses on derivative financial instruments, realized gains and losses on foreign currency hedging contracts, and corporate costs. EBITDA from operations excludes costs that are not considered representative of Superior’s underlying core operating performance. Management uses EBITDA from operations to set targets for Superior (including annual guidance and variable compensation targets).
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)
NEW YORK--(BUSINESS WIRE)--Piedmont Lithium Limited (“Piedmont” or the “Company”) (Nasdaq:PLL; ASX:PLL) is pleased to announce an updated Global Mineral Resource estimate (“MRE”) (Table 1) for the Company’s flagship Piedmont Lithium Project in North Carolina, USA which includes updated Mineral Resource estimates from the Core and Central properties and an initial Mineral Resource estimate from the Huffstetler property (Table 2). The total MRE for the project is 39.2 Mt at 1.09% Li2O (Figure 1), with 55% of the MRE currently classified in the Indicated category. The Mineral Resource estimate is reported in accordance with JORC Code (2012 Edition).
Table 1: Piedmont Lithium Global Mineral Resources Estimate (MRE) |
||||
Resource Category |
Tonnes
|
Grade
|
Li2O
|
LCE
|
Indicated |
21.6 |
1.12 |
241,000 |
597,000 |
Inferred |
17.6 |
1.03 |
181,000 |
449,000 |
Total |
39.2 |
1.09 |
422,000 |
1,046,000 |
Keith D. Phillips, President and Chief Executive Officer, commented: “Increasing the scale of our North Carolina mineral resource to 39.2 Mt at 1.09% Li2O establishes our asset as one of the largest spodumene resources in North America – and the only one in the United States. The expanded resource offers the potential for increased annual lithium production, something we will evaluate as we prepare our updated Scoping Study for release next month. All this is coming together at an ideal time, as the public and private sectors dramatically increase their investment in the electrification of America. Given the scope and strategic location of our Piedmont Lithium Project, we believe we are ideally positioned to play a critical role in helping the United States build a clean energy economy and a U.S. based EV supply chain.”
To view the complete ASX Release, click here.
Keith D. Phillips
President & CEO
T: +1 973 809 0505
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Brian Risinger
Vice President – Corporate Communications
T: +1 704 910 9688
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Restaurants in Six Counties Can Apply for Pandemic Relief through New Grant Program
SAN FRANCISCO--(BUSINESS WIRE)--Beginning next week, restaurants in six Northern and Central California counties can apply for a $3,500 grant to help them rebound from the economic impacts of the COVID-19 pandemic. The California Restaurant Foundation’s (CRF) Restaurants Care Resilience Fund is accepting applications April 11-18, 2021. Pacific Gas and Electric Company (PG&E) contributed $500,000 to the fund to assist small restaurants struggling in the wake of stay-at-home orders and other pandemic restrictions that have affected their businesses.
Grants are available to California resident-owned restaurants with 50 or fewer employees in these Northern and Central California counties: Alameda, Fresno, Kern, Sacramento, San Francisco, and San Joaquin.
The Restaurants Care Resilience Fund is focused on long-term resilience for small restaurants that have struggled the most during the pandemic. Special consideration will be given to minority- and women-owned businesses. In addition to the $3,500 grant, restaurants will receive one year of small business support services.
“What’s really unique about our Resilience Fund is that it supports the business as well as individual restaurant workers,” said Alycia Harshfield, Executive Director of the California Restaurant Foundation. “A portion of the funds raised will provide grants for cooks, servers, dishwashers and more who face unforeseen hardship and have nowhere else to turn. So yes, we’re helping restaurants keep their crew on payroll, while also offering a safety net for when things get tough.”
To qualify, restaurants must be currently open and have had a revenue loss of more than 20% from 2019 to 2020. Funding is intended to be used on payroll and related expenses such as increasing hours and bringing on new hires.
“Many local restaurants are cornerstones of their towns and communities, and they have suffered tremendously during the COVID-19 pandemic. These small businesses provide jobs, help families celebrate important milestones, and fuel local economies. PG&E is supporting the Restaurants Care Resilience Fund to help restaurants keep their doors open, and we’re continuing to help these and our other business customers recover from the financial effects of the pandemic,” said PG&E Executive Vice President and Chief Customer Officer Marlene Santos.
Assisting Small and Medium Businesses
PG&E remains committed to serving its Small and Medium Business customers throughout the COVID-19 pandemic. Since the pandemic began, PG&E has:
For more information on PG&E Small and Medium Business customer support, visit pge.com/smbsupport.
Supporting Nonprofits Battling COVID-19
PG&E’s $500,000 contribution is part of the $1.25 million it is contributing in 2021 to nonprofit organizations assisting vulnerable individuals, families and communities, as well as small businesses, as they cope with the ongoing impacts of the COVID-19 pandemic. Contributions are focused on nonprofits addressing food insecurity, minority- and women-owned small businesses, general community relief, utility bill assistance and youth programming.
PG&E's continuing support for the customers and communities it serves builds on the $1 million in funding provided to nonprofits supporting COVID-19 relief in 2020 from PG&E and The PG&E Corporation Foundation. These charitable contributions are shareholder-funded, not funded by PG&E customers.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
MEDIA RELATIONS:
415-973-5930
Electric trucks and the charging infrastructure are expected to experience major gains in revenue in the latter half of the forecast as policies become more stringent
BOULDER, Colo.--(BUSINESS WIRE)--#GHInsights--A new report from Guidehouse Insights assesses the global markets for electric heavy commercial vehicles (e-HCVs) and supporting charging infrastructure, including technologies, market drivers and barriers, as well as market growth over the next decade.
While electrification of the HCV market is well underway in some countries such as China, other countries are working to catch up. Public transit fleets are implementing the transition toward electricity at a rapid pace, and major parcel delivery services are placing huge orders for purpose-built e-HCVs with new market players. Established truck suppliers are introducing electric rigid trucks and day cab tractors, and high capacity charging technology standards to support electric long-haul trucking are nearing debut. Click to tweet: According to a new report from @WeAreGHInsights, the e-HVC market is expected to experience significant growth by 2030, with revenue forecasted to surpass $370 billion annually.
“This growth is a result of demands from governments and corporate customers for zero emissions fleet solutions,” says Scott Shepard, principal research analyst with Guidehouse Insights. “E-HCVs are becoming more attractive as emissions and energy efficiency regulations in two-thirds of the global HCV market are pressing manufacturers for greener vehicles.”
Despite strong prospects for the e-HCV market, there are challenges ahead, mostly related to range and charging speed. These challenges have been ongoing for the e-HCV market and the broader e-mobility market in general, as upgrades to the existing grid distribution system become more crucial. Increases to power capacity at fleet depots and fast charging sites will play a critical role in the expansion of the market.
The report, Market Data: Electric Trucks and Buses, examines e-HCV markets globally and supporting charging infrastructure, as well as technologies, market drivers and barriers, and the growth prognosis over the next 10 years. Forecast vehicle technologies in this report include battery electric trucks and buses with gross vehicle weight ratings over 3.5 tons (T) segmented by major vehicle types as follows: vans, rigid trucks, tractors, transit and coach buses, and shuttles. Charging infrastructure technologies include all charge points deployed to specifically support e-HCVs. Forecasts on these technologies are provided from 2020-2030 by major global region. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
About Guidehouse
Guidehouse is a leading global provider of consulting services to the public and commercial markets with broad capabilities in management, technology, and risk consulting. We help clients address their toughest challenges and navigate significant regulatory pressures with a focus on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that prepare our clients for future growth and success. The company has more than 8,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit: www.guidehouse.com.
* The information contained in this press release concerning the report, Market Data: Electric Trucks and Buses, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
Lindsay Funicello-Paul
+1.781.270.8456
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EDEN PRAIRIE, Minn.--(BUSINESS WIRE)--C.H. Robinson Worldwide, Inc. (“C.H. Robinson”) (Nasdaq: CHRW), one of the world’s largest logistics platforms, announced today that it will issue first quarter 2021 results via press release after the market closes on Tuesday, April 27, 2021. It will hold a conference call from 4:00-5:00 pm Central Time on the same day to discuss the quarterly results and answer live questions from the investment community.
Hosting the conference call will be Bob Biesterfeld, Chief Executive Officer; Mike Zechmeister, Chief Financial Officer; and Chuck Ives, Director of Investor Relations.
Presentation slides and a simultaneous audio webcast of the conference call may be accessed at http://investor.chrobinson.com.
To participate in the conference call by telephone, please call ten minutes early by dialing 877-269-7756. International callers dial +1-201-689-7817.
An audio replay will be available at http://investor.chrobinson.com. An audio replay will also be available by telephone until 7:00 p.m. Central Time on May 4, 2021 by calling 1-877-660-6853 and dialing the passcode 13718765#. International callers dial +1-201-612-7415.
About C.H. Robinson
C.H. Robinson solves logistics problems for companies across the globe and across industries, from the simple to the most complex. With $21 billion in freight under management and 19 million shipments annually, we are one of the world’s largest logistics platforms. Our global suite of services accelerates trade to seamlessly deliver the products and goods that drive the world’s economy. With the combination of our multi-modal transportation management system and expertise, we use our information advantage to deliver smarter solutions for our more than 105,000 customers and 73,000 contract carriers. Our technology is built by and for supply chain experts to bring faster, more meaningful improvements to our customers’ businesses. As a responsible global citizen, we are also proud to contribute millions of dollars to support causes that matter to our company, our Foundation and our employees. For more information, visit us at www.chrobinson.com (Nasdaq: CHRW).
Source: C.H. Robinson
CHRW-IR
Chuck Ives, Director of Investor Relations
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DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Inc. (NYSE:ALE) will announce its financial results for the first quarter before the stock markets open on Thursday, May 6, 2021.
Following the release, ALLETE Chief Executive Officer and President Bethany M. Owen, Senior Vice President and Chief Financial Officer Robert J. Adams, and Vice President, Controller and Chief Accounting Officer Steven W. Morris will present an overview of results and discuss other factors affecting performance during a conference call beginning at 10 a.m. Eastern time. Interested parties may listen to the conference live by calling (877) 303-5852 using passcode 6089168, or by accessing the webcast on ALLETE’s website, www.allete.com.
A replay of the call will be available through May 13, 2021, by dialing (855) 859-2056, conference identification number 6089168. The webcast will be accessible for one year at www.allete.com.
ALLETE is an energy company headquartered in Duluth, Minn. In addition to its electric utilities, Minnesota Power and Superior Water, Light and Power of Wisconsin, ALLETE owns ALLETE Clean Energy, based in Duluth, BNI Energy in Bismarck, N.D., and has an eight percent equity interest in the American Transmission Co. More information about ALLETE is available at www.allete.com. ALE-CORP
Investor Contact:
Vince Meyer, 218-723-3952
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HOUSTON--(BUSINESS WIRE)--Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) (“Solaris” or the “Company”) announced today that it will host a conference call to discuss its first quarter 2021 results on Tuesday, May 4, 2021 at 7:30 a.m. Central Time (8:30 a.m. Eastern Time). Solaris will issue its first quarter 2021 earnings release after market close on May 3, 2021.
To join the first quarter 2021 conference call from within the United States, participants may dial (844) 413-3978. To join the conference call from outside of the United States, participants may dial (412) 317-6594. When instructed, please ask the operator to be joined to the Solaris Oilfield Infrastructure, Inc. call. Participants are encouraged to log in to the webcast or dial in to the conference call approximately ten minutes prior to the start time. To listen via live webcast, please visit the Investor Relations section of the Company’s website, www.solarisoilfield.com.
An audio replay of the conference call will be available shortly after the conclusion of the call and will remain available for approximately seven days. It can be accessed by dialing (877) 344-7529 within the United States or (412) 317-0088 outside of the United States. The conference call replay access code is 10153784. The replay will also be available in the Investor Relations section of the Company’s website shortly after the conclusion of the call and will remain available for approximately seven days.
About Solaris Oilfield Infrastructure, Inc.
Solaris Oilfield Infrastructure, Inc. (NYSE:SOI) provides mobile equipment that drives supply chain and execution efficiencies in the completion of oil and natural gas wells. Solaris’ patented mobile proppant and chemical systems are deployed in many of the most active oil and natural gas basins in the United States. Additional information is available on our website, www.solarisoilfield.com.
Yvonne Fletcher
Senior Vice President, Finance and Investor Relations
(281) 501-3070
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Digital freight network recognized for technical innovations in advancing low-carbon solutions in the long-haul freight industry
SEATTLE--(BUSINESS WIRE)--Convoy, the nation’s most efficient digital freight network, has been named a 2021 BloombergNEF Pioneer, an annual award announced by Bloomberg, the global business and financial information and news leader, recognizing 12 game-changing companies advancing the low-carbon economy.
“To be recognized by BloombergNEF is a huge honor and highlights the importance of Convoy’s mission to transport the world with endless capacity and zero waste,” said Convoy Co-founder and CEO Dan Lewis. “Today, more than 72 million metric tons of wasted CO2 are generated by empty trucks; if the entire industry were to adopt Convoy's technology, it would reduce CO2 emissions by 32 million metric tons, the equivalent of taking 6.9 million cars off of the road annually. Convoy is pioneering the movement in efficient freight and we’re just scratching the surface of what's possible.”
Convoy is committed to building the most efficient supply chain possible, lowering costs for shippers, increasing earnings for drivers, while saving the environment. Waste contributes to higher costs in nearly every industry, but in freight, the stakes are even higher as more fuel is consumed, more carbon is emitted, and drivers spend more hours sitting idle. Convoy’s industry-leading Automated Reloads program algorithmically groups multiple full-truckload shipments for carriers, reducing empty miles from the industry standard of 35% to 19%. To date, Convoy has eliminated 2.5 million pounds of carbon emissions for its customers.
Now in its 12th year, BloombergNEF Pioneers recognizes the most impactful and original technological innovations with the potential to accelerate global decarbonization. Winners were selected by a panel of BNEF experts from a pool of more than 250 applicants from across the world.
“This year we selected three specific areas – heavy-duty transport, materials and the climate – where BNEF believes technology must play an important role in decarbonization,” said Claire Curry, selection committee co-chair and head of digital industry research at BloombergNEF. “While much of transport will electrify or turn to green hydrogen, the heavy-duty goods sector will continue burning fossil fuels for years to come. This makes optimizing route planning, reducing idle time and eliminating empty miles truly essential in the near-term.”
Businesses that want to learn more about how they can reduce carbon emissions in their supply chain can email This email address is being protected from spambots. You need JavaScript enabled to view it.. We’d love to talk about how we can make a difference together.
About Convoy
Convoy is the nation’s most efficient digital freight network. We move thousands of truckloads around the country each day through our optimized, connected network of carriers, saving money for shippers, increasing earnings for drivers, and eliminating carbon waste for our planet. We use technology and data to solve problems of waste and inefficiency in the $800B trucking industry, which generates over 72 million metric tons of wasted CO2 emissions from empty trucks. Fortune 500 shippers like Anheuser-Busch, P&G, Niagara, and Unilever trust Convoy to lower costs, increase logistics efficiency, and achieve environmental sustainability targets.
Media Contact:
Chris Volk
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310-663-4315
Transaction Secures a $750 Million Revolving Credit Facility
DALLAS--(BUSINESS WIRE)--Blue Racer Midstream, LLC (“Blue Racer”) announced today that it completed the amendment and restatement of its existing revolving credit facility. The amended and restated credit facility provides up to $750 million of borrowing capacity and extends the facility’s maturity date by three years to 2025.
Kyle Irons, Executive Vice President and Chief Financial Officer, commented, “We are pleased that members of our existing bank group, along with a group of new lenders, worked with us to amend and restate our existing revolving credit facility. The amended and restated facility provides Blue Racer with ample liquidity to finance growth opportunities as well as to continue delivering high quality services to our customers in the Appalachian basin.”
A syndicate of 15 banks committed to the facility. Wells Fargo Securities, LLC (“Wells Fargo”) acted as sole bookrunner. Wells Fargo, Capital One, National Association, RBC Capital Markets, Toronto-Dominion Bank, New York Branch, BBVA USA, Truist Securities, Inc. and U.S. Bank National Association, acted as joint lead arrangers.
Vinson & Elkins LLP acted as legal advisor to Blue Racer.
About Blue Racer Midstream, LLC
Blue Racer is a privately held natural gas midstream company that provides a full suite of vertically integrated natural gas midstream services, including natural gas gathering and processing, mixed NGL fractionation and condensate stabilization, and NGL marketing and transportation, to producers operating in the Appalachian Basin, specifically in southeastern Ohio and the panhandle of West Virginia.
Blue Racer’s existing asset base includes 735 miles of pipelines, six cryogenic natural gas processing plants with a total of 1.2 billion cubic feet per day of nameplate processing capacity, two fractionators with a total of 134,000 barrels per day of fractionation capacity and 170,000 barrels of purity NGL storage capacity. Blue Racer’s pipeline system, which extends across 14 counties in Ohio and four counties in West Virginia, is one of the largest systems in the Utica Shale. For more information, visit www.blueracermidstream.com.
Forward-Looking Statements
This press release may include “forward-looking statements.” All statements, other than statements of historical fact, included in this press release that address activities, events or developments that Blue Racer expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made by Blue Racer based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement. Blue Racer undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after the issuance of this press release.
Casey Nikoloric, Managing Principal, TEN|10 Group
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Company recognized for superior strategy and execution in transforming consumer data into household insights through artificial intelligence
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--A new Guidehouse Insights report has recognized Bidgely as a “Leader” in the home energy management (HEM) space for its success in delivering personalized energy insights, which support utilities in improving energy efficiency and reducing environmental impact among homeowners. The report, Guidehouse Insights Leaderboard: Home Energy Management Providers, examined the strategy and execution of 15 HEM solutions providers, with only three ranking within the “Leader” category, including Bidgely, the only independent company listed. Bidgely is specifically noted for the impressive accuracy of its personalized AMI-based solution as well as its extended artificial intelligence (AI)-powered enterprise analytics services.
“What sets leading providers apart is that their HEM solutions are supported by advanced metering infrastructure (AMI), which facilitate two-way communication between utilities and customers,” says William Hughes, principal research analyst with Guidehouse Insights. “In addition to the AMI-based solutions, there are numerous HEM monitors that major equipment manufacturers are increasingly integrating into their residential electrical equipment to offer real-time energy usage information.”
The Guidehouse Insights Leaderboard evaluates and ranks HEM providers based on their performance across 12 criteria, such as vision, go-to-market strategy, technology, product performance, quality and reliability, partners and geographic reach. In addition to receiving high scores in each category, Bidgely was further distinguished for its imaginative business and marketing strategies and ability to create sophisticated customer segmentation that allows utilities to target a broader range of customer audiences for the first time. For instance, electric vehicle owners, medium consumption users and small-to-medium businesses can all be identified through Bidgely’s UtilityAI platform.
“We are honored to be recognized as a Leader from Guidehouse Insights for creating powerful HEM solutions based on our patented disaggregation technology. Our approach of transforming smart meter and other data into actionable intelligence has proven to educate and motivate households around the world to make smarter energy decisions,” said Abhay Gupta, CEO of Bidgely. “Home energy management solutions are core offerings of our UtilityAI platform, which also encompasses a suite of data-driven solutions ranging from digitalized customer engagement and demand-side management to decarbonization and electrification.”
To access Guidehouse Insight’s full Leaderboard report, go to go.bidgely.com/Guidehouse-Insights-HEM-Report.
About Bidgely
Bidgely is an AI-powered SaaS Company accelerating a clean energy future by enabling energy companies and consumers to make data-driven energy-related decisions. Powered by our unique patented technology, Bidgely's UtilityAI™ Platform transforms multiple dimensions of customer data - such as energy consumption, demographic, and interactions - into deeply accurate and actionable consumer energy insights. We leverage these insights to empower each customer with personalized recommendations, tailored to their individual personality and lifestyle, usage attributes, behavioral patterns, purchase propensity, and beyond. From a Distributed Energy Resources (DER) and Grid Edge perspective, whether it is smart thermostats to EV chargers, solar PVs to TOU rate designs and tariffs; UtilityAI™ energy analytics provides deep visibility into generation, consumption for better peak load shaping and grid planning, and delivers targeted recommendations for new value-added products and services. With roots in Silicon Valley, Bidgely has over 17 energy patents, $50M+ in funding, retains 30+ data scientists, and brings a passion for AI to utilities serving residential and commercial customers around the world. For more information, please visit www.bidgely.com or the Bidgely blog at bidgely.com/blog.
Christine Bennett
Bidgely
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DALLAS--(BUSINESS WIRE)--Atmos Energy Corporation (NYSE: ATO) will host a conference call on Thursday, May 6, 2021, at 10:00 a.m. Eastern to review the company’s Fiscal 2021 second quarter financial results. Atmos Energy will release these results on Wednesday, May 5, 2021, following the market close.
To listen to the conference call, please dial either the toll-free or international number provided below. You may also listen to the call on the Atmos Energy website at www.atmosenergy.com. The Internet broadcast will be archived for thirty days.
Conference Call Details
May 6, 2021
10:00 a.m. Eastern / 9:00 a.m. Central
Toll-free: 877-407-3088
International: 201-389-0927
(No pass code)
Internet webcast: www.atmosenergy.com
Atmos Energy Corporation, an S&P 500 company headquartered in Dallas, is the country’s largest natural gas-only distributor. We safely deliver reliable, affordable, efficient and abundant natural gas to more than 3 million distribution customers in over 1,400 communities across eight states located primarily in the South. As part of our vision to be the safest provider of natural gas services, we are modernizing our business and infrastructure while continuing to invest in safety, innovation, environmental sustainability and our communities. Atmos Energy manages proprietary pipeline and storage assets, including one of the largest intrastate natural gas pipeline systems in Texas. Find us online at http://www.atmosenergy.com, Facebook, Twitter, Instagram and YouTube.
Financial Analysts and Media Contact:
Dan Meziere (972) 855-3729
DUBLIN--(BUSINESS WIRE)--The "Oil and Gas TechVision Opportunity Engine" newsletter has been added to ResearchAndMarkets.com's offering.
This monthly TOE highlights innovation features, value propositions, industry impact of 12 monthly innovations along a particular theme, and includes strategic insights on the technology from a global perspective. Strategic insights include insights on IP, competitive landscape, key research focus areas, key success factors for technology adoption, and noteworthy funding details.
The Oil and Gas TechVision Opportunity Engine (TOE) provides intelligence on innovations pertaining to technologies, products and processes, along with strategic insights, in the upstream, midstream and downstream processes in the oil and gas industry.
Our scope encompasses hydrocarbon-based gas and oil exploration and production (E&P) technologies, materials and equipment used in E&P, and mainstream technologies such as storing and processing of natural gas.
Some upstream technologies covered are 3-D and 4-D seismic imaging, including seismic data acquisition, geophysical processing and characterization, and borehole seismic, drilling and completion technologies, well simulation and product optimization, well intervention, deepwater technologies for offshore oil and gas deposits.
Midstream technologies such as natural gas processing are covered in this TOE including natural gas sweetening, natural gas dehydration, NGL recovery, desulphurization.
Some downstream technologies profiled are crude oil refining, gas & LPG treatment, diesel & jet, vacuum gas oil conversion, and residue upgrading, Petrochemical integration is also profiled in our research, including aromatics, para-xylene and benzene, aromatics recovery, and olefins.
For more information about this newsletter visit https://www.researchandmarkets.com/r/cmkwfp
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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